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/raid1/www/Hosts/bankrupt/TCR_Public/981008.MBXT R O U B L E D C O M P A N Y R E P O R T E R Thursday, October 8, 1998, Vol. 2, No. 197 Headlines AMERICAN RICE: Authority To Sell Comet Unit For $3 Million AMERICAN RICE: Olive Sale On Hold BLOCK TRADING: Plans To File Chapter 11 BOSTON CHICKEN: 20 Largest Unsecured Creditors CALLAWAY COMMUNITY: Case Summary & 20 Largest Creditors CHAMA INC: Case Summary & 20 Largest Creditors CITYSCAPE: Files Chapter 11 Petition DCH INC: Case Summary & 20 Largest Unsecured Creditors EQUALNET CORPORATION: Case Summary & 20 Largest Creditors INTERNATIONAL HERITAGE: Reports Filing Law Suit INTERNATIONAL HERITAGE: Reports New Executive VP JPE INC: Executes Letter of Intent With DGI Investments LACLEDE STEEL: Trade Creditors Defer Balances Due MANUGISTICS GROUP: Lays Off Workers MEDICAL CENTER OF WINNIE: Summary & 20 Largest Creditors MONTGOMERY WARD: Seeks OK To Sell Stores, Lease For $15 M OXFORD HEALTH PLAN: Announces Medicare Action Plan PENNCORP FINANCIAL GROUP: Supplement to Prospectus SCHWEITZER MOUNTAIN: Court Clears Way For Sale SOUTHERN PACIFIC: Working On Orderly Liquidation ********* AMERICAN RICE: Authority To Sell Comet Unit For $3 Million ---------------------------------------------------------- The court has authorized American Rice to sell its Comet Ventures Inc. subsidiary to Sage V Foods LLC, an entity headed by a Comet officer, for approximately $3 million. Comet markets broken rice, rice oils, and rice extracts to other food manufacturers, such as Frito-Lay and Quaker Oats Co., which, in turn, use the materials for their finished product. The subsidiary, which operates out of American Rice's Freeport, Texas, facility, also sells whole grain rice to industrial markets, according to the rice milling and marketing company's motion. (Federal Filings Inc. 06- Oct-98) AMERICAN RICE: Olive Sale On Hold --------------------------------- The final hearing on the sale by American Rice Inc. of its olive division, currently set for October 7, 1998 has been continued indefinitely. BLOCK TRADING: Plans To File Chapter 11 --------------------------------------- Block Trading, which was on the forefront of a trading technique called day trading, has closed its doors after depleting its capital. "Common to many small businesses, whose excessive growth outpaces its capacity, Block Trading's expenses have exceeded its revenues," Christopher Block, company founder and chief executive officer, said Tuesday. The Houston-based company, which has 92 employees in 17 offices in 10 states, blamed its downfall on runaway expenses associated with the development of its own trading software. Block Trading plans to file for Chapter 11 protection from its creditors under bankruptcy law and will try to reorganize as a software company, Block said. Block customer accounts are being transferred to other day- trading firms. Block's Austin office at 1601 Rio Grande St., which opened in January 1996, closed two months ago after brokers and traders "defected" to Block competitors, Block said. At one point, the office had 26 employees, although it had only one trader by the time it closed. Most, if not all, of the local accounts were transferred to CyBerCorp or Cornerstone Securities in Austin, Block said. Block Trading gained widespread recognition by enabling non- professional investors to make big money by profiting from extremely quick moves in stock prices, cutting into the spread created by marketmakers. "Excessive expenditures devoted to developing proprietary Block Trading day-trading software that would set the company apart from its competitors dropped the corporation below the fund levels required by the Securities and Exchange Commission," Block said. Block and his co-founder, Jeff Burke, established Block Trading in 1994 when they were both 27. They parlayed the popularity of day trading into a cover story by Inc. magazine and articles in other publications. Last October, the University of Houston's Small Business Development Center put Block Trading at the top of its Houston 100 list of the area's fastest-growing small private firms. Block said one of the biggest sources of his company's problems was that many of its branch offices around the nation defected to Block competitors when it was trying to