TCR_Public/000124.MBX    T R O U B L E D   C O M P A N Y   R E P O R T E R
       
         Monday, January 24, 2000, Vol. 4, No. 16
                     
                     Headlines

AMERICAN BANKNOTE: Agreement in Principle Reflected in Plan
AMERICAN BANKNOTE: Seeks To Extend Time To Assume or Reject Lease
AMERITRUCK: Conversion To Chapter 7
BAPTIST FOUNDATION: Seeks Authority To Employ True West Realty
BEYOND.COM:  Cuts Jobs, Adjusts Focus

BREED TECHNOLOGIES: Seeks To Extend Exclusivity
BRUNO'S: Obtains Confirmation of Plan
DENA CORP: Case Summary and 20 Largest Unsecured Creditors
EL PASO ENERGY CORP: Acquires The Coastal Corp.
HARVARD PILGRIM: Salomon Smith Barney To Seek Rescue Funds

LEASING SOLUTIONS: Committee Supports Employ of PWC
LEVITZ: Eleventh Motion For Exclusivity Extension
MARINER: Motions For Joint Administration of MPAN & Health Cases
NU-KOTE HOLDING: Motion For Protective Order
PARAGON TRADE: Order Grants Debtor Estimate of Claims

PARAGON TRADE: Stipulation and Order Re: Weyerhaeuser Claims
PLANET HOLLYWOOD: Set To Emerge From Bankruptcy
PLANET HOLLYWOOD: Wilroad Associates Objects To Plan
REDAURUM: Unit Files Chapter 11 in Colorado
SMURFIT-STONE: Completes Reorganization of Joint Venture

SYSTEMSOFT CORP: Seeks To Enter Pacific Systemsoft Agreement
T&W FINANCIAL: Announces Agreement with Creditors
TECMAR TECHNOLOGIES: Files Chapter 11
TOWN & COUNTRY: Final Order Approving Settlement
US AIRWAYS: Loses $81 Million For Quarter
VOICE IT WORLDWIDE: Confirms Liquidation

BOND PRICING FOR WEEK OF January 18, 2000

                     ********

AMERICAN BANKNOTE: Agreement in Principle Reflected in Plan
-----------------------------------------------------------
Over 85% in aggregate principal amount of the outstanding senior
subordinated notes formed an informal committee to continue
discussions with ABN regarding the terms of a possible
restructuring.  These discussions resulted in the agreement in
principle that is reflected in the plan.  

The plan contemplates the reorganization of ABN as a going
concern; transfer of approximately 90% of the equity in
reorganized ABN to the holders of the Senior Subordinated Notes
and approximately 1.9% to the holders of another subordinated
tranche of ABN debt; retention by existing equity holders of
approximately 7.7% of the equity in reorganized ABN and the
opportunity to obtain an additional 5% of the equity in
reorganized ABN through the exercise of warrants; full
reinstatement, or reinstatement with certain limited covenant
modifications, of ABN's other tranches of publicly held debt; and
treatment of allowed general unsecured claims in a manner that
will leave them unimpaired.


AMERICAN BANKNOTE: Seeks To Extend Time To Assume or Reject Lease
-----------------------------------------------------------------
American Banknote Corporation, debtor, seeks an extension of time
to assume or reject its unexpired lease of its headquarters
located at 410 Park Avenue, New York, NY until the date of
confirmation of a plan of reorganization.

The debtor is continuing to evaluate whether it would be prudent
for the estate to assume the lease, assume and assign the lease
to a third party, or reject the lease.  The debtor has not yet
determined whether the lease is desirable or necessary for the
debtor's business or whether it is a "below market" lease that
may yield value to the estate through assumption and assignment
to an appropriate tenant.


AMERITRUCK: Conversion To Chapter 7
-----------------------------------
The US Bankruptcy Court for the Northern District of Texas
entered an order setting February 21, 2000 as the last bard ate
for the filing of requests for payment or proofs of Chapter 11
administrative claims from AmeriTruck Distribution Corp., et al.  


