A fishing tool is designed to attach and remove split shot to/from fishing line. 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. The top member comprises a plier end and a prying end, either of which can be pivoted into alignment with the working end of the base member. Split shot is attached by threading line through the split and securing the shot in a splayed groove in the working end of the base member. Manual pressure applied to the split shot by the plier end causes it to close around the line. Split shot is removed from a line by placing the attached shot in the splayed groove and exerting downward pressure on the prying end, which penetrates the split in the shot and pries it open.