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                                                                   EXHIBIT 10(v)

                    SECOND AMENDMENT TO AMENDED AND RESTATED
                        SENIOR REVOLVING CREDIT AGREEMENT

         This SECOND AMENDMENT TO AMENDED AND RESTATED SENIOR REVOLVING CREDIT
AGREEMENT (the "Amendment") is made as of this 30th day of November, 2000, by
and among ENESCO GROUP, INC., a Massachusetts corporation (the "Borrower"), the
Borrowing Subsidiaries who may from time to time become a party to the Amended
and Restated Senior Revolving Credit Agreement, and FLEET NATIONAL BANK, a
national banking association (the "Bank").

                                    RECITALS

         The Borrower and the Bank are parties to a certain Amended and Restated
Senior Revolving Credit Agreement dated as of August 23, 2000, as amended by a
First Amendment to Amended and Restated Senior Revolving Credit Agreement dated
November 27, 2000 (the "Credit Agreement") pursuant to which the Bank has
extended certain financial accommodations to the Borrower including those
evidenced by a Borrower Note in the face amount of $50,000,000 dated August 3,
2000. The Borrower has requested and the Bank has agreed to modify the financial
covenant which appears in Section 6.12.4 of the Credit Agreement, as more fully
described and set forth hereinbelow. Capitalized terms not otherwise defined in
this Amendment shall have their meanings as defined in the Credit Agreement.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Borrower and the Bank agree
that the Credit Agreement is amended as follows:

     1.   Section 6.12.4 is deleted in its entirety and replaced with the
          following:

                    "6.12.4 Minimum 12 month EBITDA. The Borrower shall have an
                    EBITDA of not less than $29,000,000 for the fiscal year
                    ending December 31, 2000. Minimum EBITDA for fiscal periods
                    ending thereafter shall be established by the Bank within 60
                    days of fiscal year end 2000 based upon the Borrower's
                    projections for fiscal year 2001."

     2.   Except as amended, modified or supplemented by this Amendment, all of
          the terms, conditions, covenants, provisions, representations,
          warranties and conditions of the Credit Agreement shall remain in full
          force and effect and are hereby acknowledged, ratified, confirmed and
          continued as if fully restated hereby.
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     3.   The invalidity or unenforceability of any term or provision hereof
          shall not affect the validity or enforceability of any other term or
          provision hereof or contained in the Credit Agreement.

     4.   It is the intention of the parties hereto that this Amendment shall
          not constitute a novation and shall in no way adversely affect or
          impair performance of the obligations of the Borrower under the Credit
          Agreement.

     5.   The Borrower hereby confirms and ratifies the obligations established
          under the Credit Agreement, as amended hereby.

     6.   This Amendment is to be governed and construed in accordance with the
          laws of the Commonwealth of Massachusetts.

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         IN WITNESS WHEREOF, the foregoing has been executed as an instrument
under seal as of the date first above written.

WITNESS:                                    ENESCO GROUP, INC.

                                            By: /s/ Jeffrey W. Lemajeur
                                               ---------------------------------
                                               Print Name: Jeffrey W. Lemajeur
                                               Title:      Treasurer

                                            By:  /s/ Allan Keirstead
                                               ---------------------------------
                                               Print Name: Allan G. Keirstead
                                               Title:      CFO

                                            FLEET NATIONAL BANK

                                            By:  /s/ Sheryl L. McQuade
                                               ---------------------------------
                                                  Its Vice President

Acknowledged and agreed to, and confirming Guaranty dated August 3, 2000:

                                            ENESCO INTERNATIONAL LTD.

                                            By: /s/ Jeffrey W. Lemajeur
                                               ---------------------------------
                                               Print Name:  Jeffrey W . Lemajeur
                                               Title:       Treasurer

                                            By: /s/ Allan Keirstead
                                               ---------------------------------
                                               Print Name:  Allan G. Keirstead
                                               Title:       President<PAGE>   1
                                                                   EXHIBIT 10(w)

                     THIRD AMENDMENT TO AMENDED AND RESTATED
                        SENIOR REVOLVING CREDIT AGREEMENT

         This THIRD AMENDMENT TO AMENDED AND RESTATED SENIOR REVOLVING CREDIT
AGREEMENT (the "Amendment") is made as of this 23rd day of March, 2001, by and
among ENESCO GROUP, INC., a Massachusetts corporation (the "Borrower"), the
Borrowing Subsidiaries who may from time to time become a party to the Amended
and Restated Senior Revolving Credit Agreement, and FLEET NATIONAL BANK, a
national banking association (the "Bank").

                                    RECITALS

         The Borrower and the Bank are parties to a certain Amended and Restated
Senior Revolving Credit Agreement dated as of August 23, 2000, as amended by a
First Amendment to Amended and Restated Senior Revolving Credit Agreement dated
November 27, 2000, and as further amended by a Second Amendment to Amended and
Restated Senior Revolving Credit Agreement dated November 30, 2000 (the "Credit
Agreement"), pursuant to which the Bank has extended certain financial
accommodations to the Borrower including those evidenced by a Borrower Note in
the face amount of $50,000,000 dated August 3, 2000, a Back-Up L/C Demand Note
in the face amount of $25,000,000 dated November 27, 2000 and a Back-Up F/X
Demand Note in the face amount of $10,000,000 dated November 27, 2000. The
Borrower and the Bank have agreed to modify the definition of EBITDA and certain
of the financial covenants which appear in the Credit Agreement, as more fully
described and set forth hereinbelow. Capitalized terms not otherwise defined in
this Amendment shall have their meanings as defined in the Credit Agreement.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Borrower and the Bank agree
that the Credit Agreement is amended as follows:

