TCR_Public/060204.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, February 4, 2006, Vol. 10, No. 30

                             Headlines

ADELPHIA COMMS: Earns $83 Million For the Month Ended December 31
ADELPHIA COMMS: Century Files Statement of Account for Dec. 2005
ASARCO LLC: Earns $16.5 Million For the Month Ended December 31
DELPHI CORPORATION: Files Schedules of Assets and Liabilities
DELPHI CORP: Automotive Systems Files Schedules of Assets & Debts

DELPHI CORP: DAS Holding Files Schedules of Assets and Liabilities
DELPHI CORP: Delco Electronics Files Schedules of Assets and Debts
INTERSTATE BAKERIES: Posts $9.6M Net Loss for Period Ended Dec. 10
KUSHNER-LOCKE: Releases November 2005 Monthly Operating Reports
MCLEODUSA INC: Files Summary of Cash Receipts for Dec. 1-15, 2005

O'SULLIVAN IND: Files December 2005 Monthly Operating Report
O'SULLIVAN IND: Furniture Files December 2005 Monthly Report
O'SULLIVAN IND: Holdings Reports $0 Cash Receipts in Dec. 2005
O'SULLIVAN IND: Virginia Reports $15K Ending Balance in Dec. 2005
REFCO INC: F/X Associates Files Schedules of Assets and Debts

REFCO INC: Group Ltd. Files Schedules of Assets and Liabilities

                             *********

ADELPHIA COMMS: Earns $83 Million For the Month Ended December 31
-----------------------------------------------------------------

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

                               ASSETS

Cash and cash equivalents                              $387,451
Restricted cash                                          25,783
Accounts receivables - net                              115,132
Receivable for securities                                10,029
Other current assets                                    189,329
                                                    -----------
Total current assets                                    727,724

Restricted cash                                         262,393
Investments in equity affiliates                          7,165
Receivables from non-filing entities                    727,608
Property and equipment - net                          4,206,059
Intangible assets - net                               7,050,878
Other noncurrent assets - net                           107,393
                                                    -----------
Total Assets                                        $13,089,220
                                                    ===========

                LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable                                       $127,228
Subscriber advance payments and deposits                 33,029
Accrued liabilities                                     533,900
Deferred income                                          20,537
Current portion of parent and subsidiary debt           868,902
                                                    -----------
Total current liabilities                             1,583,596

Other liabilities                                        26,529
Deferred income                                          58,736
Deferred income taxes                                   749,421
                                                    -----------
Total noncurrent liabilities                            834,686

Liabilities subject to compromise                    18,454,693
                                                    -----------
Total liabilities                                    20,872,975

Minority interests in equity of subsidiary               72,796

Stockholders' equity:
    Series preferred stock                                  397
    Class A and Class B common stock                      2,548
    Additional paid-in capital                        9,567,154
    Accumulated other comprehensive income                   47
    Accumulated deficit                             (17,398,760)
    Treasury stock, at cost                             (27,937)
                                                    -----------
Total stockholders' equity                           (7,856,551)
                                                    -----------
Total liabilities and stockholders' equity          $13,089,220
                                                    ===========

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

Revenue                                                $355,737
Cost and expenses:
    Direct operating and programming                    237,129
    Selling, general and administrative                  11,655
    Investigation, re-audit and sale transaction co       4,692
    Depreciation and amortization                        75,951
    Impairment of long-lived assets                           -
    Provision for uncollectible amounts from Rigases          -
    Gains on dispositions of long-lived assets              740
                                                    -----------
Operating income (loss)                                  25,570

Other income (expense):
    Interest expense                                    (49,785)
    Impairment of cost & available for sale investments       -
    Other income (expense) - net                         34,301
                                                    -----------
       Total other expense - net                        (15,484)
                                                    -----------
Loss from continuing operations before
     reorganization expense                              10,086

Reorganization expenses due to bankruptcy               (12,656)
                                                    -----------
Loss from continuing operations before income taxes      (2,570)
Income tax benefit                                       84,033
Share of losses of equity affiliates - net                   95
Minority's interest in subsidiary losses - net            1,529
                                                    -----------
Net income                                               83,087
Beneficial conversion feature                                 -
                                                    -----------
Net loss applicable to common stockholders              $83,087
                                                    ===========

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

Cash flows from operating activities:
    Net loss                                            $83,087
    Adjustments to reconcile net loss to net cash
    provided by (used in) operating activities:
       Depreciation and amortization                     75,951
       Impairment of long-lived assets                        -
       Provision for uncollectible amounts from Rigases       -
       Gains on disposition of long-lived assets        (44,490)
       Amortization of debt issuance costs                  280
       Impairment of cost & available for sale investments    -
       Provision for settlements                              -
       Reorganization expenses due to bankruptcy         12,656
       Deferred tax expense (benefit)                   (75,853)
       Share in losses of equity affiliates - net           (95)
       Minority interest in losses of subsidiaries       (1,529)
       Other noncash gains                               22,811
       Depreciation, amortization and other non-cash
          items from discontinued operations                  -
       Change in operating assets & liabilities         (13,324)
                                                    -----------
Net cash provided by operating activities before
payment of reorganization expenses                       59,494

Reorganization expenses paid during the period           (6,593)
                                                    -----------
Net cash provided by (used in) operating activities      52,901

