<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------

                                    FORM S-8

                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933

                                   ----------

                                  PFSWEB, INC.
             (Exact name of registrant as specified in its charter)

                  DELAWARE                                       75-2837058
       (State or other jurisdiction                           (I.R.S. Employer
     of incorporation or organization)                       Identification No.)

500 NORTH CENTRAL EXPRESSWAY, PLANO, TEXAS                          75074
 (Address of principal executive offices)                        (Zip Code)


                        2000 EMPLOYEE STOCK PURCHASE PLAN
                            (Full title of the plan)


                                 MARK C. LAYTON
                                  PFSweb, INC.
                          500 NORTH CENTRAL EXPRESSWAY
                               PLANO, TEXAS 75074
                     (Name and address of agent for service)

                                 (972) 881-2900
          (Telephone number, including area code of agent for service)

                                    copy to:
                             MORRIS BIENENFELD, ESQ.
                                 WOLFF & SAMSON
                               5 BECKER FARM ROAD
                               ROSELAND, NJ 07068
                                 (973) 533-6532


<PAGE>   2


                         CALCULATION OF REGISTRATION FEE


<TABLE>
<CAPTION>
                                              Proposed                   Proposed
Title of                                      Maximum                    Maximum
Securities          Amount                    Offering                   Aggregate                 Amount of
to be               to be                     Price                      Offering                  Registration
Registered          Registered (1)            Per Share (2)              Price (2)                 Fee (2)
----------          --------------            -------------              ---------                 ------------
<S>                 <C>                       <C>                        <C>                       <C>
Common Stock,         250,000                   $  2.56                  $ 640,625                   $169.13
par value $.001
per share
</TABLE>

----------

         (1)      Pursuant to Rule 416 under the Securities Act of 1933, as
                  amended (the "Securities Act"), this Registration Statement
                  also covers such additional shares as may hereafter be offered
                  or issued to prevent dilution resulting from stock splits,
                  stock dividends or similar transactions.

         (2)      The aggregate offering price and the registration fee have
                  been computed pursuant to Rule 457 under the Securities Act
                  upon the basis of $2.56 per share, being the average of high
                  and low prices of Common Stock reported on the Nasdaq National
                  Market on September 18, 2000.


                                       2
<PAGE>   3


                                     PART II

                             INFORMATION REQUIRED IN
                           THE REGISTRATION STATEMENT

ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE

         The following documents filed with the Securities and Exchange
Commission (the "Commission") are incorporated herein by reference:

         1. The Company's Annual Report on Form 10-K for the fiscal year ended
March 31, 2000.

         2. The Company's Quarterly Report on Form 10-Q for the fiscal quarter
ended June 30, 2000.

         3. All other reports filed pursuant to Section 13(a) or 15(d) of the
Exchange Act since March 31, 2000.

         4. The description of the Company's common stock, par value $.001 per
share, contained in the Company's Registration Statement on Form 8-A dated
November 24, 1999 as filed with the Commission (File No. 000-28275).

         All documents filed by the Company after the date hereof pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), prior to the filing of a post-effective amendment
which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold, shall be deemed incorporated by reference
herein and to be a part hereof from the date of filing of such documents.

ITEM 4. DESCRIPTION OF SECURITIES.

         Not applicable

ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.

         Not applicable


                                       3
<PAGE>   4


ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

         The Company is organized under the laws of the State of Delaware. The
Delaware General Corporation Law, as amended (the "Act"), provides that a
Delaware corporation has the power generally to indemnify its directors,
officers, employees and other agents (each, a "Corporate Agent") against
expenses and liabilities (including amounts paid in settlement) in connection
with any proceeding involving such person by reason of his being a Corporate
Agent, other than a proceeding by or in the right of the corporation, if such
person acted in good faith and in a manner he reasonably believed to be in or
not opposed to the best interests of the corporation and, with respect to any
criminal proceeding, such person had no reasonable cause to believe his conduct
was unlawful. In the case of an action brought by or in the right of the
corporation, indemnification of a Corporate Agent against expenses is permitted
if such person acted in good faith and in a manner he reasonably believed to be
in or not opposed to the best interests of the corporation, however, no
indemnification is permitted in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the corporation,
unless and only to the extent that the Court of Chancery or the court in which
such proceeding was brought shall determine upon application that despite the
adjudication of liability, but in view of all the circumstances of the case,
such person is fairly and reasonably entitled to such indemnification. To the
extent that a Corporate Agent has been successful on the merits of such
proceeding, whether or not by or in the right of the corporation, or in the
defense of any claim, issue or matter therein, the corporation is required to
indemnify the Corporate Agent for expenses in connection therewith. Expenses
incurred by a Corporate Agent in connection with a proceeding may, under certain
circumstances, be paid by the corporation in advance of the final disposition of
the proceeding as authorized by the board of directors. The power to indemnify
and advance expenses under the Act does not exclude other rights to which a
Corporate Agent may be entitled to under the certificate of incorporation,
bylaws, agreement, vote of stockholders or disinterested directors or otherwise.

