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                                                                  EXHIBIT 10.11
                             PROGRAMMED LENDING NOTE

$5,000,000.00                                                      MAY 31, 1999
-------------                                                      ------------

      The undersigned jointly and severally promise(s) to pay to the order of
FIRST NATIONAL BANK AND TRUST CO. OF KEARNEY ("Lender") the sum of FIVE MILLION
AND NO/100                                                             DOLLARS,
          -------------------------------------------------------------
or so much thereof as may be advanced from time to time, with interest at the
rate set forth below (calculated on the basis of actual days elapsed in a 365
day year) on the unpaid principal balance until this Note is fully paid.
Principal and interest shall be payable at Lender's office, or at such other
place as the holder hereof may designate, in lawful money of the United States.
Unless otherwise provided herein all payments shall be applied first to accrued
interest and the balance to principal.
          The interest rate of this Note shall be:
                an annual rate of   %.
                an annual rate                       Lender's Reference Rate as
                established from time to time,
          each change in the interest rate to be effective on the day of a
          change in the Reference Rate.  The initial interest rate
          shall be        %.
                an annual rate                       Lender's Reference Rate,
          to be adjusted on the         day of each                  during the
          term of this Note.  The initial interest rate shall be           %.
            X   an annual rate        0.00% ABOVE NEW YORK PRIME AS PUBLISHED
          IN THE WALL STREET JOURNAL AS ESTABLISHED FROM TIME TO TIME . The
initial rate shall be 8.50 %. Interest after maturity (whether this Note matures
by demand, acceleration or lapse of time) shall be charged on the outstanding
principal of default at % above the rate at maturity or X 16.0% ("Default
Rate"). In no event shall the interest charged on this Note exceed the maximum
rate, if any, allowed by law.
      Principal and interest shall be due in a single payment on N/A or as
follows: MONTHLY INTEREST PAYMENTS DUE BEGINNING JULY 1, 1999, AND CONTINUING
MONTHLY THEREAFTER; and, if not sooner paid, all unpaid principal and accrued
interest shall be due and payable on MAY 31, 2000
      X (Check if applicable) If any payment of principal or interest is not
paid within 15 days after the due date, a late charge of four percent(4%) of the
amount of the delinquent payment may be assessed by the holder; provided,
however, that nothing in this paragraph shall limit or affect the holder's right
to accelerate the sums owing under this Note as set forth below or any other
rights and remedies of the holder hereunder or under the Loan Documents (as
defined below).
      The term "Lender's Reference Rate" shall mean a rate established by the
Lender from time to time for its internal use and guidance in the pricing of
loans. Lender may, at its sole discretion, change its Reference Rate and the
undersigned agree(s) that Lender is not obligated to give notice of changes in
Lender's Reference Rate or other index used for establishing the interest rate
of this Note. No representation is made that Lender's Reference Rate or other
index used for establishing the interest rate of this Note is either the lowest,
the best or a favored rate.
      This obligation may be prepaid, in whole or in part, at any time without
penalty. Any partial prepayment shall not postpone the due date or change the
amount of any subsequent installments.
      All advances under this Note made after maturity, if any, are subject to
all terms and conditions hereof and are due and payable on demand; provided that
Lender has no obligation to make any advances or readvances after maturity.
      Upon non-payment of any installment of principal or interest when due; or
if holder shall at any time believe that the prospect of timely payment of this
Note is impaired; or upon the death, dissolution, termination of existence,
insolvency, business failure or appointment of a receiver of any part of the
property of, or upon any assignment for the benefit of creditors by, any
maker(s), endorser(s), surety(ies) or guarantor(s) of this Note; or upon the
occurrence of any event of default under any of the Loan Documents; the holder
shall have the right to declare the entire balance due and payable without
notice. If this Note is payable on demand nothing contained herein shall prevent
the holder from demanding payment of this Note at any time and for any reason
without prior notice. The failure of the holder to exercise this option to
accelerate, or to exercise any other right or remedy hereunder or under the Loan
Documents, shall not constitute a waiver of such option, right or remedy, and
the holder may exercise such option, right or remedy during any existing or
subsequent default regardless of any prior forbearance.
      The undersigned agree(s) to pay all costs, fees and expenses incurred by
the holder in connection with any action taken to collect any sums due hereunder
or under the Loan Documents, to enforce any provisions hereof or of the Loan
Documents, or to protect any of the holder's rights hereunder or under the Loan
Documents (collectively, "Costs"). Such Costs shall include, but not be limited
to, costs of title searches, commitments and policies, sums advanced to
discharge liens on or otherwise to protect any collateral for this Note, and
unless prohibited by law reasonable attorney fees. Such Costs shall be added to
the principal sum due hereunder and draw interest at the Default Rate.
      Lender shall have at all times a security interest in and right of set-off
against the balances in any deposit account with respect to which the maker(s)
and endorser(s) hereof, or any of them, are parties, and may at any time,
without notice, apply


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the same against payment of this Note or any other obligation of the undersigned
to Lender, whether due or not, regardless of the existence or amount of any
other security held by Lender.
      The holder hereof may without notice to or consent of, and without
releasing or diminishing the liability of, any maker or endorser of this Note:
(i) agree with any maker hereof to modify the rate or any terms of payment of
this Note, or any terms of the Loan Documents without limitation; (ii) sell,
exchange, cancel, release, surrender, realize upon or otherwise deal with in any
manner and in any order all or any part of any collateral securing this Note; or
(iii) release any party to this Note. Each maker and endorser waives
presentment, demand, notice of dishonor and protest, and consents to any number
of extensions and renewals for any periods without notice. The undersigned
agree(s) that each provision
whose box is checked is part of this Note. This Note shall be the joint and
several obligation of all makers, sureties, guarantors and endorsers and shall
be binding upon each of them, their successors and assigns. This Note shall be
governed by the laws of the State of Nebraska.
      This Note is governed by, and Lender is entitled to the benefits of, any
and all loan agreement(s), security agreement(s), mortgage(s), deed(s) of trust,
and other security documents executed by the undersigned, or any of them, in
favor of Lender, including without limitation LOAN AGREEMENT DATED 5-31-99
(collectively, "Loan Documents").

      These funds are advanced for the purpose of WORKING CAPITAL
--------------------------                      --------------------------
                                                  THE BUCKLE, INC.

                                             BY   DENNIS H, NELSON
--------------------------                       --------------------------
Note No.              LINE 229351     Address PO BOX 1480   KEARNEY NE  68848
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