**Exhibit 10.14**
COMMERCIAL LOANNOTE NO. __________________PROMISSORY NOTE$6,000,000.00Date:  October 29, 2002Indianapolis, Indiana
        The   undersigned,   for   valuereceived,  promises  to pay to the order of The  Provident  Bank,  at any of itsoffices,  the sum of Six  Million  Dollars  ($6,000,000)  (the  “**MaximumCredit**”)  or so much  thereof as is lent by the holder  pursuant to theprovisions hereof,  together with interest until demand or maturity at the ratesand on the dates set forth in the Agreement  (hereinafter  defined)  computed onthe basis of a year of 360 days for the actual number of days elapsed, and afterdefault  hereunder,  demand  or  maturity,  whether  at  stated  maturity  or byacceleration,  at a rate four (4)  percentage  points greater than the otherwiseapplicable rate (the “**Default Rate**”). Interest shall be due andpayable on the first day of each month and at maturity and as otherwise providedin the  Agreement.  Principal  shall be due and  payable  on the Line of  CreditMaturity Date and the undersigned shall make such mandatory  principal  paymentsas are required to be made under Section 2.3.1 of the Agreement. 

        The  undersigned  hereby  statesthat the  purpose  of the loan  evidenced  by this Note is for  working  capitalpurposes. 

        This Note is issued pursuant to,is entitled to the benefit of, and is subject to the  provisions of that certainCredit Agreement between Borrower and Bank as of even date herewith (as the samemay be amended from time to time,  the  “**Agreement**”).  Advancesunder this Note shall be made in accordance  with the Agreement.  The Agreement,among other things, contains a description of the collateral securing this Note,the definitions of the proper nouns used herein and provisions for  accelerationupon the happening of certain stated events. 

        Notwithstanding  anything to thecontrary  contained herein or in any other agreement between the undersigned andthe  holder,  if this Note  provides  that the  principal  hereof is  payable ondemand, then this Note is a demand Note due and owing immediately, without priordemand of the holder and immediate action to enforce its payment may be taken atany time,  without  notice and without  reason.  If any payment of  principal orinterest is not paid when due, or if the holder  deems  itself  insecure for anyreason,  including  but not limited  to, the  insolvency,  bankruptcy,  businessfailure,  death,  default in the payment of other obligations or receivership ofor  concerning  any maker,  guarantor or indorser  hereof,  this Note shall,  ifpayable other than on demand,  at the option of its holder,  become  immediatelydue and  payable,  without  demand or notice.  The  undersigned  shall  promptlyprovide such financial  information as the holder shall reasonably  request fromtime to time. 

Page 1 of a Note Containing Three Pages dated October 29, 2002 from BIOANALYTICAL SYSTEMS, INC. to THE PROVIDENT BANK.
        As  collateral  security for thepayment of the  amounts  from time to time  owing  hereunder,  Borrower  and allindorsers hereby grants to the holder a security interest in (i) all property inwhich the holder now or hereafter holds a security  interest pursuant to any andall assignments, pledges and security agreements between the undersigned and theholder and (ii) all accounts,  securities and properties now or hereafter in thepossession of the holder and in which the  undersigned or any indorsers have anyinterest. Upon this Note becoming due under any of its terms and provisions, andnot being fully paid and satisfied, the total sum then due hereunder may, at anytime  and from  time to  time,  be  charged  against  any  account  or  accountsmaintained  with the holder  hereof by any of the  undersigned  or any indorser,without notice to or further  consent from any of them, and the  undersigned andall  indorsers  agree to be and  remain  jointly  and  severally  liable for allremaining  indebtedness  represented  by this Note in  excess  of the  amount oramounts so applied. 

        There  will be a minimum financecharge of $50.00 for each billing period.  Prime rate is that annual  percentagerate of interest which is established by The Provident Bank from time to time asits prime  rate,  whether  or not such  rate is  publicly  announced,  and whichprovides  a base to  which  loan  rates  may be  referenced.  Prime  rate is notnecessarily  the lowest lending rate of The Provident  Bank. A rate based on theprime rate will change each time and as of the date that the prime rate changes.If any  payment  of  principal  or  interest  in  not  paid  when  due or if theundersigned  shall  otherwise  default  in the  performance  of its  obligationshereunder  or under any other note or agreement  with the holder,  the holder atits option, may charge and collect,  or add to the unpaid balance hereof, a latecharge up to the  greater of $250 or .1% of the  unpaid  balance of this Note atthe time of such  delinquency  for each  such  delinquency  to cover  the  extraexpense incident to handling delinquent  accounts,  and/or increase the interestrate on the unpaid balance to the Default Rate.  The holder may charge  interestat the rate provided  herein on all interest and other  amounts owing  hereunderwhich are not paid when due. 

