EX-99.81 91 a2042579zex-99_81.txt EXHIBIT 99.81 -------------------------------------------------------------------------------- OFFICE OF THE UNITED STATES TRUSTEE -------------------------------------------------------------------------------- IN RE: ) DEBTOR IN POSSESSION OPERATING REPORT ) BUSINESS INSURANCE GROUP ) REPORT NUMBER 6 Page 1 of 3 ) FOR THE PERIOD FROM: 01-Sep-00 DEBTOR ) TO: 30-Sep-00 ___________________________________) _________________________________________ CHAPTER 11 CASE NO. SV00-14101-GM ) ___________________________________ 1. Profit and Loss Statement Please see Attached Schedule A A. Related to Business Operations: Gross Sales _____________ Less Sales Returns and Discounts _____________ Net Sales ____________ Less: Cost of Goods Sold Beginning Inventory at Cost _____________ Add: Purchases _____________ Less: Ending Inventory at Cost _____________ Cost of Goods Sold _____________ Gross Profit ____________ Other Operating Revenue (Specify) ____________ Less: Operating Expenses Officer Compensation _____________ Salaries & Wages - Other Employees _____________ Total Salaries & Wages _____________ Employee Benefits _____________ Payroll Taxes _____________ Real Estate Taxes _____________ Federal and State Income Taxes _____________ Total Taxes _____________ Rent and Lease Exp. (Real and Personal Property) _____________ Interest Expense (Mortgage, Loan, etc.) _____________ Insurance _____________ Automobile Expense _____________ Utilities (Gas, Electric, Water, Telephone, etc.) _____________ Depreciation and Amortization _____________ Repairs and Maintenance _____________ Advertising _____________ Supplies, Office Expenses, Photocopies, etc. _____________ Bad Debts _____________ Miscellaneous Operating Expenses (Specify) _____________ Total Operating Expenses _____________ Net Gain/(Loss) from Business Operations ____________ B. Not Related to Business Operations ____________ Income: Interest Income _____________ Other Non-Operating Revenues (Specify) _____________ Gross Proceeds on Sales of Assets _____________ Less: Original Cost of Assets plus Expenses of Sale _____________ Net Gain/(Loss) on Sale of Assets _____________ Total Non-Operating Income ____________ Expenses Not Related to Business Operations: Legal and Professional Fees _____________ Other Non-Operating Revenues (Specify) _____________ Total Non-Operating Income ____________ NET INCOME/(LOSS) FOR PERIOD ============
-------------------------------------------------------------------------------- Revised April 1989 OPERATING REPORT UST-4 -------------------------------------------------------------------------------- SCHEDULE A SNIG, BIG, SNIA and SNIS Schedule of Operations One Month ended September 30, 2000 [Bankruptcy filed April 26, 2000] [unaudited]
(In thousands) Consolidated SNIG BIG SNIA SNIS Elimination Total -------- -------- -------- -------- ------------- -------- Revenues: Commission income $ -- $ -- $ 314 $ 836 $ -- $ 1,150 Net investment income 49 32 3 275 -- 359 -------- -------- -------- -------- -------- -------- Total Revenues 49 32 317 1,111 -- 1,509 -------- -------- -------- -------- -------- -------- Expenses: Interest expense 1,126 -- -- -- -- 1,126 Bad debt expense -- -- 6,260(A) 9,631(A) -- 15,891 General and administrative Other 347 798(B) 85 761 -- 1,991 -------- -------- -------- -------- -------- -------- Total Expenses 1,473 798 6,345 10,392 -- 19,008 -------- -------- -------- -------- -------- -------- Income (loss) before income taxes and preferred securities dividends and accretion (1,424) (766) (6,028) (9,281) -- (17,499) Income tax (benefit) expense -- -- -- -- -- -- -------- -------- -------- -------- -------- -------- Income (loss) before preferred securities dividends and accretion (1,424) (766) (6,028) (9,281) -- (17,499) Preferred securities dividends and accretion (998) -- -- -- -- (998) Expenses not related to business operations: Legal and Professional Fees (560) -- -- -- -- (560) Other non-operating expenses -- -- -- -- -- -- -------- -------- -------- -------- -------- -------- (2,982) (766) (6,028) (9,281) -- (19,057) Equity in net income (loss) from subsidiaries (16,051) (15,285) -- -- 31,360 24 -------- -------- -------- -------- -------- -------- Net (Loss) Income $(19,033) $(16,051) $ (6,028) $ (9,281) $ 31,360 $(19,033) ======== ======== ======== ======== ======== ========
(A) Amount reflects a recording of an allowance for bad debt on collection of commissions receivable. Debtor continues to assert rights of offset and other methods to effectuate collection. (B) Amount reflects a one-time recording of the full depreciation of Business Insurance Group, Inc.'s assets (i.e. furniture, fixtures & equipment, EDP software, and EDP equipment) on the account of the contemplated transfer of such assets pursuant to the Settlement Agreement entered into on 9/8/2000 between Superior National Insurance Group, Inc., Business Insurance Group, Inc., SN Insurance Services, Inc., SN Insurance Administrators, Inc., and the California Department of Insurance and certain affiliates of Kemper Insurance Group. -------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO. 6 -------------------------------------------------------------------------------- Page 2 of 3 2. Aging of Accounts Payable and Receivable (exclude pre-petition debt from accounts payable): ----------------------------------------- Accounts Payable Accounts Receivable ----------------------------------------- Current Under 30 days $0 $0 Overdue 31-60 days $0 $0 Overdue 61-90 days PLEASE SEE ATTACHED SCHEDULE B Overdue 91-120 days $0 $0 Overdue 121+ days $0 $0 Total $0 $0 ----------------------------------------- 3. Statement of Status of Payments to Secured Creditors and Lessors:
---------------------------------------------------------------------------------------------------- Post-Petition Frequency of Payments Not Made Payments per Amount of -------------------- Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ---------------------------------------------------------------------------------------------------- SEE ATTACHED SCHEDULE C ----------------------------------------------------------------------------------------------------
4. Tax Liability: Gross Payroll Expense For Period $0 Gross Sales for Period Subject to Sales Tax $0
----------------------------------------------------------- Post Petition Taxes Date Paid Amount Paid * Still Owing ----------------------------------------------------------- Federal Payroll and Withholding Taxes N/A $0 N/A State Payroll and Withholding Taxes N/A $0 N/A State Sales and Use Tax N/A $0 N/A Real Property Taxes N/A $0 N/A -----------------------------------------------------------
* Attach photocopies of depository receipts from taxing authority or financial institution to verify that such deposits or payments have been made. 5. Insurance Coverage
----------------------------------------------------------- Carrier/ Amount of Policy Premium Paid Agent Coverage Exp. Date Thru Date ----------------------------------------------------------- Worker's Compensation See Schedule D Liability See Schedule E Fire and Extended Coverage See Schedule E Property See Schedule E Theft See Schedule E Life (Beneficiary:_________________) See Schedule E Vehicle See Schedule E Other See Schedule E -----------------------------------------------------------
SCHEDULE B Superior National Insurance Group, Inc. in Bankruptcy Aging of Accounts Payable and Receivable As of September 30, 2000
Superior National Insurance Group -------------------------------------- ------------------------------------- Non-Intercompany Accounts Intercompany Accounts -------------------------------------- ------------------------------------- Accounts Payable Accounts Receivable Accounts Payable Accounts Receivable -------------------------------------- ------------------------------------- Current Under 30 days 1,282,532 286,657 -- -- Overdue 31-60 days 108,061 10,944 -- -- Overdue 61-90 days 81,162 50,000 -- -- Overdue 91-120 days 107,680 6,982 -- -- Overdue 121+ days 102,310 11,093 1 500,009 -------------------------------------- ------------------------------------- Total $ 1,681,746 $ 365,676[A] $ 1 $ 500,009 -------------------------------------- ------------------------------------- Business Insurance Group -------------------------------------- ------------------------------------- Non-Intercompany Accounts Intercompany Accounts -------------------------------------- ------------------------------------- Accounts Payable Accounts Receivable Accounts Payable Accounts Receivable -------------------------------------- ------------------------------------- Current Under 30 days -- -- -- -- Overdue 31-60 days -- -- -- -- Overdue 61-90 days -- -- -- -- Overdue 91-120 days 16,227 -- -- -- Overdue 121+ days 215 601,265 -- 14,963,854 -------------------------------------- ------------------------------------- Total $ 16,442 $ 601,265 $ -- $14,963,854 -------------------------------------- ------------------------------------- Superior National Insurance Services -------------------------------------- ------------------------------------- Non-Intercompany Accounts Intercompany Accounts -------------------------------------- ------------------------------------- Accounts Payable Accounts Receivable Accounts Payable Accounts Receivable -------------------------------------- ------------------------------------- Current Under 30 days 9,060,850 894,035 -- -- Overdue 31-60 days 145,759 1,186,309 -- -- Overdue 61-90 days 200,321 1,137,987 -- -- Overdue 91-120 days 248,405 860,784 -- 201,832 Overdue 121+ days 193,297 7,084,263 -- 455,792 -------------------------------------- ------------------------------------- Total $ 9,848,632 $11,163,378 [B] $ -- $ 657,624 -------------------------------------- ------------------------------------- Superior National Insurance Administrators -------------------------------------- ------------------------------------- Non-Intercompany Accounts Intercompany Accounts -------------------------------------- ------------------------------------- Accounts Payable Accounts Receivable Accounts Payable Accounts Receivable -------------------------------------- ------------------------------------- Current Under 30 days 1,280,660 316,421 -- -- Overdue 31-60 days 20,231 489,634 -- -- Overdue 61-90 days 61,702 530,627 -- -- Overdue 91-120 days 83,644 586,428 201,832 -- Overdue 121+ days 57,998 4,454,087 627,737 98,383 -------------------------------------- ------------------------------------- Total $ 1,504,235 $ 6,377,198 [C] $ 829,569 $ 98,383 -------------------------------------- ------------------------------------- Consolidated -------------------------------------- ------------------------------------- Non-Intercompany Accounts Intercompany Accounts -------------------------------------- ------------------------------------- Accounts Payable Accounts Receivable Accounts Payable Accounts Receivable -------------------------------------- ------------------------------------- Current Under 30 days 11,624,042 1,497,113 -- -- Overdue 31-60 days 274,051 1,686,887 -- -- Overdue 61-90 days 343,185 1,718,614 -- -- Overdue 91-120 days 455,956 1,454,194 201,832 201,832 Overdue 121+ days 353,820 12,150,709 627,739 16,018,038 -------------------------------------- ------------------------------------- Total $13,051,055 $18,507,517 $ 829,570 $16,219,870 -------------------------------------- -------------------------------------
[A] Amounts in accounts payable due not include interest due and accrued on bank loan and Trust Preferred Securities. [B] Amounts shown in accounts receivable do not include recorded amounts on allowance for bad debt on collection of commissions receivable, in which the Debtor continues to assert rights of offset and other methods to effectuate collection. [C] Amounts shown in accounts receivable do not include recorded amounts on allowance for bad debt on collection of claims administration fee, in which the Debtor continues to assert rights of offset and other methods to effectuate collection. SCHEDULE C SEPTEMBER 30, 2000 SNIG 3. Statement of Status of Payments to Secured Creditors and Lessors:
------------------------------------------------------------------------------------------------------------------------------------ Post-Petition Frequency of Payments Not Made Payments per Amount of --------------------------- Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ------------------------------------------------------------------------------------------------------------------------------------ BancBoston Leasing Inc. / Fleet Capital Leasing Monthly $235,337.00 10/01/2000 None $ -- Citizens Leasing Corporation Monthly See BIG's schedule for details Dell Financial Services Monthly $ 8,931.85 10/20/2000 None $ -- IKON Office Solutions Inc. / IOS Capital Monthly $ 1,395.65 10/23/00, 10/15/00 1 $ 