TCR_Public/050219.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, February 19, 2005, Vol. 9, No. 42

                          Headlines

ATA AIRLINES: December 2004 Net Loss Widens to $644 Million
CATHOLIC CHURCH: Tucson Files Dec. 2004 Monthly Operating Report
EXIDE TECH: Posts $439 Million Combined 3rd Quarter Net Loss
HAYES LEMMERZ: Reports Fourth Quarter 2004 Financial Results
HUFFY CORP: Files Restated Financial Reports Ended November 6

HUFFY CORP: Files Restated Financial Reports Ended December 4
HUFFY CORP: Posts $200,000 Net Loss in December 2004
ROBOTIC VISION: Posts $648,000 Net Loss in November 2004
SOLUTIA INC: Posts $27 Million Net Loss for December 2004
TECO AFFILIATES: Panda Gila's Schedules of Assets and Liabilities

TECO AFFILIATES: Trans-Union's Schedules Of Assets And Liabilities
TECO AFFILIATES: Union Power's Schedules Of Assets And Liabilities
TECO AFFILIATES: UPP Finance's Schedules of Assets and Liabilities
TWINLAB CORP: Files January 2005 Monthly Operating Report
YUKOS OIL: Files Schedules of Assets and Liabilities

YUKOS OIL: Files Statement Of Financial Affairs


                          *********


ATA AIRLINES: December 2004 Net Loss Widens to $644 Million
-----------------------------------------------------------

              Holdings Corporation and Subsidiaries
                     Unaudited Balance Sheet
                     As of December 31, 2004


Assets

Current assets
   Cash and cash equivalents                       $139,652,000
   Receivables,
     net of allowance for doubtful accounts         118,807,000
   Inventories, net                                  43,802,000
   Prepaid expenses and other current assets         39,159,000
                                                   ------------
      TOTAL CURRENT ASSETS                          341,420,000

Property and equipment
   Flight equipment                                 198,888,000
   Facilities and ground equipment                  147,420,000
   Accumulated depreciation                        (163,549,000)
                                                   ------------
      TOTAL PROPERTY, PLANT AND EQUIPMENT           182,759,000

   Restricted cash                                   32,355,000
   Goodwill                                           8,488,000
   Prepaid aircraft rent                             52,031,000
   Investment in BATA                                 6,930,000
   Deposits and other assets                         27,301,000
                                                   ------------
      TOTAL ASSETS                                 $651,284,000
                                                   ============

Liabilities and Shareholders' Deficit

Current liabilities
   Long-term debt in default                                  -
   DIP Financing (Note 1)                            41,000,000
   Accounts payable                                   7,563,000
   Air traffic liabilities                           89,887,000
   Accrued expenses                                 122,029,000
                                                   ------------
      Total current liabilities                     260,479,000

   Long-term debt                                             -
   Deferred gains from sale & leaseback of aircraft           -
   Other deferred items                              31,464,000
   Mandatorily redeemable preferred stock                     -
                                                   ------------
      TOTAL LIABILITIES                             291,943,000

   Liabilities subject to compromise              1,238,111,000
   Commitments and contingencies
     Convertible redeemable preferred stock          30,000,000

Shareholders' Equity (deficit)
   Preferred stock; authorized 9,999,200 shares               -
   Common stock, without par value                   66,013,000
   Treasury stock                                   (24,778,000)
   Additional paid-in capital                        18,166,000
   Accumulated deficit                             (968,171,000)
                                                   ------------
     TOTAL SHAREHOLDERS' DEFICIT                   (908,770,000)
                                                   ------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT        $651,284,000
                                                   ============


              Holdings Corporation and Subsidiaries
                    Unaudited Income Statement
              For the Month Ended December 31, 2004


Operating revenues:
   Scheduled service                                $77,008,000
   Charter                                           32,712,000
   Ground package                                     1,063,000
   Other                                              5,076,000
                                                   ------------
      TOTAL OPERATING REVENUES                      115,859,000

Operating expenses:
   Fuel and oil                                      34,532,000
   Salaries, wages and benefits                      33,720,000
   Aircraft rentals                                  20,096,000
   Handling, landing and navigation fees              8,278,000
   Aircraft maintenance, materials and repairs        5,529,000
   Crew and other employee travel                     3,620,000
   Depreciation and amortization                      4,202,000
   Other selling expenses                             3,798,000
   Passenger service                                  3,302,000
   Facilities and other rentals                       2,303,000
   Commissions                                        2,131,000
   Insurance                                          3,660,000
   Ground package cost                                  855,000
   Advertising                                          568,000
   U.S. Government Funds                                      -
   Aircraft impairments and retirements               7,667,000
   Other                                              7,213,000
                                                   ------------
      TOTAL OPERATING EXPENSES                      141,474,000
                                                   ------------
Operating income (loss)                             (25,615,000)

Other income (expense)
   Interest income                                      169,000
   Interest expense                                      98,000
   Loss on extinguishment of debt                             -
   Reorganization expenses                         (619,001,000)
   Other                                               (142,000)
                                                   ------------
      TOTAL OTHER EXPENSE                          (618,876,000)
                                                   ------------
Income (loss) before income taxes                  (644,491,000)

   Income taxes                                         301,000
                                                   ------------
NET INCOME (LOSS)                                 ($644,190,000)
                                                   ============


              Holdings Corporation and Subsidiaries
                         Cash Flow Report
              For the Month Ended December 31, 2005


Cash Flows from Operating Activities:
Net income                                         ($25,189,000)
Reorganization items                               (619,001,000)

Adjustments to reconcile net income:
   Depreciation and amortization                      4,202,000
   Aircraft impairments and retirements               7,667,000
   Aircraft impairments and retirements,
     Reported as reorganization item                 55,301,000
   Other non-cash items                              23,516,000

Changes in operating assets and liabilities:
   Receivables                                        5,126,000
   Inventories                                          509,000
   Prepaid expenses                                  (7,814,000)
   Accounts payable                                     684,000
   Air traffic liabilities                            4,179,000
   Liabilities Subject to Compromise                455,197,000
   Accrued expenses                                  17,106,000
                                                   ------------
NET CASH PROVIDED BY OPERATING ACTIVITIES           (78,517,000)

Cash Flows from Investing Activities:
   Aircraft pre-delivery deposits                             -
   Capital expenditures                                (885,000)
   Non-current prepaid aircraft rent                 79,927,000
   Reductions to other assets                        (1,373,000)
   Proceeds from sales of property and equipment     34,053,000
                                                   ------------
NET CASH USED BY INVESTING ACTIVITIES               111,722,000

Cash Flows from Financing activities:
   Proceeds from DIP Financing                       41,000,000
   Payments on short-term debt and long-term debt   (15,521,000)
   Decrease (increase) in restricted cash            (4,218,000)
                                                   ------------
NET CASH PROVIDED BY FINANCING ACTIVITIES            21,261,000
                                                   ------------

Net change in cash and cash equivalents              54,466,000

Cash and equivalents at beginning of period          85,186,000
                                                   ------------
Cash and cash equivalents at end of period         $139,652,000
                                                   ============

Headquartered in Indianapolis, Indiana, ATA Airlines, owned by
ATA Holdings Corporation -- http://www.ata.com/-- is the
nation's 10th largest passenger carrier (based on revenue
passenger miles) and one of the nation's largest low-fare
carriers.  ATA has one of the youngest, most fuel-efficient
fleets among the major carriers, featuring the new Boeing
737-800 and 757-300 aircraft.  The airline operates significant
scheduled service from Chicago-Midway, Hawaii, Indianapolis, New
York and San Francisco to over 40 business and vacation
destinations.  Stock of parent company, ATA Holdings Corporation,
is traded on the Nasdaq Stock Exchange.  The Company and its
debtor-affiliates filed for chapter 11 protection on Oct. 26,
2004 (Bankr. S.D. Ind. Case No. 04-19866, 04-19868 through 04-
19874).  Terry E. Hall, Esq., at Baker & Daniels, represents the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $745,159,000 in
total assets and $940,521,000 in total debts.


