TCR_Public/050813.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, August 13, 2005, Vol. 9, No. 191

                          Headlines

ACCEPTANCE INSURANCE: Earns $1 Million of Net Income in July 2005
AMES DEPT: Earns $2 Mil. of Net Income for Period Ended May 28
ANCHOR GLASS: Condensed Balance Sheet at March 31, 2005
CATHOLIC CHURCH: Portland's June 2005 Monthly Operating Report
COLLINS & AIKMAN: Earns $3 Million of Net Income in June 2005

FEDERAL-MOGUL: Posts $100,000 Net Loss in June 2005
FRIEDMAN'S INC: Files June 2005 Monthly Operating Report
MIRANT CORP: Earns $12.6 Million of Net Income in June 2005
MIRANT CORP: MAGi Earns $13 Million of Net Income in June 2005
PILLOWTEX CORP: Earns $4MM of Net Income for Period Ended July 2

ROBOTIC VISION: Posts $1 Million Net Loss in May 2005
THAXTON GROUP: Posts $71 Million Cumulative Net Loss in June 2005
USG CORP: Earns $35 Million of Net Income in June 2005
USGEN NEW ENGLAND: Monthly Operating Reports for April & May 2005
WESTPOINT STEVENS: Posts $23.6 Million Net Loss in June 2005

WESTPOINT STEVENS: WP Stevens I Earns $3MM of Net Income in June
WESTPOINT STEVENS: WP Stevens Stores' June 2005 Operating Report
WESTPOINT STEVENS: JP Stevens' June 2005 Monthly Operating Report
WESTPOINT STEVENS: JP Stevens Enterprises' June Operating Report
WINN-DIXIE: Posts $40 Mil. Net Loss for the Period Ended June 29


                          *********


ACCEPTANCE INSURANCE: Earns $1 Million of Net Income in July 2005
-----------------------------------------------------------------
On Aug. 4, 2005, Acceptance Insurance Companies Inc. filed its
monthly operating report for July 2005 with the U.S. Bankruptcy
Court for the District of Nebraska.

The Debtor reports a $1,097,156 net income on $8,237 of revenue
for July 2005.

At July 31, 2005, Acceptance Insurance Companies Inc.'s balance
sheet showed:

      Total Current Assets                   $2,701,093
      Total Assets                           33,267,689
      Total Liabilities                     138,185,974
      Total Shareholders' Equity Deficit  ($104,918,285)

A full-text copy of Acceptance Insurance Companies Inc.'s July
2005 Monthly Operating Report is available at no charge at
http://ResearchArchives.com/t/s?c3

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly  
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.  The Company filed
for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case
No. 05-80059).  The Debtor's affiliates -- Acceptance Insurance
Services, Inc., and American Agrisurance, Inc. -- filed separate
chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 & 05-
80058) on Jan. 7, 2005.  John J. Jolley, Esq., at Kutak Rock LLP,
represents the Debtor in its restructuring efforts.  When the
Debtor filed for protection from its creditors, it listed
$33,069,446 in total assets and $137,120,541 in total debts.


AMES DEPT: Earns $2 Mil. of Net Income for Period Ended May 28
--------------------------------------------------------------

          Ames Department Stores, Inc., and Subsidiaries
          Unaudited Consolidated Condensed Balance Sheets
                         At May 28, 2005
                          (In Thousands)

ASSETS
Current Assets:
       Cash and cash equivalents                        $18,979
       Restricted cash                                   58,680
       Receivables                                        2,033
                                                     ----------
Total current assets                                     79,692
Fixed Assets                                                  -
                                                     ----------
Total Assets                                            $79,692
                                                     ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
       Accounts payable:
       Trade                                            $55,551
       Other                                             11,003
                                                     ----------
Total accounts payable                                   66,554

Self-insurance reserves                                  28,839
Accrued expenses                                         19,535
Liabilities subject to compromise                       843,005
                                                     ----------
Total liabilities                                       957,933

Stockholders' equity (deficit)
       Common stock                                         295
       Additional paid-in capital                       533,393
       Accumulated deficit                           (1,411,007)
       Treasury stock                                      (922)
                                                     ----------
Total stockholders' deficit                            (878,241)
                                                     ----------
Total liabilities and stockholders' equity              $79,692
                                                     ==========

          Ames Department Stores, Inc., and Subsidiaries
    Unaudited Consolidated Condensed Statement of Operations
             For the Four Weeks Ended May 28, 2005
                          (In Thousands)

Total revenue                                            $2,694

Costs and expenses
       Wind down expenses and other costs                   577
       Gain on Sale of Assets                               (36)
       Write off of excess reserves                           -
       Professional fees                                    100
                                                     ----------
Gain before income taxes                                  2,053
Income tax provision                                          -
                                                     ----------
Net Gain                                                 $2,053
                                                     ==========

          Ames Department Stores, Inc., and Subsidiaries
     Unaudited Consolidated Condensed Statements of Cash Flows
               For the Four Weeks Ended May 28, 2005
                          (In Thousands)

Cash flows from operating activities:
       Net gain                                          $2,053
       Expenses not requiring the outlay of cash:
          Gain on the sale of assets                        (36)

Cash used by operations                                   2,017

Changes in working capital:
       Decrease in receivables                               16
       Decrease in accrued exp. and other liabilities      (227)
       Increase in accounts payable                          21
       Decrease in Restricted Cash                          320
                                                     ----------
Net cash used by operating activities                     2,147
Cash flows from financing activities:
       Change in liabilities subject to compromise       (3,010)
       Proceeds from the sale of assets                      36
                                                     ----------
Net cash provided by financing activities                (2,974)

Decrease in cash and cash equivalents                      (827)
Cash and cash equivalents, beginning of period           19,806
                                                     ----------
Cash and cash equivalents, end of period                $18,979
                                                     ==========

Ames Department Stores filed for chapter 11 protection on Aug. 20,
2001 (Bankr. S.D.N.Y. Case No. 01-42217).  Albert Togut, Esq.,
Frank A. Oswald, Esq. at Togut, Segal & Segal LLP and Martin J.
Bienenstock, Esq., and Warren T. Buhle, Esq., at Weil, Gotshal &
Manges LLP represent the Debtors in their restructuring efforts.  
When the Company filed for protection from their creditors, they
listed $1,901,573,000 in assets and $1,558,410,000 in liabilities.
(AMES Bankruptcy News, Issue No. 71; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


ANCHOR GLASS: Condensed Balance Sheet at March 31, 2005
-------------------------------------------------------

                 Anchor Glass Container Corporation
                      Condensed Balance Sheets
                          At March 31, 2005
                             (unaudited)
                  

ASSETS                 

Current assets:                 
   Cash and cash equivalents                          $127,000
   Accounts receivable                              49,539,000
   Inventories:                 
      Raw materials and manufacturing supplies      27,356,000
      Finished products                             98,208,000
   Other current assets                             12,255,000
                                                  ------------
      Total current assets                         187,485,000

Property, plant and equipment, net                 453,971,000
Other assets                                        14,226,000
Intangible assets                                    5,858,000
                                                  ------------
                                                  $661,540,000
                                                  ============

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                 

Current liabilities:                 
   Borrowings under revolving credit facilities    $71,242,000
   Current maturities of long-term debt              9,458,000
   Accounts payable                                 61,217,000
   Accrued expenses                                 23,796,000
   Accrued interest                                  5,533,000
   Accrued compensation and employee benefits       26,280,000
                                                  ------------
      Total current liabilities                    197,526,000
                  
Long-term debt                                     409,966,000
Long-term post-retirement liabilities               40,942,000
Other long-term liabilities                         18,128,000
                                                  ------------
                                                   469,036,000
Stockholders' deficit:                 
   Common stock                                      2,468,000
   Capital in excess of par value                  127,721,000
   Accumulated deficit                            (137,484,000)
   Accumulated other comprehensive income (loss)     2,273,000
                                                  ------------
                                                    (5,022,000)
                                                  ------------
                                                  $661,540,000
                                                  ============

Headquartered in Tampa, Florida, Anchor Glass Container   
Corporation is the third-largest manufacturer of glass containers  
in the United States.  Anchor manufactures a diverse line of flint   
(clear), amber, green and other colored glass containers for the  
beer, beverage, food, liquor and flavored alcoholic beverage  
markets.  The Company filed for chapter 11 protection on Aug. 8,   
2005 (Bankr. M.D. Fla. Case No. 05-15606).  Robert A. Soriano,   
Esq., at Carlton Fields PA, represents the Debtor in its  
restructuring efforts.  When the Debtor filed for protection from  
its creditors, it listed $661.5 million in assets and $666.6  
million in debts.

