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Exhibit 25.1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

o    CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

A National Banking Association (Jurisdiction of incorporation or organization if not a U.S. national bank)	94-1347393 (I.R.S. Employer Identification No.)
101 North Phillips Avenue Sioux Falls, South Dakota (Address of principal executive offices)	57104 (Zip code)

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17^th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)

FOSTER WHEELER LLC⁽¹⁾
(Exact name of obligor as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)	22-3803814 (I.R.S. Employer Identification No.)
Perryville Corporate Park Clinton, New Jersey (Address of principal executive offices)	08809-4000 (Zip code)

10.5% Senior Secured Notes due 2011, Series A
(Title of the indenture securities)

(1)

See Table 1—List of additional obligors

Table 1

        Address of each of the Guarantors listed below is Perryville Corporate Park, Clinton, New Jersey 08809-4000.

	Subsidiary Guarantor	Jurisdiction of Incorporation	I.R.S. Employer Identification Number
1.	Continental Finance Company Ltd.	Bermuda	Not applicable
2.	Energy Holdings, Inc.	Delaware	32-0100498
3.	Equipment Consultants, Inc.	Delaware	22-1899985
4.	Financial Services S.a.r.l.	Luxembourg	Not applicable
5.	Foster Wheeler Holdings Ltd.	Bermuda	22-3814170
6.	Foster Wheeler Asia Limited	Delaware	22-2428000
7.	Foster Wheeler Capital & Finance Corporation	Delaware	22-3486371
8.	Foster Wheeler Constructors, Inc.	Delaware	22-2749540
9.	Foster Wheeler Development Corporation	Delaware	22-2109044
10.	FW Energie B.V.	Netherlands	Not applicable
11.	Foster Wheeler Energy Corporation	Delaware	22-2023682
12.	Foster Wheeler Energy Manufacturing, Inc.	Delaware	22-3293071
13.	Foster Wheeler Energy Services, Inc.	California	76-0271671
14.	Foster Wheeler Enviresponse, Inc.	Delaware	22-2574074
15.	Foster Wheeler Environmental Corporation	Texas	75-2512450
16.	Foster Wheeler Europe Limited	England	Not applicable
17.	Foster Wheeler Facilities Management, Inc.	Delaware	22-3144074
18.	Foster Wheeler Inc.	Delaware	22-3800664
19.	Foster Wheeler Intercontinental Corporation	Delaware	13-2884486
20.	Foster Wheeler International Corporation	Delaware	13-6152983
19.	Foster Wheeler International Holdings, Inc.	Delaware	22-3800663
20.	Foster Wheeler Middle East Corporation	Delaware	22-3229745
21.	Foster Wheeler North America Corp.	Delaware	22-3248302
22.	Foster Wheeler Power Corporation	Delaware	22-2180356
23.	Foster Wheeler Power Systems, Inc.	Delaware	22-2271893
24.	Foster Wheeler Pyropower, Inc.	New York	95-3565932
25.	Foster Wheeler Real Estate Development Corp.	Delaware	22-2571704
26.	Foster Wheeler Realty Services, Inc.	Delaware	22-3800667
27.	Foster Wheeler USA Corporation	Delaware	22-2023683
28.	Foster Wheeler Virgin Islands, Inc.	Delaware	22-3235076
29.	Foster Wheeler Zack, Inc.	Delaware	22-3388258
30.	FW Hungary Licensing Limited Liability Company	Hungary	12562895-2-18

31.	FW Mortshal, Inc.	Delaware	33-0383026
32.	HFM International, Inc.	Delaware	22-2933225
33.	PGI Holdings, Inc.	Delaware	32-0100496
34.	Process Consultants, Inc.	Delaware	22-1830450
35.	Pyropower Operating Services Company, Inc.	California	33-0249382
36.	Perryville III Trust	New York	Not applicable

        Item 1.    General Information.    Furnish the following information as to the trustee:

(a)

Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency
Treasury Department
Washington, D.C.

Federal Deposit Insurance Corporation
Washington, D.C.

Federal Reserve Bank of San Francisco
San Francisco, California 94120

(b)

Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.

        Item 2.    Affiliations with Obligor.    If the obligor is an affiliate of the trustee, describe each such affiliation.

        None with respect to the trustee.

        No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

        Item 15.    Foreign Trustee.    Not applicable.

        Item 16.    List of Exhibits.    List below all exhibits filed as a part of this Statement of Eligibility.

Exhibit

1.   A copy of the Articles of Association of the trustee now in effect.*



Exhibit

2.   A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**



Exhibit

3.   See Exhibit 2



Exhibit

4.   Copy of By-laws of the trustee as now in effect.***



Exhibit

5.   Not applicable.



Exhibit

6.   The consent of the trustee required by Section 321(b) of the Act.



Exhibit

7.   A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.****



Exhibit

8.   Not applicable.



Exhibit

9.   Not applicable.

*

Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

**

Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

***

Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

****

Wells Fargo Bank Minnesota, National Association was consolidated into Wells Fargo Bank, National Association effective February 20, 2004.

SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Minneapolis and State of Minnesota on the 23^rd day of April 2004.

