EXHIBIT 10.76

                               CONSENT AND WAIVER


                                 March 27, 2002


VIA FACSIMILE (512) 329-0480 AND US MAIL

Mr. Michael B. Perrine
Travis Boating Center
5000 Plaza on the Lake, Suite. 250
Austin, Texas  78746

         Re:      Equity Transaction with Tracker Marine Corporation

Dear Mike:

         I have been  retained  by  Hibernia  National  Bank to  respond to your
February 18, 2002,  correspondence to Justin DeKeyzer of Hibernia  regarding the
proposed referenced  transaction wherein Tracker would obtain  approximately 40%
of  the  issued   outstanding   common   stock  of  Travis  Boats  (the  "Equity
Transaction").  In  anticipation  of your  entering  into  and  performing  your
obligations pursuant to the terms of the Equity Transaction,  you have requested
that Hibernia consent to the Equity Transaction and waive the default created by
this significant transfer of the ownership of Travis.

         Based  upon  the   representations   contained  in  the  February  18th
correspondence  to Justin,  Hibernia does hereby (i) waive the Event of Default,
and its effect on the entire  household of loans which  Hibernia has extended to
Travis,  that would otherwise occur as a result of the Equity  Transaction;  and
(ii) consent to Travis Boats entering into the Equity Transaction, and prepaying
in full on  approximately  June 10, 2002 all outstanding  principal plus accrued
interest  on  Travis  Boats'  Convertible   Subordinated  Promissory  Note  with
Brunswick Corporation, a Delaware corporation,  dated December 14, 2001. As this
waiver  is  based  upon  the   specific   representations   contained   in  that
correspondence, should the details of the transaction change in any material way
prior to its conclusion, Hibernia reserves the right to withdraw this waiver and
reevaluate the situation.

         This waiver shall not act to limit the rights of Hibernia  under any of
the various  loan  documents  with Travis  with  respect to any other  Events of
Default that may now exist, or that may occur in the future.

                                  Respectfully,

                                  Kizer, Hood & Morgan, L.L.P.


                                      J. Donald Morgan
JDM/tca
cc:  Hibernia National Bank
         Justin DeKeyzer
         Tommy Chiasson