A fishing tool designed to attach and remove split shot to/from fishing line is disclosed. The tool comprises a top member, which is a flexible bowed strip of spring metal, pivotally connected to a base member, which is a rigid strip of sheet metal. Split shot is attached by threading line through the split and securing the shot in a splayed groove in the base member. Manual pressure applied to the plier end of the top member bends it down so as to compress the shot, causing it to close around the line. Split shot is removed from a line by placing the attached shot in a concave depression in the base member and exerting downward pressure on the prying end of the top member. A wedge-shaped prying tool in the prying end penetrates the split in the shot and pries it open, releasing the line.