CHICAGO - An Appleton, Minn., prison does not have sufficient revenues to make a past-due debt service payment Nov. 1, on $28.4 million of defaulted bonds, according to the bondholders' trustee.

First Trust National Association said in a letter to bondholders last week that the Appleton Prison Corporation, which issued the bonds in 1990, is not expected to make debt service payments on Nov. 1 because revenues from the prison have been less than anticipated and expenses have exceeded projections.

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