TCR_Public/041127.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, November 27, 2004, Vol. 8, No. 261

                          Headlines

ADELPHIA COMMS: Reports $51.7 Million Net Loss in October 2004
CATHOLIC CHURCH: Tucson's Operating Report Ended Sept. 30, 2004
COMMERCE ONE: Posts $193,853 Net Loss in October 2004
FASTNET CORP: Files July to Sept. 2004 Monthly Operating Reports
FEDERAL-MOGUL: Posts $1.7 Million Net Loss in October 2004

FGI GROUP: Files October 2004 Monthly Operating Report
FRESH CHOICE: Reports $669,971 Net Loss for Period Ended Oct. 31
HAUSER INC: Submits October 2004 Monthly Operating Report
KUSHNER-LOCKE: Releases September 2004 Monthly Operating Reports
NRG ENERGY: Earns $54.2 Million of Net Income in Third Quarter

PG&E NATIONAL: USGen's September 2004 Monthly Operating Report
PILLOWTEX CORP: Monthly Operating Report Ended Oct. 2, 2004
TRUMP HOTELS: Consolidated Balance Sheet at Sept. 30, 2004

                          *********

ADELPHIA COMMS: Reports $51.7 Million Net Loss in October 2004
--------------------------------------------------------------
On Nov. 24, 2004, Adelphia Communications Corporation and  
certain other debtor-in-possession subsidiaries of the Company  
filed their unaudited consolidated Monthly Operating Report for  
the month of October 2004 with the United States Bankruptcy Court
for the Southern District of New York.

The Debtors posted a $51,694,000 net loss on $331,152,000 of
revenues in October 2004.  At Oct. 31, 2004, the Debtors' balance
sheet showed:

         Total Assets                  $52,666,801,000  
         Total Liabilities   
            Subject to Compromise       46,051,025,000  
         Total Liabilities              50,160,118,000  
         Total stockholders' equity    $ 1,971,171,000  
            
Full-text copies of Adelphia's October 2004 Monthly Operating
Reports were delivered to the Securities and Exchange Commission
and are available at no charge at:  
  
   http://www.sec.gov/Archives/edgar/data/796486/000104746904035190/a2147294zex-99_1.htm      

  
Adelphia-affiliates Arahova Communications Inc., Frontiervision   
Capital Corp., Frontiervision Holdings Capital Corp.,   
Frontiervision Holdings Capital II Corp., Frontiervision Holdings   
LP, Frontiervision Operating Partners LP, Olympus Capital Corp.,   
and Olympus Communications LP, also delivered copies of
Adelphia's consolidated financial statements to the Securities and
Exchange Commission.  
  
Headquartered in Coudersport, Pennsylvania, Adelphia  
Communications Corporation (OTC: ADELQ) is the fifth-largest
cable television company in the country.  Adelphia serves
customers in 30 states and Puerto Rico, and offers analog and
digital video services, high-speed Internet access and other
advanced services over its broadband networks.  The Company  and
its more than 200 affiliates filed for Chapter 11 protection in
the Southern District of New York on June 25, 2002.  Those cases
are jointly administered under case number 02-41729. Willkie Farr
& Gallagher represents the ACOM Debtors.


CATHOLIC CHURCH: Tucson's Operating Report Ended Sept. 30, 2004
---------------------------------------------------------------

        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
           (Unaudited) Statement of Financial Condition
                     As of September 30, 2004

ASSETS                                    Total   Diocese-Owned
                                          -----   -------------
Cash on hand                             $1,500          $1,500
Cash in Banks                         1,709,558       1,709,558
Cash Equivalents                      6,132,478       3,589,939
Accounts receivable, net                439,124         439,124
Grants receivable                       411,000         411,000
Pledges receivable                        7,000           7,000
A/R held in trust for others            980,603               -
Prepaid expenses & other assets         277,878         277,878
Investments in businesses             2,394,672       2,394,672
Corp. & Gov't. bond investments         899,893         549,514
Investment in BPIC                       80,850          80,850
Notes receivable, net                 1,798,862         336,132
Assets securing 2002 settlement       3,000,000       3,000,000
Construction in progress                 48,867          48,867
Land, buildings, and equipment          539,249         539,249
Assets held for sale                     60,226          60,226
Land held for future parish sites       817,460         817,460
                                 --------------  --------------
                                    $19,599,220     $14,262,969
                                 ==============  ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Accounts payable - post               24,605          24,605
   Accounts payable - pre                29,869          29,869
   Accrued expenses - post               44,543          44,543
   Accrued expenses - pre               563,603         563,603
   Deferred revenue                      17,755          17,755
   Unsecured long-term debt - pre     2,061,455       2,061,455
   Unsecured parish deposits & debt   6,965,992       6,962,867
   Restricted parish deposits         3,692,048               -
   Secured long-term debt             2,548,035       2,548,035
   Custodial funds                    1,641,078               -
                                 --------------  --------------
                                     17,588,983      12,252,732
                                 --------------  --------------

Net Assets:
   Unrestricted/temporarily  
     restricted                         101,349         101,349
   Permanently restricted             1,908,888       1,908,888
                                 --------------  --------------
                                      2,010,237       2,010,237
                                 --------------  --------------
Total liabilities & net assets      $19,599,220     $14,262,969
                                 ==============  ==============


        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
        Statement of Operations and Charges in Net Assets
          September 20, 2004 through September 30, 2004

Revenues
   Contributions, grants and bequests                   $81,349
   Fees for services                                      4,084
   Rental Income                                            453
   Insurance                                                165
   Investment Income                                    (19,257)
   Miscellaneous                                            442
                                                 --------------
   Total Support & Revenue                               67,236

Expense
   Program Services                                         639
   Evangelization & Hispanic Ministry                     2,187
   Catechesis Office                                      3,898
   Formation Office                                       1,854
   Department of Catholic Schools                         6,297
   Clergy, religious & seminarian advancement             2,903
   Catholic social mission                                1,841

Supporting Services  
   Office of Bishop emeritus                              1,348
   Offices of the Bishop, et al.                          8,791
   Office of Women Religious                                  1
   General & Administrative                               1,943
   Fiscal & Employee Services                            16,335
   Office of Child, Adolescent and Adult Protection       2,322
   Communications & Community Relations                  11,970
   Property Management                                   10,781
   Insurance Administration                             (11,654)
   Reorganization                                         5,785

Impute interest on settlement                             5,168
Depreciation                                              1,358
                                                 --------------
   Total Expenses                                        73,767
                                                 --------------
Excess (deficiency) of revenues over expenses           ($6,531)
                                                 ==============


        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
            Current Month's Receipts and Disbursements
          September 20, 2004 through September 30, 2004

Cash and Bank Balance:
   Beginning of Month                                $1,640,460

Receipts
   Cash Sales                                            85,665
   Accounts Receivable -- Prepetition                    58,332
   Accounts Receivable -- Postpetition                      392
   Loans and Advances                                       128
   Sale of Assets                                             0
   Transfers in from other accounts                      19,622
   Other -- Custodial Funds                              73,021
   Voided Checks                                         10,990
                                                 --------------
   Total Receipts                                       248,150

Disbursements:
   Business -- Ordinary Operations                        7,247
   Capital Improvements                                       0
   Prepetition Debt                                           0
   Transfers to other DIP Accounts                       19,622
   Other -- Custodial Funds                             152,101
   Other -- Check Order                                      81
                                                 --------------
   Total Disbursements                                  179,052
                                                 --------------
Cash Bank Balance -- End of Month                    $1,709,558
                                                 ==============

The Roman Catholic Church of the Diocese of Tucson filed for
chapter 11 protection (Bankr. D. Ariz. Case No. 04-04721) on
September 20, 2004, and delivered a plan of reorganization to the
Court on the same day. Susan G. Boswell, Esq., Kasey C. Nye,
Esq., at Quarles & Brady Streich Lang LLP, represent the Tucson
Diocese. The Archdiocese of Portland in Oregon filed for
chapter 11 protection (Bankr. Ore. Case No. 04-37154) on July 6,
2004. Thomas W. Stilley, Esq. and William N. Stiles, Esq. of
Sussman Shank LLP represent the Portland Archdiocese in its
restructuring efforts. Portland's Schedules of Assets and
Liabilities filed with the Court on July 30, 2004, the Portland
Archdiocese reports $19,251,558 in assets and $373,015,566 in
liabilities. (Catholic Church Bankruptcy News, Issue No. 10;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


COMMERCE ONE: Posts $193,853 Net Loss in October 2004
-----------------------------------------------------
On Nov. 22, 2004, Commerce One, Inc. filed with the United States
Bankruptcy Court for the Northern District of California its
monthly operating report for the period from Oct. 6, 2004 to
Oct. 31, 2004.

The Company posted a $193,853 net loss on $275,274 of net sales
for the 26-day period.  At Oct. 31, 2004, Commerce One's balance
sheet showed:

            Current Assets       $1,090,536
            Total Assets          1,181,536
            Current Liabilities     800,411
            Total Liabilities    $9,547,393

A full-text copy of Commerce One's October 2004 Monthly Operating
Report is available at no charge at:

   http://www.sec.gov/Archives/edgar/data/1131806/000113180604000082/exh99-1.htm

Headquartered in San Francisco, California, Commerce One, Inc.
-- http://www.commerceone.com/-- provides software services that  
enable businesses to conduct commerce over the Internet. Commerce
One, Inc., and its wholly owned subsidiary, Commerce One
Operations, Inc., filed for chapter 11 protection on Oct. 6, 2004
(Bankr. N.D. Calif. Case Nos. 04-32820 and 04-32821). Doris A.
Kaelin, Esq., and Lovee Sarenas, Esq., at the Law Offices of
Murray and Murray, represent the Debtors. When the Debtors filed
for bankruptcy, they listed $14,531,000 in total assets and
$12,442,000 in total debts.


FASTNET CORP: Files July to Sept. 2004 Monthly Operating Reports
----------------------------------------------------------------
Fastnet Corporation (n/k/a FN Estate Inc.) filed with the  
U.S. Bankruptcy Court for the Eastern District of Pennsylvania its
monthly operating reports for July, August and September, 2004.

The Debtors' Monthly Balance Sheets show:   

               July 31, 2004      Aug. 31, 2004    Sept. 30, 2004   
               -------------      -------------    --------------   
  
Assets            $6,034,696         $5,867,804        $5,687,642   
   
Post-petition   
Liabilities       4,053,833          4,175,900         4,125,089   
   
Pre-petition   
Liabilities      16,270,531         16,228,956        16,225,477  
   
Stockholders'   
Deficit         $26,377,882        $26,625,266        26,751,139   
    
   
Full-text copies of the Debtors' Monthly Operating Reports are    
available at no charge at:   
   
July 2004 Monthly Operating Report:
   http://www.sec.gov/Archives/edgar/data/1092536/000101968704002654/fastnet_8kex99-1.txt   

August 2004 Monthly Operating Report:  
   http://www.sec.gov/Archives/edgar/data/1092536/000101968704002654/fastnet_8kex-083104.txt

September 2004 Monthly Operating Report:  
   http://www.sec.gov/Archives/edgar/data/1092536/000101968704002654/fastnet_8kex-093004.txt  


On June 10, 2003, Fastnet Corporation (n/k/a FN Estate, Inc.) and  
on June 13, 2003, each of its subsidiaries (excluding the  
Company's wholly-owned subsidiary "DASLIC", a Delaware Holding
Company) filed respective voluntary petitions for relief under  
Chapter 11 of the United States Bankruptcy Code in Jointly  
Administered Case No. 03-23143 in the United States Bankruptcy  
Court for the Eastern District of Pennsylvania.
  
Also, as reported in the Company's Current Reports on Form 8-K
previously filed with the United States Securities and Exchange
Commission, the Debtors have sold substantially all of their
assets as a result of several transactions completed pursuant to
the provisions of the United States Bankruptcy Code on and between
December 15, 2003 and May 4, 2004.


