TCR_Public/051126.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 26, 2005, Vol. 9, No. 281

                          Headlines

ADELPHIA COMMS: Posts $16.1 Million Net Loss in October 2005
ADELPHIA COMMS: Century/ML'S October 2005 Monthly Operating Report
ASARCO LLC: Files Schedules of Assets and Liabilities
FEDERAL-MOGUL: Posts $9.7 Million Net Loss in October 2005
FRESH CHOICE: Posts $463,079 Net Loss for Period Ended Oct. 30

MIRANT CORP: Posts $1.4 Billion Net Loss in September 2005
MIRANT CORP: MAGi Posts $763 Million Net Loss in September 2005
O'SULLIVAN INDUSTRIES: Files Schedules of Assets and Liabilities
O'SULLIVAN INDUSTRIES: Holdings' Schedules of Assets and Debts
O'SULLIVAN INDUSTRIES: Virginia's Schedules of Assets & Debts

O'SULLIVAN IND: Furniture Outlets' Schedules of Assets & Debts
OWENS CORNING: Posts $7 Million Net Loss in August 2005
UNITED AIRLINES: Posts $698 Million Net Loss in October 2005


                          *********

ADELPHIA COMMS: Posts $16.1 Million Net Loss in October 2005
------------------------------------------------------------

             Adelphia Communications Corporation, et al.
                Unaudited Consolidated Balance Sheet
                     As of October 31, 2005
                       (Dollars in thousands)

                               ASSETS

Cash and cash equivalents                               $328,045
Restricted cash                                           23,035
Accounts receivables - net                               100,917
Receivable for securities                                 25,129
Other current assets                                     184,730
                                                     -----------
Total current assets                                     661,856

Restricted cash                                          266,806
Investments in equity affiliates                           7,029
Receivables from non-filing entities                     731,539
Property, plant and equipment - net                    4,248,932
Intangible assets - net                                7,068,581
Other noncurrent assets - net                             78,571
                                                     -----------
Total Assets                                         $13,063,314
                                                     ===========

                LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable                                         $66,236
Subscriber advance payments and deposits                  31,045
Accrued liabilities                                      567,794
Deferred income                                           23,458
Current portion of parent and subsidiary debt            815,515
                                                     -----------
Total current liabilities                              1,504,048

Other liabilities                                         34,857
Deferred income                                           60,848
Deferred income taxes                                    827,457
                                                     -----------
Total noncurrent liabilities                             923,162

Liabilities subject to compromise                     18,463,633
                                                     -----------
Total liabilities                                     20,890,843

Minority interests in equity of subsidiary                75,903

Stockholders' equity:
    Series preferred stock                                   397
    Class A and Class B common stock                       2,548
    Additional paid-in capital                         9,567,055
    Accumulated other comprehensive income                    42
    Accumulated deficit                              (17,445,537)
    Treasury stock, at cost                              (27,937)
                                                     -----------
Total stockholders' equity                            (7,903,432)
                                                     -----------
Total liabilities and stockholders' equity           $13,063,314
                                                     ===========

             Adelphia Communications Corporation, et al.
           Unaudited Consolidated Statements of Operations
                   Month Ended October 31, 2005
                      (Dollars in thousands)

Revenue                                                 $350,434
Cost and expenses:
    Direct operating and programming                     205,047
    Selling, general and administrative                   33,499
    Investigation, re-audit and sale transaction co        5,105
    Depreciation and amortization                         67,303
    Impairment of long-lived assets                            -
    Provision for uncollectible amounts from Rigases           -
    Gains on dispositions of long-lived assets                 -
                                                     -----------
Operating income (loss)                                   39,480

Other income (expense):
    Interest expense                                     (49,937)
    Impairment of cost & available for sale investments        -
    Other income (expense) - net                              82
                                                     -----------
       Total other expense - net                         (49,855)
                                                     -----------
Loss from continuing operations before
    reorganization   expenses                            (10,375)

Reorganization expenses due to bankruptcy                 (5,998)
                                                     -----------
Loss from continuing operations before income taxes      (16,373)
Income tax expense                                             -
Share of losses of equity affiliates - net                  (290)
Minority's interest in subsidiary losses - net               559
                                                     -----------
Net loss                                                 (16,104)
Beneficial conversion feature                                  -
                                                     -----------
Net loss applicable to common stockholders              ($16,104)
                                                     ===========

             Adelphia Communications Corporation, et al.
           Unaudited Consolidated Statements of Cash Flows
                For the Month Ended October 31, 2005
                       (Dollars in thousands)

Cash flows from operating activities:
    Net loss                                            ($16,104)
    Adjustments to reconcile net loss to net cash
    provided by (used in) operating activities:
       Depreciation and amortization                      67,303
       Impairment of long-lived assets                         -
       Provision for uncollectible amounts from Rig            -
       Amortization of debt issuance costs                   277
       Impairment of cost & available for sale investments     -
       Provision for settlements                               -
       Reorganization expenses due to bankruptcy           5,998
       Deferred tax expense (benefit)                          -
       Share in losses of equity affiliates - net            290
       Minority interest in losses of subsidiaries          (559)
       Other noncash gains                                     -
       Depreciation, amortization and other non-cash
          items from discontinued operations                   -
       Change in operating assets & liabilities           (6,321)
                                                     -----------
Net cash provided by operating activities before
payment of reorganization expenses                        50,884

Reorganization expenses paid during the period            (6,477)
                                                     -----------
Net cash provided by (used in) operating activities       44,407

Cash flows from investing activities:
    Expenditures for property, plant and equipment       (49,256)
    Changes in restricted cash                          (264,925)
    Proceeds from sale of investments                    263,770
    Other                                                  3,416
                                                     -----------
Net cash used in investing activities                    (46,995)

Cash flows from financing activities:
    Proceeds from debt                                     6,000
    Repayments of debt                                    (1,389)
    Payment of debt issuance costs                             -
                                                     -----------
Net cash provided by financing activities                  4,611

Change in cash and cash equivalents cash                   2,023

Cash, beginning of period                                326,022
                                                     -----------
Cash, end of period                                     $328,045
                                                     ===========

Headquartered in Coudersport, Pennsylvania, Adelphia
Communications Corporation (OTC: ADELQ) is the fifth-largest cable
television company in the country.  Adelphia serves customers in
30 states and Puerto Rico, and offers analog and digital video
services, high-speed Internet access and other advanced services
over its broadband networks.  The Company and its more than 200
affiliates filed for Chapter 11 protection in the Southern
District of New York on June 25, 2002.  Those cases are jointly
administered under case number 02-41729.  Willkie Farr & Gallagher
represents the ACOM Debtors.  (Adelphia Bankruptcy News, Issue
No. 116; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMS: Century/ML'S October 2005 Monthly Operating Report
------------------------------------------------------------------

                      Century-ML Cable Venture
                       (Debtor-In-Possession)
                      Unaudited Balance Sheet
                      As of October 31, 2005
                       (Dollars in thousands)

