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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-Q/A
                                 AMENDMENT NO. 1


(Mark One)
[X]        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
           EXCHANGE ACT OF 1934
               For the quarterly period ended June 30, 1999

                                       OR

[ ]        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
           EXCHANGE ACT OF 1934
               For the transition period from ___________ to ___________


                         Commission File Number: 0-21632


                              ELLETT BROTHERS, INC.
             (Exact name of Registrant as specified in its charter)

   SOUTH CAROLINA                                           57-0957069
   (State or other jurisdiction of                          (I.R.S. Employer
   incorporation or organization)                           Identification No.)




   267 COLUMBIA AVENUE, CHAPIN, SOUTH CAROLINA              29036
   (Address of principal executive offices)                 (Zip Code)


       Registrant's telephone number, including area code: (803) 345-3751


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter periods that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes   X      No
     ---         ---

As of July 31, 1999, 4,326,518 shares of no par value common stock of the
registrant were outstanding.



                                Page 1 of 3 pages

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                                                                       Form 10-Q
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PART II. OTHER INFORMATION


Item 4.  Submission of matters to a vote of shareholders

         On May 12, 1999, the Company held its annual meeting of shareholders
for the purpose of electing six members to the Board of Directors and to ratify
the appointment of the Company's independent auditors. At such meeting, Robert
D. Gorham, Jr., E. Wayne Gibson, Joseph F. Murray, Jr., William H. Batchelor,
Charles V. Ricks and William H. Stanley were nominated and re-elected as
directors of the Company. Each nominee received the vote of a majority of the
shares represented and entitled to vote at the meeting. The appointment of
PricewaterhouseCoopers, LLP as the Company's independent auditors was approved
by the majority of the shares represented and entitled to a vote at the meeting.

Item 6.  Exhibits and Reports on Form 8-K

         (a) Exhibits

             27  Financial Data Schedule (for SEC only)

         (b) Reports on Form 8-K

         The Company did not file any reports on Form 8-K during the three
months ended June 30, 1999.


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                                                                       Form 10-Q
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                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Form 10-Q/A to be signed on its behalf by the
undersigned thereunto duly authorized.

                           ELLETT BROTHERS, INC.



Date: August 25, 1999
                              By:           /s/ Joseph F. Murray, Jr.
                                 -----------------------------------------------
                                              Joseph F. Murray, Jr.
                                 President, Chief Executive Officer and Director




                              By               /s/ George E. Loney
                                 ----------------------------------------------
                                                 George E. Loney
                                             Chief Financial Officer
                                   (principal financial and accounting officer)