SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-Q


                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

For Quarter Ended:                                      Commission File No.:
  November 30, 1997                                               0-16442

                             FIRST TEAM SPORTS, INC.
             (Exact name of Registrant as specified in its charter)

    Minnesota                                                    41-1545748 
(State or other jurisdiction                                  (I.R.S. Employer
of incorporation or organization)                            Identification No.)

                               1201 Lund Boulevard
                             Anoka, Minnesota 55303
                    (Address of principal executive offices)
               Registrant's telephone number, including area code:

                                 (612) 576-3500

                     --------------------------------------

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 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 [ ]
                     ---------------------------------------

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as of the latest  practicable date:  5,792,240 shares of Common
Stock, $.01 par value per share, outstanding as of January 13, 1997.

<PAGE>

                                     PART I
                              FINANCIAL INFORMATION

Item 1.  Financial Statements
                             FIRST TEAM SPORTS, INC.
                           CONSOLIDATED BALANCE SHEETS
                     November 30, 1997 and February 28, 1997
<TABLE>
<CAPTION>
                                                        November 30,             February 28,
                    ASSETS                                  1997                     1997
                                                    ---------------------    ---------------------
                                                        (Unaudited)
<S>                                                           <C>                      <C>   
CURRENT ASSETS
  Cash and cash equivalents                                     $736,491                 $381,427
  Receivables:
    Trade, less allowance for
      doubtful accounts of $505,000 at
      November 30, 1997 and $565,000
      at February 28, 1997                                    13,427,238               17,039,679
      Refundable income taxes                                    677,162                  258,492
  Inventory                                                   23,085,684               20,881,845
  Prepaid expenses                                               341,327                  612,880
  Deferred income taxes                                          997,000                  997,000
                                                    ---------------------    ---------------------

    Total current assets                                     $39,264,902              $40,171,323
                                                    ---------------------    ---------------------

PROPERTY AND EQUIPMENT, at cost
  Land                                                          $600,000                 $600,000
  Building                                                     4,988,680                4,988,680
  Production equipment                                         5,294,048                4,715,979
  Office furniture and equipment                               2,046,050                1,754,017
  Warehouse equipment                                            826,509                  325,361
  Vehicles                                                       110,726                   19,567
                                                    ---------------------    ---------------------
                                                             $13,866,013              $12,403,604
  Less accumulated depreciation                                3,969,526                2,588,404
                                                    ---------------------    ---------------------

                                                              $9,896,487               $9,815,200
                                                    ---------------------    ---------------------

OTHER ASSETS
  License agreements, less accumulated
    amortization of $3,258,000 at November
    30, 1997 and $3,039,000 at February
    28, 1997                                                  $1,846,623               $2,065,611
  Other                                                        2,046,445                  291,367
                                                    ---------------------    ---------------------

                                                              $3,893,068               $2,356,978
                                                    ---------------------    ---------------------

                                                             $53,054,457              $52,343,501
                                                    =====================    =====================
</TABLE>

See Notes to Consolidated Financial Statements

<PAGE>
                             FIRST TEAM SPORTS, INC.
                     CONSOLIDATED BALANCE SHEETS (CONTINUED)
                     November 30, 1997 and February 28, 1997
<TABLE>
<CAPTION>
                                                         November 30,             February 28,
     LIABILITIES AND SHAREHOLDERS' EQUITY                   1997                     1997
                                                     ---------------------    ---------------------
                                                         (Unaudited)
<S>                                                          <C>                       <C> 

CURRENT LIABILITIES
  Notes payable to bank                                        $7,880,000               $5,319,250
  Current maturities of
    long-term debt                                              1,001,650                  662,414
  Accounts payable, trade                                       2,193,934                4,852,459
  Accrued expenses                                              1,589,719                1,415,511
  Income taxes                                                     70,924                        -
                                                     ---------------------    ---------------------

    Total current liabilities                                 $12,736,227              $12,249,634
                                                     ---------------------    ---------------------
LONG-TERM DEBT,
    less current maturities                                    $6,278,112               $6,217,936
                                                     ---------------------    ---------------------

DEFERRED INCOME TAXES                                            $530,000                 $530,000
                                                     ---------------------    ---------------------

DEFERRED REVENUE                                                 $600,000                 $600,000
                                                     ---------------------    ---------------------

