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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ruvzi62yTeWg/2tsjX75sq6m6ZR1p8u2OwazEPHEVGACdrly8IhTOH3XNMFDLCQ1
 O9pfBYcvP7ogiaikXgMWSw==

<SEC-DOCUMENT>0001209191-03-007233.txt : 20030611
<SEC-HEADER>0001209191-03-007233.hdr.sgml : 20030611
<ACCEPTANCE-DATETIME>20030611113900
ACCESSION NUMBER:		0001209191-03-007233
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030610
FILED AS OF DATE:		20030611

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RUNDELL C A JR
		CENTRAL INDEX KEY:			0001200436

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18927
		FILM NUMBER:		03740043

	MAIL ADDRESS:	
		STREET 1:		1806 AVE J
		STREET 2:		ADMINSTRATION BLDG RM 303
		CITY:			HUNTSVILLE
		STATE:			TX
		ZIP:			77340

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TANDY BRANDS ACCESSORIES INC
		CENTRAL INDEX KEY:			0000869487
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				752349915
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		690 E LAMAR BLVD STE 200
		CITY:			ARLINGTON
		STATE:			TX
		ZIP:			76011
		BUSINESS PHONE:		8172654113

	MAIL ADDRESS:	
		STREET 1:		690 E LAMAR BLVD
		CITY:			ARLINGTON
		STATE:			TX
		ZIP:			76011
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bod06680_bod1car.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-06-10</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000869487</issuerCik><issuerName>TANDY BRANDS ACCESSORIES INC</issuerName>        <issuerTradingSymbol>TBAC</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001200436</rptOwnerCik><rptOwnerName>RUNDELL C A JR</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock, par value $1.00 per share</value></securityTitle><transactionDate>
<value>2003-06-10</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F1" /></transactionCoding><transactionAmounts><transactionShares><value>1723</value></transactionShares><transactionValue><value>8.125</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>6653</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value><footnoteId id="F2" /></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><derivativeSecurity><securityTitle><value>Stock Option (Right to Purchase)</value></securityTitle><conversionOrExercisePrice><value>8.125</value></conversionOrExercisePrice><transactionDate><value>2003-06-10</value></transactionDate><transactionCoding><transactionFormTyp
e>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F1" /></transactionCoding><transactionAmounts><transactionShares><value>1723</value></transactionShares><transactionValue><value>8.125</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1994-06-11</value></exerciseDate><expirationDate><value>2003-06-11</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock, $1.00 par value</value></underlyingSecurityTitle><underlyingSecurityShares><value>1723</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">Exercise of Non-Qualified Stock
 Option granted pursuant to the Tandy Brands Accessories, Inc. Non-Qualified Stock Option Plan for Non-Employee Directors.</footnote><footnote id="F2">The reporting person indirectly holds 4,500 shares of common stock in a self-directed IRA.</footnote></footnotes><ownerSignature><signatureName>/s/ Mark J. Flaherty; C.A. Rundell, Jr., By Mark J. Flaherty, Attorney-in-fact</signatureName><signatureDate>2003-06-11</signatureDate></ownerSignature></ownershipDocument>

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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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