EXHIBIT 1

                  BUSINESS LOAN AGREEMENT, DATED APRIL 14, 2000
                       BETWEEN UTAH MEDICAL PRODUCTS, INC.
                        AND KEYBANK NATIONAL ASSOCIATION

                           FILED IN ELECTRONIC FORMAT

                             BUSINESS LOAN AGREEMENT


BORROWER: UTAH MEDICAL PRODUCTS, INC     LENDER:    KEYBANK NATIONAL ASSOCIATION
          7043 SOUTH 300 WEST                  CENTRAL COMMERCIAL BANKING CENTER
          MIDVALE, UT  84047                       P.O.  BOX  30815
                                                   505   MAIN   ST,  SUITE  2007
                                                   SALT LAKE CITY, UT 84130-0815


THIS  BUSINESS  LOAN  AGREEMENT BETWEEN UTAH MEDICAL PRODUCTS, INC. ("BORROWER")
AND  KEYBANK  NATIONAL  ASSOCIATION  ("LENDER")  IS  MADE  AND  EXECUTED  ON THE
FOLLOWING  TERMS  AND  CONDITIONS.  BORROWER HAS RECEIVED PRIOR COMMERCIAL LOANS
FROM  LENDER  OR  HAS APPLIED TO LENDER FOR A COMMERCIAL LOAN OR LOANS AND OTHER
FINANCIAL  ACCOMMODATIONS, INCLUDING THOSE WHICH MAY BE DESCRIBED ON ANY EXHIBIT
OR  SCHEDULE  ATTACHED  TO  THIS  AGREEMENT.  ALL  SUCH  LOANS  AND  FINANCIAL
ACCOMMODATIONS, TOGETHER WITH ALL FUTURE LOANS AND FINANCIAL ACCOMMODATIONS FROM
LENDER TO BORROWER, ARE REFERRED TO IN THIS AGREEMENT INDIVIDUALLY AS THE "LOAN"
AND  COLLECTIVELY  AS  THE "LOANS." BORROWER UNDERSTANDS AND AGREES THAT: (A) IN
GRANTING,  RENEWING,  OR  EXTENDING  ANY LOAN, LENDER IS RELYING UPON BORROWER'S
REPRESENTATIONS, WARRANTIES, AND AGREEMENTS, AS SET FORTH IN THIS AGREEMENT; (B)
THE GRANTING, RENEWING, OR EXTENDING OF ANY LOAN BY LENDER AT ALL TIMES SHALL BE
SUBJECT  TO  LENDER'S SOLE JUDGMENT AND DISCRETION; AND (C) ALL SUCH LOANS SHALL
BE  AND  SHALL  REMAIN  SUBJECT  TO  THE  FOLLOWING TERMS AND CONDITIONS OF THIS
AGREEMENT.



TERM.  This  Agreement  shall  be  effective  as  of  APRIL  14, 2000, and shall
continue  thereafter  until  all  Indebtedness  of  Borrower  to Lender has been
performed  in  full  and  the  parties  terminate  this  Agreement  in  writing.

DEFINITIONS.  The following words shall have the following meanings when used in
this  Agreement.  Terms  not  otherwise defined in this Agreement shall have the
meanings attributed to such terms in the Uniform Commercial Code. All references
to  dollar  amounts  shall  mean amounts in lawful money of the United States of
America.


     AGREEMENT.  The  word  "Agreement"  means  this Business Loan Agreement, as
this  Business  Loan Agreement  may be amended or modified  from time  to  time,
together  with  all  exhibits  and  schedules  attached  to  this  Business Loan
Agreement  from  time  to  time.


     BORROWER.  The word  "Borrower"  means UTAH MEDICAL PRODUCTS, INC. The word
"Borrower"  also  includes,  as  applicable,  all subsidiaries and affiliates of
Borrower  as  provided  below  in  the  paragraph  titled  "Subsidiaries  and
Affiliates."

     CERCLA.  The  word "CERCLA" means the Comprehensive Environmental Response,
Compensation,  and  Liability  Act  of  1980,  as  amended.

     COLLATERAL.  The word Collateral" means and includes without limitation all
property  and  assets granted as collateral security for a Loan, whether real or
personal  property,  whether granted directly or indirectly, whether granted now
or  in  the  future,  and  whether  granted  in the form of a security interest,
mortgage,  deed  of  trust, assignment, pledge, chattel mortgage, chattel trust,
factors  lien,  equipment  trust, conditional sale, trust receipt, lien, charge,
lien  or  title  retention contract, lease or consignment intended as a security
device,  or  any  other security or lien interest whatsoever, whether created by
law,  contract,  or  otherwise.

     ERISA.  The  word "ERISA" means the Employee Retirement Income Security Act
of  1974,  as  amended.

     EVENT  OF  DEFAULT.  The  words "Event of Default" mean and include without
limitation  any  of  the Events of Default set forth below in the section titled
"EVENTS  OF  DEFAULT."

     GRANTOR.  The word "Grantor" means and includes without limitation each and
all  of  the  persons or entities granting a Security Interest in any Collateral
for the Indebtedness, including without limitation all Borrowers granting such a
Security  Interest.

     GUARANTOR.  The word "Guarantor" means and includes without limitation each
and  all  of  the  guarantors, sureties, and accommodation parties in connection
with  any  Indebtedness.

     INDEBTEDNESS.  The  word  "Indebtedness"  means  and  includes  without
limitation all Loans, together with all other obligations, debts and liabilities
of  Borrower  to  Lender,  or  any one or more of them, as well as all claims by
Lender  against  Borrower,  or any one or more of them; whether now or hereafter
existing,  voluntary  or  involuntary,  due  or not due, absolute or contingent,
liquidated  or  unliquidated;  whether  Borrower  may  be liable individually or
jointly  with  others; whether Borrower may be obligated as a guarantor, surety,
or  otherwise;  whether  recovery upon such Indebtedness may be or hereafter may
become  barred  by any statute of limitations; and whether such Indebtedness may
be  or  hereafter  may  become  otherwise  unenforceable.

     LENDER.  The  word  "Lender"  means  KEYBANK  NATIONAL  ASSOCIATION,  its
successors  and  assigns.

     LOAN.  The word "Loan" or "Loans" means and includes without limitation any
and  all  commercial loans and financial accommodations from Lender to Borrower,
whether  now  or  hereafter  existing,  and however evidenced, including without
limitation  those  loans  and  financial  accommodations  described  herein  or
described  on  any  exhibit  or schedule attached to this Agreement from time to
time.

     NOTE.  The  word  "Note"  means  and  includes without limitation Borrowers
promissory note or notes, if any, evidencing Borrowers Loan obligations in favor
of  Lender,  as well as any substitute, replacement or refinancing note or notes
therefor.

     PERMITTED  LIENS.  The words "Permitted Liens" mean: (a) liens and security
interests securing Indebtedness owed by Borrower to Lender; (b) liens for taxes,
assessments,  or  similar  charges either not yet due or being contested in good
faith; (c) liens of material men, mechanics, warehousemen, or carriers, or other
like  liens  arising in the ordinary course of business and securing obligations
which  are  not  yet  delinquent;  (d)  purchase  money  liens or purchase money
security  interests  upon or in any property acquired or held by Borrower in the
ordinary  course  of  business to secure indebtedness outstanding on the date of
this Agreement or permitted to be incurred under the paragraph of this Agreement
titled  "Indebtedness  and Liens"; (e) liens and security interests which, as of
the date of this Agreement, have been disclosed to and approved by the Lender in
writing;  and  (I)  those  liens  and  security interests which in the aggregate
constitute  an  immaterial and insignificant monetary amount with respect to the
net  value  of  Borrower's  assets.

     RELATED  DOCUMENTS.  The words "Related Documents" mean and include without
limitation  all  promissory  notes,  credit  agreements,  loan  agreements,
environmental  agreements,  guaranties, security agreements, mortgages, deeds of
trust,  and  all  other  instruments,  agreements  and documents, whether now or
hereafter  existing,  executed  in  connection  with  the  Indebtedness.

     SECURITY  AGREEMENT.  The  words  "Security  Agreement"  mean  and  include
without  limitation  any  agreements,  promises,  covenants,  arrangements,
understandings  or  other  agreements,  whether  created  by  law,  contract, or
otherwise, evidencing, governing, representing, or creating a Security Interest.

