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                                                                EXHIBIT 10.3

                           [IMPERIAL BANK LOGO]

                        GENERAL SECURITY AGREEMENT
                (TANGIBLE AND INTANGIBLE PERSONAL PROPERTY)


This Agreement is executed on October 10, 1995, by INLAND CASINO CORPORATION 
(hereinafter called "Obligor"). In consideration of financial accommodations 
given, to be given or continued, the Obligor grants to IMPERIAL BANK 
(hereinafter called "Bank") a security interest in (a) all property (i) 
delivered to Bank by Obligor, (ii) which shall be in Bank's possession or 
control in any matter or for any purpose, (iii) described below, (iv) now 
owned or hereafter acquired by Obligor of the type or class described below 
and/or in any supplementary schedule hereto, or in any financing statement 
filed by Bank and executed by or on behalf of Obligor, (b) the proceeds, 
increase and products of such property, all accessions thereto, and all 
property which Obligor may receive on account of such collateral which Obligor 
will immediately deliver to Bank (collectively referred to as "Collateral") to 
secure payment and performance of all of Obligor's present or future debts or 
obligations to Bank, whether absolute or contingent (hereafter referred to as 
"Debt"). Unless otherwise defined, words used herein have the meanings given 
them in the California Uniform Commercial Code.

Collateral:

A.  VEHICLE, VESSEL, AIRCRAFT:
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<S>       <C>                           <C>                <C>                          <C>                     <C>
                                                           Identification                  License or
Year      Make/Manufacturer             Model               and Serial No.              Registration No.        New or Used
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</TABLE>

Engine or other equipment: ___________________________________________________
(For aircraft - original ink signature on copy to FAA)

B.  DEPOSIT ACCOUNTS:

Type____________________________Account Number__________________Amount $_______

In name of ___________________________Depository_______________________________
AND ALL EXTENSIONS OR RENEWALS THEREOF.

C.  ACCOUNTS, INTANGIBLES AND OTHER: (Describe)

All personal property, whether presently existing or hereafter created or 
acquired, including but not limited to: All accounts, chattel paper, documents, 
instruments, money, deposit accounts and general intangibles including returns, 
repossessions, books and records relating thereto, and equipment containing 
said books and records. All goods including equipment and inventory. All 
proceeds including, without limitation, insurance proceeds. All guarantees and 
other security therefor.

The collateral not in Bank's possession will be located at: 4225 Executive 
Square, Ste. 1650, La Jolla, Ca. 92037

/  /  If checked, the Obligor is executing this Agreement as an Accommodation 
Debtor only and the Obligor's liability is limited to the security interest 
granted in the Collateral described herein. The party being accommodated is
("Borrower").

All the terms and provisions on the reverse side hereof are incorporated herein 
as though set forth in full, and constitute a part of this Agreement.

<TABLE>

<S>                             <C>                                   <C>
                                        
                                        Signature
           Name                (Indicate title, if applicable)               Address                                                

INLAND CASINO CORPORATION       BY:                                   4225 Executive Square,
                                                                      Ste. 1650
                                                                      La Jolla, Ca. 92037
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                          SECURITY AGREEMENT CONTINUED

Obligor represents, warrants and agrees:

        1. Obligor will immediately pay (a) any Debt when due, (b) Bank's costs 
of collecting the Debt, of protecting, insuring or realizing on Collateral, and 
any expenditure of Bank pursuant hereto, including attorney's fees and 
expenses, with interest at the rate of 24% per year, or the rate applicable to 
the Debt, whichever is less, from the date of expenditure, and (c) any 
deficiency after realization of Collateral.

        2. Obligor will use the proceeds of any loan that becomes Debt 
hereunder for the purpose indicated on the application therefore, and will 
promptly contract to purchase and pay the purchase price of any property which 
becomes Collateral hereunder from the proceeds of any loan made for that 
purpose. 

        3. As to all Collateral in Obligor's possession (unless specifically 
otherwise agreed by Bank in writing), Obligor will: 
           (a) Have, or has, possession of the Collateral at the location 
           disclosed to Bank and will not remove the Collateral from the 
           location. 
           (b) Keep the Collateral separate and identifiable.
           (c) Maintain the Collateral in good and saleable condition, repair it
           if necessary, clean, feed, shelter, water, medicate, fertilize,
           cultivate, irrigate, prune and otherwise deal with the Collateral in
           all such ways as are considered good practice by owners of like
           property, use it lawfully and only as permitted by insurance
           policies, and permit Bank to inspect the Collateral at any reasonable
           time. 
           (d) Not sell, contract to sell, lease, encumber or transfer the
           Collateral (other than inventory Collateral) until the Debt has been
           paid, even though Bank has a security interest in proceeds of such
           Collateral. 

