AMENDMENT NO. 7
H&R BLOCK DEFERRED COMPENSATION PLAN FOR DIRECTORS
H&R BLOCK, INC. (the "Company") adopted the H&R Block Deferred Compensation Plan for Directors (the
"Plan") effective as of August 1, 1987. The Company amended said Plan by Amendment No. 1 effective May 1,
1995; by Amendment No. 2 effective December 11, 1996; by Amendment No. 3 effective May 1, 1997; by
Amendment No. 4 effective January 1, 1998; by Amendment No. 5 effective in part on March 1, 1998 and in
part on April 1, 1998; and by Amendment No. 6 effective December 8, 1999. The Company continues to retain
the right to amend the Plan pursuant to action by the Company's Board of Directors. The Company hereby
exercises that right. This Amendment No. 7 is effective as of January 1, 2001.
1. Section 2.1.15 of the Plan, as previously amended, is further amended by: (a) inserting the punctuation and
words ", each of which is an Affiliate" immediately after the words "of the Company" and immediately before the
punctuation ":"; (b) deleting the words "H&R Block Tax Services, Inc." and replacing them with the words "H&R
Block Services, Inc."; and (c) deleting the words "Option One Mortgage Corporation" and replacing them with
the words "HRB Business Services, Inc.".
2. Section 4.2 of the Plan, as previously amended, is further amended by (a) inserting the words "on a daily basis"
immediately after the words "posted to the Account" and immediately before the words "in accordance with" in
the first sentence of the first paragraph thereof; and (b) deleting the sixth sentence of said section and replacing it
with the following new sentence:
"Participants may elect to reallocate all or any portion of their Account balances, including their entire balance in a
Fixed 120 Account, among the available investment options, including those funds selected by the Company for
the variable rate investment option, provided said reallocations are in at least one percent (1%) increments."
3. Section 4.2.2 of t