DEMAND GRID NOTE
                                                              New York, New York
$4,000,000.00                                                     Date: 2/24, 97


     ON DEMAND,  the undersigned  ("Maker")  promises to pay to the order of THE
DIME  SAVINGS  BANK OF NEW YORK,  FSB  ("Bank")  at its  corporate  headquarters
located at 589 Fifth Avenue,  New York,  New York 10017 or at any of its banking
offices  in New York as Bank may  designate  by  written  notice to  Maker,  the
principal sum of FOUR MILLION  ($4,000,000.00)  DOLLARS or so much  thereof,  as
shall be advanced by Bank to Maker,  in Bank's sole  discretion  and not repaid,
together with interest on the unpaid  principal  amount hereof from time to time
outstanding  from the date  hereof  until the date on which this Note is paid in
full at the rate set forth below.

     Interest on the unpaid  principal of this Note will be due and payable when
demand is made for payment of the principal of this Note and (indicate whichever
is applicable):

          [x] on the last day of each month.

          [ ] on the day of each

     Prior to the date that demand is made for payment of the principal  hereof,
this Note shall bear interest at a rate (the "Contract Rate") equal to (indicate
whichever is applicable):

          [ ] a fixed rate of _ % per annum..

          [X] a fluctuating  rate of 1% per annum above the Reference  Rate (as
              defined  below),  such rate to change without notice from time to
              time with each change in the Reference Rate.

After demand is made for payment of the principal of this Note,  interest  under
this Note shall be payable on demand and shall accrue at a fluctuating  rate per
annum equal to 2% per annum above (i) if the Contract Rate is a fixed rate,  the
Contract  Rate, or (ii) if the Contract Rate is a fluctuating  rate, the greater
from  time to time of (x) the  Contract  Rate in  effect  on the  date  that the
principal  became due and (y) the  Contract  Rate that would have been in effect
from  time to time if the  principal  had not  become  due.  Interest  shall  be
calculated on the basis of a 360-day year for actual days  elapsed.  In no event
shall the interest  rate  applicable at any time to this Note exceed the maximum
rate  permitted  by  law.  As used  herein,  "Reference  Rate"  means  the  rate
established  by Bank from time to time at its principal  domestic  office as its
reference  lending rate for domestic  commercial  loans.  Bank may make loans to
customers above, at or below the Reference Rate.

     This Note evidences loans made by Bank to Maker in Bank's sole  discretion,
from time to time. The unpaid  principal  balance of this Note at any time shall
be the total amount  advanced by Bank to Maker in Bank's sole  discretion,  less
the total amount of principal payments made hereon by Maker. The date and amount
of each such loan and each  payment  on  account  of  principal  thereof  may be
endorsed by Bank on the grid attached to and made a part of this Note,  and when
so endorsed shall represent  evidence  thereof binding upon Maker in the absence
of manifest error. Any failure by Bank to so endorse shall in no way mitigate or
discharge the obligation of Maker to repay any loans  actually  made.  Maker may
prepay this Note in whole at any time with all  accrued  interest to the date of
repayment.  So long as Maker is not in default under this Note, Maker may prepay
this Note in part at any time with accrued interest to the date of prepayment on
the principal amount prepaid.

