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): April 22, 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 April 22, 2002, each of the Company and the Filing Subsidiaries filed a monthly operating report for the month ended March 31, 2002 (a “March 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.

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     Copies of the Reports filed by each of the Company and the Filing Subsidiaries on April 22, 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. March 2002 Monthly Operating Report, filed April 22, 2002
99.2	Great Ocean Cruise Line, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.3	Great AQ Steamboat, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.4	Cape May Light, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.5	Cape Cod Light, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.6	Great River Cruise Line, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.7	Delta Queen Coastal Voyages, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.8	DQSC Property Co. March 2002 Monthly Operating Report, filed April 22, 2002
99.9	Cruise America Travel, Incorporated March 2002 Monthly Operating Report, filed April 22, 2002
99.10	AMCV Cruise Operations, Inc. March 2002 Monthly Operating Report, filed April 22, 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. March 2002 Monthly Operating Report, filed April 22, 2002
99.12	Great Independence Ship Co. March 2002 Monthly Operating Report, filed April 22, 2002
99.13	The Delta Queen Steamboat Co. March 2002 Monthly Operating Report, filed April 22, 2002
99.14	Great Hawaiian Properties Corporation March 2002 Monthly Operating Report, filed April 22, 2002
99.15	Ocean Development Co. March 2002 Monthly Operating Report, filed April 22, 2002
99.16	AMCV Holdings, Inc. March 2002 Monthly Operating Report, filed April 22, 2002
99.17	DQSB II, Inc. March 2002 Monthly Operating Report, filed April 22, 2002
99.18	Great Hawaiian Cruise Line, Inc. March 2002 Monthly Operating Report, filed April 22, 2002
99.19	American Hawaii Properties Corporation March 2002 Monthly Operating Report, filed April 22, 2002
99.20	Great Pacific NW Cruise Line, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002

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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: April 26, 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. March 2002 Monthly Operating Report, filed April 22, 2002
99.2	Great Ocean Cruise Line, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.3	Great AQ Steamboat, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.4	Cape May Light, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.5	Cape Cod Light, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.6	Great River Cruise Line, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.7	Delta Queen Coastal Voyages, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002
99.8	DQSC Property Co. March 2002 Monthly Operating Report, filed April 22, 2002
99.9	Cruise America Travel, Incorporated March 2002 Monthly Operating Report, filed April 22, 2002
99.10	AMCV Cruise Operations, Inc. March 2002 Monthly Operating Report, filed April 22, 2002
99.11	CAT II, Inc. March 2002 Monthly Operating Report, filed April 22, 2002
99.12	Great Independence Ship Co. March 2002 Monthly Operating Report, filed April 22, 2002

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99.13	The Delta Queen Steamboat Co. March 2002 Monthly Operating Report, filed April 22, 2002
99.14	Great Hawaiian Properties Corporation March 2002 Monthly Operating Report, filed April 22, 2002
99.15	Ocean Development Co. March 2002 Monthly Operating Report, filed April 22, 2002
99.16	AMCV Holdings, Inc. March 2002 Monthly Operating Report, filed April 22, 2002
99.17	DQSB II, Inc. March 2002 Monthly Operating Report, filed April 22, 2002
99.18	Great Hawaiian Cruise Line, Inc. March 2002 Monthly Operating Report, filed April 22, 2002
99.19	American Hawaii Properties Corporation March 2002 Monthly Operating Report, filed April 22, 2002
99.20	Great Pacific NW Cruise Line, L.L.C. March 2002 Monthly Operating Report, filed April 22, 2002

7 EX-99.1 3 g75742ex99-1.txt AMERICAN CLASSIC VOYAGES-MARCH 02 OPERATING REPORT EXHIBIT 99.1 DEBTOR: AMERICAN CLASSIC VOYAGES CO. CASE NUMBER: 01-10954 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report 16-Apr-02 7:32AM Summary Of Bank And Investment Accounts Attachment 1 Summary American Classic Voyages Co American Classic Case No: 01-10954 (EIK) UNAUDITED Voyages Co For Month Of March, 2002

Balances ------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- AMCV Deferred Compensation 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 1590101554 Closed Closed Closed AMCV Dental Benefits 0.00 0.00 No - No - No - Chase (JP Morgan Chase & Co) Account Account Account Account # - 002-2-426530 Closed Closed Closed AMCV Employee Stock Plan 0.00 0.00 No - No - No - LaSalle Bank Account Account Account Account # - 5800015140 Closed Closed Closed AMCV Insurance 0.00 0.00 No - No - No - LaSalle Bank Account Account Account Account # - 5800021411 Closed Closed Closed AMCV Medical Benefits 5,863.27 3,048.44 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 Account Account Account LaSalle Bank Closed Closed Closed Account # - 2355464 American Classic Voyages Co 0.00 0.00 No - No - No - Payroll Account Account Account LaSalle Bank Closed Closed Closed Account # - 2369368 American Classic Voyages Co 7,010.01 0.00 Yes No - Not Yes PAC Concentration LaSalle Bank Account Account # - 2355882 American Classic Voyages Co 8,035,212.82 6,146,055.96 Yes Yes Yes Investment Account Credit Suisse Asset Management Account # - 247003452 American Classic Voyages Co 0.00 0.00 No - No - No - Investment Account Account Account Account Goldman Sachs & Co. Closed Closed Closed Account # - 020-53613-2 American Classic Voyages Co 0.00 0.00 No - No - No - Investment Account Account Account Account Merrill Lynch Closed Closed Closed Account # - 318-3271750-7 American Classic Voyages Co 0.00 0.00 No - No - No - Investment Account Account Account Account Conifer Securities Closed Closed Closed Account # - 330-50683 1-8

16-Apr-02 7:33AM Receipts & Disbursements Attachment 2-1 R&D - Chase American Classic Voyages - - AMCV Med Ben Case No: 01-10954 (EIK) UNAUDITED Chase AMCV Medical Benefits Account # - 002-2-426522 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 5,863.27 Receipts 13,983.43 From United Healthcare (Reversal) ---------- 13,983.43 Total Receipts Disbursements (16,798.26) To United Healthcare ---------- (16,798.26) Total Disbursements Closing Balance - 31 Mar 02 3,048.44 16-Apr-02 8:06AM Receipts & Disbursements Attachment 2-2 R&D - LaSalle American Classic Voyages - - AMCV PAC Case No: 01-10954 (EIK) UNAUDITED LaSalle PAC Account # - 2355882 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 7,010.01 Receipts --------- 0.00 Total Receipts Disbursements (7,010.01) Distribution To Contributors --------- (7,010.01) Total Disbursements Closing Balance - 31 Mar 02 0.00 16-Apr-02 Receipts & Disbursements Attachment 2-3 8:08 AM American Classic Voyages R&D - Credit Case No: 01-10954 (EIK) UNAUDITED Suisse Investment Credit Suisse Account Investment Account Account # - 247003452 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 8,035,212.82 Receipts 10,843.14 Interest Earned ------------- 10,843.14 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 Mar 02 6,146,055.96 AMCV US SET OF BOOKS Date: 19-APR-02 08:27:24 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=10 (AMCV)

PTD-Actual 31-Mar-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 15,852.67 Sales & Marketing 0.00 Start-Up Costs 0.00 ------------- Total SG&A Expenses 15,852.67 ------------- EBITDA (15,852.67) Depreciation 14,984.80 ------------- Operating Income (30,837.47) Other Expense/(Income) Interest Income (436.91) Interest Expense 10,842.72 Equity in Earnings for Sub (4,131,863.02) Reorganization expenses 487,381.74 ------------- Total Other Expense/(Income) 4,629,650.57 ------------- Net Pretax Income/(Loss) (4,660,488.04) Income Tax Expense 0.00 ------------- ------------- Net Income/(Loss) -4,660,488.04 =============

AMCV US SET OF BOOKS Date: 18-APR-02 17:02:14 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=10 (AMCV)

YTD-Actual YTD-Actual 31-Mar-02 19-Oct-01 -------------- -------------- ASSETS Cash and Equivalent 6,146,055.96 10,343,248.25 Restricted Cash 499,877.32 0.00 Marketable Securities 0.00 337.15 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 10,913,357.02 14,022,502.14 Fixed Assets 4,979,716.68 4,979,716.68 Accumulated Depreciation (4,573,506.53) (4,497,369.91) -------------- -------------- Net Fixed Assets 406,210.15 482,346.77 Net Goodwill 79,850.94 81,420.64 Intercompany Due To/From 267,462,638.19 265,726,906.60 Net Deferred Financing Fees 3,294,158.46 3,408,954.89 Net Investment in Subsidiaries 37,431,844.07 48,551,297.73 Other Non Current Assets 0.00 109,986.54 -------------- -------------- Total Other Assets 308,268,491.66 317,878,566.40 -------------- -------------- Total Assets 319,588,058.83 332,383,415.31 ============== ==============

AMCV US SET OF BOOKS Date: 18-APR-02 17:02:14 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=10 (AMCV)

YTD-Actual YTD-Actual 31-Mar-02 19-Oct-01 -------------- -------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 1,672,990.86 1,089,864.63 Deposits 0.00 0.00 -------------- -------------- Total Current Liabilities 1,672,990.86 1,089,864.63 Long Term Debt 0.00 0.00 Other Long Term Liabilities (3,221,982.41) (3,434,093.96) -------------- -------------- Total Liabilities (1,548,991.55) (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'l Paid In Capital 204,438,037.35 204,438,037.35 Current Net Income (Loss) (9,910,043.60) (40,694,620.74) Retained Earnings (74,020,467.00) (29,645,295.60) -------------- -------------- Total Owner's Equity 120,718,539.83 134,309,134.09 -------------- -------------- Total Liabilities & Equity 319,588,058.83 332,383,415.31 ============== ==============

American Classic Voyages, Co. ATTACHMENT 6 01-10954(JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE - -------------- --------- --------- ------ ------- ------- AMCV Cruise Operations, Inc. 01-10967 78,732,843.30 1,352,211.22 572,249.31 79,512,805.21 The Delta Queen Steamboat Co. 01-10970 6,325,037.83 4,581.88 2,406.72 6,327,212.99 DQSB II, Inc. 01-10974 22,836.06 -- -- 22,836.06 Great AQ Steamboat, L.L.C 01-10960 (22,410,666.55) -- 485.75 (22,411,152.30) Great Pacific NW Cruise Line, L.L.C 01-10977 (15,487,540.41) -- -- (15,487,540.41) Great River Cruise Line, L.L.C 01-10963 6,707,630.20 -- 4,709.58 6,702,920.62 Great Ocean Cruise Line, L.L.C 01-10959 (29,613,350.37) 76.41 -- (29,613,273.96) Cruise America Travel, Incorporated 01-10966 103,377.71 -- -- 103,377.71 Delta Queen Coastal Voyages, L.L.C 01-10964 934,299.38 -- -- 934,299.38 Cape Cod Light, L.L.C 01-10962 (1,670,131.78) -- -- (1,670,131.78) Cape May Light, L.L.C 01-10961 (657,659.57) -- -- (657,659.57) Project America, Inc. N/A (29,154,390.86) -- -- (29,154,390.86) Oceanic Ship Co. N/A 41,557,089.74 -- -- 41,557,089.74 Project America Ship I, Inc. N/A 1,793,166.15 -- -- 1,793,166.15 Project America Ship II, Inc. N/A 27,241,846.63 -- -- 27,241,846.63 Ocean Development Co. 01-10972 206,379,952.56 -- -- 206,379,952.56 Great Hawaiian Cruise Line, Inc. 01-10975 3,599,725.67 -- -- 3,599,725.67 Great Hawaiian Properties Corporation 01-10971 (51,110,970.59) -- -- (51,110,970.59) American Hawaii Properties Corporation 01-10976 2,484,165.74 -- -- 2,484,165.74 Great Independence Ship Co. 01-10969 24,948,942.58 -- -- 24,948,942.58 CAT II, Inc. 01-10968 15,959,416.62 -- -- 15,959,416.62 ---------------------------------------------------------------------- 266,685,620.04 1,356,869.51 579,851.36 267,462,638.19 ======================================================================

American Classic Voyages Co. 01-10954 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable American Classic Voyages Co. 01-10954 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: AMERICAN CLASSIC VOYAGES CO. CASE NUMBER: 01-10954 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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. 5. The Company's self-funded health plan was terminated as of December 31, 2001. The Company is carrying a reserve for late claims. An evaluation of this reserve was conducted at the end of the first quarter and the results are reflected herein. EX-99.2 4 g75742ex99-2.txt GREAT OCEAN CRUISE LINE-MARCH 02 OPERATING REPORT EXHIBIT 99.2 DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report 16-Apr-02 Summary Of Bank, Investment & Attachment 1 8:53 AM Petty Cash Accounts Summary Great Ocean Cruise Line, L.L.C. Great Ocean Cruise Case No: 01-10959 (EIK) UNAUDITED Line, LLC For Month Of March, 2002

Balances -------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- -------------- ---------- Mississippi Queen Steamer 100,000.00 100,000.00 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

16-Apr-02 Receipts & Disbursements Attachment 2-1 8:50 AM Great Ocean Cruise Line, L.L.C. R&D - Hibernia - Case No: 01-10959 (EIK) UNAUDITED MQ Steamer Hibernia Mississippi Queen Steamer Account Account # - 812-502-719 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 100,000.00 Receipts ---------- 0.00 Total Receipts Disbursements ---------- 0.00 Total Disbursements Closing Balance - 31 Mar 02 100,000.00 16-Apr-02 Concentration & Investment Account Statements Attachment 3 8:54 AM Great Ocean Cruise Line, L.L.C. Summary Case No: 01-10959 (EIK) Great Ocean For Month Of March, 2002 Cruise Line, LLC Attach 3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:24 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=21 (MISSISSIPPI QUEEN)

PTD-Actual 31-Mar-02 ----------- Revenue Gross Revenue (2,456.42) Allowances (48,711.19) ----------- Net Revenue (51,167.61) Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 146.81 Passenger Expenses (678.57) Vessel Expenses 36,370.37 Layup/Drydock Expense 0.00 Vessel Insurance 72,068.14 ----------- Total Operating Expenses 107,906.75 ----------- Gross Profit (159,074.36) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 1,451.50 ----------- Total SG&A Expenses 1,451.50 ----------- EBITDA (160,525.86) Depreciation 0.00 ----------- Operating Income (160,525.86) 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) (160,525.86) Income Tax Expense 0.00 ----------- Net Income/(Loss) (160,525.86) ===========

AMCV US SET OF BOOKS Date: 18-APR-02 17:03:50 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=21 (MISSISSIPPI QUEEN)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 -------------- -------------- ASSETS Cash and Equivalent 100,000.00 91,427.94 Restricted Cash 0.00 0.00 Accounts Receivable 27,274.85 61,448.42 Inventories 301,281.55 387,173.50 Prepaid Expenses 0.00 9,438.70 Other Current Assets 0.00 (14,555.00) -------------- -------------- Total Current Assets 428,556.40 534,933.56 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 21,706,040.13 19,836,574.32 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 -------------- -------------- Total Other Assets 21,706,040.13 19,836,574.32 -------------- -------------- Total Assets 31,670,332.50 29,907,243.85 ============== ==============

AMCV US SET OF BOOKS Date: 18-APR-02 17:03:50 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=21 (MISSISSIPPI QUEEN)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 -------------- -------------- LIABILITIES Accounts Payable 1,826.90 9,423.11 Accrued Liabilities 1,209,204.06 935,232.90 Deposits 2,623,097.77 0.00 -------------- ------------- Total Current Liabilities 3,834,128.73 944,656.01 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 -------------- ------------- Total Liabilities 3,834,128.73 944,656.01 OTHER Liabilities Subject to Compromise 2,667,587.11 2,827,647.41 -------------- ------------- Total Other 2,667,587.11 2,827,647.41 OWNER'S EQUITY Common Stock 0.00 0.00 Add'l Paid In Capital 4,571,000.00 4,571,000.00 Current Net Income (Loss) (608,526.06) (984,131.23) Retained Earnings 21,206,142.72 22,548,071.66 -------------- ------------- Total Owner's Equity 25,168,616.66 26,134,940.43 -------------- ------------- Total Liabilities & Equity 31,670,332.50 29,907,243.85 ============== =============

GREAT OCEAN CRUISE ATTACHMENT 6 01-10959 (JCA) LINE, L.L.C. Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE - -------------- --------- -------------- ------------ ----------- --------------- American Classic Voyages Co. 01-10954 29,613,350.37 -- 76.41 29,613,273.96 AMCV Cruise Operations, Inc. 01-10967 (21,419,111.30) -- 35,273.10 (21,454,384.40) The Delta Queen Steamboat Co. 01-10970 14,935,686.13 1,693,478.13 170,017.90 16,459,146.36 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 49,604.28 -- 82,682.65 (33,078.37) Cruise America Travel, Incorporated 01-10966 (2,953,907.27) -- -- (2,953,907.27) 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) ------------------------------------------------------------------------ 20,300,612.06 1,693,478.13 288,050.06 21,706,040.13 ========================================================================

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 27,274.85 27,274.85 American Express Credit Card Processor -- Discover Credit Card Processor -- Diners Credit Card Processor -- Travel Agents -- -------------------------------------------------------------------------------- Total 0 0 0 27,274.85 27,274.85 ================================================================================

ATTACHMENT # 7 MISSISSIPPI QUEEN AP-STEAMER CHECKS 21-000-221300-00000 MARCH-02 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 17248 A. Sisson-J. Sisson 100.00 Total per G/L: 1826.90 ======= ATTACHMENT # 8 DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 been performed internally for food and beverage. An evaluation of fuel inventory pricing has been performed and carrying values have been adjusted accordingly. 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 ceased recording lay-up accruals as it is currently in lay-up and is scheduled to be sold shortly thereafter. 3. The Debtor has been unable to negotiate acceptable contract terms with credit card processors other than its primary processor, Paymentech. Accordingly, the Debtor has written off prepetition receivables that cannot be processed for collection. EX-99.3 5 g75742ex99-3.txt GREAT AQ STEAMBOAT - MARCH 02 OPERATING REPORT EXHIBIT 99.3 DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March Monthly Operating Report 16-Apr-02 Summary Of Bank, Investment Attachment 1 9:06AM & Petty Cash Accounts Summary Great AQ Steamboat, L.L.C. Great AQ Case No: 01-10960 (EIK) UNAUDITED Steamboat, LLC For Month Of March, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ------------- ---------- American Queen Steamer 10,000.00 100,000.00 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

16-Apr-02 9:07AM Receipts & Disbursements Attachement 2-1 R&D - Hibernia Great AQ Steamboat, L.L.C. - - AQ Steamer Case No: 01-10960 (EIK) UNAUDITED Hibernia American Queen Steamer Account Account # - 812-395-343 1 March 02 - 31 March 02 Opening Balance - 1 Mar 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 ---------- 0.00 Total Disbursements Closing Balance - 31 Mar 02 100,000.00 16-Apr-02 9:08AM Concentration & Investment Account Statements Attachment 3 Summary Great AQ Steamboat, L.L.C. Great AQ Case No: 01-10960 (EIK) Steamboat, LLC For Month Of March, 2002 Attach 3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:28 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=23 (AMERICAN QUEEN)

PTD-Actual 31-Mar-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 (5,152.00) Passenger Expenses (9,619.21) Vessel Expenses 54,803.40 Layup/Drydock Expense 0.00 Vessel Insurance 68,988.41 ---------- Total Operating Expenses 109,020.60 ---------- Gross Profit (109,020.60) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 ---------- Total SG&A Expenses 0.00 ---------- EBITDA (109,020.60) Depreciation 0.00 ---------- Operating Income (109,020.60) 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) (130,317.30) Income Tax Expense 0.00 ---------- Net Income/(Loss) (130,317.30) ==========

AMCV US SET OF BOOKS Date: 18-APR-02 17:03:57 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=23 (AMERICAN QUEEN)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ------------- ------------- ASSETS Cash and Equivalent 100,000.00 27,915.55 Restricted Cash 0.00 0.00 Accounts Receivable 18,533.71 100,111.04 Inventories 376,419.95 436,746.94 Prepaid Expenses 0.00 1,126.00 Other Current Assets 89,641.06 189,129.97 ------------- ------------- Total Current Assets 584,594.72 755,029.50 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 11,638,521.24 11,900,053.46 Net Deferred Financing Fees 547,992.28 561,110.86 Net Investment in Subsidiaries 0.00 0.00 ------------- Total Other Assets 12,186,513.52 12,461,164.32 ------------- ------------- Total Assets 65,517,372.30 65,962,457.88 ============= =============

AMCV US SET OF BOOKS Date: 18-APR-02 17:03:57 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=23 (AMERICAN QUEEN)

YTD-Actual YTD-Actual 31-Mar-02 19-Oct-01 ------------- ------------- LIABILITIES Accounts Payable 1,774.58 5,469.58 Accrued Liabilities 731,294.50 754,127.79 Deposits 0.00 25.00 ------------- ------------- Total Current Liabilities 733,069.08 759,622.37 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 733,069.08 759,622.37 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'l Paid In Capital 4,060,000.00 4,060,000.00 Current Net Income (Loss) (234,094.09) (493,470.71) Retained Earnings 12,374,651.30 13,052,190.51 ------------- Total Owner's Equity 16,201,557.21 16,619,719.80 ------------- ------------- Total Liabilities & Equity 65,517,372.30 65,962,457.88 ============= =============

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 22,410,666.55 485.75 -- 22,411,152.30 AMCV Cruise Operations, Inc. 01-10967 (22,771,729.84) -- 60,947.23 (22,832,677.07) The Delta Queen Steamboat Co. 01-10970 17,101,370.49 39,922.57 150,351.23 16,990,941.83 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 (167,391.63) -- -- (167,391.63) 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 Hawaii Properties Corporation 01-10976 (1,496.24) -- -- (1,496.24) Great Independence Ship Co. 01-10969 (4,881.60) -- -- (4,881.60) ----------------------------------------------------------------- 11,809,411.38 40,408.32 211,298.46 11,638,521.24 =================================================================

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

DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Paymentech Credit Card Processor 18,398.71 18,398.71 American Express Credit Card Processor -- Discover Credit Card Processor -- Diners Credit Card Processor -- Travel Agents -- Crew Member 135.00 135.00 ----------------------------------------------------------------------- Total -- 135.00 -- 18,398.71 18,533.71 =======================================================================

ATTACHMENT # 7 AMERICAN QUEEN AP-STEAMER CHECKS 23-000-221300-00000 MARCH-02

OUTSTANDING CHECKS: 17707 Tashanda Morreno-Amber Hensley 60.00 17732 Peter Levaneur-Sally Ralicki 100.00 17768 Bryant Johnson-Kenshell Lang 80.00 17779 Mark King-Rosa Trumble 170.00 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 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: 1774.58 =======

ATTACHMENT # 8 DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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. An evaluation of fuel inventory pricing has been performed and carrying values have been adjusted accordingly. 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. The Debtor has been unable to negotiate acceptable contract terms with credit card processors other than its primary processor, Paymentech. Accordingly, the Debtor has written off prepetition receivables that cannot be processed for collection. EX-99.4 6 g75742ex99-4.txt CAPE MAY LIGHT - MARCH 02 OPERATING REPORT EXHIBIT 99.4 DEBTOR: CAPE MAY LIGHT, L.L.C. CASE NUMBER: 01-10961 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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: CAPE MAY LIGHT, L.L.C. CASE NUMBER: 01-10961 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March Monthly Operating Report 16-Apr-02 Summary Of Bank,Investment Attachment 1 9:33 AM & Petty Cash Accounts Summary Cape May Light, L.L.C. Cape May Light, LLC Case No: 01-10961 (EIK) UNAUDITED For Month Of March, 2002

Balances ----------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- American Classic Voyages Co. 0.00 0.00 No - No - No - Bank of America Account Account Account Account # - 0030 6982 7205 Closed Closed Closed 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 - No - Bank of America Account Account Account Account # - 0041 6103 2379 Closed Closed Closed Cape May Light 0.00 0.00 No - No - Not No - Petty Cash No Activity A Bank No Activity Account

16-Apr-02 Receipts & Disbursements Attachment 2 9:33 AM Cape May Light, L.L.C. Summary Case No: 01-10961 (EIK) Cape May Light, LLC For Month Of March, 2002 Attach 2 No Receipts Or Disbursements Due To No Bank Activity Or Investment Accounts 16-Apr-02 Concentration & Investment Attachment 3 9:34 AM Account Statements Summary Cape May Light, L.L.C. Cape May Case No: 01-10961 (EIK) Light, LLC For Month Of March, 2002 Attach 3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:28 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=31 (CAPE MAY LIGHT)

PTD-Actual 31-Mar-02 ---------- Revenue Gross Revenue 79.28 Allowances 0.00 ---------- Net Revenue 79.28 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 64,463.83 Passenger Expenses (6,063.60) Vessel Expenses 18,031.70 Layup/Drydock Expense 0.00 Vessel Insurance 44,172.17 ---------- Total Operating Expenses 120,604.10 ---------- Gross Profit (120,524.82) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 ---------- Total SG&A Expenses 0.00 ---------- EBITDA (120,524.82) Depreciation 0.00 ---------- Operating Income (120,524.82) Other Expense/(Income) Interest Income 0.00 Interest Expense 8,724.01 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ---------- Total Other Expense/(Income) 8,724.01 ---------- Net Pretax Income/(Loss) (129,248.83) Income Tax Expense 0.00 ---------- Net Income/(Loss) (129,248.83) ==========

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:03 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=31 (CAPE MAY LIGHT)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ------------- ------------- ASSETS Cash and Equivalent 0.00 29,003.54 Restricted Cash 785,839.00 785,839.00 Accounts Receivable 6,235.46 15,651.15 Inventories 720,354.12 750,424.74 Prepaid Expenses 4,880.00 71,343.83 Other Current Assets 0.00 0.00 ------------- ------------- Total Current Assets 1,517,308.58 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 (12,441,214.45) (12,278,102.19) Net Deferred Financing Fees 2,512,514.97 2,559,333.82 Net Investment in Subsidiaries 0.00 0.00 ------------- ------------- Total Other Assets (9,928,699.48) (9,718,768.37) ------------- ------------- Total Assets 33,071,122.82 33,416,007.61 ============= =============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:03 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=31 (CAPE MAY LIGHT)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ------------- ------------- LIABILITIES Accounts Payable 324.10 18,286.96 Accrued Liabilities 449,394.78 454,710.16 Deposits 0.00 0.00 ------------- ------------- Total Current Liabilities 449,718.88 472,997.12 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 449,718.88 472,997.12 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'l Paid In Capital 0.00 0.00 Current Net Income (Loss) (216,269.89) (2,857,115.19) Retained Earnings (7,090,080.98) (4,137,454.89) Total Owner's Equity (7,306,350.87) (6,994,570.08) ------------- ------------- Total Liabilities & Equity 33,071,122.82 33,416,007.61 ============= =============

Cape May Light, LLC ATTACHMENT 6 01-10961 (JCA) Summary List of Due to/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 657,659.57 -- -- 657,659.57 AMCV Cruise Operations, Inc. 01-10967 (8,015,892.93) 1,600.00 38,904.30 (8,053,197.23) The Delta Queen Steamboat Co. 01-10970 8,466,448.11 -- 35,329.58 8,431,118.53 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 (33,543.95) -- -- (33,543.95) Great Ocean Cruise Line, L.L.C 01-10959 (1,844.01) -- -- (1,844.01) Cruise America Travel, Incorporated 01-10966 (1,054,561.24) -- -- (1,054,561.24) Delta Queen Coastal Voyages, L.L.C 01-10964 200,617.38 15,558.57 -- 216,175.95 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) -- -- (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 ----------------------------------------------------------------- (12,384,139.14) 17,158.57 74,233.88 (12,441,214.45) =================================================================

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

DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL e Paymentech Credit Card Processor 6,235.46 6,235.46 American Express Credit Card Processor -- Discover Credit Card Processor -- Diners Credit Card Processor -- Travel Agents -- --------------------------------------------------------------- Total -- -- -- 6,235.46 6,235.46 ===============================================================

ATTACHMENT # 7 CAPE MAY LIGHT AP-STEAMER CHECKS 31-000-221300-00000 MARCH-02

OUTSTANDING CHECKS: 1091 Multi-Marques 50.00 1162 K. McKnight-McRae's 100.00 1166 K. McKnight-Gordon's 100.00 1192 Donald Vivier-Capitol One 40.00 1195 Donald Vivier-Retailer Nat. Bank 20.00 1200 Joycelyn Owens-grats paid out 14.10 ------ Total per G/L: 324.10 ======

ATTACHMENT # 8 DEBTOR: CAPE MAY LIGHT, L.L.C. CASE NUMBER: 01-10961 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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. An evaluation of fuel inventory pricing has been performed and carrying values have been adjusted accordingly. 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. The Debtor has been unable to negotiate acceptable contract terms with credit card processors other than its primary processor, Paymentech. Accordingly, the Debtor has written off prepetition receivables that cannot be processed for collection. 6. Prepaid expenses that have expired have been written-off. EX-99.5 7 g75742ex99-5.txt CAPE COD LIGHT - MARCH 02 OPERATING REPORT Exhibit 99.5 DEBTOR: CAPE COD LIGHT, L.L.C. CASE NUMBER: 01-10962 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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: CAPE COD LIGHT, L.L.C. CASE NUMBER: 01-10962 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March Monthly Operating Report

16-Apr-02 Summary Of Bank And Investment Accounts Attachment 1 9:35 AM Cape Cod Light, L.L.C. Summary Case No: 01-10962 (EIK) UNAUDITED Cape Cod Light, LLC For Month Of March, 2002 ------------------------ Balances ----------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 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 Administration Adminstration - No Statements Cape Cod Light Security 0.00 450,145.87 Yes Yes Yes Hibernia Investments, LLC Account # - 4R6-771783

16-Apr-02 Receipts & Disbursements Attachment 2-1 6:47 PM Cape Cod Light, LLC R&D - Hibernia Investments - CCL Security Case No: 01-10962 (EIK) UNAUDITED Hibernia Investments, LLC Cape Cod Light Security Account Account # - 4R6-771783 1 March 02 - 31 March 02 ------------------------

Opening Balance - 1 Mar 02 0.00 Receipts 450,000.00 From The Delta Queen Steamboat Company - Hibernia - DQ Master Cash Account (812-395-335) 145.87 Interest Income ---------- 450,145.87 Total Receipts Disbursements ---------- 0.00 Total Disbursements Closing Balance - 31 Mar 02 450,145.87

AMCV US SET OF BOOKS Date: 19-APR-02 08:27:31 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=32 (CAPE COD LIGHT)

PTD-Actual 31-Mar-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 32,232.74 ---------- Total Operating Expenses 32,232.74 ---------- Gross Profit (32,232.74) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 990.00 Total SG&A Expenses 990.00 ---------- EBITDA (33,222.74) Depreciation 0.00 ---------- Operating Income (33,222.74) Other Expense/(Income) Interest Income (145.87) Interest Expense 8,616.94 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ---------- Total Other Expense/(Income) 8,471.07 ---------- Net Pretax Income/(Loss) (41,693.81) Income Tax Expense 0.00 ---------- Net Income/(Loss) (41,693.81) ==========

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:09 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=32 (CAPE COD LIGHT)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ------------- ------------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 8,158,728.00 8,158,728.00 Marketable Securities 450,145.87 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 8,896,337.56 8,451,233.69 Fixed Assets 35,976,588.77 35,993,283.77 Accumulated Depreciation 0.00 0.00 ------------- ------------- Net Fixed Assets 35,976,588.77 35,993,283.77 Net Goodwill 0.00 0.00 Intercompany Due To/From (13,793,763.72) (13,322,516.26) Net Deferred Financing Fees 2,585,083.32 2,630,465.87 Net Investment in Subsidiaries 0.00 0.00 ------------- ------------- Total Other Assets (11,208,680.40) (10,692,050.39) ------------- ------------- Total Assets 33,664,245.93 33,752,467.07 ============= =============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:09 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=32 (CAPE COD LIGHT)

YTD-Actual YTD-Actual 31-Mar-02 22-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'l Paid In Capital 0.00 0.00 Current Net Income (Loss) (60,907.69) (4,661,527.14) Retained Earnings (6,391,522.38) (1,702,681.79) ------------- ------------- Total Owner's Equity (6,452,430.07) (6,364,208.93) ------------- ------------- Total Liabilities & Equity 33,664,245.93 33,752,467.07 ============= =============

Cape Cod Light, LLC ATTACHMENT 6 01-10962(JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 1,670,131.78 -- -- 1,670,131.78 AMCV Cruise Operations, Inc. 01-10967 (3,949,193.20) -- 990.00 (3,950,183.20) The Delta Queen Steamboat Co. 01-10970 1,436,292.11 -- 32,232.74 1,404,059.37 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 -- 450,000.00 (448,697.81) 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 (13,058,475.55) -- -- (13,058,475.55) American Hawaii Properties Corporation 01-10976 (31,777.30) -- -- (31,777.30) Great Independence Ship Co. 01-10969 32,099.49 -- -- 32,099.49 -------------- ---- ---------- -------------- (13,310,540.98) -- 483,222.74 (13,793,763.72) ============== ==== ========== ==============

