Document:

Exhibit 10.67

                        AMENDMENT TO INVESTMENT AGREEMENT

           THIS AMENDMENT TO INVESTMENT AGREEMENT (the "Amendment") is made and
entered into as of March __, 2001, by and between LIH HOLDINGS IV, LLC, a
Delaware limited liability company (the "Purchaser") and LUND INTERNATIONAL
HOLDINGS, INC., a Delaware corporation (the "Company"). Capitalized terms not
defined herein shall have those meanings ascribed to them in the Investment
Agreement (defined below).

           WHEREAS, the parties entered into that certain Investment Agreement
dated as of December 28, 2000 (the "Investment Agreement");

           WHEREAS, the Capital Call Agreement has been amended as of the date
hereof;

           WHEREAS, the parties desire to amend the Investment Agreement to
reflect the amendments made to the Capital Call Agreement.

           NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth in this Amendment, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

A. Section 1.1 of Article I is hereby amended to delete the definition of
Closing Date and to insert in its place the following definition: "`Closing
Date' means the date on which the Initial Closing, the Second Closing, or the
Third Closing, as applicable, actually occurs."

B. Section 1.1 of Article I is hereby amended to insert (alphabetically among
the existing definitions) the following definitions:

           1. "Third Capital Call" has the meaning ascribed to it in Section 2.1

           2. "Third Closing" means the closing of the transactions contemplated
by Section 2.4.

           3. "Third Closing Date" means the date on which the Third Closing
actually occurs.

           4. "Third Purchase Price" has the meaning ascribed to it in Section
2.1

C. Section 2.1 is herby amended by deleting the last sentence and inserting the
following:

       "If required under the Capital Call Agreement, the Company shall
subsequently issue and sell to the Purchaser, and the Purchaser shall
subsequently purchase from the Company, 1,562.5 additional shares of Series C
Preferred Stock (the "Third Capital Call"), free and clear of all Liens, for an
aggregate purchase price (payable in cash in the manner provided in Section 2.2)
equal to $1,562,500 (the "Third Purchase Price"). The shares of Series C
Preferred Stock to be

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issued in the Initial Capital Call, Second Capital Call and Third Capital Call
are collectively referred to herein as the "Shares" and the Initial Purchase
Price, Second Purchase Price and Third Purchase Price are collectively referred
to herein as the "Purchase Price."

D.  The following is hereby inserted as Section 2.4:

           "2.4 Third Closing. The Third Closing, if required under the Capital
Call Agreement, shall take place at such location as the parties mutually agree
on the date on which each of the conditions precedent set forth in Article VI
and Article VII shall have been satisfied or waived as provided therein. At the
Third Closing, the Purchaser shall pay the Third Purchase Price by wire transfer
of immediately available funds to the account specified by the Company by
written notice delivered to the Purchaser at least two (2) Business Days before
the Third Closing Date. Simultaneously, the Company shall deliver to the
Purchaser certificates, registered in the name of the Purchaser, representing
the shares of Series C Preferred Stock issued in the Third Capital Call."

E.  In Section 3.3, the following is hereby deleted:

"(ii) the outstanding capital stock of the Company will consist of 9,368,000
shares of Common Stock, 167,000 shares of Series B Preferred Stock and 5,000
shares of Series C Preferred Stock (upon the Initial Closing) and 10,000 shares
of Series C Preferred Stock (upon the Second Closing)."

"and (iii) 167,000 shares of Series B Preferred Stock are outstanding."

and in its, place, the following is hereby inserted:

"(ii) the outstanding capital stock of the Company will consist of 10,267,325
shares of Common Stock, 167,000 shares of Series B Preferred Stock and 5,000
shares of Series C Preferred Stock (upon the Initial Closing), 10,000 shares of
Series C Preferred Stock (upon the Second Closing) and 11,562.5 shares of Series
C Preferred Stock (upon the Third Closing)."

"and (iii) 77,515.8 shares of Series B Preferred Stock outstanding."

