SEC Filing | Oxford Industries Inc.

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               SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C.  20549
                           FORM 10-Q

       [ X ]  Quarterly Report Pursuant To Section 13 or 15(d) of
                 The Securities Exchange Act of 1934

        For the quarterly period ended February 25, 2000
                                       -----------------
                                  OR
       [   ]  Transition Report Pursuant To Section 13 or 15(d) of
                 The Securities Exchange Act of 1934

For the transition period from                 to
                               ----------------  ----------------
Commission File Number 1-4365
                       ------

                    OXFORD INDUSTRIES, INC.
- ------------------------------------------------------------------
     (Exact name of registrant as specified in its charter)

            Georgia                           58-0831862
- -------------------------------     ------------------------------
(State or other jurisdiction of           (I.R.S. Employer
incorporation or organization)         Identification Number)

       222 Piedmont Avenue, N.E., Atlanta, Georgia  30308
       --------------------------------------------------
            (Address of principal executive offices)
                           (Zip Code)

                         (404) 659-2424
      ----------------------------------------------------
      (Registrant's telephone number, including area code)

                         Not Applicable
- ------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed  since
last report.)

      Indicate by check mark whether the registrant (1) has filed  all
reports  required to be filed by Section 13 or 15(d) of the Securities
Exchange  Act  of  1934 during the preceding 12 months  (or  for  such
shorter period that the registrant was required to file such reports),
and  (2) has been subject to such filing requirements for the past  90
days.
Yes   X     No
    -----      -----

     Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.

                                   Number of shares outstanding
    Title of each class                as of April 3, 2000
- ---------------------------        ----------------------------
Common Stock, $1 par value                   7,651,115









                    PART I.  FINANCIAL INFORMATION

Item 1. Financial Statements.
- -----------------------------


                        OXFORD INDUSTRIES, INC
                  CONSOLIDATED STATEMENT OF EARNINGS
 NINE MONTHS AND QUARTER ENDED FEBRUARY 25, 2000 AND FEBRUARY 26, 1999
                              (UNAUDITED)


                           Nine Months Ended             Quarter Ended
                      -------------------------   ------------------------
$ in thousands except    February 25, February 26, February 25, February 26,
per share amounts            2000       1999           2000        1999
                        ------------ -----------    ------------ -----------
Net Sales                   $593,148    $637,154     $187,466   $206,027

Costs and Expenses:
   Cost of goods sold        486,565     513,471      152,504    166,051
   Selling, general and
    administrative            77,855      86,843       26,755     28,329
   Interest                    2,643       3,505          823      1,274
                             -------     -------      -------    -------
Total Costs and Expenses     567,063     603,819      180,082    195,654
                             -------     -------      -------    -------

Earnings Before Income Taxes  26,085      33,335        7,384     10,373

Income Taxes                   9,912      13,000        2,806      4,045
                             -------     -------      -------    -------
Net Earnings                $ 16,173     $20,335      $ 4,578    $ 6,328
                            ========     =======      =======    =======
Basic Earnings Per
   Common Share                $2.09       $2.40        $0.60      $0.77
                             =======     =======      =======    =======
Diluted Earnings Per
   Common Share                $2.08       $2.37        $0.60      $0.76
                             =======     =======      =======     ======

Basic Number of Shares
   Outstanding            7,741,770    8,480,577    7,651,115  8,259,390
                          =========    =========    =========  =========
Diluted Number of Shares
   Outstanding            7,785,557    8,597,626    7,662,566  8,342,747
                          =========    =========    =========  =========

Dividends Per Share           $0.63        $0.61        $0.21      $0.21
                          =========    =========    =========  =========

See notes to consolidated financial statements.












                        OXFORD INDUSTRIES, INC.
                      CONSOLIDATED BALANCE SHEETS
         FEBRUARY 25, 2000, MAY 28, 1999 AND FEBRUARY 26, 1999
                  (UNAUDITED EXCEPT FOR MAY 28, 1999)


$ in thousands              February 25,       May 28,   February 26,
- --------------                 2000             1999        1999
                            -----------        -------    -----------
Assets
- ------
Current Assets:
  Cash                          $ 12,939      $ 11,077       $ 5,073
  Receivables                    119,597       114,706       137,252
  Inventories:
     Finished goods               85,514        92,195        98,166
     Work in process              22,776        24,579        24,519
     Fabric, trim & supplies      25,458        30,154        25,740
                                --------      --------      --------
                                 133,748       146,928       148,425
  Prepaid expenses                13,056        13,791        15,330
                                --------      --------      --------
     Total Current Assets        279,340       286,502       306,080
Property Plant and Equipment      37,644        37,347        37,471
Other Assets                      12,519        11,473        11,771
                                --------      --------      --------
  Total Assets                  $329,503      $335,322      $355,322
                                ========      ========      ========

