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<SEC-DOCUMENT>0000950172-02-000100.txt : 20020413
<SEC-HEADER>0000950172-02-000100.hdr.sgml : 20020413
ACCESSION NUMBER:		0000950172-02-000100
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20020118
GROUP MEMBERS:		BRIAN J. HIGGINS
GROUP MEMBERS:		KING STREET ADVISORS, L.L.C.
GROUP MEMBERS:		KING STREET CAPITAL MANAGEMENT, L.L.C.
GROUP MEMBERS:		KING STREET CAPITAL, LTD.
GROUP MEMBERS:		O. FRANCIS BIONDI, JR.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTHERN CALIFORNIA EDISON CO
		CENTRAL INDEX KEY:			0000092103
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				951240335
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-12262
		FILM NUMBER:		2512633

	BUSINESS ADDRESS:	
		STREET 1:		2244 WALNUT GROVE AVE
		STREET 2:		P O BOX 800
		CITY:			ROSEMEAD
		STATE:			CA
		ZIP:			91770
		BUSINESS PHONE:		6263021212

	MAIL ADDRESS:	
		STREET 1:		2244 WALNUT GROVE AVE
		CITY:			ROSEMEAD
		STATE:			CA
		ZIP:			91770

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KING STREET CAPITAL LP /NY
		CENTRAL INDEX KEY:			0001048162
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				133812174
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1211

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		575 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2123504434

	MAIL ADDRESS:	
		STREET 1:		575 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>s387931.txt
<DESCRIPTION>SC 13D
<TEXT>

                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549
                                ____________

                                SCHEDULE 13D
                               (Rule 13d-101)

          INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
         TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                               RULE 13d-2(a)


                         Southern California Edison
- -------------------------------------------------------------------------------
                              (Name of Issuer)

                         4.08% Cumulative Preferred
- -------------------------------------------------------------------------------
                       (Title of Class of Securities)

                                 842400863
- -------------------------------------------------------------------------------
                               (CUSIP Number)

                             Cyrus A. Borzooyeh
                   King Street Capital Management, L.L.C.
                            575 Lexington Avenue
                                 7th Floor
                          New York, New York 10022

                         Telephone: (212) 350-4436
- -------------------------------------------------------------------------------
          (Name, Address and Telephone Number of Person Authorized
                   to Receive Notices and Communications)

                              January 10, 2001
- -------------------------------------------------------------------------------
          (Date of Event Which Requires Filing of This Statement)

         If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and
is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g),
check the following box o.

Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. Seess.240.13d-7 for
other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.


- -------------------------------------------------------------------------------
CUSIP No. 842400863             SCHEDULE 13D               Page 2 of 17 Pages
- -------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

              King Street Capital, LP
              13-3812174
- -------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a) /_/
                                                                 (b) /x/
- -------------------------------------------------------------------------------
3             SEC USE ONLY

- -------------------------------------------------------------------------------
4             SOURCE OF FUNDS

              OO
- -------------------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS         /_/
              REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

- -------------------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION

              DELAWARE
- -------------------------------------------------------------------------------
NUMBER OF                   7     SOLE VOTING POWER
SHARES
BENEFICIALLY                      0
OWNED BY                   ----------------------------------------------------
EACH                        8     SHARED VOTING POWER
REPORTING
PERSON                            81,120
WITH                       ----------------------------------------------------
                            9     SOLE DISPOSITIVE POWER

                                  0
                           ----------------------------------------------------
                           10     SHARED DISPOSITIVE POWER

                                  81,120
- -------------------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              81,120
- -------------------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
              SHARES          /_/

- -------------------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              8.1%
- -------------------------------------------------------------------------------
14            TYPE OF REPORTING PERSON

              PN
- -------------------------------------------------------------------------------



CUSIP No. 842400863               SCHEDULE 13D              Page 3 of 17 Pages
- -------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

              King Street Capital, Ltd.
- -------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) /_/
                                                                   (b) /x/
- -------------------------------------------------------------------------------
3             SEC USE ONLY

