TCR_Public/000411.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, April 11, 2000, Vol. 4, No. 71

                     Headlines

AURORA FOODS: Announces Restatements of Earnings
AURORA FOODS: Announces Appointments of President, CEO, CFO
AUTOINFO INC: Announces New Disclosure Statement Hearing Date
AVATEX: Proposals For Annual Meeting Must Be Received By May 31
CAPITAL GAMING: Boyd Gaming Blocking Management Pitch

CARSON INC: Extends Expiration Date For Cash Tender Offer
COHO ENERGY: Emerges With New Owners, Lender, Management
FORCENERGY: Closing Miami Hdqtrs & Relocating to New Orleans
FOREX: Case Converted To Chapter 7
GENESIS HEALTH VENTURES: Begins Discussions With Lenders

GILLS INVESTMENT: Case Summary and Largest Unsecured Creditor
IRIDIUM, LLC: Judge Permits Unsecured Creditors To Sue Motorola
LACLEDE STEEL: Extensive Damage To Structure of Building
LATTICE SEMICONDUCTOR: Annual Meeting Set For May 2, 2000
LOCKHART CONSTRUCTION: Files for Chapter 11

MADISON RESOURCES: Case Summary and 15 Top Creditors
MATTHEWS STUDIO GROUP: Files Voluntary Petition Under Chapter 11
MEDICAL RESOURCES: Announces Filing of Reorganization Plan
NATIONAL ENERGY: Results For Fourth Quarter Ended December 31
NORTH AMERICAN ENERGY: Seeks To Sell Substantially All Assets

NORTH FACE: VF to Acquire North Face Sports Company
OMEGA HEALTHCARE: S&P Lowers Ratings
PAGENET: Metrocall Trying Again
PHILIP SERVICES: Completes Financial Reorganization
SAFETY COMPONENTS: Reaches Terms With Creditor Constituencies

SPECIALTY RETAILERS INC.: Moody's Downgrades Notes
TBS SHIPPING: Reaches Agreement With Certain Holders
WASTE MANAGEMENT: Clarifies Status Of Australian Subsidiary Sale
WASTE MANAGEMENT: Subsidiary Completes Offering of Interest

Meetings, Conferences and Seminars


                     *********

AURORA FOODS: Announces Restatements of Earnings
------------------------------------------------
Aurora Foods Inc. announces restatements of earnings that
decrease previously reported pre-tax earnings for the first three
quarters of 1999 by an aggregate of $43.3 million and
restatements that decrease pre-tax earnings for the third and
fourth quarters of 1998 by an aggregate of $38.3 million. The
restatements are primarily related to trade promotion
expenses, including price concessions and promotion-support
allowances.  As a result of completing the restatement process,
the company said that it will file with the Securities and
Exchange Commission an amended financial statement for the third
quarter of 1998 and amended annual financial for 1998, as well as
for each of the first, second and third quarters of 1999.

"The restatement closes a disappointing chapter for the company,"
said Mr. Dresdale. "We have expended considerable effort and
resources to ensure that the company's financial reporting
process and business practices adhere to the highest standards
going forward.  The company has reviewed its systems and
accounting policies related to trade promotions and believes that
its restated results reflect accurately its trade promotion
obligations."

Aurora also reported it has received an amendment to its Credit
Agreement with its senior lenders that waives prior defaults and
modifies financial and other covenants for the year ending
December 31, 2000.  In addition, the lenders under the Credit
Agreement have agreed, through June 30, 2000, not to exercise any
remedies available to them as a result of any default under the
indenture governing the company's 9 7/8% Senior Subordinated
Notes due 2007 and 8 3/4% Senior Subordinated Notes due 2008.  
The company intends to promptly initiate discussions with the
holders of the Subordinated Notes to obtain consents for
amendments to the related indentures and a waiver to ensure that
it is in compliance with the covenants thereunder.  Aurora has
retained Wasserstein Perella & Co. as financial advisor to assist
it in negotiations with the holders of the Subordinated Notes.

For the fourth quarter ended December 31, 1999, the company
reported net sales of $295.2 million, versus $276.6 million on a
restated basis in the comparable 1998 period. The net loss for
the quarter was $5.0 million, compared with net income of $4.6
million on a restated basis for the prior year.

For the year ended December 31, 1999, the company reported net
sales of $995.4 million, compared with $784.6 million on a
restated basis for 1998. The results for 1999 include net sales
of Lender's(R), acquired on November 1, 1999, and of Chef's
Choice(R), acquired on April 1, 1999. The net loss for the year
was $4.4 million, compared with a loss of $69.1 million, on a
restated basis for 1998.

Fourth-quarter and year-end 1999 sales were driven by strong
performance in frozen seafood and Chef's Choice(R) and offset by
declines in baking mixes, Lender's(R) and breakfast products.

The company expects sales for the quarter ended March 31, 2000 to
be approximately $320 million, versus $331 million on a Pro forma
basis for the prior comparable period in 1999.  Demand for
Aurora's leading brands continues to be strong with market-share
improvements realized across a majority of its product
categories; however, this year's late Lenten season
depressed frozen seafood and baking sales. The company also
expects to focus on several profitability initiatives during the
year, including streamlining operations and management structure.
As a result, the company expects to take a one-time charge of up
to $10 million in the second quarter of 2000.


AURORA FOODS: Announces Appointments of President, CEO, CFO
-----------------------------------------------------------
Aurora Foods Inc., a producer and marketer of premium branded
foods, reports the appointments of James T. Smith, former
President and Chief Operating Officer of ConAgra Frozen Prepared
Foods, to the positions of President and Chief Executive Officer,
and Christopher T. Sortwell, former Executive Vice President and
Chief Financial Officer of The Stroh Companies, as EVP and CFO.
Both executives will join the company's Board of Directors.