Liabilities and Stockholders' Equity
- ------------------------------------
Current Liabilities
  Notes payable                  $32,500       $33,000       $66,000
  Trade accounts payable          55,268        61,397        50,554
  Accrued compensation             9,754        12,897        10,597
  Other accrued expenses          24,234        22,429        22,872
  Dividends payable                1,607         1,694         1,721
  Current maturities of long-
     term debt                       191           351           342
                                --------      --------      --------
    Total Current Liabilities    123,554       131,768       152,086

  Long-Term Debt, less
     current maturities           40,607        40,689        40,776

  Noncurrent Liabilities           4,500         4,500         4,500

  Deferred Income Taxes            2,190         4,014         3,889

  Stockholders' Equity:
     Common stock                  7,651         7,932         8,089
     Additional paid in capital   11,310        11,244        11,149
     Retained earnings           139,691       135,175       134,833
                                --------      --------      --------
     Total Stockholders' Equity  158,652       154,351       154,071
                                --------      --------      --------
  Total Liabilities and
     Stockholders' Equity       $329,503      $335,322      $355,322
                                ========      ========      ========


See notes to consolidated financial statements.








                        OXFORD INDUSTRIES, INC.
                 CONSOLIDATED STATEMENTS OF CASH FLOWS
       NINE MONTHS ENDED FEBRUARY 25, 2000 AND FEBRUARY 26, 1999
                              (UNAUDITED)
                                                  February 25,   February 26,
                                                       2000            1999
Cash Flows From Operating Activities       ---------------------------------
- ------------------------------------
   Net earnings                                     $    16,173   $  20,335
   Adjustments to reconcile net earnings to
     net cash provided by (used in) operating activities:
    Depreciation and amortization                         6,639       6,523
   Gain on sale of property, plant
     and equipment                                         (137)       (439)

   Changes in working capital:
     Receivables                                         (4,891)    (36,411)
     Inventories                                         13,180      12,404
     Prepaid expenses                                       735      (1,612)
     Trade accounts payable                              (6,129)     (6,771)
     Accrued expenses and other current liabilities      (1,338)       (946)
  Deferred income taxes                                  (1,824)       (182)
  Other noncurrent assets                                  (770)         46
    Net cash provided by (used in)                    -----------   ---------
      operating activities                               21,638      (7,053)

Cash Flows From Investing Activities
- ------------------------------------
  Acquisitions                                           (2,634)    (21,712)
Purchase of property, plant and equipment                (4,657)     (4,704)
Proceeds from sale of property, plant and
    and equipment                                           217         809
                                                       --------  ----------
     Net cash used in investing activities               (7,074)    (25,607)

Cash Flows From Financing Activities
- ------------------------------------
  Short-term borrowings                                    (500)     54,500
  Payments on long-term debt                               (242)       (759)
  Proceeds from exercise of stock options                   314         512
  Purchase and retirement of common stock                (7,348)    (21,439)
  Dividends on common stock                              (4,926)     (5,150)
     Net cash (used in) provided by                      -------     -------
        financing activities                            (12,702)     27,664


Net change in Cash and Cash Equivalents                   1,862      (4,996)
Cash and Cash Equivalents at Beginning of Period         11,077      10,069
                                                       --------     --------
Cash and Cash Equivalents at End of Period             $ 12,939     $ 5,073
                                                       ========    ========

Supplemental Disclosure of Cash Flow Information
- ------------------------------------------------
     Cash paid for:
        Interest                                      $  2,447     $  3,417
        Income taxes                                     9,905       13,736


See notes to consolidated financial statements.




                        OXFORD INDUSTRIES, INC.
              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
        QUARTERS ENDED FEBRUARY 25, 2000 AND FEBRUARY 26, 1999

1.      The  foregoing unaudited consolidated financial statements
  reflect all adjustments which are, in the opinion of management,
  necessary  to  a fair statement of the results for  the  interim
  periods.  All such adjustments are of a normal recurring nature.
  The  results for interim periods are not necessarily  indicative
  of results to be expected for the year.