FEDERAL-MOGUL: Posts $1.7 Million Net Loss in October 2004
----------------------------------------------------------

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

                              Assets

Cash and equivalents                                     $297.3
Accounts receivable                                       624.1
Inventories                                               490.1
Deferred taxes                                            199.8
Prepaid expenses and other current assets                 113.6
                                                     ----------
Total current assets                                    1,724.8

Summary of Unpaid Postpetition Debits                     (59.9)
Intercompany Loans Receivable (Payable)                 2,566.3
                                                     ----------
Intercompany Balances                                   2,506.3

Property, plant and equipment                           1,044.6
Goodwill                                                1,178.5
Other intangible assets                                   452.9
Insurance recoverable                                     821.0
Other non-current assets                                1,081.3
                                                     ----------
Total Assets                                           $8,809.5
                                                     ==========

                Liabilities and Shareholders' Equity

Short-term debt                                          $358.3
Accounts Payable                                          208.0
Accrued Compensation                                       80.4
Restructuring and rationalization reserves                  8.7
Current portion of asbestos liability                         -
Interest Payable                                            0.3
Other accrued liabilities                                 303.7
                                                     ----------
Total current liabilities                                 959.5

Long-term debt                                            (15.0)
Post-employment benefits                                1,489.0
Other accrued liabilities                                 967.2
Liabilities subject to compromise                       6,095.2

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           555.3
   Additional paid-in capital                           7,937.6
   Accumulated deficit                                 (9,643.8)
   Accumulated other comprehensive income                (586.1)
   Other                                                      -
                                                     ----------
Total Shareholders' Equity                               (686.3)
                                                     ----------
Total Liabilities and Shareholders' Equity             $8,809.6
                                                     ==========


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

Net sales                                                $278.1
Cost of products sold                                     229.1
                                                     ----------
Gross margin                                               49.0

Selling, general & administrative expenses                (51.1)
Amortization                                               (1.2)
Reorganization items                                       (2.6)
Interest income (expense), net                             (7.9)
Other income (expense), net                                12.4
                                                     ----------
Earnings before Income Taxes                               (1.5)

Income Tax (Expense) Benefit                               (0.2)
                                                     ----------
Earnings before effect of change in acctg principle        (1.7)
Cumulative effect of change in acctg principle                -
                                                     ----------
Net Earnings (loss)                                       ($1.7)
                                                     ==========


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

Cash Provided From (Used By) Operating Activities:
   Net earnings (loss)                                    ($1.7)

Adjustments to reconcile net earnings (loss):
   Depreciation and amortization                           13.8
   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
   Decrease/(increase) in accounts receivable              (2.2)
   Decrease/(increase) in inventories                       1.3
   Increase/(decrease) in accounts payable                  4.5
   Change in other assets and other liabilities           (14.2)
   Change in restructuring charge                          (4.6)
   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            (4.2)
   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      (4.2)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                            (13.2)
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                    2.4
                                                     ----------
Net Cash Provided From Financing Activities               (10.8)

Increase (Decrease) in Cash and Equivalents               (18.1)

Cash and equivalents at beginning of period               315.4
                                                     ----------
Cash and equivalents at end of period                    $297.3
                                                     ==========

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
October 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 their creditors, they listed $10.15 billion in
assets and $8.86 billion in liabilities. (Federal-Mogul
Bankruptcy News, Issue No. 67; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


FGI GROUP: Files October 2004 Monthly Operating Report
------------------------------------------------------
On Nov. 17, 2004, FGI Group Inc. filed a monthly operating
report for Florsheim Group, Inc., et al., and its debtor-
affiliates covering the period ended Oct. 31, 2004, with the
United States Bankruptcy Court for the Northern District of
Illinois, Eastern Division.

FGI Group reports a $977,468.36 cash balance at Oct. 31, 2004,
and provides a summary of cash accounts; receipts listings;
disbursements listings; loan account; statement of aged
receivables and accounts payable aging; tax questionnaire; and
declaration.

Full-text copies of FGI Group's October 2004 Operating Reports
are available at no charge at:

   http://www.sec.gov/Archives/edgar/data/928908/000095013704010196/c89883exv99w1.txt


Florsheim Group, Inc. (OTC BB: FLSC.OB), filed for chapter 11
protection on March 4, 2002 (Bankr. N.D. Ill. Case No. 02 B 08209)
to facilitate a sale of its U.S. wholesale business and 23 retail
stores to its U.S. assets to the Weyco Group, Inc. for $45.6
million in cash, subject to post closing adjustment.


FRESH CHOICE: Reports $669,971 Net Loss for Period Ended Oct. 31
----------------------------------------------------------------
On Nov. 22, 2004, Fresh Choice, Inc., filed with the United States
Bankruptcy Court for the Northern District of California its
monthly operating report for the four-week period ended Oct. 31,
2004.

The Company reports a $669,971 net loss in $1,905,614 of total
revenues for the period from Oct. 4, 2004 through Oct. 31, 2004.

At Oct. 31, 2004, Fresh Choice, Inc.'s balance sheet shows:

      Current Assets                      $7,135,517
      Total Assets                        23,245,812
      Current Liabilities                  6,950,244
      Total Prepetition Liabilities       12,593,273
      Total Liabilities                   21,801,539
      Total Equity                        $1,444,273

A full-text copy of Fresh Choice, Inc.'s Monthly Operating Report
for the period ended Oct. 31, 2004, is available at no charge at:

   http://www.sec.gov/Archives/edgar/data/893741/000115752304010975/a4770935ex991.txt


Headquartered in Morgan Hill, California, Fresh Choice --
http://www.freshchoice.com/ -- owns and operates a chain of more
than 40 salad bar eateries, mostly located in California.  The
company filed for chapter 11 protection on July 12, 2004 (Bankr.
N.D. Calif. Case No. 04-54318).  Debra I. Grassgreen, Esq., at
Pachulski, Stang, Ziehl, Young, Jones & Weintraub represents the
Debtor in its restructuring efforts.  When the Debtor filed for
protection from its creditors, it listed $29,651,000 in total
assets and $14,348,000 in total debts.


HAUSER INC: Submits October 2004 Monthly Operating Report
---------------------------------------------------------
Kenneth C. Cleveland, President and Chief Executive Officer for
Hauser, Inc., advises that on Nov. 16, 2004, the Company and
its wholly owned subsidiaries filed their monthly operating report
for the month ended Oct. 31, 2004, with the Office of the United
States Trustee pursuant to Bankruptcy Rule 2015 and the Trustee's
Financial Reporting Requirements for Chapter 11 Cases.

Citing Rule 202 of Regulation S-T and the Company's continuing
hardship exemption, Mr. Cleveland explains that it is impossible
to deliver an electronic copy of that financial report to the
Securities and Exchange Commission so the Company has manually
filed a paper copy of the Amended Reports under cover of Form
SE.

