SWANK, INC.
          1994 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN
              NON-QUALIFIED STOCK OPTION CONTRACT


      THIS NON-QUALIFIED STOCK OPTION CONTRACT entered into as of
the  22nd  day  of  April 1999, between Swank, Inc.,  a  Delaware
corporation  (the  "Company"), and     John  J.  Macht       (the
"Optionee").

                      W I T N E S S E T H

       1.    The  Company,  in  accordance  with  the  terms  and
conditions of the 1994 Non-Employee Director Stock Option Plan of
the  Company  (the "Plan"), grants as of April 22,  1999  to  the
Optionee  an option to purchase an aggregate of 5,000  shares  of
the  Common  Stock,  $.10 par value per  share,  of  the  Company
("Common  Stock"), at $1.219 per share, being 100%  of  the  fair
market value of such shares of Common Stock on such date.

     2.   The term of this option shall be 5 years from April 22,
1999, subject to earlier termination as provided in this Contract
and in the Plan.  This option shall be immediately exercisable as
to 100% of the number of shares of Common Stock subject hereto.

     3.   This option shall be exercised by giving written notice
to the Company at its principal office, presently 6 Hazel Street,
Attleboro,   Massachusetts  02703-0962,   Attention:   Treasurer,
stating  that  the  Optionee  is exercising  this  stock  option,
specifying  the number of shares being purchased and  accompanied
by  payment  in full of the aggregate purchase price  thereof  in
cash  or  by  check.  In no event may a fraction of  a  share  of
Common Stock be purchased under this option.

     4.   Notwithstanding the foregoing, and without limiting the
provisions of paragraph 11 of the Plan, this option shall not  be
exercisable  by the Optionee unless (a) a registration  statement
under  the  Securities Act of 1933, as amended  (the  "Securities
Act")  with respect to the shares of Common stock to be  received
upon the exercise of the option shall be effective and current at
the   time  of  exercise  or  (b)  there  is  an  exemption  from
registration  under the Securities Act for the  issuance  of  the
shares  of  Common Stock upon exercise.  At the  request  of  the
Board of Directors, the Optionee shall execute and deliver to the
Company  his  representation and warranty, in form and  substance
satisfactory to the Board of Directors, that the shares of Common
Stock  to  be  issued upon the exercise of the option  are  being
acquired by the Optionee for his own account, for investment only
and not with a view to the resale or distribution thereof without
the  meaning  of  the Securities Act.  Nothing  herein  shall  be
construed  so as to obligate the Company to register  the  shares
subject to the option under the Securities Act.


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      5.   Notwithstanding anything herein to the contrary, if at
any   time  the  Board  of  Directors  shall  determine,  in  its
discretion,  that the listing or qualification of the  shares  of
Common Stock subject to this option on any securities exchange or
under  any  applicable law, or the consent  or  approval  of  any
governmental  regulatory body, is necessary  or  desirable  as  a
condition  of, or in connection with, the granting of an  option,
or  the  issue of shares of Common Stock thereunder, this  option
may  not  be  exercised in whole or in part unless such  listing,
qualification,  consent or approval shall have been  effected  or
obtained  free of any conditions not acceptable to the  Board  of
Directors, in its discretion.

      6.    Nothing in the Plan or herein shall confer  upon  the
Optionee any right to continue as a director of the Company.

      7.    The  Company may endorse or affix appropriate legends
upon  the  certificates for shares of Common  Stock  issued  upon
exercise  of  this  option  and may issue  such  "stop  transfer"
instructions to its transfer agent in respect of such  shares  as
it  determines, in its discretion, to be necessary or appropriate
to  (a) prevent a violation of, or to perfect an exemption  from,
the  registration  requirement of  the  Securities  Act,  or  (b)
implement the provisions of the Plan or any agreement between the
Company  and the Optionee with respect to such shares  of  Common
Stock.

      8.   The Company and the Optionee agree that they will both
be subject to and bound by all of the terms and conditions of the
Plan,  a  copy of which is attached hereto and made part  hereof.
In  the event the Optionee is no longer a director of the Company
or  in  the event of his death or disability (as defined  in  the
Plan),  his rights hereunder shall be governed by and be  subject
to  the  provisions  of the Plan.  In the  event  of  a  conflict
between the terms of this Contract and the terms of the Plan, the
terms of the Plan shall govern.

      9.   The Optionee represents and agrees that he will comply
with  all applicable laws relating to the Plan and the grant  and
exercise  of  the  option and the disposition of  the  shares  of
Common  Stock  acquired  upon exercise of the  option,  including
without  limitation, federal and state securities and "blue  sky"
laws.

     10.  This option is not transferrable otherwise than by will
or  the  laws  of descent and distribution and may be  exercised,
during  the  lifetime of the Optionee, only by him or  his  legal
representatives.

      11.   This Contract shall be binding upon and inure to  the
benefit  of  any successor or assign of the Company  and  to  any
heir, distributee, executor, administrator or legal
representative  entitled  under  the  Plan  and  by  law  to  the
Optionee's rights hereunder.


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      12.   This  Contract shall be governed by and construed  in
accordance with the laws of the State of Delaware.

      13.   The invalidity or illegality of any provision  herein
shall not affect the validity of any other provision.

     14.  The Optionee agrees that the Company may amend the Plan
and  the  options granted to the Optionee under the Plan, subject
to the limitations contained in the Plan

      IN  WITNESS WHEREOF, the parties hereto have executed  this
contract as of the day and year first above written.

                                   SWANK, INC.



                                   By:  /s/ John Tulin

                                   Its:       President


                                   /s/ John J. Macht, President
                                             Optionee


                                           The Macht Group

                                      99   High  St.,  20th   Fl.
                                               Address

                                        Boston, MA 02110



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