TCR_Public/991001.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, October 1, 1999, Vol. 3, No. 190                                              

AGRIBIOTECH: Announces Preliminary Fiscal Year Results
ALPHA TUBE: Reaches Tentative Agreement on Debt  
AMPACE: Hearing For Approval of Disclosure Statement
BOONE UMW: Files For Bankruptcy
BRUNO'S: Denies Cutting Health Insurance to Strikers

EAGLE GEOPHYSICAL: Files Due to Burdensome Debt Load - Low Prices
EAGLE GEOPHYSICAL: Financing Secured For Up To $15 Million
EATON'S: Court Approves Switch to CCAA
HEALTHCOR HOLDINGS: Interwest Home Medical Announces Purchase

HUFFY: Won't Make Bikes In U.S.
IRIDIUM: Kyocera Comes to Aid of US Iridium
LIVENT: Court Approves Ernst & Young's Appointment as Receiver
LOEHMANN'S: Deadline For Filing Proofs of Claim
LONDON FOG: Case Summary & 20 Largest Creditors

MARANTA SA: Case Summary & 20 Largest Unsecured Creditors
NEWCARE HEALTH: Judge Clears Way For Sale of 22 Nursing Homes
SHONEY'S: 72 Restaurants To Close
VENCOR: Taps PwC as Accountants And Business Advisors
VENCOR: US Trustee Appoints Official Creditors' Committee

BOND PRICING: Week of September 27, 1999


AGRIBIOTECH: Announces Preliminary Fiscal Year Results
AgriBioTech, Inc. announced preliminary unaudited results for the
fiscal year ended June 30, 1999.

The Company estimates it will report a net loss of approximately
$ 47-$ 51 million, or $ 1.15 - $ 1.25 per share, on sales of
approximately $ 370 million for fiscal 1999. This compares to net
earnings of $ 0.4 million, or $ 0.01 per share, on sales of $ 205
million for fiscal 1998. Average outstanding fully diluted common
shares for fiscal 1999 were 40.8 million compared to 32.1 million
for fiscal 1998. The increase in shares outstanding and revenues
reflects transaction activity in fiscal 1999, when the Company
made nine acquisitions.

Of this loss, an estimated $ 35-39 million occurred in the fourth
quarter on sales of approximately $ 98 million, compared to a
loss of $ 3.9 million on sales of $ 65.4 million in the fourth
quarter of 1998. The Company indicated that the primary
contributors to this estimated fourth quarter loss were the
restructuring charge, integration costs, extraordinary loss on
early sub-debt redemption and reserves and write-offs on
inventory and receivables.

The Company also estimates that EBITDA (earnings before interest
expense, income taxes, depreciation, amortization, special
charges and extraordinary item) of approximately negative $ 10-$
14 million for fiscal 1999 compared to a positive $ 6.4 million
for fiscal 1998. The fiscal 1999 estimated net loss includes an
extraordinary item for the loss on early redemption of sub-debt
of $ 3.9 million, or $ 0.10 per share. EBITDA is a cash based
measure of operating performance.

Richard Budd, Chairman and Chief Executive Officer of ABT, said
"As we have previously communicated, fiscal 1999 was a year of
integration and significant organizational change which prepared
us for the future. This 1999 loss is not indicative of future
results due to the significant amount of unusual items such
as the restructuring and special charges, integration related
inventory reserves, duplicative operating expenses, bad debt
write-off due to the Hechinger bankruptcy, new information system
rollout costs, and the extraordinary loss on the early redemption
of the sub-debt."

AgriBioTech expects to report its final results and file its Form
10-K for the 1999 fiscal year end by October 13th. The Company
said that the delay in reporting final fiscal year end financial
results is due to the significant amount of recent organizational
change including restructuring of the acquired companies into
business units, closure of facilities and related appraisals,
headcount reductions and the rollout of a new information system.

