SWANK INC
EXHIBIT 10.2
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>mtemploy2.txt
<DESCRIPTION>EXHIBIT 10.2
<TEXT>

                           SWANK, INC.
                         90 PARK AVENUE
                    NEW YORK, NEW YORK 10016

                                        June 20, 2001

Mr. Marshall Tulin
Paine Road
Hewlett, New York 11557

Dear Mr. Tulin:

      We refer to the Agreement dated as of June 20, 1991 between
Swank,   Inc.   (the  "Corporation")  and  you  concerning   your
employment  by  the Corporation, as amended by letter  agreements
dated as of January 1, 1992, September 1, 1993, October 30, 1995,
May  4, 1998 and May 30, 2001 between the Corporation and you (as
so  amended, the "Employment Agreement").  This letter will serve
to  confirm  our understanding and agreement with regard  to  the
Employment  Agreement  that during the  term  of  the  Employment
Agreement,  you  will  receive a  base  salary  at  the  rate  of
$250,000.00 per annum, payable at the times and in the manner  as
is set forth in the Employment Agreement.

      Except  as amended by this letter, the Employment Agreement
shall  remain and continue in full force and effect on and  after
the date hereof.

      This  letter  may be executed in two or more  counterparts,
each  of which shall be deemed an original and all of which taken
together shall constitute one and the same agreement.

     This letter shall be governed by, and construed and enforced
in  accordance  with, the laws of the State of New York,  without
regard  to  principles of conflicts or choice of law (other  than
Section 5-1401 of the New York General Obligations Law).

     If  the foregoing correctly sets forth our understanding and
agreement,  please countersign this letter in the space  provided
below.

                              Very truly yours,

                              SWANK, INC.


                              By: /s/ John Tulin
                                  John Tulin, President

ACCEPTED AND AGREED:

/s/ Marshall Tulin

</TEXT>
</DOCUMENT>