Cash flows from investing activities:
    Expenditures for property, plant and equipment      (55,632)
    Changes in restricted cash                            2,343
    Proceeds from sale of investments                     9,404
    Other                                                  (698)
                                                    -----------
Net cash used in investing activities                   (44,583)

Cash flows from financing activities:
    Proceeds from debt                                   36,000
    Repayments of debt                                   (1,304)
    Payment of debt issuance costs                            -
                                                    -----------
Net cash provided by financing activities                34,696

Change in cash and cash equivalents cash                 43,014

Cash, beginning of period                               344,437
                                                    -----------
Cash, end of period                                    $387,451
                                                    ===========

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


ADELPHIA COMMS: Century Files Statement of Account for Dec. 2005
----------------------------------------------------------------
Century/ML Cable Venture delivered to the U.S. Bankruptcy Court
for the Southern District of New York on Jan. 24, 2006, a
Statement of Account for December 2005:

                         Statement of Account
                 For the Month ended December 31, 2005

     Beginning Balance                                 $2,881,986
     Additions                                             21,119
     Disbursements                                        580,366
                                                       ----------
     Closing Balance                                   $2,322,739
                                                       ==========

Richard S. Toder, Esq., at Morgan Lewis & Bockius LLP, in New
York, notes that the Beginning Balance includes only those funds
that were held back as of the closing on Oct. 31, 2005, that were
applicable to potential liabilities of the Debtor.  The Balance
excludes the $10,000,000 related to the Highland Holdings claim.

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


ASARCO LLC: Earns $16.5 Million For the Month Ended December 31
---------------------------------------------------------------

                       ASARCO LLC, et al.
                         Balance Sheet
                    As of December 31, 2005

ASSETS
   Current assets:
   Cash                                             $11,643,000
   Net accounts receivable                           63,088,000
   Inventory:  lower of cost or market              216,436,000
   Prepaid expenses                                  28,481,000
   Deferred income tax assets                                 0
                                               ----------------
Total current assets                                319,648,000

Net property, plant and equipment                   477,877,000
Other assets
   Investment in subs                                69,797,000
   Prepaid pension and retirement plan               73,157,000
   Non-current deferred tax asset                    40,952,000
   Other                                            113,784,000
                                               ----------------
Total assets                                     $1,095,215,000
                                               ================

LIABILITIES
Postpetition liabilities:
   Accounts payable                                 $23,189,000
   Accrued liabilities                                7,409,000
   Debtor-in-possession financing                             0
                                               ----------------
Total postpetition liabilities                       30,598,000

Prepetition liabilities:
   Not subject to compromise - credit                 2,063,000
   Not subject to compromise - other                 16,307,000
   Subject to compromise                            991,725,000
                                               ----------------
Total prepetition liabilities                     1,010,095,000
                                               ----------------
Total liabilities                                $1,040,693,000
                                               ================

OWNERS'S EQUITY (DEFICIT)
Common stock                                       $508,325,000
Additional paid-in capital                          104,578,000
Other comprehensive income                         (122,652,000)
Retained earnings: filing Date                     (467,515,000)
                                               ----------------
Total prepetition owner's equity                     22,736,000
Retained earnings: post-filing date                  31,786,000
                                               ----------------
Total owner's equity (net worth)                     54,522,000
                                               ----------------
Total liabilities and owner's equity             $1,095,215,000
                                               ================

                        ASARCO LLC, et al.
              Consolidated Statement of Operations
                  Month Ended December 31, 2005

Sales                                               $33,350,000
Cost of products and services                        19,925,000
                                               ----------------
Gross profit                                         13,424,000

Operating expenses:
Selling and general & administrative expenses           873,000
Depreciation and amortization                         2,159,000
Provision accretion expense of asset
   retirement obligation                                126,000
                                               ----------------
Operating income                                     10,266,000

Interest expense                                        250,000
Interest Income                                        (458,000)
Reorganization Expenses                                 714,000
Other miscellaneous (income) expenses                (6,773,000)
                                               ----------------
Income (loss) before taxes                           16,533,000
Income taxes                                                  0
                                               ----------------
Net income                                          $16,533,000
                                               ================

                       ASARCO LLC, et al.
          Consolidated Cash Receipts and Disbursements
                    As of December 31, 2005

Receipts                                            $35,750,000
Disbursements:
Inventory material                                   (1,373,000)
Operating disbursements                              37,101,000
Capital expenditures                                  3,564,000
                                               ----------------
Total disbursements                                  39,292,000

Operating cash flow                                  (3,542,000)
Reorganization disbursements                          3,754,000
                                               ----------------
Net cash flow                                        (7,296,000)
Net payments to secured Lenders                               0
                                               ----------------
Net change in cash                                   (7,296,000)
Beginning cash balance                               18,939,000
                                               ----------------
Ending cash balances                                $11,643,000
                                               ================

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 proceeding. (ASARCO
Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


DELPHI CORPORATION: Files Schedules of Assets and Liabilities
-------------------------------------------------------------

A.      Real Estate                                          None

B.      Personal Property
B.1     Cash on Hand                                         None
B.2     Bank Accounts
            Bank One, Michigan                            $12,667
            Citibank                                        1,000
            Citifunds                                   1,344,527
            Deutsche Bank                               3,455,389
            Others                                           None
B.3     Security Deposits                                    None
B.4     Household goods                                      None
B.5     Book, art work & collectibles                        None
B.6     Wearing apparel                                      None
B.7     Furs and jewelry                                     None
B.8     Firearms and sporting goods
B.9     Interests in Insurance Policies              Undetermined

B.10    Annuities                                            None
B.11    Interests in retirement plans                        None
B.12    Stock and Interests                          Undetermined

B.13    Interests in partnerships
            InPlay Technologies joint venture        Undetermined
B.14    Bonds                                                None
B.15    Accounts Receivable                                  None
B.16    Alimony                                              None
B.17    Other liquidated debts owed
            Federal Excise Tax Refund                      10,150
            LT Note Receivable from:
               Delphi Automotive Systems LLC        3,637,705,568
               Delphi France Holding SAS              175,779,278
               Delphi Holding Luxembourg              150,647,667
B.18    Equitable and future interests                       None
B.19    Contingent interests                                 None
B.20    Other contingent & unliquidated claims
            Refunds on U.S. duties                   Undetermined
            Agreements with GM Corp.                 Undetermined
B.21    Patents, copyrights & trademarks                     None
B.22    Other intangibles                                    None
B.23    Automobiles                                          None
B.24    Boats                                                None
B.25    Aircraft                                             None
B.26    Office Equipment                                     None
B.27    Machinery, furniture and fixtures                    None
B.28    Inventory                                            None
B.29    Animals                                              None
B.30    Crops                                                None
B.31    Farming equipment                                    None
B.32    Farm supplies                                        None
B.33    Other Personal Property                              None

         TOTAL SCHEDULED ASSETS                    $3,968,956,245
                                                  ===============

C.      Property Claimed as Exempt                           None

D.      Secured Claims
            JPMorgan Chase Bank NA
               Debt Revolver                       $1,500,000,000
               Debt Term Loan                         988,329,621
               Others                                     Unknown
            Others                                        Unknown

E.      Unsecured Priority Claims                         Unknown

F.      Unsecured NonPriority Claims
            Booz Allen & Hamilton Inc.                  1,406,884
            Post-Employment Pension Benefits        4,317,153,000
            Post-Emp. Health & Life Benefits        9,585,433,000
            Delphi Automotive Systems LLC             257,954,750
            Delphi Auto. HR LLC                             1,000
            Delphi NY Holding Corp.                           100
            Electronic Data Sys. DE EFT                   172,392
            Hewlett Packard Co Inc.                       558,812
            Hewlett Packard Company                     4,269,807
            Hewlett Packard Mexico                         11,154
            I2 Technologies                               123,119
            Intercall                                     582,953
            KPMG LLP                                       15,000
            Law Debenture Trust Company
               Debt Subord. Notes Trust I             262,585,460
               Debt Subord. Notes Trust II            158,436,560
            McCann Erickson                               500,249
            Pentastar Aviation LLC                        160,908
            Tata America Int'l Corp.                    1,991,456
            Wilmington Trust Company
               Debt Corporate Bond - 2006             510,200,820
               Debt Corporate Bond - 2009             514,118,852
               Debt Corporate Bond - 2013             504,706,284
               Debt Corporate Bond - 2029             515,476,434
            Others                                        Unknown

         TOTAL SCHEDULED LIABILITIES              $19,124,188,617
                                                 ================

A full text copy of Delphi Corp.'s list of Interests in Insurance
Policies claims is available for free at:

              http://ResearchArchives.com/t/s?4e8

A full text copy of Delphi Corp.'s list of Stock and Interests is
available for free at:

              http://ResearchArchives.com/t/s?4e9

A full text copy of Delphi Corp.'s list of Unsecured Priority
Claims is available for free at:

              http://ResearchArchives.com/t/s?4e3  

Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of    
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology.  The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide.  The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481).  John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts.  As of
Aug. 31, 2005, the Debtors' balance sheet showed $17,098,734,530
in total assets and $22,166,280,476 in total debts. (Delphi
Bankruptcy News, Issue No. 14; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


DELPHI CORP: Automotive Systems Files Schedules of Assets & Debts
-----------------------------------------------------------------

A.      Real Estate
            Land and improvements                     $43,508,678
            Building and improvements                 496,516,810

B.      Personal Property
B.1     Cash on hand                                     $97,833
B.2     Bank accounts
            Bank of America, N.A.                         733,080
            Bank One, Illinois                          1,969,684
            Bank One, Michigan                        271,483,809
            Citibank                                    2,000,577
            Comerica Bank                              12,600,053
            Deutsche Asset Management                   1,000,000
            Fidelity Investments                        1,008,514
            Harris, N.A.                                5,783,109
            JPMorgan Chase Bank                        10,356,073
            JPMorgan Chase Securities                 249,806,668
            RBS Securities                              1,877,213
            Reserve Fund                                1,373,569
            Others                                        573,927
B.3     Security deposits
            AT&T                                          280,000
            Liberty Property Ltd Partnership               14,417
            First Industrial L.P.                           5,966
            Tennessee Valley Authority                    150,000
            Entergy Mississippi Inc.                      600,000
            Workmen's Compen. Sec. Deposit                 70,000
B.9     Interests in Insurance Policies             Undetermined

B.12    Stock and Interests                         Undetermined

B.13    Interests in partnerships
            Joint Venture
               DAS - Ahimori LLC                     Undetermined
               Delphi Furukawa Wiring Sys LLC        Undetermined
               EnerDel, Inc.                         Undetermined
               Famar do Brasil Comercio              Undetermined
               HE Microwave LLC                      Undetermined
               MobileAria, Inc.                      Undetermined
B.14    Bonds
            Monroe County Indust. Devt. Bond           22,362,500
B.15    Accounts receivable
            A/R - Trade                             3,285,415,196
            A/R - Intercompany                        309,222,051
            Allowances                                (22,339,716)
B.17    Other liquidated debts owed
            Specialty Electronics                       2,898,131
            MobileAria                                 20,788,032
            Delco Electronic Overseas Corp.            15,844,894
            Crown City Plating                          1,615,000
            Entek                                       1,300,000
            Amherst Solutions/Viking                    1,348,190
            US Government NAFTA                         2,688,046
            New York State Franchise Tax Refund         3,165,704
            Austrian VAT                                5,650,388
            Others                                      3,610,522
B.19    Contingent interests
            Metropolitan                                  543,600
B.20    Other contingent & unliquidated claims      Undetermined

B.22    Other intangibles
            Licensing Agreement
               Ohio-Kettering                        Undetermined
               Cooler Air Systems, LLC               Undetermined
B.23    Automobiles                                      322,726
B.26    Office Equipment                             161,927,479
B.27    Machinery, furniture and fixtures          1,855,118,903
B.28    Inventory                                  1,045,274,251
B.33    Other personal property
            Commodity hedgers                          12,831,981
            Foreign exchange hedges                    38,825,495
            Prepaid engineering                        13,000,000
            Prepaid property taxes                        606,598
            Prepaid utility expense                     1,002,775
            Prepaid IT expense                            667,827
            Miscellaneous prepaids                      1,231,073
            Construction in progress                  242,783,806

         TOTAL SCHEDULED ASSETS                    $8,129,515,432
                                                  ===============

C.      Property Claimed as Exempt                          None

D.      Secured Claims
            Tennessee Valley Authority
               Interest                                     7,233
               Principal                                1,257,108
            Others                                        Unknown

E.      Unsecured Priority Claims                        Unknown
            
F.      Unsecured NonPriority Claims
            AB Automotive Inc.                          5,138,134
            Advance Micro Devises EFT                   2,225,112
            Alps Automotive Inc.                        6,004,403
            Aluminum Co of America                      3,003,071
            Ambrake Corp                                4,936,708
            American Axle & MFG Inc EFT                 5,581,092
            Analog Devises Inc.                         1,944,374
            Arabian Battery Holding Co.                 6,468,602
            Asec Manufacturing Sales                    5,126,962
            AT&T Solutions                              2,064,301
            ATS Automation Tooling Sys. EFT             2,417,864
            AW Transmission Engineering                10,404,500
            Bosh Braking Systems Corp. EFT              6,127,908
            C Mac Microcircuits USA Inc.                2,097,900
            Calsonic N America Inc.                     3,434,228
            Camcar Div. Of Textron Inc.                 2,410,087
            Carlisle Engineering Prods.                 4,553,858
            Cataler North America Corp. EFT             4,041,686
            Consumers Energy MI                         2,342,253
            Contech EFT                                 3,230,281
            Cordaflex SA DE CV                          2,665,745
            Corus LP                                    3,841,054
            Monroe Indust. Devt. Agency                 2,884,000
            Das Japan Jdas                              5,719,101
            Delco Electronics Europe                    2,629,866
            Delphi Auto. Sys. (Holding), Inc.         704,263,637
            Delphi Auto Systems, S.A.                  16,960,146
            Delphi Auto Sys. Risk Management            6,340,970
            Delphi Auto Sys. Human Resources          166,302,107
            Delphi Auto Sys. Singapore PE LTD.          6,385,076
            Delphi Auto Systems DO Brasil LTDA          5,151,189
            Delphi Corporation                      3,637,705,568
            Delphi De Mexico SA DE CV                 204,882,296
            Delphi Delco Austria                        2,511,264
            Delphi Diesel Sys. Corp.                  371,645,798
            Delphi France                               6,940,678
            Denso Sales California Inc EFT              2,784,015
            DMC 2 Canada Corp.                         10,578,484
            Electronic Data Systems                    11,438,935
            Engelhard Corp.                             4,233,182
            Freescale Semiconductor Inc. EF            21,898,208
            Fujikoki America Inc.                       2,752,069
            Fujitsu Ten Corporation                     5,111,966
            Futaba Corp. of America                     4,003,868
            GE Co. Plastics Business Group              3,622,981
            General Motors Corporation                 24,267,113
            Harco Brake Systems Inc.                    2,104,674
            Hitachi Auto Products USA Inc.              5,721,970
            Hitachi Chemical Asia Pacific               5,367,444
            Hydro Aluminum Adrian                       2,179,839
            Ina USA Corp.                               2,419,346
            Infineon Technologies                       6,330,865
            ISI of Indiana Inc.                         5,630,138
            Johnson Electric North                      2,663,887
            KOA Speer Electronics Inc.                  2,085,918
            Korea Delphi Automotive Sys.                5,039,378
            Litterland Collection Center De             2,974,015
            Meadville Forging Co                        2,877,991
            Methode Electronics Inc.                    4,935,911
            Mitsubishi Electric Auto America            5,287,763
            Molex Inc.                                  7,884,692
            Motorola Auto & Indust. Elect. Grp          2,200,781
            Murata Electronics NA Inc.                  3,475,068
            NEC Electronics Inc.                        9,463,995
            Niles USA Inc.                              4,051,197
            Ogura Corp. EFT                             2,041,344
            Olin Corp.                                  8,975,568
            Olson International Co.                     2,410,399
            Panasonic Auto Elect. Co.                   8,675,490
            PBR Automotive USA LLC                     10,463,201
            Pechiney Rolled Products                    3,883,043
            Philips Optical Storage                     2,104,976
            Philips Semiconductors                      5,066,401
            Pioneer Ind'L Components                    5,041,054
            Robert Bosh Corporation                    10,232,453
            SBC Ameritech                               3,119,818
            Semiconductor Components                    5,351,943
            SGS Thomson                                 7,588,202
            Sharp Electronics Corp.                     9,288,467
            Siemens Automotive Corporation              2,900,422
            Siemens VDO Auto                            3,324,261
            Siemens Vdo Auto Inc. EFT                   9,456,883
            Selectron De Mexico SA DE CV                5,191,780
            Strattec Security Corp.                     3,413,887
            TDK Corporation of America EFT              5,045,680
            TESA AG                                     2,293,173
            Texas Instruments Inc.                      5,982,758
            TI Group Automotive Sys                     4,505,174
            Traxle Mfg Ltd.                             4,805,406
            Tyco Electronics Corp.                     10,079,503
            Unigraphics Solutions Inc.                  2,034,822
            Visteon Auto Sys EFT                        2,065,412
            Wamco Inc.                                  2,194,626
            Waupaca Foundry Inc.                        6,672,542
            Others                                    500,401,556

         TOTAL SCHEDULED LIABILITIES               $6,059,642,099
                                                  ===============

A full text copy of Delphi Automotive Systems' list of Interests
in Insurance Policies claims is available for free at:

              http://ResearchArchives.com/t/s?4e6

A full text copy of Delphi Automotive Systems' list of Stock and
Interests is available for free at:

              http://ResearchArchives.com/t/s?4e7

A full text copy of Delphi Automotive Systems' list of Other
contingent & unliquidated claims is available for free at:

             http://ResearchArchives.com/t/s?4e5

A full text copy of Delphi Automotive Systems' list of Unsecured
Priority Claims is available for free at:

             http://ResearchArchives.com/t/s?4e4   

Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of    
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology.  The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide.  The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481).  John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts.  As of
Aug. 31, 2005, the Debtors' balance sheet showed $17,098,734,530
in total assets and $22,166,280,476 in total debts. (Delphi
Bankruptcy News, Issue No. 14; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


DELPHI CORP: DAS Holding Files Schedules of Assets and Liabilities
------------------------------------------------------------------

A.      Real Estate                                          None

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

B.12    Stock and Interests                        $2,890,600,762
B.13    Interests in partnerships                    Undetermined

B.17    Other liquidated debts owed
            United Kingdom                                 35,230
            Delphi Automotive Systems LLC             704,263,637
            Delco Electronics Overseas Corp.           12,124,781
            Delphi Diesel Sys Ltd U.K.                 10,692,003
            Delphi Diesel Sys - Stonehouse UK           5,777,411
            Delphi Diesel Sys - Sudbury UK              9,269,543

         TOTAL SCHEDULED ASSETS                    $3,632,763,373
                                                  ===============

C.      Property Claimed as Exempt                           None

D.      Secured Claims
            JPMorgan Chase Bank, N.A.                     Unknown
            Mercedes-Benz U.S. Int'l Inc.                 Unknown

E.      Unsecured Priority Claims                         Unknown

F.      Unsecured NonPriority Claims
            Delphi Automotive Systems, LLC            453,162,430
            Delphi International Services Inc.              1,000
            Exhaust Systems Corp.                      21,300,000
            Others                                        Unknown

         TOTAL SCHEDULED LIABILITIES                 $474,463,430
                                                    =============

A full text copy of DAS Holding's list of Interests in Insurance
Policies claims is available for free at:

              http://ResearchArchives.com/t/s?4eb

A full text copy of DAS Holding's list of Interests in
Partnerships is available for free at:

              http://ResearchArchives.com/t/s?4ec

A full text copy of DAS Holding's list of Unsecured Priority
Claims is available for free at:

              http://ResearchArchives.com/t/s?4ed

Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of    
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology.  The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide.  The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481).  John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts.  As of
Aug. 31, 2005, the Debtors' balance sheet showed $17,098,734,530
in total assets and $22,166,280,476 in total debts. (Delphi
Bankruptcy News, Issue No. 14; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


DELPHI CORP: Delco Electronics Files Schedules of Assets and Debts
------------------------------------------------------------------

A.      Real Estate                                          None

B.      Personal Property
B.1     Cash on hand                                      $39,576
B.2     Bank accounts
            Bank One, Illinois                              1,920
B.9     Interests in Insurance Policies              Undetermined

B.15    Accounts receivable
            A/R - Trade                                12,443,329
            A/R - Intercompany                          9,253,084
            Allowances                                         (1)
B.17    Other liquidated debts owed
            Sandfile Ltd.                                 352,900
            Delphi Auto Systems UK Ltd.                11,340,815
B.26    Office Equipment                                  129,477
B.27    Machinery, furniture and fixtures
            Machinery and equipment                    10,403,632
            Leasehold improvements                          7,895
B.28    Inventory                                       6,597,663
B.33    Other personal property
            Prepaid expenses                              247,596
            Construction in process                     7,347,455

