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IN RE ALLEGHENY INTERN., INC.

Bankruptcy No. 88-448, Motion Nos. 88-1405M, 88-1723M.

93 B.R. 907 (1988)

In re ALLEGHENY INTERNATIONAL, INC., Sunbeam Corporation, Sunbeam Holdings, Inc., Almet/Lawnlite, Inc., and Chemetron Corporation, Debtors.

United States Bankruptcy Court, W.D. Pennsylvania.

October 26, 1988.

Attorney(s) appearing for the Case

M. Bruce McCullough, Buchanan Ingersoll, P.C., Pittsburgh, Pa., for debtors.

Thomas M. Zwilling, Strassburger McKenna Gutnick & Potter, Pittsburgh, Pa., James Gadsden, Carter, Ledyard & Milburn, New York City, for U.S. Trust Co.

Paul A. Manion, Manion, McDonough & Lucas, P.C., Pittsburgh, Pa., Alan P. Solow, Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz, Ltd., Chicago, Ill., for First Nat. Bank of Chicago.

MEMORANDUM OPINION

JOSEPH L. COSETTI, Chief Judge.

Two matters are presently before the Court. The First National Bank of Chicago ("First Chicago")1 and United States Trust Company of New York ("U.S. Trust") both have filed a Motion to Obtain Security in Accordance with Terms of Indenture. Both motions are denied.

First Chicago is the trustee under an indenture, dated February...

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