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                                                                   EXHIBIT 10.5

                       PATENT AND TRADEMARK SECURITY AGREEMENT 
                                           
This PATENT AND TRADEMARK SECURITY AGREEMENT ("Agreement"), dated as of May 21,
1997, is entered into between L.A. GEAR, INC., a Delaware corporation
("Grantor"), which has a mailing address at 2850 Ocean Park Blvd., Santa Monica,
California  90405, and CONGRESS FINANCIAL CORPORATION (WESTERN) ("Congress"),
which has a mailing address at 225 S. Lake Avenue, Suite 1000, Pasadena,
California  91101.
                                       RECITALS
    A.   Grantor and Congress are, contemporaneously herewith, entering into
that certain Loan and Security Agreement ("Loan Agreement") and other
instruments, documents and agreements contemplated thereby or related thereto
(collectively, together with the Loan Agreement, the "Loan Documents"); and

    B.   Grantor is the owner of certain intellectual property, identified
below, in which Grantor is granting a security interest to Congress.

    NOW THEREFORE, in consideration of the mutual promises, covenants,
conditions, representations, and warranties hereinafter set forth and for other
good and valuable consideration, the parties hereto mutually agree as follows:

1.  DEFINITIONS AND CONSTRUCTION.

    1.1  DEFINITIONS.  The following terms, as used in this Agreement, have the
following meanings:

         "CODE" means the California Uniform Commercial Code, as amended and
supplemented from time to time, and any successor statute.

         "COLLATERAL" means all of the following, whether now owned or
hereafter acquired:

              (i)       Each of the trademarks and rights and interest which
    are capable of being protected as trademarks (including trademarks, service
    marks, designs, logos, indicia, tradenames, corporate names, company names,
    business names, fictitious business names, trade styles, and other source
    or business identifiers, and applications pertaining thereto), which are
    presently, or in the future may be, owned, created, acquired, or used
    (whether pursuant to a license or otherwise) by Grantor, in whole or in
    part, and all trademark rights with respect thereto throughout the world,
    including all proceeds thereof (including license royalties and proceeds of
    infringement suits), and rights to renew and extend such trademarks and
    trademark rights;

              (ii)      Each of the patents and patent applications which are
    presently, or in the future may be, owned, issued, acquired, or used
    (whether pursuant to a license or otherwise) by Grantor, in whole or in
    part, and all patent rights with respect thereto throughout the world,
    including all proceeds thereof (including license royalties and proceeds of
    infringement suits), foreign filing rights, and rights to extend such
    patents and patent rights;

              (iii)     All of Grantor's right to the trademarks and trademark
    registrations listed on EXHIBIT A attached hereto, as the same may be
    updated hereafter from time to time;


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              (iv)      All of Grantor's right, title, and interest, in and to
    the patents and patent applications listed on EXHIBIT B attached hereto, as
    the same may be updated hereafter from time to time;

              (v)       All of Grantor's right, title and interest to register
    trademark claims under any state or federal trademark law or regulation of
    any foreign country and to apply for, renew, and extend the trademark
    registrations and trademark rights, the right (without obligation) to sue
    or bring opposition or cancellation proceedings in the name of Grantor or
    in the name of Congress for past, present, and future infringements of the
    trademarks, registrations, or trademark rights and all rights (but not
    obligations) corresponding thereto in the United States and any foreign
    country;

              (vi)      All of Grantor's right, title, and interest in all
    patentable inventions, and to file applications for patent under federal
    patent law or regulation of any foreign country, and to request
    reexamination and/or reissue of the patents, the right (without obligation)
    to sue or bring interference proceedings in the name of Grantor or in the
    name of Congress for past, present, and future infringements of the
    patents, and all rights (but not obligations) corresponding thereto in the
    United States and any foreign country;

              (vii)     the entire goodwill of or associated with the
    businesses now or hereafter conducted by Grantor connected with and
    symbolized by any of the aforementioned properties and assets;

              (viii)    All general intangibles relating to the foregoing and
    all other intangible intellectual or other similar property of the Grantor
    of any kind or nature, associated with or arising out of any of the
    aforementioned properties and assets and not otherwise described above; and

              (ix)      All products and proceeds of any and all of the
    foregoing (including, without limitation, license royalties and proceeds of
    infringement suits) and, to the extent not otherwise included, all payments
    under insurance, or any indemnity, warranty, or guaranty payable by reason
    of loss or damage to or otherwise with respect to the Collateral.

