Document:

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                                                                    Exhibit 4.13

                                    CLASS C
                CONFIRMATION FOR U.S. DOLLAR INTEREST RATE SWAP
                     TRANSACTION UNDER 2001 MASTER AGREEMENT

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<Caption>
<S>     <C>                                   <C>      <C>
DATE:   August 21, 2001                       OUR REF: Morgan Reference Number 500342
TO:     World Financial Network Credit Card   FROM:    Morgan Guaranty Trust Company of
        Master Note Trust                              New York
        c/o JP Morgan Chase                            60 Wall Street
        500 Stanton Christiana Road                    New York, NY 10260
        OPS4/ 3rd Floor
        Newark, DE 19713
ATTN:   Institutional Trust Services          CONTACT: Document Control
FAX NO:                                       FAX NO:  212-648-8882
TEL NO:                                       TEL NO:  212-648-5088
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Dear Sir/Madam,

      The purpose of this letter agreement is to confirm the terms and
conditions of the Transaction entered into between WORLD FINANCIAL NETWORK
CREDIT CARD MASTER NOTE TRUST and MORGAN GUARANTY TRUST COMPANY OF NEW YORK
(each a "party" and together "the parties") on the Trade Date specified below
(the "Transaction"). This letter agreement constitutes a "Confirmation" as
referred to in the ISDA Master Agreement specified in paragraph 1 below (the
"Agreement").

      The definitions and provisions contained in the 1991 ISDA Definitions, as
amended by the 1998 Supplement thereto (each as published by the International
Swaps and Derivatives Association, Inc., the "Definitions") are incorporated
into this Confirmation. In the event of any inconsistency between the
Definitions and this Confirmation, this Confirmation will govern. Capitalized
terms used herein and not otherwise defined have the meanings set forth in the
Definitions or the Indenture dated as of August 1, 2001, between Party B and BNY
Midwest Trust Company, as indenture trustee (the "Indenture") as supplemented by
the Series 2001-A Indenture Supplement, dated as of August 21, 2001 (the
"Indenture Supplement" and together with the Indenture, the "Indenture").

1. This Confirmation supplements, forms part of, and is subject to, the ISDA
Master Agreement (including the Schedule thereto) dated as of August 21, 2001,
as amended and supplemented from time to time (the "Agreement"), between the
parties. All provisions contained in the Agreement govern this Confirmation
except as expressly modified below.

      In this Confirmation "Party A" means Morgan Guaranty Trust Company of New
York and "Party B" means World Financial Network Credit Card Master Note Trust.

2. The terms of the particular Transaction to which this Confirmation relates
are as follows:

         Notional Amount:          Initially, USD 121,500,000 and thereafter an
                                   amount equal for each Calculation Period to
                                   the Class C Note Principal Balance (as
                                   defined in the Indenture Supplement) at the
                                   end of the first day of that Calculation
                                   Period.

         Trade Date:               August 2, 2001

         Effective Date:           August 21, 2001

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         Termination Date:         The earlier of (i) June 16, 2008, subject to
                                   adjustment in accordance with the Following
                                   Business Day Convention, and (ii) the date on
                                   which the Class C Note Principal Balance (as
                                   defined in the Indenture Supplement) is
                                   reduced to zero, subject to early termination
                                   in accordance with the terms of the
                                   Agreement. In accordance with the Indenture
                                   Supplement, the Class C Expected Principal
                                   Distribution Date is September 15, 2004,
                                   subject to the Following Business Day
                                   Convention.

      FIXED AMOUNTS:

      Fixed Rate Payer:            Party B

      Fixed Rate Payer Payment     The 15th of each month commencing October 15,
      Dates:                       2001 and ending on the Termination Date,
                                   subject to adjustment in accordance with the
                                   Following Business Day Convention

      Fixed Rate:                  4.92% per annum

      Fixed Rate Day Count         Actual/360
      Fraction:

      FLOATING AMOUNTS:

      Floating Rate Payer:         Party A

      Floating Rate Payer          The 15th of each month commencing October 15,
      Payment Dates:               2001 and ending on the Termination Date,
                                   subject to adjustment in accordance with the
                                   Following Business Day Convention.

      Floating Rate for initial
      Calculation Period:          3.575%

      Floating Rate Option:        USD-LIBOR-BBA

      Designated Maturity:         1 Month, including initial Calculation
                                   Period.