- -------------------------------------------------------------------------------
4             SOURCE OF FUNDS

              OO
- -------------------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS          /_/
              REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

- -------------------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION

              British Virgin Islands
- -------------------------------------------------------------------------------
NUMBER OF                   7     SOLE VOTING POWER
SHARES
BENEFICIALLY                      0
OWNED BY                   ----------------------------------------------------
EACH                        8     SHARED VOTING POWER
REPORTING
PERSON                            150,650
WITH                       ----------------------------------------------------
                            9     SOLE DISPOSITIVE POWER

                                  0
                           ----------------------------------------------------
                           10     SHARED DISPOSITIVE POWER

                                  150,650
- -------------------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              150,650
- -------------------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
              SHARES           /_/

- -------------------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              15.1%
- -------------------------------------------------------------------------------
14            TYPE OF REPORTING PERSON

              CO
- -------------------------------------------------------------------------------



CUSIP No. 842400863               SCHEDULE 13D              Page 4 of 17 Pages
- -------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

              King Street Advisors, L.L.C.
              13-3812173
- -------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP      (a) /_/
                                                                    (b) /x/
- -------------------------------------------------------------------------------
3             SEC USE ONLY

- -------------------------------------------------------------------------------
4             SOURCE OF FUNDS

              OO
- -------------------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS            /_/
              REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

- -------------------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION

              Delaware
- -------------------------------------------------------------------------------
NUMBER OF                   7     SOLE VOTING POWER
SHARES
BENEFICIALLY                      0
OWNED BY                   ----------------------------------------------------
EACH                        8     SHARED VOTING POWER
REPORTING
PERSON                            81,120
WITH                       ----------------------------------------------------
                            9     SOLE DISPOSITIVE POWER

                                  0
                           ----------------------------------------------------
                           10     SHARED DISPOSITIVE POWER

                                  81,120
- -------------------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              81,120
- -------------------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
              SHARES          /_/

- -------------------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              8.1%
- -------------------------------------------------------------------------------
14            TYPE OF REPORTING PERSON

              OO, IA
- -------------------------------------------------------------------------------



CUSIP No. 842400863             SCHEDULE 13D                Page 5 of 17 Pages
- -------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

              King Street Capital Management, L.L.C.
              13-3978904
- -------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) /_/
                                                                   (b) /x/
- -------------------------------------------------------------------------------
3             SEC USE ONLY

- -------------------------------------------------------------------------------
4             SOURCE OF FUNDS

              OO
- -------------------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS          /_/
              REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

- -------------------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION

              Delaware
- -------------------------------------------------------------------------------
NUMBER OF                   7     SOLE VOTING POWER
SHARES
BENEFICIALLY                      0
OWNED BY                   ----------------------------------------------------
EACH                        8     SHARED VOTING POWER
REPORTING
PERSON                            150,650
WITH                       ----------------------------------------------------
                            9     SOLE DISPOSITIVE POWER

                                  0
                           ----------------------------------------------------
                           10     SHARED DISPOSITIVE POWER

                                  150,650
- -------------------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              150,650
- -------------------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
              SHARES           /_/

- -------------------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              15.1%
- -------------------------------------------------------------------------------
14            TYPE OF REPORTING PERSON

              OO, IA
- -------------------------------------------------------------------------------



CUSIP No. 239545205                SCHEDULE 13D             Page 6 of 17 Pages
- -------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

              O. Francis Biondi, Jr.
- -------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) /_/
                                                                   (b) /x/
- -------------------------------------------------------------------------------
3             SEC USE ONLY

- -------------------------------------------------------------------------------
4             SOURCE OF FUNDS

              OO
- -------------------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS           /_/
              REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

