TCR_Public/060408.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, April 8, 2006, Vol. 10, No. 84

                             Headlines

ADELPHIA COMMS: Incurs $10.2 Million Net Loss in February 2006
ADELPHIA COMMS: Century/ML Files February 2006 Operating Report
ASARCO LLC: Earns $19.4 Million for the Month of February 2006
CATHOLIC CHURCH: Portland Files February 2006 Operating Report
CATHOLIC CHURCH: Spokane Files February 2006 Operating Report

DELPHI CORP: Incurs $136 Million Net Loss in February 2006
ENTERGY NEW ORLEANS: Incurs $3.4 Million Net Loss in February 2006
FLYI INC: Incurs $3,421 Net Loss for the Month of February 2006
FLYI INC: Independence Incurs $5.9 Mil. Net Loss in February 2006
INTEGRATED ELECTRICAL: Incurs $5.4 Mil. Net Loss in February 2006

MERIDIAN AUTOMOTIVE: Incurs $22.8 Mil. Net Loss in December 2005
MERIDIAN AUTOMOTIVE: Incurs $12.7 Million Net Loss in January 2006
MERIDIAN AUTOMOTIVE: Incurs $9.7 Million Net Loss in February 2006
MUSICLAND HOLDING: Files Schedules of Assets and Liabilities
MUSICLAND HOLDING: Purchasing's Schedule of Assets and Liabilities

MUSICLAND HOLDING: Media Play's Schedules of Assets & Liabilities
MUSICLAND HOLDING: Retail's Schedules of Assets and Liabilities
MUSICLAND HOLDING: Group's Schedules of Assets and Liabilities
NORTHWEST AIRLINES: Incurs $496 Million Net Loss in February 2006
TOWER AUTOMOTIVE: Incurs $11.1 Million Net Loss in February 2006

USG CORP: Earns $40.9 Million for the Month of February 2006
WINN-DIXIE: Incurs $7.5 Million Net Loss in March 2006
XYBERNAUT CORP: Incurs $709,388 Net Loss in February 2006

                             *********

ADELPHIA COMMS: Incurs $10.2 Million Net Loss in February 2006
--------------------------------------------------------------

            Adelphia Communications Corporation, et al.
               Unaudited Consolidated Balance Sheet
                     As of February 28, 2006
                      (Dollars in thousands)

                              ASSETS

Cash and cash equivalents                             $465,028
Restricted cash                                         25,917
Accounts receivables - net                             114,610
Receivable for securities                               10,029
Other current assets                                   195,558
                                                   -----------
Total current assets                                   811,142

Restricted cash                                        264,254
Investments in equity affiliates                         7,128
Receivables from non-filing entities                   717,915
Property and equipment - net                         4,181,172
Intangible assets - net                              7,035,222
Other noncurrent assets - net                          100,360
                                                   -----------
Total Assets                                       $13,117,193
                                                   ===========

               LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable                                      $155,329
Subscriber advance payments and deposits                33,323
Accrued liabilities                                    541,325
Deferred income                                         20,537
Current portion of parent and subsidiary debt          916,082
                                                   -----------
Total current liabilities                            1,666,596

Other liabilities                                       26,529
Deferred income                                         56,220
Deferred income taxes                                  749,421
                                                   -----------
Total noncurrent liabilities                           832,170

Liabilities subject to compromise                   18,415,463
                                                   -----------
Total liabilities                                   20,914,229

Minority interests in equity of subsidiary              71,124

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                             (17,410,369)
   Treasury stock, at cost                             (27,937)
                                                   -----------
Total stockholders' equity                          (7,868,160)
                                                   -----------
Total liabilities and stockholders' equity         $13,117,193
                                                   ===========


            Adelphia Communications Corporation, et al.
          Unaudited Consolidated Statements of Operations
                 Month Ended February 28, 2006
                      (Dollars in thousands)

Revenue                                               $362,550
Cost and expenses:
   Direct operating and programming                    208,813
   Selling, general and administrative                  28,970
   Investigation, re-audit and sale transaction co       6,326
   Depreciation and amortization                        69,126
   Impairment of long-lived assets                           -
   Provision for uncollectible amounts from Rigases          -
   Gains on dispositions of long-lived assets           (1,104)
                                                   -----------
Operating income (loss)                                 50,419

Other income (expense):
   Interest expense                                    (49,702)
   Impairment of cost & available for sale investment        -
   Other income (expense) - net                          1,738
                                                   -----------
      Total other expense - net                        (47,964)
                                                   -----------
Loss from continuing operations before reorganization    2,455

Reorganization expenses due to bankruptcy                7,021
                                                   -----------
Loss from continuing operations before income taxes      9,476
Income tax benefit                                           -
Share of losses of equity affiliates - net                  (9)
Minority's interest in subsidiary losses - net             744
                                                   -----------
Net loss                                                10,211
Beneficial conversion feature                                -
                                                   -----------
Net loss applicable to common stockholders             $10,211
                                                   ===========


            Adelphia Communications Corporation, et al.
          Unaudited Consolidated Statements of Cash Flows
             For the Month Ended February 28, 2006
                      (Dollars in thousands)

Cash flows from operating activities:
   Net loss                                            $10,211
   Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:
      Depreciation and amortization                     69,126
      Impairment of long-lived assets                        -
      Provision for uncollectible amounts from Rigases       -
      Gains on disposition of long-lived assets         (1,104)
      Amortization of debt issuance costs                  282
      Impairment of cost & available for sale investments    -
      Provision for settlements                              -
      Reorganization expenses due to bankruptcy         (7,021)
      Deferred tax expense (benefit)                         -
      Share in losses of equity affiliates - net             9
      Minority interest in losses of subsidiaries         (744)
      Other noncash gains                                    -
      Depreciation, amortization and other non-cash
         items from discontinued operations                  -
      Change in operating assets & liabilities          15,155
                                                   -----------
Net cash provided by operating activities before
payment of reorganization expenses                      85,914

Reorganization expenses paid during the period          (2,601)
                                                   -----------
Net cash provided by (used in) operating activities     83,313

Cash flows from investing activities:
   Expenditures for property, plant and equipment      (40,992)
   Changes in restricted cash                           (1,922)
   Proceeds from sale of investments                     1,104
   Other                                                 2,656
                                                   -----------
Net cash used in investing activities                  (39,154)

Cash flows from financing activities:
   Proceeds from debt                                   44,000
   Repayments of debt                                   (3,529)
   Payment of debt issuance costs                            -
                                                   -----------
Net cash provided by financing activities               40,471

Change in cash and cash equivalents cash                84,630

Cash, beginning of period                              380,398
                                                   -----------
Cash, end of period                                $   465,028
                                                   ===========

Headquartered in Coudersport, Pa., 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.  Kasowitz, Benson, Torres & Friedman, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP represent the Official Committee of
Unsecured Creditors.  (Adelphia Bankruptcy News, Issue No. 126;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMS: Century/ML Files February 2006 Operating Report
---------------------------------------------------------------
On March 24, 2006, Century/ML Cable Venture delivered to the
Court a Statement of Account for February:

                         Statement of Account
                 For the Month ended February 28, 2005

     Beginning Balance                                 $2,097,844
     Additions                                              6,446
     Disbursements                                        635,036
                                                       ----------
     Closing Balance                                   $1,469,254
                                                       ==========

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 October 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, Pa., 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.  Kasowitz, Benson, Torres & Friedman, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP represent the Official Committee of
Unsecured Creditors.  (Adelphia Bankruptcy News, Issue No. 126;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


ASARCO LLC: Earns $19.4 Million for the Month of February 2006
--------------------------------------------------------------

                         ASARCO LLC, et al.
                           Balance Sheet
                      As of February 28, 2006


ASSETS
     Current assets:
     Cash                                          $36,023,000
     Net accounts receivable                       107,575,000
     Inventory: lower of cost or market            211,945,000
     Prepaid expenses                               32,201,000
     Deferred income tax assets                              0
                                                --------------
Total current assets                               387,745,000

Net property, plant and equipment                  417,921,000
Other assets
     Investment in subs                             78,431,000
     Prepaid pension and retirement plan            74,743,000
     Non-current deferred tax asset                 40,952,000
     Other                                         108,843,000
                                                --------------
Total assets                                    $1,108,635,000
                                                ==============

LIABILITIES
Postpetition liabilities:
     Accounts payable                              $41,173,000
     Accrued liabilities                            19,074,000
     Debtor-in-possession financing                          0
                                                --------------
Total postpetition liabilities                      60,247,000

Prepetition liabilities:
     Not subject to compromise - credit                995,000
     Not subject to compromise - other             137,573,000
     Subject to compromise                         883,125,000
                                                --------------
Total prepetition liabilities                    1,021,692,000
                                                --------------
Total liabilities                               $1,081,939,000
                                                ==============

OWNERS' EQUITY (DEFICIT)
Common stock                                       508,325,000
Additional paid-in capital                         104,578,000
Other comprehensive income                        (144,217,000)
Retained earnings: filing Date                    (531,769,000)
                                                --------------
Total prepetition owners' equity                   (63,083,000)
Retained earnings: post-filing Date                 89,779,000
                                                --------------
Total owners' equity (net worth)                    26,696,000
                                                --------------
Total liabilities and owners' equity            $1,108,635,000
                                                ==============


                        ASARCO LLC, et al.
                Consolidated Statement of Operations
                    Month Ending February 28, 2006

Sales                                              $55,542,000
Cost of products and services                       34,404,000
                                                --------------
Gross profit                                        21,138,000

Operating expenses:
Selling and general & admin expenses                 2,243,000
Depreciation & amortization                          2,024,000
Provision accretion expense of asset
  retirement obligation                                143,000
                                                --------------
Operating income                                    16,727,000

Interest expense                                       180,000
Interest Income                                       (358,000)
Reorganization Expenses                              1,054,000
Other miscellaneous (income) expenses               (4,034,000)
                                                --------------
Income (loss) before taxes                          19,885,000
Income taxes                                           398,000
                                                --------------
Net income                                         $19,487,000
                                                ==============


                         ASARCO LLC, et al.
             Consolidated Cash Receipts & Disbursements
                    Month Ending February 28, 2006

Receipts                                           $55,991,000
Disbursements:
Inventory material                                   8,148,000
Operating disbursements                             26,458,000
Capital expenditures                                   644,000
                                                --------------
Total disbursements                                 35,250,000

Operating cash flow                                 20,741,000
Reorganization disbursements                         1,047,000
                                                --------------
Net cash flow                                       19,694,000
Net payments to secured Lenders                              0
                                                --------------
Net change in cash                                  19,694,000
Beginning cash balance                              16,329,000
                                                --------------
Ending cash balances                               $36,023,000
                                                ==============

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.  Lehman Brothers Inc. provides the
ASARCO with financial advisory services and investment banking
services.  Paul M. Singer, Esq., James C. McCarroll, Esq., and
Derek J. Baker, Esq., at Reed Smith LLP give legal advice to
the Official Committee of Unsecured Creditors and David J.
Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  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. The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7
Trustee. (ASARCO Bankruptcy News, Issue No. 19; Bankruptcy
Creditors' Service, Inc., 215/945-7000).


CATHOLIC CHURCH: Portland Files February 2006 Operating Report
--------------------------------------------------------------

                          Pastoral Center
                 Archdiocese of Portland in Oregon
                  Statement of Financial Position
                     As of February 28, 2006

ASSETS

Cash and cash equivalents                            $16,050,888
Accounts receivable, net                               2,189,724
Notes, estates and other receivables                  11,970,227
Loans receivable from Archdiocesan entities, net       7,767,060
Loans receivable from Archdiocesan housing entities      531,741
Interest receivable and other assets                     219,954
Inventories                                            1,651,482
Real Property                                            226,688
Deposits and prepaid expenses                             40,532
Investments                                           97,191,986
Advances to Archdiocesan housing entities              1,640,000
Land, buildings, and equipment, net                    7,771,419
                                                  --------------
Total Assets                                        $147,252,701
                                                  ==============

LIABILITIES AND NET ASSETS

Liabilities:
    Prepetition
       Accounts payable                                 $822,302
       Accrued liabilities                             2,222,226
       Funds held for others
          Second Collections                                 (12)
          Short-term investments payable              15,200,680
          Long-term pool investments payable          18,996,236
       Reserve for insurance claims                    2,343,946
       Notes payable                                  10,910,451
       Pre-need liability and reserve                    456,268
       Accrued post-retirement liability               7,607,264
                                                  --------------
    Total Prepetition Liabilities                    $58,559,361
                                                  --------------
    Postpetition
       Accounts payable                                  640,818
       Accrued liabilities                             3,928,754
       Funds held for others
          Second Collections                             376,372
          Short-term investments payable               2,736,074
          Long-term pool investments                   4,530,614
       Reserve for insurance claims                      (15,922)
       Notes payable                                           -
       Pre-need liability and reserve                     28,881
       Accrued post-retirement liability                 404,521
                                                  --------------
    Total Postpetition Liabilities                   $12,630,112
                                                  --------------
      Total Liabilities                              $71,189,473
                                                  --------------
Net Assets:
    Prepetition Net Assets:
       Charitable Trust Assets                        69,963,947
       Other Assets                                   (3,574,186)
                                                  --------------
    Total Prepetition Net Assets                      66,389,761
                                                  --------------
    Postpetition Net Assets:
       Charitable Trust Assets                         6,500,599
       Other Assets                                    3,172,868
                                                  --------------
    Total Postpetition Net Assets                      9,673,467
                                                  --------------
       Total Net Assets                               76,063,228
                                                  --------------
Total liabilities & net assets                      $147,252,701
                                                  ==============


                          Pastoral Center
                 Archdiocese of Portland in Oregon
                      Statement of Activities
              For the month ending February 28, 2006

Revenues, gains and other support
    Annual Catholic Appeal income                         $4,802
    Gross profit on cemetery sales                        56,685
    Contributions, gifts, annuities and bequests          10,641
    Operating support - Oregon Catholic Press                  -
    Investment income and realized gains (losses),
       net of expenses                                 1,137,144
    Change in unrealized gains (losses)               (1,464,389)
    Insurance premiums, net                                    1
    Interest income from loans                            34,262
    Parish assessments                                   251,797
    Other income                                          47,205
    Departmental revenues                                 25,127
    Net assets released from restrictions                      -
                                                  --------------
    Total revenues, gains, and other support            $103,275
                                                  --------------
Expenses and program support:
    Program Services:
       Annual Catholic Appeal program support,
          grants and parish subsidies                    239,952
       Clergy Services                                   155,791
       Catholic Schools                                   41,250
       Pastoral Services                                  46,588
       Evangelization Services                            48,464
       Public Services                                     8,716
       Tribunal Services                                  17,811
       Deposit and loan interest                          31,736
       Insurance program                                 359,707
       Cemetery operating expenses                        69,435
       High School grants/charitable annuities            12,039
       Other program expenses                             66,915
                                                  --------------
          Total program services                      $1,098,404
                                                  --------------
    Supporting Services:
       Archbishop, Vicar General
          and Chancellor Services                         52,158
       Finance & Administration:
          Resource Development                            69,053
          Business Affairs                                 9,350
          Financial Services                              63,612
       Human Resources                                    25,737
       Shared Services                                    25,536
       Occupancy and physical plant expenses              13,282
       Designated funds expense                           10,843
       Bankruptcy expense                                359,305
       Depreciation expense                                    -
                                                  --------------
          Total supporting services                     $628,876
                                                  --------------
          Total expenses and program support          $1,727,280
                                                  --------------
Increase (decrease) in net assets before
    transfers and designations of net assets          (1,624,005)

Fund transfers - in (out)                                     -
Designation of net assets                                     -
                                                  --------------
Increase (decrease) in net assets                    (1,624,005)


Net assets at beginning of year                      77,687,233
                                                  --------------
Net assets at end of year                           $76,063,228
                                                  ==============


                 Archdiocese of Portland in Oregon
            Statement of Cash Receipts and Disbursements
               For the month ending February 28, 2006


Beginning Cash Balance:                              $15,951,278
Add:
    Transfers in                                         693,267
    Receipts Deposited                                 1,925,939
    Other (Return of Direct Deposits)                          -
    Other (Interest Income)                               47,932
                                                  --------------
    Total Cash Receipts                               $2,667,138

Subtract:
    Transfers out                                       (693,267)
    Disbursements by check or debit                   (1,873,253)
    Cash withdrawn                                             -
    Other (Service Charges)                                 (827)
    Other (Misc Check Correction)                              -
    Other (NSF Checks)                                      (180)
    Other (Clear Interfund Rec/Pay)                            -
                                                  --------------
    Total Cash Disbursements                         ($2,567,527)
                                                  --------------
Ending Cash Balance                                 $16,050,890
                                                  ==============

The Archdiocese of Portland in Oregon filed for chapter 11
protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004.  
Thomas W. Stilley, Esq., and William N. Stiles, Esq., at Sussman
Shank LLP, represent the Portland Archdiocese in its restructuring
efforts.  Albert N. Kennedy, Esq., at Tonkon Torp, LLP, represents
the Official Tort Claimants Committee in Portland, and scores of
abuse victims are represented by other lawyers.  David A. Foraker
serves as the Future Claimants Representative appointed in the
Archdiocese of Portland's Chapter 11 case.  In its Schedules of
Assets and Liabilities filed with the Court on July 30, 2004, the
Portland Archdiocese reports $19,251,558 in assets and
$373,015,566 in liabilities.  (Catholic Church Bankruptcy News,
Issue No. 55; Bankruptcy Creditors' Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Spokane Files February 2006 Operating Report
-------------------------------------------------------------

                    Catholic Diocese of Spokane
                           Balance Sheet
                       As of February 28, 2006

ASSETS
    Total Cash Accounts                               $2,195,840
    Total Investments                                  3,879,365
    Total Property                                       495,004
    Total Loans Receivable                             2,845,362
    Total Interfund Loan Receivable                      396,887
    Total Accounts Receivable                             54,116
    Total Land and Buildings & Equip                   2,474,977
    Total Prepaid Expenses                                37,911
                                                  --------------
Total Assets                                         $12,379,461
                                                  ==============

LIABILITIES AND NET ASSETS

Liabilities
    Total Deposits Payable                             6,640,354
    Total Interest Payable                                     0
    Total Accounts Payable                                 7,613

Total Long-term Liabilities                            9,335,400

Net Assets
    Total Unrestricted - Fund Balance                (16,138,387)
    Total Unrestricted Net Assets                    (16,138,387)
    T.R. - Guse Grant Funds                              274,293
    T.R. - Bishop's School Grants Funds                  122,428
    Total Replacement Fund                             9,883,357
    Total Diocesan D&L Funding                         2,176,115
    Total Guatemala Funds                                604,586
    Temporarily Restricted                                   422
                                                  --------------
Total liabilities & net assets                       $12,509,461
                                                  ==============


                    Catholic Diocese of Spokane
                   Income and Expense Statement
               For the month ending February 28, 2006

Total Income                                          $2,356,719
Total Expenses                                         3,951,117
                                                  --------------
Net Excess or Deficit                                 $1,594,398
                                                  ==============

The Diocese of Spokane's Statement of Cash Receipts and
Disbursements for the period February 1 to 28, 2006, shows ending
balance of $2,157,888.  Total cash receipts for the period is
$563,559, while total cash disbursements is $109,598.

A full-text copy of the Diocese's February 2006 monthly operating
report is available for free at:

            http://researcharchives.com/t/s?798

The Roman Catholic Church of the Diocese of Spokane filed for
chapter 11 protection (Bankr. E.D. Wash. Case No. 04-08822) on
Dec. 6, 2004.  Michael J. Paukert, Esq., at Paine, Hamblen,
Coffin, Brooke & Miller, LLP, represents the Spokane Diocese in
its restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $11,162,938 in total assets and
$81,364,055 in total debts. (Catholic Church Bankruptcy News,
Issue No. 55; Bankruptcy Creditors' Service, Inc., 215/945-7000)


DELPHI CORP: Incurs $136 Million Net Loss in February 2006
----------------------------------------------------------

                    Delphi Corporation, et al.
               Unaudited Consolidated Balance Sheet
                     As of February 28, 2006
                          (In Millions)

                              ASSETS
CURRENT ASSETS:         
   Cash and cash equivalents                             $1,129
   Accounts receivable, net:
      General Motors and affiliates                       1,762
      Other third parties                                 1,608
      Non-Debtor subsidiaries                               280
   Notes receivable from non-Debtor subsidiaries            350
   Inventories, net:
      Productive material, work-in-process and supplies     885
      Finished goods                                        304
      Prepaid expenses and other                            230
                                                       --------
      TOTAL CURRENT ASSETS                                6,548
                                                       --------
Long-term assets:
   Property, net                                          2,562
   Goodwill                                                  40
   Other intangible assets                                   40
   Pension intangible assets                                871
   Investments in non-Debtor subsidiaries                 3,050
   Other                                                    719
                                                       --------
   TOTAL ASSETS                                         $13,830
                                                       ========

              LIABILITIES AND STOCKHOLDERS' DEFICIT         

Current liabilities not subject to compromise:
   Note payable to non-Debtor subsidiary                      2
   Accounts payable                                       1,118
   Accounts payable to non-Debtor subsidiaries              479
   Accrued liabilities                                      456
                                                       --------
   TOTAL CURRENT LIABILITIES                              2,055
                                                       --------
Long-term liabilities not subject to compromise:
   Debtor-in-possession financing                           250
   Employee benefit plan obligations and other              530
                                                       --------
   TOTAL LONG-TERM LIABILITIES                              780
                                                       --------
Liabilities subject to compromise                        17,518
                                                       --------
   TOTAL LIABILITIES                                     20,353
                                                       --------
Stockholders' deficit:   
   Common stock                                               6
   Additional paid-in capital                             2,680
   Accumulated deficit                                   (6,979)
   Minimum pension liability                             (2,052)
   Accumulated other comprehensive loss                    (126)
   Treasury stock                                           (52)
                                                       --------
   TOTAL STOCKHOLDERS' DEFICIT                           (6,523)
                                                       --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT             $13,830
                                                       ========


                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Operations
                   Month Ended February 28, 2006
                          (In Millions)

Net sales:                  
   General Motors and affiliates                           $903
   Other customers                                          579
   Intercompany non-Debtor subsidiaries                      52
                                                       --------
Total net sales                                           1,534
                                                       --------
Operating expenses:                  
   Cost of sales, excluding items listed below            1,523
   Selling, general and administrative                       81
   Depreciation and amortization                             59
   Goodwill and long-lived asset impairment charges           -    
                                                       --------
Total operating expenses                                  1,663  
                                                       --------
Operating loss                                             (129)

