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/raid1/www/Hosts/bankrupt/TCR_Public/990408.MBXT R O U B L E D C O M P A N Y R E P O R T E R Thursday, April 8, 1999, Vol. 3, No. 68 Headlines BOYDS WHEELS: Completes Chapter 11 Case BRADLEES: Reports $6.8 Million Increase BMJ MEDICAL MANAGEMENT: Extension of Exclusivity BOSTON CHICKEN: Seeks To Reject Six Leases BOSTON CHICKEN: Seek Authority To Sell Personal Property CLARK BAR: Plans To Close By June; May Be Sold At Auction COVENTRY HEALTH CARE: Files Registration Statement DENBURY RESOURCES: Annual Meeting of Shareholders DP PRODUCTIONS: Video Production Firm Files Chapter 11 EAGLE PICHER: Files Quarterly Report With SEC HOMELAND HOLDING: Annual Report HOMELAND HOLDING CORPORATION filed its FORM 10-K JUMBOSPORTS: Seeks Extension of Exclusivity MUSICLAND: Annual Meeting of Shareholders NIAGRA MOHAWK: Sale of Oswego Steam Station ONEITA INDUSTRIES: Order Extends Exclusivity PENNCORP FINANCIAL: Subsidiary Stock Sale PHOENIX INFORMATION: Plan Confirmed; Stock Trading Ends PITTSBURGH PENGUINS: Creditors Appeal SERVICE MERCHANDISE: Meade Instruments Comments on Case SPECTRUM INFO: Offers New Web Site USN COMMUNICATIONS: CoreComm Receives Court OK For Purchase WIRELESS ONE: Seeks Approval of Stipulation of Compromise WIRELESS ONE: To Issue $128.4 Million In Shares Under Plan WORLDWIDE DIRECT: Time To Assume/Reject Leases Extended ********* BOYDS WHEELS: Completes Chapter 11 Case --------------------------------------- Boyds Wheels Inc. completed its chapter 11 case last week when an 80 percent stake in the company was transferred to Arizona-based Automotive Performance Group (APG), The Los Angeles Times reported. Boyds filed chapter 11 in January 1998, and its plan was approved this past January. APG will invest $2 million into reviving Boyds and pay about $950,000 in administrative claims relating to the bankruptcy case. APG will move its offices and some administrative employees from Tempe, Ariz. this summer to Orange County, but a new headquarters site has not been selected. BRADLEES: Reports $6.8 Million Increase --------------------------------------- The Patriot Ledger, Quincy MA reports on April 1, 1999 that just two months after emerging from bankruptcy, Bradlees Inc. reported earnings of $32.4 million for fiscal 1998, a $6.8 million increase over fiscal 1997. The Braintree-based company reported net income, earnings before property gains or losses, interest, taxes, depreciation and amortization, for fiscal 1998 of $285.9 million compared with a net loss of $22.6 million for the previous year. Fiscal 1998 net income included a one-time net gain of $311.3 million associated with the firm's emergence from Chapter 11. Total sales for fiscal 1998 totaled $1.4 billion, about the same as the prior year. Fourth-quarter sales were $444.19 million, down from $461.8 million during the same period one year ago. Neil Moses, chief financial officer, credits Peter Thorner, Bradlee's chairman and chief executive officer, for the rebound. He said Thorner lowered prices, made sales of fashion apparel and decorative home furnishings a priority and reintroduced the lay-away plan, a departure from previous management. BMJ MEDICAL MANAGEMENT: Extension of Exclusivity ------------------------------------------------ BMJ Medical Management, Inc. et al., debtors, seek to extend the exclusive periods to propose a plan of reorganization and solicit acceptances thereof. The debtor seeks an extension through and including October 12, 1999 for the plan proposal period and through and including December 13, 1999 for the solicitation period. The debtors claim that given the unnecessary and extraordinary drain on their resources caused by the intentional violations of the automatic stay, the debtors' efforts to date in pursuing and actually achieving progress in their reorganization is, alone, cause to grant the requested extension. With the complexities of confirmation and the financial and operational complexities of 34 different Medical Groups, there can be no doubt that the debtors require additional time to negotiate an acceptable plan. A hearing on the motion will take place on April 23, 1999. BOSTON CHICKEN: Seeks To Reject Six Leases ------------------------------------------ The Debtors seek to reject six leases of non-residential real property. The Debtors have closed the restaurants formerly operated on the leased property and as a consequence no longer use the real property controlled under the leases for business purposes. The Debtors have determined that the leases have terms that are burdensome and too expensive for the Debtors. The Debtors seek to reject leases at the following locations: Massepequa, NY, Cape Coral, Fla., Sylvania, OH, Chatham, NJ, Bountiful, UT, San Francisco, Calif. and