CERTIFICATE OF AMENDMENT
                                       TO
                              AMENDED AND RESTATED
                          CERTIFICATE OF INCORPORATION
 
 
          RACING  CHAMPIONS  CORPORATION,  a  corporation organized and existing
under and by virtue of the General Corporation Law of the State of Delaware (the
"Corporation"),
 
DOES  HEREBY  CERTIFY:
 
          FIRST:  That  the Board of Directors of the Corporation has determined
that  it  is  advisable  and  in  the best interests of the Corporation that the
Certificate  of  Incorporation  of  the  Corporation  be amended by deleting the
current  text  of  ARTICLE  FOUR  thereof  and  substituting in lieu thereof the
following:
 
                                  ARTICLE FOUR
 
          The  total  number  of  shares  of  stock  which  the  Corporation has
authority  to  issue  is  28,000,000  shares of Common Stock, par value $.01 per
share.
 
          SECOND:  That  in  accordance  with  section  222  of  the  General
Corporation  Law  of  the State of Delaware, at a meeting of the stockholders of
the  Corporation  duly  held  on June 11, 1998, the holders of a majority of the
issued and outstanding shares of capital stock of the Corporation voted in favor
of  such  amendment.
 
          THIRD:  That  the  foregoing  amendment was duly adopted in accordance
with  the applicable provisions of section 242 of the General Corporation Law of
the  State  of  Delaware.
 
          IN  WITNESS WHEREOF, the Corporation has caused this Certificate to be
signed  by  Robert  E. Dods, its President, and attested by Curtis W. Stoelting,
its  Secretary,  on  this  11th  day  of  June,  1998.
 
                                           RACING  CHAMPIONS  CORPORATION
 
                                           BY     /s/  Robert  E.  Dods
                                               -----------------------------
                                                 Robert E. Dods, President
 
                                               Attest:
 
                                                 /s/  Curtis  W.  Stoelting
                                               --------------------------------
                                                Curtis W. Stoelting, Secretary