EXHIBIT 10.5  Warrant No. 112 INAMED CORPORATION  EXECUTIVE OFFICER WARRANT  THE SECURITIES REPRESENTED BY THIS INSTRUMENT
OR DOCUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 
WITHOUT SUCH REGISTRATION, SUCH SECURITIES MAY NOT BE SOLD OR OTHERWISE
TRANSFERRED AT ANY TIME WHATSOEVER, EXCEPT UPON DELIVERY TO THE COMPANY OF AN
OPTION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED
FOR SUCH TRANSFER OR THE SUBMISSION TO THE COMPANY TO THE EFFECT THAT ANY SUCH
TRANSFER WILL NOT BE IN VIOLATION OF THE SECURITIES ACT OF 1933, AS AMENDED, OR
APPLICABLE STATE SECURITIES LAWS OR ANY RULE OR REGULATION PROMULGATED
THEREUNDER.  This
Warrant (the Warrant) is made and entered into at Las Vegas, Nevada on the
date hereinafter set forth by and between INAMED
CORPORATION, a Florida corporation (hereinafter called the
Company), and RICHARD G. BABBITT(hereinafter
called the Holder).  WHEREAS:  A.            The
Holder has concurrently herewith signed an Employment Agreement for the
position of President and Chief Executive Officer of the Company; and  B.            The
Company wishes to grant the Holder the Warrant which gives the Holder the
right, but not the obligation, to purchase stock in the Company as recognition
of the Holders valuable services as President and Chief Executive Officer of
the Company, and the Holder will, in consideration of the receipt of said
Warrant, agree to the terms, conditions and provisions set forth herein.  NOW, THEREFORE,in consideration of the premises, it is agreed as follows:  1.             WARRANT. 
Subject to the conditions set forth herein, the Company hereby grants to
the Holder the right, privilege and option to purchase Four Hundred Thousand
(400,000) shares on the Companys Common Stock (the Warrant Shares) at a
price per share (the Strike Price) of Three and 525/1000 Dollars ($3.525) in
the manner hereinafter provided, effective as of February 1, 1998 (the Grant
Date) to be vested as follows:  
   (a)           Fifty percent (50%) on the first
anniversary of the commencement of the Term of Employment as defined in the
Employment Agreement; and  (b)           Fifty percent (50%) on the second
anniversary of the commencement of the Term of Employment as defined in the
Employment Agreement;  unless the Warrant has been terminated
pursuant to the Section 3 hereof and provided,
however, that the Warrant, unless
it has expired or been earlier terminated, shall vest as to all Warrant Shares
(notwithstanding the price of the common stock) upon a change of control of the
Company.  For purposes of this Warrant,
a change of control shall be deemed to have occurred if:  (i)            Any person as such term is used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
(the Exchange Act) (other than the Corporation, any trustee or other
fiduciary holding securities under an employee benefit plan of the Corporation,
or any corporation owned, directly or indirectly, by the stockholder of the
Corporation in substantially the same proportions as their ownership of stock
of the Corporation). is or becomes the beneficial owner (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of securities of the
Corporation representing 20% or more of the combined voting power of the
Corporations then outstanding securities;  (ii)           During any period of two consecutive
years (not including any period prior to the execution of this Agreement),
individuals who at the beginning of such period constitute the Board, and any new
director (other than a director designated by a person who has entered into an
agreement with the Corporation to effect a transaction described in clause (i),
(iii) or (iv) of this Section) whose election by the Board or nomination for
election by the Corporations stockholders was approved by a vote of at least
two-thirds (2/3) of the directors then still in office who either were
directors at the beginning of the period or whose election or nomination for
election was previously so approved cease for any reason to constitute at least
a majority thereof;  (iii)          The stockholders of the Corporation
approve a merger or consolidation of the Corporation with any other
corporation, and than (a) a merger or consolidation which would result in the
voting securities of the Corporation outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) more than 50% of the combined
voting power of the voting securities of the Corporation or such surviving
entity outstanding immediately after such merger or consolidation or (b) a  2 
