TCR_Public/980512.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, May 12, 1998, Vol. 2, No. 94                  

                  Headlines

ABERCROMBIE & FITCH: Reports Sales and Expected Earnings
BIG RIVERS ELECTRIC: Modified Plan and Disclosure Statement
CHAMPION AUTO: Files for Chapter 11 Protection
CONTEMPORARY INDUSTRIES: Objection to Break-Up Fee
GAYLORD COMPANIES: Gets Time to Assume or Reject Leases


HAGERSTOWN FIBER: Bondholders Defend Chapter 11 Filing
HAGERSTOWN FIBER: Debtor Responds to Pencor
HOMEOWNERS MORTGAGE: HomeCapital Unit Files Chapter 11
HYATT: Cincinnati Hotel Bankruptcy Plan Includes Rehab
INTERNATIONAL META: Monthly Operating Report

KIA MOTORS: Ford Seeks International Consortium
LOGAN-SQUARE: Appraisal Report is Released
MARVEL ENTERTAINMENT: Cash Collateral Pact Challenged
MEDLAB INC: Proposed Sale of Operating Assets
MONTGOMERY WARD: Seeks Lechmere and Mitsubishi Settlement

ORANGE COUNTY: Credit Suisse Settles for $52.5 Million
PARAGON TRADE: P&G May File Additional $1 Billion in Claims
PARAGON TRADE: Panel Seeks To Prepare Plan With P&G
PEGASUS GOLD: Committee Supports Exclusivity Extension
PINNACLE MICRO: Record Loss of $30 Million

QUADRAX CORPORATION: Net Loss of $10 Million in Fiscal '97
ROASTERS CORP: Seeks Time to Assume or Reject Franchises
TOSHOKU AMERICA: Meeting of Creditors Continued
WESTERN PACIFIC: Judge Reaffirms WestPac Jet Ruling                       

Meetings, Conferences and Seminars

                 *********

ABERCROMBIE & FITCH: Reports Sales and Expected Earnings
--------------------------------------------------------
The Limited, Inc. reported in its Amendment No. 3 to
Schedule 13E-4, Issuer Tender Offer Statement filed with
the SEC, relating to an offer by The Limited to exchange
up to 43,600,000 shares of Class A common stock, par value
$.01 per share, of Abercrombie & Fitch Co. ("A&F"), which
The Limited owns, for shares of common stock, par value
$.50 per share, of The Limited upon the terms and subject
to the conditions stated in the Offering Circular--
Prospectus dated April 15, 1998 and the related Letter of
Transmittal. The Abercrombie & Fitch Co. common stock to be
issued in the pending exchange offer will be offered or
sold solely pursuant to the offering circular-prospectus.  

Abercrombie & Fitch Co. reported net sales of $134.2
million for the first quarter ended May 2, 1998, an
increase of 81%, compared to sales of $74.3 million for the
comparable period ended May 3, 1997.  The Company's
comparable store sales increased 48% for the first quarter
ended May 2, 1998.  Abercrombie & Fitch expects to report
earnings per diluted share of $.12 in the first quarter.  
First quarter earnings will be reported on May 18, 1998,
after the market closes.

This information was released to ensure that shareholders
of The Limited, Inc. will have current information
concerning Abercrombie & Fitch in connection with The
Limited's pending exchange offer, which is intended to
establish Abercrombie & Fitch as a fully independent public
company.  The exchange offer commenced on April 15, 1998,
and is scheduled to expire at midnight, New York City time,
on May 13, 1998.


BIG RIVERS ELECTRIC: Modified Plan and Disclosure Statement
-----------------------------------------------------------
The modified Disclosure Statement affects only the
treatment of Holders of Affected Claims.  Holders of
Affected Claims are entitled to change their previous
acceptance or rejection of the plan.

The plan modifications provide that LG&E Energy will serve
the member with respect to the Smelter Loads.  LG&E Energy
will make increased payments to Big Rivers, and LG&E Energy
will receive additional payments from Big Rivers, the
Smelters and the Banks.  LG&E Energy will fund certain
capital expenditures and Big Rivers will have improved
capital and operational and maintenance cost sharing
arrangements with LG&E Energy.

The Smelter will buy Tier 3 Service under Big Rivers' open
access transmission tariff, LG&E will receive a right of
first refusal to purchase certain Big Rivers generating
assets and the arbitrage-sharing arrangement is modified.  
Big Rivers also may, under certain circumstances "clawback"
payments made on the RUS note to meet capital expenditures.
Big Rivers will pay a marketing payment to LG&E and under
certain circumstances, LG&E will execute and deliver to the
RUS a demand promissory note.

If the plan modification order is vacated of if the
Effective Date does not occur on or before December 31,
1998, the plan modifications shall be null and void, but
the plan will remain in full force and effect.


CHAMPION AUTO: Files for Chapter 11 Protection
----------------------------------------------
Champion Auto Stores Inc., a Maple Grove-based retailer of
auto parts has filed for protection from its creditors
under Chapter 11 of the Federal Bankruptcy Act.

About 160 stores are operated in the Midwest under the
Champion name.  However, only the 48 corporate stores,
owned and operated by the Central Organization of Maple
Grove, are involved in the bankruptcy filing. They
will remain open as the company reorganizes its finances.

The company listed $29.7 million in assets and $32.4
million in liabilities as of March 31. Sales were $80
million for the fiscal year ended Dec. 31, according to the
filing.  In addition, 20 unsecured creditors were listed
with claims ranging from $2.9 million to $139,175.

Champion owes National Canada Finance Corp. $9.9 million.
Because of operating losses suffered in 1997, Champion is
in default under the terms of the loan, according to court
records.  As a result of the cash crunch, Champion has been
unable to buy and maintain inventory in recent months.
The company negotiated $13 million in new financing with
Norwest Business Credit Inc., a division of Norwest Bank,  
according to a Champion spokeswoman. The company
anticipates new funding from Norwest by the end of this
week, she said.  (Star Tribune Twin Cities - 05/07/98)


CONTEMPORARY INDUSTRIES: Objection to Break-Up Fee
--------------------------------------------------
Marvin Braun, Barry Dill, Lloyd Ferguson, Hershel McBride,
Joe Oleinik, Rick Tank, and Jed Powell, ("Franchisees")
object to the Bidding Procedure and Break-Up Fee proposed
by the debtor, Contemporary Industries Corporation.

The Franchisees object to the provision that proof should
be in a form satisfactory to the debtor of a person's
financial ability to consummate its offer for the assets.  
The Franchisees state that the bidding procedure is silent
with regard to the return of earnest money deposits, and
the Franchisees propose that the 10% deposit not be
required any sooner than the date set for auction.  The
Franchisees object that an initial bid must be at least 5%
higher than the amount set forth on the Franchise Store
Valuation.  The Franchisees state that the Kum & Go offer
and bidding procedure is inequitable and designed to
prevent the Franchisees from being able to purchase their
stores.

The Franchisees object to the provision that the debtor has
the sole discretion to determine the highest bid, as the
Franchisees seek court approval.  The Franchisees object to
the provision that requires that the successful bidder
immediately execute an asset purchase agreement, as they
have not seen a proposed agreement.  They also object to
the proposed break-up fee in that it fails to specifically
set forth whether the fee is to be paid in the event that
Kum & Go is not the successful bidder for one or more
franchised stores.  The Franchisees complain that they
received insufficient information to determine whether the
break-up fee applies in such situation, as the schedules
identified in the asset purchase agreement have not been
provided to them.  They also object to the sale of their
interest in the store leasehold and sale of inventory owned
by them.


GAYLORD COMPANIES: Gets Time to Assume or Reject Leases
-------------------------------------------------------
The court entered an order on May 6, 1998 granting the
motion of the debtors, Gaylord Companies, Inc., Gaylord's
Inc., Gaylord Book Company, The Cookstore, Inc., Sawworth
Book Company, The Cookstore Worthington, Inc and Gaylord
Enterprises Inc. to extend the time to assume certain
leases of non-residential real property until July 13,
1998.