"Recruiting exceptional management leadership talent for Aurora
has been a top priority," said Richard C. Dresdale, the company's
acting Chairman and President of Fenway Partners, which along
with McCown De Leeuw & Co. and other founding investors own
approximately 65% of the company's common stock. "Both Mr. Smith
and Mr. Sortwell are highly experienced branded food-products
executives with distinguished records of accomplishment.
Together, they bring the right combination of vision and
management skill to grow Aurora profitably in the future."

Mr. Smith has nearly 30 years of business management and
marketing experience in branded food and consumer goods products.
During his tenure at the Frozen Prepared Foods Group, which
includes such brands as Healthy Choice(R), Banquet(R) and Marie
Callender's(R), Mr. Smith completed a revitalization of the
business, more than doubling revenue and turning the
group into one of ConAgra's most profitable and successful
businesses.

During this period, ConAgra's frozen consumer market shares
increased by more than one-third to become the market leader in
nearly every major segment in which it competes. Prior to joining
ConAgra, Mr. Smith served as President of Gerber Products Company
and also held numerous senior management positions at Procter &
Gamble in the United States and Europe, including management of
the Duncan Hines(R) brand, which is now part of Aurora's brand
portfolio."

"Aurora is an exciting business with some of the best quality
brands in all the food industry. Every one of these brands is
well recognized and enjoys special place of trust with
consumers," said Mr. Smith. "Our focus will be to build on this
trust and the strength of our brand equities with stronger
sales and marketing programs and new products. We believe this is
the best way to grow our top line, to increase our profits and to
deliver long-term value to our shareholders."

Mr. Sortwell joins Aurora from The Stroh Companies, where he was
responsible for all financial and strategic planning activities.
During his 15-year tenure, he developed strong working
relationships with the financial community. Mr. Sortwell was also
responsible for Stroh's leading contract-manufacturing and
international businesses. Prior to joining Stroh, Mr. Sortwell
spent five years at McKinsey & Company.


AUTOINFO INC: Announces New Disclosure Statement Hearing Date
-------------------------------------------------------------
AutoInfo Inc., Stamford, Conn., announced on Friday that the
hearing held on Thursday to consider compliance with the
disclosure requirement was adjourned and rescheduled, according
to a newswire report. The court and other interested parties
raised issues regarding the adequacy of the disclosure statement,
and the company said it intends to address these issues in an
amended disclosure statement. "We anticipate that the amended
disclosure statement will satisfy the issues raised by all
interested parties," said William Wunderlich, president and chief
financial officer of AutoInfo. "We are hopeful that the
acceptance of the disclosure statement will lead to the timely
confirmation of our reorganization plan so that we may proceed
toward the consummation of a transaction in our continuing
efforts to restore shareholder value." A hearing to consider the
amended disclosure statement is scheduled to be held before Hon.
Adlai S. Hardin Jr. in the U.S. Bankruptcy Court for the Eastern
District of New York in White Plains. (ABI 10-Apr-00)


AVATEX: Proposals For Annual Meeting Must Be Received By May 31
---------------------------------------------------------------
Avatex Corporation announces that any proposals to be presented
to its stockholders at Avatex's 2000 annual meeting of
stockholders must be received by Avatex for inclusion in its
proxy statement for the meeting by May 31, 2000.

Avatex is a holding company that, along with its subsidiaries,
owns interests in other corporations and partnerships. Through
Phar-Mor, Inc., its 38% owned subsidiary, Avatex is involved in
operating a chain of retail discount drug stores devoted to the
sale of prescription and over-the-counter drugs, health and
beauty aids and other general merchandise.


CAPITAL GAMING: Boyd Gaming Blocking Management Pitch
-----------------------------------------------------
Capital Gaming, Inc., which filed for bankruptcy in 1996, faces
stiff opposition in its attempt to sell Rhode Island legislators
on the idea that it will manage a casino for the Narragansett
Indian Tribe along Interstate 95.  Boyd Gaming keeps raising the
bankruptcy issue with legislators in its attempt to discredit
Capital.  

"Anyone who reads [Capital's annual or quarterly] reports would
realize they don't have the wherewithal" to complete the Rhode
Island casino, Guy Dufault told Las Vegas Review-Journal last
week. Capital Gaming reported a loss of $ 208 million for the
quarter ended Dec. 31, according to regulatory filings with the
Securities and Exchange Commission.



CARSON INC: Extends Expiration Date For Cash Tender Offer
---------------------------------------------------------
Cosmair, Inc. has extended the expiration date for its cash
tender offer for all outstanding Class A common stock of Carson,
Inc., at $5.20 net per share. The new expiration date is Friday,
April 28, 2000 at 5:00 p.m EST.

As of the close of business on Tuesday, April 4, approximately
7.7 million shares of Carson's Class A common stock had been
tendered representing approximately 46 percent of the outstanding
Carson common stock on a fully diluted basis.

As previously announced, Cosmair is responding to a request for
additional information issued by the Department of Justice
Antitrust Division.


COHO ENERGY: Emerges With New Owners, Lender, Management
--------------------------------------------------------
Coho Energy, Inc. (NASDAQ: CHOH), which has been operating under
Chapter 11 since last August, reports that it has consummated a
successful plan of reorganization, bringing the oil and gas
company out of bankruptcy with new ownership, new senior
management and a major new bank facility.

Coho and five of its affiliates filed for bankruptcy protection
last August 23. At the time, Coho listed total liabilities of
approximately $425 million. Under the reorganization plan, Coho's
three largest institutional bondholders converted their debt into
approximately 90% of the equity of the reorganized company. These
bondholders also provided the majority of the $72 million of
subordinated notes, as provided under the plan of reorganization.
The three bondholders are Appaloosa Management, LP, Oaktree
Capital Management, LLC, and PPM America.