Cape Cod Light, L.L.C. 01-10962 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable Cape Cod Light, L.L.C. 01-10962 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: CAPE COD LIGHT, L.L.C. CASE NUMBER: 01-10962 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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. EX-99.6 8 g75742ex99-6.txt GREAT RIVER CRUISE LINE-MARCH 02 OPERATING REPORT EXHIBIT 99.6 DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 River Cruise Line, L.L.C. Case Number: 01-10963 (EIK) Monthly Operating Report As of March 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 March Monthly Operating Report 16-Apr-02 Attachment 1 8:50 AM Summary UNAUDITED Great River Cruise Line, LLC Summary Of Bank, Investment & Petty Cash Accounts Great River Cruise Line, L.L.C. Case No: 01-10963 (EIK) For Month Of March, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- Delta Queen Steamer 71,446.22 112,717.03 Yes No - Not Yes Hibernia Concentration Account # - 812-395-270 Account Delta Queen 0.00 0.00 No - Not A Bank Yes Petty Cash No Activity Account

16-Apr-02 Attachment 2-1 10:15 AM R&D - Hibernia - DQ Steamer UNAUDITED Receipts & Disbursements Great River Cruise Line, L.L.C. Case No: 01-10963 (EIK) Hibernia Delta Queen Steamer Account # - 812-395-270 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 71,446.42 Receipts 170,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ----------- 170,000.00 Total Receipts Disbursements (1,799.50) Consulting (3,969.00) Employee Payment (494.10) IT Support (268.30) Office Services (828.20) Office Supplies (3,474.95) Passenger Services Material (996.74) Petty Cash (82,384.77) Sales & Marketing (100.00) Shipping (4,668.88) Temporary Help (26,077.45) Vessel Material (3,667.50) Vessel Services ----------- (128,729.39) Total Disbursements Closing Balance - 31 Mar 02 112,717.03 16-Apr-02 Attachment 3 8:51 AM Summary Great River Cruise Line, LLC Attach 3 Concentration & Investment Account Statements Great River Cruise Line, L.L.C. Case No: 01-10963 (EIK) For Month Of March, 2002 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:32 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=22 (DELTA QUEEN)

PTD-Actual 31-Mar-02 ------------ Revenue Gross Revenue (4,406.00) Allowances (8,350.02) ------------ Net Revenue (12,756.02) Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 136.21 Passenger Expenses 26,805.39 Vessel Expenses 23,479.94 Layup/Drydock Expense 69,833.00 Vessel Insurance 57,677.66 ------------ Total Operating Expenses 177,932.20 ------------ Gross Profit (190,688.22) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 ------------ Total SG&A Expenses 0.00 ------------ EBITDA (190,688.22) Depreciation 0.00 ------------ Operating Income (190,688.22) 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) (190,688.22) Income Tax Expense 0.00 ------------ Net Income/(Loss) (190,688.22) ============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:11 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=22 (DELTA QUEEN)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 --------------- --------------- ASSETS Cash and Equivalent 49,722.98 64,522.98 Restricted Cash 0.00 0.00 Accounts Receivable 68,637.17 33,451.42 Inventories 169,987.44 270,331.59 Prepaid Expenses 0.00 37,922.40 Other Current Assets 0.00 14,555.00 --------------- --------------- Total Current Assets 288,347.59 420,783.39 Fixed Assets 27,296,694.44 27,296,694.44 Accumulated Depreciation (15,431,916.01) (15,065,339.51) --------------- --------------- Net Fixed Assets 11,864,778.43 12,231,354.93 Net Goodwill 0.00 0.00 Intercompany Due To/From (10,535,875.05) (9,202,583.95) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 --------------- --------------- Total Other Assets (10,535,875.05) (9,202,583.95) --------------- --------------- Total Assets 1,617,250.97 3,449,554.37 =============== ===============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:11 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=22 (DELTA QUEEN)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 -------------- -------------- LIABILITIES Accounts Payable 689.27 5,758.93 Accrued Liabilities 1,032,201.39 715,443.75 Deposits 355,300.71 2,045,629.83 -------------- -------------- Total Current Liabilities 1,388,191.37 2,766,832.51 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 -------------- -------------- Total Liabilities 1,388,191.37 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'l Paid In Capital 3,701,000.00 3,701,000.00 Current Net Income (Loss) (926,692.90) (2,206,220.03) Retained Earnings (3,085,978.45) (1,302,428.55) -------------- -------------- Total Owner's Equity (311,671.35) 192,351.42 -------------- -------------- Total Liabilities & Equity 1,617,250.97 3,449,554.37 ============== ==============

Great River Cruise Line, LLC 01-10963 (JCA) ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID# BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (6,707,630.20) 4,709.58 -- (6,702,920.62) AMCV Cruise Operations, Inc. 01-10967 (9,491,968.54) 137,607.73 76,269.35 (9,430,630.16) The Delta Queen Steamboat Co. 01-10970 6,833,173.43 208,919.57 237,313.06 6,804,779.94 DQSB II, Inc. 01-10974 (367.05) -- -- (367.05) Great AQ Steamboat, L.L.C 01-10960 167,391.63 -- -- 167,391.63 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 (49,604.28) 82,682.65 -- 33,078.37 Cruise America Travel, Incorporated 01-10966 (1,419,142.24) -- -- (1,419,142.24) 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 33,543.95 -- -- 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 Hawaii Properties Corporation 01-10976 9,562.38 -- -- 9,562.38 CAT II, Inc. 01-10968 1,025.41 -- -- 1,025.41 ----------------------------------------------------------- (10,656,212.17) 433,919.53 313,582.41 (10,535,875.05) ===========================================================

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 17,263.57 41,929.85 8,943.75 68,137.17 American Express Credit Card Processor -- Discover Credit Card Processor -- Diners Credit Card Processor -- Travel Agents -- Crew Member 500.00 500.00 ---------------------------------------------------------- Total -- 17,763.57 41,929.85 8,943.75 68,637.17 ==========================================================

ATTACHMENT #7 DELTA QUEEN AP-STEAMER CHECKS 22-000-221300-00000 MARCH-02 OUTSTANDING CHECKS: 12333 M. Richardson-Walmart 40.00 12335 J. Blasier-Capitol One 20.00 12385 J. Blasier-K. Hansen 150.00 12399 Peoria Historical Society 120.00 12404 Anthony May-Verizon 200.00 12408 Peoria Historical Society 160.00 -------- Total per G/L: 690.00 ======== ATTACHMENT #8 DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963(JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 been performed internally for food and beverage. An evaluation of fuel inventory pricing has been performed and carrying values have been adjusted accordingly. 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 continued to operate its primary asset, the Delta Queen, through January 4, 2002. The Debtor has now ceased to record depreciation expense due to the wet dock status of the vessel and has not adjusted asset values pending the outcome of Chapter 11 proceedings. The Debtor has continued to record all post-petition accruals for its next scheduled lay-up. 3. The Debtor has been unable to negotiate acceptable contract terms with credit card processors other than its primary processor, Paymentech. Accordingly, the Debtor has written off prepetition receivables which cannot be processed for collection. EX-99.7 9 g75742ex99-7.txt DELTA QUEEN COASTAL VOYAGES - MARCH 02 REPORT Exhibit 99.7 DEBTOR: DELTA QUEEN COASTAL VOYAGES, L.L.C. CASE NUMBER: 01-10964 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report 16-Apr-02 Summary Of Bank And Investment Accounts Attachment 1 2:45 PM Delta Queen Coastal Voyages, L.L.C. Summary Case No: 01-10964 (EIK) UNAUDITED Delta Queen Coastal Voyages, LLC For Month Of March, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- No Bank Or Investment Accounts NA NA NA NA NA

16-Apr-02 Receipts & Disbursements Attachment 2 10:25 AM Delta Queen Coastal Voyages, L.L.C. Summary Case No: 01-10964 (EIK) Delta Queen Coastal Voyages, LLC For Month Of March, 2002 Attach 2 No Receipts Or Disbursements Due To No Bank Or Investment Accounts 16-Apr-02 Concentration & Investment Account Statements Attachment 3 10:25 AM Delta Queen Coastal Voyages, L.L.C. Summary Case No: 01-10964 (EIK) Delta Queen Coastal Voyages, LLC For Month Of March, 2002 Attach 3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:35 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=30 (DELTA QUEEN COAST VOY)

PTD-Actual 31-Mar-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 300.00 Sales & Marketing 0.00 Start-Up Costs 0.00 ------------ Total SG&A Expenses 300.00 ------------ EBITDA (300.00) Depreciation 0.00 ------------ Operating Income (300.00) Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub (169,233.21) Reorganization expenses 0.00 ------------ Total Other Expense/(Income) 169,233.21 ------------ Net Pretax Income/(Loss) (169,533.21) Income Tax Expense 0.00 ------------ Net Income/(Loss) (169,533.21) ============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:13 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=30 (DELTA QUEEN COAST VOY)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 --------- --------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 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 (411,782.06) (411,482.06) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries (13,621,193.13) (12,652,491.22) -------------- --------------- Total Other Assets (14,032,975.19) (13,063,973.28) -------------- --------------- Total Assets (14,032,975.19) (13,063,973.28) ============== ===============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:13 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=30 (DELTA QUEEN COAST VOY)

YTD-Actual YTD-Actual 31-Mar-02 22-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'l Paid In Capital 0.00 0.00 Current Net Income (Loss) (274,705.80) (6,703,754.04) Retained Earnings (10,861,644.29) (3,463,594.14) -------------- --------------- Total Owner's Equity (11,136,350.09) (10,167,348.18) -------------- --------------- Total Liabilities & Equity (14,032,975.19) (13,063,973.28) ============== ===============

Delta Queen Coastal Voyages, LLC Attachment 6 01-10964 (JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # 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 - 300.00 191,046.38 The Delta Queen Steamboat Co. 01-10970 901,471.80 15,558.57 450,000.00 467,030.37 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) 450,000.00 - 448,697.81 Cape May Light, L.L.C. 01-10961 (200,617.38) - 15,558.57 (216,175.95) ------------------------------------------------------- (411,482.06) 465,558.57 465,858.57 (411,782.06) =======================================================

Delta Queen Coastal Voyages, L.L.C. 01-10964 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable Delta Queen Coastal Voyages, L.L.C. 01-10964 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: DELTA QUEEN COASTAL VOYAGES, L.L.C. CASE NUMBER: 01-10964 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 g75742ex99-8.txt DQSC PROPERTY CO. - MARCH 02 OPERATING REPORT Exhibit 99.8 DEBTOR: DQSC PROPERTY CO. CASE NUMBER: 01-10965 (EIK) MONTHLY OPERATING REPORT FOR THE MONTH ENDED MARCH 31, 2002 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 g75742ex99-9.txt CRUISE AMERICA TRAVEL-MARCH 02 OPERATING REPORT Exhibit 99.9 DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report 16-Apr-02 Summary Of Bank And Investment Accounts Attachment 1 11:21 AM Cruise America Travel, Incorporated Summary Case No: 01-10966 (EIK) UNAUDITED Cruise America Travel, Inc. For Month Of March, 2002

Balances ----------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

16-Apr-02 Receipts & Disbursements Attachment 2 11:21 AM Cruise America Travel, Incorporated Summary Case No: 01-10966 (EIK) Cruise America Travel, Inc. For Month Of March, 2002 Attach 2 No Receipts Or Disbursements Due To No Bank Or Investment Accounts 16-Apr-02 Concentration & Investment Account Statements Attachment 3 11:22 AM Cruise America Travel, Incorporated Summary Case No: 01-10966 (EIK) Cruise America Travel, Inc. For Month Of March, 2002 Attach 3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:35 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=29 (CAT - DQSC)

PTD-Actual 31-Mar-02 ----------- Revenue Gross Revenue 0.00 Allowances 0.00 ----------- Net Revenue 0.00 Operating Expenses Air 4,328.93 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 4,328.93 ----------- Gross Profit (4,328.93) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 ----------- Total SG&A Expenses 0.00 ----------- EBITDA (4,328.93) Depreciation 0.00 ----------- Operating Income (4,328.93) 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) (4,328.93) Income Tax Expense 0.00 ----------- Net Income/(Loss) (4,328.93) ===========

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:19 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=29 (CAT - DQSC)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ---------- ---------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Accounts Receivable 296.34 19,582.06 Inventories 0.00 0.00 Prepaid Expenses 280,548.14 565,863.67 Other Current Assets 0.00 0.00 ----------------------------------- Total Current Assets 280,844.48 585,445.73 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 4,899,085.91 4,474,118.72 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 ----------------------------------- Total Other Assets 4,899,085.91 4,474,118.72 ----------------------------------- Total Assets 5,179,930.39 5,059,564.45 ===================================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:19 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=29 (CAT - DQSC)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ---------- ---------- LIABILITIES Accounts Payable (1,559.54) 0.00 Accrued Liabilities 8,787.59 0.00 Deposits 0.00 0.00 ----------------------------------- Total Current Liabilities 7,228.05 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 1,591,053.16 1,591,053.16 ----------------------------------- Total Liabilities 1,598,281.21 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'l Paid In Capital 50,000.00 50,000.00 Current Net Income (Loss) (9,391.32) 591,526.60 Retained Earnings 3,541,040.50 2,821,253.54 ----------------------------------- Total Owner's Equity 3,581,649.18 3,462,780.14 ----------------------------------- Total Liabilities & Equity 5,179,930.39 5,059,564.45 ===================================

Cruise America Travel, Incorporated Attachment 6 01-10966 (JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (103,377.71) - - (103,377.71) AMCV Cruise Operations, Inc. 01-10967 (4,057,564.48) - 1,343.39 (4,058,907.87) The Delta Queen Steamboat Co. 01-10970 (252,135.90) 4,631.02 24,580.96 (272,085.84) 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 1,419,142.24 - - 1,419,142.24 Great Ocean Cruise Line, L.L.C. 01-10959 2,953,907.27 - - 2,953,907.27 Cape Cod Light, L.L.C. 01-10962 2,706.08 - - 2,706.08 Cape May Light, L.L.C. 01-10961 1,054,561.24 - - 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 Hawaii Properties Corporation 01-10976 1,126.92 - - 1,126.92 Great Independence Ship Co. 01-10969 16,321.27 - - 16,321.27 CAT II, Inc. 01-10968 23,133.53 - - 23,133.53 -------------------------------------------------------- 4,920,379.24 4,631.02 25,924.35 4,899,085.91 ========================================================

CRUISE AMERICA TRAVEL, INC. CASE #: 01-10966 (EIK) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Paymentech Credit Card Processor - American Express Credit Card Processor - Discover Credit Card Processor - Diners Credit Card Processor - Travel Agents 296.34 296.34 -------------------------------------------------------- Total 296.34 - - - 296.34 ========================================================

ATTACHMENT #7 Cruise America Travel, Incorporated 01-10966 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 primarily 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 g75742ex99-10.txt AMCV CRUISE OPERATIONS-MARCH 02 OPERATING REPORT EXHIBIT 99.10 DEBTOR: AMCV CRUISE OPERATIONS, INC. CASE NUMBER: 01-10967 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report 16-Apr-02 Summary Of Bank,Investment & Petty Cash Accounts Attachment 1 2:55 PM AMCV Cruise Operations, Inc. Summary Case No: 01-10967 (EIK) UNAUDITED AMCV Cruise For Month Of March, 2002 Operations, Inc

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 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 8,357.80 4,188.60 Yes Yes Yes Master Cash First Union National Bank Account # - 2090002602362 AMCV Escrow - Gohagan 220,191.38 246,864.27 Yes No - Not Yes LaSalle Bank Concentration Account # - 62-8766-40-4 Account American Classic Voyages 0.00 0.00 No - No - No - Fleet Bank Account Account Account Account # - 941-9148945 closed closed closed New Orleans Office 7,421.30 7,002.28 Yes Not A Bank Yes Petty Cash Account

* Proceeds From Matured Certificates Of Deposit Being Retained By Bank One While They Pursue Recovery Of Equivalent Amounts Relating To Letters Of Credits That Were Exercised After The Filing For Bankruptcy Where These Certificates Of Deposits Were Collateral 16-Apr-02 Receipts & Disbursements Attachment 2-1 2:57 PM AMCV Cruise Operations, Inc. R&D - Bank One Case No: 01-10967 (EIK) UNAUDITED - AHC CD (86) Bank One AHC Certificate Of Deposit Account # - 880058451981 1 March 02 - 31 March 02

Opening Balance - 1 Mar 02 25,000.00 Receipts --------- 0.00 Total Receipts Disbursements --------- 0.00 Total Disbursements Closing Balance - 31 Mar 02 25,000.00

16-Apr-02 Receipts & Disbursements Attachment 2-2 2:58 PM AMCV Cruise Operations, Inc. R&D - Bank One Case No: 01-10967 (EIK) UNAUDITED - AHC CD (87) Bank One AHC Certificate Of Deposit Account # - 880058452369 1 March 02 - 31 March 02

Opening Balance - 1 Mar 02 25,000.00 Receipts --------- 0.00 Total Receipts Disbursements --------- 0.00 Total Disbursements Closing Balance - 31 Mar 02 25,000.00

16-Apr-02 Receipts & Disbursements Attachment 2-3 3:00 PM 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 March 02 - 31 March 02

Opening Balance - 1 Mar 02 8,357.80 Receipts 102,514.38 Misc Refunds & Commissions 131,914.00 Hawaiian Asset Sale 378,953.40 From Oceanic Ship Co - First Union Bank - Account (2090002603921) ----------- 613,381.78 Total Receipts Disbursements (615,000.00) To The Delta Queen Steamboat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) (2,550.98) Bank Fees ----------- (617,550.98) Total Disbursements Closing Balance - 31 Mar 02 4,188.60

16-Apr-02 Receipts & Disbursements Attachment 2-4 3:00 PM American Classic Voyages R&D - LaSalle Case No: 01-10967 (EIK) UNAUDITED AMCV Escrow - Gohagan LaSalle AMCV Escrow - Gohagan Account # - 62-8766-40-4 1 March 02 - 31 March 02

Opening Balance - 1 Mar 02 220,191.38 Receipts 223.89 Interest Earned 26,449.00 Future Fare Deposits ----------- 26,672.89 Total Receipts Disbursements ----------- 0.00 Total Disbursements Closing Balance - 31 Mar 02 246,864.27

16-Apr-02 Receipts & Disbursements Attachment 2-5 2:57 PM AMCV Cruise Operations, Inc. R&D - NOLA Case No: 01-10967 (EIK) UNAUDITED Petty Cash New Orleans Office Petty Cash Account # - NA 1 March 02 - 31 March 02

Opening Balance - 1 Mar 02 7,421.30 Receipts -------- 0.00 Total Receipts Disbursements (140.00) Office Cleaning (76.41) Propane (61.19) Office Hardware (141.42) Other Miscellaneous -------- (419.02) Total Disbursements Closing Balance - 31 Mar 02 7,002.28

AMCV US SET OF BOOKS Date: 19-APR-02 08:27:38 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=15 (AMCV OPS)

PTD-Actual 31-Mar-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 392,776.95 Sales & Marketing 263,248.12 Start-Up Costs 0.00 ----------------- Total SG&A Expenses 656,025.07 ----------------- EBITDA (656,025.07) Depreciation 40,575.71 ----------------- Operating Income (696,600.78) Other Expense/(Income) Interest Income 442.71 Interest Expense 3,909.17 Equity in Earnings for Sub (3,349,496.88) Reorganization expenses 81,558.29 Other expense (144.81) ----------------- Total Other Expense/(Income) 3,435,262.24 ----------------- Net Pretax Income/(Loss) (4,131,863.02) Income Tax Expense 0.00 ----------------- Net Income/(Loss) (4,131,863.02) =================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:21 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=15 (AMCV OPS)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 --------------- ------------ ASSETS Cash and Equivalent (120,530.45) 1,723,947.86 Restricted Cash 246,864.27 219,000.00 Marketable Securities 50,000.00 50,000.00 Accounts Receivable 0.00 99,684.62 Inventories 0.00 0.00 Prepaid Expenses 403,225.89 522,662.13 Other Current Assets 43,600.00 1,750.00 --------------------------------------- Total Current Assets 623,159.71 2,617,044.61 Fixed Assets 9,371,564.98 9,371,627.23 Accumulated Depreciation (656,642.39) (453,764.30) --------------------------------------- Net Fixed Assets 8,714,922.59 8,917,862.93 Net Goodwill 0.00 0.00 Intercompany Due To/From (3,231,514.39) 2,150,807.43 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 61,381,436.05 66,329,274.35 --------------------------------------- Total Other Assets 58,149,921.66 68,480,081.78 --------------------------------------- Total Assets 67,488,003.96 80,014,989.32 =======================================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:21 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=15 (AMCV OPS)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 --------------- ------------ LIABILITIES Accounts Payable 132,653.93 5,363.60 Accrued Liabilities 337,581.35 289,488.87 Deposits 0.00 0.00 --------------------------------------- Total Current Liabilities 470,235.28 294,852.47 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 --------------------------------------- Total Liabilities 470,235.28 294,852.47 OTHER Liabilities Subject to Compromise 29,585,924.61 32,307,000.02 --------------------------------------- Total Other 29,585,924.61 32,307,000.02 OWNER'S EQUITY Common Stock 10,440.25 10,440.25 Add'l Paid In Capital 112,772,392.56 112,772,392.56 Current Net Income (Loss) (7,589,855.17) (37,037,717.81) Retained Earnings (67,761,133.57) (28,331,978.17) --------------------------------------- Total Owner's Equity 37,431,844.07 47,413,136.83 --------------------------------------- Total Liabilities & Equity 67,488,003.96 80,014,989.32 =======================================

AMCV Cruise ATTACHMENT 6 Operations, Inc. Summary List of Due To/Due From Accounts 01-10967 (JCA) For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (78,732,843.30) 573,956.91 1,353,918.82 (79,512,805.21) AMCV Holdings, Inc. 01-10973 (9,601.84) 8,773.86 629,025.15 (629,853.13) The Delta Queen Steamboat Co. 01-10970 (102,975,538.81) 2,299,665.06 1,530,200.40 (102,206,074.15) DQSB II, Inc. 01-10974 1,194.40 456.00 - 1,650.40 Great AQ Steamboat, L.L.C. 01-10960 22,771,729.84 60,947.23 - 22,832,677.07 Great Pacific NW Cruise Line, L.L.C. 01-10977 9,405,617.36 15,126.18 - 9,420,743.54 Great River Cruise Line, L.L.C. 01-10963 9,491,968.54 76,269.35 137,607.73 9,430,630.16 Great Ocean Cruise Line, L.L.C. 01-10959 21,419,111.30 100,889.68 65,616.58 21,454,384.40 Cruise America Travel, Incorporated 01-10966 4,057,564.48 1,343.39 - 4,058,907.87 Delta Queen Coastal Voyages, L.L.C. 01-10964 (191,346.38) 300.00 - (191,046.38) Cape Cod Light, L.L.C. 01-10962 3,949,193.20 990.00 - 3,950,183.20 Cape May Light, L.L.C. 01-10961 8,015,892.93 213,544.43 176,240.13 8,053,197.23 Project America, Inc. N/A (4,501,177.23) - - (4,501,177.23) Oceanic Ship Co. N/A 57,295,518.01 380,795.88 22.57 57,676,291.32 Project America Ship I, Inc. N/A 111,958.41 - - 111,958.41 Ocean Development Co. 01-10972 1,549,602.47 - - 1,549,602.47 Great Hawaiian Cruise Line, Inc. 01-10975 (96,655.80) - - (96,655.80) Great Hawaiian Properties Corporation 01-10971 (6,116,875.06) - - (6,116,875.06) American Hawaii Properties Corporation 01-10976 5,190,295.02 45.00 - 5,190,340.02 Great Independence Ship Co. 01-10969 36,654,424.42 - - 36,654,424.42 CAT II, Inc. 01-10968 9,637,982.06 - - 9,637,982.06 ---------------------------------------------------------------------------- (3,071,985.98) 3,733,102.97 3,892,631.38 (3,231,514.39) ============================================================================

AMCV Cruise Operations, Inc. 01-10967 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable ACCOUNTS PAYABLE TRIAL BALANCE AS OF MARCH 31, 2002 LIABILITY ACCOUNT: 15-000-220102-00000

INVOICE REMAINING SUPPLIER NAME INVOICE NUMBER DATE AMOUNT AMOUNT INVOICE DESCRIPTION - ------------- -------------- --------- ----------- ------------ --------------------------- AMERICAN MARITIME OFFICERS MPB KENNEY 01 26-Mar-02 $ 3,539.34 $ 3,539.34 D KENNEY CONTRIBUTIONS 2001 VACALL KENNEY 01 26-Mar-02 $ 2,988.72 $ 2,988.72 D KENNEY CONTRIBUTIONS 2001 VAC KENNEY 01 26-Mar-02 $ 428.40 $ 428.40 D KENNEY CONTRIBUTIONS 2001 TOTAL FOR SUPPLIER: $ 6,956.46 $ 6,956.46 AON RISK SERVICES, INC. OF IL 6000000040041 28-Feb-02 $ 600.00 $ 600.00 BOILER&MACHINERY 2/28/02-2/28/03 APOLLO ENTERPRISES 121201WILL 12-Dec-01 $ 202.38 $ 202.38 PRESC EXP - D WILLIAMSON DOS 12/12/01 BELLSOUTH 4300 031102 11-Mar-02 $ 2,514.01 $ 2,514.01 954 660-4300 002 1807 * 3/11/02 6892 022802 28-Feb-02 $ 117.23 $ 117.23 601-M23-6892-892 * 2/28/02 3363 022802 28-Feb-02 $ 2,365.13 $ 2,365.13 504-M83-3363-363 * 2/28/02 TOTAL FOR SUPPLIER: $ 4,996.37 $ 4,996.37 BENTON COUNTY TRUSTEE 123101 31-Dec-01 $ 1,549.91 $ 1,549.91 PROPERTY ADDRESS BL000400 BILL NOBLES, TRUSTEE 123101B 31-Dec-01 $ 1,704.40 $ 1,704.40 BILL NUMBER 145214 123101A 31-Dec-01 $ 1,963.66 $ 1,963.66 BILL NUMBER 145375 TOTAL FOR SUPPLIER: $ 3,668.06 $ 3,668.06 BIONDI, BRIAN 17818 30-Mar-02 $ 200.00 $ 200.00 REPLACE STEAMER CK#17818 BOARD OF COMMISSIONERS 245785 26-Mar-02 $ 598.47 $ 598.47 WATER 12/20-1/23/02 246110 27-Mar-02 $ 7,785.00 $ 7,785.00 DOCKAGE 4/1-30/02 TOTAL FOR SUPPLIER: $ 8,383.47 $ 8,383.47 BOB PATTERSON, TRUSTEE 123101B 31-Dec-01 $ 7,025.24 $ 7,025.24 FOLIO NUMBER 6BL-0004-0-00000-0 123101A 31-Dec-01 $ 5,059.38 $ 5,059.38 FOLIO NUMBER 1BL-0004-0-00000-0 TOTAL FOR SUPPLIER: $ 12,084.62 $ 12,084.62 CARL E LEVI, CITY TREASURER 123101 31-Dec-01 $ 1,400.93 $ 1,400.93 BILL#76013 CHARLIE CALDWELL, TRUSTEE 123101B 31-Dec-01 $ 2,807.17 $ 2,807.17 ACCOUNT NUMBER 000000516 123101A 31-Dec-01 $ 2,459.26 $ 2,459.26 ACCOUNT NUMBER 000000340 TOTAL FOR SUPPLIER: $ 5,266.43 $ 5,266.43 CITY TAX COLLECTOR 123101 31-Dec-01 $ 51.77 $ 51.77 PROPERTY ADDRESS BL000400 COUNTY TRUSTEE 123101 31-Dec-01 $ 1,299.20 $ 1,299.20 PROPERTY ADDRESS BL000400

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INVOICE REMAINING SUPPLIER NAME INVOICE NUMBER DATE AMOUNT AMOUNT INVOICE DESCRIPTION - ------------- -------------- --------- ----------- ------------ --------------------------- DECATUR COUNTY TRUSTEE 123101 31-Dec-01 $ 991.66 $ 991.66 PROPERTY ADDRESS BL000400 DIAZ CASH REGISTER CO INC. 6150 20-Mar-02 $ 152.60 $ 152.60 RENTAL TIME CLOCK 3/21-5/7/02 DICKSON COUNTY TRUSTEE 123101 31-Dec-01 $ 166.48 $ 166.48 PROPERTY ADDRESS BL000400 DIRECTV 0032-006733024 26-Dec-01 $ 60.33 $ 60.33 #006733024 0031-006733024 26-Nov-01 $ 60.33 $ 60.33 ACCT#006733024 0024-006733024C 23-Apr-01 $ (659.33) $ (659.33)OVERPAID CK#4002327 ACCT#006733024 0030-006733024A 26-Oct-01 $ 60.33 $ 60.33 ACCT#006733024 TOTAL FOR SUPPLIER: $ (478.34) $ (478.34) DIVERSEY LEVER, INC. 030706 18-Dec-01 $ (8.97) $ (8.97)FUEL SURCHARGE CREDIT DYER COUNTY TRUSTEE 123101 31-Dec-01 $ 2,915.08 $ 2,915.08 PROPERTY ADDRESS BL000400 EARTHLINK, INC. 66208859 26-Mar-02 $ 304.00 $ 304.00 ACCT#4372326 ENTERGY 031802 18-Mar-02 $ 14,227.16 $ 14,227.16 ACCT#4189216 FEDERAL EXPRESS 4-164-76119 14-Mar-02 $ 109.95 $ 109.95 NOLA 4-164-39356 14-Mar-02 $ 118.33 $ 118.33 NOLA 4-164-91485 14-Mar-02 $ 35.39 $ 35.39 NOLA 4-164-54334 14-Mar-02 $ 33.17 $ 33.17 NOLA 4-164-01697 8-Mar-02 $ 124.97 $ 124.97 NOLA TOTAL FOR SUPPLIER: $ 421.81 $ 421.81 FRED DIVINE DIVING & SALVAGE CO. 20024 20-Mar-02 $ 5,500.00 $ 5,500.00 LAY UP CQ 7/20-5/20/02 20029 22-Mar-02 $ 5,018.82 $ 5,018.82 ELECTRIC SVC CQ 2/22-3/22/02 TOTAL FOR SUPPLIER: $ 10,518.82 $ 10,518.82 HARDIN COUNTY TRUSTEE 123101 31-Dec-01 $ 2,254.32 $ 2,254.32 HARDIN COUNTY PROPERTY TAX HARRIS REGIONAL HOSPITAL 082001SMIT 2-Aug-01 $ 379.10 $ 379.10 MEDS SVCS W SMITH DOS 8/2/01 HEALTHSOUTH HOLDINGS 122801WILL 28-Dec-01 $ 100.80 $ 100.80 MED SVCS D WILLIAMSON DOC 12/21-28/01 121901WILL 19-Dec-01 $ 365.60 $ 365.60 MED SVCS D WILLIAMSON DOC 12/7-19/01 TOTAL FOR SUPPLIER: $ 466.40 $ 466.40 HENRY COUNTY TRUSTEE 123101 31-Dec-01 $ 323.79 $ 323.79 PROPERTY ADDRESS BL000400 HOUSTON COUNTY TRUSTEE 123101 31-Dec-01 $ 303.80 $ 303.80 HOUSTON COUNTY PROPERTY TAX HUMPHREYS COUNTY TRUSTEE 123101 31-Dec-01 $ 1,014.31 $ 1,014.31 PROPERTY ADDRESS BL000400