CATHOLIC CHURCH: Tucson Files Dec. 2004 Monthly Operating Report
----------------------------------------------------------------

        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
           (Unaudited) Statement of Financial Condition
                     As of December 31, 2004


ASSETS                                    Total   Diocese-Owned
                                          -----   -------------
Cash on hand                             $1,500          $1,500
Cash in Banks                           751,185         444,035
Cash Equivalents                      6,262,069       4,409,390
Accounts receivable, net              1,605,621       1,605,621
Allowance for doubtful accounts      (1,177,406)     (1,177,406)
Grants receivable                       380,500         380,500
Pledges receivable                        6,000           6,000
A/R held in trust for others             73,814               0
Due from administered funds             161,083               0
Prepaid expenses & other assets         392,415         392,415
Investments in businesses             2,618,769       2,218,655
Corp. & Gov't. bond investments       2,152,340       1,532,355
Investment in BPIC                       80,850          80,850
Notes receivable, net                 2,112,122         330,075
Allowance for doubtful
   notes receivable                    (329,288)         (5,411)
Assets securing 2002 settlement       3,000,000       3,000,000
Construction in progress                 48,867          48,867
Land, buildings, and equipment          529,511         529,511
Assets held for sale                     60,226          60,226
Land held for future parish sites       817,460         817,460
                                 --------------  --------------
                                    $19,547,638     $14,674,643
                                 ==============  ==============


LIABILITIES AND NET ASSETS


Liabilities:
   Accounts payable - post              529,950         529,950
   Accounts payable - pre                40,743          40,743
   Accrued expenses - post               30,472          30,472
   Accrued expenses - pre               157,682         157,682
   Due to Diocese                       161,083         161,083
   Accrued insurance claims             378,503         378,503
   Unsecured long-term debt - pre     2,061,455       2,061,455
   Unsecured long-term debt - post      100,000         100,000
   Unrestricted parish deposits       6,969,294       6,962,867
   Restricted parish deposits         3,622,619               0
   Secured long-term debt             2,590,319       2,590,319
   Custodial funds                    1,243,949               0
                                 --------------  --------------
      Total Liabilities              17,886,069      13,013,074
                                 --------------  --------------

Net Assets:
   Unrestricted/temporarily
     restricted                        (247,319)       (247,319)
   Permanently restricted             1,908,888       1,908,888
                                 --------------  --------------
Total liabilities & net assets      $19,547,638     $14,674,643
                                 ==============  ==============


        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
        Statement of Operations and Charges in Net Assets
            December 1, 2004 through December 31, 2004


Revenues
   Contributions, grants and bequests                   $20,029
   Chancery assessment                                  137,998
   Priests salary subsidy                                18,530
   Fees for services                                     15,831
   Advertising revenue                                    6,692
   Retreat fees                                               0
   Rental Income                                          4,397
   Insurance                                             60,248
   Investment Income                                     24,721
   Miscellaneous                                          1,263
                                                 --------------
   Total Support & Revenue                              289,709

Expense
   Program Services:
      Archives                                            1,722
      Catholic Commitments & Social Services              1,139
      Evangelization & Hispanic Ministry                  6,056
      Catechesis Office                                   7,104
      Formation Office                                    5,713
      Department of Catholic Schools                     15,565
      Clergy, religious & seminarian advancement         22,701
      Parish Assistance                                  16,545
      Catholic Social Mission                             4,904

   Supporting Services:
      Office of Bishop Emeritus                           4,962
      Offices of the Bishop, et al.                      31,650
      Office of Women Religious                           1,263
      General & Administrative                            3,713
      Fiscal & Employee Services                         49,551
      Office of Child, Adolescent, et al. Protection      8,082
      Communications & Community Relations               11,300
      Property Management                                27,400
      Insurance Administration                           39,502
      Reorganization                                    245,738

Imputed interest on settlement                           14,095
Provision for doubtful accounts                           5,833
Depreciation                                              3,729
                                                 --------------
   Total Expenses                                       528,267
                                                 --------------
Excess (deficiency) of revenues over expenses         ($238,559)
                                                 ==============


        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
            Current Month's Receipts and Disbursements
            December 1, 2004 through December 31, 2004


Cash and Bank Balance:
   Beginning of Month                                $1,654,774

Receipts
   Cash Sales                                            13,754
   Accounts Receivable -- Prepetition                    26,006
   Accounts Receivable -- Postpetition                  315,271
   Loans and Advances                                         0
   Sale of Assets                                           300
   Transfers in from other accounts                     194,003
   Other -- Custodial Funds                             208,372
   Other -- Credit ADJ                                   22,995
   Voided Checks                                            200
                                                 --------------
   Total Receipts                                       859,901

Disbursements:
   Business -- Ordinary Operations                      353,480
   Capital Improvements                                       0
   Prepetition Debt                                           0
   Transfers to other DIP Accounts                      194,003
   Other -- Custodial Funds                             273,612
   Other -- TRF to Wells Fargo Investment             1,220,262
   Other -- Payroll Reimbursement                        22,283

Reorganization Expenses:
   Attorney Fees                                              0
   Accountant Fees                                            0
   Other Professional Fees                                    0
   Other (Advertising)                                        0
   U.S. Trustee Quarterly Fee                                 0
   Court Costs                                                0
                                                 --------------
   Total Disbursements                                2,063,640
                                                 --------------
Cash & Bank Balance -- End of Month                    $444,035
                                                 ==============


The Roman Catholic Church of the Diocese of Tucson filed for
chapter 11 protection (Bankr. D. Ariz. Case No. 04-04721) on
September 20, 2004, and delivered a plan of reorganization to
the Court on the same day.  Susan G. Boswell, Esq., Kasey C.
Nye, Esq., at Quarles & Brady Streich Lang LLP, represent the
Tucson Diocese.  The Archdiocese of Portland in Oregon filed for
chapter 11 protection (Bankr. Ore. Case No. 04-37154) on July 6,
2004.  Thomas W. Stilley, Esq. and William N. Stiles, Esq. of
Sussman Shank LLP represent the Portland Archdiocese in its
restructuring efforts.  Portland's Schedules of Assets and
Liabilities filed with the Court on July 30, 2004, the Portland
Archdiocese reports $19,251,558 in assets and $373,015,566 in
liabilities.  (Catholic Church Bankruptcy News, Issue No. 18;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


EXIDE TECH: Posts $439 Million Combined 3rd Quarter Net Loss
------------------------------------------------------------
Exide Technologies (NASDAQ: XIDE), a global leader in stored
electrical energy solutions, reported financial results for the
third quarter of fiscal 2005 ended Dec. 31, 2004.

Consolidated net sales for the third quarter of fiscal 2005 rose
11.5% to $727.9 million from $653.0 million in the third quarter
of fiscal 2004.  Quarterly net sales results benefited from higher
average selling prices as a result of lead-related pricing actions
across the business, as well as strong Motive Power demand
worldwide.  Favorable currency exchange rates also benefited net
sales Company-wide.

Consolidated net loss for the third quarter of fiscal 2005 was
$439.0 million, or $17.56 per share, compared to a net loss
of $9.3 million, or $0.34 per share, in the third quarter of
fiscal 2004.  The third quarter of fiscal 2005 results include a
non-cash goodwill impairment charge of $399.4 million,
restructuring costs and reorganization items of approximately
$8.0 million and a non-cash income tax charge of $34.5 million to
adjust valuation allowances against previously recognized
deferred tax assets.  The results were favorably offset by a gain
on revaluation of Warrants of $5.8 million.

The Company uses adjusted EBITDA as a key measure of the
Company's operational and financial performance because the
Company believes it provides useful information for investors.
Adjusted EBITDA is defined as earnings before interest, taxes,
depreciation, amortization and restructuring charges. The
Company's adjusted EBITDA definition also adjusts reported
earnings for losses from discounts on sale of accounts
receivable, the effect of non-cash currency re-measurement gains
or losses, the non-cash gain or loss from revaluation of the
Company's warrants liability, impairment charges and non-cash
gains or losses on asset sales.

Adjusted EBITDA for the third quarter was $52.0 million compared
to $59.0 million in the prior year period. As a result of stronger
currency rates relative to the dollar, adjusted EBITDA results
were favorably impacted by $2.7 million in the third quarter.  The
unrecovered portion of lead was limited to approximately $10
million in the quarter.  Without lead and currency, Exide's
adjusted EBITDA for the third quarter would have been slightly
ahead of last year.

"Exide continued its efforts in the third quarter to mitigate the
escalation in commodity and energy prices, especially the price of
lead," said Craig H. Muhlhauser, President and Chief Executive
Officer of Exide Technologies.

Lead, which is Exide's number-one commodity and comprises
approximately one-third of the Company's cost of goods sold, rose
to an average of EUR737 ($959) per metric tonne for the third
quarter of fiscal year 2005, versus the prior year's average of
EUR531 ($634) per metric tonne -- approximately a 40% increase in
euro terms.

"This quarter, we successfully recovered 65-70% of the increased
lead costs in the quarter due to pricing actions, lead price
escalators, lead hedging and improved spent battery collection
rates," Mr. Muhlhauser said.  "This is a significant improvement
over the second quarter, when we were only able to offset 30-40%
of the adverse impact from lead price increases.

"The Company will continue its efforts to implement plans and make
investments to accelerate cost reductions and increase cash flow
from operations," Mr. Muhlhauser said.  "We remain committed to
making our customers successful and creating long-
term value for our shareholders."

                           Bank Covenant

Due to the fact that the Company failed to satisfy its leverage
ratio covenant as of December 31, 2004, under its Senior
Secured Credit Facility, Exide has requested and expects to
receive a waiver of the leverage ratio covenant from its lenders,
as well as amendments relating to the Company's proposed senior
note offering.

