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                                                                  EXHIBIT 10-T


                               FOURTH AMENDMENT TO
                AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT


                  THIS FOURTH AMENDMENT TO AMENDED AND RESTATED LOAN AND
         SECURITY AGREEMENT (this "Amendment") is entered into as of September
         29, 1999, among MULTIGRAPHICS, INC. f/k/a AM INTERNATIONAL, INC., a
         Delaware corporation ("Multigraphics"), PUBLISHING SOLUTIONS INC., an
         Ohio corporation ("PSI") and FOOTHILL CAPITAL CORPORATION ("Lender").

                  WHEREAS, Multigraphics, PSI and Lender are parties to that
         certain Amended and Restated Loan and Security Agreement dated as of
         February 19, 1998, which has previously been amended pursuant to a
         certain First Amendment to Amended and Restated Loan and Security
         Agreement dated as of July 30, 1998, a certain Second Amendment to
         Amended and Restated Loan and Security Agreement dated as of April 21,
         1999, and a certain Third Amendment to Amended and Restated Loan and
         Security Agreement dated as of June 23, 1999 (as amended, the "Loan
         Agreement"); and

                  WHEREAS, Multigraphics and PSI (collectively, "Borrowers")
         have requested that Lender amend various provisions of the Loan
         Agreement, and Lender has agreed to do so subject to the terms and
         conditions contained herein;

                  NOW THEREFORE, in consideration of the premises and mutual
         agreements herein contained, the parties hereto agree as follows:

1.       DEFINED TERMS. Unless otherwise defined herein, capitalized terms used
         herein shall have the meanings ascribed to such terms in the Loan
         Agreement.

2.       AMENDMENTS TO LOAN AGREEMENT.

(a)      The definition of the term "Net Worth" contained in Section 1.1 of the
         Loan Agreement is hereby amended and restated in its entirety, as
         follows:

                  "'Net Worth' means, as of any date of determination,
                  Borrowers' consolidated total shareholders' equity as
                  determined in accordance with GAAP plus (for any date of
                  determination after September 30, 1999) the outstanding
                  principal amount of the Subordinated Indebtedness."

(b)      The second sentence of the definition of the term "Consolidated Current
         Liabilities" contained in Section 1.1 of the Loan Agreement is hereby
         amended and restated in its entirety, as follows:

                  "For purposes of this definition, all Advances outstanding
                  under this Agreement and the outstanding amount of the
                  Subordinated Indebtedness shall be deemed to be current
                  liabilities without regard to whether they would be deemed to
                  be so under GAAP."

(c)      Section 1.1 of the Loan Agreement is hereby amended to add a
         definition, "Subordinated Indebtedness," as follows:


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                           "'Subordinated Indebtedness' means indebtedness of
                  the Borrowers to a Person which is junior and subordinated to
                  the Obligations and is subject to standstill provisions in
                  favor of Foothill, all pursuant to a written agreement between
                  Foothill and such Person, in form and substance satisfactory
                  to Foothill."

(d)      Clause (a) of Section 6.3 of the Loan Agreement is hereby amended to
         delete the following parenthetical phrase:

                  "(other than the last quarter in any fiscal year)"

(e)      Section 6.16 of the Loan Agreement is hereby amended and restated in
         its entirety, as follows:

                           "6.16    ADDITIONAL REPORTS

                           (a)      On or before November 15, 1999, deliver to
                  Lender projections of Borrower's business performance through
                  January 31, 2000, which projections shall be in the same
                  format and in the same detail as that of those projections of
                  Borrowers' business performance through November 30, 1999
                  delivered by Borrowers to Lender and dated as of September 10,
                  1999 (the "Original Projections").

                           (b)      On or before January 15, 2000, deliver to
                  Lender projections of Borrower's business performance through
                  July 31, 2000, which projections shall be in the same format
                  and in the same detail as that of the Original Projections.

                           (c)      Not later than thirty (30) days prior to the
                  last day of each fiscal year of Borrowers, commencing with the
                  fiscal year ending July 31, 2000, deliver to Lender
                  projections of Borrower's business performance through the
                  last day of the subsequent fiscal year of Borrowers, which
                  projections shall be in the same format and in the same detail
                  as that of the Original Projections.

