/raid1/www/Hosts/bankrupt/TCR_Public/980518.MBX T R O U B L E D   C O M P A N Y   R E P O R T E R
     
     Monday, May 18, 1998, Vol. 2, No. 98                  

                  Headlines

CONSOLIDATED STAINLESS: Reports 1st Quarter Results
GARNET RESOURCES: Aviva Update On Garnet Merger Proposal                     
GAYLORD COMPANIES: Change of Corporate Officers
GREATE BAY: Order Authorizes Financial Advisor
GREATE BAY: Reports First Quarter Results

HARRAH'S JAZZ: Supreme Court Gives Go-Ahead
MERCURY FINANCE: Announces Restructuring Agreement
MOBILE ENERGY SERVICES: Standard & Poor's Lowered Rating
MONTGOMERY WARD: Seeks Authority to Hire Troop Meisinger
POWER DESIGNS INC: Insurance Premium Agreement Approved

SOUTHEAST BANKING: Trustee to Distribute Up to $115 Million
SUNBELT NURSERY: Meeting of Creditors and Bar Date Set
THERMADYNE HOLDINGS: Standard & Poor's Raised Rating
ULTRAFEM: Houlihan Lokey Howard & Zukin Capital Hired
UNIQUE GEMS: Hotel to Turn into Courtroom

VOICE POWERED TECHNOLOGY: Completes Reorganization
WESTMORELAND COAL: Hearing on Disclosure Statements
DLS CAPITAL PARTNERS: Bond Pricing for Week of May 11

                  *********

CONSOLIDATED STAINLESS: Reports 1st Quarter Results
---------------------------------------------------
Consolidated Stainless Inc. announced results for  
its first quarter of 1998.  Net sales declined 53.7 percent
to $6.2 million for the three months ended March 31, 1998
from $13.4 million for the comparable period in 1997. A net
loss  of $2.4 million was incurred for the first quarter of
1998 as compared with a net loss of $0.8 million for the
same period in 1997. On a per share basis, the  net loss
for the first quarter of 1998 was $0.52 as compared with a
net loss of  $0.17 for the first three months of 1997.

"This first quarter loss was primarily due to the following
factors: a decline in sales, reorganization costs
associated with the company's Chapter 11 filing with the
U.S. Bankruptcy Court in Delaware on December 15, 1997, no  
income tax benefit for 1998 and higher per unit
manufacturing costs, as the company operated with minimal
production while it attempted to sell both its  pipe and
tube manufacturing operations," stated Ronald J. Adams,
president.

The company is in default of certain covenants included in
its post-petition financing agreement. The lender may
exercise its rights and remedies under this agreement,
including but not limited to, an immediate termination of
the line of credit. While the lender has not at the present
time chosen to seek such remedy, there is no guarantee that
no such action will be taken.  In separate motions, the
United States Trustee and the Official Committee of
Unsecured Creditors have moved the Bankruptcy Court for
the appointment of a trustee to operate the company's
business. These motions are pending.


GARNET RESOURCES: Aviva Update On Garnet Merger Proposal                     
--------------------------------------------------------   
On April 16, 1998 Aviva Petroleum Inc. signed a letter of
intent to merge with Garnet Resources Corporation, pursuant
to which Garnet's $15 million of subordinated debentures
will be canceled and its bank debt, along with Aviva's
existing bank debt, will be refinanced through a proposed
$15 million credit facility that the Company has requested
ING Capital to provide.  In addition to refinancing  
the existing bank debt, this proposed new credit facility
is expected to supplement the Company's working capital
and, to the extent not funded by cash flow from operations,
fund the Company's remaining estimated capital  
expenditures for 1998.

The two companies are currently finalizing documentation of
the merger, including completion of negotiations, execution
and delivery of the definitive Agreement and Plan of
Merger, Debenture Purchase Agreement, Limited Partnership
Interest Purchase Agreement and the proposed new credit
facility with ING Capital.  Approval by shareholders of
both Aviva and Garnet is required to consummate the merger,
and a Proxy Statement is expected to be filed soon with  
the Securities and Exchange Commission.

