<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No.: *
Name of Issuer: EBS Building L.L.C.
Title of Class of Securities: Class A Membership Units
CUSIP Number: N/A
(Date of Event Which Requires Filing of this Statement)
December 31, 1998
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ 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>
CUSIP Number: N/A
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Contrarian Capital Advisors, L.L.C.
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
Number of Shares Beneficially Owned by Each Reporting Person
With:
5. Sole Voting Power:
601,603
6. Shared Voting Power:
681,758
7. Sole Dispositive Power:
601,603
8. Shared Dispositive Power:
681,758
9. Aggregate Amount Beneficially Owned by Each Reporting
Person
1,283,361
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11. Percent of Class Represented by Amount in Row (9)
12.8%
2
<PAGE>
12. Type of Reporting Person
IA; OO
3
<PAGE>
CUSIP Number: N/A
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Contrarian Capital Management, L.L.C.
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
Number of Shares Beneficially Owned by Each Reporting Person
With:
5. Sole Voting Power:
37,638
6. Shared Voting Power:
1,154,758
7. Sole Dispositive Power:
37,638
8. Shared Dispositive Power:
1,154,758
9. Aggregate Amount Beneficially Owned by Each Reporting
Person
1,192,396
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11. Percent of Class Represented by Amount in Row (9)
11.9%
4
<PAGE>
12. Type of Reporting Person
IA; OO
5
<PAGE>
CUSIP Number: N/A
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Contrarian Capital Fund I, L.P.
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
Number of Shares Beneficially Owned by Each Reporting Person
With:
5. Sole Voting Power:
6. Shared Voting Power:
617,732
7. Sole Dispositive Power:
8. Shared Dispositive Power:
617,732
9. Aggregate Amount Beneficially Owned by Each Reporting
Person
617,732
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11. Percent of Class Represented by Amount in Row (9)
6.2%
6
<PAGE>
12. Type of Reporting Person
PN
7
<PAGE>
CUSIP Number: N/A
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Contrarian Capital Fund II, L.P.
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
Number of Shares Beneficially Owned by Each Reporting Person
With:
5. Sole Voting Power:
6. Shared Voting Power:
537,028
7. Sole Dispositive Power:
8. Shared Dispositive Power:
537,028
9. Aggregate Amount Beneficially Owned by Each Reporting
Person
537,028
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11. Percent of Class Represented by Amount in Row (9)
5.4%
8
<PAGE>
12. Type of Reporting Person
PN
9
<PAGE>
Item 1(a) Name of Issuer: EBS Building L.L.C.
(b) Address of Issuer's Principal Executive Offices:
c/o PricewaterhouseCoopers LLP
800 Market Street
St. Louis, Missouri 63101
Item 2(a) - (c). Name, Principal Business Address, and
Citizenship of Persons Filing:
Contrarian Capital Advisors, L.L.C ("CCA")
Contrarian Capital Management, L.L.C. ("CCM")
Contrarian Capital Fund I, L.P. ("Fund I")
Contrarian Capital Fund II, L.P. ("Fund II")
411 West Putnam Avenue
Suite 225
Greenwich, CT 06830
CCA and CCM - Delaware limited liability companies
Fund I and Fund II - Delaware limited partnerships
(d) Title of Class of Securities: Class A Membership
Units
(e) CUSIP Number: N/A
Item 3. If this statement is filed pursuant to Rule
13d-1(b)(1) or 13d-2(b) or (c) check whether the person
filing is:
(a) / / Broker or dealer registered under Section 15 of
the Act,
(b) / / Bank as defined in Section 3(a)(6) of the Act,
(c) / / Insurance Company as defined in
Section 3(a)(19) of the Act,
(d) / / Investment Company registered under Section 8
of the Investment Company Act,
(e) / / Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940,
(f) / / Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund,
10
<PAGE>
(g) / / Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G),
(h) / / Savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act,
(i) / / Church plan 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)(H).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. / /
Item 4. Ownership.
(a) Amount Beneficially Owned: CCA - 1,283,361
Class A Units (the "Units"); CCM - 1,192,396
Units; Fund I - 617,732 Units; Fund II - 537,
028 Units.
(b) Percent of Class: CCA - 12.8%; CCM - 11.9%;
Fund I - 6.2%; Fund II - 5.4%.
(c) CCA - 681,758 Units with shared power to vote
or to direct the vote; 601,603 Units with sole
power to vote or to direct the vote; 681,758
Units with shared power to dispose or to direct
the disposition of; 601,603 Units with the sole
power to dispose or to direct the disposition
of
CCM - 1,154,758 Units with shared power to vote
or to direct the vote; 37,638 Units with sole
power to vote or to direct the vote; 1,154,758
Units with shared power to dispose or to direct
the disposition of; 37,638 Units with the sole
power to dispose or to direct the disposition
of
Fund I - 617,732 Units (This amount is included
in the Units that are itemizd above under CCM.
CCM shares the power to vote or direct the vote
of these Units with Fund I as indicated below)
with shared power to vote or to direct the
vote; 0 Units with sole power to vote or to
direct the vote; 617,732 Units with shared
power to dispose or to direct the disposition
11
<PAGE>
of; 0 Units with the sole power to dispose or
to direct the disposition of
Fund II - 537,028 Units (This amount is
included in the Units that are itemized above
under CCM. CCM shares the power to vote or
direct the vote of these Units with Fund II as
indicated below) with shared power to vote or
to direct the vote; 0 Units with sole power to
vote or to direct the vote; 537,028 Units with
shared power to dispose or to direct the
Disposition of; 0 Units with the sole power to
dispose or to direct the disposition of
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.
CCA acts as the investment manager with respect to
certain assets of First Plaza Group Trust, which
holds greater than 5% of the outstanding Units.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported 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 the Group.
N/A
Item 10. N/A
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.
CONTRARIAN CAPITAL ADVISORS, L.L.C.
/s/ Jon R. Bauer
12
<PAGE>
_________________________
By: Jon R. Bauer, Managing Member
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
/s/ Jon R. Bauer
_________________________
By: Jon R. Bauer, Managing Member
CONTRARIAN CAPITAL FUND I, L.P.
By: Contrarian Capital Management, L.L.C., its General Partner
/s/ Jon R. Bauer
__________________
By: Jon R. Bauer, Managing Member
CONTRARIAN CAPITAL FUND II, L.P.
By: Contrarian Capital Management, L.L.C., its General Partner
/s/ Jon R. Bauer
__________________
By: Jon R. Bauer, Managing Member
Date: February 16, 1999
13
<PAGE>
AGREEMENT
The undersigned agree that this Schedule 13G dated
February 16, 1999 relating to the Common Stock of EBS Building
L.L.C. shall be filed on behalf of the undersigned.
CONTRARIAN CAPITAL ADVISORS,
L.L.C.
By: /s/ Jon R. Bauer
_____________________________
JON R. BAUER, MANAGING MEMBER
CONTRARIAN CAPITAL MANAGEMENT,
L.L.C.
BY: /s/ JON R. BAUER
_____________________________
JON R. BAUER, MANAGING MEMBER
CONTRARIAN CAPITAL FUND I, L.P.
By: Contrarian Capital
Management,L.L.C., its general
partner
/s/ Jon R. Bauer
__________________
By: Jon R. Bauer, Managing Member
Contrarian Capital fund II, L.P.
By: Contrarian Capital Management,
L.L.C., its general partner
/s/ Jon R. Bauer
__________________
By: Jon R. Bauer, Managing Member
14
01385001.AO9
