TCR_Public/000314.MBX   T R O U B L E D   C O M P A N Y   R E P O R T E R

     Tuesday, March 14, 2000, Vol. 4, No. 51  
                            
                  Headlines

CARTON CRAFT: Files Chapter 11
DIAMOND ENTERTAINMENT: Annual Meeting Set For April 27, 2000
EGGHEAD COM: Offers Shares Of Common Stock
ELDER BEERMAN: Shareholder Complains About Market Valuation
EMPLOYEE SOLUTIONS: S&P Cuts Debt

FLOORING AMERICA: Cramer Rosental McGlynn Report Holdings
GENICOM: Files For Chapter 11 Protection
GENICOM: Officials Say Firm Is For Sale
ICO GLOBAL: Satellite Launch Results in Failure
INTEGRATED HEALTH: Taps Warburg Dillon as Financial Advisor

INTEGRATED HEALTH: First Meeting of Creditors Set For March 24
IRIDIUM: Motorola Tells Customers That Iridium Service May End
JOAN & DAVID: Quick Expansion and Family Feud Create Bankruptcy
KAISER GROUP: Common Stock Suspended
MCMS, INC.: Moody's Downgrades Notes

MGC COMMUNICATIONS: Moody's Upgrades Senior Notes From Caa1 To B3
PATHMARK: S&P Drops Rating For Credit, Debt and Bank Loans
PREMIER LASER: Announces Chapter 11 Reorganization
PRIMARY HEALTH SYSTEMS: Negotiates Agreement with Cleveland
READ-RITE: Announces Conversion Price for Exchange Offer

REGAL CINEMAS: Moody's Lowers Sr/Sub Debt Ratings
REV HOLDINGS, INC.: Moody's Lowers Debt Ratings
ROBERDS: Court Approves DIP Financing
SAFETY COMPONENTS: Cramer Rosenthal McGlynn Report Holdings
SAFETY-KLEEN SERVICES: Moody's Downgrades Notes; Negative Outlook

TRANS ENERGY: Cool Reports Holdings
TRANS ENERGY: South County Investors Reports Holdings
VENTAS INC: Cramer Rosenthal McGlynn Reports Holdings
WESTMORELAND COAL: Virginia Power Case Remanded To Trial Court
WINSTAR COMMUNICATIONS: S&P UPS SNR UNSEC DEBT

Meetings, Conferences and Seminars

                  *********

CARTON CRAFT: Files Chapter 11
------------------------------
The Buffalo News reports on March 11, 2000, that Carton-Craft, a
Buffalo printing company that makes juvenile board books for
Disney and other publishers, has filed for Chapter 11 bankruptcy
protection.

Timothy S. Ortolani, president and chief executive officer,
blamed the collapse of Buffalo's commercial real estate market,
and reluctance of banks to refinance the mortgage on the
company's Ash Street plant for forcing the business into
bankruptcy.

"I bought that property for $ 2 million back in 1986 and it was
recently appraised at less than $ 200,000. I can't get any bank
to refinance the mortgage," said Ortolani, who owns the private
company.

He said the company owes HSBC Bank USA a balloon payment of
almost $ 1 million on its mortgage.

Carton-Craft, founded locally in 1946, employs as many as 275
workers during peak operating periods. The company will continue
daily operations while negotiating a reorganization plan with
creditors.

Ortolani said he is considering a range of other options, which
include selling the company or relocating to Alabama or Texas. He
plans to seek public sector help to handle the company's
financial bind.

"Moving would be a last resort, but it's an option we have
considered in the past and we'll have to look at it given our
present situation," he said. "Our business is strong, but we're
in a bind because of the weak local economy and its effect on
property values. Our best-case scenario is to obtain some help
from the public sector and arrange new financing so we can stay
here."

Workers at the plant are represented by the International
Association of Machinists & Aerospace Workers.


DIAMOND ENTERTAINMENT: Annual Meeting Set For April 27, 2000
------------------------------------------------------------
Diamond Entertainment Corporation, a New Jersey corporation, is
inviting its stockholders to the annual meeting of shareholders
to be held on April 27, 2000 at 3:00 P.M., local time, at the
offices of Diamond Entertainment Corporation, 800 Tucker Lane,
Walnut, California 91789. At the annual meeting, stockholders
will be asked to consider and vote upon (I) the election of one
(1) Class 1 directors and two (2) Class 2 directors to the
Board of Directors of the company for term of three years; (II)
the ratification of Merdinger, Fruchter, Rosen & Corso, P.C. as
the independent certified public accountants of the company;
(III) the increase of the authorized common stock of the company
from 100,000,000 shares of common stock, no par value, to
600,000,000 shares; (IV) the approval and consent giving the
Board of Directors of the company the authority and power to
effectuate a reverse stock split up to a maximum ratio of 10 to 1
of the authorized shares of the common stock of the company; and
(V) such other business as may properly come before the annual
meeting.

Time will be set aside during the meeting to discuss each item of
business described in the Proxy Statement and for other questions
relating to the company. Representative members of management
will be on hand for this purpose, including a representative from
the auditor.


EGGHEAD COM: Offers Shares Of Common Stock
------------------------------------------
Egghead.com, Inc. is offering 702,947 shares of common stock
pursuant to a common stock purchase agreement with Acqua
Wellington North American Equities Fund, Ltd. The company has
released a prospectus supplement which relates to the first
settlement date of the first draw down under the purchase
agreement. The common stock is being purchased at an average
price of $10.67 per share, which price is based on the recent
trading prices of the common stock on the Nasdaq National Market
and reflects a 5.60% discount. The common stock is quoted on the
Nasdaq National Market under the symbol "EGGS." On March 2, 2000,
the closing sale price of the common stock was $9.44 per share.   


ELDER BEERMAN: Shareholder Complains About Market Valuation
-----------------------------------------------------------
PPM America CBO II Management Company, PPM America Fund
Management GP, Inc., PPM America Inc/IL, PPM America Special
Investment Fund, L. P., PPM American Special Investments CBO, II
L.P., PPM America Inc., are all involved to one degree or another
in ownership of the common stock of Elder Beerman Stores
Corporation.  PPM believes that Elder Beerman's current policies
and method of doing business reflect a lack of concern for
maximizing the value of the company for the benefit of its
shareholders. PPM states it believes that this is starkly
evidenced by the fact that the aggregate market value of the
company's common stock is only about 35% of the company's book
value. PPM accordingly has concluded that the market valuation of
the company should be at least three times greater than it is.

PPM further believes that Elder Beerman's management and board of
directors have a fiduciary duty to take prompt and effective
action to substantially increase shareholder value. By letter
dated February 22, 2000, counsel to PPM on behalf of PPM advised
Elder Beerman Stores Corporation that it should either: (i) put
the company up for sale to the highest bidder; or (ii) conduct a
Dutch auction for its shares for the equivalent of at least $17
million or the full amount of cash remaining under the company's
share repurchase plan.