2.     The financial information presented herein should be read in
  conjunction with the consolidated financial statements  included
  in  the  Registrant's Annual Report on Form 10-K for the  fiscal
  year ended May 28, 1999.

3.       The Company is involved in certain legal matters primarily
  arising  in  the normal course of business.  In the  opinion  of
  management, the Company's liability under any of these matters would
  not  materially  affect its financial condition  or  results  of
  operations.

4.       Oxford Industries, Inc adopted SFAS No. 131, "Disclosures
  about  Segments of an Enterprise and Related Information", which
  requires certain financial statement footnote disclosure as to the
  Company's business segments, which are the Oxford Shirt Group, Lanier
  Clothes, Oxford Slacks, the Oxford Womenswear Group and corporate and
  other.

  The Shirt Group operations encompass dress and sport shirts, and a
  broad range of men's and boy's sportswear. Lanier Clothes produces
  suits, sportcoats, suit separates and dress slacks.  Oxford Slacks
  is a producer of private label dress and casual slacks and shorts.
  The Oxford Womenswear Group is a producer of budget and moderate
  priced private label women's apparel.  Corporate and other includes
  the Company's corporate offices, transportation and logistics and
  other costs and services that are not allocated to operating
  groups.

                        Oxford Industries, Inc
                          Segment Information
                              (unaudited)


$ in thousands            Nine Months Ended             Three Months Ended
                     February 25,    February 26, February 25,  February 26,
                       2000               1999      2000            1999

Sales

Oxford Shirt Group       $172,869    $246,832       $46,612    $69,871
Lanier Clothes            128,880     129,521        40,670     39,127
Oxford Slacks              71,542      74,900        22,042     23,868
Oxford Womenswear Group   219,679     184,217        78,082     72,586
Corporate and other           178       1,684            60        575
                        ---------   ---------      --------   --------
Total                     593,148     637,154       187,466    206,027

Depreciation and amortization

Oxford Shirt Group          1,833       2,285           653        743
Lanier Clothes              1,367       1,438           486        451
Oxford Slacks                 827         816           277        259
Oxford Womenswear Group     1,891       1,181           673        537
Corporate and other           721         803           255        253
                        ---------     -------        ------    -------
Total                       6,639       6,523         2,344      2,243


                        Oxford Industries, Inc
                          Segment Information
                              (unaudited)





$ in thousands                Nine Months Ended          Three Months Ended
                       February 25,  February 26,   February 25,  February 26,
                           2000          1999          2000           1999
Operating profit

Oxford Shirt Group          8,876      20,433         (683)      3,668
Lanier Clothes              8,899       7,131         2,269      1,776
Oxford Slacks               3,653       5,169           759      1,525
Oxford Womenswear Group    12,703       6,822         6,159      3,889
Corporate and other        (5,403)     (2,715)         (297)       789
                         ---------     -------        ------   -------
Total                      28,728      36,840         8,207     11,647

Interest expense, net       2,643       3,505           823      1,274
Earnings before taxes      26,085      33,335         7,384     10,373



$ in thousands                 February 25,     February 26,
                                  2000              1999
ASSETS

Oxford Shirt Group                $99,953         127,095
Lanier Clothes                     90,905         102,250
Oxford Slacks                      40,578          39,241
Oxford Womenswear Group           104,377          96,264
Corporate and other                (6,310)         (9,528)
                                  -------         --------
Total                             329,503         355,322


Purchase of property, plant and equipment

Oxford Shirt Group                  1,863           1,749
Lanier Clothes                        547           1,984
Oxford Slacks                         466             320
Oxford Womenswear Group               394             354
Corporate and other                 1,387             297
                                    -----          ------
Total                               4,657           4,704


 Item 2.  Management's Discussion and Analysis of Financial Condition
                      and Results of Operations.


RESULTS OF OPERATIONS

     The following table sets forth items in the Consolidated
Statements of Earnings as a percent of net sales and the percentage
change of those items as compared to the prior year. ($ in thousands;
Percentages are calculated based on actual data, but columns may not
add due to rounding.)