The Company previously filed for chapter 11 protection on Apr. 15,  
2002.  The U.S. Bankruptcy Court for the District of Delaware  
confirmed the company's Amended Plan of Reorganization on Aug. 8,  
2002, and the Company emerged from chapter 11 on August 30, 2002,  
that delivered equity in the reorganized company to affiliates of  
investment firm Cerberus Capital Management, L.P.  In September  
2003, Anchor Glass completed an IPO.  Cerberus affiliates own a  
60% stake in Anchor Glass.  (Anchor Glass Bankruptcy News, Issue
No. 1; Bankruptcy Creditors' Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Portland's June 2005 Monthly Operating Report
--------------------------------------------------------------

                         Pastoral Center
                Archdiocese of Portland in Oregon
                 Statement of Financial Position
                       As of June 30, 2005

ASSETS

Cash and cash equivalents                           $15,161,593
Accounts receivable, net                                574,163
Notes, estates and other receivables                 11,446,520
Loans receivable from Archdiocesan entities, net     10,287,201
Loans receivable from Archdiocesan housing entities     522,109
Interest receivable and other assets                    206,246
Inventories                                           1,492,422
Real Property                                           226,688
Deposits and prepaid expenses                           497,289
Investments                                          91,331,165
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   8,234,735
                                                 --------------
Total Assets                                       $141,620,131
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                 $777,185
      Accrued liabilities                             2,240,356
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              18,101,483
         Long-term pool investments payable          19,642,572
      Reserve for insurance claims                    2,343,946
      Notes payable                                  11,140,712
      Pre-need liability and reserve                    456,268
      Accrued port-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     62,309,774
                                                 --------------
   Postpetition
      Accounts payable                                  650,374
      Accrued liabilities                             4,551,642
      Funds held for others
         Second Collections                             149,013
         Short-term investments payable               2,023,124
         Long-term pool investments                   2,482,738
      Reserve for insurance claims                            -
      Notes payable                                           -
      Pre-need liability and reserve                     19,783
      Accrued port-retirement liability                       -
                                                 --------------
   Total Postpetition Liabilities                     9,876,674
                                                 --------------
     Total Liabilities                               72,186,448
                                                 --------------

Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,687,003
      Other Assets                                   (3,254,778)
                                                 --------------
   Total Prepetition Net Assets                      66,432,225
                                                 --------------

   Postpetition Net Assets:
      Charitable Trust Assets                         1,530,249
      Other Assets                                    1,471,209
                                                 --------------
   Total Postpetition Net Assets                      3,001,458
                                                 --------------
      Total Net Assets                               69,433,683
                                                 --------------
Total liabilities & net assets                     $141,620,131
                                                 ==============

                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
               For the month ending June 30, 2005

Revenues, gains and other support
   Annual Catholic Appeal income                         $1,204
   Gross profit on cemetery sales                        98,515
   Contributions, gifts, annuities and bequests         825,807
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   433,982
   Change in unrealized losses                          624,120
   Insurance premiums, net                               (2,625)
   Interest income from loans                            36,311
   Parish assessments                                   241,023
   Other income                                         130,882
   Departmental revenues                                 30,297
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support           2,419,516
                                                 --------------

Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    197,204
      Clergy Services                                    39,250
      Catholic Schools                                   62,298
      Pastoral Services                                  61,453
      Evangelization Services                            45,961
      Public Services                                    11,890
      Tribunal Services                                  20,536
      Deposit and loan interest                         105,333
      Insurance program                                 215,952
      Cemetery operating expenses                       113,271
      High School grants/charitable annuities            19,592
      Other program expenses                            127,070
                                                 --------------
         Total program services                       1,019,810
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         46,693
      Finance & Administration:
         Resource Development                            52,878
         Business Affairs                                 9,469
         Financial Services                              90,281
      Human Resources                                    27,601
      Shared Services                                    27,263
      Occupancy and physical plant expenses               7,271
      Designated funds expense                           94,180
      Bankruptcy expense                                227,493
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                      583,129
                                                 --------------
         Total expenses and program support           1,602,939
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets             816,577

Fund transfers - in (out)                                     -

Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                       816,577

Net assets at beginning of year                      68,617,106
                                                 --------------
Net assets at end of year                           $69,433,683
                                                 ==============

                Archdiocese of Portland in Oregon
           Statement of Cash Receipts and Disbursements
              For the month ending June 30, 2005

Beginning Cash Balance:                             $15,295,099
Add:
   Transfers in                                         310,843
   Receipts Deposited                                 2,150,717
   Other (Return of Direct Deposits)                          -
   Other (Interest Income)                               40,001
                                                 --------------
   Total Cash Receipts                                2,501,561

Subtract:
   Transfers out                                       (310,843)
   Disbursements by check or debit                   (2,322,307)
   Cash withdrawn                                             -
   Other (Service Charges)                               (1,451)
   Other (NSF Checks)                                      (466)
   Other (Clear Interfund Rec/Pay)                            -
                                                 --------------
   Total Cash Disbursements                          (2,635,066)
                                                 --------------
Ending Cash Balance                                 $15,161,594
                                                 ==============

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., at Sussman
Shank LLP, represent the Portland Archdiocese in its restructuring
efforts.  In its 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. 37; Bankruptcy Creditors'  
Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Earns $3 Million of Net Income in June 2005
-------------------------------------------------------------

                  Collins & Aikman Corporation
                         Balance Sheet
                      As of June 30, 2005

                            ASSETS

Current assets:
   Cash                                             $15,512,604
   Accounts receivable                              126,259,963
   Other non-trade receivables                        6,304,934
   Inventories, net                                 113,975,114
   Tooling and molding, net - current                49,822,885
   Prepaids & other current assets                   57,564,871
   Deferred tax assets - current                        (87,825)
                                                ---------------
   Total current assets                             369,352,545

Investment in subsidiaries                        2,534,708,519
Fixed assets, net                                   368,586,793
Goodwill, net                                       978,554,071
Deferred tax assets - long term                      25,938,826
Tooling and molding, net-long term                   14,942,275
Other noncurrent assets                              99,766,819
Intercompany assets                                 620,706,706
PP IC accounts receivable                        26,928,065,464
                                                ---------------
TOTAL ASSETS                                    $31,940,622,017
                                                ===============

                      LIABILITIES & EQUITY

Current liabilities:
   Notes payable                                             $0
   Short term borrowings                                      0
   Advance on receivables                                     0
   Current portion - long term debt                 169,912,952
   Current portion - capital leases                           0
   Accounts payable                                  40,707,316
   Accrued interest payable                              17,200
   Accrued & other liabilities                       31,864,532
   Income taxes payable                              (3,533,112)
                                                ---------------
   Total current liabilities                        238,968,888

Liabilities subject to compromise
   2010 - A/P - trade - prepetition                 192,412,564
   2014 - A/P - rec'd - not invoiced prepetition      7,844,970
   2030 - A/P - prepetition other                   (33,109,966)
   2071 - A/P - tooling                              38,947,529
   2072 - A/P - capital                               1,848,168

   2210 - PP Accrued liabilities                    118,207,968
   2215 - PP Accrued local property tax               1,278,899
   2220 - PP Accrued sales & use tax                   (169,022)
   2225 - PP Environmental reserve                   27,434,356
   2235 - PP restructuring reserve                   14,813,739
   2240 - PP long term debt                       1,587,697,736
   2245 - PP Capital leases                             609,224
   2062 - PP IC short term notes payables           629,201,325
   2462 - PP IC short term interest payables         21,102,840
   2652 - PP IC long term note payable                5,189,420
   2911 - PP IC accounts payables                25,585,418,635

   2061 - Intercompany S/T loans/notes payable       11,069,801
   2910 - Intercompany trade accounts payable       594,066,673

   Deferred income taxes                             20,831,599
   Preferred stock of Products Co.                  222,875,520
   Other noncurrent liabilities                     144,937,322
                                                ---------------
   Total liabilities subject to compromise       29,192,509,302
                                                ---------------
Total Liabilities                                29,431,478,190

Total Equity                                      2,509,143,828
                                                ---------------
TOTAL LIABILITIES & EQUITY                      $31,940,622,017
                                                ===============

                  Collins & Aikman Corporation
                        Income Statement
                   Month Ended June 30, 2005

Net outside sales                                  $271,134,466
I/D Net sales                                        14,330,757
I/G Net sales                                         5,311,432
                                                ---------------
Total sales                                         290,776,654
Cost of sales                                       264,598,856
                                                ---------------
Gross profit                                         26,177,798

Selling, general & administrative expense            28,372,201
                                                ---------------
Operating income                                     (2,194,402)

Interest expenses                                     3,675,777
Intercompany interest, net                           (7,147,084)
Preferred stock accretion                                     0
Miscellaneous (income)/expense                           88,989
Corporate allocation adjustment                               0
Commission income                                      (147,588)
Royalty income                                                0
Royalty expense                                        (635,829)
Income from invest in JV                                (93,086)
Minority interest in cons net income                          0
Dividend income                                               0
Discount/Income for Carcorp.                                  0
Gain/(Loss) early extinguishments of debt                     0
Discount/Premium on hedges                                    0
(Gain)/Loss on hedges                                         0
(Gain)/Loss on swaps                                          0
NAAIS Intercompany sales profit                               0
Loss on sale of receivables                                   0
Restructuring provision                                       0
Foreign transactions - (Gain)/Loss                     (203,132)
Amount of discount on NPV of liabilities                      0
(Gain)/Loss on sale - leaseback transaction                   0
                                                ---------------
Income from continuing operations before taxes        2,267,549

Federal income tax                                     (940,713)
State income tax                                              0
Foreign income tax                                       19,678
                                                ---------------
Income from continuing operations                     3,188,584

Discontinued operations                                       0
Gain/Loss on sale of divisions                                0
Extraordinary items                                           0
Integration                                                   0
                                                ---------------
NET INCOME                                           $3,188,584
                                                ===============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit     
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and  
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 10; Bankruptcy Creditors' Service, Inc., 215/945-7000)


FEDERAL-MOGUL: Posts $100,000 Net Loss in June 2005
---------------------------------------------------

                 Federal-Mogul Global, Inc., et al.
                      Unaudited Balance Sheet
                         As of June 30, 2005
                           (In millions)

                              Assets

Cash and equivalents                                     $424.3
Accounts receivable                                       625.3
Inventories                                               478.9
Deferred taxes                                            181.5
Prepaid expenses and other current assets                  99.5
                                                     ----------
Total current assets                                    1,809.5

Summary of Unpaid Postpetition Debits                     (26.7)
Intercompany Loans Receivable (Payable)                 2,496.2
                                                     ----------
Intercompany Balances                                   2,469.5

Property, plant and equipment                             985.5
Goodwill                                                1,012.3
Other intangible assets                                   429.9
Insurance recoverable                                     810.2
Other non-current assets                                1,007.1
                                                     ----------
Total Assets                                           $8,523.9
                                                     ==========