                                ASSETS

Cash and cash equivalents                                $35,626
                                                        --------
     Total assets                                        $35,626
                                                        ========

               LIABILITIES AND STOCKHOLDERS' EQUITY

Accrued expenses and other liabilities                   $35,626
                                                        --------
Total current liabilities                                 35,626
                                                        --------
Contingencies
Partners' equity                                               -
                                                        --------
     Total liabilities and partners' equity              $35,626
                                                        ========

                      Century-ML Cable Venture
                       (Debtor-In-Possession)
                 Unaudited Statement of Operations
                For the Month Ended October 31, 2005
                       (Dollars in thousands)

Revenue                                                   $1,112

Cost and expenses:
     Direct operating and programming                        610
     Selling, general and administrative                       6
     Management fees                                          38
     Non-recurring professional fees                         137
     Depreciation                                             63
                                                        --------
Operating income                                             258

Other income:
     Interest income, net                                     29
     Equity in net income of Century-ML Cable
        Corporation, net of taxes                            279
                                                        --------
Income before reorganization expenses                        566
Reorganization expenses due to bankruptcy                   (264)
                                                        --------
Income before income taxes                                   302
Income tax expense                                          (132)
                                                        --------
Net income                                                  $170
                                                        ========

                      Century-ML Cable Venture
                       (Debtor-In-Possession)
                 Unaudited Statement of Cash Flows
                For the Month Ended October 31, 2005
                       (Dollars in thousands)

Cash flow from operating activities:
Net income                                                  $170
     Adjustments to reconcile net income
         to net cash provided by (used in)
         operating activities:
     Depreciation                                             63
     Reorganization expenses due to bankruptcy               264
     Non-recurring professional fees                           -
     Equity in net income of Century-ML Cable
        Corp., net of taxes                                 (279)
     Change in assets and liabilities:                      (592)
                                                        --------
                                                            (374)
Reorganization expenses during the period                   (233)
                                                        --------
Net cash provided by operating activities                   (607)
Cash flows from investing activities:
     Expenditures from property, plant and equipment         (92)
     Proceeds from sale deposited for benefit of
        Venture's bankruptcy estate                       35,626
     Distribution of cash on hand to buyers              (19,618)
                                                        --------
Net cash used in investing activities                     15,916
                                                        --------
Change in cash and cash equivalents                       15,309
Cash and cash equivalents, beginning of period            20,317
                                                        --------
Cash and cash equivalents, end of period                 $35,626
                                                        ========

Century Communications Corporation filed for Chapter 11 protection
on June 10, 2002.  Century's case has been jointly administered to
proceedings of Adelphia Communications Corporation.  Century
operates cable television services in Colorado, California and
Puerto Rico.  CENTURY is an indirect wholly owned subsidiary of
ACOM and an affiliate of Adelphia Business Solutions, Inc.
Lawyers at Willkie, Farr & Gallagher represent CENTURY.

Headquartered in Coudersport, Pennsylvania, Adelphia
Communications Corporation (OTC: ADELQ) is the fifth-largest cable
television company in the country.  Adelphia serves customers in
30 states and Puerto Rico, and offers analog and digital video
services, high-speed Internet access and other advanced services
over its broadband networks.  The Company and its more than
200 affiliates filed for Chapter 11 protection in the Southern
District of New York on June 25, 2002.  Those cases are jointly
administered under case number 02-41729.  Willkie Farr & Gallagher
represents the ACOM Debtors.  (Adelphia Bankruptcy News, Issue No.
116; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ASARCO LLC: Files Schedules of Assets and Liabilities
-----------------------------------------------------

A.     Real Estate
          Arizona
             Mission Complex                         $6,219,988
             Ray Complex                             14,919,250
             Ray Complex Land Exchange                1,357,000
             Madera Canyon                            1,000,000
             Hardshell Mine                           8,000,000
             Tucson Office                            2,015,000
             Others                                     597,877
          Arkansas Coal Deposit                         600,000
          Colorado
             Globe Plant                              1,313,500
             Silverton                                  270,900
          Idaho sites                                   267,424
          Illinois -- Alton Site                        570,000
          Montana -- various sites                      858,691
          New Jersey -- Perth Amboy Site             13,400,000
          Ohio -- Columbus Site                         765,000
          Texas
             Additional land in El Paso               3,000,000
             Amarillo Copper Refinery                69,486,997
             Amarillo Zinc Refinery                      37,378
          Utah
             Technical Services Center                2,100,000
             Others                                      55,449
          Washington -- Tacoma Smelter               32,000,000

B.     Personal property
B.1    Cash on hand                                      25,096
B.2    Bank accounts
          Wells Fargo Operating                       5,414,525
          Bank One Concentration                      6,145,717
          Bank One Overnight Investments              1,781,617
          Wells Fargo Money Market                    5,049,101
          Bank One                                    1,160,534
          Others                                      1,464,021

B.3    Security deposits
          Insur PPD -- Workers Compensation             162,500
          Old Republic Work Comp. Insurance Deposit   1,296,502
          Indiana Comm Dept Enviro Mgmt Deposit         384,319
          Heritage Minerals Enviro Reclaim Deposit    1,000,000
          Chevron Texaco                              1,025,000
          El Paso Natural Gas                            73,998
          Southwest Gas Corporation                     197,069
          Phoenix Fuel                                   50,000
          Copper Basin Railway                          100,000
          Sasol Southwest                                30,000
          Electric Deposit                              320,384
          SCF of Arizona                                585,732
          Bureau of Land Management                      96,600
          Transwestern Commercial Services              156,765
          Deposit Societe Generale                       50,000
          Accounts & Note Receivable                    326,287

B.4    Household goods                                        0
B.5    Books, art work & collectibles                         0
B.6    Wearing apparel                                        0
B.7    Furs and jewelry                                       0
B.8    Firearms and sporting goods                            0
B.9    Interests in insurance policies                2,759,932
B.10   Annuities                                              0
B.11   Interests in retirement plans                 78,648,101
B.12   Stock interests                             undetermined
B.13   Interests in partnerships
          AR Silver Bell, Inc.                       25,904,563
          Silver Bell LLC                            25,540,425
          ASARCO Sta. Cruz, Inc.                      3,880,112
B.14   Bonds                                                  0
B.15   Accounts receivable
          Inter-segment receivable                   17,772,147
          Related party receivable                          139
          Trade receivables                          13,685,400
          Accounts and notes receivable              18,884,351
B.16   Alimony                                                0
B.17   Other liquidated debts owed
          Americas Mining Corporation
             ($100M promissory note, 7%,
              eight years)                           50,000,000
          Americas Mining Corporation
             ($123.25M promissory note, 7%,
              seven years)                           38,589,799
B.18   Equitable and future interests                         0
B.19   Contingent interests                                   0
B.20   Other contingent & unliquidated claims
          Claim promoted before IRS-future
             tax benefits derived from losses        48,929,395
          Federal fuel tax refund                        81,400
          Diesel fed excise tax refund                   29,793