      Spread:                      None

      Floating Rate Day Count      Actual/360
      Fraction:

      Reset Dates:                 First day of each Calculation Period

      Business Days:               New York, Columbus, Ohio, and Chicago,
                                   Illinois

      Calculation Agent:           Party A

                           WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST
                                                      SERIES 2001-A CONFIRMATION
                                                         REFERENCE NUMBER 500342

                                  Page 2 of 5
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3. ADDITIONAL AMOUNTS UPON PARTIAL TERMINATION

      On any Payment Date prior to the Class C Expected Principal Distribution
Date (as defined in the Indenture Supplement), where as a result of principal
payments on the Class C Notes (as defined in the Indenture Supplement), the
Notional Amount would be reduced by the corresponding reduction in the Class C
Note Principal Balance (as defined in the Indenture Supplement), the parties
hereto shall treat the portion of such reduction (without duplication) as
terminated on such Payment Date (a "Terminated Transaction"). Party A shall
calculate the Market Quotation for the Terminated Transaction as set forth
below.

      "Market Quotation" means, with respect to a Terminated Transaction, an
amount determined on the basis of quotations from Reference Market-makers. Each
quotation will be for an amount, if any, that would be paid to Party A
(expressed as a negative number) or by Party A (expressed as a positive number)
in consideration of an agreement between Party A and the quoting Reference
Market-maker to enter into such Terminated Transaction (with the same fixed and
floating payment rates and remaining term as this Transaction) on the relevant
Payment Date. Party A will request each Reference Market-maker to provide its
quotation to the extent reasonably practicable as of the same day and time
(without regard to different time zones) on or as soon as reasonably practicable
prior to the relevant Payment Date. The day and time as of which those
quotations are to be obtained will be selected in good faith by Party A. If more
than three quotations are provided, the Market Quotation will be the arithmetic
mean of the quotations, without regard to the quotations having the highest and
lowest values. If exactly three such quotations are provided, the Market
Quotation will be the quotation remaining after disregarding the highest and
lowest quotations. For this purpose, if more than one quotation has the same
highest value or lowest value, then one of such quotations shall be disregarded.
If fewer than three quotations are provided, Party A will determine the Market
Quotation in good faith. Notwithstanding the foregoing, Party A shall be the
sole Reference Market-maker unless: (a) the reduction in the Notional Amount of
the Transaction is equal to or greater than $50 million on such Payment Date,
and (b) the Servicer or the Indenture Trustee requests that quotations from
Reference Market-makers other than Party A are utilized.

      If the amount so determined by Party A in respect of a Terminated
Transaction is positive, Party B shall owe such amount to Party A, which shall
be payable (with interest thereon accruing from such Payment Date and calculated
at the Fixed Rate) on the next Distribution Date to the extent provided in the
Indenture. If such amount is negative, no amounts shall be payable by Party A or
Party B in respect of the Terminated Transaction.

4. ACCOUNT DETAILS:

Account for payments to Party   Name: Morgan Guaranty Trust Company of New
A:                              York

                                City: New York

                                ABA# 021-000-238

                                Ref: World Financial Network Credit Card Master
                                Note Trust - Swaps Group

                                Acct: 67007054

Account for payments to Party   Bank of New York
B:                              ABA #021-000-018
                                Name: World Financial Network Credit Card Master
                                Note Trust

                           WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST
                                                      SERIES 2001-A CONFIRMATION
                                                         REFERENCE NUMBER 500342

                                  Page 3 of 5
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                                      Collection Account
                                Acct: 048171

5. OFFICES:

      The Office of Party A for this      270 Park Avenue, 8th Floor
      Transaction is:
                                          New York, NY 10017

      The Office of Party B for this      500 Stanton Christiana Road
      Transaction is:
                                          OPS4/ 3rd Floor

      Please confirm that the foregoing correctly sets forth the terms and
      conditions of our agreement by responding within three (3) Business Days
      by returning via telecopier an executed copy of this Confirmation to the
      attention of Document Control (fax no. 212-648-8882).

Failure to respond within such period shall not affect the validity or
enforceability of this Transaction, and shall be deemed to be an affirmation of
the terms and conditions contained herein, absent manifest error.

