TCR_Public/980710.MBX T R O U B L E D   C O M P A N Y   R E P O R T E R
      
       Friday, July 10, 1998, Vol. 2, No. 134
                    
                  Headlines

ALLIANCE ENTERTAINMENT: Earnings for Month Ended May 31
BOCA RESEARCH: Reports Purchase of Assets
CALDOR: Seeks to Reject Leases
CHERRY COMMUNICATIONS: Court Extends Exclusivity to Oct. 20
DOW CORNING: Many Claimants Disappointed at Return

EAGLE PICHER: Quarterly Report
EMERGENT GROUP: Annual Meeting of Shareholders
EMERGENT GROUP: New $200 Million Credit Facility
ESSEX CORPORATION: Replaces Arthur Andersen
GANTOS: Announces 14 Percent Decrease in Sales

GRANT GEOPHYSICAL: Files Subscription Offering Prospectus
HONDO OIL: Not Trading on American Stock Exchange
HOPE: October 5 Bar Date
KOO KOO ROO: Details Merger With Family Restaurants
MEDICAL RESOURCES: Annual Meeting Announced

MOBILEMEDIA: Announces Sale of 163 Transmission Towers
NIAGRA MOHAWK: NYSEG Tells of Secret Negotiations
NIKE: Victim of Bad PR?
PAYLESS CASHWAYS: New Management Set For New Focus
PORTACOM WIRELESS: Consummates Sale of Stock

U.S. LEATHER: Court Confirms Prepackaged Plan
WASTEMASTERS INC: Files Quarterly Report

DLS CAPITAL PARTNERS: Bond Pricing for Week of July 6

                   *********

ALLIANCE ENTERTAINMENT: Earnings for Month Ended May 31
-------------------------------------------------------
On July 6, 1998, Alliance Entertainment Corp. announced its
earnings for the month ended May 31, 1998.  The Company  
reported a consolidated net loss of $7.2  million  on net  
sales of $22.9  million.  The reported loss includes $2
million in interest and reorganization expenses,  $3.9
million in losses from its unconsolidated operations,
including Castle Communications, and $1 million in losses
from its non-core  businesses.


BOCA RESEARCH: Reports Purchase of Assets
-----------------------------------------
On June 18, 1998, Boca Global, Inc., a Florida corporation
and a wholly owned subsidiary of Boca Research, Inc., a
Florida corporation completed the purchase of all of the
assets of Global Village Communication, Inc. relating to
Global Village's modem business for $10 million in cash and
notes, plus the assumption of certain liabilities. In
accordance with the terms of the Asset Purchase
Agreement dated as of March 31, 1998 among the Company,
Boca Global and Global Village, on the closing of the
transaction, Boca Global paid Global Village $4
million in cash and issued Global Village a promissory note
in the principal amount of $6 million (the "Note").

The cash portion of the purchase price was paid from the
Company's existing cash balances. Boca Global is required
to pay the principal amount of the Note in two equal
installments of $3,000,000 on September 30, 1998 and
December 31, 1998. No interest accrues on the Note unless
Boca Global defaults on its obligations thereunder, in
which case interest accrues at the annual rate of 10%. Boca
Global assumed approximately $9.8 million in liabilities of
Global Village in connection with the transaction.


CALDOR: Seeks to Reject Leases
------------------------------
Having determined that continued operation of their retail
stores located
at:

        * Clinton Crossing, Clinton, Maryland
        * Golden Ring Mall, Baltimore, Maryland
        * Cranberry Mall, Westminster, Maryland
        * Aviation Mall, Glens Falls, New York
        * Colvin Plaza, Albany, New York
        * 6417 Marlboro Pike, Forestville, Maryland

the Debtor, conducted going-out-of-business sales at these
stores from March through May, 1998.  

