TCR_Public/060603.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, June 3, 2006, Vol. 10, No. 131

                             Headlines

ADELPHIA COMMS: Files Monthly Operating Report for April 2006
ADELPHIA COMMS: Century/ML Files Operating Report for April 2006
DELPHI CORPORATION: Posts $56 Million Net Loss in March 2006
ENTERGY NEW ORLEANS: Earns $6.9 Mil. for the Month of March 2006
FEDERAL-MOGUL: Posts $37.1 Million Net Loss in April 2006

FOAMEX INTERNATIONAL: Posts $1.5 Million Net Loss in April 2006
INTEGRATED ELECTRICAL: Posts $18 Million Net Loss in March 2006
INTERSTATE BAKERIES: Files Monthly Operating Report for March 2006
KUSHNER-LOCKE: Files March 2006 Monthly Operating Reports
MUSICLAND HOLDING: Posts $12.5 Million Net Loss in April 2006

O'SULLIVAN INDUSTRIES: Files Operating Report for February 2006
O'SULLIVAN INDUSTRIES: Virginia Files Feb. 2006 Operating Report
SOLUTIA INC: Posts $22 Mil. Net Loss in Four Weeks Ended March 31
SOLUTIA INC: Posts $8 Mil. Net Loss in Four Weeks Ended April 30
TELEVIDEO INC: Files Monthly Operating Report for April 2006

                             *********

ADELPHIA COMMS: Files Monthly Operating Report for April 2006
-------------------------------------------------------------

             Adelphia Communications Corporation, et al.
                Unaudited Consolidated Balance Sheet
                        As of April 30, 2006
                       (Dollars in thousands)

                               ASSETS

Cash and cash equivalents                              $475,220
Restricted cash                                         265,122
Accounts receivables - net                              112,840
Receivable for securities                                10,029
Other current assets                                    169,114
                                                    -----------
Total current assets                                  1,032,325

Restricted cash                                           2,735
Investments in equity affiliates                          5,984
Property and equipment - net                          4,274,534
Intangible assets - net                               7,495,998
Other noncurrent assets - net                           117,542
                                                    -----------
Total Assets                                        $12,929,118
                                                   ============

                LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable                                        $71,005
Subscriber advance payments and deposits                 35,967
Payable to non-filing entities                            1,904
Accrued liabilities                                     560,094
Deferred income                                          21,114
Current portion of parent and subsidiary debt           941,239
                                                    -----------
Total current liabilities                             1,631,323

Other liabilities                                        32,014
Deferred income                                          55,645
Deferred income taxes                                   883,135
                                                    -----------
Total noncurrent liabilities                            970,794

Liabilities subject to compromise                    18,523,049
                                                    -----------
Total liabilities                                    21,125,166

Minority interests in equity of subsidiary               69,805

Stockholders' equity:
    Series preferred stock                                  397
    Class A and Class B common stock                      2,548
    Additional paid-in capital                        9,516,510
    Accumulated other comprehensive income                   94
    Accumulated deficit                             (17,757,465)
    Treasury stock, at cost                             (27,937)
                                                    -----------
Total stockholders' equity                           (8,265,853)
                                                    -----------
Total liabilities and stockholders' equity          $12,929,118
                                                   ============


             Adelphia Communications Corporation, et al.
           Unaudited Consolidated Statement of Operations
                     Month Ended April 30, 2006
                       (Dollars in thousands)

Revenue                                                $394,265
Cost and expenses:
    Direct operating and programming                    223,617
    Selling, general and administrative                  29,576
    Investigation, re-audit and sale transaction co       1,337
    Depreciation and amortization                        73,200
    Impairment of long-lived assets                           -
    Provision for uncollectible amounts from Rigases          -
    Gains on dispositions of long-lived assets             (238)
                                                      ---------
Operating income (loss)                                  66,773

Other income (expense):
    Interest expense                                    (54,802)
    Impairment of cost & available for sale investment        -
    Other income (expense) - net                         (2,978)
                                                    -----------
       Total other expense - net                        (57,780)
                                                    -----------
Loss from continuing operations before reorganization     8,993

Reorganization expenses due to bankruptcy                (9,521)
                                                    -----------
Loss from continuing operations before income taxe         (528)
Income tax benefit                                            -
Share of losses of equity affiliates - net                 (283)
Minority's interest in subsidiary losses - net              569
                                                    -----------
Net loss                                                   (242)
Beneficial conversion feature                                 -
                                                    -----------
Net loss applicable to common stockholders                ($242)
                                                         ======


             Adelphia Communications Corporation, et al.
           Unaudited Consolidated Statement of Cash Flows
                 For the Month Ended April 30, 2006
                       (Dollars in thousands)

Cash flows from operating activities:
    Net loss                                              ($242)
    Adjustments to reconcile net loss to net cash
    provided by (used in) operating activities:
       Depreciation and amortization                     73,200
       Impairment of long-lived assets                        -
       Provision for uncollectible amounts from Rig           -
       Gains on disposition of long-lived assets           (238)
       Amortization of debt issuance costs                  224
       Impairment of cost & available for sale investments    -
       Reorganization expenses due to bankruptcy          9,521
       Deferred tax expense (benefit)                         -
       Share in losses of equity affiliates - net           283
       Minority interest in losses of subsidiaries         (569)
       Other noncash gains                                2,825
       Depreciation, amortization and other non-cash
          items from discontinued operations                  -
       Change in operating assets & liabilities         (29,636)
                                                    -----------
Net cash provided by operating activities before
payment of reorganization expenses                       55,368

Reorganization expenses paid during the period          (10,935)
                                                    -----------
Net cash provided by (used in) operating activities      44,433

Cash flows from investing activities:
    Expenditures for property, plant and equipment      (44,889)
    Changes in restricted cash                             (591)
    Proceeds from sale of investments                         -
    Other                                                  (437)
                                                    -----------
Net cash used in investing activities                   (45,917)

Cash flows from financing activities:
    Proceeds from debt                                   16,000
    Repayments of debt                                     (968)
    Payment of debt issuance costs                            -
                                                    -----------
Net cash provided by financing activities                15,032

Change in cash and cash equivalents cash                 13,548

Cash, beginning of period                               461,672
                                                    -----------
Cash, end of period                                    $475,220
                                                      =========


