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                                                                   EXHIBIT 10.11

                             PROGRAMMED LENDING NOTE



$7,500,000.00                                                       MAY 31, 2000


                                        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 SEVEN MILLION FIVE HUNDRED THOUSAND 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 9.50%. 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, 2000, AND CONTINUING
MONTHLY THEREAFTER; and, if not sooner paid, all unpaid principal and accrued
interest shall be due and payable on MAY 31, 2001

         [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




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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 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 5-31-2000
(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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