TCR_Public/991209.MBX    T R O U B L E D   C O M P A N Y   R E P O R T E R
       
      Thursday, December 9, 1999, Vol. 3, No. 238
                     
                     Headlines

AMERICAN GAMING: Reports Restructuring
CORAM RESOURCE: Committee Taps The Bayard Firm
CRIIMI MAE: Announces Conversions of Preferred Stock
DEVLIG-BULLARD: Order Authorizes Retention of Accountants
GENESIS HEALTH VENTURES: Enters Into Restructuring Agreement

HOGIL PHARMACEUTICAL: Taps Anchin Block & Anchin LLP
HOUSING RETAILER: Order Extends Time To Assume/Reject Leases
HOUSING RETAILER: Court Establishes Bar Date
IRIDIUM LLC: Reports Most Recent Financial Information
IRIDIUM: Two Creditors Want Board's Law Firm Disqualified

JUST FOR FEET: Committee Taps Kronish Lieb Weiner & Hellman
LENOX HEALTHCARE: Committee Objects To Financing
LITTLE SWITZERLAND: Annual Meeting Set For December 21
MONTGOMERY WARD: Ameritech Seeks To Compel Distribution
NORTH AMERICAN VACCINE: Signs Definitive Share Exchange Agreement

NU-KOTE HOLDING: Applies To Approve Counsel For the Examiner
OPTEL, INC: Applies To Retain Akin, Gump
PREMIS CORP: Sells Stock of Subsidiary For $1M Plus Liabilities
PRIMARY HEALTH: Seeks to Extend Time To Assume/Reject Leases
SGL CARBON: Antitrust Proceedings in No. America Almost Over

SINGER COMPANY: Seeks To Establish Bar Dates
SIZZLER INTERNATIONAL: Reports Financials to SEC
SOUTHERN MINERAL: Committee Taps Andrews & Kurth
SUN HEALTHCARE: Announces Third-Quarter Results
TULTEX: Court Approves Interim Financing and First Day Orders

                     *********

AMERICAN GAMING: Reports Restructuring
--------------------------------------
American Gaming & Entertainment, Ltd. (the "Company") reported in
its Form 8-K dated November 23, 1999 that, in accordance with a
Letter Agreement dated November 23, 1999 between the Company and
Shamrock Holdings Group, Inc. (and respective affiliated
entities) (the "Letter Agreement"), the Company has agreed
to transfer to Shamrock substantially all of the Company's
assets, including, without limitation, (a) substantially all of
the Company's right, title and interest under the First Amended
Joint Plan of Liquidation for AMGAM Associates and American
Gaming and Resorts of Mississippi, Inc. and (b) all payments,
distributions, dividends and proceeds of any type to which the
Company is entitled pursuant to or in connection with an
Irrevocable Proxy and Consent Agreement relating to the Company's
4.9% interest in a riverboat gaming and entertainment complex in
Rising Sun, Indiana (the "RSR Interest") (collectively,
the "Transferred Assets").

The Transferred Assets constitute substantially all of the assets
of the Company. As of September 30, 1999, the Company was
indebted to Shamrock in the amount of approximately $63,145,000.
As of September 30, 1999, the book value of the Transferred
Assets was approximately$10,062,000. In accordance with the
Letter Agreement, the Company and Shamrock will execute a
security interest in the RSR Interest in exchange for Shamrock
agreeing to forebear from the exercise of any rights or remedies
in respect of all obligations owing by the Company to Shamrock.
Pursuant to the Letter Agreement, Shamrock shall release the
Company from all debts and liabilities in excess of the amount of
the Transferred Assets, and shall cause the dismissal with
prejudice of the adversary proceeding captioned Richard C.
Breeden, Trustee of the Bennett Funding Group, Inc. et al
v. Gamma International, American Gaming & Entertainment, Ltd. and
John Does 1 to 100 (AP 98-70465 A) (United States Bankruptcy
Court for the Northern District of New York).  The consummation
of this transaction will therefore reduce the Company's
indebtedness to Shamrock, and constitute full satisfaction of
such indebtedness. In accordance with the Letter Agreement, the
Company anticipates retaining sufficient cash as to have $464,000
as of January 1, 2000, less legal retainers plus accounts payable
incurred in the ordinary course of business to bona fide third
parties and mutually agreed upon by the Company and Shamrock.
Such retained amount represents the Company's budgeted costs
through January 31, 2001. As of January 31, 2001, after paying
any and all outstanding expenses, the Company anticipates
transferring all remaining cash to Shamrock.

