TCR_Public/041016.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, October 16, 2004, Vol. 8, No. 225

                          Headlines

ANC RENTAL: Reports $231,069 Net Loss in August 2004
DAN RIVER: Posts $5.7 Million Net Loss in August 2004
FEDERAL-MOGUL: Reports $4.7 Million Net Loss in August 2004
GLOBAL CROSSING: Files Restated 1st Quarter 2003 Operating Report
GLOBAL CROSSING: Files Restated 2nd Quarter 2003 Operating Report

GLOBAL CROSSING: Files Restated 3rd Quarter 2003 Operating Report
GLOBAL CROSSING: Restated Annual 2003 Operating Report
GLOBAL CROSSING: Files First Quarter 2004 Operating Report
GLOBAL CROSSING: Files Second Quarter 2004 Operating Report
KAISER ALUMINUM: Reports $4.7 Million Net Loss for August 2004

KEYSTONE CONSOLDIATED: Posts $591,269 Net Loss in September 2004
MED DIVERSIFIED: Aug. 31 Balance Sheet Upside Down by $43 Million
PG&E NATIONAL: ET Power's July 2004 Monthly Operating Report
PG&E NATIONAL: USGen's July 2004 Monthly Operating Report
PG&E NATIONAL: USGen's August 2004 Monthly Operating Report

SONICBLUE INC: Releases August 2004 Monthly Operating Report
TOUCH AMERICA: Files August 2004 Monthly Operating Report
USG CORP: Posts $29.4 Million Net Earnings in August 2004

                          *********

ANC RENTAL: Reports $231,069 Net Loss in August 2004
----------------------------------------------------

                    ANC Rental Corporation, et al.
                        Combined Balance Sheet
                        As of August 31, 2004

                                ASSETS

Current Assets
       Cash -- Investments and Other Cash              $1,135,325
       Cash -- ANC Primary Disbursement                     1,554
                                                  ---------------
          Total Unrestricted Cash                       1,136,879

       Restricted Cash -- Professional Fee Escrow               0
       Restricted Cash -- Tax Escrow                    5,658,732
                                                  ---------------
          Total Restricted Cash                         5,658,732

       Accounts Receivable Other                       20,053,795
       Corporate Accounts                               3,639,854
       Collision Damage Recovery A/R                    2,873,499
       Collision Damage Recovery Reserve               (2,873,499)
       Provision -- Trade A/R                          (3,640,625)
                                                  ---------------
          Total Receivables, net                       20,053,024
                                                  ---------------
Total Current Assets                                   26,848,635
  
Other Assets Deposits                                      93,998
                                                  ---------------
Total Assets                                          $26,942,633
                                                  ===============

                         LIABILITIES & CAPITAL

Administrative Liabilities
       Accounts Payable                                  $650,726
       Accrued Interest on 3rd Party Debt               6,500,000
       Reserve for Other Administrative Claims          1,025,000
                                                  ---------------
Estimated Administrative and
Professional Fee Reserves                               8,175,726

Secured Liabilities
       Accrued Ad-Valorem Tax Reserve                   6,351,709

Priority Liabilities
       Accrued Prepetition Personal Property Taxes      2,264,409
       Other Priority Creditor Accruals                   444,127

General Unsecured Liabilities
       Reserves for General Unsecured Claims          457,463,363
                                                  ---------------
Total Liabilities                                     474,699,335

Total Capital                                        (447,756,702)
                                                  ---------------
Total Liabilities & Capital                           $26,942,633
                                                  ===============


                    ANC Rental Corporation, et al.
                       Statement of Operations
                 For the month ending August 31, 2004

Total Revenues                                            $37,366

Expenses
       Citations                                             (548)
       Turnback Expense Charges                                 0
       Damage Repair -- Collection                         (1,092)
       Unemployment Taxes -- State                              0
       Payroll Taxes -- Other                             (20,938)
       Bank Service Charges                                 1,000
       Consulting Fees                                    240,928
       Accounting -- Auditing Fees                            908
       Legal Fees                                          83,918
       Data Processing Services                             6,721
       Printed Forms/Stationery                             5,522
       Courier/Overnight Delivery                             177
       Rent Expense                                             0
       Utilities                                           (1,063)
       Telephone/Communications                                 0
       Personal Property Taxes                            (32,203)
       Non-Property Taxes                                     792
       Business Licenses & Bonds                              550
       Environmental Costs                                      0
       Corporate Provision For Bad De                      (4,849)
       Miscellaneous Other Expense (Operating)            (11,390)
       Interest Exp -- Other Notes                              0
                                                  ---------------
          Total Expenses                                  268,434
                                                  ---------------
Net Income                                              ($231,069)
                                                  ===============


                    ANC Rental Corporation, et al.
                   Cash Receipts and Disbursements
                 For the month ending August 31, 2004

Cash at Beginning of Period                            $7,231,258

Receipts:
       Credit Card and Local Deposits                          $0
       Collections of Accounts Receivable                  38,872
       Other Receipts                                     515,905
                                                  ---------------
          Total Receipts                                  554,777

Disbursements:
       US Trustee Fees Paid                                     0
       Fleet Operating Expenses                                 0
       Personnel - Net Cash Payroll                             0
       Personnel - Payroll Taxes Paid                           0
       Personnel - Benefits Payments                            0
       Personnel - Payments of Garnishments Withheld            0
       Travel Expenses Paid                                     0
       Fuel Rental Fleet Payments                               0
       Airport - Agency - Concession Fees Paid                  0
       Insurance Payments All                              81,400
       Facility & Other Fixed Operating Expenses Paid           0
       Travel Agency Tour Operator Commission Payments          0
       Advertising Payments                                     0
       IT Consulting Payments                                   0
       IT Other Cash Payments                                   0
       Sales Taxes and Other Taxes Paid                   571,788
       Professional Fees Paid - Ordinary Course                 0
       Professional Fees Paid - Bankruptcy Professional   327,481
       Other Miscellaneous Operating Expenses Paid          9,754
       Capital Expenditures                                     0
       Interest and Financing Fees Paid                         0
       Vehicle Holding Costs Paid                               0
       Working Capital Fundings to Subsidiaries                 0
                                                  ---------------
          Total Disbursements                             990,424

Net Cash Flow                                            (435,647)
                                                  ---------------
Cash at End of Period                                  $6,795,611
                                                  ===============

Headquartered in Fort Lauderdale, Florida, ANC Rental Corporation,
is the world's third-largest publicly traded car rental company.  
The Company filed for chapter 11 protection on November 13, 2001
(Bankr. Del. Case No. 01-11200). On April 15, 2004, Judge Walrath
confirmed the Debtors' 3rd amended Chapter 11 Liquidation Plan, in
accordance with Section 1129(a) and (b) of the Bankruptcy Code.
Upon confirmation, Blank Rome, LLP, and Fried, Frank, Harris,
Shriver & Jacobson, LLP, withdrew as the Debtors' counsel. Gazes &
Associates, LLP, and Stevens & Lee, PC, serve as substitute
counsel to represent the debtors' post-confirmation interests.
When the Company filed for protection from their creditors, they
listed $6,497,541,000 in assets and $5,953,612,000 in liabilities.
(ANC Rental Bankruptcy News, Issue No. 61; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


DAN RIVER: Posts $5.7 Million Net Loss in August 2004
-----------------------------------------------------
On Oct. 4, 2004, Dan River Inc. filed its monthly operating
report for August of fiscal 2004, which includes the period from
Aug. 8, 2004 to Sept. 4, 2004, with the United States Bankruptcy
Court for the Northern District of Georgia. The Company reports
a $5.7 million net loss in $31.2 million of net sales.

A full-text copy of Dan River Inc.'s Monthly Financial Report for
the period from Aug. 8, 2004 to Sept. 4, 2004, is available at no
charge at:

   http://www.sec.gov/Archives/edgar/data/914384/000091438404000026/e9910704.txt


Headquartered in Danville, Virginia, Dan River Inc.
-- http://www.danriver.com/-- designs, manufactures and markets  
textile products for the home fashions, apparel fabrics and
industrial markets. The Company and its debtor-affiliates filed
for chapter 11 protection on March 31, 2004 (Bankr. N.D. Ga. Case
No. 04-10990). James A. Pardo, Jr., Esq., at King & Spalding
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$441,800,000 in total assets and $371,800,000 in total debts.


