Exhibit 14

                          Blount International, Inc.
                      Code of Ethics for Covered Officers


1.   INTRODUCTION

          Blount International, Inc. ("Blount") is publishing this Code of
Ethics (the "Code") in order to provide the Chief Executive Officer, Chief
Financial Officer and Controller (or persons performing similar functions)
(the "Covered Officers") with clear guidance as to their conduct as officers
of Blount. While covering a wide range of business practices and procedures,
this Code cannot and does not cover every specific issue that may arise, or
every specific situation in which ethical decisions must be made. Rather, this
Code sets forth key guiding principles of business conduct that Blount expects
of the Covered Officers, which principles underscore Blount's commitment to
conduct its business in compliance with all applicable laws and regulations
and with the highest ethical standards. These principles are intended to
provide guidance to the Covered Officers in handling any and all situations
and issues that may arise during the Covered Officers' performance of their
duties as officers of Blount. This Code is intended to be our Code of Ethics
for the Chief Executive Officer and the Senior Financial Officers pursuant to
the provisions of Section 406 of the Sarbanes-Oxley Act of 2002 and related
rules of the U.S. Securities and Exchange Commission.

2.   HONESTY AND ETHICAL CONDUCT

          Each Covered Officer owes a duty to Blount to act honestly and
ethically. Deceit and subordination of principle are inconsistent with honest
and ethical conduct. Each Covered Officer must be honest and candid while
still maintaining the confidentiality of information where required or
consistent with Blount's policies, and each Covered Officer must adhere to a
high standard of business ethics in the performance of each of his or her
duties as an officer of Blount (including the handling of actual or apparent
conflicts of interest).


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3.   FULL, FAIR, ACCURATE, TIMELY AND UNDERSTANDABLE PUBLIC DISCLOSURE

          Blount is committed to providing information about Blount and its
subsidiaries to the public in a manner that is consistent with all applicable
legal and regulatory requirements and that promotes investor confidence by
facilitating fair, orderly and efficient behavior. Therefore, each Covered
Officer is responsible for ensuring that all disclosures made in all periodic
reports and documents filed with the Securities and Exchange Commission, and
all other public communications by Blount, are full, fair, accurate, timely
and understandable. In furtherance thereof, each Covered Officer should (i) be
familiar with and comply with the disclosure requirements applicable to Blount
and (ii) not knowingly misrepresent, or cause others to misrepresent, facts
about Blount and its subsidiaries, whether to internal or external persons or
parties (including Blount's Independent Auditors, governmental regulators and
the New York Stock Exchange).

          In addition, in order to satisfy the disclosure obligations referred
to above, Blount is required by law to keep accurate and complete company
books, records, and accounts to reflect Blount's transactions and is required
to maintain an adequate system of internal controls for all of its business
transactions, records and accounts. Therefore, Blount's books and records must
exhibit the highest degree of integrity. The Covered Officers should, to the
extent appropriate within their area or responsibility, consult with other
officers and employees of Blount and take other appropriate steps regarding
such books, records and accounts with the goal of making Blount's books,
records and accounts complete, accurate, and supported by appropriate
documents in auditable form.


          The Covered Officers shall promptly bring to the attention of the
Senior Vice President and General Counsel of Blount (the "General Counsel")
and the Audit Committee any information to which they have actual knowledge
concerning (i) significant deviations in the


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design or operation of internal controls which could adversely affect Blount's
ability to record, process, summarize and report financial data or (ii) any
fraud, whether or not material, that involves management or other employees
who have a significant role in Blount's financial reporting, disclosures or
internal controls.