                           (d)      On or before the Thursday of each week,
                  commencing on September 30, 1999, deliver to Lender a report
                  on Borrowers' actual business performance for the prior week
                  and for the month to date as of the Friday of the prior week,
                  which report shall be in the same format and in the same
                  detail as that of the Original Projections."

(f)      Sections 7.1 and Section 7.2 are hereby amended to permit the Borrowers
         to obtain $2,000,000 of Subordinated Indebtedness from Paragon
         Corporate Holdings Inc. and to secure such Subordinated Indebtedness
         with a junior and subordinated Lien upon the Collateral.

(g)      Section 7.20 of the Loan Agreement is hereby amended and restated in
         its entirety, as follows:

         "7.20    FINANCIAL COVENANTS.

                  Fail to maintain:

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                           (a)      NET WORTH. Net Worth of at least the
                  applicable amount set forth below as of each date set forth
                  below:
<TABLE>
<CAPTION>

                                        DATE                                        NET WORTH
                                        ----                                        ---------
                  <S>                                                            <C>
                  The last day of the fourth quarter of the 1999                 (-$11,000,000)
                  fiscal year
                  The last day of the first quarter of the 2000                  (-$10,500,000)
                  fiscal year and the last day of each fiscal
                  quarter thereafter
</TABLE>

                           (b)      WORKING CAPITAL. Working Capital of at least
                  (i) (-$11,200,000), measured the last day of the fourth fiscal
                  quarter of the 1999 fiscal year, and (ii) (-$14,000,000),
                  measured on the last day of the first fiscal quarter of the
                  2000 fiscal year and the last day of each fiscal quarter
                  thereafter.

                           (c)      EBITDA. EBITDA of (i) at least $1,300,000 on
                  the last day of the fourth quarter of the 1999 fiscal year,
                  for the 12 month period ending on such day, (ii) at least $1
                  on the last day of the first fiscal quarter of the 2000 fiscal
                  year, for the 3 month period ending on such day, (iii) at
                  least $1 on the last day of the second fiscal quarter of the
                  2000 fiscal year, for the 3 month period ending on such day,
                  and (iv) at least $1,300,000 on the last day of each fiscal
                  quarter commencing with the third fiscal quarter of the 2000
                  fiscal year, for the 12 month period ending on such day."

3.       TESTING OF FINANCIAL COVENANTS AT END OF FISCAL YEAR. The financial
         covenants set forth in Section 7.20 of the Loan Agreement shall be
         tested for the last quarter of any fiscal year based upon the financial
         statements delivered to Lender within 45 days after the end of such
         fiscal quarter pursuant to the provisions of Section 6.3 of the Loan
         Agreement, as amended by this Amendment, as well as based upon the
         audited financial statements delivered to Lender within 90 days after
         the end of such fiscal quarter pursuant to the provisions of Section
         6.3 of the Loan Agreement.

4.       CONDITIONS PRECEDENT TO AMENDMENT. This Amendment shall not become
         effective if any of the following conditions is not satisfied within
         the time specified therefore:

         (i)      By September 30, 1999, each Borrower shall have executed and
                  delivered to Lender an original of this Amendment and
                  Borrowers shall have delivered the Amendment Fee (as hereafter
                  defined) to Lender in good funds;

         (ii)     By September 30, 1999, Paragon Corporate Holdings Inc. (the
                  "Subordinated Creditor") shall have entered into a binding
                  agreement, in form and substance satisfactory to Lender, to
                  loan Borrowers not less than $2,000,000 of Subordinated
                  Indebtedness and shall have entered into a Subordination
                  Agreement with Lender in form and substance

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                  satisfactory to Lender; and

         (iii)    By September 30, 1999, Borrowers, Subordinated Creditor and
                  Multi Acquisition Corp., a Delaware corporation, shall have
                  entered into a definitive written agreement for the
                  recapitalization and merger of Borrowers in form and substance
                  satisfactory to Lender; provided, however, that nothing in
                  this Amendment shall constitute (A) Lender's consent to the
                  consummation of any such recapitalization or merger, (B) a
                  waiver of any Event of Default hereafter occurring as a result
                  of the consummation of any such recapitalization or merger,
                  (C) a commitment by Lender to finance such merger or to
                  provide financing to Borrowers subsequent to such merger, or
                  (D) Lender's consent to Borrowers payment of, or Lender's
                  agreement to pay, any fees, expenses or other amounts to
                  Subordinated Creditor coming due upon any termination of any
                  agreement with respect to such merger or recapitalization.