         TOTAL SCHEDULED ASSETS                       $58,165,340
                                                     ============

C.      Property Claimed as Exempt                           None

D.      Secured Claims
            JPMorgan Chase Bank, N.A.                     Unknown

E.      Unsecured Priority Claims
            HM Customs & Excise                           Unknown
            Inland Revenue                                Unknown
            Internal Revenue Service                      Unknown

F.      Unsecured NonPriority Claims
            Delphi Automo Systems (Holding), Inc.      12,124,781
            Delphi Automotive Systems, LLC             15,844,894
            Delphi Corp.                                6,500,000
            Delphi Diesel Sys France                    1,830,000
            Others                                      1,594,264

         TOTAL SCHEDULED LIABILITIES                  $37,893,939
                                                     ============

A full text copy of Delco Electronics' list of Interests in
Insurance Policies claims is available for free at:

               http://ResearchArchives.com/t/s?4ea  

Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of    
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology.  The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide.  The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481).  John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts.  As of
Aug. 31, 2005, the Debtors' balance sheet showed $17,098,734,530
in total assets and $22,166,280,476 in total debts. (Delphi
Bankruptcy News, Issue No. 14; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


INTERSTATE BAKERIES: Posts $9.6M Net Loss for Period Ended Dec. 10
------------------------------------------------------------------

          Interstate Bakeries Corporation and Subsidiaries
           Unaudited Consolidated Monthly Operating Report
                 Four Weeks Ended December 10, 2005

REVENUE

Gross Income                                         $223,768,853
Less Cost of Goods Sold
       Ingredients, Packaging, & Outside Purchasing    54,021,027
       Direct & Indirect Labor                         42,969,685
       Overhead & Production Administration            13,183,151
                                                     ------------
       Total Cost of Goods Sold                       110,173,863
                                                     ------------
          Gross Profit                               $113,594,990
                                                     ------------

OPERATING EXPENSES

Owner-Draws/Salaries                                            -
Selling & Delivery Employee Salaries                  $56,461,362
Advertising and Marketing                               4,021,367
Insurance (Property, Casualty, & Medical)              13,936,079
Payroll Taxes                                           4,768,621
Lease and Rent                                          3,717,144
Telephone and Utilities                                 1,242,538
Corporate Expense (Including Salaries)                  6,768,500
Other Expenses                                         29,259,580
                                                     ------------
       Total Operating Expenses                      $120,175,191
                                                     ------------
EBITDA                                                ($6,580,201)

Restructuring & Reorganization Charges                 (6,049,278)
Depreciation and Amortization                           5,717,337
Other Income                                               (1,916)
Gain/Loss Sale of Property                                      -
Interest Expense                                        3,873,560
                                                     ------------
Operating Income (Loss)                               (10,119,904)

Income Tax Expense (Benefit)                             (423,057)
                                                     ------------
Net Income (Loss)                                     ($9,696,847)
                                                     ============

CURRENT ASSETS
       Accounts Receivable at end of period          $151,009,502
       Increase (Decrease) in Accounts Receivable      (5,991,166)
       Inventory at end of period                      60,384,752
       Increase (Decrease) in Inventory for period     (1,815,015)
       Cash at end of period                          137,487,863
       Increase (Decrease) in Cash for period           2,668,489
       Restricted Cash                                 31,352,571
       Increase (Dec.) in Restricted Cash for period   11,429,522

  LIABILITIES
       Increase (Decrease) in Liabilities
          Not Subject to Compromise                     8,024,134
       Increase (Decrease) in Liabilities
          Subject to Compromise                          (214,062)
       Taxes payable:
          Federal Payroll Taxes                        11,403,114
          State/Local Payroll Taxes                     6,012,773
          State Sales Taxes                               710,787
          Real Estate and Personal Property Taxes      17,007,102
          Other                                         6,298,230
                                                     ------------
          Total Taxes Payable                         $41,432,006
                                                     ============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R).  The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts.  (Interstate Bakeries
Bankruptcy News, Issue No. 35; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


KUSHNER-LOCKE: Releases November 2005 Monthly Operating Reports
---------------------------------------------------------------
On Jan. 31, 2005, The Kushner-Locke Company and its debtor-
affiliates filed their unaudited November 2005 Monthly Operating
Reports with the U.S. Bankruptcy Court for the Central District of
California, Los Angeles Division.

For the month ending Nov. 31, 2005, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses           70,864
      Total Non-Operating Expenses       11,500
      Net Income (Loss)                ($82,364)

For the period from Nov. 1, 2005, through Nov. 30, 2005, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,592,593          $76,341
      Total Receipts              30,923           97,000
      Total Disbursements         97,000           82,313
      Ending Balance          $1,526,516          $91,027

Full-text copies of The Kushner-Locke Company's November 2005
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

                http://ResearchArchives.com/t/s?4ef

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?4ee

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central
District of California.  The cases are jointly administered under
case number 01-44828.