Pursuant to the Letter Agreement, Shamrock and its affiliates
have agreed to waive all accrued dividends, whether declared or
undeclared, on the Series C Stock and Series D Stock. Although
undeclared dividends do not constitute legal obligations of the
Company, the Company accrued for such dividends because,
under the terms of the Series C Cumulative Preferred Stock
("Series C Stock") and the Series D Cumulative Preferred Stock
("Series D Stock"), dividends are cumulative whether or not
declared and the Company was prohibited from paying dividends on,
purchasing or redeeming any of its Series A Stock or Common Stock
so long as any such cumulated dividends were unpaid. Shamrock and
its affiliates have agreed to waive any future dividends on such
preferred stock so long as Shamrock or its affiliates own such
preferred stock, provided, however, that if the Company declares
any dividends on its Common Stock or redeems any of its
Common Stock or Series A Stock, other than Common Stock or Series
A Stock owned by Shamrock and its affiliates, then the holders of
Series C Stock and Series D Stock shall be entitled to
participate in such dividend or redemption on the same basis as
if such Series C Stock and Series D Stock had been converted into
Common Stock in accordance with the terms of such Series C Stock
and Series D Stock. All other provisions of the Series C Stock
and Series D Stock shall remain in effect, including, without
limitation, provisions regarding voting and conversion.

Pursuant to the Letter Agreement, the Company has agreed to
release Shamrock from all debts and liabilities and shall
withdraw all claims in the bankruptcy cases of Shamrock and
Bennett Funding Group, Inc. et al. The Company shall endeavor to
find a buyer of its stock and/or remaining assets during the term
ending January 31, 2001.

Mr. J. Douglas Wellington, the President and Chief Executive
Officer of the Company, has agreed to continue his employment
with the Company through the period ending January 31, 2001 at an
annual compensation of $125,000. At the end of such term,
assuming that there has been no intervening voluntary bankruptcy
filing by the Company without Shamrock's consent and assuming
that the provisions of the Letter Agreement and Mr. Wellington's
employment contract are met, Mr. Wellington shall be entitled to
a severance payment of $125,000 from a reserve account set aside
and controlled by Shamrock.

The Letter Agreement shall be effective upon the approval of the
United States Bankruptcy Court for the Northern District of New
York and, if necessary, the mailing of an Information Statement
to the stockholders of the Company.

On November 19, 1999, the Company's Board of Directors voted to
approve an amendment to the Company's Restated Certificate of
Incorporation increasing the number of authorized shares of
Common Stock to 3,000,000,000 shares (the "Authorized Share
Amendment"). Shamrock and its affiliates own all of the
Company's outstanding Series C Stock, Series D Stock and Series E
Preferred Stock ("Series E Stock"), convertible as of September
30, 1999 into 1,063,129,442 shares of Common Stock. The Company
does not have a sufficient number of authorized shares of Common
Stock to enable the conversion of all of the Series C Stock, the
Series D Stock and the Series E Stock. As of the current
date, Shamrock and its affiliates have not asserted any rights
they may have against the Company for the Company's failure to
maintain a sufficient number of authorized shares of Common Stock
to enable the Shamrock and its affiliates to convert all of the
Series C Stock, the Series D Stock and the Series E Stock. As
a result of the Authorized Share Amendment, the Company
anticipates having a sufficient number of authorized shares of
Common Stock to enable the Shamrock and its affiliates to convert
all of the Series C Stock, the Series D Stock and the Series E
Stock through January 31, 2001.

As discussed above, Shamrock and its affiliates have agreed to
waive all accrued dividends, whether declared or undeclared, on
the Series C Stock and Series D Stock. On November 19, 1999, the
Company's Board of Directors voted to approve an amendment to the
Company's Restated Certificate of Incorporation to provide that
if the Company declares any dividends on its Common Stock or
redeems any of its Common Stock or Series A Stock, other than
Common Stock or Series A Stock, then the holders of Series C
Stock and Series D Stock shall be entitled to participate in such
dividend or redemption on the same basis as if such Series C
Stock and Series D Stock had been converted into Common Stock in
accordance with the terms of such Series C Stock and Series D
Stock (the "Dividend Amendment").