5.       AMENDMENT FEE. In consideration of Lender's agreements hereunder,
         Borrowers, jointly and severally, agree to pay to Lender an amendment
         fee of $25,000 (the "Amendment Fee"). The entire Amendment Fee will be
         fully earned and payable on the effective date of this Amendment as
         provided in Section 6 below.

6.       FUNDING OF ADVANCES. Notwithstanding anything to the contrary contained
         in the Loan Agreement, Lender shall have no obligation (but shall have
         the right in its sole discretion) to make any Advances to Borrowers
         prior to the time that (i) Subordinated Creditor has actually advanced
         not less than $2,000,000 of Subordinated Indebtedness to Borrowers, and
         (ii) Borrowers and Subordinated Creditor have demonstrated to Lender's
         satisfaction that the entire $2,000,000 of such Subordinated
         Indebtedness has actually been advanced to Borrowers.

7.       Each Borrower acknowledges and agrees that any default of its
         obligations under any agreement among Borrowers and Subordinated
         Creditor relating to Subordinated Indebtedness or to a recapitalization
         or merger of Borrowers shall constitute an Event of Default under the
         Loan Agreement

8.       RELEASE OF DEFENSES; REAFFIRMATION. Each Borrower hereby ratifies and
         confirms the Loan Agreement and the Loan Documents (as modified by this
         Amendment) in all respects. Each Borrower hereby further fully and
         forever waives, releases, withdraws and discharges any and all
         defenses, rights of setoff, claims, rights, demands, damages,
         judgments, liabilities and causes of action that it may have against
         Lender or Lender's affiliates, directors, officers, employees, agents
         and representatives, existing as of the date hereof respect to, or
         arising out of or related to, the Loan Agreement, the Loan Documents,
         the Obligations or any transactions related thereto, and each Borrower
         hereby releases Lender and Lender's affiliates, directors, officers,
         employees, agents and representatives from any and all liabilities
         thereunder or relating thereto. Each Borrower agrees that there are no
         oral agreements or understandings among Borrowers and Lender that are
         not expressly set forth in this Amendment.

9.       RATIFICATION AND EFFECTIVENESS. This Amendment shall constitute an
         amendment to the Loan Agreement and all of the Loan Documents as
         appropriate to express the agreements contained herein. Upon the timely
         satisfaction of all of the conditions precedent set forth in Section 3

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         above, this Amendment shall be deemed to be effective. Any Event of
         Default under Section 7.20 of the Loan Agreement existing prior to the
         effective date of this Amendment will be cured if Borrowers have
         provided Lender, on or before October 8, 1999, with a Compliance
         Certificate for the month ending on July 31, 1999 and if Borrowers are
         otherwise in full compliance with the provisions of Section 7.20 of the
         Loan Agreement, as amended by this Amendment, on the effective date of
         this Amendment. In all other respects, the Loan Agreement and the Loan
         Documents shall remain unchanged and in full force and effect in
         accordance with their original terms.

10.      MISCELLANEOUS.

(a)      BORROWERS' WARRANTIES AND ABSENCE OF DEFAULTS. In order to induce
         Lender to enter into this Amendment, each Borrower hereby warrants to
         Lender, as of the effective date of this Amendment, that:

         (i)      The warranties of each Borrower contained in the Loan
                  Agreement, as herein amended, are true and correct as of the
                  date hereof as if made on the date hereof.