In addition, the Company provided an update on its long-term debt
financing plans and activities. "We are pleased with ABT's
current discussions with potential lenders. However, the
appraisals of real estate, machinery and equipment are taking
longer than anticipated. We expect the commitment to be finalized
shortly, with the funding completed in late October or early
November," Budd said.

Further information regarding the long term financing and fiscal
year 2000 progress will be provided when the fiscal 1999 Form 10-
K is filed. AgriBioTech, Inc. is a vertically integrated, full
service seed company specializing in the forage and turfgrass
sector, complete with research and development of proprietary
seed varieties, seed processing plants, and a national and
international distribution and sales network. ABT's vision is to
lead the turf and forage seed industry in discovering its value

ALPHA TUBE: Reaches Tentative Agreement on Debt  
Alpha Tube Corp., a subsidiary of Acme Metals Inc., announced
yesterday that it has reached an agreement with its creditors'
committee to pay pre-petition trade debt; the agreement is
subject to the bankruptcy court's approval. Under the proposed
agreement, the payment of claims would depend on acceptance by 90
percent in value of trade claims and would provide for payment at
85 percent of allowed claims, capped at an aggregate of $6
million. The payments would be made in two equal installments:
the first would come five business days after court approval,
followed by the second payment four months later. Acme and its
subsidiaries filed for chapter 11 protection a year ago.
(ABI 30-Sept-99)

AMPACE: Hearing For Approval of Disclosure Statement
Ampace Corporation and Ampace Freightlines, Inc., debtors, filed
their proposed Third Amended Disclosure Statement with respect to
third Amended Joint Plan of reorganization and their third
amended joint plan of reorganization with the court on September
22, 1999.  

A hearing for the approval of the Disclosure Statement is
scheduled before the Honorable Peter J. Walsh, October 20, 1999,
3:30 PM, US Bankruptcy Court for the District of Delaware, Marine
Midland Plaza, 824 Market Street, Wilmington, Delaware, 19801.

BOONE UMW: Files For Bankruptcy
Declining membership and a $ 167,000 legal judgment stemming from
a 1996 strike has forced a United Mine Workers local to seek
federal bankruptcy protection.

Local 781 filed bankruptcy papers in federal court in Charleston
earlier this month, Charles Donnelly, who is representing the
local, said Tuesday. Final papers should be filed next month.

Eastern Associated Coal Co. sued the local after miners staged a
three-day wildcat strike in 1996 at the company's Wells unit and
Lightfoot preparation plant in Wharton, Boone County. The walkout
was over Eastern's vacation policy.

Company lawyers argued the strike cost Eastern $ 231,000 a day. A
1997 settlement required the local to pay the company $ 167,000.

Union officials have been using local dues to make monthly
payments, but revenues have dropped as membership has fallen from
400 members in 1996 to less than 200.

Tom Gallagher, senior counsel for Peabody Group, which owns
Eastern, said company officials were surprised by the filing.
Eastern has collected about $ 50,000 of the debt so far.

Chapter 11 is the most common form of bankruptcy. It frees the
filer to reorganize finances without the threat of creditors'

"Hopefully, this will still allow them to function at the mine,
and monitor safety issues," Donnelly said of the filing.
"Safety's foremost."

BRUNO'S: Denies Cutting Health Insurance to Strikers
Bruno's has not discontinued the health insurance of strike
workers, company officials say, answering a concern raised by
union leaders.

Laura Hayden, senior vice president for human resources at the
grocery chain, said the company had the legal right to cut off
health insurance to those on strike, but had not done so.

She said talk of cutting benefits was "scare tactics" by the
union, which launched the strike Sunday at Food World, Food Fair
and Bruno's stores in Alabama in a contract dispute.

Jill Cashen, a spokeswoman for the United Food and Commercial
Workers International Union, said strikers had heard that
benefits were being discontinued and that a letter was sent to
Bruno's saying the company had a moral obligation to fund the
health benefit packages.

"The workers earned their health benefits. We demand that they
get what they deserve," said George Seidenfaden, president of
UFCW Local 1657.

