Document:

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                                                                   EXHIBIT 10.54

                      THE CIT GROUP/ BUSINESS CREDIT, INC.
                       300 South Grand Avenue, Third Floor
                          Los Angeles, California 90071

                                   Dated as of
                                 April 10, 2001

                 Re: Amendment Number One to Financing Agreement

TWIN LABORATORIES INC.
150 Motor Parkway
Hauppauge, New York 11788

Gentlemen:

Reference is made to the Financing Agreement between The CIT Group/Business
Credit, Inc. as lender and agent thereunder ("Agent"), and Twin Laboratories
Inc. and its affiliates, as borrowers thereunder (collectively, the
"Companies"), dated as of March 29, 2001, as the same may be amended from time
to time (the "Financing Agreement"). Capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed to such terms in the
Financing Agreement.

The Companies and CITBC wish to amend certain provisions of the Financing
Agreement.

Therefore, pursuant to mutual agreement, it is hereby agreed as follows:

I. Amendment of Definition of "Blechmans". The definition of "Blechmans" set
forth in Section 1 of the Financing Agreement is hereby deleted and replaced by
the following:

      Blechmans means Brian Blechman, Dean Blechman, Neil Blechman, Ross
      Blechman, Stephen Blechman, Linda Blechman, Sharon Blechman, Robin
      Blechman, Elyse Blechman, and Helena Blechman.

II. Confirmation of Guaranties. By execution below, the Companies and the other
parties constituting Guarantors hereby each confirm that each of their
respective guaranties executed and delivered in connection with the Financing
Agreement remains in full force and effect notwithstanding the execution,
delivery and performance by the Companies of this Letter Amendment and the
Financing Agreement as amended hereby.

III. General Terms.

      1. To the extent any of the terms and provision of the Financing Agreement
and/or the Loan Documents conflict or are inconsistent with the terms hereof,
the terms of this Letter Amendment shall govern.

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      2. The effectiveness of this Letter Amendment is conditioned upon receipt
by CITBC of:

            (a)   an executed counterpart of this Letter Amendment executed by
                  each Company and Guarantor.

      3. This agreement may be executed in two (2) or more counterparts, each of
which shall constitute an original but all of which when taken together shall
constitute but one (1) agreement, and shall become effective when copies hereof
which, when taken together, bear the original signatures of each of the parties
hereto are delivered to CITBC.

      Except as set forth herein no other change in the terms or provisions of
the Financing Agreement or any other Loan Document is intended or implied. If
the foregoing is in accordance with your understanding, please so indicate by
signing and returning the enclosed copy of this Letter Amendment.

                                        Very truly yours,

                                        THE CIT GROUP/BUSINESS CREDIT, INC.

                                        By:________________________________

                                        Title:_______________________________

                                       2
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AGREED:

TWIN LABORATORIES INC.,
a Utah corporation

By: _______________________________
Title:

ADVANCED RESEARCH PRESS, INC.,
a New York corporation

By: _______________________________
Title:

CHANGES INTERNATIONAL, INC.,
a Florida corporation

By: _______________________________
Title:

PR NUTRITION, INC.,
a California corporation

By: _______________________________
Title:

HEALTH FACTORS INTERNATIONAL, INC.,
a Delaware corporation

By: _______________________________
Title:

BRONSON LABORATORIES, INC.,
a Delaware corporation

By: _______________________________
Title:

                                       3
<PAGE>

TWINLAB CORPORATION,
a Delaware corporation

By: _______________________________
Title:

TWINLAB FSC INC.,
a Barbados corporation

By: _______________________________
Title:

                                       4<PAGE>
                                                                   EXHIBIT 10.55

                      THE CIT GROUP/ BUSINESS CREDIT, INC.
                       300 South Grand Avenue, Third Floor
                          Los Angeles, California 90071

                                   Dated as of
                                  May 31, 2001

      Re:   Waiver and Amendment Number Two to Financing Agreement and Loan
            Documents

TWIN LABORATORIES INC.
150 Motor Parkway
Hauppauge, New York 11788

Gentlemen:

Reference is made to the Financing Agreement between The CIT Group/Business
Credit, Inc. as lender and agent thereunder ("Agent"), and Twin Laboratories
Inc. and its affiliates, as borrowers thereunder (collectively, the
"Companies"), dated as of March 29, 2001, as the same may be amended from time
to time (the "Financing Agreement"). Capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed to such terms in the
Financing Agreement.

CITBC wish to waiver certain provisions of the Financing Agreement and the
Companies and CITBC wish to amend certain provisions of the Financing Agreement.

