EXPRESS SCRIPTS INC
AMENDMENT TO EXEC EMPLOYMENT AGREEMENT
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>bascombemplyagmt.htm
<DESCRIPTION>AMENDMENT TO EXEC EMPLOYMENT AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>
EXHIBIT 10.31
<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AMENDMENT TO EXECUTIVE
EMPLOYMENT AGREEMENT </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Amendment to Executive Employment Agreement is dated as of July 8, 2002, by and between
Express Scripts, Inc., a Delaware corporation (the &#147;Company&#148;) and Stuart L.
Bascomb (&#147;Executive&#148;). </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the parties have entered into an Executive Employment Agreement dated as of March 15, 2001
(the &#147;Agreement&#148;; capitalized terms not otherwise defined herein shall have the
meanings ascribed to them in the Agreement); and </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the parties desire to amend the Agreement as hereinafter provided; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the premises and the mutual undertakings contained herein,
the parties hereto agree as follows: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Until December 31, 2002, Executive shall retain his title and duties as
          Executive Vice President &#150; Sales and Provider Relations, reporting to the
          President of the Company. During this time Executive will cooperate with the
          Company and use his best efforts to transition his responsibilities as the
          Company&#146;s senior sales executive to a successor executive to be designated
          by the Company. Thereafter Executive will cease to have responsibility for the
          sales and provider relations functions and shall assume the title of Executive
          Vice President for Business Development for the period through and including
          December 31, 2003. In such new capacity Executive shall report to the Chief
          Executive Officer and shall participate as a member of the Company&#146;s senior
          staff. In the capacity of Executive Vice President of Business Development,
          Executive shall discharge such duties, consistent with his status as a senior
          executive of the Company, as the Chief Executive Officer of the Company shall
          assign to him. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The term of Executive&#146;s employment in Section 2.2 of the Agreement shall
          continue through December 31, 2003. The provisions of Section 2.2 of the
          Agreement pertaining to any automatic renewal of the term of the Agreement shall
          be deleted, and there shall be no Renewal Periods under the Agreement unless the
          parties agree to extend the term of Executive&#146;s employment in a subsequent
          written amendment to the Agreement. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The base salary of Executive shall remain as described in the Agreement shall
          not be reduced by reason of the change of duties described herein. Executive
          will be eligible for a pro rata Annual Bonus in 2003 based on performance. Such
          bonus payment will be made in March, 2004 and will not require Executive to be
          employed at that time to receive such bonus. Upon the execution by Executive of
          this Amendment, the vesting date for any stock options and restricted stock
          currently held by Executive and vesting after December 31, 2003, shall be
          accelerated and all such options and restricted stock shall vest on December 31,
          2003, unless sooner terminated or forfeited pursuant to the terms of the
          Company&#146;s 2000 Long Term Incentive Plan, as amended. Future grants of stock
          options and/or restricted stock shall be in the sole discretion of the Company. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Company will use its reasonable best efforts to cause Executive to be
          nominated for re-election to the Company&#146;s Board of Directors at the annual
          meeting of shareholders in May, 2003 On December 31, 2003, or if the
          Executive&#146;s employment with the Company is sooner terminated for any
          reason, he will resign his position as director. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Executive acknowledges and agrees that the change on January 1, 2003 from
          Executive&#146;s prior position to Executive Vice President for Business
          Development shall not, in itself, constitute grounds for Executive to terminate
          his employment with the Company for Good Reason. However, except as specifically
          provided in this Amendment, from and after January 1, 2003 all of the terms of
          the Agreement shall remain in full force and effect including, but not limited
          to, the right of Executive to terminate his employment prior to the end of the
          Employment Period for Good Reason. </FONT></P>





<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="600">
<TR VALIGN=Bottom>
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXPRESS SCRIPTS, INC.</FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR><BR><BR><BR>July 12, 2002</FONT></TD>
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR><BR><BR><BR>By:&nbsp;&nbsp;&nbsp;&nbsp;/s/ Barret Toan</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>________________________________________</FONT></TD></TR>

<TR VALIGN=Bottom>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Barrett Toan, Chief Executive Officer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR><BR><BR><BR>July 24, 2002</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR><BR><BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Stuart Bascomb</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>________________________________________</FONT></TD></TR>

<TR VALIGN=Bottom>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Stuart L. Bascomb</FONT></TD></TR>
</TABLE>


</BODY>
</HTML>

</TEXT>
</DOCUMENT>
