I know how ya feel, I've lost 50 pounds and still have a gut in porpotion th the rest of my body. take advantage of it though and start doing ab excersises as it's alot easier to turn fat into mucle then it is the just build muscle after you guts gone. then when the gut does go you'll have a six pack. oh yeah!
I keep hearing from everyone that those excersise balls are great for your abs, and cheaper than a machine or somethin
good luck