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[BANK OF AMERICA LOGO]                                   AMENDMENTS TO DOCUMENTS

                                                                    EXHIBIT 10.1

                                AMENDMENT NO. 1
                           TO BUSINESS LOAN AGREEMENT

     This Amendment No. 1 (the  "Amendment" dated as of JANUARY 9, 1998 is
between Bank of America National Trust Association (the "Bank") and Edelbrock
Corporation (the "Borrower").

                                    RECITALS

     A.   The Bank and the Borrower entered into a certain Business Loan
Agreement dated as of January 23, 1997 (the "Agreement").

     B.   The Bank and the Borrower desire to amend the Agreement.

                                   AGREEMENT

     1.   Definitions. Capitalized terms used but not defined in this Amendment
          shall have the meaning given to them in the Agreement.

     2.   Amendments. The Agreement is hereby amended as follows:

          2.1  In Paragraph 1.2 of the Agreement, the date "February 1, 1999" is
               hereby substituted for the date "February 1, 1998". 

          2.2  In Paragraph 5.4 of the Agreement, the amount "Forty Eight
               Million Dollars ($48,000,000.00)" is hereby substituted for the
               amount "Forty One Million Dollars ($41,000,000.00)".

          2.3  Paragraph 5.18(c) of the Agreement is hereby amended in full to
               read as follows: 

               "(c) enter into any consolidation, merger, or other combination
                    or become a member of a limited liability company or become
                    a member of a joint venture or partner in a partnership
                    except when cash contributions to partnerships and or joint
                    ventures do not exceed Two Million Dollars ($2,000,000) in
                    the aggregate at any one time." 

          2.4  Paragraph 7.7 of the Agreement is hereby amended in full to read
               as follows:

               "7.7 Attorneys' Fees. The Borrower shall reimburse the Bank for
               any reasonable costs and attorneys' fees incurred by the Bank in
               connection with the enforcement or preservation of any rights or
               remedies under this Agreement and any other documents executed in
               connection with this Agreement, and in connection with any
               amendment, waiver, "workout" or restructuring under this
               Agreement. In the event of a lawsuit or arbitration proceeding,
               the prevailing party is entitled to recover costs and reasonable
               attorneys' fees incurred in connection with the lawsuit or
               arbitration proceeding, as determined by the court or arbitrator.
               In the event that any case is commenced by or against the
               Borrower under the Bankruptcy Code (Title 11, United States Code)
               or any similar or successor statute, the Bank is entitled to
               recover costs and reasonable attorneys' fees incurred by the Bank
               related to the preservation, protection, or enforcement of any
               rights of the Bank in such a case. As used in this paragraph,
               "attorneys' fees" includes the allocated costs of the Bank's
               in-house counsel."
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     3.   Effect of Amendment. Except as provided in this Amendment, all of the
terms and conditions of the Agreement shall remain in full force and effect.

     This Amendment is executed as of the date stated at the beginning of this
Amendment.



Bank of America                                 Edelbrock Corporation
National Trust and Savings Association


X                                               X  /s/ JEFFREY L. THOMPSON
 ----------------------------------             --------------------------------
By: Robert J. Lovie, Vice President             By: Jeffrey L. Thompson,
                                                    Executive Vice President



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