Bankruptcy News For - April 29, 1996

  1. Platinum Software announces third quarter fiscal 1996 results
  2. Coded Communications announces first quarter 1996 results of operations
  3. Credit Depot Corporation reports improved third quarter
  4. Fresh Choice Moves Toward Profitability

Platinum Software Corp. announces third quarter fiscal 1996 results

            IRVINE, Calif. -- April 29, 1996 -- Platinum
        Software Corp. (NASDAQ:PSQL), Monday reported its financial results
        for the third quarter of fiscal 1996.

            Revenues for the third quarter of fiscal 1996, ended March 31,
        1996, were $8.4 million as compared to revenues of $13.4 million for
        the third quarter of fiscal 1995.  A net loss of $14.5 million or
        $1.08 per share was reported for the third quarter of fiscal 1996,
        as compared to a loss of $1.9 million or $.15 per share for the same
        quarter a year ago.

            During the quarter, the company recorded a restructuring charge
        of $4.2 million related to the downsizing of the company to a 325
        employee level.

            The company's balance sheet as of March 31, 1996, showed cash of
        $14.3 million, accounts receivable of $9.0 million, as well as
        deferred revenue of $9.0 million.

            During the third quarter of fiscal 1996, Platinum Software Corp.
        announced the appointment of two senior executives, L. George Klaus,
        president and chief executive officer and William R. Pieser, senior
        vice president of marketing and business development.

            The company also announced that during the quarter, it reached
        agreement with the attorneys for the plaintiff class regarding
        reinstating the $15.0 million debenture issued in a settlement of a
        class action securities litigation.   

            The company is required to repay the debenture in two principal
        installments of $7.5 million plus accrued interest, on Sept. 20,
        1996 and Feb. 28, 1997.  The company has the right to pay this
        debenture in either cash or by issuing common stock.  

            L. George Klaus, president and chief executive officer, said:
        "Shortly, I will be announcing a senior vice president of field
        operations.  With this addition, we are prepared to move Platinum
        forward.  I am satisfied with the comprehensive financial statement
        review that we recently conducted.  I am also encouraged by the sell-
        through of Platinum(r) SQL NT."

            More information about Platinum Software Corp. and its products
        and services is available at the Platinum World Wide Web site" target=_new>">

            Platinum Software, the financial software company, develops and
        markets leading client/server software products for corporations
        worldwide.  The company's products enable organizations to scale
        their technology investments to meet the changing needs of their
        businesses.  Founded in 1984, Platinum Software has headquarters in
        Irvine, Calif.

                          Platinum Software Corp.
                   Condensed Consolidated Balance Sheets
                              (in thousands)
                                                 March 31,     June 30,
                                                   1996          1995
        Current assets:
          Cash and cash equivalents                   $  14,336    $  26,276
          Restricted cash                                   --           476
          Accounts receivable, net                        8,978       14,205
          Notes receivable from divestitures, net         1,665          957
          Inventories                                       457          672
          Prepaid expenses and other                      1,714        1,785
          Total current assets                       27,150       44,371
        Property and equipment, net                       9,497       11,961
        Notes receivable from divestitures, net             --         3,534
        Software development costs, net                   2,423        3,000
        Acquired intangible assets, net                   1,305        2,403
        Other assets                                        478          564
                                                  $  40,853    $  65,833
        Liabilities and Stockholders' Equity
        Current liabilities:
          Current portion of class action settlement  $  16,717    $     --
          Accounts payable                                2,983        3,920
          Accrued expenses                                8,178        5,964
          Accrued restructuring costs                     2,472        1,192
          Deferred revenue                                9,011        8,980
          Total current liabilities                  39,361       20,056
        Long-term portion of class action settlement        --        15,812
        Stockholders' equity:
          Preferred stock                                31,996       31,996
          Common stock                                       14           13
          Additional paid-in capital                     81,933       80,391
          Accumulated foreign currency translation          
        adjustments                                     240          304
          Accumulated deficit                          (112,691)
          Total stockholders' equity                  1,492       29,965
                                                  $  40,853    $  65,833
                          Platinum Software Corp.
             Condensed Consolidated Statements of Operations
                 (in thousands, except per share amounts)
                             Three Months Ended       Nine Months Ended
                                   March 31,              March 31,
                               1996        1995       1996        1995
          License fees           $ 3,619       $ 8,386   $ 14,596   $ 25,730
          Consulting and           2,153         2,691      8,254      9,021
           professional services
          Support services         2,590         2,183      7,801      6,134
          Royalty income               -           112        505        394
                               8,362        13,372     31,156     41,279
        Cost of revenues           5,107         4,950     15,657     14,972
           Gross profit            3,255         8,422     15,499     26,307
        Operating expenses:
          Sales and marketing      4,659         5,119     15,353     13,888
          General and              5,673           940      8,960      3,943
          Software development     3,047         4,316     11,192     13,341
          Charge for               4,200             -      9,800          -
                              17,579        10,375     45,305     31,172
           Loss from operations  (14,324)       (1,953)   (29,806)
        Other income (expense),     (186)           31       (146)       159
           Loss before provision (14,510)       (1,922)   (29,952)
        for income taxes
        Provision for income           -             8          -         20
           Net loss              $(14,510)     $(1,930)  $(29,952)  $
        Net loss per share       $  (1.08)     $ (0.15)  $  (2.20)  $
        Shares used in              13,442       12,869     13,602    12,760
         computing net loss
         per share
        CONTACT:  Platinum Software Corp.;
                  Geri L. Schanz, 714/450-4578 /

