SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, DC 20549
                            -----------------
                                 FORM 10-Q
(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   1-5354

                            SWANK, INC.
(Exact name of registrant as specified in its charter)
  Delaware                                           04-1886990
 (State or other jurisdiction                      (IRS employer
  of incorporation or organization)                 identification Number)

 6 Hazel Street, Attleboro, Massachusetts              02703
 (Address of principal executive offices)            (Zip code)

Registrant's telephone number, including area code 508-222-3400

Former name, former address and former fiscal year, if changed
since last report.

     Indicate by X 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 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 __

       APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
         PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

     Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Section 12, 13 or
15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court:
                          Yes ___    No ___

                APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares outstanding of each of the
issuer's classes of common stock as of the latest practicable
date:

 Title of Class                 Shares Outstanding on July  31, 1999
Common stock, $.10 par value                 16,569,423

<PAGE>

                            SWANK, INC.
                 PART I - FINANCIAL STATEMENTS
Item 1.  Financial Statements.  CONDENSED CONSOLIDATED BALANCE SHEETS
                            (UNAUDITED)
                       (Dollars in thousands)


                                       June 30, 1999    December 31, 1998
          ASSETS
Current:
  Cash and cash equivalents                    $ 239                $ 757
  Accounts receivable, less
   allowances of $6,486 and $9,041            15,434               14,756
  Inventories
          Raw materials             $8,680                $7,028
          Work in process            7,405                 7,337
          Finished goods            25,889    41,974      26,819    41,184
  Deferred income taxes                        4,069                 4,069
  Prepaid income taxes                         1,599                     -
  Prepaid and other                            1,285                   967

          Total current assets                64,600                61,733


Property, plant and equipment, at   28,151                26,932
 cost
    less accumulated depreciation   22,064     6,087      21,358     5,574
     and amortization
Other assets                                   6,214                 5,662

  Total assets                              $ 76,901              $ 72,969

          LIABILITIES
Current:
  Notes payable to banks                    $ 22,206              $ 15,321
  Current portion of long-term                   243                   242
   debt
  Accounts payable                             6,585                 5,770
  Accrued employee compensation                2,974                 4,775
  Income taxes payable                             -                 1,888
  Other current liabilities                    4,244                 4,232

          Total current                       36,252                32,228
           liabilities

Long-term obligations                          9,516                 9,563

          Total liabilities                   45,768                41,791

Minority Interest in consolidated                565                     -
 subsidiary

          STOCKHOLDERS' EQUITY
Preferred stock, par value $1.00
  Authorized 1,000,000 shares
Common stock, par value $.10
  Authorized 43,000,000 shares:
    Issued 16,902,942 and                      1,690                 1,689
     16,887,942 shares
Capital in excess of par value                   926                   913
Retained earnings                             28,654                29,285
Accumulated other comprehensive                    7                     -
 income
                                              31,277                31,887
Treasury stock , at cost,                       (709)                 (709)
 333,519 shares
          Total stockholders'                 30,568                31,178
           equity

Total liabilities and                       $ 76,901             $  72,969
 stockholders' equity


The accompanying notes are an integral part of the condensed
consolidated financial statements.

<PAGE>

                           SWANK, INC.
   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
          FOR THE QUARTERS ENDED JUNE 30, 1999 AND 1998
          (Dollars in thousands except per share data)
                ---------------------------------


                                                      1999         1998

Net Sales                                         $ 32,725     $ 32,177

Cost of goods sold                                  21,170       18,918

Gross profit                                        11,555       13,259

Selling and administrative expenses                 12,715       13,661

Loss from operations                                (1,160)        (402)

Interest expense, net                                  391          423

Loss before income taxes and minority               (1,551)        (825)
 interest

Benefit for income taxes                               762          322

Minority interest in loss of consolidated               43            0
 subsidiary

Net (loss)                                           $(746)       $(503)


Share and per share information:

Weighted average common shares outstanding      16,569,423   16,525,677

Net loss per common share                           $ (.05)      $ (.03)

Weighted average common shares outstanding      16,569,423   16,525,677
 assuming dilution

Net loss per common share assuming dilution         $ (.05)      $ (.03)


The accompanying notes are an integral part of the condensed
consolidated financial statements.