B.21   Patents, copyrights & trademarks            undetermined
B.22   Other intangibles
          Capital improvements:
             On Mineral land                          7,836,248
             Including permits, air quality
                studies and roads                    22,886,645
          Mine stripping                            142,966,772
          Current Year CIP Add --
             Mineral Land No. 3                       1,275,084
          Long-lived asset -- Mission                 3,361,668
          Long-lived asset impairment
             E Helena                               (33,593,429)
          Depl-Mineral Land No. 1 -- SB HD              775,381
          Depl-Mineral Land No. 2 -- SB HD            5,949,988
          Depl-Mineral Land No. 2 -- Ray             (5,035,843)
          Depl-Mineral Land No. 3 -- Mission         (4,100,154)
          Depl-Mineral Land No. 3 -- Ray             (7,999,363)
          Depl-Mineral Land No. 3 -- SB HD          (18,563,845)
          Depr Assets Retirement Obligation          (1,341,720)
          Others                                       (967,418)

B.23   Automobiles                                      933,908
B.24   Boats                                                  0
B.25   Aircraft                                               0
B.26   Office equipment and supplies
          Amarillo                                        1,406
          Corporate ledger                            1,383,747
          East Helena                                    38,190
          El Paso                                       199,982
          Mission                                        32,256
          Ray                                            42,725
B.27   Machinery, furniture and fixtures
          Amarillo                                  $49,141,773
          Corporate Ledger                            1,065,019
          East Helena                                57,014,612
          El Paso                                    11,944,596
          Globe                                         887,275
          Mission                                    18,831,505
          Ray                                       205,014,942
          Salt Lake Research                            615,475
          Tennessee                                   8,101,034
B.28   Inventory
          Metals Inventory                         $136,635,238
          Warehouse Supplies                         33,572,017
B.29   Animals                                                0
B.30   Crops                                                  0
B.31   Farming equipment                                      0
B.32   Farm supplies                                          0
B.33   Other personal property
          Prepaid expenses                            2,237,028
          Total accounts receivable long-term         7,972,799
          Total engineering plan & projects           4,508,737
          Misc -- Northbrook Discount                   475,000
          Total several various other                   428,938

       TOTAL SCHEDULED ASSETS                    $1,164,904,494
                                                ===============

C.     Property claimed as exempt                Not applicable

D.     Secured claims
          Mitsui & Co. (U.S.A.), Inc.               $21,745,237
          Branin, Donald & Linda Branin, et al.       1,112,500
          Potter County Tax Office                    1,246,242
          Gila County Treasurer                       1,341,891
          Pinal County Treasurer                      2,023,615
          Salt River Project -- Electric Power        2,375,941
          Others                                      4,505,502

E.     Unsecured priority claims
          Taxes and other debts owed to government:
             New York State                          $1,863,705
             Internal revenue Service                 6,941,321
             State of California                      1,694,184
             Others                                      73,115
          Wages, salaries and commissions               310,932

F.     Unsecured non-priority claims               $491,721,329
          Long-term debt                           $448,713,768
          Accounts payable                           27,906,566
          Intercompany liabilities:
             Miner Mexico Internacional, Inc.         4,374,685
             Grupo Mexico S.A. de C.V.                3,300,000
             Others                                     686,890
          Employee-related liabilities                3,159,956
          Contractual obligations                     3,405,351
          Environmental liabilities                undetermined
          Litigation                               undetermined
          Taxes and other gov't. obligations            946,712
          Other obligations                        undetermined

       TOTAL SCHEDULED LIABILITIES                 undetermined
                                                  =============

ASARCO reports that the book value of its real property totals
$48,218,953.  The $158,834,454 total of the individual line items
shown in Schedule A reflects "the most current appraisal value,"
ASARCO says, "to the extent available, or in the  alternative the
tax appraisal value of each particular property."  In all events,
ASARCO says, book values shown in the Company's accounting
records, reflect outdated values.  

Headquartered in Tucson, Arizona, ASARCO LLC --
http://www.asarco.com/-- is an integrated copper mining,  
smelting and refining company.  Grupo Mexico S.A. de C.V. is
ASARCO's ultimate parent.  The Company filed for chapter 11
protection on Aug. 9, 2005 (Bankr. S.D. Tex. Case No. 05-21207).
James R. Prince, Esq., Jack L. Kinzie, Esq., and Eric A.
Soderlund, Esq., at Baker Botts L.L.P., and Nathaniel Peter
Holzer, Esq., Shelby A. Jordan, Esq., and Harlin C. Womble, Esq.,
at Jordan, Hyden, Womble & Culbreth, P.C., represent the Debtor in
its restructuring efforts.  When the Debtor filed for protection
from its creditors,it listed $600 million in total assets and $1
billion in total debts.

The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525).  They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd.  Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since Apr. 18, 2005.

Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No. 05-
21346) also filed for chapter 11 protection, and ASARCO has asked
that the three subsidiary cases be jointly administered with its
chapter 11 case.  On Oct. 24, 2005, Encycle/Texas' case was
converted to a Chapter 7 liquidation. (ASARCO Bankruptcy News,
Issue No. 10; Bankruptcy Creditors' Service, Inc., 215/945-7000).


FEDERAL-MOGUL: Posts $9.7 Million Net Loss in October 2005
----------------------------------------------------------

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

                             Assets

Cash and equivalents                                     $420.6
Accounts receivable                                       608.7
Inventories                                               457.2
Deferred taxes                                            181.2
Prepaid expenses and other current assets                 101.7
                                                     ----------
Total current assets                                    1,769.4

Summary of Unpaid Postpetition Debits                     (65.1)
Intercompany Loans Receivable (Payable)                 2,534.8
                                                     ----------
Intercompany Balances                                   2,469.8

Property, plant and equipment                             945.3
Goodwill                                                1,011.4
Other intangible assets                                   423.5
Insurance recoverable                                     802.2
Other non-current assets                                  948.6
                                                     ----------
Total Assets                                           $8,370.1
                                                     ==========

               Liabilities and Shareholders' Equity

Short-term debt                                          $304.0
Accounts payable                                          207.3
Accrued compensation                                       81.7
Restructuring and rationalization reserves                  9.1
Current portion of asbestos liability                         -
Interest payable                                            3.6
Other accrued liabilities                                 283.2
                                                     ----------
Total current liabilities                                 888.8

Long-term debt                                                -
Post-employment benefits                                1,936.0
Other accrued liabilities                                 937.5
Liabilities subject to compromise                       5,996.8

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           565.8
   Additional paid-in capital                           8,023.0
   Accumulated deficit                                 (9,825.7)
   Accumulated other comprehensive income              (1,202.6)
   Other                                                      -
                                                     ----------
Total Shareholders' Equity                             (1,389.0)
                                                     ----------
Total Liabilities and Shareholders' Equity             $8,370.1
                                                     ==========