Headquartered in El Segundo, California, Hauser Inc. supplies
herbal extracts and nutritional supplements and provides chemical
engineering services and contract research and development. The
Company and its debtor-affiliates filed for chapter 11 protection
on April 1, 2003, in Los Angeles (Bankr. C.D. Calif. Case No. 03-
18795). Christine M. Pajak, Esq., at Stutman, Treister & Glatt,
serves as legal counsel to the Debtors.


KUSHNER-LOCKE: Releases September 2004 Monthly Operating Reports
----------------------------------------------------------------
On Nov. 22, 2004, The Kushner-Locke Company and its debtor-
affiliates filed with the U.S. Bankruptcy Court for the Central
District of California its unaudited September 2004 Monthly
Operating Reports.

For the month ending Sept. 31, 2004, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses           85,969
      Total Non-Operating Expenses       96,124
      Net Income (Loss)               ($182,093)

For the period from Sept. 1, 2004 through Sept. 30, 2004, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,205,105          $20,108
      Total Receipts             302,012          223,000
      Total Disbursements        223,000          182,093
      Ending Balance          $1,284,118          $61,016

Full-text copies of The Kushner-Locke Company's September 2004
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:
   http://www.sec.gov/Archives/edgar/data/842009/000095012904009298/v03594exv99w2.htm

Cash Receipts and Disbursements Report:
   http://www.sec.gov/Archives/edgar/data/842009/000095012904009298/v03594exv99w1.htm


Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central
District of California.  The cases are jointly administered under
case number 01-44828.


NRG ENERGY: Earns $54.2 Million of Net Income in Third Quarter
--------------------------------------------------------------
NRG Energy, Inc. (NYSE:NRG) reported earnings of $54 million for
the third quarter ended Sept. 30, 2004.  This included $11 million
related to discontinued operations.  Earnings from ongoing
operations were $43 million.  Net earnings for the nine months
ended September 30, 2004 were $167 million.  Year-to-date net
earnings included $23 million from discontinued operations.  The
Company's net earnings have contributed to net cash flow
generation of $554 million year-to-date.

Adjusted net income, excluding discontinued operations and other
nonrecurring items, was $88 million or $0.87 per diluted share for
three months ended September 30, 2004 and $171 million or $1.71
per diluted shares for nine months ended September 30, 2004.  
Adjustments were primarily associated with asset impairments,
restructuring and relocation charges and litigation settlements.

"The fact that we could achieve such a healthy result and strong
cash generation, notwithstanding the mild summer weather, provides
further validation for our multifuel, multiregional business
model," said David Crane, President and Chief Executive Officer.  
"It is a testament to our people that we are positioned to raise
our full-year adjusted EBITDA target in a year when we have re-
established the Company and are building the platform for future
growth."

                    Third Quarter Highlights

      * $1.6 billion of liquidity, an increase of $260 million
        since June 30, 2004;

      * $284 million of net cash flow for the quarter; and

      * $272 million of adjusted EBITDA.

                        Business Summary

Adjusted EBITDA by region for the third quarter 2004 was as  
follows:

     Northeast Region                         $110
     South Central Region                       30
     Western Region                             47
     Australia                                   9
     Other International                        34
     Other North America                        38
     Alternative Energy                          6
     Non-generation (Thermal)                   12
     Corporate - Unallocated                   (14)
                                            ------
          Total                               $272

Northeast: Mild weather limited production from our intermediate
and peaking plants in the third quarter.  As a result, energy
revenues were less than expected for the quarter from our western
NY and PJM assets.

The Northeast represented approximately 44% of total capacity  
revenues for the third quarter, largely driven by our New York  
City and Connecticut assets.  The third quarter included three  
out of the six months of the summer capability period during  
which capacity prices in New York City were at their highest  
level.

Several of our Connecticut facilities (Middletown, Montville, and
Devon 11-14) continued to receive cost based reliability-must-run
(RMR) payments, which were effective as of January 17, 2004.  On
November 2, 2004, NRG together with the Connecticut Department of
Utility Control, the Connecticut Office of Consumer Council, ISO-
New England and other parties, filed an uncontested settlement of
all outstanding RMR matters for approval by the Federal Energy
Regulatory Commission (FERC).  We expect this development to
provide NRG with certainty regarding our RMR units' revenues
through 2005.

South Central: Our long-term contracts generally provided for
capacity and energy payments while strong generation performance,
particularly out of Big Cajun 2, provided for increased merchant
energy sales, resulting in higher revenues.

Our South Central assets contributed 27% of our capacity revenues
this quarter.  These capacity payments are typically steady
quarter to quarter, and are relatively unaffected by seasonal
shifts.

West Coast: Equity earnings from West Coast Power, our 50% joint
venture with Dynegy, Inc., were higher than expected due to
favorable market conditions.  NRG and its partner Dynegy, Inc.,  
continue to work with the CAISO and incumbent load serving  
utilities in an effort to secure a replacement contract for the  
California Department of Water Resources contract that expires at  
year-end 2004.  The Cabrillo I and II RMR (net 575MW) contracts  
have been extended through 2005.

International: Our Australian results, consisting of 100% owned
Flinders and 37.5% interest in Gladstone, benefited from strong
pool prices driven primarily by a significant number of plants
being out of service.  This drove up the prices across the
National Electricity Market, including South Australia.  Equity  
earnings from our investment located in the United Kingdom  
benefited from a $13 million mark-to-market gas contract  
adjustment.  As the German assets (MIBRAG and Schkopau) are fully  
contracted, sales and profit are not sensitive to spikes in  
weather or commodity prices.

Coal Sourcing: We continue to work diligently on the
implementation of our long-term coal strategy.  This strategy is  
based on an integrated approach to multisource procurement of  
private railcar capacity, rail transportation services and the  
commodity itself.  The Company, during the third quarter,  
implemented a critical component of this strategy by ordering  
1,540 new bulk coal railcars from Johnstown America Corporation.   
NRG expects to begin taking delivery of this railcar fleet in the  
first quarter 2005.

                     Liquidity and Cash Flow

Liquidity as of September 30, 2004, increased to $1.6 billion as
set forth below:

     Corporate Liquidity
     (in millions)                           6/30/04    9/30/04
     -------------------                     -------    -------
     Unrestricted Cash:
        Domestic                                676        936
        International                           145        169
     Restricted Cash:
        Domestic                                 97         94
        International                            55         55
                                             -------    -------
     Total Cash                                 973      1,254

     Letter of Credit Availability              118         97
     Revolver Availability                      250        250
                                             -------    -------
     Total Current Liquidity                 $1,341     $1,601
                                             =======    =======

During the third quarter, NRG completed sales of non-core assets
(Batesville and McClain), resulting in $27 million in cash
proceeds and $449 million debt reduction.  Additionally, NRG  
executed a purchase and sale agreement for its Kendall facility,  
which is expected to reduce consolidated debt further by nearly  
$450 million.  Excluding Kendall, our net debt to total capital,  
excluding operating cash, stood at 50% at the end of the third  
quarter.  We anticipate the Kendall sale to close by year-end.

