TCR_Public/051112.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

         Saturday, November 12, 2005, Vol. 9, No. 269

                          Headlines

ACCEPTANCE INSURANCE: Posts $362,347 Net Loss in October 2005
ANCHOR GLASS: Posts $6.9 Million Net Loss in September 2005
AURA SYSTEMS: Posts $401,159 Net Loss in September 2005
FEDERAL-MOGUL: Posts $18.5 Million Net Loss in September 2005
FIRST VIRTUAL: Posts $57,227 Net Loss in July 2005

FIRST VIRTUAL: Posts $67,586 Net Loss in August 2005
FRIEDMAN'S INC: Files Operating Report for Period Ended Oct. 1
SAINT VINCENTS: Posts $8.1 Million Net Loss in September 2005
SOLUTIA INC: Posts $14 Million Net Loss in September 2005
WINN-DIXIE: Files Amended Schedule of Unsecured Nonpriority Claims


                          *********

ACCEPTANCE INSURANCE: Posts $362,347 Net Loss in October 2005
-------------------------------------------------------------
On Nov. 7, 2005, Acceptance Insurance Companies Inc. filed its
monthly operating report for October 2005 with the U.S.
Bankruptcy Court for the District of Nebraska.

The Debtor reports a $362,347 net loss on $7,539 of revenue for
October 2005.

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

      Total Current Assets                   $2,573,697
      Total Assets                           32,839,887
      Total Liabilities                     138,188,584
      Total Shareholders' Equity Deficit  ($105,348,697)

A full-text copy of Acceptance Insurance Companies Inc.'s
October 2005 Monthly Operating Report is available at no charge
at http://ResearchArchives.com/t/s?2d7

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.


ANCHOR GLASS: Posts $6.9 Million Net Loss in September 2005
-----------------------------------------------------------

               Anchor Glass Container Corporation
    Unaudited Statement of Operations and Comprehensive Loss
             For the month ending September 30, 2005
                         (In Thousands)

Net Sales                                               $58,328

Costs and Expenses
   Costs of products sold                                58,945
   Selling and administrative expenses                    1,357
   Restructuring charges                                    114
                                                    -----------
Loss from operations                                     (2,088)

Reorganization items                                       (727)
Other expense, net                                         (112)
Interest expense                                         (3,946)
                                                    -----------
Net Loss                                                ($6,873)
                                                    ===========  

The Debtor did not file its balance sheet as of Sept. 30, 2005.

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.(Anchor Glass Bankruptcy News, Issue No.
12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


AURA SYSTEMS: Posts $401,159 Net Loss in September 2005
-------------------------------------------------------
On Oct. 31, 2005, Aura Systems, Inc., filed its monthly operating
report for the month of September 2005, with the U.S. Bankruptcy
Court for the Central District of California, Los Angeles
Division.

The Company reported a $401,159 net loss in $322,270 of net sales
for the month of September 2005.

At Sept. 30, 2005, Aura System, Inc.'s balance sheet shows:

      Current Assets                        $11,960,804
      Total Assets                           18,512,204
      Total Postpetition Liabilities          2,383,055
      Total Prepetition Liabilities          15,542,204
      Total Liabilities                      17,925,259
      Total Stockholders' Equity               $586,945

A full-text copy of Aura Systems, Inc.'s September 2005 Monthly
Operating Report is available at no charge at
http://ResearchArchives.com/t/s?2da

Headquartered in El Segundo, California, Aura Systems, Inc.
-- http://www.aurasystems.com/-- develops and sells AuraGen(R)   
mobile induction power systems to the industrial, commercial and
defense mobile power generation markets.  The Company filed for
chapter 11 protection on June 24, 2005 (Bankr. C.D. Calif. Case
No. 05-24550).  Ron Bender, Esq., at Levene Neale Bender Rankin &
Brill LLP, represent the Debtor in its restructuring efforts.  
When the Debtor filed for bankruptcy, it reported $18,036,502 in
assets and $28,919,987 in debts.