         "OBLIGATIONS" means all obligations, liabilities, and indebtedness of
Grantor to Congress, whether direct, indirect, liquidated, or contingent, and
whether arising under this Agreement, the Loan Agreement, any other of the Loan
Documents, or otherwise, including all costs and expenses described in Section
9.8 hereof.

    1.2  CONSTRUCTION.  Unless the context of this Agreement clearly requires
otherwise, references to the plural include the singular, references to the
singular include the plural, and the term "including" is not limiting. The words
"hereof," "herein," "hereby," "hereunder," and other similar terms refer to this
Agreement as a whole and not to any particular provision of this Agreement. Any
initially capitalized terms used but not defined herein shall have the meaning
set forth in the Loan Agreement. Any reference herein to any of the Loan
Documents includes any and all alterations, amendments, extensions,
modifications, renewals, or supplements thereto or thereof, as applicable. 
Neither this Agreement nor any uncertainty or ambiguity herein shall be
construed or resolved against Congress or Grantor, whether under any rule of
construction or otherwise. On the contrary, this Agreement has been reviewed by
Grantor, Congress, and their respective counsel, and shall be construed and
interpreted according to the ordinary meaning of the words used so as to fairly
accomplish the purposes and intentions of Congress and Grantor.  Headings have
been set forth herein for convenience only, and shall not be used in the
construction of this Agreement.

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2.  GRANT OF SECURITY INTEREST.

    To secure the complete and timely payment and performance of all
Obligations, and without limiting any other security interest Grantor has
granted to Congress, Grantor hereby grants, assigns, and conveys to Congress a
security interest in Grantor's entire right, title, and interest in and to the
Collateral.

3.  REPRESENTATIONS, WARRANTIES AND COVENANTS.

    Grantor hereby represents, warrants, and covenants that:

    3.1  TRADEMARKS; PATENTS.  A true and complete schedule setting forth all
federal and state trademark registrations owned or controlled by Grantor or
licensed to Grantor, together with a summary description and full information in
respect of the filing or issuance thereof and expiration dates is set forth on
EXHIBIT A; and a true and complete schedule setting forth all patent and patent
applications owned or controlled by Grantor or licensed to Grantor, together
with a summary description and full information in respect of the filing or
issuance thereof and expiration dates is set forth on EXHIBIT B.

    3.2  VALIDITY; ENFORCEABILITY.  Each of the patents and trademarks is valid
and enforceable, and Grantor is not presently aware of any past, present, or
prospective claim by any third party that any of the patents or trademarks are
invalid or unenforceable, or that the use of any patents or trademarks violates
the rights of any third person, or of any basis for any such claims.

    3.3  TITLE.  Grantor is the sole and exclusive owner of the entire and
unencumbered right, title, and interest in and to each of the patents, patent
applications, trademarks, and trademark registrations, free and clear of any
liens, charges, and encumbrances, including pledges, assignments, licenses, shop
rights, and covenants by Grantor not to sue third persons.

    3.4  NOTICE.  Grantor has used and will continue to use proper statutory
notice in connection with its use of each of the patents and trademarks.

    3.5  QUALITY.  Grantor has used and will continue to use consistent
standards of high quality (which may be consistent with Grantor's past
practices) in the manufacture, sale, and delivery of products and services sold
or delivered under or in connection with the trademarks, including, to the
extent applicable, in the operation and maintenance of its merchandising
operations, and will continue to maintain the validity of the trademarks.

    3.6  PERFECTION OF SECURITY INTEREST.  Except for the filing of a financing
statement with the Secretary of State of California and filings with the United
States Patent and Trademark Office necessary to perfect the security interests
created hereunder, no authorization, approval, or other action by, and no notice
to or filing with, any governmental authority or regulatory body is required
either for the grant by Grantor of the security interest hereunder or for the
execution, delivery, or performance of this Agreement by Grantor or for the
perfection of or the exercise by Congress of its rights hereunder to the
Collateral in the United States.