FEDERAL-MOGUL: Reports $4.7 Million Net Loss in August 2004
-----------------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                     Unaudited Balance Sheet
                      As of August 31, 2004
                          (In millions)

                             Assets

Cash and equivalents                                     $305.1
Accounts receivable                                       578.5
Inventories                                               494.8
Deferred taxes                                            199.5
Prepaid expenses and other current assets                 110.5
                                                     ----------
Total current assets                                    1,688.4

Summary of Unpaid Postpetition Debits                     (72.5)
Intercompany Loans Receivable (Payable)                 2,454.6
                                                     ----------
Intercompany Balances                                   2,382.1

Property, plant and equipment                           1,072.5
Goodwill                                                1,175.5
Other intangible assets                                   449.6
Insurance recoverable                                     807.6
Other non-current assets                                1,077.7
                                                     ----------
Total Assets                                           $8,653.3
                                                     ==========

               Liabilities and Shareholders' Equity

Short-term debt                                          $278.5
Accounts Payable                                          204.0
Accrued Compensation                                       64.5
Restructuring and rationalization reserves                 15.3
Current portion of asbestos liability                      (0.0)
Interest Payable                                            0.2
Other accrued liabilities                                 304.8
                                                     ----------
Total current liabilities                                 867.3

Long-term debt                                             35.0
Post-employment benefits                                1,464.6
Other accrued liabilities                                 961.3
Liabilities subject to compromise                       6,090.1

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           555.3
   Additional paid-in capital                           7,936.5
   Accumulated deficit                                 (9,626.0)
   Accumulated other comprehensive income                (681.5)
   Other                                                      -
                                                     ----------
Total Shareholders' Equity                               (764.9)
                                                     ----------
Total Liabilities and Shareholders' Equity             $8,653.4
                                                     ==========


                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Operations
               For the month ended August 31, 2004
                          (In millions)

Net sales                                                $282.3
Cost of products sold                                     230.3
                                                     ----------
Gross margin                                               52.0

Selling, general & administrative expenses                (51.7)
Amortization                                               (1.2)
Reorganization items                                      (10.6)
Interest income (expense), net                             (7.7)
Other income (expense), net                                16.4
                                                     ----------
Earnings before Income Taxes                               (2.7)

Income Tax (Expense) Benefit                               (2.1)
                                                     ----------
Earnings before effect of change in acctg principle        (4.7)
Cumulative effect of change in acctg principle                -
                                                     ----------
Net Earnings (loss)                                       ($4.7)
                                                     ==========

                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Cash Flows
               For the month ended August 31, 2004
                          (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earnings (loss)                                    ($4.7)

Adjustments to reconcile net earnings (loss):
   Depreciation and amortization                           14.4
   Adjustments of assets held for sale to fair value          -
   Asbestos Charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg principle             -
   Change in post-employment benefits                       0.1
   Decrease/(increase) in accounts receivable              (0.9)
   Decrease/(increase) in inventories                     (11.4)
   Increase/(decrease) in accounts payable                  9.5
Change in other assets and other liabilities               (9.3)
   Change in restructuring charge                          (0.9)
   Refunds (payments) against asbestos liability              -
                                                     ----------
Net Cash Provided From Operating Activities                (3.1)

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment           (10.0)
   Proceeds from sale of property, plant & equipment          -
   Proceeds from sale of businesses                           -
   Business acquisitions, net of cash acquired                -
   Other                                                      -
                                                     ----------
Net Cash Provided From (Used By) Investing Activities     (10.0)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                             11.4
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                   (4.3)
                                                     ----------
Net Cash Provided From Financing Activities                 7.1

Increase (Decrease) in Cash and Equivalents                (6.0)

Cash and equivalents at beginning of period               311.1
                                                     ----------
Cash and equivalents at end of period                    $305.1
                                                     ==========

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is one of the world's largest  
automotive parts companies with worldwide revenue of some
$6 billion. The Company filed for chapter 11 protection on Oct. 1,
2001 (Bankr. Del. Case No. 01-10582). Lawrence J. Nyhan, Esq.,
James F. Conlan, Esq., and Kevin T. Lantry, Esq., at Sidley Austin
Brown & Wood and Laura Davis Jones, Esq., at Pachulski, Stang,
Ziehl, Young, Jones & Weintraub, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
its creditors, they listed $10.15 billion in assets and
$8.86 billion in liabilities. (Federal-Mogul Bankruptcy News,
Issue No. 65; Bankruptcy Creditors' Service, Inc., 215/945-7000)


GLOBAL CROSSING: Files Restated 1st Quarter 2003 Operating Report
-----------------------------------------------------------------

                 Global Crossing Ltd. & Subsidiaries
            Condensed Consolidated Restated Balance Sheet
                         as of March 31, 2003
                            (in millions)

ASSETS:
Current assets:
    Cash and cash equivalents                              $332
    Restricted cash and cash equivalents                    328
    Accounts receivable, net of allowances
       of $137 and $134, respectively                       480
    Other current assets and prepaid costs                  218
                                                        -------
Total current assets                                      1,358

Property and equipment, net                               1,049
Other assets                                                126
                                                        -------
Total assets                                             $2,533
                                                        =======

LIABILITIES:
Current liabilities not subject to compromise:
    Accounts payable                                       $148
    Accrued cost of access                                  249
    Accrued restructuring costs                             160
    Deferred revenue - current portion                      281
    Other current liabilities                               503
                                                        -------
Total current liabilities                                 1,341
                                                        -------
Deferred revenue                                          1,261
Other deferred liabilities                                  245
                                                        -------
Total liabilities not subject to compromise               2,847
Liabilities subject to compromise                         8,273
                                                        -------
Total Liabilities                                        11,120
                                                        -------
Mandatorily redeemable preferred stock                      526
                                                        -------
Cumulative convertible preferred stock                    1,904
                                                        -------
Commitments and Contingencies

Shareholders' Deficit:
Common stock, 3,000,000,000 shares authorized,
    par value $.01 per share, 909,388,595 shares issued
    outstanding as of 03/31/2003.                             9
Treasury stock, 22,033,758                                 (209)
Additional paid-in capital                               14,364
Accumulated other comprehensive loss                       (344)
Accumulated deficit                                     (24,837)
                                                        -------
                                                        (11,017)
                                                        -------
Total liabilities and shareholders' deficit              $2,533
                                                        =======


                 Global Crossing Ltd. & Subsidiaries
      Condensed Consolidated Restated Statements of Operations
                  Three Months Ended March 31, 2003
                            (in millions)

Revenues                                                   $735
Operating expenses:
    Cost of access and maintenance                          533
    Other operating expenses                                240
    Depreciation and amortization                            35
                                                        -------
                                                            808
                                                        -------
Operating loss                                              (73)
Other income (Expense):
    Interest expense, net                                    (7)
    Other income, net                                       (11)
                                                        -------
Loss before reorganization items, net & income taxes        (91)
    Reorganization items, net                                (5)
                                                        -------
Loss from continuing operations before
provision for income taxes                                  (96)
    Provision for income taxes                               (1)
                                                        -------
Net loss                                                    (97)
Preferred stock dividends                                     -
                                                         -------
Loss applicable to common shareholders                     ($97)
                                                         =======


                 Global Crossing Ltd. & Subsidiaries
       Condensed Consolidated Restated Statements of Cash Flows
                  Three Months Ended March 31, 2003
                            (in millions)

Cash flows provided by (used in) operating activities:
Net loss                                                   ($97)
Adjustments to reconcile net loss to net cash
used in continuing operations:
    Depreciation and amortization                            35
    Reorganization items, net                                 5
    Deferred reorganization costs                             -
    Provision for doubtful accounts                          13
    Stock-related expenses                                    -
    Non-cash income tax provision                             -
    Amortization of prior period IRUs                       (20)
    Other                                                     2
    Changes in operating assets and liabilities              58
                                                        -------
    Net cash used in operations                              (4)
    Net cash used in reorganization items                   (44)
                                                        -------
Net cash used in operating activities                       (48)
                                                        -------

Cash flows provided by (used in) investing activities:
Purchases of property and equipment                         (44)
Proceeds from sale of property and equipment                  6
Change in restricted cash and cash equivalents               (1)
Proceeds from sale of marketable securities                   2
Proceeds from sale of equity interest
    in holding companies                                      -
                                                        -------
Net cash used in investing activities                       (37)
                                                        -------

Cash flows used in financing activities:
Repayment of capital lease obligations                       (5)
                                                        -------
Net cash used in financing activities                        (5)
                                                        -------
Effect of exchange rate changes
    on cash & cash equivalents                               (1)

Net decrease in cash and cash equivalents                   (91)
Cash and cash equivalents, beginning of period              423
                                                        -------
Cash and cash equivalents, end of period                   $332
                                                        =======


GLOBAL CROSSING: Files Restated 2nd Quarter 2003 Operating Report
-----------------------------------------------------------------

                 Global Crossing Ltd. & Subsidiaries
            Condensed Consolidated Restated Balance Sheet
                         as of June 30, 2003
                            (in millions)

ASSETS:
Current assets:
    Cash and cash equivalents                              $226
    Restricted cash and cash equivalents                    331
    Accounts receivable, net of allowances
       of $124 and $134, respectively                       452
    Other current assets and prepaid costs                  227
                                                        -------
Total current assets                                      1,236

Property and equipment, net                               1,051
Other assets                                                130
                                                        -------
Total assets                                             $2,417
                                                        =======

LIABILITIES:
Current liabilities not subject to compromise:
    Accounts payable                                       $178
    Accrued cost of access                                  250
    Accrued restructuring costs                             165
    Deferred revenue - current portion                      280
    Other current liabilities                               446
                                                        -------
Total current liabilities                                 1,319
                                                        -------
Deferred revenue                                          1,273
Other deferred liabilities                                  248
                                                        -------
Total liabilities not subject to compromise               2,840
Liabilities subject to compromise                         8,252
                                                        -------
Total liabilities                                        11,092
                                                        -------
Mandatorily redeemable preferred stock                      526
Cumulative convertible preferred stock                    1,903
                                                        -------
Commitments and Contingencies
Shareholders' Deficit:

Common stock                                                  9
Treasury stock                                             (209)
Additional paid-in capital                               14,365
Accumulated other comprehensive loss                       (406)
Accumulated deficit                                     (24,863)
                                                        -------
                                                        (11,104)
                                                        -------
Total liabilities and shareholders' deficit              $2,417
                                                        =======


