TCR_Public/981113.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, November 13, 1998, Vol. 2, No. 223

                  Headlines

AMERICAN RICE: Committee Objects to Jay Alix
AMRESCO INC: Registration statement Modified
AVATEX: Reports Third Quarter Results
BARNEY'S INC: Reports Year-End Results
BUTTERWINGS ENTERTAINMENT: Notice of Sale of Assets

DIGICASH: Files For Bankruptcy Protection
ENSEC INTERNATIONAL: Enters Merger Agreement
GOLDEN BOOKS: With $18.9 M Loss Chairman Sees Progress
GULF CANADA RESOURCES: Reports Third Quarter Results
HUNGARIAN BROADCASTING: Notification of Late Filing

INTERNATIONAL WIRELESS: Seeks To Retain KPMG Peat Marwick
LESLIE FAY: Reports Improved Third Quarter Results
LOUIS ALLIS: Shut Down Hits Motor-Buying Customers Hard
MANHATTAN BAGEL: First In-Store Unit
NU-KOTE HOLDING: Case Summary

PINNACLE BRANDS: Seeks Approval of Agreement With Leaf
PINNACLE MICRO: May File For Bankruptcy Protection
THE CARE GROUP: Notice of Meeting of Creditors
URBAN COMM: Case Summary & 20 Largest Creditors
URBAN COMMUNICATORS: Case Summary & 20 Largest Creditors

VAN LEUNEN'S: Hearing on Approval of Disclosure Statement
WSR CORPORTION: Notice of Bar Date
YES!ENTERTAINMENT: Nasdaq Planning To End Listing of Shares

DLS CAPITAL PARTNERS: Bond Pricing For Week of November 9

                    *********

AMERICAN RICE: Committee Objects to Jay Alix
--------------------------------------------
The unofficial committee of certain holders of the 13% $100
million first Mortgage Notes Due 2002 with contingent
interest, issued by American Rice, Inc., debtor, and US
Trust Company of Texas, NA as indenture Trustee agree with
the US Trustee's objection.  Furthermore the committee and
the indenture Trustee state that the engagement of Jay Alix
& Associates is entirely unnecessary and would needlessly
squander estate assets.

They believe that the debtor seeks to employ Jay Alix
solely because the debtor's working capital lenders have
conditioned the continued provision poof post-petition
financing on the hiring of a "crisis manager."  The debtor
does not require an additional financial advisor, and if
the Bank Group wishes to monitor the debtor's financial
operations, it should pay for such a service.  Further if
the debtor needs a financial officer, it should employ a
suitable individual and not a firm of the size of Jay Alix.


AMRESCO INC: Registration statement Modified
--------------------------------------------
Amresco Inc. reports to the SEC on Form S-8; the  
Registration Statement being filed by the Company with the
Securities and Exchange Commission under the Securities Act
of 1933, as amended, covers an additional 500,000 shares of
common stock, par value $0.05 per share, that  may be
offered and sold to the employees of the Company pursuant
to the AMRESCO, INC. 1995 Employee Stock Purchase Plan.


AVATEX: Reports Third Quarter Results
-------------------------------------
Avatex Corporation (NYSE: AAV) today announced  
financial results for the second quarter and the first six
months of fiscal 1999 ending September 30, 1998.

Second Quarter - Avatex reported revenues for the second
quarter of $2.4 million compared to $3.7 million for the
corresponding period of the previous year.  The decrease
was due primarily to the sale of one of the Company's real  
estate partnership interests during the fourth quarter of
fiscal 1998.  

After preferred stock dividends of $7.0 million, the
Company recorded a net loss to common shareholders of $9.7
million, or $0.71 per share, compared to a net loss to
common shareholders of $7.9 million, or $0.57 per share, in
the previous year.

Avatex reported revenues for the six months ended September
30, 1998 of $4.9 million compared to $6.8 million for the
corresponding period of the previous year. The Company
reported an operating loss of $2.7 million compared to an
operating loss of $32.6 million a year ago.  Current year
operating income was adversely affected by costs associated
with the Company's announced restructuring.  The prior year
operating results included a one-time charge of  $33.3
million incurred in connection with the settlement reached
with the Chapter 7 Trustee of the Company's bankrupt
subsidiary FoxMeyer Corporation and the $1.7 million income
on the settlement of litigation discussed above.