         Under the Act, a Delaware corporation has the power to purchase and
maintain insurance on behalf of any Corporate Agent against any liabilities
asserted against and incurred by him in such capacity, whether or not the
corporation has the power to indemnify him against such liabilities under the
Act.

         As permitted by the Act, the Company's Certificate of Incorporation
contains provisions which limit the personal liability of directors for monetary
damages for breach of fiduciary duties as directors except to the extent such
limitation of liability is prohibited by the Act. In accordance with the


                                       4
<PAGE>   5


Act, these provisions do not limit the liability of any director for any breach
of the director's duty of loyalty to the Company or its stockholders; for acts
or omissions not in good faith or which involve intentional misconduct or a
knowing violation of law, for certain unlawful payments of dividends or stock
repurchases under Section 174 of the Act; or for any transaction from which the
director derives an improper personal benefit. These provisions do not limit the
rights of the Company or any stockholder to seek an injunction or any other
non-monetary relief in the event of a breach of a director's fiduciary duty. In
addition, these provisions apply only to claims against a director arising out
of his role as a director and do not relieve a director from liability for
violations of statutory law, such as certain liabilities imposed on a director
under the federal securities laws.

         In addition, the Company's Certificate of Incorporation and By-laws
provide for the indemnification of Corporate Agents for certain expenses,
judgments, fines and payments incurred by them in connection with the defense or
settlement of claims asserted against them in their capacities as Corporate
Agents to the fullest extent authorized by the Act. The Company seeks to limit
its exposure to liability for indemnification of directors and officers by
purchasing directors and officers liability insurance coverage.

         Reference is made to Sections 102(b)(7) and 145 of the Act in
connection with the above summary of indemnification, insurance and limitation
of liability.

         The purpose of these provisions is to assist the Company in retaining
qualified individuals to serve as officers, directors or other Corporate Agents
of the Company by limiting their exposure to personal liability for serving as
such.

ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

         Not applicable.


                                       5
<PAGE>   6


ITEM 8. EXHIBITS.

          The following are filed as exhibits to this registration statement.

Exhibit   Description

5         Opinion of Wolff & Samson, Counsel to the Company

23.1      Consent of Arthur Andersen LLP

23.2      Consent of Wolff & Samson (included in Exhibit No. 5)

24        Power of Attorney (included on the signature page)

ITEM 9. UNDERTAKINGS.

     A.   The undersigned registrant hereby undertakes:

          1. To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement to include any
material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such
information in the registration statement.

          2. That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed the initial bona fide
offering thereof.

          3. To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the offering.

     B. The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of any employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in this registration statement relating to the
securities offered therein, and the offering of such securities at the time
shall be deemed to be the initial bona fide offering thereof.

     C. Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been


                                       6
<PAGE>   7


advised that in the opinion of the Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.


                                       7
<PAGE>   8


                                   SIGNATURES

THE REGISTRANT

          Pursuant to the requirements of the Securities Act, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Plano, State of Texas on September 19, 2000.

                                              PFSweb, INC.



                                          By: /s/ Thomas J. Madden
                                              ----------------------------------
                                              Thomas J. Madden, Executive Vice
                                              President and Chief Financial and
                                              Accounting Officer


          Each person whose signature to this Registration Statement appears
below hereby appoints Thomas J. Madden and Harvey Achatz, or either of them, as
his attorney-in-fact to sign on his behalf individually and in the capacity
stated below and to file all amendments and post-effective amendments to this
Registration Statement, and any and all instruments or documents filed as a part
of or in connection with this Registration Statement or the amendments thereto,
and the attorney-in-fact, or either of them, may make such changes and additions
to this Registration Statement as the attorney-in-fact, or either of them, may
deem necessary or appropriate.


