WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)      June 2, 2006

                             ESCALADE, INCORPORATED
             (Exact Name of Registrant as Specified in Its Charter)

                 (State or Other Jurisdiction of Incorporation)

               0-6966                                  13-2739290
      (Commission File Number)             (IRS Employer Identification No.)

     251 Wedcor Avenue, Wabash, Indiana                  46992
  (Address of Principal Executive Offices)             (Zip Code)

                                 (260) 569-7208
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)

         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

Section 1 - Registrant's Business and Operations

Item 1.01   Entry into a Material Definitive Agreement

On June 1, 2006, the Company executed a sixth amendment to the revolving term
agreement that effectively maintained the current available borrowing limit at
$31 million and delayed the annual reduction of $7 million until May 19, 2007.
All other terms of the agreement were unchanged. As of May 31, 2006 the
outstanding balance on this line was $27.8 million.

Item 9.01   Financial Statements and Exhibits

            (c)   Exhibits

                  Exhibit        Description
                  -------        -----------

                  10.1           Sixth Amendment to Amended and Restated Credit
                                 Agreement effective October 24, 2001 by and
                                 between Escalade, Incorporated and JPMorgan
                                 Chase Bank, NA. The effective date of the
                                 Amendment was May 19, 2006.


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

Date:  June 2, 2006                    ESCALADE, INCORPORATED

                                       By: /s/ TERRY D. FRANDSEN
                                           Terry D. Frandsen, Vice President and
                                           Chief Financial Officer