EXHIBIT 10.17

                                     WAIVER

                                             March 31, 1996

     The undersigned Holder of Dollar Tree Stores, Inc. ("Issuer") 9% Senior
Subordinated Note due April 1, 1997 ("Note"), in the original principal amount
of $6,965,000 hereby waives the Holder's right contained in Section 5 of the
Note to require the Issuer to redeem such Note on or after January 1, 1996, and
agrees that the Holder will not exercise such right until on or after April 1,
1997. This Waiver shall not affect any of the Holder's other rights and remedies
pursuant to the Note.

                                   The SK Equity Fund, L.P.

                                   By: SK Partners, L.P.
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                                       /s/ Allan Karp
                                      -----------------------
                                        Allan Karp