RULE 424(b)(3)
REGISTRATION STATEMENT 333-114733
PROSPECTUS SUPPLEMENT
DATED DECEMBER 8, 2004
TO
PROSPECTUS DATED MAY 14, 2004
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CATSKILL LITIGATION TRUST
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This Prospectus Supplement, dated December 8, 2004 (the "Supplement No. 2"),
supplements that certain Prospectus dated May 14, 2004 (the "Original
Prospectus"), as supplemented by that certain Prospectus Supplement previously
filed on November 22, 2004 ("Supplement No. 1" and together with the Original
Prospectus, the "Prospectus") and should be read in conjunction with the
Prospectus.
SELLING UNITHOLDERS
The following updates the table under the section entitled "Selling
Unitholders" of the Prospectus with respect to the unitholders listed on the
table below, to account for sales and transfers of units listed in such table
that Catskill Litigation Trust is aware of since the date of the Prospectus.
Such transactions are as follows:
o on September 29, 2004, Robert A. Berman transferred his
units of beneficial interest in Catskill Litigation Trust to
Avon Road Partners, LP in accordance with the Prospectus'
Plan of Distribution;
The table, therefore, is amended as follows in order to (i) remove
Robert Berman as a Selling Unitholder and (ii) update the holdings of Avon Road
Partners, LP:
Beneficial Ownership
Number of after Offering
Units Maximum
Beneficially Number of Units
Owned Prior to be Offered Number Percent
Name to Offering for Resale of Units of Class
---- ----------- ---------- -------- --------
Avon Road Partners, LP 3,943,108 3,943,108 0 --
All provisions of the Prospectus not specifically amended by this
Supplement remain in full force and effect.
Please insert this Supplement No. 2 into your Prospectus and retain
both this Supplement and the Prospectus for future reference. If you would like
to receive a copy of the Prospectus, as supplemented to date, please write to
Catskill Litigation Trust at c/o Christiana Bank & Trust Company, 1314 King
Street, Wilmington, Delaware 19801 or call (302) 888-7400.
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