TCR_Public/031014.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, October 14, 2003, Vol. 7, No. 203

                          Headlines

ADELPHIA BUSINESS: Asks Court to Fix Voting Record Date for Plan
AIR CANADA: Reports 12.4% Decrease in September 2003 Traffic
AIR CANADA: TD Bank & HKL Asks Court to Clarify Lease Guarantee
AK STEEL: Will Publish Third-Quarter Results on October 24, 2003
AKAMAI TECHNOLOGIES: Zacks Highlights Akamai Shares with #2 Rank

ALESTRA: Extends Cash Tender, Exchange Offers and Solicitation
AMERCO: Joint Plan's Classification and Treatment of Claims
AMERICAN SEAFOODS: Extends Tender Offer for 10-1/8% Sr. Notes
AMES DEPARTMENT: Gets Nod to Complete Asset Sale to PDMS Realty
APARTMENT INVESTMENT: Fitch Affirms Preferreds Rating at BB+

ARMSTRONG: US Trustee Takes Action to Block Plan Confirmation
BEEFTOWN FEEDLOTS: Case Summary & 20 Largest Unsecured Creditors
CHANNEL MASTER: Seeking Nod to Appoint Trumbull as Claims Agent
CHC INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
CHESAPEAKE CROSSING: First Creditors' Meeting Slated for Nov. 3

COEUR D'ALENE: Ed Bugos Highlights Coeur D'Alene Mines Stock
CONSOL ENERGY: Largest Shareholder Closes Sale of 27-Mil. Shares
CONSTELLATION BRANDS: Appoints Philippa Dworkin SVP of Comms.
CROWN CASTLE: Completes $1.6 Billion Amended Credit Facility
DATA TRANSMISSION: Intends to Hire Ordinary Course Professionals

DIAL CORP: Board Declares Quarterly Divide Payable on January 22
DII INDUSTRIES: Exchange Offer for 7.6% DII Debentures Launched
DOMAN INDUSTRIES: Obtains CCAA Stay Extension Until November 27
DUALSTAR TECHNOLOGIES: Ability to Continue Operations Uncertain
EL PASO CORP: Enters Drilling Venture with Lehman Bros. & Nabors

EQUITY INNS: Raises $22MM from Common & Preferred Equity Sales
EXIDE TECH.: Wants to Create Subsidiaries and Transfer Assets
FEDERAL-MOGUL: Court Expunges 58 of Amended or Superseded Claims
GENUITY INC: Plan Confirmation Hearing Schedules for November 17
GEORGIA-PACIFIC CO.: Zacks Highlights GP Stocks with #1 Ranking

GMP INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
HAYES LEMMERZ: HLI Trust Wants Auditors to Produce Documents
HECLA MINING: Ed Bugos Highlights Hecla Mining Stock
HOUSTON EXPLORATION: Will Publish Third-Quarter Results on Nov 6
IESI: Buys Seneca Meadows Landfill & Refinances Credit Facility

IFCO SYSTEMS N.V.: Closes and Settles EUR$110 Million Bond Issue
IMPATH INC: Secures Court Nod to Hire Weil Gotshal as Attorneys
INTERPOOL: Accepts Raoul Witteveen's Resignation as Pres. & COO
INTERPOOL: No Additional Fitch Rating Action after Resignations
INTERPOOL: Fitch Downgrades Ratings over Potential Filings Delay

INTERPOOL: Accounting Investigation Prompts S&P Watch
INTRAWEST CORP: Executes 9.75% Notes' 2nd Supplemental Indenture
JAMES CABLE: Court Approves First Amended Disclosure Statement
KB HOME: Zacks Highlights KB Stock with #1 Ranking
KNL PROPERTIES: Case Summary & 16 Largest Unsecured Creditors

LEVI STRAUSS: S&P Revises Outlook on B Credit Rating to Negative
LITEGLOW INDUSTRIES: Files for Chapter 11 Protection in Florida
LITEGLOW INDUSTRIES: Voluntary Chapter 11 Case Summary
MARINER HEALTH: Completes Divestiture of Florida Facilities
MEDISOLUTION: Brascan Acquires 54M Shares in Conv. Debt Deal

MERCER INT'L: Closes Sale of $82-Mil. of Conv. Senior Sub. Notes
MIDWEST EXPRESS: Reports Increase in Traffic for September 2003
MIRANT CORP: Court Okays AP Services as Debtor's Crisis Managers
NATIONAL CENTURY: Continuing Cash Collateral Use Until Oct. 31
NESCO INDUSTRIES: Taps BP Audit Group to Replace Grant Thornton

OAKWOOD HOMES: S&P Further Cuts Ratings on Related Trust Classes
OXFORD AUTOMOTIVE: S&P Withdraws Low-B Level Corp. Credit Rating
PENN TRAFFIC: Seeks Clearance to Close 16 of 211 Supermarkets
PERRY ELLIS: Executives and Board Members Adopt 10b5-1 Plans
PETRACOM OF JOPLIN: Voluntary Chapter 11 Case Summary

PETROLEUM: Class 4's Have Until Oct. 24 to Choose Distribution
PG&E NAT'L: Energy Services Provides Statement of Fin'l Affairs
PILLOWTEX CORP: Creditor Committee Taps Blank Rome as Co-Counsel
POLAR MOLECULAR: Files June Quarterly Report on SEC Form 10-Q
POLAROID CORP: Court Approves 3rd Amended Disclosure Statement

PPM AMERICA: S&P Further Lowers Rating on Class A-2 Notes to B-
PRESIDENT CASINOS: Aug. 31 Balance Sheet Upside-Down by $49 Mil.
PRIME GROUP REALTY: Fires Co-President & CFO Louis G. Conforti
PRIMEDEX HEALTH: Court Orders Discharge from Ch. 11 Bankruptcy
QUADRAMED: SEC Staff to Recommend Enforcement Action vs. Company

RANGE RESOURCES: S&P Ups Corporate Credit Rating to BB- from B+
REPUBLIC ENGINEERED: Secures Court Nod for DIP Financing Pact
REPUBLIC ENGINEERED: Signs-Up Weil Gotshal as Bankruptcy Counsel
RICA FOODS: Inks $36.3 Million Debt Restructuring Agreement
SK GLOBAL AMERICA: Asks Judge Blackshear to Fix Claims Bar Date

SUNBLUSH: Wants Shareholders' Approval of Reorganization Plan
SYMBOL TECHNOLOGIES: Provides Update About Telxon Litigation
TRITEAL: Oct. 15 Is Record Date for Distribution to Shareholders
UNITED AIRLINES: Bankr. Court Fixes Stub Rent Payment Procedures
U.S. ONCOLOGY: Look for Third-Quarter 2003 Results on October 31

U.S. STEEL: Will Take about $50-Mill. Q3 Charge After Asset Swap
WHEELING-PITTSBURGH: Wants Avoidance Actions Procedures Extended
WOODLAND HATCHERY: Acquires Majority of Shares of Dwango North
WORLD AIRWAYS: Terminates 8% Conv. Debenture Exchange Offer
WORLDCOM INC: Extends Tender Offer for Class A Shares of Digex

WORLDCOM INC: Intends to Assume Wilmington Trust Fiber Lease
W.R. BERKLEY: Files Universal Shelf Registration Statement
XCEL ENERGY: Receives SEC Order on NRG Energy's Bankruptcy

* KPMG LLP Names Richard A. Brown Milwaukee Managing Partner

* Large Companies with Insolvent Balance Sheets

                          *********

ADELPHIA BUSINESS: Asks Court to Fix Voting Record Date for Plan
----------------------------------------------------------------
Adelphia Business Solutions, Inc., d/b/a TelCove, has asked the
United States Bankruptcy Court for the Southern District of New
York, which has jurisdiction over the Chapter 11 cases commenced
by ABS and certain of its subsidiaries in March 2002, and June
2002, to set October 16, 2003, as the Voting Record Date for
determining the eligibility of holders of claims against the
Debtors to vote on the Debtors' First Amended Joint Plan of
Reorganization Under Chapter 11 of the Bankruptcy Code, as the
same may be further amended.

The proposed October 16, 2003 Voting Record Date, if authorized by
the Bankruptcy Court, would be applicable to holders of claims
against the Debtors, including the holders of the following ABS
notes:

- 12% Senior Subordinated Notes, due 2007 (Cusip 44914K AL 2)

- 12-1/4% Senior Secured Notes, due 2004 (Cusip 44914K AH 1)

- 13% Senior Discount Notes, due 2003 (Cusip 44914K AE 8)

As previously, widely noticed, a hearing has been scheduled in the
Bankruptcy Court for October 20, 2003, to consider approval of the
proposed Debtors' First Amended Disclosure Statement Pursuant to
Section 1125 of the Bankruptcy Code and other related relief,
including approval of the proposed Voting Record Date. As detailed
in the proposed Disclosure Statement, the right to make certain
elections as part of the balloting process will be tied to the
Voting Record Date.

Copies of the proposed Disclosure Statement and proposed Plan are
available on the official Web site of the Bankruptcy Court at
http://www.nysb.uscourts.gov

On March 27, 2002, ABS and certain of its wholly owned
subsidiaries commenced voluntary cases under Chapter 11 in the
Bankruptcy Court. Thereafter, on June 18, 2002, certain additional
indirect subsidiaries of ABS commenced voluntary cases under
Chapter 11 of the Bankruptcy Code.

Founded in 1991, TelCove is one of the longest standing
competitive communications providers in the nation offering
integrated Internet, Data, and Voice services to more than 9,000
customers via its advanced, secure fiber optic network. For more
information on TelCove, visit http://www.telcove.com


AIR CANADA: Reports 12.4% Decrease in September 2003 Traffic
------------------------------------------------------------
Air Canada mainline flew 12.4 per cent fewer revenue passenger
miles in September 2003 than in September 2002, according to
preliminary traffic figures.

In the domestic market, the carrier recorded the best load factor
results of any Canadian carrier reporting. Overall, capacity
decreased by 11.1 per cent, resulting in a load factor of 73.4 per
cent, compared to 74.5 per cent in September 2002; a decrease of
1.1 percentage points.

Jazz, Air Canada's regional airline subsidiary, flew 0.8 per cent
fewer revenue passenger miles in September 2003 than in September
2002, according to preliminary traffic figures. Capacity increased
by 2.7 per cent, resulting in a load factor of 54.7 per cent,
compared to 56.6 per cent in September 2002; a decrease of 1.9
percentage points.

"While still below last year's level, we continued to make
progress and experienced an improvement in overall demand in
September. The month reflected the smallest year-over-year traffic
decrease since April 2003," said Rob Peterson, Executive Vice
President and Chief Financial Officer. "Domestic mainline traffic
was 3.9 per cent below the prior year and traffic demand remained
positive on Atlantic routes for the fourth consecutive month.
Increased demand for leisure sun destinations as well as improving
economic conditions in South America pushed traffic up 16.4 per
cent on these routes. Although traffic is gradually recovering
over the Pacific, performance of U.S. transborder routes remains
weak, resulting in continued diligent capacity control on these
markets."


AIR CANADA: TD Bank & HKL Asks Court to Clarify Lease Guarantee
---------------------------------------------------------------
In 1987 and 1988, Citibank Canada, through its subsidiary
Citibank Canada Leasing Inc., entered into two substantially
identical transactions in relation to two Boeing 767s in Air
Canada's fleet.  Citibank Leasing later assigned its interest in
the transactions to the Toronto-Dominion Bank, its subsidiary,
1022722 Alberta Inc., and HongKong Bank of Canada Leasing Ltd.

Under each transaction:

   * Citibank Leasing purchased an aircraft from Air Canada for
     CND53,000,000;

   * Citibank Leasing entered into an 18-year lease with Air
     Canada for the aircraft;

   * Citibank Leasing immediately sold its interest in the
     aircraft and the leases to TD Bank and HKL and received
     CND2,000,000 in fees and other profits; and

   * as an inducement to TD Bank and HKL to purchase the aircraft
     and the Citibank Leases, Citibank Canada agreed to provide a
     CND10,779,000 letter of credit designed to protect TD Bank
     and HKL if the residual value of the aircraft on lease
     expiry was less than CND10,779,000.

Due to its restructuring, Air Canada notified TD Bank and HKL
that it does not require further use of the aircraft.  Air Canada
purported to terminate one of the Leases.  Air Canada also
returned both of the aircraft to TD Bank and HKL.

John J. Chapman, Esq., at Miller Thomson LLP, in Toronto,
Ontario, tells the Court that the Citibank Canada letters of
credit provide for certain certificates to be provided on draw-
down of a letter of credit.  These certificates, among other
things, require it to be certified that the Citibank Leases have
not been amended, modified or altered without Citibank Leasing's
consent and that the aircraft have been returned pursuant to and
in compliance with certain return conditions required under the
Leases.

However, those conditions have not been met.  Both aircraft are
worth less than CND10,779,000.

According to Mr. Chapman, Citibank Canada said that the CCAA
proceeding and the steps Air Canada undertook pursuant to the
Amended and Restated Initial CCAA Order means that the Letters of
Credit can never be called upon as the conditions in the Letters
of Credit can never be met.  Citibank Canada said that it may
potentially be prejudiced by the CCAA filing.

"[Citibank Canada] says it has concerns that if Air Canada has
not maintained the aircraft in accordance with the return
conditions . . . of the leases that this may result in a decrease
in their value," Mr. Chapman notes.

To meet this concern, TD Bank and HKL repeatedly offered to meet
with Citibank Canada and offered to absorb the cost of any
additional expenses needed to bring the aircraft to return
conditions.  However, Citibank Canada remains entrenched in its
position that it will not consent to any arrangement TD Bank and
HKL proposed.

In the absence of a clarifying order, Mr. Chapman asserts that
Air Canada has no right to terminate the two Citibank Leases
without first meeting certain return conditions.  Without that
clarifying order, TD Bank and HKL have the ability, if so
advised, to "wait out the Leases until they expire."

Mr. Chapman points out that the Initial CCAA Order and Air
Canada's actions jeopardized TD Bank and HKL's ability to wait
out the leases and draw down on the Letters of Credit.  TD Bank
and HKL do not understand why Air Canada's filing and the steps
it undertook to terminate the Leases relieve Citibank Canada from
its obligations to assume the risk of the value of the aircraft
being less than CND10,779,000.

By this motion, TD Bank and HKL ask the Court to rule that:

   -- Air Canada in its return of the aircraft will be deemed to
      have elected not to meet the Leases' return conditions and
      will be deemed to have elected to agree on the dollar
      amount to be paid to compensate TD Bank and HKL for any
      failure to meet the return conditions; and

   -- any notices Air Canada provided pursuant to the Initial
      CCAA Order with respect to the purported termination of the
      Leases are merely evidence of Air Canada's intention not to
      perform its further obligations under the Leases and do not
      constitute an amendment, modification or alteration of the
      Leases.

Alternatively, TD Bank and HKL ask the Court to require Citibank
Canada to consent to the Lease amendment they proposed. (Air
Canada Bankruptcy News, Issue No. 14; Bankruptcy Creditors'
Service, Inc., 609/392-0900)


AK STEEL: Will Publish Third-Quarter Results on October 24, 2003
----------------------------------------------------------------
AK Steel (NYSE: AKS) plans to release third quarter earnings
results at approximately 9:00 a.m. Eastern Time on Friday,
October 24, 2003.

In conjunction with its earnings release, AK Steel will provide
live listening access on the Internet to its analyst conference
call to be held at 11:00 a.m. Eastern Time on October 24, 2003.

Access to the Webcast will be available from the home page of the
company's Web site at http://www.aksteel.com.  The Webcast will
be archived on the company's Web site following the call until
October 31, 2003 and will be accessible from the home page.

AK Steel (S&P, B+ Corporate Credit Rating, Negative Outlook)
produces flat-rolled carbon, stainless and electrical steel
products for automotive, appliance, construction and manufacturing
markets, as well as tubular steel products. The company has about
10,000 employees in plants and offices in Middletown, Coshocton,
Mansfield, Walbridge and Zanesville, Ohio; Ashland, Kentucky;
Rockport and Columbus, Indiana; and Butler, Pennsylvania. In
addition, the company produces snow and ice control products and
operates an industrial park on the Houston, Texas ship channel.


AKAMAI TECHNOLOGIES: Zacks Highlights Akamai Shares with #2 Rank
----------------------------------------------------------------
Zacks.com releases another list of stocks that are currently
members of the coveted Zacks #1 Ranked list which has produced an
average annual return of +33.6% since 1988 and has gained +13.3%
annually since 2000 as the markets have been tumbling down.

Among the #1 ranked stocks Zacks highlights the widely held stocks
of Akamai Technologies, Inc. with #2 Rankings (Buy).

Here is a synopsis of why Akamai stocks have a Zacks Rank of 2
(Buy). Note that a #2 Buy rating is applied to 15% of all the
stocks we rank:

Akamai Technologies, Inc. (NASDAQ:AKAM) is a provider of services
that enable the world's leading enterprises and government
agencies to extend and control their ebusiness infrastructure. The
company will release third quarter numbers on October 29, 2003. In
July, the company reported financial results for the second
quarter ended June 30, 2003. Revenue for second quarter 2003 was
$37.8 million, a +3.3% increase over first quarter revenue of
$36.6 million, and a +4.1% increase over second quarter 2002
revenue of $36.3 million. Normalized net loss for second quarter
2003 was $10.1 million, or a negative 9 cents per share, compared
to normalized net loss for the prior quarter of $13.3 million, or
negative 11 cents per share. That figure also beat the Street's
estimate by +10%. In the second quarter, AKAM improved their
operating results year over year and grew revenue quarter over
quarter and year over year, while building valuable relationships
with a large and healthy base of enterprise and government
clients. The company believes that they are well-positioned to
reach their goal of generating positive free cash flow for the
fourth quarter and analysts have narrowed this year's loss by 2
cents and expect a +113% increase in earnings by 2004 moving from
a loss to a profit. As the economy continues to improve, Akamai
looks to be heading in the right direction.

For over 15 years the Zacks Rank has proven that "Earnings
estimate revisions are the most powerful force impacting stock
prices." Since 1988 the #1 Ranked stocks have generated an average
annual return of +33.6% compared to the (a)S&P 500 return of only
+11.3%. Plus this exclusive stock list has generated average gains
of +13.3% during the last 3 years; a substantial return compared
to the large losses suffered by most investors during that time
frame. Also note that the Zacks Rank system has just as many
Strong Sell recommendations (Rank #5) as Strong Buy
recommendations (Rank #1). And since 1988 the S&P 500 has
outperformed the Zacks #5 Ranked stocks by 166.7% annually (11.3%
vs. 4.2% respectively). Thus, the Zacks Rank system can truly be
used to effectively manage the trading in your portfolio.

The Zacks Rank, and all of its recommendations, is created by
Zacks & Co., member NASD. Zacks.com displays the Zacks Rank with
permission from Zacks & Co. on its web site for individual
investors.

Zacks.com is a property of Zacks Investment Research, Inc., which
was formed in 1978 to compile, analyze, and distribute investment
research to both institutional and individual investors. The
guiding principle behind our work is the belief that investment
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Our goal is to unlock their profitable insights for our customers.
And there is no better way to enjoy this investment success, than
with a FREE subscription to "Profit from the Pros" weekly e-mail
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http://www.freeprofit1bw.zacks.com

Zacks Investment Research is under common control with affiliated
entities (including a broker-dealer and an investment adviser),
which may engage in transactions involving the foregoing
securities for the clients of such affiliates.

Akamai(R) -- whose June 30, 2003 balance sheet shows a total
shareholders' equity deficit of about $180 million -- provides
services that enable the world's leading enterprises and
government agencies to extend and control their e-business
infrastructure. Having deployed the world's largest, globally-
distributed computing platform, Akamai ensures the highest levels
of availability, reliability, security, and performance of
networked information and application delivery.  Headquartered in
Cambridge, Massachusetts, Akamai's industry-leading services,
matched with world-class customer care, are used by hundreds of
successful enterprises, government entities, and Web businesses
around the globe.  For more information, visit
http://www.akamai.com


ALESTRA: Extends Cash Tender, Exchange Offers and Solicitation
--------------------------------------------------------------
Alestra, S. de R.L. de C.V., extends its pending cash tender
offers, exchange offers and consent solicitation for all of its
outstanding principal amount of its 12-1/8% Senior Notes due 2006
and 12-5/8% Senior Notes due 2009 and its solicitation of
acceptances to a U.S. prepackaged plan of reorganization.

Alestra is extending the expiration date for the offers and the
solicitation of acceptances to the U.S. prepackaged bankruptcy to
11:59 p.m. on October 17, 2003, five business days from, and
including, the date of this press release, unless further extended
by Alestra. If the offers are consummated, the new senior notes
will be issued and all cash payments will be paid pursuant to the
offers no earlier than the third business day following the
expiration date, or as soon as practicable thereafter. Until, but
not including, October 17, 2003, Alestra is also granting
withdrawal rights to holders of its existing senior notes who
previously tendered their existing senior notes in the offers and
to those holders of its existing senior notes who on or subsequent
to the date of this press release tender their existing senior
notes in the offers. Holders of Alestra's existing senior notes
already have the right to withdraw or modify their ballot for the
U.S. prepackaged plan at any point prior to the commencement of
the U.S. bankruptcy case. As of the date of this press release,
approximately $238 million principal amount of its outstanding 12
1/8% Senior Notes due 2006 have been tendered in the offers and
approximately $253 million principal amount of its outstanding 12
5/8% Senior Notes due 2009 have been tendered in the offers.

You may obtain copies of Alestra's prospectus, prospectus
supplements and transmittal documents for the offers and the
solicitations from the Information Agent: D.F. King & Co., Inc.,
48 Wall Street, New York, New York, 10005. Banks and brokers call
collect: (212) 269-5550. All others call toll free: (800) 549-
6697.

Headquartered in San Pedro Garza Garcia, Mexico, Alestra is a
leading provider of competitive telecommunications services in
Mexico that it markets under the AT&T brand name and carries on
its own network. Alestra offers domestic and international long
distance services, data and internet services and local services.

Any questions regarding the cash tender offers, exchange offers,
the consent solicitations and the solicitation of acceptances to a
U.S. prepackaged plan of reorganization may be addressed to Morgan
Stanley as dealer manager for this transaction at the following
number:

               Simon Morgan 1-212-761-2219
               Heather Hammond 1-212-761-1893


AMERCO: Joint Plan's Classification and Treatment of Claims
-----------------------------------------------------------
Although the Plan constitutes a joint plan of reorganization for
the AMERCO Debtors, Edward J. Shoen, Amerco's Chief Executive
Officer, clarifies that the Plan does not provide for the
substantive consolidation of the estates.  The Plan contains
separate classes of holders of claims against, and interest in,
each of the Debtors.

                       Unclassified Claims

A. Administrative Claims

   Subject to the provisions of the Plan, an Allowed
   Administrative Claimholder will receive, in full satisfaction
   of its claim, cash equal to the unpaid portion of the Allowed
   Administrative Claim or other treatment as to which the
   Debtors and the Claimholder will agree on in writing, on the
   later of:

   (a) the Effective Date,

   (b) the date the Administrative Claim is allowed, or

   (c) on the agreed date between the Debtors and the
       Claimholders.

B. Priority Tax Claims

   The Allowed Priority Tax Claimholder will be entitled to
   receive on account of a Priority Tax Claim:

     (i) equal Cash payments on the last Business Day of each
         three-month period after the Effective Date, during a
         period not to exceed six years after the assessment of
         the tax on which the Claim is based, totaling the
         aggregate amount of the Claim plus simple interest on
         any outstanding balance from the Effective Date
         calculated at the interest rate available on 90-day
         United States Treasuries on the Effective Date,
         which the Debtors believe is appropriate based on rates
         approved in other Chapter 11 cases;

    (ii) other treatment agreed to by the Allowed Priority Tax
         Claimholder and the Debtors, provided the treatment is
         on more favorable terms to the Debtors than the
         treatment set forth in clause (i), or

   (iii) payment in full in Cash.

   The Debtors contemplates the payment to be on the later of:

   (a) the Effective Date,

   (b) the date a Priority Tax Claim becomes an Allowed Priority
       Tax Claim, or

   (c) the date a Priority Tax Claim first becomes payable
       pursuant to any agreement between a Debtor and the holder
       of the Priority Tax Claim, at the sole option of the
       Debtors.

   The Debtors do not yet have an estimate of the total Priority
   Tax Claims.

C. Workers' Compensation Program Claims

   Upon confirmation and substantial consummation of the Plan,
   the Reorganized Debtors will continue any Workers'
   Compensation Programs in accordance with applicable state
   laws.  The Plan will not discharge, release or relieve the
   Debtors from any current or future liability with respect to
   any of the Workers' Compensation Programs.

D. Employee-Related Claims and Retiree Benefits

   Upon confirmation and substantial consummation of the Plan,
   the Reorganized Debtors will continue the Retiree Benefits in
   accordance with applicable prepetition plan.  The Plan will
   not alter, modify, terminate or discharge the Debtors from
   any current or future liability with respect to the Retiree
   Benefits they are obligated to provide under any plan or
   program maintained or established prior to the Petition Date.

E. Claims for Professional Fees

   Each person seeking an award by the Court of Professional
   Fees must file its final application allowance of
   compensation for services rendered and reimbursement of
   expenses incurred through the Confirmation Date within 45
   days after the Effective Date, and if the Bankruptcy Court
   grants the award, each Person must be paid in full in Cash by
   the Reorganized Debtors in the amounts as are allowed by the
   Bankruptcy Court as soon thereafter as practicable.

F. Claims of DIP Lender

   Simultaneously with the closing of the Exit Financing
   Facility, all the Debtors' outstanding obligations to any DIP
   Lender pursuant to a DIP Financing Order will be fully and
   finally satisfied in accordance with their terms using
   proceeds derived from, among other things, the Exit Financing
   Facility or Cash held by Reorganized AMERCO.

                        Classified Claims

Class 1 -- JP Morgan Claims

   This Class is impaired and entitled to vote.  The Debtors
   estimate the total Class 1 Claims to reach $153,750,000.
   Class 1 Claimants will recover 100% of their Claims.

   As of the Petition Date, the unpaid principal amount of the
   JPMorgan Claims was $205,000,000.  On September 10, 2003, the
   Debtors paid $51,250,000, pursuant to a Court order, as
   adequate protection to the holders of the JPMorgan Claims.
   The Debtors and the holders of more than two-thirds of the
   aggregate amount of the JPMorgan Claims have entered into a
   Restructuring Agreement, which sets forth the treatment of the
   JPMorgan Claims under the Plan.  Subject to the Debtors'
   compliance with the disclosure and solicitation provisions of
   Section 1125 of the Bankruptcy Code, the holders of the
   JPMorgan Claims that are parties to the Restructuring
   Agreement agreed to vote to accept the Plan.

   On the Effective Date, the holders of the JPMorgan Claims
   will receive, in full and final satisfaction of the JPMorgan
   Claims, their Pro Rata portion of:

   (a) Cash, equal to $71,750,000;

   (b) Cash, equal to any and all accrued but unpaid interest on
       the principal amount outstanding under the JPMorgan Chase
       Credit Facility up to and including the Effective Date,
       payable at the non-default rate of interest under the
       JPMorgan Chase Credit Facility, plus reasonable costs and
       expenses, including professional fees;

   (c) $48,400,000 in aggregate principal amount of the New Term
       Loan A Notes issued pursuant to the Exit Financing
       Facility; and

   (d) $33,600,000 in aggregate principal amount of the New Term
       Loan B Notes issued pursuant to the New Term Loan B Notes
       Indenture.

   If the Debtors do not comply with the syndication terms in
   the Restructuring Agreement by arranging for the placement of
   at least $20,000,000 in New Term Loan B Notes to unrelated
   third party market participants, then the holders of the
   JPMorgan Claims will receive an additional $33,600,000 in New
   Term Loan A Notes in lieu of any distribution of New Term
   Loan B Notes, which will result in a reduction in the amount
   of Cash to be paid to the holders of Allowed Claims in Class
   7 under the Plan.

Class 2 -- Other Priority Claims

   This Class is unimpaired and deemed to accept the Plan.

   Other Priority Claims are primarily claims, if any, held by
   the Debtors' current and former employees for unpaid wages,
   salaries, bonuses, severance pay, vacation pay, and other
   unpaid employee benefits.  The Debtors believe that there are
   no valid Other Priority Claims.  However, in the event there
   are any valid Other Priority Claims, the Debtors or will
   either pay the claims in full in Cash or, if necessary, agree
   with the claimholder to some other mutually agreeable
   compensation arrangement.

Class 3 -- Citibank Claims

   This Class is impaired and entitled to vote, subject to
   alternative treatment.  The Debtors estimate the total amount
   of Class 3 Claims to reach $101,000,000.  Class 3 Claimants
   will recover 100% of their Claims.

   Citibank Claims arise out of a synthetic lease facility with
   AREC.  AMERCO guaranteed the Citibank Claims.  The Debtors
   are actively pursuing a transaction -- the Carey Sale
   Transaction -- which, if consummated, would involve a sale of
   the real property subject to the synthetic lease facility,
   and full payment of the Citibank Claims.  There can be no
   assurance that the Carey Sale Transaction will be consummated
   prior to the Effective Date of the Plan.  Thus, the Plan
   provides for these alternative treatments of the Citibank
   Claims, each of which will be in full and final satisfaction
   of the Citibank Claims:

   * Carey Sale Transaction closes and holders of Citibank
     Claims vote to accept the Plan.

     On or before the Effective Date of the Plan, the Citibank
     Claimholders will receive an amount of Cash from the Carey
     Sale Proceeds equivalent to the amount of the Allowed
     Citibank Secured Claim, excluding therefrom, if applicable,
     any fine, penalty, interest or cost arising from or related
     to a default under the Citibank Master Lease and the
     Citibank Operative Documents, provided that:

     (a) the Carey Sale Agreement has been approved by a Final
         Order of the Bankruptcy Court on or before the
         Effective Date;

     (b) the Carey Sale Transaction closes in accordance with
         the Carey Sale Agreement, including the payment of the
         Carey Sale Proceeds, on or before the Effective Date;
         and

     (c) holders of the Citibank Claims have voted to accept the
         Plan by the statutory prerequisites for acceptance set
         forth in Section 1126 of the Bankruptcy Code.

   * Carey Sale Transaction does not close and holders of
     Citibank Claims vote to accept the Plan.

     Reorganized AREC will, on the Effective Date of the Plan,
     execute and deliver the Restated Citibank Master Lease and
     the Restated Citibank Operative Documents, and Reorganized
     AMERCO will, on the Effective Date of the Plan, execute and
     deliver the New Citibank Guaranty.  Under the Restated
     Citibank Master Lease and the Restated Citibank Operative
     Documents, the maturity date of the synthetic lease facility
     will be extended for a period of five years after the
     Effective Date and the Base Rent will be increased to ___ %
     of the existing Base Rent.

   * Carey Sale Transaction does not close and holders of
     Citibank Claims vote to reject the Plan.

     The Debtors reserve the right, in their sole discretion,
     either to:

     (a) surrender to the Citibank Claimholders all of their
         right, title and interest in and to the Citibank
         Properties in full and final the Citibank Properties
         in full and final satisfaction of all Claims arising
         under or related to the Citibank Master Lease and the
         Citibank Operative Documents, together with Cash in an
         amount equivalent to the Unsecured Deficiency Claim,
         if any Claim exists, of the Citibank Claimholders as
         determined by a Final Order of the Court pursuant to
         the Citibank Valuation Hearing;

     (b) provide for the treatment of the Citibank Claims in
         accordance with the alternative treatment set forth in
         the Plan; or

     (c) provide other treatment of the Citibank Claims that
         complies with Section 1129(b) of the Bankruptcy Code.

     If the Court determines, as part of the Citibank Valuation
     Hearing, that the value of the Citibank Properties exceeds
     the amount of the Allowed Citibank Claims, and the Debtors
     selected the alternative treatment set forth in the Plan,
     the holders of the Citibank Claims will pay in Cash to the
     Debtors the amount of the excess value.

Class 4 -- BMO Claims

   This Class is impaired and entitled to vote, subject to
   alternative treatment.  The Debtors estimate the total amount
   of the Class 4 Claims to reach $149,000,000.  Class 4
   Claimants will recover 100% of their Claims.

   BMO Claims arise out of a synthetic lease facility with AREC
   and U-Haul.  AMERCO guaranteed the BMO Claims.  The Debtors
   are actively pursuing the Carey Sale Transaction, which, if
   consummated, would involve a sale of the real property
   subject to the synthetic lease facility, and payment in full
   of the BMO Claims.  There can be no assurance that the Carey
   Sale Transaction will be consummated prior to the Effective
   Date of the Plan.  Thus, the Plan provides for alternative
   treatments of the BMO Claims similar to the Citibank Claims,
   each of which will be in full and final satisfaction of the
   BMO Claims.

Class 5 -- Other Unsecured Claims

   This Class is unimpaired and deemed to accept the Plan.  The
   Debtors have not finalized its estimate for the total amount
   of Class 5 Claims.  Class 5 Claimants are expected to recover
   100% of their Claims.

   Other Unsecured Claims include any and all Claims against the
   Debtors as of the Petition Date not secured by a charge
   against, an interest in or lien on property in which a
   Debtor's Estate has an interest or that is subject to set-off
   under Section 553 of the Bankruptcy Code.  The Debtors
   believe that Class 5 Claims are comprised primarily of the
   contingent and unliquidated Claims of RepWest, when and if
   those Claims become Allowed Claims.  Each holder of an
   Allowed Other Unsecured Claim, including the Claims of
   RepWest, once they become Allowed Claims, will receive the
   payment of Cash equal to the amount of the holder's Allowed
   Class 5 Other Unsecured Claim upon the later to occur of:

   (a) the Effective Date,

   (b) the date upon which the Allowed Other Unsecured Claim
       would be paid in the ordinary course of the Debtors' or
       Reorganized Debtors' business, or

   (c) other date as the holder of the Allowed Class 5 Other
       Unsecured Claim will agree.

