Amendment To European Credit Facility

EXHIBIT 10.20.16


Second Amendment to Letter Agreement (European Facility)
dated January 31, 1995
among the Registrant's Foreign Subsidiaries
and NBD Bank


NBD BANK
611 Woodward Avenue
Detroit, Michigan 48226


Dated as of January 31, 1995


Hurco Europe Limited Hurco GmbH Werkzeugmaschinen CIM-Bausteine Vertrieb und Service


Re: Second Amendment to European Facility


Ladies and Gentlemen:


This letter amends the letter agreement with you dated June 17, 1993, as previously amended by the letter agreement dated March 24, 1994 (as amended, the "European Facility"), and is being entered into in conjunction with the First Amendment ...