State of process at CREATE_PROCESS_DEBUG_EVENT

Hi All

After creating a process with DEBUG_PROCESS flag, when
CREATE_PROCESS_DEBUG_EVENT occurs, what is the state of the process? I
mean when the CREATE_PROCESS_DEBUG_EVENT event occurs is the process's
loading or initialization or dll loading etc is done or just the
address space created. And what would be contents of EIP when this
event occur? If anybody having any idea please let me know.

Thanks & Regards
Saurav

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