                           NINE MONTHS ENDED      THREE MONTHS ENDED
                               FEBRUARY                FEBRUARY
                         ------------------------ ------------------------
                                             %                         %
                           2000    1999    CHANGE     2000   1999    CHANGE
                         ------------------------ -------------------------

NET SALES                593,148   637,154   -6.9%   187,466  206,027   -9.0%
Cost of Goods Sold       486,565   513,471   -5.2%   152,504  166,051   -8.2%
GROSS PROFIT             106,583   123,683  -13.8%    34,962   39,976  -12.5%
Selling, General &
Admin                     77,855    86,843  -10.3%    26,755   28,329   -5.6%
OPERATING INCOME          28,728    36,840  -22.0%     8,207   11,647  -29.5%
Interest                   2,643     3,505  -24.6%       823    1,274  -35.4%
EARNINGS BEFORE INCOME
TAXES                     26,085    33,335  -21.7%     7,384   10,373  -28.8%
Income Taxes               9,912    13,000  -23.8%     2,806    4,045  -30.6%
NET EARNINGS              16,173    20,335  -20.5%     4,578    6,328  -27.7%
                         =========================   ========================
AS A PERCENTAGE OF SALES:

NET SALES                 100.0%     100.0%           100.0%     100.0%
Cost of Goods Sold         82.0%      80.6%            81.4%      80.6%
GROSS PROFIT               18.0%      19.4%            18.6%      19.4%
Selling, General  & Admin  13.1%      13.6%            14.3%      13.8%
OPERATING INCOME            4.8%       5.8%             4.4%       5.7%
Interest                    0.4%       0.6%             0.4%       0.6%
EARNINGS BEFORE INCOME
TAXES                       4.4%       5.2%             3.9%       5.0%
Income Taxes                1.7%       2.0%             1.5%       2.0%
NET EARNINGS                2.7%       3.2%             2.4%       3.1%
                          =================          ==================
Total Company

     Net  sales  for  the third quarter declined 9.0%  from  the  same
quarter  of  the  prior  year.   The absence  of  Polo  for  Boys  was
responsible  for more than all of the sales decline.   Excluding  Polo
for  Boys, net sales increased 2.1% over the same quarter of the prior
year.  Excluding Polo, third quarter unit sales increased 8.2% and the
average unit selling price declined 5.6% reflecting a continuing shift
in  product mix.  Total branded sales excluding Polo increased  21.1%.
Total private label sales were even with last year.

     Gross profit declined to 18.6% of net sales in the third quarter
of the current year from 19.4% in the third quarter of the previous
year.  The shift in sales mix had a negative impact on gross profit.
Under absorbed manufacturing cost due to product mix and production
fluctuations also negatively impacted gross profit.

         Selling, general and administrative expenses decreased in
absolute terms.  The decline was primarily attributable to the change
in sales mix.

         Interest expense declined in both absolute terms and as a
percent of sales.  Weighted average borrowings decreased in the
current year due to the acquisition of Next Day in the prior year and
increased repurchase of the Company's common stock in the prior year.

         The Company's effective tax rate was 39.0% in the prior year
and 38.0% the current year and does not differ significantly from the
Company's statutory rate.



Segment Results

Effective with the Company's 1999 fiscal year, the Company adopted Statement
of Financial Accounting Standards No. 131 "Disclosures about Segments
of an Enterprise and Related Information", as disclosed in footnote 4.
All data with respect to the Company's specific segments included
within "Management Discussion and Analysis" is presented before
applicable intercompany eliminations.  ($ in thousands; percentages
are calculated based on actual data, but columns may not add due to
rounding.)



                           NINE MONTHS ENDED          THREE MONTHS ENDED
                               FEBRUARY                   FEBRUARY
                          ----------------------    -----------------------
                                            %                       %
NET SALES                   2000   1999   CHANGE      2000   1999   CHANGE
                          ----------------------    ------------------------

Oxford Shirt Group       172,869  246,832   -30.0    46,612  69,871  -33.3
Lanier Clothes           128,880  129,521    -0.5    40,670  39,127    3.9
Oxford Slacks             71,542   74,900    -4.5    22,042  23,868   -7.7
Oxford Womenswear Group  219,679  184,217    19.3    78,082  72,586    7.6
Corporate and Other          178    1,684   -89.4        60     575  -89.6
                         ------------------------   ----------------------
Total Net Sales          593,148  637,154    -6.9   187,466 206,027   -9.0
                         ========================   ======================

AS A PERCENTAGE OF TOTAL SALES:

Oxford Shirt Group          29.1%  38.7%              24.9%  33.9%
Lanier Clothes              21.7%  20.3%              21.7%  19.0%
Oxford Slacks               12.1%  11.8%              11.8%  11.6%
Oxford Womenswear Group     37.0%  28.9%              41.7%  35.2%
Corporate and Other          0.0%   0.3%               0.0%   0.3%
                           ------ ------             ------ ------
Total Net Sales            100.0% 100.0%             100.0% 100.0%
                           ====== ======             ====== ======


                           NINE MONTHS ENDED      THREE MONTHS ENDED
                                FEBRUARY               FEBRUARY

OPERATING INCOME            2000   1999   CHANGE    2000   1999   CHANGE
                          ----------------------    ----------------------
Oxford Shirt Group         8,876  20,433  -56.6%     (683)  3,668  -118.6%
Lanier Clothes             8,899   7,131   24.8%    2,269   1,776    27.8%
Oxford Slacks              3,653   5,169  -29.3%      759   1,525   -50.2%
Oxford Womenswear Group   12,703   6,822   86.2%    6,159   3,889    58.4%
Corporate and Other       (5,403) (2,715)  99.0%     (297)    789  -137.6%
                          ----------------------   -----------------------
Total Operating Income    28,728  36,840  -22.0%    8,207  11,647   -29.5%
                          ======================   =======================

AS A PERCENTAGE OF NET SALES:

Oxford Shirt Group           5.1%    8.3%            -1.5%    5.2%
Lanier Clothes               6.9%    5.5%             5.6%    4.5%
Oxford Slacks                5.1%    6.9%             3.4%    6.4%
Oxford Womenswear Group      5.8%    3.7%             7.9%    5.4%
Corporate and Other           nm  -161.2%          -495.0%  137.2%
                           --------------          ---------------
Total                        4.8%    5.8%             4.4%   5.7%
                           ==============          ===============

Oxford Shirt Group

         The Oxford Shirt Group reported a third quarter sales decline
of 33.3% to $46,612,000 from $69,871,000 last year.  Unit sales
decreased 36.1% and average unit selling price increased 4.4%.  The
absence of Polo for Boys was primarily responsible for the sales
decline.  Oxford Shirtings, Tommy Hilfiger Dress Shirts and OxSport
had sales declines and Tommy Hilfiger Golf and Ely & Walker had sales
gains.  Izod Club contributed nominally to sales for the quarter.
Operating profit declined from $3,668,000 last year to an operating
loss of $683,000 this year.  The operating loss was attributable to
start-up costs for Izod Club, the absence of Polo for Boys,
manufacturing losses in Company-owned facilities and higher than
expected markdowns in the Tommy Hilfiger divisions.

Lanier Clothes

         Lanier Clothes reported a third quarter sales increase of
3.9% to $40,670,000 from $39,127,000 last year.  Growth in lower
priced product categories, particularly dress slacks, resulted in a
17.9% increase in unit sales and an 11.8% decrease in average unit
selling price.  Sales gains in Geoffrey Beene and Nautica offset sales
declines in National Accounts, Specialty Catalog/Retail and Oscar de
la Renta.  Lanier benefited from higher gross margins due to a more
favorable product mix and lower inventory variances.  Operating profit
increased 27.8% to $2,269,000 from $1,776,000 last year.

Oxford Slacks

         Oxford Slacks reported a third quarter sales decline of 7.7%
to $22,042,000 from $23,868,000 last year.  Unit sales declined 8.5%
and the average selling price increased 0.9%.  The Mature Men's and
Specialty Catalog divisions had sales increases and the Mass Merchant
and Young Men's divisions had sales declines.  Operating profit
declined 50.2% to $759,000 from $1,525,000 last year due primarily to
lower gross margins.

Oxford Womenswear Group

         The Oxford Womenswear Group reported third quarter sales of
$78,082,000 up 7.6% from last year's sales of $72,586,000.  Unit sales
grew 12.3% and the average unit selling price declined 4.3%.
Sportswear Separates and Sportswear Collections reported sales
increases and Catalog and Special Markets and Next Day Apparel
reported sales declines.  Operating profit increased 58.4% to
$6,159,000 from $3,889,000 last year. The operating margin improved to
7.9% from 5.4% in the prior period.

FUTURE OPERATING RESULTS

         During the third quarter, the Company signed a licensing
agreement with Levi Strauss & Co. to market a Slates collection of
soft suitings, tailored components and sportcoats.  The line will be
introduced for Spring 2001 delivery.

