TCR_Public/050910.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, September 10, 2005, Vol. 9, No. 215

                          Headlines

ATA AIRLINES: Earns $2.97 Million of Net Income in July 2005
CATHOLIC CHURCH: Portland's July 2005 Monthly Operating Report
CATHOLIC CHURCH: Spokane's July 2005 Monthly Operating Report
CATHOLIC CHURCH: Tucson's July 2005 Monthly Operating Report
FEDERAL-MOGUL: Posts $33.1 Million Net Loss in July 2005

INTERSTATE BAKERIES: Earns $283,864 in Month Ending July 23
KAISER ALUMINUM: Earns $719,000 of Net Income in July 2005
MERIDIAN AUTOMOTIVE: Posts $57.5 Million Net Loss in July 2005
THAXTON GROUP: Posts $72.6 Mil. Cumulative Net Loss in July 2005
TOWER AUTOMOTIVE: Posts $53.2 Million Net Loss in July 2005

USG CORP: Earns $35 Million of Net Income in July 2005
WINN-DIXIE: Posts $38 Mil. Net Loss for the Period Ended July 27


                          *********


ATA AIRLINES: Earns $2.97 Million of Net Income in July 2005
------------------------------------------------------------

               ATA Holdings Corp. and Subsidiaries
                     Unaudited Balance Sheet
                       As of July 31, 2005

ASSETS     

Current assets:
   Cash and cash equivalents                        $95,252,000
   Receivables,
      net of allowance for doubtful accounts        130,675,000
   Inventories, net                                  39,814,000
   Assets Held for Sale                               2,000,000
   Prepaid expenses and other current assets         31,923,000
                                                 --------------
      Total current assets                          299,664,000
     
Property and equipment:     
   Flight equipment                                 174,170,000
   Facilities and ground equipment                  142,210,000
   Accumulated depreciation                        (172,903,000)
                                                 --------------  
TOTAL PROPERTY AND EQUIPMENT                        143,477,000

   Restricted cash                                   31,079,000
   Goodwill                                           6,987,000
   Prepaid aircraft rent                                171,000
   Investment in BATA                                 5,471,000
   Deposits and other assets                         25,589,000
                                                 --------------
      TOTAL ASSETS                                 $512,438,000
                                                 ==============
     
LIABILITIES AND SHAREHOLDERS' DEFICIT     
     
Current liabilities:     
   Short Term Debt                                   41,000,000
   Accounts payable                                   4,566,000
   Air traffic liabilities                           86,958,000
   Accrued expenses                                 137,001,000
                                                 --------------
Total current liabilities                           269,525,000
     
Deferred items                                       32,354,000
Liabilities subject to compromise                 1,515,630,000
     
Commitments and contingencies     
     
Convertible redeemable preferred stock               30,000,000
     
Shareholders' deficit:     
   Preferred stock; authorized 9,999,200 shares;              -
   Common stock, without par value; authorized       66,013,000
   Treasury stock;                                  (24,778,000)
   Additional paid-in capital                        18,166,000
   Accumulated deficit                           (1,394,472,000)
                                                 --------------
      TOTAL SHAREHOLDERS' DEFICIT                (1,335,071,000)
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT        $512,438,000
                                                 ==============

               ATA Holdings Corp. and Subsidiaries
                    Unaudited Income Statement
                For the Month Ended July 31, 2005

Operating revenues:     
   Scheduled service                                $68,923,000
   Charter                                           30,965,000
   Ground package                                     1,372,000
   Other                                              2,766,000
                                                 --------------
      TOTAL OPERATING REVENUES                      104,026,000
     
Operating expenses:     
   Fuel and oil                                      28,656,000
   Salaries, wages and benefits                      23,990,000
   Aircraft rentals                                  12,503,000
   Handling, landing and navigation fees              7,189,000
   Aircraft maintenance, materials and repairs        3,967,000
   Crew and other employee travel                     3,499,000
   Depreciation and amortization                      2,347,000
   Passenger service                                  3,199,000
   Other selling expenses                             3,036,000
   Commissions                                        1,927,000
   Facilities and other rentals                       1,539,000
   Insurance                                          1,100,000
   Ground package cost                                1,222,000
   Advertising                                          931,000
   Aircraft impairments and retirements                       0
   Other                                              4,377,000
                                                 --------------
      TOTAL OPERATING EXPENSES                       99,482,000
     
Operating income (loss)                               4,544,000
     
Other income (expense):
   Interest income                                      202,000
   Interest expense                                    (520,000)
   Reorganization expenses                           (1,164,000)
   Other                                                (96,000)
                                                 --------------
   TOTAL OTHER EXPENSE                               (1,578,000)
     
Income (loss) before income taxes                     2,966,000
Income taxes                                                  -
                                                 --------------
Net income (loss)                                    $2,966,000
                                                 ==============

               ATA Holdings Corp. and Subsidiaries
                         Cash Flow Report
                For the Month Ended July 31, 2005

Cash Flows from Operating Activities:
Net income before reorganization expenses            $4,130,000

Adjustments to reconcile net income:
   Depreciation and amortization                      2,347,000
   Other non-cash items                                 342,000

Changes in operating assets and liabilities:     
   Receivables                                        5,496,000
   Inventories                                       (3,478,000)
   Prepaid expenses                                   5,473,000
   Accounts payable                                     156,000
   Air traffic liabilities                           (2,756,000)
   Liabilities subject to compromise                 (1,059,000)
   Accrued expenses                                   5,327,000
                                                 --------------
NET CASH PROVIDED BY OPERATING ACTIVITIES            15,978,000
     
Cash Flows from Reorganization Activities:     
   Reorganization items, net                         (1,164,000)
   Prepaid expenses                                      62,000
   Accrued Expenses                                      35,000
   Other non-cash items                                (438,000)
                                                 --------------
NET CASH (USED IN) REORGANIZATION ACTIVITIES         (1,505,000)
     
