TCR_Public/060121.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, January 21, 2006, Vol. 10, No. 18

                             Headlines

ALLIED HOLDINGS: Earns $896,000 for the Month Ended November 2005
AOL LATIN: Files Monthly Operating Report for November 2005
ASARCO LLC: American Smelting Files Schedules of Assets and Debts
ASARCO LLC: Bridgeview Files Schedules of Assets and Debts
ASARCO LLC: Government Gulch Files Schedules of Assets and Debts

ASARCO LLC: Six Affiliates Report Undetermined Assets and Debts
FGI GROUP: Files Monthly Operating Report for December 2005
MIRANT CORP: Posts $84.1 Million Net Loss in November 2005
MIRANT CORP: MAGi Posts $3.7 Million Net Loss in November 2005
MUSICLAND HOLDING: Dec. 31 Balance Sheet Upside-Down by $114 Mil.

REFCO INC: Capital LLC Files Schedules of Assets and Debts
REFCO INC: Capital Markets Files Schedules of Assets and Debts
REFCO INC: Global Finance Files Schedules Of Assets & Liabilities
THAXTON GROUP: Posts $75.7 Mil. Cumulative Net Loss in Nov. 2005
WINN-DIXIE: Posts $2 Million Net Loss in Period Ended December 14

                             *********

ALLIED HOLDINGS: Earns $896,000 for the Month Ended November 2005
-----------------------------------------------------------------

        Allied Holdings, Inc., and Its Debtor Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of November 30, 2005
                          (In Thousands)

                              Assets

Current Assets:
   Cash and cash equivalents                               $926
   Receivables, net                                      54,730
   Related party receivables                             14,486
   Inventories                                            4,788
   Deferred income taxes                                  4,021
   Prepayments and other current assets                  20,183
                                                      ---------
      Total current assets                               99,134

Property and equipment, net                             121,810
Goodwill, net                                             3,939
Other noncurrent assets                                  41,522
Investment in related parties                            31,488
                                                      ---------
TOTAL ASSETS                                           $297,893
                                                      =========

              Liabilities and Stockholders' Deficit

Current Liabilities not subject to compromise:
   Revolving credit facilities                           44,499
   DIP term borrowings                                  100,000
   Accounts and notes payable                            15,087
   Accrued liabilities                                   56,098
                                                      ---------
      Total current liabilities                         215,684

Long-term liabilities not subject to compromise:
   Postretirement benefits                                4,416
   Deferred income taxes                                  3,989
   Other long-term liabilities                           22,385
                                                      ---------
      Total long-term liabilities                        30,790

Liabilities subject to compromise                       184,868

Stockholders' deficit                                  (133,449)
                                                      ---------
Total liabilities and stockholders' deficit            $297,893
                                                      =========

        Allied Holdings, Inc., and Its Debtor Subsidiaries
          Unaudited Consolidated Statement of Operations
              For the Month Ended November 30, 2005
                          (In Thousands)

Revenues                                                $79,645

Operating expenses:
   Salaries, wages and fringe benefits                   39,615
   Operating supplies and expenses                       15,738
   Purchased transportation                              10,880
   Insurance and claims                                   3,064
   Operating taxes and licenses                           2,584
   Depreciation and amortization                          2,242
   Rents                                                    588
   Communications and utilities                             481
   Other operating expenses                                 464
   Gain on disposal of operating assets, net                (27)
                                                      ---------
      Total operating expenses                           75,629
                                                      ---------
      Operating income                                    4,016

Other income (expense):
   Interest expense                                      (2,095)
   Investment income                                          3
   Foreign exchange gains, net                              191
                                                      ---------
                                                         (1,901)
                                                      ---------
Income before reorganization items and income taxes       2,115
Reorganization items                                     (1,219)
                                                      ---------
Income before income taxes                                  896
Income tax provision                                          -
                                                      ---------
NET INCOME                                                 $896
                                                      =========

The Debtors did not provide a cash flow report.   However, the
Debtors disclose $10,535,699 in cash disbursement during the
reporting period.

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --
http://www.alliedholdings.com/-- and its affiliates provide     
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case Nos. 05-12515 through 05-12537).  Jeffrey W. Kelley, Esq., at
Troutman Sanders, LLP, represents the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they estimated more than $100 million in assets
and debts.  (Allied Holdings Bankruptcy News, Issue No. 15;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


AOL LATIN: Files Monthly Operating Report for November 2005
-----------------------------------------------------------
On Jan. 6, 2005, America Online Latin America, Inc., and its
debtor-affiliates, filed their monthly operating report for the
month ended November 2005, with the United States Bankruptcy
Court for the District of Delaware.

For the month ending Nov. 30, 2005, the Company's Income
Statement shows:
                                                  Net Income/
                                      Revenue     (Net Loss)
                                      -------     -----------
America Online Latin                       $0    ($91,276,904)
America, Inc.

AOL Latin America Management,         $70,000     ($1,126,621)
LLC

AOL Puerto Rico Management            $67,713       ($102,519)
Services, Inc.

America Online Caribbean Basin,      $967,335        $489,027
Inc.

At Nov. 30, 2005, the Company's balance sheet shows:

                America Online Latin America, Inc.
                __________________________________

      Current Assets                        $17,521,544
      Total Assets                          611,359,353
      Current Liabilities                     6,247,580
      Total Liabilities                     166,247,580
      Total Stockholders' Equity          [$445,111,773]


                AOL Latin America Management, LLC
                _________________________________

      Current Assets                        $13,647,804
      Total Assets                           13,739,186
      Current Liabilities                    27,371,691
      Total Liabilities                      27,371,691
      Total Stockholders' Deficit          ($13,632,505)


             AOL Puerto Rico Management Services, Inc.
             _________________________________________

      Current Assets                           $261,487
      Total Assets                              392,782
      Current Liabilities                     6,388,753
      Total Liabilities                       6,406,459
      Total Stockholders' Deficit          [($6,013,677)]


               America Online Caribbean Basin, Inc.
               ____________________________________

      Current Assets                        $19,631,861
      Total Assets                           19,652,011
      Current Liabilities                      (843,164)
      Total Liabilities                        (843,164)
      Total Stockholders' Equity            $20,495,175

A full-text copy of America Online Latin America, Inc., and its
debtor-affiliates' Monthly Operating Report for the month ended
November 2005, is available at no charge at:

                http://ResearchArchives.com/t/s?44a

Headquartered in Fort Lauderdale, Florida, America Online Latin
America, Inc. -- http://www.aola.com/-- offers AOL-branded        
Internet service in Argentina, Brazil, Mexico, and Puerto Rico, as
well as localized content and online shopping over its proprietary
network.  Principal shareholders in AOLA are Cisneros Group, one
of Latin America's largest media firms, Brazil's Banco Itau, and
Time Warner, through America Online.  The Company and its debtor-
affiliates filed for chapter 11 protection on June 24, 2005
(Bankr. D. Del. Case No. 05-11778).  Pauline K. Morgan, Esq., and
Edmon L. Morton, Esq., at Young Conaway Stargatt & Taylor, LLP and
Douglas P. Bartner, Esq., at Shearman & Sterling LLP represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed total assets of
$28,500,000 and total debts of $181,774,000.


ASARCO LLC: American Smelting Files Schedules of Assets and Debts
-----------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.9    Interests in Insurance Policies             Undetermined

       TOTAL SCHEDULED ASSETS                      Undetermined
                                                  =============

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claim                                         $0

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims
          PBGC Employee Pension Benefits           Undetermined
          Dorothy E. Harris                        Undetermined
          Michael & Lorna O'Connell                Undetermined
          Sue Ann Cox                              Undetermined
          Lori B. Esterlund Franklin               Undetermined
          Calvin C. Beaver                         Undetermined
          Skippy Dean and Linda Beasley            Undetermined
          Hilario A. Hidalgo                       Undetermined
          Julie Beck                               Undetermined
          Steven Bart Powell                       Undetermined
          Hilario Salinas                          Undetermined
          Judy Jenkins                             Undetermined

       TOTAL SCHEDULED LIABILITIES                 Undetermined
                                                  =============

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


ASARCO LLC: Bridgeview Files Schedules of Assets and Debts
----------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                         371

B.2    Bank Accounts
          Wachovia Bank account                         108,676

B.9    Interests in Insurance Policies             Undetermined

       TOTAL SCHEDULED ASSETS                      Undetermined
                                                  =============

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claim                                         $0

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims
          PBGC Employee Pension Benefits           Undetermined
          ASARCO LLC Intercompany Claim                 110,612

       TOTAL SCHEDULED LIABILITIES                 Undetermined
                                                  =============

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


ASARCO LLC: Government Gulch Files Schedules of Assets and Debts
----------------------------------------------------------------

A.     Real Property                               Undetermined
          Kootenai County Properties          
             E Mission Flats South of I-90
             CdA River Bottom Land @ Cataldo
             Hillside E of Old US10
             E Mission Flats South of I-90
             Mission Flats N of I-90
             Mission Flats S of I-90
             Mission Flats N of Old US10
             Mission Flats N of I-90
             Mission Flats S of I-90
             Tract @ Bull Run Outlet
             Gov't. Lot 1
             SE 1/4
             Tract N of UPRR
          Shoshone County Properties
             Hillside @ Evolution Bridge
             E Page Swamp
             W Page Swamp

B.     Personal Property
B.23   Other intangibles
          Greenhill Cleveland Mining Co.
            Patented Mining Claims                 Undetermined
          Government Gulch Mining Co.
            Patented Mining Claims                 Undetermined

       TOTAL SCHEDULED ASSETS                      Undetermined
                                                  =============

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claim                                         $0

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims
          PBGC Employee Pension Benefits           Undetermined
          EVA Potential Environmental Remediation  Undetermined
          IDEQ Potential Environmental Remediation Undetermined
          Shoshone County Property Taxes           Undetermined
          Kootenai County Property Taxes           Undetermined

       TOTAL SCHEDULED LIABILITIES                 Undetermined
                                                  =============

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


ASARCO LLC: Six Affiliates Report Undetermined Assets and Debts
---------------------------------------------------------------
Six debtor-affiliates of Asarco LLC filed schedules of assets and
liabilities and statements of financial affairs reflecting
undetermined amounts for their assets and liabilities:

   * ALC, LLC,
   * AR Mexican Explorations, Inc.,
   * AR Sacaton LLC,
   * ASARCO Oil and Gas Company, Inc.,
   * Covington Land Company, and
   * Salero Ranch, Unit III, Community Association, Inc.

Thomas L. Aldrich, vice president of ASARCO LLC, discloses that
six Debtors did not generate income for two years immediately
preceding the Petition Date.

ASARCO Oil and Gas Company received $150,000 in yearly revenues
from Royalty and Shared Interest Wells during that period, Mr.
Aldrich relates.

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


FGI GROUP: Files Monthly Operating Report for December 2005
-----------------------------------------------------------
On Jan. 13, 2005, FGI Group Inc., filed a monthly operating report
for Florsheim Group, Inc., et al., and its debtor-affiliates
covering the period from Dec. 1 to Dec. 31, 2005, with the
United States Bankruptcy Court for the Northern District of
Illinois, Eastern Division.

FGI Group reports a $957,751 cash balance at Dec. 31, 2005, and
provides a summary of cash accounts; receipts listings;
disbursements listings; loan account; statement of aged
receivables and accounts payable aging; tax questionnaire; and
declaration.

A full-text copy of FGI Group's December 2005 Monthly Operating
Report is available at no charge at
http://ResearchArchives.com/t/s?462

Florsheim Group, Inc., filed for chapter 11 protection on March 4,
2002 (Bankr. N.D. Ill. Case No. 02-08209) to facilitate a sale of
its U.S. wholesale business and 23 retail stores to its U.S.
assets to the Weyco Group, Inc., for $45.6 million in cash,
subject to post closing adjustment.


MIRANT CORP: Posts $84.1 Million Net Loss in November 2005
----------------------------------------------------------

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

ASSETS

Cash and cash equivalents                        $1,551,433,569
Accounts receivable - net                           657,195,880
Assets from risk management activities              929,821,694
Derivative hedging instruments                                -
Inventories                                         425,663,438
Other                                             1,280,242,801
                                                 --------------
        Total Current Assets                      4,844,357,382

Property, plant and equipment                     5,247,809,467
Less: accumulated depreciation/depletion            954,389,522
Leasehold interests - net                         1,425,668,150
Construction work in progress                       132,562,480
Investment in suspended construction                174,333,500
                                                 --------------
        Total net property, plant and equipment   6,025,984,075

Investments                                         256,467,363
Long-term accounts receivable - net                  48,171,068
Notes receivable - net                                        -
Assets from risk management activities              145,700,955
Goodwill - net                                        5,767,352
Other intangibles - net                             263,486,591
Derivative hedging instruments                                -
Restricted cash, non-current                        188,106,041
Other long-term assets                                        -
Miscellaneous deferred charges                      436,845,555
                                                 --------------
        Total Non-current Assets                  1,344,544,925
                                                 --------------
        TOTAL ASSETS                            $12,214,886,382
                                                 ==============

LIABILITIES AND EQUITY

Postpetition Liabilities:
     Debt                                        $1,215,091,263
     Accounts Payable                               598,703,038
     Liabilities from risk management activities  1,429,842,551
     Obligations under energy deliveries              5,658,401
     Derivative hedging instruments                           -
     Other                                          284,043,001
     Miscellaneous deferred credits                 700,659,832
                                                 --------------
        Total postpetition liabilities            4,233,998,086

Prepetition Liabilities                          10,607,206,893
                                                  -------------
        TOTAL LIABILITIES                        14,841,204,979

EQUITY:
Minority interest in subsidiaries                   171,184,251
Mandatory redeemable securities                               -
Common stock                                          4,056,621
Additional paid-in capital                        4,918,451,070
Retained earnings                                (7,678,515,664)
Treasury stock, at cost                              (2,260,000)
Accumulated other comprehensive income              (39,234,875)
                                                 --------------
        Total Equity                            ($2,626,318,597)
                                                ---------------
        TOTAL LIABILITIES AND OWNERS' EQUITY    $12,214,886,382
                                                ===============

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

REVENUES:
     Generation                                    $287,866,473
     Net trading revenue                             (9,966,089)
     Distribution                                    63,188,831
     Other                                              584,592
                                                ---------------
        Net Revenue                                 341,673,807

OPERATING EXPENSES:
     Energy cost                                    203,287,566
     Operations and maintenance                      78,605,299
     Depreciation and amortization                   25,490,323
     Gain on sale of property and investment            494,106
     Impairment loss                                     13,091
     Restructuring costs                              4,475,918
                                                ---------------
        Total Operating Expenses                    312,366,303
                                                ---------------
        Income before non-operating income
        and expense                                  29,307,504

OTHER INCOME AND EXPENSES:
     Interest income                                  3,458,743
     Interest expense                              (116,533,706)
     Equity in income of affiliates                   2,539,467
     Other                                           38,213,464
     Reorganization items                           (21,882,961)
     Minority interest                                 (771,869)
     Net income from discontinued operations           (273,262)
     Gain on sale assets, minority owned                      -
                                                ---------------
         Total Other Income                         (95,250,124)

Provision for income tax                            (18,157,697)
                                                ---------------
        NET PROFIT (LOSS)                          ($84,100,317)
                                                ===============

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

Cash, beginning of month                           $272,624,369

Non-Operating Receipts:
     Loans & Advances                               $44,133,954
     Sale of Assets                                           -
                                                ---------------
     Total non-operating receipts                    44,133,954
                                                ---------------
        Total receipts                               44,133,954
                                                ---------------
        Total Cash Available                        316,758,323

Operating Disbursements                                       0

Reorganization Expenses
                                                ---------------
        Total disbursements                                   0
                                                ---------------
Net Cash Flow                                        44,133,954
                                                ---------------
Cash, end of month                                 $316,758,323
                                                ===============

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


MIRANT CORP: MAGi Posts $3.7 Million Net Loss in November 2005
---------------------------------------------------------------

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

ASSETS

Cash and cash equivalents                          $390,025,808
Accounts receivable - net                           673,162,244
Assets from risk management activities                       (1)
Derivative hedging instruments                                -
Inventories                                         174,543,276
Other                                               187,747,592
                                                ---------------
        Total Current Assets                      1,425,478,919

Property, plant and equipment                     2,247,537,842
Less: accumulated depreciation/depletion            406,723,158
Leasehold interests - net                                     -
Construction work in progress                        82,477,034
Investment in suspended construction                174,033,500
                                                ---------------
        Total net property, plant and equipment   2,097,325,218

Investments                                              25,000
Long-term accounts receivable - net                  92,171,429
Notes receivable - net                              223,275,000
Assets from risk management activities               19,634,276
Other intangibles - net                             200,044,962
Derivative hedging instruments                                -
Restricted cash, non-current                          5,156,817
Other long-term assets                                        -
Miscellaneous deferred charges                      209,200,109
                                                ---------------
       Total Non-current Assets                     749,507,593
                                                ---------------
       TOTAL ASSETS                              $4,272,311,730
                                                ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
    Debt                                                      -
    Accounts Payable                                277,275,655
    Liabilities from risk management activities     378,981,336
    Obligations under energy deliveries                       -
    Derivative hedging instruments                            -
    Other                                           190,947,434
    Miscellaneous deferred credits                   34,909,512
                                                ---------------
       Total postpetition liabilities               882,113,937

Prepetition Liabilities                           3,888,578,954
                                                ---------------
       TOTAL LIABILITIES                          4,770,692,891

EQUITY:
Minority interest in subsidiaries                        35,002
Mandatory redeemable securities                               -
Common stock                                              1,000
Additional paid-in capital                        3,853,859,362
Retained earnings                                (4,352,276,525)
Treasury stock, at cost                                       -
Accumulated other comprehensive income                        -
                                                ---------------
       Total Equity                                (498,381,161)
                                                ---------------
       TOTAL LIABILITIES AND OWNERS' EQUITY      $4,272,311,730
                                                ===============

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

REVENUES:
    Generation                                     $215,858,288
    Net trading revenue                                       -
    Distribution                                              -
    Other                                                 7,958
                                                ---------------
       Net Revenue                                  215,866,246

OPERATING EXPENSES:
    Energy cost                                     128,217,213
    Operations and maintenance                       46,977,965
    Depreciation and amortization                     7,779,960
    Gain on sale of property and investment                   -
    Impairment loss                                      13,091
    Restructuring costs                                 198,891
                                                ---------------
       Total Operating Expenses                     183,187,120
                                                ---------------
       Income before non-operating income
       and expense                                   32,679,126

OTHER INCOME AND EXPENSES:
    Interest income                                     (10,865)
    Interest expense                                (29,058,882)
    Equity in income of affiliates                            -
    Other                                               118,219
    Reorganization items                             (9,072,577)
    Minority interest                                         -
    Net income from discontinued operations                   -
                                                ---------------
       Total Other Income                           (38,024,105)

Provision for income tax                              1,606,559
                                                ---------------
       NET PROFIT (LOSS)                            ($3,738,420)
                                                ===============

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

Cash, beginning of month                            $37,790,545

Non-Operating Receipts:
    Loans & Advances                                 90,046,675
    Sale of Assets                                            -
                                                ---------------
    Total non-operating receipts                     90,046,675
                                                ---------------
       Total receipts                                90,046,675
                                                ---------------
       Total Cash Available                         127,837,220

Operating Disbursements                                       0

Reorganization Expenses                                       0
                                                ---------------
       Total disbursements                                    0
                                                ---------------
Net Cash Flow                                       $90,046,675
                                                ---------------
Cash, end of month                                 $127,837,220
                                                ===============

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


MUSICLAND HOLDING: Dec. 31 Balance Sheet Upside-Down by $114 Mil.
-----------------------------------------------------------------

             Summary of Debtors' Assets & Liabilities
                     As of December 31, 2005

Debtor                  Assets         Debts           Equity
------                  ------         -----           ------
Musicland Holding    $371,462,000   $485,575,000  ($114,113,000)
Corp. and         
Subsidiaries

             Summary of Debtors Assets & Liabilities
                     As of February 28, 2005

Debtor                     Assets         Debts          Equity
------                     ------         -----          ------
Musicland Holding Corp.      -         ($4,714,000)    $4,714,000

MLG Internet, Inc.       $104,000        3,861,000    ($3,757,000)

Request Media, Inc.          -           3,382,000    ($3,382,000)

Musicland Purchasing   $347,536,000   $350,772,000    ($3,237,000)
Corp.

Media Play, Inc.        $12,534,000   ($23,156,000)   $35,690,000

Sam Goody Holding Corp.      -              -               -

TMG Virgin Islands, Inc.   $138,000       $908,000      ($769,000)

The Musicland Group,     $6,844,000    ($9,376,000)   $16,220,000
Inc.

Musicland Retail, Inc.  $14,258,000     $9,132,000     $5,125,000

MG Financial Services,       -              -               -
Inc.

Suncoast Holding Corp.       -              -               -

Suncoast Motion Picture      -            $467,000      ($467,000)
Co., Inc.

Suncoast Group, Inc.     $7,462,000   ($68,768,000)   $76,230,000

Suncoast Retail, Inc.      $260,000   ($13,537,000)   $13,797,000

TMG Caribbean, Inc.        $128,000    ($3,037,000)    $3,165,000

Headquartered in New York, New York, Musicland Holding Corp., is a
specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they estimated
more than $100 million in assets and debts.  (Musicland Bankruptcy
News, Issue No. 1; Bankruptcy Creditors' Service, Inc., 215/945-
7000).


REFCO INC: Capital LLC Files Schedules of Assets and Debts
----------------------------------------------------------

A.     Real Property                                        $0

B.     Personal Property
B.1    Cash on Hand                                         $0
B.2    Bank Accounts
          Harris Trust & Savings - Operating         3,668,050
          Harris Trust & Savings - Primary Payroll   9,914,379
          Harris Trust & Savings - Manual Payroll       42,484
          JP Morgan Chase - Primary Accts Payroll    1,233,093
          JP Morgan Chase - Depository                  83,660
          JP Morgan Chase - Collateral for LOC         501,000
B.3    Security Deposits
          A-Z Vending                                      375
B.15   Accounts Receivable
          Just Commodity, Inc.                       6,097,220
          Refco Administration, LLC                  1,317,153
          Refco Alternative Investments Group        5,089,912
          Refco Capital Holdings, LLC               85,071,797
          Refco Capital Management, LLC              5,438,391
          Refco Capital Markets, Ltd.              283,134,750
          Refco Capital Trading, LLC                 5,349,371
          Refco Fixed Assets Mgmt., LLC             34,736,364
          Refco Forex Ltd.                           5,677,390
          Refco Global Futures PTE                 184,417,992
          Refco Group Ltd., LLC                    965,842,658
          Refco Regulated Companies, LLC            96,226,684
          Refco Securities, LLC                    125,930,492
          Refco Trading Services, LLC                9,793,791
          Others                                     5,408,439
B.17   Other liquidated debts owed
          Brian Schaer                               1,003,146
          Forstmann Leff Int'l.                      1,994,511
          Man Financial                              3,228,018
          Ronald Burnstein                           8,919,347
          Steve Kessler                             11,330,590
          Suffolk - KAV LLC                         11,814,624
          Suffolk - MKK LLC                         20,038,019
          Suffolk - SUG LLC                         20,194,159
          Suffolk, LLC                             159,543,803
          Others                                     7,920,474
                                               ---------------
       TOTAL SCHEDULED ASSETS                   $2,080,962,136
                                               ===============

C.     Property Claimed as Exempt                         n/a

D.     Creditors Holding Secured Claims
          Secured Financing
             Bank of America, N.A.                $643,718,995

E.     Creditors Holding Unsecured Priority Claims          $0

F.     Creditors Holding Unsecured Non-Priority Claims
          Senior Subordinated Notes
             Wells Fargo Corporate Trust Serv.    $397,404,657
          Accounts Payable            
             Alps Construction, Inc.                   419,688
             American Express                          136,720
             Bloomberg LP                              129,008
             Grant Thornton LLP                        180,842
             MCI                                       196,175
             Office Concepts, Inc                      131,770
             Patsystems (NA) LLC                       227,846
             PricewaterhouseCoopers                    353,110
             Reuters America                           176,566
             Others                                  2,413,383
          Intercompany Liabilities
             Haut Commodities LLC                   12,080,001
             Marshal Metals, LLC                     6,664,717
             Refco Capital Holdings, LLC            38,502,651
             Refco Capital Markets Intl              8,162,503
             Refco Capital Markets Intl             11,268,359
             Refco Global Finance Ltd.           1,922,543,485
             Refco Global Holdings, LLC             50,583,105
             Refco Group Ltd., LLC                  15,365,523
             Refco LLC                              46,945,796
             RefcoFund Holdings LLC                  1,055,095
             Others                                  1,692,995
          Independent Broker Obligations
             Acies Retro Session accrual               167,636
             Francisco Romero                          110,500
             FSLFG-FSLFG                               363,295
             Hencorp                                   907,393
             Javier Sumavielle                         169,167
             Larin American Consulting                 180,270
             Rodrigo Alvarez                           143,144
             Others                                  1,088,332
                                               ---------------
       TOTAL SCHEDULED LIABILITIES              $3,163,482,727
                                               ===============

Headquartered in New York, New York, Refco Inc. --
http://www.refco.com/-- is a diversified financial services   
organization with operations in 14 countries and an extensive
global institutional and retail client base.  Refco's worldwide
subsidiaries are members of principal U.S. and international
exchanges, and are among the most active members of futures
exchanges in Chicago, New York, London and Singapore.  In
addition to its futures brokerage activities, Refco is a major
broker of cash market products, including foreign exchange,
foreign exchange options, government securities, domestic and
international equities, emerging market debt, and OTC financial
and commodity products.  Refco is one of the largest global
clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  
Refco reported $16.5 billion in assets and $16.8 billion in
debts to the Bankruptcy Court on the first day of its chapter 11
cases.  (Refco Bankruptcy News, Issue No. 19; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


REFCO INC: Capital Markets Files Schedules of Assets and Debts
--------------------------------------------------------------

A.     Real Property                                        $0

B.     Personal Property
B.1    Cash on Hand                                         $0
B.2    Bank Accounts
          Bank of NT Butterfield                        12,564
          Harris Bank                               97,862,026
          HSBC                                     106,583,698
          JP Morgan Chase                           56,523,596
          Standard Charter Bank                      1,659,707
B.12   Stock and Interests
          Investment in Subsidiary                  10,012,000
B.14   Bonds
          CIBC                                       5,875,557
          Clearstream                               41,375,814
          Dresdner                                  62,856,527
          Euroclear                                480,062,859
          JPMorgan Chase                           728,768,698
          Merill Lynch                              56,584,322
          Refco Singapore                            1,901,951
B.15   Accounts Receivable
          Cargill Investor Services Ltd.            34,574,212
          Refco Singapore PTE                       21,707,894
          Refco East Services, Inc.                 11,636,446
          Refco Global Finance Ltd.              2,278,164,320
          Refco Group Ltd., LLC                    608,377,809
          Refco Overseas Ltd.                       47,445,152
          Refco Securities, LLC                    104,775,396
          Refco, LLC                                11,450,384
          Others                                    20,546,724
B.17   Other Liquidated Debts Owed
          CounterParty Terminations-Securities     140,651,266
          CounterParty Terminations-FX              42,978,395
          Euroclear                                  1,056,322
          Euroclear                                  4,744,508
          LeMay Investments                         14,215,985
          Merill Lynch                               8,196,983
          Michael Wilner                             7,942,226
          Oros, Davis S. & Marla T.                 10,106,161
          PCMG Trading Partners                    277,184,927
          PCMG VI Trading Partners                  33,509,108
          Refco LLC                                 40,964,347
          Sidney Knafel                              6,096,545
          William T. Esrey                          36,816,204
          Others                                        17,000
B.33   Other Personal Property
          Banesco Holding CA                        61,223,734
          Cargill Investor Services, Inc.           19,478,230
          Federal Portfolio Mgmt., Inc.             78,729,146
          Nissei Kohatsu Co., Ltd.                  21,895,520
          SBP Investments                           23,119,348
          Vipasa Int'l. Investments Corp.          154,501,846
          Others                                   175,664,321
                                               ---------------
       TOTAL SCHEDULED ASSETS                   $5,947,832,777
                                               ===============

C.     Property Claimed as Exempt                         n/a

D.     Creditors Holding Secured Claims
          Secured Financing
             JPMorgan Chase                        $79,537,542

E.     Creditors Holding Unsecured Priority Claims

F.     Creditors Holding Unsecured Non-Priority Claims
          Obligations to Clients
             Abu Dhabi Investment Authority        $28,300,000
             BanCAfe International Bank            208,502,941
             Banco Arigola, S.A.                    29,702,029
             Banco Cuscatlan, S.A.                  43,902,522
             Banesco Banco Universal CA PA          51,023,576
             Banesco Int'l. Panama                  50,883,948
             Capital Mgmt Select Fund              106,812,109
             Creative Finance Limited               65,445,343
             Cosmorex, LTd.                        105,850,964
             Daiichi Commodities Co.                24,604,906
             Federal Portfolio                      78,690,934
             Filare Limited                         38,763,772
             Fimex                                  33,582,575
             Global Management Worldwide            28,979,825
             Grinham Portfolio                      24,584,718
             IDC Financial                          22,402,697
             InterFinancial Services               152,614,242
             JWH Global Trust                       58,568,941
             Markwood Investments                  138,214,591
             Premier trust Custody                 244,631,602
             RB Securities Limited                  66,568,834
             Refco Alt Mutli Mgr Fund               41,711,139
             Refco Winton Diversified               27,328,612
             Rietumu Banka                          50,208,875
             Rogers Int'l. Raw Materials            75,265,027
             Rogers Raw Materials Fund             287,665,479
             Rovida Holdings Ltd.                   31,004,999
             RR Investments Co.                     41,953,550
             SBP-Custody 1                          32,238,724
             Siller, josefina                       31,467,642
             Stilton Int'l Holdings                 54,000,361
             VR Argentina Recovery Fund            118,370,673
             VR Capital Group Ltd.                  22,852,714
             VR Global Partners. L.P.              576,843,766
             Others                              2,993,542,630
          Intercompany Liabilities
             Cargill Investor Services Ltd.         70,677,951
             Refco Capital LLC                     283,134,750
             Refco F/X Associates LLC               85,851,057
             Refco Global Finance Ltd.             156,980,402
             Refco Overseas Ltd.                    69,101,914
             Refco Securities, LLC                  18,897,340
             Others                                684,643,414
          Other Financings
             Esrey Trading                          36,634,872
             KMC                                    40,500,133
             LeMay I                                33,412,610
             LeMay II                               14,175,047
             PCMG V                                194,985,601
             PCMG XIV                               15,187,550
             PCMG XXIII                             25,312,583
             Winchester Preservation, LLC           23,908,365
                                               ---------------
       TOTAL SCHEDULED LIABILITIES              $5,343,252,823
                                               ===============

