Exhibit (4)(xxii)
                              PROMISSORY NOTE

                             December 30, 1999
                                   (Date)

104 Revere Street, Canton, Norfolk County, MA 02021
________________________________________________________________________
(Address of Maker)

FOR VALUE RECEIVED, Plymouth Rubber Company, Inc. ("Maker") promises,
jointly and severally if more than one, to pay to the order of General
Electric Capital Corporation or any subsequent holder hereof (each, a
"Payee") at its office located at 4 North Park Drive Suite 500, Hunt
Valley, MD 21030 or at such other place as Payee or the holder hereof
may designate, the principal sum of Five Hundred fifty thousand and
00/100 Dollars ($550,000.00), with interest thereon, from the date
hereof through and including the dates of payment, at a fixed interest
rate of Eight and 75/100 percent (8.75%) per annum, to be paid in lawful
money of the United States, in  sixty (60) consecutive monthly
installments of principal and interest of Eleven thousand two hundred
sixty-eight and 31/100 Dollars ($11,268.31) each ("Periodic
Installment") and a final installment which shall be in the amount of
the total outstanding principal and interest.  The first Periodic
Installment shall be due and payable on January 1, 2000 and the
following Periodic Installments and the final installment shall be due
and payable on the same day of each succeeding month (each, a "Payment
Date").  Such installments have been calculated on the basis of a 360
day year of twelve 30-day months.  Each payment may, at the option of
the Payee, be calculated and applied on an assumption that such payment
would be made on its due date.

The acceptance by Payee of any payment which is less than payment in
full of all amounts due and owing at such time shall not constitute a
waiver of Payee's right to receive payment in full at such time or at
any prior or subsequent time.

The Maker hereby expressly authorizes the Payee to insert the date value
is actually given in the blank space on the face hereof and on all
related documents pertaining hereto.

This Note may be secured by a security agreement, chattel mortgage,
pledge agreement or like instrument (each of which is hereinafter called
a "Security Agreement") dated as of January 29, 1997, as amended.

Time is of the essence hereof.  If any installment or any other sum due
under this Note or any Security Agreement is not received within ten
(10) days after its due date, the Maker agrees to pay, in addition to
the amount of each such installment or other sum, a late payment charge
of five percent (5%) of the amount of said installment or other sum, but
not exceeding any lawful maximum.  If (i) Maker fails to make payment of
any amount due hereunder within ten (10) days after the same becomes due
and payable; or  (ii) Maker is in uncured or unwaived default under, or
fails to perform under any term or condition contained in any Security
Agreement, then the entire principal sum remaining unpaid, together with
all accrued interest thereon and any other sum payable under this Note
or any Security Agreement, at the election of Payee, shall immediately
become due and payable, with interest thereon at the lesser of twelve
percent (12%) per annum or the highest rate not prohibited by applicable
law from the date of such accelerated maturity until paid (both before
and after any judgment).

The Maker may prepay in full, but not in part, its entire indebtedness
hereunder upon payment of an additional sum as a premium equal to the
following percentages of the original principal balance for the
indicated period:
Prior to the first annual anniversary date of this Note:  three percent
(3%)
Thereafter and prior to the second annual anniversary date of this Note:
two percent  (2%)
Thereafter and prior to the third annual anniversary date of this Note:
one percent  (1%)
Thereafter and prior to the fourth annual anniversary date of this Note:
one percent  (1%)
Thereafter and prior to the fifth annual anniversary date of this Note:
one percent  (1%)
 and zero percent (0%) thereafter, plus all other sums due hereunder or
under any Security Agreement.

It is the intention of the parties hereto to comply with the applicable
usury laws; accordingly, it is agreed that, notwithstanding any
provision to the contrary in this Note or any Security Agreement, in no
event shall this Note or any Security Agreement require the payment or
permit the collection of interest in excess of the maximum amount
permitted by applicable law.  If any such excess interest is contracted
for, charged or received under this Note or any Security Agreement, or
if all of the principal balance shall be prepaid, so that under any of
such circumstances the amount of interest contracted for, charged or
received under this Note or any Security Agreement on the principal
balance shall exceed the maximum amount of interest permitted by
applicable law, then in such event  (a) the provisions of this paragraph
shall govern and control,  (b) neither Maker nor any other person or
entity now or hereafter liable for the payment hereof shall be obligated
to pay the amount of such interest to the extent that it is in excess of
the maximum amount of interest permitted by applicable law,  (c) any
such excess which may have been collected shall be either applied as a
credit against the then unpaid principal balance or refunded to Maker,
at the option of the Payee, and  (d) the effective rate of interest
shall be automatically reduced to the maximum lawful contract rate
allowed under applicable law as now or hereafter construed by the courts
having jurisdiction thereof.  It is further agreed that without
limitation of the foregoing, all calculations of the rate of interest
contracted for, charged or received under this Note or any Security
Agreement which are made for the purpose of determining whether such
rate exceeds the maximum lawful contract rate, shall be made, to the
extent permitted by applicable law, by amortizing, prorating, allocating
and spreading in equal parts during the period of the full stated term
of the indebtedness evidenced hereby, all interest at any time
contracted for, charged or received from Maker or otherwise by Payee in
connection with such indebtedness; provided, however, that if any
applicable state law is amended or the law of the United States of
America preempts any applicable state law, so that it becomes lawful for
the Payee to receive a greater interest per annum rate than is presently
allowed, the Maker agrees that, on the effective date of such amendment
or preemption, as the case may be, the lawful maximum hereunder shall be
increased to the maximum interest per annum rate allowed by the amended
state law or the law of the United States of America.