                 Global Crossing Ltd. & Subsidiaries
      Condensed Consolidated Restated Statements of Operations
                  Three Months Ended June 30, 2003
                            (in millions)

Revenues                                                   $744
Operating Expenses:
    Cost of access and maintenance                          527
    Other operating expenses                                230
    Depreciation and amortization                            35
                                                        -------
                                                            792
                                                        -------
Operating Loss                                              (48)
Other Income (Expense):
    Interest expense, net                                    (8)
    Other income, net                                        36
                                                        -------
Loss before reorganization items, net & income taxes        (20)
    Reorganization items, net                                (5)
                                                        -------
Loss from continuing operations before
provision for income taxes                                  (25)
    Provision for income taxes                               (2)
                                                        -------
Net loss                                                    (27)
Preferred stock dividends                                     -
                                                        -------
Loss applicable to common shareholders                     ($27)
                                                        =======


                 Global Crossing Ltd. & Subsidiaries
       Condensed Consolidated Restated Statements of Cash Flows
                   Six Months Ended June 30, 2003
                            (in millions)

Cash flows provided by (used in) operating activities:
Net loss                                                  ($124)
Adjustments to reconcile net loss to net cash
used in continuing operations:
    Non cash other income                                    (9)
    Gain on sale of marketable securities                    (1)
    Depreciation and amortization                            70
    Amortization of prior period IRUs                       (42)
    Reorganization items, net                                10
    Provision for doubtful accounts                          26
    Other                                                     6
    Changes in operating assets and liabilities              32
                                                        -------
    Net cash used in operations                             (32)
    Net cash used in reorganization items                   (75)
                                                        -------
Net cash used in operating activities                      (107)
                                                        -------

Cash flows provided by (used in) investing activities:
Purchases of property and equipment                         (83)
Proceeds from sale of property and equipment                  7
Change in restricted cash and cash equivalents               (4)
Proceeds from sale of marketable securities                   2
Proceeds from sale of equity interest
    in holding companies                                      -
                                                        -------
Net cash used in investing activities                       (78)
                                                        -------

Cash flows provided by (used in) financing activities:
Proceeds from short-term borrowings with
    controlling shareholder                                   -
Repayment of capital lease obligations                      (12)
                                                        -------
Net cash provided by (used in) financing activities         (12)
                                                        -------

Effect of exchange rate changes
    on cash & cash equivalents                                -

Net decrease in cash and cash equivalents                  (197)
Cash and cash equivalents, beginning of period              423
                                                        -------
Cash and cash equivalents, end of period                   $226
                                                        =======


GLOBAL CROSSING: Files Restated 3rd Quarter 2003 Operating Report
-----------------------------------------------------------------

                 Global Crossing Ltd. & Subsidiaries
            Condensed Consolidated Restated Balance Sheet
                       as of September 30, 2003
                            (in millions)

ASSETS:
Current assets:
    Cash and cash equivalents                              $208
    Restricted cash and cash equivalents                    332
    Accounts receivable, net of allowances
       of $138 and $134, respectively                       425
    Other current assets and prepaid costs                  174
                                                        -------
Total current assets                                      1,139

Property and equipment, net                               1,039
Other assets                                                133
                                                        -------
Total assets                                             $2,311
                                                       =======

LIABILITIES:
Current liabilities not subject to compromise:
    Accounts payable                                       $140
    Accrued cost of access                                  267
    Accrued restructuring costs                             157
    Deferred revenue - current portion                      279
    Other current liabilities                               438
                                                        -------
Total current liabilities                                 1,281
                                                        -------
Deferred revenue                                          1,314
Other deferred liabilities                                  247
                                                        -------
Total liabilities not subject to compromise               2,842
Liabilities subject to compromise                         8,763
                                                        -------
Total liabilities                                        11,605
                                                        -------
Cumulative convertible preferred stock                    1,900
                                                        -------
Commitments and Contingencies

Shareholders' Deficit:
Common stock, 3,000,000,000 shares authorized,
    par value $.01 per share, 909,463,931 shares issued
    and outstanding as of 09/30/2003                          9
Treasury stock, 22,033,758                                 (209)
Additional paid-in capital                               14,368
Accumulated other comprehensive loss                       (419)
Accumulated deficit                                     (24,943)
                                                        -------
                                                        (11,194)
                                                        -------
Total liabilities and shareholders' deficit              $2,311
                                                        =======


                 Global Crossing Ltd. & Subsidiaries
      Condensed Consolidated Restated Statements of Operations
                Three Months Ended September 30, 2003
                          (in millions)

Revenues                                                   $734
Operating Expenses:
    Cost of access and maintenance                          524
    Other operating expenses                                230
    Termination of ship charter                             (15)
    Depreciation and amortization                            36
                                                        -------
                                                            775
                                                        -------
Operating loss                                              (41)
Other expense:
    Interest expense, net                                    (7)
    Other expense, net                                       (1)
                                                        -------
Loss before reorganization items, net & income taxes        (49)
    Reorganization items, net                               (30)
                                                        -------
Loss from continuing operations before income taxes         (79)
    Provision for income taxes                               (1)
                                                        -------
Loss applicable to common shareholders                     ($80)
                                                        =======


                 Global Crossing Ltd. & Subsidiaries
       Condensed Consolidated Restated Statements of Cash Flows
                Nine Months Ended September 30, 2003
                          (in millions)

Cash flows provided by (used in) operating activities:
Net loss                                                  ($204)
Adjustments to reconcile net loss to net cash
used in continuing operations:
    Non-cash other income                                   (12)
    Depreciation and amortization                           107
    Reorganization items                                     40
    Provision for doubtful accounts                          38
    Other                                                     7
    Changes in operating assets and liabilities              48
                                                        -------
    Net cash provided by operations                          24
    Net cash used in reorganization items                  (112)
                                                        -------
    Net cash used in operations                             (88)
                                                        -------
Cash flows provided by (used in) investing activities:
Purchases of property and equipment                        (119)
Proceeds from sale of property and equipment                  9
Proceeds from sale of marketable securities                   2
Change in restricted cash and cash equivalents               (5)
                                                        -------
Net cash used in investing activities                      (113)
                                                        -------

Cash flows used in financing activities:
Repayment of capital lease obligations                      (14)
                                                        -------
Net cash used in financing activities                       (14)
                                                        -------
Net decrease in cash and cash equivalents                  (215)
Cash and cash equivalents, beginning of period              423
                                                        -------
Cash and cash equivalents, end of period                   $208
                                                        =======


GLOBAL CROSSING: Restated Annual 2003 Operating Report
------------------------------------------------------

                Global Crossing Ltd. & Subsidiaries
                Consolidated Restated Balance Sheet
                      As of December 31, 2003
                           (in millions)

ASSETS
Current assets:
    Cash and cash equivalents                              $290
    Restricted cash and cash equivalents                     15
    Accounts receivable, net of allowances                  421
    Other current assets and prepaid costs                  166
                                                        -------
    Total current assets                                    892

Property and equipment, net                               1,186
Intangible assets, net                                      113
Other assets                                                 57
                                                        -------
Total assets                                             $2,248
                                                        =======

LIABILITIES
Current liabilities:
    Accounts payable                                       $143
    Accrued cost of access                                  229
    Accrued restructuring costs - current portion            32
    Deferred revenue - current portion                       87
    Deferred reorganization costs - current portion         128
    Other current liabilities                               421
                                                        -------
    Total current liabilities                             1,040
                                                        -------
Debt with controlling shareholder                           200
Obligations under capital leases                            200
Deferred revenue                                            148
Deferred reorganization costs                                42
Other deferred liabilities                                  225
Liabilities subject to compromise                             -
                                                         -------
                                                          1,855
                                                        -------
Shareholder's Deficit:
Preferred Stock with controlling shareholder,
    45,000,000 shares authorized, par value $.10
    per share, 18,000,000 shares issued and
    outstanding as of 12/31/2003                              2
Common stock, 55,000,000,000 shares authorized,
    par value $.01 per share, 22,000,000 (6,600,000
    with the controlling shareholder) shares issued
    and outstanding as of 12/31/2003                          -
Additional paid-in capital                                  406
Accumulated other comprehensive loss                         (4)
Accumulated deficit                                         (11)
                                                        -------
                                                            393
                                                        -------
    Total liabilities and shareholder's deficit          $2,248
                                                        =======


                Global Crossing Ltd. & Subsidiaries
           Consolidated Restated Statements of Operations
            For the Period January 1 to December 9, 2003
                          (in millions)

Revenues                                                 $2,754

Operating expenses:
    Cost of access and maintenance                        1,969
    Other operating expenses                                854
    Termination of ship center                              (15)
    Depreciation and amortization                           144
                                                        -------
                                                          2,952
                                                        -------
Operating loss                                             (198)

Other income (expense):
    Interest expense                                        (24)
    Other income, net                                        59
                                                       --------
Loss from operations before reorganization items           (163)
    Reorganization items, net                              (127)
    Gain on settlement of liabilities subject to
       compromise and recapitalization                   23,934
    Gain from fresh start adjustments                     1,100
                                                        -------
Income (Loss) from operations before income taxes        24,744
    Provision for income taxes                               (5)
                                                        -------
Income (Loss) applicable to common shareholders         $24,739
                                                        =======


                Global Crossing Ltd. & Subsidiaries
           Consolidated Restated Statements of Operations
          For the Period December 10 to December 31, 2003
                           (in millions)

