Re: Temporary Salary Reduction Program

Exhibit 10.5

July 27, 2009

Jeffrey M. Stamps
100 E. RiverCenter Blvd.
Suite 1600
Covington, KY 41011

          Re:     Temporary Salary Reduction Program

Dear Jeffrey:

          As you know, Omnicare is implementing a temporary salary reduction program. During the period of Omnicare’s temporary salary reduction program, your regular base salary will be reduced by five percent (5%) from its current level. This salary reduction is retroactive and became effective July 5, 2009. By executing this letter where indicated below, you acknowledge that you were notified of such salary reduction prior to such effective date.

          The salary reduction does not constitute a breach of, or a failure by Omnicare or any of its affiliates to observe or perform any of their obligations under, your employment agreement with Omnicare, dated June 1, 1999 (the “Employment Agreement”) or any other agreement you