An article Monday, "Subprime Lender Files for Ch. 11 Reorganization" (page 16), was mistaken in naming Bank of New York Co. and Bank of New York Corporate Trust as creditors.

Though the bankruptcy filing lists them among unsecured creditors, the banking company says it is merely the trustee for the holders of Southern Pacific Funding Corp. bonds-of which $175 million are outstanding, not the larger figure in the story.

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