Revenues                                                   $178

Operating expenses:
    Cost of access and maintenance                          125
    Other operating expenses                                 54
    Depreciation and amortization                             9
                                                        -------
                                                            188
                                                        -------
Operating loss                                              (10)

Other income (expense):
    Interest expense                                         (3)
    Interest income                                           1
    Other income, net                                         2
                                                        -------
Loss from operations before income taxes                    (10)
                                                        -------
    Provision for income taxes                               (1)
                                                        -------
Loss applicable to common shareholders                     ($11)
                                                        =======


                Global Crossing Ltd. & Subsidiaries
           Consolidated Restated Statements of Cash Flows
            For the Period January 1 to December 9, 2003
                           (in millions)

Cash flows used in operating activities:
Net income                                              $24,739
Adjustments to reconcile net loss to net cash
used in continuing operations:
    Gain on sale of fixed assets                             (1)
    Amortization of prior period IRUs                       (78)
    Non-cash fresh start adjustments                     (1,100)
    Gain on settlement of liabilities subject
       to compromise and recapitalization               (23,934)
    Depreciation and amortization                           144
    Reorganization items, net                               127
    Provision for doubtful accounts                          45
    Deferred reorganization costs                           (13)
    Other                                                   (12)
    Changes in operating assets and liabilities             132
                                                        -------
    Net cash provided by operations                          49
    Net cash used in reorganization items                  (391)
                                                        -------
    Net cash used in operating activities                  (342)
                                                        -------
Cash flows provided by (used in) investing activities:
    Purchases of property and equipment                    (141)
    Proceeds from sale of fixed assets                       10
    Proceeds from sale of marketable securities               2
    Change in restricted cash and cash equivalents          (15)
                                                        -------
    Net cash used in investing activities                  (144)
                                                        -------
Cash flows provided by (used in) financing activities:
    Capital infusion by controlling shareholder             250
    Proceeds from debt issued to controlling shareholder    200
    Repayment of capital leases                             (17)
    Other                                                    (3)
                                                        -------
    Net cash provided by financing activities               430
                                                        -------
Net decrease in cash and cash equivalents                   (56)
Cash and cash equivalents, beginning of period              423
                                                        -------
Cash and cash equivalents, end of period                   $367
                                                        =======


                 Global Crossing and Subsidiaries
               Consolidated Statements of Cash Flows
         For the Period December 10 to December 31, 2003
                          (in millions)

Cash flows used in operating activities:
Net loss                                                   ($11)
Adjustments to reconcile net loss to net cash
    provided by (used in) operations:
    Depreciation and amortization                             9
    Stock-related expenses                                    1
    Provision for doubtful accounts                           3
    Deferred reorganization costs                           (51)
    Other                                                    (1)
    Changes in operating assets and liabilities             (16)
                                                        -------
    Net cash provided by (used in) operations               (66)
    Net cash used in reorganization items                   (12)
                                                        -------
    Net cash used in operating activities                   (78)
                                                        -------
Cash flows provided by (used in) investing activities:
    Purchases of property and equipment                     (11)
    Proceeds from sale of fixed assets                        9
    Change in restricted cash and cash equivalents            5
                                                        -------
    Net cash provided by investing activities                 3
                                                        -------
Cash flows provided by (used in) financing activities:
    Repayment of capital leases                              (1)
    Other                                                    (1)
                                                         -------
    Net cash used in financing activities                    (2)
                                                        -------
Net decrease in cash and cash equivalents                   (77)
Cash and cash equivalents, beginning of period              367
                                                        -------
Cash and cash equivalents, end of period                   $290
                                                         =======


GLOBAL CROSSING: Files First Quarter 2004 Operating Report
----------------------------------------------------------

                 Global Crossing Ltd. & Subsidiaries
           Condensed Consolidated Unaudited Balance Sheet
                       as of March 31, 2004
                          (in millions)

ASSETS:
Current assets:
    Cash and cash equivalents                              $214
    Restricted cash and cash equivalents                     15
    Accounts receivable, net of allowances
       of $119 and $124, respectively                       366
    Other current assets and prepaid costs                  162
                                                        -------
Total current assets                                        757

Property and equipment, net                               1,186
Intangible assets, net                                       87
Other assets                                                 63
                                                        -------
Total assets                                             $2,093
                                                        =======

LIABILITIES:
Current liabilities:
    Accounts payable                                       $148
    Accrued cost of access                                  214
    Accrued restructuring costs - current portion            39
    Deferred revenue - current portion                       90
    Deferred reorganization costs - current portion         102
    Other current liabilities                               444
                                                        -------
Total current liabilities                                 1,037
                                                        -------
Debt with controlling shareholder                           200
Obligations under capital leases                            178
Deferred revenue                                            142
Deferred reorganization costs                                37
Other deferred liabilities                                  204
                                                        -------
Total liabilities                                         1,798
                                                        -------
Commitments and Contingencies
Shareholders' Equity:

Preferred stock with controlling shareholder,
45,000,000 shares authorized, par value $0.10
per share, 18,000,000 shares issued and
outstanding as of 03/31/2004                                  2

Additional paid-in capital                                  410
Accumulated other comprehensive income (loss)                 6
Accumulated deficit                                        (123)
                                                        -------
                                                            295
                                                        -------
Total liabilities and shareholders' equity               $2,093
                                                        =======


                 Global Crossing Ltd. & Subsidiaries
      Condensed Consolidated Unaudited Statements of Operations
                  Three Months Ended March 31, 2004
                           (in millions)


Revenues                                                    $690
Operating expenses:
    Cost of access and maintenance                           506
    Other operating expenses                                 236
    Depreciation and amortization                             44
                                                         -------
                                                             786
                                                         -------
Operating loss                                               (96)
Other income (Expense):
    Interest expense, net                                     (9)
    Other income (expense), net                                7
                                                         -------
Loss before reorganization items, net & income taxes         (98)
    Reorganization items, net                                  -
                                                         -------
Loss from continuing operations before
provision for income taxes                                   (98)
    Provision for income taxes                               (14)
                                                         -------
Net loss                                                   ($112)
                                                         =======


                 Global Crossing Ltd. & Subsidiaries
     Condensed Consolidated Unaudited Statements of Cash Flows
                Three Months Ended March 31, 2004
                        (in millions)

Cash flows provided by (used in) operating activities:
Net loss                                                   ($112)
Adjustments to reconcile net loss to net cash
used in continuing operations:
    Depreciation and amortization                             44
    Reorganization items, net                                  -
    Provision for doubtful accounts                            1
    Deferred reorganization costs                            (31)
    Stock-related expenses                                     5
    Non-cash income tax provision                             11
    Amortization of prior period IRUs                         (1)
    Other                                                     (3)
    Changes in operating assets and liabilities               35
                                                         -------
    Net cash used in operations                              (51)
    Net cash used in reorganization items                      -
                                                         -------
Net cash used in operating activities                        (51)
                                                         -------

Cash flows provided by (used in) investing activities:
Purchases of property and equipment                          (29)
Proceeds from sale of property and equipment                   -
Proceeds from sale of equity interest
    in holding companies                                       4
Proceeds from sale of marketable securities                    -
Change in restricted cash and cash equivalents                 -
                                                         -------
Net cash used in investing activities                        (25)
                                                         -------

Cash flows provided by (used in) financing activities:
Repayment of capital lease obligations                        (4)
                                                         -------
Net cash used in financing activities                         (4)
                                                         -------

Effect of exchange rate changes
    on cash & cash equivalents                                 4

Net decrease in cash and cash equivalents                    (76)
Cash and cash equivalents, beginning of period               290
                                                         -------
Cash and cash equivalents, end of period                    $214
                                                         =======


GLOBAL CROSSING: Files Second Quarter 2004 Operating Report
-----------------------------------------------------------

                 Global Crossing Ltd. & Subsidiaries
           Condensed Consolidated Unaudited Balance Sheet
                         as of June 30, 2004
                            (in millions)

ASSETS:
Current assets:
    Cash and cash equivalents                               $139
    Restricted cash and cash equivalents                      14
    Accounts receivable, net of allowances
       of $111 and $134, respectively                        332
    Other current assets and prepaid costs                   139
                                                         -------
Total current assets                                         624

Property and equipment, net                                1,172
Intangible assets, net                                        71
Other assets                                                  77
                                                         -------
Total assets                                              $1,944
                                                         =======

LIABILITIES:
Current liabilities not subject to compromise:
    Short-term borrowings with controlling shareholder       $40
    Accounts payable                                         120
    Accrued cost of access                                   214
    Accrued restructuring costs                               43
    Deferred revenue - current portion                        90
    Deferred reorganization costs - current portion           81
    Other current liabilities                                433
                                                         -------
Total current liabilities                                  1,021
                                                         -------
Debt with controlling shareholder                            200
Obligations under capital leases                             171
Deferred revenue                                             137
Deferred reorganization costs                                 31
Other deferred liabilities                                   194
                                                         -------
Total liabilities                                          1,754
                                                         -------
Commitments and Contingencies
Shareholders' Equity:

Preferred stock with controlling shareholder,
45,000,000 shares authorized, par value $0.10
per share, 18,000,000 shares issued and
outstanding as of 06/30/2004 and 12/31/2003                    2

Common stock, 55,000,000 shares authorized,
par value $0.01 per share, 22,000,000
(6,600,000 with the controlling shareholder)
shares issued and outstanding as of 06/30/2004
and 12/31/2003                                                 -

