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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

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FORM 10-Q

|(Mark One)                                  
|--------------------------------------------
|                                            
|x                                           
|                                            
|For the Quarterly Period ended June 30, 2003
|                                            
|o                                           
|                                            

For the transition period from          to

Commission File No.: 333-104916

|TRUMP CASINO HOLDINGS, LLC                            
|------------------------------------------------------
|                                                      
|(Exact Name of Registrant as Specified in its Charter)



|Delaware                                                       |  | 45-0475879                          
|-------------------------------------------------------------- |  | ------------------------------------
|                                                               |  |                                     
|(State or Other Jurisdiction of Incorporation or Organization) |  | (I.R.S. Employer Identification No.)



|c/o Trump Hotels & Casino Resorts Holdings, L.P. 1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey 08401 (609)
449-6515
|---------------------------------------------------------------------------------------------------------------------------------
|(Address, Including Zip Code and Telephone Number, Including Area Code, of Registrants Principal Executive Offices)             



|TRUMP CASINO FUNDING, INC.                            
|------------------------------------------------------
|                                                      
|(Exact Name of Registrant as Specified in its Charter)



|Delaware                                                       |  | 45-0475877                          
|-------------------------------------------------------------- |  | ------------------------------------
|                                                               |  |                                     
|(State or Other Jurisdiction of Incorporation or Organization) |  | (I.R.S. Employer Identification No.)



|c/o Trump Hotels & Casino Resorts Holdings, L.P. 1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey 08401 (609)
449-6515
|---------------------------------------------------------------------------------------------------------------------------------
|(Address, Including Zip Code and Telephone Number, Including Area Code, of Registrants Principal Executive Offices)             

Indicate by check mark whether the Registrants (1) have filed all Reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) have been subject to such filing requirements for the past 90 days.

|Yes o | No x.
|----- | -----

Indicate by check mark whether either one of the registrants is an accelerated filer (as defined by Rule 12b-2 of the Exchange Act).

|Yes o | No x.
|----- | -----

As of August 14, 2003, there were 100 shares of Trump Casino Funding, Inc.s Common Stock, par value $.01 per share, outstanding. Trump Casino
Funding, Inc. meets the conditions set forth in General Instructions H(1)(a) and (b) of Form 10-Q and is therefore filing this form with the reduced disclosure format.

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##### Table of Contents

TRUMP CASINO HOLDINGS, LLC

INDEX TO FORM 10-Q

|                                                                                                                      |    | Page No.
|--------------------------------------------------------------------------------------------------------------------- | -- | --------
|                                                                                                                      |    |         
|PART I -
FINANCIAL INFORMATION                                                                                        |   
|                                                                                                                      |   
|ITEM 1 -
Financial Statements                                                                                         |   
|                                                                                                                      |   
|Condensed Consolidated Balance Sheets as of December 31, 2002 and June 30, 2003 (unaudited)                           | 1 
|                                                                                                                      |   
|Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2002 and 2003 (unaudited) | 2 
|                                                                                                                      |   
|Condensed Consolidated Statements of Capital for the six months ended June 30, 2003 (unaudited)                       | 3 
|                                                                                                                      |   
|Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2002 and 2003 (unaudited)           | 4 
|                                                                                                                      |   
|Notes to Condensed Consolidated Financial Statements (unaudited)                                                      | 5 
|                                                                                                                      |   
|ITEM 2 -
Managements Discussion and Analysis of Financial Condition and Results of Operations                        | 9 
|                                                                                                                      |   
|ITEM 3 -
Quantitative and Qualitative Disclosures About Market Risk                                                   | 20
|                                                                                                                      |   
|ITEM 4 -
Controls and Procedures                                                                                      | 20
|                                                                                                                      |   
|PART II -
OTHER INFORMATION                                                                                           |   
|                                                                                                                      |   
|ITEM 1 -
Legal Proceedings                                                                                            | 21
|                                                                                                                      |   
|ITEM 2 -
Changes in Securities and Use of Proceeds                                                                    | 21
|                                                                                                                      |   
|ITEM 3 -
Defaults Upon Senior Securities                                                                              | 21
|                                                                                                                      |   
|ITEM 4 -
Submission of Matters to a Vote of Security Holders                                                          | 21
|                                                                                                                      |   
|ITEM 5 -
Other Information                                                                                            | 21
|                                                                                                                      |   
|ITEM 6 -
Exhibits and Reports on Form 8-K                                                                             | 21
|                                                                                                                      |   
|SIGNATURES                                                                                                            |   
|                                                                                                                      |   
|Trump Casino Holdings, LLC                                                                                            | 22
|                                                                                                                      |   
|Trump Casino Funding, Inc.                                                                                            | 22



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##### Table of Contents

PART I  FINANCIAL INFORMATION

ITEM 1  FINANCIAL STATEMENTS

TRUMP CASINO HOLDINGS, LLCCONDENSED CONSOLIDATED BALANCE SHEETS (in thousands)

|                                                |  | December 31, 2002 |          | June 30, 2003 |            
|----------------------------------------------- |  | ----------------- | -------- | ------------- | -----------
|                                                |  |                   |          |               |            
|                                                |  |                   |          |               | (unaudited)
|ASSETS                                          |  |                   |          |               |            
|CURRENT ASSETS                                  |  |                   |          |               |            
|Cash and cash equivalents                       |  | $                 | 33,917   |               | $          
|Receivables, net                                |  |                   | 12,756   |               |            
|Inventories                                     |  |                   | 3,182    |               |            
|Prepaid expenses and other current assets       |  |                   | 3,797    |               |            
|Due from affiliates                             |  |                   | 378      |               |            
|                                                |  |                   |          |               |            
|Total current assets                            |  |                   | 54,030   |               |            
|PROPERTY AND EQUIPMENT, NET                     |  |                   | 517,854  |               |            
|INVESTMENT IN BUFFINGTON HARBOR RIVERBOATS, LLC |  |                   | 31,842   |               |            
|DEFERRED BOND AND LOAN ISSUANCE COSTS, NET      |  |                   | 2,575    |               |            
|OTHER ASSETS                                    |  |                   | 21,763   |               |            
|                                                |  |                   |          |               |            
|Total assets                                    |  | $                 | 628,064  |               | $          
|                                                |  |                   |          |               |            
|LIABILITIES AND EQUITY                          |  |                   |          |               |            
|CURRENT LIABILITIES                             |  |                   |          |               |            
|Current maturities of long-term debt            |  | $                 | 7,712    |               | $          
|Accounts payable and accrued expenses           |  |                   | 40,558   |               |            
|Due to affiliates                               |  |                   | 4,381    |               |            
|Accrued interest payable                        |  |                   | 3,778    |               |            
|                                                |  |                   |          |               |            
|Total current liabilities                       |  |                   | 56,429   |               |            
|DUE TO AFFILIATES-THCR HOLDINGS                 |  |                   | 32,566   |               |            
|LONG-TERM DEBT, LESS CURRENT MATURITIES         |  |                   | 487,242  |               |            
|OTHER LONG-TERM LIABILITIES                     |  |                   | 5,974    |               |            
|                                                |  |                   |          |               |            
|Total liabilities                               |  |                   | 582,211  |               |            
|                                                |  |                   |          |               |            
|CAPITAL                                         |  |                   |          |               |            
|Contributed capital                             |  |                   | 238,273  |               |            
|Accumulated deficit                             |  |                   | (191,482 | )             |            
|Accumulated other comprehensive loss            |  |                   | (938     | )             |            
|                                                |  |                   |          |               |            
|Total capital                                   |  |                   | 45,853   |               |            
|                                                |  |                   |          |               |            
|Total liabilities and capital                   |  | $                 | 628,064  |               | $          
|                                                |  |                   |          |               |            

See accompanying notes.



