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CERTAIN MBO BONDHOLDERS FILE INVOLUNTARY PETITION

 NEWARK, N.J., Jan. 8 /PRNewswire/ -- Mutual Series Fund Inc., The Baupost Group, Inc., and Morgens Waterfall Income Partners announced that they have filed this morning an involuntary petition for reorganization relief under Chapter 11 of the U.S. Bankruptcy Code against Mutual Benefit Overseas, Inc., in the U.S. Bankruptcy Court for the District of New Jersey, in Newark.
 The filing of the involuntary petition was anticipated by the holders of MBO's bonds and is consistent with and was contemplated by the agreement in principle reached among the majority of holders of MBO's bonds that was announced earlier today.
 -0- 1/8/93
 /CONTACT: Anthony W. Clark, Esq., of Skadden, Arps, Slate, Meagher & Flom, 302-651-3080, for the MBO bondholders/


CO: Mutual Benefit Overseas, Inc.; Mutual Series Fund Inc.;
 The Baupost Group, Inc.; Morgens Waterfall Income Partners ST: New York IN: FIN SU:


GK -- NY054 -- 3207 01/08/93 17:26 EST
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Publication:PR Newswire
Date:Jan 8, 1993
Words:152
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