TCR_Public/980331.MBX T R O U B L E D   C O M P A N Y   R E P O R T E R
     
   Tuesday March 31, 1998, Vol. 2, No. 62              
                    
                 Headlines

APS: May Be Losing a Big Customer
BN1 TELECOMMUNICATIONS: Order Authorizes Special Counsel
BRE-X: Stock Doesn't Meet Nasdaq Qualifications
CONSOLIDATED STAINLESS: Seeks Exclusivity Extension
GENERAL WIRELESS: Asked Court to Extend Solicitation Period

HOUSE OF FABRICS: Announces Close of Tender Offer by FCA
JACKSON BROOK: Files for Protection from Creditors
KENNY ROGERS: Roasters Files for Chapter 11
KIA MOTOR: Hyundai and Samsung Fight to Gain Control
KOO KOO ROO: Iacocca Named Chairman

MOLTEN METAL: $20 Million Loan Facility
MONTGOMERY WARD: Global Reclamation Program
NAMCO CYBERTAINMENT: Seeks Time to Accept or Reject Leases
OMEGA ENVIRONMENTAL: Borrowings Under DIP Exceed Limit
PARAGON TRADE: Sees $19M In Year 2000 Costs

PIE MUTUAL: Liquidation Will Run Up Legal Bill
RELIANCE ACCEPTANCE: Shareholders Seek Equity Committee
STRUTHERS INDUSTRIES: Files for Chapter 11 Protection
U.S. LEATHER: Makes Deal to Ease Debt

Meetings, Conferences and Seminars

                 *********

APS: May Be Losing a Big Customer
---------------------------------
The Parts Source, Inc. d/b/a Ace Auto Parts (Nasdaq: ACEP)
today announced financial results for the year ended
December 31, 1997.   Net sales for the 1997 fiscal year
increased 49.7% to a record $40.1 million as compared to
$26.8 million for 1996.  Same store sales for 1997 were
up 11.6% compared to the same period in 1996.  The Company
realized a net loss of $259,000 or $(.08) per share-
diluted, as compared to pro forma net earnings
of $225,000 or $.08 pro forma per share, diluted, in the
comparable period in 1996.

Thomas D. Cox, President and Chief Executive Officer, said,
In January 1998, due to APS, our principal supplier's
financial difficulties, we sent notice to APS asking for
written assurance that APS has the ability to meet its
obligation under the supplier purchase agreement.  We
believe the agreement has been breached and therefore
notified APS that the agreement has been terminated.  In
February 1998, APS filed a petition with the U.S.
Bankruptcy Court for protection and is seeking
reorganization under Chapter 11 of the Bankruptcy Code.  We
continue to purchase the majority of our products from APS
and we feel this action will not have a material adverse
effect on operations.

"To improve gross profit margins, we have begun
negotiations with manufacturers to buy direct and we are
considering opening our own distribution center," Mr. Cox
continued.  "Our management team has experience in
warehouse distribution and feel that acquiring products on
a direct basis should have a positive impact on earnings;  
however, there can be no assurance that we will
be successful in this endeavor.  At this early stage, we
have not concluded that we will discontinue purchasing from
APS and are exploring all alternatives.


BN1 TELECOMMUNICATIONS: Order Authorizes Special Counsel
--------------------------------------------------------
The court approved the employment of Christopher Leedy as
special tax counsel to the debtor, BN1 Telecommunications,
Inc.  The Court finds that the debtor requires adequate tax
counsel to represent it in this bankruptcy case for the
purpose of representing the debtor before the Board of Tax
Appeals in the State of Ohio and other states, representing
the debtor with respect to tax proceedings or audits
involving taxing authorities for the State of Ohio and
other states, preparing tax returns, advising the debtor of
tax consequences of transactions, and interacting with the
debtor's accountants.


BRE-X: Stock Doesn't Meet Nasdaq Qualifications
-----------------------------------------------
The Nasdaq Stock Market was set to eject about 200
companies from its national and small-cap stock markets as
Financial Planning went to press. The companies and their
stocks are simply not meeting the group's new listing
qualification standards and minimum stock prices, which
took effect February 23.