Dover, NH. (Boston Chicken Bankruptcy News- Issue 9- Bankruptcy Creditors' Service Inc. Phone 609-392-0900 FAX 609-392-0040 April 6, 1999) BOSTON CHICKEN: Seek Authority To Sell Personal Property -------------------------------------------------------- The Debtors seek authority to sell personal property outside the ordinary course of business and approval of a settlement agreement between the Debtors and Fleet Business Credit Corporation. The Debtors owned nine parcels of real property in California, which were sites of Boston Market restaurants; The nine restaurant leases have all been rejected by the Debtors. The premises secure obligations of the Debtors to Fleet, estimated to be in excess of $7,300,000. The Debtors in accordance with the Court's Order authorizing the sale of property outside the ordinary course of business free and clear of liens as the result of store closings, sold and assigned to A.R. Pagan & Company all of their right, title and interest in substantially all the personal property located at these nine store locations premises. The Debtors have now negotiated a settlement with Fleet which, among other things provides for the transfer to Fleet, by deeds in lieu of foreclosure, of the premises. The Debtors are also to transfer to Fleet, free and clear of liens, all property remaining at the premises. In return, Fleet will release the Debtors of all obligations. The nine stores are located in the following cities: Bakersfield, Poway, Mission Viejo, Oceanside Riverside, Victorville, Palmdale, Lompoc. (Boston Chicken Bankruptcy News- Issue 9- Bankruptcy Creditors' Service Inc. Phone 609-392-0900 FAX 609-392-0040 April 6, 1999) CLARK BAR: Plans To Close By June; May Be Sold At Auction --------------------------------------------------------- The Pittsburgh Post-Gazette reports on April 7, 1999 that Clark Bar America, the entered bankruptcy court protection for a second time a month ago, and could be sold at public auction in May and close its O' Hara factory by June. The fate of the plant and its 160 employees depends on the winning bidder, said Clark spokeswoman Diana Scally. Company officials have been preparing for the possibility that a new owner might want to close the O' Hara operation, either to set up shop elsewhere in Pittsburgh or take the Clark name out of the state. Clark has notified the state Department of Labor & Industry that it will close the plant on June 1. In a letter accompanying the plant-closing notice, Archie Strimel, the company's chief executive officer, called the shutdown permanent and said it would affect 160 employees, including union factory workers and management. Scally said the notification does not preclude a new owner from continuing operations. But Clark can't afford to keep operating it much longer, she said. "Just from a cash flow situation, we could never go on with the situation." Since the company filed for Chapter 11 bankruptcy protection and announced it would seek buyers, Scally said, between 20 and 30 potential buyers have requested information. Inquiries have come from other candymakers, food companies interested in getting into the candy business and individual investors. About eight to 10 of those seem serious about bidding on the assets of the company, which owns the rights to make Clark Bars and Yoo-Hoo Bars. The company still owes the county money on the $1.4 million loan granted when Clister first bought Clark. During times of duress such as last summer's violent storms, Clark has been allowed to skip payments. Last March, the Redevelopment Authority of Allegheny County approved an $850,000 loan to help Clark build a new $2.7 million plant. The company wasn't able to come up with matching funds necessary to claim the funds. In addition, the redevelopment authority last year released its security interest in the trademark for the Bun Bar, which Clark then sold to a Minnesota firm for $400,000. COVENTRY HEALTH CARE: Files Registration Statement -------------------------------------------------- Coventry Health Care Inc. filed a Registration statement with the SEC relating to 20,355 shares of common stock under the 1998 Performance Incentive Plan of Coventry Health Care, Inc. Coventry's common stock is traded on The Nasdaq Stock Market under the symbol "CVTY." On April 1, 1999, the last reported sale price of the common stock on The Nasdaq Stock Market was $8.00 per share. A full-text copy of the filing is available via the Internet at: http://www.sec.gov/Archives/edgar/data/0000950133-99- 001202.txt DENBURY RESOURCES: Annual Meeting of Shareholders ------------------------------------------------- Denbury Resources Inc. will be held at the Denbury offices located at 5100 Tennyson Parkway, Suite 3000, Plano, Texas on Wednesday, the 19th day of May, 