While it is expected that the merger will be completed
substantially as planned, there are no assurances that this
will be the case.  Should the parties be unable to complete
the merger, then, in the absence of another business
transaction or debt restructuring, Garnet may have to seek
bankruptcy protection or pursue other alternatives, any of
which could have a material  adverse effect on Aviva's
consolidated financial condition. If Garnet cannot fund its
obligations, Aviva may be required to accept an assignment
of its Colombian interests and assume those funding
obligations. Aviva itself has experienced significant
losses which have resulted in recurring noncompliance  with
the minimum consolidated tangible net worth covenant and
debt repayment  schedule under its existing credit
agreement with ING Capital.  In the past, ING Capital has
amended or waived compliance when the Company has been
unable  to meet such covenants.  There is no assurance
that ING Capital will continue  to make similar concessions
in the future.

    
GAYLORD COMPANIES: Change of Corporate Officers
-----------------------------------------------
Effective immediately, prior to the making of the first
revolving credit advance under the DIP financing provided
to The Cookstore, Inc. and The Cookstore Worthington, Inc.
by Fremont Financial Corporation, the employment of John
Gaylord, George Gaylord and Janet Gaylord Goodburn with
Gaylord Companies, Inc., The Cookstore, Inc., and The
Cookstore Worthington, Inc. has been terminated.  They have
also resigned any and all positions and capacities as a
director of any and all of the debtor companies.

John Critser has been named President, Vice President and
Treasurer, and Greg Dukoff has been named Secretary, of
each of Gaylord Companies, Inc., The Cookstore, Inc. and
The Cookstore Worthington, Inc.

John Critser will continue will continue as a member of the
Board of Directors of each of the companies and Greg Dukoff
and David Danovitch, each associated with Cambridge
Holdings, LLC andor Home Retail Acquisition Corporaation,
an affiliate of Cambridge have been elected members of the
Boards of Directors of each of Gaylord Companies, Inc., The
Cookstore, Inc and The Cookstore Worthington, Inc.,
effective as of the resignation of the the Gaylords.

GREATE BAY: Order Authorizes Financial Advisor
----------------------------------------------
The court entered an order authorizing the debtors, Greate
Bay Hotel and Casino, Inc., GB Holdings, Inc., and GB
Property Funding Corp., to retain Chanin and Company LLC as
financial advisors to the debtors.


GREATE BAY: Reports First Quarter Results
-----------------------------------------
Greate Bay Casino Corporation today reported a net income
of $2.3 million, or $.44 per share, for the first quarter
of 1998 compared to a net loss of $2.4 million, or $.47 a
share for the first quarter of 1997.  The increase resulted  
primarily from the suspension of interest on indebtedness
(approximately $5.5 million) as a result of the Chapter 11
filing of the Company's primary property, the Sands(R)
Hotel & Casino in Atlantic City, New Jersey.  The  
increase was partly offset by a $1.8 million decrease in
management fees earned  as a result of the 1997 sale of a
San Juan, Puerto Rico, property which was managed by the
Company.

The Sands filed for relief under Chapter 11 of the United
States Bankruptcy Code on January 5, 1998, and accordingly,
because Greate Bay's control over the Sands is subject to
supervision of the United States Bankruptcy Court for the  
District of New Jersey, and because Greate Bay does not
expect to be in control  of the Sands after reorganization,
the 1998 operations of the Sands are  reported under the
equity method of accounting. Consequently, the separate  
company revenues and expenses of the Sands are not included
in the consolidated  revenues and expenses of Greate Bay
for the first quarter of 1998.

The Sands bankruptcy filing created a default and
acceleration of the Company's 11-5/8%, $85 million Senior
Note issue.  The Company is currently involved in
negotiations to restructure these notes with bondholders
who control over 90% of the note issue.  On May 11, 1998,
the Bankruptcy Court* extended the exclusive period
of the  Sands to file a plan of reorganization for 90 days.

Consolidated net revenues for the first quarter of 1998
amounted to $2.4 million compared to pro forma net revenues
of $3.6 million for the first quarter of 1997 due to the
decrease in management fees.  The Sands reported net income
of $2.6 million for the first quarter of 1998  compared to
a net loss of $3.3 million for the first quarter of 1997
due to the  previously described suspension of interest.

Although net revenues decreased $7.6 million to $55.6
million for the first quarter of 1998 compared to $63.2
million for the same period of 1997, aggressive control of
costs reduced operating expenses to $45.2 million in 1998
compared to $52.5 million in 1997.  As a result, the Sands
earnings before interest, taxes, depreciation and
amortization (EBITDA) and before reorganization costs
related to its bankruptcy proceedings was essentially flat  
at $7.5 million for the first quarter of 1998 compared to
first quarter 1997  EBITDA of $7.4 million.


HARRAH'S JAZZ: Supreme Court Gives Go-Ahead
-------------------------------------------
A contract to revive the long-stalled New Orleans land  
casino does not need approval of the Leislature or the
governor, the Louisiana  Supreme Court said in a ruling
that could clear the way for completion of  the project.

The high court, in a 6-1 ruling, sided with the state
attorney general and the administration of Gov. Mike
Foster, who contended that only approval from the Louisiana
Gaming Control Board was needed for the renegotiated pact
with Harrah's Jazz Co.

In its ruling, the high court said all regulatory functions
of the now-defunct Louisiana Economic Development and
Gaming Corp., which once regulated the casino, were
transferred by the Legislature to the Gaming Control Board
in 1996.  Those powers included the authority to
renegotiate and execute a contract with the casino owner,
the court said.  The ruling, in effect, upheld the ruling
of state District Judge Janice Clark of Baton Rouge. It
reversed a ruling of the 1st Circuit Court of Appeal that
said the Legislature could block the contract before it
went into effect.

The high court also said that any motion for it to
reconsider the decision would have to be made within 72
hours.  In a dissent, Justice Jeannette Knoll said the
casino pact was clearly a new contract under state law and
subject to legislative approval.  Harrah's Jazz Co. has
been in federal bankruptcy protection since November 1995
when it closed its temporary casino and stopped
construction of its permanent casino located across the
street from the French Quarter.

The latest contract was reached after Harrah's
Entertainment Inc., the casino's primary partner, agreed to
the governor's demand for a guarantee of its $100 million
annual tax payment in case the casino opened and closed
again.


MERCURY FINANCE: Announces Restructuring Agreement
--------------------------------------------------
Mercury Finance Company announced that it has entered into
an agreement with substantially all of its senior lenders
and with its subordinated debt holder providing for the  
financial restructuring and recapitalization of the
company.  The agreement contemplates that the restructuring
will be implemented under a prestructured plan of
reorganization to be filed in the federal bankruptcy court
within the next 60 days.

"By significantly reducing the debt of the company, the
contemplated restructuring will provide Mercury Finance
with a sound financial platform from  which to operate its
business and return to profitability," said William A.  
Brandt, Jr., president and chief executive officer of
Mercury.  "The restructuring is also intended to relieve
the company of the burdens of the securities lawsuits
facing it.  The present debt structure and the ongoing  
securities litigation have placed severe burdens on the
company's ability to operate successfully.  Shareholders
also will have an opportunity to participate under the
restructuring by being granted warrants to acquire a  
limited equity interest in the reorganized Mercury.  The
warrants will initially be out of the money."

The company intends within the next 60 days to file for
relief under chapter 11 of the bankruptcy code for the
purpose of confirming and implementing today's agreement.  
At the same time, the company will file a plan  of
reorganization with the bankruptcy court.

None of the company's operating subsidiaries will be
included in the chapter 11 case to be filed by the parent
holding company.  As a result, all trade debt and dealer
contracts will remain unimpaired and will continue to
be paid in the ordinary course without interruption.  The
company and its subsidiaries will continue to be vigorous
and active participants in the sub-prime lending
marketplace.  The agreement contemplates that the company's  
operations at all levels will remain unaffected by the
implementation of this restructuring agreement.

If the plan is approved by the court, the company's
creditors and interest holders will receive the following:

The company's senior lenders will receive new senior
secured notes equal to 75 percent of the face value of
their then current claims. The senior lenders will also
receive all the initial equity in the reorganized company.

The holders of the subordinated notes will receive $22.5
million in new junior unsecured subordinated notes.  The
shareholders and the securities class action claimants, as
a combined group, will receive three series of warrants,
each series exercisable for five percent of the common
stock of the restructured company, with expiration dates of
three, four and five years, respectively, from approval of
the plan. The exercise prices will be set at increasing
levels.  The first series will contain an exercise    
price reflective of a market price for the common stock
which results in the senior lenders having received total
value from both common stock and senior secured notes equal
to 100 percent of their claims on the effective date of the
plan.  The second and the third series will contain
exercise prices reflective of a market price for the         
common stock which translates into a 10 percent and 20
percent premium, respectively, of the total amount of such
claims. Consequently, it is anticipated that the exercise
prices of the warrants will be significantly in excess of
the initial market price of the common stock of the
restructured company.

