Exhibit 10 (h)

$15,000,000.00                                               New York,  New York
                                                                   June 30, 1995

         1. For value received,  the  undersigned,  by this promissory note (the
"Note")  unconditionally  promises  to pay to the  order of  CHEMICAL  BANK (the
"Bank") at any of its banking  offices in New York, New York, in lawful money of
the United States and  immediately  available  funds,  the  principal  amount of
Fifteen  Million and 00/100  Dollars  ($15,000,000.00)  or the aggregate  unpaid
principal balance of all advances made by the Bank to the undersigned, whichever
is less,  together with interest on each advance,  in like money and funds, at a
rate  determined by the Bank in its sole discretion at the time of such advance.
Each advance shall be payable on the maturity date  thereof,  as agreed  between
the Borrower and the Bank on the date of such advance,  provided that no advance
may mature after June 30, 1996 (the "Final  Maturity  Date").  Interest shall be
payable on the  maturity  date of each  advance and upon any  prepayment  of any
advance.

         2. If all or any  portion  of any  advance  shall  not be paid when due
(whether as stated,  by  acceleration  or  otherwise)  such  advance  shall bear
interest,  for the period from the due date of such  advance  until the maturity
date  thereof,  at the rate per annum  which is equal to 2% above the rate which
would  otherwise  be  applicable  hereunder  and  thereafter  until  the  unpaid
principal  amount  thereof shall be paid in full, at the rate per annum which is
equal to 2% above the rate of interest publicly  announced by the Bank from time
to time in New York,  New York as its prime rate.  Each  change in the  interest
rate hereon  resulting  from a change in the prime rate of the Bank shall become
effective  as of the opening of business on the day on which such change in such
prime rate occurs.  Interest  shall be calculated on the basis of a 360 day year
for actual days elapsed.  Anything in this Note to the contrary notwithstanding,
the Bank shall not be permitted to charge or receive,  and the undersigned shall
not be  obligated  to pay,  interest in excess of the maximum  rate from time to
time  permitted  by  applicable  law:  provided,  however,  if the maximum  rate
permitted by law changes, the rate hereunder shall change, without notice to the
undersigned, on the same day the maximum rate permitted by law changes.

         3. The undersigned may not prepay any advance unless it shall reimburse
the  Bank on  demand  for  any  loss  incurred  or to be  incurred  by it in the
reemployment  of the funds released by any such  prepayment.  Such loss shall be
the  difference,  as determined  by the Bank,  between the cost of obtaining the
funds for the advance or advances  (or portion  thereof)  prepaid and any lesser
amount which may be realized by the Bank in  reemploying  the funds  received in
prepayment during the period from the date of prepayment to the maturity date of
each advance prepaid.

         4. If any amount becomes due and payable under this Note on a Saturday,
Sunday or other day on which  commercial banks are authorized to close under the
laws of the State of New York,  the  maturity  thereof  shall be extended to the
next succeeding  business day and interest  thereon shall be payable during such
extension at the rate applicable to the Note prior to such extension.

         5. The  undersigned  shall pay all reasonable  out-of-pocket  costs and
expenses  incurred by the Bank in connection with the  preparation,  development
and execution of this note and any amendment, supplement or modification hereto,
including, without limitation, the fees and disbursements of counsel to the Bank
(which may include allocation of the cost of in-house counsel to the Bank).
<PAGE>
         6. Upon occurrence, with respect to any maker, endorser or guarantor of
any of the following: default in payment of this Note or any other obligation of
any nature or description to the Bank  (collectively,  the  "Obligations");  any
other violation of any covenant or condition of any of the Obligations;  calling
a meeting of any creditors;  filing of a voluntary or involuntary petition under
the Federal Bankruptcy Code which, in the case of an involuntary petition is not
dismissed,  discharged  or  bonded  with 60 days of the  date of such  petition;
insolvency;  entry of a judgment;  failure to pay or remit any tax when assessed
or due unless  contested  in good faith by  appropriate  proceedings,  for which
adequate  reserves  are being  provided;  death (in the case of an  individual),
termination  (in the case of a  partnership)  or  dissolution  (in the case of a
corporation);  granting a  security  interest  in any  property;  suspension  or
liquidation of usual business;  failing to furnish  financial  information or to
permit inspection of books or records;  making any misrepresentation to the Bank
in  obtaining  credit;  or,  in the  Bank's  opinion,  impairment  of  financial
responsibility;  then  the  Obligations  shall  be due and  payable  immediately
without notice or demand.