"As a necessary first step in our capital allocation plan, we are
working to refinance our senior bank facility," said Robert
Flexon, Chief Financial Officer.  "Our goal for refinancing is to
reduce our interest costs and to improve the allocation of capital
for the benefit of our shareholders."

                             Outlook

The Company's updated outlook for 2004 is as follows:

     Outlook (in millions)                    Prior     Updated
     ---------------------                    -----     -------
     Reported Cash from Operations             $513       $555
     Reported EBITDA(4)                         837        873
     Adjusted Cash from Operations              441        480
     Adjusted EBITDA                            850        875

Through the remainder of the year, the Company's gross margin is
substantially hedged.  With respect to 2005, fuel supply
interruptions related to Hurricane Ivan and more general market
concerns about the adequacy of winter gas supplies have recently
resulted in a significant increase in forward gas prices.  
Although we believe long term natural gas prices remain well
supported we expect prices to be highly volatile and extremely
sensitive to weather, in the short term.  As a result, while we
continue to manage our generation portfolio actively, the recent
run up in forward prices has provided an opportunity to increase
our hedging of coal margins for 2005.

                            S-4 Filing

On November 3, 2004, the Company filed a Registration Statement on
Form S-4 with the Securities and Exchange Commission.  This is the
first step in the registration of the $1.75 billion of our 8%
second priority senior secured notes due 2013 that were issued in
December 2003 and January 2004.

A full-text copy of NRG Energy, Inc.'s Form 10-Q is available for
free at:

http://www.sec.gov/Archives/edgar/data/1013871/000095013404016871/c89434e10vq.htm


                  NRG Energy, Inc., and Subsidiaries
                        Reorganized Company
                     Consolidated Balance Sheet
                             (Unaudited)
                        As of September 30, 2004

Assets
Current Assets
     Cash and cash equivalents                   $1,104,783,000
     Restricted cash                                148,919,000
     Accounts receivable                            242,245,000
     Current portion of notes receivable            121,599,000
     Taxes receivable                                30,931,000
     Inventory                                      214,980,000
     Derivative instruments valuation                 5,516,000
     Prepayments and other current assets           196,078,000
     Current deferred income taxes                      989,000
     Current assets -- held for sale                 43,851,000
     Current assets -- discontinued operations        3,042,000
                                                 --------------
        TOTAL CURRENT ASSETS                      2,112,933,000
                                                 --------------
Property, Plant and Equipment
     In service                                   3,439,499,000
     Under construction                              68,135,000
                                                 --------------
        TOTAL PROPERTY, PLANT AND EQUIPMENT       3,507,634,000
     Less accumulated depreciation                 (156,643,000)
                                                 --------------
     Net property, plant and equipment            3,350,991,000
                                                 --------------

Other Assets
     Equity investments in affiliates               689,974,000
     Notes receivable, less current portion         118,200,000
     Notes receivable, less current portion         612,443,000
     Intangible assets                              326,030,000
     Debt issuance costs                             60,658,000
     Derivative instruments valuation                48,928,000
     Funded letter of credit                        250,000,000
     Other assets                                    95,441,000
     Non-current assets -- held for sale            519,986,000
                                                 --------------
        TOTAL OTHER ASSETS                        2,721,660,000
                                                 --------------
        TOTAL ASSETS                             $8,185,584,000
                                                 ==============

Liabilities and Stockholder's Equity
Current Liabilities
     Current portion of long-term debt             $100,105,000
     Short-term debt                                         --
     Accounts payable -- trade                      115,270,000
     Accounts payable -- affiliates                   5,301,000
     Accrued taxes                                           --
     Accrued property, sales and other taxes         13,672,000
     Accrued salaries, and related costs             33,362,000
     Accrued interest                                65,011,000
     Derivative instruments valuation                18,038,000
     Creditor pool obligation                        25,000,000
     Other bankruptcy settlement                    220,492,000
     Other current liabilities                      127,073,000
     Current liabilities -- held for sale             6,855,000
     Current liabilities -- discontinued              1,752,000
                                                 --------------
        TOTAL CURRENT LIABILITIES                   731,931,000
                                                 --------------
Other Liabilities
     Long-term debt and capital leases            3,511,231,000
     Deferred income taxes                          143,129,000
     Postretirement and other benefit obligations   113,640,000
     Derivative instruments valuation               140,787,000
     Other long-term obligations                    385,496,000
     Non-current liabilities -- held for sale       555,546,000
     Non-current liabilities
        -- discontinued operations                    1,081,000
                                                 --------------
        TOTAL NON-CURRENT LIABILITIES             4,850,910,000
                                                 --------------
        TOTAL LIABILITIES                         5,582,841,000

Minority Interest                                     5,592,000
Commitments and Contingencies
Stockholders' Equity
     Serial Preferred Stock                                  --
     Common stock                                     1,000,000
     Additional paid-in capital                   2,413,962,000
     Retained earnings                              178,505,000
     Accumulated other comprehensive income           3,684,000
                                                 --------------
   TOTAL STOCKHOLDERS' EQUITY                     2,597,151,000
                                                 --------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       $8,185,584,000
                                                 ==============


                 NRG Energy, Inc., and Subsidiaries
                 Consolidated Statement of Operations
                             (Unaudited)
               Three Months Ended September 30, 2004