The Bruno's vice president said the health insurance is tied to
the average hours worked over a period of weeks and that coverage
is a decision the employee makes.

Questions over health benefits arose as a business agent for
striking union workers was charged with trespassing when he
brought materials to picketers at a Food World store in
Talladega, an arrest the union said was illegal.

Greg Slead, an agent with the United Food and Commercial Workers
International Union, was arrested Monday on a warrant filed by
the Food World store director, Horace Vincent.

Vincent said he filed the warrant because Slead is from College
Park, Ga., and is not a local union member.

Union officials said today that Slead, who had been held on $ 500
bond, was later released and was one of a number of union members
illegally threatened by Bruno's corporate officials and store

"He was illegally detained," said Ms. Cashen. "He had every right
to be on the premises."

There was no immediate comment from Bruno's officials.

The strike began early Sunday at the company's 104 Food World,
Food Fair and Bruno's Food and Pharmacy stores in Alabama.
Bruno's officials said about 60 percent of the workers were on
the job Sunday and about 70 percent Monday, but union leaders
said many customers were turning away and that store sales were

No new contract talks have been scheduled. A key issue is job
security, with union leaders asking that employees be guaranteed
jobs if Bruno's is sold or merged. Officials at Bruno's, which is
trying to come out from Chapter 11 bankruptcy protection, have
said there are no plans to sell or merge the company.

The company also said they met the union's other requests for
benefit protection and for pay raises, ranging from 8 percent to
12 percent over the life of the contracts. Bruno's contracts with
the union range from 41 months to 48 months.

Debtor:  Eagle Geophysical, Inc.
         2603 Augusta
         Suite 1400
         Houston, Texas 77056

Court: District of Delaware

Case No.: 99-3481   Filed: 09/28/99  Chapter 11

Debto5r's Attorney:
S. David Peress               
Young, conaway, Stargatt & Taylor
11th Floor, Rodney Square North
PO Box 391
Wilmington, DE 19899-0391                 

Total Assets:            $208.691,248
Total Liabilities:       $167,600,192
No. of shares of common stock         8,788,310 - 9000 holders

EAGLE GEOPHYSICAL: Files Due to Burdensome Debt Load - Low Prices
THE HOUSTON CHRONICLE reports on September 30, 1999,that Eagle
Geophysical, a Houston company that does seismic work for oil
and gas companies, said Wednesday that it had filed a voluntary
petition forChapter 11 bankruptcy protection.

A burdensome debt load and low prices over last winter -- which
reduced its revenues by nearly 50 percent -- were the reasons
cited by Eagle for the move to seek protection from its

The filing by Eagle and its U.S. subsidiaries was made in federal
court in Wilmington, Del., and follows a filing by its English
subsidiary, Horizon Exploration Ltd., last Friday in London.

The companies plan to continue operating while a restructuring
plan is worked out with senior note holders and other creditors.

Payment to suppliers and the trade during the reorganization
process will be made possible by a $ 15 million credit commitment
from Wells Fargo Business Credit, a current lender.

The Chapter 11 filing listed $ 227 million in assets, including
three ships and various equipment for onshore testing, compared
with $ 198 million in liabilities.

Eagle uses sound waves to chart underground formations that may
contain oil or gas, both on shore and offshore, helping companies
decide where to drill.

"The decreased revenues we have experienced since the first
quarter of this year, combined with our debt service requirements
from borrowing we incurred to increase our offshore data
acquisition capabilities, have combined to make ongoing
operations with our current capital structure impossible,"
company President and Chief Executive Jay Silverman said in a
written statement.

Revenues in the second quarter dropped to $ 17.9 million from $
34.3 million a year earlier, resulting in a net loss of $ 14.5
million, before nonrecurring charges. In the year that ended Dec.
31, Eagle Geophysical had $ 121 million in revenues.

Wednesday's Chapter 11 filing was precipitated by the expiration
of a 60-day grace period on a missed interest payment on $ 100
million in senior notes, the company said.

