Document:

EXHIBIT 10.1

                          SECURED PARTY'S BILL OF SALE

         This Secured Party's Bill of Sale and Agreement (the "Secured Party's
Bill of Sale") is made this 12th day of January, 2001 by and between:

         FLEET NATIONAL BANK, Agent, with an office at 100 Federal Street,
         Boston, Massachusetts (the "Secured Party"); and

         Health & Nutrition Systems International, Inc., a Florida corporation
         with an office at 3750 Investment Lane, Suite 5, West Palm Beach,
         Florida 33404 (the "Purchaser")

in consideration of all amounts required to be paid and performed in accordance
with this Secured Party's Bill of Sale.

Sale of Assets.
--------------

         1. For good and valuable consideration, and in consideration of the
payment by the Purchaser of the sum of One Hundred Seventy-Nine Thousand
Twenty-Eight and 35/100 ($179,028.35) Dollars (the "Purchase Price"), the
Secured Party hereby sells, assigns, and transfers to the Purchaser all right,
title, and interest of Heritage Consumer Products, LLC, a Delaware limited
liability company (the `Borrower") in and to certain tangible and intangible
personal property comprising certain of the Borrower's business assets
(collectively, the "Purchased Assets") listed on Exhibit "A," annexed hereto and
incorporated herein by reference, in which The Secured Party has been granted a
security interest by the Borrower.

Representations of Secured Party.
--------------------------------

         2. The Secured Party warrants and represents that:

         a. The Secured Party was granted by the Borrower, and currently holds,
a valid perfected security interest in all of the Purchased Assets.

         b. The Secured Party has not previously sold, assigned, transferred, or
encumbered the Purchased Assets.

         c. The execution by the Secured Party of this Secured Party's Bill of
Sale and the performance by the Secured Party of its obligations hereunder have
been duly authorized by all requisite corporate action. Neither such execution
nor such performance will violate any order of any court or governmental agency
or any agreement by which the Secured Party is bound:

<PAGE>

         d. This secured party's sale is conducted in accordance with
Section 9-504 of the Uniform Commercial Code.

         e. The Purchaser shall acquire all of the Borrower's right, title, and
interest in and to the Purchased Assets free and clear of the lien and security
interest pursuant to which this sale is made, as well as any lien or security
interest subordinate thereto.

Representations and Acknowledgments of Purchaser.
------------------------------------------------

         3. The Purchaser acknowledges and agrees that, except as expressly
provided in Paragraph 2, above:

         a. This secured party's sale is made WITHOUT any representations or
warranties whatsoever by the Secured Party, whether expressed, implied, or
imposed by law. Without limiting the generality of the foregoing exclusion of
representations and warranties, this secured party's sale is made WITHOUT ANY
WARRANTY OF MERCHANTABILITY and WITHOUT ANY WARRANTY OF FITNESS FOR A PARTICULAR
PURPOSE.

         b. The Purchaser acknowledges and agrees that the Secured Party is
selling only those Purchased Assets in which the Secured Party has been granted
a security interest by the Borrower, and not any items of leased property or
other items in the possession of the Borrower, but not owned by the Borrower.

         c. The Purchaser acknowledges. and agrees that the Purchaser is not
purchasing any of the other assets of the Borrower, all of which are expressly
excluded from this secured party's sale.

         d. The Purchaser further warrants and represents that the Purchaser (i)
has made its own independent investigation and evaluation as to the nature and
sufficiency of the Purchased Assets, (ii) is acquiring the Purchased Assets AS
IS and WHERE IS, (iii) has entered into this transaction after consultation with
independent counsel of the Purchaser's own selection, and (iv) is not relying
upon any representation or warranty of the Secured Party in consummating this
transaction.

<PAGE>

         e. Upon delivery of this Secured Party's Bill of Sale, all risk of loss
with respect to the Purchased Assets shall transfer to the Purchaser. The
Purchaser further acknowledges and agrees that by accepting this Secured Party's
Bill of Sale, the Purchaser has received all of the Purchased Assets to be
transferred hereunder and the Secured Party has performed all and singular its
obligations to the Purchaser in connection with this transaction.

         f. The Purchaser warrants and represents that the Purchaser has full
power and authority to execute, deliver, and perform its agreements set forth
herein, and the person executing and delivering this Secured Party's Bill of
Sale in the name, and on behalf of the Purchaser has been duly authorized so to
do.