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INVOICE REMAINING SUPPLIER NAME INVOICE NUMBER DATE AMOUNT AMOUNT INVOICE DESCRIPTION - ------------- -------------- --------- ----------- ------------ --------------------------- ICS LOGISTICS 0246815B 19-Oct-01 $ -- $ 1,031.25 0275849B 26-Oct-01 $ 651.75 $ 651.75 0245847B 12-Oct-01 $ 1,056.00 $ 1,056.00 TOTAL FOR SUPPLIER: $ 1,707.75 $ 2,739.00 IKON OFFICE SOLUTIONS 22483491 18-Mar-02 412.40 $ 412.40 INTERNATIONAL BUSINESS MACHINES CORP 3237562 4-Mar-02 85.93 $ 85.93 3/1-14/02 IOS CAPITAL 52948867 28-Sep-01 $ 1,322.52 $ 1,322.52 10/25-11/24/01 52848199 17-Sep-01 $ 152.50 $ 152.50 10/12-11/11/01 TOTAL FOR SUPPLIER: $ 1,475.02 $ 1,475.02 ISLAND OASIS FROZEN COCKTAIL CO., INC 111501 15-Nov-01 $ 1,137.25 $ 1,137.25 LAKE COUNTY TRUSTEE 123101 31-Dec-01 $ 5,781.44 $ 5,781.44 PROPERTY ADDRESS BL000400 LAURA MAX RACINE, TIPTON COUNTY TRUSTEE 123101 31-Dec-01 $ 2,110.19 $ 2,110.19 TIPTON COUNTY PERSONAL PROPERTY TAX LORD, CAPT. STEVEN 0325-3102 31-Mar-02 $ 1,420.00 $ 1,420.00 SECURITY CQ 3/25-31/02 MARION COUNTY TRUSTEE 123101 31-Dec-01 $ 1,594.57 $ 1,594.57 MARION COUNTY PROPERTY TAX MCC SERVICES 0999465 20-Mar-02 $ 656.00 $ 656.00 0999654 22-Mar-02 $ 82.50 $ 82.50 $ 738.50 $ 738.50 MCI WORLDCOM CONFRENCING 120101 1-Dec-01 $ (46.07) $ (46.07)01-00005980958-00691 MONTGOMERY COUNTY TRUSTEE 123101 31-Dec-01 $ 2,694.83 $ 2,694.83 PROPERTY ADDRESS BL000400 MONTGOMERY, BARNETT, BROWN, READ, 61722 27-Dec-01 $ 928.52 $ 928.52 LEGAL FEES VESSEL OPS HAMMOND & MINTZ LLP 61724 27-Dec-01 $ 570.75 $ 570.75 LEGAL FEES M DAVIS 61723 27-Dec-01 $ 380.54 $ 380.54 LEGAL FEES L CARO TOTAL FOR SUPPLIER: $ 1,879.81 $ 1,879.81 MOULEDOUX, BLAND, LEGRAND & BRACKETT 000093 00185 3711 23-Jan-02 $ 58.34 $ 58.34 LEGAL SVCS R TRUSLEY 12/17-1/22/02 000093 00201 3713 23-Jan-02 $ 209.98 $ 209.98 LEGAL SVCS E MARTIN 12/18-1/22/02 000093 99204 3720 23-Jan-02 $ 152.40 $ 152.40 LEGAL SVCS S GEORGE 12/17-1/22/02 000093 01159 3715 23-Jan-02 $ 620.62 $ 620.62 LEGAL SVCS E GONTARSKI 12/18-1/22/02 000093 00200 3712 23-Jan-02 $ 301.43 $ 301.43 LEGAL SVCS K LAMBERT 12/18-1/22/02 000093 01233 3717 23-Jan-02 $ 193.80 $ 193.80 LEGAL SVCS L ROBINSON 12/17-1/22/02 000093 00242 3714 23-Jan-02 $ 314.74 $ 314.74 LEGAL SVCS A TODD 10/19-1/22/02 000093 67300 3719 23-Jan-02 $ 93.30 $ 93.30 LEGAL SVCS J SIMONEAUX 10/19-1/22/02 000093 99207 3721 23-Jan-02 $ 64.34 $ 64.34 LEGAL SVCS J JONES 12/18-1/22/02 000093 00152 3710 23-Jan-02 $ 886.07 $ 886.07 LEGAL SVCS B CRUMP 12/17-1/22/02

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INVOICE REMAINING SUPPLIER NAME INVOICE NUMBER DATE AMOUNT AMOUNT INVOICE DESCRIPTION - ------------- -------------- --------- ----------- ------------ --------------------------- 000093 01276 3718 23-Jan-02 $ 7,763.49 $ 7,763.49 LEGAL SVCS C BEVERLY 12/17-1/22/02 000093 01211 3716 23-Jan-02 $ 628.49 $ 628.49 LEGAL SVCS P BONNETTE 12/18-1/22/02 000093 01132 3735 24-Jan-02 $ 127.17 $ 127.17 LEGAL SVCS K HARTFORD 12/18-1/22/02 TOTAL FOR SUPPLIER: $ 11,414.17 $ 11,414.17 NANTAHAL RADIOLOGY ASSOC. PA 072401SMIT 24-Jul-01 $ 301.00 $ 301.00 MED SVCS W SMITH DOS 7/24/01 100901SMIT 9-Oct-01 $ 301.00 $ 301.00 MED SVCS W SMITH DOS 10/09/01 101001SMIT 10-Oct-01 $ 49.00 $ 49.00 MED SVCS W SMITH DOS 10/10/01 TOTAL FOR SUPPLIER: $ 651.00 $ 651.00 NEW ORLEANS PRIVATE PATROL SERVICE, INC. 0038421-IN 10-Mar-02 $ 1,971.60 $ 1,971.60 SECURITY 3/1-10/02 NORONHA, JASON 4010382 30-Mar-02 $ 45.00 $ 45.00 REPLACE CK#4010382 NORTHWEST SOUND & SECURITY TECH, INC. 3556 22-Mar-02 $ 693.50 $ 693.50 NTT/VERIO, INC -21 56598969 2-Feb-02 $ 30.33 $ 30.33 56386875 2-Jan-02 $ 70.00 $ 70.00 55730669 20-Oct-01 $ 135.67 $ 135.67 56167714 2-Dec-01 $ 70.00 $ 70.00 TOTAL FOR SUPPLIER: $ 306.00 $ 306.00 PAUL MEADOWS, TRUSTEE 123101 31-Dec-01 $ 4,646.31 $ 4,646.31 LAUDERDALE COUNTY PROPERTY TAX PERRY COUNTY 123101 31-Dec-01 $ 544.04 $ 544.04 PROPERTY ADDRESS BL000400 PITNEY BOWES CREDIT CORP 2904903-TAXES 14-Mar-02 $ 566.79 $ 566.79 POSTAGE METER TAXES 2904903-MR02 14-Mar-02 $ 738.63 $ 738.63 POSTAGE METER $ 1,305.42 $ 1,305.42 PROTECTION ONE 031302 13-Mar-02 $ 127.65 $ 127.65 ALARM MONITORING 4/1-30/02 SOMERSET REFINERY, INC. 12718B 25-Oct-01 $ 3,771.46 $ 0.01 PO#11923 SOUTHWESTERN BELL 0227 122401 24-Dec-01 $ (14.66) $ (14.66)314-436-0227-138-8 8922 120401 4-Dec-01 $ (7.62) $ (7.62)573 221-8922 555-7 TOTAL FOR SUPPLIER: $ (22.28) $ (22.28) SPEED WHEELS EXPRESS 031502 15-Mar-02 $ 113.00 $ 113.00 SPEEDY PRINTING 18307 26-Mar-02 $ 454.02 $ 454.02 ST. JOHNS FABRICATORS, INC. 020312 25-Mar-01 $ 1,549.88 $ 1,549.88 STEWART COUNTY TRUSTEE 123101 31-Dec-01 $ 2,569.98 $ ,569.98 PROPERTY ADDRESS BL000400

Page 4 of 5

INVOICE REMAINING SUPPLIER NAME INVOICE NUMBER DATE AMOUNT AMOUNT INVOICE DESCRIPTION - ------------- -------------- --------- ----------- ------------ --------------------------- TAX COLLECTOR 123101 31-Dec-01 $ 240.81 $ 240.81 PROPERTY ADDRESS BL000400 TENNESSEE SECRETARY OF STATE 123101 31-Dec-01 $ 900.00 $ 900.00 TREASURER, CITY OF MEMPHIS 123101 31-Dec-01 $ 2,626.70 $ 2,626.70 ACCOUNT NUMBER TBL000400 UNITED PARCEL SERVICE 0000709667102 9-Mar-02 $ 576.59 $ (576.59) 0000709667112 16-Mar-02 $ 601.81 $ (601.81) TOTAL FOR SUPPLIER: $ 1,178.40 $ (1,178.40) WAYNE COUNTY TRUSTEE 123101 31-Dec-01 $ 205.03 $ 205.03 PROPERTY ADDRESS BL000400 WIEK, CAPT. JAY 0401-0702 1-Apr-02 $ 720.00 $ 720.00 SECURITY CQ 4/1-7/02 WITHERS/SUDDATH RELOCATION SYSTEMS INC. 145196 30-Oct-01 $ 1,040.00 $ 10.00 60 DOLLIE LOADS WORKER'S COMPENSATION LEGAL CLINIC OF LA 0615-101601 16-Oct-01 $ 126.00 $ 126.00 MILEAGE REIMB 6/13-10/16/01 TOTAL FOR LIABILITY ACCOUNT: $138,780.93 $ 132,653.93 TOTAL FOR REPORT: $138,780.93 $ 132,653.93

Page 5 of 5 DEBTOR: AMCV CRUISE OPERATIONS, INC. CASE NUMBER: 01-10967 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 were reconciled. Results are reflected herein. 2. Asset sales were completed in the Florida offices, but the Louisiana auction has been postponed. Final reconciliation will be performed after all auctions are completed. EX-99.11 13 g75742ex99-11.txt CAT II,INC. - MARCH 02 OPERATING REPORT Exhibit 99.11 DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (EIK) MONTHLY OPERATING REPORT FOR THE MONTH ENDED MARCH 31, 2002 In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that CAT II, Inc. 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-99.12 14 g75742ex99-12.txt GREAT INDEPENDENCE SHIP CO.-OPERATING REPORT Exhibit 99.12 DEBTOR: GREAT INDEPENDENCE SHIP CO. CASE NUMBER: 01-10969 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report 16-Apr-02 Summary Of Bank And Investment Accounts Attachment 1 3:36 PM Great Independence Ship Co. Summary Case No: 01-10969 (EIK) UNAUDITED Great Independence Ship Co. For Month Of March, 2002

Balances ----------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- Independence Steamer 0.00 0.00 No - No - No - Bank of Hawaii Account Account Account Account # - 0001-029126 Closed Closed Closed

16-Apr-02 Receipts & Disbursements Attachment 2 3:36 PM Great Independence Ship Co. Summary Case No: 01-10969 (EIK) Great Independence Ship Co. For Month Of March, 2002 Attach 2 No Receipts Or Disbursements - Account Closed 16-Apr-02 Concentration & Investment Account Statements Attachment 3 3:38 PM Great Independence Ship Co. Summary Case No: 01-10969 (EIK) Great Independence Ship Co. For Month Of March, 2002 Attach 3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:38 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=54 (S.S. INDEPENDENCE)

PTD-Actual 31-Mar-02 ---------- Revenue Gross Revenue (12,903.81) Allowances 0.00 -------------- Net Revenue (12,903.81) Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 126,837.13 Vessel Expenses 1,039.36 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 -------------- Total Operating Expenses 127,876.49 -------------- Gross Profit (140,780.30) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 -------------- Total SG&A Expenses 0.00 -------------- EBITDA (140,780.30) Depreciation 0.00 -------------- Operating Income (140,780.30) 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) (144,971.68) Income Tax Expense 0.00 -------------- Net Income/(Loss) (144,971.68) ==============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:26 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=54 (S.S. INDEPENDENCE)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ---------- ---------- ASSETS Cash and Equivalent 0.00 64,505.83 Restricted Cash 0.00 0.00 Accounts Receivable 0.00 175,538.74 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 1,144,821.19 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 (17,753,320.49) (17,643,280.88) Net Deferred Financing Fees 687,385.22 709,459.82 Net Investment in Subsidiaries 0.00 0.00 -------------------------------------- Total Other Assets (17,065,935.27) (16,933,821.06) -------------------------------------- Total Assets 37,735,142.67 38,130,256.41 ======================================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:26 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=54 (S.S. INDEPENDENCE)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ---------- ---------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 31,544.34 Deposits 0.00 0.00 -------------------------------------- Total Current Liabilities 0.00 31,544.34 Long Term Debt 0.00 0.00 Other Long Term Liabilities 1,266,494.79 1,266,494.79 -------------------------------------- Total Liabilities 1,266,494.79 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'l Paid In Capital 17,616,000.00 17,616,000.00 Current Net Income (Loss) (33,106.13) (9,694,324.85) Retained Earnings (13,465,019.95) (3,462,979.03) -------------------------------------- Total Owner's Equity 4,118,873.92 4,459,696.12 -------------------------------------- Total Liabilities & Equity 37,735,142.67 38,130,256.41 ======================================

Great Independence Ship Co. Attachment 6 01-10969 (JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (24,948,942.58) - - (24,948,942.58) AMCV Cruise Operations, Inc. 01-10967 (36,654,424.42) - - (36,654,424.42) The Delta Queen Steamboat Co. 01-10970 83,084.83 - - 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 I, Inc. N/A 277,329.74 - - 277,329.74 Great Hawaiian Cruise Line, Inc. 01-10975 24,664,282.52 39,375.23 4,616.79 24,699,040.96 Great Hawaiian Properties Corporation 01-10971 28,898,393.97 - - 28,898,393.97 American Hawaii Properties Corporation 01-10976 542,250.76 - - 542,250.76 CAT II, Inc. 01-10968 (11,802,199.12) - - (11,802,199.12) --------------------------------------------------------- (17,788,078.93) 39,375.23 4,616.79 (17,753,320.49) =========================================================

Great Independence Ship Co. 01-10969 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable Great Independence Ship Co. 01-10969 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: GREAT INDEPENDENCE SHIP CO. CASE NUMBER: 01-10969 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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. 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. DEBTOR: GREAT INDEPENDENCE SHIP CO. CASE NUMBER: 01-10969 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH MONTHLY OPERATING REPORT 5. Credit card receivables have been reviewed for collectibility and adjusted accordingly. EX-99.13 15 g75742ex99-13.txt DELTA QUEEN STEAMBOAT CO-MARCH 02 OPERATING REPORT Exhibit 99.13 DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report

16-Apr-02 Summary Of Bank And Investment Accounts Attachment 1 4:59 PM The Delta Queen Steamboat Co. Summary Case No: 01-10970 (EIK) UNAUDITED The Delta Queen For Month Of March, 2002 Steamboat Co.

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- Delta Queen Controlled Disb 29,759.71 11,687.85 Yes Yes Yes Hibernia Account # - 542027373 Delta Queen Master Cash 247,191.78 345,733.39 Yes Yes Yes Hibernia Account # - 812-395-335 Delta Queen Payroll 106,334.06 35,947.79 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 Account Account Account Account # - TNE-043290 Closed Closed Closed The Delta Queen Steamboat Co. 0.00 0.00 No - No - No - AmSouth Account Account Account Account # - 19356307 Closed Closed Closed Delta Queen 0.00 0.00 No - No - No - LaSalle Account Account Account Account # - 5800155771 Closed Closed Closed DQ Credit Card 0.00 5,541.02 Yes No - Not Yes Bank One Concentration Account # - 552-0110062868 Account DQ Master Cash 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110256700 Closed Closed Closed The Delta Queen Steamboat Co 53,772.73 162,406.21 Yes No - Not Yes Receipts Concentration Hibernia Account Account # - 882-390-047 The Delta Queen Steamboat Co 0.00 0.00 No - No - No - Receipts Account Account Account LaSalle Closed Closed Closed Account # - 5800155839 The Delta Queen Steamboat Co 250,712.50 499,877.32 Yes No - Not Yes Escrow Account Concentration LaSalle Account Account # - 62-8930-70-3

16-Apr-02 Receipts & Disbursements Attachment 2-1 5:03 PM The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (EIK) UNAUDITED DQ Controlled Disb Hibernia Controlled Disbursements Account # - 542027373 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 29,759.71 Receipts 612,455.71 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ---------- 612,455.71 Total Receipts Disbursements (60,426.40) Benefits - Afloat Employees (22,584.28) Benefits - Shore Employees (361.20) Commission - DQ - FY 01 (5,520.43) Crew Medical & Maintenance (P&I) (4,358.58) Crew Replacement Check - Pre-Petition (6,786.83) Crew Union Dues/Other Employee Payments (3,000.00) Passenger Refunds - FY 02 (62,663.53) Professional Fees (30,128.45) SG&A - Finance (378.68) SG&A - Hotel Operations (626.51) SG&A - Human Resources (28,067.64) SG&A - IT/Communications (48,275.41) SG&A - Legal/Risk Management (2,205.33) SG&A - Office - Chicago (53,471.71) SG&A - Office - New Orleans (2,503.34) SG&A - Office - Weston (3,845.56) SG&A - Passenger Services (186,070.83) SG&A - Sales & Marketing (2,331.06) Start-Up - MQ (48,794.00) Taxes (136.03) Vessel - DQ FY 01 Operations (57,991.77) Vessel - Tie-Up/Other ---------- (630,527.57) Total Disbursements Closing Balance - 31 Mar 02 11,687.85 16-Apr-02 Receipts & Disbursements Attachment 2-2 5:06 PM 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 March 02 - 31 March 02 Opening Balance - 1 Mar 02 247,191.78 Receipts 1,900,000.00 From American Classic Voyages Co - Credit Suisse Asset Management - Account (247003452) 615,000.00 From AMCV Cruise Operations, Inc. - First Union - AMCV Cruise Ops Master Cash - Account (2090002602362) 305,768.46 Misc Local Deposits - Primarily FY 02 Deposits En Route To Escrow Account 25.00 From Hibernia - Reimbursement From Bank Error ------------ 2,820,793.46 Total Receipts Disbursements (612,455.71) To The Delta Queen Steam Boat Co. - Hibernia - DQSC Contr. Disb. - Account (542027373) (19,766.21) Airline Reporting Clearinghouse (149,865.28) 401K Payroll Payments (75,000.00) To The Delta Queen Steam Boat Co. - Hibernia - DQSC Receipts - Account (882-390-047) (90,000.00) To Great AQ Steamboat, LLC - Hibernia - AQ Steamer - Account (812-395-343) (220,000.00) To The Delta Queen Steam Boat Co. - Hibernia - DQ Payroll - Account (812-395-289) (170,000.00) To Great River Cruise Line, LLC - Hibernia - DQ Steamer - Account (812-395-270) (8,472.88) Sysco - Food (3,825.00) Consulting (61,207.49) Insurance (2,984.50) Moving Expense - Miami To New Orleans (450,000.00) To Cape Cod Light, LLC - Hibernia Investments , LLC Cape Cod Light Security - Account (4R6-771783) (248,954.53) To The Delta Queen Steam Boat Co. - LaSalle Bank - DQSC Escrow - Account (62-8930-70-3) (607,009.14) Professional Fees (700.00) Returned Check (2,011.11) UPS ---------- (2,722,251.85) Total Disbursements Closing Balance - 31 Mar 02 345,733.39 16-Apr-02 Receipts & Disbursements Attachment 2-3 5:07 PM The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (EIK) UNAUDITED DQ Payroll Hibernia DQ Payroll Account # - 812-395-289 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 106,334.06 Receipts 220,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ---------- 220,000.00 Total Receipts Disbursements (256,066.29) Payroll - Wires (34,319.98) Payroll - Checks ---------- (290,386.27) Total Disbursements Closing Balance - 31 Mar 02 35,947.79 16-Apr-02 Receipts & Disbursements Attachment 2-4 5:18 PM 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 March 02 - 31 March 02 Opening Balance - 1 Mar 02 0.00 Receipts 5,541.02 Credit Card Charge Back Reversal - Paymentech ---------- 5,541.02 Total Receipts Disbursements To Great Hawaiian Properties Corporation - Bank One - AHC Mainland Payroll Account (552-0110673387) ---------- 0.00 Closing Balance - 31 Mar 02 5,541.02 16-Apr-02 Receipts & Disbursements Attachment 2-5 5:19 PM The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (EIK) UNAUDITED DQSC Receipts Hibernia DQSC Receipts Account # - 882-390-047 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 53,772.73 Receipts 75,000.00 From The Delta Queen Steamboat Company - Hibernia - DQ Master Cash Account (812-395-335) 92,028.75 From Credit Card Processor ---------- 167,028.75 Total Receipts Disbursements (57,088.21) Credit Card Processor Fees (1,307.06) Credit Card Chargebacks ---------- (58,395.27) Total Disbursements Closing Balance - 31 Mar 02 162,406.21 16-Apr-02 Receipts & Disbursements Attachment 2-6 5:23 PM The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (EIK) UNAUDITED DQSC Escrow LaSalle DQSC Escrow Account # - 62-8930-70-3 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 250,712.50 Receipts 248,954.53 From The Delta Queen Steamboat Company - Hibernia - DQ Master Cash Account (812-395-335) 210.29 Interest Income ---------- 249,164.82 Total Receipts Disbursements ---------- 0.00 Total Disbursements Closing Balance - 31 Mar 02 499,877.32 AMCV US SET OF BOOKS Date: 19-APR-02 08:27:41 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=20 (DELTA QUEEN STEAM CO)

PTD-Actual 31-Mar-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 1,306.00 Sales & Marketing 0.00 Start-Up Costs 0.00 ----------- Total SG&A Expenses 1,306.00 ----------- EBITDA (1,306.00) Depreciation 41,145.00 ----------- Operating Income (42,451.00) Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub (709,494.51) Reorganization expenses 13,703.55 Other expense (5,179.02) ----------- Total Other Expense/(Income) 718,019.04 ----------- Net Pretax Income/(Loss) (760,470.04) Income Tax Expense 0.00 ----------- Net Income/(Loss) (760,470.04) ===========

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:25 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=20 (DELTA QUEEN STEAM CO)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-02 ------------- ------------- ASSETS Cash and Equivalent 506,872.93 2,494,983.63 Restricted Cash 0.00 0.00 Accounts Receivable 2,225,828.23 0.00 Inventories 638,824.91 840,779.06 Prepaid Expenses 0.00 13,147.33 Other Current Assets 0.00 0.00 ------------- ------------- Total Current Assets 3,371,526.07 3,348,910.02 Fixed Assets 7,971,277.75 8,202,345.75 Accumulated Depreciation (5,406,616.56) (5,195,800.16) ------------- ------------- Net Fixed Assets 2,564,661.19 3,006,545.59 Net Goodwill 0.00 0.00 Intercompany Due To/From 37,643,033.69 37,437,552.28 Net Deferred Financing Fees 0.00 5,434.15 Net Investment in Subsidiaries 31,053,137.36 33,999,708.26 ------------- ------------- Total Other Assets 68,696,171.05 71,442,694.69 ------------- ------------- Total Assets 74,632,358.31 77,798,150.30 ============= =============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:25 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=20 (DELTA QUEEN STEAM CO)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-02 ------------- ------------ LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 6,660.89 0.00 Deposits 0.00 0.00 ------------- ------------ Total Current Liabilities 6,660.89 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 9,993,779.93 9,993,779.93 ------------- ------------ Total Liabilities 10,000,440.82 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'l Paid In Capital 33,564,332.71 33,564,332.71 Current Net Income (Loss) (2,301,446.38) (2,866,520.92) Retained Earnings 32,790,195.48 36,527,722.90 ------------- ------------ Total Owner's Equity 64,054,081.81 67,226,534.69 ------------- ------------ Total Liabilities & Equity 74,632,358.31 77,798,150.30 ============= ============

The Delta Queen Steamboat Co. ATTACHMENT 6 01-10970(JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE --------- -------------- ------------ ------------ -------------- American Classic Voyages Co. 01-10954 (6,325,037.83) 5,400.41 7,575.57 (6,327,212.99) AMCV Cruise Operations, Inc. 01-10967 102,975,538.81 1,480,958.72 2,250,423.38 102,206,074.15 Great AQ Steamboat, L.L.C 01-10960 (17,101,370.49) 150,351.23 39,922.57 (16,990,941.83) Great Pacific NW Cruise Line, L.L.C 01-10977 (8,436,809.68) 32,092.21 9,483.86 (8,414,201.33) Great River Cruise Line, L.L.C 01-10963 (6,833,173.43) 237,313.06 208,919.57 (6,804,779.94) Great Ocean Cruise Line, L.L.C 01-10959 (14,935,686.13) 170,017.90 1,693,478.13 (16,459,146.36) Cruise America Travel, Incorporated 01-10966 252,135.90 24,580.96 4,631.02 272,085.84 Delta Queen Coastal Voyages, L.L.C 01-10964 (901,471.80) 450,000.00 15,558.57 (467,030.37) Cape Cod Light, L.L.C 01-10962 (1,436,292.11) 67,562.32 35,329.58 (1,404,059.37) Cape May Light, L.L.C 01-10961 (8,466,448.11) 67,562.32 32,232.74 (8,431,118.53) Project America, Inc. N/A (2,935,356.03) -- -- (2,935,356.03) Oceanic Ship Co. N/A (136,810.43) -- -- (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 2,214,633.49 -- -- 2,214,633.49 Great Hawaiian Cruise Line, Inc. 01-10975 381.00 -- -- 381.00 Great Hawaiian Properties Corporation 01-10971 1,247,073.77 -- -- 1,247,073.77 American Hawaii Properties Corporation 01-10976 43,550.29 -- -- 43,550.29 Great Independence Ship Co. 01-10969 (83,084.83) -- -- (83,084.83) CAT II, Inc. 01-10968 (100.00) -- -- (100.00) -------------- ------------ ------------ -------------- 39,254,749.55 2,685,839.13 4,297,554.99 37,643,033.69 ============== ============ ============ ==============

The Delta Queen Steamboat Company 01-10970 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable The Delta Queen Steamboat Company 01-10970 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 been performed internally. 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. An accounts receivable aging is not provided herein as all monies are held in escrow by the credit card processor until completion of the voyage for which the monies have been provided. EX-99.14 16 g75742ex99-14.txt GREAT HAWAIIAN PROPERTIES CORP-MARCH 02 REPORT EXHIBIT 99.16 DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION CASE NUMBER: 01-10971(EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 PROPERTIES CORPORATION CASE NUMBER: 01-10971(EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March Monthly Operating Report 16-Apr-02 Attachment 1 8:34 PM Summary UNAUDITED Great Hawaiian Properties Corp Summary Of Bank And Investment Accounts Great Hawaiian Properties Corporation Case No: 01-10971 (EIK) For Month Of March, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- AHC - Honolulu Disbursements 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110649303 Closed Closed Closed AHC - Mainland Credit Cards 0.00 900.00 Yes No - Not Yes Bank One Concentration Account # - 552-0110521579 Account AHC - Mainland Disbursements 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110673395 Closed Closed Closed AHC - Mainland Payroll 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110673387 Closed Closed Closed AHC - Master Cash 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110673360 Closed Closed Closed AHC - Honolulu Credit Cards 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110572580 Closed Closed Closed Great Hawaiian Prop Corp 0.00 0.00 No - No - No - Goldman Sachs & Co. Account Account Account Account # - 020-33478-5 Closed Closed Closed

16-Apr-02 Attachment 2-1 8:36 PM R&D - Bank One UNAUDITED AHC Mainland Credit Cards Receipts & Disbursements Great Hawaiian Properties Corporation Case No: 01-10971 (EIK) Bank One AHC Mainland Credit Cards Account # - 552-0110521579 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 0.00 Receipts 900.00 Chargeback Reversals -------- 900.00 Total Receipts Disbursements -------- 0.00 Total Disbursements Closing Balance - 31 Mar 02 900.00 16-Apr-02 Attachment 3 8:35 PM Summary Great Hawaiian Properties Corp Attach 3 Concentration & Investment Account Statements Great Hawaiian Properties Corporation Case No: 01-10971 (EIK) For Month Of March, 2002 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:42 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=51 (AHC - OPERATIONS)

PTD-Actual 31-Mar-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 Start-Up 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 319,206.74 Other expense (900.00) ---------- Total Other Expense/(Income) 318,306.74 ---------- Net Pretax Income/(Loss) (318,306.74) Income Tax Expense 0.00 ---------- Net Income/(Loss) (318,306.74) ==========

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:30 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=51 (AHC - OPERATIONS)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 -------------- -------------- ASSETS Cash and Equivalent 900.00 665,214.37 Restricted Cash 0.00 0.00 Accounts Receivable 0.00 0.00 Inventories 0.00 36,560.78 Prepaid Expenses 0.00 1,609.00 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 900.00 703,384.15 Fixed Assets 0.00 1,992,727.87 Accumulated Depreciation 0.00 (1,687,090.91) -------------- -------------- Net Fixed Assets 0.00 305,636.96 Net Goodwill 0.00 0.00 Intercompany Due To/From 21,009,706.76 20,319,892.39 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 -------------- -------------- Total Other Assets 21,009,706.76 20,319,892.39 -------------- -------------- Total Assets 21,010,606.76 21,328,913.50 ============== ==============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:30 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=51 (AHC - OPERATIONS)

YTD-Actual YTD-Actual 31-Mar-02 22-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'l Paid In Capital 83,336,732.73 83,336,732.73 Current Net Income (Loss) (318,306.74) (516,397.64) Retained Earnings (46,832,657.88) (46,316,260.24) -------------- -------------- Total Owner's Equity 36,195,208.36 36,513,515.10 -------------- -------------- Total Liabilities & Equity 21,010,606.76 21,328,913.50 ============== ==============

Great Hawaiian Properties Corporation 01-10971(JCA) ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID# BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 51,110,970.59 -- -- 51,110,970.59 AMCV Cruise Operations, Inc. 01-10967 6,116,875.06 -- -- 6,116,875.06 The Delta Queen Steamboat Co. 01-10970 (1,247,073.77) -- -- (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 (3,007,602.48) -- -- (3,007,602.48) Oceanic Ship Co. N/A (345,917.07) -- -- (345,917.07) Ocean Development Co. 01-10972 780,707.24 -- -- 780,707.24 Great Hawaiian Cruise Line, Inc. 01-10975 (3,620,821.03) 21,385.30 -- (3,599,435.73) American Hawaii Properties Corporation 01-10976 (62,430.01) -- -- (62,430.01) Great Independence Ship Co. 01-10969 (28,898,393.97) -- -- (28,898,393.97) CAT II, Inc. 01-10968 570.94 -- -- 570.94 ----------------------------------------------------------- 20,988,321.46 21,385.30 -- 21,009,706.76 ===========================================================

Great Hawaiian Properties Corporation 01-10971 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable Great Hawaiian Properties Corporation 01-10971 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION CASE NUMBER: 01-10971 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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. Proceeds of the auctions have been reconciled and the resulting loss on disposition has been recorded. 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 g75742ex99-15.txt OCEAN DEVELOPMENT CO. - MARCH 02 OPERATING REPORT EXHIBIT 99.15 DEBTOR: OCEAN DEVELOPMENT CO. CASE NUMBER: 01-10972(EIK) MONTHLY OPERATING REPORT FOR THE MONTH ENDED MARCH 31, 2002 In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that Ocean Development 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-99.16 18 g75742ex99-16.txt AMCV HOLDINGS,INC. - MARCH 02 OPERATING REPORT EXHIBIT 99.16 DEBTOR: AMCV HOLDINGS, INC. CASE NUMBER: 01-10973(EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 HOLDINGS, INC. CASE NUMBER: 01-10973(EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March Monthly Operating Report 16-Apr-02 Attachment 1 8:46 PM Summary UNAUDITED AMCV Holdings, Inc. Summary Of Bank And Investment Accounts AMCV Holdings, Inc. Case No: 01-10973 (EIK) For Month Of March, 2002

Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

16-Apr-02 Attachment 2 8:47 PM Summary AMCV Holdings, Inc. Attach 2 Receipts & Disbursements AMCV Holdings, Inc. Case No: 01-10973 (EIK) For Month Of March, 2002 No Receipts Or Disbursements Due To No Bank Or Investment Accounts 16-Apr-02 Attachment 3 8:47 PM Summary AMCV Holdings, Inc. Attach 2 Concentration & Investment Account Statements AMCV Holdings, Inc. Case No: 01-10973 (EIK) For Month Of March, 2002 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:45 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=12 (AMCV - HOLDINGS)

PTD-Actual 31-Mar-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 Start-Up 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 (2,589,026.83) Reorganization expenses 0.00 -------------- Total Other Expense/(Income) 2,589,026.83 -------------- Net Pretax Income/(Loss) (2,589,026.83) Income Tax Expense 0.00 -------------- Net Income/(Loss) (2,589,026.83) ==============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:31 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=12 (AMCV - HOLDINGS)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 -------------- -------------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 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 (2,672,645.75) (918,077.34) -------------- -------------- Total Other Assets (2,672,645.75) (918,077.34) -------------- -------------- Total Assets (2,672,645.75) (918,077.34) ============== ==============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:31 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=12 (AMCV - HOLDINGS)

YTD-Actual YTD-Actual 31-Mar-02 22-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'l Paid In Capital 79,208,059.85 79,208,059.85 Current Net Income (Loss) (2,486,855.30) (13,500,663.21) Retained Earnings (79,403,290.55) (66,634,914.23) -------------- -------------- Total Owner's Equity (2,672,645.75) (918,077.34) -------------- -------------- Total Liabilities & Equity (2,672,645.75) (918,077.34) ============== ==============

AMCV Holdings, Co. 01-10973 (JCA) ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID# BALANCE DEBITS CREDITS BALANCE AMCV Cruise Operations, Inc. 01-10967 9,601.84 628,493.06 8,241.77 629,853.13 Project America, Inc. N/A (4,869.20) 3,286.49 446,908.20 (448,490.91) Great Hawaiian Cruise Line, Inc. 01-10975 (4,732.64) 17,828.84 194,458.42 (181,362.22) ------------------------------------------------------- -- 649,608.39 649,608.39 -- =======================================================

AMCV Holdings, Inc. 01-10973 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable AMCV Holdings, Inc. 01-10973 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: AMCV HOLDINGS, INC. CASE NUMBER: 01-10973(JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 g75742ex99-17.txt DQSB II,INC. - MARCH 02 OPERATING REPORT Exhibit 99.17 DEBTOR: DQSB II, INC. CASE NUMBER: 01-10974 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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: DQSB II, INC. CASE NUMBER: 01-10974 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March Monthly Operating Report

