TCR_Public/980204.MBX    T R O U B L E D   C O M P A N Y   R E P O R T E R
      
      Wednesday, February 4, 1998, Vol. 2, No. 24                      
                    
                       Headlines

APS HOLDING: Appoints Bettina Whyte CEO
ARROW TRANSPORTATION: Hearing on Hiring Accountant
BN1 TELECOMMUNICATIONS: Judge Approves Compromise
BIG RIVERS: Can Pacificorp Amend its Proof of Claim?
BRUNO'S: Files for Bankruptcy Protection

CINCINNATI MICROWAVE: Founder May Recoup Expenses
COLOR TILE: Committee Applies to Retain Special Counsel
COMPUSPEAK: Goes From Darling to Big-Time Debtor
DAEWOO GROUP: Talking Partnership With GM
DECORATIVE HOME: Seeks More Time to Assume or Reject Leases

DOEHLER-JARVIS, INC.: Has Re-tooled GM Agreement
DOEHLER-JARVIS: Seeks Approval of Reclamation Claim Program
DOW CORNING: Breast Implant Appeal Refused in La.
GROSSMAN'S INC.: Seeks Vendor Settlements
GULF RESOURCES: Trustee Applies to Retain Consultant

HARRAH'S: Former Governor Becomes Paid Ally
MAIDENFORM WORLDWIDE: Seeks to Modify Bargaining Agreement
MAIDENFORM: Seeks to Reject Software and Equipment Leases
PHOENIX INFORMATION: Equity Adds More Fuel to Its Support
PHOENIX INFORMATION: Seeks Time to Assume or Reject Leases

POCKET: Committee Opposes NatTel's Request for Relief
Q-ENTERTAINMENT: Seeks Transfer of Venue of Q-West LLC
SILAS CREEK RETAIL: Seeks Bridge Order on Leases
SOUTHEAST BANK: Trustee Reached $150 Million Settlement
VENTURE: Creditors' Meeting Set

VENTURE: Committee of Creditors
VENTURE: Key Employee Retention & Severance Plan
WESTERN FIDELITY FUNDING: Disclosure Statement Inadequate
WESTERN PACIFIC: Rumors of Shutdown
WESTERN PACIFIC: Is Smith Asking for More Control?
WESTMORELAND COAL: UMWA Pact will not Affect Plan

                 *********

APS HOLDING: Appoints Bettina Whyte CEO
---------------------------------------
APS Holding Corporation announced that the company received
interim approval to the $100 million DIP financing that the
company has arranged with The Chase Manhattan Bank, as
agent.  APS has immediate access for up to $45 million. A
final hearing is scheduled for February 20, 1998. The Wall
Street Journal reports on February 3, 1998 that APS listed
$560 million in assets and $471 million in liabilities. In
its fiscal nine months ended Oct. 25, APS posted a loss of
$15.9 million on revenue of $633.7 million.

The company also announced that its Board of Directors will
appoint Bettina M. Whyte, a principal with Jay Alix &
Associates as Chief Executive Officer of APS.  The company
has retained Willkie, Farr & Gallagher of New York City to
act as bankruptcy counsel.


ARROW TRANSPORTATION: Hearing on Hiring Accountant
--------------------------------------------------
A hearing is set for February 5, 1998 to consider the
application of the debtor, Arrow Transportation Co. of
Delaware to employ accountant Gabriel J. Markiz.  The
debtor wants to hire Markiz to investigate and pursue a
potential claim for refund from the IRS and to prepare
federal and state tax returns.  Arrow agreed to pay Markiz
a $5,000 retainer and an hourly rate of $175.


BN1 TELECOMMUNICATIONS: Judge Approves Compromise
-------------------------------------------------
Judge Marilyn Shea-Stonum entered an order approving the
compromise of the adversary proceeding entitled BN1
Telecommunications, Inc. v. United Services Telephone, LLC.

UST claimed damages through November 1997 of $750,000 and
the invoices for services provided by BN1 to UST for the
month of November 1997 and December 1997 are in the amount
of $656,089.64 and $844,698.39 respectively.

BN1 agrees to accept payments totaling $850,000, and the
Service Agreement would be canceled.


BIG RIVERS: Can Pacificorp Amend its Proof of Claim?
----------------------------------------------------
Pacificorp Power Marketing, Inc. filed an amendment to its
allowed proof of claim. Big Rivers Electric Corporation,
debtor objected to the amendment stating that it is
untimely and that no additional money is owed.  