The Authorized Share Amendment and Dividend Amendment shall be
effective upon the mailing of an Information Statement to the
stockholders of the Company.

On November 19, 1999, the Company's Board of Directors voted to
amend the Mr. Wellington's employment agreement, effective
January 1, 2000, to incorporate the terms of his employment set
forth in the Letter Agreement, as discussed above.

The Company's Board of Directors currently consists of Mr.
William R. Rafferty and Mr. Wellington. Mr. Rafferty has advised
the Company's Board of Directors that he is resigning effective
December 31, 1999.

The Company's Common Stock is traded on the OTC Bulletin Board
under the symbol "AGEL".


CORAM RESOURCE: Committee Taps The Bayard Firm
----------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
case of debtors, Coram Resource Network, Inc. and Coram
Independent Practice Association Inc. seeks to retain The Bayard
Firm as Delaware Counsel for the Committee.


CRIIMI MAE: Announces Conversions of Preferred Stock
----------------------------------------------------
CRIIMI MAE Inc. (NYSE: CMM) announced that during the first
conversion period for its Series F Dividend Preferred Stock
(November 15, 1999 through November 30, 1999) 756,453 shares of
Series F Dividend Preferred Stock were converted, resulting in
the issuance of 6,401,443 shares of the Company's common stock.
CRIIMI MAE issued a total of 1,606,595 shares of Series F
Dividend Preferred Stock on November 5, 1999 for the purpose of
distributing approximately $15.7 million in undistributed 1998
taxable income.  After giving effect to the conversion of the
756,453 shares of Series F Dividend Preferred Stock, there were
850,142 shares of Series F Dividend Preferred Stock and
59,954,604 shares of common stock issued and outstanding.

The second and final conversion period for shares of Series F
Dividend Preferred Stock commences on January 21, 2000 and ends
on February 3, 2000. Series F Dividend Preferred Stockholders
will have no right to convert their Series F Dividend Preferred
Stock into shares of common stock after February 3, 2000.

On October 5, 1998, the Company and two affiliates filed for
protection under Chapter 11 of the U.S. Bankruptcy Code.  Before
filing for reorganization, the Company had been actively involved
in acquiring, originating, securitizing and servicing multi-
family and commercial mortgages and mortgage related assets
throughout the United States.  Since filing for Chapter 11
protection, CRIIMI MAE has suspended its loan origination, loan
securitization and CMBS acquisition businesses.  The Company
continues to hold a substantial portfolio of subordinated CMBS
and, through its servicing affiliate, acts as a servicer for its
own as well as third party securitizations.


DEVLIG-BULLARD: Order Authorizes Retention of Accountants
---------------------------------------------------------
By order entered November 24, 1999, the US bankruptcy Court for
the Northern District of Ohio, Eastern Division granted authority
to the debtor, Devlieg-Bullard, Inc. to retain
PricewaterhouseCoopers as accountants and financial advisors, and
the Committee is authorized to utilize the firm as provided in
the application.


GENESIS HEALTH VENTURES: Enters Into Restructuring Agreement
------------------------------------------------------------
On October 8, 1999, Genesis Health Ventures, Inc. entered into a
restructuring agreement with Cypress, TPG and Nazem to
restructure their joint investment in Genesis ElderCare Corp.,
the parent company of Multicare.

On November 15, 1999, Genesis Health Ventures, Inc. announced the
closing of its transaction with The Cypress Group L.L.C. and TPG
Partners II, L.P. to restructure the Multicare joint venture.

Under the Restructuring Agreement, the Put under the Put/Call
Agreement was terminated in exchange for:

o  24,369 shares of Genesis' Series H Senior Convertible
Participating Cumulative Preferred Stock, which was
issued to Cypress, TPG and Nazem, or their affiliated                   
investment funds, in proportion to their respective                                     
investments in Genesis ElderCare Corp., and

o  17,631 shares of Genesis' Series I Senior Convertible
Exchangeable Participating Cumulative Preferred Stock,
which was issued to Cypress, TPG and Nazem, or their
affiliated investment funds, in proportion to their
respective investments in Genesis ElderCare Corp.