WELLS FARGO BANK, NATIONAL ASSOCIATION

Jane Y. Schweiger
Vice President

EXHIBIT 6

April 23, 2004

Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Very truly yours,

WELLS FARGO BANK, NATIONAL ASSOCIATION

Jane Y. Schweiger
Vice President

Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank Minnesota, National Association
of Sixth Street and Marquette Avenue, Minneapolis, MN 55479
And Foreign and Domestic Subsidiaries,
at the close of business December 31, 2003, filed in accordance with 12 U.S.C. §161 for National Banks.

				Dollar Amounts In Millions
ASSETS
Cash and balances due from depository institutions:
	Noninterest-bearing balances and currency and coin			$	1,322
	Interest-bearing balances				127
Securities:
	Held-to-maturity securities				0
	Available-for-sale securities				2,568
Federal funds sold and securities purchased under agreements to resell:
	Federal funds sold in domestic offices				1,053
	Securities purchased under agreements to resell				0
Loans and lease financing receivables:
	Loans and leases held for sale				14,457
	Loans and leases, net of unearned income		27,715
	LESS: Allowance for loan and lease losses		284
	Loans and leases, net of unearned income and allowance				27,431
Trading Assets					49
Premises and fixed assets (including capitalized leases)					180
Other real estate owned					12
Investments in unconsolidated subsidiaries and associated companies					0
Customers' liability to this bank on acceptances outstanding					22
Intangible assets
	Goodwill				291
	Other intangible assets				9
Other assets					1,281
Total assets				$	48,802
LIABILITIES
Deposits:
	In domestic offices			$	29,890
		Noninterest-bearing	17,097
		Interest-bearing	12,793
	In foreign offices, Edge and Agreement subsidiaries, and IBFs				4
		Noninterest-bearing	0
		Interest-bearing	4
Federal funds purchased and securities sold under agreements to repurchase:
	Federal funds purchased in domestic offices				9,295
	Securities sold under agreements to repurchase				237
Trading liabilities					2
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)					4,543
Bank's liability on acceptances executed and outstanding					22
Subordinated notes and debentures					0
Other liabilities					973
Total liabilities				$	44,966
Minority interest in consolidated subsidiaries					0
EQUITY CAPITAL
Perpetual preferred stock and related surplus					0
Common stock					100
Surplus (exclude all surplus related to preferred stock)					2,134
Retained earnings					1,546
Accumulated other comprehensive income					56
Other equity capital components					0
Total equity capital					3,836
Total liabilities, minority interest, and equity capital				$	48,802

        I, Karen B. Martin, Vice President of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

Karen B. Martin
Vice President

        We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Jon R. Campbell
Marilyn A. Dahl
Gerald B. Stenson Directors

Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association
of 420 Montgomery Street, San Francisco, CA 94163
And Foreign and Domestic Subsidiaries,
at the close of business December 31, 2003, filed in accordance with 12 U.S.C. §161 for National Banks.

				Dollar Amounts In Millions
ASSETS
Cash and balances due from depository institutions:
	Noninterest-bearing balances and currency and coin			$	11,411
	Interest-bearing balances				3,845
Securities:
	Held-to-maturity securities				0
	Available-for-sale securities				17,052
Federal funds sold and securities purchased under agreements to resell:
	Federal funds sold in domestic offices				516
	Securities purchased under agreements to resell				109
Loans and lease financing receivables:
	Loans and leases held for sale				14,571
	Loans and leases, net of unearned income		172,511
	LESS: Allowance for loan and lease losses		1,554
	Loans and leases, net of unearned income and allowance				170,957
Trading Assets					6,255
Premises and fixed assets (including capitalized leases)					2,067
Other real estate owned					144
Investments in unconsolidated subsidiaries and associated companies					306
Customers' liability to this bank on acceptances outstanding					68
Intangible assets
	Goodwill				6,814
	Other intangible assets				7,501
Other assets					8,858
Total assets				$	250,474
LIABILITIES
Deposits:
	In domestic offices			$	157,695
		Noninterest-bearing	44,315
		Interest-bearing	113,380
	In foreign offices, Edge and Agreement subsidiaries, and IBFs				16,249
		Noninterest-bearing	6
		Interest-bearing	16,243
Federal funds purchased and securities sold under agreements to repurchase:
	Federal funds purchased in domestic offices				14,685
	Securities sold under agreements to repurchase				1,613
Trading liabilities					4,277
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)					18,212
Bank's liability on acceptances executed and outstanding					68
Subordinated notes and debentures					6,742
Other liabilities					7,358
Total liabilities				$	226,899
Minority interest in consolidated subsidiaries					60
EQUITY CAPITAL
Perpetual preferred stock and related surplus					0
Common stock					520
Surplus (exclude all surplus related to preferred stock)					17,709
Retained earnings					4,920
Accumulated other comprehensive income					366
Other equity capital components					0
Total equity capital					23,515
Total liabilities, minority interest, and equity capital				$	250,474

        I, James E. Hanson, Vice President of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

James E. Hanson
Vice President

        We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Carrie L. Tolstedt
Howard Atkins
John Stumpf Directors

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FORM T-1