                Liabilities and Shareholders' Equity

Short-term debt                                          $362.8
Accounts payable                                          198.1
Accrued compensation                                       73.5
Restructuring and rationalization reserves                  8.9
Current portion of asbestos liability                         -
Interest payable                                            2.6
Other accrued liabilities                                 279.1
                                                     ----------
Total current liabilities                                 925.0

Long-term debt                                                -
Post-employment benefits                                1,951.7
Other accrued liabilities                                 954.1
Liabilities subject to compromise                       5,999.8

Shareholders' equity:
    Preferred stock                                     1,050.6
    Common stock                                          565.8
    Additional paid-in capital                          8,021.6
    Accumulated deficit                                (9,752.8)
    Accumulated other comprehensive income             (1,191.8)
    Other                                                     -
                                                     ----------
Total Shareholders' Equity                             (1,306.6)
                                                     ----------
Total Liabilities and Shareholders' Equity             $8,523.9
                                                     ==========

                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Operations
                For the month ended June 30, 2005
                           (In millions)

Net sales                                                $292.8
Cost of products sold                                     244.5
                                                     ----------
Gross margin                                               48.3

Selling, general & administrative expenses                (39.0)
Amortization                                               (1.2)
Reorganization items                                       (7.6)
Interest income (expense), net                            (10.6)
Other income (expense), net                                15.7
                                                     ----------
Earnings before Income Taxes                                5.6

Income Tax (Expense) Benefit                               (5.6)
                                                     ----------
Earnings before effect of change in acctg principle        (0.1)
Cumulative effect of change in acctg principle                -
                                                     ----------
Net Earnings (loss)                                       ($0.1)
                                                     ==========

                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Cash Flows
                For the month ended June 30, 2005
                           (In millions)

Cash Provided From (Used By) Operating Activities:
    Net earnings (loss)                                   ($0.1)

Adjustments to reconcile net earnings (loss):
    Depreciation and amortization                          14.0
    Adjustments of assets held for sale to fair value         -
    Asbestos Charge                                           -
    Summary of unpaid postpetition debits                     -
    Cumulative effect of change in acctg principle            -
    Change in post-employment benefits                     (0.7)
    Decrease/(increase) in accounts receivable             12.3
    Decrease/(increase) in inventories                      3.1
    Increase/(decrease) in accounts payable               (18.6)
    Change in other assets and other liabilities           23.9
    Change in restructuring charge                         (0.8)
    Refunds (payments) against asbestos liability             -
                                                     ----------
Net Cash Provided From Operating Activities                33.1

Cash Provided From (Used By) Investing Activities:
    Expenditures for property, plant & equipment           (9.5)
    Proceeds from sale of property, plant & equipment         -
    Proceeds from sale of businesses                          -
    Business acquisitions, net of cash acquired               -
    Other                                                     -
                                                     ----------
Net Cash Provided From (Used By) Investing Activities      (9.5)

Cash Provided From (Used By) Financing Activities:
    Increase (decrease) in debt                             1.1
    Sale of accounts receivable under securitization          -
    Dividends                                                 -
    Other                                                  (4.0)
                                                     ----------
Net Cash Provided From Financing Activities                (2.9)

Increase (Decrease) in Cash and Equivalents                20.7

Cash and equivalents at beginning of period               403.6
                                                     ----------
Cash and equivalents at end of period                    $424.3
                                                     ==========

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is one of the world's largest  
automotive parts companies with worldwide revenue of some US$6
billion.  The Company filed for chapter 11 protection on October
1, 2001 (Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq.,
James F. Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin
Brown & Wood, and Laura Davis Jones Esq., at Pachulski, Stang,
Ziehl, Young, Jones & Weintraub, P.C., represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed US$10.15 billion in
assets and US$8.86 billion in liabilities.  At Dec. 31, 2004,
Federal-Mogul's balance sheet showed a US$1.925 billion
stockholders' deficit.  At Mar. 31, 2005, Federal-Mogul's balance
sheet showed a US$2.048 billion stockholders' deficit, compared to
a US$1.926 billion deficit at Dec. 31, 2004.  Federal-Mogul
Corp.'s U.K. affiliate, Turner & Newall, is based at Dudley Hill,
Bradford. (Federal-Mogul Bankruptcy News, Issue No. 90; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


FRIEDMAN'S INC: Files June 2005 Monthly Operating Report
--------------------------------------------------------
On Aug. 1, 2005, Friedman's Inc. and its debtor-affiliates filed
their consolidated monthly operating reports for the period from
May 29, 2005, through July 2, 2005, with the U.S. Bankruptcy
Court for the Southern District of Georgia.

At July 2, 2005, Friedman's Inc. and its debtor-affiliates'
financial reports show:

      Beginning Cash Balance                  $4,070,869
      Total Cash Receipts                     53,520,324
      Total Cash Disbursements                58,638,158
      Ending Cash Balance                    ($1,046,965)

A full-text copy of Friedman's Inc. and its debtor-affiliates'
Monthly Operating Reports for the period ended July 2, 2005, is
available at no charge at http://ResearchArchives.com/t/s?b5

Headquartered in Savannah, Georgia, Friedman's Inc. --
http://www.friedmans.com/-- is the parent company of a group of  
companies that operate fine jewelry stores located in strip
centers and regional malls in the southeastern United States.  The
Company and its affiliates filed for chapter 11 protection on Jan.
14, 2005 (Bankr. S.D. Ga. Case No. 05-40129). John W. Butler, Jr.,
Esq., George N. Panagakis, Esq., Timothy P. Olson, Esq., and Alexa
N. Paliwal, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
represent the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
$395,897,000 in total assets and $215,751,000 in total debts.


MIRANT CORP: Earns $12.6 Million of Net Income in June 2005
-----------------------------------------------------------

                   Mirant Corporation and Subsidiaries
                       Consolidated Balance Sheet
                          As of June 30, 2005

ASSETS

Cash and cash equivalents                        $1,495,204,506
Accounts receivable - net                           676,516,946
Assets from risk management activities              347,640,673
Derivative hedging instruments                                -
Inventories                                         358,467,990
Other                                               986,147,347
                                                ---------------
        Total Current Assets                      3,863,977,462

Property, plant and equipment                     5,219,226,645
Less: accumulated depreciation/depletion            914,859,089
Leasehold interests - net                         1,459,321,743
Construction work in progress                       173,586,409
Investment in suspended construction                174,896,884
                                                ---------------
        Total net property, plant and equipment   6,112,172,592

Investments                                         255,799,323
Long-term accounts receivable - net                  47,196,064
Notes receivable - net                                        -
Assets from risk management activities              146,440,716
Goodwill - net                                        5,767,352
Other intangibles - net                             265,532,342
Derivative hedging instruments                                -
Restricted cash, non-current                        205,182,505
Other long-term assets                                1,000,000
Miscellaneous deferred charges                      476,602,598
                                                ---------------
        Total Non-current Assets                  1,403,520,900
                                                ---------------
        TOTAL ASSETS                            $11,379,670,954
                                                ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
     Debt                                        $1,303,889,166
     Accounts Payable                               560,001,231
     Liabilities from risk management activities    488,780,842
     Obligations under energy deliveries              7,650,486
     Derivative hedging instruments                           -
     Other                                          215,228,048
     Miscellaneous deferred credits                 730,219,851
                                                ---------------
        Total postpetition liabilities            3,305,769,624

Prepetition Liabilities                           9,205,537,838
                                                ---------------
        TOTAL LIABILITIES                        12,511,307,462

EQUITY:
Minority interest in subsidiaries                   170,340,187
Mandatory redeemable securities                               -
Common stock                                          4,056,621
Additional paid-in capital                        4,917,965,792
Retained earnings                                (6,153,573,240)
Treasury stock, at cost                              (2,260,000)
Accumulated other comprehensive income              (68,165,868)
                                                ---------------
        Total Equity                             (1,131,636,508)
                                                ---------------
        TOTAL LIABILITIES AND OWNERS' EQUITY    $11,379,670,954
                                                ===============

                Mirant Corporation and Subsidiaries
                 Consolidated Statements of Income
                For the month ending June 30, 2005

REVENUES:
     Generation                                    $318,384,579
     Net trading revenue                            (30,462,324)
     Distribution                                    68,206,566
     Other                                              409,890
                                                ---------------
        Net Revenue                                 356,538,711

OPERATING EXPENSES:
     Energy cost                                    204,733,320
     Operations and maintenance                      89,529,928
     Depreciation and amortization                   25,468,244
     Gain on sale of property and investment             31,152
     Impairment loss                                  7,121,624
     Restructuring costs                                248,300
                                                ---------------
        Total Operating Expenses                    327,132,568
                                                ---------------
        Income before non-operating income
        and expense                                  29,406,143

OTHER INCOME AND EXPENSES:
     Interest income                                  2,796,077
     Interest expense                                10,390,931)
     Equity in income of affiliates                   2,986,021
     Other                                           (2,011,109)
     Reorganization items                             9,104,136
     Minority interest                               (1,988,720)
     Net income from discontinued operations           (426,556)
     Gain on sale assets, minority owned                      -
                                                ---------------
         Total Other Income                              68,918

Provision for income tax                            (16,884,061)
                                                ---------------
        NET PROFIT (LOSS)                           $12,591,000
                                                ===============

                           Mirant Corporation
             Unconsolidated Cash Receipts and Disbursements
                  For the month ending June 30, 2005

Cash, beginning of month                           $232,651,413

Non-Operating Receipts:
     Loans & Advances                                $3,416,984
     Sale of Assets                                           -
                                                ---------------
     Total non-operating receipts                     3,416,984
                                                ---------------
        Total receipts                                3,416,984
                                                ---------------
        Total Cash Available                        236,068,396

