TCR_Public/990720.MBX    T R O U B L E D   C O M P A N Y   R E P O R T E R
      Tuesday, July 20, 1999, Vol. 3, No. 137                                              

ADVANTICA RESTAURANT: Registers Common Stock Of Security Holder
AFFORDABLE HOMES OF AMERICA: Subsidiary Kampen in Chapter 11
AMERICAN GAMING: Suits Dismissed/Judgments Set Aside
AMERICAN MOBILE: XM Radio Acquired Through Stock Exchange
APOGEE ENTERPRISES: Expansion To Slow Over Next 3 Quarters

BRUNO'S: Disclosure Statement Hearing To Continue To October 5
BRUNO'S: Examiner Appointed
CENTENNIAL CELLULAR: Exchange Of 10 3/4% Notes Offered
CHERNIN'S: Shoe Stores Will Sell Stores and Assets
CHERRYDALE FARMS: Disclosure Statement

CORNUCOPIA RESOURCES: Reorganization Approved By Shareholders
DAILEY INTERNATIONAL: Seeks Approval of Special Counsel
FOAMEX INTERNATIONAL: Amends Its Credit Agreements
FULCRUM DIRECT: Seeks Extension of Exclusivity
GLENAYRE TECHNOLIGIES: 2nd Quarter Earnings to Fall Short

GOLDEN BOOKS: Applies to Retain Beldock Levine as Special Counsel
GRAHAM FIELD: Annual Meeting Upcoming In Month Of August
HARNISCHFEGER: Affiliates File Chapter 11 Petitions
HARNISCHFEGER: Seeks To Shut Down Paper-Making Mill
HOME HEALTH: Seeks Order Extending Time to Assume/Reject Leases

JPE INC: Management Changes Announced
KENETECH: Annual Meeting To Be In San Francisco In August
LIVENT: Investor Group Suing Canadian Imperial Bank of Commerce
NEWMONT MINING: Registers Securities With SEC
PENNCORP FINANCIAL: Stock & Assets Sold Under Purchase Agreements

PLUMA INC: Seeks Authorization To Sell Assets
RENAISSANCE COSMETICS: Order Authorizes Employ Of Saul, Ewing
SGSM ACQUISITION: Order Authorizes Agreement With Marketfare
THE FRONTIER GROUP: Files Chapter 11
THE PHARMACY FUND: Applies for Approval of Incentive Bonus Plan

THORN APPLE VALLEY: Hearing on Confirmation of Sale Set
VENTAS INC: Requires Vencor Pay June Rent In Full By July 22nd

Meetings, Conferences and Seminars

ADVANTICA RESTAURANT: Registers Common Stock Of Security Holder
Advantica Restaurant Group has prepared a prospectus to
facilitate the sale of shares of common stock of the company
presently being held by a stockholder.  The selling security
holder is the current owner of 9,301,820 shares of common stock
in the company.  Advantica previously issued shares
under a Chapter 11 Joint Plan of Reorganization of the company's
predecessors, Flagstar Companies, Inc. and Flagstar Corporation.
That Plan of Reorganization and the issuance of these shares
became effective on January 7, 1998. The company will not receive
any proceeds from the sale of these shares and does not know when
the proposed sale of the shares by the selling security holder
will occur.

The common stock is currently listed for trading as a NASDAQ
National Market security on The NASDAQ Stock Market under the
trading symbol "DINE."  The closing NASDAQ sale price of the
common stock on June 30, 1999 was $3-7/16 per share.

The selling security holder, directly, through agents designated
from time to time, or through dealers or underwriters to be
designated, may sell some or all of the common stock from time to
time on terms determined at the time the common stock is sold.
The company will issue a prospectus supplement, and/or post-
effective amendment to the Registration Statement
filed with the SEC, to explain the terms of the sales by the
selling security holder as required by Commission regulations.

AFFORDABLE HOMES OF AMERICA: Subsidiary Kampen in Chapter 11
On June 24, 1999, Affordable Homes of America, Inc.
("Affordable")  placed its  wholly  owned subsidiary, Kampen and
Associates, Inc.  in  Chapter  11 pursuant  to  the federal
bankruptcy act.  Although payments to the first mortgage holder  
are  current,  Affordable  has  not  been  successful  in
restructuring Kampen's debt  to the second mortgage holder, the  
Shoalwater Bay Indian  Tribe  of Washington, thus necessitating  
the  filing  of  the Chapter  11  Voluntary Petition.  Affordable
believes it will be successful in making arrangements to pay the
aforesaid second mortgage and  will  be able  to  successfully
reorganize its wholly owned subsidiary,  Kampen and Associates,

On April 21, 1999, Affordable Homes of America, Inc. acquired
100% of  the common  stock of Kampen and Associates, Inc. in
exchange for 428,571 shares of $5.00 convertible preferred stock
of Affordable.  The preferred stock is convertible to common at
$3.50 per share.  The transaction is treated as a stock purchase
for financial reporting purposes.

The financial statements are presented on a pro-forma historical
basis as of June 30, 1998 as if the transaction occurred in that
date.  As a result, the land cost has been adjusted to reflect
the purchase price of Kampen's common stock.   Accordingly, the  
value  of  the  purchase  amounted  to $2,142,855.   The
investment in subsidiary and increase in land cost was
reflected as a pro-forma adjustment.

AMERICAN GAMING: Suits Dismissed/Judgments Set Aside
On June 25, 1999, Shamrock Holdings Group, Inc., American Gaming
& Entertainment Ltd.'s largest stockholder and creditor, sold the
Harolds Club in Reno, Nevada. All five land leases held by
Shamrock related to the Harolds Club terminated at closing. The
company, who assigned such land leases to Shamrock in September
1998, was released from all obligations under such leases, except
that the company agreed to indemnify the five lessors of the
Harolds Club property against any environmental liabilities
resulting from intentional or negligent conduct on the part of
the company.  The company says it is unaware of, and no claim has
been asserted related to, adverse environmental conditions at
Harolds Club resulting from intentional or negligent conduct on
the part of the company.  Additionally, lawsuits filed against
the company in the Second Judicial District Court of the State of
Nevada in and for the County of Washoe, by the five lessors of
the Harolds Club property and cross-claims filed against the
company by co-defendants were dismissed upon closing, and any
judgments which were entered have been withdrawn and set aside as
if not entered.