Further information about Exide, including its financial
results, are available at http://www.exide.com/

      Media Contacts
      Alan Chapple
      Exide Technologies
      678-566-9514
      alan.chapple@exide.com

      Investor Contact
      Chuck Burgess/Gillian Angstadt
      The Abernathy MacGregor Group
      212-371-5999
      exideweb@abmac.com

A full-text copy of Exide Technologies' financial results for the
period ending December 31, 2004, is available for free at:


http://www.sec.gov/Archives/edgar/data/813781/000119312505029214/d10q.htm



                Exide Technologies and Subsidiaries
          Unaudited Condensed Consolidated Balance Sheets
                      As of December 31, 2004
                           (in thousands)

                               Assets


Current Assets:
    Cash and cash equivalents                            $26,081
    Restricted cash                                        2,005
    Receivables, net of allowance for doubtful accounts  715,839
    Inventories                                          460,239
    Prepaid expenses and other                            24,832
    Deferred financing costs, net                              -
    Deferred income taxes                                 36,917
                                                      ----------
       Total current assets                            1,265,913
                                                      ----------
Property, Plant And Equipment, Net                       839,606
                                                      ----------
Other Assets:
    Goodwill, net                                              -
    Other intangibles, net                               194,501
    Investments in affiliates                              6,922
    Deferred financing costs, net                              -
    Deferred income taxes                                 43,552
    Other                                                 35,963
                                                      ----------
                                                         280,938
                                                      ----------
TOTAL ASSETS                                          $2,386,457
                                                      ==========

           Liabilities And Stockholders' Equity (Deficit)

Current Liabilities:
    Short-term borrowings                                $17,308
    Current maturities of long-term debt                   5,017
    Accounts payable                                     342,334
    Accrued expenses                                     378,223
    Warrants liability                                    12,813
                                                      ----------
       Total current liabilities                         755,695

Long-Term Debt                                           560,417
Noncurrent Retirement Obligations                        332,884
Noncurrent Deferred Tax Liability                         98,018
Other Noncurrent Liabilities                             114,774
Liabilities Subject To Compromise                              -
                                                      ----------
Total liabilities                                     $1,861,788
                                                      ----------
Commitments and Contingencies
Minority Interest                                         13,159
                                                      ----------
Stockholders' Equity:

Predecessor Company common stock, $0.01 par
  value, 100,000 shares authorized, 27,383
  shares issued and outstanding at
  March 31, 2004                                               -

Successor Company common stock, $0.01 par
  value, 25,000 shares authorized, 24,162
  shares issued and outstanding at
  December 31, 2004                                          234

Additional paid-in capital                               888,157
Retained earnings (Accumulated deficit)                 (422,514)
Notes receivable--stock award plan                             -
Accumulated other comprehensive income                    45,633
                                                      ----------
Total stockholders' equity (deficit)                    $511,510
                                                      ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY            $2,386,457
                                                      ==========


                Exide Technologies and Subsidiaries
     Unaudited Condensed Consolidated Statements of Operations
               Three Months Ended December 31, 2004
                           (in thousands)


Net Sales                                               $727,902
Cost of Sales                                            602,151
                                                      ----------
    Gross profit                                         125,751
                                                      ----------
Expenses:
    Selling, marketing and advertising                    69,003
    General and administrative                            47,365
    Restructuring and impairment                           5,713
    Goodwill Impairment                                  399,388
    Other (income) expense, net                           (5,005)
    Interest expense, net                                 11,728
                                                      ----------
Total Expenses                                           528,192
                                                      ----------
Income (loss) before reorganization items,
   income taxes and minority interest                   (402,441)
                                                      ----------
Reorganization items, net                                  2,236
Income tax provision                                      34,484
Minority interest                                           (121)
                                                      ----------
NET LOSS                                               ($439,040)
                                                      ==========


                 Exide Technologies And Subsidiaries
      Unaudited Condensed Consolidated Statements Of Operations
                  May 6, 2004 to December 31, 2004


Net Sales                                             $1,763,429
Cost of Sales                                          1,477,867
                                                      ----------
    Gross profit                                         285,562
                                                      ----------
Expenses:
    Selling, marketing and advertising                   178,617
    General and administrative                           108,601
    Restructuring and impairment                          12,986
    Goodwill Impairment                                  399,388
    Other (income) expense, net                          (57,042)
    Interest expense, net                                 29,165
                                                      ----------
Total Expenses                                           671,715
                                                      ----------
Income (loss) before reorganization items,
   income taxes and minority interest                   (386,153)
                                                      ----------
Reorganization items, net                                  5,654
Income tax provision                                      30,782
Minority interest                                            (75)
                                                      ----------
NET LOSS                                               ($422,514)
                                                      ==========


                Exide Technologies And Subsidiaries
     Unaudited Condensed Consolidated Statements Of Cash Flows
                 May 6, 2004 to December 31, 2004
                           (In Thousands)


Cash Flows From Operating Activities:
    Net Income (Loss)                                  ($422,514)
    Adjustments to Reconcile Net Loss to Net Cash
    Provided By (Used In) Operating Activities
       Depreciation and Amortization                      84,194
       Impairment of Goodwill                            399,388
       Effect of Change in Accounting Principle                -
       Gain on Discharge of Liabilities Subject to
          Compromise                                           -
       Fresh Start Accounting Adjustments, Net                 -
       Unrealized Gain on Warrants                       (61,488)
       Net Loss (Gain) on Asset Sales                      1,227
       Provision For Doubtful Accounts                     2,167
       Deferred Income Taxes                                 680
       Non-Cash Provision for Restructuring                  108
       Reorganization Items, Net                           5,654
       Minority Interest                                     (75)
       Amortization of Deferred Financing Costs                -
    Changes in Assets and Liabilities, Excluding Effects
     of Fresh Start Accounting, Acquisitions
     and Divestitures
       Receivables                                       (41,745)
       Inventories                                       (12,408)
       Prepaid Expenses and Other                         (2,378)
       Payables                                           32,464
    Accrued Expenses                                     (28,982)
    Noncurrent Liabilities                                (3,443)
    Other, Net                                            33,503
                                                      ----------
Net Cash Provided by (Used in) Operating Activities      (13,648)
                                                      ----------

Cash Flows from Investing Activities:
    Capital Expenditures                                 (44,577)
    Proceeds From Sales Of Assets                         20,962
                                                      ----------
Net Cash Used in Investing Activities                    (23,615)
                                                      ----------

Cash Flows From Financing Activities:
    Increase in Short-Term Borrowings                      4,174
     Repayments under 9.125% Senior Notes                      -
     Borrowings under DIP Credit Facility                      -
     Repayments under DIP Credit Facility                      -
     Borrowings under Replacement DIP Credit Facility          -
     Repayments under Replacement DIP Credit Facility          -
     Borrowings under Senior Secured Credit Facility     168,593
     Repayments Under Senior Secured Credit Facility    (169,332)
     European Asset Securitization                             -
     Increase (Decrease) in Other Debt                    (2,036)
     Financing Costs and Other                              (682)
                                                      ----------
Net Cash Provided by Financing Activities                    717
                                                      ----------
Effect of Exchange Rate Changes on Cash and
    Cash Equivalents                                       3,031
                                                      ----------
Net Increase (Decrease) In Cash And Cash Equivalents     (33,515)
Cash And Cash Equivalents, Beginning Of Period            59,596
                                                      ----------
Cash And Cash Equivalents, End Of Period                 $26,081
                                                      ==========

Headquartered in Princeton, New Jersey, Exide Technologies is the
worldwide leading manufacturer and distributor of lead acid
batteries and other related electrical energy storage products.
The Company filed for chapter 11 protection on Apr. 14, 2002
(Bankr. Del. Case No. 02-11125).  Matthew N. Kleiman, Esq., and
Kirk A. Kennedy, Esq., at Kirkland & Ellis, represent the Debtors
in their restructuring efforts.  Exide's confirmed chapter 11 Plan
took effect on May 5, 2004.  On April 14, 2002, the Debtors listed
$2,073,238,000 in assets and $2,524,448,000 in debts.  (Exide
Bankruptcy News, Issue No. 61; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


HAYES LEMMERZ: Reports Fourth Quarter 2004 Financial Results
------------------------------------------------------------

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


Assets:
Cash                                                $11,699,308

Liabilities:
Trust Expenses Reserve, net                          11,699,308

Claimholder distribution reserve                              -
                                                     ----------
                                                    $11,699,308
                                                     ==========


                         HLI Creditor Trust
       Unaudited Statement of Cash Receipts and Disbursements
          Period from October 1 through December 31, 2004


Cash Receipts:
     Trust Recoveries                                $2,855,643
     Interest Income                                     27,627
                                                     ----------
                                                     $2,883,270
                                                     ----------
Cash Disbursements:
     Fee Reimbursement to Reorganized Debtors          (625,000)
     Distributions to Beneficiaries                           -
     Trust Expenses                                  (1,380,657)
                                                     ----------
                                                     (2,005,657)
                                                     ----------
Net increase (decrease) in cash                         877,613
Cash at beginning of period                          10,821,695
                                                     ----------
Cash at end of period                               $11,699,308
                                                     ==========

Hayes Lemmerz International, Inc., is a world leading global
supplier of automotive and commercial highway wheels, brakes,
powertrain, suspension, structural and other lightweight
components.  The Company filed for chapter 11 protection on
December 5, 2001 (Bankr. D. Del. Case No. 01-11490).  The
Debtors' confirmed chapter 11 Plan took effect on June 3, 2003.
Eric Ivester, Esq., and Mark S. Chehi, Esq., at Skadden, Arps,
Slate, Meager & Flom, represented the Debtors in their
restructuring efforts.  (Hayes Lemmerz Bankruptcy News, Issue
No. 60; Bankruptcy Creditors' Service, Inc., 215/945-7000)


HUFFY CORP: Files Restated Financial Reports Ended November 6
-------------------------------------------------------------
On Feb. 16, 2005, Huffy Corporation and its debtor-affiliates
filed their restated monthly operating report for the period ended
Nov. 6, 2004, with the U.S. Bankruptcy Court for the Southern
District of Ohio.

