TCR_Public/060708.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, July 8, 2006, Vol. 10, No. 161

                             Headlines

ALLIED HOLDINGS: Files May 2006 Monthly Operating Report
ASARCO LLC: Files May 2006 Monthly Operating Report
CALPINE CORP: Gen. Company Files Schedules of Assets and Debts
CALPINE CORP: Gilroy Cogen Files Schedules of Assets and Debts
CALPINE CORP: Goldendale Energy Files Schedules of Assets & Debts

CALPINE CORP: Hillabee Energy Files Schedules of Assets and Debts
CALPINE CORP: KIAC Partners Files Schedules of Assets & Debts
CALPINE CORP: Nissequogue Cogen Files Schedules of Assets & Debts
CALPINE CORP: Power Systems Files Schedules of Assets and Debts
CALPINE CORP: 118 Debtor-Affiliates File Schedules

CATHOLIC CHURCH: Portland Files May 2006 Monthly Operating Report
CATHOLIC CHURCH: Spokane Files May 2006 Monthly Operating Report
COLLINS & AIKMAN: Posts $19 Mil. Net Loss for Period Ended May 28
DANA CORP: Files Schedules of Assets And Liabilities
DANA CORP: Dana Atlantic Files Schedules of Assets and Debts

DANA CORP: Dana IT Files Schedules of Assets and Debts
DANA CORP: Posts $9 Million Net Loss in May 2006
DELPHI CORP: Posts $249 Million Net Loss in May 2006
ENTERGY NEW ORLEANS: Earns $2.3 Million in May 2006
FLYI INC: Files May 2006 Monthly Operating Report

FLYI INC: Independence Air Posts $1 Million Net Loss in May 2006
FOAMEX INTERNATIONAL: Earns $2.9 Million in May 2006
MERIDIAN AUTOMOTIVE: Incurs $10.7 Million Net Loss in May 2006
PERFORMANCE TRANSPORTATION: Files May 2006 Operating Report
SILICON GRAPHICS: Cray A/P Files Schedules of Assets and Debts

SILICON GRAPHICS: Cray Int'l. Files Schedules of Assets and Debts
SILICON GRAPHICS: Federal Files Schedules of Assets and Debts
SILICON GRAPHICS: SG World Files Schedules Of Assets And Debts
SILICON GRAPHICS: Nine Debtor-Affiliates File Schedules
SOLUTIA CORP: Post $3 Million Net Loss in May 2006

TOWER AUTOMOTIVE: Incurs $7.3 Million Net Loss in May 2006
USG CORP: Files May 2006 Monthly Operating Report

                             *********

ALLIED HOLDINGS: Files May 2006 Monthly Operating Report
--------------------------------------------------------

         Allied Holdings, Inc., and its Debtor Subsidiaries
                 Unaudited Consolidated Balance Sheet
                         As of May 31, 2006
                           (In Thousands)

                               Assets

Current Assets:
        Cash and cash equivalents                         $1,810
        Receivables, net of allowances                    52,923
        Related party receivables                         16,016
        Inventories                                        5,227
        Deferred income taxes                                202
        Prepayments and other current assets              37,730
                                                        --------
           Total current assets                          113,908

Property and equipment, net                              121,273
Goodwill, net                                              3,545
Other noncurrent assets                                   22,039
Investment in related parties                             26,402
                                                        --------
TOTAL ASSETS                                            $287,167
                                                        ========

                Liabilities and Stockholders' Deficit

Current liabilities not subject to compromise
         DIP facility                                   $148,587
         Accounts and notes payable                       42,796
         Accrued liabilities                              60,546
                                                        --------
           Total current liabilities                     251,929

Long-term liabilities not subject to compromise
         Postretirement benefits                           4,330
         Deferred income taxes                               218
         Other long term liabilities                      20,468
                                                        --------
           Total long term liabilities                    25,016

Liabilities subject to compromise                        199,560
Stockholders deficit                                    (189,338)
                                                        --------
        Total liabilities & stockholders deficit        $287,167
                                                        ========

         Allied Holdings, Inc., and its Debtor Subsidiaries
           Unaudited Consolidated Statement of Operations
                  For the Month Ended May 31, 2006
                           (In Thousands)