Since mid-August, the company has been in discussions with a
committee representing a majority of the senior note holders, it

Despite recent increases in the price of crude, demand by oil
companies for seismic work has not improved significantly,
Silverman said.

It will probably be the first quarter of 2000 before the seismic
sector of the energy industry sees an upturn, and the middle of
the year before it gets back to normal, Chief Financial Officer
Dick McNairy said.

The company has 330 employees, 230 of them in the United States.
Until the spring of 1997, Eagle Geophysical was the land portion
of Seitel. Its initial public offering was made later that year.

Eagle Geophysical Inc., Houston, and its U.S. subsidiaries filed
for chapter 11 protection in the District of Delaware. The
Company cited substantially reduced demand for its services due
to lower oil company spending on seismic data and burdensome
interest costs from the Company's debt load as the primary
factors for the filing.

The filing in federal court in Delaware will allow the Company to
continue its operations under the protection of the bankruptcy
court while it finalizes discussions with its senior note holders
and other major creditors on a restructuring plan.

To provide liquidity through the reorganization process,
including payment of suppliers and trade creditors, Eagle
Geophysical has secured a commitment for up to $15 million of
debtor-in-possession financing from Wells Fargo Business
Credit, a current Eagle Geophysical lender, subject to bankruptcy
court approval.

On Friday, September 24, 1999, Eagle Geophysical's wholly-owned
English subsidiary, Horizon Exploration Ltd., filed
administration proceedings in London, England.  Horizon
Exploration conducts the Company's offshore seismic operations.  
Horizon Exploration plans to continue its offshore seismic
data acquisition operations during this administration under the
management of a third-party administrator, who is a licensed
insolvency practitioner. The administration imposes a moratorium
on creditor claims against Horizon Exploration while the
administrator works towards a voluntary arrangement with
creditors under English insolvency law.

Eagle Geophysical has been aggressively pursuing a financial
restructuring to address its liquidity problems and recapitalize
its balance sheet since it retained CIBC World Markets as its
financial advisor in May, 1999. The Company has been conducting
substantive discussions since mid-August 1999 with a committee of
holders representing a majority of its outstanding $100,000,000
Senior Notes due 2008.  However, continuing liquidity problems
and the expiration of the 60 day grace period for the July 15,
1999 interest payment on the Senior Notes precipitated the
Company's Chapter 11 filing.

"Despite recent increases in oil prices, demand for seismic data
acquisition has not yet significantly improved.  The decreased
revenues we have experienced since the first quarter of this
year, combined with the debt service requirements from borrowings
we incurred to increase our offshore data acquisition
capabilities have combined to make ongoing operations with our
current capital structure impossible.  We determined it was in
the best interest of our customers and financial stakeholders to
seek Chapter 11 protection in order to provide sufficient time
and resources to effectively complete the restructuring of our
business and position ourselves for anticipated upturn in
the seismic data acquisition business," said Jay Silverman,
President and CEO of Eagle Geophysical.

Eagle Geophysical provides onshore and offshore seismic data
acquisition services to the petroleum industry.

EATON'S: Court Approves Switch to CCAA
The Calgary Sun reports on September 30, 1999 that insolvent T.
Eaton Co. is now operating under the protection of the
Companies' Creditors Arrangement Act.

An Ontario court approved the retailer's request yesterday to
switch from the Bankruptcy and Insolvency Act. The move was a
condition of Sears Canada Inc.'s offer to buy Eaton's shares and
up to 13 of its stores.

The CCAA protection also gives Eaton's more flexibility in
arranging its affairs and putting together a plan to pay back
creditors at least some of $330 million owed.

In granting the transfer, the court also agreed to concessions to
landlords as some were concerned they would have fared better
under provisions of the bankruptcy act.