<PAGE>

                           SWANK, INC.
   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
         FOR THE SIX MONTHS ENDED JUNE 30, 1999 AND 1998
                     (Dollars in thousands)
                        ----------------


                                                     1999         1998

Net Sales                                        $ 69,924     $ 65,806

Cost of goods sold                                 44,313       38,403

Gross profit                                       25,611       27,403

Selling and administrative expenses                26,399       26,232

Income (loss) from operations                        (788)       1,171

Interest charges, net                                 739          670

Income (loss) before income taxes and              (1,527)         501
 minority interest

Benefit (provision) for income taxes                  672         (195)

Minority interest in loss of consolidated             224            0
 subsidiary

Net income (loss)                                   $(631)        $306

Share and per share information:

Weighted average common shares outstanding     16,568,025   16,518,761

Net income (loss) per common share                 $ (.04)       $ .02

Weighted average common shares outstanding     16,729,320   16,637,295
 assuming dilution

Net income (loss) per share assuming               $ (.04)       $ .02
 dilution

The accompanying notes are an integral part of the condensed
consolidated financial statements.

<PAGE>

                           SWANK, INC.
   CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
         FOR THE SIX MONTHS ENDED JUNE 30, 1999 AND 1998
                     (Dollars in thousands)
                         --------------


                                                1999           1998
Cash flow from operating activities:

Net income (loss)                             $ (631)         $ 306

Adjustments to reconcile net income
 to net cash used in operations:

  Depreciation and amortization                  742            956
  Gain on sale of fixed assets                     -             (3)
  Recoveries of bad debts                        (30)          (358)
  Minority interest in net loss of              (224)             -
   consolidated subsidiary

Changes in assets and liabilities
   Increase in accounts receivable              (786)           (64)
   Increase in inventory                        (393)        (7,935)
   (Increase) decrease in prepaid and           (354)           178
    other
   (Increase) decrease in other assets           (43)            50
   (Increase) in prepaid income taxes         (1,599)          (960)
    Increase (decrease) in accounts             (911)         1,725
     payable and accrued liabilities
    Decrease in income taxes payable          (1,888)          (253)
    Increase in long-term obligations             65              4

               Net cash used in               (6,052)       ( 6,354)
                operations

Cash flow from investing activities:
  Capital expenditures                          (788)          (494)
  Premiums on life insurance                    (409)          (483)

               Net cash used in               (1,197)          (977)
                investing activities


Cash flow from financing activities:

  Borrowing under revolving credit            38,520         35,921
   agreements
  Payments of revolving credit               (31,635)      (26,782)
   obligations
  Principal payments on long-term debt          (168)       (2,820)
  Proceeds from exercise of employee              14            33
   stock options

               Net cash provided by            6,731         6,352
                financing activities

  Net decrease in cash and cash               $ (518)         (979)
   equivalents

  Cash and cash equivalents at                   757         1,235
   beginning of period

  Cash and cash equivalents at end of          $ 239          $256
   period


The accompanying notes are an integral part of the condensed
consolidated financial statements.

<PAGE>

SWANK, INC.
Notes to Condensed Consolidated Financial Statements (Unaudited)


(1)  The unaudited information furnished herein reflects all
  adjustments (consisting only of normal recurring adjustments)
  which are, in the opinion of management, necessary to present a
  fair statement of the results for the periods ended June 30, 1999
  and 1998.  The financial information contained herein represents
  condensed financial data and, therefore, does not include all
  footnote disclosures required to be included in financial
  statements prepared in conformity with generally accepted
  accounting principles. Certain amounts from previous periods have
  been reclassified to conform with the current presentation.
  Footnote information was included in financial statements
  included in the Company's 1998 Annual Report to Stockholders
  which was incorporated by reference in the Company's annual
  report on Form 10-K for the fiscal year ended December 31, 1998.
  The condensed financial data included herein should be read in
  conjunction with the information in the annual report.