The court also granted authority to reject two leases of
The Cookstore, Inc., which stores are located in Florence,
Kentucky and Indianapolis, Indiana.


HAGERSTOWN FIBER: Bondholders Defend Chapter 11 Filing
------------------------------------------------------
Hagerstown Fiber LP and the bondholders' committee defended
the partnership's decision to file for Chapter 11 and
accused former general partner Pencor First Fiber Inc.
(PFF) of pursuing "a systematic scheme to breach contracts,
breach fiduciary duties, commit fraud, and perform other
misconduct."  Hagerstown and the committee alleged that PFF
and its affiliates entered into various secret agreements
to cover up these "misdeeds."  Calling PFF's motion to
dismiss the case a "preemptive strike to disrupt the
litigation," Hagerstown pointed out that PFF is a "front"
for Carl Landegger and his Black Clawson Co., which
"engaged in a complex scheme to defraud the Debtor and its
major creditors out of more than $130 million." (Federal
Filings Inc. 11-May 98)


HAGERSTOWN FIBER: Debtor Responds to Pencor
-------------------------------------------
Hagerstown Fiber Limited Partnership responds in opposition
to the motion of Pencor First Fiber Inc.,("PFF") for an
order dismissing the debtor's Chapter 11 case, or
alternatively modifying the automatic stay and directing
the appointment of a Chapter 11 trustee.

The debtor states that PFF makes baseless allegations that
this case only involves a state law partnership dispute
exclusively among non-debtor parties, and that the debtor
has no intention or likelihood of plan confirmation. The
debtor states that PFF's motives are of self-interest and
that PFF does not explain how dismissal would promote the
best interests of the debtor or the creditors.  

The debtor states that it has a legitimate desire to
restructure in Chapter 11.  The debtor analyzes and attacks
each of PFF's causal arguments for dismissing the suit and
the debtor argues that PFF is not entitled to relief from
the automatic stay and that the appointment of a trustee is
not justified.


HOMEOWNERS MORTGAGE: HomeCapital Unit Files Chapter 11
-------------------------------------------------------
The operating subsidiary of HomeCapital Investment Corp.,
the Austin mortgage company that got in trouble with the
Federal National Mortgage Association two months ago, has
filed for Chapter 11 bankruptcy court protection and its
managers are considering liquidating the company.

HomeOwners Mortgage & Equity Inc., the primary subsidiary
of HomeCapital, listed assets of $32.7 million and
liabilities of $31 million, including an unspecified amount
of unsecured debt owed to the Federal National Mortgage  
Association, known as Fannie Mae. The association threw 5-
year-old HomeCapital into financial disarray when it
withdrew as a buyer for most of HomeCapital's FHA Title I
home improvement loans in March.

Fannie Mae has demanded HomeCapital repurchase $6 million
of loans, according to the company. Fannie Mae had
purchased $206 million in home improvement loans that were
being serviced by HomeCapital at the end of 1997 for resale
to investors in the secondary market. (Austin American
Statesman - 05/06/98)


HYATT: Cincinnati Hotel Bankruptcy Plan Includes Rehab
------------------------------------------------------
A $6-million renovation of the Hyatt Regency Cincinnati
could be the first impact of a proposed settlement of the
downtown hotel's bankruptcy case, hotel owners said.  The
tentative deal, unveiled by Cincinnati officials, would
reduce the city's interest in the hotel to about 16 percent
from a previous settlement proposal, but guarantee it about
$15 million in rent payments during a 30-year lease term
ending in 2046.

The hotel's limited partners include the city of Cincinnati
and several business interests, including the Schottenstein
family of Columbus and Cincinnati attorney Irving Harris.

This is the second settlement reached since the Hyatt's
owners declared bankruptcy in March 1994. That happened
days after the Teachers' Insurance and Annuity Association
of America, or TIAA, filed a foreclosure suit. Hyatt  
Regency Cincinnati owed the pension plan about $45 million.
The first settlement gave the city a 49 percent interest in
the hotel, but was overturned by a federal appeals court in
1995 after TIAA appealed it.

