ANACOMP INC
EPS AGREEMENT
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>psagmt111202.txt
<DESCRIPTION>EPS AGREEMENT
<TEXT>
                                                                   EXHIBIT 10.1


Date              November 12, 2002

To                Edward P. Smoot

cc                David Orr, Chairman of the Compensation Committee

Subject           Part-Time Employment Agreement



     As approved by the  Compensation  Committee of the Board of Directors,  you
will be a part-time  employee of Anacomp,  Inc.  for fiscal year 2003.  You have
agreed to work ten (10)  hours per pay  period  and be paid  $1923.06  bi-weekly
($50,000.00  per  year).  You will  work on  special  projects  assigned  by the
President and Chief Executive Officer,  including matters such as:  acquisitions
and  divestures,  banking  and  investor  issues.  In the event that you work in
excess of ten (10)  hours in a pay  period,  you will be paid at an hourly  rate
commensurate  with your  bi-weekly  pay.  You will not be eligible  for vacation
accrual,  holiday pay or any other employee benefits. You will be subject to all
policies contained in Anacomp's Employee Handbook.

     This letter  agreement  may only be modified  by mutual  written  agreement
between the Compensation Committee of the Board of Directors and yourself.  This
letter  agreement  shall be  governed  by the laws of the  State of  California,
without regard to its conflict of laws.

     Please sign below to indicate your  acceptance of the terms and  conditions
of this letter agreement. Best regards,


                                        /s/ Jeffrey R. Cramer
                                        ___________________________
                                        Jeffrey R. Cramer
                                        President and CEO

AGREED TO AND ACCEPTED:


/s/ Edward P. Smoot
_______________________                 ___________________________
Edward P. Smoot                         Date



</TEXT>
</DOCUMENT>