1999 at 3:00 o'clock in the afternoon for the following purposes: 1. To receive and consider the consolidated financial statements of Denbury, together with the auditors' report thereon, for the year ended December 31, 1998; 2. To elect directors; 3. To appoint auditors and to authorize the directors to fix their remuneration as such. DP PRODUCTIONS: Video Production Firm Files Chapter 11 ------------------------------------------------------ D.P. Productions Inc., better known as StudioMagic Productions, filed for chapter 11 protection late last month in Riverside, Calif., according to The Business Press. The Temecula, Calif., video production company plans to reorganize and is working on a plan to pay creditors. Founder and President Brian Padberg sees three options for the company: sell part of it to investors, sell the entire company or arrange long-term loans. He prefers to go the loan route and expects to be successful in getting financing because the company's asset base is $750,000, while liabilities are only $150,000. He also said the company can use its hardware and equipment for collateral, and that he hopes to have everything resolved by April 30. StudioMagic filed for protection because of cash flow shortage problems. EAGLE PICHER: Files Quarterly Report With SEC --------------------------------------------- EAGLE-PICHER HOLDINGS, INC. filed a quarterly report with the SEC for the quarter ended February 28, 1999. Net Sales. The Company's net sales were $194.4 million for the first quarter ended February 28, 1999, a decrease of $11.4 million or 5.5% from the comparable period of 1998. Included in the results of the first quarter of 1998 are sales of the Trim Division, which, if excluded, would result in a decrease in the Company's quarterly net sales of approximately 2.2%. HOMELAND HOLDING: Annual Report ------------------------------- HOMELAND HOLDING CORPORATION filed its FORM 10-K for the fiscal year ended January 2, 1999. Net sales increased $1.6 million from $528.0 million for 1997 to $529.6 million for 1998. The increase in sales is attributable to four stores which were acquired during 1997 and were first included for a full year in 1998 (one in August and three in October), partially offset by a 1.0% decline in comparable store sales and the closing of one store during 1998. The company reports a net loss of $10.5 million for the year ending January 2, 1999 compared to a net loss of $10.6 million for the corresponding period in 1997. JUMBOSPORTS: Seeks Extension of Exclusivity ------------------------------------------- The debtors, JumboSports Inc. seek an extension of the exclusive time that the debtors have to procure acceptance of a plan of reorganization. The debtors request an extension of the exclusive right to file a plan through and including June 1, 1999, provided that the debtors file a plan within that time, an extension of the debtors' exclusivity period through July 31, 1999. The debtors say that in addition to the size of these cases and the potential management change, a number of other factors currently impair the debtors' ability to file a plan of reorganization by April 26, 1999. For example the debtors are currently negotiating with various secured creditors and equipment lessors regarding restructuring of their obligations and valuation of their collateral. JumboSports Inc., has been sued by mortgage holders. This proceeding requests a determination that those properties are not property of the estate, an issue that may impact the terms of plan. JumboSports Inc. is also in the process of concluding its GOB sales on 17 stores. Marketing of real estate at these closed stores is ongoing, and it is likely that the debtors will receive purchase offers that may impact a plan. Also, an extension beyond the April 29 claims date will give the debtors an opportunity to evaluate all timely-filed claims prior to filing a plan. MUSICLAND: Annual Meeting of Shareholders ----------------------------------------- Musicland Stores Corporation announces its 1999 Annual Meeting of Shareholders. The meeting will be held at 11:00 a.m. on Monday, May 10, 1999 at Company Headquarters 10400 Yellow Circle Drive Minnetonka, Minnesota. The purposes of the meeting are: (1) To elect three Class I directors to the Board of Directors to serve for three-year terms. (2) To approve the Alternate Incentive Plan for Designated Senior Officers. (3) To approve Arthur Andersen LLP as independent auditors for the 1999 fiscal year. NIAGRA MOHAWK: Sale of Oswego Steam Station ------------------------------------------- Niagara Mohawk Power Corp. announced an agreement to sell the Oswego Steam Station electric generating plant to NRG Energy, Inc. Niagara Mohawk will receive $80 million for its 88 percent share of the 1,700-megawatt