Remedy for Breach of Representations and Warranties
---------------------------------------------------

         4. Upon the determination by a court of competent jurisdiction that any
of the representations or warranties made by the Secured Party as set forth in
Paragraph 2, above, was not materially true. accurate, or complete, the
Purchaser shall be entitled to a refund of all or a portion, as may be
appropriate under the circumstance, of the Purchase Price actually paid by the
Purchaser to the Secured Party. The Purchaser acknowledges and agrees that the
Purchaser's sole and exclusive remedy for any such breach, both at law and in
equity, shall be limited to such a refund. In no event shall the Secured Party
ever be liable to the Purchaser or its successors or assigns for any incidental,
consequential, special, or punitive damages arising out of any breach by the
Secured Party of the terms and conditions of this Secured Party's Bill of Sale
or otherwise in any way relating to this transaction or the Purchased Assets.

<PAGE>

Indemnification of Secured Party by Purchaser
---------------------------------------------

         5. The Purchaser shall indemnify, defend, and hold (i) the Secured
Party, and (ii) and any employee, officer, or agent of the Secured Party (each,
an "Indemnified Person") harmless of and from any claim brought or threatened
against any Indemnified Person by any person or entity (as well as from
attorneys' reasonable fees and expenses in connection therewith) arising out of,
or on account of, facts, circumstances, and occurrences which arise or occur
from and after the date of this Secured Party's Bill of Sale due to the acts or
omissions of the Purchaser (each of which may be defended, compromised, settled,
or pursued by the Indemnified Person with counsel of the Secured Party's
selection, but at the expense of the Purchaser) other than any claim as to which
a final determination is made in a judicial proceeding (in which the Secured
Party and any other Indemnified Person has had an opportunity to be heard),
which determination includes a specific. finding that the Indemnified Person
seeking indemnification had acted in a grossly negligent manner or in actual bad
faith.

Miscellaneous
-------------

         6. This Secured Party's Bill of Sale constitute the entire agreement
between the Secured Party and the Purchaser, shall be construed in accordance
with the internal law of The Commonwealth of Massachusetts without regard to any
conflicts of laws or principles, and is intended to take effect as a sealed
instrument.

         a. The Purchaser agrees that any legal action proceeding, case, or
controversy against the Purchaser with respect to this Secured Party's Bill of
Sale may be brought in the Superior Court of Suffolk County Massachusetts or in
the United States District Court, District of Massachusetts, sitting in Boston,
Massachusetts, as the Secured Party may elect in the Secured Party's sole
discretion. By execution and delivery of this Secured Party's Bill of Sale, the
Purchaser, for itself and in respect of its property, accepts, submits, and
consents generally and unconditionally, to the jurisdiction of the aforesaid
courts.

         b. The Purchaser WAIVES personal service of any and all process upon
it, and irrevocably consents to the service of process our of any of the
aforementioned courts in any such action or proceeding by the mailing of copies
thereof by certified mail, postage prepaid, to the Purchaser at the Purchaser's
address set forth above.

<PAGE>

         c. The Purchaser WAIVES, at the option of the Secured Party, any
objection based on forum non conveniens and any objection to venue of any action
or proceeding instituted under this Secured Party's Bill of Sale or the
Agreement and consents to the granting of such legal or equitable remedy as is
deemed appropriate by the Court.

         d. Nothing herein shall affect the right of the Secured Party to bring
legal actions or proceedings in any other competent jurisdiction.

         e. The Purchaser agrees that any action commenced by the Purchaser
asserting any claim or counterclaim arising under or in connection with this
Secured Party's Bill of Sale or the Agreement shall be brought in the Superior
Court of Suffolk County Massachusetts or in the United States District Court,
District of Massachusetts, sitting in Boston, Massachusetts, and that such
Courts shall have exclusive jurisdiction with respect to any such action.

<PAGE>

         Executed at Boston, Massachusetts this 12th day of January, 2001.

                                       "Secured Party"

                                       FLEET NATIONAL BANK, Agent

                                       By:   /s/
                                             -----------------------------------
                                       Title:   Authorized Officer
                                             -----------------------------------

                                       Date:    January 12, 2001

                                       Accepted on the terms set forth herein:

                                       "Purchaser"

                                        HEALTH & NUTRITION SYSTEMS
                                        INTERNATIONAL, INC.