In connection with the restructuring transaction, the
restrictions in the Put/Call Agreement relating to Genesis' right
to take certain corporate actions, including its ability to sell
all or a portion of its pharmacy business, were terminated. In
addition, the Call under the Put/Call Agreement was amended to
provide Genesis with the right to purchase all of the shares of
common stock of Genesis ElderCare Corp. not owned by Genesis
for two million dollars in cash at any time prior to the 10th
anniversary of the closing date of the restructuring transaction.
Cypress and TPG invested, directly or through affiliated
investment funds, $25 million in Genesis in exchange for 6.25
million shares of Genesis common stock and a ten year warrant to
purchase one million shares of Genesis common stock at an
exercise price of $5.00 per share. In other words, Cypress and
TPG in the aggregate invested $50 million in Genesis for an
aggregate of 12.5 million shares of Genesis common stock and
warrants to purchase two million shares of Genesis common stock.


HOGIL PHARMACEUTICAL: Taps Anchin Block & Anchin LLP
----------------------------------------------------
The debtor, Hogil Pharmaceutical Corp., seeks authorization to
hire Anchin, Block & Anchin LLP as accountants and financial
advisors in the debtor's Chapter 11 case.


HOUSING RETAILER: Order Extends Time To Assume/Reject Leases
------------------------------------------------------------
The US Bankruptcy Court for the District of Delaware entered an
order on December 2, 1999, further extending the time within
which Ted Parker Home Sales, Inc. and Carolina Home Sales, Inc.
may assume or reject unexpired leases of nonresidential real
property.

The period within which Ted Parker Home sales, Inc. and Carolina
Home Sales, Inc. may assume or reject the Extension Leases shall
be and hereby is extended from November 19, 1999 until February
17, 2000.

With respect to Extension Lease Nos. 3,4,5,6 and 7, the motion is
adjourned to December 20, 1999 at 9:00 AM.


HOUSING RETAILER: Court Establishes Bar Date
--------------------------------------------
Order By order entered on December 1, 1999, the US Bankruptcy
Court for the District of Delaware entered an order establishing
December 31, 1999 as the Bar Date for filing all proofs of claim
and proofs of interests.


IRIDIUM LLC: Reports Most Recent Financial Information
------------------------------------------------------
Operating as a debtor-in-possession while under the protection of
Chapter 11 of the U. S. Bankruptcy Code, Iridium LLC, in filing
its most recent financial information, shows a net loss of
$67,735 on revenue of $591 for the period September 14 through
September 30,1999.  For the month of October 1999 the company's
net loss was $111,669 on revenue of $1,225.


IRIDIUM: Two Creditors Want Board's Law Firm Disqualified
---------------------------------------------------------
Two Iridium L.L.C. creditors are asking the bankruptcy court to
disqualify the law firm hired by Iridium to represent its board
throughout the restructuring process. Vebacom Holdings Inc. and
its VRT Telecommunications GmbH affiliate charged in a Dec. 3
motion that the law firm of Gibson Dunn Crutcher L.L.P. should
not be hired as special counsel to the board because it would
create a clear conflict of interest that would damage its
interests in the reorganization. (The Daily Bankruptcy Review and
ABI; December 8, 1999)


JUST FOR FEET: Committee Taps Kronish Lieb Weiner & Hellman
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Just For Feet,
Inc., et al. seek authority for Kronish Lieb Weiner & Hellman LLP
to be retained as its lead counsel.

The firm will provide the following services:

Attend the meetings of the Committee;
Review financial information furnished by the debtor to the
Committee;
Confer with the debtor's management and counsel;
Review the debtor's schedules and statement of affairs;
Advise the committee as to the ramifications regarding all of the
debtor's activities and motions before the court;
File appropriate pleadings on behalf of the Committee;
Analyze and review accountant's work product and reports to the
Committee;
Prepare various applications and memoranda of law submitted to
the court for consideration and handle all other matters relating
to the representation of the Committee that may arise;
Negotiate offers to liquidate the debtor's inventory;
Negotiate offers to sell the leases and other assets;
Assist the committee in negotiations with the debtor and other
parties-in-interest on a plan of reorganization.


LENOX HEALTHCARE: Committee Objects To Financing
------------------------------------------------
The Official Committee of Unsecured Creditors of Lenox
Healthcare, Inc., Lenox Healthcare Capital Corporation, Greylock
Health Corporation, Lenox Halthcare, LLC and their affiliates
objects to the debtors' motion for order authorizing secured
post-petition financing and use of cash collateral.  

The members of the Committee are: National HealthCare
Corporation, NCS Therapy, THERATX, Inc., Healthcare Services
Group, Inc., Meadowbrook Manor of Kansas & Missouri, Inc.,
Redline Healthcare, and Capital Corporation of America.  