Class 6 -- AREC Note Claims

   This Class is impaired and entitled to vote.  The Debtors
   estimate that the total amount of Class 6 Claims is
   $100,000,000.  Class 6 Claimants are expected to recover 100%
   of their Claims.

   AREC Note Claims are general unsecured claims arising under,
   from or relating to:

   (a) the $95,000,000 original principal amount of Senior
       Secured Notes, Series A, due April 30, 2012; and

   (b) the $5,000,000 original principal amount of Senior Notes,
       Series B, due April 30, 2007.

   AMERCO guaranteed the AREC Note Claims.  Subject to the
   Debtors' compliance with the disclosure and solicitation
   provisions of Section 1125, the holders of the AREC Note
   Claims agreed to vote to accept the Plan.  On the Effective
   Date, the AREC Note Claimholders will receive, in full
   satisfaction, settlement, release, and discharge of, and in
   exchange for, their AREC Note Claims, a Pro Rata portion of:

   (a) $65,000,000 Cash;

   (b) Cash in an amount equal to the sum of:

       (1) any and all accrued but unpaid interest on the AREC
           Notes from October 15, 2002 up to but not including
           the AREC Petition Date, payable at the default rate
           of interest under the AREC Notes, and

       (2) any and all accrued and unpaid interest under the
           AREC Notes from the AREC Petition Date up to but not
           including the Effective Date, payable at the non-
           default rate of interest under the AREC Notes;

   (c) $18,600,000 in aggregate principal amount of the New Term
       Loan A Notes issued pursuant to the Exit Financing
       Facility; and

   (d) $16,400,000 in aggregate principal amount of the New Term
       Loan B Notes issued pursuant to the New Term Loan B Notes
       Indenture.

   If the Debtors do not comply with the syndication terms in
   the Restructuring Agreement (AREC Noteholders) by arranging
   for the placement of at least $20,000,000 in New Term Loan B
   Notes to unrelated third party market participants, the
   holders of the AREC Note Claims will receive an additional
   $16,400,000 in New Term Loan A Notes in lieu of any
   distribution of New Term Loan B Notes, which will result in a
   reduction of the amount of Cash to be paid to the holders of
   Allowed Claims in Class 7 under the Plan.

Class 7 -- Amerco Unsecured Claims

   This Class is impaired and entitled to vote.  The Debtors
   estimate that the total amount of Class 7 Claims is
   $710,000,000.  Class 7 Claimants are expected to recover 100%
   of their Claims.

   AMERCO Unsecured Claims include any Claim arising under, from
   or relating to:

   (a) the AMERCO Notes;

   (b) the BBATs;

   (c) the Terminated Swaps;

   (d) the JPMorgan Support Party Obligation; and

   (e) Postpetition Interest on the AMERCO Unsecured Claims, but
       only to the extent the Court determines that the
       Postpetition Interest will be included as an Allowed
       Class 7 Claim.

   Upon the occurrence of the Effective Date, each holder of
   Allowed AMERCO Unsecured Claim will receive, in full
   satisfaction, settlement, release, and discharge of, and in
   exchange for, the AMERCO Unsecured Claims the holder's Pro
   Rata portion of:

   (a) Cash, equal to $143,000,000, provided, however,
       that the amount of Cash will be increased by the same
       amount, if any, by which the principal amount of New Term
       Loan B Notes distributed to the AMERCO Unsecured
       Claimholders is less than $200,000,000;

   (b) the SAC Holding Senior Notes;

   (c) the New Term Loan B Notes in the principal amount of
       $200,000,000, provided, however, that the amount of the
       New Term Loan B Notes distributed to the AMERCO Unsecured
       Claimholders will be decreased by the same amount, if
       any, of the New Term Loan B Notes distributed to the AREC
       Note Claimholders and the holders of the JPMorgan Claims
       as a result of the satisfaction by the Debtors of the
       JPMorgan Syndication Terms and the AREC Syndication Terms
       as provided in the Plan; and

   (d) the New AMERCO Notes.

Class 8 -- Oxford Claims

   This Class is unimpaired and deemed to accept the Plan.  The
   Debtors estimate that the total amount of Class 8 Claims is
   $17,500,000.  Class 8 Claimants are expected to recover 100%
   of their Claims.

   Oxford Claims include all Claims arising under, from or
   relating to the financial accommodations made available to
   AMERCO by Oxford as evidenced by:

   (a) a $15,000,000 Promissory Note, dated June 27, 2002,
       issued by AMERCO to Oxford;

   (b) a $1,700,000 Promissory Note, dated June 27, 2002,
       issued by AMERCO to Christian Fidelity Life Insurance
       Company; and

   (c) a $800,000 Promissory Note, dated June 27, 2002, issued
       by AMERCO to North American Insurance Agency.

   On the Effective Date, the Allowed Oxford Claims will be paid
   in full, in Cash.

Class 9 -- Intercompany Claims

   This Class is unimpaired and deemed to accept the Plan.  The
   Plan will not alter, impair or discharge any of the Allowed
   Intercompany Claims.

Class 10 -- Preferred Stock Interests

   This Class is unimpaired and deemed to accept the Plan.  The
   Plan will not alter, impair or discharge any of the Allowed
   Preferred Stock Interests.

Class 11 -- Existing Common Stock and Other Interests

   This Class is unimpaired and deemed to accept the Plan.  The
   Plan will not alter, impair or discharge any of the Allowed
   Intercompany Claims.

The Debtors believe that they have classified all Claims and
Interests in compliance with the requirements of the Bankruptcy
Code.  If a Creditor or Interest holder challenges the proposed
classification of Claims or Interests and the Bankruptcy Court
finds that a difference classification is required for the Plan
to be confirmed, the Debtors, to the extent permitted by the
Bankruptcy Court, intend to make reasonable modifications of the
classifications of Claims or Interests under the Plan to provide
for whatever classification might be required by the Bankruptcy
Court for confirmation. (AMERCO Bankruptcy News, Issue No. 9;
Bankruptcy Creditors' Service, Inc., 609/392-0900)


AMERICAN SEAFOODS: Extends Tender Offer for 10-1/8% Sr. Notes
-------------------------------------------------------------
American Seafoods Group LLC and American Seafoods Finance, Inc.
announced that, as part of their previously announced tender offer
and consent solicitation for their outstanding 10-1/8% Senior
Subordinated Notes due 2010, they are extending the tender offer
expiration date. The tender offer, which had been set to expire at
12:00 midnight, New York City time, on Friday, October 10, 2003,
will be extended to 5:00 p.m., New York City time, on Friday,
October 24, 2003, unless extended by American Seafoods.

The consent expiration date was 5:00 p.m., New York City time, on
September 26, 2003. Holders who desired to receive the consent
payment and the tender offer consideration must have both validly
consented to the proposed amendments and validly tendered their
Notes pursuant to the offer on or prior to the consent expiration
date. Holders who validly tender their Notes after the consent
expiration date will receive the tender offer consideration, which
is $1,170.00 per $1,000 principal amount of Notes, but not the
consent payment. As of the close of business on September 26,
2003, which was the consent expiration date and the last day on
which validly tendered Notes could have been withdrawn, American
Seafoods had received the requisite consents to the proposed
amendments to the Indenture governing the Notes. Consequently, the
proposed amendments were incorporated in the Third Supplemental
Indenture, which was executed and delivered on September 26, 2003,
by and among American Seafoods Group LLC, American Seafoods
Finance, Inc., the guarantors listed on Schedule A thereto and
Wells Fargo Bank Minnesota, National Association, as trustee. The
proposed amendments to the indenture, which will not become
operative unless and until the Notes are accepted for purchase by
American Seafoods, will eliminate substantially all of the
restrictive covenants, certain repurchase rights and certain
events of default and related provisions contained in such
indenture.

As of October 9, 2003, approximately $174.93 million of the $175.0
million outstanding principal amount of the Notes had been validly
tendered and not withdrawn.

Consummation of the offer is subject to certain conditions,
including consummation of certain financing transactions
contemplated by the registration statement on Form S-1
(Registration no. 333-105499) filed with the Securities and
Exchange Commission by American Seafoods Corporation, an affiliate
of American Seafoods Group LLC and American Seafoods Finance, Inc.
Subject to applicable law, American Seafoods Group LLC and
American Seafoods Finance, Inc. may, in their sole discretion,
waive or amend any condition to the offer or solicitation, or
extend, terminate or otherwise amend the offer or solicitation.

Credit Suisse First Boston, or CSFB, is the dealer manager for the
offer and the solicitation agent for the solicitation. MacKenzie
Partners, Inc. is the information agent and Wells Fargo Bank
Minnesota, National Association is the depositary in connection
with the offer and solicitation. The offer and solicitation are
being made pursuant to the Offer to Purchase and Consent
Solicitation Statement, dated September 15, 2003, and the related
Consent and Letter of Transmittal, each as modified by American
Seafoods' press release, dated September 24, 2003, collectively
set forth the complete terms of the offer and solicitation. Copies
of the Offer to Purchase and Consent Solicitation Statement and
related documents may be obtained from MacKenzie Partners, Inc. at
212-929-5500. Additional information concerning the terms of the
offer and the solicitation may be obtained by contacting CSFB at
1-800-820-1653. Copies of the registration statement may be
obtained from the Securities and Exchange Commission's Internet
site. The site's Internet address is http://www.sec.gov

American Seafoods (S&P, BB- Corporate Credit Rating, Positive),
headquartered in Seattle, Washington, is the largest harvester and
at-sea processor of pollock and the largest processor of catfish
in the United States.


AMES DEPARTMENT: Gets Nod to Complete Asset Sale to PDMS Realty
---------------------------------------------------------------
No other bid was received for the Ames Department Stores'
Monroeville Property.  The Debtors declared PDMS Realty
Monroeville's $1,700,000 offer as the highest and best bid
received.

Accordingly, Judge Gerber authorizes the Debtors to consummate
the Sale to PDMS pursuant to the Purchase Agreement.  The Debtors
are also permitted to assume the IDA Lease.  The Debtors will
also assume the Easements Agreement and assign them to PDMS.

Ames Department Stores, Inc., and its debtor-affiliates lease 8.25
acres of land with 67,557 square feet of rentable space under a
May 15, 1978 lease with the McKeesport Industrial Development
Authority.  The Real Property is located at 5070 William Penn
Highway in Monroeville, Pennsylvania.  The Debtors formerly used
the premises as an Ames store.  They own all personal property
located at the store.

The Debtors and PDMS entered into a Purchasing Agreement with
respect to the Monroeville Property.  The substantive terms and
conditions of the Purchase Agreement are:

(1) Assets to be Purchased:

    * the Land and the Improvements and all easements, tenements,
      hereditaments, rights, licenses, privileges and
      appurtenances belonging or relating to, together with all
      of Ames Realty's right, title and interest in and to any
      streets, roads, alleys or other public ways adjoining or
      serving the Land; and

    * all equipment and furnishings and all other tangible
      personal property owned by Ames Realty and located on the
      Premises on the Closing Date.

(2) IDA Lease Termination

    As of the Closing, the Debtors, in accordance with Section
    365(a) of the Bankruptcy Code, will assume the IDA Lease and
    in accordance with the terms of the IDA Lease, immediately
    cause it to be terminated and the fee title to the Real
    Property to be conveyed and transferred by the IDA to Ames
    Realty in accordance with the terms and conditions of the IDA
    Lease.

(3) Easements Agreement

    Ames Realty is a party to a certain Agreement and Grant of
    Easements, Restrictions and Covenants Running with the Land,
    dated January 31, 1970, which applies to certain reciprocal
    parking and other rights at the Real Property and adjoining
    properties.  As part of the Approval Order:

    * The Easements Agreement will be deemed in full force and
      effect and nothing in the Easements Agreement imposes any
      monetary obligation on the Debtors' part to any other
      party;

    * Pursuant to Sections 365(a) and (f) of the Bankruptcy Code,
      the Easements Agreement will be assumed by Ames Realty and
      assigned to PDMS; and

    * All Easement Parties are estopped from asserting that the
      Easements Agreement is not in full force and effect and
      that PDMS is not, by virtue of the assignment by the
      Debtors, a party to the agreement entitled to all rights,
      Benefits and remedies.

(4) Purchase Price

    The Purchase Price for the Property is $1,700,000 payable in
    cash as:

    * an $85,000 deposit will be delivered by PDMS to the
      Debtors upon the execution of the Purchase Agreement; and

    * the balance, $1,615,000, will be paid in cash at the
      Closing, subject to prorations and adjustments as may
      be provided under the Purchase Agreement.

(5) Closing

    Closing on the sale of the Property to PDMS is to occur 15
    days after the Approval Order has been entered, but in no
    event later than 75 days after the date of the Purchase
    Agreement.

(6) No Representations or Warranties

    The Property is being sold to PDMS on an "as is, where is"
    basis.  The Purchase Agreement contains the customary
    representations contained in real estate transactions. (AMES
    Bankruptcy News, Issue No. 44; Bankruptcy Creditors' Service,
    Inc., 609/392-0900)


APARTMENT INVESTMENT: Fitch Affirms Preferreds Rating at BB+
------------------------------------------------------------
Fitch Ratings has affirmed its 'BB+' rating of approximately $1.0
billion of preferred stock issued by Apartment Investment and
Management Company. Fitch has also affirmed its 'BBB-' rating for
AIMCO's $500 million bank credit facility. Fitch's Rating Outlook
is revised to Negative from Stable. AIMCO, an $11 billion (total
market capitalization) Denver-based equity real estate investment
trust (REIT), is the country's largest owner/manager (as measured
by units) of multifamily rental properties.

Fitch's ratings continue to reflect AIMCO's asset and geographic
diversification encompassing 313,000 units spanning 47 states,
modest exposure to development risk (construction in progress
represents 3% of the company's total assets), demonstrated access
to mortgage capital and an active program of culling the portfolio
of low yielding assets in favor of newer assets in high barrier to
entry markets (i.e. Los Angeles, Boston, and New York).
Additionally, AIMCO's assets span virtually all price points with
ownership of class A through C communities with a focus on the
class B product. The class B product has proven more resilient in
this current economic cycle catering to 'renters by necessity' as
evidenced by AIMCO's occupancy above 90% during this more
challenged multifamily market. Further information regarding
Fitch's view of the multifamily sector can be found in Fitch
Ratings' 'Outlook for Multifamily REITs The Perfect Storm
Continues' published May 28, 2003.

Fitch's primary ratings concern is the continued pressure on
property fundamentals, operating performance and credit statistics
due to macro-economic challenges. AIMCO's debt service protection
measures continue to reflect the current weak operating
environment with earnings before interest, taxes, depreciation and
amortization coverage of total interest expense (which includes
capitalized interest) sliding to a low of 2.2 times as of June 30,
2003 with overall leverage (as measured by comparing total debt to
undepreciated book capital) at 53.3%.

The Negative Rating Outlook reflects the downward trend in AIMCO's
credit statistics. The company's EBITDA-to-total interest expense
coverage ratio has deteriorated from a high of 2.8x at December
31, 2001 to 2.2x for the current quarter and below the company's
historical average of 2.5x coverage. Additionally, fixed charge
coverage has experienced similar deterioration moving from an
average of 1.8x coverage to 1.6x. As these credit statistics have
been declining overtime, leverage has been creeping up quarter
over quarter to a high of 54.1% in the first quarter of 2003. The
company's current leverage is over 200 basis points above its long
term average.

Apartment Investment and Management Company (AIMCO), a Maryland
corporation incorporated on January 10, 1994, owns a majority of
the ownership interests in AIMCO Properties, L.P. (AIMCO OP)
through its wholly owned subsidiaries, AIMCO-GP, Inc. and AIMCO-
LP, Inc. AIMCO, an S&P 500 company, is a $10.8 billion (total
market capitalization) equity REIT and one of the largest
owner/managers of multifamily properties in the United States. As
of June 30, 2003, the Company owned a controlling equity interest
in 182,566 units in 713 properties, owned a non-controlling equity
interest in 69,961 units in 477 properties of which 61,494 units
were also managed by the Company, and provided services or
managed, for third party owners, 53,576 units in 537 properties,
primarily pursuant to long-term agreements (including 41,625 units
in 433 properties that are asset managed only, and not property
managed).


ARMSTRONG: US Trustee Takes Action to Block Plan Confirmation
-------------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
asks  Judge Newsome not to confirm Armstrong World Industries'
Plan.

Frank J. Perch, III, Esq., Assistant United States Trustee notes
that the Plan provides that objections to claims after
confirmation of the Plan will be handled in accordance with the
Claims Settlement Procedures in the Plan.  The Claims Settlement
Procedures permits Reorganized AWI to settle and pay any
Administrative Expense Claims without any notice or court
approval.  Although the Claims Settlement Procedures exempt
professional fees from this provision, it is unclear whether the
term "professional fees" encompasses other types of administrative
claims in which the U.S. Trustee may have an interest, like claims
for committee member fees or expenses, indenture trustee fees or
expenses, "substantial contribution" awards or other claims under
Section 503(b) of the Bankruptcy Code.

The U.S. Trustee objects to confirmation of the Plan on the
grounds that the Plan is contrary to law unless the Plan is
amended or clarified to preserve the U.S. Trustee's rights to
notice and opportunity to be heard under Sections 307 and 502(a)
of the Bankruptcy Code.

The U.S. Trustee further objects to the provisions of the Plan
regarding the payment of indenture trustee fees and expenses to
the extent that the Plan contemplates the payment of fees and
expenses of indenture trustees without requiring the indenture
trustees to meet the requirements and standards of the relevant
provisions of Section 503(b) of the Bankruptcy Code. (Armstrong
Bankruptcy News, Issue No. 48; Bankruptcy Creditors' Service,
Inc., 609/392-0900)


BEEFTOWN FEEDLOTS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: BeefTown Feedlots, LLC
        527 West Platte Ave.
        Fort Morgan, Colorado 80701

Bankruptcy Case No.: 03-29595

Chapter 11 Petition Date: October 1, 2003

Court: District of Colorado (Denver)

Judge: Howard R. Tallman

Debtor's Counsel: David M. Miller, Esq.
                  Kutner Miller Kearns, PC
                  303 E. 17th Ave.
                  Suite 500
                  Denver, CO 80203
                  Tel: 303-832-2400

Estimated Assets: $1 Million to $10 Million

Estimated Debts: $1 Million to $10 Million

Debtor's 20 Largest Unsecured Creditors:

Entity                                            Claim Amount
------                                            ------------
Land O'Lakes Farmland                                  $75,243

S&B Grain Company                                      $31,394

B&D Investments                                        $30,000

ConAgra, Inc.                                           $7,682

Denver Drilling Co.                                     $4,008

BGL Livestock Trucking, LLC                             $3,652

Commodities Marketing, Inc.                             $2,227

Edco Trucking                                           $1,705

Elan Financial Services                                 $1,685

AgPro Environmental Services                            $1,632

GWB Welding, Inc.                                       $2,345

Mohrtangs Manufacturing, Inc.                           $1,326

Colorado Livestock Assn.                                $1,125

Lextron, Inc.                                             $941

Scott Aviation                                            $840

Beaver Creek Veterinary Clinic                            $781

Farmland Corp                                             $593

Gibbens Cattle & Hay Hauling                              $180


CHANNEL MASTER: Seeking Nod to Appoint Trumbull as Claims Agent
---------------------------------------------------------------
Channel Master Holdings, Inc., and its debtor-affiliates are
asking the U.S. Bankruptcy Court for the District of Delaware to
approve their application employing The Trumbull Group, LLA as
Claims, Noticing and Balloting Agent of the Bankruptcy Court.

The Debtor reports more than 200 creditors, potential creditors
and other parties in interest to whom certain notices, including
notice of the commencement of theses chapter 11 cases, and voting
documents, must be sent. To relieve the office of the Clerk of the
Bankruptcy Court for the District of Delaware to accomplish the
process of receiving, docketing, maintaining, photocopying and
transmitting proofs of claim in this case is for it to engage an
independent third party to act as an agent of the Court.

In its capacity as Claims Agent, Trumbull Group will:

     a) prepare and serve required notices in these chapter 11
        cases, including:

          i) a notice of the commencement of these chapter 11
             cases and the initial meeting of creditors under
             section 341 (a) of the Bankruptcy Code;

         ii) a notice of the claims bar date;

        iii) notices of objections to claims;

         iv) notices of any hearings on a disclosure statement
             and confirmation of a plan or plans of
             reorganization; and

          v) such other miscellaneous notices as the Debtors or
             Court may deem necessary or appropriate for an
             orderly administration of these chapter 11 cases;

     b) within five business days after the service of a
        particular notice, file with the Clerk's Office a
        certificate or affidavit of service that includes:

          i) a copy of the notice served,

         ii) an alphabetical list of persons on whom the notice
             was served, along with their address, and

        iii) the date and manner of service;

     c) maintain copies of all proofs of claim and proofs of
        interest filed in these cases;

     d) maintain official claims registers in this case by
        docketing all proofs of claim and proofs of interest in
        a claims database that includes the following
        information for each such claim or interest asserted:

          i) the name and address of the claimant or interest
             holder and any agent thereof, if the proof of claim
             or proof of interest was filed by an agent;

         ii) the date the proof of claim or proof of interest
             was received by Trumbull and/or the Court;

        iii) the claim number assigned to the proof of claim or
             proof of interest; and

         iv) the asserted amount and classification of the
             claim;

     e) implement necessary security measures to ensure the
        completeness and integrity of the claims registers;

     f) transmit to the Clerk's Office a copy of the claims
        registers on a weekly basis, unless requested by the
        Clerk's Office on a more or less frequent basis;

     g) maintain an up-to-date mailing list for all entities
        that have filed proofs of claim or proofs of interest
        and make such list available upon request to the Clerk's
        Office or any party in interest;

     h) provide access to the public for examination of the
        proofs of claim or proofs of interest filed in this case
        without charge during regular business hours;

     i) record all transfers of claims pursuant to Rule 3001(e)
        and provide notice of such transfers as required by Rule
        3001(e), if directed to do so by the Court;

     j) comply with applicable federal, state, municipal and
        local statues, ordinances, rules, regulations, orders
        and other requirements;

     k) provide temporary employees to process claims, as
        necessary;

     l) promptly comply with such further conditions and
        requirements as the Clerk's Office or the Court may at
        any time prescribe; and

     m) provide such other claims processing, noticing,
        balloting, and relating administrative services as may
        be requested from time to time by the Debtors.

Lorenzo Medizabal, President of Trumbull Group, reports that his
firm will be compensated with their current standard rates in this
retention:

          Administrative Support          $50 per hour
          Assistant Case Management/
            Data Specialist               $65 to $80 per hour
          Case Manager                    $110 to $125 per hour
          Automation Consultant           $140 to $160 per hour
          Sr. Automation Consultant       $165 t $185 per hour
          Consultant                      $175 to $225 per hour
          Sr. Consultant                  $230 to $300 per hour

Headquartered in Smithfield, North Carolina, Channel Master
Holdings, Inc., with the Debtor-affiliates, are leading designer
and manufacturer of high-volume, superior quality antenna products
for the satellite communications industry both in the U.S. and
internationally.  The Company filed for chapter 11 protection on
October 2, 2003 (Bankr. Del. Case No. 03-13004). David B.
Stratton, Esq., at Pepper Hamilton LLP represents the Debtors in
their restructuring efforts.  When the Company filed for
protection from its creditors, it listed estimated debts and
assets of over $50 million each.


CHC INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: CHC Industries, Inc
        P. O. Box 9100
        Palm Harbor, Florida 34682
        fka Cleaners Hanger Company

Bankruptcy Case No.: 03-20775

Type of Business: Manufacture and distribution of steel wire coat
                  hangers

Chapter 11 Petition Date: October 6, 2003

Court: Middle District of Florida (Tampa)

Judge: Paul M. Glenn

Debtor's Counsel: Scott A. Stichter, Esq.
                  Stichter, Riedel, Blain & Prosser, PA
                  110 E. Madison St., # 200
                  Tampa, FL 33602
                  Tel: 813-229-0144
                  Fax: 813-229-1811

Total Assets: $25,000,000

Total Debts: $20,000,000

Debtor's 20 Largest Unsecured Creditors:

Entity                                            Claim Amount
------                                            ------------
Ispat of America                                    $7,122,588
3429 Collection Center Drive
Chicago, IL 60693

Sonoco Products                                       $478,888
PO Box 281728
Atlanta, GA 30384-1728

Jamestown Print Company                               $285,920
108 Main Street
Jamestown, PA 16134

Georgia Pacific Corp.                                 $249,580

Baltimore County Maryland                             $175,846

AON Risk Services, Inc.                               $140,400

Holland & Knight                                      $139,000

Ferrostaal Metals                                     $130,373

Pavsner Press, Inc.                                   $124,514

Georgetown Steel                                      $119,000

Ryder Transportation Services, Inc.                   $114,860

Gerdau Ameristeel                                     $109,687

Metro Supply Company                                   $81,363

Allen Lund Freight Company                             $76,385

Blue Cross/Blue Shield                                 $66,706

Warehouse Employees Local 570                          $64,468

Personnel Service                                      $55,923

Relizon Company, The                                   $50,106

City of Brenham                                        $45,651

L&P Financial Services                                 $34,677


CHESAPEAKE CROSSING: First Creditors' Meeting Slated for Nov. 3
---------------------------------------------------------------
The United States Trustee will convene a meeting of Chesapeake
Crossing Associates, LLC's creditors on November 3, 2003, 11:00
a.m., at Office of the U.S. Trustee, 200 Granby Street, Room 617,
Norfolk, Virginia 23510. This is the first meeting of creditors
required under 11 U.S.C. Sec. 341(a) in all bankruptcy cases.

All creditors are invited, but not required, to attend. This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Headquartered in Norfolk, Virginia, Chesapeake Crossing
Associates, LLC filed for chapter 11 protection on October 1, 2003
(Bankr. E.D. Va., Case No. 03-76908).  Frank J. Santoro, Esq., and
Karen M. Crowley, Esq., at Marcus, Santoro & Kozak, P.C. represent
the Debtor in its restructuring efforts.  When the Company filed
for protection from its creditors, it listed estimated assets of
over $1 million and debts of over $10 million.


COEUR D'ALENE: Ed Bugos Highlights Coeur D'Alene Mines Stock
------------------------------------------------------------
Gold seems to have taken a back seat during the market's rally,
but Ed Bugos says it's still the place to be in the long run.
Learn about several stocks in this space through this expert's
market summary. Read about Goldcorp (NYSE:GG), Newmont (NYSE:NEM),
Anglo (NYSE:AU), Coeur D'Alene (NYSE:CDE), Hecla Mining (NYSE:HL),
and Agnico Eagle (NYSE:AEM). Click here for the full story
exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/

Here are the highlights from the Featured Expert column:

The month of September was good to Ed Bugos' positions overall.
All of his trades looked timely: the reduction in his gold equity
exposure at the end of August in exchange for a short position
against the broad market, as well as the concomitant increase in
the bullion longs looked like the right recipe - up until last
week at any rate. The strength in global share prices in the
opening days of October, and the mini-liquidation in gold and
silver last week are weighing on Bugos' outlook now, however. But
his basic targets are intact, and so he's comfortable with his
positions into year end.

Goldcorp's (NYSE:GG) discovery of more gold at Red Lake last month
awarded a little more scope to its growth potential. And both
Newmont (NYSE:NEM) and Anglo (NYSE:AU) have been chart leaders.
Newmont has even been a performance leader at various points.

One reason for the lag in performance is that the HUI includes
silver stocks Coeur D'Alene (NYSE:CDE) and Hecla mining (NYSE:HL),
as well as stocks like Freeport, Goldenstar, and Bema.

These five stocks are up an average 110% over six months - almost
twice the HUI's gain. Meanwhile, Agnico Eagle (NYSE:AEM) has
occupied the bottom ten percentile of the performance rankings of
about 80 global gold stocks consistently over the past year.
However, as discussed in an earlier issue, Bugos is confident the
company will regain its share premium just as soon as the market
sees its growth path is back on track.

Learn how to make gold work for you with Ed Bugos' complete
summary and outlook by clicking:

       http://featuredexpert3bw.zacks.com/

To be a successful investor you need professional advice. Experts
who know what they're talking about and can help you achieve your
financial goals in good markets...and especially in bad ones will
help you improve your portfolio. That is why Zacks Investment
Research has assembled the best investment experts in the business
to offer their powerful advisory newsletters to you on all the
major investment topics: Stocks, Mutual Funds, Bonds, Options,
Futures etc.

Zacks.com is a property of Zacks Investment Research, Inc., which
was formed in 1978 to compile, analyze, and distribute investment
research to both institutional and individual investors. The
guiding principle behind our work is the belief that investment
experts, such as brokerage analysts and investment newsletter
writers, have superior knowledge about how to invest successfully.
Our goal is to unlock their profitable insights for our customers.
And there is no better way to enjoy this investment success, than
with a FREE subscription to "Profit from the Pros" weekly e-mail
newsletter. For your free newsletter, visit
http://www.freeprofitbw.zacks.com

Zacks Investment Research is under common control with affiliated
entities (including a broker-dealer and an investment adviser),
which may engage in transactions involving the foregoing
securities for the clients of such affiliates.

                              *    *    *

As reported in Troubled Company Reporter's October 8, 2003
edition, Standard & Poor's Ratings Services revised its outlook on
silver and gold mining company Coeur D'Alene Mines Corp., to
positive from negative following the company's recently completed
equity sale.

At the same time, Standard & Poor's affirmed its 'CCC' corporate
credit rating on the company. The Coeur D'Alene, Idaho-based
company currently has about $19 million in total debt.


CONSOL ENERGY: Largest Shareholder Closes Sale of 27-Mil. Shares
----------------------------------------------------------------
CONSOL Energy Inc.'s (NYSE: CNX) largest shareholder, RWE of
Essen, Germany, closed on a previously announced sale of 27.3
million shares of its 43.9 million shares of CONSOL Energy common
stock in a private placement sale.

RWE now holds 16.6 million shares of CONSOL Energy common stock,
or 18.5% of the 89.8 million shares of common stock outstanding.

On September 23 and 24, 2003, RWE closed on a previously announced
sale of 14.1 million shares of CONSOL Energy common stock,
reducing its initial majority interest from 73.6% to 48.9%.  On
the same dates, CONSOL Energy closed on a previously announced
sale of 11.0 million primary shares of its common stock,
increasing the total shares of common stock outstanding to 89.8
million.

The shares of common stock offered have not been registered under
the Securities Act of 1933 and may not be offered in the United
States absent registration or an applicable exemption from
registration requirements.

CONSOL Energy Inc. (S&P, BB+/B Corporate Credit Rating, Stable) is
the largest producer of high-Btu bituminous coal in the United
States, and the largest exporter of U.S. coal. CONSOL Energy has
20 bituminous coal mining complexes in seven states and in
Australia.  In addition, the company is one of the largest U.S.
producers of coalbed methane, with daily gas production of
approximately 135 million cubic feet. The company also produces
electricity from coalbed methane at a joint-venture generating
facility in Virginia. CONSOL Energy has annual revenues of $2.2
billion. It received a U.S. Environmental Protection Agency 2002
Climate Protection Award, and received the U.S. Department of the
Interior's Office of Surface Mining 2002 National Award for
Excellence in Surface Mining for the company's innovative
reclamation practices in southern Illinois. Additional
information about the company can be found at its Web site:
http://www.consolenergy.com


CONSTELLATION BRANDS: Appoints Philippa Dworkin SVP of Comms.
-------------------------------------------------------------
Constellation Brands, Inc., a leading beverage alcohol company,
announced that Philippa Dworkin has joined the company as senior
vice president, corporate communications. Her primary
responsibilities include overseeing the planning and execution of
Constellation's corporate communications and investor relations
strategies.

"I am very pleased that Philippa has joined our team," said
Constellation Chairman and Chief Executive Officer Richard Sands.
"Her experience as a corporate communicator and expertise in the
beverage industry will be invaluable as Constellation continues
its growth trajectory."

Dworkin was previously vice president, corporate communications
for Dr.Pepper/Seven Up, Inc., and Mott's Inc., both subsidiaries
of Cadbury Schweppes plc, where she was responsible for all
external and internal communications. Prior to that, Dworkin was
with Tenneco Packaging and Santa Fe Pacific Corporation in
Illinois.

Constellation Brands, Inc. (S&P, BB Corporate Credit and Senior
Unsecured Debt Ratings) is a leading international producer and
marketer of beverage alcohol brands, with a broad portfolio across
the wine, spirits and imported beer categories.  The Company is
the largest multi-category supplier of beverage alcohol in the
United States; a leading producer and exporter of wine from
Australia and New Zealand; and both a major producer and
independent drinks wholesaler in the United Kingdom.  Well-known
brands in Constellation's portfolio include: Corona Extra,
Pacifico, St. Pauli Girl, Black Velvet, Fleischmann's, Mr. Boston,
Estancia, Simi, Ravenswood, Blackstone, Banrock Station, Hardys,
Nobilo, Alice White, Vendange, Almaden, Arbor Mist, Stowells and
Blackthorn.


CROWN CASTLE: Completes $1.6 Billion Amended Credit Facility
------------------------------------------------------------
Crown Castle International Corp. (NYSE: CCI) has completed an
amended $1.6 billion credit facility for its restricted group
operating company and has made certain changes to its capital
structure.

Crown Castle also announced the completion of its negotiations in
the UK with British Telecommunications plc to eliminate $48
million of site acquisition obligations and with Hutchison 3G UK
Limited to amend the minimum site commitment under the agreements
with 3.