     SECURITY  INTEREST. The  words "Security Interest" mean and include without
limitation  any  type  of  collateral  security,  whether  in the form of a lien
charge,  mortgage,  deed of trust, assignment, pledge, chattel mortgage, chattel
trust,  factor's lien, equipment trust, conditional sale, trust receipt, lien or
title retention contract, lease or consignment intended as a security device, or
any  other  security  or  lien  interest  whatsoever,  whether  created  by law,
contract,  or  otherwise.

     SARA.  The  word  "SARA" means the Superfund Amendments and Reauthorization
Act  of  1986  as  now  or  hereafter  amended.


CONDITIONS  PRECEDENT  TO  EACH ADVANCE.  Lenders obligation to make the initial
Loan  Advance  and  each  subsequent  Loan Advance under this Agreement shall be
subject to the fulfillment to Lender's satisfaction of all of the conditions set
forth  in  this  Agreement  and  in  the  Related  Documents.

     LOAN  DOCUMENTS.  Borrower  shall provide to Lender in form satisfactory to
Lender  the  following  documents  for  the  Loan:  (a)  the  Note, (b) Security
Agreements  granting  to  Lender  security  interests  in  the  Collateral,  (c)
Financing  Statements  perfecting  Lender's  Security Interests; (d) evidence of
insurance  as  required  below;  and (e) any other documents required under this
Agreement  or  by  Lender  or  its  counsel,  including  without  limitation any
guaranties  described  below.

     BORROWER'S  AUTHORIZATION.  Borrower  shall  have  provided  in  form  and
substance  satisfactory  to  Lender  properly  certified  resolutions,  duly
authorizing  the  execution  and  delivery  of  this Agreement, the Note and the
Related  Documents,  and  such  other  authorizations  and  other  documents and
instruments  as  Lender  or  its counsel, in their sole discretion, may require.

     PAYMENT OF FEES AND EXPENSES.  Borrower shall have paid to Lender all fees,
charges,  and other expenses which are then due and payable as specified in this
Agreement  or  any  Related  Document.

     REPRESENTATIONS  AND  WARRANTIES.  The  representations  and warranties set
forth  in  this  Agreement,  in  the  Related  Documents, and in any document or
certificate  delivered  to  Lender  under  this  Agreement are true and correct.

     NO  EVENT  OF  DEFAULT.  There shall not exist at the time of any advance a
condition  which  would  constitute  an  Event  of Default under this Agreement.


REPRESENTATIONS  AND WARRANTIES.  Borrower represents and warrants to Lender, as
of  the  date  of  this  Agreement,  as of the date of each disbursement of Loan
proceeds,  as of the date of any renewal, extension or modification of any Loan,
and  at  all  times  any  Indebtedness  exists:

     ORGANIZATION.  Borrower  is  a corporation which is duly organized, validly
existing,  and  in  good  standing  under  the  laws of the State of Utah and is
validly  existing  and in good standing in all states in which Borrower is doing
business. Borrower has the full power and authority to own its properties and to
transact  the  businesses in which it is presently engaged or presently proposes
to  engage.  Borrower  also is duly qualified as a foreign corporation and is in
good  standing  in  all  states  in which the failure to so qualify would have a
material  adverse  effect  on  its  businesses  or  financial  condition.

     AUTHORIZATION.  The  execution, delivery, and performance of this Agreement
and  all  Related Documents by Borrower, to the extent to be executed, delivered
or  performed  by Borrower, have been duly authorized by all necessary action by
Borrower; do not require the consent or approval of any other person, regulatory
authority  or governmental body; and do not conflict with, result in a violation
of,  or  constitute  a  default  under  (a)  any  provision  of  its articles of
incorporation  or  organization, or bylaws, or any agreement or other instrument
binding  upon Borrower or (b) any law, governmental regulation, court decree, or
order  applicable  to  Borrower.

     FINANCIAL  INFORMATION.  Each  financial  statement of Borrower supplied to
Lender  truly  and completely disclosed Borrower's financial condition as of the
date  of  the  statement,  and  there  has  been  no  material adverse change in
Borrower's  financial  condition  subsequent  to  the  date  of  the most recent
financial  statement  supplied  to  Lender.  Borrower has no material contingent
obligations  except  as  disclosed  in  such  financial  statements.

     LEGAL  EFFECT.  This Agreement constitutes, and any instrument or agreement
required  hereunder  to  be  given  by  Borrower when delivered will constitute,
legal, valid and binding obligations of Borrower enforceable against Borrower in
accordance  with  their  respective  terms.

     PROPERTIES.  Except  as  contemplated  by  this  Agreement or as previously
disclosed  in  Borrower's  financial  statements  or in writing to Lender and as
accepted  by  Lender,  and except for property tax liens for taxes not presently
due  and  payable,  Borrower  owns  and  has  good  title  to  all of Borrower's
properties  free  and  clear of all Security Interests, and has not executed any
security  documents  or financing statements relating to such properties. All of
Borrower's  properties are titled in Borrower's legal name, and Borrower has not
used, or filed a financing statement under, any other name for at least the last
five  (5)  years.


<PAGE>
     HAZARDOUS  SUBSTANCES.  The terms "hazardous waste," "hazardous substance,"
"disposal,"  "release,"  and  "threatened  release,"  as used in this Agreement,
shall have the same meanings as set forth in the "CERCLA," "SARA," the Hazardous
Materials  Transportation  Act,  49  U.S.C.  Section 1801, et seq., the Resource
Conservation  and  Recovery  Act,  42  U.S.C.  Section  6901,  et seq., or other
applicable  state or Federal laws, rules, or regulations adopted pursuant to any
of  the foregoing. Except as disclosed to and acknowledged by Lender in writing,
Borrower  represents  and  warrants  that  (a)  During  the period of Borrower's
ownership  of  the  properties,  there has been no use, generation, manufacture,
storage,  treatment,  disposal,  release  or threatened release of any hazardous
waste or substance by any person on, under, about or from any of the properties.
(b)  Borrower  has no knowledge of, or reason to believe that there has been (i)
any  use,  generation,  manufacture,  storage,  treatment, disposal, release, or
threatened  release of any hazardous waste or substance on, under, about or from
the  properties  by  any  prior owners or occupants of any of the properties, or
(ii)  any  actual  or  threatened litigation or claims of any kind by any person
relating to such matters. (c) Neither Borrower nor any tenant, contractor, agent
or  other  authorized  user  of  any  of  the  properties  shall  use, generate,
manufacture,  store,  treat,  dispose  of,  or  release  any  hazardous waste or
substance  on, under, about or from any of the properties; and any such activity
shall  be  conducted in compliance with all applicable federal, state, and local
laws,  regulations,  and  ordinances,  including  without limitation those laws,
regulations  and  ordinances described above. Borrower authorizes Lender and its
agents to enter upon the properties to make such inspections and tests as Lender
may deem appropriate to determine compliance of the properties with this section
of the Agreement. Any inspections or tests made by Lender shall be at Borrower's
expense  and for Lender's purposes only and shall not be construed to create any
responsibility  or  liability  on the part of Lender to Borrower or to any other
person.  The  representations  and  warranties  contained  herein  are  based on
Borrower's due diligence in investigating the properties for hazardous waste and
hazardous  substances. Borrower hereby (a) releases and waives any future claims
against  Lender  for  indemnity  or  contribution  in the event Borrower becomes
liable  for  cleanup  or  other  costs  under  any  such laws, and (b) agrees to
indemnify  and  hold  harmless  Lender  against  any  and  all  claims,  losses,
liabilities,  damages,  penalties,  and  expenses  which  Lender may directly or
indirectly  sustain  or  suffer  resulting  from a breach of this section of the
Agreement  or  as  a  consequence  of any use, generation, manufacture, storage,
disposal, release or threatened release of a hazardous waste or substance on the
properties.  The  provisions  of  this  section  of the Agreement, including the
obligation  to  indemnify, shall survive the payment of the Indebtedness and the
termination  or  expiration  of  this  Agreement  and  shall  not be affected by
Lender's  acquisition  of  any  interest  in  any  of the properties, whether by
foreclosure  or  otherwise.

