TCR_Public/060617.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 17, 2006, Vol. 10, No. 143

                             Headlines

ASARCO LLC: Reports $47.6 Million Net Income in April 2006
DELTA AIR: Comair Files Schedules of Assets and Liabilities
DELTA AIR: DAL Global Files Schedules of Assets and Liabilities
DELTA AIR: Delta Airelite Files Schedules of Assets & Liabilities
DELTA AIR: Delta Corporate Files Schedules of Assets & Liabilities

DELTA AIR: Delta Loyalty Files Schedules of Assets & Liabilities
DELTA AIR: Delta Tech Files Schedules of Assets and Liabilities
DELTA AIR: Epsilon Trading Files Schedules of Assets & Liabilities
INTERSTATE BAKERIES: Earns $7.5 Million for Period Ended April 29
KAISER ALUMINUM: Reports $16.7 Million Net Income in April 2006

REFCO INC: Files April 2006 Monthly Operating Report
WERNER LADDER: Sept. 30 Balance Sheet Upside-Down by $312 Million
WINN-DIXIE: Posts $81.7 Million Net Loss for Period Ended May 3

                             *********

ASARCO LLC: Reports $47.6 Million Net Income in April 2006
----------------------------------------------------------

                       ASARCO LLC, et al.
                          Balance Sheet
                      As of April 30, 2006

ASSETS
     Current assets:
     Cash                                          $60,630,000
     Net accounts receivable                       132,256,000
     Inventory: lower of cost or market            236,827,000
     Prepaid expenses                               28,723,000
     Deferred income tax assets                              0
                                                 -------------
Total current assets                               458,437,000

Net property, plant and equipment                  416,655,000
Other assets
     Investment in subs                             93,965,000
     Prepaid pension and retirement plan            78,447,000
     Non-current deferred tax asset                 40,952,000
     Other                                         107,177,000
                                                --------------
Total assets                                    $1,195,632,000
                                                ==============

LIABILITIES
Postpetition liabilities:
     Accounts payable                               45,361,000
     Accrued liabilities                            12,736,000
     Debtor-in-possession financing                          0
                                                 -------------
Total postpetition liabilities                      58,098,000

Prepetition liabilities:
     Not subject to compromise - credit              4,085,000
     Not subject to compromise - other             134,904,000
     Subject to compromise                         897,156,000
                                                --------------
Total prepetition liabilities                    1,036,146,000
                                                --------------
Total liabilities                               $1,094,244,000
                                                ==============

OWNERS' EQUITY (DEFICIT)
Common stock                                       508,325,000
Additional paid-in capital                         104,578,000
Other comprehensive income                        (137,878,000)
Retained earnings: filing Date                    (536,691,000)
                                                 -------------
Total prepetition owners' equity                   (61,667,000)
Retained earnings: post-filing Date                163,055,000
                                                 -------------
Total owners' equity (net worth)                   101,388,000

Total liabilities and owners' equity            $1,195,632,000
                                                ==============


                       ASARCO LLC, et al.
              Consolidated Statement of Operations
                    Month Ending April 30, 2006

Sales                                              $90,021,000
Cost of products and services                       40,941,000
                                                 -------------
Gross profit                                        49,081,000

Operating expenses:
Selling and general & admin expenses                 2,893,000
Depreciation & amortization                          2,140,000
Provision accretion expense of asset
retirement obligation                                 143,000
                                                 -------------
Operating income                                    43,904,000

Interest expense                                       267,000
Interest Income                                       (454,000)
Reorganization Expenses                              1,113,000
Other miscellaneous (income) expenses               (5,609,000)
                                                 -------------
Income (loss) before taxes                          48,588,000
Income taxes                                           972,000
                                                 -------------
Net income                                         $47,617,000
                                                 =============

                       ASARCO LLC, et al.
           Consolidated Cash Receipts & Disbursements
                   Month Ending April 30, 2006

Receipts                                           $64,280,000
Disbursements:
Inventory material                                  12,610,000
Operating disbursements                             31,053,000
Capital expenditures                                 1,934,000
                                                 -------------
Total disbursements                                 45,597,000

Operating cash flow                                 18,683,000
Reorganization disbursements                         1,199,000
                                                 -------------
Net cash flow                                       17,484,000
Net payments to secured Lenders                              0
                                                 -------------
Net change in cash                                  17,484,000
Beginning cash balance                              43,147,000
                                                 -------------
Ending cash balances                               $60,630,000
                                                 =============

Headquartered in Tucson, Arizona, ASARCO LLC --
http://www.asarco.com/-- is an integrated copper mining,
smelting and refining company.  Grupo Mexico S.A. de C.V. is
ASARCO's ultimate parent.  The Company filed for chapter 11
protection on Aug. 9, 2005 (Bankr. S.D. Tex. Case No. 05-21207).
James R. Prince, Esq., Jack L. Kinzie, Esq., and Eric A.
Soderlund, Esq., at Baker Botts L.L.P., and Nathaniel Peter
Holzer, Esq., Shelby A. Jordan, Esq., and Harlin C. Womble, Esq.,
at Jordan, Hyden, Womble & Culbreth, P.C., represent the Debtor
in its restructuring efforts.  Lehman Brothers Inc. provides the
ASARCO with financial advisory services and investment banking
services.  Paul M. Singer, Esq., James C. McCarroll, Esq., and
Derek J. Baker, Esq., at Reed Smith LLP give legal advice to
the Official Committee of Unsecured Creditors and David J.
Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  When the Debtor filed for protection
from its creditors, it listed $600 million in total assets and
$1 billion in total debts.