16-Apr-02 Summary Of Bank And Investment Accounts Attachment 1 10:56 PM DQSB II, Inc. Summary Case No: 01-10974 (EIK) UNAUDITED DQSB II, Inc. For Month Of March, 2002 Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

16-Apr-02 Receipts & Disbursements Attachment 2 10:58 PM DQSB II, Inc. Summary Case No: 01-10974 (EIK) DQSB II, Inc. For Month Of March, 2002 Attach 2 No Receipts Or Disbursements Due To No Bank Or Investment Accounts

16-Apr-02 Concentration & Investment Account Statements Attachment 3 10:57 PM DQSB II, Inc. Summary Case No: 01-10974 (EIK) DQSB II, Inc. For Month Of March, 2002 Attach 3 No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS Date: 19-APR-02 08:27:45 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=60 (DELTA QUEEN SC II)

PTD-Actual 31-Mar-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 456.00 Sales & Marketing 0.00 Start-Up Costs 0.00 --------------- Total SG&A Expenses 456.00 --------------- EBITDA (456.00) Depreciation 0.00 --------------- Operating Income (456.00) Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub (8,739.44) Reorganization expenses 0.00 --------------- Total Other Expense/(Income) 8,739.44 --------------- Net Pretax Income/(Loss) (9,195.44) Income Tax Expense 0.00 --------------- Net Income/(Loss) (9,195.44) ===============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:35 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=60 (DELTA QUEEN SC II)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ------------ ------------ ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 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 (21,817.32) (21,361.32) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 138,672.08 178,552.30 -------------------------- Total Other Assets 116,854.76 157,190.98 -------------------------- Total Assets 116,854.76 157,190.98 ==========================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:35 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=60 (DELTA QUEEN SC II)

YTD-Actual YTD-Actual 31-Mar-02 22-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'l Paid In Capital 600,000.00 600,000.00 Current Net Income (Loss) (24,780.55) (181,334.98) Retained Earnings (453,459.86) (256,569.21) --------------------------- Total Owner's Equity 121,759.59 162,095.81 --------------------------- Total Liabilities & Equity 116,854.76 157,190.98 ===========================

DQSB II, INC. ATTACHMENT 6 01-10974 (JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002 BEGINNING ENDING AFFILIATE NAME CASE ID # 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) - 456.00 (1,650.40) 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) - 456.00 (21,817.32) ==============================================================

DQSB II, Inc. 01-10974 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable DQSB II, Inc. 01-10974 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: DQSB II, INC. CASE NUMBER: 01-10974 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 g75742ex99-18.txt GREAT HAWAIIAN CRUISE LINE - MARCH 02 REPORT Exhibit 99.18 DEBTOR: GREAT HAWAIIAN CRUISE LINE, INC. CASE NUMBER: 01-10975 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report

16-Apr-02 Summary Of Bank And Investment Accounts Attachment 1 10:59 PM Great Hawaiian Cruise Line, Inc. Summary Case No: 01-10975 (EIK) UNAUDITED Great Hawaiian Cruise Line, Inc. For Month Of March, 2002 Balances ----------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts

16-Apr-02 Receipts & Disbursements Attachment 2 11:00 PM Great Hawaiian Cruise Line, Inc. Summary Case No: 01-10975 (EIK) Great Hawaiian Cruise Line For Month Of March, 2002 Attach 2 No Receipts Or Disbursements Due To No Bank Or Investment Accounts

16-Apr-02 Concentration & Investment Account Statements Attachment 3 11:01 PM Great Hawaiian Cruise Line, Inc. Summary Case No: 01-10975 (EIK) Great Hawaiian Cruise Line For Month Of March, 2002 Attach 3 No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS Date: 19-APR-02 08:27:48 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=50 (GREAT HAWAII CRUISE LN)

PTD-Actual 31-Mar-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 Start-Up 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 (1,903,829.94) Reorganization expenses 0.00 ----------------- Total Other Expense/(Income) 1,903,829.94 ----------------- Net Pretax Income/(Loss) (1,903,829.94) Income Tax Expense 0.00 ----------------- Net Income/(Loss) (1,903,829.94) =================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:35 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=50 (GREAT HAWAII CRUISE LN)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 --------------- ------------ ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 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 (24,600,692.37) (24,608,201.70) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 40,594,246.79 41,532,108.18 ---------------------------------- Total Other Assets 15,993,554.42 16,923,906.48 ---------------------------------- Total Assets 15,993,554.42 16,923,906.48 ==================================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:35 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=50 (GREAT HAWAII CRUISE LN)

YTD-Actual YTD-Actual 31-Mar-02 22-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'l Paid In Capital 76,531,536.87 76,531,536.87 Current Net Income (Loss) (1,801,595.22) (11,777,334.92) Retained Earnings (56,928,596.53) (46,022,504.77) --------------------------------- Total Owner's Equity 17,809,785.37 18,740,137.43 --------------------------------- Total Liabilities & Equity 15,993,554.42 16,923,906.48 =================================

Great Hawaiian Cruise Line, Inc. ATTACHEMENT 6 01-10975 (JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002 BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (3,599,725.67) - - (3,599,725.67) AMCV Holdings, Inc. 01-10973 4,732.64 194,458.42 17,828.84 181,362.22 AMCV Cruise Operations, Inc. 01-10967 96,655.80 - - 96,655.80 The Delta Queen Steamboat Co. 01-10970 (381.00) - - (381.00) Oceanic Ship Co. N/A (1,803.12) - - (1,803.12) Great Hawaiian Properties Corporation 01-10971 3,620,821.03 - 21,385.30 3,599,435.73 American Hawaii Properties Corporation 01-10976 (56,709.53) 34,258.86 154,744.70 (177,195.37) Great Independence Ship Co. 01-10969 (24,664,282.52) 4,616.79 39,375.23 (24,699,040.96) ---------------------------------------------------------------------- (24,600,692.37) 233,334.07 233,334.07 (24,600,692.37) ======================================================================

Great Hawaiian Cruise Line, Inc. 01-10975 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable Great Hawaiian Cruise Line, Inc. 01-10975 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: GREAT HAWAIIAN CRUISE LINE, INC. CASE NUMBER: 01-10975 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 g75742ex99-19.txt AMERICAN HAWAII PROPERTIES CORP-MARCH 02 REPORT Exhibit 99.19 DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report

16-Apr-02 Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 11:02 PM American Hawaii Properties Corporation Summary Case No: 01-10976 (EIK) UNAUDITED American Hawaii Properties For Month Of March, 2002 Corp

Balances ------------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled - ------- ------------- ------------- -------- -------- ---------- AHC -- Honolulu 0.00 0.00 No - No - No - Payroll Account Account Account Bank One Closed Closed Closed Account# -- 552-0110673379 American Hawaii 0.00 0.00 No - No - No - Pro DBA Account Account Account Bank of Hawaii Closed Closed Closed Account# -- 0001-037773 Honolulu Office 0.00 0.00 No - Not A Bank No - Petty Cash No Activity Account No Activity

16-Apr-02 Receipts & Disbursements Attachment 2 11:57 PM American Hawaii Properties Corp Summary Case No: 01-10976 (EIK) American Hawaii For Month Of March, 2002 Properties Corp Attach 2 No Receipts Or Disbursements Due To All Accounts Closed 16-Apr-02 Concentration & Investment Account Statements Attachment 3 11:04 PM American Hawaii Properties Corp Summary Case No: 01-10976 (EIK) American Hawaii For Month Of March, 2002 Properties Corp Attach 3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:48 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=52 (AHC - HONOLULU OFFICE)

PTD-Actual 31-Mar-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 (22,785.95) Sales & Marketing 0.00 Start-Up Costs 0.00 ----------------- Total SG&A Expenses (22,785.95) ----------------- EBITDA 22,785.95 Depreciation 0.00 ----------------- Operating Income 22,785.95 Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 1,463,337.47 ----------------- Total Other Expense/(Income) 1,463,337.47 ----------------- Net Pretax Income/(Loss) (1,440,551.52) Income Tax Expense 0.00 ----------------- Net Income/(Loss) (1,440,551.52) =================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:40 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=52 (AHC - HONOLULU OFFICE)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ------------ ------------ ASSETS Cash and Equivalent 0.00 175,430.72 Restricted Cash 0.00 0.00 Accounts Receivable 0.00 1,334.40 Inventories 0.00 1,214,962.00 Prepaid Expenses 0.00 7,240.63 Other Current Assets 0.00 0.00 ------------ ------------ Total Current Assets 0.00 1,398,967.75 Fixed Assets 0.00 1,553,888.60 Accumulated Depreciation 0.00 (591,442.88) ------------ ------------ Net Fixed Assets 0.00 962,445.72 Net Goodwill 0.00 0.00 Intercompany Due To/From (2,980,226.70) (3,743,572.98) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 ------------ ------------ Total Other Assets (2,980,226.70) (3,743,572.98) ------------ ------------ Total Assets (2,980,226.70) (1,382,159.51) ============ =============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:40 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=52 (AHC - HONOLULU OFFICE)

YTD-Actual YTD-Actual 31-Mar-02 22-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 1,000.00 1,000.00 Add'l Paid In Capital 0.00 0.00 Current Net Income (Loss) (1,444,219.43) (1,383,800.96) Retained Earnings (1,537,007.27) 641.45 ------------ ------------ Total Owner's Equity (2,980,226.70) (1,382,159.51) ------------ ------------ Total Liabilities & Equity (2,980,226.70) (1,382,159.51) ============ ============

American Hawaii Properties Corporation 01-10976 (JCA) ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (2,484,165.74) -- -- (2,484,165.74) AMCV Cruise Operations, Inc. 01-10967 (5,190,295.02) -- 45.00 (5,190,340.02) The Delta Queen Steamboat Co. 01-10970 (43,550.29) -- -- (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 56,709.53 154,744.70 34,258.86 177,195.37 Great Hawaiian Properties Corporation 01-10971 62,430.01 -- -- 62,430.01 Great Independence Ship Co. 01-10969 (542,250.76) -- -- (542,250.76) CAT II, Inc. 01-10968 (3,675.11) -- -- (3,675.11) --------------------------------------------------------------- (3,100,667.54) 154,744.70 34,303.86 (2,980,226.70) ===============================================================

American Hawaii Properties Corporation 01-10976 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable American Hawaii Properties Corporation 01-10976 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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. Proceeds of the auctions have been reconciled and the resulting loss on disposition has been recorded. EX-99.20 22 g75742ex99-20.txt GREAT PACIFIC NW CRUISE LINE - MARCH 02 REPORT EXHIBIT 99.20 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report 16-Apr-02 Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 11:04 PM Great Pacific NW Cruise Line, L.L.C. Summary Case No: 01-10977 (EIK) UNAUDITED Great Pacific NW For Month Of March, 2002 Cruise Line, LLC

Balances ---------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled Great Pacific NW Cruise Line 0.00 0.00 No - No - No - Payroll Account Account Account U.S. Bank Closed Closed Closed Account # - 153390417191 Great Pacific NW Cruise Line 0.00 0.00 No - No - No - Steamer Account Account Account U.S. Bank Closed Closed Closed 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

16-Apr-02 Receipts & Disbursements Attachment 2 11:06 PM Great Pacific NW Cruise Line, L.L.C. Summary Case No: 01-10977 (EIK) Great Pacific NW For Month Of March, 2002 Cruise Line, LLC Attach 3 No Receipts Or Disbursements Due To All Accounts Closed 16-Apr-02 Concentration & Investment Account Statements Attachment 3 11:05 PM Great Pacific NW Cruise Line, L.L.C. Summary Case No: 01-10977 (EIK) Great Pacific For Month Of March, 2002 NW Cruise Line, LLC Attach 3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:51 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=24 (COLUMBIA QUEEN)

PTD-Actual 31-Mar-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 (2,801.06) Vessel Expenses 12,952.32 Layup/Drydock Expense 0.00 Vessel Insurance 32,771.17 -------------- Total Operating Expenses 42,922.43 -------------- Gross Profit (42,922.43) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 -------------- Total SG&A Expenses 0.00 -------------- EBITDA (42,922.43) Depreciation 0.00 -------------- Operating Income (42,922.43) 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) (51,935.57) Income Tax Expense 0.00 -------------- Net Income/(Loss) (51,935.57) ==============

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:42 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=24 (COLUMBIA QUEEN)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 --------------- ------------ ASSETS Cash and Equivalent 0.00 31,623.21 Restricted Cash 0.00 0.00 Accounts Receivable 2,632.21 11,425.61 Inventories 173,958.61 199,562.38 Prepaid Expenses 0.00 2,800.00 Other Current Assets 0.00 0.00 ------------------------------------ Total Current Assets 176,590.82 245,411.20 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 (10,074,113.50) (9,983,225.62) Net Deferred Financing Fees 2,496,640.50 2,545,011.02 Net Investment in Subsidiaries 0.00 0.00 ------------------------------------ Total Other Assets (7,577,473.00) (7,438,214.60) ------------------------------------ Total Assets 35,822,408.27 36,030,487.05 ====================================

AMCV US SET OF BOOKS Date: 18-APR-02 17:04:42 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=24 (COLUMBIA QUEEN)

YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 --------------- ------------ LIABILITIES Accounts Payable 235.00 180.00 Accrued Liabilities 330,022.43 331,444.68 Deposits 0.00 0.00 ------------------------------------ Total Current Liabilities 330,257.43 331,624.68 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------------------------------ Total Liabilities 330,257.43 331,624.68 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'l Paid In Capital 0.00 0.00 Current Net Income (Loss) (111,258.15) 18,578.51 Retained Earnings (2,184,905.81) (2,112,530.78) ------------------------------------ Total Owner's Equity (2,296,163.96) (2,093,952.27) ------------------------------------ Total Liabilities & Equity 35,822,408.27 36,030,487.05 ====================================

Great Pacific ATTACHMENT 6 01-10977 (JCA) NW Cruise Line, LLC Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002

BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 15,487,540.41 - - 15,487,540.41 AMCV Cruise Operations, Inc. 01-10967 (9,405,617.36) - 15,126.18 (9,420,743.54) The Delta Queen Steamboat Co. 01-10970 8,436,809.68 9,483.86 32,092.21 8,414,201.33 DQSB II, 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) ----------------------------------------------------------------------- (10,036,378.97) 9,483.86 47,218.39 (10,074,113.50) =======================================================================

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 2,632.21 2,632.21 American Express Credit Card Processor -- Discover Credit Card Processor -- Diners Credit Card Processor -- Travel Agents -- ------------------------------------------------------------------------------------ Total -- -- -- 2,632.21 2,632.21 ====================================================================================

ATTACHMENT #7 COLUMBIA QUEEN AP-STEAMER CHECKS 24-000-221300-00000 MARCH-02

OUTSTANDING CHECKS: 1566 K Tinnin (American Express) 180.00 1611 Charles Saporiti 55.00 ---------- TOTAL PER G/L: 235.00 ==========

ATTACHMENT # 8 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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. An evaluation of fuel inventory pricing has been performed and carrying values have been adjusted accordingly. 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. Deferred financing costs represent costs incurred in connection with placing prepetition 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. The Debtor has been unable to negotiate acceptable contract terms with credit card processors other than its primary processor, Paymentech. Accordingly, the DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH MONTHLY OPERATING REPORT Debtor has written off prepetition receivables which cannot be processed for collection. -----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 MARCH 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 March 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 MARCH 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 March Monthly Operating Report






16-Apr-02
7:32AM              Summary Of Bank And Investment Accounts        Attachment 1
Summary                   American Classic Voyages Co
American Classic              Case No: 01-10954 (EIK)                 UNAUDITED
Voyages Co                  For Month Of March, 2002




                                          Balances
                                      -------------------------------     Receipts &         Bank
                                           Opening          Closing       Disbursements      Statements         Account
Account                               As Of 3/01/02     As Of 3/31/02     Included           Included           Reconciled
- -------                               -------------     -------------     --------           --------           ----------

                                                                                                
AMCV Deferred Compensation                    0.00             0.00       No -               No -               No -
Bank One                                                                  Account            Account            Account
Account # - 1590101554                                                    Closed             Closed             Closed

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

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

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

AMCV Medical Benefits                     5,863.27         3,048.44       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                                                               Account            Account            Account
LaSalle Bank                                                              Closed             Closed             Closed
Account # - 2355464

American Classic Voyages Co                   0.00             0.00       No -               No -               No -
Payroll                                                                   Account            Account            Account
LaSalle Bank                                                              Closed             Closed             Closed
Account # - 2369368

American Classic Voyages Co               7,010.01             0.00       Yes                No - Not           Yes
PAC                                                                                          Concentration
LaSalle Bank                                                                                 Account
Account # - 2355882

American Classic Voyages Co           8,035,212.82     6,146,055.96       Yes                Yes                Yes
Investment Account
Credit Suisse Asset Management
Account # - 247003452

American Classic Voyages Co                   0.00             0.00       No -               No -               No -
Investment Account                                                        Account            Account            Account
Goldman Sachs & Co.                                                       Closed             Closed             Closed
Account # - 020-53613-2

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

American Classic Voyages Co                   0.00             0.00       No -               No -               No -
Investment Account                                                        Account            Account            Account
Conifer Securities                                                        Closed             Closed             Closed
Account # - 330-50683 1-8



16-Apr-02
7:33AM                      Receipts & Disbursements             Attachment 2-1
R&D - Chase                 American Classic Voyages
- - AMCV Med Ben               Case No: 01-10954 (EIK)                  UNAUDITED
                                     Chase
                             AMCV Medical Benefits
                            Account # - 002-2-426522
                            1 March 02 - 31 March 02


Opening Balance - 1 Mar 02
                                 5,863.27


Receipts


                                13,983.43     From United Healthcare (Reversal)


                               ----------
                                13,983.43     Total Receipts


Disbursements

                               (16,798.26)    To United Healthcare


                               ----------
                               (16,798.26)    Total Disbursements



Closing Balance - 31 Mar 02
                                 3,048.44




16-Apr-02
8:06AM                      Receipts & Disbursements             Attachment 2-2
R&D - LaSalle               American Classic Voyages
- - AMCV PAC                   Case No: 01-10954 (EIK)                  UNAUDITED
                                    LaSalle
                                      PAC
                              Account # - 2355882
                            1 March 02 - 31 March 02


Opening Balance - 1 Mar 02
                     7,010.01


Receipts



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


Disbursements
                    (7,010.01)      Distribution To Contributors


                    ---------
                    (7,010.01)      Total Disbursements



Closing Balance - 31 Mar 02
                         0.00





16-Apr-02                   Receipts & Disbursements             Attachment 2-3
8:08 AM                     American Classic Voyages
R&D - Credit                 Case No: 01-10954 (EIK)                  UNAUDITED
Suisse Investment                Credit Suisse
Account                        Investment Account
                             Account # - 247003452
                            1 March 02 - 31 March 02


Opening Balance - 1 Mar 02
                        8,035,212.82


Receipts
                           10,843.14     Interest Earned


                       -------------
                           10,843.14     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 Mar 02
                        6,146,055.96





AMCV US SET OF BOOKS                                   Date: 19-APR-02 08:27:24
INCOME STATEMENT - ATTACHMENT 4                        Page:   1
Current Period: MAR-02

currency USD
Company=10 (AMCV)




                                     PTD-Actual
                                      31-Mar-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             15,852.67
Sales & Marketing                           0.00
Start-Up Costs                              0.00
                                   -------------
Total SG&A Expenses                    15,852.67

                                   -------------
EBITDA                                (15,852.67)

Depreciation                           14,984.80
                                   -------------

Operating Income                      (30,837.47)

Other Expense/(Income)
Interest Income                          (436.91)
Interest Expense                       10,842.72
Equity in Earnings for Sub         (4,131,863.02)
Reorganization expenses               487,381.74
                                   -------------
Total Other Expense/(Income)        4,629,650.57
                                   -------------

Net Pretax Income/(Loss)           (4,660,488.04)

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

                                   -------------
Net Income/(Loss)                  -4,660,488.04
                                   =============






AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:02:14
BALANCE SHEET - ATTACHMENT 5                           Page:   1
Current Period: MAR-2

currency USD
Company=10 (AMCV)




                                        YTD-Actual            YTD-Actual
                                        31-Mar-02              19-Oct-01
                                      --------------         --------------

                                                       
ASSETS

Cash and Equivalent                     6,146,055.96          10,343,248.25

Restricted Cash                           499,877.32                   0.00

Marketable Securities                           0.00                 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                   10,913,357.02          14,022,502.14


Fixed Assets                            4,979,716.68           4,979,716.68

Accumulated Depreciation               (4,573,506.53)         (4,497,369.91)
                                      --------------         --------------

Net Fixed Assets                          406,210.15             482,346.77


Net Goodwill                               79,850.94              81,420.64

Intercompany Due To/From              267,462,638.19         265,726,906.60

Net Deferred Financing Fees             3,294,158.46           3,408,954.89

Net Investment in Subsidiaries         37,431,844.07          48,551,297.73

Other Non Current Assets                        0.00             109,986.54
                                      --------------         --------------

Total Other Assets                    308,268,491.66         317,878,566.40
                                      --------------         --------------
Total Assets                          319,588,058.83         332,383,415.31
                                      ==============         ==============






AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:02:14
BALANCE SHEET - ATTACHMENT 5                           Page:   2
Current Period: MAR-2

currency USD
Company=10 (AMCV)




                                              YTD-Actual             YTD-Actual
                                              31-Mar-02               19-Oct-01
                                            --------------         --------------

                                                             
LIABILITIES
Accounts Payable                                      0.00                   0.00

Accrued Liabilities                           1,672,990.86           1,089,864.63

Deposits                                              0.00                   0.00
                                            --------------         --------------

Total Current Liabilities                     1,672,990.86           1,089,864.63


Long Term Debt                                        0.00                   0.00

Other Long Term Liabilities                  (3,221,982.41)         (3,434,093.96)
                                            --------------         --------------

Total Liabilities                            (1,548,991.55)         (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'l Paid In Capital                       204,438,037.35         204,438,037.35

Current Net Income (Loss)                    (9,910,043.60)        (40,694,620.74)

Retained Earnings                           (74,020,467.00)        (29,645,295.60)
                                            --------------         --------------

Total Owner's Equity                        120,718,539.83         134,309,134.09
                                            --------------         --------------

Total Liabilities & Equity                  319,588,058.83         332,383,415.31
                                            ==============         ==============




American Classic Voyages, Co.    ATTACHMENT 6                     01-10954(JCA)
                   Summary List of Due To/Due From Accounts
                      For the Month Ended March 31, 2002


                                                          BEGINNING                                                   ENDING
AFFILIATE NAME                            CASE ID #        BALANCE             DEBITS             CREDITS            BALANCE
- --------------                            ---------       ---------            ------             -------            -------

                                                                                                  
AMCV Cruise Operations, Inc.               01-10967      78,732,843.30      1,352,211.22         572,249.31      79,512,805.21
The Delta Queen Steamboat Co.              01-10970       6,325,037.83          4,581.88           2,406.72       6,327,212.99
DQSB II, Inc.                              01-10974          22,836.06                --                 --          22,836.06
Great AQ Steamboat, L.L.C                  01-10960     (22,410,666.55)               --             485.75     (22,411,152.30)
Great Pacific NW Cruise Line, L.L.C        01-10977     (15,487,540.41)               --                 --     (15,487,540.41)
Great River Cruise Line, L.L.C             01-10963       6,707,630.20                --           4,709.58       6,702,920.62
Great Ocean Cruise Line, L.L.C             01-10959     (29,613,350.37)            76.41                 --     (29,613,273.96)
Cruise America Travel, Incorporated        01-10966         103,377.71                --                 --         103,377.71
Delta Queen Coastal Voyages, L.L.C         01-10964         934,299.38                --                 --         934,299.38
Cape Cod Light, L.L.C                      01-10962      (1,670,131.78)               --                 --      (1,670,131.78)
Cape May Light, L.L.C                      01-10961        (657,659.57)               --                 --        (657,659.57)
Project America, Inc.                      N/A          (29,154,390.86)               --                 --     (29,154,390.86)
Oceanic Ship Co.                           N/A           41,557,089.74                --                 --      41,557,089.74
Project America Ship I, Inc.               N/A            1,793,166.15                --                 --       1,793,166.15
Project America Ship II, Inc.              N/A           27,241,846.63                --                 --      27,241,846.63
Ocean Development Co.                      01-10972     206,379,952.56                --                 --     206,379,952.56
Great Hawaiian Cruise Line, Inc.           01-10975       3,599,725.67                --                 --       3,599,725.67
Great Hawaiian Properties Corporation      01-10971     (51,110,970.59)               --                 --     (51,110,970.59)
American Hawaii Properties Corporation     01-10976       2,484,165.74                --                 --       2,484,165.74
Great Independence Ship Co.                01-10969      24,948,942.58                --                 --      24,948,942.58
CAT II, Inc.                               01-10968      15,959,416.62                --                 --      15,959,416.62
                                                        ----------------------------------------------------------------------
                                                        266,685,620.04      1,356,869.51         579,851.36     267,462,638.19
                                                        ======================================================================






                          American Classic Voyages Co.
                                 01-10954 (EIK)


                           Accounts Receivable Aging
                              As of March 31, 2002




                                  Attachment 7


                                 Not Applicable




                          American Classic Voyages Co.
                                 01-10954 (EIK)


                            Accounts Payable Detail
                              As of March 31, 2002




                                  Attachment 8


                                 Not Applicable





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

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

                                  ATTACHMENT 9
                    NOTES TO MARCH 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.

5.       The Company's self-funded health plan was terminated as of December
         31, 2001. The Company is carrying a reserve for late claims. An
         evaluation of this reserve was conducted at the end of the first
         quarter and the results are reflected herein.

EX-99.2

                                                                   EXHIBIT 99.2

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

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report




16-Apr-02                Summary Of Bank, Investment &              Attachment 1
8:53 AM                       Petty Cash Accounts
Summary                 Great Ocean Cruise Line, L.L.C.
Great Ocean Cruise           Case No: 01-10959 (EIK)                   UNAUDITED
  Line, LLC
                            For Month Of March, 2002



                                             Balances
                                 --------------------------------       Receipts &          Bank
                                    Opening            Closing          Disbursements       Statements            Account
Account                          As Of 3/01/02      As Of 3/31/02       Included            Included              Reconciled
- -------                          -------------      -------------       -------------       --------------        ----------
                                                                                                   
Mississippi Queen Steamer          100,000.00        100,000.00         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





16-Apr-02                  Receipts & Disbursements               Attachment 2-1
8:50 AM                 Great Ocean Cruise Line, L.L.C.
R&D - Hibernia -            Case No: 01-10959 (EIK)                    UNAUDITED
   MQ Steamer                       Hibernia
                       Mississippi Queen Steamer Account
                            Account # - 812-502-719
                            1 March 02 - 31 March 02

Opening Balance - 1 Mar 02
                              100,000.00


Receipts

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


Disbursements


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


Closing Balance - 31 Mar 02
                              100,000.00




16-Apr-02        Concentration & Investment Account Statements      Attachment 3
8:54 AM                 Great Ocean Cruise Line, L.L.C.
Summary                     Case No: 01-10959 (EIK)
Great Ocean               For Month Of March, 2002
  Cruise Line, LLC
Attach 3


         No Statements Due To No Concentration Or Investment Accounts




AMCV US SET OF BOOKS                              Date: 19-APR-02 08:27:24
INCOME STATEMENT - ATTACHMENT 4                   Page: 1
Current Period: MAR-02

currency USD
Company=21 (MISSISSIPPI QUEEN)



                                                         PTD-Actual
                                                         31-Mar-02
                                                        -----------
                                                     
Revenue
Gross Revenue                                             (2,456.42)
Allowances                                               (48,711.19)
                                                        -----------
Net Revenue                                              (51,167.61)

Operating Expenses
Air                                                            0.00
Hotel                                                          0.00
Commissions                                                    0.00
Onboard Expenses                                             146.81
Passenger Expenses                                          (678.57)
Vessel Expenses                                           36,370.37
Layup/Drydock Expense                                          0.00
Vessel Insurance                                          72,068.14
                                                        -----------
Total Operating Expenses                                 107,906.75

                                                        -----------
Gross Profit                                            (159,074.36)

SG&A Expenses
Sales & Marketing                                              0.00
Start-Up Costs                                             1,451.50
                                                        -----------
Total SG&A Expenses                                        1,451.50

                                                        -----------
EBITDA                                                  (160,525.86)

Depreciation                                                   0.00

                                                        -----------
Operating Income                                        (160,525.86)

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)                                (160,525.86)

Income Tax Expense                                             0.00

                                                        -----------
Net Income/(Loss)                                       (160,525.86)
                                                        ===========






AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:03:50
BALANCE SHEET - ATTACHMENT 5                            Page: 1
Current Period: MAR-2

currency USD
Company=21 (MISSISSIPPI QUEEN)



                                                 YTD-Actual                YTD-Actual
                                                  31-Mar-02                 22-Oct-01
                                               --------------            --------------
                                                                   
ASSETS

Cash and Equivalent                                100,000.00                 91,427.94

Restricted Cash                                          0.00                      0.00

Accounts Receivable                                 27,274.85                 61,448.42

Inventories                                        301,281.55                387,173.50

Prepaid Expenses                                         0.00                  9,438.70

Other Current Assets                                     0.00                (14,555.00)

                                               --------------            --------------
Total Current Assets                               428,556.40                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                        21,706,040.13             19,836,574.32

Net Deferred Financing Fees                              0.00                      0.00

Net Investment in Subsidiaries                           0.00                      0.00

                                               --------------            --------------
Total Other Assets                              21,706,040.13             19,836,574.32

                                               --------------            --------------
Total Assets                                    31,670,332.50             29,907,243.85
                                               ==============            ==============





AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:03:50
BALANCE SHEET - ATTACHMENT 5                            Page: 2
Current Period: MAR-2

currency USD
Company=21 (MISSISSIPPI QUEEN)


                                                 YTD-Actual                YTD-Actual
                                                  31-Mar-02                 22-Oct-01
                                               --------------            --------------
                                                                   
LIABILITIES

Accounts Payable                                     1,826.90                  9,423.11

Accrued Liabilities                              1,209,204.06                935,232.90

Deposits                                         2,623,097.77                      0.00

                                               --------------             -------------
Total Current Liabilities                        3,834,128.73                944,656.01


Long Term Debt                                           0.00                      0.00

Other Long Term Liabilities                              0.00                      0.00

                                               --------------             -------------
Total Liabilities                                3,834,128.73                944,656.01


OTHER

Liabilities Subject to Compromise                2,667,587.11              2,827,647.41

                                               --------------             -------------
Total Other                                      2,667,587.11              2,827,647.41

OWNER'S EQUITY

Common Stock                                             0.00                      0.00

Add'l Paid In Capital                            4,571,000.00              4,571,000.00

Current Net Income (Loss)                         (608,526.06)              (984,131.23)

Retained Earnings                               21,206,142.72             22,548,071.66

                                               --------------             -------------
Total Owner's Equity                            25,168,616.66             26,134,940.43

                                               --------------             -------------
Total Liabilities & Equity                      31,670,332.50             29,907,243.85
                                               ==============             =============





GREAT OCEAN CRUISE               ATTACHMENT 6                     01-10959 (JCA)
   LINE, L.L.C.     Summary List of Due To/Due From Accounts
                       For the Month Ended March 31, 2002



                                                                 BEGINNING                                               ENDING
AFFILIATE NAME                               CASE ID #            BALANCE             DEBITS        CREDITS             BALANCE
- --------------                               ---------        --------------      ------------    -----------      ---------------
                                                                                                    
American Classic Voyages Co.                 01-10954          29,613,350.37                --          76.41        29,613,273.96
AMCV Cruise Operations, Inc.                 01-10967         (21,419,111.30)               --      35,273.10       (21,454,384.40)
The Delta Queen Steamboat Co.                01-10970          14,935,686.13      1,693,478.13     170,017.90        16,459,146.36
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              49,604.28                --      82,682.65           (33,078.37)
Cruise America Travel, Incorporated          01-10966          (2,953,907.27)               --             --        (2,953,907.27)
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)
                                                          ------------------------------------------------------------------------
                                                               20,300,612.06      1,693,478.13     288,050.06        21,706,040.13
                                                          ========================================================================





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                                                                       27,274.85        27,274.85
American Express Credit Card Processor                                                                                         --
Discover Credit Card Processor                                                                                                 --
Diners Credit Card Processor                                                                                                   --
Travel Agents                                                                                                                  --
                                                  --------------------------------------------------------------------------------
Total                                                       0                0                0        27,274.85        27,274.85
                                                  ================================================================================


                                                                 ATTACHMENT # 7




                               MISSISSIPPI QUEEN
                               AP-STEAMER CHECKS

                              21-000-221300-00000

                                    MARCH-02

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
                  17248 A. Sisson-J. Sisson                    100.00

                  Total per G/L:                              1826.90
                                                              =======


                                                                 ATTACHMENT # 8




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

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

                                  ATTACHMENT 9
                    NOTES TO MARCH 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 been performed internally for food and
         beverage. An evaluation of fuel inventory pricing has been performed
         and carrying values have been adjusted accordingly. 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 ceased recording
         lay-up accruals as it is currently in lay-up and is scheduled to be
         sold shortly thereafter.

