PARK PLACE ENTERTAINMENT CORP
305B2, 1999-11-09
HOTELS & MOTELS
Previous: EATON VANCE SENIOR INCOME TRUST, 4, 1999-11-09
Next: FLORIDA BUSINESS BANCGROUP INC, 10KSB, 1999-11-09



<PAGE>


- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                           -----------------------------

                                    FORM T-1

                            STATEMENT OF ELIGIBILITY
                   UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                    CORPORATION DESIGNATED TO ACT AS TRUSTEE

                          -----------------------------

 __ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO
                               SECTION 305(b) (2)

                  NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION
               (Exact name of trustee as specified in its charter)

A U.S. NATIONAL BANKING ASSOCIATION                    41-1592157
(Jurisdiction of incorporation or                      (I.R.S. Employer
organization if not a U.S. national                    Identification No.)
bank)

SIXTH STREET AND MARQUETTE AVENUE
Minneapolis, Minnesota                                    55479
(Address of principal executive offices)               (Zip code)

                       Stanley S. Stroup, General Counsel
                  NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION
                        Sixth Street and Marquette Avenue
                          Minneapolis, Minnesota 55479
                                 (612) 667-1234
                               (Agent for Service)

                          -----------------------------

                      PARK PLACE ENTERTAINMENT CORPORATION
               (Exact name of obligor as specified in its charter)

DELAWARE  88-0400631
(State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization)                         Identification No.)

3930 HOWARD HUGHES PARKWAY
LAS VEGAS, NEVADA                                      89109
(Address of principal executive offices)               (Zip code)

                           -----------------------------
                                 DEBT SECURITIES
                       (Title of the indenture securities)


- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
<PAGE>


Item 1.   GENERAL INFORMATION.  Furnish the following information as to the
          trustee:

          (a)  Name and address of each examining or supervising authority to
               which it is subject.

               Comptroller of the Currency
               Treasury Department
               Washington, D.C.

               Federal Deposit Insurance Corporation
               Washington, D.C.

               The Board of Governors of the Federal Reserve System
               Washington, D.C.

          (b)  Whether it is authorized to exercise corporate trust powers.

               The trustee is authorized to exercise corporate trust powers.

Item 2.   AFFILIATIONS WITH OBLIGOR.  If the obligor is an affiliate of the
          trustee, describe each such affiliation.

          None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is
not in default as provided under Item 13.

Item 15.  FOREIGN TRUSTEE.    Not applicable.

Item 16.  LIST OF EXHIBITS.   List below all exhibits filed as a part of this
                              Statement of Eligibility. Norwest Bank
                              incorporates by reference into this Form T-1 the
                              exhibits attached hereto.

     Exhibit 1.     a.        A copy of the Articles of Association of the
                              trustee now in effect.*

     Exhibit 2.     a.        A copy of the certificate of authority of the
                              trustee to commence business issued June 28,
                              1872, by the Comptroller of the Currency to
                              The Northwestern National Bank of
                              Minneapolis.*

                    b.        A copy of the certificate of the Comptroller
                              of the Currency dated January 2, 1934,
                              approving the consolidation of The
                              Northwestern National Bank of Minneapolis and
                              The Minnesota Loan and Trust Company of
                              Minneapolis, with the surviving entity being
                              titled Northwestern National Bank and Trust
                              Company of Minneapolis.*

                    c.        A copy of the certificate of the Acting
                              Comptroller of the Currency dated January 12,
                              1943, as to change of corporate title of
                              Northwestern National Bank and Trust Company of
                              Minneapolis to Northwestern National Bank of
                              Minneapolis.*

<PAGE>

                    d.        A copy of the letter dated May 12, 1983 from the
                              Regional Counsel, Comptroller of the Currency,
                              acknowledging receipt of notice of name change
                              effective May 1, 1983 from Northwestern National
                              Bank of Minneapolis to Norwest Bank Minneapolis,
                              National Association.*

                    e.        A copy of the letter dated January 4, 1988
                              from the Administrator of National Banks for
                              the Comptroller of the Currency certifying
                              approval of consolidation and merger
                              effective January 1, 1988 of Norwest Bank
                              Minneapolis, National Association with
                              various other banks under the title of
                              "Norwest Bank Minnesota, National
                              Association."*

     Exhibit 3.     A copy of the authorization of the trustee to exercise
                    corporate trust powers issued January 2, 1934, by the
                    Federal Reserve Board.*

     Exhibit 4.     Copy of By-laws of the trustee as now in effect.*

     Exhibit 5.     Not applicable.

     Exhibit 6.     The consent of the trustee required by Section 321(b)
                    of the Act.

     Exhibit 7.     A copy of the latest report of condition of the trustee
                    published pursuant to law or the requirements of its
                    supervising or examining authority.**

     Exhibit 8.     Not applicable.

     Exhibit 9.     Not applicable.




     *    Incorporated by reference to exhibit number 25 filed with registration
          statement number 33-66026.

     **   Incorporated by reference to exhibit number 25 filed with registration
          statement number 333-84849


<PAGE>

                                    SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended,
the trustee, Norwest Bank Minnesota, National Association, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in the City of
Minneapolis and State of Minnesota on the 9th day of November 1999.





                         NORWEST BANK MINNESOTA,
                         NATIONAL ASSOCIATION

                         /s/ Timothy P. Mowdy
                         ----------------------------------------
                         Timothy P. Mowdy
                         Corporate Trust Officer

<PAGE>








                                    EXHIBIT 6




November 9, 1999



Securities and Exchange Commission
Washington, D.C.  20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as
amended, the undersigned hereby consents that reports of examination of the
undersigned made by Federal, State, Territorial, or District authorities
authorized to make such examination may be furnished by such authorities to the
Securities and Exchange Commission upon its request therefor.





                         Very truly yours,

                         NORWEST BANK MINNESOTA,
                         NATIONAL ASSOCIATION


                         /s/ Timothy P. Mowdy
                         ---------------------------------
                         Timothy P. Mowdy
                         Corporate Trust Officer


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission