Exhibit 10.66


                                  
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                               URT PROMISSORY NOTE

$700,000                                                     Hallandale, Florida
                                                                January 27, 1997

     FOR VALUE RECEIVED, the undersigned, PEACHES ENTERTAINMENT CORP. ("Maker"),
promises to pay to the order of URT INDUSTRIES,  INC. ("Payee"),  at its offices
located at 1180 East Hallandale Beach Boulevard,  Hallandale,  Florida 33009, or
at such other place as may be designated by the holder hereof, without offset or
deduction,  in lawful money of the United  States and in  immediately  available
funds,  the principal sum of SEVEN HUNDRED  THOUSAND  DOLLARS  ($700,000),  with
interest  thereon at the Prime Rate (as defined  below),  computed on the actual
days elapsed based on a 360-day year.

     For  purposes  of the  foregoing,  "Prime  Rate"  means  the rate per annum
announced by The Chase  Manhattan Bank, N.A. from time to time as its Prime Rate
in  effect  at its  principal  office  in the City of New  York,  which  rate of
interest may not be the lowest rate at which The Chase  Manhattan Bank will lend
money to its  customers,  and any change in the interest rate  resulting  from a
change in said Prime Rate shall be  effective on the same date as such change in
the Prime Rate.

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NOTE TO RECORDER: THIS INSTRUMENT HAS BEEN EXECUTED AND DELIVERED PURSUANT TO AN
ORDER OF THE UNITED STATES BANKRUPTCY COURT, SOUTHERN DISTRICT OF FLORIDA, IN
CASE NO. 96-20153-BKC-RBR (IN RE: PEACHES ENTERTAINMENT CORP.), WHICH ORDER
CONFIRMED THE PLAN OF REORGANIZATION FILED IN SUCH BANKRUPTCY PROCEEDING.
PURSUANT TO 11 U.S.C. ss.1146 OF THE UNITED STATES BANKRUPTCY CODE AND FLORIDA
ADMINISTRATIVE CODE RULE 12b-4.014(16), NO DOCUMENTARY STAMP TAX AND/OR
INTANGIBLE TAX IS DUE AND PAYABLE ON THIS INSTRUMENT.


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     Interest  shall  increase to the Prime Rate plus two percent (2%) per annum
upon the occurrence and during the continuance of an Event of Default hereunder.

     This note may be prepaid in whole or in part at any time without penalty or
premium.

     If any  payment of  interest  and/or  principal  hereunder  becomes due and
payable on a Saturday,  Sunday or business holiday in the state of Florida,  the
maturity  thereof  shall be extended to the next  succeeding  business  day, and
interest  shall be payable  thereon at the rate  herein  specified  during  such
extension.

     Principal  shall be due and  payable in four (4) equal  installments  to be
paid on the following dates (the "Installment Payment Dates"): February 3, 2000;
February 3, 2001;  February 3, 2002;  and February 3, 2003. On each  Installment
Payment  Date,  Maker also  shall pay to URT all  interest  that is accrued  and
unpaid, as of such Installment Payment Date, on the unpaid principal.  The final
payment of principal,  together with all accrued and unpaid  interest,  shall be
due and  payable  in full on  February  3, 2003.  Each  payment  made  hereunder
(including  any  prepayment)  shall be credited  first to interest  then due and
payable,  then to any other  charges  due and  payable,  and then the  remainder
thereof to the unpaid principal  balance of this Note, or in such other order as
URT may determine in its discretion.

     The term "Liabilities"  shall include the liability  evidenced by this note
and all other liabilities (for principal,  interest or other amounts), direct or
contingent,  joint, several or independent,  of the undersigned now or hereafter
existing,  due or to become  due to,  or held or to be held by,  URT for its own
account or as agent for another or others,  whether created directly or acquired
by assignment or otherwise. Upon the occurrence of any of the following, each of
which  shall  constitute  an  "Event  of  Default,"  this  note  and  all  other
Liabilities shall, at the option of URT, be accelerated and become

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immediately  due and payable in full  (except for (c) or (g), in which case such
acceleration  shall be immediate and  automatic):  (a) non-payment of any amount
due under this note or of any of the other  Liabilities shall occur; (b) failure
of Maker to perform  any of its  obligations  under the  Mortgage  and  Security
Agreement  executed and delivered by Maker in connection with this note; (c) the
undersigned shall be dissolved or become insolvent (however evidenced);  (d) the
suspension  of  business of the  undersigned  or the  issuance  of any  warrant,
process,  order of attachment,  garnishment or other lien and/or the filing of a
lien as a result thereof  against any of the property of the  undersigned  shall
occur;  (e) the  undersigned  shall  fail to  promptly  provide  URT  with  such
documentation  as URT  may  require  in  connection  with  this  note;  (f)  the
undersigned  shall make an assignment  for the benefit of creditors or a trustee
or receiver  shall be appointed for the  undersigned  or for any of the property
thereof; and (g) any proceeding shall be commenced by or against the undersigned
under  any  bankruptcy,   reorganization,   arrangement  of  debt,   insolvency,
readjustment of debt, receivership, liquidation, or dissolution law or statute.

     No delay on the part of URT in  exercising  any of its  options,  powers or
rights hereunder, nor any partial or single exercise thereof, shall constitute a
waiver thereof.  No waiver by URT of any default shall be effective unless given
in writing by an authorized  officer of URT, nor shall such waiver  operate as a
waiver of such default on another  occasion.  The rights and remedies  expressly
provided in this note are cumulative and not exclusive of any rights or remedies
which  URT  may  otherwise  have.  The  provisions   hereof  shall  survive  the
termination of this note and repayment of the loan evidenced hereby.

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     The undersigned  hereby expressly  waives demand,  presentment for payment,
notice of nonpayment, protest, notice of protest and all other notice, filing of
suit and diligence in collecting this note.