     Requests for loans to Maker from Bank and directions as to the  disposition
of the  proceeds  thereof may be given orally  (including  by  telephone)  or in
writing to Bank by the officers of Maker or other  persons  authorized to borrow
on  Maker's  behalf by  borrowing  resolutions  of  Maker's  Board of  Directors
heretofore  delivered to Bank, as such  resolutions may be amended or superseded
from time to time,  provided that any such amending or  superseding  resolutions
shall have been  certified by the Secretary or an Assistant  Secretary of Maker,
and a copy  thereof,  so certified,  shall have been  delivered to an officer of
Bank at its office for payment.  Bank may  conclusively  rely on the authorities
contained  in said  resolutions.  Any such  loan so made  shall be  conclusively
presumed  to have been made to or for the  benefit  of Maker and Maker  shall be
liable in  respect  thereof  when made in  accordance  with any such  request or
direction,  or when  deposited  to any  account of Maker with Bank,  even though
persons  other  than  those  authorized  to  borrow  on behalf of Maker may have
authority  to draw against  such  account.  Bank may rely on any such request or
direction which it believes to be genuine,  and Bank shall be fully protected in
so doing  without any duty to make further  inquiry as to such  genuineness.  By
making a  request  for a loan,  Maker  shall be deemed  to be  representing  and
warranting  to Bank  that on such  date  Maker  is not in  breach  of any of its
covenants to Bank set forth in this Note or in any other document or instruments
of Maker to Bank and no event of default has  occurred  and is  continuing  with
respect to any Obligations (as defined below).

     This Note shall be payable in lawful money of the United  States of America
in immediately available funds. Except as otherwise provided herein with respect
to  prepayments,  all  payments  on this Note shall be applied to the payment of
accrued  interest before being applied to the payment of principal.  Any payment
which is required to be made on a day which is not a banking business
<PAGE>
day in the City of New York  shall be  payable  on the next  succeeding  banking
business day and such  additional  time shall he included in the  computation of
interest.  In the event that any other Obligations are due at any time that Bank
receives  a  payment  from  Maker on  account  of this  Note or any  such  other
Obligations,  Bank may apply such payments to amounts due under this Note or any
such  other  Obligations  in such  manner as Bank,  in its  discretion,  elects,
regardless of any instructions from Maker to the contrary.

     Maker  acknowledges  that this Note is an  obligation  which is  payable on
demand  and  that  notwithstanding   anything  to  the  contrary  in  any  other
instrument,  agreement or other  document to which Maker and/or Bank is a party,
the enumeration in any such document of specific  events of default,  conditions
and/or  covenants  relating to the loan  evidenced  by this Note or to any other
Obligation,  shall not be construed to qualify, define or otherwise limit in any
way Bank's right,  power or ability,  at any time, to make demand for payment of
the principal of and interest on this Note, and Maker agrees that the occurrence
of any event of  default  or breach of any  condition  or  covenant  in any such
document is not the only basis for demand to be made on this Note.

     To induce  Bank,  in its sole  discretion,  to make  loans to Maker,  Maker
represents,  warrants and covenants to Bank that (i) Maker is duly organized and
validly existing in good standing under the laws of its jurisdiction,  with full
power and authority to make,  deliver and perform this Note; (ii) the execution,
delivery and  performance by Maker of this Note have been duly authorized by all
necessary  legal  action and do not and will not  violate or  conflict  with its
organizational  documents or any law, rule, regulation or order binding on Maker
or any agreement or instrument to which Maker is a party or which may be binding
on  Maker;   (iii)  this  Note  has  been  fully   executed  by  an   authorized
representative of Maker anti constitutes a legal, valid, binding and enforceable
obligation  of  Maker;  (iv)  no  authorization,   consent,  approval,  license,
exemption  of or  filing  or  registration  with,  any  court or  government  or
governmental agency is or will be necessary to the valid execution,  delivery or
performance by Maker of this Note; (v) the loans  evidenced by this Note will be
used  solely  for  working  capital  purposes;  (vi)  there  are no  pending  or
threatened actions, suits or proceedings against or affecting Maker by or before
any court,  commission,  bureau or other governmental agency or instrumentality,
which individually or in the aggregate,  if determined adversely to Maker, would
have a material  adverse  effect on the  business,  properties,  operations,  or
condition, financial or otherwise, of Maker; and (vii) the most recent financial
statements  of Maker  heretofore  delivered to Bank are complete and correct and
since the date thereof there has not occurred any material adverse change in the
financial  condition or  operations  of Maker from that shown on said  financial
statements.