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

Net sales                                                $277.1
Cost of products sold                                     230.0
                                                     ----------
Gross margin                                               47.1

Selling, general & administrative expenses                (47.2)
Amortization                                               (1.2)
Reorganization items                                       (8.6)
Interest income (expense), net                            (11.9)
Other income (expense), net                                14.2
                                                     ----------
Earnings before Income Taxes                               (7.7)

Income Tax (Expense) Benefit                               (2.0)
                                                     ----------
Earnings before effect of change in acctg principle        (9.7)
Cumulative effect of change in acctg principle                -
                                                     ----------  
Net Earnings (loss)                                       ($9.7)
                                                     ==========

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

Cash Provided From (Used By) Operating Activities:
   Net earnings (loss)                                    ($9.7)

Adjustments to reconcile net earnings (loss):
   Depreciation and amortization                           14.9
   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                      (0.6)
   Decrease/(increase) in accounts receivable               8.3
   Decrease/(increase) in inventories                       7.9
   Increase/(decrease) in accounts payable                  8.3
   Change in other assets and other liabilities            (2.9)
   Change in restructuring charge                          (1.0)
   Refunds (payments) against asbestos liability              -
                                                     ----------
Net Cash Provided From Operating Activities                25.1

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment            (4.7)
   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      (4.7)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                            (23.5)
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                    3.6   
                                                     ----------
Net Cash Provided From Financing Activities               (19.9)

Increase (Decrease) in Cash and Equivalents                 0.5

Cash and equivalents at beginning of period               420.0
                                                     ----------
Cash and equivalents at end of period                    $420.5
                                                     ==========

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. 98;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


FRESH CHOICE: Posts $463,079 Net Loss for Period Ended Oct. 30
--------------------------------------------------------------
On Nov. 21, 2005, Fresh Choice, Inc., filed its monthly operating
report for the period ended Oct. 30, 2005, with the United States
Bankruptcy Court for the Northern District of California.

The Company reported a $463,079 net loss in $3,746,392 of gross
sales for the four-week period ended Oct. 30, 2005.

At Oct. 30, 2005, Fresh Choice, Inc.'s balance sheet shows:

      Current Assets                         $2,671,179
      Total Assets                           16,612,967
      Current Liabilities                     6,661,453
      Total Prepetition Liabilities          10,733,869
      Total Liabilities                      18,807,084
      Total Stockholders' Equity Deficit    ($2,194,117)

A full-text copy of Fresh Choice, Inc.'s Monthly Operating Report
for the period ended Oct. 30, 2005, is available at no
charge at http://ResearchArchives.com/t/s?337

Headquartered in Morgan Hill, California, Fresh Choice, Inc. --
http://www.freshchoice.com/-- owns and operates a chain of more   
than 40 salad bar eateries, mostly located in California.  The
company filed for chapter 11 protection on July 12, 2004 (Bankr.
N.D. Calif. Case No. 04-54318).  Debra I. Grassgreen, Esq., at
Pachulski, Stang, Ziehl, Young, Jones & Weintraub P.C. represents
the Debtor in its restructuring efforts.  When the Debtor filed
for protection from its creditors, it listed $29,651,000 in total
assets and $14,348,000 in total debts.


MIRANT CORP: Posts $1.4 Billion Net Loss in September 2005
----------------------------------------------------------

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

ASSETS

Cash and cash equivalents                         $1,229,489,843
Accounts receivable - net                            817,841,883
Assets from risk management activities             1,488,845,611
Derivative hedging instruments                                 -
Inventories                                          340,823,964
Other                                              1,551,209,969
                                                  --------------
         Total Current Assets                      5,428,211,270

Property, plant and equipment                      5,200,057,770
Less: accumulated depreciation/depletion             922,820,781
Leasehold interests - net                          1,437,676,623
Construction work in progress                        165,504,289
Investment in suspended construction                 174,424,404
                                                  --------------
         Total net property, plant and equipment   6,054,842,305

Investments                                          259,796,053
Long-term accounts receivable - net                   49,551,143
Notes receivable - net                                         -
Assets from risk management activities               179,539,735
Goodwill - net                                         5,767,352
Other intangibles - net                              263,162,266
Derivative hedging instruments                                 -
Restricted cash, non-current                         187,628,200
Other long-term assets                                         -
Miscellaneous deferred charges                       453,401,885
                                                  --------------
         Total Non-current Assets                  1,398,846,634
                                                  --------------
         TOTAL ASSETS                            $12,881,900,209
                                                  ==============

LIABILITIES AND EQUITY

Postpetition Liabilities:
      Debt                                        $1,220,253,392
      Accounts Payable                               679,951,220
      Liabilities from risk management activities  2,196,317,480
      Obligations under energy deliveries              6,455,235
      Derivative hedging instruments                           -
      Other                                          274,491,181
      Miscellaneous deferred credits                 680,799,840
                                                  --------------
         Total postpetition liabilities            5,058,268,348

Prepetition Liabilities                           10,467,518,407
                                                   -------------
         TOTAL LIABILITIES                        15,525,786,755

EQUITY:
Minority interest in subsidiaries                    173,781,908
Mandatory redeemable securities                                -
Common stock                                           4,056,621
Additional paid-in capital                         4,918,012,950
Retained earnings                                 (7,669,017,331)
Treasury stock, at cost                               (2,260,000)
Accumulated other comprehensive income               (68,460,694)
                                                  --------------
         Total Equity                            ($2,643,886,546)
                                                 ---------------
         TOTAL LIABILITIES AND OWNERS' EQUITY    $12,881,900,209
                                                 ===============

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

REVENUES:
      Generation                                    $221,482,176
      Net trading revenue                               (787,335)
      Distribution                                    68,623,761
      Other                                              554,844
                                                 ---------------
         Net Revenue                                 289,873,446

OPERATING EXPENSES:
      Energy cost                                    283,178,034
      Operations and maintenance                      87,738,293
      Depreciation and amortization                   25,161,728
      Gain on sale of property and investment          1,705,999
      Impairment loss                                  1,911,879
      Restructuring costs                                181,431
                                                 ---------------
         Total Operating Expenses                    399,877,364
                                                 ---------------
         Income before non-operating income
         and expense                                (110,003,918)

OTHER INCOME AND EXPENSES:
      Interest income                                  3,368,217
      Interest expense                            (1,177,625,062)
      Equity in income of affiliates                   2,574,889
      Other                                           (2,767,977)
      Reorganization items                           987,132,058)
      Minority interest                               (2,030,250)
      Net income from discontinued operations          3,473,189
      Gain on sale assets, minority owned                      -
                                                 ---------------
          Total Other Income                      (1,260,139,052)