Huffy has subsequently determined that the unaudited balance sheet
contained in such report, dated Nov. 6, 2004, should be revised to
reflect certain adjustments to Huffy's pre-petition retained
earnings which were over-stated by $9.445 million and its long-
term liabilities which were understated also by $9.445 million, as
well as other adjustments related to allocations between the pre-
petition and post-petition periods.

The Debtors reported a $2,004,000 net loss on $12,560,000 of net
sales for the period ended Nov. 6, 2004.

At Nov. 6, 2004, Huffy Corporation's consolidated balance sheet
shows:

      Total Assets                               $131,439,000
      Total Post Petition Liabilities              17,817,000
      Total Liabilities Subject to Compromise     139,813,000
      Total Liabilities                           183,580,000
      Shareholders' Equity Deficit                $52,141,000

A full-text copy of Huffy Corporation's Monthly Operating Report
ended Nov. 6, 2004, is available at no charge at:


http://www.sec.gov/Archives/edgar/data/225463/000090631805000033/ex991.htm


Headquartered in Miamisburg, Ohio, Huffy Corporation --
http://www.huffy.com/-- designs and supplies wheeled and related
products, including bicycles, scooters and tricycles.  The Company
and its debtor-affiliates filed for chapter 11 protection on
Oct. 20, 2004 (Bankr. S.D. Ohio Case No. 04-39148).  Kim Martin
Lewis, Esq., and Donald W. Mallory, Esq., at Dinsmore & Shohl LLP,
represent the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
$138,700,000 in total assets and $161,200,000 in total debts.


HUFFY CORP: Files Restated Financial Reports Ended December 4
-------------------------------------------------------------
On Feb. 16, 2005, Huffy Corporation and its debtor-affiliates
filed their restated monthly operating report for the period ended
Dec. 4, 2004, with the U.S. Bankruptcy Court for the Southern
District of Ohio.

Huffy has subsequently determined that the unaudited balance sheet
contained in such report, dated Dec. 6, 2004, should be revised to
reflect certain adjustments to Huffy's pre-petition retained
earnings which were over-stated by $9.445 million and its long-
term liabilities which were understated also by $9.445 million, as
well as other adjustments related to allocations between the pre-
petition and post-petition periods.

The Debtors reported a $5,616,000 net loss on $20,138,000 of net
sales for the period ended Dec. 4, 2004.

At Dec. 4, 2004, Huffy Corporation's consolidated balance sheet
shows:

      Total Assets                               $129,168,000
      Total Post Petition Liabilities              23,075,000
      Total Liabilities Subject to Compromise     140,627,000
      Total Liabilities                           186,914,000
      Shareholders' Equity Deficit                $57,746,000

A full-text copy of Huffy Corporation's Monthly Operating Report
ended Dec. 4, 2004, is available at no charge at:


http://www.sec.gov/Archives/edgar/data/225463/000090631805000034/ex991.htm


Headquartered in Miamisburg, Ohio, Huffy Corporation --
http://www.huffy.com/-- designs and supplies wheeled and related
products, including bicycles, scooters and tricycles.  The Company
and its debtor-affiliates filed for chapter 11 protection on
Oct. 20, 2004 (Bankr. S.D. Ohio Case No. 04-39148).  Kim Martin
Lewis, Esq., and Donald W. Mallory, Esq., at Dinsmore & Shohl LLP,
represent the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
$138,700,000 in total assets and $161,200,000 in total debts.


HUFFY CORP: Posts $200,000 Net Loss in December 2004
----------------------------------------------------
On Feb. 11, 2005, Huffy Corporation and its debtor-affiliates
filed their monthly operating report for the period ended Dec. 31,
2004, with the U.S. Bankruptcy Court for the Southern District of
Ohio.

The Debtors reported a $200,000 net loss on $8,699,000 of net
sales for the period ended Dec. 31, 2004.

At Dec. 31, 2004, Huffy Corporation's consolidated balance sheet
shows:

      Total Assets                               $111,758,000
      Total Post Petition Liabilities              20,072,000
      Total Liabilities Subject to Compromise     133,915,000
      Total Liabilities                           169,704,000
      Shareholders' Equity Deficit                $57,946,000

A full-text copy of Huffy Corporation's December 2004 Monthly
Operating Report is available at no charge at:


http://www.sec.gov/Archives/edgar/data/225463/000090631805000031/ex991.htm


Headquartered in Miamisburg, Ohio, Huffy Corporation --
http://www.huffy.com/-- designs and supplies wheeled and related
products, including bicycles, scooters and tricycles.  The Company
and its debtor-affiliates filed for chapter 11 protection on
Oct. 20, 2004 (Bankr. S.D. Ohio Case No. 04-39148).  Kim Martin
Lewis, Esq., and Donald W. Mallory, Esq., at Dinsmore & Shohl LLP,
represent the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
$138,700,000 in total assets and $161,200,000 in total debts.


ROBOTIC VISION: Posts $648,000 Net Loss in November 2004
--------------------------------------------------------
Robotic Vision Systems, Inc., delivered a copy of its monthly
operating report for November 2004 to the U.S. Securities and
Exchange Commission on Feb. 14, 2005.   Robotic Vision reports a
$648,000 net loss on $405,000 of gross revenues for the month
ending Nov. 30, 2004.

At Nov. 30, 2004, Robotic Vision's balance sheet shows:

      Total Current Assets                        $22,090,000
      Total Assets                                 50,947,000
      Total Liabilities Subject to Compromise      54,071,000
      Total Liabilities                            54,354,000
      Shareholders' Equity Deficit                 $3,407,000

A full-text copy of Robotic Vision Systems, Inc.'s November 2004
Monthly Operating Report is available at no charge at:


http://www.sec.gov/Archives/edgar/data/225868/000119312505031007/dex991.htm


Headquartered in Nashua, New Hampshire, Robotic Vision Systems,
Inc. -- http://www.rvsi.com/-- designs, manufactures and markets
machine vision, automatic identification and related products for
the semiconductor capital equipment, electronics, automotive,
aerospace, pharmaceutical and other industries. The Company,
together with its debtor-affiliate, filed for chapter 11
protection on Nov. 19, 2004 (Bankr. D. N.H. Case No. 04-14151).
Bruce A. Harwood, Esq., at Sheehan, Phinney, Bass + Green
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$43,046,000 in total assets and $51,338,000 in total debts.


SOLUTIA INC: Posts $27 Million Net Loss for December 2004
---------------------------------------------------------

                    Solutia Chapter 11 Debtors
      Unaudited Statement of Consolidated Financial Position
                     As of December 31, 2004

                             ASSETS


Current Assets:
   Cash                                             $50,000,000
   Trade Receivables, net                           138,000,000
   Account Receivables-Unconsolidated subsidiaries   52,000,000
   Inventories                                      140,000,000
   Other Current Assets                              96,000,000
                                                 --------------
Total Current Assets                                476,000,000

Property, Plant and Equipment, net                  701,000,000
Investments in Affiliates                           500,000,000
Intangible Assets, net                              101,000,000
Other Assets                                        110,000,000
                                                 --------------
TOTAL ASSETS                                     $1,888,000,000
                                                 ==============


              LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
   Accounts Payable                                $157,000,000
   Short Term Debt                                  300,000,000
   Other Current Liabilities                        187,000,000
                                                 --------------
Total Current Liabilities                           644,000,000

Other Long-Term Liabilities                         212,000,000
                                                 --------------
Total Liabilities Not Subject to Compromise         856,000,000
Liabilities Subject to Compromise                 2,301,000,000
Shareholders' Deficit                            (1,269,000,000)
                                                 --------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT        $1,888,000,000
                                                 ==============


                    Solutia Chapter 11 Debtors
         Unaudited Consolidated Statement of Operations
              For the Month Ended December 31, 2004


Total Net Sales                                    $180,000,000
Total Cost Of Goods Sold                            194,000,000
                                                 --------------
Gross Profit                                        (14,000,000)
Total MAT Expense                                    19,000,000
                                                 --------------
Operating Income                                    (33,000,000)

Equity Loss from Affiliates                           7,000,000
Interest Expense, net                                (3,000,000)
Other Income, net                                     1,000,000
Reorganization Items:
   Professional fees                                 (3,000,000)
   Employee severance and retention costs            (1,000,000)
                                                 --------------
   Total Reorganization Items                        (4,000,000)
                                                 --------------
Loss Before Taxes                                   (32,000,000)
Income Tax Benefit                                   (5,000,000)
                                                 --------------
NET LOSS                                           ($27,000,000)
                                                 ==============

Headquartered in St. Louis, Missouri, Solutia, Inc. --
http://www.solutia.com/-- with its subsidiaries, make and sell a
variety of high-performance chemical-based materials used in a
broad range of consumer and industrial applications.  The Company
filed for chapter 11 protection on December 17, 2003 (Bankr.
S.D.N.Y. Case No. 03-17949).  When the Debtors filed for
protection from their creditors, they listed $2,854,000,000 in
assets and $3,223,000,000 in debts.  (Solutia Bankruptcy News,
Issue No. 32; Bankruptcy Creditors' Service, Inc., 215/945-7000)


TECO AFFILIATES: Panda Gila's Schedules of Assets and Liabilities
-----------------------------------------------------------------