Although PPM is aware from the filings of other significant
stockholders of the company, made with the Securities and
Exchange Commission, that such other stockholders may also be
disenchanted or unhappy with the state of affairs at the company
at this time, PPM intends to avoid taking any action, including
but not limited to entering into agreements or understandings
with other stockholders of the company, which would make PPM part
of a larger group of stockholders.

Nevertheless, subject to and in light of the foregoing, and if
the company does not provide a concrete and constructive response
to the need to maximize shareholder value, PPM may take
unilateral action to implement its goal of enhancing shareholder
value, which may include but not be limited to: (i) influencing
the management and board of the company in order to enhance
shareholder value; (ii) soliciting proxies for the election of
directors acceptable to PPM at the company's next annual meeting;
(iii) soliciting bids for the sale of the company or otherwise
causing the company to become privately owned; or (iv) pursuing
claims against the company's management and directors for breach
of fiduciary duty, waste, self dealing and other injury.

On February 24, 2000 PPM had advised Elder Beerman Stores, among
other things, that PPM had determined that the company has a duty
to take prompt action to enhance shareholder value and that PPM
required a "concrete" response from the company by February 28,
1999.

Later on February 24, a representative of the firm of Wasserstein
Perrella & Co. contacted counsel to PPM and invited PPM to a
meeting to be held at the offices of the company's counsel in
Chicago on February 28, 2000.  PPM was also advised that the
company would be issuing a press release the morning of the
meeting and that the contents of the press release would be
discussed at the meeting.  The Wasserstein representative
declined to indicate what the subject matter of the press release
would be.

PPM responded that it would be happy to attend such a meeting but
that it did not want to be advised of non-public information at
the meeting that would restrict PPM from trading in the company's
securities for more than a limited period of time.  The
Wasserstein representative later replied that the company would
not agree to conduct the meeting in that manner and that
PPM could make its own determination as to whether or not, or at
what point, PPM should leave the meeting in order to avoid
becoming restricted from trading.  PPM declined to attend the
meeting on that basis.

The press release issued by the company on February 28, 2000
indicated that the company had retained Wasserstein to "explore
alternatives that could include the sale of the company".  It is
PPM's understanding, however, that Wasserstein has been working
with the company since early 1998.  PPM accordingly believes that
the company's press release was misleading, disingenuous and did
not constitute a "concrete" response to PPM's February 22 letter
to the company.  Moreover, according to PPM, given that the
company has experienced over a 50% drop in its share price during
Wasserstein's tenure in that its stock price has fallen from $11-
9/16 per share on December 31, 1998 to close on March 2, 2000 at
a price of $5-11/16 per share, PPM has no confidence at all that
Wasserstein will help enhance the company's shareholder value.

In PPM's initial stockholdeer filing almost six months ago, PPM
stated that the company should take three actions which PPM
believed would enhance shareholder value:  (i) install two
additional independent directors; (ii) amend the company's
Articles of Incorporation and Code of Regulations to eliminate
"super-majority" voting requirements; and (iii) separate the role
of the Chairman of the Board from the role of the Chief Executive
Officer. While the company did install two additional directors
to its board of directors, the incumbent directors significantly
outnumber these new directors and PPM accordingly believes that
this disparity in numbers effectively neuters the new directors'
ability to be agents of change. Beyond that, PPM believes that
the company has failed to satisfy any of the requests of its
largest shareholders.  In PPM's amendment to its stockholder
schedule, PPM stated that the company must either put itself up
for sale to the highest bidder or conduct a Dutch auction for its
shares, which it could effectuate immediately under its existing
stock buyback program.  So far, states PPM, the company's only
response has been to announce the two year old news that it is
working with Wasserstein.

PPM says it will continue to insist that the company comply with
PPM's as yet unmet requests.  PPM believes that the company must
respond to PPM's requests no later than March 17, 2000.  PPM
intends to file a further amendment to its stockholder schedule
on or about March 20, 2000 to state whether or not the company
has responded to PPM's requests in a  satisfactory manner and to
specify further action which PPM is prepared to take.


EMPLOYEE SOLUTIONS: S&P Cuts Debt
---------------------------------
Standard & Poor's lowered its corporate credit and senior
unsecured debt ratings for Employee solutions Inc. to double-'C'
from single-'B'-minus.

In addition, the ratings are placed on CreditWatch with negative
implications.

The rating actions reflect the company's recent announcement that
it has begun negotiations with its bondholders in order to
reorganize its capital structure.

In addition, Employee Solutions' independent auditors have
advised the company that a going concern modification for its
1999 financial statements will likely be issued in light of net
losses from 1997 through 1999, as well as the uncertainty
surrounding the negotiations.

If the negotiations result in an offer to bondholders for
materially less than par value, such circumstances would be
tantamount to a default, in Standard & Poor's view. In this
event, Standard & Poor's would lower its ratings for the company
to 'D'.


FLOORING AMERICA: Cramer Rosental McGlynn Report Holdings
---------------------------------------------------------
Cramer Rosenthal McGlynn, LLC, investment advisers, beneficially
own 1,270,000 shares of the common stock of Flooring America Inc.  
Shared voting and dispositive powers are held over the shares,
the aggregate total of which equals 6.671% of the outstanding
common stock shares of the company.


GENICOM: Files For Chapter 11 Protection
----------------------------------------
GENICOM Corporation announced that it has filed for Chapter 11
bankruptcy protection in Delaware.  As previously reported,
GENICOM Corporation has been operating in violation of its credit
facility since the third quarter of 1999.  On February 25, 2000,
GENICOM received formal notice from its lender group of the
occurrence of certain events of default under the credit
facility, including the Company's failure to make required
principal and interest payments.  The notice also stated that all
amounts due under the credit facility had been accelerated and
were fully due and payable.  The lenders immediately began
exercising all of their rights and remedies, including their
right to offset the Company's bank accounts and foreclose on
their collateral.

In prior press releases, GENICOM had identified uncertainties
related to the Company's ability to maintain itself as a going
concern and noted that the absence of lender support could make
the initiation of bankruptcy proceedings appropriate. On March
3rd, the Company was able to meet its payroll obligations after
its current lender group released sufficient funds from
previously offset money collected as the result of exercising its
default remedies.  Since then, the Company has been unsuccessful
in negotiating remedies to the default occurrences and has thus
filed for bankruptcy protection.

Subsequent to the filing, the Company and its lenders have agreed
upon the terms of a DIP loan facility of $6.9 million and a cash
collateral order that will be submitted to the court for
approval.  This agreement will enable the Company to continue
operations including the funding of payroll, materials, goods and
services on an ongoing basis.  It is the Company's intention, in
the near future, to ask the court to approve a procedure that
will allow interested parties to submit proposals to purchase the
Company's business in whole or in part.  In addition, the Company
has determined not to proceed with an appeal of its delisting
from Nasdaq at this time.

