LETTERHEAD OF THE DAI-ICHI KANGYO BANK, LTD.] THE TALBOTS, INC. April 19, 1999 175 Beal Street Hingham, MA 02043 CONFIRMATION OF EXTENSION Re: Revolving Credit Agreement made as of April 14, 1998, between The Talbots, Inc. as borrower, and The...

                 [LETTERHEAD OF THE DAI-ICHI KANGYO BANK, LTD.]






THE TALBOTS, INC.                                              April 19, 1999
000 Xxxx Xxxxxx
Xxxxxxx, XX 00000


                            CONFIRMATION OF EXTENSION


         Re:      Revolving Credit Agreement made as of April 14, 1998,  between
                  The Talbots,  Inc. as borrower,  and The Dai-Ichi Kangyo Bank,
                  Limited (the "Agreement")


Dear Sirs:

We are  pleased  to confirm  with you the one year  extension  of the  Revolving
Credit  according  to Section  14(j)(i) of the  Agreement.  The new expiry dated
April 17, 2001.

                                        Very truly yours,

                                        THE DAI-ICHI KANGYO BANK, LTD.
                                        NEW YORK BRANCH



                                        By:     /s/ XXXXXXX XXXXX
                                                --------------------------------
                                                Xxxxxxx Xxxxx
                                                Vice President & Department Head