TCR_Public/041204.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, December 4, 2004, Vol. 8, No. 267

                          Headlines

AVADO BRANDS: Posts $3.7 Million Net Loss in October 2004
COVANTA WTE: Posts $944,818 Net Loss in September 2004
DII/KBR: Posts $355 Million Net Loss for Third Quarter 2004
FINOVA GROUP: Posts $46.6 Million Net Loss in September 2004
FINOVA CAPITAL: Earns $16 Million of Net Income in September 2004

FINOVA CAPITAL plc: Earns $99.3 Million of Net Income in September
FINOVA: Loan Administration's Third Quarter 2004 Results
FINOVA: Mezzanine's Sept. 2004 Net Income Nears $12 Million
HAWAIIAN AIRLINES: Posts $1.3 Million Net Loss in October 2004
INTERSTATE BAKERIES: Schedules of Assets & Liabilities

INTERSTATE BAKERIES: Armour & Main's Schedules of Assets & Debts
INTERSTATE BAKERIES: Baker's Inn Schedules of Assets & Liabilities
INTERSTATE BAKERIES: Interstate Brands Schedules of Assets & Debts
INTERSTATE BAKERIES: N.E. Bakery's Schedules of Assets & Debts
INTERSTATE BAKERIES: IBC Sales' Schedules of Assets & Liabilities

INTERSTATE BAKERIES: IBC Services' Schedules of Assets & Debts
INTERSTATE BAKERIES: IBC Trucking's Schedules of Assets & Debts
MIRANT CORP: Earns $17.8 Million of Net Income in August 2004
MIRANT CORP: Posts $83.9 Million Net Loss in September 2004
MIRANT: MAGi Earns $56.6 Million of Net Income in August 2004

MIRANT: MAGi Posts $106 Million Net Loss in September 2004
PARMALAT USA: Releases Monthly Operating Report Ended Oct. 23
PARMALAT: Milk Products' October 2004 Monthly Operating Report
PARMALAT: Farmland Dairies' October 2004 Monthly Operating Report
RELIANCE GROUP: Posts $84.5 Million Net Loss in October 2004

RELIANCE GROUP: RIC Liquidator's Third Quarter Status Report
TRUMP HOTELS: Trump Casino Funding's Schedules of Assets & Debts
TRUMP HOTELS: Trump Casino Holdings' Schedules of Assets & Debts
TRUMP HOTELS: Trump Indiana Casino's Schedules of Assets & Debts
TRUMP HOTELS: Trump Indiana Realty's Schedules of Assets & Debts

TRUMP HOTELS: Trump Internet Casino's Schedules of Assets & Debts
TRUMP HOTELS: Trump Marina Associates' Schedules of Assets & Debts
TRUMP HOTELS: Trump Plaza Associates' Schedules of Assets & Debts
TRUMP HOTELS: Plaza Funding Inc.'s Schedules of Assets & Debts
TRUMP HOTELS: TAC Associates' Schedules of Assets & Liabilities

TRUMP HOTELS: TAC Funding Inc.'s Schedules of Assets & Debts
TRUMP HOTELS: TAC Funding II's Schedules of Assets & Debts
TRUMP HOTELS: TAC Funding III's Schedules of Assets & Debts
TRUMP HOTELS: TAC Holding Inc.'s Schedules of Assets & Debts
TRUMP HOTELS: Taj Mahal Associates' Schedules of Assets & Debts

TRUMP HOTELS: THCR Development Co.'s Schedules of Assets & Debts
TRUMP HOTELS: THCR Enterprises Inc.'s Schedules of Assets & Debts
TRUMP HOTELS: THCR Enterprises LLC's Schedules of Assets & Debts
TRUMP HOTELS: THCR Funding Inc.'s Schedules of Assets & Debts
TRUMP HOTELS: THCR Holding Corp.'s Schedules of Assets & Debts

TRUMP HOTELS: THCR Holdings LP's Schedules of Assets & Debts
TRUMP HOTELS: THCR Inc.'s Schedules of Assets & Debts
TRUMP HOTELS: THCR LP Corp.'s Schedules Of Assets & Debts
TRUMP HOTELS: THCR Mgt. Holding's Schedules of Assets & Debts
TRUMP HOTELS: THCR Ventures, Inc.'s Schedules of Assets & Debts

TRUMP HOTELS: Trump Atlantic City's Schedules of Assets & Debts
UAL CORPORATION: Posts $114 Million Net Loss in October 2004
WESTPOINT STEVENS: Posts $20.2 Million Net Loss in October 2004

                          *********

AVADO BRANDS: Posts $3.7 Million Net Loss in October 2004
---------------------------------------------------------
Avado Brands, Inc., the owner and operator of the Don Pablo's and
Hops restaurant chains, delivered its October 2004 monthly
operating report to the U.S. Bankruptcy Court for the Northern
District of Texas.

For the period ended Oct. 24, 2004, Don Pablo's reported
$794,000 of net income, Hops reported a net loss of $930,000
and $3,584,000 of net losses at the corporate level resulted in a
consolidated net loss of $3,720,000.

A full-text copy of Avado Brands, Inc.'s October Monthly
Operating Report is available at no charge at:

   http://www.sec.gov/Archives/edgar/data/849101/000084910104000034/moroct.txt


Headquartered in Madison, Georgia, Avado Brands, Inc. --
http://www.avado.com/-- owns and operates two proprietary brands  
comprised of 102 Don Pablo's Mexican Kitchens and 37 Hops
Grillhouse & Breweries. The company recently introduced a new
Hops City Grille concept that is currently in test in Florida.
The Company and its debtor-affiliates filed voluntary chapter 11
petitions on Feb. 4, 2004 (Bankr. N.D. Tex. Case No. 04-31555).
Deborah D. Williamson, Esq., and Thomas Rice, Esq., at Cox & Smith
Incorporated, represent the Debtors in their restructuring
efforts. Miller Buckfire Lewis Ying & Co., LLC, is providing
financial advisory services. When the Debtors filed for
protection from its creditors, they listed $228,032,000 in total
assets and $263,497,000 in total debts.


COVANTA WTE: Posts $944,818 Net Loss in September 2004
------------------------------------------------------

The WTE Debtors are:

    -- Covanta Warren Energy Resource Co., L.P.,
    -- Covanta Warren Holdings I, Inc.,
    -- Covanta Warren Holdings II, Inc., and
    -- Covanta Lake II, Inc.

                           WTE Debtors
                    Consolidated Balance Sheet
                     As of September 30, 2004

                              ASSETS

Cash                                                 $3,668,980
Inventory                                                     -
Accounts receivable                                  36,443,354
Land                                                          -
Machinery, fixtures and equipment                    97,070,938
Restricted funds                                     14,223,743
Other current assets                                     29,939
Other assets                                          3,415,319
                                                   ------------
Total assets                                       $154,852,273
                                                   ============

               LIABILITIES AND SHAREHOLDERS' EQUITY  

Liabilities:  

Postpetition Liabilities:
Subject to postpetition collateral
   or financing order                                         -
Advances from parent and affiliates                 $17,333,915
Accounts payable and other liabilities                7,758,036
                                                   ------------
Total postpetition liabilities                       25,091,951

Prepetition Liabilities:
Project Debt                                         84,259,526
Advances from parent and affiliates                  37,185,761
Liabilities Subject to Compromise                     3,525,224
Taxes/Others                                                  -  
                                                   ------------  
Total Prepetition Liabilities                       124,970,511
                                                   ------------

Shareholders' Equity:
Capital stock                                                 -
Capital surplus                                           5,820
Retained earnings - prepetition                      15,866,416
Retained earnings - postpetition                    (11,082,425)
                                                   ------------
Total Shareholders' Equity                            4,789,811
                                                   ------------
Total Liabilities and Shareholders' Equity         $154,852,273
                                                   ============


                           WTE Debtors
              Consolidated Statements of Operations
              From September 1 to September 30, 2004

INCOME:
Service, electric and construction revenue           $1,221,101
Waste-to-Energy project debt revenue                    982,604
                                                   ------------
          Total Income                                2,203,705

EXPENSES:
Operating and construction costs                      2,241,287
Waste-to-Energy project debt expense                    407,109
Depreciation and amortization expense                   337,924
Other - Net                                                   -
Cost allocations from parent & affiliates               160,000
Gain on sale of businesses                                    -
                                                   ------------
          Total Expenses                              3,146,320
                                                   ------------
NET OPERATING PROFIT/(LOSS)                            (942,615)

Non-Operating Income/(Expense)
Reorganization costs                                          -
Interest expense                                         (2,203)
                                                   ------------
Total Non-Operating Income (Expense)                     (2,203)
Income Taxes                                                  -
Income before cumulative effect of accounting
   Change                                              (944,818)
                                                   ------------
NET INCOME                                            ($944,818)
                                                   ============

  
                           WTE Debtors
                Consolidated Cash Flow Statements
              From September 1 to September 30, 2004

Net income                                            ($944,818)
Depreciation and amortization                           316,161
Receivables                                           1,124,869
Other assets                                             (2,305)
Payables and accrued expenses                           701,683
Other liabilities                                             -
Property, plant and equipment expenditures              (75,520)  
Restricted funds, net                                (1,398,863)  
(Repayments) issuance of debt, net                            -
Advances from parents & affiliates                      162,870
                                                   ------------
                                                       (115,923)

Cash, beginning balance                               3,784,903
                                                   ------------
Cash, ending balance                                 $3,668,980
                                                   ============

Headquartered in Fairfield, New Jersey, Covanta Energy Corporation
-- http://www.covantaenergy.com/-- is a publicly traded holding
company whose subsidiaries develop, own or operate power
generation facilities and water and wastewater facilities in the
United States and abroad. The Company filed for Chapter 11
protection on April 1, 2002 (Bankr. S.D.N.Y. Case No. 02-40826).
Deborah M. Buell, Esq., and James L. Bromley, Esq., at Cleary,
Gottlieb, Steen & Hamilton, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $3,280,378,000 in assets and
$3,031,462,000 in liabilities. On March 10, 2004, Covanta Energy
Corporation and its core subsidiaries emerged from chapter 11 as a
wholly owned subsidiary of Danielson Holding Corporation. Some of
Covanta's non-core subsidiaries have liquidated under separate
chapter 11 plans. (Covanta Bankruptcy News, Issue No. 70;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


DII/KBR: Posts $355 Million Net Loss for Third Quarter 2004
-----------------------------------------------------------

                        DII Industries, LLC
                       Debtors-in-Possession
             Unaudited Condensed Combined Balance Sheets
                      As of September 30, 2004
                       (dollars in millions)

Assets
Current assets:
Cash and equivalents                                        $67
Receivables:
    Trade, net                                              142
    Unbilled insurance for asbestos &
       silica-related liabilities                           873
    Intercompany, net                                        52
    Unbilled work on uncompleted contracts                  151
    Other, net                                               56
                                                     ----------
Total receivables, net                                    1,274
Inventories                                                  20
Right to Halliburton shares                               1,547
Restricted cash - prepetition liability payments            144
Other current assets                                         54
                                                     ----------
Total current assets                                      3,106

Property, plant, and equipment, net                          94
Goodwill, net                                               188
Investments in majority-owned subsidiaries                1,223
Insurance for asbestos & silica-related liabilities         488
Non-current deferred income taxes                           600
Other assets                                                326
                                                     ----------
Total assets                                             $6,025
                                                     ==========

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable                                           $270
Accrued employee compensation and benefits                    6
Advance billings on uncompleted contracts                    67
Prepetition liabilities not subject to compromise           375
Current prepetition asbestos &
    silica-related liabilities subject to compromise      2,415
Other current liabilities                                     -
                                                     ----------
Total current liabilities                                 3,133
Prepetition liabilities not subject to compromise           128
Non-current prepetition asbestos &
    silica-related liabilities subject to compromise      2,029
Other liabilities                                            26
                                                     ----------
Total liabilities                                         5,316
                                                     ----------
Shareholders' equity                                        709
                                                     ----------
Total liabilities and shareholders' equity               $6,025
                                                     ==========

                        DII Industries, LLC
                       Debtors-in-Possession
        Unaudited Condensed Combined Statement of Operations
                Three Months Ended September 30, 2004
                       (dollars in millions)

Revenues                                                   $384
Equity in earnings (losses) of
    majority-owned subsidiaries                            (199)
                                                     ----------
Total revenues                                              185
Operating costs and expenses                                289
                                                     ----------
Operating loss                                             (104)
Non-operating income                                         17
                                                     ----------
Loss from continuing operations
    before income taxes                                     (87)
Income tax (provision) benefit                              (39)
                                                     ----------
Loss from continuing operations                            (126)
Loss from discontinued operations,
    net of tax benefit of $73 and $219                     (229)
                                                     ----------
Net loss                                                  ($355)
                                                     ==========


                       Debtors-in-Possession
        Unaudited Condensed Combined Statement of Cash Flows
                Nine Months Ended September 30, 2004
                       (dollars in millions)

Total cash flows from operating activities                ($495)
                                                     ----------
Total cash flows from investing activities                  (10)
                                                     ----------
Total cash flows from activities with Halliburton           457
                                                     ----------
Effect of exchange rate changes on cash                       7
Decrease in cash and equivalents                            (41)
Cash and equivalents at beginning of period                 108
                                                     ----------
Cash and equivalents at end of period                       $67
                                                     ==========


A full-text copy of DII Industries, LLC' Third Quarter 2004
Financial Report is available for free at:
    
   http://sec.gov/Archives/edgar/data/45012/000004501204000313/edsept04_final.htm


Headquartered in Houston, Texas, DII Industries, LLC, is the
direct or indirect parent of BPM Minerals, LLC, Kellogg Brown &
Root, Inc., Mid-Valley, Inc., KBR Technical Services, Inc.,
Kellogg Brown & Root Engineering Corporation, Kellogg Brown & Root
International, Inc., (Delaware), and Kellogg Brown & Root
International, Inc., (Panama). KBR and its subsidiaries provide a
wide range of services to energy and industrial customers and
government entities in over 100 countries. DII has no business
operations. DII and its debtor-affiliates filed a prepackaged
chapter 11 petition on December 16, 2003 (Bankr. W.D. Pa. Case No.
02-12152). Jeffrey N. Rich, Esq., Michael G. Zanic, Esq., and
Eric T. Moser, Esq., at Kirkpatrick & Lockhart LLP, represent the
Debtors in their restructuring efforts. On June 30, 2004, the
Debtors listed $6.255 billion in total assets and $5.295 billion
in total liabilities. (DII & KBR Bankruptcy News, Issue No. 22;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


FINOVA GROUP: Posts $46.6 Million Net Loss in September 2004
------------------------------------------------------------

                      The FINOVA Group, Inc.
                Unaudited Condensed Balance Sheet
                     As of September 30, 2004
                          (In Thousands)

                              Assets

Current Assets:
   Cash and cash equivalents                                 $0

Financing Assets:
   Loans and other financing contracts, net                   -
   Direct Financing leases                                    -
   Leverage leases                                            -
                                                      ---------
Total financing assets                                        -

Reserve for credit losses                                     -
                                                      ---------
Net Financing assets                                          -

Other Financial Assets:
   Operating leases                                           -
   Assets held for sale                                       -
   Assets held for the production income                      -
   Investments                                           21,239
   Net assets of discontinued operations                      -
                                                      ---------
Total other financial assets                             21,239
                                                      ---------
Total Financial Assets                                   21,239

Other assets                                             15,235
Due from subsidiaries                                    24,185
Investment in subsidiaries                             (793,242)
Intercompany note                                     2,730,449
                                                      ---------
Total Assets                                         $1,997,866
                                                      =========