station. An agreement by co-owner Rochester Gas and Electric to sell its share of the plant is subject to approval by the company's board of directors. The successful sale of the Oswego plant will bring the total proceeds of Niagara Mohawk's fossil and hydroelectric divestiture to $860 million. "We are extremely pleased with the results of our divestiture process," said William E. Davis, Niagara Mohawk's chief executive officer. "We are now in a good position to implement our shareholder value strategy of retiring capital. Niagara Mohawk plans to use the $860 million from the asset sales and our continued strong cash flow from operations to retire more than $1 billion in debt this year." The agreement to sell the Oswego station is the latest successful step in Niagara Mohawk's POWERCHOICE restructuring plan. In December, the company announced agreements to sell its Huntley and Dunkirk coal plants to NRG for $355 million and its 72 hydroelectric generating plants to an affiliate of Orion Power Holdings Inc. for $425 million. Niagara Mohawk continues to pursue the sale of the remaining major components of the company's fossil and hydroelectric generating portfolio -- the Albany Steam Station, a 400-megawatt oil/gas facility; and a 300- megawatt stake in the Roseton Station, an oil/gas facility located in Newburgh. As previously announced, the company also continues to pursue the sale of its nuclear assets. "Niagara Mohawk is taking a deliberate and thorough approach to the auction of its generating assets and is achieving strong results," Davis said. "We will use the same approach for the sale of the Albany Steam Station and our share of the Roseton Station, which we hope to announce later this year." The Oswego Station, located on south shore of Lake Ontario in the city of Oswego, consists of two 850-megawatt operating units. RG&E is a 24 percent owner of one unit. The Oswego station primarily serves as reserve capacity for use during high-demand or low-supply periods. It operated at approximately 5 percent capacity in 1998. NRG Energy, a wholly owned subsidiary of Northern States Power Company (NYSE:NSP), is a leading independent power producer specializing in the development, construction, operation, maintenance and ownership of power plants. NRG is headquartered in Minneapolis. Under a transition power contract in place through June 2003, Niagara Mohawk will purchase electricity from NRG at negotiated prices. The sale is subject to approval by the New York Public Service Commission and various federal agencies. Niagara Mohawk expects to complete the transaction later this year. Investment bankers Merrill Lynch & Co. and Donaldson, Lufkin & Jenrette Securities are serving as Niagara Mohawk's financial advisors for the generation asset sale. ONEITA INDUSTRIES: Order Extends Exclusivity -------------------------------------------- By court order entered on march 26, 1999, the debtor's exclusive period in which to file a plan of reorganization and solicit acceptances thereof is extended through and including May 19, 1999. The order also provides that notwithstanding the extension, the Lenders, as a group, may file a plan of reorganization with respect to the debtor, sol long as such plan is supported by a majority of the Lenders who hold at least 2/3 in dollar amount of the Lenders' aggregate claims. PENNCORP FINANCIAL: Subsidiary Stock Sale ----------------------------------------- On March 31, 1999, PennCorp Financial Group, Inc.'s subsidiary, Pacific Life and Accident Insurance Company ("PLAC"), consummated the sale of all of the outstanding shares of common stock of Professional Insurance Company ("Professional") to GE Financial Assurance Holdings, Inc. ("GEFAH") pursuant to that certain Stock Purchase Agreement dated as of December 31, 1998, between GEFAH and PLAC for a net purchase price (after required capital contributions, the payment of transaction fees and expenses, the settlement of intercompany balances and the payment of certain amounts as required by the Stock Purchase Agreement), as subject to adjustment as provided therein, of approximately $40.5 million in cash. $40 million of such purchase price was paid on April 1, 1999 to the lenders under the Company's Amended Credit Agreement to reduce the amount of indebtedness outstanding thereunder. Effective as of March 31, 1999, the Credit Agreement dated as of March 12, 1997, as previously amended, among the Company, the lenders signatory thereto, the Managing Agents and the Co-Agents named therein and The Bank of New York, as administrative agent, was further amended to, among other things, (i) accelerate the maturity date of the loans, (ii) increase pricing applicable to the loans, (iii) provide for mandatory prepayments and commitment reductions, (iv) restrict