HEALTHCOR HOLDINGS: Interwest Home Medical Announces Purchase
Interwest Home Medical, Inc. (Nasdaq: IWHM) today announced the
purchase of the Denver, Colorado home oxygen and medical
equipment ("HME") business and assets of HealthCor Holdings, Inc.
as approved by the United States Bankruptcy Court for the North
District of Texas - Dallas Division.  The transaction closed
on September 29, 1999 and is effective to August 1, 1999 when
IWHM signed an agreement to manage the operations for HealthCor.  
This transaction was previously announced on September 16, 1999.

HealthCor's home oxygen and medical equipment operations have
been in business in Colorado for over 3 years and account for
approximately $7 million in annual revenue (mostly respiratory
and oxygen services) primarily through managed care contracts.  
The acquired operations will be combined with those of the
existing IWHM branch in Denver.  Financial terms of the
acquisition were not disclosed.

James E. Robinson, Interwest Home Medical's President and CEO,
commented, "This acquisition strengthens our position in
Colorado, making Interwest a leading provider in most of the
markets it serves.  Strategic acquisitions are a fundamental
component of the Company's long-term growth strategy and
demonstrates our commitment to acquiring those operations that
add value to Interwest Home Medical."

Interwest Home Medical's services include rental and sales of
home oxygen and respiratory equipment, home care equipment and
supplies, and rehabilitation equipment.  Interwest Home Medical,
Inc. has expanded to 28 branch locations in Utah, Arizona, Idaho,
Nevada, Colorado, Alaska and California and employs over 400.
At present, Interwest Home Medical has preferred provider
agreements with more than 50 different health insurance companies
to provide home medical services to their covered beneficiaries.  
In addition, Interwest Home Medical maintains a sales force of
over 40 persons who call on hospitals, physicians, therapists,
discharge planners, case managers and other health care
professionals to obtain referrals for home medical services.  The
Company was the first home medical equipment (HME) services
company west of the Mississippi River and the third in the nation
to be accredited (since 1988) by the Joint Commission on
Accreditation of Healthcare Organizations (JCAHO).  Interwest
Home Medical Inc. (CUSIP# 46114P 20 9) maintains corporate
offices located at 235 East 6100 South in Salt Lake City, Utah.  
The Company's common stock is traded on the Nasdaq Small-Cap
Market under the symbol IWHM.

HUFFY: Won't Make Bikes In U.S.
Huffy Corp. said yesterday it will close its two bicycle plants
in the United States by year's end and begin importing all of its
bikes. The Dayton, Ohio based company cited competitive pressures
from Chinese made bicycles, which have declined in price during
the past six months. Huffy has been making bicycles in
the United States since 1934 and currently imports about 70
percent of its bikes, from China, Taiwan and Mexico. The move
eliminates the jobs of 600 workers. Huffy's plant in Farmington,
Mo., employs 440 people, and 160 work at the plant in Southaven,

IRIDIUM: Kyocera Comes to Aid of US Iridium
Kyocera [6971] revealed yesterday that it would join with DDI
[9433] to pump up to 5 billion yen into troubled US
telecommunications provider Iridium, which is undergoing a
bankruptcy reorganization. Iridium launched a global call-
anywhere mobile phone network connected by satellite, but a
slowdown in subscriber growth led it to file for protection under
Chapter 11. Nihon Iridium, a member of the DDI group, already has
21.8 billion yen invested in the US firm, and now Kyocera, DDI's
largest shareholder, will join with DDI to invest an additional 5
billion yen, though it is not clear whether they will participate
on an equal basis or not. Kyocera and DDI have additional plans
to boost their stakes in Australia-based Iridium South
Pacific, of which they already own 25% each, sometime next month
through taking on new shares to boost capital and buying up
shares from other stockholders.