enlist their financial support to recapitalize. Many branch offices "literally changed the name on the door with 24 hours' notice," Block said. "We had lost half a dozen offices in the last six months," he said. American-Statesman staff writer Earl Golz contributed to this report. (Austin American Statesman - 10/01/98) BOSTON CHICKEN: 20 Largest Unsecured Creditors ---------------------------------------------- Nature Amount ------ ------ Banker's Trust Company Bonds $249,518,000 Chase Manhattan Bank Bonds $124,504,000 Harris Trust & Savings Bank Bonds $60,073,000 Loomis Sayles & Company Bonds $125,196,000 Trendex Capital Management Bonds $25,000,000 Dain Rauscher Bonds $33,305,000 Richard Lehman Bonds $5,859,000 Nadhir, Saad J. $1,872,617 Beck, Scott A. $1,628,940 Ley, Frederick W. $230,770 Hohl, Larry D. $230,770 Graves, Gary A. $230,770 Lexis Document Services Inc. Vendor Unliq. $188,486 Frontenac VI Limited Partnership $158,709 1989 Ryan Family Trust $126,499 Bowana Foundation $125,508 OBG Holdings, Inc. $116,651 Lewis, Charles A. $113,081 Triune Venture Parners III, LP $109,575 B.B. Trust, B.B. Trust Company Ltd. $98,559 CALLAWAY COMMUNITY: Case Summary & 20 Largest Creditors ------------------------------------------------------- Debtor: Callaway Community Hospital Assoc. 10 South Hospital Drive Fulton, Missouri 65251-2513 Affiliates of the debtor are DCH, Inc., CHAMA Inc., Medical Center of Winnie, Inc., and Colusa Community Hospital Association Court: District of Delaware Case No.: 98-2253 Filed: 10/3/98 Chapter: 11 Debtor's Counsel: Laura Davis Jones Young Conaway Stargatt & Taylor LLP 11th Floor, Rodney Square North P.O. Box 391 Wilmington, Delaware 19899-0391 (302) 571-6600 20 Largest Unsecured Creditors: Name Amount ---- ------ TriSpan Health Services $378,317 University of Missouri-Physicians $271,219 University of Missouri $144,461 Healthline Management $124,490 Owen Healthcare $61,170 Accelerated Receivables Mngmt $49,465 City of Fulton $42,208 Biomet, Inc. $39,447 IRS $37,104 Burrows Company $19,196 University of Missouri $18,543 Missouri Cardiovasular Specialists $17,955 Abbott Laboratories $17,077 Mid-State Petroleum Equipment, Inc. $15,398 Boyce and Bynum Pathology $15,301 Medical Anesthesia Service $14,950 Metropolitan Life $13,756 Diagnostic Health Services $12,400 Picker International $11,227 Healthlink $10,495 CHAMA INC: Case Summary & 20 Largest Creditors ---------------------------------------------- Debtor: CHAMA, Inc. 305 N.E. 102nd Avenue Portland, Oregon 97220 Affiliates of the debtor are DCH, Inc., Callaway Community Hospital Association, Medical Center of Winnie, Inc. Colusa Community Hospital Association Court: District of Delaware Case No.: 98-2252 Filed: 10/3/98 Chapter: 11 Debtor's Counsel: Laura Davis Jones Young, Conaway, Stargatt & Taylor LLP 11th Floor, Rodney Square North P.O. Box 391 Wilmington, Delaware 19899-0391 (302) 571-6600 20 Largest Unsecured Creditors: Name Amount ---- ------ Quadramed $2,873,617 Community Health Mgmt Services $333,257 Nationsbank $200,000 Vinson & Elkins LLP $183,490 Moss-Adams LLP $132,388 Campbell Wilson $59,872 General Services Administration $25,578 Career Decision, Inc. $7,500 Ruehle & Assoc. $6,245 Zurich-American $6,121 Lux Engineering $5,500 Neil Johnson $2,500 Partners Healthcare Group $2,400 Bass, Berry & Sims $2,292 Family Physician Recruiter $1,838 Riley & Dunlap PC $1,701 CT Corporation $1,204 Commerce Bank $1,000 John Fisher RADM $500 CITYSCAPE: Files Chapter 11 Petition ------------------------------------ Cityscape Financial Corp. and its Cityscape Corp. unit filed a prepackaged reorganization plan under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Cityscape Financial said it expects court confirmation despite the rejection of the plan by series B preferred shareholders. Holders of senior notes, convertible subordinated debentures and series A preferred shares approved the reorganization. Cityscape Financial and CSC will be debtors-in-possession and will continue to operate their business, subject to the supervision and orders of the Bankruptcy Court. Separately, the company announced that it has received commitments from Greenwich Capital Financial Products Inc., The CIT Group/Equipment Financing Inc. and Nomura Asset Capital Corp. to provide $250 million of debtor- in- possession financing. The