A.     Real Property                                   $507,520
B.     Personal Property
B.1    Cash on Hand
           Comerica Dallas, TX                          116,853
           Fidelity Investments New York, NY         11,669,925
B.2    Bank Account                                           0
B.3    Security Deposits                                 38,750
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             0
B.14   Bonds                                                  0
B.15   Accounts receivable
           Arizona Operations Company                   710,270
           Arizona Public Service Company             2,909,619
           Constellation Energy Commodities Group     4,564,282
           Coral Energy Management, LLC               2,123,132
           L.A. Dept. of Water & Electric               175,668
           Morgan Stanley Capital Group               2,697,601
           Powerex                                      165,214
           Public Service Company of Colorado           108,923
           Public Service Company of New Mexico         132,800
           Salt River Project                           671,093
           TECO Energy                                  220,000
           Teneska Marketing Ventures                   120,200
           Other Accounts Receivable                    400,106
B.16   Alimony                                                0
B.17   Other liquidated debts owed
            AON Risk Services - Property Insurance    1,337,115
            Holloman Corporation                        152,822
            Others                                      190,159
B.18   Equitable and future interests                         0
B.19   Contingent interests                                   0
B.20   Other contingent & unliquidated claims                 0
B.21   Patents, copyrights & trademarks                  84,733
B.22   Other intangibles                                      0
B.23   Automobiles                                      180,431
B.24   Boats                                                  0
B.25   Aircraft                                               0
B.26   Office equipment and supplies
           Computer Software Gila River location        123,957
           Small Equipment Gila River location          236,220
           Others                                       120,271
B.27   Machinery, furniture and fixtures
           Gila River Power Plant & Equipment     1,229,023,873
           Structures and Improvements               21,172,780
B.28   Inventory
           Transition Piece, Gila River               1,032,139
           Transition Piece, Gila River               1,002,118
           Liner Assembly, Gila River                   541,247
           Liner Assembly, Gila River                   525,601
           Fuel Nozzle Assembly, Gila River             940,474
           Fuel Nozzle Assembly, Gila River             913,133
           Dry Low Nox Cap, Gila River                  415,509
           Dry Low Nox Cap, Gila River                  403,454
           Consumables, Gila River                      161,227
           Spare parts, Gila River                    2,037,077
           Others                                         9,508
B.29   Animals                                                0
B.30   Crops                                                  0
B.31   Farming equipment                                      0
B.32   Farm supplies                                          0
B.33   Other personal property
           Arizona Public Service - FV Spread Option    194,487
           Arizona Public Service - Prepaid           3,874,800
           BP - FV Gas hedge derivative                 140,865
           Constellation - FV Spread Option             507,938
           Dewey Ballantine, LLP - Legal Retainer       150,000
           El Paso - Fuel Imbalance                   1,234,783
           Kroll Zolfo Cooper - Retainer              1,027,500
           Latham & Watkins - Legal Retainer          1,320,000
           Morgan Stanley - FV Spread Option          1,343,905
           PA Consulting - Retainer                     292,500
           Squires Sanders & Dempsey - Retainer         325,000
           UBS - FV Gas hedge derivative                455,745
           Others                                       147,662

        TOTAL SCHEDULED ASSETS                   $1,298,950,988
        ========================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims
           Aretex                                   $39,092,281
           Bank of Montreal                          20,258,974
           Barclays Bank PLC                         30,030,949
           Bayerische Hypo-Und Vereinsbank AG        30,030,949
           Bear Stearns                              13,891,065
           BNP Paribas                               30,030,949
           Cargill, Incorporated                     36,352,778
           CDC Finance - CDC Ixis                    20,258,974
           Citibank GRB                              41,288,111
           Citigroup Financial Products Inc           5,720,181
           Cobank, ACB                               28,600,904
           Credit Lyonnais (Calyon)                  16,683,861
           Credit Suisse/First Boston                17,189,547
           Dexia Bank                                30,030,949
           DZ Bank Deutsche Genossenschaftsbank AG   20,258,974
           Franklin Mutual                           51,009,110
           Hsh Nordbank AG                           16,683,861
           ING (US) Capital LLC                       9,533,635
           JPMorgan Chase Bank                        4,511,195
           KBC Bank N.V.                             20,258,974
           Landesbank Rheinland-Pfalz Girozentrale    9,533,635
           Lehman                                     5,050,556
           Merrill Lynch, Pierce,Fenner & Smith Inc. 28,234,289
           Natexis Banque Populaires                 16,683,861
           Norddeutsche Landesbank Girozentrale      33,632,121
           Quadrangle Master Funding Ltd             44,539,591
           Royal Bank of Canada                      33,462,375
           Royal Bank of Scotland                    32,036,798
           Satellite Senior Income Fund, LLC         24,588,834
           Scotiabanc Inc.                           30,030,949
           Societe Generale                          40,997,026
           Stonehill                                 26,913,904
           Toronto Dominion (Texas) Inc.             30,030,949
           UBS                                          Unknown

           * UBS only has participation in the LC Facility, which
             is contingent.

E.     Unsecured Priority Claims                   Unliquidated
F.     Unsecured Non-Priority Claims
           Contingent Claims
              Citibank (Credit Facility Fee)         $2,550,000
           Unliquidated Claims
              APS                                       600,000
              Arizona Public Service                    735,667
              BP Energy Company                       1,848,190
              ConocoPhillips Company                    519,748
              TECO Energy Inc                        75,658,451
              Think Energy Group                        125,000
              TransAlta Marketing (US) Inc              101,895
           Contingent, Unliquidated, & Disputed Claims
              Aquila Energy Marketing Corp              950,000
              General Electric International, Inc.   24,000,000
           Contingent and unliquidated
              PNM - FV Power hedge derivative         1,390,800
              Tucson - FV Power hedge derivative        449,160
            Others                                    1,354,965

         TOTAL SCHEDULED LIABILITIES               $947,734,985
         ======================================================


Panda Gila River, L.P., Union Power Partners, L.P., Trans-Union
Pipeline, L.P., and UPP Finance Co., LLC --
http://www.tecoenergy.com/-- own and operate the two largest
combined-cycle natural gas generation facilities in the United
States.  The Debtors filed for bankruptcy protection on Jan. 26,
2005 (Bank. D. Ariz. Case No. 05-01143, and 05-01149 through
05-01151).  Craig D. Hansen, Esq., Thomas J. Salerno, Esq., and
Sean T. Cork, Esq., at Squire, Sanders & Dempsey L.L.P., represent
the Debtors in their restructuring efforts.  When the Debtors
filed for protection from their creditors, they listed
$2,196,000,000 in total assets and $2,268,800,000 in total debts.
(TECO Affiliates Bankruptcy News, Issue No. 4; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


TECO AFFILIATES: Trans-Union's Schedules Of Assets And Liabilities
------------------------------------------------------------------

A.     Real Property                                         $0
B.     Personal Property
B.1    Cash on Hand                                           0
B.2    Bank Account                                           0
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             0
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
           Pipeline and related equipment
              El Dorado, Arkansas and
              Bienville, Louisiana                   38,946,146

              * The Debtors believe the actual value
                to be substantially less.

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

        TOTAL SCHEDULED ASSETS                      $38,946,146
        =======================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims
           Aretex                                   $34,433,166
           Bank of Montreal                          17,844,459
           Barclays Bank PLC                         26,451,787
           Bayerische Hypo-Und Vereinsbank AG        26,451,787
           Bear Stearns                              12,235,494
           BNP Paribas                               26,451,787
           Cargill, Incorporated                     32,020,164
           CDC Finance - CDC Ixis                    17,844,459
           Citibank GRB                              36,367,292
           Citigroup Financial Products Inc           5,038,436
           Cobank, ACB                               25,192,178
           Credit Lyonnais (Calyon)                  14,695,437
           Credit Suisse/First Boston                15,140,854
           Dexia Bank                                26,451,787
           DZ Bank Deutsche Genossenschaftsbank AG   17,844,459
           Franklin Mutual                           44,929,719
           HSH Nordbank AG                           14,695,437
           ING (US) Capital LLC                       8,397,393
           JPMorgan Chase Bank                        3,973,540
           KBC Bank N.V.                             17,844,459
           Landesbank Rheinland-Pfalz Girozentrale    8,397,393
           Lehman                                     4,448,619
           Merrill Lynch, Pierce,Fenner & Smith Inc. 24,869,257
           Natexis Banque Populaires                 14,695,437
           Norddeutsche Landesbank Girozentrale      29,623,762
           Quadrangle Master Funding Ltd             39,231,253
           Royal Bank of Canada                      29,474,246
           Royal Bank of Scotland                    28,218,573
           Satellite Senior Income Fund, LLC         21,658,276
           Scotiabanc Inc.                           26,451,787
           Societe Generale                          36,110,899
           Stonehill                                 23,706,239
           Toronto Dominion (Texas) Inc.             26,451,787
           UBS                                          Unknown

           * UBS only has participation in the LC Facility,
             which is contingent.

