Exhibit D [Andrews Group Letterhead] July 1, 1997 By Fax: 561/585-3349 212/682-5272 By Hand c/o Toy Biz Inc. and By Certified Mail Return Receipt Requested Mr. Isaac Perlmutter Isaac Perlmutter, T.A. ZIB Inc. P.O. Box 1028 Lake Worth, Florida...

Exhibit D

                         [Xxxxxxx Group Letterhead]

                                   July 1, 1997

By Fax:  561/000-0000
         212/682-5272
By Hand c/o Toy Biz Inc. and
By Certified Mail
Return Receipt Requested

Xx. Xxxxx Xxxxxxxxxx
Xxxxx Xxxxxxxxxx, X.X.
XXX Inc.
P.O. Box 1028
Lake Worth, Florida 33460-1028

Dear Sirs:

          This is to inform you that Xxxxxxx Group Incorporated ("Xxxxxxx")
is hereby terminating the Stock Purchase Agreement, dated as December 27,
1996, as amended as of January 29, 1997, by and among Xxxxxxx, Xxxxx
Xxxxxxxxxx, Xxxxx Xxxxxxxxxx, X.X. and ZIB Inc. pursuant to Section 7.1
thereof.

                              Very truly yours,

                              XXXXXXX GROUP INCORPORATED

                              By: /s/ Xxxxx X. Xxxxxxxx

cc:  Battle Xxxxxx LLP
     Park Avenue Tower
     00 Xxxx 00xx Xxxxxx
     Xxx Xxxx, Xxx Xxxx  00000
     Attention:  Xxxxxx X. Xxxxxxx, Esq.
                  Xxxx Xxxxxxxx, Esq.