D. Except as amended hereby, the Investment Agreement shall stand and remain
unchanged and in full force and effect in accordance with its terms.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

                     IN WITNESS WHEREOF, this Amendment has been duly executed
and delivered by the duly authorized officer of each
party hereto as of the date first above written.

                                LIH HOLDINGS IV, LLC

                                By:       Ira Kleinman
                                   ---------------------------------------------
                                Name:     Ira Kleinman
                                          --------------------------------------
                                Title:

                                LUND INTERNATIONAL HOLDINGS, INC.

                                By:       Dennis Vollmershausen
                                    --------------------------------------------
                                      Name: Dennis W. Vollmershausen
                                      Its: President and Chief Executive OfficerExhibit 10.68

                   SECOND AMENDMENT TO CAPITAL CALL AGREEMENT

           This SECOND AMENDMENT TO CAPITAL CALL AGREEMENT (this "Amendment") is
dated as of this ___ day of March, 2001, by and among Heller Financial, Inc., a
Delaware Corporation (in its individual capacity, "Heller"), as Agent (in such
capacity, "Agent") on behalf of the Lenders party to the Credit Agreement
described below, Harvest Partners III, L.P., a Delaware limited partnership
("Harvest LP"), Lund International Holdings, Inc., a Delaware corporation
("Holdings") and Lund Industries, Incorporated, Deflecta-Shield Corporation,
Belmor Autotron Corp., DFM Corp., Auto Ventshade Company and Smittybilt, Inc.
(each a "Borrower" and collectively, the "Borrowers").

                                    RECITALS:

           A. The Borrowers, Holdings, the other Loan Parties, Heller, as Agent
and a Lender, and the other Lenders are parties to a Credit Agreement dated as
of February 27, 1998 (as such agreement has from time to time been amended,
supplemented or otherwise modified to and including the date hereof and as it
shall hereafter be further amended, supplemented or otherwise modified, the
"Credit Agreement").

           B. The Borrowers, the Agent, Holdings and Harvest LP are parties to a
Capital Call Agreement dated as of November 14, 2000 (as amended, supplemented
or modified to and including the date hereof and as it shall hereafter be
further amended, supplemented or otherwise modified, the "Capital Call
Agreement").

           C. Holdings, the Borrowers, Harvest LP and the Agent desire to enter
into a Waiver and Fifth Amendment to the Credit Agreement of even date herewith
among Borrowers, Holdings, the other Loan Parties, Heller, as Agent and a Lender
and the other Lenders ("Fifth Amendment") and make certain modifications to the
Capital Call Agreement in connection therewith to, among other things,
accelerate the contribution of an additional equity investment in Holdings in
order to provide additional funds to Holdings and the Borrowers to meet their
obligations.

           NOW, THEREFORE, in consideration of the foregoing premises, and for
other good and valuable consideration, the sufficiency and receipt of all of
which are acknowledged and intending to be bound hereby, the Agent, Holdings,
the Borrowers and Harvest LP hereby agree as follows:

           1. Recitals. The Recitals set forth above are incorporated into this
Amendment and the Capital Call Agreement.

                                       1
<PAGE>

           2. Defined Terms. All capitalized terms used in this Amendment
without definition shall have the same meanings as those ascribed them in the
Credit Agreement or the Capital Call Agreement.

           3. Amendments. Upon the Agent's acceptance hereof in the space
provided for that purpose below and satisfaction of the conditions precedent
specified in Section 5 hereof, the Capital Call Agreement shall be and hereby is
amended as follows:

           3.1. Paragraph 1 of the Capital Call Agreement is hereby amended to
delete the definitions of "First Test Date", "Second Test Date", "Proposed
Transactions" and "Third Test Date" where they appear therein.