PPM argues that the amendment should be allowed.  PPM
states that it expressly reserved the right to amend the
claim in the original claim, that the equities point to
allowing the amendment and that there is  a nexus between
the original and amended claims.


BRUNO'S: Files for Bankruptcy Protection
---------------------------------------------
The Wall Street Journal reports on February 3, 1998 that
supermarket chain Bruno's Inc., which operates stores in
the Southeast under names such as Bruno's, Food-Fair and
Food World, filed in U.S. Bankruptcy Court in Delaware.
Bruno's attempted to convert their stores from an "everyday
low price" format to a frequent shopper program. This
change pulled down sales by more than 10%.

Leveraged buyout firm Kohlberg Kravis Roberts & Co.,
Bruno's majority owner, intends to write off its entire
$250 million investment. KKK bought the company in May 1995
for about $930 million, including $250 million of equity.
More than half of Bruno's $400 million in below-investment-
grade debt is owned by W.R. Huff, a little-known New Jersey
junk-bond money manager for pension funds.

Last week, KKK and its bankers tried to make a deal that
reversed an agreement signed just two months ago. At that
time, Bruno's agreed to secure its $550 million bank debt
in exchange for a share in the proceeds of the $88 million
sale of the company's Seessel's chain. However, this
agreement could have made the bankruptcy filing difficult.


CINCINNATI MICROWAVE: Founder May Recoup Expenses
-------------------------------------------------
The Cincinnati Post reported on 1/31/98 that the founder of
bankrupt Cincinnati Microwave Inc. may get some cash out of
the failed company's bankruptcy case.

An agreement has been negotiated with James J. Jaeger, who
established, and at one time headed, the once-prosperous
maker of radar detectors and cordless telephones, attorneys
for the company said in U.S. Bankruptcy Court Friday.
Jaeger had filed an unsecured claim for $1,564,087 in the
bankruptcy case, seeking compensation for payments he made
to help settle a class-action lawsuit against the company
by shareholders. Microwave objected to the claim and a
hearing before Judge Burton Perlman was scheduled for
Friday.

Negotiations have produced an agreement allowing Jaeger to
submit an unsecured claim for $44,000, said Doug Tripp, an
attorney for Microwave.  "It's mainly to cover his out-of-
pocket legal expenses," Tripp said.

Almost a decade of financial losses, brought on by soft
markets, production problems and unprofitable distribution
channels, forced Microwave to file Chapter 11 in February
1997.


COLOR TILE: Committee Applies to Retain Special Counsel
-------------------------------------------------------
The Official Committee of Unsecured Creditors of Color
Tile, Inc. et al. filed an application authorizing
retention and employment of Bifferato, Bifferato &
Gentilotti as Special Counsel.

In February 1996, the Committee retained Neal, Gerber &
Eisenberg and Richards, Layton & Finger as co-counsel.  In
December of 1997 Neal, Gerber withdrew and Bell, Boyd &
Lloyd substituted in as counsel.  Also in December 1997 the
Committee retained Jenkens & Gilchrist as special
preference counsel and in January 1998 the Committee
retained Winstead, Sechrest & Minick PC as special counsel.  

In analyzing the several thousand entities to which
potential preferential transfers were made, Richards,
Layton & Finger could not represent the Committee with
respect to the preference actions due to conflicts.  Young,
Conaway was also conflicted out and although Bell, Boyd;
Jenkins & Gilchirst and Winstead, Sechrest are allowed to
act without local counsel, the Committee requests
Bifferato, Bifferato & Gentilotti to act as local counsel
with respect to certain preference actions.

The Committee believes that the additional assistance from
the firm will streamline the pursuit of the preference
claims.


COMPUSPEAK: Goes From Darling to Big-Time Debtor
------------------------------------------------
The Kansas City Business Journal reported on 1/23/98 that                   
Compuspeak Inc, founded with $5,000 in 1986 by Dennis
Simmons, an electrical engineer who had devised ways for
computers to recognize speech, was once Entrepreneur of the
Year in a program sponsored by Ernst & Young and the Kansas
City Business Journal.

The company two years earlier was a finalist for the Small
Business of the Year award sponsored by the Greater Kansas
City Chamber of Commerce.  The company's potential was such
that Kansas City Equity Partners, a venture capital firm
formed by the late Paul Henson, former chairman of Sprint
Corp., invested more than $2 million in Compuspeak a couple
of years ago.

