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                                                                   EXHIBIT 10(N)


                             THIRTEENTH AMENDMENT TO
                        FINANCING AND SECURITY AGREEMENT


THIS THIRTEENTH AMENDMENT TO FINANCING AND SECURITY AGREEMENT, dated as of
January 4, 2001, is by and among FIRST UNION COMMERCIAL CORPORATION ("Lender"),
ELLETT BROTHERS, INC. ("Ellett"), LEISURE SPORTS MARKETING, INC. ("Leisure"),
EVANS SPORTS, INC., ("Evans"), SAFESPORT MANUFACTURING COMPANY ("Safesport"),
VINTAGE EDITIONS, INC. ("Vintage") and ARCHERY CENTER INTERNATIONAL, INC.
("Archery") (hereinafter Ellett, Leisure, Evans, Safesport and Vintage may be
referred to collectively as the "Borrower").

                                     RECITAL

         A.       The Lender and the Borrower have entered into that certain
Financing and Security Agreement, dated June 10, 1994, as amended (the
"Financing Agreement").

         B.       The Borrower and the Lender have agreed to amend the Financing
Agreement as set forth herein.

NOW, THEREFORE, the patties hereto agree as follows:

         1.       The first paragraph of Section 1(a) is amended in its entirety
so that such paragraph now reads as follows

                           Lender agrees to make loans (the "Loans") to Borrower
                  from time to time up to the sum of the following amounts
                  (hereinafter such sum shall be referred to as the "Borrowing
                  Base"):

                                    (A) an amount equal to 85% of the
                           outstanding amount of "Eligible Trade Receivables" of
                           Ellett; plus

                                    (B) an amount equal to 85% of "Eligible
                           Dated Trade Receivables" of Ellett, provided,
                           however, the foregoing amount specified in this
                           subsection (B) shall not exceed 50% of the
                           Receivables of Ellett; plus

                                    (C) an amount equal to the sum of 70% of
                           "Eligible Hunting and Shooting Sports Finished Goods
                           Inventory of Ellett plus 50% of "Eligible Marine
                           Finished Goods Inventory" of Ellett plus an amount
                           equal to 50% of the "Eligible Subsidiary Inventory";
                           provided, however, such sum specified in this
                           subsection (C) shall not exceed $25,000,000.00 at any
                           time outstanding; plus

                                    (D) an amount equal to 30% of the "Eligible
                           Subsidiary Receivables";

                  provided, however, the outstanding principal amount of the
                  Loans, plus the aggregate stated amount of outstanding Drafts
                  (as


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                  defined below) plus the Letter of Credit Obligations (as
                  defined below) shall not exceed $40,000,000.00 at any time
                  outstanding (or $45,000,000.00 at any time outstanding during
                  the 30-day period commencing on January 4, 2001); provided
                  further, each Loan which bears interest at the Three Month
                  LIBOR Rate plus the Applicable Margin shall be in a minimum
                  amount of $1,000,000.00 and in multiples of $1,000,000.00 in
                  excess thereof.

         2.       This Thirteenth Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an
original, and it shall not be necessary in making proof of this Thirteenth
Amendment to produce or account for more than one counterpart.

         3.       THIS THIRTEENTH AMENDMENT AND THE OTHER DOCUMENTS AND
AGREEMENTS EXECUTED IN CONNECTION HEREWITH (UNLESS SPECIFICALLY STIPULATED TO
THE CONTRARY IN SUCH DOCUMENT OR AGREEMENT), AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER AND THEREUNDER, SHALL BE GOVERNED) BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NORTH CAROLINA WITHOUT
REGARD TO CONFLICTS OF LAWS PRINCIPLES.


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 IN WITNESS WHEREOF, the panics hereto have caused this Thirteenth Amendment to
be executed by their duly authorized corporate officers as of the day and year
first above written.

                                  ELLETT BROTHERS, INC.

                                  By:   /s/George S. Loney         CFO
                                      --------------------------------
                                  (Title)

                                  EVANS SPORTS, INC., a South
                                  Carolina corporation

                                  By:   /s/George S. Loney         CFO
                                      --------------------------------
                                  (Title)

                                  LEISURE SPORTS MARKETING, INC., a
                                  South Carolina corporation

                                  By:   /s/George S. Loney         CFO
                                      --------------------------------
                                  (Title)

                                  SAFESPORT MANUFACTURING COMPANY, a
                                  South Carolina corporation

                                  By:   /s/George S. Loney         CFO
                                      --------------------------------
                                  (Title)

                                  VINTAGE EDITIONS, INC., a
                                  South Carolina corporation

                                  By:   /s/George S. Loney         CFO
                                      --------------------------------
                                  (Title)

                                  ARCHERY CENTER INTERNATIONAL, INC.

                                  By:   /s/ George S. Loney        CFO
                                      ---------------------------------
                                  (Title)

                                  FIRST UNION COMMERCIAL CORPORATION

                                  By:   /s/
                                      ---------------------------------
                                     Associate/Account Officer  (Title)


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