         (ii)     All information, reports and other papers and data heretofore
                  furnished to Lender by either Borrower in connection with this
                  Amendment, the Loan Agreement and the other Loan Documents are
                  accurate and correct in all material respects and complete
                  insofar as may be necessary to give Lender true and accurate
                  knowledge of the subject matter thereof. Each Borrower has
                  disclosed to Lender every fact of which it is aware which
                  would reasonably be expected to materially and adversely
                  affect the business, operations or financial condition of
                  either Borrower or the ability of either Borrower to perform
                  its obligations under this Amendment, the Loan Agreement or
                  under any of the other Loan Documents. None of the information
                  furnished to Lender by or on behalf of either Borrower
                  contained any material misstatement of fact or omitted to
                  state a material fact or any fact necessary to make the
                  statements contained herein or therein not materially
                  misleading.

         (iii)    No Event of Default or event which, with giving of notice or
                  the passage of time, or both would become an Event of Default,
                  exists as of the date hereof.

(b)      LENDER'S WARRANTIES. Lender hereby warrants to Borrowers, as of the
         date hereof, that assuming that this Amendment has become effective in
         accordance with the provisions of Section 6 hereof, Lender (i) has no
         knowledge of the existence of any Event of Default on the date hereof
         and (ii) has no present intention to create new reserves or to reduce
         its advance rates under Section 2.1(b) of the Loan Agreement as a
         result of any matters of which Lender has actual knowledge as of the
         date hereof.

(c)      EXPENSES. Borrowers jointly and severally agree to pay on demand all
         costs and expenses of Lender (including the reasonable fees and
         expenses of outside counsel for Lender) in connection with the
         preparation, negotiation, execution, delivery and administration of
         this Amendment and all other instruments or documents provided for
         herein or delivered or to be delivered hereunder or in connection
         herewith. In addition, Borrowers jointly and severally agree to pay,
         and save Lender harmless from all liability for, any stamp or other
         taxes which may be payable in

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         connection with the execution or delivery of this Amendment or the
         Loan Agreement, as amended hereby, and the execution and delivery of
         any instruments or documents provided for herein or delivered or to be
         delivered hereunder or in connection herewith. All obligations
         provided in this SECTION 10(C) shall survive any termination of this
         Amendment and the Loan Agreement as amended hereby.

(d)      GOVERNING LAW. This Amendment shall be a contract made under and
         governed by the internal laws of the State of California.

(e)      COUNTERPARTS. This Amendment may be executed in any number of
         counterparts, and by the parties hereto on the same or separate
         counterparts, and each such counterpart, when executed and delivered,
         shall be deemed to be an original, but all such counterparts shall
         together constitute but one and the same Amendment.

(f)      REFERENCE TO LOAN AGREEMENT. On and after the effectiveness of the
         amendment to the Loan Agreement accomplished hereby, each reference in
         the Loan Agreement to "this Agreement," "hereunder," "hereof," "herein"
         or words of like import, and each reference to the Loan Agreement in
         any Loan Documents, or other agreements, documents or other instruments
         executed and delivered pursuant to the Loan Agreement, shall mean and
         be a reference to the Loan Agreement, as amended by this Amendment.

(g)      SUCCESSORS. This Amendment shall be binding upon each Borrower, Lender
         and their respective successors and assigns, and shall inure to the
         benefit of each Borrower, Lender and their respective successors and
         assigns.

                  IN WITNESS WHEREOF, the parties hereto have caused this
         Amendment to be executed by their respective officers thereunto duly
         authorized and delivered as of the date first above written.


                                                MULTIGRAPHICS, INC. f/k/a
                                                AM INTERNATIONAL, INC.

                                                By /s/ Mark F. Duchesne
                                                  -----------------------------
                                                Its President & CEO
                                                   ----------------------------

                                                PUBLISHING SOLUTIONS INC.

                                                By /s/ Gregory T. Knipp
                                                  -----------------------------
                                                Its Vice President & CFO
                                                   ----------------------------

                                                FOOTHILL CAPITAL CORPORATION

                                                By  /s/ Peter G. Drooff
                                                  -----------------------------
                                                Its Vice President
                                                   ----------------------------

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