TCR_Public/040605.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

               Saturday, June 5, 2004, Vol. 8, No. 111

                            Headlines


ADELPHIA: Devon Liquidating Trustee's March 2004 Report
ADELPHIA: Reports $36.8 Million Net Loss in April 2004
AIR CANADA: Post-Filing Obligations Amount to CN$1.3 Billion
AIR CANADA: Provides Projected Cash Budget Through Oct. 1, 2004
ALLEGIANCE TELECOM: April Net Loss Narrows to $2.4 Million

AMES DEPT: February 2004 Monthly Operating Report
AMES DEPT: Administratively Insolvent at April 3, 2004
AVADO BRANDS: Net Loss Widens to $3.12 Million in April 2004
BIOTRANSPLANT INC: Posts $75,681 Net Loss in February 2004
BURLINGTON: BII Trust's March 2004 Financial Report

DII & KBR: DII's Net Loss Climbs to $77.2 Million in April 2004
DII & KBR: April 2004 Profit Declines to $281K for BPM Minerals
DII & KBR: KBR Posts $18.8 Million Net Income for April 2004
DII & KBR: KBR Engineering's April Monthly Operating Report
DII & KBR: KBR Int'l Reports $1.3 Million Income in April 2004

DII & KBR: KBR Int'l (Panama) Posts Lower Income of $517K in April
DII & KBR: KBR Technical Reports $767,000 Net Loss in April 2004
DII & KBR: Mid-Valley's April 2004 Monthly Operating Report
ENRON: ENA Examiner's 107th Weekly Report - Mar. 29 to Apr. 2
ENRON: ENA Examiner's 108th Weekly Report - Apr. 5 to 9, 2004

ENRON: ENA Examiner's 109th Weekly Report - Apr 12 to 16, 2004
ENRON: Wind Systems Trust Files April Monthly Operating Report
FASTNET: Files Oct. 2003 to Dec. 2003 Monthly Operating Reports
GENTEK INC: Reports $22.1 Million First Quarter Profit
HAYES LEMMERZ: Creditor Trust Releases First Quarter 2004 Results

RCN CORP: Releases March 31, 2004 Balance Sheet
SOLUTIA INC: Reports $13 Million Net Loss in April 2004
SONICBLUE INC: Releases April 2004 Monthly Operating Report
UNITED AIRLINES: April Net Loss Widens to $137.2 Million
WESTPOINT STEVENS: Reports $7.4 Million Net Loss in April 2004

WESTPOINT STEVENS: JP Stevens & Co.'s April Operating Report
WESTPOINT STEVENS: JP Stevens Enterprises' April Operating Report
WESTPOINT STEVENS: WP STEVENS I Posts $2.9 Mil Income in April
WESTPOINT STEVENS: WP Stevens Stores' April Operating Report
WORLD ACCESS INC: Releases Oct. 2003 to March 2004 Cash Flow Data

                            *********

ADELPHIA: Devon Liquidating Trustee's March 2004 Report
-------------------------------------------------------
Gerard A. Shapiro of Buccino & Associates, Inc., the Liquidating
Trustee of Devon Mobile Communications, LP, provides the U.S.
Bankruptcy Court for the District of Delaware with financial
information on events for the period from December 30, 2003 to
March 26, 2004.

    Status of the Closing of Pending Sale Agreements

A. Buffalo Lake Erie Wireless Systems, Co., LLC (BLEW)

   The BLEW transaction closed on December 24, 2003 and was
   previously reported.  In connection with the closing, a
   $50,000 escrow was established to assess potential damages at
   the various sites.  It is likely that BLEW will be entitled to
   a substantial portion of the escrowed funds.  The Devon
   Trustee is in discussions with insurers regarding the two
   sites where damages and losses were confirmed.

B. Virginia and Maine Licenses

   The Federal Communications Commission approved the transfer of
   Devon's remaining Virginia license to Virginia Cellular, LLC.
   The Devon Trustee is awaiting approval on the transfer of the
   five remaining Maine licenses to Gary Curry.

C. Equipment

   On January 29, 2004 and February 6, 2004, the Devon Trustee,
   sold the remaining network equipment, which was held in a
   warehouse in Orchard Park, New York.  Net proceeds from the
   sales were $20,400 -- net of a 15% commission paid to an
   independent broker.  The proceeds were in the range of a prior
   appraisal and were consistent with market conditions.

   The Devon Trustee still owns two undelivered Cellular Towers
   and is currently marketing them for sale.

               Distributions Pursuant to the Plan

The Devon Trustee paid administrative expense claims aggregating
$5,767,980.  Administrative Expense Claims paid to date total
$7,441,874.  Additional Administrative Expense Claims, if
allowed, are not expected to exceed $200,000.

On January 28, 2004, the Devon Trustee paid the $80,702 GD
Secured Claim.

                 Amounts Received and Collected

The Devon Trustee received $196,073, which consisted of:

   * $116,205 of escrowed funds previously held by the Devon
     Debtors' counsel for payment of professional fees incurred
     prior to Plan Confirmation.  There are no amounts owing to
     professionals relating to pre-confirmation;

   * $44,500 remaining balance from the sale transaction with
     Verizon Wireless, which transaction closed on December 29,
     2003;

   * $20,400 relating to the sale of equipment;

   * $7,499 relating to refund of certain insurance premiums.
     The related policies were canceled if no longer required;

   * $7,106 of interest earned on cash on deposit;

   * $364 from various miscellaneous receipts.

                Fees and Expenses Paid or Incurred

The Devon Estate incurred $533,704 in total fees and expenses:

   * Fees and expenses paid to the Devon Trustee totaled
     $247,038 for work performed from December 14, 2003 to
     March 13, 2004;

   * Fees paid to professionals consisted of:

     (a) $197,917 paid to attorneys:

         -- $181,659 related to services and expenses for October
            to December 2003; and

         -- $16,529 related to services and expenses for January
            2004;

     (b) $27,245 to the Claims Agent for the period October to
         December 2003l; and

     (c) $27,812 disposition fee paid to the Investment Banker
         relating to the Verizon and BLEW transactions, which
         were completed in December 2003;

   * United States Trustee fees of $19,500 for the quarters ended
     September 30, 2003 and December 31, 2003;

   * An insurance premium of $4,100 was paid to extend commercial
     liability coverage.  About $3,100 was subsequently refunded
     and is included in the refund of insurance premiums;

   * Outside labor and related expenses of $3,100 for services
     from December 15, 2003 to February 1, 2004;

   * Landlord cure payments relating to the Verizon
     transaction of $1,997;

   * Rent for warehouse and office copier $1,389;

   * Utility payments totaling $3,062 relating to remaining
     electric charges on numerous cell sites; and

   * Miscellaneous office expenses -- phone, shipping, bank
     fees, etc. -- totaling $543.

               Liquidating Funding Amount Balances

As of the close of business on March 26, 2004, the Devon Trustee
held funds totaling $4,423,232 in three accounts at a major
commercial bank:

   Account                                          Balance
   -------                                          -------
   Money market account                          $4,277,845
   Checking account used for disbursements          118,477
   Account for distributions of Allowed Claims       26,910


ADELPHIA: Reports $36.8 Million Net Loss in April 2004
------------------------------------------------------

           Adelphia Communications Corporation, et al.
              Unaudited Consolidated Balance Sheet
                      As of April 30, 2004
                     (Dollars in thousands)

                              ASSETS

Cash and cash equivalents                              $251,144
Restricted cash                                          84,615
Subscriber receivables - net                            203,606
Prepaid expenses and other assets - net                  60,248
Investments                                              22,697
Intercompany receivables                             27,675,865
Related party receivables                             1,890,951
Property, plant and equipment - net                   7,017,938
Intangible assets - net                              15,387,530
Other assets - net                                      416,405
                                                    -----------
Total Assets                                        $53,010,999
                                                    ===========

              LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable                                        $87,466
Subscriber advance payments and deposits                110,441
Accrued interest and other liabilities                  465,293
Intercompany payables                                   629,266
Related party payables                                  162,471
Parent and subsidiary debt                              467,062
Deferred income taxes                                 2,004,835
                                                    -----------
Total current liabilities                             3,926,834

Liabilities subject to compromise:
   Parent and subsidiary debt                        13,421,601
   Parent and subsidiary debt attributable to Rigas
      entities                                        2,846,156
                                                    -----------
                                                     16,267,757

   Accounts payable                                     979,793
   Accrued interest and other liabilities               517,714
   Intercompany payables                             27,012,249
   Related party payables                             1,358,965
   Redeemable exchangeable preferred stock              148,794
                                                    -----------
Total liabilities subject to compromise              46,285,272
                                                    -----------
Total liabilities                                    50,212,106

Minority interests                                      544,607

Stockholders' equity:
   Convertible preferred stock                              397
   Class A and Class B common stock                       2,548
   Additional paid-in capital                         9,460,346
   Accumulated other comprehensive loss                  (6,585)
   Accumulated deficit                               (4,206,863)
   Treasury stock, at cost                             (149,401)
                                                    -----------
Total                                                 5,100,442

Amounts due from Rigas family entities               (2,846,156)
                                                    -----------
Total stockholders' equity                            2,254,286
                                                    -----------
Total liabilities and stockholders' equity          $53,010,999
                                                    ===========


           Adelphia Communications Corporation, et al.
         Unaudited Consolidated Statements of Operations
                   Month Ended April 30, 2004
                     (Dollars in thousands)

Revenue                                                $322,618
Cost and expenses:
   Direct operating and programming                     200,835
   Selling, general and administrative                   31,640
   Depreciation and amortization                         80,378
   Impairment of long-lived and other assets                 --
   Non-recurring professional fees                       10,377
   Estimated provision for accounting changes                --
                                                    -----------
Operating income (loss) before reorg expenses              (612)
Reorganization expenses due to bankruptcy                 2,527
                                                    -----------
Operating loss                                           (3,139)

Other income (expense):
   Interest expense                                     (32,153)
   Equity in losses of affiliates -- net                   (125)
   Minority interest in losses (earnings) of
      subsidiaries                                         (585)
   Other-than-temporary impairment of investments            --
   Other                                                    220
                                                    -----------
      Total                                             (32,643)
                                                    -----------
Net loss before income taxes                            (35,782)
Income tax benefit                                           --
                                                    -----------
Net loss from continuing operations                     (35,782)
Discontinued operations                                  (1,035)
                                                    -----------
Net loss applicable to common stockholders             ($36,817)
                                                    ===========


           Adelphia Communications Corporation, et al.
         Unaudited Consolidated Statements of Cash Flows
                   Month Ended April 30, 2004
                     (Dollars in thousands)

Cash flows from operating activities:
   Net loss                                            ($36,817)
   Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:
      Depreciation and amortization                      80,378
      Amortization of bank financing costs                2,134
      Impairment of long-lived and other assets              --
      Other-than-temporary impairment of investments         --
      Minority interest in earnings (losses)
         of subsidiaries                                    585
      Equity in losses of affiliates, net                   125
      Gain on sale of assets - net                           --
      Other non-cash items                                  289
      Reorganization expenses due to bankruptcy           2,527
      Non-recurring professional fees                    10,402
   Change in assets and liabilities:
      Subscriber receivables - net                       10,351
      Prepaid expenses and other assets - net            11,208
      Other assets - net                                 12,715
      Accounts payable                                  (22,785)
      Subscriber advance payments and deposits          (12,657)
      Accrued interest and other liabilities            (48,086)
      Liabilities subject to compromise                 (16,590)
      Intercompany receivables and payables - net          (625)
                                                    -----------
Net cash provided by (used in) operations before
   payment of reorganization expenses                    (6,846)
Reorganization expenses paid during the period           (3,583)
                                                    -----------
Net cash provided by (used in) operating activities     (10,429)

Cash flows from investing activities:
   Expenditures for property, plant and equipment       (67,994)
   Cash paid for acquisitions                                --
   Changes in restricted cash                            (1,128)
   Investment distributions and contributions                --
   Related party receivables and payables - net             380
   Other                                                     --
                                                    -----------
Net cash used in investing activities                   (68,742)

Cash flows from financing activities:
   Proceeds from debt                                    66,000
   Payments of debt                                      (2,372)
   Payment of DIP bank financing costs                       --
                                                    -----------
Net cash provided by (used in) financing activities      63,628

Change in cash, cash equivalents and restricted cash    (15,543)

Cash, beginning of period                               266,687
                                                    -----------
Cash, end of period                                    $251,144
                                                    ===========


AIR CANADA: Post-Filing Obligations Amount to CN$1.3 Billion
------------------------------------------------------------
Ernst & Young, Inc., the Court-appointed Monitor, estimates that
Air Canada's post-filing obligations as at March 31, 2004 total
CN$1,372,000,000, consisting of:

      CN$253,700,000    Trade credit

          69,000,000    Accrued and unpaid aircraft lease charges

         164,000,000    Undue and unremitted trust amounts

         370,800,000    Owing to the CIBC, Amex Bank of Canada and
                        GE Capital Corporation re post-filing
                        credit facilities

         514,700,000    Accrued and unpaid payroll and other
                        employee related charges
      --------------
    CN$1,372,000,000    Total

Air Canada's cash on hand as of March 31, 2004 was
CN$868,800,000.  Accordingly, Air Canada's Post-Filing
Obligations exceeded cash on hand by CN$503,200,000.

Deferred ticket revenues, representing advance ticket sales
collected, net of amounts held in trust by Air Canada Vacations
-- CN$51,800,000 on March 31, 2004 -- were CN$557,200,000 on
March 31 or CN$19,700,000 more than at April 1, 2003.  The April
comparative figures were adjusted down by CN$28,900,000 to
account for set-off of the funds held in trust by Air Canada
Vacations for customer travel not yet completed, as required by
the province of Quebec's Consumer Protection Act.

After performing a detailed analysis of the March 31, 2004
deferred ticket revenues, Air Canada estimates that
CN$552,200,000 of the balance relates to tickets sold subsequent
to April 1, 2003 and this amount is not included in the
CN$503,200,000 Post-Filing Deficiency amount.

According to Ernst & Young President Murray McDonald, the Post-
Filing Deficiency amount decreased from February 29, 2004 at
which time it was CN$692,100,000.  When combined with the
CN$557,200,000 post-filing advance ticket sales, the overall
deficiency is significant.  The Monitor notes that, in the event
Air Canada's restructuring is not successful and the airline is
liquidated, there will be limited assets available from
realization to fund post-filing obligations.  The Monitor also
notes that The Office of the Superintendent of Financial
Institutions continues to take the position that the
CN$371,000,000 deemed trust would further increase the amount of
the Post-Filing Deficiency.

                            Air Canada
      Estimated Post-Filing Liabilities As At March 31, 2004
              (Excluding Ticket Related Obligations)

Trade Credit
    Fuel                                           (CN$8,800,000)
    Aircraft Maintenance                               8,700,000
    Airport Related Charges, Including Rent           53,200,000
    Estimated Travel Agent Commissions                29,800,000
    Jazz & Zip                                        31,600,000
    Other Estimated Trade Liabilities                139,200,000
                                                ----------------
Total Estimated Trade Credit                        253,700,000

Aircraft Leases                                      69,000,000
                                                ----------------

Unremitted Collections
    Jazz                                                       -
    GST                                                        -
    Estimated Foreign Taxes, Fuel Taxes
       and AIF not yet due                           111,100,000
    Airport Improvement Fees                          13,900,000
    Transportation Tax                                12,800,000
    Security Tax                                      18,000,000
    US Immigration Tax                                 8,200,000
                                                ----------------
Total Unremitted Collections                        164,000,000

Credit Facilities                                   370,800,000

Employee-Related Obligations                        514,700,000
                                                ----------------
Total Estimated Post-Filing Liabilities        CN$1,372,300,000
                                                ================


AIR CANADA: Provides Projected Cash Budget Through Oct. 1, 2004
---------------------------------------------------------------
Air Canada provides the CCAA Court and its creditors with updated
cash flow projections for the period from May 15, 2004 to
October 1, 2004.  For that period, the Applicants expect to have
CN$338,400,000 net cash inflow after payment of aircraft lease
payments to lessors who have executed restructured lease
agreements to date but prior to the payment of any additional
amounts to any other lessors.  This would result in a
CN$581,000,000 ending cash balance at October 1, 2004.

The amount of the net cash outflow is largely due to:

    -- CN$432,100,000 forecast aircraft lease payments as there is
       CN$167,000,000 in semi-annual lease payments, which will
       become due in July 2004;

    -- CN$65,000,000 pre-delivery payments in connection with the
       regional jet aircraft orders to be made during the period;
       and

    -- cash receipts from credit card sales, which are expected to
       decline in July and August in accordance with seasonal
       trends.

                            Air Canada
                  Consolidated Cash Flow Forecast
             For the Period April 1 to October 1, 2004
  
Receipts

    Credit card & direct passenger receipts     CN$2,098,900,000
    Airtime and travel agent settlement              760,100,000
    Cargo/Freight                                     65,000,000
    Accounts receivable                              127,000,000
    Miscellaneous                                     22,200,000
    Credit Facilities                                          0
    Funding from pension plan                         28,400,000
                                                ----------------
    Total Receipts                              CN$3,101,600,000
                                                ----------------

Disbursements

    Payroll & Benefits                           (CN$910,200,000)
    Retiree payments                                 (38,800,000)
    Pension contributions                            (59,000,000)
    Fuel                                            (536,300,000)
    Airport related charges                         (344,600,000)
    Aircraft maintenance                            (143,500,000)
    Food, Beverages & Supplies                      (109,600,000)
    IBM Advantis (Computer support)                  (74,600,000)
    Marketing                                        (20,000,000)
    Travel agent incentive commission                (59,200,000)
    Insurance                                        (20,800,000)
    Funding of foreign operations                    (84,000,000)
    Other operating costs                           (320,000,000)
    U.S. immigration tax remittances                 (12,300,000)
    Airport improvement fees                         (75,000,000)
    GST remittances                                  (75,000,000)
    Transportation tax                               (51,300,000)
    Security tax remittances                         (94,500,000)
    Professional fees                                (20,000,000)
                                                ----------------
    Operating Disbursements                    (CN$3,048,700,000)
                                                ----------------
  
    Capital Expenditures                          (CN$79,200,000)
    Repayment of CIBC Facility                       (37,500,000)
    Interest payments and fees re CIBC Facility      (12,700,000)
    Other                                            (14,400,000)
                                                ----------------
    Non-Operating Disbursements                  (CN$143,700,000)
                                                ----------------
  
    Net Aeroplan Cashflows                           151,500,000
    Net Air Canada Vacations Cashflows                21,000,000
                                                ----------------
    Cash Flows Re: Non-CCAA Applicants            CN$182,500,000
                                                ----------------

Aircraft lease payments                            (432,100,000)

Net Cash Inflow/(Outflow)                          (338,400,000)

Opening cash balance                                920,000,000
                                                ----------------
Ending cash balance                              CN$581,600,000
                                                ================


Headquartered in Saint-Laurent, Quebec Canada, Air Canada --
http://www.aircanada.ca/-- represents Canada's only major  
domestic and international network airline, providing scheduled
and charter air transportation for passengers and cargo. The
Company filed for CCAA protection on April 1, 2003 (Ontario
Superior Court of Justice, Case No. 03-4932) and Section 304
petition with the U.S. Bankruptcy Court for the Southern District
of New York (Case No. 03-11971).  Matthew A. Feldman, Esq., and
Elizabeth Crispino, Esq., at Willkie Farr & Gallagher serve as the
Debtors' U.S. Counsel.  When the Debtors filed for protection from
its creditors, they listed C$7,816,000,000 in assets and
C$9,704,000,000 in liabilities. (Air Canada Bankruptcy News, Issue
No. 37; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ALLEGIANCE TELECOM: April Net Loss Narrows to $2.4 Million
----------------------------------------------------------
On June 1, 2004, Allegiance Telecom, Inc. and all of its
subsidiaries filed their monthly operating statement for the month
of April 2004 with the U.S. Bankruptcy Court for the Southern
District of New York.  

The telecommunications company reports a $2.4 million net loss on
$50.3 million in revenues. Allegiance's April 30 balance sheet
shows $1.04 billion in assets and a $375 million stockholders'
deficit.  A full-text copy of that report is available at no
charge at:

   http://www.sec.gov/Archives/edgar/data/1058703/000110465904016002/a04-6622_1ex99d1.htm


Allegiance Telecom, Inc. -- http://www.algx.com/-- is a   
facilities-based national local exchange carrier headquartered in  
Dallas, Texas. As the leader in competitive local service for  
medium and small businesses, Allegiance offers "One source for  
business telecom(TM)" -- a complete telecommunications package,  
including local, long distance, international calling, high-speed  
data transmission and Internet services and a full suite of  
customer premise communications equipment and service offerings.  
Allegiance serves 36 major metropolitan areas in the U.S. with its  
single source approach. Allegiance's common stock is traded on the  
Over The Counter Bulletin Board under the ALGXQ ticker symbol.


AMES DEPT: February 2004 Monthly Operating Report
-------------------------------------------------

          Ames Department Stores, Inc., and Subsidiaries
          Unaudited Consolidated Condensed Balance Sheets
                       At February 28, 2004
                         (In Thousands)

ASSETS
Current Assets:
   Cash and cash equivalents                             $6,470
   Restricted cash                                       59,650
   Receivables                                            2,330
                                                     ----------
Total current assets                                     68,450
                                                     ----------
Total assets                                            $68,450
                                                     ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
   Accounts payable:
      Trade                                             $64,914
      Other                                              15,761
                                                     ----------
   Total accounts payable                                80,675

Self-insurance reserves                                  25,419
Accrued expenses                                         27,525
Liabilities subject to compromise                       853,875
                                                     ----------
Total liabilities                                       987,494

Stockholders' equity (deficit)
   Common stock                                             295
   Additional paid-in capital                           533,394
   Accumulated deficit                               (1,451,811)
   Treasury stock                                          (922)
                                                     ----------
Total stockholders' deficit                            (919,044)
                                                     ----------
Total liabilities and stockholders' deficit             $68,450
                                                     ==========


          Ames Department Stores, Inc., and Subsidiaries
    Unaudited Consolidated Condensed Statements of Operations
              For Four Weeks Ended February 28, 2004
                         (In Thousands)

Total revenue                                              $448

Costs and expenses
   Wind down expenses and other costs                     1,567
   Gain on sale of fixed assets                          (3,001)
   Lease rejection costs                                      -
   Professional fees                                        250
                                                     ----------
Income before income taxes                                1,632
                                                     ----------
Net Income                                               $1,632
                                                     ==========


          Ames Department Stores, Inc., and Subsidiaries
    Unaudited Consolidated Condensed Statements of Cash Flows
             For Four Weeks Ended February 28, 2004
                         (In Thousands)

Cash flows from operating activities:
   Net gain                                              $1,632

   Expenses not requiring the outlay of cash:   
      Gain on sale of fixed assets                       (3,001)
                                                     ----------
Cash used by operations                                  (1,369)

Changes in working capital:
   Increase in receivables                                2,274
   Decrease in accounts payable                            (422)
   Decrease in accrued expenses & other liabilities      (1,316)
   Increase in restricted cash                              233
                                                     ----------
Net cash provided by operating activities                  (600)

Cash flows from financing activities:
   Proceeds from the sale of fixed assets                 3,001
   Payments of borrowings under DIP Credit Agreement     (3,000)
   Change in liabilities subject to compromise             (133)
                                                     ----------
Net cash provided by financing activities                  (132)

Decrease in cash and cash equivalents                      (732)
Cash and cash equivalents, beginning of period            7,202
                                                     ----------
Cash and cash equivalents, end of period                 $6,470
                                                     ==========


AMES DEPT: Administratively Insolvent at April 3, 2004
------------------------------------------------------

          Ames Department Stores, Inc., and Subsidiaries
          Unaudited Consolidated Condensed Balance Sheets
                        At April 3, 2004     
                         (In Thousands)

ASSETS
Current Assets:
   Cash and cash equivalents                             $5,225
   Restricted cash                                       59,986
   Receivables                                            1,406
                                                     ----------
Total current assets                                     66,617
                                                     ----------
Total assets                                            $66,617
                                                     ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
   Accounts payable:
      Trade                                             $64,297
      Other                                              15,805
                                                     ----------
   Total accounts payable                                80,102

Self-insurance reserves                                  24,496
Accrued expenses                                         27,275
Liabilities subject to compromise                       854,037
                                                     ----------
Total liabilities                                       985,971

Stockholders' equity (deficit)
   Common stock                                             295
   Additional paid-in capital                           533,394
   Accumulated deficit                               (1,452,060)
   Treasury stock                                          (922)
                                                     ----------
Total stockholders' deficit                            (919,293)
                                                     ----------
Total liabilities and stockholders' deficit             $66,617
                                                     ==========


          Ames Department Stores, Inc., and Subsidiaries
    Unaudited Consolidated Condensed Statements of Operations
                For Five Weeks Ended April 3, 2004
                         (In Thousands)

Total revenue                                              $812

Costs and expenses
   Wind down expenses and other costs                       811
   Gain on sale of fixed assets                               -
   Lease rejection costs                                      -
   Professional fees                                        250
                                                     ----------
Income before income taxes                                 (249)
                                                     ----------
Net Income                                                ($249)
                                                     ==========

          Ames Department Stores, Inc., and Subsidiaries
    Unaudited Consolidated Condensed Statements of Cash Flows
               For Five Weeks Ended April 3, 2004
                         (In Thousands)

Cash flows from operating activities:
   Net gain                                               ($249)

   Expenses not requiring the outlay of cash:   
      Gain on sale of fixed assets                            -
                                                     ----------
Cash used by operations                                    (249)

Changes in working capital:
   Increase in receivables                                  924
   Decrease in accounts payable                            (573)
   Decrease in accrued expenses & other liabilities      (1,173)
   Increase in restricted cash                             (336)
                                                     ----------
Net cash provided by operating activities                (1,407)

Cash flows from financing activities:
   Proceeds from the sale of fixed assets                     -
   Borrowings under DIP Credit Agreement                      -
   Change in liabilities subject to compromise              162
                                                     ----------
Net cash provided by financing activities                   162

Decrease in cash and cash equivalents                    (1,245)
Cash and cash equivalents, beginning of period            6,470
                                                     ----------
Cash and cash equivalents, end of period                 $5,225
                                                     ==========


AVADO BRANDS: Net Loss Widens to $3.12 Million in April 2004
------------------------------------------------------------
Avado Brands, Inc., the owner and operator of the Don Pablo's and
Hops restaurant chains, delivered its April Monthly Operating
Report to the Bankruptcy Court on May 19, 2004.  

For the four-week period ended April 25, 2004, Don Pablo's reports
a $1,027,000 profit, Hops reports a net loss of $379,000 and
$3,776,000 of net losses at the corporate level resulted in a
consolidated net loss of $3,128,000.  

A full-text copy of Avado's April Monthly Operating Report is
available at no charge at:

   http://www.sec.gov/Archives/edgar/data/849101/000084910104000019/morapr.txt

On February, 4, 2004, Avado Brands, Inc. filed a voluntary
petition under Chapter 11 of the United States Bankruptcy Code in
the United States Bankruptcy Court for the Northern District of
Texas. The Honorable Chief Judge Steven A. Felsenthal presides
over the case, which is administered as Case No. 04-31555. Deborah
D. Williamson, Esq., and Thomas Rice, Esq., at Cox & Smith
Incorporated represent the Debtors in their restructuring efforts.
Miller Buckfire Lewis Ying & Co., LLC is providing financial
advisory services.  DDJ Capital is Avado's DIP lender.


BIOTRANSPLANT INC: Posts $75,681 Net Loss in February 2004
----------------------------------------------------------
BioTransplant Inc reports a net loss of $75,681 in February 2004
while its wholly-owned subsidiary, Eligix Incorporated, reports a
net loss of $7,272 in November 2003.

A full-text copy of Eligix and BioTransplant's Form 8-K filed at
the Securities and Exchange Commission is available at no charge
at:

  http://www.sec.gov/Archives/edgar/data/880259/000104746904018606/a2136750zex-99_1.txt  


As of February 29, 2004, BioTransplant Incorporated has not closed
its December 31, 2002 accounting records.

The accounting records as of December 31, 2002 are to be adjusted
for various items, including potential write-offs of (i) Property,
Plant and Equipment, (ii) Intangible Assets, (iii) Goodwill, (iv)
Deferred Revenue (v) and amounts recognized as stock based
Deferred Compensation. These write-offs and other final year end
audit adjustments could potentially effect the monthly financial
results. As such, no depreciation, amortization of intangible
assets or stock based compensation expense is recognized for any
of the months during 2003.

As reported in the Troubled Company Reporter's November 26, 2003
edition, BioTransplant, Incorporated (BTRNQ.PK) announced that its
board of directors approved the liquidation of the Company's
remaining assets.  The Company projects that proceeds of
liquidation will not likely be sufficient to provide any
distribution to the Company's shareholders.

On February 27, 2003, the Company and its wholly-owned subsidiary,
Eligix, Inc., filed voluntary petitions for relief under Chapter
11 of the Bankruptcy Code in the United States Bankruptcy Court in
Boston, Massachusetts (Bankr. D. Mass. Case No. 03-11585).


BURLINGTON: BII Trust's March 2004 Financial Report
---------------------------------------------------

                     BII Distribution Trust
                  Unaudited Cash Balance Sheet
                      As of March 31, 2004

Assets:
   Cash                                            $127,587,828
   Letters of Credit - Cash Collateral                9,285,641
                                                   ------------
                                                   $136,873,469
                                                   ============

Liabilities:
   BII Distribution Trust Reserve                   $95,280,258
   BII Distribution Trust - Letters of Credit         9,285,641
   BII Liquidation Real Estate LLC                    2,269,614
   BII Dist. Trust - Working Capital Escrow          30,000,000
   BII Dist. Trust - Working Capital Escrow Interest     37,956
                                                   ------------
                                                   $136,873,469
                                                   ============


                     BII Distribution Trust
            Unaudited Cash Receipts and Disbursements
           From January 1, 2004 through March 31, 2004

Cash Receipts:
   Closing date sale proceeds, net                   $1,956,840
   Post closing working capital adjustment                    0
   Excluded assets monetized                          1,016,455
   Assets monetized due to Buyer                        444,404
   Interest income                                      172,749
                                                   ------------
                                                      3,590,448

Cash Disbursements:
   Distributions                                              0
   Secured lender claims                                      0
   Court appointed professionals expense              2,481,700
   Allowed claims                                     3,694,298
   Trust expenses                                     1,135,645
                                                   ------------
                                                      8,135,645
                                                   ------------
Net increase (decrease) in cash                      (4,545,197)

Cash at beginning of period                         141,418,666
                                                   ------------
Cash at end of period                              $136,873,469
                                                   ============

Burlington Industries filed for Chapter 11 protection in the
United States Bankruptcy Court of the District of Delaware (Bankr.
Case No. 01-11282), sold its assets and confirmed a liquidating
plan of reorganization declared effective on November 10, 2003.  
Daniel J. DeFranceschi, Esq., and Rebecca Booth, Esq., at Richards
Layton & Finger, represent the BII Distribution Trust resolving
creditors' claims and making distributions to creditors.  


DII & KBR: DII's Net Loss Climbs to $77.2 Million in April 2004
---------------------------------------------------------------

                        DII Industries, LLC
                      Unaudited Balance Sheet
                       As of April 30, 2004
                          (in thousands)

Assets
Current Assets:
Cash and equivalents                                     $3,796
Escrow - prepetition payments                           149,076
Investment account with Parent                                -
Trade receivables                                             -
Unbilled work on incomplete contracts                         -
Other receivables                                           950
Inventories                                                   -
Right to Halliburton Shares                           1,828,316
Insurance for asbestos & silica-related PI claims       801,996
Other current assets                                     68,639
                                                     ----------
Total current assets                                  2,852,773

Net property, plant and equipment                             -
Investments in consolidated subsidiaries              2,306,187
Equity in related companies                                   -
Intercompany with related companies                    (636,927)
Goodwill, net                                                 -
Non-current deferred income taxes                       266,000
Insurance for asbestos & silica-related PI claims     1,235,782
Other assets                                                 11
                                                     ----------
Total assets                                         $6,023,826
                                                     ==========

Liabilities and Shareholder's Equity
Current Liabilities:
Short-term notes payable                                      -
DIP Financing                                                 -
Current maturities of long-term debt                          -
Accounts payable                                          6,526
Accrued employee compensation and benefits                    2
Accrued interest payable                                  6,336
Advanced billings on uncompleted contracts                    -
Asbestos and silica-related PI claims                 2,387,559
Other current liabilities                                11,000
                                                     ----------
Total current liabilities                             2,411,423

Long-term debt                                                -
Employee compensation and benefits                            -
Asbestos and silica-related PI claims                 1,849,966
Minority interest in consolidated subsidiaries                -
Other liabilities                                         5,690
                                                     ----------
Total liabilities                                     4,267,079

Total shareholder's equity                            1,756,747
                                                     ----------
Total liabilities and shareholder's equity           $6,023,826
                                                     ==========


                        DII Industries, LLC
                    Unaudited Income Statement
                    Month ended April 30, 2004
                          (in thousands)

Revenues                                                      -
Operating costs and expenses                             $2,175
                                                     ----------
Operating income/(loss)                                  (2,175)

Interest expense                                              -
Interest income                                           4,871
Foreign currency gains (losses)                              (2)
Other non-operating income - net                              -
Equity in earnings/(loss) of subsidiaries                  (818)
                                                     ----------
Income/(loss) before taxes & minority interest            1,876
Income tax benefit/(provision)                              221
                                                     ----------
Income/(loss) from continuing operations                  2,097
                                                     ----------
Income/(loss) from discontinued operations              (79,297)
                                                     ----------
Net Income/(loss)                                      ($77,200)
                                                     ==========

Headquartered in Houston, Texas, Kellogg, Brown & Root is engaged
in the engineering and construction business, providing a wide
range of services to energy and industrial customers and
government entities in over 100 countries. DII has no business
operations.  The Company filed for chapter 11 protection on
December 16, 2003 (Bankr. W.D. Pa. Case No. 02-12152). Jeffrey N.
Rich, Esq., Michael G. Zanic, Esq., and Eric T. Moser, Esq., at
Kirkpatrick & Lockhart LLP, represent the Debtors in their
restructuring efforts.  (DII & KBR Bankruptcy News, Issue No. 13;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


DII & KBR: April 2004 Profit Declines to $281K for BPM Minerals
---------------------------------------------------------------

                         BPM Minerals, LLC
                      Unaudited Balance Sheet
                       As of April 30, 2004
                          (in thousands)

Assets
Current Assets:
Cash and equivalents                                      ($218)
Escrow - prepetition payments                                 -
Trade receivables                                         5,712
Unbilled work on uncompleted contracts                        -
Other receivables                                           258
Inventories                                               6,587
Other current assets                                          -
                                                     ----------
Total current assets                                     12,339

Net property, plant and equipment                         8,849
Investments in consolidated subsidiaries                      -
Equity in related companies                                   -
Intercompany with related companies                           -
Intercompany with Parent                                 45,103
Goodwill, net                                                 -
Non-current deferred income taxes                             -
Insurance for asbestos and silica-related PI claims           -
Right to Halliburton shares                                   -
Other assets                                                  -
                                                     ----------
Total assets                                            $66,291
                                                     ==========

Liabilities and Shareholder's Equity
Current Liabilities:
Short-term notes payable                                      -
Current maturities of long-term debt                          -
Accounts payable                                         $1,057
Accrued employee compensation and benefits                    -
Accrued interest payable                                      -
Advanced billings on uncompleted contracts                    -
Asbestos and silica-related PI claims                    42,000
Other current liabilities                                     -
                                                     ----------
Total current liabilities                                43,057

Long-term debt                                                -
Employee compensation and benefits                          415
Asbestos and silica-related PI claims                         -
Minority interest in consolidated subsidiaries                -
Other liabilities                                            53
                                                     ----------
Total liabilities                                        43,525

Total shareholder's equity                               22,766
                                                     ----------
Total liabilities and shareholder's equity              $66,291
                                                     ==========


                         BPM Minerals, LLC
                    Unaudited Income Statement
                    Month ended April 30, 2004
                          (in thousands)

Revenues                                                 $4,626
Operating costs and expenses                              4,345
                                                     ----------
Operating income                                            281

Interest expense                                              -
Interest income                                               -
Foreign currency gains (losses)                               -
Other non-operating income - net                              -
                                                     ----------
Income before taxes and minority interest                   281

Provision for income tax                                      -
                                                     ----------
Net Income                                                 $281
                                                     ==========


DII & KBR: KBR Posts $18.8 Million Net Income for April 2004
------------------------------------------------------------

                     Kellogg Brown & Root, Inc.
                      Unaudited Balance Sheet
                       As of April 30, 2004
                          (in thousands)

Assets
Current Assets:
Cash and equivalents                                   ($51,765)
Escrow - prepetition payments                                 -
Trade receivables                                       120,077
Unbilled work on uncompleted contracts                  118,829
Other receivables                                        69,398
Inventories                                              19,128
Other current assets                                     31,815
                                                     ----------
Total current assets                                    307,482

Net property, plant and equipment                        56,334
Investments in consolidated subsidiaries                248,680
Equity in related companies                              13,955
Intercompany with related companies                     126,003
Intercompany with Parent                                494,103
Goodwill, net                                           171,213
Non-current deferred income taxes                       261,957
Insurance for asbestos & silica-related PI claims             -
Right to Halliburton shares                                   -
Other assets                                             97,250
                                                     ----------
Total assets                                         $1,776,977
                                                     ==========

Liabilities and Shareholder's Equity
Current Liabilities:
Short-term notes payable                                      -
Current maturities of long-term debt                          -
Accounts payable                                       $114,063
Accrued employee compensation and benefits               55,832
Accrued interest payable                                      -
Advanced billings on uncompleted contracts              252,315
Asbestos and silica-related PI claims                    74,356
Other current liabilities                               268,172
                                                     ----------
Total current liabilities                               764,738
Long-term debt                                                -
Employee compensation and benefits                       53,428
Asbestos and silica-related PI claims                         -
Minority interest in consolidated subsidiaries                -
Other liabilities                                        80,609
                                                     ----------
Total liabilities                                       898,775

Total shareholder's equity                              878,202
                                                     ----------
Total liabilities and shareholder's equity           $1,776,977
                                                     ==========


                    Kellogg Brown & Root, Inc.
                    Unaudited Income Statement
                    Month ended April 30, 2004
                          (in thousands)

Revenues                                               $157,601
Operating costs and expenses                            126,175
                                                     ----------
Operating income                                         31,426

Interest expense                                         (2,418)
Interest income                                             198
Foreign currency gains (losses)                             (97)
Other non-operating income - net                              -
                                                     ----------
Income before taxes and minority interest                29,109

Income tax benefit/(provision)                          (10,301)
                                                     ----------
Income from continuing operations                        18,808
                                                     ----------
Net Income                                              $18,808
                                                     ==========


DII & KBR: KBR Engineering's April Monthly Operating Report
-----------------------------------------------------------

                       KBR Engineering Corp.
                      Unaudited Balance Sheet
                       As of April 30, 2004
                          (in thousands)

Assets
Current Assets:
Cash and equivalents                                          -
Escrow - prepetition payments                                 -
Trade receivables                                             -
Unbilled work on uncompleted contracts                        -
Other receivables                                             -
Inventories                                                   -
Other current assets                                          -
                                                     ----------
Total current assets                                          -

Net property, plant and equipment                             -
Investments in consolidated subsidiaries                      -
Equity in related companies                                   -
Intercompany with related companies                          77
Intercompany with Parent                                      -
Goodwill, net                                                 -
Non-current deferred income taxes                             -
Insurance for asbestos and silica-related PI claims           -
Right to Halliburton shares                                   -
Other assets                                                  -
                                                     ----------
Total assets                                                $77
                                                     ==========

Liabilities and Shareholder's Equity
Current Liabilities:
Short-term notes payable                                      -
Current maturities of long-term debt                          -
Accounts payable                                              -
Accrued employee compensation and benefits                    -
Accrued interest payable                                      -
Advanced billings on uncompleted contracts                    -
Asbestos and silica-related PI claims                         -
Other current liabilities                                     -
                                                     ----------
Total current liabilities                                     -
Long-term debt                                                -
Employee compensation and benefits                            -
Asbestos and silica-related PI claims                         -
Minority interest in consolidated subsidiaries                -
Other liabilities                                             -
                                                     ----------
Total liabilities                                             -

Total shareholder's equity                                  $77
                                                     ----------
Total liabilities and shareholder's equity                  $77
                                                     ==========

KBR Engineering Corp. reported no income for April 2004.


DII & KBR: KBR Int'l Reports $1.3 Million Income in April 2004
--------------------------------------------------------------

                      KBR International, Inc.
                      Unaudited Balance Sheet
                       As of April 30, 2004
                          (in thousands)

Assets
Current Assets:
Cash and equivalents                                    $42,293
Escrow - prepetition payments                                 -
Trade receivables                                        23,544
Unbilled work on uncompleted contracts                   17,780
Other receivables                                        18,352
Inventories                                                   -
Other current assets                                      1,656
                                                     ----------
Total current assets                                    103,625

Net property, plant and equipment                           360
Investments in consolidated subsidiaries                 28,140
Equity in related companies                               1,955
Intercompany with related companies                           -
Intercompany with Parent                                (48,468)
Goodwill, net                                                 -
Non-current deferred income taxes                           180
Insurance for asbestos and silica-related PI claims           -
Right to Halliburton shares                                   -
Other assets                                                485
                                                     ----------
Total assets                                            $86,277
                                                     ==========

Liabilities and Shareholder's Equity
Current Liabilities:
Short-term notes payable                                      -
Current maturities of long-term debt                          -
Accounts payable                                        $18,914
Accrued employee compensation and benefits                  344
Accrued interest payable                                      -
Advanced billings on uncompleted contracts               16,717
Asbestos and silica-related PI claims                         -
Other current liabilities                                 9,267
                                                     ----------
Total current liabilities                                45,242

Long-term debt                                                -
Employee compensation and benefits                          566
Asbestos and silica-related PI claims                         -
Minority interest in consolidated subsidiaries                -
Other liabilities                                             -
                                                     ----------
Total liabilities                                        45,808

Total shareholder's equity                               40,469
                                                     ----------
Total liabilities and shareholder's equity              $86,277
                                                     ==========


                      KBR International, Inc.
                    Unaudited Income Statement
                    Month ended April 30, 2004
                          (in thousands)

Revenues                                                $14,364
Operating costs and expenses                             13,639
                                                     ----------
Operating income/(loss)                                     725

Interest expense                                              -
Interest income                                           1,271
Foreign currency gains (losses)                             197
Other non-operating income - net                              -
                                                     ----------
Income/(loss) before taxes & minority interest            2,193

Income tax benefit/(provision)                             (832)
                                                     ----------
Net Income/(loss)                                        $1,361
                                                     ==========


DII & KBR: KBR Int'l (Panama) Posts Lower Income of $517K in April
------------------------------------------------------------------

                  KBR International, Inc. (Panama)
                      Unaudited Balance Sheet
                       As of April 30, 2004
                          (in thousands)

Assets
Current Assets:
Cash and equivalents                                    $31,132
Escrow - prepetition payments                                 -
Trade receivables                                         3,118
Unbilled work on uncompleted contracts                    1,768
Other receivables                                           502
Inventories                                                   -
Other current assets                                        238
                                                     ----------
Total current assets                                     36,758

Net property, plant and equipment                            11
Investments in consolidated subsidiaries                 23,865
Equity in related companies                                   -
Intercompany with related companies                           -
Intercompany with Parent                                (29,610)
Goodwill, net                                                 -
Non-current deferred income taxes                             -
Insurance for asbestos and silica-related PI claims           -
Right to Halliburton shares                                   -
Other assets                                                 12
                                                     ----------
Total assets                                            $31,036
                                                     ==========

Liabilities and Shareholder's Equity
Current Liabilities:
Short-term notes payable                                   $462
Current maturities of long-term debt                          -
Accounts payable                                          2,635
Accrued employee compensation and benefits                2,922
Accrued interest payable                                      -
Advanced billings on uncompleted contracts                   25
Asbestos and silica-related PI claims                         -
Other current liabilities                                 1,288
                                                     ----------
Total current liabilities                                 7,332

Long-term debt                                                -
Employee compensation and benefits                          626
Asbestos and silica-related PI claims                         -
Minority interest in consolidated subsidiaries                -
Other liabilities                                             -
                                                     ----------
Total liabilities                                         7,958

Total shareholder's equity                               23,078
                                                     ----------
Total liabilities and shareholder's equity              $31,036
                                                     ==========


                  KBR International, Inc. (Panama)
                     Unaudited Income Statement
                     Month ended April 30, 2004
                          (in thousands)

Revenues                                                 $2,016
Operating costs and expenses                              1,843
                                                     ----------
Operating income/(loss)                                     173

Interest expense                                            (35)
Interest income                                              21
Foreign currency gains (losses)                             358
Other non-operating income - net                              -
                                                     ----------
Income/(loss) before taxes & minority interest              517

Provision for income tax                                      -
                                                     ----------
Net Income/(loss)                                          $517
                                                     ==========


DII & KBR: KBR Technical Reports $767,000 Net Loss in April 2004
----------------------------------------------------------------

                    KBR Technical Services, Inc.
                      Unaudited Balance Sheet
                       As of April 30, 2004
                          (in thousands)

Assets
Current Assets:
Cash and equivalents                                       $232
Escrow - prepetition payments                                 -
Trade receivables                                             -
Unbilled work on uncompleted contracts                        -
Other receivables                                           321
Inventories                                                   -
Other current assets                                        907
                                                     ----------
Total current assets                                      1,460

Net property, plant and equipment                        26,070
Investments in consolidated subsidiaries                  1,555
Equity in related companies                                   -
Intercompany with related companies                       9,668
Intercompany with Parent                                      -
Goodwill, net                                                 -
Non-current deferred income taxes                             -
Insurance for asbestos and silica-related PI claims           -
Right to Halliburton shares                                   -
Other assets                                                  -
                                                     ----------
Total assets                                            $38,753
                                                     ==========

Liabilities and Shareholder's Equity
Current Liabilities:
Short-term notes payable                                      -
Current maturities of long-term debt                          -
Accounts payable                                            $10
Accrued employee compensation and benefits               18,508
Accrued interest payable                                      -
Advanced billings on uncompleted contracts                    -
Asbestos and silica-related PI claims                         -
Other current liabilities                                   282
                                                     ----------
Total current liabilities                                18,800

Long-term debt                                                -
Employee compensation and benefits                        4,296
Asbestos and silica-related PI claims                         -
Minority interest in consolidated subsidiaries                -
Other liabilities                                             -
                                                     ----------
Total liabilities                                        23,096

Total shareholder's equity                               15,657
                                                     ----------
Total liabilities and shareholder's equity              $38,753
                                                     ==========


                   KBR Technical Services, Inc.
                    Unaudited Income Statement
                    Month ended April 30, 2004
                          (in thousands)

Revenues                                                      -
Operating costs and expenses                               $627
                                                     ----------
Operating income/(loss)                                    (627)

Interest expense                                           (143)
Interest income                                               -
Foreign currency gains (losses)                               3
Other non-operating income - net                              -
                                                     ----------
Income/(loss) before taxes & minority interest             (767)
                                                     ----------
Net Income/(loss)                                         ($767)
                                                     ==========  


DII & KBR: Mid-Valley's April 2004 Monthly Operating Report
-----------------------------------------------------------  
  
                         Mid-Valley, Inc.  
                      Unaudited Balance Sheet  
                       As of April 30, 2004  
                          (in thousands)  
  
Assets  
Current Assets:  
Cash and equivalents                                          -  
Escrow - prepetition payments                                 -  
Trade receivables                                             -  
Unbilled work on uncompleted contracts                        -  
Other receivables                                             -  
Inventories                                                   -  
Other current assets                                          -  
                                                     ----------  
Total current assets                                          -  
  
Net property, plant and equipment                             -  
Investments in consolidated subsidiaries                      -  
Equity in related companies                                   -  
Intercompany with related companies                           -  
Intercompany with Parent                                $41,033  
Goodwill, net                                                 -  
Non-current deferred income taxes                             -  
Insurance for asbestos and silica-related PI claims           -  
Right to Halliburton shares                                   -  
Other assets                                                 (5)  
                                                     ----------  
Total assets                                            $41,028  
                                                     ==========  
  
Liabilities and Shareholder's Equity  
Current Liabilities:  
Short-term notes payable                                      -  
Current maturities of long-term debt                          -  
Accounts payable                                             $8  
Accrued employee compensation and benefits                   23  
Accrued interest payable                                      -  
Advanced billings on uncompleted contracts                  528  
Asbestos and silica-related PI claims                         -  
Other current liabilities                                 2,165  
                                                     ----------  
Total current liabilities                                 2,724  
  
Long-term debt                                                -  
Employee compensation and benefits                            -  
Asbestos and silica-related PI claims                         -  
Minority interest in consolidated subsidiaries                -  
Other liabilities                                             -  
                                                     ----------  
Total liabilities                                         2,724  
  
Total shareholder's equity                               38,304  
                                                     ----------  
Total liabilities and shareholder's equity              $41,028  
                                                     ==========  
  
Mid-Valley, Inc., reported no income for April 2004.


ENRON: ENA Examiner's 107th Weekly Report - Mar. 29 to Apr. 2
-------------------------------------------------------------
Enron North America Examiner, Harrison J. Goldin, presents his
107th report summarizing deposits and disbursements into and out
of ENA Accounts for the period March 29, 2004 through April 2,
2004.

        Third Party Deposits and Disbursements:

        Date                    Deposits        Disbursements
        ----                    --------        -------------
  March 29, 2004                 $36,329                  $6
  March 30, 2004                 190,336              (6,591)
  March 31, 2004                 179,879                (675)
  April 01, 2004                 417,052                   0
  April 02, 2004                  10,000              (2,200)
                            ------------       -------------
            Week Total:         $833,596             ($9,466)


        Inter-company Deposits and Disbursements:

        Date                    Deposits        Disbursements
        ----                    --------        -------------
  March 29, 2004                      $0                  $0
  March 30, 2004                       0                   0
  March 31, 2004               9,584,640                   0
  April 01, 2004               9,312,160          (9,659,520)
  April 02, 2004                       0                   0
                            ------------       -------------
            Week Total:      $18,896,800         ($9,659,520)


        Total Deposits and Disbursements:

        Date                    Deposits        Disbursements
        ----                    --------        -------------
  March 29, 2004                 $36,329                  $0
  March 30, 2004                 190,336              (6,591)
  March 31, 2004               9,764,519                (675)
  April 01, 2004               9,729,212          (9,659,520)
  April 02, 2004                  10,000              (2,200)
                            ------------       -------------
            Week Total:      $19,730,396         ($9,668,986)


ENRON: ENA Examiner's 108th Weekly Report - Apr. 5 to 9, 2004
-------------------------------------------------------------
Enron North America Examiner, Harrison J. Goldin, presents his
108th report summarizing deposits and disbursements into and out
of ENA Accounts for the period April 5, 2004 through April 9,
2004.

        Third Party Deposits and Disbursements:

        Date                    Deposits        Disbursements
        ----                    --------        -------------
  April 05, 2004                 $47,510             ($2,961)
  April 06, 2004                 417,977                   0
  April 07, 2004                  85,000             (97,204)
  April 08, 2004                 101,317             (19,110)
  April 09, 2004                       0              (2,510)
                            ------------       -------------
            Week Total:         $651,804           ($121,785)


        Inter-company Deposits and Disbursements:

        Date                    Deposits        Disbursements
        ----                    --------        -------------
  April 05, 2004              $9,355,925         ($9,357,988)
  April 06, 2004                     791                   0
  April 07, 2004                 120,266            (131,280)
  April 08, 2004                       0                   0
  April 09, 2004                       0                   0
                            ------------       -------------
            Week Total:       $9,476,982         ($9,489,268)


        Total Deposits and Disbursements:

        Date                    Deposits        Disbursements
        ----                    --------        -------------
  April 05, 2004              $9,403,435         ($9,360,749)
  April 06, 2004                 418,768                   0
  April 07, 2004                 205,266            (228,484)
  April 08, 2004                 101,317             (19,110)
  April 09, 2004                       0              (2,510)
                            ------------       -------------
            Week Total:      $10,128,787         ($9,611,053)


ENRON: ENA Examiner's 109th Weekly Report - Apr 12 to 16, 2004
--------------------------------------------------------------
Enron North America Examiner, Harrison J. Goldin, presents his
109th report summarizing deposits and disbursements into and out
of ENA Accounts for the period April 12, 2004 through April 16,
2004.

        Third Party Deposits and Disbursements:  
  
        Date                    Deposits        Disbursements  
        ----                    --------        -------------  
  April 12, 2004                    $800             ($2,376)  
  April 13, 2004                       0                   0  
  April 14, 2004               1,281,241                   0
  April 15, 2004                 702,256            (267,015)
  April 16, 2004                 511,262              (1,279)  
                            ------------       -------------  
            Week Total:       $2,495,558           ($270,670)  
  
  
        Inter-company Deposits and Disbursements:  
  
        Date                    Deposits        Disbursements  
        ----                    --------        -------------  
  April 12, 2004                $857,415           ($857,415)
  April 13, 2004                       0                   0  
  April 14, 2004                   4,701             (14,701)  
  April 15, 2004                       0                   0  
  April 16, 2004                       0                   0  
                            ------------       -------------  
            Week Total:         $862,116           ($872,116)  
  
  
        Total Deposits and Disbursements:  
  
        Date                    Deposits        Disbursements  
        ----                    --------        -------------  
  April 12, 2004                $858,215           ($859,791)  
  April 13, 2004                       0                   0  
  April 14, 2004               1,285,941             (14,701)  
  April 15, 2004                 702,256            (267,015)  
  April 16, 2004                 511,262              (1,279)  
                            ------------       -------------  
            Week Total:       $3,357,674         ($1,142,785)


ENRON: Wind Systems Trust Files April Monthly Operating Report
--------------------------------------------------------------

                        Wind Systems Trust
        Combined Summary Report of Cash and Disbursements
                For the Period April 1 to 30, 2004

Beginning Cash Balance                     $41,083,475
Total Cash Receipts                         34,626,999
Total Cash Disbursements                   (34,771,903)
                                            ----------
Ending Cash Balance                        $40,938,571


                      ZWHC, LLC, Consolidated
                  The Trust and its Subsidiaries
        Combined Summary Report of Cash and Disbursements
                For the Period April 1 to 30, 2004
  
Beginning Cash Balance                      $7,276,121
Total Cash Receipts                            820,487
Total Cash Disbursements                      (971,903)
                                            ----------
Ending Cash Balance                         $7,124,705


                      Wind Development Trust
        Combined Summary Report of Cash and Disbursements
                 For the Period April 1 to 30, 2004

Beginning Cash Balance                     $16,530,743
Total Cash Receipts                          4,024,007
Total Cash Disbursements                      (667,099)
                                            ----------
Ending Cash Balance                        $19,887,651


FASTNET: Files Oct. 2003 to Dec. 2003 Monthly Operating Reports
---------------------------------------------------------------
Fastnet Corporation (n/k/a FN Estate Inc.) filed its monthly
operating reports for October, November and December, 2003, with
the Bankruptcy Court on April 13, 2004, April 20, 2004, and
June 2, 2004, respectively.

The Debtors' Monthly Balance Sheets show:

                 Oct. 31, 2003     Nov. 30, 2003    Dec. 30, 2003
                 -------------     -------------    -------------
Assets             15,362,496        15,134,831        9,989,739

Post-petition
Liabilities        9,574,219        10,243,913        5,752,802

Pre-petition
Liabilities       21,346,153        21,270,196       17,381,230

Stockholders'
Deficit           24,084,173        24,902,138       25,230,554


Full-text copies of the Debtors' Monthly Operating Reports are
available at no charge at:

   http://www.sec.gov/Archives/edgar/data/1092536/000101968704001242/0001019687-04-001242-index.htm

As previously reported, on December 15, 2003, FASTNET Corporation
and its debtor subsidiaries completed the sale of substantially
all of their assets, including their Broadband and Dial Up
Internet Access, Co-location, and Managed Hosting business units,
to US LEC Corp. for an estimated $8.5 million, plus the assumption
of certain liabilities. The $8.5 million consisted of $6 million
in cash, $1.5 million in a promissory note and $1 million in Class
A common stock of US LEC Corp.

This sale was completed pursuant to the provisions of the United
States Bankruptcy Code, and the sale procedures established by the
Bankruptcy Court, including an auction process. An order approving
such sale was issued by the United States Bankruptcy Court for the
Eastern District of Pennsylvania, Case No. 03-23143, on December
4, 2003.

This transaction did not include assets associated with the
Companies' Web Development business, upstate New York wireless
business, certain wireline operations in upstate New York, certain
non-operating fixed assets and receivables from former customers.
As a result of this sale, Fastnet Corporation, Inc. changed its
name to FN Estate, Inc.

On January 15, 2004, the Companies completed the sale of
substantially all of their assets associated with their Web
Development business to a group of noteholders of NetReach, Inc.,
a subsidiary of FASTNET Corporation, in exchange for the surrender
and transfer to FASTNET Corporation of promissory notes of
NetReach, Inc. in the aggregate principal amount of $760,000 and
in consideration of the assumption of certain liabilities. This
sale was completed pursuant to the provisions of the United States
Bankruptcy Code.

On April 30, 2004, the Companies completed the sale of
substantially all of their assets used or associated with their
wireless Internet access operations located in Rochester, New York
to CBTEK, LLC, a New York limited liability company, for an
estimated $155,000, plus the assumption of certain liabilities.
This sale was completed pursuant to the provisions of the United
States Bankruptcy Code.

On May 4, 2004, FN Estate completed the sale of all of its
information relating to certain customers in connection with FN
Estate's wireline operations in the State of New York to Choice
One Communications of New York, Inc., and agreed to cooperate
during a finite period of time in the migration of such customers
to the Choice One network. Pursuant to the asset purchase
agreement entered into by FN Estate and Choice One, Choice One is
obligated to pay to FN Estate a percentage of the charges
collected by Choice One on or before April 30, 2005 from the
customers that migrate to Choice One on or before June 30, 2004.
This sale was completed pursuant to provisions of the United
States Bankruptcy Code.

The Companies are in the process of selling any remaining non-
operating fixed assets and collecting receivables from former
customers. The Companies anticipate filing a plan of liquidation
with the Bankruptcy Court no later than August 31, 2004, followed
by a winding up of their affairs. It is not anticipated that there
will be any funds available for distribution to shareholders of FN
Estate.


GENTEK INC: Reports $22.1 Million First Quarter Profit
------------------------------------------------------
GenTek Inc. (OTC Bulletin Board: GETI) announced results for the
first quarter ended March 31, 2004. GenTek's results reflect the
classification of its KRONE communications operating unit as a
discontinued operation due to the pending sale of that business
to ADC Telecommunications, Inc., which is expected to close
within one week.  In addition, GenTek has applied fresh-start
accounting in conjunction with its emergence from bankruptcy
protection on November 10, 2003, causing the results from the
prior-year period to not be comparable to current period results.

For the first quarter of 2004, GenTek had revenues totaling
$192.9 million and operating profit of $22.1 million.  Also for
the quarter, including earnings from discontinued operations, net
income totaled $14.8 million and earnings per diluted share were
$1.48.

                        Pro Forma Results

To facilitate the comparison of 2004 results against prior
periods, GenTek has presented prior-period results on a pro forma
basis, as if the company had emerged from bankruptcy at the
beginning of such period.  These pro forma results are based upon
certain important assumptions that are material to the
presentation of such results.  In particular, the pro forma
results assume a normalized effective tax rate, which may
ultimately be materially different from GenTek's future effective
tax rate.  While management believes that this presentation of
pro forma results may be useful, we caution investors not to rely
solely on such results in making investment decisions.

For the first quarter of 2004, GenTek posted revenues of
$192.9 million compared with $197.0 million in the corresponding
quarter of 2003.  For the first quarter of 2004, GenTek recorded
operating profit of $22.1 million versus a pro forma operating
loss of $19.4 million in the first quarter of 2003.  The company
recorded first-quarter net income, including results from
discontinued operations, of $14.8 million, or $1.48 per diluted
share, compared with a pro forma net loss of $12.5 million, or
$1.25 per diluted share, for the same period last year.  The
company's first-quarter 2004 operating profit was favorably
impacted by a pension curtailment gain of $14.8 million.

"Our first-quarter results reflect improved top-line
performance in our manufacturing segment, primarily due to
stronger automotive and diesel business, as well as some success
in passing through higher raw material costs," said Richard R.
Russell, GenTek's president and chief executive officer.
"Revenue for the performance-products segment decreased versus
prior year due to the closure of the company's Delaware Valley
South facility in the fourth quarter of 2003."

                 Adjusted Pro Forma Results

For further comparison against prior and future periods,
GenTek has also presented 2004 first-quarter results, as well as
results for the comparable prior-year period, on an adjusted pro
forma basis.  The adjusted pro forma results reflect removing the
impact of any restructuring, impairment, reorganization and
certain one-time items.

In addition, the company has presented adjusted earnings
before interest, taxes, depreciation and amortization -- adjusted
EBITDA -- as a measure of operating results.  Adjusted EBITDA
reflects removing the impact of any restructuring, impairment,
reorganization, income from discontinued operations and certain
one-time items.  GenTek has presented adjusted EBITDA to enhance
the reader's understanding of operating results, as it is a
measure commonly used to value businesses by investors and
lenders.

During the first quarter of 2004, adjusted EBITDA was $16.8
million compared with $17.2 million in the first quarter of 2003.
On an adjusted pro forma basis, including results from
discontinued operations, the company posted first-quarter net
income of $5.2 million, or 52 cents per diluted share, compared
with $1.5 million, or 15 cents per diluted share, for the same
period in 2003.  On an adjusted pro forma basis, the company's
first-quarter income from continuing operations totaled $1.4
million, or 14 cents per diluted share, compared with $1.7
million, or 17 cents per diluted share, for the same period in
2003.  The adjusted pro forma income from continuing operations,
net income and earnings per share figures above include full
interest expense pertaining to the company's senior term notes,
which are expected to be repaid upon consummation of the KRONE
transaction.  Excluding senior term loan interest, first quarter
2004 adjusted pro forma income from continuing operations totaled
$3.5 million, or 35 cents per diluted share.

"In spite of experiencing historically high costs for fuel
and key raw materials during the first quarter, including
increases in excess of 60 percent in both copper and steel
pricing, we managed to achieve an adjusted EBITDA margin of
almost 9%, consistent with prior-year levels," Russell noted.
"With the sale of our KRONE communications business nearly
complete, we will continue to sharpen our focus on growing the
core businesses within the manufacturing and performance-products
segments.  As always, we will also seek opportunities to
rationalize our cost structure further to ensure that it is in
line with our portfolio," Russell said.

A full-text copy of GenTek's Form 10-Q is available for free at:

   http://www.sec.gov/Archives/edgar/data/1077552/000095011704001918/a37715.txt


                           GenTek, Inc.
             Unaudited Consolidated Balance Sheets
                      As of March 31, 2004
                          (In Thousands)

                             Assets

Current assets:
   Cash and cash equivalents                            $19,066
   Receivables, net                                     116,307
   Inventories                                           62,863
   Deferred income taxes                                 18,955
   Other current assets                                  15,850
                                                ---------------
Total current assets                                    233,041

Property, plant and equipment, net                      291,163
Goodwill                                                152,504
Intangible assets                                        72,060
Deferred income taxes                                     3,347
Assets held for sale                                    281,192
Other assets                                             25,416
                                                ---------------
Total assets                                         $1,058,723
                                                ===============

                     Liabilities and Equity

Current liabilities:
   Accounts payable                                     $33,689
   Accrued liabilities                                  101,732
   Current portion of long-term debt                        338
                                                ---------------
Total current liabilities                               135,759

Long-term debt                                          263,833
Pension and postretirement obligations                  124,398
Liabilities subject to compromise                       163,516
Other liabilities                                        71,184
                                                ---------------
Total liabilities                                       758,690
                                                ---------------
Contingently redeemable warrants                          6,030

Equity (deficit):
   Preferred Stock, $.01 par value;
      authorized 10,000,000 shares;
      none issued or outstanding                             --

   Common Stock, no par value;
      authorized 100,000,000 shares;
      issued: 10,000,000 shares                         268,084

Warrants                                                  8,361
Accumulated other comprehensive income                    1,661
Retained earnings                                        15,897
                                                ---------------
Total equity (deficit)                                  294,003
                                                ---------------
Total liabilities and equity (deficit)               $1,058,723
                                                ===============


                           GenTek, Inc.
         Unaudited Consolidated Statements of Operations
                Three Months Ended March 31, 2004

Net revenues                                           $192,930

Cost of sales                                           163,261
Selling, general and administrative expense              21,485
Restructuring and impairment charges                        972
Pension curtailment gain                                 14,840
                                                ---------------
Operating profit (loss)                                  22,052

Interest expense, net                                     4,439
Interest income                                              84
Reorganization items                                         --
Other (income) expense, net                              (1,634)
                                                ---------------
Income (loss) before income taxes                        19,331

Income tax provision (benefit)                            8,340
                                                ---------------
Income (loss) from continuing operations                 10,991

Income (loss) from discontinued operations                3,814
                                                ---------------
Net income (loss)                                       $14,805
                                                ===============


                           GenTek, Inc.
             Consolidated Statements of Cash Flows
                Three Months Ended March 31, 2004

Cash flows from operating activities:
   Net income (loss) from continuing operations         $10,991

   Adjustments to reconcile net income (loss)
      to net cash provided by operating activities:

      Depreciation and amortization                      10,145
      Pension curtailment gain                          (14,840)
      Asset impairment charges                               --
      Reorganization items                                   --
      Net loss on disposition of long-term assets        (2,968)
      Long-term incentive plan costs, net                    --
      Increase in receivables                           (12,928)
      Increase in inventories                              (428)
      Decrease in deferred tax assets                     6,937
      Increase (decrease) in accounts payable             5,221
      Increase (decrease) in accrued liabilities         (4,304)
      Increase (decrease) in other
         liabilities and assets, net                    (15,785)
                                                ---------------
Net cash provided by (used for) operations              (17,959)
Net cash used for discounted operations                    (243)
                                                ---------------
Net cash provided by (used for)
   operating activities                                 (18,202)
                                                ---------------
Net cash used for reorganization items                       --
                                                ---------------
Cash flows from investing activities:
   Capital expenditures                                  (5,361)
   Proceeds from sales or disposals
      of long-term assets                                 3,113
   Other investing activities                               (45)
                                                ---------------
Net cash used for investing activities                   (2,293)
                                                ---------------
Cash flows from financing activities:
   Proceeds from long-term debt                          12,989
   Repayment of long-term debt                              (27)
   Debt issuance costs - reorganization                      --
                                                ---------------
Net cash provided by (used for)
   financing activities                                  12,962
                                                ---------------
Effect of exchange rate changes on cash                     (47)
                                                ---------------
Decrease in cash and cash equivalents                    (7,580)

Cash and cash equivalents, beginning of period           26,646
                                                ---------------
Cash and cash equivalents, end of period                $19,066
                                                ===============


HAYES LEMMERZ: Creditor Trust Releases First Quarter 2004 Results
-----------------------------------------------------------------

                        HLI Creditor Trust
                   Unaudited Cash Balance Sheet
                       As of March 31, 2004

Assets:
Cash                                                 $2,609,311

Liabilities:
Trust Expenses Reserve, net                           2,609,311
   Expense advance account                                    0
   Reimbursements to Reorganized Debtors account              0
Claimholder distribution reserve                              0
                                                     ----------
                                                     $2,609,311
                                                     ==========


                        HLI Creditor Trust
      Unaudited Statement of Cash Receipts and Disbursements
            For the Period January 1 to March 31, 2004

Cash Receipts:
   Funding of Expense Advance                          $250,000
   Trust Recoveries                                   1,318,870
   Interest Income                                        2,304
                                                      ---------
                                                     $1,571,174
                                                     ----------
Cash Disbursements:
   Repayment of expense advance                              (0)
   Reimbursements to Reorganized
      Debtors                                                (0)
   Distributions to beneficiaries                            (0)
   Trust Expenses                                      (785,798)
                                                     ----------
                                                      ($785,798)
                                                     ----------

Net increase (decrease) in cash                        $785,376
Cash at beginning of period                           1,823,935
                                                     ----------
Cash at end of period                                $2,609,311
                                                     ==========

According to Trust Administrator, Avidity Partners, LLC, the
Quarterly Statement is not intended to be a presentation in
conformity with generally accepted accounting principles.  The
Statement is prepared on a cash basis of accounting.  
Transactions are recorded when cash is received or disbursed.  
Accordingly, the Statement does not reflect accruals for
potential Trust Recoveries or liabilities.  The Trust maintains a
cash balance to maintain liquidity with which it may pay
anticipated Trust Expenses.


RCN CORP: Releases March 31, 2004 Balance Sheet
-----------------------------------------------

                RCN Corporation and Subsidiaries
                      (Including non-Debtors)
          Consolidated Summary of Assets and Liabilities
                       As of March 31, 2004
                           (Unaudited)

ASSETS

Current Assets:
   Cash and cash equivalents                         $19,559,000
   Accounts receivable (net)                          58,560,000
   Restricted investments (short-term)               142,502,000
   Prepaid expenses and other current assets          34,277,000
                                                  --------------
      Total current assets                           254,898,000

Property, plant & equipment (net)                    885,154,000
Investments in joint ventures and
   equity securities                                 208,440,000
Long-term restricted investments                     100,000,000
Intangibles and other assets                          38,290,000
                                                  --------------
      Total assets                                $1,486,782,000
                                                  ==============
LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:
   Accounts payable and accrued expenses            $208,134,000
   Advance billings and customer deposits             26,522,000
   Current maturities of long-term debt            1,579,981,000
                                                  --------------
      Total Current Liabilities                    1,814,637,000

Other deferred credits                                 5,686,000
                                                  --------------
   Total liabilities                               1,820,323,000

Preferred Stock                                    1,804,741,000
Shareholders' equity                              (2,138,282,000)
                                                  --------------
      Total liabilities and shareholders' equity  $1,486,782,000
                                                  ==============


SOLUTIA INC: Reports $13 Million Net Loss in April 2004
-------------------------------------------------------

                   Solutia Chapter 11 Debtors
     Unaudited Statement of Consolidated Financial Position
                      As of April 30, 2004

                             ASSETS

Current Assets
   Cash                                             $67,000,000
   Trade Receivables, net                           206,000,000
   Account Receivables-Unconsolidated Subsidiaries   69,000,000
   Inventories                                      159,000,000
   Other Current Assets                              76,000,000
                                                 --------------
Total Current Assets                                577,000,000

Property, plant and equipment, net                  747,000,000
Investments in Subsidiaries and Affiliates          500,000,000
Intangible Assets, net                              102,000,000
Other Assets                                        228,000,000
                                                 --------------
   TOTAL ASSETS                                  $2,154,000,000
                                                 ==============

              LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
   Accounts Payable                                $122,000,000
   Other Current Liabilities                        182,000,000
                                                 --------------
Total Current Liabilities                           304,000,000

Long-Term Debt                                      343,000,000
Other Long-Term Liabilities                         240,000,000
                                                 --------------
Total Liabilities not Subject to Compromise         887,000,000
Liabilities Subject to Compromise                 2,331,000,000
Shareholders' Deficit                            (1,064,000,000)
                                                 --------------
   TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT     $2,154,000,000
                                                 ==============


                   Solutia Chapter 11 Debtors
         Unaudited Consolidated Statement of Operations
               For the Month Ended April 30, 2004

Total Net Sales                                    $195,000,000
Total Cost Of Goods Sold                            177,000,000
                                                 --------------
Gross Profit                                         18,000,000
Total MAT Expense                                    20,000,000
                                                 --------------
Operating Loss                                       (2,000,000)

Equity Loss from Affiliates                          (2,000,000)
Interest Expense                                     (5,000,000)
Other Income (Expense)                                        -

Reorganization Items
   Professional fees                                 (3,000,000)
   Provision for rejected executory contracts                 -
   Other                                             (1,000,000)
                                                 --------------
Total Reorganization Items                           (4,000,000)

Loss Before Taxes                                   (13,000,000)
Income Taxes                                                  -
                                                 --------------
   NET LOSS                                        ($13,000,000)
                                                 ==============


Headquartered in St. Louis, Missouri, Solutia, Inc. --
http://www.solutia.com/-- with its subsidiaries, make and sell a  
variety of high-performance chemical-based materials used in a
broad range of consumer and industrial applications. The Company
filed for chapter 11 protection on December 17, 2003 (Bankr.
S.D.N.Y. Case No. 03-17949).  When the Company filed for
protection from their creditors, they listed $2,854,000,000 in
assets and $3,223,000,000 in debts. (Solutia Bankruptcy News,
Issue No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)


SONICBLUE INC: Releases April 2004 Monthly Operating Report
-----------------------------------------------------------
At April 30, 2004, SONICblue Inc. reports that it is sitting on
$81 million of cash, has accrued $2,442,320 in post-petition
liabilities and faces a $236,848,948 mountain of pre-petition
debts.

A full-text copy of SONICblue Inc.'s April 2004 Operating Report
is available at no charge at:

   http://www.sec.gov/Archives/edgar/data/850519/000095013404008269/f99409exv99w1.txt
  
  
UNITED AIRLINES: April Net Loss Widens to $137.2 Million
--------------------------------------------------------
UAL Corporation (OTC Bulletin Board: UALAQ), the holding company
whose primary subsidiary is United Airlines, filed its April
Monthly Operating Report (MOR) with the United States Bankruptcy
Court.

The company reported a loss from operations of $75 million,
which represents an improvement of approximately $221 million
over April 2003. Mainline passenger unit revenue improved 20%
year-over-year. Unit costs were down 12% over last year.  
Excluding fuel, costs were down 17%.  The company reported a net
loss of $137 million, including $28 million in reorganization
expenses, which include non-cash items resulting from the
rejection of aircraft as the company aligns its fleet with the
market.  UAL met the requirements of its debtor-in-possession
(DIP) financing.

"Like the rest of the industry, we are challenged by high
fuel prices," said Jake Brace, United's executive vice president
and chief financial officer.  "We continue to move United's
restructuring forward.  We are introducing a number of fuel
conservation measures and building on our cost reduction efforts
on all fronts. If fuel prices were at more typical levels,
United would have reported an operating profit in April."

