8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: (Date of earliest event reported): February 25, 2002

American Classic Voyages Co.
(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-9264 (Commission File Number)	31-0303330 (IRS Employer Identification Number)
Two North Riverside Plaza, Suite 200 Chicago, Illinois (Address of Principal Executive Offices)	60606 (Zip Code)

(312) 258-1890
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

ITEM 5. OTHER EVENTS.

     As previously reported, on October 19, 2001, American Classic Voyages Co. (the “Company”) filed a voluntary petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). On October 22, 2001, all of the Company’s subsidiaries other than Oceanic Ship Co., Project America, Inc., Project America Ship I, Inc. and Project America Ship II, Inc. (the “Non-Filing Subsidiaries”) filed a voluntary petition for bankruptcy protection under Chapter 11 in the Bankruptcy Court. On October 22, 2001, the Non-Filing Subsidiaries ceased all operations and the secured creditor, Holland America Line, took possession of the ms Patriot (the primary asset of Oceanic Ship Co.) in connection with the uncontested foreclosure of its maritime lien on the vessel. All subsidiaries of the Company other than the Non-Filing Subsidiaries are hereinafter referred to as the “Filing Subsidiaries.”

     Pursuant to the requirements of the previously disclosed filings under Chapter 11, on February 25, 2002, each of the Company and the Filing Subsidiaries filed a monthly operating report for the month ended January 31, 2002 (a “January 2002 Monthly Operating Report,” and collectively, the “Reports”) with the U.S. Trustee Office.

     The financial data included in the Reports is not audited. The Reports are in a format prescribed by applicable bankruptcy laws. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Reports are complete or presented on a basis consistent with the Company’s previous periodic filings. The Reports also contain information for periods different from those required in the Company’s reports pursuant to the Securities Exchange Act of 1934, as amended (“the Exchange Act”). This information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in any of the Reports should not be viewed as indicative of future results.

2

     Copies of the Reports filed by each of the Company and the Filing Subsidiaries on February 25, 2002, are attached as Exhibits 99.1 through Exhibit 99.20 hereto.(1)

ITEM 7. Exhibits.

Exhibit Number	Exhibit
99.1	American Classic Voyages Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.2	Great Ocean Cruise Line, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.3	Great AQ Steamboat, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.4	Cape May Light, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.5	Cape Cod Light, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.6	Great River Cruise Line, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.7	Delta Queen Coastal Voyages, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.8	DQSC Property Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.9	Cruise America Travel, Incorporated January 2002 Monthly Operating Report, filed February 25, 2002
99.10	AMCV Cruise Operations, Inc. January 2002 Monthly Operating Report, filed February 25, 2002

(1) The Reports are included herein in their entirety except for Attachment 3 - Bank and Investment Account Statements (“Attachment 3”), which has been omitted. A summary of the activity presented on the respective Attachments 3 is included on the respective Attachments 2 — Schedule of Receipts and Disbursements for each of the Company and the Filing Subsidiaries.

3

99.11	CAT II, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.12	Great Independence Ship Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.13	The Delta Queen Steamboat Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.14	Great Hawaiian Properties Corporation January 2002 Monthly Operating Report, filed February 25, 2002
99.15	Ocean Development Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.16	AMCV Holdings, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.17	DQSB II, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.18	Great Hawaiian Cruise Line, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.19	American Hawaii Properties Corporation January 2002 Monthly Operating Report, filed February 25, 2002
99.20	Great Pacific NW Cruise Line, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002

4

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AMERICAN CLASSIC VOYAGES CO.
Date: March 1, 2002	By: /s/ Jordan B. Allen
	Jordan B. Allen, Executive Vice President and General Counsel

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Exhibit Index

Exhibit Number	Exhibit
99.1	American Classic Voyages Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.2	Great Ocean Cruise Line, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.3	Great AQ Steamboat, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.4	Cape May Light, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.5	Cape Cod Light, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.6	Great River Cruise Line, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.7	Delta Queen Coastal Voyages, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002
99.8	DQSC Property Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.9	Cruise America Travel, Incorporated January 2002 Monthly Operating Report, filed February 25, 2002
99.10	AMCV Cruise Operations, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.11	CAT II, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.12	Great Independence Ship Co. January 2002 Monthly Operating Report, filed February 25, 2002

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99.13	The Delta Queen Steamboat Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.14	Great Hawaiian Properties Corporation January 2002 Monthly Operating Report, filed February 25, 2002
99.15	Ocean Development Co. January 2002 Monthly Operating Report, filed February 25, 2002
99.16	AMCV Holdings, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.17	DQSB II, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.18	Great Hawaiian Cruise Line, Inc. January 2002 Monthly Operating Report, filed February 25, 2002
99.19	American Hawaii Properties Corporation January 2002 Monthly Operating Report, filed February 25, 2002
99.20	Great Pacific NW Cruise Line, L.L.C. January 2002 Monthly Operating Report, filed February 25, 2002

7 EX-99.1 3 g74425ex99-1.txt AMERICAN CLASSIC VOYAGES CO. - JAN 02 REPORT EXHIBIT 99.1 DEBTOR: AMERICAN CLASSIC VOYAGES CO. CASE NUMBER: 01-10954 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davison - -------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: AMERICAN CLASSIC VOYAGES CO. CASE NUMBER: 01-10954 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS -------- Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 American Classic Voyages Co Summary Case No: 01-10954 (EIK) UNAUDITED American Classic For Month Of January, 2002 Voyages Co

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- AMCV Deferred Compensation 0.00 0.00 No - No- No - Bank One No Activity No Activity No Activity Account # - 1590101554 AMCV Dental Benefits 0.00 0.00 No- No - No - Chase (JP Morgan Chase & Co) No Activity No Activity No Activity Account # - 002-2-426530 AMCV Employee Stock Plan 0.00 0.00 No - No - No - LaSalle Bank No Activity No Activity No Activity Account # - 5800015140 AMCV Insurance 0.00 0.00 No- No - No - LaSalle Bank No Activity No Activity No Activity Account # - 5800021411 AMCV Medical Benefits 9,369.77 22,327.70 Yes No - Not Yes Chase (JP Morgan Chase & Co) Concentration Account # - 002-2-426522 Account American Classic Voyages Co 0.00 0.00 No- No - No - Master Cash No Activity No Activity No Activity LaSalle Bank Account # - 2355464 American Classic Voyages Co 8,373.53 0.00 Yes No - Not Yes Payroll Concentration LaSalle Bank Account Account # - 2369368 American Classic Voyages Co 7,040.64 7,025.87 Yes No - Not Yes PAC Concentration LaSalle Bank Account Account # - 2355882 American Classic Voyages Co 10,317,837.87 8,424,806.59 Yes Yes Yes Investment Account Credit Suisse Asset Management Account # - 247003452 American Classic Voyages Co 0.00 10.72 Yes Yes Yes Investment Account Goldman Sachs & Co. Account # - 020-53613-2 American Classic Voyages Co 0.00 0.00 No- No - No - Investment Account No Activity No Activity No Activity Merrill Lynch Account # - 318-3271750-7 American Classic Voyages Co 0.42 0.42 No- No - No - Investment Account No Activity No Activity No Activity Conifer Securities Account # - 330-50683 1-8

Receipts & Disbursements Attachment 2-1 American Classic Voyages R&D - Chase - Case No: 01-10954 (EIK) Unaudited AMCV Med Ben Chase AMCV Medical Benefits Account # - 002-2-426522 1 January 02 - 31 January 02 Opening Balance - 1 Jan02 9,369.77 Receipts 105,000.00 From The Delta Queen Steamboat Company - Hibernia - DQ Master Cash Account (812-395-335) 5,657.03 From United Healthcare (Reversal) ----------- 110,657.03 Total Receipts Disbursements (97,699.10) To United Healthcare ----------- (97,699.10) Total Disbursements Closing Balance-31Jan02 22,327.70 Receipts & Disbursements Attachment 2-2 American Classic Voyages R&D -LaSalle- Case No: 01-10954 (EIK) Unaudited AMCV Payroll LaSalle AMCV Payroll Account # - 2369368 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 8,373.53 Receipts ---------- 0.00 Total Receipts Disbursements (328.35) LaSalle Bank Fees (8,045.18) To Delta Queen Steamboat Company - Hibernia - DQ Payroll Account (812-395-289) ---------- (8,373.53) Total Disbursements Closing Balance - 31 Jan 02 0.00 Receipts & Disbursements Attachment 2-3 American Classic Voyages R&D - LaSalle - Case No: 01-10954_(EIK) Unaudited AMCV PAC LaSalle PAC Account # - 2355882 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 7,040.64 Receipts ---------- 0.00 Total Receipts Disbursements (14.77) LaSalle Bank Fees ---------- (14.77) Total Disbursements Closing Balance - 31 Jan 02 7,025.87 Receipts & Disbursements Attachment 2-4 American Classic Voyages R&D - Credit Suisse Case No: 01-10954(EIK) Unaudited Investment Account Credit Suisse Investment Account Account # - 247003452 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 10,317,837.87 Receipts 6,968.72 Interest Earned -------------- 6,968.72 Total Receipts Disbursements (1,900,000.00) To The Delta Queen Steamboat Company - Hibernia - DQ Master Cash Account (812-395-335) -------------- (1,900,000.00) Total Disbursements Closing Balance - 31 Jan 02 8,424,806.59 Receipts &Disbursements Attachmentt 2-5 American Classic Voyages R&D -Goldman Sachs Case No: 01-10954 (EIK) Unaudited Investment Account Goldman Sachs Investment Account Account # - 020-53613-2 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 0.00 Receipts 10.72 Interest Earned ------ 10.72 Total Receipts Disbursements ------ 0.00 Total Disbursements Closing Balance - 31 Jan 02 10.72 AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=10 (AMCV)

PTD-Actual JAN-02 -------------- Revenue Gross Revenue 0.00 Allowances 0.00 ------------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ------------- Total Operating Expenses 0.00 ------------- Gross Profit 0.00 SG&A Expenses General and Admin Expenses 7,960.34 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ------------- Total SG&A Expenses 7,960.34 ------------- EBITDA (7,960.34) Depreciation 15,277.32 ------------- Operating Income (23,237.66) Other Expense/(Income) Interest Income (25,452.06) Interest Expense 27,304.37 Equity in Earnings for Sub (2,316,856.38) Reorganization expenses 1,194,245.58 ------------- Total Other Expense/(Income) 3,512,954.27 ------------- Net Pretax Income/(Loss) (3,536,191.93) ------------- Income Tax Expense 0.00 ------------- Net Income/(Loss) (3,536,191.93) -------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=10 (AMCV)

YTD-Actual YTD-Actual JAN-02 OCT-01 --------------- -------------- ASSETS Cash and Equivalent 8,431,843.18 10,343,248.25 Restricted Cash 239,567.00 0.00 Marketable Securities 0.42 337.15 Accounts Receivable 3,678,916.74 3,678,916.74 Inventories 0.00 0.00 Prepaid Expenses 588,507.00 0.00 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 12,938,834.34 14,022,502.14 Fixed Assets 4,979,716.68 4,979,716.68 Accumulated Depreciation (4,543,318.55) (4,497,369.91) -------------- -------------- Net Fixed Assets 436,398.13 482,346.77 Net Goodwill 80,435.92 81,420.64 Intercompany Due To/From 266,227,828.68 265,726,906.60 Net Deferred Financing Fees 3,336,939.74 3,408,954.89 Net Investment in Subsidiaries 42,704,842.88 48,551,297.73 Other Non Current Assets 0.00 109,986.54 -------------- -------------- Total Other Assets 312,350,047.22 317,878,566.40 -------------- -------------- Total Assets 325,725,279.69 332,383,415.31 -------------- --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=10 (AMCV)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 1,648,471.60 1,089,864.63 Deposits 0.00 0.00 -------------- -------------- Total Current Liabilities 1,648,471.60 1,089,864.63 Long Term Debt 0.00 0.00 Other Long Term Liabilities (3,434,093.96) (3,434,093.96) -------------- -------------- Total Liabilities (1,785,622.36) (2,344,229.33) OTHER Liabilities Subject to Compromise 200,418,510.55 200,418,510.55 -------------- -------------- Total Other 200,418,510.55 200,418,510.55 OWNER'S EQUITY Common Stock 211,013.08 211,013.08 Add'1 Paid In Capital 204,438,037.35 204,438,037.35 Current Net Income (Loss) (3,536,191.93) (40,694,620.74) Retained Earnings (74,020,467.00) (29,645,295.60) -------------- -------------- Total Owner's Equity 127,092,391.50 134,309,134.09 -------------- -------------- Total Liabilities & Equity 325,725,279.69 332,383,415.31 -------------- --------------

American Classic Voyages Co. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE AMCV Cruise Operations, Inc. 01-10967 77,872,449.87 1,484,962.66 692,398.82 78,665,013.71 The Delta Queen Steamboat Co. 01-10970 3,762,286.54 2,252,715.89 154,786.09 5,860,216.34 DQS13 II, Inc. 01-10974 22,836.06 -- -- 22,836.06 Great AQ Steamboat, L.L.C 01-10960 (22,537,128.61) 126,929.47 -- (22,410,199.14) Great Pacific NW Cruise Line, L.L.C 01-10977 (15,474,968.76) -- 13,065.65 (15,488,034.41) Great River Cruise Line, L.L.C 01-10963 5,793,600.38 890,863.52 30,000.00 6,654,463.90 Great Ocean Cruise Line, L.L.C 01-10959 (29,500,443.08) 10,026.77 -- (29,490,416.31) Cruise America Travel, Incorporated 01-10966 138,559.52 -- 33,239.67 105,319.85 Delta Queen Coastal Voyages, L.L.C 01-10964 934,299.38 -- -- 934,299.38 Cape Cod Light, L.L.C 01-10962 (1,671,121.78) 990.00 -- (1,670,131.78) Cape May Light, L.L.C 01-10961 (668,425.74) 10,766.17 -- (657,659.57) Project America, Inc. N/A (29,154,375.55) -- 15.31 (29,154,390.86) Oceanic Ship Co. N/A 41,561,793.40 -- 4,703.66 41,557,089.74 Project America Ship I, Inc. N/A 1,794,833.65 -- 1,667.50 1,793,166.15 Project America Ship II, Inc. N/A 27,241,846.63 -- -- 27,241,846.63 Ocean Development Co. 01-10972 206,437,497.45 -- 57,544.89 206,379,952.56 Great Hawaiian Cruise Line, Inc. 01-10975 3,585,960.47 448,453.40 434,688.20 3,599,725.67 Great Hawaiian Properties Corporation 01-10971 (50,672,102.38) 70.68 438,938.89 (51,110,970.59) American Hawaiian Properties Corporation 01-10976 2,408,905.56 75,335.15 74.97 2,484,165.74 Great Independence Ship Co. 01-10969 25,058,081.78 129,763.75 238,902.95 24,948,942.58 Cat II, Inc. 01-10968 16,695,057.39 -- 732,464.36 15,962,593.03 --------------------------------------------------------------------- 263,629,442.18 5,430,877.46 2,832,490.96 266,227,828.68 =====================================================================

AMERICAN CLASSIC VOYAGES CO. ACCOUNTS RECEIVABLE AGING AS OF JANUARY 31, 2002 ATTACHMENT 7 NOT APPLICABLE AMERICAN CLASSIC VOYAGES CO. ACCOUNTS PAYABLE DETAIL AS OF JANUARY 31, 2002 ATTACHMENT 8 NOT APPLICABLE DEBTOR: AMERICAN CLASSIC VOYAGES CO. CASE NUMBER: 01-10954 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Deferred financing costs represent costs incurred in connection with placing pre-petition debt instruments. Deferred financing costs are being amortized to interest expense over the term of the applicable debt instrument. 2. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. 3. The Debtor has ceased recording accruals for distributions on its Trust Preferred securities. Historically, these accruals for these distributions were charged to "interest expense and other financing costs." 4. Amount represents pre-petition total hold-backs by Paymentech, Inc., the Debtor's credit card processing agent against pre-petition customer deposits. Detail for such hold-backs has not been received from Paymentech, Inc. EX-99.2 4 g74425ex99-2.txt GREAT OCEAN CRUISE LINE, LLC. - JAN 02 REPORT EXHIBIT 99.2 DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ NICHOLAS J. DAVISON - ------------------------------ Nicholas J. Davison Senior Vice President, Finance DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS -------- Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 Great Ocean Cruise Line, L.L.C. Summary Case No: 01-10959 (EIK) Unaudited Great Ocean For Month Of January, 2002 Cruise Line, LLC

Balances Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- Mississippi Queen Steamer 10,000.00 10,000.00 Yes No - Not Yes Hibernia Concentration Account # - 812-502-719 Account Mississippi Queen 0.00 0.00 No- Not A Bank No - Petty Cash No Activity Account No Activity

Receipts & Disbursements Attachment 2-1 Great Ocean Cruise Line. L.L.C. R&D - Case No: 01-109591(EIK) Unaudited Hibernia - MQ Steamer Hibernia Mississippi Queen Steamer Account Account # - 812-502-719 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 10,000.00 Receipts --------- 0.00 Total Receipts Disbursements --------- 0.00 Total Disbursements Closing Balance - 31 Jan 02 10,000.00 Concentration & Investment Account Statements Attachment 3 Great Ocean Cruise Line. L.L.C. Summary Case No: 01-10959(EIK) Great Ocean For Month Of January, 2002 Cruise Line, LLC Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=21 (MISSISSIPPI QUEEN)

PTD-Actual JAN-02 ----------- Revenue Gross Revenue 0.00 Allowances 0.00 ----------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 285.75 Vessel Expenses 1,785.17 Layup/Drydock Expense 283,749.00 Vessel Insurance 37,067.04 ----------- Total Operating Expenses 322,886.96 ----------- Gross Profit (322,886.96) SG&A Expenses General and Admin Expenses 2,380.64 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ----------- Total SG&A Expenses 2,380.64 ----------- EBITDA (325,267.60) Depreciation 0.00 ----------- Operating Income (325,267.60) Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ----------- Total Other Expense/(Income) 0.00 ----------- Net Pretax Income/(Loss) (325,267.60) ----------- Income Tax Expense 0.00 ----------- Net Income/(Loss) (325,267.60) -----------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=21 (MISSISSIPPI QUEEN)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 10,000.00 91,427.94 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 61,448.42 61,448.42 Inventories 321,073.91 387,173.50 Prepaid Expenses 0.00 9,438.70 Other Current Assets 0.00 (14,555.00) -------------- -------------- Total Current Assets 392,522.33 534,933.56 Fixed Assets 32,530,486.54 32,530,486.54 Accumulated Depreciation (22,994,750.57) (22,994,750.57) -------------- -------------- Net Fixed Assets 9,535,735.97 9,535,735.97 Net Goodwill 0.00 0.00 Intercompany Due To/From 19,883,761.21 19,836,574.32 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets 19,883,761.21 19,836,574.32 -------------- -------------- Total Assets 29,812,019.51 29,907,243.85 -------------- --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=21 (MISSISSIPPI QUEEN)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------- ------------- LIABILITIES Accounts Payable 4,135.48 9,423.11 Accrued Liabilities 1,218,457.90 935,232.90 Deposits 313,963.90 0.00 ------------- ------------- Total Current Liabilities 1,536,557.28 944,656.01 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 1,536,557.28 944,656.01 OTHER Liabilities Subject to Compromise 2,823,587.11 2,827,647.41 ------------- ------------- Total Other 2,823,587.11 2,827,647.41 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 4,571,000.00 4,571,000.00 Current Net Income (Loss) (325,267.60) (984,131.23) Retained Earnings 21,206,142.72 22,548,071.66 ------------- ------------- Total Owner's Equity 25,451,875.12 26,134,940.43 ------------- ------------- Total Liabilities & Equity 29,812,019.51 29,907,243.85 ------------- -------------

Great Ocean Cruise Line, L.L.C. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 29,473,992.71 17,023.60 600.00 29,490,416.31 AMCV Cruise Operations, Inc. 01-10967 (21,385,571.10) 1,704.95 18,705.48 (21,402,571.63) The Delta Queen Steamboat Co. 01-10970 14,349,980.10 267,666.17 -- 14,617,646.27 DQSB II, Inc. 01-10974 (877.52) -- -- (877.52) Great AQ Steamboat, L.L.C 01-10960 14,507.47 -- -- 14,507.47 Great Pacific NW Cruise Line, L.L.C 01-10977 10,219.55 -- -- 10,219.55 Great River Cruise Line, L.L.C 01-10963 55,591.64 -- -- 55,591.64 Cruise America Travel, Incorporated 01-10966 (2,952,311.23) -- -- (2,952,311.23) Delta Queen Coastal Voyages, L.L.C 01-10964 85,950.95 -- -- 85,950.95 Cape Cod Light, L.L.C 01-10962 4,980.00 -- -- 4,980.00 Cape May Light, L.L.C 01-10961 1,844.01 -- -- 1,844.01 Project America, Inc. N/A (4,475.20) -- -- (4,475.20) Great Hawaiian Properties Corporation 01-10971 (34,964.32) -- -- (34,964.32) Great Independence Ship Co. 01-10969 (2,195.09) -- -- (2,195 09) -------------------------------------------------------------- 19,616,671.97 286,394.72 19,305.48 19,883,761.21 ==============================================================

GREAT OCEAN CRUISE LINE, L.L.C. CASE #: 01-10959 (EIK) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Detail: 0-30 Days 31-60 Days 61-90 Days 91+ Days Total Paymentech Credit Card Processor 39803.67 39803.67 American Express Credit Card Processor 4694.39 4694.39 Discover Credit Card Processor 5628.41 5628.41 Diners Credit Card Processor 0 Travel Agents 11321.95 11321.95 Total 0 0 0 61448.42 61448.42

Attachment # 7 MISSISSIPPI QUEEN AP-Steamer Checks 21-000-221300-00000 JANUARY, 2002 Outstanding CHECKS: 17103 Garrett TV & Appliances (498.75) 17104 Marvin Ross (957.96) 17165 Jim Coulson-MCI (50.69) 17183 S. Baham-Spiegel (20.00) 17190 C. Sisson-J. Sisson (199.50) 17227 Ron VandeVon-Aaron Vandevon (228.50) 17248 A. Sisson-J. Sisson (100.00) 17249 L, Williams-.Cox Cable (75.00) 17263 Tim Skinner-Visa (487.21) 17265 L. Williams-Capitol One (70.00) 17266 L. Williams-Sprint PCS (60.00) 17269 Aaron VandeVen (552.00) 17272 Jamie Kilb - MNBA (150.00) 17279 Elliot Timms - Bank of America (685.87) Total per G/L: (4135.48) ========= DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Physical inventory counts have now been performed internally for food and beverage. Other inventory amounts have been adjusted to amounts contained in the Debtor's computer systems. The Debtor estimates that it would cost up to $50,000 to perform physical counts of the inventories of The Delta Queen Steamboat Company and its subsidiaries. Should physical inventory counts be performed, amounts recorded as inventory on the Debtor's books and records could change materially. 2. The Debtor ceased operating its primary asset, the Mississippi Queen, on October 22, 2001. In connection therewith, the Debtor ceased recording depreciation and has not adjusted asset values pending the outcome of Chapter 11 proceedings. The Debtor has recorded all post-petition accruals for its next scheduled lay-up in the current period. 3. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. EX-99.3 5 g74425ex99-3.txt GREAT AQ STEAMBOAT, LLC. - JAN 02 REPORT EXHIBIT 99.3 DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicohlas J. Davison - ------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment & Petty Cash Accounts Attachment 1 Great AQ Steamboat, L.L.C. Summary Case No: 01-10960 (EIK) UNAUDITED Great AQ Steamboat, L.L.C. For Month of January, 2002

Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- American Queen Steamer 10,000.00 10,000.00 Yes No - Not Yes Hibernia Concentration Account # - 812-395-343 Account American Queen 0.00 0.00 No- Not A Bank No- Petty Cash No Activity Account No Activity

Receipts & Disbursements Attachment 2-1 Great AQ Steamboat, L.L.C. R&D - Hibernia - AQ Steamer Case No: 01-10960 (EIK) UNAUDITED Hibernia American Queen Steamer Account Account # - 812-395-343 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 10,000.00 Receipts 90,000.00 From The Delta Queen Steamboat Company - Hibernia - DQ Master Cash Account (812-395-335) ------------- 90,000.00 Total Receipts Disbursements (90,000.00) To The Delta Queen Steamboat Company - Hibernia - Payroll Account (812-395-289) ------------- (90,000.00) Total Disbursements Closing Balance - 31 Jan 02 10,000.00 Concentration & Investment Account Statements Attachment 3 Great AQ Steamboat, L.L.C. Summary Case No: 01-10960 (EIK) Great AQ Steamboat, L.L.C. For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=23 (AMERICAN QUEEN)

PTD-Actual JAN-02 ------------- Revenue Gross Revenue 0.00 Allowances 0.00 ------------- Net Revenue 0.00 Operating Expenses Air 121.80 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses (2,037.20) Vessel Expenses (4,453.10) Layup/Drydock Expense 0.00 Vessel Insurance 50,114.01 ------------- Total Operating Expenses 43,745.51 ------------- Gross Profit (43,745.51) SG&A Expenses General and Admin Expenses 2,379.64 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ------------- Total SG&A Expenses 2,379.64 ------------- EBITDA (46,125.15) Depreciation 0.00 ------------- Operating Income (46,125.15) Other Expense/(Income) Interest Income 0.00 Interest Expense 21,296.70 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ------------- Total Other Expense/(Income) 21,296.70 ------------- Net Pretax Income/(Loss) (67,421.85) ------------- Income Tax Expense 0.00 ------------- Net Income/(Loss) (67,421.85) -------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=23 (AMERICAN QUEEN)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 10,000.00 27,915.55 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 42,209.12 100,111.04 Inventories 380,454.25 436,746.94 Prepaid Expenses 0.00 1,126.00 Other Current Assets 127,252.72 189,129.97 -------------- -------------- Total Current Assets 559,916.09 755,029.50 Fixed Assets 76,449,630.83 76,449,630.83 Accumulated Depreciation (23,703,366.77) (23,703,366.77) -------------- -------------- Net Fixed Assets 52,746,264.06 52,746,264.06 Net Goodwill 0.00 0.00 Intercompany Due To/From 11,831,717.53 11,900,053.46 Net Deferred Financing Fees 552,974.02 561,110.86 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets 12,384,691.55 12,461,164.32 -------------- -------------- Total Assets 65,690,871.70 65,962,457.88 -------------- --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=23 (AMERICAN QUEEN)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- LIABILITIES Accounts Payable 2,434.58 5,469.58 Accrued Liabilities 737,461.66 754,127.79 Deposits 0.00 25.00 -------------- -------------- Total Current Liabilities 739,896.24 759,622.37 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 -------------- -------------- Total Liabilities 739,896.24 759,622.37 OTHER Liabilities Subject to Compromise 48,582,746.01 48,583,115.71 -------------- -------------- Total Other 48,582,746.01 48,583,115.71 OWNER'S EQUITY Common Stock 1,000.00 1,000.00 Add'1 Paid In Capital 4,060,000.00 4,060,000.00 Current Net Income (Loss) (67,421.85) (493,470.71) Retained Earnings 12,374,651.30 13,052,190.51 -------------- -------------- Total Owner's Equity 16,368,229.45 16,619,719.80 -------------- -------------- Total Liabilities & Equity 65,690,871.70 65,962,457.88 -------------- --------------

GREAT AQ STEAMBOAT, L.L.C. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 22,519,956.94 -- 109,757.80 22,410,199.14 AMCV Cruise Operations, Inc. 01-10967 (22,745,106.79) 400.50 10,197.34 (22,754,903.63) The Delta Queen Steamboat Co. 01-10970 17,006,151.42 99,171.80 -- 17,105,323.22 DQSB II, Inc. 01-10974 (919.60) -- -- (919.60) Great Pacific NW Cruise Line, L.L.C 01-10977 5,552.79 -- -- 5,552.79 Great River Cruise Line, L.L.C 01-10963 (165,397.01) -- -- (165,397.01) Great Ocean Cruise Line, L.L.C 01-10959 (14,507.47) -- -- (14,507.47) Cruise America Travel, Incorporated 01-10966 (3,165,198.27) -- -- (3,165,198.27) Delta Queen Coastal Voyages, L.L.C 01-10964 144,264.37 -- 144,264.37 Cape Cod Light, L.L.C 01-10962 (500,000.00) -- (500,000.00) Cape May Light, L.L.C 01-10961 (1,640,241.44) -- -- (1,640,241.44) Project America, Inc. N/A (15,864.24) -- -- (15,864.24) Oceanic Ship Co. N/A (7,408.30) -- -- (7,408.30) Project America Ship I, Inc. N/A 459,787.19 -- -- 459,787.19 Great Hawaiian Properties Corporation 01-10971 (22,591.38) -- -- (22,591.38) American Hawaiian Properties Corporation 01-10976 (1,496.24) -- -- (1,496.24) Great Independence Ship Co. 01-10969 (4,881.60) -- -- (4,881.60) ------------------------------------------------------------------------------------- 11,852,100.37 99,572.30 119,955.14 11,831,717.53 =====================================================================================

GREAT AQ STEAMBOAT, L.L.C. CASE #: 01-10960 (EIK) ATTACHMENT #7 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Paymentech Credit Card Processor 32954.01 32954.01 American Express Credit Card Processor 6069.56 6069.56 Discover Credit Card Processor 3185.55 3185.55 Diners Credit Card Processor 0 Travel Agents 0 Total 0 0 0 42209.12 42209.12

AMERICAN QUEEN AP-STEAMER CHECKS 23-000-221300-00000 JANUARY, 2002 ATTACHMENT 8 OUTSTANDING CHECKS: 17707 Tashanda Morreno-Amber Hensley -60.00 17732 Peter Levaneur-Sally Ralicki -100.00 17766 Rebecca Patrick-US Dept of Education -300.00 17768 Bryant,Johnson-Kenshell Lang -80.00 17779 Mark King-Rosa Trumble -170.00 17818 Brian Biondi-Pete Biondi -200.00 17820 Joe Willett-NARP -28.00 17827 B. Grisham-AG Edwards -100.00 17828 Mark King -340.00 17837 Daniel Smith-Anastastia Jones -75.00 17838 Arlene Thomas-Michael Thomas -160.00 17848 J. Hill-Neurosurgical Specialties -117.00 17850 E. Newman - R. Ryan -250.00 17851 Louis Ford-SJ Beaulieau -225.00 17852 Jocelyn Beasley-Payoff Voucher -95.47 17853 Ben Vandeven -17.18 17854 Matt Copeland -16.93 17863 Julia Hill-Sears -100.00 Total per G/L: $(2,434.58) ========== DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Physical inventory counts have not been performed. Inventory amounts have been adjusted to amounts contained in the Debtor's computer systems. The Debtor estimates that it would cost up to $50,000 to perform physical counts of the inventories of The Delta Queen Steamboat Company and its subsidiaries. Should physical inventory counts be performed, amounts recorded as inventory on the Debtor's books and records could change materially. 2. Deferred financing costs represent costs incurred in connection with placing pre-petition debt instruments. Deferred financing costs are being amortized to interest expense over the term of the applicable debt instrument. The Debtor has ceased paying cash interest on its long-term debt, and accordingly, has ceased accruing for such payments as interest expense. 3. The Debtor ceased operating its primary asset, the American Queen, on October 22, 2001. In connection therewith, the Debtor ceased accruing for its next scheduled lay-up, ceased recording depreciation, and has not adjusted related lay up accrual or asset values pending the outcome of Chapter 11 proceedings. 4. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. EX-99.4 6 g74425ex99-4.txt CAPE MAY LIGHT, LLC. - JAN 02 REPORT EXHIBIT 99.4 DEBTOR: CAPE MAY LIGHT, L.L.C. CASE NUMBER: 01-10961(EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicohlas J. Davison - ------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: CAPE MAY LIGHT, L.L.C. CASE NUMBER: 01-10961(EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 Cape May Light, L.L.C. Summary Case No: 01-10961 (EIK) UNAUDITED Cape May Light, LLC For Month of January, 2002

Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- American Classic Voyages Go. 0.00 0.00 No - No - No - Bank of America No Activity No Activity No Activity Account # - 0030 6982 7205 Cape May Light Escrow 785,839.00 785,839.00 No - Account Is No - Account Is No - US Dept of Transportation Under Control Under Control Maritime Administration Of Maritime Of Maritime Adminstration Adminstration - No Statements American Classic Voyages Co. 0.00 0.00 No - No - Bank of America No Activity No Activity No Activity Account # - 0041 6103 2379 Cape May Light 0.00 0.00 No - No - Not No - Petty Cash No Activity A Bank No Activity Account

Receipts & Disbursements Attachment 2 Summary Cape May Light, L.L.C. Cape May Light, L.L.C. Case No: 01-10961 (EIK) Attach 2 & 3 For Month Of January, 2002 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Cape May Light, L.L.C. Summary Case No: 01-10961 (EIK) Cape May Light, L.L.C. For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=31 (CAPE MAY LIGHT)

PTD-Actual JAN-02 ------------- Revenue Gross Revenue 0.00 Allowances 0.00 -------------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 10,341.72 Vessel Expenses 1,174.89 Layup/Drydock Expense 0.00 Vessel Insurance 51,775.34 -------------- Total Operating Expenses 63,291.95 -------------- Gross Profit (63,291.95) SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 -------------- Total SG&A Expenses 0.00 -------------- EBITDA (63,291.95) Depreciation 0.00 -------------- Operating Income (63,291.95) Other Expense/ (Income) Interest Income 0.00 Interest Expense 8,427.01 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 -------------- Total Other Expense/ (Income) 8,427.01 -------------- Net Pretax Income/(Loss) (71,718.96) -------------- Income Tax Expense 0.00 -------------- Net Income/ (Loss) (71,718.96) --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=31 (CAPE MAY LIGHT)

YTD-Actual YTD-Actual JAN-02 OCT-01 ---------------- ---------------- ASSETS Cash and Equivalent 0.00 29,003.54 Restricted Cash 785,839.00 785,839.00 Marketable Securities 0.00 0.00 Accounts Receivable 15,651.15 15,651.15 Inventories 709,924.11 750,424.74 Prepaid Expenses 69,343.83 71,343.83 Other Current Assets 0.00 0.00 ---------------- ---------------- Total Current Assets 1,580,758.09 1,652,262.26 Fixed Assets 42,033,338.72 42,033,338.72 Accumulated Depreciation (550,825.00) (550,825.00) ---------------- ---------------- Net Fixed Assets 41,482,513.72 41,482,513.72 Net Goodwill 0.00 0.00 Intercompany Due To/From (12,372,407.93) (12,278,102.19) ---------------- ---------------- Net Deferred Financing Fees 2,530,259.99 2,559,333.82 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ---------------- ---------------- Total Other Assets (9,842,147.94) (9,718,768.37) ---------------- ---------------- Total Assets 33,221,123.87 33,416,007.61 ---------------- ----------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=31 (CAPE MAY LIGHT)

YTD-Actual YTD-Actual JAN-02 OCT-01 --------------- --------------- LIABILITIES Accounts Payable 1,224.10 18,286.96 Accrued Liabilities 453,944.90 454,710.16 Deposits 0.00 0.00 --------------- --------------- Total Current Liabilities 455,169.00 472,997.12 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 --------------- --------------- Total Liabilities 455,169.00 472,997.12 OTHER Liabilities Subject to Compromise 39,927,754.81 39,937,580.57 --------------- --------------- Total Other 39,927,754.81 39,937,580.57 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 0.00 0.00 Current Net Income (Loss) (71,718.96) (2,857,115.19) Retained Earnings (7,090,080.98) (4,137,454.89) --------------- --------------- Total Owner's Equity (7,161,799.94) (6,994,570.08) --------------- --------------- Total Liabilities & Equity 33,221,123.87 33,416,007.61 --------------- ---------------

CAPE MAY LIGHT, L.L.C. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 659,140.66 4,448.65 5,929.74 657,659.57 AMCV Cruise Operations, Inc. 01-10967 (7,971,800.32) 10.00 32,121.40 (8,003,911.72) The Delta Queen Steamboat Co. 01-10970 8,452,294.56 14,153.55 -- 8,466,448.11 DQSB II, Inc. 01-10974 (82.74) -- -- (82.74) Great AQ Steamboat, L.L.C 01-10960 1,640,241.44 -- -- 1,640,241.44 Great Pacific NW Cruise Line, L.L.C 01-10977 (5,380.67) -- -- (5,380.67) Great River Cruise Line, L.L.C 01-10963 (31,806.50) 6,892.55 8,630.00 (33,543.95) Great Ocean Cruise Line, L.L.C 01-10959 (1,844.01) -- -- (1,844.01) Cruise America Travel, Incorporated 01-10966 (1,053,205.61) -- 1,355.63 (1,054,561.24) Delta Queen Coastal Voyages, L.L.C 01-10964 200,367.38 -- 200,367.38 Cape Cod Light, L.L.C 01-10962 (8,675.31) -- -- (8,675.31) Project America, Inc. N/A (57,268.50) -- -- (57,268.50) Oceanic Ship Co. N/A 13, 839.73 -- -- 13,839.73 Project America Ship II, Inc. N/A 412,316.64 -- -- 412, 316.64 Ocean Development Co. 01-10972 (14,604,239.22) 528.00 528.00 (14,604,239.22) Great Hawaiian Properties Corporation 01-10971 4,188.00 -- -- 4,188.00 Cat II, Inc. 01-10968 2,038.56 -- -- 2,038.56 ------------------------------------------------------------------------ (12,349,875.91) 26,032.75 48,564.77 (12,372,407.93) ========================================================================

CAPE MAY LIGHT, L.L.C. CASE #: 01-10961 (EIK) ATTACHMENT #7 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Paymentech Credit Card Processor 11379.68 11379.68 American Express Credit Card Processor 3169.29 3169.29 Discover Credit Card Processor 1025.8 1025.8 Diners Credit Card Processor 76.38 76.38 Travel Agents 0 Total 0 0 0 15651.15 15651.15

CAPE MAY LIGHT AP-STEAMER CHECKS 31-000-221300-00000 JANUARY, 2OO2 ATTACHMENT 8 OUTSTANDING CHECKS: 1091 Multi-Marques $ (50.00) 1162 K. McKnight-MeRae's $ (100.00) 1166 K. MciCnight-Gordon's $ (100.00) 1192 Donald Viviet-Capitol One $ (40.00) 1195 Donald Vivier-Retailer Nat. Bank $ (20.00) 1199 J. Grannan $ (900.00) 1200 Joycelyn Owens-Brats paid out $ (14.10) Total per G/L: $ (1,224.10) =========== DEBTOR: CAPE MAY LIGHT, L.L.C. CASE NUMBER: 01-10961(EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Physical inventory counts have not been performed. Inventory amounts have been adjusted to amounts contained in the Debtor's computer systems. The Debtor estimates that it would cost up to $50,000 to perform physical counts of the inventories of The Delta Queen Steamboat Company and its subsidiaries. Should physical inventory counts be performed, amounts recorded as inventory on the Debtor's books and records could change materially. 2. Deferred financing costs represent costs incurred in connection with placing pre-petition debt instruments. Deferred financing costs are being amortized to interest expense over the term of the applicable debt instrument. The Debtor has ceased paying cash interest on its long-term debt, and accordingly, has ceased accruing for such payments as interest expense. 3. The Debtor ceased operating its primary asset, the Cape May Light, on October 22, 2001. In connection therewith, the Debtor ceased accruing for its next scheduled lay-up, ceased recording depreciation, and has not adjusted related lay up accrual or asset values pending the outcome of Chapter 11 proceedings. 4. Restricted cash represents escrowed proceeds from debt issued to finance the construction of the Cape May Light. The debt is guaranteed by, and the restricted cash is controlled by, the U.S. Maritime Administration. This account was last reconciled on October 22, 2001. The trustee has not provided to the Debtor additional information needed to reconcile the account since that date. 5. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. EX-99.5 7 g74425ex99-5.txt CAPE COD LIGHT, LLC. - JAN 02 REPORT EXHIBIT 99.5 DEBTOR: CAPE COD LIGHT, L.L.C. CASE NUMBER: 01-10962 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. Nicholas J. Davison - ---------------------------- Nicholas J. Davison Senior President, Finance DEBTOR: CAPE COD LIGHT, L.L.C. CASE NUMBER: 01-10962 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 Cape Cod Light, L.L.C. Summary Case No: 01-10962 (EIK) UNAUDITED Cape Cod Light, _LC For Month Of January,

Balances ----------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- -------------- ------------- -------------- -------- ---------- Cape Cod Light Escrow 8,158,727.80 8,158,727.80 No - Account Is No - Account Is No US Dept Of Transportation Under Control Under Control Maritime Administration Of Maritime Of Maritime Adminstration Adminstration - No Statements

Receipts & Disbursements Attachment 2 Cape Cod Light, L.L.C. Summary Case No: 01-10962 (EIK) Cape Cod Light, LLC For Month Of January, 2002 Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Cape Cod Light, L.L.C. Summary Case No: 01-10962 (EIK) Cape Cod light, LLC For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts ATTACHMENT 4 AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=32 (CAPE COD LIGHT)

PTD-Actual JAN-02 ------------ Revenue Gross Revenue 0.00 Allowances 0.00 --------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 --------- Total Operating Expenses 0.00 --------- Gross Profit 0.00 SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 990.00 --------- Total SG&A Expenses 990.00 --------- EBITDA (990.00) --------- Depreciation 0.00 --------- Operating Income (990.00) Other Expense/(Income) Interest Income 0.00 Interest Expense 8,616.94 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 Total Other Expense/(Income) 8,616.94 --------- Net Pretax Income/(Loss) (9,606.94) --------- Income Tax Expense 0.00 --------- Net Income/(Loss) (9,606.94) ---------

ATTACHMENT 5 AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=32 (CAPE COD LIGHT)

YTD-Actual YTD-Actual JAN-02 OCT-01 --------------- --------------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 8,158,728.00 8,158,728.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 42.00 Inventories 217,563.69 217,563.69 Prepaid Expenses 69,900.00 74,900.00 Other Current Assets 0.00 0.00 --------------- --------------- Total Current Assets 8,446,191.69 8,451,233.69 Fixed Assets 35,993,283.77 35,993,283.77 Accumulated Depreciation 0.00 0.00 --------------- --------------- Net Fixed Assets 35,993,283.77 35,993,283.77 Net Goodwill 0.00 0.00 Intercompany Due To/From (13,326,245.98) (13,322,516.26) Net Deferred Financing Fees 2,602,317.20 2,630,465.87 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 --------------- --------------- Total Other Assets (10,723,928.78) (10,692,050.39) --------------- --------------- Total Assets 33,715,546.68 33,752,467.07 --------------- ---------------

ATTACHMENT 5 (CONT) AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=32 (CAPE COD LIGHT)

YTD-Actual YTD-Actual JAN-02 OCT-01 --------------- --------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 75,000.00 75,000.00 Deposits 0.00 0.00 --------------- --------------- Total Current Liabilities 75,000.00 75,000.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 --------------- --------------- Total Liabilities 75,000.00 75,000.00 OTHER Liabilities Subject to Compromise 40,041,676.00 40,041,676.00 --------------- --------------- Total Other 40,041,676.00 40,041,676.00 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 0.00 0.00 Current Net Income (Loss) (9,606.94) (4,661,527.14) Retained Earnings (6,391,522.38) (1,702,681.79) --------------- --------------- Total Owner's Equity (6,401,129.32) (6,364,208.93) --------------- --------------- Total Liabilities & Equity 33,715,546.68 33,752,467.07 --------------- ---------------

Cape Code Light, L.L.C. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE - -------------- ----------- ------- ------ ------- ------- American Classic Voyages Co. 01-10954 1,670,131.78 -- -- 1,670,131.78 AMCV Cruise Operations, Inc. 01-10967 (3,947,213.20) -- 990.00 (3,948,203.20) The Delta Queen Steamboat Co. 01-10970 1,436,292.11 -- -- 1,436,292.11 DQSB II, Inc. 01-10974 (82.74) -- -- (82.74) Great AQ Steamboat, L.L.C. 01-10960 500,000.00 -- -- 500,000.00 Great River Cruise Line, L.L.C. 01-10963 270.05 -- -- 270.05 Great Ocean Cruise Line, L.L.C. 01-10959 (4,980.00) -- -- (4,980.00) Cruise America Travel, Incorporated 01-10966 (2,706.08) -- -- (2,706.08) Delta Queen Coastal Voyages, L.L.C. 01-10964 1,302.19 -- -- 1,302.19 Cape May Light, L.L.C. 01-10961 8,675.31 -- -- 8,675.31 Project America, Inc. N/A (52,500.00) -- -- (52,500.00) Oceanic Ship Co. N/A 42,930.22 -- -- 42,930.22 Project America Ship II, Inc. N/A 97,472.74 -- -- 97,472.74 Ocean Development Co. 01-10972 (13,075,170.55) 73,481.41 73,481.41 (13,075,170.55) American Hawaiian Properties Corporation 01-10976 (31,777.30) -- -- (31,777.30) Great Independence Ship Co. 01-10969 32,099.49 -- -- 32,099 49 ---------------- --------- ---------- --------------- (13,325,255.98) 73,481.41 74 471.41 (13,326,245 98) ================ ========= ========== ===============

