GOLDEN BOOKS FAMILY ENTERTAINMENT INC
EMPLOYMENT AGREEMENT
<DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>


Exhibit 10.19

            FIRST AMENDMENT made as of the 10 day of April, 2001 to the
Employment Agreement between Golden Books Family Entertainment, Inc., a Delaware
corporation, with its principal United States office at 888 Seventh Ave., New
York, New York 10106 (the "Company"), and Richard E. Snyder, residing at Linden
Farm, 34 Boutonville Road, Cross River, New York 10518 (the "Executive"), dated
as of January 27, 2000 (the "Employment Agreement").

                              W I T N E S S E T H:

            WHEREAS, the Company and the Executive have previously entered into
the Employment Agreement; and

            WHEREAS, the Company and the Executive now desire to amend the
Employment Agreement.

            NOW, THEREFORE, the parties hereto agree as follows:

            1. Section 5(a)(i)(B) of the Employment Agreement is amended,
effective as of the date hereof, in its entirety to read as follows:

            (B) If the Date of Termination is prior to May 8, 2001, the amount
            equal to the product of (1) three and (2) the sum of the Executive's
            Annual Base Salary and the Earned Bonus, or if the Date of
            Termination is on or after May 8, 2001, the amount equal to the
            product of (a) two and (b) the sum of the Executive's Annual Base
            Salary and the Earned Bonus; provided, however, that in the event
            the Company executes an agreement prior to May 8, 2001 which, if
            consummated, would result in a Change of Control, and a Change of
            Control subsequently occurs either pursuant to such agreement or
            otherwise, the Date of Termination shall, for purposes of this
            Section 5(a)(i)(B) be deemed to occur prior to May 8, 2001; and

            2. Section 5(a)(i)(C) of the Employment Agreement is amended,
effective as of the date hereof, by the deletion of the first sentence thereof
and the substitution of the following sentence in lieu thereof:

            (C) an amount equal to the difference between (a) the actuarial
            equivalent of the benefit (utilizing actuarial assumptions no less
            favorable to the Executive than those most favorable to the
            Executive in effect under the Company's qualified defined benefit
            retirement plan (the "Retirement Plan") at any time during the 120
            days immediately prior to a Change of Control) under the Retirement
            Plan, and any excess or supplemental retirement plan in which the
            Executive participates (together, the "SERP") which the Executive
            would receive if the Executive's employment continued for (I) if the
            Date of Termination is prior to May 8, 2001, three years after the
            Date of Termination, (II) if the Date of Termination is on or after
            May 8, 2001, two years after the Date of Termination, or (III) if
            the
<PAGE>

            Company executes an agreement prior to May 8, 2001 which, if
            consummated, would result in a Change of Control, and a Change of
            Control subsequently occurs either pursuant to such agreement or
            otherwise and the Date of Termination is on or after May 8, 2001,
            three years after the Date of Termination, and (b) the actuarial
            equivalent of the Executive's actual benefit (paid or payable), if
            any, under the Retirement Plan and the SERP as of the Date of
            Termination.

            3. Section 5(a)(iii) of the Employment Agreement is amended,
effective as of the date hereof, by the deletion of the first sentence thereof
and the substitution of the following sentence in lieu thereof:

            (A) If the Date of Termination is prior to May 8, 2001, for three
            years after the Executive's Date of Termination, (B) if the Date of
            Termination is on or after May 8, 2001, for two years after the
            Executive's Date of Termination, or (C) if the Company executes an
            agreement prior to May 8, 2001 which, if consummated, would result
            in a Change of Control, and a Change of Control subsequently occurs
            either pursuant to such agreement or otherwise and the Date of
            Termination is on or after May 8, 2001, for three years after the
            Executive's Date of Termination, provided, however, that, in all
            cases, for such longer period as may be provided by the terms of the
            appropriate plan, program, practice or policy, the Company shall
            continue benefits to the Executive and/or the Executive's family at
            least equal to those which would have been provided to them in
            accordance with the plans, programs, practices and policies
            described in Section 3(b)(vii) of this Agreement if the Executive's
            employment had not been terminated; further, provided, that if the
            Executive becomes reemployed with another employer and is eligible
            to receive medical or other welfare benefits under another employer
            provided plan, the corresponding medical and other welfare benefits
            described herein shall be terminated.

            4. Section 5(a)(iv) of the Employment Agreement is amended,
effective as of the date hereof, in its entirety to read as follows:

            (iv) (A) If the Date of Termination is prior to May 8, 2001, for
            three years after the Executive's Date of Termination, (B) if the
            Date of Termination is on or after May 8, 2001, for two years after
            the Executive's Date of Termination, or (C) if the Company executes
            an agreement prior to May 8, 2001 which, if consummated, would
            result in a Change of Control, and a Change of Control subsequently
            occurs either pursuant to such agreement or otherwise, and the Date
            of Termination is on or after May 8, 2001, for three years after the
            Executive's Date of Termination, the Company shall continue to
            provide the Executive with Fringe Benefits; and

            5. As amended by this First Amendment, the Employment Agreement
shall remain in full force and effect.


                                     - 2 -
<PAGE>

      IN WITNESS WHEREOF, the Company has caused this amendment to be executed
by its duly authorized officers and the Executive has hereunto set his hand as
of the date first above written.


                                                               RICHARD E. SNYDER

                                                       -------------------------

                                        GOLDEN BOOKS FAMILY ENTERTAINMENT, INC.

                                                       -------------------------


                                     - 3 -

</TEXT>
</DOCUMENT>