Coho's "old" public shareholders will receive 4% of the equity in
the reorganized company. The "old" equity holders, as of record
date of February 7, 2000, will also receive distributions, if and
when certain events occur, from the sale of specific Coho assets
and after the resolution of existing litigation. The company
stock will trade on NASDAQ over the counter with the symbol CHOH.

Chase Manhattan Bank is providing Coho with a new bank facility
in the amount of $250 million.

Coho's new Board of Directors elected Michael McGovern as chief
executive officer. Mr. McGovern has completed several turnarounds
in the oil and gas sector. He previously held CEO positions with
Edisto Resources Corporation/Convest Energy Corporation and
American National Petroleum Co. Since 1998, he has been a
managing director with Pembrook Capital Corp. in Houston,
assisting distressed energy companies. Earlier in his career he
held management posts at two NYSE-traded energy companies,
Freeport-McMoRan and the Louisiana Land and Exploration Company.

Mr. McGovern has already filled several top posts at Coho. Gary
Pittman, formerly chief financial officer at Bell Geospace, Inc.
in Houston who worked with Mr. McGovern at Convest Energy and
Edisto Resources, becomes Coho's new CFO. Gerald Ruley, who has
been with Coho and served as District Manager in both the Gulf
Coast and Mid-Continent areas, will be in responsible for all
phases of operations. Mr. Ruley is an experienced low cost
operator, having worked with both major and large Independent
companies.

"This is a positive outcome for Coho," said Stuart Lissner, a
managing director at PPM America, who chaired the unsecured
creditors committee. "The company has emerged from bankruptcy
with a healthier balance sheet and a strong group of financial
partners. "We're especially pleased to have Mike McGovern at
the helm," Mr. Lissner added. "Mike is a proven manager who has
successfully completed several turnarounds. He heads an
experienced team that will focus on increasing production and
cash flow."

Coho currently produces around 10,300 barrels of oil equivalent a
day (BOE), and has approximately 114 million barrels of proven
barrel of oil equivalent reserves, two-thirds of which are
developed. It operates the majority of its producing fields.

"Our primary focus is to ramp up production and generate cashflow
- the positive news is that we have the properties, the staff and
the financial resources to accomplish our objective," said Mike
McGovern.

Note on Coho Representation In addition to Stuart Lissner of PPM
America, the Coho creditors committee included Ron Goldstein of
Appaloosa Management and Tim Andrews of Oaktree Capital. Tom
Walper of the Los Angeles laws firm Munger, Tolles & Olson, was
legal advisor to the committee. Andy Rahl of the New York law
firm Andersen, Kill & Olick represented the bondholders and
others with respect to the $72 million exit financing. Louis
Strubeck of the Dallas law firm of Fulbright & Jaworski was
Coho's bankruptcy counsel. The investment banking firm of Petrie
Parkman & Co. acted as financial advisor to the Committee.


FORCENERGY: Closing Miami Hdqtrs & Relocating to New Orleans
------------------------------------------------------------
Monday, Forcenergy disclosed that it will close its headquarters
in Miami,Florida.  Twenty-two employees working at that location
will be laid-off or relocated to New Orleans.  As previously
reported in the TCR, Forcenergy recently emerged from a chapter
11 proceeding.


FOREX: Case Converted To Chapter 7
----------------------------------
The United States Bankruptcy Court issued an order converting La
Jolla, California-based Forex's Chapter 11 Reorganization case to
a Chapter 7 Liquidation. The conversion was requested by the U.S.
Trustee assigned to the case. The company has been operating
under bankruptcy protection since October 1999.


GENESIS HEALTH VENTURES: Begins Discussions With Lenders
--------------------------------------------------------
Genesis Health Ventures, Inc. has begun discussions with lenders
under its Senior Credit Agreement to revise the company's capital
structure.

The company reports it did not make a $3.8 million interest
payment under its Senior Credit Agreement led by Mellon Bank,
Citibank, Bank of America and First Union when due and it has
requested a grace period while discussions on an overall
restructuring take place.

Genesis reported it does not expect to make scheduled interest
and principal payments on its Senior Credit Agreement or interest
payments on subordinated debt during the discussion period.

The company reported its ability to make scheduled interest and
principal payments has been adversely impacted by an indefinite
delay in asset sales due to a lack of available financing in the
long term care market coupled with the continuing effect of
reduced Medicare payments.

Genesis has retained Merrill Lynch to develop a plan to revise
the company's capital structure. As of December 31, 1999, Genesis
has a total of $1.5 billion in indebtedness outstanding. The
company does not expect that the debt restructuring will
adversely affect its day-to-day operations or impact its ability
to provide high-quality eldercare services.

Separately, Genesis' 43.6 percent owned affiliate, The Multicare
Companies, Inc., also announced it has begun discussions with its
senior bank lenders and does not expect to make scheduled
interest and principal payments on its senior debt or interest
payments on subordinated debt.

Genesis Health Ventures provides eldercare in the eastern United
States through a network of Genesis ElderCare skilled nursing and
assisted living centers and long term care support services
nationwide including pharmacy, medical equipment and supplies,
rehabilitation, group purchasing, consulting and facility
management.


GILLS INVESTMENT: Case Summary and Largest Unsecured Creditor
-------------------------------------------------------------
Debtor: Gills Investment, Inc.
        2481 Maiers Rd. S.
        Moses Lake, WA 98837

Petition Date: April 6, 2000    Chapter 11

Bankruptcy Case No.: 00-02218

Judge: John A. Rossmeissl
Court: Eastern District of Washington
Debtor's Counsel: Dan O'Rourke
                  Southwell & O'Rourke, P.S.
                  421 W. Riverside Avenue
                  960 Paulsen Building
                  Spokane, WA 99201
                  (509) 624-0159

Total Assets: $ 1 million above
Total Debts:  $ 1 million above

Largest Unsecured Creditor

Gurnam Gill          $ 100,000


IRIDIUM, LLC: Judge Permits Unsecured Creditors To Sue Motorola
--------------------------------------------------------
Last month, U.S. Bankruptcy Judge Cornelius Blackshear, signed
the order permitting unsecured creditors of the bankrupt
satellite company, Iridium LLC, to file a $2billion lawsuit on
the company's behalf against it's principal backer, Motorola,
Inc, according to the reports circulated by the Chicago Tribune.