        4. As to Collateral which is inventory and accounts, Obligor: 
           (a) May, until notice from Bank, sell, lease or otherwise dispose of
           inventory Collateral in the ordinary course of business only, and
           collect the cash proceeds thereof. 
           (b) Will, upon notice from Bank, deposit all cash proceeds as
           received in a demand deposit account with Bank containing only such
           proceeds and deliver statements identifying units of inventory
           disposed of, accounts which gave rise to proceeds, and all
           acquisitions and returns of inventory, as required by Bank. 
           (c) Will receive in trust, schedule on forms satisfactory to the Bank
           and deliver to Bank all noncash proceeds other than inventory
           received in trade. 
           (d) If not in default, may obtain release of Bank's interest in
           individual units of inventory upon request, therefore, payment to
           Bank of the release price of such units shown on any Collateral
           schedule supplementary hereto, and compliance herewith as to proceeds
           thereof. 

        5. As to Collateral which is accounts, chattel paper, general 
intangibles and proceeds described in 4(c) above, Obligor warrants, represents 
and agrees: 
           (a) All such Collateral is genuine, enforceable in accordance with
           its terms, free from default, prepayment, defense and conditions
           precedent (except as disclosed to and accepted by Bank in writing)
           and is supported by consecutively numbered invoices to, or rights
           against, the debtors thereon. Obligor will supply Bank with duplicate
           invoices or other evidence of Obligor's rights on Bank's request; 
           (b) All persons appearing to be obligated on such Collateral have
           authority and capacity to contract; 
           (c) All chattel paper is in compliance with law as to form, content
           and manner of preparation and execution and has been properly
           registered, recorded, and/or filed to protect Obligor's interest
           thereunder; 
           (d) If an account debtor shall also be indebted to Obligor on another
           obligation, any payment made by him not specifically designated to be
           applied on any particular obligation shall be considered to be a
           payment on the account in which Bank has a security interest. Should
           any remittance include a payment not on an account, it shall be
           delivered to Bank and if no event of default has occurred, Bank shall
           pay Obligor the amount of such payment; 
           (e) Obligor agrees not to compromise, settle or adjust any account or
           renew or extend the time of payment thereof without Bank's prior
           written consent. 

        6. Obligor owns all Collateral absolutely and no other person has or 
claims any interest in any Collateral, except as disclosed to and accepted by 
Bank in writing. Obligor will defend any proceeding which may affect title to 
or Bank's security interest in any Collateral, and will indemnify and hold Bank 
free and harmless from all costs and expenses of Bank's defense. 

        7. Obligor will pay when due all existing or future charges, liens or 
encumbrances on and all taxes and assessments now or hereafter imposed on or 
affecting the Collateral and, if the Collateral is in Obligor's possession, the 
realty on which the Collateral is located. 

        8. Obligor will insure the Collateral with Bank as loss payee, in form 
and amounts, with companies, and against risks and liability satisfactory to 
Bank, and hereby assigns such policies to Bank, agrees to deliver them to Bank 
at Bank's request, and authorizes Bank to make any claim thereunder, to cancel 
the insurance of Obligor's default, and to receive payment of and endorse any 
instrument in payment of any loss or return premium. If Obligor should fail to 
deliver the required policy or policies to the Bank, Bank may, at Obligor's 
cost and expense, without any duty to do so, get and pay for insurance naming 
as the insured, at Bank's option, either both Obligor and the Bank, or only 
the Bank, and the cost thereof shall be secured by this security agreement, 
and shall be repayable as provided in Paragraph 1 above. 

        9. Obligor will give Bank any information it requires. All information 
at any time supplied to Bank by Obligor (including, but not limited to, the 
value and condition of Collateral, financial statements, financing statements, 
and statements made in documentary Collateral), is correct and complete, and 
Obligor will notify Bank of any adverse change in such information. Obligor 
will promptly notify Bank of any change of Obligor's residence, chief executive 
office or mailing address. 

