AGREEMENT

AGREEMENT dated as of September 22, 1993, by and between Nicholas
P. DiPaolo ("Employee") and Salant Corporation, a Delaware
corporation ("Salant").

WHEREAS, pursuant to the Employment Agreement, dated September
20, 1993, between Employee and Salant (the "Employment
Agreement"), the Employee is currently the Chairman of the Board
of Directors, Chief Executive Officer and President of Salant;

WHEREAS, the Board of Directors of Salant has determined that it
would be in the best interest of Salant to have an option to
extend the Basic Term (as defined in the Employment Agreement) of
the Employee (the "Option");

WHEREAS, pursuant to certain conditions contained in this
Agreement, the Employee desires to give Salant the Option.

NOW THEREFORE, in consideration of the respective premises,
mutual covenants and agreements of the parties hereto, and other
good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as
follows:

Section 1.  The Option. Subject to the terms and conditions of
this Agreement, the Employee hereby grants to Salant the option
to extend the Basic Term under the Employment Agreement for a
period of one year, commencing on January 1, 1995 and ending on
December 31, 1995 (the "Additional Year").  In consideration for
the Option, Salant hereby agrees to guarantee that it will fully
comply with all of the terms and conditions provided for in the
Employment Agreement, including without limitation, Section 4 of
the Employment Agreement.  The Employee shall receive an annual
salary at the rate of $625,000 per year for the Additional Year. 
All of the other terms and provisions of the Employment Agreement
in effect immediately prior to the commencement of the Additional
Year shall remain in effect without modification during the
Additional Year. 

Section 2.  Ability to Exercise the Option.  The Option granted
hereunder shall be exercisable and binding on the Employee only
if (i) at the time immediately prior to the commencement of the
Additional Year, Salant is in full compliance with all of the
terms and conditions provided for in the Employment Agreement,
including without limitation, Section 4 of the Employment
Agreement, and (ii) Salant has notified the Employee in writing
on or before July 1, 1994 of its intention to exercise the
Option.

Section 3.  Notice.  Any notice or other communication which is
required or permitted by this Agreement shall be in writing and
shall be deemed to have been duly given when delivered in person,
transmitted by facsimile or five (5) days after being mailed by
registered or certified mail, postage prepaid, return receipt
requested, to such party at the address shown below:

If to Salant, care of the following:      If to the Employee,     
                                          then to the following:

Salant Corporation                       Mr. Nicholas P. DiPaolo 
1114 Avenue of the Americas              8-01 Plymouth Drive
New York, New York  10036                Fair Lawn, NJ  07410
Attention: Todd Kahn, Esq.

Each party may, by notice to other party, change the above
address.

Section 4.  Entire Agreement; Amendments.  This Agreement
embodies the entire agreement and understanding between the
parties and supersedes all prior agreements and understandings as
to the Option.  No amendment, waiver, modification or discharge
of any of the terms of this Agreement shall be valid unless in
writing and signed by the party against which enforcement is
sought.

Section 5.  Successors and Assigns.  In the event that Salant
shall at any time be merged or consolidated with any other
corporation or shall sell or otherwise transfer substantially all
of its assets or business to another corporation or entity, the
provisions of this Agreement shall be binding upon and inure to
the benefit of such corporation or entity surviving or resulting
from such merger or consolidation or to which such assets or
business shall be so sold or transferred; provided, however, that
nothing contained in this Section 5 shall in any way limit, or be
construed to limit, the obligations to the Employee, under this
Agreement, of Salant or Salant's successors or assigns.  This
Agreement shall not be assignable by the Employee.

Section 6.  Waiver.  The waiver by either party of a breach of
any provision of this Agreement shall not operate or be construed
as a waiver of any subsequent breach thereof.

Section 7.  Counterparts.  This Agreement may be executed in
several counterparts, each of which shall be deemed to be an
original.

     Section 8.  Governing Law.  This Agreement shall be governed
by, and construed in accordance with, the laws of the State of
New York.  For purposes of any action or proceeding involving
this Agreement, Salant and the Employee  hereby submit to the 
jurisdiction of all federal and state courts of competent
jurisdiction sitting within the area comprising the Southern
District of New York.

IN WITNESS WHEREOF, the parties have executed this Agreement as
of the date first set forth above.

                  SALANT CORPORATION

                  By: \s\ John. S. Rodgers
                     John S. Rodgers, Esq.
                  Executive Vice President,
                  Senior Counsel and Secretary


                     \s\ Nicholas P. DiPaolo
                     Nicholas P. DiPaolo