3.       The Debtor has been unable to negotiate acceptable contract terms with
         credit card processors other than its primary processor, Paymentech.
         Accordingly, the Debtor has written off prepetition receivables that
         cannot be processed for collection.

EX-99.3

                                                                   EXHIBIT 99.3

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

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 AQ STEAMBOAT, L.L.C.                CASE NUMBER:  01-10960 (EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March Monthly Operating Report







16-Apr-02                 Summary Of Bank, Investment              Attachment 1
9:06AM                       & Petty Cash Accounts
Summary                    Great AQ Steamboat, L.L.C.
Great AQ                     Case No: 01-10960 (EIK)                  UNAUDITED
Steamboat, LLC              For Month Of March, 2002




                                   Balances
                               ------------------------------            Receipts &         Bank
                                  Opening          Closing               Disbursements      Statements          Account
Account                        As Of 3/01/02    As Of 3/31/02            Included           Included            Reconciled
- -------                        -------------    -------------            -------------      -------------       ----------
                                                                                                 
American Queen Steamer           10,000.00       100,000.00              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





16-Apr-02
9:07AM                      Receipts & Disbursements            Attachement 2-1
R&D - Hibernia             Great AQ Steamboat, L.L.C.
- - AQ Steamer                 Case No: 01-10960 (EIK)                  UNAUDITED
                                    Hibernia
                         American Queen Steamer Account
                            Account # - 812-395-343
                            1 March 02 - 31 March 02


Opening Balance - 1 Mar 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



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


Closing Balance - 31 Mar 02
                              100,000.00




16-Apr-02
9:08AM            Concentration & Investment Account Statements    Attachment 3
Summary                    Great AQ Steamboat, L.L.C.
Great AQ                     Case No: 01-10960 (EIK)
Steamboat, LLC              For Month Of March, 2002
Attach 3


          No Statements Due To No Concentration Or Investment Accounts





AMCV US SET OF BOOKS                                   Date: 19-APR-02 08:27:28
INCOME STATEMENT - ATTACHMENT 4                        Page:   1
Current Period: MAR-02

currency USD
Company=23 (AMERICAN QUEEN)




                                        PTD-Actual
                                         31-Mar-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                         (5,152.00)
Passenger Expenses                       (9,619.21)
Vessel Expenses                          54,803.40
Layup/Drydock Expense                         0.00
Vessel Insurance                         68,988.41
                                        ----------
Total Operating Expenses                109,020.60

                                        ----------
Gross Profit                            (109,020.60)

SG&A Expenses
Sales & Marketing                             0.00
Start-Up Costs                                0.00
                                        ----------
Total SG&A Expenses                           0.00

                                        ----------
EBITDA                                  (109,020.60)

Depreciation                                  0.00

                                        ----------
Operating Income                        (109,020.60)

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)                (130,317.30)

Income Tax Expense                            0.00

                                        ----------
Net Income/(Loss)                       (130,317.30)
                                        ==========






AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:03:57
BALANCE SHEET - ATTACHMENT 5                           Page:   1
Current Period: MAR-2

currency USD
Company=23 (AMERICAN QUEEN)




                                           YTD-Actual                YTD-Actual
                                            31-Mar-02                 22-Oct-01
                                          -------------             -------------

                                                              
ASSETS

Cash and Equivalent                          100,000.00                 27,915.55

Restricted Cash                                    0.00                      0.00

Accounts Receivable                           18,533.71                100,111.04

Inventories                                  376,419.95                436,746.94

Prepaid Expenses                                   0.00                  1,126.00

Other Current Assets                          89,641.06                189,129.97
                                          -------------             -------------

Total Current Assets                         584,594.72                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                  11,638,521.24             11,900,053.46

Net Deferred Financing Fees                  547,992.28                561,110.86

Net Investment in Subsidiaries                     0.00                      0.00

                                                                    -------------
Total Other Assets                        12,186,513.52             12,461,164.32
                                          -------------             -------------

Total Assets                              65,517,372.30             65,962,457.88
                                          =============             =============






AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:03:57
BALANCE SHEET - ATTACHMENT 5                           Page:   2
Current Period: MAR-2

currency USD
Company=23 (AMERICAN QUEEN)




                                               YTD-Actual               YTD-Actual
                                               31-Mar-02                19-Oct-01
                                             -------------             -------------

                                                                 
LIABILITIES

Accounts Payable                                  1,774.58                  5,469.58

Accrued Liabilities                             731,294.50                754,127.79

Deposits                                              0.00                     25.00
                                             -------------             -------------

Total Current Liabilities                       733,069.08                759,622.37


Long Term Debt                                        0.00                      0.00

Other Long Term Liabilities                           0.00                      0.00
                                             -------------             -------------

Total Liabilities                               733,069.08                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'l Paid In Capital                         4,060,000.00              4,060,000.00

Current Net Income (Loss)                      (234,094.09)              (493,470.71)

Retained Earnings                            12,374,651.30             13,052,190.51

                                                                       -------------
Total Owner's Equity                         16,201,557.21             16,619,719.80
                                             -------------             -------------

Total Liabilities & Equity                   65,517,372.30             65,962,457.88
                                             =============             =============








                                                          BEGINNING                                              ENDING
AFFILIATE NAME                             CASE ID #       BALANCE            DEBITS           CREDITS          BALANCE

                                                                                                
American Classic Voyages Co.               01-10954     22,410,666.55          485.75                --     22,411,152.30
AMCV Cruise Operations, Inc.               01-10967     (22,771,729.84)            --         60,947.23     (22,832,677.07)
The Delta Queen Steamboat Co.              01-10970     17,101,370.49       39,922.57        150,351.23     16,990,941.83
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       (167,391.63)             --                --       (167,391.63)
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 Hawaii Properties Corporation     01-10976         (1,496.24)             --                --         (1,496.24)
Great Independence Ship Co.                01-10969         (4,881.60)             --                --         (4,881.60)
                                                        -----------------------------------------------------------------
                                                        11,809,411.38       40,408.32        211,298.46     11,638,521.24
                                                        =================================================================






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


ACCOUNTS RECEIVABLE RECONCILIATION AND AGING




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

                                                                                          
Paymentech Credit Card Processor                                                           18,398.71     18,398.71
American Express Credit Card Processor                                                                          --
Discover Credit Card Processor                                                                                  --
Diners Credit Card Processor                                                                                    --
Travel Agents                                                                                                   --
Crew Member                                                       135.00                                    135.00

                                                -----------------------------------------------------------------------
Total                                                  --         135.00             --    18,398.71     18,533.71
                                                =======================================================================



                                                                 ATTACHMENT # 7





                                 AMERICAN QUEEN
                               AP-STEAMER CHECKS
                              23-000-221300-00000

                                    MARCH-02



OUTSTANDING CHECKS:
                                                            
         17707 Tashanda Morreno-Amber Hensley                    60.00
         17732 Peter Levaneur-Sally Ralicki                     100.00
         17768 Bryant Johnson-Kenshell Lang                      80.00
         17779 Mark King-Rosa Trumble                           170.00
         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
         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:                                        1774.58
                                                               =======



                                                                 ATTACHMENT # 8





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

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

                                  ATTACHMENT 9
                    NOTES TO MARCH 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. An evaluation of fuel inventory pricing has been performed
         and carrying values have been adjusted accordingly. 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.       The Debtor has been unable to negotiate acceptable contract terms with
         credit card processors other than its primary processor, Paymentech.
         Accordingly, the Debtor has written off prepetition receivables that
         cannot be processed for collection.

EX-99.4

                                                                    EXHIBIT 99.4


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

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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:  CAPE MAY LIGHT, L.L.C.                    CASE NUMBER:  01-10961 (EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March Monthly Operating Report







16-Apr-02                  Summary Of Bank,Investment              Attachment 1
9:33 AM                      & Petty Cash Accounts
Summary                      Cape May Light, L.L.C.
Cape May Light, LLC          Case No: 01-10961 (EIK)                  UNAUDITED
                            For Month Of March, 2002




                                                 Balances
                                     -----------------------------         Receipts &               Bank
                                        Opening          Closing           Disbursements            Statements          Account
Account                              As Of 3/01/02    As Of 3/31/02        Included                 Included            Reconciled
- -------                              -------------    -------------        --------                 --------            ----------

                                                                                                         
American Classic Voyages Co.                0.00             0.00          No -                     No -                No -
Bank of America                                                            Account                  Account             Account
Account # - 0030 6982 7205                                                 Closed                   Closed              Closed

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 -                No -
Bank of America                                                            Account                  Account             Account
Account # - 0041 6103 2379                                                 Closed                   Closed              Closed

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






16-Apr-02                   Receipts & Disbursements               Attachment 2
9:33 AM                      Cape May Light, L.L.C.
Summary                      Case No: 01-10961 (EIK)
Cape May Light, LLC          For Month Of March, 2002
Attach 2


  No Receipts Or Disbursements Due To No Bank Activity Or Investment Accounts





16-Apr-02                  Concentration & Investment              Attachment 3
9:34 AM                         Account Statements
Summary                      Cape May Light, L.L.C.
Cape May                     Case No: 01-10961 (EIK)
Light, LLC                   For Month Of March, 2002
Attach 3


          No Statements Due To No Concentration Or Investment Accounts





AMCV US SET OF BOOKS                                   Date: 19-APR-02 08:27:28
INCOME STATEMENT - ATTACHMENT 4                        Page:   1
Current Period: MAR-02

currency USD
Company=31 (CAPE MAY LIGHT)




                                        PTD-Actual
                                         31-Mar-02
                                        ----------

                                     
Revenue
Gross Revenue                                79.28
Allowances                                    0.00
                                        ----------
Net Revenue                                  79.28

Operating Expenses
Air                                           0.00
Hotel                                         0.00
Commissions                                   0.00
Onboard Expenses                         64,463.83
Passenger Expenses                       (6,063.60)
Vessel Expenses                          18,031.70
Layup/Drydock Expense                         0.00
Vessel Insurance                         44,172.17
                                        ----------
Total Operating Expenses                120,604.10
                                        ----------

Gross Profit                            (120,524.82)

SG&A Expenses
Sales & Marketing                             0.00
Start-Up Costs                                0.00
                                        ----------
Total SG&A Expenses                           0.00
                                        ----------

EBITDA                                  (120,524.82)

Depreciation                                  0.00
                                        ----------

Operating Income                        (120,524.82)

Other Expense/(Income)
Interest Income                               0.00
Interest Expense                          8,724.01
Equity in Earnings for Sub                    0.00
Reorganization expenses                       0.00
                                        ----------
Total Other Expense/(Income)              8,724.01
                                        ----------

Net Pretax Income/(Loss)                (129,248.83)

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

Net Income/(Loss)                       (129,248.83)
                                        ==========






AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:04:03
BALANCE SHEET - ATTACHMENT 5                           Page:   1
Current Period: MAR-2

currency USD
Company=31 (CAPE MAY LIGHT)




                                            YTD-Actual               YTD-Actual
                                            31-Mar-02                 22-Oct-01
                                          -------------             -------------

                                                              
ASSETS

Cash and Equivalent                                0.00                 29,003.54

Restricted Cash                              785,839.00                785,839.00

Accounts Receivable                            6,235.46                 15,651.15

Inventories                                  720,354.12                750,424.74

Prepaid Expenses                               4,880.00                 71,343.83

Other Current Assets                               0.00                      0.00
                                          -------------             -------------

Total Current Assets                       1,517,308.58              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                  (12,441,214.45)           (12,278,102.19)

Net Deferred Financing Fees                2,512,514.97              2,559,333.82

Net Investment in Subsidiaries                     0.00                      0.00
                                          -------------             -------------

Total Other Assets                        (9,928,699.48)            (9,718,768.37)
                                          -------------             -------------

Total Assets                              33,071,122.82             33,416,007.61
                                          =============             =============






AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:04:03
BALANCE SHEET - ATTACHMENT 5                           Page:   2
Current Period: MAR-2

currency USD
Company=31 (CAPE MAY LIGHT)




                                                 YTD-Actual                YTD-Actual
                                                  31-Mar-02                22-Oct-01
                                                -------------             -------------

                                                                    
LIABILITIES

Accounts Payable                                       324.10                 18,286.96

Accrued Liabilities                                449,394.78                454,710.16

Deposits                                                 0.00                      0.00
                                                -------------             -------------

Total Current Liabilities                          449,718.88                472,997.12


Long Term Debt                                           0.00                      0.00

Other Long Term Liabilities                              0.00                      0.00
                                                -------------             -------------

Total Liabilities                                  449,718.88                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'l Paid In Capital                                    0.00                      0.00

Current Net Income (Loss)                         (216,269.89)            (2,857,115.19)

Retained Earnings                               (7,090,080.98)            (4,137,454.89)

Total Owner's Equity                            (7,306,350.87)            (6,994,570.08)
                                                -------------             -------------

Total Liabilities & Equity                      33,071,122.82             33,416,007.61
                                                =============             =============




Cape May Light, LLC                ATTACHMENT 6                   01-10961 (JCA)
                     Summary List of Due to/Due From Accounts
                        For the Month Ended March 31, 2002



                                                         BEGINNING                                             ENDING
AFFILIATE NAME                            CASE ID #       BALANCE           DEBITS           CREDITS           BALANCE
                                                                                            
American Classic Voyages Co.              01-10954        657,659.57             --                --         657,659.57
AMCV Cruise Operations, Inc.              01-10967     (8,015,892.93)      1,600.00         38,904.30      (8,053,197.23)
The Delta Queen Steamboat Co.             01-10970      8,466,448.11             --         35,329.58       8,431,118.53
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        (33,543.95)            --                --         (33,543.95)
Great Ocean Cruise Line, L.L.C            01-10959         (1,844.01)            --                --          (1,844.01)
Cruise America Travel, Incorporated       01-10966     (1,054,561.24)            --                --      (1,054,561.24)
Delta Queen Coastal Voyages, L.L.C        01-10964        200,617.38      15,558.57                --         216,175.95
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)           --                --      (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
                                                       -----------------------------------------------------------------
                                                       (12,384,139.14)    17,158.57         74,233.88      (12,441,214.45)
                                                       =================================================================






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


ACCOUNTS RECEIVABLE RECONCILIATION AND AGING




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

                                                                                         e
Paymentech Credit Card Processor                                                           6,235.46     6,235.46
American Express Credit Card Processor                                                                        --
Discover Credit Card Processor                                                                                --
Diners Credit Card Processor                                                                                  --
Travel Agents                                                                                                 --

                                                 ---------------------------------------------------------------
Total                                                   --            --            --     6,235.46     6,235.46
                                                 ===============================================================



                                                                 ATTACHMENT # 7





                                 CAPE MAY LIGHT
                               AP-STEAMER CHECKS

                              31-000-221300-00000

                                    MARCH-02



OUTSTANDING CHECKS:
                                                        
         1091 Multi-Marques                                 50.00
         1162 K. McKnight-McRae's                          100.00
         1166 K. McKnight-Gordon's                         100.00
         1192 Donald Vivier-Capitol One                     40.00
         1195 Donald Vivier-Retailer Nat. Bank              20.00
         1200 Joycelyn Owens-grats paid out                 14.10
                                                           ------
         Total per G/L:                                    324.10
                                                           ======



                                                                 ATTACHMENT # 8





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

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

                                  ATTACHMENT 9
                    NOTES TO MARCH 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. An evaluation of fuel inventory pricing has been performed
         and carrying values have been adjusted accordingly. 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.       The Debtor has been unable to negotiate acceptable contract terms with
         credit card processors other than its primary processor, Paymentech.
         Accordingly, the Debtor has written off prepetition receivables that
         cannot be processed for collection.

6.       Prepaid expenses that have expired have been written-off.

EX-99.5

                                                                    Exhibit 99.5


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

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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:  CAPE COD LIGHT, L.L.C.                    CASE NUMBER:  01-10962 (EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March Monthly Operating Report



16-Apr-02                             Summary Of Bank And Investment Accounts                        Attachment 1
 9:35 AM                                      Cape Cod Light, L.L.C.
Summary                                      Case No: 01-10962 (EIK)                                 UNAUDITED
Cape Cod Light, LLC                          For Month Of March, 2002
                                             ------------------------

                                             Balances
                                 -----------------------------    Receipts &       Bank
                                     Opening        Closing       Disbursements    Statements        Account
Account                          As Of 3/01/02   As Of 3/31/02    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
                                                                  Administration   Adminstration -
                                                                                   No Statements

Cape Cod Light Security                   0.00     450,145.87     Yes              Yes               Yes
Hibernia Investments, LLC
Account # - 4R6-771783


                                                                                   
16-Apr-02                                    Receipts & Disbursements                    Attachment 2-1
 6:47 PM                                     Cape Cod Light, LLC
R&D - Hibernia Investments - CCL Security    Case No: 01-10962 (EIK)                     UNAUDITED
                                             Hibernia Investments, LLC
                                             Cape Cod Light Security Account
                                              Account # - 4R6-771783
                                             1 March 02 - 31 March 02
                                             ------------------------






Opening Balance - 1 Mar 02
                                               
                                        0.00


Receipts

                                  450,000.00         From The Delta Queen Steamboat Company -
                                                       Hibernia - DQ Master Cash Account (812-395-335)
                                      145.87         Interest Income

                                  ----------
                                  450,145.87         Total Receipts


Disbursements





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



Closing Balance - 31 Mar 02
                                  450,145.87


AMCV US SET OF BOOKS                                    Date: 19-APR-02 08:27:31
INCOME STATEMENT - ATTACHMENT 4                         Page:  1
Current Period: MAR-02

currency USD
Company=32 (CAPE COD LIGHT)



                                                         PTD-Actual
                                                         31-Mar-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                                        32,232.74
                                                       ----------
Total Operating Expenses                                32,232.74

                                                       ----------
Gross Profit                                           (32,232.74)

SG&A Expenses
Sales & Marketing                                            0.00
Start-Up Costs                                             990.00
Total SG&A Expenses                                        990.00

                                                       ----------
EBITDA                                                 (33,222.74)

Depreciation                                                 0.00

                                                       ----------
Operating Income                                       (33,222.74)

Other Expense/(Income)
Interest Income                                           (145.87)
Interest Expense                                         8,616.94
Equity in Earnings for Sub                                   0.00
Reorganization expenses                                      0.00
                                                       ----------
Total Other Expense/(Income)                             8,471.07

                                                       ----------
Net Pretax Income/(Loss)                               (41,693.81)

Income Tax Expense                                           0.00

                                                       ----------
Net Income/(Loss)                                      (41,693.81)
                                                       ==========


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:09
BALANCE SHEET - ATTACHMENT 5                            Page:   1
Current Period: MAR-2

currency USD
Company=32 (CAPE COD LIGHT)



                                             YTD-Actual           YTD-Actual
                                             31-Mar-02            22-Oct-01
                                           -------------        -------------
                                                         
ASSETS

Cash and Equivalent                                 0.00                 0.00

Restricted Cash                             8,158,728.00         8,158,728.00

Marketable Securities                         450,145.87                 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                        8,896,337.56         8,451,233.69


Fixed Assets                               35,976,588.77        35,993,283.77

Accumulated Depreciation                            0.00                 0.00

                                           -------------        -------------
Net Fixed Assets                           35,976,588.77        35,993,283.77


Net Goodwill                                        0.00                 0.00

Intercompany Due To/From                  (13,793,763.72)      (13,322,516.26)

Net Deferred Financing Fees                 2,585,083.32         2,630,465.87

Net Investment in Subsidiaries                      0.00                 0.00

                                           -------------        -------------
Total Other Assets                        (11,208,680.40)      (10,692,050.39)

                                           -------------        -------------
Total Assets                               33,664,245.93        33,752,467.07
                                           =============        =============


AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:04:09
BALANCE SHEET - ATTACHMENT 5                           Page:   2
Current Period: MAR-2

currency USD
Company=32 (CAPE COD LIGHT)



                                             YTD-Actual          YTD-Actual
                                             31-Mar-02            22-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'l Paid In Capital                               0.00                 0.00

Current Net Income (Loss)                     (60,907.69)       (4,661,527.14)

Retained Earnings                          (6,391,522.38)       (1,702,681.79)

                                           -------------        -------------
Total Owner's Equity                       (6,452,430.07)       (6,364,208.93)

                                           -------------        -------------
Total Liabilities & Equity                 33,664,245.93        33,752,467.07
                                           =============        =============


Cape Cod Light, LLC                ATTACHMENT 6                    01-10962(JCA)

                    Summary List of Due To/Due From Accounts
                       For the Month Ended March 31, 2002



                                                                 BEGINNING                                        ENDING
AFFILIATE NAME                              CASE ID #             BALANCE           DEBITS      CREDITS           BALANCE
                                                                                              
American Classic Voyages Co.                01-10954           1,670,131.78           --              --       1,670,131.78
AMCV Cruise Operations, Inc.                01-10967          (3,949,193.20)          --          990.00      (3,950,183.20)
The Delta Queen Steamboat Co.               01-10970           1,436,292.11           --       32,232.74       1,404,059.37
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           --      450,000.00        (448,697.81)
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         (13,058,475.55)          --              --     (13,058,475.55)
American Hawaii Properties Corporation      01-10976             (31,777.30)          --              --         (31,777.30)
Great Independence Ship Co.                 01-10969              32,099.49           --              --          32,099.49
                                                             --------------         ----      ----------     --------------
                                                             (13,310,540.98)          --      483,222.74     (13,793,763.72)
                                                             ==============         ====      ==========     ==============


                             Cape Cod Light, L.L.C.
                                 01-10962 (EIK)




                            Accounts Receivable Aging
                              As of March 31, 2002







                                  Attachment 7


                                 Not Applicable

                             Cape Cod Light, L.L.C.
                                 01-10962 (EIK)




                             Accounts Payable Detail
                              As of March 31, 2002







                                  Attachment 8


                                 Not Applicable

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


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

                                  ATTACHMENT 9
                     NOTES TO MARCH 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 (JCA)


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

                                  ATTACHMENT 9
                     NOTES TO MARCH 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.

EX-99.6

                                                                    EXHIBIT 99.6



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

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 River Cruise Line, L.L.C.           Case Number: 01-10963 (EIK)


                            Monthly Operating Report
                              As of March 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 March Monthly Operating Report

 16-Apr-02                                                          Attachment 1
 8:50 AM
Summary                                                                UNAUDITED
Great River Cruise Line, LLC

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




                                      Balances
                           ------------------------------    Receipts &       Bank
                              Opening         Closing        Disbursements    Statements       Account
Account                    As Of 3/01/02    As Of 3/31/02    Included         Included         Reconciled
- -------                    -------------    -------------    --------         --------         ----------
                                                                                
Delta Queen Steamer            71,446.22       112,717.03    Yes              No - Not         Yes
Hibernia                                                                      Concentration
Account # - 812-395-270                                                       Account

Delta Queen                         0.00             0.00    No -             Not A Bank       Yes
Petty Cash                                                   No Activity      Account


 16-Apr-02                                                        Attachment 2-1
 10:15 AM
R&D - Hibernia - DQ Steamer                                            UNAUDITED

                            Receipts & Disbursements
                         Great River Cruise Line, L.L.C.
                             Case No: 01-10963 (EIK)
                                    Hibernia
                               Delta Queen Steamer
                             Account # - 812-395-270
                            1 March 02 - 31 March 02


                                    
Opening Balance - 1 Mar 02
                           71,446.42

Receipts
                          170,000.00      From The Delta Queen Steam Boat Co. -
                                          Hibernia - DQSC Master Cash -
                                          Account (812-395-335)


                         -----------
                          170,000.00      Total Receipts


Disbursements

                           (1,799.50)     Consulting
                           (3,969.00)     Employee Payment
                             (494.10)     IT Support
                             (268.30)     Office Services
                             (828.20)     Office Supplies
                           (3,474.95)     Passenger Services Material
                             (996.74)     Petty Cash
                          (82,384.77)     Sales & Marketing
                             (100.00)     Shipping
                           (4,668.88)     Temporary Help
                          (26,077.45)     Vessel Material
                           (3,667.50)     Vessel Services
                         -----------
                         (128,729.39)     Total Disbursements



Closing Balance - 31 Mar 02
                          112,717.03



 16-Apr-02                                                          Attachment 3
 8:51 AM
Summary
Great River Cruise Line, LLC
Attach 3

                  Concentration & Investment Account Statements
                         Great River Cruise Line, L.L.C.
                             Case No: 01-10963 (EIK)
                            For Month Of March, 2002


          No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS                Date: 19-APR-02 08:27:32
INCOME STATEMENT - ATTACHMENT 4     Page: 1
Current Period: MAR-02

currency USD
Company=22 (DELTA QUEEN)


                                     PTD-Actual
                                      31-Mar-02
                                    ------------
                                 
Revenue
Gross Revenue                          (4,406.00)
Allowances                             (8,350.02)
                                    ------------
Net Revenue                           (12,756.02)

Operating Expenses
Air                                         0.00
Hotel                                       0.00
Commissions                                 0.00
Onboard Expenses                          136.21
Passenger Expenses                     26,805.39
Vessel Expenses                        23,479.94
Layup/Drydock Expense                  69,833.00
Vessel Insurance                       57,677.66
                                    ------------
Total Operating Expenses              177,932.20

                                    ------------
Gross Profit                         (190,688.22)

SG&A Expenses
Sales & Marketing                           0.00
Start-Up Costs                              0.00
                                    ------------
Total SG&A Expenses                         0.00

                                    ------------
EBITDA                               (190,688.22)

Depreciation                                0.00

                                    ------------
Operating Income                     (190,688.22)

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)             (190,688.22)

Income Tax Expense                          0.00

                                    ------------
Net Income/(Loss)                    (190,688.22)
                                    ============


AMCV US SET OF BOOKS                Date: 18-APR-02 17:04:11
BALANCE SHEET - ATTACHMENT 5        Page: 1
Current Period: MAR-2

currency USD
Company=22 (DELTA QUEEN)


                                   YTD-Actual         YTD-Actual
                                    31-Mar-02          22-Oct-01
                                 ---------------    ---------------
                                              
ASSETS

Cash and Equivalent                    49,722.98          64,522.98

Restricted Cash                             0.00               0.00

Accounts Receivable                    68,637.17          33,451.42

Inventories                           169,987.44         270,331.59

Prepaid Expenses                            0.00          37,922.40

Other Current Assets                        0.00          14,555.00
                                 ---------------    ---------------
Total Current Assets                  288,347.59         420,783.39

Fixed Assets                       27,296,694.44      27,296,694.44

Accumulated Depreciation          (15,431,916.01)    (15,065,339.51)

                                 ---------------    ---------------
Net Fixed Assets                   11,864,778.43      12,231,354.93


Net Goodwill                                0.00               0.00

Intercompany Due To/From          (10,535,875.05)     (9,202,583.95)

Net Deferred Financing Fees                 0.00               0.00

Net Investment in Subsidiaries              0.00               0.00

                                 ---------------    ---------------
Total Other Assets                (10,535,875.05)     (9,202,583.95)

                                 ---------------    ---------------
Total Assets                        1,617,250.97       3,449,554.37
                                 ===============    ===============


AMCV US SET OF BOOKS                Date: 18-APR-02 17:04:11
BALANCE SHEET - ATTACHMENT 5        Page: 2
Current Period: MAR-2

currency USD
Company=22 (DELTA QUEEN)


                                      YTD-Actual        YTD-Actual
                                       31-Mar-02         22-Oct-01
                                    --------------    --------------
                                                
LIABILITIES

Accounts Payable                            689.27          5,758.93

Accrued Liabilities                   1,032,201.39        715,443.75

Deposits                                355,300.71      2,045,629.83

                                    --------------    --------------
Total Current Liabilities             1,388,191.37      2,766,832.51


Long Term Debt                                0.00              0.00

Other Long Term Liabilities                   0.00              0.00

                                    --------------    --------------
Total Liabilities                     1,388,191.37      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'l Paid In Capital                 3,701,000.00      3,701,000.00

Current Net Income (Loss)              (926,692.90)    (2,206,220.03)

Retained Earnings                    (3,085,978.45)    (1,302,428.55)

                                    --------------    --------------
Total Owner's Equity                   (311,671.35)       192,351.42

                                    --------------    --------------
Total Liabilities & Equity            1,617,250.97      3,449,554.37
                                    ==============    ==============


Great River Cruise Line, LLC                                      01-10963 (JCA)

                                  ATTACHMENT 6
                     Summary List of Due To/Due From Accounts
                       For the Month Ended March 31, 2002





                                                       BEGINNING                                     ENDING
AFFILIATE NAME                           CASE ID#       BALANCE         DEBITS       CREDITS         BALANCE
                                                                                 
American Classic Voyages Co.             01-10954    (6,707,630.20)     4,709.58        --       (6,702,920.62)
AMCV Cruise Operations, Inc.             01-10967    (9,491,968.54)   137,607.73    76,269.35    (9,430,630.16)
The Delta Queen Steamboat Co.            01-10970     6,833,173.43    208,919.57   237,313.06     6,804,779.94
DQSB II, Inc.                            01-10974          (367.05)        --           --             (367.05)
Great AQ Steamboat, L.L.C                01-10960       167,391.63         --           --          167,391.63
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       (49,604.28)    82,682.65        --           33,078.37
Cruise America Travel, Incorporated      01-10966    (1,419,142.24)        --           --       (1,419,142.24)
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        33,543.95         --           --           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 Hawaii Properties Corporation   01-10976         9,562.38         --           --            9,562.38
CAT II, Inc.                             01-10968         1,025.41         --           --            1,025.41
                                                    -----------------------------------------------------------
                                                    (10,656,212.17)   433,919.53   313,582.41   (10,535,875.05)
                                                    ===========================================================


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                       17,263.57    41,929.85   8,943.75   68,137.17
American Express Credit Card Processor                                                         --
Discover Credit Card Processor                                                                 --
Diners Credit Card Processor                                                                   --
Travel Agents                                                                                  --
Crew Member                                               500.00                              500.00
                                          ----------------------------------------------------------
Total                                          --      17,763.57    41,929.85   8,943.75   68,637.17
                                          ==========================================================




                                                                   ATTACHMENT #7

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

                                    MARCH-02

OUTSTANDING CHECKS:

                                                                  
            12333 M. Richardson-Walmart                                 40.00
            12335 J. Blasier-Capitol One                                20.00
            12385 J. Blasier-K. Hansen                                 150.00
            12399 Peoria Historical Society                            120.00
            12404 Anthony May-Verizon                                  200.00
            12408 Peoria Historical Society                            160.00
                                                                     --------
            Total per G/L:                                             690.00
                                                                     ========





                                  ATTACHMENT #8

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

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

                                  ATTACHMENT 9
                     NOTES TO MARCH 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 been performed internally for food and
      beverage. An evaluation of fuel inventory pricing has been performed and
      carrying values have been adjusted accordingly. 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 continued to operate its primary asset, the Delta Queen,
      through January 4, 2002. The Debtor has now ceased to record depreciation
      expense due to the wet dock status of the vessel and has not adjusted
      asset values pending the outcome of Chapter 11 proceedings. The Debtor has
      continued to record all post-petition accruals for its next scheduled
      lay-up.

3.    The Debtor has been unable to negotiate acceptable contract terms with
      credit card processors other than its primary processor, Paymentech.
      Accordingly, the Debtor has written off prepetition receivables which
      cannot be processed for collection.