1



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TRUMP CASINO HOLDINGS, LLCCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) (in thousands)

|                                                                        |  | For the Three Months Ended June 30, |         | For the Six Months Ended June 30, |  
|----------------------------------------------------------------------- |  | ----------------------------------- | ------- | --------------------------------- | -
|                                                                        |  |                                     |         |                                   |  
|                                                                        |  | 2002                                |         | 2003                              |  
|                                                                        |  |                                     |         |                                   |  
|REVENUES                                                                |  |                                     |         |                                   |  
|Gaming                                                                  |  | $                                   | 102,112 |                                   | $
|Rooms                                                                   |  |                                     | 5,484   |                                   |  
|Food and beverage                                                       |  |                                     | 8,877   |                                   |  
|Management fees                                                         |  |                                     | 1,114   |                                   |  
|Other                                                                   |  |                                     | 3,165   |                                   |  
|                                                                        |  |                                     |         |                                   |  
|Gross revenues                                                          |  |                                     | 120,752 |                                   |  
|Less-promotional allowances                                             |  |                                     | 20,961  |                                   |  
|                                                                        |  |                                     |         |                                   |  
|Net revenues                                                            |  |                                     | 99,791  |                                   |  
|                                                                        |  |                                     |         |                                   |  
|COSTS AND EXPENSES                                                      |  |                                     |         |                                   |  
|Gaming                                                                  |  |                                     | 48,213  |                                   |  
|Rooms                                                                   |  |                                     | 1,550   |                                   |  
|Food and beverage                                                       |  |                                     | 3,933   |                                   |  
|General and administrative                                              |  |                                     | 20,316  |                                   |  
|General and administrative - related party                              |  |                                     | 3,134   |                                   |  
|Debt renegotiation costs                                                |  |                                     | 940     |                                   |  
|Depreciation and amortization                                           |  |                                     | 6,715   |                                   |  
|                                                                        |  |                                     |         |                                   |  
|                                                                        |  |                                     | 84,801  |                                   |  
|                                                                        |  |                                     |         |                                   |  
|Income from operations                                                  |  |                                     | 14,990  |                                   |  
|                                                                        |  |                                     |         |                                   |  
|NON-OPERATING INCOME (EXPENSE)                                          |  |                                     |         |                                   |  
|Interest income                                                         |  |                                     | 294     |                                   |  
|Interest expense                                                        |  |                                     | (12,405 | )                                 |  
|Interest expense - related party                                        |  |                                     | (4,917  | )                                 |  
|Gain on debt retirement, net                                            |  |                                     |        |                                   |  
|Other non-operating income (expense)                                    |  |                                     | 39      |                                   |  
|                                                                        |  |                                     |         |                                   |  
|Non-operating expense, net                                              |  |                                     | (16,989 | )                                 |  
|                                                                        |  |                                     |         |                                   |  
|Loss before income taxes and equity in loss from Buffington Harbor, LLC |  |                                     | (1,999  | )                                 |  
|Equity in loss from Buffington Harbor, LLC                              |  |                                     | (598    | )                                 |  
|Provision for income taxes                                              |  |                                     |        |                                   |  
|                                                                        |  |                                     |         |                                   |  
|Net loss                                                                |  | $                                   | (2,597  | )                                 | $
|                                                                        |  |                                     |         |                                   |  

See accompanying notes.



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TRUMP CASINO HOLDINGS, LLCCONDENSED CONSOLIDATED STATEMENTS OF CAPITAL FOR THE SIX MONTHS ENDED JUNE 30, 2003 (unaudited) (in thousands)

|                                                                      |  | Contributed Capital |         | Accumulated Deficit |   | Accumulated Other Comprehensive Gain/(Loss) |   | Total |     
|--------------------------------------------------------------------- |  | ------------------- | ------- | ------------------- | - | ------------------------------------------- | - | ----- | ----
|                                                                      |  |                     |         |                     |   |                                             |   |       |     
|Balance at December 31, 2002                                          |  | $                   | 238,273 |                     | $ | (191,482                                    | ) | $     | (938
|Net capital contribution in connection with debt refinancing          |  |                     | 60,426  |                     |   |                                            |   |       |    
|Capital contribution - THCR Holdings                                  |  |                     | 223     |                     |   |                                             |   |       |     
|Comprehensive loss:                                                   |  |                     |         |                     |   |                                             |   |       |     
|Net loss                                                              |  |                     |        |                     |   | (10,191                                     | ) |       |    
|Termination of interest rate swap in connection with debt refinancing |  |                     |        |                     |   |                                            |   |       | 938 
|                                                                      |  |                     |         |                     |   |                                             |   |       |     
|Total comprehensive loss                                              |  |                     |        |                     |   |                                            |   |       |    
|                                                                      |  |                     |         |                     |   |                                             |   |       |     
|Balance at June 30, 2003                                              |  | $                   | 298,922 |                     | $ | (201,673                                    | ) | $     |    
|                                                                      |  |                     |         |                     |   |                                             |   |       |     

See accompanying notes.

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TRUMP CASINO HOLDINGS, LLCCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (in thousands)

|                                                                                       |  | For the Six Months Ended  June 30, |        
|-------------------------------------------------------------------------------------- |  | ---------------------------------- | -------
|                                                                                       |  |                                    |        
|                                                                                       |  | 2002                               |        
|                                                                                       |  |                                    |        
|CASH FLOWS FROM OPERATING ACTIVITIES                                                   |  |                                    |        
|Net loss                                                                               |  | $                                  | (6,228 
|Adjustments to reconcile net loss to net cash flows provided by operating activities - |  |                                    |        
|Depreciation and amortization                                                          |  |                                    | 13,003 
|Non cash gain on debt refinancing, net                                                 |  |                                    |       
|Issuance of PIK debt in satisfaction of accrued interest                               |  |                                    | 8,604  
|Equity in loss from Buffington Harbor, LLC                                             |  |                                    | 1,200  
|Accretion of bond discount                                                             |  |                                    | 3,357  
|Amortization of loan costs                                                             |  |                                    | 702    
|Provision for losses on receivables                                                    |  |                                    | 1,207  
|Valuation allowance - CRDA investments                                                 |  |                                    | 528    
|Increase in receivables                                                                |  |                                    | (271   
|(Increase) decrease in inventories                                                     |  |                                    | (19    
|(Increase) decrease in prepaid expenses and other current assets                       |  |                                    | (2,348 
|Decrease (increase) in other assets                                                    |  |                                    | 3,705  
|(Decrease) increase in due to affiliates                                               |  |                                    | (4,379 
|Increase in current liabilities                                                        |  |                                    | 202    
|Decrease in other long-term liabilities                                                |  |                                    | (4,769 
|                                                                                       |  |                                    |        
|Net cash flows provided by operating activities                                        |  |                                    | 14,494 
|                                                                                       |  |                                    |        
|CASH FLOWS FROM INVESTING ACTIVITIES                                                   |  |                                    |        
|Purchases of property and equipment, net                                               |  |                                    | (8,299 
|Advances to Tribe                                                                      |  |                                    | (2,908 
|Other                                                                                  |  |                                    | (23    
|Purchases of CRDA investments, net                                                     |  |                                    | (1,631 
|                                                                                       |  |                                    |        
|Net cash flows used in investing activities                                            |  |                                    | (12,861
|                                                                                       |  |                                    |        
|CASH FLOWS FROM FINANCING ACTIVITIES                                                   |  |                                    |        
|Contribution from (distribution to) parent company                                     |  |                                    | 450    
|Payment of long-term debt                                                              |  |                                    | (7,565 
|Proceeds from additional borrowings, net                                               |  |                                    | 2,898  
|Loan costs on additional borrowings                                                    |  |                                    |       
|                                                                                       |  |                                    |        
|Net cash flows used in financing activities                                            |  |                                    | (4,217 
|                                                                                       |  |                                    |        
|Net (decrease) increase in cash and cash equivalents                                   |  |                                    | (2,584 
|CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                       |  |                                    | 39,091 
|                                                                                       |  |                                    |        
|CASH AND CASH EQUIVALENTS AT END OF PERIOD                                             |  | $                                  | 36,507 
|                                                                                       |  |                                    |        
|SUPPLEMENTAL INFORMATION:                                                              |  |                                    |        
|Cash paid for interest                                                                 |  | $                                  | 20,846 
|                                                                                       |  |                                    |        
|Purchase of property and equipment under capital lease obligations and other financing |  | $                                  | 3,021  
|                                                                                       |  |                                    |        

See accompanying notes.

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TRUMP CASINO HOLDINGS, LLCNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(1) Organization and Operations

The accompanying condensed consolidated financial statements include those of Trump Casino Holdings, LLC, a Delaware single member
limited liability company (TCH), and its subsidiary, Trump Casino Funding, Inc., a New Jersey corporation (TCF).   TCHs wholly-owned subsidiaries include: (i) TCF, (ii) Trump Marina Associates, L.P.
(Marina Associates), (iii) Trump Marina, Inc., (iv) Trump Indiana, Inc. (Trump Indiana), (v) Trump Indiana Realty, LLC (Trump Indiana Realty) and (vi) THCR Management Holdings, LLC (THCR Management)
and its subsidiary, THCR Management Services, LLC (Trump 29 Services).

The sole member of TCH
is Trump Hotels & Casino Resorts Holdings, L.P., a Delaware limited partnership (THCR Holdings). THCR Holdings is owned approximately 63.4% by Trump Hotels & Casino Resorts, Inc., a Delaware corporation (THCR), as
both a general and limited partner, and approximately 36.6% by Donald J. Trump as a limited partner. THCR is a publicly held company whose common stock, par value $.01 per share (the THCR Common Stock), is traded on The New York Stock
Exchange under the symbol DJT.

On March 25, 2003, TCH was capitalized. Simultaneously, Marina
Associates, Trump Marina, Inc., Trump Indiana, Trump Indiana Realty, THCR Management and Trump 29 Services became wholly owned subsidiaries of TCH. As a result of this reorganization, the accompanying condensed consolidated financial statements
present the condensed consolidated financial statements of TCH and subsidiaries as of December 31, 2002 and June 30, 2003 and for each of the three and six months in the period ended June 30, 2002 and 2003.