Under the proposal, the group that would own the Hyatt, HRC
Limited Partnership, would have an option to buy the city's
interest.  TIAA would reduce its outstanding loan to about
$34 million, plus millions in back interest payments.
The partnership also will pay the city $540,000 when the
deal closes.  Cincinnati City Council and the U.S.
Bankruptcy Court still must approve the new deal.
(Cincinnati Post; 05/06/98)


INTERNATIONAL META: Monthly Operating Report
--------------------------------------------
International Meta Systems, Inc. reported in its monthly
operating report for the month ended March 31, 1998 (Form
8-K) filed with the SEC, losses of ($467,008.95) on sales
of $376,228.65, total assets of $2,455,235 and total
liabilities of $8,245,797  


KIA MOTORS: Ford Seeks International Consortium
-----------------------------------------------
Ford Motor Co. is seeking to form an international
consortium to take over ailing South Korean car maker Kia
Motors Corp., a report said Saturday.  Industry and Energy
Minister Park Tae-Young quoted Ford's vice chairman  
Wayne Bucker as saying that Ford was considering taking
part not only in a planned capital increase but in
management as well.

"He mentioned a South Korean bank as a possible partner in
the consortium as  well as foreign investors," Park was
quoted as saying by Dong-A daily, referring to his talks
with Bucker here on May 6.   "I am not in a position to go
into details but a foreign company other than Ford is also
seeking to invest in Kia," he said.

Ford wants to take part in Kia's decision-making, but the
US company now appeared concerned about Kia's hardline
union, the official said.  Ford is the largest shareholder
of Kia with a stake of 16.9 percent. (Agence  France Presse
- 05/09/98)


LOGAN-SQUARE: Appraisal Report is Released
------------------------------------------
State Street Bank and Trust Co., solely in its capacity as
bond trustee, announced that Logan Square East has received
an appraisal for the Logan Square East facility.  The
appraisal placed the market value of the Logan Square East
facility, as a going concern, at $26.5 million.  This
appraised value is less than the total amount of Logan
Square East's secured and unsecured debt, including, in
particular, the Amended First Mortgage Revenue Bonds,
issued in 1991, of which approximately $36 million remain
outstanding.

State Street is currently acting as the agent for the
Trustee under the First Mortgage Indenture dated as of
April 1, 1986 by the Philadelphia Authority for Industrial
Development as amended by the First Supplemental  
Indenture dated as of March 1, 1991 for the Logan Square
East Continuing Care Facility Project.  

Pursuant to the First Mortgage Indenture, $40,000,000 of
First Mortgage Revenue Bonds, 1986 Series were issued.  
Pursuant to the First Supplemental Indenture, the First
Mortgage Revenue Bonds were restructured and consenting  
holders of the First Mortgage Revenue Bonds received
amended bonds with modified payment terms.  

As of March 1, 1998, approximately $4.5 million of
unamended and $36 million of amended bonds remained
outstanding.  Logan Square East, constructed in 1981, is a
non-profit continuing care retirement community located in
center city Philadelphia.  A bar date of June 18, 1998 for
the filing of claims against Logan Square East has been set
by the Court.  The Bond Trustee will arrange for the
filing  of a claim for the benefit of amended and the
unamended bondholders.  


MARVEL ENTERTAINMENT: Cash Collateral Pact Challenged
-----------------------------------------------------
The bid by Marvel Entertainment Group Inc.'s Chapter 11
Trustee for approval of a cash collateral stipulation
with the company's lenders faces opposition from the
creditors' and equity holders' committees, each of which
questioned the lenders' entitlement to adequate protection
payments.  While not objecting to Trustee John Gibbons's
use of cash collateral, the equity panel said it opposes
provisions that require adequate protection payments to the
lenders "as the moveants have not demonstrated that the
Lenders are entitled to adequate protection payments."