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


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

                          Statement of Account
                 For the Month ended April 30, 2006

     Beginning Balance                                 $1,483,471
     Additions                                              6,673
     Disbursements                                        217,906
                                                       ----------
     Closing Balance                                   $1,272,238
                                                      ===========

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

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


DELPHI CORPORATION: Posts $56 Million Net Loss in March 2006
------------------------------------------------------------

                    Delphi Corporation, et al.
               Unaudited Consolidated Balance Sheet
                      As of March 31, 2006
                          (In Millions)

                              ASSETS

Current assets:
   Cash and cash equivalents                               $984
   Accounts receivable, net:
      General Motors and affiliates                       1,967
      Other third parties                                 1,408
      Non-Debtor subsidiaries                               316
   Notes receivable from non-Debtor subsidiaries            355
   Inventories, net:
      Productive material, work-in-process and supplies     830
      Finished goods                                        310
   Prepaid expenses and other                               313
                                                       --------
      TOTAL CURRENT ASSETS                                6,483
                                                       --------
Long-term assets:         
   Property, net                                          2,562
   Goodwill                                                  40
   Other intangible assets                                   40
   Pension intangible assets                                871
   Investments in non-Debtor subsidiaries                 3,127
   Other                                                    719
                                                       --------
TOTAL ASSETS                                            $13,842
                                                       ========

              LIABILITIES AND STOCKHOLDERS' DEFICIT         

Current liabilities not subject to compromise:
   Accounts payable                                       1,189
   Accounts payable to non-Debtor subsidiaries              465
   Accrued liabilities                                      495
                                                       --------
   TOTAL CURRENT LIABILITIES                              2,149
                                                       --------
Long-term liabilities not subject to compromise:         
   Debtor-in-possession financing                           250
   Employee benefit plan obligations and other              523
                                                       --------
   TOTAL LONG-TERM LIABILITIES                              773
                                                       --------
Liabilities subject to compromise                        17,505
                                                       --------
   TOTAL LIABILITIES                                     20,427
                                                       --------
Stockholders' deficit:
   Common stock                                               6
   Additional paid-in capital                             2,683
   Accumulated deficit                                   (7,035)
   Minimum pension liability                             (2,052)
   Accumulated other comprehensive loss                    (135)
   Treasury stock, at cost                                  (52)
                                                       --------
   TOTAL STOCKHOLDERS' DEFICIT                           (6,585)
                                                       --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT             $13,842
                                                       ========


                   Delphi Corporation, et al.
          Unaudited Consolidated Statement of Operations
                   Month Ended March 31, 2006
                          (In Millions)

Net sales:                  
   General Motors and affiliates                         $1,054
   Other customers                                          644
   Intercompany non-Debtor subsidiaries                      54
                                                       --------
Total net sales                                           1,752
                                                       --------
Operating expenses:                  
   Cost of sales, excluding items listed below            1,711
   Selling, general and administrative                       89
   Depreciation and amortization                             45
   Goodwill and long-lived asset impairment charges           -
                                                       --------
Total operating expenses                                  1,845
                                                       --------
Operating loss                                              (93)

Interest expense                                            (31)
Other expense, net                                           (3)

Reorganization items                                         (3)
Income tax expense                                           (2)
Equity income from non-consolidated subsidiaries              6
Equity income from non-Debtor subsidiaries, net of tax       70
                                                       --------
NET LOSS                                                   ($56)
                                                       ========


                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Cash Flows
                  Month Ended March 31, 2006
                          (In Millions)

Cash flows from operating activities:         
   Net loss                                                ($56)
   Adjustments to reconcile net loss
    to net cash provided by operating activities:         
    Depreciation and amortization                            45
    Pension and other postretirement benefit expenses       125
    Equity income from unconsolidated subsidiaries, net      (6)
    Equity income from non-Debtor subsidiaries, net of tax  (70)
    Reorganization items                                      3
   Changes in operating assets and liabilities:         
    Accounts receivable, net                               (240)
    Inventories, net                                         49
    Prepaid expenses and other                               17
    Accounts payable, accrued and other long-term debts      66
    Pension contributions                                    (1)
    Other postretirement benefit payments                   (21)
    Receipts (payments) for reorganization items, net        (2)
    Other                                                   (10)
                                                       --------
Net cash used in operating activities                      (101)
        
Cash flows from investing activities:
   Capital expenditures                                     (42)
   Proceeds from sale of property                             1
                                                       --------
Net cash used in investing activities                       (41)

Cash flows from financing activities:         
   Repayments of note payable to non-Debtor subsidiary       (2)
   Repayments of other debt                                  (1)
                                                       --------
Net cash used in financing activities                        (3)
                                                       --------
Decrease in cash and cash equivalents                      (145)
Cash and cash equivalents at beginning of period          1,129
                                                       --------
Cash and cash equivalents at end of period                 $984
                                                         ======

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


ENTERGY NEW ORLEANS: Earns $6.9 Mil. for the Month of March 2006
----------------------------------------------------------------

                     Entergy New Orleans, Inc.
                          Balance Sheet
                      As of March 31, 2006
                         (in thousands)

ASSETS
Current Assets:
Cash and cash equivalents                              $25,530
Temporary cash investments                                   -
                                                    ----------
Total cash and cash equivalents                         25,530

Accounts receivable:
Customer                                                85,005
Allowance for doubtful accounts                        (23,637)
Associated companies                                    12,894
Other                                                    7,313
Accrued unbilled revenues                               16,385
                                                    ----------
Total accounts receivable                               97,960

Deferred fuel costs                                     26,012
Fuel inventory                                           1,228
Materials and supplies                                   6,769
Prepayments and other                                   62,412
                                                    ----------
Total current assets                                   219,911

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                                               745,260
Natural gas                                            191,720
Construction work in progress                           33,706
                                                    ----------
Total Utility Plant                                    970,686

Less - accumulated depreciation and amortization       434,814
                                                    ----------
Utility plant - net                                    535,872

Deferred Debits and Other Assets
Regulatory assets:
Other regulatory assets                                165,040
Long term receivables                                    1,812
Other                                                   34,897
                                                    ----------
Total deferred debits and other assets                 201,749
                                                    ----------
TOTAL ASSETS                                          $961,898
                                                    ==========

