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                                                                   EXHIBIT 10(I)


                               EIGHTH AMENDMENT TO
                        FINANCING AND SECURITY AGREEMENT

THIS EIGHTH AMENDMENT TO FINANCING AND SECURITY AGREEMENT, dated as of October
8, 1999, 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"), and
VINTAGE EDITIONS, INC. ("Vintage") (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 parties 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 (or $30,000,000.00 at any time outstanding
                  during the 120-day period commencing on October 8, 1999); plus


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                           (D) an amount equal to 85% of the "Eligible
                  Subsidiary Receivables";

         provided, however, the outstanding principal amount of the Loans, plus
         the aggregate stated amount of outstanding Drafts (as 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 120-day period commencing on October 8,
         1999); 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 Eighth 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 Eighth Amendment
to produce or account for more than one counterpart.

         3.       THIS EIGHTH 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 Eighth 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)

                                    FIRST UNION COMMERCIAL CORPORATION

                                    By: /s/Bruce K. Rhodes, VP
                                       -----------------------------
                                       (Title)




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