Marina Associates owns and operates the Trump Marina Hotel Casino (Trump Marina), a casino hotel located in the marina
district of Atlantic City, New Jersey (the Marina District).  Trump Indiana owns and operates Trump Indiana Casino Hotel, a riverboat gaming facility operating in Buffington Harbor, on Lake Michigan, Indiana (the Trump Indiana
Riverboat). THCR Management is the sole member of Trump 29 Services.  Trump 29 Services manages the day-to-day operations of Trump 29 Casino located in Coachella Valley, California near Palm Springs pursuant to a five year management
agreement (the Trump 29 Management Agreement) commencing on April 16, 2002, between Trump 29 Services and Twenty-Nine Palms Enterprises Corporation, a corporation wholly-owned by the Twenty Nine Palms Band of Luiseno Mission Indians, a
federally recognized Native American Tribe and the owner of Trump 29 Casino (the Tribe). Trump Marina, Inc. is the general partner of Marina Associates.  Trump Indiana Realty, LLC has no material assets or operations. At June 30,
2003, THCR Management has no assets or operations.

TCH and TCF have no operations and their ability to
service their debt is dependent upon the successful operations of Trump Marina and the Trump Indiana Riverboat, and the management fees generated pursuant to the Trump 29 Management Agreement.

All significant intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial
statements.

The accompanying condensed consolidated financial statements have been prepared without audit.
In the opinion of management, all adjustments, consisting of only normal recurring adjustments necessary to present fairly the financial position, the results of operations and cash flows for the periods presented, have been made.

The accompanying condensed consolidated financial statements have been prepared pursuant to the rules and regulations of
the Securities and Exchange Commission (SEC). Accordingly, certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States have
been condensed or omitted.

These condensed consolidated financial statements should be read in conjunction
with the consolidated financial statements and notes thereto included in the Registrants Registration Statements on Form S-4 and Form S-1 for the year ended December 31, 2002 filed with the SEC and available on the SECs website,
www.sec.gov.

The casino industry in Atlantic City is seasonal in nature; therefore, results of operations
for the three and six months ended June 30, 2003 are not necessarily indicative of the operating results for a full year.

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TRUMP CASINO HOLDINGS, LLC NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

Reclassifications

During 2002, TCH reclassified certain costs (primarily bus
coin) from gaming expenses to promotional allowances to be consistent with prevailing industry practice. Prior year amounts of $606,000 and $1,196,000 for the three and six months ended June 30, 2002, respectively, have been reclassified to conform
to the current year presentation.

Certain other reclassifications and disclosures have been made to prior
year financial statements for them to be in conformity with the current year presentation.

(2) Debt Refinancing

On March 25, 2003, TCH and TCF consummated a private placement, or the TCH Notes Offering, of $475.0 million aggregate principal amount
of two new issues of mortgage notes, consisting of $425.0 million principal amount of first priority mortgage notes due March 15, 2010, bearing interest at a rate of 11.625% per year payable in cash, sold at a price of 94.832% of their face amount
for an effective yield of 12.75%, or the First Priority Mortgage Notes, and $50.0 million principal amount of second priority mortgage notes due September 15, 2010, bearing interest at a rate of 11.625% per year payable in cash, plus 6.0% through
the issuance of payable-in-kind notes (the Second Priority Mortgage Notes, and together with the First Priority Mortgage Notes, the TCH Notes).  The indentures governing the TCH Notes contain various restrictions including restrictions on the
ability of TCH to incur additional debt, pay dividends, issue or repurchase stock, make capital expenditures, or merge with another entity.  The TCH Notes are guaranteed by each of the subsidiaries of TCH, other than TCF which is a co-issuer of
the TCH Notes, fully and unconditionally and on a senior secured basis.  Substantially all assets of TCH and its subsidiaries are pledged as security on the TCH Notes.

In connection with the TCH Notes Offering, Donald  J. Trump purchased in a concurrent private offering, $15.0 million aggregate
principal amount of additional Second Priority Mortgage Notes at the same purchase price at which the initial purchasers purchased the Second Priority Mortgage Notes.

The net proceeds of the TCH Notes Offering and the concurrent private offering of Second Priority Mortgage Notes to Donald J. Trump were
used on the consummation date of the TCH Notes Offering or the applicable redemption date to:

| |  | redeem at the applicable redemption prices $242.1 million aggregate principal amount of Trumps Castle Funding, Inc.s, or Castle Fundings, 11.75% Mortgage Notes
due 2003;                                      
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                   
| |  | repay $70.0 million aggregate principal amount of Marina Associates bank debt due 2003;                                                                                                                          
| |   |                                                                                                                                                                                                                   
| |  | redeem at the applicable redemption prices $14.3 million principal amount of Castle Fundings 13.875% Pay-In-Kind Notes due 2005, or the Castle PIK Notes;                                                        
| |   |                                                                                                                                                                                                                   
| |  | repay $20.3 million aggregate principal amount of Trump Indianas bank debt due 2006;                                                                                                                             
| |   |                                                                                                                                                                                                                   
| |  | acquire and redeem at the applicable redemption prices $96.9 million aggregate principal amount (including the call premium) of THCR Holdings 15.5% Senior Notes due 2005, or the THCR
Holdings Senior Notes; and
| |   |                                                                                                                                                                                                                   
| |  | repay $0.2 million aggregate principal amount of THCR Managements bank debt due 2003.                                                                                                                            

Also, in connection with the TCH Notes Offering, $141.9 million principal amount of the Castle PIK Notes and $35.5 million principal
amount of THCR Holdings Senior Notes held by THCR Holdings and its subsidiaries were cancelled without payment.

Included in the $96.9 million principal amount (including call premium) of THCR Holdings Senior Notes purchased with the net proceeds of
the TCH Notes Offering, $1.7 million principal amount of THCR Holdings Senior Notes were held by Mr. Trump. THCR Holdings also acquired an additional $15.0 million principal amount of THCR Holdings Senior Notes

6



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TRUMP CASINO HOLDINGS, LLC NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

on
the closing date of the TCH Notes Offering in a private transaction with Donald J. Trump. The purchase price of the aggregate $16.7 million principal amount of THCR Holdings Senior Notes acquired from Mr. Trump consisted of the proceeds from the
issuance of 1,500 shares of Series A Preferred Stock, par value $1.00 per share (the Series A Preferred Stock), of THCR valued at $15.0 million, plus a cash amount equal to $1.7 million, plus the applicable redemption premium of 2.583%
(approximately $430,000) and accrued interest of approximately $0.7 million on the entire $16.7 million principal amount of THCR Holdings Senior Notes sold by Mr. Trump. The Series A Preferred Stock of THCR, upon stockholder approval obtained at the
annual THCR stockholders meeting in June 2003, was exchanged by Mr. Trump on July 11, 2003 for an aggregate of 7,894,737 shares of THCR Common Stock.

Amounts due to THCR Holdings on the accompanying combined balance sheet were due from Trump Indiana (Indiana Loan) and had
borne interest at an annual rate of 15.0%. On March 25, 2003, this note was assigned from THCR Holdings to TCH.

Trump Indiana was charged management fees by  THCR Holdings pursuant to a management services agreement between Trump Indiana, Inc.
and THCR Holdings. On March 25, 2003, this management services agreement was assigned from THCR Holdings to TCH.

Financing costs, including  underwriters discounts of 2.5% to the purchasers of the First Priority Mortgage Notes and 10% to
the purchasers of the Second Priority Mortgage Notes and direct transactional fees (including accounting, legal and printing), have been capitalized as deferred bond and loan issuance costs in the accompanying balance sheet and are being amortized
to interest expense over the term of the debt.

In connection with the refinancing, TCH recorded a net gain
of $7,931,000 which consists of a net gain of $10,451,000 on the retirement of Castle Fundings 11.75% Mortgage Notes due 2003 and the Castle PIK Notes, the settlement of Trump Indianas interest rate swap for $851,000 and the write-off of
unamortized loan costs of approximately $1,669,000.

The TCH Notes were offered to qualified institutional
buyers under Rule 144A and Regulation S of the Securities Exchange Act of 1934.  Under the indentures governing the TCH Notes, TCH and TCF filed a registration statement on Form S-4 (File No.: 333-104916) with the SEC on May 1, 2003 to register
notes having substantially identical terms as the TCH Notes, or the Exchange Notes, as part of an offer to exchange freely tradable Exchange Notes for the TCH Notes.  The SEC declared the registration statement effective on July 10, 2003, and
holders may exchange their TCH Notes for Exchange Notes until 5:00 p.m. (Eastern Standard Time) on August 13, 2003, unless otherwise extended.