LIABILITIES:

Postpetition liabilities:
Taxes payable                                           $3,431
Accounts payable                                        48,366
DIP credit facility                                     80,000
                                                    ----------
Total postpetition liabilities                         131,797

Current liabilities:
Currently maturing long-term debt                            -
Notes payable                                           15,000
Accounts payable:
Associated companies                                    56,824
Other                                                   85,810
Customer deposits                                       13,343
Taxes accrued                                                -
Accumulated deferred income taxes                          176
Interest accrued                                         2,950
Energy efficiency program provision                          -
Other                                                      993
                                                    ----------
Total current liabilities                              175,096

Non-current liabilities:
Accumulated deferred income taxes & taxes accrued      134,727
Accumulated deferred investment tax credits              3,464
SFAS 109 regulatory liability - net                     58,295
Other regulatory liabilities                                 -
Accumulated provisions                                   7,904
Pension liability                                       37,159
Long-term debt                                         229,863
Other                                                    8,240
                                                    ----------
Total non-current liabilities                          479,652
                                                    ----------
Total Liabilities                                      786,545

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                      (14,058)
                                                    ----------
Total shareholders equity                              175,353
                                                    ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY            $961,898
                                                    ==========


                     Entergy New Orleans, Inc.
                      Statement of Operations
                    Month Ended March 31, 2006
                           (in thousands)

Operating Revenues
Domestic electric                                      $39,553
Natural gas                                             10,861
                                                    ----------
Total operating revenues                                50,414

Operating Expenses:
Operation and maintenance
Fuel                                                    10,152
Purchased power                                         16,816
Other operation and maintenance                          5,426
Taxes other than income taxes                            2,670
Depreciation and amortization                            1,997
Other regulatory charges - net                             348
                                                    ----------
Total operating expenses                                37,409
                                                    ----------
Operating income                                        13,005

Other income:
Allowance for equity funds used                      
during construction                                       (399)
Interest and dividend income                               286
Miscellaneous - net                                        (57)
                                                    ----------
Total other income                                        (170)

Interest and other charges:
Interest on long-term debt                                  62
Other interest-net                                         760
Allowance for borrowed funds used                     
during construction                                        321
                                                    ----------
Total interest and other charges                         1,143

Income (loss) before income taxes                       11,692
Income taxes                                             4,752
                                                    ----------
NET INCOME                                              $6,940
                                                    ==========


                   Entergy New Orleans, Inc.
          Cash Receipts and Disbursement Statement
                  Month Ended March 31, 2006

Beginning cash balance                             $37,504,368

Cash receipts                                       60,372,565
Cash disbursements                                 (72,347,250)
                                                   -----------
Net cash flow                                      (11,974,685)
                                                   -----------
ENDING CASH BALANCE                                $25,529,683
                                                   ===========

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


FEDERAL-MOGUL: Posts $37.1 Million Net Loss in April 2006
---------------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                     Unaudited Balance Sheet
                      As of April 30, 2006
                          (In millions)

                             Assets

Cash and equivalents                                     $790.1
Accounts receivable                                       623.4
Inventories                                               443.9
Deferred taxes                                             95.7
Prepaid expenses and other current assets                  96.3
                                                     ----------
Total current assets                                    2,049.4
  
Summary of Unpaid Postpetition Debits                     (71.3)
Intercompany Loans Receivable                           2,153.3
                                                     ----------
Intercompany Balances                                   2,082.0
  
Property, plant and equipment                             863.8
Goodwill                                                  946.6
Other intangible assets                                   407.9
Insurance recoverable                                     797.7
Other non-current assets                                  942.6
                                                     ----------
Total Assets                                           $8,090.0
                                                     ==========
  
               Liabilities and Shareholders' Equity  
  
Short-term debt                                          $550.5
Accounts payable                                          255.6
Accrued compensation                                       63.3
Restructuring and rationalization reserves                 16.3
Current portion of asbestos liability                         -
Interest payable                                            5.2
Other accrued liabilities                                 244.9
                                                     ----------
Total current liabilities                               1,135.8
  
Long-term debt                                                -
Post-employment benefits                                1,935.3
Other accrued liabilities                                 803.9
Liabilities subject to compromise                       6,000.7
  
Shareholders' equity:  
   Preferred stock                                      1,050.6
   Common stock                                           565.8
   Additional paid-in capital                           8,057.8
   Accumulated deficit                                (10,264.6)
   Accumulated other comprehensive income              (1,195.2)
   Other                                                      -
                                                     ----------
Total Shareholders' Equity                             (1,785.6)
                                                     ----------
Total Liabilities and Shareholders' Equity             $8,090.0
                                                     ==========

  
                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Operations  
                For the Month Ended April 30, 2006  
                          (In millions)  
  
Net sales                                                $265.2
Cost of products sold                                     220.5
                                                     ----------
Gross margin                                               44.7
  
Selling, general & administrative expenses                (46.7)
Amortization                                               (1.2)
Reorganization items                                       (5.7)
Interest expense, net                                     (12.7)
Other expense, net                                        (14.7)
                                                     ----------
Earnings before Income Taxes                              (36.4)
  
Income Tax Benefit                                          0.7
                                                     ----------
Earnings before effect of change in acctg. principle      (37.1)
Cumulative effect of change in acctg. principle               -
                                                     ----------
Net Loss                                                 ($37.1)
                                                     ==========


                Federal-Mogul Global, Inc., et al.  
                Unaudited Statement of Cash Flows  
                For the month ended April 30, 2006
                          (In millions)  
  
Cash Provided From (Used By) Operating Activities:  
   Net  Loss                                             ($37.1)
Adjustments to reconcile net loss to net cash:  
   Depreciation and amortization                           12.8
   Adjustments of assets held for sale to fair value       23.5
   Asbestos Charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg. principle            -
   Change in post-employment benefits                       4.4
   Decrease/(increase) in accounts receivable               2.8
   Decrease/(increase) in inventories                       2.1
   Increase/(decrease) in accounts payable                 23.9
   Change in other assets and other liabilities           (17.4)
   Change in restructuring charge                          (6.5)
   Refunds (payments) against asbestos liability              -
                                                     ----------
Net Cash Provided From Operating Activities                 8.5
  