In further developments, GENICOM announced the appointment of
Shaun Donnellan to act as President and Chief Executive Officer
during the bankruptcy proceedings, replacing Paul Winn.  
Concurrently, the Company's Senior Vice President of Finance and
CFO, James Gale, was replaced.  The Company has also received
Abraham Ostrovsky's resignation, effective March 2nd, from his
position as Director.

GENICOM Corporation is a global provider of integrated network
solutions, multivendor services and printer solutions focusing on
the midrange, client/server market.  
  
GENICOM is headquartered within metropolitan Washington, DC.  For
more information on the company and its portfolio of enterprise
printer and service solutions, access the GENICOM web site at
http://www.genicom.comor the ESSC web site at  
http://www.essc.com.


GENICOM: Officials Say Firm Is For Sale
---------------------------------------
According to a report in The Washington Post on March 13, 2000,
Genicom Corp., filed for Chapter 11 bankruptcy protection on
Friday after its lenders declared the company in default.

According to the report, Genicom officials said in a statement
they would put the firm up for sale.

Genicom had been operating in violation of its credit agreement
with a group of banks led by Bank of America since the third
quarter last year.  Genicom was given a formal notice of default
on February 25.  According to the debtor, it is seeking approval
of a $6.9 million credit line.

Genicom reported $ 452 million in revenue in 1998.


ICO GLOBAL: Satellite Launch Results in Failure
-----------------------------------------------
A spokesperson for ICO Global Communications said that the first
of 12 telecommunications satellites built for the company has
been lost in the Boeing-led international Sea Launch, according
to Reuters. The launch yesterday was part of the multinational
Sea Launch project, and the rocket lifted off successfully on
time, but "it suffered an anomaly after launch," Boeing said. ICO
Global, established five years ago, is planning to build a
satellite-based mobile phone network; it filed chapter 11 in
August. The ICO Global spokesperson said that the satellite,
built by Hughes Space and Communications Co., was fully insured,
and that the company hopes the crash will have a minimal impact
on its business plan. He also said that ICO needed only 10 of the
12 satellites ordered to operate its network, but that it had two
spares for this sort of problem. (ABI 13-Mar-00)


INTEGRATED HEALTH: Taps Warburg Dillon as Financial Advisor
-----------------------------------------------------------
Integrated seeks the Court's authority, pursuant to 11 U.S.C.
Sec. 327(a), to retain Warburg Dillon Read LLC as its investment
banker and financial advisor in these chapter 11 cases.  
Specifically, Warburg will:

(a) assist the Company in assessing their financial condition,
financial strategy and business plan;

(b) assist the Company and its other professionals in developing
a business plan, financial forecasts, and an analysis of the
Debtors' debt capacity for purposes of the chapter 11
proceedings;

(c) assist the Company and its other professionals in evaluating
the impact on the Company of proposals regarding future
dispositions of assets of the Company and its affiliates;

(d) advise and assist the Company in connection with any
[Restructuring Transaction], including, without limitation, any
repayment, exchange, or conversion of any liabilities of the
Company outstanding on [January 28, 2000], or any modification,
amendment, deferral, restructuring, rescheduling, moratorium or
adjustment of the terms and/or conditions of any liabilities of
the Company . . . whether pursuant to a chapter 11 plan or
reorganization, order of the Bankruptcy Court or otherwise;

(e) assist the Company and its other professionals in
formulating and negotiating a chapter 11 plan of reorganization;

(f) advise the Company in connection with any [M&A Transaction]
involving, directly or indirectly, any business combination,
whether by acquisition, merger, consolidation, negotiated
purchase, tender or exchange offer, reorganization,          
recapitalization or otherwise, or any direct or indirect sale,
transfer or other disposition, whether in one or in a series of
transactions, or all or any portion of the capital stock or
assets of the Company or any subsidiary of the Company, whether
pursuant to a chapter 11 plan of reorganization, order of the
Bankruptcy Court or otherwise;

(g) advise the Company regarding any proposed [Financing
Transaction, including a] sale or placement of the Company's
equity or debt securities or obligations with one or more lenders
and/or investors, or any other loan or financing arrangement
undertaken during the course of the chapter 11 proceedings or in
connection with the implementation of any chapter 11 plan or
reorganization (including, without limitation, and "exit
financing", hybrid financing or rights ordering), but excluding
"debtor in possession financing";

(h) assist the Company and its other professionals in
communicating with any official committees in the chapter 11
proceedings regarding matters within the scope of WDR's
engagement;

(i) provide testimony, as necessary, in any proceedings before
the Bankruptcy Court regarding matters within the scope of WDR's
engagement.

The Debtors agree to pay Warburg:

     * a flat $200,000 monthly advisory fee for its services;

     * a Restructuring Fee equal to 0.35% of the aggregate
principal amount of the liabilities restructured in connection
with any Restructuring Transaction;

     * M&A Fees equal to a percentage of the Cumulative Aggregate
Consideration received by the Debtors on account of any M&A
Transactions:

Cumulative Aggregate Consideration     Applicable Percentage
----------------------------------     ---------------------
Less than $50,000,000                          0.0%
$50,000,000 to $200,000,000                    1.5%
In excess of $200,000,000                      1.0%

* Financing Fees equal to a percentage of the total amount
raised:
Type of Financing                  Fee Percentage
-----------------                  --------------
Senior Debt                               2.75%
Subordinated Debt                         3.50%
Convertible Securities                    4.50%
Public Equity                             5.5%
Private Equity                            7.0%

L. Thomas Sperry, Executive Director for Warburg, makes no secret
of the fact that Warburg does deals around the globe, and is an
affiliate of UBS AG.  That being the case, Warburg has many, many
relationships with the Debtors' creditors, lessors, bondholders,
bank lenders, and all of their respective professionals.  Mr.
Sperry assures Judge Walrath that all of these relationships are
in matters unrelated to Integrated's chapter 11 proceedings.  
Accordingly, Mr. Sperry is confident, Warburg is disinterested
within the meaning of 11 U.S.C. Sec. 101(14). (Integrated Health
Bankruptcy News Issue 3; Bankruptcy Creditor's Service Inc.)


INTEGRATED HEALTH: First Meeting of Creditors Set For March 24
--------------------------------------------------------------
The United States Trustee for Region III will convene the first
meeting of the Debtors' creditors, pursuant to 11 U.S.C. Sec.
341(a) on March 24, 2000, at 1:00 p.m.  The meeting will be held
in Room 2313 at 844 King Street in Wilmington.


IRIDIUM: Motorola Tells Customers That Iridium Service May End
--------------------------------------------------------------
Motorola Inc. has notified customers of service from Iridium LLC
that service will end on March 17, Friday, unless a buyer for
Iridium comes forward, according to Reuters. Schaumburg, Ill.-
based Motorola, sent a letter this past week to customers who
bought Iridium phones directly form Motorola. Iridium, which
filed for chapter 11 protection last August, will dismantle its
satellite telephone system if a buyer is not found this week.
Iridium had secured a $3 million loan from lenders to keep it in
business until Friday. (ABI 13-Mar-00)


JOAN & DAVID:
-----------------------------------------------------------------
The New York Post reported on March 11, 2000, that the recent
bankruptcy filing by Joan & David, Inc., famous for pricey shoes
and accessories, expanded too quickly, amassing $33 million in
debt.
  