               Liabilities and Stockholders' Equity

Liabilities:
   Berkadia loan                                              -
   Intercompany note                                          -
   Senior Notes, net - Reorganized Company           $1,810,398
   Senior debt - Predecessor Company                          -
                                                      ---------
Total debt                                            1,810,398

Accounts payable and accrued expenses                    69,927
Deferred income taxes, net                                    -
                                                      ---------
Total Liabilities                                     1,880,325

Stockholders' Equity:
   Common Stock                                           1,259
   Additional capital                                   108,256
   Accumulated earnings                                   8,562
   Common stock in treasury                                (536)
                                                      ---------
Total Stockholders' Equity                              117,541
                                                      ---------
Total Liabilities and Stockholders' Equity           $1,997,866
                                                      =========


                      The FINOVA Group, Inc.
           Unaudited Condensed Statements of Operations
               Nine Months Ended September 30, 2004
                          (In Thousands)

Revenues:
   Interest, fees and other income                         $118
   Intercompany interest income                         159,643
   Rental income                                              -
   Operating leases income                                    -
                                                      ---------
Total Revenues                                          159,643

Interest expense                                       (194,486)
Intercompany interest expense                                 -
Operating lease and other depreciation                        -
                                                      ---------
Interest Margin                                         (34,843)

Other Revenues and (Expenses):
   Reversal of provision for credit losses                    -
   Net (loss) gain on financial assets                        -
   Operating expenses                                   (11,972)
   Gain from extinguishments of debt, net                     -
   Net reorganization expense                                 -
                                                      ---------
Total Other Revenues and (Expenses)                     (11,972)
                                                      ---------
Loss from continuing operations before income taxes     (46,615)
Income tax expense                                            -
                                                      ---------
Loss from continuing operations                         (46,615)
Discontinued operations, net of tax                           -
Net loss on disposal of operations, net of tax                -
                                                      ---------
Net Loss                                               ($46,615)
                                                      =========

Headquartered in Scottsdale, Arizona, The Finova Group, Inc.,
provides commercial financing to small and mid-sized businesses;
other services include factoring, accounts receivable management,
and equipment leasing. The firm has three segments: Commercial
Finance, Specialty Finance, and Capital Markets. FINOVA targets
such markets as transportation, wholesaling, communication, health
care, and manufacturing. Loan write-offs had put the firm on
shaky ground. The Company and its debtor-affiliates and
subsidiaries filed for Chapter 11 protection on March 7, 2001
(U.S. Bankr. Del. 01-00697). Daniel J. DeFranceschi, Esq., at
Richards, Layton & Finger, P.A., represents the Debtors. FINOVA
has since emerged from Chapter 11 bankruptcy. Financial giants
Berkshire Hathaway and Leucadia National Corporation (together
doing business as Berkadia) own FINOVA through the almost
$6 billion lent to the commercial finance company.


FINOVA CAPITAL: Earns $16 Million of Net Income in September 2004
-----------------------------------------------------------------

                    FINOVA Capital Corporation
                Unaudited Condensed Balance Sheet
                     As of September 30, 2004
                          (In Thousands)

Current Assets:
   Cash and cash equivalents                           $493,463
   Restricted cash                                       29,679

Financing Assets:
   Loans and other financing contracts, net             509,657
   Direct Financing Leases                              119,516
   Leveraged leases                                           -
                                                      ---------
Total financing assets                                  629,173

Reserve for credit losses                              (121,333)
                                                      ---------
Net Financing assets                                    507,840

Other Financial assets:
   Operating Leases                                      58,303
   Assets held for sale                                  86,923
   Assets held for the production of income              25,155
   Investments                                            4,194
   Net assets of discontinued operations                      -
                                                      ---------
Total other financial assets                            174,575
                                                      ---------
Total Financial Assets                                  682,415

Other Assets                                              3,889
Due from subsidiaries                                         -
Investment in subsidiaries                                1,914
Intercompany loans                                      156,494
                                                      ---------
Total Assets                                         $1,367,854
                                                      =========

               Liabilities and Stockholders' Equity

Liabilities:
   Berkadia Loan                                              -
   Intercompany note                                 $2,818,065
   Senior Notes, net -- Reorganized Company                   -
   Senior debt - Predecessor Company                          -
                                                      ---------
Total debt                                            2,818,065

Accounts payable and accrued expenses                    41,201

Deferred income taxes, net                                4,964
                                                      ---------
Total liabilities                                     2,864,230

Stockholders' equity:
   Common Stock                                              25
   Additional capital                                  (793,267)
   Accumulated deficit                                 (728,036)
   Accumulated other comprehensive (loss) income            717
   Related party transactions                            24,185
                                                      ---------
Total Stockholders' equity                           (1,496,376)
                                                      ---------
Total Liabilities and Stockholders' Equity           $1,367,854
                                                      =========


                    FINOVA Capital Corporation
           Unaudited Condensed Statements of Operations
               Nine Months Ended September 30, 2004
                          (In Thousands)

Revenues:
   Interest, fees and other income                      $96,173
   Intercompany interest income                               -
   Rental income                                         10,897
   Operating lease income                                34,054
                                                      ---------
Total revenues                                          141,124

Interest Expense                                         (1,530)
Intercompany interest expense                          (163,493)
Operating lease and other depreciation                  (10,095)
                                                      ---------
Interest Margin                                         (33,994)

Other Revenues and (Expenses):
   Reversal of provision for credit losses               44,383
   Net gain on financial assets                          41,135
   Operating expenses                                   (35,508)
   Gain from extinguishments of debt, net                     -
   Net reorganization expense                                 -
                                                      ---------
Total other Revenues and (expenses)                      50,010
                                                      ---------
(Loss) income from operations before income taxes        16,016

Income tax expense                                            -
                                                      ---------
(Loss) income from continuing operations                 16,016

Discontinued operations, net of tax                           -
Net loss on disposal of operations, net of tax                -
                                                      ---------
Net (Loss) income                                       $16,016
                                                      =========

Headquartered in Scottsdale, Arizona, The Finova Group, Inc.,
provides commercial financing to small and mid-sized businesses;
other services include factoring, accounts receivable management,
and equipment leasing. The firm has three segments: Commercial
Finance, Specialty Finance, and Capital Markets. FINOVA targets
such markets as transportation, wholesaling, communication, health
care, and manufacturing. Loan write-offs had put the firm on
shaky ground. The Company and its debtor-affiliates and
subsidiaries filed for Chapter 11 protection on March 7, 2001
(U.S. Bankr. Del. 01-00697). Daniel J. DeFranceschi, Esq., at
Richards, Layton & Finger, P.A., represents the Debtors. FINOVA
has since emerged from Chapter 11 bankruptcy. Financial giants
Berkshire Hathaway and Leucadia National Corporation (together
doing business as Berkadia) own FINOVA through the almost
$6 billion lent to the commercial finance company.


FINOVA CAPITAL plc: Earns $99.3 Million of Net Income in September
------------------------------------------------------------------

                        FINOVA Capital plc
                Unaudited Condensed Balance Sheet
                     As of September 30, 2004
                          (In Thousands)

Assets:
   Cash and cash equivalents                            $15,858

Financing Assets:
   Loans and other financing contracts, net              28,669
   Direct financing leases                               45,025
   Leverage leases                                            -
                                                      ---------
Total financing assets                                   73,694
Reserve for credit losses                               (25,496)
                                                      ---------
Net financing assets                                    (48,198)

Other Financial Assets:
   Assets held for sale                                       -
   Operating leases                                       2,606
   Assets held for the production of income               5,635
   Investments                                                -
   Net assets of discontinued operations                      -
                                                      ---------
Total other financial assets                              8,241
                                                      ---------
Total Financial Assets                                   56,439

Other assets                                                965
Intercompany loans                                            -
Investment in subsidiaries                                    -
Due from subsidiaries                                         -
                                                      ---------
Total Assets                                            $73,262
                                                      =========

               Liabilities and Stockholders' Equity

Liabilities:
   Berkadia Loan                                              -
   Intercompany note                                   $153,000
   Senior Notes, net - Reorganized Company                    -
   Senior debt - Predecessor Company                          -
                                                      ---------
Total debt                                              153,000

Accounts payable and accrued expenses                    14,337
Deferred income taxes, net                                    -
                                                      ---------
Total Liabilities                                       167,337

Stockholders' Equity:
   Common Stock                                               -
   Additional capital                                   (18,383)
   Accumulated earnings (deficit)                       (75,555)
   Accumulated other comprehensive income (loss)           (137)
   Related party transactions                                 -
                                                      ---------
Total Stockholders' Equity                              (94,075)
                                                      ---------
Total Liabilities and Stockholders' Equity              $73,262
                                                      =========


                        FINOVA Capital plc
           Unaudited Condensed Statements of Operations
               Nine Months Ended September 30, 2004
                          (In Thousands)

Revenues:
   Interest, fees and other income                      $16,190
   Intercompany interest income                               -
   Rental income                                          8,782
   Operating lease income                                 2,525
                                                      ---------
Total Revenues                                           27,497

Interest Expense                                            (70)
Intercompany interest expense                            (3,119)
Operating lease and other depreciation                   (1,032)
                                                      ---------
Interest Margin                                          23,276

Other Revenues and (Expenses):
   Reversal of provision for credit losses               62,128
   Net gain on financial assets                          16,846
   Operating expenses                                    (2,961)
   Gain from extinguishments of debt, net                     -
                                                      ---------
Total Other Revenues and (Expenses)                      76,013
                                                      ---------
Income from continuing operations before income taxes    99,289

Income tax expense                                            -
                                                      ---------
Income from continuing operations                        99,289

Discontinued operations, net of tax                           -
Net loss on disposal of operations, net of tax                -
                                                      ---------
Income (loss) before extraordinary item                       -
                                                      ---------
Net Income                                              $99,289
                                                      =========

Headquartered in Scottsdale, Arizona, The Finova Group, Inc.,
provides commercial financing to small and mid-sized businesses;
other services include factoring, accounts receivable management,
and equipment leasing. The firm has three segments: Commercial
Finance, Specialty Finance, and Capital Markets. FINOVA targets
such markets as transportation, wholesaling, communication, health
care, and manufacturing. Loan write-offs had put the firm on
shaky ground. The Company and its debtor-affiliates and
subsidiaries filed for Chapter 11 protection on March 7, 2001
(U.S. Bankr. Del. 01-00697). Daniel J. DeFranceschi, Esq., at
Richards, Layton & Finger, P.A., represents the Debtors. FINOVA
has since emerged from Chapter 11 bankruptcy. Financial giants
Berkshire Hathaway and Leucadia National Corporation (together
doing business as Berkadia) own FINOVA through the almost
$6 billion lent to the commercial finance company.


FINOVA: Loan Administration's Third Quarter 2004 Results
--------------------------------------------------------
FINOVA Loan Administration, Inc., reports no asset and liability  
at September 30, 2004.

                 FINOVA Loan Administration, Inc.
           Unaudited Condensed Statements of Operations
               Nine Months Ended September 30, 2004
                          (In Thousands)

Revenues:
   Interest, fees and other income                            -
   Intercompany interest income                               -
   Rental income                                              -
   Operating lease income                                     -
                                                      ---------
Total revenues                                                -

Interest expense                                              -
Intercompany interest expense                              ($27)
Operating lease and other depreciation                        -
                                                      ---------
Interest Margin                                             (27)

Other Revenues and (Expenses):
   Reversal of provision for credit losses                    -
   Net gain (loss) on financial assets                        -
   Operating expenses                                         -
   Gain from extinguishments of debt, net                     -
   Net reorganization expense                                 -
                                                      ---------
Total other Revenues and (expenses)                           -
                                                      ---------
Income (loss) from operations before income taxes           (27)
Income tax expense                                            -
                                                      ---------
Loss from continuing operations                             (27)

Discontinued operations, net of tax                           -
Net loss on disposal of operations, net of tax                -
                                                      ---------
Net Income (Loss)                                          ($27)
                                                      =========

Headquartered in Scottsdale, Arizona, The Finova Group, Inc.,
provides commercial financing to small and mid-sized businesses;
other services include factoring, accounts receivable management,
and equipment leasing. The firm has three segments: Commercial
Finance, Specialty Finance, and Capital Markets. FINOVA targets
such markets as transportation, wholesaling, communication, health
care, and manufacturing. Loan write-offs had put the firm on
shaky ground. The Company and its debtor-affiliates and
subsidiaries filed for Chapter 11 protection on March 7, 2001
(U.S. Bankr. Del. 01-00697). Daniel J. DeFranceschi, Esq., at
Richards, Layton & Finger, P.A., represents the Debtors. FINOVA
has since emerged from Chapter 11 bankruptcy. Financial giants
Berkshire Hathaway and Leucadia National Corporation (together
doing business as Berkadia) own FINOVA through the almost
$6 billion lent to the commercial finance company.


FINOVA: Mezzanine's Sept. 2004 Net Income Nears $12 Million
-----------------------------------------------------------

                  FINOVA Mezzanine Capital, Inc.
                Unaudited Condensed Balance Sheet
                     As of September 30, 2004
                          (In Thousands)

Current Assets:
   Cash and cash equivalents                                  -

Financing Assets:
   Loans and other financing contracts, net             $10,869
   Direct Financing Leases                                    -
   Leveraged leases                                           -
                                                      ---------
Total financing assets                                   10,869

Reserve for credit losses                                 1,477
                                                      ---------
Net Financing assets                                     12,346

Other Financial assets:
   Operating Leases                                           -
   Assets held for sale                                       -
   Assets held for the production of income                   -
   Investments                                            1,120
   Net assets of discontinued operations                      -
                                                      ---------
Total other financial assets                              1,120
                                                      ---------
Total Financial Assets                                   13,466

Other Assets                                                  -
Due from subsidiaries                                         -
Investment in subsidiaries                                    -
Intercompany loans                                            -
Investment in subsidiaries                                    -
                                                      ---------
Total Assets                                            $13,466
                                                      =========

               Liabilities and Stockholders' Equity

Liabilities:
   Berkadia Loan                                              -
   Intercompany note                                          -
   Senior Notes, net - Reorganized Company                    -
   Senior debt - Predecessor Company                          -
                                                      ---------
Total debt                                                    -

Accounts payable and accrued expenses                         -

Deferred income taxes, net                                    -
                                                      ---------
Total liabilities                                             -

Stockholders' equity:
   Common Stock                                              $1
   Additional capital                                    18,527
   Accumulated (deficit) earnings                        78,444
   Accumulated other comprehensive income (loss)           (584)
   Related party transactions - intercompany note       (82,922)
                                                      ---------
Total Stockholders' equity                               13,466
                                                      ---------
Total Liabilities and Stockholders' Equity              $13,466
                                                      =========


                  FINOVA Mezzanine Capital, Inc.
           Unaudited Condensed Statements of Operations
               Nine Months Ended September 30, 2004
                          (In Thousands)

Revenues:
   Interest, fees and other income                       $4,863
   Intercompany interest income                           4,203
   Rental income                                              -
   Operating lease income                                     -
                                                      ---------
Total revenues                                            9,066

Interest Expense                                              -
Intercompany interest expense                                 -
Operating lease and other depreciation                        -
                                                      ---------
Interest Margin                                           9,066

Other Revenues and (Expenses):
   Reversal of provision for credit losses                    -
   Net gain on financial assets                           2,873
   Operating expenses                                        11
   Gain from extinguishments of debt, net                     -
                                                      ---------
Total other Revenues and (expenses)                       2,884
                                                      ---------
Income from continuing operations before income taxes    11,950

Income tax expense                                            -
                                                      ---------
Income from continuing operations                        11,950

Discontinued operations, net of tax                           -
Net loss on disposal of operations, net of tax                -
                                                      ---------
Net Income (Loss)                                       $11,950
                                                      =========

Headquartered in Scottsdale, Arizona, The Finova Group, Inc.,
provides commercial financing to small and mid-sized businesses;
other services include factoring, accounts receivable management,
and equipment leasing. The firm has three segments: Commercial
Finance, Specialty Finance, and Capital Markets. FINOVA targets
such markets as transportation, wholesaling, communication, health
care, and manufacturing. Loan write-offs had put the firm on
shaky ground. The Company and its debtor-affiliates and
subsidiaries filed for Chapter 11 protection on March 7, 2001
(U.S. Bankr. Del. 01-00697). Daniel J. DeFranceschi, Esq., at
Richards, Layton & Finger, P.A., represents the Debtors. FINOVA
has since emerged from Chapter 11 bankruptcy. Financial giants
Berkshire Hathaway and Leucadia National Corporation (together
doing business as Berkadia) own FINOVA through the almost
$6 billion lent to the commercial finance company.