The debtors seek authority to fund the post-petition operation of
the Indiana facilities through the use of NHC's cash collateral
and fund the post-petition operations of the remaining debtor
entities under the terms of a secured post-petition financing
arrangement with HHF.

HHF would fund operations of all of the debtor entities except
the Indiana facilities through a DIP financing arrangement
consisting of a revolving line of credit in an amount not to
exceed $11 million and a non-revolving term loan not to exceed $4
million.  The debtors are expressly prohibited from using any
funds advanced by HHF to fund operations of the Indiana
Facilities.

The Committee objects to the financing claiming that the Lookback
Period is inadequate, that justification for the rollover of
prepetition indebtedness is unclear, that HHF has not
demonstrated entitlement to relief from stay in this case, and is
even more objectionable when coupled with provisions requiring
appointment of a "Transition Agent."

The Committee also states that the fees required to be paid
pursuant to the DIP Loan Agreement are unreasonable, that
availability under the DIP Loan Agreement may not be sufficient
to adequately fund the debtors' operations, and that professional
fee carve-outs are inadequate.


LITTLE SWITZERLAND: Annual Meeting Set For December 21
------------------------------------------------------
The annual meeting of stockholders of Little Switzerland, Inc.
will be held on Tuesday, December 21, 1999 at 10:00 a.m., local
time, at The Fort Lauderdale Marriott North, 6650 North Andrews
Avenue, Fort Lauderdale, Florida  for the purpose of considering
and voting upon:

1. The election of two Class II Directors, each for a term
expiring at the 2002 annual meeting and until each Director's
successor is duly elected and qualified;

2. The amendment to the amended and restated certificate of
incorporation of the company to effectuate a one-for-five reverse
stock split of the company's common stock, par value $.01 per
share; and

The Board of Directors fixed the close of business on November
26, 1999  as the record date for determination of stockholders
entitled to notice of and to vote at the annual meeting.  The
Board of Directors has recommended the one-for-five reverse stock
split in an effort to allow the company to remain eligible for
continued listing on the Nasdaq SmallCap Market. Nasdaq
previously informed the company that it would not remain eligible
for trading on Nasdaq unless it could show compliance with the
continued listing requirements, including the $1.00 per share
minimum bid price requirement and certain other criteria. The
Board of Directors believes that if the proposed reverse stock
split is approved, the company should regain compliance with the
$1.00 per share minimum bid price requirement.


MONTGOMERY WARD: Ameritech Seeks To Compel Distribution
-------------------------------------------------------
Ameritech Credit Corporation asserts $1,700,000 in administrative
priority claims against the Debtors estates based on Montgomery
Ward's use of its equipment following the Petition Date.  
Ameritech filed an administrative claim in July, 1999, and the
Debtors objected.  Discovery followed; negotiations culminated on
the eve of a September hearing in the Debtors and Ameritech
agreeing that Ameritech would hold an allowed Class 3 Unsecured
Claim for $750,000.  That agreement was reduced to writing,
presented to Judge Walsh in the form of a Stipulation, and the
Court so-ordered that Stipulation--two months ago.  Ameritech
waits for a check, hearing from Debtors' counsel that the delay
is attributable to "internal disputes between the Debtors and the
Claims Resolution Committee and its counsel."  

By this Motion, Ameritech asks Judge Walsh to compel the
Reorganized Debtors to honor their obligations under the
Stipulation and send a check now, together with accrued interest
and its attorneys' fees.  Alternatively, Ameritech asks that the
Court vacate the Stipulation and Ameritech will proceed to
litigate its asserted administrative priority claims.  Ameritech
is unwilling to sit on the sidelines and be told that it must
wait for the resolution of "some closed-door, backroom power
struggle" between the Debtors and the Claims Resolution
Committee.  

Michael J. O'Rourke, Esq., and Michael C. Moody, Esq., of
O'Rourke McCloskey & Moody in Chicago represent Ameritech in this
claim-related matter.  (Montgomery Ward Bankruptcy News Issue 47;
Bankruptcy Creditor's Service Inc.)