CAPE COD LIGHT, L.L.C. ACCOUNTS RECEIVABLE AGING AS OF JANUARY 31, 2002 ATTACHMENT 7 NOT APPLICABLE CAPE COD LIGHT, L.L.C. ACCOUNTS PAYABLE DETAIL AS OF JANUARY 31, 2002 ATTACHMENT 8 NOT APPLICABLE DEBTOR: CAPE COD LIGHT, L.L.C. CASE NUMBER: 01-10962 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Physical inventory counts have not been performed. Inventory amounts have been adjusted to amounts contained in the Debtor's computer systems. The Debtor estimates that it would cost up to $50,000 to perform physical counts of the inventories of The Delta Queen Steamboat Company and its subsidiaries. Should physical inventory counts be performed, amounts recorded as inventory on the Debtor's books and records could change materially. 2. Deferred financing costs represent costs incurred in connection with placing pre- petition debt instruments. Deferred financing costs are being amortized to interest expense over the term of the applicable debt instrument. The Debtor has ceased paying cash interest on its long-term debt, and accordingly, has ceased accruing for such payments as interest expense. 3. Restricted cash represents escrowed proceeds from debt issued to finance the construction of the Cape Cod Light. The debt is guaranteed by, and the restricted cash is controlled by, the U.S. Maritime Administration. This account was last reconciled on October 22, 2001. The trustee has not provided to the Debtor additional information needed to reconcile the account since that date. 4. The Cape Cod Light was under construction at the time the Debtor filed for Chapter 11 bankruptcy protection. The vessel is not complete and remains at the facilities of the shipbuilder, Atlantic Marine, Inc. DEBTOR: CAPE COD LIGHT, L.L.C. CASE NUMBER: 01-10962 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT 5. Accrued liabilities contains an accrual for vessel lay-up. The Debtor has ceased recording further accruals pending the outcome of Chapter 11 proceedings. 6. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. EX-99.6 8 g74425ex99-6.txt GREAT RIVER CRUISE LINE, LLC. - JAN 02 REPORT EXHIBIT 99.6 DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davision - ------------------------------ Nicholas J. Davision Senior Vice President, Finance DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 Summary Great River Cruise Line, L.L.C. Great River Case No: 01-10963 (EIK) UNAUDITED Cruise Line, LLC For Month Of January. 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1101102 As Of 1131102 Included Included Reconciled - ------- ------------- ------------- -------------- ------------- ---------- Delta Queen Steamer 41,640.43 29,501.37 Yes No - Not Yes Hibernia Concentration Account # - 812-395-270 Account Delta Queen 52,167.40 0.00 Yes Not A Bank Yes Petty Cash Account

Receipts & Disbursements Attachment 2-1 Great River Cruise Line. L.L.C. R&D - Case No: 01-10963 (EIK) UNAUDITED Hibemia - Hibernia DQ Steamer Delta Queen Steamer Account # - 812-395-270 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 41,640.43 Receipts 70,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ----------- 70,000.00 Total Receipts Disbursements (5,227.07) Consulting (1,644.29) DQ Dockage Fees (12,146.87) DQ Food & Beverage (4,417.52) DQ Non-Food & Beverage Materials (7,666.39) DQ Services (381.26) Employee Pre-Petition Check Replacement (6,623.50) DQ Shore Excursion (3,906.60) Temporary Help (9,731.95) Non-DQ Vessel Expense (145.18) New Orleans Office (248.43) Misc (30,000.00) To AMCV Cruise Operations - New Orleans Office Petty Cash ----------- (82,139.06) Total Disbursements Closing Balance - 31 Jan 02 29,501.37 Receipts & Disbursements Attachment 2-2 Great River Cruise Line. L.L,C. R&D - Case No: 01-10963 (EIK) UNAUDITED DQ Petty Cash Delta Queen Petty Cash Account # - NA 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 52,167.40 Receipts 12,689.54 Onboard Receipts ---------- 12,689.54 Total Receipts Disbursements (12,088.69) To AMCV Cruise Ops - New Orleans Office Petty Cash (42,202.48) To AMCV Cruise Ops - First Union - Master Cash - Account (2090002602362) (10,565.77) Operations ---------- (64,856.94) Total Disbursements Closing Balance - 31 Jan 02 0.00 Concentration & Investment Account Statements Attachment 3 Summary Great River Cruise Line. L.L.C. Great River Case No: 01-10963 (EIK) Cruise Line, LLC For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: JAN-02 currency USD Company=22 (DELTA QUEEN)

PTD-Actual JAN-02 ----------- Revenge Gross Revenue 138,914.91 Allowances (87.42) ----------- Net- Revenue 138,827.49 Operating Expenses Air 398.29 Hotel 0.00 Commissions 11,062.94 Onboard Expenses 80,281.45 Passenger Expenses 200,059.47 Vessel Expenses 72,389.22 Layup/Drydock Expense 209,499.00 Vessel Insurance 14,351.63 ----------- Total Operating Expenses 588,042.00 ----------- Gross Profit (449,214.51) SG&A Expenses General and Admin Expenses 2,380.63 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ----------- Total SG&A Expenses 2,380.63 ----------- EBITDA (451,595.14) Depreciation 126,165.24 ----------- Operating Income (577,760.38) Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ----------- Total Other Expense/(Income) 0.00 ----------- Net Pretax Income/(Loss) (577,760.38) ----------- Income Tax Expense 0.00 ----------- Net Income/(Loss) (577,760.38) -----------

AMCV US Sh1, OF BOOKS BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: JAN-02 currency USD Company=22 (DELTA QUEEN)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- ------------- ASSETS Cash and Equivalent 17,096.41 64,522.98 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 201,120.46 33,451.42 Inventories 171,291.00 270,331.59 Prepaid Expenses 0.00 37,922.40 Other Current Assets 0.00 14,555.00 -------------- ------------- Total Current Assets 389,507.87 420,783.39 Fixed Assets 27,296,694.44 27,296,694.44 Accumulated Depreciation (15,443,895.69) (15,065,339.51) -------------- ------------- Net Fixed Assets 11,852,798.75 12,231,354.93 Net Goodwill 0.00 0.00 Intercompany Due To/From (10,561,095.10) (9,202,583.95) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 -------------- ------------- Total Other Assets (10,561,095.10) 9,202,583.95) -------------- ------------- Total Assets 1,681,211.52 3,449,554.37 -------------- -------------

AMCV US Szr OF BOOKS BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JAN-02 currency USD Company=22 (DELTA QUEEN)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ LIABILITIES Accounts Payable 989.27 5,758.93 Accrued Liabilities 901,146.53 715,443.75 Deposits 201,083.60 2,045,629.83 ------------ ------------ Total Current Liabilities 1,103,219.40 2,766,832.51 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------ ------------ Total Liabilities 1,103,219.40 2,766,832.51 OTHER Liabilities Subject to Compromise 540,730.95 490,370.44 ------------ ------------ Total other 540,730.95 490,370.44 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 3,701,000.00 3,701,000.00 Current Net Income (Loss) (577,760.38) (2,206,220.03) Retained Earnings (3,085,978.45) (1,302,428.55) ------------ ------------ Total Owner's Equity 37,261.17 192,351.42 ------------ ------------ Total Liabilities & Equity 1,681,211.52 3,449,554.37 ------------ ------------

Great River Cruise Line, L.L.C. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (6,365,087.79) 53,546.92 342,923.03 (6,654,463.90) AMCV Cruise Operations, Inc. 01-10967 (9,469,140.70) 194,025.20 169,948.83 (9,445,064.33) The Delta Queen Steamboat Co. 01-10970 6,712,972.51 472,662.46 351,029.04 6,834,605.93 DQSB II, Inc. 01-10974 (367.05) -- -- (367.05) Great AQ Steamboat, L.L.C 01-10960 165,397.01 -- -- 165,397.01 Great Pacific NW Cruise Line, L.L.C 01-10977 2,052.08 -- -- 2,052.08 Great Ocean Cruise Line, L.L.C 01-10959 (55,591.64) -- -- (55,591.64) Cruise America Travel, Incorporated 01-10966 (1,393,616.44) 333,719.64 357,649.40 (1,417,546.20) Delta Queen Coastal Voyages, L.L.C 01-10964 18,978.71 -- -- 18,978.71 Cape Cod Light, L.L.C 01-10962 (270.05) -- -- (270.05) Cape May Light, L.L.C 01-10961 31,806.50 8,630.00 6,892.55 33,543.95 Project America, Inc. N/A (11,144.65) -- -- (11,144.65) Oceanic Ship Co. N/A (257.75) -- -- (257.75) Great Hawaiian Properties Corporation 01-10971 (41,555.00) -- -- (41,555.00) American Hawaiian Properties Corporation 01-10976 9,562.38 -- -- 9,562.38 Cat 1I, Inc. 01-10968 1,025.41 -- -- 1,025.41 ------------------------------------------------------------------ (10,395,236.47) 1,062,584.22 1,228,442.85 (10,561,095.10) ==================================================================

GREAT RIVER CRUISE LINE, L.L.C.CASE #: 01-10963 (EIK) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Paymentech Credit Card Processor 17263.57 41929.85 59065.48 7557.41 125816.31 American Express Credit Card Processor 1099.69 6742.52 11931.67 1459.64 21233.52 Discover Credit Card Processor 523.59 5468.43 4368.86 900.97 11261.85 Diners Credit Card Processor 205.34 205.34 Travel Agents 8993.11 33610.33 42603.44 Total 18886.85 63133.91 75366.01 43733.69 201120.46

ATTACHMENT # 7 DELTA QUEEN AP - STEAMER CHECKS 22-000-221300-00000 JANUARY, 2002 O/S Checks 12333 M. Richardson - Walmart 40 12335 J Blasier - Capitol One 20 12385 J Blasier - K. Hansen 150 12399 Peoria Historical Society 120 12402 Anthony May - Tracey Dodson 200 12405 Anthony May - Felicia Tanner 300 12408 Peoria Historical Society 160 TTL 990 DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Physical inventory counts have now been performed internally for food and beverage. Other inventory amounts have been adjusted to amounts contained in the Debtor's computer systems. The Debtor estimates that it would cost up to $50,000 to perform physical counts of the inventories of The Delta Queen Steamboat Company and its subsidiaries. Should physical inventory counts be performed, amounts recorded as inventory on the Debtor's books and records could change materially. 2. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. 3. The Debtor continued to operating its primary asset, the Delta Queen, through January 4, 2002. The Debtor has not adjusted asset values pending the outcome of Chapter 11 proceedings. The Debtor has continued to record depreciation expense and recorded all post-petition accruals for its next scheduled lay-up in the current period. EX-99.7 9 g74425ex99-7.txt DELTA QUEEN COASTAL VOYAGES, LLC. - JAN 02 REPORT EXHIBIT 99.7 DEBTOR: DELTA QUEEN COASTAL VOYAGES, L.L.C. CASE NUMBER: 01-10964 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ NICHOLAS J. DAVISON - ------------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: DELTA QUEEN COASTAL VOYAGES, L.L.C. CASE NUMBER: 01-10964 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS -------- Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 Delta Queen Coastal Voyages, L.L.C. Summary Case No: 01-10964 (EIK) Unaudited Delta Queen For Month Of January, 2002 Coastal Voyages

Balances -------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- -------------- ------------- ----------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

Receipts & Disbursements Attachment 2 Delta Queen Coastal Voyages, L.L.C. Summary Case No: 01-10964 (EIK) Delta Queen For Month Of January, 2002 Coastal Voyag Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Delta Queen Coastal Voyages, L.L.C. Summary Case No: 01-10964 (EIK) Delta Queen For Month Of January, 2002 Coastal Voyag Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=30 (DELTA QUEEN COAST VOY)

PTD-Actual JAN-02 ---------- Revenue Gross Revenue 0.00 Allowances 0.00 ---------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel Commissions 0.00 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ---------- Total Operating Expenses 0.00 ---------- Gross Profit 0.00 SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---------- Total SG&A Expenses 0.00 ---------- EBITDA 0.00 Depreciation 0.00 ---------- Operating Income 0.00 Other Expense/ (Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub (80,510.00) Reorganization expenses 0.00 ---------- Total Other Expense/ (Income) 80,512.64 ---------- Net Pretax Income/(Loss) (80,512.64) ---------- Income Tax Expense 0.00 ---------- Net Income/ (Loss) (80,512.64) ----------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=30 (DELTA QUEEN COAST VOY)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 0.00 Inventories 0.00 0.00 Prepaid Expenses 0.00 0.00 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 0.00 0.00 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 -------------- -------------- Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From (411,482.06) (411,482.06) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries (13,427,299.97) (12,652,491.22) Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets (13,838,782.03) (13,063,973.28) -------------- -------------- Total Assets (13,838,782.03) (13,063,973.28) ============== ==============

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=30 (DELTA QUEEN COAST VOY)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 -------------- -------------- Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities (2,896,625.10) (2,896,625.10) -------------- -------------- Total Liabilities (2,896,625.10) (2,896,625.10) OTHER Liabilities Subject to Compromise 0.00 0.00 -------------- -------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 0.00 0.00 Current Net Income (Loss) (80,512.64) (6,703,754.04) Retained Earnings (10,861,644.29) (3,463,594.14) -------------- -------------- Total Owner's Equity (10,942,156.93) (10,167,348.18) -------------- -------------- Total Liabilities & Equity (13,838,782.03) (13,063,973.28) ============== ==============

Delta Queen Coastal Voyages, L.L.C. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE - -------------- ------------ --------- ------ ------- ----------- American Classic Voyages Co. 01-10954 (934,299.38) -- -- (934,299.38) AMCV Cruise Operations, Inc. 01-10967 191,346.38 -- -- 191,346.38 The Delta Queen Steamboat Co. 01-10970 901,221.80 -- -- 901,221.80 Great AQ Steamboat, L.L.C. 01-10960 (144,264.37) -- -- (144,264.37) Great Pacific NW Cruise Line, L.L.C. 01-10977 (118,887.26) -- -- (118,887.26) Great River Cruise Line, L.L.C. 01-10963 (18,978.71) -- -- (18,978.71) Great Ocean Cruise Line, L.L.C. 01-10959 (85,950.95) -- -- (85,950.95) Cape Cod Light, L.L.C. 01-10962 (1,302.19) -- -- (1,302.19) Cape May Light, L.L.C. 01-10961 (200,367.38) -- -- (200,367.38) --------------------------------------------------------------- (411,482.06) -- -- (411,482 06) ===============================================================

Delta Queen Coastal Voyages, L.L.C. Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable Delta Queen Coastal Voyages, L.L.C. Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: DELTA QUEEN COASTAL VOYAGES, L.L.C. CASE NUMBER: 01-10964 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. EX-99.8 10 g74425ex99-8.txt DQSC PROPERTY CO. - JAN 02 REPORT EXHIBIT 99.8 DEBTOR: DQSC PROPERTY CO. CASE NUMBER: 01-10965 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that DQSC Property Co. was inactive for the above referenced period and, to the best of my knowledge, the foregoing is true and correct. /s/ Nicholas J. Davison - ------------------------------ Nicholas J. Davison Senior Vice President, Finance EX-99.9 11 g74425ex99-9.txt CRUISE AMERICA TRAVEL, INC. - JAN 02 REPORT EXHIBIT 99.9 DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER:01-10966 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davison - ------------------------------ Nicholas J. Davison Senior Vice President, Finance DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Summary Of Bank And Investment Accounts Attachment 1 Cruise America Cruise America Travel, Incorporated Travel, Inc. Case No: 01-10966 (EIK) UNAUDITED For Month Of January, 2002

Balances ---------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ---------------------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

Receipts & Disbursements Attachment 2 Summary Cruise America Travel, Incorporated Cruise America Case No: 01-10966 (EIK) Travel, Inc. For Month Of January, 2002 Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Cruise America Travel, Incorporated Summary Case No: 01-10966 (EIK) Cruise America For Month Of January, 2002 Travel, Inc. Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=29 (CAT - DQSC)

PTD-Actual JAN-02 ---------- Revenue Gross Revenue 22,251.85 Allowances 0.00 --------- Net Revenue 22,251.85 Operating Expenses Air 27,104.23 Hotel 417.60 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 --------- Total Operating Expenses 27,521.83 --------- Gross Profit (5,269.98) SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 --------- Total SG&A Expenses 0.00 --------- EBITDA (5,269.98) Depreciation 0.00 --------- Operating Income (5,269.98) Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 --------- Total Other Expense/(Income) 0.00 --------- Net Pretax Income/(Loss) (5,269.98) --------- Income Tax Expense 0.00 --------- Net Income/(Loss) (5,269.98) ---------

currency USD Company=29 (CAT - DQSC) AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 19,582.06 Inventories 0.00 0.00 Prepaid Expenses 256,652.03 565,863.67 Other Current Assets 0.00 0.00 ------------ ------------ Total Current Assets 256,652.03 585,445.73 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 ------------ ------------ Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From 4,920,896.07 4,474,118.72 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ------------ ------------ Total Other Assets 4,920,896.07 4,474,118.72 ------------ ------------ Total Assets 5,177,548.10 5,059,564.45 ------------ ------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=29 (CAT - DQSC)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 724.42 0.00 Deposits 0.00 0.00 ------------ ------------ Total Current Liabilities 724.42 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 1,591,053.16 1,591,053.16 ------------ ------------ Total Liabilities 1,591,777.58 1,591,053.16 OTHER Liabilities Subject to Compromise 0.00 5,731.15 ------------ ------------ Total Other 0.00 5,731.15 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 50,000.00 50,000.00 Current Net Income (Loss) (5,269.98) 591,526.60 Retained Earnings 3,541,040.50 2,821,253.54 ------------ ------------ Total Owner's Equity 3,585,770.52 3,462,780.14 ------------ ------------ Total Liabilities & Equity 5,177,548.10 5,059,564.45 ------------ ------------

Cruise America Travel, Incorporated ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE ---------- ------------- ---------- ---------- ------------- American Classic Voyages Co. 01-10954 (106,495.74) 13,362.10 12,186.21 (105,319.85) AMCV Cruise Operations, Inc. 01-10967 (4,057,712.45) 1,859.32 2,495.50 (4,058,348.63) The Delta Queen Steamboat Co. 01-10970 (269,523.37) 34,433.07 10,610.40 (245,700.70) Great AQ Steamboat, L.L.C 01-10960 3,165,198.27 -- -- 3,165,198.27 Great Pacific NW Cruise Line, L.L.C 01-10977 674,733.24 -- -- 674,733.24 Great River Cruise Line, L.L.C 01-10963 1,393,616.44 125,637.40 101,707.64 1,417,546.20 Great Ocean Cruise Line, L.L.C 01-10959 2,952,311.23 -- -- 2,952,311.23 Cape Cod Light, L.L.C 01-10962 2,706.08 -- -- 2,706.08 Cape May Light, L.L.C 01-10961 1,053,205.61 1,355.63 -- 1,054,561.24 Oceanic Ship Co. N/A 6,631.08 -- -- 6,631.08 Ocean Development Co. 01-10972 15,996.19 -- -- 15,996.19 American Hawaiian Properties Corporation 01-10976 1,126.92 -- -- 1,126.92 Great Independence Ship Co. 01-10969 16,321.27 -- -- 16,321.27 Cat 11, Inc. 01-10968 23,133.53 -- -- 23,133.53 ------------------------------------------------------------------ 4,871,248.30 176,647.52 126,999.75 4,920,896.07 ==================================================================

Cruise America Travel, Incorporated Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable Cruise America Travel, Incorporated Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. 2. Amount represents pre-petition pre-paid airline tickets. Amounts representing liabilities to airlines for airline tickets and contained in "liabilities subject to compromise" may be setoff by pre-paid airline tickets. EX-99.10 12 g74425ex99-10.txt AMCV CRUISE OPERATIONS, INC. - JAN 02 REPORT EXHIBIT 99.10 DEBTOR: AMCV CRUISE OPERATIONS, INC. CASE NUMBER: O1-10967 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davison - ------------------------------ Nicholas J. Davison Senior Vice President, Finance DEBTOR: AMCV CRUISE OPERATIONS, INC. CASE NUMBER: 01-10967 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Attachment 1 Summary Of Bank, Investment & Petty Cash Accounts AMCV Cruise Operations, Inc. Summary Case No: 01-10967 (EIK) UNAUDITED AMCV Cruise For Month Of January, 2002 Operations, Inc

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ------------- ---------- AHC - Certificate Of Deposit* 25,000.00 25,000.00 Yes No - Not Yes Bank One Concentration Account # - 880058451981 Account AHC - Certificate Of Deposit* 25,000.00 25,000.00 Yes No - Not Yes Bank One Concentration Account # - 880058452369 Account AMCV Cruise Ops 24,403.17 72,293.45 Yes Yes Yes Master Cash First Union National Bank Account # - 2090002602362 AMCV Escrow - Gohagan 219,626.12 219,911.95 Yes No - Not Yes LaSalle Bank Concentration Account # - 62-8766-40-4 Account American Classic Voyages 35,030.00 0.00 Yes No - Not Yes Fleet Bank Concentration Account # - 941-9148945 Account New Orleans Office 12,039.40 8,074.29 Yes Not A Bank Yes Petty Cash Account

* Proceeds From Matured Certficates Of Deposit Being Retained By Bank One While They Pursue Recover Equivalent Amounts Relating To Letters Of Credits That Were Exercised After The Filing For Bankruptcy Where These Certificates Of Deposits Were Collateral Receipts & Disbursements Attachment 2-1 AMCV Cruise Operations, Inc. R&D - Case No: 01-10967 (EIK) UNAUDITED Bank One - Bank One AHC CD (86) AHC Certificate Of Deposit Account # - 880058451981 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 25, 000.00 Receipts ---------- 0.00 Total Receipts Disbursements ---------- 0.00 Total Disbursements Closing Balance - 31 Jan 02 25,000.00 Receipts & Disbursements Attachment 2-2 AMCV Cruise Operations, Inc. R&D - Case No: 01-10967 (EIK) UNAUDITED Bank One - Bank One AHC CD (87) AHC Certificate Of Deposit Account # - 880058452369 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 25, 000.00 Receipts ---------- 0.00 Total Receipts Disbursements ---------- 0.00 Total Disbursements Closing Balance - 31 Jan 02 25,000.00 Receipts & Disbursements Attachment 2-3 AMCV Cruise Operations, Inc. R&D- First Union Case No: 01-10967 (EIK) UNAUDITED AMCV Cruise Ops First Union Master Cash AMCV Cruise Ops Master Cash Account # - 2090002602362 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 24,403.17 Receipts 74,240.17 Misc Refunds & Commissions 132,213.10 State Of Hawaii Tax Refund 42,202.48 From Great River Cruise Line, LLC - Delta Queen Petty Cash 35,030.00 From American Classic Voyages - Fleet Bank - Account (941-9148945) ----------- 283,685.75 Total Receipts Disbursements (235,000.00) To The Delta Queen Steamboat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) (692.00) Returned Deposits (103.47) Bank Fees ----------- (235,795.47) Total Disbursements Closing Balance - 31 Jan 02 72,293.45 Receipts & Disbursements Attachment 2-4 American Classic Voyages R&D -Lasalle Case No: 01-10967(EIK) UNAUDITED AMCV Escrow - LaSalle Gohagan AMCV Escrow - Gohagan Account # - 62-8766-40-4 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 219,626.12 Receipts 285.83 Interest Earned ---------- 285.83 Total Receipts Disbursements ---------- 0.00 Total Disbursements Closing Balance - 31 Jan 02 219,911.95 Receipts & Disbursements Attachment 2-5 AMCV Cruise Operations. Inc. R&D-Fleet Case No: 01-10967 (EIK) UNAUDITED CML Other Fleet Bank CML Other Account # - 941-9148945 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 35,030.00 Receipts ---------- 0.00 Total Receipts Disbursements (35,030.00) To AMCV Cruise Operations, Inc. - First Union - AMCV Cruise Ops Master Cash - Account (2090002602362) ---------- (35,030.00) Total Disbursements Closing Balance - 31 Jan 02 0.00 Receipts & Disbursements Attachment 2-6 AMCV Cruise Operations, Inc. R&D -NOLA Case No: 01-10967 (EIK) UNAUDITED Petty Cash New Orleans Office Petty Cash Account # - NA 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 12,039.40 Receipts 30,000.00 From The Delta Queen Steamboat Co. - Hibernia Master Cash - Account (812-395-335) 12,088.69 From Great River Cruise Line, L.L.C. - DQ Petty Cash ---------- 42,088.69 Total Receipts Disbursements (43,760.00) To The Delta Queen Steamboat Co. - Hibernia Master Cash - Account (812-395-335) (2,293.80) Misc Supplies/Other ---------- (46,053.80) Total Disbursements Closing Balance - 31 Jan 02 8, 074.29 AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=15 (AMCV OPS)

PTD-Actual JAN-02 ------------- -------------- Revenue Gross Revenue 0.00 Allowances 0.00 ------------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ------------- Total Operating Expenses 0.00 ------------- Gross Profit 0.00 SG&A Expenses General and Admin Expenses 406,386.96 Sales & Marketing 57,762.86 Pre-Opening Costs 0.00 ------------- Total SG&A Expenses 464,149.82 ------------- EBITDA (464,149.82) Depreciation 40,575.90 ------------- Operating Income (504,725.72) Other Expense/ (Income) Interest Income (5,040.68) Equity in Earnings for Sub (1,017,151.65) Reorganization expenses 789, 813 .55 Other expense 10,206.15 ------------- Total Other Expense/ (Income) 1,812,130.67 ------------- Net Pretax Income/(Loss) (2,316,856.39) ------------- ------------- Income Tax Expense 0.00 ------------- Net Income/ (Loss) (2,316,856.39) -------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=15 (AMCV OPS)

YTD-Actual YTD-Actual JAN-02 OCT-0 ------------- ------------ ASSETS Cash and Equivalent 281,876.79 1,723,947.86 Restricted Cash 219,911.95 219,000.00 Marketable Securities 50,000.00 50,000.00 Accounts Receivable 0.00 99,684.62 Inventories 0.00 0.00 Prepaid Expenses 346,833.38 522,662.13 Other Current Assets 40,600.00 1,750.00 ------------- ------------- Total Current Assets 939,222.12 2,617,044.61 Fixed Assets 9,372,064.98 9,371,627.23 Accumulated Depreciation (575,491.71) (453,764.30) ------------- ------------- Net Fixed Assets 8,796,573.27 8,917,862.93 Net Goodwill 0.00 0.00 Intercompany Due To/From (2,241,786.14) 2,150,807.43 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 65,152,586.09 66,329,274.35 Other Non Current Assets 0.00 0.00 ------------- ------------- Total Other Assets 62,910,799.95 68,480,081.78 ------------- ------------- Total Assets 72,646,595.34 80,014,989.32 ------------- -------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=15 (AMCV OPS)

YTD-Actual YTD-Actual JAN-02 OCT-0 -------------- -------------- LIABILITIES Accounts Payable 67,222.23 5,363.60 Accrued Liabilities 278,143.86 289,488.87 Deposits 0.00 0.00 -------------- -------------- Total Current Liabilities 345,366.09 294,852.47 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 -------------- -------------- Total Liabilities 345,366.09 294,852.47 OTHER Liabilities Subject to Compromise 29,596,386.40 32,307,000.02 -------------- -------------- Total Other 29,596,386.40 32,307,000.02 OWNER'S EQUITY Common Stock 10,440.25 10,440.25 Add'1 Paid In Capital 112,772,392.56 112,772,392.56 Current Net Income (Loss) (2,316,856.39) (37,037,717.81) Retained Earnings (67,761,133.57) (28,331,978.17) -------------- -------------- Total Owner's Equity 42,704,842.85 47,413,136.83 -------------- -------------- Total Liabilities & Equity 72,646,595.34 80,014,989.32 -------------- --------------

AMCV Cruise Operations, Inc. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (78,558,545.13) 1,887,197.24 1,993,665.82 (78,665,013.71) The Delta Queen Steamboat Co. 01-10970 (101,335,775.02) 46,701.77 909,215.72 (102,198,288.97) DQS13 11, Inc. 01-10974 1,194.40 -- -- 1,194.40 Great AQ Steamboat, L.L.C 01-10960 22,745,106.79 10,197.34 400.50 22,754,903.63 Great Pacific NW Cruise Line, L.L.C 01-10977 9,372,500.72 9,429.72 -- 9,381,930.44 Great River Cruise Line, L.L.C 01-10963 9,469,140.70 43,177.64 67,254.01 9,445,064.33 Great Ocean Cruise Line, L.L.C 01-10959 21,385,571.10 18,705.48 1,704.95 21,402,571.63 Cruise America Travel, Incorporated 01-10966 4,057,712.45 2,495.50 1,859.32 4,058,348.63 Delta Queen Coastal Voyages, L.L.C 01-10964 (191,346.38) -- -- (191,346.38) Cape Cod Light, L.L.C 01-10962 3,947,213.20 990.00 -- 3,948,203.20 Cape May Light, L.L.C 01-10961 7,971,800.32 32,121.40 10.00 8,003,911.72 Project America, Inc. N/A (4,501,824.46) 621.00 -- (4,501,203.46) Oceanic Ship Co. N/A 57,263,797.07 22,677.59 3,893.65 57,282,581.01 Project America Ship 1, Inc. N/A 111,958.41 -- -- 111,958.41 Ocean Development Co. 01-10972 1,564,704.50 451,935.90 451,834.32 1,564,806.08 Great Hawaiian Cruise Line, Inc. 01-10975 1,574.81 -- -- 1,574.81 Great Hawaiian Properties Corporation 01-10971 (6,121,103.54) 4,228.48 -- (6,116,875.06) American Hawaiian Properties Corporation 01-10976 5,188,103.46 2,117.21 -- 5,190,220.67 Great Independence Ship Co. 01-10969 36,632,816.41 15,280.38 2,406.37 36,645,690.42 Cat II, Inc. 01-10968 9,637,982.06 -- -- 9,637,982.06 ---------------------------------------------------------------------- (1,357,418.13) 2,547,876.65 3,432,244.66 (2,241,786.14) ======================================================================

AMCV Cruise Operations, Inc. Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable AMCV US SET OF BOOKS Report Date: 14-FEB-2002 Accounts Payable Trial Balance Reporting Level: Operating Unit Reporting Context: AMCV POSTPET US OPERATING UNIT Accounting Currency: USD As of Date: 31-JAN-02 Supplier Name: All Liability Account: All Summarize Report: No Exclude Invoices Before:

Invoice Invoice Number Date Curr Amount Remaining Amount Invoice Description - -------------- --------- ---- -------- ---------------- ----------------------------------- Liability Account: 15-000-220102-00000 Supplier Name: BELLSOUTH 9621 122801 28-DEC-O1 USD 4,564.48 4,564.48 954 VO8-9621 621 3363 122801 28-DEC-O1 USD 1,136.16 1,136.16 504 M83-3363 363 6892 122801 28-DEC-O1 USD 121.89 121.89 601 M23-6892 892 -------- -------- Total for Supplier : 5,822.53 5,822.53 Supplier Name: CINGULAR WIRELESS 122801 18-DEC-O1 USD 5,172.83 5,172.83 02409515-001-02 -------- -------- Total for Supplier : 5,172.83 5,172.83 Supplier Name: CLAY COUNTY PORT, INC. 013002 30-JAN-02 USD 1,600.00 1,600.00 FEBRUARY 2002 -------- -------- Total for Supplier : 1,600.00 1,600.00 Supplier Name: DIRECTV 0032-006733024 26-DEC-O1 USD 60.33 60.33 #006733024 0030-006733024A 26-OCT-O1 USD 60.33 60.33 ACCT#006733024 0031-006733024 26-NOV-O1 USD 60.33 60.33 ACCT#006733024 0024-0067330240 23-APR-O1 USD (659.33) (659.33) OVERPAID CK#4002327 ACCT#006733024 -------- -------- Total for Supplier : (478.34) (478.34)

Invoice Invoice Number Date Curr Amount Remaining Amount Invoice Description - -------------- --------- ---- -------- ---------------- --------------------- Supplier Name: DIVERSEY LEVER, INC. 030706 18-DEC-O1 USD (8.97) (8.97) FUEL SURCHARGE CREDIT -------- -------- Total for Supplier : (8.97) (8.97) Supplier Name: EDELMAN PUBLIC RELATIONS WORLD WIDE INV-109372 14-DEC-O1 USD 3,205.47 3,205.47 PR NOV'01 -------- -------- Total for Supplier : 3,205.47 3,205.47 Supplier Name: ENTERGY 011502 15-JAN-02 USD 17,166.70 17,166.70 12/12-1/15/02 --------- --------- Total for Supplier : 17,166.70 17,166.70 Supplier Name: ICS LOGISTICS 0288148 04-JAN-O2 USD 990.00 990.00 0283958 07-DEC-O1 USD 990.00 990.00 0283955B 07-DEC-O1 USD 519.75 519.75 0284837B 14-DEC-O1 USD 841.50 841.50 0285850B 21-DEC-01 USD 1,155.00 1,155.00 0279009B 09-NOV-01 USD 1,483.25 1,483.25 0281965B 30-NOV-01 USD 1,666.50 1,666.50 0280764B 23-NOV-01 USD 222.75 222.75 0246815B 19-OCT-01 USD 1,031.25 1,031.25 0280754B 23-NOV-01 USD 965.25 965.25 0275849B 26-OCT-01 USD 651.75 651.75 0245847B 12-OCT-01 USD 1,056.00 1,056.00 0277994B 02-NOV-01 USD 1,509.75 1,509.75 0279991B 16-NOV-01 USD 1,881.00 1,881.00 --------- --------- Total for Supplier : 14,963.75 14,963.75 Supplier Name: IOS CAPITAL 52948867 28-SEP 01 USD 1,322.52 1,322.52 10/25-11/24/01 52948199 17-SEP 01 USD 152.50 152.50 10/12-11/11/01 --------- --------- Total for Supplier : 1,475.02 1,475.02

Invoice Invoice Number Date Curr Amount Remaining Amount Invoice Description - -------------- ------- ---- --------- ---------------- ------------------- Supplier Name: IRON MOUNTAIN 8558081 31-JUL-O1 USD 32.58 32.58 742364 28-FEB-O1 USD 42.42 42.42 8578427 31-AUG-O1 USD 42.42 42.42 8578428 31-AUG-O1 USD 32.58 32.58 8811892 30-SEP-O1 USD 42.42 42.42 8811893 30-SEP-O1 USD 32.58 32.58 0573679 31-DEC-O1 USD 42.42 42.42 0573680 31-DEC-O1 USD 32.58 32.58 012402 24-JAN-02 USD (517.62) (517.62) 9907105 24-JAN-02 USD 297.00 297.00 TERMINATION FEE 6950627 03-DEC-00 USD 31.44 31.44 6950628 03-DEC-00 USD 12.00 12.00 6950629 03-DEC-00 USD 32.58 32.58 7253350 31-JAN-O1 USD 42.42 42.42 7253351 31-JAN-O1 USD 32.58 32.58 7423655 28-FEB-O1 USD 32.58 32.58 8558080 31-JUL-01 USD 42.42 42.42 7954394 31-MAY-O1 USD 42.42 42.42 7627479 31-MAR-O1 USD 32.58 32.58 7627478 31-MAR-O1 USD 42.42 42.42 --------- --------- Total for Supplier : 422.82 422.82 Supplier Name: ISLAND OASIS FROZEN COCKTAIL CO.,INC 111501 15-NOV-01 USD 1,137.25 1,137.25 --------- --------- Total for Supplier : 1,137.25 1,137.25 Supplier Name: KENTWOOD SPRINGS 263908 9 21-JAN-02 USD 58.86 58.86 --------- --------- Total for supplier : 58.86 58.86 Supplier Name: KRAMER, KEN 013102 31-JAN-02 USD (1,000.00) (1,000.00) CASH ADVANCE 101201 12-OCT-01 USD 1,731.20 1,731.20 T&E 10/6-12/01 101801A 18-OCT-O1 USD 427.16 427.16 T&E 10/13-18/01 101801 18-OCT-O1 USD 248.01 248.01 T&E 10/18/01 --------- --------- Total for Supplier : 1,406.37 1,406.37

Invoice Invoice Number Date Curr Amount Remaining Amount Invoice Description - -------------- ------- ---- --------- ---------------- --------------------------- Supplier Name: MCI WORLDCOM CONFERENCING 120101 O1-DEC-O1 USD (46.07) (46.07) 01-00005980958-00691 --------- --------- Total for Supplier : (46 07) (46.07) Supplier Name: NEW ORLEANS PRIVATE PATROL SERVICE, INC. 0037597-IN 10-JAN-02 USD 1,886.80 1,886.80 SECURITY 1/1-10/02 --------- --------- Total for Supplier : 1,886.80 1,886.80 Supplier Name: QWEST 537226254 31-DEC-O1 USD 177.17 177.17 504 586-0631 536390137 15-DEC-O1 USD 10,588.86 10,588.86 954 660-3000 11/16-12/15/01 --------- --------- Total for Supplier : 10,766.03 10,766.03 Supplier Name: SOMERSET REFINERY, INC 12718B 25-OCT-O1 USD 3,771.46 0.01 PO#11923 --------- --------- Total for Supplier : 3,771.46 0.01 Supplier Name: SOUTHWESTERN BELL 0227 122401 24-DEC-O1 USD (14.66) (14.66) 314-436-0227-138-8 8922 120401 04-DEC-O1 USD (7.62) (7.62) 573 221-8922 555-7 --------- --------- Total for supplier : (22.28) (22.28) Supplier Name: SPRINT PCS 010402 04-JAN-02 USD 805.64 805.64 0056861692-1 --------- --------- Total for Supplier : 805.64 805.64 Supplier Name : ST. JOHNS FABRICATORS, INC. 1503 30-JAN-02 USD 1,822.50 1,822.50

Invoice Invoice Number Date Curr Amount Remaining Amount Invoice Description - -------------- ------- ---- --------- ---------------- ------------------- Total for Supplier : 1,822.50 1,822.50 Supplier Name: SUNCOM 011502 15-JAN-02 USD 55.31 55.31 4.1062.10 --------- --------- Total for Supplier : 55.31 55.31 Supplier Name: WITHERS/SUDDATH RELOCATION SYSTEMS, INC. 145196 30-OCT-01 USD 1,040.00 10.00 60 DOLLIE LOADS --------- --------- Total for Supplier : 1,040.00 10.00 --------- --------- Total for Liability Account : 72,023.68 67,222.23 --------- --------- Total for Report : 72,023 68 67,222 23 ========= =========

DEBTOR: AMCV CRUISE OPERATIONS, INC. CASE NUMBER: 01-10967 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. 2. Asset sales commenced in the Florida and Louisiana offices during January and are ongoing as of period end. EX-99.11 13 g74425ex99-11.txt CAT II, INC. - JAN 02 REPORT EXHIBIT 99.11 DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davison - ------------------------------ Nicholas J. Davison Senior Vice President, Finance DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 CAT II, Inc. Summary Case No: 01-10968 (EIK) UNAUDITED CAT II, Inc For Month Of January, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

Receipts & Disbursements Attachment 2 CAT II, Inc. Summary Case No: 01-10968 (EIK) CAT II, Inc. For Month Of January, 2002 Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 CAT II, Inc. Summary Case No: 01-10968 ,(EIK) CAT II, Inc. For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US Serf OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=59 (CAT - AHC)

PTD-Actual JAN-02 ---------- Revenue Gross Revenue 0.00 Allowances 0.00 ---- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expense 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ---- Total Operating Expenses 0.00 ---- Gross Profit 0.00 SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---- Total SG&A Expenses 0.00 ---- EBITDA 0.00 Depreciation 0.00 ---- Operating Income 0.00 Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ---- Total Other Expense/(Income) 0.00 ---- Net Pretax Income/(Loss) 0.00 ---- Income Tax Expense 0.00 ---- Net Income/(Loss) 0.00

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=59 (CAT - AHC)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 256,467.70 Inventories 0.00 0.00 Prepaid Expenses 2,109,063.46 1,904,155.44 Other Current Assets 0.00 0.00 ------------ ------------ Total Current Assets 2,109,063.46 2,160,623.14 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 ------------ ------------ Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From 2,068,624.58 1,958,103.81 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ------------ ------------ Total Other Assets 2,068,624.58 1,958,103.81 ------------ ------------ Total Assets 4,177,688.04 4,118,726.95 ------------ ------------

AMCV US Srri OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=59 (CAT - AHC)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 ------------ ------------ Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 917,296.83 939,123.43 ------------ ------------ Total Liabilities 917,296.83 939,123.43 OTHER Liabilities Subject to Compromise 0.00 0.00 ------------ ------------ Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 10.00 10.00 Add'1 Paid In Capital 2,919,930.15 2,919,930.15 Current Net Income (Loss) 0.00 (735,590.03) Retained Earnings 340,451.06 995,253.40 ------------ ------------ Total Owner's Equity 3,260,391.21 3,179,603.52 ------------ ------------ Total Liabilities & Equity 4,177,688.04 4,118,726.95 ------------ -----------

CAT II, Inc. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

Beginning Ending Affiliate Name Case Number Balance Debits Credits Balance ----------- ---------------- --------- -------- -------------- American Classic Voyages Co. 01-10954 (15,962,339.03) 2,922.41 3,176.41 (15,962,593.03) AMCV Cruise Operations, Inc. 01-10967 (9,637,982.06) _ -- (9,637,982.06) The Delta Queen Steamboat Co. 01-10970 100.00 -- -- 100.00 Great River Cruise Line, L.L.C 01-10963 (1,025.41) -- -- (1,025.41) Cruise America Travel, Incorporated 01-10966 (23,133.53) -- -- (23,133.53) Cape May Light, L.L.C 01-10961 (2,038.56) -- -- (2,038.56) Project America, Inc. N/A (1,925.90) -- -- (1,925.90) Oceanic Ship Co. N/A 15,529,527.96 -- -- 15,529,527.96 Ocean Development Co. 01-10972 362,391.82 -- -- 362,391.82 Great Hawaiian Properties Corporation 01-10971 (570.94) -- -- (570.94) American Hawaiian Properties Corporation 01-10976 3,675.11 -- -- 3,675.11 Great Independence Ship Co. 01-10969 11,802,199.12 -- -- 11,802,199.12 --------------------------------------------------------------------- 2,068,878.58 2,922.41 3,176.41 2,068,624.58 =====================================================================

CAT II, Inc. Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable CAT II, Inc. Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. 2. Amount represents pre-petition pre-paid airline tickets. Amounts representing liabilities to airlines for airline tickets and contained in "liabilities subject to compromise" may be setoff by pre-paid airline tickets. EX-99.12 14 g74425ex99-12.txt GREAT INDEPENDENCE SHIP CO. - JAN 02 REPORT EXHIBIT 99.12 DEBTOR: GREAT INDEPENDENCE SHIP CO. CASE NUMBER: 01-10969 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davison - -------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: GREAT INDEPENDENCE SHIP CO. CASE NUMBER: 01-10969 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report ATTACHMENT 1 Summary Of Bank And Investment Accounts Great Independence Ship Co. Summary Case No: 01-10969 (EIK) UNAUDITED Great Independence Ship Co. For Month Of January, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- Independence Steamer 0.00 0.00 No- No - Not No - Bank of Hawaii No Activity Concentration No Activity Account # - 0001-029126 Account

ATTACHMENT 2 Receipts & Disbursements Great Independence Ship Co. Summary Case No: 01-10969 (EIK) Great Independence Ship C For Month Of January, 2002 Attach 2&3 No Receipts Or Disbursements Due To No Active Accounts ATTACHMENT 3 Concentration & Investment Account Statements Great Independence Ship Co. Summary Case No: 01-10969 (EIK) Great Independence Ship C For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts ATTACHMENT 4 AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 CURRENT PERIOD: JAN-02 CURRENCY USD COMPANY=54 (S.S. INDEPENDENCE)

PTD-ACTUAL JAN-02 -------------- REVENUE GROSS REVENUE 3,861.10 ALLOWANCES 0.00 ------------ NET REVENUE 3,861.10 OPERATING EXPENSES AIR 67.31 HOTEL 88.96 COMMISSIONS 0.00 ONBOARD EXPENSES 0.00 PASSENGER EXPENSES (2,430.35) VESSEL EXPENSES 9,034.51 LAYUP/DRYDOCK EXPENSE 0.00 VESSEL INSURANCE 10,363.77 ------------ TOTAL OPERATING EXPENSES 17,124.20 ------------ GROSS PROFIT (13,263.10) SG&A EXPENSES GENERAL AND ADMIN EXPENSES (132,213.10) SALES & MARKETING 0.00 PRE-OPENING COSTS 0.00 ------------ TOTAL SG&A EXPENSES (132,213.10) ------------ EBITDA 118,950.00 DEPRECIATION 0.00 ------------ OPERATING INCOME 118,950.00 OTHER EXPENSE/(INCOME) INTEREST INCOME 0.00 INTEREST EXPENSE 4,191.38 EQUITY IN EARNINGS FOR SUB 0.00 REORGANIZATION EXPENSES 0.00 ------------ TOTAL OTHER EXPENSE/ (INCOME) 4,191.38 ------------ NET PRETAX INCOME/(LOSS) 114,758.62 ------------ INCOME TAX EXPENSE 0.00 ------------ NET INCOME/ (LOSS) 114,758.62 ------------

ATTACHMENT 5 AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=54 (S.S. INDEPENDENCE)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ ASSETS Cash and Equivalent 0.00 64,505.83 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 175,538.74 175,538.74 Inventories 1,144,821.19 1,148,206.76 Prepaid Expenses 0.00 2,954.26 Other Current Assets 0.00 16,615.13 --------------- --------------- Total Current Assets 1,320,359.93 1,407,820.72 Fixed Assets 97,928,924.04 97,928,924.04 Accumulated Depreciation (44,272,667.29) (44,272,667.29) --------------- --------------- Net Fixed Assets 53,656,256.75 53,656,256.75 Net Goodwill 0.00 0.00 Intercompany Due To/From (17,782,354.24) (17,643,280.88) Net Deferred Financing Fees 695,767.98 709,459.82 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 --------------- --------------- Total Other Assets (17,086,586.26) (16,933,821.06) --------------- --------------- Total Assets 37,890,030.42 38,130,256.41 --------------- ---------------

ATTACHMENT 5 (CON'T) AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=54 (S.S. INDEPENDENCE)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------- ------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 7,023.00 31,544.34 Deposits 0.00 0.00 ------------- ------------- Total Current Liabilities 7,023.00 31,544.34 Long Term Debt 0.00 0.00 Other Long Term Liabilities 1,266,494.79 1,266,494.79 ------------- ------------- Total Liabilities 1,273,517.79 1,298,039.13 OTHER Liabilities Subject to Compromise 32,349,773.96 32,372,521.16 ------------- ------------- Total Other 32,349,773.96 32,372,521.16 OWNER'S EQUITY Common Stock 1,000.00 1,000.00 Add'1 Paid In Capital 17,616,000.00 17,616,000.00 Current Net Income (Loss) 114,758.62 (9,694,324.85) Retained Earnings (13,465,019.95) (3,462,979.03) ------------- ------------- Total Owner's Equity 4,266,738.67 4,459,696.12 ------------- ------------- Total Liabilities & Equity 37,890,030.42 38,130,256.41 ------------- -------------