(2)  Effective January  8, 1999,  the Company acquired  65% of
  the shares of Joyas y Cueros S.A. de Costa Rica ("Joyas"), a
  newly formed corporation located in Cartago, Costa Rica in
  exchange for approximately $1.7 million in cash, equipment and
  inventory. The minority shareholder contributed approximately $.9
  million in equipment and inventory.  Joyas presently manufactures
  women's jewelry and men's belts.  Substantially all of Joyas'
  revenue is derived from products manufactured for the Company and
  the results of Joyas' operations have been included in the
  Company's condensed consolidated financial statements from the
  transaction's effective date. The Condensed Consolidated
  Financial Statements include the accounts of Swank, Joyas, and a
  wholly-owned foreign sales corporation. All significant
  intercompany amounts have been eliminated. Accumulated other
  comprehensive income arises from the effects of currency
  translation.

(3)  During the six month period ended June 30, 1999, the Company
  has not incurred any material changes in commitments and
  contingencies set forth in Footnote I of the 1998 Annual
  Report to Stockholders.

(4)  The following table sets forth the computation of net income
  (loss) per share for the quarters ending June 30, 1999 and
  June 30, 1998 (in thousands, except for share and per share
  data):

<TABLE>

                                                         Quarter               Six Months
                                                      Ended June 30,         Ended June 30,
                                                   1999         1998        1999       1998
<S>                                        <C>          <C>          <C>         <C>
Numerator:
Net income (loss)                               $ (746)      $ (503)     $ (631)      $ 306

Denominators:
Shares used in computing net income per
 common share                               16,569,423   16,525,677  16,568,025  16,518,761
Effect of dilutive options                           0            0     161,295     118,534
Shares used in computing net income per     16,569,423   16,525,677  16,729,320  16,637,295
 common per share assuming dilution

Net income (loss) per common share              $ (.05)      $ (.03)     $ (.04)       $.02
Net income (loss) per common share              $ (.05)      $ (.03)     $ (.04)       $.02
 assuming dilution

</TABLE>

<PAGE>

Notes to Condensed Consolidated Financial Statements (Unaudited)
(continued)



(5)  Segment Information (in  thousands):

                                     Men's   Women's    Other  Consolidated
3 months ending June 30
1999
Revenue from external customers    $20,503   $10,988   $1,234       $32,725
Segment profit (loss) before tax      (647)     (810)     (51)       (1,508)

1998
Revenue from external customers    $21,823    $9,059   $1,295       $32,177
Segment profit (loss) before tax         8      (799)     (34)         (825)

6 months ending June 30
1999
Revenue from external customers    $42,503   $25,152   $2,269       $69,924
Segment profit (loss) before tax      (833)     (273)    (197)       (1,303)

1998
Revenue from external customers    $41,026   $22,432   $2,348       $65,806
Segment profit (loss) before tax       633        53     (185)          501


(6)  Effective January 1, 1999 the Company adopted the provisions
  of Statement of Position 98-1 "Accounting for the Costs of
  Computer Software Developed or Obtained for Internal Use"
  ("SOP 98-1") which establishes criteria for capitalizing
  internal and external costs associated with software
  development.  SOP 98-1 requires that the new accounting
  treatment be applied prospectively from the date of adoption.
  During the quarter and six months ended June 30, 1999, the
  Company capitalized software development costs pursuant to SOP
  98-1 which had the effect of increasing income before income
  taxes by $50,000 and $100,000, respectively, and net income by
  approximately $30,500 and $66,000, respectively. Exclusive of
  the effects of this change, the net loss per share and net
  loss per share assuming dilution would have been $.05 and
  $.05, respectively for the quarter and $.04 and $.04,
  respectively for the six months ended June 30, 1999.

