Exhibit 10.15



                 PHILLIPS-VAN HEUSEN CORPORATION
                 SENIOR MANAGEMENT BONUS PROGRAM


     For fiscal year 1997, Phillips-Van Heusen Corporation (the
"Company") implemented a senior management bonus program under
which 17 eligible senior management executives may receive a
bonus based on (a) for members of the Company's Operating
Committee and Corporate/Logistics Group, earnings targets for the
Company as a whole and (b) for division presidents, earnings
targets for their respective divisions.

     Participants for the fiscal year were selected by the
Company during the first quarter of its fiscal year.  In order to
remain eligible to receive a bonus, a participant must be
employed by the Company on the last day of the vesting period described below.
In the event of the death of a participant during the fiscal year,
his or her estate will receive the bonus, if any, payable to the
participant for the fiscal year, pro rated to reflect the portion
of the year worked by the participant.

     Threshold, budget, and maximum earnings targets were set by
the Company during the first quarter of its fiscal year, and
bonus payments will be calculated in relation to the extent to
which earnings fall within the target range.  The amount of the
bonus payment will be a varying percentage of a participant's
base salary.

     The amount of a participant's bonus payment, if any, for the
fiscal year will be determined by the end of the first quarter of
the succeeding fiscal year.  Payment of such bonus will be subject to a 
one year vesting period, ending the last day of the succeeding fiscal year.
Interest will accrue on any unpaid bonus amounts beginning with the first 
day of the second quarter of the succeeding fiscal year.