Headquartered in New York, New York, Refco Inc. --
http://www.refco.com/-- is a diversified financial services   
organization with operations in 14 countries and an extensive
global institutional and retail client base.  Refco's worldwide
subsidiaries are members of principal U.S. and international
exchanges, and are among the most active members of futures
exchanges in Chicago, New York, London and Singapore.  In
addition to its futures brokerage activities, Refco is a major
broker of cash market products, including foreign exchange,
foreign exchange options, government securities, domestic and
international equities, emerging market debt, and OTC financial
and commodity products.  Refco is one of the largest global
clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  
Refco reported $16.5 billion in assets and $16.8 billion in
debts to the Bankruptcy Court on the first day of its chapter 11
cases.  (Refco Bankruptcy News, Issue No. 19; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


REFCO INC: Global Finance Files Schedules Of Assets & Liabilities
-----------------------------------------------------------------

A.     Real Property                                        $0

B.     Personal Property
B.12   Stock and Interests              
          Investment in Subsidiary                    $672,271
B. 13  Interests in Partnerships
          Bank Frick                              undetermined
B.15   Accounts Receivable        
          Refco Capital LLC                      1,922,543,485
          Refco Capital Markets Ltd.               156,026,196
          Refco Futures (Canada) Ltd.                5,700,000
          Refco Global Holdings, LLC               226,412,679
          Refco Group Ltd., LLC                              0

       TOTAL SCHEDULED ASSETS                   $2,311,354,631
       =======================================================

C.     Property Claimed as Exempt                         n/a

D.     Creditors Holding Secured Claims                     $0

E.     Creditors Holding Unsecured Priority Claims          $0

F.     Creditors Holding Unsecured
       Non-Priority Claims
          Refco Capital LLC                                  0
          Refco Capital Markets Ltd.            $2,286,757,684
          Refco Futures (Canada) Ltd.                        0
          Refco Global Holdings, LLC                         0
          Refco Group Ltd., LLC                     22,482,824

       TOTAL SCHEDULED LIABILITIES              $2,309,240,508
       =======================================================

Headquartered in New York, New York, Refco Inc. --
http://www.refco.com/-- is a diversified financial services   
organization with operations in 14 countries and an extensive
global institutional and retail client base.  Refco's worldwide
subsidiaries are members of principal U.S. and international
exchanges, and are among the most active members of futures
exchanges in Chicago, New York, London and Singapore.  In
addition to its futures brokerage activities, Refco is a major
broker of cash market products, including foreign exchange,
foreign exchange options, government securities, domestic and
international equities, emerging market debt, and OTC financial
and commodity products.  Refco is one of the largest global
clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  
Refco reported $16.5 billion in assets and $16.8 billion in
debts to the Bankruptcy Court on the first day of its chapter 11
cases.  (Refco Bankruptcy News, Issue No. 19; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


THAXTON GROUP: Posts $75.7 Mil. Cumulative Net Loss in Nov. 2005
----------------------------------------------------------------
On Jan. 6, 2006, The Thaxton Group filed its monthly operating
report for the month of November 2005 with the U.S. Bankruptcy
Court for the District of Delaware.

The company reported a cumulative net loss of $75,736,631 on
$110,614,840 of revenue for the period from Oct. 17, 2003 thru
Nov. 30, 2005.

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

      Total Assets                      $100,237,554
      Total Liabilities                  174,937,660
      Stockholders' Equity Deficit      ($74,700,106)

A full-text copy of Thaxton Group's November 2005 Monthly
Operating Report is available at no charge at:

            http://ResearchArchives.com/t/s?461

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


WINN-DIXIE: Posts $2 Million Net Loss in Period Ended December 14
-----------------------------------------------------------------

                  Winn-Dixie Stores, Inc., et al.
               Unaudited Consolidated Balance Sheet
                       At December 14, 2005
                          (In thousands)

                              Assets

Current assets:
   Cash and cash equivalents                            $54,655
   Marketable securities                                 13,354
   Trade and other receivables, net                     176,159
   Insurance claims receivable                           72,386
   Income tax receivable                                 30,183
   Merchandise inventories, net                         555,911
   Prepaid expenses and other current assets             60,352
                                                   ------------
Total current assets                                    963,000