ATTACHMENT 6 Great Independence Ship Co. Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE - -------------- ----------- ------- ------ ------- ------- American Classic Voyages Co. 01-10954 (24,954,400.67) 135,221.84 129,763.75 (24,948,942.58) AMCV Cruise Operations, Inc. 01-10967 (36,632,816.41) -- 12,874.01 (36,645,690.42) The Delta Queen Steamboat Co. 01-10970 27,551.11 55,533.72 -- 83,084.83 Great AQ Steamboat, L.L.C 01-10960 4,881.60 -- -- 4,881.60 Great Ocean Cruise Line, L.L.C 01-10959 2,195.09 -- -- 2,195.09 Cruise America Travel, Incorporated 01-10966 (16,321.27) -- -- (16,321.27) Cape Cod Light, L.L.C 01-10962 (32,099.49) -- -- (32,099.49) Project America, Inc. N/A 21,415.35 -- -- 21,415.35 Oceanic Ship Co. N/A 1,172,074.09 -- -- 1,172,074.09 Project America Ship 1, Inc. N/A 277,329.74 -- -- 277,329.74 Great Hawaiian Cruise Line, Inc. 01-10975 24,661,273.21 -- 24,661,273.21 Great Hawaiian Properties Corporation 01-10971 28,898,393.97 -- 28,898,393.97 American Hawaiian Properties Corporation 01-10976 543,024.70 -- 773.94 542,250.76 Cat II, Inc. 01-10968 (11,802,199.12) -- -- (11,802,199.12) -------------- ---------- ---------- -------------- (17,829,698.10) 190,755.56 143,411.70 (17,782,354.24) ============== ========== ========== ==============

ATTACHMENT #7 GREAT INDEPENDENCE SHIP, CO. CASE #: 01-10969 (EIK) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL - ------- --------- ---------- ---------- -------- ----- Paymentech Credit Card Processor 132528.09 132528.09 American Express Credit Card Processor 9897.46 9897.46 Discover Credit Card Processor 19562.88 19562.88 Diners Credit Card Processor 646.5 646.5 Travel Agents 9649.45 12903.81 22553.26 Total 0 0 9649.45 175538.74 185188.19

GREAT INDEPENDENCE SHIP CO. ACCOUNTS PAYABLE DETAIL AS OF JANUARY 31, 2002 ATTACHMENT 8 NOT APPLICABLE DEBTOR: GREAT INDEPENDENCE SHIP CO. CASE NUMBER: 01-10969 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. On October 22, 2001, the Debtor ceased all operations, and the U.S. Maritime Administration took possession of the ss Independence, the Debtor's primary asset, in connection with the uncontested foreclosure of its marine lien on the vessel. In connection therewith, the Debtor ceased recording depreciation expense and ceased accruing for the next scheduled dry-dock. 2. Deferred financing costs represent costs incurred in connection with placing pre- petition debt instruments. Deferred financing costs are being amortized to interest expense over the term of the applicable debt instrument. The Debtor has ceased paying cash interest on its long-term debt, and accordingly, has ceased accruing for such payments as interest expense. 3. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. 4. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. DEBTOR: GREAT INDEPENDENCE SHIP CO. CASE NUMBER: 01-10969 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT 5. Food and beverage inventories for the SS Independence have been adjusted to reflect physical inventory counts on board the ship on October 20, 2001. All other inventory values are based on information contained in the computer systems. See Note 1. EX-99.13 15 g74425ex99-13.txt THE DELTA QUEEN STEAMBOAT CO. - JAN 02 REPORT EXHIBIT 99.13 DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davison - ------------------------------ Nicholas J. Davison Senior Vice President, Finance DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 The Delta Queen Steamboat Co. Summary Case No: 01-10970 EIK UNAUDITED The Delta Queen Steamboat Co. For Month Of January, 2002

Balances ------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- Delta Queen Controlled Disb 126,466.59 8,877.35 Yes Yes Yes Hibernia Account # - 542027373 Delta Queen Master Cash 154,609.13 617,186.54 Yes Yes Yes Hibernia Account # - 812-395-335 Delta Queen Payroll 79,094.02 317,082.24 Yes No - Not Yes Hibernia Concentration Account # - 812-395-289 Account The Delta Queen Steamboat Co. 0.00 0.00 No - No - No LaSalle - Wealth Management No Activity No Activity No Activity Account # - TNE-043290 The Delta Queen Steamboat Co. 0.00 0.00 No- No - Not No - AmSouth No Activity Concentration No Activity Account # - 19356307 Account Delta Queen 0.00 0.00 No- No - Not No LaSalle No Activity Concentration No Activity Account # - 5800155771 Account DQ Credit Card 0.00 0.00 Yes No - Not Yes Bank One Concentration Account # - 552-0110062868 Account DQ Master Cash 0.00 0.00 No- No - Not No - Bank One No Activity Concentration No Activity Account # - 552-0110256700 Account The Delta Queen Steamboat Co 381,343.44 83,366.84 Yes No - Not Yes Receipts Concentration Hibernia Account Account # - 882-390-047 The Delta Queen Steamboat Co 239,567.00 239,567.00 Yes No - Not Yes Receipts Concentration LaSalle Account Account # - 5800155839 The Delta Queen Steamboat Go 0.00 0.00 No - No - Not No Escrow Account No Activity Concentration No Activity LaSalle Account Account # - 62-8930-70-3

Receipts & Disbursements Attachment 2-1 The Delta Queen Steamboat Co. R&D -Hibemia Case No: 01-10970 (EIK) UNAUDITED DQ Controlled Disb Hibernia Controlled Disbursements Account # - 542027373 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 126,466.59 Receipts 804,346.45 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) 804,346.45 Total Receipts Disbursements (293.50) Air Ticket (31,746.73) Crew Medical & Maintenance (34,794.20) DQ Commission (105,499.47) Payroll Related (164,425.31) Professiona Fees (18,082.85) SG&A Finance (66,761.78) SG&A - I.T. (6,734.08) SG&A- Marine Ops (5,489.10) SG&A - Office - Chicago (7,056.65) SG&A - Office - Honolulu (55,663.34) SG&A - Office - NOLA (194,564.55) SG&A - Office - Weston (2,073.47) SG&A - Passenger Services (32.50) SG&A - Risk (82,836.74) SG&A - Sales & Marketing (44,890.30) Vessel Ops - DQ (100,991.12) Vessel Ops - Non-DQ (921,935.69) Total Disbursements Closing Balance - 31 Jan 02 8,877.35 ATTACHMENT 2-2 Receipts & Disbursements The Delta Queen Steamboat Co. R&D -HIBERNIA Case No: 01-10970 (EIK) UNAUDITED DQ MASTER CASH Hibernia DQ Master Cash Account # - 812-395-335 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 154,609.13 Receipts 27,295.25 Airline Reporting Clearinghouse Reversals 80,800.00 Asset Sales 1,900,000.00 From American Classic Voyages Co - Credit Suisse Asset Management - Account (247003452) 235,000.00 From AMCV Cruise Operations, Inc. - First Union - AMCV Cruise Ops Master Cash - Account (2090002602362) 40,000.00 From The Delta Queen Steamboat Co. - Hibernia - DQ Payroll - Account (812-395-289) 300,000.00 From The Delta Queen Steamboat Co. - Hibernia - DQSC Receipts - Account (882-390-047) 43,760.00 From AMCV Cruise Operations, Inc. - New Orleans Office - Petty Cash 53,582.66 Other Local Deposits ------------- 2,680,437.91 Total Receipts Disbursements (804,346.45) To The Delta Queen Steam Boat Co. - Hibernia - DQSC Contr. Disb. - Account (542027373) (1,218.39) Airline Reporting Clearinghouse (55,936.12) 401 K Payroll Payments (105,000.00) To American Classic Voyages Co. - Chase - AMCV Medical Benefits - Account (002-2-426522) (90,000.00) To Great AQ Steamboat, LLC - Hibernia - AQ Steamer - Account (812-395-343) (1,040,000.00) To The Delta Queen Steam Boat Co. - Hibernia - DQ Payroll - Account (812-395-289) (70,000.00) To Great River Cruise Line, LLC - Hibernia - DQ Steamer - Account (812-395-270) (8,472.88) Sysco (7,987.31) Weston Security (23,846.74) WorldCom Phone Bill (7,390.00) Moving Expense - Miami To New Orleans 3 662.61 Other Miscellaneous Payments -------------- (2,217,860.50) Total Disbursements Closing Balance - 31 Jan 02 617,186.54 Receipts & Disbursements Attachment 2-3 The Delta Queen Steamboat Co. R&D -HIBERNIA Case No: 01-10970 (EIK) UNAUDITED DO PAYROLL Hibernia DQ Payroll Account # - 812-395-289 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 79,094.02 Receipts 1,040,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) 90,000.00 From Great AQ Steamboat LLC - Hibernia - AQ Steamer - Account (812-395-343) 8,045.18 From American Classic Voyages Co - LaSalle AMCV Payroll - Account (2369368) 8,236.62 From Ocean Development Corp - LaSalle ODC Payroll - Account (5800156175) 215,979.91 Payroll Service (ADP) Reversals ------------- 1,362,261.71 Total Receipts Disbursements (40,000.00) From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) (917,374.08) Payroll - Wires (166,899.41) Payroll - Checks ------------- (1,124,273.49) Total Disbursements Closing Balance - 31 Jan 02 317,082.24 Receipts & Disbursements Attachment 2-4 The Delta Queen Steamboat Co. R&D -BankOne Case No: 01-10970 (EIK) UNAUDITED DQ Credit Cards Bank One Delta Queen Credit Cards Account # - 552-0110062868 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 0.00 Receipts 773.50 Credit Card Charge Back Reversal - Paymentech -------- 773.50 Total Receipts Disbursements (773.50) To Great Hawaiian Properties Corporation - Bank One - AHC Mainland Payroll Account (552-0110673387) -------- (773.50) Closing Balance - 31 Jan 02 0.00 Receipts & Disbursements Attachment 2-5 The Delta Queen Steamboat Co. R&D -Hibernia Case No: 01-10970(EIK) UNAUDITED DQSC Receipts Hibernia DQSC Receipts Account # - 882-390-047 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 381,343.44 Recei is 2,700.00 Miscellaneous Receipts ------------- 2,700.00 Total Receipts Disbursements (300,000.00) To The Delta Queen Steamboat Co - Hibernia - DQ Master Cash - Account (812-395-335) (76.60) Credit Card Processor Fees (600.00) Credit Card Chargeback ------------- (300,676.60) Total Disbursements Closing Balance - 31 Jan 02 83,366.84 Receipts & Disbursements Attachment 2-6 The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (EIK) UNAUDITED DQSC Receipts LaSalle DQSC Receipts Account # - 5800155839 1 January 02 - 31 January 02 Opening. Balance - 1 Jan 02 239,567.00 Receipts ----------- 0.00 Total Receipts Disbursements ----------- 0.00 Total Disbursements Closing Balance - 31 Jan 02 239,567.00 AMCV US SET OF BOOKS Date: INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)

PTD-Actual JAN-02 ------------- Revenue Gross Revenue 0.00 Allowances 0.00 ------------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ------------- Total Operating Expenses 0.00 ------------- Gross Profit 0.00 SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ------------- Total SG&A Expenses 0.00 ------------- EBITDA 0.00 Depreciation 43,290.79 ------------- Operating Income 43,290.79) Other Expense/(Income) Interest Income (199.10) Interest Expense 0.00 Equity in Earnings for Sub (1,084,567.24) Reorganization expenses 0.00 ------------- Total Other Expense/(Income) 1,084,368.14 ------------- Net Pretax Income/(Loss) (1,127,658.93) ------------- Income Tax Expense 0.00 ------------- Net Income/(Loss) (1,127,658.93) -------------

AMCV US SET OF BOOKS Date: BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 604,299.03 2,494,983.63 Restricted Cash 83,366.84 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 350,782.90 0.00 Inventories 630,917.11 840,779.06 Prepaid Expenses 0.00 13,147.33 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 1,669,365.88 3,348,910.02 Fixed Assets 8,121,545.75 8,202,345.75 Accumulated Depreciation (5,325,988.49) (5,195,800.16) -------------- -------------- Net Fixed Assets 2,795,557.26 3,006,545.59 Net Goodwill 0.00 0.00 Intercompany Due To/From 39,245,495.09 37,437,552.28 Net Deferred Financing Fees 0.00 5,434.15 Net Investment in Subsidiaries 32,136,466.21 33,999,708.26 Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets 71,381,961.30 71,442,694.69 -------------- -------------- Total Assets 75,846,884.44 77,798,150.30 -------------- --------------

AMCV US SET OF BOOKS Date: BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 47,399.57 0.00 Deposits 0.00 0.00 -------------- -------------- Total Current Liabilities 47,399.57 0.00 Long Tern Debt 0.00 0.00 Other Long Term Liabilities 9,993,779.93 9,993,779.93 -------------- -------------- Total Liabilities 10,041,179.50 9,993,779.93 OTHER Liabilities Subject to Compromise 577,835.68 577,835.68 -------------- -------------- Total Other 577,835.68 577,835.68 OWNER'S EQUITY Common Stock 1,000.00 1,000.00 Add'1 Paid In Capital 33,564,332.71 33,564,332.71 Current Net Income (Loss) (1,127,658.93) (2,866,520.92) Retained Earnings 32,790,195.48 36,527,722.90 -------------- -------------- Total Owner's Equity 65,227,869.26 67,226,534.69 -------------- -------------- Total Liabilities & Equity 75,846,884.44 77,798,150.30 -------------- --------------

ATTACHMENT 6 The Delta Queen Steamboat Co. Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE - -------------- ----------- ------- --------- ------- ------- American Classic Voyages Co. 01-10954 (4,765,381.15) 1,628,241.15 2,723,076.34 (5,860,216.34) AMCV Cruise Operations, Inc. 01-10967 101,335,775.02 914,929.86 52,415.91 102,198,288.97 Great AQ Steamboat, L.L.C. 01-10960 (17,006,151.42) -- 99,171.80 (17,105,323.22) Great Pacific NW Cruise Line, L.L.C. 01-10977 (8,436,809.68) -- -- (8,436,809.68) Great River Cruise Line, L.L.C. 01-10963 (6,712,972.51) 91,028.02 212,661.44 (6,834,605.93) Great Ocean Cruise Line, L.L.C. 01-10959 (14,349,980.10) -- 267,666.17 (14,617,646.27) Cruise America Travel, Incorporated 01-10966 269,523.37 3,472.58 27,295.25 245,700.70 Delta Queen Coastal Voyages, L.L.C. 01-10964 (901,221.80) -- -- (901,221.80) Cape Cod Light, L.L.C. 01-10962 (1,436,292.11) -- -- (1,436,292.11) Cape May Light, L.L.C. 01-10961 (8,452,294.56) -- 14,153.55 (8,466,448.11) Project America, Inc. N/A (2,936,984.22) -- -- (2,936,984.22) Oceanic Ship Co. N/A (126,934.33) -- 9,876.10 (136,810.43) Project America Ship I, Inc. N/A 255,723.41 -- -- 255,723.41 Project America Ship II, Inc. N/A (142,646.25) -- -- (142,646.25) Ocean Development Co. 01-10972 2,221,004.51 1,865.60 8,236.62 2,214,633.49 Great Hawaiian Cruise Line, Inc. 01-10975 (1,286.35) -- (1,286.35) Great Hawaiian Properties Corporation 01-10971 856,702.41 391,771.36 1,400.00 1,247,073.77 American Hawaiian Properties Corporation 01-10976 49,579.61 -- 6,029.32 43,550.29 Great Independence Ship Co. 01-10969 (27,551.11) -- 55,533.72 (83,084.83) Cat 11, Inc. 01-10968 (100.00) -- -- (100.00) -------------- ------------- ------------- -------------- 39,691,702.74 3,031,308.57 3,477,516.22 39,245,495.09 ============== ============= ============= ==============

THE DELTA QUEEN STEAMBOAT COMPANY ACCOUNTS RECEIVABLE AGING AS OF JANUARY 31, 2002 ATTACHMENT 7 NOT APPLICABLE THE DELTA QUEEN STEAMBOAT COMPANY ACCOUNTS PAYABLE DETAIL AS OF JANUARY 31, 2002 ATTACHMENT 8 NOT APPLICABLE DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Physical counts have now been performed internally all inventory amounts. 2. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. EX-99.14 16 g74425ex99-14.txt GREAT HAWAIIAN PROPERTIES CORP - JAN 02 REPORT EXHIBIT 99.14 DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION CASE NUMBER: 01-10971 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ N. J. Davison - -------------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION CASE NUMBER: 01-10971 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 Great Hawaiian Properties Corporation SUMMARY Case No: 01-10971 (EIK) UNAUDITED GREAT HAWAIIAN PROPERTIES CORP For Month Of January, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- AHC - Honolulu Disbursements 0.00 0.00 No - No - No - Bank One No Activity No Activity No Activity Account # - 552-0110649303 AHC - Mainland Credit Cards 0.00 0.00 Yes No - Not Yes Bank One Concentration Account # - 552-0110521579 Account AHC - Mainland Disbursements 0.00 0.00 No - No - No Bank One No Activity No Activity No Activity Account # - 552-0110673395 AHC - Mainland Payroll 41,173.74 46,796.72 Yes No - Not Yes Bank One Concentration Account # - 552-0110673387 Account AHC - Master Cash 0.00 0.00 No- No - No Bank One No Activity No Activity No Activity Account # - 552-0110673360 AHC - Honolulu Credit Cards 0.00 (84.00) Yes No - Not Yes Bank One Concentration Account # - 552-0110572580 Account Great Hawaiian Prop Corp 0.00 0.00 No- No- No Goldman Sachs & Co. No Activity No Activity No Activity Account # - 020-33478-5

Receipts & Disbursements Attachment 2-1 Great Hawaiian Properties Corporatior R&D - Bank One Case No: 01-10971 (EIK) UNAUDITED AHC Mainland Credit Cards Bank One AHC Mainland Credit Cards Account # - 552-0110521579 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 0.00 Receipts 3,151.90 Receipts From Credit Cards ---------- 3,151.90 Total Receipts Disbursements (252.00) Bank Fees (2,899.90) To Great Hawaiian Properties Corporation - Bank One - AHC Mainland Payroll - Account (552-0110673387) ---------- (3,151.90) Total Disbursements Closing Balance - 31 Jan 02 0.00 Receipts & Disbursements Attachment 2-2 Great Hawaiian Properties Corporation R&D - Bank One Case No: 01-10971 (EIK) AHC Mainland Payroll Bank One UNAUDITED AHC Mainland Payroll Account # - 552-0110673387 1 January 02 - 31 January 0 Opening Balance - 1 Jan 02 41,173.74 Receipts 2,173.58 From Oceanic Ship Co - Bank One - Oceanic Credit Card -Account (1583503949) Account (552-0110673360) 2,899.90 From Great Hawaiian Properties Corporation - Bank One - AHC Mainland Credit Card - Account (552-0110521579) 773.50 From The Delta Queen Steamboat Co. - Bank One - DQ Credit Card Account (552-0110062868) ---------- 5,846.98 Total Receipts Disbursements (84.00) To Great Hawaiian Properties Corporation - Bank One - AHC Honolulu Credit Card - Account (552-0110572580) (140.00) To Oceanic Ship Co - Bank One - Oceanic Credit Card -Account (1583503949) ---------- (224.00) Total Disbursements Closing Balance - 31 Jan 02 46,796.72 Receipts & Disbursements Attachment 2-3 Great Hawaiian Properties Corporation R&D- Bank One Case No: 01-10971 (EIK) UNAUDITED AHC Honolulu Credit Cards Bank One AHC Honolulu Credit Cards Account # - 552-0110572580 1 January 02 - 31 January02 Opening Balance - 1 Jan 02 0.00 Receipts 84.00 From Great Hawaiian Properties Corporation - Bank One - AHC Mainland Payroll - Account (552-0110673387) ---------- 84.00 Total Receipts Disbursements (168.00) Bank Fees ---------- (168.00) Total Disbursements Closing Balance - 31 Jan 02 (84.00) Concentration & Investment Account Statements Attachment 3 Great Hawaiian Properties Corporation Summary Case No: 01-10971 (EIK) Great Hawaiian Properties Corp For Month Of January. 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SL2 OF BOOKS DATE: 22-FLE-02 09:15:49 INCOME STATEMENT - ATTACHMENT 4 PAGE: 1 CURRENT PERIOD: JAN-02 CURRENCY USD COMPANY=51(AHC - OPERATIONS)

PTD-ACTUAL JAN-02 ---------- REVENUE GROSS REVENUE 0.00 ALLOWANCES 0.00 ----- NET REVENUE 0.00 OPERATING EXPENSES AIR 0.00 HOTEL 0.00 COMMISSIONS 0.00 ONBOARD EXPENSES 0.00 PASSENGER EXPENSES 0.00 VESSEL EXPENSES 0.00 LAYUP/DRYDOCK EXPENSE 0.00 VESSEL INSURANCE 0.00 ----- TOTAL OPERATING EXPENSES 0.00 ----- GROSS PROFIT 0.00 SG&A EXPENSES SALES & MARKETING 0.00 PRE-OPENING COSTS 0.00 ----- TOTAL SG&A EXPENSES 0.00 ----- EBITDA 0.00 DEPRECIATION 0.00 OPERATING INCOME 0.00 OTHER EXPENSE/ (INCOME) INTEREST INCOME 0.00 INTEREST EXPENSE 0.00 EQUITY IN EARNINGS FOR SUB 0.00 REORGANIZATION EXPENSES 0.00 ----- TOTAL OTHER EXPENSE/(INCOME) 0.00 ----- NET PRETAX INCOME/(LOSS) 0.00 ----- INCOME TAX EXPENSE 0.00 ----- NET INCOME/ (LOSS) 0.00 -----

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=51 (AHC - OPERATIONS)

YTD-Actual YTD-Actual JAN-02 CT-01 -------------- --------------- ASSETS Cash and Equivalent 46,796.72 665,214.37 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 0.00 Inventories Note 1 34,955.08 36,560.78 Prepaid Expenses 0.00 1,609.00 Other Current Assets 0.00 0.00 --------------- --------------- Total Current Assets 81,751.80 703,384.15 Fixed Assets 1,992,727.87 1,992,727.87 Accumulated Depreciation (1,687,090.91) (1,687,090.91) --------------- --------------- Net Fixed Assets 305,636.96 305,636.96 Net Goodwill 0.00 0.00 Intercompany Due To/From 20,941,524.74 20,319,892.39 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 --------------- --------------- Total Other Assets 20,941,524.74 20,319,892.39 --------------- --------------- Total Assets 21,328,913.50 21,328,913.50 --------------- ---------------

AMCV US SET OF BOOKS Date: 22-FEu-02 09:28:38 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JAN-02 currency USD Company=51 (AHC - OPERATIONS)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities (15,184,601.60) (15,184,601.60) -------------- -------------- Total Liabilities 15,184,601.60) (15,184,601.60) OTHER Liabilities Subject to Compromise 0.00 0.00 -------------- -------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 9,440.25 9,440.25 Add'1 Paid In Capital 83,336,732.73 83,336,732.73 Current Net Income (Loss) 0.00 (516,397.64) Retained Earnings (46,832,657.88) (46,316,260.24) -------------- -------------- Total Owner's Equity 36,513,515 36,513,515.10 -------------- -------------- Total Liabilities & Equity 21,328,913.50 21,328,913.50 -------------- --------------

Great Hawaiian Properties Corporation ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 50,730,599.25 380,442.02 70.68 51,110,970.59 AMCV Cruise Operations, Inc. 01-10967 6,121,103.54 -- 4,228.48 6,116,875.06 The Delta Queen Steamboat Co. 01-10970 (856,702.41) 1,400.00 391,771.36 (1,247,073.77) Great AQ Steamboat, L.L.C. 01-10960 22,591.38 -- -- 22,591.38 Great Pacific NW Cruise Line, L.L.C. 01-10977 66,513.26 -- 66,513.26 Great River Cruise Line, L.L.C. 01-10963 41,555.00 -- 41,555.00 Great Ocean Cruise Line, L.L.C. 01-10959 34,964.32 -- 34,964.32 Cape May Light, L.L.C. 01-10961 (4,188.00) -- -- (4,188.00) Project America, Inc. N/A (3006,981.48) -- 621.00 (3.007,602.48) Oceanic Ship Co. N/A (345,917) (345,917.07) Ocean Development Co. 011 0972 780,707.24 -- -- 780,707.24 Great Hawaiian Cruise Line, Inc. 01-10975 (3,667,617.75) -- (3,667,617.75) American Hawaiian Properties Corporation 01-10976 (62,430.01) 8,452.90 8,452.90 (62,430.01) Great Independence Ship Co. 01-10969 (28,898,393.97) -- -- (28,898,393.97) Cat 11, Inc. 01-10968 570.94 -- -- 570.94 ------------------------------------------------------------------------- 20,956,374.24 390,294.92 405,144 42 20,941,524 74 =========================================================================

Great Hawaiian Properties Corporation Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable Great Hawaiian Properties Corporation Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION CASE NUMBER: 01-10971 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Amount represents obsolete in inventory that is held for auction. 2. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. EX-99.15 17 g74425ex99-15.txt OCEAN DEVELOPMENT CO. - JAN 02 REPORT EXHIBIT 99.15 DEBTOR: OCEAN DEVELOPMENT CO. CASE NUMBER: 01-10972 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ N. J. Davison - --------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: OCEAN DEVELOPMENT CO. CASE NUMBER: 01-10972 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January Monthly Operating Report Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 Ocean Development Co. Summary Case No: 01-10972 (EIK) UNAUDITED Ocean Development Co. For Month Of January, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- Ocean Development Co. 0.00 0.00 No - No - Not No - City National Bank No Activity Concentration No Activity Account # - 1604832 Account ODC Disbursements 0.00 0.00 No- No - Not No LaSalle Bank No Activity Concentration No Activity Account # - 5800156167 Account ODC Payroll 8,265.77 0.00 Yes No - Not Yes LaSalle Bank Concentration Account # - 5800156175 Account Ocean Development Co. 0.00 0.00 No- Not A Bank No - Petty Cash No Activity Account No Activity

Receipts & Disbursements Attachment 2 Ocean Development Co. R&D -LASALLE Case No: 01-10972 (EIK) UNAUDITED ODC PAYROLL LaSalle ODC Payroll Account # - 5800156175 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 8,265.77 Receipts ---------- 0.00 Total Receipts Disbursements (29.15) Bank Fees (8,236.62) To The Delta Queen Steamboat Co - Hibernia - DQ Payroll - Account (812-395-289) ---------- (8,265.77) Total Disbursements Closing Balance - 31 Jan 02 0.00 Concentration & Investment Account Statements Attachment 3 Ocean Development Co. Summary Case No: 01-10972 (EIKI Ocean Development Co. For Month Of January, 2002 Attach 283 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=61 (ODC)

PTD-Actual JAN-02 -------------- Revenue Gross Revenue 0.00 Allowances 0.00 ----- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ----- Total Operating Expenses 0.00 ----- Gross Profit 0.00 SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ----- Total SG&A Expenses 0.00 ----- EBITDA 0.00 Depreciation 0.00 ----- Operating Income 0.00 Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ----- Total Other Expense/(Income) 0.00 ----- Net Pretax Income/(Loss) 0.00 ----- Income Tax Expense 0.00 ----- Net Income/(Loss) 0.00 -----

AMCV US SET OF BOOKS Date: 25-FEB-02 09:50:26 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: JAN-02 currency USD Company=61 (ODC)

YTD-Actual YTD-Actual JAN-02 OCT-01 --------------- --------------- ASSETS Cash and Equivalent 0.00 118,106.14 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 151,000.00 Inventories 0.00 0.00 Prepaid Expenses 0.00 2,428.25 Other Current Assets 0.00 12,086.31 Total Current Assets 0.00 283,620.70 Fixed Assets 0.00 475,030.49 Accumulated Depreciation 0.00 (200,064.63) Net Fixed Assets 0.00 274,965.86 Net Goodwill 0.00 0.00 Intercompany Due To/From (585,793.50) (661,080.60) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 Total Other Assets (585,793.50) (661,080.60) Total Assets (585,793.50) (102,494.04)

AMCV US SET OF BOOKS Date: 25-FEB-02 09:50:26 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JAN-02 currency USD Company=61 (ODC)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- LIABILITIES Accounts Payable 0.00 8,352.05 Accrued Liabilities 0.00 4,455.57 Deposits 0.00 0.00 ------------ ------------- Total Current Liabilities 0.00 12,807.62 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------ ------------- Total Liabilities 0.00 12,807.62 OTHER Liabilities Subject to Compromise 12,807.62 0.00 ------------ ------------- Total Other 12,807.62 0.00 OWNER'S EQUITY Common Stock 1.00 1.00 Add'1 Paid In Capital 99.00 99.00 Current Net Income (Loss) 0.00 (34,923.61) Retained Earnings (598,701.12) (80,478.05) ------------- -------------- Total Owner's Equity (598,601.12) 115,301.66) ------------- -------------- Total Liabilities & Equity (585,793.50) (102,494.04) ------------- --------------

Ocean Development Co. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (206,379,952.56) -- -- (206,379,952.56) AMCV Cruise Operations, Inc. 01-10967 (1,564,704.50) 451,834.32 451,935.90 (1,564,806.08) The Delta Queen Steamboat Co. 01-10970 (2,221,004.51) 8,236.62 1,865.60 (2,214,633.49) Great Pacific NW Cruise Line, L.L.C. 01-10977 24,185,738.20 -- -- 24,185,738.20 Cruise America Travel, Incorporated 01-10966 (15,996.19) -- -- (15,996.19) Cape Cod Light, L.L.C. 01-10962 13,075,170.55 73,481.41 73,481.41 13,075,170.55 Cape May Light, 1L.L.C. 01-10961 14,604,239.22 528.00 528.00 14,604,239.22 Project America, Inc. N/A (121,769.93) -- -- (121,769.93) Oceanic Ship Co: N/A 16,588,600.15 -- -- 16,588,600.15 Project America Ship I, Inc. N/A 88,694,801.97 74,420.36 74,420.36 88,694,801.97 Project America Ship II, Inc. N/A 53,705,913.72 59,046.19 59,046.19 53,705,913.72 Great Hawaiian Properties Corporation 01-10971 (780,707.24) -- -- (780,707.24) CAT II, Inc. 01-10968 (362,391.82) -- -- (362,391.82) ---------------------------------------------------------------------- (592.062.94) 667.546.90 661.277.46 (585,793.50) ======================================================================

Ocean Development Co. Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable Ocean Development Co. Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: OCEAN DEVELOPMENT CO. CASE NUMBER: 01-10972 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. EX-99.16 18 g74425ex99-16.txt AMCV HOLDINGS, INC. - JAN 02 REPORT EXHIBIT 99.16 DEBTOR: AMCV HOLDINGS, INC. CASE NUMBER: 01-10973 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicohlas J. Davison - ------------------------------- Nicholas J. Davison Senior-Vice-President, Finance DEBTOR: AMCV HOLDINGS, INC. CASE NUMBER: 01-10973 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 AMCV Holdings, Inc. Summary Case No: 01-10973 (EIK) UNAUDITED AMCV Holdings, Inc. For Month Of January, 2002

Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

Receipts & Disbursements Attachment 2 AMCV Holdings, Inc. Summary Case No: 01-10973 (EIK) AMCV Holdings, Inc. For Month Of January. 2002 Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 AMCV Holdings, Inc. Summary Case No: 01-10973 (EIK) AMCV Holdings, Inc. For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=12 (AMCV - HOLDINGS)

PTD-Actual JAN-02 -------------- Revenue Gross Revenue 0.00 Allowances 0.00 -------------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 Total Operating Expenses 0.00 -------------- Gross Profit 0.00 -------------- SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 -------------- Total SG&A Expenses 0.00 -------------- EBITDA 0.00 Depreciation 0.00 -------------- Operating Income 0.00 Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 110, 507.28 Reorganization expenses 0.00 -------------- Total Other Expense/(Income) (110,507.28) -------------- Net Pretax Income/(Loss) 110,507.28 -------------- Income Tax Expense 0.00 -------------- Net Income/(Loss) 110,507.28 --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=12 (AMCV - HOLDINGS)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 0.00 Inventories 0.00 0.00 Prepaid Expenses 0.00 0.00 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 0.00 0.00 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 -------------- -------------- Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From 0.00 0.00 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries (75,283.17) (918,077.34) Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets (75,283.17) (918,077.34) -------------- -------------- Total Assets (75,283.17) (918,077.34) -------------- --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=12 (AMCV - HOLDINGS)

YTD-Actual YTD-Actual JAN-02 OCT-01 --------------- --------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 --------------- --------------- Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 --------------- --------------- Total Liabilities 0.00 0.00 OTHER Liabilities Subject to Compromise 0.00 0.00 --------------- --------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 9,440.25 9,440.25 Add'1 Paid In Capital 79,208,059.85 79,208,059.85 Current Net Income (Loss) 110,507.28 (13,500,663.21) Retained Earnings (79,403,290.55) (66,634,914.23) --------------- --------------- Total Owner's Equity (75,283.17) (918,077.34) --------------- --------------- Total Liabilities & Equity (75,283.17) (918,077.34) --------------- ---------------

AMCV Holdings, Inc. Summary List of Due To/Due From Accounts As of January 31, 2002 And For the Month Then Ended Attachment 6 Not Applicable AMCV Holdings, Inc. Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable AMCV Holdings, Inc. Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: AMCV HOLDINGS, INC. CASE NUMBER: 01-10973 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. EX-99.17 19 g74425ex99-17.txt DQSB II, INC. - JAN 02 REPORT EXHIBIT 99.17 DEBTOR: DQSB II, INC. CASE NUMBER: 01-10974 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicohlas J. Davison - ------------------------------- Nicholas J. Davison Senior-Vice-President, Finance DEBTOR: DQSB II, INC. CASE NUMBER: 01-10974 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 DQSB II, Inc. Summary Case No: 01-10974 (EIK) UNAUDITED DQSB II, Inc. For Month Of January, 2002

Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

Receipts & Disbursements Attachment 2 DQSB II, Inc. Summary Case No: 01-10974 (EIK) DQSB II, Inc. For Month Of January, 2002 Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 DQSB II, Inc. Summary Case No: 01-10974 (EIK) DQSB II, Inc. For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=60 (DELTA QUEEN SC II)

PTD-Actual JAN-02 -------------- Revenue Gross Revenue 0.00 Allowances 0.00 -------------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 Total Operating Expenses 0.00 -------------- Gross Profit 0.00 -------------- SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 -------------- Total SG&A Expenses 0.00 -------------- EBITDA 0.00 Depreciation 0.00 -------------- Operating Income 0.00 Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub (11, 598.11) Reorganization expenses 0.00 -------------- Total Other Expense/(Income) 11,598.11 -------------- Net Pretax Income/(Loss) 11,598.11 -------------- Income Tax Expense 0.00 -------------- Net Income/(Loss) (11,598.11) --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=60 (DELTA QUEEN SC II)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 0.00 Inventories 0.00 0.00 Prepaid Expenses 0.00 0.00 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 0.00 0.00 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 -------------- -------------- Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From (21,361.32) (21,361.32) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 151,398.52 178,552.30 Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets 130,037.20 157,190.98 -------------- -------------- Total Assets 130,037.20 157,190.98 -------------- --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=12 (DELTA QUEEN SC II)

YTD-Actual YTD-Actual JAN-02 OCT-01 --------------- --------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 --------------- --------------- Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities (4,904.83) (4,904.83) --------------- --------------- Total Liabilities (4,904.83) (4,904.83) OTHER Liabilities Subject to Compromise 0.00 0.00 --------------- --------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 600,000.00 600,000.00 Current Net Income (Loss) (11,598.11) (181,334.98) Retained Earnings (453,459.86) (256,569.21) --------------- --------------- Total Owner's Equity 134,942.03 162,095.81 --------------- --------------- Total Liabilities & Equity 130,037.20 157,190.98 --------------- ---------------

DQSB II, INC. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (22,836.06) -- -- (22,836.06) AMCV Cruise Operations, Inc. 01-10967 (1,194.40) -- -- (1,194.40) Great AQ Steamboat, L.L.C. 01-10960 919.60 -- -- 919.60 Great Pacific NW Cruise Line, L.L.C. 01-10977 339.49 -- -- 339.49 Great River Cruise Line, L.L.C. 01-10963 367.05 -- -- 367.05 Great Ocean Cruise Line, L.L.C. 01-10959 877.52 -- -- 877.52 Cape Cod Light, L.L.C. 01-10962 82.74 -- -- 82.74 Cape May Light, L.L.C. 01-10961 82.74 -- -- 82 74 ------------------------------------------------------------ (21,361.32) -- -- (21,361 32) ============================================================

DQSB II, INC. Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable DQSB II, INC. Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: DQSB II, INC. CASE NUMBER: 01-10974 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. EX-99.18 20 g74425ex99-18.txt GREAT HAWAIIAN CRUISE LINE, INC. - JAN 02 REPORT EXHIBIT 99.18 DEBTOR: GREAT HAWAIIAN CRUISE LINE, INC. CASE NUMBER: 01-10975 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ NICHOLAS J. DAVISON - ---------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: GREAT HAWAIIAN CRUISE LINE, INC. CASE NUMBER: 01-10975 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS -------- Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 Great Hawaiian Cruise Line, Inc. Summary Case No: 01-10975 (EIK) Unaudited Great Hawaiian For Month Of January, 2002 Cruise lane, Inc.

Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

Receipts & Disbursements Attachment 2 Great Hawaiian Cruise Line, Inc. Summary Case No: 01-10975 (EIK) Great Hawaiian For Month Of January, 2002 Cruise Line Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Great Hawaiian Cruise Line. Inc. Summary Case No: 01-10975 (EIK) Great Hawaiian For Month Of January, 2002 Cruise Line Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=50 (GREAT HAWAII CRUISE IN)

PTD-Actual JAN-02 ----------- Revenue Gross Revenue 0.00 Allowances 0.00 ----------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ----------- Total Operating Expenses 0.00 ----------- Gross Profit 0.00 SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ----------- Total SG&A Expenses 0.00 ----------- EBITDA 0.00 Depreciation 0.00 ----------- Operating Income 0.00 Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 110,580.28 Reorganization expenses 0.00 ----------- Total Other Expense/ (Income) (110,580.28) ----------- Net Pretax Income/(Loss) 110,580.28 ----------- Income Tax Expense 0.00 ----------- Net Income/ (Loss) 110,580.28 -----------

AMCV US SET BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=50 (GREAT HAWAII CRUISE LN)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 0.00 Inventories 0.00 0.00 Prepaid Expenses 0.00 0.00 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 0.00 0.00 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 -------------- -------------- Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From (24,594,729.45) (24,608,201.70) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 42,500,459.37 41,532,108.18 Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets 17,905,729.92 16,923,906.48 -------------- -------------- Total Assets 17,905,729.92 16,923,906.48 -------------- --------------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=50 (GREAT HAWAII CRUISE LN)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 -------------- -------------- Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities (1,816,230.95) (1,816,230.95) -------------- -------------- Total Liabilities (1,816,230.95) (1,816,230.95) OTHER Liabilities Subject to Compromise 0.00 0.00 -------------- -------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 8,440.25 8,440.25 Add'1 Paid In Capital 76,531,536.87 76,531,536.87 Current Net Income (Loss) 110,580.28 (11,777,334.92) Retained Earnings (56,928,596.53) (46,022,504.77) -------------- -------------- Total Owner's Equity 19,721,960.87 18,740,137.43 -------------- -------------- Total Liabilities & Equity 17,905,729.92 16,923,906.48 -------------- --------------

Great Hawaiian Cruse Line, Inc. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (3,586,530.01) 976.77 14,172.43 (3,599,725.67) AMCV Cruise Operations, Inc. 01-10967 (1,574.81) -- -- (1,574.81) The Delta Queen Steamboat Co. 01-10970 1,286.35 -- -- 1,286.35 Oceanic Ship Co. N/A (1,803.12) -- -- (1,803.12) Great Hawaiian Properties Corporation 01-10971 3,667,617.75 -- -- 3,667,617.75 American Hawaiian Properties Corporation 01-10976 743.26 -- -- 743.26 Great Independence Ship Co. 01-10969 (24,661,273.21) -- -- (24,661,273 21) --------------------------------------------------------------------- (24,581,533.79) 976.77 14,172.43 (24,594,729.45) =====================================================================

GREAT HAWAIIAN CRUISE LINE, INC. ACCOUNTS RECEIVABLE AGING AS OF JANUARY 31, 2002 ATTACHMENT 7 NOT APPLICABLE GREAT HAWAIIAN CRUISE LINE, INC. ACCOUNTS PAYABLE DETAIL AS OF JANUARY 31, 2002 ATTACHMENT 8 NOT APPLICABLE DEBTOR: GREAT HAWAIIAN CRUISE LINE, INC. CASE NUMBER: 01-10975 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. EX-99.19 21 g74425ex99-19.txt AMERICAN HAWAII PROPERTIES CORP - JAN 02 REPORT EXHIBIT 99.19 DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ NICHOLAS J. DAVISON - ---------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS -------- Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 American Hawaii Properties Corporation Summary Case No: 01-10976(EIK) UNAUDITED American Hawaii For Month Of January, 2002 Properties Corp

Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- AHC - Honolulu Payroll 58,170.75 57,396.81 Yes No - Not Yes Bank One Concentration Account # - 552-0110673379 Account American Hawaii Pro DBA 0.00 0.00 No - No - Not No - Bank of Hawaii No Activity Concentration No Activity Account # - 0001-037773 Account Honolulu Office 2,607.07 0.00 Yes Not A Bank Yes Petty Cash Account

Receipts & Disbursements Attachment 2-1 American Hawaii Properties Corporation R&D-Bank One Case No: 01-10976 (EIK) UNAUDITED AHC Honolulu Payroll Bank One Account # - 552-0110673379 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 58,170.75 Receipts --------- 0.00 Total Receipts Disbursements (773.94) Payroll --------- (773.94) Total Disbursements Closing Balance - 31 Dec 01 57,396.81 Receipts & Disbursements Attachment 2-2 American Hawaii Properties Corporation R&D-Honolulu Office Case No: 01-10976 (EIK) UNAUDITED Petty Cash Honolulu Office Petty Cash Account # - NA 1 January 02 - 31 January 02 Opening Balance - 1 Dec 01 2,607.07 Receipts --------- 0.00 Total Receipts Disbursements (2,607.07) Misc Shut-Down Expenses --------- (2,607.07) Total Disbursements Closing Balance - 31 Dec 01 0.00 Concentration & Investment Account Statements Attachment 3 American Hawaii Properties Corp Summary Case No: 01-10976 (EIK) American Hawaii For Month Of January, 2002 Properties Corp Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=52 (AHC - HONOLULU OFFICE)

PTD-Actual JAN-02 ---------- Revenue Gross Revenue 0.00 Allowances 0.00 ---------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ---------- Total Operating Expenses 0.00 ---------- Gross Profit 0.00 SG&A Expenses General and Admin Expenses 4,178.34 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---------- Total SG&A Expenses 4,178.34 ---------- EBITDA (4,178.34) Depreciation 0.00 ---------- Operating Income (4,178.34) Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ---------- Total Other Expense/ (Income) 0.00 ---------- Net Pretax Income/(Loss) (4,178.34) ---------- Income Tax Expense 0.00 ---------- Net Income/ (Loss) (4,178.34) ----------

AMCV US SET BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=52 (AHC - HONOLULU OFFICE)

YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 47,396.81 175,430.72 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 1,334.40 Inventories 598,546.64 1,214,962.00 Prepaid Expenses (528.80) 7,240.63 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 655,414.65 1,398,967.75 Fixed Assets 1,553,888.60 1,553,888.60 Accumulated Depreciation (591,442.88) (591,442.88) -------------- -------------- Net Fixed Assets 962,445.72 962,445.72 Net Goodwill 0.00 0.00 Intercompany Due To/From (3,158,045.98) (3,743,572.98) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets (3,158,045.98) (3,743,572.98) -------------- -------------- Total Assets (1,540,185.61) (1,382,159.51) -------------- --------------

AMCV US SET BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=52 (AHC - HONOLULU OFFICE)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------- ------------- LIABILITIE Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 ------------- ------------- Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 0.00 0.00 OTHER Liabilities Subject to Compromise 0.00 0.00 ------------- ------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 1,000.00 1,000.00 Add'1 Paid In Capital 0.00 0.00 Current Net Income (Loss) (4,178.34) (1,383,800.96) Retained Earnings (1,537,007.27) 641.45 ------------- ------------- Total Owner's Equity (1,540,185.61) (1,382,159.51) ------------- ------------- Total Liabilities & Equity (1,540,185.61) (1,382,159.51) ------------- -------------

American Hawaii Properties Corporation Attachment 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (2,484,240.71) 74.97 -- (2,484,165.74) AMCV Cruise Operations, Inc. 01-10967 (5,188,103.46) -- 2,117.21 (5,190,220.67) The Delta Queen Steamboat Co. 01-10970 (49,579.61) 14,482.22 8,452.90 (43,550.29) Great AQ Steamboat, L.L.C 01-10960 1,496.24 -- -- 1,496.24 Great River Cruise Line, L.L.C 01-10963 (9,562.38) -- -- (9,562.38) Cruise America Travel, Incorporated 01-10966 (1,126.92) -- -- (1,126.92) Cape Cod Light, L.L.C 01-10962 31,777.30 -- -- 31,777.30 Project America, Inc. N/A 1,297,351.35 -- -- 1,297,351.35 Oceanic Ship Co. N/A 3,724,194.25 -- -- 3,724,194.25 Great Hawaiian Cruise Line, Inc. 01-10975 (743.26) -- -- (743.26) Great Hawaiian Properties Corporation 01-10971 62,430.01 8,452.90 8,452.90 62,430.01 Great Independence Ship Co. 01-10969 (543,024.70) 773.94 -- (542,250.76) Cat II, Inc. 01-10968 (3,675.11) -- -- (3,675.11) --------------------------------------------------------------------- (3,162,807.00) 23,784.03 19,023.01 (3.158.045.98) =====================================================================