HAWAIIAN AIRLINES: Posts $1.3 Million Net Loss in October 2004
--------------------------------------------------------------
On Nov. 19, 2004, Hawaiian Airlines, the sole operating subsidiary
of Hawaiian Holdings, Inc., filed its unaudited October 2004
Monthly Operating Report with the United States Bankruptcy Court
for the District of Hawaii.  

The carrier reports a $1,254,000 net loss on $58,717,000 of
revenues in October.  At Oct. 31, 2004, Hawaiian Airlines' balance
sheet showed:

      Total Current Assets               $246,156,000
      Total Assets                        359,686,000
      Total Current Liabilities           240,441,000
      Total Liabilities                   429,929,000
      Liabilities Subject to Compromise   216,935,000
      Shareholder's Deficit              $287,178,000

A full-text copy of Hawaiian Airlines' October 2004 Monthly
Operating Report is available at no charge at:

   http://www.sec.gov/Archives/edgar/data/1172222/000095013604004226/file002.htm


Headquartered in Honolulu, Hawaii, Hawaiian Airlines, Inc., --
http://hawaiianair.com/-- is a subsidiary of Hawaiian Holdings,  
Inc. (Amex and PCX: HA). The Company provides primarily scheduled
transportation of passengers, cargo and mail. Flights operate
within the South Pacific and to points on the west coast as well
as Las Vegas. Since the appointment of a bankruptcy trustee in May
2003, Hawaiian Holdings has had no involvement in the management
of Hawaiian Airlines and has had limited access to information
concerning the airline. The Company filed for chapter 11
protection on March 21, 2003 (Bankr. D. Hawaii Case No. 03-00817).
Joshua Gotbaum serves as the chapter 11 trustee for Hawaiian
Airlines, Inc. Mr. Gotbaum is represented by Tom E. Roesser, Esq.,
and Katherine G. Leonard at Carlsmith Ball LLP and Bruce Bennett,
Esq., Sidney P. Levinson, Esq., Joshua D. Morse, Esq., and John L.
Jones, II, Esq., at Hennigan, Bennett & Dorman LLP.


INTERSTATE BAKERIES: Schedules of Assets & Liabilities
------------------------------------------------------

A.     Real Property
          Alaska -- bakery                           $1,144,364
          California -- depot, store, bakery         58,988,829
          Colorado -- depot, bakery                   4,656,678
          Idaho -- depot, store                       2,173,536
          Missouri -- corp. office                    5,390,363
          Montana -- bakery, store                    1,622,567
          North Dakota -- depot, store                  143,379
          Nevada -- depot, store, bakery             16,602,299
          Oregon -- depot, store                      1,024,460
          Utah -- depot, store, bakery                5,516,419
          Washington -- depot, store, bakery         12,069,431

B.     Personal Property
B.1    Cash on Hand                                     281,243
B.2    Bank Accounts
          UMB Concentration                          18,307,933
          Bank One, NA                                3,017,440
          People's Bank 1                             2,459,629
          Bank of America Concentration               2,451,907
          Wachovia                                    1,658,784
          First Tennessee                             1,605,016
          Bank One, NA                                1,597,571
          Bank of America                             1,578,709
          Ban One, NA                                 1,540,075
          Sun Trust                                   1,503,838
          Bank of America                             1,499,648
          Hibernia                                    1,373,282
          Wells Fargo                                 1,370,403
          Bank of America                             1,301,919
          Bank of America                             1,169,370
          RBC Centura                                   929,266
          Bank of Oklahoma                              884,821
          National City Bank of Kentucky                878,751
          Bank One, NA                                  812,248
          HSBC                                          731,004
          Bank of America                               707,587
          AmSouth Bank                                  617,240
          Provident Bank Mail Stop                      557,069
          Wachovia                                      552,098
          Wells Fargo, NA                               543,587
          Sun Trust                                     523,228
          Others                                      5,587,383
B.3    Security
          Landlord deposits                             294,472
          Other deposits                                 92,403
          Petrocard                                     500,000
B.4    Household goods                                        0
B.5    Books, art work & collectibles                         0
B.6    Wearing apparel                                        0
B.7    Furs and jewelry                                       0
B.8    Firearms and sporting goods                            0
B.9    Interests in insurance policies             undetermined
B.10   Annuities                                              0
B.11   Interests in retirement plans                          0
B.12   Stock interests                             undetermined
B.13   Interests in Partnerships                              0
B.14   Bonds                                                  0
B.15   Accounts receivable
          Trade receivable                          191,596,450
          Notes receivable                              809,721
          Other corporate receivables                 4,007,357
B.16   Alimony                                                0
B.17   Other liquidated debts owed                   29,374,541
B.18   Equitable and future interests                         0
B.19   Contingent interests                                   0
B.20   Other contingent & unliquidated claims      undetermined
B.21   Patents, copyrights & trademarks             175,793,339
B.22   Other intangibles                             4,890,5910
B.23   Automobiles                                   35,571,204
B.24   Boats                                                  0
B.25   Aircraft                                               0
B.26   Office equipment and supplies                 12,821,967
B.27   Machinery, furniture and fixtures            387,736,223
B.28   Inventory
          Ingredients & packaging materials          50,640,596
          Finished goods                             18,836,025
          Inv-FG-scan-meijers                            21,963
B.29   Animals                                                0
B.30   Crops                                                  0
B.31   Farming equipment                                      0
B.32   Farm supplies                                          0
B.33   Other personal property
          Memberships                                    70,500
          Miscellaneous investments                     203,529
          Deferred charges                            4,412,764
          Deferred charges-debt financing            13,032,645
          SAP/Kronos software                        25,305,110
          Distributors                                4,868,443
          Goodwill                                  215,346,289
          Unrecog PSC cost-benefits                  13,858,794
          Lease guaranty asset                           31,111
          Rabbi trust SERP                            5,611,247
          Investment - Mrs. Cubbisons                 6,661,880

       TOTAL SCHEDULED ASSETS                    $1,368,592,766
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              $652,600,881

E.     Unsecured Priority Claims                     34,643,953

F.     Unsecured Non-Priority Claims
          ADM Milling Co.                             1,753,807
          ADM Specialty                               1,778,923
          AE Staley Manufacturing Co.                 1,060,039
          AG Domestic Convertibles Ltd.               4,530,000
          AG Offshore Convertibles Ltd.              10,570,000
          Bartlett Milling                            2,201,128
          Bay State Milling Co.                       1,002,358
          Campbell Mithun Esty Inc.                   5,296,536
          Cargill, Inc.                               2,607,600
          Cereal Food Processors                      9,911,503
          Chicago Display                             1,931,911
          Ed Miniat, Inc.                             1,497,874
          Estimate of SERP Accumulated Benefit  
             Obligation                              21,970,221
          Fleischmanns Yeast                          1,482,889
          General Mills Finance Inc.                  1,677,177
          Highbridge International LLC               35,233,333
          Pliant Corp.                                1,663,853
          Shepherd Investments Int. Ltd.             10,066,667
          Agreed disbursements                        3,016,958
          Outstanding Checks Payable                 10,746,928
          Others                                    137,192,030

  
       TOTAL SCHEDULED LIABILITIES                 $954,436,569
       ========================================================

The Scheduled Liabilities do not include about $443,000,000 in  
accrued liabilities, which include medical and life insurance  
benefits plans and programs, workers' compensation plans,  
environmental programs and federal, state and local taxes.

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts. (Interstate Bakeries
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


INTERSTATE BAKERIES: Armour & Main's Schedules of Assets & Debts
----------------------------------------------------------------
Armour and Main Redevelopment Corporation reports no asset and  
liability.

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts. (Interstate Bakeries
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


INTERSTATE BAKERIES: Baker's Inn Schedules of Assets & Liabilities
------------------------------------------------------------------
Baker's Inn Quality Baked Goods, LLC, reports no asset.

C.     Property Claimed as Exempt                Not Applicable
  
D.     Secured Claims                              $652,600,881

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          AG Domestic Convertibles, Ltd.              4,530,000
          AG Offshore Convertibles, Ltd.             10,570,000
          Highbridge International, LLC              35,233,333
          Isotope Limited                            35,233,333
          Sheperd Investments Int. Ltd.              10,066,667
          Stark Trading                               5,033,333

       TOTAL SCHEDULED LIABILITIES                 $753,267,547
       ========================================================

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts. (Interstate Bakeries
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


INTERSTATE BAKERIES: Interstate Brands Schedules of Assets & Debts
------------------------------------------------------------------

A.     Real Property
          Alabama -- Depot & Bakery                  $4,814,775
          Arkansas -- Depot & Store                     229,952
          Colorado -- Depot & Store                      76,810
          Connecticut -- Depot & Store                  431,094
          Florida -- Depot, Store, Bakery, Other     18,695,321
          Georgia -- Bakery                           3,522,477
          Iowa -- Depot, Store, Bakery                3,097,311
          Illinois -- Depot, Store, Bakery, Other    16,736,778
          Indiana -- Depot, Store, Bakery             9,374,761
          Kansas -- Depot, Store, Bakery             15,542,104
          Kentucky -- Depot & Store                      78,539
          Louisiana -- Depot, Store, Bakery           4,625,445
          Massachusetts -- Depot, Store, Bakery       8,070,856
          Maryland -- Depot & Store                   2,224,708
          Maine -- Depot, Store, Bakery              29,434,605
          Michigan -- Depot, Store, Bakery            5,676,049
          Minnesota -- Depot & Store                  1,399,712
          Missouri -- Depot, Store, Bakery, Other    14,604,509
          Mississippi -- Depot & Store                  388,012
          North Carolina -- Depot, Store, Bakery     14,140,965
          New Jersey -- Depot, Store, Bakery         16,761,340
          New York -- Depot, Store, Bakery           11,010,167
          Ohio -- Depot, Store, Bakery               20,059,449
          Oklahoma -- Depot, Store, Bakery            3,857,014
          Pennsylvania -- Depot, Store, Bakery        6,335,791
          Rhode Island -- Depot & Store                 932,824
          South Carolina -- Depot, Store, Bakery      1,749,716
          Tennessee -- Depot, Store, Bakery           9,748,558
          Texas -- Depot & Store                      1,108,062
          Utah -- Depot                                 183,618
          Virginia -- Depot & Store                   2,444,040
          Vermont -- Depot & Store                      560,119
          Wisconsin -- Depot, Store, Bakery             948,112
          West Virginia -- Depot                        141,980

B.     Personal Property
B.1    Cash on Hand                                     281,243
B.2    Bank Accounts                                 55,759,806
B.3    Security Deposits                                886,875
B.9    Interests in insurance policies             undetermined
B.12   Stock interests                             undetermined
B.15   Accounts receivable                          196,413,528
B.17   Other liquidated debts owed                   29,374,541
B.20   Other contingent & unliquidated claims      undetermined
B.21   Patents, copyrights & trademarks             175,793,339
B.22   Other intangibles                              4,890,590
B.23   Automobiles                                   35,571,204
B.26   Office equipment and supplies                 12,821,967
B.27   Machinery, furniture and fixtures            387,736,223
B.28   Inventory                                     69,498,584
B.33   Other personal property                      289,402,312

       TOTAL SCHEDULED ASSETS                    $1,487,680,169
       ========================================================

C.     Property Claimed as Exempt                Not Applicable
  
D.     Secured Claims                              $652,600,881

E.     Unsecured Priority Claims                     34,643,953

F.     Unsecured Non-Priority Claims                267,191,735
  
       TOTAL SCHEDULED LIABILITIES                 $954,436,569
       ========================================================

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts. (Interstate Bakeries
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


INTERSTATE BAKERIES: N.E. Bakery's Schedules of Assets & Debts
--------------------------------------------------------------
New England Bakery Distributors, LLC, reports no asset and  
liability.

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts. (Interstate Bakeries
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


INTERSTATE BAKERIES: IBC Sales' Schedules of Assets & Liabilities
-----------------------------------------------------------------

A.     Real Property                                       None

B.     Personal Property
B.1    Cash on Hand                                    $281,243
B.2    Bank Accounts                                 55,759,806
B.3    Security Deposits                                886,875
B.9    Interests in insurance policies             undetermined
B.12   Stock interests                             undetermined
B.15   Accounts receivable                          196,413,528
B.17   Other liquidated debts owed                   29,374,541
B.19   Contingent interests                        undetermined
B.20   Other contingent & unliquidated claims      undetermined
B.21   Patents, copyrights & trademarks             175,793,339
B.22   Other intangibles                              4,890,590
B.23   Automobiles                                   35,571,204
B.26   Office equipment and supplies                 12,821,967
B.27   Machinery, furniture and fixtures            387,736,223
B.28   Inventory                                     69,498,584
B.33   Other personal property                      289,402,312

       TOTAL SCHEDULED ASSETS                    $1,258,430,212
       ========================================================

C.     Property Claimed as Exempt                Not Applicable
  
D.     Secured Claims                              $652,600,881

E.     Unsecured Priority Claims                     34,643,953

F.     Unsecured Non-Priority Claims                267,191,735
  
       TOTAL SCHEDULED LIABILITIES                 $954,436,569
       ========================================================

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts. (Interstate Bakeries
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


INTERSTATE BAKERIES: IBC Services' Schedules of Assets & Debts
--------------------------------------------------------------

A.     Real Property                                       None

B.     Personal Property
B.1    Cash on Hand                                    $281,243
B.2    Bank Accounts                                 55,759,806
B.3    Security Deposits                                886,875
B.9    Interests in insurance policies             undetermined
B.12   Stock interests                             undetermined
B.15   Accounts receivable                          196,413,528
B.17   Other liquidated debts owed                   29,374,541
B.20   Other contingent & unliquidated claims      undetermined
B.21   Patents, copyrights & trademarks             175,793,339
B.22   Other intangibles                              4,890,590
B.23   Automobiles                                   35,571,204
B.26   Office equipment and supplies                 12,821,967
B.27   Machinery, furniture and fixtures            387,736,223
B.28   Inventory                                     69,498,584
B.33   Other personal property                      289,402,312

       TOTAL SCHEDULED ASSETS                    $1,258,430,212
       ========================================================

C.     Property Claimed as Exempt                Not Applicable
  
D.     Secured Claims                              $652,600,881

E.     Unsecured Priority Claims                     34,643,953

F.     Unsecured Non-Priority Claims                267,191,735
  
       TOTAL SCHEDULED LIABILITIES                 $954,436,569
       ========================================================

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts. (Interstate Bakeries
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


INTERSTATE BAKERIES: IBC Trucking's Schedules of Assets & Debts
---------------------------------------------------------------