Revenues                                                 $83,129

Operating Expenses
        Salaries, Wages & Fringe benefits                 39,233
        Operating supplies & expenses                     17,822
        Purchased transportation                          11,473
        Insurance, claims                                  3,566
        Operating tax & licenses                           2,431
        Depreciation & amortization                        2,230
        Rents                                                583
        Communications & utilities                           477
        Other operating expenses                             735
        Gain on disposal of operating expenses                 2
                                                        --------
           Total Operating Expenses                       78,552
                                                        --------
           Operating Income (Loss)                         4,577

Other Income (Expense)
        Interest expense                                  (3,108)
        Investment income                                      4
        Foreign exchange                                     516
                                                        --------
                                                          (2,588)
                                                        --------
Income before reorganization items and income taxes        1,989
Reorganization items                                      (1,418)
                                                        --------
Income before income taxes                                   571
Income tax expense                                             -
                                                        --------
NET INCOME (LOSS)                                           $571
                                                        ========

The Debtors disclose cash disbursements totaling $6,109,515
during May 2006.

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --
http://www.alliedholdings.com/-- and its affiliates provide       
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case Nos. 05-12515 through 05-12537).  Jeffrey W. Kelley, Esq., at
Troutman Sanders, LLP, represents the Debtors in their
restructuring efforts.  Henry S. Miller at Miller Buckfire & Co.,
LLC, serves as the Debtors' financial advisor.  Anthony J. Smits,
Esq., at Bingham McCutchen LLP, provides the Official Committee of
Unsecured Creditors with legal advice and Russell A. Belinsky at
Chanin Capital Partners, LLC, provides financial advisory services
to the Committee.  When the Debtors filed for protection from
their creditors, they estimated more than $100 million in assets
and debts. (Allied Holdings Bankruptcy News, Issue No. 25;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


ASARCO LLC: Files May 2006 Monthly Operating Report
---------------------------------------------------

                       ASARCO LLC, et al.
                          Balance Sheet
                       As of May 31, 2006

ASSETS
     Current assets:
     Cash                                          $93,035,000
     Net accounts receivable                       183,802,000
     Inventory: lower of cost or market            252,462,000
     Prepaid expenses                               29,625,000
     Deferred income tax assets                              0
                                                 -------------
Total current assets                               558,923,000

Net property, plant and equipment                  415,806,000
Other assets
     Investment in subs                            102,886,000
     Prepaid pension and retirement plan            77,085,000
     Non-current deferred tax asset                 40,952,000
     Other                                          94,416,000
                                                 -------------
Total assets                                    $1,290,068,000
                                                 =============

LIABILITIES
Postpetition liabilities:
     Accounts payable                               54,932,000
     Accrued liabilities                            13,586,000
     Debtor-in-possession financing                          0
                                                 -------------
Total postpetition liabilities                      68,517,000

Prepetition liabilities:
     Not subject to compromise - credit                930,000
     Not subject to compromise - other             133,897,000
     Subject to compromise                         903,079,000
                                                 -------------
Total prepetition liabilities                    1,037,905,000
                                                 -------------
Total liabilities                               $1,106,423,000
                                                 =============

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                245,311,000
                                                 -------------
Total owners' equity (net worth)                   183,645,000

Total liabilities and owners' equity            $1,290,068,000
                                                 =============


                       ASARCO LLC, et al.
              Consolidated Statement of Operations
                    Month Ending May 31, 2006

Sales                                             $144,064,000
Cost of products and services                       61,682,000
                                                 -------------
Gross profit                                        82,382,000

Operating expenses:
Selling and general & admin expenses                 3,952,000
Depreciation & amortization                          2,376,000
Provision accretion expense of asset
retirement obligation                                 143,000
                                                 -------------
Operating income                                    75,911,000

Interest expense                                       370,000
Interest Income                                       (536,000)
Reorganization Expenses                              1,116,000
Other miscellaneous (income) expenses               (8,974,000)
                                                 -------------
Income (loss) before taxes                          83,935,000
Income taxes                                         1,679,000
                                                 -------------
Net income                                         $82,256,000
                                                 =============


                       ASARCO LLC, et al.
           Consolidated Cash Receipts & Disbursements
                    Month Ending May 31, 2006