E.     Unsecured Priority Claims                   Unliquidated
F.     Unsecured Non-Priority Claims
              Union Power Partners                   35,596,831
         TOTAL SCHEDULED LIABILITIES                $773,238,453
         =======================================================


Panda Gila River, L.P., Union Power Partners, L.P., Trans-Union
Pipeline, L.P., and UPP Finance Co., LLC --
http://www.tecoenergy.com/-- own and operate the two largest
combined-cycle natural gas generation facilities in the United
States.  The Debtors filed for bankruptcy protection on Jan. 26,
2005 (Bank. D. Ariz. Case No. 05-01143, and 05-01149 through
05-01151).  Craig D. Hansen, Esq., Thomas J. Salerno, Esq., and
Sean T. Cork, Esq., at Squire, Sanders & Dempsey L.L.P., represent
the Debtors in their restructuring efforts.  When the Debtors
filed for protection from their creditors, they listed
$2,196,000,000 in total assets and $2,268,800,000 in total debts.
(TECO Affiliates Bankruptcy News, Issue No. 4; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


TECO AFFILIATES: Union Power's Schedules Of Assets And Liabilities
------------------------------------------------------------------

A.     Real Property                                         $0
B.     Personal Property
B.1    Cash on Hand
           Comerica Dallas, TX                          131,666
           Fidelity Investments New York, NY          6,082,304
B.2    Bank Account                                           0
B.3    Security Deposits                                  6,120
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             0
B.14   Bonds                                                  0
B.15   Accounts receivable
           Entergy                                      853,968
           Gila River Transition Company              1,779,688
           Regency Interstate Gas                       192,923
           TECO                                         167,031
           Tennessee Valley Authority                   194,825
           TPS Arkansas                                 464,652
           Trans Union Interstate Pipeline           35,596,831
           UPP Finance Company                      676,130,000
           Others                                        88,771
B.16   Alimony                                                0
B.17   Other liquidated debts owed
            AON Risk Services - Property Insurance    1,144,026
            Others                                      132,236
B.18   Equitable and future interests                         0
B.19   Contingent interests                                   0
B.20   Other contingent & unliquidated claims                 0
B.21   Patents, copyrights & trademarks                  95,026
B.22   Other intangibles                                      0
B.23   Automobiles                                      110,312
B.24   Boats                                                  0
B.25   Aircraft                                               0
B.26   Office equipment and supplies
           Small tools                                  108,476
           Software                                     147,233
           Others                                        86,743
B.27   Machinery, furniture and fixtures
           Plant equipment                          510,217,432
           Structures & improvements                583,058,178

           * The Debtors believe the actual value to be
             substantially less.

B.28   Inventory
           Balance of plant spare parts
              Union Power Station                     1,355,076
           LTSA spare parts, Union Power Station      6,025,687
B.29   Animals                                                0
B.30   Crops                                                  0
B.31   Farming equipment                                      0
B.32   Farm supplies                                          0
B.33   Other personal property
           Dewey Ballantine                             150,000
           Kroll Zolfo Cooper, LLC                      622,500
           Latham & Watkins                             780,000
           PA Consulting                                157,500
           Squires, Sanders & Dempsey                   175,000
           Others                                        67,181

        TOTAL SCHEDULED ASSETS                   $1,826,121,385
        =======================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims
           Aretex                                   $34,433,166
           Bank of Montreal                          17,844,459
           Barclays Bank PLC                         26,451,787
           Bayerische Hypo-Und Vereinsbank AG        26,451,787
           Bear Stearns                              12,235,494
           BNP Paribas                               26,451,787
           Cargill, Incorporated                     32,020,164
           CDC Finance - CDC Ixis                    17,844,459
           Citibank GRB                              36,367,292
           Citigroup Financial Products Inc           5,038,436
           Cobank, ACB                               25,192,178
           Credit Lyonnais (Calyon)                  14,695,437
           Credit Suisse/First Boston                15,140,854
           Dexia Bank                                26,451,787
           DZ Bank Deutsche Genossenschaftsbank AG   17,844,459
           Franklin Mutual                           44,929,719
           HSH Nordbank AG                           14,695,437
           ING (US) Capital LLC                       8,397,393
           JPMorgan Chase Bank                        3,973,540
           KBC Bank N.V.                             17,844,459
           Landesbank Rheinland-Pfalz Girozentrale    8,397,393
           Lehman                                     4,448,619
           Merrill Lynch, Pierce,Fenner & Smith Inc. 24,869,257
           Natexis Banque Populaires                 14,695,437
           Norddeutsche Landesbank Girozentrale      29,623,762
           Quadrangle Master Funding Ltd             39,231,253
           Royal Bank of Canada                      29,474,246
           Royal Bank of Scotland                    28,218,573
           Satellite Senior Income Fund, LLC         21,658,276
           Scotiabanc Inc.                           26,451,787
           Societe Generale                          36,110,899
           Stonehill                                 23,706,239
           Toronto Dominion (Texas) Inc.             26,451,787
           UBS                                          Unknown

           * UBS only has participation in the LC Facility,
             which is contingent.

E.     Unsecured Priority Claims                   Unliquidated
F.     Unsecured Non-Priority Claims
           Unliquidated Claims
              Quinn Water Association                  $140,000
              Southern Arkansas University              100,000
              TECO Energy Inc                       111,594,443
           Contingent, Unliquidated & Disputed claims
              Aquila Energy Marketing Corp            1,063,000
              Clearvalue, Inc.                          Unknown
              General Electric International Inc     24,000,000
           Union County Lease Payable               676,130,000
           Other Unliquidated Claims                    274,460

         TOTAL SCHEDULED LIABILITIES             $1,550,943,525
         ======================================================


Panda Gila River, L.P., Union Power Partners, L.P., Trans-Union
Pipeline, L.P., and UPP Finance Co., LLC --
http://www.tecoenergy.com/-- own and operate the two largest
combined-cycle natural gas generation facilities in the United
States.  The Debtors filed for bankruptcy protection on Jan. 26,
2005 (Bank. D. Ariz. Case No. 05-01143, and 05-01149 through
05-01151).  Craig D. Hansen, Esq., Thomas J. Salerno, Esq., and
Sean T. Cork, Esq., at Squire, Sanders & Dempsey L.L.P., represent
the Debtors in their restructuring efforts.  When the Debtors
filed for protection from their creditors, they listed
$2,196,000,000 in total assets and $2,268,800,000 in total debts.
(TECO Affiliates Bankruptcy News, Issue No. 4; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


TECO AFFILIATES: UPP Finance's Schedules of Assets and Liabilities
------------------------------------------------------------------

A.     Real Property                                         $0
B.     Personal Property
B.1    Cash on Hand                                           0
B.2    Bank Account                                           0
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             0
B.14   Bonds                                        676,130,000
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                     $676,130,000
        =======================================================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims
           Aretex                                   $34,433,166
           Bank of Montreal                          17,844,459
           Barclays Bank PLC                         26,451,787
           Bayerische Hypo-Und Vereinsbank AG        26,451,787
           Bear Stearns                              12,235,494
           BNP Paribas                               26,451,787
           Cargill, Incorporated                     32,020,164
           CDC Finance - CDC Ixis                    17,844,459
           Citibank GRB                              36,367,292
           Citigroup Financial Products Inc           5,038,436
           Cobank, ACB                               25,192,178
           Credit Lyonnais (Calyon)                  14,695,437
           Credit Suisse/First Boston                15,140,854
           Dexia Bank                                26,451,787
           DZ Bank Deutsche Genossenschaftsbank AG   17,844,459
           Franklin Mutual                           44,929,719
           HSH Nordbank AG                           14,695,437
           ING (US) Capital LLC                       8,397,393
           JPMorgan Chase Bank                        3,973,540
           KBC Bank N.V.                             17,844,459
           Landesbank Rheinland-Pfalz Girozentrale    8,397,393
           Lehman                                     4,448,619
           Merrill Lynch, Pierce,Fenner & Smith Inc. 24,869,257
           Natexis Banque Populaires                 14,695,437
           Norddeutsche Landesbank Girozentrale      29,623,762
           Quadrangle Master Funding Ltd             39,231,253
           Royal Bank of Canada                      29,474,246
           Royal Bank of Scotland                    28,218,573
           Satellite Senior Income Fund, LLC         21,658,276
           Scotiabanc Inc.                           26,451,787
           Societe Generale                          36,110,899
           Stonehill                                 23,706,239
           Toronto Dominion (Texas) Inc.             26,451,787
           UBS                                          Unknown

           * UBS only has participation in the LC Facility,
             which is contingent.

E.     Unsecured Priority Claims                              0
F.     Unsecured Non-Priority Claims
               Union Power Partners                 676,130,000

         TOTAL SCHEDULED LIABILITIES             $1,413,771,622
         ======================================================


Panda Gila River, L.P., Union Power Partners, L.P., Trans-Union
Pipeline, L.P., and UPP Finance Co., LLC --
http://www.tecoenergy.com/-- own and operate the two largest
combined-cycle natural gas generation facilities in the United
States.  The Debtors filed for bankruptcy protection on Jan. 26,
2005 (Bank. D. Ariz. Case No. 05-01143, and 05-01149 through
05-01151).  Craig D. Hansen, Esq., Thomas J. Salerno, Esq., and
Sean T. Cork, Esq., at Squire, Sanders & Dempsey L.L.P., represent
the Debtors in their restructuring efforts.  When the Debtors
filed for protection from their creditors, they listed
$2,196,000,000 in total assets and $2,268,800,000 in total debts.
(TECO Affiliates Bankruptcy News, Issue No. 3; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


TWINLAB CORP: Files January 2005 Monthly Operating Report
---------------------------------------------------------
On Feb. 15, 2005, Twinlab Corporation (n/k/a TL Administration
Corporation ), Twin Laboratories Inc. (n/k/a TL Administration
Inc.) and Twin Laboratories (UK) Ltd. (n/k/a TL Administration
(UK) Ltd.) filed their monthly operating reports for the month
ended Jan. 31, 2005, with the Securities and Exchange Commission.

