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                                                                    EXHIBIT 10.1

                                    GRID NOTE
                                       BY
                            QUEBECOR WORLD (USA) INC.

                                                                   MARCH 6, 2000
                                                          GREENWICH, CONNECTICUT

FOR VALUE RECEIVED, the undersigned, Quebecor World (USA) Inc. ("World") hereby
promises to pay to the order of Quebecor Printing Delaware LLC ("QPDLLC"),
or to the order of any successor thereto, at the principal office of QPDLLC, at
Wilmington, Delaware or at such other place as shall be designated by the holder
hereof from time to time, the unpaid principal amount of all advances made by
QPDLLC, to World from time to time. World promises to pay interest on, March 6,
2000 and thereafter monthly, the unpaid principal amount of each such advance at
the maturity thereof at the Prime + 1 % (which rate shall not exceed the maximum
rate permitted by applicable law) at such office for the period commencing on
the date such advance is made until such advance shall be paid in full, with
interest on any interest (to the extent permitted by law) not paid when due at
the same rate until paid. All such payments of principal and interest shall be
made in lawful money of the United States of America and in immediately
available funds.

All advances made by QPDLLC, the maturities thereof and all repayments of
principal thereof shall be recorded by QPDLLC, and appropriate notations of
evidence the foregoing information with respect to each such advance shall be
endorsed by QPDLLC, on the schedule attached hereto, or on a continuation of
such schedule attached to and made a part hereof; provided that the failure of
QPDLLC, to make such recordation or endorsement shall not affect the obligations
of World, hereunder.

The occurrence of any of the following shall constitute an Event of Default
hereunder:

1.       Commencement of any proceeding under any existing or future law of any
         jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
         reorganisation, or relief of debtors, by or against World. If such
         proceedings is not stayed or dismissed within 90 days from the date on
         which it is filed; or

2.       The appointment of a trustee, receiver, custodian, liquidator or the
         like under any law relating to bankruptcy, insolvency, reorganisation,
         winding-up, or composition or adjustment of debts of, or a general
         assignment for the benefit of creditors of World.

Upon the occurrence of any Event of Default specified above, the entire unpaid
principal amount of all advances evidenced hereby, plus accrued interest, shall
automatically become immediately due and payable.

The undersigned promises to pay all costs and expenses, including reasonable
attorneys fees and disbursements incurred in the collection and enforcement of
this Note or any appeal of a judgement rendered thereon. The undersigned hereby
waives diligence, presentment, protest, demand and notice of every kind and, to
the full extend permitted by applicable law, the right to plead any statute of
limitations as a defense to any demands hereunder.

THIS NOTE SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF WILMINGTON, DELAWARE.

IN WITNESS WHEREOF WORLD has caused this Note to be executed and delivered by
its duly authorised director, as of the day and year and at the place first
above written.

                                  QUEBECOR WORLD (USA) INC.

                                  By:
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                                  By:
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