Interest expense                                            (27)
Other expense, net                                            4
                                                       --------
Loss before reorganization items,  
   income taxes, and equity income                         (152)

Reorganization items                                         (3)
Income tax expense                                            -
Equity income from non-consolidated subsidiaries              3

Equity income from non-Debtor subsidiaries,  
   net of tax                                                16  
                                                       --------
NET LOSS                                                  ($136)
                                                       ========


                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Cash Flows
                  Month Ended February 28, 2006
                          (In Millions)

Cash flows from operating activities:          
   Net loss                                               ($136)
   Adjustments to reconcile net loss to net cash  
    provided by operating activities:          
    Depreciation and amortization                            59
    Pension and other postretirement benefit expenses       132
    Equity income from unconsolidated subsidiaries, net      (3)
    Equity income from non-Debtor subsidiaries, net         (16)
    Reorganization items                                      3
   Changes in operating assets and liabilities:          
    Accounts receivable, net                               (196)
    Inventories, net                                         (4)
    Prepaid expenses and other                              (41)
    Accounts payable, accrued and other long-term debt       91    
    Pension contributions                                    (1)
    Other postretirement benefit payments                   (19)
    Receipts (payments) for reorganization items, net        (7)
    Other                                                    (2)
                                                       --------
       Net cash used in operating activities               (140)
                                                       --------   
Cash flows from investing activities:          
   Capital expenditures                                     (24)
   Proceeds from sale of property                             4
                                                       --------
       Net cash used in investing activities                (20)
                                                       --------
Cash flows from financing activities:          
   Proceeds from revolving credit facility, net               -
   Proceeds from note payable to non-Debtor subsidiary        -
   Repayments of other debt                                  (1)
   Repayment of cash overdraft                                -
                                                       --------
       Net cash used in financing activities                 (1)
                                                       --------
Decrease in cash and cash equivalents                      (161)
Cash and cash equivalents at beginning of period          1,290    
                                                       --------
Cash and cash equivalents at end of period               $1,129
                                                       ========

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.  Robert J.
Rosenberg, Esq., Mitchell A. Seider, Esq., and Mark A. Broude,
Esq., at Latham & Watkins LLP, represents the Official Committee
of Unsecured Creditors.  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. 22; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


ENTERGY NEW ORLEANS: Incurs $3.4 Million Net Loss in February 2006
------------------------------------------------------------------

                     Entergy New Orleans, Inc.
                          Balance Sheet
                     As of February 28, 2006
                         (in thousands)

ASSETS
Current Assets:
Cash and cash equivalents                              $37,504
Temporary cash investments                                   -
                                                   -----------
Total cash and cash equivalents                         37,504

Accounts receivable:
Customer                                                87,697
Allowance for doubtful accounts                        (25,422)
Associated companies                                    16,912
Other                                                    7,478
Accrued unbilled revenues                               14,248
                                                   -----------
Total accounts receivable                              100,913

Deferred fuel costs                                     28,709
Fuel inventory                                           4,714
Materials and supplies                                   8,065
Prepayments and other                                   12,780
                                                   -----------
Total current assets                                   192,685

Other Property and Investments
Investment in affiliates                                 3,259
Non-utility property at cost                             1,107
                                                   -----------
Total other property and investments                     4,366

Utility Plant
Electric                                               692,561
Natural gas                                            189,584
Construction work in progress                          198,084
                                                   -----------
Total Utility Plant                                  1,080,229

Less - accumulated depreciation and amortization       433,215
                                                   -----------
Utility plant - net                                    647,014

Deferred Debits and Other Assets
Regulatory assets:
Other regulatory assets                                169,576
Long term receivables                                    1,812
Other                                                   26,557
                                                   -----------
Total deferred debits and other assets                 197,945
                                                   -----------
TOTAL ASSETS                                        $1,042,010
                                                   ===========

LIABILITIES:

Postpetition liabilities:
Taxes payable                                           $9,538
Accounts payable                                        48,866
DIP credit facility                                     90,000
                                                   -----------
Total postpetition liabilities                         148,404

Current liabilities:
Currently maturing long-term debt                            -
Notes payable                                           15,000
Accounts payable:
Associated companies                                    47,670
Other                                                  234,031
Customer deposits                                       14,934
Taxes accrued                                                -
Accumulated deferred income taxes                        1,895
Interest accrued                                         2,907
Energy efficiency program provision                          -
Other                                                    1,468
                                                   -----------
Total current liabilities                              317,905

Non-current liabilities:
Accumulated deferred income taxes & taxes accrued       65,968
Accumulated deferred investment tax credits              3,500
SFAS 109 regulatory liability - net                     54,300
Other regulatory liabilities                               591
Accumulated provisions                                   8,121
Pension liability                                       37,625
Long-term debt                                         229,862
Other                                                    7,320
                                                   -----------
Total non-current liabilities                          407,287
                                                   -----------
Total Liabilities                                      873,596

Commitments and Contingencies:

SHAREHOLDERS' EQUITY

Preferred stock without sinking fund                    19,780
Common stock, $4 par value, authorized
10,000,000 shares; issued and
outstanding 8,435,900 shares in
2005 and 2004                                           33,744
Paid-in capital                                         36,294
Retained earnings -- prepetition                        99,593
Retained earnings -- postpetition                      (20,997)
                                                   -----------
Total shareholders equity                              168,414
                                                   -----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY          $1,042,010
                                                   ===========


                     Entergy New Orleans, Inc.
                      Statement of Operations
                     Month Ended February 2006
                         (in thousands)

Operating Revenues
Domestic electric                                      $28,835
Natural gas                                             14,673
                                                   -----------
Total operating revenues                                43,508

Operating Expenses:
Operation and maintenance
Fuel                                                    15,639
Purchased power                                         22,903
Other operation and maintenance                          5,369
Taxes other than income taxes                            3,187
Depreciation and amortization                            2,742
Other regulatory charges - net                             445
                                                   -----------
Total operating expenses                                50,285
                                                   -----------
Operating income                                        (6,777)

Other income:
Allowance for equity funds used
during construction                                        724
Interest and dividend income                               272
Miscellaneous - net                                        (69)
                                                   -----------
Total other income                                         967

Interest and other charges:
Interest on long-term debt                                  61
Other interest-net                                         673
Allowance for borrowed funds used
during construction                                       (600)
                                                   -----------
Total interest and other charges                           134

Income (loss) before income taxes                       (5,944)
Income taxes                                            (2,468)
                                                   -----------
NET INCOME                                             ($3,476)
                                                   ===========


                     Entergy New Orleans, Inc.
              Cash Receipts and Disbursement Statement
                    Month Ended February 2006

Beginning cash balance                             $34,221,589

Cash receipts                                       51,927,241
Cash disbursements                                 (48,644,462)
                                                   -----------
Net cash flow                                        3,282,779
                                                   -----------
ENDING CASH BALANCE                                $37,504,368
                                                   ===========

Headquartered in Baton Rouge, Louisiana, Entergy New Orleans Inc.
-- http://www.entergy-neworleans.com/-- is a wholly owned   
subsidiary of Entergy Corporation.  Entergy New Orleans provides
electric and natural gas service to approximately 190,000 electric
and 147,000 gas customers within the city of New Orleans.  Entergy
New Orleans is the smallest of Entergy Corporation's five utility
companies and represents about 7% of the consolidated revenues and
3% of its consolidated earnings in 2004.  Neither Entergy
Corporation nor any of Entergy's other utility and non-utility
subsidiaries were included in Entergy New Orleans' bankruptcy
filing.  Entergy New Orleans filed for chapter 11 protection on
Sept. 23, 2005 (Bankr. E.D. La. Case No. 05-17697).  Elizabeth J.
Futrell, Esq., and R. Partick Vance, Esq., at Jones, Walker,
Waechter, Poitevent, Carrere & Denegre, L.L.P., represent the
Debtor in its restructuring efforts.  When the Debtor filed for
protection from its creditors, it listed total assets of
$703,197,000 and total debts of $610,421,000.  (Entergy New
Orleans Bankruptcy News, Issue No. 14; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


FLYI INC: Incurs $3,421 Net Loss for the Month of February 2006
---------------------------------------------------------------

                                 FLYi Inc.
                        Consolidated Balance Sheet
                          As of February 28, 2006

ASSETS

Current assets
     Cash                                               $185,983
     Short term investments                            1,000,000
     Net accounts receivable                         379,627,553
     IC Notes receivable                               4,252,000
                                                   -------------
     Total Current Assets                           $385,065,536
                                                   -------------
Other assets
     Restricted cash                                           0
     Long term investments                             7,435,000
     Property and equipment, net of depreciation             250
     Intangible assets                                         0
     Debt issuance cost                                        0
     Aircraft deposits                                         0
     Long term deferred tax                                    0
     Other assets                                     14,055,412
                                                   -------------
     Total Other Assets                              $21,490,662
                                                   -------------
     TOTAL ASSETS                                   $406,556,198
                                                   =============
LIABILITIES
Liabilities not subject to compromise                         $0
Liabilities subject to compromise
     Secured debt                                              0
     Priority debt                                             0
     Unsecured debt                                  244,526,299
                                                   -------------
     Total Liabilities                              $244,526,299
                                                   -------------
Owner Equity
     Common stock                                      1,088,716
     Additional paid in capital                      158,254,512
     Treasury stock                                  (35,717,477)
     Pre-petition retained earnings                   39,858,773
     Postpetition retained earnings                   (1,454,625)
                                                   -------------
     Net Owners' Equity                             $162,029,899
                                                   -------------
     TOTAL LIABILITIES AND OWNER'S EQUITY           $406,556,198
                                                   =============


                                 FLYi Inc.
                         Statement of Operations
                              February 2006

Revenues                                                       $0
Other income and expenses
     Interest income                                       (3,421)
     Interest expense                                           -
     Other miscellaneous                                        -
                                                    -------------
      Net Profit(Loss)                                    ($3,421)
                                                    =============

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000. (FLYi Bankruptcy News, Issue No. 15; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


FLYI INC: Independence Incurs $5.9 Mil. Net Loss in February 2006
-----------------------------------------------------------------

                          Independence Air Inc.
                       Consolidated Balance Sheet
                         As of February 28, 2006

ASSETS

Current assets
     Cash                                            $18,708,345
     Short term investments                            6,300,000
     Restricted cash                                   7,180,117
     Net accounts receivable                          95,717,198
     Net expandable parts and fuel                     1,776,152
     Net prepaid expenses                             10,267,047
     Deferred tax asset                                       (1)
                                                   -------------
Total current assets                                $139,948,858
                                                   -------------
Other assets:
     Restricted cash                                  17,612,095
     Property and equipment, net of depreciation      21,079,663
     Aircraft deposits                                21,912,000
     Other assets                                      1,787,886
                                                   -------------
Total other assets                                   $62,391,644
                                                   -------------
     TOTAL ASSETS                                   $202,340,502
                                                   =============
LIABILITIES

Liabilities not subject to compromise
     Accounts payable                                 $5,243,917
     Air traffic liability                             2,200,695
     Accrued liabilities                               5,067,853
     Amounts due to insiders                              16,667
                                                   -------------
Total postpetition liabilities                       $12,529,132
                                                   -------------
Liabilities subject to compromise
     Secured debt                                      2,010,411
     Priority debt                                     1,026,969
     Unsecured debt                                  420,350,395
     Other accruals                                   34,788,497
                                                   -------------
Total prepetition liabilities                       $458,176,254
                                                   -------------
Total Liabilities                                   $472,705,386
                                                   -------------
Owner Equity
     Common stock                                              -
     Additional paid in capital                                -
     Treasury stock                                    7,435,000
     Owner's equity account                                    -
     Pre-petition retained earnings                 (243,575,614)
     Postpetition retained earnings                  (32,224,270)
     Adjustment to owner equity                                -
                                                   -------------
Net Owners' Equity                                  (268,364,884)
                                                   -------------
     TOTAL LIABILITIES AND OWNER'S EQUITY           $202,340,502
                                                   =============


                          Independence Air Inc.
                         Statement of Operations
                              February 2006

Revenues
Operating Revenue
     Passenger revenue                                      $288
     In-flight Sales                                       9,618
     Other revenue                                        22,893
                                                   -------------
Total operating revenues                                 $32,799
                                                   -------------
Operating expenses
Insider compensation                                      16,667
     Wages                                               794,326
     Fringes and benefits                                921,434
     Aircraft fuel                                       (12,083)
     Aircraft maintenance and materials                  369,949
     Traffic commissions                                  (4,999)
     Facilities rent                                     112,693
     Landing fees                                          7,841
     Depreciation and amortization                       449,889
     Others                                            3,027,305
     Retirement and restructuring charge                 402,335
                                                   -------------
Total operating expense                               $6,085,357
                                                   -------------
Net operating income                                  (6,052,558)
                                                   -------------
Net Profit (Loss) before other income & expenses      (6,052,558)
                                                   -------------
Other income and expenses
     Interest income                                    (136,782)
     Interest expense                                      5,518
                                                   -------------
     Total other (income) expense                       (131,264)
                                                   -------------
Net Profit (Loss) before reorganization items         (5,921,294)
                                                   -------------
Reorganization items
     Professional fees                                  (248,638)
                                                   -------------
Net Profit (Loss)                                    ($5,916,090)
                                                   =============

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000. (FLYi Bankruptcy News, Issue No. 15; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


INTEGRATED ELECTRICAL: Incurs $5.4 Mil. Net Loss in February 2006
-----------------------------------------------------------------

            Integrated Electrical Services, Inc., et al.
                           Balance Sheet
                      As of February 28, 2006

Assets:
   Unrestricted Cash                                $12,764,000
   Restricted Cash                                   20,000,000
   Total Cash                                        32,764,000
   Accounts Receivable                              168,646,000
   Inventory                                         23,935,000
   Notes Receivable                                           -
   Prepaid Expenses                                  30,659,000
   Other                                             69,740,000
   Total Current Assets                             325,744,000
   Property, Plant, Equipment                        81,027,000
   Less: Accumulated Depreciation                    58,445,000
   Net Property, Plant, Equipment                    22,582,000
   Due From Insiders                                          -
   Other Assets - Net of Amortization                24,343,000
   Other                                             12,066,000
                                                  -------------
TOTAL ASSETS                                       $384,735,000
                                                  =============

Postpetition Liabilities:
   Accounts Payable                                 $25,081,000
   Taxes Payable                                      2,394,000
   Notes Payable                                              0
   Professional Fees                                  1,250,000
   Secured Debt                                               0
   Other                                             43,121,000
                                                  -------------
Total Postpetition Liabilities                       71,846,000

Prepetition Liabilities:
   Secured Debt                                          41,000
   Priority Debt                                     32,762,000
   Unsecured Debt                                   257,425,000
   Other                                             22,050,000
                                                  -------------
   Total Prepetition Liabilities                    312,278,000
                                                  -------------
Total Liabilities                                   384,124,000

Equity:
   Prepetition Owners' Equity                         6,014,000
   Postpetition Cumulative Profit                    (5,403,000)
   Direct Charges to Equity
                                                  -------------
   Total Equity                                         611,000
                                                  -------------
TOTAL LIABILITIES AND OWNERS' EQUITY               $384,735,000
                                                  =============


            Integrated Electrical Services, Inc., et al.
                         Income Statement
               Period From February 14 to 28, 2006

Revenues:
   Gross Revenues                                   $38,799,000
   Less: Returns & Discounts                                  0
                                                  -------------
Net Revenue                                          38,799,000

Cost of Goods Sold:
   Material                                          18,619,000
   Direct Labor                                       8,826,000
   Direct Overhead                                    6,144,000
                                                  -------------
   Total Cost of Goods Sold                          33,588,000
                                                  -------------
Gross Profit                                          5,211,000

Operating Expenses:
   Officer/Inside Compensation                          127,000
   Selling & Marketing                                  165,000
   General & Administrative                           4,967,000
   Rent & Lease                                         425,000
   Other                                                      0
                                                  -------------
   Total Operating Expenses                           5,683,000
                                                  -------------
Income Before Non-Operating Income & Expense           (473,000)

Other Income & Expenses:
   Non-Operating Income                                  82,000
   Non-Operating Expense                                 10,000
   Interest Expense                                     821,000
   Depreciation/Depletion                                     0
   Other                                                 57,000
                                                  -------------
Net Other Income & Expenses                          $4,856,000

Reorganization Expenses
   Professional Fees                                          -
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                  -------------
   Total Reorganization Expenses                              0

   Income Tax                                            75,000
                                                  -------------
Net Profit (Loss)                                   ($5,403,000)
                                                  =============


            Integrated Electrical Services, Inc., et al.
             Statement of Cash Receipts & Disbursements
               For the Month Ended February 28, 2006

Cash, Beginning of Month                             $39,842,000
Receipts from Operations:
   Cash Sales                                           314,000

Collection of Accounts Receivable
   Prepetition                                       65,174,000
   Postpetition                                      16,050,000
                                                  -------------
Total Operating Receipts                            $81,538,000

Non-Operating Receipts:
   Loans & Advances                                    $120,000
   Sales of Assets                                        6,000
   Other                                               (404,000)
                                                  -------------
   Total Non-Operating Receipts                        (278,000)
                                                  -------------
Total Receipts                                       81,260,000
                                                  -------------
Total Cash Available                               $121,102,000

Operating Disbursements:
   Net Payroll                                      $19,944,000
   Payroll Taxes Paid                                 6,848,000
   Sales, Use & Other Taxes Paid                        786,000
   Secured/Rental/Leases                              1,219,000
   Utilities                                            257,000
   Insurance                                          1,555,000
   Inventory Purchases                               32,260,000
   Vehicle Expenses                                   1,214,000
   Travel                                               195,000
   Entertainment                                        149,000
   Repairs & Maintenance                                117,000
   Supplies                                             511,000
   Advertising                                           62,000
   Other                                             21,091,000
                                                  -------------
Total Operating Disbursements                       $86,208,000

Reorganization Expenses:
   Professional Fees                                 $2,130,000
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                  -------------
   Total Reorganization Expenses                      2,130,000
                                                  -------------
Total Disbursements                                 $88,338,000
                                                  -------------
Net Cash Flow                                        $7,078,000
                                                  -------------
Cash -- End of Month                                $32,764,000
                                                  =============

Headquartered in Houston, Texas, Integrated Electrical Services,
Inc. -- http://www.ielectric.com/and http://www.ies-co.com/-- is     
an electrical and communications service provider with national
roll-out capabilities across the U.S.  Integrated Electrical
Services offers seamless solutions and project delivery of
electrical and low-voltage services, including communications,
network, and security solutions.

The Company provides everything from system design, installation,
and testing to long-term service and maintenance on a wide array
of projects.  With approximately 140 locations nationwide, the
Company is prepared to seamlessly manage and deliver all your
electrical, security, and communication requirements.  The Debtor
and 132 of its affiliates filed for chapter 11 protection on
Feb. 14, 2006 (Bankr. N.D. Tex. Lead Case No. 06-30602).  Daniel
C. Stewart, Esq., and Michaela C. Crocker, Esq., at Vinson &
Elkins, L.L.P., represent the Debtors in their restructuring
efforts.  As of Dec. 31, 2005, Integrated Electrical reported
assets totaling $400,827,000 and debts totaling $385,540,000.
(Integrated Electrical Bankruptcy News, Issue No. 6; Bankruptcy
Creditors' Service, Inc. 215/945-7000)


MERIDIAN AUTOMOTIVE: Incurs $22.8 Mil. Net Loss in December 2005
----------------------------------------------------------------
The Debtors revised their monthly operating report ending
December 31, 2005, to include final year and accounting
adjustments.

                Meridian Automotive Systems - Composites
                   Operations, Inc. and Subsidiaries
                 Unaudited Consolidated Balance Sheet
                        As of December 31, 2005
                             (In Thousands)

CURRENT ASSETS:
    Cash                                                       -
    Accounts receivable, net                             $97,884
    Intercompany receivable                               14,099
    Inventories                                           77,100
    Tooling costs in excess of billings and others        22,851
                                                      ----------
       TOTAL CURRENT ASSETS                              211,934
                                                      ----------
    Property, plant and equipment, net                   233,064
    Intangible assets                                     15,346
    Investment in subsidiaries                            23,863
    Other assets                                          12,993
                                                      ----------
       TOTAL ASSETS                                     $497,200
                                                      ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
    Current portion of long term debt                   $324,088
    Accounts payable                                      45,121
    Accrued expenses                                      43,885
    Tooling billings in excess of costs                    5,840
                                                      ----------
       TOTAL CURENT LIABILITIES                          418,934
                                                      ----------

    Liabilities subject to comprise                      463,535
    Non-Current Liabilities Not Subject to Compromise:
       Other long-term liabilities                         9,223
       Accumulated post-retirement benefit obligation     25,079
                                                      ----------
       TOTAL LIABILITIES                                 916,771
       STOCKHOLDERS' EQUITY                             (419,571)
                                                      ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY              $497,200
                                                      ==========

                Meridian Automotive Systems - Composite
                   Operations, Inc. and Subsidiaries
                   Unaudited Statement of Operations
                         December 1 to 31, 2005
                             (In Thousands)

Net sales                                                $58,057
Cost of sales                                             62,250
                                                      ----------
Gross profit                                              (4,193)

Selling, general and administrative expenses               4,188
Restructuring charges                                      3,013
                                                      ----------
Operating income (loss)                                  (11,394)

Interest expense, net                                      2,674
Other (expense) income                                        60
Chapter 11 and related reorganization items                8,913
                                                      ----------
Loss before provision for income taxes                   (22,291)
(Benefit) Provision for income taxes                         (51)
                                                      ----------
NET LOSS                                                ($22,870)
                                                      ==========

                Meridian Automotive Systems - Composite
                   Operations, Inc. and Subsidiaries
                   Unaudited Statement of Cash Flows
                         December 1 to 31, 2005
                             (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                            ($22,870)
    Adjustments required to reconcile net loss to net
      cash provided by (used in) operating activities:
       Depreciation, amortization, and impairment          3,580
       Change in working capital and other operating
       items                                              19,502
                                                      ----------
       Net cash provided by (used for) operating
          activities before reorganization items             212
                                                      ----------
    Operating cash flows from reorganization items:
       Chapter 11 and related reorganization items         8,913
       Payments on Chapter 11 and related reorg items     (2,980)
                                                      ----------
       Net cash provided by Chapter 11 and related
          reorg items                                      5,933

       Net cash provided by (used for) operating
          activities                                       6,145

