Exhibit 10.31

                              AMENDMENT NUMBER ONE

     Amendment  Number One to that certain Term Note dated January 13, 2003 (the
"Note") by and  between  IEC  Electronics  Corp.,  a Delaware  corporation  (the
"Borrower) and SunTrust Bank (the "Bank"), a Georgia banking corporation.

                              W I T N E S S E T H

WHEREAS, the Parties entered into the Note as aforesaid; and

WHEREAS, the Parties now desire to amend the Note in certain respects;

NOW, THEREFORE, it is agreed as follows:

     Payments of  Principal  and  Interest.  Number 2 of the Term Note is hereby
amended by deleting Number 2 in its entirety and inserting the following  Number
2 in lieu thereof:

     2. Payments of Principal and Interest.

     Commencing  February  10,  2003  this  note  shall be  repaid  in eight (8)
consecutive  monthly  installments  of principal in the amount of $100,000  plus
accrued interest followed by a principal payment of $275,000.02 due on September
26, 2003, then followed by twenty seven (27) consecutive monthly installments of
principal  in the amount of  $41,666.66  plus accrued  interest  with all unpaid
principal  and  accrued  interest  due and  payable  on  January  10,  2006 (the
"Maturity Date"), unless sooner accelerated in accordance with the terms hereof.
Interest shall be calculated on the outstanding  principal balance of this Note,
and shall be due and  payable in  arrears;  provided  that,  in the event of any
change in the Prime Rate occurring on or after the date when the Holder mails an
invoice for the monthly  payment amount to the Borrower,  any such change in the
interest payment shall be reflected as an adjustment in the next monthly invoice
sent to the Maker and shall not be deemed to be due and payable until that date.

     IN WITNESS WHEREOF, the parties have executed the Amendment Number One this
26th day of September 2003.



Borrower:
IEC Electronics Corp.

By:
Name:  W. Barry Gilbert, Chairman
Title: CFO


SunTrust Bank


By:
Name:
Title:

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