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                                                                 Exhibit (10)(z)
                                THIRD AMENDMENT
                                       TO
                               HUFFY CORPORATION
                        SUPPLEMENTAL/EXCESS BENEFIT PLAN


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

WHEREAS, the Sponsor desires to amend the Plan;

NOW, THEREFORE, the Sponsor adopts the following amendments to the Plan
effective March 1, 1990:

1.  Section 1.3 is amended in its entirety to read as follows:

    1.3 "Compensation Limitation" means the dollar limitation on compensation
    (adjusted to reflect increases in the cost of living announced by the
    Internal Revenue Service) imposed under Code Section 401(a)(17).

2.  Section 1.7 is amended in its entirety to read as follows:

    1.7 "Participant" means (a) an employee of any of the entities listed in
    Exhibit A to the Plan who, on or after March 1, 1990, serves (or served) in
    one of the positions designated in Exhibit A to the Plan, or (b) an
    individual otherwise designated on Exhibit A to the Plan as such Exhibit
    was in effect on February 28, 1990.

3.  Section 1.10 is amended in its entirety to read as follows:

    1.10 "Retirement Plan" means the Huffy Salaried Employees' Retirement Plan,
    the Huffy Service First, Inc. Retirement Plan, the True Temper Hardware
    Company Salaried Employees' Retirement Plan, and The W.I.S. Retirement
    Plan.

4.  Article I is amended by adding the following sentence at the end of the
    existing text:

    Capitalized terms that are not otherwise defined in this Article I or other
    provisions of this Plan but which are defined in the Retirement Plan shall
    have the meanings ascribed to those terms in the Retirement Plan.

5.  Article III is amended in its entirety to read as follows:
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                                  ARTICLE III
                                  -----------

                     AMOUNT OF SUPPLEMENTAL/EXCESS BENEFIT
                     -------------------------------------

A Participant's Supplemental/Excess Benefit will equal (i) $2,500 per year,
plus the Accrued Retirement Pension he would have earned under the Retirement
Plan but for the Amended Benefit Formula, Compensation Limitation and ERISA
Limitation; reduced (but not below 0) by (ii) the Accrued Retirement Pension he
has earned under the Retirement Plan.  The accrued Retirement Pension
attributable to any period of time during which a Participant failed to accrue
benefits under the Retirement Plan because the Participant's employing unit did
not sponsor or participate in the Retirement Plan will be calculated in
accordance with Exhibit B; the reduction described in clause "(ii)" of the
preceding sentence will apply only to the extent a Participant has actually
participated in the Retirement Plan.

For purposes of determining benefits under this Article III, a Participant's
Accrued Retirement Pension and Supplemental/Excess Benefit will be calculated
as if they will be paid in the normal form of benefit (as defined in the
Retirement Plan).  If a Participant's benefit under the Retirement Plan is
reduced to reflect distributions made before his Normal Retirement Date or in a
form other than the normal form of benefit, his Supplemental/Excess Benefit
also will be reduced in the same manner using the same actuarial assumptions,
tables and factors as those used in the Retirement Plan.  However, if a
Participant Severs from Service within two Years following a Change of Control
and begins to receive his Supplemental/Excess Benefit on or after attaining age
58, his Supplemental/Excess Benefit will not be reduced to reflect
distributions made before his Normal Retirement Date but will be reduced to
reflect distributions in a form other than the normal form of benefit.  Any
reductions in a Participant's actual Accrued Retirement Pension as a result of
a Qualified Domestic Relations Order will be disregarded when calculating his
Supplemental/Excess Benefit.

6.  Exhibit B is amended by adding the following at the end of the existing
    text:

    If or to the extent any of the foregoing terms is also defined in the
    Retirement Plan and the term, as defined in the Retirement Plan, differs
    from the term as described above, then the definition contained in the
    Retirement Plan shall be substituted for the definition set forth above.

7.  Exhibit A is amended in its entirety to read as follows:
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                                   Exhibit A
                                   ---------

Any individual who serves as (i) an Officer of Huffy Corporation or (ii) a
President and General Manager of a Huffy Corporation operating division or
subsidiary.

IN WITNESS WHEREOF, the Sponsor has caused this instrument to be executed this
27th day of June, 1994.


                                        HUFFY CORPORATION


                                        By  /s/ Nancy A. Michaud 
                                           ------------------------------------
                                           Nancy A. Michaud
                                           Vice President - General
                                           Counsel and Secretary