Joan & David Inc. filed for bankruptcy protection after
negotiations to sell to a Boston-based liquidator, reported by
The Post in December, fell through.  Complicating the issue, the
report claims that there was a family feud, with David Sr.,
Joan's husband and co-founder of the business, wanting to sell
the business for some time, but Joan refused.

David Jr., their son and an executive in the business, reportedly
sided with his father. The company's rapidly deteriorating
finances finally changed Joan's mind.

Bankruptcy documents show that Joan & David Inc. has lost money
for the last five fiscal years.  The company took out a $15
million loan last summer from BankBoston Retail Finance.

Some of the 67 stores in the U.S. will be closed, according to
the bankruptcy filing.

The report states that Bob Pressman, of Barney's fame runs a
retail consulting firm, and is advising the Helperns on the
restructuring.


KAISER GROUP: Common Stock Suspended
------------------------------------
Kaiser Group International, Inc.'s common stock has been
suspended from trading on the New York Stock Exchange.  As a
consequence the company will make the appropriate filings with
the Securities & Exchange Commission. The company's common stock
will trade on the National Association of Securities Dealers' OTC
Bulletin Board Service.  The action results from the fact that
the closing price of the company's common stock on a 30 trading-
day average has been less than $1.00 per share for the past six
months.  Additionally, the company decided not to implement the
reverse split of its common stock previously approved by the
company's shareholders at the November 4, 1999 annual meeting.


MCMS, INC.: Moody's Downgrades Notes
------------------------------------
Moody's Investors Service lowered to Caa3 from B3 the rating on
MCMS Inc.'s $145 million 9-3/4% senior subordinated notes, and
assigned a Caa3 rating to the $30 million floating interest rate
subordinated term securities, both due 2008. At the same time,
Moody's lowered to "c" from "caa" its rating on the $30 million
12-1/2% PIK senior exchangeable preferred stock, due 2010, and
assigned a B3 rating to the company's $60 million senior secured
revolving credit facility, due 2004. The company's senior implied
rating has been lowered to Caa1 from B1, while its senior
unsecured issuer rating has been lowered to Caa2 from B2. The
ratings outlook is negative.

Moody's ratings downgrade is based on MCMS' stringent liquidity
position, resulting from continuing losses since its leveraged
recapitalization and establishment as an independent company two
years ago.

Under the company's revolving credit facility, only about $11
million of borrowing capacity was available for use in a business
with increasing working capital requirements as of the FY2000Q1
end.

MCMS has no significant debt repayments scheduled before 2008.
However, annual interest expense is substantial.

Total debt, including preferred stock and the capitalization of
operating leases, was a weighty 12.2 times EBITDA plus rents, for
the LTM ended December 2, 1999. EBITDA plus rents failed to cover
fixed charges (interest and rents) for the same LTM period.

MCMS, Inc., headquartered in Nampa, Idaho, provides electronic
manufacturing services to OEMs in the networking,
telecommunications, computer services, and other rapidly growing
sectors of the electronics industry, and maintains facilities in
Durham, North Carolina; Colfontaine, Belgium; Penang, Malaysia;
Monterrey, Mexico and Singapore.


MGC COMMUNICATIONS: Moody's Upgrades Senior Notes From Caa1 To B3
-----------------------------------------------------------------
Moody's Investors Service has upgraded the rating on MGC
Communications, Inc.'s $160 million senior secured notes due
2004, from Caa1 to B3. The senior implied and issuer ratings were
also raised from Caa1 to B3. Moody's has also assigned a rating
of "caa" to the recently issued $207 million 7.25% series "D"
convertible redeemable preferred stock. The outlook has been
changed from positive to stable. MGC is in the process of
changing its name to Mpower Communications.

Over the past year the company has attracted financial partners,
strengthened the management team and reformed its business
strategy. These changes have contributed to Mpower's success in
raising additional debt and equity. From a ratings prospective,
in December 1999 Moody's upgraded the bonds from Caa2 to Caa1,
reflecting the management team improvements, a stronger strategic
focus and the improved capital structure. At that time we also
stated that we would consider a further upgrade upon the planned
issuance of additional junior capital.

In fact Mpower raised approximately $333 million in new common
stock and $207 million in preferred in February 2000.

The ratings recognize the risks involved with the substantial
geographic expansion of the business and management of the
related growth.

MGC Communications, Inc. (Mpower Communications) is headquartered
in Rochester, New York.


PATHMARK: S&P Drops Rating For Credit, Debt and Bank Loans
----------------------------------------------------------
The Home News Tribune  reported on March 11, 2000, that the
outlook for Pathmark Stores Inc., the cash-strapped supermarket
chain, became bleaker when Standard & Poor's lowered its ranking
for corporate credit, debt and bank loans on the Carteret-based
grocer.

Pathmark ratings dropped from single B to triple C-plus for its
corporate-credit rating; its subordinate-debt rating went from
triple C-plus to triple C-minus and its bank-loan rating from
single B-plus to single B'-minus, according to a press release
issued by Standard and Poor's.

Harvey Gutman, senior vice president for Pathmark said Pathmark's
debt problems go back to when the stores were under the
Supermarkets General Holdings Corp. umbrella. In 1987, there was
hostile takeover attempt on Supermarkets General made by the Dart
Group out of Maryland. To avoid the takeover, Pathmark went
private and took on $ 2 billion in debt, he said.

According to the article, the latest rating action by S&P
reflects its view that Pathmark will have a hard time satisfying
upcoming debt maturities in the near future. Pathmark has a $ 50
million sinking fund payment obligation due June 15, relating to
the company's $ 200 million subordinated notes due in 2002,
according to an S&P press release.

If Pathmark satisfies this obligation, S&P believes the company
would further reduce its already weak liquidity position and
would have difficulty refinancing $ 370 million of debt
maturities in 2001. Pathmark, whose major lender is Chase
National Bank, has about $ 70 million available under its $ 200
million revolving credit facility.

Pathmark operates 62 stores in New Jersey. Pathmark had losses of
$ 28.5 million in 1998 on revenues of $ 3.65 billion.


PREMIER LASER: Announces Chapter 11 Reorganization
--------------------------------------------------
Premier Laser Systems Inc. (Nasdaq: PLSIA) announced today that
it has filed a voluntary petition for protection and
reorganization under Chapter 11 of the Bankruptcy Code in the
United States Bankruptcy Court in Santa Ana, California. The
filing was necessitated by the Company's lack of liquidity, the
overhang of prior obligations and the need to seek protection
from certain creditors' activities.