AMERICAN HAWAII PROPERTIES CORPORATION ACCOUNTS RECEIVABLE AGING AS OF JANUARY 31, 2002 ATTACHMENT 7 NOT APPLICABLE AMERICAN HAWAII PROPERTIES CORPORATION ACCOUNTS PAYABLE DETAIL AS OF JANUARY 31, 2002 ATTACHMENT 8 NOT APPLICABLE DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Amount represents warehouse inventories. Physical counts were performed in November, 2001, and quantities were valued at average cost. Inventories are currently held for auction. The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. EX-99.20 22 g74425ex99-20.txt GREAT PACIFIC NW CRUISE LINE, LLC. - JAN 02 REPORT EXHIBIT 99.20 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ NICHOLAS J. DAVISON - ---------------------------------- Nicholas J. Davison Senior Vice President, Finance DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS -------- Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to January 2002 Monthly Operating Report Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 Great Pacific NW Cruise Line. L.L.C. Summary Case No: 01-10977 (EIK) UNAUDITED Great Pacific NW For Month Of January, 2002 Cruise Line, LLC

Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- Great Pacific NW Cruise Line 0.00 0.00 No - No - Not No - Payroll No Activity Concentration No Activity U.S. Bank Account Account # - 153390417191 Great Pacific NW Cruise Line 0.00 0.00 No- No - Not No - Steamer No Activity Concentration No Activity U.S. Bank Account Account # -153390417191 Great Pacific NW Cruise Line 0.00 0.00 No - No - Not No - Columbia Queen Petty Cash No Activity Concentration No Activity Account

Receipts & Disbursements Attachment 2 Great Pacific NW Cruise Line. L.L.C. Summary Case No: 01-10977 (EIK) Great Pacific NW For Month Of January, 2002 Cruise Line, LLC Attach 2&3 No Receipts Or Disbursements Due To No Bank Activity Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Great Pacific NW Cruise Line, L.L.C. Summary Case No: 01-10977 (EIK) Great Pacific NW For Month Of January, 2002 Cruise Line, LLC Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=24 (COLUMBIA QUEEN)

PTD-Actual JAN-02 ---------- Revenue Gross Revenue 600.00 Allowances 0.00 ---------- Net Revenue 600.00 Operating Expenses Air (166.30) Hotel Commissions 0.00 0.00 Onboard Expenses 0.00 Passenger Expenses 7,192.44 Vessel Expenses 6,635.24 Layup/Drydock Expense 0.00 Vessel Insurance 5,447.00 ---------- Total Operating Expenses 19,108.38 ---------- Gross Profit (18,508.38) SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---------- Total SG&A Expenses 0.00 EBITDA (18,508.38) Depreciation 0.00 ---------- Operating Income (18,508.38) Other Expense/(Income) Interest Income 0.00 Interest Expense 9,013.14 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ---------- Total Other Expense/(Income) 9,013.14 ---------- Net Pretax Income/(Loss) (27,521.52) ---------- Income Tax Expense 0.00 ---------- Net Income/(Loss) (27,521.52) ----------

AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=24 (COLUMBIA QUEEN)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------- ------------- ASSETS Cash and Equivalent 0.00 31,623.21 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 9,315.01 11,425.61 Inventories 172,463.71 199,562.38 Prepaid Expenses 0.00 2,800.00 Other Current Assets 0.00 0.00 ------------- ------------- Total Current Assets 181,778.72 245,411.20 Fixed Assets 45,093,524.95 45,093,524.95 Accumulated Depreciation (1,870,234.50) (1,870,234.50) ------------- ------------- Net Fixed Assets 43,223,290.45 43,223,290.45 Net Goodwill 0.00 0.00 Intercompany Due To/From (10,012,198.05) (9,983,225.62) Net Deferred Financing Fees 2,514,666.78 2,545,011.02 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ------------- ------------- Total Other Assets (7,497,531.27) (7,438,214.60) ------------- ------------- Total Assets 35,907,537.90 36,030,487.05 ------------- -------------

AMCV US SETOF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=24 (COLUMBIA QUEEN)

YTD-Actual YTD-Actual JAN-02 OCT-01 ------------- ------------- LIABILITIES Accounts Payable 305.00 180.00 Accrued Liabilities 331,345.43 331,444.68 Deposits 0.00 0.00 ------------- ------------- Total Current Liabilities 331,650.43 331,624.68 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 331,650.43 331,624.68 OTHER Liabilities Subject to Compromise 37,788,314.80 37,792,814.64 ------------- ------------- Total Other 37,788,314.80 37,792,814.64 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 0.00 0.00 Current Net Income (Loss) (27,521.52) 18,578.51 Retained Earnings (2,184,905.81) (2,112,530.78) ------------- ------------- Total Owner's Equity (2,212,427.33) (2,093,952.27) ------------- ------------- Total Liabilities & Equity 35,907,537.90 36,030,487.05 ------------- -------------

GREAT PACIFIC NW CRUISE LINE, L.L.C. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 15,487,434.41 600.00 -- 15,488,034.41 AMCV Cruise Operations, Inc. 01-10967 (9,372,500.72) -- 9,429.72 (9,381,930.44) The Delta Queen Steamboat Co. 01-10970 8,436,809.68 -- -- 8,436,809.68 DQSB 11, Inc. 01-10974 (339.49) -- -- (339.49) Great AQ Steamboat, L.L.C 01-10960 (5,552.79) -- -- (5,552.79) Great River Cruise Line, L.L.C 01-10963 (2,052.08) -- -- (2,052.08) Great Ocean Cruise Line, L.L.C 01-10959 (10,219.55) -- -- (10,219.55) Cruise America Travel, incorporated 01-10966 (674,733.24) -- -- (674,733.24) Delta Queen Coastal Voyages, L.L.C 01-10964 118,887.26 -- -- 118,887.26 Cape May Light, L.L.C 01-10961 5,380.67 -- -- 5,380.67 Project America, Inc. N/A (27,500.00) -- (27,500.00) Oceanic Ship Co. N/A 1,701.33 -- -- 1,701.33 Project America Ship I, Inc. N/A 291,567.65 -- -- 291,567.65 Ocean Development Co. 01-10972 (24,185,738.20) -- -- (24,185,738.20) Great Hawaiian Properties Corporation 01-10971 (66,513.26) -- -- (66,513 26) ---------------------------------------------------------------------- (10,003,368.33) 600.00 9,429.72 (10,012,198.05) ======================================================================

GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE #: 01-10977 (EIK) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Detail: 0-30 Days 31-60 Days 61-90 Days 91+ Days Total Paymentech Credit Card Processor 4753.48 4753.48 American Express Credit Card Processor 4126.11 4126.11 Discover Credit Card Processor 435.42 435.42 Diners Credit Card Processor 0 Travel Agents 0 Total 0 0 0 9315.01 9315.01

Attachment # 7 COLUMBIA QUEEN AP - STEAMER CHECKS 24-000-221300-00000 JANUARY, 2002

OIS Checks 1566 K Tinnin ( American Express) 180 1571 K Tinnin ( Citibank) 70 1611 Shonda Meyer - AT&T 55 TTL 305

Attachment # 8 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT 1. Physical inventory counts have not been performed. Inventory amounts have been adjusted to amounts contained in the Debtor's computer systems. The Debtor estimates that it would cost up to $50,000 to perform physical counts of the inventories of The Delta Queen Steamboat Company and its subsidiaries. Should physical inventory counts be performed, amounts recorded as inventory on the Debtor's books and records could change materially. 2. Deferred financing costs represent costs incurred in connection with placing pre- petition debt instruments. Deferred financing costs are being amortized to interest expense over the term of the applicable debt instrument. The Debtor has ceased paying cash interest on its long-term debt, and accordingly, has ceased accruing for such payments as interest expense. 3. The Debtor ceased operating its primary asset, the Columbia Queen, on October 22, 2001. In connection therewith, the Debtor ceased accruing for its next scheduled lay-up, ceased recording depreciation, and has not adjusted related lay up accrual or asset values pending the outcome of Chapter 11 proceedings. 4. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. -----END PRIVACY-ENHANCED MESSAGE-----

EX-99.1

                                                                    EXHIBIT 99.1

DEBTOR: AMERICAN CLASSIC VOYAGES CO.                 CASE NUMBER: 01-10954 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicholas J. Davison
- --------------------------------
Nicholas J. Davison
Senior Vice President, Finance




DEBTOR: AMERICAN CLASSIC VOYAGES CO.                 CASE NUMBER: 01-10954 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS
                                    --------

                                             
Attachment 1                                    Summary of Bank and Investment Accounts

Attachment 2                                    Schedule of Receipts and Disbursements

Attachment 3                                    Bank and Investment Account Statements

Attachment 4                                    Income Statement

Attachment 5                                    Balance Sheet

Attachment 6                                    Summary of Due To/Due From Intercompany Accounts

Attachment 7                                    Accounts Receivable Aging

Attachment 8                                    Accounts Payable Detail

Attachment 9                                    Notes to January 2002 Monthly Operating Report






                     Summary Of Bank And Investment Accounts       Attachment 1
                           American Classic Voyages Co
Summary                        Case No: 01-10954 (EIK)                UNAUDITED
American Classic            For Month Of January, 2002
 Voyages Co



                                                Balances
                                     ------------------------------    Receipts &         Bank
                                        Opening          Closing       Disbursements      Statements      Account
Account                              As Of 1/01/02    As Of 1/31/02    Included           Included        Reconciled
- -------                              -------------    -------------    -------------      ----------      ----------
                                                                                           
AMCV Deferred Compensation                   0.00           0.00       No -               No-             No -
Bank One                                                               No Activity        No Activity     No Activity
Account # - 1590101554

AMCV Dental Benefits                         0.00           0.00       No-                No -            No -
Chase (JP Morgan Chase & Co)                                           No Activity        No Activity     No Activity
Account # - 002-2-426530

AMCV Employee Stock Plan                     0.00           0.00       No -               No -            No -
LaSalle Bank                                                           No Activity        No Activity     No Activity
Account # - 5800015140

AMCV Insurance                               0.00           0.00       No-                No -            No -
LaSalle Bank                                                           No Activity        No Activity     No Activity
Account # - 5800021411

AMCV Medical Benefits                    9,369.77      22,327.70       Yes                No - Not        Yes
Chase (JP Morgan Chase & Co)                                                              Concentration
Account # - 002-2-426522                                                                  Account

American Classic Voyages Co                  0.00           0.00       No-                No -            No -
Master Cash                                                            No Activity        No Activity     No Activity
LaSalle Bank
Account # - 2355464

American Classic Voyages Co              8,373.53           0.00       Yes                No - Not        Yes
Payroll                                                                                   Concentration
LaSalle Bank                                                                              Account
Account # - 2369368

American Classic Voyages Co              7,040.64       7,025.87       Yes                No - Not        Yes
PAC                                                                                       Concentration
LaSalle Bank                                                                              Account
Account # - 2355882

American Classic Voyages Co         10,317,837.87   8,424,806.59       Yes                Yes             Yes
Investment Account
Credit Suisse Asset Management
Account # - 247003452

American Classic Voyages Co                  0.00          10.72       Yes                Yes             Yes
Investment Account
Goldman Sachs & Co.
Account # - 020-53613-2

American Classic Voyages Co                  0.00           0.00       No-                No -            No -
Investment Account                                                     No Activity        No Activity     No Activity
Merrill Lynch
Account # - 318-3271750-7

American Classic Voyages Co                  0.42           0.42       No-                No -            No -
Investment Account                                                     No Activity        No Activity     No Activity
Conifer Securities
Account # - 330-50683 1-8






                            Receipts & Disbursements             Attachment 2-1
                            American Classic Voyages
R&D - Chase -               Case No: 01-10954 (EIK)                   Unaudited
AMCV Med Ben                         Chase
                              AMCV Medical Benefits
                            Account # - 002-2-426522
                          1 January 02 - 31 January 02

                                          
Opening Balance - 1 Jan02
                                   9,369.77
Receipts
                                 105,000.00     From The Delta Queen Steamboat Company
                                                - Hibernia - DQ Master Cash Account (812-395-335)
                                   5,657.03     From United Healthcare (Reversal)

                                -----------
                                 110,657.03     Total Receipts

Disbursements
                                 (97,699.10)    To United Healthcare

                                -----------
                                 (97,699.10)    Total Disbursements

Closing Balance-31Jan02
                                  22,327.70







                            Receipts & Disbursements             Attachment 2-2
                            American Classic Voyages
R&D -LaSalle-                Case No: 01-10954 (EIK)                  Unaudited
AMCV Payroll                         LaSalle
                                  AMCV Payroll
                               Account # - 2369368
                          1 January 02 - 31 January 02

                                        
Opening Balance - 1 Jan 02

                                8,373.53


Receipts



                                ----------
                                     0.00     Total Receipts

Disbursements

                                  (328.35)    LaSalle Bank Fees

                                (8,045.18)    To Delta Queen Steamboat Company - Hibernia -
                                              DQ Payroll Account (812-395-289)
                                ----------
                                (8,373.53)    Total Disbursements

Closing Balance - 31 Jan 02

                                    0.00









                            Receipts & Disbursements             Attachment 2-3
                            American Classic Voyages
R&D - LaSalle -              Case No: 01-10954_(EIK)                  Unaudited
AMCV PAC                             LaSalle
                                       PAC
                               Account # - 2355882
                          1 January 02 - 31 January 02

                                        
Opening Balance - 1 Jan 02
                                 7,040.64

Receipts



                                ----------
                                      0.00    Total Receipts

 Disbursements
                                    (14.77)   LaSalle Bank Fees



                                ----------
                                    (14.77)   Total Disbursements

Closing Balance - 31 Jan 02

                             7,025.87







                            Receipts & Disbursements             Attachment 2-4
                            American Classic Voyages
R&D - Credit Suisse          Case No: 01-10954(EIK)                   Unaudited
Investment Account                Credit Suisse
                               Investment Account
                              Account # - 247003452
                          1 January 02 - 31 January 02

                                               
Opening Balance - 1 Jan 02

                                10,317,837.87
Receipts
                                     6,968.72        Interest Earned


                                --------------
                                     6,968.72        Total Receipts

Disbursements

                                (1,900,000.00)       To The Delta Queen Steamboat Company -
                                                     Hibernia - DQ Master Cash Account (812-395-335)
                                --------------
                                (1,900,000.00)       Total Disbursements

Closing Balance - 31 Jan 02

                                 8,424,806.59










                            Receipts &Disbursements             Attachmentt 2-5
                            American Classic Voyages
R&D -Goldman Sachs           Case No: 01-10954 (EIK)                  Unaudited
Investment Account                Goldman Sachs
                               Investment Account
                             Account # - 020-53613-2
                          1 January 02 - 31 January 02

                                               
Opening Balance - 1 Jan 02
                                 0.00




Receipts
                                10.72                Interest Earned


                                ------
                                10.72                Total Receipts

Disbursements





                                ------
                                 0.00                Total Disbursements

Closing Balance - 31 Jan 02

                                10.72







                               AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

currency USD
  Company=10 (AMCV)




                                                           PTD-Actual
                                                             JAN-02
                                                         --------------
                                                      
Revenue
  Gross Revenue                                                   0.00
  Allowances                                                      0.00
                                                         -------------
  Net Revenue                                                     0.00
Operating Expenses
  Air                                                             0.00
  Hotel                                                           0.00
  Commissions                                                     0.00
  Onboard Expenses                                                0.00
  Passenger Expenses                                              0.00
  Vessel Expenses                                                 0.00
  Layup/Drydock Expense                                           0.00
  Vessel Insurance                                                0.00
                                                         -------------
  Total Operating Expenses                                        0.00
                                                         -------------
  Gross Profit                                                    0.00
SG&A Expenses
  General and Admin Expenses                                  7,960.34
   Sales & Marketing                                              0.00
   Pre-Opening Costs                                              0.00
                                                         -------------
  Total SG&A Expenses                                         7,960.34
                                                         -------------
  EBITDA                                                     (7,960.34)
  Depreciation                                               15,277.32
                                                         -------------
  Operating Income                                          (23,237.66)
  Other Expense/(Income)
  Interest Income                                           (25,452.06)
  Interest Expense                                           27,304.37
  Equity in Earnings for Sub                             (2,316,856.38)
  Reorganization expenses                                 1,194,245.58
                                                         -------------
  Total Other Expense/(Income)                            3,512,954.27
                                                         -------------
  Net Pretax Income/(Loss)                               (3,536,191.93)
                                                         -------------
  Income Tax Expense                                              0.00
                                                         -------------
  Net Income/(Loss)                                      (3,536,191.93)
                                                         -------------





                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

  currency USD
Company=10 (AMCV)




                                                            YTD-Actual               YTD-Actual
                                                              JAN-02                   OCT-01
                                                          ---------------          --------------
                                                                             

ASSETS
       Cash and Equivalent                                  8,431,843.18            10,343,248.25
       Restricted Cash                                        239,567.00                     0.00
       Marketable Securities                                        0.42                   337.15
       Accounts Receivable                                  3,678,916.74             3,678,916.74
       Inventories                                                  0.00                     0.00
       Prepaid Expenses                                       588,507.00                     0.00
       Other Current Assets                                         0.00                     0.00
                                                          --------------           --------------
              Total Current Assets                         12,938,834.34            14,022,502.14
       Fixed Assets                                         4,979,716.68             4,979,716.68
       Accumulated Depreciation                            (4,543,318.55)           (4,497,369.91)
                                                          --------------           --------------
              Net Fixed Assets                                436,398.13               482,346.77
       Net Goodwill                                            80,435.92                81,420.64
       Intercompany Due To/From                           266,227,828.68           265,726,906.60
       Net Deferred Financing Fees                          3,336,939.74             3,408,954.89
       Net Investment in Subsidiaries                      42,704,842.88            48,551,297.73
       Other Non Current Assets                                     0.00               109,986.54
                                                          --------------           --------------
              Total Other Assets                          312,350,047.22           317,878,566.40
                                                          --------------           --------------
              Total Assets                                325,725,279.69           332,383,415.31
                                                          --------------           --------------









                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=10 (AMCV)




                                                            YTD-Actual               YTD-Actual
                                                              JAN-02                   OCT-01
                                                          --------------           --------------
                                                                             
LIABILITIES
       Accounts Payable                                             0.00                     0.00
       Accrued Liabilities                                  1,648,471.60             1,089,864.63
       Deposits                                                     0.00                     0.00
                                                          --------------           --------------
              Total Current Liabilities                     1,648,471.60             1,089,864.63
       Long Term Debt                                               0.00                     0.00
       Other Long Term Liabilities                         (3,434,093.96)           (3,434,093.96)
                                                          --------------           --------------
              Total Liabilities                            (1,785,622.36)           (2,344,229.33)

OTHER
       Liabilities Subject to Compromise                  200,418,510.55           200,418,510.55
                                                          --------------           --------------
              Total Other                                 200,418,510.55           200,418,510.55
OWNER'S EQUITY
       Common Stock                                           211,013.08               211,013.08
       Add'1 Paid In Capital                              204,438,037.35           204,438,037.35
       Current Net Income (Loss)                           (3,536,191.93)          (40,694,620.74)
       Retained Earnings                                  (74,020,467.00)          (29,645,295.60)
                                                          --------------           --------------
              Total Owner's Equity                        127,092,391.50           134,309,134.09
                                                          --------------           --------------
              Total Liabilities & Equity                  325,725,279.69           332,383,415.31
                                                          --------------           --------------





                          American Classic Voyages Co.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                              BEGINNING                                              ENDING
AFFILIATE NAME                                 CASE NUMBER     BALANCE            DEBITS            CREDITS          BALANCE
                                                                                                   
AMCV Cruise Operations, Inc.                   01-10967       77,872,449.87       1,484,962.66       692,398.82    78,665,013.71
The Delta Queen Steamboat Co.                  01-10970        3,762,286.54       2,252,715.89       154,786.09     5,860,216.34
DQS13 II, Inc.                                 01-10974           22,836.06                 --               --        22,836.06
Great AQ Steamboat, L.L.C                      01-10960      (22,537,128.61)        126,929.47               --   (22,410,199.14)
Great Pacific NW Cruise Line, L.L.C            01-10977      (15,474,968.76)                --        13,065.65   (15,488,034.41)
Great River Cruise Line, L.L.C                 01-10963        5,793,600.38         890,863.52        30,000.00     6,654,463.90
Great Ocean Cruise Line, L.L.C                 01-10959      (29,500,443.08)         10,026.77               --   (29,490,416.31)
Cruise America Travel, Incorporated            01-10966          138,559.52                 --        33,239.67       105,319.85
Delta Queen Coastal Voyages, L.L.C             01-10964          934,299.38                 --               --       934,299.38
Cape Cod Light, L.L.C                          01-10962       (1,671,121.78)            990.00               --    (1,670,131.78)
Cape May Light, L.L.C                          01-10961         (668,425.74)         10,766.17               --      (657,659.57)
Project America, Inc.                          N/A           (29,154,375.55)                --            15.31   (29,154,390.86)
Oceanic Ship Co.                               N/A            41,561,793.40                 --         4,703.66    41,557,089.74
Project America Ship I, Inc.                   N/A             1,794,833.65                 --         1,667.50     1,793,166.15
Project America Ship II, Inc.                  N/A            27,241,846.63                 --               --    27,241,846.63
Ocean Development Co.                          01-10972      206,437,497.45                 --        57,544.89   206,379,952.56
Great Hawaiian Cruise Line, Inc.               01-10975        3,585,960.47         448,453.40       434,688.20     3,599,725.67
Great Hawaiian Properties Corporation          01-10971      (50,672,102.38)             70.68       438,938.89   (51,110,970.59)
American Hawaiian Properties Corporation       01-10976        2,408,905.56          75,335.15            74.97     2,484,165.74
Great Independence Ship Co.                    01-10969       25,058,081.78         129,763.75       238,902.95    24,948,942.58
Cat II, Inc.                                   01-10968       16,695,057.39                 --       732,464.36    15,962,593.03
                                                             ---------------------------------------------------------------------
                                                             263,629,442.18       5,430,877.46     2,832,490.96   266,227,828.68
                                                             =====================================================================





                          AMERICAN CLASSIC VOYAGES CO.




                            ACCOUNTS RECEIVABLE AGING
                             AS OF JANUARY 31, 2002



                                  ATTACHMENT 7


                                 NOT APPLICABLE



                          AMERICAN CLASSIC VOYAGES CO.




                             ACCOUNTS PAYABLE DETAIL
                             AS OF JANUARY 31, 2002



                                  ATTACHMENT 8


                                 NOT APPLICABLE



DEBTOR: AMERICAN CLASSIC VOYAGES CO.                CASE NUMBER: 01-10954 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Deferred financing costs represent costs incurred in connection with
         placing pre-petition debt instruments. Deferred financing costs are
         being amortized to interest expense over the term of the applicable
         debt instrument.

2.       Other long-term liabilities consists of deferred tax assets and
         liabilities, net. Deferred tax assets and liabilities have been
         recognized for the expected future tax consequences of temporary
         differences between carrying amounts and the tax bases of assets and
         liabilities. The Debtor has not recorded adjustments to these amounts
         pending the outcome of Chapter 11 proceedings.

3.       The Debtor has ceased recording accruals for distributions on its Trust
         Preferred securities. Historically, these accruals for these
         distributions were charged to "interest expense and other financing
         costs."

4.       Amount represents pre-petition total hold-backs by Paymentech, Inc.,
         the Debtor's credit card processing agent against pre-petition customer
         deposits. Detail for such hold-backs has not been received from
         Paymentech, Inc.

EX-99.2

                                                                    EXHIBIT 99.2

DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C.             CASE NUMBER: 01-10959 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ NICHOLAS J. DAVISON
- ------------------------------
Nicholas J. Davison
Senior Vice President, Finance




DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C.             CASE NUMBER: 01-10959 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS
                                    --------

                                 
Attachment 1                        Summary of Bank and Investment Accounts

Attachment 2                        Schedule of Receipts and Disbursements

Attachment 3                        Bank and Investment Account Statements

Attachment 4                        Income Statement

Attachment 5                        Balance Sheet

Attachment 6                        Summary of Due To/Due From Intercompany Accounts

Attachment 7                        Accounts Receivable Aging

Attachment 8                        Accounts Payable Detail

Attachment 9                        Notes to January 2002 Monthly Operating Report







               Summary Of Bank, Investment & Petty Cash Accounts   Attachment 1
                        Great Ocean Cruise Line, L.L.C.
Summary                     Case No: 01-10959 (EIK)                   Unaudited
Great Ocean               For Month Of January, 2002
Cruise Line, LLC




                                            Balances                Receipts &          Bank
                                   Opening           Closing        Disbursements       Statements              Account
Account                         As Of 1/01/02      As Of 1/31/02    Included            Included                Reconciled
- -------                         -------------      -------------    -------------       ----------              ----------
                                                                                                 
Mississippi Queen Steamer          10,000.00         10,000.00      Yes                 No - Not                Yes
Hibernia                                                                                Concentration
Account # - 812-502-719                                                                 Account

Mississippi Queen                       0.00               0.00      No-                Not A Bank              No -
Petty Cash                                                           No Activity        Account                 No Activity





                            Receipts & Disbursements             Attachment 2-1
                        Great Ocean Cruise Line. L.L.C.
R&D -                       Case No: 01-109591(EIK)                   Unaudited
Hibernia - MQ Steamer             Hibernia
                        Mississippi Queen Steamer Account
                             Account # - 812-502-719
                          1 January 02 - 31 January 02

                                                    
Opening Balance - 1 Jan 02
                                             10,000.00

Receipts
                                              ---------
                                                   0.00   Total Receipts

Disbursements
                                              ---------
                                                   0.00   Total Disbursements

Closing Balance - 31 Jan 02
                                              10,000.00







                 Concentration & Investment Account Statements     Attachment 3
                         Great Ocean Cruise Line. L.L.C.
Summary                     Case No: 01-10959(EIK)
Great Ocean                For Month Of January, 2002
Cruise Line, LLC
Attach 2&3

         No Statements Due To No Concentration Or Investment Accounts




                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

currency USD
  Company=21 (MISSISSIPPI QUEEN)




                                                          PTD-Actual
                                                            JAN-02
                                                         -----------
                                                      
Revenue
  Gross Revenue                                                 0.00
  Allowances                                                    0.00
                                                         -----------
  Net Revenue                                                   0.00
Operating Expenses
  Air                                                           0.00
  Hotel
                                                                0.00
  Commissions                                                   0.00
  Onboard Expenses                                              0.00
  Passenger Expenses                                          285.75
  Vessel Expenses                                           1,785.17
  Layup/Drydock Expense                                   283,749.00
  Vessel Insurance                                         37,067.04
                                                         -----------
  Total Operating Expenses                                322,886.96
                                                         -----------
  Gross Profit                                           (322,886.96)
SG&A Expenses
  General and Admin Expenses                                2,380.64
  Sales & Marketing                                             0.00
  Pre-Opening Costs                                             0.00
                                                         -----------
  Total SG&A Expenses                                       2,380.64
                                                         -----------
  EBITDA                                                 (325,267.60)
  Depreciation                                                  0.00
                                                         -----------
  Operating Income                                       (325,267.60)
  Other Expense/(Income)
Interest Income                                                 0.00
  Interest Expense                                              0.00
  Equity in Earnings for Sub                                    0.00
  Reorganization expenses                                       0.00
                                                         -----------
  Total Other Expense/(Income)                                  0.00
                                                         -----------
  Net Pretax Income/(Loss)                               (325,267.60)
                                                         -----------
  Income Tax Expense                                            0.00
                                                         -----------
Net Income/(Loss)                                        (325,267.60)
                                                         -----------










                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=21 (MISSISSIPPI QUEEN)



                                                           YTD-Actual              YTD-Actual
                                                             JAN-02                  OCT-01
                                                         --------------          --------------

                                                                           
ASSETS
       Cash and Equivalent                                    10,000.00               91,427.94
       Restricted Cash                                             0.00                    0.00
       Marketable Securities                                       0.00                    0.00
       Accounts Receivable                                    61,448.42               61,448.42
       Inventories                                           321,073.91              387,173.50
       Prepaid Expenses                                            0.00                9,438.70
       Other Current Assets                                        0.00              (14,555.00)
                                                         --------------          --------------
              Total Current Assets                           392,522.33              534,933.56
       Fixed Assets                                       32,530,486.54           32,530,486.54
       Accumulated Depreciation                          (22,994,750.57)         (22,994,750.57)
                                                         --------------          --------------
              Net Fixed Assets                             9,535,735.97            9,535,735.97
       Net Goodwill                                                0.00                    0.00
       Intercompany Due To/From                           19,883,761.21           19,836,574.32
       Net Deferred Financing Fees                                 0.00                    0.00
       Net Investment in Subsidiaries                              0.00                    0.00
       Other Non Current Assets                                    0.00                    0.00
                                                         --------------          --------------
              Total Other Assets                          19,883,761.21           19,836,574.32
                                                         --------------          --------------
              Total Assets                                29,812,019.51           29,907,243.85
                                                         --------------          --------------






                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02
currency USD
Company=21 (MISSISSIPPI QUEEN)



                                                           YTD-Actual              YTD-Actual
                                                             JAN-02                  OCT-01
                                                          -------------           -------------
                                                                            
LIABILITIES
       Accounts Payable                                        4,135.48                9,423.11
       Accrued Liabilities                                 1,218,457.90              935,232.90
       Deposits                                              313,963.90                    0.00
                                                          -------------           -------------
              Total Current Liabilities                    1,536,557.28              944,656.01
       Long Term Debt                                              0.00                    0.00
       Other Long Term Liabilities                                 0.00                    0.00
                                                          -------------           -------------
              Total Liabilities                            1,536,557.28              944,656.01

OTHER
        Liabilities Subject to Compromise                  2,823,587.11            2,827,647.41
                                                          -------------           -------------
               Total Other                                 2,823,587.11            2,827,647.41

 OWNER'S EQUITY
        Common Stock                                               0.00                    0.00
        Add'1 Paid In Capital                              4,571,000.00            4,571,000.00
        Current Net Income (Loss)                           (325,267.60)            (984,131.23)
        Retained Earnings                                 21,206,142.72           22,548,071.66
                                                          -------------           -------------
               Total Owner's Equity                       25,451,875.12           26,134,940.43
                                                          -------------           -------------
               Total Liabilities & Equity                 29,812,019.51           29,907,243.85
                                                          -------------           -------------






                        Great Ocean Cruise Line, L.L.C.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                                  BEGINNING                                       ENDING
AFFILIATE NAME                                CASE NUMBER          BALANCE           DEBITS       CREDITS         BALANCE
                                                                                               
American Classic Voyages Co.                    01-10954        29,473,992.71       17,023.60       600.00     29,490,416.31
AMCV Cruise Operations, Inc.                    01-10967       (21,385,571.10)       1,704.95    18,705.48    (21,402,571.63)
The Delta Queen Steamboat Co.                   01-10970        14,349,980.10      267,666.17           --     14,617,646.27
DQSB II, Inc.                                   01-10974              (877.52)             --           --           (877.52)
Great AQ Steamboat, L.L.C                       01-10960            14,507.47              --           --         14,507.47
Great Pacific NW Cruise Line, L.L.C             01-10977            10,219.55              --           --         10,219.55
Great River Cruise Line, L.L.C                  01-10963            55,591.64              --           --         55,591.64
Cruise America Travel, Incorporated             01-10966        (2,952,311.23)             --           --     (2,952,311.23)
Delta Queen Coastal Voyages, L.L.C              01-10964            85,950.95              --           --         85,950.95
Cape Cod Light, L.L.C                           01-10962             4,980.00              --           --          4,980.00
Cape May Light, L.L.C                           01-10961             1,844.01              --           --          1,844.01
Project America, Inc.                           N/A                 (4,475.20)             --           --         (4,475.20)
Great Hawaiian Properties Corporation           01-10971           (34,964.32)             --           --        (34,964.32)
Great Independence Ship Co.                     01-10969            (2,195.09)             --           --         (2,195 09)
                                                                --------------------------------------------------------------
                                                                19,616,671.97      286,394.72    19,305.48     19,883,761.21
                                                                ==============================================================





GREAT OCEAN CRUISE LINE, L.L.C.                          CASE #: 01-10959 (EIK)

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING




Detail:                                           0-30 Days       31-60 Days        61-90 Days     91+ Days         Total
                                                                                                  

Paymentech Credit Card Processor                                                                   39803.67      39803.67
American Express Credit Card Processor                                                              4694.39       4694.39
Discover Credit Card Processor                                                                      5628.41       5628.41
Diners Credit Card Processor                                                                                            0
Travel Agents                                                                                      11321.95      11321.95
Total                                                 0                0                 0         61448.42      61448.42





                                                                  Attachment # 7








                                MISSISSIPPI QUEEN
                                AP-Steamer Checks

                               21-000-221300-00000
                                 JANUARY, 2002

                                                           
Outstanding CHECKS:

          17103 Garrett TV & Appliances                        (498.75)
          17104 Marvin Ross                                    (957.96)
          17165 Jim Coulson-MCI                                 (50.69)
          17183 S. Baham-Spiegel                                (20.00)
          17190 C. Sisson-J. Sisson                            (199.50)
          17227 Ron VandeVon-Aaron Vandevon                    (228.50)
          17248 A. Sisson-J. Sisson                            (100.00)
          17249 L, Williams-.Cox Cable                          (75.00)
          17263 Tim Skinner-Visa                               (487.21)
          17265 L. Williams-Capitol One                         (70.00)
          17266 L. Williams-Sprint PCS                          (60.00)
          17269 Aaron VandeVen                                 (552.00)
          17272 Jamie Kilb - MNBA                              (150.00)
          17279 Elliot Timms - Bank of America                 (685.87)

          Total per G/L:                                      (4135.48)
                                                              =========







DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C.             CASE NUMBER: 01-10959 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Physical inventory counts have now been performed internally for food
         and beverage. Other inventory amounts have been adjusted to amounts
         contained in the Debtor's computer systems. The Debtor estimates that
         it would cost up to $50,000 to perform physical counts of the
         inventories of The Delta Queen Steamboat Company and its subsidiaries.
         Should physical inventory counts be performed, amounts recorded as
         inventory on the Debtor's books and records could change materially.

2.       The Debtor ceased operating its primary asset, the Mississippi Queen,
         on October 22, 2001. In connection therewith, the Debtor ceased
         recording depreciation and has not adjusted asset values pending the
         outcome of Chapter 11 proceedings. The Debtor has recorded all
         post-petition accruals for its next scheduled lay-up in the current
         period.

3.       Prepaid insurance and accruals for self-insured claims are
         un-reconciled pending receipt and final review of required information.

EX-99.3

                                                                    EXHIBIT 99.3


DEBTOR: GREAT AQ STEAMBOAT, L.L.C.                   CASE NUMBER: 01-10960 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicohlas J. Davison
- -------------------------------
Nicholas J. Davison
Senior Vice President, Finance




DEBTOR: GREAT AQ STEAMBOAT, L.L.C.                   CASE NUMBER: 01-10960 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

Attachment 1              Summary of Bank and Investment Accounts

Attachment 2              Schedule of Receipts and Disbursements

Attachment 3              Bank and Investment Account Statements

Attachment 4              Income Statement

Attachment 5              Balance Sheet

Attachment 6              Summary of Due To/Due From Intercompany Accounts

Attachment 7              Accounts Receivable Aging

Attachment 8              Accounts Payable Detail

Attachment 9              Notes to January 2002 Monthly Operating Report





           Summary Of Bank And Investment & Petty Cash Accounts     Attachment 1
                           Great AQ Steamboat, L.L.C.
Summary                       Case No: 01-10960 (EIK)                 UNAUDITED
Great AQ Steamboat, L.L.C.    For Month of January, 2002



                                        Balances
                            -----------------------------------     Receipts &        Bank
                               Opening               Closing        Disbursements     Statements        Account
Account                     As Of 1/01/02         As Of 1/31/02     Included          Included          Reconciled
- -------                     -------------         -------------     -------------     ----------        ----------
                                                                                         
American Queen Steamer        10,000.00              10,000.00      Yes               No - Not          Yes
Hibernia                                                                              Concentration
Account # - 812-395-343                                                               Account

American Queen                     0.00                   0.00      No-               Not A Bank        No-
Petty Cash                                                          No Activity       Account           No Activity





                                 Receipts & Disbursements         Attachment 2-1
                                Great AQ Steamboat, L.L.C.
R&D - Hibernia - AQ Steamer       Case No: 01-10960 (EIK)              UNAUDITED
                                         Hibernia
                              American Queen Steamer Account
                                 Account # - 812-395-343
                              1 January 02 - 31 January 02


                                                      
Opening Balance - 1 Jan 02
                                     10,000.00

Receipts
                                     90,000.00              From The Delta Queen Steamboat Company -
                                                            Hibernia - DQ Master Cash Account (812-395-335)
                                 -------------
                                     90,000.00              Total Receipts

Disbursements
                                    (90,000.00)             To The Delta Queen Steamboat Company -
                                                            Hibernia - Payroll Account (812-395-289)

                                 -------------
                                    (90,000.00)             Total Disbursements

Closing Balance - 31 Jan 02

                                     10,000.00








                Concentration & Investment Account Statements      Attachment 3
                           Great AQ Steamboat, L.L.C.
Summary                       Case No: 01-10960 (EIK)
Great AQ Steamboat, L.L.C.    For Month Of January, 2002
Attach 2&3


     No Statements Due To No Concentration Or Investment Accounts




                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02


currency USD
  Company=23 (AMERICAN QUEEN)



                                                    PTD-Actual
                                                    JAN-02
                                                    -------------
                                                 
Revenue
  Gross Revenue                                              0.00
  Allowances                                                 0.00
                                                    -------------
  Net Revenue                                                0.00
Operating Expenses
  Air                                                      121.80
  Hotel                                                      0.00
  Commissions                                                0.00
  Onboard Expenses                                           0.00
  Passenger Expenses                                    (2,037.20)
  Vessel Expenses                                       (4,453.10)
  Layup/Drydock Expense                                      0.00
  Vessel Insurance                                      50,114.01
                                                    -------------
  Total Operating Expenses                              43,745.51
                                                    -------------

  Gross Profit                                         (43,745.51)
SG&A Expenses
  General and Admin Expenses                             2,379.64
   Sales & Marketing                                         0.00
   Pre-Opening Costs                                         0.00
                                                    -------------
  Total SG&A Expenses                                    2,379.64
                                                    -------------
  EBITDA                                               (46,125.15)
  Depreciation                                               0.00
                                                    -------------
  Operating Income                                     (46,125.15)

  Other Expense/(Income) Interest Income                     0.00
  Interest Expense                                      21,296.70
  Equity in Earnings for Sub                                 0.00
  Reorganization expenses                                    0.00
                                                    -------------
  Total Other Expense/(Income)                          21,296.70
                                                    -------------
  Net Pretax Income/(Loss)                             (67,421.85)
                                                    -------------
  Income Tax Expense                                         0.00
                                                    -------------
  Net Income/(Loss)                                    (67,421.85)
                                                    -------------




                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02


currency USD
  Company=23 (AMERICAN QUEEN)



                                                    YTD-Actual                 YTD-Actual
                                                    JAN-02                     OCT-01
                                                    --------------             --------------
                                                                         
ASSETS
       Cash and Equivalent                               10,000.00                  27,915.55
       Restricted Cash                                        0.00                       0.00
       Marketable Securities                                  0.00                       0.00
       Accounts Receivable                               42,209.12                 100,111.04
       Inventories                                      380,454.25                 436,746.94
       Prepaid Expenses                                       0.00                   1,126.00
       Other Current Assets                             127,252.72                 189,129.97
                                                    --------------             --------------
              Total Current Assets                      559,916.09                 755,029.50
       Fixed Assets                                  76,449,630.83              76,449,630.83
       Accumulated Depreciation                     (23,703,366.77)            (23,703,366.77)
                                                    --------------             --------------
              Net Fixed Assets                       52,746,264.06              52,746,264.06
       Net Goodwill                                           0.00                       0.00
       Intercompany Due To/From                      11,831,717.53              11,900,053.46
       Net Deferred Financing Fees                      552,974.02                 561,110.86
       Net Investment in Subsidiaries                         0.00                       0.00
       Other Non Current Assets                               0.00                       0.00
                                                    --------------             --------------
              Total Other Assets                     12,384,691.55              12,461,164.32
                                                    --------------             --------------
              Total Assets                           65,690,871.70              65,962,457.88
                                                    --------------             --------------





                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=23 (AMERICAN QUEEN)



                                                    YTD-Actual                 YTD-Actual
                                                    JAN-02                     OCT-01
                                                    --------------             --------------
                                                                         
LIABILITIES
       Accounts Payable                                   2,434.58                   5,469.58
       Accrued Liabilities                              737,461.66                 754,127.79
       Deposits                                               0.00                      25.00
                                                    --------------             --------------
              Total Current Liabilities                 739,896.24                 759,622.37
       Long Term Debt                                         0.00                       0.00
       Other Long Term Liabilities                            0.00                       0.00
                                                    --------------             --------------
              Total Liabilities                         739,896.24                 759,622.37

OTHER
       Liabilities Subject to Compromise             48,582,746.01              48,583,115.71
                                                    --------------             --------------
              Total Other                            48,582,746.01              48,583,115.71

OWNER'S EQUITY

       Common Stock                                       1,000.00                   1,000.00
       Add'1 Paid In Capital                          4,060,000.00               4,060,000.00
       Current Net Income (Loss)                        (67,421.85)               (493,470.71)
       Retained Earnings                             12,374,651.30              13,052,190.51
                                                    --------------             --------------
              Total Owner's Equity                   16,368,229.45              16,619,719.80
                                                    --------------             --------------
              Total Liabilities & Equity             65,690,871.70              65,962,457.88
                                                    --------------             --------------




                           GREAT AQ STEAMBOAT, L.L.C.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                            BEGINNING                                                 ENDING
AFFILIATE NAME                              CASE NUMBER      BALANCE            DEBITS            CREDITS             BALANCE
                                                                                                   
American Classic Voyages Co.                01-10954       22,519,956.94               --        109,757.80        22,410,199.14
AMCV Cruise Operations, Inc.                01-10967      (22,745,106.79)          400.50         10,197.34       (22,754,903.63)
The Delta Queen Steamboat Co.               01-10970       17,006,151.42        99,171.80                --        17,105,323.22
DQSB II, Inc.                               01-10974             (919.60)              --                --              (919.60)
Great Pacific NW Cruise Line, L.L.C         01-10977            5,552.79               --                --             5,552.79
Great River Cruise Line, L.L.C              01-10963         (165,397.01)              --                --          (165,397.01)
Great Ocean Cruise Line, L.L.C              01-10959          (14,507.47)              --                --           (14,507.47)
Cruise America Travel, Incorporated         01-10966       (3,165,198.27)              --                --        (3,165,198.27)
Delta Queen Coastal Voyages, L.L.C          01-10964          144,264.37                                 --           144,264.37
Cape Cod Light, L.L.C                       01-10962         (500,000.00)                                --          (500,000.00)
Cape May Light, L.L.C                       01-10961       (1,640,241.44)              --                --        (1,640,241.44)
Project America, Inc.                       N/A               (15,864.24)              --                --           (15,864.24)
Oceanic Ship Co.                            N/A                (7,408.30)              --                --            (7,408.30)
Project America Ship I, Inc.                N/A               459,787.19               --                --           459,787.19
Great Hawaiian Properties Corporation       01-10971          (22,591.38)              --                --           (22,591.38)
American Hawaiian Properties Corporation    01-10976           (1,496.24)              --                --            (1,496.24)
Great Independence Ship Co.                 01-10969           (4,881.60)              --                --            (4,881.60)
                                            -------------------------------------------------------------------------------------
                                                           11,852,100.37        99,572.30        119,955.14        11,831,717.53
                                            =====================================================================================





GREAT AQ STEAMBOAT, L.L.C.                               CASE #: 01-10960 (EIK)

                                 ATTACHMENT #7

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING




DETAIL:                                        0-30 DAYS     31-60 DAYS     61-90 DAYS     91+ DAYS         TOTAL
                                                                                            
Paymentech Credit Card Processor                                                           32954.01        32954.01
American Express Credit Card Processor                                                      6069.56         6069.56
Discover Credit Card Processor                                                              3185.55         3185.55
Diners Credit Card Processor                                                                                      0
Travel Agents                                                                                                     0

Total                                                  0              0              0     42209.12        42209.12





                                 AMERICAN QUEEN
                                AP-STEAMER CHECKS
                               23-000-221300-00000
                                  JANUARY, 2002

                                  ATTACHMENT 8

                                                                   
OUTSTANDING CHECKS:

          17707 Tashanda Morreno-Amber Hensley                           -60.00
          17732 Peter Levaneur-Sally Ralicki                            -100.00
          17766 Rebecca Patrick-US Dept of Education                    -300.00
          17768 Bryant,Johnson-Kenshell Lang                             -80.00
          17779 Mark King-Rosa Trumble                                  -170.00
          17818 Brian Biondi-Pete Biondi                                -200.00
          17820 Joe Willett-NARP                                         -28.00
          17827 B. Grisham-AG Edwards                                   -100.00
          17828 Mark King                                               -340.00
          17837 Daniel Smith-Anastastia Jones                            -75.00
          17838 Arlene Thomas-Michael Thomas                            -160.00
          17848 J. Hill-Neurosurgical Specialties                       -117.00
          17850 E. Newman - R. Ryan                                     -250.00
          17851 Louis Ford-SJ Beaulieau                                 -225.00
          17852 Jocelyn Beasley-Payoff Voucher                           -95.47
          17853 Ben Vandeven                                             -17.18
          17854 Matt Copeland                                            -16.93
          17863 Julia Hill-Sears                                        -100.00

          Total per G/L:                                              $(2,434.58)
                                                                      ==========







DEBTOR: GREAT AQ STEAMBOAT, L.L.C.                   CASE NUMBER: 01-10960 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.   Physical inventory counts have not been performed. Inventory amounts have
     been adjusted to amounts contained in the Debtor's computer systems. The
     Debtor estimates that it would cost up to $50,000 to perform physical
     counts of the inventories of The Delta Queen Steamboat Company and its
     subsidiaries. Should physical inventory counts be performed, amounts
     recorded as inventory on the Debtor's books and records could change
     materially.

2.   Deferred financing costs represent costs incurred in connection with
     placing pre-petition debt instruments. Deferred financing costs are being
     amortized to interest expense over the term of the applicable debt
     instrument. The Debtor has ceased paying cash interest on its long-term
     debt, and accordingly, has ceased accruing for such payments as interest
     expense.

3.   The Debtor ceased operating its primary asset, the American Queen, on
     October 22, 2001. In connection therewith, the Debtor ceased accruing for
     its next scheduled lay-up, ceased recording depreciation, and has not
     adjusted related lay up accrual or asset values pending the outcome of
     Chapter 11 proceedings.