           3.2. Paragraph 2(a) of the Capital Call Agreement is hereby amended
in its entirety to read as follows:

                      "(a) Harvest LP hereby agrees that:

                                 (i) On or before December 31, 2000, Harvest LP
                      shall, or shall cause a designee of Harvest LP acceptable
                      to the Agent in its sole discretion to, make a
                      contribution of Five Million Dollars ($5,000,000) to the
                      equity of Holdings (the "First Capital Call"). Holdings
                      shall immediately thereafter contribute the entire
                      $5,000,000 amount of the First Capital Call to the equity
                      of such Borrower or Borrowers as the Agent may require.
                      Such Borrower or Borrowers shall immediately thereafter
                      apply the entire $5,000,000 amount of the First Capital
                      Call to reduce the outstanding principal balance of the
                      Revolving Loans, but not as a permanent reduction of the
                      Revolving Loan Commitment; provided, however, that upon
                      the making of the First Capital Call, the Agent shall
                      immediately establish a reserve on the Borrowing Base
                      equal to the amount of the First Capital Call;

                                 (ii) On or before March 31, 2001, Harvest LP
                      shall, or shall cause a Designee of Harvest LP acceptable
                      to the Agent in its sole discretion to, make a
                      contribution of Five Million Dollars ($5,000,000) to the
                      equity of Holdings (the "Second Capital Call"). Holdings
                      shall immediately thereafter contribute the entire
                      $5,000,000 amount of the Second Capital Call to the equity
                      of such Borrower or Borrowers as the Agent may require.
                      Such Borrower or Borrowers shall immediately thereafter
                      apply the entire $10,000,000 amount of the First Capital
                      Call and the Second Capital Call to reduce the outstanding
                      principal balance of the Term Loans in accordance with
                      Section 1.5(E) of the Credit Agreement. After the entire
                      $10,000,000 amount of the First Capital Call and the
                      Second Capital Call shall have been so applied to prepay
                      the Term Loans, the reserve established on the Borrowing
                      Base pursuant to Section 3.2(a)(i) in the amount of the
                      First Capital Call shall be eliminated; and

                                 (iii) In the event that subsequent to the
                      payment by Borrowers of interest due on August 31, 2001
                      under the Securities Purchase Agreements ("Interest
                      Payment") a Priority Default occurs as a result of the
                      breach of a

                                       2
<PAGE>

                      covenant under the Credit Agreement based upon the Loan
                      Parties' financial performance for the fiscal year ending
                      December 31, 2001, Harvest LP shall, or shall cause a
                      designee of Harvest LP acceptable to Agent in its sole
                      discretion, to make a payment directly to Agent in the
                      amount of such Interest Payment (the "Third Capital
                      Call"), which Third Capital Call shall be applied by Agent
                      to reduce the outstanding balance of the Revolving Loans,
                      but not as a permanent reduction of the Revolving Loan
                      Commitment.

                      Notwithstanding the foregoing provisions of Paragraph
                      3.2(a)(iii), if on or after July 31, 2001, (at any date
                      through which EBITDA is calculated pursuant to Section 4.3
                      of the Credit Agreement) the ratio of Holdings' and
                      Borrowers' Senior Indebtedness to EBITDA is less than
                      3.0:1.00 as set forth in a certificate delivered to Agent
                      executed by the Borrower Representative detailing such
                      calculation (with EBITDA annualized based upon actual
                      results for Fiscal Year 2001 through the last day of the
                      fiscal period (for which EBITDA is calculated pursuant to
                      Section 4.3 of the Credit Agreement) of Holdings and
                      Borrowers ending prior to the delivery of such certificate
                      and calculated as illustrated on Exhibit 4.7(D)), Harvest
                      LP shall be relieved of its obligation to make payment of
                      the Third Capital Call.

           3.3. The Capital Call Agreement is hereby amended to delete
Paragraphs 2(b)-(g) in their entirety and the following new Paragraph 2(b) shall
be inserted in substitution thereof:

                     "(b) The equity securities (including any additional shares
                     of such equity securities issued as a dividend thereon)
                     issued to Harvest LP or its designee in exchange for either
                     the First Capital Call or the Second Capital Call shall not
                     be subject to redemption until the Obligations have been
                     paid in full and the Commitments have been terminated."