LIVENT: Court Approves Ernst & Young's Appointment as Receiver
Livent Inc., Toronto, announced yesterday that the Superior Court
of Justice in Ontario, Canada, has approved the company's request
for the appointment of Ernst & Young as receiver and manager of
the property, assets and undertaking of Livent, according to a
newswire report. Ernst & Young previously had been appointed
monitor when Livent filed for protection under Canada's
Companies' Creditors Arrangement Act last November. The company
also filed for chapter 11 protection last November in the United
States. The Livent Board of Directors determined that a court-
appointed receiver and manager needs to work in conjunction with
the continuation of the U.S. bankruptcy proceedings in realizing
the remaining assets and the administration of creditors' claims.
Board members resigned as directors of Livent effective upon
E&Y's appointment, and several members of the senior management
are also leaving the
company at this point.

LOEHMANN'S: Deadline For Filing Proofs of Claim
On September 16, 1999, the US Bankruptcy Court for the District
of Delaware signed an order fixing November 8, 1999 at 5:00 PM as
the last date for filing proofs of claims in the case of
Loehmann's, Inc.

LONDON FOG: Case Summary & 20 Largest Creditors
Debtor:  London Fog
         1332 Londontown Boulevard
         Eldersburg, Maryland

Court: District of Delaware

Case No.: 99-3446    Filed: 09/27/99    Chapter: 11

Debtor's Counsel:  
Kelley A. Cornish, Esq.
Sidley & Austin
875 Third Avenue
New York, NY 10022
(212) 906-2000

Laura Davis Jones, Esq.
Joel A. Waite, Esq.
Young Conaway Stargatt & Taylor, LLP
Rodney Square North, 11th Floor
Wilmington, DE 19801               
20 Largest Unsecured Creditors:

   Name                                       Amount
   ----                                       ------
IBJ Whitehall Bank & Trust               Unliquidated
DDJ Capital Management LLC               $29,024,959
Contrarian Capital Fund                   21,998,963
Foothill Capital Corp.                    21,698,497
Van Kampen American Capital PRIT          13,541,264
Morgens Waterfall Domestic Partners       12,122,392
Amalgamated Allied
Industries Insurance Fund               Unliquidated
Prime Income Trust                      1,613,131
American Tourister                        798,981
Toth Design & Advertising                  89,895
Chelsea GCA Realty Partnership             88,357
Tanger Properties Limited Partnership      53,664
Ecklecco                                   38,684
LP Thebault Co.                            32,701
Sher Plastics Co. Inc.                     31,522
Encore Textiles, Inc.                      29,305
Monarch Marking Systems                    25,436
Impact Consulting Services, Inc.           24,860
Prime Outlets at Gilroy Ltd Partnership    22,616
J&J Southeast                              21,030

MARANTA SA: Case Summary & 20 Largest Unsecured Creditors
Debtor: MARANTA SA (Hvide Marine)
Court: District of Delaware

Case: 99-3445

Debtor's Attorney:
Robert J. Feinstein
Kronish, Lieb, Widner & Hellman LLP
1114 Avenue of the Americas
New York, NY

Laura Davis Jones
Young Conaway Stargatt & Taylor, LLP
Rodney Square North, 11th Floor
Wilmington, DE 19801             

Total Assets as of June 30, 1999 Approx. $974,455,387
Total liabilities: Approx. $805,861,243

Bank Group Secured Debt $241,421,936
MARAD Secured Debt - $34,825,000l - 2 holders
Capital Lease Claims - $39,045,185 - 7 holders
Other Secured Debt - $18,800,015 4 holders
General Unsecured Claims $39,533,607 - 4,590 holders
Unsecured Claims - 8-3/8% Senior Notes $312,562,500 - 36 holders
Unsecured Claims - Convertible Subordinated Debenture Claims -
$119,673,000 - 1 holder

Trust Preferred Securities - 2,300,000 shares - 25 holders
Common Stock - 12,000,000 shares - 2 holders

Type of Business: The debtors are one of the world's leading
providers of marine support and transportation services,
primarily serving the energy and chemical industries.

