LETTER OF DEFAULT
                         ON PROMISSORY NOTE






                                   Date: _








To: _








     Reference is made to a certain promissory note under date
of _, 19_, in the original amount of $_.
     You have defaulted under said note in that the
installment due on _, 19_, in the amount of $_ has not been
paid.
     Accordingly, demand is hereby made upon you for full
payment of the entire balance on said note in the amount of
$_, including accrued interest to date.
     In the event the entire balance is not paid within the
next seven days, I shall refer this matter to an attorney
resulting in additional costs of collection.




                                   Very truly,








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