All shareholders as of May 14, 1998 shall have the right to
purchase their pro rata amount of the senior lenders' debt
at a price, in  cash, equal to 98.5 percent of the senior
lenders' claims, subject to specific provisions detailed in
the restructuring agreement.  All parties will retain their
rights to pursue direct claims against third parties other
than the company and certain of its officers and directors.
The company will continue in its search for a permanent
CEO. The new board of directors will be nominated by the
steering committee of the senior lenders.

In connection with the restructuring agreement, the company
and its lenders agreed to extend the existing forbearance
agreement to July 15, 1998. Under the extended forbearance
agreement, the company will continue to keep interest
payments current and will make periodic payments to reduce
the principal of the outstanding debt as cash flow permits.  
In addition, the company will pay a forbearance fee of
approximately $16 million to those senior lenders who
have  executed the amended forbearance agreement.  In
return, the lenders have agreed not to take action against
the company while the forbearance agreement is in effect,
subject to the terms thereof.

Mercury reported a net loss of $1.5 million or $0.01 per
share for the first quarter of 1998, ended March 31.
The first quarter 1998 loss compares to a loss of $33.2
million or $0.19 per share in the 1997 first quarter, which
included a charge of $29.5 million or $0.17 per share from
the loss on the sale of the Lyndon Insurance subsidiaries.

Results from operations improved to a profit of $812,000 in
the first quarter of 1998 from a loss of $676,000 in 1997.  
Operating results in 1997 included operating profits from
the Lyndon Insurance Group, which was sold on June 3, 1997.
According to company sources, the reason for the
improvement in results for the first quarter of 1998 is the
result of a significantly lower provision for finance
credit losses, which more than offset the decline in
finance charge income.  The 1998 provision for finance
credit losses benefited from a decrease in the size of the
portfolio as well as an improvement in its relative  
delinquency.


MOBILE ENERGY SERVICES: Standard & Poor's Lowered Rating
--------------------------------------------------------
Standard & Poor's lowered its rating on Mobile Energy
Services Co. L.L.C.'s bonds to triple-'C' from triple-'B'-
minus.  The rating was removed from CreditWatch where it
was placed May 5, 1998.  The outlook is stable.

This action reflects the high likelihood of a bond default
following Kimberly-Clark Corp.'s announcement on May 5,
1998 to shut down its pulp mill  in Mobile, Ala. in
September 1999.  

Mobile Energy Services, a wholly owned subsidiary of the
Southern Co., operates an energy complex that derives about
8085% of its fuel requirement and 50% of its revenue from
the Kimberly-Clark's pulp mill pursuant to the Pulp Mill
Energy Services Agreement (PMESA).  The shutdown of the
pulp mill and the resulting cash flow shortfall will likely
cause severe financial difficulties for Mobile Energy
Services.

If the pulp mill shuts down and the PMESA terminates in
September 1999 as described in Kimberly-Clark's
announcement, Mobile Energy Services will continue to
receive demand payments from the pulp mill until March
2000.  If Mobile Energy Services cannot reinstate the PMESA
with identical terms or enter into an alternative agreement
that substantially replaces the pulp mill revenue  by March
2000, there will not be adequate cash flow to service debt
payments  shortly thereafter.

Mobile Energy Services is currently exploring alternatives
to maintain the company's financial viability.  Standard &
Poor's will assess Mobile Energy Services' proposals and
report on their credit implication for this debt.    


MONTGOMERY WARD: Seeks Authority to Hire Troop Meisinger
--------------------------------------------------------
The Debtors are seeking authorization to employ Troop
Meisinger Steuber & Pasich, LLP as their Special Counsel,
nunc pro tunc as of February 1, 1998.

The Debtors inform the Court that Troop Meisinger is a Los
Angeles law firm with over 130 attorneys practicing in
different areas of the law.  Their practice includes, among
other areas, environmental insurance coverage litigation.  
Tropp Meisinger and some of its partners have substantial
environmental coverage experience and have successfully
represented parties in numerous environmental coverage
cases.

Troop Meisinger also acquired knowledge and understanding
of the Debtors' environmental insurance program and the
underlying environmental claims, when, in 1995, they
started representing the Debtors in this area of the law
as co-counsel with the Chicago law firm of Hedlund Hanley &
John in the Superior Court in Los Angeles, California.

Troop Meisinger will charge for its legal services on an
hourly basis in accordance with its ordinary and customary
hourly rates in effect on the date the services are
rendered.

Troop Meisinger has not provided services valued in excess
of the $25,000 threshold set in this Court's Order
Authorizing the Retention, Employment and Payment of
Certain Professionals in the Ordinary Course of Business.  
However, due to an upcoming trial, Troop Meisinger
anticipates that its work for the Debtors will increase and
it will no longer qualify as an ordinary course
professional.