Under the Chapter 11 proceeding, the Company will seek to
maximize the value of the Company and its assets for the benefit
of all of its stakeholders including its creditors, customers,
shareholders and employees.

Premier Laser Systems develops, manufactures and markets
diagnostic and therapeutic products for the eyecare, dentistry
and surgical markets including lasers, fiber optic delivery
systems and associated products for a variety of applications.


PRIMARY HEALTH SYSTEMS: Negotiates Agreement with Cleveland
-----------------------------------------------------------
Primary Health Systems, Inc. (PHS) announced that, together with
the Cleveland Clinic Foundation, it has negotiated a proposed
agreement with the City of Cleveland that would keep St. Michael
Hospital open. Mayor Michael R. White presented the negotiated
agreement to the community for discussion in a public meeting
today.

PHS stated, "We are pleased to have negotiated a proposed
agreement that, if approved, would enable St. Michael Hospital to
continue its mission of serving the health care needs of the
community. As an institution with a concern for the well-being of
our patients, we certainly wish it were not necessary to close
any facilities, and we are grateful that the concern and
involvement of Mayor White has enabled us to reach a constructive
solution. In addition, this solution would permit PHS to proceed
with our prior agreement with the Cleveland Clinic Foundation -
which would keep the Mt. Sinai Integrated Medical Campus as an
operational facility under new, financially sound ownership and
allow our remaining unit, Deaconess Hospital, to continue to
serve the public."

PHS noted that a temporary restraining order issued earlier this
week by the Court of Common Pleas for Cuyahoga County, Ohio,
enjoining PHS from closing two hospitals, remains in effect.
Pursuant to the proposed settlement, however, PHS has requested
that the City agree to request dissolution of the TRO to allow
PHS to proceed with its prior agreement with the Cleveland Clinic
Foundation. The Company also noted that agreement has not yet
been reached with the Cuyahoga County Board of Commissioners, the
other party to the litigation.

"By addressing the County's concerns through this negotiation,
which was led by the City, we are hopeful that the County will
support the proposed agreement, and that the remaining litigation
will be settled," PHS stated.

Prior to reaching the proposed agreement with the Mayor's office,
PHS filed a complaint in the U.S. Bankruptcy Court for the
District of Delaware seeking to enjoin a group of physicians and
public officials from preventing the closing of St. Michael
Hospital and Mt. Sinai Medical Center-East in Richmond Heights.
The complaint asks that the Bankruptcy Court assert its
jurisdiction in this matter to prevent further erosion of PHS'
financial position. Notwithstanding this complaint, PHS continues
to work toward a possible settlement of the matter.

PHS also said that the agreement with the Cleveland Clinic
Foundation was not challenged on anti-competitive grounds by
either the U.S. Department of Justice or by the Federal Trade
Commission in their review of the proposed transaction,
giving further support to the Company's position that there is no
legal basis for the challenges to the sale brought in state and
federal court in Cleveland.


READ-RITE: Announces Conversion Price for Exchange Offer
--------------------------------------------------------
In connection with its offer to exchange up to $345,000,000 of
its 6 1/2% Convertible Subordinated Notes due September 1, 2004
(or such lesser number as properly tendered) into its 10%
Convertible Subordinated Notes due September 1, 2004, upon the
terms and subject to the conditions set forth in Read-Rite
Corporation's Registration Statement Read-Rite Corporation
subsequently announced that conversion price for the exchange
offer was set at $4.42, which is a 15% premium over the volume
weighted average price of the company's common stock for the
period February 28, 2000 through March 3, 2000. The offer was
scheduled to expire at 5:00 p.m. Eastern Standard Time on March
8, 2000.

Read-Rite Corporation is one of the world's leading independent
manufacturers of magnetic recording heads, head gimbal assemblies
(HGAs) and head stack assemblies (HSAs) for disk drives and tape
drives.  The company is headquartered in Milpitas, California and
has operations in Japan, Thailand, the Philippines and Singapore.


REGAL CINEMAS: Moody's Lowers Sr/Sub Debt Ratings
-------------------------------------------------
Moody's Investors Service lowered the debt ratings of Regal
Cinemas, Inc. (Regal), taking the former Caa1 and B1 ratings for
$800 million of senior subordinated notes and $1.0125 billion of
senior secured (stock only) bank credit facilities to Caa2 and
B2, respectively. Moody's also lowered the company's senior
implied and senior unsecured issuer ratings to B2 and Caa1, from
B1 and B3, respectively. The outlook for all ratings remains
negative.

The downgrades specifically reflect the continued weak operating
performance of the company, which has been lower than both
Moody's and management's expectations since the initial review
began, and the diminished liquidity cushion that now exists as a
direct result thereof. Moody's also noted concerns over the
company's ability to adequately service its large debt burden
over the near term given its expectation for the continued
absence of compelling and long-lived film product at the box
office, which will be exacerbated by heightened competitive
pressures industry-wide, and the corresponding implications for
reduced recovery prospects today for the company's creditors in
the event of a further distressed scenario.

Additionally and more broadly, the revised ratings continue to
reflect the company's highly leveraged balance sheet,
particularly in consideration of its sizeable and growing
operating lease commitments; thinning coverage of interest and
rents by pre-rent cash flow, which will be further weakened as
new theaters are constructed/opened and expected off-balance
sheet lease financings are arranged; and a still aggressive new
theater buildout program, notwithstanding some recent curtailing
of the same, and the added financial strain that will result
therefrom.

The negative outlook further incorporates Moody's expectation
that the company's operating environment is likely to worsen
before it gets better, adding to the current financial strain.
While the company's newer theaters that have recently come on
line appear to be performing well and will likely improve over
the coming periods, the less modern Act III circuit in particular
continues to suffer market share erosion to newer competing
theaters in the western part of the country. It is also
anticipated that more of the core Regal circuit will face stiffer
competition in the coming months as the lofty pace of screen
growth throughout the industry approaches its peak, and hence the
comparatively stronger performance of Regal's own newer theaters
will continue to be masked and likely more than offset by this
phenomenon.

Notwithstanding these concerns, Moody's continues to note that
Regal remains one of the leading theater circuit operators with
an above average quality asset base. Moody's also believes that
management will ultimately be able to renew its focus on driving
margin improvement through cost containment initiatives now that
it has begun to scale back its capital expansion program,
although further downward pressure on the company's debt ratings
can be expected in the absence of renewed cash flow growth and
debt reduction.

Regal Cinemas is one of the largest domestic motion picture
exhibitors with 4,395 screens in 426 theaters located in 32
states. The company maintains its headquarters in Knoxville,
Tennessee.