The unsecured creditors of  Iridium LLC accused Motorola of
executing a series of one-sided contracts that generated billions
of dollars of revenue for Motorola, Inc.

Iridium LLC, operating under Chapter 11 bankruptcy code, said it
would be liquidated because a buyer could not be found, recalls
Chicago Tribune.


LACLEDE STEEL: Extensive Damage To Structure of Building
--------------------------------------------------------
On Friday, March 31, a structural failure occurred at Laclede
Steel's Melt Shop in Alton, Illinois.  While the operating
furnace, the backup furnace and related equipment were not
damaged, extensive damage was done to the structure of the
building and the surrounding area. In addition,  furnace dust
(K061), which is regulated as hazardous waste, escaped from
collapsed ductwork, but is confined to the site. No one was
injured.

As a result of this accident, steel production at the Alton Plant
has been suspended for an indefinite period of time.  The company
has in place property and environmental insurance, which after
payment of the $100,000 deductible amount, it believes to be
adequate to cover the costs of reconstruction and cleanup.  
Laclede expects to restore the facilities to normal operating
conditions as soon as possible.  The company also maintains
business interruption insurance for the period the electric melt
shop is out of service.

The suspension of operations affects only the steel production
facilities at the Alton Plant.  All other operations, including
finishing operations at the Alton Plant, will continue, utilizing
existing semi-finished and finished inventories.  In addition,
the company is in the process of arranging for the purchase of
semi-finished steel to support its bar and pipe operations. It
expects no disruption of customer shipments.


LATTICE SEMICONDUCTOR: Annual Meeting Set For May 2, 2000
---------------------------------------------------------
The annual meeting of stockholders of Lattice Semiconductor
Corporation will be held at its Corporate Headquarters, 5505 NE
Moore Court, Hillsboro, OR 97124, on Tuesday, May 2, 2000, at
1:00 p.m., Pacific Time, for the following purposes:

1.  To elect one Class II director, for a term of three years;

2.  To ratify the appointment of PricewaterhouseCoopers LLP as
the independent accountants for the fiscal year ending December
30, 2000;

3.  To approve an amendment to the Certificate of Incorporation,
to increase the number of shares of common stock authorized to
be issued; and

4.  To transact any other business that may come before the
meeting.

Only stockholders of record at the close of business on March 16,
2000 are entitled to vote at the meeting or any adjournment
thereof.


LOCKHART CONSTRUCTION: Files for Chapter 11
-------------------------------------------
According to Akron Beacon Journal, recently W.G. Lockhart
Construction Company which is considered as one of Summit
County's largest construction firms which dominated road projects
in Akron since the 1960s and 1970s and is also involve in many
other large local public works projects, says it needs "breathing
room" to reorganize its debts.  

The records in a U.S. Bankruptcy Court in Akron states that
Lockhart owes money to more than 150 creditors, including
concrete suppliers, machinery rental firms, subcontractors, banks
and utilities. It also owes money to numerous union pension
funds, state and city taxing bodies and finance companies. The
company was overwhelmed by lawsuits and payment disputes,
filed for protection under Chapter 11 bankruptcy.


MADISON RESOURCES: Case Summary and 15 Top Creditors
----------------------------------------------------
Debtor: Madison Resources, Inc.
        110 East 59th Street
        New York, NY 10022

Type of Business: Primary a holding management company which
owns, manages or controls, directly or indirectly, in excess of
one-hundred subsidiaries, affiliated partnerships and joint
ventures engaged in the business of operating and managing fixed-
site outpatient diagnostic imagine centers in the United States.

Petition Date: April 7, 2000   Chapter 11

Court: Southern District of New York

Bankruptcy Case No.: 00-11446

Judge: Prudence Carter Beatty

Debtor's Counsel: Matthew A. Feldman
                  Myron Trepper
                  Willkie Farr & Gallagher
                  787 South Avenue,
                  New York, NY 10019
                  (212) 728-8000
                  Fax: (212) 728-8111
                  Email: mao@willkie.com

Total Assets: $ 220,056,000 million
Total Debts:  $ 156,593,000 million

15 Top Creditors

John Hancock Life Insurance Co.
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 23.5 million

General Electric Capital
Assurance Company
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 15 million

Great American Life Insurance Co.
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 6.5 million

Life Investors Insurance
Company of America
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 6 million

DVI Financial Services, Inc.
500 Hyde Park
Doylestown, PA 18901
Tel: 215-345-6600
Fax: 215-345-7759                   $ 5.1 million

COVA Financial Life Insurance Co.
c/o Sullivan & Worcester LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 5.0 million

AUSA Life Insurance Company
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 3.5 million

American Bank Insurance
Company of Florida
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 3 million

Hare & Co.
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 3 million

Executive Risk Indemnity Inc.
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 3 million

Mellon Bank, N.A.
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 3 million

John Hancock Variable
Life Insurance Company
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 2.5 million

Occidental Life Insurance
Company of North Carolina
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 2 million

Peninsular Life Insurance Company
c/o Sullivan & Worcester, LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 1 million

Investors Partners Life
Insurance Company
c/o Sullivan & Worcester LLP
One Post Office Square
Boston, MA 02109
(617) 338-2800                      $ 1 million


MATTHEWS STUDIO GROUP: Files Voluntary Petition Under Chapter 11
----------------------------------------------------------------
Matthews Studio Equipment Group. (Nasdaq:MATT), an international
single-source provider of professional equipment to the
entertainment industry announced that it has filed a voluntary
petition for reorganization under Chapter 11 of the U.S.
Bankruptcy Code.