       10. Bank is irrevocably appointed Obligor's attorney-in-fact to do any 
act which Obligor is obligated hereby to do, to exercise such rights as Obligor 
may exercise, to use such equipment as Obligor might use, to enter Obligor's 
premises to give notice of Bank's security interest in, and to collect 
Collateral and proceeds and to execute and file in Obligor's name any financing 
statements and amendments thereto required to perfect Bank's security interest 
hereunder, all to protect and preserve the Collateral and Bank's rights 
hereunder. Bank may:
           (a) Endorse, collect and receive delivery or payment of instruments
           and documents constituting Collateral;
           (b) Make extension agreements with respect to or affecting
           Collateral, exchange it for other Collateral, release persons liable
           thereon or take security for the payment thereof, and compromise
           disputes in connection therewith; 
           (c) Use or operate Collateral for the purpose of preserving
           Collateral or its value and for preserving or liquidating 
           Collateral. 

       11. If more than one Obligor signs this agreement, their liability is
joint and several. Any Obligor who is married, agrees that recourse may be had
against separate property for the Debt. Discharge of any Obligor except for full
payment, or any extension, forbearance, change of rate of interest, or
acceptance, release or substitution of Collateral or any impairment or
suspension of Bank's rights against an Obligor, or any transfer of an Obligor's
interest to another shall not affect the liability of any other Obligor. Until
the Debt shall have been paid or performed in full, Bank's rights shall continue
even if the Debt is outlawed. All Obligor's waive: (a) any right to require Bank
to proceed against any Obligor before any other, or to pursue any other remedy;
(b) presentment, protest and notice of protest, demand and notice of nonpayment,
demand or performance, notice of sale, and advertisement of sale; (c) any right
to the benefit of or to direct the application of any Collateral until the Debt
shall have been paid; (d) and any right of subrogation to Bank until Debt shall
have been paid or performed in full. 

       12. Upon default, at Bank's option without demand or notice, all or any 
part of the Debt shall immediately become due. Bank shall have all rights given 
by law, and may sell, in one or more sales, Collateral in any county where Bank 
has an office. Bank may purchase at such sale. Sales for cash or on credit to a 
wholesaler, retailer or user of the Collateral, or at public or private 
auction, are all to be considered commercially reasonable. Bank may require 
Obligor to assemble the Collateral and make it available to Bank at the 
entrance to the location of the Collateral, or a place designated by Bank. 

           Defaults shall include:
           (a) Obligor's failure to pay or perform this or any agreement with
           Bank or breach of any warranty herein, or Borrower's failure to pay
           or perform any agreement with Bank,
           (b) Any change in Obligor's or Borrower's financial condition which
           in Bank's judgment impairs the prospect of Borrower's payment or
           performance, 
           (c) Any actual or reasonably anticipated deterioration of the
           Collateral or in the market price thereof which causes it in Bank's
           judgment to become unsatisfactory as security, 
           (d) Any levy or seizure against Borrower or any of the Collateral, 
           (e) Death, termination of business, assignment for creditors,
           insolvency, appointment of receiver, or the filing of any petition
           under bankruptcy or debtor's relief laws of, by or against Obligor or
           Borrower or any guarantor of the Debt, 
           (f) Any warranty or representation is false or is believed in good
           faith by Bank to be false. 

       13. Bank's acceptance of partial or delinquent payments or the failure 
of Bank to exercise any right or remedy shall not waive any obligation of 
Obligor or Borrower or right of Bank or modify this agreement, or waive any 
other similar default. 

       14. On transfer of all or any part of the Debt, Bank may transfer all or 
any part of the Collateral. Bank may deliver all or any part of the Collateral 
to any Obligor at any time. Any such transfer or delivery shall discharge Bank 
from all liability and responsibility with respect to such Collateral 
transferred or delivered. This agreement benefits Bank's successors and assigns 
and binds Obligor's heirs, legatees, personal representatives, successors and 
assigns. Obligor agrees not to assert against any assignee of Bank any claim or 
defense that may exist against Bank. Time is of the essence. This agreement and 
supplementary schedules hereto contain the entire security agreement between 
Bank and Obligor. Obligor will execute any additional agreements, assignments 
or documents reasonably required by Bank to carry this agreement into effect. 

       15. This agreement shall be governed by and construed in accordance with 
the laws of the State of California, to the jurisdiction of whose courts the 
Obligor hereby agrees to submit. Obligor agrees that service of process may be 
accomplished by any means authorized by California law. All words used herein 
in the singular shall be considered to have been used in the plural where the 
context and construction so require.