(7)  Subsequent event.  On July 20, 1999, the Company settled a
  breach of contract action which had been initiated prior to June
  30, 1999.  As a result of the settlement, the Company recorded a
  non-recurring gain of $500,000 which  has been reflected in the
  Company's consolidated financial statements at June 30, 1999.


<PAGE>

Item 2. Management's Discussion and Analysis of the Financial
Condition and Results of Operations (continued)

Results of Operations


     As is customary in the fashion accessories industry, the
Company makes modifications to its lines coinciding with the
Spring (approximately January - June) and Fall (approximately
July - December) seasons. The Company believes that results of
operations are more meaningful on a seasonal basis than on a
quarterly basis.  The timing of shipments can be affected by the
availability of materials, retail sales and fashion trends. These
factors may shift  volume between quarters within a season
differently in one year than in another. Due to seasonality and
other factors, the results of the quarter are not necessarily
indicative of the results to be expected for the full year.


Net Sales

     Net sales for the quarter and six months ended June 30, 1999
were $32,725,000 and $69,924,000, respectively, an increase of
$548,000 or 1.7% and $4,118,000 or 6.3% compared to the quarter
and six months ended June 30, 1998, respectively.

     Included in net sales for both the quarter and six month
periods ending June 30 are annual second quarter adjustments to
record the variance between customer returns of prior year
shipments actually received in the current year and the estimate
used to establish the allowance for returns at the end of the
preceding fiscal year. At December 31, 1997, the allowance for
returns anticipated during the spring 1998 season was established
in consideration of new product lines for which initial shipments
were made in 1997 and for which the Company had no direct prior
experience. These adjustments increased net sales in both 1999
and 1998 as set forth in the following table:

                              Increase (Decrease) in net sales
                                 1999           1998         Change
Men's Accessories         $ (488,000)    $ 1,692,000  $ (2,180,000)
Women's Accessories          846,000         849,000        (3,000)
Total                     $  358,000     $ 2,541,000  $ (2,183,000)


    Net sales for Men's Accessories declined by $1,320,000 (6.0%)
and increased by $1,477,000 (3.6%) for the quarter and six months
ending June 30, 1999 respectively, both as compared to the
quarter and six months ending June 30, 1998.  Net sales for
Women's Accessories increased by $1,929,000 (21.3%) and
$2,720,000 (12.1%) for the quarter and six months ending June 30,
1999 respectively.

    The increase in net sales for Men's Accessories for six months
ending June 30, 1999 was primarily due to increased shipments of
belts during the first half of the year reflecting improved sales
to existing mass merchandising customers; increased sales of
excess and discontinued merchandise; and initial spring shipments
of the Company's Claiborne for Men line, which was introduced
last summer. In addition, the Company commenced shipments of a
new private-label personal leather goods program during the first
quarter of 1999.  The decrease in net sales for Men's Accessories
for the quarter ended June 30, 1999 was primarily due to the
returns adjustment described above, partially offset by increased
shipments of personal leather goods shipped under the new private-
label program.

<PAGE>

Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations (continued)

    Women's Accessories net sales increased during both the quarter
and six months ending June 30, 1999 principally due to initial
spring shipments of  the Kenneth Cole Women's jewelry line which
was first introduced to retailers last fall and higher sales of
out-of-line merchandise compared to the quarter and six months
ended June 30, 1998.  The Company also shipped increased
shipments during the quarter to certain new and existing private-
label customers in response to improved performance at retail of
current merchandise lines.


