SEVENTH AMENDED AND RESTATED REVOLVING CREDIT NOTE
               --------------------------------------------------

$4,000,000.00     DALLAS,  TEXAS     TO  BE  EFFECTIVE  AS  OF  MARCH  28,  2004


     FOR  VALUE  RECEIVED,  the  undersigned,  PIZZA  INN,  INC.,  a  Missouri
corporation (the "Borrower"), hereby promises to pay to the order of WELLS FARGO
                  --------
BANK (TEXAS), NATIONAL ASSOCIATION, a national banking association (the "Bank"),
                                                                         ----
at  its  office  located  at 1445 Ross Avenue, Dallas, Texas 75265, on or before
October  1,  2005,  in  lawful  money  of  the  United  States of America and in
immediately  available  funds,  the  principal  sum  of  Four Million and No/100
Dollars  ($4,000,000.00)  or  such  lesser  amount  as shall equal the aggregate
unpaid  principal  amount of the Existing Loans and any additional Advances made
by  the  Bank to the Borrower under Article II of the Loan Agreement referred to
below,  and  to pay interest on the amount of each such Advance, at such office,
in  like  money and funds, for the period commencing on the date of such Advance
until  such  Advance  shall  be  paid in full, at the rates per annum and on the
dates  provided  in  the  Loan  Agreement  (as  hereinafter  defined).

     The  Borrower  hereby  authorizes  the  Bank  to  record in Bank's internal
records the amount and Type of Advances made to the Borrower by the Bank and all
Continuations,  Conversions,  and  payments  of  principal  in  respect  of such
Advances,  which  records shall, in the absence of manifest error, be conclusive
as  to the outstanding principal amount of all such Advances; provided, however,
that  the  failure  to  make  such  notation with respect to any such Advance or
payment  shall  not  limit  or  otherwise affect the obligations of the Borrower
under  the  Loan  Agreement  or  this  Note.

     This  Note  is  the  Seventh  Amended  and  Restated  Revolving Credit Note
referred  to  in  the  First  Amendment  to  the Third Amended and Restated Loan
Agreement dated as of the date hereof, between the Borrower and the Bank (as the
same may be amended, modified, or supplemented from time to time, being referred
to  herein  as  the  "Loan Agreement"), and evidences the Existing Loans and all
                      --------------
additional  Advances  made by the Bank pursuant to Article II thereof.  The Loan
Agreement,  among  other  things,  contains  provisions  for acceleration of the
maturity  of  this Note upon the happening of certain stated events and also for
prepayments  of  Advances  prior to the maturity of this Note upon the terms and
conditions specified in the Loan Agreement.  Capitalized terms used in this Note
and  not  otherwise defined herein have the respective meanings assigned to them
in  the  Loan  Agreement.

     Notwithstanding  anything to the contrary contained herein, no provision of
this  Note  shall  require  the  payment or permit the collection of interest in
excess of the Maximum Rate.  If any excess of interest in such respect is herein
provided  for,  or  shall  be  adjudicated  to  be  so provided, in this Note or
otherwise  in  connection  with  this  loan  transaction, the provisions of this
paragraph  shall  govern and prevail, and neither the Borrower nor the sureties,
guarantors,  successors or assigns of the Borrower shall be obligated to pay the
excess  amount  of  such  interest,  or  any  other excess sum paid for the use,
forbearance  or  detention  of  sums  loaned pursuant hereto.  If for any reason
interest  in  excess  of  the  Maximum Rate shall be deemed charged, required or
permitted  by  any  court  of  competent  jurisdiction, any such excess shall be
applied as a payment and reduction of the principal of indebtedness evidenced by
this  Note;  and,  if  the  principal  amount  hereof has been paid in full, any
remaining  excess  shall  forthwith  be  paid  to  the Borrower.  In determining
whether  or  not  the  interest  paid  or  payable exceeds the Maximum Rate, the
Borrower  and  the  Bank  shall,  to the extent permitted by applicable law, (i)
characterize  any  non-principal  payment  as an expense, fee, or premium rather
than  as  interest,  (ii) exclude voluntary prepayments and the effects thereof,
and  (iii) amortize, prorate, allocate, and spread in equal or unequal parts the
total  amount  of  interest  throughout  the  entire  contemplated  term  of the
indebtedness  evidenced  by  this  Note so that the interest for the entire term
does  not  exceed  the  Maximum  Rate.

     This Note shall be governed by and construed in accordance with the laws of
the  State  of  Texas  and  the applicable laws of the United States of America.
This  Note  is  performable  in  Dallas  County,  Texas.

     This  Note  is  given  in  renewal,  extension and modification of, but not
extinguishment  or novation of, the indebtedness evidenced by that certain Sixth
Amended  and  Restated  Revolving  Credit  Note dated as of January 22, 2003 but
effective  as  of  December  29,  2002,  in  the  original  principal  amount of
$7,000,000  executed  by  the  Borrower  and  payable  to the order of the Bank.

     The  Borrower  and  each  surety, guarantor, endorser, and other party ever
liable  for  payment  of  any  sums  of  money  payable on this Note jointly and
severally  waive  notice,  presentment,  demand  for payment, protest, notice of
protest and non-payment or dishonor, notice of acceleration, notice of intent to
accelerate,  notice of intent to demand, diligence in collecting, grace, and all
other  formalities of any kind, and consent to all extensions without notice for
any  period  or  periods of time and partial payments, before or after maturity,
and  any  impairment of any collateral securing this Note, all without prejudice
to the holder.  The holder shall similarly have the right to deal in any way, at
any  time, with one or more of the foregoing parties without notice to any other
party,  and to grant any such party any extensions of time for payment of any of
said  indebtedness,  or  to  release or substitute part or all of the collateral
securing  this  Note,  or  to  grant  any  other  indulgences  or  forbearances
whatsoever,  without  notice to any other party and without in any way affecting
the  personal  liability  of  any  party  hereunder.

                              PIZZA  INN,  INC.


                              By:  /s/Ronald W. Parker
                              Name: Ronald W. Parker
                              Title:President and Chief Executive Officer