     Upon the occurrence of any of the following  (each,  an "Event of Default")
with respect to any Maker,  indorser or guarantor of the indebtedness  evidenced
by this Note: (i) default in payment of any amount due under this Note or in the
payment or  performance  of any other  Obligation  or agreement of any nature or
description  to or  with  Bank;  (ii)  any of  them  shall  commence  any  case,
proceeding  or other action under any law  relating to  bankruptcy,  insolvency,
reorganization or relief of debtors, seeking to have an order for relief entered
with respect to any of them, or seeking to adjudicate  any of them a bankrupt or
insolvent,  or  seeking  reorganization,  arrangement,  adjustment,  winding-up,
liquidation,  dissolution,  composition  or other  relief with respect to any of
them or any of their  debts,  or seeking  appointment  of a  receiver,  trustee,
custodian  or  other  similar  official  for  any  of  them  or  for  all or any
substantial  part of the  assets  of any of them,  or any of them  shall  make a
general assignment for the benefit of its creditors, or there shall be commenced
against any of them any case, proceeding or other action of a nature referred to
in this clause (ii),  or there shall be commenced  against any of them any case,
proceeding  or  other  action  seeking  issuance  of a  warrant  of  attachment,
execution,  distraint or similar process against all or any substantial  part of
the  assets of any of them  which  results in the entry of an order for any such
relief,  or any of them shall take any action in  furtherance  of, or indicating
its consent to,  approval of, or  acquiescence  in, any of the acts set forth in
this clause (ii), or any of them shall  generally not, or shall be unable to, or
shall admit in writing its inability to, pay its debts as they become due; (iii)
entry of a judgment  against any of them;  (iv)  failure to pay or remit any tax
when assessed or due; (v) death or  dissolution;  (vi) making a bulk transfer or
sending notice of intent to do so; (vii) granting any security  interest  (other
than to Bank);  (viii)  suspension or  liquidation of the usual  business;  (ix)
failing to furnish Bank with any requested  financial  information or failing to
permit inspection of books or records by Bank or any of its agents, attorneys or
accountants;  (x) making any  misrepresentation  to Bank in obtaining credit for
any of them;  (xi)  impairment  of  financial  responsibility  of any of them in
Bank's good faith opinion;  (xii) Bank shall in good faith deem itself  insecure
at any time; or (xiii) the occurrence of a default or event of default under any
guarantee or security  agreement  guaranteeing  or securing any  Obligations  of
Maker; then, in the case of any Event of Default other than those referred to in
clause  (ii) of this  sentence,  Bank may declare by notice to Maker any and all
Obligations of Maker to be immediately due and payable, and in case of any Event
of Default referred to in clause (ii) of this sentence all of the Obligations of
Maker shall  automatically  become due and payable immediately without notice or
demand.

     Bank shall have a continuing lien and/or right of set-off on, and is hereby
granted a security  interest in, all deposits  (general and special) and credits
with Bank or any Bank Affiliate of any Maker and indorser,  and may apply all or
part of the same to any Obligations,  at any time or times, without notice. Bank
shall have a continuing  lien on, and is hereby granted a security  interest in,
all  property of every  Maker and  indorser  and the  proceeds  thereof  held or
received by or for Bank or any Bank  Affiliate  for any purpose,  whether or not
for the express purpose of serving as collateral  security for the  Obligations.
As used in this  Note,  the  term  "Bank  Affiliate"  includes  any  individual,
partnership  or  corporation  acting  as  nominee  or agent  for  Bank,  and any
corporation  or bank which is directly or indirectly  owned or controlled by, or
under common control with,  Bank. Any notice of disposition of property shall be
deemed  reasonable if mailed at least five days before such  disposition  to the
last  address  of  Maker or  indorser  on  Bank's  records.  If the  Obligations
evidenced by this Note are secured by a security agreement and/or other security
documents  which Maker has  separately  delivered  to Bank  (whether or not such
documents make specific reference to this Note),  reference to such documents is
made for a description of the collateral  provided  thereby and of the rights of
Maker and Bank  therein.  The rights and remedies of Bank provided for hereunder
are  cumulative  with the rights and remedies  available to Bank under any other
instruments  or agreements or under  applicable  law. As used in this Note,  the
term  "Obligations"  means all amounts  payable  under this Note and any and all
other indebtedness, obligations and liabilities of Maker to Bank, and all claims
of Bank against  Maker,  now existing or hereafter  arising,  direct or indirect
(including  participations  or any interest of Bank in  indebtedness of Maker to
others),  acquired  outright,  conditionally,  or as  collateral  security  from
another, absolute or contingent, joint or several, secured or unsecured, matured
or  unmatured,  monetary  or  non-monetary,  arising  out of  contract  or tort,
liquidated or  unliquidated,  arising by operation of law or otherwise,  and all
extensions,  renewals, refundings,  replacements and modifications of any of the
foregoing.

                                      -2-
<PAGE>
     In case of the  occurrence of an Event of Default,  each Maker and indorser
shall  be  jointly  and  severally  liable  for all  costs  of  enforcement  and
collection  of the Note  incurred  by Bank or any  other  holder  of this  Note,
including but not limited to reasonable attorney's fees, disbursements and court
costs.

     Maker and each indorser  hereby  separately  waive  presentment,  notice of
dishonor, protest and notice of protest, and any or all other notices or demands
(other than demand for  payments) in connection  with the delivery,  acceptance,
performance,  default,  endorsement  or guarantee of this Note. The liability of
any Maker or indorser  hereunder shall be unconditional  and shall not be in any
manner  affected by any  indulgence  whatsoever  granted or  consented to by the
holder  hereof,  including  but not limited to any  extension of time,  renewal,
waiver or other  modification.  Any failure of the holder to exercise  any right
hereunder  shall not be  construed as a waiver of the right to exercise the same
or any  other  right at any time and from time to time  thereafter.  Bank or any
holder  may accept  late  payments,  or partial  payments,  even  though  marked
"payment in full" or  containing  words of similar  import or other  conditions,
without waiving any of its rights.  No amendment,  modification or waiver of any
provision of this Note nor consent to any departure by Maker  therefrom shall be
effective,  irrespective  of any course of dealing,  unless the same shall be in
writing and signed by Bank,  and then such waiver or consent  shall be effective
only in the specific instance and for the specific purpose for which given. This
Note cannot be changed or  terminated  orally or by estoppel or waiver or by any
alleged  oral  modification   regardless  of  any  claimed  partial  performance
referable thereto.

     Any notice from Bank to Maker or any  indorser  shall be deemed  given when
delivered  to Maker or such  indorser  by hand or when  deposited  in the United
States mail and addressed to Maker or such indorser at the last address of Maker
or such indorser appearing on Bank's records.

     This Note shall be governed by and construed in accordance with the laws of
the State of New York applicable to instruments  made and to be performed wholly
within  that  state.  If any  provision  of this Note is held to be  illegal  or
unenforceable  for any reason  whatsoever,  such illegality or  unenforceability
shall not affect the validity of any other provision hereof.