REV HOLDINGS, INC.: Moody's Lowers Debt Ratings
-----------------------------------------------
Moody's Investors Service lowered the following debt rating of
REV Holdings, Inc. ("HoldCo") and Revlon Consumer Products
Corporation ("RCPC"):

$770 million (face amount) senior subordinated discount notes,
due 2001, to Ca from Caa3

Revlon Consumer Products Corp.:

$250 million of 9.0% senior notes, due 2006, to Caa1 from B3

$250 million of 8.125% senior notes, due 2006, to Caa1 from B3

$650 million 8.625% sr sub notes, due 2008, to Caa3 from Caa2

$723 million secured credit facility to B3 from B2

Concurrently, Moody's lowered the company's senior implied rating
to B3 from B2 and its senior unsecured issuer rating to Caa2 from
Caa1. This concludes Moody's review of the company that began on
October 6, 1999.

The downgrades reflect Revlon's weaker-than-expected operating
results for fiscal 1999 and Moody's expectation that its cash
flow will remain weak in the near term, especially relative to
its enormous $2.5 billion consolidated debt burden at HoldCo. The
company may be challenged in its efforts to generate EBITDA of
$200 million in fiscal 2000, which is the minimum requirement
under its bank credit agreement. Even if the company is able to
generate $200 million of EBITDA, and sell some non-core assets,
its leverage, as measured by EBITDA minus capex-to-total debt,
will still be very high and its EBITDA minus capex interest
coverage extremely thin. Risks associated with RCPC's high
leverage are heightened by the competitiveness of the industry in
which it competes, as well as HoldCo.'s $770 million (face
amount) of senior discount notes which are due in March 2000.
There is substantial refinancing risk associated with the HoldCo.
notes.

Revlon's near term liquidity should be enhanced through the sale
of its worldwide Professional Products business for $315 million,
as well as the possible sale of its non-core Latin American
brands. Nevertheless, liquidity concerns could heighten if the
company fails to materially improve its cash flow from operations
or it fails to meet the revised financial convenants contained in
its bank credit agreement.

The significant costs associated with Revlon's heavy debt burden
may continue to limit the company's financial flexibility. These
costs could also make it more difficult for the company to
compete against stronger and less leveraged competitors. Moody's
is concerned over the company's market share losses, despite some
stabilization in January 2000.

During the second half of 1999, Revlon generated substantial
operating losses while it reduced nearly $280 million of excess
warehouse inventory in the drug store channel. The company's
sales and earnings were also hurt by year-over-year and period-
to-period declines in its market share, delays in launching new
products, and various management changes. Lower sales volume,
combined with heavy advertising aimed at supporting its own
brands and strong competitive pressures, resulted a substantial
operating loss of $213 million in 1999 (a $150 million loss
before restructuring and executive separation costs). Interest
expense totaled approximately $140 million at RCPC and more than
$200 million on a consolidated basis at HoldCo. Although
management has indicated that inventory levels came down
significantly during the third and fourth quarters of the year,
the drug store de-stocking issue may linger through the first
quarter of fiscal 2000 and negatively impact the company's annual
sales.

Although Moody's recognizes the positive steps that management
has taken in order to improve the company's operating
performance, including recent restructuring initiatives which
could produce annual savings of $30-40 million, the tangible
impacts of these initiatives on the company's earnings and cash
flow remain to be seen. Moody's believes Revlon's operating
performance may be fairly volatile in the intermediate term.

Revlon has sold its professional products business for
approximately $315 million. Net proceeds should approach $270
million, of which 60% will be used to permanently reduce debt.
Although Revlon has not sold its Latin American brands,
management believes it will do so in the near term. Combined,
these non-core asset sales could provide Revlon with
approximately $100 million of additional availability under its
bank credit facility. Currently, unused availability under this
facility is approximately $55 million.

Headquartered in New York, New York, Revlon Consumer Products
Corporation is a leading mass market cosmetics, skin care,
personal care and professional products company.


ROBERDS: Court Approves DIP Financing
-------------------------------------
Roberds Inc., Dayton, Ohio, announced Friday that it has received
final approval from a bankruptcy court for its debtor-in-
possession financing of $25 million. President Robert Wilson
said, "We now have permanent financing in place that permits us
to begin to restore the normal flow of goods into the business."
In January, the company said it would close all of its home
furnishings stores in Tampa, Fla., and seek chapter 11 because of
stiff competition. (ABI 13-Mar-00)


SAFETY COMPONENTS: Cramer Rosenthal McGlynn Report Holdings
-----------------------------------------------------------
Cramer Rosenthal McGlynn, LLC, are the beneficial owners of
671,100 shares of the common stock of Safety Components
International Inc.  This represents 13.067% of the outstanding
common stock of the company.  The investment adviser firm
exercises shared voting and dispositive powers over
the stock.


SAFETY-KLEEN SERVICES: Moody's Downgrades Notes; Negative Outlook
-----------------------------------------------------------------
Moody's Investors Service downgraded the ratings of both Safety-
Kleen Corp., and its wholly-owned subsidiary, Safety-Kleen
Services, Inc. The affected ratings include:-

Safety-Kleen Services, Inc.:

$1.875 billion, guaranteed secured credit facility maturing 2006,
to Caa1 from Ba3;

$325 million issue of 9.25% guaranteed, senior subordinated notes
due 2008, to Ca from B2.

Safety-Kleen Corp.:

$225 million issue of 9.25% senior notes due 2009, to Ca from B3

The Senior Implied Rating of Safety-Kleen Corp. is now Caa1 and
the Issuer Rating is Ca.

The outlook on the ratings is negative.

The downgrade was prompted by the company's March 6th
announcement of an internal investigation of prior reported
financial results and certain of its accounting policies and
practices, following the receipt by the company's Board of
Directors of information alleging possible accounting
irregularities that may have affected the previously reported
financial results of the company since fiscal year 1998. Pending
the outcome of the investigation, the Board placed the company's
Chief Executive Officer, its Executive Vice President and Chief
Operating Officer, and its Chief Financial Officer on
administrative leave.

The downgrade also reflects Moody's concern about the continuing
availability of funds under the bank agreement to provide needed
liquidity.

Safety-Kleen Corp. is a holding company based in Columbia, SC.
Through its wholly-owned operating company, Safety-Kleen
Services, Inc., the company is the leading North American
provider of hazardous and industrial waste services. Laidlaw Inc.
holds a 44% stake in the company.


TRANS ENERGY: Cool Reports Holdings
-----------------------------------
James F. Cool reports that he is the beneficial owner of 828,104
shares of the common stock of Trans Energy Inc.  Mr. Cool has
sole power to vote or dispose of the stock.  The holding
represents 8% of the outstanding common stock of Trans Energy.


TRANS ENERGY: South County Investors Reports Holdings
-----------------------------------------------------
South County Investors (partnership), with prinicpal business
office in St. Louis, Mo., is the beneficial owner of 802,127
shares of the common stock of Trans Energy Inc.  South County
holds sole powers over the stock which represents 7.8% of the
outstanding common stock of the company.


VENTAS INC: Cramer Rosenthal McGlynn Reports Holdings
-----------------------------------------------------
Cramer Rosenthal McGlynn, LLC, are the beneficial owners of
6,403,200 shares of the common stock of Ventas Inc., representing
9.422% of the outstanding common stock of Ventas.  The firm,
investment advisers, share the power to vote, or to direct the
vote of; to dispose, or direct the disposition of, the stock.