Coded Communications announces first quarter 1996 results of operations

            CARLSBAD, Calif. -- April 29, 1996 -- Coded
        Communications Corp. (NASDAQ Electronic Bulletin Board symbol: CODD
        and VSE symbol: CCI) Monday announced higher sales and sharply
        improved operating results for the first quarter ended March 30,

            For the first quarter of 1996, the company reported a 21 percent
        increase in sales over the same period in 1995.  Sales in 1996 were
        $2,696,000 compared with $2,224,000 in the prior year.  Operating
        income before interest, income taxes and extraordinary item was
        $102,000 in 1996 compared with an operating loss of $1,519,000 in

            The net loss in 1996, including an extraordinary gain, was
        $55,000 or 1 cent per share compared with a net loss of $1,723,000
        or 14 cents per share in 1995.

            Jack Robinson, president and CEO since March 1995, when he
        assumed the leadership of Coded to implement a turnaround and
        restructuring, commented, "We are pleased to report our third
        consecutive quarterly operating profit and sharply improved
        financial results.  For the first quarter of 1996, Coded reported a
        21 percent increase in sales over the prior year, a 37 percent
        decrease in operating expenses and continuing improvement in gross
        margin on sales.  

            "While efforts to restructure our business have resulted in a
        significant improvement in financial results, new order bookings for
        our mobile data system business continue to be below our
        expectations.  While we anticipate improved bookings levels for
        mobile data systems beginning in the second quarter, the timing of
        orders may impact third quarter sales levels."  

            He added, "Our primary goals for the first half of 1996 are to
        continue to improve financial performance and negotiate a
        recapitalization of the company.  Over the last 12 months, we have
        restructured over $4 million in unsecured debt and we are attempting
        to negotiate a restructuring of $6.6 million in secured debt.  These
        ongoing efforts are a key to Coded's future."

            With headquarters in Carlsbad, Coded Communications is a leader
        in providing wireless data and aerospace telemetry solutions to
        public safety, government entities and commercial customers

                         Coded Communications Corp.
                      Summarized Financial Information
                  (Amounts in Thousands - Except per Share)
                                             Three Months Ended
                                           March 30,     April 1,
                                             1996          1995
        Operating Data:
          Net sales                            $ 2,696       $ 2,224
          Gross margin                           1,082            (2)
          Operating expense                        980         1,517
          Income (loss) before
           interest and taxes                      102        (1,519)
          Loss before extraordinary item          (107)       (1,723)
          Net loss                                 (55)       (1,723)
          Net loss per share                   $  (.01)      $  (.14)
          Average shares outstanding            14,688        12,568
        (1)  Results for 1996 include an extraordinary gain of $52,000 from
         the extinguishment of debt.
        (2)  See "Cautionary Statements" in the company's quarterly report
         on Form 10-QSB.