   merger or consolidation effected to implement
a recapitalization of the Corporation (or similar transaction) in which no
person (as hereinabove defined) acquires more than 20% of the combined voting
power of the Corporations then outstanding securities; or  (iv)          the stockholders of the Corporation
approve a plan of complete liquidation of the Corporation or an agreement for
the sale or disposition by the Corporation of all or substantially all of the
Corporations assets.  In the event of any split, combination,
reclassification, or any other extraordinary corporate transaction (including
the issuance of other warrants, options, or convertible securities in one or
more transactions during the term of this Warrant which would have the effect
of increasing the number of shares of Common Stock outstanding after January
30, 1998 by more than 10%), the Strike Price and the number of Warrant Shares
shall be appropriately adjusted.  2.                             METHOD OF EXERCISE.  Warrant Shares purchased under this Warrant
shall, at the time of purchase, be paid for in full, either in cash or through
a cashless exercise, whereby in lieu of paying the exercise price in cash,
the Holder may elect to receive a number of shares of Common Stock equal to the
number of such shares originally issuable upon exercise less such number of
shares as have a then current trading price equal to in the aggregate to the
exercise price of the Warrant Shares (based on the average closing bid price of
the Common Stock for the five trading day period immediately prior to the date
of exercise).  To the extent that the
right to purchase Warrant Shares has accrued hereunder, this Warrant may be
exercised, from time to time, by written notice to the Company stating the
number of Warrant Shares with respect to which this Warrant is being exercised
and the time of delivery thereof, which shall be at least fifteen (15) days
after the giving of such notice, unless an earlier date shall have been
mutually agreed upon.  If requested by
the Company, Holder shall provide the Company with an opinion of counsel
satisfactory to the Company that the exercise of the Warrant and the issuance
of the Warrant Shares do not require registration under, and that any such
exercise and issuance will not be in violation of, the Securities Act of 1933,
as amended (the Act) or applicable state securities laws or any rule or
regulations promulgated thereunder.  At
the time specified in such notice, the Company shall, without transfers or
issue tax to the Holder, deliver to him by certified mail, a certificate or
certificates for such Warrant shares, against the payment by the Holder of the
Strike Price, in full, for the number of Warrants Shares to be delivered, by
certified or bank cashiers check, or the equivalent thereof acceptable to the
Company or through a cashless exercise in accordance with the procedures in
the proceeding paragraph; provided,
however, that the time of such
delivery may be postponed by the company for such period as may be required for
it, with reasonable diligence, to comply with any requirements of any state or
federal   3 
   agency or any securities exchange.  If the Holder fails to accept delivery of
and pay for all or part of the number of Warrant Shares specified in the notice
given by the Holder, upon tender and delivery of said shares shall be
terminated.  3.                             TERMINATION OF WARRANT.  Except as herein otherwise stated, this
Warrant, to the extent not theretofore exercised, shall expire at 5:00 p.m. Las
Vegas, Nevada time on January 31, 2008.  4.                             REPRESENTATIONS AND WARRANTIES OF THE HOLDER.  The Holder hereby warrants and represents to
the Company, as of the date, hereof and as of the date or dates on which any
Warrant Shares are purchased hereunder, as follows:  (a)           Holder is an Accredited Investor as
defined in Regulation D promulgated by the Securities and Exchange Commission
under the Act.  (b)           Holder is, by reason of Holders
business of financial experience, capable of evaluating the merits and risks of
this investment and of protecting the Holders own interests in connection with
the Warrant.  (c)           In deciding whether to acquire the
Warrant Shares, the Holder has relied, and will rely, exclusively upon
consultations with his legal, financial and tax advisors with respect to the
nature of the Warrant.  (d)           Holder understands that neither the