                                        By:  /s/Christopher Tisi
                                             -----------------------------------
                                                     Title:   President
                                                             -------------------

                                                     Date:  January 12, 2001
Consented to by:

HERITAGE CONSUMER PRODUCTS, LLC

By:    /s/ Ronald N. Kittner
       -------------------------------------

Title: President
       -------------------------------------

Date:    January 12, 2001

<PAGE>

                                   EXHIBIT "A"

                                Purchased Assets

All "Accutrim inventory described on Schedule 1 hereto, all outstanding purchase
orders, if any, received by the Borrower for "Accutrim" inventory, and the
trademarks relating to the "Accutrim" brand listed on Schedule 2 hereto.

<PAGE>

                                   SCHEDULE 1

 [HERITAGE        HERITAGE CONSUMER PRODUCTS, L.L.C.
    LOGO]         Analysis of Prepaid Vendor Advances
                  Account #14050

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
                  Reference             Description                               Units (Tablets)        Dollars
  Garden State Nutritional:
----------------------------------------------------------------------------------------------------------------------
<S>               <C>           <C>                          <C>                   <C>                  <C>
  10/16/00        00010939      Acutrim AM (50% deposit       P.O. Box #51642      1,521,083            $  41,025.00
                                tabs)
----------------------------------------------------------------------------------------------------------------------
                  00010939      Acutrim PM (50% deposit       P.O. Box #51643      1,509,411            $  39,750.00
                                tabs)
----------------------------------------------------------------------------------------------------------------------
  11/18/00        423127500     Acutrim AM (50%  D.P.) addl   P.O. Box #451642     1,000,000            $  13,675.00
                                tabs due 12/18
----------------------------------------------------------------------------------------------------------------------
  11/8/00         423131500     Acutrim PM (50% deposit       P.O. Box #51643        500.000            $   6,625.00
                                tabs) addl tabs due 12/18
----------------------------------------------------------------------------------------------------------------------
  11/10/00        51651-VA      Acutrim PM (50% deposit       P.O. Box #51650      2,000.000            $  26,500.00
                                tabs) tabs for Jan. promo
----------------------------------------------------------------------------------------------------------------------
  11/10/00        51650-VA      Acutrim AM (50% deposit       P.O. Box #51651       1,875,00            $  25,640.50
                                tabs) tabs for Jan. promo
----------------------------------------------------------------------------------------------------------------------
  12/4/00         00011067      Acutrim Natural AM & PM       P.O. Box #51583/84                        $     812.85
                                (Bal due prev. orders)
----------------------------------------------------------------------------------------------------------------------
                  Subtotal                                                                              $ 154,028.35
----------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                   SCHEDULE 2

----------------------------------------------------------------------------------------------------------------------
                         Trademark                                             Registration Number
----------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                        <C>
                          Acutrim                                                    1266820
----------------------------------------------------------------------------------------------------------------------
</TABLE>EXHIBIT 10.2

                              TRADEMARK ASSIGNMENT

         This Trademark Assignment (hereinafter referred to as "Assignment") is
effective as of the 12th day of January, 2001, by and between Heritage Consumer
Products, LLC., a Delaware limited liability company (hereinafter referred to as
"Assignor") having its principal place of business at Brookfield Commons, 246
Federal Road, Suite CL-14, Brookfield, Connecticut 06804, and Health & Nutrition
Systems International, Inc. (hereinafter referred to as "Assignee") having its
principal place of business at 3750 Investment Lane, Suite 5, West Palm Beach,
Florida 33404.

         WHEREAS, Fleet National Bank, as Agent (the "Agent") transferred
certain of the assets of the Assignor in which the Agent claimed a security
interest to Assignee;

         WHEREAS, Assignor has adopted, used, is using, and is the owner of the
trademarks reflected on the trademark registrations and Application for
Trademark Registration listed in Schedule A, attached hereto and incorporated
herein by this reference, and all other rights appurtenant thereto, including,
but not limited to, all common law rights, trade name rights, causes of action,
and the right to recover for past infringement (hereinafter collectively
referred to as ("Trademarks");

         WHEREAS, Assignee is desirous of acquiring all rights, title, and
interest in and to the Trademarks;

         WHEREAS, in connection with the sale by the Agent to the Assignee,
Assignor is willing to execute this Trademark Assignment confirming the
assignment to Assignee all rights, title, and interest in and to the Trademarks;

         NOW, THEREFORE, for good and adequate consideration, the receipt and
sufficiency of which is hereby acknowledged, Assignor hereby assigns and sells
to Assignee all rights, title and interest as Assignor may possess in and to the
Trademarks as set forth in Schedule A and goodwill of the business associated
therewith.

