The timeshare developer is also eliminating a contract clausethat calls for Bluegreen/Big Cedar to guarantee the notes.

The notes were issued in 1998 and mature in 2008. The contract'sexpiration date was extended to Nov. 16 from Oct. 5. SunTrust Bankholds the notes.

In a prepared statement, Bluegreen Corp. says the amendedcontract would give it greater flexibility over the Missouriventure and future asset-securitization transactions when it comesto selling timeshare receivables and other assets to thirdparties.

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