Operating Revenues and Equity Earnings
     Revenues from majority-owned operations       $606,663,000
                                                 --------------
Operating Costs and Expenses
     Costs of majority-owned operations             381,010,000
     Depreciation and amortization                   51,373,000
     General, administrative and development         54,307,000
     Corporate relocation charges                     5,713,000
     Reorganization charges                          (5,245,000)
     Restructuring and impairment charges            40,507,000
                                                 --------------
        TOTAL OPERATING COSTS AND EXPENSES          527,665,000
                                                 --------------
Operating Income                                     78,998,000
                                                 --------------
Other Income (Expense)
     Minority interest in (earnings)/
        losses of consolidated subsidiaries             128,000
     Equity in earnings of unconsolidated affiliates 53,373,000
     Write downs and gains(losses) on sales
        of equity method investments                (13,524,000)
     Other income, net                                5,502,000
     Interest expense                               (66,883,000)
                                                 --------------
        TOTAL OTHER EXPENSE                         (21,404,000)
                                                 --------------
Income (Loss) From Continuing Operations
     Before Income Taxes                             57,594,000
Income Tax Expense                                   14,264,000
                                                 --------------
Income (Loss) from Continuing Operations             43,330,000
Income on Discontinued Operations,
     net of Income Taxes                             10,891,000
                                                 --------------
Net Income (Loss)                                   $54,221,000
                                                 ==============


                 NRG Energy, Inc., and Subsidiaries
                 Consolidated Statement of Operations
                             (Unaudited)
                 Nine Months Ended September 30, 2004

Operating Revenues and Equity Earnings
     Revenues from majority-owned operations     $1,780,551,000
                                                 --------------
Operating Costs and Expenses
     Costs of majority-owned operations           1,116,021,000
     Depreciation and amortization                  159,547,000
     General, administrative and development        136,445,000
     Corporate relocation charges                    12,474,000
     Reorganization charges                          (1,656,000)
     Restructuring and impairment charges            42,183,000
                                                 --------------
        TOTAL OPERATING COSTS AND EXPENSES        1,465,014,000
                                                 --------------
Operating Income                                    315,537,000
                                                 --------------
Other Income (Expense)
     Minority interest in (earnings)/
        losses of consolidated subsidiaries            (581,000)
     Equity in earnings of
        unconsolidated affiliates                   117,187,000
     Write downs and gains(losses) on sales
        of equity method investments                (14,057,000)
     Other income, net                               17,210,000
     Interest expense                              (226,254,000)
                                                 --------------
        TOTAL OTHER EXPENSE                        (106,495,000)
                                                 --------------
Income (Loss) From Continuing Operations
     Before Income Taxes                            209,042,000
Income Tax Expense                                   64,866,000
                                                 --------------
Income (Loss) from Continuing Operations            144,176,000
Income on Discontinued Operations,
     net of Income Taxes                             23,304,000
                                                 --------------
Net Income (Loss)                                  $167,480,000
                                                 ==============


                NRG Energy, Inc., and Subsidiaries
                Consolidated Statement of Cash Flows
                            (Unaudited)
                Nine Months Ended September 30, 2004

Cash Flows from Operating Activities:
Net(loss)/income                                  $167,480,000
  Adjustments to reconcile net loss to net
  cash provided (used) in operating activities:
    Distributions in excess of (less than) than
      equity in earnings of unconsolidated
      affiliates                                   (13,703,000)
    Depreciation and amortization                  164,872,000
    Amortization of debt issuance costs             22,440,000
    Amortization of debt discount                   15,685,000
    Deferred income taxes                           67,655,000
    Minority interest                                1,961,000
    Unrealized gains on derivatives                (33,232,000)
    Asset impairment                                42,183,000
    Write downs and losses on sale of equity
      method investments                            14,057,000
    Gain on sale of discontinued operations        (29,924,000)
    Amortization of power contracts and
      emission credits                              42,822,000
    Reserve for note and interest receivable         4,572,000
  Cash provided by changes in certain working  
  capital items                                    128,553,000
                                                --------------
Net Cash Provided by Operating Activities          595,421,000
                                                --------------
Net Cash Provided by Investing Activities          210,806,000
                                                --------------
Net Cash Used by Financing Activities             (227,633,000)
                                                --------------
Change in Cash from Discontinued Operations        (22,527,000)

Effect of Exchange Rate Changes on
  Cash and Cash Equivalents                         (2,507,000)
                                                --------------
Net Increase in Cash & Cash Equivalents            553,560,000
Cash & Cash Equivalents at Beginning of Period     551,223,000
                                                --------------
Cash and Cash Equivalents at End of Period      $1,104,783,000
                                                ==============

NRG Energy, Inc., owns and operates a diverse portfolio of power-
generating facilities, primarily in the United States. Its
operations include baseload, intermediate, peaking, and
cogeneration facilities, thermal energy production and energy
resource recovery facilities. The company, along with its
affiliates, filed for chapter 11 protection (Bankr. S.D.N.Y. Case
No. 03-13024) on May 14, 2003. The Company emerged from chapter
11 on December 5, 2003, under the terms of its confirmed Second
Amended Plan. James H.M. Sprayregen, Esq., Matthew A. Cantor,
Esq., and Robbin L. Itkin, Esq., at Kirkland & Ellis, represented
NRG Energy in its $10 billion restructuring. (NRG Energy
Bankruptcy News, Issue No. 36; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


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

                     USGen New England, Inc.
                     Unaudited Balance Sheet
                     As of September 30, 2004

                              ASSETS

Cash and Cash Equivalents                          $243,430,279
Accounts Receivable                                 136,338,365
Support Payment Receivable - Current               Undetermined
Fuel, Inventory and Supplies                         39,444,127
Prepaid Expenses                                     22,516,924
                                                 --------------
Total Current Assets                               Undetermined

Property, Plant and Equipment - net               1,447,373,949
Construction Work in Progress                        45,805,980
Intangible Asset                                     $4,186,916
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                                    $23,324,850
Accrued Liabilities                                  45,753,968
                                                 --------------
Total Current Liabilities                            69,078,818

Deferred Income Taxes                                74,278,473
Other Liabilities                                     8,840,951
                                                 --------------
Total Postpetition Liabilities                      152,198,242

Prepetition Accounts Payable                       Undetermined
Prepetition IC Accounts Payable                    Undetermined
Prepetition Market Accounts Payable                Undetermined
Current Debt                                         84,770,293
Out of Market Liabilities - Current                  27,489,403
Out of Market Liabilities - Non-current             208,999,765
                                                 --------------
Total Prepetition Liabilities                      Undetermined
                                                 --------------
Total Liabilities                                  Undetermined

Shareholder's Equity
    Common Stock, Additional Paid-In Capital      1,347,736,929
    Other Comprehensive Income                       (2,530,687)
    Retained Earnings                              (256,087,429)
                                                 --------------
Total Shareholder's Equity                       $1,089,118,813
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY         Undetermined
                                                 ==============