<PAGE>   9


          Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.

<TABLE>
<CAPTION>
Signature                                          Title                                   Date
---------                                          -----                                   ----
<S>                                                <C>                                     <C>

By: /s/ Mark C. Layton                             Chairman of the                         September 19,
    ----------------------                         Board, President, and                   2000
    Mark C. Layton                                 Chief Executive
                                                   Officer (Principal
                                                   Executive Officer)






By:/s/ Thomas J. Madden                            Executive Vice                          September 19,
   -----------------------                         President and Chief                     2000
    Thomas J. Madden                               Financial and
                                                   Accounting Officer
                                                   (Principal Financial
                                                   Officer and Principal
                                                   Accounting Officer)


By: /s/ Christopher Yates                          Director                                September 19,
    ---------------------                                                                  2000
    Christopher Yates




By: /s/ James R. Powell                            Director                                September 19,
    -------------------                                                                    2000
    James R. Powell




By: /s/ Timothy M. Murray                          Director                                September 19,
    ----------------------                                                                 2000
     Timothy M. Murray




By: /s/ James R. Reilly                            Director                                September 19,
    ---------------------                                                                  2000
     James R. Reilly


By: /s/ Peter P.J. Vikanis                         Director                                September 19,
    ----------------------                                                                 2000
     Peter P.J. Vikanis



By: /s/ Dr. Neil W. Jacobs                         Director                                September 19,
    ----------------------                                                                 2000
     Dr. Neil W. Jacobs
</TABLE>


<PAGE>   10


                                INDEX TO EXHIBITS

<TABLE>
<CAPTION>
Exhibit
Number            Description
-------           -----------
<S>               <C>
5                 Opinion of Wolff & Samson, Counsel to the Company

23.1              Consent of Arthur Andersen LLP

23.2              Consent of Wolff & Samson (included in Exhibit No. 5)

24                Power of Attorney (included on the signature page)
</TABLE>
[{"type": "S-8", "sequence": "1", "filename": "d80365s-8.txt", "description": "FORM S-8 - 2000 EMPLOYEE STOCK PURCHASE PLAN", "secsgml_size_bytes": 17851}]
{"company-data": {"conformed-name": "PFSWEB INC", "cik": "0001095315", "assigned-sic": "7389", "irs-number": "752837058", "state-of-incorporation": "DE"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-46096", "film-number": "725202"}, "business-address": {"street1": "500 NORTH CENTRAL EXPRESSWAY", "city": "PLANO", "state": "TX", "zip": "75074", "phone": "9728814700"}, "mail-address": {"street1": "500 NORTH CENTRAL EXPRESSWAY", "city": "PLANO", "state": "TX", "zip": "75074"}}
1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------

                                    FORM S-8

                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933

                                   ----------

                                  PFSWEB, INC.
             (Exact name of registrant as specified in its charter)

                  DELAWARE                                       75-2837058
       (State or other jurisdiction                           (I.R.S. Employer
     of incorporation or organization)                       Identification No.)

500 NORTH CENTRAL EXPRESSWAY, PLANO, TEXAS                          75074
 (Address of principal executive offices)                        (Zip Code)

                        2000 EMPLOYEE STOCK PURCHASE PLAN
                            (Full title of the plan)

                                 MARK C. LAYTON
                                  PFSweb, INC.
                          500 NORTH CENTRAL EXPRESSWAY
                               PLANO, TEXAS 75074
                     (Name and address of agent for service)

                                 (972) 881-2900
          (Telephone number, including area code of agent for service)

                                    copy to:
                             MORRIS BIENENFELD, ESQ.
                                 WOLFF & SAMSON
                               5 BECKER FARM ROAD
                               ROSELAND, NJ 07068
                                 (973) 533-6532
2

                         CALCULATION OF REGISTRATION FEE
Proposed                   Proposed
Title of                                      Maximum                    Maximum
Securities          Amount                    Offering                   Aggregate                 Amount of
to be               to be                     Price                      Offering                  Registration
Registered          Registered (1)            Per Share (2)              Price (2)                 Fee (2)
----------          --------------            -------------              ---------                 ------------
Common Stock,         250,000                   $  2.56                  $ 640,625                   $169.13
par value $.001
per share
----------

         (1)      Pursuant to Rule 416 under the Securities Act of 1933, as
                  amended (the "Securities Act"), this Registration Statement
                  also covers such additional shares as may hereafter be offered
                  or issued to prevent dilution resulting from stock splits,
                  stock dividends or similar transactions.