Also, TCH and TCF filed a registration statement on Form S-1 (File No.: 333-105760) with the SEC on June 2, 2003 to register for
potential resale the Second Priority Notes purchased by Mr. Trump concurrently with the TCH Notes Offering. The SEC declared the registration statement effective on August 6, 2003. Mr. Trump has advised TCH that he does not currently have any
intentions of selling his Second Priority Notes.

(3) Debt Renegotiation Costs

Marina Associates and Trump Indiana were seeking to refinance or modify the terms of their long-term debt in 2002. During the six months
ended June 30, 2002 and 2003, debt renegotiation costs of $1,411,000 and $401,000, respectively, were expensed in the accompanying Statements of Operations. Debt renegotiation costs include the costs associated with 2002 debt refinancing efforts no
longer pursued and transactional fees earned upon the successful consummation of the TCH Notes Offering on March 25, 2003.

(4) Recent Accounting Pronouncements

In July 2001, the FASB issued SFAS No. 143, Accounting for Asset Retirement Obligations. This standard addresses
the financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs.  The standard  is effective for fiscal years beginning after June 15, 2002. The
effect of adoption was not material to TCHs financial results.

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TRUMP CASINO HOLDINGS, LLC NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

In November 2002, the FASB issued Interpretation No. 45, Guarantors Accounting and Disclosure Requirements for Guarantees,
Including Indirect Guarantees of Indebtedness of Others, an Interpretation of FASB Statements No. 5, 57, and 107 and Rescission of FASB Interpretation No. 34 (FIN No. 45). The interpretation requires that upon issuance of a
guarantee, the entity must recognize a liability for the fair value of the obligation it assumes under that obligation. This interpretation is intended to improve the comparability of financial reporting by requiring identical accounting for
guarantees issued with separately identified consideration and guarantees issued without separately identified consideration. For TCH, the initial recognition, measurement provision and disclosure requirements of FIN No. 45 are applicable to
guarantees issued or modified after December 31, 2002. The effect of adoption was not material to TCHs financial results.

In January 2003, the FASB issued Interpretation No.46, Consolidation of Variable Interest Entities (FIN No. 46).
This interpretation clarifies the application of Accounting Research Bulletin No. 51,Combined Financial Statements, to certain entities in which equity investors do not have the characteristics of a controlling financial interest or do
not have sufficient subordinated financial support from other parties. FIN No. 46 applies immediately to variable interest entities created after January 31, 2003, and to variable interest entities in which an enterprise obtains an interest after
that date. For existing variable interest entities, the consolidated requirement is effective for interim or annual financial statements beginning after June 15, 2003. TCH is currently evaluating whether it has any variable interest entities, which
will be subject to consolidation pursuant to FIN No. 46.

(5) New Jersey Corporate  Business Tax

On July 3, 2002, the State of New Jersey passed the New Jersey Business Tax Reform Act (the Act). This Act, among other
things, requires the suspension of the use of New Jersey net operating loss carryforwards for two years and imposes a new Alternative Minimum Assessment amount under the New Jersey corporate business tax based on either gross receipts or gross
profits, as defined. The Act is retroactive to January 1, 2002. In accordance with the Act, TCH has recorded a provision for current income tax expense of $300,000 and $600,000 for the three and six months ended June 30, 2003. There was no
comparable expense in the three and six months ended June 30, 2002 since this change was recorded beginning in the period in which the tax law was passed (third quarter 2002) pursuant to the accounting literature in Financial Accounting Standards
Board Statement Number 109, Accounting for Income Taxes.

(6) Subsequent Events

On July 1, 2003, the New Jersey legislature passed a law that increases the taxation of New Jersey casinos. The new law imposes a 4.25%
tax on complimentaries (i.e., free rooms, food, beverages and entertainment given to patrons.)  Complimentary rooms are deemed to initially be valued at $67 per room. Other complimentaries are valued at retail value or cost. In addition to the
tax on complimentaries, a 7.5% tax is imposed on each casinos 2002 adjusted net income, defined asnet income plus management fees, subject to a minimum tax of $350,000 per casino. Finally, the
revised law imposes an additional $3.00 fee per day on each occupied hotel room, increases the parking fee from $2.00 to $3.00 per car per day and eliminates the casinos ability to retain $0.50 to offset administrative costs.

TCHs registration statements on Form S-4 (File No.: 333-104916) and S-1(File No.: 333-105760) were declared
effective by the SEC on July 10, 2003 and August 6, 2003, respectively. See Note 2 to the Condensed Consolidated Financial Statements (Unaudited).

Effective July 11, 2003, Indiana riverboat casinos, including Trump Indiana, are permitted to operate 24 hours a day pursuant to
legislation enacted by the Indiana state legislature in May 2003. Trump Indiana has been operating 24 hours a day since such date.

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ITEM 2 - MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This report includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of
1934.  All statements other than statements of historical facts included in this report regarding the prospects of our industry or our prospects, plans, financial position or business strategy, may constitute forward-looking statements. In
addition, forward-looking statements generally can be identified by the use of forward-looking words such as may, will, expect, intend, estimate, anticipate,
believe, plans, forecasts, continue or could or the negatives of these terms or variations of them or similar terms. Although we believe that the expectations reflected in these
forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. Important factors that could cause actual results to differ materially from our expectations include business, competition, regulatory
and other uncertainties and contingencies discussed in this report that are difficult or impossible to predict and which are beyond our control.  All subsequent written and oral forward-looking statements attributable to us or persons acting on
our behalf are expressly qualified in their entirety by the cautionary statements included in this document.  These forward-looking statements speak only as of the date of this report. We do not intend to update these statements unless the
securities laws require us to do so.

In this section, the words Company, we,
our, ours, and us refer to Trump Casino Holdings, LLC (TCH) and its wholly-owned subsidiaries, unless otherwise noted.  Through its wholly-owned subsidiaries, TCH  owns and operates the Trump
Marina Hotel Casino in Atlantic City, New Jersey (Trump Marina) and the Trump Indiana Casino Hotel, a riverboat gaming facility in Buffington Harbor, on Lake Michigan, Indiana (the Trump Indiana Riverboat). Through another
subsidiary, TCH also manages the Trump 29 Casino near Palm Springs, California  (Trump 29). Terms not defined in this section shall have the meanings ascribed to them elsewhere in this Form 10-Q.

General

Our business is subject to a variety of risks and uncertainties,
some of which are discussed below.

We have  substantial  indebtedness and interest
expense which could limit capital expenditures and adversely affect our competitiveness.

In March
2003, we refinanced the majority of our long-term debt with the net proceeds of the TCH Notes Offering. See Note 2 to the Condensed Consolidated Financial Statements (unaudited). Upon consummation of the TCH Notes Offering, our
consolidated long-term debt was not reduced significantly and our consolidated interest expense remains high. Capital expenditures, such as room refurbishment, amenity upgrades and replacements and additions of new gaming equipment, are necessary
from time to time to preserve the competitiveness of our properties. The Atlantic City market is very competitive and is anticipated to become more competitive in the future, especially following the opening of the Borgata by a joint venture of MGM
Mirage and Boyd Gaming in the Marina District in July 2003. Our high levels of interest expense,however, could limit our ability to make capital expenditures necessary to improve and upgrade our
properties and preserve our competitive position. Management believes that, based upon TCHs current cash flow forecasts for 2003, TCH will have sufficient cash flows to meet its  debt service and operating expense requirements throughout
2003.

The ability of TCH and TCF to pay interest on the TCH Notes ($490.0 million principal amount)
depends  primarily on the ability of Trump Marina and the Trump Indiana Riverboat to generate cash from operations and the ability of Trump 29 Services to earn management fees sufficient for such purposes. In the case of principal payments at
maturity, the ability to refinance such indebtedness is also important. The future operating performance of TCHs properties is subject to general economic conditions, industry conditions, including competition and regulatory matters, and
numerous other factors, many of which are unforeseeable or are beyond our control. There can be no assurance that the future operating performance of our properties will be sufficient to generate the cash flows required to meet the debt service
obligations of the properties. The ability of our properties to pay the principal amount of their public debt at maturity (whether scheduled or by acceleration thereof) is primarily dependent upon our ability to obtain refinancing. There is also no
assurance that the general state of the economy, the status of the capital markets generally, or the receptiveness of the capital markets to the gaming industry or to TCH and its subsidiaries will be conducive to refinancing debt at any given time
or on more favorable terms.

We Do Not Know How the Borgata will Affect Us in the Long
Term.

