LIMITED POWER OF ATTORNEY FOR
SECTION 16 REPORTING OBLIGATIONS


Know
all by these presents, that the undersigned hereby authorizes
David A.
Hollander of Tennenbaum Capital Partners, LLC, to execute for
and on behalf
of the undersigned, in the undersigned's individual
capacity, and on behalf
of Tennenbaum & Co., LLC ("TCO"), in the
undersigned's capacity as the
managing member of TCO. Schedules 13 and
Forms 3, 4 and 5, and any
amendments thereto, and cause such schedule(s)
or form(s) to be filed with
the United States Securities and Exchange
Commission pursuant to Section
13(d)-(g) or Section 16(a) of the
Securities exchange Act of 1934, as
amended. The undersigned hereby
grants to such attorney-in-fact full power
and authority to do and
perform any and every act and thing whatsoever
requisite, necessary, or
proper to be done in the exercise of any of the
rights and powers herein
granted, as fully to all intents and purposes as
the undersigned might or
could do if personally present, with full power of
substitution or
revocation, hereby ratifying and confirming all that such

attorney-in-fact shall lawfully do or cause to be done by virtue of this

power of attorney and the rights and powers herein granted.

This

Limited Power of Attorney shall remain in full force and effect until

revoked by the undersigned in a signed writing delivered to the foregoing

attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused
this
Limited Power of Attorney to be executed as of this 22nd day of
April,
2003.

/s/ Michael E. Tennenbaum

____________________________________

MICHAEL E. TENNENBAUM


STATE OF CALIFORNIA    )
	   )ss.
ACKNOWLEDGMENT
COUNTY OF LOS
ANGELES	   )

    I, Alice M. Carter, a
Notary Public in and for
said County and State, hereby certify that Michael
E. Tennenbaum, whose
name is signed to the foregoing LIMITED POWER OF
ATTORNEY, and who is
known to me, acknowledged before me on this day, that
being informed of
the contents thereof, he voluntarily executed the same on
the day of its
date.

    Given under my hand and official seal of
office on this
22nd day of April, 2003.

/s/ Alice Carter


__________________________________________________

Notary Public
in
and for said
County and State

********************


Confirming
Statement
This Statement confirms that the undersigned,
Suzanne S.
Tennenbaum, has authorized and designated Michael E.
Tennenbaum to execute
and file on the undersigned's behalf all Forms 3, 4
and 5 (including any
amendments thereto) that the undersigned may be
required to file with the
U.S. Securities and Exchange Commission as a
result of the undersigned's
ownership of or transactions in securities of
Kaiser Group Holdings, Inc.
The authority of Michael E. Tennenbaum under
this Statement shall continue
until the undersigned is no longer required
to file Forms 3, 4 and 5 with
regard to her ownership of or transactions
in securities of Kaiser Group
Holdings, Inc., unless earlier revoked in
writing.  The undersigned
acknowledges that Michael E. Tennenbaum is not
assuming any of the
undersigned's responsibilities to comply with Section
16 of the Securities
Exchange Act of 1934, as amended.

Dated:
January 29, 2003


/s/Suzanne S. Tennenbaum