The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525).  They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd.  Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since Apr. 18, 2005.

Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No.
05-21346) also filed for chapter 11 protection, and ASARCO has
asked that the three subsidiary cases be jointly administered
with its chapter 11 case.  On Oct. 24, 2005, Encycle/Texas' case
was converted to a Chapter 7 liquidation proceeding. The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7
Trustee. (ASARCO Bankruptcy News, Issue No. 23; Bankruptcy
Creditors' Service, Inc., 215/945-7000).


DELTA AIR: Comair Files Schedules of Assets and Liabilities
-----------------------------------------------------------

A.     Real Property                                          $0

B.     Personal Property
B.1    Cash on hand                                       38,661
B.2    Bank Accounts
          Bank of America -- GSO                          13,892
          Chase Manhatten, NY                              1,000
          Fifth Third GCI Account                         80,376
          Fifth Third Operating Account               13,757,250
          Fifth Third Payroll Account                      5,000
          National City -- CMN                               289
          Star Bank                                        5,007
          Suntrust -- MCO                                  3,775
          UBS                                          2,443,928
          Temporary Cash Investments                   2,474,229
B.15   Accounts Receivable
          Code share                                  12,842,745
          Interline                                    1,569,416
          Trade                                        5,872,744
          Employee                                     1,024,987
          Government                                     825,247
          Other                                          884,177
          Intercompany Receivables                    10,665,137
B.17   Other Liquidated Debts Owing Debtor
          720-Excise Tax 3rd Qtr 05 fuel claims        1,929,142
          Canadian goods & services tax refund           590,684
          CY04 Overpayment to be refunded                  5,000
          Florida Aviation tax refund 3rd Q 05            14,178
          MI Jet Fuel Refund 3rd Qtr 05                    3,947
          Property tax TY 2002-2004 Credit                 9,252
          Quebec sales tax refund                        344,176
B.21   Intellectual Property                        Undetermined
B.22   General Intangibles                          Undetermined
B.25   Aircraft
          Airframes                                1,585,659,581
          Engines                                      6,459,289
          Aircraft leasehold improvements             30,184,058
          Airframe rotables -- CRJ                    15,758,406
          Purch rotable parts CRJ 700 Airframe        21,370,513
          Engine rotables -- CRJ                         773,411
          Purch rotable parts CRJ 700 Engine           1,263,427
          Flight equipment A/D                      (285,456,500)
          Advance deposits on aircraft (refund)          (11,000)
B.26   Office Equipment
          Furniture and Fixtures                       3,331,152
          AUC -- Building Improvements                   493,168
          Furniture and Fixtures A/D                  (2,273,848)
B.27   Equipment and Supplies for Business
          Ground service / ramp equipment             65,094,138
          Tooling                                      2,235,863
          Other building improvements                 42,860,746
          A/D Ground service / ramp equipment        (31,271,796)
          A/D Tooling                                 (1,201,781)
          A/D Other building improvements            (11,242,543)
B.28   Inventory
          Inventory - general                            197,929
          Expendable inventory (net)                  25,583,613
          Aircraft fuel inventory at stations          3,682,483
B.33   Other Personal Property
          Intercompany Loan Receivables
             Delta Air Lines, Inc.                   517,109,468
          Miscellaneous prepaids                       1,733,047
          Prepaid fuel                                 7,392,940
          Prepaid taxes                                3,985,574
          Prepaid rent -- aircraft leases              9,922,696
          Prepaid insurance -- property                  395,506
          Domestic deposits paid                         257,093

       TOTAL SCHEDULED ASSETS                     $2,069,690,873
                                                 ===============

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim
          Bank of Scotland Corporate Banking         205,621,453
          Bayerische Landesbank Girozentrale         104,499,339
          Bombardier Capital, Inc.                     8,480,876
          Commerzbank AG                              16,446,321
          DVB Bank                                    37,341,411
          Export Dev't Canada Loans Operation        573,014,008
          Royal Bank of Scotland                     106,990,312
          Societe Generale Chicago Branch             10,975,107

E.     Unsecured Priority Claims                         Unknown

F.     Unsecured Non-priority Claims
          AAR Landing Gear Services                      177,088
          Adivex Technologies                            185,068
          BP Products North America Inc                  175,535
          Cincinnati Bell Telephone                      163,545
          Cintas Corporation                             317,138
          Command Security Corp                          186,832
          Dade County Aviation Dept.                     154,347
          FlightSafety International                     496,934
          Golden Touch Transportation Inc.               243,954
          Goodrich Aerospace Canada Ltd.                 326,625
          Hewlett-Packard Company                        142,930
          Intercompany Payables -- Delta              33,760,732
          Kenton Co. Airport Board                     1,160,820
          Lexington-Fayette                              145,365
          Massachusetts Port Authority                   319,615
          Metro Washington Airport                       210,700
          Minutemaid Company                             148,608
          Port Authority of NY & NJ                    1,144,617
          Professional Data Resources                    170,283
          Reebaire Aircraft, Inc.                        558,401
          Rockwell Collins                               237,475
          Rosemount Aerospace                            162,544
          South Carolina Dept. of Rev                    445,536
          Standard Aero Alliance Inc.                    655,911
          Sundstrand ATG                                 219,382
          Systems Insight, Inc.                          234,935
          Transportation Security Admin                  383,284
          Transportation Solutions Inc.                  252,565
          Treasurer City St. Louis                       227,630
          Weber Aircraft Inc.                            151,631
          Others                                      15,729,355
          Others                                         Unknown