In July 2003, the Borgata Casino Hotel and Spa, a joint development of Boyd Gaming and MGM
Mirage, opened in Atlantic Citys Marina District. The Borgata has approximately 2,000 rooms and suites, an approximate 135,000 square-foot casino, restaurants, retail shops, a spa and pool and entertainment venues.  Since its recent
opening, the Borgata has adversely

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

affected
the results of Trump Marina, compared to the same period in the prior year.  This effect may be temporary and attributable to the desire of gaming patrons to visit a new casino. In addition, a connector road between the Borgata and Trump Marina
has not been completed, making travel between the two properties inconvenient.  The connector project is anticipated to be completed in the Fall of 2003, and when completed, is expected to improve traffic flow from the Borgata to Trump
Marina.  It is too early to determine, however, whether or not the Borgata will adversely affect Trump Marina and the Company in the long term.  While we believe that the opening of the Borgata will attract additional visitors to Atlantic
City, especially to the Marina District where Trump Marina is situated, it is possible that the Borgata could have an adverse effect on the long-term business and operations of Trump Marina.  See Financial Condition  Liquidity and
Capital Resources.

Taxation of the gaming industry, already significant, may increase in
the future which would reduce our profitability.

The casino industry represents a significant source
of tax revenues to the various jurisdictions in which casinos operate. We, as well as other gaming companies, are currently subject to significant state and local taxes and fees in addition to normal federal and state corporate income taxes. New
Jersey taxes annual gaming revenues at the rate of 8.0% and levies an annual investment alternative tax of 2.5% on annual gaming revenue. This 2.5% obligation, however, can be satisfied by purchasing certain bonds or making certain investments in
the amount of 1.25% of annual gaming revenues. In July 2002, the State of New Jersey passed the New Jersey Business Tax Reform Act, which, among other things, requires the suspension of the use of net operating loss carryforwards for two years and
imposes a new Alternative Minimum Assessment amount under the New Jersey corporate business tax based on either gross receipts or gross profits, as defined.

On July 1, 2003, the New Jersey legislature passed a law that increases the taxation of New Jersey casinos. The new law imposes a 4.25%
tax on complimentaries (i.e., free rooms, food, beverages and entertainment given to patrons).Complimentary rooms are deemed to initially be valued at $67 per room. Other complimentaries are valued at
retail value or cost. In addition to the tax on complimentaries, a 7.5% tax is imposed on each casinos 2002 adjusted net income, defined as net income plus management fees, subject to a minimum tax of $350,000 per casino. Finally, the revised
law imposes an additional $3.00 fee per day on each occupied hotel room, increases the parking fee from $2.00 to $3.00 per car per day and eliminates the casinos ability to retain $0.50 to offset administrative costs. Although any tax increase
on our New Jersey casino will reduce our overall profitability, the Company does not believe the recent law will affect its ability to service its debt.

From time to time, as was the case in the second quarter of 2002 in Indiana, various state and federal legislators have proposed changes in tax laws
that affect the gaming industry. In connection with permitting dockside gaming which we believe is advantageous, the Indiana state legislature passed legislation effective July 1, 2002 that increased the gaming tax rates in Indiana. If a casino
elects to become a dockside operation, the gaming tax rate structure changes from a flat tax rate of 22.5% to a graduated scale with a maximum tax rate of 35.0%, depending on gaming revenue level. Trump Indiana became a dockside operation in August
2002. As a result of a legislative bill passed by the State of Indiana during the second quarter of 2003, Trump Indiana recorded a $1.9 million retroactive recalculation of wagering tax due to the State of Indiana.

Our Business is Subject to a Variety of Other Risks and Uncertainties.

Our financial condition and results of operations could be affected by other events and uncertainties that are beyond our control such
as (i) capital market conditions which could affect our ability to raise capital for refinancing debt or pursuing other alternatives, (ii) future acts of terrorism and their impact on capital markets, the economy, consumer behavior and operating
expenses, including insurance premiums, (iii) competition from existing and potential new competitors in Atlantic City and other markets, which is likely to increase over the next five years, (iv) regulatory changes, and (v) adverse or unfavorable
weather conditions.

Critical Accounting Policies

The preparation of our financial statements in accordance with accounting principles generally accepted in the United States requires
management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses
during the reporting periods. Management periodically evaluates the Companys policies and the estimates and assumptions related to such  policies. Trump Marina and Trump Indiana operate in highly regulated industries and are subject to
regulations that describe and

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

regulate
operating and internal control procedures.  The Company believes its most critical accounting policies and significant estimates are described below.

Revenue Recognition and Allowance for Doubtful Accounts

The majority of the Companys revenue is from gaming activities, and the majority of such revenue is derived from cash, which by
nature does not require complex estimations. The Company extends credit to certain qualified patrons on a discretionary basis.  Credit play as a percentage of total dollars wagered on table games has recently been approximately 20%.  Trump
Marina and Trump Indiana establish credit limits based upon the particular patrons creditworthiness, as determined by an examination of various factors including a credit check of the patron, a verification of the patrons personal
checking account balance, and a verification of the patrons credit limits and indebtedness at other casinos in the United States, as well as many island casinos.  The Company maintains an allowance for doubtful accounts for a portion of
those customers whose checks have been unable to be deposited due to non-sufficient funds.  This allowance is based on a specific review of customer accounts as well as a review of the history of write-offs of returned markers. 
Management  believes that the reserve recorded is reasonable; however, these estimates could change in the near term based on the actual collection experience with each returned marker.

Long-lived Assets

Management has determined that the Companys policy associated with its long-lived assets and the related estimates is critical to
the preparation of the consolidated financial statements. The Company has a significant investment in long-lived property and equipment. Management estimates that the undiscounted future cash flows expected to result from the use of these assets
exceed the current carrying value of these assets. Any adverse change to the estimate of these undiscounted cash flows could necessitate an impairment charge that would adversely affect operating results. Management estimates the useful lives for
the Companys assets based on historical experience and the estimates of assets commercial lives.  Should the actual useful life of a class of assets differ from the estimated useful life, an impairment charge would berecorded. Management reviews useful lives and obsolescence and assesses commercial viability of the Companys assets periodically.

Self- Insurance Reserves

Self-insurance reserves represent the estimated amounts of uninsured claims related to employee health medical costs, workers
compensation, and personal injury claims that have occurred in the normal course of business.  These reserves are established by management based upon specific review of open claims, with consideration of incurred but not reported claims as of
the balance sheet date.  The costs of the ultimate disposition of these claims may differ from these reserve estimates.

Recent Accounting Pronouncements

In July 2001, the FASB issued SFAS No. 143, Accounting for Asset Retirement Obligations. This standard addresses the
financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs.  The standard is effective for fiscal years beginning after June 15, 2002.  The
effect of adoption was not material to the Companys financial results.

In November 2002, the FASB
issued Interpretation No. 45, Guarantors Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others, an Interpretation of FASB Statements No. 5, 57, and 107 and Rescission of FASB
Interpretation No. 34 (FIN No. 45).  The interpretation requires that upon issuance of a guarantee, the entity must recognize a liability for the fair value of the obligation it assumes under that obligation.  This
interpretation is intended to improve the comparability of financial reporting by requiring identical accounting for guarantees  issued with separately identified consideration and guarantees issued without separately identified
consideration.  For the Company, the initial recognition, measurement provision and disclosure requirements of FIN No. 45 are applicable to guarantees issued or modified after December 31, 2002.  The effect of adoption was not material to
the Companys financial results.

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

In January 2003, the FASB issued Interpretation No. 46, Consolidation of Variable Interest Entities (FIN No.
46).  This interpretation clarifies the application of Accounting Research Bulletin No. 51, Consolidated Financial Statements, to certain entities in which equity investors do not have the characteristics of a controlling
financial interest or do not have sufficient subordinated financial support from other parties.  FIN No. 46 applies immediately to variable interest entities created after January 31, 2003, and to variable interest entities in which an
enterprise obtains an interest after that date.  For existing variable interest entities, the consolidated requirement is effective for interim or annual financial statements beginning after June 15, 2003.  The Company is evaluating
whether it has any variable interest entities, which will be subject to consolidation pursuant to FIN No. 46.

Financial Condition - Liquidity and Capital Resources

Historically, cash flows from operating activities have been the primary source of liquidity for Trump Marina and Trump
Indiana. Trump Marina and Trump Indiana have relied on borrowings or capital lease financing for their liquidity and/or capital resources.

We will continue to rely primarily on cash flows from operating activities for our liquidity and capital resources. Our ability to
borrow funds for our liquidity needs will be severely restricted by covenants in the indentures governing the TCH Notes and by our high level of indebtedness. Sources of our short-term and long-term liquidity will include primarily: (i) slot win,
(ii) table win, (iii) room occupancy, (iv) food and beverage sales and (v) miscellaneous items, less promotional expenses. Although we expect to have sufficient liquidity from the operating activities of Trump Marina and Trump Indianaand the management fees received by Trump 29 Services to meet our obligations in 2003, there can be no assurances in this regard. A variety of factors, including a decrease or change in the demand for our services,
could have a material adverse effect on our liquidity.

Our combined cash and cash equivalents at June 30,
2003 were $35.8 million compared to $33.9 million at December 31, 2002. A portion of the cash and cash equivalents balance is required for the day-to-day operations of Trump Marina and Trump Indiana, which includes approximately $13.0 million of
currency and coin on-hand for casino and hotel operations. This amount varies by days of the week, holidays, and seasons.