"The new rules will ensure that the right type of quality
companies remain listed on the Nasdaq Stock Market," says
Perry Pergoy, vice president of Nasdaq listing
qualifications. That hasn't always been the case. In fact,
these new stock price and capital requirements are a direct
result of public criticism over the lack of standards and
procedural problems Nasdaq officials encountered when they
attempted to delist a number of financially shaky companies
last year.

One such company, Bre-X Minerals, a now-bankrupt Canadian
gold- mining firm, allegedly scammed investors out of
millions as a result of a phony gold mine "discovery" in
Indonesia. The firm's geologist, who was said to have mixed
purchased gold with crushed rocks on a pool table to
support his gold mine claim, plunged to his death from a
helicopter a short time before the company announced that
the gold mine did not exist. Yet because of procedural
limitations, Nasdaq could not delist the stock immediately,
and it continued to trade for more than a month.

The new rules set a minimum bid price of $1 for listing on
both Nasdaq's national and small-cap stock markets. The
requirements also set out net tangible assets and market
capitalization minimums, in addition to corporate
governance requirements such as disseminating annual
reports, retaining independent board members and
establishing an independent audit committee or
review process. Failure to meet any of these requirements
gives Nasdaq the ability to delist companies quickly.
(Financial Planning - 03/01/98)


CONSOLIDATED STAINLESS: Seeks Exclusivity Extension
---------------------------------------------------
The debtor, Consolidated Stainless, Inc. is seeking an
extension of the exclusive periods during which the debtor
may file a plan of reorganization and solicit acceptances
of such plan.

The debtor's filing period expires on April 14, 1998 and
the solicitation period expires on June 13, 1998.

The debtor requests an order extending the filing period
and solicitation period for 120 days, through and including
August 12, 1998 and October 11, 1998, respectively.

The debtor states that it has made good faith progress
toward reorganization, and prospects for the filing of a
plan of reorganization are excellent. The debtor has
formulated a preliminary business plan, and the debtor
claims that it has cooperated in working with the lender
and the Creditors' Committee.    The debtor has retained an
investment banker to market the debtor's manufacturing
facilities.  The debtor also states that it has taken steps
to reduce overhead an improve operational efficiencies.

The debtor states that it has been focusing on operational
issues and has not yet had a chance to formulate a plan of
reorganization, but that the debtor is clearly not
requesting this extension as a tactical device to pressure
creditors to accede to the debtor's point of view or to
cause undue delay or prejudice to parties in interest.


GENERAL WIRELESS: Asked Court to Extend Solicitation Period
----------------------------------------------------------
General Wireless Inc.'s units asked the court to extend
their exclusive reorganization plan solicitation period
for 60 days after conclusion of the trial against the
Federal Communications Commission or June 30.  The
subsidiaries' proposed plan contemplates all of the various
outcomes that could result from the lawsuit and provides
different options for creditor treatment.  The
outcome of the adversary proceeding will so greatly affect
creditor choice that creditors would benefit significantly
if the companies are given the opportunity to solicit plan
acceptances for a reasonable period after conclusion of the
adversary proceeding, they argued. (Federal Filings, Inc.
30-Mar-1998)


HOUSE OF FABRICS: Announces Close of Tender Offer by FCA
--------------------------------------------------------
In its most Current Form 8-K filed with the SEC, Fabri-
Centers of America, Inc. announced the close of the tender
offer by FCA Acquisition Corporation, a wholly-owned
subsidiary of Fabri-Centers of America, Inc., for all of
the outstanding shares of House of Fabrics, Inc. common
stock and the number of shares tendered. As of March 9,
1998, House of Fabrics, Inc. became a 77.2% indirect
majority-owned subsidiary of Fabri-Centers of America, Inc.

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.  A special meeting of House of
Fabrics' shareholders will be convened as soon as
practicable for the purpose of approving the merger.  
Fabri-Centers will vote all of the House of Fabrics shares
acquired by it in the tender offer in favor of the merger,
which will be sufficient to approve the merger under
applicable law.  Pending completion of the merger, Fabri-
Centers will designate five of the seven directors serving
on House of Fabrics' Board of Directors.


JACKSON BROOK: Files for Protection from Creditors
--------------------------------------------------
The owners of Jackson Brook Institute filed for bankruptcy
protection Friday, ceding control of the psychiatric
hospital to an independent manager who will get it ready to
be sold. The filing under Chapter 11 will allow the company
to reorganize without having to repay immediately the huge
debts it ran up while its parent company, Community Care
Systems Inc., siphoned money from the facility, state
officials said.