List of Creditors Holding 20 Largest Unsecured Claims:

Name                              Nature         Amount
----                              ------         ------
Citibank NA     Revolving Credit & term Loan     5,241,421,936
Bank Bostn NA   Revolving Credit & Term Loan

Bank of New York, trustee        8 3/8% Notes      312,560,500
Loomis Sayles & Company LP   8 3/8% Senior Notes   189,680,000

NEWCARE HEALTH: Judge Clears Way For Sale of 22 Nursing Homes
A federal bankruptcy judge has cleared the way for the sale of 22
nursing homes owned by an Atlanta-based nursing home chain to a
Nevada firm.

The homes currently owned by NewCare Health Corp. are in Georgia,
Florida, Massachusetts, Texas, Tennessee and Kansas.

Judge Henry Boroff approved a $ 12.5 million bid by LTC
Healthcare Tuesday after disqualifying a Pittsfield, Mass.,
company that is now managing the homes. The judge said the
Pittsfield company, Lenox Health Care, had insider information.

However, officials of LTC, a spin-off of LTC Properties Inc. of
Oxnard, Calif., said they plan to hire Lenox to continue managing
the homes.

With the $2.5 million contract, the company will run a total of
106 nursing homes across the nation, Lenox President Thomas
Clarke said.

Meanwhile, state and federal agents are continuing an
investigation into allegations that NewCare failed to pay workers
insurance, payroll and other taxes and removed $ 500,000 it had
been required to post in an escrow account with the state
Department of Public Health.

The company, which sought Chapter Eleven protection in June,
acquired its four Massachusetts homes in a bankruptcy sale in

SHONEY'S: 72 Restaurants To Close
Shoney's Inc. will close 72 struggling company-owned restaurants
in 14 states by the end of October in a bid to strengthen its
core operations and boost its share price. The Shoney's stores to
be closed include one in Campbellsville, Ky. The store, which
employed 45 full- and part-time workers, closed yesterday.
Shoney's said it would help the employees find jobs with other
restaurants in the chain. A Shoney's spokeswoman would not
comment on whether any other restaurants in Kentucky or Southern
Indiana would be closing. After the sales and closings,
Nashvillebased Shoney's Inc. will operate and franchise 1,117
Shoney's, Captain D's, Pargo's and Fifth Quarter restaurants in
28 states.

VENCOR: Taps PwC as Accountants And Business Advisors
The Debtors sought and obtained the Court's authority to employ
PricewaterhouseCoopers LLP as their accountants and business
advisors in these chapter 11 cases.  Specifically, PwC will:

     (a) assist the Debtors in preparing cash flow projections;

     (b) analyze and assist in developing and preparing business
plans and financial projections;

     (c) assist in the preparation of financial documents
required by the Court, including monthly operating reports;

     (d) assist the Debtors in preparing schedules of assets and
         liabilities, and the statement of financial affairs;

     (e) assist in analyzing potential preference payments,
fraudulent conveyances and other causes of action;

     (f) analyze and assist in the development and the
negotiation of a plan of reorganization with various creditors
and other parties in interest;

     (g) prepare for and meet with the secured lenders and the
unsecured creditors committee and their respective professionals;

     (h) assist in the preparation of documents necessary for the
confirmation of a plan in these proceedings, including the
disclosure statement and liquidation analysis;

     (i) assist the Debtors with the claims reconciliation

     (j) advise and assist the Debtors in assumption and
rejection of executory contracts;

     (k) assist the Debtors in restructuring significant trade
agreements with major vendors as required;

     (l) provide real estate consulting services to the Debtors;

     (m) render expert testimony on behalf of the Debtors if
necessary, in the areas in which PwC is qualified;

     (n) advise and assist with reorganization tax issues;

     (o) attend, when necessary, court hearings; and

     (p) perform any other service that the Debtors, or their
counsel, deem necessary or appropriate.

The Debtors disclose that they contacted PwC is March 1999, for
accounting and business advice, and the bill for those services
totaled $1,561,123, all of which was paid prior to the Petition
Date.  At the Petition Date, the Debtors advise, PwC also held a
$300,000 retainer.  