Trump Marina competes with other Atlantic City casino/hotels on the basis of customer service, the array of games offered, the
attractiveness of a casino/hotel and on extent and quality of the facilities and amenities.

In July 2003,
the Borgata, a casino hotel built through a joint venture of MGM Mirage and Boyd Gaming, opened in Atlantic Citys marina district. The long term impact of the Borgata on Atlantic Citys casinos and, in particular, Trump Marina, cannot be
ascertained at this time. See General; We Do Not Know How the Borgata Will Affect Us in the Long Term.

The cost of the new garage at Trump Indiana, which we own with a joint venture partner that is an affiliate of Majestic Star, was
financed with a $20.9 million loan which is secured by an assignment of two separate leases of the garage from the joint venture to each of: (i) Trump Indiana, Inc. pursuant to a lease, dated June 19, 2001, and (ii) Majestic Star under a
substantially identical lease. The term of the lease between the joint venture and Trump Indiana, Inc. expires on December 31, 2018. The initial rent payment paid by Trump Indiana, Inc. was approximately $8.4 million. In addition, Trump Indiana,
Inc. is obligated to pay the joint venture a monthly rent equal to 50% of the debt service on the $20.9 million loan and 50% of any construction costs incurred by the joint venture in excess of the net proceeds of the financing. In the event either
Trump Indiana, Inc. or Majestic Star defaults on its rental obligations under its respective garage lease with the joint venture, the other venturer will be obligated to pay rent in an amount sufficient to satisfy 100% of the joint ventures
debt service obligations under the loan.

Pursuant to the Trump 29 Management Agreement, Trump 29 Services
manages and directs all business and affairs in connection with the day-to-day operation, management and maintenance of Trump 29. In consideration for its management services, Trump 29 Services is entitled to an annual management fee equal to 30.0%
of net revenues (as defined in the management agreement), which is payable monthly in arrears. Payments of the management fee are subject to the payment of certain priority amounts under the Trump 29 Management Agreement. In addition, Trump 29
Services has agreed to subordinate its right to receive management fees to the payment by the Tribe of the Tribes bank debt. As a result of such subordination, until the Tribes bank debt is paid in full, Trump 29 Services may not accept
or receive any prepayment of its management fee or accept or receive any payment from the Tribe in respect of the management fee if a default has occurred and is continuing under the Tribes bank debt

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

or if such
payment of the management fee would result in a default under the Tribes bank debt. Trump 29 Services also agreed to guarantee repayment of up to $2.5 million of the Tribes bank debt.

Because the Company has substantial indebtedness and related interest expense, we have not been able to pursue various capital expansion
plans such as the addition of more hotel rooms. Capital expenditures for TCH for the six months ended June 30, 2002 and 2003 are as follows:

TRUMP CASINO HOLDINGS
CONSOLIDATING CAPITAL EXPENDITURES (in thousands)

|                                       |  | Trump Marina |       | Trump Indiana |   | Total TCH | 
|-------------------------------------- |  | ------------ | ----- | ------------- | - | --------- | 
|                                       |  |              |       |               |   |           | 
|FOR THE SIX MONTHS ENDED JUNE 30, 2002 |  |              |       |               |   |           | 
|Purchase of Property & Equipment       |  | $            | 1,868 |               | $ | 6,431     | 
|Capital Lease Additions                |  |              | 3,011 |               |   | 10        | 
|                                       |  |              |       |               |   |           | 
|Total Capital Expenditures             |  | $            | 4,879 |               | $ | 6,441     | 
|                                       |  |              |       |               |   |           | 
|FOR THE SIX MONTHS ENDED JUNE 30, 2003 |  |              |       |               |   |           | 
|Purchase of Property & Equipment       |  | $            | 2,408 |               | $ | 1,684     | 
|Capital Lease Additions                |  |              | 5,831 |               |   | 4,710     | 
|                                       |  |              |       |               |   |           | 
|Total Capital Expenditures             |  | $            | 8,239 |               | $ | 6,394     | 
|                                       |  |              |       |               |   |           | 

Comparison of Results of Operations for the Three Month Periods Ended June 30, 2002 and
2003

Overview

We own and
operate two casino gaming facilities, Trump Marina and the Trump Indiana Riverboat, and manage a third casino gaming facility, Trump 29. These businesses derive substantial benefit from the Trump name and its association with quality
amenities and first class service. A number of other factors, including proven executive and property level management, combined with our focus on slot revenue, well-targeted marketing programs, stringent cost controls, strong customer service and
improved customer access to our owned properties have positioned each property to capitalize on its strong competitive position. We believe that our business strategy discussed above at each property should enable us to capitalize on certain
near-term growth opportunities.

In connection with the TCH Notes Offering, Marina Associates, Trump
Indiana, Inc. and THCR Management became wholly-owned subsidiaries of TCH. There was no other entity, which had significant assets or operations, which became a wholly-owned subsidiary of TCH. Prior to the date of consummation of the TCH Notes
Offering, TCH had no significant assets or operations. Accordingly, we have included a discussion and analysis of the financial condition and results of operations of each of Marina Associates, Trump Indiana, and THCR Management. Managements
Discussion and Analysis of Financial Condition and Results of Operations of each of these entities should be read in connection with the respective financial statements and notes thereto included elsewhere in this Form 10-Q.

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

The financial information presented below reflects the financial condition and results of operations of Trump Marina and Trump Indiana.
TCF is a wholly-owned subsidiary of TCH and has no business operations.

|                                                    |  | Three Months Ended June 30, |        
|--------------------------------------------------- |  | --------------------------- | -------
|                                                    |  |                             |        
|                                                    |  | 2002 Trump Marina           |        
|                                                    |  |                             |        
|                                                    |  | (in thousands)              |        
|Revenues:                                           |  |                             |        
|Gaming                                              |  | $                           | 70,262 
|Other                                               |  |                             | 15,524 
|                                                    |  |                             |        
|Gross revenues                                      |  |                             | 85,786 
|Less: promotional allowances                        |  |                             | 17,296 
|                                                    |  |                             |        
|Net revenues                                        |  |                             | 68,490 
|                                                    |  |                             |        
|Costs and expenses:                                 |  |                             |        
|Gaming                                              |  |                             | 31,931 
|Other                                               |  |                             | 3,938  
|General and administrative                          |  |                             | 14,678 
|General and administrative - related party          |  |                             | 1,959  
|Debt renegotiation costs                            |  |                             | 656    
|Depreciation and amortization                       |  |                             | 5,298  
|                                                    |  |                             |        
|Total costs and expenses                            |  |                             | 58,460 
|                                                    |  |                             |        
|Income from operations                              |  |                             | 10,030 
|                                                    |  |                             |        
|Interest income                                     |  |                             | 133    
|Interest expense                                    |  |                             | (11,389
|Interest expense - related party                    |  |                             | (4,451 
|Other non-operating income (expense)                |  |                             |       
|                                                    |  |                             |        
|Total non-operating expense, net                    |  |                             | (15,707
|                                                    |  |                             |        
|Income (loss) before joint venture and income taxes |  |                             | (5,677 
|Equity in loss from Buffington Harbor               |  |                             |       
|Provision for income taxes                          |  |                             |       
|                                                    |  |                             |        
|Net income (loss)                                   |  | $                           | (5,677 
|                                                    |  |                             |        

*   Income and expenses of TCH and THCR Management are not separately shown.

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

Gaming revenues are the primary source of TCHs revenues and primarily consist of slot machine/table game win. The following chart
details activity for the major components of gaming revenue:



|                                      |  | Three Months Ended June 30, |        
|------------------------------------- |  | --------------------------- | -------
|                                      |  |                             |        
|                                      |  | 2002 Trump Marina           |        
|                                      |  |                             |        
|                                      |  | (in thousands)              |        
|Table Game Revenue                    |  | $                           | 17,215 
|Increase (decrease) from Prior Period |  |                             |        
|Table Game Drop                       |  | $                           | 92,961 
|Increase (decrease) from Prior Period |  |                             |        
|Table Game Win Percentage             |  |                             | 18.5   
|Increase (decrease) from Prior Period |  |                             |        
|Number of Table Games                 |  |                             | 79     
|Increase (decrease) from Prior Period |  |                             |        
|Slot Revenue                          |  | $                           | 52,840 
|Increase (decrease) from Prior Period |  |                             |        
|Slot Handle                           |  | $                           | 674,835
|Increase (decrease) from Prior Period |  |                             |        
|Slot Win Percentage                   |  |                             | 7.8    
|Increase (decrease) from Prior Period |  |                             |        
|Number of Slot Machines               |  |                             | 2,528  
|Increase (decrease) from Prior Period |  |                             |        
|Other Gaming Revenue                  |  | $                           | 207    
|Increase (decrease) from Prior Period |  |                             |        
|Total Gaming Revenues                 |  | $                           | 70,262 
|Increase (decrease) from Prior Period |  |                             |        
|Number of Guest Rooms Sold            |  |                             | 59,852 
|Occupancy Rate                        |  |                             | 90.4   
|Average Daily Rate (Room Revenue)     |  | $                           | 78.38  

*   Income and expenses of TCH and THCR Management are not separately shown.