       TOTAL SCHEDULED LIABILITIES                $1,122,258,214
                                                 ===============

                         About Delta Air

Headquartered in Atlanta, Georgia, Delta Air Lines --
http://www.delta.com/-- is the world's second-largest airline in
terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 34; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


DELTA AIR: DAL Global Files Schedules of Assets and Liabilities
---------------------------------------------------------------

A.     Real Property                                          $0

B.     Personal Property
B.1    Cash on hand                                       37,000
B.2    Bank Accounts
          Bank of America-DGS-Payroll                    702,409
          Citibank-DGS-Payroll                            19,367
          Wachovia/FirstUnion-DGS-Lockbox Dep            190,820
          Temporary Cash Investments                  21,403,763
          Restricted Cash (short term)                 3,844,591
B.12   Stock and Interests                          Undetermined
B.15   Accounts Receivable
          Trade, net of reserve                       10,087,852
          Employee                                        95,583
          Intercompany receivables                    (2,114,531)
B.17   Other Liquidated Debts Owing Debtor
          CY03 Overpayments to be refunded                11,988
          CY04 Overpayment to be refunded                 14,563
          New Mexico 2004 prepayment                       7,891
          Washington sales & use 2004 prepayment           6,790
B.21   Intellectual Property                        Undetermined
B.22   General Intangibles                          Undetermined
B.26   Office Equipment
          Furniture and Fixtures                         245,055
          Furniture and Fixtures A/D                    (244,858)
B.27   Equipment and Supplies for Business
          Ground service / ramp equipment             13,405,788
          Other building improvements                    193,184
          Asset under construction general               561,308
          A/D Ground service / ramp equipment         (2,249,388)
          A/D Other building improvements                (81,923)
          A/D Asset under construction genera           (463,859)
B.33   Other Personal Property
          Intercompany Loan Receivable
             Delta Air Lines, Inc.                     5,000,000
          ACH Undistributed Charges                       83,171
          ACH OAL Rejects -- non-transport               847,260
          Domestic Deposits Paid Recon                     4,100

       TOTAL SCHEDULED ASSETS                        $51,607,925
                                                    ============

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim                                          $0

E.     Unsecured Priority Claims                         Unknown

F.     Unsecured Non-priority Claims
          Intercompany Payables                        2,913,640
          Tug Technologies Corporation                   152,387
          Cintas Corp                                    134,412
          Netaspx, Inc.                                   67,446
          O.C. Tanner Recognition Company                 65,558
          Jacksonville Airport Authority                  64,173
          Port of Oakland                                 50,793
          Global Technologies Int'l Corp.                 43,890
          Kronos Incorporated                             41,766
          Verifications Incorporated                      40,791
          Premium Services Management, LLC                36,390
          Others                                         878,539
          Others                                         Unknown

       TOTAL SCHEDULED LIABILITIES                    $4,489,784
                                                     ===========

                         About Delta Air

Headquartered in Atlanta, Georgia, Delta Air Lines --
http://www.delta.com/-- is the world's second-largest airline in
terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 34; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


DELTA AIR: Delta Airelite Files Schedules of Assets & Liabilities
-----------------------------------------------------------------

A.     Real Property
          Hebron, Kentucky                            $3,549,277

B.     Personal Property
B.1    Cash on hand                                        7,504
B.2    Bank Accounts
          Fifth Third Lockbox                          4,601,732
          PNC Bank Cash Account                        6,754,058
B.3    Security Deposit                                  238,699
B.15   Accounts Receivable
          Trade, net of reserve                        3,030,269
B.17   Other Liquidated Debts Owing Debtor                47,531
B.22   General Intangibles                          Undetermined
B.25   Aircraft
          Airframes                                   44,858,174
          Engines                                        108,997
          Flight equipment A/D                        (3,024,673)
B.26   Office Equipment
          Furniture and Fixtures                         136,406
          Furniture and Fixtures A/D                     (92,691)
B.27   Equipment and Supplies for Business
          Ground service / ramp equipment                 81,285
          Tooling                                         39,687
          Other building improvements                  4,633,800
          Technology                                     246,800
          A/D Ground service / ramp equipment            (59,850)
          A/D Tooling                                    (38,644)
          A/D Other building improvements               (955,624)
          A/D Technology                                 (80,013)
B.28   Inventory
          Aircraft fuel inventory at stations             29,332
B.33   Other Personal Property
          Miscellaneous prepaids                         458,114
          Vendor down payments                             1,292
          Prepaid insurance -- property                  257,042

       TOTAL SCHEDULED ASSETS                        $64,828,505
                                                    ============

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim                                          $0

E.     Unsecured Priority Claims                         Unknown

F.     Unsecured Non-priority Claims
          Averitt Air Inc.                                37,009
          Bombardier Aerospace Corp.                     300,217
          Bombardier/Flexjet                              51,763
          Executive Dlight Inc.                           22,912
          Honeywell                                       39,581
          Indianapolis Jet Center Inc.                    30,653
          Jet Aviation                                    34,426
          Jet Solutions, LLC                             448,232
          Jetrider Inc.                                   45,844
          Learjet, Inc.                                  278,155
          Pratt & Whitney Canada                          38,030
          Superstition Aviation                           43,133
          Swaps Aviation Programs LLC                     30,048
          Others                                         329,924
          Others                                         Unknown