PwC will bill the Debtors for its professionals' work at its
customary hourly rates:

               Partners/Principals          $475 - $545
               Managers/Directors           $320 - $450
               Senior Associates            $225 - $300
               Associates                   $150 - $200
               Project Assistants            $90 - $150

               Dominic DiNapoli             $540
               Kevin J. Lavin               $525
               Gina Gtzeit                  $490
               Louis E. Robichaux, IV       $375

Mr. Lavin, a partner in PwC's New York office, reminds the Court
that PwC is a Big Five accounting firm, doing auditing and
consulting work for many of the Debtors' creditors and other
parties in interest.  Mr. Lavin assures the Court that none of
these other representations relate to Vencor's chapter 11 cases.  
Mr. Lavin is confident that PwC and its professionals
are disinterested within the meaning of 11 U.S.C. Sec. 101(14).  
(Vencor Bankruptcy News Issue 3; Bankruptcy Creditors' Service,

VENCOR: US Trustee Appoints Official Creditors' Committee
The United States Trustee for Region III, pursuant to 11 U.S.C.
Sec. 1102(a)(1), from dozens of indications of willingness to
serve on a committee submitted by creditors, appointed a seven-
member, bondholder-dominated Official Committee of Unsecured
Creditors to represent the interests of the Debtors' unsecured
creditors in Vencor's chapter 11 cases:

      (1) HSBC Bank USA, as Indenture Trustee
          140 Broadway, 12th Floor
          New York, NY 10005
               Attention: Metin Caner, 212-658-6564

      (2) Appaloosa Investment Limited Partnership (I)
          26 Main Street, 1st Floor
          Chatham, NJ 07928
               Attention: Ken Maiman, 973-701-7000

      (3) Franklin Mutual Shares Fund
          51 John F. Kennedy Parkway
          Short Hills, NJ 07078
               Attention: Jeffrey Altman, 973-912-2152

      (4) The Bank of New York, as Indenture Trustee
          101 Barclay Street, Floor 21-West
          New York, NY 10286
               Attention: Gary Bush, 212-815-3964

      (5) Ventas, Inc.
          4360 Brownsboro Road, Suite 115
          Louisville, KY 40207
               Attention: John C. Thompson, 502-357-9000

      (6) MEDIQ/PRN Life Support Services, Inc.
          One Mediq Plaza
          Pennsauken, NJ 08110
               Attention: Alan S. Einhorn, 856-662-3200

      (7) Boise Cascade Office Products Corp.
          1501 Woodfield Road, Suite 200 East
          Schaumburg, IL 60174
               Attention: Leonard William Jersey, 847-969-2728

(Vencor Bankruptcy News Issue 3; Bankruptcy Creditors' Service,

BOND PRICING: Week of September 27, 1999
DLS Capital Partners, Inc., bond pricing for week of September

Following are indicated prices for selected issues:

Acme Metal 10 7/8 '07                        18 - 22 (f)
Amer Pad & Paper 13 '05                      30 - 33
Asia Pulp & Paper 11 3/4 '05                 64 - 65
E & S Holdings 10 3/8 '06                    44 - 47
Fruit of the Loom 8 7/8 '06                  39 - 41
Geneva Steel 11 1/8 '01                      18 - 20 (f)
Globalstar 11 1/4 '04                        61 - 63
Hechinger 9.45 '12                           10 - 13 (f)
Integrated Health 9 1/2 '07                  18 - 22 (f)
Iridium 14 '05                               10 - 11 (f)
Just for Feet 11 '09                         20 - 23
Loewen 7.20 '03                              52 - 54 (f)
Planet Hollywood 12 '05                      26 - 28 (f)
Purina Mills 9 '10                           20 - 24 (f)
Service Merchandise 9 '04                    14 - 16 (f)
Sunbeam 0 '18                                16 1/2 - 17 1/2
TWA 11 3/8 '06                               63 - 65
United Artists 9 3/4 '08                     18 - 25
Vencor 9 7/8 '05                             26 - 28 (f)
Zenith 6 1/4 '11                             18 - 22 (f)


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,
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.  

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