Due to certain lease guarantees, the company had recorded unpaid
Harolds Club lease payments and property taxes from April 1996
through March 1999, collectively totaling approximately
$2,307,000, as current liabilities as of March 31, 1999. As a
result of the sale of the Harolds Club, and the consequent
release of the company from all obligations under
such leases and the dismissal of all related lawsuits and cross-
claims against the company, the company has reversed the unpaid
Harolds obligations.

In September 1996, Shamrock and the company entered into an
agreement whereby Shamrock agreed, upon the sale of the Harolds
Club, to reimburse American Gaming & Entertainment for all costs
and expenses, in an amount not to exceed $15,000, incurred by the
company in connection with such sale, all reasonable attorneys'
fees incurred by the company in connection with litigation
commenced against, among others, the company by the five lessors
of the Harolds Club property, and all reasonable costs
and expenses incurred by the company in connection with the
operation and maintenance of the Harolds Club. The company has
set off such amounts, collectively totaling approximately
$524,000, against the company's indebtedness due to Shamrock.

AMERICAN MOBILE: XM Radio Acquired Through Stock Exchange
On July 7, 1999, American Mobile Satellite Corporation acquired
WorldSpace Inc.'s debt and equity interests in XM Satellite Radio
Holdings Inc., (excepting a $75 million loan from WorldSpace to
XM Radio), in exchange for approximately 8.6 million shares of
American Mobile's common stock. Concurrently with this
transaction, XM Radio issued $250 million of subordinated
convertible notes to several new strategic and financial
investors, including General Motors Corporation, Clear Channel
Investments, DirecTV, Telcom Ventures, Columbia Capital and
Madison Dearborn Partners.  XM Radio used $75 million of the
proceeds from these notes to repay the outstanding loan payable
to WorldSpace.  As a result of these transactions,
American Mobile Satellite Corporation owns all of the issued and
outstanding stock of XM Radio, subject to the possibility of
American Mobile's interest being reduced as described below.  
WorldSpace no longer owns any direct equity or debt interest in
XM Radio.

American Mobile indicates it decided to effect these transactions
to provide XM Radio with more diversified and strategic sources
of funding. It is believed by American Mobile that the infusion
of funds to XM Radio by the new investors, together with the
strategic and competitive advantages that such investors provide
to XM Radio, are important to XM Radio's chances of successfully
developing and offering satellite-based commercial radio service
in accordance with its business plan.

The exchange of approximately 8.6 million shares of American
Mobile common stock for WorldSpace's interest in XM Radio was
effected as follows:

Worldspace transferred all of its right, title and interest in XM
Radio, other than a portion of certain loans totaling $75 million
issued by WorldSpace to XM Radio, to a new trust, XM Ventures,
for the benefit of the stockholders of WorldSpace and certain
other persons owning options and other rights to acquire
WorldSpace stock.  The assets transferred to XM Ventures included
shares of XM Radio stock owned by WorldSpace, certain
other indebtedness payable to WorldSpace, including notes
convertible into shares of XM Radio stock, and options to acquire
shares of XM Radio stock.

XM Ventures then transferred to American Mobile all of the assets
described above relating to XM Radio that it received from
WorldSpace in exchange for 8,614,244 shares of American Mobile
common stock.  Of these shares, 6,479,443 shares were issued to
XM Ventures at the closing of the exchange transaction.  Approval
must be obtained from the stockholders of American Mobile before
it can issue the remaining 2,134,801 shares to XM Ventures.  
After the company obtains this stockholder approval, it will
issue the remaining shares to XM Ventures.

Concurrently with these transactions, XM Radio's capital
structure was reorganized.  Following such recapitalization,
American Mobile holds 100% of XM Radio's Class B common stock,
which are the only shares of XM Radio's capital stock
outstanding.  American Mobile also holds certain convertible
debt of XM Radio, convertible into shares of XM Radio Class B
common stock, whch debt is subordinated to the Series A
subordinated convertible notes of XM Radio described below.  The
Class B common stock of XM Radio has three votes per shares.  XM
Radio also has Class A common stock, which is entitled to one
vote per share.

As mentioned earlier and also occuring on July 7, 1999, XM Radio
issued $250 million of Series A subordinated convertible notes to
six new strategic and financial investors, including General
Motors, Clear Channel Investments, DirecTV, Columbia Capital,
Telcom Ventures, and Madison Dearborn Partners.  The notes and
accrued interest are convertible into either XM Radio's Class A
common stock or XM Radio's Series A convertible
preferred stock at a conversion price of $509,711 aggregate
principal amount of notes for each share of XM Radio stock.  The
notes mature on December 31, 2004, or, if XM Radio issues at
least $50 million aggregate principal amount of high yield debt
securities, XM Radio will be entitled to extend the maturity date
of the convertible notes to a date no later than the six-month
anniversary of the stated maturity date of such high
yield debt securities.  The notes are senior to all existing XM
Radio indebtedness, including American Mobile's convertible debt
in XM Radio that is convertible into XM Radio Class B common
stock, but are subordinate to
any future high yield debt securities issued by XM Radio.

Using part of the proceeds from the issuance of its Series A
subordinated convertible notes, XM Radio paid WorldSpace $75
million to repay an outstanding loan owed to WorldSpace.

As a result of the XM Radio transactions American Mobile owns all
of the issued capital stock of XM Radio.  In the event that all
securities convertible into voting stock of XM Radio were
converted, American Mobile would own approximately 37% of the
economic interest and approximately 62% of the voting interest in
XM Radio.  The $250 million of series A subordinated convertible
notes are convertible into either XM Radio's Class A common stock
or Series A convertible preferred stock at the election of the
holders and, automatically, upon the occurrence of certain
events, including an initial public offering of XM Radio yielding
gross proceeds in excess of $100 million and above a prescribed
per share value.  In addition, the Class B common stock of XM
Radio owned by American Mobile (which is entitled to three votes
per share) is convertible on a one for one basis into Class A
common stock (which is entitled to one vote per share), as
follows:  (1) at any time at American Mobile's discretion, (2)
following XM Radio's initial public offering, at the direction of
the holders of a majority of the then outstanding shares of XM
Radio's Class A common stock (which majority must include at
least 20% of the public holders of Class A common stock), and (3)
on or after January 1, 2002, at the direction of the holders of a
majority of the then outstanding shares of Class A common stock.  
Such conversion will be effected only upon receipt of FCC
approval.  In the event of such a conversion of American
Mobile's Class B common stock of XM Radio into Class A common
stock, American Mobile's voting interest in XM Radio will be
reduced to approximately 37%.