At Jan. 31, 2005, Twinlab Corporation (n/k/a TL Administration
Corporation) reports that it has no independent means of
generating revenue due to its non-operation.  As a holding
company, Twinlab's internal sources of funds to meet its cash
needs, including the payment of expenses, are dividends and other
permitted payments from its direct and indirect subsidiaries.

Full-text copies of the Debtors' January 2005 Monthly Operating
Reports are available at no charge at:


http://www.sec.gov/Archives/edgar/data/1015868/000095012305001877/0000950123
-05-001877-index.htm


On Sept. 4, 2003, Twinlab Corporation, Twin Laboratories Inc.
and Twin Laboratories (UK) Ltd., commenced voluntary cases under
chapter 11 of title 11 of the United States Code in the United
States Bankruptcy Court for the Southern District of New York.
These chapter 11 cases are being jointly administered under
chapter 11 case number 03-15564 (CB) and are pending before the
Honorable Cornelius Blackshear.

Also, on Sept. 4, 2003, the Companies entered into that certain
asset purchase agreement with IdeaSphere, Inc. of Grand Rapids,
Michigan, pursuant to which the Companies sold substantially all
of their assets.  The sale closed on Dec. 9, 2003, effective as of
Dec. 9, 2003.  In connection with the sale, the Debtors obtained
an order from the Court authorizing them to change their names.
Twinlab Corporation changed its name to TL Administration
Corporation, Twin Laboratories Inc., changed its name to TL
Administration Inc., and Twin Laboratories (UK) Ltd., changed its
name to TL Administration (UK) Ltd.

The Debtors continue to operate as debtors-in-possession pursuant
to sections 1107(a) and 1108 of the Bankruptcy Code.


YUKOS OIL: Files Schedules of Assets and Liabilities
----------------------------------------------------

A.   Real Property                                         None

B.   Personal Property
B.2  Bank Accounts
        JSC Banque Societe General Vostok Moscow    $10,272,838
        Southwest Bank of Texas                       1,980,439
        Bank "Menatep St. Petersburg" (OJSC)
          Krasnoyarsk Branch                                498
        Trust Investment Bank                               330
B.12 Stocks and interests in businesses         $16,437,571,767

      A free copy of the list of stocks & interests
      is available at:

      http://bankrupt.com/misc/yukosstocks&interests.pdf

B.14 Government and corporate bonds
        Short term loans                            $52,777,704
        Various bills of exchange                   216,788,513
        Other short term investments                 22,461,968
        General Reserve                              (1,493,968)
B.15 Accounts Receivable
        Third Party
          Irkutsk custom                              7,893,194
          OOO BaltTrans Service                       5,485,662
          China International United Petroleum        4,747,839
          OAO YatutskGazprom                          3,603,772
          Legal bureau Reznik, Gagarin,
            Abushakhmin and partners                  2,814,730
          Energy Custom of Russian Federation         2,808,138
          FONTANA GROUP S.A.                          1,982,400
          State Customs Committee of Russia           1,928,505
          REID Minty Office Account                   1,850,625
          OOO PRO VISION Group                        1,436,487
          OOO Dinamo Moskva                           1,285,376
          AKB Investment Bank Trust                   1,113,100
          Fond analiticheskikh program Expertiza        997,344
          Legal Bureau Padva and Partners               930,987
          OOO NAFAPAL                                   803,808
          GUP Vostochno-Sibirskaya Railroad             634,676
          ZAO Gotodskoy Center bronirovaniya I Turizma  620,114
          OAO Izvestiya editorial                       562,764
          Novokuybyshevsky Neftekhimichesky kombinat    537,091
          Ministry of Defense of Russian Federation     516,443
          Others                                     15,334,464
        Intercompany
          OOO YUKOS Import                          921,553,470
          Routhenhold Holdings LTD                  558,071,890
          OOO YUKOS Vostok Trade                    263,549,668
          ZAO YUKOS Mamontovo                       140,635,156
          OOO Energotrade                           104,992,962
          OAO Tomskneft VNK                          64,951,340
          OOO Yukos Export Trade                     57,961,044
          OAO Samaraneftegaz                         56,378,727
          OAO Yuganskneftegas                        52,141,363
          OOO SIBINTEK-Leasing                       11,742,780
          OOO Torgovyi Dom YUKOS-M                    4,780,870
          A.B. Mazeikiu Nafta                         3,906,541
          OAO Novokuybyshevsky NPZ                    3,058,838
          OAO Kuybyshevsky NPZ                        2,967,633
          ZAO YUKOSTransService (Angarsk Branch)      2,836,745
          ZAO YUKOS Refining and Marketing            1,517,776
          OOO Strejevskoy NPZ                           994,635
          OOO Yukos Moskva                              745,143
          NGO Mejotraslevoy Tekhnologischeskyi Inst.    617,978
          OOO Zapadno-Malobalykskoe                     550,223
          Others                                      2,225,861
B.17 Liquidated Claims
        Long Term Loans                              19,501,010
B.22 Licenses, franchises and other intangibles
        Various oil and gas licenses                 19,888,349
        Various software licenses                     9,018,373
        Other intangibles                               265,316
B.23 Transportation                                     361,332
B.27 Machinery, fixtures, equipment and supplies
        Various materials and equipment               4,837,966
        Various pipelines and gathering systems      22,739,605
B.28 Inventory
        Raw materials                                12,903,033
        Finished Products                             1,918,728
B.33 Other Assets
        Costs associated with drilling oil
          and gas wells                              34,317,834
        Various temporary buildings                   3,921,526
        Infrastructure and auxiliary facilities      55,756,905
        Various other fixed assets                    2,905,168
        Various prepaid expenses                     15,489,178
        Infrastructure and auxiliary facilities
          in process                                126,594,692

               TOTAL SCHEDULED ASSETS           $19,384,847,493
               ================================================

C.   Property Claims As Exempt                   Not Applicable

D.   Secured Claims                                           0

E.   Unsecured Priority Claims
        Russian Federation Ministry for Taxes
          and Levies                            $23,007,556,307
        Energy Custom of Russian Federation          15,653,120
        Finance Dept. of Pyt-yakh City Admin.         1,218,128
        State Property Committee (Xanty-mansyisk)       617,388
        OAO Obneftegazgeologiya                         524,790
        OOO Service-Nafta                               355,509
        Achinsk City Administration                     109,969
        Krasnoyarsk Custom                               87,947
        Tomsk Taxes                                      12,610
        Bailiff's Office (Novokuybyshevsk)                   72

F.   Unsecured Nonpriority Claims
        Bank Debt
          Societe Generale - Bank group Agent       525,806,280
          Societe Generale - Shareholders' agent    804,875,408
        Non-affiliate Debt
          OAO AK Transneft                          106,816,721
          OOO Macro-Trade                            22,237,484
          OAO Bank MENATEP SPb (Moscow Branch)        2,928,271
          OOO Yupiter XXIV                            2,896,773
          BCEN Eurobank                               2,167,975
          OOO Kargill Yug                             1,520,462
          OOO Sovgeolnfo                              1,037,886
          OOO Prikasplyskburnegt-Povolgie             1,012,795
          OOO NPO Intekh                                910,493
          ZAO Investpribor                              863,655
          ZAO Tyumenskaya complexnaya                   812,371
            geologorazvedochnaya expeditzia
          OOO Venera XXI                                745,241
          ZAO PriceWaterhouseCoopers Audit              568,930
          Others                                      4,163,931
        Intercompany Debt
          Loans
            Brittnay Assets Limited                   5,000,000
            Yukos USA                                21,500,000
            Y-Mordoviya                           3,454,191,716
            YUKOS Capital S.A.R.L.                3,348,902,281
            Yukos Hydrocarbons Investment             1,000,000
          Accounts Payable                        3,828,989,268
            Energotrade OOO                       2,576,779,092
            OAO Tomsneft VNK                        466,295,056
            OOO YUKOS Vostok Trade                  413,489,681
            OAO Samaraneftegaz                       87,553,795
            OOO Fargoil                              76,269,941
            ZAO YUKOS-M                              70,453,568
            OOO YUKOS-Moskva                         45,496,055
            OOO YUKOS Expert Trade                   28,978,915
            OOO Zapadno-Malobalyskoe                 28,869,186
            Evoil OOO                                 5,640,903
            ZAO YUKOS Exploration & production        3,698,335
            OAO VSNK                                  3,697,825
            OAO Voronezhnefteprodukt                  3,369,527
            JSC Mazeikiu Nafta                        2,172,284
            ZAO Orelnefteprodukt                      2,082,980
            ZAO Lipetzknefteproduckt                  1,876,618
            OAO Belgorodnefteprodukt                  1,785,645
            OAO Tomsknefteprodukt VNK                 1,499,169
            OOO Y-Mordovia                            1,329,382
            ZAO Ulyanovsknefteprodukt                 1,143,475
            ZAO Bryansknefteprodukt                   1,111,584
            ZAO Sibirskaya Servisnaya Kompaniya       1,105,468
            ZAO YUKOS - Transservice (Angarsk)          781,435
            ZAO YUKOS Refining and Marketing            691,924
            ZAO Penzanefteprodukt                       673,725
            OOO Sibintek                                599,263
            Others                                    1,544,438
        Previously Affiliated Companies
          OAO Yuganskneftegas                     2,349,980,377

