EXHIBIT 10.4

EXECUTION COPY

CONSENT AND AMENDMENT

                     CONSENT AND AMENDMENT, dated as of August 11, 2003 (this
“Amendment”), under the CREDIT AGREEMENT, dated as of November 18, 1997, as
amended and restated as of dated as of July 2, 2003 (the “Credit Agreement”),
among BALLY TOTAL FITNESS HOLDING CORPORATION, a Delaware corporation (the
“Borrower”), the lenders parties thereto (the “Lenders”), JPMORGAN CHASE BANK,
as agent for the Lenders (the “Agent”), DEUTSCHE BANK TRUST COMPANY AMERICAS, as
Syndication Agent, and LASALLE BANK NATIONAL ASSOCIATION, as Documentation
Agent. Terms used herein, but not defined, shall have the respective meanings
set forth in the Credit Agreement.

W I T N E S S E T H:

                     WHEREAS, pursuant to the provisions of Section 10.06 of the
Credit Agreement and the definition of “Revolving Credit Commitment Amount” in
Section 1.01 of the Credit Agreement, the undersigned may effect a Revolving
Credit Commitment Amount Increase; and

                     WHEREAS, the Borrower has requested, and the undersigned
Agent and Lender wish to consent to, such a Revolving Credit Commitment Amount
Increase and certain associated amendments to the Credit Agreement;

                     NOW, THEREFORE, the parties hereto hereby agree as follows:

                     1.       Revolving Credit Commitment Amount Increase.
Pursuant to Section 10.06 of the Credit Agreement and the definition of
“Revolving Credit Commitment Amount” in Section 1.01 of the Credit Agreement,
the Borrower hereby requests a Revolving Credit Commitment Amount Increase in
the aggregate principal amount of $10,000,000, such Revolving Credit Commitment
Amount Increase shall be provided by General Electric Capital Corporation (the
“New Lender”) and the Agent and the New Lender each consent to such Revolving
Credit Commitment Amount Increase.

                     2.       New Lender. (a) The New Lender agrees to be bound
by the provisions of the Credit Agreement, and agrees that it shall, as of the
Effective Date (as defined below), become a Lender for all purposes of the
Credit Agreement and of the other Loan Documents to the same extent as if
originally a party thereto, with a Revolving Credit Commitment of $10,000,000.
Without limitation of the foregoing, on the Effective Date the New Lender shall
acquire an undivided participating interest in each outstanding Letter of Credit
in accordance with Section 2.19 of the Credit Agreement.

                     (b) The New Lender (i) represents and warrants that it is
legally authorized to enter into this Consent and Amendment; (ii) confirms that
it has received a copy of the Credit Agreement, together with copies of the
financial statements referred to in Section 5.13 thereof and such other
documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Consent and Amendment; (iii) agrees
that it has made and will, independently and without reliance upon the Agent or
any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement or any instrument or document
furnished pursuant hereto or thereto; (iv) appoints and authorizes the Agent to
take

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such action as administrative agent on its behalf and to exercise such powers
and discretion under the Credit Agreement and the other Loan Documents or any
instrument or document furnished pursuant hereto or thereto as are delegated to
the Agent by the terms thereof, together with such powers as are incidental
thereto; and (v) agrees that it will be bound by the provisions of the Credit
Agreement and the other Loan Documents and will perform in accordance with its
terms all the obligations which by the terms of the Credit Agreement are
required to be performed by it as a Lender including, without limitation, if it
is organized under the laws of a jurisdiction outside the United States, its
obligation pursuant to Section 2.16 of the Credit Agreement.

                     (c) The New Lender’s address for notices for the purposes
of the Credit Agreement is as follows:

                          General Electric Capital Corporation
                          Corporate Financial Services
                          201 High Ridge Road
                          Stamford, CT  06927-5100
                          Attention: Josephine Takami
                          Telephone: (203) 316-7710
                          Telecopy: (203) 602-8344

                     3.       Amendments. Pursuant to Section 10.06 of the
Credit Agreement, the Borrower and the Agent hereby amend (a) the definition of
the term “Revolving Credit Commitment Amount” as such term appears in Section
1.01 of the Credit Agreement by deleting “$90,000,000” therein and inserting in
lieu thereof “$100,000,000” and (b) Exhibit C (List of Commitment Percentages)
to the Credit Agreement by deleting such Exhibit in its entirety and inserting
in lieu thereof the replacement Exhibit C attached to this Consent and
Amendment. Notwithstanding other provisions of the Credit Agreement to the
contrary, the Borrower shall pay interest, fees and commissions with respect to
the New Lender’s Revolving Credit Commitment as appropriate to reflect the
period of time for which the New Lender has been a Lender.