The Debtors now seek the Court's authority to reject these
6 leases.  The Debtors tell the Court that Keen Realty has
advertised and marketed the leases extensively, without
success.  The Debtors believe the rejection of these 6
leases is in the best interests of their estates and
creditors. (Caldor Bankruptcy News 8-July-98)


CHERRY COMMUNICATIONS: Court Extends Exclusivity to Oct. 20
-----------------------------------------------------------
The court extended Cherry Communications Inc.'s exclusive
period to solicit acceptances to its proposed
reorganization plan through Oct. 20.  The
telecommunications wholesaler argued that terminating
exclusivity at this stage in the case would serve no
purpose and instead risk "the splintering effect of
competing plans" as well as "deprive the Debtor of the full
range of Chapter 11 benefits."  The creditors' committee,
however, had objected, claiming that "there is nothing to
suggest that the presence of a competing plan would not be
fair." (Federal Filings Inc. 8-July-98)


DOW CORNING: Many Claimants Disappointed at Return
--------------------------------------------------
Dow Corning Corp. agreed to pay out $3.2 billion to settle
claims over its breast implants as part of a bankruptcy
reorganization, but many women believe that the return for
individual claimants is low.  The deal would affect the
170,000 women who have filed claims against Dow  
Corning - once the world's largest maker of silicone gel
breast implants -- alleging the products cause connective
tissue illnesses and other problems.

The average payment would be about $31,000, according to
people familiar with the deal. Dow Corning had proposed
compensation from $1,000 to $200,000, although most
payments are expected to range from $12,000 to $60,000,
depending on the nature of the illnesses.

Dow Corning will pay $5,000 to women who want to remove
their implants and $25,000 in cases where the implants have
ruptured, people familiar with the plan said.

U.S. Bankruptcy Court Judge Arthur Spector, in an order
issued on Wednesday, said the deal provided options similar
to the Revised Settlement Plan, or RSP, an umbrella
agreement reached in 1995 with several other makers  
of the products.  In the Dow Corning pact, the company will
pay up to 20 percent more than the RSP to make sure claims
can be paid at a faster rate. A trust set up to  
administer the payouts will operate for 16 years.

Claimants can qualify for more than one settlement option,
and women who do not want to accept the settlement still
have the option of suing the company in court.
Dow Chemical's stock rose 44 cents to $97.19, while Corning
fell 12.5 cents  to $35.125, both in late composite New
York Stock Exchange trading.

Bankruptcy Judge Arthur J. Spector, Bay City, Mich., has
given Dow Corning Corp. and attorneys for women with breast
implants until August 20 to finalize details of the $3.2
billion bankruptcy reorganization plan (Reuters: Financial-
07/08/98 and The Wall Street Journal 7-July-98)


EAGLE PICHER: Quarterly Report
------------------------------
Eagle Picher Industries Inc. filed a Form 10-Q/A with the
SEC, for the quarter ended May 31, 1998. A full-text copy
of the filing is available via the Internet at:

     http://www.sec.gov/Archives/edgar/0000950152-98-
005836.txt


EMERGENT GROUP: Annual Meeting of Shareholders
----------------------------------------------
On June 10, 1998, at Emergent Group, Inc.'s  1998
Annual Meeting of Shareholders, shareholders owning a
majority of the Company's issued and outstanding common
stock as of April 23, 1998 approved a proposal to
change the Company's name to "HomeGold Financial, Inc." The
corporate name change became effective as of 12:01 a.m.,
Eastern Daylight Savings Time, on July 1, 1998. Articles of
Amendment effecting the Company's name change were filed
with the Secretary of State for the State of South Carolina
on June 24, 1998.  The Company's common stock began trading
on The Nasdaq Stock Market under the ticker symbol "HGFN"
effective as of the opening of The Nasdaq Stock Market on
July 1, 1998.


EMERGENT GROUP: New $200 Million Credit Facility
------------------------------------------------
Emergent Group, Inc. announced on June 30, 1998, that
its wholly-owned subsidiaries HomeGold, Inc. and Carolina
Investors, Inc. have obtained a new $200 million mortgage
loan warehousing credit facility. The new credit facility
has a three year term and replaces HomeGold's previous
mortgage loan warehousing credit facility, which
matured on June 30, 1998. The CIT Group/Business Credit,
Inc. is the administrative agent under the new credit
facility. The Company and its direct and indirect
subsidiaries Sterling Lending Corporation and Emergent
Mortgage Corp. of Tennessee are guarantors under the new
credit facility.


ESSEX CORPORATION: Replaces Arthur Andersen
-------------------------------------------
Effective  June 22, 1998, Essex  Corporation selected
Stegman & Company as its principal accountants to
audit the Company's  financial  statements  for the 1997
fiscal year. Stegman & Company is replacing Arthur  
Andersen LLP as the Company's principal  accountants.  
Arthur  Andersen LLP had been the Company's auditors since
1992 but was dismissed for business  considerations
entirely unrelated to accounting standards or practices.