Additional paid-in capital                                   417
Accumulated other comprehensive income (loss)                  5
Accumulated deficit                                         (234)
                                                         -------
                                                             190
                                                         -------
Total liabilities and shareholders' equity                $1,944
                                                         =======


                 Global Crossing Ltd. & Subsidiaries
      Condensed Consolidated Unaudited Statements of Operations
                  Three Months Ended June 30, 2004
                            (in millions)

Revenues                                                    $648
Operating expenses:
    Cost of access and maintenance                           474
    Other operating expenses                                 225
    Depreciation and amortization                             41
                                                         -------
                                                             740
                                                         -------
Operating loss                                               (92)
Other income (expense):
    Interest expense, net                                    (11)
    Other income, net                                          5
                                                         -------
Loss before reorganization items, net & income taxes         (98)
    Reorganization items, net                                  -
                                                         -------
Loss from continuing operations before
provision for income taxes                                   (98)
    provision for income taxes                               (13)
                                                         -------
Net loss                                                   ($111)
                                                         =======


                 Global Crossing Ltd. & Subsidiaries
      Condensed Consolidated Unaudited Statements of Cash Flows
                   Six Months Ended June 30, 2004
                            (in millions)

Cash flows provided by (used in) operating activities:
Net loss                                                   ($223)
Adjustments to reconcile net loss to net cash
used in continuing operations:
    Depreciation and amortization                             85
    Amortization of prior period IRUs                         (2)
    Stock related expenses                                    13
    Non cash income tax provision                             21
    Reorganization items, net                                  -
    Deferred reorganization costs                            (58)
    Provision for doubtful accounts                            7
    Non cash other income                                      -
    Other                                                     (3)
    Changes in operating assets and liabilities               20
                                                         -------
    Net cash used in operations                             (140)
    Net cash used in reorganization items                      -
                                                         -------
Net cash used in operating activities                       (140)
                                                         -------

Cash flows provided by (used in) investing activities:
Purchases of property and equipment                          (53)
Proceeds from sale of property and equipment                   1
Change in restricted cash and cash equivalents               (10)
Proceeds from sale of marketable securities                   12
Proceeds from sale of equity interest
    in holding companies                                       4
                                                         -------
Net cash used in investing activities                        (46)
                                                         -------

Cash flows provided by (used in) financing activities:
Proceeds from short-term borrowings with
    controlling shareholder                                   40
Repayment of capital lease obligations                       (8)
                                                         -------
Net cash provided by (used in) financing activities           32
                                                         -------

Effect of exchange rate changes
    on cash & cash equivalents                                 3

Net decrease in cash and cash equivalents                   (151)
Cash and cash equivalents, beginning of period               290
                                                         -------
Cash and cash equivalents, end of period                    $139
                                                         =======


KAISER ALUMINUM: Reports $4.7 Million Net Loss for August 2004
--------------------------------------------------------------

           Kaiser Aluminum Corporation -- All Debtors
                    Unaudited Balance Sheets
                     As of August 31, 2004
                         (In Thousands)

                             ASSETS

Cash                                                    $42,672

Receivables:
   Trade                                                128,681
   Other                                                  6,512
                                                      ---------
Total Receivables                                       135,193

Inventories                                             156,061
Prepaid expenses and other current assets                23,823
                                                      ---------
Total current assets                                    357,749

Investments in and advances to subsidiaries             174,803
Intercompany receivables/payables, net                 (104,971)
Property, plant, and equipment - net                    225,934
Deferred income taxes                                         -
Other assets                                            819,961
                                                      ---------
Total Assets                                         $1,473,476
                                                      =========

               LIABILITIES & STOCKHOLDERS' EQUITY

Liabilities not subject to compromise:
   Accounts Payable                                     $78,197
   Accrued interest                                         921
   Accrued salaries, wages and related expenses          34,192
   Accrued post retirement benefit -- current             2,083
   Other accrued liabilities                             89,505
   Payable to affiliates                                 54,122
   Long term debt - current portion                       1,237
                                                      ---------
Total current liabilities                               260,257

Long-term liabilities                                    44,227
Accrued postretirement benefit obligation                     -
Long-term debt                                            2,212
Liabilities subject to compromise                     2,847,454
Minority interests                                          655

Stockholders' equity:
   Preference stock                                           -
   Common stock                                             792
   Additional capital                                   539,088

Accumulated deficit - As of filing date                (946,923)
Accumulated deficit - Post filing date               (1,190,526)
Accumulated other comprehensive income (loss)           (83,760)
Note receivable from parent                                   -
                                                      ---------
Total Liabilities & Stockholders' Equity             $1,473,476
                                                      =========


           Kaiser Aluminum Corporation -- All Debtors
                    Statements of Operations
              For the Month Ending August 31, 2004
                         (In Thousands)

Net Sales                                              $120,313

Costs and expenses:
   Cost of products sold                                107,640
   Depreciation & amortization                            1,866
   Selling, administrative, R&D and general               8,986
   Other operating charges (benefits), net                  806
                                                      ---------
Total costs and expenses                                119,298
                                                      ---------
Operating income (loss)                                   1,015

Other income (expense):
   Interest expenses, net                                  (866)
   Reorganization items                                  (2,922)
   Other-net                                              1,905
                                                      ---------
Income (loss) before
   income taxes and minority interest                      (868)

(Provision) benefit for income taxes                     (2,790)
Minority interests                                            -
Equity in income (loss) of subsidiaries                  (1,018)
                                                      ---------
Net income (loss)                                       ($4,676)
                                                      =========


           Kaiser Aluminum Corporation -- All Debtors
    Schedule of Consolidated Cash Receipts and Disbursements
              For the Month Ending August 31, 2004
                         (In Thousands)

Receipts:
   Trade Receivables
      KACC Receivables                                  $91,666
      KAII Receivables                                   36,728
                                                      ---------
   Total Trade Receivables                              128,394

   Reimbursement from Alpart sales
      for CARIFA funding                                    849
   Proceeds from Asset Sales                              1,904
                                                      ---------
Total Receipts                                          131,147

Disbursements:
   Inventory/Raw Materials                               39,628
   Capital Expenditures                                     836
   Maintenance, Materials, etc.                           5,817
   Freight                                                4,679
   Utilities/Energy                                      12,414
   Hourly Payroll                                         7,309
   Salaried Payroll                                       6,314
   Hedging Activities                                       315
   VEBA Advances                                          1,900
   Medical - Current and Former Employees                 4,389
   Annual Insurance Premiums                                176
   Workmen's Compensation                                   845
   Corporate General and Administrative                   2,613
   JV Fundings - Alumina                                 20,526
   JV Fundings - Primary, Net of Minority Interest       10,248
   Other Disbursements                                   13,146
                                                      ---------
Total Operating and G&A Disbursements                   131,155

Reorganization Items                                      1,969
                                                      ---------
Total Disbursements                                     133,124
                                                      ---------
Net Cash Flow                                            (1,977)

Beginning Bank Cash Balances                             45,256
                                                      ---------
Ending Bank Cash Balances                                43,279

Reconciling Items                                          (607)
                                                      ---------
Ending Book Cash Balances                               $42,672
                                                      =========

Headquartered in Houston, Texas, Kaiser Aluminum Corporation --
http://www.kaiseral.com/-- operates in all principal aspects of  
the aluminum industry, including mining bauxite; refining bauxite
into alumina; production of primary aluminum from alumina; and
manufacturing fabricated and semi-fabricated aluminum products.
The Company filed for chapter 11 protection on February 12, 2002
(Bankr. Del. Case No. 02-10429). Corinne Ball, Esq., at Jones
Day, represent the Debtors in their restructuring efforts. On
June 30, 2004, the Debtors listed $1.619 billion in assets and
$3.396 billion in debts. (Kaiser Bankruptcy News, Issue No. 51;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


KEYSTONE CONSOLDIATED: Posts $591,269 Net Loss in September 2004
----------------------------------------------------------------
For the month ending Sept. 30, 2004, Keystone Consolidated
Industries reports a $591,269 net loss in $27,551,160 of net
sales.  At Sept. 30, 2004, Keystone Consolidated's balance sheet
shows:

         Current Assets          $ 83,161,055
         Total Assets             314,949,064
         Current Liabilities      158,728,454
         Stockholders' Deficit   $ 18,731,957

A full-text copy of Keystone Consolidated Industries' September
2004 Monthly Operating Report is available at no charge at:

   http://www.sec.gov/Archives/edgar/data/55604/000005560404000037/exhibit991sep.txt


Headquartered in Dallas, Texas, Keystone Consolidated Industries,
Inc., makes carbon steel rod, fabricated wire products, including
fencing, barbed wire, welded wire and woven wire mesh for the
agricultural, construction and do-it-yourself markets. The Company
filed for chapter 11 protection on Feb. 26, 2004 (Bankr. E.D.
Wisc. Case No. 04-22422). Daryl L. Diesing, Esq., at Whyte
Hirschboeck Dudek S.C., and David L. Eaton, Esq., at Kirkland &
Ellis LLP represent the Debtors in their restructuring efforts.
When the Company filed for protection from their creditors, they
listed $196,953,000 in total assets and $365,312,000 in total
debts.