the use of proceeds of the loans, (v) add covenants with respect to the Company and its subsidiaries including, without limitation, covenants with respect to cash management and use of cash proceeds held by the agent in a cash collateral account and (vi) adds certain additional "events of default." PHOENIX INFORMATION: Plan Confirmed; Stock Trading Ends ------------------------------------------------------- Phoenix Information Systems Corp. reports to the SEC that the company was a publicly traded holding company incorporated in Delaware. Phoenix owned a 70% interest in a joint venture with China Southern Airlines, named Hainan-Phoenix Information Systems Ltd. Phoenix had not generated any significant revenues, earnings or history of operations from inception through November 30, 1997. Consequently, Phoenix's continued existence depended primarily upon its ability to raise capital. On December 3, 1997, Phoenix announced that after an extensive and unsuccessful search for additional financing it had determined to seek protection under Chapter 11 of the United States Bankruptcy Code. Phoenix also announced that, subject to court approval, it had arranged for debtor-in-possession financing and a sale of substantially all its assets for $20 million to S-C Phoenix Partners, a major shareholder. On February 5, 1998, the Court approved the Asset Purchase Agreement with S-C Phoenix Partners, whereby Phoenix was authorized to sell substantially all of its assets. Phoenix and its subsidiaries permanently suspended all operations during February, and the sale of assets was finalized on February 25, 1998. On July 31, 1998, Phoenix filed an amended Joint Plan of Reorganization under Chapter 11 of the United States Bankruptcy Code. The Plan was confirmed by the Court on November 2, 1998. The confirmation authorized Phoenix to take such steps as may be necessary and appropriate, in its reasonable judgment, to halt trading in Phoenix equity interest. Phoenix notified NASDAQ of the Court's ruling on November 5, 1998, and the trading of Phoenix common stock was terminated. PITTSBURGH PENGUINS: Creditors Appeal ------------------------------------- A group of the Pittsburgh Penguins creditors have filed a notice that they are appealing a judge's ruling that the team cannot move out of the Civic Arena. The issue for these creditors, however, is not whether the team can move but what rights the team's creditors have in the bankruptcy proceedings, said Joel Walker, attorney for the committee of unsecured creditors, which filed its appeal Monday. Walker said the committee's appeal of the ruling by U.S. Bankruptcy Judge Bernard Markovitz will focus on that narrow issue. The team and one of its owners, Roger Marino, filed their appeal on Friday. In that appeal, they are seeking to overturn the judge's permanent injunction on the team's moving out of the Civic Arena. One group of creditors that has not filed an appeal of the judge's injunction on the team is the committee of secured creditors, which consists of the banks and insurance companies from which the team borrowed money. Joseph McDonough, the attorney for the secured creditors committee, said the lenders did not have to file an appeal because the team was planning to appeal the judge's order. SERVICE MERCHANDISE: Meade Instruments Comments on Case ------------------------------------------------------- Meade Instruments Corp. (Nasdaq/NM:MEAD) Wednesday commented on the recent bankruptcy filing of one of the company's largest customers, Service Merchandise Co. John C. Diebel, chairman and chief executive officer of Meade Instruments, noted that in the company's latest fiscal year ended Feb. 28, 1999, Service Merchandise accounted for slightly less than 10 percent of the company's total sales, compared with approximately 14 percent in the prior year. "It is always a concern when an important customer files for bankruptcy," said Diebel, "and we are closely monitoring the reorganization efforts of Service Merchandise. While we are of course disappointed with the turn of events at Service Merchandise, we remain optimistic that fiscal 2000 will be another record year for Meade Instruments. "We are especially encouraged by the fact that our new digital technology -- incorporated in the recently introduced ETX-90EC with the hand-held Autostar computer controller -- has been enthusiastically received and is being applied to our entire family of less-expensive refracting telescopes. "These DS ("digital series") telescopes will soon be on sale at many of the company's major retailers, including Wal-Mart and The Nature Company. Given the remarkable ability of the Autostar system to both educate and entertain," continued Diebel, "we anticipate that the entry-level DS refractors will measurably expand