Exhibit 10(E)

                                 VF CORPORATION
         DISCRETIONARY MANAGEMENT INCENTIVE COMPENSATION PLAN - ANNUAL

A.   BASIC POLICY

     1.   Each year, the Board of Directors approves the performance goals for
          the Corporation, its domestic subsidiaries and the foreign components
          of the International Division. When the goals are attained, officers
          and key employees Corporate-wide are entitled to be considered for
          bonus payments that are recommended by management and presented to the
          Board for approval. Notwithstanding the foregoing, commencing with
          bonus awards payable in 1995 with respect to fiscal 1994 performance,
          persons who are designated as "executive officers" of the Corporation
          for purposes of and pursuant to Rule 16a-1(f) of the Securities
          Exchange Act of 1934 as of the end of the preceding fiscal year shall
          not be eligible for bonus consideration under the Plan.

     2.   Since Corporate goals (such as EPS) and Division Goals (such as
          Pre-tax Income) are separate and distinct, a Division that achieves
          its goal is eligible for bonus consideration even if the Corporate
          goal is not achieved.

B.   PERFORMANCE/REWARD RELATIONSHIPS

     1.   The Plan establishes a minimum level of performance to receive a bonus
          award. Conversely, a maximum level bonus payout is prescribed for
          achieving performances that are far above competitive levels.

     2.   The Plan is discretionary and the Board of Directors may make
          discretionary awards even if the minimum established performance level
          has not been achieved.

     3.   Determination of a bonus award is contingent upon the level of
          performance attained and the upward or downward variation from the
          Target Bonus.