     LITIGATION AND CLAIMS.  No litigation, claim, investigation, administrative
proceeding or similar action (including those for unpaid taxes) against Borrower
is  pending  or threatened, and no other event has occurred which may materially
adversely  affect  Borrower's  financial  condition  or  properties,  other than
litigation,  claims,  or  other  events, if any, that have been disclosed to and
acknowledged  by  Lender  in  writing.

     TAXES.  To  the best of Borrowers knowledge, all tax returns and reports of
Borrower  that are or were required to be filed, have been filed, and all taxes,
assessments  and other governmental charges have been paid in full, except those
presently  being  or  to  be contested by Borrower in good faith in the ordinary
course  of  business  and  for  which  adequate  reserves  have  been  provided.

     LIEN PRIORITY.  Unless otherwise previously disclosed to Lender in writing,
Borrower  has  not entered into or granted any Security Agreements, or permitted
the  filing  or  attachment of any Security Interests on or affecting any of the
Collateral directly or indirectly securing repayment of Borrowers Loan and Note,
that  would  be  prior  or  that may in any way be superior to Lender's Security
Interests  and  rights  in  and  to  such  Collateral.

     BINDING EFFECT.  This Agreement, the Note, all Security Agreements directly
or  indirectly  securing  repayment  of  Borrower's Loan and Note and all of the
Related  Documents  are  binding  upon  Borrower  as  well  as  upon  Borrowers
successors,  representatives  and  assigns,  and  are  legally  enforceable  in
accordance  with  their  respective  terms.

     COMMERCIAL  PURPOSES.  Borrower intends to use the Loan proceeds solely for
business  or  commercial  related  purposes.

     EMPLOYEE  BENEFIT  PLANS.  Each  employee benefit plan as to which Borrower
may  have  any  liability  complies in all material respects with all applicable
requirements  of  law  and  regulations,  and  (i)  no  Reportable  E~Event  nor
Prohibited  Transaction  (as  defined in ERISA) has occurred with respect to any
such plan, (ii) Borrower has not withdrawn from any such plan or initiated steps
to  do  so,  (iii) no steps have been taken to terminate any such plan, and (iv)
there  are  no  unfunded  liabilities  other  than those previously disclosed to
Lender  in  writing.

     LOCATION  OF  BORROWER'S OFFICES AND RECORDS.  Borrowers place of business,
or  Borrowers  Chief  executive  office,  if Borrower has more than one place of
business,  is located at 7043 SOUTH 300 WEST, MIDVALE, UT 84047. Unless Borrower
has  designated otherwise in writing this location is also the office or offices
where  Borrower  keeps  its  records  concerning  the  Collateral.

     INFORMATION.  All  information  heretofore  or  contemporaneously  herewith
furnished  by  Borrower to Lender for the purposes of or in connection with this
Agreement  or  any  transaction  contemplated  hereby  is,  and  all information
hereafter  furnished  by  or  on  behalf of Borrower to Lender will be, true and
accurate  in  every material respect on the date as of which such information is
dated  or  certified;  and  none of such information is or will be incomplete by
omitting  to  state  any  material  fact  necessary to make such information not
misleading.

     SURVIVAL  OF  REPRESENTATIONS  AND  WARRANTIES.  Borrower  understands  and
agrees that Lender, without independent investigation, is relying upon the above
representations  and warranties in extending Loan Advances to Borrower. Borrower
further  agrees  that  the  foregoing  representations  and  warranties shall be
continuing  in  nature and shall remain in full force and effect until such time
as  Borrower's Indebtedness shall be paid in full, or until this Agreement shall
be  terminated  in  the  manner  provided above, whichever is the last to occur.


AFFIRMATIVE  COVENANTS.  Borrower  covenants  and agrees with Lender that, while
this  Agreement  is  in  effect,  Borrower  will:

     LITIGATION.  Promptly  inform Lender in writing of (a) all material adverse
changes  in  Borrowers  financial  condition,  and  (b)  all  existing  and  all
threatened  litigation,  claims,  investigations,  administrative proceedings or
similar  actions  affecting  Borrower  or  any  Guarantor which could materially
affect  the  financial  condition  of Borrower or the financial condition of any
Guarantor.

     FINANCIAL  RECORDS.  Maintain  its  books  and  records  in accordance with
generally  accepted  accounting  principles,  applied on a consistent basis, and
permit  Lender  to  examine  and  audit  Borrower's  books  and  records  at all
reasonable  times.

     FINANCIAL STATEMENTS.  Furnish Lender with, as soon as available, but in no
event  later  than  one  hundred  twenty (120) days after the end of each fiscal
year,  Borrowers  balance sheet and income statement for the year ended, audited
by  a  certified  public  accountant  satisfactory  to  Lender,  and, as soon as
available, but in no event later than forty five (45) days after the end of each
fiscal  quarter,  Borrowers  balance sheet and profit and loss statement for the
period ended, prepared and certified as correct to the best knowledge and belief
by  Borrowers  chief  financial officer or other officer or person acceptable to
Lender. All financial reports required to be provided under this Agreement shall
be prepared in accordance with generally accepted accounting principles, applied
on  a  consistent  basis,  and  certified  by Borrower as being true and correct

     ADDITIONAL  INFORMATION.  Furnish  such  additional  information  and
statements, lists of assets and liabilities, agings of receivables and payables,
inventory  schedules,  budgets,  forecasts,  tax returns, and other reports with
respect  to  Borrowers financial condition and business operations as Lender may
request  from  time  to  time.

     INSURANCE.  Maintain  fire  and  other  risk  insurance,  public  liability
insurance,  and  such  other  insurance  as  Lender  may require with respect to
Borrower's  properties  and  operations,  in  form,  amounts, coverages and with
insurance  companies  reasonably acceptable to Lender. Borrower, upon request of
Lender, will deliver to Lender from time to time the policies or certificates of
insurance  in form satisfactory to Lender, including stipulations that coverages
will not be canceled or diminished without at least ten (10) days' prior written
notice  to  Lender.  Each  insurance  policy  also shall include all endorsement
providing  that  coverage  in favor of Lender will not be impaired in any way by
any act, omission or default of Borrower or any other person. In connection with
all  policies  covering  assets  in  which Lender holds or is offered a security
interest  for  the Loans, Borrower will provide Lender with such loss payable or
other  endorsements  as  Lender  may  require.


<PAGE>
     INSURANCE  REPORTS.  Furnish  to Lender, upon request of Lender, reports on
each existing insurance policy showing such information as Lender may reasonably
request,  including  without  limitation  the  following:  (a)  the  name of the
insurer; (b) the risks insured; (c) the amount of the policy; (d) the properties
insured;  (e)  the  then current property values on the basis of which insurance
has  been  obtained,  and  the  manner  of determining those values; and (f) the
expiration  date of the policy. In addition, upon request of Lender (however not
more  often  than  annually),  Borrower  will  have  all  independent  appraiser
satisfactory  to  Lender  determine,  as  applicable,  the  actual cash value or
replacement  cost of any Collateral. The cost of such appraisal shall be paid by
Borrower.

     GUARANTIES.  Prior  to  disbursement of any Loan proceeds, furnish executed
guaranties  of  the  Loans  in  favor of Lender, executed by the guarantor named
below,  on Lenders forms, and in the amount and under the conditions spelled out
in  those  guaranties.
     GUARANTOR                         AMOUNT
     ---------                         ------
     COLUMBIA  MEDICAL,  INC.          UNLIMITED


     OTHER  AGREEMENTS.  Comply  with  all  terms  and  conditions  of all other
agreements,  whether  now  or hereafter existing, between Borrower and any other
party and notify Lender immediately in writing of any default in connection with
any  other  such  agreements.

     LOAN  PROCEEDS.  Use  all  Loan  proceeds  solely  for  Borrower's business
operations,  unless specifically consented to the contrary by Lender in writing.