NORTH AMERICAN VACCINE: Signs Definitive Share Exchange Agreement
-----------------------------------------------------------------
North American Vaccine, Inc. signed a definitive Share Exchange  
Agreement dated November 17, 1999 to be acquired by Baxter
International Inc. in a taxable stock for stock transaction in
accordance with a Plan of Arrangement under the Canada Business  
Corporations Act valued at approximately $390 million.  Under the
Share Exchange Agreement, North American Vaccine's shareholders
will receive $7 per share, comprised of $6.97 of Baxter common
stock and $0.03 in cash.  The number of Baxter shares to be
issued to the company's shareholders under the Share Exchange
Agreement will be set based upon the average closing sale price
of Baxter common stock for the ten trading days ending on the
fifth trading day prior to consummation of the transaction.  As a
result of signing the Share Exchange Agreement, the company will
have available to it a $30 million line of credit, $7.5
million of which has already been extended, guaranteed by
Baxter. As part of the transaction, Baxter has agreed to
purchase, as promptly as practicable after the closing of the
transaction, the company's outstanding 6.5% Convertible
Subordinated Notes due May 1, 2003 and its 4.5% Convertible
Secured Notes due November 13, 2003 pursuant to the
terms of their respective indentures.

The transaction is subject to obtaining certain regulatory
approvals, including, among others, Hart-Scott-Rodino clearance,
approvals under the Canada Business Corporations Act relating to
the proposed transaction, a tax ruling from Revenue Canada, and
U.K. regulatory approval of the company's group C meningococcal
conjugate vaccine.  The transaction is also subject to certain
other conditions, including satisfaction of certain production
goals, the nonoccurrence of a  material adverse change
in the company's business or performance, and shareholder
approval. The company's principal shareholders have
entered into a Shareholder Agreement with Baxter under which they
have agreed to vote to approve the transaction.  The transaction
is expected to close in April 2000; however, there can be no
assurance that the transaction will close at that time or at all.


NU-KOTE HOLDING: Applies To Approve Counsel For the Examiner
------------------------------------------------------------
The Examiner in the case of Nu-Kote Holding Inc. and its debtor
affiliates wishes to employ his law firm, Baker, Donelson,
Bearman & Caldwell to serve as counsel for the Examiner.

The firm will provide the Examiner legal advice and assistance
with respect to his responsibilities to prepare such pleadings
and other documents as may be required, to conduct discovery as
may be needed, to represent the Examiner at hearings,
proceedings, meetings, etc. in connection with this case and to
perform such other services as may be necessary or appropriate in
connection with representation of the Examiner.  The rates to be
charged are as follows:

Principals $185-$350 per hour
Sr. Associates $145-$185
Jr. Associates $105-$135


OPTEL, INC: Applies To Retain Akin, Gump
----------------------------------------
The Official Committee of Unsecured Creditors filed an
application for approval of retention of Akin, Gump, Strauss,
Hauer & Feld, LLP as lead counsel to the Committee.

The firm will provide the following services:
Advise the Committee with respect to its rights, duties and
powers in these cases;

Assist and advise the Committee in its consultations with the
debtors relative to the administration of these cases;

Assist the Committee in analyzing the claims of the debtors'
creditors and in negotiating with such creditors;

Assist the Committee's investigation of the acts, conduct,
assets, liabilities and financial condition of the debtors and of
the operation of the debtors' businesses, including asset
dispositions;

Assist the Committee in its analysis of and negotiations with
the debtors or any third party concerning matters related to,
among other things, the terms of a plan of reorganization;

Assist and advise the Committee as to its communications to the
general creditor body regarding significant matters in these
cases;

Represent the Committee at all hearings and other proceedings;

Review and analyze all applications, orders, statements of
operations and schedules filed with the court and advise the
Committee as to their propriety;

Assist the Committee in preparing pleadings and applications as
may be necessary in furtherance of the Committee's interests and
objectives; and

Perform such other legal services as may be required and are
deemed to be in the interests of the committee in accordance with
the Committee's powers and duties as set forth in the Bankruptcy
Code.


PREMIS CORP: Sells Stock of Subsidiary For $1M Plus Liabilities
---------------------------------------------------------------
On November 17, 1999, under a stock purchase agreement entered
into on April 20, 1999 (as amended), Premis Corporation sold all
of the issued and outstanding capital stock of its wholly-owned
subsidiary, Premis Systems Canada Incorporated, a Nova Scotia
corporation, to ACA Group Canada Inc., a Nova Scotia corporation.  
The purchase price for the capital stock of PSC was $1,000,000 in
cash and the assumption of $1,607,045 in liabilities of Premis.  
Premis Systems Canada Inc. was primarily engaged in the
development and marketing of a proprietary software product known
as OpenEnterprise.