FEDERAL-MOGUL: Posts $18.5 Million Net Loss in September 2005
-------------------------------------------------------------

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

                             Assets

Cash and equivalents                                     $420.0
Accounts receivable                                       616.3
Inventories                                               464.7
Deferred taxes                                            181.1
Prepaid expenses and other current assets                 105.9
                                                     ----------
Total current assets                                    1,788.0

Summary of Unpaid Postpetition Debits                     (70.6)
Intercompany Loans Receivable (Payable)                 2,503.2
                                                     ----------
Intercompany Balances                                   2,432.6

Property, plant and equipment                             951.4
Goodwill                                                1,010.8
Other intangible assets                                   423.4
Insurance recoverable                                     797.0
Other non-current assets                                  959.1
                                                     ----------
Total Assets                                           $8,362.4
                                                     ==========

               Liabilities and Shareholders' Equity

Short-term debt                                          $328.3
Accounts payable                                          198.5
Accrued compensation                                       73.2
Restructuring and rationalization reserves                 10.0
Current portion of asbestos liability                         -
Interest payable                                            2.5
Other accrued liabilities                                 284.1
                                                     ----------
Total current liabilities                                 896.7

Long-term debt                                                -
Post-employment benefits                                1,926.3
Other accrued liabilities                                 938.2
Liabilities subject to compromise                       5,996.4

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           565.8
   Additional paid-in capital                           8,021.9
   Accumulated deficit                                 (9,813.6)
   Accumulated other comprehensive income              (1,219.8)
   Other                                                      -
                                                     ----------
Total Shareholders' Equity                             (1,395.1)
                                                     ----------
Total Liabilities and Shareholders' Equity             $8,362.4
                                                     ==========

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

Net sales                                                $275.7
Cost of products sold                                     231.8
                                                     ----------
Gross margin                                               43.9

Selling, general & administrative expenses                (43.4)
Amortization                                               (1.2)
Reorganization items                                       (8.5)
Interest income (expense), net                            (11.1)
Other income (expense), net                                 3.9
                                                     ----------
Earnings before Income Taxes                              (16.4)

Income Tax (Expense) Benefit                               (2.1)
                                                     ----------
Earnings before effect of change in acctg principle       (18.5)
Cumulative effect of change in acctg principle                -
                                                     ----------
Net Earnings (loss)                                      ($18.5)
                                                     ==========

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

Cash Provided From (Used By) Operating Activities:
   Net earnings (loss)                                   ($18.5)

Adjustments to reconcile net earnings (loss):
   Depreciation and amortization                           13.8
   Adjustments of assets held for sale to fair value        9.2
   Asbestos Charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg principle             -
   Change in post-employment benefits                       0.1
   Decrease/(increase) in accounts receivable             (39.0)
   Decrease/(increase) in inventories                       8.5
   Increase/(decrease) in accounts payable                  6.3
   Change in other assets and other liabilities            16.2
   Change in restructuring charge                           0.1
   Refunds (payments) against asbestos liability              -
                                                     ----------
Net Cash Provided From Operating Activities                (3.2)

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment            (7.0)
   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      (7.0)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                             10.0
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                   (6.5)
                                                     ----------
Net Cash Provided From Financing Activities                 3.5

Increase (Decrease) in Cash and Equivalents                (6.7)

Cash and equivalents at beginning of period               426.7
                                                     ----------
Cash and equivalents at end of period                    $420.0
                                                     ==========

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. 97;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


FIRST VIRTUAL: Posts $57,227 Net Loss in July 2005
--------------------------------------------------
On Sept. 20, 2005, First Virtual Communications, Inc., and its
debtor-affiliate, CUseeMe Networks, Inc., filed their monthly
operating report for the month of July 2005 with the U.S.
Bankruptcy Court for the Northern District of California.

The Debtors reported a $57,227 net loss on zero net sales for
July 2005.  The Debtors also reported a cumulative net profit of
$4,126,336 on $1,984,925 of net sales from Jan. 20, 2005, through
July 31, 2005.

At July 31, 2005, First Virtual's consolidated balance sheet
showed:

      Total Current Assets                       $2,229,286
      Total Assets                                2,229,286
      Current Liabilities                           263,727
      Total Liabilities                           2,336,000
      Shareholders' Deficit                       ($106,714)

A full-text copy of First Virtual's July 2005 Monthly Operating
Report is available at no charge at:

             http://ResearchArchives.com/t/s?2d8

Headquartered in Redwood City, California, First Virtual
Communications, Inc. -- http://www.fvc.com/-- delivers integrated  
software technologies for rich media web conferencing and
collaboration solutions.  The Company and its affiliate - CUseeMe
Networks, Inc. -- filed for chapter 11 protection on Jan. 20, 2005
(Bankr. N.D. Calif. Case No. 05-30145).  Kurt E. Ramlo, Esq., at
Skadden, Arps, Slate, Meagher & Flom represents the Debtors in
their restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $7,485,867 in total assets and
$13,567,985 in total debts.