XM Radio is seeking to become a nationwide provider of digital
quality audio entertainment and information programming
transmitted directly by satellites to car, home and portable
radios.  XM Radio owns one of two FCC licenses to provide a
satellite digital audio radio service for the United
States.  It is developing its service, which it will call "XM
Radio", to provide a wide variety of music, news, talk, sports
and other programming offering up to 100 distinct channels.  XM
Radio believes that customers will be attracted to the broad
offering of formats and the service's digital quality sound,
coast-to-coast coverage and text display features.

As of March 31, 1999, XM Radio had incurred costs of
approximately $219.5 million in connection with the development
of the XM Radio system.  XM Radio incurred aggregate net losses
of approximately $1.7 million from its inception through December
31, 1997, and an additional $20.5 million in the
15-month period ended March 31, 1999.  American Mobile expects XM
Radio's net losses and negative cash flow to grow as XM Radio
builds its system, makes payments under its various contracts and
begins to incur marketing costs.

For further information access, on the Internet,  
of charge.

APOGEE ENTERPRISES: Expansion To Slow Over Next 3 Quarters
The quarter ended May 29, 1999 saw net profit of $4,570,000 for
Apogee Enterprises Inc. on revenues of $211,123,000.  During the
same quarter last year the company's net profit was $3,878,000 on
revenues of $190,377,000.

The company's total borrowings stood at $188.1 million at May 29,
1999, up from the $166.4 million outstanding at February 27,
1999. The additional borrowings, along with cash provided by
operating activities, was sufficient to finance the period's
significant investing activities and cash dividend requirements.
At May 29, 1999, long-term debt stood at 49% of total
capitalization, compared to 56% at fiscal year-end 1999.

Apogee anticipates bank borrowings to decrease over the next
three quarters as capital spending returns to a normalized level
after several quarters of significant expenditures related to
unprecedented capacity expansion in fiscal 1999.

BRUNO'S: Disclosure Statement Hearing To Continue To October 5
To allow the Parties an opportunity to review the Examiner's
Report to be filed on September 15, 1999, and afford an
opportunity for further discussions and negotiation, Judge
Robinson directed that the Disclosure Statement hearing will
continue on October 5, 1999, in her courtroom at 2:00

BRUNO'S: Examiner Appointed
Judge Walsh, sitting for Judge Robinson during her vacation
break, ratified the United States Trustee's appointment of
Harrison J. Goldin, Esq., to serve as the Examiner in Bruno's
chapter 11 cases.  

Frederic J. Baker, Esq., a Senior Assistant U.S. Trustee, advised
Judge Robinson that he consulted with the Debtors, the Committee,
HSBC and Huff Asset Management.  Each of these constituencies
backed Mr. Goldin's appointment.  Accordingly, Mr. Baker applied
to the Court for an Order, pursuant to Rule 2007.1 of the Federal
Rules of Bankruptcy Procedure, approving Mr. Goldin's

Mr. Goldin has assured the U.S. Trustee and the Court that he has
no connections with the Debtors, their creditors, any other party
in interest, their respective attorneys and accountants, the
United States Trustee or any person employed in the Office of the
United States Trustee.  

Mr. Goldin is an experienced bankruptcy consultant and crisis
manager and has significant experience evaluating solvency issues
and in the investigation of fraudulent activity and financial
misconduct.  In particular, Mr. Goldin and his firm, Goldin
Associates, L.L.P., have been involved on behalf of trustees or
examiners in numerous complex bankruptcy proceedings, including
Color Tile, Inc., Pegasus Gold Corporation, Cityscape
Financial Corp., Sarwyn Realty, Monarch Capital, Granite
Corporation, The Pharmacy Fund, Inc., and First Interregional
Advisors. (Bruno's Bankruptcy News Issue 22; Bankruptcy
Creditors' Services Inc.)

CENTENNIAL CELLULAR: Exchange Of 10 3/4% Notes Offered
Centennial Cellular Corporation is offering to exchange the
outstanding, unregistered 10 3/4% senior subordinated notes of
Centennial Cellular Corp. and Centennial Cellular Operating Co.
LLC presently held by stockholders for new, substantially
identical 10 3/4% senior subordinated notes that will be free of
the transfer restrictions that apply to the old notes. This offer
will expire at 5:00 p.m., New York City time, on August 13, 1999,
unless the company extends it.  The new notes will not trade on
any established exchange.

Centennial Cellular is one of the largest independent wireless
telecommunications service providers in the United States and
Puerto Rico with approximately 426,700 subscribers as of February
28, 1999. Its domestic rural cellular systems provide service in
areas with an aggregate population of 5.8 million, decreased by
the percent of the company's subsidiaries serving those areas
owned by third parties.

On January 7, 1999, Centennial merged with CCW acquisition Corp.
As a result of the merger, a new group of equity investors
acquired a 92.9% ownership interest in Centennial. The remaining
7.1% interest is owned by public stockholders. Centennial entered
into several financings, including the issuance of the old notes,
in order to fund the merger. On December 14, 1998, Centennial
completed the private offering of $370.0 million principal
amount of its 10 3/4% senior subordinated notes due 2008. In
connection with that offering, the company agreed, among other
things, to deliver a prospectus and to use its best efforts to
complete the exchange offer by July 6, 1999. Consequently
Centennial is offering to exchange an equal principal amount of
its 10 3/4% senior subordinated notes due 2008, which
have been registered under the Securities Act, for its
outstanding 10 3/4% senior subordinated notes due 2008.

In order to be exchanged, an outstanding note must be properly
tendered and accepted.  Outstanding notes may be tendered only in
integral multiples of $1,000.  The exchange offer is to be
completed regardless of whether all or less than all of the
outstanding notes are tendered for exchange.

For full text of the offering access
bin/srch-edgar?0000950130-99-004006 on the Internet,
free of charge.

CHERNIN'S: Shoe Stores Will Sell Stores and Assets
Chernin's Shoes, a 92-year-old Chicago-based discount shoe store
said to be the largest independent shoe retailer, announced
Wednesday it will sell its stores and assets, according to the
Chicago Tribune. During the 1980s the store was extremely
popular,and it was said that one in every six shoes sold in
Chicago came from Chernin's. The struggle began in the mid-1990's
when Frontenac Co., a venture capital firm, invested $10
million in an expansion of Chernin's to open stores in the
Detroit area. Stores such as Nordstrom and Kenneth Cole became
very competitive with Chernin's when they began to open stores in
the Chicago area. "Sales were declining for the last eight
years," said Chernin's CEO, John Browne. The store filed for
chapter 11 on May 10.