4.   COMPLIANCE WITH LAWS, RULES AND REGULATIONS

          Blount is strongly committed to conducting its business affairs with
honesty and integrity and in full compliance with all applicable laws, rules
and regulations, wherever business is conducted. No Covered Officer may
violate any applicable law, rule or regulation, or instruct or authorize
others to do so, for any reason in connection with any act, decision or
activity that is or may appear to be related to such Covered Officer's
employment by or position with Blount. In some instances, laws, rules and
regulations may be ambiguous and difficult to interpret. In such cases, a
Covered Officer should seek legal advice through Blount's Legal Department in
order to ensure that he or she in compliance with this policy as it pertains
to legal matters and that both the Covered Officer and Blount are observing
and obeying all applicable laws, rules and regulations. Covered Officers who
have knowledge of material nonpublic information are prohibited from trading
in securities of Blount or another company who may be the subject of such
information (including customers, partners or suppliers) and should not pass
along such information to anyone else who does not have a need to know.

5.   CONFLICT OF INTEREST

          The term "conflict of interest" describes any circumstance in which
a Covered Officer's personal interests, relationships or activities, or those
of a member of such Covered Officer's immediate family, interfere or conflict,
or appear to interfere or conflict, with the interests of Blount. Activities
which involve the unauthorized use of Blount time, equipment, or


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information, which significantly interfere with job performance, which could
damage the Covered Officer's or Blount's good reputation, or which otherwise
conflict or compete with Blount's business interests, are examples of
conflicts of interest. In essence, a Covered Officer should not use his or her
position or the assets or influence of Blount for personal advantage or for
the advantage of immediate family members to the detriment of Blount, and
should always act in the best interests of Blount. Covered Officers should not
take for themselves personally opportunities that are discovered through the
use of corporate property, information or position. Blount is prohibited from,
directly or indirectly, extending or maintaining credit (or arranging for an
extension of credit) in the form of a personal loan to any Covered Officer.

          Each Covered Officer should avoid conflicts of interest wherever
possible, and should discuss any material transaction or relationship that
could reasonably be expected to give rise to a conflict of interest (or any
situation which accidentally or unexpectedly gives rise to a conflict of
interest) with the General Counsel, and upon the General Counsel's
recommendation, with the Audit Committee.

6.   REPORTING AND ACCOUNTABILITY

          Situations that may involve a violation of ethical principles, laws
or this Code may not always be clear and may require difficult judgments.
Covered Officers who have concerns or questions about violations of laws,
rules or regulations or of this Code, should seek the advice of the General
Counsel. If the General Counsel has concerns or questions about the rules and
regulations set forth in this Code, or the interpretation thereof, he or she
should seek the guidance of the Audit Committee.

          The Audit Committee is responsible for applying this Code to
specific situations in which questions are presented to it and has the
authority to interpret this Code in any particular situation. Each Covered
Officer must (i) notify the General Counsel promptly of any existing or


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potential violation of this Code (failure to do so is itself a violation of
this Code) and (ii) not retaliate against any officer or employee for reports
of potential violations that are made in good faith. Other persons who have
knowledge of any existing or potential violation of this Code by a Covered
Officer should promptly notify the General Counsel.

          Blount will follow the following procedures in investigating and
enforcing this Code and in reporting on the Code: (i) violations and potential
violations will be reported by the General Counsel to the Audit Committee
after appropriate investigation, (ii) the Audit Committee shall take all
action it considers appropriate to investigate any violations reported to it,
(iii) if the Audit Committee determines that a violation has occurred, it will
inform the Board of Directors of Blount and (iv) upon being notified that a
violation has occurred, the Board of Directors will take such disciplinary or
preventive action as it deems appropriate, up to and including dismissal or,
in the event of criminal or other serious violations of law, notification to
the Securities and Exchange Commission or other appropriate law enforcement
authorities.

7. WAIVERS AND AMENDMENTS

          Any waiver of this Code relating to a Covered Officer may be made
only by the Audit Committee or the Board of Directors. Management shall
periodically review and reassess the adequacy of this Code and shall recommend
changes to the Board for approval. The Board reserves the right to amend this
Code from time to time as its determines to be desirable or appropriate.
Amendments to or waivers of the provisions in this Code for Covered Officers
will promptly be disclosed to Blount's investors in accordance with all
applicable laws and regulations.