Under the terms of the amended bank agreement, the Opco Facility
is comprised of a $192.5 million Term A loan, a $1.1 billion Term
B loan and an unfunded $350 million revolving credit facility.
The amended facility increased the Term B loan by $702 million,
extended the Term B loan maturity from March 2008 to September
2010, reduced the Term A loan by $100 million and reduced the
revolving credit facility commitment by $150 million.  Crown
Castle also designated its UK subsidiary as a restricted
subsidiary, as defined in Crown Castle's bond indentures and Opco
Facility.  Crown Castle will repay the outstanding balance of its
UK senior credit facility and redeem its UK 9% Guaranteed Bonds
due 2007 ($99.2 million and $206.6 million outstanding at June 30,
2003, respectively).  Crown Castle intends  to use the excess
proceeds of approximately $300 million from the new Term B loan to
purchase certain of its higher coupon senior securities.

"We continue to accomplish financial initiatives that reduce total
interest expense and lower our overall cost of capital," stated W.
Benjamin Moreland, Crown Castle's Chief Financial Officer.  "This
leverage-neutral transaction simplifies our capital structure and
provides our restricted borrowing group access to the operating
cash flows of our UK subsidiary.  This transaction is an important
milestone as it increases our financial flexibility, extends bank
maturities, increases free cash flow, reduces near-term
amortization, and positions us favorably to take advantage of
anticipated refinancings of our callable securities next year.  In
addition, the positive response we received from our lenders
enabled us to borrow $100 million more than expected of Term B
loan, which we are using to pre-pay $100 million of the Term A
loan."

Additionally, Crown Castle's UK subsidiary, Crown Castle UK
Limited, has reached agreement with BT to amend certain provisions
of its agreements.  Under terms of its revised agreements with BT
and consistent with Crown Castle's previously provided guidance,
CCUK will not be required to make any further site access payments
to BT.

CCUK has also reached agreement with 3 to amend certain provisions
of its agreements.  Under terms of its revised agreements with 3,
CCUK has received a 1,350 minimum site commitment together with
confirmation that CCUK will continue to remain as 3's preferred
site provider in the UK for the deployment of third generation
sites.  Additional details of the revised agreements with 3 along
with the revised agreements with BT will be contained in a
Form 8-K to be filed with the Securities and Exchange Commission.

Crown Castle International Corp. (S&P, B- Corporate Credit Rating,
Stable Outlook) engineers, deploys, owns and operates
technologically advanced shared wireless infrastructure, including
extensive networks of towers and rooftops as well as analog and
digital audio and television broadcast transmission systems.  The
Company offers near-universal broadcast coverage in the United
Kingdom and significant wireless communications coverage to 68 of
the top 100 United States markets, to more than 95 percent of the
UK population and to more than 92 percent of the Australian
population.  Crown Castle owns, operates and manages over 15,500
wireless communication sites internationally.  For more
information on Crown Castle, visit: http://www.crowncastle.com


DATA TRANSMISSION: Intends to Hire Ordinary Course Professionals
----------------------------------------------------------------
Data Transmission Network Corporation and its debtor-affiliates
ask the U.S. Bankruptcy Court for the Southern District of New
York for authority to continue employing professionals they turn
to in the ordinary course of their businesses.

The Debtors' officers, in the day-to-day performance of their
duties, regularly call upon certain professionals, including
attorneys, accountants, consultants, insurance advisors, systems
professionals and other professionals to assist them in carrying
out their assigned responsibilities.

The Debtors submit that, in light of the additional costs
associated with the preparation of employment applications for
professionals who receive relatively small fees on a regular
basis, it is impractical and cost inefficient for the Debtors to
submit individual applications and proposed retention orders for
each of such professionals.

The Debtors want to any individual Ordinary Course Professional
amounts in excess of $25,000 for postpetition compensation and
reimbursement of postpetition expenses relating to any one- month
period or $200,000 in the aggregate during the pendency of the
Debtors' chapter 11 cases.

Headquartered in Omaha, Nebraska, Data Transmission Network
Corporation, delivers targeted time-sensitive information via a
comprehensive communications system, including: Internet,
Satellite, leased lines and other technologies.  The Company,
together with its debtor-affiliates filed for chapter 11
protection on September 25, 2003 (Bankr. S.D.N.Y. Case No.: 03-
16051). Jeffrey D. Saferstein, Esq., at Paul, Weiss, Rifkind,
Wharton & Garrison LLP represents the Debtors in their
restructuring efforts.  When the Company filed for protection from
its creditors, it listed estimated assets of more than $100
million and debts of over $50 million.


DIAL CORP: Board Declares Quarterly Divide Payable on January 22
----------------------------------------------------------------
The Board of Directors of The Dial Corporation (NYSE: DL) declared
a quarterly dividend of $0.09 per share on the Company's common
stock.

The dividend is payable on January 22, 2004 to stockholders of
record at the close of business on December 15, 2003.

The Dial Corporation, headquartered in Scottsdale, Ariz., is one
of America's leading manufacturers of consumer products, including
Dial(R) soaps, Purex(R) laundry detergents, Renuzit(R) air
fresheners and Armour(R) Star canned meats. Dial products have
been in the marketplace for more than 100 years. For more
information about The Dial Corporation, visit the Company's Web
site at http://www.dialcorp.com

                         *    *    *

As reported in Troubled Company Reporter's March 25, 2003 edition,
Standard & Poor's Ratings Services revised its rating outlook for
household products manufacturer Dial Corp., to positive from
stable. At the same time, Standard & Poor's affirmed its ratings
on Dial.

Total debt at Dec. 31, 2002, was about $458 million.

As previously reported, Standard & Poor's rates the Company's
$250,000,000 of 7% Notes due August 15, 2006, and $250,000,000
of 6-1/2% Notes sue September 15, 2008, in low-B territory.


DII INDUSTRIES: Exchange Offer for 7.6% DII Debentures Launched
---------------------------------------------------------------
Halliburton (NYSE: HAL) has commenced an offer to issue a like
amount of new 7.6% debentures due 2096 in exchange for outstanding
7.6% debentures due 2096 (CUSIP No. 261597AG3) of its subsidiary,
DII Industries, LLC.

As of the date hereof, the principal amount outstanding of the DII
Industries debentures is $300 million. Halliburton is making this
exchange offer only to qualified institutional buyers pursuant to
Rule 144A under the Securities Act of 1933, and persons outside
the United States pursuant to Regulation S under the Securities
Act. In connection with the exchange offer, DII Industries is
soliciting consents to amend the indenture governing the DII
Industries debentures in order to, among other things, eliminate
the bankruptcy-related events of default. The exchange offer will
expire at 5:00 p.m., New York City time, on November 7, 2003,
unless extended.

DII Industries is offering to make consent payments of $2.50 per
$1,000 principal amount tendered to holders who validly tender
their existing DII Industries debentures and thereby deliver their
consents on or prior to the consent payment deadline, which is
currently scheduled for October 24, 2003, at 5:00 p.m., New York
City time.

Holders of DII Industries debentures may give their consent to the
proposed amendments only by tendering their DII Industries
debentures in the exchange offer and will be deemed to have given
their consent by so tendering.

Halliburton, founded in 1919, is one of the world's largest
providers of products and services to the petroleum and energy
industries. The company serves its customers with a broad range of
products and services through its Energy Services and Engineering
and Construction Groups. The company's World Wide Web site can be
accessed at http://www.halliburton.com


DOMAN INDUSTRIES: Obtains CCAA Stay Extension Until November 27
---------------------------------------------------------------
Doman Industries Limited announced that the Supreme Court of
British Columbia issued an order Friday, in connection with
proceedings under the Companies Creditors Arrangement Act,
extending the stay of proceedings to November 27, 2003.

A copy of the order may be obtained by accessing the Company's Web
site at http://www.domans.com

In addition to extending the stay of proceedings, the order also
authorizes Doman to engage in a process, under the direction of
its financial adviser, UBS Securities LCC, and under the
supervision of the Monitor and direction of the Court, to solicit
proposals to refinance its existing indebtedness.

The key steps in the Refinancing Solicitation Process are as
follows:

- on or before October 13, 2003, UBS is to assist Doman to update
  its confidential information package for potential financing
  entities;

- on or before October 15, 2003, UBS will advise all Potential
  Investors of the process established by the Order;

- on or before October 24, 2003, Doman will deliver the CIP to
  each Potential Investor that:

- executes and delivers a confidentiality agreement; and

- in the case of a Potential Investor engaged in a business
  competitive to Doman, pays a non-refundable fee of $25,000,
  unless the non-refundable fee is waived by the Monitor;

- by no later than November 10, 2003, each Potential Investor
  wishing to participate further in the Refinancing Solicitation
  Process, must deliver to UBS an initial non-binding expression
  of interest to provide the Required Financing;

- on November 27, 2003, Doman, after consultation with the
  Monitor, Tricap Restructuring Fund and the representatives of
  the informal unsecured noteholder committee, consisting of
  Merrill Lynch and others, will apply to Court to report on the
  status of the Refinancing Solicitation Process and to seek
  directions on the continuation of the Refinancing Solicitation;

- if Doman, the Monitor, Tricap and the Committee agree on a
  particular binding refinancing proposal, a motion to Court will
  occur on December 18, 2003, seeking authorization to file a
  revised Plan of Arrangement and Compromise to implement such
  refinancing proposal;

- if there is no agreement on the selection of a binding
  refinancing proposal, then Doman, the Committee and Tricap are
  all at liberty to seek authorization to file a revised Plan of
  Arrangement and Compromise and the Court will on December 18,
  2003, be asked to consider all proposed refinancing proposals to
  determine which proposal is to be presented to Doman's creditors
  in accordance with the CCAA; and

- a Plan of Arrangement and Compromise will, in any event, be
  filed by January 28, 2004 with a projected implementation date
  of no later than February 20, 2004, subject to further order by
  the Court.

The Tricap application requesting that the Court convene a meeting
of affected creditors to vote on a plan of compromise or
arrangement was withdrawn.

Doman is an integrated Canadian forest products company and the
second largest coastal woodland operator in British Columbia.
Principal activities include timber harvesting, reforestation,
sawmilling logs into lumber and wood chips, value-added
remanufacturing and producing dissolving sulphite pulp and NBSK
pulp. All the Company's operations, employees and corporate
facilities are located in the coastal region of British Columbia
and its products are sold in 30 countries worldwide.


DUALSTAR TECHNOLOGIES: Ability to Continue Operations Uncertain
---------------------------------------------------------------
DualStar Technologies Corporation, through its wholly owned
subsidiaries, operates construction-related businesses.

The Company completed the discontinuance of its communications
business in August 2003. The Company's communications segment's
telephone service business was discontinued in August 2002. In
April 2002, the Company sold communications network equipment for
$0.4 million. The transaction resulted in a loss of $0.5 million.
In August 2002, the Company sold certain access agreements on
properties located in the Los Angeles area and the communications
assets located in the properties for $0.4 million. The transaction
resulted in a gain of $0.1 million. A $2.5 million charge for the
impairment of certain remaining communications assets was recorded
in fiscal year 2002.

In January 2003, the Company sold the network infrastructure
assets in conjunction with its exit out of the Internet service
business for a nominal amount. The net book value of the assets
sold was $0.6 million.

In August 2003, the Company and its wholly owned subsidiary,
ParaComm, Inc., consummated the sale to an affiliate of its senior
lender, Madeleine, LLC, of substantially all of ParaComm's assets,
pursuant to an Asset Purchase Agreement dated July 2003 between
the Company, ParaComm, Madeleine, and PCM Acquisitions Corp. Such
assets related to ParaComm's satellite television and private
cable services business in Florida. The consideration for the sale
was the reduction of $3.2 million of the principal amount of a
note of the Company to Madeleine, plus waiver of accrued and
unpaid interest on such principal amount. Such reduction is
subject to certain post-closing adjustments, which are not
expected to be material.

The Company incurred significant losses in the last several fiscal
years, primarily in the communications segment. The Company
completed the discontinuance of its communications business in
August 2003. There can be no assurance that the construction
segment will sustain profitability or positive cash flow from
future operations. Given the current U.S. economic climate and
market conditions and the financial condition of the Company,
there is a substantial likelihood that the Company will be unable
to raise additional funds on terms satisfactory to it, if at all,
to fund any future operating losses that may occur through the
operation of the construction business.

The outstanding principal and accrued interest with respect to the
Madeleine Loan totals approximately $13.1 million in September
2003. The Company is in default under the terms of the Madeleine
Loan agreement. Madeleine may call the loan due and payable at any
time, and, if it is not paid, foreclose on significant assets of
the Company's subsidiaries that secure such loan. If the Company
cannot raise additional funds for continuing operations or if
Madeleine demands payment on its loan, the Company will likely be
forced to cease operations. Accordingly, there is substantial
doubt about the Company's ability to continue as a going concern.


EL PASO CORP: Enters Drilling Venture with Lehman Bros. & Nabors
----------------------------------------------------------------
El Paso Corporation (NYSE: EP) has entered into agreements with a
wholly owned subsidiary of Lehman Brothers, the global investment
bank, and a wholly owned subsidiary of Nabors Industries Ltd.,
that will collectively result in an additional $350 million of
drilling activity over the next nine to 12 months.

Lehman will contribute 50 percent of an estimated $500-million
total cost to develop two specified packages of wells in exchange
for a 50-percent net profits interest (cash proceeds available
after royalties and operating costs have been paid), and Nabors
will contribute 20 percent in exchange for a 20-percent net
profits interest in such wells.  Once a specified payout is
achieved, Lehman's and Nabors' net profits interest will convert
to an overriding royalty interest in the wells for the remainder
of the wells' productive lives.  The remaining 30 percent of the
$500 million of capital will be contributed by El Paso as part of
its existing 2003 and 2004 capital budget.  Under the terms of the
agreements, all parties have a right to cease further investment
with 30 days notice.

It is anticipated that 54 percent of the estimated $500 million
total capital will be invested under agreements with El Paso
Production Company and El Paso Production GOM Inc. and the balance
invested with El Paso Production Oil & Gas USA, L.P.

"We are excited about this opportunity to have Lehman and Nabors
participate in our drilling program," said Rod Erskine, president
of El Paso's production segment.  "These agreements allow us to
accelerate the drilling of our inventory within our existing
capital spending budget."

El Paso Corporation (S&P, B+ L-T Corporate Credit Rating,
Negative) is the leading provider of natural gas services and the
largest pipeline company in North America.  The company has core
businesses in pipelines, production, and midstream services.  Rich
in assets, El Paso is committed to developing and delivering new
energy supplies and to meeting the growing demand for new energy
infrastructure.  For more information, visit http://www.elpaso.com

                         *    *    *

                    Nabors Has This to Say

Gene Isenberg, Nabors' Chairman and CEO commented on the
investment, "We are pleased to have an opportunity to invest in
this attractive group of prospects with such a well respected
operator as El Paso.  Their prospects inventory is known to be of
high-quality and they have an excellent track record of execution
in the E & P Business.  We welcome the opportunity to broaden our
relationship."

The Nabors companies own and operate almost 600 land drilling and
933 land workover and well-servicing rigs worldwide.  Offshore,
Nabors operates 44 platforms, 17 jack-ups, and three barge rigs in
the domestic and international markets.  Nabors markets 30 marine
transportation and support vessels, primarily in the US Gulf of
Mexico.  In addition, Nabors manufactures top drives and drilling
instrumentation systems and provides comprehensive oilfield
hauling, engineering, civil construction, logistics and facilities
maintenance, and project management services.  Nabors participates
in most of the significant oil, gas and geothermal markets in the
world.


EQUITY INNS: Raises $22MM from Common & Preferred Equity Sales
--------------------------------------------------------------
Equity Inns, Inc. (NYSE: ENN), has completed a sale of 2,000,000
shares of common stock to certain advisory clients of Cohen &
Steers Capital Management, Inc.

The sale is being made pursuant with the Company's existing shelf
registration statement previously filed with and declared
effective by the Securities and Exchange Commission.

The shares were priced at a net price of $7.55, representing a
2.5% discount from the trailing ten day closing average of $7.74.
The net proceeds from the sale, after expenses, are expected to be
approximately $15.0 million.

Simultaneously, the Company sold 287,500 shares of 8.75% Series B
Cumulative Preferred Stock (liquidation preference of $25 per
share), to certain advisory clients of Cohen & Steers Capital
Management, Inc. with net proceeds, after expenses, expected to be
$7.2 million. The Series B Preferred Stock may be redeemed at par
at the election of the Company on or after August 11, 2008. These
securities have no stated maturity, sinking fund or mandatory
redemption and are not convertible into any other securities of
the Company.

Howard Silver, President and Chief Operating Officer of Equity
Inns commented, "We believe that these transactions were an
efficient and cost effective way to raise capital."

The Company expects to use the combined $22.2 million of proceeds
for acquisitions and to repay a portion of its outstanding
borrowings under the Company's line of credit.

Phillip H. McNeill, Sr., Chairman of Equity Inns stated, "We are
pleased that these transactions will enable us to reduce our debt
and strengthen our balance sheet. We expect to re-deploy the
capital as opportunities to purchase strategic lodging assets
emerge. This should position Equity Inns for improved
profitability and increased shareholder value."

The Series B Preferred Stock trades on the New York Stock Exchange
under the symbol ENN PrB.

Equity Inns, Inc. (S&P, B+ Corporate Credit Rating, Negative) is a
self-advised REIT that focuses on the upscale extended stay, all-
suite and midscale limited-service segments of the hotel industry.
The company owns 94 hotels with 12,100 rooms located in 34 states.
For more information about Equity Inns, visit the company's Web
site at http://www.equityinns.com


EXIDE TECH.: Wants to Create Subsidiaries and Transfer Assets
-------------------------------------------------------------
Exide Technologies and its debtor-affiliates seek the Court's
authority to create new subsidiaries and transfer certain assets
to these subsidiaries.

Laura Davis Jones, Esq., at Pachulski, Stang, Ziehl, Young, Jones
& Weintraub P.C., in Wilmington, Delaware, relates that the
Debtors' Amended Plan contemplates several steps to reconfigure
the Debtors' corporate structure.  The Plan streamlines the
Debtors' organization structure and makes it more tax efficient,
and facilitates the financing and ownership of the Debtors'
foreign subsidiaries.  Some of these steps are required to occur
before Plan confirmation.

Specifically, the Plan contemplates creating a new wholly owned
Exide subsidiary and then form a new Dutch company called Exide
CV that will be owned partially by Exide Technologies and
partially by the new wholly owned domestic subsidiary.  The
Debtors will transfer the shares of their two existing foreign
subsidiaries -- Exide Holding Asia PTE Limited and Exide Holding
Europe, S.A. -- along with a participating note previously issued
by Exide Holding Europe that is treated as stock for U.S. federal
income tax purposes to the Exide CV.  Exide CV will then form
another new Dutch company called Exide BV and transfer its newly
acquired shares of Exide Holding Asia, a portion of its newly
acquired shares of Exide Holding Europe, and the Note to Exide BV
in exchange for equity.  Finally, Exide Holding Europe will be
converted from a French S.A. to a French S.A.R.L.

Ms. Jones explains that since Exide will be the ultimate parent
company of the entity to which the shares will be transferred,
there will be no loss of assets or value from Exide's estate.
From an economic perspective, there is no impact on creditors or
on the creditors' potential recoveries.

The Debtors believe that the benefits of these transactions
include their ability to implement the transactions even if the
Plan confirmation were delayed, or if the Plan were substantially
modified. (Exide Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., 609/392-0900)


FEDERAL-MOGUL: Court Expunges 58 of Amended or Superseded Claims
----------------------------------------------------------------
Federal-Mogul Corporation and its debtor-affiliates report that
there are proofs of claim that were amended and therefore
superseded by a subsequent claim by or on behalf of the same
claimant.  The Debtors identified 58 of these amended and
superseded proofs of claim.

At the Debtors' behest, the Court expunged the amended or
superseded claims to ensure that the claimants assert their
intended claim for all purposes in the Chapter 11 cases.

The 11 largest Amended or Superseded claims are:

     Claimant                         Claim No.      Amount
     --------                         ---------      ------
     Department of Treasury             10447    $8,828,823
     Gould Electronics, Inc.             6942     3,074,369
     Missouri Dept. of Revenue           6192       258,470
     Omiotek Coil Spring Co.              827       105,101
     Pierce Herns Sloan & McLeod          997       163,335
     Rohm and Hass Company               5026       185,371
     Selwyn Palmer                       1001       750,000
     Shirley Swift                        873       150,000
     Sprint Communications LP            4755       333,327
     State of Michigan                  10346     4,611,963
     State of Ohio                       6444    10,212,418

James E. O'Neill, Esq., at Pachulski Stang Ziehl Young Jones &
Weintraub PC, in Wilmington, Delaware, says that the Claimants
will have a Surviving Claim remaining on the Claims Register.
(Federal-Mogul Bankruptcy News, Issue No. 43; Bankruptcy
Creditors' Service, Inc., 609/392-0900)


GENUITY INC: Plan Confirmation Hearing Schedules for November 17
----------------------------------------------------------------
Several parties filed objections to the approval of the Genuity
Debtors' Disclosure Statement.  Among them are:

   (1) County of Placer, Monterey and Imperial, California
       Taxing Authorities -- Martha E. Romero, Esq., at Romero
       Law Firm, in Whittier, California, complained of
       inadequate information regarding tax payments.  The
       Debtors added more information to the Disclosure Statement
       resolve this complaint.

   (2) U.S. Trustee -- Brian S. Masumoto, Esq., in New York,
       wants it to be clear that fees and charges assessed
       against the estates under Section 1930 of the Judiciary
       Procedures Code are payable until entry of a final decree
       closing Genuity's cases.  The U.S. Trustee also wants to
       make sure that the Disbursing Agent or any other party
       holding creditors' money will be bonded.  The Debtors
       respond in the affirmative to both of the U.S. Trustee's
       concerns.

   (3) Deutsche Bank AG wants more information about its dispute
       with the other Lenders regarding an amendment to a credit
       agreement as well as the third-party releases provided in
       the Plan.  Robert M. Dombroff, Esq., at Bingham McCutchen,
       LLP, in New York, reminds the Court that the dispute dates
       back to July 2002, days before Verizon announced that it
       would not exercise its option to reintegrate Genuity into
       Verizon, when Genuity drew $850,000,000 under the JP
       Morgan-led credit agreement under which Deutsche Bank is a
       Funding Bank.  The other Funding Banks funded $722,500,000
       of the $850,000,000 request.  Deutsche Bank refused to
       fund the difference.  The Debtors and the Committee
       suggest that any inter-creditor dispute is the Lenders'
       problem and should not delay approval of the Disclosure
       Statement.  At best, the Debtors and the Committee tell
       the Court, Deutsche Bank raises a confirmation objection
       and probably nothing the Bankruptcy Court can deal with
       anyway.

   (4) U.S. Department of Labor Secretary, Elaine L. Chao,
       contends that the Disclosure Statement contains ambiguous
       language in reference to its rights to pursue causes of
       action pursuant to the Employee Retirement Income Security
       Act of 1974.  Gregory A. Splagounias, Esq., in Boston,
       Massachusetts, reminds the Court that Genuity, Inc. is the
       Plan Sponsor of the Genuity, Inc. Savings Plan No. 001, a
       defined contribution employee benefit plan for the benefit
       of the Debtors' employees.  Mr. Splagounias informs the
       Court that the Labor Secretary is responsible for the
       enforcement of the fiduciary requirements of Title I of
       the ERISA.  The Secretary also has the authority to bring
       actions to enjoin acts and practices which violate the
       provisions of Title I of ERISA and to obtain other
       appropriate equitable and injunctive relief to redress
       violations and enforce provisions of that Title.  Lastly,
       the Secretary is responsible for protecting the interest
       of participants in, and beneficiaries of, employee benefit
       plans and the plan assets held by those plans.  The Plan
       proposes to grant releases that DOL doesn't like.  That's
       right, the Debtors say.  The releases will be adequately
       disclosed however the DOL would like and the DOL is free
       to raise their objection at the confirmation hearing.

   (5) ICG Consolidated, Inc., argued that the Debtors' Original
       Disclosure Statement failed to provide adequate
       information regarding the alleged compromises that would
       result in discriminatory treatment and classification and
       the cause the plan to violate the best interests test at
       confirmation.  According to Thomas A. Guida, Esq., at
       Baker & Hostetler, LLP, in Denver, Colorado, the Debtors'
       Liquidation Plan, on its face, separately classifies
       similarly situated unsecured creditors, like Classes 3 and
       4, and provides for significantly discriminatory
       treatment.   ICG charges that the Disclosure Statement
       lacks the required meaningful disclosure of why similarly
       situated creditors are being treated so differently, that
       is, the distribution chart indicates Class 3 Unsecured
       Creditors could receive almost five times the
       distributions of Class 4 Unsecured Creditors.
       Furthermore, Mr. Guida says, ICG cannot see how the Plan
       satisfies the best interests test with the Debtors'
       conclusory allegations that, since they are essentially
       liquidating, the end result would not be different, or
       would be less beneficial to creditors, if they were in a
       Chapter 7.  ICG's objection, the Debtors say, is a poor
       attempt to create leverage in connection with the
       negotiations regarding its disputed general unsecured
       claim.  The Plan is what it is.  It is a compromise and
       settlement.  Creditors will vote to accept or reject that
       compromise.  If they vote to reject, that's an issue to
       deal with at confirmation . . . not an issue to stand in
       the way of allowing creditors to read the plan and cast
       their ballots.

   (6) Robert T. Pierce, Sr., objected to the approval of the
       Disclosure Statement because he, together with the other
       common stock holders, is excluded from participation in
       the approval of the Plan.  No, Genuity responds, Mr.
       Pierce and his fellow shareholders are not excluded.  They
       lack, however, any economic interest in the outcome of
       these cases.  The value of Genuity's equity -- the
       residual claim on the company's assets after all
       liabilities are satisfied -- burned-up a long time ago.
       Unless the shareholders want to put new value on the
       table, there's nothing to talk about.

To address the objections raised, the Debtors made various
amendments to their Disclosure Statement and Liquidation Plan.

D. Ross Martin, Esq., at Ropes & Gray, in Boston, Massachusetts,
informs the Court that a minor objection raised by the State of
Washington has been resolved.  The Debtors and the Office of the
U.S. Trustee have agreed to defer consideration of the issues
raised in the U.S. Trustee's objection, to the hearing on
confirmation of the Plan, to the extent the issues are not
resolved by the Plan modifications.

Judge Beatty finds that the Second Amended Disclosure Statement
contains adequate information within the meaning of Section 1125
of the Bankruptcy Code.  Accordingly, the Court approves the
Debtors' Second Amended Disclosure Statement.  Judge Beatty rules
that all objections that have not been withdrawn, waived,
adjourned, or settled are overruled on the merits in their
entirety.

The Confirmation Hearing will be held at 10:30 a.m., prevailing
Eastern Time, on November 17, 2003.

The Court also extends the Debtors' exclusive solicitation period
to the conclusion of the Confirmation Hearing. (Genuity Bankruptcy
News, Issue No. 20; Bankruptcy Creditors' Service, Inc., 609/392-
0900)


GEORGIA-PACIFIC CO.: Zacks Highlights GP Stocks with #1 Ranking
---------------------------------------------------------------
Zacks.com releases another list of stocks that are currently
members of the coveted Zacks #1 Ranked list which has produced an
average annual return of +33.6% since 1988 and has gained +13.3%
annually since 2000 as the markets have been tumbling down.

Among the #1 ranked stocks Zacks highlighted is Georgia-Pacific
Company (NYSE:GP) and KB Home (NYSE:KBH). To see the full Zacks #1
Ranked list or the rank for any other stock then visit
http://www.zacksrank1bw.zacks.com

Here is a synopsis of why the Georgia-Pacific stocks have a Zacks
Rank of 1 (Strong Buy). Note that a #1 Strong Buy rating is
applied to 5% of all the stocks we rank:

Georgia-Pacific Company (NYSE:GP) is a manufacturer and
distributor of building products, as well as a producer of a
variety of pulp and paper products (including pulp, communication
papers, containerboard, packaging and tissue products). GP will
announce third quarter figures next week but for the second
quarter, they reported net income of $62 million or 25 cents
diluted earnings per share. This was much better than a net loss
of $83 million or 36 cents diluted loss per share in the second
quarter of 2002. This was over a +78% surprise over the Street's
estimates. The company has been entrenched in cost control
measures spreading across the entire company and are slightly
ahead of plan. They have also established additional cost
reduction goals for 2004 such as a substantial reduction in their
information technology budget. These measures along with an
economic recovery seem to be working quite well. Along with
improving financials, the company issued a $.125 dividend in the
quarter signaling confidence in the company's immediate future as
well as long-term strength. GP looks strong on paper and may
warrant a closer look.

For over 15 years the Zacks Rank has proven that "Earnings
estimate revisions are the most powerful force impacting stock
prices." Since 1988 the #1 Ranked stocks have generated an average
annual return of +33.6% compared to the (a)S&P 500 return of only
+11.3%. Plus this exclusive stock list has generated average gains
of +13.3% during the last 3 years; a substantial return compared
to the large losses suffered by most investors during that time
frame. Also note that the Zacks Rank system has just as many
Strong Sell recommendations (Rank #5) as Strong Buy
recommendations (Rank #1). And since 1988 the S&P 500 has
outperformed the Zacks #5 Ranked stocks by 166.7% annually (11.3%
vs. 4.2% respectively). Thus, the Zacks Rank system can truly be
used to effectively manage the trading in your portfolio.

The Zacks Rank, and all of its recommendations, is created by
Zacks & Co., member NASD. Zacks.com displays the Zacks Rank with
permission from Zacks & Co. on its web site for individual
investors.

Zacks.com is a property of Zacks Investment Research, Inc., which
was formed in 1978 to compile, analyze, and distribute investment
research to both institutional and individual investors. The
guiding principle behind our work is the belief that investment
experts, such as brokerage analysts and investment newsletter
writers, have superior knowledge about how to invest successfully.
Our goal is to unlock their profitable insights for our customers.
And there is no better way to enjoy this investment success, than
with a FREE subscription to "Profit from the Pros" weekly e-mail
newsletter. For your free newsletter, visit
http://www.freeprofit1bw.zacks.com

Zacks Investment Research is under common control with affiliated
entities (including a broker-dealer and an investment adviser),
which may engage in transactions involving the foregoing
securities for the clients of such affiliates.

Headquartered at Atlanta, Georgia-Pacific (S&P, BB+ Corporate
Credit Rating, Negative) is one of the world's leading
manufacturers of tissue, packaging, paper, building products, pulp
and related chemicals.  With 2002 annual sales of more than $23
billion, the company employs approximately 61,000 people at 400
locations in North America and Europe.  Its familiar consumer
tissue brands include Quilted Northern(R), Angel Soft(R),
Brawny(R), Sparkle(R), Soft 'n Gentle(R), Mardi Gras(R), So-
Dri(R), Green Forest(R) and Vanity Fair(R), as well as the
Dixie(R) brand of disposable cups, plates and cutlery.  Georgia-
Pacific's building products distribution segment has long been
among the nation's leading wholesale suppliers of building
products to lumber and building materials dealers and large do-it-
yourself warehouse retailers.  For more information, visit
http://www.gp.com


GMP INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: GMP Industries, Inc.
        6760 NW 27th Avenue Road
        Ocala, Florida 34475
        dba Alliance Construction Materials

Bankruptcy Case No.: 03-20425

Chapter 11 Petition Date: October 1, 2003

Court: Middle District of Florida (Tampa)

Judge: Michael G. Williamson

Debtor's Counsel: David S. Jennis, Esq.
                  Jennis & Bowen PL
                  400 N Ashley Drive
                  Suite 2540
                  Tampa, FL 33602
                  Tel: 813-229-1700
                  Fax: 813-229-1707

Estimated Assets: $1 Million to $10 Million

Estimated Debts: $1 Million to $10 Million

Debtor's 20 Largest Unsecured Creditors:

Entity                                            Claim Amount
------                                            ------------
Florida Rock Industries                               $538,909
PO Box 620000
Stop 9927
Orlando, FL 32891-9927

Commercial Carrier Corp.                              $136,489

Margie Wood Trucking                                   $86,246

Tarmac America, Inc.                                   $67,114

A-1 Block Corp.                                        $44,803

WR Grace & Co. - Conn.                                 $29,794

Fort Myers Trucking                                    $23,471

Boral Material Tech.                                   $20,512

Hughes Supply, Inc.                                    $15,797

CSR America, Inc.                                      $11,137

Department of Insurance                                 $9,924

CAN Insurance                                           $9,714

Wekiwa Concrete Products, Inc.                          $8,926

ME Wilson Company, Inc.                                 $8,769

KW Baxley Oil Co.                                       $5,726

Ring Power Corp.                                        $5,196

Ring Power Corp.                                        $5,196

Aramark Uniform Services                                $5,165

The Hogan Law Firm                                      $4,476

Besser Company                                          $3,948


HAYES LEMMERZ: HLI Trust Wants Auditors to Produce Documents
------------------------------------------------------------
The HLI Creditor Trust sought and obtained the Court's authority
to issue a subpoena for the production of documents and oral
testimony from Professional Resources International, Inc., in
accordance with Rule 2004 of the Federal Rules of Bankruptcy
Procedure.

Professional Resources International was the Hayes Lemmerz
International Debtors' internal auditing firm, which allegedly has
knowledge of facts that bear directly on the Trust's claims
against unreleased parties.  The Trust believes that the
information sought will allow it to determine whether prosecution
of the Trust Claims is warranted and cost is justified.

Investigation and pursuit of the Trust Claims require a detailed
analysis of the Debtors' accounting practices.  With respect to
any deposition of Professional Resources, the areas of inquiry
pursuant to Rule 30(b)(6) of the Federal Rules of Civil Procedure
will be the internal audit and other professional services it
provided to the Debtors for the years 1998 through 2001.