At one time, Compuspeak boasted that its voice recognition
and digital imaging products were in use in 3,500 hospitals
in the United States.  One of its products, developed in
conjunction with a Japanese company, enabled physicians to
insert a probe in the body and project the resulting
images on a computer. Another allowed physicians to speak
into a voice-activated computer that prompted them with
spoken questions and recorded their spoken answers.

In its Chapter 11 filing, Compuspeak listed assets of $2.5
million and liabilities of $7.4 million, including $4.7
million in unsecured debt. The company's biggest creditors
include UMB Bank, which is owed more than $2 million.
Compuspeak's filing said it has annual sales of more than
$2.3 million.


DAEWOO GROUP: Talking Partnership With GM
-----------------------------------------
The Agence France-Presse reported on 2/03/98 that General
Motors said that it has reached an agreement with South
Korea's Daewoo Group to hold exclusive talks
on establishing some sort of partnership.

"This agreement represents a commitment by both companies
to engage in intensive discussions to explore various
options in a wide range of areas, both domestically and
abroad," said Alan Perriton, president of GM's South Korean
operations.

GM also announced an arrangement, effective immediately,
with Daewoo Motors Company (DWMC), to provide service for
GM vehicles sold in South Korea. That accord follows a
decision at the end of January by South Korea's Inchcape to
terminate its service agreement with GM.

Analysts said GM would consider making an investment in
Daewoo only if it succeeds in securing a controlling
interest of more than 20 percent in the debt-
laden conglomerate.  South Korean law currently prohibits
majority ownership of domestic  companies by a foreign
firm.

It was rumored that $5 billion is the amount that GM is
willing to pay for some sort of partnership with Daewoo.
An investment in Daewoo would be expected to give GM easier
access to markets not only in South Korea but also in
China, India, Indonesia, the Philippines, as well as in
eastern Europe and Uzbekistan, where Daewoo now
builds or sells vehicles.

   
DECORATIVE HOME: Seeks More Time to Assume or Reject Leases
-----------------------------------------------------------
Decorative Home Accents, Inc., et al., debtors, are seeking
an extension from February 9, 1998 to April 30, 1998 as the
date on which the debtors must assume or reject eleven of
their nonresidential real property leases.

Pending confirmation of a Plan that the debtors have
already filed, the debtors are seeking to operate their
businesses in the ordinary course and with one exception,
the debtors expect to continue to operate at each of the
facilities.


DOEHLER-JARVIS, INC.: Has Re-tooled GM Agreement
------------------------------------------------
Doehler-Jarvis Toledo, Inc., a subsidiary of Doehler-
Jarvis, Inc., is seeking the approval of an agreement with
General Motors and an addendum to such agreement related to
the termination of Toledo's prototype PV6 engine block
program. Failing to find a buyer for its operations, Toledo
has begun to develop a comprehensive wind-down plan to
cease operations and maximize the value and return on
Toledo's assets.

GM and Toledo have mutually agreed to terminate the
outstanding purchase order and issue a new purchase order
for 8,000 prototype engine blocks with an option of 2,000
additional prototypes. The new purchase price will be
$353.65 per engine block. The agreement also disposes of
$2.65 million of equipment that Toledo will no longer need
once GM resources the PV6 program to alternate suppliers.


DOEHLER-JARVIS: Seeks Approval of Reclamation Claim Program
-----------------------------------------------------------
To date, the debtors, Doehler-Jarvis, Inc. and its
affiliated companies received demands from approximately
180 vendors asserting a right of reclamation.  The total
invoice cost of the goods covered by the Reclamation Claims
exceeds $9 million.

The Reclamation Schedule that the debtor proposes
calculates the amount of all Allowed Reclamation Claims to
be approximately $2.1 million.  The debtors' proposed
program treats allowed reclamation claims as administrative
expense priority claims under the debtors' plan of
reorganization. Disputed reclamation claims will be
afforded hearing dates.  With this program, the debtors
claim that adversary proceedings with respect to the claims
will be held at a minimum.


DOW CORNING: Breast Implant Appeal Refused in La.
-------------------------------------------------                      
The 1,800 women who wanted to be included as plaintiffs
in a class-action breast implant trial against Dow Chemical
Co. were turned down by a state appeals court.  The 4th
Circuit Court of Appeals, in a one-sentence order signed
Friday and made public Monday, refused to consider Judge
Yada Magee's decision removing them from the trial.
The ruling means the eight women who originally sued will
represent only themselves in claims that Dow Chemical was
at fault for aches, pains, fatigue and other ailments they
blame on their implants.

