POLYMEDICA CORP
LETTER AGREEMENT WITH WARREN K. TROWBRIDGE
<DOCUMENT>
<TYPE>EX-10.38
<SEQUENCE>5
<FILENAME>b40923pcex10-38.txt
<DESCRIPTION>LETTER AGREEMENT WITH WARREN K. TROWBRIDGE
<TEXT>
<PAGE>
                                                                   EXHIBIT 10.38

September 24, 2001

                      Re: Amendment of Employment Agreement

Dear Keith,

This letter agreement serves to further amend the Employment Agreement dated as
of September 1, 2000, by and between you and PolyMedica Corporation (the
"Company"), as amended by a certain letter agreement dated as of December 14,
2000 (together, the "Employment Agreement").

     Term of Employment. The Employment Period, as defined in Section 2 of the
     Employment Agreement, is extended to August 31, 2002.

If the foregoing is acceptable to you, please indicate your agreement by signing
a copy of this letter agreement and returning it to the undersigned.

Very truly yours,


/s/ Steven J. Lee
------------------------
Steven J. Lee
Chairman and Chief
Executive Officer

ACCEPTED AND AGREED TO:

/s/ Warren K. Trowbridge
------------------------
Warren K. Trowbridge

</TEXT>
</DOCUMENT>