- -------------------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION

              United States
- -------------------------------------------------------------------------------
NUMBER OF                   7     SOLE VOTING POWER
SHARES
BENEFICIALLY                      0
OWNED BY                   ----------------------------------------------------
EACH                        8     SHARED VOTING POWER
REPORTING
PERSON                            231,770
WITH                       ----------------------------------------------------
                            9     SOLE DISPOSITIVE POWER

                                  0
                           ----------------------------------------------------
                           10     SHARED DISPOSITIVE POWER

                                  231,770
- -------------------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              231,770
- -------------------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
              SHARES          /_/

- -------------------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              23.2 %
- -------------------------------------------------------------------------------
14            TYPE OF REPORTING PERSON

              IN
- -------------------------------------------------------------------------------



CUSIP No. 239545205              SCHEDULE 13D              Page 7 of 17 Pages
- -------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

              Brian J. Higgins
- -------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) /_/
                                                                   (b) /x/
- --------------------------------------------------------------------------------
3             SEC USE ONLY

- -------------------------------------------------------------------------------
4             SOURCE OF FUNDS

              OO
- -------------------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS            /_/
              REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

- -------------------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION

              United States
- -------------------------------------------------------------------------------
NUMBER OF                   7     SOLE VOTING POWER
SHARES
BENEFICIALLY                      0
OWNED BY                   ----------------------------------------------------
EACH                        8     SHARED VOTING POWER
REPORTING
PERSON                            231,770
WITH                       ----------------------------------------------------
                            9     SOLE DISPOSITIVE POWER

                                  0
                           ----------------------------------------------------
                           10     SHARED DISPOSITIVE POWER

                                  231,770
- -------------------------------------------------------------------------------
11
              AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              231,770
- -------------------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
              SHARES          /_/

- -------------------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              23.2 %
- -------------------------------------------------------------------------------
14            TYPE OF REPORTING PERSON

              IN
- -------------------------------------------------------------------------------



Item 1.   Security and Issuer.

         The class of securities to which this statement relates is the
4.08% cumulative preferred stock, par value $25.00 per share ("Preferred
Stock"), of Southern California Edison Company, a California corporation,
whose principal executive offices are located at 2244 Walnut Grove Avenue,
Rosemead, California 91770.

Item 2.   Identity and Background.

(a) - (c) This schedule is being jointly filed by King Street Capital,
L.P., a limited partnership organized under the laws of Delaware ("KSC
L.P."), King Street Capital Ltd, a corporation organized under the laws of
the British Virgin Islands ("KSC Ltd."), King Street Advisors, L.L.C., a
limited liability company organized under the laws of Delaware ("KSA"),
King Street Capital Management, L.L.C., a limited liability company
organized under the laws of the Delaware ("KSCM"), O. Francis Biondi, Jr.
and Brian J. Higgins. KSC LP, KSC Ltd., KSA, KSCM, Mr. Biondi and Mr.
Higgins are collectively referred to herein as the "Reporting Persons."

         Pursuant to the requirements of General Instruction C to Schedule
13D, information contained in this Schedule 13D is also provided for the
following persons:

              Ernest A. Morrison, a director of KSC Ltd.
              Keith R. Bish, a director of KSC Ltd.

King Street Capital, L.P.

         KSC L.P. is a Delaware limited partnership, the general partner of
which is King Street Advisors, L.L.C. KSC was formed to invest and trade in
securities. The principal business address of KSC L.P., which also serves
as its principal office, is 575 Lexington Avenue, 7th Floor, New York, New
York 10022.

King Street Capital, Ltd.

         KSC Ltd. is an International Business Company organized under the
laws of the British Virgin Islands. The directors of KSC Ltd. are Keith R.
Bish, Ernest A. Morrison and Brian J. Higgins. KSC Ltd. was formed to
invest and trade in securities. The principal business address of KSC Ltd.,
which also serves as its principal office, is c/o HWR Services, Craigmuir
Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands.

King Street Advisors, L.L.C.