Provision for income tax                             (48,901,861)
                                                 ---------------
         NET PROFIT (LOSS)                       ($1,419,044,831)
                                                 ===============

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

Cash, beginning of month                            $207,173,680

Non-Operating Receipts:
      Loans & Advances                               $41,551,659
      Sale of Assets                                           -
                                                 ---------------
      Total non-operating receipts                   $41,551,659
                                                 ---------------
         Total receipts                              $41,551,659
                                                 ---------------
         Total Cash Available                       $248,725,339

Operating Disbursements                                        0

Reorganization Expenses
                                                 ---------------
         Total disbursements                                   0
                                                 ---------------
Net Cash Flow                                        $41,551,659
                                                 ---------------
Cash, end of month                                  $248,725,339
                                                 ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that      
produces and sells electricity in North America, the Caribbean,
and the Philippines.  Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally.  Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590).  Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 83 Bankruptcy Creditors'
Service, Inc., 215/945-7000)


MIRANT CORP: MAGi Posts $763 Million Net Loss in September 2005
---------------------------------------------------------------

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

ASSETS

Cash and cash equivalents                           $159,563,901
Accounts receivable - net                            942,529,212
Assets from risk management activities                         -
Derivative hedging instruments                                 -
Inventories                                          155,953,985
Other                                                183,921,872
                                                 ---------------
         Total Current Assets                      1,441,968,970

Property, plant and equipment                      2,206,325,606
Less: accumulated depreciation/depletion             393,759,925
Leasehold interests - net                                      -
Construction work in progress                        114,846,389
Investment in suspended construction                 174,014,404
                                                 ---------------
         Total net property, plant and equipment   2,101,426,474

Investments                                               25,000
Long-term accounts receivable - net                   50,514,857
Notes receivable - net                               223,275,000
Assets from risk management activities                17,528,484
Other intangibles - net                              201,302,451
Derivative hedging instruments                                 -
Restricted cash, non-current                           5,131,448
Other long-term assets                                         -
Miscellaneous deferred charges                       205,527,185
                                                 ---------------
        Total Non-current Assets                     703,304,425
                                                 ---------------
        TOTAL ASSETS                              $4,246,699,869
                                                 ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
     Debt                                                      -
     Accounts Payable                                172,769,125
     Liabilities from risk management activities     514,198,764
     Obligations under energy deliveries                       -
     Derivative hedging instruments                            -
     Other                                           184,255,057
     Miscellaneous deferred credits                   68,676,173
                                                 ---------------
        Total postpetition liabilities               939,899,119

Prepetition Liabilities                            3,871,524,445
                                                 ---------------
        TOTAL LIABILITIES                          4,811,423,564

EQUITY:
Minority interest in subsidiaries                         35,002
Mandatory redeemable securities                                -
Common stock                                               1,000
Additional paid-in capital                         3,853,859,365
Retained earnings                                 (4,418,619,062)
Treasury stock, at cost                                        -
Accumulated other comprehensive income                         -
                                                 ---------------
        Total Equity                                (564,723,695)
                                                 ---------------
        TOTAL LIABILITIES AND OWNERS' EQUITY      $4,246,699,869
                                                 ===============

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

REVENUES:
     Generation                                      $92,337,752
     Net trading revenue                                       -
     Distribution                                              -
     Other                                                11,567
                                                 ---------------
        Net Revenue                                   92,349,319

OPERATING EXPENSES:
     Energy cost                                     196,600,914
     Operations and maintenance                       52,236,960
     Depreciation and amortization                     7,587,710
     Gain on sale of property and investment                   -
     Impairment loss                                       9,825
     Restructuring costs                                  99,522
                                                 ---------------
        Total Operating Expenses                     256,534,931
                                                 ---------------
        Income before non-operating income
        and expense                                 (164,185,612)

OTHER INCOME AND EXPENSES:
     Interest income                                      10,315
     Interest expense                               (562,587,889)
     Equity in income of affiliates                            -
     Other                                                65,456
     Reorganization items                            (33,622,143)
     Minority interest                                         -
     Net income from discontinued operations                   -
                                                 ---------------
        Total Other Income                          (596,134,261)

Provision for income tax                              (2,666,241)
                                                 ---------------
        NET PROFIT (LOSS)                          ($762,986,114)
                                                 ===============

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

Cash, beginning of month                            $153,517,967

Non-Operating Receipts:
     Loans & Advances                                (86,780,236)
     Sale of Assets                                            -
                                                 ---------------
     Total non-operating receipts                    (86,780,236)
                                                 ---------------
        Total receipts                               (86,780,236)
                                                 ---------------
        Total Cash Available                         $66,737,731

Operating Disbursements                                        0

Reorganization Expenses                                        0
                                                 ---------------
        Total disbursements                                    0
                                                 ---------------
Net Cash Flow                                       ($86,780,236)
                                                 ---------------
Cash, end of month                                   $66,737,731
                                                 ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that      
produces and sells electricity in North America, the Caribbean,
and the Philippines.  Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally.  Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590).  Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 83 Bankruptcy Creditors'
Service, Inc., 215/945-7000)


O'SULLIVAN INDUSTRIES: Files Schedules of Assets and Liabilities
----------------------------------------------------------------

A.     Real Property
          45 Acres of Commercial Property - Missouri   $273,000
          72 Acres of Commercial Property - Missouri    308,654

B.     Personal Property
B.1    Cash on hand                                       1,377
B.2    Bank accounts
          Banc of America                               284,419
          Banc of America                                 1,278
          Banc of America                               615,938
          Lamar Bank & Trust                              3,610
          Lamar Bank & Trust                             19,068
          Royal Bank of Canada                          205,252
          Barclays Bank PLC                               3,870
B.3    Security Deposits
          Johnson & Higgins                              11,000
          City of Bentonville                               400
          Letron GMBH                                   100,000
          Columbia Electric                               4,756
          Kralovic Properties                             4,075
          Vonderharr Holdings                             1,800
          GE Capital Corporation                        350,571
          H.M. Customs & Excise                         176,990
B.4    Household goods                                        0
B.5    Books, art work & collectibles                         0
B.6    Wearing apparel                                        0
B.7    Furs and jewelry                                       0
B.8    Firearms and sporting goods                            0
B.9    Interests in insurance policies                        0
B.10   Annuities                                              0
B.11   Interests in retirement plans                          0
B.12   Stock interests                                        0
B.13   Interests in partnerships                              0
B.14   Bonds                                                  0
B.15   Accounts receivable                           24,203,499
B.16   Alimony                                                0
B.17   Other liquidated debts owed                            0
B.18   Equitable and future interests                         0
B.19   Contingent interests                                   0
B.20   Other contingent & unliquidated claims                 0
B.21   Patents, copyrights & trademarks                       0
B.22   Other intangibles                                      0
B.23   Automobiles
          2000 Dodge Van                                    216
          2003 Kenworth                                  18,652
B.24   Boats                                                  0
B.25   Aircraft                                               0
B.26   Office equipment and supplies                    634,769
B.27   Machinery, furniture and fixtures
          Construction in Progress                      478,859
          Plant Equipment                            18,188,396
          Other                                       6,378,059
B.28   Inventory
          Raw Materials                              12,058,178
          Finished Goods                             17,006,310
          In Process                                  3,117,566
          In Transit                                    307,369
          Finished Goods Reserves                    (1,649,799)
          Raw Material Reserves/Obsolete             (3,919,277)
B.29   Animals                                                0
B.30   Crops                                                  0
B.31   Farming equipment                                      0
B.32   Farm supplies                                          0
B.33   Other personal property
          Prepaid insurance                           2,903,219
          Prepaid miscellaneous                       1,348,981
          Prepaid - Voucher Logging                      (9,139)
          Prepaid loan fees                              16,130
          Prepaid shows & catalogue                      33,531
          Investment in stock                            79,409
          Container deposits                             24,390
          VEBA trust                                     (2,987)
          VEBA trust - investment                           384
          Deferred income tax - current                 576,110
          Goodwill                                   38,087,674
          Capitalized retirement                        231,009
          L/T prepaid loan fees                       5,602,569
          Other noncurrent assets                          (100)
          Fluctuation in exchange rate                   29,056