Receipts                                          $103,910,000
Disbursements:
Inventory material                                  25,250,000
Operating disbursements                             42,838,000
Capital expenditures                                 1,503,000
                                                 -------------
Total disbursements                                 69,591,000

Operating cash flow                                 34,319,000
Reorganization disbursements                         1,914,000
                                                 -------------
Net cash flow                                       32,404,000
Net payments to secured Lenders                              0
                                                 -------------
Net change in cash                                  32,404,000
Beginning cash balance                              60,630,000
                                                 -------------
Ending cash balances                               $93,035,000
                                                 =============

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


CALPINE CORP: Gen. Company Files Schedules of Assets and Debts
--------------------------------------------------------------

A.     Real Property                                          $0

B.     Personal Property
B.2    Bank Accounts
            Wilmington Trust Co, revenue account     $83,303,211
            Wilmington Trust Co, revenue account      10,359,358
            Wilmington Trust Co, revenue account      24,736,249
            Wilmington Trust Co, revenue account      10,823,312
            Union Bank of California, construction     3,103,884

B.13   Business Stock and Interests                 undetermined
            see http://researcharchives.com/t/s?d3d
B.14   Interests in partnerships/joint ventures     undetermined
            see http://researcharchives.com/t/s?d3d
B.18   Other Liquidated Debts
            Interest Receivable                          402,096
B.35   Other Personal Property
            BNS Annual Agency Fees                        33,333
            Wilmington Annual Collateral Agency Fees       3,333
            Wilmington Annual Trustee Fees                 4,000
            Morgan Stanley Annual Admin Fee               33,334

        TOTAL SCHEDULED ASSETS                      $132,802,110
                                                    ============

C.     Property Claimed as Exempt                              0

D.     Secured Claim
            Morgan Stanley, 1st Priority Term Loan  $610,277,752
            Morgan Stanley, 2nd Priority Term Loan   101,088,003
            Wilmington Trust FSB, notes due 2009     239,075,226
            Wilmington Trust FSB, notes due 2010     647,134,331
            Wilmington Trust FSB, notes due 2011     699,970,844
            Wilmington Trust FSB, notes due 2011     153,833,333

E.     Unsecured Priority Claims                    undetermined
            Taxing authorities
               see http://researcharchives.com/t/s?d3c

F.     Unsecured Non-priority Claims
            Trade Payables
               Nixon Peabody LLP                          13,649
               Wilmington Trust Co                        62,325
            Intercompany Claims
               Baytown Energy Center LP             (176,368,744)
               Calpine Oneta Power LP               (237,083,901)
               Channel Energy Center LP             (168,498,269)
               Columbia Energy LLC                  (179,958,825)
               Decatur Energy Center LLC            (175,302,745)
               Delta Energy Center LLC              (198,103,598)
               Freestone Power Generation LP        (152,804,082)
               Los Medanos Energy Center LLC        (150,227,797)
               Morgan Energy Center LLC             (164,281,443)
               Pastoria Energy Facility LLC         (313,929,662)
               Zion Energy LLC                      (181,545,511)
               Others                               (263,355,367)

        TOTAL SCHEDULED LIABILITIES                  $89,995,519
                                                     ===========

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 20;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Gilroy Cogen Files Schedules of Assets and Debts
--------------------------------------------------------------

A.     Real Property
            Generation Facility, Gilroy, CA           $6,845,314
            Easements                               undetermined

B.     Personal Property
B.1    Cash on hand                                        1,000
B.2    Bank Accounts
            Union Bank of California                         391
B.13   Business Stock and Interests                 undetermined
            see http://researcharchives.com/t/s?d38
B.14   Interests in partnerships/joint ventures     undetermined
            see http://researcharchives.com/t/s?d38
B.16   Accounts Receivable                                66,631
B.28   Office equipment, furnishings and supplies        150,557
B.29   Machinery                                      54,924,604
            see http://researcharchives.com/t/s?d39
B.30   Inventory                                       2,187,795
B.35   Other Personal Property                           518,882

        TOTAL SCHEDULED ASSETS                       $64,695,174
                                                     ===========