         7. The  undersigned  agrees to indemnity  the Bank for, and to hold the
Bank  harmless  from,  any loss or expense  which the Bank may sustain or incur,
including any interest payment by the Bank to lenders of funds borrowed by it in
order to make or maintain the loans  evidenced  hereby as a  consequence  of (a)
default by the  undersigned  in payment of the principal  amount of, or interest
on,  this  Note and (b)  payment  by the  undersigned  on a day  other  than the
maturity  date of any  advance as a result of  acceleration  of the  obligations
hereunder or otherwise. This covenant shall survive payment of this Note.

         8. Each  advance,  and each  payment  made on account of the  principal
thereof,  shall be  endorsed by the holder on an  attachment  hereto on the date
such advance is made or a payment in  immediately  available  funds is received.
This Note shall be used to record all advances  and  payments of principal  made
hereunder  until it is surrendered  to the  undersigned by the Bank and it shall
continue to be used even  though  there may be periods  prior to such  surrender
when no amount of principal or interest is owing hereunder.

         9. The Bank shall have a  continuing  lien  and/or  right of set-off on
deposits  (general  and  special)  and  credits  with the  Bank of every  maker,
endorser  and  guarantor,  and may apply all or part of same to the  Obligations
(whether  contingent or unmatured),  at any time or times,  without notice.  The
Bank shall have a continuing  lien on all property of every maker,  endorser and
guarantor  and the proceeds  thereof held or received by or for the Bank for any
purpose.  Any notice of disposition  of property  shall be deemed  reasonable if
mailed at least 5 days  before  such  disposition  to the last  address  of such
maker,  endorser or guarantor on the Bank's  records.  Each maker,  endorser and
guarantor agrees to pay the costs and expenses  (including,  without limitation,
reasonable  attorneys' fees) of enforcing the Obligations.  Each maker, endorser
and guarantor waives protest and, in any litigation  (whether or not relating to
the  Obligations)  in which the Bank and any of them shall be  adverse  parties,
waives  the right to  interpose  any  set-off or  counterclaim  of any nature or
description  and any defense based upon any statute of  limitations or any claim
of laches. Time for payment extended by law shall be included in the computation
of interest.
<PAGE>
         10.  The  undersigned  hereby  irrevocably  (a)  submits,  in any legal
proceeding relating to this Note, to the non-exclusive in personam  jurisdiction
of any state or United  States  court of competent  jurisdiction  sitting in the
State of New York and  agrees to suit  being  brought  in any such  court,  (b)
agrees to service of process in any such legal  proceeding  by mailing of copies
thereof (by registered or certified mail, if practicable) postage prepaid, or by
telex,  to the  undersigned at the last known address of the  undersigned on the
books of the Bank, and (c) agrees that nothing contained herein shall effect the
Bank's right to effect service of process in any other manner  permitted by law;
and the  undersigned  and the Bank hereby  irrevocable  waive, in any such legal
proceeding trial by jury.

         11. This Note shall be governed by, and construed in  accordance  with,
the laws of the State of New York.

                                         COMPUTER HORIZONS CORP.


                                         By:  /s/  David W. Bialick
                                              Title:   Treasurer

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                              SCHEDULE OF ADVANCES
<TABLE>
<CAPTION>
                                                               UNPAID
                                    INTEREST     AMOUNT OF     PRINCIPAL     NOTATION
         AMOUNT OF    MATURITY      RATE PER     PRINCIPAL     BALANCE OF      MADE
DATE     ADVANCE      DATE          ANNUM        PAID          ADVANCE         BY
---      ---------    --------      --------     ---------     ----------    --------
<S>      <C>          <C>           <C>          <C>           <C>           <C>

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</TABLE>