WELLPOINT HEALTH NETWORKS INC /DE/
EXHIBIT 10.08
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="lm1346_exhibit_10.08"> </A>
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<BR></FONT><FONT SIZE=2><B>Exhibit&nbsp;10.08    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lm1346_amendment_no._1_to_rightchoice__ame03178"> </A>
<A NAME="toc_lm1346_2"> </A></FONT> <FONT SIZE=2><B>AMENDMENT NO. 1<BR>  TO<BR>  RIGHTCHOICE MANAGED CARE,&nbsp;INC.<BR>  EXECUTIVE DEFERRED COMPENSATION PLAN    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, RightCHOICE Managed Care,&nbsp;Inc. (hereinafter called "RightCHOICE") maintains the RightCHOICE Managed Care,&nbsp;Inc. Executive Deferred
Compensation Plan (hereinafter called "Plan") which Plan was amended and restated effective as of July&nbsp;1, 2000; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
RightCHOICE desires to amend said Plan effective as of October&nbsp;15, 2001; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, RightCHOICE does hereby amend the Plan effective as of October&nbsp;15, 2001, so that it will read as follows: </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>I.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following new Section&nbsp;2.11 of the Plan is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Section&nbsp;2.11. </FONT> <FONT SIZE=2><I>Incentive Award</I></FONT><FONT SIZE=2>. "Incentive Award" means a Participant's incentive award under the Management Incentive Program
(MIP) or Sales Incentive Plan (SIP), as amended from time to time, or other incentive plan or program adopted by the Committee, including any bonus, incentive award or supplemental payment made by the
Company, WellPoint Health Networks,&nbsp;Inc. or one of its subsidiaries." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>II.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following sentence is hereby added to Section&nbsp;2.15 of the Plan: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"For
purposes of determining whether a Participant has satisfied the requirements for Retirement, service with WellPoint Health Networks,&nbsp;Inc. or a subsidiary thereof and/or
participation in a nonqualified deferred compensation plan of WellPoint Health Networks,&nbsp;Inc. or a subsidiary thereof shall be taken into account." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>III.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The first paragraph of Section&nbsp;4.2 is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Section&nbsp;4.2 </FONT> <FONT SIZE=2><I>Company Contributions</I></FONT><FONT SIZE=2>. For each Plan Year the Company will contribute to the Company Contribution Unit of a
Participant the amounts described in paragraphs (a), (b)&nbsp;and (c)&nbsp;below; provided, however, that no Company Contributions will be made under this Plan on behalf of a Participant until the
Participant is eligible to receive a Company contribution to the Savings Plan." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>IV.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The second paragraph of Section&nbsp;5.1 of the Plan is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"The
retirement benefit for a Retirement Unit will be paid in the manner which the Participant elects when he enrolls in the Retirement Unit. Except as otherwise provided in
Section&nbsp;5.11, after the Participant enrolls in a Retirement Unit and elects the form of payment, he may not change his enrollment and/or election. A Participant may elect to receive his
retirement benefit in either a lump sum or annual installments over 5, 10 or 15&nbsp;years. The lump sum payment will be made or annual installment payments will commence on or before
January&nbsp;31 of the year following the Participant's Retirement." </FONT></P>