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

Table games revenues decreased approximately $774,000, or 3.4%, to $21,980,000 for the three months ended June 30, 2003 from $22,754,000
for the three months ended June 30, 2002.  This decrease was due primarily to a reduced table game win percentage from 18.1% for the three months ended June 30, 2002 to 17.5% for the three months ended June 30, 2003.

Non-gaming revenues, in the aggregate, increased approximately $921,000, or 4.9%, to $19,561,000 for the three months ended
June 30, 2003 from $18,640,000 for the three months ended June 30, 2002. Marina Associates cash sales from non-gaming operations increased by approximately $176,000, or 2.5%, to  $7,138,000 for the three months ended June 30, 2003 from
$6,962,000 for the three months ended June 30, 2002.  Also, Marina Associates promotional allowances increased approximately $383,000, or 2.2%, to $17,679,000 for the three months ended June 30, 2003 from $17,296,000 for the three months ended
June 30, 2002. These results reflect the continued operating strategy designed to efficiently utilize marketing costs and to increase cash sales from its non-gaming operations.

Gaming costs and expenses increased approximately $1,055,000, or 2.2%, to $49,268,000 for the three months ended June 30, 2003 from
$48,213,000 for the three months ended June 30, 2002.  This increase was due primarily to Trump Indianas recognition of an additional $1,942,000 of retroactive gaming tax as required by recent legislation, which changed the effective
dates of Indianas gaming tax structure.

Room costs and expenses increased by approximately $203,000,
or 13.1%, to $1,753,000 for the three months ended June 30, 2003 from $1,550,000 for the three months ended June 30, 2002. This variance was due primarily to increased costs associated with Trump Indiana adding two departments, Hotel Sales and
Customer Service.

General and administrative costs and expenses increased approximately $2,532,000, or
12.5% to $22,848,000 for the three months ended June 30, 2003 from $20,316,000 for the three months ended June 30, 2002. This increase is due primarily to costs incurred by Marina Associates related to increased real estate taxes, insurance costs
and write-offs of casino reinvestment deposits.

General and administrative - related party costs and
expenses decreased approximately $1,854,000, or 59.2%, to $1,280,000 for the three months ended June 30, 2003 from $3,134,000 for the three months ended June 30, 2002 primarily due to the termination, retroactive to January 1, 2003, of Trump
Marinas services agreement and the assignment of Trump Indianas management services agreement from THCR Holdings to TCH in connection with the debt refinancing discussed in Note 2.

Debt renegotiation costs decreased approximately $917,000, or 97.6%, to $23,000 for the three months ended June 30, 2003 from $940,000
for the three months ended June 30, 2002. The 2002 expenses were related to abandoned efforts to refinance the then existing long term debt of the Registrants subsidiaries. On May 17, 2002, these refinancing efforts were terminated.

Depreciation and amortization increased approximately $402,000, or 6.0%, to $7,117,000 for the three months ended
June 30, 2003 from $6,715,000 for the three months ended June 30, 2002.  The increase is primarily due to depreciation associated with increased levels of slot machine purchases.

Interest expense increased approximately $4,641,000, or 37.4%, to $17,046,000 for the three months ended June 30, 2003 from $12,405,000
for the three months ended June 30, 2002 primarily due to two reasons: (i) additional interest expense associated with the redemption of the THCR Holdings Senior Notes by TCH upon the consummation of the TCH Notes Offering and (ii) additional
interest expense related to the Second Priority Notes payable through the issuance payable-in-kind notes.

Interest expense - related party costs decreased approximately $4,917,000, or 100.0%, to $0 for the three months ended June 30, 2003
from $4,917,000 for the three months ended June 30, 2002 primarily due to the redemption of the Castle PIK Notes on March 25, 2003.

In accordance with the New Jersey Business Tax Reform Act, Marina Associates has recorded a provision for current income tax expense of
$300,000 for the three months ended June 30, 2003.  There was no comparable expense in the three months ended June 30, 2002 since this change was recorded beginning in the period in which the tax law was passed (third quarter 2002) pursuant to
the accounting literature in Financial Accounting Standards Board Statement Number 109, Accounting for Income Taxes.

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##### Table of Contents

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

The financial information presented below reflects the financial condition and results of operations of Trump Marina and Trump Indiana.
TCF is a wholly owned subsidiary of TCH and has no business operations.

|                                                    |  | Six Months Ended June 30, |        
|--------------------------------------------------- |  | ------------------------- | -------
|                                                    |  |                           |        
|                                                    |  | 2002 Trump Marina         |        
|                                                    |  |                           |        
|                                                    |  | (in thousands)            |        
|Revenues:                                           |  |                           |        
|Gaming                                              |  | $                         | 137,552
|Other                                               |  |                           | 28,308 
|                                                    |  |                           |        
|Gross revenues                                      |  |                           | 165,860
|Less: promotional allowances                        |  |                           | 34,158 
|                                                    |  |                           |        
|Net revenues                                        |  |                           | 131,702
|                                                    |  |                           |        
|Costs and expenses:                                 |  |                           |        
|Gaming                                              |  |                           | 62,308 
|Other                                               |  |                           | 7,016  
|General and administrative                          |  |                           | 29,066 
|General and administrative - related party          |  |                           | 3,492  
|Debt renegotiation costs                            |  |                           | 1,127  
|Depreciation and amortization                       |  |                           | 10,199 
|                                                    |  |                           |        
|Total costs and expenses                            |  |                           | 113,208
|                                                    |  |                           |        
|Income from operations                              |  |                           | 18,494 
|                                                    |  |                           |        
|Interest income                                     |  |                           | 166    
|Interest expense                                    |  |                           | (22,696
|Interest expense - related party                    |  |                           | (8,753 
|Gain (loss) on debt retirement, net                 |  |                           |       
|Other non-operating income (expense)                |  |                           |       
|                                                    |  |                           |        
|Total non-operating expense, net                    |  |                           | (31,283
|                                                    |  |                           |        
|Income (loss) before joint venture and income taxes |  |                           | (12,789
|Equity in loss from Buffington Harbor               |  |                           |       
|Provision for income taxes                          |  |                           |       
|                                                    |  |                           |        
|Net income (loss)                                   |  | $                         | (12,789
|                                                    |  |                           |        

*   Income and expenses of TCH and THCR Management are not separately shown.

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##### Table of Contents

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

Gaming revenues are the primary source of TCHs revenues and primarily consist of slot machine/table game win. The following chart
details activity for the major components of gaming revenue:



|                                      |  | Six Months Ended June 30, |          
|------------------------------------- |  | ------------------------- | ---------
|                                      |  |                           |          
|                                      |  | 2002 Trump Marina         |          
|                                      |  |                           |          
|Table Game Revenue                    |  | $                         | 33,140   
|Increase (decrease) from Prior Period |  |                           |          
|Table Game Drop                       |  | $                         | 178,377  
|Increase (decrease) from Prior Period |  |                           |          
|Table Game Win Percentage             |  |                           | 18.6     
|Increase (decrease) from Prior Period |  |                           |          
|Number of Table Games                 |  |                           | 79       
|Increase (decrease) from Prior Period |  |                           |          
|Slot Revenue                          |  | $                         | 104,073  
|Increase (decrease) from Prior Period |  |                           |          
|Slot Handle                           |  | $                         | 1,323,846
|Increase (decrease) from Prior Period |  |                           |          
|Slot Win Percentage                   |  |                           | 7.9      
|Increase (decrease) from Prior Period |  |                           |          
|Number of Slot Machines               |  |                           | 2,526    
|Increase (decrease) from Prior Period |  |                           |          
|Other Gaming Revenue                  |  | $                         | 339      
|Increase (decrease) from Prior Period |  |                           |          
|Total Gaming Revenues                 |  | $                         | 137,552  
|Increase (decrease) from Prior Period |  |                           |          
|Number of Guest Rooms Sold            |  |                           | 114,604  
|Occupancy Rate                        |  |                           | 87.0     
|Average Daily Rate (Room Revenue)     |  | $                         | 77.57    

*   Income and expenses of TCH and THCR Management are not separately shown.

Table games revenues decreased approximately $3,979,000, or 8.8%, to $41,009,000 for the six months ended June 30,
2003 from $44,988,000 for the six months ended June 30, 2002.  This decrease was due primarily to two reasons (i) decrease in table drop of $6,745,000, or 2.7%, to $238,840,000 for the six months ended June 30, 2003 from $245,585,000 for the
six months ended June 30, 2002 and (ii) a reduced table game win percentage from 18.3% for the six months ended June 30, 2002 to 17.2% for the six months ended June 30, 2003.  The table drop decrease was largely due to Trump Indianas
decision to eliminate high end table player marketing efforts, a change in the Asian bus program in the third quarter of 2002, and the general decrease in table game play experienced throughout the industry.