4.   Prepaid insurance and accruals for self-insured claims are un-reconciled
     pending receipt and final review of required information.

EX-99.4

                                                                    EXHIBIT 99.4


DEBTOR: CAPE MAY LIGHT, L.L.C.                        CASE NUMBER: 01-10961(EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicohlas J. Davison
- -------------------------------
Nicholas J. Davison
Senior Vice President, Finance




DEBTOR: CAPE MAY LIGHT, L.L.C.                       CASE NUMBER: 01-10961(EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

Attachment 1              Summary of Bank and Investment Accounts

Attachment 2              Schedule of Receipts and Disbursements

Attachment 3              Bank and Investment Account Statements

Attachment 4              Income Statement

Attachment 5              Balance Sheet

Attachment 6              Summary of Due To/Due From Intercompany Accounts

Attachment 7              Accounts Receivable Aging

Attachment 8              Accounts Payable Detail

Attachment 9              Notes to January 2002 Monthly Operating Report





       Summary Of Bank, Investment & Petty Cash Accounts           Attachment 1
                             Cape May Light, L.L.C.
Summary                       Case No: 01-10961 (EIK)                 UNAUDITED
Cape May Light, LLC         For Month of January, 2002



                                           Balances
                               -----------------------------------     Receipts &           Bank
                                  Opening               Closing        Disbursements        Statements           Account
Account                        As Of 1/01/02         As Of 1/31/02     Included             Included             Reconciled
- -------                        -------------         -------------     -------------        ----------           ----------
                                                                                                  
American Classic Voyages Go.            0.00                0.00       No -                 No -                 No -
Bank of America                                                        No Activity          No Activity          No Activity
Account # - 0030 6982 7205

Cape May Light Escrow             785,839.00          785,839.00       No - Account Is      No - Account Is      No -
US Dept of Transportation                                              Under Control        Under Control
Maritime Administration                                                Of Maritime          Of Maritime
                                                                       Adminstration        Adminstration -
                                                                                            No Statements

American Classic Voyages Co.            0.00                0.00                            No -                 No -
Bank of America                                                        No Activity          No Activity          No Activity
Account # - 0041 6103 2379

Cape May Light                          0.00                0.00       No -                 No - Not             No -
Petty Cash                                                             No Activity          A Bank               No Activity
                                                                                            Account





                             Receipts & Disbursements              Attachment 2
Summary                      Cape May Light, L.L.C.
Cape May Light, L.L.C.        Case No: 01-10961 (EIK)
Attach 2 & 3               For Month Of January, 2002


     No Receipts Or Disbursements Due To No Bank Or Investment Accounts



                 Concentration & Investment Account Statements      Attachment 3
                             Cape May Light, L.L.C.
Summary                      Case No: 01-10961 (EIK)
Cape May Light, L.L.C.      For Month Of January, 2002
Attach 2&3


     No Statements Due To No Concentration Or Investment Accounts




                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02


currency USD
  Company=31 (CAPE MAY LIGHT)



                                                    PTD-Actual
                                                    JAN-02
                                                    -------------
                                                 
Revenue
  Gross Revenue                                               0.00
  Allowances                                                  0.00
                                                    --------------
  Net Revenue                                                 0.00

Operating Expenses
  Air                                                         0.00
  Hotel                                                       0.00
  Commissions                                                 0.00
  Onboard Expenses                                            0.00
  Passenger Expenses                                     10,341.72
  Vessel Expenses                                         1,174.89
  Layup/Drydock Expense                                       0.00
  Vessel Insurance                                       51,775.34
                                                    --------------
  Total Operating Expenses                               63,291.95
                                                    --------------
  Gross Profit                                          (63,291.95)
SG&A Expenses
  Sales & Marketing                                           0.00
  Pre-Opening Costs                                           0.00
                                                    --------------
  Total SG&A Expenses                                         0.00
                                                    --------------
  EBITDA                                                (63,291.95)
  Depreciation                                                0.00
                                                    --------------
  Operating Income                                      (63,291.95)

  Other Expense/ (Income)
  Interest Income                                             0.00
  Interest Expense                                        8,427.01
  Equity in Earnings for Sub                                  0.00
  Reorganization expenses                                     0.00
                                                    --------------
  Total Other Expense/ (Income)                           8,427.01
                                                    --------------
  Net Pretax Income/(Loss)                              (71,718.96)
                                                    --------------
Income Tax Expense                                            0.00
                                                    --------------
  Net Income/ (Loss)                                    (71,718.96)
                                                    --------------




                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=31 (CAPE MAY LIGHT)



                                                    YTD-Actual                      YTD-Actual
                                                    JAN-02                          OCT-01
                                                    ----------------                ----------------
                                                                              
ASSETS
       Cash and Equivalent                                      0.00                       29,003.54
       Restricted Cash                                    785,839.00                      785,839.00
       Marketable Securities                                    0.00                            0.00
       Accounts Receivable                                 15,651.15                       15,651.15
       Inventories                                        709,924.11                      750,424.74
       Prepaid Expenses                                    69,343.83                       71,343.83
       Other Current Assets                                     0.00                            0.00
                                                    ----------------                ----------------
          Total Current Assets                          1,580,758.09                    1,652,262.26

       Fixed Assets                                    42,033,338.72                   42,033,338.72
       Accumulated Depreciation                          (550,825.00)                    (550,825.00)
                                                    ----------------                ----------------
          Net Fixed Assets                             41,482,513.72                   41,482,513.72
       Net Goodwill                                             0.00                            0.00
       Intercompany Due To/From                       (12,372,407.93)                 (12,278,102.19)
                                                    ----------------                ----------------
       Net Deferred Financing Fees                      2,530,259.99                    2,559,333.82
       Net Investment in Subsidiaries                           0.00                            0.00
       Other Non Current Assets                                 0.00                            0.00
                                                    ----------------                ----------------
          Total Other Assets                           (9,842,147.94)                  (9,718,768.37)
                                                    ----------------                ----------------
          Total Assets                                 33,221,123.87                   33,416,007.61
                                                    ----------------                ----------------





                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=31 (CAPE MAY LIGHT)



                                                    YTD-Actual                     YTD-Actual
                                                    JAN-02                         OCT-01
                                                    ---------------                ---------------
                                                                             
LIABILITIES
      Accounts Payable                                     1,224.10                      18,286.96
       Accrued Liabilities                               453,944.90                     454,710.16
       Deposits                                                0.00                           0.00
                                                    ---------------                ---------------
             Total Current Liabilities                   455,169.00                     472,997.12
       Long Term Debt                                          0.00                           0.00
       Other Long Term Liabilities                             0.00                           0.00
                                                    ---------------                ---------------
             Total Liabilities                           455,169.00                     472,997.12

OTHER
       Liabilities Subject to Compromise              39,927,754.81                  39,937,580.57
                                                    ---------------                ---------------
              Total Other                             39,927,754.81                  39,937,580.57
OWNER'S EQUITY
       Common Stock                                            0.00                           0.00
       Add'1 Paid In Capital                                   0.00                           0.00
       Current Net Income (Loss)                         (71,718.96)                 (2,857,115.19)
       Retained Earnings                              (7,090,080.98)                 (4,137,454.89)
                                                    ---------------                ---------------
              Total Owner's Equity                    (7,161,799.94)                 (6,994,570.08)
                                                    ---------------                ---------------
              Total Liabilities & Equity              33,221,123.87                  33,416,007.61
                                                    ---------------                ---------------




                           CAPE MAY LIGHT, L.L.C.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                            BEGINNING                                                 ENDING
AFFILIATE NAME                              CASE NUMBER      BALANCE            DEBITS            CREDITS             BALANCE
                                                                                                   
American Classic Voyages Co.                01-10954          659,140.66         4,448.65         5,929.74            657,659.57
AMCV Cruise Operations, Inc.                01-10967       (7,971,800.32)           10.00        32,121.40         (8,003,911.72)
The Delta Queen Steamboat Co.               01-10970        8,452,294.56        14,153.55               --          8,466,448.11
DQSB II, Inc.                               01-10974              (82.74)              --               --                (82.74)
Great AQ Steamboat, L.L.C                   01-10960        1,640,241.44               --               --          1,640,241.44
Great Pacific NW Cruise Line, L.L.C         01-10977           (5,380.67)              --               --             (5,380.67)
Great River Cruise Line, L.L.C              01-10963          (31,806.50)        6,892.55         8,630.00            (33,543.95)
Great Ocean Cruise Line, L.L.C              01-10959           (1,844.01)              --               --             (1,844.01)
Cruise America Travel, Incorporated         01-10966       (1,053,205.61)              --         1,355.63         (1,054,561.24)
Delta Queen Coastal Voyages, L.L.C          01-10964          200,367.38                                --            200,367.38
Cape Cod Light, L.L.C                       01-10962           (8,675.31)              --               --             (8,675.31)
Project America, Inc.                       N/A               (57,268.50)              --               --            (57,268.50)
Oceanic Ship Co.                            N/A               13, 839.73               --               --             13,839.73
Project America Ship II, Inc.               N/A               412,316.64               --               --           412, 316.64
Ocean Development Co.                       01-10972      (14,604,239.22)          528.00           528.00        (14,604,239.22)
Great Hawaiian Properties Corporation       01-10971            4,188.00               --               --              4,188.00
Cat II, Inc.                                01-10968            2,038.56               --               --              2,038.56
                                                          ------------------------------------------------------------------------
                                                          (12,349,875.91)       26,032.75        48,564.77        (12,372,407.93)
                                                          ========================================================================






CAPE MAY LIGHT, L.L.C.                                   CASE #: 01-10961 (EIK)


                                                                  ATTACHMENT #7

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING




DETAIL:                                        0-30 DAYS     31-60 DAYS     61-90 DAYS     91+ DAYS         TOTAL
                                                                                            
Paymentech Credit Card Processor                                                           11379.68         11379.68
American Express Credit Card Processor                                                      3169.29          3169.29
Discover Credit Card Processor                                                               1025.8           1025.8
Diners Credit Card Processor                                                                  76.38            76.38
Travel Agents                                                                                                      0
Total                                               0                0             0       15651.15         15651.15





                                 CAPE MAY LIGHT
                                AP-STEAMER CHECKS
                               31-000-221300-00000
                                  JANUARY, 2OO2

                                                                   ATTACHMENT 8

                                                       
OUTSTANDING CHECKS:
           1091 Multi-Marques                             $    (50.00)
           1162 K. McKnight-MeRae's                       $   (100.00)
           1166 K. MciCnight-Gordon's                     $   (100.00)
           1192 Donald Viviet-Capitol One                 $    (40.00)
           1195 Donald Vivier-Retailer Nat. Bank          $    (20.00)
           1199 J. Grannan                                $   (900.00)
           1200 Joycelyn Owens-Brats paid out             $    (14.10)

           Total per G/L:                                 $ (1,224.10)
                                                          ===========







DEBTOR: CAPE MAY LIGHT, L.L.C.                        CASE NUMBER: 01-10961(EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Physical inventory counts have not been performed. Inventory amounts
         have been adjusted to amounts contained in the Debtor's computer
         systems. The Debtor estimates that it would cost up to $50,000 to
         perform physical counts of the inventories of The Delta Queen Steamboat
         Company and its subsidiaries. Should physical inventory counts be
         performed, amounts recorded as inventory on the Debtor's books and
         records could change materially.

2.       Deferred financing costs represent costs incurred in connection with
         placing pre-petition debt instruments. Deferred financing costs are
         being amortized to interest expense over the term of the applicable
         debt instrument. The Debtor has ceased paying cash interest on its
         long-term debt, and accordingly, has ceased accruing for such payments
         as interest expense.

3.       The Debtor ceased operating its primary asset, the Cape May Light, on
         October 22, 2001. In connection therewith, the Debtor ceased accruing
         for its next scheduled lay-up, ceased recording depreciation, and has
         not adjusted related lay up accrual or asset values pending the outcome
         of Chapter 11 proceedings.

4.       Restricted cash represents escrowed proceeds from debt issued to
         finance the construction of the Cape May Light. The debt is guaranteed
         by, and the restricted cash is controlled by, the U.S. Maritime
         Administration. This account was last reconciled on October 22, 2001.
         The trustee has not provided to the Debtor additional information
         needed to reconcile the account since that date.

5.       Prepaid insurance and accruals for self-insured claims are
         un-reconciled pending receipt and final review of required information.

EX-99.5

                                                                    EXHIBIT 99.5


DEBTOR: CAPE COD LIGHT, L.L.C.                      CASE NUMBER: 01-10962 (EIK)



                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED



In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



Nicholas J. Davison
- ----------------------------
Nicholas J. Davison
Senior President, Finance




DEBTOR: CAPE COD LIGHT, L.L.C.                     CASE NUMBER: 01-10962 (EIK)



                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

Attachment 1               Summary of Bank and Investment Accounts

Attachment 2               Schedule of Receipts and Disbursements

Attachment 3               Bank and Investment Account Statements

Attachment 4               Income Statement

Attachment 5               Balance Sheet

Attachment 6               Summary of Due To/Due From Intercompany Accounts

Attachment 7               Accounts Receivable Aging

Attachment 8               Accounts Payable Detail

Attachment 9               Notes to January 2002 Monthly Operating Report








                   Summary Of Bank And Investment Accounts        Attachment 1
                             Cape Cod Light, L.L.C.
Summary                      Case No: 01-10962 (EIK)                  UNAUDITED
Cape Cod Light, _LC          For Month Of January,




                                             Balances
                                  -----------------------------     Receipts &         Bank
                                     Opening         Closing        Disbursements      Statements           Account
Account                           As Of 1/01/02   As Of 1/31/02     Included           Included             Reconciled
- -------                           --------------  -------------     --------------     --------             ----------
                                                                                             
Cape Cod Light Escrow             8,158,727.80    8,158,727.80      No - Account Is    No - Account Is      No
US Dept Of Transportation                                           Under Control      Under Control
Maritime Administration                                             Of Maritime        Of Maritime
                                                                    Adminstration      Adminstration -
                                                                                       No Statements





                              Receipts & Disbursements             Attachment 2
                              Cape Cod Light, L.L.C.
Summary                      Case No: 01-10962 (EIK)
Cape Cod Light, LLC         For Month Of January, 2002
Attach 2&3

         No Receipts Or Disbursements Due To No Bank Or Investment Accounts








                 Concentration & Investment Account Statements    Attachment 3
                             Cape Cod Light, L.L.C.
Summary                     Case No: 01-10962 (EIK)
Cape Cod light, LLC         For Month Of January, 2002
Attach 2&3

         No Statements Due To No Concentration Or Investment Accounts



                                                                    ATTACHMENT 4


                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

currency USD
  Company=32 (CAPE COD LIGHT)




                                                                   PTD-Actual
                                                                     JAN-02
                                                                  ------------
                                                               
Revenue
  Gross Revenue                                                        0.00
  Allowances                                                           0.00
                                                                  ---------
  Net Revenue                                                          0.00
Operating Expenses
  Air                                                                  0.00
  Hotel                                                                0.00
  Commissions                                                          0.00
  Onboard Expenses                                                     0.00
  Passenger Expenses                                                   0.00
  Vessel Expenses                                                      0.00
  Layup/Drydock Expense                                                0.00
  Vessel Insurance                                                     0.00
                                                                  ---------
  Total Operating Expenses                                             0.00
                                                                  ---------
  Gross Profit                                                         0.00
SG&A Expenses
   Sales & Marketing                                                   0.00
   Pre-Opening Costs                                                 990.00
                                                                  ---------
  Total SG&A Expenses                                                990.00
                                                                  ---------
  EBITDA
                                                                   (990.00)
                                                                  ---------
  Depreciation                                                         0.00
                                                                  ---------
  Operating Income                                                  (990.00)
  Other Expense/(Income)
  Interest Income                                                      0.00
  Interest Expense                                                 8,616.94
  Equity in Earnings for Sub                                           0.00
  Reorganization expenses                                              0.00
  Total Other Expense/(Income)                                     8,616.94
                                                                  ---------
  Net Pretax Income/(Loss)                                        (9,606.94)
                                                                  ---------
  Income Tax Expense                                                   0.00
                                                                  ---------
  Net Income/(Loss)                                               (9,606.94)
                                                                  ---------




                                                                    ATTACHMENT 5



                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
Company=32 (CAPE COD LIGHT)




                                                               YTD-Actual                  YTD-Actual
                                                                  JAN-02                     OCT-01
                                                             ---------------             ---------------
                                                                                   
ASSETS
       Cash and Equivalent                                              0.00                        0.00
       Restricted Cash                                          8,158,728.00                8,158,728.00
       Marketable Securities                                            0.00                        0.00
       Accounts Receivable                                              0.00                       42.00
       Inventories                                                217,563.69                  217,563.69
       Prepaid Expenses                                            69,900.00                   74,900.00
       Other Current Assets                                             0.00                        0.00
                                                             ---------------             ---------------
              Total Current Assets                              8,446,191.69                8,451,233.69
       Fixed Assets                                            35,993,283.77               35,993,283.77
       Accumulated Depreciation                                         0.00                        0.00
                                                             ---------------             ---------------
              Net Fixed Assets                                 35,993,283.77               35,993,283.77
       Net Goodwill                                                     0.00                        0.00
       Intercompany Due To/From                               (13,326,245.98)             (13,322,516.26)
       Net Deferred Financing Fees                              2,602,317.20                2,630,465.87
       Net Investment in Subsidiaries                                   0.00                        0.00
       Other Non Current Assets                                         0.00                        0.00
                                                             ---------------             ---------------
              Total Other Assets                              (10,723,928.78)             (10,692,050.39)
                                                             ---------------             ---------------
              Total Assets                                     33,715,546.68               33,752,467.07
                                                             ---------------             ---------------





                                                             ATTACHMENT 5 (CONT)




                            AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02


currency USD
Company=32 (CAPE COD LIGHT)




                                                           YTD-Actual                   YTD-Actual
                                                             JAN-02                       OCT-01
                                                         ---------------              ---------------
                                                                                
LIABILITIES
       Accounts Payable                                             0.00                         0.00
       Accrued Liabilities                                     75,000.00                    75,000.00
       Deposits                                                     0.00                         0.00

                                                         ---------------              ---------------
              Total Current Liabilities                        75,000.00                    75,000.00
       Long Term Debt                                               0.00                         0.00
       Other Long Term Liabilities                                  0.00                         0.00
                                                         ---------------              ---------------
              Total Liabilities                                75,000.00                    75,000.00

OTHER
       Liabilities Subject to Compromise                   40,041,676.00                40,041,676.00
                                                         ---------------              ---------------
              Total Other                                  40,041,676.00                40,041,676.00

OWNER'S EQUITY

       Common Stock                                                 0.00                         0.00
       Add'1 Paid In Capital                                        0.00                         0.00
       Current Net Income (Loss)                               (9,606.94)               (4,661,527.14)
       Retained Earnings                                   (6,391,522.38)               (1,702,681.79)
                                                         ---------------              ---------------
               Total Owner's Equity                        (6,401,129.32)               (6,364,208.93)
                                                         ---------------              ---------------
               Total Liabilities & Equity                  33,715,546.68                33,752,467.07
                                                         ---------------              ---------------





                            Cape Code Light, L.L.C.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002




                                                                   BEGINNING                                          ENDING
AFFILIATE NAME                                CASE NUMBER           BALANCE         DEBITS       CREDITS             BALANCE
- --------------                                -----------           -------         ------       -------             -------
                                                                                                 
American Classic Voyages Co.                  01-10954           1,670,131.78          --            --           1,670,131.78
AMCV Cruise Operations, Inc.                  01-10967          (3,947,213.20)         --        990.00          (3,948,203.20)
The Delta Queen Steamboat Co.                 01-10970           1,436,292.11          --            --           1,436,292.11
DQSB II, Inc.                                 01-10974                 (82.74)         --            --                 (82.74)
Great AQ Steamboat, L.L.C.                    01-10960             500,000.00          --            --             500,000.00
Great River Cruise Line, L.L.C.               01-10963                 270.05          --            --                 270.05
Great Ocean Cruise Line, L.L.C.               01-10959              (4,980.00)         --            --              (4,980.00)
Cruise America Travel, Incorporated           01-10966              (2,706.08)         --            --              (2,706.08)
Delta Queen Coastal Voyages, L.L.C.           01-10964               1,302.19          --            --               1,302.19
Cape May Light, L.L.C.                        01-10961               8,675.31          --            --               8,675.31
Project America, Inc.                         N/A                  (52,500.00)         --            --             (52,500.00)
Oceanic Ship Co.                              N/A                   42,930.22          --            --              42,930.22
Project America Ship II, Inc.                 N/A                   97,472.74          --            --              97,472.74
Ocean Development Co.                         01-10972         (13,075,170.55)  73,481.41     73,481.41         (13,075,170.55)
American Hawaiian Properties Corporation      01-10976             (31,777.30)         --            --             (31,777.30)
Great Independence Ship Co.                   01-10969              32,099.49          --            --              32,099 49
                                                             ----------------   ---------    ----------        ---------------
                                                               (13,325,255.98)  73,481.41     74 471.41         (13,326,245 98)
                                                             ================   =========    ==========        ===============




                             CAPE COD LIGHT, L.L.C.




                            ACCOUNTS RECEIVABLE AGING
                             AS OF JANUARY 31, 2002



                                  ATTACHMENT 7



                                 NOT APPLICABLE



                             CAPE COD LIGHT, L.L.C.



                             ACCOUNTS PAYABLE DETAIL
                             AS OF JANUARY 31, 2002




                                  ATTACHMENT 8

                                 NOT APPLICABLE



DEBTOR: CAPE COD LIGHT, L.L.C.                      CASE NUMBER: 01-10962 (EIK)


                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Physical inventory counts have not been performed. Inventory amounts
         have been adjusted to amounts contained in the Debtor's computer
         systems. The Debtor estimates that it would cost up to $50,000 to
         perform physical counts of the inventories of The Delta Queen Steamboat
         Company and its subsidiaries. Should physical inventory counts be
         performed, amounts recorded as inventory on the Debtor's books and
         records could change materially.

2.       Deferred financing costs represent costs incurred in connection with
         placing pre- petition debt instruments. Deferred financing costs are
         being amortized to interest expense over the term of the applicable
         debt instrument. The Debtor has ceased paying cash interest on its
         long-term debt, and accordingly, has ceased accruing for such payments
         as interest expense.

3.       Restricted cash represents escrowed proceeds from debt issued to
         finance the construction of the Cape Cod Light. The debt is guaranteed
         by, and the restricted cash is controlled by, the U.S. Maritime
         Administration. This account was last reconciled on October 22, 2001.
         The trustee has not provided to the Debtor additional information
         needed to reconcile the account since that date.

4.       The Cape Cod Light was under construction at the time the Debtor filed
         for Chapter 11 bankruptcy protection. The vessel is not complete and
         remains at the facilities of the shipbuilder, Atlantic Marine, Inc.



DEBTOR: CAPE COD LIGHT, L.L.C.                      CASE NUMBER: 01-10962 (EIK)



                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT


5.       Accrued liabilities contains an accrual for vessel lay-up. The Debtor
         has ceased recording further accruals pending the outcome of Chapter 11
         proceedings.

6.       Prepaid insurance and accruals for self-insured claims are
         un-reconciled pending receipt and final review of required information.

EX-99.6

                                                                   EXHIBIT 99.6


DEBTOR: GREAT RIVER CRUISE LINE, L.L.C.            CASE NUMBER: 01-10963 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                      AND
                            FOR THE MONTH THEN ENDED


In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicholas J. Davision
- ------------------------------
Nicholas J. Davision
Senior Vice President, Finance





DEBTOR: GREAT RIVER CRUISE LINE, L.L.C.             CASE NUMBER: 01-10963 (EIK)



                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                      AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

Attachment 1               Summary of Bank and Investment Accounts

Attachment 2               Schedule of Receipts and Disbursements

Attachment 3               Bank and Investment Account Statements

Attachment 4               Income Statement

Attachment 5               Balance Sheet

Attachment 6               Summary of Due To/Due From Intercompany Accounts

Attachment 7               Accounts Receivable Aging

Attachment 8               Accounts Payable Detail

Attachment 9               Notes to January 2002 Monthly Operating Report





                Summary Of Bank, Investment & Petty Cash Accounts  Attachment 1
Summary                 Great River Cruise Line, L.L.C.
Great River                 Case No: 01-10963 (EIK)                   UNAUDITED
Cruise Line, LLC         For Month Of January. 2002




                                    Balances
                           ------------------------------       Receipts &            Bank
                             Opening            Closing         Disbursements       Statements          Account
Account                    As Of 1101102    As Of 1131102       Included              Included          Reconciled
- -------                    -------------    -------------       --------------     -------------        ----------
                                                                                         
Delta Queen Steamer          41,640.43        29,501.37            Yes             No - Not             Yes
Hibernia                                                                           Concentration
Account # - 812-395-270                                                                                 Account

Delta Queen                  52,167.40             0.00            Yes             Not A Bank           Yes
Petty Cash                                                                         Account






                            Receipts & Disbursements             Attachment 2-1
                         Great River Cruise Line. L.L.C.
R&D -                         Case No: 01-10963 (EIK)                 UNAUDITED
Hibemia -                           Hibernia
DQ Steamer                    Delta Queen Steamer
                            Account # - 812-395-270
                          1 January 02 - 31 January 02


                                                
Opening Balance - 1 Jan 02
                                41,640.43
Receipts
                                70,000.00             From The Delta Queen Steam Boat Co. -
                                                        Hibernia - DQSC Master Cash - Account (812-395-335)
                              -----------
                                70,000.00             Total Receipts

Disbursements
                                (5,227.07)            Consulting
                                (1,644.29)            DQ Dockage Fees
                               (12,146.87)            DQ Food & Beverage
                                (4,417.52)            DQ Non-Food & Beverage Materials
                                (7,666.39)            DQ Services
                                  (381.26)            Employee Pre-Petition Check Replacement
                                (6,623.50)            DQ Shore Excursion
                                (3,906.60)            Temporary Help
                                (9,731.95)            Non-DQ Vessel Expense
                                  (145.18)            New Orleans Office
                                  (248.43)            Misc
                               (30,000.00)            To AMCV Cruise Operations - New Orleans Office
                                                        Petty Cash
                              -----------
                               (82,139.06)            Total Disbursements

Closing Balance - 31 Jan 02
                              29,501.37







                             Receipts & Disbursements            Attachment 2-2
                        Great River Cruise Line. L.L,C.
R&D -                       Case No: 01-10963 (EIK)                   UNAUDITED
DQ Petty Cash                     Delta Queen
                                  Petty Cash
                                Account # - NA
                          1 January 02 - 31 January 02


                                                   
Opening Balance - 1 Jan 02

                                    52,167.40

Receipts

                                    12,689.54            Onboard Receipts

                                   ----------
                                    12,689.54            Total Receipts
Disbursements
                                   (12,088.69)           To AMCV Cruise Ops - New Orleans Office
                                                           Petty Cash
                                   (42,202.48)           To AMCV Cruise Ops - First Union -
                                                         Master Cash - Account (2090002602362)
                                   (10,565.77)             Operations

                                   ----------
                                   (64,856.94)           Total Disbursements

Closing Balance - 31 Jan 02
                                         0.00







                  Concentration & Investment Account Statements    Attachment 3
Summary                 Great River Cruise Line. L.L.C.
Great River                 Case No: 01-10963 (EIK)
Cruise Line, LLC          For Month Of January, 2002
Attach 2&3


          No Statements Due To No Concentration Or Investment Accounts





                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4                Page: 1
                             Current Period: JAN-02

currency USD
  Company=22 (DELTA QUEEN)




                                             PTD-Actual
                                              JAN-02
                                            -----------

                                         
Revenge
  Gross Revenue                              138,914.91
  Allowances                                     (87.42)
                                            -----------
  Net- Revenue                               138,827.49
Operating Expenses
  Air                                            398.29
  Hotel                                            0.00
  Commissions                                 11,062.94
  Onboard Expenses                            80,281.45
  Passenger Expenses                         200,059.47
  Vessel Expenses                             72,389.22
  Layup/Drydock Expense                      209,499.00
  Vessel Insurance                            14,351.63
                                            -----------
  Total Operating Expenses                   588,042.00
                                            -----------
  Gross Profit                              (449,214.51)
SG&A Expenses
  General and Admin Expenses                   2,380.63
   Sales & Marketing                               0.00
   Pre-Opening Costs                               0.00
                                            -----------
  Total SG&A Expenses                          2,380.63
                                            -----------
  EBITDA                                    (451,595.14)
  Depreciation                               126,165.24
                                            -----------
  Operating Income                          (577,760.38)
  Other Expense/(Income)
  Interest Income                                  0.00
  Interest Expense                                 0.00
  Equity in Earnings for Sub                       0.00
  Reorganization expenses                          0.00
                                            -----------
  Total Other Expense/(Income)                     0.00
                                            -----------
  Net Pretax Income/(Loss)                  (577,760.38)
                                            -----------
  Income Tax Expense                               0.00
                                            -----------
  Net Income/(Loss)                         (577,760.38)
                                            -----------






                             AMCV US Sh1, OF BOOKS
                           BALANCE SHEET - ATTACHMENT 5                 Page: 1
                             Current Period: JAN-02


currency USD
Company=22 (DELTA QUEEN)




                                                     YTD-Actual                YTD-Actual
                                                       JAN-02                    OCT-01
                                                   --------------             -------------

                                                                        
ASSETS
       Cash and Equivalent                              17,096.41                 64,522.98
       Restricted Cash                                       0.00                      0.00
       Marketable Securities                                 0.00                      0.00
       Accounts Receivable                             201,120.46                 33,451.42
       Inventories                                     171,291.00                270,331.59

       Prepaid Expenses
                                                             0.00                 37,922.40
       Other Current Assets                                  0.00                 14,555.00
                                                   --------------             -------------
              Total Current Assets                     389,507.87                420,783.39
       Fixed Assets                                 27,296,694.44             27,296,694.44
       Accumulated Depreciation                    (15,443,895.69)           (15,065,339.51)
                                                   --------------             -------------
              Net Fixed Assets                      11,852,798.75             12,231,354.93
       Net Goodwill                                          0.00                      0.00
       Intercompany Due To/From                    (10,561,095.10)            (9,202,583.95)
       Net Deferred Financing Fees                           0.00                      0.00
       Net Investment in Subsidiaries                        0.00                      0.00
       Other Non Current Assets                              0.00                      0.00
                                                   --------------             -------------
              Total Other Assets                   (10,561,095.10)             9,202,583.95)
                                                   --------------             -------------
              Total Assets                           1,681,211.52              3,449,554.37
                                                   --------------             -------------






                               AMCV US Szr OF BOOKS
                           BALANCE SHEET - ATTACHMENT 5                 Page: 2
                             Current Period: JAN-02


currency USD
Company=22 (DELTA QUEEN)




                                                      YTD-Actual                YTD-Actual
                                                        JAN-02                    OCT-01
                                                     ------------              ------------

                                                                         
LIABILITIES
       Accounts Payable                                    989.27                  5,758.93
       Accrued Liabilities                             901,146.53                715,443.75
       Deposits                                        201,083.60              2,045,629.83
                                                     ------------              ------------
             Total Current Liabilities               1,103,219.40              2,766,832.51
       Long Term Debt                                        0.00                      0.00
       Other Long Term Liabilities                           0.00                      0.00
                                                     ------------              ------------
             Total Liabilities                       1,103,219.40              2,766,832.51

OTHER
       Liabilities Subject to Compromise               540,730.95                490,370.44
                                                     ------------              ------------
              Total other                              540,730.95                490,370.44
OWNER'S EQUITY

       Common Stock                                          0.00                      0.00
       Add'1 Paid In Capital                         3,701,000.00              3,701,000.00
       Current Net Income (Loss)                      (577,760.38)            (2,206,220.03)
       Retained Earnings                            (3,085,978.45)            (1,302,428.55)
                                                     ------------              ------------
              Total Owner's Equity                      37,261.17                192,351.42
                                                     ------------              ------------
              Total Liabilities & Equity             1,681,211.52              3,449,554.37
                                                     ------------              ------------






                        Great River Cruise Line, L.L.C.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002




                                                          BEGINNING                                             ENDING
AFFILIATE NAME                            CASE NUMBER      BALANCE            DEBITS         CREDITS            BALANCE
                                                                                            
American Classic Voyages Co.                01-10954    (6,365,087.79)       53,546.92      342,923.03      (6,654,463.90)
AMCV Cruise Operations, Inc.                01-10967    (9,469,140.70)      194,025.20      169,948.83      (9,445,064.33)
The Delta Queen Steamboat Co.               01-10970     6,712,972.51       472,662.46      351,029.04       6,834,605.93
DQSB II, Inc.                               01-10974          (367.05)              --              --            (367.05)
Great AQ Steamboat, L.L.C                   01-10960       165,397.01               --              --         165,397.01
Great Pacific NW Cruise Line, L.L.C         01-10977         2,052.08               --              --           2,052.08
Great Ocean Cruise Line, L.L.C              01-10959       (55,591.64)              --              --         (55,591.64)
Cruise America Travel, Incorporated         01-10966    (1,393,616.44)      333,719.64      357,649.40      (1,417,546.20)
Delta Queen Coastal Voyages, L.L.C          01-10964        18,978.71               --              --          18,978.71
Cape Cod Light, L.L.C                       01-10962          (270.05)              --              --            (270.05)
Cape May Light, L.L.C                       01-10961        31,806.50         8,630.00        6,892.55          33,543.95
Project America, Inc.                       N/A            (11,144.65)              --              --         (11,144.65)
Oceanic Ship Co.                            N/A               (257.75)              --              --            (257.75)
Great Hawaiian Properties Corporation       01-10971       (41,555.00)              --              --         (41,555.00)
American Hawaiian Properties Corporation    01-10976         9,562.38               --              --           9,562.38
Cat 1I, Inc.                                01-10968         1,025.41               --              --           1,025.41
                                                       ------------------------------------------------------------------
                                                       (10,395,236.47)    1,062,584.22    1,228,442.85     (10,561,095.10)
                                                       ==================================================================






GREAT RIVER CRUISE LINE, L.L.C.CASE #:                           01-10963 (EIK)

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING




DETAIL:                                         0-30 DAYS       31-60 DAYS     61-90 DAYS     91+ DAYS           TOTAL

                                                                                                 
Paymentech Credit Card Processor                 17263.57        41929.85       59065.48       7557.41          125816.31
American Express Credit Card Processor            1099.69         6742.52       11931.67       1459.64           21233.52
Discover Credit Card Processor                     523.59         5468.43        4368.86        900.97           11261.85
Diners Credit Card Processor                                                                    205.34             205.34
Travel Agents                                                     8993.11                     33610.33           42603.44
Total                                            18886.85        63133.91       75366.01      43733.69          201120.46


                                                                 ATTACHMENT # 7





                              DELTA QUEEN
                              AP - STEAMER CHECKS
                              22-000-221300-00000

                              JANUARY, 2002


O/S Checks

                                                             
     12333 M. Richardson - Walmart                                    40
     12335 J Blasier - Capitol One                                    20
     12385 J Blasier - K. Hansen                                     150
     12399 Peoria Historical Society                                 120
     12402 Anthony May - Tracey Dodson                               200
     12405 Anthony May - Felicia Tanner                              300
     12408 Peoria Historical Society                                 160
                        TTL                                          990

     





DEBTOR: GREAT RIVER CRUISE LINE, L.L.C.             CASE NUMBER: 01-10963 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                      AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                   NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Physical inventory counts have now been performed internally for food
         and beverage. Other inventory amounts have been adjusted to amounts
         contained in the Debtor's computer systems. The Debtor estimates that
         it would cost up to $50,000 to perform physical counts of the
         inventories of The Delta Queen Steamboat Company and its subsidiaries.
         Should physical inventory counts be performed, amounts recorded as
         inventory on the Debtor's books and records could change materially.

2.       Prepaid insurance and accruals for self-insured claims are
         un-reconciled pending receipt and final review of required
         information.

3.       The Debtor continued to operating its primary asset, the Delta Queen,
         through January 4, 2002. The Debtor has not adjusted asset values
         pending the outcome of Chapter 11 proceedings. The Debtor has
         continued to record depreciation expense and recorded all
         post-petition accruals for its next scheduled lay-up in the current
         period.

EX-99.7

                                                                    EXHIBIT 99.7

DEBTOR: DELTA QUEEN COASTAL VOYAGES, L.L.C.         CASE NUMBER: 01-10964 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.




/s/ NICHOLAS J. DAVISON
- -------------------------------------
Nicholas J. Davison
Senior Vice President, Finance




DEBTOR: DELTA QUEEN COASTAL VOYAGES, L.L.C.         CASE NUMBER: 01-10964 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS
                                    --------

                                 
Attachment 1                        Summary of Bank and Investment Accounts

Attachment 2                        Schedule of Receipts and Disbursements

Attachment 3                        Bank and Investment Account Statements

Attachment 4                        Income Statement

Attachment 5                        Balance Sheet

Attachment 6                        Summary of Due To/Due From Intercompany Accounts

Attachment 7                        Accounts Receivable Aging

Attachment 8                        Accounts Payable Detail

Attachment 9                        Notes to January 2002 Monthly Operating Report






                     Summary Of Bank And Investment Accounts       Attachment 1
                      Delta Queen Coastal Voyages, L.L.C.
Summary                       Case No: 01-10964 (EIK)                 Unaudited
Delta Queen                 For Month Of January, 2002
Coastal Voyages



                                       Balances
                           --------------------------------     Receipts &         Bank
                              Opening           Closing         Disbursements      Statements      Account
Account                    As Of 1/01/02      As Of 1/31/02     Included           Included        Reconciled
- -------                    -------------     --------------     -------------      -----------     ----------
                                                                                    
No Bank Or Investment            NA               NA                NA                 NA            NA
Accounts






                            Receipts & Disbursements               Attachment 2
                      Delta Queen Coastal Voyages, L.L.C.
Summary                      Case No: 01-10964 (EIK)
Delta Queen                For Month Of January, 2002
Coastal Voyag
Attach 2&3

         No Receipts Or Disbursements Due To No Bank Or Investment Accounts




                  Concentration & Investment Account Statements    Attachment 3
                      Delta Queen Coastal Voyages, L.L.C.
Summary                      Case No: 01-10964 (EIK)
Delta Queen                For Month Of January, 2002
Coastal Voyag
Attach 2&3

         No Statements Due To No Concentration Or Investment Accounts




                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

currency USD
  Company=30 (DELTA QUEEN COAST VOY)



                                                         PTD-Actual
                                                           JAN-02
                                                         ----------
                                                      
Revenue
  Gross Revenue                                                0.00
  Allowances                                                   0.00
                                                         ----------
  Net Revenue                                                  0.00
Operating Expenses
  Air                                                          0.00
  Hotel
  Commissions                                                  0.00
                                                               0.00
  Onboard Expenses                                             0.00
  Passenger Expenses                                           0.00
  Vessel Expenses                                              0.00
  Layup/Drydock Expense                                        0.00
  Vessel Insurance                                             0.00
                                                         ----------
  Total Operating Expenses                                     0.00
                                                         ----------
  Gross Profit                                                 0.00
SG&A Expenses
   Sales & Marketing                                           0.00
   Pre-Opening Costs                                           0.00
                                                         ----------
  Total SG&A Expenses                                          0.00
                                                         ----------
  EBITDA                                                       0.00
  Depreciation                                                 0.00
                                                         ----------
  Operating Income                                             0.00
  Other Expense/ (Income)
  Interest Income                                              0.00
  Interest Expense                                             0.00
  Equity in Earnings for Sub                             (80,510.00)
  Reorganization expenses                                      0.00
                                                         ----------
  Total Other Expense/ (Income)                           80,512.64
                                                         ----------
  Net Pretax Income/(Loss)                               (80,512.64)
                                                         ----------
  Income Tax Expense                                           0.00
                                                         ----------
  Net Income/ (Loss)                                     (80,512.64)
                                                         ----------






                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=30 (DELTA QUEEN COAST VOY)



                                                            YTD-Actual                YTD-Actual
                                                            JAN-02                    OCT-01
                                                            --------------            --------------
                                                                                
ASSETS

       Cash and Equivalent                                            0.00                      0.00

       Restricted Cash                                                0.00                      0.00

       Marketable Securities                                          0.00                      0.00

       Accounts Receivable                                            0.00                      0.00

       Inventories                                                    0.00                      0.00

       Prepaid Expenses                                               0.00                      0.00

       Other Current Assets                                           0.00                      0.00

                                                            --------------            --------------
              Total Current Assets                                    0.00                      0.00

       Fixed Assets                                                   0.00                      0.00

       Accumulated Depreciation                                       0.00                      0.00

                                                            --------------            --------------
              Net Fixed Assets                                        0.00                      0.00

       Net Goodwill                                                   0.00                      0.00

       Intercompany Due To/From                                (411,482.06)              (411,482.06)

       Net Deferred Financing Fees                                    0.00                      0.00

       Net Investment in Subsidiaries                       (13,427,299.97)           (12,652,491.22)

       Other Non Current Assets                                       0.00                      0.00

                                                            --------------            --------------
              Total Other Assets                            (13,838,782.03)           (13,063,973.28)

                                                            --------------            --------------
              Total Assets                                  (13,838,782.03)           (13,063,973.28)
                                                            ==============            ==============






                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=30 (DELTA QUEEN COAST VOY)


                                                            YTD-Actual                YTD-Actual
                                                            JAN-02                    OCT-01
                                                            --------------            --------------
                                                                                
LIABILITIES

       Accounts Payable                                               0.00                      0.00

       Accrued Liabilities                                            0.00                      0.00

       Deposits                                                       0.00                      0.00

                                                            --------------            --------------
              Total Current Liabilities                               0.00                      0.00

       Long Term Debt                                                 0.00                      0.00

       Other Long Term Liabilities                           (2,896,625.10)            (2,896,625.10)

                                                            --------------            --------------
              Total Liabilities                              (2,896,625.10)            (2,896,625.10)

OTHER

       Liabilities Subject to Compromise                              0.00                      0.00

                                                            --------------            --------------
              Total Other                                             0.00                      0.00

OWNER'S EQUITY

       Common Stock                                                   0.00                      0.00

       Add'1 Paid In Capital                                          0.00                      0.00

       Current Net Income (Loss)                                (80,512.64)            (6,703,754.04)

       Retained Earnings                                    (10,861,644.29)            (3,463,594.14)

                                                            --------------            --------------
              Total Owner's Equity                          (10,942,156.93)           (10,167,348.18)

                                                            --------------            --------------
              Total Liabilities & Equity                    (13,838,782.03)           (13,063,973.28)
                                                            ==============            ==============





                      Delta Queen Coastal Voyages, L.L.C.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002




                                                                      BEGINNING                                       ENDING
AFFILIATE NAME                               CASE NUMBER              BALANCE             DEBITS      CREDITS         BALANCE
- --------------                               ------------             ---------           ------      -------         -----------
                                                                                                       
American Classic Voyages Co.                 01-10954                (934,299.38)            --           --          (934,299.38)
AMCV Cruise Operations, Inc.                 01-10967                 191,346.38             --           --           191,346.38
The Delta Queen Steamboat Co.                01-10970                 901,221.80             --           --           901,221.80
Great AQ Steamboat, L.L.C.                   01-10960                (144,264.37)            --           --          (144,264.37)
Great Pacific NW Cruise Line, L.L.C.         01-10977                (118,887.26)            --           --          (118,887.26)
Great River Cruise Line, L.L.C.              01-10963                 (18,978.71)            --           --           (18,978.71)
Great Ocean Cruise Line, L.L.C.              01-10959                 (85,950.95)            --           --           (85,950.95)
Cape Cod Light, L.L.C.                       01-10962                  (1,302.19)            --           --            (1,302.19)
Cape May Light, L.L.C.                       01-10961                (200,367.38)            --           --          (200,367.38)
                                                                   ---------------------------------------------------------------
                                                                     (411,482.06)            --           --          (411,482 06)
                                                                   ===============================================================





                          Delta Queen Coastal Voyages, L.L.C.

                            Accounts Receivable Aging
                             As of January 31, 2002

                                  Attachment 7

                                 Not Applicable




                       Delta Queen Coastal Voyages, L.L.C.

                             Accounts Payable Detail
                             As of January 31, 2002

                                  Attachment 8

                                 Not Applicable




DEBTOR: DELTA QUEEN COASTAL VOYAGES, L.L.C.          CASE NUMBER: 01-10964 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Other long-term liabilities consists of deferred tax assets and
         liabilities, net. Deferred tax assets and liabilities have been
         recognized for the expected future tax consequences of temporary
         differences between carrying amounts and the tax bases of assets and
         liabilities. The Debtor has not recorded adjustments to these amounts
         pending the outcome of Chapter 11 proceedings.

EX-99.8

                                                                    EXHIBIT 99.8

DEBTOR: DQSC PROPERTY CO.                            CASE NUMBER: 01-10965 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that DQSC Property Co. was inactive for the above
referenced period and, to the best of my knowledge, the foregoing is true and
correct.