Operating Disbursements                                       0

Reorganization Expenses
                                                ---------------
        Total disbursements                                   0
                                                ---------------
Net Cash Flow                                         3,416,984
                                                ---------------
Cash, end of month                                 $236,068,396
                                                ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that  
produces and sells electricity in North America, the Caribbean,
and the Philippines.  Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally.  Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590).  Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 73; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


MIRANT CORP: MAGi Earns $13 Million of Net Income in June 2005
--------------------------------------------------------------

           Mirant Americas Generation, LLC, and Subsidiaries
                       Consolidated Balance Sheet
                          As of June 30, 2005

ASSETS

Cash and cash equivalents                          $429,152,167
Accounts receivable - net                           480,195,072
Assets from risk management activities               27,498,325
Derivative hedging instruments                                -
Inventories                                         167,451,114
Other                                               120,400,415
                                                ---------------
         Total Current Assets                     1,224,697,093

Property, plant and equipment                     2,210,361,399
Less: accumulated depreciation/depletion            373,289,733
Leasehold interests - net                                     -
Construction work in progress                       103,666,585
Investment in suspended construction                173,996,884
                                                ---------------
         Total net property, plant and equipment  2,114,735,135

Investments                                              25,000
Long-term accounts receivable - net                  44,255,212
Notes receivable - net                              223,275,000
Assets from risk management activities               16,714,347
Other intangibles - net                             203,188,685
Derivative hedging instruments                                -
Restricted cash, non-current                          5,098,301
Other long-term assets                                        -
Miscellaneous deferred charges                      241,313,876
                                                ---------------
        Total Non-current Assets                    733,870,421
                                                ---------------
        TOTAL ASSETS                             $4,073,302,649
                                                ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
     Debt                                                     -
     Accounts Payable                               150,701,260
     Liabilities from risk management activities     71,407,896
     Obligations under energy deliveries                      -
     Derivative hedging instruments                           -
     Other                                          163,434,736
     Miscellaneous deferred credits                  72,743,000
                                                ---------------
        Total postpetition liabilities              458,286,892

Prepetition Liabilities                           3,233,412,847
                                                ---------------
        TOTAL LIABILITIES                         3,691,699,739

EQUITY:
Minority interest in subsidiaries                        35,002
Mandatory redeemable securities                               -
Common stock                                              1,000
Additional paid-in capital                        3,853,859,364
Retained earnings                                (3,472,292,456)
Treasury stock, at cost                                       -
Accumulated other comprehensive income                        -
                                                ---------------
        Total Equity                                381,602,910
                                                ---------------
        TOTAL LIABILITIES AND OWNERS' EQUITY     $4,073,302,649
                                                ===============

           Mirant Americas Generation, LLC, and Subsidiaries
                   Consolidated Statements of Income
                  For the month ending June 30, 2005

REVENUES:
     Generation                                    $147,013,399
     Net trading revenue                                      -
     Distribution                                             -
     Other                                               84,750
                                                ---------------
        Net Revenue                                 147,098,149

OPERATING EXPENSES:
     Energy cost                                     85,419,902
     Operations and maintenance                      51,058,409
     Depreciation and amortization                    7,552,389
     Gain on sale of property and investment             (2,347)
     Impairment loss                                    121,624
     Restructuring costs                                205,983
                                                ---------------
        Total Operating Expenses                    144,355,960
                                                ---------------
        Income before non-operating income
        and expense                                   2,742,189

OTHER INCOME AND EXPENSES:
     Interest income                                          -
     Interest expense                                  (847,546)
     Equity in income of affiliates                           -
     Other                                              142,532
     Reorganization items                            12,542,184
     Minority interest                                        -
     Net income from discontinued operations                  -
                                                ---------------
        Total Other Income                           11,837,170


Provision for income tax                             (1,333,370)
                                                ---------------
        NET PROFIT (LOSS)                           $13,245,989
                                                ===============

            Mirant Americas Generation, LLC, and Subsidiaries
             Unconsolidated Cash Receipts and Disbursements
                   For the month ending June 30, 2005

Cash, beginning of month                           $195,381,564

Non-Operating Receipts:
     Loans & Advances                               (11,510,530)
     Sale of Assets                                           -
                                                ---------------
     Total non-operating receipts                   (11,510,530)
                                                ---------------
        Total receipts                              (11,510,530)
                                                ---------------
        Total Cash Available                        183,871,034

Operating Disbursements                                       0

Reorganization Expenses                                       0
                                                ---------------
        Total disbursements                                   0
                                                ---------------
Net Cash Flow                                      ($11,510,530)
                                                ---------------
Cash, end of month                                 $183,871,034
                                                ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that  
produces and sells electricity in North America, the Caribbean,
and the Philippines.  Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally.  Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590).  Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 73; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


PILLOWTEX CORP: Earns $4MM of Net Income for Period Ended July 2
----------------------------------------------------------------

                        Pillowtex, et al.
                    Consolidated Balance Sheets
                        As of July 2, 2005

ASSETS

Cash and cash equivalents                           $40,492,093
Accounts Receivables (Net)                            8,233,735
Inventory (Net)                                               0
Pre-Paid Expenses                                       600,408
Other Assets                                                  0
                                                    -----------
   TOTAL CURRENT ASSETS                              49,326,236
                                                    -----------

Property Plan & Equipment (Net)                               0
Intangibles (Net)                                             0
Other Non-Current                                     3,725,890
Inter-Company                                                 0
                                                    -----------
   TOTAL ASSETS                                     $53,052,126
                                                    ===========

LIABILITIES & EQUITY

Liabilities Not Subject to Compromise
Accounts Payable                                              0
Accrued Expenses                                     25,891,911
Deferred Taxes                                          295,000
Professional Fees                                       670,509
Secured Debt                                                  0
Other                                                84,831,000
                                                    -----------
   Total Not Subject to Compromise                  111,688,420
                                                    -----------
Liabilities Subject to Compromise
Current Debt                                            622,763
Unsecured debt                                       25,434,521
                                                    -----------
   Total Subject to Compromise                       26,057,284
                                                    -----------

Preferred Convertible Stock                                   0

Equity
   Inter-Company                                     (6,801,529)
   Investment in Subs                                         0
   Additional Paid in Capital                       195,118,000
   Common Stock                                           3,000
   Deferred Compensation                                      0
   Retained Earnings                               (211,512,049)
   Pension Equity Adjustment                        (61,501,000)
   Translation                                                0
                                                    -----------
   TOTAL EQUITY                                     (77,892,049)
                                                    -----------
      TOTAL LIABILITIES & EQUITY                    $53,052,126
                                                    ===========

                        Pillowtex, et al.
               Consolidated Statement of Operations
               For Three Months Ended July 2, 2005

Net Revenues                                         $1,175,836
Cost of Goods Sold                                     (309,997)
                                                    -----------
Gross Profit                                          1,485,833

Selling, General & Administrative                     1,128,664
Other                                                         0
                                                    -----------
Earnings from Operations                                357,169

Interest Expense                                              0
Other Income & Expenses                                (261,686)

Reorganization Expenses
   Professional Fees                                  1,287,906
   U.S. Trustee Fees                                      3,500
   Gain/Loss from Sale of Assets                     (4,867,922)
   Other (Income)/Expense                                     0
                                                    -----------
   Total Reorganization Expenses                     (3,576,516)

Income Before Taxes                                   4,195,371
Income Taxes                                                  0
Income (Loss) on Disposal                                     0
Income from Discontinued Operations                           0
                                                    -----------
   Net Profit or (Loss)                              $4,195,371
                                                    ===========

                        Pillowtex, et al.
                         Actual Cash Flow
                    For the Month of June 2005

Accounts Receivable Collections                        $179,000
Brown & Joseph/Atwell Fees                               (8,000)
Accounts Receivable Personnel                           (14,000)
Inventory Bulk Sales                                          -
Property Tax Related to Asset Sale                            -
Property (Net)                                        3,897,000
Miscellaneous Proceeds                                        -
                                                    -----------
Total Proceeds                                        4,054,000

Prepetition Cure Cost of Capital Leases                       -
Balance of 2003 Personal Property Tax                         -
Alliance Street Production                                    -
Interest Expense (Term and Revolver)                          -
Idle Facility Cost                                     (159,000)
Electric Demand Charge                                        -
Retail Store Operating Costs                                  -
Warehousing, Shipping & Billing                               -
Freight & Duty                                                -
Manufacturing                                                 -
Inventory Cleanup                                             -
Accrued Employee Expenses                                     -
Critical Vendor Payments                                      -
Continuing Medical                                            -
Terminated Medical                                            -
Product Liability/D&O/Workers Comp. Insurance           145,000
Corporate                                                70,000
Severance/Retention                                           -
Warehouse Vacation Pay                                        -
SB Capital Estate Charge Back                                 -
Early Termination Fee                                         -
DIP Fees                                                      -
Professional Fees                                       103,000
Miscellaneous Expenses                                   54,000
                                                    -----------
Total Expenses                                          213,000
                                                    -----------
Net Cash Flow                                        $3,841,000
                                                    ===========

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

Net Payroll & Payroll Taxes Paid                       $184,309
Sales, Use & Other Taxes Paid                                45
Inventory Purchases                                           -
Interest on Long Term Debt                                    -
Secured/Rental/Lease                                          -
Utilities                                                 1,637
Insurance                                               146,450
Administrative                                           35,942
Professional Fees                                       103,123
U.S. Trustee's Fees                                           -
Others                                                   32,395
                                                    -----------
Total for U.S. Trustee Fees                            $503,902
                                                    ===========

Headquartered in Dallas, Texas, Pillowtex Corporation --
http://www.pillowtex.com/-- sold top-of-the-bed products to      
virtually every major retailer in the U.S. and Canada.  The
Company filed for Chapter 11 protection on November 14, 2000
(Bankr. Del. Case No. 00-4211), emerged from bankruptcy under a
chapter 11 plan, and filed a second time on July 30, 2003 (Bankr.
Del. Case No. 03-12339).  The second chapter 11 filing triggered
sales of substantially all of the Company's assets.  David G.
Heiman, Esq., at Jones Day, and William H. Sudell, Jr., Esq., at
Morris Nichols Arsht & Tunnel, represent the Debtors.  On July 30,
2003, the Company listed $548,003,000 in assets and $475,859,000
in debts.  (Pillowtex Bankruptcy News, Issue No. 82; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


ROBOTIC VISION: Posts $1 Million Net Loss in May 2005
-----------------------------------------------------
On Aug. 8, 2005, Robotic Vision Systems, Inc., nka Acuity
Cimatrix, Inc., delivered a copy of its May 2005 monthly operating
report to the U.S. Securities and Exchange Commission.