MED DIVERSIFIED: Aug. 31 Balance Sheet Upside Down by $43 Million
-----------------------------------------------------------------
Med Diversified, Inc., and its subsidiaries, Chartwell Diversified
Services, Inc., Chartwell Community Services, Inc., Chartwell Care
Givers, Inc., Resource Pharmacy, Inc., Trestle Corporation, and
Tender Loving Care Health Care Services, Inc., recently filed with
the United States Bankruptcy Court for the Eastern District of New
York their August 2004 Monthly Operating Reports. Med Diversified
Inc.'s balance sheet shows:

                                    August 31, 2004
                                    ---------------
         Total Assets                  $ 90,395,882
         Post-petition Liabilities        4,857,930         
         Pre-petition Liabilities       128,849,944
         Total Liabilities              133,707,874
         Stockholders' Deficit         $ 43,311,992

Full-text copies of Med Diversified, et al.'s August 2004 Monthly
Operating Reports are available at no charge at:

    http://www.sec.gov/Archives/edgar/data/800181/000110465904030193/0001104659-04-030193-index.htm


Headquartered in Handover, Massachusetts, Med Diversified, Inc., -
- http://www.meddiversified.com/-- operates companies in various  
segments within health care industry, including pharmacy, home
infusion, multi- media, management, clinical respiratory services,
home medical equipment, home health services and other functions.
The Debtors filed for bankruptcy protection on November 27, 2002
(Bankr. E.D.N.Y. Case No. 02-88564). Toni Marie McPhillips, Esq.,
at Duane Morris LLP, represent Med Diversified.  The Court
confirmed Second Amended Plan of Liquidation of Med Diversified,
Inc., by order dated September 10, 2004. The Plan will become
effective on September 17, 2004.


PG&E NATIONAL: ET Power's July 2004 Monthly Operating Report
------------------------------------------------------------

                 NEGT Energy Trading-Power L.P.
                    Unaudited Balance Sheet
                      As of July 31, 2004

                             ASSETS

Current Assets
   Cash                                             $27,108,176
   Accounts Receivable                              191,506,417
   Valuation from Unrealized Commodity Contracts   Undetermined
   Receivables from Officers/Employees/Affiliates  Undetermined
   Notes Receivable Stocks                                    0
   Inventory                                                  0
   Other Current Assets
      Deposits                                       71,100,770
      Prepaids                                        1,015,000
      Other Current Assets                                    0
                                                 --------------
Total Current Assets                               Undetermined

Fixed Assets
   Land                                                       -
   Building                                                   -
   Equipment, Furniture & Fixtures                    2,847,776
   Less Accumulated Depreciation                     (2,539,166)
   Other Fixed Assets                                         -
                                                 --------------
Total Fixed Assets                                      308,610

Other Assets                                                  -
                                                 --------------
Total Other Assets                                           $0
                                                 --------------
TOTAL ASSETS                                       Undetermined
                                                 ==============

                     LIABILITIES AND EQUITY

Postpetition Liabilities
   Accounts Payable                                          $0
   Accrued Quarterly Fees                                   250
   Notes Payable                                              0
   Rent and Leases Payable                                    0
   Taxes Payable                                              0
   Accrued Interest                                           0
   Other                                                      -
                                                 --------------
Total Postpetition Liabilities                             $250

Prepetition Liabilities
   Priority Claims                                 Undetermined
   Secured Debts                                   Undetermined
   Unsecured Debts                                 Undetermined
                                                 --------------
Total Prepetition Liabilities                      Undetermined

Owner's Equity (Deficit)
   Capital Stock/ Owner's Investments              Undetermined
   Paid-In Capital Surplus                         Undetermined
   Retained Earnings (deficit)
      Prepetition                                  Undetermined
      Postpetition                                 Undetermined
                                                 --------------
Total Owner's Equity                               Undetermined
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY         Undetermined
                                                 ==============


                 NEGT Energy Trading-Power L.P.
                   Unaudited Income Statement
             For the Period July 1 to July 31, 2004

Total Sales/Income                                  ($3,306,801)

COST OF SALES:
   Purchases of Inventory                                     0
   Purchased Services                                         0
   Other: (Identify)                                          0
      Cost of Commodities                               (53,126)
                                                 --------------
Total Cost of Sales                                     (53,126)
                                                 --------------
Gross Profit                                         (3,253,676)

OPERATING EXPENSES:
   Bank Fee Charges                                         133
   Bad Debt Expense                                           0
   Communications                                             0
   Entertainment                                              0
   Fixed Assets Depreciation                             61,722
   Indirect Allocations                                 339,125
   Legal Fees                                                 0
   Realized(Gain)/Loss on Foreign Exchange               (1,245)
   Unrealized(Gain)/Loss on Foreign Exchange                969
   Other                                                    400
   Training                                                   0
   Travel                                                     0
                                                 --------------
Total Operating Expenses                                401,104
                                                 --------------
Profit/Loss from Operation                           (3,654,779)

Other Income (Expenses):
   Interest Income                                      337,931
   Interest Expense                                           0
   Other Income(Expenses)                                     0
                                                 --------------
Total Other Income (Expenses)                           337,931
                                                 --------------
Income Before Taxes                                 ($3,316,849)

Income Taxes Expense (Benefit)                     Undetermined
                                                 --------------
Net Income                                         Undetermined
                                                 ==============


                 NEGT Energy Trading-Power L.P.
                   Cash Reconciliation Report
             For the Period July 1 to July 31, 2004

Cash balance from prior balance sheet               $27,090,489
Pre-tax Net income for month                         (3,316,849)

Expense Not Requiring Cash:
   Depreciation                                          61,722
   (Gain) Loss on sale of fixed assets                        0
   Unrealized (Gain) loss on foreign exchange               969
   Relief of Allowance for Doubtful Accounts                  0
                                                 --------------
Total Expenses Not Requiring Cash                        62,691
                                                 --------------
Total Cash from Operations                           23,836,330

Other sources/uses of cash:
   Decrease (Incr):
      Accounts Receivable Non-Affiliate                (124,524)
      Accounts Receivable Affiliate                   5,590,884
      Inventory                                               0
      Equipment                                               0
      Furniture & Fixtures                                    0
      Prepaids                                                0
      Deposits                                                0
      Other Current Assets                                    0
   Increase (Decr):
      Accounts Payable Non-Affiliates                    69,902
      Accounts Payable Affiliates                    (2,264,417)
      Current Deferred Liabilities                            0
      Accrued Liabilities                                     0
      Accrued Interest                                        0
      Accrued P/R Taxes                                       0
      Accrued Professional Fees                               0
      Accrued Salaries                                        0
      Accrued Sales Tax                                       0
      Note Payable Taxes                                      0
                                                 --------------
Total Other Sources & Uses of Cash                    3,271,846

Total Cash from Investing - Sale of Fixed Assets              0
                                                 --------------
Ending Cash Balance                                 $27,108,176
                                                 ==============

Headquartered in Bethesda, Maryland, PG&E National Energy Group,
Inc. -- http://www.pge.com/-- develops, builds, owns and operates  
electric generating and natural gas pipeline facilities and
provides energy trading, marketing and risk-management services.
The Company filed for Chapter 11 protection on July 8, 2003
(Bankr. D. Md. Case No. 03-30459). Matthew A. Feldman, Esq.,
Shelley C. Chapman, Esq., and Carollynn H.G. Callari, Esq., at
Willkie Farr & Gallagher represent the Debtors in their
restructuring efforts. When the Company filed for protection from
its creditors, it listed $7,613,000,000 in assets and
$9,062,000,000 in debts. (PG&E National Bankruptcy News, Issue No.
29; Bankruptcy Creditors' Service, Inc., 215/945-7000)


PG&E NATIONAL: USGen's July 2004 Monthly Operating Report
---------------------------------------------------------

                    USGen New England, Inc.
                    Unaudited Balance Sheet
                      As of July 31, 2004

                             ASSETS

Cash and Cash Equivalents                          $210,957,312
Accounts Receivable                                 136,978,906
Support Payment Receivable - Current               Undetermined
Fuel, Inventory and Supplies                         50,464,168
Prepaid Expenses                                     22,877,849
Risk Management Asset - Current                               -
                                                 --------------
Total Current Assets                               Undetermined

Property, Plant and Equipment - net               1,456,297,636
Construction Work in Progress                        39,794,794
Intangible Asset                                     $5,283,078
Support Payment Receivable - Non-current           Undetermined
Risk Management Asset - Non-current                           -
                                                 --------------
Total Postpetition Assets                          Undetermined

Prepetition IC Accounts Receivable                 Undetermined
Prepetition Accounts Receivable                    Undetermined
Prepetition Prepaid Expenses                       Undetermined
                                                 --------------
Total Prepetition Assets                           Undetermined
                                                 --------------
TOTAL ASSETS                                       Undetermined
                                                 ==============

                     LIABILITIES AND EQUITY

Accounts Payable                                    $20,383,543
Accrued Liabilities                                  94,912,159
Risk Management Liability - Current                           -
                                                 --------------
Total Current Liabilities                           115,295,702

Deferred Income Taxes                                75,982,772
Risk Management Liability - Non-current                       -
Other Liabilities                                     9,578,849
                                                 --------------
Total Postpetition Liabilities                      200,857,323

Prepetition Accounts Payable                       Undetermined
Prepetition IC Accounts Payable                    Undetermined
Prepetition Market Accounts Payable                Undetermined
Current Debt                                         84,770,293
Out of Market Liabilities - Current                  28,418,493
Out of Market Liabilities - Non-current             213,514,099
                                                 --------------
Total Prepetition Liabilities                      Undetermined
                                                 --------------
Total Liabilities                                  Undetermined

