Exhibit 10(u)

                                                       [CONFORMED COPY]






                  AMENDMENT NO. 2 TO CREDIT AGREEMENT





            AMENDMENT dated as of June 18, 1993 among BLOUNT,
  INC. (the "Borrower"), the BANKS listed on the signature
  pages hereof (the "Banks") and MORGAN GUARANTY TRUST COMPANY
  OF NEW YORK, as Agent (the "Agent").


                         W I T N E S S E T H :



            WHEREAS, certain parties hereto have heretofore
  entered into a Credit Agreement dated as of December 23,
  1992 (as heretofore amended, the "Agreement"); and

            WHEREAS, the parties hereto desire to amend the
  Agreement to increase the aggregate amount of the
  Commitments of the Banks from $50,000,000 to $60,000,000, to
  add the New Bank as a party to the Agreement as amended
  hereby and to provide for changes in the respective
  Commitments of the Banks;

            NOW, THEREFORE, the parties hereto agree as
  follows:

            SECTION 1.  Definitions; References.  Unless
  otherwise specifically defined herein, each term used herein
  which is defined in the Agreement shall have the meaning
  assigned to such term in the Agreement.  Each reference to
  "hereof", "hereunder", "herein" and "hereby" and each other
  similar reference and each reference to "this Agreement" and
  each other similar reference contained in the Agreement
  shall from and after the date hereof refer to the Agreement
  as amended hereby, and all references to "Note" or "Notes"
  shall include the New Note.

            SECTION 2. New Bank; Changes in Commitments.  With
  effect from and including the date this Amendment becomes
  effective in accordance with Section 4 hereof, (i) ABN-AMRO
  Bank, N.V. (the "New Bank") shall become a Bank party to the
  Agreement, (ii) the aggregate amount of the Commitments of
  the Banks shall be increased from $50,000,000 to
  $60,000,000, and (iii) the Commitment of each Bank shall be
                                   Page 71

  the amount set forth opposite the name of such Bank on the
  signature pages hereof, as such amount may be reduced from
  time to time pursuant to Section 2.07 of the Agreement.

            SECTION 3.  Governing Law.  This Amendment shall
  be governed by and construed in accordance with the laws of
  the State of New York.

            SECTION 4.  Counterparts; Conditions to
  Effectiveness.  This Amendment may be signed in any number
  of counterparts, each of which shall be an original, with
  the same effect as if the signatures thereto and hereto were
  upon the same instrument.  This Amendment shall become
  effective when the Agent shall have received:

            (a)  duly executed counterparts hereof signed
         by the Borrower and each of the Banks (or, in the
         case of any party as to which an executed
         counterpart shall not have been received, the
         Agent shall have received telegraphic, telex,
         telecopy or other written confirmation from such
         party of execution of a counterpart hereof by such
         party);

            (b) a duly executed Note for the New Bank
         (the "New Note"), dated on or before the date of
         effectiveness hereof and otherwise in compliance
         with Section 2.03 of the Agreement;

            (c) an opinion of counsel for the Borrower,
         addressed to the Banks and the Agent, in form
         satisfactory to the Agent, as to the corporate
         authorization for and the validity of this
         Amendment and the Agreement as amended hereby, and
         such other mattters as the Agent may reasonably
         request; and

            (d) all documents that the Agent may
         reasonably request relating to the existence of
         the Borrower, the corporate authority for and
         validity of this Amendment and the New Note, and
         any other matters relevant hereto, all in form and
         substance satisfactory to the Agent.


                                   Page 72


            IN WITNESS WHEREOF, the parties hereto have caused
  this Agreement to be duly executed by their respective
  authorized officers as of the day and year first above
  written.


                             BLOUNT, INC.



                             By /s/ Ronald K. Gorland
                             Title: Treasurer
  Commitments

  $12,000,000                MORGAN GUARANTY TRUST COMPANY
                               OF NEW YORK



                             By /s/ Steven A. Tulip
                             Title: Vice President


  $12,000,000                CONTINENTAL BANK N.A.



                             By /s/ Timothy J. Pepowski
                             Title: Vice President


  $12,000,000                NATIONSBANK OF GEORGIA, N.A.



                             By /s/ John Stakel
                             Title: Vice President


  $12,000,000                SOUTHTRUST BANK OF ALABAMA, N.A.



                             By /s/ J. Neel Elliott
                             Title: Vice President




                                   Page 73

Commitments

  $12,000,000                ABN-AMRO BANK, N.V.



                             By /s/ Thomas Dawe
                             Title: Vice President


                             By /s/ W. Patrick Fischer
                             Title: Senior Vice President

- - ----------------

  Total Commitments

  $60,000,000

                             MORGAN GUARANTY TRUST COMPANY
                               OF NEW YORK, as Agent



                             By /s/ Steven A. Tulip
                             Title: Vice President

                                   Page 74