By order dated November 12, 1999, the Bankruptcy Court converted
the bankruptcy cases to a Chapter 7 liquidation case.


BAPTIST FOUNDATION: Seeks Authority To Employ True West Realty
--------------------------------------------------------------
Baptist Foundation of Arizona, Inc., seeks authority to employ
and retain True West Realty, LLC as an ordinary course
professional.  TWR will provide development, marketing and sales
services with respect to specific properties.  Currently TWR will
be working on 22 separate recreational ranch real estate
properties.


BEYOND.COM:  Cuts Jobs, Adjusts Focus
-------------------------------------
Software company Beyond.com is firing 20 percent of its employees
as part of a previously announced restructuring to focus on
business and government sales.

Beyond.com will take a one-time first-quarter charge of $3
million to get out of the business of allowing consumers and
businesses to download software from the Internet, the company
said.

It plans to focus instead on the lower-profile business of
setting up online stores for other businesses and digitally
downloading software for government agencies.

``We are focusing our resources and expertise to strengthen our
eStore division, which allows companies to put a dot-com store on
the Internet in two weeks, and on our government division, which
now has eight major contracts and significant momentum,'' said
chief financial officer Rick Neely.

Neely also will become temporary chief executive, replacing Mark
Breier, a former Amazon.com marketing executive who announced his
resignation.

About 75 employees also will be laid off, and several smaller
offices will be closed, the company said.

Beyond.com made a splash with investors after hiring Breier away
from Amazon.com in 1998. Its risque ads caused a stir that
continued with Breier's appearance on CNBC last June wearing just
boxer shorts in a bid to reinforce its message that the Internet
enables people to do business without ever having to leave home.

But the message failed to catch on with consumers, and Beyond.com
warned two weeks ago that its fourth-quarter sales would fall
below Wall Street expectations.

The company, whose shares have lost 75 percent of their value in
the past year, now will focus on its two businesses that show the
most promise.

The government division has grown from $9.8 million in sales in
1998 to $30 million in 1999 and has contracts with government
agencies that include the Internal Revenue Service and the
Department of Defense, Beyond.com executives said.


BREED TECHNOLOGIES: Seeks To Extend Exclusivity
-----------------------------------------------
The debtors, Breed Technologies Inc. seek an extension of the
exclusive periods during which the debtors may file plans of
reorganization and solicit acceptances of such plans with the US
Bankruptcy Court for the District of Delaware.  The debtors
request entry of an order extending the exclusive period to
propose and file a plan to and including May 31, 2000 and an
extension of the solicitation period to and including
September 30,2000.

The debtors are currently evaluating the feasibility of a sale of
the estates' assets as an exit strategy.  Wasserstein, Perella
was employed to sell all or a portion of the debtors' assets.  
Bids will be presented to Wasserstein no later than January 28,
2000.  The debtors will meet with Wasserstein during the first
two weeks of February to evaluate the bids.  Only after this
process is completed, the debtors submit, will they be in a
position to either actively engage in plan negotiations or
pursue a sale of assets.


BRUNO'S: Obtains Confirmation of Plan
-------------------------------------
BIRMINGHAM, Alabama -- December 30, 1999 -- Bruno's, Inc. (OTC
Bulletin Board: BRNOQ) announced today that the United States
Bankruptcy Court for the District of Delaware has confirmed the
Company's plan of reorganization. An overwhelming majority of the
Company's creditors voted in favor of the Company's plan of
reorganization in early December. The Company anticipates that it
will emerge from bankruptcy in January.

"We are extremely pleased to have achieved our goal of emerging
from bankruptcy as a stand-alone, debt-free company," said
Bruno's President and Chief Executive Officer James A. Demme.  
"Despite our Chapter 11 status this past year, we managed to
refurbish sixteen of our stores and acquire three new stores in
Alabama."