GANTOS: Announces 14 Percent Decrease in Sales
----------------------------------------------
Gantos, Inc. (Nasdaq: GTOS) today announced net sales for
the five week period ended July 4, 1998 of $12.1  
million, a decrease of 14 percent from the same period a
year ago.  Net sales for stores open throughout both
periods also decreased 14 percent.

Net sales for the twenty-two week period ended July 4,
1998, were $61.8 million, a decrease of 15 percent from the
same period a year ago.  Net sales for stores open
throughout both periods also decreased 15 percent.

Gantos today announced that it has entered into an
amendment to its credit agreement with Fleet Bank N.A.,
based on a letter of credit-backed guaranty issued to Fleet
by a nationally known inventory appraiser.  
The overall effect of the amendment is to provide Gantos  
with greater access to its loan availability, which in turn
will allow Gantos to have additional liquidity to
finance its operations under the Fleet  facility, until the
earlier of October 13, 1998 or the consummation of the  
previously announced merger with HOM Holding and Hit or
Miss which is expected  to be consummated on or about
August 31, 1998.

In addition, the Company today announced that the 30-day
waiting period for the review of the merger by the Federal
Trade Commission and the Antitrust Division of the
Department of Justice expired on July 4, 1998.  The
expiration of the waiting period was a condition to the
closing of the merger.


GRANT GEOPHYSICAL: Files Subscription Offering Prospectus
---------------------------------------------------------
Grant Geophysical Inc. filed a Subscription Offering
Prospectus with the SEC. Elliott Associates, L.P. and
Westgate International, L.P. are offering for sale
3,393,769 shares of Common Stock, par value $.001 per share
of Grant Geophysical, Inc. in a subscription offering to
Eligible Subscribers. The Subscription Offering is being
made pursuant to the Second Amended Plan of Reorganization
of the Company's predecessor, GGI Liquidating Corporation.
A full-text copy of the filing is available via the
Internet at:
     http://www.sec.gov/Archives/edgar/0000898430-98-
002533.txt


HONDO OIL: Not Trading on American Stock Exchange
-------------------------------------------------
Hondo Oil  & Gas Company announced that  that its  shares
will  no longer  be traded  on the  American  Stock
Exchange  as the  Company  has withdrawn its appeal of the
Exchange's delisting decision.  Instead, its shares have  
begun trading  over-the-counter on  the electronic  
bulletin board under the symbol HOGL.  The Company has been
informed that one or more brokers will make a market in the  
Company's stock, although they are not  obligated to do so  
and may discontinue making a market at any time.

In April 1998 the Company announced that the rate of  
decline in production from its Opon No. 3 and Opon No. 4
gas wells in Colombia had been higher than expected during
the first five months of production. Recent testing of  the
wells  is  complete.   An analysis of  the  test results  
by the  Company's independent  reserve engineers  has  
concluded that it  will become uneconomic  (operating costs  
will exceed  operating revenues) to  produce the wells
before  the end of  fiscal 1998 and  that the drilling  of
additional wells  would be uneconomic  (net profit  over
the life of a new well would be less than the cost to drill
it).

In its annual report for the year ended  September  30,  
1997,  the Company reported proved reserves  of 52.5
billion cubic  feet of natural gas and 1.9 million  barrels
of associated liquids,  for which the present value of net  
cash flows was  $16.0 million.  As a result of the  
significant declines  in production  observed since  
December 1997  and the  recently completed  testing,  
proved  reserves  as  of  April  30,  1998  are  now
estimated to be  0.7 billion cubic feet of  natural gas and
0.03  million barrels of associated  liquids, for which the  
present value of net cash flows is less than $0.1 million.

The Company is considering its available alternatives in  
light of its current financial  situation, which may  
include, among others, negotiation with  the Company's  
existing creditors, dissolution of  the Company, or a
filing under the applicable bankruptcy law.

Hondo Oil & Gas Company is an independent oil and gas
company focusing on international oil and gas exploration
and development.


HOPE: October 5 Bar Date
-------------------------
Harry Cure Jr., the court-appointed bankruptcy trustee,
rescheduled a meeting of creditors in the HOPE case, to
August 11 because company officials and attorneys did not
submit complete business transactions to the court.

"There are 901 pages of creditors. I will not know which
claims are warranted ... until after October 5," Mr. Cure
told attendees.  October 5 is the last day people can file
proof of claim with the U.S. Bankruptcy Court in Fort Worth
if they believe HOPE owes them money.