Cash Flows from Investing activities:
   Capital expenditures                                (540,000)
   Noncurrent prepaid aircraft rent                       8,000
   Additions to other assets                           (429,000)
   Proceeds from sales of property and equipment        196,000
                                                 --------------
NET CASH (USED IN) INVESTING ACTIVITIES                (765,000)
     
Cash Flows from Financing activities:     
   Decrease in restricted cash                          600,000
                                                 --------------
NET CASH PROVIDED BY FINANCING ACTIVITIES               600,000
                                                 --------------
Increase in cash and cash equivalents                14,308,000

Cash and cash equivalents, beginning of period       80,944,000
                                                 --------------
Cash and cash equivalents, end of period            $95,252,000
                                                 ==============

Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATA
Holdings Corp. -- http://www.ata.com/-- is the nation's 10th  
largest passenger carrier (based on revenue passenger miles) and
one of the nation's largest low-fare carriers.  ATA has one of the
youngest, most fuel-efficient fleets among the major carriers,
featuring the new Boeing 737-800 and 757-300 aircraft.  The
airline operates significant scheduled service from Chicago-
Midway, Hawaii, Indianapolis, New York and San Francisco to over
40 business and vacation destinations.  Stock of parent company,
ATA Holdings Corp., is traded on the Nasdaq Stock Exchange.  The
Company and its debtor-affiliates filed for chapter 11 protection
on Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868
through 04-19874).  Terry E. Hall, Esq., at Baker & Daniels,
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
$745,159,000 in total assets and $940,521,000 in total debts.  
(ATA Airlines Bankruptcy News, Issue No. 33; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


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

                         Pastoral Center
                Archdiocese of Portland in Oregon
                 Statement of Financial Position
                       As of July 31, 2005

ASSETS

Cash and cash equivalents                           $13,537,567
Accounts receivable, net                                707,904
Notes, estates and other receivables                 12,750,901
Loans receivable from Archdiocesan entities, net      9,877,588
Loans receivable from Archdiocesan housing entities     521,228
Interest receivable and other assets                    221,446
Inventories                                           1,488,292
Real Property                                           226,689
Deposits and prepaid expenses                           348,953
Investments                                          93,639,592
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   8,083,261
                                                 --------------
Total Assets                                       $143,043,358
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                 $777,185
      Accrued liabilities                             2,223,387
      Funds held for others
         Second Collections                                 (11)
         Short-term investments payable              17,747,805
         Long-term pool investments payable          19,570,358
      Reserve for insurance claims                    2,343,946
      Notes payable                                  11,113,255
      Pre-need liability and reserve                    456,268
      Accrued port-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     61,839,457
                                                 --------------
   Postpetition
      Accounts payable                                  447,569
      Accrued liabilities                             1,848,385
      Funds held for others
         Second Collections                             221,724
         Short-term investments payable               2,112,058
         Long-term pool investments                   2,991,188
      Reserve for insurance claims                            -
      Notes payable                                           -
      Pre-need liability and reserve                     28,260
      Accrued port-retirement liability                       -
                                                 --------------
   Total Postpetition Liabilities                     7,649,184
                                                 --------------
     Total Liabilities                               69,488,641
                                                 --------------

Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,696,879
      Other Assets                                   (3,254,555)
                                                 --------------
   Total Prepetition Net Assets                      66,442,324
                                                 --------------

   Postpetition Net Assets:
      Charitable Trust Assets                         6,481,963
      Other Assets                                      630,430
                                                 --------------
   Total Postpetition Net Assets                      7,112,393
                                                 --------------
      Total Net Assets                               73,554,717
                                                 --------------
Total liabilities & net assets                     $143,043,358
                                                 ==============

                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
               For the month ending July 31, 2005

Revenues, gains and other support
   Annual Catholic Appeal income                         $1,017
   Gross profit on cemetery sales                       110,851
   Contributions, gifts, annuities and bequests          13,067
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   659,410
   Change in unrealized losses                        1,593,859
   Insurance premiums, net                                 (399)
   Interest income from loans                            47,155
   Parish assessments                                   254,125
   Other income                                          28,948
   Departmental revenues                                 83,704
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support           2,791,737
                                                 --------------

Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    171,316
      Clergy Services                                    78,732
      Catholic Schools                                   36,182
      Pastoral Services                                  55,216
      Evangelization Services                            52,948
      Public Services                                     8,569
      Tribunal Services                                  19,958
      Deposit and loan interest                         208,624
      Insurance program                               1,351,421
      Cemetery operating expenses                        72,015
      High School grants/charitable annuities            10,596
      Other program expenses                             54,309
                                                 --------------
         Total program services                       2,119,886
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         63,337
      Finance & Administration:
         Resource Development                            82,201
         Business Affairs                                 9,920
         Financial Services                              51,350
      Human Resources                                    28,703
      Shared Services                                    23,436
      Occupancy and physical plant expenses               8,865
      Designated funds expense                           16,687
      Bankruptcy expense                                    274
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                      284,773
                                                 --------------
         Total expenses and program support           2,404,659
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets             387,078

Fund transfers - in (out)                                     -

Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                       387,078

Net assets at beginning of year                      73,167,639
                                                 --------------
Net assets at end of year                           $73,554,717
                                                 ==============

                Archdiocese of Portland in Oregon
           Statement of Cash Receipts and Disbursements
              For the month ending July 31, 2005

Beginning Cash Balance:                             $15,161,302
Add:
   Transfers in                                         304,621
   Receipts Deposited                                 1,404,278
   Other (Return of Direct Deposits)                        130
   Other (Interest Income)                               28,384
                                                 --------------
   Total Cash Receipts                                1,737,413