"As a leaner, more efficient company, we are now in a position to
do even more to improve our competitive position and to create
value for our new shareholders. Moving forward, our lack of debt
and our new, long-term labor agreements will help us continue our
company-wide effort to provide customers with clean, fresh,
fully-stocked stores and exceptional service in the year 2000 and
beyond," said Demme.

The plan of reorganization provides that substantially all of the
assets of Bruno's, Inc. will be transferred to a newly created
corporation named Bruno's Supermarkets, Inc. The new corporation
will be owned by the financial institutions that held the senior
debt of Bruno's, Inc. No single financial institution will own a
controlling share of the new company.

Under the terms of the plan of reorganization, all general
unsecured creditors will receive a cash disbursement equal to 30%
of the allowed value of their claims. All distributions that
would have been made to the holders of the Company's Senior
Subordinated Notes will be distributed to the senior creditors in
accordance with the governing subordination agreement. No
distributions will be made to holders of shares of Common Stock
of Bruno's.

As part of the reorganization, Bruno's Supermarkets, Inc. has
formed a new seven-person board of directors. The new owners have
named Terry R. Peets of Balboa Island, California as Chairman of
the newly formed Board. Mr. Peets has more than twenty years'
experience in the food retailing industry. James A. Demme will
serve as President and Chief Executive Officer and will be a
member of the Board of Directors. Demme, who has the authority to
appoint one board member, has selected former Bruno's CEO Ronald
G. Bruno of Birmingham, Alabama to fill this position. The other
board members include Alan J. Reed of Monarch Beach, California;
Philip L. Maslowe of Palm Beach Gardens, Florida; Richard B. Neff
of Watchung, New Jersey; and Robert L. Hockett of Wellesley,
Massachusetts. All of the board members have extensive retail
industry experience.

Peets commended Demme for his leadership during the past two and
a half years. "Jim Demme has done a masterful job of steering
Bruno's through the bankruptcy process and, thanks to his
efforts, the company has emerged debt-free and ready to take on
the competition. I think anyone going into a Bruno's, Food World,
FoodMax or Food Fair store can attest to the effectiveness of Jim
Demme and his management team," said Peets. "The new owners and I
are optimistic about the future of Bruno's and we look forward
to a new period of profitability and growth," added Peets.

Bruno's operates 152 supermarkets in Alabama, Georgia, Florida,
and Mississippi.


DENA CORP: Case Summary and 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Dena Corporation
        850 Nichols Blvd.
        Elk Grove Village, IL 60007

Type of Business: Manufacturing & Distributing of Hair Care and
Skin Care Products
Petition Date: January 14, 2000
Chapter 11
Court: Northern District of Illinois
Judge: Carol A. Doyle Debtor's
Counsel: Eugene Crane
         Dannen, Crane, Heyman & Simon Suite
         1540 135 South LaSalle Street
         Chicago, IL 60603-4297

Total Assets: $ 2,800,000.00
Total Debts: $ 4,200,000.00

20 Largest Unsecured Creditors

Albright & Wilson $ 379,849.08
American Eagle Packaging Corp. $ 21,118.11
American Freightways $ 17,846.35
Clariant Corp. $ 13,702.80
Commander Packaging Corp. $ 249,999.92
Illinois Bottle Mfg. $ 212,544.11
Leydig, Volt & Meyer, Inc. $ 125,056.50
Novapak Corp. $ 166,973.55
Orchidia $ 80,816.78
Pamco Printed Tape & Label $ 101,466.07
Polytop Corporation $ 66,799.10
Continental Glass & Plastic $ 272,786.11
Cosmetic Insurance Sces. $ 53,996.00
Crowe Chizek $ 30,745.00
Crown Packaging, Inc. $ 101,500.00
G. K. Packaging $ 14,942.36
ISP Technologies $ 40,260.00
Tab Chemicals $ 68,858.97
Wagener Equities, Inc. $ 14,627.00
Zeller Plastic $ 70,379.28


EL PASO ENERGY CORP: Acquires The Coastal Corp.
------------------------------------------------
As reported in the Houston Business Journal on January 20, 2000,
El Paso Energy Corp. has inked a $16 billion deal to acquire The
Coastal Corp. The merger deal includes $6 billion of assumed debt
and preferred equity. It also builds an entity that would move
more gas than any energy company in the world. With an interstate
transmission system consisting of more than 58,000 miles of
pipeline, the company would be the third largest U.S. gas
producer. The merger is expected to close the fourth quarter of
2000. The total enterprise value of the combined company will
exceed $32 billion, with an equity value of approximately $19
billion.


