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                                                                   EXHIBIT 10(O)


                             FOURTEENTH AMENDMENT TO
                        FINANCING AND SECURITY AGREEMENT

THIS FOURTEENTH AMENDMENT TO FINANCING AND SECURITY AGREEMENT, dated as of March
29, 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, Vintage and Archery 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 parties hereto agree as follows:

         1.       The first sentence of Section 20 of the Financing Agreement is
hereby amended in its entirety so that such sentence now reads as follows:

                           This Agreement shall have an initial term commencing
                  on the daft hereof through and including January 31, 2002 and
                  shall be automatically renewed for successive periods of one
                  year unless terminated as herein provided.

         2.       This Fourteenth 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 Fourteenth
Amendment to produce or account for more than one counterpart.

         3.       THIS FOURTEENTH 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 parties hereto have caused this Fourteenth 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 (Title)


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