Lawyers for the 1,800 said they will appeal to the state
Supreme Court.  In a separate aspect of the case, Dow
Chemical has appealed a jury's decision that the company
was negligent in testing silicone for breast implants. That
appeal includes Magee's ruling that the negligence finding
does apply to all 1,800 women, so they will not have to
argue that question again in court.


GREATE BAY: Seeks Employment of Professionals
---------------------------------------------
Greate Bay Hotel and Casino, Inc. has applied for
authorization to hire Archer & Greiner as special labor
counsel nunc pro tunc to January 5, 1998. Since 1990,
Archer & Greiner has provided legal services to the Debtor
concerning labor relations, litigation and arbitration.
GBHC owns the Sands Hotel & Casino in Atlantic City, NJ.


GROSSMAN'S: Seeks Vendor Settlements
------------------------------------
Grossman's Inc. is seeking approval of settlements with
four vendors, which will resolve $7.5 million in claims
against the Debtor. These vendors are Royal Cabinets,
Schroch Cabinet Co., Georgia-Pacific and JELD-WEN.


GULF RESOURCES: Trustee Applies to Retain Consultant
----------------------------------------------------
The Trustee in the case of Gulf Resources Corporation,
Mustang Oil & Gas Corporation, debtors, is seeking
authority to retain Dennis Shea, previous Vice President of
Finance to aid in the remaining business operations, the
liquidation of assets and the winding down of the business
operations.  Shea has agreed to remain on staff as a
consultant for four months at a salary of $2500 per month.


HARRAH'S: Former Governor Becomes Paid Ally
--------------------------------------------             
The Advocate Baton Rouge LA reported on 1/28/98
that the troubled land casino project paid former
Republican Gov. Dave Treen to encourage legislators to vote
for the casino contract.  Treen sent a three-page letter to
every state legislator urging them to ratify the revised
Harrah's Jazz Co. casino operating contract, which will be
considered in a special legislative session in late March.

Treen states in the letter that a committee representing
the casino's bondholders in U.S. Bankruptcy Court asked him
to "assist" in gaining the Legislature's acceptance of the
contract.  While the letter does not indicate that Treen is
being paid for his efforts, the former governor
acknowledged that he entered into a "compensated
arrangement" with the bondholders committee.

Bankruptcy Court documents indicate Treen, who is a lawyer,
was hired as a "government relations consultant." The
bondholders committee selected Treen because of his "long
experience in governmental relations matters."
U.S. Bankruptcy Judge Thomas Brahney III approved Treen's
hiring Dec. 30. Under the revised casino contract,
bondholders would receive $187 million and slightly more
than 50 percent equity ownership in the casino. Unsecured
creditors who are owed more than $50 million would be paid
in full.


MAIDENFORM WORLDWIDE: Seeks to Modify Bargaining Agreement
----------------------------------------------------------
Maidenform Worldwide is asking the Court to agree to a
modification of its master collective bargaining agreement,
dated October 1, 1996 with the Union of Needletrades,
Industrial and Textile Employees, AFL-CIO, CLC. The Debtors
also wish to modify several supplemental agreements.

A Modification Agreement negotiated with the union
anticipates a one-time cost to the Debtors of $3.5 million.
Without such an agreement, the Debtors claim that they
would have to reject prepetition bargaining agreements.
Under federal law, this would entitle union members to
strike the Debtors. Any strike, they assert, would be
disastrous for their rehabilitation efforts.


MAIDENFORM: Seeks to Reject Software and Equipment Leases
---------------------------------------------------------
Maidenform Worldwide, Inc. seeks approval of a motion to
reject certain unexpired computer software and equipment
leases. The software lessor, LaSalle National Leasing
Corporation, requires a monthly rental payment of $54,806
and has a term of twelve months remaining. The computer
equipment lessor, Concord Commercial, requires a monthly
rental payment of $12,900 and has eight months remaining.

The Debtor asserts that the current software and equipment
related to these leases is not beneficial to their
continuing operation, and is evaluating systems that are
more appropriate for the needs of the current management
team.


PHOENIX INFORMATION: Equity Adds More Fuel to Its Support
---------------------------------------------------------
The Official Committee of Equity Security Holders, has
added to its supplemental memorandum in support the
debtor's motion requesting an order authorizing the debtor
to reject the Articles of Association for American
Aviation, Ltd., as an executory contract; or for
determination that the anti-alienation provision contained
in the Articles of Association are invalid.

