TCR_Public/000308.MBX   T R O U B L E D   C O M P A N Y   R E P O R T E R

     Wednesday, March 8, 2000, Vol. 4, No. 47  
                            
                  Headlines

BONWIT TELLER: Closes Last Store
EAGLE PICHER HOLDINGS: Reports Operating Results
EGGHEAD.COM: Shareholders Report Stock Ownership
GOLDEN OCEAN: Committee Taps Cadwalader, Wickersham & Taft
GRAND COURT LIFESTYLES: Fails To Make Interest Payment

GREAT AMERICAN LIFE: To Pay $11.2 Million to Dallas Couple
IRIDIUM: Receives $3 Million from Lenders
JUMBOSPORTS: Seeks Authority To Sell Indiana Real Property
JUMBOSPORTS: Seeks Authority to Sell Nebraska Real Property
JUMBOSPORTS: Seeks Authority to Sell South Carolina Real Property

LAMONTS APPAREL: Deadlines For Filing Proofs of Claim
LOEWEN: American Commercial Bank Seeks Relief From Stay
LOGO ATHLETIC: Trying To Survive
MONDI OF AMERICA: Extension of Exclusivity
PENNCORP FINANCIAL GROUP: Cites Cash Collateral Agreement

POWER DESIGNS: Operating Results and Amended Plan Details
QUADRAX: E.B. Acquisition Reports Stock Holdings
SGL CARBON: Chapter 11 Proceedings in the USA Dismissed
SGL CARBON: Expects Significant Improvement In Sales and Earnings
SLED DOGS: Changes Name and State of Domicile

THERMATRIX INC: Authorized to Continue Operations
TOKHEIM: Reports Operating Results
VENCOR: Second Motion For Extension of Exclusivity
XDOGS.COM: Results From September, 1998

                  *********


BONWIT TELLER: Closes Last Store
--------------------------------
Bonwit Teller announced yesterday that it is closing its last
store after nearly a century in business, according to the
Associated Press. The one-time Fifth Avenue retailer was rescued
from bankruptcy in 1990 by the Pyramid Cos., but Bonwit Teller
did not open its store yesterday in the Pyramid-owned Carousel
Center mall in Syracuse, N.Y. Pyramid said the store, which
employs 60 people, will begin a going-out-of-business sale on
Thursday and that that 62,000-square-foot store will be replaced
by a collection of new "lifestyle" stores. The Pyramid Cos.
bought Bonwit Teller out of bankruptcy in 1990 for $8 million in
cash, and its plans to expand the Bonwit Teller store name
throughout the company's two dozen malls and a new flagship store
in Manhattan never materialized. Founded in 1902, Bonwit Teller
was the first retailer in the United States to import designer
clothing from Europe and the first U.S. retailer to open a
designer section for men in its stores. (ABI 07-Mar-00)


EAGLE PICHER HOLDINGS: Reports Operating Results
------------------------------------------------
Sales in the nine months ended November 30, 1999, for Eagle
Picher Holdings Inc. were $913.3 million, a 7.2% increase over
the same period in 1998 when sales totaled $851.8 million.  Loss
before taxes was $20.4 million in 1999 and $19.1 million and $4.9
million in the nine months ended November 30, 1998 and the three
months ended February 28, 1998, respectively.

In addition to weaker operating results of similar divisions in
1999, the company indicates that three items contributed to the
decrease in income(loss) before taxes and affect comparability
between 1999 and 1998:

- A provision for impaired assets held for sale of $21.4 million
in 1999;

- Special management compensation expenses relating to an
acquisition of $28.9 million in 1998; and

- An increase in interest expense of approximately $5.8 million,
which related primarily to the increased debt resulting from the
acquisition of Carpenter in 1999 and lower debt in the period
prior to the acquisition in 1998.


EGGHEAD.COM: Shareholders Report Stock Ownership
------------------------------------------------
Alan S. Fisher beneficially owns 3,318,185 shares of the common
stock of EggHead.com, with sole voting and dispositive powers.  
This amount represents 8.9% of the outstanding common stock of
the company.

S. Jerrold Kaplan holds stock representing 13.6% of the
outstanding common stock of the company, as witnessed in the
5,048,960 shares he beneficially owns.  Mr. Kaplan holds sole
voting and dispositive power over the stock held by him.

The shares held by Mr. Kaplan do not include the 15,446 shares
beneficially owned by his wife, Michelle Pettigrew.  Also
excluded are the 10,000 shares held of record by the Lily Layne
Kaplan Irrevocable Trust, of which Mr. Kaplan's sister Amy Kaplan
Eckman is trustee, and 2,500 shares held of record by the Kaplan
Children's Trust, of which Mr. Kaplan's brother James Kaplan is
trustee and the beneficiaries of which are the children of James
Kaplan.

Mr. S. Jerrold Kaplan disclaims beneficial ownership of the
shares held by his wife, the Lily Layne Kaplan Irrevocable Trust
and the Kaplan Children's Trust.


GOLDEN OCEAN: Committee Taps Cadwalader, Wickersham & Taft
----------------------------------------------------------
The Official Committee of Unsecured Creditors of Golden Ocean
Group Limited, et al. is seeking court authority to employ
Cadwalader, Wickersham & Taft as counsel.

It is proposed that the firm provide the following services:

Assist, advise and represent the Committee with respect to the
administration of these cases and the exercise of oversight with
respect to the debtors' affairs;

Provide all necessary legal advice with respect to the
Committee's powers and duties;

Assist the Committee in maximizing the value of the debtors'
assets for the benefit of all creditors;

Pursue confirmation of a plan of reorganization and approval of
an associated disclosure statement;

Conduct an investigation, as the Committee deems appropriate,
concerning, among other things, the assets, liabilities,
financial condition and operating issues of the debtors'

Commence and prosecute any and all necessary and appropriate
actions and/or proceedings on behalf of the Committee that may be
relevant to this case;

Prepare on behalf of the committee necessary applications,
motions, answers, orders, reports and other legal papers;

Communication with the Committee's constituent s and others as
the committee may consider desirable in furtherance of its
responsibilities;

Appear in court and to represent the interests of the Committee;

The hourly rates of the principal attorneys designated to
represent the Committee range from $340 per hour to $500 per
hour.


GRAND COURT LIFESTYLES: Fails To Make Interest Payment
------------------------------------------------------
Grand Court Lifestyles, Inc. (Nasdaq: GCLI) (the "Company")
reported that it had failed to make payments due on March 1, 2000
of interest on certain debt obligations and rent. Capitalized
terms not otherwise defined herein shall have the same meaning as
set forth in the Company's Quarterly Report on Form 10-Q for the
fiscal quarter ended October 31, 1999.

On March 1, 2000, the Company failed to make payments then due
relating to interest on approximately $13.6 million aggregate
principal amount of debt obligations, rent payments on its
corporate offices in Boca Raton, Florida, and Fort Lee, New
Jersey, rent for the four Development Communities under the
Capstone leases and certain other expenses.  Such payments are
due on the first day of each month.

As a consequence of such failure, the Company is in default under
such obligations and, due to cross-default provisions, many of
its other debt obligations.

In addition to the payments due on the first day of each month,
the Company is obligated to make payments of principal and
interest on many other debt obligations and payments of
Management Contract Obligations on the fifteenth day
of each month.

While the Company will continue to monitor its financial
condition and make decisions regarding future payments as the
circumstances warrant, at this time it appears unlikely that the
Company will make such future payments as they become due.

To date, none of the Company's creditors have attempted to
exercise any remedies against the Company.  Sales of partnership
interests in Syndications, historically the Company's primary
source of revenue, have been suspended.

Although the Company continues to explore strategic responses
such as the sale and/or recapitalization of the Company and plans
to initiate discussions with creditors in an effort to
renegotiate the terms of its debt obligations, it is likely that
the Company will initiate proceedings for reorganization under
applicable bankruptcy laws.

In addition, on March 2, 2000, Walter Feldesman resigned his
position as a director of the Company.  In addition to having
served as a director of the Company, Mr. Feldesman is currently a
director of Sterling National Bank, which is a lender to the
Company.  In tendering his resignation, Mr. Feldesman explained
that continued service as a director of the Company could, in
light of the Company's current financial position, conflict with
his service as a director of Sterling National Bank.


GREAT AMERICAN LIFE: To Pay $11.2 Million to Dallas Couple
----------------------------------------------------------
A state court jury awarded a Dallas couple $11.2 million in
damages against Great American Life Insurance Co. on the couple's
claims of fraud and misrepresentation against the Cincinnati-
based insurer, according to a newswire report. Jack and Kathran
Martin, who had been managing general agents for Great American
and had built a network of 150 sub-agents, accused the company of
fraudulently terminating its business relationship with them,
thus depriving them of their sales commissions generated by the
sub-agents. The jury found that the insurance company
fraudulently misrepresented reasons for terminating the Martins
and awarded them $2.8 million in actual damages and $8.4 million
in punitive damages. An attorney for the couples said that the
jury saw that it was a "simple case of right and wrong." In 1994,
the Martins encountered some financial difficulties and
considered filing for bankruptcy. But first they called Great
American's general counsel to determine whether their filing
would affect their relationship with the company. Their attorney
said Great American assured them it would not, but after they
filed Great American terminated them. The couples' attorney said,
"They [Great American] used the bankruptcy as a pretext to steal
their 150 sub-agents. They simply wanted to cut the Martins out
of their override commission." The Martins filed suit against the
company in 1996. (ABI 07-Mar-00)


IRIDIUM: Receives $3 Million from Lenders
-----------------------------------------
Iridium LLC announced that it has secured $3 million from its
lenders, which will provide the satellite phone operator with 11
more days to keep its network operating and secure a buyer,
Reuters reported. At a bankruptcy court hearing in Manhattan
yesterday, the court approved the interim financing plan proposed
by the company, which expires March 17, and set a deadline for
next Wednesday, March 15, for Iridium to find new investors or a
company to buy it out of bankruptcy. Last Friday, cellular
pioneer and his Eagle River investment group abandoned their
plans to buy Iridium, which filed chapter 11 last August. Iridium
said that Eagle River told the company its pull-out was not a
bargaining tactic, as some analysts had thought. Iridium attorney
William J. Perlstein of Wilmer, Cutler & Pickering said, "We're
asking for a very small amount of money for the hope--and that's
all it is--the hope that we can find another purchaser." He also
said that investment bank Donaldson, Lukin and Jenrette was
contacting 21 firms that had previously expressed interest in
Iridium to determine whether any would offer bids. Perlstein also
said that Iridium will use its 11 days to prepare a plan for de-
orbiting the company's network of 66 satellites and begin
implementing the plan on March 17 if a backer is not found. He
predicted it would take six to seven months to execute the plan
in working with multiple U.S. government agencies. (ABI 07-Mar-
00)


JUMBOSPORTS: Seeks Authority To Sell Indiana Real Property
----------------------------------------------------------
The debtors, JumboSports Inc. and its debtor affiliates seek
court approval to sell real property located in Ft. Wayne,
Indiana to James Bailey.  A hearing to consider the motion is
scheduled for March 28. 2000 at 2:30 PM before the Honorable C.
Timothy Corcoran, III, US Bankruptcy Judge, In Courtroom 9B, Sam
M. Gibbons US Courthouse, 801 North Florida Avenue, Tampa, Fla.

The property is located at 6315 Illinois Road, Ft. Wayne, Indiana
and the total purchase price is $2.5 million.  Any competing
bidder must submit a competing bid for the real property by no
later than 5:00 PM on March 24, 2000.  Any competing bid or
topping bid must start at $2.51 million and all subsequent higher
bids must be in incremental increases of at least $10,000.
An auction will be held on March 27, 2000.


JUMBOSPORTS: Seeks Authority to Sell Nebraska Real Property
-----------------------------------------------------------
The debtors, JumboSports Inc. and its debtor affiliates seek
court approval to sell real property located in Lincoln, Nebraska
to Furniture Row USA, LLC.  A hearing to consider the motion is
scheduled for March 28, 2000 at 2:30 PM before the Honorable C.
Timothy Corcoran, III, US Bankruptcy Judge, In Courtroom 9B, Sam
M. Gibbons US Courthouse, 801 North Florida Avenue, Tampa, Fla.

The property is located at 5000 North 27th Street, Lincoln,
Nebraska and the total purchase price is $2.4 million.  Any
competing bidder must submit a competing bid for the real
property by no later than 5:00 PM on March 24, 2000.  Any
competing bid or topping bid must start at $2.41 million and all
subsequent higher bids must be in incremental increases of at
least $10,000.  An auction will be held on March 27, 2000.  


JUMBOSPORTS: Seeks Authority to Sell South Carolina Real Property
-----------------------------------------------------------------
The debtors, JumboSports Inc. and its debtor affiliates seek
court approval to sell real property located in North Charleston,
South Carolina to John Derbyshire and Linda Derbyshire.  A
hearing to consider the motion is scheduled for March 28, 2000 at
2:30 PM before the Honorable C. Timothy Corcoran, III, US
Bankruptcy Judge, In Courtroom 9B, Sam M. Gibbons US Courthouse,
801 North Florida Avenue, Tampa, Fla.

The property is located at 8551 Rivers Avenue, North Charleston,
South Carolina, and the total purchase price is $2.15 million.  
Any competing bidder must submit a competing bid for the real
property by no later than 5:00 PM on March 24, 2000.  Any
competing bid or topping bid must start at $2.16 million and all
subsequent higher bids must be in incremental increases of at
least $10,000.  An auction will be held on March 27, 2000.


LAMONTS APPAREL: Deadlines For Filing Proofs of Claim
-----------------------------------------------------
The US Bankruptcy Court for the Western District of Washington at
Seattle entered an order providing that all proofs of claim or
proofs of interest must be filed so that they are actually
received on or before 4:00 PM, Pacific Daylight Time, on April
28, 2000.


LOEWEN: American Commercial Bank Seeks Relief From Stay
-------------------------------------------------------
American Commercial Bank asks the Court for an Order modifying
the automatic stay to permit the Bank to foreclose its first
position mortgage against the real property known as Conejo
Mountain Memorial Park and to satisfy any judgment obtained from
the sale of the property.

ACB tells the Court that Conejo Mountain Memorial Park on June
16, 1995 executed and delivered its Promissory Note in the
principal amount of $494,774.17 to Channel Islands National Bank,
and contemporaneously delivered its Deed of Trust to CINB,
providing security for the Promissory Note in the form of a
properly recorded first lien on the real property known as 2052
Howard Road, Camarillo, California 93012 (the "real property").

On May 10, 1999, Conejo executed and delivered its Change in
Terms Agreement to ACB in the principal amount of $350,220.84,
and contemporaneously delivered its Modification of Deed of
Trust, with the "real property" as security, ACB reports.

ACB further informs the Court that in connection with the loan
from the execution of the Promissory Note, Loewen executed and
delivered its unconditional Commercial Guaranty, guaranteeing
inter alia repayment of the $494,774.17 promissory note and
related charges and expenses.

Furthermore, ACB relates, Loewen executed, in connection with the
execution of the Change of Terms Agreement, an unconditional
Commercial Guaranty in favor of ACB, guaranteeing repayment of
$351,000 plus related charges.

Less than 30 days after Conejo and Loewen executed and delivered
their respective Promissory Notes and Guarantees to ACB, both of
them filed their Chapter 11 petitions, notes ACB. The Bank
complains that since the Petition Date, only a $32,971.95 payment
has been received, applied on August 25, 1999, and no further
periodic payments have been received despite demands from ACB for
payment. As of January 30, 2000, Loewen owes ACB $331,683.45 in
principal, $95,496.27 in arrearages, $21,091.01 in accrued, past
due interest, $6,507.78 in late charges plus $4,691.41 in
attorneys' fees and costs, according to the Bank's presentation
to the Court.

Noting that Conejo has made only one payment to the Bank in
nearly a year, and further noting that Conejo is not insolvent
but upstreaming all its income to debtor parent, ACB alleges that
Conejo is perpetrating a fraud by the filing of its Chapter 11
petition.  ACB believes that cause exists for the relief because
the Debtors have not provided and are not providing ACB with
adequate protection. (Loewen Bankruptcy News Issue 20; Bankruptcy
Creditor's Service Inc.)


LOGO ATHLETIC: Trying To Survive
--------------------------------
The Indianapolis Business Journal reports on March 6, 2000 that
Logo Athletic Inc. has cut 25 managers and tapped investors for
new money in its quest to survive.

According to the report, Michael Kistler resigned as the
company's executive vice president.  And previously, Tom Shine,
took a new position as co-chairman, leaving behind the
operational titles of president and CEO.

Jochen Zeitz, CEO of major Logo investor and German sporting
goods manufacturer Puma AG, is Shine's counterpart as co-
chairman.

Acting CEO Bruce Jacobson, a senior partner at accounting firm
Katz Sapper & Miller LLP, is leading the company by committee,
which includes Shine and Zeitz.

It remains unclear how many of Logo's 580 hourly employees might
be laid off. Company officials are making the moves to counter
declining trends in the licensed apparel industry that have
already claimed two major competitors.

Starter Corp. in Connecticut folded last year while Fruit of the
Loom, which owns Pro Player Inc. in New York, recently filed for
Chapter 11 bankruptcy protection. The Pro Player subsidiary is
for sale, Fruit of the Loom officials said.

Chief among the agreements Logo is trying to restructure is its
licensing deal with the National Football League. Logo pays NFL
Properties Inc., an estimated $ 15 million a year, Street &
Smith's SportsBusiness Journal, an industry trade magazine,
recently reported.

Aside from seeking changes in the licensing pact, Logo has
secured additional funding from investors, including Puma, which
originally had a 25-percent stake.

Indianapolis Motor Speedway, McDonald & Company Securities Inc.
and Simon Investments LLC are among the local investors with a
stake in the sports apparel firm.

Part of the restructuring at Logo Athletic will be an attempt to
recapture interest among teen-agers.
  

MONDI OF AMERICA: Extension of Exclusivity
------------------------------------------
The debtors, Mondi Of America, Inc. and its debtor affiliates
seek court authority to extend the debtor's exclusivity period.  
A hearing on the motion will be held on march 21, 2000 at 5:00 PM
before the Honorable Peter J. Walsh, US Bankruptcy Court,
District of Delaware.

The debtors seek entry of an order extending through and
including April 1, 2000 the time within which the debtors
maintain the exclusive right to file a plan of reorganization and
extending through and including May 31, 2000, the time within
which the debtors maintain the exclusive right to solicit
acceptances for any plan of reorganization.

On the Petition Date the debtors field a motion seeking approval
of a prepetition Agent Sale Agreement to effectuate an orderly
liquidation of their remaining inventory. The sale motion was
approved in November, 1999 and liquidation sales at each of the
debtors' stores are nearly complete.  The debtors have rejected,
assumed and assigned or otherwise disposed of a majority of their
leases of nonresidential property.

The debtors have not yet fully prepared a plan of reorganization.  
Given the pressing and time-consuming nature of the debtors'
l8qiudiation efforts, the debtors state that it is not realistic
or feasible to expect that the debtors could have prepared a plan
by this stage of the bankruptcy cases.


PENNCORP FINANCIAL GROUP: Cites Cash Collateral Agreement
---------------------------------------------------------
As previously reported, on February 7, 2000, PennCorp Financial
Group, Inc. filed a voluntary petition for relief under chapter
11 of title 11 of the United States Code in the Bankruptcy Court
for the District of Delaware. In connection with the filing by
the company of the Chapter 11 case, the company and the lenders
party to the Credit Agreement dated March 12, 1997, between the
company, the lenders and The Bank of New York, as administrative
agent, executed a Forbearance Agreement, whereby the lenders
agreed to forbear from exercising their remedies under the Credit
Agreement as a result of the event of default that occurred under
the Credit Agreement when the company commenced the Chapter 11
case.

In connection with the commencement of the Chapter 11 case, the
Credit Agreement was superseded by a Cash Collateral Agreement
dated February 8, 2000, between the company, the lenders and The
Bank of New York, as administrative agent. The Cash Collateral
Agreement provides a mechanism for the repayment of the company's
currently outstanding loans, permits the sale of certain of the
company's subsidiaries to Reassure America Life Insurance
Company, and sets forth certain covenants with which the company
must comply until all of the company's outstanding loans (plus
interest) are repaid. On February 10, 2000, the company, the
lenders and The Bank of New York, as administrative agent,
executed Amendment No. 1 to  the Cash Collateral Agreement, in
order to provide for the establishment of a custody account to
provide for the investment of the company's funds which are in
the possession of The Bank of New York (and over which it has a
lien) through a custody account maintained at The Bank of New
York, all as required by the bankruptcy court.


POWER DESIGNS: Operating Results and Amended Plan Details
---------------------------------------------------------
During the first quarter of fiscal 2000, Power Designs Inc.'s net
profit before other income and expense was $73,093. This
improvement over the first quarter fiscal 1999 net profit of
$28,685 is largely due to the increased sales levels which have
resulted from the company's increased efforts in the areas of
sales and marketing. In addition, improved manufacturing
efficiencies have resulted in the company's ability to
shorten the span of time between the receipt and the fulfillment
of customer orders.

During the first quarter of fiscal 2000, the company and its
wholly- owned subsidiary, continued manufacturing operations as
debtors-in-possession under Chapter 11 protection. The Vantage
Partners LLC, a management consulting firm retained under court
order, together with Melvin A. Becker, Vice President of
Operations, continued in their roles as senior management.
Product offerings were confined to three historical families of
products: military grade power supplies, variable auto-
transformers, and linear switching power supply products.
Employees and contracted consultants of the company at September
30, 1999 totaled 26.

The company's amended plan of reorganization provides for the
cancellation of all existing equity interests, and the issuance
of 2,000,000 new common shares to be divided among Inverness
Corporation, Hayes Corporation, and certain unsecured creditors.  
Approximately $1.95 million of secured debt is proposed to remain
post-confirmation and will bear interest at 10% annually.
Administrative claims, priority tax claims, and employee priority
claims will be paid in accordance with the terms negotiated with
the claimants, or in certain cases, those provided by law.
Certain unsecured claims of PDIXF Acquisition Corporation will
receive a 5% cash settlement in full satisfaction of their
outstanding claims.

All remaining claims will be deemed unsecured non-priority
claims, and their holders will receive a proportionate number of
common shares in the reorganized corporation.

A confirmation hearing on the amended plan has been continued to
March 21, 2000, and may be continued from time to time by the
court. Should the amended plan not be confirmed, there is
significant probability that the case may be converted to a
Chapter 7 case. In the instance of a conversion to a Chapter 7
liquidation, there is little likelihood of any value
remaining to satisfy the existing equity interests of the
company.


QUADRAX: E.B. Acquisition Reports Stock Holdings
------------------------------------------------
E.B. Acquisition, L.L.C. beneficially owns 12,250,000 shares of
the common stock of Quadrax Corporation, with sole powers to vote
or dispose of the shares, representing 49.00% of the common stock
of the company.

David Bistricer and Nachum Stein, as member-managers of E.B.,
share the voting and dispositive powers over the 12,250,000
shares owned.

E.B. is organized under the laws of New York.  Stein and
Bistricer are the sole managers, officers and members of E.B.,
whose principal business is that of a private investment limited
liability company engaged in the purchase and sale of securities
for investment for its own account. The principal business of
Stein and Bistricer is to serve as investors and member-managers
of E.B.