Shareholder's Equity
   Common Stock, Additional Paid-In Capital       1,347,736,929
   Other Comprehensive Income                        (4,832,896)
   Retained Earnings                               (264,306,572)
                                                 --------------
Total Shareholder's Equity                       $1,072,597,461
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY         Undetermined
                                                 ==============


                    USGen New England, Inc.
                   Unaudited Income Statement
             For the Period July 1 to July 31, 2004

REVENUE:
   Contract Revenue                                 $53,997,093
   Market Energy                                     13,041,518
   Ancillary Products                                   597,318
   Market Capacity                                      252,500
   Power Hedges                                               -
   Other Revenue                                     (3,310,965)
                                                 --------------
Total Revenue                                        64,577,465

FUEL COSTS:
   Contract Expense                                   8,269,805
   Fuel Expense                                      25,309,788
   Fuel Hedges                                         (320,369)
                                                 --------------
Total Fuel Costs                                     33,259,224
                                                 --------------
Gross Profit                                         31,318,240

OPERATING EXPENSES:
   Direct Labor                                       4,680,439
   Direct Materials                                   1,079,249
   Direct Subcontractor Services                      2,328,411
   Other Operating                                    2,139,902
   Bonus Accrual, Union and non-union                   405,808
   Ash Disposal                                       1,103,368
                                                 --------------
Total Station Operating Expenses                     11,737,178

Corporate Expense:
   Corporate Labor                                      543,555
   Bonus                                                111,891
   Travel and Entertainment                              17,551
   Insurance                                            489,384
   Professional Services                              3,563,242
   Other General Administrative                         401,595
                                                 --------------
Total Corporate Expenses                              5,127,217

General Expenses:
   Property Taxes                                     3,266,040
   Interconnect Cost                                    110,677
   Depreciation                                       5,589,553
                                                 --------------
Total General Expenses                                8,966,271
                                                 --------------
Total Operating Expenses                             25,830,665
                                                 --------------
Total Operating Income                                5,487,575

Other Income (Expenses):
   Lease Expense                                       (400,000)
   Interest Income - NEES Receivable                  1,844,315
   Income - Other                                       217,039
   Expense - Other                                            -
   Gain                                                       -
   Bank and LC Fees                                     (56,725)
                                                 --------------
Total Other Income (Expenses)                         1,604,629
                                                 --------------
Income Before Tax                                     7,092,204
Income Taxes                                          2,975,063
                                                 --------------
Net Income                                           $4,117,141
                                                 ==============


                    USGen New England, Inc.
                 Unaudited Cash Flow Statement
             For the Period July 1 to July 31, 2004

CASH FLOWS FROM OPERATING ACTIVITIES:
   Net Income                                        $4,117,141
Adjustments to reconcile net income to net
   cash provided by operating activities:
   Depreciation                                       5,589,553
   Amortization                                         548,167
   Loss on disposal of fixed assets                           -

Change in assets and liabilities:
   Accounts receivable (Increase)                   (10,913,562)
   Inventory (Increase)                               3,623,065
   Prepaid, Deposits & Other (Increase)               4,975,912
   Deferred Income Taxes (Decrease)                  (1,531,415)
   Accounts Payable (Decrease)                       (3,493,864)
   Accrued Liabilities (Decrease)                     1,374,275
   Liabilities - Other (Decrease)                    (1,960,608)
   Prepetition Assets (Increase)                              -
   Prepetition Liabilities (Decrease)                         -
   Equity - Other (Increase)                          1,523,703
                                                 --------------
Net cash (used in) provided by
   operating activities                               3,852,366

CASH FLOWS FROM INVESTING ACTIVITIES:
   Property, plant and equipment                     (3,945,276)
   Change in Investment in Subsidiary                       (82)
   Support payments received - principle              5,759,035
                                                 --------------
Net cash (used in) provided by investing
   activities                                         1,813,677

CASH FLOWS FROM FINANCING ACTIVITIES:
   Increase in Debt                                           -
   Capital Contributions                                      -
                                                 --------------
Net cash provided by (used in) financing
   activities                                                 -
                                                 --------------
NET INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                               5,666,043

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD      205,291,269
                                                 --------------
CASH AND CASH EQUIVALENTS, END OF PERIOD           $210,957,312
                                                 ==============

Headquartered in Bethesda, Maryland, PG&E National Energy Group,
Inc. -- http://www.pge.com/-- develops, builds, owns and operates  
electric generating and natural gas pipeline facilities and
provides energy trading, marketing and risk-management services.
The Company filed for Chapter 11 protection on July 8, 2003
(Bankr. D. Md. Case No. 03-30459). Matthew A. Feldman, Esq.,
Shelley C. Chapman, Esq., and Carollynn H.G. Callari, Esq., at
Willkie Farr & Gallagher represent the Debtors in their
restructuring efforts. When the Company filed for protection from
its creditors, it listed $7,613,000,000 in assets and
$9,062,000,000 in debts. (PG&E National Bankruptcy News, Issue No.
29; Bankruptcy Creditors' Service, Inc., 215/945-7000)


PG&E NATIONAL: USGen's August 2004 Monthly Operating Report
-----------------------------------------------------------

                    USGen New England, Inc.
                    Unaudited Balance Sheet
                     As of August 31, 2004

                             ASSETS

Cash and Cash Equivalents                          $232,421,608
Accounts Receivable                                 141,803,947
Support Payment Receivable - Current               Undetermined
Fuel, Inventory and Supplies                         42,781,749
Prepaid Expenses                                     23,707,943
                                                 --------------
Total Current Assets                               Undetermined

Property, Plant and Equipment - net               1,450,893,852
Construction Work in Progress                        43,572,773
Intangible Asset                                     $4,735,001
Support Payment Receivable - Non-current           Undetermined
                                                 --------------
Total Postpetition Assets                          Undetermined

Prepetition IC Accounts Receivable                 Undetermined
Prepetition Accounts Receivable                    Undetermined
Prepetition Prepaid Expenses                       Undetermined
                                                 --------------
Total Prepetition Assets                           Undetermined
                                                 --------------
TOTAL ASSETS                                       Undetermined
                                                 ==============

                     LIABILITIES AND EQUITY

Accounts Payable                                    $25,381,271
Accrued Liabilities                                  99,801,337
Risk Management Liability - Current                           -
                                                 --------------
Total Current Liabilities                           125,182,608

Deferred Income Taxes                                74,427,616
Risk Management Liability - Non-current                       -
Other Liabilities                                     8,767,933
                                                 --------------
Total Postpetition Liabilities                      208,378,157

Prepetition Accounts Payable                       Undetermined
Prepetition IC Accounts Payable                    Undetermined
Prepetition Market Accounts Payable                Undetermined
Current Debt                                         84,770,293
Out of Market Liabilities - Current                  27,888,665
Out of Market Liabilities - Non-current             211,256,932
                                                 --------------
Total Prepetition Liabilities                      Undetermined
                                                 --------------
Total Liabilities                                  Undetermined

Shareholder's Equity
   Common Stock, Additional Paid-In Capital       1,347,736,929
   Other Comprehensive Income                        (3,565,791)
   Retained Earnings                               (259,622,930)
                                                 --------------
Total Shareholder's Equity                       $1,084,548,208
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY         Undetermined
                                                 ==============


                    USGen New England, Inc.
                   Unaudited Income Statement
           For the Period August 1 to August 31, 2004

REVENUE:
   Contract Revenue                                 $53,211,928
   Market Energy                                     10,668,372
   Ancillary Products                                 1,580,724
   Market Capacity                                      477,500
   Power Hedges                                               -
   Other Revenue                                     (1,736,267)
                                                 --------------
Total Revenue                                        64,202,257

FUEL COSTS:
   Contract Expense                                   8,709,958
   Fuel Expense                                      24,669,944
   Fuel Hedges                                         (314,133)
                                                 --------------
Total Fuel Costs                                     33,065,769
                                                 --------------
Gross Profit                                         31,136,488

OPERATING EXPENSES:
   Direct Labor                                       4,362,562
   Direct Materials                                   1,510,094
   Direct Subcontractor Services                      1,389,254
   Other Operating                                    1,521,813
   Bonus Accrual, Union and non-union                   419,661
   Ash Disposal                                         988,806
                                                 --------------
Total Station Operating Expenses                     10,192,189

Corporate Expense:
   Corporate Labor                                      556,389
   Bonus                                                881,891
   Travel and Entertainment                              20,802
   Insurance                                            553,210
   Professional Services                              3,449,548
   Other General Administrative                         206,112
                                                 --------------
Total Corporate Expenses                              5,667,953

General Expenses:
   Property Taxes                                     3,266,040
   Interconnect Cost                                    111,279
   Depreciation                                       5,584,283
                                                 --------------
Total General Expenses                                8,961,601
                                                 --------------
Total Operating Expenses                             24,821,744
                                                 --------------
Total Operating Income                                6,314,744

Other Income (Expenses):
   Lease Expense                                       (400,000)
   Interest Income - NEES Receivable                  1,807,136
   Income - Other                                       280,839
   Expense - Other                                            -
   Gain                                                       -
   Bank and LC Fees                                     (56,725)
                                                 --------------
Total Other Income (Expenses)                         1,631,250
                                                 --------------
Income Before Tax                                     7,945,994
Income Taxes                                          3,262,352
                                                 --------------
Net Income                                           $4,683,642
                                                 ==============