The Equity Committee also objected to provisions that would
grant replacement liens retroactively to Dec. 22 for
Marvel's use of cash collateral from that date to the date
of the stipulation. (Federal Filings Inc. 11-May 98)


MEDLAB INC: Proposed Sale of Operating Assets
---------------------------------------------
In The Wall Street Journal on May 11, 1998, Medlab Inc., et
al, debtors, published a notice of proposed sale of the
operating assets of Medlab, Inc.  A hearing on the sale
motion is scheduled for June 5, 1998.

An auction will be held on June 3, 1998 and the proposed
sale of substantially all of Medlab's operating assets,
including fixed assets, supplies, customer lists, existing
contracts, real estate, leases and intangible assets to
Laboratory Corporation of America Holdings is subject to
higher and better offers.  Objections may be filed no later
than May 28, 1998.


MONTGOMERY WARD: Seeks Lechmere and Mitsubishi Settlement
---------------------------------------------------------
Pursuant to the settlement agreement proposed by the
debtor, Montgomery Ward Holding Corp. et al, Mitsubishi
will offset all amounts owed by it to Lechmere against all
amounts owed by Lechmere to Mitsubishi.  After such offset,
Mitsubishi will hold a net claim against Lechmere in the
amount of $97,911.29.The settlement agreement contemplates
that the claim will constitute an allowed reclamation
claim, secured by a first-priority lien on all assets of
Lechmere, subject to existing third-party liens.

The debtors believe that the terms of the proposed
settlement agreement are in the best interests of the
debtors' estates and creditors.  Engaging in protracted
litigation with Mitsubishi would involve significant time  
and expense.  In light of the relatively modest dollar
amount involved once the claims are set off against each
other, the expense would not be justified.  The cost of the
settlement is essentially nonexistent, as Lechmere is not
compelled to make any payment to Mitsubishi under the
Settlement Agreement.


ORANGE COUNTY: Credit Suisse Settles for $52.5 Million
------------------------------------------------------
Credit Suisse First Boston broke ranks with more than 20
major Wall Street firms on Friday, announcing it would pay  
$52.5 million to settle with Orange County over the
municipality's disastrous 1994 bankruptcy.

The settlement concludes all claims by the county against
CS First Boston related to the bankruptcy, including those
concerning the firm's sale of structured notes and reverse
repurchase agreements with the county.  The settlement
brings the county's total recoveries from litigation to   
about $126.5 million, said Thomas W. Hayes, the
representative appointed by  the federal bankruptcy court
to oversee the legal actions taken on behalf of the county
and some 200 local governments that invested in the
county's investment pools.

Besides the $52.5 million from CSFB, the $126.5 million
includes $53.5 million from a recent settlement between the
county and the law firm of LeBoeuf, Lamb, Greene & MacRae
and additional funds from Merrill Lynch's recent settlement
of criminal charges with the state district attorney.
(Reuters: Financial- 05/08/98 and Bond Buyer - 05/11/98)


PARAGON TRADE: P&G May File Up to $1 Billion More in Claims
-----------------------------------------------------------
According to a report in The Wall Street Journal on May 11,
1998, shares in Paragon Trade Brands, Inc. dropped 19% on
news that the diaper maker faces as much as $1 billion in
additional patent-infringement claims from Procter & Gamble
and Kimberly-Clark Corp.

Paragon said P&G has indicated that at least some of the
additional claims may be dropped, and Paragon CEO, Bobby
Abraham said the new claims are simply a bargaining tactic.


PARAGON TRADE: Panel Seeks To Prepare Plan With P&G
---------------------------------------------------
Stating that "the time for litigation is over; the time for
negotiation is overdue," the Paragon Trade Brands Inc.
creditors' committee has said it will begin negotiations
toward developing a reorganization plan with creditor
Procter & Gamble Co.  The panel argued that its goal to
formulate a plan by June 26 has answered the court's
challenge to "think out of the box," whereas Paragon is
"still plodding along" seeking an extension with a late
business plan and without an outline of a path to
confirmation.  (Federal Filings Inc. 11-May 98)


PEGASUS GOLD: Committee Supports Exclusivity Extension
------------------------------------------------------
The Official Committee of Unsecured Creditors of Pegasus
Gold Corporation and its affiliated companies, agrees that
there is cause to extend the debtors' exclusive periods.  
The Committee believes that the extension should be granted
as the best means to achieve a consensual plan, that the
debtors and the Committee have made significant progress,
and if not granted, the process could become litigious and
unduly expensive.


PINNACLE MICRO: Record Loss of $30 Million
------------------------------------------
Pinnacle Micro Inc. reported a record loss of $30 million
for 1997 and said if it couldn't get more time to
reorganize its finances, it might seek protection under
federal bankruptcy laws.  Poor sales and heavy losses
continue to dog Pinnacle Micro, the troubled maker of data-
storage devices. Its accountant, BDO Seidman, quit in
January after the company couldn't pay BDO Seidman without
breaching a debt agreement it worked out with creditors.

For the year, Pinnacle Micro's sales dropped 48 percent, to
$31 million, from 1996. Its losses widened 43 percent, to
$30 million.  For fourth quarter 1997, the company reported
a $6.5 million loss, double what was expected. That
compared with a loss of $3.9 million in the year-ago  
quarter. Sales dropped 85 percent, to $2.4 million.

Despite strong demand for the company's new 4x12 recordable
CD, first-quarter 1998 sales dropped 72 percent compared
with the year-ago quarter, to $4 million. Pinnacle Micro
narrowed its first-quarter losses, to $938,000,  
compared with a $4 million loss a year go.(Orange County
Register - 05/02/98)


QUADRAX CORPORATION: Net Loss of $10 Million in Fiscal '97
----------------------------------------------------------
In its most recent filing, FORM 10-KSB, with the SEC,
Quadrax Corporation reported a net loss from continuing
operations in fiscal 1997 of $10,463,000 increased by
$903,000 as compared to the fiscal 1996 loss of $9,560,000.  
This increase primarily resulted from a net loss from the
startup of the golf operation on the West Coast
approximating $1,791,000, and increased corporate costs of
approximately $854,000, and the write off of the 2nd
mortgage on the Portsmouth, Rhode Island facility amounting
to $250,000, offset by the favorable impact on net earnings
of $2,125,000 resulting from the disposition of Lion Golf.

Total revenues recognized during fiscal 1997 were
$13,968,000 as compared to $3,207,000 in fiscal 1996.  This
increase over fiscal 1996 of $10,761,000 results primarily
from the Company successfully completing its acquisition of
Victor Electric Wire & Cable Corp. ("Victor") in May of
fiscal 1997.  Victor's sales reflected in the fiscal 1997
period amounted to $11,446,000.  A second factor
contributing to the sales increase were the increased sales
of Quadrax Advanced Materials products of approximately
$1,000,000 in 1997.


ROASTERS CORP: Seeks Time to Assume or Reject Franchises
--------------------------------------------------------
Roasters Corporation and Roasters Franchise Corp., debtors,
are seeking an order extending the time to assume or reject
the franchise agreements, both domestic and international
to the effective date of any confirmed plan of
reorganization or an earlier date as may be set by the
court.  The debtors are also seeking an order authorizing
the debtors to amend the franchise agreement for the
interim period, and to require compliance therewith for
purposes of post-petition operations.

Franchisees operate approximately 70 restaurants within the
U.S. and 50 outside the U.S.  The interim agreement
provides that during the interim period, franchise fees for
the period from the Roasters' Commencement date to and
including April 30, 1998 shall be waived.  Commencing May
1, 1998 and continuing throughout the duration of the
interim agreement, franchisees shall pay Roasters royalty
fees in an amount equal to 2% of their respective gross
monthly sales.  In addition to royalty fees, franchisees
shall pay Roasters one-half of one percent of gross sales
for an "ad fund."


TOSHOKU AMERICA: Meeting of Creditors Continued
------------------------------------------------
The United States Trustee has continued the meeting of
creditors to May 27, 1998.


WESTERN PACIFIC: Judge Reaffirms WestPac Jet Ruling                       
---------------------------------------------------
U.S. District Court Judge John L. Kane Jr. has reaffirmed a
controversial  decision he made in March regarding the
rights of aircraft lessors and lenders  in the Western
Pacific Airlines ("Westpac") bankruptcy case.

