EXHIBIT 10.1

                               AMENDMENT TO THE
                             ALLTRISTA CORPORATION
                     1998 LONG-TERM EQUITY INCENTIVE PLAN

     This Amendment is made to the Alltrista Corporation 1998 Long-Term Equity
Incentive Plan, which was effective as of January 1, 1998 (the "1998_Long-Term
Equity Incentive Plan "). This Amendment shall be effective as of June 21, 2001.
Capitalized terms used but not defined herein shall have the meanings ascribed
to them in the 1998 Long-Term Equity Incentive Plan.

     The 1998 Long-Term Equity Incentive Plan is hereby amended as follows:

     1.   Section 2.01(d)(ii) of the 1998 Long-Term Equity Incentive Plan is
     amended by replacing in its entirety the parenthetical that begins in the
     second line of Section 2.01(d)(ii) with the following new parenthetical:

     "(other than a director whose initial assumption of office in connection
     with an actual or threatened election contest, including but not limited to
     a consent solicitation, relating to the election of directors of the
     Company, including but not limited to Messrs. Martin E. Franklin and Ian
     G.H. Ashken)"

     2.   Except as herein modified, the 1998 Long-Term Equity Incentive Plan
     shall remain in full force and effect.