FIRST VIRTUAL: Posts $67,586 Net Loss in August 2005
----------------------------------------------------
On Oct. 20, 2005, First Virtual Communications, Inc., and its
debtor-affiliate, CUseeMe Networks, Inc., filed their monthly
operating report for the month of August 2005 with the U.S.
Bankruptcy Court for the Northern District of California.

The Debtors reported a $67,586 net loss on zero net sales for
August 2005.  The Debtors also reported a cumulative net profit of
$4,058,749 on $1,984,925 of net sales from Jan. 20, 2005, through
Aug. 31, 2005.

At Aug. 31, 2005, First Virtual's consolidated balance sheet
showed:

      Total Current Assets                       $2,155,989
      Total Assets                                2,155,989
      Current Liabilities                           256,399
      Total Liabilities                           2,328,672
      Shareholders' Deficit                       ($172,683)

A full-text copy of First Virtual's August 2005 Monthly Operating
Report is available at no charge at:

             http://ResearchArchives.com/t/s?2d9

Headquartered in Redwood City, California, First Virtual
Communications, Inc. -- http://www.fvc.com/-- delivers integrated  
software technologies for rich media web conferencing and
collaboration solutions.  The Company and its affiliate - CUseeMe
Networks, Inc. -- filed for chapter 11 protection on Jan. 20, 2005
(Bankr. N.D. Calif. Case No. 05-30145).  Kurt E. Ramlo, Esq., at
Skadden, Arps, Slate, Meagher & Flom represents the Debtors in
their restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $7,485,867 in total assets and
$13,567,985 in total debts.


FRIEDMAN'S INC: Files Operating Report for Period Ended Oct. 1
--------------------------------------------------------------
On Oct. 31, 2005, Friedman's Inc. and its debtor-affiliates filed
their consolidated monthly operating reports for the period from
Aug. 28, 2005, through Oct. 1, 2005, with the U.S. Bankruptcy
Court for the Southern District of Georgia.

At Oct. 1, 2005, Friedman's Inc. and its debtor-affiliates'
financial reports show:

      Beginning Cash Balance                    $694,845
      Total Cash Receipts                     45,441,533
      Total Cash Disbursements                50,975,848
      Ending Cash Balance                    ($4,839,470)

A full-text copy of Friedman's Inc. and its debtor-affiliates'
Monthly Operating Reports for the period ended Oct. 1, 2005, is
available at no charge at http://ResearchArchives.com/t/s?2db

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.


SAINT VINCENTS: Posts $8.1 Million Net Loss in September 2005
-------------------------------------------------------------

                         SVCMC Debtors
              Unaudited Consolidated Balance Sheet
                    As of September 30, 2005

ASSETS
Cash & Cash Equivalents                              $2,742,225
Investments                                           1,147,882
Patients Accounts Receivable, less allowance for
   doubtful accounts                                189,740,635
Accounts Receivable                                  37,802,083
Other Current Assets                                 43,221,000
                                                 --------------
   Total Current Assets                             274,653,825

Depreciation Reserve Funds & Collaterized Assets     55,171,562
Assets Designated for Self-Insurance
   Investments at Market                             49,905,921
Assets whose use is limited -
   Investments at Market                             58,405,289
Other Non-Current Assets                             12,233,353

Land, Buildings & Equipment, net of
   Accumulated Depreciation                         289,694,646
                                                 --------------
   Total Assets                                    $740,064,596
                                                 ==============

LIABILITIES AND NET ASSETS
Liabilities Subject to Compromise:
   HFG Loan                                          $6,577,000
   Accounts Payable & Accrued Expenses              236,370,786
   Estimated Retroactive Payables to
      Third Parties, net                             90,320,523
   Long-term Debt                                   299,806,278
   Long-term Debt, excluding current installments     6,976,688
   Estimated Liability for Self-Insurance           143,554,241
   Other Liabilities                                 94,827,904
                                                 --------------
   Total Liabilities Subject to Compromise          878,433,420

Liabilities Not Subject to Compromise:
   Accrued Salaries & Payroll Taxes Withheld         62,959,727
   Accounts Payables & Accrued Expenses              36,962,000
                                                 --------------
   Total Liabilities                                978,355,147

Net Assets:
   Unrestricted                                    (293,916,075)
   Temporarily Restricted                            31,194,524
   Permanently Restricted                            24,431,000
                                                 --------------
   Total Net Assets                                (238,290,551)
                                                 --------------
   Total Liabilities & Net Assets                  $740,064,596
                                                 ==============