Cash Provided From (Used By) Investing Activities:  
   Expenditures for property, plant & equipment            (5.1)
   Proceeds from sale of property, plant & equipment          -
   Proceeds from sale of businesses                           -
   Business acquisitions, net of cash acquired                -
   Other                                                      -
                                                     ----------
Net Cash Used By Investing Activities                      (5.1)
  
Cash Provided From (Used By) Financing Activities:  
   Increase (decrease) in debt                              9.8
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                   21.4
                                                     ----------
Net Cash Provided From Financing Activities                31.2
  
Increase in Cash and equivalents                           34.6
  
Cash and equivalents at beginning of period               755.5
                                                     ----------
Cash and equivalents at end of period                    $790.1
                                                     ==========

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 some
$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 $10.15 billion
in assets and $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. 109; Bankruptcy Creditors' Service, Inc., 215/945-7000)

FOAMEX INTERNATIONAL: Posts $1.5 Million Net Loss in April 2006
---------------------------------------------------------------

             Foamex International, et al., as Debtors
                    Consolidated Balance Sheet
                       As of April 30, 2006

                               ASSETS

Current Assets
   Cash                                              $5,859,000
   Accounts Receivable, net                         189,581,000
   Inventory                                        108,815,000
   Other current assets                              24,848,000
                                                  -------------
Total current assets                                329,103,000

Land & land improvements                              4,951,000
Buildings                                            86,766,000
Leasehold improvement                                 5,910,000
Machinery & Equipment                               201,827,000
Furniture & Fixtures                                  5,128,000
Auto equipment                                        7,774,000
Computer equipment                                    8,146,000
Construction in progress                              1,576,000
Accumulated depreciation                           (224,781,000)
                                                  -------------
Total property plant & equipment, net                97,297,000


Goodwill, net                                        86,191,000
Debt Issuance costs, net                              3,419,000
Investment in subsidiaries                           17,534,000
Long-term intercompany receivable                     4,850,000
Other Assets                                         50,250,000
                                                  -------------
Total Assets                                       $588,645,000
                                                  =============

               LIABILITIES & STOCKHOLDERS' DEFICIENCY

Current Liabilities
   Revolver borrowings                             $101,378,000
   Current portion of long-term debt                 86,220,000
   Accounts payable                                  82,142,000
   Intercompany                                         144,000
   Accrued employee costs                            14,555,000
   Accrued rebates                                    6,784,000
   Accrued interest                                   1,604,000
   Other current liabilities                         23,236,000
                                                  -------------
Total current liabilities                           316,064,000

Long-term debt                                          306,000
Intercompany debt                                             -
Liability Subject to Compromise                     646,517,000
Other liabilities                                    24,576,000
                                                  -------------
Total Long-Term Liabilities                         671,399,000
                                                  -------------
Total Liabilities                                   987,463,000

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)                   (38,079,000)
Shareholder loans                                    (9,221,000)
Accumulated deficit                                (426,943,000)
                                                  -------------
                                                   (398,818,000)
                                                  -------------
Liabilities & Stockholders Deficiency              $588,645,000
                                                  =============


             Foamex International, et al., as Debtors
                   Consolidated Income Statement
                    Month Ended April 30, 2006

Gross Sales                                        $103,188,000
Rebates, Discount & Sale Allowance                   (4,829,000)
                                                  -------------
Net Sales                                            98,358,000

Material                                             64,625,000
Labor                                                 3,760,000
Overhead                                             11,648,000
Freight/Shipping                                      4,278,000
                                                  -------------
Cost of Sales                                        84,312,000
                                                  -------------
Gross Profit                                         14,047,000

Labor & Employee Expense                              3,108,000
Indirect Materials & Samples                             12,000
Equipment & Maintenance Expense                          43,000
Facility Expense                                        144,000
Asset Disposal Gain (Loss)                                    -
Travel & Entertainment                                  242,000
Technology                                              195,000
Professional Fees & Services                          1,391,000
Other Miscellaneous Expense                             273,000
Insurance & Tax                                         274,000
Bad debt expense                                       (266,000)
Bank/Collection Costs                                    51,000
Transportation Cost                                      11,000
Depreciation/Amortization                               303,000
Corp. Cost to COS                                      (685,000)
                                                  -------------
Selling, general & admin expenses                     5,096,000

Restructuring & Impairment Charges                       50,000
                                                  -------------
Income from operations                                8,901,000

Interest Expense                                      5,133,000

Equity in earnings of JV & non-debtor subs             (730,000)
Other Income & (Expense)                                 46,000

Professional Fees
Provision/(Gains) - Rejected Contracts                1,568,000
Bankruptcy Filing Fees                                        -
Other Expense                                                 -
Debt Adjustment Gain/Loss                                     -
                                                  -------------
Reorganization Expense (Income)                       1,568,000

Income before Tax                                     1,516,000
Tax Provision                                                -
                                                  -- -----------
Net Income                                          [$1,516,000]
                                                  =============

Headquartered in Linwood, Pa., Foamex International Inc. --
http://www.foamex.com/-- is the world's leading producer of        
comfort cushioning for bedding, furniture, carpet cushion and
automotive markets.  The Company also manufactures high-
performance polymers for diverse applications in the industrial,
aerospace, defense, electronics and computer industries.  The
Company and eight affiliates filed for chapter 11 protection on
Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685 through 05-12693).  
Attorneys at Paul, Weiss, Rifkind, Wharton & Garrison LLP,
represent the Debtors in their restructuring efforts.  Houlihan,
Lokey, Howard and Zukin and O'Melveny & Myers LLP are advising the
ad hoc committee of Senior Secured Noteholders.  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. 19; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


INTEGRATED ELECTRICAL: Posts $18 Million Net Loss in March 2006
---------------------------------------------------------------

            Integrated Electrical Services, Inc., et al.
                            Balance Sheet
                        As of March 31, 2006

Assets:
    Unrestricted Cash                                $14,496,000
    Restricted Cash                                   20,060,000
                                                  --------------
    Total Cash                                        34,556,000

    Accounts Receivable (Net)                        163,397,000
    Inventory                                         23,579,000
    Notes Receivable                                           -
    Prepaid Expenses                                  24,518,000
    Other                                             66,930,000
                                                  --------------
    Total Current Assets                             312,980,000

