Thomas M. Lupinski
                                               Senior Vice President, Controller

October 28, 1996

Mr. Anthony Castellon
Vice President
Fleet Bank
157 Church Street
New Haven, CT 06510

      Re: Extension of Revolving Line of Credit

Dear Tony:

To confirm our telephone conversion of October 25, 1996, Swiss Army Brands, Inc.
hereby  requests a 3 month  extension  of the  maturity  date of its $15 million
revolving  line of credit for 3 months to January  31, 1997 under the same terms
as the existing agreement.

Please confirm Fleet's acceptance of our request by signing the enclosed copy of
this  letter  and  returning  it to me via fax and  hard  copy at your  earliest
convenience.

If you have any questions, please give me a call.


Sincerely,


Thomas Lupinski

TML/ls


ACCEPTED:

By:   Signature              Date
Name: Anthony H. Castellon
Its:  Vice President