TCR_Public/060506.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, May 6, 2006, Vol. 10, No. 107

                             Headlines

ADELPHIA COMMS: West Palm Beach Files Schedules of Assets & Debts
ADELPHIA COMMUNICATIONS: West Palm Beach II Files Schedules
ADELPHIA COMMS: Desert Hot Files Schedules of Assets & Liabilities
ADELPHIA COMMUNICATIONS: Henderson Community Files Schedules
ADELPHIA COMMUNICATIONS: Highland Carlsbad Files Schedules

ADELPHIA COMMUNICATIONS: Highland Prestige Files Schedules
ADELPHIA COMMS: Highland Video Files Schedules of Assets & Debts
ADELPHIA COMMS: Hilton Head Files Schedules of Assets and Debts
ADELPHIA COMMUNICATIONS: Ionian Communications Files Schedules
ADELPHIA COMMUNICATIONS: Prestige Communications Files Schedules

ADELPHIA COMMS: 11 RME Debtors File Schedules of Assets And Debts
ADELPHIA COMMS: Debtors Amend Special Schedules of Assets & Debts
CATHOLIC CHURCH: Portland Files Operating Report for March 2006
CATHOLIC CHURCH: Spokane Files Operating Report for March 2006
FEDERAL-MOGUL: Posts $27.1 Million Net Loss in March 2006

FOAMEX INTERNATIONAL: Earns $4.2 Million in March 2006
MERIDIAN AUTOMOTIVE: Posts $12.5 Million Net Loss in March 2006
OWENS CORNING: Posts $1.77 Million Net Loss in January 2006
SAINT VINCENTS: Files Monthly Operating Report for February 2006

                             *********

ADELPHIA COMMS: West Palm Beach Files Schedules of Assets & Debts
-----------------------------------------------------------------

A.   Real Property
        West Palm Beach, Florida                     $26,588,895
        Boynton Beach, Illinois                         $375,498
        Greenacres, CL                                 8,080,352

B.   Personal Property
        Accounts Receivable                              349,416
        Franchise                                     27,863,905
        Vehicles and accessories                          38,715
        Machinery, fixtures, equipment and supplies    9,593,219
        Others                                           979,649

        TOTAL SCHEDULED ASSETS                       $73,869,649
                                                    ============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claims
         Bank of Montreal as Agent                $1,265,000,000
         John Clark, tax collector                       194,974
         Linda and Gary Brake                              3,814
         Lawrence Caplan                                   5,000
         Stanley Polanski                                    926

E.   Unsecured Priority Claims                           249,654

F.   Unsecured Non-priority Claim                              -

        TOTAL SCHEDULED LIABILITIES               $1,265,454,368
                                                 ===============

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMUNICATIONS: West Palm Beach II Files Schedules
-----------------------------------------------------------

A.   Real Property                                            $0

B.   Personal Property
        Accounts Receivable                              134,620
        Franchise                                     17,352,823
        Vehicles and accessories                          39,821
        Office equipment, furnishings and supplies         4,856
        Machinery, fixtures, equipment and supplies    2,281,564
        Others                                           177,283

        TOTAL SCHEDULED ASSETS                       $19,990,967
                                                    ============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claim                                    $1,265,000

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                             -

        TOTAL SCHEDULED LIABILITIES                   $1,265,000
                                                     ===========

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMS: Desert Hot Files Schedules of Assets & Liabilities
------------------------------------------------------------------

A.   Real Property
        Desert Hot Springs, CA                        $1,820,000

B.   Personal Property
        Accounts Receivable                              203,434
        Franchise                                      9,416,001
        Vehicles and accessories                          68,186
        Office equipment, furnishings and supplies        15,123
        Machinery, fixtures, equipment and supplies    5,436,107
        Inventory                                        288,496
        Others                                           518,729

        TOTAL SCHEDULED ASSETS                       $17,766,076
                                                    ============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claim
         Bank of America as Agent                 $2,480,000,000

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                        19,357

        TOTAL SCHEDULED LIABILITIES               $2,480,019,357
                                                 ===============

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMUNICATIONS: Henderson Community Files Schedules
------------------------------------------------------------

A.   Real Property                                            $0

B.   Personal Property
        Accounts Receivable                              279,036
        Franchise                                      8,532,828
        Vehicles and accessories                          14,075
        Machinery, fixtures, equipment and supplies    2,202,122
        Others                                             7,736

        TOTAL SCHEDULED ASSETS                       $11,035,797
                                                    ============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claim
         Bank of America as Agent                 $1,265,000,000

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                           879

        TOTAL SCHEDULED LIABILITIES               $1,265,000,879
                                                 ===============

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMUNICATIONS: Highland Carlsbad Files Schedules
----------------------------------------------------------

A.   Real Property
        Carlsbad, California                          $8,507,709
        Fallbrook, California                             75,873

B.   Personal Property
        Security deposit for Brookwood Carlsbad            9,888
        Accounts receivable                            1,844,160
        Franchise                                    115,559,700
        Vehicles and accessories                         403,078
        Office equipment, furnishings and supplies         4,608
        Machinery, fixtures, equipment and supplies   24,760,739
        Inventory                                      1,468,663
        Others                                         1,661,946

        TOTAL SCHEDULED ASSETS                     [$154,296,364]
                                                  ==============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claims
         Bank of America, N.A.                    $2,480,042,086
         W.C. Communications, Inc.                        19,996
         Cable Crafters Construction, Inc.                22,090

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                       185,692

        TOTAL SCHEDULED LIABILITIES              [$2,480,251,864]
                                                ================

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMUNICATIONS: Highland Prestige Files Schedules
----------------------------------------------------------

