AMENDMENT NO. 1
                   TO LIMITED RECOURSE AGREEMENT

          This Amendment No. 1 is entered into as of June 19, 1995, 
between TRANS LEASING INTERNATIONAL, INC., a Delaware corporation 
(the "Company"), and FIRST UNION NATIONAL BANK OF NORTH CAROLINA 
("First Union").  

          The parties hereto are the parties to a Limited Recourse 
Agreement, dated as of April 18, 1995 (the "Recourse Agreement"), 
and desire to increase the maximum amount that the Company shall be 
required to pay or contribute to TL Lease Funding Corp. IV, a Delaware
corporation, thereunder from $3,000,000 to $4,000,000.  All capitalized 
terms used herein shall have the same meanings as in the Recourse Agreement.  

          NOW THEREFORE, in consideration of the foregoing premises 
and the agreements hereinafter set forth, and for the good and valuable 
consideration the receipt and sufficiency of which is hereby acknowledged, 
the parties hereto agree as follows:

          1.   Amendment.  As of the date hereof, Recital C of the Recourse 
Agreement is hereby amended by substituting the figure $4,000,000 for the 
figure $3,000,000 therein, and the proviso in the first paragraph of Section 
2 of the Recourse Agreement is hereby amended by substituting the figure 
$4,000,000 for the figure $3,000,000 therein.  

          2.   No Further Amendment.  Except as set forth above, the Recourse 
Agreement shall continue in full force and effect without modification.  

          3.   Amendment to Credit Agreement.  The Company hereby acknowledges
the execution and delivery of Amendment No. 1, dated as of June 19, 1995, to 
the Revolving Credit and Term Loan and Security Agreement, dated as of 
April 18, 1995, each between TL Lease Funding Corp. IV and First Union, and 
hereby agrees that such amendment shall not affect the obligations of
the Company under the Recourse Agreement except as provided herein.


          IN WITNESS WHEREOF, the parties have caused this Amendment to 
be executed by their respective officers thereunto duly authorized as of 
the date first written above.  

                         TRANS LEASING INTERNATIONAL, INC.

                         By:_____________________________________
                         Title:___________________________________


                         FIRST UNION NATIONAL BANK OF NORTH 
                           CAROLINA

                         By:______________________________________
                         Title:____________________________________