       TOTAL SCHEDULED ASSETS                      $128,109,093
                                                  =============

C.     Property claimed as exempt                Not applicable

D.     Secured claims
          AFCO Premium Credit, LLC                    2,063,515
          The Bank of New York                      100,000,000
          The Bank of New York                       (3,347,612)
          The Bank of New York                        7,929,632
          General Electric Capital Corp.              6,635,543
          General Electric Capital Corp.                 22,953
          Wachovia Bank, N.A.                            39,885

E.     Unsecured priority claims
          Wages                                         452,738
          Flex spending benefits                          8,991
          Taxes                                     (16,351,597)
          Standard Insurance                             24,918
          Richard Davidson                              131,171
          Michael Franks                                 12,929
          Rowland Geddie, III                            22,295
          Thomas O'Sullivan, Jr.                         22,743
          Edward Riegel                                  67,854
          Other accounting based accruals
             Salaries and wages                          87,224
             Payroll clearing                           376,541
             State withholding                          (26,016)
             FICA Tax                                    11,315
             State unemployment tax                      57,915
             Health Insurance                          (609,259)
             Life Insurance                             (19,392)
             Workmen's compensation                     777,343
             Holidays                                   113,284
             Vacations                                1,586,781
             Deferred investment plan                    81,059
             Stock purchase plan                         24,277
             Commissions payable                        239,058
             ACC Real estate/property tax               264,326
             Sales tax payable                          (16,896)
             PST tax                                    (30,794)
             HST                                        (89,789)
             HM customs                                 (35,045)
             Accrued franchise tax                       84,308
             State tax payable                        1,107,554
             Deferred federal tax                       782,937
          Others                                        302,819

F.     Unsecured non-priority claims
          Wells Fargo Bank, N.A.                     96,000,000
          Wells Fargo Bank, N.A.                      6,368,226
          Wells Fargo Bank, N.A.                     (1,079,168)
          Wells Fargo Bank, N.A.                     (2,013,546)
          Garron Bass                                   unknown
          Richard Dandurand                             unknown
          Ames Department Stores, Inc.                  unknown
          Arkansas Department of Pollution & Ecology    unknown
          Sun Container                                 785,546
          Hafele America Company                         97,323
          Yellow Freight System Inc.                    385,458
          Temple Inland Corp.                           493,497
          Fibre Converters Inc.                         347,165
          DNP America LLC                               390,384
          Hendren Plastics                              233,549
          Sealed Air Corporation                        194,286
          Nickander Associates                          165,991
          Nickander Associates Consignment Board        158,218
          Impact Resource Group                         153,967
          Federal Express Corp.                         148,539
          Guardian Industries Corp.                     138,961
          Woodcraft Industries Inc.                     138,734
          Toppan Printing Company                       150,975
          National Marketing Service                    133,442
          Collins Products                              104,213
          G L Resources (Comtrad)                        87,323
          Supreme Screw Products, Inc.                   84,569
          FedEx Freight Inc.                             84,254
          Flakeboard Company Ltd.                        83,769
          Peerless Graphics                              68,158
          Letron GMBH                                    83,851
          Overnite Transportation                        78,441
          Akzo Nobel Coatings Inc.                       66,859
          XPEDX                                          78,116
          Sierrapine Ltd-Adel Div.                       74,207
          Stone Container Corp.                          71,294
          Titus Tool Co. Inc.                            71,186
          Hardware Concepts Inc.                         70,851
          DFDS Transport                                 70,780
          Others                                     15,315,773

       TOTAL SCHEDULED LIABILITIES                 $222,990,701
                                                  =============

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on October 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  On September 30, 2005, the Debtor listed $161,335,000 in
assets and $254,178,000 in debts.  (O'Sullivan Bankruptcy News,
Issue No. 6; Bankruptcy Creditors' Service, Inc., 215/945-7000)


O'SULLIVAN INDUSTRIES: Holdings' Schedules of Assets and Debts
--------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.33   Other personal property
          Prepaid loan fees                             156,903
          Investment in subsidiary                          100

       TOTAL SCHEDULED ASSETS                          $157,003
                                                      =========

C.     Property claimed as exempt                Not applicable

D.     Secured claims
          The Bank of New York                      100,000,000
          The Bank of New York                       (3,347,612)
          The Bank of New York                        7,929,632
          General Electric Capital Corp.              6,635,543
          General Electric Capital Corp.                 22,953
          Wachovia Bank N.A.                             39,885

E.     Unsecured priority claims
          Internal Revenue Service, Utah                365,162
          Division of Corporations, Delaware              9,957

F.     Unsecured non-priority claims
          BancBoston Investments, Inc.               28,071,540
          BancBoston Investments, Inc.               (2,091,149)
          BancBoston Investments, Inc.                1,670,708
          Radio Shack                                   unknown

       TOTAL SCHEDULED LIABILITIES                 $139,306,619
                                                  =============

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on October 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  On September 30, 2005, the Debtor listed $161,335,000 in
assets and $254,178,000 in debts.  (O'Sullivan Bankruptcy News,
Issue No. 6; Bankruptcy Creditors' Service, Inc., 215/945-7000)


O'SULLIVAN INDUSTRIES: Virginia's Schedules of Assets & Debts
-------------------------------------------------------------

A.     Real Property                                 $6,700,000

B.     Personal Property
B.1    Cash on hand                                         500
B.2    Bank accounts                                      3,500
B.3    Security Deposits
          Lamar Bank & Trust Co.                         11,610
          Dominion-Virginia Power                       150,492
B.15   Accounts receivable                                  568
B.23   Automobiles
          2000 Chevrolet Astro Van LS                     7,961
          1995 Ford Yard Tractor                         12,406
B.26   Office equipment and supplies                     60,052
B.27   Machinery, furniture and fixtures             21,933,371
B.28   Inventory                                     10,548,528
B.33   Other personal property
          Prepaid loan fees                              33,682
          Prepaid miscellaneous                          (1,392)
          Prepaid-voucher logging                         4,935
          Container deposits                             10,093