After preferred stock dividends of $13.7 million, the
Company recorded a net loss to common shareholders of $19.1
million, or $1.38 per share, compared with a net loss to
common shareholders of $51.0 million, or $3.70 per share in
the previous year.


BARNEY'S INC: Reports Year-End Results
--------------------------------------
Barney's Inc. announced results for the fiscal year-ended
August 1, 1998.  Losses for the year narrowed to $20  
million on sales of $343 million for the 52-week fiscal
year; versus a loss of $95 million on sales of $361.5
million for the 53-week fiscal 1997. The Company
reported an EBITDA improvement of nearly $20 million, year-
over-year, with fiscal 1998 EBITDA of $17.7 million versus
a loss of $2.1 million on an EBITDA basis in fiscal 1997.  
Gross margins improved to 47.9% in 1998 from 46.8% the  
previous year.

For the comparable 52-week period, comp store sales
increased 9.3%, demonstrating the Company's success in
migrating customers to the Madison Avenue flagship after
the closing of the 17th Street location.

"Barney's turnaround is substantially complete, with
dramatic operational and financial improvements in all
measurable areas," said Thomas C. Shull, Chief  
Executive Officer.  "Barney's merchandising and store
presentation remain unparalleled in the industry, and the
year-end results demonstrate our success in elevating the
Company's performance to the high level of the Barney's
brand.
  
With our financial and operational house in order, we are
extremely bullish about the Company's future.  Based on our
current trends for the six-month period from August to
January 1999, we anticipate exceeding last year's EBITDA  
performance for the comparable six-month period."

The Company also announced that it has named Edward Lambert
to the position of Chief Financial Officer, replacing John
Dubel.  Lambert is the co-founder and Managing Director of
Meridian Ventures, Inc., the turnaround and investment  
firm which was retained by Barney's in September 1997.


BUTTERWINGS ENTERTAINMENT: Notice of Sale of Assets
---------------------------------------------------
Pursuant to an order entered by the Bankruptcy Court on
November 12, 1998, Butterwings Entertainment Group, Inc.
and Cookie Crumbs Inc. will conduct a sale of substantially
all of the debtors' assets, consisting of ten Mrs. Fields
Cookie stores, including the assumption and assignment of
their Mrs. Fields sub-leases and franchise agreements.  A
hearing on the proposed sale shall be held before the
Honorable Robert E. Ginsberg in Courtroom 644, 219 S.
Dearborn St., Chicago, Illinois on December 2, 1998 at
10:00 am.

The debtors have received an offer from Sealog of
Minnesota, Inc. to purchase the stores for the aggregate
sum of $800,000 subject to higher and better bids at the
hearing.


DIGICASH: Files For Bankruptcy Protection
-----------------------------------------
The privately held Palo Alto, Calif., software-maker filed
for Chapter 11 bankruptcy protection last week, capping a
skid during which its work force fell from 50 early in the
year to just six employees who will oversee a  
restructuring.

The demise of DigiCash, now $4 million in debt, underscores
the difficulty companies have had trying to position
electronic cash as an alternative to credit cards for
online shopping. Only one other proponent, CyberCash of  
Reston, Va., has been even modestly successful, and it has
yet to turn a profit.  Despite initial concerns about
security, consumers appear increasingly willing to use
their credit cards online to buy everything from books to  
airline tickets.

Analysts said there is no demand for electronic cash right
now. "There could be way in the future, but it's not
something that anyone can possibly make money off of
today," said Erina DuBois of Dataquest.

DigiCash's electronic cash, called eCash, is paperless
money that can be transferred on the Internet. A computer
user withdraws eCash electronically from a bank that also
subscribes to the system (Austin American Statesman -
11/09/98)


ENSEC INTERNATIONAL: Enters Merger Agreement
--------------------------------------------
On October 28, 1998, Ensec International, Inc. and Sentech
International, Inc. entered into an Agreement and Plan of
Merger which provides, among other things, that upon
the terms and subject to the conditions thereof, each of
Ensec and Sentech shall merge into wholly-owned
subsidiaries of Sensec International, Inc., a
newly formed Delaware corporation. Ensec and Sentech will
be the surviving subsidiary corporations in the merger
transactions.

In the merger each outstanding share of common of Ensec
(other than shares held by holders exercising decanters
rights under applicable laws) will be converted into the
right to receive 0.2180149 shares of Sensec. After
completion of the merger, the Ensec shareholders will own
1,425,000 shares of Sensec and the Sentech shareholders
will own 950,000 shares of Sensec.

The closing of the Agreement is subject to, among other
things, approval by Sentech and Ensec shareholders and the
obtaining of fairness opinions by both Ensec and Sentech.

A full text copy of the agreement is available at
http://www.sec.gov/Archives/edgar/data/0001042910-98-
001039.txt


GOLDEN BOOKS: With $18.9 M Loss Chairman Sees Progress
------------------------------------------------------
Golden Books Family Entertainment Inc. lost $18.9 million
in the third quarter, compared with a $17.9 million loss in
the third quarter of 1997, the company reported Monday.
The firm's loss per basic common share, however, narrowed
to 71 cents from 76 cents in the year-ago quarter.
Excluding revenue from operations that have been sold,
sales rose to  $52.0 million from $47.6 million in the
third quarter of 1997.

"While this has been the most difficult of years in all
respects for our company, we are making good progress in
improving our gross margins, which will be reflected
primarily in 1999, and in reducing our selling, general and
administrative expenses," Golden Books chairman and chief
executive officer Richard E. Snyder said in a statement.

Golden Books, a New York-based children's book publisher
that operates a 600-employee printing plant in Sturtevant,
defaulted on $150 million in senior debt last month by
failing to make a $5.7 million interest payment.

The company said last week that it was close to completing
a "standstill agreement" with a committee representing
holders of about $100 million of the senior debt notes. The
agreement would shield Golden Books from action by the
senior creditors through Feb. 16. That, in turn, would buy
time for a more complete restructuring of Golden Books'
debt, one analyst said Monday.  Golden Books' negative net
worth deepened from the second to the third quarter,
according to the company's latest filing with the
Securities and Exchange Commission.

In its latest quarterly filing, Golden Books said it had
"decided to pursue a financial restructuring of the
company." The firm also noted that its "recurring losses
from operations, liquidity and its ability to restructure  
existing debt with its creditor and net capital deficiency
raise substantial  doubts about its ability to continue as
a going concern."

The company last week reported it had a commitment for a
$45 million line of credit from CIT Group. That would
replace a $30 million credit facility with NationsCredit.
Before Monday's announcement, Golden Books shares closed at
72 cents, down 19 cents. (Milwaukee Sentinel Journal-
11/10/98)


GULF CANADA RESOURCES: Reports Third Quarter Results
----------------------------------------------------
Gulf Canada Resources Ltd. files a Form 10-Q quarterly
report with the SEC for the quarterly period ended
September 30, 1998. On September 30, 1998, there were
348,935,744 ordinary shares of stock issued and
outstanding.

Gulf's net oil and natural gas revenues for the nine months
ended September 30, 1998 were $797 million, down $78
million or nine per cent from revenues of $875 million for
the first nine months of 1997.  The third quarter 1998
revenues of $259 million were $68 million lower than the
same period in 1997. Cash generated in the third quarter
was $96 million, compared with $155 million in the same
period of 1997. Gulf's loss from continuing operations
during the nine-month period was $460 million, compared
with earnings of $204 million during the first nine months
of 1997.  The third quarter ended in a loss from continuing
operations of $358 million of which $60 million is due to a
loss from operating results and $298 million to one-time
adjustments

A full-text copy of the filing is available via the
Internet at:

http://www.sec.gov/Archives/edgar/data/0000927356-98-
001763.txt


HUNGARIAN BROADCASTING: Notification of Late Filing
---------------------------------------------------
Hungarian Broadcasting Corp. notifies the SEC of a late
filing of its Form 10-Q due to a change in personnel.