/s/ Nicholas J. Davison
- ------------------------------
Nicholas J. Davison
Senior Vice President, Finance

EX-99.9

                                                                    EXHIBIT 99.9

DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED           CASE NUMBER:01-10966 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicholas J. Davison
- ------------------------------
Nicholas J. Davison
Senior Vice President, Finance


DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED          CASE NUMBER: 01-10966 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

Attachment 1              Summary of Bank and Investment Accounts

Attachment 2              Schedule of Receipts and Disbursements

Attachment 3              Bank and Investment Account Statements

Attachment 4              Income Statement

Attachment 5              Balance Sheet

Attachment 6              Summary of Due To/Due From Intercompany Accounts

Attachment 7              Accounts Receivable Aging

Attachment 8              Accounts Payable Detail

Attachment 9              Notes to January 2002 Monthly Operating Report


Summary              Summary Of Bank And Investment Accounts        Attachment 1
Cruise America         Cruise America Travel, Incorporated
Travel, Inc.                  Case No: 01-10966 (EIK)                 UNAUDITED
                            For Month Of January, 2002



                                     Balances
                           ----------------------------        Receipts &         Bank
                              Opening        Closing          Disbursements     Statements      Account
Account                    As Of 1/01/02  As Of 1/31/02         Included         Included      Reconciled
- -------                    ----------------------------       -------------     ----------     ----------
                                                                                
No Bank Or Investment            NA             NA                 NA               NA             NA
Accounts






                            Receipts & Disbursements                Attachment 2
Summary                Cruise America Travel, Incorporated
Cruise America               Case No: 01-10966 (EIK)
Travel, Inc.               For Month Of January, 2002
Attach 2&3

         No Receipts Or Disbursements Due To No Bank Or Investment Accounts


                  Concentration & Investment Account Statements     Attachment 3
                       Cruise America Travel, Incorporated
Summary                      Case No: 01-10966 (EIK)
Cruise America             For Month Of January, 2002
Travel, Inc.
Attach 2&3

         No Statements Due To No Concentration Or Investment Accounts


                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

currency USD
 Company=29 (CAT - DQSC)



                                                   PTD-Actual
                                                     JAN-02
                                                   ----------
                                                
Revenue
 Gross Revenue                                     22,251.85
 Allowances                                             0.00

                                                   ---------
 Net Revenue                                       22,251.85
Operating Expenses
 Air                                               27,104.23
 Hotel                                                417.60
 Commissions                                            0.00
 Onboard Expenses                                       0.00
 Passenger Expenses                                     0.00
 Vessel Expenses                                        0.00
 Layup/Drydock Expense                                  0.00
 Vessel Insurance                                       0.00
                                                   ---------
 Total Operating Expenses                          27,521.83

                                                   ---------
 Gross Profit                                      (5,269.98)
SG&A Expenses
   Sales & Marketing                                    0.00
   Pre-Opening Costs                                    0.00
                                                   ---------
 Total SG&A Expenses                                    0.00

                                                   ---------
 EBITDA                                            (5,269.98)

 Depreciation                                           0.00

                                                   ---------
 Operating Income                                  (5,269.98)

 Other Expense/(Income)
 Interest Income                                        0.00
 Interest Expense                                       0.00
 Equity in Earnings for Sub                             0.00
 Reorganization expenses                                0.00

                                                   ---------
 Total Other Expense/(Income)                           0.00

                                                   ---------
 Net Pretax Income/(Loss)                          (5,269.98)

                                                   ---------
 Income Tax Expense                                     0.00

                                                   ---------
 Net Income/(Loss)                                 (5,269.98)

                                                   ---------




 currency USD
  Company=29 (CAT - DQSC)

                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02



                                                     YTD-Actual            YTD-Actual
                                                       JAN-02                OCT-01
                                                    ------------          ------------
                                                                    
ASSETS

 Cash and Equivalent                                        0.00                  0.00

 Restricted Cash                                            0.00                  0.00

 Marketable Securities                                      0.00                  0.00

 Accounts Receivable                                        0.00             19,582.06

 Inventories                                                0.00                  0.00

 Prepaid Expenses                                     256,652.03            565,863.67

 Other Current Assets                                       0.00                  0.00

                                                    ------------          ------------
        Total Current Assets                          256,652.03            585,445.73

 Fixed Assets                                               0.00                  0.00

 Accumulated Depreciation                                   0.00                  0.00

                                                    ------------          ------------
        Net Fixed Assets                                    0.00                  0.00

 Net Goodwill                                               0.00                  0.00

 Intercompany Due To/From                           4,920,896.07          4,474,118.72

 Net Deferred Financing Fees                                0.00                  0.00

 Net Investment in Subsidiaries                             0.00                  0.00

 Other Non Current Assets                                   0.00                  0.00

                                                    ------------          ------------
        Total Other Assets                          4,920,896.07          4,474,118.72

                                                    ------------          ------------
        Total Assets                                5,177,548.10          5,059,564.45

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




                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

 currency USD
  Company=29 (CAT - DQSC)



                                                     YTD-Actual            YTD-Actual
                                                       JAN-02                OCT-01
                                                    ------------          ------------
                                                                    
LIABILITIES

      Accounts Payable                                      0.00                  0.00

      Accrued Liabilities                                 724.42                  0.00

      Deposits                                              0.00                  0.00

                                                    ------------          ------------
             Total Current Liabilities                    724.42                  0.00

      Long Term Debt                                        0.00                  0.00

      Other Long Term Liabilities                   1,591,053.16          1,591,053.16


                                                    ------------          ------------
             Total Liabilities                      1,591,777.58          1,591,053.16
OTHER
      Liabilities Subject to Compromise                     0.00              5,731.15

                                                    ------------          ------------
             Total Other                                    0.00              5,731.15

OWNER'S EQUITY

      Common Stock                                          0.00                  0.00

      Add'1 Paid In Capital                            50,000.00             50,000.00

      Current Net Income (Loss)                        (5,269.98)           591,526.60

      Retained Earnings                             3,541,040.50          2,821,253.54

                                                    ------------          ------------
             Total Owner's Equity                   3,585,770.52          3,462,780.14

                                                    ------------          ------------
             Total Liabilities & Equity             5,177,548.10          5,059,564.45
                                                    ------------          ------------




                      Cruise America Travel, Incorporated
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                                BEGINNING                                              ENDING
AFFILIATE NAME                               CASE NUMBER         BALANCE            DEBITS          CREDITS            BALANCE
                                             ----------      -------------        ----------       ----------      -------------
                                                                                                    
American Classic Voyages Co.                   01-10954        (106,495.74)        13,362.10        12,186.21        (105,319.85)
AMCV Cruise Operations, Inc.                   01-10967      (4,057,712.45)         1,859.32         2,495.50      (4,058,348.63)
The Delta Queen Steamboat Co.                  01-10970        (269,523.37)        34,433.07        10,610.40        (245,700.70)
Great AQ Steamboat, L.L.C                      01-10960       3,165,198.27                --               --       3,165,198.27
Great Pacific NW Cruise Line, L.L.C            01-10977         674,733.24                --               --         674,733.24
Great River Cruise Line, L.L.C                 01-10963       1,393,616.44        125,637.40       101,707.64       1,417,546.20
Great Ocean Cruise Line, L.L.C                 01-10959       2,952,311.23                --               --       2,952,311.23
Cape Cod Light, L.L.C                          01-10962           2,706.08                --               --           2,706.08
Cape May Light, L.L.C                          01-10961       1,053,205.61          1,355.63               --       1,054,561.24
Oceanic Ship Co.                                    N/A           6,631.08                --               --           6,631.08
Ocean Development Co.                          01-10972          15,996.19                --               --          15,996.19
American Hawaiian Properties Corporation       01-10976           1,126.92                --               --           1,126.92
Great Independence Ship Co.                    01-10969          16,321.27                --               --          16,321.27
Cat 11, Inc.                                   01-10968          23,133.53                --               --          23,133.53
                                                              ------------------------------------------------------------------
                                                              4,871,248.30        176,647.52       126,999.75       4,920,896.07
                                                              ==================================================================




                       Cruise America Travel, Incorporated
                            Accounts Receivable Aging
                             As of January 31, 2002

                                  Attachment 7

                                 Not Applicable



                       Cruise America Travel, Incorporated

                             Accounts Payable Detail
                             As of January 31, 2002

                                  Attachment 8

                                 Not Applicable



DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED          CASE NUMBER: 01-10966 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT


The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.


1.       Other long-term liabilities consists of deferred tax assets and
         liabilities, net. Deferred tax assets and liabilities have been
         recognized for the expected future tax consequences of temporary
         differences between carrying amounts and the tax bases of assets and
         liabilities. The Debtor has not recorded adjustments to these amounts
         pending the outcome of Chapter 11 proceedings.

2.       Amount represents pre-petition pre-paid airline tickets. Amounts
         representing liabilities to airlines for airline tickets and contained
         in "liabilities subject to compromise" may be setoff by pre-paid
         airline tickets.

EX-99.10

                                                                   EXHIBIT 99.10

DEBTOR: AMCV CRUISE OPERATIONS, INC.                 CASE NUMBER: O1-10967 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicholas J. Davison
- ------------------------------
Nicholas J. Davison
Senior Vice President, Finance


DEBTOR: AMCV CRUISE OPERATIONS, INC.                 CASE NUMBER: 01-10967 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

 Attachment 1              Summary of Bank and Investment Accounts
 Attachment 2              Schedule of Receipts and Disbursements
 Attachment 3              Bank and Investment Account Statements
 Attachment 4              Income Statement
 Attachment 5              Balance Sheet
 Attachment 6              Summary of Due To/Due From Intercompany Accounts
 Attachment 7              Accounts Receivable Aging
 Attachment 8              Accounts Payable Detail
 Attachment 9              Notes to January 2002 Monthly Operating Report



                                                                    Attachment 1

                Summary Of Bank, Investment & Petty Cash Accounts
                          AMCV Cruise Operations, Inc.
Summary                      Case No: 01-10967 (EIK)                   UNAUDITED
AMCV Cruise                For Month Of January, 2002
Operations, Inc



                                               Balances
                                    ------------------------------    Receipts &           Bank
                                       Opening          Closing      Disbursements      Statements           Account
Account                             As Of 1/01/02    As Of 1/31/02     Included          Included          Reconciled
- -------                             -------------    -------------   -------------     -------------       ----------
                                                                                            
AHC - Certificate Of Deposit*         25,000.00        25,000.00     Yes               No - Not            Yes
Bank One                                                                               Concentration
Account # - 880058451981                                                               Account

AHC - Certificate Of Deposit*         25,000.00        25,000.00     Yes               No - Not            Yes
Bank One                                                                               Concentration
Account # - 880058452369                                                               Account

AMCV Cruise Ops                       24,403.17        72,293.45     Yes               Yes                 Yes
Master Cash
First Union National Bank
Account # - 2090002602362

AMCV Escrow - Gohagan                219,626.12       219,911.95     Yes               No - Not            Yes
LaSalle Bank                                                                           Concentration
Account # - 62-8766-40-4                                                               Account

American Classic Voyages              35,030.00             0.00     Yes               No - Not            Yes
Fleet Bank                                                                             Concentration
Account # - 941-9148945                                                                Account

New Orleans Office                    12,039.40         8,074.29     Yes               Not A Bank          Yes
Petty Cash                                                                             Account


* Proceeds From Matured Certficates Of Deposit Being Retained By Bank One While
  They Pursue Recover Equivalent Amounts Relating To Letters Of Credits That
  Were Exercised After The Filing For Bankruptcy Where These Certificates Of
  Deposits Were Collateral


                            Receipts & Disbursements              Attachment 2-1
                          AMCV Cruise Operations, Inc.
R&D -                        Case No: 01-10967 (EIK)                   UNAUDITED
Bank One -                          Bank One
AHC CD (86)                AHC Certificate Of Deposit
                            Account # - 880058451981
                         1 January 02 - 31 January 02

                                                
Opening Balance - 1 Jan 02
                              25, 000.00

Receipts
                              ----------
                                    0.00              Total Receipts

Disbursements
                              ----------
                                    0.00              Total Disbursements

 Closing Balance - 31 Jan 02
                               25,000.00






                            Receipts & Disbursements              Attachment 2-2
                          AMCV Cruise Operations, Inc.
R&D -                        Case No: 01-10967 (EIK)                   UNAUDITED
Bank One -                          Bank One
AHC CD (87)                AHC Certificate Of Deposit
                            Account # - 880058452369
                         1 January 02 - 31 January 02

                                                
Opening Balance - 1 Jan 02
                              25, 000.00

Receipts
                              ----------
                                    0.00              Total Receipts

Disbursements
                              ----------
                                    0.00              Total Disbursements

 Closing Balance - 31 Jan 02
                               25,000.00





                            Receipts & Disbursements              Attachment 2-3
                          AMCV Cruise Operations, Inc.
R&D- First Union            Case No: 01-10967 (EIK)                    UNAUDITED
AMCV Cruise Ops                   First Union
Master Cash                AMCV Cruise Ops Master Cash
                            Account # - 2090002602362
                          1 January 02 - 31 January 02

                                                  
Opening Balance - 1 Jan 02
                                 24,403.17
Receipts
                                 74,240.17              Misc Refunds & Commissions
                                132,213.10              State Of Hawaii Tax Refund
                                 42,202.48              From Great River Cruise Line, LLC -
                                                        Delta Queen Petty Cash
                                 35,030.00              From American Classic Voyages - Fleet Bank -
                                                        Account (941-9148945)
                               -----------
                                283,685.75              Total Receipts

Disbursements

                               (235,000.00)             To The Delta Queen Steamboat Co. - Hibernia -
                                                        DQSC Master Cash - Account (812-395-335)
                                   (692.00)             Returned Deposits
                                   (103.47)             Bank Fees
                               -----------
                               (235,795.47)             Total Disbursements

Closing Balance - 31 Jan 02
                                 72,293.45





                            Receipts & Disbursements              Attachment 2-4
                            American Classic Voyages
R&D -Lasalle                 Case No: 01-10967(EIK)                    UNAUDITED
AMCV Escrow -                        LaSalle
Gohagan                       AMCV Escrow - Gohagan
                            Account # - 62-8766-40-4
                          1 January 02 - 31 January 02

                                                  
Opening Balance - 1 Jan 02
                               219,626.12

Receipts
                                   285.83               Interest Earned

                               ----------
                                   285.83               Total Receipts


Disbursements

                               ----------
                                     0.00               Total Disbursements

Closing Balance - 31 Jan 02
                               219,911.95






                            Receipts & Disbursements              Attachment 2-5
                          AMCV Cruise Operations. Inc.
  R&D-Fleet                  Case No: 01-10967 (EIK)                  UNAUDITED
  CML Other                        Fleet Bank
                                    CML Other
                             Account # - 941-9148945
                          1 January 02 - 31 January 02

                                                  
Opening Balance - 1 Jan 02
                                35,030.00

Receipts

                               ----------
                                     0.00               Total Receipts

Disbursements

                               (35,030.00)              To AMCV Cruise Operations, Inc. - First Union -
                                                         AMCV Cruise Ops Master Cash -
                                                         Account (2090002602362)

                               ----------
                               (35,030.00)              Total Disbursements

Closing Balance - 31 Jan 02
                                     0.00





                            Receipts & Disbursements              Attachment 2-6
                          AMCV Cruise Operations, Inc.
R&D -NOLA                   Case No: 01-10967 (EIK)                    UNAUDITED
Petty Cash                     New Orleans Office
                                   Petty Cash
                                 Account # - NA
                          1 January 02 - 31 January 02

                                                  
Opening Balance - 1 Jan 02
                                12,039.40

Receipts
                                30,000.00               From The Delta Queen Steamboat Co. - Hibernia
                                                        Master Cash - Account (812-395-335)
                                12,088.69               From Great River Cruise Line, L.L.C. -
                                                        DQ Petty Cash

                               ----------
                                42,088.69               Total Receipts


Disbursements
                               (43,760.00)              To The Delta Queen Steamboat Co. - Hibernia
                                                        Master Cash - Account (812-395-335)
                                (2,293.80)              Misc Supplies/Other

                               ----------
                               (46,053.80)              Total Disbursements

Closing Balance - 31 Jan 02
                                8, 074.29





                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02
 currency USD
  Company=15 (AMCV OPS)



                                                  PTD-Actual
                                                    JAN-02
                                                 -------------                                                      --------------
                                              
Revenue
 Gross Revenue                                            0.00
 Allowances                                               0.00

                                                 -------------
 Net Revenue                                              0.00
Operating Expenses
 Air                                                      0.00
 Hotel                                                    0.00
 Commissions                                              0.00
 Onboard Expenses                                         0.00
 Passenger Expenses                                       0.00
 Vessel Expenses                                          0.00
 Layup/Drydock Expense                                    0.00
 Vessel Insurance                                         0.00

                                                 -------------
 Total Operating Expenses                                 0.00

                                                 -------------
 Gross Profit                                             0.00
SG&A Expenses
 General and Admin Expenses                         406,386.96
   Sales & Marketing                                 57,762.86
   Pre-Opening Costs                                      0.00

                                                 -------------
 Total SG&A Expenses                                464,149.82

                                                 -------------
 EBITDA                                            (464,149.82)

 Depreciation                                        40,575.90

                                                 -------------
 Operating Income                                  (504,725.72)

 Other Expense/ (Income)
 Interest Income                                     (5,040.68)
 Equity in Earnings for Sub                      (1,017,151.65)
 Reorganization expenses                          789, 813 .55
 Other expense                                       10,206.15

                                                 -------------
 Total Other Expense/ (Income)                    1,812,130.67

                                                 -------------
 Net Pretax Income/(Loss)                        (2,316,856.39)
                                                 -------------

                                                 -------------
 Income Tax Expense                                       0.00

                                                 -------------
 Net Income/ (Loss)                              (2,316,856.39)

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




                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

 currency USD
  Company=15 (AMCV OPS)



                                                     YTD-Actual             YTD-Actual
                                                       JAN-02                 OCT-0
                                                    -------------         ------------
                                                                    
ASSETS

    Cash and Equivalent                               281,876.79          1,723,947.86

    Restricted Cash                                   219,911.95            219,000.00

    Marketable Securities                              50,000.00             50,000.00

    Accounts Receivable                                     0.00             99,684.62

    Inventories                                             0.00                  0.00

    Prepaid Expenses                                  346,833.38            522,662.13

    Other Current Assets                               40,600.00              1,750.00

                                                    -------------         -------------
       Total Current Assets                           939,222.12          2,617,044.61

    Fixed Assets                                    9,372,064.98          9,371,627.23

    Accumulated Depreciation                         (575,491.71)          (453,764.30)

                                                    -------------         -------------
       Net Fixed Assets                             8,796,573.27          8,917,862.93

    Net Goodwill                                            0.00                  0.00

    Intercompany Due To/From                        (2,241,786.14)        2,150,807.43

    Net Deferred Financing Fees                             0.00                  0.00

    Net Investment in Subsidiaries                  65,152,586.09         66,329,274.35

    Other Non Current Assets                                0.00                  0.00

                                                    -------------         -------------
       Total Other Assets                           62,910,799.95         68,480,081.78

                                                    -------------         -------------
       Total Assets                                 72,646,595.34         80,014,989.32
                                                    -------------         -------------




                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

 currency USD
 Company=15 (AMCV OPS)



                                                      YTD-Actual                YTD-Actual
                                                        JAN-02                    OCT-0
                                                    --------------           --------------
                                                                       
LIABILITIES

    Accounts Payable                                     67,222.23                 5,363.60

    Accrued Liabilities                                 278,143.86               289,488.87

    Deposits                                                  0.00                     0.00

                                                    --------------           --------------
       Total Current Liabilities                        345,366.09               294,852.47

    Long Term Debt                                            0.00                     0.00

    Other Long Term Liabilities                               0.00                     0.00

                                                    --------------           --------------
       Total Liabilities                                345,366.09               294,852.47

OTHER

    Liabilities Subject to Compromise                29,596,386.40            32,307,000.02

                                                    --------------           --------------
       Total Other                                   29,596,386.40            32,307,000.02

OWNER'S EQUITY

    Common Stock                                         10,440.25                10,440.25

    Add'1 Paid In Capital                           112,772,392.56           112,772,392.56

    Current Net Income (Loss)                        (2,316,856.39)          (37,037,717.81)

    Retained Earnings                               (67,761,133.57)          (28,331,978.17)

                                                    --------------           --------------
       Total Owner's Equity                          42,704,842.85            47,413,136.83

                                                    --------------           --------------
       Total Liabilities & Equity                    72,646,595.34            80,014,989.32

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




                          AMCV Cruise Operations, Inc.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                                BEGINNING                                               ENDING
AFFILIATE NAME                               CASE NUMBER         BALANCE             DEBITS            CREDITS          BALANCE
                                                                                                     
American Classic Voyages Co.                   01-10954       (78,558,545.13)     1,887,197.24       1,993,665.82    (78,665,013.71)
The Delta Queen Steamboat Co.                  01-10970      (101,335,775.02)        46,701.77         909,215.72   (102,198,288.97)
DQS13 11, Inc.                                 01-10974             1,194.40                --                 --          1,194.40
Great AQ Steamboat, L.L.C                      01-10960        22,745,106.79         10,197.34             400.50     22,754,903.63
Great Pacific NW Cruise Line, L.L.C            01-10977         9,372,500.72          9,429.72                 --      9,381,930.44
Great River Cruise Line, L.L.C                 01-10963         9,469,140.70         43,177.64          67,254.01      9,445,064.33
Great Ocean Cruise Line, L.L.C                 01-10959        21,385,571.10         18,705.48           1,704.95     21,402,571.63
Cruise America Travel, Incorporated            01-10966         4,057,712.45          2,495.50           1,859.32      4,058,348.63
Delta Queen Coastal Voyages, L.L.C             01-10964          (191,346.38)               --                 --       (191,346.38)
Cape Cod Light, L.L.C                          01-10962         3,947,213.20            990.00                 --      3,948,203.20
Cape May Light, L.L.C                          01-10961         7,971,800.32         32,121.40              10.00      8,003,911.72
Project America, Inc.                          N/A             (4,501,824.46)           621.00                 --     (4,501,203.46)
Oceanic Ship Co.                               N/A             57,263,797.07         22,677.59           3,893.65     57,282,581.01
Project America Ship 1, Inc.                   N/A                111,958.41                --                 --        111,958.41
Ocean Development Co.                          01-10972         1,564,704.50        451,935.90         451,834.32      1,564,806.08
Great Hawaiian Cruise Line, Inc.               01-10975             1,574.81                --                 --          1,574.81
Great Hawaiian Properties Corporation          01-10971        (6,121,103.54)         4,228.48                 --     (6,116,875.06)
American Hawaiian Properties Corporation       01-10976         5,188,103.46          2,117.21                 --      5,190,220.67
Great Independence Ship Co.                    01-10969        36,632,816.41         15,280.38           2,406.37     36,645,690.42
Cat II, Inc.                                   01-10968         9,637,982.06                --                 --      9,637,982.06
                                                             ----------------------------------------------------------------------
                                                               (1,357,418.13)     2,547,876.65       3,432,244.66     (2,241,786.14)
                                                             ======================================================================



                          AMCV Cruise Operations, Inc.

                            Accounts Receivable Aging
                             As of January 31, 2002

                                  Attachment 7

                                 Not Applicable


AMCV US SET OF BOOKS                                    Report Date: 14-FEB-2002

                         Accounts Payable Trial Balance

        Reporting Level:   Operating Unit
      Reporting Context:   AMCV POSTPET US OPERATING UNIT
    Accounting Currency:   USD
             As of Date:   31-JAN-02
          Supplier Name:   All
      Liability Account:   All
       Summarize Report:   No
Exclude Invoices Before:



                                    Invoice
Invoice Number                        Date        Curr       Amount      Remaining Amount             Invoice Description
- --------------                     ---------      ----      --------     ----------------     -----------------------------------
                                                                               
Liability Account: 15-000-220102-00000

Supplier Name:     BELLSOUTH

9621 122801                        28-DEC-O1      USD       4,564.48           4,564.48        954 VO8-9621 621
3363 122801                        28-DEC-O1      USD       1,136.16           1,136.16        504 M83-3363 363
6892 122801                        28-DEC-O1      USD         121.89             121.89        601 M23-6892 892
                                                            --------           --------
Total for Supplier :                                        5,822.53           5,822.53

Supplier Name:     CINGULAR WIRELESS
122801                             18-DEC-O1      USD       5,172.83           5,172.83        02409515-001-02
                                                            --------           --------
Total for Supplier :                                        5,172.83           5,172.83

Supplier Name:     CLAY COUNTY PORT, INC.

013002                             30-JAN-02      USD       1,600.00           1,600.00        FEBRUARY 2002
                                                            --------           --------
Total for Supplier :                                        1,600.00           1,600.00

Supplier Name:     DIRECTV

0032-006733024                     26-DEC-O1      USD          60.33              60.33        #006733024
0030-006733024A                    26-OCT-O1      USD          60.33              60.33        ACCT#006733024
0031-006733024                     26-NOV-O1      USD          60.33              60.33        ACCT#006733024
0024-0067330240                    23-APR-O1      USD        (659.33)           (659.33)       OVERPAID CK#4002327 ACCT#006733024
                                                            --------           --------
Total for Supplier :                                         (478.34)           (478.34)






                                   Invoice
Invoice Number                       Date         Curr       Amount       Remaining Amount      Invoice Description
- --------------                     ---------      ----      --------      ----------------     ---------------------
                                                                                
Supplier Name:     DIVERSEY LEVER, INC.

030706                             18-DEC-O1      USD          (8.97)             (8.97)       FUEL SURCHARGE CREDIT
                                                            --------           --------
Total for Supplier :                                           (8.97)             (8.97)

Supplier Name:     EDELMAN PUBLIC RELATIONS WORLD WIDE

INV-109372                         14-DEC-O1      USD       3,205.47           3,205.47        PR NOV'01
                                                            --------           --------
Total for Supplier :                                        3,205.47           3,205.47

Supplier Name:     ENTERGY

011502                             15-JAN-02      USD      17,166.70          17,166.70        12/12-1/15/02
                                                           ---------          ---------
Total for Supplier :                                       17,166.70          17,166.70

Supplier Name:     ICS LOGISTICS

0288148                            04-JAN-O2      USD         990.00             990.00
0283958                            07-DEC-O1      USD         990.00             990.00
0283955B                           07-DEC-O1      USD         519.75             519.75
0284837B                           14-DEC-O1      USD         841.50             841.50
0285850B                           21-DEC-01      USD       1,155.00           1,155.00
0279009B                           09-NOV-01      USD       1,483.25           1,483.25
0281965B                           30-NOV-01      USD       1,666.50           1,666.50
0280764B                           23-NOV-01      USD         222.75             222.75
0246815B                           19-OCT-01      USD       1,031.25           1,031.25
0280754B                           23-NOV-01      USD         965.25             965.25
0275849B                           26-OCT-01      USD         651.75             651.75
0245847B                           12-OCT-01      USD       1,056.00           1,056.00
0277994B                           02-NOV-01      USD       1,509.75           1,509.75
0279991B                           16-NOV-01      USD       1,881.00           1,881.00
                                                           ---------          ---------
Total for Supplier :                                       14,963.75          14,963.75

Supplier Name:     IOS CAPITAL

52948867                           28-SEP 01      USD       1,322.52           1,322.52        10/25-11/24/01
52948199                           17-SEP 01      USD         152.50             152.50        10/12-11/11/01
                                                           ---------          ---------
Total for Supplier :                                        1,475.02           1,475.02






                                   Invoice
Invoice Number                       Date         Curr      Amount       Remaining Amount    Invoice Description
- --------------                     -------        ----     ---------     ----------------    -------------------
                                                                              
Supplier Name:     IRON MOUNTAIN

8558081                            31-JUL-O1      USD          32.58              32.58
742364                             28-FEB-O1      USD          42.42              42.42
8578427                            31-AUG-O1      USD          42.42              42.42
8578428                            31-AUG-O1      USD          32.58              32.58
8811892                            30-SEP-O1      USD          42.42              42.42
8811893                            30-SEP-O1      USD          32.58              32.58
0573679                            31-DEC-O1      USD          42.42              42.42
0573680                            31-DEC-O1      USD          32.58              32.58
012402                             24-JAN-02      USD        (517.62)           (517.62)
9907105                            24-JAN-02      USD         297.00             297.00        TERMINATION FEE
6950627                            03-DEC-00      USD          31.44              31.44
6950628                            03-DEC-00      USD          12.00              12.00
6950629                            03-DEC-00      USD          32.58              32.58
7253350                            31-JAN-O1      USD          42.42              42.42
7253351                            31-JAN-O1      USD          32.58              32.58
7423655                            28-FEB-O1      USD          32.58              32.58
8558080                            31-JUL-01      USD          42.42              42.42
7954394                            31-MAY-O1      USD          42.42              42.42
7627479                            31-MAR-O1      USD          32.58              32.58
7627478                            31-MAR-O1      USD          42.42              42.42
                                                           ---------          ---------
Total for Supplier :                                          422.82             422.82


Supplier Name:     ISLAND OASIS FROZEN COCKTAIL CO.,INC

111501                             15-NOV-01 USD            1,137.25           1,137.25
                                                           ---------          ---------
Total for Supplier :                                        1,137.25           1,137.25

Supplier Name:     KENTWOOD SPRINGS

263908 9                           21-JAN-02      USD          58.86              58.86
                                                           ---------          ---------
Total for supplier :                                           58.86              58.86

Supplier Name:     KRAMER, KEN

013102                             31-JAN-02      USD      (1,000.00)         (1,000.00)       CASH ADVANCE
101201                             12-OCT-01      USD       1,731.20           1,731.20        T&E 10/6-12/01
101801A                            18-OCT-O1      USD         427.16             427.16        T&E 10/13-18/01
101801                             18-OCT-O1      USD         248.01             248.01        T&E 10/18/01
                                                           ---------          ---------
Total for Supplier :                                        1,406.37           1,406.37






                                   Invoice
Invoice Number                       Date         Curr      Amount         Remaining Amount        Invoice Description
- --------------                     -------        ----     ---------       ----------------    ---------------------------
                                                                                

Supplier Name:     MCI WORLDCOM CONFERENCING

120101                             O1-DEC-O1      USD         (46.07)            (46.07)       01-00005980958-00691
                                                           ---------          ---------
Total for Supplier :                                          (46 07)            (46.07)

Supplier Name:     NEW ORLEANS PRIVATE PATROL SERVICE, INC.

0037597-IN                         10-JAN-02      USD       1,886.80           1,886.80        SECURITY 1/1-10/02
                                                           ---------          ---------
Total for Supplier :                                        1,886.80           1,886.80

Supplier Name:     QWEST
537226254                          31-DEC-O1      USD         177.17             177.17        504 586-0631
536390137                          15-DEC-O1      USD      10,588.86          10,588.86        954 660-3000 11/16-12/15/01
                                                           ---------          ---------
Total for Supplier :                                      10,766.03          10,766.03

Supplier Name:     SOMERSET REFINERY, INC

12718B                             25-OCT-O1      USD       3,771.46               0.01        PO#11923
                                                           ---------          ---------
Total for Supplier :                                        3,771.46               0.01

Supplier Name:     SOUTHWESTERN BELL

0227 122401                        24-DEC-O1      USD         (14.66)            (14.66)       314-436-0227-138-8
8922 120401                        04-DEC-O1      USD          (7.62)             (7.62)       573 221-8922 555-7
                                                           ---------          ---------
Total for supplier :                                          (22.28)            (22.28)

Supplier Name:     SPRINT PCS

010402                             04-JAN-02      USD         805.64             805.64        0056861692-1
                                                           ---------          ---------
Total for Supplier :                                          805.64             805.64

Supplier Name :    ST. JOHNS FABRICATORS, INC.

1503                               30-JAN-02      USD       1,822.50           1,822.50






                                   Invoice
Invoice Number                       Date         Curr      Amount         Remaining Amount    Invoice Description
- --------------                     -------        ----     ---------       ----------------    -------------------
                                                                                
Total for Supplier :                                        1,822.50           1,822.50

Supplier Name:     SUNCOM

011502                             15-JAN-02      USD          55.31              55.31         4.1062.10
                                                           ---------          ---------
Total for Supplier :                                           55.31              55.31

Supplier Name:     WITHERS/SUDDATH RELOCATION SYSTEMS, INC.

145196                             30-OCT-01      USD       1,040.00              10.00         60 DOLLIE LOADS
                                                           ---------          ---------
Total for Supplier :                                        1,040.00              10.00

                                                           ---------          ---------
Total for Liability Account :                              72,023.68          67,222.23
                                                           ---------          ---------
Total for Report :                                         72,023 68          67,222 23
                                                           =========          =========




DEBTOR: AMCV CRUISE OPERATIONS, INC.                 CASE NUMBER: 01-10967 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.


1.       Prepaid insurance and accruals for self-insured claims are
         un-reconciled pending receipt and final review of required information.

2.       Asset sales commenced in the Florida and Louisiana offices during
         January and are ongoing as of period end.

EX-99.11

                                                                   EXHIBIT 99.11

DEBTOR: CAT II, INC.                                 CASE NUMBER: 01-10968 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicholas J. Davison
- ------------------------------
Nicholas J. Davison
Senior Vice President, Finance


DEBTOR: CAT II, INC.                                 CASE NUMBER: 01-10968 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

  Attachment 1             Summary of Bank and Investment Accounts

  Attachment 2             Schedule of Receipts and Disbursements

  Attachment 3             Bank and Investment Account Statements

  Attachment 4             Income Statement

  Attachment 5             Balance Sheet

  Attachment 6             Summary of Due To/Due From Intercompany Accounts

  Attachment 7             Accounts Receivable Aging

  Attachment 8             Accounts Payable Detail

  Attachment 9             Notes to January 2002 Monthly Operating Report



                     Summary Of Bank And Investment Accounts        Attachment 1
                                   CAT II, Inc.
 Summary                      Case No: 01-10968 (EIK)                 UNAUDITED
 CAT II, Inc                For Month Of January, 2002



                                        Balances
                             ------------------------------    Receipts &             Bank
                                Opening          Closing      Disbursements        Statements          Account
 Account                     As Of 1/01/02    As Of 1/31/02     Included            Included         Reconciled
 -------                     -------------    -------------   -------------        ----------        ----------
                                                                                      
 No Bank Or Investment            NA               NA              NA                  NA                NA
 Accounts




                            Receipts & Disbursements               Attachment 2
                                  CAT II, Inc.
 Summary                     Case No: 01-10968 (EIK)
 CAT II, Inc.              For Month Of January, 2002
 Attach 2&3

         No Receipts Or Disbursements Due To No Bank Or Investment Accounts



                  Concentration & Investment Account Statements    Attachment 3
                                  CAT II, Inc.
 Summary                     Case No: 01-10968 ,(EIK)
 CAT II, Inc.               For Month Of January, 2002
 Attach 2&3

         No Statements Due To No Concentration Or Investment Accounts

                              AMCV US Serf OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

 currency USD
  Company=59 (CAT - AHC)



                                                                    PTD-Actual
                                                                      JAN-02
                                                                    ----------
                                                                 
 Revenue
   Gross Revenue                                                       0.00
   Allowances                                                          0.00

                                                                       ----
   Net Revenue                                                         0.00

 Operating Expenses
   Air                                                                 0.00
   Hotel                                                               0.00
   Commissions                                                         0.00
   Onboard Expenses                                                    0.00
   Passenger Expense                                                   0.00
   Vessel Expenses                                                     0.00
   Layup/Drydock Expense                                               0.00
   Vessel Insurance                                                    0.00

                                                                       ----
   Total Operating Expenses                                            0.00
                                                                       ----

   Gross Profit                                                        0.00
 SG&A Expenses
    Sales & Marketing                                                  0.00
    Pre-Opening Costs                                                  0.00

                                                                       ----
  Total SG&A Expenses                                                  0.00

                                                                       ----

   EBITDA
                                                                       0.00
   Depreciation                                                        0.00

                                                                       ----
   Operating Income                                                    0.00

   Other Expense/(Income)
   Interest Income                                                     0.00
   Interest Expense                                                    0.00
   Equity in Earnings for Sub                                          0.00
   Reorganization expenses                                             0.00

                                                                       ----
   Total Other Expense/(Income)                                        0.00

                                                                       ----
   Net Pretax Income/(Loss)                                            0.00

                                                                       ----
   Income Tax Expense                                                  0.00

                                                                       ----
   Net Income/(Loss)                                                   0.00




                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
 Company=59 (CAT - AHC)



                                                                YTD-Actual                   YTD-Actual
                                                                  JAN-02                       OCT-01
                                                               ------------                 ------------
                                                                                      
 ASSETS

        Cash and Equivalent                                            0.00                         0.00

        Restricted Cash                                                0.00                         0.00

        Marketable Securities                                          0.00                         0.00

        Accounts Receivable                                            0.00                   256,467.70

        Inventories                                                    0.00                         0.00

        Prepaid Expenses                                       2,109,063.46                 1,904,155.44

        Other Current Assets                                           0.00                         0.00

                                                               ------------                 ------------
               Total Current Assets                            2,109,063.46                 2,160,623.14

        Fixed Assets                                                   0.00                         0.00

        Accumulated Depreciation                                       0.00                         0.00
                                                               ------------                 ------------
               Net Fixed Assets                                        0.00                         0.00

        Net Goodwill                                                   0.00                         0.00

        Intercompany Due To/From                               2,068,624.58                 1,958,103.81

        Net Deferred Financing Fees                                    0.00                         0.00

        Net Investment in Subsidiaries                                 0.00                         0.00

        Other Non Current Assets                                       0.00                         0.00

                                                               ------------                 ------------
               Total Other Assets                              2,068,624.58                 1,958,103.81

                                                               ------------                 ------------
               Total Assets                                    4,177,688.04                 4,118,726.95

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




                              AMCV US Srri OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

 currency USD
   Company=59 (CAT - AHC)




                                                               YTD-Actual                   YTD-Actual
                                                                 JAN-02                       OCT-01
                                                              ------------                 ------------
                                                                                       
LIABILITIES


       Accounts Payable                                               0.00                         0.00

       Accrued Liabilities                                            0.00                         0.00

       Deposits                                                       0.00                         0.00

                                                              ------------                 ------------
              Total Current Liabilities                               0.00                         0.00

       Long Term Debt                                                 0.00                         0.00

       Other Long Term Liabilities                              917,296.83                   939,123.43

                                                              ------------                 ------------
              Total Liabilities                                 917,296.83                   939,123.43

 OTHER
        Liabilities Subject to Compromise                             0.00                         0.00

                                                              ------------                 ------------
              Total Other                                             0.00                         0.00

 OWNER'S EQUITY

       Common Stock                                                  10.00                        10.00

       Add'1 Paid In Capital                                  2,919,930.15                 2,919,930.15

       Current Net Income (Loss)                                      0.00                  (735,590.03)

       Retained Earnings                                        340,451.06                   995,253.40

                                                              ------------                 ------------
              Total Owner's Equity                            3,260,391.21                 3,179,603.52

                                                              ------------                 ------------
              Total Liabilities & Equity                      4,177,688.04                 4,118,726.95

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




                                  CAT II, Inc.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                                Beginning                                              Ending
Affiliate Name                               Case Number         Balance             Debits            Credits         Balance
                                             -----------    ----------------       ---------           --------    --------------
                                                                                                    
American Classic Voyages Co.                   01-10954     (15,962,339.03)         2,922.41           3,176.41    (15,962,593.03)
AMCV Cruise Operations, Inc.                   01-10967      (9,637,982.06)                _                 --     (9,637,982.06)
The Delta Queen Steamboat Co.                  01-10970             100.00                --                 --            100.00
Great River Cruise Line, L.L.C                 01-10963          (1,025.41)               --                 --         (1,025.41)
Cruise America Travel, Incorporated            01-10966         (23,133.53)               --                 --        (23,133.53)
Cape May Light, L.L.C                          01-10961          (2,038.56)               --                 --         (2,038.56)
Project America, Inc.                               N/A          (1,925.90)               --                 --         (1,925.90)
Oceanic Ship Co.                                    N/A      15,529,527.96                --                 --     15,529,527.96
Ocean Development Co.                          01-10972         362,391.82                --                 --        362,391.82
Great Hawaiian Properties Corporation          01-10971            (570.94)               --                 --           (570.94)
American Hawaiian Properties Corporation       01-10976           3,675.11                --                 --          3,675.11
Great Independence Ship Co.                    01-10969      11,802,199.12                --                 --     11,802,199.12
                                                            ---------------------------------------------------------------------
                                                              2,068,878.58          2,922.41           3,176.41      2,068,624.58
                                                            =====================================================================



                                  CAT II, Inc.

                            Accounts Receivable Aging
                             As of January 31, 2002

                                  Attachment 7

                                 Not Applicable


                                  CAT II, Inc.

                             Accounts Payable Detail
                             As of January 31, 2002

                                  Attachment 8

                                 Not Applicable


DEBTOR: CAT II, INC.                                 CASE NUMBER: 01-10968 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Other long-term liabilities consists of deferred tax assets and
         liabilities, net. Deferred tax assets and liabilities have been
         recognized for the expected future tax consequences of temporary
         differences between carrying amounts and the tax bases of assets and
         liabilities. The Debtor has not recorded adjustments to these amounts
         pending the outcome of Chapter 11 proceedings.

2.       Amount represents pre-petition pre-paid airline tickets. Amounts
         representing liabilities to airlines for airline tickets and contained
         in "liabilities subject to compromise" may be setoff by pre-paid
         airline tickets.

EX-99.12

                                                                   EXHIBIT 99.12


DEBTOR: GREAT INDEPENDENCE SHIP CO.                  CASE NUMBER: 01-10969 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.


/s/ Nicholas J. Davison
- --------------------------------
Nicholas J. Davison
Senior Vice President, Finance



 DEBTOR: GREAT INDEPENDENCE SHIP CO.                CASE NUMBER: 01-10969 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED


                                    CONTENTS

Attachment 1              Summary of Bank and Investment Accounts

Attachment 2              Schedule of Receipts and Disbursements

Attachment 3              Bank and Investment Account Statements

Attachment 4              Income Statement

Attachment 5              Balance Sheet

Attachment 6              Summary of Due To/Due From Intercompany Accounts

Attachment 7              Accounts Receivable Aging

Attachment 8              Accounts Payable Detail

Attachment 9              Notes to January 2002 Monthly Operating Report




                                                                    ATTACHMENT 1


                     Summary Of Bank And Investment Accounts
                           Great Independence Ship Co.
Summary                      Case No: 01-10969 (EIK)                  UNAUDITED
Great Independence Ship Co.   For Month Of January, 2002




                                       Balances
                           ------------------------------    Receipts &      Bank
                                 Opening          Closing    Disbursements   Statements         Account
Account                    As Of 1/01/02    As Of 1/31/02    Included        Included           Reconciled
- -------                    -------------    -------------    -------------   ----------         ----------
                                                                                 
Independence Steamer             0.00         0.00           No-              No - Not          No -
Bank of Hawaii                                               No Activity      Concentration     No Activity
Account # - 0001-029126                                                       Account


                                                                    ATTACHMENT 2

                            Receipts & Disbursements
                           Great Independence Ship Co.
Summary                      Case No: 01-10969 (EIK)
Great Independence Ship C   For Month Of January, 2002
Attach 2&3

         No Receipts Or Disbursements Due To No Active Accounts



                                                                    ATTACHMENT 3

                 Concentration & Investment Account Statements
                           Great Independence Ship Co.
Summary                      Case No: 01-10969 (EIK)
Great Independence Ship C   For Month Of January, 2002
Attach 2&3



         No Statements Due To No Concentration Or Investment Accounts



                                                                    ATTACHMENT 4


                              AMCV US SET OF BOOKS
                        INCOME STATEMENT - ATTACHMENT 4
                             CURRENT PERIOD: JAN-02

CURRENCY USD
  COMPANY=54 (S.S. INDEPENDENCE)


                                                  PTD-ACTUAL
                                                     JAN-02
                                                 --------------
                                              
REVENUE
  GROSS REVENUE                                      3,861.10
  ALLOWANCES                                             0.00
                                                 ------------
  NET REVENUE                                        3,861.10
OPERATING EXPENSES
  AIR                                                   67.31
  HOTEL                                                 88.96
  COMMISSIONS                                            0.00
  ONBOARD EXPENSES                                       0.00
  PASSENGER EXPENSES                                (2,430.35)
  VESSEL EXPENSES                                    9,034.51
  LAYUP/DRYDOCK EXPENSE                                  0.00
  VESSEL INSURANCE                                  10,363.77
                                                 ------------
  TOTAL OPERATING EXPENSES                          17,124.20
                                                 ------------
  GROSS PROFIT                                     (13,263.10)
SG&A EXPENSES
  GENERAL AND ADMIN EXPENSES                      (132,213.10)
   SALES & MARKETING                                     0.00
   PRE-OPENING COSTS                                     0.00
                                                 ------------
  TOTAL SG&A EXPENSES                             (132,213.10)
                                                 ------------
  EBITDA                                           118,950.00
  DEPRECIATION                                           0.00
                                                 ------------
  OPERATING INCOME                                 118,950.00
  OTHER EXPENSE/(INCOME)
  INTEREST INCOME                                        0.00
  INTEREST EXPENSE                                   4,191.38
  EQUITY IN EARNINGS FOR SUB                             0.00
  REORGANIZATION EXPENSES                                0.00
                                                 ------------
  TOTAL OTHER EXPENSE/ (INCOME)                      4,191.38
                                                 ------------
  NET PRETAX INCOME/(LOSS)                         114,758.62
                                                 ------------
  INCOME TAX EXPENSE                                     0.00
                                                 ------------
  NET INCOME/ (LOSS)                               114,758.62
                                                 ------------




                                                                    ATTACHMENT 5


                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02
currency USD
  Company=54 (S.S. INDEPENDENCE)





                                                              YTD-Actual                       YTD-Actual
                                                                JAN-02                            OCT-01
                                                             ------------                      ------------
                                                                                         
ASSETS
       Cash and Equivalent                                           0.00                         64,505.83
       Restricted Cash                                               0.00                              0.00
       Marketable Securities                                         0.00                              0.00
       Accounts Receivable                                     175,538.74                        175,538.74
       Inventories                                           1,144,821.19                      1,148,206.76
       Prepaid Expenses                                              0.00                          2,954.26
       Other Current Assets                                          0.00                         16,615.13
                                                          ---------------                   ---------------
              Total Current Assets                           1,320,359.93                      1,407,820.72
       Fixed Assets                                         97,928,924.04                     97,928,924.04
       Accumulated Depreciation                            (44,272,667.29)                   (44,272,667.29)
                                                          ---------------                   ---------------
              Net Fixed Assets                              53,656,256.75                     53,656,256.75
       Net Goodwill                                                  0.00                              0.00
       Intercompany Due To/From                            (17,782,354.24)                   (17,643,280.88)
       Net Deferred Financing Fees                             695,767.98                        709,459.82
       Net Investment in Subsidiaries                                0.00                              0.00
       Other Non Current Assets                                      0.00                              0.00
                                                          ---------------                   ---------------
              Total Other Assets                           (17,086,586.26)                   (16,933,821.06)
                                                          ---------------                   ---------------
              Total Assets                                  37,890,030.42                     38,130,256.41
                                                          ---------------                   ---------------




                                                            ATTACHMENT 5 (CON'T)


                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02


currency USD
Company=54 (S.S. INDEPENDENCE)




                                                                 YTD-Actual                       YTD-Actual
                                                                   JAN-02                            OCT-01
                                                               -------------                     -------------
LIABILITIES
                                                                                           
       Accounts Payable                                                 0.00                              0.00
       Accrued Liabilities                                          7,023.00                         31,544.34
       Deposits                                                         0.00                              0.00
                                                               -------------                     -------------
              Total Current Liabilities                             7,023.00                         31,544.34
       Long Term Debt                                                   0.00                              0.00
       Other Long Term Liabilities                              1,266,494.79                      1,266,494.79
                                                               -------------                     -------------
              Total Liabilities                                 1,273,517.79                      1,298,039.13

OTHER
       Liabilities Subject to Compromise                       32,349,773.96                     32,372,521.16
                                                               -------------                     -------------
              Total Other                                      32,349,773.96                     32,372,521.16

OWNER'S EQUITY
       Common Stock                                                 1,000.00                          1,000.00
       Add'1 Paid In Capital                                   17,616,000.00                     17,616,000.00
       Current Net Income (Loss)                                  114,758.62                     (9,694,324.85)
       Retained Earnings                                      (13,465,019.95)                    (3,462,979.03)
                                                               -------------                     -------------
              Total Owner's Equity                              4,266,738.67                      4,459,696.12
                                                               -------------                     -------------
              Total Liabilities & Equity                       37,890,030.42                     38,130,256.41
                                                               -------------                     -------------




                                                                    ATTACHMENT 6


                          Great Independence Ship Co.
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002




                                                                    BEGINNING                                        ENDING
AFFILIATE NAME                                 CASE NUMBER          BALANCE            DEBITS           CREDITS      BALANCE
- --------------                                 -----------          -------            ------           -------      -------
                                                                                                   
American Classic Voyages Co.                     01-10954        (24,954,400.67)    135,221.84      129,763.75    (24,948,942.58)
AMCV Cruise Operations, Inc.                     01-10967        (36,632,816.41)            --       12,874.01    (36,645,690.42)
The Delta Queen Steamboat Co.                    01-10970             27,551.11      55,533.72              --         83,084.83
Great AQ Steamboat, L.L.C                        01-10960              4,881.60             --              --          4,881.60
Great Ocean Cruise Line, L.L.C                   01-10959              2,195.09             --              --          2,195.09
Cruise America Travel, Incorporated              01-10966            (16,321.27)            --              --        (16,321.27)
Cape Cod Light, L.L.C                            01-10962            (32,099.49)            --              --        (32,099.49)
Project America, Inc.                            N/A                  21,415.35             --              --         21,415.35
Oceanic Ship Co.                                 N/A               1,172,074.09             --              --      1,172,074.09
Project America Ship 1, Inc.                     N/A                 277,329.74             --              --        277,329.74
Great Hawaiian Cruise Line, Inc.                 01-10975         24,661,273.21                             --     24,661,273.21
Great Hawaiian Properties Corporation            01-10971         28,898,393.97                             --     28,898,393.97
American Hawaiian Properties Corporation         01-10976            543,024.70             --          773.94        542,250.76
Cat II, Inc.                                     01-10968        (11,802,199.12)            --              --    (11,802,199.12)
                                                                 --------------     ----------      ----------    --------------
                                                                 (17,829,698.10)    190,755.56      143,411.70    (17,782,354.24)
                                                                 ==============     ==========      ==========    ==============




                                                                   ATTACHMENT #7



GREAT INDEPENDENCE SHIP, CO.                            CASE #:  01-10969 (EIK)

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING



DETAIL:                                             0-30 DAYS      31-60 DAYS  61-90 DAYS        91+ DAYS                TOTAL
- -------                                             ---------      ----------  ----------        --------                -----
                                                                                                         
Paymentech Credit Card Processor                                                                132528.09               132528.09
American Express Credit Card Processor                                                            9897.46                 9897.46
Discover Credit Card Processor                                                                   19562.88                19562.88
Diners Credit Card Processor                                                                        646.5                  646.5
Travel Agents                                                                    9649.45         12903.81                22553.26
Total                                                    0               0       9649.45        175538.74               185188.19





                          GREAT INDEPENDENCE SHIP CO.

