Exhibit 10.28
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                             Escalade, Incorporated
                        Schedule of Director Compensation

         Each director of Escalade, Incorporated currently receives an annual
cash retainer of $6,000, with the exception of the Chairman of the Board who
receives an annual cash retainer of $22,000. The Chairman of the Audit Committee
receives an additional fee of $2,000 and the Chairman of the Compensation
Committee receives an additional fee of $1,000, in consideration of the extra
services required by each of them, respectively, as the chairman of such
committees. In addition, all directors receive $3,000 for each meeting attended
and are reimbursed for their expenses in attending the meetings. Directors who
are employees of the Company receive the same retainer and fees as directors who
are not employees.

         In accordance with the Company's 1997 Director Stock Compensation and
Option Plan which was approved by the Company's shareholders, directors may
elect to defer their director compensation and receive shares of the Company's
common stock instead. Each director who elects to receive shares also is granted
stock options in an amount equal to one half of the shares issued. The exercise
price of those options is based on the closing share price on the first business
day following the Company's annual meeting of shareholders.

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