                           WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST
                                                      SERIES 2001-A CONFIRMATION
                                                         REFERENCE NUMBER 500342

                                  Page 4 of 5
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J.P. MORGAN SECURITIES INC., AS     ACCEPTED AND CONFIRMED AS OF THE DATE
AGENT FOR MORGAN GUARANTY TRUST     FIRST WRITTEN:
COMPANY OF NEW YORK

                                    WORLD FINANCIAL NETWORK CREDIT
                                    CARD MASTER NOTE TRUST,
                                    BY: CHASE MANHATTAN BANK USA, NATIONAL
By: /s/ Sheri McCall                ASSOCIATION, NOT  IN ITS INDIVIDUAL
    ----------------------------    CAPACITY, BUT SOLELY AS OWNER TRUSTEE
Name: Sheri McCall
Title: Assistant Vice President

By: ____________________________    By: /s/ Denis Kelly
Name:                                   ----------------------------------
                                    Name and Title: Denis Kelly
Title:                                              Assistant Vice President

                           WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST
                                                      SERIES 2001-A CONFIRMATION
                                                         REFERENCE NUMBER 500342

                                  Page 5 of 5<Page>

                                                                    Exhibit 10.1

                              EMPLOYMENT AGREEMENT

                  EMPLOYMENT AGREEMENT, dated January 30, 2001, between Pro
Elite, Inc., a New Jersey corporation (the "Company"), and Robert Polsky, a
resident of _________________________________________, New Jersey ("Employee").

                                WITNESSETH THAT:

         In consideration of the mutual covenants contained below, the parties
hereto agree as follows:

         1. EMPLOYMENT TERM. The Company hereby agrees to employ Employee, and
Employee hereby agrees to serve the Company, as hereinafter set forth, for a
period of five(5) years from the date hereof (such period being herein referred
to as the "Term"). Thereafter, this Agreement shall automatically be renewed,
unless either party gives the other sixty (60) days written notice prior to the
end of the applicable term, of its intent not to renew this Agreement.

         2. DUTIES AND OBLIGATIONS. Employee shall serve the Company during the
Term as Chairman of the Board and Chief Executive Officer of the Company and
shall have such duties and obligations as are set forth in the By-Laws of the
Company and as are customarily performed by persons employed in such capacity.
The precise services of Employee may be revised by the Company from time;
provided, however, that any such revision of the precise services of Employee
must be consistent with the provisions of the immediately preceding sentence.
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         3. COMPENSATION. 3.1 In consideration of the services rendered by
Employee to the Company under this Agreement, and subject to the provisions of
Sections 5 and 6, the Company shall during the Term pay Employee an annual
salary in those amounts determined under Sections 3.1.1 and 3.1.2 hereof,
payable every two weeks in twenty-six (26) equal installments.

         3.1.1 For services rendered during the first year of the Term, Employee
shall receive a salary in an amount equal to Sixty Thousand Dollars ($60,000.00)
per annum.

         3.1.2 For services rendered during the balance of the Term, the Board
of Directors of the Company, may periodically increase, in their discretion,
Employee's salary. Employee shall receive a salary in an amount fixed by the
Board of Directors of the Company during the later part of the first year of the
Term for the second year of the Term and in an amount fixed by the Board of
Directors of the Company during the later part of the second year of the Term
for the third year of the Term, taking into account, among other things, the net
sales and net profits of the Company for the year immediately preceding the year
with respect to which his salary is being fixed and the performance by Employee
of his duties under this Agreement; provided, however, subject to the provisions
of Sections 5 and 6, the Board may not fix Employee's salary for any year in an
amount less than the salary the Company paid to him the immediately preceding
year.

         3.2 Employee may receive on the last day of each calendar year

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during the Term at the discretion of the board of directors a bonus
of up to $30,000.

         3.3 Salary payments, shall be subject to withholding and other
applicable taxes.

         4. BENEFITS. During the Term, in addition to receiving the payments
described in Section 3 hereof, Employee, to the same extent as any other
eligible employee of the Company, shall have the right to participate in any and
all group life, hospital, medical, dental and disability insurance plans and in
any retirement, pension or death benefit plans, now or hereafter maintained by
the Company and generally offered by the Company to its executive employees.
Nothing in this Section 4 shall impose upon the Company any obligation to
install or maintain any Company Benefit Plans.

         5. DISABILITY. In the event that, at any time during the Term, Employee
shall suffer a disability, Employee shall continue to receive, under applicable
Company Benefit Plans (if any), benefits generally offered to disabled employees
to the same extent as any other eligible employee of the Company. Employee shall
receive any disability payment from any insurance policies paid for by the
Company. For the purposes of this Agreement, "disability" shall mean illness,
disability or other incapacity rendering Employee incapable of performing his
duties and obligations under this Agreement.

         6. DEATH. If Employee shall die at any time during the Term, the Term
and the obligations of the Company under this

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Agreement shall thereupon terminate.