SHAREHOLDERS' EQUITY
  Common Stock, par value $.01 per share; 
    authorized  10,000,000 shares; issued
    and outstanding 5,789,542 shares at 
    November 30, 1997, 5,749,796 shares at 
    February 28, 1997                                             $57,895                  $57,498
  Additional paid-in capital                                    9,797,405                9,586,340
  Retained earnings                                            23,082,448               23,102,093
  Currency Translation                                            (27,630)                     -
                                                     ---------------------    ---------------------

                                                              $32,910,118              $32,745,931
                                                     ---------------------    ---------------------

                                                              $53,054,457              $52,343,501
                                                     =====================    =====================

</TABLE>

See Notes to Consolidated Financial Statements
<PAGE>

                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                 Three months ended                             Nine months ended
                                                    November 30,                                  November 30,
                                             1997                  1996                    1997                  1996
                                      -------------------   --------------------    -------------------   --------------------
<S>                                          <C>                    <C>                    <C>                    <C> 
        Net sales                            $10,350,148            $16,656,582            $46,459,022            $62,878,324

        Cost of goods sold                     8,326,845             12,930,350             35,321,334             45,909,026
                                      -------------------   --------------------    -------------------   --------------------

            Gross profit                      $2,023,303             $3,726,232            $11,137,688            $16,969,298
                                      -------------------   --------------------    -------------------   --------------------
        Operating expenses:
          Selling                             $1,112,682             $1,519,682             $4,368,598             $5,865,148
          General and
            administrative                     2,269,461              1,587,956              6,031,022              5,009,314
                                      -------------------   --------------------    -------------------   --------------------

                                              $3,382,143             $3,107,638            $10,399,620            $10,874,462
                                      -------------------   --------------------    -------------------   --------------------

            Operating income                 ($1,358,840)              $618,594               $738,068             $6,094,836

        Other income
          (expense):
          Interest expense                      (237,394)              (334,757)              (760,684)            (1,060,938)
          Other                                        -                      -                      -                  3,254
                                      -------------------   --------------------    -------------------   --------------------
            Income/(loss) before 
              income taxes                   ($1,596,234)              $283,837               ($22,616)            $5,037,152

        Income taxes                            (548,972)               100,000                 (2,671)             1,787,000
                                      -------------------   --------------------    -------------------   --------------------
            Net income/(loss) for 
              the period                     ($1,047,262)              $183,837               ($19,945)            $3,250,152
                                      ===================   ====================    ===================   ====================

        Net income/(loss) per
          common share:                           ($0.18)                 $0.03                 ($0.00)                 $0.55
                                      ===================   ====================    ===================   ====================
        Weighted average
          number of common
          shares outstanding
          including Common
          Share equivalents                    5,872,910              5,832,643              5,764,680              5,903,226
                                      ===================   ====================    ===================   ====================
</TABLE>

        See Notes to Consolidated Financial Statements
<PAGE>


                             FIRST TEAM SPORTS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                For Nine Months Ended November 30, 1997 and 1996

                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                November 30,         November 30,
CASH FLOWS FROM OPERATING ACTIVITIES                              1997                   1996
                                                           -------------------    -------------------
<S>                                                                 <C>                   <C>    

   Net Income/(Loss)
   Adjustments required to reconcile net                             ($19,645)            $3,250,152
     income/(loss) to net cash provided by
     (used in) operating activities:
      Depreciation
      Amortization                                                  1,360,256              1,054,500
      Deferred income taxes                                           309,634                475,348
     Changes in assets and liabilities:                                  -                      -
       Receivables
       Inventories                                                  4,669,733             (2,349,710)
       Prepaid expenses                                            (1,760,749)             1,528,114
       Accounts payable                                               273,115                548,620
       Accrued expenses                                            (2,884,381)            (6,939,813)
       Income taxes                                                   174,208               (785,516)
                                                                      (17,188)               237,550
                                                           -------------------    -------------------
       Net cash provided by
         (used in) operating activities                            $2,104,983            ($2,980,755)
                                                           -------------------    -------------------

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of property and equipment
   Purchase of Hespeler Hockey Company                            ($1,384,465)           ($1,244,473)
   Purchase of Mothership Distribution, Inc.                       (1,632,482)                  -
   Other                                                             (285,460)                  -
                                                                     (217,066)               (34,893)
                                                           -------------------    -------------------

       Net cash used in investing activities                      ($3,519,473)           ($1,279,366)
                                                           -------------------    -------------------

