EXHIBIT 10.aa

                           SIXTEENTH AMENDMENT TO THE
               HUFFY CORPORATION SUPPLEMENTAL/EXCESS BENEFIT PLAN

         WHEREAS, Huffy Corporation (the "Sponsor") maintains the Huffy
Corporation Supplemental/Excess Benefit Plan (the "Plan") effective June 1,
1988; and

         WHEREAS, the Sponsor desires to amend the Plan;

         NOW, THEREFORE, the Sponsor adopts the following amendment to the Plan
effective as of January 1, 2004:

I.       Section 5.3 shall be added to the Plan to read as follows:

                           5.3      Limitation on Payments. Notwithstanding
                  anything to the contrary set forth in the Plan, in the event
                  that, at the time a Participant's Vested Benefit hereunder
                  becomes payable, the Board of Directors of the Sponsor (the
                  "Board") determines that the Sponsor has not accumulated with
                  respect to such Participant assets equal to the entire amount
                  of such Participant's Supplemental/Excess Benefit which is
                  then payable, then the Sponsor shall pay to the Participant
                  the largest amount of such currently payable
                  Supplemental/Excess Benefit which the Board in its discretion
                  determines may be paid from the assets which the Sponsor has
                  accumulated for that purpose. The remaining portion of the
                  Participant's Supplemental/Excess Benefit which has become
                  payable shall be paid over the succeeding 24 months. Payment
                  of such remaining portion (and accrued interest, as described
                  below) shall be made, as determined by the Board in its
                  discretion, in monthly installments, quarterly installments, a
                  lump sum, or a combination of such methods. Interest shall
                  accrue on any unpaid portion of the Participant's
                  Supplemental/Excess Benefit at a rate equal to the rate
                  currently payable on 10 year debt instruments issued by the
                  United States Treasury as of the date on which the
                  Participant's Supplemental/Excess Benefit originally becomes
                  payable.

II.      In all other respects, the Plan shall remain unchanged.

         IN WITNESS WHEREOF, the Sponsor has caused this instrument to be
executed as of the 10th day of February, 2004.

                                                 HUFFY CORPORATION

                                                 By: /s/ Nancy A. Michaud
                                                     ---------------------------

                                                 Title:   Secretary