A.   Real Property                                            $0
B.   Personal Property
        Accounts receivable                            1,608,362
        Vehicles and accessories                         411,658
        Office equipment, furnishings and supplies        47,924
        Machinery, fixtures, equipment and supplies   33,210,332
        Inventory                                        779,218
        Others                                         2,943,843

        TOTAL SCHEDULED ASSETS                       $39,001,337
                                                    ============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claim
         Bank of America, N.A.                    $2,480,000,000

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                       149,928

        TOTAL SCHEDULED LIABILITIES               $2,480,149,928
                                                 ===============

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMS: Highland Video Files Schedules of Assets & Debts
----------------------------------------------------------------

A.   Real Property                                            $0

B.   Personal Property
        Bank account -- PNC Bank                          33,721
        Accounts receivable                              441,354
        Franchise                                      4,025,220
        Vehicles and accessories                         185,175
        Office equipment, furnishings and supplies        19,357
        Machinery, fixtures, equipment and supplies   12,023,577
        Inventory                                        (10,034)
        Others                                           189,265

        TOTAL SCHEDULED ASSETS                       $16,907,635
                                                    ============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claim
         Bank of Montreal                         $1,265,000,000

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                        77,920

        TOTAL SCHEDULED LIABILITIES               $1,265,077,920
                                                 ===============

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMS: Hilton Head Files Schedules of Assets and Debts
---------------------------------------------------------------

A.   Real Property
        Hilton Head, South Carolina                   $2,737,993

B.   Personal Property
        Accounts receivable                              412,389
        Franchise                                     13,593,873
        Vehicles and accessories                         108,397
        Office equipment, furnishings and supplies        33,281
        Machinery, fixtures, equipment and supplies    7,742,902
        Inventory                                        310,578
        Others                                           716,430

        TOTAL SCHEDULED ASSETS                       $25,655,843
                                                    ============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claims
         Wachovia Securities                        $831,375,000
         The Associated Press                             12,027

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                        38,066

        TOTAL SCHEDULED LIABILITIES                 $831,425,093
                                                   =============

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMUNICATIONS: Ionian Communications Files Schedules
--------------------------------------------------------------

A.   Real Property                                            $0

B.   Personal Property
        Bank Accounts
           Wachovia Bank                                   5,111
           Citizens Bank                                   7,601
        Security deposits                                    576
        Accounts receivable                            1,148,709
        Franchise                                     33,161,126
        Vehicles and accessories                         570,770
        Office equipment, furnishings and supplies        86,944
        Machinery, fixtures, equipment and supplies    9,386,275
        Inventory                                        (23,722)
        Others                                           680,221

        TOTAL SCHEDULED ASSETS                       $45,023,611
                                                    ============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claim
         Wachovia Securities                        $831,375,000

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                        50,189

        TOTAL SCHEDULED LIABILITIES                 $831,425,189
                                                   =============

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMUNICATIONS: Prestige Communications Files Schedules
----------------------------------------------------------------

A.   Real Property
        Canton, Georgia                                 $187,000
        Cartersville, Georgia                          2,910,000
        Adairsville, Georgia                              10,000
        Taylorsville, Georgia                              5,000
        Cumming, Georgia                               1,930,000

B.   Personal Property
        Franchise                                    106,594,674

        TOTAL SCHEDULED ASSETS                      $111,636,674
                                                   =============

C.   Property Claimed as Exempt                   Not applicable

D.   Secured Claim
         Bank of America, N.A.                    $2,480,000,000

E.   Unsecured Priority Claims                                 -

F.   Unsecured Non-priority Claims                             -

        TOTAL SCHEDULED LIABILITIES               $2,480,000,000
                                                 ===============

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMS: 11 RME Debtors File Schedules of Assets And Debts
-----------------------------------------------------------------
In their Schedules of Assets and Liabilities, 11 Rigas Managed
Entities Debtors reported zero assets and these liabilities:

                                                 Total Scheduled
    RME Debtor                                     Liabilities
    ----------                                   ---------------
    Cablevision Business Services Inc.            $2,480,000,000
    Century MCE LLC                                2,480,000,000
    Highland Carlsbad Cablevision Inc.             2,480,000,000
    Montgomery Cablevision Associates L.P.         1,265,000,000
    Adelphia Cablevision Associates of Radnor LP   1,265,000,000
    Olympus MCE I LLC                              1,265,000,000
    Olympus MCE II LLC                             1,265,000,000
    UCA MCE I LLC                                    831,375,000
    UCA MCE II LLC                                   831,375,000
    OFE I LLC                                                  0
    OFE II LLC                                                 0

Each of the 11 RME Debtors' scheduled liabilities relates to a
joinder guaranty agreement effective as of June 7, 2005.

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMS: Debtors Amend Special Schedules of Assets & Debts
-----------------------------------------------------------------
The ACOM Debtors have determined that the RME Debtors' Schedules
of Assets and Liabilities reflects certain executory contracts
and unexpired leases that were previously included in the ACOM
Debtors' Schedules.

Accordingly, the ACOM Debtors removed around 228 executory
contracts and unexpired leases from Schedule G of their Special
Schedules of Liabilities.

A full-text copy of ACOM's Amended Schedule G is available at no
charge at http://researcharchives.com/t/s?8a2

Based in Coudersport, Pa., Adelphia Communications Corporation --
http://www.adelphia.com/-- 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.  PricewaterhouseCoopers serves as the Debtors'
financial advisor.  Kasowitz, Benson, Torres & Friedman, LLP, and
Klee, Tuchin, Bogdanoff & Stern LLP represent the Official
Committee of Unsecured Creditors.  (Adelphia Bankruptcy News,
Issue No. 130; Bankruptcy Creditors' Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Portland Files Operating Report for March 2006
---------------------------------------------------------------

                         Pastoral Center
                Archdiocese of Portland in Oregon
                 Statement of Financial Position
                      As of March 31, 2006

ASSETS

Cash and cash equivalents                           $16,553,125
Accounts receivable, net                              1,773,469
Notes, estates and other receivables                 11,916,888
Loans receivable from Archdiocesan entities, net      7,671,893
Loans receivable from Archdiocesan housing entities     533,845
Interest receivable and other assets                    231,947
Inventories                                           1,670,356
Real Property                                           226,688
Deposits and prepaid expenses                            48,587
Investments                                          98,416,662
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   7,773,120
                                                 --------------
Total Assets                                       $148,456,580
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                 $822,302
      Accrued liabilities                             2,221,637
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              14,910,472
         Long-term pool investments payable          18,942,265
      Reserve for insurance claims                    2,343,946
      Notes payable                                  10,880,807
      Pre-need liability and reserve                    456,268
      Accrued post-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                    $58,184,949
                                                 --------------

   Postpetition
      Accounts payable                                  488,449
      Accrued liabilities                             5,112,606
      Funds held for others
         Second Collections                             231,159
         Short-term investments payable               2,922,719
         Long-term pool investments                   4,817,027
      Reserve for insurance claims                      (15,922)
      Notes payable                                           -
      Pre-need liability and reserve                     32,688
      Accrued post-retirement liability                 404,521
                                                 --------------
   Total Postpetition Liabilities                   $13,993,247
                                                 --------------
     Total Liabilities                              $72,178,196
                                                 --------------

Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,963,649
      Other Assets                                   (3,573,888)
                                                 --------------
   Total Prepetition Net Assets                      66,389,761
                                                 --------------
   Postpetition Net Assets:
      Charitable Trust Assets                         7,129,183
      Other Assets                                    2,759,440
                                                 --------------
   Total Postpetition Net Assets                      9,888,623
                                                 --------------
      Total Net Assets                               76,278,384
                                                 --------------
Total liabilities & net assets                     $148,456,580
                                                 ==============


                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
                For the month ending March 31, 2006

Revenues, gains and other support
   Annual Catholic Appeal income                           $579
   Gross profit on cemetery sales                       134,636
   Contributions, gifts, annuities and bequests          27,447
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   638,005
   Change in unrealized gains (losses)                  662,328
   Insurance premiums, net                                    -
   Interest income from loans                            37,525
   Parish assessments                                   251,797
   Other income                                          41,786
   Departmental revenues                                 20,731
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support          $1,814,834
                                                 --------------

Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    141,931
      Clergy Services                                    42,955
      Catholic Schools                                   48,470
      Pastoral Services                                  50,861
      Evangelization Services                            44,917
      Public Services                                     9,980
      Tribunal Services                                  17,397
      Deposit and loan interest                         137,732
      Insurance program                                 347,668
      Cemetery operating expenses                        74,237
      High School grants/charitable annuities            15,358
      Other program expenses                             83,858
                                                 --------------
         Total program services                      $1,015,364
                                                 --------------

   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         45,667
      Finance & Administration:
         Resource Development                            47,041
         Business Affairs                                10,761
         Financial Services                              59,309
      Human Resources                                    27,814
      Shared Services                                    21,161
      Occupancy and physical plant expenses              10,458
      Designated funds expense                           15,484
      Bankruptcy expense                                346,619
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                     $584,314
                                                 --------------
         Total expenses and program support          $1,599,678
                                                 --------------

Increase (decrease) in net assets before
   transfers and designations of net assets             215,156

Fund transfers - in (out)                                     -
Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                       215,156


Net assets at beginning of year                      76,063,228
                                                 --------------
Net assets at end of year                           $76,278,384
                                                 ==============


                Archdiocese of Portland in Oregon
           Statement of Cash Receipts and Disbursements
                For the month ending March 31, 2006


Beginning Cash Balance:                             $16,050,890
Add:
   Transfers in                                       1,968,861
   Receipts Deposited                                 2,797,346
   Other (Return of Direct Deposits)                          -
   Other (Interest Income)                               58,165
                                                 --------------
   Total Cash Receipts                               $4,824,372

Subtract:
   Transfers out                                     (1,968,861)
   Disbursements by check or debit                   (2,348,756)
   Cash withdrawn                                             -
   Other (Service Charges)                               (1,972)
   Other (Misc Check Correction)                            (46)
   Other (NSF Checks)                                    (2,499)
   Other (Clear Interfund Rec/Pay)                            -
                                                 --------------
   Total Cash Disbursements                         ($4,322,134)
                                                 --------------
Ending Cash Balance                                 $16,553,128
                                                 ==============

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


CATHOLIC CHURCH: Spokane Files Operating Report for March 2006
--------------------------------------------------------------

                    Catholic Diocese of Spokane
                           Balance Sheet
                       As of March 31, 2006


ASSETS
   Total Cash Accounts                               $2,595,340
   Total Investments                                  3,879,834
   Total Property                                       495,004
   Total Loans Receivable                             2,797,264
   Total Interfund Loan Receivable                      396,887
   Total Accounts Receivable                             56,290
   Total Land and Buildings & Equip                   2,474,977
   Total Prepaid Expenses                                38,076
                                                 --------------
Total Assets                                        $12,733,672
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities
   Total Deposits Payable                             6,640,354
   Total Interest Payable                                     0
   Total Accounts Payable                                 2,035

Total Long-term Liabilities                           9,335,400

Net Assets
   Total Unrestricted - Fund Balance                (16,258,299)
   Total Unrestricted Net Assets                    (16,258,299)
   T.R. - Guse Grant Funds                              274,293
   T.R. - Bishop's School Grants Funds                  122,428
   Total Replacement Fund                            10,361,691
   Total Diocesan D&L Funding                         2,176,115
   Total Guatemala Funds                                606,376
   Temporarily Restricted                                   (80)
                                                 --------------
Total liabilities & net assets                      $12,863,672
                                                 ==============


                    Catholic Diocese of Spokane
                   Income and Expense Statement
               For the month ending March 31, 2006

Total Income                                         $2,540,682
Total Expenses                                        4,254,992
                                                 --------------
Net Excess or Deficit                                $1,714,310
                                                 ==============

The Diocese of Spokane's Statement of Cash Receipts and
Disbursements for the period March 1 to 31, 2006, shows ending
balance of $2,558,243.  Total cash receipts for the period is
$797,864, while total cash disbursements is $400,355.

A full-text copy of the Diocese's March 2006 operating report is
available for free at http://researcharchives.com/t/s?8a3  

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


FEDERAL-MOGUL: Posts $27.1 Million Net Loss in March 2006
---------------------------------------------------------

                Federal-Mogul Global, Inc., et al.  
                     Unaudited Balance Sheet
                      As of March 31, 2006
                          (In millions)

                             Assets

Cash and equivalents                                     $755.5
Accounts receivable                                       623.4
Inventories                                               444.5
Deferred taxes                                             95.2
Prepaid expenses and other current assets                  91.4
                                                     ----------
Total current assets                                    2,010.1
  
Summary of Unpaid Postpetition Debits                     (54.2)
Intercompany Loans Receivable (Payable)                 2,087.7
                                                     ----------
Intercompany Balances                                   2,033.6
  
Property, plant and equipment                             864.2
Goodwill                                                  945.7
Other intangible assets                                   405.3
Insurance recoverable                                     779.9
Other non-current assets                                  937.3
                                                     ----------
Total Assets                                           $7,976.1
                                                     ==========
  
               Liabilities and Shareholders' Equity
  
Short-term debt                                          $542.4
Accounts payable                                          230.5
Accrued compensation                                       65.3
Restructuring and rationalization reserves                 22.4
Current portion of asbestos liability                         -
Interest payable                                            2.4
Other accrued liabilities                                 261.7
                                                     ----------
Total current liabilities                               1,124.7
  
Long-term debt                                                -
Post-employment benefits                                1,896.8
Other accrued liabilities                                 804.4
Liabilities subject to compromise                       5,994.5
  
Shareholders' equity:  
   Preferred stock                                      1,050.6
   Common stock                                           565.8
   Additional paid-in capital                           8,054.7
   Accumulated deficit                                (10,248.2)
   Accumulated other comprehensive income              (1,267.1)
   Other                                                      -
                                                     ----------
Total Shareholders' Equity                             (1,844.2)
                                                     ----------
Total Liabilities and Shareholders' Equity             $7,976.1
                                                     ==========
  
  
                Federal-Mogul Global, Inc., et al.  
                Unaudited Statement of Operations  
            For the Three Months Ended March 31, 2006  
                          (In millions)  
  
Net sales                                                $315.4
Cost of products sold                                     260.7
                                                     ----------
Gross margin                                               54.6
  
Selling, general & administrative expenses                (50.5)
Amortization                                               (1.2)
Reorganization items                                       (7.1)
Interest income (expense), net                            (13.4)
Other income (expense), net                                (4.3)
                                                     ----------
Earnings before Income Taxes                              (21.9)
  
Income Tax (Expense) Benefit                                5.2
                                                     ----------
Earnings before effect of change in acctg principle       (27.1)
Cumulative effect of change in acctg principle                -
                                                     ----------
Net Loss                                                 ($27.1)
                                                     ==========
  
  
                Federal-Mogul Global, Inc., et al.  
                Unaudited Statement of Cash Flows  
              For the month ended February 28, 2006  
                          (In millions)  
  
Cash Provided From (Used By) Operating Activities:  
   Net loss                                              ($27.1)
Adjustments to reconcile net earnings (loss) to net cash:  
   Depreciation and amortization                           13.2
   Adjustments of assets held for sale to fair value       10.4
   Asbestos Charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg principle             -
   Change in post-employment benefits                      (9.6)
   Decrease/(increase) in accounts receivable             (52.6)
   Decrease/(increase) in inventories                      13.5
   Increase/(decrease) in accounts payable                  9.2
   Change in other assets and other liabilities            55.1
   Change in restructuring charge                           2.5
   Refunds (payments) against asbestos liability              -
                                                    ----------
Net Cash Provided From Operating Activities               14.6
  
Cash Provided From (Used By) Investing Activities:  
   Expenditures for property, plant & equipment            (8.2)
   Proceeds from sale of property, plant & equipment         -
   Proceeds from sale of businesses                        (0.1)
   Business acquisitions, net of cash acquired                -
   Other                                                      -
                                                     ----------
Net Cash Provided From (Used By) Investing Activities      (8.3)
  
Cash Provided From (Used By) Financing Activities:  
   Increase (decrease) in debt                            (28.8)
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                   (4.8)
                                                     ----------
Net Cash Provided From Financing Activities               (33.6)
  
Increase (Decrease) in Cash and Equivalents               (27.2)
  
Cash and equivalents at beginning of period               782.7
                                                     ----------
Cash and equivalents at end of period                    $755.5
                                                     ==========

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is one of the world's largest
automotive parts companies with worldwide revenue of $6 billion.  
The Company filed for chapter 11 protection on Oct. 1, 2001
(Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq., James F.
Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown &
Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl,
Young, Jones & Weintraub, P.C., represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed US$10.15 billion in assets and
US$8.86 billion in liabilities.  Federal-Mogul Corp.'s U.K.
affiliate, Turner & Newall, is based at Dudley Hill, Bradford.  
Peter D. Wolfson, Esq., at Sonnenschein Nath & Rosenthal; and
Charlene D. Davis, Esq., Ashley B. Stitzer, Esq., and Eric M.
Sutty, Esq., at The Bayard Firm represent the Official Committee
of Unsecured Creditors. (Federal-Mogul Bankruptcy News, Issue No.
108; Bankruptcy Creditors' Service, Inc., 215/945-7000)