C.     Property Claimed as Exempt                              -

D.     Secured Claim
            Bank of New York Sales Receivables      undetermined

E.     Unsecured Priority Claims                    undetermined
            Taxing Authorities
               see http://researcharchives.com/t/s?d3a

F.     Unsecured Non-priority Claims
            Trade Payables
               see http://researcharchives.com/t/s?d3b
            Intercompany Claims
               Calpine Corporation                 ($252,719,314)
               Calpine Energy Services, L.P.              72,572
               Calpine Operating Services Co, Inc.       (15,105)
               Calpine Unrestricted Holdings, LLC        348,633
               Gilroy Energy Center, LLC                      46
            Potential Litigation Claims
               California Power Exchange Corp       undetermined
               California Public Util Commission    undetermined

        TOTAL SCHEDULED LIABILITIES                ($252,196,949)
                                                    ============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 20;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Goldendale Energy Files Schedules of Assets & Debts
-----------------------------------------------------------------

A.     Real Property
            Generation Facility, Goldendale, WA       $6,179,336
            Generation Facility (Land)                 2,978,967
            Generation Facility (Roads)                  620,553
            Easements                               undetermined

B.     Personal Property
B.2    Bank Accounts
            Sterling Savings Bank                          2,970
            Union Bank of California                     151,573
B.13   Business Stock and Interests                 undetermined
            see http://researcharchives.com/t/s?d40
B.14   Interests in partnerships/joint ventures     undetermined
            see http://researcharchives.com/t/s?d40
B.16   Accounts Receivable                               196,324
B.28   Office equipment, furnishings and supplies         15,136
B.29   Machinery                                      58,596,622
            see http://researcharchives.com/t/s?d41
B.30   Inventory                                       1,067,323
B.35   Other Personal Property                           221,265

        TOTAL SCHEDULED ASSETS                       $70,030,069
                                                     ===========

C.     Property Claimed as Exempt                              -

D.     Secured Claim
            Credit Suisse -- UCC Financing Statement           -

E.     Unsecured Priority Claims                    undetermined
            Taxing Authorities
                see http://researcharchives.com/t/s?d42

F.     Unsecured Non-priority Claims
            Trade Payables
               Avista Utilities                           16,346
            Intercompany Claims
               Calpine Generating Company, LLC       141,208,627
               Columbia Energy LLC                         4,655
               Corpus Christi Cogeneration L.P.            2,401
               Pastoria Energy Facility L.L.C.            42,603

        TOTAL SCHEDULED LIABILITIES                 $141,274,632
                                                    ============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 20;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Hillabee Energy Files Schedules of Assets and Debts
-----------------------------------------------------------------

A.     Real Property
            1878 Campground Rd, Tallapoosa County, AL   $332,274
            1922 Campground Rd, Tallapoosa County, AL    574,500
            Easements                               undetermined

B.     Personal Property
B.1    Cash on hand                                          145
B.13   Business Stock and Interests                 undetermined
            see http://researcharchives.com/t/s?d43
B.14   Interests in partnerships/joint ventures     undetermined
            see http://researcharchives.com/t/s?d43
B.29   Machinery                                      84,093,226
B.35   Other Personal Property                            49,719

        TOTAL SCHEDULED ASSETS                       $85,049,864
                                                     ===========

C.     Property Claimed as Exempt                             $0

D.     Secured Claim                                           0

E.     Unsecured Priority Claims                   undetermined
            Taxing Authorities
               see http://researcharchives.com/t/s?d44

F.     Unsecured Non-priority Claims
            Trade Payables
               Capital Refrigeration Co Inc               38,630
           Intercompany Claims
               Calpine Construction Management Co         24,620
               Calpine Corporation                   456,522,781
               Calpine Eastern Corporation                12,982
               Calpine Energy Services, L.P.           3,041,022
               Lone Oak Energy Center, LLC                 4,824
               Others                                   (314,785)

        TOTAL SCHEDULED LIABILITIES                 $459,330,074
                                                    ============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 20;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: KIAC Partners Files Schedules of Assets & Debts
-------------------------------------------------------------