     TAXES,  CHARGES  AND  LIENS.  Pay  and  discharge  when  due  all  of  its
indebtedness  and  obligations,  including  without  limitation all assessments,
taxes, governmental charges, levies and liens, of every kind and nature, imposed
upon  Borrower or its properties, income, or profits, prior to the date on which
penalties  would  attach,  and all lawful claims that, if unpaid, might become a
lien  or  charge upon any of Borrower's properties, income, or profits. Provided
however, Borrower will not be required to pay and discharge any such assessment,
tax,  charge,  levy, lien or claim so long as (a) the legality of the same shall
be  contested  in  good faith by appropriate proceedings, and (b) Borrower shall
have  established  on its books adequate reserves with respect to such contested
assessment,  tax,  charge,  levy,  lien,  or  claim in accordance with generally
accepted  accounting practices. Borrower, upon demand of Lender, will furnish to
Lender evidence of payment of the assessments, taxes, charges, levies, liens and
claims  and  will  authorize the appropriate governmental official to deliver to
Lender  at  any  time  a  written  statement of any assessments, taxes, charges,
levies,  liens  and  claims  against  Borrower's properties, income, or profits.

     PERFORMANCE.  Perform and comply with all terms, conditions, and provisions
set forth in this Agreement and in the Related Documents in a timely manner, and
promptly  notify  Lender if Borrower learns of the occurrence of any event which
constitutes an Event of Default under this Agreement or under any of the Related
Documents.

     OPERATIONS.  Maintain executive and management personnel with substantially
the  same  qualifications and experience as the present executive and management
personnel;  provide  written  notice  to  Lender  of any change in executive and
management  personnel;  conduct its business affairs in a reasonable and prudent
manner  and in compliance with all applicable federal, state and municipal laws,
ordinances,  rules  and  regulations  respecting  its  properties,  charters,
businesses  and  operations,  including  without limitation, compliance with the
Americans With Disabilities Act and with all minimum funding standards and other
requirements  of  ERISA and other laws applicable to Borrower's employee benefit
plans.

     INSPECTION.  Permit employees or agents of Lender at any reasonable time to
inspect  any  and  all  Collateral  for  the  Loan or Loans and Borrower's other
properties and to examine or audit Borrowers books, accounts, and records and to
make  copies  and  memoranda  of  Borrower's  books,  accounts,  and records. If
Borrower  now  or at any time hereafter maintains any records (including without
limitation  computer  generated  records  and computer software programs for the
generation  of  such records) in the possession of a third party, Borrower, upon
request  of Lender, shall notify such party to permit Lender free access to such
records at all reasonable times and to provide Lender with copies of any records
it  may  request,  all  at  Borrower's  expense.

     COMPLIANCE CERTIFICATE.  Unless waived in writing by Lender, provide Lender
at  least  annually and at the time of each disbursement of Loan proceeds with a
certificate  executed by Borrower's chief financial officer, or other officer or
person  acceptable to Lender, certifying that the representations and warranties
set  forth  in  this  Agreement  are  true  and  correct  as  of the date of the
certificate  and  further certifying that, as of the date of the certificate, no
Event  of  Default  exists  under  this  Agreement.

     ENVIRONMENTAL  COMPLIANCE  AND  REPORTS.  Borrower  shall  comply  in  all
respects  with  all  environmental  protection  federal,  state  and local laws,
statutes,  regulations and ordinances; not cause or permit to exist, as a result
of an intentional or unintentional action or omission on its part or on the part
of  any  third  party,  on  property  owned  and/or  occupied  by  Borrower, any
environmental  activity  where damage may result to the environment, unless such
environmental activity is pursuant to and in compliance with the conditions of a
permit  issued  by  the  appropriate  federal,  state  or  local  governmental
authorities;  shall  furnish  to  Lender promptly and in any event within thirty
(30)  days  after receipt thereof a copy of any notice, summons, lien, citation,
directive,  letter  or  other  communication  from  any  governmental  agency or
instrumentality  concerning  any intentional or unintentional action or omission
on  Borrowers  part in connection with any environmental activity whether or not
there  is  damage  to  the  environment  and/or  other  natural  resources.

     ADDITIONAL ASSURANCES.  Make, execute and deliver to Lender such promissory
notes,  mortgages,  deeds  of  trust, security agreements, financing statements,
instruments,  documents  and  other  agreements  as  Lender or its attorneys may
reasonably  request to evidence and secure the Loans and to perfect all Security
Interests.

NEGATIVE  COVENANTS.  Borrower  covenants and agrees with Lender that while this
Agreement is in effect, Borrower shall not, without the prior written consent of
Lender:

     CONTINUITY  OF  OPERATIONS.  (a)  Engage  in  any  business  activities
substantially  different  than  those  in  which  Borrower is presently engaged,
(b)cease  operations,  liquidate, merge, transfer, or consolidate with any other
entity,  change  ownership,  change  its  name,  dissolve  or  transfer  or sell
Collateral  out  of  the  ordinary  course of business, (c) pay any dividends on
Borrower's  stock  (other than dividends payable in its stock),provided, however
that  notwithstanding the foregoing, but only so long as no Event of Default has
occurred  and  is  continuing  or would result from the payment of dividends, if
Borrower  is  a  "Subchapter  S Corporation" (as defined in the Internal Revenue
Code  of  1986, as amended), Borrower may pay cash dividends on its stock to its
shareholders  from  time to time in amounts necessary to enable the shareholders
to  pay  income  taxes  and  make estimated income tax payments to satisfy their
liabilities  under federal and state law which arise solely from their status as
Shareholders  of a Subchapter S Corporation because of their ownership of shares
of  stock  of  Borrower.

     LOANS,  ACQUISITIONS  AND GUARANTIES.  (a) Loan, invest in or advance money
or  assets, or (b) incur any obligation as surety or guarantor other than in the
ordinary  course  of  business.


CESSATION  OF  ADVANCES.  If  Lender has made any commitment to make any Loan to
Borrower,  whether  under  this  Agreement  or under any other agreement, Lender
shall  have no obligation to make Loan Advances or to disburse Loan proceeds if:
(a) Borrower or any Guarantor is in default under the terms of this Agreement or
any  of  the  Related  Documents  or  any  other  agreement that Borrower or any
Guarantor  has  with  Lender;  (b)  Borrower or any Guarantor becomes insolvent,
files  a  petition  in  bankruptcy  or  similar  proceedings,  or  is adjudged a
bankrupt;  (c)  there  occurs  a material adverse change in Borrower's financial
condition,  in  the financial condition of any Guarantor, or in the value of any
Collateral  securing  any  Loan;  (d)  any  Guarantor seeks, claims or otherwise
attempts to limit, modify or revoke such Guarantor's guaranty of the Loan or any
other  loan with Lender; or (e) Lender in good faith deems itself insecure, even
though  no  Event  of  Default  shall  have  occurred.

ADDITIONAL  COVENANTS.  Borrower  covenants  and  agrees with Lender that, while
this  Agreement  is  in  effect,  Borrower  will:

CURRENT  RATIO.  Borrower  shall  maintain  a ratio of Current Assets to Current
Liabilities  in  excess  of 2.00 to 1.00; calculated at the end of each Quarter.
The  words  "Current Assets" shall be as defined by GAAP minus prepaid expenses.
The  words  "Current  Liabilities"  shall  be  as  defined  by  GAAP.

INDEBTEDNESS  AND  LIENS.  Borrower shall not (a) Except for trade debt incurred
in the normal course of business and indebtedness to Lender contemplated by this
Agreement,  create,  incur or assume additional indebtedness for borrowed money,
including  capital  leases, in excess of the aggregate amount $1,000,000.00, (b)
except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge,
lease,  grant,  a security interest in, or encumber any of Borrower's assets, or
(c)  sell  with  recourse  any  of  Borrower's  accounts,  except  to  Lender.

TOTAL  FUNDED  DEBT  TO  EBITDA RATIO.  Borrower shall maintain a ratio of Total
Funded  Debt to EBITDA of not greater than 2.5 to 1.0; calculated for the period
of  the  previous  four  financial  quarters  as of the end of each Quarter. The
letters  "EBITDA"  mean,  calculated  for the period of the previous four fiscal
quarters,  the  net  earnings of Borrower plus the aggregate amounts deducted in
determining  such--net  income  in  respect  of  interest  expenses,  taxes,
depreciation  and amortization; but not, however, giving effect to extraordinary
losses  or  gains in calculating net income. The words "Total Funded Debt" mean,
the sum without duplication for a Borrower and/or any of its subsidiaries of (1)
all  indebtedness for borrowed money, whether maturing in less than or more than
one year, plus (2) all bonds, notes, debentures or similar debt instruments plus
(3)  all  capitalized  lease obligations plus (4) the present value of all basic
rental  obligations  under any synthetic lease plus (5) indebtedness of a second
person secured by a lien on any property owned by a first person, whether or not
such  indebtedness  has  been  assumed  plus (6) the full outstanding balance of
trade  receivables  sold  with  full  or  limited recourse, provided that if the
structure of any receivables sales program provides for "over-collateralization"
,the  outstanding  balance  of  the  trade  receivables  attributable  to  the
over-collateralization"  may  be  excluded  plus  (7)  the  stated  value,  or
liquidation  value,  if  higher,  of  all  redeemable  stock  or  such  person.