                                         HERITAGE CONSUMER PRODUCTS, LLC
                                         a Delaware limited liability company

                                         Executed as of this 12th
day of January, 2001.

                                         By:    /s/ Ronald N. Kittner
                                                --------------------------------
                                         Name:  Ronald N. Kittner
                                                --------------------------------
                                         Title: President
                                                --------------------------------

<PAGE>

                                   SCHEDULE A
<TABLE>
<CAPTION>
<S>                             <C>     <C>
Word Mark:                              ACUTRIM LATE DAY
Goods and Services:                     IC 005, US 018, G&S: APPETITE SUPPRESSANT. FIRST
                                        USE: 19860424. FIRST USE IN COMMERCE: 19860424
Mark Drawing Code:                      (1) TYPED DRAWING
Serial Number:                          73601100
Filing Date:                            May 27, 1986
Published for Opposition:               September 30, 1986
Registration Number:                    1421697
Registration Date:                      December 23, 1986
Owner                                   (REGISTRANT) CIBA-GEIGY CORPORATION
                                        CORPORATION NEW YORK 444 SAW MILL RIVER
                                        ROAD ARDSLEY NEW YORK 10502
Assignment Recorded:                    ASSIGNMENT RECORDED
Attorney of Record:                     JOANN VILLAMIZAR
Prior Registrations                     1266820
Type of Mark:                           TRADEMARK
Register:                               PRINCIPAL
Affidavit Text:                         SECT 15. SECT 8 (6-YR)
Live/Dead Indicator:                    LIVE

                                -----------------------------

Word Mark:                              ACUTRIM COMPLETE
Goods and Services:                     IC 005, US 006 018 044 046 051 052. G&S: Pharmaceutical
                                        products, specifically appetite suppressants
Mark Drawing Code:                      (1) TYPED DRAWING
Serial Number:                          75525378
Filing Date:                            July 24, 1998
Filed ITU::                             FILED AS ITU
Published for Opposition:               October 10, 2000
Owner                                   (APPLICANT) Heritage Consumer Products, LLC LIMITED
                                        LIABILITY COMPANY DELAWARE Breakfield Commons
                                        246 Federal Road, Suite CL-41 Brookfield CONNECTICUT
                                        06804
Attorney of Record:                     GARY I. YINGLING
Disclaimer:                             NO CLAIM IS MADE TO THE EXCLUSIVE RIGHT TO
                                        USE "COMPLETE" APART FROM THE MARK AS
                                        SHOWN
Type of Mark:                           TRADEMARK
Register:                               PRINCIPAL
Live/Dead Indicator:                    LIVE

                                -----------------------------
</TABLE>

                                      A-1

<PAGE>

<TABLE>
<CAPTION>

<S>                             <C>     <C>
Word Mark:                              ACUTRIM
Goods and Services:                     IC 005, US 018, G & S: Appetite Suppressant. FIRST USE:
                                        19821008. FIRST USE IN COMMERCE: 19821008
Mark Drawing Code:                      (1) TYPED DRAWING
Serial Number:                          73400290
Filing Date:                            October 18, 1982
Published for Opposition:               November 22, 1983
Registration Number:                    1266820
Registration Date:                      February 14, 1984
Owner                                   (REGISTRANT) Ciba-Geigy Corporation d.b.a. Ciba
                                        Consumer Pharmaceuticals CORPORATION NEW YORK
                                        444 Saw Mill River Road Ardsley NEW YORK 10502
Assignment Recorded:                    ASSIGNMENT RECORDED
Type of Mark:                           TRADEMARK
Register:                               PRINCIPAL
Affidavit Text:                         SECT 15. SECT 8 (6-YR)
Live/Dead Indicator:                    LIVE

</TABLE>

                                      A-2

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