CHERRYDALE FARMS: Disclosure Statement
The liquidating plan of reorganization of Cherrydale Farms, Inc.
et al. provides for the distribution of cash to the holders of
claims deriving from the proceeds of avoidance actions prosecuted
by the estate representative and/or the committee.  The sources
of funds for distributions under the plan are as follows:

The proceeds from the sale of the debtors' assets to R&R and
Hershey, to the extent not distributed to the debtors' secured

The proceeds from the sale by Cherrydale of its equity interest
in Our World, Inc., to the extent not already distributed to the
debtors' secured lenders by the time of confirmation of the plan;

Any funds collected by the estate representative or the committee
on account of avoidance actions; and

The liquidation of any other assets remaining in the estates.

Treatment of Claims:

Class 1 - Secured Claim of JNL. Impaired.  Fully perfected
security interest in certain assets of the debtors. Holder shall
receive cash proceeds realized from the liquidation of its
collateral up to the allowed amount of its claim.

Class 2 - Secured Claim of PNC Bank - Unimpaired.  Already
satisfied in full.

Class 3 - Other Secured Claims - Secured claims of all other
entities which claim to hold a claim secured by an asset of the
debtors. These include claims secured mechanics liens,
warehouseman's liens and other statutory liens and security
interests.  Each holder of a secured claim that is an allowed
claim shall, at the option of the estate representative within 10
business days after the Effective Date: receive in cash the
proceeds realized from the liquidation of its collateral up to
the allowed amount of its claim.

Class 4 - Priority Non Tax Claims
The plan provides that pro rata distributions to the holders of
allowed claims to the extent that the disbursing agent determines
that sufficient funds have become available for distribution
after payment of all claims that are allowed claims in Classes 1
and 3.  A final distribution to holders of priority non-tax
claims that are allowed claims in Class 4 shall be made by the
disbursing agent when all objections to claims have been resolved
pursuant to a final order and all assets of the estate have been
reduced to cash.  Impaired.

Class 5 - Unsecured claims.

Pro rata distributions after payments to Classes 1, 3, 4.  The
aggregate number and a value of such claims are difficult to
determine at this time.  The holders of claims are impaired and
may vote on the plan.

Class 6 - Equity Interests. No distribution. Deemed to be

CORNUCOPIA RESOURCES: Reorganization Approved By Shareholders
Andrew F. B. Milligan, President and Chief Executive Officer of
Cornucopia Resources Ltd. announces that at the company's annual
and extraordinary general meeting held on June 30, 1999, the
shareholders passed special resolutions approving the sale of
Cornucopia's primary asset, its joint venture interest in the
Ivanhoe property in the State of Nevada; a consolidation of its
authorized and issued common share capital; the acquisition of
Stockscape Technologies Ltd.; and a change of name to Technologies Inc. and restructuring of the Board
of Directors of Cornucopia to reflect the nature of the company's
new business.

The shareholders elected Andrew F. B. Milligan, John J. Brown,
Sargent H. Berner, A. Murray Sinclair and David R. Williamson as

The company sold its 25% interest in the Ivanhoe property to
Great Basin Gold Ltd. of Vancouver, B.C. for 2,750,000 common
shares of Great Basin at a deemed price of $1.25 per share,
Canadian, and 250,000 warrants exercisable to purchase an
additional 250,000 shares of Great Basin at $2.00 per share,
Canadian, for one year.  Resale of the shares issued in
consideration for the company's interest will be restricted, by
agreement, for a period of twelve months.  The company has agreed
to a voting trust in favour of Great Basin management for a
period of two years and has been given representation on the
board of directors of Great Basin.  The company also will have
the right to participate in future financings of Great Basin
in order to maintain its equity interest.

The company anticipates that the formal closing of the
acquisition of Stockscape Technologies Ltd. will be completed
within the next few days at which time the share consolidation
and name change will be made effective and the shares of the
company thereafter will commence trading on the OTCBB
on a consolidated basis under the symbol STKSF.  In the meantime,
the shares will continue trading under the previous symbol CNPGF.

The company understands that its shares were called for trading
on the OTC Bulletin Board on July 6, 1999 under the STKSF symbol.  
The OTC Bulletin Board has been advised that this was premature,
and has confirmed that trading will continue under the symbol
CNPGF until they are instructed that the company's name change
and share consolidation have been made effective.

DAILEY INTERNATIONAL: Seeks Approval of Special Counsel
The debtor, Dailey International Inc., one of the debtors in the
Chapter 11 case of Dailey International Inc. and its affilates,
seeks court approval of the retention and employment of the
following law firms:

Quattrini, Laprida & Asociados - as special counsel for advice
and representation on agencies, contracts, joint ventures,
general commercial law, disputes, and other legal matters in

Greenwald Legal Consultancy - as special counsel for advice and
representation on agencies, contracts, joint ventures, general
commercial law, disputes, and other legal matters int eh United
Arab Emirates and the Arabian Gulf region.

Susman Godfrey LLP - as special counsel for the debtors for
prosecution, maintenance, defense, and enforcement of
intellectual property rights during this Chapter 11 case.

Arnold White & Durkee - as special counsel for the prosecution,
maintenance, defense, and enforcement of intellectual property
rights during this Chapter 11 case.

Tobor Goldstein & Healey - as special counsel for the prosecution
, maintenance defense, and enforcement of intellectual property
rights during this Chapter 11 case.

Neel Hooper & Kalman, PC - as special counsel for prosecution and
defense of employment and labor law matters.

Fulbright & Jaworski LLP - as special counsel for tax and
employee benefit matters.

Tindall & Forster PC - as special counsel for matters relating to
immigration law issues, including the qualification of key
foreign national employees for appropriate US work visa status.

Dundas & Wilson CS as special counsel for prosecution and defense
of intellectual property rights and general corporate and
commercial legal services.

FOAMEX INTERNATIONAL: Amends Its Credit Agreements
Foamex International Inc. announces that its Foamex L.P. and
Foamex Carpet Cushion, Inc. subsidiaries have amended their bank
credit agreements to reset the financial and operating covenants.
Foamex had previously received waivers of certain provisions of
these credit agreements through June 30, 1999.