INVESTING ACTIVITIES:
    Additions to property and equipment                   (5,805)
    Proceeds from sale or property and equipment              60
                                                      ----------
       Net cash used for investing activities             (5,745)
                                                      ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                       -
    Repayments of prepetition borrowings                       -
    Proceeds from DIP credit facility                     29,000
    Repayments of DIP credit facility                    (29,400)
    Repayments on prepetition long-term debt                   -
    Deferred financing costs capitalized                       -
                                                      ----------
Net cash (used for) provided by financing activities      ($400)
                                                      ----------
Net increase (decrease) in cash                                -
                                                      ----------
Cash and Cash Equivalents, beginning of period                 -

Cash and Cash Equivalents, end of period                       -
                                                      ==========

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies    
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  Eric E. Sagerman, Esq.,  
at Winston & Strawn LLP represents the Official Committee of  
Unsecured Creditors.  The Committee also hired Ian Connor  
Bifferato, Esq., at Bifferato, Gentilotti, Biden & Balick, P.A.,  
to prosecute an adversary proceeding against Meridian's First Lien  
Lenders and Second Lien Lenders to invalidate their liens.  When  
the Debtors filed for protection from their creditors, they listed  
$530 million in total assets and approximately $815 million in  
total liabilities.  (Meridian Bankruptcy News, Issue No. 24;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Incurs $12.7 Million Net Loss in January 2006
------------------------------------------------------------------

                Meridian Automotive Systems - Composites
                   Operations, Inc. and Subsidiaries
                 Unaudited Consolidated Balance Sheet
                        As of January 31, 2006
                             (In Thousands)

CURRENT ASSETS:
    Cash                                                       -
    Accounts receivable, net                             $94,538
    Intercompany receivable                               15,634
    Inventories                                           78,591
    Tooling costs in excess of billings and others        25,329
                                                      ----------
       TOTAL CURRENT ASSETS                              214,092
                                                      ----------
    Property, plant and equipment, net                   231,010
    Intangible assets                                     15,330
    Investment in subsidiaries                            23,863
    Other assets                                          12,770
                                                      ----------
       TOTAL ASSETS                                     $497,065
                                                      ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
    Current portion of long term debt                   $331,704
    Accounts payable                                      49,449
    Accrued expenses                                      43,233
    Tooling billings in excess of costs                    3,982
                                                      ----------
       TOTAL CURENT LIABILITIES                          428,368
                                                      ----------

    Liabilities subject to comprise                      466,862

    Non-Current Liabilities Not Subject to Compromise:
       Other long-term liabilities                         9,182
       Accumulated post-retirement benefit obligation     25,016
                                                      ----------
       TOTAL LIABILITIES                                 929,428
       SHAREHOLDERS' EQUITY                             (432,363)
                                                      ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY              $497,065
                                                      ==========

                Meridian Automotive Systems - Composite
                   Operations, Inc. and Subsidiaries
                   Unaudited Statement of Operations
                         January 1 to 31, 2006
                             (In Thousands)

Net sales                                                $60,759
Cost of sales                                             59,234
                                                      ----------
Gross profit                                               1,525

Selling, general and administrative expenses               2,528
Restructuring charges                                      1,924
                                                      ----------
Operating income (loss)                                   (2,927)

Interest expense, net                                      8,042
Other (expense) income                                         1
Chapter 11 and related reorganization items                1,806
                                                      ----------
Loss before provision for income taxes                   (12,774)
(Benefit) Provision for income taxes                          18
                                                      ----------
NET LOSS                                                ($12,792)
                                                      ==========

                Meridian Automotive Systems - Composite
                   Operations, Inc. and Subsidiaries
                   Unaudited Statement of Cash Flows
                         January 1 to 31, 2006
                             (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                            ($12,792)
    Adjustments required to reconcile net loss to net
      cash provided by (used in) operating activities:
       Depreciation, amortization, and impairment          3,883
       Change in working capital and other operating
       items                                               2,861
                                                      ----------
       Net cash provided by (used for) operating
          activities before reorganization items          (6,048)
                                                      ----------
    Operating cash flows from reorganization items:
       Chapter 11 and related reorganization items         1,806
       Payments on Chapter 11 and related reorg items       (963)
                                                      ----------
       Net cash provided by Chapter 11 and related
          reorg items                                        843

       Net cash provided by (used for) operating
          activities                                      (5,205)

INVESTING ACTIVITIES:
    Additions to property and equipment                   (1,795)
    Proceeds from sale or property and equipment               -
                                                      ----------
       Net cash used for investing activities             (1,795)
                                                      ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                       -
    Repayments of prepetition borrowings                       -
    Proceeds from DIP credit facility                     34,800
    Repayments of DIP credit facility                    (27,800)
    Repayments on prepetition long-term debt                   -
    Deferred financing costs capitalized                       -
                                                      ----------
Net cash (used for) provided by financing activities      $7,000
                                                      ----------
Net increase (decrease) in cash                                -
                                                      ----------
Cash and Cash Equivalents, beginning of period                 -

Cash and Cash Equivalents, end of period                       -
                                                      ==========

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies    
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  Eric E. Sagerman, Esq.,  
at Winston & Strawn LLP represents the Official Committee of  
Unsecured Creditors.  The Committee also hired Ian Connor  
Bifferato, Esq., at Bifferato, Gentilotti, Biden & Balick, P.A.,  
to prosecute an adversary proceeding against Meridian's First Lien  
Lenders and Second Lien Lenders to invalidate their liens.  When  
the Debtors filed for protection from their creditors, they listed  
$530 million in total assets and approximately $815 million in  
total liabilities.  (Meridian Bankruptcy News, Issue No. 24;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Incurs $9.7 Million Net Loss in February 2006
------------------------------------------------------------------

                Meridian Automotive Systems - Composites
                   Operations, Inc. and Subsidiaries
                 Unaudited Consolidated Balance Sheet
                        As of February 28, 2006
                             (In Thousands)

CURRENT ASSETS:
    Cash                                                       -
    Accounts receivable, net                            $109,019
    Intercompany receivable                               15,487
    Inventories                                           74,243
    Tooling costs in excess of billings and others        24,349
                                                      ----------
       TOTAL CURRENT ASSETS                              223,098
                                                      ----------
    Property, plant and equipment, net                   227,889
    Intangible assets                                     15,313
    Investment in subsidiaries                            23,863
    Other assets                                          12,554
                                                      ----------
       TOTAL ASSETS                                     $502,717
                                                      ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
    Current portion of long term debt                   $345,860
    Accounts payable                                      46,366
    Accrued expenses                                      44,495
    Tooling billings in excess of costs                    3,877
                                                      ----------
       TOTAL CURENT LIABILITIES                          440,598
                                                      ----------

    Liabilities subject to comprise                      470,152

    Non-Current Liabilities Not Subject to Compromise:
       Other long-term liabilities                         9,140
       Accumulated post-retirement benefit obligation     24,924
                                                      ----------
       TOTAL LIABILITIES                                 944,814
       SHAREHOLDERS' EQUITY                             (442,097)
                                                      ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY              $502,717
                                                      ==========

                Meridian Automotive Systems - Composite
                   Operations, Inc. and Subsidiaries
                   Unaudited Statement of Operations
                         February 1 to 28, 2006
                             (In Thousands)

Net sales                                                $65,656
Cost of sales                                             62,151
                                                      ----------
Gross profit                                               3,505

Selling, general and administrative expenses               2,457
Restructuring charges                                      1,604
                                                      ----------
Operating income (loss)                                     (556)

Interest expense, net                                      7,362
Other (expense) income                                         -
Chapter 11 and related reorganization items                1,798
                                                      ----------
Loss before provision for income taxes                    (9,716)
(Benefit) Provision for income taxes                          18
                                                      ----------
NET LOSS                                                 ($9,734)
                                                      ==========


                Meridian Automotive Systems - Composite
                   Operations, Inc. and Subsidiaries
                   Unaudited Statement of Cash Flows
                         February 1 to 28, 2006
                             (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                             ($9,734)
    Adjustments required to reconcile net loss to net
      cash provided by (used in) operating activities:
       Depreciation, amortization, and impairment          3,883
       Change in working capital and other operating
       items                                              (8,024)
                                                      ----------
       Net cash provided by (used for) operating
          activities before reorganization items         (13,875)
                                                      ----------
    Operating cash flows from reorganization items:
       Chapter 11 and related reorganization items         1,798
       Payments on Chapter 11 and related reorg items       (778)
                                                      ----------
       Net cash provided by Chapter 11 and related
          reorg items                                      1,020

       Net cash provided by (used for) operating
          activities                                     (12,855)

INVESTING ACTIVITIES:
    Additions to property and equipment                     (745)
    Proceeds from sale or property and equipment               -
                                                      ----------
       Net cash used for investing activities               (745)
                                                      ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                       -
    Repayments of prepetition borrowings                       -
    Proceeds from DIP credit facility                     34,600
    Repayments of DIP credit facility                    (21,000)
    Repayments on prepetition long-term debt                   -
    Deferred financing costs capitalized                       -
                                                      ----------
Net cash (used for) provided by financing activities     $13,600
                                                      ----------
Net increase (decrease) in cash                                -
                                                      ----------
Cash and Cash Equivalents, beginning of period                 -

Cash and Cash Equivalents, end of period                       -
                                                      ==========

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies    
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  Eric E. Sagerman, Esq.,  
at Winston & Strawn LLP represents the Official Committee of  
Unsecured Creditors.  The Committee also hired Ian Connor  
Bifferato, Esq., at Bifferato, Gentilotti, Biden & Balick, P.A.,  
to prosecute an adversary proceeding against Meridian's First Lien  
Lenders and Second Lien Lenders to invalidate their liens.  When  
the Debtors filed for protection from their creditors, they listed  
$530 million in total assets and approximately $815 million in  
total liabilities.  (Meridian Bankruptcy News, Issue No. 24;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


MUSICLAND HOLDING: Files Schedules of Assets and Liabilities
------------------------------------------------------------

A.     Real Property
          Leasehold improvements                   $23,069,672
          CIP fixed assets                          12,152,535
          Accumulated depreciation                  (6,703,696)

B.     Personal Property
B.1    Cash on hand
B.13   Interests in partnerships
          Cash register funds                          928,640
          Investments                                  536,611
          Petty Cash                                       500
B.2    Bank accounts
          Wells Fargo tax disbursements                (23,125)
          A/P disbursement -- Norwest               (7,307,233)
          Payroll -- Norwest                        (2,245,434)
          Norwest concentration                        648,187
          ACH -- Norwest                                   284
          Wells Fargo purchasing collection          2,192,170
          UHC benefit disbursement                     200,000
          Cash in bank-stores                        3,349,574
          Cash clearing                               (169,963)
          Credit cards                               1,960,457
B.9    Interest in insurance policies
          St. Paul/Travelers                            49,000
          Royal                                         40,000
          ESIS                                          30,598
          REM                                           12,500
B.13   Stocks and interests
          MLG Internet, Inc.                      Undetermined
          Request Media, Inc.                     Undetermined
          Musicland Purchasing Corp.              Undetermined
          Media Play, Inc.                        Undetermined
          Sam Goody Holdings Corp.                Undetermined
          Suncoast Holdings Corp.                 Undetermined
B.16   Accounts receivable
          Employee advances                            273,519
          A/R-in-store charge                          214,133
          A/R-freight claims                           370,758
          Other receivables                             57,442
          A/R-other                                  2,412,336
          WCD carrier blng receivables                      36
          New bus. dev receivables                   1,591,888
          Manufacturer coupons                         340,838
          Layaway due                                  191,204
          Sub-tenant receivable                      1,668,333
          Marsh class action suit                       54,765
          Allowance for doubtful accounts             (227,000)
B.18   Other Liquidated Debts
          Tax refund from Philadelphia City             11,851
B.22   Intellectual property                      Undetermined
B.28   Office Equipment
          Office furniture                           2,699,631
          Accumulated depreciation                  (1,286,726)
B.29   Machinery, fixtures, equipment                        -
B.35   Others
          Lease deposit                                 35,490
          Other long-term assets                    (2,152,736)
          Deferred lease acquisition                   155,625
          Prepaid expenses                           7,798,926

       TOTAL SCHEDULED ASSETS                      $42,931,591
                                                  ============


C.     Property Claimed As Exempt               Not applicable

D.     Secured Claims
          20th Century Fox Home Entertainment      $27,612,242
          Warner Home Video Inc.                    26,941,787
          Sony BMG Music Distribution               24,187,156
          Warner/Elektra/Atlantic Corp.             23,542,339
          Universal Music and Video Distribution    17,570,019
          Paramount Pictures, Home Video Div.       13,450,961
          Sony Pictures Home Entertainment          11,342,636
          Buena Vista Home Entertainment Inc.        7,976,515
          EMI Recorded Music, North America          7,705,060
          V.D.P IV, Inc.                             5,990,510
          Fleet Retail Finance, Inc.                 5,714,663
          Wachovia Bank, National Association        5,714,663
          National City Business Credit, Inc.        4,444,865
          The CIT Group/Business Credit, Inc.        4,444,865
          GMAC Commercial Finance LLC                3,174,686
          Westernbank Business Credit                3,174,686
          Lasalle Retail Finance                     2,539,977
          Textron Financial Corporation              2,222,242
          Wells Fargo Retail Finance, LLC            2,222,242
          Burdale Financial Limited                  1,904,888
          Grayson & Co.                              1,523,910
          Investment Advisor, Boston Management        889,202
          Eaton Vance Senior Income Trust              126,866
          The Bank of New York                    Undetermined
          Congress Financial Corp., Florida       Undetermined
          Ingram Book                             Undetermined

E.     Unsecured Priority Claims                          None

F.     Unsecured Non-priority Claims              Undetermined

       TOTAL SCHEDULED LIABILITIES                $204,416,981
                                                 =============

Headquartered in New York, New York, Musicland Holding Corp., is
a specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


MUSICLAND HOLDING: Purchasing's Schedule of Assets and Liabilities
------------------------------------------------------------------

A.     Real Property                                        $0

B.     Personal Property                       
B.1    Cash on hand                                          -
B.2    Bank accounts                                         -
B.16   Accounts receivable                                   -
B.28   Office Equipment                                      -
B.29   Machinery, fixtures, equipment
          Store fixtures/equipment                  13,627,376
          Software                                   4,314,779
          Others                                     5,687,235
          Accumulated depreciation                  (5,429,535)
B.30   Inventory
          Audio                                     84,867,463
          Accessories                               59,083,627
          Video                                    131,175,347
          Books/magazines                           10,852,552
          Trend                                     11,922,821
          Used                                       6,255,670
          Inventory reserves                       (34,073,965)

       TOTAL SCHEDULED ASSETS                     $288,283,370
                                                 =============

C.     Property Claimed As Exempt               Not applicable

D.     Secured Claims
          20th Century Fox Home Entertainment      $27,612,242
          Warner Home Video Inc.                    26,941,787
          Sony BMG Music Distribution               24,187,156
          Warner/Elektra/Atlantic Corp.             23,542,339
          Universal Music and Video Distribution    17,570,019
          Paramount Pictures, Home Video Div.       13,450,961
          Sony Pictures Home Entertainment          11,342,636
          Buena Vista Home Entertainment Inc.        7,976,516
          EMI Recorded Music, North America          7,705,060
          V.D.P IV, Inc.                             5,990,510
          Fleet Retail Finance, Inc.                 5,714,663
          Wachovia Bank, National Association        5,714,663
          National City Business Credit, Inc.        4,444,865
          The CIT Group/Business Credit, Inc.        4,444,865
          GMAC Commercial Finance LLC                3,174,686
          Westernbank Business Credit                3,174,686
          Lasalle Retail Finance                     2,539,977
          Textron Financial Corporation              2,222,242
          Wells Fargo Retail Finance, LLC            2,222,242
          Burdale Financial Limited                  1,904,888
          Grayson & Co.                              1,523,910
          Investment Advisor, Boston Management        889,202
          Eaton Vance Senior Income Trust              126,866

E.     Unsecured Priority Claims
          City of Chandler                              12,109
          Michigan Dept of Treasury                     10,454
          Baton Rouge Parish & City Revenue Div         31,751
          Bureau of Internal Revenue                    27,705
          City Hall Records                            226,879
          City of Durango                               11,606
          IBM Lockbox                                   22,622
          Idaho State Tax Commission                    20,308
          North Carolina Dept. of Revenue               29,606
          Jefferson City Revenue Dept.                  12,446
          Others                                        94,404

F.     Unsecured Non-priority Claims
          A.D. Vision Inc.                           3,240,492
          Activision                                 2,921,298
          AEC One Stop Group                         1,965,998
          Cingular Wireless                          1,213,897
          Fender Musical Instrument                 33,038,860
          Funimation Productions                     3,077,992
          Geneon Entertainment                       2,252,950
          Graphic Communications                     1,845,466
          Graphic Resource Group                     1,154,976
          Hal Leonard Corporation                    1,029,433
          Hasbro toy Group                           1,270,781
          In Minn/Ingram Book                        2,210,864
          Simmerman Partners Advertising             5,204,064
          The Good Bead                              1,046,335
          Thomas Grace Construction                  1,003,750
          UBI soft Inc.                              1,296,747
          Universal Home Video                       5,155,853
          US Music Corp                              1,337,870
          Ventura                                    7,220,864
          Virgin Mobile USA LLC                      1,223,342
          Vivendi Universal                          1,765,594
          Others                                    99,852,068

       TOTAL SCHEDULED LIABILITIES                $385,246,365
                                                 =============

Headquartered in New York, New York, Musicland Holding Corp., is
a specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


MUSICLAND HOLDING: Media Play's Schedules of Assets & Liabilities
-----------------------------------------------------------------

A.     Real Property                                        $0

B.     Personal Property                                     -

       TOTAL SCHEDULED ASSETS                               $0
                                                          ====

C.     Property Claimed As Exempt               Not Applicable

D.     Secured Claims
          20th Century Fox Home Entertainment      $27,612,242
          Warner Home Video Inc.                    26,941,787
          Sony BMG Music Distribution               24,187,156
          Warner/Elektra/Atlantic Corp.             23,542,339
          Universal Music and Video Distribution    17,570,019
          Paramount Pictures, Home Video Div.       13,450,961
          Sony Pictures Home Entertainment          11,342,636
          Buena Vista Home Entertainment Inc..       7,976,516
          EMI Recorded Music, North America          7,705,060
          V.D.P IV, Inc.                             5,990,510
          Fleet Retail Finance, Inc.                 5,714,663
          Wachovia Bank, National Association        5,714,663
          National City Business Credit, Inc.        4,444,865
          The CIT Group/Business Credit, Inc.        4,444,865
          GMAC Commercial Finance LLC                3,174,686
          Westernbank Business Credit                3,174,686
          Lasalle Retail Finance                     2,539,977
          Textron Financial Corporation              2,222,242
          Wells Fargo Retail Finance, LLC            2,222,242
          Burdale Financial Limited                  1,904,888
          Grayson & Co.                              1,523,910
          Investment Advisor, Boston Management        889,202
          Eaton Vance Senior Income Trust              126,866

E.     Unsecured Priority Claims
          Chattanooga City Tax Collector                 3,567
          Mecklenburg County Treasurer                   7,003
          Ohio Dept. of Taxation                        33,610
          IBM Lockbox                                      185
          North Carolina Dept of Revenue                    70

F.     Unsecured Non-priority Claims              Undetermined

       TOTAL SCHEDULED LIABILITIES                $204,461,416
                                                 =============

Headquartered in New York, New York, Musicland Holding Corp., is
a specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


MUSICLAND HOLDING: Retail's Schedules of Assets and Liabilities
---------------------------------------------------------------

A.     Real Property                                        $0

B.     Personal Property                                     -

       TOTAL SCHEDULED ASSETS                               $0
                                                         =====

C.     Property Claimed As Exempt               Not applicable

D.     Secured Claims
          20th Century Fox Home Entertainment      $27,612,242
          Warner Home Video Inc.                    26,941,787
          Sony BMG Music Distribution               24,187,156
          Warner/Elektra/Atlantic Corp.             23,542,339
          Universal Music and Video Distribution    17,570,019
          Paramount Pictures, Home Video Div.       13,450,961
          Sony Pictures Home Entertainment          11,342,636
          Buena Vista Home Entertainment Inc..       7,976,516
          EMI Recorded Music, North America          7,705,060
          V.D.P IV, Inc.                             5,990,510
          Fleet Retail Finance, Inc.                 5,714,663
          Wachovia Bank, National Association        5,714,663
          National City Business Credit, Inc.        4,444,865
          The CIT Group/Business Credit, Inc.        4,444,865
          GMAC Commercial Finance LLC                3,174,686
          Westernbank Business Credit                3,174,686
          Lasalle Retail Finance                     2,539,977
          Textron Financial Corporation              2,222,242
          Wells Fargo Retail Finance, LLC            2,222,242
          Burdale Financial Limited                  1,904,888
          Grayson & Co.                              1,523,910
          Investment Advisor, Boston Management        889,202
          Eaton Vance Senior Income Trust              126,866

E.     Unsecured Priority Claims
          East Baton Rouge Parish                        7,208
          IBM Lockbox                                      185

F.     Unsecured Non-priority Claims              Undetermined


       TOTAL SCHEDULED LIABILITIES                $204,424,374
                                                 =============

Headquartered in New York, New York, Musicland Holding Corp., is
a specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


MUSICLAND HOLDING: Group's Schedules of Assets and Liabilities
--------------------------------------------------------------

A.     Real Property                                        $0

B.     Personal Property                                     -

       TOTAL SCHEDULED ASSETS                               $0
                                                         =====

C.     Property Claimed As Exempt               Not applicable

D.     Secured Claims
          20th Century Fox Home Entertainment      $27,612,242
          Warner Home Video Inc.                    26,941,787
          Sony BMG Music Distribution               24,187,156
          Warner/Elektra/Atlantic Corp.             23,542,339
          Universal Music and Video Distribution    17,570,019
          Paramount Pictures, Home Video Div.       13,450,961
          Sony Pictures Home Entertainment          11,342,636
          Buena Vista Home Entertainment Inc.        7,976,516
          EMI Recorded Music, North America          7,705,060
          V.D.P IV, Inc.                             5,990,510
          Fleet Retail Finance, Inc.                 5,714,663
          Wachovia Bank, National Association        5,714,663
          National City Business Credit, Inc.        4,444,865
          The CIT Group/Business Credit, Inc.        4,444,865
          GMAC Commercial Finance LLC                3,174,686
          Westernbank Business Credit                3,174,686
          Lasalle Retail Finance                     2,539,977
          Textron Financial Corporation              2,222,242
          Wells Fargo Retail Finance, LLC            2,222,242
          Burdale Financial Limited                  1,904,888
          Grayson & Co.                              1,523,910
          Investment Advisor, Boston Management        889,202
          Eaton Vance Senior Income Trust              126,866

E.     Unsecured Priority Claims
          Adams County Treasurer                           259
          Florida Dept of Revenue                         1107
          Franklin County Sheriff                        4,254
          IBM Lockbox                                      185
          Iowa Dept. of Revenue                            789
          Phelps County Collector                          547
          Randolph County Collector                        273
          St. Joseph County Treasurer                    1,424
          State of Rhode Island                            500
          Virginia Dept. of Taxation                     2,222
          Wisconsin Dept. of Revenue                       727
          Pennsylvania Dept of Revenue                     626

F.     Unsecured Non-priority Claims              Undetermined

       TOTAL SCHEDULED LIABILITIES                $204,429,894
                                                 =============

Headquartered in New York, New York, Musicland Holding Corp., is
a specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


NORTHWEST AIRLINES: Incurs $496 Million Net Loss in February 2006
-----------------------------------------------------------------

                Northwest Airlines Corporation
         Unaudited Condensed Consolidated Balance Sheets
                    As of February 28, 2006

ASSETS

Current assets:
   Cash and cash equivalents                       $769,000,000
   Unrestricted short-term investments              581,000,000
   Restricted cash, cash equivalents &
      short-term investments                        591,000,000
   Accounts receivable, net                         667,000,000
   Flight equipment spare parts, net                135,000,000
   Prepaid expenses & other                         395,000,000
                                                ---------------
Total current assets                              3,138,000,000

Property and equipment:
   Flight equipment, net                          7,467,000,000
   Other property & equipment, net                  745,000,000
                                                ---------------
Total property & equipment                        8,212,000,000

Flight Equipment under capital leases, net           35,000,000

Other assets:
   Intangible pension asset                         363,000,000
   International routes                             634,000,000
   Investments in affiliated companies               42,000,000
   Other                                            860,000,000
                                                ---------------
Total other assets                                1,899,000,000
                                                ---------------
Total Assets                                    $13,284,000,000
                                                ===============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
   Air traffic liability                         $1,853,000,000
   Accounts payable & other liabilities           1,214,000,000
   Current maturities of long-term debt
      & capital lease obligations                    97,000,000
                                                ---------------
Total current liabilities                         3,164,000,000

Long-term debt                                    1,424,000,000

Deferred Credits & other liabilities:
   Long-term pension & postretirement
      Health care benefits                          339,000,000
   Other                                            117,000,000
                                                ---------------
Total deferred credits & other liabilities          456,000,000

Liabilities Subject to Compromise                14,463,000,000

Preferred redeemable stock                          279,000,000

Common Stockholders' Equity (Deficit)
   Common stock                                       1,000,000
   Additional paid-in capital                     1,501,000,000
   Accumulated deficit                           (5,426,000,000)
   Accumulated other comprehensive
      income (loss)                              (1,565,000,000)
   Treasury stock                                (1,013,000,000)
                                                ---------------
Total common stockholders' equity (deficit)      (6,502,000,000)
                                                ---------------
Total Liabilities &
   Stockholders' Equity (deficit)               $13,284,000,000
                                                ===============


                 Northwest Airlines Corporation
    Unaudited Condensed Consolidated Statements of Operations
             For the Month Ended February 28, 2006

Operating Revenues
   Passenger                                       $612,000,000
   Regional carrier revenues                        104,000,000
   Cargo                                             66,000,000
   Other                                            107,000,000
                                                ---------------
   Total Operating Revenues                         889,000,000

Operating Expenses
   Salaries, wages, and benefits                    215,000,000
   Aircraft fuel and taxes                          238,000,000
   Selling and marketing                             63,000,000
   Aircraft maintenance materials and repair         53,000,000
   Other rentals and landing fees                    46,000,000
   Depreciation and amortization                     46,000,000
   Aircraft rentals                                  22,000,000
   Regional carrier expenses                        114,000,000
   Other                                            122,000,000
                                                ---------------
   Total Operating Expenses                         919,000,000

Operating Income (Loss)                             (30,000,000)

Other Income (Expense)
   Interest expense, net                            (42,000,000)
   Investment income                                  7,000,000
   Foreign currency gain (loss)                    (431,000,000)
   Other, net                                                --
                                                ---------------
   Total other income (expense)                    (466,000,000)
                                                ---------------
Income (Loss) Before Income Taxes                  (496,000,000)

   Income tax expense (benefit)                              --
                                                ---------------
Net Income (Loss)                                 ($496,000,000)
                                                ===============


                Northwest Airlines Corporation
    Unaudited Condensed Consolidated Statements of Cash Flows
             For the Month Ended February 28, 2006

Cash Flows from Operating Activities:
   Net income (loss)                              ($496,000,000)
   Adjustments to reconcile net loss to net
      cash provided by (used in)
      operating activities:
      Depreciation and amortization                  46,000,000
      Pension and other postretirement benefit
         contributions less than expense             29,000,000
      Changes in certain assets & liabilities        39,000,000
      Reorganization items                          431,000,000
      Other, net                                     21,000,000
                                                ---------------
Net cash provided by operating activities            70,000,000

Cash Flows from Reorganization Activities:
   Net cash provided by (used in)
      reorganization activities                      (4,000,000)

Cash Flows from Investing Activities:
   Capital expenditures                             (85,000,000)
   Proceeds from sales of short term investment     (16,000,000)
   Decrease (increase) in restricted
      cash, cash equivalents &
      short-term investments                        (37,000,000)
   Other                                             (1,000,000)
                                                ---------------
Net cash provided by (used in) investing
   activities                                      (139,000,000)

Cash Flows from Financing Activities:
   Proceeds from long-term debt                      72,000,000
   Payments of long-term debt and capital
      lease obligations                             (51,000,000)
                                                ---------------
Net cash provided by (used in)
   financing activities                              21,000,000
                                                ---------------
Increase (Decrease) in Cash and
   Cash Equivalents                                 (52,000,000)

Cash & cash equivalents at beginning of period      821,000,000
                                                ---------------
Cash & cash equivalents at end of period           $769,000,000
                                                ===============

Northwest Airlines Corporation -- http://www.nwa.com/-- is
the world's fourth largest airline with hubs at Detroit,
Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and
approximately 1,400 daily departures.  Northwest is a member of
SkyTeam, an airline alliance that offers customers one of the
world's most extensive global networks.  Northwest and its travel
partners serve more than 900 cities in excess of 160 countries on
six continents.  The Company and 12 affiliates filed for chapter
11 protection on Sept. 14, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-17930).  Bruce R. Zirinsky, Esq., and Gregory M. Petrick, Esq.,
at Cadwalader, Wickersham & Taft LLP in New York, and Mark C.
Ellenberg, Esq., at Cadwalader, Wickersham & Taft LLP in
Washington represent the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $14.4 billion in total assets and $17.9 billion in total
debts.  (Northwest Airlines Bankruptcy News, Issue No. 23;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


TOWER AUTOMOTIVE: Incurs $11.1 Million Net Loss in February 2006
----------------------------------------------------------------

             Tower Automotive, Inc. and Subsidiaries
              Unaudited Consolidated Balance Sheets
                     As of February 28, 2006
                          (In Thousands)

CURRENT ASSETS:
   Cash and cash equivalents                            $43,426
   Accounts receivable, net                             253,135
   Inventories                                           73,143
   Prepaid tooling and other                             29,432
                                                     ----------
      TOTAL CURRENT ASSETS                              399,136
                                                     ----------

   Property, plant and equipment, net                   537,330
   Investment in joint ventures                               -
   Investment in subsidiaries                           727,854
   Inter-company receivables                                  -
   Other assets, net                                     57,878
                                                     ----------
      TOTAL ASSETS                                   $1,722,198
                                                     ==========


CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
   Current maturities of long-term debt                 $14,257
   Current maturities of DIP borrowings                 619,000
   Accounts payable                                     162,736
   Accrued liabilities                                  153,418
                                                     ----------
      TOTAL CURENT LIABILITIES                          949,411
                                                     ----------
   Liabilities subject to comprise                    1,134,137

   Non-Current Liabilities Not Subject to
    Compromise:

      Long-term debt, net of current maturities          84,753
      DIP borrowings, net of current maturities               -
      Other non-current liabilities                     130,625
                                                     ----------
      TOTAL LIABILITIES                               2,298,926

      STOCKHOLDERS' DEFICIT                            (576,728)
                                                     ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT          $1,722,198
                                                     ==========


             Tower Automotive, Inc. and Subsidiaries
                Unaudited Statement of Operations
                     February 1 to 28, 2006
                          (In Thousands)

Revenues                                               $139,151
Cost of sales                                           135,101
                                                     ----------
Gross profit                                              4,050

Selling, general and administrative expenses              8,077
Restructuring and asset impairment charges, net            (346)
                                                     ----------
Operating income (loss)                                  (3,681)

Interest expense                                          5,929
Interest income                                          (2,107)
Other income                                               (259)
Chapter 11 and related reorganization items               3,722
                                                     ----------
Income (loss) before provision for income taxes,
   equity in earnings of joint ventures, and
   minority interest                                    (10,966)

Provision (benefit) for income taxes                        221
                                                     ----------
Income (loss) before equity in earnings                 (11,187)

Equity in earnings of joint ventures, net of tax             63
                                                     ----------
NET INCOME/(LOSS)                                      ($11,124)
                                                     ==========


             Tower Automotive, Inc. and Subsidiaries
                Unaudited Statement of Cash Flows
                      February 1 to 28, 2006
                          (In Thousands)

OPERATING ACTIVITIES:
   Net loss                                            ($11,124)
   Adjustments required to reconcile net loss to net
    Cash provided by (used in) operating activities:

      Chapter 11 & related reorganization items, net      1,840
      Restructuring and asset impairment, net                 -
      Depreciation                                        8,109
      Equity in earnings of joint ventures, net             (63)
      Change in working capital and operating items       6,573
                                                     ----------
      Net cash provided by operating activities           5,335

INVESTING ACTIVITIES:
   Cash disbursed for purchase of property, plant
    and equipment                                        (4,365)
                                                     ----------
      Net cash used for investing activities             (4,365)

FINANCING ACTIVITIES:
Proceeds from non-DIP borrowings                              -
Repayments of non-DIP borrowings                             (1)
Borrowings from DIP credit facility                      85,500
Repayments of borrowings from DIP credit facility       (45,000)
                                                     ----------
      Net cash provided by financing activities          40,499
                                                     ----------
Net change in cash and cash equivalents                  41,469
Cash and Cash Equivalents, beginning of period            1,957
                                                     ----------
Cash and Cash Equivalents, end of period                $43,426
                                                     ==========

Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo.  Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components.  The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-
10601).  James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup
Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq.,
at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts.  (Tower Automotive Bankruptcy News,
Issue No. 31; Bankruptcy Creditors' Service, Inc., 215/945-7000).


