FIRST AMENDMENT TO COASTCAST CORPORATION

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

          WHEREAS, Coastcast Corporation, a California corporation (the
"Company") has adopted the Coastcast Corporation Supplemental Executive
Retirement Plan (the "Plan"), effective September 1, 1996; and

          WHEREAS, Hans H. Buehler is the Chief Executive Officer and Chairman
of the Board of Directors of the Company and has served the Company faithfully
for sixteen (16) years; and

          WHEREAS, the Company desires to credit Mr. Buehler immediately with
ten (10) Years of Participation for purposes of the vesting of benefits provided
by the Plan;

          NOW, THEREFORE, for purposes of calculating the Target Retirement
Benefits under paragraph 3.1 of the Plan and for all other purposes under the
Plan, Hans H. Buehler shall be credited with ten (10) Years of Participation as
such term is defined in paragraph 1.16 of the Plan.

                                                  COASTCAST CORPORATION



                                                  By  /s/ Richard W. Mora
                                                      ----------------------
                                                  Its President & COO
                                                      ----------------------



                                  EXHIBIT 10.2


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