CASH FLOWS FROM FINANCING ACTIVITIES
   Net proceeds on short-term borrowings                           $1,319,422             $3,491,250
   Proceeds on long-term borrowings                                 1,125,301
   Principal payments on long-term
     borrowings                                                      (725,888)              (739,437)
   Net proceeds from
     issuances of common stock 1997;
     10,169 shares, 1996; 17,750 shares                                56,683                176,494
                                                           -------------------    -------------------

       Net cash provided by
          financing activities                                     $1,775,518             $2,928,307
                                                           -------------------    -------------------

Effect of foreign currency exchange rate changes
   on cash and cash equivalents                                       ($5,964)                  -
                                                           -------------------    -------------------

       Increase (decrease) in cash and
         cash equivalents                                            $355,064            ($1,331,814)

Cash and cash equivalents:
   Beginning                                                         $381,427             $2,166,863
                                                           -------------------    -------------------

   Ending                                                            $736,491               $835,049
                                                           ===================    ===================
</TABLE>

See Notes to Consolidated Financial Statements
<PAGE>


                             FIRST TEAM SPORTS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1.

          The consolidated  condensed balance sheet as of November 30, 1997, and
the  consolidated  statements of operations for the  three-month  and nine-month
periods  ended  November  30, 1997 and  November  30, 1996 and the  consolidated
statements  of cash  flows  for the  nine-month  periods  then  ended  have been
prepared  by the  Company  without  audit.  In the  opinion of  management,  all
adjustments  (consisting only of normal recurring accruals) necessary to present
fairly the consolidated financial position, results of operations and cash flows
at November 30, 1997 and November  30, 1996 and for all periods  presented  have
been made. The operating  results for the period ended November 30, 1997 are not
necessarily  indicative  of the  operating  results to be expected  for the full
fiscal year.

          Certain  information  and footnote  disclosures  normally  included in
consolidated   financial   statements  in  accordance  with  generally  accepted
accounting principles have been condensed or omitted.

PER SHARE DATA

         In February  1997,  the  Financial  Accounting  Standards  Board issued
Statement  No. 128,  Earnings per Share,  which is required to be adopted at our
fiscal year end. At that time we will calculate  "basic" and "diluted"  earnings
per share and restate prior periods.  The changes from primary and fully diluted
earnings per share are expected to be negligible.

ACQUISITIONS

         In September 1997, the Company acquired substantially all of the assets
and liabilities of Hespeler Hockey Company,  and Mothership  Distribution,  Inc.
for  approximately  $1.9  million in cash and $150,000 of the  Company's  common
stock. The transactions  were accounted for as purchases and,  accordingly,  the
net assets  and  operation  results  are  included  in the  Company's  financial
statements  since  the  date  of  acquisition.  The  pro  forma  impact  of  the
acquisitions on the Company's results of operation for all periods presented was
not material.

<PAGE>


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

RESULTS OF OPERATIONS

         Net Sales.  Net sales were $10.4 million in the third quarter of fiscal
1998, a decrease of 38% over sales of $16.7 million in the comparable quarter of
fiscal  1997.  Net sales for the first  nine  months of fiscal  1998 were  $46.5
million,  compared to $62.9  million for the first nine months of fiscal 1997, a
decrease of 26%. In-line skate sales volume decreases,  combined with a decrease
in the  average  selling  price  of both  the  Company's  Skate  Attack(TM)  and
UltraWheels(TM)  lines,  were the  principal  factors in the Company's net sales
decline in the third quarter and  nine-month  period of fiscal 1998. The Company
experienced  continued  pricing  pressures  from all areas of the in-line  skate
marketplace  due  primarily to excess  inventory  levels held by  retailers  and
subsequent competitive price cutting.

         The Company's  product  groups consist of in-line  skates,  ice skates,
accessories and parts  (primarily  protective  wear and  replacement  wheels and
bearings) and roller hockey  products.  Within the product  groups,  the Company
maintains  an  UltraWheels(TM)  and  Skate  Attack(TM)  line  of  products.  The
UltraWheels(TM)  line consists of higher quality and higher priced products that
are targeted for specialty  and sporting  goods chain store  customers,  and the
Skate  Attack(TM)  line  consists of lower  priced  products  for mass  merchant
customers.  During  the third  quarter  the  Company  acquired  Hespeler  Hockey
Company,  a Canadian  based  company which  markets and  distributes  ice hockey
sticks and accessories (gloves and protective wear) and Mothership  Distribution
Inc., which markets and distributes aggressive in-line skate wheels, accessories
and  apparel.  Sales  in the  quarter  for both  Hespeler  and  Mothership  were
negligible.