A.     Real Property                                       None

B.     Personal Property
B.1    Cash on Hand                                    $281,243
B.2    Bank Accounts                                 55,759,806
B.3    Security Deposits                                886,875
B.9    Interests in insurance policies             undetermined
B.12   Stock interests                             undetermined
B.15   Accounts receivable                          196,413,528
B.17   Other liquidated debts owed                   29,374,541
B.20   Other contingent & unliquidated claims      undetermined
B.21   Patents, copyrights & trademarks             175,793,339
B.22   Other intangibles                              4,890,590
B.23   Automobiles                                   35,571,204
B.26   Office equipment and supplies                 12,821,967
B.27   Machinery, furniture and fixtures            387,736,223
B.28   Inventory                                     69,498,584
B.33   Other personal property                      289,402,312

       TOTAL SCHEDULED ASSETS                    $1,258,430,212
       ========================================================

C.     Property Claimed as Exempt                Not Applicable
  
D.     Secured Claims                              $652,600,881

E.     Unsecured Priority Claims                     34,643,953

F.     Unsecured Non-Priority Claims                267,191,735
  
       TOTAL SCHEDULED LIABILITIES                 $954,436,569
       ========================================================

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts. (Interstate Bakeries
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


MIRANT CORP: Earns $17.8 Million of Net Income in August 2004
-------------------------------------------------------------

               Mirant Corporation and Subsidiaries
                    Consolidated Balance Sheet
                      As of August 31, 2004

ASSETS
Cash and cash equivalents                        $1,477,959,678
Accounts receivable - net                         1,002,538,538
Assets from risk management activities              252,444,627
Derivative hedging instruments                                -
Inventories                                         327,136,551
Other                                               503,944,078
                                                ---------------
       Total Current Assets                       3,564,023,472

Property, plant and equipment                     5,316,975,902
Less: accumulated depreciation/depletion            749,569,574
Leasehold interests - net                         1,519,348,884
Construction work in progress                        84,661,632
Investment in suspended construction                356,803,097
                                                ---------------
       Total net property, plant and equipment    6,528,219,941

Investments                                         245,491,844
Long-term accounts receivable - net                  33,964,683
Notes receivable - net                                        -
Assets from risk management activities              187,014,546
Goodwill - net                                      587,304,353
Other intangibles - net                             272,953,373
Derivative hedging instruments                                -
Restricted cash, non-current                        129,933,882
Other long-term assets                                        1
Miscellaneous deferred charges                      378,280,660
                                                ---------------
       Total Non-current Assets                   1,834,943,342
                                                ---------------
TOTAL ASSETS                                    $11,927,186,755
                                                ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
    Debt                                          $1,395,216,672
    Accounts Payable                                 577,949,144
    Liabilities from risk management activities      454,415,945
    Obligations under energy deliveries               97,158,266
    Derivative hedging instruments                             -
    Other                                            393,598,413
    Miscellaneous deferred credits                   538,503,605
                                                 ---------------
       Total postpetition liabilities              3,456,842,045

Prepetition Liabilities                            8,935,985,016
                                                 ---------------
       TOTAL LIABILITIES                          12,392,827,061

EQUITY:
Minority interest in subsidiaries                    170,981,368
Mandatory redeemable securities                                -
Common stock                                           4,056,621
Additional paid-in capital                         4,917,963,428
Retained earnings                                 (5,500,091,232)
Treasury stock, at cost                               (2,260,000)
Accumulated other comprehensive income               (56,290,491)
                                                 ---------------
       Total Equity                                 (465,640,306)
                                                 ---------------
       TOTAL LIABILITIES AND OWNERS' EQUITY      $11,927,186,755
                                                 ===============


               Mirant Corporation and Subsidiaries
                Consolidated Statements of Income
               For the month ending August 31, 2004

REVENUES:
    Generation                                      $342,820,582
    Net trading revenue                                 (186,919)
    Distribution                                      51,867,613
    Other                                                388,353
                                                 ---------------
       Net Revenue                                   394,889,629

OPERATING EXPENSES:
    Energy cost                                      209,788,274
    Operations and maintenance                        70,494,884
    Depreciation and amortization                     25,640,297
    Gain on sale of property and investment               86,168
    Impairment loss                                       13,024
    Restructuring costs                                   21,764
                                                 ---------------
       Total Operating Expenses                      306,044,411
                                                 ---------------
       Income before non-operating income
       and expense                                    88,845,218

OTHER INCOME AND EXPENSES:
    Interest income                                      987,510
    Interest expense                                 (10,820,433)
    Equity in income of affiliates                     1,950,426
    Other                                              5,777,243
    Reorganization items                             (55,523,988)
    Minority interest                                 (2,783,724)
    Net income from discontinued operations             (949,570)
                                                 ---------------
       Total Other Income                            (61,362,536)

Provision for income tax                              (9,696,839)
                                                 ---------------
       NET PROFIT (LOSS)                             $17,785,843
                                                 ===============


                        Mirant Corporation
          Unconsolidated Cash Receipts and Disbursements
               For the month ending August 31, 2004

Cash, beginning of month                            $320,157,775

Non-Operating Receipts:
    Loans & Advances                                   3,117,644
                                                 ---------------
    Total non-operating receipts                       3,117,644
                                                 ---------------
       Total receipts                                  3,117,644
                                                 ---------------
       Total Cash Available                          323,275,419

Operating Disbursements                                        0

Reorganization Expenses                                  471,966
                                                 ---------------
       Total disbursements                               471,966
                                                 ---------------
Net Cash Flow                                          2,645,678
                                                 ---------------
Cash, end of month                                  $322,803,453
                                                 ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- together with its direct and indirect
subsidiaries, generate, sell and deliver electricity in North
America, the Philippines and the Caribbean. Mirant Corporation
filed for chapter 11 protection on July 14, 2003 (Bankr. N.D. Tex.
03-46590). Thomas E. Lauria, Esq., at White & Case LLP,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$20,574,000,000 in assets and $11,401,000,000 in debts. (Mirant
Bankruptcy News, Issue No. 47; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


MIRANT CORP: Posts $83.9 Million Net Loss in September 2004
-----------------------------------------------------------

               Mirant Corporation and Subsidiaries
                    Consolidated Balance Sheet
                     As of September 30, 2004

ASSETS
Cash and cash equivalents                         $1,541,488,478
Accounts receivable - net                            987,645,466
Assets from risk management activities               201,265,708
Derivative hedging instruments                                 -
Inventories                                          284,261,413
Other                                                686,917,480
                                                 ---------------
       Total Current Assets                        3,701,578,545

Property, plant and equipment                      5,145,210,673
Less: accumulated depreciation/depletion             754,346,759
Leasehold interests - net                          1,517,381,893
Construction work in progress                         95,412,652
Investment in suspended construction                 249,730,603
                                                 ---------------
       Total net property, plant and equipment     6,253,389,062

Investments                                          247,221,157
Long-term accounts receivable - net                   37,105,412
Notes receivable - net                                         -
Assets from risk management activities               141,982,270
Goodwill - net                                       587,304,353
Other intangibles - net                              272,138,752
Derivative hedging instruments                                 -
Restricted cash, non-current                         134,986,836
Other long-term assets                                         1
Miscellaneous deferred charges                       429,664,170
                                                 ---------------
       Total Non-current Assets                    1,850,402,951
                                                 ---------------
TOTAL ASSETS                                     $11,805,370,558
                                                 ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
    Debt                                          $1,390,465,427
    Accounts Payable                                 597,946,466
    Liabilities from risk management activities      409,619,028
    Obligations under energy deliveries               80,213,617
    Derivative hedging instruments                             -
    Other                                            407,013,375
    Miscellaneous deferred credits                   543,994,671
                                                 ---------------
       Total postpetition liabilities              3,429,252,584

Prepetition Liabilities                            8,933,222,027
                                                 ---------------
       TOTAL LIABILITIES                          12,362,474,611

EQUITY:
Minority interest in subsidiaries                    168,868,308
Mandatory redeemable securities                                -
Common stock                                           4,056,621
Additional paid-in capital                         4,917,963,428
Retained earnings                                 (5,583,902,783)
Treasury stock, at cost                               (2,260,000)
Accumulated other comprehensive income               (61,829,627)
                                                 ---------------
       Total Equity                                 (557,104,053)
                                                 ---------------
       TOTAL LIABILITIES AND OWNERS' EQUITY      $11,805,370,558
                                                 ===============


               Mirant Corporation and Subsidiaries
                Consolidated Statements of Income
             For the month ending September 30, 2004

REVENUES:
    Generation                                      $242,687,505
    Net trading revenue                                3,676,972
    Distribution                                      41,088,600
    Other                                                484,231
                                                 ---------------
       Net Revenue                                   287,937,308

OPERATING EXPENSES:
    Energy cost                                      157,453,789
    Operations and maintenance                        88,030,456
    Depreciation and amortization                     25,473,550
    Gain on sale of property and investment           64,744,313
    Impairment loss                                    6,731,606
    Restructuring costs                                2,150,310
                                                 ---------------
       Total Operating Expenses                      344,584,024
                                                 ---------------
       Income before non-operating income
       and expense                                   (56,646,716)

OTHER INCOME AND EXPENSES:
    Interest income                                    1,214,121
    Interest expense                                  (9,748,929)
    Equity in income of affiliates                     1,888,939
    Other                                               (364,925)
    Reorganization items                             (16,999,143)
    Minority interest                                    894,996
    Net income from discontinued operations           (3,389,041)
                                                 ---------------
       Total Other Income                            (26,503,982)

Provision for income tax                                (732,484)
                                                 ---------------
       NET PROFIT (LOSS)                            ($83,883,182)
                                                 ===============


                        Mirant Corporation
          Unconsolidated Cash Receipts and Disbursements
             For the month ending September 30, 2004

Cash, beginning of month                            $322,803,453

Non-Operating Receipts:
    Loans & Advances                                 (10,740,306)
                                                 ---------------
    Total non-operating receipts                     (10,740,306)
                                                 ---------------
       Total receipts                                (10,740,306)
                                                 ---------------
       Total Cash Available                          312,063,147

Operating Disbursements                                        0

Reorganization Expenses                                  454,318
                                                 ---------------
       Total disbursements                               454,318
                                                 ---------------
Net Cash Flow                                        (11,194,624)
                                                 ---------------
Cash, end of month                                  $311,608,829
                                                 ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- together with its direct and indirect
subsidiaries, generate, sell and deliver electricity in North
America, the Philippines and the Caribbean. Mirant Corporation
filed for chapter 11 protection on July 14, 2003 (Bankr. N.D. Tex.
03-46590). Thomas E. Lauria, Esq., at White & Case LLP,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$20,574,000,000 in assets and $11,401,000,000 in debts. (Mirant
Bankruptcy News, Issue No. 47; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


MIRANT: MAGi Earns $56.6 Million of Net Income in August 2004
-------------------------------------------------------------

        Mirant Americas Generation, LLC, and Subsidiaries
                   Consolidated Balance Sheets
                      As of August 31, 2004

ASSETS
Cash and cash equivalents                           $467,880,014
Accounts receivable - net                            596,549,410
Assets from risk management activities                65,729,109
Derivative hedging instruments                                 -
Inventories                                           97,381,697
Other                                                112,282,744
                                                 ---------------
       Total Current Assets                        1,339,822,974

Property, plant and equipment                      2,195,545,885
Less: accumulated depreciation/depletion             304,847,430
Construction work in progress                         31,861,120
Investment in suspended construction                 281,336,823
                                                 ---------------
       Total net property, plant and equipment     2,203,896,398

Investments                                               25,000
Long-term accounts receivable - net                   93,900,777
Notes receivable - net                               223,275,000
Assets from risk management activities                24,316,153
Goodwill - net                                                 -
Other intangibles - net                              209,474,924
Derivative hedging instruments                                 -
Restricted cash, non-current                                   -
Other long-term assets                                         -
Miscellaneous deferred charges                       189,883,775
                                                 ---------------
       Total Non-current Assets                      740,875,630
                                                 ---------------
TOTAL ASSETS                                      $4,284,595,001
                                                 ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
    Debt                                                      $0
    Accounts Payable                                 315,871,480
    Liabilities from risk management activities      108,865,148
    Obligations under energy deliveries                        -
    Derivative hedging instruments                             -
    Other                                            141,542,233
    Miscellaneous deferred credits                    15,272,787
                                                 ---------------
       Total postpetition liabilities                581,551,647

Prepetition Liabilities                           3,433,279,154
                                                 ---------------
       TOTAL LIABILITIES                           4,014,830,801

EQUITY:
Minority interest in subsidiaries                        35,002
Mandatory redeemable securities                               -
Common stock                                              1,000
Additional paid-in capital                        3,858,859,716
Retained earnings                                (3,589,131,519)
Accumulated other comprehensive income                        -
                                                 ---------------
       Total Equity                                  269,764,200
                                                 ---------------
       TOTAL LIABILITIES AND OWNERS' EQUITY       $4,284,595,001
                                                 ===============


        Mirant Americas Generation, LLC, and Subsidiaries
                Consolidated Statements of Income
               For the month ending August 31, 2004

REVENUES:
    Generation                                      $248,964,553
    Net trading revenue                                        -
    Other                                                (43,131)
                                                 ---------------
       Net Revenue                                   248,921,422

OPERATING EXPENSES:
    Energy cost                                      139,111,586
    Operations and Maintenance                        36,692,386
    Depreciation and amortization                      7,459,207
    Gain on sale of property and investments                   -
    Impairment Loss                                       13,024
    Restructuring costs                                   10,571
                                                 ---------------
       Total Operating Expenses                      183,286,775
                                                 ---------------
       Income before non-operating income
       and expense                                    65,634,647

OTHER INCOME AND EXPENSES:
    Interest income                                            -
    Interest expense                                    (520,243)
    Other                                                 24,871
    Reorganization items                              (2,873,978)
    Loss from discontinued operations                          -
    Minority interest                                          -
                                                 ---------------
       Total Other Income (expense)                   (3,369,349)

Provision for income tax                             (5,695,833)
                                                 ---------------
       NET PROFIT (LOSS)                             $56,569,465
                                                 ===============


                 Mirant Americas Generation, LLC
          Unconsolidated Cash Receipts and Disbursements
               For the month ending August 31, 2004

Cash, beginning of month                            $113,589,035

Non-Operating Receipts:
    Loans and advances                                16,248,782
    Other                                                      -
                                                 ---------------
       Total non-operating receipts                   16,248,782
                                                 ---------------
       Total receipts                                 16,248,782
                                                 ---------------
       Total Cash Available                          129,837,817

REORGANIZATION EXPENSES:
    Professional fees                                          0
                                                 ---------------
       Total reorganization expenses                           0
                                                 ---------------
       Total disbursements                                     0
                                                 ---------------
Net Cash Flow                                         16,248,782
                                                 ---------------
Cash, end of month                                  $129,837,817
                                                 ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- together with its direct and indirect
subsidiaries, generate, sell and deliver electricity in North
America, the Philippines and the Caribbean. Mirant Corporation
filed for chapter 11 protection on July 14, 2003 (Bankr. N.D. Tex.
03-46590). Thomas E. Lauria, Esq., at White & Case LLP,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$20,574,000,000 in assets and $11,401,000,000 in debts. (Mirant
Bankruptcy News, Issue No. 47; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


MIRANT: MAGi Posts $106 Million Net Loss in September 2004
----------------------------------------------------------

        Mirant Americas Generation, LLC, and Subsidiaries
                   Consolidated Balance Sheets
                     As of September 30, 2004

ASSETS
Cash and cash equivalents                          $524,601,900
Accounts receivable - net                           579,283,273
Assets from risk management activities               92,456,356
Derivative hedging instruments                                -
Inventories                                          95,171,711
Other                                               169,946,087
                                                 ---------------
       Total Current Assets                        1,461,459,327