Steven L. Hoard, Esq., at Mullin, Hoard & Brown, LLP, in Amarillo,
Texas, contends that the information sought by the Trust, is
appropriate and within the scope and purposes of Bankruptcy Rule
2004, which provides:

   (a) Examination on Motion

       On motion of any party-in-interest, the court may order
       the examination of any entity.

   (b) Scope of Examination

       The examination of an entity under Rule 2004 or of the
       debtor under Section 343 of the Bankruptcy Code may relate
       only to the acts, conduct, or property, or to the
       liabilities and financial condition of the debtor, or to
       any matter which may affect the administration of the
       debtor's estate, or to the debtors' right to a discharge.

   (c) Compelling Attendance and Production of Documentary
       Evidence

       The attendance of an entity for examination and the
       production of documentary evidence may be compelled in the
       manner provided in Bankruptcy Rule 9016 for the attendance
       of witnesses at a hearing or trial.

According to Mr. Hoard, it is well settled that Rule 2004 allows
an unrestrained fishing expedition into an entity's affairs for
the purpose of obtaining information relevant to the
administration of the bankruptcy estate.  "Rule 2004 can be used,
among other things, to determine whether grounds exist to commence
an action, to discover assets, and to investigate fraud," Mr.
Hoard says.

The Trust will use Rule 2004 to assess the viability of the Trust
Claims that may confer a significant benefit on the Debtors'
creditors.  Mr. Hoard remarks that Rule 2004 is the provision
that best applies to these cases because:

   -- the information sought by the Trust concerns the Debtors'
      financial condition and the administration of the estate;
      and

   -- it is essential to the Trust's efforts to maximize the
      value of the Debtors' estate for the benefit of all
      creditors and parties-in-interest.

Judge Walrath clarifies that the examination is without prejudice
to the Trust's rights to pursue further discovery of Professional
Resources or of any other person or entity, as well as the rights
of the Professional Resources, or of any other person or entity,
to object to the discovery. (Hayes Lemmerz Bankruptcy News, Issue
No. 39; Bankruptcy Creditors' Service, Inc., 609/392-0900)


HECLA MINING: Ed Bugos Highlights Hecla Mining Stock
----------------------------------------------------
Gold seems to have taken a back seat during the market's rally,
but Ed Bugos says it's still the place to be in the long run.
Learn about several stocks in this space through this expert's
market summary.

Read about Goldcorp (NYSE:GG), Newmont (NYSE:NEM), Anglo
(NYSE:AU), Coeur D'Alene (NYSE:CDE), Hecla Mining (NYSE:HL), and
Agnico Eagle (NYSE:AEM). Click here for the full story exclusively
on Zacks.com: http://featuredexpert2bw.zacks.com/

Here are the highlights from the Featured Expert column:

The month of September was good to Ed Bugos' positions overall.
All of his trades looked timely: the reduction in his gold equity
exposure at the end of August in exchange for a short position
against the broad market, as well as the concomitant increase in
the bullion longs looked like the right recipe - up until last
week at any rate. The strength in global share prices in the
opening days of October, and the mini-liquidation in gold and
silver last week are weighing on Bugos' outlook now, however. But
his basic targets are intact, and so he's comfortable with his
positions into year end.

Goldcorp's (NYSE:GG) discovery of more gold at Red Lake last month
awarded a little more scope to its growth potential. And both
Newmont (NYSE:NEM) and Anglo (NYSE:AU) have been chart leaders.
Newmont has even been a performance leader at various points.

One reason for the lag in performance is that the HUI includes
silver stocks Coeur D'Alene (NYSE:CDE) and Hecla mining (NYSE:HL),
as well as stocks like Freeport, Goldenstar, and Bema.

These five stocks are up an average 110% over six months - almost
twice the HUI's gain. Meanwhile, Agnico Eagle (NYSE:AEM) has
occupied the bottom ten percentile of the performance rankings of
about 80 global gold stocks consistently over the past year.
However, as discussed in an earlier issue, Bugos is confident the
company will regain its share premium just as soon as the market
sees its growth path is back on track.

Learn how to make gold work for you with Ed Bugos' complete
summary and outlook by clicking:

         http://featuredexpert3bw.zacks.com/

To be a successful investor you need professional advice. Experts
who know what they're talking about and can help you achieve your
financial goals in good markets...and especially in bad ones will
help you improve your portfolio. That is why Zacks Investment
Research has assembled the best investment experts in the business
to offer their powerful advisory newsletters to you on all the
major investment topics: Stocks, Mutual Funds, Bonds, Options,
Futures etc.

Zacks.com is a property of Zacks Investment Research, Inc., which
was formed in 1978 to compile, analyze, and distribute investment
research to both institutional and individual investors. The
guiding principle behind our work is the belief that investment
experts, such as brokerage analysts and investment newsletter
writers, have superior knowledge about how to invest successfully.
Our goal is to unlock their profitable insights for our customers.
And there is no better way to enjoy this investment success, than
with a FREE subscription to "Profit from the Pros" weekly e-mail
newsletter. For your free newsletter, visit
http://www.freeprofitbw.zacks.com

Zacks Investment Research is under common control with affiliated
entities (including a broker-dealer and an investment adviser),
which may engage in transactions involving the foregoing
securities for the clients of such affiliates.

Hecla Mining Company (S&P, CCC+ Corporate Credit Rating,
Positive), headquartered in Coeur d'Alene, Idaho, mines and
processes silver and gold in the United States, Venezuela and
Mexico. A 112-year-old company, Hecla has long been well known in
the mining world and financial markets as a quality silver and
gold producer. Hecla's common and preferred shares are traded on
the New York Stock Exchange under the symbols HL and HL-PrB.


HOUSTON EXPLORATION: Will Publish Third-Quarter Results on Nov 6
----------------------------------------------------------------
The Houston Exploration Company (NYSE: THX) will release its third
quarter 2003 earnings results before the market opens on Thursday,
November 6.

In conjunction with the release, the company will hold a
conference call to review the results of the quarter.  The call
will be broadcast live over the Internet at 8:30 a.m. Central Time
on Thursday, November 6, and can be accessed at
http://www.houstonexploration.com

To participate in the conference call by telephone, dial (800)
374-0699 prior to the start.

In addition, the call will be available for delayed playback for
one month beginning at approximately 2 p.m. on November 6.  To
access the playback, dial (706) 645-9291 and provide the
confirmation code, 3249542.

     Contact:  The Houston Exploration Company
               Melissa Reynolds, 713-830-6887
               mreynolds@houstonexp.com

The Houston Exploration Company (S&P, BB Long-Term Corporate
Credit Rating, Stable) is an independent natural gas and oil
company engaged in the development, exploitation, exploration and
acquisition of natural gas and crude oil properties.  The
company's operations are focused in South Texas, the shallow
waters of the Gulf of Mexico and the Arkoma Basin with additional
production in East Texas, South Louisiana and West Virginia. For
more information, visit the company's Web site at
http://www.houstonexploration.com


IESI: Buys Seneca Meadows Landfill & Refinances Credit Facility
---------------------------------------------------------------
IESI Corporation has acquired the stock of Seneca Meadows, Inc.,
the owner and operator of the Seneca Meadows Landfill.

The Seneca Meadows Landfill is a fully permitted municipal solid
waste landfill located in the Finger Lakes Region of upstate New
York, approximately 45 miles southeast of the City of Rochester,
New York.  Seneca Meadows Landfill is permitted to accept an
average of 6,000 tons of municipal solid waste per day.  Revenue
at the landfill for fiscal year 2002 was $47.7 million.

IESI also has completed the sale of $47.5 million of new equity
capital, primarily from its existing shareholders and their
affiliates and management.  In addition, IESI plans to sell an
additional $2.5 million to $7.5 million of equity.  The new Series
E Convertible Preferred Stock is the most senior class of IESI's
equity and has substantially the same terms and conditions of the
Company's outstanding Series D Preferred Stock.  The new equity
was used to help finance the purchase of Seneca Meadows.  To date,
IESI has raised over $240.0 million of funded equity capital.

IESI also announced it has finalized a refinancing of its senior
secured credit facility.  The expanded $400.0 million senior
secured credit facility is made up of a $200.0 million revolver
and a $200.0 million term loan.  The revolver matures October 2008
and the term loan matures in October 2010.  The $200.0 million
term loan and borrowings of $33.7 million under the revolver were
used to refinance IESI's existing credit facility, and to finance
the purchase price and expenses related to the Seneca Meadows
acquisition.  Future borrowings under the revolver will be
available to finance acquisitions, capital expenditures, working
capital and other general corporate purposes.  Fleet Securities,
Inc. was the arranger for the facility, Fleet National Bank is the
Administrative Agent and LaSalle National Bank Association is the
Syndication Agent.

"Seneca Meadows Landfill is one of New York State's premier
landfills, and we are extremely proud and excited to welcome them
to our family of companies," said Mickey Flood, President and CEO
of IESI.  "The purchase of the landfill solidifies our Northeast
Region and positions us for future expansion in the Northeast.
I'd like to thank all our shareholders and lenders, who were again
extremely supportive of our Company and this transaction."

"We made initial contact with the seller three years ago," said
Larry McGee, Senior Vice President and Chief Development Officer.
"We signed our definitive agreement in May 2003 and since then we
have enjoyed getting to know the people at Seneca Meadows and the
local communities.  We expect the transition to IESI to be very
smooth."

IESI -- whose June 30, 2003 balance sheet shows a total
shareholders' equity deficit of about $48 million -- is one of the
leading regional, non-hazardous solid waste management companies
in the United States and has grown rapidly through a combination
of strategic acquisitions and internal growth.  IESI provides
collection, transfer, disposal and recycling services to 275
communities, including more than 535,000 residential customers and
54,000 commercial and industrial customers in nine states.


IFCO SYSTEMS N.V.: Closes and Settles EUR$110 Million Bond Issue
----------------------------------------------------------------
IFCO Systems N.V. (Frankfurt:IFE1) announced the successful
closing and settlement of its bond issue.

The 110 million Euro bond, with a maturity on October 15th, 2010,
was priced at 10.375% and successfully placed with institutional
investors.

Deutsche Bank London acted as the sole book runner for the
offering. IFCO Systems has applied for listing of the bond on the
Luxembourg Stock Exchange. Interest for the bond will accrue from
the issue date of the note and will be paid semi-annually on June
30th and December 31st, commencing December 31st, 2003.

                         *      *     *

As previously reported in Troubled Company Reporter, Standard &
Poor's withdrew its double-'C' bank loan rating on IFCO Systems
N.V.'s $178 million secured bank credit facility.

At the same time Standard & Poor's withdrew its corporate credit
and subordinated debt ratings on the company, which was lowered to
'D' on March 15, 2002, after IFCO failed to make its interest
payment on its 10.625% senior subordinated notes due 2010.


IMPATH INC: Secures Court Nod to Hire Weil Gotshal as Attorneys
---------------------------------------------------------------
Impath Inc., and its debtor-affiliates sought and obtained
approval from the U.S. Bankruptcy Court for the Southern District
of New York to employ Weil, Gotshal & Manges LLP as their
attorneys, to perform the extensive legal services that will be
required during these chapter 11 cases.

George A. Davis, Esq., a member of Weil Gotshal, and Jennifer
Feldsher, Esq., an associate, as well as other members of, counsel
to, and associates of the firm will be employed to:

     a. take all necessary or appropriate actions to protect and
        preserve the Debtors' estates, including the prosecution
        of actions on the Debtors' behalf, the defense of any
        actions commenced against the Debtors, the negotiation
        of disputes in which the Debtors are involved, and the
        preparation of objections to claims filed against the
        Debtors' estates;

     b. prepare on behalf of the Debtors, as debtors in
        possession, all necessary or appropriate motions,
        applications, answers, orders, reports and other papers
        in connection with the administration of the Debtors'
        estates;

     c. take all necessary or appropriate actions in connection
        with a plan or plans of reorganization and related
        disclosure statement(s) and all related documents, and
        such further actions as may be required in connection
        with the administration of the Debtors' estates; and

     d. perform all other necessary or appropriate legal
        services in connection with these chapter 11 cases.

Weil Gotshal's current customary hourly rates range from:

     members and counsel           $500 to $775 per hour
     associates                    $240 to $460 per hour
     paraprofessionals and staff   $65 to $200 per hour

Headquartered in New York, New York, Impath Inc., together with
its subsidiaries, is in the business of improving outcomes for
cancer patients by providing patient-specific diagnostic and
prognostic services to pathologists and oncologists, providing
products and services to biotechnology and pharmaceutical
companies, and licensing software to hospitals, laboratories, and
academic medical centers. The Company filed for chapter 11
protection on September 28, 2003 (Bankr. S.D.N.Y. Case No. 03-
16113).  George A. Davis, Esq., at Weil, Gotshal & Manges, LLP
represents the Debtors in their restructuring efforts.  When the
Company filed for protection from its creditors, it listed
$192,883,742 in total assets and $127,335,423 in total debts.


INTERPOOL: Accepts Raoul Witteveen's Resignation as Pres. & COO
---------------------------------------------------------------
Interpool, Inc. (NYSE:IPX) announced that after a preliminary
report by an independent outside law firm appointed by the Audit
Committee of the Board of Directors to investigate accounting
issues, the Board has accepted the resignation of Raoul Witteveen
as President and Chief Operating Officer and a member of the
Board, effective immediately.

In a matter unrelated to Witteveen's resignation, the Board has
accepted the resignation of Mitchell Gordon, the company's former
Chief Financial Officer, as a member of the Board.

As previously reported, in July the Board's Audit Committee
engaged Morrison & Foerster LLP as special counsel to conduct an
inquiry into circumstances surrounding the accounting issues that
required restatement of Interpool's financial statements for 2000
and 2001 and delayed the filing of the company's Annual Report and
Form 10-K for 2002.

"The Audit Committee's investigation by Morrison & Foerster
identified certain problems, and we are taking appropriate actions
to correct them," said Martin Tuchman, Chairman and Chief
Executive Officer, who will assume the duties of Chief Operating
Officer and President.

Tuchman also announced two senior-level appointments that will be
responsible for overseeing Interpool's business units. Richard
Gross, who has been serving as acting CFO, will become Chief
Operating Officer of Interpool Limited, the company's
international container business, once a new CFO is named. Herbert
Mertz, as Chief Operating Officer of Trac Lease, Inc., will assume
full responsibilities for the company's domestic chassis
operations. As previously reported, the company has retained
Heidrick & Struggles, an executive search firm, to conduct a
global search for a new CFO.

"The fundamentals of our company are sound and very strong.
Revenues and cash flows are growing and our financial condition is
solid," Tuchman said. "These resignations are necessary to clear
the air of uncertainty about our accounting errors and the
credibility of our financial statements. We have done what is
necessary in light of the independent investigation."

The Board of Directors, in accepting the resignations, said that
there would be no further changes in management personnel as a
result of the investigation. The Board also expressed its full
confidence in Tuchman and the rest of management and their ability
to lead the company successfully.

During its investigation, Morrison & Foerster found that in
September 2001 Witteveen authorized transactions that would have
improperly increased earnings for the quarter. The report found
that Interpool's senior accounting and financial officers did not
allow any gain to be recognized on the transactions, and
therefore, the company's financial statements did not contain any
misstatement as a result of these transactions.

The company said that, in addition to its own internal inquiry,
the Securities and Exchange Commission has opened an informal
investigation in response to the previously announced restatement
of Interpool's financial statements and has requested a copy of
the Morrison & Foerster report. Tuchman said the company is
cooperating fully with the SEC's informal investigation.

Interpool still expects that the changes to its reported 2001
financial information resulting from its financial restatement
will amount only to a 1-2% change in its originally reported
stockholders' equity as of December 31, 2001. Interpool's
auditors, KPMG, have not yet completed their audits of the
Company's 2000, 2001 and 2002 financial statements or its review
of the Company's 2003 interim quarterly results, and will not
finalize their audits or reviews until after they are able to
review the final written report by Morrison & Foerster later this
month. Therefore, Interpool cannot predict when the audits of the
Company's 2000, 2001 and 2002 financial statements will be
completed and the 2002 Form 10-K filed with the SEC. While
Interpool remains optimistic that the audits will be completed in
time to file the Form 10-K by October 31, 2003, the audits may not
be completed by that date.

The company plans to release financial information for 2000, 2001
and 2002 and the first quarter of 2003 later this month. If the
10-K cannot be filed by October 31, Interpool will seek waivers
from its financial institutions to allow the 10-K to be filed at a
later date. In addition, even if the 10-K is filed by October 31,
Interpool will be requesting waivers to allow for late filing of
its Form 10-Qs for 2003.

Interpool said as a result of the delay, the New York Stock
Exchange could take action against the company if substantial
progress is not made towards releasing its financial statements.

As part of the company strategic planning, Interpool also has
engaged Goldman Sachs to advise the company on long-term debt
financings and other matters.

Interpool said it has substantially improved its internal
procedures and controls over the last year, including the hiring
of additional personnel, the implementation of an internal audit
function and improving its communications between the company's
sales and operations functions and its internal accounting
department.

Interpool is one of the world's leading suppliers of equipment and
services to the transportation industry. It is the world's largest
lessor of intermodal container chassis and a world-leading lessor
of cargo containers used in international trade.


INTERPOOL: No Additional Fitch Rating Action after Resignations
---------------------------------------------------------------
Fitch Ratings does not expect to take additional rating action on
Interpool, Inc., as a result of the resignations of Raoul
Witteveen, President, COO and Director and Mitchell Gordon,
Director and former CFO.

Mr. Witteveen and Mr. Gordon's resignation followed the completion
of a comprehensive legal review of the company's operations by
Morrison and Foerster LLP, who were engaged by the Board of
Directors. According to Interpool, public financial reports were
not misstated as a result of the specific actions leading to the
resignations.

Earlier today, Fitch lowered Interpool's senior secured, senior
unsecured and preferred stock ratings to 'BB+', 'BB', and 'B+',
respectively. The ratings were also placed on Rating Watch
Negative. The rating actions reflect Fitch's view that Interpool
will be challenged to complete its delinquent Securities &
Exchange Commission (SEC) filings by the Oct. 31 deadline as well
as its third quarter 2003 results by Nov. 14. Failure to file any
of these statements on a timely basis will result in Interpool
requiring covenant waivers from its lenders for a third
consecutive reporting period.

Tracing its roots to 1968 and based in Princeton, NJ, Interpool,
Inc., through its subsidiaries, is the largest lessor of domestic
chassis and the second largest lessor of marine containers in the
world.


INTERPOOL: Fitch Downgrades Ratings over Potential Filings Delay
----------------------------------------------------------------
Fitch Ratings has lowered Interpool, Inc.'s senior secured, senior
unsecured, and preferred stock ratings to 'BB+', 'BB', and 'B+'
from 'BBB', 'BBB-', and 'BB+', respectively.

The ratings are placed on Rating Watch Negative. Previously, the
Rating Outlook was Negative. Approximately $295 million of debt
and trust preferred securities are affected by Fitch's actions.

The rating actions reflect Fitch's view that Interpool will be
challenged to complete its 2002 10-K as well as its 10-Q's for the
first and second quarter of 2003 by Oct. 31, 2003. The company may
also be challenged to file its 10-Q for the third quarter of 2003
by its November 14 deadline. Failure to generate any of these
statements on a timely basis will result in the company requiring
covenant waivers from its lenders for a third consecutive
reporting period.

In addition, Interpool has continued to add additional secured
financing as it has been unable to access unsecured debt or equity
markets due to its delinquent filing status. This has eroded the
company's unencumbered asset metrics to a level Fitch views as
more akin to the current rating categories. Relief for these
metrics is not imminent as the company will require unsecured debt
and/or equity market access which in turn will require curing of
the delinquent filing status.

Fitch believes that Interpool currently has significant cash
reserves and cash flow relative to 12-month debt maturities.
However, failure to file financial statements on a timely basis
and receive covenant waivers from creditors could accelerate debt
maturities and cause a liquidity shortfall before Dec. 31, 2003.
Fitch notes that Interpool remains current with respect to
principal and interest on its debt and trust preferred stock
obligations.

In Fitch's view, Interpool is operating in a favorable business
environment that has shown strong utilization of both marine
containers and chassis. In addition, downward pricing pressure for
new marine containers has eased and suggests that lease rates for
renewals have stabilized.

The Rating Watch will be resolved when the company cures its
delinquent SEC filing status as well as generates reasonable
confidence that it can file on a timely basis in the future. In
Fitch's view, Interpool also needs to complete a meaningful
unsecured debt or equity offering in order to boost unencumbered
assets. Due to the advance rates that the company receives on its
secured borrowings, the company requires unsecured capital growth
in order to expand safely.

Tracing its roots to 1968 and based in Princeton, NJ, Interpool,
Inc. through its subsidiaries is the largest lessor of domestic
chassis and the second largest lessor of marine containers in the
world.


INTERPOOL: Accounting Investigation Prompts S&P Watch
-----------------------------------------------------
Standard & Poor's Ratings Services lowered its ratings on
transportation equipment lessor Interpool Inc. and placed them on
CreditWatch with negative implications. The long-term corporate
credit rating was lowered to 'BB+' from 'BBB-'.

"The downgrade and CreditWatch placement are due to the company's
announcement that its ongoing investigation regarding accounting
issues has resulted in the resignation of its President; the
continued delay of its restated 2000 and 2001, and 2002 and 2003
audited financial statements; and the opening of an informal
investigation by the SEC regarding these matters," said Standard &
Poor's credit analyst Betsy Snyder.

The accounting issues and financial statements delay were first
reported in March 2003. At that time, the company indicated that
the delay was due to a restatement of several finance lease
transactions in 2000 and 2001, but any restatements were expected
to be modest--resulting in an equity decline of around 1%-2% from
the 2001 year end previously reported amount, and an immaterial
impact on previously reported cash flow. The company still expects
the restated equity to decline by only 1%-2%.  Since then, the
company has been forced to seek waivers twice from its banks
regarding the filing of its restated 2000 and 2001 financial
statements and its 2002 and 2003 audited financial statements and
will have to do so again, since current waivers expire Oct. 31,
2003. The company expects no further management changes.

Princeton, New Jersey-based Interpool continues to have strong
market positions in chassis and marine cargo container leasing, as
well as an adequate financial profile for a transportation
equipment lessor. Interpool is the largest chassis lessor in North
America, with a fleet of approximately 189,000 units. Chassis are
wheeled frames attached to cargo containers that, when combined,
are equivalent to a trailer that can be trucked to its
destination. Interpool's only major competitor in this business is
privately held Flexi-Van Leasing Inc. The chassis leasing business
has tended to generate strong and stable cash flow, even in
periods of economic weakness.

Interpool's other major business is marine cargo container
leasing, in which it is one of the larger participants, with a
fleet of approximately 800,000 units. It also owns 50% of
Container Applications International Inc. Marine cargo container
leasing is a more cyclical business, dependent on global economic
merchandise trends.  However, Interpool's earnings and cash flow
from marine cargo container leasing are somewhat more stable than
those of most industry participants because it concentrates on
multi-year term leases, rather than short-term "master leases." As
a result, its earnings have been less affected than its major
competitors by the overcapacity along with weakness in global
trade that most of the industry suffered from over the past years.
The trend began to reverse in mid-2002, and since then, the
industry has benefited from strong demand and utilization rates
have increased substantially.

Standard & Poor's will monitor Interpool's situation regarding its
completed audited financial statements, the SEC investigation, and
its relationship with its banks to resolve the CreditWatch.


INTRAWEST CORP: Executes 9.75% Notes' 2nd Supplemental Indenture
----------------------------------------------------------------
Intrawest Corporation has successfully completed its Consent
Solicitation relating to the $200 million principal amount of its
9.75% Senior Notes due August 15, 2008.

The Consent Solicitation was conducted in conjunction with
Intrawest's offer to purchase any and all of the outstanding 2008
Notes, and expired at 5:00 p.m., New York City time, on Thursday,
October 9, 2003. A total of $115,250,500, or 58%, of the aggregate
outstanding principal amount of 2008 Notes was tendered in the
Offer and Consent Solicitation prior to the Consent Date.

Accordingly, Intrawest has executed a second supplemental
indenture to the indenture governing the 2008 Notes, the effect of
which is to eliminate substantially all of the restrictive
covenants contained in the indenture. Intrawest has today accepted
for payment the 2008 Notes tendered prior to the Consent Date and
has paid total consideration of $122,585,714.15 (comprised of
purchase price, consent fee and accrued interest) to the holders
of the 2008 Notes so tendered.

The Offer, as described in Intrawest's Offer to Purchase and
Consent Solicitation Statement dated September 29, 2003 and
related Letter of Transmittal, expires at 12:00 midnight, New York
City time, on Tuesday, October 28, 2003. 2008 Notes tendered prior
to the expiration date will be purchased at a price of $1,038.75
per $1,000 principal amount of 2008 Notes.

Intrawest Corporation (IDR:NYSE; ITW:TSX) (S&P, BB- Long-Term
Corporate Credit Rating, Positive Outlook) is the world's leading
developer and operator of village-centered resorts. The company
owns or controls 10 mountain resorts, including Whistler
Blackcomb, North America's most popular mountain resort. Intrawest
also owns Sandestin Golf and Beach Resort in Florida and has a
premier vacation ownership business, Club Intrawest. The Company
is developing additional resort villages at six resorts in North
America and Europe. The Company has a 45 per cent interest in
Alpine Helicopters Ltd., owner of Canadian Mountain Holidays, the
largest heli-skiing operation in the world. Intrawest is
headquartered in Vancouver, British Columbia and is located on the
World Wide Web at http://www.intrawest.com


JAMES CABLE: Court Approves First Amended Disclosure Statement
--------------------------------------------------------------
On June 26, 2003, James Cable Partners, L.P. and James Cable
Finance Corp., a wholly-owned subsidiary of James Cable, filed
separate voluntary petitions for reorganization under Chapter 11
of the Bankruptcy Code in the United States Bankruptcy Court for
the Middle District of Georgia, Macon Division. The cases are
being jointly administered under the caption "In re: James Cable
Partners, L.P., et al., Case No. 03-52842".

On October 6, 2003, the Bankruptcy Court entered an order:

--    Approving the Company's first amended disclosure statement
      dated September 18, 2003;

--    Scheduling a hearing on November 25, 2003 at 2:30 p.m.
      (Eastern Time) for confirmation of the Company's proposed
      first amended plan of reorganization dated September 18,
      2003;

--    Setting a deadline of November 13, 2003 at 5:00 p.m.
      (Eastern Time), and establishing procedures, for filing
      objections to the Plan;

--    Setting October 7, 2003 as the record date for the mailing
      of solicitation materials and voting purposes;

--    Approving solicitation packages and procedures for
      distributing those packages to creditors;

--    Approving the form of notice for the confirmation hearing
      and certain related matters;

--    Approving the forms of the ballots to be used by creditors
      to vote on the Plan; and

--    Establishing a voting deadline of November 11, 2003 at 5:00
      p.m. (Eastern Time), and procedures for tabulating votes on
      the Plan.

As more thoroughly described in the Disclosure Statement, the
primary purpose of the Plan is to effectuate a restructuring of
James Cable and its outstanding indebtedness and resolve James
Cable's liquidity problems, thereby enhancing the recoveries for
James Cable's creditors and enabling James Cable to continue as a
going concern. Another purpose of the Plan is to effectuate a
liquidation and dissolution of James Cable Finance, a non-
operating wholly-owned subsidiary of James Cable. If the Plan is
confirmed, James Cable will reorganize into a limited liability
company organized under the laws of the State of Delaware and a
holding company, James Cable Holdings, LLC, will be organized as a
limited liability company under the laws of the State of Delaware.
In addition, pursuant to the Plan, James Cable Finance will be
liquidated and the creditors of James Cable Finance, whose only
asset is $1,000 of cash, will receive the distributions on account
of their claims described in greater detail in the Disclosure
Statement.

The Plan contemplates reducing the principal amount of James
Cable's outstanding indebtedness by converting the claims of
holders of the Notes into equity interests in Reorganized James
Cable. In addition, by providing Reorganized James Cable with a
de-leveraged capital structure, the company that results from the
restructuring should be positioned favorably to withstand the
normal fluctuations in the cable and telecommunications industry.
To that end, by offering the holders of Note Claims a significant
percentage of the equity of the Reorganized James Cable on a post-
restructuring basis, the Company intends that these holders will
participate in the long term growth opportunity of Reorganized
James Cable's business.

The Plan contemplates the issuance, upon the Effective Date of the
Plan, of new equity interests in Reorganized James Cable that will
be allocated as follows: (i) 93%, on a pro rata basis, to holders
of the Note Claims; and (ii) the remaining 7%, on a pro rata
basis, to the holders of the existing equity interests in James
Cable. In addition, certain holders of Note Claims will be able to
elect, as an alternative to receiving their pro rata share of the
93% of new equity interests in Reorganized James Cable, to receive
$540 per $1,000 principal amount of the Notes held by such holders
in cash, on the effective date of the Plan, in full satisfaction
of its Note Claim. Thereafter, pursuant to the Plan, the equity
interests of Reorganized James Cable will be contributed to James
Cable Holdings, which will serve as a holding company for the
business and assets of James Cable following the reorganization.
In short, each holder of a Note that does not elect to receive
cash will end up with an equity interest in a newly formed,
privately-held entity that serves as a holding company for the
business and assets of James Cable following the reorganization.

The Plan also contemplates that on the Effective Date, the
Company's existing secured creditors, on account of their Lenders'
claims, either (A) will retain their liens and security interests
and be paid in accordance with James Cable's pre-petition credit
agreement or (B) will be paid the entire amount of the Lenders'
Claims in full, and without premium of any kind. If the Lender's
retain their liens and security interests and are to be paid
pursuant to the Pre-Petition Credit Agreement, then the Pre-
Petition Agreement will be amended and restated upon the Effective
Date of the Plan with the following  mendments: (i) the term will
be extended for 4 years from the Effective Date of the Plan; (ii)
the interest rate applicable to the Loans (as defined in the Pre-
Petition Credit Agreement) will be 12%; (iii) prepayment of the
Loans during the first calendar year following the Effective Date
will bear a 1% premium, during the second calendar year will bear
a 5% premium, during the third calendar year will bear a 3%
premium and during the fourth calendar year will bear no premium;
(iv) provided that the Loans are not paid in full on the Effective
Date, the Lenders will receive a payment equal to 2% of the amount
of the Loans outstanding on the Effective Date; and (v) financial
covenants and similar provisions will be appropriately modified as
agreed to by the Lenders and Reorganized James Cable to reflect
the post-confirmation financial position of Reorganized James
Cable. The Bankruptcy Court has authorized the Company to enter
into a commitment letter with Merrill Lynch Capital for the
purpose of refinancing the Lenders' claims and the indebtedness
outstanding under the Pre-Petition Credit Agreement.

Assuming prompt confirmation of the Plan, the Company anticipates
that it will complete its restructuring and emerge from Chapter 11
by December 2003. It is anticipated that if the Plan is confirmed,
then the Company will emerge from bankruptcy as a private company
and will no longer be required to file periodic reports under the
Securities Exchange Act of 1934.

The foregoing summary of the Plan and the Disclosure Statement
does not purport to be complete and is qualified in its entirety
by the more detailed information that appears in the Plan and the
Disclosure Statement filed with the Bankruptcy Court.

Bankruptcy law does not permit solicitation of acceptances of a
plan of reorganization until the Bankruptcy Court approves the
applicable disclosure statement relating to such plan as providing
adequate information of a kind, and in sufficient detail, as far
as is reasonably practicable in light of the nature and history of
the debtor and the condition of the debtor's books and records,
that would enable a hypothetical reasonable investor typical of
the holder of claims or interests of the relevant class to make an
informed judgment. The disclosures contained herein are not
intended to be, and they should not be construed as, a
solicitation for a vote on the Plan. The Company will emerge from
Chapter 11 if and when the Plan receives the requisite approvals
and is confirmed by the Bankruptcy Court.

Information regarding the Chapter 11 Cases, as well as copies of
the filings made by the Company (including the Plan and the
Disclosure Statement), can be obtained from the Office of the
Clerk of the United States Bankruptcy Court for the Middle
District of Georgia, 433 Cherry Street, P.O. Box 1957, Macon,
Georgia 31202; telephone: 478-752-3506; facsimile: 478-752-8157;
http://www.gamb.uscourts.gov

James Cable owns, operates and develops cable television systems
serving rural communities in Oklahoma, Texas, Georgia, Louisiana,
Colorado, Wyoming, Tennessee, Alabama and Florida. As of September
30, 2003, it served 63,445 basic subscribers and had approximately
8,400 high-speed Internet customers and approximately 3500 dial-up
Internet customers.


KB HOME: Zacks Highlights KB Stock with #1 Ranking
--------------------------------------------------
Zacks.com releases another list of stocks that are currently
members of the coveted Zacks #1 Ranked list which has produced an
average annual return of +33.6% since 1988 and has gained +13.3%
annually since 2000 as the markets have been tumbling down.

Among the #1 ranked stocks highlighted is KB Home (NYSE:KBH).

To see the full Zacks #1 Ranked list or the rank for any other
stock then visit http://www.zacksrank1bw.zacks.com

Here is a synopsis of why the KB Home stock have a Zacks Rank of 1
(Strong Buy). Note that a #1 Strong Buy rating is applied to 5% of
all the stocks we rank:

KB Home (NYSE:KBH) is a builder of single-family homes with
domestic operations in several western states, and international
operations in France. Last month KBH announced that total revenues
in the third quarter of 2003 reached $1.44 billion, an all-time
third quarter high, up +12% from the previous high of $1.29
billion posted in 2002. Net income for the third quarter of 2003
totaled $97.8 million, the highest level for any third quarter in
the company's history, increasing +17% from $83.9 million in the
third quarter of 2002. Diluted earnings per share also established
a new third quarter record of $2.33 in 2003, increasing +19% from
$1.95 per diluted share in the third quarter of 2002. Company-wide
net orders for the quarter ended August 31, 2003 established a new
third quarter record, increasing +16% to 7,319 from the 6,319 net
orders reported for the same quarter of 2002. Home building
continues to be very strong as the interest rates continue at 45-
year lows and the economic outlook is turning more and more
positive. Investors looking to build a solid portfolio may want to
consider this growing homebuilder.