The Committee maintains that the debtor is in the position
of a judgment lien creditor with respect to the debtor's
stock in American Aviation.  Consequently it is authorized
to take such actions with respect to that stock as it would
be entitled to do if it were executing on a judgment under
applicable state law.  Since Florida law is applicable, the
debtor would be entitled to execute upon the stock to
collect on a judgment, notwithstanding the restrictions on
voluntary transfers set forth in the Articles of
Association.


PHOENIX INFORMATION: Seeks Time to Assume or Reject Leases
----------------------------------------------------------
The debtors, Phoenix Information Systems Corp., et al.,
submitted a motion for an order extending the debtors' time
to assume or reject two unexpired leases of nonresidential
real property.

The debtors are seeking an extension through and including
May 4, 1998, approximately 90 days.

The debtors are awaiting the court's decision on their
motion to sell substantially all of their assets to S-C
Phoenix Partners. If the sale is approved and closes, the
debtors will assume one lease and reject the other.


POCKET: Committee Opposes NatTel's Request for Relief
-----------------------------------------------------
The Committee of Unsecured Creditors of Pocket
Communication, Inc. opposes the Emergency Motion of
National Telecom PCS, Inc. for Partial Relief from the
Automatic Stay. NatTel is seeking this relief to enable it
to pursue pre-judgement attachments against the Debtors'
FCC licenses. The Debtor claims NatTel is not entitled to
relief set forth in the Bankruptcy Code because, according
to the Committee, NatTel holds no legally recognizable
claim in any property interest of the Debtor, including the
disputed licenses.


Q-ENTERTAINMENT: Seeks Transfer of Venue of Q-West LLC
------------------------------------------------------
Scott M. Seidel, Chapter 7 Trustee, is requesting transfer
of the venue of the bankruptcy proceedings of Q-West LLC
from the Northern District of California, Oakland Division,
to the Northern District of Texas, Dallas Division. The
parties assert this transfer will aid in the consolidation
of the case and eliminate confusion concerning the Debtors'
estates. A hearing has been set on this motion on February
6, 1998 in Dallas.


SILAS CREEK RETAIL: Seeks Bridge Order on Leases
------------------------------------------------
Silas Creek Retail, Inc. is seeking an extension of 60 days
to April 7, 1998 to determine whether it should accept
assignment of certain non-residential real property leases
that are subject to the Interim Sublease Agreement.


SOUTHEAST BANK: Trustee Reached $150 Million Settlement
-------------------------------------------------------
The So Florida Business Journal reported on 1/30/98 that
Southeast Bank's bankruptcy trustee reached a $150 million
settlement agreement with the Federal Deposit Insurance
Corp. The trustee will name a successor to take over $125
million the FDIC has controlled since federal regulators
seized Southeast. The FDIC also will relinquish its claim
to an $18 million tax refund and a surplus of $5 million to
$10 million in Southeast's pension plan. The deal also
frees more than $25 million in other cash the FDIC
placed in a reserve account.


VENTURE: Creditors' Meeting Set
-------------------------------
The United States Trustee for Region III has called for a
meeting of the Debtor's Creditors to be held on March 6,
1998 at 1:30 p.m. in Room 2313 of the U.S. Courthouse at
844 King Street in Wilmington.  All creditors are invited,
but not required, to attend.  This Official Meeting of
Creditors offers the one opportunity in a bankruptcy
proceeding to question a responsible office of the Debtor
under oath.


VENTURE: Committee of Creditors
-------------------------------
A single committee of creditors will be appointed
in the Debtor's chapter 11 case.  That committee will be
comprised of the following creditors:

           American Greetings Corp.
           Bank One Trust Co., as Indenture Trustee
           Handleman Company
           Procter & Gamble Distributing
           Sara Lee Corp.
           Springs Industries, Inc.
           State Street Bank & Trust, as Indenture Trustee


VENTURE: Key Employee Retention & Severance Plan
------------------------------------------------
The Debtor tells the Court that it has identified 87 Key
Employees in its corporate structure, excluding its Chief
Executive Officer, employed as senior and mid-level
managers.  By this Motion, the Debtor asks the Court
for its authority to implement a Key Employee Retention and
Severance Program to provide incentives to these 87 Key
Employees to maintain their employment and work toward a
successful reorganization of the Debtor's
estate.