Slot revenues decreased approximately $1,226,000, or 0.8%, to $155,571,000 for the six months ended June 30, 2003 from $156,797,000 for
the six months ended June 30, 2002.  This decrease was due primarily to an $80,666,000, or 4.0% decrease in slot handle which was the result of severe winter weather conditions in the Atlantic City market as well as adverse economic conditions
and the war in Iraq.

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##### Table of Contents

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

Non-gaming revenues increased approximately $1,453,000, or 4.3%, to $35,015,000 for the six months ended June 30, 2003 from $33,562,000
for the six months ended June 30, 2002. This increase was due primarily to additional Trump 29 management fees earned in 2003.

Room costs and expenses increased approximately $152,000, or 5.0%, to $3,183,000 for the six months ended June 30, 2003 from $3,031,000
for the six months ended June 30, 2002.  This increase was due primarily to a $210,000 increase in room costs and expenses from Trump Indiana. This variance was due primarily to increased costs associated with Trump Indiana adding two
departments, Hotel Sales and Customer Service.

General and administrative costs and expenses increased
approximately $3,935,000, or 9.8%, to $44,223,000 for the six months ended June 30, 2003 from $40,288,000 for the six months ended June 30, 2002. This increase is due primarily to costs incurred by Marina Associates related to increased real estate
taxes, insurance costs, utilities and write-offs of casino reinvestment deposits.

General and
administrative - related party costs and expenses decreased approximately $1,864,000, or 31.9%, to $3,978,000 for the six months ended June 30, 2003 from $5,842,000 for the six months ended June 30, 2002 primarily due to the termination, retroactive
to January 1, 2003, of Trump Marinas services agreement in connection with the debt refinancing discussed in Note 2.

Debt renegotiation costs decreased approximately $1,010,000, or 71.6%, to $401,000 for the six months ended June 30, 2003 from
$1,411,000 for the six months ended June 30, 2002. The 2002 expenses were related to abandoned efforts to refinance the then existing long term debt of the Registrants subsidiaries. On May 17, 2002, these refinancing efforts were
terminated.

Depreciation and amortization increased approximately $1,346,000, or 10.4%, to $14,349,000 for
the six months ended June 30, 2003 from $13,003,000 for the six months ended June 30, 2002.  The increase is due primarily to depreciation associated with increased levels of slot machine purchases.

Interest expense increased approximately $7,227,000, or 29.2%, to $31,981,000 for the six months ended June 30, 2003 from $24,754,000
for the six months ended June 30, 2002 primarily due to three reasons: (i) an additional 30 days of interest associated with the call for redemption of the Castle Funding Mortgage Notes and the Castle PIK Notes, (ii) additional interest expense
associated with the redemption of the THCR Holdings Senior Notes by TCH upon the consummation of the TCH Notes Offering and (iii) additional interest expense related to the Second Priority Notes payable through the issuance of payable-in-kind
notes.

Interest expense - related party costs decreased approximately $3,465,000, or 35.8%, to $6,226,000
for the six months ended June 30, 2003 from $9,691,000 for the six months ended June 30, 2002 primarily due to the redemption of the Castle PIK Notes on March 25, 2003.

In connection with the TCH Notes Offering, TCH recorded a net gain of $7,931,000 which consists of a net gain of $10,451,000 on the
retirement of Castle Fundings 11.75% Mortgage Notes due 2003 and the Castle PIK Notes, the settlement of Trump Indianas interest rate swap for $851,000 and the write-off of unamortized loan costs of approximately $1,669,000.

In accordance with the New Jersey Business Tax Reform Act, Marina Associates has recorded a provision for current
income tax expense of $600,000 for the six months ended June 30, 2003.  There was no comparable expense in the six months ended June 30, 2002 since this change was recorded beginning in the period in which the tax law passed (third quarter
2002) pursuant to the accounting literature in Financial Accounting Standards Board Statement Number 109, Accounting for Income Taxes.

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##### Table of Contents

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (Continued)

Seasonality

Our cash flows from operating activities are seasonal in nature.
Spring and summer are traditionally the peak seasons for Trump Marina, with autumn and winter being non-peak seasons. Trump 29s peak seasons are late winter and spring. Trump Indiana is not seasonal. Since Trump Marina accounts for the
majority of our business, our operating results for the two quarters ending in March and December are not historically as profitable as the two quarters ending in June and September. Any excess cash flow achieved from operations during peak seasons
is used to subsidize non-peak seasons. Performance in non-peak seasons is usually dependent on favorable weather and a long-weekend holiday calendar. In the event that we are unable to generate excess cash flows in one or more peak seasons, we may
not be able to subsidize non-peak seasons, if necessary.

ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Management has reviewed the disclosure requirements for Item 3 and, based upon the Registrants current capital structure, scope of
operations and financial statement structure, management believes that such disclosure is not warranted at this time. Since conditions may change, the Registrants will periodically review their compliance with this disclosure requirement to the
extent applicable.

ITEM 4 - CONTROLS AND PROCEDURES

| | (a) | Evaluation of Disclosure Controls and Procedures. Based on their evaluation as of the end of the period covered by this Quarterly Report on Form 10-Q, the principal
executive officer and principal financial officer of each of the Registrants have concluded that their disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the Exchange
Act)) are effective to ensure that information required to be disclosed by the Registrants in reports that they file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in
Securities and Exchange Commission rules and forms.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| | (b) | Changes in Internal Controls. There were no specific changes in the Registrants internal controls over financial reporting during the fiscal quarter covered by this Form 10-Q
that have materially affected, or are reasonably likely to materially affect, the Registrants internal controls over financial reporting.                                                                                                                                                                                                                                                                                                                                                                                          

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##### Table of Contents

PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

From
time to time, TCH, members of its former executive committee, and certain of its employees are involved in various legal proceedings. In general, TCH has agreed to indemnify such persons against any and all losses, claims, damages, expenses
(including reasonable costs, disbursements and counsel fees) and liabilities (including amounts paid or incurred in satisfaction of settlements, judgments, fines and penalties) incurred by them in said legal proceedings.

ITEM 2 - CHANGES IN SECURITIES AND USE OF PROCEEDS

Not Applicable.

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

Not Applicable.

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not
Applicable.

ITEM 5 - OTHER INFORMATION

On June 25, 2003, the New Jersey Casino Control
Commission renewed Marina Associates casino license to operate Trump Marina through June 25, 2007.

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

| | a.                                                                                                                                                                                                   | Exhibits:                                                                                                                                                                                   
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                      |                                                                                                                                                                                             
| | 31.1                                                                                                                                                                                                 | Certification of the Chief Executive Officer of the Registrants Pursuant to Rule 13a-14(a)/15(d)-14(a) of the Securities Exchange Act of 1934, as Amended.                                  
| |                                                                                                                                                                                                      |                                                                                                                                                                                             
| | 31.2                                                                                                                                                                                                 | Certification of the Principal Financial and Accounting Officer of the Registrants Pursuant to Rule 13a-14(a)/15(d)-14(a) of the Securities Exchange Act of 1934, as Amended.               
| |                                                                                                                                                                                                      |                                                                                                                                                                                             
| | 32.1                                                                                                                                                                                                 | Certification of the Chief Executive Officer of the Registrants Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                   
| |                                                                                                                                                                                                      |                                                                                                                                                                                             
| | 32.2                                                                                                                                                                                                 | Certification of the Principal Financial and Accounting Officer of the Registrants Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
| |                                                                                                                                                                                                      |                                                                                                                                                                                             
| | b.                                                                                                                                                                                                   | Current Reports on Form 8-K:                                                                                                                                                                
| |                                                                                                                                                                                                      |                                                                                                                                                                                             
| | Pursuant to the indentures governing the TCH Notes, THCR filed a Form 8-K with the SEC on May 23, 2003 containing
certain financial information relating to TCH for the period ended March 31, 2003.

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##### Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities
Exchange Act of 1934, each of the Registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

|                          | T
RUMP CASINO HOLDINGS, LLC
|------------------------- | ---------------------------
|                          |                            
|Date:     August 14, 2003 | By:                        
|                          |                            
|                          |                            
|                          |                            
|                          |                            
|                          |                            
|                          |                            
|                          | T
RUMP CASINO FUNDING, INC.
|                          |                            
|Date:     August 14, 2003 | By:                        
|                          |                            
|                          |                            

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EXHIBIT INDEX

|Exhibit No. |      | Description
|----------- | ---- | -----------
|            |      |            
|            | 31.1 |            
|            |      |            
|            | 31.2 |            
|            |      |            
|            | 32.1 |            
|            |      |            
|            | 32.2 |