For over 15 years the Zacks Rank has proven that "Earnings
estimate revisions are the most powerful force impacting stock
prices." Since 1988 the #1 Ranked stocks have generated an average
annual return of +33.6% compared to the (a)S&P 500 return of only
+11.3%. Plus this exclusive stock list has generated average gains
of +13.3% during the last 3 years; a substantial return compared
to the large losses suffered by most investors during that time
frame. Also note that the Zacks Rank system has just as many
Strong Sell recommendations (Rank #5) as Strong Buy
recommendations (Rank #1). And since 1988 the S&P 500 has
outperformed the Zacks #5 Ranked stocks by 166.7% annually (11.3%
vs. 4.2% respectively). Thus, the Zacks Rank system can truly be
used to effectively manage the trading in your portfolio.

Zacks.com is a property of Zacks Investment Research, Inc., which
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KB Home (Fitch, BB- Senior Subordinated and BB+ Senior Unsecured
Debt Ratings, Stable) is one of America's largest homebuilders
with domestic operating divisions in the following regions and
states: West Coast -- California; Southwest -- Arizona, Nevada and
New Mexico; Central -- Colorado and Texas; and Southeast --
Florida, Georgia and North Carolina.  Kaufman & Broad S.A., the
Company's majority-owned subsidiary, is one of the largest
homebuilders in France.  In fiscal 2002, the Company delivered
25,565 homes in the United States and France.  It also operates KB
Home Mortgage Company, a full-service mortgage company for the
convenience of its buyers.  Founded in 1957, KB Home is a Fortune
500 company listed on the New York Stock Exchange under the ticker
symbol "KBH."  For more information about any of KB Home's new
home communities, visit the Company's Web site at
http://www.kbhome.com


KNL PROPERTIES: Case Summary & 16 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: KNL Properties, Inc.
        152 Eagle Way
        Stockbridge, Georgia 30281

Bankruptcy Case No.: 03-80525

Chapter 11 Petition Date: October 3, 2003

Court: Northern District of Georgia (Atlanta)

Judge: Joyce Bihary

Debtor's Counsel: Leon S. Jones, Esq.
                  Jones & Walden, LLC
                  5th Floor
                  83 Walton Street
                  Atlanta, GA 30303
                  Tel: 404-954-6605

Estimated Assets: $1 Million to $10 Million

Estimated Debts: $1 Million to $10 Million

Debtor's 16 Largest Unsecured Creditors:

Entity                      Nature Of Claim       Claim Amount
------                      ---------------       ------------
Kim's Hospitality           Money Loaned            $1,873,552
Investment Company
5116 Highway 85
Forest Park, GA 30297

KNL Properties Management   Money Loaned            $1,596,205
5116 Highway 85
Forest Park, GA 30297

Department of Revenue       Taxes                      $63,344

Clayton County Community    Occupancy Tax              $30,087
Development

Ramada Franchise System     Royalty Payments           $14,956

Ralph Ball, CPA             Services Rendered          $14,504

Cendant Supply Services,    Goods Sold                 $10,000
Inc.

Map South                   Advertising                 $8,358

Bell South Advertising      Services Rendered           $3,482

World Cinema                Services Rendered           $3,308

Scana Energy                Services Rendered           $2,032

Diversey Lever, Inc.        Laundry Supplier            $1,428

Western Printing Companies  Services Rendered             $658

Maintenance Warehouse       Services Rendered             $655

I Pages America             Services Rendered             $409

Interconnect Systems, Inc.  Services Rendered             $403


LEVI STRAUSS: S&P Revises Outlook on B Credit Rating to Negative
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on apparel
maker Levi Strauss & Co. to negative from stable.

At the same time, Standard & Poor's affirmed all its outstanding
ratings on Levi Strauss, including the company's corporate credit
rating of 'B'.

About $2.7 billion of rated debt of San Francisco, Calif. -based
Levi Strauss is affected.

The outlook revision follows the company's recent announcement
that it will delay the filings of its third-quarter Form 10-Q with
the SEC and will amend its financial statements for fiscal year
2001 and the third quarter of this year (fiscal 2003). The delay
relates to an improper tax deduction for losses on plant closures
that were mistakenly claimed twice on Levi Strauss' 1998 and 1999
tax returns. This resulted in the company overstating profits in
2001 and the most recent quarter. To correct the error, Levi
Strauss will restate its results for fiscal 2001 and the third
quarter ended Aug. 24, 2003. The company's auditors, KPMG, will
conduct another audit of fiscal 2001 financial statements. There
is the possibility that the new audit may lead to changes to post-
2001 financial statements as well. In addition, the audit
committee must complete its review of the third-quarter results
before senior management can certify the financial statements and
file the statements with the SEC.

"Although the amount of the error, about $30 million, is not
material, Standard & Poor's finds the timing of the disclosure
troublesome because the company just completed a new $1.15 billion
bank refinancing at the end of September. In the absence of any
material adverse change to Levi Strauss' previously reported
financial statements, Standard & Poor's does not expect the filing
delay to have an immediate impact on Levi Strauss' ratings.
However, this development represents another in a series of
challenges for the company. Standard & Poor's is very concerned
about the impediment these events pose to the company as it seeks
to execute a turnaround. Standard & Poor's will closely monitor
the company's progress, and any further meaningful deviations from
plan will prompt an immediate review or downgrade. Furthermore,
any additional surprises or a lack of a prompt resolution of the
audit review and audit will also result in rating review and/or
downgrade," said credit analyst Jayne M. Ross.

The ratings reflect Levi Strauss' leveraged financial profile and
its participation in the highly competitive denim and casual pants
industry. The ratings also reflect the inherent fashion risk in
the apparel industry. This is somewhat offset by the company's
well-recognized brand names in jeans and other apparel.


LITEGLOW INDUSTRIES: Files for Chapter 11 Protection in Florida
---------------------------------------------------------------
On October 2, 2003, Liteglow Industries, Inc. filed bankruptcy
relief pursuant to 11 U.S.C. Chapter 11, Case No. 03-27244-BKC-
RBR, in the Southern District of Florida, Fort Lauderdale
Division.

Liteglow, formerly Graphic Connections, Inc., designs,
manufactures and sells to wholesalers and retailers automotive
aftermarket accessories and specialty products.


LITEGLOW INDUSTRIES: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Liteglow Industries, Inc.
        301 NW 33 Ct #112
        Pompano Beach, Florida 33069

Bankruptcy Case No.: 03-27244

Type of Business: The Company, formerly Graphic Connections, Inc.,
                  designs, manufactures and sells to wholesalers
                  and retailers automotive aftermarket accessories
                  and specialty products.

Chapter 11 Petition Date: October 2, 2003

Court: Southern District of Florida (Broward)

Judge: Raymond B. Ray

Debtor's Counsel: David A Carter, Esq
                  2300 Glades Rd #210W
                  Boca Raton, FL 33431
                  Tel: 561-750-6999

Total Assets: $4,464,623 (as of June 30, 2003)

Total Debts: $3,687,900 (as of June 30, 2003)


MARINER HEALTH: Completes Divestiture of Florida Facilities
-----------------------------------------------------------
Mariner Health Care, Inc., (OTC Bulletin Board: MHCA) has closed
19 of the previously announced sale of 20 Florida skilled nursing
facilities to an affiliate of Formation Capital, LLC and Longwing
Real Estate Ventures, LLC for $86 million.  The remaining facility
is subject to a joint venture arrangement and Mariner is in
continuing discussions with its partner regarding the facility.

The purchase price consists of approximately $73 million in gross
cash proceeds and a five-year subordinated promissory note in the
approximate amount of $13 million.  The net cash proceeds, after
transaction costs and retirement of $11.4 million of facility
specific mortgage debt, were approximately $52.5 million, which
were used to reduce Mariner's outstanding senior term loan balance
to approximately $156.3 million.  Mariner was represented by CIBC
World Markets Corp. in this transaction.

Mariner is headquartered in Atlanta, Georgia and certain of its
subsidiaries and affiliates own and/or operate over 270 skilled
nursing and assisted living facilities as well as 12 long-term
acute care hospitals representing approximately 34,000 beds across
the country.

Formation Capital, LLC, is an Atlanta, Georgia based investor and
owner of senior housing properties.  Longwing Real Estate
Ventures, LLC, is a New York private investment company.


MEDISOLUTION: Brascan Acquires 54M Shares in Conv. Debt Deal
------------------------------------------------------------
Brascan Financial Corporation, a wholly owned subsidiary of
Brascan Corporation (NYSE: BNN, TSX: BNN.a) announced the
acquisition of 54,309,343 common shares of MediSolution Ltd. (TSX:
MSH), of which 50,877,192 common shares were issued to Brascan
Financial upon the exercise by the company of a right to convert
debt in the principal amount of $14,5000,000 at a conversion price
of $0.285 per share and the balance of 3,432,151 common shares
were issued to Brascan Financial at an issue price of $0.47 per
share to compensate the company for converting at this time.

Following the acquisition, Brascan Financial owns 95,061,097
common shares, representing 61% of the issued and outstanding
common shares of MediSolution. Brascan Financial may acquire
additional shares from time to time in its discretion.

Brascan is a real estate, power generation and asset management
company whose objective is to earn a superior return on equity by
operating businesses which produce consistent and sustainable cash
flows. With direct investment of US$15 billion and a further US$5
billion of assets under management Brascan owns 55 high quality
office properties and 42 power generating plants.

The company is listed on the New York and Toronto stock exchanges
under the symbol BNN and BNN.a respectively.

MediSolution Ltd. -- whose June 30, 2003 balance sheet shows a
total shareholders' equity deficit of about $6.5 million -- is a
leading Canadian healthcare information technology company with
offices in Canada and the United States. The company markets a
comprehensive suite of information systems and professional
services to the healthcare industry. More information about
MediSolution is available at http://www.medisolution.com


MERCER INT'L: Closes Sale of $82-Mil. of Conv. Senior Sub. Notes
----------------------------------------------------------------
Mercer International Inc., (Nasdaq:MERCS, TSX:MRI.U, Nasdaq-
Europe: MERC GR) has completed the sale of $82.5 million aggregate
principal amount of convertible senior subordinated notes due
October 15, 2010.

The notes bear interest at a rate of 8.5% per annum and are
convertible into the Company's shares of beneficial interest at a
conversion price of $7.75 per share. The notes were offered only
to qualified institutional buyers in reliance on Rule 144A and to
certain buyers outside the United States in reliance on Regulation
S under the Securities Act of 1933, as amended.

The net proceeds of the offering were used to repay in full the
Company's indebtedness under two bridge loan facilities in the
aggregate principal amount of EUR45 million and the balance will
be used for working capital and other general corporate purposes.

The notes and the shares of beneficial interest issued upon
conversion thereof have not been registered under the Securities
Act or any state or other securities laws and, unless so
registered, may not be offered or sold except pursuant to an
exemption therefrom, or in a transaction not subject to a
registration requirement of the Securities Act and applicable
state and other securities laws.

As reported in Troubled Company Reporter's July 9, 2003 edition,
Mercer International Inc., announced hedge fund Greenlight Capital
Inc.'s disingenuous campaign to have its hand-picked agents take
over control of part of the Company's Board of Trustees at this
critical time.

The Company also said that it was going through the most critical
point of its evolvement. It is in the middle of a EUR1 billion
construction project to build a new pulp mill at Stendal and needs
to refinance two bridge loans which, with accrued interest and
fees, total approximately EUR54.4 million as at May 31, 2003 and
mature commencing October 2003.

"As a result of Greenlight's actions, which appear to be
deliberately designed to derail or delay the Refinancing, the
Board has been forced to put it on hold. In the event the Company
does not complete the Refinancing, it will be in default under the
bridge loans. This could well trigger default on other debt
obligations. Greenlight has not disclosed any plan or its
alternative regarding the Company's short-term requirements to
complete the Refinancing," the Company said.


MIDWEST EXPRESS: Reports Increase in Traffic for September 2003
---------------------------------------------------------------
Midwest Express Holdings, Inc. (NYSE: MEH) reported September
performance data for Midwest Airlines and Midwest Connect.
Compared with September 2002, both airlines reported increases in
traffic, decreases in capacity, increases in load factor and
decreases in yield.

                        Midwest Airlines

    -- In September, Midwest Airlines' traffic (measured in
       scheduled service revenue passenger miles) increased 4.0%
       on a 12.4% decrease in capacity (measured in scheduled
       service available seat miles). Year to date, traffic was
       down 3.1% on a 10.1% decrease in capacity. Midwest Airlines
       expects to capacity to remain generally unchanged in the
       fourth quarter compared with fourth quarter 2002.

    -- Load factor for the month was 64.8%, compared with 54.6% in
       September 2002; year to date, load factor was 65.9%,
       compared with 61.2% last year.

    -- Revenue yield declined 16.5% from September 2002 and 14.5%
       year to date.

    -- Revenue per scheduled service available seat mile decreased
       0.7% in September - higher load factor was not enough to
       offset lower revenue yield, and decreased 7.3% year to
       date.

    -- Fuel prices were 5.6% higher in September than a year ago,
       and 27.1% higher in the first nine months of 2003 than
       2002.

                        Midwest Connect

    -- In September, Midwest Connect's traffic increased 0.2% on
       an 11.6% decrease in capacity. Year to date, traffic was up
       13.8% on a 1.6% increase in capacity. Midwest Connect
       expects to decrease capacity 15-17% in the fourth quarter
       compared with fourth quarter 2002.

    -- Load factor for the month was 54.0%, compared with 47.6% in
       September last year; year to date, load factor was 52.6%,
       compared with 47.0% last year.

    -- Revenue yield declined 2.5% from September 2002 and 17.9%
       year to date.

    -- Revenue per scheduled service available seat mile increased
       13.0% in September - the result of higher load factor
       offsetting lower revenue yield, and decreased 6.2% year to
       date.

    -- Fuel prices were 1.8% higher in September than a year ago,
       and 22.3% higher in the first nine months of 2003 than
       2002.

Midwest Airlines features nonstop jet service to major
destinations throughout the United States. Skyway Airlines, Inc. -
- its wholly owned subsidiary -- operates Midwest Connect, which
offers connections to Midwest Airlines as well as point-to-point
service between select markets on regional jet and turboprop
aircraft. Together, the airlines offer service to 50 cities. More
information is available at http://www.midwestairlines.com

                         *     *     *

As reported in Troubled Company Reporter's August 26, 2003
edition, Midwest Express Holdings reached labor and aircraft
financing restructuring agreements with its unions and aircraft
lessors and lenders have been fully documented and finalized on
terms that the company had anticipated. The company expects these
restructuring measures to reduce costs by approximately $20
million annually going forward.

The negotiation of these agreements enabled the company to avert
the necessity of filing for reorganization under Chapter 11 of the
Bankruptcy Code. Outlining the next step for the company, Robert
S. Bahlman, Midwest's chief financial officer, noted, "Now we are
in a better position to secure additional financing to complete
our restructuring program."


MIRANT CORP: Court Okays AP Services as Debtor's Crisis Managers
----------------------------------------------------------------
The MAGI Committee, appointed in the Mirant Debtors' bankruptcy
cases, wants additional information regarding the proposed bonus
structures, in relation to the Debtors' proposed employment of AP
Services as Crisis Managers.

                         U.S. Trustee

The U.S. Trustee for Region 6, William T. Neary, notes that AP
Services' requested $5,000,000 success fee may duplicate the
Blackstone Group's $7,000,000 "restructuring fee."  In addition,
each of the Committees may be expected to employ financial
advisors who are likely to request "back-end" fees of similar
magnitudes.  Erin Marie Schmidt, Esq., at the Office of the U.S.
Trustee, in Dallas, Texas, contends that the reasonableness of
these fees should be demonstrated to the Court.

Moreover, Ms. Schmidt notes that AP Services also plans to
include a "communication charge to cover telephone and facsimile
charges that is calculated at $4 per billable hour of time worked
on behalf of the Company."  AP Services should not be permitted
to bill this communication charge.  AP Services may recoup its
actual "communications" expenses for only actual long distance,
photocopying and fax expenses.

                    Mirant Creditors' Committee

The Mirant Creditors' Committee does not object to the Debtors'
employment of AP Services.  However, the Committee believes that
it is inappropriate for AP Services' employment agreement to
provide for a Success Fee.

Jason S. Brookner, Esq., at Andrews & Kurth LLP, in New York,
relates that any Success Fee, bonus or additional "back-end"
compensation should be applied for by AP Services at the
conclusion of these cases, subject to Court approval and reviewed
by the parties-in-interest.

Mr. Brookner notes that there are no qualifications or
restrictions on when the Success Fee is earned, except that a
plan of reorganization is consummated.  This could lead, among
other things, to the absurd result of AP Services earning a
success fee for the consummation of a plan that was proposed by a
party other than the Debtors to which AP Services has no
involvement.

Accordingly, the Mirant Creditors' Committee asks the Court to
limit and clarify the terms of AP Services' compensation.

                          *     *     *

Pursuant to Section 363 of the Bankruptcy Code, U.S. Bankruptcy
Court Judge Lynn authorizes the Debtors to employ AP Services
pursuant to the Engagement Letter, provided that:

   (a) the Engagement Letter is revised to provide that AP
       Services employees serving as the Debtors' officers will
       be entitled to receive only whatever indemnities are made
       available, during the term of its engagement, to other
       non-AP Services affiliated officers of the Debtors,
       whether under the Debtors' by-laws, certificate of
       incorporation, applicable corporation laws, or
       contractual agreements of general applicability to the
       Debtors;

   (b) Neither AP Services nor Temporary Employees, not serving
       as the Debtors' officers, will be entitled to
       indemnification provided by the Debtors;

   (c) The Engagement Letter is revised to provide that there
       will be no "communication charge";

   (d) The definition, parameters and size of any Success Fee
       will be determined based on reasonableness after
       application and notice to all parties-in-interest and
       Court hearing, and will be subject to separate Court
       order.  The U.S. Trustee's and all parties-in-interest's
       objections are preserved until that time;

   (e) AP Services will not be entitled to receive a Success Fee
       to the extent it is terminated for actions constituting
       gross negligence or willful misconduct; and

   (f) AP Services will not be entitled to receive a Success
       Fee in the event the Debtors' cases are converted to
       Chapter 7, unless the Chapter 7 Trustee ratifies or
       continues the Engagement Letter.

                         *    *    *

Under the terms of the Engagement Letter dated July 14, 2003,
Robert Dangremond will be designated as their Chief Restructuring
Officer.

Moreover, under the terms of the Engagement Letter:

   (a) AP will provide certain temporary employees to the
       Debtors to assist them in their restructuring;

   (b) Mr. Dangremond will assist the Debtors in their
       operations with an objective of restructuring the
       Debtors, and manage the Debtors' restructuring efforts,
       including negotiating with parties-in-interest, and
       coordinating the "working group" of the Debtors'
       employees and external professionals who are assisting
       the Debtors in the restructuring; and

   (c) The Temporary Employees will assist Mr. Dangremond.

The firm will charge the Debtors these hourly rates:

   Principal                      $420 - 670
   Senior Associates               325 - 495
   Associates                      375 - 390
   Accountants and Consultants     225 - 280
   Analysts                        150 - 180
   Paraprofessionals               105 - 110
(Mirant Bankruptcy News, Issue No. 9; Bankruptcy Creditors'
Service, Inc., 609/392-0900)


NATIONAL CENTURY: Continuing Cash Collateral Use Until Oct. 31
--------------------------------------------------------------
U.S. Bankruptcy Court Judge Calhoun authorizes the National
Century Financial Enterprises Debtors to use the Cash Collateral
through and including October 31, 2003, as may be extended
pursuant to further Court order -- the Specified Period.

In addition, Judge Calhoun orders that:

   (a) Metropolitan Life Insurance Company and Lloyds will have
       the right, from and after September 15, 2003 to withdraw
       their consent to the Debtors' use of cash collateral under
       the Court Order and will have the right, on an expedited
       basis, to move for relief based on their withdrawal of
       consent to the Further Order;

   (b) The Debtors may use Cash Collateral solely:

          -- during the Specified Period; and

          -- up to the aggregate amounts stated and for the
             purposes identified in the Cash Collateral Budget,
             to the extent that the amounts and purposes are
             reasonable, necessary and customary.

   (c) The Debtors may use the Cash Collateral only to the extent
       that other unencumbered funds are not available for the
       Debtors' use during the Specified Period;

   (d) The Cash Collateral may not be used to pay any amounts to
       or on behalf of the member of the board of directors of
       NCFE, Inc. as of July 14, 2003 in respect of their status
       as members of the Board or any expenses incurred in
       connection therewith, make loans, purchase receivables or
       provide any form of financing to health care providers
       without the consent of the Indenture Trustees and the
       Subcommittees, and upon further Court order; and

   (e) The Debtors may use, as Cash Collateral, funds from the
       NPF VI or NPF XII restricted SPV -- Special Purpose
       Vehicle -- accounts described in the Cash Collateral
       Budget as "Collection and "Purchase" accounts, but only in
       accordance with and limited by the Cash Collateral Budget,
       and the funds, only as required and authorized, will be
       transferred from the Restricted SPV Accounts to the
       Debtors.  The funds transferred from the Restricted SPV
       Accounts will not exceed $15,000,000.

National Century Financial Enterprises, Inc.'s Thirteen Week
Projected Cash Flow report (updated August 5, 2003) for the
period from August 8, 2003 to October 31, 2003 is available at no
charge at:

  http://bankrupt.com/misc/NCFE_cshflwforecast_80803to103103.pdf

(National Century Bankruptcy News, Issue No. 24; Bankruptcy
Creditors' Service, Inc., 609/392-0900)


NESCO INDUSTRIES: Taps BP Audit Group to Replace Grant Thornton
---------------------------------------------------------------
Effective September 25, 2003, Grant Thornton LLP resigned as the
independent auditors that audit and report on the financial
statements of Nesco Industries Inc.

Grant Thornton's report on the Company's financial statements for
the fiscal year ended April 30, 2003 raised a substantial doubt
about the ability of the Company to continue as a going concern
due to, among other things, the accumulated deficit in
shareholders' equity, negative working capital and net losses of
the Company.

Effective September 29, 2003, the Company engaged BP Audit Group,
PLLC as independent auditors to replace Grant Thornton. The Board
of Directors of the Company has approved the engagement of BP
Audit Group.


OAKWOOD HOMES: S&P Further Cuts Ratings on Related Trust Classes
----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its ratings on the
subordinate B-1 classes of Oakwood Mortgage Investors Inc. 1998-B,
OMI Trust 1999-C, OMI Trust 2001-C, OMI Trust 2001-D, and OMI
Trust 2001-E. At the same time, the rating on the class M-2 of OMI
Trust 2000-D is also being lowered.

The lowered ratings reflect the unlikelihood that investors will
receive timely interest and the ultimate repayment of their
original principal investments. OMI Trust 1999-C and OMI Trust
2001-C each reported an outstanding liquidation loss interest
shortfall for their B-1 classes on the September 2003 payment
date. Standard & Poor's believes that B-1 interest shortfalls for
these deals will continue to be prevalent in the future, given the
adverse performance trends displayed by the underlying pool of
manufactured housing retail installment contracts originated by
Oakwood Homes Corp., and the location of B-1 write-down interest
at the bottom of the transaction payment priorities (after
distributions of senior principal).

High losses during the past year have reduced the Oakwood Mortgage
Investors Inc. 1998-B overcollateralization ratio to zero,
resulting in the complete principal write-down on the B-2 class,
and the partial principal write-down of the B-1 class. In
addition, OMI Trust 2001-D and OMI Trust 2001-E are expected to
experience their first principal write-down on class B-1 in the
near future, and OMI Trust 2000-D should have its first principal
write-down on class M-2 in the near future as well.

Standard & Poor's will continue to monitor the ratings associated
with these classes in anticipation of future defaults.

                        RATINGS LOWERED

              Oakwood Mortgage Investors Inc. 1998-B

                    Rating
        Class   To          From
        B-1     CC          CCC

                       OMI Trust 1999-C

                    Rating
        Class   To          From
        B-1     D           CC

                       OMI Trust 2001-C

                    Rating
        Class   To          From
        B-1     D           CC

                       OMI Trust 2001-D

                    Rating
        Class   To          From
        B-1     CCC-        CCC+

                      OMI Trust 2001-E

                    Rating
        Class   To          From
        B-1     CCC-        CCC+

                      OMI Trust 2000-D

                    Rating
        Class   To          From
        M-2     CCC-        CCC+


OXFORD AUTOMOTIVE: S&P Withdraws Low-B Level Corp. Credit Rating
----------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'B+' corporate
credit rating on Troy, Michigan-based Oxford Automotive Inc. and
removed the rating from CreditWatch where it was placed
Sept. 12, 2003.

"Oxford previously postponed a debt offering and is currently in
the process of evaluating alternative financing options," said
Standard & Poor's credit analyst Eric Ballantine.

Oxford is a tier-one supplier of specialized metal-formed systems,
modules, and assemblies. The company has three main product areas:
structural assemblies, mechanisms, and springs. Oxford's core
products are assemblies that contain multiple stamped parts,
forgings, and various welded, or fastened components that are
incorporated into the body or undercarriage of the vehicle.


PENN TRAFFIC: Seeks Clearance to Close 16 of 211 Supermarkets
-------------------------------------------------------------
The Penn Traffic Company (OTC: PNFTQ.PK) is seeking permission
from the U.S. Bankruptcy Court for the Southern District of New
York in White Plains to close 16 of its 211 supermarkets.

Penn Traffic said that the store closures would affect
approximately 1,035 employees and that all 16 stores would close
by the end of the year, pending court approval. A list of all 16
stores is attached.

"These 16 supermarkets were unprofitable or among our least
profitable stores, and our analysis indicated that there was
little or no potential for them to become more profitable in the
future because of a variety of economic and competitive factors,"
said Steven G. Panagos, Penn Traffic's Interim Chief Executive
Officer.

"Closing these stores was a very difficult decision, because we
recognize how hard the employees in these stores have been working
to make them a success, and we understand that the closings will
be inconvenient for the many customers of the stores and the
communities in which they are located," said Mr. Panagos. "We
believe, however, that these moves are necessary for Penn Traffic
to exit Chapter 11 a stronger, more competitive company."

Penn Traffic said it believes that by the end of October it will
obtain approval from the court to close the 16 stores.

Penn Traffic and its affiliates filed voluntary petitions for
reorganization under chapter 11 of the U.S. Bankruptcy Code on May
30, 2003. The Company has said that it intends to take the steps
necessary to reorganize and emerge from chapter 11 as quickly as
possible.

The Penn Traffic Company operates 211 supermarkets in Ohio, West
Virginia, Pennsylvania, upstate New York, Vermont and New
Hampshire under the Big Bear, Big Bear Plus, BiLo, P&C and Quality
trade names. Penn Traffic also operates a wholesale food
distribution business serving 77 licensed franchises and 42
independent operators.


PERRY ELLIS: Executives and Board Members Adopt 10b5-1 Plans
------------------------------------------------------------
Perry Ellis International, Inc. (Nasdaq:PERY) announced that its
Chairman and Chief Executive Officer, George Feldenkreis, its
President and Chief Operating Officer, Oscar Feldenkreis and
certain of its Directors have entered into prearranged stock
trading plans pursuant to SEC Rule 10b5-1 of the Securities
Exchange Act of 1934.

Rule 10b5-1 permits officers and directors of public companies to
adopt predetermined plans for selling specified amounts of stock.
The plans may be used to diversify investment portfolios and to
minimize the market effect of stock sales.

George Feldenkreis beneficially holds 2.2 million shares, and he
anticipates that the total number of shares he will sell under the
plan will not exceed 350,000 shares over the next 15 months. Oscar
Feldenkreis beneficially holds 1.6 million shares, and he
anticipates that the total number of shares he will sell under the
plan will not exceed 100,000 shares over the next six months.

George Feldenkreis commented: "I made the decision to adopt a
10b5-1 plan on the recommendation of my advisors as an orderly way
of dealing with the sale of stock and to finalize some tax and
estate planning. I am extremely confident about the future of the
company and I believe that my share sales and those of other
directors who adopted 10b5-1 plans will enhance the public float
of the company's stock. Following the sale, the I will still
continue to retain significant ownership in Perry Ellis."

Perry Ellis also announced that the Board of Directors had
authorized a share repurchase program whereby the company could
buy back shares equal to the amount of funds received from stock
option exercises. The buy back program would be available during
the next 12 months in the open market or in privately negotiated
transactions.

Perry Ellis International, Inc. (S&P, B+ Corporate Credit Rating,
Stable) is a leading designer, distributor and licensor of a broad
line of high quality men's sportswear, including causal and dress
casual shirts, golf sportswear, sweaters, dress casual pants and
shorts, jeans wear, active wear and men's and women's swimwear to
all major levels of retail distribution. The company's portfolio
of brands includes 18 of the leading names in fashion such as
Perry Ellis(R), Jantzen(R), Munsingwear(R), John Henry(R), Grand
Slam(R), Natural Issue(R), Penguin Sport(R), the Havanera Co.(TM),
Axis(R), and Tricots St. Raphael(R). The Company licenses the
Nike(R), Tommy Hilfiger(R), PING(R), Ocean Pacific(R) and
NAUTICA(R) brands. Additional information on PEI is available at
http://www.perryelliscorporate.com


PETRACOM OF JOPLIN: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Petracom of Joplin, LLC
        1527 North Dale Mabry
        Suite 105
        Lutz, Florida 33549

Bankruptcy Case No.: 03-20980

Chapter 11 Petition Date: October 9, 2003

Court: Middle District of Florida (Tampa)

Judge: Alexander L. Paskay

Debtor's Counsel: Harley E. Riedel, Esq.
                  Stichter, Riedel, Blain & Prosser, P.A.
                  110 E. Madison St., #200
                  Tampa, FL 33602
                  Tel: 813-229-0144

Estimated Assets: $1 Million to $10 Million

Estimated Debts: $1 Million to $10 Million


PETROLEUM: Class 4's Have Until Oct. 24 to Choose Distribution
--------------------------------------------------------------
Petroleum Geo-Services ASA (debtor in possession) (OSE:PGS) (Pink
Sheets:PGOGY) announced that Class 4 creditors will have until
October 24, 2003 (or October 21, 2003, in the case of holders of
Allowed Bondholders Claims who must duly inform their Nominee of
their elections and allow their Nominee sufficient time to tally
their elections and mail them so they are received by the Debtor's
agent) to ensure that their intended choice of distributions under
the Company's restructuring plan are recognized by the Debtor
pursuant to its restructuring plan.

Pursuant to the Debtor's First Amended Plan of Reorganization,
dated September 10, 2003 and the Order: (i) Approving Debtor's
Disclosure Statement; and (ii) Establishing Solicitation and
Confirmation Process Procedures, the Distribution Record Date in
respect of Allowed Bondholder Claims and Allowed Bank Claims is
October 14, 2003 at 5:00 p.m., New York Time. (All terms used
herein and not defined herein will have the meaning given to them
in the Plan.) Holders of such Claims as of the Distribution Record
Date are entitled to receive a distribution in accordance with the
Plan.

THE DEBTOR IS NOT ALLOWING ADDITIONAL TIME TO VOTE TO ACCEPT OR
REJECT THE PLAN. THE DEBTOR IS ONLY ALLOWING ADDITIONAL TIME FOR
CLASS 4 CREDITORS TO MAKE THE ELECTIONS DESCRIBED BELOW. THE
VOTING DEADLINE REMAINS OCTOBER 14, 2003 AND ALL BALLOTS AND
MASTER BALLOTS MUST BE RETURNED TO THE DEBTOR'S BALLOTING AGENT BY
SUCH DATE.

For the avoidance of any doubt, and in order to ensure that each
holder of an Allowed Bank Claim and/or Allowed Bondholder Claim
receives its intended distribution pursuant to the Plan, the
Debtor intends to propose a technical modification to the Plan to
allow additional time for holders of such Claims to ensure that
their intended Plan allocations in respect of the Package A
Distribution, the Package B Distribution and designation of New
PGS Ordinary Shares as Offered Shares, are recognized by the
Debtor pursuant to the Plan. The Distribution Record Date
(October 14, 2003) is not being changed.

In this regard, each beneficial owner of an Allowed Bondholder
Claim as at the Distribution Record Date (October 14, 2003) must
duly inform its respective broker, bank, dealer or other agent or
nominee (each of the foregoing, a "Nominee") of its elections
under the Plan respecting (i) its election of (a) the Package A
Distribution and/or (b) the Package B Distribution, and (ii) if
such Holder elects in whole or in part for the Package B
Distribution, what percentage, if any, of its New PGS Ordinary
Shares that it designates as Offered Shares. This form will be
sent to each Nominee by the Debtor and will be posted on the
Company's Web site at http://www.pgs.com/restructuring). Each
Nominee must return to Bankruptcy Services LLC, the Debtor's
balloting agent, the properly completed election form so it is
received by BSI no later than 5:00 p.m. New York time on
October 24, 2003. To be properly completed the form must contain
no less than the following information:

1. A certification from the Nominee that the Holder was a
   registered or beneficial holder of a Allowed Class 4 Bondholder
   Claim with the Nominee as at the Distribution Record Date
   (October 14, 2003); and

2. The principal amount of such Holder's Allowed Class 4
   Bondholder Claim as at the Distribution Record Date
   (October 14, 2003) broken down, if applicable, between the
   Existing Notes held by such Holder; and

3. The Holder's allocation of its Class 4 election between the
   Package A Distribution and the Package B Distribution; and

4. If the Holder selected the Package B Distribution with respect
   to any portion of its Claim, specify what percentage, if any,
   of such Holder's New PGS Ordinary Shares received in respect of
   the Package B Distribution that should become Offered Shares.