The company said that the amendments contained certain provisions
to restrict future cash outflows, including payments of $3.0
million annually under a management agreement between Foamex and
a subsidiary of Trace International Holdings, Inc. Foamex also
announced that it would terminate the sublease of New York office
space at 375 Park Avenue to Trace, effective September 30, 1999.  
Foamex intends to vacate the space and offer the offices for
sublease to a third party.

John G. Johnson, Jr., President and Chief Executive Officer,
stated, "We are pleased that our lenders recognize the stronger
ongoing potential of Foamex as well as the progress we've made to
strengthen operations and financial controls. Our 1999 results to
date show that our employees are resilient, devoted and achieving
continuous improvement and increased sales. I fully expect Foamex
to be a viable, profit-generating entity for the long-term."

Mr. Johnson added that the steps taken today reflect positive
actions taken by the Linwood, PA-based leadership team which are
designed to reposition Foamex for sustained profitability.

Foamex, headquartered in Linwood, Pennsylvania, manufactures and
markets flexible polyurethane and advanced polymer products in
North America. The company expects to announce results for the
second quarter 1999 on or about August 5, 1999.

FULCRUM DIRECT: Seeks Extension of Exclusivity
The debtors, Fulcrum Direct, Inc. and its affiliates, seek an
order granting an extension of exclusivity.  A hearing on the
motion will be held on July 23, 1999 at 1:00 PM.

Fulcrum submits that the current deadline does not afford Fulcrum
a realistic opportunity to formulate a comprehensive plan of
liquidation.  Fulcrum is currently in the process of attempting
to recover certain preferential transfers and collect certain
outstanding receivables. Additionally, the Committee is
investigating and pursuing potential avenues of recovery for the
estate.  Until Fulcrum has had additional time to further analyze
and pursue potential causes of action against third parties, it
is not able to fully assess the recoveries that will be available
to the estates and, accordingly, is not in the position to
formulate a plan of liquidation. Fulcrum requests that the court
enter an order extending the Filing Period through and including
September 30, 1999 and extending the Solicitation Period through
and including November 30, 1999.

GLENAYRE TECHNOLIGIES: 2nd Quarter Earnings to Fall Short
Glenayre Technologies Inc. warned late Wednesday it expects to
fall short of analysts' estimates for second-quarter earnings, in
part because of a continued slump in sales of paging equipment.

Glenayre's stock fell 75 cents, or 15.4 percent, to $4.12 1/2.
The Charlotte-based telecommunications equipment maker, which
reports earnings July 26, also said it faces continued costs
related to the financial troubles of a major customer,
Greenville, S.C.-based Conxus Communications, and for
restructuring its business. Conxus, which owes Glenayre about $49
million, sought protection from creditors under Chapter 11 of the
federal bankruptcy law in May.

Glenayre also said it will announce a major restructuring within
90 days that will result in $10 million to $15 million in charges
during the third quarter. It also plans to write off $50 million
to $60 million because of poor sales at its Wireless Access pager
business.  Published Friday, July 16, 1999, in the Charlotte

GOLDEN BOOKS: Applies to Retain Beldock Levine as Special Counsel
The debtor, Golden Books Family Entertainment, Inc., et al.
represents that as part of its long term restructuring and
business plans, the debtors have determined to dispose of their
interest in McSpadden-Smith, Inc., a Nashville based music
publisher and wholly-owned subsidiary of Golden Books Publishing
Company, Inc.  To facilitate the disposition efforts, it is
apparent to the debtors that they require the services of outside
counsel with specific experience in the music publishing industry
to represent them in connection with any proposed transaction.

The debtors seek entry of an order authorizing the retention of
Beldock Levine & Hoffman LLP as special counsel to perform legal
services in connection with a potential transaction. In
connection with such transaction the firm will review and consult
with the debtors regarding a purchase agreement and other
acquisition document; assist the buyer's due diligence; and
perform lien and title searches.  The debtos have agreed to pay
the firm its usual and customary hourly fees plus expenses.  The
hourly fee for partners of the firm range from $185 to $425.  The
hourly fee for Associates ranges from $150 to $185, and the
hourly fee for Paralegals ranges from $60 to $80.

GRAHAM FIELD: Annual Meeting Upcoming In Month Of August
Graham Field Health Products Inc. has scheduled the annual
meeting of stockholders for Monday, August 16, 1999, at 11:00
A.M.  The meeting will be held in Grand Salon One at the Islandia
Marriott Long Island, 3635 Express Drive North, Hauppauge, New
York 11788.  Business to be undertaken at the meeting will be the
election of two Class III Directors of the company to serve for a
term of three years; consideration and action upon a proposal to
ratify the appointment of Ernst & Young LLP as the company's
independent auditors for the current fiscal year; and to transact
any other business that arises.

Only stockholders of record at the close of business on July 12,
1999 are entitled to notice of and to vote at the annual meeting.

HARNISCHFEGER: Affiliates File Chapter 11 Petitions
On June 28, 1999, the Debtors delivered separate chapter 11
petitions to the Bankruptcy Clerk in Wilmington for:

          * American Longwall Mexico, Inc.
          * Beloit Corporation
          * Beloit Holdings, Inc.
          * Beloit International Services, Inc.
          * Beloit Iron Works, Inc.
          * Dobson Management Services, Inc.
          * Ecolaire Export FSC, Inc.
          * Ecolaire Incorporated
          * Gullick Dobson, Inc.
          * Harnischfeger Credit Corporation
          * Harnischfeger Overseas, Inc.
          * Industrial Clean Air, Inc.
          * J.P.D., Inc.
          * Joy Energy Systems, Inc.
          * Joy Environmental Technologies, Inc.
          * Joy International Sales Corporation, Inc.
          * Joy power Products, inc.
          * Mining Services, Inc.
          * PEAC, Inc.
          * PEOC, Inc.
          * PMAC, Inc.
          * P.W.E.C., Inc.
          * Rader Resource Recovery
          * RCHH, Inc.
          * RYL, LLC
          * Smith Machine Works, Inc.
          * SMK Company

Judge Walsh directs that each of these entities' chapter 11 cases
shall be jointly administered (but not substantively
consolidated, at this time) with Harnischfeger Industries, Inc.,
under Bankruptcy Case No. 99-2171.  Further, each of these
Additional Debtors are authorized to employ the Professionals
retained by the Initial Debtors and the extension of time
permitting the Initial Debtors to file their Schedules and
Statements on August 2, 1999, shall apply to the Additional
Debtors. (Harnischfeger Bankruptcy News Issue 5; Bankruptcy
Creditors' Services Inc.)

