FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response...0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
(Print or Type Responses)

1. Name and Address of Reporting Person* Tulin, John

2. Issuer Name and Ticker or Trading Symbol Swank, Inc. (SNKI)

6. Relationship of Reporting Person(s) to Issuer                   (Check all applicable)

X

Director

10% Owner

X

Officer (give title below)

Other (specify below)

Senior Vice President

(Last)        (First)       (Middle) c/o Swank, Inc. 90 Park Avenue, 13th Floor

3. I.R.S. Identification Number of     Reporting Person, if an entity     (voluntary) ###-##-####

4. Statement for Month/Day/Year December 20, 2002

7. Individual or Joint/Group Filing (Check Applicable Line)

5. If Amendment, Date of     Original (Month/Year)

X

Form filed by One Reporting Person

(Street) New York, NY 10016

Form filed by More than One Reporting Person

(City)          (State)      (Zip)

Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security     (Instr. 3)

2. Transaction Date (Month/Day/ Year)

2A. Deemed       Execution      Date, if      any    (Month/Day/     Year)

3. Transaction     Code     (Instr.8)

4. Securities Acquired (A)      or Disposed of (D)      (Instr. 3, 4 and 5)

5. Amount of Securities     Beneficially Owned     at End of Month       (Instr. 3 and 4)

6. Ownership     Form: Direct     (D) or     Indirect (I)     (Instr. 4)

7. Nature of     Indirect     Beneficial     Ownership     (Instr. 4)

Code

V

Amount

(A) or  (D)

Price

Common Stock $.10 par value

12/20/02

P

2,500

A

$0.13

56,253*

D

Common Stock $.10 par value

1,060*

I

By spouse(1)

Common Stock $.10 par value

2,333*

I

By daughter(1)

Common Stock $.10 par value

108,786*

I

(2)

Common Stock $.10 par value

1,850*

I

(3)

FORM 4 (continued)

Table II ` Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of     Derivative     Security     (Instr. 3)

2. Conversion     or Exercise     Price of     Derivative     Security

3. Transaction Date (Month/Day/ Year)

3A. Deemed Execution Date, if any (Month/Day/ Year)

4. Trans-    action     Code     (Instr.8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

6. Date Exercisable  and Expiration Date (Month/Day/Year.)

7. Title and Amount of Underlying Securities  (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of     Derivative     Securities     Beneficially     Owned at     End of     Month     (Instr. 4)

10.  Ownership Form of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

11. Nature of Indirect Beneficial  Ownership   (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option to Purchase

$0.1700

11/06/01

A

150,000

11/06/01

11/05/06

Common Stock $.10 Par Value

150,000

150,000

D

Explanation of Responses:

*This amount gives effect to a three-for-one reverse stock split in August 2000.

(1) The furnishing of this information and the filing of this Statement should not be deemed an admission that the undersigned is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of such shares.

(2) Includes 108,786 shares held in Mr. Tulin's account under The New Swank, Inc. Retirement Plan.

(3) Includes 1,850 shares held in the accounts under The New Swank, Inc. Retirement Plan of members of Mr. Tulin's immediate family. Mr. Tulin disclaims beneficial ownership of the shares held in the accounts of the members of Mr. Tulins family under The New Swank, Inc. Retirement Plan.

		/s/ John Tulin		12/10/01
		**Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
	See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.