TCR_Public/951107.MBX BANKRUPTCY CREDITORS' SERVICE, INC.


        HARRAH'S DENIES NEW ORLEANS BANKRUPTCY

        
            MEMPHIS, Nov. 7, 1995 -- Harrah's Entertainment,
Inc.
        (NYSE: HET) today denied reports circulating on various financial
        wires and among the media that Harrah's Jazz Company has retained a
        law firm for bankruptcy proceedings.
        


            A spokesman for the Company stated that "While it remains
        Harrah's policy not to comment on market rumors, Harrah's Jazz
        Company, the Harrah's New Orleans ownership partnership, has no
        intent to enter bankruptcy proceedings and has taken no steps,
        including retaining any law firm, to pursue this course.  In
        addition, rumors alleging that Harrah's cannot meet its obligations
        under the completion guarantee for the Harrah's New Orleans project
        are also false and unfounded." Harrah's Entertainment, Inc. is the
        premier name in the casino entertainment industry.
        


            Operating 16 casinos in eight states, Harrah's has more
        properties in more jurisdictions than any other casino company in
        North America.
        


        /CONTACT:  Ralph Berry, Harrah's Entertainment, Inc.,
        901-762-8629/




        HEMMETER ENTERPRISES, INC. ANNOUNCES BANKRUPTCY FILING

        
            DENVER, Nov. 7, 1995 -- Hemmeter
Enterprises, Inc.
(HEI),
        a Denver-based casino owner and operator, announced today that HEI
        and its Colorado subsidiaries, Bullwhackers Black Hawk, Bullwhackers
        Central City and Millsite 27, have filed for reorganization under
        Chapter 11 of the Federal Bankruptcy Code.
        


            In its filing today in U.S. Bankruptcy Court in the State of
        Delaware, company officials said the filing is part of the company's
        previously announced planned restructuring of its existing debt.
        The company anticipates filing a Disclosure Statement and Plan of
        Reorganization outlining the terms of a restructuring in the very
        near future.
        


            As part of the reorganization plan, it is contemplated that the
        company's senior secured bondholders will extinguish a substantial
        amount of their outstanding senior secured notes in return for,
        among other things, 90% of the ownership and new secured notes of
        the reorganized entity.  The remaining 10% ownership will be made
        available to management through an incentives program.
        


            "Although the filing includes the parent company and our
        successful Bullwhackers subsidiaries, there will be no effect on the
        day-to-day operations of our Colorado casinos," said Stephen J.
        Szapor, Jr., the recently appointed president and CEO of HEI.
        


            "The filing is necessary to effectuate the proposed
        reorganization of the parent company's bond indebtedness.  For
        customers, vendors and employees of the Bullwhackers subsidiaries,
        it will be business as usual and Bullwhackers will continue to pay
        its trade creditors on an ongoing basis in the ordinary course of
        business," said Szapor.  "In fact, we are proceeding with our
        recently announced expansion plans to purchase the Silver Hawk
        Casino in Black Hawk and we will proceed on the development of our
        proposed parking garage."
        


            Szapor also said, "Our Colorado operations remain healthy.  The
        company's management team and the company's bondholders are excited
        about the future growth of our operations.  Additionally, we have
        entered into a new loan and security agreement with Foothill Capital
        Corporation, which will provide us with the financing necessary to
        fund the Silver Hawk acquisition and for working capital purposes."
        


            "We are extremely pleased to have reached an agreement with a
        financial institution such as Foothill.  We believe their commitment
        to provide the Bullwhackers operations with this financing shows
        their support for, and confidence in, both the Bullwhackers
        operations and the Colorado gaming industry.  This financing is
        another important step in the development of the previously
        announced expansion project for our Bullwhackers," said Szapor.
        


            Foothill Capital Corporation is a major financial institution
        based in Los Angeles.  Foothill recently announced it has been
        acquired by Norwest Bank which has a substantial presence in
        Colorado.
        


        /CONTACT:  Z. James Czupor of The InterPro Group, 303-871-8909; or
        Stephen J. Szapor of Hemmeter Enterprises, 303-863-2400/


        

Rockefeller Center Properties, Inc.
        signs definitive merger agreement with investor group; RCPI
        Shareholders to Receive $8.00 Per Share in Cash

        
            NEW YORK--Nov. 7, 1995--Rockefeller Center
        Properties, Inc. ("RCPI") today announced that it has signed a
        definitive merger agreement with an investor group including Exor
        Group S.A., David Rockefeller, an affiliate of Tishman Speyer
        Properties, Inc., Troutlet Investments Corporation and Whitehall
        Street Real Estate Partnership V (the "Investor Group"), under which
        shareholders of RCPI would receive $8.00 cash per share of common
        stock in exchange for their RCPI shares.  As part of the
        transaction, the Investor Group also will assume all of RCPI's
        outstanding liabilities and provide up to $45 million in short-term
        financing.  
        
            RCPI also announced that it today terminated its agreement with
        Equity Office Holdings, L.L.C.  
        
            The Company said that the agreement with the Investor Group
        should form the basis for an amendment to the plan of reorganization
        that the current owners of Rockefeller
Center
filed earlier today
        with the Bankruptcy Court.  
        


            "This agreement, reached after months of negotiations with a
        variety of potential investors, maximizes value for shareholders,"
        said Dr. Peter D. Linneman, Chairman of the Board of RCPI.  "The
        $8.00 per share cash price to be received by RCPI shareholders is
        approximately twice the price of the stock last May when the
        Debtor's bankruptcy commenced and we began seeking financial
        partners who would help us unlock value for the RCPI shareholders."
        


            A spokesman for the Investor Group said: "This agreement will
        preserve the great tradition of Rockefeller Center for tenants and
        for the greater New York community.  It assures operational
        expertise together with a financially sound foundation for this
        landmark property.  We believe this agreement serves the best
        interests of shareholders, tenants, and the New York community.  We
        are pleased the RCPI board of directors supports our commitment to
        the future of Rockefeller Center."  
        


            RCPI also announced that it had entered into an agreement with
        this Investor Group pursuant to which, if the RCPI shareholders do
        not approve the merger, Goldman, Sachs & Co.  and Whitehall would,
        if requested by RCPI, cooperate in a $200 million rights offering to
        RCPI shareholders at a price of not less than $6.00 per share.  
        


            The consummation of the transaction contemplated by the merger
        agreement is subject to a number of conditions, including the
        approval of RCPI shareholders.  There can be no assurance that these
        conditions will be satisfied.  RCPI is a mortgage real estate
        investment trust whose principal asset is a $1.3 billion
        participating convertible mortgage loan on Rockefeller Center.  
        


            Rockefeller Center is a 12-building landmark office and retail
        complex in the heart of midtown Manhattan with 6.2 million square
        feet of net rentable space.  The current owners of Rockefeller
        Center, two partnerships controlled by Mitsubishi Estate Company,
        Ltd.  and Rockefeller family interests, filed for protection under
        Chapter 11 on May 11, 1995.  
        


            RCPI is listed on the New York Stock Exchange as "RCP."  As of
        November 6, 1995, there are 38,260,704 shares of common stock
        outstanding.  
        


        CONTACT: RCPI,
                 Stephanie Leggett Young, (212) 698-1440
                     OR
                 Gary Holmes,
                 (212) 484-7736
                     OR
                 Investor Group:
                 Andrea Bergofin or                  Adam Weiner
                 (212) 593-2655