Property, plant and equipment                     2,197,256,916
Less: accumulated depreciation/depletion            311,421,598
Construction work in progress                        32,505,805
Investment in suspended construction                174,264,331
                                                 ---------------
       Total net property, plant and equipment     2,092,605,454

Investments                                              25,000
Long-term accounts receivable - net                  93,032,632
Notes receivable - net                              223,275,000
Assets from risk management activities               38,574,203
Other intangibles - net                             208,846,184
Derivative hedging instruments                                -
Restricted cash, non-current                          5,052,983
Other long-term assets                                        -
Miscellaneous deferred charges                      182,167,250
                                                 ---------------
       Total Non-current Assets                      750,973,252
                                                 ---------------
TOTAL ASSETS                                     $4,305,038,033
                                                 ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
    Debt                                                      $0
    Accounts Payable                                 350,017,662
    Liabilities from risk management activities      195,129,225
    Obligations under energy deliveries                        -
    Derivative hedging instruments                             -
    Other                                            144,308,403
    Miscellaneous deferred credits                    15,543,356
                                                 ---------------
       Total postpetition liabilities                704,998,646

Prepetition Liabilities                           3,436,361,398
                                                 ---------------
       TOTAL LIABILITIES                           4,141,360,044

EQUITY:
Minority interest in subsidiaries                        35,002
Mandatory redeemable securities                               -
Common stock                                              1,000
Additional paid-in capital                        3,858,859,717
Retained earnings                                (3,695,217,730)
Accumulated other comprehensive income                        -
                                                 ---------------
       Total Equity                                  163,677,989
                                                 ---------------
       TOTAL LIABILITIES AND OWNERS' EQUITY       $4,305,038,033
                                                 ===============


        Mirant Americas Generation, LLC, and Subsidiaries
                Consolidated Statements of Income
             For the month ending September 30, 2004

REVENUES:
    Generation                                      $106,346,280
    Net trading revenue                                        -
    Other                                                 60,370
                                                 ---------------
       Net Revenue                                   106,406,650

OPERATING EXPENSES:
    Energy cost                                       85,675,207
    Operations and Maintenance                        50,014,113
    Depreciation and amortization                      7,462,682
    Gain on sale of property and investments          64,999,308
    Impairment Loss                                            -
    Restructuring costs                                1,653,721
                                                 ---------------
       Total Operating Expenses                      209,805,031
                                                 ---------------
       Income before non-operating income
       and expense                                  (103,398,381)

OTHER INCOME AND EXPENSES:
    Interest income                                            -
    Interest expense                                    (545,030)
    Other                                                200,840
    Reorganization items                              (4,690,556)
    Loss from discontinued operations                          -
    Minority interest                                          -
                                                 ---------------
       Total Other Income (expense)                   (5,034,746)

Provision for income tax                              2,346,915
                                                 ---------------
       NET PROFIT (LOSS)                           ($106,086,212)
                                                 ===============


                 Mirant Americas Generation, LLC
          Unconsolidated Cash Receipts and Disbursements
             For the month ending September 30, 2004

Cash, beginning of month                           $129,837,817

Non-Operating Receipts:
    Loans and advances                                15,766,184
    Other                                                      -
                                                 ---------------
       Total non-operating receipts                   15,766,184
                                                 ---------------
       Total receipts                                 15,766,184
                                                 ---------------
       Total Cash Available                          145,604,001

REORGANIZATION EXPENSES:
    Professional fees                                          0
                                                 ---------------
       Total reorganization expenses                           0
                                                 ---------------
       Total disbursements                                     0
                                                 ---------------
Net Cash Flow                                        15,766,184
                                                 ---------------
Cash, end of month                                 $145,604,001
                                                 ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- together with its direct and indirect
subsidiaries, generate, sell and deliver electricity in North
America, the Philippines and the Caribbean. Mirant Corporation
filed for chapter 11 protection on July 14, 2003 (Bankr. N.D. Tex.
03-46590). Thomas E. Lauria, Esq., at White & Case LLP,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$20,574,000,000 in assets and $11,401,000,000 in debts. (Mirant
Bankruptcy News, Issue No. 47; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


PARMALAT USA: Releases Monthly Operating Report Ended Oct. 23
-------------------------------------------------------------

                      Parmalat USA Corporation
                            Balance Sheet
                       As of October 23, 2004

Assets

Cash & Cash Equivalents                                      $0
Accounts Receivable-Net                                       0
Notes Receivable -Current                                     0
Inventory                                                     0
Prepaid Expenses                                              0
Other Current Assets                                          0
                                                 --------------
Total Current Assets                                          0

Fixed Assets                                                  0
Accumulated Depreciation                                      0
                                                 --------------
Net Fixed Assets                                              0

Other Assets                                        326,253,113
Intercompany Receivables                             24,965,537
                                                 --------------
Total Assets                                       $351,218,650
                                                 ==============

Liabilities Subject to Compromise
   Long Term Debt & Interest                        $19,836,909
   Intercompany payables                            212,783,632
                                                 --------------
Total Liabilities Subject to Compromise             232,620,541

Liabilities
   Accounts Payable                                           0
   Notes & Loans Payable                                      0
   Accrued Expenses                                     876,709
   Intercompany Payables                                      0
                                                 --------------
Total Liabilities                                   233,497,250

Equity
Common Stock                                          1,388,356
Paid In Capital                                     227,962,103
Retained Earnings                                  (110,643,290)
YTD Net Income/(Loss)                                  (985,771)
                                                 --------------
Total Equity                                        117,721,398
                                                 --------------
Total Liabilities & Owners' Equity                 $351,218,648
                                                 ==============


                      Parmalat USA Corporation
                          Income Statement
             From September 19, 2004 to October 23, 2004

Revenues
   Gross sales                                                -
   Less: Returns & discounts                                  -
                                                 --------------
   Net sales                                                 $0

Expenses
   Raw Materials & Ingredients                                -
   Packaging                                                  -
   Direct Labor                                               -
   Power                                                      -
   Freight                                                    -
   Distribution                                               -
   Industrial Depreciation                                    -
   Production Overhead                                        -
   Warehouse (Cooler)                                         -
   Marketing Costs                                            -
   Sales Admin Expenses                                       -
   General Expenses                                           -
   Financial Costs                                      126,933
   Goodwill/trademarks                                   18,226
   Extraordinary                                              -
   Corporate Allocation                                       -
   Depreciation                                               -
   Amortization                                               -
   Income Taxes                                               -
                                                 --------------
   Total Expenses                                       145,159

Reorganization Expenses
   Professional Fees                                          -
   U.S. Trustee Fees                                        250
   Other                                                      -
                                                 --------------
   Total Reorganization Expenses                            250
                                                 --------------
Net Profit (Loss)                                     ($145,409)
                                                 ==============


Parmalat USA Corporation received no cash nor made disbursements
from September 19, 2004, to October 23, 2004.

Headquartered in Wallington, New Jersey, Parmalat USA Corporation
-- http://www.parmalatusa.com/ -- generates more than 7 billion  
euros in annual revenue. The Parmalat Group's 40-some brand
product line includes milk, yogurt, cheese, butter, cakes and
cookies, breads, pizza, snack foods and vegetable sauces, soups
and juices and employs over 36,000 workers in 139 plants located
in 31 countries on six continents. The Company filed for chapter
11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-
11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at
Weil Gotshal & Manges LLP represent the Debtors in their
restructuring efforts. On June 30, 2003, the Debtors listed
EUR2,001,818,912 in assets and EUR1,061,786,417 in debts.
(Parmalat Bankruptcy News, Issue No. 37; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


PARMALAT: Milk Products' October 2004 Monthly Operating Report
--------------------------------------------------------------

                    Milk Products of Alabama, LLC
                            Balance Sheet
                       As of October 23, 2004

Assets

Cash & Cash Equivalents                              $7,633,384
Accounts Receivable-Net                               2,100,489
Inventory                                                     0
Prepaid Expenses                                              0  
Other Current Assets                                  2,164,521
                                                   ------------
Total Current Assets                                 11,898,394

Fixed Assets                                                  0  
Accumulated Depreciation                                      0
                                                   ------------
Net Fixed Assets                                              0

Other Assets                                                  0
Intercompany Receivables                                      0
                                                   ------------
Total Assets                                        $11,898,394
                                                   ============

Liabilities Subject to Compromise
   Accrued Expenses                                     $45,227
   Intercompany payables                              8,338,493
                                                   ------------
Total Liabilities Subject to Compromise               8,383,720

Liabilities
   Accounts Payable                                      48,612
   Accrued Expenses                                     199,526
                                                   ------------
Total Current Liabilities                               248,138

Long Term Notes Payable -- Intercompany                       -
Other                                                 2,847,993
                                                   ------------
Total Long Term Liabilities                           2,847,993

Intercompany Payables                                (9,524,361)
                                                   ------------
Total Liabilities                                     1,955,490

Equity
Retained Earnings                                        18,414
YTD Net Income/(Loss)                                 9,924,490
                                                   ------------
Total Equity                                          9,942,904
                                                   ------------
Total Liabilities & Owners' Equity                  $11,898,394
                                                   ============


                    Milk Products of Alabama, LLC
                          Income Statement
             From September 19, 2004 to October 23, 2004

Revenues
   Gross sales                                       $3,014,095
   Less: Returns & discounts                              2,028
                                                   ------------
   Net sales                                          3,012,067

Expenses
   Raw Materials & Ingredients                        2,232,700
   Packaging                                            259,798
   Direct Labor                                          63,179
   Power                                                 19,434
   Freight                                               93,221
   Industrial Depreciation                                   13
   Production Overhead                                   14,561
   Warehouse (Cooler)                                   138,814
   Marketing Costs                                        7,290
   Sales Admin Expenses                                  20,961
   General Expenses                                     159,991
   Financial Costs                                          769
   Other (Income) Expense                                  (259)
   Extraordinary                                      2,579,466
   Corporate Allocation                                       0
   Income Taxes                                               0
                                                   ------------
   Total Expenses                                     5,589,938

Reorganization Expenses
   Professional Fees                                          -
   U.S. Trustee Fees                                          -
   Other                                            (12,895,738)
                                                   ------------
   Total Reorganization Expenses                    (12,895,738)
                                                   ------------
Net Profit (Loss)                                   $10,317,867
                                                   ============


                    Milk Products of Alabama, LLC
                   Cash Receipts and Disbursements
             From September 19, 2004 to October 23, 2004

Cash - Beginning of Month                              $278,837

Receipts From Operations
   Cash Sales                                                 -

Collection of Accounts Receivable
   Prepetition                                                0
   Postpetition                                       3,697,934
                                                   ------------
   Total Operating Receipts                           3,697,934

Non - Operating Receipts
   Transfers                                         (3,960,564)
   Other                                              9,440,339
                                                   ------------
   Total Non-Operating Receipts                       5,479,775
                                                   ------------
   Total Receipts                                     9,177,709
                                                   ------------
Total Cash Available                                  9,456,546

Operating Disbursements
   Bank Charges                                               -
   Consulting Fees                                    1,791,555
   Ingredients                                                -
   Licenses & Taxes                                           -
   Packaging                                                  -
   Raw Milk                                                   -
   R & M, Parts, Supplies                                     -
   Other                                                 17,704
   Warehouse (Cooler)                                         -
   Marketing Costs                                            -
   Sales Admin Expenses                                       -
   General Expenses                                       4,771
   Title Fees                                            10,785
   Goodwill/trademarks                                        -
   Extraordinary                                              -
   Corporate Allocation                                       -
   Income Taxes                                               -
                                                   ------------
   Total expenses                                     1,824,815

Reorganization Expenses
   Professional Fees                                          -
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                   ------------
   Total Reorganization Expenses                              -
                                                   ------------
Total Disbursements                                   1,824,815
                                                   ------------
Net Cash Flow                                         7,352,894
                                                   ------------
Cash - End of Month                                  $7,631,730
                                                   ============

Headquartered in Wallington, New Jersey, Parmalat USA Corporation
-- http://www.parmalatusa.com/ -- generates more than 7 billion  
euros in annual revenue.  The Parmalat Group's 40-some brand
product line includes milk, yogurt, cheese, butter, cakes and
cookies, breads, pizza, snack foods and vegetable sauces, soups
and juices and employs over 36,000 workers in 139 plants located
in 31 countries on six continents.  The Company filed for chapter
11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-
11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at
Weil Gotshal & Manges LLP represent the Debtors in their
restructuring efforts.  On June 30, 2003, the Debtors listed
EUR2,001,818,912 in assets and EUR1,061,786,417 in debts.
(Parmalat Bankruptcy News, Issue No. 37; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


PARMALAT: Farmland Dairies' October 2004 Monthly Operating Report
-----------------------------------------------------------------


                        Farmland Dairies, LLC
                            Balance Sheet
                       As of October 23, 2004

Assets

Cash & Cash Equivalents                              $6,234,862
Accounts Receivable-Trade                            38,847,473
Accounts Rec.-Securitization                        (36,267,087)
Notes Receivable                                        261,392
Inventory                                            15,708,697
Prepaid Expenses                                     12,239,241
Other Current Assets                                  6,261,735
                                                   ------------
Total Current Assets                                 43,286,313

Fixed Assets                                        210,390,545
Accumulated Depreciation                            116,349,205
                                                   ------------
Net Fixed Assets                                     94,041,340

Other Assets                                         43,808,224
Intercompany Receivables                             69,311,953
                                                   ------------
Total Assets                                       $250,447,830
                                                   ============

Liabilities Subject to Compromise:
   Accounts Payable                                  14,594,549
   Accrued Expenses                                   3,167,370
   Intercompany Payables                             25,318,781
   Capital Lease                                     95,000,000
                                                   ------------
Total Liabilities Subject to Compromise             138,080,700

Liabilities:
   Notes & Loans Payable                                      0
   Capital Leases - Short Term                                0
   Accounts Payable                                  12,003,350
   Accrued Expenses                                  25,892,926
                                                   ------------
Total Current Liabilities                            37,896,276
Notes & Loans Payable                                25,265,341
Capital Leases - Long Term                               41,491
Other                                                 8,389,235
                                                   ------------
Total Long Term Liabilities                          33,696,067

Intercompany Payables                               (82,068,989)
                                                   ------------
Total Liabilities                                   127,604,054

Equity
Paid In Capital                                     161,506,590
Accum Comprehensive Income                           (7,013,988)
Retained Earnings                                    11,323,693
YTD Net Income/(Loss)                               (42,972,519)
                                                   ------------
Total Equity                                        122,843,776
                                                   ------------
Total Liabilities & Owners' Equity                 $250,447,830
                                                   ============


                        Farmland Dairies, LLC
                          Income Statement
             From September 19, 2004 to October 23, 2004

Revenues
   Gross sales                                      $42,731,493
   Less: Returns & discounts                          1,015,421
                                                   ------------
   Net sales                                         41,716,072

Expenses
   Raw Materials & Ingredients                       27,482,798
   Packaging                                          2,811,594
   Direct Labor                                         976,650
   Power                                                545,173
   Freight                                              487,605
   Distribution                                       3,135,816
   Industrial Depreciation                              480,567
   Production Overhead                                2,885,647
   Warehouse (Cooler)                                 2,009,605
   Marketing Costs                                      786,533
   Sales Admin Expenses                                 493,142
   General Expenses                                   1,286,993
   Financial Costs                                    1,379,963
   Goodwill/trademarks                                    8,445
   Extraordinary                                         85,787
   Corporate Allocation                                       0
   Provision for Income Taxes                             8,376
                                                   ------------
   Total Expenses                                    44,864,694

Reorganization Expenses                                 154,120
                                                   ------------
Net Profit (Loss)                                   ($3,302,742)
                                                   ============