4.  AFTER-ACQUIRED PATENT OR TRADEMARK RIGHTS.

    If Grantor shall obtain rights to any new trademarks, any new patentable
inventions or become entitled to the benefit of any patent application or patent
for any reissue, division, or continuation, of any patent, the provisions of
this Agreement shall automatically apply thereto. Grantor shall give prompt
notice in writing to Congress with respect to any such new trademarks or
patents, or renewal or extension of any trademark registration. Grantor shall
bear any expenses

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incurred in connection with future patent applications or trademark
registrations.  Without limiting Grantor's obligation under this Section 4,
Grantor authorizes Congress to modify this Agreement by amending EXHIBITS A OR B
to include any such new patent or trademark rights.  Notwithstanding the
foregoing, no failure to so modify this Agreement or amend EXHIBITS A OR B shall
in any way affect, invalidate or detract from Congress's continuing security
interest in all Collateral, whether or not listed on EXHIBIT A OR B.

5.  LITIGATION AND PROCEEDINGS.

    Grantor shall commence and diligently prosecute in its own name, as the
real party in interest, for its own benefit, and its own expense, such suits,
administrative proceedings, or other action for infringement or other damages as
are in its reasonable business judgment necessary to protect the Collateral.
Grantor shall provide to Congress any information with respect thereto requested
by Congress. Congress shall provide at Grantor's expense all necessary
cooperation in connection with any such suits, proceedings, or action,
including, without limitation, joining as a necessary party. Following Grantor's
becoming aware thereof, Grantor shall notify Congress of the institution of, or
any adverse determination in, any proceeding in the United States Patent and
Trademark Office, or any United States, state, or foreign court regarding
Grantor's claim of ownership in any of the patents or trademarks, its right to
apply for the same, or its right to keep and maintain such patent or trademark
rights.

6.  POWER OF ATTORNEY.

    Grantor hereby appoints Congress as Grantor's true and lawful attorney,
with full power of substitution, to do any or all of the following, in the name,
place and stead of Grantor:  (a)  file this Agreement (or an abstract hereof) or
any other document describing Congress's interest in the Collateral with the
United States Patent and Trademark Office; (b) execute any modification of this
Agreement pursuant to Section 4 of this Agreement; (c) take any action and
execute any instrument which Congress may deem necessary or advisable to
accomplish the purposes of this Agreement; and (d) following an Event of Default
(as defined in the Loan Agreement), (i) endorse Grantor's name on all
applications, documents, papers and instruments necessary for Congress to use or
maintain the Collateral; (ii) ask, demand, collect, sue for, recover, impound,
receive, and give acquittance and receipts for money due or to become due under
or in respect of any of the Collateral; (iii) file any claims or take any action
or institute any proceedings that Congress may deem necessary or desirable for
the collection of any of the Collateral or otherwise enforce Congress's rights
with respect to any of the Collateral, and (iv) assign, pledge, convey, or
otherwise transfer title in or dispose of the Collateral to any person.

7.  RIGHT TO INSPECT.

    Grantor grants to Congress and its employees and agents the right to visit
Grantor's plants and facilities which manufacture, inspect, or store products
sold under any of the patents or trademarks, and to inspect the products and
quality control records relating thereto at reasonable times during regular
business hours.

8.  SPECIFIC REMEDIES.

    Upon the occurrence of any Event of Default (as defined in the Loan
Agreement), Congress shall have, in addition to, other rights given by law or in
this Agreement, the Loan Agreement, or in any other Loan Document, all of the
rights and remedies with respect to the Collateral of a secured party under the
Code, including the following:

    8.1  NOTIFICATION.  Congress may notify licensees to make royalty payments
on license agreements directly to Congress;

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    8.2  SALE.  Congress may sell or assign the Collateral and associated
goodwill at public or private sale for such amounts, and at such time or times
as Congress deems advisable. Any requirement of reasonable notice of any
disposition of the Collateral shall be satisfied if such notice is sent to
Grantor five (5) days prior to such disposition. Grantor shall be credited with
the net proceeds of such sale only when they are actually received by Congress,
and Grantor shall continue to be liable for any deficiency remaining after the
Collateral is sold or collected. If the sale is to be a public sale, Congress
shall also give notice of the time and place by publishing a notice one time at
least five (5) days before the date of the sale in a newspaper of general
circulation in the county in which the sale is to be held. To the maximum extent
permitted by applicable law, Congress may be the purchaser of any or all of the
Collateral and associated goodwill at any public sale and shall be entitled, for
the purpose of bidding and making settlement or payment of the purchase price
for all or any portion of the Collateral sold at any public sale, to use and
apply all or any part of the Obligations as a credit on account of the purchase
price of any collateral payable by Congress at such sale.