HARVARD PILGRIM: Salomon Smith Barney To Seek Rescue Funds
----------------------------------------------------------
According to a report in the Globe, the investment banking firm
Salomon Smith Barney is looking for options to save
Massachusetts' largest HMO from bankruptcy, either by finding
$150 million or so in cash to resuscitate Harvard Pilgrim Health
Care or by identifying a buyer for the $2.8 billion-a-year health
plan.


LEASING SOLUTIONS: Committee Supports Employ of PWC
---------------------------------------------------
The Official Committee of Unsecured Creditors of Leasing
Solutions, Inc., supports the debtor's application for authority
to retain PricewaterhouseCoopers LLP as its financial advisor
notwithstanding the objection of Financial Security Assurance
Inc.  The Committee alleges that PWC does not have an actual
conflict of interest as a result of its representation of both
the debtor and FSA, that PWC has been working with the debtor for
more than a year and that "requiring the debtor to change
financial advisors at this stage based on nothing more than
"horrible imaginings" would cause undue disruption, delay and
expense to the debtor's estate."


LEVITZ: Eleventh Motion For Exclusivity Extension
-------------------------------------------------
The Debtors' exclusive periods for proposing a reorganization
plan and for soliciting acceptances of their plan currently
expire on January 31, 2000 and March 31, 2000, respectively. The
Debtors filed a reorganization plan on July 7, 1999 and an
amended reorganization plan on July 29, 1999. In August 1999,
Judge Walrath adjourned the hearing on the Debtors' proposed plan
to permit them to consider their reorganization alternatives
further. On January 4, 2000, Levitz was given additional time to
negotiate a Plan. Levitz now asks Judge Walrath for still another
extension of their Plan Proposal Period until March
31, 2000, and still another extension of their Solicitation
Period until May 31, 2000. The Debtors make it clear that their
proposed plan in July is not consensual, and no that will be
supported by the Creditors' Committee (and, likely, accepted by
the majority of vendors and other creditors) has been finalized.
The Debtors do, however, assure Judge Walrath that they "have
made progress on what they hope will be a consensual
reorganization plan." (Levitz Bankruptcy News Issue 42;
Bankruptcy Creditor's Service Inc.)


MARINER: Motions For Joint Administration of MPAN & Health Cases
----------------------------------------------------------------
Mariner Post-Acute Network, Inc. ("MPAN"), Mariner Health Group,
Inc. ("HEALTH"), and their respective direct and indirect
subsidiaries are separate legal entities. MPAN acquired HEALTH in
a 1998 merger.

MPAN and HEALTH are parties to separate credit agreements under
which MPAN subsidiaries guarantee payment of MPAN obligations and
HEALTH subsidiaries guarantee HEALTH indebtedness. MPAN provides
corporate services to HEALTH; HEALTH provides no material
services in return.

The Debtors request, pursuant to Rule 1015(b)(4) of the Federal
Rules of Bankruptcy Procedure, that the Court order their chapter
11 cases be jointly administered in order to reduce costs and
facilitate a more efficient administrative process, unencumbered
by the procedural problems otherwise attendant to the
administration of multiple chapter 11 cases. Because of their
dual capital structure, the Debtors ask that the joint
administration be done in two groupings: one for the MPAN
Debtors and one for the HEALTH Debtors. Considering the Debtors'
Motion, Judge Walrath directs that the MPAN Debtors' chapter 11
cases be administered jointly with caption as directed by the
court.