USG CORP: Earns $40.9 Million for the Month of February 2006
------------------------------------------------------------

USG Corporation, et al.
Consolidated Balance Sheet                          28-Feb-2006
__________________________                          ___________

Assets:
Cash and cash equivalents                          $678,430,000
Marketable Securities                               139,669,000
Restricted Cash                                      87,315,000
Receivables                                         459,332,000
Inventories                                         281,918,000
Income taxes receivable                               5,669,000
Deferred income taxes                                29,664,000
Other current assets                                 94,759,000
                                                ---------------
Total current assets                              1,776,756,000

Property, plant and equipment, net                1,668,733,000
Marketable Securities                               307,095,000
Deferred income taxes                             1,430,609,000
Goodwill                                            110,532,000
Other assets                                        410,709,000
                                                ---------------
Total Assets                                     $5,704,434,000
                                                ===============

Liabilities and Stockholders' Equity:
Accounts payable                                   $269,709,000
Accrued expenses                                    189,743,000
Taxes on income                                      91,044,000
                                                ---------------
Total current liabilities                           550,496,000

Other liabilities                                   453,642,000
Liabilities subject to compromise                 5,340,122,000

Stockholders' Equity:
Common stock                                          4,998,000
Treasury stock                                     (214,259,000)
Capital received in excess of par value             146,791,000
Accumulated other comprehensive income/(loss)       (21,240,000)
Retained earnings                                  (556,116,000)
                                                ---------------
Total stockholders' equity                         (639,826,000)
                                                ---------------
Total Liabilities and Stockholders' Equity       $5,704,434,000
                                                ===============


USG Corporation, et al.                            Month Ending
Consolidated Income Statement                       28-Feb-2006
__________________________                          ___________

Net sales                                          $405,764,000

Cost of products sold                               312,027,000
Selling and administrative expenses                  28,393,000
Chapter 11 reorganization expenses                   (2,664,000)
Interest expense                                        443,000
Interest income                                        (153,000)
Other (income)/expense, net                            (145,000)
                                                ---------------
Earnings before income taxes                        $67,863,000

Income taxes                                         26,868,000
                                                ---------------
Net Earnings                                        $40,995,000
                                                ===============

Headquartered in Chicago, Illinois, USG Corporation --
http://www.usg.com/-- through its subsidiaries, is a leading
manufacturer and distributor of building materials producing a
wide range of products for use in new residential, new
nonresidential and repair and remodel construction, as well as
products used in certain industrial processes.

The Company filed for chapter 11 protection on June 25, 2001
(Bankr. Del. Case No. 01-02094).  David G. Heiman, Esq., Gus
Kallergis, Esq., Brad B. Erens, Esq., Michelle M. Harner, Esq.,
Mark A. Cody, Esq., and Daniel B. Prieto, Esq., at Jones Day
represent the Debtors in their restructuring efforts.

Lewis Kruger, Esq., Kenneth Pasquale, Esq., and Denise Wildes,
Esq., represent the Official Committee of Unsecured Creditors.
Elihu Inselbuch, Esq., and peter Van N. Lockwood, Esq., at Caplin
& Drysdale, Chartered, represent the Official Committee of
Asbestos Personal Injury Claimants.  Martin J. Bienenstock, Esq.,
Judy G. Z. Liu, Esq., Ralph I. Miller, Esq., and David A.
Hickerson, Esq., at Weil Gotshal & Manges LLP represent the
Statutory Committee of Equity Security Holders.  Dean M. Trafelet
is the Future Claimants Representative.  Michael J. Crames, Esq.,
and Andrew  A. Kress, Esq., at Kaye Scholer, LLP, represent the
Future Claimants Representative.  Scott Baena, Esq., and Jay
Sakalo, Esq., at Bilzen Sumberg Baena Price & Axelrod LLP,
represent the Asbestos Property Damage Claimants Committee.

When the Debtors filed for protection from their creditors, they
listed $3,252,000,000 in assets and $2,739,000,000 in debts.  (USG
Bankruptcy News, Issue No. 107; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


WINN-DIXIE: Incurs $7.5 Million Net Loss in March 2006
------------------------------------------------------

                    Winn-Dixie Stores, Inc., et al.
                 Unaudited Consolidated Balance Sheet
                           At March 8, 2006
                            (In thousands)

                                Assets

Current assets:
    Cash and cash equivalents                            $94,880
    Marketable securities                                 14,377
    Trade and other receivables, net                     164,398
    Insurance claims receivable                           77,340
    Income tax receivable                                 30,283
    Merchandise inventories, net                         504,174
    Prepaid expenses and other current assets             57,286
                                                    ------------
Total current assets                                     942,738

Property, plant and equipment, net                       537,780
Other assets, net                                        119,000
                                                    ------------
Total assets                                          $1,599,518
                                                    ============

                Liabilities and Shareholders' Deficit

Current liabilities:
    Current portion of long-term debt                       $226
    Current obligations under capital leases               3,906
    Accounts payable                                     239,431
    Reserve for self-insurance liabilities                87,833
    Accrued wages and salaries                            76,332
    Accrued rent                                          27,258
    Accrued expenses                                     126,032
                                                    ------------
Total current liabilities                                561,018

Reserve for self-insurance liabilities                   143,012
Long-term debt                                               224
Long-term borrowings under DIP Credit Facility            40,032
Obligations under capital leases                           4,904
Other liabilities                                         16,617
                                                    ------------
Total liabilities not subject to compromise              765,807

Liabilities subject to compromise                      1,112,567
                                                    ------------
Total liabilities                                      1,878,374

Shareholders' deficit:
    Common stock                                         141,872
    Additional paid-in-capital                            33,019
    Accumulated deficit                                 (418,794)
    Accumulated other comprehensive loss                 (34,953)
                                                    ------------
Total shareholders' deficit                             (278,856)
                                                    ------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT           $1,599,518
                                                    ============


                   Winn-Dixie Stores, Inc., et al.
            Unaudited Consolidated Statement of Operations
                    Four Weeks Ended March 8, 2006
                            (In thousands)

Net sales                                               $600,451
Cost of sales                                            439,591
                                                    ------------
Gross profit on sales                                    160,860

Other operating and administrative expenses              165,140
Restructuring charges                                         30
                                                    ------------
Operating loss                                            (4,310)

Interest expense, net                                        618
                                                    ------------
Loss before reorganization items and income taxes         (4,928)
Reorganization items, net expense                          4,242
Income tax expense                                             -
                                                    ------------
Net loss from continuing operations                       (9,170)

Discontinued operations:
    Loss from discontinued operations                        (42)
    Gain on disposal of discontinued operations            1,629
Income tax expense                                             -
                                                    ------------
Net earnings from discontinued operations                  1,587
                                                    ------------
Net loss                                                 ($7,583)
                                                    ============


                   Winn-Dixie Stores, Inc., et al.
            Unaudited Consolidated Statement of Cash Flows
                   Four Weeks Ended March 8, 2006
                           (In thousands)

Cash flows from operating activities:
    Net loss                                             ($7,583)
    Adjustments to reconcile net loss to
     net cash provided by operating activities:
       Gain on sales of assets, net                       (2,161)
       Reorganization items, net expense                   4,242
       Depreciation and amortization                       8,248
       Stock compensation plans                              706
       Change in operating assets and liabilities:
          Trade and other receivables                      9,413
          Merchandise inventories                         27,923
          Prepaid expenses and other current assets      (10,340)
          Accounts payable                               (14,496)
          Reserve for self-insurance liabilities           1,639
          Lease liability on closed facilities            (2,407)
          Income taxes receivable                            (23)
          Defined benefit plan                              (160)
          Other accrued expenses                          (6,841)
                                                    ------------
       Net cash provided by operating
        activities before reorganization items             8,160
       Cash effect of reorganization items                (2,823)
                                                    ------------
Net cash provided by operating activities                  5,337

Cash flows from investing activities:
    Purchases of property, plant and equipment            (2,142)
    Increase in investments and other assets              (1,903)
    Proceeds from sales of assets                          5,146
    Purchases of marketable securities                    (1,808)
    Sales of marketable securities                           769
    Other                                                    (72)
                                                    ------------
Net cash used in investing activities                        (10)

Cash flows from financing activities:
    Gross borrowings on DIP Credit Facility                  315
    Gross payments on DIP Credit Facility                   (375)
    Principal payments on long-term debt                     (18)
    Principal payments on capital lease obligations         (118)
    Other                                                    138
                                                    ------------
Net cash used in financing activities                       (58)
                                                    ------------
Increase in cash and cash equivalents                      5,269
Cash and cash equivalents at beginning of period          89,611
                                                    ------------
Cash and cash equivalents at end of period               $94,880
                                                    ============

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc.
-- http://www.winn-dixie.com/-- is one of the nation's largest
food retailers.  The Company operates stores across the
Southeastern United States and in the Bahamas and employs
approximately 90,000 people.  The Company, along with 23 of its
U.S. subsidiaries, filed for chapter 11 protection on Feb. 21,
2005 (Bankr. S.D.N.Y. Case No. 05-11063, transferred Apr. 14,
2005, to Bankr. M.D. Fla. Case Nos. 05-03817 through 05-03840).
D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and
Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King &
Spalding LLP, represent the Debtors in their restructuring
efforts.  Paul P. Huffard at The Blackstone Group, LP, gives
financial advisory services to the Debtors.  Dennis F. Dunne,
Esq., at Milbank, Tweed, Hadley & McCloy, LLP, and John B.
Macdonald, Esq., at Akerman Senterfitt give legal advice to the
Official Committee of Unsecured Creditors.  Houlihan Lokey &
Zukin Capital gives financial advisory services to the
Committee.  When the Debtors filed for protection from their
creditors, they listed $2,235,557,000 in total assets and
$1,870,785,000 in total debts.  (Winn-Dixie Bankruptcy News, Issue
No. 35; Bankruptcy Creditors' Service, Inc., 215/945-7000)


XYBERNAUT CORP: Incurs $709,388 Net Loss in February 2006
---------------------------------------------------------
On March 30, 2006, Xybernaut Corporation filed its monthly
operating report for the month of February 2006 with the U.S.
Bankruptcy Court for the Eastern District of Virginia, Alexandria
Division.

The company reported a $709,388 net loss on $141,490 of revenue
for the month of February 2006.

At February 28, 2006, the Company's balance sheet reflects:

      Total Assets                $3,395,665
      Total Liabilities           $4,997,080        
      Stockholders' Deficit      ($1,601,415)
  
A full-text copy of Xybernaut Corporation's February 2006 Monthly
Operating Report is available at no charge at
http://researcharchives.com/t/s?799

A full-text copy of Xybernaut Solution Inc.'s February 2006
Monthly Operating Report is available at no charge at
http://researcharchives.com/t/s?79a

Headquartered in Fairfax, Virginia, Xybernaut Corporation,
develops and markets small, wearable, mobile computing and
communications devices and a variety of other innovative products
and services all over the world.  The corporation never turned a
profit in its 15-year history.  The Company and its affiliate,
Xybernaut Solutions, Inc., filed for chapter 11 protection on
July 25, 2005 (Bankr. E.D. Va. Case Nos. 05-12801 and 05-12802).
John H. Maddock III, Esq., at McGuireWoods LLP, represents the
Debtors in their chapter 11 proceedings.  Paul M. Sweeney, Esq.,
at Linowes & Blocher LLP , represents the  Official Committee of
Unsecured Creditors.  Craig Benson Young, Esq., at Connolly Bove
Lodge & Hutz, represents the Official Committee of Equity Security
Holders.  When the Debtors filed for protection from their
creditors, they listed $40 million in total assets and $3.2
million in total debts.

                             *********

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

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.  
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
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Monthly Operating Reports are summarized in every Saturday edition
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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.  Marie Therese V. Profetana, Shimero Jainga, Emi Rose S.R.
Parcon, Rizande B. Delos Santos, Cherry A. Soriano-Baaclo,
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
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herein is obtained from sources believed to be reliable, but is
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