Robotic Vision reported a $1,349,000 net loss on $1,432,000 of net
sales for the month ending May 31, 2005.

At May 31, 2005, Robotic Vision's balance sheet showed:

    Total Current Assets                       $6,652,000
    Total Assets                               27,331,000
    Total Liabilities Subject to Compromise  (165,274,000)
    Total Liabilities                        (164,368,000)
    Shareholders' Equity Deficit             $191,699,000

A full-text copy of Robotic Vision Systems, Inc.'s May 2005
Monthly Operating Report is available at no charge at
http://ResearchArchives.com/t/s?c4

Headquartered in Nashua, New Hampshire, Robotic Vision Systems,
Inc., n/k/a Acuity Cimatrix, 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.


THAXTON GROUP: Posts $71 Million Cumulative Net Loss in June 2005
-----------------------------------------------------------------
On July 25, 2005, The Thaxton Group filed its monthly operating
report for the month of June 2005 with the U.S. Bankruptcy Court
for the District of Delaware.

The company reported a cumulative net loss of $71,141,976 on
$85,842,403 of revenue for the period from Oct. 17, 2003 thru June
30, 2005.

At June 30, 2005, the Company's balance sheet reflects:

      Total Assets                      $107,276,714
      Total Liabilities                  176,633,344
      Stockholders' Equity Deficit      ($69,356,630)

A full-text copy of Thaxton Group's June 2005 Monthly Operating
Report is available at no charge at
http://ResearchArchives.com/t/s?b4

Headquartered in Lancaster, South Carolina, The Thaxton Group,
Inc., is a diversified consumer financial services company.  The
Company filed for Chapter 11 protection on October 17, 2003
(Bankr. Del. Case No. 03-13183).  The Debtors are represented by
Michael G. Busenkell, Esq., and Robert J. Dehney, Esq., at Morris,
Nichols, Arsht & Tunnell.


USG CORP: Earns $35 Million of Net Income in June 2005
------------------------------------------------------

USG Corporation, et al.
Consolidated Balance Sheet                         30-June-2005
__________________________                         ____________

Assets:
Cash and cash equivalents                          $469,489,000
Marketable Securities                               170,219,000
Restricted Cash                                      67,878,000
Receivables                                         443,400,000
Inventories                                         283,901,000
Income taxes receivable                              34,035,000
Deferred income taxes                                14,045,000
Other current assets                                 73,893,000
                                                  -------------
Total current assets                              1,556,860,000

Property, plant and equipment, net                1,618,894,000
Marketable Securities                               300,207,000
Deferred income taxes                               238,829,000
Goodwill                                             63,917,000
Other assets                                        396,332,000
                                                  -------------
Total Assets                                     $4,175,039,000
                                                  =============

Liabilities and Stockholders' Equity:
Accounts payable                                   $240,897,000
Accrued expenses                                    196,243,000
Taxes on income                                     169,614,000
                                                  -------------
Total current liabilities                           606,754,000

Other liabilities                                   410,913,000
Liabilities subject to compromise                 2,242,206,000

Stockholders' Equity:
Common stock                                          4,998,000
Treasury stock                                     (252,972,000)
Capital received in excess of par value             103,078,000
Accumulated other comprehensive income/(loss)        24,840,000
Retained earnings                                 1,035,222,000
                                                  -------------
Total stockholders' equity                          915,166,000
                                                  -------------
Total Liabilities and Stockholders' Equity       $4,175,039,000
                                                  =============

USG Corporation, et al.                            Month Ending
Consolidated Income Statement                      30-June-2005
_____________________________                      ____________

Net sales                                          $408,204,000

Cost of products sold                               322,293,000
Selling and administrative expenses                  25,469,000
Chapter 11 reorganization expenses                    2,751,000
Provision for restructuring expenses                          -
Interest expense                                        327,000
Interest income                                        (151,000)
Other (income)/expense, net                            (199,000)
                                                  -------------
Earnings/(loss) before income taxes                  57,714,000

Income taxes (benefit)                               22,614,000
                                                  -------------
Net Earnings/(loss)                                 $35,100,000
                                                  =============

Headquartered in Chicago, Illinois, USG Corporation --
http://www.usg.com/-- through its subsidiaries, is a leading    
manufacturer and distributor of building materials producing a
wide range of products for use in new residential, new
nonresidential and repair and remodel construction, as well as
products used in certain industrial processes.  The Company filed
for chapter 11 protection on June 25, 2001 (Bankr. Del. Case No.
01-02094).  David G. Heiman, Esq., and Paul E. Harner, Esq., at
Jones Day represent the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $3,252,000,000 in assets and $2,739,000,000 in debts.  (USG
Bankruptcy News, Issue No. 93; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


USGEN NEW ENGLAND: Monthly Operating Reports for April & May 2005
-----------------------------------------------------------------
USGen New England, Inc., has no direct employees.  Rather, USGen
is provided services pursuant to an Operations, Maintenance and
Management Services agreement with USG Services Company, LLC.
All payroll taxes are paid by USG Services as the service
provider.  Joseph J. Bartoletta, controller for USGen, discloses
that USGen paid USG Services $2,157,891 on April 18, 2005, and
$2,161,677 on May 13, 2005, for payroll obligations.

On April 1, 2005, USGen closed on the sale of its Hydro assets to
TransCanada Hydro Northeast, Inc., thereby disposing of their
remaining operating assets.  USGen will be a process of
liquidation in accordance with its Plan or Reorganization.  Total
sale proceeds after final account reconciliation are $500,095,439.

USGen also completed the Court-approved sale of the land
associated with its Bear Swamp leased facility to Bear Swamp
Power Company LLC, effective May 24, 2005.  Total sale proceeds
were $1 in accordance with settlement agreement approved within
the Plan.

As of May 31, 2005, USGen has $8,744,797 in accounts receivable:

    Beginning Balance (Ended March 31, 2005)         $35,875,421
    Incurred during April 1 to May 31, 2005            3,431,803
    Collection during April 1 to May 31, 2005         30,562,426
                                                     -----------
    Ending Balance                                    $8,744,797
                                                     ===========

USGen also has $7,169,983 in accounts payable as of May 31, 2005:

    Beginning Balance (Ended March 31, 2005)          $9,834,116
    Incurred during April 1 to May 31, 2005           17,602,601
    Paid during April 1 to May 31, 2005               20,266,734
                                                     -----------
    Ending Balance                                    $7,169,983
                                                     ===========

A full-text copy of USGen's Monthly Operating Report covering the
period April 1, 2005, to May 31, 2005, is available for free at
http://bankrupt.com/misc/usgen-fina-MOR.pdf

Headquartered in Bethesda, Maryland, USGen New England, Inc., an
affiliate of PG&E Generating Energy Group, LLC, owns and operates
several electric generating facilities in New England and
purchases and sells electricity and other energy-related products
at wholesale.  The Debtor filed for Chapter 11 protection on July
8, 2003 (Bankr. D. Md. Case No. 03-30465).  John E. Lucian, Esq.,
Marc E. Richards, Esq., Edward J. LoBello, Esq., and Craig A.
Damast, Esq., at Blank Rome, LLP, represent the Debtor in its
restructuring efforts.  When it sought chapter 11 protection, the
Debtor reported assets amounting to $2,337,446,332 and debts
amounting to $1,249,960,731.  The Debtor filed its Second Amended
Plan of Liquidation and Disclosure Statement on March 24, 2005
(PG&E National Bankruptcy News, Issue No. 47; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


WESTPOINT STEVENS: Posts $23.6 Million Net Loss in June 2005
------------------------------------------------------------

                       WESTPOINT STEVENS, INC.
                           Balance Sheet
                          At June 30, 2005
                           (in thousands)

                               Assets

Current Assets
    Cash and cash equivalents                            $2,775
    Short-term investments                                    -
    Accounts receivable, net                            155,559
    Total inventories                                   260,885
    Prepaid & other current assets                       15,908
                                                     ----------
Total current assets                                    435,127

Total investments & other assets                         92,882
Goodwill                                                      -
Property, plant and equipment, net                      453,505
                                                     ----------
TOTAL ASSETS                                           $981,514
                                                     ==========

           Liabilities and Shareholders' Equity (Deficit)

Liabilities Not Subject to Compromise:
    Senior Credit Facility                             $437,167
    DIP Credit Agreement                                 74,741
    Second Lien Facility                                165,000
    Accrued interest payable                                862
    Accounts payable - trade                             40,759
    Accounts payable - intercompany                     177,158
    Other payables and accrued liabilities               99,800
    Deferred income taxes                                     -
    Pension and other liabilities                       149,781
                                                     ----------
Total liabilities not subject to compromise           1,145,268

Liabilities Subject to Compromise:
    Senior Notes                                      1,000,000
    Deferred financing fees                              (3,498)
    Accrued interest payable on Senior Notes             36,313
    Accounts payable                                     27,561
    Other payables and accrued liabilities                8,232
    Pension and other liabilities                        15,471
                                                     ----------
Total liabilities subject to compromise               1,084,079
                                                     ----------
Total Liabilities                                     2,229,347