The source of the funds for the purchase is from the working
capital of E.B. Under the Second Amended Plan of Reorganization
of E.B. Acquisition, L.L.C., filed jointly with the debtor
Quadrax Corporation as confirmed by Judge Arthur N. Votolato,
United States Bankruptcy Court for the District of Rhode Island,
dated October 22, 1999, Quadrax is issuing the shares to E.B.,
for payment of $100,000.  Quadrax is also issuing a note
obligation in the amount of $2,450,000 to E.B., repayable two
years from the Plan's effective date, bearing interest payments
equaling 8% per annum until maturity, the interest being payable
monthly.

According to E.B. it is acquiring the shares for its own account
for investment and not with a view to, or for sale in connection
with, any distribution, nor with any present intention of
distributing or selling the stock.


SGL CARBON: Chapter 11 Proceedings in the USA Dismissed
-------------------------------------------------------
The US court in Delaware overseeing the bankruptcy case of SGL
CARBON Corporation, one of SGL CARBON AG's (NYSE: SGG) North
American subsidiaries, entered an order dismissing the Company's
voluntarily Chapter 11 petition effective March 15, 2000.  In so
doing, the court acted in accordance with an appeals court
decision issued in late December.

The dismissal of the Chapter 11 petition will have virtually no
impact on the civil suits filed against SGL CARBON in the US. As
already reported, more than 96% of all claims in the US (as
measured by the volume of purchases each claim represents) have
now been settled out of court, and the dismissal of the
Chapter 11 petition will not affect these settlements.  The
Company's success in achieving these settlements with the
overwhelming majority of claimants will provide the basis to find
an economically acceptable solution in the remaining cases as
well.  Moreover, now that the Chapter 11 case has come to
conclusion, SGL CARBON will be able to concentrate fully on its
day-to-day business once more.

For the current fiscal year 2000, SGL CARBON is expecting a
significant improvement in both sales and earnings due to the
upturn in the markets the Company services and its continued cost
savings programs.


SGL CARBON: Expects Significant Improvement In Sales and Earnings
-----------------------------------------------------------------
According to a report in AFX European Focus on March 6, 2000,
SGL Carbon AG said that, for the current business year, it
expects a "significant improvement in both sales and earnings due
to the upturn in the markets the company services and its
continued cost savings programme."

It added that a U.S. court in Delaware overseeing the bankruptcy
case of its U.S. unit SGL Carbon Corp entered an order dismissing
the company's voluntary Chapter 11 petition effective March 15,
2000.

A company statement said that in so doing, the court acted in
accordance with an appeals court decision issued in late
December.

It said dismissal of the Chapter 11 petition will have virtually
no impact on the civil suits filed against the U.S. unit.

It noted that as was reported earlier, 96 pct of all claims in
the U.S. have now been settled out of court and the dismissal of
the Chapter 11 petition will not affect these settlements.

"The company's success in achieving these settlements with the
overwhelming majority of claimants will provide the basis to find
an economically acceptable solution in the remaining cases as
well," SGL Carbon said.

"Moreover, now that the Chapter 11 case has come to conclusion,
SGL Carbon will be able to concentrate fully on its day-to-day
business once more," it added.


SLED DOGS: Changes Name and State of Domicile
---------------------------------------------
Sled Dogs Company was incorporated in Colorado in 1991 as a
distributor of SnowRunner snow skates. Between 1991 and 1994, the
company was restructured, and the name of the company was changed
several times, including such names as SnowRunner (USA) Inc.,
SnowRunners, Inc., and The Sled Dogs Company.  In May, 1999, the
company changed its state of domicile to Nevada and its name to
Xdogs.com, Inc.

Sled Dogs filed for protection under Chapter 11 of the U.S.
Bankruptcy Code on November 5, 1997. The Plan of Reorganization
was approved on June 30, 1998; and the Order and Final Decree
closing the Chapter 11 case was issued on September 10, 1998.

The most recent financial information from the company shows that
at the close of its fiscal year, March 31, 1998, the company had
total sales of $232,874, which came principally from the
liquidation of inventory.  Net loss, which included losses from
continuing operations and reorganization items was $2,509,899.