Gross Profit

    Gross profit for the quarter and six months ended June 30, 1999
decreased by  $1,704,000 or 12.9% and $1,792,000 or 6.5%
respectively,  compared to the quarter and year ended June 30,
1998.  Gross profit for Men's Accessories decreased by $1,678,000
for the quarter and by $1,578,000 for the six months ended June
30, 1999. Women's Accessories  gross profit increased by $37,000
for the quarter and decreased by $143,000 for the six months
ended June 30, 1999, both compared to the quarter and six months
ending June 30, 1998.  Gross profit as a percentage of net sales
fell to 35.3% from 41.2% for the quarter and to 36.6% from 41.6%
for the six months ending June 30, 1999, both compared to the
corresponding periods in 1998.

    Included in gross profit for both the quarter and six months
ending June 30, 1999, are annual second quarter adjustments to
record the variance between customer returns of prior year
shipments actually received in the current year and the allowance
for customer returns which was established at the end of the
preceding fiscal year. At December 31, 1997, the allowance for
returns anticipated during the spring 1998 season was established
in consideration of new product lines for which initial shipments
were made in 1997 and for which the Company had no direct prior
experience.  These adjustments increased gross profit in both
years as set forth in the following table:

                             Increase (Decrease) in gross profit
                                 1999          1998         Change
Men's Accessories         $ (305,000)   $ 1,155,000  $ (1,460,000)
Women's Accessories          577,000        633,000       (56,000)
Total                     $  272,000    $ 1,788,000  $ (1,516,000)

    Gross profit expressed as a percentage of net sales for Men's
Accessories fell to 32.1% from 37.8% for the quarter and to 32.6%
from 37.6% for the six months ending June 30,1999, both as
compared to 1998. The decline in gross profit for both the
quarter and six months was primarily attributable to increased
inventory-related costs associated with the disposition of excess
and discontinued merchandise at reduced margins and from a less
favorable sales mix. The decrease in gross profit was also due to
unfavorable overhead variances associated with a decrease in
production levels in response to current inventory requirements
for manufactured belts and jewelry.

    Gross profit expressed as a percentage of net sales fell to
39.2% for Women's Accessories from 47.1% for the quarter, and to
41.8% from 47.5% for the six months ending June 30, 1999.  The
decline in gross profit  in Women's Accessories during the
quarter was mainly due to higher inventory-related costs
resulting from an increase in sales of excess and discontinued
merchandise and to unfavorable manufacturing overhead variances.
The Company reduced production at its domestic jewelry
manufacturing facility during the quarter in response to ongoing
changes in product sourcing strategies. Gross profit for the six
months ending June 30, 1999 was also adversely affected by the
Company's share of the start-up losses associated with the
acquisition of Joyas y Cueros de Costa Rica, S.A.


<PAGE>

Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations (continued)


Selling and Administrative Expenses

     Selling and administrative expenses decreased by $946,000
(6.9%) for the quarter and increased by $167,000 (less than 1%)
for the six months ending June 30, 1999.  The decrease in selling
expenses for the quarter is principally due to annual second
quarter adjustments associated with recording the variance
between actual prior year in-store markdown and cooperative
advertising activity processed during the spring season compared
to the amounts used to establish the respective allowances at the
end of the preceding fiscal year.  Selling expenses for the
quarter were also favorably impacted by reductions in both
regional sales meeting costs and incentive compensation accruals,
both as compared to the quarter ending June 30, 1998. The
increase in selling expenses for the six months ending June 30,
1999 is primarily attributable to increases in variable costs
associated with higher sales and planned increases in advertising
expenditures, offset by the adjustments to the allowances for in-
store markdowns and cooperative advertising described above.
Advertising and promotional expenditures totaled 6.1% and 7.3% of
net sales for the quarters ended June 30, 1999 and June 30, 1998,
respectively and totaled 6.6% and 6.7% of net sales for the six
months ending June 30, 1999 and June 30, 1998, respectively. The
reduction in advertising expense expressed as a percentage of net
sales for both the quarter and six months ending June 30, 1999
primarily reflects the adjustment to the in-store markdown and
cooperative advertising allowances.