PRIMARY HEALTH: Seeks to Extend Time To Assume/Reject Leases
------------------------------------------------------------
Primary Health Systems, Inc. and its affiliated debtors seek a
court order extending the time within which the debtors may
assume or reject their remaining unexpired leases of
nonresidential real property by approximately 120 days, through
and including May 11, 2000.  A hearing to consider the motion
will be held on December 20, 1999.

Although the debtors claim to have diligently reviewed their
leases of nonresidential real property in the perspective of
their current operations and have moved to reject a number of
leases, the extended period has not provided the debtors with
sufficient time within which to determine whether to assume or
reject their leases.  The debtors state that they have achieved
substantial success in stabilizing their business operations and
implementing their business plan.


SGL CARBON: Antitrust Proceedings in No. America Almost Over
------------------------------------------------------------
SGL CARBON Corporation, the U.S. subsidiary of SGL CARBON AG
(NYSE: SGG), has reached a final settlement agreement with the
class action plaintiffs in the antitrust litigation in the United
States.  As a result, SGL CARBON Corporation has now resolved
more than 96 percent of all claims against it in the U.S. through
out-of-court settlements.  The signing of the settlement
agreement with the class, which is subject to court approvals,
paves the way for the termination of the Chapter 11 proceedings
involving SGL CARBON Corporation, which began in December 1998.

Following the signing of the settlement agreement, SGL CARBON
Corporation yesterday obtained an order from the U.S. District
Court in Wilmington, Delaware authorizing SGL CARBON Corporation
to solicit creditor votes on its plan for bringing the Chapter 11
case to a close.  Judge Joseph J. Farnan approved SGL CARBON
Corporation's disclosure statement -- the information provided to
creditors regarding the plan -- and set January 10, 2000 as the
date by which creditors must cast their ballots.  SGL CARBON
Corporation expects to wind up the Chapter 11 case in early 2000.

SGL CARBON Corporation, headquartered in Charlotte, North
Carolina, is engaged in the business of manufacturing, marketing
and distributing carbon and graphite products, principally
graphite electrodes and specialty graphite products.  The Company
has approximately 1,200 employees located in Charlotte
and Morganton, North Carolina; St. Marys, Pennsylvania; Niagara
Falls, New York; Ozark, Arkansas; Hickman, Kentucky; Dallas and
Irving, Texas and Hillsboro, Oregon.  Subsidiaries of the Company
employ approximately 700 people, principally in Gardena and
Valencia, California.  SGL CARBON Corporation is a wholly-owned
subsidiary of SGL CARBON AG based in Wiesbaden, Germany.


SINGER COMPANY: Seeks To Establish Bar Dates
--------------------------------------------
The Singer Company NV, et al., debtors, seeks to establish bar
dates for filing proofs of claim.  The debtors seek entry of an
order establishing March 1, 2000 at 4:00 PM as the deadline for
all creditors and certain interest holders of any of the debtors
to file proofs of claim in the Chapter 11 cases.


SIZZLER INTERNATIONAL: Reports Financials to SEC
------------------------------------------------
In June 1996, Sizzler International Inc. and four subsidiaries
filed for protection from creditors under Chapter 11 of the
federal Bankruptcy Code. The plans of reorganization were
confirmed by the Bankruptcy Court and all plans became effective
by September 23, 1997.

Of the five companies that filed Chapter 11, final decrees have
been entered in all of the cases except the case involving
Sizzler Restaurants International, Inc., predecessor of Sizzler
USA Restaurants, Inc., which remains open with approximately 100
claims pending.

Consolidated revenues for the quarter ended October 17, 1999 were
$55,263 compared to $51,014 for the quarter ended October 18,
1998, an increase of $4,249 or 8.3 percent. Approximately half of
the increase was due to same store sales increases from the
international operations associated with higher guest check
averages. In addition, approximately $2,232 of the
increase is due to an 8.8 percent increase in the Australian
dollar exchange rate.  The net income shown for the 1999 quarter
was $2,063 while in the same period of 1998 net income was
$1,604.

Consolidated revenues for the six months ended October 17, 1999
were $112,268 with net income resulting of $4,569.  In the same
six month period of 1998 revenues were $103,592 and net income
$3,665.