Judge Walrath makes it clear that joint administration of the
Debtors' cases is for procedural purposes only, neither
contemplating nor impairing the right of any party-in-interest to
seek a substantive consolidation of the Debtors' estates.


NU-KOTE HOLDING: Motion For Protective Order
--------------------------------------------
The Examiner in these cases is expected to file his initial
report on or about January 28, 2000 regarding his investigation
of "any claims the debtor may have against former or current
management."  The defendants, former or current officers or
management of the debtors state that the plaintiff, Lori Lemmer,
should not be allowed the Examiner's report as it will amount to
discovery in her case.  Therefore the defendants seek
a protective order sealing the Examiner's preliminary report and
request for hearing.


PARAGON TRADE: Order Grants Debtor Estimate of Claims
-----------------------------------------------------
On January 12, 2000, the US Bankruptcy Court for the Northern
District of Georgia entered an order allowing the debtor to
estimate the maximum aggregate allowable amount o claims against
and interests in Paragon for purposes of establishing reserves
and making distribution under the plan.

The maximum allowable amount of claims and interests in each
class under the plan for purposes of establishing reserves and
making distributions under the plan shall be the amounts set
forth as follows:

Class 1 - Secured  $329,181,664 asserted    $1,687,782 allowed

Class 2 - Priority Non-Tax $7,489,827 asserted $0 allowed

Class 3A -  Unsecured $8,846,028 asserted $396,145,848 allowed

Class 3B - Convenience $1,158,248 asserted $1,117,878 allowed

Class 4A - Old Common Stock N/A Reserves and distributions will
be based upon the number of allowed old common stock interests
that are registered as of the distirbution Record Date in the
stock register maintained for the debtor by The Depository Trust
Company and Chase Mellon Shareholder Services.

Class 4B - Old Options - N/A.  No Distirbution is provided for
holders of Class 4B claims under the plan.

Paragon is entitled to increase its estimate of allowed and
disputed claims by an additional $5 million in order to
supplement the disputed Claims reserves under the plan.


PARAGON TRADE: Stipulation and Order Re: Weyerhaeuser Claims
------------------------------------------------------------
On January 12, 2000, the US Bankruptcy Court for the Northern
District of Georgia entered an order approving the stipulation
regarding the Weyerhaeuser Claims.  

For purposes of voting on the Second amended Plan of
Reorganization dated as of November 15, 1999 and the Wellspring
Rights Offering, the Weyerhaeuser Claim shall be estimated at
$3,018,178, representing the amount of the claim asserted by
Weyerhaeuser for good sold and monies advanced plus attorney fees
and expenses. For purposes of establishing the Disputed Claims
Reserve for Class 3A, the Weyerhaeuser Claim shall be estimated
at $4,018,178. representing the amount of the claim asserted by
Weyerhaeuser for goods sold and monies advanced and attorney
fees; and the Weyerhaeuser Claim is a disputed claim under he
plan and no distributions under the plan on account of the claim
shall take place until the Adversary Proceeding and any
estimation of the Weyerhaeuser Claim has no res judicata or
collateral estoppel effect on any claims of the estate in the
adversary proceedings.


PLANET HOLLYWOOD: Set To Emerge From Bankruptcy
-----------------------------------------------
According to an article published on January 21, 2000 in the
Orlando Sentinel, Planet Hollywood International Inc. is expected
to emerge from U.S. Bankruptcy Court today, according to its
chief executive, a little more than three months after it sought
protection from creditors while it reorganized.

"We have been given the official word. The order will be signed
Friday morning," founder and Chief Executive Officer Robert Earl
said late Thursday. "We're successfully emerging from Chapter 11
in record time - and we're planning to move forward very
quickly."

Earl retains in control of the Orlando-based company and, along
with several other major investors, is injecting a total of $30
million in new capital. Holders of $250 million in bonds walk
away with a combination of new bonds and a minority equity stake
in the company.