The state will continue to ensure the financial stability
of the hospital through a $2.3 million fund, money that is
owed Jackson Brook as part of a separate court judgment.
Payments from that fund will be in addition to payments
from Medicaid, Medicare, private insurers and the $186,000
a week that the state sends Jackson Brook as payment for
the services it provides.  That should buy enough time,
perhaps several months, for new managers to make the
hospital profitable and attractive to prospective buyers.

The hospital also will have a new pharmacy and drug
supplier Monday. The company that had run the pharmacy
there terminated its contract because it could not collect
$190,000 owed to it. DHS says the hospital owes it $13
million.  Jackson Brook owes $280,000 in rent, $3.6 million
in state hospital taxes, and $60,000 in local property
taxes.

The hospital's principal owner, Frederick Thacher is blamed
by state officials for much of Jackson Brook's financial
trouble. They say his company transferred $15.5 million
from an otherwise profitable Maine hospital to prop up
money-losing operations in Massachusetts.

The job of turning Jackson Brook into an attractive
investment falls to Gary Brooks, a New York manager who
specializes in turning around troubled properties and
making them profitable. Brooks spent several days this week  
inspecting Jackson Brook and preparing to take over the
hospital on Monday.
(Portland Press Herald - 03/28/98)


KENNY ROGERS: Roasters Files for Chapter 11
-------------------------------------------
Kenny Rogers Roasters' parent company, which has seen the
chain lose 200 restaurants over the last four years, Friday
sought bankruptcy court protection from its creditors.
Roasters Corp. said in a statement the franchise would
remain open while reorganizing its finances.

The chain specializing in roasted chickens was flying high
only four years ago with 300 stores, including 56 company-
owned restaurants.  But over a six-month period, all but
seven of the company-owned stores closed and the number of
North American franchises dipped to 100, according to
company figures last month.

The company also laid off half its 30 employees at its Fort
Lauderdale, Fla., headquarters.   No one was available for
comment at the headquarters Friday.   In the statement,
Roasters Corp. blamed its troubles on past management.
"Previous management's business and financial decisions
hampered efforts to achieve our goals," it said.

Last month, the company said it no longer wanted to manage
individual restaurants and said instead it planned to move
to an all-franchise operation.  Franchisees pay the company
a fee to operate restaurants and then pay a percentage of
net sales. The franchisee is responsible for the cost to
build and furnish the restaurants.


KIA MOTOR: Hyundai and Samsung Fight to Gain Control
----------------------------------------------------
The Hyundai and Samsung groups, ranked first and second in
South Korea, are fighting to gain control of Kia Motor Co.,
flagship of a second-tier group that  faces the immediate
need to renegotiate $10 billion in debts under **court**
order.

"Without taking over Kia Motors, Samsung Motors will not
survive," said Lim Dong Su, an analyst with Jardine
Fleming. "That's why they are so desperate to  
take it over."

Negotiations this past week between Ford and both Samsung
and Kia may portend a merger of Samsung and Kia, with
investment from Ford. That would pose a serious threat to
Hyundai as well as Daewoo Motor Co., Korea's second-
largest  vehicle maker.   As for Daewoo, it was maneuvering
to attract a major investment from GM, saying it could
accept the world's largest motor vehicle company taking a
stake as high as 50 percent.

The question, however, is whether the scrap over Kia, whose
executives say  publicly that they are determined to stave
off all attempts at a takeover, may indicate quite a
different scenario one in which the chaebol spend so much  
time, energy and badly needed resources in fighting each
other that they lose sight of the basic revisions needed
for economic recovery.

For Hyundai, the ultimate dream is to make 2.5 million
vehicles, the total capacity of both the Hyundai and Kia
motor vehicle plants.  Motor vehicle makers appear
oblivious to the report's criticism of labor  
practices in which Korean labor unions fight against not
only layoffs but also reduced working hours and refuse to
agree on plans for workers to perform more  than one task.
(International Herald Tribune; 03/28/98)


KOO KOO ROO: Iacocca Named Chairman
-----------------------------------
Former Chrysler chairman Lee Iacocca was named  
acting chairman of restaurant operator Koo Koo Roo today
after its previous leader resigned. Iacocca retired as the
chairman of Chrysler in 1992, and is  credited with saving
the automaker from bankruptcy.