       TOTAL SCHEDULED LIABILITIES                   [$1,729,927]
                                                    ============

                         About Delta Air

Headquartered in Atlanta, Georgia, Delta Air Lines --
http://www.delta.com/-- is the world's second-largest airline in
terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 34; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


DELTA AIR: Delta Corporate Files Schedules of Assets & Liabilities
------------------------------------------------------------------

A.     Real Property                                          $0

B.     Personal Property
B.2    Bank Accounts
          Citibank-DCII Concentration-USD                335,983
B.12   Stock and Interests                          Undetermined
B.15   Accounts Receivable
          Intercompany Receivables                   188,606,465
B.21   Intellectual Property                        Undetermined
B.22   General Intangibles                          Undetermined

       TOTAL SCHEDULED ASSETS                       $188,942,448
                                                   =============

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim                                          $0

E.     Unsecured Priority Claims                         Unknown

F.     Unsecured Non-priority Claims
          American Express Travel Related Svcs.          Unknown
          GE Corporate Financial Services                Unknown
          Intercompany payables                       97,558,447
          L.A. Models                                      4,740

       TOTAL SCHEDULED LIABILITIES                   $97,563,187
                                                    ============

                         About Delta Air

Headquartered in Atlanta, Georgia, Delta Air Lines --
http://www.delta.com/-- is the world's second-largest airline in
terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 34; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


DELTA AIR: Delta Loyalty Files Schedules of Assets & Liabilities
----------------------------------------------------------------

A.     Real Property                                          $0

B.     Personal Property
B.2    Bank Accounts
          Citibank-DLMS Concentration-USD              2,659,044
          Wachovia/FirstUnion-DLMS-Lockbox Dep             5,595
          Temporary cash investments                  69,596,545
B.15   Accounts Receivable
          Trade                                      109,699,478
          Intercompany Receivables                   122,955,453
B.17   Other Liquidated Debts Owing Debtor
          GA NOL Carryback refund & CY04 over             62,006
B.22   General Intangibles                          Undetermined

       TOTAL SCHEDULED ASSETS                       $304,978,122
                                                   =============

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim
          American Express Travel Related Services  $500,000,000

E.     Unsecured Priority Claims                         Unknown

F.     Unsecured Non-priority Claims
          Intercompany payables                      408,206,807
          Others                                          62,834
          Others                                         Unknown

       TOTAL SCHEDULED LIABILITIES                  $908,269,641
                                                   =============

                         About Delta Air

Headquartered in Atlanta, Georgia, Delta Air Lines --
http://www.delta.com/-- is the world's second-largest airline in
terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 34; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


DELTA AIR: Delta Tech Files Schedules of Assets and Liabilities
---------------------------------------------------------------

A.     Real Property                                          $0

B.     Personal Property
B.1    Cash on hand                                          500
B.2    Bank Accounts
          Chase-DT FSA-Disb.                              91,552
          Chase-DT Medial/UHC-Disb.                      664,893
          Chase-DT/Metlife Disb                            9,665
          Wachovia/FirstUnion-DT-Lockbox                   5,595
          Temporary Cash Investments                  28,238,185
B.15   Accounts Receivable
          Trade                                           83,990
          VAT                                            141,204
          Intercompany Receivables                    23,985,614
B.17   Other Liquidated Debts Owing Debtor
          CY04 Overpayment to be refunded                  7,190
B.22   General Intangibles                          Undetermined
B.26   Office Equipment
          IT Equipment under Capital Lease            30,193,810
          Capital Lease A/D                          (14,021,126)
          Software Development                       668,848,469
          Furniture and Fixtures                       6,071,773
          Accumulated Amortization Software D       (371,397,839)
          Furniture and Fixtures A/D                  (5,753,786)
B.27   Equipment and Supplies for Business
          Ground service / ramp equipment                351,880
          Tooling                                        224,571
          Other building improvements                 34,682,473
          Technology                               1,054,611,302
          General equipment                            7,413,352
          Asset under construction general            82,019,541
          A/D Ground service / ramp equipment           (199,455)
          A/D Maintenance facility bldg improvements     (61,421)
          A/D Other building improvements            (18,182,985)
          A/D Technology                            (809,106,209)
          A/D General equipment                       (2,815,189)
B.33   Other Personal Property
          Intercompany Loan Receivables
             Delta Air Lines, Inc.                   270,000,000
          Miscellaneous prepaids                          14,596
          Prepaid software maintenance                 9,753,293
          Cost-non-operating general improvements     44,419,504
          A/D Cost-non-operating
             general improvements                    (17,403,456)

       TOTAL SCHEDULED ASSETS                     $1,022,891,485
                                                 ===============

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim                                          $0

E.     Unsecured Priority Claims                         Unknown

F.     Unsecured Non-priority Claims
          ACT 1 Technical & Professional                 288,548
          CISCO Systems Capital Corp                     491,443
          Intercompany Payables                       23,586,504
          Oracle Corporation                             314,994
          Others                                       6,078,545
          Others                                         Unknown

       TOTAL SCHEDULED LIABILITIES                   $30,760,033
                                                    ============

                         About Delta Air

Headquartered in Atlanta, Georgia, Delta Air Lines --
http://www.delta.com/-- is the world's second-largest airline in
terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 34; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


DELTA AIR: Epsilon Trading Files Schedules of Assets & Liabilities
------------------------------------------------------------------

A.     Real Property                                          $0

B.     Personal Property
B.2    Bank Accounts
          Citibank-Epsilon Concentration-USD           1,116,797
          Suntrust-Epsilon Master                        122,957
B.15   Accounts Receivable
          Trade                                       15,752,667
          Intercompany Receivables                    41,932,329
B.17   Other Liquidated Debts Owing Debtor
          Kentucky sales & use 2004 prepayment            71,124
B.22   General Intangibles                          Undetermined
B.28   Inventory
          Aircraft fuel inventory at stations        199,624,157
          Aircraft fuel tax inventory at stations      2,057,184
          Prepaid fuel                                62,698,824

       TOTAL SCHEDULED ASSETS                       $323,376,038
                                                   =============

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim                                          $0

E.     Unsecured Priority Claims                         Unknown

F.     Unsecured Non-priority Claims
          Kappa Capital Management, Inc.             149,400,000
          Others                                      19,841,215
          Others                                         Unknown

       TOTAL SCHEDULED LIABILITIES                  $169,241,215
                                                   =============

                         About Delta Air

Headquartered in Atlanta, Georgia, Delta Air Lines --
http://www.delta.com/-- is the world's second-largest airline in
terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 34; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


INTERSTATE BAKERIES: Earns $7.5 Million for Period Ended April 29
-----------------------------------------------------------------

            Interstate Bakeries Corporation and Subsidiaries
             Unaudited Consolidated Monthly Operating Report
                    Four Weeks Ended April 29, 2006

REVENUE

Gross Income                                        $225,659,272
Less Cost of Goods Sold
    Ingredients, Packaging & Outside Purchasing       56,000,847
    Direct & Indirect Labor                           42,923,470
    Overhead & Production Administration              11,640,578
                                                    ------------
       Total Cost of Goods Sold                      110,564,895
                                                    ------------
          Gross Profit                              $115,094,377
                                                    ------------

OPERATING EXPENSES

Owner-Draws/Salaries                                          -
Selling & Delivery Employee Salaries                $54,046,250
Advertising and Marketing                             3,901,354
Insurance (Property, Casualty, & Medical)            11,743,545
Payroll Taxes                                         4,539,698
Lease and Rent                                        3,593,172
Telephone and Utilities                               1,426,596
Corporate Expense (Including Salaries)                6,300,100
Other Expenses                                       29,540,791
                                                   ------------
    Total Operating Expenses                       $115,091,506
                                                   ------------
EBITDA                                                  ($2,871)

Restructuring & Reorganization Charges               (1,925,179)
Depreciation and Amortization                         5,703,640
Other( Income)/Expense                                   (1,884)
Gain/Loss Sale of Property                                    -
Interest Expense                                      4,059,149
                                                   ------------
Operating Income (Loss)                              (7,832,855)

Income Tax Expense (Benefit)                           (318,084)
                                                   ------------
Net Income (Loss)                                    $7,514,771
                                                   ============

CURRENT ASSETS
   Accounts Receivable at end of period            $145,016,470
   Increase (Dec.) in Accounts Receivable            (3,539,409)
   Inventory at end of period                        63,727,879
   Increase (Decrease) in Inventory for period        1,697,472
   Cash at end of period                             93,944,637
   Increase (Decrease) in Cash for period            (2,071,939)
   Restricted Cash                                   83,864,426
   Increase (Dec.) in Restricted Cash for period      7,186,490

LIABILITIES
   Increase (Decrease) in Liabilities
      Not Subject to Compromise                       2,335,941
   Increase (Decrease) in Liabilities
      Subject to Compromise                              51,693
   Taxes payable:
      Federal Payroll Taxes                          10,048,672
      State/Local Payroll Taxes                       2,124,792
      State Sales Taxes                                 771,413
      Real Estate and Personal Property Taxes        15,731,359
      Other                                           7,299,935
                                                   ------------
      Total Taxes Payable                           $35,976,171
                                                   ============

                    About Interstate Bakeries

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

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts.  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 6.0%
senior subordinated convertible notes due August 15, 2014, on
August 12, 2004) in total debts.


KAISER ALUMINUM: Reports $16.7 Million Net Income in April 2006
---------------------------------------------------------------

            Kaiser Aluminum Corporation -- All Debtors
                     Unaudited Balance Sheet
                     As of April 30, 2006
                          (In Thousands)


                             ASSETS

Cash                                                      $36,790

Receivables:
   Trade                                                  132,744
   Other                                                    8,429
                                                       ----------
Total Receivables                                         141,173

Inventories                                               137,829
Prepaid expenses and other current assets                  36,985
                                                       ----------
Total current assets                                      352,777

Investments in and advances to subsidiaries                18,816
Intercompany receivables/payables, net                    (4,336)
Property, plant, and equipment - net                      234,750
Deferred income taxes                                           -
Restricted proceeds from sale of commodity interests            -
Other assets                                            1,027,159
                                                       ----------
Total Assets                                           $1,629,166
                                                       ==========

               LIABILITIES & STOCKHOLDERS' EQUITY

Liabilities not subject to compromise:
   Accounts Payable                                       $71,906
   Accrued interest                                         1,122
   Accrued salaries, wages and related expenses            34,298
   Accrued post retirement benefit - current                    -
   Other accrued liabilities                               75,968
   Payable to affiliates                                   17,857
   Long term debt - current portion                         1,137
                                                       ----------
Total current liabilities                                 202,288

Long-term liabilities                                      51,689
Accrued postretirement benefit obligation                       1
Long-term debt                                              1,212
Liabilities subject to compromise                       4,459,334
Minority interests                                            655