WESTMORELAND COAL: Virginia Power Case Remanded To Trial Court
--------------------------------------------------------------
Westmoreland Coal Company reports that, in an appeal by Virginia
Power of an earlier trial court decision in favor of Westmoreland
regarding payments withheld by Virginia Power, the Virginia
Supreme Court has reversed that ruling insofar as the trial court
limited its inquiry to the intent of the parties at the time the
original contact was entered into in 1989, and remanded the case
to trial court for further proceedings. The remand indicates that
the trial court should have taken evidence on the parties'
intent regarding Virginia Power's obligations under 1990 and 1991
amendments and restatements of the original Power Purchase
Agreement as well, even though the language of the disputed
provisions never changed. Any request for a rehearing must be
filed within ten days.

The remand to the trial court will have no adverse effect on the
company's financial results.  The company has not recognized any
revenue in its financial statements for its share of the withheld
payments or projected such payments in the future.

Virginia Power has withheld capacity payments for all Roanoke
Valley Independent Power Facility Unit I forced outage days since
commencement of commercial operation in 1994.  Roanoke Valley
Independent Power was developed and is owned by the Westmoreland-
LG&E Partnership, a 50/50 partnership between Westmoreland's
wholly owned subsidiary, Westmoreland Energy, Inc., and LG&E
Power Inc., a subsidiary of LG&E Energy Corp. Generally, a forced
outage day is a day when a generation facility is unable to
generate a specified level of electrical output due to unexpected
operational constraints.  All generating facilities experience
such forced outages, so planned availability in the industry is
less than 100%. WLP disputed Virginia Power's interpretation of
the power purchase contract and had sought payment of withheld
capacity payments plus interest.  WLP obtained a ruling in its
favor from the Circuit Court of the City of Richmond, Virginia on
December 2, 1998.

W. Michael Lepchitz, President of Westmoreland  Energy, Inc.,  
commented:  "The question before the trial court now will be
whether the intent of the parties changed between 1989 and 1991,
even though the language of the disputed provisions did not. The
remand back to trial court is frustrating, but in no way
diminishes the correctness of our position or our resolve to see
this matter through."

Christopher K. Seglem, Westmoreland's Chairman, President and
CEO, stated: "Since its inception, the Roanoke Valley project has
been an exceptional project for us and we are very proud of its
performance.  Throughout the period of the dispute, the project
has acted prudently and stepped up efforts to further reduce
forced outage days and the potential adverse financial impacts of
Virginia Power's interpretation of the contract.

This delay in the final resolution of the dispute with Virginia
Power is disappointing, but due to the success of the project's
efforts, should have minimal impact on the project going forward
and will have no material adverse impact on the project's
continued financial performance.  We believe the decision's
principal financial impact will be to require the company to
expend additional monies to obtain what is owed to it and to
delay the availability of the sums due which could be used for
development and other purposes.  However, in February the company
obtained a distribution of over $6 million from its overfunded
Black Lung Trust, so that additional infusion of cash is now
available to support our efforts.  We will be addressing
Westmoreland's growth plans and those efforts shortly in
connection with our annual report to shareholders."

The Roanoke Valley facility, fueled by pulverized coal, has had
an exceptional operating history.  Named a "Project of the Year"  
by Power Engineering and Power Engineering International
Magazines in 1997, it was honored as a "clean" project due its
innovative use of environmental controls and was also recognized
by the magazines for the significant positive economic and social
impact it has had on the local community. The facility is located
in Weldon, North Carolina.

Westmoreland Coal Company is a diversified energy company
headquartered in Colorado Springs, Colorado.  It is currently
engaged in western Powder River Basin coal mining through its
80%-owned subsidiary Westmoreland Resources, Inc. and independent
power production through its wholly owned subsidiary Westmoreland
Energy, Inc.  The company also holds a 20% interest in Dominion
Terminal Associates, a coal shipping and terminal facility in
Newport News, Virginia.


WINSTAR COMMUNICATIONS: S&P UPS SNR UNSEC DEBT
----------------------------------------------
The rating on Winstar's senior unsecured debt is one notch lower
than the company's corporate credit rating, reflecting the
substantial vendor and secured bank financing expected to be
incurred over the next few years.

The senior unsecured debt rating assumes, however, that the
concentration of total priority obligations relative to
consolidated asset value will not reach Standard & Poor's 30%
threshold.

The $2 billion proceeds from the new note issues will be used for
a capital restructure through the redemption and/or exchange of
$1.3 billion in  existing debt, repayment of $836 million in
outstanding borrowings under the company's Lucent vendor
financing agreement, and exchange of $231 million in Series C
preferred stock.

The remaining proceeds, net of fees, expenses, and redemption
premiums, will be used to fund operating and capital requirements
associated with the company's continued market buildout plan.

The ratings upgrade reflects Winstar's success in expanding its
business  base over the past year, and expectations that its
customer base will experience significant additional expansion in
the next few years as the company extends its switched voice
services to 60 markets from the current 45 markets.

Execution risk during this time frame is mitigated by the
substantial cash balances the company has amassed, including the
recent private $900 million preferred stock investment by
Microsoft, Credit Suisse First Boston, and Welsh, Carson,
Anderson and Stowe.

Winstar is a competitive exchange carrier that provides local
telecommunications connectivity to small and midsize businesses,
as well as large corporate users and application service
providers utilizing  high-frequency radio equipment.

The company targets data-intensive  multi-tenant buildings
currently unserved by fiber facilities from the incumbent
localexchange carrier or from fiber-based competitive local
exchange carriers (CLECs).

Small and midsize business customers in targeted buildings have
increasingly signed up under long-term contracts for bundled
service offerings, including high-speed Internet access and long-
distance services, in exchange for service incentives.

Although Winstar currently  serves only about 34% of its 618,000
access lines through on-network facilities, this number is
expected to expand significantly in the next one to two years as
the company adds long-haul and local fiber purchased from  
Williams Communications Group Inc. and Metromedia Fiber Network
Inc. through year-end 2001.

Addition of this capacity will allow the company to expand its
capabilities in serving customers, with resultant improvement in
its gross  profit margins, which are expected to increase to
nearly 60% by 2002 from the 35% level of year-end 1999. Moreover,
in executing its aggressive buildout  plans, Winstar benefits
from substantial cash balances and access to additional bank and
vendor facilities, which are expected to provide adequate funding
through 2001.

Yet, given the substantial up-front marketing and administrative
costs involved in entering new markets, the company is not
expected to generate positive levels of consolidated earnings
before interest, taxes, depreciation, and amortization until
2002.

