Exhibit 10.4

[GRAPHIC OMITTED] NORWEST BANK MINNESOTA,
                  NATIONAL ASSOCIATION                               TERM NOTE B
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$1,000,000.00                                                   January 22, 1997

FOR VALUE RECEIVED, The Barbers, Hairstyling for Men & Women, Inc. (the
"Borrower") promises to pay to the order of Norwest Bank Minnesota, National
Association (the "Bank"), at its principal office or such other address as the
Bank or holder may designate from time to time, the principal sum of One Million
and 00/100 Dollars ($1,000,000.00), or the amount shown on the Bank's records to
be outstanding, plus interest (calculated on the basis of actual days elapsed in
a 360-day year) accruing on the unpaid balance at the annual rate of interest
defined below. Absent manifest error the Bank's records will be conclusive
evidence of the principal and accrued interest owing hereunder.

INTEREST RATE. The principal balance outstanding under this Term Note B will
bear interest at an annual rate equal to the Base Rate, floating. The Base Rate
is the "base" or "prime" rate of interest established by the Bank from time to
time at its principal office in Minneapolis, Minnesota.

REPAYMENT TERMS

INTEREST. Interest only shall be payable on the 10 day of each month, beginning
February 10, 1997.

PRINCIPAL AND INTEREST. Beginning February 10, 1998, principal only shall be
payable in successive monthly installments of Thirteen Thousand Eight Hundred
Eighty-Eight and 00/100 Dollars ($13,888.00). In addition, interest shall be
payable monthly, beginning February 10, 1998. The remaining principal balance,
plus any accrued interest, shall be fully due and payable on January 10, 2004.

CHANGES IN PAYMENT AMOUNT. Following an increase in the interest rate and upon
at least 15 days advance written notice to the Borrower, the Bank, in its
discretion, may increase the Borrower's monthly payment in an amount sufficient
to insure that this Term Note B will fully amortize over the remainder of the
original 84-month period used to calculate the original amortization of this
Term Note B.

APPLICATION OF PAYMENTS. Each payment shall be applied as scheduled or as the
Bank in its discretion deems appropriate.

PREPAYMENT. The Borrower may prepay this Term Note B in full or in part at any
time. Each prepayment shall be applied as scheduled or as the Bank in its sole
discretion may deem appropriate. Such prepayment shall not excuse the Borrower
from making subsequent payments as scheduled above until the indebtedness is
paid in full.

ADDITIONAL TERMS AND CONDITIONS. This Term Note B is issued pursuant to a Term
Loan and Credit Agreement of even date between the Bank and the Borrower (the
"Agreement"). The Agreement, and any amendments or substitutions, contains
additional terms and conditions, including default and acceleration provisions,
which are incorporated into this Term Note B by reference. Capitalized terms not
expressly defined herein shall have the meanings given them in the Agreement.
The Borrower agrees to pay all costs of collection, including reasonable
attorneys' fees and legal expenses incurred by the Bank if this Term Note B is
not paid as provided above. This Term Note B shall be governed by the
substantive laws of the State of Minnesota.

WAIVER OF PRESENTMENT AND NOTICE OF DISHONOR. Borrower and any other person who
signs, guarantees or endorses this Term Note B, to the extent allowed by law,
hereby waives presentment, demand for payment, notice of dishonor, protest, and
any notice relating to the acceleration of the maturity of this Term Note B.


THE BARBERS, HAIRSTYLING FOR MEN & WOMEN, INC.

BY:   /s/ J. BRENT HANSON
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ITS:  VICE PRESIDENT AND CHIEF FINANCIAL OFFICER