9.  GENERAL PROVISIONS.

    9.1  EFFECTIVENESS.  This Agreement shall be binding and deemed effective
when executed by Grantor and Congress.

    9.2  NOTICES. Except to the extent otherwise provided herein, all notices,
demands, and requests that either party is required or elects to give to the
other shall be in writing and shall be governed by the notice provisions of the
Loan Agreement.

    9.3  NO WAIVER.  No course of dealing between Grantor and Congress, nor any
failure to exercise nor any delay in exercising, on the part of Congress, any
right, power, or privilege under this Agreement or under the Loan Agreement or
any other agreement, shall operate as a waiver.  No single or partial exercise
of any right, power, or privilege under this Agreement or under the Loan
Agreement or any other agreement by Congress shall preclude any other or further
exercise of such right, power, or privilege or the exercise of any other right,
power, or privilege by Congress.

    9.4  RIGHTS ARE CUMULATIVE.  All of Congress's rights and remedies with
respect to the Collateral whether established by this Agreement, the Loan
Agreement, or any other documents or agreements, or by law shall be cumulative
and may be exercised concurrently or in any order.

    9.5  SUCCESSORS.  The benefits and burdens of this Agreement shall inure to
the benefit of and be binding upon the respective successors and permitted
assigns of the parties; provided that Grantor may not transfer any of the
Collateral or any rights hereunder, without the prior written consent of
Congress, except as specifically permitted hereby.

    9.6  SEVERABILITY.  The provisions of this Agreement are severable.  If any
provision of this Agreement is held invalid or unenforceable in whole or in part
in any jurisdiction, then such invalidity or unenforceability shall affect only
such provision, or part thereof, in such jurisdiction, and shall not in any
manner affect such provision or part thereof in any other jurisdiction, or any
other provision of this Agreement in any jurisdiction.

    9.7  ENTIRE AGREEMENT.  This Agreement is subject to modification only by a
writing signed by the parties, except as provided in Section 4 of this
Agreement.  To the extent that any provision of this Agreement conflicts with
any provision of the Loan Agreement, the provision giving Congress greater
rights or remedies shall govern, it being understood that the purpose of this
Agreement is to add to, and not detract from, the rights granted to Congress
under the Loan

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Agreement.  This Agreement, the Loan Agreement, and the documents relating
thereto comprise the entire agreement of the parties with respect to the matters
addressed in this Agreement.

    9.8  FEES AND EXPENSES.  Grantor shall pay to Congress on demand all costs
and expenses that Congress pays or incurs in connection with the negotiation,
preparation, consummation, administration, enforcement, and termination of this
Agreement, including: (a) reasonable attorneys' and paralegals' fees and
disbursements of counsel to Congress; (b) costs and expenses (including
reasonable attorneys' and paralegals' fees and disbursements) for any amendment,
supplement, waiver, consent, or subsequent closing in connection with this
Agreement and the transactions contemplated hereby; (c) costs and expenses of
lien and title searches; (d) taxes, fees, and other charges for filing this
Agreement at the United States Patent and Trademark Office, or for filing
financing statements, and continuations, and other actions to perfect, protect,
and continue the security interest created hereunder; (e) sums paid or incurred
to pay any amount or take any action required of Grantor under this Agreement
that Grantor fails to pay or take; (f) costs and expenses of preserving and
protecting the Collateral; and (g) costs and expenses (including reasonable
attorneys' and paralegals' fees and disbursements) paid or incurred to enforce
the security interest created hereunder, sell or otherwise realize upon the
Collateral, and otherwise enforce the provisions of this Agreement, or to defend
any claims made or threatened against the Congress arising out of the
transactions contemplated hereby (including preparations for the consultations
concerning any such matters). The foregoing shall not be construed to limit any
other provisions of this Agreement  or the Loan Documents regarding costs and
expenses to be paid by Grantor. The parties agree that reasonable attorneys' and
paralegals' fees and costs incurred in enforcing any judgment are recoverable as
a separate item in addition to fees and costs incurred in obtaining the judgment
and that the recovery of such attorneys' and paralegals' fees and costs is
intended to survive any judgment, and is not to be deemed merged into any
judgment.

    9.9  INDEMNITY.  Grantor shall protect, defend, indemnify, and hold
harmless Congress and Congress's assigns from all liabilities, losses, and costs
(including without limitation reasonable attorneys' fees) incurred or imposed on
Congress relating to the matters in this Agreement.