1,395.65 Neopost Monthly $ 858.80 9/29/2000, 10/10/00 None $ -- Neopost Quarterly $ 167.07 12/24/2000 None $ -- Pitney Bowes Credit Corp. Monthly $ 4,810.67 10/10/00, 10/20/00, 10/1/00 None $ -- Pitney Bowes Credit Corp. Quarterly $ 7,394.15 12/10/00, 11/10/00 None $ -- Sharp Electronics Credit Co. Monthly $ 699.04 10/01/2000 None $ -- Stringer business Systems Inc. Monthly $ 2,163.51* 10/01/2000 None $ -- 10/24/00, 10/6/00, 10/11/00 Toshiba America Information Sys. Monthly $ 8,170.39 10/1/00, 10/18/00 1 $ 5,601.48 Kilroy Realty Corp. Monthly $153,583.82 10/01/2000 None $ -- Tiger Ventura County / c/o Sares-Regis Group Monthly $ 16,795.17 10/01/2000 1 $ 16,795.17 Equity Office Properties (Chicago, IL) Monthly $ 20,026.42 10/01/2000 1 $ 20,026.42 Berniston Tower, Inc. / PM Realty Advisor Monthly $ 5,343.67 10/01/2000 1 $ 5,343.67 Trizec Kahn Properties Monthly $226,076.40 10/01/2000 None $ -- Bettman Real Estate Management Monthly $ 1,932.33 10/01/2000 See Note A MCLT LDB-7 Landmark Square Monthly $ 1,024.85 10/01/2000 1 $ 1,024.85 Insignia ESG Inc. - Biltmore Co. Monthly $ 12,437.51 10/01/2000 1 $ 12,437.51 Equity Office Properties (Texas) Monthly $ 3,942.39 10/01/2000 1 $ 3,942.39 ------------------------------------------------------------------------------------------------------------------------------------
Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries. * Monthly payment is based on number of copies made for the previous month, therefore payment varies each month. Note A: Amount of payments not made are unknown at this time based on information provided by the Conserved Companies. It is currently being researched. BIG 3. Statement of Status of Payments to Secured Creditors and Lessors:
------------------------------------------------------------------------------------------------------------------------------------ Post-Petition Frequency of Payments Not Made Payments per Amount of --------------------------- Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ------------------------------------------------------------------------------------------------------------------------------------ Citizens Leasing Corporation Monthly $ 206,798.28 10/01/2000 None $ -- Dell Financial Services Monthly 52,321.29 10/15/2000 1 $ 5,326.13 Principal Management Corporation / GCI CAPITAL, INC. Monthly 30,827.28 10/01/2000 None $ -- Mack Cali Realty / 500 Columbia Tpk Assoc., LLC Monthly 9,245.77 10/01/2000 1 $ 9,245.77 Transwestern CG Partner LLP / c/o Transwestern Property Co. Monthly 5,908.75 10/01/2000 1 $ 5,908.75 SP Environmental Systems / Union Pacific Railroad Co. Monthly 12,465.16 10/01/2000 1 $ 12,465.16 Kaiser-Francis Oil Company / c/o Realty Operating Company Monthly 3,778.00 10/01/2000 1 $ 3,778.00 Zodiac Development Monthly 9,454.31 10/01/2000 1 $ 9,454.31 Koger Realty Services Inc. (Brentwood, TN) Monthly 2,418.60 10/01/2000 See Note A Koger Realty Services Inc. (San Diego, CA) Monthly 26,600.89 10/01/2000 1 $ 26,600.89 Prospect Park 29 NTL Income Realty / c/o PCS Realty Advisors Monthly 65,255.36 10/01/2000 None $ -- Colonial Property Trust Monthly 5,433.98 10/01/2000 See Note A Fults Realty Corporation Monthly 15,362.95 10/01/2000 See Note A Woodland III Holding, LLC / c/o Wasatch Property Management Monthly 12,940.15 10/01/2000 See Note A ------------------------------------------------------------------------------------------------------------------------------------
Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries. Note A: Amount of payments not made are unknown at this time based on information provided by the Conserved Companies. It is currently being researched. SNIA 3. Statement of Status of Payments to Secured Creditors and Lessors:
------------------------------------------------------------------------------------------------------------------------------------ Post-Petition Frequency of Payments Not Made Payments per Amount of --------------------------- Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ------------------------------------------------------------------------------------------------------------------------------------ NONE ------------------------------------------------------------------------------------------------------------------------------------
Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries. SNIS 3. Statement of Status of Payments to Secured Creditors and Lessors:
------------------------------------------------------------------------------------------------------------------------------------ Post-Petition Frequency of Payments Not Made Payments per Amount of --------------------------- Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ------------------------------------------------------------------------------------------------------------------------------------ NONE ------------------------------------------------------------------------------------------------------------------------------------
Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries. Superior National Insurance Group, Inc. in Bankruptcy SCHEDULE D Debtor in Possession Operating Report No. 6 Insurance Coverage - 5 As of September 30, 2000
----------------------------------------------------------------------------------------------------------------------------- Amount of Policy Premium Paid State Carrier Agent Coverage Exp. Date Thru Date ----------------------------------------------------------------------------------------------------------------------------- Arizona Liberty Mutual Group Di Buduo & De Fendis I Statutory 12-Jul-01 12-Jul-01 Arkansas Liberty Mutual Group Di Buduo & De Fendis I Statutory 12-Jul-01 12-Jul-01 California State Compensation Insurance Fund Di Buduo & De Fendis I Statutory 01-Jun-01 30-Sep-00 Colorado Pinnacol Assurance Di Buduo & De Fendis I Statutory 01-Jun-01 01-Jun-01 Florida Florida W/C Joint Underwriting Association, Inc. Di Buduo & De Fendis I Statutory 09-Jun-01 30-Sep-00 Georgia Liberty Mutual Group Di Buduo & De Fendis I Statutory 12-Jul-01 12-Jul-01 Illinois Liberty Mutual Group Di Buduo & De Fendis I Statutory 12-Jul-01 12-Jul-01 Indiana Liberty Mutual Group Di Buduo & De Fendis I Statutory 13-Jul-01 13-Jul-01 Kansas Travelers Insurance Di Buduo & De Fendis I Statutory 11-Aug-01 11-Aug-01 Company Louisiana Louisiana W/C Corporation Di Buduo & De Fendis I Statutory 31-May-01 30-Sep-00 Missouri Travelers Property & Casualty Di Buduo & De Fendis I Statutory 02-Jun-01 02-Jun-01 New Jersey Granite State Insurance Company Di Buduo & De Fendis I Statutory 02-Jun-01 30-Sep-00 New Mexico New Mexico Mutual Casualty Co. Di Buduo & De Fendis I Statutory 03-Jun-01 30-Sep-00 New York The State Insurance Fund (N.Y.) Di Buduo & De Fendis I Statutory 02-Jun-01 02-Jun-01 Oklahoma State Insurance Fund Di Buduo & De Fendis I Statutory 01-Jul-01 01-Jul-01 Oregon Liberty Northwest Insurance Corporation Di Buduo & De Fendis I Statutory 01-Jul-01 30-Sep-00 Pennsylvania State Workrmen's Insurance Fund Di Buduo & De Fendis I Statutory 03-Jun-01 03-Jun-01 Tennessee The Cincinnati Insurance Companies Di Buduo & De Fendis I Statutory 02-Jun-01 30-Sep-00 Texas Texas W/C Insurance Fund Di Buduo & De Fendis I Statutory 18-Jul-01 01-Jun-01 Utah Workers' Compensation Fund of Utah Di Buduo & De Fendis I Statutory 03-Jun-01 03-Jun-01 Wisconsin Tri-State Insurance Company of Minnesota Di Buduo & De Fendis I Statutory 03-Jun-01 03-Jun-01
Note: Within all of the policies identified above the following entities are covered for Workers' Compensation: SNIG, BIG, SNIA and SNIS. September 30, 2000 Schedule E
Policy Exp. Premium paid Company Agent Type of Insurance Amount of Coverage Date thru date ------- ----- ----------------- ------------------ ----------- ----------- SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Commercial General Liability Package General Liability $1 million per occurrence 11/01/2000 10/01/2000 $2 million aggregate Renewed on 11/1/00 thru 11/1/01 Advertising Injury $1 million Employee Benefit Liability $1 million per claim $2 million aggregate SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Automobile Liability $1 million 11/01/2000 10/01/2000 Medical $5,000 Renewed on 11/1/00 thru 11/1/01 Uninsured Motorist $500,000 Physical Damage Actual value less $500 deductible SNIG, BIG, SNIS, & SNIA Carpenter Moore Directors & Officers (run-off) Reliance $5,000,000 05/01/2003 05/01/2003 Lloyd's of London $5,000,000 xs $5,000,000 Gulf Insurance Company $10,000,000 xs $10,000,000 Executive Risk Indemnity $10,000,000 xs $20,000,000 Philadelphia Indemnity $10,000,000 xs $30,000,000 SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Employer Practice Liability $1 million per loss 12/10/2000 12/10/2000 & in the aggregate SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Fiduciary Liability $5 million per loss 12/10/2000 12/10/2000 & in the aggregate SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Commercial Umbrella $20 million per occurrence 11/01/2000 10/01/2000 $20 million aggregate Renewed on 11/1/00 thru 11/1/01 SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Excess Liability $10 million per occurrence 11/01/2000 10/01/2000 $10 million aggregate Renewed on 11/1/00 thru 11/1/01 SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Difference in Condition $10 million per occurrence 01/22/2001 01/22/2001 $10 million aggregate *$25,000 deductible, minimum and 5% of total insurable property SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Difference in Condition Excess $10 million 01/22/2001 01/22/2001 SNIG, BIG, SNIS, & SNIA DiBudio & DeFendis Accident Policy (Life/Travel) $1 million to $3 million 01/15/2001 01/15/2001 (depends on rank of officer) BIG only DiBudio & DeFendis Professional Liability Run Off $10 million per loss 12/10/2004 12/10/2004 BIG companies only/acts b/f & in the aggregate 12-10-99 * $500,000 deductible SNIG only DiBudio & DeFendis Professional Liability Run Off $10 million per loss 12/10/2000 12/10/2000 SNIG companies only/acts b/f & in the aggregate 12-10-99
-------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO. 6 -------------------------------------------------------------------------------- Page 3 of 3 6. Questions: A. Has the Debtor provided to any officers, directors, shareholders, or other principals compensation without the approval of the Office of the United States Trustee? ______: Yes Explain: ______________________________________ ___X__: No B. Has the Debtor, subsequent to the filing of the petition made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? ______: Yes Explain: ______________________________________ ___X__: No 7. Statement of Unpaid Professional Fees (Post-Petition Only): ------------------------------------------------------------------- Type Post-Petition Name of Professional Professional Unpaid Total ------------------------------------------------------------------- Please See Attached Schedule F ------------------------------------------------------------------- 8. Narrative Report of Significant Events And Events Out Of The Ordinary Course Of Business: 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)
---------------------------------------------------------------------------------------------------------------- Quarterly Quarterly Disbursements Quarterly Quarterly Period Ending for Quarter Fee Date Paid Amount Paid Check No. Fee Still Owing ---------------------------------------------------------------------------------------------------------------- 09/30/2000 $250.00 $250.00 $ 0.00 $250.00 Note A ----------------------------------------------------------------------------------------------------------------
Note A - 3rd quarter trustee fee was paid on 11/4/00. I, Alex Corbett - Chief Financial Officer, declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated: 12-1-00 Signed: /s/ Alex Corbett ---------------- ------------------------- SCHEDULE F SEPTEMBER 30, 2000 SNIG, BIG, SNIS, SNIA
---------------------------------------------------------------------------------------------------------------------- Type Post-Petition Name of Professional Professional Unpaid Total* ---------------------------------------------------------------------------------------------------------------------- Quinn Emanuel Urquhart Oliver & Hedges LLP Special Litigation Counsel $670,119 Riordan & McKenzie Corporate Counsel $ 60,602 See Note A Christopher M. Maisel Access Facilitator $381,937 Paul, Weiss, Rifkind, Wharton & Garrison $ 62,562 Tillinghast-Towers, Perrin Actuaries $ 32,261 Latham & Watkins Counsel for Official Committee of Unsecured Creditors $224,351 ----------------------------------------------------------------------------------------------------------------------
* Unpaid amount is through 9/30/00, with the exception of Quinn Emanuel which is through 10/31/00. Note A - Fees have been paid through retainer, but have not been approved by the Bankruptcy Court.