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                                                                Exhibit 1052


                                PROMISSORY NOTE


$4,554,900.00                                             New York, New York
                                                          January 17, 1996
                

         FOR VALUE RECEIVED, LEXINGTON PRECISION CORPORATION ("Debtor")
promises to pay to the order of THE CIT GROUP/EQUIPMENT FINANCING, INC.
("CIT"), at such address as CIT may designate, in lawful money of the United
States, the principal sum of FOUR MILLION FIVE HUNDRED FIFTY-FOUR THOUSAND NINE
HUNDRED and no/100 DOLLARS ($4,554,900.00) in forty-eight (48) equal
consecutive monthly installments, commencing on April 30, 1996 with the
following installments on the last day of each month thereafter until payment
in full of this Note.  Each such installment shall be a payment of principal in
the amount of $94,893.75.  Debtor shall pay interest together with each such
installment of principal, in like money, from the date hereof until payment in
full, on the unpaid principal balance hereof at an interest rate per annum
equal to three percent (3%) above the LIBOR Rate.  Each payment shall be
applied first to the payment of any unpaid interest on the principal sum and
then to payment of principal.  Interest shall be calculated on the basis of a
360-day year and actual number of days elapsed.  Any amount not paid when due
under this Note shall bear late charges thereon, calculated at the Late Charge
Rate, from the due date thereof until such amount shall be paid in full.  Any
payment received after the maturity of any installment of principal shall be
applied first to the payment of unpaid late charges, second to the payment of
any unpaid interest on said principal, and third to the payment of principal.

         This Note is one of the Notes referred to in the Loan and Security
Agreement dated as of January  , 1996, between Debtor and CIT (herein, as the
same may from time to time be amended, supplemented or otherwise modified,
called the "Agreement"), is secured as provided in the Agreement, and is
subject to prepayment only as provided therein, and the holder hereof is
entitled to the benefits thereof.

         Terms defined in the Agreement shall have the same meaning when used
in this Note, unless the context shall otherwise require.

         Except as provided in Section 6 of the Agreement, Debtor hereby waives
presentment, demand of payment, notice of dishonor, and any and all other
notices or demands in connection with the delivery, acceptance, performance,
default or enforcement of this Note and hereby consents to any extensions of
time, renewals, releases of any party to this Note, waivers or modifications
that may be granted or consented to by the holder of this Note.

         Upon the occurrence and during the continuance of any one or more of
the Events of Default specified in the Agreement, the amounts then remaining
unpaid on this Note, together with any interest accrued, may be declared to be
(or, with respect to certain Events of Default, automatically shall become)
immediately due and payable as provided therein.

         In the event that any holder shall institute any action for the
enforcement or the collection of this Note, there shall be immediately due and
payable, in addition to the unpaid balance hereof, all late charges and all
reasonable costs and expenses of such action, including reasonable attorneys'
fees.  In accordance with the provisions of the Agreement, Debtor and CIT waive
trial by jury in any litigation relating to or in connection with this Note in
which they shall be adverse parties and Debtor hereby waives the right to
interpose any setoff counterclaim or defense of any nature or description
whatsoever, but Debtor shall have the right to assert in an independent action
against CIT any such defense, offset or counterclaim (including any compulsory
counterclaim) which it may have which has not otherwise been waived pursuant to
the Agreement.





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         Debtor agrees that its liabilities hereunder are absolute and
unconditional without regard to the liability of any other party, and that no
delay on the part of the holder hereof in exercising any power or right
hereunder shall operate a waiver thereof; nor shall any single or partial
exercise of any power or right hereunder preclude other or further exercise
thereof or the exercise of any other power or right.

         If at any time this transaction would be usurious under applicable
law, then regardless of any provision contained in the Agreement, in this Note
or in any other agreement made in connection with this transaction, it is
agreed that (a) the total of all consideration which constitutes interest under
applicable law that is contracted for, charged or received upon the Agreement,
this Note or any such other agreement shall under no circumstances exceed the
maximum rate of interest authorized by applicable law and any excess shall be
credited to Debtor and (b) if CIT elects to accelerate the maturity of, or if
CIT permits Debtor to prepay the indebtedness described in, this Note, any
amounts which because of such action would constitute interest may never
include more than the maximum rate of interest authorized by applicable law and
any excess interest, if any, shall be credited to Debtor automatically as of
the date of acceleration or prepayment.

         THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK.


                                            LEXINGTON PRECISION CORPORATION

                                            By:     Warren Delano           
                                                    -------------

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





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