SOUTHERN MINERAL: Committee Taps Andrews & Kurth
------------------------------------------------
By order entered on November 22, 1999, the US Bankruptcy Court
for the Southern District of Texas, Victoria Division entered an
order authorizing the employment of Andrews & Kurth LLP as
counsel to the official committee of unsecured creditors.


SUN HEALTHCARE: Announces Third-Quarter Results
-----------------------------------------------
Sun Healthcare Group, Inc. (OTC Bulletin Board: SHGE) today
announced results for the third quarter ended Sept. 30, 1999.

The net loss for the period before certain charges was $157.4
million, or $2.65 per share.  Accounting for the charges resulted
in a loss for the quarter of $236.9 million or $3.99 per share.

For the third quarter ended Sept. 30, 1999, Sun reported net
revenues of $629.6 million, compared to net revenues of $814.4
million for the third quarter ended Sept. 30, 1998.  For the nine
months ended Sept. 30, 1999, Sun's net revenues were $1.904
billion, compared to net revenues of $2.308 billion for the
nine months ended Sept. 30, 1998.

The third quarter charges and adjustments include:

--  A non-cash impairment charge of $14.9 million primarily
related to the goodwill associated with the company's therapy
equipment manufacturing subsidiary.  In October 1999, the company
decided to close that operation.

--  A non-cash charge of $28.4 million for a loss anticipated in
connection with the disposition of certain company assets,
including a charge for the anticipated and/or completed
termination of certain facility lease arrangements.

--  A $29.1 million charge to revenues primarily for certain
changes in accounting reserves for estimates for third-party
settlements.  This charge includes reserves of certain
receivables for exceptions to the Medicare- established routine
cost limitation.

--  A special charge of $7.0 million primarily for professional
fees related to the company's activities in preparation for its
filing for protection under chapter 11 of the U.S. Bankruptcy
Code.

On Oct. 14, 1999, Sun Healthcare Group, Inc. and its U.S.
operating subsidiaries filed voluntary petitions with the U.S.
Bankruptcy Court for the district of Delaware, in order to
restructure the company's debt obligations. The company is
currently operating its business as a debtor-in-possession
subject to the jurisdiction of the Bankruptcy Court.

The company and its principal lenders continue to discuss the
terms of an overall financial restructuring.  A more detailed
discussion of these issues is included in the company's Form 10-Q
filing with the Securities and Exchange Commission for the
period.

On Sept. 30, 1999, Sun operated a total of 552 inpatient
facilities with approximately 53,600 beds in the United States,
the United Kingdom, Spain, Australia and Germany. Of these, 373
facilities and 41,800 beds are located in the United States.

Headquartered in Albuquerque, N.M., Sun Healthcare Group, Inc.,
is a diversified international long-term care provider. Sun
companies operate long- term and postacute care facilities in the
United States, the United Kingdom, Spain, Germany and Australia.
Sun subsidiaries provide therapy and pharmacy services, fulfill
the medical supply needs of nursing homes, and offer a variety
of ancillary services for the healthcare industry.


TULTEX: Court Approves Interim Financing and First Day Orders
-------------------------------------------------------------
Tultex Corporation (NYSE: TTX) today announced that following the
filing of voluntary Chapter 11 petitions on December 3, 1999, the
United States Bankruptcy Court for the Western District of
Virginia in Lynchburg approved the Company's request for interim
use of a $150 million debtor-in-possession financing led by
Bank of America.  The Court will consider final approval of the
full use of the $150 million line at a hearing scheduled for
January 5, 2000.  The Court granted Tultex Corporation's request
for the interim financing to permit it to pay necessary operating
expenses and continue its business operations.

The Court also approved various other "first day" orders,
including authorization to retain various professionals to assist
in the reorganization; to pay certain pre-petition employee
wages, salaries and related items; to pay certain pre-petition
customer obligations; to pay certain pre-petition claims of
foreign creditors and certain critical vendors; and to close
certain stores, which will result in conducting store closing
sales and rejecting certain real property leases.

Tultex, founded in 1937, has been a leading manufacturer,
marketer and distributor of activewear and licensed sports
apparel.  Immediately prior to the bankruptcy filings, the
Company closed six of its manufacturing facilities,
downsized its manufacturing facility in Martinsville, closed its
distribution center in Martinsville and terminated approximately
2,600 employee positions company-wide.

                     *********

S U B S C R I P T I O N   I N F O R M A T I O N

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