       TOTAL SCHEDULED ASSETS                       $39,476,306
                                                   ============

C.     Property claimed as exempt                Not applicable

D.     Secured claims
          The Bank of New York                      100,000,000
          The Bank of New York                       (3,347,612)
          The Bank of New York                        7,929,632
          General Electric Capital Corp.              6,635,543
          General Electric Capital Corp.                 22,953
          Wachovia Bank, N.A.                            39,885
          Wells Fargo Bank, N.A.                     10,000,000
          Wells Fargo Bank, N.A.                         10,949
          General Electric Capital Corp.                 10,109
          Wachovia Bank, N.A.                             3,945

E.     Unsecured priority claims
          Wages                                         107,604
          Utah Internal Revenue Service              17,304,858
          Utah Internal Revenue Service                  13,499
          Virginia Department of Taxation                 5,288
          Virginia Employment Commission                 24,940
          Virginia Department of Taxation                   133
          ACC Real Estate/Property Tax                  108,167
          Sales Tax Payable                                  48
          Federal Withholding                            (5,288)
          State Unemployment Tax                        (24,940)
          FICA Tax                                      (10,851)
          Federal Unemployment Tax                       (2,648)
          Workmens Compensation                          25,396
          Holidays                                       13,614
          Vacations                                     297,929

F.     Unsecured non-priority claims
          Wells Fargo Bank, N.A.                     96,000,000
          Wells Fargo Bank, N.A.                      6,368,226
          Wells Fargo Bank, N.A.                     (1,079,168)
          Wells Fargo Bank, N.A.                     (2,013,546)
          Fibre Converters Inc.                         232,579
          Aconcagua Timber Corp.                        209,233
          Hafele America Company                        206,660
          Nickander Associates                          189,542
          Toppan Printing Company                       137,073
          Stone Container Corp.                         135,468
          Others                                      1,738,807

       TOTAL SCHEDULED LIABILITIES                 $241,288,027
                                                  =============

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on October 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  On September 30, 2005, the Debtor listed $161,335,000 in
assets and $254,178,000 in debts.  (O'Sullivan Bankruptcy News,
Issue No. 6; Bankruptcy Creditors' Service, Inc., 215/945-7000)


O'SULLIVAN IND: Furniture Outlets' Schedules of Assets & Debts
--------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                         500
B.2    Bank accounts
          Banc of America                                 1,241
          Banc of America                                10,791
          Cash clearing account                         121,959
B.3    Security Deposits
          GBR Properties, Inc.                            5,000
          Cedar Tree Management                           6,421
          Empire District Electric Co.                      900
B.26   Office equipment and supplies                     17,513
B.27   Machinery, furniture and fixtures                    397
B.28   Inventory                                        118,464
B.33   Other personal property                            4,621

       TOTAL SCHEDULED ASSETS                          $287,806
                                                      =========

C.     Property claimed as exempt                Not applicable

D.     Secured claims
          The Bank of New York                      100,000,000
          The Bank of New York                       (3,347,612)
          The Bank of New York                        7,929,632
          General Electric Capital Corp.              6,635,543
          General Electric Capital Corp.                 22,953
          Wachovia Bank, N.A.                            39,885

E.     Unsecured priority claims
          Hynes, Avery A.                                 1,100
          Adams, Michael T.                                 440
          King, Anthony R.                                  366
          Green, Herbert                                    287
          Snow, Richard L.                                  280
          Jennings, Ben W.                                  248
          Spencer, Aaron E.                                 235
          Fadely, Bryan J.                                  227
          Davis, Garland A.                                 191
          Christopher, James G.                             157
          Scott, Devin W.                                    99
          Utah Internal Revenue Service                   2,016
          State of Arkansas                                 215
          Missouri Department of Revenue                  5,486
          Arkansas Employment Security Department           105
          Missouri Division of Employment Security        1,195
          Missouri Department of Revenue                  7,678
          ACC Real Estate / Property Tax                    390
          Sales Tax Payable                              (4,165)
          Vacations                                       3,261
          Federal Withholding                            (2,016)
          State Withholding                              (5,700)
          State Unemployment Tax                         (1,300)

F.     Unsecured non-priority claims
          Wells Fargo Bank, N.A.                     96,000,000
          Wells Fargo Bank, N.A.                      6,368,226
          Wells Fargo Bank, N.A.                     (1,079,168)
          Wells Fargo Bank, N.A.                     (2,013,546)
          Accounts payable - clearing                    (8,466)

       TOTAL SCHEDULED LIABILITIES                 $210,558,240
                                                  =============

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on October 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  On September 30, 2005, the Debtor listed $161,335,000 in
assets and $254,178,000 in debts.  (O'Sullivan Bankruptcy News,
Issue No. 6; Bankruptcy Creditors' Service, Inc., 215/945-7000)


OWENS CORNING: Posts $7 Million Net Loss in August 2005
-------------------------------------------------------

                           Owens Corning
                           Balance Sheet
                        As of August 31, 2005
                          (In Thousands)

Current Assets:
   Cash and cash equivalents                           $809,985
   Receivables                                          385,403
   Receivables-Inter-company                            994,358
   Inventories                                          241,035
   Insurance for Asbestos Litigation Claims                   0
   Deferred Income Taxes                                    484
   Income Tax Receivable                                  3,325
   Other Current Assets                                  17,913
                                                    -----------
Total Current Assets                                 $2,452,503

Other Assets:
   Insurance for Asbestos Litigation Claims               4,220
   Restricted Cash                                      188,777
   Restricted cash and securities - Fibreboard                0
   Deferred Income Taxes                                894,502
   Goodwill                                              48,568
   Investment in Affiliates                              31,457
   Investment in Subsidiaries                         2,022,050
   Notes Receivable - Intercompany                        5,270
   Other Non-current Assets                             467,475
                                                    -----------
Total Other Assets                                    3,662,319

Plant & Equipment:
   Land                                                  34,968
   Buildings & Leasehold Improvements                   550,660
   Machinery & Equipment                              2,179,210
   Construction in Progress                             138,442
   Less: Accumulated Depreciation                     1,624,201
                                                    -----------
Net Plant and Equipment                               1,279,079
                                                    -----------
TOTAL ASSETS                                         $7,393,901
                                                    ===========

Liabilities not Subject to Compromise:
   Accounts Payable & Accrued Liabilities               529,308
   Inter-company Liabilities                          1,023,084
   Short-term debt                                            0
   Long-term debt - current portion                       1,367
                                                    -----------
Total Current Liabilities                             1,553,759