Stockholders' equity:
   Preference stock                                             -
   Common stock                                               789
   Additional capital                                     538,009
Accumulated deficit - As of filing date                 (931,400)
Accumulated deficit - Post filing date                (2,684,643)
Accumulated other comprehensive income (loss)             (8,768)
Note receivable from parent                                     -
                                                       ----------
Total Liabilities & Stockholders' Equity               $1,629,166
                                                       ==========


            Kaiser Aluminum Corporation -- All Debtors
                Unaudited Statement of Operations
              For the Month Ending April 30, 2006
                          (In Thousands)

Net Sales                                                $111,680

Costs and expenses:
   Cost of products sold                                   86,817
   Depreciation & amortization                              1,584
   Selling, administrative, R&D and general                 4,246
   Other operating charges (benefits), net                (1,657)
                                                       ----------
Total costs and expenses                                   90,990
                                                       ----------
Operating income (loss)                                    20,690

Other income (expense):
   Interest expenses, net                                    (60)
   Reorganization items                                   (2,933)
   Other-net                                                  120
                                                       ----------
Income (loss) before
   income taxes and minority interest                      17,817
(Provision) benefit for income taxes                        (986)
Minority interests                                              -
Equity in income (loss) of subsidiaries                     (110)
                                                       ----------
Net income (loss)                                         $16,721
                                                       ==========


            Kaiser Aluminum Corporation -- All Debtors
     Schedule of Consolidated Cash Receipts and Disbursements
              For the Month Ending April 30, 2006
                          (In Thousands)

Receipts:
   Trade Receivables
      KACC and Certain Other Entities' Receivables        $80,396
      KAII Receivables                                     30,433
                                                       ----------
   Total Trade Receivables                                110,829

   COBRA Receipts                                             341
   Proceeds from Hedging Settlements                          482
                                                       ----------
Total Receipts                                            111,652

Disbursements:
   Inventory/Raw Materials                                 59,794
   Capital Expenditures                                     3,509
   Maintenance, Materials, etc.                             3,216
   Freight                                                  5,685
   Utilities/Energy                                         4,052
   Hourly Payroll                                           7,097
   Salaried Payroll                                         3,600
   Hedging Activities                                         254
   Pension Contributions                                      125
   VEBA Advances                                            1,900
   Medical - Current Employees                              2,352
   Annual Insurance Premiums                                    -
   Workmen's Compensation                                     438
   Corporate General and Administrative                     4,583
   JV Fundings - Primary, Net of Reimbursements            11,561
   Other Disbursements                                      3,325
                                                       ----------
Total Operating and G&A Disbursements                     111,491

Reorganization Items                                        5,295
                                                       ----------
Total Disbursements                                       116,786
                                                       ----------
Net Cash Flow                                             (5,134)

Beginning Bank Cash Balances                               42,209
                                                       ----------
Ending Bank Cash Balances                                  37,075

Reconciling Items                                           (285)
                                                       ----------
Ending Book Cash Balances                                 $36,790
                                                       ==========

Headquartered in Foothill Ranch, California, Kaiser Aluminum
Corporation -- http://www.kaiseraluminum.com/-- is a leading  
producer of fabricated aluminum products for aerospace and high-
strength, general engineering, automotive, and custom industrial
applications.  The Company filed for chapter 11 protection on Feb.
12, 2002 (Bankr. Del. Case No. 02-10429), and has sold off a
number of its commodity businesses during course of its cases.  
Corinne Ball, Esq., at Jones Day, represents the Debtors in their
restructuring efforts. Lazard Freres & Co. serves as the Debtors'
financial advisor.  Lisa G. Beckerman, Esq., H. Rey Stroube, III,
Esq., and Henry J. Kaim, Esq., at Akin, Gump, Strauss, Hauer &
Feld, LLP, and William P. Bowden, Esq., at Ashby & Geddes
represent the Debtors' Official Committee of Unsecured Creditors.  
On June 30, 2004, the Debtors listed $1.619 billion in assets and
$3.396 billion in debts.  (Kaiser Bankruptcy News, Issue No. 98;
Bankruptcy Creditors' Service, Inc., 609/392-0900)


REFCO INC: Files April 2006 Monthly Operating Report
----------------------------------------------------
In lieu of comprehensive financial statements, Refco, Inc., and
its debtor-affiliates delivered to Judge Drain a monthly
statement of their cash receipts and disbursements for the period
from April 1 to 30, 2006.

Peter F. James, controller of Refco, reports that the company  
holds a beginning cash balance of $1,036,570,000 during the  
reporting period.  Refco received $47,566,000 in cash and made  
a $16,412,000 disbursement.  Refco's ending cash balance  
totals $1,067,724,000.
  
As paying agent for certain non-debtors, the Debtors disbursed
approximately $3,900,000.

Refco paid $3,298,000 in gross wages, of which $1,700,000 were
paid on the Non-Debtors' behalf.  The Debtors were reimbursed in
cash for the disbursements.   
   
Mr. James discloses that Refco withheld $1,172,000 of employee
payroll taxes, of which $152,000 was remitted to a third party
vendor.

Mr. James states that all taxes due and owing, as well as tax  
returns, have been paid and filed for the current period.

Refco paid $2,531,000 in professional fees for April, and
$7,645,000 since the Petition Date.  All professional fee
disbursements for April were allocated to Refco Capital Markets,
Ltd.