        CONTACT:  Coded Communications
                  Jack Robinson, 619/431-1945
                  Lawrence Gibson, 619/431-0077, ext.246

Credit Depot Corporation reports improved third quarter
operating results

            GAINESVILLE, Ga. -- April 29, 1996 -- Credit Depot
        Corporation (NASDAQ:LEND) today reported improved results of
        operations for the quarter ending March 31, 1996.  The Company had a
        net loss of $474,302 or $(.18) per share for the quarter, as
        compared to a net loss of $1,287,942 or $(.38) per share for the
        quarter ending March 31, 1995.  

            Revenues for the quarter were $1,138,190, compared with revenues
        of $537,558 reported for the same period a year ago.  Through the
        nine months ended March 31, 1996, the Company reported a net loss of
        $2,759,236 or $(.90) per share compared to a loss of $3,062,462 or
        $(.91) for the nine months ended March 31, 1995.  

            Management noted the increase in revenue for the quarter
        resulted from "improved profit margins."  Management elaborated by
        saying "The improvement in the profit margin is a result of the
        relationship Credit Depot has developed with a major loan
        securitizer under which Credit Depot has been selling loans to this
        entity for inclusion in a securitized mortgage transaction.  These
        sales allowed the Company to participate in securitization profits,
        although at a lower profit margin than if the Company had completed
        its own securitization and acted as the servicer.  While management
        is encouraged by the decline in losses, the losses have continued as
        a result of the limitations in generating loan volume which is
        primarily a result of the capital constraints on the Company.
        Addressing the Company's capital requirements to fund growth
        continues to be management's top priority."  

            In that regard, the Company announced that the $5,550,000
        principal amount of Senior Subordinated Notes which were issued by
        the Company in 1994 became due on March 30, 1996.  As part of its
        broader capital planning program, the Company is seeking financing
        to repay the Notes and is also discussing a restructuring of the
        Notes with certain of the holders.  To date, the holders have
        advised the Company that they are forbearing taking action to
        enforce the Notes.  

            Credit Depot Corporation is a multi-state financial services
        company that provides residential, real estate financing to
        individuals unable to secure loans through conventional sources.
        The Company currently originates loans through its offices in
        Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina,
        Tennessee, and Kentucky.  These loans are collateralized by first
        mortgages, primarily on owner-occupied residential properties.

                             Credit Depot Corporation
                                Financial Summary
                                   Three Months Ended      Nine Months Ended
                                       March 31                March 31
                                  1996         1995         1996         1995
        Finance income and
         fees earned                $332,128      $62,721     $627,622
        Net gain on sale of
         receivables                $754,402     $449,540   $1,062,744
        Other income                 $51,600      $25,297      $77,968
        Income (loss) before
         income taxes              $(474,302) $(1,287,942) $(2,759,236)
        Net income (loss)          $(474,302) $(1,287,942) $(2,759,236)
        Average Shares Outstanding 3,378,761    3,378,761    3,378,761
        Net income (loss)
         per share(a)                  $(.18)       $(.38)       $(.90)
         (a) After preferred stock dividends of $144,000 and $0 for the
        quarter ending March 31, 1996 and 1995, and $271,677 and $0 for the
        nine months ending March 31, 1996 and 1995, respectively.  

        CONTACT:  Gerald F. Sullivan   
                  Credit Depot
                  (770) 531-9927
                  John P. Kehoe/Van Negris
                  Kehoe, White, Savage & Co., Inc.
                  (212) 888-1616

Fresh Choice Moves Toward Profitability,
        Reaches Agreement on $5.5 Million Outside Investment

            SANTA CLARA, Calif. -- April 29, 1996 -- Fresh
        Choice Inc. (Nasdaq:SALD) today announced improved financial
        performance for the first quarter of 1996, an agreement for the
        purchase of $5.5 million of the Company's preferred stock by
        Crescent Real Estate Equities Limited Partnership of Fort Worth,
        Texas and the election of two new, outside directors.

            The company had a net loss of $866,000, or $0.16 per share, for
        the first quarter of 1996 (12 weeks).  This compared to a loss of
        $1,284,000, or $0.23 per share, for the comparable period last year.
        The first quarter net loss in 1996, which included no tax benefit
        and was therefore also the pre-tax loss, was 60% less than the pre-
        tax loss of $2,140,000 in the prior-year period.

            Shares used in computing per-share amounts in the first quarter
        were 5,584,000 in 1996 and 5,483,000 in 1995.

            Sales for the first quarter of 1996 were $18,061,000, an
        increase of $1,127,000, or 6.7% over the first quarter of 1995.
        This reflects the opening of seven restaurants since January 1995
        and the closing of four units beginning late last year.  Up to six
        additional restaurants are being considered for closing as part of
        the company's previously announced restructuring plan.

            Restaurant-operating expenses for the first quarter this year
        were 62.0% of sales compared with 67.8% for the same period of the
        prior year, a reduction of 5.8 percentage points.  Additionally,
        general and administrative expenses for the 1996 period include
        costs for consultants, most of whom have completed their work.

            Subject to approval by the shareholders of Fresh Choice Inc. and
        other closing conditions, Crescent Real Estate Equities Limited
        Partnership will purchase 1,187,906 shares of convertible, non-
        voting preferred stock of Fresh Choice Inc. for $4.63 per share (a
        total of $5.5 million) in a private offering.

            Charles A. Lynch, chairman of Fresh Choice, said, "We're making
        steady progress under Bob Ferngren's leadership as chief executive
        officer. We'll be profitable this year if we meet our planned
        budgets and if we continue to get favorable response from our
        customers to the improvements we're making.

            "There were no surprises in the first quarter of 1996.  We
        projected a loss.  Our comparable, real-store sales decreased just
        0.3%, which is very encouraging when compared to the 17.3% decrease
        for the same period 1995.

            "This comparable-sales progress appears to be primarily the
        result of customer satisfaction with the recent introduction of our
        line of new salads, soups and pastas, with special toppings and
        garnishes that are offered in almost all of our restaurants,"
        Ferngren explained.

            "They were developed by our staff and an outside professional
        firm.  Then, we carefully evaluated them with customers in our
        Mountain View restaurant.  The system-wide roll out will be
        completed in mid-May.

            "The opening of our new prototype restaurant in Roseville,
        Calif., is on schedule for May 14.  We'll launch our new
        merchandising effort there and move elements of it into other units
        as rapidly as possible.

            "Roseville will present a totally different, more customer-
        friendly atmosphere with warmer colors, faster movement through the
        restaurant, greater comfort, improved signs and descriptions of our
        products, and an outdoor-market-display concept for our food items,"
        Ferngren continued.

            "As part of this new merchandising thrust, customers will be
        able to purchase some of our most popular products, such as salad
        dressings and muffin mixes.  And we'll be highlighting some of our
        vendors' popular, branded products, as well.

            "All of these actions will be supported by an aggressive
        marketing campaign directed at our core customers that will be
        managed by Tim O'Shea, who was recently appointed our vice president
        of marketing.  He brings us strong capabilities in operations,
        marketing and product development from 25 years of experience with
        Saga Corp. and W.R. Grace.

            "We're going to tell our customers unmistakably what we are and
        what we offer them in healthy, delicious, fresh products," Ferngren
        said.  "We'll communicate a fully integrated message with a more
        definitive logo, readable and attractive descriptions of our menu
        items, chefs for our pasta, bakery and salad stations who will
        interact with our customers, and strong, complementary advertising."

            The two new directors, elected on April 11, are M. Michael
        Casey, senior vice president and chief financial officer of
        Starbucks Corp., and Vern O. Curtis, a senior restaurant executive
        for many years.

            "Mike Casey and Vern Curtis have first-hand restaurant
        management experience and will add highly valuable strategic and
        financial counsel as we prepare to move into a new growth phase for
        Fresh Choice," Lynch emphasized.  "We're delighted to have them as
        part of our team."

            Prior to joining Starbucks, Casey was a director and executive
        vice president of Family Restaurants, Inc., and president and chief
        executive officer of El Torito, one of its chains.  Before that he
        was a vice president of W.R. Grace & Co. and deputy group executive
        of its restaurant group.  He has a bachelor's degree in economics
        from Harvard College and an M.B.A. from Harvard Business School.  

            Curtis was a senior executive with Denny's, a diversified
        restaurant company with more than 2000 units, for 20 years.  He
        served as its president and chief executive officer from 1980 to
        1985 and chairman from 1985 to 1987.  For the next three years, he
        was dean of the School of Business and Economics at Chapman College
        in Orange, Calif.  Since 1991, he has been self-employed as an
        investor.  He's a graduate of the University of Utah.

            Lynch described the agreement for a $5.5 million investment by
        Crescent "as another piece of very good news for Fresh Choice.
        We're delighted to have Crescent's involvement in our company.

            "We will use this new investment for future expansion,
        remodeling our restaurants, installing a point-of-sales system,
        upgrading our information systems, and additional working capital,"
        Lynch explained.  "Crescent's involvement will also provide
        opportunities for us with our future real estate requirements."

            "As we continue to look for opportunistic investments, we're
        excited about Fresh Choice," said Gerald Haddock, president and
        chief operating officer of Crescent.  "We believe that the strategic
        handling of the real estate-needs and real estate-related products
        of publicly traded companies like Fresh Choice will provide value-
        creation opportunities in the future for their shareholders and

            The 1,187,906 shares of non-voting Series B preferred stock are
        convertible into Series A voting preferred stock.  In the event of a
        failure by the Company to meet agreed upon earnings targets through
        1998, the holder of the Series A preferred would be entitled to
        elect a majority of the directors.  Upon achievement of certain per-
        share price tests, the Company may force the conversion of Series A
        preferred stock to common stock.  

            Crescent will have an option to purchase an additional 593,953
        shares of non-voting preferred at a price of $6.00 per share for a
        period of three years following the closing.

            Fresh Choice Inc. operates 54 casual, upscale restaurants in
        California, the state of Washington, Texas and the Washington, D.C.
        metropolitan area.  The company's restaurants offer customers an
        extensive selection of high-quality, freshly prepared traditional
        and specialty salads, hot pasta dishes, soups, bakery goods, and
        desserts in a self-service format.

                            FRESH CHOICE INC.
                  (In thousands, except per share amounts)
                                             First Quarter Ended
                                     March 24, 1996      March 19, 1995
                                     --------------      ---------------
        NET SALES                        $18,061  100.0%    $16,934   100.0%
           Cost of sales                   5,053   28.0%      4,583    27.0%
           Restaurant operating expenses:
        Labor                          5,906   32.7%      5,914    34.9%
        Occupancy and other            5,284   29.3%      5,565    32.9%
        Depreciation and amortization    817    4.5%      1,263     7.5%
        General and administrative
          expenses                     1,796    9.9%      1,754    10.4%
         Total costs and expenses      18,856  104.4%     19,079   112.7%
        OPERATING LOSS                      (795)  (4.4)%    (2,145)
        Interest income                       --     --          46     0.3%
        Interest expense                     (71)  (0.4)%       (41)
        Interest income (expense) - net      (71)  (0.4)%         5     0.1%
        LOSS BEFORE INCOME TAXES            (866)  (4.8)%    (2,140)
        Benefit from income taxes             --     --        (856)
        NET LOSS                         $  (866)  (4.8)%   $(1,284)
        Net loss per common share        $ (0.16)           $ (0.23)
        Shares used in computing per
          share amounts                     5,584             5,483
        Number of restaurants:
        Open at beginning of period        55                51
        Open at end of period              54                53
                          FRESH CHOICE INC.
                        (Dollars in thousands)
                                               March 24,       Dec. 31,
                                                 1996            1995
                                              -----------    -----------
        Cash and cash equivalents                $   932       $  1,294
        Receivables                                  144            207
        Inventories                                  427            465
        Pre-opening costs                             38            117
        Refundable income taxes                    1,602          1,602
        Prepaid expenses and other current
          assets                                     470            686
        Total current assets                       3,613          4,371
        PROPERTY AND EQUIPMENT, net                   31,671         31,983
        LEASE ACQUISITION COSTS, net                     613            630
        DEPOSITS AND OTHER ASSETS                        344            322
        TOTAL                                        $36,241        $37,306
        Line of credit                           $   391        $    --
        Accounts payable                           2,794          2,909
        Accrued salaries and wages                 1,610          1,121
        Sales tax payable                            905            627
        Other accrued expenses                     2,885          2,954
        Restructuring reserve                      4,294          5,266
        Current portion of capital lease
         obligations                                 316            406
        Total current liabilities                 13,195         13,283
        CAPITAL LEASE OBLIGATIONS                         60             89
        OTHER LONG TERM LIABILITIES                    1,555          1,643
        Total liabilities                         14,810         15,015
        Preferred stock, $.001 par value;
          250,000 shares authorized; none
        Common stock - $.001 par value;
          7.5 million shares authorized; shares
          outstanding: 1996 - 5,583,737;
          1995 - 5,582,449                        41,625         41,619
        Accumulated deficit                      (20,194)       (19,328)
        Total stockholders' equity                21,431         22,291
        TOTAL                                        $36,241        $37,306

        The above statements about Fresh Choice's
        future plans are forward-looking statements within the meaning of
        the Private Securities Litigation Reform Act of 1995, and are
        subject to numerous risks and uncertainties.

            Among these risks and uncertainties are the ability to implement
        and the effectiveness of the previously announced restructuring
        plan; the ability of Fresh Choice to obtain funds to pursue its
        future plans; future profitability; customer receptiveness to new
        products and the new prototype restaurant; competitive pressures in
        the food-service marketplace; the changing tastes of consumers; the
        effect of general economic conditions; and the ability to secure and
        retain services of experienced personnel.

            Additional risks and uncertainties may be included in Fresh
        Choices's most recent annual report on Form 10-K and quarterly
        reports on Form 10-Q on file with the Securities and Exchange

        CONTACT: Fresh Choice Inc.
                 Charles A. Lynch, 408/986-8661


            HERSHEY, Pa., April 29, 1996 - href="chap11.nssi.html">Nuclear Support Services,
(Nasdaq: NSSI) announced that the U.S. Bankruptcy Court
for the
        Middle District of Pennsylvania, on April 24, 1996, confirmed the
        Company's Reorganization Plan to exit bankruptcy subject to closing
        of a new credit facility by June 30, 1996.  The Reorganization Plan
        includes payment of creditors in full and was overwhelmingly
        approved by those eligible to vote on the Plan.

            The Company has executed a commitment letter with the Bank of
        New York for a five year, $14.9 million credit facility consisting
        of a $3.9 million term loan and an $11 million working capital
        revolving credit line.  Closing of this facility is subject to
        certain requirements which the Company expects to meet in a timely

            On a related note, at a special meeting held on March 29, 1996,
        the shareholders of NSSI approved a proposal to merge NSSI into a
        newly created Delaware corporation, Canisco Resources, Inc.  A date
        has not been set for this merger.

            Ralph A. Trallo, NSSI President, stated, "We have made
        substantial progress in a very short time.  The approval of our Plan
        by creditors and shareholders is indicative of their support of the
        direction in which the Company is heading.  Management has worked
        with the Bank of New York to structure a credit facility which will
        enable us to fulfill the requirements of our Reorganization Plan and
        provide the ability to resume a growth mode.  We expect to close on
        the BNY facility in a timely fashion."

        CONTACT:  Ralph A. Trallo, President of Nuclear Support Services,


            BAY SAINT LOUIS, Miss., April 29 /PRNewswire/ - Casino Magic
        Corp. (Nasdaq: CMAG), today announced an important second step
        towards obtaining a Louisiana gaming license.  Crescent City Capital
        Development Corp. ("Crescent City"), a wholly owned subsidiary of
        Capital Gaming International, Inc.
(OTC: GDFI), received Bankruptcy
        Court approval to transfer ownership and its gaming license to
        Casino Magic as a part of Crescent City's Amended Plan of
        Reorganization.  On March 26, 1996, Casino Magic received Louisiana
        Riverboat Gaming Commission approval for the transfer of ownership
        of Crescent City, and the relocation of its gaming license to
        Bossier City, Louisiana.

            This transaction is valued at $56.5 million, of which, $15
        million is payable in cash and the remaining balance in debt,
        including up to $6.5 million in gaming equipment liability.

            Casino Magic, through a wholly owned subsidiary, intends to
        operate a new casino in Bossier City, Louisiana.  Casino Magic owns
        20 acres of land in Bossier City on the Red River with immediate
        access from Interstate 20, a major artery between the Dallas-Ft.
        Worth area and Bossier City.

            The final step in consummating this transaction is expected
        tomorrow, April 30, 1996 at a hearing for approval by the Riverboat
        Gaming Enforcement Division of the Louisiana State Police.

            Casino Magic Corp., a Minnesota corporation with principal
        offices in Bay Saint Louis, Miss., operates gaming casinos in Bay
        Saint Louis and Biloxi, Miss., Deadwood, S.D., Neuquen City and San
        Martin de los Andes, Argentina, and Porto Carras and Xanthi, Greece.