     Administrative expenses for the quarter ended June 30, 1999
decreased for both the quarter and six months ending June 30,
1999 compared to the corresponding periods in 1998.  The decrease
was primarily due to reduced expenses associated with certain
fringe benefit programs and reductions in current year accruals
for incentive compensation.  During the quarter, the Company
recorded an additional expense of $550,000 for severance benefits
associated with a voluntary workforce reduction program at one of
the Company's manufacturing facilities.  This expense was largely
offset by a gain of $500,000 recorded during the quarter in
connection with the settlement of litigation.


Interest Expense

     Net interest expense decreased by $32,000 during the quarter
and increased by $69,000 for the six months ending June 30, 1999
compared to the quarter and six months ending June 30, 1998,
respectively.  The reduction in net interest expense for the
quarter was primarily due to the effects of lower interest rates
offsetting higher average borrowing levels.  The increase for the
six months ending June 30, 1999 compared to prior year is
primarily due to  $78,000 in non-recurring interest income
recorded in the first quarter of 1998.


Provision for Income Taxes

     The Company recorded a benefit for income taxes on the
domestic pretax loss for the quarter and six months ended June
30, 1999 at approximately the blended state and federal statutory
rates.  No income tax benefit is anticipated on the losses
incurred by the Company's Costa Rican subsidiary.  For the six
months ending June 30, 1998, the Company recorded a provision for
income taxes at an effective rate of 39% which approximated
blended state and federal statutory rates.

<PAGE>

Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations (continued)


Liquidity and Capital Resources

     The Company's working capital decreased by $1,158,000 during
the six months ended June 30, 1999 compared to an increase of
$525,000 for the six months ending June 30, 1998.

     As is customary in the fashion accessories industry,
substantial percentages of the Company's sales and earnings occur
in the months of September, October and November, during which
the Company makes significant shipments of its products to
retailers for sale during the holiday season. As a result,
receivables peak in the fourth quarter. The Company builds its
inventory during the year to meet the demand for the holiday
season.  The required cash is provided by a revolving credit
facility.

     Cash used in operations for the quarter totaled $6,052,000
consisting primarily of the net loss from operations, increases
in prepaid taxes, accounts receivable balances, and inventories
and decreases in accounts payable and accrued liabilities, and
income taxes payable.  Accounts receivable increased $786,000
primarily due to increased sales during the quarter and to
seasonal reductions in allowances. Accounts receivable allowances
decreased due to actual charges processed for cash discounts, in-
store markdowns, cooperative advertising, and customer returns
primarily relating to 1998. These reductions are partially offset
by increases resulting from accruals associated with current
period sales activity.  Income taxes payable declined by
$1,888,000 after payments made during the quarter.  Inventory
levels increased by $393,000 during the six months ending June
30, 1999 compared to an increase of $7,935,000 for the six months
ending June 30, 1998 reflecting the Company's efforts to reduce
inventory levels and dispose of excess and out-of-line
merchandise.

     Cash used in investing activities was $1,197,000 for capital
expenditures and insurance premiums. Cash provided by financing
activities totaled $6,731,000 consisting primarily of net
borrowings under the Company's revolving credit agreement.  In
July 1999, the Company and its bank lender amended the Company's
revolving credit agreement to reflect, among other things, a
temporary increase of $3,000,000 in its revolving credit facility
for the fall 1999 season.

Year 2000

     Management's present assessment is that the Company
will be able to modify  its  significant  software systems on a
timely basis to make them Year 2000 compliant without material
effects on the Company's business or results of operations. This
assessment is unchanged from that previously reported.

     Management has completed the identification of date
issues associated with key applications software and the
necessary modifications are, for the most part, complete. Most of
the Company's applications software was internally developed and
the necessary modifications have been and are being made
utilizing internal resources.

