FORM 5

[ ] Check box if no longer
      subject to Section 16,
      Form 4 or Form 5
      obligations may continue.
      See Instruction 1(b).

[ ] Form 3 Holdings Reported

[ ] Form 4 transactions Reported

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

ANNUAL 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

______________________
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1. Name and Address of Reporting Person ^*

Reyes Corazon

2. Issuer Name and Ticker or trading Symbol

Tarrant Apparel Group: TAGS

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

     Director                                             ____10% Owner
  X  Officer (give title below)                            Other (specify below)

                        Executive Vice President/Secretary

(Last) (First) (Middle)

3151 East Washington Boulevard

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

4. Statement For
Month/Year

December 2001

(Street)

Los Angeles California 90023

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

7. Individual or Joint/Group Reporting
(check applicable line)

X Form Filed By One Reporting Person
____Form Filed By More than One Reporting Person

(City) (State) (Zip)

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

1. Title of Security
(Instr. 3)

2. transaction
Date
(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 the
    Issuer's Fiscal
    Year
    (Instr. 3 and 4)

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

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

Amount

(A) or (D)

Price

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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)

4.transaction
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
    Deriva-
    tive
    Security
    (Instr.5)

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

10.Ownership
     of
     Derivative
     Security:
     Direct (D)
     or Indirect
     (I)
    (Instr. 4)

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

(A)

(D)

Date
Exercisable

Expiration
Date

Title

Amount or
Number of
Shares

Stock Option
(right to buy)

5.090

12/17/01

30,000

(1)

12/17/11

Common Stock

30,000

Explanation of Responses: (1) The option becomes exercisable in four equal installments, the first such installment on June 17, 2002, and the next three installments on the first, second and third anniversary dates of the grant date, December 17, 2001.


		/s/ Corazon Reyes ____________________________________	February 11, 2002 ______________________
		Corazon Reyes	Date


**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See18 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.

REYES CORAZON R 5