RIGHT  OF SETOFF.  Borrower grants to Lender a contractual security interest in,
and  hereby  assigns,  conveys,  delivers,  pledges, and transfers to Lender all
Borrower's  right, title and interest in and to, Borrower's accounts with Lender
(whether checking, savings, or some other account), including without limitation
all  accounts  held jointly with someone else and all accounts Borrower may open
in  the  future,  excluding  however  all  IRA and Keogh accounts, and all trust
accounts  for which the grant of a security interest would be prohibited by law.
Borrower authorizes Lender, to the extent permitted by applicable law, to charge
or  setoff all sums owing on the Indebtedness against any and all such accounts.

EVENTS  OF  DEFAULT.  Each of the following shall constitute an Event of Default
under  this  Agreement:



          DEFAULT ON INDEBTEDNESS.  Failure of Borrower to make any payment when
due  on  the  Loans.

     OTHER  DEFAULTS.  Failure  of  Borrower or any Grantor to comply with or to
perform  when due any other term, obligation, covenant or condition contained in
this  Agreement  or  in  any of the Related Documents, or failure of Borrower to
comply  with  or  to  perform  any other term, obligation, covenant or condition
contained  in  any  other  agreement  between  Lender  and  Borrower.

     DEFAULT  IN FAVOR OF THIRD PARTIES.  Should Borrower or any Grantor default
under  any  loan,  extension  of  credit,  security agreement, purchase or sales
agreement, or any other agreement, in favor of any other creditor or person that
may  materially affect any of Borrower's property or Borrower's or any Grantor's
ability  to  repay  the Loans or perform their respective obligations under this
Agreement  or  any  of  the  Related  Documents.

     FALSE  STATEMENTS.  Any  warranty,  representation  or  statement  made  or
furnished  to  Lender  by  or  on  behalf  of Borrower or any Grantor under this
Agreement  or  the  Related  Documents  is  false  or misleading in any material
respect  at  the  time  made or furnished, or becomes false or misleading at any
time  thereafter.

     DEFECTIVE  COLLATERALIZATION.  This  Agreement  or  any  of  the  Related
Documents  ceases  to  be  in  full  force  and effect (including failure of any
Security  Agreement  to  create  a valid and perfected Security Interest) at any
time  and  for  any  reason.

     INSOLVENCY.  The  dissolution  or  termination of Borrower's existence as a
going  business,  the  insolvency of Borrower, the appointment of a receiver for
any part of Borrowers property, any assignment for the benefit of creditors, any
type  of  creditor  workout,  or  the  commencement  of any proceeding under any
bankruptcy  or  insolvency  laws  by  or  against  Borrower.

     CREDITOR  OR  FORFEITURE  PROCEEDINGS.  Commencement  of  foreclosure  or
forfeiture  proceedings, whether by judicial proceeding, self-help, repossession
or  any  other  method, by any creditor of Borrower, any creditor of any Grantor
against any collateral securing the Indebtedness, or by any governmental agency.
This  includes  a  garnishment,  attachment,  or  levy on or of any of Borrowers
deposit  accounts with Lender. However, this Event of Default shall not apply if
there  is a good faith dispute by Borrower or Grantor, as the case may be, as to
the  validity  or reasonableness of the claim which is the basis of the creditor
or forfeiture proceeding, and if Borrower or Grantor gives Lender written notice
of the creditor or forfeiture proceeding and furnishes reserves or a surety bond
for  the  creditor  or  forfeiture  proceeding  satisfactory  to  Lender.

     EVENTS  AFFECTING  GUARANTOR.  Any  of  the  preceding  events  occurs with
respect  to  any  Guarantor  of any of the Indebtedness or any Guarantor dies or
becomes incompetent, or revokes or disputes the validity of, or liability under,
any  Guaranty  of the Indebtedness. Lender, at its option, may, but shall not be
required  to,  permit  the  Guarantor's  estate  to  assume  unconditionally the
obligations  arising under the guaranty in a manner satisfactory to Lender, and,
in  doing  so,  cure  the  Event  of  Default.

     ADVERSE  CHANGE.  A  material adverse change occurs in Borrower's financial
condition,  or  Lender  believes  the  prospect of payment or performance of the
Indebtedness  is  impaired.

          INSECURITY.  Lender,  in  good  faith,  deems  itself  insecure.


     RIGHT  TO  CURE.  If  any default, other than a Default on Indebtedness, is
curable  and  if  Borrower  or Grantor, as the case may be, has not been given a
notice  of  a similar default within the preceding twelve (12) months, it may be
cured  (and  no  Event of Default will have occurred) if Borrower or Grantor, as
the  case  may  be, after receiving written notice from Lender demanding cure of
such default: (a) cures the default within fifteen (15) days; or (b) if the cure
requires  more  than fifteen (15) days, immediately initiates steps which Lender
deems  in  Lenders  sole  discretion  to  be  sufficient to cure the default and
thereafter continues and completes all reasonable and necessary steps sufficient
to  produce  compliance  as  soon  as  reasonably  practical.



EFFECT  OF  AN  EVENT  OF  DEFAULT.  If any Event of Default shall occur, except
where  otherwise  provided  in  this  Agreement  or  the  Related Documents, all
commitments  and  obligations  of  Lender  under  this  Agreement or the Related
Documents  or  any  other  agreement  immediately  will terminate (including any
obligation to make Loan Advances or disbursements), and, at Lender's option, all
Indebtedness  immediately will become due and payable, all without notice of any
kind  to  Borrower,  except  that in the case of an Event of Default of the type
described  in  the  "Insolvency"  subsection  above,  such acceleration shall be
automatic  and  not  optional. In addition, Lender shall have all the rights and
remedies  provided  in  the Related Documents or available at law, in equity, or
otherwise. Except as may be prohibited by applicable law, all of Lender's rights
and  remedies  shall  be  cumulative  and  may  be  exercised  singularly  or
concurrently.  Election by Lender to pursue any remedy shall not exclude pursuit
of  any  other remedy, and an election to make expenditures or to take action to
perform  an  obligation  of Borrower or of any Grantor shall not affect Lender's
right  to  declare  a  default  and  to  exercise  its  rights  and  remedies.

MISCELLANEOUS  PROVISIONS.  The following miscellaneous provisions are a part of
this  Agreement:


     AMENDMENTS.  This  Agreement,  together  with  any  Related  Documents,
constitutes  the  entire  understanding  and  agreement of the parties as to the
matters  set  forth  in  this  Agreement.  No alteration of or amendment to this
Agreement  shall be effective unless given in writing and signed by the party or
parties  sought  to  be  charged  or  bound  by  the  alteration  or  amendment.

     APPLICABLE  LAW.  THIS  AGREEMENT HAS BEEN DELIVERED TO LENDER AND ACCEPTED
BY  LENDER  IN  THE  STATE  OF UTAH. IF THERE IS A LAWSUIT, BORROWER AGREES UPON
LENDER'S  REQUEST  TO  SUBMIT  TO  THE  JURISDICTION  OF THE COURTS OF SALT LAKE
COUNTY,  THE  STATE  OF  UTAH. LENDER AND BORROWER HEREBY WAIVE THE RIGHT TO ANY
JURY  TRIAL  IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY EITHER LENDER
OR BORROWER AGAINST THE OTHER. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN  ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF  UTAH.

     CAPTION  HEADINGS.  Caption  headings in this Agreement are for convenience
purposes  only  an&  are not to be used to interpret or define the provisions of
this  Agreement.