MCLEODUSA INC: Files Summary of Cash Receipts for Dec. 1-15, 2005
-----------------------------------------------------------------

                MCLEODUSA INCORPORATED AND SUBSIDIARIES
            Summary of Cash Receipts and Cash Disbursements
                  For period December 1 to 15, 2005

Cash, beginning of month                            $25,774,588

Receipts:
Receipts from operations                             26,187,718

Disbursements:
Net payroll                                          (2,467,602)
Payroll taxes                                        (1,047,739)
401K                                                   (271,834)
Commissions                                             (66,740)
Health/Dental/Prescription/vision/other benefits       (562,297)
Asset purchases                                        (482,106)
Line costs (cost of service)                        (15,934,145)
Maintenance and repairs                                (623,226)
Rents                                                (1,374,433)
Federal Universal Service Fund                         (652,218)
State and local taxes (sales, use, excise, etc.)     (2,088,889)
Utilities                                              (340,137)
Deferred Line Installation charges                     (302,263)
Charges incurred in connection with reorganization     (402,033)
Other                                                (1,427,835)
                                                      ----------
Total Disbursements                                 (28,043,497)

Net Disbursements for the Current Period             (1,855,779)

Ending Balance in U.S. Bank                           7,704,824
Ending Balance in Wells Fargo                           155,673
Ending Balance in JP Morgan                          16,058,312
Ending Balance in All Accounts                      $23,918,809

A full-text copy of McLeodUSA Incorporated and its debtor-
subsidiaries' Monthly Operating Report for the period December 1
to 15, 2005, is available for free at:

    http://bankrupt.com/misc/McleodUSA_December1-15MOR.pdf

Headquartered in Cedar Rapids, Iowa, McLeodUSA Incorporated --
http://www.mcleodusa.com/-- provides integrated communications
services, including local services in 25 Midwest, Southwest,
Northwest and Rocky Mountain states.  The Debtor and its
affiliates filed for chapter 11 protection on Oct. 28, 2005
(Bankr. N.D. Ill. Case Nos. 05-53229 through 05-63234).  Peter
Krebs, Esq., and Timothy R. Pohl, Esq., at Skadden, Arps, Slate,
Meagher and Flom, represent the Debtors in their restructuring
efforts.  As of June 30, 2005, McLeodUSA Incorporated reported
$674,000,000 in total assets and $1,011,000,000 in total debts.

McLeodUSA Inc. previously filed for chapter 11 protection on
Jan. 30, 2002 (Bankr. D. Del. Case No. 02-10288).  The Court
confirmed the Debtor's chapter 11 plan on April 5, 2003, and
that Plan took effect on April 16, 2002.  The Court formally
closed that case on May 20, 2005.  (McLeodUSA Bankruptcy News,
Issue No. 9 Bankruptcy Creditors' Service, Inc., 215/945-7000).


O'SULLIVAN IND: Files December 2005 Monthly Operating Report
------------------------------------------------------------

                    O'Sullivan Industries, Inc.
                  Cash Receipts and Disbursements
                   Month Ended December 31, 2005

Funds at the beginning of period                       $313,990

Receipts:
   Cash Sales                                                 -
      Less: Refunds                                           -
                                                    -----------
      Net Cash Sales                                          -

   Collection of postpetition accounts receivable             -
   Collection of prepetition accounts receivable     16,293,898
   Other receipts                                    26,379,063
                                                    -----------
      Total Receipts                                 42,672,961
                                                    -----------
Total Cash Available for Operations                 $42,986,951
                                                    ===========

Disbursements:
   U.S. Trustee quarterly fee                                 -
   Net payroll                                        3,225,866
   Payroll taxes paid                                 1,227,055
   Professional fees                                    487,284
   Other taxes                                          413,405
   Rent & equipment rent                                 72,768
   Other leases                                         105,339
   Telephone                                             32,857
   Utilities                                            152,436
   Travel and entertainment                             173,820
   Vehicle expenses                                       6,791
   Office expenses                                       16,687
   Advertising                                           11,155
   Insurance                                            607,002
   Freight                                            1,709,718
   Job-cost raw materials                             8,470,327
   Foreign bank fees                                      1,120
   Repairs & maintenance                                968,040
   Payments to Secured Creditors                              -
   Employee benefits                                    373,255
   Other expenses                                     1,203,953
   Transfers                                         23,712,269
                                                    -----------
      Total Disbursements                            42,971,148
                                                    -----------
Ending Cash Balance                                     $15,803
                                                    ===========

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 Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  On Sept. 30, 2005, the Debtor listed $161,335,000 in
assets and $254,178,000 in debts.  (O'Sullivan Bankruptcy News,
Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000)


O'SULLIVAN IND: Furniture Files December 2005 Monthly Report
------------------------------------------------------------

             O'Sullivan Furniture Factory Outlet, Inc.
                  Cash Receipts and Disbursements
                    Month Ended December 31, 2005

Funds at the beginning of period                         $4,232

Receipts                                                  1,866
                                                    -----------
   Total Receipts                                         1,866
                                                    -----------
Total Cash Available for Operations                      $6,098
                                                    ===========

Disbursements:
   Other expenses                                            75
   Transfers                                              6,023
                                                    -----------
      Total Disbursements                                 6,098
                                                    -----------
Ending Cash Balance                                          $0
                                                    ===========

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 Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  On Sept. 30, 2005, the Debtor listed $161,335,000 in
assets and $254,178,000 in debts.  (O'Sullivan Bankruptcy News,
Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000)


O'SULLIVAN IND: Holdings Reports $0 Cash Receipts in Dec. 2005
--------------------------------------------------------------
O'Sullivan Industries Holdings, Inc., reports $0 cash receipts
and disbursements for the period from Dec. 1 to 31, 2005.