Shareholders' Equity (Deficit)
    Equity of subsidiaries                             (123,757)
    Common stock                                            711
    Capital Surplus/Treasury Stock                       41,122
    Retained earnings (deficit)                      (1,056,225)
    Minimum pension liability adjustment               (109,403)
    Other adjustments                                      (281)
    Unearned compensation                                     -
                                                     ----------
Total Shareholders' Equity (Deficit)                 (1,247,833)
                                                     ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)   $981,514
                                                     ==========

                       WESTPOINT STEVENS, INC.
                       Statement of Operations
                      Month Ended June 30, 2005
                           (in thousands)

Total sales                                             $86,270
Cost of sales                                            83,941
                                                     ----------
    Gross profit                                          2,329

Selling and administrative expenses
    Selling expense                                       2,759
    Warehousing and shipping                              4,708
    Advertising                                             385
    Division administrative expense                         773
    MIS expense                                           1,108
    Corporate administrative expense                      1,661
                                                     ----------
Total selling and administrative expense                 11,394

Restructuring and impairment charge                       1,028
Fixed asset impairment charge                                 -
                                                     ----------
Profit/(loss) from operations                           (10,093)
                                                     ----------
Interest expense
    Interest expense - outside                            6,905
    Capitalized interest expense                              -
    Interest expense - intercompany                         603
    Interest income                                           6
    Interest income - intercompany                            -
                                                     ----------
Net interest expense                                      7,502

Other expense
    Miscellaneous                                           388
    Royalties - intercompany                              3,500
    Transaction gain/loss                                     -
                                                     ----------
Total other expense                                       3,888

Other income
    Royalties - intercompany                                  -
    Dividends                                                 -
    Sale of assets                                            8
    Miscellaneous                                             -
                                                     ----------
    Total other income                                        8
                                                     ----------
Net other expense                                         3,880
                                                     ----------
Income (loss) before Chapter 11 reorganization
    expenses and income taxes (benefit)
    and extraordinary item                              (21,475)

Chapter 11 reorganization expenses                        3,961

Income taxes (benefit)                                   (1,868)
                                                     ----------
Income (loss) before extraordinary item                 (23,568)

Extraordinary item - net of taxes                             -
                                                     ----------
Net income (loss)                                      ($23,568)
                                                     ==========

                       WESTPOINT STEVENS, INC.
                       Statement of Cash Flows
                      Month Ended June 30, 2005
                           (in thousands)

Cash Flows from Operations:
Net income (loss)                                      ($23,568)
    Equity adjustments                                      516
Non-cash items
    Depreciation and amortization expense                 6,056
    Gain/(Loss) on sale of assets                            (8)
Changes in Assets and Liabilities
    Decrease/(increase) -- accounts receivable           (4,055)
    Decrease/(increase) -- inventories                   12,160
    Decrease/(increase) -- other current assets            (657)
    Decrease/(increase) -- other noncurrent assets
       and liabilities                                      126
    Increase/(decrease) -- accounts payable (trade)       3,835
    Increase/(decrease) -- a/p (intercompany)             1,104
    Increase/(decrease) -- accrued liabilities           (4,958)
    Increase/(decrease) -- accrued interest payable        (449)
    Increase/(decrease) -- pension & other liabilities    1,309
    Increase/(decrease) -- deferred income tax                -
                                                     ----------
Total Cash Flows from Operations                         (8,589)

Cash Flows from Investing
    Decrease/(increase) -- short term investments             -
    Capital expenditures                                   (597)
    Transfers                                                87
    Net proceeds from sale of assets                         41
                                                     ----------
Total Cash Flows from Investing                            (469)

Cash Flows from Financing
    Increase/(decrease) -- DIP credit agreement          10,510
                                                     ----------
Total Cash Flows from Financing                          10,510

Beginning Cash Balance                                    1,323
Change in Cash                                            1,452
                                                     ----------
Ending Cash Balance                                      $2,775
                                                     ==========

Headquartered in West Point, Georgia, WestPoint Stevens, Inc., --
http://www.westpointstevens.com/-- is the #1 US maker of bed    
linens and bath towels and also makes comforters, blankets,
pillows, table covers, and window trimmings.  It makes the Martex,
Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux
brands, as well as the Martha Stewart bed and bath lines; other
licensed brands include Ralph Lauren, Disney, and Joe Boxer.
Department stores, mass retailers, and bed and bath stores are its
main customers.  (Federated, J.C. Penney, Kmart, Sears, and Target
account for more than half of sales.) It also has nearly 60 outlet
stores.  Chairman and CEO Holcombe Green controls 8% of WestPoint
Stevens.  The Company filed for chapter 11 protection on
June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532).  John J.
Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the
Debtors in their restructuring efforts. (WestPoint Bankruptcy
News, Issue No. 53; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


WESTPOINT STEVENS: WP Stevens I Earns $3MM of Net Income in June
----------------------------------------------------------------

                     WESTPOINT STEVENS, INC., I
                            Balance Sheet
                          At June 30, 2005
                           (in thousands)

                               Assets

Current Assets
    Cash and cash equivalents                               $38
    Short-term investments                                    -
    Accounts receivable - customers                           -
    Accounts receivable - intercompany                   34,293
    Total inventories                                     9,773
    Prepaid & other current assets                            -
                                                     ----------
Total current assets                                     44,104

Total investments & other assets                          9,447
Goodwill                                                      -
Property, plant and equipment, net                       11,450
                                                     ----------
TOTAL ASSETS                                            $65,001
                                                     ==========

           Liabilities and Shareholders' Equity (Deficit)

Liabilities Not Subject to Compromise:
    Senior Credit Facility                                    -
    DIP Credit Agreement                                      -
    Long-term debt classified as current                      -
    Accrued interest payable                                  -
    Accounts payable - trade                               $542
    Accounts payable - intercompany                           -
    Other payables and accrued liabilities                9,059
    Deferred income taxes                                     -
    Pension and other liabilities                             -
                                                     ----------
Total liabilities not subject to compromise               9,601

Liabilities Subject to Compromise:
    Senior Notes                                              -
    Deferred financing fees                                   -
    Accrued interest payable on Senior Notes                  -
    Accounts payable                                      1,438
    Other payables and accrued liabilities                    -
    Pension and other liabilities                         3,445
                                                     ----------
Total liabilities subject to compromise                   4,883
                                                     ----------
Total Liabilities                                        14,484

SHAREHOLDERS' EQUITY (DEFICIT)
    Equity of subsidiaries                                    -
    Common stock                                              1
    Capital Surplus/Treasury Stock                       70,559
    Retained earnings (deficit)                         (20,043)
    Minimum pension liability adjustment                      -
    Other adjustments                                         -
    Unearned compensation                                     -
                                                     ----------
Total Shareholders' Equity (Deficit)                     50,517
                                                     ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)    $65,001
                                                     ==========

                     WESTPOINT STEVENS, INC., I
                       Statement of Operations
                      Month Ended June 30, 2005
                            (in thousands)

Total sales                                              $2,877
Cost of sales                                             1,942
                                                     ----------
    Gross profit                                            935

Selling and administrative expenses
    Selling expense                                           6
    Warehousing and shipping                                129
    Advertising                                               -
    Division administrative expense                           -
    MIS expense                                               -
    Corporate administrative expense                        230
                                                     ----------
    Total selling and administrative expense                365

Restructuring and impairment charge                           -
Goodwill impairment charge                                    -
                                                     ----------
Profit/(loss) from operations                               570

Interest expense
    Interest expense - outside                                -
    Capitalized interest expense                              -
    Interest expense - intercompany                           -
    Interest income                                          (1)
    Interest income - intercompany                          669
                                                     ----------
Net interest expense                                       (668)

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

Other income
    Royalties - intercompany                              3,611
    Affiliate Income                                          -
    Dividends                                                 -
    Sale of assets                                            -
    Miscellaneous                                             -
                                                     ----------
Total other income                                        3,611
                                                     ----------
Net other expense                                        (3,421)
                                                     ----------
Income (loss) before reorganization
    expenses and income taxes (benefit)
    and extraordinary item                                4,659

Reorganization expenses                                       -
Income taxes (benefit)                                    1,630
                                                     ----------
Income (loss) before extraordinary item                   3,029

Extraordinary item - net of taxes                             -
                                                     ----------
Net income (loss)                                        $3,029
                                                     ==========

                     WESTPOINT STEVENS, INC., I
                       Statement of Cash Flows
                      Month Ended June 30, 2005
                           (in thousands)

Cash Flows from Operations:
Net income (loss)                                        $3,029
Non-cash items
    Depreciation and amortization expense                   112
Changes in Assets and Liabilities
    Decrease/(increase) -- a/r (customers)                    -
    Decrease/(increase) -- a/r (intercompany)            (1,025)
    Decrease/(increase) -- inventories                   (1,442)
    Decrease/(increase) -- other current assets               -
    Decrease/(increase) -- other noncurrent assets            -
    Increase/(decrease) -- accounts payable (trade)         (98)
    Increase/(decrease) -- a/p (intercompany)                 -
    Increase/(decrease) -- accrued liabilities             (506)
    Increase/(decrease) -- accrued interest payable           -
    Increase/(decrease) -- pension and other liabilities      -
    Increase/(decrease) -- deferred federal income tax        -
                                                     ----------
Total Cash Flows from Operations                             70

Cash Flows from Investing
    Decrease/(increase) -- short term investments             -
    Capital expenditures                                      -
    Transfers                                               (85)
    Net proceeds from sale of assets                          -
                                                     ----------
Total Cash Flows from Investing                             (85)

Cash Flows from Financing
    Increase/(decrease) -- DIP credit agreement               -
    Increase/(decrease) -- Senior Notes                       -
                                                     ----------
Total Cash Flows from Financing                               -

