Exhibit 10.5A

                         AMENDMENT TO STANLEY K. TANGER
                      JANUARY 1, 1998 EMPLOYMENT AGREEMENT


     THIS  AMENDMENT TO EMPLOYMENT  AGREEMENT is entered into and made effective
as of January 1, 2001 by and among Tanger Properties Limited Partnership a North
Carolina limited partnership (the "Partnership"), Tanger Factory Outlet Centers,
Inc. (the  "Company"),  a North Carolina  corporation and Stanley K. Tanger (the
"Executive").
                                    RECITALS:

A.   The Executive is the Chief Executive Officer of the Partnership, an officer
     of the Company and Chairman of the Board of Directors of the Company  under
     the terms of an  Amended  and  Restated  Employment  Agreement  dated as of
     January 1, 1998 between the Executive, the Partnership and the Company (the
     "Existing Employment Contract").

B.   The Company,  the Partnership and the Executive  intend to modify and amend
     the Existing Employment Contract as provided herein.



     NOW,  THEREFORE,  in  consideration  of the foregoing and of the respective
covenants  and  agreements  set forth  below the parties  hereto  agree that the
Existing Employment Contract shall be modified and amended as follows:

1.   The  definitions of "Funds from  Operations" or "FFO" in Paragraph 1(h) and
     "Target FFO Per Share" or "Target" in Paragraph 1(k) are amended to read as
     follows:

     "(h) "Funds From Operations" or "FFO" with respect to a Contract Year shall
     mean the Company's consolidated Funds From Operations (calculated for these
     purposes as provided  below)  before the  minority  interest of the limited
     partners of the Partnership and after deduction of any Annual Bonus paid to
     the  Executive  pursuant to this  Agreement  or to Steven B.  Tanger  under
     similar  provisions of his employment  agreement for such Contract Year and
     deducted in the calculation of net income.  Provided however,  for purposes
     of this  Agreement,  funds from  operations  (i) for the Contract  Year for
     which the Annual Bonus is being  determined and (ii) for each Contract Year
     used to determine  the "Target" for the Contract  Year for which the Annual
     Bonus  is  being   determined   shall  be  calculated  using  the  National
     Association of Real Estate Investment Trusts (NAREIT)  definition of "funds
     from operations" in effect for the Contract Year for which the Annual Bonus
     is  being  calculated  including  the  application  of  generally  accepted
     accounting  principles  (GAAP)  used in the  preparation  of the  Company's
     financial   statements  for  that  Contract  Year.  For  example,   in  the
     calculation  of the Annual Bonus for the Contract Year ending  December 31,
     2001, FFO for 2001 shall be determined  using the NAREIT  definition of FFO
     for 2001 and, in the  calculation of the "Target" FFO for 2001, the FFO for
     each of Contract Years 1995 through 2000 shall also be calculated using the
     NAREIT  definition for 2001 (even though that 2001 NAREIT definition of FFO
     may differ from the FFO definition  actually used by the Company for any of
     years 1995 through 2000)."

     "(k) The "Target FFO Per Share" or "Target" for any Contract  Year shall be
     the  average  FFO Per  Share  for the  previous  five  (5)  Contract  Years
     determined  for each such  Contract  Year  using the NAREIT  definition  of
     "funds  from  operations"  in effect  for the  Contract  Year for which the
     Annual  Bonus is being  determined  as  provided in  paragraph  1(h) above;
     provided however the Target FFO Per Share shall not be less than $1.5520."

2.   In first  paragraph  of  Section  7(d),  $100,000.00  shall be  changed  to
     $125,000.00  and the  parenthetical  phrase  "(which shall not exceed 1.0)"
     shall be deleted.

     IN WITNESS WHEREOF,  the parties have executed this Amendment to Employment
of Stanley K. Tanger effective as of January 1, 2001 in duplicate originals.

                                TANGER PROPERTIES LIMITED PARTNERSHIP,
                                a North Carolina Limited Partnership,(Company)

                                By: Tanger GP Trust, its sole General Partner

                                By: ___________________________________
                                    ROCHELLE G. SIMPSON, Vice President


                                    ________________________________ (SEAL)
                                    STANLEY K. TANGER, Executive