    OUTLOOK: POSITIVE

Although Winstar's financial profile will continue to be weak in
the next one to two years, increased penetration in existing
markets and the rollout of new data applications, coupled with
higher on-net traffic through successful integration of Winstar's
local and long-haul fiber facilities, will enable the  company to
achieve an improved longer-term credit profile, Standard & Poor's
said.

RATINGS RAISED AND REMOVED FROM CREDITWATCH POSITIVE

Winstar Communications Inc.                   TO       FROM

  Corporate credit                              B        B-

  Senior unsecured debt                         B-       CCC+

  Senior subordinated debt                      CCC+     CCC

  Preferred stock:

   Series C convertible                         CCC      CCC-

   Series D senior cumulative convertible       CCC      CCC-

   Series F senior cumulative convertible       CCC      CCC-

Winstar Equipment Corp.

  Senior secured debt

   (Guaranteed by Winstar Communications Inc.)  B-       CCC+

RATINGS ASSIGNED

Winstar Communications Inc.

  $1 billion senior notes due 2010                B-

  $750 million senior discount notes due 2010     B-

  Euro 250 million senior notes due 2010          B-


Meetings, Conferences and Seminars
----------------------------------
March 23-25, 2000
   SOUTHEASTERN BANKRUPTCY LAW INSTITUTE, INC.
      26th Annual Southeastern Bankruptcy Law Institute
         Marriott Marquis Hotel, Atlanta, Georgia
            Contact: 1-770-451-4448

March 23-25, 2000
   ALI-ABA
      Partnerships, LLCs, and LLPs -- Uniform Acts,
      Taxation, Drafting, Securities and Bankruptcy
         Doubletree Paradise Valley Hotel,
         Scottsdale, Arizona
            Contact: 1-800-CLE-NEWS

March 30-April 2, 2000
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Norton Bankruptcy Litigation Institute II
         Flamingo Hilton Hotel, Las Vegas, Nevada
            Contact: 1-770-535-7722

April 3-4, 2000
   PRACTISING LAW INSTITUTE
      22nd Annual Current Developments in
      Bankruptcy and Reorganization Conference
         PLI Conference Center, New York, New York
            Contact: 1-800-260-4PLI

April 5-8, 2000
   TURNAROUND MANAGEMENT ASSOCIATION
      Spring Meeting
         The Pointe Hilton Squaw Peak Resort
         Phoenix, Arizona
            Contact: 1-312-822-9700 or info@turnaround.org
         
April 6-7, 2000
   ALI-ABA
      Commercial Securitization for Real Estate Lawyers
         Walt Disney World, Orlando, Florida
            Contact: 1-800-CLE-NEWS

April 10-11, 2000
   PRACTISING LAW INSTITUTE
      22nd Annual Current Developments in
      Bankruptcy and Reoorganization Conference
         Grand Hyatt Hotel, San Francisco, California
            Contact: 1-800-260-4PLI

April 27-30, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      Annual Spring Meeting
         J.W. Marriott, Washington, D.C.
            Contact: 1-703-739-0800

May 4-5, 2000
   RENAISSANCE AMERICAN MANAGEMENT & BEARD GROUP, INC.
      Bankruptcy Sales & Acquisitions
         The Renaissance Stanford Court Hotel
         San Francisco, California
            Contact: 1-903-592-5169 or ram@ballistic.com   

May 15, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      2nd Annual New York City Bankruptcy Conference
         Association of the Bar of the City of New York,
         New York, New York
            Contact: 1-703-739-0800

May 26-29, 2000
   COMMERCIAL LAW LEAGUE OF AMERICA
      52nd Annual Meeting of the New England Region
         Colony Hotel, Kinnebunkport, Maine
            Contact: 1-617-742-1500 or richard@landayleblang.com

June 8-11, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      7th Annual Central States Bankruptcy Workshop
         Grand Traverse Resort, Traverse City, Michigan
            Contact: 1-703-739-0800
   
June 14-17, 2000
   ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
      16th Annual Bankruptcy and Restructuring Conference
         Swissotel, Chicago, Illinois
            Contact: 1-541-858-1665 or aira@ccountry.net

June 29-July 2, 2000
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Western Mountains Bankruptcy Law Institute
         Jackson Lake Lodge, Jackson Hole, Wyoming
            Contact: 1-770-535-7722

July 13-16, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      7th Annual Northeast Bankruptcy Conference
         Doubletree Hotel, Newport, Rhode Island
            Contact: 1-703-739-0800
            
July 21-24, 2000
   National Association of Chapter 13 Trustees
      Annual Seminar
         Adams Mark Hotel, St. Louis, Missouri
            Contact: 1-800-445-8629 or info@nactt.com

August 3-5, 2000
   ALI-ABA
      Fundamentals of Bankruptcy Law
         Somewhere in Boston, Massachusetts
            Contact: 1-800-CLE-NEWS

August 9-12, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      5th Annual Southeast Bankruptcy Workshop
         Hyatt Regency, Hilton Head Island, South Carolina
            Contact: 1-703-739-0800

August 14-15, 2000
   TURNAROUND MANAGEMENT ASSOCIATION
      Advanced Education Workshop
         Loews Vanderbilt Plaza, Nashville, Tennessee
            Contact: 1-312-822-9700 or info@turnaround.org
         
September 12-17, 2000
   NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES
      Convention
         Doubletree Resort, Montery, California
            Contact: 1-803-252-5646 or info@nabt.com

September 15-16, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      Views From the Bench 2000
         Georgetown University Law Center, Washington, D.C.
            Contact: 1-703-739-0800

September 21-22, 2000
   RENAISSANCE AMERICAN MANAGEMENT & BEARD GROUP, INC.
      3rd Annual Conference on Corporate Reorganizations
         The Regal Knickerbocker Hotel, Chicago, Illinois
            Contact: 1-903-592-5169 or ram@ballistic.com   

September 21-23, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      Litigation Skills Symposium
         Emory University School of Law, Atlanta, Georgia
            Contact: 1-703-739-0800

September 21-24, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      8th Annual Southwest Bankruptcy Conference
         The Four Seasons, Las Vegas, Nevada
            Contact: 1-703-739-0800

November 2-6, 2000
   TURNAROUND MANAGEMENT ASSOCIATION
      Annual Conference
         Hyatt Regency, Baltimore, Maryland
            Contact: 312-822-9700 or info@turnaround.org

November 27-28, 2000
   RENAISSANCE AMERICAN MANAGEMENT & BEARD GROUP, INC.
      Third Annual Conference on Distressed Investing
         The Plaza Hotel, New York, New York
            Contact: 1-903-592-5169 or ram@ballistic.com   
   
November 30-December 2, 2000
   AMERICAN BANKRUPTCY INSTITUTE
      Winter Leadership Conference
         Camelback Inn, Scottsdale, Arizona
            Contact: 1-703-739-0800

The Meetings, Conferences and Seminars column appears
in the TCR each Tuesday.  Submissions via e-mail to
conferences@bankrupt.com are encouraged.  


                  *********

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.

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 subscription rate is $575 for six months 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 * * *