Matthews and its subsidiaries were included in the filings. The
filings were made in the U.S. Bankruptcy Court in the San
Fernando Valley division of the Central District of California.

Matthews has retained the services of Klee, Tuchin, Bogdanoff &
Stern, LLP to represent the Company as reorganization counsel.
The Company's outside corporate counsel, Whitman Breed Abbot &
Morgan, LLP will continue to represent the
company.

In addition, Matthews has hired Crossroads, LLC as an advisor to
validate the new business plan, operational improvements and any
restructuring of the company's debt and other liabilities.
Crossroads, based in Newport Beach, Calif., is a national
turnaround management firm that assists middle market and
Fortune 100 companies to improve corporate value with interim
management, financial advisory, operational improvement, and
information technology services.

Carlos D. DeMattos, Chairman and Chief Executive Officer, stated,
"Matthews Studio Group has strong cash flow performance. We have
spent the past several months attempting to come up with a
proposal that would address the Company's challenges outside of a
court proceeding. Ultimately, the time required to complete a
restructuring transaction and the uncertain cost of closing
unprofitable locations were too great to overcome."

"While unfortunate, this proceeding will bring order to a
disorderly process. It should have little or no impact on our
customers, our vendors, or our employees. We intend to continue
to compete vigorously in all of our markets and to work
diligently to meet the needs of our customers."

DeMattos continued, "Our personal goal is to emerge from
reorganization as quickly as possible with a stronger, more
efficient and profitable company."

Certain of Matthews' subsidiaries were included in the filings as
a result of last minute demands by the Company's lenders to which
the Company was forced to accede.

Matthews Studio Group supplies traditional lighting, grip,
transportation, generators, camera equipment, professional video
and audio equipment, automated lighting and complete theatrical
equipment and supplies to entertainment producers through its
worldwide distribution network.


MEDICAL RESOURCES: Announces Filing of Reorganization Plan
----------------------------------------------------------
Medical Resources, Inc. (OTC Bulletin Board: MRII) reports that
it filed a pre-negotiated Plan of Reorganization and commenced
proceedings under Chapter 11 of the Federal Bankruptcy Code in
connection with the Company's previously announced agreement-in-
principle to convert $75,000,000 of its Senior Notes into common
stock of the reorganized Company.  Under the Plan of
Reorganization and the Chapter 11 proceeding (which applies only
to the parent company, Medical Resources, Inc., and not to any of
its operating subsidiaries or affiliates), the holders of the
Senior Notes and the Company's primary medical equipment lender
(who also holds approximately $5,121,000 of unsecured debt of the
Company) are to receive approximately 90% of the reorganized
Company's Common Stock.  Under the Plan of Reorganization, which
is subject to certain conditions, it is contemplated that the
reorganized Company's remaining equity will be distributed among
junior creditors (including plaintiffs in current lawsuits
pending against the Company), other claim holders and the
Company's equity holders.

Commenting on the filing of the Plan of Reorganization and
commencement of Chapter 11 proceedings, Geoffrey A. Whynot, the
Company's Co-Chief Executive Officer said, "Today's events are
the first step towards completion of the Company's consensual
debt-for-equity conversion of approximately $75,000,000 of
Senior Notes and other unsecured debt.  The reorganization, which
is expected to be completed in 60 to 90 days, will greatly reduce
the Company's debt load and, therefore, strengthen our business.  
Since we expect to continue to meet all of our trade credit and
operating obligations in the ordinary course, there will be
no disruption with respect to physician, vendor or employee
relationships.  By moving quickly and consensually with the
holders of the Senior Notes to reorganize the Company, we have
positioned Medical Resources to best maximize its business
prospects for the future."


NATIONAL ENERGY: Results For Fourth Quarter Ended December 31
-------------------------------------------------------------
National Energy Group, Inc. (OTC Bulletin Board: NEGXQ) announces
results for the fourth quarter ended December 31, 1999.

Revenues for the three months ended December 31, 1999 were $11.5
million, up 31% from $8.8 million in 1998, due to the increase in
oil and gas prices from 1998.

The Company's oil and natural gas production totaled 3.7 Bcfe for
the fourth quarter of 1999, a decline of 20% compared to 4.6 Bcfe
for the fourth quarter of 1998. The decline in oil and gas
production was caused by natural production declines.  The
Company's ability to offset these natural production declines
through its drilling and exploration program was limited during
1999 due to Bankruptcy Court restrictions.  The Company expects
production to continue to decline unless replaced through
drilling, workovers, recompletions and/or acquisitions.

The Company reported a net loss for the three months ended
December 31, 1999 of $1.3 million, or $(.03) per share compared
with a net loss of $62.9 million, or $(1.55) per share for 1998.  
The results for the fourth quarter of 1999 include net
reorganization costs of approximately $5.8 million related to the
Chapter 11 proceeding.  

Total revenues increased by $.9 million (2.3%) to $39.3 million
for 1999 from $38.4 million in 1998.  The increase in revenues is
due to the increase in oil and gas prices from the same period in
1998.  

In 1999, the Company produced 1,135 Mbbls of oil, a decrease of
8.3% compared to 1,238 Mbbls in 1998, and the Company produced
9,266 Mmcf of natural gas in 1999, a decrease of 17.7% from
11,255 Mmcf in the same period of 1998. The decrease in oil and
gas production was caused by natural production declines.  The
Company's ability to offset these natural production declines
through its drilling and exploration program was limited during
1999 due to Bankruptcy Court restrictions.  