         In-line  skates and parts and  accessory  sales  decreased 38% and 36%,
respectively,  from the third  quarter  of fiscal  1997 to fiscal  1998 and have
decreased 24% and 30%,  respectively,  from the nine month period of fiscal 1997
to fiscal 1998. Sales of in-line skates accounted for approximately 85% of total
sales in the  third  quarter  and for the nine  month  period  of  fiscal  1998,
compared  to 88% and 85%,  respectively,  in the third  quarter and for the nine
month  period  of fiscal  1997.  Sales of parts and  accessories  accounted  for
approximately 12% and 14%, respectively, of total sales in the third quarter and
for the nine month period of fiscal 1998, compared to 12% and 15%, respectively,
in the third quarter and for the nine month period of fiscal 1997.

         The Company  currently  distributes  products to more then 60 countries
worldwide. Domestic sales were $8.3 million, or 80% of total sales, in the third
quarter  and $32.2  million,  or 70% of total sales for the first nine months of
fiscal 1998,  compared to $13.5  million,  or 81% in the third quarter and $42.8
million or 68% for the nine month  period of fiscal  1997.  Sales in Canada were
$200,000, or 2%, and $5.7 million, or 12%,  respectively,  of total sales in the
third quarter and for the nine month period of fiscal 1998 compared to $400,000,
or 2%, and $4.1 million,  or 7%,  respectively,  in fiscal 1997. Sales in Europe
<PAGE>

were $400,000, or 4%, and $5.6 million, or 12%, respectively,  of total sales in
the third  quarter and for the nine month period of fiscal 1998 compared to $1.9
million, or 11%, and $10.5 million, or 17%, respectively,  in fiscal 1997. Other
international  sales  were  $1.2  million,  or 11%,  and  $2.7  million,  or 6%,
respectively,  of total sales in the third quarter and for the nine month period
of  fiscal  1998,  compared  to  $900,000,  or  5%,  and  $5.5  million,  or 9%,
respectively, in fiscal 1997.

         Several factors  contributed to the Company's sales  performance in the
third  quarter of fiscal 1998.  The decrease in domestic  sales is the result of
continued excess inventory levels at retail and competitive  price cutting which
continues to plague the in-line skate  industry.  The decrease in European sales
is primarily the result of a slow spring and summer retail environment caused by
inclement  weather  conditions,  which has resulted in excess  retail  inventory
levels.  The increase in other  international  sales is primarily  the result of
sales to some new key accounts in  Australia.  The decrease in the sales for the
nine month  period is primarily  the result of the  continued  excess  inventory
situation in the in-line skate industry both in the United States and worldwide.

         Gross Margin As a percentage  of net sales,  the gross margin was 19.6%
in the third  quarter of fiscal  1998  compared  to 22% in the third  quarter of
fiscal 1997.  The gross  margin as a percentage  of net sales for the nine month
period of fiscal 1998 was 24%,  compared to 27% for fiscal 1997. The decrease in
the gross margin in the third quarter and for the nine month period is primarily
due to competitive  close-out sales,  continued  pricing pressures at all retail
price points and  fluctuations  in certain foreign  currency rates,  principally
Canada.

         The Company's  UltraWheels(TM)  brand of in-line  skates  accounted for
approximately  51% and 62%,  respectively,  of total  in-line skate sales in the
third  quarter and for the nine month period of fiscal 1998  compared to 38% and
51%,  respectively,  in fiscal 1997,  while the Company's Skate Attack(TM) brand
accounted  for 49% and 38%,  respectively,  of total  in-line skate sales in the
third  quarter and for the nine month period of fiscal 1998  compared to 61% and
47%, respectively, in fiscal 1997.

         Operating  Expenses.  Selling expenses were $1.1 million, or 10.8% , of
total net sales in the third  quarter and $4.4  million,  or 9.4%,  of total net
sales for the nine month  period of fiscal  1998  compared to $1.5  million,  or
9.1%, in the third quarter and $5.9 million,  or 9.3%, for the nine month period
of fiscal 1997.  The decrease in selling  expenses for the third quarter and the
nine  month  period was  primarily  the result of a  reduction  in  commissions,
royalties and co-op advertising costs associated with the decreased sales volume
and management's efforts to closely monitor and control its expenditures.