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 Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  On Sept. 30, 2005, the Debtor listed $161,335,000 in
assets and $254,178,000 in debts.  (O'Sullivan Bankruptcy News,
Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000)


O'SULLIVAN IND: Virginia Reports $15K Ending Balance in Dec. 2005
-----------------------------------------------------------------
O'Sullivan Industries Virginia, Inc., reports that its cash
available for operations totals $15,066 for the period December 1
to 31, 2005.  O'Sullivan Virginia did not make any disbursements.

O'Sullivan Virginia had $15,066 in ending cash balance for the
period.

O'Sullivan Virginia held $15,034 at the beginning of the period.

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 Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  On Sept. 30, 2005, the Debtor listed $161,335,000 in
assets and $254,178,000 in debts.  (O'Sullivan Bankruptcy News,
Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000)


REFCO INC: F/X Associates Files Schedules of Assets and Debts
-------------------------------------------------------------

A.     Real property                                         $0

B.     Personal property
B.1    Cash on hand                                           0
B.2    Bank accounts
          Credit Suisse First Boston                          0
          Fleet Bank of New York                     10,458,928
          HK and Shanghai Banking Corp.              31,170,522
          Wachovia Bank, NA                           8,954,283
B.12   Stock interests
          Investment in subsidiary                   66,540,046
B.15   Accounts receivable
          Lind-Waldock & Company                            495
          Refco (Singapore) PTE Ltd. and Refco
             Hong Kong Ltd.                           3,155,159
          Refco Administration LLC                            0
          Refco Canada Company                        5,615,212
          Refco Capital, LLC                            646,334
          Refco Capital Markets Ltd.                 85,437,772
          Refco, Inc. TBD                             2,189,997
          Refco Securities, LLC                         893,054
          Refco, LLC                                      7,766
B.20   Other contingent & unliquidated claims      undetermined
B.21   Patents, copyrights & trademarks                       0

       TOTAL SCHEDULED ASSETS                      $215,059,568
                                                  =============

C.     Property claimed as exempt                Not applicable

D.     Secured claims
          Bank of America, N.A.                    $643,718,955

E.     Unsecured priority claims                              0

F.     Unsecured non-priority claims
          Senior subordinated notes
             Wells Fargo Corporate Trust Services   397,404,658
          Intercompany liabilities:
             Refco Administration LLC                   (18,937)
             Refco Capital LLC                             (610)
             Refco Capital Markets Ltd.              (1,270,014)
             Refco LLC                                  (85,139)
             Refco Securities, LLC                     (359,032)
          Litigation claims                        undetermined
          Potential indemnification obligations    undetermined
          Independent broker obligations           undetermined

       TOTAL SCHEDULED LIABILITIES               $1,042,857,345
                                                ===============

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


REFCO INC: Group Ltd. Files Schedules of Assets and Liabilities
---------------------------------------------------------------

A.     Real property                                         $0

B.     Personal property
B.1    Cash on hand                                           0
B.3    Security deposits
          Con Edison                                        260
          Museum Tower Condominiums                      30,750
B.5    Books, art work & collectibles                 7,990,894
B.12   Stock interests
          Investment in subsidiary                   99,652,000
B.13   Interests in partnerships                   undetermined
B.15   Accounts receivable
          Refco (Singapore) PTE Ltd.                  2,050,000
          Refco Capital Holdings, LLC                 1,909,996
          Refco Capital, LLC                         27,282,699
          Refco Capital Markets Ltd.                          0
          Refco Europe Ltd.                             842,790
          Refco Fixed Assets Management LLC                   0
          Refco Global Finance Ltd.                  22,482,827
          Refco, LLC                                 16,833,402
          Refco Securities, LLC                      25,039,000
          Refco Securities, S.A.                      1,339,863
          Refco Trading Services (UK) Ltd.           58,787,251
          Refco, Inc.                                12,883,040
B.20   Other contingent & unliquidated claims      undetermined
B.33   Other personal property
          Exclusive agreement dated August 31,
          2005, between Refco Group Ltd., LLC
          and Cargill Incorporated                 undetermined

       TOTAL SCHEDULED ASSETS                      $277,124,772
                                                  =============

C.     Property claimed as exempt                Not applicable

D.     Secured claims
          Bank of America, N.A.                    $643,718,955

E.     Unsecured priority claims                   undetermined

F.     Unsecured non-priority claims
          Senior subordinated notes
             Wells Fargo Corporate Trust Services   397,404,658
          Intercompany liabilities:
             Refco (Singapore) PTE Ltd.                       0
             Refco Capital Holdings LLC              (5,173,708)
             Refco Capital LLC                     (977,759,834)
             Refco Capital Markets Ltd.            (608,377,809)
             Refco Europe Ltd.                       (3,728,225)
             Refco Fixed Assets Management LLC       (2,765,344)
             Refco Global Finance Ltd.                        0
             Refco LLC                              (15,576,767)

          Litigation claims                        undetermined
          Potential indemnification obligations    undetermined
          Potential other liabilities              undetermined

       TOTAL SCHEDULED LIABILITIES               $2,654,505,299
                                                ===============

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. 21; 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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