    Property, Plant, Equipment                        81,178,000
    Less: Accumulated Depreciation                    59,393,000
                                                  --------------
    Net Property, Plant, & Equipment                  21,785,000

    Due From Insiders                                          -
    Other Assets - Net of Amortization                24,343,000
    Other                                              7,044,000
                                                  --------------
TOTAL ASSETS                                        $366,152,000
                                                  ==============

Postpetition Liabilities:
    Accounts Payable                                 $40,397,000
    Taxes Payable                                      3,968,000
    Notes Payable                                              -
    Professional Fees                                  1,519,000
    Secured Debt                                               -
    Other                                             54,200,000
                                                  --------------
    Total Postpetition Liabilities                   100,084,000

Prepetition Liabilities:
    Secured Debt                                          12,000
    Priority Debt                                      6,361,000
    Unsecured Debt                                   258,418,000
    Other                                             18,680,000
                                                  --------------
    Total Prepetition Liabilities                    283,471,000
                                                  --------------
Total Liabilities                                    383,555,000
                                                  --------------
Equity:
    Prepetition Owners' Equity                         6,034,000
    Postpetition Cumulative Profit                   (23,437,000)
    Direct Charges to Equity                                   -
                                                  --------------
    Total Equity                                     (17,103,000)
                                                  --------------
TOTAL LIABILITIES AND OWNERS' EQUITY                $366,152,000
                                                  ==============


            Integrated Electrical Services, Inc., et al.
                          Income Statement
                 For the Month Ended March 31, 2006

Revenues:
    Gross Revenues                                   $85,179,000
    Less: Returns & Discounts                                  -
                                                  --------------
Net Revenue                                           85,179,000

Cost of Goods Sold:
    Material                                          40,424,000
    Direct Labor                                      24,201,000
    Direct Overhead                                   12,756,000
                                                  --------------
    Total Cost of Goods Sold                          77,381,000
                                                  --------------
Gross Profit                                           7,798,000
                                                  --------------
Operating Expenses:
    Officer/Inside Compensation                          253,000
    Selling & Marketing                                  493,000
    General & Administrative                          11,597,000
    Rent & Lease                                         743,000
    Other                                                      -
                                                  --------------
    Total Operating Expenses                          13,086,000
                                                  --------------
Income Before Non-Operating Income & Expense          (5,288,000)

Other Income & Expenses:
    Non-Operating Income                                       -
    Non-Operating Expense                                      -
    Interest Expense                                    (122,000)
    Depreciation/Depletion                                     -
    Amortization                                         525,000
    Other                                                232,000
                                                  --------------
Net Other Income & Expenses                             $635,000

Reorganization Expenses
    Professional Fees                                  8,151,000
    U.S. Trustee Fees                                          -
    Other                                              3,960,000
                                                  --------------
    Total Reorganization Expenses                     12,111,000

    Income Tax                                                 -
                                                  --------------
Net Profit (Loss)                                   ($18,034,000)
                                                  ==============


            Integrated Electrical Services, Inc., et al.
             Statement of Cash Receipts & Disbursements
                        March 1 to 31, 2006

Cash, Beginning of Month                             $32,764,000

Receipts from Operations:
    Cash Sales                                         1,735,000

Collection of Accounts Receivable
    Prepetition                                       44,930,000
    Postpetition                                      44,545,000
                                                  --------------
Total Operating Receipts                             $91,210,000

Non-Operating Receipts:
    Loans & Advances                                     $30,000
    Sales of Assets                                       42,000
    Other                                              2,679,000
                                                  --------------
    Total Non-Operating Receipts                       2,751,000
                                                  --------------
Total Receipts                                        93,961,000
                                                  --------------
Total Cash Available                                $126,725,000

Operating Disbursements:
    Net Payroll                                      $21,523,000
    Payroll Taxes Paid                                 7,171,000
    Sales, Use & Other Taxes Paid                        734,000
    Secured/Rental/Leases                                888,000
    Utilities                                            445,000
    Insurance                                          1,327,000
    Inventory Purchases                               21,728,000
    Vehicle Expenses                                   1,258,000
    Travel                                               285,000
    Entertainment                                        193,000
    Repairs & Maintenance                                205,000
    Supplies                                             314,000
    Advertising                                           61,000
    Other                                             34,520,000
                                                  --------------
Total Operating Disbursements                        $90,650,000

Reorganization Expenses:
    Professional Fees                                 $1,519,000
    U.S. Trustee Fees                                          -
    Other                                                      -
                                                  --------------
    Total Reorganization Expenses                      1,519,000
                                                  --------------
Total Disbursements                                  $92,168,000
                                                  --------------
Net Cash Flow                                         $1,793,000
                                                  --------------
Cash -- End of Month                                 $34,556,000
                                                  ==============

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.
Marcia L. Goldstein, Esq., and Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, represent the Official Committee of
Unsecured Creditors.  As of Dec. 31, 2005, Integrated Electrical
reported assets totaling $400,827,000 and debts totaling
$385,540,000.

The Court confirmed the Debtors' Modified Second Amended Joint
Plan of Reorganization on Apr. 26, 2006.  That plan became
effective on May 12, 2006.  (Integrated Electrical Bankruptcy
News, Issue No. 11; Bankruptcy Creditors' Service, Inc.
215/945-7000)


INTERSTATE BAKERIES: Files Monthly Operating Report for March 2006
------------------------------------------------------------------

            Interstate Bakeries Corporation and Subsidiaries
             Unaudited Consolidated Monthly Operating Report
                    Four Weeks Ended April 1, 2006

REVENUE

Gross Income                                        $224,868,134
Less Cost of Goods Sold
    Ingredients, Packaging & Outside Purchasing       55,413,478
    Direct & Indirect Labor                           42,638,547
    Overhead & Production Administration              13,396,539
                                                    ------------
       Total Cost of Goods Sold                      111,448,564
                                                    ------------
          Gross Profit                              $113,419,570
                                                    ------------

