Jennifer Loomis & Associates 10-Q 2000 Q3 Quarterly report

                               RELEASE OF SUBSIDIARY GUARANTEE


Wilmington Trust Company, as trustee (the "Trustee") under the Indenture (the "Indenture"),
dated November 6, 1996, among the Outsourcing Solutions Inc., the subsidiary guarantors
named therein and the Trustee, hereby acknowledges and agrees that in accordance with
Section 11.04 of the Indenture, effective September 30, 2000, OSI Education Services, Inc.
is released and relieved of its Obligations under its Subsidiary Guarantee and any Liens in
favor of the Trustee in the assets of OSI Education Services, Inc. are released.
Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms
in the Indenture.

                                    WILMINGTON TRUST COMPANY,
                                    not in its individual capacity, but solely
                                    as trustee


                                    By:       /s/  Bruce L. Bisson     

                                    Title:         Vice President