Department of Corporations of the State of Nevada, one the Securities and Exchange
Commission, nor any other governmental agency having jurisdiction over the sale
and issuance of the Warrant Shares, will make any finding or determination
relating to the appropriateness for investment of the Warrant Shares, and that
none of them has or will recommend or endorse the Warrant Shares.  (e)           The Holder represents that the
Warrant Shares will be purchased for Holders own account for investment and
will not be purchased with a view to the sale or distribution thereof, and that
the Holder has no intention of disturbing or reselling any portion of the
Warrant or the Warrant Shares which Holder is receiving or may purchase.  Holder acknowledges that the Warrant and the
Warrant Shares have not been registered under the Act, and must be held
indefinitely unless subsequently registered under the Act or an exemption for
such registration is available.  The
Holder also acknowledges that Holder is fully aware of the restrictions on
disposing of the Warrant Shares resulting from the provisions of the Act and
the General Rules and Regulations of the Securities and Exchange Commission
thereunder.  Holder further understands
that the Warrant Shares have not been, and will not be, qualified under
applicable state securities laws.   4 
   (f)            Holder, if requested by the
Companys underwriters from time to time, will execute lock-up agreements as
requested, relating to the Warrant and the Warrant Shares.  (g)           Holder recognizes that stop
transfer instructions will be issued against any stock certificates under this
Warrant and that a restrictive legend that addresses acquisition for
investment, subject to Rule 144, will be placed on the stock certificate for
the securities.  5.             RESTRICTIONS
ON ISSUANCE OF SHARES.  The
Company shall not be obligated to sell and issue any shares pursuant to this
Warrant, unless permission to issue said shares has first been obtained from
the Commissioner of Corporations of the State of Nevada, if required, and
further, unless the shares with respect to which this Warrant is exercised are,
at the time, effectively registered, or exempt from registration, under the
Securities Act of 1933, as amended.  The
Company may require an opinion of counsel acceptable to the Company to the
effect of any exemption.  6.             TRANSFERABILITY
OF WARRANT; RIGHTS PRIOR TO EXERCISE. During the Holders lifetime, the Warrant
hereunder shall be exercisable only by the Holder, or any guardian or legal
representative of the Holder in accordance with the Employment Agreement.  In the event of (a) any attempt by the
Holder to alienate, assign, pledge, hypothecate or otherwise dispose of the
Warrant, except as provided for herein, or (b) the levy of any attachment,
execution or similar process upon the rights or interest hereby conferred, the
Company may terminate the Warrant by notice to the Holder and it shall
thereupon become null and void.  Holder shall have no rights
as a shareholder of shares subject to this Warrant until payment of the Strike
Price pursuant to Section 2 and the delivery of such shares herein provided.  7.             REGISTRATION
RIGHTS.  The Holder shall
have the same registration rights under Form S-8 or otherwise as may be
generally made available from time to time to officers and employees of the
Company.  8.             SERVICE
NOT AFFECTED.  The granting
of the Warrant or its exercise shall not be constructed as granting to the
Holder any right with respect to the continuance of the Employment Period with
the Company.  Except as may otherwise be
limited by a written agreement between the Company and the Holder, the right of
the company to terminate as defined in the Employment Agreement is specifically
reserved by the company, as the Company or on behalf of the Company (whichever
the case may be), and acknowledged by the Holder.  9.             BINDING
EFFECT.  This Warrant shall
be binding upon the heirs, executors, administrators and successors of the
parties hereto.   5 
   IN WITNESS WHEREOF, the parties have caused
this Warrant Agreement to be executed on this           day of               
, 1998   COMPANY
  
  HOLDERINAMED
  CORPORATION
  
  RICHARD
  G. BABBITTBy:Carol A. Brennan
  
  SignatureCorporate SecretarySocial Security Number  NUMBER OF WARRANTS: 
  Four Hundred Thousand (400,000) EXACTLY  STRIKE PRICE:  Three
  and 525/1000 Dollars ($3.525) PER SHARE