INTERNATIONAL WIRELESS: Seeks To Retain KPMG Peat Marwick
---------------------------------------------------------
The debtors, International Wireless Communications
Holdings, Inc. and its affiliated companies seek a court
order authorizing the retention of KPMG Peat Marwick LLP as
tax preparers, tax consultants, and accountants for the
debtors.

The firm charges an hourly rate ranging from $175 to $350.
The debtors state that the services of KPMG are necessary
in order to enable the debtors to comply with applicable
federal, state and municipal laws regarding the payment of
taxes.


LESLIE FAY: Reports Improved Third Quarter Results
--------------------------------------------------         
The Leslie Fay Company, Inc. (OTC Bulletin Board: LFAY)
reports for its third quarter of 1998, a 17.4%
increase in net sales to $48.8 million from $41.6 million
in net sales for the year-ago quarter.  Gross profit margin
of 24.9% for the third quarter of 1998 improved from 23.4%
for the year-ago quarter.  The company's operating income  
for third-quarter 1998 increased by 24.0% to $6.0 million
from $4.9 million for  third-quarter 1997.

After adjusting the year-ago quarter for comparability,
earnings per diluted share for 1997 were $0.45. Taking into
account this adjustment, Leslie Fay's earnings per diluted  
share for the third quarter of 1998 grew to $0.55, an
increase of 22% from the year-ago period.

Average shares outstanding, assuming dilution, were 6.8
million for the third quarter of 1998 and 6.9 million for
the year-ago quarter. During the third quarter of 1998,
Leslie Fay re-purchased 817,100 shares, or about 12% of the
total outstanding, pursuant to a share buyback plan
announced in April.  As of October 3, 1998, there were
5,994,900  shares outstanding.

Results for both years include as an offset to operating
expenses the positive impact of amortizing the amount by
which revalued net assets as of June 4, 1997 exceeded
stockholder equity -- a non cash item in connection with
the company's  emergence from bankruptcy.  This positive
offset to expenses amounted to $1.1 million, or $0.17 per
diluted share, for each period on both an operating and  
net income basis.

Leslie Fay's EBITDA for the company's third quarter of 1998
was $5.4 million, compared with $3.9 million for the year-
ago quarter -- up 39.4%. Leslie Fay's EBITDA as a
percentage of sales for the third quarter of  
1998 was 11.0%, a significant strengthening from the year-
ago period's EBITDA of 9.3%, as well as from the year-to-
date EBITDA of 9.6%, and from the 12-month  1997 pro forma
EBITDA of 5.9%.  Trailing 12-month EBITDA was $10.5
million, or 7.1% of trailing 12-month sales of $148.7
million.

For its first nine months of 1998, Leslie Fay reported a
15.6% increase in net sales to $122.7 million from $106.2
million in net sales for the company's year-ago first nine
months.  Gross profit margin of 25.8% for the
first nine months of 1998 improved from 25.0% for the year-
ago period.  Operating income for third-quarter 1998
increased by 10.2% to $13.6 million from $12.3 million for
the first nine months of 1997.

Before adjustments for purposes of comparability to Leslie
Fay's 1997 accrual for taxes, Leslie Fay's net income for
the first nine months of 1998 declined to $8.9 million, or
$1.33 per basic share, from net income of $9.3 million, or  
$1.36 per basic share, for the first nine months of 1997.

The amounts accrued for taxes in 1997 are not comparable to
those for 1998 due to factors in 1997 related to the
company's exit from bankruptcy.  Adjusting for
comparability,  the tax accrual for the first nine months
of 1997 would be increased by $1.4  million, causing 1997
net income, on a comparable basis, to be reduced to $7.9  
million, or $1.16 per basic share.  Taking into account
this adjustment, Leslie  Fay's net income for the first
nine months of 1998 grew by $1.1 million, or  13.5% and
earnings per basic share grew by 14.7%.

Assuming dilution and before adjustments for purposes of
comparability to Leslie Fay's 1997 accrual for taxes,
Leslie Fay's net income for the first nine months of 1998
declined 2.3% to $1.26 per diluted share from net income of  
$1.29 per diluted share for the year-ago period.  As
previously noted, the amounts accrued for taxes in 1997 are
not comparable to those for 1998 due to factors in 1997
related to the company's exit from bankruptcy.  After
adjusting  the first nine months of 1997 for comparability,
earnings per diluted share for  that period were $1.10.  
Taking into account this adjustment, Leslie Fay's earnings
per diluted share for the first nine months of 1998 grew by
$0.16, an  increase of 14.6% from the first nine months of
1997.