     The  signatory(ies)  below represent(s) and warrant(s) to URT that Maker is
in good  standing  under the laws of the place of its  formation and that his or
their  execution of this note on behalf of such entity has been duly  authorized
by all requisite actions of such entity.

     Notices to the undersigned  shall be deemed to have been duly given or made
when sent by URT to the  undersigned,  in writing,  by first class mail,  at the
address of the undersigned appearing on the records of URT. Notices to URT shall
be effective only after receipt by URT.

     The  undersigned  hereby  authorizes URT to record on its account books the
amount of URT's loan to the  undersigned  and all  payments  in respect  thereof
which recording shall, in the absence of manifest error, be conclusive as to the
outstanding principal amount of said loan.

     The  undersigned  agrees to pay all costs and expenses of URT in connection
with the execution,  collection and  enforcement of or provision of security for
this note,  including applicable taxes (including without limitation any Florida
documentary stamp tax and/or Florida  intangible tax) and reasonable  attorneys'
fees (including  without  limitation those for bankruptcy and appellate  matters
and those incurred  outside of litigation)  and attorneys'  expenses.  This note
shall be governed by and construed in  accordance  with the laws of the State of
Florida in all respects, including, without limitation, matters of construction,
validity and performance,  and the undersigned consents to service of process on
the undersigned at that address of the  undersigned  appearing on the records of
URT, by certified mail, return receipt requested (if possible), and such service
shall be deemed to be  complete  five (5) days after the same shall have been so
mailed. In addition, the undersigned

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hereby  irrevocably  waives, to the fullest extent it may effectively do so, the
defense of an  inconvenient  forum to the maintenance of any such lawsuit in any
jurisdiction.  The undersigned and URT hereby irrevocably waive trial by jury in
any court in  connection  with this  note,  and each  hereby  certifies  that no
representative  of the other has  expressly  or impliedly  represented  that the
other might not enforce this jury waiver.

     From time to time, without notice to any endorser(s) or guarantor(s),  this
note may be renewed, amended, modified or supplemented, in whole or in part, the
maturity date of this note may be extended,  the rate of interest  herein may be
changed,  fees in  consideration of loan extension and interest on late payments
of principal  and/or  interest may be imposed by the holder of this note and any
related  right or security  therefor may be waived,  exchanged,  surrendered  or
otherwise  dealt  with and any of the acts  specified  in this  note may be done
without affecting the liability of the maker, endorser(s) or guarantor(s),  each
of whom  agrees to remain  liable  under  this note  until the debt  represented
hereby is actually  paid in full to the holder.  The release of any party liable
upon or in respect to this note shall not release any other such party.

     Notwithstanding  anything  to  the  contrary  contained  herein,  or in the
Agreement (as defined below), or any other agreement between the undersigned and
the holder,  the effective rate of interest on the obligation  evidenced by this
note shall not exceed the maximum  effective  rate of interest  permitted  to be
paid from time to time under the laws of the State of Florida or the laws of the
United  States,  whichever is higher.  Without  limiting the  generality  of the
foregoing,  in the event the  calculation  of interest,  the  imposition  of the
increase  in the rate of  interest  after  default or the payment of any fees or
other charges which are construed to be interest  under the laws of the State of
Florida or the United States result in an effective rate of interest higher than
that permitted to be

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paid from time to time under such laws,  then such charges shall be reduced by a
sum  sufficient  to result in an effective  rate of interest no greater than the
maximum effective rate of interest  permitted to be paid from time to time under
such laws. Upon maturity of this loan, whether by acceleration or in due course,
interest shall be  recalculated  over the actual life of the loan based upon the
amounts  outstanding,  and if the total  amount of  interest  theretofore  paid,
inclusive of the sums  hereinabove  referred to, exceeds the amount permitted to
be paid from time to time  under the laws of the State of  Florida or the United
States,  whichever is higher,  the excess shall be credited to principal  or, if
such excess  exceeds the principal  amount then due  hereunder,  refunded to the
undersigned.

     This  note  is  issued  by  Maker  pursuant  to the  terms  of the  Plan of
Reorganization ("Plan"), filed with and approved by the United States Bankruptcy
Court for the Southern  District of Florida,  which became  effective on January
27, 1997. All capitalized terms not otherwise defined herein shall have the same
meanings as ascribed to them in the Plan.

     Repayment  of this note is  subject to a certain  Subordination  Agreement,
dated January 27, 1997, between and among the Majors, Alliance and URT.

     This note is secured by: (a) a lien on and security interest in the Majors'
Inventory Collateral and Alliance's Inventory Collateral in accordance with that
certain Mortgage and Security  Agreement  between Peaches and URT, dated January
27, 1997 (the  "Mortgage  and Security  Agreement"),  and that certain  Security
Agreement,  dated  January 27,  1997,  between  Peaches  and URT (the  "Security
Agreement"), (b) a lien on and security interest in Peaches' Other Inventory (as
defined in the Security Agreement), the Maker's personal property other than the
Majors'  Inventory  Collateral and Alliance's  Inventory  Collateral,  and (c) a
mortgage and security interest on and in

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certain real and related  personal  property owned by the Maker, as described in
the Mortgage and Security Agreement.

     This note may not be amended or modified orally, and may only be amended or
modified in a writing  executed and delivered by the party against whom any such
amendment or modification is sought to be enforced. In the event of any conflict
between  this  note and the Plan or any term  sheet on which  the Plan is based,
this note shall control.

Witness: s/Martha Rosende          Maker:       Peaches Entertainment Corp.
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                                                By:       s/Jason Wolk
                                                   --------------------------
                                                Name:   Jason Wolk
                                                Title:     Ex. Vice-President



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