Exhibit 10.1

                 FOURTH AMENDMENT TO SECURED CREDIT AGREEMENT

	This Fourth Amendment to Secured Credit Agreement (this "Agreement") is
dated as of August 11, 1999, and is between Platinum Entertainment, Inc., a
Delaware corporation (the "Borrower"), and First Source Financial LLP, an
Illinois limited liability partnership, as Agent for Lenders party to the
Secured Credit Agreement (as defined below) (the "Agent").

                                RECITALS

    WHEREAS, the parties hereto are parties to that certain Secured Credit
Agreement, dated as of July 31, 1998 (as amended by that certain First
Amendment to Secured Credit Agreement, dated as of November 1, 1998, that
certain Second Amendment to Secured Credit Agreement, dated as of
January ___, 1999, and that certain Third Amendment to Secured Credit Agreement,
dated as of April 14, 1999, and as from time to time further amended, restated,
supplemented or otherwise modified and in effect, the "Secured Credit
Agreement"); and

    WHEREAS, Borrower and Lenders desire to amend the Secured Credit Agreement
to make certain changes thereto and to correct certain matters, all as set forth
below.

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

                                  AGREEMENT

    1. Definitions. Capitalized terms used but not otherwise defined herein
shall have the meanings as set forth in the Secured Credit Agreement.

    2. Amendments to Secured Credit Agreement.  The Secured Credit Agreement is
hereby amended as follows:

        (a) The definition of "Borrowing Base" set forth in Section 1.1 of the
    Secured Credit Agreement is hereby amended by deleting it in its entirety
    and replacing it with the following:

                "Borrowing Base" shall mean an amount equal to:  (i) eighty
            percent (80%) of the face amount (less maximum discounts, credits
            and allowances which may have been taken by or granted to Account
            Debtors in connection therewith) then outstanding of existing
            Eligible Accounts minus (ii) the then current Return Credit Reserve,
            plus (iii) the lesser of (x) fifty percent (50%) of the book value
            of Borrower's then existing finished goods portion of Eligible
            Inventory and (y) the Inventory Sublimit (the book value of Eligible
            Inventory to be determined at the lower of cost (determined on a
            first-in-first-out ("FIFO") basis) or market), plus (iii) the lesser
            of (x) fifty percent (50%) of the Music Catalog Appraised Value and
            (y) $25,000,000.

        (b) Section 2.7 of the Secured Credit Agreement is hereby amended by
    inserting the following new Section 2.7(c) immediately following
    Section 2.7(b):

            (c) Upon receipt by Borrower of the Assets Sale Proceeds from
        the Country Publishing Sale, Borrower shall make a mandatory prepayment
        of Revolving Loans outstanding in an amount equal to 50% of such Asset
        Sale Proceeds.  Each such payment shall be accompanied by accrued
        interest on such principal amount and amounts payable under
        Section 4.4(f), if any. Concurrently with the payment set forth in this
        Section 2.7(c), the Revolving Commitment shall be reduced by an amount
        equal to such payment.  As used in this Section 2.7(c), "Asset Sale
        Proceeds" shall mean the aggregate cash proceeds payable to Borrower in
        connection with the Country Publishing Sale after deduction of all
        reasonable, customary and documented costs and expenses (including,
        without limitation, taxes) of such Country Publishing Sale.

        (c) Section 11.12 of the Secured Credit Agreement is hereby amended by
    deleting it in its entirety and replacing it with the following:

            SECTION 11.12   Mergers, Consolidations, Sales.  Not, nor
        shall it permit any Subsidiary to, (a) be a party to any merger or
        consolidation or purchase or otherwise acquire all or substantially all
        of the assets or stock of any class of, or any partnership or joint
        venture interest or other interest in, any other Person other than (i)
        the House of Blues Venture and (ii) other joint ventures entered into
        in Borrower's ordinary course of business with respect to the music or
        related entertainment business; provided, that Borrower continues to
        won, free and clear of any interest of the joint venture (other than
        allocation of profits therefrom), all music rights and recording product
        used in such joint venture; or (b) sell, transfer, convey or lease all
        or any substantial part of its assets or sell or assign with or without
        recourse any Account, other than (i) any sale of inventory in the
        ordinary course of business; provided, that the sale, transfer,
        conveyance or lease of assets shall be in addition subject to the
        limitations set forth in the Collateral Documents and (ii) a sale of all
        or substantially all of the assets of the Double J Music, Victoria Kay
        Music (ASCAP) and John Juan Music (BMI) divisions of Borrower (the
        "Country Publishing Sale") for cash at a price determined to be fair and
        reasonable by Borrower's board of directors; provided, that no Event of
        Default or Unmatured Event of Default exists after giving effect to such
        sale.