In his latest ruling, issued last Friday, Kane urged
lessors who are unhappy with his decision to seek redress
from Congress. The judge noted that lessors claim his
original ruling "threatens the entire aircraft financing
industry."  These "sky-is-falling" arguments, Kane wrote,
"are better suited for the committee rooms and hallways of
Congress, where they may prevail precisely because of their
preponderance and pitch. My duty is to construe the law as
it is written."

In his original ruling of March 10, Kane said bankruptcy
law must properly balance the rights of companies that
leased WestPac planes with rights of the bankrupt carrier's
lender.  That lender, Smith Management Co., had contributed
more than $20 million towards the airline's recovery before
it suddenly halted any more significant funding of WestPac
in late January. The airline shut down Feb. 4.

Responding to the arguments of lessors, the judge said they
do not have the immediate and automatic right to seize
their aircraft following defaults on leases.  The law
preserves for lessors "the benefit of their bargain (with
the airline) under the leases either to receive payment or
retake possession of their aircraft," Kane wrote.  Lessors
claim that Kane's interpretation misreads bankruptcy law
and undermines their rights to quickly seize their planes
from a bankruptcy estate following a default. (Denver Post;
05/05/98)


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

May 18, 1998
   THE NEW YORK STATE BAR ASSOCIATION
      Continuing Legal Education Seminar:
      "The Bankruptcy Code and New York Matrimonial Law --
      Anticipating and Dealing with Insolvency in a
Divorce"
         Buffalo Hilton, Buffalo, New York
            Contact: 1-800-582-2452

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 28-30, 1998
   THE NEW YORK BAR ASSOCIATION
      Partnerships, LLCs, and LLPs: Uniform Acts, Taxation,
      Drafting, Securities, and Bankruptcy
         Seattle, Washington
            Contact: 1-800-CLE-NEWS

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
      14th Annual Bankruptcy & Reorganization Conference
         Grand Hyatt Hotel, San Francisco, California
            Contact 1-541-858-1665 or aia@ccountry.net

June 4-6, 1998
   AMERICAN LAW INSTITUTE-AMERICAN BAR ASSOCIATION
      Fundamentals of Bankruptcy Law
         Charleston Place, Charleston, South Carolina
            Contact: 1-800-CLE-NEWS      

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 23-25, 1998
   AMERICAN LAW INSTITUTE-AMERICAN BAR ASSOCIATION
      Chapter 11 Business Reorganizations (Advanced Course)
         Santa Fe, New Mexico
            Contact: 1-800-CLE-NEWS

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
  
September 17-20, 1998
   COMMERCIAL LAW LEAGUE OF AMERICA
      Midwest Mid-Year Meeting
         Oak Brook Hills Resort & Hotel
         Oak Brook, Illinois
            Contact: 1-616-372-6500

September 21-23, 1998
   STATES' ASSOCIATION OF BANKRUPTCY ATTORNEYS
      7th Annual States' Taxation and Bankruptcy Conference
         Hotel Santa Fe, Santa Fe, New Mexico
            Contact: 1-505-827-0728

September 25-26, 1998
   VIRGINIA CONTINUING LEGAL EDUCATION
      13th Annual Nid-Atlantic Institute on
      Bankruptcy and Reorganization Practice
         Boar's Head Inn, Charlottesville, Virginia
            Contact: 1-800-979-8253

October 8-10, 1998
   AMERICAN LEGAL INSTITUTE-AMERICAN BAR ASSOCIATION
      Real Estate Defaults, Workouts, and Reorganization
         Charleston, South Carolina
            Contact: 1-800-CLE-NEWS

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

April 26-27, 1999
   RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC.
      Bankruptcy Sales, Mergers & Acquisitions
         The Mark Hopkins, San Francisco, California
            Contact 1-903-592-5169 or ram@ballistic.com   

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


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Bond pricing, appearing each Friday, is supplied by DLS   
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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  * * *