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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950134-97-001264.txt : 19970223
<SEC-HEADER>0000950134-97-001264.hdr.sgml : 19970223
ACCESSION NUMBER:		0000950134-97-001264
CONFORMED SUBMISSION TYPE:	SC 13G/A
CONFIRMING COPY:	
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970220
SROS:			NONE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEATHER FACTORY INC
		CENTRAL INDEX KEY:			0000909724
		STANDARD INDUSTRIAL CLASSIFICATION:	LEATHER & LEATHER PRODUCTS [3100]
		IRS NUMBER:				752543540
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-46536
		FILM NUMBER:		00000000

	BUSINESS ADDRESS:	
		STREET 1:		3847 EAST LOOP
		STREET 2:		820 SOUTH
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76119
		BUSINESS PHONE:		8174964414

	MAIL ADDRESS:	
		STREET 1:		3847 EAST LOOP
		STREET 2:		820 SOUTH
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76119

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEATHER FACTORY INC EMPLOYEES STOCK OWNERSHIP PLAN & TRUST
		CENTRAL INDEX KEY:			0001033691
		STANDARD INDUSTRIAL CLASSIFICATION:	 []

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 17089
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8174964414
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<DESCRIPTION>AMENDMENT NO. 2 TO SCHEDULE 13G
<TEXT>

<PAGE>   1
THIS DOCUMENT IS A COPY OF THE SCHEDULE 13G FILED ON FEBRUARY 14, 1997 PURSUANT
TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION.


                                                            OMB APPROVAL
                                                     ---------------------------
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                                                     hours per response...14.90


                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  SCHEDULE 13G


                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 2)*

                          THE LEATHER FACTORY, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                       Common Stock, $0.0024 par value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                  522126101
                 --------------------------------------------
                                (CUSIP Number)


Check the following box if a fee is being paid with this statement / /.  (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes). 



               
SEC 1745 (2/92)               Page 1 of 4 pages
<PAGE>   2
CUSIP No. 522126101                  13G                       Page 2 of 4 Pages



- --------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      The Leather Factory, Inc. Employees' Stock Ownership Plan and Trust
- --------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       
                                                             (a) /  /
                                                             (b) /  /

- --------------------------------------------------------------------------------
 3    SEC USE ONLY



- --------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION

      USA/Texas
- --------------------------------------------------------------------------------
                               5     SOLE VOTING POWER

          NUMBER OF            
                                     746,178
           SHARES              -------------------------------------------------
                               6     SHARED VOTING POWER
        BENEFICIALLY           
                               
          OWNED BY                   -0-
                               ------------------------------------------------
            EACH               7     SOLE DISPOSITIVE POWER
                    
          REPORTING 
                                     746,178
           PERSON              ------------------------------------------------
                               8     SHARED DISPOSITIVE POWER                  
            WITH    
                                     
                                     -0-
- ------------------------------------------------------------------------------- 
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


      N/A  
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


      N/A
- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


     7.57
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*


      EP
- --------------------------------------------------------------------------------



                     *SEE INSTRUCTION BEFORE FILLING OUT!


                              Page 2 of 4 pages

<PAGE>   3
                                                            Page 3 of 4 Pages

Item 1.         (a)     NAME OF ISSUER:

                        The Leather Factory, Inc.


                (b)     ADDRESS OF ISSUER'S PRINCIPAL OFFICES:
                        
                        3847 East Loop 820 South
                        Fort Worth, Texas 76119


Item 2.         (a)     NAME OF PERSON FILING:

                        The Leather Factory, Inc. Employees' Stock
                        Ownership Plan and Trust


                (b)     ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, 
                        RESIDENCE:

                        Bank of Commerce, Trustee
                        P.O. 17089
                        Fort Worth, Texas 76102


                (c)     CITIZENSHIP:

                        Not applicable


                (d)     TITLE OF CLASS OF SECURITIES:

                        Common Stock, $0.0024 par value


                (e)     CUSIP NUMBER:

                        522126101                


Item 3.         TYPE OF REPORTING PERSON:

                Employee Benefit Plan


Item 4.         OWNERSHIP:

                (a)     AMOUNT BENEFICIALLY OWNED:

                        746,178 shares of Common Stock

                (b)     PERCENT OF CLASS:

                        7.57

<PAGE>   4
                                                               Page 4 of 4 Pages

                (c)     NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

                        (i)     Sole power to vote or to direct the vote:

                                746,178

                        (ii)    Shared power to vote or direct the vote:

                                -0-

                        (iii)   Sole power to dispose or to direct the 
                                disposition of:

                                746,178

                        (iv)    Shared power to dispose or to direct the
                                disposition of:

                                -0-

Items 5. through 10.    Not Applicable.

                                   SIGNATURE

        After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete, 
and correct.

Date:  February 11, 1997

                                      THE LEATHER FACTORY, INC. EMPLOYEES' STOCK
                                      OWNERSHIP PLAN AND TRUST

                                      By: Bank of Commerce, Trustee


                                      By: /s/ ROBERT D. ROTEN
                                          -------------------------------------
                                          Robert D. Roten, Senior Vice President

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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