                        Farmland Dairies, LLC
                   Cash Receipts and Disbursements
             From September 19, 2004 to October 23, 2004

Cash - Beginning of Month                            $7,216,818

Receipts From Operations
   Cash Sales                                                 0

Collection of Accounts Receivable
   Prepetition                                          238,168
   Postpetition                                      41,006,727
                                                   ------------
   Total Operating Receipts                          41,244,895

Non - Operating Receipts
   Payments from/(to) GE Capital                      3,400,000
   Voided Checks (Prepetition)                                -
   Adjustments                                          (82,851)
   Deposits -- Other                                    335,370
   Transfers                                          3,960,564
                                                   ------------
   Total Non-Operating Receipts                       7,613,083
                                                   ------------
   Total Receipts                                    48,857,978
                                                   ------------
Total Cash Available                                 56,074,796

Operating Disbursements
   Chemicals                                            670,191
   Commissions                                          176,536
   Consulting/Legal                                      94,780
   Co-packing                                           750,960
   Employee & Employee-related expenses               1,205,969
   Equipment Leases                                     477,785
   Freight & Postage                                    287,292
   Fuel                                                 234,446
   Transportation                                       641,587
   Ingredients                                        1,629,158
   Insurance                                          1,118,194
   Lab Fees                                              87,406
   Licenses & Taxes                                      62,029
   Marketing                                             24,553
   Other                                                617,107
   Packaging                                          2,791,413
   Pallets/Cases/Bossies                                319,017
   Milk Producers                                    24,738,276
   Marketing Administrator                              706,012
   Purchased Products                                   705,995
   R & M, Parts, Supplies                             1,214,422
   Raw Milk                                           1,314,997
   Rebates                                              170,188
   Rent                                                 199,110
   Security                                             146,561
   Temporary Labor                                       90,736
   Travel & Entertainment                                43,495
   Utilities                                          1,044,552
   Securitization Payments                            1,211,516
   Payroll                                            4,137,542
   Payroll Taxes                                        707,729
   Voided Checks (Postpetition)                               0
                                                   ------------
   Total expenses                                    47,619,554

Reorganization Expenses
   Professional Fees                                  2,054,715
   U.S. Trustee Fees                                          0
   DIP Interest & Fees                                  195,572
                                                   ------------
   Total Reorganization Expenses                      2,250,287
                                                   ------------
Total Disbursements                                  49,869,841
                                                   ------------
Net Cash Flow                                        (1,011,863)
                                                   ------------
Cash - End of Month                                  $6,204,955
                                                   ============

Headquartered in Wallington, New Jersey, Parmalat USA Corporation
-- http://www.parmalatusa.com/ -- generates more than 7 billion  
euros in annual revenue.  The Parmalat Group's 40-some brand
product line includes milk, yogurt, cheese, butter, cakes and
cookies, breads, pizza, snack foods and vegetable sauces, soups
and juices and employs over 36,000 workers in 139 plants located
in 31 countries on six continents.  The Company filed for chapter
11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-
11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at
Weil Gotshal & Manges LLP represent the Debtors in their
restructuring efforts.  On June 30, 2003, the Debtors listed
EUR2,001,818,912 in assets and EUR1,061,786,417 in debts.
(Parmalat Bankruptcy News, Issue No. 37; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


RELIANCE GROUP: Posts $84.5 Million Net Loss in October 2004
------------------------------------------------------------

RELIANCE GROUP HOLDINGS, INC., et al.   
Unaudited Consolidated Balance Sheet,   
excluding subsidiaries which   
are not Debtors-in-Possession             31-Oct-2004   
_____________________________________     ___________  

ASSETS  

Cash                                      $55,823,000   
Accounts and Notes Receivable              13,090,000   
Prepaid expenses and deposits                 353,000   
Due from Reliance Development Group,   
   less allowance of $59,334,000                    0  
Plant, property & equipment                         -   
                                     ----------------  
      Total Assets                        $69,266,000   
                                     ================  

LIABILITIES & SHAREHOLDERS' DEFICIT  

Liabilities not subject to compromise  
   Postpetition accounts payable           $1,788,000   
   Professional fee holdback payable        2,105,000  
   PBGC administrative claim                3,000,000
Liabilities subject to compromise       1,106,116,000
                                     ----------------   
      Total liabilities                 1,113,009,000   
                                     ----------------  

Shareholders' deficit:  
   Common stock                            11,616,000   
   Additional paid in capital             558,541,000   
   Accumulated deficit                 (1,613,900,000)   
                                     ----------------   
      Total shareholders' deficit      (1,043,743,000)   
                                     ----------------   
      Total liabilities & deficit         $69,266,000  
                                     ================  


RELIANCE GROUP HOLDINGS, INC., et al.   
Unaudited Consolidated Statement of        1-Oct-2004   
Operations, excluding subsidiaries             to   
which are not Debtors-in-Possession       31-Oct-2004   
_____________________________________     ___________  

Revenues                                           $0   
                                     ----------------  

Costs and expenses:   
   Operating and administrative                95,000   
   Pension Plan Actuarial   
     Adjustments and Expenses                       0   
   Depreciation                                     0   
                                     ----------------   
   Total costs and expenses                    95,000   
                                     ----------------  
  
Loss before reorganization items              (95,000)   
                                     ----------------  

Reorganization items:   
   Professional fees                          717,000
   PBGC settlement                         83,798,000   
   Interest earned on accumulated   
      cash resulting from   
      Chapter 11 proceeding                   (81,000)   
                                     ----------------   
   Total reorganization items              84,434,000   
                                     ----------------  
Income Tax benefits                                 0   
                                     ----------------  
Net Income                               ($84,529,000)  
                                     ================  


RELIANCE GROUP HOLDINGS, INC., et al.   
Unaudited Consolidated Statement of        1-Oct-2004   
Cash Flows, excluding subsidiaries             to   
which are not Debtors-in-Possession       31-Oct-2004   
_____________________________________     ___________  

Cash flows from operating activities:  

   Loss from operations before   
      reorganization items                   ($95,000)  
   Adjustments to reconcile loss to   
      net cash provided by   
      operating activities:  
         Income Tax Recovery                        0   
         Depreciation                               0  
   Changes in:  
      Prepaid expenses                              0   
      Postpetition payables                    (7,000)
      Increase in Liabilities   
      subject to compromise                         0   
                                     ----------------   
   Net cash (used) provided by   
       operating activities before   
       reorganization items                  (102,000)   
                                     ----------------  
  
   Operating cash flows from   
      reorganization items:  
         Interest earned                       81,000   
         Application of retainer   
         towards reorganization   
         professional fees                          0   
         Payment of   
         reorganization items              (1,011,000)
                                     ----------------  
   Net cash used by   
      reorganization items                   (930,000)   
                                     ----------------   
   Net cash used by   
      operating activities                 (1,032,000)   
                                     ----------------  

Cash flows from investing activities:  
   Receipt from Reliance   
   Development Group                                0   
                                     ----------------   
      Net cash provided by   
         investing activities                       0   
                                     ----------------  

Cash flow from financing activities:   
   Proceeds of split dollar policies                0   
                                     ----------------   
      Net cash provided by   
         financing activities                       0   
                                     ----------------  
  
Net increase in cash                       (1,032,000)  
Cash at beginning of period                56,855,000  
                                     ----------------   
Cash at end of period                     $55,823,000   
                                     ================

Headquartered in New York, New York, Reliance Group Holdings, Inc.
-- http://www.rgh.com/-- is a holding company that owns 100% of  
Reliance Financial Services Corporation. Reliance Financial, in
turn, owns 100% of Reliance Insurance Company. The holding and
intermediate finance companies filed for chapter 11 protection on
June 12, 2001 (Bankr. S.D.N.Y. Case No. 01-13403) listing
$12,598,054,000 in assets and $12,877,472,000 in debts. The
insurance unit is being liquidated by the Insurance Commissioner
of the Commonwealth of Pennsylvania. (Reliance Bankruptcy News,
Issue No. 64; Bankruptcy Creditors' Service, Inc., 215/945-7000)


RELIANCE GROUP: RIC Liquidator's Third Quarter Status Report
------------------------------------------------------------
M. Diane Koken, Insurance Commissioner of the Commonwealth of   
Pennsylvania, issues a Status Report on the Liquidation of   
Reliance Insurance Company for the Third Quarter 2004.  

In her capacity as RIC Liquidator, Ms. Koken reports that, at the   
end of the third quarter 2004, the estate held $5,718,800,000 in   
assets.  The most significant balance was $3,448,700,000,   
relating to reinsurance receivables and future reinsurance  
recoverables.  This figure was reduced from a $3,600,000,000   
estimate in the Second Quarter Report.  Total liabilities are   
estimated at $8,775,700,000, with the most significant balance,   
$5,219,200,000, attributable to loss and loss adjustment expenses   
on direct business.

The Statement reflects $1,440,100,000 in losses and loss  
adjustment expenses paid by Guaranty Associations.  These figures  
include data reported to the estate through an automated  
interface on a time lag basis.  Since not all states were  
reporting through this system at the end of the quarter, actual  
payments by GAs are higher.  This value includes $1,285,000,000  
in losses and loss adjustment expenses on assumed reinsurance  
business, which are Class C general creditor claims.  The net  
deficit produced is $3,036,900,000.

Short and intermediate duration marketable investments increased   
from $464,300,000 to $692,300,000 at the end of the period.   
Reinsurance collections, the primary source of funds, totaled   
$242,900,000.  The estate paid $38,400,000 in early access   
payments to the GAs.  Loss adjustment expenses were $2,600,000.   
Operating expenses were $88,900,000, including $28,400,000 in GA  
reimbursed expenses.

At June 30, 2004, RIC held Symbol Technologies common stock   
worth $137,900,000.  At November 12, 2004, the market value of  
the stock was $15.24 per share.  RIC will continue to sell shares  
as appropriate, depending on market conditions.

RIC estimates current and future premium receivables at  
$123,400,000.  This includes receivables arising from large   
deductible policies billed in 2003 whose ownership is disputed.

At June 30, 2004, reinsurance receivables and recoverables  
totaled $3,448,700,000, down by $200,000,000.  RIC holds about   
$1,100,000,000 in collateral as security.  Total reinsurance   
collections in the first six months of 2004 amounted to   
$242,900,000.  Collections since the date of liquidation total  
$829,100,000.

The inventory of billed reinsurance receivables is $793,200,000  
as of June 30, 2004.  Of this amount, approximately $236,000,000  
relates to pre-liquidation balances.  This balance consists of  
amounts in both formal and informal dispute, amounts available to  
reinsurers as legitimate offsets and balances due from insolvent  
and financially distressed companies.  

Data feeds from the Guaranty Associations providing paid and   
outstanding claim information were loaded into RIC's systems in   
April 2003.  The GA data plus the Notices of Determination   
generated about $875,000,000 of post-liquidation billings, of   
which $557,000,000 was unpaid at June 30, 2004.  The amount   
collected will ultimately be much lower due to disputes, offsets   
and insolvencies.

RIC is aggressively attempting to collect reinsurance billings   
and is in constant contact with its major reinsurers.  Formal   
dispute resolution actions continue against several of the   
reinsurers with substantial overdue balances, including various  
Underwriters at Lloyd's and Houston Casualty Company.  RIC  
expects these disputes to be resolved within the next six to 12  
months.  The current arbitration with John Hancock Life Insurance  
Company was resolved through a commutation now pending approval  
by the Commonwealth Court of Pennsylvania.  Thus far in 2004, RIC  
completed 26 on-site reinsurance audits at various GAs.  

Ms. Koken advises that reinsurer financial strength is a problem   
and will continue to be a major concern for the duration of the   
RIC liquidation proceedings.  RIC is monitoring the financial   
condition of its major reinsurers and will attempt to settle its   
overall exposure with distressed companies through commutation.   
However, significant write-offs for uncollectible reinsurance are   
expected, Ms. Koken says.  

At September 30, 2004, RIC had a total of 373 employees in both  
the Philadelphia and New York City offices.  Since January 2004,   
staff has been reduced in most areas with a net decrease of 59   
employees.  

The Liquidator has devoted considerable resources to general   
asset recovery through numerous plaintiff actions to recover   
assets owed to the estate.  These include litigation and   
arbitration for:  

   (1) collections from agencies, TPAs, brokers or program   
       managers -- approximately $27,000,000 sought;
  
   (2) claims in bankruptcy against financially distressed   
       insureds -- approximately $120,000,000 sought;  

   (3) subrogation matters -- approximately $30,000,000 sought;  

   (4) premium and large deductible collections -- approximately   
       $27,000,000 sought;  

   (5) reinsurance recoveries -- approximately $175,000,000   
       sought; and  

   (6) other litigation -- approximately $9,000,000 sought.  

Thus far in 2004, the Liquidator recovered more than $46,200,000  
through legal actions.  

Through September 30, 2004, RIC received 156,510 proofs of claim,  
of which 3,088 were filed after the deadline.  The number of  
claims declined slightly from the second quarter because  
duplicate claims were identified and inactivated.  RIC mailed  
167,410 status letters and issued 41,618 Notices of  
Determination.  Some claims have received more than one status  
letter as the evaluation of their claim progressed.  Through  
September 30, 2004, the Liquidator has allowed $217,800,000 for  
all NODs issued.  The Liquidator has received 372 objections to  
the NODs.  Of those objections, over 100 have been resolved and  
269 are in the objection resolution process.  Referees have been  
assigned to 229 objections.  

The Liquidator has established a process to review requests for   
the release of collateral held to secure obligations for direct   
insureds, reinsurers and premium receivables.  As of June 30,   
2004, RIC held collateral of approximately $2,000,000,000 to   
secure current and future obligations.  For the nine months ended   
June 30, 2004, 160 accounts were reviewed, resulting in the   
release of $106,900,000 in collateral for 110 accounts, denials   
issued for 18 accounts, and other resolutions for 32 accounts.

A committee was established to review and recommend action for  
cut-through requests.  Since implementation of the guidelines, 26  
cut-through requests have been submitted to the Liquidator.  Of  
these, 15 have been approved, 8 were disapproved, 2 were  
withdrawn and 1 is pending.  
  