EX-99.7

                                                                    Exhibit 99.7


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

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report

                                                                                                
16-Apr-02                                       Summary Of Bank And Investment Accounts               Attachment 1
2:45 PM                                           Delta Queen Coastal Voyages, L.L.C.
Summary                                                   Case No: 01-10964 (EIK)                      UNAUDITED
Delta Queen Coastal Voyages, LLC                         For Month Of March, 2002





                                                Balances
                                      ------------------------------    Receipts &       Bank
                                         Opening          Closing       Disbursements    Statements    Account
Account                               As Of 3/01/02    As Of 3/31/02    Included         Included      Reconciled
- -------                               -------------    -------------    --------         --------      ----------
                                                                                        
No Bank Or Investment Accounts             NA               NA              NA              NA             NA


                                                                          
16-Apr-02                               Receipts & Disbursements                Attachment 2
10:25 AM                             Delta Queen Coastal Voyages, L.L.C.
Summary                                  Case No: 01-10964 (EIK)
Delta Queen Coastal Voyages, LLC        For Month Of March, 2002
Attach 2



       No Receipts Or Disbursements Due To No Bank Or Investment Accounts

                                                                                       
16-Apr-02                            Concentration & Investment Account Statements           Attachment 3
10:25 AM                                 Delta Queen Coastal Voyages, L.L.C.
Summary                                         Case No: 01-10964 (EIK)
Delta Queen Coastal Voyages, LLC               For Month Of March, 2002
Attach 3



          No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS                                    Date: 19-APR-02 08:27:35
INCOME STATEMENT - ATTACHMENT 4                         Page:   1
Current Period: MAR-02

currency USD
Company=30 (DELTA QUEEN COAST VOY)



                                                                     PTD-Actual
                                                                     31-Mar-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                                               300.00
Sales & Marketing                                                          0.00
Start-Up Costs                                                             0.00
                                                                    ------------
Total SG&A Expenses                                                      300.00

                                                                    ------------
EBITDA                                                                  (300.00)

Depreciation                                                               0.00

                                                                    ------------
Operating Income                                                        (300.00)

Other Expense/(Income)
Interest Income                                                            0.00
Equity in Earnings for Sub                                          (169,233.21)
Reorganization expenses                                                    0.00
                                                                    ------------
Total Other Expense/(Income)                                         169,233.21

                                                                    ------------
Net Pretax Income/(Loss)                                            (169,533.21)

Income Tax Expense                                                         0.00
                                                                    ------------
Net Income/(Loss)                                                   (169,533.21)
                                                                    ============


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:13
BALANCE SHEET - ATTACHMENT 5                            Page: 1
Current Period: MAR-2

currency USD
Company=30 (DELTA QUEEN COAST VOY)



                                                            YTD-Actual         YTD-Actual
                                                            31-Mar-02          22-Oct-01
                                                            ---------          ---------
                                                                       
ASSETS

Cash and Equivalent                                                 0.00               0.00

Restricted Cash                                                     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                                     (411,782.06)       (411,482.06)

Net Deferred Financing Fees                                         0.00               0.00

Net Investment in Subsidiaries                            (13,621,193.13)    (12,652,491.22)

                                                          --------------     ---------------
Total Other Assets                                        (14,032,975.19)    (13,063,973.28)

                                                          --------------     ---------------
Total Assets                                              (14,032,975.19)    (13,063,973.28)
                                                          ==============     ===============


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:13
BALANCE SHEET - ATTACHMENT 5                            Page:   2
Current Period: MAR-2

currency USD
Company=30 (DELTA QUEEN COAST VOY)



                                                            YTD-Actual         YTD-Actual
                                                            31-Mar-02          22-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'l Paid In Capital                                               0.00               0.00

Current Net Income (Loss)                                    (274,705.80)     (6,703,754.04)

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

                                                          --------------     ---------------
Total Owner's Equity                                      (11,136,350.09)    (10,167,348.18)

                                                          --------------     ---------------
Total Liabilities & Equity                                (14,032,975.19)    (13,063,973.28)
                                                          ==============     ===============


                                                                           
Delta Queen Coastal Voyages, LLC                   Attachment 6                  01-10964 (JCA)
                                     Summary List of Due To/Due From Accounts
                                        For the Month Ended March 31, 2002





                                                       BEGINNING                                   ENDING
AFFILIATE NAME                          CASE ID #       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             -       300.00     191,046.38
The Delta Queen Steamboat Co.           01-10970       901,471.80     15,558.57   450,000.00     467,030.37
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)   450,000.00            -     448,697.81
Cape May Light, L.L.C.                  01-10961      (200,617.38)            -    15,558.57    (216,175.95)
                                                     -------------------------------------------------------
                                                      (411,482.06)   465,558.57   465,858.57    (411,782.06)
                                                     =======================================================


                      Delta Queen Coastal Voyages, L.L.C.
                                 01-10964 (EIK)




                           Accounts Receivable Aging
                              As of March 31, 2002







                                  Attachment 7


                                 Not Applicable

                      Delta Queen Coastal Voyages, L.L.C.
                                 01-10964 (EIK)




                            Accounts Payable Detail
                              As of March 31, 2002







                                  Attachment 8


                                 Not Applicable

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

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

                                  ATTACHMENT 9
                    NOTES TO MARCH 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
                       FOR THE MONTH ENDED MARCH 31, 2002




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 MARCH 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 March 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 MARCH 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 March Monthly Operating Report

                                                                                  
16-Apr-02                           Summary Of Bank And Investment Accounts             Attachment 1
11:21 AM                              Cruise America Travel, Incorporated
Summary                                       Case No: 01-10966 (EIK)                    UNAUDITED
Cruise America Travel, Inc.                  For Month Of March, 2002





                                      Balances
                            -----------------------------    Receipts &       Bank
                               Opening         Closing       Disbursements    Statements   Account
Account                     As Of 3/01/02   As Of 3/31/02    Included         Included     Reconciled
- -------                     -------------   -------------    --------         --------     ----------
                                                                            
No Bank Or Investment            NA               NA              NA              NA           NA
Accounts


                                                                       
16-Apr-02                             Receipts & Disbursements               Attachment 2
11:21 AM                         Cruise America Travel, Incorporated
Summary                                Case No: 01-10966 (EIK)
Cruise America Travel, Inc.           For Month Of March, 2002
Attach 2




       No Receipts Or Disbursements Due To No Bank Or Investment Accounts

                                                                            
16-Apr-02                      Concentration & Investment Account Statements      Attachment 3
11:22 AM                            Cruise America Travel, Incorporated
Summary                                   Case No: 01-10966 (EIK)
Cruise America Travel, Inc.              For Month Of March, 2002
Attach 3




          No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS                                    Date: 19-APR-02 08:27:35
INCOME STATEMENT - ATTACHMENT 4                         Page:   1
Current Period: MAR-02

currency USD
Company=29 (CAT - DQSC)



                                                                     PTD-Actual
                                                                     31-Mar-02
                                                                     -----------
                                                                  
Revenue
Gross Revenue                                                              0.00
Allowances                                                                 0.00
                                                                     -----------
Net Revenue                                                                0.00

Operating Expenses
Air                                                                    4,328.93
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                                               4,328.93

                                                                     -----------
Gross Profit                                                          (4,328.93)

SG&A Expenses
Sales & Marketing                                                          0.00
Start-Up Costs                                                             0.00
                                                                     -----------
Total SG&A Expenses                                                        0.00

                                                                     -----------
EBITDA                                                                (4,328.93)

Depreciation                                                               0.00

                                                                     -----------
Operating Income                                                      (4,328.93)

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)                                              (4,328.93)

Income Tax Expense                                                         0.00

                                                                     -----------
Net Income/(Loss)                                                     (4,328.93)
                                                                     ===========


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:19
BALANCE SHEET - ATTACHMENT 5                            Page: 1
Current Period: MAR-2

currency USD
Company=29 (CAT - DQSC)



                                                  YTD-Actual         YTD-Actual
                                                  31-Mar-02          22-Oct-01
                                                  ----------         ----------
                                                              
ASSETS

Cash and Equivalent                                       0.00              0.00

Restricted Cash                                           0.00              0.00

Accounts Receivable                                     296.34         19,582.06

Inventories                                               0.00              0.00

Prepaid Expenses                                    280,548.14        565,863.67

Other Current Assets                                      0.00              0.00

                                              -----------------------------------
Total Current Assets                                280,844.48        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                          4,899,085.91      4,474,118.72

Net Deferred Financing Fees                               0.00              0.00

Net Investment in Subsidiaries                            0.00              0.00

                                              -----------------------------------
Total Other Assets                                4,899,085.91      4,474,118.72

                                              -----------------------------------
Total Assets                                      5,179,930.39      5,059,564.45
                                              ===================================


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:19
BALANCE SHEET - ATTACHMENT 5                            Page:   2
Current Period: MAR-2

currency USD
Company=29 (CAT - DQSC)



                                                  YTD-Actual         YTD-Actual
                                                  31-Mar-02          22-Oct-01
                                                  ----------         ----------
                                                              
LIABILITIES

Accounts Payable                                     (1,559.54)             0.00

Accrued Liabilities                                   8,787.59              0.00

Deposits                                                  0.00              0.00

                                              -----------------------------------
Total Current Liabilities                             7,228.05              0.00


Long Term Debt                                            0.00              0.00

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

                                              -----------------------------------
Total Liabilities                                 1,598,281.21      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'l Paid In Capital                                50,000.00         50,000.00

Current Net Income (Loss)                            (9,391.32)       591,526.60

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

                                              -----------------------------------
Total Owner's Equity                              3,581,649.18      3,462,780.14

                                              -----------------------------------
Total Liabilities & Equity                        5,179,930.39      5,059,564.45
                                              ===================================


                                                                                 
Cruise America Travel, Incorporated                   Attachment 6                     01-10966 (JCA)
                                        Summary List of Due To/Due From Accounts
                                           For the Month Ended March 31, 2002






                                                           BEGINNING                                 ENDING
AFFILIATE NAME                            CASE ID #         BALANCE        DEBITS     CREDITS        BALANCE
                                                                                  
American Classic Voyages Co.              01-10954         (103,377.71)          -           -     (103,377.71)
AMCV Cruise Operations, Inc.              01-10967       (4,057,564.48)          -    1,343.39   (4,058,907.87)
The Delta Queen Steamboat Co.             01-10970         (252,135.90)   4,631.02   24,580.96     (272,085.84)
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        1,419,142.24           -           -    1,419,142.24
Great Ocean Cruise Line, L.L.C.           01-10959        2,953,907.27           -           -    2,953,907.27
Cape Cod Light, L.L.C.                    01-10962            2,706.08           -           -        2,706.08
Cape May Light, L.L.C.                    01-10961        1,054,561.24           -           -    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 Hawaii Properties Corporation    01-10976            1,126.92           -           -        1,126.92
Great Independence Ship Co.               01-10969           16,321.27           -           -       16,321.27
CAT II, Inc.                              01-10968           23,133.53           -           -       23,133.53
                                                       --------------------------------------------------------
                                                          4,920,379.24    4,631.02   25,924.35    4,899,085.91
                                                       ========================================================


CRUISE AMERICA TRAVEL, INC.                             CASE #:   01-10966 (EIK)


ACCOUNTS RECEIVABLE RECONCILIATION AND AGING






DETAIL:                                     0-30 DAYS   31-60 DAYS   61-90 DAYS   91+ DAYS   TOTAL
                                                                              
Paymentech Credit Card Processor                                                                  -
American Express Credit Card Processor                                                            -
Discover Credit Card Processor                                                                    -
Diners Credit Card Processor                                                                      -
Travel Agents                                  296.34                                        296.34

                                            --------------------------------------------------------
Total                                          296.34            -            -          -   296.34
                                            ========================================================




                                                                   ATTACHMENT #7

                       Cruise America Travel, Incorporated
                                 01-10966 (EIK)




                             Accounts Payable Detail
                              As of March 31, 2002







                                  Attachment 8


                                 Not Applicable

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

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

                                  ATTACHMENT 9
                    NOTES TO MARCH 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 primarily 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:  01-10967 (EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report





16-Apr-02       Summary Of Bank,Investment & Petty Cash Accounts   Attachment 1
2:55 PM               AMCV Cruise Operations, Inc.
Summary                 Case No: 01-10967 (EIK)                       UNAUDITED
AMCV Cruise            For Month Of March, 2002
Operations, Inc



                                                   Balances
                                       ------------------------------     Receipts &      Bank
                                          Opening           Closing       Disbursements   Statements        Account
Account                                As Of 3/01/02     As Of 3/31/02    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                            8,357.80         4,188.60      Yes             Yes               Yes
Master Cash
First Union National Bank
Account # - 2090002602362

AMCV Escrow - Gohagan                    220,191.38       246,864.27      Yes             No - Not          Yes
LaSalle Bank                                                                              Concentration
Account # - 62-8766-40-4                                                                  Account

American Classic Voyages                       0.00             0.00      No -            No -              No -
Fleet Bank                                                                Account         Account           Account
Account # - 941-9148945                                                   closed          closed            closed

New Orleans Office                         7,421.30         7,002.28      Yes             Not A Bank        Yes
Petty Cash                                                                                Account


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






16-Apr-02                   Receipts & Disbursements              Attachment 2-1
2:57 PM                  AMCV Cruise Operations, Inc.
R&D - Bank One            Case No: 01-10967 (EIK)                      UNAUDITED
 - AHC CD (86)                     Bank One
                           AHC Certificate Of Deposit
                            Account # - 880058451981
                            1 March 02 - 31 March 02




Opening Balance - 1 Mar 02

                                                  
                                  25,000.00

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

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

Closing Balance - 31 Mar 02

                                  25,000.00








16-Apr-02                 Receipts & Disbursements                Attachment 2-2
2:58 PM                AMCV Cruise Operations, Inc.
R&D - Bank One            Case No: 01-10967 (EIK)                      UNAUDITED
 - AHC CD (87)                      Bank One
                         AHC Certificate Of Deposit
                          Account # - 880058452369
                          1 March 02 - 31 March 02



Opening Balance - 1 Mar 02

                                                  
                                  25,000.00

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

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

Closing Balance - 31 Mar 02

                                  25,000.00








16-Apr-02                  Receipts & Disbursements               Attachment 2-3
3:00 PM                  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 March 02 - 31 March 02




Opening Balance - 1 Mar 02

                                               
                                    8,357.80

Receipts

                                  102,514.38         Misc Refunds & Commissions

                                  131,914.00         Hawaiian Asset Sale

                                  378,953.40         From Oceanic Ship Co - First Union Bank -
                                                       Account (2090002603921)

                                 -----------
                                  613,381.78         Total Receipts

Disbursements

                                 (615,000.00)        To The Delta Queen Steamboat Co. - Hibernia -
                                                       DQSC Master Cash - Account (812-395-335)

                                   (2,550.98)        Bank Fees
                                 -----------
                                 (617,550.98)        Total Disbursements

Closing Balance - 31 Mar 02

                                    4,188.60






16-Apr-02                     Receipts & Disbursements            Attachment 2-4
3:00 PM                      American Classic Voyages
R&D - LaSalle                 Case No: 01-10967 (EIK)                  UNAUDITED
AMCV Escrow - Gohagan                LaSalle
                               AMCV Escrow - Gohagan
                              Account # - 62-8766-40-4
                              1 March 02 - 31 March 02




Opening Balance - 1 Mar 02

                                                    
                                    220,191.38

Receipts

                                         223.89           Interest Earned

                                      26,449.00           Future Fare Deposits
                                    -----------
                                      26,672.89           Total Receipts

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

Closing Balance - 31 Mar 02

                                     246,864.27







16-Apr-02                 Receipts & Disbursements               Attachment 2-5
2:57 PM                AMCV Cruise Operations, Inc.
R&D - NOLA                Case No: 01-10967 (EIK)                     UNAUDITED
Petty Cash                  New Orleans Office
                                Petty Cash
                             Account # - NA
                        1 March 02 - 31 March 02




Opening Balance - 1 Mar 02

                                                 
                                         7,421.30

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

Disbursements

                                          (140.00)     Office Cleaning

                                           (76.41)     Propane

                                           (61.19)     Office Hardware

                                          (141.42)     Other Miscellaneous
                                         --------
                                          (419.02)     Total Disbursements

Closing Balance - 31 Mar 02

                                         7,002.28






AMCV US SET OF BOOKS                               Date: 19-APR-02 08:27:38
INCOME STATEMENT - ATTACHMENT 4                    Page:   1
Current Period: MAR-02

currency USD
Company=15 (AMCV OPS)



                                                       PTD-Actual
                                                        31-Mar-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                               392,776.95
Sales & Marketing                                        263,248.12
Start-Up Costs                                                 0.00
                                                   -----------------
Total SG&A Expenses                                      656,025.07
                                                   -----------------
EBITDA                                                  (656,025.07)

Depreciation                                              40,575.71
                                                   -----------------
Operating Income                                        (696,600.78)

Other Expense/(Income)
Interest Income                                              442.71
Interest Expense                                           3,909.17
Equity in Earnings for Sub                            (3,349,496.88)
Reorganization expenses                                   81,558.29
Other expense                                               (144.81)
                                                   -----------------
Total Other Expense/(Income)                           3,435,262.24
                                                   -----------------
Net Pretax Income/(Loss)                              (4,131,863.02)

Income Tax Expense                                             0.00
                                                   -----------------
Net Income/(Loss)                                     (4,131,863.02)
                                                   =================







AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:21
BALANCE SHEET - ATTACHMENT 5                            Page:   1
Current Period: MAR-2

currency USD
Company=15 (AMCV OPS)



                                             YTD-Actual          YTD-Actual
                                              31-Mar-02          22-Oct-01
                                           ---------------      ------------
ASSETS

                                                           
Cash and Equivalent                              (120,530.45)      1,723,947.86

Restricted Cash                                   246,864.27         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                                  403,225.89         522,662.13

Other Current Assets                               43,600.00           1,750.00

                                         ---------------------------------------
Total Current Assets                              623,159.71       2,617,044.61


Fixed Assets                                    9,371,564.98       9,371,627.23

Accumulated Depreciation                         (656,642.39)       (453,764.30)

                                         ---------------------------------------
Net Fixed Assets                                8,714,922.59       8,917,862.93


Net Goodwill                                            0.00               0.00

Intercompany Due To/From                       (3,231,514.39)      2,150,807.43

Net Deferred Financing Fees                             0.00               0.00

Net Investment in Subsidiaries                 61,381,436.05      66,329,274.35

                                         ---------------------------------------
Total Other Assets                             58,149,921.66      68,480,081.78

                                         ---------------------------------------
Total Assets                                   67,488,003.96      80,014,989.32
                                         =======================================






AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:21
BALANCE SHEET - ATTACHMENT 5                            Page:   2
Current Period: MAR-2

currency USD
Company=15 (AMCV OPS)



                                             YTD-Actual          YTD-Actual
                                              31-Mar-02          22-Oct-01
                                           ---------------      ------------
LIABILITIES

                                                           
Accounts Payable                                  132,653.93           5,363.60

Accrued Liabilities                               337,581.35         289,488.87

Deposits                                                0.00               0.00

                                         ---------------------------------------
Total Current Liabilities                         470,235.28         294,852.47


Long Term Debt                                          0.00               0.00

Other Long Term Liabilities                             0.00               0.00

                                         ---------------------------------------
Total Liabilities                                 470,235.28         294,852.47


OTHER

Liabilities Subject to Compromise              29,585,924.61      32,307,000.02

                                         ---------------------------------------
Total Other                                    29,585,924.61      32,307,000.02


OWNER'S EQUITY

Common Stock                                       10,440.25          10,440.25

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

Current Net Income (Loss)                      (7,589,855.17)    (37,037,717.81)

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

                                         ---------------------------------------
Total Owner's Equity                           37,431,844.07      47,413,136.83

                                         ---------------------------------------
Total Liabilities & Equity                     67,488,003.96      80,014,989.32
                                         =======================================






AMCV Cruise                      ATTACHMENT 6
 Operations, Inc.     Summary List of Due To/Due From Accounts    01-10967 (JCA)
                        For the Month Ended March 31, 2002





                                                                BEGINNING                                               ENDING
AFFILIATE NAME                             CASE ID #             BALANCE             DEBITS          CREDITS            BALANCE
                                                                                                     
American Classic Voyages Co.               01-10954           (78,732,843.30)      573,956.91     1,353,918.82       (79,512,805.21)
AMCV Holdings, Inc.                        01-10973                (9,601.84)        8,773.86       629,025.15          (629,853.13)
The Delta Queen Steamboat Co.              01-10970          (102,975,538.81)    2,299,665.06     1,530,200.40      (102,206,074.15)
DQSB II, Inc.                              01-10974                 1,194.40           456.00                -             1,650.40
Great AQ Steamboat, L.L.C.                 01-10960            22,771,729.84        60,947.23                -        22,832,677.07
Great Pacific NW Cruise Line, L.L.C.       01-10977             9,405,617.36        15,126.18                -         9,420,743.54
Great River Cruise Line, L.L.C.            01-10963             9,491,968.54        76,269.35       137,607.73         9,430,630.16
Great Ocean Cruise Line, L.L.C.            01-10959            21,419,111.30       100,889.68        65,616.58        21,454,384.40
Cruise America Travel, Incorporated        01-10966             4,057,564.48         1,343.39                -         4,058,907.87
Delta Queen Coastal Voyages, L.L.C.        01-10964              (191,346.38)          300.00                -          (191,046.38)
Cape Cod Light, L.L.C.                     01-10962             3,949,193.20           990.00                -         3,950,183.20
Cape May Light, L.L.C.                     01-10961             8,015,892.93       213,544.43       176,240.13         8,053,197.23
Project America, Inc.                      N/A                 (4,501,177.23)               -                -        (4,501,177.23)
Oceanic Ship Co.                           N/A                 57,295,518.01       380,795.88            22.57        57,676,291.32
Project America Ship I, Inc.               N/A                    111,958.41                -                -           111,958.41
Ocean Development Co.                      01-10972             1,549,602.47                -                -         1,549,602.47
Great Hawaiian Cruise Line, Inc.           01-10975               (96,655.80)               -                -           (96,655.80)
Great Hawaiian Properties Corporation      01-10971            (6,116,875.06)               -                -        (6,116,875.06)
American Hawaii Properties Corporation     01-10976             5,190,295.02            45.00                -         5,190,340.02
Great Independence Ship Co.                01-10969            36,654,424.42                -                -        36,654,424.42
CAT II, Inc.                               01-10968             9,637,982.06                -                -         9,637,982.06
                                                        ----------------------------------------------------------------------------
                                                               (3,071,985.98)    3,733,102.97     3,892,631.38        (3,231,514.39)
                                                        ============================================================================






                          AMCV Cruise Operations, Inc.

                                 01-10967 (EIK)

                            Accounts Receivable Aging

                              As of March 31, 2002

                                  Attachment 7

                                 Not Applicable



ACCOUNTS PAYABLE TRIAL BALANCE
AS OF MARCH 31, 2002

LIABILITY ACCOUNT:  15-000-220102-00000






                                                      INVOICE                     REMAINING
SUPPLIER NAME                   INVOICE NUMBER          DATE         AMOUNT          AMOUNT       INVOICE DESCRIPTION
- -------------                   --------------       ---------    -----------    ------------ ---------------------------
                                                                               
AMERICAN MARITIME OFFICERS      MPB KENNEY 01        26-Mar-02    $  3,539.34    $   3,539.34 D KENNEY CONTRIBUTIONS 2001
                                VACALL KENNEY 01     26-Mar-02    $  2,988.72    $   2,988.72 D KENNEY CONTRIBUTIONS 2001
                                VAC KENNEY 01        26-Mar-02    $    428.40    $     428.40 D KENNEY CONTRIBUTIONS 2001
                                TOTAL FOR SUPPLIER:               $  6,956.46    $   6,956.46


AON RISK SERVICES, INC.
 OF IL                          6000000040041        28-Feb-02    $    600.00    $     600.00 BOILER&MACHINERY 2/28/02-2/28/03

APOLLO ENTERPRISES              121201WILL           12-Dec-01    $    202.38    $     202.38 PRESC EXP - D WILLIAMSON DOS 12/12/01

BELLSOUTH                       4300 031102          11-Mar-02    $  2,514.01    $   2,514.01 954 660-4300 002 1807 * 3/11/02
                                6892 022802          28-Feb-02    $    117.23    $     117.23 601-M23-6892-892 * 2/28/02
                                3363 022802          28-Feb-02    $  2,365.13    $   2,365.13 504-M83-3363-363 * 2/28/02
                                TOTAL FOR SUPPLIER:               $  4,996.37    $   4,996.37

BENTON COUNTY TRUSTEE           123101               31-Dec-01    $  1,549.91    $   1,549.91 PROPERTY ADDRESS BL000400

BILL NOBLES, TRUSTEE            123101B              31-Dec-01    $  1,704.40    $   1,704.40 BILL NUMBER 145214
                                123101A              31-Dec-01    $  1,963.66    $   1,963.66 BILL NUMBER 145375
                                TOTAL FOR SUPPLIER:               $  3,668.06    $   3,668.06

BIONDI, BRIAN                   17818                30-Mar-02    $    200.00    $     200.00 REPLACE STEAMER CK#17818

BOARD OF COMMISSIONERS          245785               26-Mar-02    $    598.47    $     598.47 WATER 12/20-1/23/02
                                246110               27-Mar-02    $  7,785.00    $   7,785.00 DOCKAGE 4/1-30/02
                                TOTAL FOR SUPPLIER:               $  8,383.47    $   8,383.47

BOB PATTERSON, TRUSTEE          123101B              31-Dec-01    $  7,025.24    $   7,025.24 FOLIO NUMBER 6BL-0004-0-00000-0
                                123101A              31-Dec-01    $  5,059.38    $   5,059.38 FOLIO NUMBER 1BL-0004-0-00000-0
                                TOTAL FOR SUPPLIER:               $ 12,084.62    $  12,084.62

CARL E LEVI, CITY TREASURER     123101               31-Dec-01    $  1,400.93    $   1,400.93 BILL#76013

CHARLIE CALDWELL, TRUSTEE       123101B              31-Dec-01    $  2,807.17    $   2,807.17 ACCOUNT NUMBER 000000516
                                123101A              31-Dec-01    $  2,459.26    $   2,459.26 ACCOUNT NUMBER 000000340
                                TOTAL FOR SUPPLIER:               $  5,266.43    $   5,266.43

CITY TAX COLLECTOR              123101               31-Dec-01    $     51.77    $      51.77 PROPERTY ADDRESS BL000400

COUNTY TRUSTEE                  123101               31-Dec-01    $  1,299.20    $   1,299.20 PROPERTY ADDRESS BL000400







                                  Page 1 of 5





                                                      INVOICE                     REMAINING
SUPPLIER NAME                   INVOICE NUMBER          DATE         AMOUNT          AMOUNT       INVOICE DESCRIPTION
- -------------                   --------------       ---------    -----------    ------------ ---------------------------
                                                                               
DECATUR COUNTY TRUSTEE          123101               31-Dec-01    $    991.66    $     991.66 PROPERTY ADDRESS BL000400

DIAZ CASH REGISTER CO INC.      6150                 20-Mar-02    $    152.60    $     152.60 RENTAL TIME CLOCK 3/21-5/7/02

DICKSON COUNTY TRUSTEE          123101               31-Dec-01    $    166.48    $     166.48 PROPERTY ADDRESS BL000400

DIRECTV                         0032-006733024       26-Dec-01    $     60.33    $      60.33 #006733024
                                0031-006733024       26-Nov-01    $     60.33    $      60.33 ACCT#006733024
                                0024-006733024C      23-Apr-01    $   (659.33)   $    (659.33)OVERPAID CK#4002327 ACCT#006733024
                                0030-006733024A      26-Oct-01    $     60.33    $      60.33 ACCT#006733024
                                TOTAL FOR SUPPLIER:               $   (478.34)   $    (478.34)

DIVERSEY LEVER, INC.            030706               18-Dec-01    $     (8.97)   $      (8.97)FUEL SURCHARGE CREDIT

DYER COUNTY TRUSTEE             123101               31-Dec-01    $  2,915.08    $   2,915.08 PROPERTY ADDRESS BL000400

EARTHLINK, INC.                 66208859             26-Mar-02    $    304.00    $     304.00 ACCT#4372326

ENTERGY                         031802               18-Mar-02    $ 14,227.16    $  14,227.16 ACCT#4189216

FEDERAL EXPRESS                 4-164-76119          14-Mar-02    $    109.95    $     109.95 NOLA
                                4-164-39356          14-Mar-02    $    118.33    $     118.33 NOLA
                                4-164-91485          14-Mar-02    $     35.39    $      35.39 NOLA
                                4-164-54334          14-Mar-02    $     33.17    $      33.17 NOLA
                                4-164-01697           8-Mar-02    $    124.97    $     124.97 NOLA
                                TOTAL FOR SUPPLIER:               $    421.81    $     421.81

FRED DIVINE DIVING
 & SALVAGE CO.                  20024                20-Mar-02    $  5,500.00    $   5,500.00 LAY UP CQ 7/20-5/20/02
                                20029                22-Mar-02    $  5,018.82    $   5,018.82 ELECTRIC SVC CQ 2/22-3/22/02
                                TOTAL FOR SUPPLIER:               $ 10,518.82    $  10,518.82

HARDIN COUNTY TRUSTEE           123101               31-Dec-01    $  2,254.32    $   2,254.32 HARDIN COUNTY PROPERTY TAX

HARRIS REGIONAL HOSPITAL        082001SMIT            2-Aug-01    $    379.10    $     379.10 MEDS SVCS W SMITH DOS 8/2/01

HEALTHSOUTH HOLDINGS            122801WILL           28-Dec-01    $    100.80    $     100.80 MED SVCS D WILLIAMSON DOC 12/21-28/01
                                121901WILL           19-Dec-01    $    365.60    $     365.60 MED SVCS D WILLIAMSON DOC 12/7-19/01
                                TOTAL FOR SUPPLIER:               $    466.40    $     466.40

HENRY COUNTY TRUSTEE            123101               31-Dec-01    $    323.79    $     323.79 PROPERTY ADDRESS BL000400

HOUSTON COUNTY TRUSTEE          123101               31-Dec-01    $    303.80    $     303.80 HOUSTON COUNTY PROPERTY TAX

HUMPHREYS COUNTY TRUSTEE        123101               31-Dec-01    $  1,014.31    $   1,014.31 PROPERTY ADDRESS BL000400







                                  Page 2 of 5





                                                      INVOICE                     REMAINING
SUPPLIER NAME                   INVOICE NUMBER          DATE         AMOUNT          AMOUNT       INVOICE DESCRIPTION
- -------------                   --------------       ---------    -----------    ------------ ---------------------------
                                                                               
ICS LOGISTICS                   0246815B             19-Oct-01    $        --    $   1,031.25
                                0275849B             26-Oct-01    $    651.75    $     651.75
                                0245847B             12-Oct-01    $  1,056.00    $   1,056.00
                                TOTAL FOR SUPPLIER:               $  1,707.75    $   2,739.00

IKON OFFICE SOLUTIONS           22483491             18-Mar-02         412.40    $     412.40

INTERNATIONAL BUSINESS
 MACHINES CORP                  3237562               4-Mar-02          85.93    $      85.93 3/1-14/02

IOS CAPITAL                     52948867             28-Sep-01    $  1,322.52    $   1,322.52 10/25-11/24/01
                                52848199             17-Sep-01    $    152.50    $     152.50 10/12-11/11/01
                                TOTAL FOR SUPPLIER:               $  1,475.02    $   1,475.02

ISLAND OASIS FROZEN
 COCKTAIL CO., INC              111501               15-Nov-01    $  1,137.25    $   1,137.25

LAKE COUNTY TRUSTEE             123101               31-Dec-01    $  5,781.44    $   5,781.44 PROPERTY ADDRESS BL000400

LAURA MAX RACINE, TIPTON
 COUNTY TRUSTEE                 123101               31-Dec-01    $  2,110.19    $   2,110.19 TIPTON COUNTY PERSONAL PROPERTY TAX

LORD, CAPT. STEVEN              0325-3102            31-Mar-02    $  1,420.00    $   1,420.00 SECURITY CQ 3/25-31/02

MARION COUNTY TRUSTEE           123101               31-Dec-01    $  1,594.57    $   1,594.57 MARION COUNTY PROPERTY TAX

MCC SERVICES                    0999465              20-Mar-02    $    656.00    $     656.00
                                0999654              22-Mar-02    $     82.50    $      82.50
                                                                  $    738.50    $     738.50

MCI WORLDCOM CONFRENCING        120101                1-Dec-01    $    (46.07)   $     (46.07)01-00005980958-00691

MONTGOMERY COUNTY TRUSTEE       123101               31-Dec-01    $  2,694.83    $   2,694.83 PROPERTY ADDRESS BL000400

MONTGOMERY, BARNETT, BROWN,
 READ,                          61722                27-Dec-01    $    928.52    $     928.52 LEGAL FEES VESSEL OPS
HAMMOND & MINTZ LLP             61724                27-Dec-01    $    570.75    $     570.75 LEGAL FEES M DAVIS
                                61723                27-Dec-01    $    380.54    $     380.54 LEGAL FEES L CARO
                                TOTAL FOR SUPPLIER:               $  1,879.81    $   1,879.81

MOULEDOUX, BLAND, LEGRAND
 & BRACKETT                     000093 00185 3711    23-Jan-02    $     58.34    $      58.34 LEGAL SVCS R TRUSLEY 12/17-1/22/02
                                000093 00201 3713    23-Jan-02    $    209.98    $     209.98 LEGAL SVCS E MARTIN 12/18-1/22/02
                                000093 99204 3720    23-Jan-02    $    152.40    $     152.40 LEGAL SVCS S GEORGE 12/17-1/22/02
                                000093 01159 3715    23-Jan-02    $    620.62    $     620.62 LEGAL SVCS E GONTARSKI 12/18-1/22/02
                                000093 00200 3712    23-Jan-02    $    301.43    $     301.43 LEGAL SVCS K LAMBERT 12/18-1/22/02
                                000093 01233 3717    23-Jan-02    $    193.80    $     193.80 LEGAL SVCS L ROBINSON 12/17-1/22/02
                                000093 00242 3714    23-Jan-02    $    314.74    $     314.74 LEGAL SVCS A TODD 10/19-1/22/02
                                000093 67300 3719    23-Jan-02    $     93.30    $      93.30 LEGAL SVCS J SIMONEAUX 10/19-1/22/02
                                000093 99207 3721    23-Jan-02    $     64.34    $      64.34 LEGAL SVCS J JONES 12/18-1/22/02
                                000093 00152 3710    23-Jan-02    $    886.07    $     886.07 LEGAL SVCS B CRUMP 12/17-1/22/02






                                  Page 3 of 5




                                                      INVOICE                     REMAINING
SUPPLIER NAME                   INVOICE NUMBER          DATE         AMOUNT          AMOUNT       INVOICE DESCRIPTION
- -------------                   --------------       ---------    -----------    ------------ ---------------------------
                                                                               