         During the third quarter, the Company signed a licensing
agreement with Donna Karan International to market DKNY Kids in the
United States and Canada.  The license includes girls 7-16, 4-6,
infants, toddler and layette, as well as boys 8-20, 4-7, infant,
toddler and layette.  The Fall 2000 line will be shipped by the
Company.

         The Company anticipates a strong fourth quarter and expects
no more than a mid single digit decline in sales and earnings per
share for the full year.

LIQUIDITY AND CAPITAL RESOURCES

Operating Activities

         Operating activities generated $21,638,000 through nine
months in the current year and used $7,053,000 in the first nine
months of the prior year.  The primary factors contributing to this
change were a smaller increase in receivables in the current year than
in the prior year offset by the decrease in net earnings.

Investing Activities

         Investing activities used $7,074,000 in the first nine months
of the current year and used $25,607,000 in the comparable period of
the prior year.  The primary difference was the acquisition of Next
Day Apparel in the prior year.


Financing Activities

         Financing activities used $12,702,000 in the first nine
months of the current year and generated $27,664,000 in the same
period of the prior year.  The primary factors contributing to this
change was the reduction in short borrowings in the current year as
compared to an increase in the prior year, offset by the reduced
purchase and retirement of the Company's common stock from the prior
year.

         During the first nine months of the current year, the Company
purchased and retired 296,500 shares of the Company's common acquired
in the open market.  No shares were purchased in the third quarter.

Working Capital

         Working capital increased  from $153,994,000 at the end of
the third quarter of the prior year to $154,734,000 at the end of the
1999 fiscal year and increased to $155,786,000 at the end of the third
quarter of the current year.  The ratio of current assets to current
liabilities was 2.0 at the end of the third quarter of the prior year,
2.2 at the end of the 1999 fiscal year and 2.3 at the end of the third
quarter of the current year.


FUTURE LIQUIDITY AND CAPITAL RESOURCES

         The Company believes it has the ability to generate cash
and/or has available borrowing capacity to meet its foreseeable needs.
The sources of funds primarily include funds provided by operations
and both short-term and long-term borrowings.  The uses of funds
primarily include working capital requirements, capital expenditures,
acquisitions, stock repurchases, dividends and repayment of short-term
and long-term debt.  The Company regularly utilizes committed bank
lines of credit and other uncommitted bank resources to meet working
capital requirements.  On February 25, 2000 the Company had available
for its use lines of credit with several lenders aggregating
$52,000,000. The Company has agreed to pay commitment fees for these
available lines of credit.  On February 25, 2000, $52,000,000 was in
use under these lines, of which $40,000,000 was long-term.  In
addition, the Company has $216,500,000 in uncommitted lines of credit,
of which $128,500,000 is reserved exclusively for letters of credit.
The Company pays no commitment fees for these available lines of
credit.  On February 25, 2000, $20,500,000 was in use under these
lines of credit.  Maximum borrowings from all these sources during the
current year were $82,500,000 of which $40,000,000 was long-term.  The
Company anticipates continued use and availability of both committed
and uncommitted resources as working capital needs may require.

         The Company considers possible acquisitions of apparel-
related businesses that are compatible with its long-term strategies.
The Company's Board of Directors has authorized the Company to
purchase shares of the Company's common stock on the open market and
in negotiated trades as conditions and opportunities warrant.  There
are no present plans to sell securities (other than through employee
stock option plans and other employee benefits) or enter into off-
balance sheet financing arrangements.


SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995

         Certain statements included herein contain forward-looking
statements with respect to anticipated future results, which are
subject to risks and uncertainties that could cause actual results to
differ materially from anticipated results.  These risks and
uncertainties include, but are not limited to, general economic and
apparel business conditions, continued retailer and consumer
acceptance of Company products, and global manufacturing costs.

ADDITIONAL INFORMATION

     For additional information concerning the Company's operations,
cash flows, liquidity and capital resources, this analysis should be
read in conjunction with the Consolidated Financial Statements and the
Notes to Consolidated Financial Statements contained in the Company's
Annual Report for the fiscal year ended May 28, 1999.







                  PART II.  OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K.
- ------------------------------------------

(a) Exhibits.
    ---------

   10(i)  Note Agreement between the Company and Sun Trust of Georgia
          Dated February 18, 2000 covering the Company's long term note due
          August 18, 2001.


   27     Financial Data Schedule.



(b) Reports on Form 8-K.
    --------------------
     The Registrant did not file any reports on Form 8-K during the
     quarter ended February 25, 2000.
















































                           SIGNATURES

   Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.


                                OXFORD INDUSTRIES, INC.
                                -----------------------
                                     (Registrant)








                                /s/Ben B. Blount, Jr.
                                --------------------------
Date: April 5, 2000             Ben B. Blount, Jr.
      ---------------           Chief Financial Officer



               EXHIBIT 10(i)




SunTrust
Single Payment Note

(Nondisclosure)





                                   Single Disbursement Note

                                   Multiple Disbursement
                                   Master Note


                                    X   Multiple Disbursement
                                        Revolving Note
                                       (For Explanation See
                                         Reverse Side)



                                    Date   February 18, 2000




  The "Bank' referred to in this Note is SunTrust Bank,
Atlanta, Center Code 904  One Park Place, N.E., Atlanta,
Georgia 30303.



              549      days after date, the obligor
promises to pay to the order of Bank the principal sum
of $    40,000,000.00.  The obligor will also pay
interest upon the unpaid principal balance from date
until maturity at the Note Rate specified below.
Interest payments will

 be due on  DAILY OR END OF INTEREST PERIOD and upon
maturity. Should the obligor fail for any reason to pay
this note in full  on the maturity date or on the date
of acceleration of payment, the obligor further promises
to pay (a) interest on the unpaid amount from such date
until the date of final payment at a Default Rate equal
to the Note Rate plus 4%, and (b) a late fee equal to
five percent (5%) of any amount that remains  wholly or
partially unpaid for more than fifteen (15) days after
such amount was due and payable, not to exceed the sum
of fifty dollars ($50.00). Should  legal action or an
attorney at law be utilized to collect any amount due
hereunder, the obligor further promises to pay all costs
of collection, including  15% of such unpaid amount as
attorneys' fees.  All amounts due hereunder may be paid
at any office of Bank.

  The Note Rate hereon shall be  TO BE DETERMINED
                                 ----------------


  If not stated above, the Note Rate in effect on the
date this note is executed is _______%
     The amount of interest accruing and payable
hereunder shall be calculated by multiplying the
principal balance outstanding each day by 1/360th  of
the Note Rate on such day and adding together the daily
interest amounts.  The principal balance of this note
shall conclusively be deemed to be the  unpaid principal
balance appearing on the Bank's records unless such
records are manifestly in error.
           As security for the payment of this and any
other liability of any obligor to the holder, direct or
contingent, irrespective of the nature of such
liability or the time it arises, each obligor hereby
grants a security interest to the holder in all property
of such obligor in or coming into the possession,
control or custody of the holder, or in which the holder
has or hereafter acquires a lien, security interest, or
other right.  Upon default, holder may, without notice,
immediately take possession of and then sell or
otherwise dispose of the collateral, signing any
necessary documents as obligor's attorney in  fact, and
apply the proceeds against any liability of obligor to
holder.  Upon demand, each obligor will furnish such
additional collateral, and execute any  appropriate
documents related thereto, deemed necessary by the
holder for its security. Each obligor further authorizes
the holder, without notice, to  set-off any deposit or
account and apply any indebtedness due or to become due
from the holder to the obligor in satisfaction of any
liability described  in this paragraph, whether or not
matured.  The holder may, without notice, transfer or
register any property constituting security for this
note into its  or its nominee name with or without any
indication of its security interest therein.
           This note shall immediately mature and become
due and payable, without notice or demand, upon the
filing of any petition or the commencement of any
proceeding by any Debtor for relief under bankruptcy or
insolvency laws, or any law relating to the relief of
debtors, readjustment of indebtedness, debtor
reorganization, or composition or extension of debt.
Furthermore, this note shall, at the option of the
holder, immediately mature and  become due and payable,
without notice or demand, upon the happening of any one
or more of the following events: (1) nonpayment on the
due date of  any amount due hereunder; (2) failure of
any Debtor to perform any other obligation to the
holder; (3) failure of any Debtor to pay when due any
amount owed another creditor under a written agreement
calling for the payment of money; (4) the death or
declaration of incompetence of any Debtor;  (5) a
reasonable belief on the part of the holder that any
Debtor is unable to pay his obligations when due or is
otherwise insolvent; (6) the filing of any  petition or
the commencement of any proceeding against any Debtor
for relief under bankruptcy or insolvency laws, or any
law relating to the relief of  debtors, readjustment of
indebtedness, debtor reorganization, or composition or
extension of debt, which petition or proceeding is not
dismissed within 60  days of the date of filing thereof;
(7) the suspension of the transaction of the usual
business of any Debtor, or the dissolution, liquidation
or transfer to  another party of a significant portion
of the assets of' any Debtor; (8) a reasonable belief on
the part    of the holder that any Debtor has made a
false representation or warranty in connection with any
loan by or other transaction with any lender, lessor or
other creditor; (9) the issuance or filing of any levy,
attachment, garnishment, or lien against the property of
any Debtor which is not discharged within 15 days;
(10) the failure of any Debtor to satisfy immediately
any final judgment, penalty or fine imposed by a court
or administrative agency of any government; (11 )
failure of any Debtor, after demand, to furnish
financial information or to permit inspection of any
books or records; (12) any other act or circumstance
leading the holder to deem itself insecure.
     The failure or forbearance of the holder to
exercise any right hereunder, or otherwise granted by
law or another agreement, shall not affect or  release
the liability of any obligor, and shall not constitute a
waiver of such right unless so stated by the holder in
writing.  The holder may enforce its  rights against any
Debtor or any property securing this note without
enforcing its rights against any other Debtor, property,
or indebtedness due or to  become due to any Debtor.
Each obligor agrees that the holder shall have no
responsibility for the collection or protection of any
property securing this  note, and expressly consents
that the holder may from time to time, without notice,
extend the time for payment of this note, or any part
thereof, waive  its rights with respect to any property
or indebtedness, and release any other Debtor from
liability, without releasing such obligor from any
liability to  the holder.  This note is governed By
Georgia law.
           The term "obligor" means any party or other
person signing this note, whether as maker, endorser or
otherwise.  The term "Prime Rate", if  used  herein,
shall mean that rate of interest designated by Bank from
time to time as its "Prime Rate" which rate is not
necessarily the Bank's best rate.  Each  obligor agrees
to be both jointly and severally liable hereon. The term
"holder" means Bank and any subsequent transferee or
endorsee hereof. The  term  "Debtor" means any obligor
or any guarantor of this note. The principal of this
note will be disbursed in accordance with the
disbursement provision  identified above and further
described in the additional provisions set forth on the
reverse side hereof which are incorporated herein by
this reference.