Leslie Fay's EBITDA for the company's first nine months of
1998 was $11.8 million, up 26.9% from $9.3 million for the
year-ago first nine months. Leslie Fay's EBITDA as a
percentage of sales for the first nine months of 1998 was  
9.6%, compared with the year-ago period's adjusted EBITDA
of 8.7%.

Leslie Fay's plan of reorganization was confirmed by the
U.S. Bankruptcy Court on April 21, 1997.  The reorganized
Leslie Fay filed its annual report (Form  10K) covering the
pre- and post-Chapter 11 periods with the Securities and  
Exchange Commission on April 3, 1998.


LOUIS ALLIS: Shut Down Hits Motor-Buying Customers Hard
-------------------------------------------------------
Louis Allis Co. filed for Chapter 7 bankruptcy reporting
$17.1 million in assets and $19.6 million in liabilities,
$12.4 million of that secured.  Louis Allis was once a
major Milwaukee manufacturer, specializing large industrial
electric motors and employing 2,800 people as of the late
1960's.  But the fortunes of the company declined in recent
decades, and it appeared to be headed for a shutdown until
Daniel E. Stetler, former president of Louis Allis led a
management buyout in 1994.  The company turned a profit for
three years, then floundered.  According to Bank One
Wisconsin, which holds about $10.3 million in Louis Allis
debt, several creditors are attempting to get work-in-
progress released.


MANHATTAN BAGEL: First In-Store Unit
------------------------------------
Manhattan Bagel Company (Nasdaq: BGLSQ) today announced the
recent opening of its first franchised shop within a Weis  
Markets (NYSE: WMK) superstore here.  The bagel shop is
situated within the newly built, 65,000-square-foot
superstore at the Red Rose Commons shopping center, located
near the intersection of Route 30 and Fruitville Pike.

The new 700-square-foot Manhattan Bagel shop is franchised
by Lancaster-based Bird-In-Hand Corp.  Bird-In-Hand
principal John Smucker also operates a Manhattan Bagel
franchise in Lancaster as well as other foodservice
businesses.

With the opening, Weis Markets joins such other supermarket
companies as Clemens Markets, D&W Food Centers, and
Foodtown that already host in-store Manhattan Bagel shops.  
All supermarket shops are operated by Manhattan Bagel  
franchisees or licensees.  Weis Markets, based in Sunbury,
Pa., currently operates 157 supermarkets in six states,
including 14 stores in Lancaster County.

Manhattan Bagel currently franchises, licenses or operates
approximately 290 stores in 18 states, Washington, D.C.,
and Israel.  The Company also operates bagel dough
manufacturing plants in Eatontown, N.J. and Los Angeles.

On July 29, Manhattan Bagel announced that it had signed an
agreement to be acquired by New World Coffee & Bagels Inc.
(Nasdaq: NWCI).  Following the acquisition, it is expected
that both chains will retain their individual identities
while consolidating their corporate infrastructure to
create a network of approximately 340 bagel shops and
coffee/bagel cafes.  The two companies have filed a joint
plan of reorganization that would enable Manhattan Bagel to
emerge from Chapter 11 bankruptcy protection.  The
transaction, which is subject to necessary bankruptcy court
approvals, would provide no value to existing Manhattan
Bagel shareholders.

The Company filed for protection under Chapter 11 of the
Federal Bankruptcy Code in November 1997 and is operating
as a debtor-in-possession. The Company's success is highly
dependent on its ability to structure and implement a plan
of reorganization, to complete the previously announced
transaction with New World Coffee & Bagels Inc., and to
emerge from the Chapter 11 proceedings.


NU-KOTE HOLDING: Case Summary
-----------------------------
Debtor:  Nu-Kote Holding Inc.
         200 Beasley Drive
         Franklin, Tennessee 37064

Type of business: Independent manufacturer and distributor
of impact and non impact imaging supplies for office and
home printing devices.