                    USGen New England, Inc.
                 Unaudited Cash Flow Statement
           For the Period August 1 to August 31, 2004

CASH FLOWS FROM OPERATING ACTIVITIES:
   Net Income                                        $4,683,642
Adjustments to reconcile net income to net
   cash provided by operating activities:
   Depreciation                                       5,584,283
   Amortization                                         548,167
   Loss on disposal of fixed assets                           -

Change in assets and liabilities:
   Accounts receivable (Increase)                    (4,392,219)
   Inventory (Increase)                               7,682,419
   Prepaid, Deposits & Other (Increase)                (830,094)
   Deferred Income Taxes (Decrease)                  (1,555,156)
   Accounts Payable (Decrease)                        4,997,728
   Accrued Liabilities (Decrease)                     4,889,178
   Liabilities - Other (Decrease)                    (3,597,911)
   Prepetition Assets (Increase)                      2,877,307
   Prepetition Liabilities (Decrease)                (2,527,799)
   Equity - Other (Increase)                          1,267,105
                                                 --------------
Net cash (used in) provided by
   operating activities                              19,626,650

CASH FLOWS FROM INVESTING ACTIVITIES:
   Property, plant and equipment                     (3,958,478)
   Change in Investment in Subsidiary                       (89)
   Support payments received - principle              5,796,214
                                                 --------------
Net cash (used in) provided by investing
   activities                                         1,837,647

CASH FLOWS FROM FINANCING ACTIVITIES:
   Increase in Debt                                           -
   Capital Contributions                                      -
                                                 --------------
Net cash provided by (used in) financing
   activities                                                 -
                                                 --------------
NET INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                              21,464,297

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD      210,957,312
                                                 --------------
CASH AND CASH EQUIVALENTS, END OF PERIOD           $232,421,609
                                                 ==============

Headquartered in Bethesda, Maryland, PG&E National Energy Group,
Inc. -- http://www.pge.com/-- develops, builds, owns and operates  
electric generating and natural gas pipeline facilities and
provides energy trading, marketing and risk-management services.
The Company filed for Chapter 11 protection on July 8, 2003
(Bankr. D. Md. Case No. 03-30459). Matthew A. Feldman, Esq.,
Shelley C. Chapman, Esq., and Carollynn H.G. Callari, Esq., at
Willkie Farr & Gallagher represent the Debtors in their
restructuring efforts. When the Company filed for protection from
its creditors, it listed $7,613,000,000 in assets and
$9,062,000,000 in debts. (PG&E National Bankruptcy News, Issue No.
29; Bankruptcy Creditors' Service, Inc., 215/945-7000)


SONICBLUE INC: Releases August 2004 Monthly Operating Report
------------------------------------------------------------
At Aug. 31, 2004, SONICblue Incorporated reports that it is
sitting on $79,563,499 of cash, has accrued $444,427 in
postpetition liabilities and faces a $236,904,166 mountain of
prepetition debts.

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

   http://www.sec.gov/Archives/edgar/data/850519/000095013404014878/f02323exv99w1.txt


Headquartered in Santa Clara, California, SONICblue Incorporated
is involved in the converging Internet, digital media,
entertainment and consumer electronics markets. The Company,
together with three of its wholly owned subsidiaries, Diamond
Multimedia Systems, Inc., ReplayTV, Inc., and Sensory Science
Corporation, filed voluntary petitions for bankruptcy under
Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the Northern District of California,
San Jose Division (Case No. 03-51775).


TOUCH AMERICA: Files August 2004 Monthly Operating Report
---------------------------------------------------------
On June 19, 2003, Touch America Holdings, Inc., and subsidiaries
Touch America, Inc., Touch America Intangible Holding Company,
LLC, Touch America Purchasing Company, LLC, Entech, LLC, American
Fiber Touch, LLC, and Sierra Touch America, LLC, filed for Chapter
11 bankruptcy protection in the United States Bankruptcy Court for
the District of Delaware. These cases are jointly administered
under Touch America Holdings, Inc., case number 03-11915.

Touch America Holdings, Inc.'s balance sheet shows:

                                    August 31, 2004
                                    ---------------
         Current Assets             $687,150,467.97
         Total Assets                612,376,884.51
         Postpetition Debts           36,649,673.36
         Pre-petition Debts          252,752,914.51
         Total Liabilities           289,402,587.87
         Net Owner's Equity         $322,974,296.64


A full-text copy of the Debtors' August 2004 Monthly Operating
Report is available at no charge at:

   http://www.sec.gov/Archives/edgar/data/1144835/000110465904030255/a04-11092_1ex99df.htm


Headquartered in Butte, Montana, Touch America Holdings, Inc.,
through its principal operating subsidiary, Touch America, Inc.,
develops, owns, and operates data transport and Internet services
to commercial customers. The Company filed for chapter 11
protection on June 19, 2003 (Bankr. D. Del. Case No. 03-11915).
Maureen D. Luke, Esq. and Robert S. Brady, Esq. at Young Conaway
Stargatt & Taylor, LLP represent the Debtor. When the Company
filed for bankruptcy protection, it listed $631,408,000 in total
assets and $554,200,000 in total debts.

On Dec. 23, 2003, Touch America sold substantially all of its
Internet services, private line, and dark fiber assets to
360networks, a Vancouver, Canada based corporation for
$28,000,000. On Dec. 23, 2003, Touch America also sold certain
dark fiber assets to Qwest Communications, Inc., for $8,000,000.
With the exception of certain wireless services, Touch America
ceased operations as of Feb. 29, 2004.

On July 12, 2004, Touch America filed its Joint Disclosure
Statement and Chapter 11 Liquidating Plan.  On Oct. 4, 2004, the
U.S. Bankruptcy Court, District of Delaware confirmed the Touch
America Holding, Inc. et. al. Amended Joint Liquidating Plan.

It is contemplated that funds will be available for distribution
to unsecured creditors.  At the confirmation hearing, the
financial advisors to Touch America estimated that the minimum
distribution to unsecured creditors of approximately 65%. The
actual distribution could however vary significantly.


USG CORP: Posts $29.4 Million Net Earnings in August 2004
---------------------------------------------------------

USG Corporation, et al.
Consolidated Balance Sheet                       31-August-2004
_____________________________                    ______________

Assets:
Cash and cash equivalents                          $437,075,000
Marketable Securities                                97,305,000
Restricted Cash                                      18,773,000
Receivables                                         421,382,000
Inventories                                         310,110,000
Income taxes receivable                              19,600,000
Deferred income taxes                                48,199,000
Other current assets                                 43,747,000
                                                  -------------
Total current assets                              1,396,191,000

Property, plant and equipment, net                1,571,861,000
Marketable Securities                               253,166,000
Deferred income taxes                               140,333,000
Goodwill                                             41,201,000
Other assets                                        351,502,000
                                                  -------------
Total Assets                                     $3,754,254,000
                                                  =============

Liabilities and Stockholders' Equity:
Accounts payable                                   $222,469,000
Accrued expenses                                    172,873,000
Taxes on income                                      56,621,000
                                                  -------------
Total current liabilities                           451,963,000

Other liabilities                                   417,157,000
Liabilities subject to compromise                 2,238,294,000

Stockholders' Equity:
Common stock                                          4,998,000
Treasury stock                                     (258,024,000)
Capital received in excess of par value             101,603,000
Accumulated other comprehensive income/(loss)         7,013,000
Retained earnings                                   791,250,000
                                                  -------------
Total stockholders' equity                          646,840,000
                                                  -------------
Total Liabilities and Stockholders' Equity       $3,754,254,000
                                                  =============


USG Corporation, et al.                            Month Ending
Consolidated Income Statement                    31-August-2004
_____________________________                    ______________

Net sales                                          $366,263,000

Cost of products sold                               294,275,000
Selling and administrative expenses                  23,608,000
Chapter 11 reorganization expenses                     (793,000)
Interest expense                                        272,000
Interest income                                        (138,000)
Other (income)/expense, net                            (186,000)
                                                  -------------
Earnings/(loss) before income taxes                  49,225,000

Income taxes (benefit)                               19,873,000
                                                  -------------
Net Earnings/(loss)                                 $29,352,000
                                                  =============

Headquartered in Chicago, Illinois, USG Corporation --
http://www.usg.com/-- through its subsidiaries, is a leading
manufacturer and distributor of building materials producing a
wide range of products for use in new residential, new
nonresidential and repair and remodel construction, as well as
products used in certain industrial processes. The Company filed
for chapter 11 protection on June 25, 2001 (Bankr. Del. Case No.
01-02094). David G. Heiman, Esq., and Paul E. Harner, Esq., at
Jones Day represent the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $3,252,000,000 in assets and $2,739,000,000 in debts. (USG
Bankruptcy News, Issue No. 73; Bankruptcy Creditors' Service,
Inc., 215/945-7000)

                          *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
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are not intended to reflect actual trades.  Prices for actual
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For copies of court documents filed in the District of Delaware,
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bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                          *********

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  
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,  
USA, and Beard Group, Inc., Frederick, Maryland USA. Yvonne L.  
Metzler, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Jazel P.
Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick
F. Casquejo and Peter A. Chapman, Editors.

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

This material is copyrighted and any commercial use, resale or
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