OPERATING EXPENSES

Owner-Draws/Salaries                                           -
Selling & Delivery Employee Salaries                 $55,778,847
Advertising and Marketing                              3,772,406
Insurance (Property, Casualty, & Medical)             12,450,439
Payroll Taxes                                          4,598,803
Lease and Rent                                         3,491,602
Telephone and Utilities                                1,758,430
Corporate Expense (Including Salaries)                 6,300,100
Other Expenses                                        28,603,691
                                                    ------------
    Total Operating Expenses                        $116,754,318
                                                    ------------
EBITDA                                               ($3,334,748)

Restructuring & Reorganization Charges                 2,171,966
Depreciation and Amortization                          5,703,640
Other (Income)/Expense                                    (1,890)
Gain/Loss Sale of Property                                     -
Interest Expense                                       4,303,157
                                                    ------------
Operating Income (Loss)                              (15,511,621)

Income Tax Expense (Benefit)                            (318,084)
                                                    ------------
Net Income (Loss)                                   ($15,193,537)
                                                    ============

CURRENT ASSETS
    Accounts Receivable at end of period            $148,555,879
    Increase (Dec.) in Accounts Receivable            (6,074,022)
    Inventory at end of period                        62,031,406
    Increase (Decrease) in Inventory for period        3,186,482
    Cash at end of period                             96,016,576
    Increase (Decrease) in Cash for period            (2,597,185)
    Restricted Cash                                   76,677,936
    Increase (Dec.) in Restricted Cash for period      1,996,460

LIABILITIES
    Increase (Decrease) in Liabilities
       Not Subject to Compromise                       1,200,296
    Increase (Decrease) in Liabilities
       Subject to Compromise                             956,622
    Taxes payable:
       Federal Payroll Taxes                          10,685,739
       State/Local Payroll Taxes                       8,868,464
       State Sales Taxes                                 739,571
       Real Estate and Personal Property Taxes        15,723,087
       Other                                           7,037,271
                                                    ------------
       Total Taxes Payable                           $43,054,132
                                                    ============

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

The Company and seven debtor-affiliates filed for chapter 11
protection on Sept. 22, 2004 (Bankr. W.D. Mo. Case No. 04-45814).
J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP, represent the Debtors in their
restructuring efforts.  Kenneth A. Rosen, Esq., at Lowenstein
Sandler, PC, represents the Official Committee of Unsecured
Creditors.  Peter D. Wolfson, Esq., at Sonnenschein Nath &
Rosenthal, LLP, represents the Official Committee of Equity
Security Holders.  When the Debtors filed for protection from
their creditors, they listed $1,626,425,000 in total assets and
$1,321,713,000 (excluding the $100,000,000 issue of 6% senior
subordinated convertible notes due Aug. 15, 2014, on Aug. 12,
2004) in total debts.  (Interstate Bakeries Bankruptcy News, Issue
No. 41; Bankruptcy Creditors' Service, Inc., 215/945-7000)


KUSHNER-LOCKE: Files March 2006 Monthly Operating Reports
---------------------------------------------------------
On May 26, 2006, The Kushner-Locke Company and its debtor-
affiliates filed their March 2006 Monthly Operating Reports with
the U.S. Bankruptcy Court for the Central District of California,
Los Angeles Division.

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

      Gross Profit                           $0
      Total Operating Expenses           90,595
      Total Non-Operating Expenses        6,366

      Net Income (Loss)                ($96,960)

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

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,909,099          $72,043
      Total Receipts              15,197          131,250
      Total Disbursements        120,000           96,910  
      Ending Balance          $1,804,296         $106,383
   
Full-text copies of The Kushner-Locke Company's March 2006
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?a78

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?a79

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


MUSICLAND HOLDING: Posts $12.5 Million Net Loss in April 2006
-------------------------------------------------------------

                      Musicland Holding Corp.
                    Consolidated Balance Sheet
                       As of April 30, 2006

ASSETS
Current assets
   Cash                                             $65,863,000
   Other
      Final Installment due to TransWorld            26,040,000
      Final Reimbursement to TransWorld                 404,000
      Receivables from Entertainment Weekly           1,225,000
      Receivables from Sub-Leases                       800,000
      Prepaid expenses                                1,340,000
      Receivables from Hilco                          2,060,000
      Miscellaneous CC                                  110,000
      Vendor Deposits                                 6,186,000
Other assets
   Transport Logistic deposit                           600,000
   Utility and tax deposit                              331,000
                                                  -------------
   TOTAL ASSETS                                    $104,961,000
                                                  =============

LIABILITIES & SHAREHOLDERS DEFICIT
Current liabilities
   Accounts payable
      Due to TransWorld                               1,705,000
      April Expenses unpaid until May                   536,000
   Other accrued liabilities
      Accrued Bank Fee                                  375,000
      Accrued Insurance                                 510,000
      Hilco Payable                                   1,009,000
      Logistic Accrual                                1,338,000
      Deferred Income                                   482,000
      Insurance Reserve                               3,640,000
      Accrued Payroll & Employee Benefit              7,947,000
      Sales Tax                                         767,000
   Gift Card Liabilities                                      1

DIP financing                                                 0
Other LT liabilities                                 13,958,000
Liabilities subject to compromise                   354,836,000
Shareholders' deficit                              (282,142,000)
                                                  -------------
   TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT       $104,961,001
                                                  =============


                     Musicland Holding Corp.
                     Statement of Operations
                  Period from April 1 to 30, 2006

Store operating expenses
   Payroll                                               $8,000
   Others                                               164,000

Other operating expenses
   Net advertising expense                              (87,000)
   Logistics                                          1,013,000
   Field administration & others                      1,871,000

General & administrative expenses                     1,331,000
   EBITDA (Loss)                                     (4,300,000)

   Hilco 340 Store GOB
      Unrecoverable Liquidation Expense              (3,080,000)
      Miscellaneous Asset                              (263,000)
   Chapter 11 & related charges
      Professional/Legal fees                        (3,513,000)
      Severance                                      (1,088,000)
   Sale to TransWorld
      Proceeds                                         (816,000)
      Occupancy cure costs                              345,000
      Book Value of Assets                              638,000
   Media Play Wind down                                (130,000)
                                                  -------------
      Operating income (loss)                       (12,541,000)
                                                  -------------

   Interest expense                                      (5,000)
   Other non-operating charges                           (5,000)
                                                  -------------
      Net Earnings (Loss)                          ($12,551,000)
                                                  =============