Court: Middle District of Tennessee

Case No.: 398-10600    Filed: 11/06/98    Chapter: 11

Debtor's Counsel: Frank J. Wright, Esq.
                  Hance/Scarborough/Wright
                  2900 Renaissance Tower
                  1201 Elm Street
                  Dallas, Texas
                  (214) 742-2900

Total Assets:              232 million
Total Liabilities:         217 million


No. of shares of common stock   21,775,302 - 3,600 holders

20 Largest Unsecured Creditors: None


PINNACLE BRANDS: Seeks Approval of Agreement With Leaf
------------------------------------------------------
Pinnacle Brands, Inc. and its debtor affiliates seek a
court order authorizing and approving the assumption and
assignment of the Leaf License Agreement in connection with
and contingent upon the closing of a sale of the debtor's
assets pursuant to the purchase agreement to Playoff
Corporation.


PINNACLE MICRO: May File For Bankruptcy Protection
--------------------------------------------------
Facing continued severe liquidity problems, Irvine, Calif.-
based Pinnacle Micro cannot explain the recent increase in
the price and trading volume of its shares, according to a
newswire report. The company is seeking sources for longer-
term financing and is operating under an informal
moratorium on repayment of its trade debt with no defined
termination date. A creditors' committee granted the
moratorium. Pinnacle continues to be in default of its
agreement with its secured lender, but the lender has
continued to provide borrowings to the company. If the
lender does not continue to cooperate with Pinnacle, it
may be unable to make payments on its line of credit and
may file for bankruptcy protection. Pinnacle Micro, founded
in 1987, produces optical storage technology and
recordable CD storage systems for general data storage and
data intensive applications.


THE CARE GROUP: Notice of Meeting of Creditors
----------------------------------------------
The debtor, The Care Group, LLC filed an order combined
with notice of chapter 11 bankruptcy case, Meeting of
creditors & deadlines.

The debtor is The Care Group, LLC, 257 Park Avenue South,
Suite 12A, New York, NY 10010.

Attorney for the debtor is Vincent L. Hazen, Hazen &
Terrill, 111 Congress Avenue, Austin, Texas.

The meeting of creditors is set for December 8, 1998 at
10:00 am in the Austin Room 118, Homer Thornberry Bldg.,
903 San Jacinto, Austin, Texas.

Deadline for proof of claim: March 8, 1999, for a
governmental unit: May 4, 1999.


URBAN COMM: Case Summary & 20 Largest Creditors
--------------------------------------------------
Debtor:  Urban Comm-Mid-Atlantic, Inc.
         505 Eighth Avenue
         9th Floor
         New York, NY 10018

Type of business: Operating company and owner of all of the
stock of Urban Comm-North Carolina Inc.

Court: Southern District of New York

Case No.: 98B47997    Filed: 11/05/98    Chapter: 11

Debtor's Counsel: Charles E. Simpson
                  Windels, Marx, Davies & Ives
                  156 West 56th Street
                  New York, New York
                  (212)237-1000
                  
Total Assets:              $9.8 million
Total Liabilities:         $10.5 million
                                                   No. of
                                         Amount    Holders
                                         ------    -------
Fixed, liquidated secured debt     $10.5 million         1


No. of shares of preferred stock              0          0
No. of shares of common stock             1,000  

20 Largest Unsecured Creditors:

   Name                              Nature         Amount
   ----                              ------         ------
Gabriel Capital, LP      Loan to Subsidiary   $10.5 million


URBAN COMMUNICATORS: Case Summary & 20 Largest Creditors
--------------------------------------------------------
Debtor:  Urban Communicators PCS Limited Partnership
         505 Eighth Avenue
         9th Floor
         New York, NY 10018

Type of business: Holding Company of Urban Comm-Mid-
Atlantic, Inc., who is the operating company of Urban Comm-
North Carolina, Inc., the holder of 23 PCS licenses issued
by the FCC.