UAL ended April with a cash balance of about $2.3 billion,
which included $685 million in restricted cash (filing entities
only). The cash balance decreased $246 million during the month
of April, driven by a pension contribution of $110 million, a
quarterly retroactive wage payment to International Association
of Machinists members of $63 million, the April Bank One DIP
repayment of $60 million and a quarterly Success Sharing reward
to employees of $26 million. The Success Sharing program
provided a cash payout for employees, who exceeded performance
goals for on-time departure and customer satisfaction.

United continued to deliver strong operational results, with
an on-time departure performance of 85.1% and a record April load
factor of 79.9%.

A full-text copy of United's April Operating Report is available
for free at the Securities and Exchange Commission at:

    http://www.sec.gov/Archives/edgar/data/100517/000010051704000017/maymastr.htm


             UAL Corporation and Subsidiary Companies
          Condensed Consolidating Statement of Operations
                For The Month Ended April 30, 2004
                         (In Thousands)

Total operating revenues                             $1,395,822

Total operating expenses                              1,470,502

Earnings (loss) from operations                         (74,680)

Non-operating income (expenses):
   Net interest expense                                 (36,496)
   Other income (expenses), net                           2,101
                                                     ----------
Total non-operating income (expenses)                   (34,395)

Net Earnings (loss) before Reorganization items        (109,075)

Reorganization items                                    (28,195)
                                                     ----------
Net earnings (loss)                                   ($137,270)
                                                     ==========

Headquartered in Chicago, Illinois, UAL Corporation --
http://www.united.com/-- through United Air Lines, Inc., is the  
holding company for United Airlines -- the world's second largest
air carrier.  the Company filed for chapter 11 protection on
December 9, 2002 (Bankr. N.D. Ill. Case No. 02-48191). James H.M.
Sprayregen, Esq., Marc Kieselstein, Esq., David R. Seligman, Esq.,
and Steven R. Kotarba, Esq., at KIRKLAND & ELLIS represent the
Debtors in their restructuring efforts.  When the Company filed
for protection from their creditors, they listed $24,190,000,000
in assets and  $22,787,000,000 in debts. (United Airlines
Bankruptcy News, Issue No. 49; Bankruptcy Creditors' Service,
Inc., 215/945-7000)   


WESTPOINT STEVENS: Reports $7.4 Million Net Loss in April 2004
--------------------------------------------------------------

                      WESTPOINT STEVENS, INC.  
                           Balance Sheet  
                         At April 30, 2004  
                          (in thousands)  
  
                             Assets  
  
Current Assets
   Cash and cash equivalents                             $7,141
   Short-term investments                                     -
   Accounts receivable, net                             209,674
   Inventories                                          399,768
   Prepaid expenses and other current assets             24,297
                                                     ----------
Total current assets                                    640,880

Total investments and other assets                      126,783
Goodwill                                                      -
Property, Plant and Equipment, net                      584,647
                                                     ----------
TOTAL ASSETS                                         $1,352,310
                                                     ==========

              Liabilities and Stockholders' Deficit

Current Liabilities
   Senior Credit Facility                              $440,736
   DIP Credit Agreement                                 133,637
   Second lien facility                                 165,000
   Accrued interest payable                                 808
   Accounts payable - trade                              61,150
   Accounts payable - intercompany                      142,876
   Other accrued liabilities                            110,928
   Deferred income taxes                                 73,796
   Pension and other liabilities                        138,613
                                                     ----------
Total current liabilities                             1,267,544

Liabilities Subject to Compromise
   Senior notes                                       1,000,000
   Deferred financing fees                               (6,325)
   Accrued interest payable on Senior Notes              36,130
   Accounts payable                                      26,903
   Other payables and accrued liabilities                 8,238
   Pension and other liabilities                         18,849
                                                     ----------
Total liabilities not subject to compromise           1,083,795
                                                     ----------
Total Liabilities                                     2,351,339
Shareholders' Equity (Deficit)
   Equity of subsidiaries                              (123,757)
   Common stock                                             711
   Capital surplus/Treasury Stock                        (2,131)
   Retained earnings (deficit)                         (760,128)
   Minimum pension liability adjustment                (101,921)
   Other adjustments                                    (11,803)
   Unearned compensation                                      -
                                                     ----------
Stockholders' Equity (Deficit)                         (999,029)
                                                     ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (deficit)   $1,352,310
                                                     ==========


                      WESTPOINT STEVENS, INC.
                      Statement of Operations
                    Month Ended April 30, 2004
                          (in thousands)

Total sales                                            $134,737
Cost of sales                                           119,559
                                                     ----------
   Gross profit                                          15,178

Selling and administrative expenses
   Selling expenses                                       4,880
   Warehousing and shipping                               6,847
   Advertising                                              512
   Division administrative expense                        1,172
   MIS expense                                            1,884
   Corporate administrative expense                       1,664
                                                     ----------
Total selling and administrative expense                 16,959

Restructuring and impairment charge                           -
Goodwill impairment charge                                    -
                                                     ----------
   Profit (loss) from operations                         (1,781)

Interest expense
   Interest expense - outside                             7,443
   Capitalized interest expense                               -
   Interest expense - intercompany                          230
   Interest income                                            -
   Interest income - intercompany                             -
                                                     ----------
Net interest expense                                      7,673

Other expense
   Miscellaneous                                          1,278
   Royalties - intercompany                               3,134
   Transaction gain/loss                                      -
                                                     ----------
   Total other expense                                    4,412

Other income
   Royalties - intercompany                                   -
   Dividends                                                  -
   Sale of assets                                         5,553
   Miscellaneous                                             14
                                                     ----------
   Total other income                                     5,567
                                                     ----------
Net other expense                                        (1,155)
                                                     ----------
Income (loss) before Chapter 11 reorganization
   expenses and income taxes (benefit) and
   extraordinary items                                   (8,299)

Chapter 11 reorganization expenses                        2,419

Income tax expense (benefit)                             (3,244)

Extraordinary item - net of taxes                             -
                                                     ----------
Net Income (loss)                                       ($7,474)
                                                     ==========


                      WESTPOINT STEVENS, INC.
                      Statement of Cash Flows
                    Month Ended April 30, 2004
                          (in thousands)

Cash flows from operations
Net income (loss)                                       ($7,474)
   Restructuring                                              -
   Equity adjustments                                    (1,971)
   Depreciation and amortization expense                  6,011
   Gain on sale of assets                                (5,545)
Working Capital Changes
   Decrease/(increase) - accounts receivable             32,292
   Decrease/(increase) - inventories                    (17,002)
   Decrease/(increase) - other current assets             1,690
   Decrease/(increase) - other noncurrent assets & debts    889
   Increase/(decrease) - accounts payable (trade)         1,881
   Increase/(decrease) - a/p (intercompany)              (1,067)
   Increase/(decrease) - accrued liabilities            (10,551)
   Increase/(decrease) - accrued interest payable        (5,115)
   Increase/(decrease) - pension and other liabilities   (5,152)
   Increase/(decrease) - deferred federal income tax     (2,790)
                                                     ----------
Total cash flows from operations                        (13,904)

Cash flows from investing activities
   Capital expenditures                                  (2,540)
   Transfers                                                241
   Net proceeds from sale of assets                       5,422
                                                     ----------
Total cash flows from investing                           3,123

Cash flows from financing activities
   Increase/(decrease)- DIP Credit Agreement             16,236
                                                     ----------
Total cash flows from financing                          16,236

Beginning cash balance                                    1,686
Change in cash                                            5,455
                                                     ----------
Ending cash balance                                      $7,141
                                                     ==========


WESTPOINT STEVENS: JP Stevens & Co.'s April Operating Report
------------------------------------------------------------
  
                    J.P. STEVENS & CO., INC.  
                          Balance Sheet  
                       At April 30, 2004  
                          (in thousands)  
  
                             Assets  
  
Current Assets
   Cash and cash equivalents                                  -
   Accounts receivable - intercompany                  $110,738
   Prepaid expenses and other current assets                 11
                                                     ----------
Total current assets                                    110,749

Total investments & other assets                          2,697
Goodwill                                                      -
                                                     ----------
TOTAL ASSETS                                           $113,446
                                                     ==========

              Liabilities and Stockholders' Deficit

Current Liabilities
   Accounts payable - intercompany                            -
   Other accrued liabilities                                  -
   Deferred income taxes                                      -
   Pension and other liabilities                              -
                                                     ----------
Total current liabilities                                     -
Non-current Liabilities                                       -

Shareholders' Equity (Deficit)
   Equity of subsidiaries                               $10,503
   Common stock                                               -
   Capital surplus/Treasury Stock                             -
   Retained earnings (deficit)                          102,943
   Minimum pension liability adjustment                       -
   Other adjustments                                          -
   Unearned compensation                                      -
                                                     ----------
Stockholders' Equity (Deficit)                          113,446
                                                     ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (deficit)     $113,446
                                                     ==========

J.P. Stevens & Co., Inc., reports no income or cash flow for
April 2004.


WESTPOINT STEVENS: JP Stevens Enterprises' April Operating Report
-----------------------------------------------------------------
  
                  J.P. STEVENS ENTERPRISES, INC.  
                          Balance Sheet  
                        At April 30, 2004  
                          (in thousands)  
  
                             Assets  
  
Current Assets
   Cash and cash equivalents                                $25
   Accounts receivable - intercompany                    15,741
   Prepaid expenses and other current assets                  -
                                                     ----------
Total current assets                                     15,766

Total investments & other assets                              -
Goodwill                                                      -
                                                     ----------
TOTAL ASSETS                                            $15,766
                                                     ==========

              Liabilities and Stockholders' Deficit

Current Liabilities
   Accounts payable - intercompany                            -
   Other accrued liabilities                               $182
   Deferred income taxes                                      -
   Pension and other liabilities                              -
                                                     ----------
Total current liabilities                                   182
Non-current Liabilities                                       -
                                                     ----------
Total liabilities                                           182

Shareholders' Equity (Deficit)
   Equity of subsidiaries                                     -
   Common stock                                               2
   Capital surplus/Treasury Stock                             -
   Retained earnings (deficit)                           15,582
   Minimum pension liability adjustment                       -
   Other adjustments                                          -
   Unearned compensation                                      -
                                                     ----------
Stockholders' Equity (Deficit)                           15,584
                                                     ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (deficit)      $15,766
                                                     ==========


                  J.P. STEVENS ENTERPRISES, INC.
                     Statement of Operations
                    Month Ended April 30, 2004  
                          (in thousands)  
  
Net sales                                                     -
Cost of goods sold                                            -
                                                     ----------
   Gross earnings                                             -

Selling and administrative expenses
   Selling expenses                                          $3
   Warehousing and shipping                                   -
   Advertising                                                -
   Division administrative expense                            -
   MIS expense                                                -
   Corporate administrative expense                           -
                                                     ----------
Total selling and administrative expense                      3

Restructuring and impairment charge                           -
Goodwill impairment charge                                    -
                                                     ----------
   Operating earnings (loss)                                 (3)

Interest expense
   Interest expense - outside                                 -
   Capitalized interest expense                               -
   Interest expense - intercompany                            -
   Interest income                                            -
   Interest income - intercompany                            73
                                                     ----------
Net interest expense                                        (73)

Other expense
   Miscellaneous                                              -
   Royalties - intercompany                                   -
   Transaction gain/loss                                      -
                                                     ----------
Total other expense                                           -

Other income
   Royalties - intercompany                                 190
   Dividends                                                  -
   Sale of assets                                             -
   Miscellaneous                                              -
                                                     ----------
Total other income                                          190
                                                     ----------
Net other expense                                          (190)
                                                     ----------
Income (loss) before Chapter 11 reorganization
   expenses and income taxes (benefit) and
   extraordinary items                                      260

Chapter 11 reorganization expenses                            -

Income tax expense (benefit)                                 91

Extraordinary item - net of taxes                             -
                                                     ----------
   Net Income (loss)                                       $169
                                                     ==========
  
  
                 J.P. STEVENS ENTERPRISES, INC.  
                     Statement of Cash Flows  
                    Month Ended April 30, 2004  
                          (in thousands)  
  
Cash flows from operations
Net income (loss)                                          $169
Non-cash items
   Depreciation and amortization                              -
Working Capital Changes
   Decrease/(increase) - a/r (intercompany)                 (97)
   Decrease/(increase) - inventories                          -
   Decrease/(increase) - other current assets                 -
   Decrease/(increase) - other noncurrent assets              -
   Increase/(decrease) - accounts payable (trade)             -
   Increase/(decrease) - a/p (intercompany)                   -
   Increase/(decrease) - accrued liabilities                (89)
   Increase/(decrease) - accrued interest payable             -
   Increase/(decrease) - pension & other liabilities          -
   Increase/(decrease) - deferred federal income tax          -
                                                     ----------
Total cash flows from operations                            (17)

