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                                                               Exhibit 10.3.8

                               BANK ONE, NA
                 BUSINESS PURPOSE REVOLVING PROMISSORY NOTE
                               (Swing Line)


$20,000,000.00                                                 Akron, Ohio
                                                               August 5, 1997

     FOR VALUE RECEIVED, the undersigned, TELXON CORPORATION, a Delaware 
corporation (the "Borrower"), hereby promises to pay to the order of BANK 
ONE, NA FKA BANK ONE, AKRON, NA (hereinafter called the "Bank," which term 
shall include any holder hereof), at such place as the Bank may designate or, 
in the absence of such designation, at any of the Bank's offices, the sum of 
Twenty Million and No/100ths dollars ($20,000,000.00) or so much thereof as 
shall have been advanced by the Bank at any time and not hereafter repaid, 
together with interest calculated daily on the current outstanding principal 
balance at a variable rate at the time of each request for a money advance 
under this Note equal to the "Money Market rate", as determined solely by 
Bank, plus the "Applicable Margin" as defined with respect to Eurodollar 
Advances in Section 1 of the Agreement referred to below.  Interest shall be 
due monthly upon this Note and shall be payable for each month on the fifth 
day of the next subsequent month commencing on the fifth day of the month 
next subsequent to the date of this Note.  If not sooner paid, this Note 
shall mature and all principal, interest and unpaid expenses shall be due and 
payable in full on August 4, 1998.  Bank shall have the right to assess a 
late payment processing fee in the amount of Fifty and no/100ths Dollars 
($50.00) or five percent (5%) of the scheduled payment in the event of 
default in payment that remains uncured for a period of at least ten (10) 
days.  The proceeds of the loan evidenced hereby may be advanced, repaid and 
re-advanced, in partial amounts, until maturity.  Each money advance may be 
made to the Borrower during the term hereof, in the Bank's sole discretion, 
upon receipt by the Bank of the Borrower's request therefor, which request 
shall be made in accordance with reasonable procedures which Bank shall from 
time to time prescribe.  Telephonic requests received by appropriate Bank 
representatives prior to 3:00 p.m. local time (Akron, Ohio) shall be funded 
the same business day.  Telephonic requests received after 3:00 p.m. local 
time may not be funded until the next subsequent business day.  The Bank 
shall be entitled to rely on any oral or telephonic communication requesting 
a money advance and/or providing disbursement instructions hereunder, which 
shall be received by it in good faith from anyone reasonably believed by the 
Bank to be the Borrower, or the Borrower's authorized agent.  The Borrower 
agrees that all money advances made by the Bank, and interest thereon, will 
be evidenced by entries made by the Bank to a loan account through its 
electronic data processing system and/or internal memoranda maintained by the 
Bank.  The Borrower further agrees that the sum or sums shown on loan account 
from the Bank's electronic data processing system and/or such memoranda shall 
be conclusively binding evidence of the amount of the principal sum and of 
the amount of any accrued interest, except as to manifest errors.

    There shall be no penalty for prepayment.  All payments shall be applied 
in the following order (i) fees and expenses (including reasonable attorney 
fees) incurred by Bank in connection with the enforcement of this Note, (ii) 
accrued but unpaid interest, and last (iii) principal. 


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    Borrower is a party to a Credit Agreement, dated March 8, 1996, as 
amended by Amendment No. 1 dated as of August 6, 1996 and Amendment No. 2 
dated as of December 16, 1996, with The Bank of New York ("BNY") acting as 
agent, issuer and swing line lender.  Such amended agreement, as the same may 
be further amended, modified or replaced from time to time, is hereafter 
referred to as the "Agreement".  Borrower agrees that so long as this Note 
remains in effect and until paid in full, Borrower shall neither create nor 
permit any lien, mortgage, deed of trust, or security interest in its 
property or assets other than those granted or permitted (including under 
Section 8.2 thereof) under the terms of the Agreement.  Borrower further 
agrees that a default under the Agreement, including but not limited to a 
default under the affirmative or negative covenants under the Agreement 
(whether the default is declared or undeclared, waived or not waived, by the 
lender under the Agreement), shall, at Bank's option, constitute a default 
under this Note.  Borrower shall not amend or modify the material terms of 
the Agreement, without the Bank's consent.  Borrower shall notify Bank in 
writing within twenty-four hours of its receipt of notice of a claimed 
default under the Agreement.  The terms and conditions of the Agreement with 
respect to events of defaults, notices and cure rights and remedies are 
incorporated herein by reference to the extent applicable.

    Upon the occurrence of any one or more defaults under this Note, the 
holder hereof, at its option, may declare the entire unpaid balance of 
principal and interest on this Note to be immediately due and payable, 
without notice or demand, and may, at its option, cumulatively exercise any 
other right or remedy provided at law or equity.  Failure to exercise any 
such option shall not constitute a waiver of the right to exercise the same 
in the event of any subsequent default.  Upon Bank's declaration that the 
entire unpaid balance is immediately due, the unpaid balance of principal 
shall bear interest at 2% plus the rate otherwise applicable to this Note.

    All of the parties hereto, including the Borrower, and any endorser, 
surety, or guarantor, hereby severally waive presentment, notice of dishonor, 
protest, notice of protest, and diligence in bringing suit against any party 
hereto, and consent that, without discharging any of them, the time of 
payment may be extended an unlimited number of times before or after maturity 
by the Bank without notice to them.

    The obligations evidenced hereby may from time to time be evidenced by 
amendments hereto or another note or note given in substitution, renewal or 
extension hereof.

    The obligations of the Borrower under this Note shall constitute 
"Designated Senior Indebtedness" under, and as such term is defined and used 
as of the date hereof in, the Indenture, dated as of December 1, 1995, 
between the Borrower and Bank One Trust Company, N.A., as Trustee, as the 
same may be amended, supplemented or otherwise modified from time to time, 
with respect to the $82,500,000 in issued and outstanding principal amount of 
the Borrower's 5-3/4% Convertible Subordinated Notes due 2003. 

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    This Note evidences the Credit Line under, and as such term is defined 
in, the Intercreditor Agreement by and between Bank and BNY, as acknowledged 
by Borrower, and is subject to, and should be construed in conjunction with, 
the provisions thereof.

    If any terms or provisions of this Note shall be deemed unenforceable, 
the enforceability of the remaining terms and provisions shall not be 
affected.  This Note shall be governed by and construed in accordance with 
the laws of the State of Ohio.

                                       BORROWER:

                                       TELXON CORPORATION


                                        By:  /s/Kenneth W. Haver
                                             --------------------------
                                             Kenneth W. Haver, Senior 
                                             Vice President and Chief 
                                             Financial Officer






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