                     Musicland Holding Corp.
                     Statements of Cash Flow
                 Period from April 1 to 30, 2006

Operating activities
   Net earnings (Loss)                             ($12,551,000)
   Other current assets                               8,281,000
   Accounts payable                                    (647,000)
   Other operating liabilities                       (3,784,000)
   Liabilities subject to compromise                    435,000
                                                  -------------
   Net Cash provided by (used in)
      operating activities                           (8,266,000)
                                                  -------------
Investing activities
   Change in other long term asset/liabilities          (17,000)
                                                  -------------
   Net Cash provided by (used in)
      Investing activities                              (17,000)
                                                  -------------
Financing Activities
   Revolver borrowings                                        0
                                                  -------------
Increase (Decrease) in Cash                          (8,283,000)

   Cash at beginning of period                       74,146,000
                                                  -------------
   Cash at end of Period                            $65,863,000
                                                  =============

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


O'SULLIVAN INDUSTRIES: Files Operating Report for February 2006
---------------------------------------------------------------

                    O'Sullivan Industries, Inc.
                  Cash Receipts and Disbursements
                   Month Ended February 28, 2006

Funds at the beginning of period                        $42,943

Receipts:
   Cash sales                                                 -
      Less: Refunds                                           -
                                                    -----------
      Net cash sales                                          -

   Collection of postpetition accounts receivable             -
   Collection of prepetition accounts receivable     18,604,219
   Other receipts                                    28,234,707
                                                    -----------
      Total receipts                                 46,838,926
                                                    -----------
Total Cash Available for Operations                 $46,881,869
                                                    ===========

Disbursements:
   U.S. Trustee quarterly fee                           $10,500
   Net payroll                                        3,258,536
   Payroll taxes paid                                       125
   Professional fees                                  1,345,953
   Other taxes                                          128,507
   Rent & equipment rent                                151,214
   Other leases                                          87,157
   Telephone                                             29,422
   Utilities                                            254,148
   Travel & Entertainment                                82,106
   Vehicle expenses                                           -
   Office Expenses                                       12,628
   Advertising                                                -
   Insurance                                            913,356
   Freight                                            1,624,032
   Job-Cost raw materials                             8,432,349
   Foreign bank fees                                         17
   Repairs & maintenance                                902,538
   Payments to secured creditors                              -
   Employee benefits                                    286,483
   Other expenses                                     1,867,878
   Transfers                                         26,997,732
                                                    -----------
      Total Disbursements                            46,384,681
                                                    -----------
Ending Cash Balance                                    $497,188
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.  Michael H. Goldstein, Esq., Eric D. Winston, Esq., and
Christine M. Pajak, Esq., at Stutman, Treister & Glatt, P.C.,
represent the Official Committee of Unsecured Creditors.  On Sept.
30, 2005, the Debtor listed $161,335,000 in assets and
$254,178,000 in debts.  (O'Sullivan Bankruptcy News, Issue No. 18;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


O'SULLIVAN INDUSTRIES: Virginia Files Feb. 2006 Operating Report
----------------------------------------------------------------

               O'Sullivan Industries Virginia, Inc.
                 Cash Receipts and Disbursements
                  Month Ended February 28, 2006

Funds at the beginning of period                        $16,597

Receipts:
   Cash sales                                                 -
      Less: Refunds                                           -
      Net cash sales                                          -

   Collection of postpetition accounts receivable             -
   Collection of prepetition accounts receivable              -
   Other receipts                                         4,930
                                                    -----------
      Total receipts                                      4,930
                                                    -----------
Total Cash Available for Operations                     $21,527
                                                    ===========

Disbursements:
   Freight                                                 $264
   Repairs & maintenance                                  1,920
   Other expenses                                          2718
                                                    -----------
      Total Disbursements                                 4,902
                                                    -----------
Ending Cash Balance                                     $16,625
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.  Michael H. Goldstein, Esq., Eric D. Winston, Esq., and
Christine M. Pajak, Esq., at Stutman, Treister & Glatt, P.C.,
represent the Official Committee of Unsecured Creditors.  On Sept.
30, 2005, the Debtor listed $161,335,000 in assets and
$254,178,000 in debts.  (O'Sullivan Bankruptcy News, Issue No. 18;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


SOLUTIA INC: Posts $22 Mil. Net Loss in Four Weeks Ended March 31
-----------------------------------------------------------------

                     Solutia Chapter 11 Debtors
       Unaudited Statement of Consolidated Financial Position
                        As of March 31, 2006

                              Assets

Current Assets:
Cash                                                $233,000,000
Trade Receivables, net                               151,000,000
Account Receivables-Unconsolidated Subsidiaries       54,000,000
Inventories                                          196,000,000
Other Current Assets                                  75,000,000
                                                  --------------
Total Current Assets                                 709,000,000

Property, Plant and Equipment, net                   665,000,000
Investment in Subsidiaries and Affiliates            567,000,000
Intangible Assets, net                               100,000,000
Other assets                                          61,000,000
                                                  --------------
TOTAL ASSETS                                      $2,102,000,000
                                                 ===============

               Liabilities and Shareholders' Deficit

Current Liabilities:
Accounts Payable                                    $167,000,000
Short Term Debt                                      650,000,000
Other Current Liabilities                            165,000,000
                                                  --------------
Total Current Liabilities                            982,000,000

Other Long-Term Liabilities                          200,000,000
                                                  --------------
Total Liabilities not Subject to Compromise        1,182,000,000
Liabilities Subject to Compromise                  2,258,000,000

Shareholders' Deficit                             (1,338,000,000)
                                                  --------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT         $2,102,000,000
                                                 ===============


                     Solutia Chapter 11 Debtors
           Unaudited Consolidated Statement of Operations
                 For the Month Ended March 31, 2006

Total Net Sales                                     $192,000,000
Total Cost of Goods Sold                             182,000,000
                                                  --------------
Gross Profit                                          10,000,000
Total MAT Expense                                     17,000,000
                                                  --------------
Operating Income (Loss)                               (7,000,000)

Equity Earnings from Affiliates                        5,000,000
Interest Expense, net                                 (8,000,000)
Other Income, net                                      2,000,000
Loss on Debt Modification                             (8,000,000)

