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IN RE DREXEL BURNHAM LAMBERT GROUP, INC.

No. 90B-10421 (HCB).

118 B.R. 209 (1990)

In re The DREXEL BURNHAM LAMBERT GROUP, INC., Debtor.

United States Bankruptcy Court, S.D. New York.

June 14, 1990.

Attorney(s) appearing for the Case

Ropes & Gray by Steven T. Hoort, Boston, Mass., for Liquidators of Drexel Burnham Lambert Finance Ltd.

Harold Jones, U.S. Trustee, New York City.

Jones Day Reavis & Pogue by Cindy Tzerman, New York City, for Official Creditors Committee.

Securities & Exchange Com'n by Richard A. Kirby, Joseph H. Harrington, Washington, D.C.

HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

C.T.E. Hayward and I.G. Watt, joint liquidators (the "Liquidators) of Drexel Burnham Lambert Finance Ltd., seek an order, pursuant to 11 U.S.C. § 1102 (1986), directing the United States Trustee to appoint them to the Official Committee of Unsecured Creditors (the "Committee"). The motion is opposed by the United States Trustee (the "U.S. Trustee") and the Committee.

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