Net income of $2.0 million was recognized for 1999, compared with
a net loss of $164.5 million for 1998.  Net income for 1999
excludes approximately $17.7 million in interest expense and
includes expenses of approximately $7.2 million, net, relating to
the bankruptcy proceeding, as discussed below. The net loss for
1998 included writedowns of oil and natural gas properties of
$148.4 million. Excluding the effects of these amounts a net loss
of $8.5 million would have been generated for 1999 compared to a
net loss of $16.1 million for 1998.
  
On February 28, 2000, the Committee filed with the Court a Joint
Disclosure Statement and proposed Plan of Reorganization, both of
which are subject to amendment, and a hearing on the Committee's
Joint Disclosure Statement is scheduled on April 17, 2000.

On March 14, 2000, the Company filed with the Court a Joint
Disclosure Statement and proposed a Plan of Reorganization, both
of which are subject to amendment, and a hearing on the Company's
Joint Disclosure Statement is scheduled on April 20, 2000.

National Energy Group, Inc. is a Dallas, Texas based independent
oil and gas exploration and production company.  The Company's
principal properties are located onshore in Texas, Louisiana,
Oklahoma, and offshore in the Gulf of Mexico.


NORTH AMERICAN ENERGY: Seeks To Sell Substantially All Assets
-------------------------------------------------------------
North American Energy Conservation, Inc. ("NAEC"), a debtor and
debtor in possession in a chapter 11 case, which is engaged in
the business of natural gas marketing, filed a motion in the
United States Bankruptcy Court for the Southern District of New
York on April 5, 2000 to sell substantially all of its assets,
free and clear of all liens, claims, encumbrances and interests.  
The prospective buyer is Amerada Hess Corporation, for a purchase
price of $250,000 plus the amount of the secured super-priority
claim of its subsidiary, Hess Energy Services Company, LLC, which
claim is estimated to be $6 million as of the closing.

NAEC has its executive office in New York City and also operates
out of offices in Syracuse, New York and Buffalo, New York.

The Bankruptcy Court for the Southern District of New York has
issued an order dated April 5, 2000 (the "Order to Show Cause")
approving the form, manner and notice of the motion, and
approving certain bidding procedures. Copies of the motion and
its exhibits and of the Order to Show Cause may be obtained
electronically by accessing the Court's website at:
http://www.nysb.uscourts.gov.

A hearing to consider the motion will be held on April 19, 2000
at 10:30 a.m. before the Honorable Prudence Carter Beatty, United
States Bankruptcy Judge, Alexander Hamilton United States Custom
House, One Bowling Green, Courtroom 701, New York, New York
10004.  Bidders interested in making higher and better bids must
adhere to the Auction Procedures approved in the Order to
Show Cause.  All parties interested in making bids should contact
the Debtor's counsel, Nicholas F. Kajon, Esq., Salomon Green &
Ostrow, P.C., 212-319-8500, e-mail: kajon@salomongreenostrow.com.  
Higher and better bids will be solicited at an auction to be
conducted at the offices of Salomon Green & Ostrow, P.C. on
April 18, 2000 at 4:00 p.m.  Higher bids may not be submitted at
the Hearing.


NORTH FACE: VF to Acquire North Face Sports Company
---------------------------------------------------
A day after The North Face said it might be forced to file for
bankruptcy, the sportswear and outdoor equipment maker announced
that it will be acquired by apparel company VF Corp. for about
$25 million, according to the Associated Press.

The agreement calls for VF to acquire all 12.7 million shares of
North Face for about $2 per share. On Thursday, North Face said
in a statement that its financial condition raised "substantial
doubt about its ability to continue as a going concern." VF
Corp., based in Greensboro, N.C, owns such brands as Lee,
Wrangler, Jantzen, Lily of France and JanSport. "By acquiring the
North Face, VF adds a global dimension to its growing portfolio
of strong outdoor lifestyle brands," said Mackey McDonald, VF
chairman and chief executive officer. The North Face, based in
San Leandro, Calif., makes clothing and products for climbers,
mountaineers, backpackers and skiers.


OMEGA HEALTHCARE: S&P Lowers Ratings
------------------------------------
Standard & Poor's today lowered its corporate credit rating on
Omega Healthcare Investors Inc. to double-'B'-minus from double-
'B'-plus.

In addition, ratings were lowered on the company's senior
unsecured notes and cumulative preferred stock (see list). All
ratings have been placed on CreditWatch with negative
implications.

These actions reflect further weakening to debt coverage measures
due to continued stress on the operators in Omega's healthcare
facilities, as well as the REIT's significantly reduced financial
flexibility.

Ann Arbor, Mich.-based Omega is a US$1.1 billion REIT that
focuses mainly on skilled nursing facilities. The large majority
of Omega's operators continue to experience financial
difficulties due, in large part, to revised Medicare
reimbursement rates. Although Omega has been proactive in
renegotiating agreements with its operators, these lower lease
and mortgage rates continue to significantly compress the REIT's
cash flow. In addition, certain operators, Integrated Health
Services Inc., Advocat Inc., and Raintree Healthcare, have
recently stopped making rent and interest payments to Omega.

Omega's coverage measures of 2.4 times (x) debt service and 2.0x
fixed charge for fiscal year 1999 are down from historical levels
(3.2x and 2.6x, respectively, in 1998). These measures are
expected to decline even further due to the above-mentioned
operators' nonpayments, the full year impact of renegotiated
agreements, as well as the higher costs associated with
refinancing maturing debt obligations.

Standard & Poor's conservatively estimates that coverages may
decline to the 1.8x debt service and 1.5x fixed charge level in
2000. The trust's US$81.6 million (unrated) 8.8% privately placed
notes come due in July 2000, and its US$200 million total
unsecured bank facilities (US$130 million outstanding) mature in
September 2000.