                     USGen New England, Inc.
                    Unaudited Income Statement
         For the Period September 1 to September 30, 2004

REVENUE:
    Contract Revenue                                $44,978,974
    Market Energy                                    10,715,001
    Ancillary Products                                  670,184
    Market Capacity                                     242,500
    Power Hedges                                              -
    Other Revenue                                    (2,230,656)
                                                 --------------
Total Revenue                                        54,376,003

FUEL COSTS:
    Contract Expense                                  8,192,978
    Fuel Expense                                     21,576,086
    Fuel Hedges                                        (248,040)
                                                 --------------
Total Fuel Costs                                     29,521,024
                                                 --------------
Gross Profit                                         24,854,979

OPERATING EXPENSES:
    Direct Labor                                      5,525,017
    Direct Materials                                  2,488,502
    Direct Subcontractor Services                     4,380,774
    Other Operating                                   1,829,436
    Bonus Accrual, Union and non-union                  426,377
    Ash Disposal                                      1,192,721
                                                 --------------
Total Station Operating Expenses                     15,842,827

Corporate Expense:
    Corporate Labor                                     485,500
    Bonus                                               306,891
    Travel and Entertainment                             23,801
    Insurance                                           560,183
    Professional Services                             3,901,471
    Other General Administrative                        217,242
                                                 --------------
Total Corporate Expenses                              5,495,088

General Expenses:
    Property Taxes                                    2,638,373
    Interconnect Cost                                   105,066
    Amortization                                              -
    Depreciation                                      5,603,308
                                                 --------------
Total General Expenses                                8,346,746
                                                 --------------
Total Operating Expenses                             29,684,661
                                                 --------------
Total Operating Income                               (4,829,682)

Other Income (Expenses):
    Lease Expense                                      (400,000)
    Interest Income - NEES Receivable                 1,769,716
    Income - Other                                    6,064,748
    Expense - Other                                           -
    Gain                                             (1,133,858)
    Bank and LC Fees                                    (55,955)
                                                 --------------
Total Other Income (Expenses)                         6,244,652
                                                 --------------
Income Before Tax                                     1,414,970
Income Taxes                                         (2,120,531)
                                                 --------------
Net Income                                           $3,535,501
                                                 ==============


                     USGen New England, Inc.
                  Unaudited Cash Flow Statement
         For the Period September 1 to September 30, 2004

CASH FLOWS FROM OPERATING ACTIVITIES:
    Net Income                                       $3,535,501
Adjustments to reconcile net income to net
    cash provided by operating activities:
    Depreciation                                      5,603,308
    Amortization of intangible assets                   548,167
    Loss on disposal of fixed assets                  1,133,858

Change in assets and liabilities:
    Accounts receivable (Increase)                    5,410,003
    Inventory (Increase)                              3,337,622
    Prepaid, Deposits & Other (Increase)              1,191,019
    Deferred Income Taxes (Decrease)                   (149,143)
    Accounts Payable (Decrease)                      (2,056,421)
    Accrued Liabilities (Decrease)                  (54,047,369)
    Liabilities - Other (Decrease)                   (2,583,411)
    Prepetition Assets (Increase)                    25,380,118
    Prepetition Liabilities (Decrease)               22,287,233
    Equity - Other (Increase)                         1,035,104
                                                 --------------
Net cash (used in) provided by
    operating activities                             10,625,588

CASH FLOWS FROM INVESTING ACTIVITIES:
    Property, plant and equipment                    (5,450,469)
    Change in Investment in Subsidiary                      (82)
    Support payments received - principle             5,833,634
                                                 --------------
Net cash (used in) provided by investing
    activities                                          383,082

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                             11,008,670

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD      232,421,608
                                                 --------------
CASH AND CASH EQUIVALENTS, END OF PERIOD           $243,430,279
                                                 ==============

Headquartered in Bethesda, Maryland, USGen New England, Inc., an
affiliate of PG&E Generating Energy Group, LLC, owns and operates
several electric generating facilities in New England and
purchases and sells electricity and other energy-related products
at wholesale. The Debtor filed for Chapter 11 protection on July
8, 2003 (Bankr. D. Md. Case No. 03-30465). John E. Lucian, Esq.,
Marc E. Richards, Esq., Edward J. LoBello, Esq., and Craig A.
Damast, Esq., at Blank Rome, LLP, represent the Debtor in their
restructuring efforts. When it sought chapter 11 protection, the
Debtor reported assets amounting to $2,337,446,332 and debts
amounting to $1,249,960,731.


PILLOWTEX CORP: Monthly Operating Report Ended Oct. 2, 2004
-----------------------------------------------------------

                       Pillowtex, et al.
                  Consolidated Balance Sheets
                     As of October 2, 2004

ASSETS

Cash and cash equivalents                           $35,892,455
Accounts Receivables (Net)                           12,013,754
Inventory (Net)                                       5,335,000
Pre-Paid Expenses                                     1,218,400
Other Assets                                          6,178,681
                                                    -----------
   TOTAL CURRENT ASSETS                              60,638,380
                                                    -----------

Property Plan & Equipment (Net)                               0
Intangibles (Net)                                             0
Other Non-Current                                     1,811,137
Inter-Company                                                 0
                                                    -----------
   TOTAL ASSETS                                     $62,449,517
                                                    ===========

LIABILITIES & EQUITY

Liabilities Not Subject to Compromise
Accounts Payable                                              0
Accrued Expenses                                     33,248,989
Deferred Taxes                                          295,000
Professional Fees                                             0
Secured Debt                                            292,000
Other                                                86,001,000
                                                    -----------
   Total Not Subject to Compromise                  119,836,989
                                                    -----------
Liabilities Subject to Compromise
Current Debt                                                  0
Unsecured debt                                       25,536,132
                                                    -----------
   Total Subject to Compromise                       25,536,132
                                                    -----------

Preferred Convertible Stock                                   0

Equity
   Inter-Company                                     (7,472,986)
   Investment in Subs                                         0
   Additional Paid in Capital                       196,004,000
   Common Stock                                         191,000
   Deferred Compensation                               (188,000)
   Retained Earnings                               (209,959,618)
   Pension Equity Adjustment                        (61,501,000)
   Translation                                            3,000
                                                    -----------
   TOTAL EQUITY                                     (75,450,618)
                                                    -----------
      TOTAL LIABILITIES & EQUITY                    $62,449,517
                                                    ===========


