Exhibit 10.15
  
 Amendment Borrower Lender Secondary
Lender Agent Credit Agreement
     Amendments to the Credit Agreement Section 3
 Section 1.01
 Applicable Margin
 Section 1.01
 Section 1.01




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Section
1.01 clause (i) clause (ii)
  Section 1.01
 Section 1.01
 Section 1.01
 Section 1.01
 Participation Interest
 Section 2.01
  2




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Schedule I Exhibit A
 Amendment to Fee Letter Section 3
   Conditions of Effectiveness
 (a)
    
    duly executed counterparts of this Amendment from each of the Borrower, the
Lender, the Secondary Lender and the Agent;(b)
    
    duly certified resolutions of the Board of Directors of the Borrower (in form
and substance reasonably acceptable to the Agent) authorizing the execution and
delivery of this Amendment and performance of this Amendment and the Credit Agreement
and the Fee Letter as amended hereby; and(c)
    
    such other documents, instruments and agreements as the Agent shall
reasonably request.
 Representations and Warranties of the Borrower
 4.1.
    
    The Borrower hereby represents and warrants that this Amendment and the
Credit Agreement and the Fee Letter as previously executed and as
amended hereby constitute legal, valid and binding obligations of the Borrower and
are enforceable against the Borrower in accordance with their terms (except as
enforceability may be limited by bankruptcy, insolvency, or similar laws affecting
the enforcement of creditors rights generally).4.2.
    
    Upon the effectiveness of this Amendment and after giving effect hereto, the
Borrower hereby (i) reaffirms all covenants, representations and warranties made in
the Credit Agreement and the Fee Letter as amended hereby, and agrees that all such
covenants, representations and warranties are true and correct as of the effective
date of this Amendment and (ii) certifies that no Default or Event of Default has
occurred and is continuing.
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Effect on the Credit Agreement and the Fee Letter
 5.1.
    
    Upon the effectiveness of Section 1 hereof, on and after the date
hereof, each reference to the Credit Agreement in the Credit Agreement (including any
reference therein to this Agreement, hereunder, hereof, herein or words of like
import referring thereto) or in any other Program Document shall mean and be a
reference to the Credit Agreement as amended hereby.
 5.2.
    
    Upon the effectiveness of Section 2 hereof, on and after the date
hereof, each reference to the Fee Letter in the Fee Letter (including any reference
therein to this Fee Letter, hereunder, hereof, herein or words of like import
referring thereto) or in any other Program Document shall mean and be a reference to
the Fee Letter as amended hereby.
 5.3.
    
    Except as specifically amended above, each of the Credit Agreement, the Fee
Letter and all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and is hereby ratified and
confirmed.
 5.4.
    
    The execution, delivery and effectiveness of this Amendment shall not operate
as a waiver of any right, power or remedy of the Agent, the Lender or the Secondary
Lender, nor constitute a waiver of any provision of the Credit Agreement or any other
documents, instruments and agreements executed and/or delivered in connection
therewith.
 GOVERNING LAW. THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS
OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF SAID STATE.
 Headings
 Counterparts.
  4




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HIGHLAND DISTRESSED
OPPORTUNITIES, INC.,
as the BorrowerBy:Name:Title:LIBERTY STREET FUNDING LLC,
as the LenderBy:Name:Title:THE BANK OF NOVA SCOTIA, ACTING
THROUGH ITS NEW YORK AGENCY,
as the Secondary LenderBy:Name:Title:THE BANK OF NOVA SCOTIA, ACTING
THROUGH ITS NEW YORK AGENCY,
as the AgentBy:Name:Title:  ignature Page to Amendment No. 1  to Revolving Credit and Security Agreement




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Schedule I to Credit Agreement
 Certain Borrowing Base Advance Rates
 provided provided further
 S&P Rating
    
    Moodys Rating
    
    Borrowing Base Advance RateAAA
    
    Aaa
    
    69.0%AA+
    
    Aa1
    
    69.0%AA
    
    Aa2
    
    69.0%AA-
    
    Aa3
    
    69.0%A+
    
    A1
    
    69.0%A
    
    A2
    
    69.0%A-
    
    A3
    
    69.0%BBB+
    
    Baa1
    
    69.0%BBB
    
    Baa2
    
    69.0%BBB-
    
    Baa3
    
    69.0%BB+
    
    Ba1
    
    64.6%BB
    
    Ba2
    
    64.2%BB-
    
    Ba3
    
    60.8%B+
    
    B1
    
    55.9%B
    
    B2
    
    49.6%B-
    
    B3
    
    43.5%CCC+
    
    Caa1
    
    41.9%CCC
    
    Caa2
    
    32.1%CCC-
    
    Caa3
    
    19.3%