EXHIBIT 25.01
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM T - 1
STATEMENT OF ELIGIBILITY UNDER THE TRUST
INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305 (b) (2) _________
U.S. BANK TRUST NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
13-3781471
(I. R. S. Employer
Identification No.)
100 Wall Street, New York, NY 10005
(Address of principal executive offices) (Zip Code)
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For Information, contact:
Dennis Calabrese, President
U.S. Bank Trust National Association
100 Wall Street, 16th Floor
New York, NY 10005
Telephone: (212) 361-2506
G + G Retail, Inc.
(Exact name of obligor as specified in its charter)
Delaware 22-3596083
(State or other jurisdiction of (I. R. S. Employer
incorporation or organization) Identification No.)
520 Eighth Avenue 10018
New York, New York
(Address of principal executive offices) (Zip Code)
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DEBT SECURITIES
Item 1. General Information.
Furnish the following information as to the trustee --
(a) Name and address of each examining or supervising authority to which
it is subject.
Name Address
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Comptroller of the Currency Washington, D. C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with the Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
Item 16. List of Exhibits.
Exhibit 1. Articles of Association of U.S. Bank Trust National
Association, incorporated herein by reference to
Exhibit 1 of Form T-1, Registration No. 333- 51961.
Exhibit 2. Certificate of Authority to Commence Business for First
Trust of New York, National Association now known as
U.S. Bank Trust National Association, incorporated herein
by reference to Exhibit 2 of Form T-1, Registration
No. 33-83774.
Exhibit 3. Authorization to exercise corporate trust powers for U.S.
Bank Trust National Association, incorporated herein by
reference to Exhibit 3 of Form T-1, Registration
No. 333-51961.
Exhibit 4. By-Laws of U.S. Bank Trust National Association,
incorporated herein by reference to Exhibit 4 of Form T-
1, Registration No. 333-51961.
Exhibit 5. Not applicable.
Exhibit 6. Consent of First Trust of New York, National Association
now known as U.S. Bank Trust National Association,
required by Section 321(b) of the Act, incorporated
herein by reference to Exhibit 6 of Form T-1,
Registration No. 33-83774.
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Exhibit 7. Report of Condition of U.S. Bank Trust National Association,
as of the close of business on March 31, 1999, published
pursuant to law or the requirements of its supervising or
examining authority.
Exhibit 8. Not applicable.
Exhibit 9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, U.S. Bank Trust National Association, a national banking
association organized and existing under the laws of the United States, has duly
caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 22nd day of June, 1999.
U.S. BANK TRUST
NATIONAL ASSOCIATION
By: /s/ Glenn W. Andersen
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Glenn W. Andersen
Vice President
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Exhibit 7
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U.S. Bank Trust National Association
Statement of Financial Condition
As of 3/31/99
($000'S)
3/31/99
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Assets
Cash and Due From Depository Institutions $ 44,844
Federal Reserve Stock 3,378
Fixed Assets 481
Intangible Assets 66,457
Other Assets 6,336
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Total Assets $121,496
Liabilities
Other Liabilities $ 9,247
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Total Liabilities $ 9,247
Equity
Common and Preferred Stock $ 1,000
Surplus 120,932
Undivided Profits (9,683)
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Total Equity Capital $112,249
Total Liabilities and Equity Capital $121,496
To the best of the undersigned's determination, as of this date the above
financial information is true and correct.
U.S. Bank Trust National Association
By:/s/ Glenn W. Andersen
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Vice President
Date: June 22, 1999
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