                       Pillowtex, et al.
              Consolidated Statement of Operations
             For Three Months Ended October 2, 2004

Net Revenues                                         $1,330,352
Cost of Goods Sold                                   (1,735,834)
                                                    -----------
Gross Profit                                          3,066,186

Selling, General & Administrative                     2,069,010
Other                                                   (81,977)
                                                    -----------
Earnings from Operations                              1,079,153

Interest Expense                                              0
Other Income & Expenses                                (167,760)

Reorganization Expenses
   Professional Fees                                  1,374,432
   U.S. Trustee Fees                                      3,500
   Gain/Loss from Sale of Assets                      1,221,887
   Other (Income)/Expense                                     0
                                                    -----------
   Total Reorganization Expenses                      2,599,319

Income Before Taxes                                  (1,352,906)
Income Taxes                                                  0
Income (Loss) on Disposal                                     0
Income from Discontinued Operations                           0
                                                    -----------
   Net Profit or (Loss)                             ($1,352,906)
                                                    ===========


                       Pillowtex, et al.
                        Actual Cash Flow
                For the Month of September 2004

Accounts Receivable Collections                        $163,000
Brown & Joseph/Atwell Fees                              (15,000)
Accounts Receivable Personnel                           (17,000)
Inventory Bulk Sales                                    100,000
Property Tax Related to Asset Sale                            -
Property (Net)                                        3,118,000
Miscellaneous Proceeds                                   (2,000)
                                                     ----------
Total Proceeds                                        3,347,000

Prepetition Cure Cost of Capital Leases                       -
Balance of 2003 Personal Property Tax                         -
Alliance Street Production                                    -
Interest Expense (Term and Revolver)                          -
Idle Facility Cost                                     (129,000)
Electric Demand Charge                                        -
Retail Store Operating Costs                                  -
Warehousing, Shipping & Billing                               -
Freight & Duty                                                -
Manufacturing                                                 -
Inventory Cleanup                                             -
Accrued Employee Expenses                                     -
Critical Vendor Payments                                      -
Continuing Medical                                            -
Terminated Medical                                    2,293,000
Product Liability/D&O/Workers Comp. Insurance            94,000
Corporate                                               102,000
Severance/Retention                                           -
Warehouse Vacation Pay                                        -
SB Capital Estate Charge Back                                 -
Early Termination Fee                                         -
DIP Fees                                                      -
Professional Fees                                        83,000
Miscellaneous Expenses                                   33,000
                                                     ----------
Total Expenses                                        2,476,000
                                                     ----------
Net Cash Flow                                          $871,000
                                                     ==========


                       Pillowtex, et al.
                      Disbursement Report
              For the Month Ended October 2, 2004

Net Payroll & Payroll Taxes Paid                     $2,482,625
Sales, Use & Other Taxes Paid                                 -
Inventory Purchases                                           -
Interest on Long Term Debt                                    -
Secured/Rental/Lease                                          -
Utilities                                                (9,568)
Insurance                                                27,220
Administrative                                                -
Professional Fees                                       184,932
U.S. Trustee's Fees                                           -
Others                                                  171,278
                                                    -----------
Total for U.S. Trustee Fees                          $2,856,487
                                                    ===========

Headquartered in Dallas, Texas, Pillowtex Corporation --
http://www.pillowtex.com/-- sold top-of-the-bed products to  
virtually every major retailer in the U.S. and Canada. The
Company filed for Chapter 11 protection on November 14, 2000
(Bankr. Del. Case No. 00-4211), emerged from bankruptcy under a
chapter 11 plan, and filed a second time on July 30, 2003 (Bankr.
Del. Case No. 03-12339). The second chapter 11 filing triggered
sales of substantially all of the Company's assets. David G.
Heiman, Esq., at Jones Day, and William H. Sudell, Jr., Esq., at
Morris Nichols Arsht & Tunnel, represent the Debtors. On
July 30, 2003, the Company listed $548,003,000 in assets and
$475,859,000 in debts. (Pillowtex Bankruptcy News, Issue No. 71;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


TRUMP HOTELS: Consolidated Balance Sheet at Sept. 30, 2004
----------------------------------------------------------

                Trump Hotels & Casino Resorts, Inc.
          Unaudited Condensed Consolidated Balance Sheets
                      At September 30, 2004
                    (In Thousands of Dollars)

                              ASSETS

Current Assets:
  Cash and cash equivalents                            $124,047
  Receivables, net                                       35,330
  Inventories                                            11,619
  Prepaid expenses & other noncurrent assets             16,512
                                                    -----------
Total current assets                                    187,508

Investment in Buffington Harbor LLC                      28,384
Property and equipment, net                           1,724,570
Deferred bond and loan issuance costs, net               21,548
Other assets                                             75,614
                                                    -----------
TOTAL ASSETS                                         $2,037,624
                                                    ===========

               LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Current maturities of long-term debt                  $34,309
  Accounts payable and accrued expenses                 173,941
  Due to affiliates, net                                  3,201
  Accrued interest payable                               83,824
                                                    -----------
Total Current Liabilities                               295,275

Non-current liabilities:
  Long-term debt, net of maturities                   1,788,541
  Long-term debt, related parties                        15,888
  Other long-term liabilities                            23,842
                                                    -----------
TOTAL LIABILITIES                                     2,123,546
                                                    -----------
Stockholders Equity:
  Common stock, $.01 par value, 75,000,000
    shares authorized, 32,101,493 issued,
    29,904,764 outstanding                                  321
  Class B common stock, $.01 par value, 1,000
    shares authorized, issued and outstanding                 -
  Additional paid in capital                            470,566
  Accumulated deficit                                  (536,609)
  Less treasury stock at cost 2,196,729 shares          (20,200)
                                                    -----------
TOTAL STOCKHOLDERS' EQUITY                              (85,922)
                                                    -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY           $2,037,624


Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino
Resorts, Inc., through its subsidiaries, owns and operates four
properties and manages one property under the Trump brand name.
The Company and its debtor-affiliates filed for chapter 11
protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898
through 04-46925). When the Debtors filed for protection from
their creditors, they listed more than $500 million in total
assets and more than $1 billion in total debts.

                          *********

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
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
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public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.  
Don't be fooled.  Assets, for example, reported at historical cost
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Each Friday's edition of the TCR includes a review about a book of
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For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
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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                    *** End of Transmission ***