     Through consultation with its vendors the Company
believes that the operating systems for key hardware components
are Year 2000 compliant. Assessment of the Company's network is
substantially complete and various components had been identified
as requiring upgrades from vendors. Certain operating system
upgrades were installed and substantially tested during the
quarter.  Additional testing is ongoing and is expected to be
completed by the end of the third quarter.

<PAGE>

Item 2. Management's Discussion and Analysis of Financial
Condition  and Results of Operations (continued)


     The process of identifying potential issues associated
with embedded technology or so-called non-IT systems has been
initiated.  Management has considered the Company's manufacturing
processes, the age of its facilities and the associated building
systems in determining that non-IT systems represent relatively
low risk.

     The Company's principal retail customers have been
extending the scope of their electronic interfaces with the
Company and management believes that this is likely to continue.
To date, these interfaces have consisted principally of sales
order entry transactions through Electronic Data Interchange
("EDI").  The Company has been able to respond to its customers'
Year 2000 requirements without material effects on the Company's
business or results of operations and management presently has no
reason to believe that the Company will not be able to continue
to do so.  The Company has installed Year 2000 compliant EDI
software.

     In September 1998, the Company implemented a program to
contact third parties with whom it has material business
relationships to obtain information and representations with
respect to the respective readiness of each for Year 2000.  Third
parties contacted include major customers, determined regardless
of whether there is an existing EDI relationship, major vendors
and suppliers of key services such as utilities,
telecommunications and banking. The Company has received
responses to most of these requests.

     Various third parties with whom the Company has material
business relationships have represented that they have programs
in place to attain Year 2000 compliance but with a completion
date in 1999. Since many of the Company's third party
relationships are with public companies the Company has
instituted a program to review their public filings with respect
to the Year 2000 issue. The most recent information that the
Company has reviewed is generally set forth in fiscal 1998 or
1999 year-end or first quarter fiscal 1999 or 2000 filings with
the Securities and Exchange Commission.  These filings reveal
that, in general, the companies have initiated testing of most
systems and expect to achieve compliance sometime prior to the
end of the third quarter of 1999.  The Company will continue to
update this process during 1999.  Management has determined that
for the time being it is in the best interest of the Company to
periodically monitor the progress of key vendors and suppliers by
obtaining updated representations and/or by review of their
public disclosures, where available.  The Company expects to
assess each individual case in the third  quarter of 1999 in
light of the information then available.

     With respect to material customers, management is relatively
less concerned about EDI transactions per se because of their
defined protocols, the utilization of generally available third
party translators and the ability to conduct mutual testing.
However,  there remains the risk that  EDI customers' may
experience other systems issues internal to them that disrupt the
functionality of otherwise Year 2000 compliant EDI systems.  A
significant disruption in EDI processing could materially impair
the Company's shipments. Management has determined that, for the
time being, it is in the best interest of the Company to
periodically monitor the progress of key customers by obtaining
updated representations and/or by review of their public
disclosures (see above), where available. Major customers'
progress will be reassessed in the third and fourth quarters of
1999 and, if issues remain, management anticipates the ability to
ameliorate the problem, at least temporarily, through development
of mutually agreed strategies which might include some
acceleration of order placement during 1999. January and February
are typically important cash flow months as the Company's retail
customers remit payments for their seasonally high pre-holiday
purchases. Irrespective of EDI, it is possible that the ability
of one or more material customers to process payments may be
impaired.  Management believes that the existing revolving line
of credit will be adequate for a number of months in the event of
unanticipated delays in customer remittances.

<PAGE>

Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations (continued)

     Presently, it is management's view that service providers
represent the greatest conceptual risk to material disruption in
the Company's operations. The Company is dependent upon utilities
and telecommunications entities for day-to-day operations as well
as upon the ability of its banks to provide cash receipts and
disbursements services as well as working capital. To the extent
that any of these entities are significantly impaired for more
than a relatively short period the corresponding impact on the
Company is likely to be material. Service providers are included
among the companies whose public filings the Company is reviewing
as described above.

