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                                  EXHIBIT 10.1

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AMENDMENT TO DOCUMENTS


                   AMENDMENT NO. 3 TO BUSINESS LOAN AGREEMENT

        This Amendment No. 3 (the "Amendment") dated as of November 20, 2001, is
between Bank of America, N.A. (the "Bank"), formerly Bank of America National
Trust and Savings Association, and Sport Chalet, Inc. (the "Borrower").


                                    RECITALS

        A. The Bank and the Borrower entered into a certain Business Loan
Agreement dated as of June 19, 1998, as previously amended (the "Agreement").

        B. The Bank and the Borrower desire to further amend the Agreement.


                                    AGREEMENT

        1. DEFINITIONS. Capitalized terms used but not defined in this Amendment
shall have the meaning given to them in the Agreement.

        2. AMENDMENTS. The Agreement is hereby amended as follows:

           2.1 Paragraph 1.1 of the Agreement is deleted in its entirety.

           2.2 In Paragraph 2.1(a) of the Agreement, the amount "Twenty Million
               Dollars ($20,000,000)" is substituted for the amount "Ten Million
               Dollars ($10,000,000)".

           2.3 Paragraph 2.3(a) of the Agreement is amended to read in its
               entirety as follows:

               (a) Unless the Borrower elects an optional interest rate as
                   described below, the interest rate is the Bank's Prime Rate."

           2.4 Paragraph 2.6(a) of the Agreement is amended to read in its
               entirety as follows:

               (a) The "Short Term Fixed Rate" means the Short Term Fixed Rate
                   plus 1.75 percentage points."

           2.5 Paragraphs 2.6(d) and 2.6(e) of the Agreement are amended to read
               in their entirety as follows:

               (d) The interest periods during which the Short Term Fixed Rate
                   will be in effect will be no shorter than 7 days and no
                   longer than one year.

               (e) Each Short Term Fixed Rate Portion will be for an amount not
                   less than the following:

                   (i)   for interest periods of 91 days or longer, Five Hundred
                         Thousand Dollars ($500,000).

                   (ii)  for interest periods of between 30 days and 90 days,
                         One Million Dollars ($1,000,000).

                   (iii) for interest periods of between 7 days and 29 days, an
                         amount which, when multiplied by the number of days in
                         the applicable interest period, is not less than thirty
                         million (30,000,000) dollar-days.

           2.6 In Paragraph 2.7 of the Agreement, the first sentence is amended
               to read in full as follows:

               "The Borrower may elect to have all or portions of the principal
               balance of the line of credit bear interest at the Offshore Rate
               plus 1.75 percentage points."

           2.7 Paragraphs 2.7(a) and 2.7(b) of the Agreement are amended to read
               in their entirety as follows: "(a) The interest period during
               which the Offshore Rate will be in effect will be no shorter than
               7 days

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                and no longer than one year. The last day of the interest period
                will be determined by the Bank using the practices of the
                offshore dollar inter-bank market.

                (b) each IBOR Rate Portion will be for an amount not less than
                    the following:

                    (i)   for interest periods of 91 days or longer, Five
                          Hundred Thousand Dollars ($500,000).

                    (ii)  for interest periods of between 30 days and 90 days,
                          One Million Dollars ($1,000,000).

                    (iii) for interest periods of between 7 days and 29 days, an
                          amount which, when multiplied by the number of days in
                          the applicable interest period, is not less than
                          thirty million (30,000,000) dollar- days.

           2.8  In Paragraph 2.8 of the Agreement, the first sentence is amended
                to read in full as follows:

                "The Borrower may elect to have all or portions of the principal
                balance bear interest at the LIBOR Rate plus 1.75 percentage
                points."

           2.9  Paragraph 2.8(b) of the Agreement is amended to read in its
                entirety as follows:

                "(b) Each LIBOR Rate Portion will be for an amount not less than
                     the following:

                     (i)   for interest periods of four months or longer, Five
                           Hundred Thousand Dollars ($500,000).

                     (ii)  for interest periods of one, two or three months, One
                           Million Dollars ($1,000,000).

                     (iii) for interest periods of one, two or three weeks, an
                           amount which, when multiplied by the number of days
                           in the applicable interest period, is not less than
                           thirty million (30,000,000) dollar-days."

           2.10 Paragraph 8.5 of the Agreement is amended to read in its
                entirety as follows:


                "8.5 FIXED CHARGE COVERAGE RATIO. To maintain a Fixed Charge
                Coverage ratio of the amounts indicated for each period
                specified below:

                     Period                                          Ratio
                     ------                                          -----
                     From the date of this Amendment No. 3
                     through December 31, 2001                       90:1.0

                     From January 1, 2002 and thereafter            1.0:1.0

                     "Fixed Charge Coverage Ratio" is defined as net profit
                     after taxes plus interest expense, depreciation,
                     amortization, less dividends, loans and advances to
                     parents, affiliates and officers divided by current portion
                     long term debt, interest expense, and non-financed capital
                     expenditures. This ratio will be calculated at the end of
                     each fiscal quarter, using the results of that quarter and
                     each of the 3 immediately preceding quarters. The current
                     portion of long term debt will be measured as of the last
                     day of the preceding fiscal year."

           2.11 Paragraph 8.10 of the Agreement is amended to read in its
                entirety as follows:

                "8.10 PAYDOWN PERIOD. To reduce the amount of advances
                outstanding under this Agreement to zero for a period of at
                least 30 consecutive days between January 1, 2002 and August 31,
                2002."

        3. REPRESENTATIONS AND WARRANTIES. When the Borrower signs this
Amendment, the Borrower represents and warrants to the Bank that: (a)there is no
event which is, or with notice or lapse of time or both would be, a default
under the Agreement except those events, if any, that have been disclosed in
writing to the Bank or waived in writing by the Bank, (b) the representations
and warranties in the Agreement are true as of the date of this Amendment as if
made on the date of this Amendment, (c) this Amendment is within the Borrower's
powers, has been duly authorized,

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and does not conflict with any of the Borrower's organizational papers, and (d)
this Amendment does not conflict with any law, agreement, or obligation by which
the Borrower is bound.

        4. CONDITIONS. This Amendment will be effective when the Bank receives
the following items, in form and content acceptable to the Bank:

           4.1 A fee in the amount of Ten Thousand Dollars ($10,000).

        5. EFFECT OF AMENDMENT. Except as provided in this Amendment, all of the
terms and conditions of the Agreement shall remain in full force and effect.

        This Amendment is executed as of the date stated at the beginning of
this Amendment.



BANK OF AMERICA, N.A.                             SPORT CHALET, INC.



/s/   Jeffrey A. Thom                             /s/   Howard Kaminsky
--------------------------                        ---------------------------
By: Jeffrey A. Thom,                              By: Howard Kaminsky,
    Vice President                                    Chief Financial Officer

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