In a recent Securities and Exchange Commission filing, the
company projects the chain's financial losses could continue
until 2004.


PLANET HOLLYWOOD: Wilroad Associates Objects To Plan
----------------------------------------------------
Creditor Wilroad Associates Limited partnership, a Florida
Limited Partnership objects to confirmation of the First Amended
Joint plan of Reorganization filed by Planet Hollywood
International, Inc. and related entities.  Wilroad and the debtor
are parties to a lease located at 9536-9560 Wilshire Boulevard,
Beverly Hills, California.  The term of the lease is through June
30, 2010.  The monthly rent is estimated at $108,109.  The
creditor states that the time for assuming or rejecting
the lease would have expired on December 11, 1999 and the debtors
rejected the lease by notice dated December 17, 1999.  Wilroad
states that its damages are in excess of $2 million.  Wilroad
states that the debtor has not surrendered the property, and
Wilroad alleges that since the debtors have not complied with
Section 365(d)(4), the plan is unconfirmable as a matter of law.  
Wilroad states that Class 6 general unsecured claims and Class 7
general unsecured creditors and landlords are similarly situated
creditors who are being treated differently, and that the plan
unfairly discriminates and is unconfirmable.


REDAURUM: Unit Files Chapter 11 in Colorado
--------------------------------------------
Redaurum Ltd., Toronto, announced that its wholly owned
subsidiary, Diamond Company N.L. (DCNL), has filed for chapter 11
protection in the District of Colorado in connection with the
sale of DCNL to McKenzie Bay International Ltd., according to a
newswire report. DCNL owns and operates the Kelsey Lake Mine
located on the Colorado/Wyoming state line. The company expects
to file a plan shortly that will allow it to settle all claims
and continue operations. The filing will facilitate the sale of
all of the issued and outstanding shares of DCNL by Redaurum to
McKenzie Bay. The two parties agreed in September to the deal.
The sale is expected to be completed by Feb. 29. (ABI 21-Jan-99)


SMURFIT-STONE: Completes Reorganization of Joint Venture
--------------------------------------------------------
Smurfit-Stone Container Corp. announced yesterday that it has
completed the bankruptcy reorganization of Florida Coast Paper
Co. L.L.C., a joint venture owned equally by Stone Container
Corp., a subsidiary of Smurfit-Stone, and Four M Corp., according
to a newswire report. Smurf-it Stone said that as part of the
plan, Stone paid $123 million into a trust fund to satisfy the
claims of all creditors and to pay expenses. Florida Coast
transferred all of its assets, consisting primarily of a mill in
Port St. Joe. (ABI 21-Jan-99)


SYSTEMSOFT CORP: Seeks To Enter Pacific Systemsoft Agreement
------------------------------------------------------------
Systemsoft Corporation, debtor, seeks entry of a court order
authorizing it to enter into a non-exclusive representative
agreement with Pacific SystemSoft KK ("PSKK").  The agreement
provides that PSKK shall earn a 25% commission on sales and
licenses of SystemSoft products as opposed to 35% under the old
agreement.  This agreement is also non-exclusive. PSKK shall get
no commission for sales to IBM.  The debtor owes PSKK
approximately $115,000.


T&W FINANCIAL: Announces Agreement with Creditors
-------------------------------------------------
T&W Financial Corp., Tacoma, Wash., announced that it has entered
into agreements with its secured creditors in which the creditors
have agreed to forbear from taking action under their credit
agreements with the company until Jan. 28., according to a
newswire report. T&W believes this extension of time will allow
the company to explore strategic alternatives for selling
the business or its assets. If a binding commitment for the sale
of the company is not received, T&W may be compelled to wind down
its business and liquidate its assets. The company has given
notice to employees of potential terminations.


TECMAR TECHNOLOGIES: Files Chapter 11
-------------------------------------
Tecmar Technologies International Inc. and two subsidiaries filed
for chapter 11 protection in the District of Delaware, according
to a newswire report. In court documents, the company listed
assets and liabilities of up to $50 million each. Tecmar
Technologies Inc. and Ditto were included in the filing.