Koo Koo Roo operates 52 restaurants in California, Las  
Vegas, Florida and Washington D.C., including fourteen
Hamburger Hamlet restaurants.


MOLTEN METAL: $20 Million Loan Facility
--------------------------------------
On March 9, 1998 the Company announced it had received
Bankruptcy Court approval for a $20 million loan facility
from affiliates of Morgens, Waterfall, Vintiadis & Company,
Inc. (the "Lender"). The $20 million financing will be used
to repay a short-term loan received from the Lender and to
enhance the operations of the Company's two operating
plants in Oak Ridge, Tennessee. The loan will become due on
December 31, 1999 or the effective date of a Reorganization
Plan for any of the Companies, whichever is earlier.
Closing of the loan and initial advance of funds was
completed on March 20, 1998.


MONTGOMERY WARD: Global Reclamation Program
-------------------------------------------
The Debtors seek a 90-day extension of the Period for the
Reconciliation of Reclamation Claims, established by the
Reclamation Program.  This Reconciliation Period ends on
April 13, l998.  

The Debtors say that, despite their best efforts, a
significant number of Reclamation Demands will remain
unresolved at the conclusion of the Reconciliation Period.  
The Debtors remind the Court that the Debtors initially
received written Reclamation Demands for reclamation of
shipments of merchandise with a total invoice cost
estimated at approximately $150,000,000.  Nonetheless, the
Debtors state they have made substantial progress in
implementing the Reclamation Procedures and resolving the
Reclamation Demands.  

For example, the Debtors have sent detailed Reconciliation
Statements to the Claimants holding each of the
approximately 540 Reclamation Demands asserted
in these cases -- a task requiring the review and analysis
of more than 100,000 invoices and related documents.

Notwithstanding these efforts, the Debtors inform the Court
that they will have to initiate the adversarial "Final
Notice" process as to the remaining claims; but, add the
Debtors, they believe the majority of these remaining
claims can be resolved consensually within the 90-day
extension they are requesting.

For these reasons, conclude the Debtors, it will be in the
best interests of their estates and creditors to extend the
Reconciliation Period for 90 days beyond April 13, 1998, in
order to enhance the chances of resolving the Reclamation
Demands without costly, distracting litigation.
(Montgomery Ward Bankruptcy News 24-Mar-1998)


NAMCO CYBERTAINMENT: Seeks Time to Accept or Reject Leases
----------------------------------------------------------
The debtor, Namco Cybertainment Inc. (NCI), filed a motion
for entry of an order extending time to assume or reject
unexpired leases of non-residential real property.  The
hearing is set for April 6, 1998.

NCI operates family amusement centers in 372 leased
locations across the county and in Puerto Rico.  NCI seeks
an order from the court extending the time by which it must
assume or reject its unexpired nonresidential leases
through and including July 15, 1998.

Prior to the petition date, NCI hired Retail Consulting
Services to assist it in evaluating the profitability of
each of the amusement centers operated pursuant to the
leases and to determine whether unprofitable locations
could be revitalized through re-negotiation with the
landlords.  NCI anticipates that it will make its
determination as to which leases to assume, to assume as
amended, or to reject pursuant to and as part of its plan
of reorganization which plan will be filed prior to the
termination of NCI's exclusivity period, which expires on
or about May 30, 1998.


OMEGA ENVIRONMENTAL: Borrowings Under DIP Exceed Limit
------------------------------------------------------
As of December 31, 1997, Omega Environmental Inc.'s  
borrowings under the debtor-in-possession financing
agreement with BNY Financial Corporation ("BNYFC") were
$20,097,103 which exceeded the $17,000,000 borrowing limit
in the debtor-in-possession financing agreement by
$3,097,103.  Additionally, the Company's borrowings
exceeded the collateral formula by 11,436,000. Omega is
currently negotiating with BNYFC for an extension of its
debtor-in-possession financing agreement to carry it
through the reorganization process. To date, however,
Omega has been unable to reach agreement with BNYFC.