Subtract:
   Transfers out                                       (304,621)
   Disbursements by check or debit                   (3,055,044)
   Cash withdrawn                                             -
   Other (Service Charges)                               (1,348)
   Other (Misc Check Correction)                             (4)
   Other (NSF Checks)                                      (131)
   Other (Clear Interfund Rec/Pay)                            -
                                                 --------------
   Total Cash Disbursements                          (3,361,148)
                                                 --------------
Ending Cash Balance                                 $13,537,567
                                                 ==============

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. 41; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Spokane's July 2005 Monthly Operating Report
-------------------------------------------------------------

                   Catholic Diocese of Spokane
                          Balance Sheet
                       As of July 31, 2005

ASSETS
   Total Cash Accounts                               $3,429,595
   Total Investments                                  3,912,740
   Total Property                                       495,004
   Total Loans Receivable                             3,014,925
   Total Interfund Loan Receivable                      396,887
   Total Accounts Receivable                             62,586
   Total Land and Buildings & Equip                   2,272,137
   Total Prepaid Expenses                                36,813
                                                 --------------
Total Assets                                        $13,620,687
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities
   Total Deposits Payable                             6,030,677
   Total Interest Payable                                     0
   Total Accounts Payable                              (461,023)

Net Assets
   Total Unrestricted - Fund Balance                 (5,177,017)
   Total Unrestricted Net Assets                     (5,177,017)
   T.R. - Guse Grant Funds                              267,193
   Total Replacement Fund                             9,832,049
   Total Diocesan D&L Funding                         2,176,115
   Total Guatemala Funds                                614,077
   Temporarily Restricted                               145,246
                                                 --------------
Total liabilities & net assets                      $13,620,687
                                                 ==============

                   Catholic Diocese of Spokane
                  Income and Expense Statement
               For the month ending July 31, 2005

Total Income                                           $173,085
Total Expenses                                          262,339
                                                 --------------
Net Excess or Deficit                                   $89,255
                                                 ==============

                     Catholic Diocese of Spokane
           Statement of Cash Receipts and Disbursements
                    June 1, 2005 to July 31, 2005

Total Cash Receipts                                    $288,814
Total Cash Disbursements                              ($265,799)

A full-text copy of the Diocese of Spokane's July 2005 monthly
operating report is available for free at:

      http://bankrupt.com/misc/spokane_july_MOR.pdf

The Roman Catholic Church of the Diocese of Spokane filed for
chapter 11 protection (Bankr. E.D. Wash. Case No. 04-08822) on
Dec. 6, 2004.  Michael J. Paukert, Esq., at Paine, Hamblen,
Coffin, Brooke & Miller, LLP, represents the Spokane Diocese in
its restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $11,162,938 in total assets and
$81,364,055 in total debts. (Catholic Church Bankruptcy News,
Issue No. 41; Bankruptcy Creditors' Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Tucson's July 2005 Monthly Operating Report
------------------------------------------------------------

        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
           (Unaudited) Statement of Financial Condition
                      As of July 31, 2005

ASSETS                                    Total   Diocese-Owned
                                          -----   -------------
Cash on hand                             $1,500          $1,500
Cash in Banks                         4,049,775       3,784,603
Cash Equivalents                      2,433,828       2,253,029
Accounts receivable, net              1,559,758       1,559,758
Allowance for doubtful accounts      (1,216,572)     (1,216,572)
Grants receivable                       247,750         247,750
Pledges receivable                        6,000           6,000
A/R held in trust for others             63,093               0
Due from administered funds             496,375               0
Prepaid expenses & other assets         100,864         100,864
Investments in businesses             6,463,340       5,888,340
Corp. & Gov't. bond investments         765,692         440,692
Investment in BPIC                       80,850          80,850
Notes receivable, net                 2,068,321         288,117
Allowance for doubtful
   notes receivable                    (323,878)              0
Assets securing 2002 settlement       3,001,847       3,001,847
Construction in progress                 48,867          48,867
Land, buildings, and equipment          244,534         244,534
Land held for future parish sites       299,389         299,389
                                 --------------  --------------
                                    $20,391,333     $17,029,568
                                 ==============  ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Accounts payable - post            1,201,008       1,201,008
   Accounts payable - pre                43,255          43,255
   Accrued expenses - post               76,230          76,230
   Accrued expenses - pre               157,682         157,682
   Interfunds payable                   496,375         496,375
   Accrued insurance claims             265,215         265,215
   Deferred revenue                      45,780          45,780
   Unsecured long-term debt - pre     2,061,455       2,061,455
   Unsecured long-term debt - post      100,000         100,000
   Unrestricted parish deposits       6,960,309       6,959,242
   Restricted parish deposits         2,710,368               0
   Secured long-term debt             2,689,034       2,689,934
   Custodial funds                      650,330               0
                                 --------------  --------------
      Total Liabilities              17,457,941      14,096,176
                                 --------------  --------------

Net Assets:
   Unrestricted/temporarily
     restricted                       1,024,504       1,024,504
   Permanently restricted             1,908,888       1,908,888
                                 --------------  --------------
Total liabilities & net assets      $20,391,333     $17,029,568
                                 ==============  ==============

        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
        Statement of Operations and Charges in Net Assets
               July 1, 2005 through July 31, 2005

Revenues
   Contributions, grants and bequests                    $1,861
   Chancery assessment                                  116,688
   Priests salary subsidy                                15,235
   Fees for services                                     13,602
   Rental Income                                          4,248
   Insurance                                             38,642
   Investment Income                                     47,484
   Gain/(loss) on assets sold                            81,364
   Miscellaneous                                          6,937
                                                 --------------
   Total Support & Revenue                              326,061