           3.4. Paragraph 3 of the Capital Call Agreement is hereby amended in
its entirety to read as follows:

           "Until Harvest LP is relieved of its obligation to make payment of
the Third Capital Call as set forth in Paragraph 2(a) above, (a) Harvest LP
shall maintain funds in cash or Cash Equivalents in an aggregate amount equal to
at least $1,562,500, and (b) on the last day of each March, June, September and
December of each year, Harvest LP shall deliver to Agent and Lenders such
statements or records as shall be requested by Agent and Lenders to evidence
that Harvest LP is in compliance with the covenant set forth in clause (a)
above."

           4. Representations. In order to induce the Agent to execute and
deliver this Amendment, Holdings, Harvest LP and the Borrowers hereby represent
to the Agent that as of the date hereof and as of the time that this Amendment
becomes effective, each of the representations and warranties set forth in the
Capital Call Agreement are and shall be and remain true and correct and
Holdings, Harvest LP and the Borrowers are in full compliance with all of the
terms and conditions of the Capital Call Agreement.

                                       3
<PAGE>

           5. Conditions Precedent. The effectiveness of this Amendment is
subject to the satisfaction of all of the following conditions precedent:

                      (a) The Agent shall have received copies executed or
           certified (as may be appropriate) of:

                                 (i) this Amendment;

                                 (ii) the Fifth Amendment and all other Loan
                      Documents required thereby; and

                                 (iii) resolutions of the board of directors of
                      each of Holdings and each Borrower and the members of the
                      general partner of Harvest LP authorizing the execution,
                      delivery and performance of this Amendment.

                      (b) All legal matters incident to the execution and
           delivery hereof and of the instruments and documents contemplated
           hereby shall be satisfactory to the Agent and its counsel; and

                      (c) As of the date this Amendment is to become effective,
           the Borrowers, Holdings and Harvest LP shall be in full compliance
           with all the terms and conditions of the Capital Call Agreement as
           amended.

           6. Miscellaneous.

           6.1. Credit Agreement Unimpaired. The Borrowers and Holdings hereby
agree that notwithstanding the execution and delivery hereof, the Credit
Agreement and the other Loan Documents shall be and remain in full force and
effect and that any rights and remedies of the Agent and the Lenders thereunder,
obligations of the Loan Parties thereunder and any liens or security interests
created or provided for thereunder shall be and remain in full force and effect
and shall not be affected, impaired or discharged hereby.

           6.2. Effect of Amendment. Except as specifically amended and modified
hereby, the Capital Call Agreement and the Credit Agreement and other Loan
Documents shall stand and remain unchanged and in full force and effect in
accordance with their terms. Except as specifically set forth herein, this
Amendment shall not be deemed to be a waiver of any Default or Event of Default
or any of the Agent's or the Lenders' rights or remedies all of which are hereby
expressly reserved. Reference to this specific Amendment need not be made in any
note, instrument or other document making reference to the Capital Call
Agreement or the Credit Agreement, any reference to the Capital Call Agreement
in any of such shall be deemed to be a reference to the Capital Call Agreement,
as amended hereby.

           6.3. Costs and Expenses. The Borrowers and Holdings jointly and
severally agree to pay, on demand, all out-of-pocket costs and expenses incurred
by the Agent in connection with the negotiation, preparation, execution and
delivery of this Amendment and the documents and transactions contemplated
hereby, including the fees and expenses of counsel to the Agent with respect to
the foregoing.

                                       4
<PAGE>

           6.4. Counterparts; Governing Law. This Amendment may be executed in
any number of counterparts and by different parties hereto on separate
counterparts, each of which when so executed shall be an original but all of
which to constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this Agreement by telecopier shall be
effective as delivery of a manually executed counterpart of this Agreement. This
Amendment shall be governed by the internal laws of the State of New York
without giving effect to its conflicts of laws principles.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

Dated as of the first date above written.