A full-text copy of the company's most current 8K is
available via the Internet at:

     http://www.sec.gov/Archives/edgar/data/[filename].txt


PARAGON TRADE: Sees $19M In Year 2000 Costs
-------------------------------------------
Paragon Trade Brands Inc. expects to spend a total of
approximately $19 million to modify and replace a
significant portion of its information technology platform
to avoid anticipated "Year 2000" problems.  The company had
spent $4 million as of Dec. 27 on the development,
assessment, and purchase of software and hardware to combat
the expected difficulties, and estimated that about $15
million in further expenditures are needed complete the
upgrade.  Paragon is also investigating the vulnerability
and adaptability of its computer systems in connection with
the possibility of significant suppliers and vendors
falling victim to year 2000 problems.
(Federal Filings, Inc. 30-Mar-1998)


PIE MUTUAL: Liquidation Will Run Up Legal Bill
----------------------------------------------
The financial meltdown of PIE Mutual Insurance Co. may
provide a growth industry for lawyers.  As regulators
prepare to liquidate the Cleveland-based firm, attorneys
are gearing up for high-stakes battles in courtrooms across
the nine states where PIE sold medical malpractice
policies.

"There's literally hundreds of skirmishes over so many
fronts," said Gerald S. Leeseberg, a Columbus plaintiff's
attorney and chairman of a PIE committee for the Ohio
Academy of Trial Lawyers.  The numerous lawsuits and
motions already filed in connection with PIE's
financial woes are just the beginning of things to come.

Plaintiffs and defense attorneys say the liquidation
process will change the way they pursue or defend claims.
A major concern, they say, is the operation of the Ohio
Insurance Guaranty Association, which would pay PIE claims
under a liquidation order. The association requires those
with claims to exhaust all other sources of
coverage before the fund pays in behalf of a PIE-insured
doctor.

In debt by at least $300 million, PIE was once the largest
insurer of Ohio doctors until the Ohio Department of
Insurance took over the firm last December.
Judge Michael Watson of Franklin County Common Pleas Court
is expected to rule March 23 on the department's motion to
liquidate the company. In December, Watson placed the
company under rehabilitation after the company's top
executives were fired.

Last month, the insurance department sought immediate
liquidation of the company, but other insurer carriers and
PIE's board of directors won a delay. However, those
parties withdrew their opposition March 12 and 15.
PIE's debt will be higher than $300 million when the
department releases a financial statement for the year
ended Dec. 31, said spokeswoman Terri Leist.

If Judge Watson approves liquidation, the process will be
supervised by Insurance Director Harold Duryee and by
deputy liquidator Lynne C. Hengle, a state employee in the
department's liquidation office. Leist said counsel for the
liquidator will likely comes from Cleveland law
firm Calfee Halter & Griswold LLP, which already advises
the department on the rehabilitation of the company.

Among the assets to be managed and eventually sold is a
South Carolina retirement community controlled by a PIE
subsidiary. Regulators say they expect the project to break
even for PIE, which holds a $20 million loan guaranty for
the development.  Hospitals will become big targets
whenever a PIE-insured doctor is a co-defendant in a
medical malpractice claim, said James J. Hughes, a health-
care attorney for Bricker & Eckler.  "There will be more
court cases and more lawyer fees," Hughes said. "Not
only will hospitals have to spend more time and money in
defending these cases, but carriers will raise rates to
make up for the losses."
(Business First Columbus - 03/20/98)


RELIANCE ACCEPTANCE: Shareholders Seek Equity Committee
-------------------------------------------------------
A group of Reliance Acceptance Group, Inc. shareholders has
asked the court to appoint an official equity committee
to protect their rights, primarily with regard to the
shareholders' individual claims against past and present
officers of the company and predecessor Cole Taylor
Financial Group Inc., and the potential residual
value the equity holders believe they possess in the
reorganization.  While acknowledging that the appointment
of an equity committee may add to the costs of the
proceedings, the group asserted that "such costs pale in
comparison to what the equity holders have suffered -- a
nearly $27 million loss."
(Federal Filings, Inc. 30-Mar-1998)


STRUTHERS INDUSTRIES: Files for Chapter 11 Protection
-----------------------------------------------------
Struthers Industries, Inc. filed for Chapter 11 protection
in the U.S. Bankruptcy Court on March 9, 1998 in the
Northern District of Oklahoma.  The company operates
through subsidiaries that are engaged in acquiring
exploring and developing oil and natural gas properties.  
For the year ended September 30, 1996 the company reported
assets of $155.50(mil) and liabilities of $196.90(mil).


U.S. LEATHER: Makes Deal to Ease Debt
-------------------------------------
United States Leather Inc. has reached an agreement in
principle with stockholders and a bondholders committee in
which bondholders will exchange $138 million in debt for
ownership of the company.   As part of the plan, the
Milwaukee-based leather processing company will
file a prepackaged Chapter 11 bankruptcy petition  in
federal court in about two months.

The plan provides that employees and unsecured creditors be
paid in full and on time, said Chief Executive Officer
Anthony Biancanello.  Upon approval, the company's stock
would trade publicly.  The main difference between a
prepackaged bankruptcy proceeding, known as a
"prepack," and a normal Chapter 11 proceeding is that  the
company and a required number of creditors agree on a
restructuring plan before going to court. In a traditional
Chapter 11, the plan is developed after the bankruptcy
petition is filed, and the process can be contentious.

Prepacks move quickly to completion, in weeks or months,
while traditional bankruptcy cases can go on for more than
two years.  "We've been orchestrating the prepackaged
bankruptcy since September," Biancanello said. The company
announced its intention then to ask its bondholders to swap
the debt for equity in the company.

The company plans to solicit the approval of all
stockholders  and bondholders of record as of March 27. The
solicitation period  will begin next week and last for 45
days.  Biancanello said the prepackaged bankruptcy petition
is a necessary part of the plan because it's unlikely that
the company will gain the approval of 100% of the
bondholders. The bankruptcy petition allows a federal judge
to order that the debt-for-equity swap take place as long
as a majority of debt holders agree.

Biancanello said the holders of more than 50% of the
outstanding senior notes have expressed support for the
plan.  U.S. Leather was taken over by its major creditor,
Equitable  Life Assurance Society of the United States and
its affiliates,  in 1996, after the company defaulted on
debt owed to Equitable.  Under the new plan, Equitable,
which now owns 87.23% of the company,  and First Plaza
Group Trust, a General Motors pension fund that  owns the
remaining 12.77%, will retain 3% of the stock after
the debt-for-equity swap.

U.S. Leather bonds are trading for about 40 cents on the
dollar, Biancanello said. About 85% of the total value of
the bonds is held in institutional portfolios, he said.
(Milwaukee Sentinel Journal - 03/26/98)


Meetings, Conferences and Seminars
----------------------------------

March 26-29, 1998
   NORTON INSTITUTES ON BANKRUPTCY LAW
      10th Annual Norton Bankruptcy Litigation Institute II
         Flamingo Hilton, Las Vegas, Nevada
            Contact 1-770-535-7722

April 2-5, 1998
   COMMERCIAL LAW LEAGUE OF AMERICA
      68th Annual Midwest District Meeting
         The Westin Hotel, Chicago, Illinois
            Contact: 1-312-781-2000

April 6-7, 1998
   THE PRACTICING LAW INSTITUTE
      20th Annual Current Developments in Bankruptcy
      and Reorganization
         PLI Conference Center, New York City
            Contact: 1-800-260-4PLI

April 20-21, 1998
   THE PRACTICING LAW INSTITUTE
      20th Annual Current Developments in Bankruptcy
      and Reorganization
         San Francisco Hilton & Tower, San Francisco,
California
            Contact: 1-800-260-4PLI
      
April 23-24, 1998
   NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES
      1998 Spring Education Seminar
         Hawthorne Suites Hotel, Charleston, South Carolina
            Contact: 1-803-252-5646

April 30-May 3, 1998
   AMERICAN BANKRUPTCY INSTITUTE
      Annual Spring Meeting
         Grand Hyatt, Washington, D.C.
            Contact: 1-703-739-0800

May 1-3, 1998
   NATIONAL ASSOCIATION OF CONSUMER BANKRUPTCY ATTORNEYS
      6th Annual Convention
         Fountainbleau Hilton Resort, Miami, Florida
            Contact: 1-703-803-7040

