SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _____________)*
CREDITRUST CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
225429109
----------------
(CUSIP Number)
April 12, 2000
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act,
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 15 Pages
NY2:\898060\03\J8Y403!.DOC\80845.0013
<PAGE>
<TABLE>
<S> <C>
- ---------------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Whippoorwill Associates, Inc.
- ---------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, USA
- -------------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
618,069
- -------------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
618,069
- ---------------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
618,069
- ---------------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ---------------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ---------------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA; CO
- ---------------- ---------------------------------------------------------------------------------------------------------
2
<PAGE>
- ---------------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Shelley F. Greenhaus
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ---------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
618,069
- -------------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
618,069
- ---------------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
618,069
- ---------------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ---------------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ---------------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- ---------------- ---------------------------------------------------------------------------------------------------------
3
<PAGE>
- ------------------- ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON David A. Strumwasser
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------- ------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ------------------- ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------ ------------- -----------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- ------------------------------------ ------------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
618,069
- ------------------------------------ ------------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- ------------------------------------ ------------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
618,069
- ------------------- ------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
618,069
- ------------------- ------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------------- ------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ------------------- ------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- ------------------- ------------------------------------------------------------------------------------------------------
4
<PAGE>
- ---------------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Shelby S. Werner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ---------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
618,069
- -------------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
618,069
- ---------------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
618,069
- ---------------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ---------------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ---------------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- ---------------- ---------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
5
<PAGE>
- ---------------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Vega Partners III, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ---------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, USA
- -------------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
154,517.25
- -------------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
154,517.25
- ---------------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
154,517.25
- ---------------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ---------------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.5%
- ---------------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- ---------------- ---------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
6
<PAGE>
- ---------------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Vega Partners IV, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ---------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, USA
- -------------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
185,420.70
- -------------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
185,420.70
- ---------------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
185,420.70
- ---------------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ---------------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.7%
- ---------------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- ---------------- ---------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
7
<PAGE>
- ---------------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Vega Offshore Fund Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ---------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -------------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
7,725.86
- -------------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,725.86
- ---------------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,725.86
- ---------------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ---------------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.1%
- ---------------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ---------------- ---------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
8
<PAGE>
- ---------------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Whippoorwill Profit Sharing Plan
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ---------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York, USA
- -------------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
1,545.17
- -------------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,545.17
- ---------------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,545.17
- ---------------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ---------------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- ---------------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
EP
- ---------------- ---------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
</TABLE>
9
<PAGE>
This statement on Schedule 13G (this "Statement") is being filed by
Whippoorwill Associates, Inc. ("Whippoorwill") and relates to the Common Stock,
par value $.01 per share (the "Common Stock"), of Creditrust Corporation, a
Maryland corporation (the "Issuer").
ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
(a) Name of Issuer: Creditrust Corporation
(b) Address of Issuer's Principal Executive Offices:
7000 Security Boulevard
Baltimore, Maryland 21244
ITEM 2. PERSON FILING:
(a) Name of Person Filing: Whippoorwill Associates, Inc., Shelley F. Greenhaus
("Mr. Greenhaus"), as a principal, President and Managing Director of
Whippoorwill, David A. Strumwasser ("Mr. Strumwasser"), as a principal, Managing
Director and General Counsel of Whippoorwill, Shelby S. Werner ("Ms. Werner"),
as a principal, Vice President and Managing Director of Whippoorwill, Vega
Partners III, L.P., Vega Partners IV, L.P., Vega Offshore Fund Ltd., and
Whippoorwill Profit Sharing Plan.
(b) Address of Principal Business Office or, if none, Residence:
The principal business address of Whippoorwill is 11 Martine
Avenue, White Plains, New York 10606. The principal business
address of Mr. Greenhaus, Mr. Strumwasser, Ms. Werner, Vega
Partners III, L.P., Vega Partners IV, L.P., Vega Offshore Fund
Ltd., and Whippoorwill Profit Sharing Plan is c/o
Whippoorwill.