FOAMEX INTERNATIONAL: Earns $4.2 Million in March 2006
------------------------------------------------------

          Foamex International, et al., as Debtors
                Consolidated Balance Sheet
                   As of March 31, 2006

                              ASSETS

Current Assets
  Cash                                             $3,227,000
  Accounts Receivable, net                        200,255,000
  Inventory                                       107,415,000
  Other current assets                             26,485,000
                                                -------------
Total current assets                              337,382,000

Land & land improvements                            4,951,000
Buildings                                          86,766,000
Leasehold improvement                               5,910,000
Machinery & Equipment                             202,474,000
Furniture & Fixtures                                5,128,000
Auto equipment                                      7,869,000
Computer equipment                                  8,021,000
Construction in progress                            1,471,000
Accumulated depreciation                         (224,654,000
                                                 ------------
Total property plant & equipment, net              97,936,000

Goodwill, net                                      86,191,000
Debt Issuance costs, net                            4,188,000
Investment in subsidiaries                         15,071,000
Long-term intercompany receivable                   4,850,000
Other Assets                                       49,476,000
                                                 ------------
Total Assets                                     $595,093,000
                                                 ============

              LIABILITIES & STOCKHOLDERS' DEFICIENCY

Current Liabilities
  Revolver borrowings                            $109,323,000
  Current portion of long-term debt                86,208,000
  Accounts payable                                 79,793,000
  Intercompany                                        210,000
  Accrued employee costs                           16,449,000
  Accrued rebates                                  10,908,000
  Accrued interest                                  1,892,000
  Other current liabilities                        22,503,000
                                                 ------------
Total current liabilities                         327,286,000

Long-term debt                                        307,000
Intercompany debt                                           -
Liability Subject to Compromise                   645,288,000
Other liabilities                                  23,446,000
                                                 ------------
Total Long-Term Liabilities                       669,041,000
                                                 ------------
Total Liabilities                                 996,327,000

Common stock                                          280,000
Preferred stock                                        15,000
Additional paid-in capital                        102,911,000
Treasury stock                                    (27,780,000)
Partners capital                                            -
Other comprehensive income (loss)                 (34,998,000)
Shareholder loans                                  (9,221,000)
Accumulated deficit                              (432,441,000)
                                                 ------------
                                                 (401,234,000)
                                                 ------------
Liabilities & Stockholders Deficiency            $595,093,000
                                                 ============


          Foamex International, et al., as Debtors
              Consolidated Income Statement
               Month Ended March 31, 2006

Gross Sales                                      $142,764,000
Rebates, Discount & Sale Allowance                 (7,311,000)
                                                 ------------
Net Sales                                         135,454,000

Material                                           87,881,000
Labor                                               5,022,000
Overhead                                           14,141,000
Freight/Shipping                                    5,367,000
                                                 ------------
Cost of Sales                                     112,411,000
                                                 ------------
Gross Profit                                       23,042,000

Labor & Employee Expense                            4,578,000
Indirect Materials & Samples                      (63,000,000)
Equipment & Maintenance Expense                    43,000,000
Facility Expense                                  192,000,000
Asset Disposal Gain (Loss)                                  -
Travel & Entertainment                                342,000
Technology                                            191,000
Professional Fees & Services                        1,261,000
Other Miscellaneous Expense                           545,000
Insurance & Tax                                      (194,000)
Bad debt expense                                     (317,000)
Bank/Collection Costs                                  93,000
Transportation Cost                                    13,000
Depreciation/Amortization                             385,000
Corp. Cost to COS                                    (856,000)
                                                 ------------
Selling, general & admin expenses                   6,214,000

Restructuring & Impairment Charges                 (1,265,000)
                                                 ------------
Income from operations                             18,093,000

Interest Expense                                    6,291,000

Equity in earnings of JV & non-debtor subs         (6,309,000)
Other Income & (Expense)                              307,000

Professional Fees                                   1,561,000
Provision/(Gains) - Rejected Contracts               (300,000)
Bankruptcy Filing Fees                                      -
Other Expense                                          65,000
Debt Adjustment Gain/Loss                                   -
                                                 ------------
Reorganization Expense (Income)                     1,326,000

Income before Tax                                   4,475,000
Tax Provision                                         266,000
                                                 ------------
Net Income                                         $4,209,000
                                                 ============
                 
Headquartered in Linwood, Pa., Foamex International Inc.
(OTC: FMXIQ) -- http://www.foamex.com/-- is the world's leading   
producer of comfort cushioning for bedding, furniture, carpet
cushion and automotive markets.  The Company also manufactures
high-performance polymers for diverse applications in the
industrial, aerospace, defense, electronics and computer
industries.  The Company and eight affiliates filed for chapter 11
protection on Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685
through 05-12693).  Attorneys at Paul, Weiss, Rifkind, Wharton &
Garrison LLP, represent the Debtors in their restructuring
efforts.  Houlihan, Lokey, Howard and Zukin and O'Melveny & Myers
LLP are advising the ad hoc committee of Senior Secured
Noteholders.  Kenneth A. Rosen, Esq., and Sharon L. Levine, Esq.,
at Lowenstein Sandler PC and Donald J. Detweiler, Esq., at Saul
Ewings, LP, represent the Official Committee of Unsecured
Creditors.  As of July 3,  2005, the Debtors reported $620,826,000
in total assets and $744,757,000 in total debts.  (Foamex
International Bankruptcy News, Issue No. 17; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


MERIDIAN AUTOMOTIVE: Posts $12.5 Million Net Loss in March 2006
---------------------------------------------------------------

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

CURRENT ASSETS:
     Cash                                                      -
     Accounts receivable, net                           $105,135
     Intercompany receivable                              13,368
     Inventories                                          66,360
     Tooling costs in excess of billings and others       29,862
                                                      ----------
        TOTAL CURRENT ASSETS                             217,725
                                                      ----------
     Property, plant and equipment, net                  227,879
     Intangible assets                                    15,296
     Investment in subsidiaries                           23,863
     Other assets                                         12,317
                                                      ----------
        TOTAL ASSETS                                    $497,077
                                                      ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
     Current portion of long term debt                  $345,609
     Accounts payable                                     50,089
     Accrued expenses                                     44,988
     Tooling billings in excess of costs                   2,997
                                                      ----------
        TOTAL CURENT LIABILITIES                         443,683
                                                      ----------

     Liabilities subject to comprise                     474,443

     Non-Current Liabilities Not Subject to Compromise:
        Other long-term liabilities                        9,099
        Accumulated post-retirement benefit obligation    24,487
                                                      ----------
        TOTAL LIABILITIES                                951,712
        SHAREHOLDERS' EQUITY                            (454,635)
                                                      ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY              $497,077
                                                      ==========


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

Net sales                                                $72,630
Cost of sales                                             67,854
                                                      ----------
Gross profit                                               4,776

Selling, general and administrative expenses               5,547
Restructuring charges                                      2,716
                                                      ----------
Operating income (loss)                                   (3,487)

Interest expense, net                                      7,243
Other (expense) income                                        12
Chapter 11 and related reorganization items                1,802
                                                      ----------
Loss before provision for income taxes                   (12,520)
(Benefit) Provision for income taxes                          18
                                                      ----------
NET LOSS                                                ($12,538)
                                                      ==========


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

OPERATING ACTIVITIES:
     Net loss                                           ($12,538)
     Adjustments required to reconcile net loss to net
       cash provided by (used in) operating activities:
        Depreciation, amortization, and impairment         4,561
        Change in working capital and other operating
        items                                             14,154
                                                      ----------
        Net cash provided by (used for) operating
           activities before reorganization items          6,177
                                                      ----------
     Operating cash flows from reorganization items:
        Chapter 11 and related reorganization items        1,802
        Payments on Chapter 11 and related reorg items    (2,658)
                                                      ----------
        Net cash provided by Chapter 11 and related
           reorg items                                      (856)

        Net cash provided by (used for) operating
           activities                                      5,321

INVESTING ACTIVITIES:
     Additions to property and equipment                  (4,532)
     Proceeds from sale or property and equipment             11
                                                      ----------
        Net cash used for investing activities            (4,521)
                                                      ----------

FINANCING ACTIVITIES:
     Proceeds from prepetition borrowings                      -
     Repayments of prepetition borrowings                      -
     Proceeds from DIP credit facility                    35,200
     Repayments of DIP credit facility                   (36,000)
     Repayments on prepetition long-term debt                  -
     Deferred financing costs capitalized                      -
                                                      ----------
Net cash (used for) provided by financing activities      ($800)
                                                      ----------
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. 26;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


OWENS CORNING: Posts $1.77 Million Net Loss in January 2006
-----------------------------------------------------------

                           Owens Corning
                           Balance Sheet
                      As of January 31, 2006
                           (In Thousands)

Current Assets:
    Cash and cash equivalents                        $1,066,725
    Receivables                                         393,154
    Receivables, intercompany                           999,239
    Inventories, net of LIFO reserve                    202,468
    Insurance for asbestos litigation claims                  -
    Deferred income taxes                                     -
    Income tax receivable                                   926
    Other current assets                                 39,932
                                                    -----------
Total Current Assets                                  2,702,444
                                                    -----------
Other Assets:
    Insurance for asbestos litigation claims             75,220
    Restricted cash                                     198,298
    Restricted cash and securities - Fibreboard               -
    Deferred income taxes                             1,414,282
    Goodwill                                             48,568
    Investment in affiliates                             32,663
    Investment in subsidiaries                        2,022,050
    Notes receivable - intercompany                       5,270
    Other non-current assets                            462,346
                                                    -----------
Total Other Assets                                    4,258,697
                                                    -----------
Plant & Equipment:
    Land                                                 34,268
    Buildings & leasehold improvements                  548,886
    Machinery & equipment                             2,190,937
    Construction in progress                            160,174
    Less: Accumulated Depreciation                    1,641,164
                                                    -----------
Net Plant & Equipment                                 1,293,101
                                                    -----------

TOTAL ASSETS                                         $8,254,242
                                                    ===========

Liabilities not Subject to Compromise:
    Accounts payable & accrued liabilities             $638,234
    Accrued postpetition interest                       735,042
    Intercompany liabilities                          1,150,631
    Short-term debt                                           -
    Long-term debt - current portion                      1,367
                                                    -----------
Total Current Liabilities                             2,525,274

Long-Term Debt                                            9,382

Other:
    Other employee benefits liability                   239,607
    Pension plan liability                              577,445
    Other liability                                     171,963
                                                    -----------
Total Non-Current Liabilities                           989,015
                                                    -----------
Total Postpetition Liabilities                        3,523,671
                                                    -----------
Prepetition Liabilities:
    Accounts payable and accrued liabilities            270,400
    Other employee benefits liability                   181,874
    Pension plan liability                                    -
    Debt - US bank credit facility                    1,450,986
    Debt - bonds & other                              1,500,967
    Asbestos-related liability                        6,166,734
    Intercompany                                      2,452,666
    Other                                                     -
                                                    -----------
Total Prepetition Liabilities                        12,023,627
                                                    -----------
Total Liabilities                                    15,547,298
                                                    -----------