HOLDINGS:                       LUND INTERNATIONAL HOLDINGS, INC.

                                By:       /s/ Dennis Vollmershausen
                                          -------------------------
                                Name:     Dennis Vollmershausen
                                          ---------------------
                                Title:    CEO and President
                                          -----------------

BORROWERS:                      LUND INDUSTRIES, INCORPORATED

                                By:       /s/ Dennis Vollmershausen
                                          -------------------------
                                Name:     Dennis Vollmershausen
                                          ---------------------
                                Title:    CEO and President
                                          -------------------------------

                                DEFLECTA-SHIELD CORPORATION

                                By:       /s/ Dennis Vollmershausen
                                          -------------------------
                                Name:     Dennis Vollmershausen
                                          ---------------------
                                Title:    CEO and President
                                          -----------------

                                BELMOR AUTOTRON CORP.

                                By:       /s/ Dennis Vollmershausen
                                          -------------------------
                                Name:     Dennis Vollmershausen
                                          ---------------------
                                Title:    Chief Executive Officer
                                          -----------------------

                                DMF CORP.

                                By:       /s/ Dennis Vollmershausen
                                          -------------------------
                                Name:     Dennis Vollmershausen
                                          ---------------------
                                Title:    CEO and President
                                             -----------------

                                AUTO VENTSHADE COMPANY

                                By:       /s/ Dennis Vollmershausen
                                          -------------------------
                                Name:     Dennis Vollmershausen
                                          ---------------------
                                Title:    CEO and President
                                          -----------------

                                SMITTYBILT, INC.

                                By:       /s/ Dennis Vollmershausen
                                          -------------------------
                                Name:     Dennis Vollmershausen
                                          ---------------------
                                Title:    CEO and President
                                          -----------------

<PAGE>

AGENT:                          HELLER FINANCIAL, INC.

                                By:       /s/ Marc Pressler
                                          -------------------------------
                                Name:     Marc Pressler
                                          -------------
                                Title:    Vice President
                                          ------------------------------

HARVEST LP                      HARVEST PARTNERS III, L.P.

                                By:  Harvest Associates III, LLC, its general
                                     partner

                                By:      /s/ Ira  Kleinman
                                         --------------------------------
                                Name:    Ira Kleinman
                                         ------------
                                Title:

<PAGE>

                  CONSENT AND REAFFIRMATION BY OTHER GUARANTORS

           The undersigned have heretofore executed and delivered to the Agent,
Guarantees dated as of February 27, 1998, pursuant to which the undersigned have
guarantied Borrowers' and Holdings' obligations to the Agent and the Lenders.
The undersigned hereby consent to the foregoing First Amendment to Capital Call
Agreement as set forth above and reaffirm and confirm that their Guarantees and
all of the undersigneds' obligations thereunder remain in full force and effect.
The undersigned further agree that the consent of the undersigned to any further
amendments to the Capital Call Agreement shall not be required as a result of
this consent having been obtained, except to the extent, if any, required by the
Guarantees referred to above.

                                LUND ACQUISITION CORP.

                                By:      /s/ Dennis Vollmershausen
                                         -------------------------
                                Name:    Dennis Vollmershausen
                                         ---------------------
                                Title:   President
                                         ---------

                                BAC ACQUISITION CO.

                                By:      /s/ Dennis Vollmershausen
                                         -------------------------
                                Name:    Dennis Vollmershausen
                                         ---------------------
                                Title:   President
                                         ---------

                                TRAILMASTER PRODUCTS, INC.

                                By:      /s/ Dennis Vollmershausen
                                         -------------------------
                                Name:    Dennis Vollmershausen
                                         ---------------------
                                Title:   Chief Executive Officer
                                         ----------------------------------

                                DELTA III, INC.

                                By:      /s/ Dennis Vollmershausen
                                         -------------------------
                                Name:    Dennis Vollmershausen
                                         ---------------------
                                Title:   President
                                         ---------

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