Mark S. Manuel, one of the company's founders, showed up
Tuesday with his  attorney Joe Garza and patiently answered
questions posed by the trustee and an attorney representing
a supplier who has sued HOPE.  "I want everyone to hear
this," Mr. Manuel told the trustee during the meeting. "I'm
going to cooperate with you."

HOPE incorporated in Arlington in December 1996 with the
aid of 30 people who invested $10,000 each. Mr. Manuel and
his brother, Greg, and their friend Jeffrey Walker opened
the business to the public in March 1997. Within six  
months, HOPE had attracted 51,000 people and collected $14
million in revenues,  according to court documents and
company officials. (Dallas Morning News; 07/08/98)                    


KOO KOO ROO: Details Merger With Family Restaurants
---------------------------------------------------
Koo Koo Roo, Inc. announces a special meeting of
stockholders to be held in September to vote on a proposal
to approve and adopt an agreement and plan of merger
pursuant to which Koo Koo Roo, Inc. will
become an indirect wholly owned subsidiary of Family
Restaurants, Inc. In connection with this transaction,
Family Restaurants, Inc. will be renamed Koo
Koo Roo Enterprises, Inc.

A full-text copy of the filing is available via the
Internet at:
    http://www.sec.gov/Archives/edgar/0000898430-98-
002533.txt


MEDICAL RESOURCES: Annual Meeting Announced
-------------------------------------------
The Board of Directors of Medical Resources, Inc., a
Delaware corporation gave notice that the 1998 Annual
Meeting of Stockholders of the Company will be held on July
23, 1998, at 9:00 a.m., Eastern Daylight Time, at the
Sheraton New York Hotel and Towers, 811 Seventh
Avenue, New York, New York, for the following purposes:

  1. To elect seven persons to serve on the Company's Board
of Directors.

The following individuals have been nominated by the Board
of Directors for election as directors of the Company:

  Sally W. Crawford
  Peter B. Davis
  Gary L. Fuhrman
  John H. Josephson
  Duane C. Montopoli
  Gary N. Siegler
  D. Gordon Strickland

  2. To vote upon a proposal to approve the Company's 1998
Stock Option Plan.

  3. To vote upon a proposal to approve the Company's 1998
Non-Employee Director Stock Option Plan.

  4. To authorize and approve an amendment to the Company's
certificate of incorporation in order to effect a reverse
stock split with respect to the outstanding shares of the
Common Stock, whereby the Company would issue one
(1) new share of Common Stock in exchange for between two
(2) and four (4)shares of outstanding Common Stock.


MOBILEMEDIA: Announces Sale of 163 Transmission Towers
------------------------------------------------------
MobileMedia Corporation announced today that it has entered
into a definitive agreement with Pinnacle Towers Inc. for
the sale and leaseback of 163 transmission towers.  

Pinnacle has agreed to purchase the towers for $170 million
in cash. MobileMedia will continue to own and utilize
transmitters, antennas and other equipment located on the
towers through a leaseback arrangement for an initial  
lease period of 15 years at an aggregate annual rental of
$10.7 million.  

MobileMedia currently maintains approximately 700
transmitters on the towers for its own paging transmissions
and leases out additional space on the towers.  

MobileMedia said it is selling the towers, located at
approximately 140 sites across the United States, in order
to take advantage of the strong demand  for towers that
exists currently in the marketplace and because it wishes
to focus on its primary paging business.  

"We are very pleased to enter into this transaction, which
will allow us to  achieve significant proceeds through the
sale of a non-core asset," said Joseph  A. Bondi, Chairman-
Restructuring of MobileMedia.  "We believe this
transaction  will facilitate our attempts to reach a
consensual Plan of Reorganization with  our creditors and
the completion of our Chapter 11 proceeding."  

The closing of the transaction requires bankruptcy court
approval, which MobileMedia will seek, and is subject to
other customary legal and regulatory conditions.  
In addition to the 163 towers to be sold to Pinnacle,
MobileMedia leases space on more than 4,000 transmission
towers nationwide for its paging transmission systems.  


MOTOROLA: Reports Stock Ownership
---------------------------------
Motorola Inc. reported in a Schedule 13G filed with the
SEC, the beneficial ownership of 396,226 shares of common
stock, 6.3% of the class, of Neoware Systems, Inc.