         KSA is a Delaware limited liability company, the managing members
of which are Mr. Biondi and Mr. Higgins. Mr. Biondi and Mr. Higgins each
own a 50% interest of KSA. The principal business of KSA is to act as
general partner of, and to provide investment advice to and make investment
decisions on behalf of, KSC L.P. The principal business address of KSC
L.P., which also serves as its principal office, is 575 Lexington Avenue,
7th Floor, New York, New York 10022.

King Street Capital Management, L.L.C.

         KSCM is a Delaware limited liability company, the managing members
of which are Mr. Biondi and Mr. Higgins. Mr. Biondi and Mr. Higgins each
own a 50% interest of KSCM. The principal business of KSCM is to provide
investment advice to and make investment decisions on behalf of KSC Ltd.
The principal business address of KSCM, which also serves as its principal
office, is 575 Lexington Avenue, 7th Floor, New York, New York 10022.

O. Francis Biondi, Jr.

         O. Francis Biondi, Jr. is a United States citizen residing in the
state of New York. Mr. Biondi's present principal occupation or employment
is serving as Managing Member of KSCM and KSA. Mr. Biondi's business
address is 575 Lexington Avenue, 7th Floor, New York, NY 10022.

Brian J. Higgins

         Brian J. Higgins is a United States citizen residing in the state
of New York. Mr. Higgins' present principal occupation or employment is
serving as Managing Member of KSCM and KSA. Mr. Higgins' business address
is 575 Lexington Avenue, 7th Floor, New York, NY 10022.

         Keith R. Bish is a citizen of the United Kingdom residing in the
British Virgin Islands. Mr. Bish's present principal occupation or
employment is serving as the Chairman and Chief Executive Officer of Bison
Financial Services Limited. Mr. Bish's business address is Bison Court,
Road Town, Tortola, British Virgin Islands.


         Ernest A. Morrison is a citizen of the United Kingdom residing in
Bermuda. Mr. Morrison's present principal occupation or employment is as a
partner in the law firm of Cox Hallett & Wilkinson. Mr. Morrison's business
address is "Milner House" 18 Parliament Street, Hamilton, Bermuda.

(d) and (e) During the last five years, none of the persons or entities set
forth in Item 2 have been (a) convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (b) a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
as a result of which proceeding such person is or was subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.

Item 3.   Source and Amount of Funds or Other Consideration.

         The source of funds used for the purchase of Preferred Stock by
KSC L.P. is cash held by it for investment. The aggregate amount is
$1,027,955.62. The source of funds used for the purchase of Preferred Stock
by KSC Ltd. is cash held by it for investment. The aggregate amount is
$1,908,708.82.

Item 4.   Purpose of Transaction.

         Each of KSC L.P. and KSC Ltd. acquired the Preferred Stock for
investment purposes only.

         No Reporting Person has any present plans or proposal which would
relate to or result in any of the matters set forth in subparagraphs (a) -
(j) of Item 4 of Schedule 13D except as set forth herein or such as would
occur upon completion of any of the actions set forth herein.

Item 5.   Interest in Securities of the Issuer.

(a) and (b) Because of the relationships described above, the Reporting
Persons may be deemed to constitute a "group" within the meaning of Rule
13d-5 under the Securities and Exchange Act of 1934, and as such, each
member of the group would be deemed to beneficially own, in the aggregate,
all the shares of Preferred Stock held by members of the group. The
Reporting Persons do not admit that they constitute a group within the
meaning of Rule 13d-5.