Expense
   Program Services:
      Archives                                            1,509
      Catholic Commitments & Social Services             11,545
      Evangelization & Hispanic Ministry                  7,385
      Catechesis Office                                  10,802
      Formation Office                                    5,008
      Department of Catholic Schools                     13,388
      Clergy, religious & seminarian advancement         17,801
      Parish Assistance                                  21,999
      Catholic Social Mission                             3,820

   Supporting Services:
      Office of Bishop Emeritus                           6,397
      Offices of the Bishop, et al.                      30,120
      Office of Women Religious                           1,337
      General & Administrative                           68,898
      Fiscal & Employee Services                         41,167
      Office of Child, Adolescent, et al. Protection     10,384
      Communications & Community Relations               14,672
      Property Management                                11,514
      Insurance Administration                           10,485
      Reorganization                                     24,006

Imputed interest on settlement                           15,046
Provision for doubtful accounts                           4,167
Depreciation                                              3,720
                                                 --------------
   Total Expenses                                       335,179
                                                 --------------
Excess (deficiency) of revenues over expenses           ($9,118)
                                                 ==============

        The Roman Catholic Church of the Diocese of Tucson
                   an Arizona Corporation Sole
            Current Month's Receipts and Disbursements
                 July 1, 2005 through July 31, 2005

Cash and Bank Balance:
   Beginning of Month                                  $443,391

Receipts
   Cash Sales                                           141,568
   Accounts Receivable -- Prepetition                       300
   Accounts Receivable -- Postpetition                  506,453
   Interest                                               6,259
   Sale of Assets                                     3,764,406
   Transfers in from other accounts                     101,676
   Other -- Custodial Funds                                   0
   Other -- Payroll Reimbursements                            0
   Credit Adjustments                                       801
                                                 --------------
   Total Receipts                                     4,521,462

Disbursements:
   Business -- Ordinary Operations                      893,519
   Capital Improvements                                       0
   Prepetition Debt                                           0
   Transfers to other DIP Accounts                      101,676
   Other -- Custodial Funds                               5,536
   Other -- TRF to Wells Fargo Investment                     0
   Other -- Payroll Reimbursement                             0

Reorganization Expenses:
   Attorney Fees                                         59,747
   Accountant Fees                                        8,513
   Other Professional Fees                                    0
   Funding of Avoidance Action Fund                     100,000
   U.S. Trustee Quarterly Fee                             5,000
   Court Costs                                                0
                                                 --------------
   Total Disbursements                                1,173,991
                                                 --------------
Cash & Bank Balance -- End of Month                  $3,790,862
                                                 ==============

The Roman Catholic Church of the Diocese of Tucson filed for
chapter 11 protection (Bankr. D. Ariz. Case No. 04-04721) on
September 20, 2004, and delivered a plan of reorganization to the
Court on the same day.  Susan G. Boswell, Esq., Kasey C. Nye,
Esq., at Quarles & Brady Streich Lang LLP, represent the Tucson
Diocese.  (Catholic Church Bankruptcy News, Issue No. 41
Bankruptcy Creditors' Service, Inc., 215/945-7000)


FEDERAL-MOGUL: Posts $33.1 Million Net Loss in July 2005
--------------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                     Unaudited Balance Sheet
                       As of July 31, 2005
                          (In millions)

                             Assets

Cash and equivalents                                     $412.7
Accounts receivable                                       583.5
Inventories                                               480.9
Deferred taxes                                            181.0
Prepaid expenses and other current assets                 100.0
                                                     ----------
Total current assets                                    1,758.0

Summary of Unpaid Postpetition Debits                     (56.9)
Intercompany Loans Receivable (Payable)                 2,471.7
                                                     ----------
Intercompany Balances                                   2,414.8

Property, plant and equipment                             974.7
Goodwill                                                1,010.2
Other intangible assets                                   424.6
Insurance recoverable                                     791.4
Other non-current assets                                  986.6
                                                     ----------
Total Assets                                           $8,360.3
                                                     ==========

               Liabilities and Shareholders' Equity

Short-term debt                                          $333.0
Accounts payable                                          196.7
Accrued compensation                                       60.5
Restructuring and rationalization reserves                  9.8
Current portion of asbestos liability                         -
Interest payable                                            3.2
Other accrued liabilities                                 288.9
                                                     ----------
Total current liabilities                                 892.1

Long-term debt                                                -
Post-employment benefits                                1,915.9
Other accrued liabilities                                 942.2
Liabilities subject to compromise                       5,991.7

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           565.8
   Additional paid-in capital                           8,020.7
   Accumulated deficit                                 (9,787.7)
   Accumulated other comprehensive income              (1,231.0)
   Other                                                      -
                                                     ----------
Total Shareholders' Equity                             (1,381.6)
                                                     ----------
Total Liabilities and Shareholders' Equity             $8,360.3
                                                     ==========

               Federal-Mogul Global, Inc., et al.
               Unaudited Statement of Operations
               For the month ended July 31, 2005
                          (In millions)

Net sales                                                $238.1
Cost of products sold                                     213.6
                                                     ----------
Gross margin                                               24.5

Selling, general & administrative expenses                (45.6)
Amortization                                               (1.2)
Reorganization items                                      (10.4)
Interest income (expense), net                            (10.3)
Other income (expense), net                                12.1
                                                     ----------
Earnings before Income Taxes                              (30.8)

Income Tax (Expense) Benefit                               (2.2)
                                                     ----------
Earnings before effect of change in acctg principle       (33.1)
Cumulative effect of change in acctg principle                -
                                                     ----------
Net Earnings (loss)                                      ($33.1)
                                                     ==========

               Federal-Mogul Global, Inc., et al.
               Unaudited Statement of Cash Flows
               For the month ended July 31, 2005
                          (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earnings (loss)                                   ($33.1)