                         SVCMC Debtors
            Unaudited Consolidated Income Statement
             From September 1 to September 30, 2005

Operating Revenue
   Inpatient                                        $56,313,694
   Outpatient                                        34,599,620
      Patient Service Revenue                        90,913,314
      Less Provision for Bad Debt                    10,613,036
      Net Patient Service Revenue                    80,300,278
   Pool Revenue                                       5,165,492
   Capitation                                         7,618,420
   Other                                             10,284,599
                                                 --------------
   Total Operating Revenue                          103,368,788

Operating Expenses:
   Salaries and Wages                                50,794,344
   Fringe Benefits                                   14,292,874
   Supplies and Other                                31,592,589
   Insurance                                          4,869,779
                                                 --------------
   Total Direct Operating Costs                     101,549,586

   Salaries and Wages                                 2,790,932
   Fringe Benefits                                      779,088
   Supplies and Other                                 6,395,465
                                                 --------------
   Total Corporate Allocated                          9,965,485
                                                 --------------
   Total Operating Expense                          111,515,070
                                                 --------------
Interest                                              2,385,587
Depreciation                                          3,821,876
                                                 --------------
   Operating Gain (Loss) Before
      Non-Recurring and/or Unusual Items            (14,353,745)

Non-Recurring and/or Unusual Items:
   St. Mary's Op Pac Rate Adjustment                          -
   ZBEC/HFE Recoveries                                  171,759
   Restructuring & Bankruptcy Related Costs          (3,745,036)
   Transfer of Equity Foundation                       (233,934)
                                                 --------------
   Total Non-Recurring and/or Unusual Items          (3,807,211)
                                                 --------------
   Operating Gain (Loss) After
      Non-Recurring and/or Unusual Items            (18,160,956)
                                                 --------------
Non-Operating Revenue                                 5,260,485
Change in Temporary Restricted Net Assets              (541,000)
                                                 --------------
   Change in Net Assets                            ($13,441,471)
                                                 --------------
   EBITDA                                           ($8,146,282)
                                                 ==============

                         SVCMC Debtors
               Unaudited Statement of Cash Flows
             From September 1 to September 30, 2005

Cash Flows from Operation Activities:
   Changes in Net Assets                           ($13,441,471)

Adjustments to Reconcile Changes in Net Assets
   to Net Cash Provided by Operating Activities:
   Change in Net Assets from July 1 to July 4, 2005           -
   Depreciation & Amortization                        3,821,876
   Change in Unrealized Gains & Losses                 (304,475)
   Change in Patient's Accounts Receivable            7,002,050
   Change in Accounts Receivables, Other             (2,569,237)
   Change in Prepaid Expenses & Other                (2,466,000)
   Change in Other Non-Current Assets                  (336,043)
   Change in Accounts Payable &
      Accrued Exp-Prepetition                         2,691,002
   Change in Accounts Payable &
      Accrued Exp-Postpetition                       (2,547,291)
   Change in Accrued Salaries & P/R Taxes              (886,850)
   Change in Est. Retro rec/pay
      from/to third parties                          (1,917,160)
   Change in Est. Liability for self-insurance          (82,000)
   Change in Other Non-Current Liabilities            1,080,383
                                                 --------------
   Net Cash Provided by Operating Activities         (9,955,215)

Cash flows From Investment Activities:
   Sale of Investments, Net                          35,439,229
   (Purchase) of Assets Whose Use is Limited          2,615,906
   Acquisition/Sale of Land, Building,
      & Equipment                                      (814,475)
                                                 --------------
   Net Cash Provided by Investing Activities         37,240,659

Cash flows From Financing Activities:
   Proceeds/Repayment From/of Working Capital Loan   (9,360,000)
   Proceed from issuance of Long-term debt            3,419,000
   Repayment of Long-term debt                      (36,093,861)
   Net Cash (Used) in Financing Activities          (42,034,861)
   Net Increase (Decrease)
      in Cash & Cash Equivalents                    (14,749,417)

   Cash & Cash Equivalents at Beginning of Month     17,491,642
                                                 --------------
   Cash & Cash Equivalents at End of the Month       $2,742,225
                                                 ==============