May 22-25, 1998
   COMMERICAL LAW LEAGUE OF AMERICA
      50th New England District Annual Meeting
         Ocean Edge Resort & Golf Club
         Cape Cod, Massachusetts
            Contact 1-617-720-1355

May 31-June 5, 1998
   COMMERICAL LAW LEAGUE OF AMERICA
      CLLA Credit Institute
         Marquette University, Milwaukee, Wisconsin
            Contact 1-312-781-2000

June 3-6, 1998
   ASSOCIATION OF INSOLVENCY ACCOUNTANTS
      Seminar
         San Francisco, California
            Contact 1-541-858-1665

June 8-9, 1998
   TURNAROUND MANAGEMENT ASSOCIATION
      Advanced Education Workshop & Legislative Conference
         Radisson Plaza, Charlotte, North Carolina
            Contact 1-312-857-7734

June 11-12, 1998
   RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC.
      1st Annual Conference on Corporate Reorganizations
         The Palmer House, Chicgo, Illinois
            Contact 1-903-592-5169 or ram@ballistic.com

June 11-14, 1998
   AMERICAN BANKRUPTCY INSTITUTE
      Central States Bankruptcy Workshop
         Grand Traverse Resort, Traverse City, Michigan
            Contact: 1-703-739-0800

July 2-5, 1998
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Western Mountains Bankruptcy Law Institute
         Jackson Lake Lodge, Jackson Hole, Wyoming
            Contact 1-770-535-7722

July 16-19, 1998
   AMERICAN BANKRUPTCY INSTITUTE
      Northeast Bankruptcy Conference
         Sea Crest Resort, Falmouth, Massachusetts
            Contact: 1-703-739-0800

July 23-24, 1998
   THE PRACTICING LAW INSTITUTE
      How to Handle Consumer Bankruptcy Cases: A Practical
      Step-by-Step Guide
         PLI Conference Center, New York City
            Contact: 1-800-260-4PLI

July 24-29, 1998
   COMMERICAL LAW LEAGUE OF AMERICA
      104th Annual Convention
         Ritz Carlton, Amelia Island, Florida
            Contact: 1-312-781-2000

August 6-9-1998
   AMERICAN BANKRUPTCY INSTITUTE
      Southeast Bankruptcy Workshop
         Daufuskie Island Club & Resort,
         Hilton Head, South Carolina
            Contact: 1-703-739-0800

September 9-13, 1998
   NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES
      Annual Convention
         Sheraton El Conquistador, Tuscon, Arizona
            Contact: 1-803-252-5646

September 17-20, 1998
   AMERICAN BANKRUPTCY INSTITUTE
      Southwest Bankruptcy Conference
         The Inn at Loretta, Santa Fe, New Mexico
            Contact: 1-703-739-0800
  
October 16-20, 1998
   TURNAROUND MANAGEMENT ASSOCIATION
      1998 Annual Conference
         The Westin Hotel, Chicago, Illinois
            Contact 1-312-857-7734

November 30-December 1, 1998
   RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC.
      5th Annual Conference on Distressed Debt
         Plaza Hotel, New York, New York
            Contact 1-903-592-5169 or ram@ballistic.com   

December 3-5, 1998
   AMERICAN BANKRUPTCY INSTITUTE
      Winter Leadership Conference
         Westin La Paloma, Tucson, Arizona
            Contact: 1-703-739-0800

The Meetings, Conferences and Seminars column appears
in the TCR each Tuesday.  Submissions via e-mail to
conferences@bankrupt.com are encouraged.


                      *********

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-
published by Bankruptcy Creditors' Service, Inc.,
Princeton, NJ, and Beard Group, Inc., Washington, DC.  
Debra Brennan and Lexy Mueller, Editors.   
  
Copyright 1998.  All rights reserved.  This material
is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly
prohibited without prior written permission of the
publishers.   
  
Information contained herein is obtained from sources
believed to be reliable, but is not guaranteed.   
  
The TCR subscription rate is $575 for six months   
delivered via e-mail.  Additional e-mail subscriptions
for members of the same firm for the term of the initial   
subscription or balance thereof are $25 each.  For   
subscription information, contact Christopher Beard
at 301/951-6400.  
       
         * * *  End of Transmission  * * *