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Valley of Lakes RICO Class Action against PNCBANK, et al.
ripped edge: exhibits

					October 20, 1992

United States Department of Justice
Office of the United States Trustee
Middle District of Pennsylvania
Suite 503
225 Market Street
Harrisburg, PA 17101

IN RE: 	  C.B.G., Limited		Case No. 5-92-00525
	  Valley Utilities Co., Inc.	 	 5-92-00617
	  The Oneida Water Co.		 	 5-92-00619

Subject:  Unsecured Creditors Committee 

Dear Sirs:

Valley of Lakes Civic Association was incorporated in 1976 to represent the interests of the 
property owners in the Valley of Lakes Development.  We currently have over 420 voting 
members who own at least one lot each, in our organization.

As you are aware, there has been a lot of resistance of the unsecured creditors committee to 
take any action on this case.  The had been no meeting for months and to this date the has been 
no meeting other than the one you started on September 2. The chairman was not present for 
that meeting and even though a decision was made to retain an attorney, no action has been 
reported to us.  There are several key issues including one which may determine the ultimate 
direction of this case, being heard on Thursday Oct. 22.  We are very concerned the unsecured 
creditors will not be represented.

In addition another Notice of Termination has been issued for the electric power to the sewer 
and water utilities.  Since these issues cannot be addressed through the current unsecured 
creditors committee we respectfully request some action.

During our Annual Fall Meeting I reported on the lack of any meeting of the unsecured 
creditors committee other than to elect a chairman.  A motion was made and carried 
unanimously to circulate a petition to you to form a committee representing the hundreds of 
creditors known a property owners.  Please find the one hundred plus signatures we could get 
in this short period.  I hope you will grant our request.

Thank you for all you help to date as well as you consideration of this petition.


					Randy A. Galgon



cc:	Alan Young - Hanna Young and Upright

			PETITION to U.S. Trustee

We request that a separate creditors committee be appointed, representing the property owners 
of lots in what is known as the Valley of Lakes Development: Valley of Lakes Civic 
Association board should be appointed to the committee.  This committee should have all the 
rights of any unsecured creditors committee.


/100+ signatures/

Valley of Lakes RICO Class Action against PNCBANK, et al.

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