Filed under paragraph (b)(3) of Rule 424
SEC File No. 33-95452
PROSPECTUS SUPPLEMENT
(To Prospectus Dated May 13, 1996)
$39,988,000 Principal Amount of 10% Senior Notes Due 2000
and
99,911 Shares of Common Stock
of
Lanesborough Corporation
The information in this Prospectus Supplement concerning the Selling
Securityholders supplements the statements contained in the Prospectus.
Capitalized terms used and not defined herein shall have the meanings given to
them in the Prospectus.
On October 15, 1996, the Company notified Noteholders and the Trustee
for the Notes that the Company was unable to make the scheduled October 15,
1996 interest payment due on the Notes, but that payment of the interest would
be made within the 30 day grace period prescribed in the Indenture. The Company
also notified Noteholders and the Trustee that it had fixed October 31, 1996 as
the special record date for the defaulted interest payment which was expected
to be made on November 7, 1996.
On November 7, 1996, the defaulted interest payment was paid to the
Trustee for delivery to the Noteholders.
The date of this Prospectus Supplement is November 6, 1996
423189.1
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BATTLE FOWLER LLP
A LIMITED LIABILITY PARTNERSHIP
75 East 55th Street
New York, New York 10022
(212) 856-7000
(212) 856-6906
(212) 856-7817
November 6, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attn: Filing Desk
Re: Lanesborough Corporation (the "Registrant")
Registration Statement on Form S-1
33-95452
Ladies and Gentlemen:
Pursuant to paragraph (c) of Rule 424 of Regulation C under
the Securities Act of 1933, filed herewith on behalf of the above-captioned
Registrant is the Prospectus Supplement, dated November 6, 1996, to the related
Prospectus, dated May 13, 1996 (the "Prospectus Supplement").
In accordance with paragraph (e) of Rule 424, the Prospectus
Supplement contains in the upper right-hand corner of the cover page (i) the
file number of the registration statement to which the Prospectus Supplement
relates and (ii) the paragraph (including subparagraph) of Rule 424 under which
the Prospectus Supplement is being filed. In addition, pursuant to Rule
paragraph (c) of Rule 424, the Prospectus Supplement cross references to the
date of the related Prospectus to which it will be attached.
Very truly yours,
Michael L. Zuppone
cc: David D. Griffin
423189.1