HARNISCHFEGER: Seeks To Shut Down Paper-Making Mill
Princeton Paper Company LLC is a wholly-owned debtor subsidiary
of Beloit. Since 1998, Jack B. Fishman, Beloit's Senior Counsel
and Assistant Corporate Secretary, explains to Judge Walsh,
Princeton has operated a pulp and paper-making mill in Fitchburg,
Massachusetts, producing specialty, printing and writing grades
of paper.  Beloit inherited the mill the 1997 Massachusetts
Recycling Associates Limited Partnership chapter 11 proceeding,
Bankruptcy Case No. 9-45595-JFQ (Bankr. D. Mass.).  Beloit hoped
the mill could become profitable and made saleable to recoup
a portion of some $60 million Beloit lost on machinery sales and
services related to the MRALP project.  

Start-up was delayed; the paper market is depressed; the mill has
never come close to turning a profit; on $24,700,000 of projected
1999 sales, Princeton anticipates $22,800,000 in pre-tax
operating losses.  Currently, the mill is a $66,000-a-day drain,
bleeding $2,000,000 per month.  In their business judgment, the
Debtors have determined that the mill should be shutdown
immediately; the Committee agrees with the Debtors' conclusion.  
"While . . . Management believes that the Facility will
eventually be profitable, it also believes it would be an error
in business judgment to continue to invest in that eventuality,"
Mr. Fishman tells the Court, adding that "the timing of the
achievement of profitability is the variable that Management is
unwilling to risk."

The Debtors expect that the operation can be shutdown in 4 weeks'
time, and that will be sufficient to issue WARN Act notices to
the mill's 140 employees.  Accordingly, the Debtors ask the Court
for authority to terminate Princeton Paper's operations and
shutdown the mill without further delay.  

The Fitchburg Paper Mill in which Princeton Paper Company LLC
operates its business was built in 1994 with $191,500,000 raised
through municipal bond offerings.  Massachusetts Recycling
Associates Limited Partnership's 1997 chapter 11 proceeding
compromised that debt to $58,700,000, and transferred title to
Massachusetts Paper Company, an entity controlled by
various municipal bond funds.  MPC, in turn, entered into a lease
with Princeton Paper Company calling for $6,900,000 annual rental
payments and granting Princeton Paper an option to purchase to
facility for $12,500,000 at the expiration of the 15-year lease.  
Beloit guarantees Princeton's lease-related obligations.  

The Debtors have decided to shutter Princeton Paper's operations.  
The Debtors have no further need for the mill.  The Debtors can't
find another entity who would be willing to assume the lease and
pay $575,000 per month to MPC.

Accordingly, the Debtors ask the Court for authority, pursuant to
11 U.S.C. Sec. 365, to reject the lease without further delay.  

HOME HEALTH: Seeks Order Extending Time to Assume/Reject Leases
The debtors, Home Health Corporation of America, Inc. et al. seek
an extension of time within which the debtors may assume or
reject unexpired leases of nonresidential real property.  A
hearing will be held on August 5, 1999 at 9:30 AM.

The debtors submit that they are parties to a great many
unexpired leases of nonresidential real property.  The leases
pertain to commercial premises used by the debtors for sales,
storage, patient visitation, and executive and administrative
offices in various states.  The debtors have begun to review and
analyze their leases.  However, they will not be able to make
reasoned decisions as to whether to assume or reject the
remaining leases by the current deadline of August 17, 1999.

The debtors represent that the unexpired leases are, without
question, valuable assets of the debtors' estates and are
integral to the continued operations of their businesses.  

The debtors' period of time within which to assume or reject
leases currently expires on August 17, 1999.  The debtors request
an extension of ninety days, through and including November 15,

By separate application, the debtors seek authorization to reject
an unexpired lease of nonresidential real property.  Thus far the
debtors have rejected approximately 21 leases.  The lease to be
rejected is located in Hudson, Florida.  The debtors have vacated
the leased premises, and the lease will not serve any useful
purpose in the operations of the debtors' businesses.

JPE INC: Management Changes Announced
JPE INC., dba ASCET announced in early July that Richard Chrysler
has been named Vice  Chairman.  Chrysler,  formerly  President
and CEO, will  continue  to  report  to  David  Treadwell,  
Chairman  and  CEO of ASCET.

Chrysler's new responsibilities will consist of developing growth
opportunities  for the company.  Mr. Chrysler spearheaded the
restructuring of ASCET prior to investment of ASC  Holdings  and
Kojaian Holdings.

ASCET also announced the promotion of Grant McKinley to General  
Manager of Plastic Trim, Inc., a wholly owned subsidiary of

"With  the new  financial  stability  of ASCET  we are  able to  
focus  our attention on our customers,  instead of our banks.
This includes determining new technologies and products we can  
develop  or  acquire  to  better  serve our customers," stated
David Treadwell.

ASCET, is a Tier I supplier of automotive exterior trim packages
and  aftermarket  heavy truck parts.  ASCET consists of three  
operating subsidiaries:   Plastic  Trim,   Inc., and  Starboard
Industries, Inc., both exterior trim suppliers and Dayton Parts
Incorporated, an aftermarket supplier of heavy truck suspension
and brake systems.

KENETECH: Annual Meeting To Be In San Francisco In August
The annual meeting of stockholders of Kenetech Corporation, a
Delaware corporation,  will be held at the Hyatt Regency San
Francisco, Five Embarcadero Center, San Francisco,  California,  
on Wednesday,  August 18, 1999, at 10:00 A.M., local time, for
the purpose of electing  one  director as a Class III director of
the company to hold office for a three-year term, one director as
a Class II director to hold  office for a two-year term and one
Class I director to hold office for a one-year term.

Stockholders will also be asked to ratify the Board of Directors'
appointment of KPMG  LLP as independent auditors to audit the
financial statements of the company for the 1999 fiscal year.
Stockholders of record at the close of business  on June 21,  
1999 are entitled  to notice  of,  and to  vote  at,  the  

LIVENT: Investor Group Suing Canadian Imperial Bank of Commerce
Entertainment executive Michael Ovitz and an investor group he
manages is suing Canadian Imperial Bank of Commerce alleging the
bank acted fraudulently in leading the Ovitz group to invest
US$20 million in bankrupt Livent Inc.

In court documents filed this week, lawyers for Ovitz and Lynx
Venture LP claim Canadian Imperial misrepresented a loan
agreement with Livent, producers of Broadway musicals like
"Ragtime" and "Show Boat" in 1997, then covered up evidence to
aid Livent in receiving the Lynx investment.

When Livent got its hands on the US$20 million, it quickly paid
the money to Canadian Imperial, also known as CIBC, according to
the filing in U.S. District Court in Los Angeles.

But bank spokeswoman Katherine Gay said CIBC had no knowledge
that any letters or agreements were ever concealed and when it
became aware that a transaction may not have been properly
disclosed, it immediately notified the company.

"CIBC has never engaged in any sort of wrongful contact or
improper, transaction with Livent," Gay said. "At all times we
have acted at arms length and are certain that all elements of
our transactions with Livent were fully fair and open."

A spokeswoman for Ovitz declined to make statements beyond what
was in the court filing.

Ovitz, once one of Hollywood's most powerful talent agents and
still a strong business presence in entertainment and his group
began investing in Livent back in 1998. But questions of
accounting irregularities cropped up in Livent's books when new
management assumed control of the company.

By November last year, the Toronto-based theatrical producer
filed for protection under U.S. bankruptcy law.

The Lynx suit claims Livent and CIBC, which was Livent's banker,
signed a letter of agreement calling for CIBC to purchase
European theatrical rights to "Ragtime" and "Show Boat" for 2
million pounds sterling.

The two parties also signed a second letter concerning the rights
deal that made the deal more like "a loan, not a purchase, on
usurious terms," the court filing said.

This second, "secret side agreement", as Lynx's lawyers referred
to it, required Livent to refund all the money CIBC paid for the
rights, plus an annual return of 33 percent even if the European
rights to the shows proved unprofitable.

The second letter also called for Livent to pay CIBC 10 percent
of the New York box office receipts of "Ragtime" if its initial
investment and the 33 percent return were never realized, the
court papers revealed.

Lawyers for Lynx and Ovitz allege CIBC officials sought to hide
this second letter from the investors when the Ovitz-led group
was deciding whether or not to invest in Livent.

NEWMONT MINING: Registers Securities With SEC
On July 12th, 1999, Newmont Mining Corporation and its wholly-
owned subsidiary, Newmont Gold Company, filed with the SEC, a
registration statement providing for the issuance by Newmont
Mining from time to time of up to $500 million aggregate offering
price of securities, consisting of common stock, preferred stock,
common stock warrants, debt securities and warrants for debt
securities. The debt securities will be fully and
unconditionally guaranteed by Newmont Gold.

PENNCORP FINANCIAL: Stock & Assets Sold Under Purchase Agreements
On June 30, 1999, PennCorp Financial Services, Inc., a subsidiary
of PennCorp Financial Group, Inc., consummated the sale of all of
the outstanding shares of common stock of Kivex, Inc. to
Allegiance Telecom, Inc. in keeping with the stock purchase
agreement dated as of June 11, 1999, as amended, between
Allegiance and PCFS, for a purchase price of $34.5 million.  
After the payment of transaction fees and expenses, the
settlement of intercompany balances and the payment of certain
amounts as required by the Kivex purchase agreement, the net
proceeds of such sale were approximately $22 million, which was
paid to the lenders under the company's credit agreement to
reduce the amount of debts owed them.

On July 2, 1999, the company executed an amended and restated
purchase agreement, by and between the company, certain direct
and indirect subsidiaries of the company, Universal American
Financial Corp. and American Exchange Life Insurance Company.  
Under this agreement Universal agreed to purchase the company's
Career Sales Division and related assets for $137 million in
cash, including $6.5 million to be retained as a dividend from
one of the company's subsidiaries as part of the closing of
the transaction. The Career Sales Division is comprised of
Pennsylvania Life Insurance Company, Union Bankers Insurance
Company, Peninsular Life Insurance Company, PennCorp Life
Insurance Company, Constitution Life Insurance Company, Marquette
National Life Insurance Company, PennCorp Financial, Inc., and
substantially all of the assets of PCFS. The amended
and restated PennUnion purchase agreement eliminated the purchase
price adjustment and the indemnification obligations related to
the disability income claim reserves of PennLife; eliminated the
closing obligation related to the sale of Union's comprehensive
medical block of business; and  converted the transaction therein
to an all-cash purchase price.

PLUMA INC: Seeks Authorization To Sell Assets
The debtor, Pluma Inc. seeks court authority to sell the assets
of the debtor utilized in connection with the operation of its
Stardust Division to TAM Acquisition Corp.  The purchase price
for the Stardust Assets is $13.5 million, subject to adjustment.

RENAISSANCE COSMETICS: Order Authorizes Employ Of Saul, Ewing
By order of the US Bankruptcy Court for the District of Delaware,
the Official Committee of Unsecured Creditors of Renaissance
Cosmetics, Inc., et al. is authorized to employ and retain Saul,
Ewing, Remick & Saul LLP as counsel nunc pro tunc to June 10,

SGSM ACQUISITION: Order Authorizes Agreement With Marketfare
The US Bankruptcy Court for the Eastern District of Louisiana
entered an order in the case of SGSM Acquisition Company, LLC,
authorizing and approving agreements for the purchase and
assignment of leasehold interest with certain subsidiaries of
Marketfare for four stores located in New Orleans, LA and the
sale of the debtor's inventory located within the stores.
The stores are locate at 2222 St. Claude Avenue, New Orleans, 300
N. Broad, New Orleans, 4001 Canal Street, New Orleans, and 1325
Annunciation street, New Orleans.

The debtor also seeks approval of a certain agreement with Realm
Realty Company for the purchase and assignment of leasehold
interest of a store located in New Orleans at 8103 S. Claiborne

THE FRONTIER GROUP: Files Chapter 11
Debtor:  The Frontier Group, Inc.
         One Boston Place, Suite 2300
         Boston, Massachusetts 02108

Court: District of Massachusetts

Case No.: 99-15947    Filed: 07/14/99    Chapter: 11

Debtor's Counsel:  
Daniel C. Cohn
265 Franklin Street
Boston, Mass. 02110                  
20 Largest Unsecured Creditors:

   Name                              Amount
   ----                              ------         
ING                              13,126,000
CORE STATES                       4,016,000       
ACTION HOME CARE                  1,000,000
Health Resources Home Care          939,400
Fred Stern                          701,000
The Health Company                  650,000
Hept                                526,321
Nelson Shaller                      540,000
Hutchins Wheeler & Dittmar          490,708
Health Resources Inc.               480,000
Care Tools Inc.                     420,000
The Impact Group                    318,695
Springfield Food Service            312,185
New Britain Gen'l. Hospital         279,647
Oracle Coproration                  278,309
Advantage Home Care                 248,900
Medline                             244,628
US Group Inc.                       230,522
Hyperion Software                   197,937
George Walker                       180,563

THE PHARMACY FUND: Applies for Approval of Incentive Bonus Plan
The debtors, The Pharmacy Fund, Inc. And Pharmacy Fund
Receivables, Inc. seek entry of an order approving an employee
incentive bonus plan.