Court: Southern District of New York

Case No.: 98B47996    Filed: 11/05/98    Chapter: 11

Debtor's Counsel: Charles E. Simpson
                  Windels, Marx, Davies & Ives
                  156 West 56th Street
                  New York, New York
                  (212)237-1000


Total Assets:              $9.8 Million
Total Liabilities:       $21.8 Million
                                                   No. of
                                         Amount    Holders
                                         ------    -------
Fixed, liquidated secured debt       $17,208,835      2          
0
Contingent secured debt                      $0          0
Disputed secured debt                        $0          0
Unliquidated secured debt                    $0          0

Fixed, liquidated unsecured debt        4,573,678  27
Contingent unsecured debt                    $0          0
Disputed unsecured claims               65,000   1
Unliquidated unsecured debt                  $0          0

No. of shares of preferred stock              0          0
No. of shares of common stock                 0          0

20 Largest Unsecured Creditors:

   Name                              Nature         Amount
   ----                              ------         ------
Gabriel Capital, LP        Guaranty of Loan    $10,508,835
Inner City Cable                       Loan    $6.7 million
Lowenbaum & Company Financing      Advisory      $72,217
Rubin, Winston,              Legal Services      $105,000
Coopers & Lybrand          Accounting Services   $65,500
Skadden Arps                  Legal Services      $63,801
Nat'l. Assoc, of Black-Owned Broadcasters        $12,000
American Express Co.         Consultant Fees     $6,210
Lois E. Wright, Esq.         Consultant Fees     $594,000
James L. Winston, Esq.       Consultant Fees     $636,000
Sydney L. Small              Consultant Fees   $1,331,500
E. Lee Kaywork              Management Bonus     $120,000


VAN LEUNEN'S: Hearing on Approval of Disclosure Statement
---------------------------------------------------------
The debtor, Van Leunen's Inc. filed a Disclosure Statement
on November 3, 1998.  A hearing on the approval of the
Disclosure Statement will be held before the Honorable J.
Vincent Aug, Jr., US Bankruptcy Court, 221 E. Fourth
Street, atrium Two, Cincinnati, Ohio, Courtroom #2, Suite
814 on December 3, 1998 at 3:00 p.m.


WSR CORPORTION: Notice of Bar Date
----------------------------------
WSR Corporation, R&S/Strauss, Inc., National Automotive
Stores, Inc. and National Auto Stores, Corp., debtors,
notify all creditors of the debtors that a proof of claim
against each of the debtors against which the creditor
wishes to assert a claim must be filed on or before 4:00
p.m. on November 30, 1998. ("Bar Date")


YES!ENTERTAINMENT: Nasdaq Planning To End Listing of Shares
-----------------------------------------------------------
The Wall Street Journal of November 12, 1998 reports that
the Nasdaq Stock Market has notified Yes! Entertainment
Corp. of Pleasanton, California that it intends to remove
the company's common stock from its listings.  Nasdaq said
the company has failed to amintain the exchange's minimum
bid price and market value and has fallen below its minimum
net-tangible-asset requriement.  


DLS CAPITAL PARTNERS: Bond Pricing For Week of November 9
---------------------------------------------------------
Following are indicated prices for selected issues:

Acme Metal 10 7/8 '07                 18 - 21 (f)
Amer Pad & Paper 13 '05               49 - 52
Amer Telecasting 0/14 1/2 '04         22 - 24
Asia Pulp & Paper 11 3/4 '05          76 - 77
Boston Chicken 7 3/4 '05               7 - 8 (f)
Brazos 10 1/2 '07                     23 - 27
Brunos 10 1/2 '05                     12 - 15 (f)
Cityscape 12 3/4 '04                  15 - 18 (f)
E & S Holdings 10 3/8 '06             36 - 43
Globalstar 11 1/4 '04                 70 - 72
Hills 12 1/2 '03                      54 - 58
Liggett 11 1/2 '99                    73 - 76
Mobilemedia 9 3/8 '07                 17 - 20 (f)
Penn Traffic 9 5/8 '05                16 - 17
Planet Hollywood 12 '05               37 - 40
Royal Oak 12 3/4 '06                  45 - 50
Samsonite 10 3/4 '08                  80 - 82
Service Merchandise 9 '04             49 - 50
Sunbeam 0 '18                         12 - 13
Zenith 6 1/4 '11                      17 - 20 (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.  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.  

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