/raid1/www/Hosts/bankrupt/TCREUR_Public/000914.mbx           T R O U B L E D   C O M P A N Y   R E P O R T E R     

                             E U R O P E

            Thursday, September 14, 2000, Vol. 1, No. 91

                              Headlines


C Z E C H   R E P U B L I C

INVESTICNI A POSTOVNI: Shares Ban from PSE for Six Months
INVESTICNI A POSTOVNI: Police to Investigate Insider Trading
SKODA PLZEN: Government to Approve Financial Restructuring Plan


D E N M A R K

COMBUS: Bus Company Close to Insolvency


H U N G A R Y

HTC KFT: Largest Charter Tour Operator Collapse


R O M A N I A

AGRICULTURAL BANK: Offers For Privatization
LAPOS NORD: Up for Closure
TEPRO:  FPS Seeks Solutions for Troubled Pipe Maker  


U N I T E D   K I N G D O M

ARMSTRONG OILER:  Notice Of Creditors Meeting
BENNISON GROUP:  Notice Of Creditors Meeting
BUTLIN:  Holiday Camps Losses Rise
CELLTECH: Reports Interim Pre-Tax Losses of 382.6 Million Pounds
CITY ESTATE:  Notice Of Creditors Meeting

COATS VIYELLA: 8,500 Jobs Threatened by Possible Sell-off
COLLYER ENSIGN:  Notice Of Creditors Meeting
CONNELL JOINERY:  Notice Of Creditors Meeting
FOX CONTROLS:  Notice Of Creditors Meeting
GRATUCRELS LTD:  Notice Of Creditors Meeting

INDEPENDENT ENERGY: Firm's Lenders Invited to Appoint Receiver
J P TOOLING:  Notice Of Creditors Meeting
JMA SIGNS:  Notice Of Creditors Meeting
JAMES N CONNELL:  Notice Of Creditors Meeting
JOHNSON BROTHERS:  Notice Of Creditors Meeting

KS BIOMEDIX: Posts Interim Pre-Tax Losses Of 2.3 Million Pounds
MILLENNIUM DOME: Nomura Withdraws Dome Bid
NUMOROSE LTD:  Notice Of Creditors Meeting
RANK: Undergoes Restructuring; Posts Pre-Tax Losses
RATEAGENT LTD:  Notice Of Creditors Meeting

SEMPLE COCHRANE: Directors in Talks on a Possible Sale
SPQR LTD: Notice of Creditors Meeting
TAYLOR MANSELL:  Notice Of Creditors Meeting
VITALBILT LTD:  Notice Of Creditors Meeting


===========================
C Z E C H   R E P U B L I C
============================

INVESTICNI A POSTOVNI: Shares Ban from PSE for Six Months
---------------------------------------------------------
Reuters reported yesterday that the Czech Securities Commission
(SEC) said trading in the stock of failed bank IPB a.s. has been
suspended for six months on the Prague bourse and one month
outside official markets. The commission previously suspended
trading in the stock for an unspecified period in June following
a run on the bank and speculation about its future.

IPB, partly owned by a unit of Nomura Securities, was put under
central bank forced administration and all its assets were sold
to rival bank CSOB. The price for the IPB's assets has not been
set. It will be determined by the results of ongoing audits. It
is widely expected to be zero due to the poor quality of IPB's
assets. The Commission has accordingly recommended investors to
value their shares at zero. The shares have been moved to the
free market of the Prague Stock Exchange from the blue-chip SPAD
market.


INVESTICNI A POSTOVNI: Police to Investigate Insider Trading
------------------------------------------------------------
IPB forced administrator Petr Stanek has asked the Anti-
Corruption Police to look into the possibility of insider trading
regarding transactions of brewery shares which allegedly caused
IPB Kc 200 mln in losses. The Czech National Bank announced it is
considering filing a lawsuit over the suspicion that IPB released
falsified results and asset figures and that the bank breached
its duty during the administration of assets. The moves follow a
lawsuit filed on Thursday by CSOB, the bank that took over IPB,
against an unknown party concerning non-standard transactions
involving shares in the Plzenske Pivovary brewery between IPB and
Ceske Pivo, Czech A.M. reported yesterday.


SKODA PLZEN: Government to Approve Financial Restructuring Plan
---------------------------------------------------------------
The Czech government is expected later this month to approve a
Kcs8.5bn ($209m) financial restructuring plan for Skoda Plzen,
the country's largest engineering group. Under the proposals,
creditors headed by state-controlled banks would swap Kcs8.5bn of
the group's Kcs11.5bn debt into equity and grant the loss-making
concern time to overhaul its sprawling operations, News Now
reported yesterday.

Martin Roman, the chief executive hired last year to try to
revitalize Skoda, said he hoped the plan would help Skoda secure
its future. According to News Now, under the plan Skoda Holding
would carry Kcs3bn in debt and Skoda AS would retain Kcs0.5bn.
Restructuring is already under way, with the payroll set to drop
from 12,000 to 9,000. Most jobs are going through spin-offs and
sales. Roman intends to focus on niche segments where the group
can retain a sizeable market share.


=============
D E N M A R K
=============

COMBUS: Bus Company Close to Insolvency
---------------------------------------
Borsen & World Reporter reported this week that Combus, the
Danish state-owned bus company, is said to have only enough
capital to survive for another four months. Ole Kalor, managing
director has said that the company will manage to pay back debts
of around DKr31m this year. The Danish ministry of transport is
now looking into Combus' situation in order to discover where
capital, such as extra contributions of DKr300m from the
government has disappeared.

A number of potential acquirers have contacted the Danish
government regarding an acquisition such as Arriva Danmark, the
Danish subsidiary of UK bus group Arriva, and the French-owned
Danish bus subsidiary Connex Danmark. Combus has long-term debts
of around DKr616m so far, as well as short-term debts of DKr244m.
The company's equity capital is DKr42m.  


=============
H U N G A R Y
=============

HTC KFT: Largest Charter Tour Operator Collapse
-----------------------------------------------
Budapest Business Journal reported yesterday that charter travel
agency HTC Kft has collapsed. Unable to pay for the flights it
had chartered from Pannon Airlines Kft, the tour operator filed
for bankruptcy Sept. 4, casting doubt on the future of related
companies Jorgos Travel Kft, Tan-Tura Kft, Club Espa¤a 2000 Kft,
and nearly 600 smaller affiliated offices. The HTC group
concentrates on budget trips to Mediterranean countries and
collectively accounts for about half of Hungary's charter tourism
business.

The feud between HTC and Pannon Airlines left 1,626 vacationers
stranded abroad with no scheduled means of returning home. A
rescue package organized by the Economy Ministry and the Budapest
Chamber of Commerce and Industry (BKIK) has since arranged for
the return of all the tourists by bus or on flights operated by
Malev Hungarian Airlines Rt. HTC's woes began Sept. 1 and
snowballed over the weekend as Pannon cancelled six flights to
Greece and Spain, claiming the tour operator had failed to pay
its bills. Pannon Managing Director Jozsef Somodi and HTC CEO
Tibor Harci exchanged conflicting accusations about payments in
the media.

HTC initiated bankruptcy and liquidation procedures and invoked
the Ft 35 million insurance policy it held with AXA Colonia
Insurance Rt. The BKIK duly closed down the tour operator and
deleted it from its listings.


=========
I T A L Y
=========

INFOSTRADA: Vodafone in Talks with Wind on Infostrada Sale
----------------------------------------------------------
Vodafone said that it had entered into exclusive talks with Wind,
a telecoms company jointly owned by Italian utility Enel and
France Telecom, for the sale of Infostrada. Wind is expected to
pay about E11.5bn (7bn pounds) for the company, Italy's second-
biggest fixed-line phone business after Telecom Italia.
Vodafone's statement followed a rival bid, believed to be about
E9.5bn, from Albacom, the Italian telecoms venture involving
British Telecom, Mediaset, the Eni oil group and Banca Nazionale
del Lavoro, the Financial Times reported yesterday.

Salvatore Cardinale, the Italian communications minister said the
government would not oppose Wind's proposed acquisition and that
the issue was up to the market. His comments are a sign that the
government favors the sale of Infostrada to an Italian group.
Vodafone refused to comment on the size of the bid, or when the
sale might be completed, according to the Financial Times.

The report said that Michael Preda, chief executive of Albacom,
said last week that he was interested in Infostrada, but was not
prepared to "pay any price." Infostrada, as of August 15, had
6.35m customers, with 3.3m voice customers, 2.5m residential
customers and 3.05m Internet users. Infostrada's sales in the
first six months of this year increased 38 per cent to E450m. It
has E1bn of debt.


=============
R O M A N I A
=============

AGRICULTURAL BANK: Offers For Privatization
-------------------------------------------
The consortium formed by the Romanian-American Investment Fund,
Rabo International AdvSisory Services, the management branch of
Rabobank Holland and the Regent Investment Fund handed in an
offer for the privatization of the Agricultural Bank (BA) at the
headquarters of the State Ownership Fund (SOF) on September 8.
The privatization commission of the bank will analyze next week
if the offer meets the task book demands. The Regent Fund entered
the consortium after the withdrawal of the Greek Agricultural
Bank, Privatization in Romania reported yesterday.

Privatization in Romania said that the audit report drafted by
KPMG shows that the BA had at the end of last year losses of 60
million dollars. The privatization consultantancy is formed by
Lazard Freres, Raiffeisen Investment AG and the Musat &
Associatii Law Firm.


LAPOS NORD: Up for Closure
--------------------------
Lapos Nord Mine, which is within the Comanesti Mining
Exploitation (EM) will be closed and employees will be
distributed to other mines belonging directly to the
exploitation, Privatization in Romania reported yesterday. The
director of the Mine and Geology Department within the Ministry
of Industry visited the Comanesti EM on September 5 and decided
to shut down activity in the Lapos Nord Mine. The miners will be
distributed to mines in Asau, Craciunesti and Lapos.


TEPRO:  FPS Seeks Solutions for Troubled Pipe Maker  
---------------------------------------------------
Romania's main privatization agency FPS said it had drafted
solutions to keep afloat troubled pipe maker Tepro, including a
share cession or forced execution of writ procedures. "We have a
few companies from the Netherlands and three local firms willing
to take over the majority stake owned now by Czech firm Zelezarni
Veseli," FPS executive manager Alin Girgiu told a news
conference. He said another solution was to sell Tepro assets to
pay the firm's debts of some 60 billion lei, Reuters reported
yesterday.

Reuters said that the FPS sold around 51 percent in Tepro for
some USD 3 million in 1998 and now awaits a court ruling on its
appeal to quash the sell-off contract with the Czech firm,
accusing it of failing to meet contract terms. Giurgiu said the
Czech buyer had failed to invest USD 4.9 million in Tepro as
pledged under the sell-off contract.


===========================
U N I T E D   K I N G D O M
===========================

ARMSTRONG OILER:  Notice Of Creditors Meeting
---------------------------------------------
Company Name:   Armstrong Oiler Co Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   10.30 am
Meeting date:   22/08/00
Meeting address:   Park House  Park Square West
Meeting City Code:   Leeds   LS1 2PS
Authorised by:   J D Mooney   Director  25/07/00
Firm Name:   BKR Haines Watts
Address:   Park House  Park Square West  Leeds  LS1 2PS


BENNISON GROUP:  Notice Of Creditors Meeting
--------------------------------------------
Company Name:   Bennison Group Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   11.00 am
Meeting date:   22/08/00
Meeting address:   Royal Station Hotel  Neville Street
Meeting City Code:   Newcastle-u-TYne   
Authorised by:   A Watson   Director  09/08/00
Firm Name:   Tait Walker
Address:   Bulman House  Regent Centre  Gosforth  NE3 3LS


BUTLIN:  Holiday Camps Losses Rise
----------------------------------
Losses at Butlin's, the Rank-owned holiday camps, have almost
doubled in the past six months, raising fears that Rank boss Mike
Smith may not be able to sell the whole holiday division for as
much as he would like, Yahoo UK Finance reported earlier this
week.

Bourne Leisure, with backing from Candover, has recently been
identified as the most likely buyer of the business, which also
includes Haven, Warner and Oasis. Smith, who has embarked on a
radical restructuring since taking over as chief executive last
year, confirmed that takeover talks with one party were advanced.
Despite a recent 150 million-pound facelift for Butlin's, losses
rose to 10.1 million pounds as slow bookings and increased costs
took their toll. Current debt is now down to 775 million pounds,
and a substantial sale would allow Rank to think about investing
in its favored businesses gaming and Hard Rock, according to
Yahoo UK Finance.


CELLTECH: Reports Interim Pre-Tax Losses of 382.6 Million Pounds
----------------------------------------------------------------
The Times reported yesterday that Pharmaceutical company Celltech
reported interim pre-tax losses of 382.6 million pounds (5.8
million-pound loss). There is no dividend.


CITY ESTATE:  Notice Of Creditors Meeting
-----------------------------------------
Company Name:   City Estate Agents (London) Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   12.30 pm
Meeting date:   22/08/00
Meeting address:   Devlin House  36 St George Street
Meeting City Code:   London   W1R 9FA
Authorised by:   A A Mohammadi   Director  23/07/00
Last day for proxy:   21/08/00
Proxy address:   Aspect Court  4 Temple Row  Birmingham  B2 5HG
Firm Name:   Kroll Buchler Phillips
Address:   Aspect Court  4 Temple Row  Birmingham  B2 5HG


COATS VIYELLA: 8,500 Jobs Threatened by Possible Sell-off
---------------------------------------------------------
Yahoo Finance UK reported yesterday that Coats Viyella has
confirmed that 8,500 UK jobs could be affected by the firm's
decision to sell its contract clothing, branded clothing and home
furnishings business. The confirmation came at a meeting at the
TUC in Glasgow between Coats Viyella directors and the three
textile industry unions, the T&G, KFAT and the GMB. The company
and unions asked for an urgent meeting with the government.

The unions said that the options on finding buyers for the
different Coats Viyella businesses depend upon the position of
orders from Marks & Spencer. They say they hope to persuade the
government to impress upon M&S how much responsibility the
retailer has over these jobs.


COLLYER ENSIGN:  Notice Of Creditors Meeting
--------------------------------------------
Company Name:   Collyer Ensign Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   11.00 am
Meeting date:   22/08/00
Meeting address:   5-6 The Courtyard  East Park
Meeting City Code:   Crawley   RH10 6AG
Authorised by:   A Eyers   Director  03/08/00
Last day for proxy:   21/08/00
Proxy address:   5-6 The Courtyard  East Park  Crawley  RH10 6AG
Liquidators:   Graham P Petersen
Firm Name:   Benedict Mackenzie
Address:   5-6 The Courtyard  East Park  Crawley  RH10 6AG


CONNELL JOINERY:  Notice Of Creditors Meeting
---------------------------------------------
Company Name:   Connell Joinery & Preservation Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   10.15 am
Meeting date:   22/08/00
Meeting address:   7 West George Street
Meeting City Code:   Glasgow   G2
Authorised by:   J C Anderson   Director  28/07/00
Firm Name:   Wylie & Bisset
Address:   135 Wellington Street  Glasgow  G2 2XE


FOX CONTROLS:  Notice Of Creditors Meeting
------------------------------------------
Company Name:   Fox Controls Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   11.30 am
Meeting date:   22/08/00
Meeting address:   27 New Dover Road
Meeting City Code:   Canterbury   CT1 3DN
Authorised by:   B A Voakes   Director  04/08/00
Liquidators:   Andrew White
Firm Name:   BDO Stoy Hayward
Address:   Nile House  Nile Street  Brighton  BN1 1JB


GRATUCRELS LTD:  Notice Of Creditors Meeting
--------------------------------------------
Company Name:   Gratucrels Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   11.00 am
Meeting date:   22/08/00
Meeting address:   7 West George Street
Meeting City Code:   Glasgow   G2
Authorised by:   J C Anderson   Director  28/07/00
Firm Name:   Wylie & Bisset
Address:   135 Wellington Street  Glasgow  G2 2XE


INDEPENDENT ENERGY: Firm's Lenders Invited to Appoint Receiver
--------------------------------------------------------------
Yahoo Finance UK reported yesterday that Independent Energy said
it had "explored the available avenues to find a solution to the
company's billing and cash collection problems and the consequent
cash-flow pressures". The Board has been unable to find a
solution that is acceptable to its lending banks so as to permit
them to agree to further advances required for the company to
meet its immediate needs for working capital. Furthermore, the
company has not been able to find an alternative source of
working capital to meet these needs. The Board has had no option
but to invite its lending banks [a syndicate led by Barclays] to
appoint a receiver.

Independent Energy had earlier announced that it was in talks
with a number of parties regarding a possible offer. According to
Yahoo Finance UK, speculation had centered on a possible American
buyer. The company already has a profile in the U.S. through its
Nasdaq listing.


J P TOOLING:  Notice Of Creditors Meeting
-----------------------------------------
Company Name:   J P Tooling Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   10.30 am
Meeting date:   22/08/00
Meeting address:   485 Birmingham Road
Meeting City Code:   Bromsgrove   B61 0HZ
Authorised by:   P W Handforth   Director  02/08/00
Firm Name:   Haden
Address:   485 Birmingham Road  Bromsgrove  B61 0HZ


JMA SIGNS:  Notice Of Creditors Meeting
---------------------------------------
Company Name:   JMA Signs (Southern) Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   02.30 pm
Meeting date:   22/08/00
Meeting address:   19 Brunswick Place
Meeting City Code:   Southampton   SO15 2AQ
Authorised by:   E Close   Director  27/07/00
Last day for proxy:   21/08/00
Proxy address:   19 Brunswick Place  Southampton  SO15 2AQ
Firm Name:   Rogers Evans
Address:   19 Brunswick Place  Southampton  SO15 2AQ


JAMES N CONNELL:  Notice Of Creditors Meeting
---------------------------------------------
Company Name:   James N Connell (Holdings) Plc
IA 1986 Section:   98  Creditors
Meeting Time:   10.00 am
Meeting date:   22/08/00
Meeting address:   7 West George Street
Meeting City Code:   Glasgow   G2
Authorised by:   J C Anderson   Director  28/07/00
Firm Name:   Wylie & Bisset
Address:   135 Wellington Street  Glasgow  G2 2XE


JOHNSON BROTHERS:  Notice Of Creditors Meeting
----------------------------------------------
Company Name:   Johnson Brothers (Redditch) Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   11.30 am
Meeting date:   22/08/00
Meeting address:   Victoria Square House  Victoria Square
Meeting City Code:   Birmingham   B2 4AJ
Authorised by:   P I Johnson   Director  26/07/00
Firm Name:   Grant Thornton
Address:   Enterprise House  115 Edmund Street  Birmingham  B3
2HJ


KS BIOMEDIX: Posts Interim Pre-Tax Losses Of 2.3 Million Pounds
---------------------------------------------------------------
Pharmaceutical company KS Biomedix reported interim pre-tax
losses of 2.3 million pounds (1.35 million-pound loss), the Times
reports. There is no dividend.


MILLENNIUM DOME: Nomura Withdraws Dome Bid
------------------------------------------
Nomura International has withdrawn its 105 million-pound bid for
the cash-strapped Millennium Dome, the Financial Times reported
yesterday. The Japanese bank became concerned about its bid after
the New Millennium Experience Company, the Dome operator, asked
for 47 million pounds of new funds last week and at the same time
downgraded visitor forecasts.

Guy Hands, Nomura's head of principal finance, on Monday held a
meeting with Lord Falconer, telling the minister responsible for
the Dome that unless Nomura was given access to a report by
PricewaterhouseCoopers on the Dome's finances, including a list
of assets, intellectual property rights and contractual
obligations, it would withdraw its bid. Nomura also had disputes
with suppliers to the Dome, who were claiming ownership of
various assets of the Dome.

The government said it would re-open discussions with defeated
bidder Legacy, a group backed by millionaire Labor donor Robert
Bourne. Legacy had wanted to turn the Dome into a science park,
but its proposals were rejected in favor of Nomura's plan for an
amusement complex. At the same time, English Partnerships, the
government agency that owns the site, has been ordered to
consider what other options the government could pursue, the
Financial Times said.


NUMOROSE LTD:  Notice Of Creditors Meeting
------------------------------------------
Company Name:   Numorose Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   11.30 am
Meeting date:   22/08/00
Meeting address:   7 West George Street
Meeting City Code:   Glasgow   G2
Authorised by:   J C Anderson   Director  28/07/00
Firm Name:   Wylie & Bisset
Address:   135 Wellington Street  Glasgow  G2 2XE


RANK: Undergoes Restructuring; Posts Pre-Tax Losses
---------------------------------------------------
British leisure and entertainment group Rank says it wants to
sell its entire UK holiday business, including Butlins. BBC News
reported earlier this week that Rank, which owns the Hard Rock
Cafe chain, has been undergoing a restructuring aimed at reducing
debts running at more than one billion pounds. The group has
revealed pre-tax half-year losses of 142.5 million pounds, having
over the past year sold its Odeon cinema chain, Pinewood film
studios, its Universal Studios interests, its nightclubs and the
Tom Cobleigh pub chain.

Rank is now centered on its gaming operations, which include
Mecca bingo halls, the Hard Rock chain and the Deluxe video
operation. Its UK holiday brands, including Warner, Butlins,
Oasis and Haven, are to be sold off, with the price expected to
be in the region of 500 million pounds. The potential buyer is
understood to be privately owned caravan operator Bourne Leisure,
according to BBC News.


RATEAGENT LTD:  Notice Of Creditors Meeting
-------------------------------------------
Company Name:   Rateagent Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   12.00 pm
Meeting date:   22/08/00
Meeting address:   The Clock House  140 London Road
Meeting City Code:   Guildford   GU1 1UW
Authorised by:   P C Gray   Director  01/08/00
Firm Name:   Baker Tilly
Address:   The Clock House  140 London Road  Guildford  GU1 1UW


SEMPLE COCHRANE: Directors in Talks on a Possible Sale
------------------------------------------------------
Engineering services group Semple Cochrane plans to convert up to
8 million pounds of its debt into equity. The new equity, which
will represent up to 49.9 percent of the enlarged share capital,
will be issued to the company's bank. Semple directors are still
in talks on a possible sale of the business, but the company said
today the debt restructuring is `essential'. Shares dropped a
penny to 57p, Citywire reported yesterday.


SPOR LTD: Notice of Creditors Meeting
-------------------------------------
Company Name:   SPQR Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   02.00 pm
Meeting date:   22/08/00
Meeting address:   18 Sapcote Trading Centre  Dudden Hill Lane
Meeting City Code:   London   NW10 2DH
Authorised by:   N G Skelton   Director  01/08/00
Last day for proxy:   21/08/00
Proxy address:   18 Sapcote Trading Centre  Dudden Hill Lane  
London  NW10 2DH
Firm Name:   D Wald & Co
Address:   18 Sapcote Trading Centre  Dudden Hill Lane  London  
NW10 2DH


TAYLOR MANSELL:  Notice Of Creditors Meeting
--------------------------------------------
Company Name:   Taylor Mansell Landscapes Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   11.45 am
Meeting date:   22/08/00
Meeting address:   The Old Bridges Hotel
Meeting City Code:   Holmfirth   HD7 1HN
Authorised by:   A P Mansell   Director  31/07/00
Liquidators:   W C Swindell
Firm Name:   Rogers & Co
Address:   Yorkshire House  South Lane  Holmfirth  HD7 1HN


VITALBILT LTD:  Notice Of Creditors Meeting
-------------------------------------------
Company Name:   Vitalbilt Ltd
IA 1986 Section:   98  Creditors
Meeting Time:   10.30 am
Meeting date:   22/08/00
Meeting address:   7 West George Street
Meeting City Code:   Glasgow   G2
Authorised by:   J C Anderson   Director  28/07/00
Firm Name:   Wylie & Bisset
Address:   135 Wellington Street  Glasgow  G2 2XE



S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Trenton, NJ
USA, and Beard Group, Inc., Washington, DC USA.  Lexy Mueller,
Mercy Villacastin and Cristina Pernites Editors.

Copyright 2000.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing  and photocopying) is strictly prohibited without
prior written permission of the publishers.  

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Europe subscription rate is $575 per half-year, delivered
via e-mail.  Additional e-mail subscriptions for members of the
same firm for the term of the initial subscription or balance
thereof are $25 each.  For subscription information, contact
Christopher Beard at 301/951-6400.


             * * * End of Transmission * * *