TCR_Public/060325.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, March 25, 2006, Vol. 10, No. 72

                             Headlines

AMES DEPARTMENT: Posts $777,000 Net Loss in December 2005
ANCHOR GLASS: Posts $3 Million Net Loss in January 2006
AOL LATIN: Files Monthly Operating Report for January 2006
AOL LATIN: Files Monthly Operating Report for February 2006
FOAMEX INTERNATIONAL: Earns $4.4 Million in February 2006

GARDENBURGER INC: Posts $432,888 Net Loss in February 2006
KUSHNER-LOCKE: January 2006 Monthly Operating Reports
OWENS CORNING: Earns $228 Million for the Month of December 2005
SAINT VINCENTS: Posts $5.7 Million Net Loss in January 2006

                             *********

AMES DEPARTMENT: Posts $777,000 Net Loss in December 2005
---------------------------------------------------------

          Ames Department Stores, Inc., and Subsidiaries
          Unaudited Consolidated Condensed Balance Sheets
                        At December 31, 2005
                          (In Thousands)

ASSETS
Current Assets:
           Cash and cash equivalents                     $13,439
           Restricted cash                                58,439
           Receivables                                     1,560
                                                      ----------
Total current assets                                      73,438
Fixed Assets                                                   -
                                                      ----------
Total Assets                                             $73,438
                                                      ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
          Accounts payable:
          Trade                                           50,483
          Other                                           10,474
                                                      ----------
Total accounts payable                                    60,957

Self-insurance reserves                                   26,741
Accrued expenses                                          19,040
Liabilities subject to compromise                        843,449
                                                      ----------
Total liabilities                                        950,187

Stockholders' equity (deficit)
          Common stock                                       295
          Additional paid-in capital                     533,393
          Accumulated deficit                         (1,409,515)
          Treasury stock                                    (922)
                                                      ----------
Total stockholders' deficit                             (876,749)
                                                      ----------
Total liabilities and stockholders' deficit              $73,438
                                                      ==========


          Ames Department Stores, Inc., and Subsidiaries
     Unaudited Consolidated Condensed Statements of Operations
             For the Five Weeks Ended December 31, 2005
                           (In Thousands)

Total revenue                                               $657

Costs and expenses
          Wind down expenses and other costs               1,359
          Gain on Sale of Assets
          Write off of excess reserves                         -
          Professional fees                                   75
                                                      ----------
Income (Loss) before income taxes                           (777)
Income tax provision                                           -
                                                      ----------
Net Income (Loss)                                          ($777)
                                                      ==========


          Ames Department Stores, Inc., and Subsidiaries
     Unaudited Consolidated Condensed Statements of Cash Flows
             For the Five Weeks Ended December 31, 2005
                           (In Thousands)

Cash flows from operating activities:
          Net income (loss)                                ($777)
          Expenses not requiring the outlay of cash:
             Gain on the sale of assets

Cash provided by operations                                 (777)

Changes in working capital:
          Increase in receivables                           (230)
          Decrease in accrued exp. and other liabilities    (309)
          Decrease in accounts payable                    (2,199)
          Decrease in Restricted Cash                         20
                                                      ----------
Net cash provided by operating activities                 (3,459)
Cash flows from financing activities:
          Change in liabilities subject to compromise      2,803
          Proceeds from the sale of assets
                                                      ----------
Net cash used by financing activities                      2,803

Decrease in cash and cash equivalents                       (692)
Cash and cash equivalents, beginning of period            14,131
                                                      ----------
Cash and cash equivalents, end of period                 $13,439
                                                      ==========

Ames Department Stores filed for chapter 11 protection on Aug. 20,
2001 (Bankr. S.D.N.Y. Case No. 01-42217).  Albert Togut, Esq.,
Frank A. Oswald, Esq. at Togut, Segal & Segal LLP and Martin J.
Bienenstock, Esq., and Warren T. Buhle, Esq., at Weil, Gotshal &
Manges LLP represent the Debtors in their restructuring efforts.  
Richard Nevins, Jr., at Jefferies & Company, Inc., gives financial
advisory services to the Debtors.  Scott L. Hazan, Esq., at
Otterbourg Steindler Houston & Rosen P.C., gives legal advice to
the Official Committee of Unsecured Creditors and Dominic DiNapoli
at PriceWaterhouseCoopers LLP gives financial advisory services to
the Committee.  When the Company filed for protection from their
creditors, they listed $1,901,573,000 in assets and $1,558,410,000
in liabilities.  (AMES Bankruptcy News, Issue No. 76; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


ANCHOR GLASS: Posts $3 Million Net Loss in January 2006
-------------------------------------------------------

                 Anchor Glass Container Corporation
      Unaudited Statement of Operations and Comprehensive Loss
                For the month ending January 31, 2006
                            (In Thousands)

Net Sales                                               $52,811

Costs and Expenses
    Costs of products sold                               50,945
    Selling and administrative expenses                   1,601
    Restructuring charges                                   113
                                                    -----------
Income from operations                                      265

Reorganization items                                     (1,692)
Other expense, net                                          (70)
Interest expense                                         (1,515)
                                                    -----------
Net Loss                                                ($3,012)
                                                    ===========

The Debtor did not file its balance sheet as of January 31, 2006.

Headquartered in Tampa, Florida, Anchor Glass Container
Corporation is the third-largest manufacturer of glass containers
in the United States.  Anchor manufactures a diverse line of flint
(clear), amber, green and other colored glass containers for the
beer, beverage, food, liquor and flavored alcoholic beverage
markets.  The Company filed for chapter 11 protection on Aug. 8,
2005 (Bankr. M.D. Fla. Case No. 05-15606).  Robert A. Soriano,
Esq., at Carlton Fields PA, represents the Debtor in its
restructuring efforts.  Edward J. Peterson, III, Esq., at
Bracewell & Guiliani, represents the Official Committee of
Unsecured Creditors.  When the Debtor filed for protection from
its creditors, it listed $661.5 million in assets and $666.6
million in debts.  (Anchor Glass Bankruptcy News, Issue No. 21;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


AOL LATIN: Files Monthly Operating Report for January 2006
----------------------------------------------------------
On Feb. 17, 2006, America Online Latin America, Inc., and its
debtor-affiliates, filed their monthly operating report for the
month ended January 2006, with the United States Bankruptcy
Court for the District of Delaware.

For the month ending Jan. 31, 2006, the Company's Income
Statement shows:
                                                  Net Income/
                                      Revenue     (Net Loss)
                                      -------     -----------
America Online Latin                       $0          ($922)
America, Inc.

AOL Latin America Management,         $24,473      ($998,152)
LLC

AOL Puerto Rico Management            $64,354      ($101,529)
Services, Inc.

America Online Caribbean Basin,      $929,628       $443,157
Inc.

At Jan. 31, 2006, the Company's balance sheet shows:

                America Online Latin America, Inc.
                __________________________________

      Current Assets                        $17,403,164
      Total Assets                          611,240,974
      Current Liabilities                     6,130,621
      Total Liabilities                     166,130,621
      Total Stockholders' Equity           $445,110,353


                AOL Latin America Management, LLC
                _________________________________

      Current Assets                        $14,100,443
      Total Assets                           14,171,199
      Current Liabilities                    27,282,726
      Total Liabilities                      27,282,726
      Total Stockholders' Deficit          ($13,111,527)


             AOL Puerto Rico Management Services, Inc.
             _________________________________________

      Current Assets                              ($268)
      Total Assets                              122,363
      Current Liabilities                     6,436,156
      Total Liabilities                       6,452,605
      Total Stockholders' Deficit          [($6,330,242)]


               America Online Caribbean Basin, Inc.
               ____________________________________

      Current Assets                        $20,285,300
      Total Assets                           20,305,625
      Current Liabilities                      (478,170)
      Total Liabilities                        (478,170)
      Total Stockholders' Equity           [$20,783,795]

A full-text copy of America Online Latin America, Inc., and its
debtor-affiliates' Monthly Operating Report for the month ended
Jan. 31, 2006, is available at no charge at:

             http://researcharchives.com/t/s?6e3

Headquartered in Fort Lauderdale, Florida, America Online
LatinAmerica, 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.


AOL LATIN: Files Monthly Operating Report for February 2006
-----------------------------------------------------------
On March 21, 2006, America Online Latin America, Inc., and its
debtor-affiliates, filed their monthly operating report for the
month ended February 2006, with the United States Bankruptcy
Court for the District of Delaware.

For the month ending Feb. 28, 2006, the Company's Income
Statement shows:
                                                  Net Income/
                                      Revenue     (Net Loss)
                                      -------     -----------
America Online Latin                       $0              $8
America, Inc.

AOL Latin America Management,         $25,000       ($722,002)
LLC

AOL Puerto Rico Management            $64,307       ($110,656)
Services, Inc.

America Online Caribbean Basin,      $910,540        $441,620
Inc.

At Feb. 28, 2006, the Company's balance sheet shows:

                America Online Latin America, Inc.
                __________________________________

      Current Assets                        $17,403,172
      Total Assets                          611,240,972
      Current Liabilities                     6,130,621
      Total Liabilities                     166,130,621
      Total Stockholders' Equity          [$445,110,351]


                AOL Latin America Management, LLC
                _________________________________

      Current Assets                        $13,266,400
      Total Assets                           13,319,167
      Current Liabilities                    27,152,695
      Total Liabilities                      27,152,695
      Total Stockholders' Deficit          ($13,833,528)


             AOL Puerto Rico Management Services, Inc.
             _________________________________________

      Current Assets                              ($266)
      Total Assets                              114,800
      Current Liabilities                     6,543,235
      Total Liabilities                       6,557,160
      Total Stockholders' Deficit          [($6,442,360)]


               America Online Caribbean Basin, Inc.
               ____________________________________

      Current Assets                        $19,915,795
      Total Assets                           19,936,120
      Current Liabilities                    (1,289,295)
      Total Liabilities                      (1,289,295)
      Total Stockholders' Equity           [$21,225,415]

A full-text copy of America Online Latin America, Inc., and its
debtor-affiliates' Monthly Operating Report for the month ended
Feb. 28, 2006, is available at no charge at:

         http://researcharchives.com/t/s?6e2

Headquartered in Fort Lauderdale, Florida, America Online
LatinAmerica, 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.


FOAMEX INTERNATIONAL: Earns $4.4 Million in February 2006
---------------------------------------------------------

              Foamex International, et al., as Debtors
                    Consolidated Balance Sheet
                     As of February 28, 2006

                              ASSETS

Current Assets
  Cash                                              $4,563,000
  Accounts Receivable, net                         192,845,000
  Inventory                                        106,996,000
  Other current assets                              21,903,000
                                                  ------------
Total current assets                               326,307,000

Land & land improvements                             4,951,000
Buildings                                           36,619,000
Leasehold improvement                                4,885,000
Machinery & Equipment                              213,719,000
Furniture & Fixtures                                 5,144,000
Auto equipment                                       7,869,000
Computer equipment                                   8,090,000
Construction in progress                             1,598,000
Accumulated depreciation                          (234,049,000
                                                  ------------
Total property plant & equipment, net               98,825,000
        

Goodwill, net                                       86,191,000
Debt Issuance costs, net                             4,788,000
Investment in subsidiaries                          21,466,000
Long-term intercompany receivable                    4,850,000
Other Assets                                        47,775,000
                                                  ------------
Total Assets                                      $590,202,000
                                                  ============

              LIABILITIES & STOCKHOLDERS' DEFICIENCY

Current Liabilities
  Revolver borrowings                             $126,485,000
  Current portion of long-term debt                 86,205,000
  Accounts payable                                  73,648,000
  Intercompany                                         415,000
  Accrued employee costs                            15,984,000
  Accrued rebates                                    9,428,000
  Accrued interest                                   1,470,000
  Other current liabilities                         22,169,000
                                                  ------------
Total current liabilities                          335,805,000

Long-term debt                                         331,000
Intercompany debt                                            0
Liability Subject to Compromise                    640,399,000
Other liabilities                                   20,847,000
                                                  ------------
Total Long-Term Liabilities                        661,578,000
                                                  ------------
Total Liabilities                                  997,383,000

Common stock                                           280,000
Preferred stock                                         15,000
Additional paid-in capital                         102,555,000
Treasury stock                                     (27,780,000)
Partners capital                                             0
Other comprehensive income (loss)                  (36,103,000)
Shareholder loans                                   (9,221,000)
Accumulated deficit                               (436,927,000)
                                                  ------------
                                                  (407,181,000)
                                                  ------------
Liabilities & Stockholders Deficiency             $590,202,000
                                                  ============

             Foamex International, et al., as Debtors
                  Consolidated Income Statement
                  Month Ended February 28, 2006

Gross Sales                                       $114,641,000
Rebates, Discount & Sale Allowance                  (5,823,000
                                                  ------------
Net Sales                                          108,818,000

Material                                            68,842,000
Labor                                                3,940,000
Overhead                                            12,916,000
Freight/Shipping                                     4,463,000
                                                  ------------
Cost of Sales                                       90,161,000
                                                  ------------
Gross Profit                                        18,657,000

Labor & Employee Expense                             3,095,000
Indirect Materials & Samples                           (14,000)
Equipment & Maintenance Expense                         28,000
Facility Expense                                       198,000
Asset Disposal Gain (Loss)                                   0
Travel & Entertainment                                 241,000
Technology                                             188,000
Professional Fees & Services                         1,674,000
Other Miscellaneous Expense                            347,000
Insurance & Tax                                        196,000
Bad debt expense                                       147,000
Bank/Collection Costs                                   80,000
Transportation Cost                                     12,000
Depreciation/Amortization                              301,000
Corp. Cost to COS                                     (685,000)
                                                  ------------
Selling, general & admin expenses                    5,806,000

Restructuring & Impairment Charges                   1,708,000
                                                  ------------
Income from operations                              11,143,000

Interest Expense                                     5,321,000

Equity in earnings of JV & non-debtor subs             153,000
Other Income & (Expense)                                 1,000

Professional Fees                                    1,364,000
Provision/(Gains) - Rejected Contracts                       0
Bankruptcy Filing Fees                                   1,000
Other Expense                                          134,000
Debt Adjustment Gain/Loss                                    0
                                                  ------------
Reorganization Expense (Income)                      1,499,000

Income before Tax                                    4,478,000
Tax Provision                                            1,000
                                                  ------------
Net Income                                          $4,477,000
                                                  ============

Headquartered in Linwood, Pa., Foamex International Inc. --
http://www.foamex.com/-- is the world's leading producer of
comfort cushioning for bedding, furniture, carpet cushion and
automotive markets.  The Company also manufactures high-
performance polymers for diverse applications in the industrial,
aerospace, defense, electronics and computer industries.  The
Company and eight affiliates filed for chapter 11 protection on
Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685 through 05-12693).
Attorneys at Paul, Weiss, Rifkind, Wharton & Garrison LLP,
represent the Debtors in their restructuring efforts.  Houlihan,
Lokey, Howard and Zukin and O'Melveny & Myers LLP are advising the
ad hoc committee of Senior Secured Noteholders.  As of July 3,
2005, the Debtors reported $620,826,000 in total assets and
$744,757,000 in total debts.  (Foamex International Bankruptcy
News, Issue No. 15; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


GARDENBURGER INC: Posts $432,888 Net Loss in February 2006
----------------------------------------------------------
On March 17, 2006, Gardenburger, Inc., filed its monthly operating
report for February 2006, with the U.S. Bankruptcy Court for the
Central District of California, Santa Ana Division.

The Company reported a $432,888 net loss in $4,045,602 of net
revenue for February 2006.

At Feb. 28, 2006, Gardenburger, Inc.'s balance sheet shows:

      Current Assets                         $11,673,149
      Total Assets                            19,937,948
      Total Postpetition Liabilities          11,750,991
      Total Prepetition Liabilities           31,683,395  
      Total Liabilities                       43,434,387
      Total Stockholders' Deficit          [($23,496,439)]

A full-text copy of Gardenburger, Inc.'s Monthly Operating Report
for February 2006 is available at no charge at:

              http://researcharchives.com/t/s?6e7

Headquartered in Los Angeles, California, Gardenburger, Inc. --
http://www.gardenburger.com/-- makes original veggie burgers and   
innovates in meatless, 100% natural, low-fat food products.  The
company distributes its meatless products to more than 35,000
foodservice outlets throughout the United States and Canada.
Retail customers include more than 30,000 grocery, natural food
and club stores.  The company filed for chapter 11 protection on
Oct. 14, 2005 (Bankr. C.D. Calif. Case No. 05-19539).  David S.
Kupetz, Esq., at SulmeyerKupetz, represent the Debtor in its
restructuring efforts.  Marc J. Winthrop, Esq., Robert E. Opera,
Esq., Sean A. O'Keefe, Esq., and Paul J. Couchot, Esq., at
Winthrop Couchot, P.C., represent the Official Committee of
Unsecured Creditors.  When the Debtor filed for protection from
its creditors, it listed $21,379,886 in assets and $39,338,646 in
debts.


KUSHNER-LOCKE: January 2006 Monthly Operating Reports
-----------------------------------------------------
On March 20, 2006, The Kushner-Locke Company and its debtor-
affiliates filed their unaudited January 2006 Monthly Operating
Reports with the U.S. Bankruptcy Court for the Central District of
California, Los Angeles Division.

For the month ending Jan. 31, 2006, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses           82,921
      Total Non-Operating Expenses       50,000

      Net Income (Loss)               ($132,921)

For the period from Jan. 1, 2006, through Jan. 31, 2006, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,411,522         $101,768
      Total Receipts             224,680           85,000
      Total Disbursements         85,000          128,117  
      Ending Balance          $1,551,203          $58,650

Full-text copies of The Kushner-Locke Company's January 2006
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

             http://researcharchives.com/t/s?6e6

Cash Receipts and Disbursements Report:

             http://researcharchives.com/t/s?6e5

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.


OWENS CORNING: Earns $228 Million for the Month of December 2005
----------------------------------------------------------------

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

Current Assets:
    Cash and cash equivalents                        $1,105,263
    Receivables                                         344,804
    Receivables - intercompany                        1,005,742
    Inventories, net of LIFO reserve                    197,828
    Insurance for asbestos litigation claims                  -
    Deferred income taxes                                     -
    Income tax receivable                                   926
    Other current assets                                 43,056
                                                    -----------
Total Current Assets                                  2,697,619

Other Assets:
    Insurance for asbestos litigation claims             84,220
    Restricted cash                                     189,135
    Restricted cash and securities - Fibreboard               -
    Deferred income taxes                             1,430,314
    Goodwill                                             48,568
    Investment in affiliates                             31,413
    Investment in subsidiaries                        2,022,050
    Notes receivable - intercompany                       5,270
    Other non-current assets                            470,480
                                                    -----------
Total Other Assets                                    4,281,450

Plant & Equipment:
    Land                                                 34,268
    Buildings & leasehold improvements                  549,039
    Machinery & equipment                             2,236,188
    Construction in progress                            118,811
    Less: Accumulated Depreciation                    1,638,869
                                                    -----------
Net Plant & Equipment                                 1,299,437
                                                    -----------
TOTAL ASSETS                                         $8,278,506
                                                    ===========

Liabilities not Subject to Compromise:
    Accounts payable & accrued liabilities             $666,441
    Accrued postpetition interest                       735,042
    Intercompany liabilities                          1,140,949
    Short-term debt                                           -
    Long-term debt - current portion                      1,367
                                                    -----------
Total Current Liabilities                             2,543,799

Long-Term Debt                                            9,429

Other:
    Other employee benefits liability                   237,374
    Pension plan liability                              577,334
    Other liability                                     173,286
                                                    -----------
Total Non-Current Liabilities                           987,994
                                                    -----------
Total Postpetition Liabilities                        3,541,222

Prepetition Liabilities:
    Accounts payable and accrued liabilities            270,354
    Other employee benefits liability                   184,107
    Pension plan liability                                    -
    Debt - US bank credit facility                    1,450,986
    Debt - bonds & other                              1,501,013
    Asbestos-related liability                        6,166,734
    Intercompany                                      2,452,666
    Other                                                     -
                                                    -----------
Total Prepetition Liabilities                        12,025,860

Total Liabilities                                    15,567,082

Minority Interest                                            -

Stockholder's Equity:
    Common stock                                        697,252
    Retained deficit                                 (7,656,806)
    Accumulated Comprehensive (Loss)                     (6,287)
    Other                                              (322,735)
                                                    -----------
Net Stockholder's Equity                             (7,288,576)
                                                    -----------
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY             $8,278,506
                                                    ===========

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

Net sales                                              $342,166
Cost of Sales                                           295,729
                                                    -----------
Gross Margin                                             46,437

Operating Expenses:
    Marketing & administrative expenses                  46,099
    Science & technology expenses                          (290)
    Provision for asbestos litigation claims                  -
    Insider compensation                                    823
    Restructure costs                                         -
    Other expenses                                      (40,778)
                                                    -----------
Income (Loss) from Operations                            40,583

Other Expenses:
    Cost of borrowed funds                              199,888
    Other                                                     -
                                                    -----------
Income (Loss) Before Reorganization Items              (159,305)

Reorganization Items:
    Professional fees                                     3,547
    U.S. Trustee quarterly fees                              12
    Interest earned on accum. cash from Chapter 11       (2,859)
    (Gain) Loss from sale of equipment                        -
    (Gain) Loss from settlement of liabilities                -
    Other reorganization expenses                         3,746
                                                    -----------
Total Reorganization Expenses                             4,446
                                                    -----------
Loss Before Income Taxes                               (163,750)
Credit for Income Tax                                  (391,960)
                                                    -----------
Income (Loss) Before Minority Interest and
Equity in Net Income of Affiliates                      228,210

Minority interest                                             -

Equity in net income (loss) of affiliates                   142
                                                    -----------
Net Income (Loss)                                      $228,352
                                                    ===========

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

Cash, Beginning of Month                               $966,280

Receipts:
    Customer receipts                                   443,327
    Intercompany sales                                    5,999
    Loans & advances                                          -
    Sale of assets                                            -
    Other receipts                                       22,441
    Intercompany transfers                              108,504
    Transfers from DIP                                  235,477
                                                    -----------
Total Receipts                                         $815,748

Disbursements:
    Net payroll                                          33,977
    Payroll taxes                                             -
    Sales use & other taxes                               6,713
    Inventory purchases                                 143,082
    Insurance                                             2,316
    Administrative & selling                             56,999
    Other                                               110,000
    Intercompany transfers                               84,156
    Transfers to DIP                                    235,499
    Professional Fees                                     4,023
    U.S. Trustee Quarterly Fees                               -
    Court costs                                               -
    Adjustment                                                -
                                                    -----------
Total Disbursements                                    $676,765
Net Cash Flow                                           138,983
                                                    -----------
Cash -- End of Month                                 $1,105,263
                                                    ===========

Owens Corning -- http://www.owenscorning.com/-- manufactures
fiberglass insulation, roofing materials, vinyl windows and
siding, patio doors, rain gutters and downspouts.  Headquartered
in Toledo, Ohio, the Company filed for chapter 11 protection on
October 5, 2000 (Bankr. Del. Case. No. 00-03837).   Norman L.
Pernick, Esq., at Saul Ewing LLP, represents the Debtors.  Elihu
Inselbuch, Esq., at Caplin & Drysdale, Chartered, represents the
Official Committee of Asbestos Creditors.  James J. McMonagle
serves as the Legal Representative for Future Claimants and is
represented by Edmund M. Emrich, Esq., at Kaye Scholer LLP.  
(Owens Corning Bankruptcy News, Issue No. 127; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


SAINT VINCENTS: Posts $5.7 Million Net Loss in January 2006
-----------------------------------------------------------

                          SVCMC Debtors
               Unaudited Consolidated Balance Sheet
                      As of January 31, 2006

ASSETS
Cash & Cash Equivalents                             $28,760,171
Investments                                                   -
Patients Accounts Receivable, less allowance for
   doubtful accounts                                180,821,675
Accounts Receivable                                  27,900,350
Other Current Assets                                 72,639,484
                                                  --------------
   Total Current Assets                             310,121,680

Depreciation Reserve Funds & Collaterized Assets     13,727,567
Assets Designated for Self-Insurance
   Investments at Market                             45,166,711
Assets whose use is limited -
   Investments at Market                             53,743,259
Other Non-Current Assets                             21,517,245

Land, Buildings & Equipment, net of
   Accumulated Depreciation                         281,448,624
                                                 --------------
    Total Assets                                   $725,725,086
                                                 ==============

LIABILITIES AND NET ASSETS
Liabilities Subject to Compromise:
   HFG Loan                                                   -
   Accounts Payable & Accrued Expenses             $234,975,020
   Estimated Retroactive Payables to
      Third Parties, net                            115,538,829
   Long-term Debt                                   130,655,505
   Long-term Debt, excluding current installments             -
   Estimated Liability for Self-Insurance           228,797,993
                                                 --------------
   Total Liabilities Subject to Compromise          709,967,347

Liabilities Not Subject to Compromise:
   Accrued Salaries & Payroll Taxes Withheld         53,312,828
   Accounts Payables & Accrued Expenses              92,601,236
   Long-term Debt (GE)                              169,000,000
                                                 --------------
   Total Liabilities                              1,024,881,411

Net Assets:
   Unrestricted                                    (356,591,240)
   Temporarily Restricted                            32,795,168
   Permanently Restricted                            24,639,747
                                                 --------------
   Total Net Assets                                (299,156,325)
                                                 --------------
   Total Liabilities & Net Assets                  $725,725,086
                                                 ==============

                          SVCMC Debtors
             Unaudited Consolidated Income Statement
               From January 1 to January 31, 2006

Operating Revenue
   Inpatient                                        $63,137,469
   Outpatient                                        30,468,697
                                                 --------------
      Patient Service Revenue                        93,606,166
                                                 --------------
   Less Provision for Bad Debt                        9,594,154
                                                 --------------
      Net Patient Service Revenue                    84,012,012
                                                 --------------
   Pool Revenue                                       3,851,860
   Capitation                                         7,409,005
   Other                                              8,851,672
                                                 --------------
   Total Operating Revenue                          104,124,549

Operating Expenses:
   Salaries and Wages                                47,283,580
   Fringe Benefits                                   14,591,786
   Supplies and Other                                33,475,104
   Insurance                                          4,491,552
                                                 --------------
   Total Direct Operating Costs                      99,842,021

   Salaries and Wages                                 2,907,568
   Fringe Benefits                                      930,653
   Supplies and Other                                 6,165,051
                                                 --------------
   Total Corporate Allocated                         10,003,272
                                                 --------------
   Total Operating Expense                          109,845,294
                                                 --------------
Interest                                              1,946,654
Depreciation                                          3,601,055
                                                 --------------
   Operating Gain (Loss) Before
      Non-Recurring and/or Unusual Items            (11,268,454)

Non-Recurring and/or Unusual Items:
   Discontinued Operations (St. Mary's)                       -
   St. Mary's Op Pac Rate Adjustment                          -
   ZBEC/HFE Recoveries                                        -
   Restructuring & Bankruptcy Related Costs          (2,680,090)
   Estimated Close-out of St. Mary's                          -
   Hanys Investment Income (SFS INS)                          -
   Prior Period Ambulance Revenue                             -
   Transfer of Equity Foundation                              -
                                                 --------------
   Total Non-Recurring and/or Unusual Items          (2,680,090)
                                                 --------------
   Operating Gain (Loss) After
      Non-Recurring and/or Unusual Items            (13,948,544)
                                                 --------------
Non-Operating Revenue                                 1,810,707
Change in Temporary Restricted Net Assets                93,797
                                                 --------------
   Change in Net Assets                            ($12,044,040)
                                                 --------------
   EBITDA                                           ($5,720,745)
                                                 ==============

                          SVCMC Debtors
                Unaudited Statement of Cash Flows
                From January 1 to January 31, 2006

Cash Flows from Operation Activities:
   Changes in Net Assets                           ($12,044,040)

Adjustments to Reconcile Changes in Net Assets
   to Net Cash Provided by Operating Activities:
   Depreciation & Amortization                        3,604,055
   Gain on Refinancing                                        -
   Change in Unrealized Gains & Losses               (1,346,203)
   Change in Patient's Accounts Receivable           (6,051,456)
   Change in Accounts Receivables, Other              8,165,045
   Change in Prepaid Expenses & Other               (13,953,015)
   Change in Other Non-Current Assets                   792,595
   Change in Accounts Payable &
      Accrued Exp-Prepetition                          (745,276)
   Change in Accounts Payable &
      Accrued Exp-Postpetition                                -
   Change in Accrued Salaries & P/R Taxes                     -
   Change in Est. Retro rec/pay
      from/to third parties                            5,352,392
   Change in Est. Liability for self-insurance         3,742,349
   Change in Other Non-Current Liabilities            (1,206,200)
                                                  --------------
   Net Cash Provided by Operating Activities        (13,689,754)

Cash flows From Investment Activities:
   Sale of Investments, Net                             135,599
   Sale of Assets Whose Use is Limited                 (785,438)
   Acquisition/Sale of Land, Building,
      & Equipment                                      (828,523)
                                                 --------------
   Net Cash Provided by Investing Activities         (1,478,362)

Cash flows From Financing Activities:
   Proceeds/Repayment From/of Working Capital Loan            -
   Proceed from issuance of Long-term debt                    -
   Repayment of Long-term debt                       (1,092,136)
                                                 --------------
   Net Cash (Used) in Financing Activities           (1,092,136)

   Net Increase (Decrease)
      in Cash & Cash Equivalents                    (16,260,252)

   Cash & Cash Equivalents at Beginning of Month     45,020,423
                                                 --------------
   Cash & Cash Equivalents at End of the Month      $28,760,171
                                                 ==============

Headquartered in New York, New York, Saint Vincents Catholic
Medical Centers of New York -- http://www.svcmc.org/-- the   
largest Catholic healthcare providers in New York State, operate
hospitals, health centers, nursing homes and a home health agency.
The hospital group consists of seven hospitals located throughout
Brooklyn, Queens, Manhattan, and Staten Island, along with four
nursing homes and a home health care agency.  The Company and six
of its affiliates filed for chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary
Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will &
Emery, LLP, filed the Debtors' chapter 11 cases.  On Sept. 12,
2005, John J. Rapisardi, Esq., at Weil, Gotshal & Manges LLP took
over representing the Debtors in their restructuring efforts.
Martin G. Bunin, Esq., at Thelen Reid & Priest LLP, represents the
Official Committee of Unsecured Creditors.  As of Apr. 30, 2005,
the Debtors listed $972 million in total assets and $1 billion in
total debts.  (Saint Vincent Bankruptcy News, Issue No. 22;
Bankruptcy Creditors' Service, Inc., 215/945-7000)

                             *********

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                             *********

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,
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Copyright 2006.  All rights reserved.  ISSN: 1520-9474.

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