                     4.       Conditions to Effectiveness of this Consent and
Amendment. This Consent and Amendment shall become effective (the “Effective
Date”) at such time as the Agent shall have received (i) counterparts of this
Consent and Amendment duly executed and delivered by a duly authorized officer
of each of the Borrower, each Guarantor, the New Lender and the Agent and (ii) a
certificate of the Borrower stating that the Revolving Credit Commitment Amount
Increase referred to in Section 1 above does not violate (x) the terms of the
1997 Indenture or the 1998 Indenture and that all Obligations incurred under the
Credit Documents constitute Senior Indebtedness (as defined in the 1997
Indenture and the 1998 Indenture) and (y) the terms of the Senior Unsecured
Notes Indenture and all Obligations incurred under the Credit Documents
constitute Senior Debt (as defined in the Senior Unsecured Notes Indenture).

                     5.       Representations and Warranties. The Borrower
represents and warrants to each Lender that as of the Effective Date, prior to
giving effect to this Consent and Amendment and after giving effect to this
Consent and Amendment, (i) the representations and warranties made by the Credit
Parties in the Credit Documents are true and correct in all material respects on
and as of the date hereof (except to the extent that such representations and
warranties are expressly stated to relate to an earlier date, in which case such
representations and warranties

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shall have been true and correct in all material respects on and as of such
earlier date) and (ii) no Default or Event of Default shall have occurred and be
continuing as of the date hereof.

                     6.       Guarantor Acknowledgement. Each Guarantor hereby
acknowledges and agrees, with respect to each of the Guarantees and Collateral
Documents (as such term is defined in the Confirmation and Consent) and other
Loan Documents that it has executed, that:

                     (a) the obligations of the Borrower under the Credit
Agreement are increased pursuant to this Amendment and Consent;

                     (b) all of its obligations, liabilities, indebtedness and
Liens under the Guarantees and Collateral Documents and the other Loan Documents
remain in full force and effect on a continuous basis, unpaid, unimpaired,
uninterrupted and undischarged, after giving effect to this Consent and
Amendment and the Revolving Credit Commitment Amount Increase provided pursuant
hereto; and

                     (c) all of the Liens and security interests created and
arising under the Guarantees and Collateral Documents and the other Loan
Documents remain in full force and effect on a continuous basis, unpaid,
unimpaired, uninterrupted and undischarged, and having the same perfected status
and priority, after giving effect to this Consent and Amendment and the
Revolving Credit Commitment Amount Increase provided pursuant hereto, as
collateral security for the Obligations (including Obligations in respect of the
Revolving Credit Commitment Amount Increase).

                     7.       Counterparts. This Consent and Amendment may be
executed by one or more of the parties hereto on any number of separate
counterparts (including by facsimile transmission), and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.

                     8.       Continuing Effect; No Other Amendments. Except to
the extent the Credit Agreement is expressly amended hereby, all of the terms
and provisions of the Credit Agreement and the other Credit Documents are and
shall remain in full force and effect. This Consent and Amendment shall
constitute a Credit Document.

                     9.       GOVERNING LAW. THIS CONSENT AND AMENDMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

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                     IN WITNESS WHEREOF, the parties hereto have caused this
Consent and Amendment to be duly executed and delivered by their proper and duly
authorized officers as of the day and year first above written.

                                      BALLY TOTAL FITNESS HOLDING CORPORATION

                                        By: _____________________________
                                            Name:
                                            Title:

                                      BALLY'S FITNESS AND RACQUET CLUBS, INC.
                                      BALLY FITNESS FRANCHISING, INC.
                                      BALLY FRANCHISE RSC, INC.
                                      BALLY FRANCHISING HOLDINGS, INC.
                                      BALLY TOTAL FITNESS CLINICS, INC.
                                      BALLY TOTAL FITNESS CORPORATION
                                      BALLY TOTAL FITNESS HOLDING CORPORATION
                                      BALLY TOTAL FITNESS INTERNATIONAL, INC.
                                      BALLY TOTAL FITNESS OF MISSOURI, INC.
                                      BALLY TOTAL FITNESS OF TOLEDO, INC.
                                      BFIT REHAB OF BOCA RATON, INC.
                                      BFIT REHAB OF KENDALL, INC.
                                      BFIT REHAB OF WEST PALM BEACH, INC.
                                      BFIT REHABILITATION SERVICES, INC.
                                      CONNECTICUT COAST FITNESS CENTERS, INC.
                                      CONNECTICUT VALLEY FITNESS CENTERS, INC.
                                      GREATER PHILLY NO. 1 HOLDING COMPANY
                                      GREATER PHILLY NO. 2 HOLDING COMPANY
                                      HEALTH & TENNIS CORPORATION OF NEW
                                      YORK
                                      HOLIDAY HEALTH & FITNESS CENTERS OF NEW
                                         YORK, INC.
                                      HOLIDAY HEALTH CLUBS AND FITNESS
                                            CENTERS, INC.
                                      HOLIDAY HEALTH CLUBS OF THE SOUTHEAST,
                                            INC.
                                      HOLIDAY HEALTH CLUBS OF THE EAST COAST,
                                            INC.
                                      HOLIDAY/SOUTHEAST HOLDING CORP.
                                      HOLIDAY SPA HEALTH CLUBS OF CALIFORNIA
                                      HOLIDAY UNIVERSAL, INC.
                                      JACK LALANNE FITNESS CENTERS, INC.
                                      JACK LALANNE HOLDING CORP.
                                      MANHATTAN SPORTS CLUB, INC.

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                                      NEW FITNESS HOLDING CO., INC.
                                      NYCON HOLDING CO., INC.
                                      PHYSICAL FITNESS CENTERS OF PHILADELPHIA,
                                         INC.
                                      PROVIDENCE FITNESS CENTERS, INC.
                                      POWERFLEX CORPORATION
                                      RHODE ISLAND HOLDING COMPANY
                                      SCANDINAVIAN HEALTH SPA, INC.
                                      SCANDINAVIAN U.S. SWIM & FITNESS, INC.
                                      TIDELANDS HOLIDAY HEALTH CLUBS, INC.
                                      U.S. HEALTH, INC.
                                      59TH STREET GYM LLC
                                      708 GYM LLC
                                      ACE, LLC
                                      CRUNCH FITNESS INTERNATIONAL, INC.
                                      CRUNCH L.A. LLC
                                      CRUNCH WORLD LLC
                                      FLAMBE LLC
                                      MISSION IMPOSSIBLE, LLC
                                      SOHO HO LLC
                                      SPORTSLIFE GWINNETT, INC.
                                      SPORTSLIFE, INC.
                                      SPORTSLIFE ROSWELL, INC.
                                      SPORTSLIFE STONE MOUNTAIN, INC.
                                      SPORTSLIFE TOWN CENTER II, INC.
                                      WEST VILLAGE GYM AT THE ARCHIVES LLC

                                      By:   ___________________________________________
                                            Name:
                                            Title: ____________________________________
                                                   for each of the Guarantors listed above

                                      JPMORGAN CHASE BANK, as Agent

                                      By:   ___________________________________
                                            Name:
                                            Title:

                                      GENERAL ELECTRIC CAPITAL CORPORATION, as
                                      New Lender

                                      By:   ___________________________________
                                            Name:
                                            Title:

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EXHIBIT C
to the Credit Agreement

LIST OF COMMITMENT PERCENTAGES

         |======================================|===============|===============|
         |                                      | Revolving     | Commitment    |
         |                                      | Credit        | Percentage    |
         |                                      | Commitment    |               |
         | Lender                               |               |               |
         |======================================|===============|===============|
         | JPMorgan Chase Bank                  |   $20,000,000 |      20.0000% |
         |--------------------------------------|---------------|---------------|
         | Deutsche Bank Trust Company Americas |   $20,000,000 |      20.0000% |
         |--------------------------------------|---------------|---------------|
         | LaSalle Bank, National Association   |   $20,000,000 |      20.0000% |
         |--------------------------------------|---------------|---------------|
         | Bank One, N.A.                       |   $10,000,000 |      10.0000% |
         |--------------------------------------|---------------|---------------|
         | US Bank National Association         |   $10,000,000 |      10.0000% |
         |--------------------------------------|---------------|---------------|
         | Wells Fargo Bank, N.A.               |   $10,000,000 |      10.0000% |
         |--------------------------------------|---------------|---------------|
         | General Electric Capital Corporation |   $10,000,000 |      10.0000% |
         |--------------------------------------|---------------|---------------|
         | TOTAL:                               |  $100,000,000 |          100% |
         |======================================|===============|===============|