Beginning Cash Balance                                       53
Change in Cash                                              (15)
                                                     ----------
Ending Cash Balance                                         $38
                                                     ==========

Headquartered in West Point, Georgia, WestPoint Stevens, Inc., --
http://www.westpointstevens.com/-- is the #1 US maker of bed    
linens and bath towels and also makes comforters, blankets,
pillows, table covers, and window trimmings.  It makes the Martex,
Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux
brands, as well as the Martha Stewart bed and bath lines; other
licensed brands include Ralph Lauren, Disney, and Joe Boxer.
Department stores, mass retailers, and bed and bath stores are its
main customers.  (Federated, J.C. Penney, Kmart, Sears, and Target
account for more than half of sales.) It also has nearly 60 outlet
stores.  Chairman and CEO Holcombe Green controls 8% of WestPoint
Stevens.  The Company filed for chapter 11 protection on
June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532).  John J.
Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the
Debtors in their restructuring efforts. (WestPoint Bankruptcy
News, Issue No. 53; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


WESTPOINT STEVENS: WP Stevens Stores' June 2005 Operating Report
----------------------------------------------------------------

                    WESTPOINT STEVENS STORES, INC.
                            Balance Sheet
                          At June 30, 2005
                           (in thousands)

                               Assets

Current Assets
    Cash and cash equivalents                            $1,863
    Short-term investments                                    -
    Accounts receivable - customers                         166
    Accounts receivable - intercompany                      897
    Total Inventories                                    20,671
    Prepaid expenses and other current assets               879
                                                     ----------
Total current assets                                     24,476

Total investments & other assets                              -
Goodwill                                                      -
Property, plant and equipment, net                        2,326
                                                     ----------
TOTAL ASSETS                                            $26,802
                                                     ==========

           Liabilities and Stockholders' Equity (Deficit)

Liabilities Not Subject to Compromise
    Accounts payable - trade                               $491
    Accounts payable -intercompany                            -
    Other payables and accrued liabilities                3,252
    Deferred income taxes                                     -
    Pension and other liabilities                             -
                                                     ----------
Total Liabilities Not Subject to Compromise               3,743
                                                     ----------
Liabilities Subject to Compromise
    Accounts payable                                      1,679
                                                     ----------
Total Liabilities                                         5,422

Shareholders' Equity (Deficit)
    Equity of subsidiaries                                    -
    Common stock                                              1
    Capital surplus/Treasury Stock                       15,955
    Retained earnings (deficit)                           5,424
    Minimum pension liability adjustment                      -
    Other adjustments                                         -
    Unearned compensation                                     -
                                                     ----------
Stockholders' Equity (Deficit)                           21,380
                                                     ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT)      $26,802
                                                     ==========

                    WESTPOINT STEVENS STORES, INC.
                       Statement of Operations
                      Month Ended June 30, 2005
                           (in thousands)

Total sales                                              $6,096
Cost of goods sold                                        3,807
                                                     ----------
    Gross earnings                                        2,289

Selling and administrative expenses
    Selling expenses                                      1,932
    Warehousing and shipping                                186
    Advertising                                             306
    Division administrative expense                         288
    MIS expense                                              55
    Corporate administrative expense                         84
                                                     ----------
Total selling and administrative expense                  2,851
Restructuring and impairment charge                           -
Goodwill impairment charge                                    -
                                                     ----------
    Profit/(loss) from operations                          (562)

Interest expense
    Interest expense - outside                                -
    Capitalized interest expense                              -
    Interest expense - intercompany                         155
    Interest income                                           -
    Interest income - intercompany                            -
                                                     ----------
Net interest expense                                        155

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

Other income
    Royalties Intercompany                                    -
    Dividends                                                 -
    Sale of assets                                            -
    Miscellaneous                                             -
                                                     ----------
Total other income                                            -
                                                     ----------
Net other expense                                             -
                                                     ----------
Income (loss) before Chapter 11 reorganization
    expenses and income taxes (benefit) and
    extraordinary items                                    (717)

Chapter 11 reorganization expenses                            -
Income tax expense (benefit)                               (251)

Extraordinary item - net of taxes                             -
                                                     ----------
Net Income (loss)                                         ($466)
                                                     ==========

                    WESTPOINT STEVENS STORES, INC.
                       Statement of Cash Flows
                      Month Ended June 30, 2005
                           (in thousands)

Cash flows from operations:
Net income (loss)                                         ($466)
Non-cash items
    Depreciation and amortization                            49
Working Capital Changes
    Decrease/(increase) - a/r (customers)                   (53)
    Decrease/(increase) - a/r (intercompany)                475
    Decrease/(increase) - inventories                      (247)
    Decrease/(increase) - other current assets              221
    Decrease/(increase) - other non-current assets            -
    Increase/(decrease) - accounts payable (trade)          143
    Increase/(decrease) - a/p (intercompany)                  -
    Increase/(decrease) - accrued liabilities               308
    Increase/(decrease) - accrued interest payable            -
    Increase/(decrease) - pension & other liabilities         -
    Increase/(decrease) - deferred federal income tax         -
                                                     ----------
Total cash flows from operations                            430

Cash flows from investing activities
    Capital expenditures                                    (71)
    Transfers                                                (2)
    Net proceeds from sale of assets                          -
                                                     ----------
Total cash flows from investing                             (73)

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

Beginning cash balance                                    1,506
Change in cash                                              357
                                                     ----------
Ending cash balance                                      $1,863
                                                     ==========

Headquartered in West Point, Georgia, WestPoint Stevens, Inc., --
http://www.westpointstevens.com/-- is the #1 US maker of bed    
linens and bath towels and also makes comforters, blankets,
pillows, table covers, and window trimmings.  It makes the Martex,
Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux
brands, as well as the Martha Stewart bed and bath lines; other
licensed brands include Ralph Lauren, Disney, and Joe Boxer.
Department stores, mass retailers, and bed and bath stores are its
main customers.  (Federated, J.C. Penney, Kmart, Sears, and Target
account for more than half of sales.) It also has nearly 60 outlet
stores.  Chairman and CEO Holcombe Green controls 8% of WestPoint
Stevens.  The Company filed for chapter 11 protection on
June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532).  John J.
Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the
Debtors in their restructuring efforts. (WestPoint Bankruptcy
News, Issue No. 53; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


WESTPOINT STEVENS: JP Stevens' June 2005 Monthly Operating Report
-----------------------------------------------------------------

                      J.P. STEVENS & CO., INC.
                           Balance Sheet
                         At June 30, 2005
                           (in thousands)

                               Assets

Current Assets
    Cash and cash equivalents                                 -
    Short-term investments                                    -
    Accounts receivable - customers                           -
    Accounts receivable - intercompany                 $110,749
    Total inventories                                         -
    Prepaid & other current assets                            -
                                                     ----------
Total Current assets                                    110,749

Total investments & other assets                          2,697
Goodwill                                                      -
Property, plant and equipment, net                            -
                                                     ----------
TOTAL ASSETS                                           $113,446
                                                     ==========

           Liabilities and Shareholders' Equity (Deficit)

Liabilities Not Subject to Compromise:
    Senior Credit Facility                                    -
    DIP Credit Agreement                                      -
    Long-term debt classified as current                      -
    Accounts receivable - intercompany                        -
    Accrued interest payable                                  -
    Accounts payable - trade                                  -
    Accounts payable - intercompany                           -
    Other payables and accrued liabilities                    -
    Deferred income taxes                                     -
    Pension and other liabilities                             -
                                                     ----------
Total liabilities not subject to compromise                   -

Liabilities Subject to Compromise:
    Senior Notes                                              -
    Deferred financing fees                                   -
    Accrued interest payable on Senior Notes                  -
    Accounts payable                                          -
    Other payables and accrued liabilities                    -
    Pension and other liabilities                             -
                                                     ----------
Total liabilities subject to compromise                       -
                                                     ----------
Total Liabilities                                             -

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

J.P. Stevens & Co., Inc., reports no income and cash flow for
June 2005.

Headquartered in West Point, Georgia, WestPoint Stevens, Inc., --
http://www.westpointstevens.com/-- is the #1 US maker of bed    
linens and bath towels and also makes comforters, blankets,
pillows, table covers, and window trimmings.  It makes the Martex,
Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux
brands, as well as the Martha Stewart bed and bath lines; other
licensed brands include Ralph Lauren, Disney, and Joe Boxer.
Department stores, mass retailers, and bed and bath stores are its
main customers.  (Federated, J.C. Penney, Kmart, Sears, and Target
account for more than half of sales.) It also has nearly 60 outlet
stores.  Chairman and CEO Holcombe Green controls 8% of WestPoint
Stevens.  The Company filed for chapter 11 protection on
June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532).  John J.
Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the
Debtors in their restructuring efforts. (WestPoint Bankruptcy
News, Issue No. 53; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


WESTPOINT STEVENS: JP Stevens Enterprises' June Operating Report
----------------------------------------------------------------

                    J.P. STEVENS ENTERPRISES, INC.
                            Balance Sheet
                          At June 30, 2005
                           (in thousands)

                               Assets

Current Assets
    Cash and cash equivalents                               $20
    Short-term investments                                    -
    Accounts receivable - customers, net                      -
    Accounts receivable - intercompany                   18,224
    Prepaid expenses and other current assets                 -
                                                     ----------
Total current assets                                     18,244

Total investments & other assets                              -
Goodwill                                                      -
                                                     ----------
TOTAL ASSETS                                            $18,244
                                                     ==========

          Liabilities and Stockholders' Equity (Deficit)

Liabilities Not Subject to Compromise:
    Accounts payable - intercompany                           -
    Other payables and accrued liabilities                 $198
    Deferred income taxes                                     -
    Pension and other liabilities                             -
                                                     ----------
Total Liabilities Not Subject to Compromise                 198