The Debtor will provide holders of Allowed Class 4 Bank Claims
with a similar opportunity, and will transmit to the Agent Banks
under each Bank Facility individual election forms -- which will
be posted on the Company's Web site at
http://www.pgs.com/restructuring-- for the Agent Banks to
distribute to the holders of Allowed Bank Claims as of the
Distribution Record Date. Holders of Allowed Class 4 Bank Claims
as at the Distribution Record Date (October 14, 2003) that desire
to make an election or change their previously submitted election
must complete and return the election forms so that they are
received by BSI no later than the Allocation Deadline.

PURSUANT TO SECTION 4.4 OF THE PLAN, (I) IF ANY NOMINEE FAILS TO
PROVIDE THE AFOREMENTIONED INFORMATION TO BSI BY THE ALLOCATION
DEADLINE, EACH HOLDER OF AN ALLOWED BONDHOLDER CLAIM FOR WHOM THE
ELECTIONS ARE NOT MADE AND PROPERLY REFLECTED IN THE ELECTION FORM
WILL BE DEEMED TO HAVE ELECTED TO RECEIVE THE PACKAGE B
DISTRIBUTION, AND WILL BE DEEMED TO HAVE ELECTED TO HAVE 100% OF
THEIR NEW PGS ORDINARY SHARES BECOME OFFERED SHARES; AND (II) IF
ANY HOLDER OF AN ALLOWED BANK CLAIM AS OF THE DISTRIBUTION RECORD
DATE FAILED TO HAVE PREVIOUSLY SUBMITTED A TIMELY INDIVIDUAL
BALLOT AND DOES NOT RETURN A PROPERLY COMPLETED ELECTION FORM TO
BSI BY THE ALLOCATION DEADLINE, SUCH HOLDER WILL BE DEEMED TO HAVE
ELECTED TO RECEIVE THE PACKAGE B DISTRIBUTION, AND WILL BE DEEMED
TO HAVE ELECTED TO HAVE 100% OF THEIR NEW PGS ORDINARY SHARES
BECOME OFFERED SHARES. IT IS THEREFORE IMPERATIVE THAT EACH
NOMINEE AND EACH HOLDER OF AN ALLOWED BANK CLAIM PROVIDE THE
AFOREMENTIONED INFORMATION TO BSI BY THE ALLOCATION DEADLINE.

THE DEBTOR INTENDS TO SEEK BANKRUPTCY COURT APPROVAL OF THESE
PROCEDURES, WHICH WILL REQUIRE A TECHNICAL MODIFICATION OF THE
PLAN, AT THE HEARING TO CONSIDER CONFIRMATION OF THE PLAN THAT
WILL BE HELD ON OCTOBER 21, 2003, AT THE UNITED STATES BANKRUPTCY
COURT FOR THE SOUTHERN DISTRICT OF NEW YORK.

PLEASE NOTE THAT FOR THE PURPOSE OF ANY DISTRIBUTIONS TO HOLDERS
OF ALLOWED CLASS 4 CLAIMS MADE ON THE EFFECTIVE DATE OR THEREAFTER
IN ACCORDANCE WITH THE PLAN, THE DEBTOR WILL NOT RECOGNIZE ANY
TRANSFERS OF ANY OWNERSHIP OF ALLOWED CLASS 4 CLAIMS AFTER THE
DISTRIBUTION RECORD DATE (OCTOBER 14, 2003). ACCORDINGLY, ANY
TRANSFERS MADE AFTER OCTOBER 14, 2003, SHOULD CONTAIN APPROPRIATE
INSTRUCTIONS AS BETWEEN THE TRANSFEROR AND TRANSFEREE, INCLUDING,
FOR EXAMPLE, A NOTIFICATION AS TO THE ALLOCATION BETWEEN THE
PACKAGE A DISTRIBUTION AND THE PACKAGE B DISTRIBUTION (AND THE
DESIGNATION OF NEW PGS ORDINARY SHARES AS OFFERED SHARES, IF
APPLICABLE) REPORTED BY THE NOMINEE TO BSI WITH RESPECT TO THE
ALLOWED CLASS 4 CLAIM BEING TRANSFERRED.

Petroleum Geo-Services is a technologically focused oilfield
service company principally involved in geophysical and floating
production services. PGS provides a broad range of seismic- and
reservoir services, including acquisition, processing,
interpretation, and field evaluation. PGS owns and operates four
floating production, storage and offloading units. PGS operates on
a worldwide basis with headquarters in Oslo, Norway. For more
information on Petroleum Geo-Services visit http://www.pgs.com


PG&E NAT'L: Energy Services Provides Statement of Fin'l Affairs
---------------------------------------------------------------
Thomas E. Legro, PG&E Energy Services Ventures Inc. Vice
President and Chief Accounting Officer, reports that during the
two years immediately preceding the date PG&E Energy Services
filed its Chapter 11 case, it received these revenues from
employment, trade or profession, or from the operation of its
business:

    Time Period                              Amount
    -----------                              ------
    Year-to-Date as of September 22, 2003  $3,234,862
    Year-ended December 31, 2002            1,098,774
    Year-ended December 31, 2001            4,915,609

PG&E Energy Services also earned $112,528 from revenues other
than employment, trade, profession, or operation of its business:

     Time Period                             Amount
     -----------                             ------
     Year-to-Date as of September 22, 2003   $6,563
     Year-ended December 31, 2002            30,838
     Year-ended December 31, 2001            75,127

PG&E Energy Services made payments aggregating $434,205 to
creditors on account of loans, installment purchases of goods or
services, and other debts within the 90-day period immediately
before the Petition Date.  Among the largest payees are:

     Payee                                            Amount
     -----                                            ------
     Cupertino Electric, Inc.                         $3,420
     Fidelity                                          1,439
     Mellon Bank, NA                                   4,590
     Nelson-Brown Equities, Inc.                      54,448
     PG&E Corporation                                 11,782
     Shulman, Rogers, Gandal, Pordy & Ecker           33,415
     US Leasing LLC c/o GECC                         313,097
     Walther Electric Co., Inc.                        3,312

Within one year immediately before the Petition Date, PG&E Energy
Services paid $4,582,741 for the benefit of creditors who are
insiders.  As of July 29, 2003, the Insiders who received payment
for PG&E Energy Services are:

     Payee                                            Amount
     -----                                            ------
     PG&E Energy Trading - Power LP               $1,826,728
     PG&E Energy Trading - Gas Corporation             1,258
     PG&E Gas Transmission Northwest Corp.            19,604
     PG&E National Energy Group Company            2,700,651
     Samir Barakat                                    34,500

Deloitte & Touche, LLP audits PG&E Energy Services' books of
account and records, and prepares its financial statements. (PG&E
National Bankruptcy News, Issue No. 7; Bankruptcy Creditors'
Service, Inc., 609/392-0900)


PILLOWTEX CORP: Creditor Committee Taps Blank Rome as Co-Counsel
----------------------------------------------------------------
Blank Rome, LLP is a nationally recognized law firm with offices
in Wilmington, Manhattan, Philadelphia and other locations,
having extensive experience and expertise in bankruptcy and
reorganization proceedings.  Michael B. Schaedle, Esq., a Blank
Rome partner, relates that attorneys at Blank Rome have broad-
based experience and a national reputation in bankruptcy and
reorganization proceedings.

For these reasons, the Official Committee of Unsecured Creditors
of the Pillowtex Debtors wants to retain Blank Rome as its co-
counsel, nunc pro tunc to August 11, 2003.

Through Blank Rome, the Committee will have the benefit of the
firm's knowledge and experience, as well as the ability to call
upon other attorneys within Blank Rome with expertise in other
specialized areas of law, as may be needed.

Blank Rome's primary role is anticipated to be the Committee's
Delaware counsel, facilitating the Committee's interaction with
the Court and other Delaware counsel.  The firm will also support
and assist the Committee's lead counsel, Hahn & Hessen, as
appropriate.

Blank Rome will be compensated for its legal services on an
hourly basis in accordance with its ordinary and customary rates
that are in effect on the date the services are rendered, subject
to periodic adjustment.  Mr. Schaedle relates that Blank Rome's
current hourly rates with respect to the primary members of the
engagement team are:

   William J. Burnett              $245
   Michael B. Schaedle              320
   Bonnie Glantz Fatell             440

Other Blank Rome attorneys who may be involved in the case as
needed have these hourly rates:

   Partners and Counsel      $310 - 700
   Associates                 185 - 310
   Paralegals                  80 - 210

In addition to the hourly rates, Blank Rome customarily charges
clients for the firm's actual and necessary costs of support
services provided in connection with a representation, including
court reporters, transcripts, computerized research, filing fees,
photocopying charges, long distance telephone calls, facsimile
transmissions, messengers, courier mail, secretarial overtime,
temporary services, travel, lodging, and catering for meetings.

Mr. Schaedle assures the Court that Blank Rome does not hold any
interest adverse to the Debtors' estates and will not represent
any entity with an adverse interest in connection with the manner
that Blank Rome is to be retained, except in these instances:

   (a) From time to time in discrete matters involving a
       specialty lending product, Blank Rome represents Bank of
       America, N.A., agent for certain secured term indebtedness
       of the Debtors.  Blank Rome does not and will not
       represent Bank of America or any of its affiliates in
       these cases or in connection with any of its claims
       against the Debtors;

   (b) Blank Rome represents from time to time in discrete
       matters, Congress Financial Corporation, the Debtors'
       proposed postpetition lender.  Blank Rome does
       not and will not represent Congress in these cases;

   (c) In the Debtors' predecessors' Chapter 11 cases, Blank Rome
       represented the North River Insurance Company in
       connection with certain claim issues.  Blank Rome does not
       presently represent North River and will not represent
       North River in these Chapter 11 cases;

   (d) In the Debtors' predecessors' Chapter 11 cases,
       Blank Rome represented Key Equipment Finance, a division
       of Key Corporate Capital, Inc.  KEF is an equipment lessor
       in the Debtors' cases.  Blank Rome presently represents
       KEF in discrete matters, but does not and will not
       represent KEF in these Chapter 11 cases;

   (e) Blank Rome represents affiliates of Wells Fargo Bank, N.A.
       in discrete matters but does not and will not represent
       Wells Fargo or its affiliates in these Chapter 11 cases;

   (f) Fleet Bank has been identified as a lender or participant
       in a revolving credit financing facility agented by
       Congress.  Blank Rome represents Fleet's affiliates in
       discrete matters.  Blank Rome does not and will not
       represent Fleet or Fleet affiliates in these Chapter 11
       cases; and

   (g) Parkdale Mills, Inc. is an unsecured creditor in these
       cases and a Committee member.  Blank Rome represents
       Parkdale and its affiliates as Delaware counsel in the
       Burlington Industries, Inc. Chapter 11 cases.  Blank Rome
       does not and will not represent Parkdale or Parkdale
       affiliates in these Chapter 11 cases.

Mr. Schaedle also discloses that from time to time, Blank Rome
represents syndicated lending groups or their agents, and some
creditors in these cases may be members of lending groups
represented by Blank Rome in other matters.  Moreover, it is
possible that Blank Rome may have represented or may continue to
represent other creditors or interest holders of the Debtors in
unrelated matters from time to time, but Mr. Schaedle assures the
Court that Blank Rome is not representing any of these parties in
these cases.

Mr. Schaedle attests that Blank Rome is a "disinterested person"
as that term is defined under Section 101(14) of the Bankruptcy
Code and applicable bankruptcy law. (Pillowtex Bankruptcy News,
Issue No. 52; Bankruptcy Creditors' Service, Inc., 609/392-0900)


POLAR MOLECULAR: Files June Quarterly Report on SEC Form 10-Q
-------------------------------------------------------------
On September 23, 2003, Polar Molecular Holding Corporation filed
with the Securities and Exchange Commission its Quarterly Report
on Form 10-Q for the period ended June 30, 2003.

The unaudited financial information included in the Quarterly
Report was reviewed by Hein + Associates LLP in accordance with
the requirements of Rule 10-01 of Regulation S-X. Hein was engaged
for this purpose, and to be PMHC's independent auditors for the
fiscal year ending December 31, 2003, on September 18, 2003.

Prior to the filing of the Quarterly Report, Deloitte & Touche LLP
served as the independent auditors of Murdock Communications Corp.
In connection with a merger between Murdock's wholly owned
subsidiary, MCC Merger Sub Corporation, and Polar Molecular
Corporation, which closed on July 14, 2003, Murdock reincorporated
in the state of Delaware as PMHC. MCC Sub subsequently merged with
Polar, with Polar being the surviving corporation. Deloitte
elected to withdraw as the independent auditors of PMHC prior to
the filing of the Quarterly Report, but has not provided PMHC
formal notice of such withdrawal. Prior to the Merger, Hein served
as Polar's independent auditor.

In its audit report dated March 7, 2003, on Murdock's Consolidated
Financial Statements for the years ended December 31, 2002, 2001
and 2000, Deloitte included an explanatory paragraph regarding
Murdock's ability to continue as a going concern. For the fiscal
year ended December 31, 2002, the audit report included the
following statement with respect to Murdock:

"The accompanying consolidated financial statements have been
prepared on a going concern basis, which contemplates the
realization of assets and the satisfaction of liabilities in the
normal course of business. The Company has an accumulated deficit
of $45.8 million and current liabilities exceed current assets by
$22.5 million at December 31, 2002. The Company also is past due
in the payment of approximately $14.6 million in principal and
accrued interest payable. If the creditors who hold the past due
debt seek to enforce their payment rights, the Company would not
be able to repay the debt. These factors, among others, indicate
that the Company may be unable to continue as a going concern for
a reasonable period of time."


POLAROID CORP: Court Approves 3rd Amended Disclosure Statement
--------------------------------------------------------------
U.S. Bankruptcy Court Judge Walsh finds that the Polaroid Debtors'
Third Amended Disclosure Statement contains "adequate information"
within the meaning of Section 1125(a) of the Bankruptcy Code to
allow a hypothetical creditor to make an informed decision whether
to accept or reject the  Debtors' Liquidating Plan.  Accordingly,
Judge Walsh approves the Disclosure Statement.

The Court also overrules all objections to the extent not
previously withdrawn or resolved.

The Debtors and the Official Committee of Unsecured Creditors may
make non-material changes to the Disclosure Statement before its
distribution to impaired creditors, including modifications to
the Disclosure Statement appendices.

Judge Walsh will convene a hearing to consider confirmation of
the Debtors' Plan on November 14, 2003 at 10:00 a.m., Eastern
Time.  The Confirmation Hearing may be continued from time to
time by way of announcement of the continuance in open court or
by otherwise informing the Bankruptcy Court, without further
notice to creditors or other parties-in-interest. (Polaroid
Bankruptcy News, Issue No. 47; Bankruptcy Creditors' Service,
Inc., 609/392-0900)


PPM AMERICA: S&P Further Lowers Rating on Class A-2 Notes to B-
---------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on the class
A-2 notes issued by PPM America High Yield CBO II (Cayman) Ltd., a
high-yield arbitrage CBO transaction managed by PPM America Inc.,
and removed it from CreditWatch with negative implications were it
was placed Sept. 5, 2003. Concurrently, the rating on the class A-
1 notes is affirmed and removed from CreditWatch negative.

The lowered rating on the class A-2 notes reflects factors that
have negatively affected the credit enhancement available to
support the notes. These factors include par loss of the
collateral pool securing the rated notes, the downward migration
in the credit quality of the assets within the collateral pool and
a deterioration in the weighted average coupon generated by the
performing assets within the collateral pool.

The affirmed rating reflects the sufficient level of credit
enhancement currently available to support the rating on the class
A-1 notes.

Standard & Poor's has reviewed the current cash flow runs
generated for PPM America High Yield CBO II (Cayman) Ltd. to
determine the future defaults the transaction can withstand under
various stressed default timing scenarios, while still paying all
of the rated interest and principal due on the rated notes. Upon
comparing the results of these cash flow runs with the projected
default performance of the current collateral pool, Standard &
Poor's determined that the rating previously assigned to the class
A-2 notes was no longer consistent with the credit enhancement
currently available, resulting in the lowered rating. Standard &
Poor's will continue to monitor the performance of the transaction
to ensure the ratings assigned to all of the notes remain
consistent with the credit enhancement available.

        RATING LOWERED AND REMOVED FROM CREDITWATCH NEGATIVE

             PPM America High Yield CBO II (Cayman) Ltd.

                          Rating
                     To             From
        Class A-2    B-             BB/Watch Neg

        RATING AFFIRMED AND REMOVED FROM CREDITWATCH NEGATIVE

             PPM America High Yield CBO II (Cayman) Ltd.

                           Rating
                     To             From
        Class A-1    AA             AA/Watch Neg

TRANSACTION INFORMATION
Issuer:      PPM America High Yield CBO II (Cayman) Ltd.
Co-issuer:   PPM America High Yield CBO II (Delaware) Corp.
Current Manager:   PPM America Inc.
                   June 2000 to present
Underwriter:       Merrill Lynch
Trustee:           J.P. Morgan Chase
Transaction type:  High yield arbitrage CBO

TRANCHE INFORMATION      INITIAL    LAST ACTION  CURRENT
Date (MM/YYYY)           08/2000    05/2003      09/2003
Class A-1 notes rating   AAA        AA           AA
Class A-1 note bal.      $95.20mm   $86.48mm     $86.48mm
Class A-2 note rating    AA         BB           B-
Class A-2 note bal.      $23.00mm   $23.00mm     $23.00mm
Class A OC ratio         126.94%    108.37%      106.98%
Class A OC ratio min.    118.90%    118.90%      118.90%

PORTFOLIO BENCHMARKS                       CURRENT
S&P Wtd. Avg. Rtg. (excl. defaulted)       BB
S&P Default Measure (excl. defaulted)      2.08%
S&P Variability Measure (excl. defaulted)  2.08%
S&P Correlation Measure (excl. defaulted)  1.10
Wtd. Avg. Coupon (excl. defaulted)         8.178%
Wtd. Avg. Spread (excl. defaulted)         N.A.
Oblig. Rtd. 'BBB-' and above               27.98%
Oblig. Rtd. 'BB-' and above                70.42%
Oblig. Rtd. 'B-' and above                 87.25%
Oblig. Rtd. in 'CCC' range                 2.54%
Oblig. Rtd. 'CC', 'SD' or 'D'              10.21%
Obligors on Watch Neg. (excl. defaulted)   7.55%

S&P RATED OC (ROC) PRIOR TO ACTION          CURRENT
Class A 1 notes    100.63% (AA/Watch Neg.)  100.63% (AA)
Class A-2 notes    92.75% (BB/Watch Neg.)   93.89% (B-)


PRESIDENT CASINOS: Aug. 31 Balance Sheet Upside-Down by $49 Mil.
----------------------------------------------------------------
President Casinos, Inc. (OTC:PREZ) announced results of operations
for the second quarter ended August 31, 2003.

For the three-month period ended August 31, 2003, the Company
reported net income of $42,000, compared to a net loss of $2.0
million, or $0.39 per share, for the three-month period ended
August 31, 2002. Revenues for the three-month period ended
August 31, 2003 were $31.1 million, compared to revenues of $32.0
million for the three-month period ended August 31, 2002.

The increase in income is primarily the result of a $1.1 million
decrease in interest expense resulting from the June 20, 2002
voluntary petition under Chapter 11 of the Bankruptcy Code,
whereby the noteholders of the Senior Exchange Notes and the
Secured Notes were deemed by management to be undersecured and as
a result, interest ceased to accrue as of the date thereof.

Revenues for the six-month period ended August 31, 2003 were $63.2
million, compared to revenues of $65.3 million for the six-month
period ended August 31, 2002. For the six-month period ended
August 31, 2003, the Company reported net income of $0.4 million,
or $0.08 per share, compared to a loss of $4.6 million, or $0.92
per share, for the six-month period ended August 31, 2002.

At August 31, 2003, the Company's balance sheet shows a total
shareholders' equity deficit of about $49 million.

President Casinos, Inc. owns and operates dockside gaming
facilities in Biloxi, Mississippi and downtown St. Louis,
Missouri, north of the Gateway Arch.


PRIME GROUP REALTY: Fires Co-President & CFO Louis G. Conforti
--------------------------------------------------------------
Prime Group Realty Trust (NYSE:PGE) has sent a letter to Louis G.
Conforti, its Co-President and Chief Financial Officer terminating
his employment agreement.

Mr. Conforti was relieved of all of his duties effectively
immediately. The Company relieved Mr. Conforti of his duties for
his failure to be fully devoted and committed to the business
goals that have been established by the Company's Board of
Trustees.

Until a replacement is named, Mr Conforti's duties will be handled
by Stephen J. Nardi, the Company's Chairman and Jeffrey A.
Patterson, the Company's other Co-President. Accounting and SEC
disclosure matters will continue to be handled by the Company's
Chief Accounting Officer, Roy P. Rendino.

Prime Group Realty Trust is a fully-integrated, self-administered,
and self-managed real estate investment trust that owns, manages,
leases, develops, and redevelops office and industrial real
estate, primarily in metropolitan Chicago. The Company owns 14
office properties containing an aggregate of 7.0 million net
rentable square feet and 30 industrial properties containing an
aggregate of 3.9 million net rentable square feet. In addition,
the Company owns 232.4 acres of developable land and joint venture
interests in two office properties containing an aggregate of 1.3
million net rentable square feet.

                         *     *     *

Ernst & Young, LLP, in its Auditors Report dated March 2003,
concerning Prime Group Realty Trust says:

     ". . . the Company's ability to meet 2003 debt service
     requirements is dependent upon completing future asset
     sales and debt refinancings and maintaining its results of
     operations at current levels.  If the Company is unable to
     complete these transactions and or maintain its results of
     operations at current levels, it may not be able to
     maintain compliance with the performance provisions and or
     financial covenants contained in certain of its debt
     facilities.  These conditions raise substantial doubt about
     the Company's ability to continue as a going concern."


PRIMEDEX HEALTH: Court Orders Discharge from Ch. 11 Bankruptcy
--------------------------------------------------------------
Primedex Health Systems, Inc., Los Angeles (OTCBB:PMDXQ), owner
and operator of 57 California medical diagnostic imaging
facilities, reported that the Bankruptcy Court had signed an order
in its Chapter 11 proceeding in Los Angeles, restructuring its
outstanding 10% Convertible Subordinated Debentures due June 30,
2003, and concluding the proceeding.

The Court order approves the extension of the term of the
Debentures through 2008, increases the interest rate to 11.5%,
reduces the conversion price to $2.50 per share with an agreement
by PMDX not to redeem the Debentures for two years. The bankruptcy
filing had no other impact upon PMDX or its operations.


QUADRAMED: SEC Staff to Recommend Enforcement Action vs. Company
----------------------------------------------------------------
QuadraMed Corporation (QMDC.PK) announced that the Staff of the
San Francisco District Office of the Securities and Exchange
Commission has informed the Company that the Staff intends to
recommend to the SEC that it institute an enforcement action
against the company for violations of the antifraud, periodic
filing and books and records provisions of the federal securities
laws.

The proposed recommendation concerns the Company's accounting for
transactions that it entered into with Health+Cast LLP in 1998 and
1999. The 1999 transactions were restated as part of the Company's
recent restatement of its 1999 financial statements. The Staff
invited the Company to make a Wells submission with respect to the
proposed recommendation. The Company plans to continue to discuss
this matter with the Staff.

The Staff also indicated that it does not presently intend to
recommend any action against the Company's current officers,
directors or employees.

QuadraMed -- whose June 30, 2003 balance sheet shows a total
shareholders' equity deficit of about $10 million -- is dedicated
to improving healthcare delivery by providing innovative
healthcare information technology and services. From clinical to
patient information management and revenue cycle to health
information management, QuadraMed delivers real-world solutions
that help healthcare professionals deliver outstanding patient
care with optimum efficiency. Behind our products and services is
a staff of more than 850 professionals whose healthcare experience
has earned QuadraMed the trust and loyalty of its more than 1,500
customers. To find out more about QuadraMed, visit
http://www.quadramed.com


RANGE RESOURCES: S&P Ups Corporate Credit Rating to BB- from B+
---------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
ratings on exploration and production company Range Resources
Corp. to 'BB-' from 'B+'. The outlook is stable.

Fort Worth, Texas-based Range Resources has about $280 million in
outstanding debt as of Sept. 30, 2003.

"The rating action reflects the strides Range Resources'
management has taken to improve the firm's financial profile,"
noted Standard & Poor's credit analyst Scott A. Beicke.
"Prospectively, commitment to continued debt reduction is factored
into the new ratings," he continued. Specific actions and factors
that benefit the company include the following:

     --Hedging: The company has aggressively hedged about 65% to
       75% and 35% to 45% of expected natural gas production for
       2004 and 2005, respectively, at prices in excess of $4 per
       thousand cubic feet (mcf). The company has also hedged
       about 45% to 55% of 2004 expected oil production at about
       $24.50 per barrel.

     --Convertible debt retirement: The retirement of convertible
       debt at a discount allowed Range Resources to reduce its
       debt burden by about $20 million in the first nine months
       of 2003.

     --Commodity prices: Range Resources continues to benefit from
       elevated natural gas and oil prices on its unhedged
       production. This has allowed the company to accelerate its
       debt reduction schedule over the past 12 months.

     --Trust-preferred retirement: In September 2003, the company
       replaced roughly $80 million of trust-preferred securities
       with $50 million cumulative convertible preferred stock.
       The action improved Range Resources' balance sheet and
       reduced the company's financing costs by $1.3 million per
       year.

For the next few years, Range Resources is expected to generate
cash flow at midcycle hydrocarbon prices ($3 per mcf and $20 per
barrel) that would exceed total reserve replacement capital
expenditures. With no debt maturities until 2007, adequate
liquidity under existing credit facilities, a significant year-
over-year production increase through June 30, 2003, improved
reserve replacement, and reduced finding and development costs of
$1.70 per mcf equivalent for the three years ending 2002, Range
Resources displays characteristics consistent with the 'BB-'
rating level.

The stable outlook reflects Standard & Poor's expectations that
Range Resources will continue to prudently manage its financial
profile. Though the company has stated that it may pursue small,
complementary acquisitions in addition to its capital budget,
Standard & Poor's expects that Range Resources will maintain
capital spending in its cash flow. If Range Resources' future
expenditures fail to yield commensurate discoveries and
extensions, the company's credit quality could deteriorate.


REPUBLIC ENGINEERED: Secures Court Nod for DIP Financing Pact
-------------------------------------------------------------
Republic Engineered Products LLC, the nation's leading producer of
special bar quality steel, has secured U.S. Bankruptcy Court
approval for a debtor-in-possession financing agreement.

The company also announced that it has resumed operations at all
of its plant locations.

"We are moving rapidly to build a stronger Republic," said Joseph
F. Lapinsky, president and chief executive officer. "We are
pleased that this financing will support ongoing production, and
that the restart of our operations is proceeding according to
plan. Republic has enjoyed strong support from customers and
extraordinary responsiveness from employees over the past week. We
will need their continued support in the weeks ahead as we
strengthen our leadership position in the SBQ industry."

The financing agreement follows Republic's filing under Chapter 11
of the U.S. bankruptcy laws on October 6, 2003. The agreement
provides $45 million in new funding availability. Fleet Capital
Corp., based in Boston, is the agent for the new lending group,
which includes banks from the prior group.

In conjunction with the financing agreement, Republic plans to
hire an investment banker by mid-October to help market the
company to investors.

"Our long-term success is in our hands," Lapinsky said. "We are
confident that Republic's strong customer relationships and
excellent workforce combined with demonstrated performance will
enable us to quickly attract the interest of parties to help us
restructure our financial situation."

Republic has received letters from a group of customers stating
that the company is a critical supplier and that a prompt
reorganization is desired to assure long-term supply. These
customers represent approximately two-thirds of Republic's
revenues.

John A. Willoughby, vice president of human resources and
corporate relations, said all but approximately 100 of Republic's
2,336 employees have been notified of their return-to-work dates.
The rest will remain on layoff as the company aligns staffing
needs with customer requirements.

"Our companywide shutdown last week was accomplished in an orderly
fashion, enabling us to quickly ramp up our facilities over the
past three days," Willoughby said. "With the appropriate funding
in place, we need to focus now on performance in all areas of our
business."

Republic Engineered Products LLC is North America's leading
supplier of special bar quality steel, a highly engineered product
used in axles, drive trains, suspensions and other critical
components of automobiles, off- highway vehicles and industrial
equipment. With headquarters in Fairlawn, Ohio, the company
operates steelmaking centers in Canton and Lorain, Ohio, and
value-added rolling and finishing facilities in Canton, Lorain and
Massillon, Ohio; Lackawanna, N.Y.; and Gary, Ind. Republic employs
approximately 2,400 people.


REPUBLIC ENGINEERED: Signs-Up Weil Gotshal as Bankruptcy Counsel
----------------------------------------------------------------
Republic Engineered Products Holdings, LLC and its debtor-
affiliates want to employ Weil, Gotshal & Manges LLP as attorneys
in their chapter 11 cases.  Consequently, the Debtors' are asking
for the U.S. Bankruptcy Court for the Northern District of Ohio's
approval for the retention.

The Debtors have been informed that Martin J. Bienenstock, Esq., a
member of Weil Gotshal as well as other members of, counsel to,
and associates of the firm who will be employed in these chapter
11 cases, are members in good standing in the courts in which they
are admitted to practice.

As Counsel, Weil Gotshal is expected to:

     a) provide any and all necessary action to protect and
        preserve the estate of the Debtors, including the
        prosecution of actions on the Debtors' behalf, the
        defense of any actions commenced against the Debtors,
        the negotiation of disputes in which the Debtors are
        involved, and the preparation of objections to claims
        filed against the Debtors' estates;

     b) prepare on behalf of the Debtors, as debtors in
        possession, all necessary motions, applications,
        answers, orders, reports, and other papers in connection
        with the administration of the Debtors' estates;

     c) negotiate and prepare on behalf of the Debtors' any
        chapter 11 plans and all related documents; and

     d) perform all other necessary legal services in connection
        with the prosecution of the Debtors' chapter 11 cases,
        including, without limitation, corporate, securities,
        tax, environmental, real estate, and ERISA services.

Weil Gotshal's hourly rates for legal services range from

          members and counsel      $460 to $775 per hour
          associates               $240 to $460 per hour
          paraprofessionals        $ 65 to $175 per hour

Headquartered in Fairlawn, Ohio, the Debtors are leading suppliers
of special bar quality (SBQ) steel, a highly engineered product
used in axles, drive trains, suspensions and other critical
components of automobiles, off-highway vehicles and industrial
equipment. The Company filed for chapter 11 protection on October
6, 2003 (Bankr. N.D. Ohio Case No. 03-55118).  Shawn M Riley,
Esq., at McDonald, Hopkins, Burke & Haber Co LPA and Martin J.
Bienenstock, Esq., at Weil, Gotshal & Manges LLP represent the
Debtors in their restructuring efforts.  As of June 30, 2003, the
Debtors listed $481,000,000 total assets and $467,939,000 total
debts.


RICA FOODS: Inks $36.3 Million Debt Restructuring Agreement
-----------------------------------------------------------
Rica Foods, Inc. (Amex: RCF) has entered into a trust agreement
pursuant to which it has restructured its debt obligations with
respect to approximately $36.3 million in principal amount of
indebtedness.

As more specifically described below, the Company has contributed
or pledged substantially all of the assets of the Company's wholly
owned subsidiaries to a trust, which secures the Subsidiaries'
obligations with respect to approximately $36.3 million of
indebtedness owed to nine financial institutions.

In consideration for the establishment of the Trust, the
Participating Lenders have agreed to waive any and all defaults,
excluding defaults resulting from the failure to pay interest as
due, that the Subsidiaries have committed or may commit prior to
March 22, 2004, with respect to outstanding indebtedness owed to
the Participating Lenders. Accordingly, the Subsidiaries have been
relieved of any obligation to make principal payments to the
Participating Lenders until the end of the Amnesty Period. The
Subsidiaries are still required to pay interest to the
Participating Lenders in accordance with the terms of an agreed
upon schedule. After the end of the Amnesty Period, the
Subsidiaries are required to resume the payment of principal.

As a result of the Company's repayment in full, on September 24,
2003, of the Company's outstanding indebtedness to Pacific Life
Insurance Company, the Company has been released from certain
negative covenants, including, among other things, restrictions on
the Company's ability to provide collateral to other lenders.
Accordingly, the Company has agreed to the creation of the Trust
to provide the Participating Lenders and, potentially other
lenders, a higher level of asset collateralization than the
Company was able to provide prior to the satisfaction of the
Pacific Life indebtedness.

In order to fund the Trust, the Subsidiaries have transferred or
pledged substantially all of their real and personal assets to the
Trust. Under the terms of the trust agreement, the appraised value
of the Trust Assets, which are being appraised under the
supervision of the Trustee, must, at all times, be equal to or
greater than 143% of the aggregate amount of the indebtedness
secured by the Trust. The Participating Lenders have the right to
designate experts to validate the appraised valuations. The Trust
Agreement provides that additional Participating Lenders may
execute and become subject to the terms of the Trust Agreement if
the value of the Trust Assets continues to be equal to or greater
than 143% of the aggregate amount of the indebtedness secured by
the Trust.

The Company believes the Trust Assets will have an appraised value
sufficient to collateralize the indebtedness of the Participating
Lenders in accordance with the terms of the Trust Agreement. As of
the date of this report, the Company estimates that in excess of
80% of the appraisals have already been completed and accepted by
the Participating Lenders. The Company believes that the final
appraised value of the Trust Assets may be sufficient to
collateralize additional loans in accordance with the terms of the
Trust Agreement.