Headquartered in New York, New York, Saint Vincents Catholic
Medical Centers of New York -- http://www.svcmc.org/-- the  
largest Catholic healthcare providers in New York State, operate
hospitals, health centers, nursing homes and a home health agency.
The hospital group consists of seven hospitals located throughout
Brooklyn, Queens, Manhattan, and Staten Island, along with four
nursing homes and a home health care agency.  The Company and six
of its affiliates filed for chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary
Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will &
Emery, LLP, represent the Debtors in their restructuring efforts.
As of Apr. 30, 2005, the Debtors listed $972 million in total
assets and $1 billion in total debts.  (Saint Vincent Bankruptcy
News, Issue No. 14; Bankruptcy Creditors' Service, Inc., 215/945-
7000)


SOLUTIA INC: Posts $14 Million Net Loss in September 2005
---------------------------------------------------------

                   Solutia Chapter 11 Debtors
      Unaudited Statement of Consolidated Financial Position
                      As of September 30, 2005

                              Assets

Current Assets:
   Cash                                              $6,000,000
   Trade Receivables, net                           150,000,000
   Account Receivables-Unconsolidated Subsidiaries   46,000,000
   Inventories                                      144,000,000
   Other Current Assets                              57,000,000
                                                 --------------
Total Current Assets                                403,000,000

Property, Plant and Equipment, net                  672,000,000
Investments in Subsidiaries and Affiliates          543,000,000
Intangible Assets, net                              100,000,000
Other Assets                                         82,000,000
                                                 --------------
TOTAL ASSETS                                     $1,800,000,000
                                                 ==============

              Liabilities and Shareholders' Deficit

Current Liabilities
   Accounts Payable                                $139,000,000
   Short Term Debt                                  300,000,000
   Other Current Liabilities                        164,000,000
                                                 --------------
Total Current Liabilities                           603,000,000

Other Long-Term Liabilities                         201,000,000
                                                 --------------
Total Liabilities not Subject to Compromise         804,000,000

Liabilities Subject to Compromise                 2,261,000,000
Shareholders' Deficit                            (1,265,000,000)
                                                 --------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT        $1,800,000,000
                                                 ==============

                    Solutia Chapter 11 Debtors
         Unaudited Consolidated Statement of Operations
              For the Month Ended September 30, 2005

Total Net Sales                                    $178,000,000
Total Cost Of Goods Sold                            172,000,000
                                                 --------------
Gross Profit                                          6,000,000

Total MAT Expense                                    16,000,000
Operating Loss                                      (10,000,000)
Equity Earnings from Affiliates                       4,000,000
Interest Expense, net                                (5,000,000)
Other Income, net                                     3,000,000
Reorganization Items:
   Professional fees                                 (4,000,000)
   Employee severance and retention costs            (1,000,000)
   Adjustment to allowed claim amounts                1,000,000
   Settlements of prepetition claims                          -
   Other                                             (1,000,000)
                                                 --------------
   Total Reorganization Items                        (5,000,000)
                                                 --------------
Loss Before Taxes                                   (13,000,000)
Income Taxes                                          1,000,000
                                                 --------------
Net Loss                                           ($14,000,000)
                                                 ==============

Headquartered in St. Louis, Missouri, Solutia, Inc. --
http://www.solutia.com/-- with its subsidiaries, make and sell a       
variety of high-performance chemical-based materials used in a
broad range of consumer and industrial applications.  The Company
filed for chapter 11 protection on December 17, 2003 (Bankr.
S.D.N.Y. Case No. 03-17949).  When the Debtors filed for
protection from their creditors, they listed $2,854,000,000 in
assets and $3,223,000,000 in debts.  Solutia is represented by
Richard M. Cieri, Esq., at Kirkland & Ellis.  (Solutia Bankruptcy
News, Issue No. 49; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


WINN-DIXIE: Files Amended Schedule of Unsecured Nonpriority Claims
------------------------------------------------------------------
Winn-Dixie Stores, Inc., amended its Schedule of Unsecured Non-
Priority Claims -- Schedule F -- of their Schedules of Assets and
Liabilities to add 57 creditors holding claims totaling $93,065,
plus certain unliquidated amounts.  The creditors include:

     Claimant                          Claim Amount
     --------                          ------------
     Anderson, John                       $1,500
     Codina, Armando                      28,681
     Dasburg, John                         1,500
     Estate of Fowler, Tillie              1,500
     Hauer Custom Manufacturing           16,934
     North, Julia                         32,636
     Patient First                           327
     Progressive Business Publications       230
     Rider, Carleton T.                    5,757
     Townsend, Ronald                      4,000

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. 26; 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, Tara Marie Martin, 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.

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