Liabilities Subject to Compromise                             -
                                                     ----------
Total Liabilities                                           198

Shareholders' Equity (Deficit)
    Equity of subsidiaries                                    -
    Common stock                                              2
    Capital surplus/Treasury Stock                            -
    Retained earnings (deficit)                          18,044
    Minimum pension liability adjustment                      -
    Other adjustments                                         -
    Unearned compensation                                     -
                                                     ----------
Stockholders' Equity (Deficit)                           18,046
                                                     ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT)      $18,244
                                                     ==========

                    J.P. STEVENS ENTERPRISES, INC.
                        Statement of Operations
                       Month Ended June 30, 2005
                           (in thousands)

Total sales                                                   -
Cost of goods sold                                            -
                                                     ----------
    Gross earnings                                            -

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

Restructuring and impairment charge                           -
Goodwill impairment charge                                    -
                                                     ----------
    Profit/(loss) from operations                             -

Interest expense
    Interest expense - outside                                -
    Capitalized interest expense                              -
    Interest expense - intercompany                           -
    Interest income                                           -
    Interest income - intercompany                          $89
                                                     ----------
Net interest expense                                        (89)

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

Other income
    Royalties - intercompany                                190
    Dividends                                                 -
    Sale of assets                                            -
    Miscellaneous                                             -
                                                     ----------
Total other income                                          190
                                                     ----------
Net other expense                                          (190)
                                                     ----------
Income (loss) before Chapter 11 reorganization
    expenses and income taxes (benefit) and
    extraordinary items                                     279

Chapter 11 reorganization expenses                            -

Income tax expense (benefit)                                198

Extraordinary item - net of taxes                             -
                                                     ----------
Net Income (loss)                                           $81
                                                     ==========

                    J.P. STEVENS ENTERPRISES, INC.
                       Statement of Cash Flows
                      Month Ended June 30, 2005
                            (in thousands)

Cash flows from operations:
Net income (loss)                                           $81
Non-cash items
    Depreciation and amortization                             -
Working Capital Changes
    Decrease/(increase) - a/r (intercompany)                (91)
    Decrease/(increase) - inventories                         -
    Decrease/(increase) - other current assets                -
    Decrease/(increase) - other non-current assets            -
    Increase/(decrease) - accounts payable (trade)            -
    Increase/(decrease) - a/p (intercompany)                  -
    Increase/(decrease) - accrued liabilities                 -
    Increase/(decrease) - accrued interest payable            -
    Increase/(decrease) - pension & other liabilities         -
    Increase/(decrease) - deferred federal income tax         -
                                                     ----------
Total cash flows from operations                            (10)

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

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

Beginning cash balance                                       30
Change in cash                                              (10)
                                                     ----------
Ending cash balance                                         $20
                                                     ==========

Headquartered in West Point, Georgia, WestPoint Stevens, Inc., --
http://www.westpointstevens.com/-- is the #1 US maker of bed    
linens and bath towels and also makes comforters, blankets,
pillows, table covers, and window trimmings.  It makes the Martex,
Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux
brands, as well as the Martha Stewart bed and bath lines; other
licensed brands include Ralph Lauren, Disney, and Joe Boxer.
Department stores, mass retailers, and bed and bath stores are its
main customers.  (Federated, J.C. Penney, Kmart, Sears, and Target
account for more than half of sales.) It also has nearly 60 outlet
stores.  Chairman and CEO Holcombe Green controls 8% of WestPoint
Stevens.  The Company filed for chapter 11 protection on
June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532).  John J.
Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the
Debtors in their restructuring efforts. (WestPoint Bankruptcy
News, Issue No. 53; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


WINN-DIXIE: Posts $40 Mil. Net Loss for the Period Ended June 29
----------------------------------------------------------------

                  Winn-Dixie Stores, Inc., et al.
               Unaudited Consolidated Balance Sheet
                          At June 29, 2005
                           (In thousands)

                               ASSETS
Current assets:
   Cash and cash equivalents                            $62,136
   Marketable securities                                 19,656
   Trade and other receivables, net                     210,621
   Insurance claims receivable                            9,814
   Income tax receivable                                 33,966
   Merchandise inventories, less LIFO reserve           788,504
   Prepaid expenses and other current assets             85,620
                                                   ------------
   Total current assets                               1,210,317
     
Property, plant and equipment, net                      777,405
Other assets, net                                       117,353
                                                   ------------
TOTAL ASSETS                                         $2,105,075
                                                   ============

               LIABILITIES AND SHAREHOLDERS' EQUITY
          
Current liabilities:
   Current portion of long-term debt                       $272
   Current obligations under capital leases               4,046
   Accounts payable                                      96,655
   Reserve for self-insurance liabilities                78,891
   Accrued wages and salaries                            83,996
   Accrued rent                                          25,021
   Accrued expenses                                     100,411
                                                   ------------
   Total current liabilities                            389,292

Reserve for self-insurance liabilities                  142,683
Long-term debt                                              318
Long-term borrowings under DIP Credit Facility          245,003
Obligations under capital leases                         11,440
Other liabilities                                        18,582
                                                   ------------
Total liabilities not subject to compromise             807,318
                                                   ------------
Liabilities subject to compromise                     1,072,530
                                                   ------------
Total liabilities                                     1,879,848

Shareholders' equity:
   Common stock                                         141,889
   Additional paid-in-capital                            32,452
   Retained earnings                                     69,996
   Accumulated other comprehensive loss                 (19,110)
                                                   ------------
Total shareholders' equity                              225,227
                                                   ------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY           $2,105,075
                                                   ============

                  Winn-Dixie Stores, Inc., et al.
          Unaudited Consolidated Statement of Operations
                  Four weeks ended June 29, 2005
                           (In thousands)

Net sales                                              $732,563
Cost of sales                                           558,687
                                                   ------------
Gross profit on sales                                   173,876

Other operating and administrative expenses             207,954
Restructuring charges                                        40
                                                   ------------
Operating loss                                          (34,118)
Interest expense, net                                     2,276
                                                   ------------
Loss from continuing operations before
   reorganization items and income taxes                (36,394)

Reorganization items, net                                 5,225
Income tax expense                                            -
                                                   ------------
Net loss from continuing operations                     (41,619)

Discontinued operations:
   Earnings from discontinued operations                    987
   Gain on disposal of discontinued operations              346
   Income tax expense                                         -
                                                   ------------
Net earnings from discontinued operations                 1,333
                                                   ------------
NET LOSS                                               ($40,286)
                                                   ============

                  Winn-Dixie Stores, Inc., et al.
          Unaudited Consolidated Statement of Cash Flows
                  Four weeks ended June 29, 2005
                           (In thousands)

Cash flows from operating activities:
Net loss                                               ($40,286)
Adjustments to reconcile net loss to
net cash used in operating activities:
   Gain on sales of assets                               (2,120)
   Reorganization items, net                              5,225
   Depreciation and amortization                         11,405
   Stock compensation plans                                 330
   Change in operating assets and liabilities:
      Trade and other receivables                       (22,424)
      Merchandise inventories                            31,393
      Prepaid expenses and other current assets          17,147
      Accounts payable                                  (13,005)
      Reserve for self-insurance liabilities               (525)
      Lease liability on closed facilities                 (868)
      Income taxes receivable                              (295)
      Defined benefit plan                                  823
      Other accrued expenses                              3,374
   Net cash used in operating activities before
    reorganization items                                 (9,826)
   Cash effect of reorganization items                   (5,551)
                                                   ------------
Net cash used in operating activities                   (15,377)

Cash flows from investing activities:
   Purchases of property, plant and equipment              (355)
   Increase in investments and other assets                 525
   Proceeds from sales of assets                         17,801
   Marketable securities, net                              (888)
                                                   ------------
Net cash provided by investing activities                17,083

Cash flows from financing activities:          
   Gross borrowings on DIP Credit Facility              194,705
   Gross repayments on DIP Credit Facility             (176,712)
   Principal payments on long-term debt                     (17)
   Debt issuance costs                                   (1,883)
   Principal payments on capital lease obligations       (1,496)
   Other                                                   (132)
                                                   ------------
Net cash provided by financing activities                14,465

Increase in cash and cash equivalents                    16,171
Cash and cash equivalents at beginning of period         45,965
                                                   ------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD              $62,136
                                                   ============

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc.
-- http://www.winn-dixie.com/-- is one of the nation's largest        
food retailers.  The Company operates stores across the
Southeastern United States and in the Bahamas and employs
approximately 90,000 people.  The Company, along with 23 of its
U.S. subsidiaries, filed for chapter 11 protection on Feb. 21,
2005 (Bankr. S.D.N.Y. Case No. 05-11063).  The Honorable Judge
Robert D. Drain ordered the transfer of Winn-Dixie's chapter 11
cases from Manhattan to Jacksonville.  On April 14, 2005, Winn-
Dixie and its debtor-affiliates filed for chapter 11 protection in
M.D. Florida (Case No. 05-03817 to 05-03840).  D.J. Baker, Esq.,
at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson
Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP,
represent the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
$2,235,557,000 in total assets and $1,870,785,000 in total debts.
(Winn-Dixie Bankruptcy News, Issue No. 20; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


                          *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.  
Don't be fooled.  Assets, for example, reported at historical cost
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Each Friday's edition of the TCR includes a review about a book of
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For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.


                          *********

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

Troubled Company Reporter is a daily newsletter co-published by  
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,  
USA, and Beard Group, Inc., Frederick, Maryland USA. Yvonne L.  
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Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick
F. Casquejo, Jason A. Nieva, Christian Q. Salta, Lucilo Junior M.
Pinili and Peter A. Chapman, Editors.

Copyright 2005.  All rights reserved.  ISSN: 1520-9474.

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