     The Company has not yet developed a contingency plan and has
no definitive plans in this regard other than to quarterly
reassess the need to develop a formal plan during 1999. This
assessment will be based for the most part on the results of the
periodic monitoring of material third parties as described above
and the internal testing expected to be completed during the
third quarter.  Management notes that relatively modest actions
may be sufficient to significantly reduce certain risks to the
Company. For example, if it appears warranted, management has the
ability prior to year-end to accelerate procurement of
inventories that would otherwise take place in the first quarter.
In addition, management believes that alternative sources of
supply are readily available for most of its purchased materials
and finished products and that relationships with such sources
could be developed within a few months. Management believes that
the Company's seasonality with reduced activity in the first
quarter provides something of a buffer against the worst case
customer and service provider scenarios. The Company's exposure
to lost revenue and the risk of reduction in its other activities
will be significantly less in the first quarter of 2000 than in
the last quarter of 1999. January will be the first month in a
Year 2000 operating environment and January is historically a
relatively low volume month for the Company.

     As described above, most of the Company's applications
software was internally developed and the necessary modifications
have been and are being made utilizing existing internal
personnel resources. These resources are included in the
Company's recurring IT budget.  Management does not believe that
use of existing resources for Year 2000 remediation has been
materially detrimental to the completion of other significant IT
projects.  The Company has had to purchase specific Year 2000
upgrades with respect to certain third party software
applications. The aggregate cost of these upgrades through June
30, 1999 was approximately $75,000.  The Company' current
estimate for additional expenditures specifically required in
response to Year 2000  issues is $30,000, principally to make the
Company's network Year 2000  compliant.  However, it remains
possible that the planned testing process will reveal new areas
requiring expenditures.  The Company has been working toward
standard minimum personal computer  (PC) specifications and
common PC operating systems.  Acceleration of this program, if
any, required by Year 2000 considerations is not expected to be
significant.


"Forward Looking Statements"

      Certain of the preceding paragraphs contain "forward
looking statements" under the securities laws of the United
States. Actual results may vary from anticipated results as a
result of various risks and uncertainties, including sales
patterns, overall economic conditions, competition, pricing,
consumer buying trends and other factors.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

     During the six month period ended June 30, 1999, there were no
material changes in the information called for by this item from the
information contained in Item 7A of the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 1998.


<PAGE>

                 PART II - OTHER INFORMATION


Item 4.Submission of Matters to a Vote of Security Holders

     The Company's 1999 Annual Meeting of Stockholders (the  "Annual
Meeting") was held on April 22, 1999.   At the Annual Meeting,
stockholders:

(a)    Elected the following directors to serve as Class I
directors of the Company until the Company's 2002 Annual Meeting
of Stockholders and until the election and qualification of their
respective successors, by the following votes:

        Director                   For      Withheld
        Mark Abramowitz     14,017,825       438,724
        James Tulin         13,956,182       500,367


(b)    Approved the appointment of PricewaterhouseCoopers L.L.P. as
the independent accountants of the Company for the fiscal year
ending 1999, by the following vote:

            For           Against       Abstain
     14,209,246            65,080       182,223



Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibit No. Description

         4.0          First Amendment to Revolving Credit and Security
                      Agreement dated as of July 12, 1999 between the
                      Company and PNC Bank, National Association, as lender
                      and Agent.

         27.0         Financial data schedule.



(b)     Reports on Form 8-K - none


<PAGE>

                          SIGNATURES


Pursuant to the requirements 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.



                              SWANK, INC.
                              Registrant

                              /s/ Jerold R. Kassner
                              _____________________

                              Jerold R. Kassner
                              Senior Vice President,
                              Chief Financial Officer
                               And Treasurer


Date:    August 12, 1999