         (2)      The aggregate offering price and the registration fee have
                  been computed pursuant to Rule 457 under the Securities Act
                  upon the basis of $2.56 per share, being the average of high
                  and low prices of Common Stock reported on the Nasdaq National
                  Market on September 18, 2000.

                                       2
3

                                     PART II

                             INFORMATION REQUIRED IN
                           THE REGISTRATION STATEMENT

ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE

         The following documents filed with the Securities and Exchange
Commission (the "Commission") are incorporated herein by reference:

         1. The Company's Annual Report on Form 10-K for the fiscal year ended
March 31, 2000.

         2. The Company's Quarterly Report on Form 10-Q for the fiscal quarter
ended June 30, 2000.

         3. All other reports filed pursuant to Section 13(a) or 15(d) of the
Exchange Act since March 31, 2000.

         4. The description of the Company's common stock, par value $.001 per
share, contained in the Company's Registration Statement on Form 8-A dated
November 24, 1999 as filed with the Commission (File No. 000-28275).

         All documents filed by the Company after the date hereof pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), prior to the filing of a post-effective amendment
which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold, shall be deemed incorporated by reference
herein and to be a part hereof from the date of filing of such documents.

ITEM 4. DESCRIPTION OF SECURITIES.

         Not applicable

ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.

         Not applicable

                                       3
4

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

         The Company is organized under the laws of the State of Delaware. The
Delaware General Corporation Law, as amended (the "Act"), provides that a
Delaware corporation has the power generally to indemnify its directors,
officers, employees and other agents (each, a "Corporate Agent") against
expenses and liabilities (including amounts paid in settlement) in connection
with any proceeding involving such person by reason of his being a Corporate
Agent, other than a proceeding by or in the right of the corporation, if such
person acted in good faith and in a manner he reasonably believed to be in or
not opposed to the best interests of the corporation and, with respect to any
criminal proceeding, such person had no reasonable cause to believe his conduct
was unlawful. In the case of an action brought by or in the right of the
corporation, indemnification of a Corporate Agent against expenses is permitted
if such person acted in good faith and in a manner he reasonably believed to be
in or not opposed to the best interests of the corporation, however, no
indemnification is permitted in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the corporation,
unless and only to the extent that the Court of Chancery or the court in which
such proceeding was brought shall determine upon application that despite the
adjudication of liability, but in view of all the circumstances of the case,
such person is fairly and reasonably entitled to such indemnification. To the
extent that a Corporate Agent has been successful on the merits of such
proceeding, whether or not by or in the right of the corporation, or in the
defense of any claim, issue or matter therein, the corporation is required to
indemnify the Corporate Agent for expenses in connection therewith. Expenses
incurred by a Corporate Agent in connection with a proceeding may, under certain
circumstances, be paid by the corporation in advance of the final disposition of
the proceeding as authorized by the board of directors. The power to indemnify
and advance expenses under the Act does not exclude other rights to which a
Corporate Agent may be entitled to under the certificate of incorporation,
bylaws, agreement, vote of stockholders or disinterested directors or otherwise.

         Under the Act, a Delaware corporation has the power to purchase and
maintain insurance on behalf of any Corporate Agent against any liabilities
asserted against and incurred by him in such capacity, whether or not the
corporation has the power to indemnify him against such liabilities under the
Act.

         As permitted by the Act, the Company's Certificate of Incorporation
contains provisions which limit the personal liability of directors for monetary
damages for breach of fiduciary duties as directors except to the extent such
limitation of liability is prohibited by the Act. In accordance with the

                                       4
5

Act, these provisions do not limit the liability of any director for any breach
of the director's duty of loyalty to the Company or its stockholders; for acts
or omissions not in good faith or which involve intentional misconduct or a
knowing violation of law, for certain unlawful payments of dividends or stock
repurchases under Section 174 of the Act; or for any transaction from which the
director derives an improper personal benefit. These provisions do not limit the
rights of the Company or any stockholder to seek an injunction or any other
non-monetary relief in the event of a breach of a director's fiduciary duty. In
addition, these provisions apply only to claims against a director arising out
of his role as a director and do not relieve a director from liability for
violations of statutory law, such as certain liabilities imposed on a director
under the federal securities laws.