Adjustments to reconcile net earnings (loss):
   Depreciation and amortization                           13.2
   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                      (0.5)
   Decrease/(increase) in accounts receivable              39.2
   Decrease/(increase) in inventories                      (3.7)
   Increase/(decrease) in accounts payable                  0.3
   Change in other assets and other liabilities            19.4
   Change in restructuring charge                           1.1
   Refunds (payments) against asbestos liability              -
                                                     ----------
Net Cash Provided From Operating Activities                36.0

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment            (6.1)
   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      (6.1)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                            (29.2)
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                  (12.3)
                                                     ----------
Net Cash Provided From Financing Activities               (41.5)

Increase (Decrease) in Cash and Equivalents               (11.6)

Cash and equivalents at beginning of period               424.3
                                                     ----------
Cash and equivalents at end of period                    $412.7
                                                     ==========

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 Oct. 1,
2001 (Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq.,
James F. Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin
Brown & Wood, and Laura Davis Jones Esq., at Pachulski, Stang,
Ziehl, Young, Jones & Weintraub, 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. 92; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


INTERSTATE BAKERIES: Earns $283,864 in Month Ending July 23
-----------------------------------------------------------

          Interstate Bakeries Corporation and Subsidiaries
           Unaudited Consolidated Monthly Operating Report
                   Four Weeks Ended July 23, 2005

REVENUE

Gross Income                                       $250,793,398
Less Cost of Goods Sold
    Ingredients, Packaging, & Outside Purchasing     60,649,284
    Direct & Indirect Labor                          47,747,045
    Overhead & Production Administration             13,089,989
                                                   ------------
    Total Cost of Goods Sold                        121,486,318
                                                   ------------
       Gross Profit                                $129,307,080
                                                   ------------

OPERATING EXPENSES

Owner-Draws/Salaries                                          -
Selling & Delivery Employee Salaries                $60,902,279
Advertising and Marketing                             2,627,156
Insurance (Property, Casualty, & Medical)            13,899,782
Payroll Taxes                                         5,202,665
Lease and Rent                                        4,160,683
Telephone and Utilities                               1,071,619
Corporate Expense (Including Salaries)                6,706,864
Other Expenses                                       30,453,566
                                                   ------------
    Total Operating Expenses                       $125,024,614
                                                   ------------
EBITDA                                               $4,282,466

Restructuring & Reorganization Charges               (6,850,235)
Depreciation and Amortization                         5,918,838
Other Income                                            (34,971)
Gain/Loss Sale of Property                                    -
Interest Expense                                      3,605,790
                                                   ------------
Operating Income (Loss)                               1,643,044
Income Tax Expense (Benefit)                          1,359,180
                                                   ------------
Net Income (Loss)                                      $283,864
                                                   ============

CURRENT ASSETS
    Accounts Receivable at end of period           $162,899,746
    Increase (Decrease) in Accounts Receivable       (6,346,062)
    Inventory at end of period                       65,776,511
    Increase (Decrease) in Inventory for period      (4,281,935)
    Cash at end of period                           157,649,903
    Increase (Decrease) in Cash for period            8,282,718
    Restricted Cash                                  19,589,069
    Increase (Dec.) in Restricted Cash for period    19,589,069

LIABILITIES
    Increase (Decrease) in Liabilities
       Not Subject to Compromise                        965,614
    Increase (Decrease) in Liabilities
       Subject to Compromise                            409,451
    Taxes payable:
       Federal Payroll Taxes                         11,561,663
       State/Local Payroll Taxes                      3,681,182
       State Sales Taxes                                949,608
       Real Estate and Personal Property Taxes       16,608,082
       Other                                          5,692,236
                                                   ------------
       Total Taxes Payable                          $38,492,771
                                                   ============

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts.  (Interstate Bakeries
Bankruptcy News, Issue No. 27; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


KAISER ALUMINUM: Earns $719,000 of Net Income in July 2005
----------------------------------------------------------

           Kaiser Aluminum Corporation -- All Debtors
               Unaudited Statements of Operations
               For the Month Ending July 31, 2005
                         (In Thousands)

Net Sales                                               $83,060

Costs and expenses:
   Cost of products sold                                 72,201
   Depreciation & amortization                            1,639
   Selling, administrative, R&D and general               5,276
   Other operating charges (benefits), net                    -
                                                      ---------
Total costs and expenses                                 79,116
                                                      ---------
Operating income (loss)                                   3,944

Other income (expense):
   Interest expenses, net                                  (374)
   Reorganization items                                  (1,228)
   Other-net                                               (338)
                                                      ---------
Income (loss) before
   income taxes and minority interest                     2,004
(Provision) benefit for income taxes                     (1,256)
Minority interests                                            -
Equity in income (loss) of subsidiaries                     (29)
                                                      ---------
Net income (loss)                                          $719
                                                      =========

            Kaiser Aluminum Corporation -- All Debtors
    Schedule of Consolidated Cash Receipts and Disbursements
               For the Month Ending July 31, 2005
                        (In Thousands)

Receipts:
   Trade Receivables
      KACC Receivables                                  $68,544
      KAII Receivables                                   22,035
                                                      ---------
   Total Trade Receivables                               90,579

   Proceeds from Asset Sales                                  -
   Return of collateral for B of A Letters of Credit        315
   Asbestos insurance recoveries                              -
   COBRA receipts                                           727
   Proceeds from Hedging Settlement                         109
                                                      ---------
Total Receipts                                           91,730

Disbursements:
   Inventory/Raw Materials                               38,711
   Capital Expenditures                                   1,933
   Maintenance, Materials, etc.                           3,745
   Freight                                                4,683
   Utilities/Energy                                       4,153
   Hourly Payroll                                         6,345
   Salaried Payroll                                       3,370
   Hedging Activities                                       563
   VEBA Advances                                          5,219
   Medical - Current Employees                            1,900
   Workmen's Compensation                                 2,302
   Corporate General and Administrative                     432
   JV Fundings - Alumina                                  3,639
   JV Fundings - Primary, Net of Minority Interest       10,860
   Other Disbursements                                    5,624
                                                      ---------
Total Operating and G&A Disbursements                    93,479

Reorganization Items                                      4,365
                                                      ---------
Total Disbursements                                      97,844
                                                      ---------
Net Cash Flow                                            (6,114)

Beginning Bank Cash Balances                             54,750
                                                      ---------
Ending Bank Cash Balances                                48,636

Reconciling Items                                           365
                                                      ---------
Ending Book Cash Balances                               $49,001
                                                      =========

Kaiser Aluminium Corporation delivered an illegible copy of the
balance sheet to the Bankruptcy Court Clerk.