               TOTAL SCHEDULED DEBTS            $37,515,064,157
               ================================================


Headquartered in Houston, Texas, Yukos Oil Company --
http://www.yukos.com/ -- is an open joint stock company existing
under the laws of the Russian Federation.  Yukos is involved in
the energy industry substantially through its ownership of its
various subsidiaries, which own or are otherwise entitled to enjoy
certain rights to oil and gas production, refining and marketing
assets.  The Company filed for chapter 11 protection on Dec. 14,
2004 (Bankr. S.D. Tex. Case No. 04-47742).  Zack A. Clement, Esq.,
C. Mark Baker, Esq., Evelyn H. Biery, Esq., John A. Barrett, Esq.,
Johnathan C. Bolton, Esq., R. Andrew Black, Esq., Fulbright &
Jaworski, LLP, represent the Debtor in its restructuring efforts.
When the Debtor filed for protection from its creditors, it listed
$12,276,000,000 in total assets and $30,790,000,000 in total
debts. (Yukos Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


YUKOS OIL: Files Statement Of Financial Affairs
-----------------------------------------------
Bruce K. Misamore, Chief Financial Officer of Yukos Oil Company,
discloses that for the past three years, Yukos' business
operations generated income totaling:

          Period                          Amount
          ------                          ------
          01/01/04 - 09/30/04         $178,258,977
          01/01/03 - 12/31/03          237,607,160
          01/01/02 - 12/31/02          774,131,531

From other sources, Yukos earned these amounts:

          Period                          Amount
          ------                          ------
          01/01/04 - 09/30/04           $8,213,530
          01/01/03 - 12/31/03           51,721,860
          01/01/02 - 12/31/02           11,118,770

Fiscal Year 2003 is primarily comprised of a gain from securities
transactions.  Fiscal Year 2002 is primarily comprised of gains
from securities transactions, account payable write-offs
resulting in forgiveness of debt, and miscellaneous income.

The amounts listed in Yukos' generated income were converted from
Russian Rubles to US Dollars utilizing the average exchange rates
for the specific period:

          Period                          Rates
          ------                          -----
          01/01/04 - 09/30/04            $28.90
          01/01/03 - 12/31/03             30.66
          01/01/02 - 12/31/02             31.37

Within the 90-day period immediately preceding the Petition Date,
Yukos paid $1,396,556,920 to its creditors, including:

     Creditor                              Date         Amount
     --------                              ----         ------
     KhMAO Region Treasury Dept. of
       Ministry of Finance                 9/15/04   $23,733,495

     KhMAO Region Treasury Dept. of
       Ministry of Finance                 9/17/04   106,104,191

     KhMAO Region Treasury Dept. of
       Ministry of Finance                10/01/04    31,942,117

     Moscow Dept. of Ministry of Justice  10/12/04    21,420,989

     Moscow Dept. of Ministry of Justice  10/18/04    42,725,073

     Moscow Dept. of Ministry of Justice  10/18/04   105,726,700

     Moscow Dept. of Ministry of Justice  10/19/04    53,240,988

     Moscow Dept. of Ministry of Justice  10/20/04   131,551,303

     Moscow Dept. of Ministry of Justice  10/26/04    92,467,712

     Moscow Dept. of Ministry of Justice  10/26/04   118,196,780

     Moscow Dept. of Ministry of Justice  10/27/04    48,614,518

     Moscow Dept. of Ministry of Justice  11/03/04    32,725,887

     Moscow Dept. of Ministry of Justice  11/10/04    23,142,719

     Moscow Dept. of Ministry of Justice  11/24/04    52,006,649

     Moscow Dept. of Ministry of Justice  12/03/04    35,200,280

     KhMAO Region Treasury Dept. of
       Ministry of Finance                12/14/04    43,549,102

     Others                                          434,208,417

The amounts paid to Yukos' creditors were converted from Russian
Rubles to US Dollars using the average exchange rate for the 90-
day period from September 15, 2003, to December 14, 2004, which
was of $28.76s.

Due to time constraint and difficulty searching Yukos' database,
Mr. Misamore relates that the list of payments to insiders has
not yet been refined as of February 9, 2005.  However, Yukos
provided the Court with a 697-page list of payments, inclusive of
all payments made to any insider.

Mr. Misamore further discloses that Yukos is a party to 73
lawsuits that are now pending or stayed in the courts where they
were filed.

Mr. Misamore also notes that on April 16, 2004, the Russian
Government arrested Yukos' stock holdings of all first tier
subsidiaries, including oil and gas exploration and production
and refining and marketing subsidiaries, for the Russian
Federation Ministry for Taxes and Levies' benefit.

Within one year preceding the Petition Date, Yukos gave gifts and
made charitable contributions totaling $61,293,000.  In the same
period, Yukos paid Fulbright & Jaworski, LLP, $5,519,561 in legal
fees:

    Payor                            Description      Net Payment
    -----                            -----------      -----------
    Yukos Oil from Proceeds of       Legal
    Loans from Yukos Hydrocarbons    Prepetition Fees    $519,561

    Yukos Oil from Proceeds of
    Loan from Brittany Assets
    Limited, a B.V.I. Company        Retainer           5,000,000

Yukos made several set-offs to various entities totaling
$1,396,549,398, within the 90-day period preceding the Petition
Date.  Mr. Misamore points out that during the 90 days prior to
the Petition Date, various Russian taxing authorities seized
$1,390,549,398 from Yukos' bank accounts.  Yukos believes that
these amounts have been applied as a setoff against the asserted
tax claims and penalties.

Pursuant to a comprehensive agreement, YUKOS-Finansovo
Buhgaltersky Center keeps and maintains all of Yukos' financial
books and records since January 2001.  PricewaterhouseCoopers
Moscow was retained by Yukos on December 31, 2003, to perform
auditing services.

Through September 30, 2003, Yukos submitted their consolidated
financial statements to the Securities and Exchange Commission
using the U.S. GAAP.  As a result, the company's consolidated
financial statements are publicly available.  In addition, Yukos
generally provided their consolidated and consolidating financial
statements directly to their primary lenders, and in certain
circumstances, to other parties in the ordinary course of
business, including in support of requests for extensions of
trade credit and in connection with investor relations
correspondence.  Quarterly, Yukos submitted its Russian GAAP
financial statement in accordance with local requirements to the
Russian Tax Authorities.

According to Mr. Misamore, as of February 9, 2005, Yukos'
insiders are:

    Current Directors                    Title
    -----------------                    -----
    Viktor Gerashchenko                  Chairman of the Board
    Alexei Kontorovich                   Director
    Bernard Loze                         Director
    Francois Buclez                      Director
    Yurii Golubev                        Director
    Yurii Pokholkov                      Director

    Current Officers                     Title
    -----------------                    -----
    Yukos Moscow
    (Members of Managing Board)          Chief Executive Officer
    Bruce Misamore                       Chief Financial Officer
    Irina Golub                          Chief Accounting Officer

    Current Managing Board Members
    of Yukos Moscow                      Title
    -----------------                    -----
    Yukos Moscow
    (Members of Managing Board)          Chief Executive Officer
    Steven Theede                        Managing Board Chairman
    Bruce Misamore                       Active
    Alexander Temerko                    Active
    Mikhail Elfimov                      Active
    Yurii Beilin                         Active

Known stockholders who directly or indirectly own, control, or
hold 5% or more of the voting or equity securities of Yukos are:

    Name of Shareholder         Percentage of Stock Ownership
    -------------------         -----------------------------
    Hully Enterprises                    48.70%
    Millhouse Capital (SPV)              10.00% - 26.00%
    Veterans Petroleum Trust             10.09%

Seven individuals have resigned from Yukos' Board of Directors:

    Name                       Title           Reason
    ----                       -----           ------
    Simon Kukes                Board Chairman  Replaced by Vote
    Mikhail Khodorkovsky       Director        Replaced by Vote
    Edgar Ortiz                Director        Resigned
    Jacques Kosciusko-Morizet  Director        Resigned
    Michel Soublin             Director        Resigned
    Raj Gupta                  Director        Resigned
    Sarah Carey                Director        Resigned

Mr. Misamore notes that although these individuals have resigned
as members of the Board of Directors, Russian law does not permit
formal dismissal of duties until approved by a shareholders'
meeting.  Therefore, their formal resignations have not been
completed.

Headquartered in Houston, Texas, Yukos Oil Company --
http://www.yukos.com/ -- is an open joint stock company existing
under the laws of the Russian Federation.  Yukos is involved in
the energy industry substantially through its ownership of its
various subsidiaries, which own or are otherwise entitled to enjoy
certain rights to oil and gas production, refining and marketing
assets.  The Company filed for chapter 11 protection on Dec. 14,
2004 (Bankr. S.D. Tex. Case No. 04-47742).  Zack A. Clement, Esq.,
C. Mark Baker, Esq., Evelyn H. Biery, Esq., John A. Barrett, Esq.,
Johnathan C. Bolton, Esq., R. Andrew Black, Esq., Fulbright &
Jaworski, LLP, represent the Debtor in its restructuring efforts.
When the Debtor filed for protection from its creditors, it listed
$12,276,000,000 in total assets and $30,790,000,000 in total
debts. (Yukos Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)

                          *********

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                          *********

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

Troubled Company Reporter is a daily newsletter co-published by
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 2005.  All rights reserved.  ISSN: 1520-9474.

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