         General and  administrative  expenses were $2.3 million,  or 21.9%,  of
total net sales in the third quarter and $6 million,  or 13%, of total net sales
for the nine month period of fiscal 1998, compared to $1.6 million, or 9.5 %, in
the third  quarter  and $5 million,  or 8%, for the nine month  period of fiscal
1997. The increase in general and  administrative  expenses in the third quarter
of fiscal 1998 was  primarily due to expenses  associated  with the purchases of
<PAGE>

the Company's two new  subsidiaries,  (Hespeler  Hockey  Company and  Mothership
Distribution  Inc.), costs associated with the Company's new European office and
increases  required in the bad debt reserve  allowance.  The increase in general
and  administrative  expenses  in the  nine  month  period  of  fiscal  1998 was
primarily due to an increase in expenses  associated with the Company's computer
systems,  an increase in the real estate  taxes  associated  with the  Company's
facility and the expenses  related to and  associated  with the purchases of the
Company's  two new  subsidiaries  and the opening of the  Company's new European
office.

         In  fiscal  1997  the  Company  purchased  a new  software  system  and
appropriate  computer hardware.  As part of the Company's  selection process the
ability to recognize the year 2000 was a major  requirement and thus the Company
believes it is prepared for the change and should incur minimal costs related to
this event.

         Other  Income and Expense.  Interest  expense was $237,000 in the third
quarter  and  $761,000  for the nine month  period of fiscal  1998,  compared to
$335,000 in the third quarter and $1,061,000 for the nine month period of fiscal
1997.  The decrease in interest  expense for the both the third  quarter and the
nine month  period is  primarily  due to a  reduction  of the  interest  expense
related  to the  Company's  line  of  credit  facility.  This  interest  expense
reduction is the result of  management's  continued  control over the  Company's
expenditures and cash management procedures, which has resulted in a decrease in
the average  outstanding balance on the Company's line of credit facility during
the third  quarter  and for the nine month  period of fiscal 1998 as compared to
the same periods of fiscal 1997.

         Net  Income/(Loss).  The  Company  had a net loss of  ($1,047,000),  or
($.18) per share, in the third quarter of fiscal 1998, compared to net income of
$184,000,  or $.03 per share,  in fiscal  1997.  The  Company  had a net loss of
($20,000)  for the nine month period of fiscal  1998,  compared to net income of
$3,250,000,  or $.55 per share,  in fiscal  1997.  The decrease for the both the
third  quarter and the nine month  period can be  attributed  to the decrease in
both the  sales  volume  and the  gross  margins,  along  with the  increase  in
operating expenses as discussed above.

LIQUIDITY AND CAPITAL RESOURCES

         Total cash and cash  equivalents were $736,491 as of November 30, 1997,
compared to $835,049 as of November  30,  1996.  Net cash  provided by operating
activities  was  $2,104,983  for the nine month period ended  November 30, 1997,
compared to net cash used in operating  activities of ($2,980,755)  for the nine
month period ended November 30,1996.  Net cash used in investing  activities was
($3,519,473)  for the nine month  period  ended  November  30,1997,  compared to
($1,279,366) for the nine month period ended November 30,1996. Net cash provided
by financing  activities was $1,775,518 for the nine month period ended November
30, 1997,  compared to $2,928,307  for the nine month period ended  November 30,
1996.
<PAGE>

         The net cash provided by operating activities for the nine month period
ended November 30, 1997 was primarily from a decrease in accounts receivable and
depreciation  and  amortization  being offset by an increase in inventory  and a
decrease in accounts payable. The decrease in accounts receivable was the result
of continued  collections  and a decrease in sales  activities.  The increase in
inventory  was due to the  decreased  sales  activity.  The decrease in accounts
payable was the result of the Company paying certain larger suppliers on shorter
terms to receive discounts and the reduced overall  inventory  purchases related
to the decreased sales volume. The net cash used in operating activities for the
nine month period  ended  November  30, 1996 was  primarily  from an increase in
accounts  receivable  and a decrease in  accounts  payable  being  offset by net
income,  depreciation and amortization and a decrease in inventory. The increase
in  accounts  receivable  was the  result of very  strong  sales in the month of
November  1996.  The  decrease  in  accounts  payable  was the result of reduced
purchases  due to declining  sales volume and the  seasonally  of the  inventory
purchases.  The decrease in inventory was primarily due to delays in the receipt
of the Company's new skate models.