     MAKER AND EACH INDORSER AGREE THAT ANY ACTION, DISPUTE,  PROCEEDING,  CLAIM
OR  CONTROVERSY  BETWEEN  MAKER OR SUCH INDORSER AND BANK,  WHETHER  SOUNDING IN
CONTRACT, TORT OR OTHERWISE ("DISPUTE" OR "DISPUTES") SHALL, AT BANK'S ELECTION,
WHICH ELECTION MAY BE MADE AT ANY TIME PRIOR TO THE  COMMENCEMENT  OF A JUDICIAL
PROCEEDING BY BANK, OR IN THE EVENT OF A JUDICIAL PROCEEDING INSTITUTED BY MAKER
OR SUCH INDORSER AT ANY TIME PRIOR TO THE LAST DAY TO ANSWER AND/OR RESPOND TO A
SUMMONS  AND/OR  COMPLAINT  MADE BY  MAKER  OR SUCH  INDORSER,  BE  RESOLVED  BY
ARBITRATION IN ACCORDANCE  WITH THE  PROVISIONS OF THIS PARAGRAPH AND SHALL,  AT
THE ELECTION OF BANK,  INCLUDE ALL DISPUTES ARISING OUT OF OR IN CONNECTION WITH
(1) THIS NOTE OR ANY RELATED  AGREEMENTS OR INSTRUMENTS,  (2) ALL PAST,  PRESENT
AND  FUTURE  AGREEMENTS  INVOLVING  MAKER OR SUCH  INDORSER  AND  BANK,  (3) ANY
TRANSACTION  RELATED TO THIS NOTE AND ALL PAST, PRESENT AND FUTURE  TRANSACTIONS
INVOLVING  MAKER OR SUCH  INDORSER  AND  BANK,  AND (4) ANY  ASPECT OF THE PAST,
PRESENT OR FUTURE  RELATIONSHIP  OF MAKER OR SUCH  INDORSER  AND BANK.  Bank may
elect to require  arbitration of any Dispute with Maker or any indorser  without
thereby being required to arbitrate all Disputes  between Bank and Maker or such
indorser.  Any  such  Dispute  shall  he  resolved  by  binding  arbitration  in
accordance  with Article 75 of the New York Civil Practice Law and Rules and the
Commercial Arbitration Rules of the American Arbitration Association ("AAA"). In
the  event  of any  inconsistency  between  such  Rules  and  these  arbitration
provisions,  these  provisions  shall  supercede  such  Rules.  All  statutes of
limitations  which would otherwise be applicable  shall apply to any arbitration
proceeding under this paragraph.  In any arbitration  proceeding subject to this
paragraph, the arbitration panel ("the arbitrator") is specifically empowered to
decide  (by  documents  only,  or  with  a  hearing,  at the  arbitrator's  sole
discretion)  pre-hearing motions which are substantially  similar to pre-hearing
motions to dismiss and motions for summary adjudication. In any such arbitration
proceeding,  the  arbitrator  shall  not have the  power or  authority  to award
punitive  damages to any party.  Judgment upon the award rendered may be entered
in any court having  jurisdiction.  Whenever an  arbitration  is  required,  the
parties shall select an arbitrator in the manner provided in this paragraph.  No
provision of, nor the exercise of any rights under,  this paragraph  shall limit
the  right of Bank  (1) to  foreclose  against  any  real or  personal  property
collateral  through judicial  foreclosure,  by the exercise of the power of sale
under a deed of trust,  mortgage  or other  security  agreement  or  instrument,
pursuant to applicable  provisions of the Uniform  Commercial Code, or otherwise
herein pursuant to applicable law, (2) to exercise  self-help remedies including
but not limited to set-off and repossession, or (3) to request and obtain from a
court  having  jurisdiction  before,   during  or  after  the  pendency  of  any
arbitration,  provisional  or ancillary  remedies and relief  including  but not
limited to injunctive or mandatory relief or the appointment of a receiver.  The
institution and maintenance of an action or judicial  proceeding for, or pursuit
of,  provisional or ancillary  remedies or exercise of self-help  remedies shall
not constitute a waiver of the right of Bank, even if Bank is the plaintiff,  to
submit the  Dispute to  arbitration  if Bank would  otherwise  have such  right.
Whenever an arbitration is required under this paragraph,  the arbitrator  shall
be  selected,  except as  otherwise  herein  provided,  in  accordance  with the
Commercial  Arbitration  Rules of the AAA. A single  arbitrator shall decide any
claim of $100,000 or less and he or she shall be an attorney  with at least five
years' experience.  Where the claim of any party exceeds $ 100,000,  the Dispute
shall be decided by a majority of three arbitrators,  at least two of whom shall
he  attorneys  (at  least  one of whom  shall  have not less  than  five  years'
experience  representing  commercial banks). The arbitrator shall have the power
to  award  recovery  of  all  costs  and  fees   (including   attorneys'   fees,
administrative  fees,  arbitrator's  fees,  and court  costs) to the  prevailing
party.  In the event of any  Dispute  governed  by this  paragraph,  each of the
parties shall, subject to the award of the arbitrator, pay an equal share of the
arbitrator's fees.