        (d) Exhibit 1.2 of the Secured Credit Agreement is hereby amended by
    deleting it in its entirety and replacing it with Exhibit 1.2 attached
    hereto and made a part hereof.

    3. Representations and Warranties. To induce Agent to enter into this
Agreement and to make all future Loans under the Secured Credit Agreement,
Borrower represents and warrants to Agent that:

       (a) Due Authorization, etc.  The execution, delivery and performance by
    Borrower of this Agreement are within its corporate powers, have been duly
    authorized by all necessary corporate action, have received all necessary
    governmental approval (if any shall be required), and do not and will not
    contravene or conflict with any Requirement of Law or Contractual
    Obligation binding upon such entity.  This Agreement is the legal, valid,
    and binding obligation of Borrower enforceable against Borrower in
    accordance with its respective terms.


       (b) Certain Agreements. To the best of Borrower's knowledge, on the date
    hereof all warranties of the Borrower thereto set forth in the Secured
    Credit Agreement are true and correct in all material respects, without any
    waiver or modification thereof and no default of any party exists under the
    Secured Credit Agreement or any Related Document.

       (c) Financial Information. All balance sheets, all statement of
    operations, of shareholders' equity and of changes in financial position,
    and other financial data which have been or shall hereafter be furnished to
    Agent for the purposes of or in connection with this Agreement have been and
    will be prepared in accordance with GAAP consistently applied throughout the
    periods involved and do and will, present fairly the financial condition of
    the entities involved as of the dates thereof and the results of their
    operations for the periods covered thereby.

       (d) Litigation. No material litigation (including, without limitation,
    derivative actions), arbitrations, governmental investigation or proceeding
    or inquiry shall, on the date hereof, be pending which was not previously
    disclosed in writing to Agent and no material adverse development shall have
    occurred in any litigation (including, without limitation, derivative
    actions), arbitration, government investigations, or proceeding or inquiry
    previously disclosed to Agent in writing.

    4. Conditions to Effectiveness.  This Agreement shall be effective as of the
date hereof upon the satisfaction of the conditions set forth in this Section 4
and delivery of the following documents to Agent on or prior to the date hereof
(unless another date is specified), in form and substance satisfactory to Agent:

       (a) Amendment.  Borrower shall have delivered to Agent executed originals
    of this Agreement.

       (b) Consents and Acknowledgments.       Borrower shall have obtained all
    consents, approvals and acknowledgments which may be required with respect
    to the execution, delivery and performance of this Agreement.

       (c) No Default.  As of the date hereof after giving effect to this
    Agreement no Unmatured Event of Default or Event of Default under any
    Related Document shall have occurred and be continuing.

    5. Affirmation of Guaranties.

    Each Guarantor (i) consents to and approves the execution and delivery of
this Agreement by Borrower and Agent, (ii) agrees that this Agreement does not
nor shall it limit or diminish in any manner its obligations under its Guaranty
or under any of the other Related Documents to which it is a party, (iii) agrees
that this Agreement shall not be construed as requiring the consent of any
Guarantor in any other circumstance, (iv) reaffirms its obligations under its
Guaranty and all of the other Related Documents to which it is a party, and (v)
agrees that its Guaranty and such other Related Documents remain in full force
and effect and are each hereby ratified and confirmed.

    6. Miscellaneous.

       (a) Captions.  Section captions used in this Agreement are for
    convenience only, and shall not affect the construction of this Agreement.