1.          The definition of "EBITDA" which appears in ARTICLE I is deleted in
            its entirety and replaced with the following:

                    "EBITDA" for any period shall mean the sum of (i)
                    Consolidated Net Income for such period, plus, to the extent
                    deducted in determining Consolidated Net Income for such
                    period, (ii) Consolidated Interest Expense for such period,
                    (iii) all provisions for any income or similar taxes paid or
                    accrued by the Borrower and its Subsidiaries during such
                    period, and (iv) depreciation and amortization for the
                    Borrower and its Subsidiaries for such period adjusted for
                    the following: (a) non-cash writedowns occurring in the
                    second quarter of the Borrower's fiscal year ending December
                    31, 2000; (b) the writedown for transaction costs associated
                    with the failed acquisition of Precious Moments, Inc. in the
                    second quarter of the Borrower's fiscal year ending December
                    31, 2000; (c) the charge relating to the severance benefits
                    for the Borrower's former

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            Chief Executive Officer in the second quarter of the Borrower's
            fiscal year ending December 31, 2000; and (d) non-cash amounts which
            are paid in treasury stock; with all such EBITDA adjustments to be
            determined by the Bank in its reasonable discretion.

2.   Section 6.12.1 is deleted in its entirety and replaced with the
     following:

                                    "6.12.1. Fixed Charge Coverage Ratio. The
                           Borrower shall maintain a Fixed Charge Coverage Ratio
                           of not less than 2.44 to 1.00 as of the fiscal
                           quarter ending March 31, 2001, calculated based upon
                           financial results of the Borrower for the four most
                           recent consecutive fiscal quarters then ended. For
                           the purposes of this covenant: (1) the term "Fixed
                           Charge Coverage Ratio" means the ratio of (i) the
                           Borrower's Adjusted EBITDA for the four most recent
                           consecutive fiscal quarters then ended to (ii) the
                           total of (I) Consolidated Interest Expense for such
                           period and (II) principal paid on long-term debt for
                           such period; and (2) the term "Adjusted EBITDA" means
                           the Borrower's EBITDA for such four fiscal quarter
                           period, adjusted for any Permitted Acquisitions made
                           during such period, minus (a) gains associated with
                           distribution of the "Rabbi Trust" in the second
                           quarter of the Borrower's fiscal year ending December
                           31, 2000 for calculation dates after June 30, 2000;
                           (b) net unfinanced capital expenditures during such
                           period; (c) cash taxes during such period; and (d)
                           dividends paid during such period. All such
                           adjustments to EBITDA shall be determined by the Bank
                           in its reasonable discretion."

3.          Section 6.12.2 is deleted in its entirety and replaced with the
            following:

                                    "6.12.2. Funded Debt/EBITDA Ratio. The
                           Borrower shall maintain a ratio of funded
                           Consolidated Indebtedness, excluding letters of
                           credit issued in the ordinary course of business, to
                           the Borrower's EBITDA for the four most recent
                           consecutive fiscal quarters ending March 31, 2001 of
                           not greater than 0.86 to 1.00."

4.          Section 6.12.3 is deleted in its entirety and replaced with the
            following:

                                    "6.12.3. Minimum Consolidated Net Worth. The
                           Borrower shall maintain a minimum Consolidated Net
                           Worth (exclusive of any foreign currency translation
                           gains or losses) of not less than $125,956,000 as of
                           the fiscal quarter ending March 31, 2001."

5.          Section 6.12.4 is deleted in its entirety and replaced with the
            following:
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                                    "6.12.4. Maximum Quarterly EBITDA Deficit.
                        The Borrower shall have an EBITDA deficit of not more
                        than $4,750,000 for the fiscal quarter ending March 31,
                        2001."

6.          EXHIBIT C attached as a part of the Credit Agreement is deleted in
            its entirety and replaced with EXHIBIT C attached to this Amendment.

7.          Except as amended, modified or supplemented by this Amendment,
            all of the terms, conditions, covenants, provisions,
            representations, warranties and conditions of the Credit
            Agreement shall remain in full force and effect and are hereby
            acknowledged, ratified, confirmed and continued as if fully
            restated hereby.

8.          The invalidity or unenforceability of any term or provision
            hereof shall not affect the validity or enforceability of any
            other term or provision hereof or contained in the Credit
            Agreement.

9.         It is the intention of the parties hereto that this Amendment
            shall not constitute a novation and shall in no way adversely
            affect or impair performance of the obligations of the
            Borrower under the Credit Agreement.

10.         The Borrower hereby confirms and ratifies the obligations
            established under the Credit Agreement, as amended hereby.

11.         This Amendment is to be governed and construed in accordance with
            the laws of the Commonwealth of Massachusetts.

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         IN WITNESS WHEREOF, the foregoing has been executed as an instrument
under seal as of the date first above written.

WITNESS:                            ENESCO GROUP, INC.

                                    By: /s/ Anne-Lee Verville
                                        ---------------------------------
                                        Print Name: Anne-Lee Verville
                                        Title:      Interim CEO and President

                                    By: /s/ Jeffrey W. Lemajeur
                                        ---------------------------------
                                        Print Name:   Jeffrey  W. Lemajeur
                                        Title:        CFO

                                    FLEET NATIONAL BANK

                                    By:  /s/ Sheryl L. McQuade
                                         ---------------------------------
                                         Its Vice President

Acknowledged and agreed to, and confirming Guaranty dated August 3, 2000:

                                     ENESCO INTERNATIONAL LTD.

                                     By: /s/ Jeffrey W. Lemajeur
                                         ---------------------------------
                                         Print Name:  Jeffrey  W. Lemajeur
                                         Title:       Treasurer

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