                            ACCOUNTS PAYABLE DETAIL
                             AS OF JANUARY 31, 2002

                                  ATTACHMENT 8

                                 NOT APPLICABLE

DEBTOR: GREAT INDEPENDENCE SHIP CO.                CASE NUMBER: 01-10969 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       On October 22, 2001, the Debtor ceased all operations, and the U.S.
         Maritime Administration took possession of the ss Independence, the
         Debtor's primary asset, in connection with the uncontested foreclosure
         of its marine lien on the vessel. In connection therewith, the Debtor
         ceased recording depreciation expense and ceased accruing for the next
         scheduled dry-dock.

2.       Deferred financing costs represent costs incurred in connection with
         placing pre- petition debt instruments. Deferred financing costs are
         being amortized to interest expense over the term of the applicable
         debt instrument. The Debtor has ceased paying cash interest on its
         long-term debt, and accordingly, has ceased accruing for such payments
         as interest expense.

3.       Other long-term liabilities consists of deferred tax assets and
         liabilities, net. Deferred tax assets and liabilities have been
         recognized for the expected future tax consequences of temporary
         differences between carrying amounts and the tax bases of assets and
         liabilities. The Debtor has not recorded adjustments to these amounts
         pending the outcome of Chapter 11 proceedings.

4.       Prepaid insurance and accruals for self-insured claims are
         un-reconciled pending receipt and final review of required information.



DEBTOR: GREAT INDEPENDENCE SHIP CO.                CASE NUMBER: 01-10969 (EIK)


                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

5.       Food and beverage inventories for the SS Independence have been
         adjusted to reflect physical inventory counts on board the ship on
         October 20, 2001. All other inventory values are based on information
         contained in the computer systems. See Note 1.

EX-99.13

                                                                   EXHIBIT 99.13


DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY           CASE NUMBER: 01-10970 (EIK)


                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.

/s/ Nicholas J. Davison
- ------------------------------
Nicholas J. Davison
Senior Vice President, Finance



DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY           CASE NUMBER: 01-10970 (EIK)


                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED


                                    CONTENTS


Attachment 1        Summary of Bank and Investment Accounts

Attachment 2        Schedule of Receipts and Disbursements

Attachment 3        Bank and Investment Account Statements

Attachment 4        Income Statement

Attachment 5        Balance Sheet

Attachment 6        Summary of Due To/Due From Intercompany Accounts

Attachment 7        Accounts Receivable Aging

Attachment 8        Accounts Payable Detail

Attachment 9        Notes to January 2002 Monthly Operating Report



                                                                     
                              Summary Of Bank And Investment Accounts      Attachment 1
                                 The Delta Queen Steamboat Co.
Summary                               Case No: 01-10970 EIK                UNAUDITED
The Delta Queen Steamboat Co.       For Month Of January, 2002






                                                       Balances
                                           -------------------------------     Receipts &        Bank
                                              Opening          Closing         Disbursements     Statements         Account
Account                                    As Of 1/01/02     As Of 1/31/02     Included          Included           Reconciled
- -------                                    -------------     -------------     -------------     ----------         ----------
                                                                                                     
Delta Queen Controlled Disb                126,466.59           8,877.35        Yes               Yes                  Yes
Hibernia
Account # - 542027373

Delta Queen Master Cash                    154,609.13         617,186.54        Yes               Yes                  Yes
Hibernia
Account # - 812-395-335

Delta Queen Payroll                         79,094.02         317,082.24        Yes               No - Not             Yes
Hibernia                                                                                          Concentration
Account # - 812-395-289                                                                           Account

The Delta Queen Steamboat Co.                    0.00               0.00        No -              No -                 No
LaSalle - Wealth Management                                                     No Activity       No Activity          No Activity
Account # - TNE-043290

The Delta Queen Steamboat Co.                    0.00               0.00        No-               No - Not             No -
AmSouth                                                                         No Activity       Concentration        No Activity
Account # - 19356307                                                                              Account

Delta Queen                                      0.00               0.00        No-               No - Not             No
LaSalle                                                                         No Activity       Concentration        No Activity
Account # - 5800155771                                                                            Account

DQ Credit Card                                   0.00               0.00        Yes               No - Not             Yes
Bank One                                                                                          Concentration
Account # - 552-0110062868                                                                        Account

DQ Master Cash                                   0.00               0.00        No-               No - Not             No -
Bank One                                                                        No Activity       Concentration        No Activity
Account # - 552-0110256700                                                                        Account

The Delta Queen Steamboat Co               381,343.44          83,366.84        Yes               No - Not             Yes
Receipts                                                                                          Concentration
Hibernia                                                                                          Account
Account # - 882-390-047

The Delta Queen Steamboat Co               239,567.00         239,567.00        Yes               No - Not             Yes
Receipts                                                                                          Concentration
LaSalle                                                                                           Account
Account # - 5800155839

The Delta Queen Steamboat Go                     0.00               0.00        No -              No - Not             No
Escrow Account                                                                  No Activity       Concentration        No Activity
LaSalle                                                                                           Account
Account # - 62-8930-70-3




                                 Receipts & Disbursements       Attachment 2-1
                              The Delta Queen Steamboat Co.
R&D -Hibemia                      Case No: 01-10970 (EIK)            UNAUDITED
DQ Controlled Disb                        Hibernia
                                Controlled Disbursements
                                   Account # - 542027373
                               1 January 02 - 31 January 02


                            
Opening Balance - 1 Jan 02
                            126,466.59
Receipts
                            804,346.45  From The Delta Queen Steam Boat Co. -
                                          Hibernia - DQSC Master Cash - Account (812-395-335)

                            804,346.45  Total Receipts

Disbursements
                               (293.50)     Air Ticket
                            (31,746.73)     Crew Medical & Maintenance
                            (34,794.20)     DQ Commission
                           (105,499.47)     Payroll Related
                           (164,425.31)     Professiona Fees
                            (18,082.85)     SG&A Finance
                            (66,761.78)     SG&A - I.T.
                             (6,734.08)     SG&A- Marine Ops
                             (5,489.10)     SG&A - Office - Chicago
                             (7,056.65)     SG&A - Office - Honolulu
                            (55,663.34)     SG&A - Office - NOLA
                           (194,564.55)     SG&A - Office - Weston
                             (2,073.47)     SG&A - Passenger Services
                                (32.50)     SG&A - Risk
                            (82,836.74)     SG&A - Sales & Marketing
                            (44,890.30)     Vessel Ops - DQ
                           (100,991.12)     Vessel Ops - Non-DQ
                           (921,935.69)     Total Disbursements

Closing Balance - 31 Jan 02
                              8,877.35





                                                                  ATTACHMENT 2-2

                             Receipts & Disbursements
                           The Delta Queen Steamboat Co.
R&D -HIBERNIA                 Case No: 01-10970 (EIK)                  UNAUDITED
DQ MASTER CASH                       Hibernia
                                  DQ Master Cash
                             Account # - 812-395-335
                           1 January 02 - 31 January 02


                                 
Opening Balance - 1 Jan 02
                       154,609.13

Receipts
                        27,295.25      Airline Reporting Clearinghouse Reversals
                        80,800.00      Asset Sales
                     1,900,000.00      From American Classic Voyages Co - Credit Suisse
                                         Asset Management - Account (247003452)
                       235,000.00      From AMCV Cruise Operations, Inc. - First Union -
                                         AMCV Cruise Ops Master Cash - Account (2090002602362)
                        40,000.00      From The Delta Queen Steamboat Co. - Hibernia -
                                         DQ Payroll - Account (812-395-289)
                       300,000.00      From The Delta Queen Steamboat Co. - Hibernia -
                                         DQSC Receipts - Account (882-390-047)
                        43,760.00      From AMCV Cruise Operations, Inc. - New Orleans Office -
                                         Petty Cash
                        53,582.66      Other Local Deposits
                    -------------
                     2,680,437.91      Total Receipts

Disbursements
                      (804,346.45)     To The Delta Queen Steam Boat Co. -
                                         Hibernia - DQSC Contr. Disb. - Account (542027373)
                        (1,218.39)     Airline Reporting Clearinghouse
                       (55,936.12)     401 K Payroll Payments
                      (105,000.00)     To American Classic Voyages Co. - Chase -
                                         AMCV Medical Benefits - Account (002-2-426522)
                       (90,000.00)     To Great AQ Steamboat, LLC - Hibernia -
                                         AQ Steamer - Account (812-395-343)
                    (1,040,000.00)     To The Delta Queen Steam Boat Co. - Hibernia -
                                         DQ Payroll - Account (812-395-289)
                       (70,000.00)     To Great River Cruise Line, LLC - Hibernia -
                                         DQ Steamer - Account (812-395-270)
                        (8,472.88)     Sysco
                        (7,987.31)     Weston Security
                       (23,846.74)     WorldCom Phone Bill
                        (7,390.00)     Moving Expense - Miami To New Orleans
                         3 662.61      Other Miscellaneous Payments
                   --------------
                    (2,217,860.50)     Total Disbursements

Closing Balance - 31 Jan 02
                       617,186.54





                             Receipts & Disbursements            Attachment 2-3
                          The Delta Queen Steamboat Co.
R&D -HIBERNIA               Case No: 01-10970 (EIK)                   UNAUDITED
DO PAYROLL                          Hibernia
                                   DQ Payroll
                             Account # - 812-395-289
                          1 January 02 - 31 January 02


                                               
Opening Balance - 1 Jan 02
                                      79,094.02
Receipts
                                   1,040,000.00      From The Delta Queen Steam Boat Co. -
                                                       Hibernia - DQSC Master Cash - Account (812-395-335)
                                      90,000.00      From Great AQ Steamboat LLC - Hibernia -
                                                       AQ Steamer - Account (812-395-343)
                                       8,045.18      From American Classic Voyages Co - LaSalle
                                                       AMCV Payroll - Account (2369368)
                                       8,236.62      From Ocean Development Corp - LaSalle
                                                       ODC Payroll - Account (5800156175)
                                     215,979.91      Payroll Service (ADP) Reversals
                                  -------------
                                   1,362,261.71      Total Receipts

Disbursements
                                     (40,000.00)     From The Delta Queen Steam Boat Co. -
                                                       Hibernia - DQSC Master Cash - Account (812-395-335)
                                    (917,374.08)     Payroll - Wires
                                    (166,899.41)     Payroll - Checks
                                  -------------
                                  (1,124,273.49)     Total Disbursements

Closing Balance - 31 Jan 02
                                     317,082.24





                            Receipts & Disbursements              Attachment 2-4
                          The Delta Queen Steamboat Co.
R&D -BankOne                Case No: 01-10970 (EIK)                    UNAUDITED
DQ Credit Cards                    Bank One
                            Delta Queen Credit Cards
                           Account # - 552-0110062868
                          1 January 02 - 31 January 02


                                           
Opening Balance - 1 Jan 02
                                         0.00
Receipts                               773.50    Credit Card Charge Back Reversal -
                                                   Paymentech
                                     --------
                                       773.50    Total Receipts

Disbursements

                                      (773.50)   To Great Hawaiian Properties Corporation -
                                                 Bank One - AHC Mainland Payroll
                                                 Account (552-0110673387)

                                     --------
                                      (773.50)

Closing Balance - 31 Jan 02
                                         0.00





                                 Receipts & Disbursements       Attachment 2-5
                              The Delta Queen Steamboat Co.
R&D -Hibernia                   Case No: 01-10970(EIK)               UNAUDITED
DQSC Receipts                        Hibernia
                                  DQSC Receipts
                             Account # - 882-390-047
                          1 January 02 - 31 January 02

                                              
Opening Balance - 1 Jan 02
                                 381,343.44
Recei is
                                   2,700.00         Miscellaneous Receipts

                              -------------
                                   2,700.00         Total Receipts

 Disbursements
                                (300,000.00)        To The Delta Queen Steamboat Co - Hibernia -
                                                      DQ Master Cash - Account (812-395-335)
                                     (76.60)        Credit Card Processor Fees
                                    (600.00)        Credit Card Chargeback
                              -------------
                                (300,676.60)        Total Disbursements

Closing Balance - 31 Jan 02
                                  83,366.84





                             Receipts & Disbursements           Attachment 2-6
                         The Delta Queen Steamboat Co.
R&D - LaSalle               Case No: 01-10970 (EIK)                  UNAUDITED
DQSC Receipts                        LaSalle
                                  DQSC Receipts
                             Account # - 5800155839
                          1 January 02 - 31 January 02


                                           

Opening. Balance - 1 Jan 02
                               239,567.00
Receipts

                              -----------
                                     0.00        Total Receipts

Disbursements

                              -----------
                                     0.00        Total Disbursements

Closing Balance - 31 Jan 02
                               239,567.00







                           AMCV US SET OF BOOKS Date:
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

currency USD
  Company=20 (DELTA QUEEN STEAM CO)




                                                               PTD-Actual
                                                                 JAN-02
                                                              -------------
                                                           
Revenue
  Gross Revenue                                                        0.00
  Allowances                                                           0.00
                                                              -------------
  Net Revenue                                                          0.00
Operating Expenses
  Air                                                                  0.00
  Hotel                                                                0.00
  Commissions                                                          0.00
  Onboard Expenses                                                     0.00
  Passenger Expenses                                                   0.00
  Vessel Expenses                                                      0.00
  Layup/Drydock Expense                                                0.00
  Vessel Insurance                                                     0.00
                                                              -------------
  Total Operating Expenses                                             0.00
                                                              -------------
  Gross Profit                                                         0.00
SG&A Expenses
   Sales & Marketing                                                   0.00
   Pre-Opening Costs                                                   0.00
                                                              -------------
  Total SG&A Expenses                                                  0.00
                                                              -------------
  EBITDA                                                               0.00
  Depreciation                                                    43,290.79
                                                              -------------
  Operating Income                                                43,290.79)
  Other Expense/(Income)
  Interest Income                                                   (199.10)
  Interest Expense                                                     0.00
  Equity in Earnings for Sub                                  (1,084,567.24)
  Reorganization expenses                                              0.00
                                                              -------------
  Total Other Expense/(Income)                                 1,084,368.14
                                                              -------------
  Net Pretax Income/(Loss)                                    (1,127,658.93)
                                                              -------------
  Income Tax Expense                                                   0.00
                                                              -------------
  Net Income/(Loss)                                           (1,127,658.93)
                                                              -------------





                           AMCV US SET OF BOOKS Date:
                         BALANCE SHEET  - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=20 (DELTA QUEEN STEAM CO)




                                                               YTD-Actual                  YTD-Actual
                                                                 JAN-02                      OCT-01
                                                             --------------              --------------
                                                                                   
ASSETS
       Cash and Equivalent                                       604,299.03                2,494,983.63
       Restricted Cash                                            83,366.84                        0.00
       Marketable Securities                                           0.00                        0.00
       Accounts Receivable                                       350,782.90                        0.00
       Inventories                                               630,917.11                  840,779.06
       Prepaid Expenses                                                0.00                   13,147.33
       Other Current Assets                                            0.00                        0.00
                                                             --------------              --------------
              Total Current Assets                             1,669,365.88                3,348,910.02
       Fixed Assets                                            8,121,545.75                8,202,345.75
       Accumulated Depreciation                               (5,325,988.49)              (5,195,800.16)
                                                             --------------              --------------
              Net Fixed Assets                                 2,795,557.26                3,006,545.59
       Net Goodwill                                                    0.00                        0.00
       Intercompany Due To/From                               39,245,495.09               37,437,552.28
       Net Deferred Financing Fees                                     0.00                    5,434.15
       Net Investment in Subsidiaries                         32,136,466.21               33,999,708.26
       Other Non Current Assets                                        0.00                        0.00
                                                             --------------              --------------
              Total Other Assets                              71,381,961.30               71,442,694.69
                                                             --------------              --------------
              Total Assets                                    75,846,884.44               77,798,150.30
                                                             --------------              --------------





                           AMCV US SET OF BOOKS Date:
                         BALANCE SHEET  - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
  Company=20 (DELTA QUEEN STEAM CO)




                                                        YTD-Actual                   YTD-Actual
                                                          JAN-02                        OCT-01
                                                      --------------               --------------
                                                                             
LIABILITIES
       Accounts Payable                                         0.00                         0.00
       Accrued Liabilities                                 47,399.57                         0.00
       Deposits                                                 0.00                         0.00
                                                      --------------               --------------
              Total Current Liabilities                    47,399.57                         0.00
       Long Tern Debt                                           0.00                         0.00
       Other Long Term Liabilities                      9,993,779.93                 9,993,779.93
                                                      --------------               --------------
              Total Liabilities                        10,041,179.50                 9,993,779.93

OTHER
       Liabilities Subject to Compromise                  577,835.68                   577,835.68
                                                      --------------               --------------
              Total Other                                 577,835.68                   577,835.68

OWNER'S EQUITY
       Common Stock                                         1,000.00                     1,000.00
       Add'1 Paid In Capital                           33,564,332.71                33,564,332.71
       Current Net Income (Loss)                       (1,127,658.93)               (2,866,520.92)
       Retained Earnings                               32,790,195.48                36,527,722.90
                                                      --------------               --------------
              Total Owner's Equity                     65,227,869.26                67,226,534.69
                                                      --------------               --------------
              Total Liabilities & Equity               75,846,884.44                77,798,150.30
                                                      --------------               --------------



                                                                    ATTACHMENT 6

                         The Delta Queen Steamboat Co.
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002




                                                                                 BEGINNING                            ENDING
AFFILIATE NAME                               CASE NUMBER           BALANCE         DEBITS          CREDITS           BALANCE
- --------------                               -----------           -------       ---------         -------           -------
                                                                                                   
American Classic Voyages Co.                 01-10954        (4,765,381.15)      1,628,241.15   2,723,076.34       (5,860,216.34)
AMCV Cruise Operations, Inc.                 01-10967       101,335,775.02         914,929.86      52,415.91      102,198,288.97
Great AQ Steamboat, L.L.C.                   01-10960       (17,006,151.42)                --      99,171.80      (17,105,323.22)
Great Pacific NW Cruise Line, L.L.C.         01-10977        (8,436,809.68)                --             --       (8,436,809.68)
Great River Cruise Line, L.L.C.              01-10963        (6,712,972.51)         91,028.02     212,661.44       (6,834,605.93)
Great Ocean Cruise Line, L.L.C.              01-10959       (14,349,980.10)                --     267,666.17      (14,617,646.27)
Cruise America Travel, Incorporated          01-10966           269,523.37           3,472.58      27,295.25          245,700.70
Delta Queen Coastal Voyages, L.L.C.          01-10964          (901,221.80)                --             --         (901,221.80)
Cape Cod Light, L.L.C.                       01-10962        (1,436,292.11)                --             --       (1,436,292.11)
Cape May Light, L.L.C.                       01-10961        (8,452,294.56)                --      14,153.55       (8,466,448.11)
Project America, Inc.                        N/A             (2,936,984.22)                --             --       (2,936,984.22)
Oceanic Ship Co.                             N/A               (126,934.33)                --       9,876.10         (136,810.43)
Project America Ship I, Inc.                 N/A                255,723.41                 --             --          255,723.41
Project America Ship II, Inc.                N/A               (142,646.25)                --             --         (142,646.25)
Ocean Development Co.                        01-10972         2,221,004.51           1,865.60       8,236.62        2,214,633.49
Great Hawaiian Cruise Line, Inc.             01-10975            (1,286.35)                               --           (1,286.35)
Great Hawaiian Properties Corporation        01-10971           856,702.41         391,771.36       1,400.00        1,247,073.77
American Hawaiian Properties Corporation     01-10976            49,579.61                 --       6,029.32           43,550.29
Great Independence Ship Co.                  01-10969           (27,551.11)                --      55,533.72          (83,084.83)
Cat 11, Inc.                                 01-10968              (100.00)                --             --             (100.00)
                                                            --------------      -------------  -------------      --------------
                                                             39,691,702.74       3,031,308.57   3,477,516.22       39,245,495.09
                                                            ==============      =============  =============      ==============






                        THE DELTA QUEEN STEAMBOAT COMPANY

                            ACCOUNTS RECEIVABLE AGING
                             AS OF JANUARY 31, 2002




                                  ATTACHMENT 7

                                 NOT APPLICABLE





                        THE DELTA QUEEN STEAMBOAT COMPANY

                             ACCOUNTS PAYABLE DETAIL
                             AS OF JANUARY 31, 2002




                                  ATTACHMENT 8


                                 NOT APPLICABLE



DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY           CASE NUMBER: 01-10970 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Physical counts have now been performed internally all inventory
         amounts.

2.       Other long-term liabilities consists of deferred tax assets and
         liabilities, net. Deferred tax assets and liabilities have been
         recognized for the expected future tax consequences of temporary
         differences between carrying amounts and the tax bases of assets and
         liabilities. The Debtor has not recorded adjustments to these amounts
         pending the outcome of Chapter 11 proceedings.

EX-99.14

                                                                   EXHIBIT 99.14

DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION        CASE NUMBER: 01-10971 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ N. J. Davison
- --------------------------------------
Nicholas J. Davison
Senior Vice President, Finance




DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION        CASE NUMBER: 01-10971 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

                       
Attachment 1              Summary of Bank and Investment Accounts
Attachment 2              Schedule of Receipts and Disbursements
Attachment 3              Bank and Investment Account Statements
Attachment 4              Income Statement
Attachment 5              Balance Sheet
Attachment 6              Summary of Due To/Due From Intercompany Accounts
Attachment 7              Accounts Receivable Aging
Attachment 8              Accounts Payable Detail
Attachment 9              Notes to January 2002 Monthly Operating Report






                                                                                                                
                                               Summary Of Bank And Investment Accounts                                Attachment 1
                                                Great Hawaiian Properties Corporation
SUMMARY                                                Case No: 01-10971 (EIK)                                           UNAUDITED
GREAT HAWAIIAN PROPERTIES CORP                       For Month Of January, 2002





                                                Balances
                                     ------------------------------    Receipts &         Bank
                                        Opening          Closing       Disbursements      Statements      Account
Account                              As Of 1/01/02    As Of 1/31/02    Included           Included        Reconciled
- -------                              -------------    -------------    -------------      ----------      ----------
                                                                                           
AHC - Honolulu Disbursements                  0.00            0.00     No -               No -            No -
Bank One                                                               No Activity        No Activity     No Activity
Account # - 552-0110649303
AHC - Mainland Credit Cards                   0.00            0.00     Yes                No - Not        Yes
Bank One                                                                                  Concentration
Account # - 552-0110521579                                                                Account
AHC - Mainland Disbursements                  0.00            0.00     No -               No -            No
Bank One                                                               No Activity        No Activity     No Activity
Account # - 552-0110673395

AHC - Mainland Payroll                   41,173.74       46,796.72     Yes                No - Not         Yes
Bank One                                                                                  Concentration
Account # - 552-0110673387                                                                Account

AHC - Master Cash                             0.00            0.00     No-                No -            No
Bank One                                                               No Activity        No Activity     No Activity
Account # - 552-0110673360

AHC - Honolulu Credit Cards                   0.00          (84.00)    Yes                No - Not        Yes
Bank One                                                                                  Concentration
Account # - 552-0110572580                                                                Account

Great Hawaiian Prop Corp                      0.00            0.00     No-                No-             No
Goldman Sachs & Co.                                                    No Activity        No Activity     No Activity
Account # - 020-33478-5





                                                                                                              
                                                       Receipts & Disbursements                                     Attachment 2-1
                                                 Great Hawaiian Properties Corporatior
R&D - Bank One                                          Case No: 01-10971 (EIK)                                          UNAUDITED
AHC Mainland Credit Cards                                      Bank One
                                                    AHC Mainland Credit Cards
                                                    Account # - 552-0110521579 1
                                                    January 02 - 31 January 02



                                           
Opening Balance - 1 Jan 02
                                      0.00

Receipts
                                  3,151.90       Receipts From Credit Cards

                                ----------
                                  3,151.90       Total Receipts

Disbursements

                                   (252.00)      Bank Fees

                                 (2,899.90)      To Great Hawaiian Properties Corporation - Bank One -
                                                 AHC Mainland Payroll - Account (552-0110673387)

                                ----------
                                 (3,151.90)      Total Disbursements

Closing Balance - 31 Jan 02

                                     0.00






                                                                                                              
                                                             Receipts & Disbursements                               Attachment 2-2
                                                     Great Hawaiian Properties Corporation
R&D - Bank One                                            Case No: 01-10971 (EIK)
AHC Mainland Payroll                                                 Bank One                                            UNAUDITED
                                                               AHC Mainland Payroll
                                                            Account # - 552-0110673387
                                                           1 January 02 - 31 January 0



                                                
Opening Balance - 1 Jan 02
                                    41,173.74

Receipts
                                     2,173.58         From Oceanic Ship Co - Bank One -
                                                        Oceanic Credit Card -Account (1583503949)
                                                        Account (552-0110673360)
                                     2,899.90         From Great Hawaiian Properties Corporation - Bank One -
                                                        AHC Mainland Credit Card - Account (552-0110521579)
                                       773.50         From The Delta Queen Steamboat Co. -
                                                        Bank One - DQ Credit Card
                                                        Account (552-0110062868)

                                   ----------
                                     5,846.98         Total Receipts

Disbursements

                                       (84.00)        To Great Hawaiian Properties Corporation - Bank One -
                                                        AHC Honolulu Credit Card - Account (552-0110572580)
                                      (140.00)        To Oceanic Ship Co - Bank One -
                                                        Oceanic Credit Card -Account (1583503949)

                                   ----------
                                      (224.00)        Total Disbursements

Closing Balance - 31 Jan 02
                                    46,796.72






                                                                                                                   
                                                         Receipts & Disbursements                                   Attachment 2-3
                                                  Great Hawaiian Properties Corporation
R&D- Bank One                                            Case No: 01-10971 (EIK)                                         UNAUDITED
AHC Honolulu Credit Cards                                       Bank One
                                                        AHC Honolulu Credit Cards
                                                       Account # - 552-0110572580 1
                                                       January 02 - 31 January02



                                                
Opening Balance - 1 Jan 02
                                         0.00

Receipts
                                        84.00         From Great Hawaiian Properties Corporation - Bank One -
                                                        AHC Mainland Payroll - Account (552-0110673387)

                                   ----------
                                        84.00         Total Receipts

Disbursements
                                      (168.00)        Bank Fees

                                   ----------
                                      (168.00)        Total Disbursements

Closing Balance - 31 Jan 02
                                       (84.00)






                                                                                                                
                                             Concentration & Investment Account Statements                            Attachment 3
                                                 Great Hawaiian Properties Corporation
Summary                                                  Case No: 01-10971 (EIK)
Great Hawaiian Properties Corp                         For Month Of January. 2002
Attach 2&3



          No Statements Due To No Concentration Or Investment Accounts




                  AMCV US SL2 OF BOOKS DATE: 22-FLE-02 09:15:49
                     INCOME STATEMENT - ATTACHMENT 4 PAGE: 1
                             CURRENT PERIOD: JAN-02

CURRENCY USD

COMPANY=51(AHC - OPERATIONS)



                                                                   PTD-ACTUAL
                                                                   JAN-02
                                                                   ----------
                                                                
REVENUE
 GROSS REVENUE                                                        0.00
 ALLOWANCES                                                           0.00
                                                                     -----
 NET REVENUE                                                          0.00
OPERATING EXPENSES
 AIR                                                                  0.00
 HOTEL                                                                0.00
 COMMISSIONS                                                          0.00
 ONBOARD EXPENSES                                                     0.00
 PASSENGER EXPENSES                                                   0.00
 VESSEL EXPENSES                                                      0.00
 LAYUP/DRYDOCK EXPENSE                                                0.00
 VESSEL INSURANCE                                                     0.00
                                                                     -----
 TOTAL OPERATING EXPENSES                                             0.00
                                                                     -----
 GROSS PROFIT                                                         0.00
SG&A EXPENSES
   SALES & MARKETING                                                  0.00
   PRE-OPENING COSTS                                                  0.00
                                                                     -----
 TOTAL SG&A EXPENSES                                                  0.00
                                                                     -----
 EBITDA                                                               0.00
 DEPRECIATION                                                         0.00
 OPERATING INCOME                                                     0.00
 OTHER EXPENSE/ (INCOME)
 INTEREST INCOME                                                      0.00
 INTEREST EXPENSE                                                     0.00
 EQUITY IN EARNINGS FOR SUB                                           0.00
 REORGANIZATION EXPENSES                                              0.00
                                                                     -----
 TOTAL OTHER EXPENSE/(INCOME)                                         0.00
                                                                     -----
 NET PRETAX INCOME/(LOSS)                                             0.00
                                                                     -----
 INCOME TAX EXPENSE                                                   0.00
                                                                     -----
 NET INCOME/ (LOSS)                                                   0.00
                                                                     -----





                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
 Company=51 (AHC - OPERATIONS)



                                              YTD-Actual                YTD-Actual
                                              JAN-02                    CT-01
                                              --------------            ---------------
                                                                  
ASSETS

 Cash and Equivalent                               46,796.72                665,214.37

 Restricted Cash                                        0.00                      0.00

 Marketable Securities                                  0.00                      0.00

 Accounts Receivable                                    0.00                      0.00

 Inventories Note 1                                34,955.08                 36,560.78

 Prepaid Expenses                                       0.00                  1,609.00

 Other Current Assets                                   0.00                      0.00
                                             ---------------           ---------------
        Total Current Assets                       81,751.80                703,384.15

 Fixed Assets                                   1,992,727.87             1,992,727.87

 Accumulated Depreciation                      (1,687,090.91)            (1,687,090.91)
                                             ---------------           ---------------

        Net Fixed Assets                         305,636.96                 305,636.96

 Net Goodwill                                           0.00                      0.00

 Intercompany Due To/From                      20,941,524.74             20,319,892.39

 Net Deferred Financing Fees                            0.00                      0.00

 Net Investment in Subsidiaries                         0.00                      0.00

 Other Non Current Assets                               0.00                      0.00
                                             ---------------           ---------------
 Total Other Assets                            20,941,524.74             20,319,892.39
                                             ---------------           ---------------
 Total Assets                                  21,328,913.50             21,328,913.50
                                             ---------------           ---------------





                  AMCV US SET OF BOOKS Date: 22-FEu-02 09:28:38
                      BALANCE SHEET - ATTACHMENT 5 Page: 2
                             Current Period: JAN-02

currency USD
Company=51 (AHC - OPERATIONS)



                                              YTD-Actual             YTD-Actual
                                              JAN-02                 OCT-01
                                             --------------          --------------
                                                               
LIABILITIES

  Accounts Payable                                     0.00                    0.00
       Accrued Liabilities                             0.00                    0.00
       Deposits                                        0.00                    0.00
              Total Current Liabilities                0.00                    0.00
       Long Term Debt                                  0.00                    0.00
       Other Long Term Liabilities           (15,184,601.60)         (15,184,601.60)
                                             --------------          --------------
              Total Liabilities               15,184,601.60)         (15,184,601.60)

 OTHER
       Liabilities Subject to Compromise               0.00                    0.00
                                             --------------          --------------
              Total Other                              0.00                    0.00

 OWNER'S EQUITY
       Common Stock                                9,440.25                9,440.25
       Add'1 Paid In Capital                  83,336,732.73           83,336,732.73
       Current Net Income (Loss)                       0.00             (516,397.64)
       Retained Earnings                     (46,832,657.88)         (46,316,260.24)
                                             --------------          --------------
              Total Owner's Equity               36,513,515           36,513,515.10
                                             --------------          --------------
              Total Liabilities & Equity      21,328,913.50           21,328,913.50
                                             --------------          --------------





                     Great Hawaiian Properties Corporation
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                                                 BEGINNING                             ENDING
AFFILIATE NAME                            CASE NUMBER       BALANCE               DEBITS            CREDITS            BALANCE
                                                                                                    
American Classic Voyages Co.               01-10954      50,730,599.25          380,442.02             70.68
51,110,970.59
AMCV Cruise Operations, Inc.               01-10967       6,121,103.54                 --           4,228.48         6,116,875.06
The Delta Queen Steamboat Co.              01-10970        (856,702.41)          1,400.00         391,771.36        (1,247,073.77)
Great AQ Steamboat, L.L.C.                 01-10960          22,591.38                  --                --            22,591.38
Great Pacific NW Cruise Line, L.L.C.       01-10977          66,513.26                  --                              66,513.26
Great River Cruise Line, L.L.C.            01-10963          41,555.00                  --                              41,555.00
Great Ocean Cruise Line, L.L.C.            01-10959          34,964.32                  --                              34,964.32
Cape May Light, L.L.C.                     01-10961          (4,188.00)                 --                --            (4,188.00)
Project America, Inc.                      N/A            (3006,981.48)                 --            621.00        (3.007,602.48)
Oceanic Ship Co.                           N/A                (345,917)                                               (345,917.07)
Ocean Development Co.                      011 0972         780,707.24                  --                --           780,707.24
Great Hawaiian Cruise Line, Inc.           01-10975      (3,667,617.75)                                   --        (3,667,617.75)
American Hawaiian Properties Corporation   01-10976         (62,430.01)           8,452.90          8,452.90           (62,430.01)
Great Independence Ship Co.                01-10969     (28,898,393.97)                 --                --       (28,898,393.97)
Cat 11, Inc.                               01-10968             570.94                  --                --               570.94
                                                        -------------------------------------------------------------------------
                                                         20,956,374.24          390,294.92        405,144 42        20,941,524 74
                                                        =========================================================================





                      Great Hawaiian Properties Corporation

                            Accounts Receivable Aging
                             As of January 31, 2002

                                  Attachment 7

                                 Not Applicable



                      Great Hawaiian Properties Corporation

                             Accounts Payable Detail
                             As of January 31, 2002

                                  Attachment 8

                                 Not Applicable




DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION        CASE NUMBER: 01-10971 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                   NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Amount represents obsolete in inventory that is held for auction.

2.       Other long-term liabilities consists of deferred tax assets and
         liabilities, net. Deferred tax assets and liabilities have been
         recognized for the expected future tax consequences of temporary
         differences between carrying amounts and the tax bases of assets and
         liabilities. The Debtor has not recorded adjustments to these amounts
         pending the outcome of Chapter 11 proceedings.

EX-99.15

                                                                   EXHIBIT 99.15

DEBTOR: OCEAN DEVELOPMENT CO.                        CASE NUMBER: 01-10972 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ N. J. Davison
- ---------------------------------
Nicholas J. Davison
Senior Vice President, Finance




DEBTOR: OCEAN DEVELOPMENT CO.                        CASE NUMBER: 01-10972 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

                        
Attachment 1               Summary of Bank and Investment Accounts
Attachment 2               Schedule of Receipts and Disbursements
Attachment 3               Bank and Investment Account Statements
Attachment 4               Income Statement
Attachment 5               Balance Sheet
Attachment 6               Summary of Due To/Due From Intercompany Accounts
Attachment 7               Accounts Receivable Aging
Attachment 8               Accounts Payable Detail
Attachment 9               Notes to January Monthly Operating Report






                                                                                                                
                                        Summary Of Bank, Investment & Petty Cash Accounts                             Attachment 1
                                                      Ocean Development Co.
Summary                                              Case No: 01-10972 (EIK)                                             UNAUDITED
Ocean Development Co.                              For Month Of January, 2002





                                                Balances
                                     ------------------------------    Receipts &         Bank
                                        Opening          Closing       Disbursements      Statements      Account
Account                              As Of 1/01/02    As Of 1/31/02    Included           Included        Reconciled
- -------                              -------------    -------------    -------------      ----------      ----------
                                                                                           

Ocean Development Co.                      0.00             0.00       No -               No - Not        No -
City National Bank                                                     No Activity        Concentration   No Activity
Account # - 1604832                                                                       Account
ODC Disbursements                          0.00             0.00       No-                No - Not        No
LaSalle Bank                                                           No Activity        Concentration   No Activity
Account # - 5800156167                                                                    Account

ODC Payroll                            8,265.77             0.00       Yes                No - Not        Yes
LaSalle Bank                                                                              Concentration
Account # - 5800156175                                                                    Account

Ocean Development Co.                      0.00             0.00       No-                Not A Bank      No -
Petty Cash                                                             No Activity        Account         No Activity





                                                                                                                
                                                       Receipts & Disbursements                                       Attachment 2
                                                         Ocean Development Co.
R&D -LASALLE                                            Case No: 01-10972 (EIK)                                          UNAUDITED
ODC PAYROLL                                                     LaSalle
                                                              ODC Payroll
                                                        Account # - 5800156175
                                                     1 January 02 - 31 January 02



                                             
Opening Balance - 1 Jan 02
                                    8,265.77

Receipts

                                  ----------
                                        0.00       Total Receipts

Disbursements

                                      (29.15)       Bank Fees

                                   (8,236.62)        To The Delta Queen Steamboat Co - Hibernia -
                                                      DQ Payroll - Account (812-395-289)

                                  ----------
                                   (8,265.77)       Total Disbursements

 Closing Balance - 31 Jan 02
                                        0.00






                                                                                                                
                                           Concentration & Investment Account Statements                              Attachment 3
                                                       Ocean Development Co.
Summary                                               Case No: 01-10972 (EIKI
Ocean Development Co.                                For Month Of January, 2002
Attach 283



          No Statements Due To No Concentration Or Investment Accounts




                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

currency USD
 Company=61 (ODC)



                                                                   PTD-Actual
                                                                   JAN-02
                                                                   --------------
                                                                
Revenue
 Gross Revenue                                                          0.00
 Allowances                                                             0.00
                                                                       -----
 Net Revenue                                                            0.00
Operating Expenses
 Air                                                                    0.00
 Hotel                                                                  0.00
 Commissions                                                            0.00
 Onboard Expenses                                                       0.00
 Passenger Expenses                                                     0.00
 Vessel Expenses                                                        0.00
 Layup/Drydock Expense                                                  0.00
 Vessel Insurance                                                       0.00
                                                                       -----
 Total Operating Expenses                                               0.00
                                                                       -----
 Gross Profit                                                           0.00
SG&A Expenses
   Sales & Marketing                                                    0.00
   Pre-Opening Costs                                                    0.00
                                                                       -----
 Total SG&A Expenses                                                    0.00
                                                                       -----
 EBITDA                                                                 0.00
 Depreciation                                                           0.00
                                                                       -----
 Operating Income                                                       0.00
 Other Expense/(Income)
 Interest Income                                                        0.00
 Equity in Earnings for Sub                                             0.00
 Reorganization expenses                                                0.00
                                                                       -----
 Total Other Expense/(Income)                                           0.00
                                                                       -----
 Net Pretax Income/(Loss)                                               0.00
                                                                       -----
 Income Tax Expense                                                     0.00
                                                                       -----
 Net Income/(Loss)                                                      0.00
                                                                       -----





                  AMCV US SET OF BOOKS Date: 25-FEB-02 09:50:26
                      BALANCE SHEET - ATTACHMENT 5 Page: 1
                             Current Period: JAN-02

currency USD
 Company=61 (ODC)



                                                          YTD-Actual                     YTD-Actual
                                                          JAN-02                         OCT-01
                                                          ---------------                ---------------
                                                                                   
ASSETS
     Cash and Equivalent                                             0.00                   118,106.14
     Restricted Cash                                                 0.00                         0.00
     Marketable Securities                                           0.00                         0.00
     Accounts Receivable                                             0.00                   151,000.00
     Inventories                                                     0.00                         0.00
     Prepaid Expenses                                                0.00                     2,428.25
     Other Current Assets                                            0.00                    12,086.31
            Total Current Assets                                     0.00                   283,620.70
     Fixed Assets                                                    0.00                   475,030.49
     Accumulated Depreciation                                        0.00                  (200,064.63)
            Net Fixed Assets                                         0.00                   274,965.86
     Net Goodwill                                                    0.00                         0.00
     Intercompany Due To/From                                 (585,793.50)                 (661,080.60)
     Net Deferred Financing Fees                                     0.00                         0.00
     Net Investment in Subsidiaries                                  0.00                         0.00
     Other Non Current Assets                                        0.00                         0.00
            Total Other Assets                                (585,793.50)                 (661,080.60)
            Total Assets                                      (585,793.50)                 (102,494.04)





                  AMCV US SET OF BOOKS Date: 25-FEB-02 09:50:26
                      BALANCE SHEET - ATTACHMENT 5 Page: 2
                             Current Period: JAN-02

currency USD
 Company=61 (ODC)



                                                            YTD-Actual                   YTD-Actual
                                                            JAN-02                       OCT-01
                                                            --------------               --------------
                                                                                   
LIABILITIES
     Accounts Payable                                                 0.00                     8,352.05
     Accrued Liabilities                                              0.00                     4,455.57
     Deposits                                                         0.00                         0.00
                                                              ------------                -------------
            Total Current Liabilities                                 0.00                    12,807.62
     Long Term Debt                                                   0.00                         0.00
     Other Long Term Liabilities                                      0.00                         0.00
                                                              ------------                -------------
            Total Liabilities                                         0.00                    12,807.62

OTHER
     Liabilities Subject to Compromise                           12,807.62                         0.00
                                                              ------------                -------------
            Total Other                                          12,807.62                         0.00

OWNER'S EQUITY
     Common Stock                                                     1.00                         1.00
     Add'1 Paid In Capital                                           99.00                        99.00
     Current Net Income (Loss)                                        0.00                   (34,923.61)
     Retained Earnings                                         (598,701.12)                  (80,478.05)
                                                             -------------                --------------
            Total Owner's Equity                               (598,601.12)                  115,301.66)
                                                             -------------                --------------
            Total Liabilities & Equity                         (585,793.50)                 (102,494.04)
                                                             -------------                --------------





                              Ocean Development Co.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                                 BEGINNING                                               ENDING
AFFILIATE NAME                                CASE NUMBER         BALANCE             DEBITS          CREDITS           BALANCE
                                                                                                     
American Classic Voyages Co.                  01-10954        (206,379,952.56)              --              --      (206,379,952.56)
AMCV Cruise Operations, Inc.                  01-10967          (1,564,704.50)      451,834.32      451,935.90        (1,564,806.08)
The Delta Queen Steamboat Co.                 01-10970          (2,221,004.51)        8,236.62        1,865.60        (2,214,633.49)
Great Pacific NW Cruise Line, L.L.C.          01-10977          24,185,738.20               --              --        24,185,738.20
Cruise America Travel, Incorporated           01-10966             (15,996.19)              --              --           (15,996.19)
Cape Cod Light, L.L.C.                        01-10962          13,075,170.55        73,481.41       73,481.41        13,075,170.55
Cape May Light, 1L.L.C.                       01-10961          14,604,239.22           528.00          528.00        14,604,239.22
Project America, Inc.                         N/A                 (121,769.93)              --              --          (121,769.93)
Oceanic Ship Co:                              N/A               16,588,600.15               --              --        16,588,600.15
Project America Ship I, Inc.                  N/A               88,694,801.97        74,420.36       74,420.36        88,694,801.97
Project America Ship II, Inc.                 N/A               53,705,913.72        59,046.19       59,046.19        53,705,913.72
Great Hawaiian Properties Corporation         01-10971            (780,707.24)              --              --          (780,707.24)
CAT II, Inc.                                  01-10968            (362,391.82)              --              --          (362,391.82)
                                                             ----------------------------------------------------------------------
                                                                  (592.062.94)      667.546.90      661.277.46          (585,793.50)
                                                             ======================================================================





                              Ocean Development Co.