The current hourly rates of Troop Meisinger's
professionals range from $145 to $300.   


POWER DESIGNS INC: Insurance Premium Agreement Approved
-------------------------------------------------------
Judge Albert S. Dabrowski entered an order authorizing the
debtors Power Designs, Inc. and PDIXF Acquisition Corp. to
enter into an insurance premium finance agreement with
AICCO, Inc.  In the event the debtors default under the
terms of the Agreement, AICCO has the right to cancel the
policies listed in the Agreement and to apply the unearned
or return premiums to the account of the debtors.


SOUTHEAST BANKING: Trustee to Distribute Up to $115 Million
-----------------------------------------------------------
The trustee for Southeast Banking Corp. today announced his
intention to make a fourth distribution of as much as  $115
million to creditors in the company's Chapter 7 bankruptcy
case.

With the proposed distribution taking place as early as
July, most of the proceeds will go to the holders of
subordinated bonds issued by Southeast over a period of
several years prior to the bankruptcy filing.

The trustee stated that as much as $100 million of the
proposed distribution will come from a combination of cash
on hand in the bankruptcy estate and money to be paid into
the estate from the Receivership of Southeast Bank, N.A.
The distribution may also include up to $15 million from an
anticipated federal tax refund.

The bankruptcy estate has already made or commenced three
prior interim distributions to creditors and bondholders
totaling approximately $201 million.  This fourth
distribution would leave sufficient funds in both the
Receivership and the bankruptcy estate to pay disputed
claims, anticipated costs of administration and litigation
and a further distribution to creditors at a later date.


SUNBELT NURSERY: Meeting of Creditors and Bar Date Set
------------------------------------------------------
The Meeting of Creditors in the case of Sunbelt Nursery
Group, Inc. and its affiliated companies is set for June 3,
1998.  The deadline to file a proof of claim is August 3,
1998.


THERMADYNE HOLDINGS: Standard & Poor's Raised Rating
----------------------------------------------------
Standard & Poor's raised its corporate credit rating on
Thermadyne Holdings Corp. to single-'B' from single-'B'-
minus. At the same time, Standard & Poor's raised its
ratings on the firm's senior notes due 2002 and senior
subordinated notes due 2003 to triple-'C'-plus from triple-
'C'.  This action affects $122 million in securities.  The
outlook is stable.  

At the same time, Standard & Poor's assigned its triple-
'C'-plus ratings to $95 million of senior discount
debentures due 2008 to be issued by the firm and to $205
million of senior subordinated notes due 2008 to be issued
jointly by Thermadyne MFG. LLC and Thermadyne Capital
Corp., subsidiaries of THC. Standard & Poor's also assigned
its single-'B' corporate credit rating to Thermadyne Mfg.
LLC and Thermadyne Capital Corp.  In addition, a single-'B'  
rating was assigned to Thermadyne Mfg. LLC's $430 million
bank credit facilities.  Proceeds from the newly rated debt
along with the bank facility and cash will be used to
finance the $790 million purchase of THC by DLJ Merchant
Banking Partners II L.P. (DLJ), which includes the
redemption of the existing public debt.  

The upgrades reflect a somewhat improved but still below
average business position that is sufficient to offset a
significant increase in debt levels. Since emergence from
bankruptcy in 1994, management has shed non-core
assets  and shifted to a more focused growth strategy
through a series of acquisitions  that broadened the
product line and increased the size of the company while  
also improving geographic diversity.  Still, the leveraged
purchase by DLJ  raised pro forma borrowings by $335
million, or almost double the actual year- end 1997 level.  

The St. Louis, Mo.-based firm's ratings reflect a business
position that benefits from relatively stable operating
performance, along with a weak financial profile.  
Thermadyne's businesses occupy solid market positions in  
the manufacture of a wide variety of cutting and welding
equipment.  Markets are competitive, cyclical, and mature.  
Although product diversity is limited, a very broad range
of end-users as well as the sale of consumables, accounting  
for 40% of revenues, partially mitigate the effects of
business cycles on profit margins.  The company is expected
to grow through acquisitions, especially outside of the
U.S.  


