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                                                                  EXHIBIT 4.1(t)

                  [LETTERHEAD OF THE CIT GROUP APPEARS HERE]

                                        

                                                March 18, 1997

J.S. OSHMAN AND CO., INC.
OSHMAN SPORTING GOODS CO., ALABAMA
OSHMAN SPORTING GOODS CO., ARIZONA
OSHMAN SPORTING GOODS CO., ARKANSAS
OSHMAN SPORTING GOODS CO., CALIFORNIA
OSHMAN SPORTING GOODS CO., COLORADO
OSHMAN SPORTING GOODS CO., FLORIDA
OSHMAN SPORTING GOODS CO., GEORGIA
OSHMAN SPORTING GOODS CO., HAWAII
OSHMAN SPORTING GOODS CO., KANSAS
OSHMAN SPORTING GOODS CO., LOUISIANA
OSHMAN SPORTING GOODS CO., MICHIGAN
OSHMAN SPORTING GOODS CO., MINNESOTA
OSHMAN SPORTING GOODS CO., MISSOURI
OSHMAN SPORTING GOODS CO., NEVADA
OSHMAN SPORTING GOODS CO., NEW JERSEY
OSHMAN SPORTING GOODS CO., NEW MEXICO
OSHMAN SPORTING GOODS CO., NEW YORK
OSHMAN SPORTING GOODS CO., OHIO
OSHMAN SPORTING GOODS CO., OKLAHOMA
OSHMAN SPORTING GOODS CO., OREGON
OSHMAN SPORTING GOODS CO., SOUTH CAROLINA
OSHMAN SPORTING GOODS CO., TENNESSEE
OSHMAN SPORTING GOODS CO., TEXAS
OSHMAN SPORTING GOODS CO., UTAH
OSHMAN SPORTING GOODS CO., WASHINGTON
OSHMAN'S SKI SKOOL, INC.
OSHMAN'S SPORTING GOODS, INC. - SERVICES
       (collectively, the "Companies")
2302 Maxwell Lane
Houston, Texas 77023
Attn: Chief Financial Officer
       and Vice President

       Re:  Financing Agreement dated as of August 31, 1992, by and among the
            Companies and The CIT Group/Business Credit, Inc. ("CITBC"), as
            amended from time to time

Gentlemen:

       Reference is made to that certain Financing Agreement dated as of August 
31, 1992, by and among the Companies and CITBC, as amended from time to time (as
amended, the "Agreement"). All capitalized terms used but not defined herein 
shall have the meanings assigned to them in the Agreement.



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     The Parent and Companies have informed CITBC that the Companies are in 
violation of (i) Paragraph 9 of Section 6 of the Agreement by failing to 
maintain a Net Worth, for the Parent and Subsidiaries on a consolidated basis, 
of at least $56,600,000 for the fiscal year ended February 1, 1997, and (ii) 
Paragraph 10(I) of Section 6 of the Agreement by permitting EBITDA, for the 
Parent and its Subsidiaries on a consolidated basis, to be less than $5,000,000 
on a cumulative year-to-date basis as of the fiscal quarter ended February 1, 
1997, and have requested that CITBC waive these violations.

     CITBC hereby waives the violation of Paragraph 9 of Section 6 of the 
Agreement resulting from the Parent's and the Companies' failure to maintain a 
Net Worth of at least $56,600,000 for the fiscal year ended February 1, 1997, 
and the violation of Paragraph 10(I) of Section 6 of the Agreement resulting 
from Parent's and the Companies' permitting EBITDA on a cumulative year-to-date 
basis as of the fiscal quarter ended February 1, 1997 to be less than $5,000,000
(together, the "Violations"). The waiver contained in this letter applies only 
to the Violations to the extent described above and nothing contained in this 
letter or any other communication between CITBC  and the Companies shall be a 
waiver of any other present or future violation, Default or Event of Default 
under the Agreement or any other Loan Document (collectively, "Other 
Violations").