Cash flows from investing activities
   Capital expenditures                                       -
   Net proceeds from sale of assets                           -
                                                     ----------
Total cash flows from investing                               -

Cash flows from financing activities
   Increase/(decrease)- DIP Credit Agreement                  -
                                                     ----------
Total cash flows from financing                               -

Beginning cash balance                                       42
Change in cash                                              (17)
                                                     ----------
Ending cash balance                                         $25
                                                     ==========


WESTPOINT STEVENS: WP STEVENS I Posts $2.9 Mil Income in April
--------------------------------------------------------------

                    WESTPOINT STEVENS, INC., I  
                           Balance Sheet  
                         At April 30, 2004  
                          (in thousands)  
  
                             Assets  
  
Current Assets
   Cash and cash equivalents                               $219
   Accounts receivable - intercompany                         -
   Inventories                                           10,569
   Prepaid expenses and other current assets                  -
                                                     ----------
Total current assets                                     10,788

Total investments and other assets                      124,052
Property, Plant and Equipment, net                       12,696
Goodwill                                                      -
                                                     ----------
TOTAL ASSETS                                           $147,536
                                                     ==========

              Liabilities and Stockholders' Deficit

Current Liabilities
   Senior Credit Facility                                     -
   DIP Credit Agreement                                       -
   Long-term debt classified as current                       -
   Accrued interest payable                                   -
   Accounts payable - trade                                $760
   Accounts payable - intercompany                        9,150
   Other accrued liabilities                              6,689
   Deferred income taxes                                      -
   Pension and other liabilities                              -
                                                     ----------
Total current liabilities                                16,599

Non-current Liabilities
   Senior notes                                               -
   Deferred financing fees                                    -
   Accrued interest payable on Senior Notes                   -
   Accounts payable                                       1,396
   Other payables and accrued liabilities                     -
   Pension and other liabilities                              -
                                                     ----------
Total non-current liabilities                             1,396
                                                     ----------
Total liabilities                                        17,995

Shareholders' Equity (Deficit)
   Equity of subsidiaries                                     -
   Common stock                                               1
   Capital surplus/Treasury Stock                        70,559
   Retained earnings (deficit)                           58,981
   Minimum pension liability adjustment                       -
   Other adjustments                                          -
   Unearned compensation                                      -
                                                     ----------
Shareholders' Equity (Deficit)                          129,541
                                                     ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (deficit)     $147,536
                                                     ==========


                    WESTPOINT STEVENS, INC., I  
                      Statement of Operations  
                    Month Ended April 30, 2004  
                          (in thousands)  
  
Net sales                                                $3,747
Cost of goods sold                                        2,262
                                                     ----------
   Gross earnings                                         1,485

Selling and administrative expenses
   Selling expenses                                           6
   Warehousing and shipping                                 191
   Advertising                                                -
   Division administrative expense                            -
   MIS expense                                                -
   Corporate administrative expense                         170
                                                     ----------
Total selling and administrative expense                    367

Restructuring and impairment charge                           -
Goodwill impairment charge                                    -
                                                     ----------
   Operating earnings (loss)                              1,118

Interest expense
   Interest expense - outside                                 -
   Capitalized interest expense                               -
   Interest expense - intercompany                            -
   Interest income                                            -
   Interest income - intercompany                           325
                                                     ----------
Net interest expense                                       (325)

Other expense
   Miscellaneous                                              -
   Royalties - intercompany                                 190
   Transaction gain/loss                                      -
                                                     ----------
Total other expense                                         190

Other income
   Royalties - intercompany                               3,330
   Dividends                                                  -
   Sale of assets                                             -
   Miscellaneous                                              -
                                                     ----------
Total other income                                        3,330
                                                     ----------
Net other expense                                        (3,140)
                                                     ----------
Income (loss) before Chapter 11 reorganization
   expenses and income taxes (benefit) and
   extraordinary items                                    4,583

Chapter 11 reorganization expenses                            -

Income tax expense (benefit)                              1,605

Extraordinary item - net of taxes                             -
                                                     ----------
   Net Income (loss)                                     $2,978
                                                     ==========


                    WESTPOINT STEVENS, INC., I
                      Statement of Cash Flows
                    Month Ended April 30, 2004
                          (in thousands)

Cash flows from operations:
Net income (loss)                                        $2,978
Non-cash items
   Depreciation and amortization                            138
Working Capital Changes
   Decrease/(increase) - a/r (customers)                      -
   Decrease/(increase) - a/r (intercompany)                   -
   Decrease/(increase) - inventories                     (2,174)
   Decrease/(increase) - other current assets                 -
   Decrease/(increase) - other noncurrent assets              -
   Increase/(decrease) - accounts payable (trade)          (167)
   Increase/(decrease) - a/p (intercompany)               1,389
   Increase/(decrease) - accrued liabilities             (1,739)
   Increase/(decrease) - accrued interest payable             -
   Increase/(decrease) - pension & other liabilities          -
   Increase/(decrease) - deferred federal income tax          -
                                                     ----------
Total cash flows from operations                            425

Cash flows from investing activities
   Capital expenditures                                     (16)
   Transfers                                               (275)
   Net proceeds from sale of assets                           -
                                                     ----------
Total cash flows from investing                            (291)

Cash flows from financing activities
   Increase/(decrease)- DIP Credit Agreement                  -
                                                     ----------
Total cash flows from financing                               -

Beginning cash balance                                       85
Change in cash                                              134
                                                     ----------
Ending cash balance                                        $219
                                                     ==========


WESTPOINT STEVENS: WP Stevens Stores' April Operating Report
------------------------------------------------------------
  
                  WESTPOINT STEVENS STORES, INC.  
                          Balance Sheet  
                        At April 30, 2004  
                          (in thousands)  
  
                             Assets  
  
Current Assets
   Cash and cash equivalents                             $1,591
   Accounts receivable - customers                          250
   Accounts receivable - intercompany                     2,477
   Total Inventories                                     21,719
   Prepaid expenses and other current assets                739
                                                     ----------
Total current assets                                     26,776

Total investments & other assets                              -
Goodwill                                                      -
Property, plant and equipment, net                        2,963
                                                     ----------
TOTAL ASSETS                                            $29,739
                                                     ==========

              Liabilities and Stockholders' Deficit

Current Liabilities
   Accounts payable - trade                                $534
   Accounts payable -intercompany                             -
   Other accrued liabilities                              3,094
   Deferred income taxes                                      -
   Pension and other liabilities                              -
                                                     ----------
Total current liabilities                                 3,628
                                                     ----------
Non-current Liabilities
   Accounts payable                                       1,673
                                                     ----------
Total liabilities                                         5,301

Shareholders' Equity (Deficit)
   Equity of subsidiaries                                     -
   Common stock                                               1
   Capital surplus/Treasury Stock                        15,955
   Retained earnings (deficit)                            8,482
   Minimum pension liability adjustment                       -
   Other adjustments                                          -
   Unearned compensation                                      -
                                                     ----------
Stockholders' Equity (Deficit)                           24,438
                                                     ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (deficit)      $29,739
                                                     ==========


                  WESTPOINT STEVENS STORES, INC.
                     Statement of Operations
                    Month Ended April 30, 2004
                          (in thousands)

Net sales                                                $7,401
Cost of goods sold                                        4,421
                                                     ----------
   Gross earnings                                         2,980

Selling and administrative expenses
   Selling expenses                                       2,253
   Warehousing and shipping                                 234
   Advertising                                              211
   Division administrative expense                          317
   MIS expense                                               70
   Corporate administrative expense                         103
                                                     ----------
Total selling and administrative expense                  3,188

Restructuring and impairment charge                           -
Goodwill impairment charge                                    -
                                                     ----------
   Operating earnings (loss)                               (208)

Interest expense
   Interest expense - outside                                 -
   Capitalized interest expense                               -
   Interest expense - intercompany                          195
   Interest income                                            -
   Interest income - intercompany                             -
                                                     ----------
Net interest expense                                        195

Other expense
   Miscellaneous                                              -
   Royalties - intercompany                                   -
   Transaction gain/loss                                      -
                                                     ----------
Total other expense                                           -

Other income
   Royalties - intercompany                                   -
   Dividends                                                  -
   Sale of assets                                             -
   Miscellaneous                                              -
                                                     ----------
Total other income                                            -
                                                     ----------
Net other expense                                             -
                                                     ----------
Income (loss) before Chapter 11 reorganization
   expenses and income taxes (benefit) and
   extraordinary items                                     (403)
Chapter 11 reorganization expenses                            -

Income tax expense (benefit)                               (140)
Extraordinary item - net of taxes                             -
                                                     ----------
   Net Income (loss)                                      ($263)
                                                     ==========


                  WESTPOINT STEVENS STORES, INC.
                     Statement of Cash Flows
                    Month Ended April 30, 2004
                          (in thousands)

Cash flows from operations:
Net income (loss)                                         ($263)
Non-cash items
   Depreciation and amortization                             69
   Gain on sale of assets                                   (14)
Working Capital Changes
   Decrease/(increase) - a/r (customers)                    (68)
   Decrease/(increase) - a/r (intercompany)                (637)
   Decrease/(increase) - inventories                       (147)
   Decrease/(increase) - other current assets                 9
   Decrease/(increase) - other noncurrent assets              -
   Increase/(decrease) - accounts payable (trade)           135
   Increase/(decrease) - a/p (intercompany)                   -
   Increase/(decrease) - accrued liabilities                689
   Increase/(decrease) - accrued interest payable             -
   Increase/(decrease) - pension & other liabilities          -
   Increase/(decrease) - deferred federal income tax          -
                                                     ----------
Total cash flows from operations                           (227)
Cash flows from investing activities
   Capital expenditures                                      (7)
   Transfers                                                 34
   Net proceeds from sale of assets                           -
                                                     ----------
Total cash flows from investing                              27

Cash flows from financing activities
   Increase/(decrease)- DIP Credit Agreement                  -
                                                     ----------
Total cash flows from financing                               -

Beginning cash balance                                    1,791
Change in cash                                             (200)
                                                     ----------
Ending cash balance                                      $1,591
                                                     ==========


WORLD ACCESS INC: Releases Oct. 2003 to March 2004 Cash Flow Data
-----------------------------------------------------------------
World Access, Inc., and its WA Telcom Products Co., Inc., World
Access Telecommunications Group, Inc., FaciliCom International,
L.L.C. and WorldxChange Communications, Inc., subsidiaries
released Monthly Operating Reports this week for the months of
October 2003, November 2003, December 2003, January 2004, February
2004 and March 2004.

The companies caution that the information in these reports is
unaudited and has not been reviewed by an independent accountant.

The Monthly Operating Reports show:

                                    Beginning Cash  Ending Cash
                                      Balance at     Balance at
    Debtor Entity                    Oct. 1, 2003  March 30, 2004
    -------------                   -------------- --------------
    World Access, Inc.              $17,148,612.63 $14,171,418.23
    WA Telcom Products             
       Co., Inc.                     10,045,715.50  10,088,233.75  
    World Access Telecommunications
       Group, Inc.                    7,613,691.03   7,694,896.63
    FaciliCom International, L.L.C.   8,230,658.42  14,285,813.88
    WorldxChange Communications.      3,293,629.09   3,295,105.70


Full-text copies of the Debtors' Monthly Operating Reports are
available at no charge at:

World Access Inc.:
     http://www.sec.gov/Archives/edgar/data/1071645/000095014404005921/g89406exv99w1.txt

WA Telcom Products Co., Inc.:
     http://www.sec.gov/Archives/edgar/data/1071645/000095014404005921/g89406exv99w2.txt

World Access Telecommunications Group, Inc.:
     http://www.sec.gov/Archives/edgar/data/1071645/000095014404005921/g89406exv99w3.txt

Facilicom International, L.L.C.:
     http://www.sec.gov/Archives/edgar/data/1071645/000095014404005921/g89406exv99w4.txt

WorldxChange Communications:
     http://www.sec.gov/Archives/edgar/data/1071645/000095014404005921/g89406exv99w5.txt             


On April 24, 2001, World Access, Inc., and its debtor-affiliates
filed for chapter 11 protection in the United States Bankruptcy
Court for the Northern District of Illinois, Eastern Division
(Bankr. Case No. 01-14633-SPS).  

   
                            *********

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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published by
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USA, and Beard Group, Inc., Frederick, Maryland USA.  The TCR is
published every Monday through Saturday except on New Year's Day,
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Yvonne L. Metzler, Bernadette C. de Roda, Jazel P. Laureno,
Rizande B. Delos Santos, Paulo Jose A. Solana, Aileen M. Quijano
and Peter A. Chapman, Editors.

Copyright 2004.  All rights reserved.  ISSN: 1520-9474.

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