FORM 4

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

     (Print or Type Responses)

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

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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^* Olberz Norbert J.	2. Issuer Name and Ticker or Trading Symbol Sport Chalet - SPCH		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ____Director X 10% Owner ____Officer (give title below) ____Other (specify below) __________________________________
(Last) (First) (Middle) One Sport Chalet Drive	3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)	4. Statement For Month/Day/Year January 31, 2003
(Street) La Canada CA 91011		5. If Amendment, Date of Original (Month/Day/Year)	7. Individual or Joint/Group Filing (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)	2A. Deemed Execution Date, if any (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 Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price
Sport Chalet, Inc. Common Stock	01/31/03		P		48,538	A	$6.98	4,400,510	I	Through Family Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see instruction 4(b)(v).

SEC 1474 (9-02)

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)

3A. Deemed Execution
Date, if any
(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
    Derivative
    Security
    (Instr.5)

9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    Following
    Reported
    Transaction(s)
    (Instr. 4)

10. Ownership
     Form of
     Derivative
     Securities
     Beneficially
     Owned at
     End of Month
     (Instr. 4)

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

Date
Exercisable

Expiration
Date

Title

Amount or
Number of
Shares

Code

(A)

(D)

Explanation of Responses:

/s/ Norbert J. Olberz
___________________________________________

1/31/03
_______________________

**Signature of Reporting Person

Date

Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 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.

OLBERZ NORBERT J 4