     Additionally, effective upon execution of this letter by CITBC and the 
Companies, the Agreement is hereby amended as follows:

     (1)  The definition of "Availability Reserve" set forth in the Agreement is
     hereby amended and restated to read in its entirety as follows:

          "AVAILABILITY RESERVE shall mean at any time of determination an
          amount equal to the sum of (i) the then undrawn amount of all
          outstanding Letters of Credit, plus (ii) a thirty-two and one-half
          percent (32.5%) reserve against the cost of inventory located in the
          traditional stores (i.e., stores other than those having a tradename
          of "Oshman's Supersports" or "Supersports U.S.A.") scheduled to be
          closed during the fiscal year 1997, such reserve to remain in place
          until the liquidation process is complete."

     (2) Paragraph 1 of Section 7 of the Agreement is hereby amended by (i)
     deleting the words "zero percent (0%)" from clause (a) of the first
     sentence of said Paragraph and inserting the words "three-eighths of one
     percent (.375%)" in their place, and (ii) deleting the words "two and one-
     half percent (2.50%)" from clause (b) of the first sentence of said
     Paragraph and inserting the words "two and seven-eighths percent (2.875%)"
     in their place.

     Nothing contained in this letter shall directly or indirectly in any way 
whatsoever either: (i) impair, prejudice or otherwise adversely affect CITBC's 
right at any time to exercise any right, privilege or remedy in connection with 
the Agreement or any other Loan Document with respect to any Other Violations, 
(ii) amend or alter any provision of the Agreement or any other Loan Document or
any other contract or instrument, or (iii) constitute any course of dealing or 
other basis for altering any obligation of the Companies under the Loan 
Documents or any right, privilege or remedy of CITBC under the Agreement or any 
other Loan Documents or any other contract or instrument with respect to Other 
Violations. Nothing in this letter shall be construed to be a consent by CITBC 
to any Other Violations.




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     This letter may be executed in any number of counterparts, each of which 
when so executed and delivered shall be deemed to be an original and all of 
which counterparts taken together shall constitute one and the same instrument.


     This letter is executed as of the 18th day of March, 1997.


                                        Very truly yours,


                                        THE CIT GROUP/BUSINESS CREDIT, INC.


                                        By:     /s/ PAMELA WOZNIAK
                                                _________________________
                                        Name:   Pamela Wozniak
                                                _________________________
                                        Title:  AVP
                                                _________________________

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AGREED AND ACKNOWLEDGED:

J.S. OSHMAN AND CO., INC.
OSHMAN SPORTING GOODS CO., ALABAMA
OSHMAN SPORTING GOODS CO., ARIZONA
OSHMAN SPORTING GOODS CO., ARKANSAS
OSHMAN SPORTING GOODS CO., CALIFORNIA
OSHMAN SPORTING GOODS CO., COLORADO
OSHMAN SPORTING GOODS CO., FLORIDA
OSHMAN SPORTING GOODS CO., GEORGIA
OSHMAN SPORTING GOODS CO., HAWAII
OSHMAN SPORTING GOODS CO., KANSAS
OSHMAN SPORTING GOODS CO., LOUISIANA
OSHMAN SPORTING GOODS CO., MICHIGAN
OSHMAN SPORTING GOODS CO., MINNESOTA
OSHMAN SPORTING GOODS CO., MISSOURI
OSHMAN SPORTING GOODS CO., NEVADA
OSHMAN SPORTING GOODS CO., NEW JERSEY
OSHMAN SPORTING GOODS CO., NEW MEXICO
OSHMAN SPORTING GOODS CO., NEW YORK
OSHMAN SPORTING GOODS CO., OHIO
OSHMAN SPORTING GOODS CO., OKLAHOMA
OSHMAN SPORTING GOODS CO., OREGON
OSHMAN SPORTING GOODS CO., SOUTH CAROLINA
OSHMAN SPORTING GOODS CO., TENNESSEE
OSHMAN SPORTING GOODS CO., TEXAS
OSHMAN SPORTING GOODS CO., UTAH
OSHMAN SPORTING GOODS CO., WASHINGTON
OSHMAN'S SKI SKOOL, INC.
OSHMAN'S SPORTING GOODS, INC. - SERVICES


By:    /s/ A. Lynn Boerner
       -----------------------
Name:  A Lynn Boerner
       -----------------------
Title: VP. CAO
       -----------------------

OSHMAN'S SPORTING GOODS, INC., in its capacity as Guarantor, hereby acknowledges
  and consents to the foregoing.


By:    /s/ A. Lynn Boerner
       -----------------------
Name:  A Lynn Boerner
       -----------------------
Title: VP. CAO
       -----------------------