FOR IMMEDIATE RELEASE
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                TANDYCRAFTS, INC. SELLS PRESTIGE LEATHER COMPANY
                                                                                

Fort Worth, Texas, March 27, 1996 -- Tandycrafts, Inc. (NYSE: TAC) announced
today that in connection with its recent restructuring program, it has completed
the sale of Prestige Leather Creations ("Prestige") to Prestige's current
management team.  Terms of the sale were not disclosed.


     Tandycrafts, Inc. is a specialty retailer and manufacturer.  Included in
its specialty retail segment are Tandy Leather Company, Joshua's Christian
Stores, Cargo Furniture & Accents, and Sav-On Discount Office Supplies.  Its
specialty manufacturing segment is comprised of two manufacturing divisions;
Frames and Framed Art and Tandy Wholesale International ("TWI").





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