THERMATRIX INC: Authorized to Continue Operations
-------------------------------------------------
Thermatrix Inc., an air pollution control company, has been
authorized by the U.S. Bankruptcy Court, Central District of
California, to continue to operate in Chapter 11 status.

In a Feb. 3 hearing, the court said the secured creditor's
collateral is adequately protected and Thermatrix can continue
its operations.

The ruling allows the company to fill its existing orders while
developing its restructuring plan. The next hearing is scheduled
for March 21, at which time Thermatrix expects to present the
details of its proposed business plan.

Thermatrix has also announced the resignation of John T.
Schofield as director, chairman of the board, president and chief
executive officer.

Frank R. Pope, a long-time director of Thermatrix and the
managing director of critical resources of San Francisco, is now
the chairman of the board and chief executive officer. Daniel S.
Tedone, executive vice president and chief financial officer, was
appointed president of the company and elected to the board of
directors.

Tedone will lead the current restructuring and assume overall
management for Thermatrix operations. Pope will assist in the
restructuring.


TOKHEIM: Reports Operating Results
----------------------------------
Tokheim Corporation is the world's largest manufacturer and
servicer of electronic and mechanical petroleum dispensing
systems. These systems include petroleum dispensers and pumps,
retail automation systems (including point-of-sale ("POS")
systems), dispenser payment or "pay-at-the-pump" terminals,
replacement parts and upgrade kits. The company provides products
and services to customers in more than 80 countries and is the
the largest supplier and servicer of petroleum dispensing systems
in Europe, Africa, Canada, the Middle East, Eastern Europe and
Mexico, and one of the largest in the United States. It has
established operations in Asia and Latin America as well.

Net sales increased 48.8% in the fiscal year ended November 30,
1999 to $693.9 million compared to $466.4 million in fiscal 1998.  
Loss before extraordinary loss on debt extinguishment for 1999
was $36.5 million, compared to a loss before extraordinary loss
on debt extinguishment in 1998 of $3.7 million.


VENCOR: Second Motion For Extension of Exclusivity
--------------------------------------------------
Plan negotiations continue, the Debtors tell Judge Walrath, with
the pre-petition senior creditors, Ventas, the Government, the
subordinated noteholders, and the creditors' committee and their
advisors.  "The Debtors remain optimistic that they will be able
to file a plan . . . in the near future," Vencor says as its
requests:

(1) through May 16, 2000, a second extension of its exclusive
period during which to file its plan of reorganization; and

(2) a concomitant extension of its exclusive period during which
to solicit acceptances of that plan through July 17, 2000.  

On the business side, the Debtors report that they are continuing
to undertake initiatives to increase efficiency and productivity.  
For example, the Debtors relate, Vencor have recently begun a
risk management initiative targeted at preventing and reducing
litigation risk at all levels of the Debtors' operations.  
(Vencor Bankruptcy News Issue 11; Bankruptcy Creditor's Service
Inc.)


XDOGS.COM: Results From September, 1998
---------------------------------------
Formerly known as Sled Dogs Company, XDogs.Com recently rendered
quarterly and six months figures for the period ending September
30, 1998.  For the three months ended September 30, 1998, the
company had total revenue of $547. There was no cost of goods
sold because of previous write downs of inventory.  Net loss from
operations was $173,031.  For comparison, in the same period of
1997 revenue was $10,355 and net loss was $532,985.

For the six months ended September 30, 1998, revenue was $11,487
and net loss from operations was $172,453.  In the six months
ended September 30, 1997 revenue was $65,563 and net loss was
$933,275.

The compromise of prepetitioned liability claims under the
company's reorganization gave it an extraordinary gain of
$2,564,734 in the first quarter of the company's fiscal year
which yielded a six month bottom line of $2,392,281.

At this time last year, March 1999 the company indicated its plan
for the fiscal year ended March 31, 1999 was to continue the
restructuring of its operations, focus on developing its e-
commerce presence, and finalize its business plan.


                  *********

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