ULTRAFEM: Houlihan Lokey Howard & Zukin Capital Hired
-----------------------------------------------------
The Official Creditors Committee of Ultrafem, Inc.
announced that it has retained the investment banking firm
of Houlihan Lokey Howard & Zukin Capital to assist  the
Company in locating a buyer and closing a prompt sale.  The
Company is supporting the sale process, and has indicated
it will fully cooperate with Houlihan Lokey.  Houlihan
Lokey is targeting a sale "free and clear" within the
next 30 to 60 days.


UNIQUE GEMS: Hotel to Turn into Courtroom
-----------------------------------------
The Court-appointed receiver in the Unique Gems Int'l case,
which the state of Florida and the Receiver claim was a
ponzi scheme, advises the media that the James L. Knight
Center at the Hyatt Hotel in downtown Miami will be turned  
into a temporary courtroom for a hearing on Monday, May
18th at 10 a.m. because of the possibility of several
thousand claimants appearing.  This hearing is to consider
the Receiver's Omnibus Objection to Principal
and Profit Claims.

Up to 4,700 assemblers are seeking the profits promised by
Unique Gems. Since the receiver is unsure of how many will
attend, the venue has been changed to the James L. Knight
Center at the Hyatt Hotel.  Mr. Freeman opposes their
request believing that defrauded investors are not entitled
to recover lost profits.


VOICE POWERED TECHNOLOGY: Completes Reorganization
--------------------------------------------------
Voice Powered Technology International, Inc. announced that
its Amended  Plan of Reorganization and Disclosure
Statement was confirmed by the United States Bankruptcy
Court, Central District of California on April 29, 1998 and
became effective on May 12, 1998.

In accordance with the terms of the Plan, the following
events occurred on May 12, 1998: 1) The Company received a
five year loan of $350,000 from Franklin Electronic
Publishers Inc. to create a fund to be dedicated to the
payment of pre-petition creditor claims and certain  
administrative expenses of the bankruptcy proceedings; 2)
The 500,000 shares of  Company's outstanding convertible
preferred stock were converted into 2,000,000  shares of
the Company's common stock; and 3) Franklin was issued
72,196,288  shares of the Company's common stock, which
equated to an 80% equity interest  in the Company, in
exchange for Franklin's pre-petition secured claim.

Except for the historical information contained herein, the
matters discussed in this news release are forward-looking
statements that involve risks to and uncertainties in
VPTI's business that may be detailed from time to
time in the Company's reports filed with the Securities and
Exchange Commission.

WESTMORELAND COAL: Hearing on Disclosure Statements
---------------------------------------------------
A hearing on the adequacy of the Disclosure statements
filed by both the debtors and the UMWA Claimants has been
previously set and noticed for June 11, 1998.  

The court authorized a Brief in reply to the objection
filed by UMWA 1992 Benefit Plan and its trustees, the UMWA
Combined Benefit Fund and its trustees, and the UMWA 1974
Pension Plan and its trustees to the application of Stutman
Treister & Glatt, counsel to Westmoreland Coal for the
approval of their fees and expenses.


DLS CAPITAL PARTNERS: Bond Pricing for Week of May 11
-----------------------------------------------------
Following are indicated prices for selected issues:

Amer Telecasting 0/14 1/2 '04                 24 - 26
Asia Pulp & Paper 11 3/4 '05                  84 - 86
APS 11 7/8 '06                                17 - 19(f)
Boston Chicken 7 3/4 '04                      43 - 45
Brunos 10 1/2 '05                             22 - 23 (f)
CAI Wireless 12 1/4 '02                   21 1/2 - 22 1/2
Cityscape 12 3/4 '04                          46 - 48(f)
E&S Holdings 10 3/8 '06                   81 1/2 - 83 1/2
Grand Union 12 '04                            58 - 59(f)
Greate Bay 10 7/8 '04                         86 - 87
(f)Harrah's Jazz 14 1/4 '01                   30 - 32(f)
Hechinger 9.45 '12                            79 - 80
Hills 12 1/2 '03                              96 - 97
Levitz 9 5/8 '03                              49 - 51 (f)
Liggett 11 1/2 '99                            74 - 76
Mobilemedia 9 3/8 '07                         18 - 21(f)
Penn Traffic 9 5/8 '05                        47 - 48
Royal Oak 11 '06                              79 - 82
Service Merchandise 9 '04                     78 - 79
Trump Castle 11 3/4 '03                       92 - 93 1/4
Zenith 6 1/4 '11                              38 - 40

                  *********
The Meetings, Conferences and Seminars column appears
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Bond pricing, appearing each Friday, is supplied by DLS   
Capital Partners, Dallas, Texas.  

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