                            Accounts Receivable Aging
                             As of January 31, 2002

                                  Attachment 7

                                 Not Applicable




                              Ocean Development Co.

                             Accounts Payable Detail
                             As of January 31, 2002

                                  Attachment 8

                                 Not Applicable




DEBTOR: OCEAN DEVELOPMENT CO.                        CASE NUMBER: 01-10972 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

EX-99.16

                                                                   EXHIBIT 99.16


DEBTOR: AMCV HOLDINGS, INC.                         CASE NUMBER: 01-10973 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicohlas J. Davison
- -------------------------------
Nicholas J. Davison
Senior-Vice-President, Finance




DEBTOR: AMCV HOLDINGS, INC.                        CASE NUMBER: 01-10973 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

Attachment 1              Summary of Bank and Investment Accounts

Attachment 2              Schedule of Receipts and Disbursements

Attachment 3              Bank and Investment Account Statements

Attachment 4              Income Statement

Attachment 5              Balance Sheet

Attachment 6              Summary of Due To/Due From Intercompany Accounts

Attachment 7              Accounts Receivable Aging

Attachment 8              Accounts Payable Detail

Attachment 9              Notes to January 2002 Monthly Operating Report





               Summary Of Bank And Investment Accounts             Attachment 1
                               AMCV Holdings, Inc.
Summary                       Case No: 01-10973 (EIK)                 UNAUDITED
AMCV Holdings, Inc.        For Month Of January, 2002



                                        Balances
                            -----------------------------------     Receipts &        Bank
                               Opening               Closing        Disbursements     Statements     Account
Account                     As Of 1/01/02         As Of 1/31/02     Included          Included       Reconciled
- -------                     -------------         -------------     -------------     ----------     ----------
                                                                                      
No Bank Or Investment            NA                     NA               NA               NA             NA
Accounts





                           Receipts & Disbursements                Attachment 2
                               AMCV Holdings, Inc.
Summary                     Case No: 01-10973 (EIK)
AMCV Holdings, Inc.       For Month Of January. 2002
Attach 2&3

     No Receipts Or Disbursements Due To No Bank Or Investment Accounts




                Concentration & Investment Account Statements      Attachment 3
                               AMCV Holdings, Inc.
Summary                      Case No: 01-10973 (EIK)
AMCV Holdings, Inc.        For Month Of January, 2002
Attach 2&3

     No Statements Due To No Concentration Or Investment Accounts




                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02


currency USD
  Company=12 (AMCV - HOLDINGS)



                                          PTD-Actual
                                          JAN-02
                                          --------------
                                       
Revenue
  Gross Revenue                                     0.00
  Allowances                                        0.00
                                          --------------
  Net Revenue                                       0.00

Operating Expenses
  Air                                               0.00
  Hotel                                             0.00
  Commissions                                       0.00
  Onboard Expenses                                  0.00
  Passenger Expenses                                0.00
  Vessel Expenses                                   0.00
  Layup/Drydock Expense                             0.00
  Vessel Insurance                                  0.00
  Total Operating Expenses                          0.00
                                          --------------
  Gross Profit                                      0.00
                                          --------------
SG&A Expenses
   Sales & Marketing                                0.00
   Pre-Opening Costs                                0.00
                                          --------------
  Total SG&A Expenses                               0.00
                                          --------------

  EBITDA
                                                    0.00

  Depreciation                                      0.00
                                          --------------
  Operating Income                                  0.00

  Other Expense/(Income)
  Interest Income                                   0.00
  Interest Expense                                  0.00
  Equity in Earnings for Sub                 110, 507.28
  Reorganization expenses                           0.00
                                          --------------
  Total Other Expense/(Income)               (110,507.28)
                                          --------------
  Net Pretax Income/(Loss)                    110,507.28
                                          --------------
  Income Tax Expense                                0.00
                                          --------------
  Net Income/(Loss)                           110,507.28
                                          --------------




                              AMCV US SET OF BOOKS

                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02


currency USD
  Company=12 (AMCV - HOLDINGS)



                                                 YTD-Actual                 YTD-Actual
                                                 JAN-02                     OCT-01
                                                 --------------             --------------
                                                                      
ASSETS
       Cash and Equivalent                                 0.00                       0.00
       Restricted Cash                                     0.00                       0.00
       Marketable Securities                               0.00                       0.00
       Accounts Receivable                                 0.00                       0.00
       Inventories                                         0.00                       0.00
       Prepaid Expenses                                    0.00                       0.00
       Other Current Assets                                0.00                       0.00
                                                 --------------             --------------
              Total Current Assets                         0.00                       0.00

       Fixed Assets                                        0.00                       0.00
       Accumulated Depreciation                            0.00                       0.00
                                                 --------------             --------------
              Net Fixed Assets                             0.00                       0.00
       Net Goodwill                                        0.00                       0.00
       Intercompany Due To/From                            0.00                       0.00
       Net Deferred Financing Fees                         0.00                       0.00
       Net Investment in Subsidiaries                (75,283.17)               (918,077.34)
       Other Non Current Assets                            0.00                       0.00
                                                 --------------             --------------
              Total Other Assets                     (75,283.17)               (918,077.34)
                                                 --------------             --------------
              Total Assets                           (75,283.17)               (918,077.34)
                                                 --------------             --------------





                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
Company=12 (AMCV - HOLDINGS)



                                                    YTD-Actual                  YTD-Actual
                                                    JAN-02                      OCT-01
                                                    ---------------             ---------------
                                                                          

LIABILITIES
       Accounts Payable                                        0.00                        0.00
       Accrued Liabilities                                     0.00                        0.00
       Deposits                                                0.00                        0.00
                                                    ---------------             ---------------
              Total Current Liabilities                        0.00                        0.00
       Long Term Debt                                          0.00                        0.00
       Other Long Term Liabilities                             0.00                        0.00
                                                    ---------------             ---------------
              Total Liabilities                                0.00                        0.00
OTHER
       Liabilities Subject to Compromise                       0.00                        0.00
                                                    ---------------             ---------------
              Total Other                                      0.00                        0.00
OWNER'S EQUITY
       Common Stock                                        9,440.25                    9,440.25
       Add'1 Paid In Capital                          79,208,059.85               79,208,059.85
       Current Net Income (Loss)                         110,507.28              (13,500,663.21)
       Retained Earnings                             (79,403,290.55)             (66,634,914.23)
                                                    ---------------             ---------------
              Total Owner's Equity                       (75,283.17)                (918,077.34)
                                                    ---------------             ---------------
              Total Liabilities & Equity                 (75,283.17)                (918,077.34)
                                                    ---------------             ---------------





                               AMCV Holdings, Inc.

                    Summary List of Due To/Due From Accounts
                             As of January 31, 2002
                                       And
                            For the Month Then Ended

                                  Attachment 6

                                 Not Applicable




                               AMCV Holdings, Inc.

                            Accounts Receivable Aging
                             As of January 31, 2002

                                  Attachment 7

                                 Not Applicable



                               AMCV Holdings, Inc.

                             Accounts Payable Detail
                             As of January 31, 2002

                                  Attachment 8

                                 Not Applicable




DEBTOR: AMCV HOLDINGS, INC.                         CASE NUMBER: 01-10973 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

EX-99.17

                                                                   EXHIBIT 99.17


DEBTOR: DQSB II, INC.                                CASE NUMBER: 01-10974 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.



/s/ Nicohlas J. Davison
- -------------------------------
Nicholas J. Davison
Senior-Vice-President, Finance




DEBTOR: DQSB II, INC.                                CASE NUMBER: 01-10974 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                    CONTENTS

Attachment 1              Summary of Bank and Investment Accounts

Attachment 2              Schedule of Receipts and Disbursements

Attachment 3              Bank and Investment Account Statements

Attachment 4              Income Statement

Attachment 5              Balance Sheet

Attachment 6              Summary of Due To/Due From Intercompany Accounts

Attachment 7              Accounts Receivable Aging

Attachment 8              Accounts Payable Detail

Attachment 9              Notes to January 2002 Monthly Operating Report





               Summary Of Bank And Investment Accounts             Attachment 1
                                  DQSB II, Inc.
Summary                       Case No: 01-10974 (EIK)                 UNAUDITED
DQSB II, Inc.              For Month Of January, 2002



                                        Balances
                            -----------------------------------     Receipts &        Bank
                               Opening               Closing        Disbursements     Statements     Account
Account                     As Of 1/01/02         As Of 1/31/02     Included          Included       Reconciled
- -------                     -------------         -------------     -------------     ----------     ----------
                                                                                      
No Bank Or Investment            NA                     NA               NA               NA             NA
Accounts





                           Receipts & Disbursements                Attachment 2
                                 DQSB II, Inc.
Summary                       Case No: 01-10974 (EIK)
DQSB II, Inc.              For Month Of January, 2002
Attach 2&3

     No Receipts Or Disbursements Due To No Bank Or Investment Accounts




                Concentration & Investment Account Statements      Attachment 3
                                 DQSB II, Inc.
Summary                       Case No: 01-10974 (EIK)
DQSB II, Inc.              For Month Of January, 2002
Attach 2&3


     No Statements Due To No Concentration Or Investment Accounts




                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02


currency USD
  Company=60 (DELTA QUEEN SC II)



                                          PTD-Actual
                                          JAN-02
                                          --------------
                                       
Revenue
  Gross Revenue                                     0.00
  Allowances                                        0.00
                                          --------------
  Net Revenue                                       0.00

Operating Expenses
  Air                                               0.00
  Hotel                                             0.00
  Commissions                                       0.00
  Onboard Expenses                                  0.00
  Passenger Expenses                                0.00
  Vessel Expenses                                   0.00
  Layup/Drydock Expense                             0.00
  Vessel Insurance                                  0.00
  Total Operating Expenses                          0.00
                                          --------------
  Gross Profit                                      0.00
                                          --------------
SG&A Expenses
   Sales & Marketing                                0.00
   Pre-Opening Costs                                0.00
                                          --------------
  Total SG&A Expenses                               0.00
                                          --------------

  EBITDA
                                                    0.00

  Depreciation                                      0.00
                                          --------------
  Operating Income                                  0.00

  Other Expense/(Income)
  Interest Income                                   0.00
  Interest Expense                                  0.00
  Equity in Earnings for Sub                 (11, 598.11)
  Reorganization expenses                           0.00
                                          --------------
  Total Other Expense/(Income)                 11,598.11
                                          --------------
  Net Pretax Income/(Loss)                     11,598.11
                                          --------------
  Income Tax Expense                                0.00
                                          --------------
  Net Income/(Loss)                           (11,598.11)
                                          --------------




                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02


currency USD
  Company=60 (DELTA QUEEN SC II)



                                                 YTD-Actual                 YTD-Actual
                                                 JAN-02                     OCT-01
                                                 --------------             --------------
                                                                      
ASSETS
       Cash and Equivalent                                 0.00                       0.00
       Restricted Cash                                     0.00                       0.00
       Marketable Securities                               0.00                       0.00
       Accounts Receivable                                 0.00                       0.00
       Inventories                                         0.00                       0.00
       Prepaid Expenses                                    0.00                       0.00
       Other Current Assets                                0.00                       0.00
                                                 --------------             --------------
              Total Current Assets                         0.00                       0.00

       Fixed Assets                                        0.00                       0.00
       Accumulated Depreciation                            0.00                       0.00
                                                 --------------             --------------
              Net Fixed Assets                             0.00                       0.00
       Net Goodwill                                        0.00                       0.00
       Intercompany Due To/From                      (21,361.32)                (21,361.32)
       Net Deferred Financing Fees                         0.00                       0.00
       Net Investment in Subsidiaries                151,398.52                 178,552.30
       Other Non Current Assets                            0.00                       0.00
                                                 --------------             --------------
              Total Other Assets                     130,037.20                 157,190.98
                                                 --------------             --------------
              Total Assets                           130,037.20                 157,190.98
                                                 --------------             --------------






                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

currency USD
Company=12 (DELTA QUEEN SC II)



                                                    YTD-Actual                  YTD-Actual
                                                    JAN-02                      OCT-01
                                                    ---------------             ---------------
                                                                          
LIABILITIES
       Accounts Payable                                        0.00                        0.00
       Accrued Liabilities                                     0.00                        0.00
       Deposits                                                0.00                        0.00
                                                    ---------------             ---------------
              Total Current Liabilities                        0.00                        0.00
       Long Term Debt                                          0.00                        0.00
       Other Long Term Liabilities                        (4,904.83)                  (4,904.83)
                                                    ---------------             ---------------
              Total Liabilities                           (4,904.83)                  (4,904.83)
OTHER
       Liabilities Subject to Compromise                       0.00                        0.00
                                                    ---------------             ---------------
              Total Other                                      0.00                        0.00
OWNER'S EQUITY
       Common Stock                                            0.00                        0.00
       Add'1 Paid In Capital                             600,000.00                  600,000.00
       Current Net Income (Loss)                         (11,598.11)                (181,334.98)
       Retained Earnings                                (453,459.86)                (256,569.21)
                                                    ---------------             ---------------
              Total Owner's Equity                       134,942.03                  162,095.81
                                                    ---------------             ---------------
              Total Liabilities & Equity                 130,037.20                  157,190.98
                                                    ---------------             ---------------





                                  DQSB II, INC.
                                  ATTACHMENT 6
                     Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002



                                                                     BEGINNING                                           ENDING
AFFILIATE NAME                                 CASE NUMBER            BALANCE           DEBITS       CREDITS            BALANCE
                                                                                                       
American Classic Voyages Co.                   01-10954               (22,836.06)         --            --            (22,836.06)
AMCV Cruise Operations, Inc.                   01-10967                (1,194.40)         --            --             (1,194.40)
Great AQ Steamboat, L.L.C.                     01-10960                   919.60          --            --                919.60
Great Pacific NW Cruise Line, L.L.C.           01-10977                   339.49          --            --                339.49
Great River Cruise Line, L.L.C.                01-10963                   367.05          --            --                367.05
Great Ocean Cruise Line, L.L.C.                01-10959                   877.52          --            --                877.52
Cape Cod Light, L.L.C.                         01-10962                    82.74          --            --                 82.74
Cape May Light, L.L.C.                         01-10961                    82.74          --            --                 82 74
                                                                     ------------------------------------------------------------
                                                                      (21,361.32)         --            --            (21,361 32)
                                                                     ============================================================





                                  DQSB II, INC.

                            Accounts Receivable Aging
                             As of January 31, 2002

                                  Attachment 7

                                 Not Applicable



                                  DQSB II, INC.

                             Accounts Payable Detail
                             As of January 31, 2002

                                  Attachment 8

                                 Not Applicable




DEBTOR:  DQSB II, INC.                               CASE NUMBER: 01-10974 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.   Other long-term liabilities consists of deferred tax assets and
     liabilities, net. Deferred tax assets and liabilities have been recognized
     for the expected future tax consequences of temporary differences between
     carrying amounts and the tax bases of assets and liabilities. The Debtor
     has not recorded adjustments to these amounts pending the outcome of
     Chapter 11 proceedings.

EX-99.18

                                                                  EXHIBIT 99.18

DEBTOR: GREAT HAWAIIAN CRUISE LINE, INC.            CASE NUMBER: 01-10975 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.




/s/  NICHOLAS J. DAVISON
- ----------------------------------
Nicholas J. Davison
Senior Vice President, Finance








DEBTOR: GREAT HAWAIIAN CRUISE LINE, INC.            CASE NUMBER: 01-10975 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED


                                    CONTENTS
                                    --------

                        

 Attachment 1              Summary of Bank and Investment Accounts

 Attachment 2              Schedule of Receipts and Disbursements

 Attachment 3              Bank and Investment Account Statements

 Attachment 4              Income Statement

 Attachment 5              Balance Sheet

 Attachment 6              Summary of Due To/Due From Intercompany Accounts

 Attachment 7              Accounts Receivable Aging

 Attachment 8              Accounts Payable Detail

 Attachment 9              Notes to January 2002 Monthly Operating Report










                     Summary Of Bank And Investment Accounts       Attachment 1
                        Great Hawaiian Cruise Line, Inc.
Summary                     Case No: 01-10975 (EIK)                   Unaudited
Great Hawaiian              For Month Of January, 2002
Cruise lane, Inc.




                                                       Balances
                                         -----------------------------------     Receipts &       Bank
                                             Opening           Closing           Disbursements    Statements          Account
 Account                                 As Of 1/01/02         As Of 1/31/02     Included         Included            Reconciled
 -------                                 -------------         -------------     -------------    ----------          ----------
                                                                                                       
 No Bank Or Investment                         NA                    NA                NA             NA                  NA
 Accounts







                            Receipts & Disbursements               Attachment 2
                        Great Hawaiian Cruise Line, Inc.
Summary                      Case No: 01-10975 (EIK)
Great Hawaiian             For Month Of January, 2002
Cruise Line
 Attach 2&3


         No Receipts Or Disbursements Due To No Bank Or Investment Accounts






                  Concentration & Investment Account Statements    Attachment 3
                        Great Hawaiian Cruise Line. Inc.
Summary                     Case No: 01-10975 (EIK)
Great Hawaiian            For Month Of January, 2002
Cruise Line
Attach 2&3


         No Statements Due To No Concentration Or Investment Accounts





                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

 currency USD
  Company=50 (GREAT HAWAII CRUISE IN)





                                                        PTD-Actual
                                                          JAN-02
                                                       -----------
                                                    
Revenue
 Gross Revenue                                                0.00
 Allowances                                                   0.00
                                                       -----------
 Net Revenue                                                  0.00
Operating Expenses
 Air                                                          0.00
 Hotel                                                        0.00
 Commissions                                                  0.00
 Onboard Expenses                                             0.00
 Passenger Expenses                                           0.00
 Vessel Expenses                                              0.00
 Layup/Drydock Expense                                        0.00
 Vessel Insurance                                             0.00
                                                       -----------
 Total Operating Expenses                                     0.00
                                                       -----------
 Gross Profit                                                 0.00
SG&A Expenses
   Sales & Marketing                                          0.00
   Pre-Opening Costs                                          0.00
                                                       -----------
 Total SG&A Expenses                                          0.00
                                                       -----------

  EBITDA
                                                              0.00
  Depreciation                                                0.00
                                                       -----------
  Operating Income                                            0.00
  Other Expense/(Income)
  Interest Income                                             0.00
  Interest Expense                                            0.00
  Equity in Earnings for Sub                            110,580.28
  Reorganization expenses                                     0.00
                                                       -----------
  Total Other Expense/ (Income)                        (110,580.28)
                                                       -----------
  Net Pretax Income/(Loss)                              110,580.28
                                                       -----------
  Income Tax Expense                                          0.00
                                                       -----------
  Net Income/ (Loss)                                    110,580.28
                                                       -----------





                                AMCV US SET BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

 currency USD
   Company=50 (GREAT HAWAII CRUISE LN)




                                                           YTD-Actual          YTD-Actual
                                                             JAN-02              OCT-01
                                                       --------------        --------------
                                                                       
ASSETS
       Cash and Equivalent                                       0.00                  0.00
       Restricted Cash                                           0.00                  0.00
       Marketable Securities                                     0.00                  0.00
       Accounts Receivable                                       0.00                  0.00
       Inventories                                               0.00                  0.00
       Prepaid Expenses                                          0.00                  0.00
       Other Current Assets                                      0.00                  0.00
                                                       --------------        --------------
             Total Current Assets                                0.00                  0.00
       Fixed Assets                                              0.00                  0.00
       Accumulated Depreciation                                  0.00                  0.00
                                                       --------------        --------------
             Net Fixed Assets                                    0.00                  0.00
       Net Goodwill                                              0.00                  0.00
       Intercompany Due To/From                        (24,594,729.45)       (24,608,201.70)
       Net Deferred Financing Fees                               0.00                  0.00
       Net Investment in Subsidiaries                   42,500,459.37         41,532,108.18
       Other Non Current Assets                                  0.00                  0.00
                                                       --------------        --------------
             Total Other Assets                         17,905,729.92         16,923,906.48
                                                       --------------        --------------
             Total Assets                               17,905,729.92         16,923,906.48
                                                       --------------        --------------







                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

 currency USD
  Company=50 (GREAT HAWAII CRUISE LN)



                                                           YTD-Actual              YTD-Actual
                                                             JAN-02                  OCT-01
                                                         --------------          --------------
                                                                           
LIABILITIES

Accounts Payable                                                   0.00                    0.00
Accrued Liabilities                                                0.00                    0.00
Deposits                                                           0.00                    0.00
                                                         --------------          --------------
       Total Current Liabilities                                   0.00                    0.00
Long Term Debt                                                     0.00                    0.00
Other Long Term Liabilities                               (1,816,230.95)          (1,816,230.95)
                                                         --------------          --------------
       Total Liabilities                                  (1,816,230.95)          (1,816,230.95)

OTHER
Liabilities Subject to Compromise                                  0.00                    0.00
                                                         --------------          --------------
       Total Other                                                 0.00                    0.00
OWNER'S EQUITY
Common Stock                                                   8,440.25                8,440.25
Add'1 Paid In Capital                                     76,531,536.87           76,531,536.87
Current Net Income (Loss)                                    110,580.28          (11,777,334.92)
Retained Earnings                                        (56,928,596.53)         (46,022,504.77)
                                                         --------------          --------------
       Total Owner's Equity                               19,721,960.87           18,740,137.43
                                                         --------------          --------------
       Total Liabilities & Equity                         17,905,729.92           16,923,906.48
                                                         --------------          --------------







                         Great Hawaiian Cruse Line, Inc.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002





                                                              BEGINNING                                              ENDING
AFFILIATE NAME                                 CASE NUMBER     BALANCE            DEBITS            CREDITS          BALANCE
                                                                                                   
American Classic Voyages Co.                   01-10954     (3,586,530.01)        976.77           14,172.43      (3,599,725.67)
AMCV Cruise Operations, Inc.                   01-10967         (1,574.81)            --                  --          (1,574.81)
The Delta Queen Steamboat Co.                  01-10970          1,286.35             --                  --           1,286.35
Oceanic Ship Co.                               N/A              (1,803.12)            --                  --          (1,803.12)
Great Hawaiian Properties Corporation          01-10971      3,667,617.75             --                  --       3,667,617.75
American Hawaiian Properties Corporation       01-10976            743.26             --                  --             743.26
Great Independence Ship Co.                    01-10969    (24,661,273.21)            --                  --     (24,661,273 21)
                                                           ---------------------------------------------------------------------
                                                           (24,581,533.79)        976.77           14,172.43     (24,594,729.45)
                                                           =====================================================================







                        GREAT HAWAIIAN CRUISE LINE, INC.




                            ACCOUNTS RECEIVABLE AGING
                             AS OF JANUARY 31, 2002



                                  ATTACHMENT 7


                                 NOT APPLICABLE








                        GREAT HAWAIIAN CRUISE LINE, INC.




                             ACCOUNTS PAYABLE DETAIL
                             AS OF JANUARY 31, 2002



                                  ATTACHMENT 8


                                 NOT APPLICABLE




DEBTOR: GREAT HAWAIIAN CRUISE LINE, INC.            CASE NUMBER: 01-10975 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT


The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.


1.       Other long-term liabilities consists of deferred tax assets and
         liabilities, net. Deferred tax assets and liabilities have been
         recognized for the expected future tax consequences of temporary
         differences between carrying amounts and the tax bases of assets and
         liabilities. The Debtor has not recorded adjustments to these amounts
         pending the outcome of Chapter 11 proceedings.

EX-99.19

                                                                  EXHIBIT 99.19


DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION      CASE NUMBER: 01-10976 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.


/s/ NICHOLAS J. DAVISON
- ----------------------------------
Nicholas J. Davison
Senior Vice President, Finance




DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION      CASE NUMBER: 01-10976 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED


                                    CONTENTS
                                    --------
                       

 Attachment 1              Summary of Bank and Investment Accounts

 Attachment 2              Schedule of Receipts and Disbursements

 Attachment 3              Bank and Investment Account Statements

 Attachment 4              Income Statement

 Attachment 5              Balance Sheet

 Attachment 6              Summary of Due To/Due From Intercompany Accounts

 Attachment 7              Accounts Receivable Aging

 Attachment 8              Accounts Payable Detail

 Attachment 9              Notes to January 2002 Monthly Operating Report


 



              Summary Of Bank, Investment & Petty Cash Accounts    Attachment 1
                   American Hawaii Properties Corporation
Summary                     Case No: 01-10976(EIK)                    UNAUDITED
American Hawaii           For Month Of January, 2002
 Properties Corp




                                                       Balances
                                         -----------------------------------     Receipts &       Bank
                                             Opening           Closing           Disbursements    Statements          Account
 Account                                 As Of 1/01/02         As Of 1/31/02     Included         Included            Reconciled
 -------                                 -------------         -------------     -------------    ----------          ----------
                                                                                                       
 AHC - Honolulu Payroll                  58,170.75             57,396.81         Yes              No - Not            Yes
 Bank One                                                                                         Concentration
 Account # - 552-0110673379                                                                       Account

 American Hawaii Pro DBA                      0.00                  0.00         No -             No - Not            No -
 Bank of Hawaii                                                                  No Activity      Concentration       No Activity
 Account # - 0001-037773                                                                          Account

 Honolulu Office                          2,607.07                  0.00         Yes              Not A Bank          Yes
 Petty Cash                                                                                       Account






                            Receipts & Disbursements             Attachment 2-1
                     American Hawaii Properties Corporation
R&D-Bank One                   Case No: 01-10976 (EIK)                UNAUDITED
AHC Honolulu Payroll                  Bank One
                           Account # - 552-0110673379
                          1 January 02 - 31 January 02

                                             
Opening Balance - 1 Jan 02

                                                58,170.75

Receipts




                                                ---------
                                                     0.00 Total Receipts


 Disbursements

                                                  (773.94) Payroll



                                                ---------
                                                  (773.94) Total Disbursements


Closing Balance - 31 Dec 01
                                                57,396.81






                            Receipts & Disbursements             Attachment 2-2
                     American Hawaii Properties Corporation
R&D-Honolulu Office           Case No: 01-10976 (EIK)                 UNAUDITED
Petty Cash                        Honolulu Office
                                   Petty Cash
                                 Account # - NA
                          1 January 02 - 31 January 02

                                             

Opening Balance - 1 Dec 01
                                                 2,607.07


Receipts



                                                ---------
                                                     0.00 Total Receipts


Disbursements

                                                (2,607.07) Misc Shut-Down Expenses



                                                ---------
                                                (2,607.07) Total Disbursements


Closing Balance - 31 Dec 01
                                                     0.00






                 Concentration & Investment Account Statements     Attachment 3
                        American Hawaii Properties Corp
Summary                     Case No: 01-10976 (EIK)
American Hawaii            For Month Of January, 2002
Properties Corp
Attach 2&3



         No Statements Due To No Concentration Or Investment Accounts




                                AMCV US SET BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02

 currency USD
 Company=52 (AHC - HONOLULU OFFICE)




                                                        PTD-Actual
                                                          JAN-02
                                                        ----------
                                                     
Revenue
 Gross Revenue                                                0.00
 Allowances                                                   0.00
                                                        ----------
 Net Revenue                                                  0.00
Operating Expenses
 Air                                                          0.00
 Hotel                                                        0.00
 Commissions                                                  0.00
 Onboard Expenses                                             0.00
 Passenger Expenses                                           0.00
 Vessel Expenses                                              0.00
 Layup/Drydock Expense                                        0.00
 Vessel Insurance                                             0.00
                                                        ----------
 Total Operating Expenses                                     0.00
                                                        ----------
 Gross Profit                                                 0.00
SG&A Expenses
 General and Admin Expenses                               4,178.34
   Sales & Marketing                                          0.00
   Pre-Opening Costs                                          0.00
                                                        ----------
 Total SG&A Expenses                                      4,178.34
                                                        ----------
  EBITDA                                                 (4,178.34)

  Depreciation                                                0.00
                                                        ----------
  Operating Income                                       (4,178.34)
  Other Expense/(Income)
  Interest Income                                             0.00
  Interest Expense                                            0.00
  Equity in Earnings for Sub                                  0.00
  Reorganization expenses                                     0.00
                                                        ----------
  Total Other Expense/ (Income)                               0.00
                                                        ----------
  Net Pretax Income/(Loss)                               (4,178.34)
                                                        ----------
  Income Tax Expense                                          0.00
                                                        ----------
  Net Income/ (Loss)                                     (4,178.34)
                                                        ----------







                                AMCV US SET BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

 currency USD
 Company=52 (AHC - HONOLULU OFFICE)




                                                           YTD-Actual          YTD-Actual
                                                             JAN-02              OCT-01
                                                       --------------        --------------
                                                                       
ASSETS
       Cash and Equivalent                                  47,396.81            175,430.72
       Restricted Cash                                           0.00                  0.00
       Marketable Securities                                     0.00                  0.00
       Accounts Receivable                                       0.00              1,334.40
       Inventories                                         598,546.64          1,214,962.00
       Prepaid Expenses                                       (528.80)             7,240.63
       Other Current Assets                                      0.00                  0.00
                                                       --------------        --------------
             Total Current Assets                          655,414.65          1,398,967.75
       Fixed Assets                                      1,553,888.60          1,553,888.60
       Accumulated Depreciation                           (591,442.88)          (591,442.88)
                                                       --------------        --------------
             Net Fixed Assets                              962,445.72            962,445.72
       Net Goodwill                                              0.00                  0.00
       Intercompany Due To/From                         (3,158,045.98)        (3,743,572.98)
       Net Deferred Financing Fees                               0.00                  0.00
       Net Investment in Subsidiaries                            0.00                  0.00
       Other Non Current Assets                                  0.00                  0.00
                                                       --------------        --------------
             Total Other Assets                         (3,158,045.98)        (3,743,572.98)
                                                       --------------        --------------
             Total Assets                               (1,540,185.61)        (1,382,159.51)
                                                       --------------        --------------










                                AMCV US SET BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02

 currency USD
 Company=52 (AHC - HONOLULU OFFICE)




                                                            YTD-Actual              YTD-Actual
                                                              JAN-02                  OCT-01
                                                          -------------           -------------
                                                                            
 LIABILITIE

       Accounts Payable                                            0.00                    0.00
       Accrued Liabilities                                         0.00                    0.00
       Deposits                                                    0.00                    0.00
                                                          -------------           -------------
              Total Current Liabilities                            0.00                    0.00
       Long Term Debt                                              0.00                    0.00
       Other Long Term Liabilities                                 0.00                    0.00
                                                          -------------           -------------
              Total Liabilities                                    0.00                    0.00

 OTHER
        Liabilities Subject to Compromise                          0.00                    0.00
                                                          -------------           -------------
              Total Other                                          0.00                    0.00

 OWNER'S EQUITY
        Common Stock                                           1,000.00                1,000.00
        Add'1 Paid In Capital                                      0.00                    0.00
        Current Net Income (Loss)                             (4,178.34)          (1,383,800.96)
        Retained Earnings                                 (1,537,007.27)                 641.45
                                                          -------------           -------------
                      Total Owner's Equity                (1,540,185.61)          (1,382,159.51)
                                                          -------------           -------------
               Total Liabilities & Equity                 (1,540,185.61)          (1,382,159.51)
                                                          -------------           -------------






                     American Hawaii Properties Corporation
                                  Attachment 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002




                                                              BEGINNING                                              ENDING
AFFILIATE NAME                                 CASE NUMBER     BALANCE            DEBITS            CREDITS          BALANCE
                                                                                                   
American Classic Voyages Co.                    01-10954    (2,484,240.71)            74.97               --     (2,484,165.74)
AMCV Cruise Operations, Inc.                    01-10967    (5,188,103.46)               --         2,117.21     (5,190,220.67)
The Delta Queen Steamboat Co.                   01-10970       (49,579.61)        14,482.22         8,452.90        (43,550.29)
Great AQ Steamboat, L.L.C                       01-10960         1,496.24                --               --          1,496.24
Great River Cruise Line, L.L.C                  01-10963        (9,562.38)               --               --         (9,562.38)
Cruise America Travel, Incorporated             01-10966        (1,126.92)               --               --         (1,126.92)
Cape Cod Light, L.L.C                           01-10962        31,777.30                --               --         31,777.30
Project America, Inc.                           N/A          1,297,351.35                --               --      1,297,351.35
Oceanic Ship Co.                                N/A          3,724,194.25                --               --      3,724,194.25
Great Hawaiian Cruise Line, Inc.                01-10975          (743.26)               --               --           (743.26)
Great Hawaiian Properties Corporation           01-10971        62,430.01          8,452.90         8,452.90         62,430.01
Great Independence Ship Co.                     01-10969      (543,024.70)           773.94               --       (542,250.76)
Cat II, Inc.                                    01-10968        (3,675.11)               --               --         (3,675.11)
                                                           ---------------------------------------------------------------------
                                                            (3,162,807.00)        23,784.03        19,023.01     (3.158.045.98)
                                                           =====================================================================






                     AMERICAN HAWAII PROPERTIES CORPORATION




                            ACCOUNTS RECEIVABLE AGING
                             AS OF JANUARY 31, 2002



                                  ATTACHMENT 7


                                 NOT APPLICABLE




                     AMERICAN HAWAII PROPERTIES CORPORATION




                             ACCOUNTS PAYABLE DETAIL
                             AS OF JANUARY 31, 2002



                                  ATTACHMENT 8


                                 NOT APPLICABLE




DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION       CASE NUMBER: 01-10976 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT


The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

1.       Amount represents warehouse inventories. Physical counts were performed
         in November, 2001, and quantities were valued at average cost.
         Inventories are currently held for auction.



The information contained herein is unaudited.

All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.

Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.

To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.

EX-99.20

                                                                  EXHIBIT 99.20
DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C.        CASE NUMBER: 01-10977 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED

In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.


/s/ NICHOLAS J. DAVISON
- ----------------------------------
Nicholas J. Davison
Senior Vice President, Finance



DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C.         CASE NUMBER: 01-10977 (EIK)

                            MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED


                                    CONTENTS
                                    --------
                       
 Attachment 1              Summary of Bank and Investment Accounts

 Attachment 2              Schedule of Receipts and Disbursements

 Attachment 3              Bank and Investment Account Statements

 Attachment 4              Income Statement

 Attachment 5              Balance Sheet

 Attachment 6              Summary of Due To/Due From Intercompany Accounts

 Attachment 7              Accounts Receivable Aging

 Attachment 8              Accounts Payable Detail

 Attachment 9              Notes to January 2002 Monthly Operating Report


 



                Summary Of Bank, Investment & Petty Cash Accounts   Attachment 1
                      Great Pacific NW Cruise Line. L.L.C.
Summary                        Case No: 01-10977 (EIK)                 UNAUDITED
Great Pacific NW              For Month Of January, 2002
Cruise Line, LLC




                                                       Balances
                                         -----------------------------------     Receipts &       Bank
                                             Opening           Closing           Disbursements    Statements          Account
 Account                                 As Of 1/01/02         As Of 1/31/02     Included         Included            Reconciled
 -------                                 -------------         -------------     -------------    ----------          ----------
                                                                                                       
 Great Pacific NW Cruise Line                 0.00                  0.00          No -            No - Not            No -
 Payroll                                                                          No Activity     Concentration       No Activity
 U.S. Bank                                                                                        Account
 Account # - 153390417191

 Great Pacific NW Cruise Line                 0.00                  0.00          No-             No - Not            No -
 Steamer                                                                          No Activity     Concentration       No Activity
 U.S. Bank                                                                                        Account
 Account # -153390417191

 Great Pacific NW Cruise Line                 0.00                  0.00          No -            No - Not            No -
 Columbia Queen Petty Cash                                                        No Activity     Concentration       No Activity
                                                                                                  Account







                            Receipts & Disbursements               Attachment 2
                      Great Pacific NW Cruise Line. L.L.C.
Summary                       Case No: 01-10977 (EIK)
Great Pacific NW            For Month Of January, 2002
Cruise Line, LLC
Attach 2&3

         No Receipts Or Disbursements Due To No Bank Activity Or Investment
Accounts





                  Concentration & Investment Account Statements    Attachment 3
                      Great Pacific NW Cruise Line, L.L.C.
Summary                       Case No: 01-10977 (EIK)
Great Pacific NW            For Month Of January, 2002
Cruise Line, LLC
Attach 2&3


         No Statements Due To No Concentration Or Investment Accounts




                              AMCV US SET OF BOOKS
                         INCOME STATEMENT - ATTACHMENT 4
                             Current Period: JAN-02
 currency USD
  Company=24 (COLUMBIA QUEEN)



                                                        PTD-Actual
                                                          JAN-02
                                                        ----------
                                                     
Revenue
 Gross Revenue                                              600.00
 Allowances                                                   0.00
                                                        ----------
 Net Revenue                                                600.00
Operating Expenses
 Air                                                       (166.30)
 Hotel
 Commissions                                                  0.00
                                                              0.00
 Onboard Expenses                                             0.00
 Passenger Expenses                                       7,192.44
 Vessel Expenses                                          6,635.24
 Layup/Drydock Expense                                        0.00
 Vessel Insurance                                         5,447.00
                                                        ----------
 Total Operating Expenses                                19,108.38
                                                        ----------
 Gross Profit                                           (18,508.38)
SG&A Expenses
   Sales & Marketing                                          0.00
   Pre-Opening Costs                                          0.00
                                                        ----------
 Total SG&A Expenses                                          0.00
 EBITDA                                                 (18,508.38)
 Depreciation                                                 0.00
                                                        ----------
 Operating Income                                       (18,508.38)
 Other Expense/(Income)
 Interest Income                                              0.00
 Interest Expense                                         9,013.14
 Equity in Earnings for Sub                                   0.00
 Reorganization expenses                                      0.00
                                                        ----------
 Total Other Expense/(Income)                             9,013.14
                                                        ----------
 Net Pretax Income/(Loss)                               (27,521.52)
                                                        ----------
 Income Tax Expense                                           0.00
                                                        ----------
 Net Income/(Loss)                                      (27,521.52)
                                                        ----------






                              AMCV US SET OF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02
 currency USD
  Company=24 (COLUMBIA QUEEN)




                                                            YTD-Actual              YTD-Actual
                                                              JAN-02                  OCT-01
                                                          -------------           -------------
                                                                            
ASSETS
Cash and Equivalent                                                0.00               31,623.21
Restricted Cash                                                    0.00                    0.00
Marketable Securities                                              0.00                    0.00
Accounts Receivable                                            9,315.01               11,425.61
Inventories                                                  172,463.71              199,562.38
Prepaid Expenses                                                   0.00                2,800.00
Other Current Assets                                               0.00                    0.00
                                                          -------------           -------------
       Total Current Assets                                  181,778.72              245,411.20
Fixed Assets                                              45,093,524.95           45,093,524.95
Accumulated Depreciation                                  (1,870,234.50)          (1,870,234.50)
                                                          -------------           -------------
       Net Fixed Assets                                   43,223,290.45           43,223,290.45
Net Goodwill                                                       0.00                    0.00
Intercompany Due To/From                                 (10,012,198.05)          (9,983,225.62)
Net Deferred Financing Fees                                2,514,666.78            2,545,011.02
Net Investment in Subsidiaries                                     0.00                    0.00
Other Non Current Assets                                           0.00                    0.00
                                                          -------------           -------------
       Total Other Assets                                 (7,497,531.27)          (7,438,214.60)
                                                          -------------           -------------
       Total Assets                                       35,907,537.90           36,030,487.05
                                                          -------------           -------------




                               AMCV US SETOF BOOKS
                          BALANCE SHEET - ATTACHMENT 5
                             Current Period: JAN-02


 currency USD
  Company=24 (COLUMBIA QUEEN)




                                                            YTD-Actual              YTD-Actual
                                                              JAN-02                  OCT-01
                                                          -------------           -------------
                                                                            

 LIABILITIES

      Accounts Payable                                           305.00                  180.00
      Accrued Liabilities                                    331,345.43              331,444.68
      Deposits                                                     0.00                    0.00
                                                          -------------           -------------
             Total Current Liabilities                       331,650.43              331,624.68
      Long Term Debt                                               0.00                    0.00
      Other Long Term Liabilities                                  0.00                    0.00
                                                          -------------           -------------
             Total Liabilities                               331,650.43              331,624.68

OTHER
       Liabilities Subject to Compromise                  37,788,314.80           37,792,814.64
                                                          -------------           -------------
             Total Other                                  37,788,314.80           37,792,814.64
OWNER'S EQUITY
       Common Stock                                                0.00                    0.00
       Add'1 Paid In Capital                                       0.00                    0.00
       Current Net Income (Loss)                             (27,521.52)              18,578.51
       Retained Earnings                                  (2,184,905.81)          (2,112,530.78)
                                                          -------------           -------------
             Total Owner's Equity                         (2,212,427.33)          (2,093,952.27)
                                                          -------------           -------------
             Total Liabilities & Equity                   35,907,537.90           36,030,487.05
                                                          -------------           -------------






                      GREAT PACIFIC NW CRUISE LINE, L.L.C.
                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                     For the Period Ending January 31, 2002




                                                              BEGINNING                                              ENDING
AFFILIATE NAME                                 CASE NUMBER     BALANCE            DEBITS            CREDITS          BALANCE
                                                                                                   
American Classic Voyages Co.                    01-10954      15,487,434.41       600.00                 --        15,488,034.41
AMCV Cruise Operations, Inc.                    01-10967      (9,372,500.72)          --           9,429.72        (9,381,930.44)
The Delta Queen Steamboat Co.                   01-10970       8,436,809.68           --                 --         8,436,809.68
DQSB 11, Inc.                                   01-10974            (339.49)          --                 --              (339.49)
Great AQ Steamboat, L.L.C                       01-10960          (5,552.79)          --                 --            (5,552.79)
Great River Cruise Line, L.L.C                  01-10963          (2,052.08)          --                 --            (2,052.08)
Great Ocean Cruise Line, L.L.C                  01-10959         (10,219.55)          --                 --           (10,219.55)
Cruise America Travel, incorporated             01-10966        (674,733.24)          --                 --          (674,733.24)
Delta Queen Coastal Voyages, L.L.C              01-10964         118,887.26           --                 --           118,887.26
Cape May Light, L.L.C                           01-10961           5,380.67           --                 --             5,380.67
Project America, Inc.                           N/A              (27,500.00)                             --           (27,500.00)
Oceanic Ship Co.                                N/A                1,701.33           --                 --             1,701.33
Project America Ship I, Inc.                    N/A              291,567.65           --                 --           291,567.65
Ocean Development Co.                           01-10972     (24,185,738.20)          --                 --       (24,185,738.20)
Great Hawaiian Properties Corporation           01-10971         (66,513.26)          --                 --           (66,513 26)
                                                             ----------------------------------------------------------------------
                                                             (10,003,368.33)      600.00           9,429.72       (10,012,198.05)
                                                             ======================================================================







GREAT PACIFIC NW CRUISE LINE, L.L.C.              CASE #:        01-10977 (EIK)


ACCOUNTS RECEIVABLE RECONCILIATION AND AGING




 Detail:                                             0-30 Days      31-60 Days    61-90 Days     91+ Days       Total
                                                                                                 

 Paymentech Credit Card Processor                                                                 4753.48       4753.48
 American Express Credit Card Processor                                                           4126.11       4126.11
 Discover Credit Card Processor                                                                    435.42        435.42
 Diners Credit Card Processor                                                                                         0
 Travel Agents                                                                                                        0

 Total                                                       0               0             0      9315.01       9315.01





                                                                  Attachment # 7




                               COLUMBIA QUEEN
                               AP - STEAMER CHECKS
                               24-000-221300-00000

                               JANUARY, 2002



OIS Checks
                                                                   
       1566 K Tinnin ( American Express)                              180
       1571 K Tinnin ( Citibank)                                       70
       1611 Shonda Meyer - AT&T                                        55



                         TTL                                          305



                                                                  Attachment # 8






DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C.         CASE NUMBER: 01-10977 (EIK)

                      PRELIMINARY MONTHLY OPERATING REPORT
                             AS OF JANUARY 31, 2002
                                       AND
                            FOR THE MONTH THEN ENDED
                                  ATTACHMENT 9
                    NOTES TO JANUARY MONTHLY OPERATING REPORT

1.       Physical inventory counts have not been performed. Inventory amounts
         have been adjusted to amounts contained in the Debtor's computer
         systems. The Debtor estimates that it would cost up to $50,000 to
         perform physical counts of the inventories of The Delta Queen Steamboat
         Company and its subsidiaries. Should physical inventory counts be
         performed, amounts recorded as inventory on the Debtor's books and
         records could change materially.

2.       Deferred financing costs represent costs incurred in connection with
         placing pre- petition debt instruments. Deferred financing costs are
         being amortized to interest expense over the term of the applicable
         debt instrument. The Debtor has ceased paying cash interest on its
         long-term debt, and accordingly, has ceased accruing for such payments
         as interest expense.

3.       The Debtor ceased operating its primary asset, the Columbia Queen, on
         October 22, 2001. In connection therewith, the Debtor ceased accruing
         for its next scheduled lay-up, ceased recording depreciation, and has
         not adjusted related lay up accrual or asset values pending the outcome
         of Chapter 11 proceedings.

4.       Prepaid insurance and accruals for self-insured claims are
         un-reconciled pending receipt and final review of required information.