     MAKER AND EACH  INDORSER  AGREE  THAT ANY  ACTION,  SUIT OR  PROCEEDING  IN
RESPECT OF OR ARISING OUT OF THIS NOTE MAY BE INITIATED  AND  PROSECUTED  IN THE
STATE OR FEDERAL  COURTS,  AS THE CASE MAY BE,  LOCATED IN NEW YORK COUNTY,  NEW
YORK AND ANY  ARBITRATION  PROCEEDING  PURSUANT HERETO SHALL BE CONDUCTED IN NEW
YORK, NEW YORK. MAKER AND EACH INDORSER CONSENT TO AND SUBMIT TO THE EXERCISE OF
JURISDICTION  OVER ITS PERSON BY ANY SUCH  COURT  HAVING  JURISDICTION  OVER THE
SUBJECT MATTER, WAIVE PERSONAL SERVICE OF ANY AND ALL PROCESS


                                      -3-

<PAGE>




UPON IT AND CONSENT THAT ALL SUCH SERVICE OF PROCESS BE MADE BY REGISTERED  MAIL
DIRECTED  TO MAKER OR SUCH  INDORSER  AT ITS  ADDRESS  SET FORTH BELOW OR TO ANY
OTHER  ADDRESS AS MAY APPEAR IN BANK'S  RECORDS AS THE  ADDRESS OF MAKER OR SUCH
INDORSER.

     IN ANY  ACTION,  SUIT OR  PROCEEDING  IN RESPECT OF OR ARISING  OUT OF THIS
NOTE,  BANK,  MAKER AND EACH  INDORSER  WAIVE TRIAL BY JURY,  AND MAKER AND EACH
INDORSER ALSO WAIVE (I) THE RIGHT TO INTERPOSE ANY DEFENSE BASED UPON ANY CLAIMS
OR LACHES OR SET-OFF OR  COUNTERCLAIM  OF ANY  NATURE OR  DESCRIPTION,  (II) ANY
OBJECTION  BASED ON FORUM  NON  CONVENIENS  OR  VENUE,  AND  (III) ANY CLAIM FOR
CONSEQUENTIAL, PUNITIVE OR SPECIAL DAMAGES.

     Bank is  authorized  to fill in any blank spaces and to otherwise  complete
this Note and correct any patent errors herein.


THE SOLOMON-PAGE GROUP

 Name of Maker
 By: /s/ Eric M. Davis
 ----------------------------------
 Signature of Authorized Signatory


 Eric M. Davis, CFO, V.P. Finan
 ----------------------------------
 Print Name and Title

1140 Avenue of  the Americas New York, New York 10036
 ----------------------------------
Address for Notices


                    The Maker signing above is a:

                    [ ] partnership organized under the laws of 
                        _________________

                    [ ] limited partnership organized under the laws of
                        _________________

                    [X] corporation organized under the laws of    Delaware

                    [ ] limited liability company organized under the laws of
                        __________________

                    [ ] other (specify): _________________________


                                      -4-

<PAGE>


                         LOANS AND PAYMENTS OF PRINCIPAL


<TABLE>
<CAPTION>
                                                           Amount Of           Unpaid
                     Loan              Amount of           Principal          Principal       Notation
   Date               No.                 Loan              Paid               Balance         Made By

<S>               <C>                <C>                 <C>                <C>              <C>   
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
                                                                                                         
------------      ------------       ------------        ------------       ------------     ------------
</TABLE>


                                      -5-