The Maker and all sureties, endorsers, guarantors or any others (each
such person, other than the Maker, an "Obligor") who may at any time
become liable for the payment hereof jointly and severally consent
hereby to any and all extensions of time, renewals, waivers or
modifications of, and all substitutions or releases of, security or of
any party primarily or secondarily liable on this Note or any Security
Agreement or any term and provision of either, which may be made,
granted or consented to by Payee, and agree that suit may be brought and
maintained against any one or more of them, at the election of Payee
without joinder of any other as a party thereto, and that Payee shall
not be required first to foreclose, proceed against, or exhaust any
security hereof in order to enforce payment of this Note.  The Maker and
each Obligor hereby waives presentment, demand for payment, notice of
nonpayment, protest, notice of protest, notice of dishonor, and all
other notices in connection herewith, as well as filing of suit (if
permitted by law) and diligence in collecting this Note or enforcing any
of the security hereof, and agrees to pay (if permitted by law) all
expenses incurred in collection, including Payee's reasonable attorneys'
fees.


THE MAKER HEREBY UNCONDITIONALLY WAIVES ITS RIGHTS TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR
INDIRECTLY, THIS NOTE, ANY OF THE RELATED DOCUMENTS, ANY DEALINGS
BETWEEN MAKER AND PAYEE RELATING TO THE SUBJECT MATTER OF THIS
TRANSACTION OR ANY RELATED TRANSACTIONS, AND/OR THE RELATIONSHIP THAT IS
BEING ESTABLISHED BETWEEN MAKER AND PAYEE.  THE SCOPE OF THIS WAIVER IS
INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE
FILED IN ANY COURT (INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY
CLAIMS.)  THIS WAIVER IS IRREVOCABLE MEANING THAT IT MAY NOT BE MODIFIED
EITHER ORALLY OR IN WRITING, AND THE WAIVER SHALL APPLY TO ANY
SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS
NOTE, ANY RELATED DOCUMENTS, OR TO ANY OTHER DOCUMENTS OR AGREEMENTS
RELATING TO THIS TRANSACTION OR ANY RELATED TRANSACTION.  IN THE EVENT
OF LITIGATION, THIS NOTE MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY
THE COURT.

This Note and any Security Agreement constitute the entire agreement of
the Maker and Payee with respect to the subject matter hereof and
supercedes all prior understandings, agreements and representations,
express or implied.

No variation or modification of this Note, or any waiver of any of its
provisions or conditions, shall be valid unless in writing and signed by
an authorized representative of Maker and Payee.  Any such waiver,
consent, modification or change shall be effective only in the specific
instance and for the specific purpose given.

Any provision in this Note or any Security Agreement which is in conflict with
any statute, law or applicable rule shall be deemed omitted, modified or
altered to conform thereto.

Plymouth Rubber Company, Inc.

/s/ Sandra Volpe_________  By:  /s/ Joseph J. Berns_______________ (L.S.)
(Witness)                      (Signature)

 Sandra Volpe___________      Joseph J. Berns  V.P. - Finance____
 (Print name)                  Print name (and title, if applicable)

104 Revere Street, Canton MA 02021            041733970
(Address)                              (Federal tax identification number)



(3/91)

COLLATERAL SCHEDULE NO. 003

  THIS COLLATERAL SCHEDULE NO. 003 is annexed to and made a part of
that certain Master Security Agreement dated as of January 29, 1997, as
amended between General Electric Capital Corporation as Secured Party
and Plymouth Rubber Company, Inc. as Debtor and describes collateral in
which Debtor has granted Secured Party a security interest in
connection with the Indebtedness (as defined in the Security Agreement)
including without limitation that certain Promissory Note dated
__12/30/99____________ in the original principal amount of $550,000.00.

Year/Model  Serial Number  Description


SEE EXHIBIT I ATTACHED HERETO AND FORMING A PART HEREOF
















SECURED PARTY:    DEBTOR:

General Electric Capital Corporation    Plymouth Rubber Company, Inc.


By: /s/ Patricia Burk             By: /s/ Joseph J. Berns

Title: Transaction Coordinator    Title:  V.P. Finance

Date: 12/30/99                    Date: 12/27/99

(3/91)


EXHIBIT I
TO
COLLATERAL SCHEDULE NO. 003

Equipment Location:  104 Revere Street
                                    Canton, MA 02021

Vendor                   Qty   Description Cost


KAMPF JAGENBERG-GRUPPE    1    KAMPF Roll Slitting and Winding Machine
Kampf GmbH & Co.               Model SL 60
Maschinenfabrik, Wiehl         Machine No. 210240
                               Year of Construction: 1999 $550,000.00


Invoice#991011/210240


   Invoice Total                                            $550,000.00



   EXHIBIT I TOTAL $550,000.00





Debtor's initials:

Secured Party's initials: