---

        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

                    Friday, December 24, 2004

The TCR-EUR is not published today in observance of Christmas Eve.  
Publication will resume Monday, December 27, 2004.  

                      10-Year News Archive

All subscribers to the Troubled Company Reporter Europe have
unrestricted access to our 10-year news archive at http://TCREuropeResources.bankrupt.com/
There is no charge for this service; it's included with your TCR-EUR
subscription.  Login to the database system using the e-mail address
to which your copy of the TCR-EUR is delivered each day.  

                            *********

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., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Larri-Nil Veloso, Ma. Cristina Canson,
Liv Arcipe, Julybien Atadero and Erica Fernando, Editors.

Copyright 2004.  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 US$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 US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *