TEARDROP GOLF CO
REAFFIRMATION OF GUARANTEE
<DOCUMENT>
<TYPE>EX-10.46
<SEQUENCE>3
<FILENAME>0003.txt
<DESCRIPTION>REAFFIRMATION OF GUARANTEE
<TEXT>


                           REAFFIRMATION OF GUARANTEE

                                 August 11, 2000


Congress Financial Corporation (Central)
150 South Wacker Drive, Suite 2200
Chicago, Illinois  60606

      Re: Guarantee

      Please refer to (1) the Loan and Security Agreement, dated as of January
20, 2000 (as amended, supplemented, restated or otherwise modified from time to
time, the "Loan Agreement"; capitalized terms used and not otherwise defined
herein shall have the meanings assigned to them in the Loan Agreement), among
Congress Financial Corporation (Central) (the "Lender"), and TearDrop Golf
Company (the "Borrower") and (2) the Guarantee dated January 20, 2000 (the
"Guarantee"), by the undersigned in favor of Lender. Pursuant to that certain
Amendment No. 1 to Loan and Security Agreement dated as of the date hereof among
Lender and Borrower (the "Amendment"), Lender has agreed to make certain
amendments to the Loan Agreement in accordance with the terms thereof.

      The undersigned hereby (i) acknowledges receipt of the Amendment, (ii)
acknowledges and reaffirms all of its obligations and undertakings under the
Guarantee and (iii) acknowledges and agrees that subsequent to, and taking into
account all of the terms and conditions of the Amendment, the Guarantee is and
shall remain in full force and effect in accordance with the terms thereof.


                                           TOMMY ARMOUR GOLF COMPANY


                                           By:
                                              ---------------------------------

</TEXT>
</DOCUMENT>