If the Subsidiaries, among other things, fail to make any
principal or interest payment to any of the Participating Lenders
when due or become insolvent, the Subsidiaries will be in breach
of the Trust Agreement. In the event the Trustee notifies the
Subsidiaries of a Breach, the Subsidiaries will have fifteen days
to cure such Breach. If the Breach is not cured within the Cure
Period, the Trustee must sell all of the Trust Assets and use the
proceeds of such sale to repay to the Participating Lenders all
outstanding indebtedness due and owed to them by the Subsidiaries.
Any proceeds remaining after repayment is made in full to all of
the Participating Lenders will be returned to the Subsidiaries.
The Trust will terminate in accordance with its terms in the event
of such a sale.

The Trust is governed by a Trust Agreement governed by the laws of
Costa Rica. Consultores Financieros Cofin, S.A., a Costa Rican
corporation, has been appointed to serve as the trustee of the
Trust. The Trust has a stated term of ten years but may terminate
earlier in the event that all of the outstanding indebtedness owed
to the Participating Lenders is repaid.

Certain of the Company's other existing creditor banks are not
signatories to the Trust Agreement. As of the date of this press
release, the Company has borrowed from the Non- Participating
Lenders an aggregate of approximately $11.3 million. As of the
date of this press release, the Company is current in the payment
of all of its obligations to the Non-Participating Lenders with
the exception of a debt owed to Citibank (Costa Rica), S.A.

As previously disclosed in the Company's Form 10-Q for the quarter
ended June 30, 2003, the Company has not made a payment of
approximately $800,000 to Citibank, which payment was due and
payable on July 31, 2003. As of June 30, 2003 and the date hereof,
the Company had borrowed an aggregate of approximately $6.5
million from Citibank pursuant to various letters of credit.
Citibank is not a signatory to the Trust agreement. The Company
has received a demand for payment of the Citibank Indebtedness and
has recently been served with notice of a court action pursuant to
which Citibank is seeking payment of the Citibank Indebtedness.
The Company intends to contest Citibank's collection efforts.
However, the Company could be materially, adversely impacted if
Citibank successfully asserts that the Company is required to pay
the Citibank Indebtedness and the Company is unable to secure an
alternative source of financing. Although the Company is actively
negotiating the issue with Citibank, there can be no assurances
that the Company and Citibank will be able to enter into a
mutually acceptable agreement with respect to the funds sought by
Citibank.

The Company projects that prior to March 30, 2004, it will need to
either secure approximately $11 million of new capital, enter into
agreements with the Company's existing lenders pursuant to which
the scheduled maturity date of a comparable amount of debt is
extended, or secure some combination of new capital and credit
term amendments in order for the Company to continue to conduct
operations at current historical levels. If the Company is
unsuccessful for any reason, the Company's business and/or
business prospects could be materially adversely impacted.

Although the Company has been exploring more cost efficient and
longer term sources of capital, the Company has not yet secured an
alternative long- term financing source that will insulate it from
the risks associated with the loss of one of its short-term
capital sources. In addition, as of the date of this press
release, the Company has not secured all of the capital resources
it believes it will need over the next six months.

Upon the translation of the Trust Agreement from the Spanish
language to English, the Company intends to file the Trust
Agreement as a material contract.

As reported in Troubled Company Reporter's September 1, 2003
edition, Rica Foods received a conditional waiver, effective as of
August 19, 2003, from Pacific Life Insurance Company with respect
to the Company's breach, during the fiscal quarter ended June 30,
2003, of certain negative covenants entered into in connection
with a private placement with PacLife of notes during the first
quarter of 1998.

As a condition of the waiver, the Company agreed that the
aggregate amount of loans to affiliates shall not be increased at
any time, and, if any of such loans are repaid, neither the
Company nor any of its subsidiaries shall make any additional
affiliate loans.


SK GLOBAL AMERICA: Asks Judge Blackshear to Fix Claims Bar Date
---------------------------------------------------------------
To facilitate the formulation of a Chapter 11 plan, SK Global
America Inc. asks the Court to establish a bar date for filing
proofs of claim and interests by entities asserting claims against
its estate, pursuant to Rule 3003(c)(3) of the Federal Rules of
Bankruptcy Procedure.

Furthermore, the Debtor wants Judge Blackshear to approve:

   -- the proof of claim form;

   -- the procedure for the filing of proofs of claim and
      interest; and

   -- the form and method of the Bar Date Notice.

According to Scott E. Ratner, Esq., at Togut, Segal & Segal LLP,
in New York, Bankruptcy Rule 3003(c)(3) provides that "the Court
will fix and for cause shown may extend the time within which
proofs of claim or interest may be filed."

Additionally, Bankruptcy Rule 2002(a)(7) requires that creditors
be given at least 20 days' notice by mail of the time fixed for
filing proofs of claim.  SK Global proposes to give not less than
35 days' notice of the Bar Date to its creditors and other
parties-in-interest.

Mr. Ratner explains that the fixing of a Bar Date will assist the
Debtor in identifying each of its creditors and fixing the
amounts and classifications of their claims, all of which is
absolutely essential to the Debtor's efforts to promulgate and
confirm a Chapter 11 plan.

A Bar Date Notice will be mailed, not later than 35 days
preceding the Bar Date, to:

   (a) all of the Debtor's known creditors and interest holders
       identified in its Schedules of Assets and Liabilities;

   (b) all parties to executory contracts and unexpired leases
       with the Debtor;

   (c) all parties to litigation with the Debtor;

   (d) the Internal Revenue Service;

   (e) all parties who have filed a notice of appearance and
       demand for service of papers in SK Global's case; and

   (f) the U.S. Trustee.

The Debtor also intends to also publish the Notice at least once
in each of these newspapers or trade publications not later than
25 days preceding the Bar Date:

   -- the national edition of The Wall Street Journal;
   -- the international edition of The Wall Street Journal; and
   -- Chosun Ilbo, the largest newspaper in Korea. (SK Global
      Bankruptcy News, Issue No. 6; Bankruptcy Creditors' Service,
      Inc., 609/392-0900)


SUNBLUSH: Wants Shareholders' Approval of Reorganization Plan
-------------------------------------------------------------
SunBlush Technologies Corporation has scheduled an Extraordinary
General Meeting to be held on November 4, 2003 to present to its
shareholders a plan for the reorganization of The Company.

The Company's objective is to become debt-free and creditor-free,
by among other things, converting its outstanding debt into Common
Shares, repricing existing warrants and options, consolidating the
issued and outstanding Common Shares on a 5:1 basis and changing
its name to "FreshXtend Technologies Corp.", subject to regulatory
approval.

In addition to the EGM, extraordinary meetings of each series of
the outstanding Preference Shares of The Company will also be held
on November 4, 2003, to approve amendments to the special rights
and restrictions attached to each series of the Preference Shares.

As all shareholders are aware The Company has suffered severe
losses for a number of years and in fact has never been
profitable. Consequently in December 2002, a turnaround specialist
consultant was retained to effect the reconstruction of The
Company.

The consultant recommended that various businesses be sold and/or
closed and that The Company should concentrate exclusively on its
food technologies and licensing business.

As previously reported, The Company has sold Scalime, its French
subsidiary, and its 50% interest in Access Flower Trading Inc.,
has closed its head office in Toronto and moved back to Vancouver.
All remaining non-trading and non-Canadian subsidiaries are
currently being rationalized or liquidated and this should be
completed by the end of 2003.

The Notice of Meeting, Information Circular and Proxy for the
November 4, 2003 EGM will be mailed to all shareholders on
October 10, 2003. The Information Circular sets forth in detail
all the steps of the reorganization, to be considered by the
shareholders.

Under the policies of the TSX Venture Exchange, the approval of
the Disinterested Shareholders is required to a number of the
matters being put to the shareholders. Accordingly, for the
purposes of such approval, all of the Common Shares owned by the
Insiders of The Company and their Affiliates and Associates will
not be counted for the purpose of determining whether the required
level of shareholder approval has been obtained.

The proceeds from the sale of Scalime and the 50% interest in
Access were used to pay off secured creditors and reduce debt.
However, The Company was still left with significant debt in the
way of preference shares, debentures, and a large volume of
creditors.

Therefore, it is proposed to amend the existing conversion terms
of the outstanding Preference Shares and Convertible Debentures of
The Company, and to settle their unpaid dividends and interest by
way of the issuance of Common Shares.

It is proposed to amend the special rights and restrictions
attached to each series of Preference Shares so that they shall be
convertible into Common Shares at prices which are lower than
their current terms on or before November 30, 2003, provided that
the shareholder makes a cash payment to The Company. The cash
payment per share and new conversion rate vary and have been
determined by the Board of Directors, after consultation with the
Preference Shareholders, based on the existing conversion terms
and the length of time the Preference Shares have been issued.

It is also proposed to change the special rights and restrictions
to the Preference Shares so that if the shareholders do not
convert their Preference Shares (and make the required cash
payment to The Company) on or before November 30, 2003, The
Company can force conversion on a basis of one Common Share for
each Preference Share. The Company intends to do this for any
Preference Shares which are not converted so as to eliminate the
outstanding Preference Shares of The Company (before the fiscal
year end of December 31st).

In addition, it is proposed to amend the special rights and
restrictions attached to each series of Preference Shares so that
The Company shall have the option (which The Company intends to
exercise) to pay any portion or all declared and unpaid dividends
owing on the Preference Shares to Common Shares at a deemed price
of $0.10 per share. The dividends have been recorded on the
financial statements of The Company.

Disinterested shareholder approval will be sought at the EGM to
the proposed amendments to the special rights and restrictions of
the Preference Shares and to the issuance of Common Shares upon
conversion of the Preference Shares and upon payment of unpaid
dividends. These matters are also subject to the approval of the
TSX Venture Exchange. As well, the holders of each series of
Preference Shares will be asked to approve the proposed amendments
at the separate class meetings.

The Convertible Debentures are currently convertible into Common
Shares at a deemed price of $0.3632 per share.

It is proposed to provide the Debentureholders with the option to
convert the principal amount outstanding on their Convertible
Debentures, together with the cash payment they are required to
make as set out below, to Common Shares at a deemed price of $0.10
per share, provided that the Debentureholders make a cash payment
of $321.77 per $1,000 principal amount of Convertible Debenture on
or before November 30, 2003. Thereafter, the Convertible
Debentures will be convertible in accordance with their original
conversion terms. The amount of the cash payment and the new
conversion rate have been determined by the Board of Directors,
after consultation with the Debentureholders, based on the
existing conversion terms and the length of time the Convertible
Debentures have been outstanding.

The changes to the conversion will be done by agreement with each
Debentureholder. If the Debentureholders do not agree to convert
their Convertible Debentures on the new terms, they will revert to
the original conversion terms.

In addition, it is proposed that the terms of the Convertible
Debentures be amended to give The Company the option to pay
accrued and unpaid interest on the Convertible Debentures Shares
(less any withholding taxes) by way of the issuance of Common
Shares at a deemed price of $0.10 per share. Interest payable on
the Convertible Debentures has been reflected in the consolidated
financial statements of The Company.

Disinterested shareholder approval will be sought to the proposed
amendments to the conversion terms of the Convertible Debentures
and the issuance of the Common Shares upon conversion of the
Convertible Debentures and upon payment of unpaid interest. These
matters are also subject to the approval of the TSX Venture
Exchange.

It has been agreed with various arm's length creditors to settle
approximately $277,491.20in debt by the issuance of approximately
2,774,912 (pre-consolidated) Common Shares at a deemed price of
$0.10 per share. A contingency of 500,000 (pre-consolidated)
Common Shares at a deemed price of $0.10 per share has been set
aside to settle debts of $50,000 with arm's length creditors who
have not yet agreed to accept shares. It has also been agreed with
various non-arm's length creditors to settle approximately
$367,161 in debt owed to Insiders and former Insiders of The
Company and their Affiliates and Associates by the issuance of
3,671,610 (pre-consolidated) Common Shares at a deemed price of
$0.10 per share. All of these debts have been reflected in the
previous financial statements of The Company, except for a $50,000
fee proposed to be paid to Ludgate Investments Ltd. described
below.

Ludgate Investments Ltd., in which John Gunn and Gary Weiss, both
Insiders of The Company, own shares and in which John Gunn is a
director, has been instrumental in dealing with the Preference
Shareholders and the Debentureholders in negotiating and settling
the new conversion terms. In consideration of Ludgate's efforts on
behalf of The Company, The Company has agreed to pay to Ludgate
Investments Ltd. a financial advisory fee of $50,000, payable in a
combination of $25,000 cash and 250,000 (pre-consolidated) Common
Shares at a deemed price of $0.10 per share. The exact proportions
of cash and Common Shares shall be determined by the number of
Preference Shareholders and Debentureholders who agree to convert
their securities under the new terms on or before November 30,
2003. For each $1.00 over and above $550,000 raised by The Company
from the cash payments made by the Preference Shareholders and
Debentureholders who convert on the new conversion terms, the cash
portion of the fee shall be increased by $0.50 and the number of
Common Shares reduced by five. As a result, the $50,000 fee may be
with a minimum of $25,000 cash and a maximum of 250,000 (pre-
consolidated) Common Shares and a maximum of $50,000 cash and no
Common Shares.

Disinterested shareholder approval will be sought at the EGM to
the issuance of Common Shares to settle outstanding debt owed to
Insiders and former Insiders and their Affiliates and Associates.
All of the debt settlement, to arm's length creditors and non-
arm's length creditors, is subject to the approval of the TSX
Venture Exchange.

After taking into effect the proposed amendments to the conversion
terms of the Preference Shares and Convertible Debentures,
Gibsbourne Pty Ltd. and Gary Weiss will each be a "Control Person"
by virtue of owning, directly or indirectly, or having control or
direction over more than 20% of the outstanding Common Shares of
The Company. John Gunn is also a "Control Person" of The Company.

Disinterested shareholder approval will be sought to the change of
control and the creation of the 2 new control persons in The
Company. The 2 new control persons are subject to the approval of
the TSX Venture Exchange.

It is also proposed to reprice the existing share purchase
warrants of The Company There are currently 91,875 (pre-
consolidated) share purchase warrants outstanding at an exercise
price of $0.46 per share until February 15, 2004 and 448,780 (pre-
consolidated) share purchase warrants outstanding at exercise
prices of $0.41 until July 19, 2004 and thereafter at $0.48 per
share until June 19, 2005. It is proposed that they be repriced to
$0.10 per share until the 2004 expiry dates and thereafter $0.12
per share until the 2005 expiry date. No extension of the warrant
terms are being sought.

The 91,875 (pre-consolidated) share purchase warrants are held by
a related party to Insiders of The Company. Therefore,
Disinterested shareholder approval is being sought at the EGM to
the repricing of the warrants. It is also subject to the approval
of the TSX Venture Exchange.

It is proposed to reprice the outstanding incentive stock options
previously granted to directors, officers and employees to a post-
consolidated price of $0.15 per share, or such greater price as
the TSX Venture Exchange shall approve.

It is also proposed to grant to an Insider of The Company
incentive stock options to purchase 1,000,000 (pre-consolidated)
Common Shares at a post-consolidated price of $0.15 per share, or
such greater price as the TSX Venture Exchange shall permit, for a
period of two years.

Disinterested shareholder approval will be sought at the EGM to
the repricing of incentive stock options held by Insiders and to
the granting of the incentive stock options to an Insider of The
Company. These are subject to the approval of the TSX Venture
Exchange.

The Company intends to adopt a stock option plan in accordance
with the Policy 4.4 of the Exchange, subject to shareholder and
TSX Venture Exchange approval.

The maximum number of Common Shares of The Company that may be
issuable pursuant to options granted under the Stock Option Plan
will not exceed 10% of the number of issued Common Shares of The
Company at the time of granting of options under the Stock Option
Plan.

The existing stock options would remain in full force and effect
in accordance with their terms and conditions. However, the total
number of those existing options would be counted against the
number set aside under the new Stock Option Plan. The Company
currently has 864,000 (pre-consolidated) stock options outstanding
and proposes to issue 1,000,000 (pre-consolidated) additional
stock options to an Insider as set forth above.

To provide The Company with flexibility in carrying out private
placement financings from time to time over the next year, The
Company will be seeking the approval of the shareholders at the
EGM to the issuance of up to 100% of the issued and outstanding
Common Shares after taking into effect the Restructuring Proposal.
Any private placement proceeded with by The Company under the
advance approval being sought at the EGM will be subject to the
following additional restrictions:

(a) it must be substantially with parties at arm's length to The
    Company;

(b) it cannot materially affect control of The Company;

(c) it must be completed within a twelve month period following
    the date the shareholder approval is given; and

(d) it must otherwise comply with the private placement pricing
    rules of the TSX Venture Exchange.

As a result of the sale of Scalime and Access, and the move of the
head office of The Company from Toronto back to Vancouver, the
Directors have changed the auditor of The Company from KPMG LLP,
Chartered Accountants, of Toronto to Davidson & Company, Chartered
Accountants of Vancouver. There were no reportable events (i.e.
disagreements, unsolved issues or consultations) during the period
in which KPMG was in office.

In accordance with National Policy 31, the "reporting package"
which includes a Notice of Change of Auditor, Letter from the
Former Auditor and Letter from the Successor Auditor will be
delivered to the securities commissions in British Columbia and
Alberta, being the provinces in which The Company is a reporting
issuer, and will be sent to the shareholders with the Information
Circular for the EGM.

The Common Shareholders approved a capital reduction at the 2002
Annual General Meeting but it was not implemented. Due to the
passing of time, The Company wishes to have the shareholders
confirm the capital reduction.

It is proposed to eliminate The Company's accumulated deficit,
which as stated in the audited consolidated balance sheet of The
Company as at the year ended December 31, 2003 was in the amount
of $67,394,295, by reducing the stated capital distributable to
the total number of issued and outstanding common shares of The
Company.

The authorized share capital of The Company currently consists of
100,000,000 Common Shares without par value and the Preference
Shares. However, if all of the Preference Shares and Convertible
Debentures are converted on the proposed new conversion terms and
the debts settled, the total number of issued and outstanding
Common Shares would be approximately 122,500,000 Common Shares.

Therefore, the authorized capital of The Company has to be
increased in order to enable The Company to carry out the
Restructuring Proposal and the Common Share issuances pursuant
thereto. It is therefore proposed to increase the share capital to
150,000,000 Common Shares without par value.

It is proposed to consolidate the Common Shares on the basis of
one new Common Share for every five Common Shares issued and
outstanding immediately prior to the consolidation.

After giving effect to the Restructuring and the issuance of
Common Shares upon conversion of the Preference Shares and
Convertible Debentures and the debt settlements, there will be
approximately 122,500,000 Common Shares issued and outstanding
pre-consolidation. After the 5:1 consolidation, there will be
approximately 24,500,000 Common Shares issued and outstanding
post-consolidation.

It is also proposed to increase the authorized number of Common
Shares after the consolidation back to 100,000,000 Common Shares.

In connection with the consolidation, the name of The Company is
being changed to "FreshXtend Technologies Corporation". The Board
of Directors of The Company believe that this is a name that is
unique and expresses the new direction of The Company as the
leading developer, distributor and licensor of proven shelf-life
extension technologies for fruits and vegetables.

It is intended to wait until after the Preference Shares and
Convertible Debentures have been issued (which is expected to be
on or before November 30, 2003) before making the consolidation
(and name change) effective. It is therefore anticipated that the
consolidation and name change will be effective on or about
December 15, 2003. It is The Company's goal to have the
restructuring completed, including the consolidation and name
change, before the financial year end of December 31st, 2003.

Shareholder approval is being sought at the EGM to the change of
auditor, capital reduction, increase in share capital, share
consolidation and name change.

All of the matters to be dealt with at the EGM are subject to TSXV
and other regulatory approvals.

The SunBlush Technologies Corporation is a leading provider of
life extension technology to the high growth Fresh Produce and
Flower Industry and uses its technological leadership to pursue
licensing opportunities. The Company's patented technologies
naturally place produce in a state of hibernation while it is
being shipped, extends the shelf life of fresh produce, flowers
and juices, thereby enabling economic distribution or premium
quality vine-ripened fruit and vegetables. The Company's network
of R&D relationships, which include the University of British
Columbia, Bar Ilan University, and the University of Newcastle New
South Wales, focuses on building features that will appeal to
SunBlush's customers in order to gain a competitive edge in the
marketplace. The company continues to pursue licensing
opportunities through grower/processor channels as a way of
maximizing the distribution for its technologies.


SYMBOL TECHNOLOGIES: Provides Update About Telxon Litigation
------------------------------------------------------------
Symbol Technologies, Inc. (NYSE:SBL) provided an update to the
status of the case involving Telxon Corporation, a wholly owned
subsidiary of Symbol, and Smart Media of Delaware, Inc.

The Summit County Court of Common Pleas in Ohio held a status
conference on October 9, 2003, and, as a result, Symbol expects
that the briefing on post judgment motions will take at least a
month, and may take longer. No judgment has yet been entered in
the case, and Telxon has filed a motion for judgment
notwithstanding the verdicts and for a new trial.

The following addresses the status of the Telxon case:

Q1:     What is the background of the litigation between Telxon
        and Smart Media, et al.?

A1:     The litigation between Telxon and Smart Media began in
        December 1, 1998, prior to Symbol's acquisition of Telxon,
        when Telxon filed suit against Smart Media in the Court of
        Common Pleas for Summit County, Ohio. The suit filed by
        Telxon was for a declaratory judgment that, contrary to
        the position of Smart Media and several of its
        shareholders, Telxon neither agreed with nor promised
        Smart Media to develop a product or to provide financial
        support for the development of a product. Smart Media
        denied Telxon's suit for declaratory judgment and claimed
        that it suffered substantial damages because of Telxon's
        alleged failure to provide funding of several million
        dollars. The damages claimed by Smart Media are for
        allegedly lost profits.

Q2:     Is there a judgment against Telxon at this point?

A2:     No. No judgment has been entered at this time.

Q3:     What are the next procedural steps, and the timing,
        relating to the case?

A3:     The parties had a conference with the judge on October 9,
        2003, that addressed, among other matters, the next steps
        in the case. Symbol and Telxon believe that post trial
        motion practice will take at least a month and that no
        judgment will be entered until the Court rules on the
        parties' post trial motions. Symbol and Telxon cannot
        predict when the Court will render its decision.

Q4:     Has Telxon made any post trial motions?

A4:     On October 7, 2003, Telxon made a motion to impound and
        secure the trial record of certain exhibits, and on
        October 8, 2003, Telxon made motions for judgment in its
        favor notwithstanding the jury's verdicts, and for a new
        trial. In the event this relief is not granted, Telxon
        requested that the amount of the jury's verdicts be
        reduced. Also, Telxon requested that the execution of any
        judgment against Telxon entered by the Court be stayed
        without the posting of a bond, or in the alternative, that
        a bond be set at a maximum of $3.7 million.

Q5:     What arguments has Telxon made to support its motion?

A5:     Telxon, among other arguments, has argued that the jury's
        verdicts were based upon inadmissible evidence being
        improperly provided to the jury during its deliberations;
        that the absence of liability on the part of Telxon was
        conclusively established by the documents in evidence; and
        that the amounts awarded to Smart Media were based on
        legally irrelevant projections, and are wildly
        speculative, particularly given that Smart Media never had
        any revenue or profits. In addition, Telxon argued that
        the jury verdicts incorrectly awarded damages more than
        once for the same alleged injury by adding together two
        separate awards for lost profits, and by improperly
        combining different measures of damages.

Q6:     Has Smart Media made any post trial motions?

A6:     As previously reported, Smart Media made a motion to join
        or substitute Symbol as a defendant. In addition on
        October 7, 2003, Smart Media made a motion for prejudgment
        interest in the amount of approximately $146 million based
        upon a 10 percent per annum rate on the aggregate amounts
        of the jury's verdicts from October 23, 1996, to
        September 17, 2003. Symbol and Telxon believe these
        motions are without merit and intend to oppose them
        vigorously.

Q7:     If the Ohio trial court judge enters a judgment on the
        jury's verdicts, would Telxon have a right to appeal?

A7:     Yes, Telxon may appeal the jury's verdicts as a matter of
        right to the Ohio Court of Appeals for the 9th District.
        Following that appeal, any party could petition the Ohio
        Supreme Court to hear the case, but Ohio Supreme Court
        review is not an appeal as a matter of right.

Q8:     How long could the appeal process last?

A8:     The length of the appeals process is uncertain. It could
        last a number of months, and perhaps more than a year.

Q9:     Pending the appeal, can Telxon stay execution of any
        judgment against it?

A9:     Yes, if Telxon posts a bond, if one is required, as
        determined by the Ohio trial court.

Q10:    In the event of an enforceable judgment against Telxon
        that it was unable to satisfy, could Symbol be responsible
        for the judgment?

A10:    Under such circumstances, Smart Media may pursue various
        legal theories and tactics to try to recover from Symbol
        or otherwise obligate Symbol to provide funds to Telxon to
        satisfy a judgment against Telxon. While Symbol will
        vigorously oppose such efforts, there can be no assurance
        that Symbol will not be liable for or otherwise be
        obligated to provide funds to Telxon to satisfy any
        judgment against Telxon.

Q11:    Could the litigation between Smart Media and Telxon, or
        even a bankruptcy of Telxon, have an impact on Symbol's
        credit facility?

A11:    The credit facility remains in place at this time. Whether
        the credit facility could be impacted will depend on
        developments in the litigation. At the present time,
        Symbol is not borrowing under its credit facility.

Q12:    Will the amount of the jury verdicts be reserved against
        on Symbol's balance sheet?

A12:    At this time, Symbol believes that the amounts indicated
        in the jury verdicts are not probable and estimable.
        Therefore, Symbol has not recorded any reserves in its
        balance sheets.

Q13:    Ultimately, if Symbol were found liable for the entire
        amount of the verdicts, does Symbol have adequate
        liquidity and capital resources to satisfy that amount?

A13:    Symbol believes that it could satisfy the entire amount
        with a combination of internal funds and funds obtained
        from the public and/or private capital markets, although
        access to the public markets will be subject to Symbol
        completing the pending restatement of its financial
        statements. In addition, Symbol's ability to access the
        capital markets would be subject to market conditions,
        industry conditions and the financial condition and
        prospects of Symbol at the time the capital markets are
        accessed.

Symbol Technologies, Inc. delivers enterprise mobility solutions
that enable anywhere, anytime data and voice communication
designed to increase productivity, reduce costs and realize
competitive advantage. Symbol systems and services integrate
rugged mobile computing, advanced data capture, wireless
networking and mobility software for the world's leading
retailers, transportation and logistics companies and
manufacturers as well as government agencies and providers of
healthcare, hospitality and security. More information is
available at www.symbol.com.

                         *     *     *

As reported in Troubled Company Reporter's September 19, 2003
edition, Symbol Technologies reached agreement with its bank group
to extend the Company's credit facility waiver for 60 days. The
waiver allows Symbol additional time to become current with its
periodic filings with the Securities and Exchange Commission.

As part of the agreement, Symbol reduced the credit facility from
$350 million to $100 million. The credit agreement originally was
signed in late 1998 and will expire by its terms in January 2004.

The previously reported investigations by the SEC and the U.S.
Attorney's office are ongoing. The Company intends to file with
the SEC its 2002 Annual Report on Form 10-K as well as Forms 10-Q
for the 2003 first and second quarters upon the completion of
their audits by the Company's external auditors.


TRITEAL: Oct. 15 Is Record Date for Distribution to Shareholders
----------------------------------------------------------------
TriTeal Corporation (PinkSheets:TEAL) announced that the United
States Bankruptcy Court for the Southern District of California
has approved a record date of October 15, 2003 for a pro-rata cash
distribution to holders of the Company's Common Stock.

Pursuant to the Company's Plan of Liquidation, which was approved
by the Court on December 7, 1999, holders of the Company's Common
Stock as of the Record Date are entitled to receive a pro-rata
distribution of remaining cash after all claims and expenses have
been resolved and paid in accordance with the Plan of Liquidation.

The Company's transfer agent, American Stock Transfer and Trust
Company, will act as paying agent for the Distribution. In order
to receive such Distribution, each owner of the Company's Common
Stock is required to surrender his/her stock certificates
evidencing such ownership of the Company's Common Stock within 60
days following mailing of notice of the intended Distribution.

The Company anticipates that notice of the intended Distribution,
along with specific instructions on the surrender of shares, will
be sent via first class mail to all holders of the Company's
Common Stock as of the Record Date on or about October 16, 2003,
and that the 60-Day Notice Period will expire on or about
December 15, 2003. Pursuant to the Company's Plan of Liquidation,
after expiration of the 60-Day Notice Period any shares of the
Company's Common Stock which have not been surrendered will be
rendered void and of no value.

All trading in the Company's stock will halt effective with the
close of the stock market on October 15, 2003.

The Company estimates that the final cash distribution will range
from $0.41 to $0.46 per share of Common Stock; however, at this
time, the exact amount of such distribution remains undetermined.


UNITED AIRLINES: Bankr. Court Fixes Stub Rent Payment Procedures
----------------------------------------------------------------
At the United Airlines Debtors' request, U.S. Bankruptcy Court
Judge Wedoff approves and authorizes a set of procedures for
making stub rent payments.

The Stub Rent Procedures will resolve all requests for allowance
and payment of a claim for rent for rejected non-residential real
property leases for the period from December 9, 2002 through
December 31, 2002.  James H.M. Sprayregen, Esq., at Kirkland &
Ellis, explains that the Procedures were negotiated and agreed
upon by the Debtors, the lessors who have filed requests for stub
rent and the Official Committee of Unsecured Creditors.

The Debtors have rejected about 100 non-residential real property
leases.  Several hundred more leases have yet to be decided.  Due
to this volume, the Court advised the Debtors to consider
alternative dispute resolution to resolve the Stub Rent Claims,
which resulted in the drafting of the Stub Rent Procedures.

The salient features of the Stub Rent Procedures are:

   (1) Upon receipt of a request, the Debtors will provide notice
       of these procedures and a proposal to the lessor;

   (2) If the lessor does not accept the Debtors' Proposal, it
       may offer a counterproposal and negotiate with the
       Debtors;

   (3) If no agreement can be reached, either party can seek
        mediation;

   (4) The mediator/arbitrator will be Judge John D. Schwartz of
       the Bankruptcy Court for the Northern District of
       Illinois;

   (5) For cases where the discrepancy between the Debtors and
       the lessor is less than $50,000, the Parties will not seek
       formal discovery;

   (6) For cases where the disputed amount is $50,000 or more,
       the parties have the right to conduct discovery and the
       arbitrator's decision will be governed by these legal
       standards:

       (a) There is a presumption that the rate inherent in the
           lease is the proper amount of administrative rent;

       (b) The Stub Rent Claim is based on the reasonable value
           of the leased premises, not the Debtors' use of the
           premises; and

       (c) Lessors cannot receive Stub Rent greater than the
           Lease Rate;

   (7) Resolutions will be sent to the Committee which has 10
       business days to object; and

   (8) With the Committee's approval, the Settlement Amount
       becomes an administrative claim without further Court
       order.

Fees of mediator/arbitrator will be divided equally among the
Debtors and the relevant lessors. (United Airlines Bankruptcy
News, Issue No. 28; Bankruptcy Creditors' Service, Inc., 609/392-
0900)


U.S. ONCOLOGY: Look for Third-Quarter 2003 Results on October 31
----------------------------------------------------------------
US Oncology, Inc. (Nasdaq: USON) will announce its 2003 third
quarter financial results Oct. 30.

The announcement will be made prior to the market open, with a
conference call for investors to follow at 9 a.m., CST.

US Oncology Chairman and Chief Executive Officer R. Dale Ross and
Chief Financial Officer Bruce Broussard will review results of the
third quarter, provide an update on the company's operations and
lead a question-and-answer session.

Details of the conference call, along with a simultaneous Web
cast, are available under the Investor Relations link (Calendar)
at http://www.usoncology.com

A replay of the conference call will be available Oct. 30-Nov. 13,
by dialing 1-800-642-1687, and referencing conference code
3317884.

US Oncology (S&P, BB Corporate Credit Rating, Negative),
headquartered in Houston, Texas, is America's premier cancer-care
services company.  The company supports the cancer-care community
by providing oncology pharmaceutical services, cancer center
services, and cancer research services to community-based
practices.  US Oncology is affiliated with more than 850
physicians operating in over 480 locations, including 76
outpatient cancer centers, in 30 states.


U.S. STEEL: Will Take about $50-Mill. Q3 Charge After Asset Swap
----------------------------------------------------------------
United States Steel Corporation (NYSE: X) said that its pending
non-monetary exchange of the plate mill at its Gary (Ind.) Works
for the No. 2 pickle line at the Indiana Harbor Works of
International Steel Group Inc., will result in a third quarter
pre-tax charge of approximately $45 million to $50 million.

In addition, as a result of the company's ongoing operating and
administrative workforce reduction programs and the level of
voluntary salaried retirements through September, the company
expects to record several third quarter pre-tax charges for both
union and nonunion employee retirement benefits totaling
approximately $620 million.

The company further noted a number of items that are expected to
affect third quarter operating results, including: 1) estimated
pre-tax costs of $20 million associated with the August power
outage effects on operations in Michigan and Ohio, 2) weak Tubular
results reflecting oil country tubular goods market conditions, 3)
a pre-tax charge of $5 million to reserve for amounts owed by a
raw materials customer who has filed for bankruptcy protection,
and 4) a pre-tax charge of approximately $5 million related to
capitalized costs of an abandoned software project at Transtar,
Inc. a wholly owned subsidiary.

U. S. Steel Chairman and CEO Thomas J. Usher said, "Despite the
challenges of the third quarter, we have made significant progress
integrating the assets we acquired from National Steel, and we are
aggressively reducing our union and nonunion domestic workforce.
As a result, we are on track to achieve our target of annual
repeatable cost savings in excess of $400 million by the end of
next year."