Kaiser posted over $2,000,000,000 in total assets, including
approximately $270,000,000 in cash, receivables and inventories,
as of July 31, 2005.

Kaiser posted over $4,000,000,000 in total liabilities, including
almost $200,000,000 in accounts payable and accrued wages and
related expenses.

A full-text copy of the Debtors' Monthly Operating Report for the
period ending July 31, 2005, is available at no charge at:

      http://bankrupt.com/misc/Kaiser_MOR_July_2005.pdf

Headquartered in Foothill Ranch, California, Kaiser Aluminum
Corporation -- http://www.kaiseraluminum.com/-- is a leading  
producer of fabricated aluminum products for aerospace and high-
strength, general engineering, automotive, and custom industrial
applications.  The Company filed for chapter 11 protection on
February 12, 2002 (Bankr. Del. Case No. 02-10429), and has sold
off a number of its commodity businesses during course of its
cases.  Corinne Ball, Esq., at Jones Day, represents the Debtors
in their restructuring efforts.  On June 30, 2004, the Debtors
listed $1.619 billion in assets and $3.396 billion in debts.
(Kaiser Bankruptcy News, Issue No. 77; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


MERIDIAN AUTOMOTIVE: Posts $57.5 Million Net Loss in July 2005
--------------------------------------------------------------

               Meridian Automotive Systems - Composite
                  Operations, Inc. and Subsidiaries
                Unaudited Consolidated Balance Sheets
                        As of July 31, 2005
                           (In Thousands)

CURRENT ASSETS:
    Cash                                                       -
    Accounts receivable, net                            $112,657
    Intercompany receivable                               16,538
    Inventories                                           76,027
    Tooling costs in excess of billings and others        24,134
                                                      ----------
       TOTAL CURRENT ASSETS                              229,356
                                                      ----------

    Property, plant and equipment, net                   236,248
    Intangible assets                                     15,621
    Investment in subsidiaries                            23,863
    Other assets                                          19,029
                                                      ----------
       TOTAL ASSETS                                     $524,117
                                                      ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
    Current portion of long term debt                   $286,369
    Accounts payable                                      34,178
    Accrued expenses                                      47,452
    Tooling billings in excess of costs                   12,075
                                                      ----------
       TOTAL CURENT LIABILITIES                          380,074
                                                      ----------

    Liabilities subject to comprise                      457,682
    Non-Current Liabilities Not Subject to Compromise:
       Long-term debt, less current portion               13,622
       Other long-term liabilities                        16,527
       Accumulated post-retirement benefit obligation     16,095
                                                      ----------
       TOTAL LIABILITIES                                 884,000
       STOCKHOLDERS' EQUITY                             (359,883)
                                                      ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY              $524,117
                                                      ==========

               Meridian Automotive Systems - Composite
                  Operations, Inc. and Subsidiaries
                  Unaudited Statement of Operations
                         July 1 to 31, 2005
                           (In Thousands)

Net sales                                                $45,052
Cost of sales                                             50,106
                                                      ----------
Gross profit                                              (5,054)
Selling, general and administrative expenses               2,943
Restructuring charges                                        162
                                                      ----------
Operating loss (income)                                   (8,159)
Interest expense, net                                      6,964
Other income (expense)                                         2
Chapter 11 and related reorganization items               42,363
                                                      ----------
Loss before provision for income taxes                   (57,484)
Provision for income taxes                                    29
                                                      ----------
NET LOSS                                                ($57,513)
                                                      ==========

               Meridian Automotive Systems - Composite
                  Operations, Inc. and Subsidiaries
                  Unaudited Statement of Cash Flows
                         July 1 to 31, 2005
                           (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                            ($57,513)
    Adjustments required to reconcile net loss to net
       cash provided by (used in) operating activities:
       Depreciation, amortization, and impairment          3,875
       Change in working capital and other operating
          items                                           21,260
                                                      ----------
       Net cash provided by operating activities
          before reorganization items                    (32,378)
                                                      ----------
    Operating cash flows from reorganization items:
       Chapter 11 and related reorganization items        42,363
       Payments on Chapter 11 and related reorg items     (3,577)
                                                      ----------
       Net cash provided by Chapter 11 and related
          reorg items                                     38,786

       Net cash provided by operating activities           6,408

INVESTING ACTIVITIES:
    Additions to property and equipment                   (4,233)
    Proceeds from sale or property and equipment               -
                                                      ----------
       Net cash used for investing activities             (4,233)
                                                      ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                       -
    Repayments of prepetition borrowings                       -
    Proceeds from DIP credit facility                     31,400
    Repayments of DIP credit facility                    (33,600)
    Repayments on prepetition long-term debt                   -
    Deferred financing costs capitalized                     (25)
                                                      ----------
       Net cash used for financing activities             (2,175)
                                                      ----------
Net increase (decrease) in cash                                -
                                                      ----------
Cash and Cash Equivalents, beginning of period                 -

Cash and Cash Equivalents, end of period                       -
                                                      ==========

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies  
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 14; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


THAXTON GROUP: Posts $72.6 Mil. Cumulative Net Loss in July 2005
-----------------------------------------------------------------
On Aug. 25, 2005, The Thaxton Group filed its monthly operating
report for the month of July 2005 with the U.S. Bankruptcy Court
for the District of Delaware.