     CONSENT  TO  LOAN  PARTICIPATION.  Borrower agrees and consents to Lender's
sale  or  transfer, whether now or later, of one or more participation interests
in  the Loans to one or more purchasers, whether related or unrelated to Lender.
Lender  may  provide,  without  any  limitation  whatsoever,  to any one or more
purchasers,  or  potential  purchasers,  any information or knowledge Lender may
have about Borrower or about any other matter relating to the Loan, and Borrower
hereby  waives  any  rights to privacy it may have with respect to such matters.
Borrower  additionally  waives  any  and  all  notices  of sale of participation
interests,  as  well  as  all  notices  of  any repurchase of such participation
interests.  Borrower  also  agrees that the purchasers of any such participation
interests  will  be  considered  as the absolute owners of such interests in the
Loans  and will have all the rights granted under the participation agreement or
agreements  governing the sale of such participation interests. Borrower further
waives  all  rights  of  offset  or  counterclaim  that it may have now or later
against  Lender  or  against  any purchaser of such a participation interest and
unconditionally  agrees  that  either  Lender  or  such  purchaser  may  enforce
Borrower's  obligation under the Loans irrespective of the failure or insolvency
of  any  holder  of  any interest in the Loans. Borrower further agrees that the
purchaser  of  any  such  participation  interests  may  enforce  its  interests
irrespective  of  any personal claims or defenses that Borrower may have against
Lender.

     NOTICES.  All  notices  required  to be given under this Agreement shall be
given  in  writing,  may  be sent by telefacsimile (unless otherwise required by
law),  and  shall  be effective when actually delivered or when deposited with a
nationally  recognized overnight courier or deposited in the United States mail,
first class, postage prepaid, addressed to the party to whom the notice is to be
given  at the address shown above. An a may change its address for notices under
this  Agreement by giving formal written notice to the other parties, specifying
that  the  purpose of the notice is to change the party's address. To the extent
permitted  by  applicable law, if there is more than one Borrower, notice to any
Borrower  will constitute notice to all Borrowers. For notice purposes, Borrower
will  keep  Lender  informed  at  all  times  of Borrower's current address(es).

     SEVERABILITY.  If  a court of competent jurisdiction finds any provision of
this  Agreement to be invalid or unenforceable as to any person or circumstance,
such  finding shall not render that provision invalid or unenforceable as to any
other  persons or circumstances. If feasible, any such offending provision shall
be  deemed to be modified to be within the limits of enforceability or validity;
however,  if the offending provision cannot be so modified, it shall be stricken
and  all  other  provisions of this Agreement in all other respects shall remain
valid  and  enforceable.

     SUBSIDIARIES  AND AFFILIATES OF BORROWER.  To the extent the context of any
provisions  of this Agreement makes it appropriate, including without limitation
any  representation,  warranty  or  covenant, the word "Borrower" as used herein
shall  include  all subsidiaries and affiliates of Borrower. Notwithstanding the
foregoing  however,  under no circumstances shall this Agreement be construed to
require  Lender  to  make  any  Loan  or  other  financial  accommodation to any
subsidiary  or  affiliate  of  Borrower.

     SUCCESSORS  AND  ASSIGNS.  All  covenants and agreements contained by or on
behalf  of Borrower shall bind its successors and assigns and shall inure to the
benefit of Lender, its successors and assigns. Borrower shall not, however, have
the  right  to  assign  its rights under this Agreement or any interest therein,
without  the  prior  written  consent  of  Lender.

     SURVIVAL.  All  warranties, representations, and covenants made by Borrower
in  this  Agreement  or  in  any  certificate  or  other instrument delivered by
Borrower  to Lender under this Agreement shall be considered to have been relied
upon by Lender and will survive the making of the Loan and delivery to Lender of
the  Related  Documents,  regardless  of  any investigation made by Lender or on
Lender's  behalf.

     TIME  IS OF THE ESSENCE.  Time is of the essence in the performance of
this  Agreement.

          WAIVER.  Lender  shall  not  be deemed to have waived any rights under
this  Agreement  unless such waiver is given in writing and signed by Lender. No
delay or omission on the part of Lender in exercising any right shall operate as
a  waiver of such right or any other right. A waiver by Lender of a provision of
this  Agreement  shall  not  prejudice  or constitute a waiver of Lender's right
otherwise to demand strict compliance with that provision or any other provision
of  this Agreement. No prior waiver by Lender, nor any course of dealing between
Lender  and  Borrower,  or  between  Lender  and any Grantor, shall constitute a
waiver  of  any  of  Lender's rights or of any obligations of Borrower or of any
Grantor  as  to  any  future  transactions.  Whenever  the  consent of Lender is
required  under  this  Agreement,  the granting of such consent by Lender in any
instance  shall  not constitute continuing consent in subsequent instances where
such  consent  is  required,  and  in  all  cases such consent may be granted or
withheld  in  the  sole  discretion  of  Lender.

     FINAL  AGREEMENT.  Borrower understands that this Agreement and the related
loan  documents  are  the  final  expression of the agreement between Lender and
Borrower  and may not be contradicted by evidence of any alleged oral agreement.

BORROWER  ACKNOWLEDGES  HAVING  READ  ALL  THE  PROVISIONS OF THIS BUSINESS LOAN
AGREEMENT,  AND  BORROWER  AGREES  TO  ITS TERMS.  THIS AGREEMENT IS DATED AS OF
APRIL  14,  2000.

BORROWER:

UTAH  MEDICAL  PRODUCTS,  INC.


By:     /s/  Kevin  L.  Cornwell
    ----------------------------
      KEVIN L. CORNWELL, CHAIRMAN & CEO


LENDER:

KEYBANK  NATIONAL  ASSOCIATION


By:    /s/  John  P.  Norawong
    --------------------------
        Authorized  Officer




                                 PROMISSORY NOTE

BORROWER: UTAH MEDICAL PRODUCTS, INC.    LENDER: KEYBANK  NATIONAL ASSOCIATION
          7043  SOUTH  300  WEST             CENTRAL COMMERCIAL BANKING CENTER
          MIDVALE,  UT  84047                    P.O.  BOX  30815
                                                 505  MAIN  ST,  SUITE  2007
                                                 SALT LAKE CITY, UT 84130-0815

PRINCIPAL AMOUNT: $14,500,000.00                 INITIAL RATE: 8.000%

DATE OF NOTE: APRIL 14, 2000

PROMISE  TO  PAY.  UTAH  MEDICAL  PRODUCTS, INC. ("BORROWER") PROMISES TO PAY TO
KEYBANK NATIONAL ASSOCIATION ("LENDER"), OR ORDER, IN LAWFUL MONEY OF THE UNITED
STATES  OF  AMERICA,  THE  PRINCIPAL  AMOUNT  OF  FOURTEEN  MILLION FIVE HUNDRED
THOUSAND  &  00/100  DOLLARS  ($14,500,000.00) OR SO MUCH AS MAY BE OUTSTANDING,
TOGETHER  WITH  INTEREST  ON  THE  UNPAID  OUTSTANDING PRINCIPAL BALANCE OF EACH
ADVANCE.  INTEREST  SHALL  BE  CALCULATED  FROM  THE  DATE OF EACH ADVANCE UNTIL
REPAYMENT  OF  EACH  ADVANCE.

PAYMENT.  BORROWER WILL PAY THIS LOAN ON DEMAND, OR IF NO DEMAND IS MADE, IN ONE
PAYMENT  OF  ALL OUTSTANDING PRINCIPAL PLUS ALL ACCRUED UNPAID INTEREST ON APRIL
14,  2002.  IN  ADDITION,  BORROWER WILL PAY REGULAR MONTHLY PAYMENTS OF ACCRUED
UNPAID INTEREST BEGINNING MAY 15, 2000, AND ALL SUBSEQUENT INTEREST PAYMENTS ARE
DUE  ON THE SAME DAY OF EACH MONTH AFTER THAT. Interest on this Note is computed
on a 365/360 simple interest basis; that is, by applying the ratio of the annual
interest  rate over a year of 360 days, times the outstanding principal balance,
times  the  actual number of days the principal balance is outstanding. Borrower
will pay Lender at Lender's address shown above or at such other place as Lender
may designate in writing. Unless otherwise agreed or required by applicable law,
payments  will  be  applied first to accrued unpaid interest, then to principal,
and  any  remaining  amount  to  any  unpaid  collection costs and late charges.

