ALPINE GROUP INC /DE/
EXHIBIT 10(LL)
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<BR></FONT><FONT SIZE=2><B>Exhibit 10(ll)    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>As
of January&nbsp;3, 2003 </FONT></P>

<P><FONT SIZE=2>Mr.&nbsp;Steven
S. Elbaum<BR>
The Alpine Group,&nbsp;Inc.<BR>
One Meadowlands Plaza<BR>
East Rutherford, NJ 07073 </FONT></P>

<P><FONT SIZE=2>Dear
Steven: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>Re:</FONT></DT><DD><FONT SIZE=2>Amendment
to Employment Agreement dated as of April&nbsp;26, 1996<BR>
between The Alpine Group,&nbsp;Inc. ("Alpine" or the "Company"), as<BR>
Employer and Steven S. Elbaum, as Executive (as amended to date,<BR>
<U>the "Employment Agreement")</U> </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>Dear
Steven: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
letter will memorialize the proposal unanimously approved by the Board of Directors of the Company at its meeting held on January&nbsp;3, 2002, in amendment of your Employment
Agreement, as follows: </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2>Your
annual base compensation under the Employment Agreement for 2003 will be paid in cash in accordance with the terms thereof until you have received 60% of such aggregate annual
base compensation (the "Cash Portion") payable thereunder. The remaining 40% of such 2003 annual base compensation (the "Deferred Portion") shall not be payable in cash, but shall be paid in common
stock of the Company (the "Common Stock") in the manner described below.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2>Immediately
following the date on which you shall have received the entire Cash Portion (but in no event prior to July&nbsp;3, 2003), the Company will pay you the Deferred Portion by
crediting your "Deferred Stock Account", as defined in and established under the Alpine Group,&nbsp;Inc. Deferred Stock Account Plan (the "Plan), with the number of shares of Common Stock which is
equal to the (a)&nbsp;the dollar amount of the Deferred Portion divided by (b)&nbsp;the market price of the Common Stock as of the close of business on the date hereof. A fractional share of
Common Stock shall be rounded to the nearest full integer.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2>All
such shares of Common Stock shall be (i)&nbsp;deemed immediately vested, (ii)&nbsp;automatically deferred for a "Deferral Period" (as such term is defined under the Plan) of
five (5)&nbsp;years, and (iii)&nbsp;entitled to earn a "Matching Contribution" (as such term is defined in Plan) from the Company in accordance with the terms of the Plan. </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the foregoing conforms with your understanding of the amendment of your Employment Agreement kindly execute a copy of this letter so indicating. </FONT></P>

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<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD COLSPAN=3><FONT SIZE=2>Very truly yours,</FONT></TD>
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&nbsp;</FONT></TD>
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THE ALPINE GROUP,&nbsp;INC.</FONT></TD>
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&nbsp;</FONT></TD>
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By</FONT></TD>
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&nbsp;</FONT></TD>
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<TD WIDTH="39%"><HR NOSHADE><FONT SIZE=2> Steven S. Elbaum</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="51%" ALIGN="CENTER"><HR NOSHADE><FONT SIZE=2> Stewart H. Wahrsager<BR>
Corporate Secretary</FONT></TD>
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