TOWN & COUNTRY: Final Order Approving Settlement
------------------------------------------------
The Honorable William C. Hillman entered an order on January 10,
2000 approving the settlement and compromise between Town &
Country Fine Jewelry Group, Inc., GL, Inc., and LGB, Inc.  The
Holding Unsecured Claim is allowed as a general unsecured claim
against each of the debtors in the amount of $8,599,671.  The TCC
Unsecured Claims is allowed as a general unsecured claim against
Fine Jewelry in the amount of $5,651,535.  And the Anju Unsecured
Claim is allowed as a general unsecured claim of TCC against Fine
Jewelry in the amount of $1,021,619.  The Bennett Funds Claim is
allowed as partially unsecured claim and a partially secured
claim against each of the debtors in amounts to determined as
provided in the Settlement Agreement.


US AIRWAYS: Loses $81 Million For Quarter
--------------------------------------------------------------
As reported in the  Business Journal of Charlotte - January 19,
2000, US Airways Group Inc., which has a hub operation in
Charlotte, reported a net loss of $81 million on revenue of $2.1
billion for the fourth quarter. For the year, the Arlington, Va.-
based air carrier had net income of $197 million on revenue of
$8.6 billion. In 1998, by comparison, US Airways had net income
of $532 million on revenue of nearly $8.7 billion.


VOICE IT WORLDWIDE: Confirms Liquidation
----------------------------------------
Voice It Worldwide, Inc. (OTCBB: MEMO) today announced that at a
bankruptcy hearing held yesterday at the Federal bankruptcy court
in Denver, Colorado, the Company's proposed plan of liquidation
was accepted by creditors and the court. The liquidation order is
effective immediately. The confirmation of the joint plan of
liquidation under Chapter 11 provides that (i) all of the
Company's assets will be liquidated and the proceeds from that
liquidation will be distributed to the Company's creditors, and
(ii) all of the Company's issued and outstanding shares of Common
Stock which formerly traded on the Electronic Bulletin Board
under the symbol "MEMO" are cancelled effective immediately and
are no longer outstanding.


BOND PRICING FOR WEEK OF January 18, 2000
=========================================
DLS Capital Partners, Inc., bond pricing for week of January 18,
Following are indicated prices for selected issues:

Acme Metal 10 7/8 '07                 16 - 18 (f)
Asia Pulp & Paper 11 3/4 '05          83 - 84
E & S Holdings 10 3/8 '06             34 - 37
Fruit of the Loom 8 7/8 '06            7 - 9 (f)
Genesis Health 9 3/4 '05              38 - 40
Geneva Steel 11 1/8 '01               14 - 16 (f)
Globalstar 11 1/4 '04                 70 - 72
Hechinger 9.45 '12                    10 - 12 (f)
Integrated Health 9 1/4 '08            8 - 10 (f)
Iridium 14 '05                         5 - 6 (f)
Loewen 7.20 '03                       50 - 51 (f)
Pathmark 11 5/8 '02                   30 - 32
Pillowtex 10 '06                      44 - 47
Revlon 8 5/8 '08                      48 - 49
Rite Aid 6.70 '01                     79 - 81
Service Merchandise 9 '04             11 - 13 (f)
Sunbeam 0 '18                         15 - 16
TWA 11 3/8 '06                        39 - 41
United Artists 9 3/4 '08              15 - 18
Vencor 9 7/8 '08                      18 - 20 (f)






                     *********

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Bond pricing, appearing each Friday, is supplied by DLS Capital
Partners, Dallas, Texas.

                     *********

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 is a daily newsletter, co-published
by Bankruptcy Creditors' Service, Inc., Trenton, NJ, and Beard
Group, Inc., Washington, DC.  Debra Brennan, Yvonne L. Metzler,
Edem Alfeche and Ronald Ladia, Editors.

Copyright 2000.  All rights reserved.  ISSN 1520-9474.

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