EXHIBIT 10(z)
                           BLOUNT, INC.
              SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                        GERALD W. BERSETT



1.   Purpose - The purpose of this Supplemental Executive
     Retirement Plan (SERP) is to provide Gerald W. Bersett with a
     retirement benefit payable as a supplement to his vested
     benefit under The Blount Retirement Plan.

2.   Definitions

     a.   Blount Plan is The Blount Retirement Plan, as amended and
          restated effective January 1, 1995, including any future
          amendments or restatements adopted and effective while
          Gerald W. Bersett is an employee of Blount, Inc.

     b.   Disability shall mean periods of time during which
          (i)  Gerald W. Bersett is totally and permanent disabled, and
          (ii) Gerald W. Bersett is receiving Social Security
               disability benefits.

     c.   Effective Date of this SERP is May 11, 1998.

     d.   Excess Benefit Plan is the Blount, Inc. and Subsidiaries
          Supplemental Retirement Benefit Plan, as in effect on
          November 3, 1995, including any future amendments or
          restatements adopted and effective while Gerald W.
          Bersett is an employee of Blount, Inc.

     e.   Normal Retirement Date is October 16, 2005.

     f.   SERP is this Supplemental Executive Retirement Plan
          sponsored by Blount, Inc. for Gerald W. Bersett.

     g.   Termination Date is the date on which the employment
          relationship between Gerald W. Bersett and Blount, Inc.
          (including any "affiliated company" as that term is
          defined in the Blount Plan) ceases.

3.   Years of Benefit Service shall mean the years of benefit
     service granted to Gerald W. Bersett under this SERP and the
     years of "Benefit Service" (as that term is defined in the
     Blount Plan) granted to Gerald W. Bersett under the Blount
     Plan.  Years of Benefit Service shall be determined in
     accordance with the following schedule:

Age   Years of Benefit      Years of Benefit     Total Years of Vested
      Service under the      Service under          Benefit Service
        Blount Plan             the SERP

58            1          +          0          =         0
59            2          +          0          =         0
60            3          +          0          =         0
61            4          +          0          =         0
62            5          +          7          =         12
63            6          +          8          =         14
64            7          +          9          =         16
65            8          +          10         =         18


Years of Benefit Service under the SERP shall continue to accrue
during any period of Disability provided that Years of Benefit
Service continue to accrue under the Blount Plan.

4.   Vested Retirement Benefits payable under this SERP shall equal
     (a) less (b) where:

     (a)  is the monthly retirement income that would be payable to
          Gerald W. Bersett under the provisions of the Blount
          Plan, assuming

          (i)  that in determining the fraction for purposes of
               Section 6.1(a)(i) of the Blount Plan, the numerator
               shall be his total Years of Benefit Service
               determined in accordance with paragraph 3 at his
               age when his employment terminates and the
               denominator of which is 18; and

          (ii) that the Blount Plan does not contain the
               limitation on compensation imposed by Section
               401(a)(17) of the Internal Revenue Code or the
               limitation on benefits imposed by Section 415 of
               the Internal Revenue Code;

     and

     (b)  is the sum of (i) and (ii) where

          (i)  is the monthly retirement income actually payable
               to Gerald W. Bersett under the Blount Plan; and

          (ii) is the monthly retirement income actually payable
               to Gerald W. Bersett under the Excess Benefit Plan.

     Vested retirement benefits are payable on or after Gerald W.
     Bersett's Termination Date provided he has obtained a fully
     vested interest under the Blount Plan.  No benefits shall be
     payable under this SERP until Gerald W. Bersett has obtained
     a fully vested interest under the Blount Plan.  No benefits
     are payable during continued employment.  The above benefit is
     on a life annuity basis.  If an optional form of benefit is
     desired, the benefit above will be adjusted by the actuarial
     factors used by the Blount Plan.  In determining benefits
     under this paragraph, amounts described in paragraphs (b)(i),
     (b)(ii) and (b)(iii) above that are paid in a form other than
     a straight life annuity shall be valued as a straight life
     annuity using the actuarial factors used by the Blount Plan.

5.   Gerald W. Bersett shall receive the following benefits as
     described in the Blount Plan, which benefits shall be
     calculated on the basis of the benefit formula set forth in
     paragraph 4 above:

     a.   Benefits due to the pre-retirement death of Gerald W.
          Bersett;
     
     b.   Normal and optional forms of payment under the Blount
          Plan provided that the form of payment under this SERP
          shall be the same as the form of payment elected by
          Gerald W. Bersett under the Blount Plan;

     c.   If Gerald W. Bersett elects for payment of his vested
          retirement benefits to commence prior to his Normal
          Retirement Date but after 10 Years of Benefit Service as
          determined under paragraph 3, his vested retirement
          benefits will be reduced by .3% for each full month by
          which the date his benefits begin precedes his Normal
          Retirement Date.  If Gerald W. Bersett has less than 10
          Years of Benefit Service, his vested retirement benefits
          shall be reduced on an actuarially equivalent basis using
          the actuarial factors used by the Blount Plan.

6.   Non-Alienation of Benefits - To the maximum extent permitted
     by law, no benefit under this SERP shall be assignable or
     subject in any manner to alienation, sale, transfer, claims of
     creditors, pledge, attachment or encumbrances of any kind.

7.   Administration - The Board of Directors of Blount, Inc. or at
     its discretion, the Compensation Committee of the Board of
     Directors, shall administer, construe, and interpret this
     SERP.  No member of the Board of Directors or the Committee,
     as the case may be, shall be liable for any act done or
     determination made in good faith.  The construction and
     interpretation by the Board of Directors or the Committee of
     any provisions of this SERP shall be final and conclusive. 
     The Board of Directors or the Committee may, in its
     discretion, delegate its duties to an officer or employee or
     committee composed of officers or employees of Blount, Inc.

8.   Amendment or Termination - The Board of Directors and Gerald
     W. Bersett may amend this SERP from time to time in any
     respect with the consent of the other party.  This SERP may
     not be terminated without the consent of Blount, Inc. through
     its Board of Directors or its designated Committee or officer
     and Gerald W. Bersett.

9.   Construction of the SERP - This SERP is unfunded.  This SERP
     shall be so construed that it will be maintained primarily for
     the purpose of providing certain retirement, death and
     disability benefits for Gerald W. Bersett.

     This SERP and the rights and obligations of the parties
     thereunder, shall be construed in accordance with the laws of
     the State of Alabama.

10.  Forfeiture of Benefits - At the discretion of the Board of
     Directors and after a timely written notice to Gerald W.
     Bersett (or his spouse or other beneficiary if Gerald W.
     Bersett has no right or power to change such beneficiary,
     whether by reason of his death or otherwise), rights to
     receive any benefits under this SERP may be forfeited,
     suspended, reduced or terminated by the Board of Directors if
     it determines in good faith that good cause for the
     forfeiture, suspension, reduction or termination has been
     shown.  For purposes of this Section 10, good cause shall mean
     (1) Gerald W. Bersett's engaging in competition with Blount,
     Inc. without appropriate prior authorization from the Board of
     Directors, (2) any material breach or violation of Gerald W.
     Bersett's duties as an employee including but not limited to
     violation of any ethics or business conduct policies adopted
     by the Board of Directors, or (3) any material misconduct,
     including misconduct in the performance of duties which is
     manifestly injurious to Blount, Inc.  Written notice under
     this Section 10 shall be timely if sent to Gerald W. Bersett's
     last known address within 12 months after the Board of
     Directors discovers the existence of facts which could give
     rise to a loss of benefits; provided, however, that said
     notice, to be effective, must be sent to Gerald W. Bersett
     within 18 months following his termination of employment with
     Blount, Inc.

11.  Denied Claims

     a.   If any application for payment of a benefit under the
          SERP shall be denied, Blount, Inc. shall;
     
          (i)  Notify Gerald W. Bersett within a reasonable time
               of such denial setting forth the specific reasons
               therefor; and

          (ii) Afford Gerald W. Bersett a reasonable opportunity for a
               full and fair review of the decision denying the claim.

     b.   Notice of such denial shall set forth, in addition to the
          specific reasons for the denial, the following:
     
          (i)  Reference to pertinent provisions of the SERP;
          (ii) Such additional information as may be relevant to
               denial of claim;
          (iii)An explanation of the claims review procedure;
          (iv) Advice that Gerald W. Bersett may request the
               opportunity to review pertinent plan documents and
               submit a statement of issues and comments.

     c.   Within 60 days following advice of denial of his claim,
          upon request made by Gerald W. Bersett for a review of
          such denial, Blount, Inc. shall take appropriate steps to
          review its decision in light of any further information
          or comments submitted by Gerald W. Bersett.  Blount, Inc.
          shall be empowered to hold a hearing at which Gerald W.
          Bersett shall be entitled to present the basis of his
          claim for review and at which he may be represented by
          counsel.

     d.   Blount, Inc. shall render a decision within 60 days after
          Gerald W. Bersett's request for review (which may be
          extended to 120 days if circumstances so require) and
          shall advise Gerald W. Bersett in writing of its decision
          on such review, specifying its reasons and identifying
          appropriate provisions of the Plan.

     Signed and agreed to this ___ day ______________________, 1998.

                                            BLOUNT, INC.


                                   By:_____________________________
                                   Its:____________________________
          


                                   ________________________________
                                         Gerald W. Bersett
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