Form: SC TO-I/A

Issuer tender offer statement

March 1, 2002

MEMORANDUM TO ALL ELIGIBLE OPTION SWAP PARTICIPANT

Published on March 1, 2002


EXHIBIT (a)(10)

MEMORANDUM

To: All Eligible Option Swap Participants

From: Gary Hourihan

Date: March 1, 2002

Subject: Some Helpful Information

Now that you have received the Offer of Exchange explaining the stock
option/SAR swap program, many of you likely have questions about how best to
decide whether to participate and which options/SARs to forfeit if you decide to
participate. An important input in making this decision is to understand the
price that Korn/Ferry stock would need to reach in order for you to be better
off retaining your existing options or SARs. Determining this price depends
primarily on three variables:

. The exercise price of the options/SARs you forfeit
. The eventual grant price of the replacement options/SARs
. The number of existing options/SAR you must forfeit for each new
option/SAR received (the swap ratio)

Unfortunately, one of these variables is not known today, since the
exercise price of the replacement options/SARs will represent our closing market
price on the date the replacement options/SARs are granted. However, it is
possible to develop a table that illustrates, assuming various exercise prices
for the replacement options/SARs, the price that Korn/Ferry stock would need to
reach for someone to be better off holding their existing options/SARs.

As an aid to helping you make a decision regarding the swap, I have
developed the attached table covering the major past option/SAR grants,
including:

. The IPO grant on 2/10/99 at $14.00
. The FY99 performance grant on 4/20/99 at $13.4375
. The special principal and new partner grant on 3/31/00 at $29.75
. The FY00 performance grant on 6/6/00 at $22.4375
. The FY01 performance grant on 6/27/01 at $16.04

The table is read as follows:

. The left column lists different illustrative exercise prices for the
replacement options/SARs.

. The top row lists exercise prices for our major existing option/SAR
grants.
. The dollar figures in the table represent the price that our stock
would need to reach prior to the expiration of the replacement
options/SARs for the existing options/SARs to be worth more than the
replacement grant.

For example, the table illustrates that our stock price would need to
reach at least $30.73 for an FY00 performance option/SAR (granted at $22.4375)
to be more valuable than the replacement options/SARs received from the swap if
the exercise price of the replacement grant is $10.00. If the exercise price of
the replacement grant is $7.00, our stock would need to reach $32.73 for the
existing option/SAR to be worth more. Similarly, our stock would need to reach
$27.39 if the exercise price of the replacement grant is $15.00.

No single analysis can determine whether swapping a particular option or
SAR makes sense. Such a decision depends on multiple factors, including but not
limited to (a) the exercise price of the option/SAR being forfeited, (b) our
eventual stock price on the date of the replacement grants, (c) individual
perspectives on our longer-term stock price performance, (d) each individual's
personal time horizon, and (e) special factors that may be applicable to certain
individuals, such as local tax issues. This being said, the attached table is
intended to provide input that hopefully will help in making an informed
decision.

As described in the Offer to Exchange, neither Management nor the Board of
Directors makes any recommendation as to whether you should elect to exchange or
refrain from electing to exchange your options/SARs. You must make your own
decision on this matter. The attached table is for information only.

OPTION/SAR SWAP BREAKEVEN ANALYSIS/(1)/

- --------------------
Stock Price
on Date of
------------------------------------------------------------
Replacement Exercise Price of Original Option
Grant $13.4375 $14.00 $16.04 $22.4375 $29.75
- --------------------------------------------------------------------------------
$ 5.00 $30.30 $32.00 $30.77 $34.06 $42.12
$ 6.00 $28.30 $30.00 $29.43 $33.39 $41.62
$ 7.00 $26.30 $28.00 $28.09 $32.73 $41.13
$ 8.00 $24.30 $26.00 $26.77 $32.06 $40.62
$ 9.00 $22.30 $24.00 $25.43 $31.39 $40.13
$10.00 $20.30 $22.00 $24.09 $30.73 $39.62
$11.00 $18.30 $20.00 $22.77 $30.06 $39.13
$12.00 $16.30 $18.00 $21.43 $29.39 $38.62
$13.00 $14.30 $16.00 $20.09 $28.73 $38.13
$14.00 Never Never $18.77 $28.06 $37.62
$15.00 Never Never $17.43 $27.39 $37.13
$16.00 Never Never $16.09 $26.73 $36.62
$17.00 Never Never Never $26.06 $36.13
$18.00 Never Never Never $25.39 $35.62
$19.00 Never Never Never $24.73 $35.13
$20.00 Never Never Never $24.06 $34.62
- --------------------------------------------------------------------------------

(1) Dollar figures within table illustrate the price that Korn/Ferry stock
must attain prior to the expiration date of the replacement option or SAR
for the existing option/SAR to be worth more than the replacement
option/SAR.