Minority Interest                                             -

Stockholder's Equity:
    Common stock                                        697,252
    Retained earnings (deficit)                      (7,658,580)
    Accumulated Comprehensive Income (Loss)              (6,287)
    Other                                              (325,441)
                                                    -----------
Net Stockholder's Equity                             (7,293,056)
                                                    -----------
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY             $8,254,242
                                                    ===========


                           Owens Corning
                      Statement of Operations
               For the Month Ended January 31, 2006
                          (In Thousands)

Net sales                                              $368,778
Cost of Sales                                           313,208
                                                    -----------
Gross Margin                                             55,570

Operating Expenses:
    Marketing & administrative expenses                  28,639
    Science & technology expenses                         1,892
    Provision for asbestos litigation claims                  -
    Insider compensation                                    823
    Restructure costs                                         -
    Other                                                 6,138
                                                    -----------
Income from Operations                                   18,078

Other Expenses:
    Cost of borrowed funds                                  127
    Other                                                     -
                                                    -----------
Income Before Reorganization Items                       17,951

Reorganization Items:
    Professional fees                                     4,470
    U.S. Trustee quarterly fees                               -
    Interest earned on accum. cash from chapter 11       (2,860)
    (Gain) Loss from sale of equipment                        -
    (Gain) Loss from settlement of liabilities                -
    Other reorganization expenses                         2,082
                                                    -----------
Total Reorganization Expenses                             3,692
                                                    -----------

Income Before Income Taxes                               14,259
Provision for Income Tax                                 16,033
                                                    -----------
Income (Loss) Before Minority Interest and
    Equity in Net Loss of Affiliates                     (1,774)
Minority interest                                             -
Equity in net income (loss) of affiliates                     -
                                                    -----------
Net Income (Loss)                                       ($1,774)
                                                    ===========


                           Owens Corning
             Statement of Cash Receipts & Disbursements
                For the Month Ended January 31, 2006
                           (In Thousands)

Cash, beginning of month                             $1,105,263

Receipts:
    Customer receipts                                   329,754
    Intercompany sales                                    5,833
    Loans & advances                                          -
    Sale of assets                                            -
    Other receipts                                       22,308
    Intercompany transfers                               92,004
    Transfers from DIP                                  312,492
                                                    -----------
Total Receipts                                         $762,391

Disbursements:
    Net payroll                                          49,730
    Payroll taxes                                            28
    Sales use & other taxes                              12,079
    Inventory purchases                                 137,732
    Insurance                                             1,565
    Administrative & selling                             75,454
    Other                                               119,255
    Intercompany transfers                               90,865
    Transfers to DIP                                    312,492
    Professional Fees                                     1,714
    U.S. Trustee Quarterly Fees                              14
    Court costs                                               -
    Adjustment                                                -
                                                    -----------
Total Disbursements                                    $800,928
Net Cash Flow                                           (38,537)
                                                    -----------
Cash, end of month                                   $1,066,726
                                                    ===========

Owens Corning -- http://www.owenscorning.com/-- manufactures
fiberglass insulation, roofing materials, vinyl windows and
siding, patio doors, rain gutters and downspouts.  Headquartered
in Toledo, Ohio, the Company filed for chapter 11 protection on
October 5, 2000 (Bankr. Del. Case. No. 00-03837).   Norman L.
Pernick, Esq., at Saul Ewing LLP, represents the Debtors.  Elihu
Inselbuch, Esq., at Caplin & Drysdale, Chartered, represents the
Official Committee of Asbestos Creditors.  James J. McMonagle
serves as the Legal Representative for Future Claimants and is
represented by Edmund M. Emrich, Esq., at Kaye Scholer LLP.  
(Owens Corning Bankruptcy News, Issue No. 129; Bankruptcy
Creditors' Service, Inc., 215/945-7000).


SAINT VINCENTS: Files Monthly Operating Report for February 2006
----------------------------------------------------------------

                          SVCMC Debtors
               Unaudited Consolidated Balance Sheet
                     As of February 28, 2006

ASSETS
Cash & Cash Equivalents                             $21,814,447
Investments                                                   -
Patients Accounts Receivable, less allowance for
   doubtful accounts                                182,407,749
Accounts Receivable                                  36,217,113
Other Current Assets                                 64,627,677
                                                  --------------
   Total Current Assets                             305,066,986

Depreciation Reserve Funds & Collaterized Assets     13,708,723
Assets Designated for Self-Insurance
   Investments at Market                             45,048,275
Assets whose use is limited -
   Investments at Market                             53,086,077
Other Non-Current Assets                             22,571,970

Land, Buildings & Equipment, net of
   Accumulated Depreciation                         279,038,782
                                                 --------------
    Total Assets                                   $718,520,813
                                                 ==============

LIABILITIES AND NET ASSETS
Liabilities Subject to Compromise:
   HFG Loan                                                   -
   Accounts Payable & Accrued Expenses             $234,975,020
   Estimated Retroactive Payables to
      Third Parties, net                            117,115,693
   Long-term Debt                                   130,314,130
   Long-term Debt, excluding current installments             -
   Estimated Liability for Self-Insurance           232,578,983
                                                 --------------
   Total Liabilities Subject to Compromise          714,983,826

Liabilities Not Subject to Compromise:
   Accrued Salaries & Payroll Taxes Withheld         51,881,573
   Accounts Payables & Accrued Expenses              92,410,404
   Long-term Debt (GE)                              169,000,000
                                                 --------------
   Total Liabilities                              1,028,275,803