U. S. Steel (S&P, BB- Corporate Credit Rating, Negative) expects
to report third quarter results on October 28, 2003.

For more information about U. S. Steel, visit
http://www.ussteel.com


WHEELING-PITTSBURGH: Wants Avoidance Actions Procedures Extended
----------------------------------------------------------------
The Wheeling-Pittsburgh Debtors ask Judge Bodoh to extend certain
of the procedures previously approved in connection with the
commencement by Debtor Wheeling-Pittsburgh Steel Corporation of
adversary proceedings to:

The Debtors ask Judge Bodoh to:

       (1) avoid and recover certain preferential or
           fraudulent transfers received by various entities
           or individuals from WPSC; and

       (2) disallow claims of the recipients of those
           transfers against WPSC.

James M. Lawniczak, Esq., at Calfee Halter & Griswold LLP, in
Cleveland, Ohio, recounts that in November 2002, WPSC commenced
366 avoidance complaints against various defendants.  In May 2003,
WPSC asked that summons be issued.

Subsequent to the issuance of the summons in the Avoidance
Actions, numerous Avoidance Action defendants began serving
answers to the complaints.  However, several defendants have not
responded.

WPSC wants to seek for default judgment against the Avoidance
Action defendants who have not yet responded to the complaints
filed against them.  WPSC anticipates that, despite its best
efforts to obtain good service, one or more of the defendants will
assert insufficiency or failure of service of process as a
defense.  WPSC wants Judge Bodoh to cut off these prospective
arguments now before they are made by permitting WPSC additional
time to serve a second summons on those defendants who assert such
defense.

The Debtors want to extend these procedures in each Avoidance
Action:

       (a) in each Avoidance Action, WPSC may seek issuance of a
           second summons from the Clerk of Court to serve on the
           defendant, together with a copy of the filed Avoidance
           Complaints, by January 12, 2004, or within a longer
           period as Judge Bodoh may order; and

       (b) the Court will suspend the scheduling of a pretrial
           conference, the disclosure requirements and all other
           proceedings arising in the Avoidance Action, pending
           the issuance of the summons and its service upon the
           defendants.

The Debtors assert that the extension of these Procedures in all
Avoidance Actions will provide an appropriate period for WPSC to
move for default judgment and determine whether any Avoidance
Action defendants will assert the defense of insufficiency or
failure of service of process, while minimizing the time and
expense that WPSC would otherwise have to spend in obtaining
individual Court orders authorizing and approving the extension of
the Procedures in each Avoidance Action.

The Debtors believe that the extension of the Procedures in all
Avoidance Actions will minimize the burden that the Clerk's office
would otherwise face in having to enter individual orders
approving the extension of the Procedures in each Avoidance
Action.  If approved and adopted, the Extended Procedures will
continue to provide the parties a reasonable period of time to
attempt to reach mutually satisfactory settlements, thereby
eliminating the unavoidable expenses, burdens and risks associated
with litigation. (Wheeling-Pittsburgh Bankruptcy News, Issue No.
47; Bankruptcy Creditors' Service, Inc., 609/392-0900)


WOODLAND HATCHERY: Acquires Majority of Shares of Dwango North
--------------------------------------------------------------
Pursuant to an Agreement and Plan of Reorganization dated
September 19, 2003, among Woodland Hatchery, Inc. (which has
changed its name to Dwango North America Corp.), a Nevada
corporation, Cody T. Winterton, the principal shareholder of the
Company, Dwango North America, Inc., a Texas corporation, and the
securityholders of Dwango listed therein, the Company acquired a
substantial majority of the issued and outstanding shares of
common stock, par value $.001 per share, of Dwango and a
substantial majority of the securities convertible into or
exercisable for Dwango Common Stock in exchange for 4,420,534
shares of common stock, par value $.001 per share, of the Company
and securities convertible into or exercisable for 6,327,584
shares of New Dwango Common Stock.

The closing of the Exchange occurred on September 29, 2003. Prior
to the Closing and in accordance with the terms of the Agreement,
(i) the Company effected a one for 4.5 reverse stock split,
leaving 2,548,889 shares of New Dwango Common Stock issued and
outstanding, and (ii) Cody T. Winterton surrendered for
cancellation 1,888,889 post-split shares of New Dwango Common
Stock owned by him, representing 74.1 % of the issued and
outstanding shares of New Dwango Common Stock prior to Closing.
Accordingly, (i) the shareholders of the Company immediately prior
to the Closing owned 660,000 shares of New Dwango Common Stock
immediately after the Exchange and (ii) the shareholders of Dwango
immediately prior to the Closing owned a substantial majority of
the New Dwango Common Stock immediately after the Exchange. At the
Closing, Robert E. Huntley exchanged (i) 1,472,250 shares of
Dwango Common Stock for 2,051,553 shares of New Dwango Common
Stock, and (ii) options to purchase 500,000 shares of Dwango
Common Stock for options to purchase 696,741 shares of New Dwango
Common Stock, 139,348 of which are exercisable within the next 60
days, resulting in the beneficial ownership by Mr. Huntley of
approximately 42% of the issued and outstanding shares of New
Dwango Common Stock after the Closing (24% on a fully-diluted
basis). These transactions may be deemed to have resulted in a
change in control of the Company from Cody T. Winterton to Robert
E. Huntley. Pursuant to the Agreement, the directors and executive
officers of the Company prior to the Closing resigned and the
directors and executive officers of Dwango assumed the same
positions with the Company. In this respect, Robert E. Huntley, L.
Derrick Ashcroft, Joseph Allen, Jay F. Higgins and Paul Eibeler
became directors of the Company. Robert E. Huntley became the
Chairman of the Board, President and Chief Executive Officer, F.
Conrad Hametner III became Chief Operating Officer, Jacques Faust
became Chief Financial Officer and Rick Hennessey became Executive
Vice President of the Company.

Pursuant to the Agreement, the Company acquired a substantial
majority of the issued and outstanding shares of Dwango Common
Stock and a substantial majority of the securities convertible
into or exercisable for shares of Dwango Common Stock. The Company
intends to seek to acquire the remaining issued and outstanding
shares of Dwango Common Stock and securities convertible into or
exercisable for shares of Dwango Common Stock. Each Dwango
shareholder who elected to participate in the Exchange received
1.3934814 shares of New Dwango Common Stock for each share of
Dwango Common Stock so exchanged. Each holder of options, warrants
or convertible notes of Dwango who elected to participate in the
Exchange received a security of the Company comparable to the
security of Dwango exchanged by such holder, except that (i) the
number of shares for which the issued security was exercisable or
into which it was convertible was a number of shares equal to the
number of shares for which the Dwango security surrendered for
exchange was exercisable or convertible multiplied by the Exchange
Ratio, and (ii) the exercise or conversion price of the issued
security was the exercise or conversion price of the Dwango
security surrendered for exchange divided by the Exchange Ratio.

At the Closing, the Company issued (i) 4,420,534 shares of New
Dwango Common Stock in exchange for 3,172,294 shares of Dwango
Common Stock, (ii) promissory notes in the principal amount of
$2,450,000 convertible into 2,041,612 shares of New Dwango Common
Stock at a conversion price of $1.20 per share, (iii) options to
purchase 514,126 shares of New Dwango Common Stock at an exercise
price of $.80 per share, (iv) options to purchase 806,498 shares
of New Dwango Common Stock at an exercise price of $1.20 per
share, (v) options to purchase 378,658 shares of New Dwango Common
Stock at an exercise price of $1.32 per share, and (vi) warrants
to purchase 2,586,690 shares of New Dwango Common Stock at an
exercise price of $1.20 per share. Immediately following the
Closing, the Company had 5,080,534 shares of New Dwango Common
Stock, promissory notes convertible into 2,041,612 shares of New
Dwango Common Stock, options convertible into 1,699,282 shares of
New Dwango Common Stock, and warrants convertible into 2,586,690
shares of New Dwango Common Stock issued and outstanding.
Immediately following the Closing, Dwango still had 389,402 shares
of Dwango Common Stock, promissory notes convertible into 29,940
shares of Dwango Common Stock and warrants to purchase 29,940
shares of Dwango Common Stock issued and outstanding, owned by
securityholders who had not participated in the Exchange.

Under the terms of the Agreement and prior registration rights
agreements entered into by Dwango, the Company agreed to file a
registration statement under the Securities Act of 1933 to
register the shares of New Dwango Common Stock underlying the
convertible notes and certain of the warrants issued at the
Closing. Accordingly, the Company is obligated to file a
registration statement no later than four months after the Closing
and use its reasonable commercial efforts to cause such
registration statement to become effective as soon as practicable
thereafter. In addition, the holders of certain shares of New
Dwango Common Stock issued at the Closing, including shares of New
Dwango Common Stock underlying warrants issued at the Closing,
have "piggyback" registration rights which will allow them to have
their shares registered in the registration statement to be filed
by the Company. It is anticipated that the Company will also
include certain warrants issued at the Closing in such
registration statement.

In connection with the Closing, in exchange for the surrender for
cancellation by Cody Winterton of 1,888,889 shares of New Dwango
Common Stock on a post-reverse stock split basis and his
assumption of all liabilities of the Company existing at or
relating to periods prior to the Closing, all pre-Closing assets
of the Company were transferred to Cody T. Winterton and Dwango
paid to Mr. Winterton $50,000. Immediately after Closing, on a
consolidated basis, the only assets and liabilities of the Company
were those of Dwango.

In accordance with the terms of the Agreement, the Company filed
an amendment to its Articles of Incorporation on September 26,
2003 to increase the number of shares of preferred stock, par
value $.001 per share, of the Company authorized for issuance from
five million to ten million and to change its name to "Dwango
North America Corp."

The consideration exchanged pursuant to the Agreement was
negotiated at "arms-length" and the director of the Company used
the following criteria in evaluating the merits of the transaction
and amount of the consideration: the relative value of the assets
of the Company in comparison to those of Dwango; Dwango's present
and past business operations; the future potential of Dwango;
Dwango's management; and the potential benefit to the stockholders
of the Company. The director of the Company determined that the
consideration for the exchange was reasonable, under the
circumstances, in his good faith judgment. Neither the Company nor
Dwango secured a fairness opinion or independent appraisal in
connection with the determination of the Exchange Ratio or any of
the other terms of the Agreement.

No director, executive officer or beneficial holder of 5% or more
of the shares of New Dwango Common Stock prior to Closing had any
direct or indirect interest in Dwango or any of its affiliates
prior to Closing. No director, executive officer or beneficial
holder of 5% or more the shares of Dwango Common Stock prior to
Closing had any direct or indirect interest in the Company or any
of its affiliates prior to Closing.

The transactions contemplated by the Agreement are intended to
qualify as a tax-free reorganization pursuant to Section
368(a)(1)(B) of the Internal Revenue Code of 1986, as amended.

The Company is a successor to and intends to continue the business
operations conducted by Dwango prior to Closing. The following is
a summary of certain information regarding Dwango. Where the
context requires in the discussion below, "Dwango" refers to the
Company after giving effect to the Exchange.

Dwango develops and distributes wireless applications for users of
next generation wireless devices. These applications include
games, polyphonic musical ringtones and other entertainment
content. Dwango is an early entrant into this market in the United
States, a market that Dwango anticipates will grow rapidly. Dwango
currently distributes its content through agreements with wireless
carriers and a handset manufacturer. In addition to publishing its
own content, Dwango publishes licensed content from third parties
for distribution through its channels.

Dwango has signed exclusive licensing agreements with Dwango Co.,
Ltd. ("Dwango Japan"), one of the leading developers of wireless
entertainment and networking technology in Japan, which permit
Dwango to use and exploit the wireless intellectual property of
Dwango Japan (including software, technology, content and
trademarks) in the United States, Canada and Mexico. Dwango Japan
recently completed its initial public offering in Japan and was
listed on the Tokyo Stock Exchange on July 17, 2003. Dwango has
the opportunity to adapt and implement both current and future
Dwango Japan technology and content for use in North America.
Dwango Japan has established itself as a leading entertainment
content and network technology provider for NTT DoCoMo's
i-mode(TM) service, the largest wireless data service in the
world. Dwango anticipates that it will benefit from its
association with Dwango Japan.

Robert E. Huntley, the founder and Chief Executive Officer of
Dwango, is also a founder, the former Chairman of the Board and a
shareholder of Dwango Japan. He continued as an active director of
Dwango Japan until he stepped down in December 2001 following the
establishment of Dwango. Dwango intends to utilize Dwango Japan's
leadership position and proven wireless technology in the more
mature Asian wireless market as a significant competitive
advantage in the emerging North American market. Dwango intends to
publish game titles licensed from Dwango Japan and also
anticipates that it will implement current and future wireless
technologies and content developed by Dwango Japan. Additionally,
Dwango intends to pursue opportunities to develop and implement
its own wireless portal and content for use in the U.S. wireless
market, through internal development and strategic alliances.
Dwango also intends to publish game titles from other leading
Japanese wireless content developers.

All of the major U.S. wireless carriers have recently launched
their next generation of data services, known as "2.5G" and "3G."
These new services allow for a significant expansion of options
and features for wireless devices. In the later part of 2002,
Dwango entered into agreements with AT&T Wireless and Verizon
Wireless which provide the terms and conditions under which
Dwango's applications may be made available to end-users of those
carriers. Two of Dwango's games, STAR EXCEED(TM) and dwango
Racing(TM), have launched with AT&T Wireless on the Motorola T720
wireless handset and with Verizon Wireless on the LG VX4400
wireless handset. Relationships are also being pursued with
Alltel, Cingular, Nextel, Sprint PCS, and T-Mobile. In addition,
Dwango has an agreement with NEC America, a major international
handset manufacturer, to have Dwango game content preloaded on a
next generation wireless handset. This handset became available
for sale in July 2003.

In April 2003, Dwango entered into a Letter of Intent to acquire
Over-the-Air Wireless, Inc., a company engaged in the wireless
ringtone business. The Letter of Intent provides, among other
things, that Dwango will initially issue to the shareholders of
such company 200,000 shares of Dwango common stock, prior to
giving effect to the Exchange, subject to increase of up to an
aggregate of 600,000 shares, prior to giving effect to the
Exchange, depending upon the valuation of Dwango common stock in
certain defined future transactions, including the Exchange.

Dwango operates three divisions: dwango wireless, dwango media and
dwango studios.

         o dwango wireless: is the publishing division of Dwango,
           and is responsible for maintaining distribution
           relationships with carriers and handset manufacturers
           and porting applications for use in the North American
           market;

         o dwango media: manages and creates media applications
           such as ringtones, graphic downloads and picture
           applications; and

         o dwango studios: encompasses the game studio which
           develops original game content.

Although Dwango has three divisions, it operates in one segment
and does not account for each division separately.

It is contemplated that in the future any related businesses
formed or acquired by Dwango will be operated in separate
divisions.

Dwango was incorporated in Texas on November 20, 2000. Its
principal executive office is located at 5847 San Felipe Street,
Suite 2825, Houston, Texas 77057. Its telephone number at such
address is (713) 914-9600.


WORLD AIRWAYS: Terminates 8% Conv. Debenture Exchange Offer
-----------------------------------------------------------
World Airways, Inc. (Nasdaq: WLDA) announced that the exchange
offer for its outstanding 8% Convertible Senior Subordinated
Debentures due 2004 expired Thursday.

The exchange offer was subject to various conditions, including
the tender of at least $38,500,000 principal amount of existing
debentures, representing approximately 95% of the outstanding
existing debentures. At the expiration of the exchange offer, $7.2
million aggregate principal amount of existing debentures,
representing 17.7% of the existing debentures outstanding, had
been tendered. All existing debentures tendered pursuant to the
exchange offer will be promptly returned to their holders.

The restructuring of the existing debentures remains a condition
to the final approval by the Air Transportation Stabilization
Board of a federal loan guarantee of $27 million in support of a
$30 million new term loan facility the Company is seeking from
commercial lenders. The Company said that it continues to pursue
the ATSB-backed loan guarantee. Although the Company's major
debenture holders indicated in earlier discussions that they would
not tender their debentures under the existing terms, World
Airways said that it will continue to explore all available
alternatives, and is continuing discussions with major holders of
debentures regarding a possible transaction that would be
acceptable to them and also satisfy the ATSB requirements.

According to Hollis Harris, World Airways chairman and CEO, "We've
made tremendous progress this year, and our forecast for the third
quarter and full year is strong. The federal loan guarantee is an
important step in the effort to improve our balance sheet and
support our future growth plans. We are absolutely committed to
finding ways to come to an agreement with our major debenture
holders and to securing approval of the federal loan guarantee."

Utilizing a well-maintained fleet of international range, wide-
body aircraft, World Airways, Inc. has an enviable record of
safety, reliability and customer service spanning more than 55
years. The Company is a U.S. certificated air carrier providing
customized transportation services for major international
passenger and cargo carriers, the United States military and
international leisure tour operators. Recognized for its modern
aircraft, flexibility and ability to provide superior service,
World Airways, Inc. meets the needs of businesses and governments
around the globe. For more information, visit the Company's Web
site at http://www.worldair.com

World Airways Inc.'s March 31, 2003 balance sheet shows a working
capital deficit of about $22 million, and a total shareholders'
equity deficit of about $22 million.


WORLDCOM INC: Extends Tender Offer for Class A Shares of Digex
--------------------------------------------------------------
MCI (WCOEQ, MCWEQ) has extended the deadline for its tender offer
for all of the outstanding shares of Class A Common Stock of
Digex, Incorporated (OTC Bulletin Board: DIGX) for $0.80 per share
net to the seller in cash.

The tender offer, as extended, will now expire at 5:00 p.m., New
York City time, on October 17, 2003.  The tender offer was
scheduled to expire at 5:00 p.m., New York City time, on October
10, 2003.  As of the date hereof, approximately 9,391,112 shares
of Class A Common Stock have been validly tendered (and not
properly withdrawn).

MCI's tender offer remains subject to further extension.  Any such
extension will be followed as promptly as practicable by public
announcement thereof, and such announcement will be made no later
than 9:00 a.m., New York City time, on the next business day after
the previously scheduled expiration date.  Stockholders of Digex
have the right to withdraw shares of Class A Common Stock that
have been tendered until the expiration date of the tender offer,
as extended.  MCI may retain the shares of Class A Common Stock
that have been tendered and not withdrawn until the expiration of
the tender offer as extended.

Georgeson Shareholder Communications Inc. is acting as the
Information Agent in connection with the tender offer and can be
contacted at (212) 440-9800 (for banks and brokers) or (866) 295-
8105 (toll free for all others).

Documentation relating to the offer, may be obtained free of
charge at the SEC's Web site -- http://www.sec.gov-- or by
contacting Georgeson Shareholder Communications.  Digex
stockholders and other interested parties are urged to read the
documentation relating to the offer because it contains important
information.

WorldCom, Inc. (WCOEQ, MCWEQ), which currently conducts business
under the MCI brand name, is a leading global communications
provider, delivering innovative, cost-effective, advanced
communications connectivity to businesses, governments and
consumers. With the industry's most expansive global IP backbone,
based on company-owned POPs, and wholly-owned data networks,
WorldCom develops the converged communications products and
services that are the foundation for commerce and communications
in today's market. For more information, go to http://www.mci.com

Digex is a leading provider of enterprise hosting services. Digex
customers, from Fortune 1000 companies to leading Internet-based
businesses, leverage Digex's trusted infrastructure and advanced
services to successfully deploy business-critical and mission-
critical Web sites, enterprise applications and Web Services on
the Internet. Additional information on Digex is available at
http://www.digex.com


WORLDCOM INC: Intends to Assume Wilmington Trust Fiber Lease
------------------------------------------------------------
Worldcom Inc., and its debtor-affiliates want to assume a December
1986 Leveraged Lease Financing of a Fiber Optic Telecommunications
Facility and related ancillary and guaranty agreements with
Wilmington Trust Company and William J. Wade, as Owner Trustee.

Wilmington Trust originally contracted the Fiber Lease Agreement
with Williams Telecommunications Company.  MCI WorldCom Network
Services, Inc. succeeded WilTel.

Concurrent with the Fiber Lease Agreement, the Debtors and
Wilmington executed a participation agreement on April 15, 1987
with:

   -- Ford Motor Credit Company or FMCC, as Owner Participant,

   -- certain Banks, as Loan Participants, and

   -- Connecticut Bank and Trust Company, National Association or
      CBT as Indenture Trustee.

The Participation Agreement underwent three amendments in 1992,
1995 and 2000.  The DFO Partnership later succeeded Ford, and
State Street Bank and Trust Company succeeded Connecticut Bank.

The Ancillary Agreements include a Property Rights Agreement, a
Support Agreement, a Trust Agreement, and a Tax Indemnification
Agreement.

Eric B. Miller, Esq., at Piper Rudnick LLP, in Baltimore,
Maryland, informs the Court that the original cost of the
facilities subject to the Fiber Lease was $61,200,000.  The Fiber
Facility include the entire fiber optics telecommunications
system comprising 747 route miles starting in Salt Lake City,
Utah and ending in Los Angeles, California and running through
the states of Utah, Nevada and California.  The Fiber Lease
expires on July 15, 2007.

According to Mr. Miller, the remaining rent payments under the
Lease through July 15, 2007 total $31,386,226.  In addition,
$7,500,000 constitutes prepetition arrearage with respect to the
rental payment that was due on July 15, 2002.  Upon the
assumption of the Fiber Lease and the Related Agreements, the
prepetition arrearage will have to be paid as a cure payment
under Section 365 of the Bankruptcy Code.

The Fiber Lease grants the Debtors with an option to purchase the
Fiber Facility at the end of the term for a price equal to the
Fair Market Sale Value of the facility pursuant to the Lease.

Mr. Miller relates that the Debtors evaluated the relative costs
and benefits associated with the assumption and the rejection of
the Fiber Lease, including the feasibility of migrating the
traffic that utilizes the Fiber Facility in a limited time
window.  The Debtors determined that the best course of action
was to attempt to negotiate an amendment of certain of the
financial terms of the Fiber Lease.  In particular, the Debtors
determined to establish a maximum purchase price cap for the
Fiber Facility if they decide to exercise their end of term buy
out option and fixed annual rental payments through 2007.

On September 5, 2003, the Debtors and Wilmington executed a rider
to the Lease that:

   -- modifies the Purchase Option Section to establish a fixed
      purchase price for the Fiber Facility;

   -- amends the definition of the term "Services Commencement
      Date";

   -- amends the notification parties under the Fiber Lease; and

   -- fixes the annual rent payment at $5,117,700.

The Rider provides that upon not less than 12 nor more than 15
months' prior written notice to Wilmington, the Debtors can
exercise an option to purchase the Fiber Facility on the last day
of the Term for a cash purchase price equal to the lesser of Fair
Market Sale Value of the Facility as determined as of the date of
purchase or $3,825,000.  The Rider eliminates the uncertainty
associated with an appraisal or Fair Market Sale Value
determination by setting a maximum purchase price of $3,825,000.

Mr. Miller notes that the assumption of the Fiber Lease, as
modified, the Guaranty and the Related Agreements, and all
necessary and related actions will be effective after these
events have occurred:

     (i) an order approving the assumption of the Fiber Lease, as
         modified, the Guaranty and Related Agreements, and
         authorizing the payment of the Prepetition Arrearage,
         has been entered by the Court;

    (ii) the effective date of the Debtors' Plan; and

   (iii) the Prepetition Arrearage payment has been received by
         State Street Bank.

The assumption of the Lease and related agreements must be
approved, Mr. Miller asserts, since this is based on the Debtors'
business judgment.  The Rider establishes a maximum purchase
price cap for the Fiber Facility if the Debtors decide to
exercise their end of term buy out option.  With the Lease
modification, the Debtors will save as much as $10,915,425 over
the Lease term.  The Lease modifications also eliminate any
contingency planning necessary to address an uncertain and
unfavorable fair market value determination at the end of the
term of the Fiber Lease.  If WorldCom were to reject the Fiber
Lease, they would face an untenable prospect of migrating traffic
from the Fiber Facility to alternative fiber routes that presents
an unacceptable risk of disruption. (Worldcom Bankruptcy News,
Issue No. 39; Bankruptcy Creditors' Service, Inc., 609/392-0900)


W.R. BERKLEY: Files Universal Shelf Registration Statement
----------------------------------------------------------
W. R. Berkley Corporation (NYSE: BER) has filed a universal shelf
registration statement with the Securities and Exchange
Commission. This registration statement, which replaces the
Company's previous shelf registration statement, will allow the
Company to offer from time to time up to $750 million in various
types of securities, including debt, preferred stock, common
stock, warrants and depositary shares.

After the registration statement has been declared effective, the
Company may sell the securities in one or more separate offerings
in amounts, at prices and on terms to be determined at the time of
sale. The Company does not have any current plans to sell
securities under the new registration statement.

If and when the Company offers any securities under the new
registration statement, the Company will prepare and make
available a prospectus supplement that includes the specific terms
of the securities being offered.

A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective.

Founded in 1967, W. R. Berkley Corporation (A.M. Best, bb+
Preferred Securities Rating) is an insurance holding company which
operates in five segments of the property casualty insurance
business: specialty insurance, alternative markets, reinsurance,
regional property casualty insurance and international.


XCEL ENERGY: Receives SEC Order on NRG Energy's Bankruptcy
----------------------------------------------------------
Xcel Energy (NYSE:XEL) has received the necessary order from the
SEC under the Public Utility Holding Company Act regarding the
bankruptcy filing of its subsidiary, NRG Energy. The order from
the SEC was needed before NRG could solicit approval from its
creditors of its plan of reorganization. NRG will now submit the
solicitation materials and related plan documentation to the
bankruptcy court for final approval before sending the materials
to NRG's creditors for a vote.

"We are very pleased to have the SEC approval in hand," said Dick
Kelly, Xcel Energy vice-president and chief financial officer.
"NRG's advisors have informed us that they are prepared to send
the solicitation materials to NRG's creditors as soon as the
bankruptcy court gives its approval. Receiving SEC approval at
this time is another key step towards meeting our timeline for a
final resolution by mid-December."

Xcel Energy is a major U.S. electricity and natural gas company
with regulated operations in 12 Western and Midwestern states.
Xcel Energy provides a comprehensive portfolio of energy-related
products and services to 3.3 million electricity customers and 1.7
million natural gas customers through its regulated operating
companies. In terms of customers, it is the fourth-largest
combination natural gas and electricity company in the nation.
Company headquarters are located in Minneapolis. More information
is available at http://www.xcelenergy.com


* KPMG LLP Names Richard A. Brown Milwaukee Managing Partner
------------------------------------------------------------
KPMG LLP, the audit and tax firm, has appointed Richard A. Brown
as managing partner in Milwaukee. Brown has announced that his
initial goals will be to assure existing clients are well served,
grow the client base and expand the size of the office.

"We chose Rick for this managing partner role because of his
nearly two decades of experience, his in-depth knowledge of the
needs of Milwaukee-area companies, his understanding of the
business marketplace here, and his ties to the community," said
Paul Snyder, Midwest area managing partner of KPMG's Assurance
practice.

"KPMG has experienced over 20 percent growth during the past year
in Milwaukee, and we anticipate continued expansion in this
market, spurred by positive business indicators in the city and
the optimism of a general turnaround in the national economy
overall," said Brown. "We are actively recruiting to meet this
expansion."

Brown began his career with KPMG in 1970, and was named a partner
10 years later.  He has worked in KPMG's Milwaukee office for the
last 19 years, having served the firm as an SEC Partner, Associate
SEC Partner, Office Risk Management Partner and National Account
Lead Partner.  He obtained his degree in Accounting from the
University of South Florida in 1970, and was licensed as a
Certified Public Accountant a year later.

Brown is a member of the American Institute of Certified Public
Accountants, Wisconsin Institute of Certified Public Accountants,
Financial Executives Institute, Wisconsin Bankers Association and
the Financial Managers Society.  He is also a Board member of
Economics Wisconsin and the Mequon-Thiensville School District
having previously been the President.

As part of the expansion program, KPMG also announced that Partner
Gregory L. Ryan has re-located to Milwaukee from Chicago to handle
client service duties.

Ryan has served clients in the electronics sector, and has also
worked in the consumer and industrial markets.  He also has
significant experience working with SEC issues. A graduate of
Marquette University in 1990, Ryan spent his first nine years with
KPMG in Milwaukee, and relocated to the Chicago office in December
1999.

KPMG LLP is the audit and tax firm that has maintained a
continuous commitment throughout its history to providing
leadership, integrity and quality to the capital markets. The Big
Four firm with the strongest growth record over the past decade,
KPMG offers clients scale, global reach, industry insights, and a
multidisciplinary range of services. KPMG LLP --
http://www.us.kpmg.com-- is the U.S. member firm of KPMG
International.  KPMG International's member firms have nearly
100,000 professionals, including 6,600 partners, in 150 countries.


* Large Companies with Insolvent Balance Sheets
-----------------------------------------------
                                Total
                                Shareholders  Total     Working
                                Equity        Assets    Capital
Company                 Ticker  ($MM)          ($MM)     ($MM)
-------                 ------  ------------  -------  --------
Alliance Imaging        AIQ         (39)         683       43
Akamai Technologies     AKAM       (168)         230       60
Alaris Medical          AMI         (32)         586      173
Amazon.com              AMZN     (1,353)       1,990      550
Aphton Corp             APHT        (11)          16       (5)
Arbitron Inc.           ARB        (100)         156       (2)
Alliance Resource       ARLP        (46)         288      (16)
Atari Inc.              ATAR        (97)         232      (92)
Actuant Corp            ATU         (44)         295       18
Avon Products           AVP         (91)       3,327       73
Saul Centers Inc.       BFS         (13)         389      N.A.
Blount International    BLT        (369)         428       91
Cincinnati Bell         CBB      (2,104)       1,467     (327)
Cubist Pharmaceuticals  CBST         (7)         221      131
Choice Hotels           CHH        (114)         314      (37)
Columbia Laboratories   COB          (8)          13        5
Campbell Soup Co.       CPB        (114)       5,721   (1,479)
Caraco Pharm Labs       CPD         (20)          20       (2)
Centennial Comm         CYCL       (579)       1,447      (98)
Echostar Comm           DISH     (1,206)       6,210    1,674
D&B Corp                DNB         (19)       1,528     (104)
WR Grace & Co.          GRA        (222)       2,687      587
Graftech International  GTI        (351)         859      108
Hexcel Corp             HXL        (127)         708     (531)
Integrated Alarm        IASG        (11)          46       (8)
Imax Corporation        IMAX       (104)         243       31
Imclone Systems         IMCL       (186)         484      139
Inkine Pharm            INKP         (6)          14        5
Gartner Inc.            IT          (29)         827        1
Journal Register        JRC          (4)         702      (20)
KCS Energy              KCS         (30)         268      (16)
Kos Pharmaceuticals     KOSP        (75)          69      (55)
Lodgenet Entertainment  LNET       (101)         298       (5)
Level 3 Comm Inc.       LVLT       (240)       8,963      581
Memberworks Inc.        MBRS        (21)         281     (100)
Moody's Corp.           MCO        (327)         631     (190)
McDermott International MDR        (417)       1,278      154
McMoRan Exploration     MMR         (31)          72        5
Maguire Properti        MPG        (159)         622      N.A.
MicroStrategy           MSTR        (34)          80        7
Northwest Airlines      NWAC     (1,483)      13,289     (762)
ON Semiconductor        ONNN       (525)       1,243      195
Petco Animal            PETC        (11)         555      113
Primus Telecomm         PRTL       (168)         724       65
Per-Se Tech Inc.        PSTI        (39)         209       32
Qwest Communications    Q        (1,094)      31,228   (1,167)
Rite Aid Corp           RAD         (93)       6,133    1,676
Ribapharm Inc           RNA        (363)         199       92
Sepracor Inc            SEPR       (392)         727      413
Sigmatel Inc.           SGTL         (4)          18       (1)
St. John Knits Int'l    SJKI        (76)         236       86
Solutia Inc.            SOI        (249)       3,342     (231)
I-Stat Corporation      STAT          0           64       33
Syntroleum Corp.        SYNM         (1)          47       14
Town and Country Trust  TCT          (2)         504      N.A.
Tenneco Automotive      TEN         (75)       2,504      (50)
TiVo Inc.               TIVO        (25)          82        1
Triton PCS Holdings     TPC         (60)       1,618      173
UnitedGlobalCom         UCOMA    (3,040)       5,931   (6,287)
United Defense I        UDI         (30)       1,454      (27)
Ultimate Software       ULTI         (7)          31      (10)
UST Inc.                UST         (47)       2,765      829
Valassis Comm.          VCI         (33)         386       80
Valence Tech            VLNC        (17)          36        4
Ventas Inc.             VTR         (54)         895      N.A.
Warnaco Group           WRNC     (1,856)         948      471
Western Wireless        WWCA       (464)       2,399     (120)
Xoma Ltd.               XOMA        (11)          72       30

                          *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com.

Bond pricing, appearing in each Thursday's edition of the TCR, is
provided by DebtTraders in New York. DebtTraders is a specialist
in global high yield securities, providing clients unparalleled
services in the identification, assessment, and sourcing of
attractive high yield debt investments. For more information on
institutional services, contact Scott Johnson at 1-212-247-5300.
To view our research and find out about private client accounts,
contact Peter Fitzpatrick at 1-212-247-3800. Real-time pricing
available at http://www.debttraders.com/

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/books/to order any title today.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

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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 USA, and Beard
Group, Inc., Washington, DC USA. Yvonne L. Metzler, Bernadette C.
de Roda, Donnabel C. Salcedo, Ronald P. Villavelez and Peter A.
Chapman, Editors.

Copyright 2003.  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 $675 for 6 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 240/629-3300.

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