A full-text copy of Refco's April 2006 Monthly Statement is
available at no charge at http://ResearchArchives.com/t/s?b67

                         About Refco Inc

Based in New York, New York, Refco Inc. -- http://www.refco.com/  
-- is a diversified financial services organization with
operations in 14 countries and an extensive global institutional
and retail client base.  Refco's worldwide subsidiaries are
members of principal U.S. and international exchanges, and are
among the most active members of futures exchanges in Chicago, New
York, London and Singapore.  In addition to its futures brokerage
activities, Refco is a major broker of cash market products,
including foreign exchange, foreign exchange options, government
securities, domestic and international equities, emerging market
debt, and OTC financial and commodity products.  Refco is one of
the largest global clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc A.
Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents
the Official Committee of Unsecured Creditors.  Refco reported
$16.5 billion in assets and $16.8 billion in debts to the
Bankruptcy Court on the first day of its chapter 11 cases.

Refco LLC, an affiliate, filed for chapter 7 protection on
Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134).  Refco, LLC, is
a regulated commodity futures company that has businesses in the
United States, London, Asia and Canada.  Refco, LLC, filed for
bankruptcy protection in order to consummate the sale of
substantially all of its assets to Man Financial Inc., a wholly
owned subsidiary of Man Group plc.

Three more affiliates of Refco, Westminster-Refco Management LLC,
Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed
for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case
Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue
No. 32; Bankruptcy Creditors' Service, Inc., 215/945-7000).


WERNER LADDER: Sept. 30 Balance Sheet Upside-Down by $312 Million
-----------------------------------------------------------------

          WERNER HOLDING CO. (PA), INC. AND SUBSIDIARIES
               CONDENSED CONSOLIDATED BALANCE SHEET
                     As of September 30, 2005

Assets
Current assets:
Cash and cash equivalents                            $718,000
Accounts receivable                                         -
Allowance for doubtful accounts                             -
Note receivable from related party                 51,007,000
Income taxes receivable                             7,617,000
Inventories                                        66,902,000
Deferred income taxes                                       -
Other                                               3,887,000
                                                 ------------
Total current assets                              130,131,000
                                                 ------------
Property, plant and equipment, net                108,964,000
                                                 ------------
Other assets:
Deferred income taxes                                       -
Deferred financing fees, net                       13,095,000
Other                                               7,333,000
                                                 ------------
Total other assets                                 20,428,000
                                                 ------------
Total assets                                     $259,523,000
                                                 ============

Liabilities
Current liabilities:
Accounts payable                                  $24,848,000
Accrued liabilities                                34,313,000
Current maturities of long-term debt                1,563,000
                                                 ------------
Total current liabilities                          60,724,000
                                                 ------------
Long-term obligations:
Long-term debt                                    344,598,000
Reserve for product liability and
   workers' compensation claims                    42,563,000
Other long-term obligations                        34,804,000
                                                 ------------
Total liabilities                                 482,689,000
                                                 ------------
Convertible preferred stock                        89,076,000
                                                 ------------
Shareholders' deficit:
Common stock                                            1,000
Additional paid-in-capital                         28,531,000
Accumulated deficit                              (326,054,000)
Accumulated other comprehensive loss              (14,344,000)
Notes receivable arising from
   stock loan plan                                   (376,000)
                                                 ------------
Total shareholders' deficit                      (312,242,000)
                                                 ------------
Total liabilities, preferred stock
   and shareholders' deficit                     $259,523,000
                                                 ============

Headquartered in Greenville, Pennsylvania, Werner Co. --
http://www.wernerladder.com/-- manufactures and distributes   
ladders, climbing equipment and ladder accessories.  The company
and three of its affiliates filed for chapter 11 protection on
June 12, 2006 (Bankr. D. Del. Case No. 06-10578).  Kara Hammond
Coyle, Esq., Matthew Barry Lunn, Esq., and Robert S. Brady, Esq.,
Young, Conaway, Stargatt & Taylor, LLP, serves as the Debtors'
counsel.  The firm of Willkie Farr & Gallagher LLP represents the
Debtors as its co-counsel.  The Debtors hhave retained Rothschild
Inc. as their financial advisor and invesement banker while
Loughlin Meghji & Company serves as the Debtors' restructuring
consultants.  At March 31, 2006, the Debtors reported total assets
of $201,042,000 and total debts of $473,447,000.  (Werner Ladder
Bankruptcy News, Issue No. 1; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


WINN-DIXIE: Posts $81.7 Million Net Loss for Period Ended May 3
---------------------------------------------------------------

                  Winn-Dixie Stores, Inc., et al.
               Unaudited Consolidated Balance Sheet
                          At May 3, 2006
                          (In thousands)

                               Assets

Current assets:
    Cash and cash equivalents                           $156,314
    Marketable securities                                 14,262
    Trade and other receivables, net                     155,838
    Insurance claims receivable                           44,652
    Income tax receivable                                 30,382
    Merchandise inventories, net                         470,261
    Prepaid expenses and other current assets             44,876
                                                    ------------
Total current assets                                     916,585

Property, plant and equipment, net                       525,805
Other assets, net                                        116,617
                                                    ------------
Total assets                                          $1,559,007
                                                    ============

               Liabilities and Shareholders' Deficit

Current liabilities:
    Current borrowings under DIP Credit Facility         $40,969
    Current portion of long-term debt                        230
    Current obligations under capital leases               3,832
    Accounts payable                                     225,372
    Reserve for self-insurance liabilities                90,355
    Accrued wages and salaries                            76,642
    Accrued rent                                          29,677
    Accrued expenses                                     112,115
                                                    ------------
Total current liabilities                                579,192