company announced that it intends to ask the Bankruptcy Court to set a hearing on confirmation of the reorganization plan as expeditiously as possible, which the company anticipates to be in one to two months. (UPI:WallStreet - 10/07/98) DCH INC: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------ Debtor: DCH, Inc. 2174 West Oak Avenue Cochise County, Arizona Affiliates of the debtor are Chama, Inc., Callaway Community Hospital Association, Medical Center of Winnie, Inc., Colusa Community Hospital Asscoiation Court: District of Delaware Case No.: 98-2250 Filed: 10/3/98 Chapter: 11 Debtor's Counsel: Laura Davis Jones Young Conaway Stargatt & Taylor LLP 11th Floor, Rodney Square North P.O. Box 391 Wilmington, Delaware 19899-0391 (302) 571-6600 20 Largest Unsecured Creditors: Name Amount ---- ------ Intergroup of Arizona $400,000 NES Arizona, Inc. $138,206 Bergen Brunswig Drug Co. $58,177 HDS Service $50,909 Medline Industries Inc. $45,887 Romero Construction $45,680 Marriott Laundry Services $35,134 Quadramed Corporation $34,667 Priority Pharmaceuticals $23,783 Sonora Quest Laboratories $15,898 Owens & Minor $15,170 Abbott Laboratories $15,048 Arizona Public Service $14,064 CIC Agency $12,545 Auto Suture $12,072 Sterling Medical Management $11,135 Picker International $8,678 Scientific Products Division $7,396 Kentec Medical Inc. $7,267 Bracco Diagnostics, Inc. $6,704 EQUALNET CORPORATION: Case Summary & 20 Largest Creditors --------------------------------------------------------- Debtor: EqualNet Corporation 1250 Woodbranch Houston, Texas 77079 Type of business: Long Distance Telephone Service Court: Southern District of Texas Case No.: 98-39561-H5-11 Filed: 09/10/98 Chapter: 11 Debtor's Counsel: Thomas Kirkendaal Kirkendall, Isgur & Foltz LLP 700 Louisiana Suite 4200 Houston, Texas Total Assets: $20,726,000 Total Liabilities: $57,305,000 No. of shares of common stock 2000 (1 holder) 20 Largest Unsecured Creditors: Name Nature of Claim Amount ---- --------------- ------ EqualNet Communications Corp. Affiliate $40,662,000 AT&T Trade $5,488,609 Sprint Trade $1,275,478 WorldCom Trade $376,205 Netco Acquisitiion Corp. Affiliate $318,000 Caprock Communications Trade $250,603 Universal Service Fund Trade $259,798 Corestaff Trade $142,005 SNET Diversified Group Trade $120,266 Centillion Data Systems Trade $117,176 IXC Trade $125,000 SONY Signatures Trade $100,000 Bell South Trade $88,352 BlueGate Systems Trade $80,000 Comerica Trade $78,455 TCG Trade $72,261 Bell Atlantic Trade $71,572 BMS Management Trade $60,932 Southwestern Bell Trade $50,000 MFS Telecom, Inc. Trade $47,463 INTERNATIONAL HERITAGE: Reports Filing Law Suit ----------------------------------------------- On September 24, 1998, International Heritage Inc. filed an action in the General Court of Justice, Superior Court Division, Wake County, North Carolina, versus Douglas L. Sims, David L. Tillman, Mark Ledger, Kim Ledger, Jon Slade Lewis, Cindy Lewis, Tim Angus, Lana Angus, Jeff Yates, Alice Yates, Adam Ragland and Unique Opportunities, Inc., case number 98 CVS 11169. The Company alleges inter alia: breach of contract, breach of fiduciary duty, tortious interference with contract, and as a result of the immediate and irreparable harm that will be created by the ongoing and continuous breach of the Defendants' contracts and tortious interference with the contractual relationship between the Company and its current Independent Retail Sales Representatives ("IRSRs"), Plaintiff's have requested a temporary restraining order and preliminary and permanent injunction be entered by the Court. INTERNATIONAL HERITAGE: Reports New Executive VP ------------------------------------------------ International Heritage Incorporated reports to the SEC that on September 21, 1998 the Company's Board of Directors appointed O. Kenneth Rudd, III to serve as Executive Vice President of the Company. Mr. Rudd currently serves on the Company's Board of Directors and has previously been employed as the Company's Executive Vice President of Sales. Mr. Rudd will continue to serve as the Company's Executive Vice President of Sales only with expanded duties and responsibilities as an officer of the Company. JPE INC: Executes Letter of Intent With DGI Investments ------------------------------------------------------- JPE Inc. (OTC