NIAGRA MOHAWK: NYSEG Tells of Secret Negotiations
-------------------------------------------------
In an amended complaint filed yesterday, New York State
Electric & Gas Corporation (NYSEG) said Niagara  
Mohawk Power Corporation has breached its fiduciary
responsibility and engaged in self-dealing by negotiating
with a third party for the sale of the Nine Mile  Point 2
nuclear plant and not telling the other owners.

NYSEG, which wants to sell its interest in the nuclear
plant, also alleged Niagara Mohawk conducted the
negotiations "in a manner designed to limit the  
interest of the third party in purchasing Nine Mile 2 and
to deter other potential purchasers from offering to
purchase Nine Mile 2."

"We believe Niagara Mohawk's self-dealing and breach of its
fiduciary responsibility have deprived NYSEG of an
opportunity to sell its interest in Nine Mile 2," said Wes
von Schack, NYSEG's chairman, president and chief  
executive officer.  "In our restructuring agreement with
the Public Service Commission, we agreed to work with the
other cotenants to sell the plant."

The amended complaint says NYSEG learned through news
reports of an offer from British Energy to buy the plant
and that Niagara Mohawk confirmed those news reports.  
British Energy and PECO have formed a joint venture
company, called Amergen, to acquire nuclear plants across
America.

NYSEG originally filed suit in State Supreme Court in
Tompkins County on June 15 seeking to enjoin Niagara Mohawk
from further actions that would transfer the operation of
Nine Mile Point 2 to the recently-formed New York Nuclear
Operating Company (NYNOC) without NYSEG's consent. NYSEG
also seeks to recover damages for the funds used by Niagara
Mohawk to promote the establishment of NYNOC.

NYSEG, a non-operating owner of 18% of Nine Mile Point 2,
has repeatedly advised Niagara Mohawk that it will not
consent to the transfer of the operating responsibility for
Nine Mile Point 2 to NYNOC.  NYSEG does not believe NYNOC
would result in either improved operational performance at
Nine Mile Point 2 or reduced costs sufficient to offset the
development and implementation expenses likely to be
incurred to create NYNOC.

NYNOC was established by Niagara Mohawk and other companies
to assume operation of all of the companies' nuclear
generating units.  Ownership of the plants would remain
with the utilities, which would continue to pay all plant  
and NYNOC costs, and continue to receive all generation
from the plants.


NIKE: Victim of Bad PR?
-----------------------
Nike Chairman and Chief Executive Officer Phil Knight, in a
recent speech to the National Press Club, complained that
his firm's products "have become synonymous with slave
wages, forced overtime and arbitrary abuse."

Knight vigorously disputed that characterization. But in
the same May speech, he pledged to raise the minimum age
for workers in Nike's Asian factories, make overseas plants
conform to U.S. clean air standards and permit  
monitoring by watchdog groups, among other changes.

Last year Sears -- along with several major firms -- was
accused of improperly pursuing bankrupt debtors. The firm
settled with attorneys general from at least 39 states in
June. The difference in the two instances lay in  Sears'
response, said William Giffin, the company's vice president
of ethics  and business practices.

As many as 47 percent of customers polled by Walker
Information said they consider a firm's reputation along
with other factors when they buy. A higher 57 percent said
they would stop buying because of ethical or legal
breaches.

"I personally think this is the way companies are going to
differentiate themselves in the future," said Frank Walker,
chairman of the Indianapolis- based firm. "To me, it's
strategic." (Salt Lake Tribune - 07/08/98)


PAYLESS CASHWAYS: New Management Set For New Focus
--------------------------------------------------                    
Six weeks after saying it plans to focus on selling
building materials to professionals in the home improvement
industry, Payless Cashways Inc. has created a position to
bolster that strategy.

David Krumbholz, previously regional vice president for
Missouri, Kansas and Texas, will fill the new position of
vice president of professional business. Kelly R. Abney,
previously vice president of logistics at Payless,  
has been promoted to vice president of logistics and
facilities. Both will report to Millard E. Barron, the
newly named president and chief  
executive officer of Payless.