The company reported a cumulative net loss of $72,605,771 on
$85,899,541 of revenue for the period from Oct. 17, 2003 thru
July 31, 2005.

At July 31, 2005, the Company's balance sheet reflects:

      Total Assets                      $106,696,395
      Total Liabilities                  177,163,919
      Stockholders' Equity Deficit      ($70,467,524)

A full-text copy of Thaxton Group's July 2005 Monthly Operating
Report is available at no charge at:
http://ResearchArchives.com/t/s?154  

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.


TOWER AUTOMOTIVE: Posts $53.2 Million Net Loss in July 2005
-----------------------------------------------------------

              Tower Automotive, Inc. and Subsidiaries
               Unaudited Consolidated Balance Sheets
                       As of July 31, 2005
                          (In Thousands)

CURRENT ASSETS:
   Cash and cash equivalents                             $1,254
   Accounts receivable, net                             246,684
   Inventories                                           68,275
   Prepaid tooling and other                             31,078
                                                     ----------
      TOTAL CURRENT ASSETS                              347,291
                                                     ----------

   Property, plant and equipment, net                   586,646
   Investment in joint ventures                               -
   Investment in subsidiaries                           346,782
   Inter-company receivables                            409,295
   Other assets, net                                     91,359
                                                     ----------
      TOTAL ASSETS                                   $1,781,373
                                                     ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
   Current maturities of long-term debt & capital       $14,257
      lease obligations
   Accounts payable                                      85,843
   Accrued liabilities                                  166,028
                                                     ----------
      TOTAL CURENT LIABILITIES                          266,128
                                                     ----------

   Liabilities subject to comprise                    1,224,744
   Non-Current Liabilities Not Subject to Compromise:
      Long-term debt, net of current maturities          43,772
      DIP borrowings, net of current maturities         530,286
      Other non-current liabilities                     221,913
                                                     ----------
      TOTAL LIABILITIES                               2,286,843
      STOCKHOLDERS' EQUITY                             (505,470)
                                                     ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT          $1,781,373
                                                     ==========

              Tower Automotive, Inc. and Subsidiaries
                 Unaudited Statement of Operations
                         July 1 to 31, 2005
                          (In Thousands)

Revenues                                                $94,342
Cost of sales                                           108,639
                                                     ----------
Gross profit                                            (14,297)

Selling, general and administrative expenses              8,233
Restructuring and asset impairment charges, net          17,990
                                                     ----------
Operating income (loss)                                 (40,520)

Interest expense                                          6,235
Interest income                                          (1,853)
Chapter 11 and related reorganization items               8,029
                                                     ----------
Income (loss) before provision for income taxes,
   equity in earnings of joint ventures and
   minority interest                                    (52,931)

Provision (benefit) for income taxes                        319
                                                     ----------
Income (loss) before equity in earnings of joint
   ventures and minority interest                       (53,250)

Equity in earnings of joint ventures, net of tax              1
                                                     ----------
NET LOSS                                               ($53,249)
                                                     ==========

              Tower Automotive, Inc. and Subsidiaries
                 Unaudited Statement of Cash Flows
                         July 1 to 31, 2005
                          (In Thousands)

OPERATING ACTIVITIES:
   Net loss                                            ($53,249)
   Adjustments required to reconcile net loss to net
      cash provided by (used in) operating activities:
      Chapter 11 & related reorganization expenses        8,029
      Payments of Chapter 11 and related reorganization
         expenses                                        (1,099)
      Restructuring and asset impairment, net            15,763
      Depreciation                                        8,655
      Equity in earnings of joint ventures, net              (1)
      Change in working capital and other operating
         items                                           22,070
                                                     ----------
      Net cash provided by operating activities             168
                                                     ----------
INVESTING ACTIVITIES:
   Capital expenditures                                    (243)
                                                     ----------
      Net cash used in investing activities                (243)
                                                     ----------

FINANCING ACTIVITIES:
   Proceeds from prepetition borrowings                       -
   Repayments of prepetition borrowings                  (1,427)
   Borrowings from DIP credit facility                   57,000
   Repayments of borrowings from DIP credit facility    (60,000)
   Net proceeds from issuance of common stock                 -
                                                     ----------
      Net cash provided by financing activities          (4,427)
                                                     ----------
Net Change in cash and cash equivalents                  (4,502)
                                                     ----------
Cash and Cash Equivalents, beginning of period            5,756

Cash and Cash Equivalents, end of period                 $1,254
                                                     ==========

Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and  
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including  
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,  
Toyota, Volkswagen and Volvo.  Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components.  The Company and  
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601).  James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts.  (Tower Automotive Bankruptcy News,
Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000)


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

USG Corporation, et al.  
Consolidated Balance Sheet                         31-July-2005
__________________________                         ____________


Assets:  
Cash and cash equivalents                          $551,351,000
Marketable Securities                               153,735,000
Restricted Cash                                      67,882,000
Receivables                                         428,108,000
Inventories                                         291,921,000
Income taxes receivable                              34,035,000
Deferred income taxes                                 9,662,000
Other current assets                                 85,754,000
                                                  -------------
Total current assets                              1,622,448,000

Property, plant and equipment, net                1,627,416,000
Marketable Securities                               296,522,000
Deferred income taxes                               238,173,000
Goodwill                                             64,124,000
Other assets                                        394,460,000
                                                  -------------
Total Assets                                     $4,243,143,000
                                                  =============

Liabilities and Stockholders' Equity:
Accounts payable                                   $244,529,000
Accrued expenses                                    192,889,000
Taxes on income                                     192,798,000
                                                  -------------
Total current liabilities                           630,216,000

