Exhibit 10.1

CORPORATE MEMORANDUM

TO:	Leigh J. Abrams
FROM:	Compensation Committee
SUBJECT:	2007 COMPENSATION
DATE:	November 15, 2006

 ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

This memorandum is to confirm our understanding with respect to your compensation as President and Chief Executive Officer of Drew Industries Incorporated for 2007:

1)	Base Salary	$400,000
2)	Bonus:	2.5% of pre-tax profits in excess of $19,968,000

AGREED:

/s/ James F. Gero

James F. Gero

Chairman, Compensation Committee

/s/ Leigh J. Abrams

Leigh J. Abrams