Therefore, pursuant to mutual agreement, it is hereby agreed as follows:

I. Waiver of Section 6.10(e) 30-Day Notice. CITBC hereby waives the requirement
respecting 30-day advance notice with respect, but only with respect, to the
change of corporate name of Changes International, Inc. to Twinlab Direct, Inc.,
and of PR Nutrition, Inc. to Twinlab Mailorder, Inc.

II. Amendment of Names of Certain Companies. The Financing Agreement and the
other Loan Documents are hereby amended such that each and every reference to
the Companies named in Section I above shall reflect the new corporate names as
referenced in Section I above.

III. Confirmation of Guaranties. By execution below, the Companies and the other
parties constituting Guarantors hereby each confirm that each of their
respective guaranties executed and delivered in connection with the Financing
Agreement remains in full force and effect notwithstanding the execution,
delivery and performance by the Companies of this Letter Amendment and the
Financing Agreement as amended hereby.

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IV. General Terms.

      1. To the extent any of the terms and provision of the Financing Agreement
and/or the Loan Documents conflict or are inconsistent with the terms hereof,
the terms of this Letter Amendment shall govern.

      2. The effectiveness of this Letter Amendment is conditioned upon receipt
by CITBC of:

            (a)   an executed counterpart of this Letter Amendment executed by
                  each Company and Guarantor.

      3. This agreement may be executed in two (2) or more counterparts, each of
which shall constitute an original but all of which when taken together shall
constitute but one (1) agreement, and shall become effective when copies hereof
which, when taken together, bear the original signatures of each of the parties
hereto are delivered to CITBC.

      Except as set forth herein no other change in the terms or provisions of
the Financing Agreement or any other Loan Document is intended or implied. If
the foregoing is in accordance with your understanding, please so indicate by
signing and returning the enclosed copy of this Letter Amendment.

                                     Very truly yours,

                                     THE CIT GROUP/BUSINESS CREDIT, INC.

                                     By:________________________________

                                     Title:_____________________________

                                       2
<PAGE>

AGREED:

TWIN LABORATORIES INC.,
a Utah corporation

By: _______________________________
Title:

ADVANCED RESEARCH PRESS, INC.,
a New York corporation

By: _______________________________
Title:

TWINLAB DIRECT, INC.,
a Florida corporation

By: _______________________________
Title:

TWINLAB MAILORDER, INC.,
a  California corporation

By: _______________________________
Title:

HEALTH FACTORS INTERNATIONAL, INC.,
a Delaware corporation

By: _______________________________
Title:

BRONSON LABORATORIES, INC.,
a Delaware corporation

By: _______________________________
Title:

                                       3
<PAGE>

TWINLAB CORPORATION,
a Delaware corporation

By: _______________________________
Title:

TWINLAB FSC INC.,
a Barbados corporation

By: _______________________________
Title:

                                       4<PAGE>
                                                                   EXHIBIT 10.56

                      THE CIT GROUP/ BUSINESS CREDIT, INC.
                       300 South Grand Avenue, Third Floor
                          Los Angeles, California 90071

                                   Dated as of
                                  June 5, 2001

                      Re: Waiver and Amendment Number Three
                    to Financing Agreement and Loan Documents

TWIN LABORATORIES INC.
150 Motor Parkway
Hauppauge, New York 11788

Gentlemen:

Reference is made to the Financing Agreement between The CIT Group/Business
Credit, Inc. as lender and agent thereunder ("Agent"), the other lenders party
thereto ("Lenders"), and Twin Laboratories Inc. and certain of its subsidiaries,
as borrowers thereunder (collectively, the "Companies"), dated as of March 29,
2001, as the same has been amended (the "Financing Agreement"). Capitalized
terms used herein and not otherwise defined herein shall have the meanings
ascribed to such terms in the Financing Agreement.

Agent, Lenders and the Companies wish to waive and amend certain provisions of
the Loan Documents.

Therefore, pursuant to mutual agreement, it is hereby agreed as follows:

I. Waiver of Sections 6.10(d) and 6.14. Lenders hereby waive the applicability
of Sections 6.10(d) and 6.14 with respect to the sale of the capital stock of
Advanced Research Press, Inc., a New York corporation ("ARP"), on the terms and
conditions previously disclosed to Agent by the Companies. Lenders further agree
that upon the effective date of this Waiver and Amendment, all liens, claims and
encumbrances of Agent and the Lenders upon the capital stock and assets of ARP
shall be released and of no further force and effect, and Agent shall, at the
Companies' cost and expense, execute and deliver any and all such lien releases,
UCC-1 financing statement termination statements and other instruments and
agreements as reasonably requested by the Companies to effect such release of
liens, claims and encumbrances.