                                000093 01276 3718    23-Jan-02    $  7,763.49    $   7,763.49 LEGAL SVCS C BEVERLY 12/17-1/22/02
                                000093 01211 3716    23-Jan-02    $    628.49    $     628.49 LEGAL SVCS P BONNETTE 12/18-1/22/02
                                000093 01132 3735    24-Jan-02    $    127.17    $     127.17 LEGAL SVCS K HARTFORD 12/18-1/22/02
                                TOTAL FOR SUPPLIER:               $ 11,414.17    $  11,414.17

NANTAHAL RADIOLOGY ASSOC. PA    072401SMIT           24-Jul-01    $    301.00    $     301.00 MED SVCS W SMITH DOS 7/24/01
                                100901SMIT            9-Oct-01    $    301.00    $     301.00 MED SVCS W SMITH DOS 10/09/01
                                101001SMIT           10-Oct-01    $     49.00    $      49.00 MED SVCS W SMITH DOS 10/10/01
                                TOTAL FOR SUPPLIER:               $    651.00    $     651.00

NEW ORLEANS PRIVATE PATROL
 SERVICE, INC.                  0038421-IN           10-Mar-02    $  1,971.60    $   1,971.60 SECURITY 3/1-10/02

NORONHA, JASON                  4010382              30-Mar-02    $     45.00    $      45.00 REPLACE CK#4010382

NORTHWEST SOUND & SECURITY
 TECH, INC.                     3556                 22-Mar-02    $    693.50    $     693.50

NTT/VERIO, INC -21              56598969              2-Feb-02    $     30.33    $      30.33
                                56386875              2-Jan-02    $     70.00    $      70.00
                                55730669             20-Oct-01    $    135.67    $     135.67
                                56167714              2-Dec-01    $     70.00    $      70.00
                                TOTAL FOR SUPPLIER:               $    306.00    $     306.00

PAUL MEADOWS, TRUSTEE           123101               31-Dec-01    $  4,646.31    $   4,646.31 LAUDERDALE COUNTY PROPERTY TAX

PERRY COUNTY                    123101               31-Dec-01    $    544.04    $     544.04 PROPERTY ADDRESS BL000400

PITNEY BOWES CREDIT CORP        2904903-TAXES        14-Mar-02    $    566.79    $     566.79 POSTAGE METER TAXES
                                2904903-MR02         14-Mar-02    $    738.63    $     738.63 POSTAGE METER
                                                                  $  1,305.42    $   1,305.42

PROTECTION ONE                  031302               13-Mar-02    $    127.65    $     127.65 ALARM MONITORING 4/1-30/02

SOMERSET REFINERY, INC.         12718B               25-Oct-01    $  3,771.46    $       0.01 PO#11923

SOUTHWESTERN BELL               0227 122401          24-Dec-01    $    (14.66)   $     (14.66)314-436-0227-138-8
                                8922 120401           4-Dec-01    $     (7.62)   $      (7.62)573 221-8922 555-7
                                TOTAL FOR SUPPLIER:               $    (22.28)   $     (22.28)

SPEED WHEELS EXPRESS            031502               15-Mar-02    $    113.00    $     113.00

SPEEDY PRINTING                 18307                26-Mar-02    $    454.02    $     454.02

ST. JOHNS FABRICATORS, INC.     020312               25-Mar-01    $  1,549.88    $   1,549.88

STEWART COUNTY TRUSTEE          123101               31-Dec-01    $  2,569.98    $    ,569.98 PROPERTY ADDRESS BL000400







                                  Page 4 of 5




                                                      INVOICE                     REMAINING
SUPPLIER NAME                   INVOICE NUMBER          DATE         AMOUNT          AMOUNT       INVOICE DESCRIPTION
- -------------                   --------------       ---------    -----------    ------------ ---------------------------
                                                                               
TAX COLLECTOR                   123101               31-Dec-01    $    240.81    $     240.81 PROPERTY ADDRESS BL000400

TENNESSEE SECRETARY OF STATE    123101               31-Dec-01    $    900.00    $     900.00

TREASURER, CITY OF MEMPHIS      123101               31-Dec-01    $  2,626.70    $   2,626.70 ACCOUNT NUMBER TBL000400

UNITED PARCEL SERVICE           0000709667102         9-Mar-02    $    576.59    $    (576.59)
                                0000709667112        16-Mar-02    $    601.81    $    (601.81)
                                TOTAL FOR SUPPLIER:               $  1,178.40    $  (1,178.40)

WAYNE COUNTY TRUSTEE            123101               31-Dec-01    $    205.03    $     205.03 PROPERTY ADDRESS BL000400

WIEK, CAPT. JAY                 0401-0702             1-Apr-02    $    720.00    $     720.00 SECURITY CQ 4/1-7/02

WITHERS/SUDDATH RELOCATION
 SYSTEMS INC.                   145196               30-Oct-01    $  1,040.00    $      10.00 60 DOLLIE LOADS

WORKER'S COMPENSATION LEGAL
 CLINIC OF LA                   0615-101601          16-Oct-01    $    126.00    $     126.00 MILEAGE REIMB 6/13-10/16/01


TOTAL FOR LIABILITY ACCOUNT:                                      $138,780.93    $ 132,653.93

TOTAL FOR REPORT:                                                 $138,780.93    $ 132,653.93









                                  Page 5 of 5







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

                      PRELIMINARY MONTHLY OPERATING REPORT

                              AS OF MARCH 31, 2002

                                       AND

                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9

                     NOTES TO MARCH 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 were reconciled.
         Results are reflected herein.

2.       Asset sales were completed in the Florida offices, but the Louisiana
         auction has been postponed. Final reconciliation will be performed
         after all auctions are completed.

EX-99.11

                                                                   Exhibit 99.11


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

                            MONTHLY OPERATING REPORT
                       FOR THE MONTH ENDED MARCH 31, 2002




In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that CAT II, Inc. 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-99.12

                                                                   Exhibit 99.12


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

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report

                                                                                
16-Apr-02                      Summary Of Bank And Investment Accounts                Attachment 1
3:36 PM                              Great Independence Ship Co.
Summary                                Case No: 01-10969 (EIK)                         UNAUDITED
Great Independence Ship Co.           For Month Of March, 2002





                                    Balances
                           -----------------------------    Receipts &       Bank
                              Opening         Closing       Disbursements    Statements    Account
Account                    As Of 3/01/02   As Of 3/31/02    Included         Included      Reconciled
- -------                    -------------   -------------    --------         --------      ----------
                                                                            
Independence Steamer                0.00            0.00    No -             No -          No -
Bank of Hawaii                                              Account          Account       Account
Account # - 0001-029126                                     Closed           Closed        Closed


16-Apr-02                       Receipts & Disbursements            Attachment 2
3:36 PM                       Great Independence Ship Co.
Summary                          Case No: 01-10969 (EIK)
Great Independence Ship Co.     For Month Of March, 2002
Attach 2


                  No Receipts Or Disbursements - Account Closed

                                                                           
16-Apr-02                      Concentration & Investment Account Statements     Attachment 3
3:38 PM                                 Great Independence Ship Co.
Summary                                   Case No: 01-10969 (EIK)
Great Independence Ship Co.              For Month Of March, 2002
Attach 3




          No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS                                Date: 19-APR-02 08:27:38
INCOME STATEMENT - ATTACHMENT 4                     Page:   1
Current Period: MAR-02

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



                                                                    PTD-Actual
                                                                    31-Mar-02
                                                                    ----------
                                                               
Revenue
Gross Revenue                                                        (12,903.81)
Allowances                                                                 0.00
                                                                  --------------
Net Revenue                                                          (12,903.81)

Operating Expenses
Air                                                                        0.00
Hotel                                                                      0.00
Commissions                                                                0.00
Onboard Expenses                                                           0.00
Passenger Expenses                                                   126,837.13
Vessel Expenses                                                        1,039.36
Layup/Drydock Expense                                                      0.00
Vessel Insurance                                                           0.00
                                                                  --------------
Total Operating Expenses                                             127,876.49

                                                                  --------------
Gross Profit                                                        (140,780.30)

SG&A Expenses
Sales & Marketing                                                          0.00
Start-Up Costs                                                             0.00
                                                                  --------------
Total SG&A Expenses                                                        0.00

                                                                  --------------
EBITDA                                                              (140,780.30)

Depreciation                                                               0.00

                                                                  --------------
Operating Income                                                    (140,780.30)

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)                                            (144,971.68)

Income Tax Expense                                                         0.00

                                                                  --------------
Net Income/(Loss)                                                   (144,971.68)
                                                                  ==============


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:26
BALANCE SHEET - ATTACHMENT 5                            Page:  1
Current Period: MAR-2

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



                                               YTD-Actual           YTD-Actual
                                               31-Mar-02            22-Oct-01
                                               ----------           ----------
ASSETS
                                                           
Cash and Equivalent                                     0.00          64,505.83

Restricted Cash                                         0.00               0.00

Accounts Receivable                                     0.00         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                            1,144,821.19       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                      (17,753,320.49)    (17,643,280.88)

Net Deferred Financing Fees                       687,385.22         709,459.82

Net Investment in Subsidiaries                          0.00               0.00

                                          --------------------------------------
Total Other Assets                            (17,065,935.27)    (16,933,821.06)

                                          --------------------------------------
Total Assets                                   37,735,142.67      38,130,256.41
                                          ======================================


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:26
BALANCE SHEET - ATTACHMENT 5                            Page:  2
Current Period: MAR-2

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



                                                YTD-Actual           YTD-Actual
                                                31-Mar-02            22-Oct-01
                                                ----------           ----------
                                                            
LIABILITIES

Accounts Payable                                        0.00               0.00

Accrued Liabilities                                     0.00          31,544.34

Deposits                                                0.00               0.00

                                          --------------------------------------
Total Current Liabilities                               0.00          31,544.34


Long Term Debt                                          0.00               0.00

Other Long Term Liabilities                     1,266,494.79       1,266,494.79

                                          --------------------------------------
Total Liabilities                               1,266,494.79       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'l Paid In Capital                          17,616,000.00      17,616,000.00

Current Net Income (Loss)                         (33,106.13)     (9,694,324.85)

Retained Earnings                             (13,465,019.95)     (3,462,979.03)

                                          --------------------------------------
Total Owner's Equity                            4,118,873.92       4,459,696.12

                                          --------------------------------------
Total Liabilities & Equity                     37,735,142.67      38,130,256.41
                                          ======================================


                                                                          
Great Independence Ship Co.                   Attachment 6                      01-10969 (JCA)
                                Summary List of Due To/Due From Accounts
                                   For the Month Ended March 31, 2002





                                                           BEGINNING                                  ENDING
AFFILIATE NAME                            CASE ID #         BALANCE         DEBITS    CREDITS         BALANCE
                                                                                  
American Classic Voyages Co.              01-10954      (24,948,942.58)           -          -   (24,948,942.58)
AMCV Cruise Operations, Inc.              01-10967      (36,654,424.42)           -          -   (36,654,424.42)
The Delta Queen Steamboat Co.             01-10970           83,084.83            -          -        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 I, Inc.              N/A               277,329.74            -          -       277,329.74
Great Hawaiian Cruise Line, Inc.          01-10975       24,664,282.52    39,375.23   4,616.79    24,699,040.96
Great Hawaiian Properties Corporation     01-10971       28,898,393.97            -          -    28,898,393.97
American Hawaii Properties Corporation    01-10976          542,250.76            -          -       542,250.76
CAT II, Inc.                              01-10968      (11,802,199.12)           -          -   (11,802,199.12)
                                                       ---------------------------------------------------------
                                                        (17,788,078.93)   39,375.23   4,616.79   (17,753,320.49)
                                                       =========================================================


                          Great Independence Ship Co.
                                 01-10969 (EIK)




                           Accounts Receivable Aging
                              As of March 31, 2002







                                  Attachment 7


                                 Not Applicable

                          Great Independence Ship Co.
                                 01-10969 (EIK)




                            Accounts Payable Detail
                              As of March 31, 2002







                                  Attachment 8


                                 Not Applicable

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

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

                                  ATTACHMENT 9
                    NOTES TO MARCH 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.       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.

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

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

                                  ATTACHMENT 9
                    NOTES TO MARCH MONTHLY OPERATING REPORT


5.       Credit card receivables have been reviewed for collectibility and
         adjusted accordingly.

EX-99.13

                                                                   Exhibit 99.13

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

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 MARCH 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 March Monthly Operating Report


16-Apr-02            Summary Of Bank And Investment Accounts        Attachment 1
4:59 PM                   The Delta Queen Steamboat Co.
Summary                      Case No: 01-10970 (EIK)                   UNAUDITED
The Delta Queen               For Month Of March, 2002
Steamboat Co.


                                             Balances
                                   ------------------------------     Receipts &         Bank
                                     Opening          Closing         Disbursements      Statements          Account
Account                            As Of 3/01/02    As Of 3/31/02     Included           Included            Reconciled
- -------                            -------------    -------------     --------           --------            ----------
                                                                                              
Delta Queen Controlled Disb          29,759.71        11,687.85       Yes                Yes                 Yes
Hibernia
Account # - 542027373

Delta Queen Master Cash             247,191.78       345,733.39       Yes                Yes                 Yes
Hibernia
Account # - 812-395-335

Delta Queen Payroll                 106,334.06        35,947.79       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                                           Account            Account             Account
Account # - TNE-043290                                                Closed             Closed              Closed

The Delta Queen Steamboat Co.             0.00             0.00       No -               No -                No -
AmSouth                                                               Account            Account             Account
Account # - 19356307                                                  Closed             Closed              Closed

Delta Queen                               0.00             0.00       No -               No -                No -
LaSalle                                                               Account            Account             Account
Account # - 5800155771                                                Closed             Closed              Closed

DQ Credit Card                            0.00         5,541.02       Yes                No - Not            Yes
Bank One                                                                                 Concentration
Account # - 552-0110062868                                                               Account

DQ Master Cash                            0.00             0.00       No -               No -                No -
Bank One                                                              Account            Account             Account
Account # - 552-0110256700                                            Closed             Closed              Closed

The Delta Queen Steamboat Co         53,772.73       162,406.21       Yes                No - Not            Yes
Receipts                                                                                 Concentration
Hibernia                                                                                 Account
Account # - 882-390-047

The Delta Queen Steamboat Co              0.00             0.00       No -               No -                No -
Receipts                                                              Account            Account             Account
LaSalle                                                               Closed             Closed              Closed
Account # - 5800155839

The Delta Queen Steamboat Co        250,712.50       499,877.32       Yes                No - Not            Yes
Escrow Account                                                                           Concentration
LaSalle                                                                                  Account
Account # - 62-8930-70-3


16-Apr-02                   Receipts & Disbursements              Attachment 2-1
 5:03 PM                  The Delta Queen Steamboat Co.
R&D - Hibernia               Case No: 01-10970 (EIK)                   UNAUDITED
DQ Controlled Disb                  Hibernia
                            Controlled Disbursements
                              Account # - 542027373
                            1 March 02 - 31 March 02

                                             
Opening Balance - 1 Mar 02
                                     29,759.71

Receipts
                                    612,455.71       From The Delta Queen Steam Boat Co. -
                                                     Hibernia - DQSC Master Cash - Account (812-395-335)

                                    ----------
                                    612,455.71       Total Receipts

Disbursements
                                    (60,426.40)      Benefits - Afloat Employees
                                    (22,584.28)      Benefits - Shore Employees
                                       (361.20)      Commission - DQ - FY 01
                                     (5,520.43)      Crew Medical & Maintenance (P&I)
                                     (4,358.58)      Crew Replacement Check - Pre-Petition
                                     (6,786.83)      Crew Union Dues/Other Employee Payments
                                     (3,000.00)      Passenger Refunds - FY 02
                                    (62,663.53)      Professional Fees
                                    (30,128.45)      SG&A - Finance
                                       (378.68)      SG&A - Hotel Operations
                                       (626.51)      SG&A - Human Resources
                                    (28,067.64)      SG&A - IT/Communications
                                    (48,275.41)      SG&A - Legal/Risk Management
                                     (2,205.33)      SG&A - Office - Chicago
                                    (53,471.71)      SG&A - Office - New Orleans
                                     (2,503.34)      SG&A - Office - Weston
                                     (3,845.56)      SG&A - Passenger Services
                                   (186,070.83)      SG&A - Sales & Marketing
                                     (2,331.06)      Start-Up - MQ
                                    (48,794.00)      Taxes
                                       (136.03)      Vessel - DQ FY 01 Operations
                                    (57,991.77)      Vessel - Tie-Up/Other
                                    ----------
                                   (630,527.57)      Total Disbursements

Closing Balance - 31 Mar 02

                                     11,687.85



16-Apr-02                   Receipts & Disbursements              Attachment 2-2
 5:06 PM                  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 March 02 - 31 March 02

                                            
Opening Balance - 1 Mar 02
                                    247,191.78

Receipts
                                  1,900,000.00       From American Classic Voyages Co - Credit Suisse
                                                        Asset Management - Account (247003452)
                                    615,000.00       From AMCV Cruise Operations, Inc. - First Union -
                                                        AMCV Cruise Ops Master Cash - Account (2090002602362)
                                    305,768.46       Misc Local Deposits - Primarily FY 02 Deposits En Route
                                                        To Escrow Account
                                         25.00        From Hibernia - Reimbursement From Bank Error
                                  ------------
                                  2,820,793.46       Total Receipts

Disbursements
                                   (612,455.71)      To The Delta Queen Steam Boat Co. -
                                                        Hibernia - DQSC Contr. Disb. - Account (542027373)
                                    (19,766.21)      Airline Reporting Clearinghouse
                                   (149,865.28)      401K Payroll Payments
                                    (75,000.00)      To The Delta Queen Steam Boat Co. - Hibernia -
                                                        DQSC Receipts - Account (882-390-047)
                                    (90,000.00)      To Great AQ Steamboat, LLC - Hibernia -
                                                       AQ Steamer - Account (812-395-343)
                                   (220,000.00)      To The Delta Queen Steam Boat Co. - Hibernia -
                                                        DQ Payroll - Account (812-395-289)
                                   (170,000.00)      To Great River Cruise Line, LLC - Hibernia -
                                                        DQ Steamer - Account (812-395-270)
                                     (8,472.88)      Sysco - Food
                                     (3,825.00)      Consulting
                                    (61,207.49)      Insurance
                                     (2,984.50)      Moving Expense - Miami To New Orleans
                                   (450,000.00)      To Cape Cod Light, LLC - Hibernia Investments , LLC
                                                        Cape Cod Light Security - Account (4R6-771783)
                                   (248,954.53)      To The Delta Queen Steam Boat Co. - LaSalle Bank -
                                                        DQSC Escrow - Account (62-8930-70-3)
                                   (607,009.14)      Professional Fees
                                       (700.00)      Returned Check
                                     (2,011.11)      UPS
                                    ----------
                                 (2,722,251.85)      Total Disbursements

Closing Balance - 31 Mar 02
                                    345,733.39




16-Apr-02                   Receipts & Disbursements              Attachment 2-3
 5:07 PM                  The Delta Queen Steamboat Co.
R&D - Hibernia               Case No: 01-10970 (EIK)                   UNAUDITED
DQ Payroll                          Hibernia
                                   DQ Payroll
                             Account # - 812-395-289
                            1 March 02 - 31 March 02

                                               
Opening Balance - 1 Mar 02
                                    106,334.06

Receipts
                                    220,000.00       From The Delta Queen Steam Boat Co. -
                                                         Hibernia - DQSC Master Cash - Account (812-395-335)

                                    ----------
                                    220,000.00       Total Receipts

Disbursements
                                   (256,066.29)      Payroll - Wires

                                    (34,319.98)      Payroll - Checks

                                    ----------
                                   (290,386.27)      Total Disbursements

Closing Balance - 31 Mar 02

                                     35,947.79



16-Apr-02                   Receipts & Disbursements              Attachment 2-4
 5:18 PM                  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 March 02 - 31 March 02

                                               
Opening Balance - 1 Mar 02

                                          0.00

Receipts                              5,541.02       Credit Card Charge Back Reversal -
                                                        Paymentech

                                    ----------
                                      5,541.02       Total Receipts

Disbursements
                                                     To Great Hawaiian Properties Corporation -
                                                        Bank One - AHC Mainland Payroll
                                                        Account (552-0110673387)
                                    ----------
                                          0.00

Closing Balance - 31 Mar 02

                                      5,541.02



16-Apr-02                   Receipts & Disbursements              Attachment 2-5
 5:19 PM                  The Delta Queen Steamboat Co.
R&D - Hibernia               Case No: 01-10970 (EIK)                   UNAUDITED
DQSC Receipts                       Hibernia
                                  DQSC Receipts
                             Account # - 882-390-047
                            1 March 02 - 31 March 02

                                               
Opening Balance - 1 Mar 02
                                     53,772.73

Receipts
                                     75,000.00       From The Delta Queen Steamboat Company - Hibernia -
                                                        DQ Master Cash Account (812-395-335)

                                     92,028.75       From Credit Card Processor

                                    ----------
                                    167,028.75       Total Receipts

Disbursements
                                    (57,088.21)      Credit Card Processor Fees

                                     (1,307.06)      Credit Card Chargebacks

                                    ----------
                                    (58,395.27)      Total Disbursements

Closing Balance - 31 Mar 02
                                    162,406.21



16-Apr-02                   Receipts & Disbursements              Attachment 2-6
 5:23 PM                  The Delta Queen Steamboat Co.
R&D - LaSalle                Case No: 01-10970 (EIK)                   UNAUDITED
DQSC Escrow                          LaSalle
                                   DQSC Escrow
                            Account # - 62-8930-70-3
                            1 March 02 - 31 March 02

                                               
Opening Balance - 1 Mar 02

                                    250,712.50

Receipts

                                    248,954.53       From The Delta Queen Steamboat Company - Hibernia -
                                                      DQ Master Cash Account (812-395-335)

                                        210.29       Interest Income

                                    ----------
                                    249,164.82       Total Receipts

Disbursements

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

Closing Balance - 31 Mar 02

                                    499,877.32



AMCV US SET OF BOOKS                                 Date: 19-APR-02 08:27:41
INCOME STATEMENT - ATTACHMENT 4                      Page:   1
Current Period: MAR-02

currency USD
Company=20 (DELTA QUEEN STEAM CO)



                                                          PTD-Actual
                                                          31-Mar-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                                  1,306.00
Sales & Marketing                                               0.00
Start-Up Costs                                                  0.00
                                                         -----------
Total SG&A Expenses                                         1,306.00

                                                         -----------
EBITDA                                                     (1,306.00)

Depreciation                                               41,145.00

                                                         -----------
Operating Income                                          (42,451.00)

Other Expense/(Income)
Interest Income                                                 0.00
Equity in Earnings for Sub                               (709,494.51)
Reorganization expenses                                    13,703.55
Other expense                                              (5,179.02)
                                                         -----------
Total Other Expense/(Income)                              718,019.04

                                                         -----------
Net Pretax Income/(Loss)                                 (760,470.04)

Income Tax Expense                                              0.00
                                                         -----------
Net Income/(Loss)                                        (760,470.04)
                                                         ===========


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:25
BALANCE SHEET - ATTACHMENT 5                            Page:   1
Current Period: MAR-2

currency USD
Company=20 (DELTA QUEEN STEAM CO)



                                       YTD-Actual        YTD-Actual
                                       31-Mar-02         22-Oct-02
                                     -------------     -------------
                                                 
ASSETS
Cash and Equivalent                     506,872.93      2,494,983.63

Restricted Cash                               0.00              0.00

Accounts Receivable                   2,225,828.23              0.00

Inventories                             638,824.91        840,779.06

Prepaid Expenses                              0.00         13,147.33

Other Current Assets                          0.00              0.00

                                     -------------     -------------
Total Current Assets                  3,371,526.07      3,348,910.02


Fixed Assets                          7,971,277.75      8,202,345.75

Accumulated Depreciation             (5,406,616.56)    (5,195,800.16)

                                     -------------     -------------
Net Fixed Assets                      2,564,661.19      3,006,545.59


Net Goodwill                                  0.00              0.00

Intercompany Due To/From             37,643,033.69     37,437,552.28

Net Deferred Financing Fees                   0.00          5,434.15

Net Investment in Subsidiaries       31,053,137.36     33,999,708.26

                                     -------------     -------------
Total Other Assets                   68,696,171.05     71,442,694.69

                                     -------------     -------------
Total Assets                         74,632,358.31     77,798,150.30
                                     =============     =============


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:25
BALANCE SHEET - ATTACHMENT 5                            Page:   2
Current Period: MAR-2

currency USD
Company=20 (DELTA QUEEN STEAM CO)



                                          YTD-Actual        YTD-Actual
                                          31-Mar-02         22-Oct-02
                                        -------------      ------------
                                                    
LIABILITIES

Accounts Payable                                 0.00              0.00

Accrued Liabilities                          6,660.89              0.00

Deposits                                         0.00              0.00

                                        -------------      ------------
Total Current Liabilities                    6,660.89              0.00


Long Term Debt                                   0.00              0.00

Other Long Term Liabilities              9,993,779.93      9,993,779.93

                                        -------------      ------------
Total Liabilities                       10,000,440.82      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'l Paid In Capital                   33,564,332.71     33,564,332.71

Current Net Income (Loss)               (2,301,446.38)    (2,866,520.92)

Retained Earnings                       32,790,195.48     36,527,722.90

                                        -------------      ------------
Total Owner's Equity                    64,054,081.81     67,226,534.69

                                        -------------      ------------
Total Liabilities & Equity              74,632,358.31     77,798,150.30
                                        =============      ============


The Delta Queen Steamboat Co.     ATTACHMENT 6                     01-10970(JCA)
                    Summary List of Due To/Due From Accounts
                       For the Month Ended March 31, 2002



                                                             BEGINNING                                           ENDING
AFFILIATE NAME                           CASE ID #           BALANCE             DEBITS         CREDITS          BALANCE
                                         ---------        --------------      ------------    ------------    --------------
                                                                                               
American Classic Voyages Co.              01-10954         (6,325,037.83)         5,400.41        7,575.57     (6,327,212.99)
AMCV Cruise Operations, Inc.              01-10967        102,975,538.81      1,480,958.72    2,250,423.38    102,206,074.15
Great AQ Steamboat, L.L.C                 01-10960        (17,101,370.49)       150,351.23       39,922.57    (16,990,941.83)
Great Pacific NW Cruise Line, L.L.C       01-10977         (8,436,809.68)        32,092.21        9,483.86     (8,414,201.33)
Great River Cruise Line, L.L.C            01-10963         (6,833,173.43)       237,313.06      208,919.57     (6,804,779.94)
Great Ocean Cruise Line, L.L.C            01-10959        (14,935,686.13)       170,017.90    1,693,478.13    (16,459,146.36)
Cruise America Travel, Incorporated       01-10966            252,135.90         24,580.96        4,631.02        272,085.84
Delta Queen Coastal Voyages, L.L.C        01-10964           (901,471.80)       450,000.00       15,558.57       (467,030.37)
Cape Cod Light, L.L.C                     01-10962         (1,436,292.11)        67,562.32       35,329.58     (1,404,059.37)
Cape May Light, L.L.C                     01-10961         (8,466,448.11)        67,562.32       32,232.74     (8,431,118.53)
Project America, Inc.                     N/A              (2,935,356.03)            --              --        (2,935,356.03)
Oceanic Ship Co.                          N/A                (136,810.43)            --              --          (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          2,214,633.49             --              --         2,214,633.49
Great Hawaiian Cruise Line, Inc.          01-10975                381.00             --              --               381.00
Great Hawaiian Properties Corporation     01-10971          1,247,073.77             --              --         1,247,073.77
American Hawaii Properties Corporation    01-10976             43,550.29             --              --            43,550.29
Great Independence Ship Co.               01-10969            (83,084.83)            --              --           (83,084.83)
CAT II, Inc.                              01-10968               (100.00)            --              --              (100.00)
                                                          --------------      ------------    ------------    --------------
                                                           39,254,749.55      2,685,839.13    4,297,554.99     37,643,033.69
                                                          ==============      ============    ============    ==============


                        The Delta Queen Steamboat Company
                                 01-10970 (EIK)




                            Accounts Receivable Aging
                              As of March 31, 2002





                                  Attachment 7


                                 Not Applicable

                        The Delta Queen Steamboat Company
                                 01-10970 (EIK)




                             Accounts Payable Detail
                              As of March 31, 2002





                                  Attachment 8


                                 Not Applicable

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

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

                                  ATTACHMENT 9
                     NOTES TO MARCH 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 been performed internally.


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.       An accounts receivable aging is not provided herein as all monies are
         held in escrow by the credit card processor until completion of the
         voyage for which the monies have been provided.

EX-99.14

                                                                   EXHIBIT 99.16


DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION         CASE NUMBER: 01-10971(EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 PROPERTIES CORPORATION         CASE NUMBER: 01-10971(EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March Monthly Operating Report

 16-Apr-02                                                          Attachment 1
 8:34 PM
Summary                                                                UNAUDITED
Great Hawaiian Properties Corp

                     Summary Of Bank And Investment Accounts
                      Great Hawaiian Properties Corporation
                             Case No: 01-10971 (EIK)
                            For Month Of March, 2002





                                           Balances
                                ------------------------------    Receipts &       Bank
                                   Opening          Closing       Disbursements    Statements       Account
Account                         As Of 3/01/02    As Of 3/31/02    Included         Included         Reconciled
- -------                         -------------    -------------    --------         --------         ----------
                                                                                     
AHC - Honolulu Disbursements             0.00             0.00    No -             No -             No -
Bank One                                                          Account          Account          Account
Account # - 552-0110649303                                        Closed           Closed           Closed

AHC - Mainland Credit Cards              0.00           900.00    Yes              No - Not         Yes
Bank One                                                                           Concentration
Account # - 552-0110521579                                                         Account

AHC - Mainland Disbursements             0.00             0.00    No -             No -             No -
Bank One                                                          Account          Account          Account
Account # - 552-0110673395                                        Closed           Closed           Closed

AHC - Mainland Payroll                   0.00             0.00    No -             No -             No -
Bank One                                                          Account          Account          Account
Account # - 552-0110673387                                        Closed           Closed           Closed

AHC - Master Cash                        0.00             0.00    No -             No -             No -
Bank One                                                          Account          Account          Account
Account # - 552-0110673360                                        Closed           Closed           Closed

AHC - Honolulu Credit Cards              0.00             0.00    No -             No -             No -
Bank One                                                          Account          Account          Account
Account # - 552-0110572580                                        Closed           Closed           Closed

Great Hawaiian Prop Corp                 0.00             0.00    No -             No -             No -
Goldman Sachs & Co.                                               Account          Account          Account
Account # - 020-33478-5                                           Closed           Closed           Closed


 16-Apr-02                                                        Attachment 2-1
 8:36 PM
R&D - Bank One                                                         UNAUDITED
AHC Mainland Credit Cards

                            Receipts & Disbursements
                      Great Hawaiian Properties Corporation
                             Case No: 01-10971 (EIK)
                                    Bank One
                            AHC Mainland Credit Cards
                           Account # - 552-0110521579
                            1 March 02 - 31 March 02



                                     
Opening Balance - 1 Mar 02
                                0.00


Receipts

                              900.00       Chargeback Reversals




                            --------
                              900.00       Total Receipts


Disbursements








                            --------
                                0.00       Total Disbursements



Closing Balance - 31 Mar 02
                              900.00



 16-Apr-02                                                          Attachment 3
 8:35 PM
Summary
Great Hawaiian Properties Corp
Attach 3

                  Concentration & Investment Account Statements
                      Great Hawaiian Properties Corporation
                             Case No: 01-10971 (EIK)
                            For Month Of March, 2002




          No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS                  Date: 19-APR-02 08:27:42
INCOME STATEMENT - ATTACHMENT 4       Page: 1
Current Period: MAR-02

currency USD
Company=51 (AHC - OPERATIONS)


                                      PTD-Actual
                                       31-Mar-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
Start-Up 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               319,206.74
Other expense                            (900.00)
                                      ----------
Total Other Expense/(Income)          318,306.74

                                      ----------
Net Pretax Income/(Loss)              (318,306.74)

Income Tax Expense                          0.00

                                      ----------
Net Income/(Loss)                     (318,306.74)
                                      ==========


AMCV US SET OF BOOKS                   Date: 18-APR-02 17:04:30
BALANCE SHEET - ATTACHMENT 5           Page: 1
Current Period: MAR-2

currency USD
Company=51 (AHC - OPERATIONS)


                                         YTD-Actual         YTD-Actual
                                          31-Mar-02          22-Oct-01
                                       --------------     --------------
                                                    
ASSETS

Cash and Equivalent                            900.00         665,214.37

Restricted Cash                                  0.00               0.00

Accounts Receivable                              0.00               0.00

Inventories                                      0.00          36,560.78

Prepaid Expenses                                 0.00           1,609.00

Other Current Assets                             0.00               0.00

                                       --------------     --------------
Total Current Assets                           900.00         703,384.15


Fixed Assets                                     0.00       1,992,727.87

Accumulated Depreciation                         0.00      (1,687,090.91)

                                       --------------     --------------
Net Fixed Assets                                 0.00         305,636.96


Net Goodwill                                     0.00               0.00

Intercompany Due To/From                21,009,706.76      20,319,892.39

Net Deferred Financing Fees                      0.00               0.00

Net Investment in Subsidiaries                   0.00               0.00

                                       --------------     --------------
Total Other Assets                      21,009,706.76      20,319,892.39

                                       --------------     --------------
Total Assets                            21,010,606.76      21,328,913.50
                                       ==============     ==============


AMCV US SET OF BOOKS                   Date: 18-APR-02 17:04:30
BALANCE SHEET - ATTACHMENT 5           Page: 2
Current Period: MAR-2

currency USD
Company=51 (AHC - OPERATIONS)


                                         YTD-Actual         YTD-Actual
                                          31-Mar-02          22-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'l Paid In Capital                   83,336,732.73      83,336,732.73

Current Net Income (Loss)                 (318,306.74)       (516,397.64)

Retained Earnings                      (46,832,657.88)    (46,316,260.24)

                                       --------------     --------------
Total Owner's Equity                    36,195,208.36      36,513,515.10

                                       --------------     --------------
Total Liabilities & Equity              21,010,606.76      21,328,913.50
                                       ==============     ==============


Great Hawaiian Properties Corporation                              01-10971(JCA)

                                  ATTACHMENT 6
                     Summary List of Due To/Due From Accounts
                       For the Month Ended March 31, 2002






                                                           BEGINNING                                   ENDING
AFFILIATE NAME                             CASE ID#         BALANCE          DEBITS     CREDITS        BALANCE
                                                                                    
American Classic Voyages Co.               01-10954      51,110,970.59         --           --      51,110,970.59
AMCV Cruise Operations, Inc.               01-10967       6,116,875.06         --           --       6,116,875.06
The Delta Queen Steamboat Co.              01-10970      (1,247,073.77)        --           --      (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           (3,007,602.48)        --           --      (3,007,602.48)
Oceanic Ship Co.                           N/A             (345,917.07)        --           --        (345,917.07)
Ocean Development Co.                      01-10972         780,707.24         --           --         780,707.24
Great Hawaiian Cruise Line, Inc.           01-10975      (3,620,821.03)    21,385.30        --      (3,599,435.73)
American Hawaii Properties Corporation     01-10976         (62,430.01)        --           --         (62,430.01)
Great Independence Ship Co.                01-10969     (28,898,393.97)        --           --     (28,898,393.97)
CAT II, Inc.                               01-10968             570.94         --           --             570.94
                                                       -----------------------------------------------------------
                                                         20,988,321.46     21,385.30        --      21,009,706.76
                                                       ===========================================================


                      Great Hawaiian Properties Corporation
                                 01-10971 (EIK)




                            Accounts Receivable Aging
                              As of March 31, 2002







                                  Attachment 7


                                 Not Applicable

                      Great Hawaiian Properties Corporation
                                 01-10971 (EIK)




                             Accounts Payable Detail
                              As of March 31, 2002







                                  Attachment 8


                                 Not Applicable

DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION        CASE NUMBER: 01-10971 (JCA)

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

                                  ATTACHMENT 9
                     NOTES TO MARCH 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.    Proceeds of the auctions have been reconciled and the resulting loss on
      disposition has been recorded.