    9.10 FURTHER ASSURANCES.  At Congress's request, Grantor shall execute and
deliver to Congress any further instruments or documentation, and perform any
acts, that may be reasonably necessary or appropriate to implement this
Agreement, the Loan Agreement or any other agreement, and the documents relating
thereto, including without limitation any instrument or documentation reasonably
necessary or appropriate to create, maintain, perfect, or effectuate Congress's
security interests in the Collateral.

    9.11 RELEASE.  At such time as Grantor shall completely satisfy all of the
Obligations and the Loan Agreement shall be terminated, Congress shall execute
and deliver to Grantor all assignments and other instruments as may be
reasonably necessary or proper to terminate Congress's security interest in the
Collateral, subject to any disposition of the Collateral which may have been
made by Congress pursuant to this Agreement.  For the purpose of this Agreement,
the Obligations shall be deemed to continue if Grantor enters into any
bankruptcy or similar proceeding at a time when any amount paid to Congress
could be ordered to be repaid as a preference or pursuant to a similar theory,
and shall continue until it is finally determined that no such repayment can be
ordered.

    9.12 GOVERNING LAW.  The validity and interpretation of this Agreement and
the rights and obligations of the parties shall be governed by the laws of the
State of California, excluding its conflict of law rules to the extent such
rules would apply the law of another jurisdiction, and the United States.  The
parties agree that all actions or proceedings arising in connection with this
Agreement shall be tried and litigated only in the state and federal courts
located in the

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County of Los Angeles, State of California or, at the sole option of CONGRESS,
in any other court in which CONGRESS shall initiate legal or equitable
proceedings and which has subject matter jurisdiction over the matter in
controversy. each of Grantor and CONGRESS waives, to the extent permitted under
applicable law, any right they may have to assert the doctrine of forum non
conveniens or to object to venue to the extent any proceeding is brought in
accordance with this Section.

    9.13 WAIVER OF RIGHT TO JURY TRIAL.  CONGRESS AND GRANTOR EACH HEREBY WAIVE
THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, ARISING OUT
OF, OR IN ANY WAY RELATING TO: (I) THIS AGREEMENT; OR (II)  ANY OTHER PRESENT OR
FUTURE INSTRUMENT OR AGREEMENT BETWEEN CONGRESS AND GRANTOR; OR (III) ANY
CONDUCT, ACTS OR OMISSIONS OF CONGRESS OR GRANTOR OR ANY OF THEIR DIRECTORS,
OFFICERS, EMPLOYEES, AGENTS,  ATTORNEYS OR ANY OTHER PERSONS AFFILIATED WITH
CONGRESS OR GRANTOR; IN EACH OF THE FOREGOING CASES, WHETHER SOUNDING IN
CONTRACT OR TORT OR OTHERWISE.

     IN WITNESS WHEREOF, the parties have executed this Agreement on the date
first written above.

CONGRESS FINANCIAL                          L.A. GEAR, INC.
CORPORATION (WESTERN)


By /s/ Donald A. McLeod
   ------------------------
Title SENIOR VICE PRESIDENT                 By /s/ Victor J. Trippetti
      ---------------------                    ------------------------------
                                            Title Senior VP + CFO
                                                  ---------------------------


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STATE OF CALIFORNIA     )
                        ) ss.
COUNTY OF LOS ANGELES   )


    On May 21, 1997, before me, Kathryn Gambino, Notary Public, personally
appeared VICTOR J. TRIPPETTI, personally known to me (or proved to me on the
basis of satisfactory evidence) to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they
executed the same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s) on the instrument the person(s), or the entity upon
behalf of which the person(s) acted, executed the instrument. 

    Witness my hand and official seal. 

                             /s/ Kathryn Gambino
                             ------------------------------
[SEAL]




(Seal)



STATE OF CALIFORNIA     )
                        ) ss.
COUNTY OF LOS ANGELES   )


    On May 21, 1997, before me, Kathryn Gambino, Notary Public, personally
appeared DONALD A. MCLEOD, personally known to me (or proved to me on the basis
of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument. 

    Witness my hand and official seal. 

                             /s/ Kathryn Gambino
                             ------------------------------

                                  (Seal)


[SEAL]


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                                     EXHIBIT "A"
                                           



                                REGISTERED TRADEMARKS
                                           
See EXHIBIT "A" attached hereto and made a part hereof by this reference.





                                  PENDING TRADEMARKS
                                           
See EXHIBIT "A" attached hereto and made a part hereof by this reference.

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