Negotiations are currently underway to extend the bank facility
and to obtain additional bank financing to refinance the private
notes. Omega currently has about US$900 million in unencumbered
assets, however, its lenders will likely require collateral in
order to extend the facilities. Standard & Poor's will assess the
collateral package for these lenders once it becomes available
and determine to what extent it may be necessary to 'notch' the
ratings or make a distinction between the senior secured and
unsecured creditors.


PAGENET: Metrocall Trying Again
-------------------------------
Metrocall, Alexandria, Va., is stepping back into the battle for
Paging Network (PageNet), Plano, Texas, after it first approached
PageNet last year, but talks broke down over management control
and performance guarantee issues, according to TheStreet.com.
After it had lost subscribers for six consecutive quarters and
missed a recent interest payment on its credit facility, PageNet
agreed in November to be acquired by Arch Communications,
Westboro, Mass. But PageNet also has the largest paging customer
base in the U.S., a lucrative radio spectrum and a fully built
two-way messaging network. Both bidders have licenses for
nationwide networks but haven't completed their systems. Last
week, Metrocall approached PageNet's unsecured creditors, who
hold bonds with a face value of $1.2 billion. An Arch spokesman
says the company is aware of Metrocall's recent bid, but said,
"The Arch/PageNet merger is on track, and [we] expect it to close
sometime this summer." The companies expect to receive Federal
Communications Commission and Justice Department approval in May.
"Clearly PageNet is in dire financial straits, so a deal needs to
happen sooner rather than later," says Will Power, a wireless
telecom analyst with J.C. Bradford in Nashville, Tenn. "To the
extent that time is of essence, Arch has a better chance." If
more than 97.5 percent of PageNet bondholders approve the Arch
deal, the company can avoid entering bankruptcy. If more than
two-thirds of PageNet bondholders approve, PageNet will then seek
a pre-packaged bankruptcy. If less than two-thirds vote in favor
of the deal, PageNet may file a conventional bankruptcy, the Arch
spokesman explained.


PHILIP SERVICES: Completes Financial Reorganization
---------------------------------------------------
Philip Services Corp. (TSE:PHV.) today announced that it has
completed its financial reorganization, and that Philip Services
Corporation, the newly restructured company incorporated in
Delaware, has successfully emerged from Chapter 11 of the U.S.
Bankruptcy Code and the Companies Creditors' Arrangement
Act ("CCAA") in Canada.

"We have emerged with renewed financial stability and the
strength of over 12,000 employees, a service network that spans
North America, and a loyal client and supplier base," said
Anthony Fernandes, President and Chief Executive Officer. "We
have a unique ability to contribute a range of critical products
and services to the market that provides us with a sound platform
from which to build a profitable future."

Through the financial reorganization and proceeds from the prior
sale of assets, the Company's senior secured debt has been
reduced from over $1 billion to $235 million and $100 million in
secured convertible payment-in-kind debt. The $235 million in
senior secured debt will be further reduced to approximately
$190 million once the Company completes the sale of its UK Metals
business to Simsmetal Limited. In addition, the Company has
converted approximately $140 million of unsecured debt into $48
million in payment-in-kind notes and $18 million in convertible
payment-in-kind notes. Class action suits against the Company
have been settled in return for 1.5% of the equity in the
restructured Company. With access to US $175 million in working
capital financing, Philip has the financial resources necessary
to support and grow its businesses.

As part of its financial reorganization, 24 million shares will
be issued by the new legal entity, Philip Services Corporation,
on a pro rata basis to its secured lenders (91%), unsecured
creditors (5%), existing shareholders (2%), class action
claimants (1.5%) and other equity claimants (0.5%). Under the
Company's Plan of Reorganization, existing shareholders will
receive 2% of the shares of the restructured company, which
represents a total of 480,000 shares or one share for every 273
shares held as of the record date. The record date to determine
shareholders who will receive shares in the restructured company
will be fixed shortly by the Toronto Stock Exchange. Shares of
the newly restructured company, Philip Services Corporation, are
expected to commence trading once the record date has been set.

Philip Services is an integrated metals recovery and industrial
services company with operations throughout the United States,
Canada and Europe. Philip provides diversified metals services,
together with by-products management and industrial outsourcing
services, to all major industry sectors.


SAFETY COMPONENTS: Reaches Terms With Creditor Constituencies
-------------------------------------------------------------
Safety Components International, Inc. and certain of its United
States subsidiaries, including Safety Components Fabric
Technologies, Inc. and Automotive Safety Components
International, Inc. (collectively, "Safety Components"), a
leading, low cost supplier of automotive airbag fabric and
cushions in the United States, announced today that it had
reached terms with its major creditor constituencies for a
capital restructuring of Safety Components that will effect a
substantial deleveraging of, and strengthening of the balance
sheet for, Safety Components, which restructuring is to be
effected through pre-arranged chapter 11 cases.  Its foreign
affiliates, which operate manufacturing facilities in Mexico, the
United Kingdom, Germany and the Czech Republic, and its three
U.S. affiliates Valentec International Corporation, LLC; Valentec
Systems, Inc., and Galion, Inc., which manufacture for ordnance
programs, did not commence chapter 11 cases and their operations
and businesses are not affected by the chapter 11 filings.

In conjunction with the chapter 11 filing, Safety Components said
that it has received a commitment from Bank of America, N.A., for
up to $30.6 million in debtor-in-possession (DIP) financing.  The
post-petition financing, which is subject to Bankruptcy Court
approval, is expected to provide adequate funding for all post-
petition trade and employee obligations, a paydown of prepetition
secured debt, as well as the Company's ongoing operating needs
during the restructuring process.