A.     Real Property                                           -

B.     Personal Property
B.1    Cash on hand                                         $133
B.2    Bank Accounts
            Bank of New York Debt Service (Principal)  1,501,016
            Bank of New York Debt Service (Interest)   2,306,561
            Bank of New York Working Capital Fund      9,218,855
            Bank of New York Debt Service Reserve     17,572,632
            Bank of New York Major Maintenance         1,947,776
            JP Morgan Chase Operating Account         12,474,018

B.3    Security Deposits                                   6,707
B.13   Business Stock and Interests                 undetermined
            see http://researcharchives.com/t/s?d46
B.14   Interests in partnerships/joint ventures     undetermined
            see http://researcharchives.com/t/s?d46
B.16   Accounts Receivable                               720,571
B.18   Other Liquidated Debts                            636,234
B.28   Office equipment, furnishings and supplies         56,861
B.29   Machinery                                      21,848,678
            see http://researcharchives.com/t/s?d47
B.30   Inventory                                       2,237,775
B.35   Other Personal Property                           295,664

        TOTAL SCHEDULED ASSETS                       $70,823,481
                                                     ===========


C.     Property Claimed as Exempt                              -

D.     Secured Claim                                           -

E.     Unsecured Priority Claims
            Employees                                          -
               see
http://bankrupt.com/misc/kiac_employeeClaims.pdf
            Taxing Authorities                      undetermined
               see http://researcharchives.com/t/s?d48

F.     Unsecured Non-priority Claims
            Reliance Insurance Co, New York, NY     undetermined
            Trade Payables                             1,778,067
               see http://researcharchives.com/t/s?d49
            Intercompany Claims
               see Schedule F3
               Calpine Central, L.P.                   1,172,516
               Calpine Corporation                   112,689,149
               Calpine Eastern Corporation               728,628
               Calpine Energy Services, L.P.          (3,004,680)
               Calpine Kennedy Operators Inc.            158,482
               Idlewild Fuel Management Corp.            151,945
               TBG Cogen Partners                       (291,800)

        TOTAL SCHEDULED LIABILITIES                 $113,382,307
                                                    ============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 20;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Nissequogue Cogen Files Schedules of Assets & Debts
-----------------------------------------------------------------

A.     Real Property
            Turbine & Plant Impr, Stony Brook, NY     $4,463,115

B.     Personal Property
B.1    Cash on hand                                          534
B.2    Bank Accounts
            Bank of New York Major Maintenance         1,157,989
            Bank of New York Revenue Fund              3,834,253
            Bank of New York Debt Service              1,114,157
            Bank of New York Debt Service (Interest)   1,629,659
            Bank of New York Debt Service              7,393,006
            Bank of New York Rev. Stabilization Fund     511,837
            Bank of New York Subordinated Expense Fund   614,219
            JP Morgan Site Checking                        3,895
            Bank of New York O&M Account                       1
B.3    Security Deposits
            Overpayment of CT-186 Taxes, New York         25,328
B.13   Business Stock and Interests                 undetermined
            see http://researcharchives.com/t/s?d4a
B.14   Interests in partnerships/joint ventures     undetermined
            see http://researcharchives.com/t/s?d4a
B.16   Accounts Receivable                             9,711,993
B.18   Other Liquidated Debts                              7,000
B.28   Office equipment, furnishings and supplies          4,791
B.29   Machinery                                      76,811,732
            see http://researcharchives.com/t/s?d4b
B.30   Inventory                                       2,590,488
            see http://researcharchives.com/t/s?d4c
B.35   Other Personal Property                            97,524

        TOTAL SCHEDULED ASSETS                      $109,971,521
                                                    ============

C.     Property Claimed as Exempt                              -

D.     Secured Claim                                           -

E.     Unsecured Priority Claims                    undetermined
            Taxing Authorities
               see http://researcharchives.com/t/s?d4d

F.     Unsecured Non-priority Claims
            Trade Payables                             1,671,870
               see http://researcharchives.com/t/s?d4e
            Intercompany Claims
               Calpine Corporation                    64,997,946
               Calpine Eastern Corporation               370,606
               Calpine Energy Services, L.P.          (1,003,468)
               Calpine Stony Brook Operators, Inc.       386,886
               Stony Brook Fuel Management Corp.       4,014,720
               TBG Cogen Partners                       (338,173)

        TOTAL SCHEDULED LIABILITIES                  $70,100,387
                                                     ===========