Net Assets:
   Unrestricted                                    (368,136,949)
   Temporarily Restricted                            32,742,415
   Permanently Restricted                            25,639,544
                                                 --------------
   Total Net Assets                                (309,754,990)
                                                 --------------
   Total Liabilities & Net Assets                  $718,520,813
                                                 ==============

                          SVCMC Debtors
             Unaudited Consolidated Income Statement
               From February 1 to February 28, 2006

Operating Revenue
   Inpatient                                        $60,398,963
   Outpatient                                        28,173,730
                                                 --------------
      Patient Service Revenue                        88,572,694
                                                 --------------
   Less Provision for Bad Debt                        8,840,476
                                                 --------------
      Net Patient Service Revenue                    79,732,218
                                                 --------------
   Pool Revenue                                       3,851,914
   Capitation                                         7,321,517
   Other                                              8,788,767
                                                 --------------
   Total Operating Revenue                           99,694,416

Operating Expenses:
   Salaries and Wages                                42,673,592
   Fringe Benefits                                   12,662,165
   Supplies and Other                                33,453,048
   Insurance                                          4,224,754
                                                 --------------
   Total Direct Operating Costs                      93,013,559

   Salaries and Wages                                 2,443,650
   Fringe Benefits                                      748,717
   Supplies and Other                                 5,983,889
                                                 --------------
   Total Corporate Allocated                          9,176,255
                                                 --------------
   Total Operating Expense                          102,189,814
                                                 --------------
Interest                                              2,236,017
Depreciation                                          3,601,055
                                                 --------------
   Operating Gain (Loss) Before
      Non-Recurring and/or Unusual Items             (8,332,470)

Non-Recurring and/or Unusual Items:
   Discontinued Operations (St. Mary's)                       -
   St. Mary's Op Pac Rate Adjustment                          -
   ZBEC/HFE Recoveries                                        -
   Restructuring & Bankruptcy Related Costs          (1,806,479)
   Estimated Close-out of St. Mary's                          -
   Hanys Investment Income (SFS INS)                          -
   Prior Period Ambulance Revenue                             -
   Transfer of Equity Foundation                              -
                                                 --------------
   Total Non-Recurring and/or Unusual Items          (1,806,479)
                                                 --------------
   Operating Gain (Loss) After
      Non-Recurring and/or Unusual Items            (10,138,949)
                                                 --------------
Non-Operating Revenue                                  (775,855)
Change in Temporary Restricted Net Assets              (126,395)
                                                 --------------
   Change in Net Assets                            ($11,041,199)
                                                 --------------
   EBITDA                                           ($2,495,398)
                                                 ==============


                          SVCMC Debtors
                Unaudited Statement of Cash Flows
                From February 1 to February 28, 2006

Cash Flows from Operation Activities:
   Changes in Net Assets                           ($11,041,199)

Adjustments to Reconcile Changes in Net Assets
   to Net Cash Provided by Operating Activities:
   Depreciation & Amortization                        3,601,055
   Gain on Refinancing                                        -
   Change in Unrealized Gains & Losses               (1,346,203)
   Change in Patient's Accounts Receivable           (1,518,231)
   Change in Accounts Receivables, Other               (314,595)
   Change in Prepaid Expenses & Other                   217,800
   Change in Other Non-Current Assets                  (307,995)
   Change in Accounts Payable &
      Accrued Exp-Prepetition                          (970,440)
   Change in Accounts Payable &
      Accrued Exp-Postpetition                                -
   Change in Accrued Salaries & P/R Taxes              (478,905)
   Change in Est. Retro rec/pay
      from/to third parties                           1,532,378
   Change in Est. Liability for self-insurance                -
   Change in Other Non-Current Liabilities            3,034,604
                                                 --------------
   Net Cash Provided by Operating Activities         (7,591,731)

Cash flows From Investment Activities:
   Sale of Investments, Net                              18,844
   Sale of Assets Whose Use is Limited                2,121,821
   Acquisition/Sale of Land, Building,
      & Equipment                                    (1,191,214)
                                                 --------------
   Net Cash Provided by Investing Activities            949,451

Cash flows From Financing Activities:
   Proceeds/Repayment From/of Working Capital Loan            -
   Proceed from issuance of Long-term debt                    -
   Repayment of Long-term debt                         (245,968)
                                                 --------------
   Net Cash (Used) in Financing Activities             (245,968)

   Net Increase (Decrease)
      in Cash & Cash Equivalents                     (6,888,248)

   Cash & Cash Equivalents at Beginning of Month     28,702,694
                                                 --------------
   Cash & Cash Equivalents at End of the Month      $21,814,446
                                                 ==============

Headquartered in New York, New York, Saint Vincents Catholic
Medical Centers of New York -- http://www.svcmc.org/-- the
largest Catholic healthcare providers in New York State, operate
hospitals, health centers, nursing homes and a home health agency.
The hospital group consists of seven hospitals located throughout
Brooklyn, Queens, Manhattan, and Staten Island, along with four
nursing homes and a home health care agency.  The Company and six
of its affiliates filed for chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary
Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will &
Emery, LLP, filed the Debtors' chapter 11 cases.  On Sept. 12,
2005, John J. Rapisardi, Esq., at Weil, Gotshal & Manges LLP took
over representing the Debtors in their restructuring efforts.
Martin G. Bunin, Esq., at Thelen Reid & Priest LLP, represents the
Official Committee of Unsecured Creditors.  As of Apr. 30, 2005,
the Debtors listed $972 million in total assets and $1 billion in
total debts.  (Saint Vincent Bankruptcy News, Issue No. 24;
Bankruptcy Creditors' Service, Inc., 215/945-7000)

                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
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Each Tuesday edition of the TCR contains a list of companies with
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                             *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marie Therese V. Profetana, Shimero Jainga, Joel Anthony
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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.

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