Krumbholz's new position is designed to develop national
accounts; work with the company's regional, area and local
commercial sales forces; and ensure appropriate
merchandising and marketing for the professional customer.
(Kansas City Star - 07/03/98)


PORTACOM WIRELESS: Consummates Sale of Stock
--------------------------------------------
As of June 8, 1998, PortaCom Wireless, Inc.  consummated
thesale to VDC Corporation, Ltd. of 2,000,000 shares of
common stock and warrants to acquire, at an exercise price  
of $4.00 per share, an additional 4,000,000 shares of
common stock of Metromedia China Corporation.  In
consideration for the sale of such assets and subject to
certain adjustment features, the Registrant received a pool
of 5,300,000 shares of VDC common stock and the right to
utilize a maximum of $3,000,000 in cash to satisfy claims
made against the Registrant in connection with Registrant's
Plan of Reorganization filed in its Chapter 11 bankruptcy  
case.


U.S. LEATHER: Court Confirms Prepackaged Plan
---------------------------------------------
The court confirmed U.S. Leather Inc.'s prepackaged
reorganization plan over the objections of the Securities
and Exchange Commission and the U.S. Trustee.  The finished
leather manufacturer expects the plan to go effective in
about 10 days. (Federal Filings Inc. 8-July-98)


WASTEMASTERS INC: Files Quarterly Report
----------------------------------------
In a form 10-QSB/A, Wastemasters Inc. reported that its
revenues decreased by $1,045,753 to $183,208 for the third
quarter of 1997, from $1,228,961 during the same period in
1996. The decrease is primarily the result of discontinuing
the operation of the New York City C&D transfer station.

The Company's revenues decreased by 89.90% to $407,064 for
the first nine months of 1997, from $4,041,199 during the
same period in 1996. The decrease in revenues is a result
of the effects of the disposal of the Company's Baltimore
Recycling and Compost facility in May, 1996 and the
discontinuance of operations of the New York City C & D
transfer station in February, 1997 and the corresponding
loss of revenues from those facilities.

The Company's balance sheet at September 30, 1997 reflects
a working capital deficit of $12,820,896 as compared to a
deficit of $9,971,207 at December 31, 1996.

The core Company focus is developing it's existing
landfill. Subject to adequate financing, the Company plans
to embark on expansions and Sub-title D permitting of the
landfill, while developing processing capability upstream
to supply the facility.

During the nine months of 1997, the Company operated and
received revenues principally from two facilities, the Rye
Creek Landfill in Kirksville, Missouri and the Appleton
Sanitary Landfill in Allendale, South Carolina. On
September 6, 1997, the Rye Creek Landfill and the
undeveloped site in Walker Co., Georgia were sold.

On May 17, 1996, the Company's Baltimore FERST Limited
Partnership, a recycling and composting facility, was sold
at foreclosure. Assets sold include the facility,
improvements, bond issuance costs and the land of
Baltimore FERST limited Partnership. The net book value of
the assets sold was approximately $40,780,000. The Company
retired non-recourse secured and unsecured liabilities
related to the facility in the amount of $42,000,000.

On April 12, 1996, FERST 0 & M, Inc.(a wholly-owned
subsidiary of the Company) and the entity responsible for
managing the Baltimore recycling and compost facility,
filed a voluntary petition under Chapter 7 of the U.S.
Bankruptcy Code.

DLS CAPITAL PARTNERS: Bond Pricing for Week of July 6
-----------------------------------------------------
Following are indicated prices for selected issues:

Amer Telecasting 0/14 1/2 '04              24 - 26
Asia Pulp & Paper 11 3/4 '05               89 - 90
APS 11 7/8 '06                              8 - 12(f)
Boston Chicken 7 3/4 '04                   20 - 22
Brazos 10 1/2 '07                          75 - 78
Brunos 10 1/2 '05                          15 - 18(f)
CAI Wireless 12 1/4 '02                    25 - 27
Cityscape 12 3/4 '04                       39 - 41(f)
E&S Holdings 10 3/8 '06                    68 - 70
Grand Union 12 '04                     57 1/2 - 58 1/2
Greate Bay 10 7/8 '04                      85 - 86 (f)
Harrah's Jazz 14 1/4 '01                   29 - 31 (f)
Hechinger 9.45 '12                         74 - 76
Liggett 11 1/2 '99                         70 - 73
Mobilemedia 9 3/8 '07                      47 - 49 (f)
Penn Traffic 9 5/8 '04                     36 - 37
Royal Oak 11 '06                           84 - 86
Service Merchandise 9 '04                  69 - 70
Trump Castle 11 3/4 '03                    93 - 94
Zenith 6 1/4 '11                           30 - 32(f)

                  *********

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

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
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