        The  undersigned,  all indorsershereof,  any  other  party  hereto,  and  any  guarantor  hereof   (collectively**“Obligors**”)  each (i) waive(s)  presentment,  demand, notice ofdemand,  protest,  notice of protest and notice of dishonor and any other noticerequired  to be  given  by law in  connection  with  the  delivery,  acceptance,performance, default or enforcement of this Note, of any indorsement or guarantyof this Note or of any  document  or  instrument  evidencing  any  security  forpayment  of this  Note;  (ii)  waive(s)  any and all  rights  and  relief  undervaluation and  appraisement  laws;  and (iii)  consent(s) to any and all delays,extensions,  renewals or other modifications of this Note or waivers of any termhereof or release or  discharge  by the holder of any of  Obligors  or  release,substitution  or exchange of any security for the payment  hereof or the failureto act on the part of the holder or any  indulgence  shown by the  holder,  fromtime to time and in one or more instances,  (without notice to or further assentfrom any of  Obligors)  and  agree(s)  that no such  action,  failure  to act orfailure to exercise any right or remedy,  on the part of the holder shall in anyway affect or impair the obligations of any Obligors or be construed as a waiverby the holder of, or otherwise  affect,  any of the  holder’s  rights underthis Note,  under any indorsement or guaranty of this Note or under any documentor instrument  evidencing any security for payment of this Note. The undersignedand all  indorsers  further  agree to  reimburse  the holder  for all  advances,charges, costs and expenses, including reasonable attorneys’ fees, incurredor paid in exercising any right,  power or remedy  conferred by this Note, or inthe enforcement thereof. If the undersigned are more than one (1), the liabilityof   the   undersigned   hereon   is   joint   and   several,   and   the   term“undersigned”,  as  used  herein,  means  any  one or  more  of  them.

Page 2 of a Note Containing Three Pages dated October 29, 2002 from BIOANALYTICAL SYSTEMS, INC. to THE PROVIDENT BANK.
        All  payments  under  this  Noteshall be made without relief from, or the benefit of, valuation and appraisementlaws. 

        THE   PROVISIONS  OF  THIS  NOTESHALL BE GOVERNED BY AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF INDIANA.  ASA SPECIFICALLY BARGAINED INDUCEMENT FOR THE HOLDER TO EXTEND CREDIT TO BORROWER,AND AFTER HAVING THE  OPPORTUNITY TO CONSULT  COUNSEL,  THE  UNDERSIGNED AND ALLINDORSERS  HEREBY  EXPRESSLY  WAIVE THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT ORPROCEEDING  RELATED TO THIS NOTE OR ARISING IN ANY WAY FROM ANY  INDEBTEDNESS OROTHER  TRANSACTIONS  INVOLVING THE HOLDER AND THE  UNDERSIGNED,  THE UNDERSIGNEDHEREBY  DESIGNATE(S) ALL COURTS OF RECORD SITTING IN  INDIANAPOLIS,  INDIANA ANDHAVING JURISDICTION OVER THE SUBJECT MATTER,  STATE AND FEDERAL, AS FORUMS WHEREANY  ACTION,  SUIT OR  PROCEEDING  IN RESPECT OF OR ARISING  FROM OR OUT OF THISNOTE, ITS MAKING, VALIDITY OR PERFORMANCE,  MAY BE PROSECUTED AS TO ALL PARTIES,THEIR SUCCESSORS AND ASSIGNS,  AND BY THE FOREGOING  DESIGNATION THE UNDERSIGNEDCONSENT(S) TO THE JURISDICTION AND VENUE OF SUCH COURTS. 

        IN WITNESS WHEREOF, Borrower hascaused this Note to be executed by its duly authorized officer as of the day andyear first hereinabove written. 
BIOANALYTICAL SYSTEMS, INC.By:  /s/ Peter T. KissingerPrinted:  Peter T. KissingerTitle:  CHM/CEOAddress:  2701 Kent Avenue               West Lafayette, IN 47906
Page 3 of a Note Containing Three Pages dated October 29, 2002 from BIOANALYTICAL SYSTEMS, INC. to THE PROVIDENT BANK.