Reserve for self-insurance liabilities                   143,911
Long-term debt                                               184
Obligations under capital leases                           4,672
Other liabilities                                         15,980
                                                    ------------
Total liabilities not subject to compromise              743,939

Liabilities subject to compromise                     1,z180,520
                                                    ------------
Total liabilities                                      1,924,459

Shareholders' deficit:
    Common stock                                         141,858
    Additional paid-in-capital                            34,125
    Accumulated deficit                                 (507,126)
    Accumulated other comprehensive loss                 (34,309)
                                                    ------------
Total shareholders' deficit                             (365,452)
                                                    ------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT           $1,559,007
                                                    ============


                  Winn-Dixie Stores, Inc., et al.
          Unaudited Consolidated Statement of Operations
                   Four Weeks Ended May 3, 2006
                          (In thousands)

Net sales                                               $575,138
Cost of sales                                            422,773
                                                    ------------
Gross profit on sales                                    152,365

Other operating and administrative expenses              161,016
Impairment charges                                             -
Restructuring charges                                      2,783
                                                    ------------
Operating loss                                           (11,434)

Interest expense, net                                        265
                                                    ------------
Loss before reorganization items and income taxes        (11,699)
Reorganization items, net expense                          3,054
Income tax expense                                             -
                                                    ------------
Net loss from continuing operations                      (14,753)

Discontinued operations:
    Loss from discontinued operations                     (8,177)
    Loss on disposal of discontinued operations          (58,829)
Income tax expense                                             -
                                                    ------------
Net loss from discontinued operations                    (67,006)
                                                    ------------
Net loss                                                ($81,759)
                                                    ============


                  Winn-Dixie Stores, Inc., et al.
          Unaudited Consolidated Statement of Cash Flows
                   Four Weeks Ended May 3, 2006
                          (In thousands)

Cash flows from operating activities:
    Net loss                                            ($81,759)
    Adjustments to reconcile net loss to
     net cash provided by operating activities:
       Loss on sales of assets, net                        1,914
       Reorganization items, net expense                   3,054
       Depreciation and amortization                       8,007
       Impairment charges                                      -
       Stock compensation plans                              546
       Change in operating assets and liabilities:
          Trade and other receivables                     10,482
          Merchandise inventories                         23,628
          Prepaid expenses and other current assets       (4,023)
          Accounts payable                                (1,207)
          Reserve for self-insurance liabilities           1,327
          Lease liability on closed facilities            63,284
          Income taxes receivable                            (16)
          Defined benefit plan                               (89)
          Other accrued expenses                           3,829
                                                    ------------
       Net cash provided by operating
        activities before reorganization items            28,977
       Cash effect of reorganization items                (5,576)
                                                    ------------
Net cash provided by operating activities                 23,401

Cash flows from investing activities:
    Purchases of property, plant and equipment            (2,840)
    Decrease in investments and other assets               3,273
    Proceeds from sales of assets                          1,237
    Purchases of marketable securities                      (251)
    Sales of marketable securities                         1,264
    Other                                                 (1,859)
                                                    ------------
Net cash used in investing activities                        824

Cash flows from financing activities:
    Gross borrowings on DIP Credit Facility                1,056
    Gross payments on DIP Credit Facility                   (639)
    Principal payments on long-term debt                     (18)
    Principal payments on capital lease obligations         (118)
    Other                                                     94
                                                    ------------
Net cash used in financing activities                        375
                                                    ------------
Increase in cash and cash equivalents                     24,600
Cash and cash equivalents at beginning of period         131,714
                                                    ------------
Cash and cash equivalents at end of period              $156,314
                                                    ============

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc.
-- http://www.winn-dixie.com/-- is one of the nation's largest
food retailers.  The Company operates stores across the
Southeastern United States and in the Bahamas and employs
approximately 90,000 people.  The Company, along with 23 of its
U.S. subsidiaries, filed for chapter 11 protection on Feb. 21,
2005 (Bankr. S.D.N.Y. Case No. 05-11063, transferred Apr. 14,
2005, to Bankr. M.D. Fla. Case Nos. 05-03817 through 05-03840).
D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and
Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King &
Spalding LLP, represent the Debtors in their restructuring
efforts.  Paul P. Huffard at The Blackstone Group, LP, gives
financial advisory services to the Debtors.  Dennis F. Dunne,
Esq., at Milbank, Tweed, Hadley & McCloy, LLP, and John B.
Macdonald, Esq., at Akerman Senterfitt give legal advice to the
Official Committee of Unsecured Creditors.  Houlihan Lokey &
Zukin Capital gives financial advisory services to the
Committee.  When the Debtors filed for protection from their
creditors, they listed $2,235,557,000 in total assets and
$1,870,785,000 in total debts.  (Winn-Dixie Bankruptcy News,
Issue No. 40; Bankruptcy Creditors' Service, Inc., 215/945-7000).

                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
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trades are probably different.  Our objective is to share
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Each Tuesday edition of the TCR contains a list of companies with
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For copies of court documents filed in the District of Delaware,
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of Delaware, contact Ken Troubh at Nationwide Research &
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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 G.
Lopez, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Cherry A.
Soriano-Baaclo, Christian Q. Salta, Jason A. Nieva, Lucilo M.
Pinili, Jr., Tara Marie A. Martin and Peter A. Chapman, Editors.

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

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