The Retention Program proposes to pay -- in the Debtor's
sole discretion, and subject to the sole decision of the
CEO -- bonuses totaling up to $3,371,650 to Key Employees
who remain employed at Confirmation, or whose employment is
terminated without cause prior to Confirmation.  

The Severance Program proposes to pay -- in the Debtor's
sole discretion and subject to the sole decision of the CEO
-- severance payments totaling up to $1,894,535 to Key
Employees whose employment is involuntarily
terminated without cause.


WESTERN FIDELITY FUNDING: Disclosure Statement Inadequate
---------------------------------------------------------
Judge Roland J. Brumbaugh entered an order on January 28,
1998 affirming the objection of the U.S. Trustee that the
debtor's disclosure statement is inadequate and further
ordering that the debtor shall file an amended disclosure
statement no later than February 17, 1998 or the case will
be dismissed.


WESTERN PACIFIC: Rumors of Shutdown
------------------------------------
Western Pacific Airlines may be forced to shutdown
after its chief lender cut off most of the funding that
kept the regional carrier in business.  Smith Management, a
New York investment firm, said it was limiting its
credit to Western Pacific because of the "materially
adverse change" in the airline's financial position.

During a bankruptcy court hearing Monday, Smith said the
airline's bookings have not met projections, and that gave
Smith the right to curtail funding under its financing
agreement approved by the bankruptcy court in December.
Smith lawyer David Brennan said the airline had forecast
needing $30 million through the end of March. Yet recent
budget projections convinced Smith the airline would have
exhausted that amount by the end of January had it been
made available.

Western Pacific president Robert Peiser said Smith's action
endangers the airline's future, because it has cash enough
only to operate this week. He said revenues for January
were $2 million to $3 million below earlier forecasts, but
bookings had picked up in recent weeks.  A hearing is
scheduled today before U.S. Bankruptcy Judge Sidney Brooks
to consider the airline's financial status and a request by
the carrier's creditors committee for a trustee to be
appointed.

Jim Markus, lawyer for the creditors committee, said
Western Pacific management and Smith were deadlocked and
needed a trustee to protect creditors interests.
The airline continued to fly Monday night, but a rival
discount airline, Frontier, confirmed it was in talks with
Smith Management to acquire pieces of Western Pacific.

Western Pacific ended plans this fall to merge with
Frontier Airlines, and Frontier's president Sam Addoms said
his carrier has offered to acquire up to four of Western
Pacific's 18 planes as well as accept the tickets of as
many booked Western Pacific passengers as Frontier can
accommodate.  Frontier also said it would hire up to 175 of
Western Pacific's 1,500 workers if it is successful in the
bid. Frontier has about 900 employees now.


WESTERN PACIFIC: Is Smith Asking for More Control?
--------------------------------------------------
The Denver Post reported on January 31, 1998 that
a representative of the debtor's creditors' committee said
that Smith Management Co. may be asking for unwarranted
control as a condition for making the final $7 million
portion of the loan.

Smith Management Co. already has funneled about $23 million
to WestPac. In earlier statements, Smith officials said
they planned to first make the $30 million loan and then
follow with another $10 million to $20 million in equity
financing as part of their effort to take over the carrier.

If Smith balks at fully backing WestPac, it could hinder
the airline's financial recovery.  "The creditors committee
does not believe that Smith has an adequate basis
to refuse to continue funding (WestPac) in accordance with
the loan documents," said Jim Markus, chief attorney for
the WestPac creditors committee. "The committee will
explore all options available to compel Smith to fund or it
may seek appropriate damages."

If Smith believes it may be in the process of losing its
investment in WestPac, one option for the firm would be to
strike a deal with Frontier and its backers so that WestPac
and Frontier don't compete in Denver for the low-
fare market niche. Most aviation industry analysts say
Denver cannot support two low-fare airlines.

Both WestPac and Frontier have been losing money for more
than a year. WestPac lost about $62 million through the
first nine months of 1997. Losses continued in the fourth
quarter; the company reported an $8.4 million net loss
last month. Frontier hasn't reported a profit since the
April-June quarter of 1996.


WESTMORELAND COAL: UMWA Pact will not Affect Plan
-------------------------------------------------
The Wall Street Journal reports on February 3, 1998 that
Westmoreland Coal Co. will file its reorganization plan in
the absence of an agreement with the United Mine Workers of
America on pension and benefit funds. The Debtor said it
expects the UMWA to file a competing plan.


                 -----------

A listing of meetings, conferences and seminars appears
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