Property, plant and equipment, net                      559,743
Other assets, net                                       123,212
                                                   ------------
Total assets                                         $1,645,955
                                                   ============

              Liabilities and Shareholders' Deficit

Current liabilities:
   Current portion of long-term debt                       $221
   Current obligations under capital leases               4,169
   Accounts payable                                     260,359
   Reserve for self-insurance liabilities                89,887
   Accrued wages and salaries                            78,688
   Accrued rent                                          35,992
   Accrued expenses                                      96,475
                                                   ------------
Total current liabilities                               565,791

Reserve for self-insurance liabilities                  142,285
Long-term debt                                              283
Long-term borrowings under DIP Credit Facility           40,025
Obligations under capital leases                          5,305
Other liabilities                                        16,683
                                                   ------------
Total liabilities not subject to compromise             770,372

Liabilities subject to compromise                     1,135,979
                                                   ------------
Total liabilities                                     1,906,351

Shareholders' deficit:
   Common stock                                         141,828
   Additional paid-in-capital                            31,391
   Accumulated deficit                                 (396,995)
   Accumulated other comprehensive loss                 (36,620)
                                                   ------------
Total shareholders' deficit                            (260,396)
                                                   ------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT          $1,645,955
                                                   ============

                 Winn-Dixie Stores, Inc., et al.
          Unaudited Consolidated Statement of Operations
                Four weeks ended December 14, 2005
                          (In thousands)

Net sales                                              $613,331
Cost of sales                                           461,355
                                                   ------------
Gross profit on sales                                   151,976

Other operating and administrative expenses             167,507
Restructuring gains                                      (1,617)
                                                   ------------
Operating loss                                          (13,914)

Interest expense, net                                       823
                                                   ------------
Loss before reorganization items and income taxes       (14,737)
Reorganization items, net                                (4,795)
Income tax expense                                            -
                                                   ------------
Net loss from continuing operations                      (9,942)

Discontinued operations:
   Gain from discontinued operations                        399
   Gain on disposal of discontinued operations            7,568
   Income tax expense                                         -
                                                   ------------
Net earnings from discontinued operations                 7,967
                                                   ------------
Net loss                                                ($1,975)
                                                   ============

                 Winn-Dixie Stores, Inc., et al.
          Unaudited Consolidated Statement of Cash Flows
                Four weeks ended December 14, 2005
                          (In thousands)

Cash flows from operating activities:
   Net loss                                             ($1,975)
   Adjustments to reconcile net loss to
    net cash provided by operating activities:
      Gain on sales of assets, net                       (3,096)
      Reorganization items, net                          (4,795)
      Depreciation and amortization                       7,691
      Stock compensation plans                              705
      Change in operating assets and liabilities:
         Trade and other receivables                     34,486
         Merchandise inventories                          8,669
         Prepaid expenses and other current assets       (8,324)
         Accounts payable                               (13,654)
         Reserve for self-insurance liabilities          (1,162)
         Lease liability on closed facilities            (9,742)
         Income taxes payable                                14
         Defined benefit plan                              (218)
         Other accrued expenses                           3,438
                                                   ------------
      Net cash provided by operating
       activities before reorganization items            12,037
      Cash effect of reorganization items               (10,604)
                                                   ------------
Net cash provided by operating activities                 1,433

Cash flows from investing activities:
   Purchases of property, plant and equipment              (594)
   Increase in investments and other assets              (7,273)
   Proceeds from sales of assets                          2,359
   Marketable securities, net                               (43)
                                                   ------------
Net cash used in investing activities                    (5,551)

Cash flows from financing activities:
   Gross borrowings on DIP Credit Facility               32,774
   Gross payments on DIP Credit Facility                (32,750)
   Principal payments on long-term debt                     (17)
   Principal payments on capital lease obligations         (119)
   Other                                                    131
                                                   ------------
Net cash provided by financing activities                    19
                                                   ------------
Decrease in cash and cash equivalents                    (4,099)
Cash and cash equivalents at beginning of period         58,754
                                                   ------------
Cash and cash equivalents at end of period              $54,655
                                                   ============

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc.
-- http://www.winn-dixie.com/-- is one of the nation's largest
food retailers.  The Company operates stores across the
Southeastern United States and in the Bahamas and employs
approximately 90,000 people.  The Company, along with 23 of its
U.S. subsidiaries, filed for chapter 11 protection on Feb. 21,
2005 (Bankr. S.D.N.Y. Case No. 05-11063, transferred Apr. 14,
2005, to Bankr. M.D. Fla. Case Nos. 05-03817 through 05-03840).
D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and
Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King &
Spalding LLP, represent the Debtors in their restructuring
efforts.  When the Debtors filed for protection from their
creditors, they listed $2,235,557,000 in total assets and
$1,870,785,000 in total debts.  (Winn-Dixie Bankruptcy News,
Issue No. 31; Bankruptcy Creditors' Service, Inc., 215/945-7000).

                             *********

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

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

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

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

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

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

                             *********

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

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

Copyright 2006.  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 $725 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
at 240/629-3300.


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