The second known On a Friday demo tape reportedly comes from 1988. 1987 was the year when the band went pretty much inactive until 1990, but there seems to have been some activity in 1988, as indicated by a gig at the London School of Economics. So it's possible that the band reconvened after their University courses had already begun to make these recordings.
The line-up of the band at this point included three saxophone players: Rasmus ("Raz") Peterson, Liz Cotton and Charlotte Cotton. Jonny had not yet joined the band. The recordings were made at Woodworm Studios in Oxfordshire and engineered and mixed by Dave Pegg.

The tape contains these three songs: 'Happy Song', 'To Be a Brilliant Light' and 'Sinking Ship'.

'To Be A Brilliant' from Medicinal Sounds was reworked for this tape.

This particular tape was sold at auction in 2021. Besides the three tracks listed above, it also contained three more tracks from 1989: 'Promise Me' [Thom solo], 'Body in a Box' [Colin/Thom], 'These are the Chains' [Thom solo]. The two Thom solo tracks were probably also part of his 1989 Dearest tape.