         In addition, the Company's Certificate of Incorporation and By-laws
provide for the indemnification of Corporate Agents for certain expenses,
judgments, fines and payments incurred by them in connection with the defense or
settlement of claims asserted against them in their capacities as Corporate
Agents to the fullest extent authorized by the Act. The Company seeks to limit
its exposure to liability for indemnification of directors and officers by
purchasing directors and officers liability insurance coverage.

         Reference is made to Sections 102(b)(7) and 145 of the Act in
connection with the above summary of indemnification, insurance and limitation
of liability.

         The purpose of these provisions is to assist the Company in retaining
qualified individuals to serve as officers, directors or other Corporate Agents
of the Company by limiting their exposure to personal liability for serving as
such.

ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

         Not applicable.

                                       5
6

ITEM 8. EXHIBITS.

          The following are filed as exhibits to this registration statement.

Exhibit   Description

5         Opinion of Wolff & Samson, Counsel to the Company

23.1      Consent of Arthur Andersen LLP

23.2      Consent of Wolff & Samson (included in Exhibit No. 5)

24        Power of Attorney (included on the signature page)

ITEM 9. UNDERTAKINGS.

     A.   The undersigned registrant hereby undertakes:

          1. To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement to include any
material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such
information in the registration statement.

          2. That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed the initial bona fide
offering thereof.

          3. To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the offering.

     B. The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of any employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in this registration statement relating to the
securities offered therein, and the offering of such securities at the time
shall be deemed to be the initial bona fide offering thereof.

     C. Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been

                                       6
7

advised that in the opinion of the Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.

                                       7
8

                                   SIGNATURES

THE REGISTRANT

          Pursuant to the requirements of the Securities Act, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Plano, State of Texas on September 19, 2000.

                                              PFSweb, INC.

                                          By: /s/ Thomas J. Madden
                                              ----------------------------------
                                              Thomas J. Madden, Executive Vice
                                              President and Chief Financial and
                                              Accounting Officer

          Each person whose signature to this Registration Statement appears
below hereby appoints Thomas J. Madden and Harvey Achatz, or either of them, as
his attorney-in-fact to sign on his behalf individually and in the capacity
stated below and to file all amendments and post-effective amendments to this
Registration Statement, and any and all instruments or documents filed as a part
of or in connection with this Registration Statement or the amendments thereto,
and the attorney-in-fact, or either of them, may make such changes and additions
to this Registration Statement as the attorney-in-fact, or either of them, may
deem necessary or appropriate.
9

          Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature                                          Title                                   Date
---------                                          -----                                   ----
By: /s/ Mark C. Layton                             Chairman of the                         September 19,
    ----------------------                         Board, President, and                   2000
    Mark C. Layton                                 Chief Executive
                                                   Officer (Principal
                                                   Executive Officer)

By:/s/ Thomas J. Madden                            Executive Vice                          September 19,
   -----------------------                         President and Chief                     2000
    Thomas J. Madden                               Financial and
                                                   Accounting Officer
                                                   (Principal Financial
                                                   Officer and Principal
                                                   Accounting Officer)

By: /s/ Christopher Yates                          Director                                September 19,
    ---------------------                                                                  2000
    Christopher Yates

By: /s/ James R. Powell                            Director                                September 19,
    -------------------                                                                    2000
    James R. Powell

By: /s/ Timothy M. Murray                          Director                                September 19,
    ----------------------                                                                 2000
     Timothy M. Murray

By: /s/ James R. Reilly                            Director                                September 19,
    ---------------------                                                                  2000
     James R. Reilly

By: /s/ Peter P.J. Vikanis                         Director                                September 19,
    ----------------------                                                                 2000
     Peter P.J. Vikanis

By: /s/ Dr. Neil W. Jacobs                         Director                                September 19,
    ----------------------                                                                 2000
     Dr. Neil W. Jacobs
10

                                INDEX TO EXHIBITS
Exhibit
Number            Description
-------           -----------
5                 Opinion of Wolff & Samson, Counsel to the Company

23.1              Consent of Arthur Andersen LLP

23.2              Consent of Wolff & Samson (included in Exhibit No. 5)

24                Power of Attorney (included on the signature page)