While the debtors ceased purchasing Receivables as of the filing
date, at present, there remains approximately $40 million in
gross Receivables and other obligations to be collected from
Pharmacies and others.

The Incentive Bonus Plan will provide for distribution of a bonus
pool among management and staff.  The amount of the bonus pool
will be 3% for the first $2 million of incentive bonus plan
collections and 5% for incentive plan collections thereafter.  
The debtor sets out what percentages of the pool will be paid to
which groups of employees.  Approximately 40 employees remain
with the company.  The maximum cost of the plan is estimated to
be $210,000.

THORN APPLE VALLEY: Hearing on Confirmation of Sale Set
IPB, Inc. and Excel Corporation each have until July 16, 1999 to
provide proposed Asset Purchase Agreements to each of the
debtors, the Bank Group and the Official Unsecured Creditors'
Committee and Thorn Apple Valley, Inc. A hearing and status
conference shall be held on July 19, 1999 at which time the
debtors, Bank Group and Committee shall present their consensus
to the court as to which Asset Purchase Agreement represents the
best offer, or if no consensus has been reached, ask the court to
determine the best offer.

Hearing on approval or confirmation of the sale is set for July
29, 1999.

VENTAS INC: Requires Vencor Pay June Rent In Full By July 22nd
Ventas, Inc. announced its agreement with Vencor, Inc., its
principal tenant, which provides for the payment of June rent on
a specified schedule. The schedule is $3.5 million on July 8, $1
million on each of July 9, 12, 13, 14, 15, and 16, $2 million on
each of July 19, 20 and 21 and approximately $3.4 million on July
22. These payments, totaling approximately $18.9 million,
represent the full amount of rent that is due for June under the
lease agreements. If Vencor fails to pay any installment
of June rent in accordance with the specified schedule, the
company will be entitled to exercise its remedies under its lease
agreements with Vencor with respect to the late payment of June
rent, unless Vencor or its bank lenders pay the full amount of
unpaid June rent within five days of such non-payment.

So that the company, Vencor and Vencor's bank lenders can
continue their discussions regarding a global restructuring of
Vencor's financial obligations, the company and Vencor have
agreed to amend the standstill agreement which the parties
entered into on April 12, 1999. The amended standstill agreement
will extend, until August 5, 1999, the obligations of
each of the company and Vencor to refrain from pursuing any
claims against the other or any third party relating to the April
1998 reorganization and the company's agreement not to exercise
its remedies under its lease agreements with Vencor, other than
its delivery of notice of non-payment of July rent. As provided
in the amended standstill agreement, the company has given Vencor
notice of non-payment of July rent. If Vencor or its bank
lenders fail to pay the full amount of July rent on or prior to
August 10, 1999, Ventas will be entitled to exercise immediately
its rights and remedies under the lease agreements. The amended
standstill agreement will terminate on the earliest to occur of
August 5, 1999, any date that a voluntary or involuntary
bankruptcy case is commenced by or against Vencor
or Vencor's failure to make the full lease payments for June 1999
under the specified schedule.

Ventas and Vencor also agreed to renew an agreement between the
parties that any statutes of limitations or other time
constraints in a bankruptcy proceeding that might be asserted by
one party against the other would be extended or tolled from
April 12, 1999 until the earlier to occur of August
5, 1999 or any date on which Vencor shall fail to pay when due
any of the installments of June rent under the specified

Ventas, Inc. is a real estate company whose properties include
219 nursing centers, 45 hospitals and eight personal care
facilities operated in 36 states.

Meetings, Conferences and Seminars

August 4-7, 1999
      Southeast Bankruptcy Workshop
         The Ritz-Carlton, Amelia Island, Florida
            Contact: 1-703-739-0800

August 26-28, 1999
      Real Estate Defaults, Workouts and Reorganizations
         San Francisco, California
            Contact: 1-800-CLE-NEWS

August 29-September 1, 1999
      1999 Convention
         Grove Park Inn, Asheville, North Carolina
            Contact: 1-803-252-5646 or

September 13-15, 1999
      8th Annual States' Taxation & Bankruptcy Conference
         Hotel Santa Fe, Santa Fe, New Mexico
            Contact: 1-505-827-0728

September 16-18, 1999
      Southwest Bankruptcy Conference
         The Hotel Loretto, Santa Fe, New Mexico
            Contact: 1-703-739-0800

September 17, 1999
      Bankruptcy '99: Views from the Bench
         Georgetown University Law Center, Washington, D.C.
            Contact: 1-202-662-9890
September 24-25, 1999
      14th Annual Mid-Atlantic Institute on
      Bankruptcy and Reorganization Practice
         Boar's Head Inn, Charlottesville, Virginia
            Contact: 1-800-979-8253

September 27-28, 1999
      Conference on Corporate Reorganizations
         Regal Knickerbocker Hotel, Chicago, Illinois
            Contact: 1-903-592-5169 or   

October 6-9, 1999
      73rd Annual Meeting
         San Francisco Marriott, San Francisco, California
            Contact: 1-803-957-6225

October 22-26, 1999
      1999 Annual Conference
         The Fairmont--Atop Nob Hill, San Francisco, CA
            Contact: 1-312-822-9700 or

November 17-20, 1999
      Educational Exchange
         Case De Campo Resort, LaRomana, Dominican Republic
            Contact: 1-703-739-0800

November 29-30, 1999
      Distressed Investing '99
         The Plaza Hotel, New York, New York
            Contact: 1-903-592-5169 or   

December 2-4, 1999
      Winter Leadership Conference
         La Quinta Resort & Club, La Quinta, California
            Contact: 1-703-739-0800

May 4-5, 2000
      Bankruptcy Sales & Acquisitions
         The Renaissance Stanford Court Hotel
         San Francisco, California
            Contact: 1-903-592-5169 or   


The Meetings, Conferences and Seminars column appears
in the TCR each Tuesday.  Submissions via e-mail to 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, Yvonne L. Metzler 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

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  * * *