</UL>
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<P ALIGN="CENTER"><FONT SIZE=2><B>V.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.2 of the Plan is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Section&nbsp;5.2
</FONT><FONT SIZE=2><I>Early Payment Unit</I></FONT><FONT SIZE=2>. A Participant who enrolls in an Early Payment Unit under this Plan must specify the date on which
he elects to receive a lump sum payment of the value of the Deferral Account for the Early Payment Unit. The payment date specified must be a date no earlier than twelve (12)&nbsp;months after the
date of the deferral election. Except as otherwise provided in Section&nbsp;5.11, after the Participant enrolls in an Early Payment Unit and elects the date of payment, he may not change his
enrollment and/or election. On the specified payment date, the Participant will receive a lump sum payment of the value of the Deferral Account for the Early Payment Unit as of the Valuation Date
immediately preceding the date of distribution." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>VI.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.3 of the Plan is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Section&nbsp;5.3
</FONT><FONT SIZE=2><I>Company Contribution Unit</I></FONT><FONT SIZE=2>. The retirement benefit for a Company Contribution Unit will be paid out following
termination of employment in the same manner as a Retirement Unit according to the form of payment which the Participant elects. Except as otherwise provided in Section&nbsp;5.11, after the
Participant elects the form of payment, he may not change his election." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>VII.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.5 of the Plan is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Section&nbsp;5.5
</FONT><FONT SIZE=2><I>Termination of Employment</I></FONT><FONT SIZE=2>. If a Participant terminates employment before he is eligible for Retirement under the Plan,
he will receive a lump sum payment of the value of his vested Deferral Accounts for any Retirement Unit, Early Payment Unit(s) and Company Contribution Unit upon his termination of employment. If a
Participant terminates employment after he is eligible for Retirement under the Plan, he will receive retirement benefits in the manner he elected for any Retirement Unit and Company Contribution Unit
as provided in Section&nbsp;5.1 and will receive a lump sum payment for any Early Payment Unit(s) on the date(s) he elected pursuant to this Article&nbsp;V." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>VIII.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.6 of the Plan is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Section&nbsp;5.6 </FONT> <FONT SIZE=2><I>Disability</I></FONT><FONT SIZE=2>. If a Participant suffers a Disability, the Participant will be deemed to be eligible for Retirement under
the Plan. The Participant will receive retirement benefits in the manner he elected for any Retirement Unit and Company Contribution Unit and will receive a lump sum payment for any Early Payment
Unit(s) on the date(s) he elected pursuant to this Article&nbsp;V." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>IX.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.9 of the Plan is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Section&nbsp;5.9 </FONT> <FONT SIZE=2><I>Small Benefit</I></FONT><FONT SIZE=2>. Upon termination of a Participant's employment, in the event the Committee determines at any time that
the balance of a Participant's Deferral Account is less than </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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$25,000, or the portion of the balance of the Participant's Deferral Account payable to any Beneficiary is less than $25,000, the Company may pay the benefit in the form of a lump sum payment,
notwithstanding any provision of this Article&nbsp;5 to the contrary. Such lump sum payment shall be equal to the balance of the Participant's Deferral Account or the portion thereof payable to a
Beneficiary." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>X.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following new Section&nbsp;5.11 is hereby added after Section&nbsp;5.10 of the Plan: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Section&nbsp;5.11
</FONT><FONT SIZE=2><I>Changes in Enrollments and Elections</I></FONT><FONT SIZE=2>. A Participant may (i)&nbsp;change an enrollment in a Retirement Unit to an
Early Payment Unit, or vice versa, or (ii)&nbsp;change his election of the method of payment of a Retirement Unit, or the year in which an Early Payment Unit will be paid; provided, however, that
such subsequent enrollment or election must be made no later than twelve (12)&nbsp;months before the date the Participant was previously scheduled to receive a distribution of such Unit. The newly
specified payment date must be a date no earlier than twelve (12)&nbsp;months after the date of the subsequent enrollment or election." </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><B>XI.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paragraph&nbsp;(b) of Section&nbsp;8.2 of the Plan is hereby deleted in its entirety and the following is substituted in lieu thereof: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"(b) </FONT> <FONT SIZE=2><I>Payments Upon Termination</I></FONT><FONT SIZE=2>. Upon any termination of the Plan under this Section&nbsp;8.2, the Participants will be deemed to have
voluntarily terminated their participation under the Plan as of the date of such termination. Salary and Incentive Awards shall prospectively cease to be deferred for the then Plan Year. Termination
of the Plan shall not, without the consent of the Participants, adversely affect the rights of Participants or Beneficiaries to the benefits that have accrued under this Plan before such termination.
Termination of the Plan shall not result in an acceleration of the payment of benefits, which will be paid in accordance with the provisions of the Plan as of the date of Plan termination." </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, RightCHOICE has caused this Amendment No.1 to be adopted effective as of the 15<SUP>th</SUP> day of October, 2001. </FONT></P>

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<TD COLSPAN=2><FONT SIZE=2><B>RIGHTCHOICE MANAGED CARE,&nbsp;INC.</B></FONT></TD>
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<TD WIDTH="5%"><FONT SIZE=2>By:</FONT></TD>
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<TD WIDTH="46%"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>JOHN A. O'ROURKE</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> John A. O'Rourke<BR></FONT> <FONT SIZE=2><I>Chief Executive
Officer</I></FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<FONT SIZE=2><A HREF="#toc_lm1346_1">Exhibit 10.08</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_lm1346_2">AMENDMENT NO. 1 TO RIGHTCHOICE MANAGED CARE, INC. EXECUTIVE DEFERRED COMPENSATION PLAN</A></FONT><BR>

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