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                                                          EXHIBIT 10.2

                            PLATINUM ENTERTAINMENT, INC.
                               REVOLVING CREDIT NOTE


$10,000,000                                                 March 31, 1998

     For value received on the Revolving Credit Termination Date, the 
undersigned, Platinum Entertainment, Inc., a Delaware corporation (the 
"BORROWER") hereby promises to pay to the order of Harris Trust and Savings 
Bank (the "LENDER"), at the principal office of Harris Trust and Savings Bank 
in Chicago, Illinois (i) the principal sum of Ten Million Dollars 
($10,000,000), or (ii) such lesser amount as may at the time of the maturity 
hereof, whether by acceleration or otherwise, be the aggregate unpaid 
principal amount of all Revolving Loans owing from the Borrower to the Lender 
under the Revolving Credit provided for in the Credit Agreement hereinafter 
mentioned.  

     This Note evidences indebtedness constituting the "DOMESTIC RATE 
PORTION" and "LIBOR PORTIONS" as such terms are defined in that certain 
Credit Agreement dated as of December 12, 1997, currently by and among the 
Borrower, certain Subsidiaries of the Borrower, Harris Trust and Savings Bank 
individually and as Administrative Agent and certain lenders which are or may 
from time to time become parties thereto (as amended, the "CREDIT AGREEMENT") 
made and to be made to the Borrower by the Lender under the Revolving Credit 
provided for under the Credit Agreement and the Borrower hereby promises to 
pay interest at the office specified above on each loan evidenced hereby at 
the rates and times specified therefor in the Credit Agreement.  Capitalized 
terms used herein without definition shall have the meanings ascribed to them 
in the Credit Agreement, and this Note is subject to the terms of the Credit 
Agreement.

     Each loan made under the Revolving Credit provided for in the Credit 
Agreement by the Lender to the Borrower against this Note, any repayment of 
principal hereon, the status of each such loan from time to time as part of 
the Domestic Rate Portion or a LIBOR Portion and the interest rates and 
interest periods applicable thereto shall be endorsed by the holder hereof on 
the reverse side of this Note or recorded on the books and records of the 
holder hereof (provided that such entries shall be endorsed on the reverse 
side hereof prior to any negotiation hereof) and the Borrower agrees that in 
any action or proceeding instituted to collect or enforce collection of this 
Note, the entries so endorsed on the reverse side hereof or recorded on the 
books and records of the Lender shall be PRIMA FACIE evidence of the unpaid 
balance of this Note and the status of each such loan from time to time as 
part of the Domestic Rate Portion or a LIBOR Portion and the interest rates 
and interest periods applicable thereto.

     This Note is issued by the Borrower under the terms and provisions of 
the Credit Agreement and is secured, inter alia, by certain security 
agreements and other instruments and documents from the Borrower and certain 
of its Subsidiaries, and this Note and the holder hereof are entitled to all 
of the benefits and security provided for thereby or referred to therein, 
equally and ratably with all other indebtedness thereby secured, to which 


                                      
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reference is hereby made for a statement thereof.  This Note may be declared 
to be, or be and become, due prior to its expressed maturity upon the 
occurrence of an Event of Default specified in the Credit Agreement, 
voluntary prepayments may be made hereon, and certain prepayments are 
required to be made hereon, all in the events, on the terms and with the 
effects provided in the Credit Agreement.

     THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE
INTERNAL LAWS OF THE STATE OF ILLINOIS WITHOUT REGARD TO PRINCIPLES OF CONFLICT
OF LAW.

     The Borrower hereby waives presentment for payment.

                            PLATINUM ENTERTAINMENT, INC.
                            
                            By /s/ Steven Devick
                              ----------------------------------
                              Name:  Steven Devick
                              Title:    President
     

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