ANIXTER INTERNATIONAL INC
MANAGEMENT INCENTIVE PLAN
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<TYPE>EX-10
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>MANAGEMENT INCENTIVE PLAN
<TEXT>



           ANIXTER MANAGEMENT INCENTIVE PLAN

     1. Purpose and Effective Date. Anixter Inc. has established this Management
Incentive  Plan (the "Plan") to provide  awards to its  executives and other key
employees  for the  achievement  of goals  for a year or a  specified  number of
years.  The  effective  date of the Plan shall be January 1, 1999 subject to the
approval of the  shareholders of Anixter  International  Inc. (the "Company") at
the 2000 Annual Meeting.

         2.  Administration.  The Plan  shall be  administered  by the  Board of
Directors,  or the Compensation Committee of the Company's Board of Directors or
such other Board  committee as the Board may designate  (the  "Committee").  The
Committee  has  the  authority  and  responsibility   for  the   interpretation,
administration   and  application  of  the  provisions  of  the  Plan,  and  the
Committee's  interpretations  of the  Plan,  and  all  actions  taken  by it and
determinations made by it shall be binding on all persons. No Board or Committee
member  shall be liable for any  determination,  decision or action made in good
faith with respect to the Plan.

     3. Awards  Under the Plan. A target  expressed  as a  percentage  of salary
shall be assigned each year by the Committee to participants. The targets may be
as high as 200% and as low as 20% of salary.

         At least 51% of the target  shall be dependent  on the  achievement  of
financial  objectives  such as (i)  operating,  pretax,  or net  earnings of the
Company, a subsidiary,  a division or business unit thereof,  or an other entity
where  there is a  significant  investment  by the Company  and  opportunity  to
influence  the  performance  of that  entity;  (ii)  earnings  per  share of the
Company;  (iii)  cash flow of any of these  entities;  (iv)  return on  capital,
tangible or total, employed by any of these entities as measured by any of these
earnings;  (v)  achievement  of specified  revenues or proceeds  from  specified
activities,  in or out of the ordinary course of business, or (vi) other similar
financial  objectives that the Committee determines to be in the interest of the
Company.  Up to 49% of the  target  of a  participant  may be  dependent  on the
subjective  determination  of  the  Committee  or an  executive  officer  of the
achievement of qualitative goals.

         The actual  awards may range from zero to 200% of the assigned  targets
depending on the achievement of the objectives  established by the Committee (or
in the case of  qualitative  goals,  by the  Committee or an executive  officer)
during the first 90 days of the year.

         4. Eligibility.  All executive officers of the Company and their direct
reports and all other key  employees  of the Company and its  subsidiaries  with
annual  salaries in excess of $150,000 are eligible to be selected to receive an
award under the Plan by the Committee.  The Committee may condition  eligibility
under the Plan or participation  under the Plan, and any award under the Plan on
such conditions,  limitations or restrictions as the Committee  determines to be
appropriate  for any reason and consistent with the terms of the Plan. No person
may be awarded for any one year more than $3,000,000, as this amount is adjusted
for inflation in the Consumer Price Index after December 31, 2000.

         5. Payment of Awards. Amounts earned under the Plan shall be determined
and be paid as soon as  practical  after  the end of each  year or if  based  on
multiple  years,  the end of the last  year of that  period.  The  Committee  in
establishing  the  targets  and  goals  for a year may  determine  that all or a
portion of an award payable under the Plan to certain  participants shall or may
be  paid in  stock  or  phantom  stock  of the  Company  that  may or may not be
restricted.  The  computation of the amount of stock may be based on the average
market  price of the  stock  over a  period,  up to one  year,  selected  by the
Committee,  or based on a  percentage,  not to be less than 75%,  of the  market
price of the stock at the end of the year for  which  the  award  was  earned or
during a period during the last month of that year selected by the Committee

         6. Amendment of the Plan. The Committee may amend or terminate the Plan
at any time,  provided  however,  that in no event can the Committee,  after the
period for  establishing  the  objectives  for a year,  adjust for that year any
targets, objectives, or the percent of target earned by levels of achievement of
each objective in a manner that would increase the amount of  compensation  that
would be payable under the Plan without such adjustment.

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