SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-K/A

                 X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                ---
              OF THE SECURITIES EXCHANGE ACT OF 1934 (Fee Required)

                  For the Fiscal Year Ended September 30, 2001

                TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                         Commission file number 0-20757

                           TRAVIS BOATS & MOTORS, INC.
             (Exact name of registrant as specified in its charter)

                                      TEXAS
                         (State or other jurisdiction of
                         incorporation or organization)

                                   74-2024798
                                (I.R.S. Employer
                             Identification Number)

             5000 Plaza on the Lake, Suite 250, Austin, Texas 78746
                    (Address of principal executive offices)


       Registrant's telephone number, including area code: (512) 347-8787
        Securities registered pursuant to Section 12(b) of the Act: None
           Securities registered pursuant to Section 12(g) of the Act:
                          Common Stock, $.01 Par Value

                                (Title of class)


         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 period that  Registrant
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days.  Yes X   No
                                       ---    ---


         Indicate by check mark if disclosure of delinquent  filers  pursuant to
Item 405 of Regulation S-K is not contained  herein,  and will not be contained,
to the best of  Registrant's  knowledge,  in  definitive  proxy  or  information
statements  incorporated by reference in Part III of this Report on Form 10-K or
any amendment to this Report on Form 10-K. _____


         The aggregate  market value of the voting stock (which  consists solely
of  shares of Common  Stock)  held by  non-affiliates  of the  Registrant  as of
December 28, 2001,  (based upon the last reported  price of $2.00 per share) was
approximately $5,879,410 on such date.


         The number of shares of the issuer's  Common Stock,  par value $.01 per
share,  outstanding  as of December 28, 2001 was 4,350,527,  of which  2,939,705
shares were held by non-affiliates.




<PAGE>



PART IV.

Item 14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K

(a) 3. Exhibits - The  following  Exhibits have been amended and are included in
their entirety in the following Index to Exhibits.

                                INDEX TO EXHIBITS

         (a)   Exhibits:

10.57     --   Amended and Restated Loan and Security  Agreement  between Travis
               Boats & Motors, Inc. and Deutsche Financial Services Corporation,
               dated as of December 10, 2001.

10.58     --   Amendment No. 2 to Travis Boats & Motors,  Inc. Loan and Security
               Agreement by and between the Company and Transamerica  Commercial
               Finance Corporation, dated as of December 14, 2001.


                                   SIGNATURES

         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
Exchange Act of 1934,  the registrant has caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                        Travis Boats & Motors, Inc.
Date:  August 23, 2002                  By:  /s/ MICHAEL B. PERRINE
                                           -------------------------------
                                                Michael B. Perrine
                                           Chief Financial Officer, Treasurer
                                           and Secretary
                                           (Principal Accounting and
                                           Financial Officer)






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<PAGE>


                      POWER OF ATTORNEY TO SIGN AMENDMENTS

         KNOW ALL BY THESE PRESENTS,  that each person whose  signature  appears
below does  hereby  constitute  and  appoint  Mark T. Walton his true and lawful
attorney-in-fact  and agent for him and in his name, place and stead, in any and
all capacities, to sign any or all amendments to the Travis Boats & Motors, Inc.
Annual Report on Form 10-K for the year ending  September 30, 2001,  and to file
the  same,  with  all  exhibits  thereto,  and  other  documents  in  connection
therewith,  with the  Securities  and Exchange  Commission,  granting  unto said
attorney-in-fact  and agents full power and authority to do and perform each and
every act and thing requisite and necessary to be done in and about the premises
in order to effectuate the same as fully,  to all intents and purposes,  as they
or he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agents, or any of them, may lawfully do or cause to be done
by virtue hereof.  This Power of Attorney has been signed below by the following
persons in the capacities and on the dates indicated.

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
this  report has been  signed  below by the  following  persons on behalf of the
registrant and in the capacities and on the dates indicated.

<TABLE>
<CAPTION>

Name                                   Title                                       Date Signed
----                                   -----                                       -----------
<S>                                    <C>                                         <C>


/s/ MARK T. WALTON                     Chairman of the Board, President and        December 28, 2001
----------------------------           Director (Principal Executive Officer)
Mark T. Walton

/s/ MICHAEL B. PERRINE                 Chief Financial Officer, Secretary and      December 28, 2001
----------------------------           Treasurer (Principal Financial and
Michael B. Perrine                     Accounting Officer)


/s/ RONNIE L. SPRADLING                Executive Vice President-New Store          December 28, 2001
----------------------------           Development Director
Ronnie L. Spradling


/s/ STEVEN W. GURASICH, JR             Director                                    December 28, 2001
----------------------------
Steven W. Gurasich, Jr.

/s/ ZACH MCCLENDON, JR.                Director                                    December 28, 2001
----------------------------
Zach McClendon, Jr.


/s/ ROBERT C. SIDDONS                  Director                                    December 28, 2001
----------------------------
Robert C. Siddons

/s/ JOSEPH E. SIMPSON                  Director                                    December 28, 2001
----------------------------
Joseph E. Simpson

/s/ RICHARD BIRNBAUM                   Director                                    December 28, 2001
----------------------------
Richard Birnbaum

</TABLE>




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