       (b) Governing Law.  This Agreement shall be a contract made under and
    governed by the laws of the State of Illinois, without regard to conflict of
    laws principles. Wherever possible each provision of this Agreement shall be
    interpreted in such manner to be effective and valid under applicable law,
    but if any provision of this Agreement shall be prohibited by or invalid
    under such law, such provision shall be ineffective to the extent of such
    prohibition or invalidity, without invalidating the remainder of such
    provisions or the remaining provision of this Agreement.

       (c) Counterparts. This Agreement may be executed in any number of
    counterparts and by the different parties on separate counterparts, and each
    such counterpart shall be deemed to be an original, but all such
    counterparts shall together constitute one and the same Agreement.  Delivery
    of an executed counterpart of a signature page to this Agreement by telecopy
    shall be effective as delivery of a manually executed counterpart of this
    Agreement.

       (d) Successors and Assignees. This Agreement shall be binding upon
    Borrower, the Lenders and Agent and their respective successors and
    assignees, and shall inure to the sole benefit of Borrower, Agent and each
    Lender and their successors and assignees.

       (e) References.  Any reference to the Secured Credit Agreement contained
    in any notice, request, certificate, or other document executed concurrently
    with or after the execution and delivery of this Agreement shall be deemed
    to include this Agreement unless the context shall otherwise require.

       (f) Continued Effectiveness.  Notwithstanding anything contained herein,
    the terms of this Agreement are not intended to and do not serve to effect
    a novation as to the Secured Credit Agreement, any Note or any of the
    Collateral Documents provided to furnish security therefor.  The parties
    hereto expressly do not intend to extinguish the Secured Credit Agreement,
    any Note or the Collateral Documents.  Instead, it is the express intention
    of the parties hereto to reaffirm the existence of the indebtedness created
    under the Secured Credit Agreement which is evidenced by Notes and secured
    by the various Collateral Documents.  The Secured Credit Agreement and each
    of the Related Documents as amended hereby remain in full force and effect.
    The execution, delivery and effectiveness of this Agreement shall not
    operate as a waiver of any right, power or remedy of the Lenders or Agent
    under the Secured Credit Agreement or any Related Document to which the
    Lenders and Agent are a party nor constitute a waiver of any provision in
    or Event of Default or Unmatured Event of Default (now or hereafter
    existing) under the terms of the Secured Credit Agreement or any Related
    Document.

       (g) Fees and Expenses.  In accordance with Section 14.4 of the Secured
    Credit Agreement, Borrower agrees to pay on demand all fees, costs and
    expenses incurred by Agent and the Lenders in connection with the
    preparation, execution and delivery of this Agreement.

                         [signature pages follow]

    IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered by their duly authorized officers on the date first
above written.

                                        PLATINUM ENTERTAINMENT, INC.,
                                          as Borrower:

                                        By: /s/ DOUGLAS C. LAUX
                                        Name Printed: DOUGLAS C. LAUX
                                        Title: CHIEF FINANCIAL OFFICER


                                        FIRST SOURCE FINANCIAL LLP,
                                        as a Lender and as Agent

                                        By:     First Source Financial, Inc.,
                                        Its:    Manager

                                        By: /s/ JOHN P. THACKER
                                        Name Printed: JOHN P. THACKER
                                        Title: SENIOR VICE PRESIDENT

                                        LEXICON MUSIC, INC., as Guarantor

                                        By: /s/ DOUGLAS C. LAUX
                                        Name Printed: DOUGLAS C. LAUX
                                        Title: CHIEF FINANCIAL OFFICER

                                        PEG PUBLISHING, INC., as Guarantor

                                        By: /s/ DOUGLAS C. LAUX
                                        Name Printed: DOUGLAS C. LAUX
                                        Title: CHIEF FINANCIAL OFFICER

                                        ROYCE PUBLISHING, INC., as Guarantor

                                        By: /s/ DOUGLAS C. LAUX
                                        Name Printed: DOUGLAS C. LAUX
                                        Title: CHIEF FINANCIAL OFFICER

                                        JUSTMIKE MUSIC, INC., as Guarantor

                                        By: /s/ DOUGLAS C. LAUX
                                        Name Printed: DOUGLAS C. LAUX
                                        Title: CHIEF FINANCIAL OFFICER