A restructuring agreement has been executed by Safety Components
and an informal committee comprised of holders holding over two-
thirds in aggregate dollar amount of the $90 million of 10-1/8%
senior notes issued by the Company due 2007.  Pursuant to the
restructuring agreement, the Noteholders' claims of in excess of
$95 million will be converted into the right to receive 96.8% of
Safety Components' equity after it emerges from chapter 11.  
Safety Components intends to pay all its trade suppliers and
other creditors in full pursuant to the terms of a chapter 11
plan of reorganization.  The restructuring agreement also
provides that current shareholders, excluding Robert Zummo
(Safety Components' Chairman), will receive 3.2% of Safety
Components' post-bankruptcy equity and warrants to acquire 12% of
such equity.  Upon approval of the DIP financing, the pre-
bankruptcy secured banks will receive a principal paydown of
$17 million and will retain a subordinated note for the remaining
$21 million portion of their indebtedness.


SPECIALTY RETAILERS INC.: Moody's Downgrades Notes
--------------------------------------------------
Moody's Investors Service downgraded the debt ratings of
Specialty Retailers Inc. ("Stage"), the primary operating
subsidiary of publically traded Stage Stores Inc. This ends the
review action started in January, 2000. The ratings affected by
this action are:

Senior implied rating to Caa1 from B2;

$200 million secured revolving credit facility to Caa2 from B2;

Senior unsecured issuer rating and senior unsecured notes to Caa3
from B2;

Senior subordinated notes to Ca from Caa2.

In addition, Moody's assigned a rating of B2 to the company's new
$35 million secured revolving credit facility. The outlook for
all ratings is negative.

The new ratings reflect an increased risk of default in the near
to intermediate term and very weak tangible asset coverage of on-
balance sheet obligations.

The ratings of the existing credit facility, the senior notes and
the subordinated notes were further impacted by their effective
subordination to the new secured $35 million bank facility, and
by the granting of limited security to the $200 million revolving
credit facility. The two bank facilities collectively share a
first lien in the first $50 million of value in inventory. The
existing $200 million facility has rights to a maximum of $50
million in inventory, less amounts borrowed under the $35 million
line. In default, remaining amounts outstanding under the $200
million revolver would rank equally with general unsecured
creditors.

The B2 rating of the $35 million secured facility is pending
review of final documentation, and assumes there are no
preference issues in case of default or bankruptcy.
Stage has also financed about $360 million of receivables through
securitization structures, representing over $300 million of off-
balance sheet obligations. The receivables structure is
bankruptcy-remote and would not result in a direct obligation
against Stage in case of a corporate default. However, the value
of Stage's interest in the receivables trust, which was $41
million in January 2000, could fluctuate depending on the volume
of receivables generated and on the performance of the trust. A
bankruptcy filing would cause an amortization event under the
securitization program. In that case, Stage's ability to generate
sales from its proprietary card could be limited by its ability
to finance new receivables. These sales have traditionally
accounted for about 40% of Stage's revenues.

Stage Stores Inc., and its main operating subsidiary, Specialty
Retailers, Inc., headquartered in Houston, Texas, operates abou
648 department stores under the Stage, Bealls, and Palais Royal
names, largely in rural areas. Revenues were about $1.07 billion
for the year ended January 2000.


TBS SHIPPING: Reaches Agreement With Certain Holders
----------------------------------------------------
TBS Shipping International Limited announced that it has reached
an agreement in principle with certain holders of a
substantial majority in principal amount of its 10% First
Preferred Ship Mortgage Notes Due 2005 (the "Notes") providing
for the restructuring of the Notes. Highlights of the agreement
include the merger of the Company with its parent and the
issuance to the Noteholders of $50 million of new secured debt
instruments in addition to preferred stock, common stock and
common stock warrants. The restructuring remains subject to
definitive documentation and will be implemented through a pre-
negotiated chapter 11 reorganization case for the Company, its
parent and only its vessel-owning direct and indirect
subsidiaries, none of which are involved in the operations of TBS
Pacific Liner, Ltd., TBS Latin America Liner Ltd., and TBS North
America Liner, Ltd. (the "Liner Companies"). The restructuring of
the Notes should not negatively impact the business of the Liner
Companies, which is continuing on a normal basis.


WASTE MANAGEMENT: Clarifies Status Of Australian Subsidiary Sale
-----------------------------------------------------------------
Waste Management Inc. (NYSE:WMI) today stated that contrary to a
statement released by SembCorp Industries Ltd., neither Waste
Management nor its subsidiaries have entered into an agreement
for the sale of Pacific Waste Management to SITA. Negotiations
for the sale are ongoing at this time.

Waste Management Inc., based in Houston, is the industry leader
in providing waste management services. In North America, the
Company operates throughout the United States, and in Canada,
Puerto Rico, and Mexico, serving municipal, commercial,
industrial and residential customers.


WASTE MANAGEMENT: Subsidiary Completes Offering of Interest
-----------------------------------------------------------
Waste Management Inc. (NYSE:WMI) announced that its subsidiary
has completed the secondary offering of its interest in Waste
Management New Zealand Limited.

Gross proceeds are expected to be approximately US $100 million,
the Company said. The transaction is by way of a public and
institutional offering in New Zealand and an institutional
offering in selected overseas markets.

The sale is part of Waste Management's strategic plan to re-focus
the Company on its North American solid waste operations. Waste
Management subsidiaries are in discussions with other parties on
the divestiture of certain other international businesses, as
well as certain non-core and non-integrated solid waste assets in
North America. The Company intends to use the proceeds of these
divestitures primarily to reduce debt and over time to repurchase
shares and make selective tuck-in acquisitions of solid waste
businesses in North America.

Waste Management Inc., based in Houston, is the industry leader
in providing waste management services. In North America, the
Company operates throughout the United States, and in Canada,
Puerto Rico, and Mexico, serving municipal, commercial,
industrial and residential customers.


Meetings, Conferences and Seminars
----------------------------------
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 & 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
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contained herein is obtained from sources believed to be
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