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
                       FOR THE MONTH ENDED MARCH 31, 2002








In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that Ocean Development 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-99.16

                                                                   EXHIBIT 99.16


DEBTOR: AMCV HOLDINGS, INC.                           CASE NUMBER: 01-10973(EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March 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 HOLDINGS, INC.                           CASE NUMBER: 01-10973(EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March Monthly Operating Report

 16-Apr-02                                                          Attachment 1
 8:46 PM
Summary                                                                UNAUDITED
AMCV Holdings, Inc.

                     Summary Of Bank And Investment Accounts
                               AMCV Holdings, Inc.
                             Case No: 01-10973 (EIK)
                            For Month Of March, 2002






                                    Balances
                         ------------------------------    Receipts &       Bank
                             Opening          Closing      Disbursements    Statements    Account
Account                  As Of 3/01/02    As Of 3/31/02    Included         Included      Reconciled
- -------                  -------------    -------------    --------         --------      ----------
                                                                           
No Bank Or Investment           NA              NA             NA               NA            NA
Accounts


 16-Apr-02                                                          Attachment 2
 8:47 PM
Summary
AMCV Holdings, Inc.
Attach 2

                            Receipts & Disbursements
                               AMCV Holdings, Inc.
                             Case No: 01-10973 (EIK)
                            For Month Of March, 2002




       No Receipts Or Disbursements Due To No Bank Or Investment Accounts

 16-Apr-02                                                          Attachment 3
 8:47 PM
Summary
AMCV Holdings, Inc.
Attach 2

                  Concentration & Investment Account Statements
                               AMCV Holdings, Inc.
                             Case No: 01-10973 (EIK)
                            For Month Of March, 2002




          No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS                     Date: 19-APR-02 08:27:45
INCOME STATEMENT - ATTACHMENT 4          Page: 1
Current Period: MAR-02

currency USD
Company=12 (AMCV - HOLDINGS)


                                           PTD-Actual
                                            31-Mar-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
Start-Up 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                (2,589,026.83)
Reorganization expenses                            0.00
                                         --------------
Total Other Expense/(Income)               2,589,026.83

                                         --------------
Net Pretax Income/(Loss)                  (2,589,026.83)

Income Tax Expense                                 0.00

                                         --------------
Net Income/(Loss)                         (2,589,026.83)
                                         ==============


AMCV US SET OF BOOKS                     Date: 18-APR-02 17:04:31
BALANCE SHEET - ATTACHMENT 5             Page: 1
Current Period: MAR-2

currency USD
Company=12 (AMCV - HOLDINGS)


                                           YTD-Actual         YTD-Actual
                                            31-Mar-02          22-Oct-01
                                         --------------     --------------
                                                      
ASSETS

Cash and Equivalent                                0.00               0.00

Restricted Cash                                    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            (2,672,645.75)       (918,077.34)

                                         --------------     --------------
Total Other Assets                        (2,672,645.75)       (918,077.34)

                                         --------------     --------------
Total Assets                              (2,672,645.75)       (918,077.34)
                                         ==============     ==============


AMCV US SET OF BOOKS                     Date: 18-APR-02 17:04:31
BALANCE SHEET - ATTACHMENT 5             Page: 2
Current Period: MAR-2

currency USD
Company=12 (AMCV - HOLDINGS)


                                           YTD-Actual         YTD-Actual
                                            31-Mar-02          22-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'l Paid In Capital                     79,208,059.85      79,208,059.85

Current Net Income (Loss)                 (2,486,855.30)    (13,500,663.21)

Retained Earnings                        (79,403,290.55)    (66,634,914.23)

                                         --------------     --------------
Total Owner's Equity                      (2,672,645.75)       (918,077.34)

                                         --------------     --------------
Total Liabilities & Equity                (2,672,645.75)       (918,077.34)
                                         ==============     ==============


AMCV Holdings, Co.                                                01-10973 (JCA)

                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                       For the Month Ended March 31, 2002




                                                    BEGINNING                                   ENDING
AFFILIATE NAME                        CASE ID#       BALANCE        DEBITS       CREDITS        BALANCE
                                                                               
AMCV Cruise Operations, Inc.          01-10967       9,601.84     628,493.06      8,241.77     629,853.13
Project America, Inc.                 N/A           (4,869.20)      3,286.49    446,908.20    (448,490.91)
Great Hawaiian Cruise Line, Inc.      01-10975      (4,732.64)     17,828.84    194,458.42    (181,362.22)
                                                   -------------------------------------------------------
                                                           --     649,608.39    649,608.39             --
                                                   =======================================================


                               AMCV Holdings, Inc.
                                 01-10973 (EIK)




                            Accounts Receivable Aging
                              As of March 31, 2002







                                  Attachment 7


                                 Not Applicable

                               AMCV Holdings, Inc.
                                 01-10973 (EIK)




                             Accounts Payable Detail
                              As of March 31, 2002







                                  Attachment 8


                                 Not Applicable

DEBTOR: AMCV HOLDINGS, INC.                           CASE NUMBER: 01-10973(JCA)

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


                                  ATTACHMENT 9
                     NOTES TO MARCH 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 MARCH 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 March 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:  DQSB II, INC.                              CASE NUMBER:  01-10974 (EIK)

                            MONTHLY OPERATING REPORT
                              AS OF MARCH 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 March Monthly Operating Report



16-Apr-02                      Summary Of Bank And Investment Accounts                                Attachment 1
10:56 PM                                  DQSB II, Inc.
Summary                               Case No: 01-10974 (EIK)                                           UNAUDITED
DQSB II, Inc.                      For Month Of March, 2002

                                  Balances
                              ------------------------------        Receipts &           Bank
                                  Opening          Closing         Disbursements       Statements        Account
Account                       As Of 3/01/02    As Of 3/31/02        Included            Included        Reconciled
- -------                       -------------    -------------       -------------       ----------       ----------
                                                                                         
No Bank Or Investment                NA               NA                NA                  NA              NA
Accounts




16-Apr-02                            Receipts & Disbursements                          Attachment 2
10:58 PM                                 DQSB II, Inc.
Summary                              Case No: 01-10974 (EIK)
DQSB II, Inc.                        For Month Of March, 2002
Attach 2
                                                                                 


              No Receipts Or Disbursements Due To No Bank Or Investment Accounts




16-Apr-02                   Concentration & Investment Account Statements              Attachment 3
10:57 PM                               DQSB II, Inc.
Summary                          Case No: 01-10974 (EIK)
DQSB II, Inc.                   For Month Of March, 2002
Attach 3
                                                                                 

              No Statements Due To No Concentration Or Investment Accounts



AMCV US SET OF BOOKS                              Date: 19-APR-02 08:27:45
INCOME STATEMENT - ATTACHMENT 4                   Page:   1
Current Period: MAR-02

currency USD
Company=60 (DELTA QUEEN SC II)


                                                    PTD-Actual
                                                    31-Mar-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                                456.00
Sales & Marketing                                           0.00
Start-Up Costs                                              0.00
                                                  ---------------
Total SG&A Expenses                                       456.00
                                                  ---------------
EBITDA                                                   (456.00)

Depreciation                                                0.00
                                                  ---------------
Operating Income                                         (456.00)

Other Expense/(Income)
Interest Income                                             0.00
Equity in Earnings for Sub                             (8,739.44)
Reorganization expenses                                     0.00
                                                  ---------------
Total Other Expense/(Income)                            8,739.44
                                                  ---------------
Net Pretax Income/(Loss)                               (9,195.44)

Income Tax Expense                                          0.00
                                                  ---------------
Net Income/(Loss)                                      (9,195.44)
                                                  ===============


AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:04:35
BALANCE SHEET - ATTACHMENT 5                           Page:   1
Current Period: MAR-2

currency USD
Company=60 (DELTA QUEEN SC II)


                                              YTD-Actual     YTD-Actual
                                               31-Mar-02      22-Oct-01
                                             ------------   ------------
ASSETS

                                                     
Cash and Equivalent                               0.00           0.00

Restricted Cash                                   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                    (21,817.32)    (21,361.32)

Net Deferred Financing Fees                       0.00           0.00

Net Investment in Subsidiaries              138,672.08     178,552.30
                                            --------------------------
Total Other Assets                          116,854.76     157,190.98
                                            --------------------------
Total Assets                                116,854.76     157,190.98
                                            ==========================


AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:04:35
BALANCE SHEET - ATTACHMENT 5                           Page:   2
Current Period: MAR-2

currency USD
Company=60 (DELTA QUEEN SC II)


                                             YTD-Actual     YTD-Actual
                                              31-Mar-02      22-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'l Paid In Capital                       600,000.00     600,000.00

Current Net Income (Loss)                   (24,780.55)   (181,334.98)

Retained Earnings                          (453,459.86)   (256,569.21)
                                           ---------------------------
Total Owner's Equity                        121,759.59     162,095.81

                                           ---------------------------
Total Liabilities & Equity                  116,854.76     157,190.98
                                           ===========================




DQSB II, INC.                                                             ATTACHMENT 6                         01-10974 (JCA)
                                                       Summary List of Due To/Due From Accounts
                                                         For the Month Ended March 31, 2002

                                                               BEGINNING                                           ENDING
AFFILIATE NAME                                  CASE ID #       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)            -            456.00          (1,650.40)
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)            -            456.00         (21,817.32)
                                                             ==============================================================


                                  DQSB II, Inc.
                                 01-10974 (EIK)

                            Accounts Receivable Aging
                              As of March 31, 2002

                                  Attachment 7

                                 Not Applicable

                                 DQSB II, Inc.
                                 01-10974 (EIK)

                             Accounts Payable Detail
                              As of March 31, 2002

                                  Attachment 8

                                 Not Applicable

DEBTOR:  DQSB II, INC.                              CASE NUMBER:  01-10974 (JCA)

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

                                  ATTACHMENT 9
                     NOTES TO MARCH 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 MARCH 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 March 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 MARCH 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 March Monthly Operating Report









16-Apr-02                            Summary Of Bank And Investment Accounts                            Attachment 1
10:59 PM                                 Great Hawaiian Cruise Line, Inc.
Summary                                      Case No: 01-10975 (EIK)                                     UNAUDITED
Great Hawaiian Cruise Line, Inc.            For Month Of March, 2002

                                     Balances
                                 -----------------------------     Receipts &          Bank
                                     Opening          Closing      Disbursements       Statements          Account
Account                          As Of 3/01/02    As Of 3/31/02    Included            Included            Reconciled
- -------                          -------------    -------------    -------------       ----------          ----------
                                                                                            
No Bank Or Investment                   NA               NA            NA                  NA                  NA
Accounts











16-Apr-02                                    Receipts & Disbursements                                   Attachment 2
11:00 PM                                 Great Hawaiian Cruise Line, Inc.
Summary                                      Case No: 01-10975 (EIK)
Great Hawaiian Cruise Line                   For Month Of March, 2002
Attach 2
                                                                                                  

              No Receipts Or Disbursements Due To No Bank Or Investment Accounts











16-Apr-02                               Concentration & Investment Account Statements                   Attachment 3
11:01 PM                                     Great Hawaiian Cruise Line, Inc.
Summary                                           Case No: 01-10975 (EIK)
Great Hawaiian Cruise Line                        For Month Of March, 2002
Attach 3
                                                                                                  

              No Statements Due To No Concentration Or Investment Accounts










AMCV US SET OF BOOKS                                Date: 19-APR-02 08:27:48
INCOME STATEMENT - ATTACHMENT 4                     Page:   1
Current Period: MAR-02

currency USD
Company=50 (GREAT HAWAII CRUISE LN)


                                                         PTD-Actual
                                                          31-Mar-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
Start-Up 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                             (1,903,829.94)
Reorganization expenses                                         0.00
                                                    -----------------
Total Other Expense/(Income)                            1,903,829.94
                                                    -----------------
Net Pretax Income/(Loss)                               (1,903,829.94)

Income Tax Expense                                              0.00
                                                    -----------------
Net Income/(Loss)                                      (1,903,829.94)
                                                    =================











AMCV US SET OF BOOKS                               Date: 18-APR-02 17:04:35
BALANCE SHEET - ATTACHMENT 5                       Page:   1
Current Period: MAR-2

currency USD
Company=50 (GREAT HAWAII CRUISE LN)


                                                YTD-Actual        YTD-Actual
                                                31-Mar-02          22-Oct-01
                                            ---------------     ------------
                                                       
ASSETS

Cash and Equivalent                                 0.00              0.00

Restricted Cash                                     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                  (24,600,692.37)   (24,608,201.70)

Net Deferred Financing Fees                         0.00              0.00

Net Investment in Subsidiaries             40,594,246.79     41,532,108.18

                                         ----------------------------------
Total Other Assets                         15,993,554.42     16,923,906.48
                                         ----------------------------------
Total Assets                               15,993,554.42     16,923,906.48
                                         ==================================







AMCV US SET OF BOOKS                                Date: 18-APR-02 17:04:35
BALANCE SHEET - ATTACHMENT 5                        Page:   2
Current Period: MAR-2

currency USD
Company=50 (GREAT HAWAII CRUISE LN)


                                         YTD-Actual           YTD-Actual
                                         31-Mar-02             22-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'l Paid In Capital                 76,531,536.87     76,531,536.87

Current Net Income (Loss)             (1,801,595.22)   (11,777,334.92)

Retained Earnings                    (56,928,596.53)   (46,022,504.77)
                                     ---------------------------------
Total Owner's Equity                  17,809,785.37     18,740,137.43
                                     ---------------------------------
Total Liabilities & Equity            15,993,554.42     16,923,906.48
                                     =================================










Great Hawaiian Cruise Line, Inc.                                              ATTACHEMENT 6                           01-10975 (JCA)
                                                                  Summary List of Due To/Due From Accounts
                                                                      For the Month Ended March 31, 2002

                                                               BEGINNING                                               ENDING
AFFILIATE NAME                                  CASE ID #      BALANCE             DEBITS           CREDITS            BALANCE
                                                                                                    
American Classic Voyages Co.                    01-10954     (3,599,725.67)               -                 -        (3,599,725.67)
AMCV Holdings, Inc.                             01-10973          4,732.64       194,458.42         17,828.84           181,362.22
AMCV Cruise Operations, Inc.                    01-10967         96,655.80                -                 -            96,655.80
The Delta Queen Steamboat Co.                   01-10970           (381.00)               -                 -              (381.00)
Oceanic Ship Co.                                N/A              (1,803.12)               -                 -            (1,803.12)
Great Hawaiian Properties Corporation           01-10971      3,620,821.03                -         21,385.30         3,599,435.73
American Hawaii Properties Corporation          01-10976        (56,709.53)       34,258.86        154,744.70          (177,195.37)
Great Independence Ship Co.                     01-10969    (24,664,282.52)        4,616.79         39,375.23       (24,699,040.96)
                                                             ----------------------------------------------------------------------
                                                            (24,600,692.37)      233,334.07        233,334.07       (24,600,692.37)
                                                             ======================================================================










                        Great Hawaiian Cruise Line, Inc.
                                 01-10975 (EIK)

                            Accounts Receivable Aging
                              As of March 31, 2002

                                  Attachment 7

                                 Not Applicable






                        Great Hawaiian Cruise Line, Inc.
                                 01-10975 (EIK)

                             Accounts Payable Detail
                              As of March 31, 2002

                                  Attachment 8

                                 Not Applicable






DEBTOR:  GREAT HAWAIIAN CRUISE LINE, INC.           CASE NUMBER:  01-10975 (JCA)

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

                                  ATTACHMENT 9
                     NOTES TO MARCH 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 MARCH 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 March 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 MARCH 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 March Monthly Operating Report





                                                                                 
16-Apr-02                  Summary Of Bank, Investment & Petty Cash Accounts            Attachment 1
11:02 PM                         American Hawaii Properties Corporation

Summary                            Case No: 01-10976 (EIK)                                 UNAUDITED

American Hawaii Properties          For Month Of March, 2002
Corp





                                Balances
                  ------------------------------------          Receipts &            Bank
                        Opening               Closing           Disbursements         Statements      Account
Account           As Of 3/01/02          As Of 3/31/02          Included              Included        Reconciled
- -------           -------------          -------------          --------              --------        ----------
                                                                                       
AHC -- Honolulu            0.00                   0.00          No -                  No -            No -
 Payroll                                                        Account               Account         Account
Bank One                                                        Closed                Closed          Closed
Account#
 -- 552-0110673379

American Hawaii            0.00                   0.00          No -                  No -            No -
 Pro DBA                                                        Account               Account         Account
Bank of Hawaii                                                  Closed                Closed          Closed
Account#
 -- 0001-037773

Honolulu Office            0.00                   0.00          No -                  Not A Bank      No -
Petty Cash                                                      No Activity           Account         No Activity




16-Apr-02                     Receipts & Disbursements             Attachment 2

11:57 PM                    American Hawaii Properties Corp

Summary                      Case No: 01-10976 (EIK)

American Hawaii              For Month Of March, 2002
Properties Corp

Attach 2


              No Receipts Or Disbursements Due To All Accounts Closed



 16-Apr-02          Concentration & Investment Account Statements   Attachment 3
 11:04 PM                 American Hawaii Properties Corp

Summary                      Case No: 01-10976 (EIK)
American Hawaii             For Month Of March, 2002
Properties Corp
Attach 3


              No Statements Due To No Concentration Or Investment Accounts




AMCV US SET OF BOOKS                                    Date: 19-APR-02 08:27:48
INCOME STATEMENT - ATTACHMENT 4                         Page:   1
Current Period: MAR-02

currency USD
Company=52 (AHC - HONOLULU OFFICE)



                                                       PTD-Actual
                                                       31-Mar-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                               (22,785.95)
Sales & Marketing                                              0.00
Start-Up Costs                                                 0.00
                                                   -----------------
Total SG&A Expenses                                      (22,785.95)

                                                   -----------------
EBITDA                                                    22,785.95

Depreciation                                                   0.00

                                                   -----------------
Operating Income                                          22,785.95

Other Expense/(Income)
Interest Income                                                0.00
Equity in Earnings for Sub                                     0.00
Reorganization expenses                                1,463,337.47
                                                   -----------------
Total Other Expense/(Income)                           1,463,337.47

                                                   -----------------
Net Pretax Income/(Loss)                              (1,440,551.52)

Income Tax Expense                                             0.00
                                                   -----------------
Net Income/(Loss)                                     (1,440,551.52)
                                                   =================




AMCV US SET OF BOOKS                                   Date: 18-APR-02 17:04:40
BALANCE SHEET - ATTACHMENT 5                           Page:   1
Current Period: MAR-2

currency USD
Company=52 (AHC - HONOLULU OFFICE)




                                             YTD-Actual             YTD-Actual
                                             31-Mar-02               22-Oct-01
                                            ------------          ------------
                                                          
ASSETS

Cash and Equivalent                                 0.00            175,430.72

Restricted Cash                                     0.00                  0.00

Accounts Receivable                                 0.00              1,334.40

Inventories                                         0.00          1,214,962.00

Prepaid Expenses                                    0.00              7,240.63

Other Current Assets                                0.00                  0.00
                                            ------------          ------------
Total Current Assets                                0.00          1,398,967.75


Fixed Assets                                        0.00          1,553,888.60

Accumulated Depreciation                            0.00           (591,442.88)
                                            ------------          ------------
Net Fixed Assets                                    0.00            962,445.72


Net Goodwill                                        0.00                  0.00

Intercompany Due To/From                    (2,980,226.70)        (3,743,572.98)

Net Deferred Financing Fees                         0.00                  0.00

Net Investment in Subsidiaries                      0.00                  0.00
                                            ------------          ------------
Total Other Assets                          (2,980,226.70)        (3,743,572.98)
                                            ------------          ------------
Total Assets                                (2,980,226.70)        (1,382,159.51)
                                            ============          =============



AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:40
BALANCE SHEET - ATTACHMENT 5                            Page:   2
Current Period: MAR-2

currency USD
Company=52 (AHC - HONOLULU OFFICE)


                                              YTD-Actual       YTD-Actual
                                              31-Mar-02        22-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                                       1,000.00          1,000.00

Add'l Paid In Capital                                  0.00              0.00

Current Net Income (Loss)                      (1,444,219.43)    (1,383,800.96)

Retained Earnings                              (1,537,007.27)          641.45

                                               ------------      ------------
Total Owner's Equity                           (2,980,226.70)    (1,382,159.51)

                                               ------------      ------------
Total Liabilities & Equity                     (2,980,226.70)    (1,382,159.51)
                                               ============      ============



American Hawaii Properties Corporation                            01-10976 (JCA)

                                  ATTACHMENT 6
                    Summary List of Due To/Due From Accounts
                       For the Month Ended March 31, 2002



                                                                   BEGINNING                                          ENDING
AFFILIATE NAME                                  CASE ID #           BALANCE             DEBITS         CREDITS       BALANCE

                                                                                                 
American Classic Voyages Co.                    01-10954        (2,484,165.74)            --              --      (2,484,165.74)
AMCV Cruise Operations, Inc.                    01-10967        (5,190,295.02)            --            45.00     (5,190,340.02)
The Delta Queen Steamboat Co.                   01-10970           (43,550.29)             --              --        (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            56,709.53     154,744.70        34,258.86        177,195.37
Great Hawaiian Properties Corporation           01-10971            62,430.01              --              --         62,430.01
Great Independence Ship Co.                     01-10969          (542,250.76)             --              --       (542,250.76)
CAT II, Inc.                                    01-10968            (3,675.11)             --              --         (3,675.11)
                                                                ---------------------------------------------------------------
                                                                (3,100,667.54)    154,744.70        34,303.86     (2,980,226.70)
                                                                ===============================================================




                     American Hawaii Properties Corporation

                                 01-10976 (EIK)


                            Accounts Receivable Aging

                              As of March 31, 2002


                                  Attachment 7

                                 Not Applicable





                     American Hawaii Properties Corporation

                                 01-10976 (EIK)


                             Accounts Payable Detail

                              As of March 31, 2002


                                  Attachment 8

                                 Not Applicable





DEBTOR:  AMERICAN HAWAII PROPERTIES CORPORATION     CASE NUMBER:  01-10976 (JCA)

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

                                  ATTACHMENT 9
                     NOTES TO MARCH 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.       Proceeds of the auctions have been reconciled and the resulting loss on
         disposition has been recorded.

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 MARCH 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 March 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 MARCH 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 March Monthly Operating Report

16-Apr-02        Summary Of Bank, Investment & Petty Cash Accounts  Attachment 1
11:04 PM               Great Pacific NW Cruise Line, L.L.C.
Summary                       Case No: 01-10977 (EIK)                  UNAUDITED
Great Pacific NW             For Month Of March, 2002
 Cruise Line, LLC



                                                    Balances
                                   ----------------------------------      Receipts &             Bank
                                         Opening             Closing       Disbursements          Statements       Account
Account                            As Of 3/01/02        As Of 3/31/02      Included               Included         Reconciled

                                                                                                    
Great Pacific NW Cruise Line                  0.00              0.00       No -                   No -             No -
Payroll                                                                    Account                Account          Account
U.S. Bank                                                                  Closed                 Closed           Closed
Account # - 153390417191

Great Pacific NW Cruise Line                  0.00              0.00       No -                   No -             No -
Steamer                                                                    Account                Account          Account
U.S. Bank                                                                  Closed                 Closed           Closed
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


16-Apr-02                   Receipts & Disbursements                Attachment 2
11:06 PM               Great Pacific NW Cruise Line, L.L.C.
Summary                    Case No: 01-10977 (EIK)
Great Pacific NW           For Month Of March, 2002
Cruise Line, LLC
Attach 3


              No Receipts Or Disbursements Due To All Accounts Closed

16-Apr-02            Concentration & Investment Account Statements  Attachment 3
11:05 PM                Great Pacific NW Cruise Line, L.L.C.
Summary                      Case No: 01-10977 (EIK)
Great Pacific                For Month Of March, 2002
 NW Cruise Line, LLC
Attach 3


              No Statements Due To No Concentration Or Investment Accounts

AMCV US SET OF BOOKS                              Date: 19-APR-02 08:27:51
INCOME STATEMENT - ATTACHMENT 4                   Page:   1
Current Period: MAR-02

currency USD
Company=24 (COLUMBIA QUEEN)



                                                   PTD-Actual
                                                    31-Mar-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                                    (2,801.06)
Vessel Expenses                                       12,952.32
Layup/Drydock Expense                                      0.00
Vessel Insurance                                      32,771.17
                                                  --------------
Total Operating Expenses                              42,922.43
                                                  --------------
Gross Profit                                         (42,922.43)

SG&A Expenses
Sales & Marketing                                          0.00
Start-Up Costs                                             0.00
                                                  --------------
Total SG&A Expenses                                        0.00
                                                  --------------
EBITDA                                               (42,922.43)

Depreciation                                               0.00
                                                  --------------
Operating Income                                     (42,922.43)

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)                             (51,935.57)

Income Tax Expense                                         0.00
                                                  --------------
Net Income/(Loss)                                    (51,935.57)
                                                  ==============


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:42
BALANCE SHEET - ATTACHMENT 5                            Page:   1
Current Period: MAR-2

currency USD
Company=24 (COLUMBIA QUEEN)



                                                YTD-Actual        YTD-Actual
                                                 31-Mar-02         22-Oct-01
                                              ---------------    ------------
ASSETS

                                                            
Cash and Equivalent                                       0.00         31,623.21

Restricted Cash                                           0.00              0.00

Accounts Receivable                                   2,632.21         11,425.61

Inventories                                         173,958.61        199,562.38

Prepaid Expenses                                          0.00          2,800.00

Other Current Assets                                      0.00              0.00

                                             ------------------------------------
Total Current Assets                                176,590.82        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                        (10,074,113.50)    (9,983,225.62)

Net Deferred Financing Fees                       2,496,640.50      2,545,011.02

Net Investment in Subsidiaries                            0.00              0.00

                                             ------------------------------------
Total Other Assets                               (7,577,473.00)    (7,438,214.60)

                                             ------------------------------------
Total Assets                                     35,822,408.27     36,030,487.05
                                             ====================================


AMCV US SET OF BOOKS                                    Date: 18-APR-02 17:04:42
BALANCE SHEET - ATTACHMENT 5                            Page:   2
Current Period: MAR-2

currency USD
Company=24 (COLUMBIA QUEEN)



                                                YTD-Actual        YTD-Actual
                                                 31-Mar-02         22-Oct-01
                                              ---------------    ------------
LIABILITIES

                                                            
Accounts Payable                                        235.00            180.00

Accrued Liabilities                                 330,022.43        331,444.68

Deposits                                                  0.00              0.00

                                             ------------------------------------
Total Current Liabilities                           330,257.43        331,624.68


Long Term Debt                                            0.00              0.00

Other Long Term Liabilities                               0.00              0.00

                                             ------------------------------------
Total Liabilities                                   330,257.43        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'l Paid In Capital                                     0.00              0.00

Current Net Income (Loss)                          (111,258.15)        18,578.51

Retained Earnings                                (2,184,905.81)    (2,112,530.78)

                                             ------------------------------------
Total Owner's Equity                             (2,296,163.96)    (2,093,952.27)

                                             ------------------------------------
Total Liabilities & Equity                       35,822,408.27     36,030,487.05
                                             ====================================


Great Pacific                    ATTACHMENT 6                     01-10977 (JCA)
  NW Cruise Line, LLC  Summary List of Due To/Due From Accounts
                       For the Month Ended March 31, 2002




                                                           BEGINNING                                                 ENDING
AFFILIATE NAME                            CASE ID #        BALANCE             DEBITS           CREDITS            BALANCE
                                                                                                
American Classic Voyages Co.              01-10954      15,487,540.41                -                 -        15,487,540.41
AMCV Cruise Operations, Inc.              01-10967      (9,405,617.36)               -         15,126.18        (9,420,743.54)
The Delta Queen Steamboat Co.             01-10970       8,436,809.68         9,483.86         32,092.21         8,414,201.33
DQSB II, 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)
                                                       -----------------------------------------------------------------------
                                                       (10,036,378.97)        9,483.86         47,218.39       (10,074,113.50)
                                                       =======================================================================


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                                                                      2,632.21            2,632.21
American Express Credit Card Processor                                                                                          --
Discover Credit Card Processor                                                                                                  --
Diners Credit Card Processor                                                                                                    --
Travel Agents                                                                                                                   --

                                               ------------------------------------------------------------------------------------
Total                                                --                 --                --          2,632.21            2,632.21
                                               ====================================================================================









                                                                   ATTACHMENT #7

                                 COLUMBIA QUEEN
                                AP-STEAMER CHECKS

                               24-000-221300-00000

                                    MARCH-02



OUTSTANDING CHECKS:

                                                                      
                            1566 K Tinnin (American Express)             180.00
                            1611 Charles Saporiti                         55.00
                                                                      ----------
                            TOTAL PER G/L:                               235.00
                                                                      ==========





                            ATTACHMENT # 8

DEBTOR:  GREAT PACIFIC NW CRUISE LINE, L.L.C.       CASE NUMBER:  01-10977 (JCA)


                      PRELIMINARY MONTHLY OPERATING REPORT
                              AS OF MARCH 31, 2002

                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                     NOTES TO MARCH 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. An evaluation of fuel inventory pricing has been
         performed and carrying values have been adjusted accordingly. 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.       Deferred financing costs represent costs incurred in connection with
         placing prepetition 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.       The Debtor has been unable to negotiate acceptable contract terms with
         credit card processors other than its primary processor, Paymentech.
         Accordingly, the

DEBTOR:  GREAT PACIFIC NW CRUISE LINE, L.L.C.       CASE NUMBER:  01-10977 (JCA)

                      PRELIMINARY MONTHLY OPERATING REPORT
                              AS OF MARCH 31, 2002

                                       AND
                            FOR THE MONTH THEN ENDED

                                  ATTACHMENT 9
                     NOTES TO MARCH MONTHLY OPERATING REPORT

         Debtor has written off prepetition receivables which cannot be
         processed for collection.