VARIABLE  INTEREST  RATE.  The  interest  rate on this Note is subject to change
from time to time based on changes in an index which is the Prime Rate announced
by  Lender  (the  "Index').  The  interest  rate  will  change automatically and
correspondingly on the date of each announced change of the Index by Lender. The
Index  is  not necessarily the lowest rate charged by Lender on its loans and is
set  by  Lender  in its sole discretion. If the Index becomes unavailable during
the  term  of  this  loan,  the  Lender  may  designate a substitute index after
notifying  Borrower.  Lender  will  tell  Borrower  the  current Index rate upon
Borrower's  request.  Borrower  understands  that Lender may make loans based on
other  rates  as  well.  The interest rate change will not occur more often than
each  day  that  the Index changes. THE INDEX CURRENTLY IS 9.000% PER ANNUM. THE
INTEREST RATE TO BE APPLIED TO THE UNPAID PRINCIPAL BALANCE OF THIS NOTE WILL BE
AT  A  RATE  OF  1.000 PERCENTAGE POINT UNDER THE INDEX, RESULTING IN AN INITIAL
RATE  OF 8.000% PER ANNUM. NOTICE: Under no circumstances will the interest rate
on  this  Note  be  more  than  the  maximum  rate  allowed  by  applicable law.

PREPAYMENT.  Borrower  may  pay  without  penalty all or a portion of the amount
owed earlier than it is due. Early payments will not, unless agreed to by Lender
in  writing,  relieve  Borrower  of  Borrower's  obligation  to continue to make
payments  of  accrued  unpaid  interest.  Rather, they will reduce the principal
balance  due.

LATE  CHARGE.  If  a  payment  is 10 DAYS OR MORE LATE, Borrower will be charged
5.000%  OF  THE  REGULARLY  SCHEDULED  PAYMENT  OR $50.00, WHICHEVER IS GREATER.

DEFAULT.  Borrower  will  be  in  default  if  any of the following happens: (a)
Borrower  fails  to  make  any payment when due. (b) Borrower breaks any promise
Borrower has made to Lender, or Borrower fails to comply with or to perform when
due any other term, obligation, covenant, or condition contained in this Note or
any  agreement  related to this Note, or in any other agreement or loan Borrower
has  with  Lender.  (c)  Borrower  defaults under any loan, extension of credit,
security  agreement,  purchase  or  sales  agreement, or any other agreement, in
favor  of  any  other  creditor  or  person  that  may  materially affect any of
Borrower's  property  or  Borrower's  ability  to  repay  this  Note  or perform
Borrower's  obligations under this Note or any of the Related Documents. (d) Any
representation  or  statement  made  or  furnished  to  Lender by Borrower or on
Borrower's  behalf  is false or misleading in any material respect either now or
at  the  time  made  or furnished. (e) Borrower becomes insolvent, a receiver is
appointed  for any part of Borrower's property, Borrower makes an assignment for
the  benefit  of creditors, or any proceeding is commenced either by Borrower or
against Borrower under any bankruptcy or insolvency laws. (f) Any creditor tries
to  take any of Borrower's property on or in which Lender has a lien or security
interest. This includes a garnishment of any of Borrower's accounts with Lender.
(g)  Any  guarantor  dies  or  any of the other events described in this default
section  occurs  with  respect  to  any  guarantor  of this Note. (h) A material
adverse  change occurs in Borrower's financial condition, or Lender believes the
prospect  of  payment or performance of the Indebtedness is impaired. (i) Lender
in  good  faith  deems  itself  insecure.

If  any default, other than a default in payment, is curable and if Borrower has
not  been  given  a notice of a breach of the same provision of this Note within
the  preceding twelve (12) months, it may be cured (and no event of default will
have occurred) if Borrower, after receiving written notice from Lender demanding
cure  of such default: (a) cures the default within fifteen (15) days; or (b) if
the cure requires more than fifteen (15) days, immediately initiates steps which
Lender  deems  in  Lender's sole discretion to be sufficient to cure the default
and  thereafter  continues  and  completes  all  reasonable  and necessary steps
sufficient  to  produce  compliance  as  soon  as  reasonably  practical.


<PAGE>
LENDER'S  RIGHTS.  Upon  default, Lender may declare the entire unpaid principal
balance  on  this  Note and all accrued unpaid interest immediately due, without
notice,  and then Borrower will pay that amount. Upon default, including failure
to  pay upon final maturity, Lender, at its option, may also, if permitted under
applicable  law,  increase  the  variable  interest  rate  on  this  Note  3.000
percentage  points. The interest rate will not exceed the maximum rate permitted
by applicable law. Lender may hire or pay someone else to help collect this Note
if  Borrower  does  not  pay.  Borrower  also  will pay Lender that amount. This
includes,  subject  to  any  limits  under  applicable  law, Lender's reasonable
attorneys'  fees  and Lender's legal expenses whether or not there is a lawsuit,
including  reasonable  attorneys'  fees  and  legal  expenses  for  bankruptcy
proceedings  (including  efforts  to  modify  or  vacate  any  automatic stay or
injunction),  appeals, and any anticipated post-judgment collection services. If
not  prohibited  by  applicable  law, Borrower also will pay any court costs, in
addition  to  all  other  sums  provided by law. THIS NOTE HAS BEEN DELIVERED TO
LENDER  AND  ACCEPTED  BY  LENDER  IN  THE STATE OF UTAH. IF THERE IS A LAWSUIT,
BORROWER  AGREES  UPON  LENDER'S  REQUEST  TO  SUBMIT TO THE JURISDICTION OF THE
COURTS  OF SALT LAKE COUNTY, THE STATE OF UTAH. LENDER AND BORROWER HEREBY WAIVE
THE  RIGHT  TO ANY JURY TRIAL IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT
BY  EITHER  LENDER OR BORROWER AGAINST THE OTHER. THIS NOTE SHALL BE GOVERNED BY
AND  CONSTRUED  IN  ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF  UTAH.

RIGHT  OF SETOFF.  Borrower grants to Lender a contractual security interest in,
and  hereby  assigns,  conveys,  delivers,  pledges, and transfers to Lender all
Borrower's  right, title and interest in and to, Borrower's accounts with Lender
(whether  checking. savings, or some other account) including without limitation
all  accounts  held jointly with someone else and all accounts Borrower may open
in  the  future,  excluding  however  all  IRA and Keogh accounts, and all trust
accounts  for which the grant of a security interest would be prohibited by law.
Borrower authorizes Lender, to the extent permitted by applicable law, to charge
or  setoff  all  sums  owing  on  this  Note  against any and all such accounts.

LINE  OF  CREDIT.  This Note evidences a revolving line of credit Advances under
this Note may be requested orally by Borrower or by an authorized person. Lender
may,  but  need not, require that all oral requests be confirmed in writing. All
communications,  instructions, or directions by telephone or otherwise to Lender
are  to  be  directed  to  Lender's  office  shown above. The following party or
parties are authorized to request advances under the line of credit until Lender
receives  from  Borrower  at  Lender's  address  shown  above  written notice of
revocation  of  their  authority:  KEVIN  L. CORNWELL, CHAIRMAN & CEO.  Borrower
agrees  to  be  liable  for all sums either: (a) advanced in accordance with the
instructions  of  an  authorized  person  or  (b)  credited to any of Borrower's
accounts  with  Lender.  The  unpaid principal balance owing on this Note at any
time  may  be  evidenced  by  endorsements  on this Note or by Lender's internal
records,  including daily computer print-outs. Lender will have no obligation to
advance  funds  under  this Note if: (a) Borrower or any guarantor is in default
under the terms of this Note or any agreement that Borrower or any guarantor has
with Lender, including any agreement made in connection with the signing of this
Note;  (b)  Borrower or any guarantor ceases doing business or is insolvent; (c)
any  guarantor  seeks,  claims  or otherwise attempts to limit, modify or revoke
such  guarantor's  guarantee  of  this  Note  or any other loan with Lender; (d)
Borrower  has  applied  funds  provided pursuant to this Note for purposes other
than  those  authorized  by  Lender;  or  (e)  Lender in good faith deems itself
insecure  under  this  Note  or any other agreement between Lender and Borrower.

ADDITIONAL PROVISION.  Any advance that Lender in its sole discretion may permit
after  the  final  payment  date  provided in the Note will be due on demand and
otherwise  subject  to  the  terms  of  this  Note.

LIBOR  ADDENDUM  -  1  MONTH.  An  exhibit, titled 'LIBOR ADDENDUM - 1 MONTH, is
attached  to this Note and by this reference is made a part of this Note just as
if  all  the  provisions, terms and conditions of the Exhibit had been fully set
forth  in  this  Note.

GENERAL  PROVISIONS.  This  Note is payable on demand. The inclusion of specific
default  provisions  or  rights  of  Lender shall not preclude Lender's right to
declare  payment of this Note on its demand. Lender may delay or forgo enforcing
any  of its rights or remedies under this Note without losing them. Borrower and
any  other  person  who  signs,  guarantees or endorses this Note, to the extent
allowed  by  law,  waive  presentment, demand for payment, protest and notice of
dishonor.  Upon  any  change  in  the  terms  of this Note, and unless otherwise
expressly  stated  in  writing,  no party who signs this Note, whether as maker,
guarantor,  accommodation  maker  or endorser, shall be released from liability.
All  such  parties agree that Lender may renew or extend (repeatedly and for any
length  of  time) this loan, or release any party or guarantor or collateral; or
impair,  fail  to  realize  upon  or  perfect  Lender's security interest in the
collateral;  and  take  any  other action deemed necessary by Lender without the
consent  of  or  notice  to  anyone. All such parties also agree that Lender may
modify this loan without the consent of or notice to anyone other than the party
with  whom  the  modification  is  made.

PRIOR  TO  SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF
THIS  NOTE,  INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO
THE  TERMS OF THE NOTE AND ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE NOTE.

BORROWER:

UTAH  MEDICAL  PRODUCTS,  INC.

BY:     /S/  KEVIN  L.  CORNWELL
   ---------------------------------
KEVIN  L  CORNWELL,  CHAIRMAN  &  CEO


                            LIBOR ADDENDUM - 1 MONTH


BORROWER: UTAH MEDICAL PRODUCTS, INC.    LENDER: KEYBANK  NATIONAL ASSOCIATION
          7043  SOUTH  300  WEST             CENTRAL COMMERCIAL BANKING CENTER
          MIDVALE,  UT  84047                    P.O.  BOX  30815
                                                 505  MAIN  ST,  SUITE  2007
                                                 SALT LAKE CITY, UT 84130-0815

THIS  LIBOR  ADDENDUM  -  1 MONTH IS ATTACHED TO AND BY THIS REFERENCE IS MADE A
PART  OF  EACH  PROMISSORY  NOTE  OR CREDIT AGREEMENT, DATED APRIL 14, 2000, AND
EXECUTED  IN  CONNECTION  WITH  A LOAN OR OTHER FINANCIAL ACCOMMODATIONS BETWEEN
KEYBANK  NATIONAL  ASSOCIATION  AND  UTAH  MEDICAL  PRODUCTS,  INC

LIBOR  ADDENDUM
(Line  of  Credit  One-Month  Rate)


1.     DEFINITIONS: For the purposes of this Addendum, the following definitions
will  apply:



          "Business  Day"  means  a  day on which dealings are carried on in the
London  interbank  eurodollar  market.

          "LIBOR  Interest  Period"  means  the period commencing on the date an
advance  bearing interest at the LIBOR Rate is made, continued, or converted and
continuing  for one month, with successive periods commencing on the same day of
each  month  thereafter;

          "LIBOR Rate" means the rate per annum calculated by the Lender in good
faith,  which  Lender  determines  with reference to the rate per annum (rounded
upwards  to  the  next higher whole multiple of 1/16% if such rate is not such a
multiple)  at which deposits in United States dollars are offered by prime banks
in  the London interbank eurodollar market two Business Days prior to the day on
which  such rate is calculated by Bank, in an amount comparable to the amount of
such  advance  and  with  a  maturity  equal  to  the  LIBOR  Interest  Period;

          "LIBOR  Reserve  Requirements" means, for any advance bearing interest
at  the LIBOR Rate, the maximum reserves (whether basic, supplemental, marginal,
emergency,  or  otherwise)  prescribed  by the Board of Governors of the Federal
Reserve  System  (or  any  successor)  with  respect  to  liabilities  or assets
consisting of or including Eurocurrency liabilities" (as defined in Regulation D
of  the Board of Governors of the Federal Reserve System) having a term equal to
the  term  of  such  advance.

          "Margin'  means  ONE  AND  FORTY FIVE ONE-HUNDREDTHS percent (1.45 %).

          Note  Rate"  means the interest rate provided for in the Note based on
the  Lender's  Prime  Rate  (as  defined  in  the  Note).

2.     INTEREST  RATE.  Notwithstanding  anything  contained  in the Note to the
contrary,  advances  under  the  Note  shall  bear  interest  at a fixed rate of
interest  equal  to  the  LIBOR Rate plus the Margin for the duration of a LIBOR
Interest  Period;  provided  that  no such advance shall be in an amount of less
than  $100,000.00, and provided further that no LIBOR Interest Period may extend
beyond  the  maturity date of the Note. Upon the expiration of the initial LIBOR
Interest  Period,  Borrower  may  elect  a  new  LIBOR Rate or the Note Rate. If
Borrower fails to make an election, the advances will bear interest at the LIBOR
Rate plus the Margin for consecutive LIBOR Interest Periods until an election is
made. During any LIBOR Interest Period, Borrower shall continue to make interest
payments  as  required  by  the  Note.

3.     INCREASED COSTS.  If, because of the introduction of or any change in, or
because  of  any  judicial, administrative, or other governmental interpretation
of,  any law or regulation, there shall be any increase in the cost to Lender of
making,  funding,  maintaining,  or  allocating  capital  to any advance bearing
interest  at  the  LIBOR Rate, including a change in LIBOR Reserve Requirements,
then  Borrower  shall,  from  time  to time upon demand by Lender, pay to Lender
additional  amounts  sufficient  to  compensate  Lender for such increased cost.

4.     ILLEGALITY.  lf,  because  of  the  introduction  of or any change in, or
because  of  any  judicial, administrative, or other governmental interpretation
of,  any  law  or  regulation,  it becomes unlawful for Lender to make, fund, or
maintain  any advance at the LIBOR Rate, then Lender's obligation to make, fund,
or  maintain  any  such  advance  shall  terminate and each affected outstanding
advance  shall  be  converted to the Note Rate on the earlier of the termination
date  for  each  LIBOR  Interest  Period  or  the  date  the making, funding, or
maintaining  of  each  such  advance  becomes  unlawful.

5.     REIMBURSEMENT  OF COSTS.  If Borrower repays any advance bearing interest
at  the  LIBOR  Rate  prior  to the end of the applicable LIBOR Interest Period,
including  without  limitation  a  prepayment  under  paragraphs  3  or 4 above,
Borrower  shall  reimburse  Lender  on  demand for any resulting loss or expense
incurred by Lender, including without limitation any loss or expense incurred in
obtaining,  liquidating  or reemploying deposits from third parties. A statement
as  to  the  amount  of  such  loss  or  expense,  prepared in good faith and in
reasonable  detail  by  Lender and submitted by Lender to the Borrower, shall be
conclusive  and  binding  for all purposes absent manifest error in computation.
Calculation  of all amounts payable to Lender under this paragraph shall be made
as  though  Lender  shall  have  actually  funded  the  relevant advance through
deposits  or other funds acquired from third parties for such purpose; provided,
however,  that Lender may fund any advance bearing interest at the LIBOR Rate in
any  manner  it sees fit and the foregoing assumption shall be utilized only for
purposes  of calculation of amounts payable under this paragraph. Lender will be
entitled  to receive the reimbursement provided for herein regardless of whether
the  prepayment is voluntary or involuntary (including demand or acceleration of
the  Note  upon  Borrower's  default).

THIS  LIBOR  ADDENDUM  -  1  MONTH  IS  EXECUTED  ON  APRIL  14,  2000.

BORROWER:

UTAH  MEDICAL  PRODUCTS,  INC.

BY:      /S/  KEVIN  L.  CORNWELL
    -----------------------------
     KEVIN  L.  CORNWELL,  CHAIRMAN  &  CE0



LENDER:

KEYBANK  NATIONAL  ASSOCIATION

BY:    /S/  JOHN  P.  NORAWONG
    --------------------------
     AUTHORIZED  OFFICER