 PRESENTMENT AND NOTICE OF DISHONOR ARE HEREBY WAIVED BY
EACH OBLIGOR


 ADDRESS

 222 PIEDMONT AVENUE, N.E.
 ATLANTA, GEORGIA 30308



 NAME:/S/ JIM WOLD
          OXFORD INDUSTRIES, INC.


 NAME: David Penter
     Director-Senior Relationship Manager


Credit To


August 18, 2001                                 904
Maturity Date        Treasurer Check Number     Center
Code

Account Number  Renewal   Increase  Reduction  /S/David Penter   91302
                                              Officer Name   Officer Number



WHITE: Bank Copy    YELLOW: Customer Copy     PINK: File
Copy
  1984, 1987, SunTrust Banks of Georgia, Inc.
  900362 (9/95)

  

 5

This schedule contains summary financial information extracted from SEC Form 10Q
and is qualified in its entirety by reference to such financial statements.

 1,000

                             
                   9-MOS
                          JUN-02-2000
                               FEB-25-2000
                                          12,939
                                         0
                                  122,812
                                     3,215
                                    133,748
                               279,340
                                         114,672
                                  77,028
                                 329,503
                          123,554
                                              0
                                0
                                          0
                                         7,651
                                     151,001
                   329,503
                                        593,148
                               593,148
                                          486,565
                                  486,565
                                77,855
                                     0
                               2,643
                                 26,085
                                     9,912
                              9,912
                                       0
                                      0
                                            0
                                     9,912
                                       2.09
                                     2.08




                           EXHIBIT 99

                        INDEX OF EXHIBITS
                    INCLUDED HERIN, FORM 10-Q
                        FEBRUARY 25, 2000
                                                     SEQUENTIAL
EXHIBIT                                                 PAGE
NUMBER              DESCRIPTION                        NUMBER
- -----------------------------------------------------------------

10(i)  Note Agreement between the Company and Suntrust
       of Georgia dated February 18, 2000 covering the
       Company's long term note due August 18, 2001       14-16


27     Financial Data Schedule                            17