           Reliance Insurance Company (In Liquidation)   
                  Special Purpose Balance Sheet   
                        At June 30, 2004

Assets
  Short-term Investments                      $692,300,000   
  Symbol Technologies Common Stock             137,900,000   
  Non-liquid Investments                        19,100,000   
  Investments in Trust - Secured Creditors     308,200,000   
  Real Estate Investments                       27,300,000   
                                           ---------------  
  Invested Assets                            1,184,800,000  

  Investments in Affiliates                     83,000,000   
                                           ---------------   
Total Invested Assets                        1,267,800,000  

  Premium Balances                             123,400,000   
  Reinsurance Receivable                       793,200,000   
  Reinsurance Recoverable                    2,655,500,000   
  Early Access to Guaranty Associations        831,300,000   
  Other Assets                                  47,600,000   
                                           ---------------   
Total Assets                                $5,718,800,000   
                                           ===============  

Liabilities  
  Loss & Loss Adjustment Expenses - GAs      1,440,100,000   
  Loss & Loss Adjustment Expenses - Direct   5,219,200,000   
  Loss & Loss Adjustment Expenses - Assumed  1,285,000,000   
  Funds Held                                   430,200,000   
  Other Liabilities                            381,200,000   
                                           ---------------   
Total Liabilities                            8,755,700,000   
                                           ---------------   
Net Deficit                                ($3,036,900,000)   
                                           ===============

  
           Reliance Insurance Company (In Liquidation)   
                     Statement of Cash Flow   
                January 1, 2004 to June 30, 2004
  
Beginning Balance                             $464,300,000  

Sources:   
  Reinsurance Collections                      242,900,000   
  Premium Collections                           12,600,000   
  Subrogation Recoveries                         9,200,000  
  Sale Proceeds from RCG Moody Int'l            48,000,000  
  RGH Settlement                                45,300,000   
  Released From Trust                           12,500,000   
  Symbol Technologies Stock Sales               18,200,000   
  Investment Appreciation                        2,400,000   
  Other                                          1,900,000   
                                           ---------------   
Total Sources                                  393,000,000   
                                           ---------------  

Uses:  
  Early Access to GAs                          (38,400,000)   
  Loss & Loss Adjustment Expenses               (2,600,000)   
  Operating Expenses                           (88,900,000)   
  Net Checks Cashed But Issued                 (35,100,000)   
                                           ---------------   
Total Uses                                    (165,000,000)   
                                           ---------------  
  
Net Increase in Funds                          228,000,000  

Ending Balance                                $692,300,000   
                                           ===============

Headquartered in New York, New York, Reliance Group Holdings, Inc.
-- http://www.rgh.com/-- is a holding company that owns 100% of  
Reliance Financial Services Corporation. Reliance Financial, in
turn, owns 100% of Reliance Insurance Company. The holding and
intermediate finance companies filed for chapter 11 protection on
June 12, 2001 (Bankr. S.D.N.Y. Case No. 01-13403) listing
$12,598,054,000 in assets and $12,877,472,000 in debts. The
insurance unit is being liquidated by the Insurance Commissioner
of the Commonwealth of Pennsylvania. (Reliance Bankruptcy News,
Issue No. 64; Bankruptcy Creditors' Service, Inc., 215/945-7000)


TRUMP HOTELS: Trump Casino Funding's Schedules of Assets & Debts
----------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.2    Bank Account                                         822

       TOTAL SCHEDULED ASSETS                              $822
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims
          U.S. Bank, N.A.
             Trump Casino Holdings $425 million     425,000,000
                11-5/8% First Priority Notes
                Due 2010
             Trump Casino Holdings $65 million       68,800,000
                17-5/8% Second Priority Mortgage
                Notes Due 2010

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims                    Unknown

       TOTAL SCHEDULED LIABILITIES                 $495,922,307
       ========================================================

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). Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts. 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.


TRUMP HOTELS: Trump Casino Holdings' Schedules of Assets & Debts
----------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.2    Bank Account
          Credit Suisse First Boston -- Investment    3,142,130
          Other                                          58,790
B.12   Stock interests                                  Unknown
B.13   Interests in partnerships or joint venture       Unknown
B.15   Accounts receivable
          Intercompany Receivables
             Trump Indiana, Inc.                     50,557,550
             Trump Marina Associates, L.P.          340,469,746
             Other                                       53,808
B.33   Other personal property                              913

       TOTAL SCHEDULED ASSETS                      $343,701,072
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims
          U.S. Bank, N.A.
             Trump Casino Holdings $425 million     425,000,000
                11-5/8% First Priority Notes
                Due 2010
             Trump Casino Holdings $65 million       70,922,307
                17-5/8% Second Priority Mortgage
                Notes Due 2010

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims                     82,062

       TOTAL SCHEDULED LIABILITIES                 $496,004,369
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: Trump Indiana Casino's Schedules of Assets & Debts
----------------------------------------------------------------
Trump Indiana Casino Management, LLC, reports no asset and
liability.

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: Trump Indiana Realty's Schedules of Assets & Debts
----------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property                                      0

       TOTAL SCHEDULED ASSETS                                $0
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim
          U.S. Bank, N.A.
             Guaranty of Trump Casino Holdings     $425,000,000
             $425 million 11-5/8% First Priority
             Notes Due 2010

             Guaranty of Trump Casino Holdings      $70,922,307
             $65 million 17-5/8% Second Priority
             Mortgage Notes Due 2010
             
E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims                    Unknown

       TOTAL SCHEDULED LIABILITIES                 $495,922,307
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: Trump Internet Casino's Schedules of Assets & Debts
-----------------------------------------------------------------
Trump Internet Casino, LLC, does not own any real or personal
property.  Trump Internet Casino reports no liability.

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: Trump Marina Associates' Schedules of Assets & Debts
------------------------------------------------------------------

A.     Real Property
          Trump Marina Hotel Casino                $406,030,000
          Trump Marina Hotel Casino Parking Lot       4,687,900

B.     Personal Property
B.1    Cash on Hand
          House Funds - Hotel                           357,649
          House Funds - Casino                       11,905,257
          House Funds - Other                         5,734,198
B.2    Bank Account
          Bank of America                               (83,479)
          Commerce Bank, NA
             Main Operating Account                   6,470,853
             Investment Sweep                         1,920,216
             Casino Deposits                          3,440,199
             Other                                     (336,649)
B.3    Security Deposits
          Repairs & Dock Maintenance Escrow           1,211,300
             per Lease Agreement -- New Jersey
          Security Deposit, Interest --
             PDS Gaming Corporation                   1,437,229
          Other                                         443,849
B.4    Household goods                                        0
B.5    Books, art work & collectibles                         0
B.6    Wearing apparel                                        0
B.7    Furs and jewelry                                       0
B.8    Firearms and sporting goods                            0
B.9    Interests in insurance policies
          Prepaid Insurance Accounts                    774,294
          Insurance Collateral Accounts               1,552,819
B.10   Annuities                                              0
B.11   Interests in retirement plans                          0
B.12   Stock interests                                        0
B.13   Interests in partnerships or joint venture             0
B.14   Bonds
          CRDA Bonds                                  3,792,759
          Deposits with CRDA                          6,437,914
          Valuation Allowance on Bonds/Deposits      (3,726,641)
B.15   Accounts receivable
          Casino Receivables, net                     6,027,564
          Hotel Receivables, net                      1,103,335
          Other Receivables                           1,254,235
          Intercompany Receivables                       24,310
B.16   Alimony                                                0
B.17   Other liquidated debts owed                            0
B.18   Equitable and future interests                         0
B.19   Contingent interests                                   0
B.20   Other contingent & unliquidated claims                 0
B.21   Patents, copyrights & trademarks                 Unknown
B.22   Other intangibles                                Unknown
B.23   Automobiles                                       29,890
B.24   Boats                                                  0
B.25   Aircraft                                               0
B.26   Office equipment and supplies                 29,494,021
B.27   Machinery, furniture and fixtures
B.28   Inventory                                      3,172,076
B.29   Animals                                                0
B.30   Crops                                                  0
B.31   Farming equipment                                      0
B.32   Farm supplies                                          0
B.33   Other personal property
          Prepaid expenses                            3,955,988

       TOTAL SCHEDULED ASSETS                      $497,111,087
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims
          IGT, Inc.                                   1,026,966
          PDS Gaming Corporation                     12,842,932
          U.S. Bank, N.A.
             Guaranty of Trump Casino Holdings      425,000,000
                $425 million 11-5/8% First
                Priority Notes Due 2010
             Guaranty of Trump Casino Holdings       68,800,000
                $65 million 17-5/8% Second
                Priority Mortgage Notes Due 2010

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          IGT, Inc.                                   1,219,338
          Trump Casino Holdings, LLC                340,469,746
          Trump Taj Mahal Associates                  5,957,643
          Other Trade and Unsecured Claims            9,312,543

       TOTAL SCHEDULED LIABILITIES                 $865,102,418
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: Trump Plaza Associates' Schedules of Assets & Debts
-----------------------------------------------------------------

A.     Real Property
          Properties in New Jersey                  $98,809,091
          Trump Plaza Hotel & Casino Building       264,391,139

B.     Personal Property
B.1    Cash on hand
          Cash on Floor-Bill Changers                 4,116,921
          Window Banks Charge                        11,357,643
          Other                                         379,519
B.2    Bank Accounts
          Fleet Bank                                    (43,238)
          Commerce Bank
             Main Operating Account                  11,211,421
             Payroll                                 (4,092,845)
             Casino Deposits                          2,225,735
             Other                                     (189,004)
B.3    Security Deposits                              1,164,110
B.5    Collectibles                                     309,356
B.9    Interests in Insurance Policies
          Various Prepaid Insurance Accounts          1,668,994
          Insurance Collateral Account                1,439,150
B.13   Interests in partnerships or joint venture       Unknown
B.14   Government and Corporate Bonds
          CRDA Bonds                                  5,753,178
          Deposits with CRDA                         12,971,419
          Valuation Allowance                        (8,079,061)
B.15   Accounts Receivable
          Casino Receivables, net                     6,846,073
          Hotel Receivables                             641,454
          Credit Card Receivables                       224,490
          Other Accounts Receivable                   1,264,215
          Intercompany Receivables                          969
B.20   Other Contingent & Unliquidated Claims
          Real Estate Tax Claim - Atlantic City       8,013,817
B.21   Intellectual Property                            Unknown
B.22   Other Intangibles                                Unknown
B.23   Vehicles                                         503,454
B.26   Office Equipment                              23,907,240
B.28   Inventory
          Inventory at hotel and casino               1,852,804
          Inventory at warehouse                        290,213
B.33   Other Personal Property
          Prepaid Licenses and Taxes                  3,381,853
          Prepaid Sewerage Costs                        256,753
          Prepaid Marketing                           1,917,494
          Other Prepayments                             121,245

       TOTAL SCHEDULED ASSETS                      $452,614,633
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Creditors Holding Secured Claim
          IGT, Inc.                                   1,086,232
          PDS Gaming Corporation                     18,733,850
          U.S. Bank National Association          1,300,000,000
          Others                                      2,053,799

E.     Unsecured Priority Claims                        529,458

F.     Unsecured Non-Priority Claims
          Thermal Energy Limited                      1,528,204
          Trump Atlantic City Associates            471,928,445
          Trump Plaza Funding, Inc.                   3,822,005
          Trump Taj Mahal Associates                  4,705,407
          Other                                      15,192,370

       TOTAL SCHEDULED LIABILITIES               $1,819,692,119
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: Plaza Funding Inc.'s Schedules of Assets & Debts
--------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.2       Bank Account                                    2,000
B.15      Accounts Receivable -- Trump Taj Mahal      3,822,005

       TOTAL SCHEDULED ASSETS                        $3,824,005
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim                                         $0

E.     Unsecured Priority Claims                        Unknown

F.     Unsecured Non-priority Claims                          0

       TOTAL SCHEDULED LIABILITIES                           $0
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: TAC Associates' Schedules of Assets & Liabilities
---------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.2    Bank Account
          Credit Suisse First Boston -- Investment    1,458,404
          Other                                           6,720
B.12   Stock interests                                  Unknown
B.13   Interests in partnerships or joint venture       Unknown
B.15   Accounts receivable
          Intercompany Receivables
             Trump Plaza Associates                 471,928,446
             Trump Taj Mahal Associates             847,007,111
B.33   Other personal property                           18,254

       TOTAL SCHEDULED ASSETS                    $1,320,418,936
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims
          U.S. Bank, N.A.
             TAC Associates $1.2 billion          1,200,000,000
                11-1/4% First Mortgage
                Priority Notes Due 2006
             TAC Associates $75 million              75,000,000
                11-1/4% First Mortgage
                Notes Due 2006
             TAC Associates $25 million              25,000,000
                11-1/4% First Mortgage
                Notes Due 2006

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          Trump Hotels & Casino Resorts, Inc.         7,323,922
          Trump Taj Mahal Associates                 10,257,112

       TOTAL SCHEDULED LIABILITIES               $1,317,581,034
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: TAC Funding Inc.'s Schedules of Assets & Debts
------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.2    Bank account                                       1,971

       TOTAL SCHEDULED ASSETS                            $1,971
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim
          US Bank NA -- TAC Associates           $1,200,000,000
          $1.2 billion 11-1/4% First Mtg
          Priority Notes due 2006

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims                    Unknown

       TOTAL SCHEDULED LIABILITIES               $1,200,000,000
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: TAC Funding II's Schedules of Assets & Debts
----------------------------------------------------------

A.     Real Property                                          0

B.     Personal Property
B.2    Bank Accounts                                       $177

       TOTAL SCHEDULED ASSETS                              $177
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Creditors Holding Secured Claim
          U.S. Bank, N.A. -- Guaranty of TAC        $75,000,000
          Associates $75 million 11-1/4% First
          Mortgage Notes due 2006

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims                    Unknown

       TOTAL SCHEDULED LIABILITIES                  $75,000,000
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: TAC Funding III's Schedules of Assets & Debts
-----------------------------------------------------------

A.     Real Property                                          0

B.     Personal Property
B.2    Bank Accounts                                        $49

       TOTAL SCHEDULED ASSETS                               $49
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Creditors Holding Secured Claim
          U.S. Bank, N.A. -- Guaranty of TAC        $25,000,000
          Associates $25 million 11-1/4% First
          Mortgage Notes due 2006

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims                    Unknown

       TOTAL SCHEDULED LIABILITIES                  $25,000,000
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: TAC Holding Inc.'s Schedules of Assets & Debts
------------------------------------------------------------
Trump Atlantic City Holding, Inc., has no real property.  Trump
Atlantic City Holding has a $1,194 account at Commerce Bank.

TAC Holding has a 1% general partnership interest in Trump
Atlantic City Associates.  The value of the interest is unknown.

TAC Holding reports zero liability.

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: Taj Mahal Associates' Schedules of Assets & Debts
---------------------------------------------------------------

A.     Real Property
          Trump Taj Mahal Casino Resort            $697,296,878
          Taj Mahal Warehouse                           785,906

B.     Personal Property
B.1    Cash on hand
          Hotel Cashiering                              390,605
          Casino Cage                                15,562,275
          Master Coin Bank                           13,399,251
          Slot Hoppers                                1,055,150
          Bill Changers                               5,881,958
B.2    Bank Accounts
          Commerce National Bank
             Concentration                            2,165,713
             Reinvestment                            26,817,811
             Casino Depository                        1,121,361
             Cage Disbursements                      (1,406,250)
             Concentration Ad                         1,335,888
             Accounts Payable                       (21,676,376)
             Others                                    (510,113)
          Fleet National Bank                          (382,359)
          Sun National Bank                              67,511
B.3    Security Deposits
          Slot Lease Deposits -- PDS Gaming Corp.     2,139,878
          Other                                       1,217,180
B.9    Interests in Insurance Policies
          Various Prepaid Insurance Accounts          1,476,460
          Insurance Collateral Accounts
             American Insurance Services Group          640,519
             CNA Insurance Companies                  1,604,373
             Chubb Group of Insurance Co.               168,280
             Zurich Insurance Co.                       468,185
B.14   Government and Corporate Bonds
          CRDA Investment Bonds                       4,191,847
          Deposits with CRDA                         22,046,533
          Retail Entertainment Project Commitment    (5,526,803)
          Valuation Allowance                        (7,147,033)
B.15   Accounts Receivable
          Casino Patron Markers                      12,489,117
          Other Accounts Receivable                   2,610,355
          Intercompany Receivables
             Trump Atlantic Associate                10,257,112
             Trump Organization                           1,974
             Trump Plaza Associates                   4,705,903
             Trump Marina Associates                  6,139,096
B.21   Intellectual Property                            Unknown
B.22   Other Intangibles                                Unknown
B.23   Vehicles                                         105,757
B.26   Office Equipment                              50,661,405
B.28   Inventory
          Inventory at hotel and casino               3,035,186
          Inventory at warehouse                      1,714,660
B.33   Other Personal Property
          Prepaid Slot Machine License Fee            1,473,000
          Prepaid Real Estate Taxes                   3,909,921
          New Jersey Horseracing Tax                    498,704
          Other Prepaid Expenses                      2,380,569

       TOTAL SCHEDULED ASSETS                      $863,167,387
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim
          Avaya Financial                            $1,012,314
          IGT, Inc.                                   1,079,514
          Par-4, Inc.                                 2,069,605
          PDS Gaming Corporation                     27,963,323
          U.S. Bank National Association          1,300,000,000
          Others                                      2,520,463

E.     Unsecured Priority Claims                      1,575,827

F.     Unsecured Non-priority Claims
          Thermal Energy Limited                      1,142,888
          Trump Atlantic City Associates            826,492,888
          Trump Hotels & Casino Resorts               3,741,274
          Others                                     15,101,272

       TOTAL SCHEDULED LIABILITIES               $2,182,699,368
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR Development Co.'s Schedules of Assets & Debts
----------------------------------------------------------------
Trump Hotels & Casino Resorts Development Company, LLC, does not
own any real or personal property.  THCR Development Company
reports no liability.