Long-Term Debt                                            9,610

Other:
Other Employee Benefits Liability                       225,700
Pension Plan Liability                                  617,735
Other Liability                                         164,567
                                                    -----------
Total Non-Current Liabilities                         1,008,002
                                                    -----------
Total Postpetition Liabilities                        2,571,371


Prepetition Liabilities:
   Accounts Payable and Accrued Liabilities             259,812
   Other Employee Benefits Liability                    193,039
   Pension Plan Liability                                     0
   Debt-US Bank Credit Facility                       1,450,986
   Debt-Bonds & Other                                 1,501,222
   Asbestos-Related Liability                         6,166,734
   Inter-company                                      2,452,666
   Other                                                      0
                                                    -----------
Total Prepetition Liabilities                        12,024,459

Total Liabilities                                    14,595,830
Minority Interest                                             0

Stockholder's Equity:
   Common Stock                                         697,298
   Retained Earnings (Deficit)                       (7,545,158)
   Accumulated Comprehensive Income (Loss)               (6,061)
   Other                                               (348,008)
                                                    -----------
Net Stockholder's Equity                             (7,201,929)
                                                    -----------
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY             $7,393,901
                                                    ===========

                          Owens Corning
                     Statement of Operations
               For the Month Ended August 31, 2005
                          (In Thousands)

Net sales                                              $367,800
Cost of Sales                                           297,949
                                                    -----------
Gross Margin                                             69,851

Operating Expenses:
   Marketing and Administrative Expenses                 35,186
   Science and Technology Expenses                        2,651
   Provision for Asbestos Litigation Claims                   0
   Insider Compensation                                     810
   Restructure Costs                                          0
   Other Expenses                                        12,265
                                                    -----------
Income (Loss) from Operations                            18,939

Other Expenses:
   Cost of Borrowed Funds                                   303
   Other                                                      0
                                                    -----------
Income (Loss) Before Reorganization Items                18,636

Reorganization Items:
   Professional Fees                                      2,477
   U.S. Trustee Quarterly Fees                                0
   Interest Earned on Accumulated Cash from Chapter 11   (1,636)
   (Gain) Loss from sale of equipment                         0
   (Gain) Loss from Settlement of Liabilities                 0
   Other Reorganization Expenses                          2,643
                                                    -----------
Total Reorganization Expenses                             3,483
                                                    -----------
Income (Loss) Before Income Taxes                        15,153

Provision (credit) for Income Tax                        22,250
                                                    -----------
Income (Loss) Before Minority Interest and
   Equity in Net Income (Loss) of Affiliates             (7,097)
Minority interest                                             0
Equity in net income (loss) of affiliates                   (18)
                                                    -----------
Net Income (Loss)                                       ($7,115)
                                                    ===========

                          Owens Corning
            Statement of Cash Receipts & Disbursements
               For the Month Ended August 31, 2005
                          (In Thousands)

Cash, Beginning of Month                                 $9,923

Receipts:
   Customer Receipts                                    368,383
   Inter-company Sales                                    2,762
   Loans and Advances                                         0
   Sale of Assets                                             0
   Other Receipts                                         4,458
   Inter-company Transfers                              113,169
   Transfers from DIP                                   562,000
                                                    -----------
Total Receipts                                         $550,771

Disbursements:
   Net Payroll                                              117
   Payroll Taxes                                              0
   Sales Use & Other Taxes                                5,550
   Inventory Purchases                                  130,818
   Insurance                                              2,937
   Administrative & Selling                              60,408
   Other                                                 97,732
   Inter-company Transfers                               81,884
   Transfers to DIP                                     169,272
   Professional Fees                                      4,285
   U.S. Trustee Quarterly Fees                                0
   Court costs                                                0
   Adjustment                                                 0
                                                    -----------
Total Disbursements                                    $553,003

Net Cash Flow                                            (2,231)
                                                    -----------
Cash -- End of Month                                     $7,691
                                                    ===========

Headquartered in Toledo, Ohio, Owens Corning --
http://www.owenscorning.com/-- manufactures fiberglass  
insulation, roofing materials, vinyl windows and siding, patio
doors, rain gutters and downspouts.  The Company filed for chapter
11 protection on October 5, 2000 (Bankr. Del. Case. No. 00-03837).
Mark S. Chehi, Esq., at Skadden, Arps, Slate, Meagher & Flom,
represents the Debtors in their restructuring efforts.  At Sept.
30, 2004, the Company's balance sheet shows $7.5 billion in assets
and a $4.2 billion stockholders' deficit.  The company reported
$132 million of net income in the nine-month period ending
Sept. 30, 2004.  (Owens Corning Bankruptcy News, Issue No.
120; Bankruptcy Creditors' Service, Inc., 215/945-7000)


UNITED AIRLINES: Posts $698 Million Net Loss in October 2005
------------------------------------------------------------
On Nov. 24, 2005, UAL Corporation (OTCBB: UALAQ.OB), the holding
company whose primary subsidiary is United Airlines, filed its
October Monthly Operating Report with the U.S. Bankruptcy Court
for the Northern District of Illinois.

The company reported an operating loss of $71 million for October
2005 (filing entities only).  Despite a 53% increase in fuel
prices for mainline and United Express operations, which resulted
in a $169 million increase in fuel expenses year-over-year, the
operating loss is $6 million worse than the same period last year.
In October 2004, the company reported an operating loss of $65
million.  For October 2005, the company reported a net loss of
$698 million, including $584 million of largely non-cash
reorganization expenses driven by charges related to the
termination of the pilot defined benefit pension plan.

Excluding reorganization expenses, the company reported a net loss
of $114 million.

As previously disclosed, the company will continue to record large
non-cash reorganization items as it moves towards exit.

It is common for the results of operations of companies
progressing through Chapter 11 to be impacted by non-cash charges
related to their reorganization, especially as restructuring work
nears completion.  Charges based on the claims of our creditors
are recorded at the amount expected to be allowed by the court.
However, as shown in the company's Plan of Reorganization, these
claims are expected to be settled at exit for a minor fraction of
the amount of the charges recorded.

UAL consolidated mainline unit costs in October increased 8% over
the same month last year driven by 5% lower capacity and higher
fuel expense.  Excluding fuel, mainline unit costs in October
decreased 4% year-over-year despite the capacity decrease.
Mainline passenger unit revenue in October increased 9% over the
same period a year ago.

UAL ended October with a cash balance of $2.7 billion, which
included $964 million in restricted cash (filing entities only).
Cash balance during the month increased by $31 million.

UAL met the requirements of its DIP financing for the month of
October.

Jake Brace, United's Chief Financial Officer said, "United's
revenue performance and cost reductions were offset by record high
fuel costs.  Our restructuring work has been effective and has
equipped the company to manage through the challenges the industry
presents.  We move steadily towards a February exit from
bankruptcy."

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

                          *********

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.

                    *** End of Transmission ***