         7. VACATION. Employee shall be entitled to regular paid vacations in
accordance with established Company policy in effect from time to time, but in
any event not less than (4) four weeks in any calendar year.

         8. EXPENSES. In addition to the payments described in Section 3 hereof,
the Company shall reimburse Employee for the reasonable expenses incurred by
Employee during the Term in promoting the Company's business, including expenses
for entertainment, travel and similar items, after presentation by Employee of
an itemized account of such expenditures.

         9. COVENANT NOT TO COMPETE.

         9.1 Employee hereby agrees that, during the Term of this Agreement (as
such Term may be extended), he will devote his full business time and efforts
exclusively to the business and affairs of the Company and do the utmost to
promote its interests. Employee further agrees that, during this Agreement (as
such Term may be extended), he shall not engage in any business or enterprise or
be concerned with any other commercial duties or pursuits whatsoever, except as
the Company, in its best interest, shall agree.

         9.2 Employee hereby agrees that, during a period of one year after the
termination or expiration of the Term of this Agreement (as such Term may be
extended), he will not solicit, or cause the

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soliciting of, the services or the employment of any employee of the Company or
employ, or cause the employment of, any such employee.

         10. NON-DISCLOSURE. Without authorization by the Board of Directors of
the Company, Employee will not, at any time, publish or disclose any
confidential information or trade secrets relating to the business of the
Company known by Employee on the date hereof or as a consequence of or through
his employment under this Agreement. All business records, papers and documents
kept or made by Employee and relating to the business of the Company or its
parent or any of its subsidiaries or affiliates shall be and remain the property
of the Company and shall be surrendered to the Company upon the termination or
expiration of this Agreement. Upon termination or expiration of this Agreement,
Employee shall not take with him, publish, or disclose, without authorization by
the Board of Directors of the Company, any business record, paper or document or
any correspondence, cost data, customer list, estimate or market survey
containing information or trade secrets relating to the Company.

         11. NOTICES.

         11.1 All notices and consents required or desired to be given pursuant
hereto shall be in writing and shall be deemed properly given (a) if delivered
to the addressee, in person, at the following address, or (b) if mailed, by
registered or certified mail, return receipt requested, to the following
address:

         To the Company:                    Pro Elite, Inc.

                                        5
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                                            100 Dorigo Lane
                                            Secaucus, New Jersey 07094
                                            New Jersey, NJ

                                            Attention:  President

         To the Employee:                   Robert Polsky
                                            c/o the Company
                                            100 Dorigo Lane
                                            Secaucus, New Jersey 07094
                                            New Jersey, NJ

         11.2 Any address specified above may be changed by notice given, as
herein provided, by the party hereto whose address is being changed to the other
party hereto.

         11.3 If any such notice or consent is delivered in person, the date of
delivery shall be deemed the date of delivery of such notice or consent; and if
any notice or consent is mailed, the date of mailing shall be deemed the date of
such notice or consent.

         12. AMENDMENT; BREACH AND WAIVER. This Agreement may not be amended or
modified in any manner, except by an instrument in writing signed by both
parties hereto and approved by the Board of Directors of the Company. The
failure of either party hereto to enforce at any time any of the provisions of
this Agreement shall in no way be construed to be a waiver of any such provision
or any other provision, or of the right of such party thereafter to enforce each
and every such provision or other provision in the event of a subsequent breach.

         13. AGREEMENT BINDING UPON SUCCESSORS. This Agreement shall inure to
the benefit of, and shall be binding upon, the Company, its successors and
assigns, and upon Employee, his heirs, executors,

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administrators, and legal representatives, provided that the obligations of
Employee hereunder may not be delegated.

         14. CONSTRUCTION. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York.

         15. ARBITRATION. Any controversy or claim arising out of or relating to
this Agreement, or the breach thereof, shall be settled by arbitration in the
State, City and County of New York in accordance with the Commercial Arbitration
Rules of the American Arbitration Association, and judgment upon the award
rendered by the arbitrators may be entered in any court having jurisdiction
thereof.

         Employee and the Company each hereby consents to the jurisdiction of
(a) the American Arbitration Association in New York City for the purpose of
adjudicating any claim or controversy arising out of or relating to this
Agreement or a breach thereof, and (b) to the federal and state courts within
the State New York for the purposes of confirming the arbitrators' award and
entering a judgment thereon.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

                                       --------------------------------
                                       Robert Polsky

                                       Pro Elite, Inc.

                                       By:
                                            --------------------------------
                                            Michael Polsky, as
                                            President

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