         As of January 17, 2002, 81,120 shares of Preferred Stock, or 8.1%
of the total outstanding shares of Preferred Stock on that date, were held
by KSC L.P and 150,650 shares of Preferred Stock, or 15.1% of the total
outstanding shares of Preferred Stock on the date, were held by KSC Ltd.
Because of the relationships described in Item 2 above, pursuant to Rule
13d-1, as of January 17, 2002, KSA may be deemed to be the beneficial owner
of 81,120 shares of Preferred Stock, or 8.1% of the total outstanding
shares of Preferred Stock on that date, consisting of the shares owned by
KSC L.P. Because of the relationships described in Item 2 above, pursuant
to Rule 13d-1, as of January 17, 2002, KSCM may be deemed to be the
beneficial owner of 150,650 shares of Preferred Stock, or 15.1% of the
total outstanding shares of Preferred Stock on that date, consisting of the
shares owned by KSC Ltd. Because of the relationships described in Item 2
above, pursuant to Rule 13d-1, as of January 17, 2002, Mr. Biondi may be
deemed to be the beneficial owner of 231,770 shares of Preferred Stock, or
23.2% of the total outstanding shares of Preferred Stock on that date,
consisting of the shares owned by KSC L.P. and KSC Ltd. Because of the
relationships described in Item 2 above, pursuant to Rule 13d-1, as of
January 17, 2002, Mr. Higgins may be deemed to be the beneficial owner of
231,770 shares of Preferred Stock, or 23.2% of the total outstanding shares
of Preferred Stock on that date, consisting of the shares owned by KSC L.P.
and KSC Ltd.

         KSC L.P. may be deemed to have shared voting and dispositive power
over the 81,120 shares of Preferred Stock it owns, or 8.1% of the total
outstanding shares of Preferred Stock. KSC Ltd. may be deemed to have
shared voting and dispositive power over the 150,650 shares of Preferred
Stock it owns, or 15.1% of the total outstanding shares of Preferred Stock.
Because of the relationship described in Item 2 above, KSA may be deemed to
have shared voting and dispositive power over 81,120 shares of Preferred
Stock owned by KSC L.P., or 8.1% of the total outstanding shares of
Preferred Stock. Because of the relationships described in Item 2 above,
KSCM may be deemed to have shared voting and dispositive power over 150,650
shares of Preferred Stock, or 15.1% of the total outstanding shares of
Preferred Stock, consisting of the shares owned by KSC Ltd. Because of the
relationships described above, Mr. Biondi may be deemed to have shared
voting and dispositive power over an aggregate of 231,770 shares of
Preferred Stock, or 23.2% of the total outstanding shares of Preferred
Stock, consisting of shares owned by KSC L.P. and KSC Ltd. Because of the
relationships described above, Mr. Higgins may be deemed to have shared
voting and dispositive power over an aggregate of 231,770 shares of
Preferred Stock, of 23.2% of the total outstanding shares of Preferred
Stock, consisting of shares owned by KSC L.P. and KSC Ltd.

(c) The table below sets forth all purchases of the Preferred Stock
by each of KSC L.P. and KSC Ltd. All of such purchases were effected
through Cantor Fitzgerald & Co. through open market purchases.

Purchases by KSC L.P.:
           Date         Amount of Shares          Approximate per share price

         10/10/01         24,140                            12.1500
         10/12/01          1,400                            11.8575
         10/16/01          1,400                            12.0220
         10/17/01            875                            12.0000
         10/18/01          1,085                            11.9968
         10/24/01          1,295                            12.0000
         10/25/01          1,575                            12.1111
         10/26/01          1,155                            12.1136
         10/29/01            945                            12.0000
         10/30/01             35                            12.0000
         11/1/01           4,340                            11.9698
         11/29/01          3,675                            11.4714
         11/30/01            525                            11.5000
         12/3/01             175                            11.5000
         12/6/01             175                            11.5000
         12/11/01            525                            11.5000
         12/14/01          8,120                            12.0983
         12/17/01          4,585                            12.8504
         12/18/01          4,830                            13.0000
         12/19/01          1,610                            12.9946
         12/21/01          1,680                            13.0000
         12/24/01            875                            13.0000
         12/31/01          2,835                            13.4938
         1/7/02              210                            13.4583
         1/10/02           8,435                            14.5809
         1/11/02           1,750                            14.7550
         1/14/02           2,870                            14.9970

Purchases by KSC Ltd.:
           Date         Amount of Shares          Approximate per share price