Other liabilities                                   412,633,000
Liabilities subject to compromise                 2,241,995,000

Stockholders' Equity:
Common stock                                          4,998,000
Treasury stock                                     (252,727,000)
Capital received in excess of par value             103,068,000
Accumulated other comprehensive income/(loss)        32,411,000
Retained earnings                                 1,070,549,000
                                                  -------------
Total stockholders' equity                          958,299,000
                                                  -------------
Total Liabilities and Stockholders' Equity       $4,243,143,000
                                                  =============

  
USG Corporation, et al.                            Month Ending
Consolidated Income Statement                      31-July-2005
_____________________________                      ____________

Net sales                                          $374,089,000

Cost of products sold                               292,016,000
Selling and administrative expenses                  25,289,000
Chapter 11 reorganization expenses                   (2,354,000)
Provision for restructuring expenses                          -
Interest expense                                        383,000
Interest income                                        (156,000)
Other (income)/expense, net                            (277,000)
                                                  -------------
Earnings/(loss) before income taxes                  59,188,000

Income taxes (benefit)                               23,862,000
                                                  -------------
Net Earnings/(loss)                                 $35,326,000
                                                  =============

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. 95; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


WINN-DIXIE: Posts $38 Mil. Net Loss for the Period Ended July 27
----------------------------------------------------------------

                   Winn-Dixie Stores, Inc., et al.
                Unaudited Consolidated Balance Sheet
                           At June 27, 2005
                            (In thousands)

                                ASSETS

Current assets:
    Cash and cash equivalents                            $58,241
    Marketable securities                                 19,662
    Trade and other receivables, net                     217,885
    Insurance claims receivable                            8,656
    Income tax receivable                                 33,790
    Merchandise inventories, less LIFO reserve           743,913
    Prepaid expenses and other current assets             95,754
                                                    ------------
Total current assets                                   1,177,901

Property, plant and equipment, net                       682,760
Other assets, net                                        109,790
                                                    ------------
TOTAL ASSETS                                          $1,970,451
                                                    ============

                 LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
    Current portion of long-term debt                       $213
    Current obligations under capital leases               4,859
    Accounts payable                                      93,038
    Reserve for self-insurance liabilities                77,966
    Accrued wages and salaries                            86,125
    Accrued rent                                          29,569
    Accrued expenses                                      89,427
                                                    ------------
Total current liabilities                                381,197

Reserve for self-insurance liabilities                   141,071
Long-term debt                                               377
Long-term borrowings under DIP Credit Facility           240,526
Obligations under capital leases                          10,375
Other liabilities                                         18,440
                                                    ------------
Total liabilities not subject to compromise              791,986
Liabilities subject to compromise                      1,103,037
                                                    ------------
Total liabilities                                      1,895,023

Shareholders' equity:
    Common stock                                         141,863
    Additional paid-in-capital                            33,143
    Retained deficit                                     (59,186)
    Accumulated other comprehensive loss                 (40,392)
                                                    ------------
Total shareholders' equity                                75,428
                                                    ------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY            $1,970,451
                                                    ============


                   Winn-Dixie Stores, Inc., et al.
           Unaudited Consolidated Statement of Operations
                   Four weeks ended July 27, 2005
                            (In thousands)

Net sales                                               $732,906
Cost of sales                                            548,432
                                                    ------------
Gross profit on sales                                    184,474

Other operating and administrative expenses              217,038
Restructuring gains                                          (40)
Operating loss                                           (32,524)
Interest expense, net                                      1,708
                                                    ------------
Loss before reorganization items and income taxes        (34,232)

Reorganization items, net                                  4,263
                                                    ------------
Loss before income taxes                                 (38,495)

Income tax expense                                             -
                                                    ------------
NET LOSS                                                ($38,495)
                                                    ============


                   Winn-Dixie Stores, Inc., et al.
           Unaudited Consolidated Statement of Cash Flows
                   Four weeks ended July 27, 2005
                            (In thousands)

Cash flows from operating activities:
    Net loss                                            ($38,495)
    Adjustments to reconcile net loss to
     net cash used in operating activities:
       Gain on sales of assets, net                          (45)
       Reorganization items, net                          (4,263)
       Depreciation and amortization                      10,734
       Stock compensation plans                              900
       Change in operating assets and liabilities:
          Trade and other receivables                    (11,093)
          Merchandise inventories                         54,071
          Prepaid expenses and other current assets      (13,041)
          Accounts payable                                  (290)
          Reserve for self-insurance liabilities            (496)
          Lease liability on closed facilities            (1,246)
          Income taxes receivable                            176
          Defined benefit plan                               (63)
          Other accrued expenses                           1,186
       Net cash provided by operating activities
        before reorganization items                       (1,965)
       Cash effect of reorganization items                (2,356)
                                                    ------------
Net cash used in operating activities                     (4,321)

Cash flows from investing activities:
    Purchases of property, plant and equipment              (723)
    Decrease in investments and other assets               5,869
    Proceeds from sales of assets                            226
    Marketable securities, net                                36
                                                    ------------
Net cash provided by investing activities                  5,408

Cash flows from financing activities:
    Gross borrowings on DIP Credit Facility              191,443
    Gross repayments on DIP Credit Facility             (195,921)
    Debt issuance costs                                     (120)
    Principal payments on capital lease obligations         (271)
    Other                                                   (118)
                                                    ------------
Net cash used in financing activities                     (4,987)

Decrease in cash and cash equivalents                     (3,900)
Cash and cash equivalents at beginning of period          62,141
                                                    ------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD               $58,241
                                                    ============

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. 22; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


                          *********

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

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.  
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

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

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

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

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                          *********

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

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

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

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

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

                    *** End of Transmission ***