         The net cash used in  investing  activities  for the nine month  period
ended November 30, 1997 was primarily for capital  expenditures  relating to new
production  tooling and warehousing  equipment and the purchase of the Company's
new subsidiaries Hespeler Hockey Company and Mothership  Distribution,  Inc. The
net cash used in investing  activities  for the nine month period ended November
30, 1996 was  primarily  for  capital  expenditures  relating to new  production
tooling and new computer hardware and software.

         The net cash provided by financing activities for the nine month period
ended  November 30, 1997 was primarily  from proceeds from the Company's line of
credit  facility and a new term note being  offset by payments on the  Company's
long-term  debt  obligations.  The  proceeds on the line of credit  facility was
primarily for the purchase of the Company's  new  subsidiaries  and the new term
note  was for the  financing  of new  production  tooling  costs.  The net  cash
provided by financing  activities  for the nine month period ended  November 30,
1996 was primarily from proceeds on the Company's line of credit  facility.  The
proceeds were required to finance the cash required from operating activities.

         The Company's  debt to worth ratio was .6 to 1 as of November 30, 1997,
February 28, 1997 and November 30, 1996. As of November 30, 1997,  the Company's
long-term  debt,  which  consists  primarily of a mortgage note on the Company's
facility and obligations  under  endorsement  license  agreements,  less current
maturities,  was $6,342,147. As of November 30,1997, the Company had a revolving
line of credit with a bank that provides for borrowings of up to $15,000,000, of
which $7,880,000 was outstanding.  In addition, the Company had a line of credit
established  with the bank  providing for borrowings of up to $1,000,000 for the
purchase of  equipment  and  improvements.  As of November  30, 1997 there was a
$700,000 balance outstanding on this credit facility.

         The Company  believes its current cash position,  funds available under
existing bank arrangements and cash generated from operations will be sufficient
to finance the Company's operating requirements through fiscal 1998.
<PAGE>

                                     PART II
                                OTHER INFORMATION



Item 6.   Exhibits and Reports on Form 8-K

          (a)  Exhibits.  See Exhibit Index immediately  following the signature
               page of this Form 10-Q.

          (b)  Reports  on Form 8-K.  No  reports  on Form 8-K were filed by the
               Registrant during the quarter to which this Form 10-Q relates.


<PAGE>


                                   SIGNATURES

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



                             FIRST TEAM SPORTS, INC.


                             By:  /s/ John J. Egart
                                  John J. Egart
                                  President and CEO



                         and By:  /s/ Robert L. Lenius, Jr.
                                  Robert L. Lenius, Jr.
                                  Vice President and CFO




Dated:   January 13, 1998


<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                           EXHIBIT INDEX TO FORM 10-Q

For Quarter Ended:                            Commission File No.:  0-16422
November 30, 1997
       -------------------------------------------------------------------

                             FIRST TEAM SPORTS, INC.
      -------------------------------------------------------------------
Exhibit         
Number          Description
-------         -----------

 3.1            Restated Articles of Incorporation -- incorporated by reference
                to Exhibit 3.1 to the Company's Form 10-K for the year ended
                February 28, 1997

 3.2            Bylaws -- incorporated by reference to Exhibit 3.2
                to the Company's Registration Statement on Form S-18  Reg. No.
                33-16345C

 4.1            Specimen of Common Stock Certificate -- incorporated
                by reference to 4.1 to the Registrant's Annual Report on Form
                10-K for the fiscal year ended February 28, 1991

 4.2            Certificate of Designations of Series A Preferred Stock(included
                 in Restated Articles of Incorporation -- see Exhibit 3.1)

 4.3            Rights Agreement dated as of March 15, 1996 between the
                Company and Norwest Bank Minnesota, N.A. as Rights Agent --
                incorporated by reference to Exhibit 2.1 to the Company's
                Registration Statement on Form 8-A, Reg. No. 0-16422

 4.4            Form  of  Right   Certificate  --   incorporated   by
                reference   to   Exhibit   2.2   to   the   Company's
                Registration Statement on Form 8-A, Reg.
                No. 0-16422

 4.5            Summary of Rights to Purchase Share of Series A Preferred Stock-
                incorporated by reference to Exhibit 2.3 to the Company's
                Registration Statement of Form 8-A, Reg. No. 0-16422


 27             Financial Data Schedule (included in electronic version only)