         10/10/01         44,830                            12.1500
         10/12/01          2,600                            11.8575
         10/16/01          2,600                            12.0220
         10/17/01          1,625                            12.0000
         10/18/01          2,015                            11.9968
         10/24/01          2,405                            12.0000
         10/25/01          2,925                            12.1111
         10/26/01          2,145                            12.1136
         10/29/01          1,755                            12.0000
         10/30/01             65                            12.0000
         11/1/01           8,060                            11.9698
         11/29/01          6,825                            11.4714
         11/30/01            975                            11.5000
         12/3/01             325                            11.5000
         12/6/01             325                            11.5000
         12/11/01            975                            11.5000
         12/14/01         15,080                            12.0983
         12/17/01          8,515                            12.8504
         12/18/01          8,970                            13.0000
         12/19/01          2,990                            12.9946
         12/21/01          3,120                            13.0000
         12/24/01          1,625                            13.0000
         12/31/01          5,265                            13.4938
         1/7/02              390                            13.4583
         1/10/02          15,665                            14.5809
         1/11/02           3,250                            14.7550
         1/14/02           5,330                            14.9970

(d) and (e)       Not applicable.

Item 6.    Contracts, Arrangements, Understandings or Relationships With
           Respect to Securities of the Issuer.

           None.

Item 7.    Material to be Filed as Exhibits.

         Exhibit A       Joint Filing Agreement, dated as of January 17, 2002



                                 SIGNATURE

         After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.


Dated: January 18, 2002


KING STREET CAPITAL, L.P.
By: King Street Advisors, L.L.C., its general partner

By:  /s/ Brian J. Higgins
     -------------------------
Name:   Brian J. Higgins
Title:  Managing Member


KING STREET CAPITAL, LTD.


By:    /s/ Brian J. Higgins
     -------------------------
Name:   Brian J. Higgins
Title:  Director


KING STREET ADVISORS, L.L.C.


By:   /s/ Brian J. Higgins
     -------------------------
Name:   Brian J. Higgins
Title:  Managing Member


KING STREET CAPITAL MANAGEMENT, L.L.C.

By:   /s/ Brian J. Higgins
     -------------------------
Name:   Brian J. Higgins
Title:  Managing Member


  /s/ O. Francis Biondi, Jr.
  -------------------------
      O. Francis Biondi, Jr.


  /s/ Brian J. Higgins
  -------------------------
      Brian J. Higgins



                                                                   Exhibit A


            Joint Filing Agreement Pursuant to Rule 13d-1(f)(1)


         This agreement is made pursuant to Rule 13d-1(f)(1) under the
Securities Exchange Act of 1934 (the "Act") by and among the parties listed
below, each referred to herein as a "Joint Filer". The Joint Filers agree
that a statement of beneficial ownership as required by Section 13(d) of
the Act and the Rules thereunder may be filed on each of their behalf on
Schedule 13D or Schedule 13G, as appropriate, and that said joint filing
may thereafter be amended by further joint filings. The Joint Filers state
that they each satisfy the requirements for making a joint filing under
Rule 13d-1.

Dated: January 18, 2002

KING STREET CAPITAL, L.P.
By: King Street Advisors, L.L.C., its general partner

By:   /s/ Brian J. Higgins
    ----------------------
Name:   Brian J. Higgins
Title:  Managing Member


KING STREET CAPITAL, LTD.


By:  /s/ Brian J. Higgins
   ----------------------
Name:   Brian J. Higgins
Title:  Director


KING STREET ADVISORS, L.L.C.


By:  /s/ Brian J. Higgins
   ----------------------
Name:   Brian J. Higgins
Title:  Managing Member


KING STREET CAPITAL MANAGEMENT, L.L.C.

By:  /s/ Brian J. Higgins
   ----------------------
Name:   Brian J. Higgins
Title:  Managing Member


  /s/ O. Francis Biondi, Jr.
- ----------------------------
      O. Francis Biondi, Jr.


  /s/ Brian J. Higgins
- -----------------------
      Brian J. Higgins


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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