(c) Citizenship:
Whippoorwill - Delaware
Mr. Greenhaus - United States
Mr. Strumwasser - United States
Ms. Werner - United States
Vega Partners III, L.P. - Delaware
Vega Partners IV, L.P. - Delaware
Vega Offshore Fund - British Virgin Islands
Whippoorwill Profit Sharing Plan - New York
(d) Title of Class of Securities: Common Stock, $.01 par value
(e) CUSIP Number: 225429109
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B) OR (C),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange
Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of
the Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
10
<PAGE>
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
ITEM 4(A): AMOUNT BENEFICIALLY OWNED:
As of April 12, 2000, Whippoorwill may be deemed to be the beneficial owner of
618,069 shares of Common Stock as a result of voting and dispositive power that
it held with respect to warrants for the purchase of shares of Common Stock held
for the account of various limited partnerships, a limited liability company, a
trust and third party accounts for which Whippoorwill has discretionary
authority and acts as general partner or investment manager.
As of April 12, 2000, Messrs. Greenhaus and Strumwasser and Ms. Werner may each
be deemed to be the beneficial owner of 618,069 shares of Common Stock deemed to
be beneficially owned by Whippoorwill as referred to above. Mr. Greenhaus is a
principal, President and Managing Director of Whippoorwill; Mr. Strumwasser is a
principal, Managing Director and General Counsel of Whippoorwill; and Ms. Werner
is a principal, Vice President and Managing Director of Whippoorwill.
As of April 12, 2000, Vega Partners III, L.P., Vega Partners IV, L.P., Vega
Offshore Fund Ltd., and Whippoorwill Profit Sharing Plan may be deemed to be the
beneficial owners, respectively, of 154,517.25, 185,420.70, 7,725.86 and
1,545.17 shares of Common Stock deemed to be beneficially owned by Whippoorwill
as referred to above.
ITEM 4(B): PERCENT OF CLASS:
5.6%
ITEM 4(C): Number of shares as to which Whippoorwill has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 618,069
(iii) sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of: 618,069
Number of shares as to which Mr. Greenhaus has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 618,069
(iii) sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of: 618,069
11
<PAGE>
Number of shares as to which Mr. Strumwasser has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 618,069
(iii) sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of: 618,069
Number of shares as to which Ms. Werner has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 618,069
(iii) sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of: 618,069
Number of shares as to which Vega Partners III, L.P. has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 154,517.25
(iii) sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of:
154,517.25
Number of shares as to which Vega Partners IV, L.P. has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 185,420.70
(iii) sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of:
185,420.70
Number of shares as to which Vega Offshore Fund Ltd. has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 7,725.86
(iii) sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of:
7,725.86
Number of shares as to which Whippoorwill Profit Sharing Plan has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 1,545.17
(iii) sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of:
1,545.17
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Clients of Whippoorwill have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
Common Stock reported as beneficially owned by Whippoorwill. None of such
clients or any limited partnerships or funds over which Whippoorwill has
discretionary authority hold more than 5% of the Common Stock.
12
<PAGE>
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION.
(a) N/A
(b) By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
13
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: April 20, 2000 WHIPPOORWILL ASSOCIATES, INC.
/s/ Shelley F. Greenhaus
--------------------------------------
Name: Shelley F. Greenhaus
Title: Managing Director
Date: April 20, 2000 /s/ Shelley F. Greenhaus
--------------------------------------
Shelley F. Greenhaus
Date: April 20, 2000 /s/ David A. Strumwasser
--------------------------------------
David A. Strumwasser
Date: April 20, 2000 /s/ Shelby S. Werner
--------------------------------------
Shelby S. Werner
Date: April 20, 2000 VEGA PARTNERS III, L.P.
/s/ Shelley F. Greenhaus
--------------------------------------
Name: Shelley F. Greenhaus
Title: Managing Director
Date: April 20, 2000 VEGA PARTNERS IV, L.P.
/s/ Shelley F. Greenhaus
--------------------------------------
Name: Shelley F. Greenhaus
Title: Managing Director
14
<PAGE>
Date: April 20, 2000 VEGA OFFSHORE FUND
/s/ Shelley F. Greenhaus
--------------------------------------
Name: Shelley F. Greenhaus
Title: Managing Director
Date: April 20, 2000 WHIPPOORWILL PROFIT SHARING PLAN
/s/ Shelley F. Greenhaus
--------------------------------------
Name: Shelley F. Greenhaus
Title: Managing Director
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13-d-7(b) for other parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact
constitute federal criminal violations (see 18 U.S.C. 1001).
15