BB:JPEI) announced today that it has signed a letter of intent with Toronto, Ontario- based DGI Investments Inc., pursuant to which DGI, or its affiliate, would acquire a controlling interest in JPE for a cash payment of $10 million, and current shareholders of JPE would receive a special payment of $1.25 per outstanding share of JPE common stock, designed to partially offset the dilution to their ownership positions as a result of the DGI investment, while retaining a minority interest in a recapitalized JPE. The proposed transaction is subject to a number of significant conditions, including DGI's satisfaction with its due diligence review of JPE, its operations and properties; DGI reaching satisfactory arrangements with JPE's creditors; approval of the company's principal automobile manufacturing customers; and compliance with applicable requirements relating to the bankruptcy proceedings involving JPE subsidiaries Starboard Industries Inc. and Plastic Trim Inc. There can be no assurance that the proposed transaction will be consummated, and JPE cautions that the conditions to moving forward with the proposed transaction are much more significant than customary in transactions involving more financially viable companies than JPE. It is anticipated that DGI will complete its due diligence and satisfy substantially all of the conditions in the next 35 days. JPE also announced that following its annual meeting of shareholders held on Sept. 30, directors John F. Daly and Donald R. Mandich resigned from the Board and that Richard P. Eidswick was appointed as a director. LACLEDE STEEL: Trade Creditors Defer Balances Due ------------------------------------------------- As stated in the Quarterly Report on Form 10-Q of Laclede Steel Co. for the third quarter, the company has held discussions with certain trade creditors regarding outstanding accounts payable balances. As a result of these discussions, payment of a significant portion of outstanding accounts payable balances has been deferred. Consistent with this effort, the company has notified the trustee on its unsecured $12,000,000 Pollution Control Revenue Bonds, Series 1976 that the Registrant is not at this time making the payment due October 1,1998 on the PCR Bonds.The principal amount outstanding, as of September 30, 1998, under the PCR Bonds was $8,040,000. Also, as previously discussed in the third quarter 10-Q, the registrant is in now in the later stages of developing a comprehensive restructuring plan. This plan includes negotiations with the United Steelworkers in connection with the Registrant's request that there be a restructuring of both the collective bargaining agreement for the Alton, Illinois employees and the retiree benefit plans. Preliminary discussions also have occurred with the Pension Benefit Guaranty Corp. regarding both of the Registrant's hourly and salaried defined benefit plans. However, there is no assurance that the restructuring plan will be successful. (States SEC - 10/06/98) MANUGISTICS GROUP: Lays Off Workers ----------------------------------- Supply chain management software provider Manugistics Group Inc., Rockville, Md., has laid off 6 percent of its workforce in a restructuring following the company's second quarter net loss of $6 million, disclosed last month, according to Supply Chain Report. The company has lost $14.5 million in the first six months of the fiscal year, compared to net income of $4.9 million in the same period last year. (The Daily Bankruptcy Review and ABI Copyright c October 7, 1998 MEDICAL CENTER OF WINNIE: Summary & 20 Largest Creditors --------------------------------------------------------- Debtor: Medical Center of Winnie Inc. 538 Broadway Winnie, Texas 77665 Affiliates of the debtor are DCH, Inc., CHAMA, Inc. Callaway Community Hospital Association, and Colusa Community Hospital Association Court: District of Delaware Case No.: 98-2254 Filed: 10/3/98 Chapter: 11 Debtor's Counsel: Laura Davis Jones Young Conaway Stargatt & Taylor LLP 11th Floor, Rodney Square North P.O. Box 391 Wilmington, Delaware 19899-0391 (302) 571-6600 20 Largest Unsecured Creditors: Name Amount ---- ------ Mutual of Omaha $1,089,300 Puckett Laboratory $31,986 American Medical Response $29,868 McKesson General Medical $25,712 U.S. Attorney's Office $24,138 Health Enhancement Group $21,850 Allegiance