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To: llamaphlegm who wrote (39973)2/14/1999 2:17:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Service Merchandise Co. Inc.
Dow Jones Newswires -- January 13, 1999
Service Merchandise/Notes-2: Payment Was Due On Dec. 15

NASHVILLE, Tenn. (Dow Jones)--Service Merchandise Co. (SME) made an interest payment of $13.5
million on its 9% subordinated debentures.

The payment was originally due on Dec. 15.

In a press release Wednesday, Service Merchandise said today's payment falls within the 30-day grace
period available to the company under the terms of the notes indenture.

Service Merchandise is a national retailer of jewelry, gift and home products.