II. Amendment of Loan Documents to Remove ARP. The Financing Agreement and the
other Loan Documents are hereby amended such that ARP is no longer a party
thereto, each and every reference to ARP therein is deleted, each reference to
the Companies does not include ARP, and ARP is released from all obligations
under the Financing Agreement and the other Loan Documents.

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<PAGE>

IV. Amendment of Definition of "TLI Borrowing Base". The definition of "TLI
Borrowing Base" in the Financing Agreement is hereby amended such that clause
(c) thereof is replaced by the following:

            (c) the then aggregate amount available for drawing under the
            Blechmans Letters of Credit (but not in excess of $15,000,000),
            taking into account any reductions and partial drawings,

V. Amendment of Section 3.1(a). Section 3.1(a) of the Financing Agreement is
hereby amended to delete the last sentence thereof.

VI. Amendment of Section 6.10. Section 6.10 of the Financing Agreement is hereby
amended to delete the phrase "without the prior written consent of Agent," at
the beginning of such Section.

VII. Amendment of Section 6.11(b). Section 6.11(b) of the Financing Agreement
is hereby amended to delete the phrase "without the prior written consent of
Agent," at the beginning of such Section.

VIII. Amendment of Section 7.6. Section 7.6 of the Financing Agreement is hereby
amended to add the phrase "for the benefit of the Lenders" after the second
occurrence of word "Agent" in that Section.

IX. Amendment of Section 12.9. The fourth sentence of Section 12.9 of the
Financing Agreement is hereby amended such that the consent of the Agent shall
not be required with respect to any assignments by a Lender to an Affiliate or a
subsidiary of that Lender.

X. Amendment of Section 13.10. Section 13.10 of the Financing Agreement is
hereby amended to add to clause (a)(v)(y) thereof a reference to "Availability
Reserve" as a definition which may not be amended without the consent of all
Lenders.

XI. Amendment of Section 14.1. Section 14.1 of the Financing Agreement is hereby
amended to replace the first sentence thereof with the following:

            Within the Revolving Line of Credit and Availability, the Agent on
            behalf of the Lenders shall assist each of the Companies in
            obtaining Letter(s) of Credit in an amount not to exceed the
            outstanding amount of the Letter of Credit Sub-Line and with an
            expiration date no later than the Business Day immediately preceding
            the Anniversary Date.

XII. Confirmation of Guaranties. By execution below, the Companies and the other
parties constituting Guarantors (other than ARP) hereby each confirm that each
of their respective guaranties executed and delivered in connection with the
Financing Agreement remains in full force and effect notwithstanding the
execution, delivery and performance by the Companies of this Letter Amendment
and the Financing Agreement as amended hereby.

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<PAGE>

XIII. General Terms.

      1. To the extent any of the terms and provisions of the Financing
Agreement and/or the Loan Documents conflict or are inconsistent with the terms
hereof, the terms of this Waiver and Amendment shall govern.

      2. The effectiveness of this Waiver and Amendment is conditioned upon
receipt by Agent of an executed counterpart of this Waiver and Amendment
executed by each Company and Guarantor.

      3. This agreement may be executed in two (2) or more counterparts, each of
which shall constitute an original but all of which when taken together shall
constitute but one (1) agreement, and shall become effective when copies hereof
which, when taken together, bear the original signatures of each of the parties
hereto are delivered to Agent.

      Except as set forth herein no other change in the terms or provisions of
the Financing Agreement or any other Loan Document is intended or implied. If
the foregoing is in accordance with your understanding, please so indicate by
signing and returning the enclosed copy of this Waiver and Amendment.

                                        Very truly yours,

                                        THE CIT GROUP/BUSINESS CREDIT, INC.

                                        By:________________________________

                                        Title:_______________________________

CONGRESS FINANCIAL CORPORATION

By: __________________________
Title:

                                       3
<PAGE>

AGREED:

TWIN LABORATORIES INC.,
a Utah corporation

By: _______________________________
Title:

ADVANCED RESEARCH PRESS, INC.,
a New York corporation

By: _______________________________
Title:

TWINLAB DIRECT, INC.,
a Florida corporation

By: _______________________________
Title:

TWINLAB MAILORDER, INC.,
a  California corporation

By: _______________________________
Title:

HEALTH FACTORS INTERNATIONAL, INC.,
a Delaware corporation

By: _______________________________
Title:

BRONSON LABORATORIES, INC.,
a Delaware corporation

By: _______________________________
Title:

                                       4
<PAGE>

TWINLAB CORPORATION,
a Delaware corporation

By: _______________________________
Title:

TWINLAB FSC INC.,
a Barbados corporation

By: _______________________________
Title:

                                       5

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