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR Enterprises Inc.'s Schedules of Assets & Debts
-----------------------------------------------------------------
THCR Enterprises, Inc. has no real property.  THCR Enterprises,
Inc., holds a 1% membership interest in THCR Enterprises, LLC.  
The value of that interest is unknown.

THCR Enterprises, Inc., reports no liability.

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). Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts. 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.


TRUMP HOTELS: THCR Enterprises LLC's Schedules of Assets & Debts
----------------------------------------------------------------
THCR Enterprises, LLC, has no real property.  THCR Enterprises,
LLC, owns investment accounts, aggregating $3,419, at Credit
Suisse First Boston.

THCR Enterprises, LLC, also holds 3% treasury stock in Trump
Hotels & Casino Resorts, Inc.  The value of the Debtor's interest
in the stock is unknown.

THCR Enterprises, LLC, reports no liability.

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR Funding Inc.'s Schedules of Assets & Debts
-------------------------------------------------------------
Trump Hotels & Casino Resorts Funding, Inc.'s assets consist of a
$100 depository account at Chase Manhattan Bank and a $604
interest-bearing escrow account for Senior Secured Notes due
2005, which it holds jointly with Trump Hotels & Casino Resorts
Holdings, L.P.

THCR Funding Inc. reports zero liability.

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR Holding Corp.'s Schedules of Assets & Debts
--------------------------------------------------------------
THCR Holding Corporation's assets consist of a $100 account at
Commerce Bank and a 100% ownership interest in THCR/LP
Corporation.  The current market value of that interest is
unknown.

THCR Holding Corporation reports no liabilities.

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR Holdings LP's Schedules of Assets & Debts
------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.2    Bank account                                       3,914
B.12   Stock Interests                                  Unknown
B.13   Interests in partnership and joint ventures      Unknown
B.15   Accounts receivable
          Trump Casino Services                       5,730,235
          Trump Atlantic City Associates              7,323,992
          Trump Casino Holdings, LLC                     82,063
B.21   Intellectual property                            Unknown

       TOTAL SCHEDULED ASSETS                       $13,140,204
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim                                         $0

E.     Unsecured Priority Claims                        Unknown

F.     Unsecured Non-priority Claims                     25,223

       TOTAL SCHEDULED LIABILITIES                      $25,223
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR Inc.'s Schedules of Assets & Debts
-----------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.2    Bank account
          Chase Manhattan Bank, NA                       13,923
          Commerce Bank                                  25,250
          Credit Suisse First Boston                     19,569
          US Bank                                           604
B.9    Interests in insurance policies                   29,367
B.12   Stock Interests                                  Unknown
B.13   Interests in partnership and joint ventures      Unknown
B.15   Accounts receivable
          Trump Taj Mahal Associates                  3,741,274
          Trump Marina Associates, LP                   187,500
          Intercompany Receivables                      415,964
B.25   Aircraft and accessories                         628,672
B.26   Office equipment and supplies                     24,032
B.33   Other personal property                          149,021

       TOTAL SCHEDULED ASSETS                        $5,235,176
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim                                         $0

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims                          0

       TOTAL SCHEDULED LIABILITIES                           $0
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR LP Corp.'s Schedules Of Assets & Debts
---------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on Hand                                           0
B.2    Bank Account                                           2
B.3    Security Deposits                                      0
B.4    Household goods                                        0
B.5    Books, art work & collectibles                         0
B.6    Wearing apparel                                        0
B.7    Furs and jewelry                                       0
B.8    Firearms and sporting goods                            0
B.9    Interests in insurance policies                        0
B.10   Annuities                                              0
B.11   Interests in retirement plans                          0
B.12   Stock interests                                        0
B.13   Interests in partnerships or joint venture       unknown
B.14   Bonds                                                  0
B.15   Accounts receivable                                    0
B.16   Alimony                                                0
B.17   Other liquidated debts owed                            0
B.18   Equitable and future interests                         0
B.19   Contingent interests                                   0
B.20   Other contingent & unliquidated claims                 0
B.21   Patents, copyrights & trademarks                       0
B.22   Other intangibles                                      0
B.23   Automobiles                                            0
B.24   Boats                                                  0
B.25   Aircraft                                               0
B.26   Office equipment and supplies                          0
B.27   Machinery, furniture and fixtures                      0
B.28   Inventory                                              0
B.29   Animals                                                0
B.30   Crops                                                  0
B.31   Farming equipment                                      0
B.32   Farm supplies                                          0
B.33   Other personal property                                0

       TOTAL SCHEDULED ASSETS                                $2
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                                         0

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims                          0

       TOTAL SCHEDULED LIABILITIES                           $0
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR Mgt. Holding's Schedules of Assets & Debts
-------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.12   Stock Interests                                  Unknown

       TOTAL SCHEDULED ASSETS                                $0
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim
          U.S. Bank, N.A.
             Guaranty of Trump Casino              $425,000,000
             $425 million 11-5/8% First
             Priority Notes due 2010

             Guaranty of Trump Casino                70,922,307
             $65 million 17-5/8% Second
             Priority Mortgage Notes
             due 2010

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims                    Unknown

       TOTAL SCHEDULED LIABILITIES                 $495,922,307
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: THCR Ventures, Inc.'s Schedules of Assets & Debts
---------------------------------------------------------------
THCR Ventures, Inc.'s asset consists of a 1% membership interests  
in Trump Hotels & Casino Resorts Development Company, LLC, and  
Trump Internet Casino, LLC.  The value of those interests is  
unknown.  
  
THCR Ventures reports zero liability.  
  
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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


TRUMP HOTELS: Trump Atlantic City's Schedules of Assets & Debts
---------------------------------------------------------------

A.     Real Property                                          0

B.     Personal Property
B.2    Bank Accounts                                    $27,023
B.13   Interests in Partnerships                        Unknown

       TOTAL SCHEDULED ASSETS                           $27,023
       ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Creditors Holding Secured Claim
          U.S. Bank, N.A.
             Guaranty of TAC Associates          $1,200,000,000
             $1.2 billion 11-1/4% First
             Mortgage Priority Notes due 2006

             Guaranty of TAC Associates              75,000,000
             $75 million 11-1/4% First
             Mortgage Notes due 2006

             Guaranty of TAC Associates              25,000,000
             $25 million 11-1/4% First
             Mortgage Notes due 2006

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims                    Unknown

       TOTAL SCHEDULED LIABILITIES               $1,300,000,000
       ========================================================

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).  Robert A. Klymman, Esq., Mark A. Broude, Esq.,
John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles
Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl,
Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A.,
represent the Debtors in their restructuring efforts.  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.


UAL CORPORATION: Posts $114 Million Net Loss in October 2004
------------------------------------------------------------
UAL Corporation (OTCBB: UALAQ.OB), the holding company whose
primary subsidiary is United Airlines, filed its October Monthly
Operating Report with the United States Bankruptcy Court for the
Northern District of Illinois.  The company reported an operating
loss of $65 million for October 2004.  Mainline passenger unit
revenue was flat year-over-year.  Unit costs were up 9% over last
year.  Excluding fuel, unit costs improved 1% year-over-year.  The
company reported a net loss of $114 million, including $14 million
in reorganization expenses.

United continued to deliver strong operational results in October,
with an on-time: 14 arrival performance rate of 83.2% and a load
factor of 77.8%.  Employees also exceeded the company's goals for
October for customer satisfaction, as measured by definite intent
to repurchase.

"We are continuing to do the hard work that is necessary to
prepare United for a successful exit from bankruptcy and
operational performance remains high despite the challenges.   
However, United's urgent need to further reduce costs is unchanged
as we continue to face fares at 12-year lows, oil at record highs
and no pricing power," said Jake Brace, executive vice president
and chief financial officer.  "We are actively reducing costs
across the business to ensure that the company continues to
maintain adequate liquidity.  United has also set in motion the
Section 1113 process and we are working with our unions to reach
consensual agreements on fair and equitable reductions in labor
costs."

UAL ended October with a cash balance of about $2.3 billion, which
included $837 million in restricted cash (filing entities only).  
The cash balance decreased approximately $77 million during the
month of October, driven by the final quarterly retroactive wage
payment to International Association of Machinists members of
$63 million and a quarterly Success Sharing reward to employees of
$26 million.  As anticipated, the company did not meet its October
EBITDAR covenant; however, the company received a waiver from its
DIP lenders for the monthly EBITDAR covenants during the fourth
quarter 2004.

A full-text copy of UAL Corporation's October 2004 monthly
operating report is available at no charge at:

   http://www.sec.gov/Archives/edgar/data/100517/000010051704000040/novmor.htm


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


WESTPOINT STEVENS: Posts $20.2 Million Net Loss in October 2004
---------------------------------------------------------------

                       WESTPOINT STEVENS, INC.
                            Balance Sheet
                         At October 31, 2004
                            (in thousands)

                                Assets

Current Assets
    Cash and cash equivalents                             $1,772
    Short-term investments                                     -
    Accounts receivable, net                             222,501
    Inventories                                          330,737
    Prepaid expenses and other current assets             12,349
                                                      ----------
Total current assets                                     567,359

Total investments and other assets                       119,961
Goodwill                                                       -
Property, Plant and Equipment, net                       521,792
                                                      ----------
TOTAL ASSETS                                          $1,209,112
                                                      ==========

             Liabilities and Stockholders' Equity (Deficit)

Liabilities Not Subject to Compromise:
    Senior Credit Facility                              $438,240
    DIP Credit Agreement                                 100,637
    Second lien facility                                 165,000
    Accrued interest payable                                 728
    Accounts payable - trade                              49,909
    Accounts payable - intercompany                      179,243
    Other accrued liabilities                            108,954
    Deferred income taxes                                    474
    Pension and other liabilities                        137,536
                                                      ----------
Total liabilities not subject to compromise            1,180,247

Liabilities Subject to Compromise
    Senior notes                                       1,000,000
    Deferred financing fees                               (5,066)
    Accrued interest payable on Senior Notes              36,130
    Accounts payable                                      26,604
    Other payables and accrued liabilities                 8,237
    Pension and other liabilities                         18,807
                                                      ----------
Total liabilities not subject to compromise            1,084,712
                                                      ----------
Total Liabilities                                      2,264,959

Shareholders' Equity (Deficit)
    Equity of subsidiaries                              (123,757)
    Common stock                                             711
    Capital surplus/Treasury Stock                        51,436
    Retained earnings (deficit)                         (871,030)
    Minimum pension liability adjustment                (101,921)
    Other adjustments                                    (11,286)
    Unearned compensation                                      -
                                                      ----------
Stockholders' Equity (Deficit)                        (1,055,847)
                                                      ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT)    $1,209,112
                                                      ==========


                       WESTPOINT STEVENS, INC.
                       Statement of Operations
                    Month Ended October 31, 2004
                            (in thousands)


Total sales                                             $147,154
Cost of sales                                            140,114
                                                      ----------
    Gross profit                                           7,040

Selling and administrative expenses
    Selling expenses                                       3,431
    Warehousing and shipping                               6,631
    Advertising                                              512
    Division administrative expense                        1,175
    MIS expense                                            1,551
    Corporate administrative expense                       1,763
                                                      ----------
Total selling and administrative expense                  15,063
Restructuring and impairment charge                            -
Goodwill impairment charge                                     -
                                                      ----------
    Profit (loss) from operations                         (8,023)

Interest expense
    Interest expense - outside                             7,827
    Capitalized interest expense                               -
    Interest expense - intercompany                          396
    Interest income                                           18
    Interest income - intercompany                             -
                                                      ----------
Net interest expense                                       8,205


Other expense
    Miscellaneous                                          1,132
    Royalties - intercompany                               3,686
    Transaction gain/loss                                      -
                                                      ----------
    Total other expense                                    4,818

Other income
    Royalties - intercompany                                   -
    Dividends                                                  -
    Sale of assets                                             -
    Miscellaneous                                              8
                                                      ----------
    Total other income                                         8
                                                      ----------
Net other expense                                          4,810
                                                      ----------
Income (loss) before Chapter 11 reorganization
    expenses and income taxes (benefit) and
    extraordinary items                                  (21,038)

Chapter 11 reorganization expenses                         2,316

Income tax expense (benefit)                             (3,122)

Extraordinary item - net of taxes                              -
                                                      ----------
Net Income (loss)                                       ($20,232)
                                                      ==========


                       WESTPOINT STEVENS, INC.
                       Statement of Cash Flows
                     Month Ended October 31, 2004
                            (in thousands)

Cash flows from operations:
Net income (loss)                                       ($20,232)
    Restructuring                                              -
    Equity adjustments                                       646
    Depreciation and amortization expense                 14,714
    Fixed asset impairment charge                              -
Working Capital Changes
    Decrease/(increase) - accounts receivable             15,412
    Decrease/(increase) - inventories                      5,385
    Decrease/(increase) - other current assets             2,508
    Decrease/(increase) - other non-current
       assets & debts                                      1,138
    Increase/(decrease) - accounts payable (trade)        (3,397)
    Increase/(decrease) - a/p (intercompany)              10,143
    Increase/(decrease) - accrued liabilities             (3,976)
    Increase/(decrease) - accrued interest payable        (4,838)
    Increase/(decrease) - pension and other liabilities   (1,798)
    Increase/(decrease) - deferred federal income tax       (474)
                                                      ----------
Total cash flows from operations                          15,231

Cash flows from investing activities:
    Capital expenditures                                    (653)
    Transfers                                                  -
    Net proceeds from sale of assets                         786
                                                      ----------
Total cash flows from investing                              133
  
Cash flows from financing activities:
    Increase/(decrease)- DIP Credit Agreement            (18,320)
                                                      ----------
Total cash flows from financing                          (18,320)

Beginning cash balance                                     4,728
Change in cash                                            (2,956)
                                                      ----------
Ending cash balance                                       $1,772
                                                      ==========

Headquartered in West Point, Georgia, WestPoint Stevens, Inc., --
http://www.westpointstevens.com/-- is the #1 US maker of bed
linens and bath towels and also makes comforters, blankets,
pillows, table covers, and window trimmings. It makes the Martex,
Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux
brands, as well as the Martha Stewart bed and bath lines; other
licensed brands include Ralph Lauren, Disney, and Joe Boxer.
Department stores, mass retailers, and bed and bath stores are its
main customers. (Federated, J.C. Penney, Kmart, Sears, and Target
account for more than half of sales.) It also has nearly 60 outlet
stores. Chairman and CEO Holcombe Green controls 8% of WestPoint
Stevens. The Company filed for chapter 11 protection on
June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532). John J.
Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the
Debtors in their restructuring efforts. (WestPoint Bankruptcy
News, Issue No. 33; 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
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
affiliated with a TCR editor holds some position in the issuers'
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
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

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
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $675 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.

                    *** End of Transmission ***