HOME DEPOT INC
EXHIBIT 10.2
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<BR></FONT><FONT SIZE=2><B>Exhibit 10.2    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>AMENDMENT NO. 1<BR>
(Effective July&nbsp;1, 2004)  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>THE HOME DEPOT,&nbsp;INC.<BR>
AMENDED AND RESTATED<BR>
EMPLOYEE STOCK PURCHASE PLAN<BR>
(As Amended and Restated Effective July&nbsp;1, 2003)  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, The Home Depot,&nbsp;Inc. (the "Company") adopted The Home Depot,&nbsp;Inc. Amended and Restated Employee Stock Purchase Plan effective
July&nbsp;1, 2003 (the "Plan") and the Compensation Committee of the Company's Board of Directors (the "Committee") approved the Plan on March&nbsp;26, 2003; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Company desires to further amend the Plan to eliminate the purchase price look-back feature of the Plan; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
said amendment was approved by the Committee at its November&nbsp;20, 2003 meeting; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Committee authorized and directed the Company's Executive Vice President-Human Resources to execute this amendment to the Plan on the Company's behalf, </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, BE IT: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RESOLVED,
that Section&nbsp;3(u) of the Plan is amended, effective July&nbsp;1, 2004, to read as follows: </FONT></P>

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<P><FONT SIZE=2>"</FONT><FONT
SIZE=2><I>Purchase Price</I></FONT><FONT SIZE=2>" means an amount equal to 85% of the Fair Market Value of a Share on the Purchase Date. </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
all other respects, the Plan is hereby confirmed and ratified in its entirety. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executed
this 23<SUP>rd</SUP> day of November, 2003 but effective as of July&nbsp;1, 2004. </FONT></P>

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THE HOME DEPOT,&nbsp;INC.</FONT></TD>
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By:</FONT></TD>
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/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DENNIS M. DONOVAN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Dennis M. Donovan<BR>
Executive Vice President-Human Resources</FONT></TD>
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