TCR_Public/980313.MBX T R O U B L E D   C O M P A N Y   R E P O R T E R
      
     Friday, March 13, 1998, Vol. 2, No. 50                
                    
                   Headlines

2CONNECT: Order Approves Attorney for Creditor Committee
AL TECH: Order Entered Fixing Bar Date
AMES: Reports Fourth-Quarter, Annual Profit
BENNETT FUNDING: Trustee to Sue Investors
BRUNO'S: Committee Applies to Employ Coopers & Lybrand

EXCALIBUR FINANCIAL: Answers Bank's Objection to Counsel
GULF RESOURCES: Lenders' Objection to Petroleum Geologist
GULF RESOURCES: Trustee Applies to Employ Ryder Scott
GUY F. ATKINSON: Court Approves Responsible Officer
HANBO STEEL: Final Debt Totaled $5.2 Billion

HOME HOLDINGS: Amended Disclosure Statement
HOUSE OF FABRICS: Tender Offer for Common Stock Expired
LYKES BROS: Looking for Full Recovery
MARVEL: Toy Biz Announces Settlement with Creditors
MOSSIMO INC: Brincko to Stabilize Management

POCKET COMMUNICATIONS: Seeks Exclusivity Extension
RDM SPORTS: Order Approving Employment of Counsel
REEVES INDUSTRIES: Reports Confirmation of plan
TOSHOKU AMERICA: Responds to Motion Appointing Kahn
US ONE COMMUNICATIONS: First Amended Disclosure Statement
WESTERN PACIFIC: Airline Can Keep Control of Planes

DLS CAPITAL PARTNERS: Bond Pricing for Week of March 9

                  *********

2CONNECT: Order Approves Attorney for Creditor Committee
--------------------------------------------------------
The Creditors' Committee in the case of 2Connect Express,
Inc. applied for employment of the law firm of Bakst, Cloyd
& Bakst, PA.  The court authorized the employment in the
Southern District of Florida on March 5, 1998.


AL TECH: Order Entered Fixing Bar Date
--------------------------------------
The court has entered an order establishing April 20, 1998
as the general claims bar date in the Chapter 11 case of Al
Tech Specialty Steel Corporation.


AMES: Reports Fourth-Quarter, Annual Profit
-------------------------------------------                   
Ames Department Stores, Inc. announced substantially
improved net income of $34.5 million, or $1.46 per diluted
share, for the fiscal year ended January 31, 1998
(fiscal 1997), compared with net income of $17.3 million,
or $0.79 per diluted share, for the prior fiscal year
(fiscal 1996).  Income before other charges and gains for
the fiscal 1997 year was $54.6 million, compared with $33.3
million in the prior fiscal year, a $21.3 million
improvement.

Net sales for the 53-week fiscal year ended January 31,
1998, were $2.233 billion, compared with $2.162 billion in
the 52-week fiscal year ended January 25, 1997, an increase
of 3.3 percent. Since fiscal 1997 was a 53-week fiscal
year, sales for the company benefited from one additional
week, which was reflected in January and fourth-quarter
sales results.  If fiscal 1997 had been a 52-week year, net
sales would have resulted in an increase of 1.9 percent for
the 52-week period.  Comparable-store sales for the 52
weeks ended January 24, 1998 were $1.997 billion, compared
with $1.956 billion last year, an increase of 2.1 percent.  
Comparable-store sales were based on 273 stores.

Net sales for fiscal 1997 were based on a year-end total of
298 stores, while net sales for fiscal 1996 were based on
303 stores in operation at the end of the fiscal year.
Fourth-quarter net income for fiscal 1997 was $29.6
million, or $1.23 per diluted share, compared with last
year's fourth-quarter net income of $19.4 million, or $0.87
per diluted share.  Net sales for the 14 weeks ended
January 31, 1998, were $769.4 million, compared with $707.0
million for the 13 weeks ended January 25, 1997, an
increase of 8.8 percent. Comparable-store sales for the 13
weeks ended January 24, 1998, increased 4.7 percent.

    Joseph R. Ettore, Ames' President and Chief Executive
Officer, said, "Five to ten new stores are planned for
fiscal 1998.  On March 19, Ames will open its first new
store of 1998 in Bradford, Pa.  To date this year,
subsequent grand openings have been planned on April 23, in
Cape May, N.J., on May 14, in Saratoga Springs, N.Y., and
on September 24, in Johnstown, Pa.


BENNETT FUNDING: Trustee to Sue Investors
-----------------------------------------                    
After trying for months to avoid legal action against
investors in the Bennett Funding Group, the trustee for the
bankrupt company will have to begin filing lawsuits seeking
the return of millions of dollars.

Attorneys for Trustee Richard C. Breeden will shortly begin
filing 9,000 lawsuits against investors in the Bennett
Funding Group and related companies. The suits will seek
the return of $105 million in payments made to investors in
the 90 days prior to the date the Bennett companies sought
bankruptcy court protection from their creditors.

Breeden had asked the bankruptcy court to allow him to skip
seeking the return of those payments. His lawyers argued
that it would cost the companies more than $1 million to
file the suits, and that the money recovered would be
minimal and would go back to the investors anyway.

But U.S. Chief Bankruptcy Court Judge Stephen D. Gerling
denied the request on Friday. He ruled that Breeden failed
to prove the payments were of little value to the
companies. The estate can use the money to pay off
creditors, Gerling wrote.

Dan Stolz, the lawyer for the unsecured creditors'
committee, said he was extremely disappointed with the
judge's ruling.  "We felt this was just adding insult to
injury," Stolz said. Many of the investors are elderly and
had invested their retirement incomes in Bennett office
equipment leases. The finance companies promised a good
return on what they said was a tax-free investment.

Suing creditors already hurt by the bankruptcy wasn't
something Breeden wanted to do, said Mike Sigal, the
trustee's lawyer.  Breeden had already sued banks for the
return of payments the Bennett companies made on loans
prior to the bankruptcy filing. The banks argued that
they, too, were investors and therefore the court should
order Breeden to drop the lawsuits against them seeking
repayments. The judge also denied the banks' motion.

Breeden is under the gun to file the lawsuits against the
investors by the end of the month. Under bankruptcy law, a
trustee only has two years to bring lawsuits seeking to
recover money for the companies, and the two-year deadline
is March 29. (Times Union- 03/11/98)


BRUNO'S: Committee Applies to Employ Coopers & Lybrand
------------------------------------------------------
The Official General Unsecured Creditors' Committee is
applying to the court for approval of employment of Coopers
& Lybrand LLP as accountants and financial advisors for the
Committee.

The firm would advise and assist the Committee in its
examination, analysis and monitoring of the debtor's
financial affairs, advise the Committee in preparing
or reviewing business plans and financial projections,
advise the Committee in the valuation of the real estate,
advise the Committee regarding tax issues, regarding any
plan of reorganization, and attend Committee meetings and
court hearings.  They may also render expert testimony as
needed.

Coopers & Lybrand agreed to represent the Committee under
its customary billing practices.


EXCALIBUR FINANCIAL: Answers Bank's Objection to Counsel
--------------------------------------------------------
Excalibur Financial Services LP and its affiliated Chapter
11 debtors, responds to the objection filed by Credit
Suisse First Boston Mortgage LLC to the debtors'
application to employ and retain the Tennessee law
firm of Wolff Ardis, PC as their special counsel.

The debtors are seeking to retain Wolff Ardis to represent
them in a lawsuit which they expect to commence shortly
against First Boston for money damages and other related
relief on theories sounding in tort, and more
particularly, lender liability.  The debtors anticipate
that the Tennessee Action will be brought in state or
federal court in Tennessee, and they want the law
firm to investigate the facts and legal theories underlying
the Tennessee action as well as to serve as trial counsel
for the debtors.

The debtors state that First Boston is attempting to
preclude the debtors from engaging the law firm in a
transparent effort to stop the Tennessee Action
before it begins.  First Boston states that the litigation
is both unfounded and without merit, and the debtors should
therefore be precluded even from commencing the lawsuit.

The debtor argues that upholding First Boston's objection
to the application to retain Wolff Ardis would cripple the
debtors' ability to evaluate potentially valuable causes of
action for these estates, to the detriment of all of the
creditors and equity holders.

The debtors state that they seek to retain Wolff Ardis
because of that firm's extensive experience in lender
liability and related litigation in Tennessee.


GULF RESOURCES: Lenders' Objection to Petroleum Geologist
---------------------------------------------------------
The Chase Bank of Texas National Association, f/k/a Texas
Commerce Bank National Association and Banque Paribas,
secured creditors, object to Chapter 11 Trustee's
application to employ John C. Nichols as Petroleum
Geologist.

The lenders object to the Trustee's Application to employ
Nichols or any professional to the extent such employment
requests or requires use of the lenders' cash collateral
for payment of compensation and reimbursement of expenses.  
Lenders objects to any use of their cash collateral for
payment to professionals until an appropriate agreement has
been finalized between the lenders, the Trustee, and the
Unsecured Creditors' Committee establishing an allocation
of overhead and professional fees among the lenders'
collateral, property encumbered by liens in favor of other
parties, and unencumbered assets.

The lenders also object to the Chapter 11 Trustee's
application to employ Turner & Allen as special counsel for
the same reasons as stated with respect to the petroleum
geologist.


GULF RESOURCES: Trustee Applies to Employ Ryder Scott
-----------------------------------------------------
Charles E. Bearden, Chapter 11 Trustee for the debtors,
Gulf Resources Corporation and Mustang Oil & Gas
Corporation, filed an application to employ Ryder Scott
Company petroleum engineers.  The Trustee would like the
debtors to prepare estimates of the proved, probable and
possible reserves, future production rates, and income as
of January 1, 1998, attributable to the ownership interest
of the debtor in all oil and gas properties.

The estimated cost of this service is $10,000.  The
Trustee has previously filed an application to employ John
Nichols to perform a similar but far less formal analysis
of one of debtor's properties.  His determination will be
utilized to the extent possible by Ryder Scott to avoid
duplication.


GUY F. ATKINSON: Court Approves Responsible Officer
---------------------------------------------------
The court has authorized appointment of a responsible
officer in Atkinson's Chapter 11 case to evaluate the
company's assets and develop a business proposal
and budget, among other things.  According to the order,
the responsible officer will perform the duties of Atkinson
with respect to Pool II assets, which are all assets other
than the construction company's bonded projects.  The
officer will have no duty or authority with respect to
bonded projects and will not have authority to file a
reorganization plan. (Federal Filings, Inc. 3-12-98)


HANBO STEEL: Final Debt Totaled $5.2 Billion
---------------------------------------------
South Korea's failed Hanbo Steel's final debt obligations
totaled Won7.92trn ($5.2bn).  A company official said the
amount included principal debt of Won6.09trn, interest
payments of Won1.83trn and other expenses. The company
reported its debt total in a court filing. Hanbo, the
nation's second biggest steelmaker, was declared insolvent
in January under debts that at the time totaled Won6trn.
The company is still operating but is under court
receivership and seeks a third party to take it over.
(LLoyd's List International 02/18/98)


HOME HOLDINGS: Amended Disclosure Statement
-------------------------------------------
In its proposed amended disclosure statement, the debtor,
home Holdings Inc., summarizes the plan of reorganization.  
the debtor states that in consultation with certain
affiliates and an unofficial committee of note
holders that was formed prior to the filing of the Chapter
11 petition, the debtor concluded that the recovery to
creditors will be maximized by Home Holdings' continued
operation as a going concern under the terms of the plan.  

Other than the unclassified claims, all other claims and
all equity interest are classified into 12 classes or
subclasses and will receive the distributions and
recoveries (if any) described in the table below.

Class 1 - Other Priority - Unimpaired
Estimated Allowed Amount: $0

Class 2: Convenience Claims - Unimpaired
Estimated Allowed Amount: $0

Class 3: Secured Claims - Unimpaired
Estimated Allowed Amount: $0

Class 4: Unsecured Claims - All Groups Impaired

Group 4A
General Unsecured Claims -
Estimated Allowed Amount $11,857,704

Group 4B
Senior 7% Note Claims
Allowed Amount $104,545,859

Group 4C
Senior 7-7/8% Note Sinking Fund Note Claims
Allowed Amount $188,568,871

Group 4D
Senior 7-7/8% Note Claims
Allowed Amount $543,171

Group 4E
Home Insurance Claim
Allowed Amount: $14,145,407

Class 5: Senior Working Capital Note Claims - Impaired
Allowed Amount: $71,424,889

Class 6: Junior Note Claims - Impaired
Allowed Amount: $41,340,232

Class 7: Senior Subordinated Note Claims - Impaired
Allowed Amount: $0

Class 8: Equity Interests - Impaired
Estimated Number of Shares Outstanding:
Preferred stock - 170
Series A common stock - 14,114,500
Series B convertible stock - 11,425,177

It is anticipated that, following the Effective Date,
Reorganized Home will be
merged with and into Zurich Reinsurance North America, a
Connecticut insurance
company.  


HOUSE OF FABRICS: Tender Offer for Common Stock Expired
-------------------------------------------------------
Fabri-Centers of America, Inc. announced that its tender
offer for all of the outstanding shares of common stock of
House of Fabrics, Inc. made through its wholly-owned
subsidiary, FCA Acquisition Corporation, expired
on March 6, 1998.

The price of the tender offer was $4.25 for each
outstanding House of Fabrics share of stock, net in cash.
According to the depository for the offer, Harris Trust
Company of New York, 4,119,477 shares, representing 77.3%
of the issued and outstanding shares of common stock of
House of Fabrics, were tendered pursuant to the offer
(including approximately 173,172 shares subject to
guarantees of delivery).

Fabri-Centers has notified Harris Trust that it will
purchase all shares tendered. Fabri-Centers plans to
proceed with the merger of FCA Acquisition Corporation into
House of Fabrics, pursuant to which each remaining
outstanding share of House of Fabrics will be converted
into the right to receive $4.25 net in cash, and House of
Fabrics will become a wholly-owned subsidiary of
Fabri-Centers.

Pending completion of the merger, Fabri-Centers
will designate five of the seven directors serving on House
of Fabrics' Board of Directors.
    

LYKES BROS: Looking for Full Recovery
-------------------------------------
Under new ownership, Lykes Lines is reasserting itself in
the transatlantic container trades after filing for
protection from creditors in 1995. Since Canada's CP Ships
bought Lykes last summer, the line has begun fighting back.

Forum Maritime, a Greek shipping company that was in the
process of organizing a joint service with Lykes into the
Black Sea and then promised to pump $10m into the cash-
starved line, an offer that was never taken up as the odd
relationship gradually fizzled out.  CP Ships, one of the
world's most profitable container shipping companies,
bought Lykes last summer for $35m. The line is now in the
same fold as Canada Maritime, Cast, and Contship
Containerline.

Although not a member of the Trans-Atlantic Conference
Agreement, Lykes wants to bring its rates up into
line with those of the conference. The transatlantic trades
where Lykes operates show freight volumes growing and
eastbound and westbound carryings well-balanced.

Progress is being made and management is aiming to lift
Lykes' market share which stands at around 6% of the US
east coast/north Europe market and about 14% of the US
Gulf/Europe trades.  Under the new service arrangements,
Lykes will be operating 10 ships, of which nine are US
flag. Five of those already receive a US subsidy and Lykes
is applying for subsidy on three more. The carrier moves
some 275,000 teu a year and generates annual turnover of
$400m.  Lykes' goal is to develop a third option, focusing
largely on one trade where it can out-manoeuvre the global
players through rapid market response and nimble decision-
making. (LLoyds List International  02/20/98)


MARVEL: Toy Biz Announces Settlement with Creditors
---------------------------------------------------
Toy Biz, Inc. announced that it has reached agreement with
the Official Committee of Unsecured Creditors of Marvel
Entertainment Group to support the Plan of Reorganization
put forward by Toy Biz and the Senior Secured Creditors of
Marvel.  Under the terms of the proposal, which was filed
with the court overseeing Marvel's bankruptcy, holders of
allowed unsecured claims will receive, on a pro rata basis,
a cash distribution of 15% of  the amount of the allowed
unsecured claims plus $2.0 million, up to a maximum of $8.0
million.

In addition, unsecured creditors will receive up to 1.75
million warrants to purchase common stock in the combined
Toy Biz/Marvel.  The warrants will have a four-year term
and be exercisable at a price of $17.25 per share.  
Finally, holders of allowed unsecured claims will be
entitled to receive distributions from any recovery on
certain future litigation.  The proposal is subject to the
approval of the Senior Secured Creditors that have agreed
to support the Plan of Reorganization.  Toy Biz expects to
receive that approval shortly.


MOSSIMO INC: Brincko to Stabilize Management
--------------------------------------------
Mossimo Inc. announced that Mossimo Giannulli is giving up
his chief executive and president jobs, handing them to
turnaround specialist John Brincko in a move to stabilize
the management of the deeply troubled company.  
Brincko joined Mossimo as a consultant in January and
immediately went to work to curb mounting
losses by eliminating jobs, slashing salaries,
restructuring management and putting the company's Irvine
Spectrum headquarters up for lease.

The company lost $13.5 million in the fourth quarter, and
sales plunged 52% to $12.8 million.


POCKET COMMUNICATIONS: Seeks Exclusivity Extension
--------------------------------------------------
Saying it needs more time to craft a potentially superior
and consensual reorganization plan before the Federal
Communications Commission election deadline, Pocket asked
the court to extend the company's exclusive period for plan
solicitation to April 27.  The wireless company said it is
completing discussions with groups that are proposing to
fund the pending plan, including groups sponsored
separately by the creditors' committee and the debtor-in-
possession lenders. (Federal Filings, Inc. 3-12-98)


RDM SPORTS: Order Approving Employment of Counsel
-------------------------------------------------
On March 4, 1998, Judge W. Homer Drake, approved the
application of the Chapter 11 Trustee, William G. Hays,
Jr., for approval of the employment of Lamberth, Bonapeel,
Cifelli & Stokes, PA as counsel for the Trustee.


REEVES INDUSTRIES: Reports Confirmation of plan
-----------------------------------------------
The U.S. Bankruptcy Court in Manhattan confirmed Reeves'
reorganization plan Tuesday.  The pre-arranged plan is
expected to go effective on or about March 23. (Federal
Filings, Inc. 3-12-98)


TOSHOKU AMERICA: Responds to Motion Appointing Kahn
---------------------------------------------------
The debtor, Toshoku America, Inc. responds to the motion
for an order appointing Stewart J. Kahn as reorganization
officer and allowing the retention of Kahn Consulting, Inc.
filed by the Official Committee of Unsecured Creditors.

The debtor states that with the retention of new counsel,
with new management appointed for the debtor, and with the
proposed retention of Deloitte & Touche as accountants,
auditors and consultants pending, the need and purpose for
the operating order and the reorganization officer are no
longer present. The debtor further states that it does now
have the ability to adhere to the requirements of Chapter
11, due to its professional resources.


US ONE COMMUNICATIONS: First Amended Disclosure Statement
---------------------------------------------------------
On February 19, 1998 the US Bankruptcy Court for the
District of Delaware approved the debtors' first amended
disclosure statement with respect to the first amended
joint Chapter 11 liquidating plan of US ONE
Communications Corp, US ONE Communications Services Corp.
and US ONE Communications of New York, Inc.

A hearing to consider confirmation of the plan will be held
on March 30, 1998.

Early in the Chapter 11 cases, the debtors determined that
it would be in the best interests of their estates,
creditors and equity security holders to effectuate the
orderly disposition of substantially all of
their telecommunications assets by auction sale.  

The highest bid submitted was by Winstar Communications,
Inc. and Winstar Switch Acquisition Corp.  The debtors
agreed to sell substantially all the debtors'
assets and to assign certain contracts and leases to
purchaser for an aggregate purchase price of $100 million.

The debtor settled a dispute with Lucent Technologies Inc.  
wherein Lucent agreed that its claims would be reduced to  
and be deemed to be an unsecured claim against US ONE
without priority in the amount of $45 million.

CSC Outsourcing, Inc. and CSC Consulting, Inc. asserted
various claims that the parties settled.  Consulting is
allowed an unsecured, nonpriority claim in the
amount of $4,758,000 for all purposes in this case.  
Outsourcing is allowed an unsecured nonpriority claim in
the amount of $5,242,000.

The debtors believe that through the plan, holders of
Allowed Claims and Allowed Interests will obtain a
substantially greater recovery from
the estates of the debtors than the recovery which would be
available if the assets of the debtors were liquidated
under Chapter 7 of the bankruptcy code.

Provisions for treatment of claims and interest under the
plan is summarized as follows: ($ in thousands)

Administrative Claims - Unimpaired
Estimated Remaining Claim Amount-$3,000

Priority Tax Claims - Unimpaired
Estimated Remaining Claim Amount $2,100

Class 1 -Priority Non-Tax Claims - Impaired
Estimated Remaining Claim Amount $100

Class 2 - Secured Claims - Impaired
Estimated Remaining Claim Amount $300

Class 3 - Unsecured Claims Impaired
Estimated Remaining Claim Amount $21,000

Class 4 - Impaired - Recovery as a % of claim is 5%
                     (Excludes $4 million escrow share         
                     portion)

Class 4.1 Interests
Estimated Remaining Claim Amount $7,000

Class 4.2 Interests
Estimated Remaining Claim Amount $2,000

Class 4.3 Interests
Estimated Remaining Claim Amount $13,500

Class 4.4 Interest
Estimated Remaining Claim Amount $50,000

Class 5 Interests - Impaired
Estimated Remaining Claim Amount $0

Class 6 Interests  - Impaired
Estimated Remaining Claim Amount N/A


WESTERN PACIFIC: Airline Can Keep Control of Planes
---------------------------------------------------    
A federal judge ruled Tuesday that defunct Western Pacific
Airlines can retake control of up to 10 airplanes from a
group of aircraft leasing companies.  If upheld, U.S.
District Judge John Kane's ruling could make
aircraft leasing companies more reluctant to lease planes
to financially troubled airlines, lawyers said. It also
could make it tougher for the leasing
industry to raise money from banks and other lenders.

The ruling also could allow WestPac and its lender - Smith
Management Co. of New York - to sell the leases for the
disputed 737 jets to another airline, a move that could net
the bankrupt Colorado carrier some cash to
repay Smith. To net a profit, the leases would have to
fetch a market price above the original price
paid by WestPac. The planes, which carry a price tag of
about $30 million each, lease for $200,000 to $300,000 a
month.  The ruling is expected to be appealed.

"It is without doubt a precedent-setting decision," said
attorney Christian Onsager of Faegre & Benson, who
represents WestPac. "It gives back to troubled
airlines control over their aircraft fleet in a Chapter 11
bankruptcy filing."  Under Chapter 11 of the federal
bankruptcy code, a debtor is protected from its
creditors while it works out a plan to reorganize its
finances.

Kane reversed a February decision by a U.S. bankruptcy
judge who ruled that about half a dozen leasing companies
could take possession of eight to 10 jets
operated by WestPac after the airline ceased flying on Feb.
4.  A part of the bankruptcy code, section 1110, gives
aircraft leasing companies special rights to retake
possession of their planes in the event an airline
can't make its lease payments.

Judge Brooks said that while WestPac's reorganization plan
late last year allowed it to continue flying, its
subsequent default meant the leasing companies could
repossess the 737s.  But Kane, in his decision, said
WestPac had complied with the requirements spelled out in
section 1110. In effect, he said the airline was entitled
to keep the aircraft while the leasing companies no
longer had the authority to retake the jets, lawyers said.

"It's a significant ruling for the airline industry," said
attorney Duncan Barber of Holme Roberts & Owen.   "It
provides a new interpretation of a key provision of the
bankruptcy code," added Barber, who represents Babcock &
Brown Aircraft Management. (Denver Post; 03/11/98)


DLS CAPITAL PARTNERS: Bond Pricing for Week of March 9
------------------------------------------------------
The following are indicated prices for selected issues:

American Rice 13 '02                74 - 78 (f)
Amer Telecasting 0/14 1/2 '04       20 - 22
Asia Pulp & Paper 11 3/4 '05        86 - 87
APS 11 7/8 '06                      24 - 25 (f)
Boston Chicken 7 3/4 '04            65 - 66
Bradlees 11 '02                      6 - 7 (f)
Brunos 10 1/2 '05                   20 - 21 (f)
CAI Wireless 12 1/4 '02             24 - 26
Cityscape 12 3/4 '04                39 - 42
E&S Holdings 10 3/8 '06             82 - 84
Grand Union 12 '04                  52 - 53 (f)
Harrah's Jazz 14 1/4 '01            29 -31 (f)
Hechinger 9.45 '12              75 1/2 - 76 1/2
Hills 12 1/2 '03                    89 - 90
Great Bay 10 7/8 '04                83 - 84 (f)
Levitz 9 5/8 '03                    43 - 45 (f)
Liggett 11 1/2 '99                  70 - 73
Marvel 0 '98                         5 - 5 1/2
Mobilemedia 9 3/8 '07               12 - 13 (f)
Penn Traffic 9 5/8 '05              47 - 48
Royal Oak 11 '06                    57 - 60
Trump Castle 11 3/4 '03         95 3/4 - 96 3/4
Wickes 11 7/8 '03                   95 - 96

Distressed bonds were mostly quiet in listless trading.  
Royal Oak bonds came in 10 points.  Both Bruno's and Grand
Union were a little weaker.

                    *********

A listing of meetings, conferences and seminars appears
each Tuesday.   

Bond pricing, appearing each Friday, is supplied by DLS   
Capital Partners, Dallas, Texas.    
      
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-
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Princeton, NJ, and Beard Group, Inc., Washington, DC.  
Debra Brennan and Lexy Mueller, Editors.   
  
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