        CONTACT:  Jay S. Osman, Chief Financial Officer, Casino Magic
        Corp., 601-466-8010, or email,        


            BATON ROUGE, La., April 29, 1996 - The trustee in the
        Cajun Electric Power Cooperative
bankruptcy, representatives of the
        Rural Utilities Service (RUS) and Entergy Gulf States (formerly Gulf
        States Utilities, Inc.) have agreed to terms for a settlement of the
        River Bend issues in Cajun's bankruptcy case, it was announced today
        by the trustee and Entergy Gulf States.

            The settlement, which would be advanced independently of the
        reorganization plans proposed in the Cajun bankruptcy, is subject to
        further approvals within the United States Government, the Board of
        Directors of Entergy Corporation, the Federal Court hearing the case
        and appropriate regulatory agencies.  The trustee will submit the
        proposal for approval to Judge Frank J. Polozola who has presided
        over much of the litigation to be settled.

            The three parties described their proposal as an equitable
        solution to the River Bend aspects of the Cajun case.

            "This settlement reflects a balanced approach to resolving these
        complex issues," said Trustee Ralph R. Mabey.  "It is a solution
        that represents a true compromise which fairly treats each party."

            Under its key provisions, the settlement gives the RUS several
        options for disposing of Cajun's 30 percent ownership of the River
        Bend nuclear unit.  It commits Cajun to fund its full share of the
        estimated decommissioning obligation for River Bend by setting aside
        the sum of $125 million in a decommissioning trust fund, regardless
        of the option the RUS chooses.  It also provides for the release and
        forgiveness of substantial claims and potential claims by Entergy
        Gulf States against Cajun.

            Under the options provided in the settlement, the RUS may seek a
        buyer of Cajun's 30 percent interest River Bend, take title to
        Cajun's interest in its own name, or forego both of these options
        and relinquish Cajun's interest at no cost to Entergy Gulf States,
        which owns the other 70 percent.  Under all of these options, Cajun
        will be released from its unpaid past, present and future liability
        for River Bend costs and expenses.

            Another provision of the settlement allows Entergy Gulf States
        to recover all funds previously paid and to be paid by it into the
        registry of the Court at the time the settlement transaction becomes
        final. These funds have been accumulating from payments made by
        Entergy Gulf States, under a preliminary injunction entered by the
        Court, for its share of operations and maintenance expenses
        associated with its 42 percent share of the Big Cajun 2 Unit 3 coal-
        fired generating facilities, of which Cajun is the majority owner
        and operator.

            Other provisions of the settlement involve the mutual release
        and forgiveness of several hundred million dollars of claims among
        the parties.  All litigation between Cajun and Entergy Gulf States
        would be dismissed and released, and a small portion of Cajun's
        transmission assets would be transferred to Entergy Gulf States.
        Entergy Gulf States would also release its claims against the RUS.

            Without waiving its claims against Cajun, the RUS would release
        its lien on the River Bend unit, which partially secures Cajun's
        debt to the RUS.

            "Entergy Gulf States has accepted this settlement because it is
        comprehensive in nature and offers the most reasonable compromise
        amid the circumstances of the Cajun bankruptcy proceeding," said
        Michael G. Thompson, Entergy's senior vice president and general
        counsel.  "We are hopeful that the Bankruptcy Court will accept the
        settlement and allow it to take effect."

            Speaking for the RUS, Program Advisor Larry A. Belluzzo said,
        "The settlement will allow the RUS to maximize the value of Cajun's
        interest in River Bend and end the years of litigation over the
        construction and operation of the River Bend plant."

            The settlement stipulates the transactions contemplated by the
        parties must be completed by June 1, 1997, unless regulatory
        approvals are pending at the time, in which case the trustee would
        ask the Court to extend the deadline.

        CONTACT:  Ralph R. Mabey, Trustee, 801-320-6700, or 504-291-3060;
        Clark T. Colvin, Cajun Electric Power, 504-291-3060; Cyril Guerrera,
        Entergy Gulf States, 504-576-4238; Larry A. Belluzzo, Program
        Advisor,202-720-1265, or James G. Bruen, Civil Division, Department of
        Justice, 202-307-0493, both of Rural Utilities Service