the entire market for less-expensive telescopes." Despite fourth-quarter charges of approximately $ 700,000 related to the Service Merchandise bankruptcy, concluded Diebel, Meade will report a profit in the fourth quarter of fiscal 1999. The company expects to report fourth-quarter and fiscal year-end financial results on Thursday, April 22, 1999. Meade Instruments is the leading designer and manufacturer of telescopes and accessories for the beginning to serious amateur astronomer. Meade also offers a complete line of binoculars for everyone from the casual observer to the serious sporting or birding observer. The company distributes its products worldwide through a network of specialty retailers, mass merchandisers and foreign distributors. SPECTRUM INFO: Offers New Web Site ---------------------------------- Spectrum Information Technologies, Inc. doing business as Siti-Sites.com (OTC BB: SITI) reported that it had entered into a business development agreement for a new food/lifestyle web site, primarily directed at working women, "minutemeals.com", currently in its launch (testing) phase. The agreement provides for a four month testing period after which SITI may elect to exercise its option, and acquire minutemeals.com as a wholly owned subsidiary. The ultimate merger will result in 500,000 shares of SITI being issued to the two owners of minutemeals.com (raising SITI's capitalization to nearly 10 million shares) and continued financing by SITI of the business. Minutemeals.com will provide complete menus, recipes and shopping lists from expert recipe creators and cooks. If SITI's acquisition option is exercised after the test phase, shares resulting from the merger will be released to Langhan and Moore as they reach operating goals. Langhan will be CEO and President, and Moore will be COO and Executive Vice President of the new minutemeals.com subsidiary of SITI. Other conditions, which protect the respective parties at various stages of the site's development, are included in the agreement. USN COMMUNICATIONS: CoreComm Receives Court OK For Purchase ----------------------------------------------------------- CoreComm Ltd. [COMMF] received approval from a U.S. Bankruptcy Court judge to purchase most of the wireline assets of USN Communications [USNC], a Chicago-based competitive local exchange carrier (CLEC). A year ago, USN was one of the success stories of the CLEC industry. However, its resale strategy provided thin profit margins, forcing the company to seek Chapter 11 protection Feb. 18. CoreComm, a Bermuda-based long-distance reseller, agreed to pay $41.2 million in cash and stock. USN's wireless business will be sold to Unified Signal Corp. for $20 million. (Communications Today -04/06/99 -Phillips Publishing, Inc.) WIRELESS ONE: Seeks Approval of Stipulation of Compromise --------------------------------------------------------- Wireless One, Inc., debtor, seeks entry of a court order approving the settlement of all claims of BT Alex.Brown, Inc. for $500,000 in cash and 50,000 shares of stock of the Reorganized Debtor, plus expenses. BT Alex.Brown asserts an entitlement to fees in the aggregate amount of $3.371 million, as reduced by $900,000 paid by the debtor. BT Alex.Brown agrees to accept in full satisfaction of its claim under the Engagement Letter, $500,000 and .5% of the initial reorganized equity of the reorganized debtor, plus reasonable out-of-pocket expenses, to be distributed on the Effective Date of the plan. In addition, the firm will cooperate with the debtor and its professionals in aid of confirmation of the plan. WIRELESS ONE: To Issue $128.4 Million In Shares Under Plan ---------------------------------------------------------- Estimated recoveries under Wireless One Inc.'s reorganization plan assume that about 10 million new common shares with a total value of roughly $128.4 million and new warrants to purchase 1,235,000 new shares with an approximate value of $5.3 million will be issued under the plan. As reported, financial advisor BT Alex. Brown Inc. has estimated that the reorganized company's enterprise value would be approximately $160 million. (The Daily Bankruptcy Review and ABI Copyright c April 7, 1999) WORLDWIDE DIRECT: Time To Assume/Reject Leases Extended ------------------------------------------------------- The U.S. Bankruptcy Court for the District of Delaware entered an order extending the debtors' (Worldwide Direct, Inc., et al.) time to elect to assume or reject the debtors' unexpired leases of nonresidential real property until June 17, 1999. ********* 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 in each Friday edition of the TCR, is provided 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 1999. 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 * * *