Healthcare Corp. $20,962 Spectrum Financial Service $20,841 GE Medical Systems $20,828 Aman ali Jafar MD $18,004 Smithkline Beecham CLN Lab $17,253 Leonidos Andres, MD $16,915 Office Depot $14,849 Fisher Healthcare Company $14,114 Allsup Inc. $13,089 Sullivan Kelly & Assoc $12,480 MCI Telecommunications $12,278 MONTGOMERY WARD: Seeks OK To Sell Stores, Lease For $15 M --------------------------------------------------------- Montgomery Ward is asking the court to approve the sale of two properties and the assignment of one lease and another sublease, all in Minnesota, to a Saks Inc. subsidiary for $15 million. The sites owned by the retailer are located in the Rosedale Shopping Center in Roseville and a property in Midway Market Place in St. Paul. Montgomery Ward also is seeking to assume its lease in Bloomington, obtained in 1957, which includes a portion of the property subleased to Toys "R" Us Inc., and will assign those leases to the buyer. The proposed sale is subject to higher bids and Montgomery Ward is asking the court to approve a total of $300,000 in breakup fees for the stalking horse bidder, in the event Montgomery Ward fails to convey any part of the multi-asset package. (Federal Filings Inc. 06-October-98) OXFORD HEALTH PLAN: Announces Medicare Action Plan -------------------------------------------------- Oxford Health Plans (NASDAQ: OHXP) announced on October 5, 1998, its Medicare action plan, following a successful site visit by the Health Care Financing Administration (HCFA), the federal agency that administers the Medicare Program. The agency has accepted Oxford's corrective action plans, clearing the way for the Company's continued participation in the Medicare program in 1999. HCFA's review earlier this month was a follow-up to a February on-site review of Oxford's operations. In June, Oxford voluntarily suspended marketing and most enrollment of new members under its Oxford Medicare Advantage Plans in New York, New Jersey, Connecticut and Pennsylvania in order to strengthen its operations and initiate certain corrective actions required by HCFA. "Last month, we announced Medicare arrangements with leading providers in Long Island and New Jersey, which underscores our commitment to continue participation in this important program," said Norman C. Payson, M.D., Oxford's chief executive officer. "Today, we are pleased to be able to continue offering our Medicare plan in areas serving the vast majority of our members. We're also extremely pleased that HCFA's thorough review found substantial improvements in our core operations." The Company noted that HCFA will continue to monitor its operations to ensure that Oxford continues to comply with its corrective action plans and improve operating performances in key areas, including claims turnaround. "Restructuring the Company's Medicare program is an important part of our overall turnaround plan. We recognize that the unique characteristics of the Medicare population require different healthcare management strategies," Dr. Payson said. "In some areas, we are unable to continue offering our Medicare plans without significant involvement of hospital and physician groups in the provision and management of care for our members. We have worked tirelessly to solicit that involvement and have largely been successful. However, in counties representing about 17 percent of our membership where these arrangements could not be completed, we have made the difficult decision to exit the business." Current members in the counties Oxford is exiting will have several options: They can remain with Oxford through the end of 1998 and automatically be transferred back to regular Medicare effective January 1, 1999. They can opt to disenroll from Oxford Health Plans and return to regular fee-for-service Medicare any time between now and the end of the year. Members who want to purchase a Medicare supplemental ("Medigap") health insurance policy will be given a list of carriers that offer supplemental coverage. They can decide to join another HMO or competitive medical plan in their area that contracts with Medicare. Until disenrollment is effective, all Oxford members must continue to use Oxford Health Plans providers. Oxford Health Plans, Inc. is based in Norwalk, Connecticut. PENNCORP FINANCIAL GROUP: Supplement to Prospectus -------------------------------------------------- Penncorp Financial Group Inc. filed an Eighth Supplement to Prospectus, dated October 5, 1998 with the SEC, amending and supplementing the Prospectus dated March 9, 1998, as amended and supplemented, relating to the offer and sale by the Selling Securityholders of (i) (x) up to 2,875,000 shares of $3.50 Series II Convertible Preferred Stock, par value $0.01 per share of the Company and (y) up to 4,118,911 shares of common stock, par value $0.01 per share, of the Company or such other number of shares of Common Stock resulting from an adjustment to the conversion price of the Convertible Preferred Stock pursuant to the antidilution provisions of the Certificate of Designation governing the Convertible Preferred Stock issuable upon conversion of the Convertible Preferred Stock, and (ii) the offer and sale by the Company of the Common Stock issuable upon conversion of the Convertible Preferred Stock. SCHWEITZER MOUNTAIN: Court Clears Way For Sale ---------------------------------------------- Schweitzer Mountain Resort can be sold within the next two months to help pay more than $28 million in debts, a federal bankruptcy judge ruled Friday. U.S. Bankruptcy Judge James D. Pappas confirmed the creditors' plan to put the ski hill on the auction block. Judge Pappas also agreed that the $18 million appraisal for Schweitzer is fair. U.S. District Judge Edward Lodge also has to approve the sale. That is expected to happen in the near future - much to the pleasure of the largest creditor, U.S. Bank. Pappas was supposed to rule on the creditors' plan to sell the resort in mid- September. But Brown and Huguenin won a last-minute delay. They have repeatedly tried to stop the sale and earlier submitted their own reorganization plan that included backing from an investor they refused to name. Creditors earlier favored selling Schweitzer to Harbor Properties of Seattle for $18 million. Now the resort will be put up for bid. Five interested buyers attended the hearing in Bankruptcy Court in Boise on Friday, attorneys said. Once the resort is sold, part of the proceeds will go to cover $1.4 million owed to the unsecured creditors - ranging from Washington Water Power to bread suppliers, Isserlis said. The rest of the money will go to U.S. Bank, which is owed nearly $24 million. The remainder of the debt could be covered by the court- supervised sale of other real estate owned by the family. (Copyright 1998 Cowles Publishing Company - Spokesman Review-10/04/98) SOUTHERN PACIFIC: Working On Orderly Liquidation ------------------------------------------------- Southern Pacific Funding Corporation announced today that it is working to develop a plan for orderly liquidation of its assets through its Chapter 11 bankruptcy case commenced on Oct. 1, 1998. The company's Chapter 11 petition lists total assets and debts of about $1.17 billion and $1.02 billion, respectively Following a court hearing on Thursday, Greenwich Capital Markets, Inc., declined to advance funds pursuant to the post-petition credit facility previously negotiated with the Company because court approval was not received as to certain financing terms. Accordingly, Southern Pacific Funding has notified its brokers that funding of mortgage loans has been halted permanently and is taking steps to maximize the value of its assets for the benefit of its creditors. Separately, the New York Stock Exchange suspended trading in Southern Pacific Funding's common stock and 6.75% convertible notes due Oct. 15, 2006 (NYSE:SFC and SFC 06) prior to the market opening on Friday. The NYSE intends to apply to the Securities and Exchange Commission to delist the issues. E. James Hedemark, Chief Executive Officer, said "The Company recognizes its responsibility to its creditors and will deal fairly and honestly with its creditors. The Company recognizes the hard work and loyalty of its employees who have given so much to the Company, especially in recent days. To its maximum ability, the Company pledges to assist its employees during this transition. The Company's employees are highly skilled and valuable people and are not responsible for the Company's financial position." ******** 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. ISSN 1520-9474. 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 * * *