Reorganization Items:
Professional fees                                     (4,000,000)
Employee severance and retention costs                (1,000,000)
Adjustment to allowed claim amounts                    1,000,000
Other                                                          -
                                                  --------------
Total Reorganization Items                            (4,000,000)
                                                  --------------
Loss Before Taxes                                    (20,000,000)
Income Taxes                                           2,000,000
                                                  --------------
NET LOSS                                            ($22,000,000)
                                                   =============

Headquartered in St. Louis, Missouri, Solutia, Inc. --
http://www.solutia.com/-- with its subsidiaries, make and sell a
variety of high-performance chemical-based materials used in a
broad range of consumer and industrial applications.  The Company
filed for chapter 11 protection on December 17, 2003 (Bankr.
S.D.N.Y. Case No. 03-17949).  When the Debtors filed for
protection from their creditors, they listed $2,854,000,000 in
assets and $3,223,000,000 in debts.  Solutia is represented by
Richard M. Cieri, Esq., at Kirkland & Ellis.  Daniel H. Golden,
Esq., Ira S. Dizengoff, Esq., and Russel J. Reid, Esq., at Akin
Gump Strauss Hauer & Feld LLP represent the Official Committee of
Unsecured Creditors, and Derron S. Slonecker at Houlihan Lokey
Howard & Zukin Capital provides the Creditors' Committee with
financial advice.  (Solutia Bankruptcy News, Issue No. 60;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


SOLUTIA INC: Posts $8 Mil. Net Loss in Four Weeks Ended April 30
----------------------------------------------------------------

                     Solutia Chapter 11 Debtors
       Unaudited Statement of Consolidated Financial Position
                        As of April 30, 2006

                              Assets

Current Assets:
Cash                                                $155,000,000
Trade Receivables, net                               171,000,000
Account Receivables-Unconsolidated Subsidiaries       53,000,000
Inventories                                          191,000,000
Other Current Assets                                  87,000,000
                                                  --------------
Total Current Assets                                 657,000,000

Property, Plant and Equipment, net                   661,000,000
Investment in Subsidiaries and Affiliates            572,000,000
Intangible Assets, net                               100,000,000
Other assets                                          60,000,000
                                                  --------------
TOTAL ASSETS                                      $2,050,000,000
                                                 ===============

               Liabilities and Shareholders' Deficit

Current Liabilities:
Accounts Payable                                    $164,000,000
Short Term Debt                                      650,000,000
Other Current Liabilities                            161,000,000
                                                  --------------
Total Current Liabilities                            975,000,000

Other Long-Term Liabilities                          198,000,000
                                                  --------------
Total Liabilities not Subject to Compromise        1,173,000,000
Liabilities Subject to Compromise                  2,220,000,000

Shareholders' Deficit                             (1,343,000,000)
                                                  --------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT         $2,050,000,000
                                                 ===============


                     Solutia Chapter 11 Debtors
           Unaudited Consolidated Statement of Operations
                 For the Month Ended March 31, 2006

Total Net Sales                                     $187,000,000
Total Cost of Goods Sold                             171,000,000
                                                  --------------
Gross Profit                                          16,000,000
Total MAT Expense                                     18,000,000
                                                  --------------
Operating Income (Loss)                               (2,000,000)

Equity Earnings from Affiliates                        3,000,000
Interest Expense, net                                 (7,000,000)
Other Income, net                                      3,000,000

Reorganization Items:
Professional fees                                     (5,000,000)
Other                                                          -
                                                  --------------
Total Reorganization Items                            (5,000,000)
                                                  --------------
Loss Before Taxes                                     (8,000,000)
Income Taxes                                                   -
                                                  --------------
NET LOSS                                             ($8,000,000)
                                                   =============

Headquartered in St. Louis, Missouri, Solutia, Inc. --
http://www.solutia.com/-- with its subsidiaries, make and sell a
variety of high-performance chemical-based materials used in a
broad range of consumer and industrial applications.  The Company
filed for chapter 11 protection on December 17, 2003 (Bankr.
S.D.N.Y. Case No. 03-17949).  When the Debtors filed for
protection from their creditors, they listed $2,854,000,000 in
assets and $3,223,000,000 in debts.  Solutia is represented by
Richard M. Cieri, Esq., at Kirkland & Ellis.  Daniel H. Golden,
Esq., Ira S. Dizengoff, Esq., and Russel J. Reid, Esq., at Akin
Gump Strauss Hauer & Feld LLP represent the Official Committee of
Unsecured Creditors, and Derron S. Slonecker at Houlihan Lokey
Howard & Zukin Capital provides the Creditors' Committee with
financial advice.


TELEVIDEO INC: Files Monthly Operating Report for April 2006
------------------------------------------------------------
On May 26, 2006, TeleVideo, Inc., filed its April 2006 Monthly
Operating Report with the U.S. Bankruptcy Court for the District
of Delaware.

From April 1 to 30, 2006, TeleVideo, Inc.'s Profit & Loss
Statement shows:

            Gross Profit                      $51,643
            Total Operating Expenses           57,133
      
            Net Income (Loss)                ($22,413)

For the period from April 1, 2006, through April 30, 2006,
TeleVideo, Inc.'s Cash Receipts and Disbursements Report
shows:                            
                              
            Beginning Balance                $731,416
            Total Receipts                    278,046
            Total Disbursements               201,685
            Ending Balance                   $807,777

A full-text copy of the Company's April 2006 Monthly Operating
Reports are available for free at:

               http://ResearchArchives.com/t/s?a77

Headquartered in San Jose, California, TeleVideo, Inc. --
http://www.televideo.com/-- develops and manufactures Windows-
based network terminals, and specializes in the video display
terminal industry.  The Company filed for chapter 11 protection on
March 14, 2006 (Bankr. D. Del. Case No. 06-10242).  Jami B.
Nimeroff, Esq., at Buchanan Ingersoll, P.C., in Wilmington,
Delaware, represents the Debtor.  When the Debtor filed for
protection from its creditors, it listed assets totaling
$2,284,670 and debts totaling $2,692,712.

                             *********

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

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

A list of Meetings, Conferences and Seminars appears in each
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related conferences are encouraged.  Send announcements to
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On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
to freely downloadable images of these small-dollar petitions in
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Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

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

                             *********

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

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