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 20;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Power Systems Files Schedules of Assets and Debts
---------------------------------------------------------------

A.     Real Property                                           -

B.     Personal Property
B.1    Cash on hand                                         $500
B.2    Bank Accounts
            Bank of America, Dallas, TX                1,433,668
B.3    Security Deposits
            Windsor Commerce Centre Pompano, FL           28,385
B.13   Business Stock and Interests                 undetermined
            see http://researcharchives.com/t/s?d4f
B.14   Interests in partnerships/joint ventures     undetermined
            see http://researcharchives.com/t/s?d4f
B.16   Accounts Receivable                             6,403,955
B.29   Machinery                                      11,363,737
            see http://researcharchives.com/t/s?d50
B.30   Inventory                                      29,310,621
            see http://researcharchives.com/t/s?d51
B.35   Other Personal Property                         5,065,065

        TOTAL SCHEDULED ASSETS                       $53,605,931
                                                     ===========

C.     Property Claimed as Exempt                              -

D.     Secured Claim
            Stuers Inc -- UCC Financing Statement              -

E.     Unsecured Priority Claims
            Employees Claims
               see http://researcharchives.com/t/s?d52
            Taxing Authorities
               see http://researcharchives.com/t/s?d53

F.     Unsecured Non-priority Claims
            Trade Payables                            $5,558,790
               see http://researcharchives.com/t/s?d54
            Intercompany Claims
               Calpine Corporation                   114,559,573
               Calpine Development Holdings, Inc.         11,038
               Calpine Eastern Corporation             1,081,923
               Calpine European Finance LLC              (46,428)
               Calpine Operating Services Company     (6,991,425)
               Calpine Operations Management Co       (5,331,497)
               Calpine Parlin, LLC                       (12,900)
               Rumford Power Associates                     (129)
               South Point Energy Center, LLC             19,852
               Thomassen Turbine Systems America         (24,500)
               Thomassen Turbine Systems B.V.        (14,627,835)
            Various Unsecured Employee Claims
               Alfredo Cires                              26,000
               Charles M. Biondo                       5,181,668
               Michael Abbot                              12,000
               Miguel Garrido                             12,000
               Plazi Ricklin                              18,000
               Robert J. Kraft                         6,150,915
               Thomas K. Churbuck                      5,181,668
               Vincent Martling                          180,000
               Wayne Garret                            2,985,749
               Zhenhua Xiao                               60,000
               Others                                     28,000

        TOTAL SCHEDULED LIABILITIES                 $114,032,462
                                                    ============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 20;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: 118 Debtor-Affiliates File Schedules
--------------------------------------------------
Twenty-four debtor-affiliates of Calpine Corporation reported
assets ranging from $10,000,000 to $50,000,000:

   Debtor                                 Assets          Debts
   ------                                 ------          -----
Auburndale Peaker Energy Center      $45,487,951     $4,114,157
CalGen Project Equipment Finance 1    14,513,709  2,354,864,020
Calpine Central LP                    12,282,463     (6,580,736)
Calpine Greenleaf, Inc.               34,413,855    (35,777,312)
Calpine International Holdings, Inc.  38,651,755     51,124,533
Calpine Philadelphia, Inc.            13,936,443        244,382
Calpine Pittsburg LLC                 21,423,419        249,311
Calpine Power Management LP           17,407,473      8,694,974
Calpine Power America, LP             13,397,599       (377,487)
Calpine Producer Services, LP         10,223,722    (21,638,457)
Calpine Texas Pipeline LP             20,268,790     16,991,168
Calpine Unrestricted Holdings LLC     22,971,189    (18,994,809)
CPN Bethpage 3rd Turbine, Inc.        47,942,836     29,902,407
CPN Pipeline Company                  42,167,071     43,415,501
Dighton Power Associates LP           14,284,471    189,747,237
Lone Oak Energy Center LLC            25,880,325    103,530,111
Magic Valley Pipeline LP              10,602,594      9,411,753
O.L.S. Energy-Agnews, Inc.            21,777,615    (16,100,392)
Pine Bluff Energy LLC                 30,068,127    182,890,498
Russell City Energy Center LLC        13,817,616     19,048,687
San Joaquin Valley Energy Center      11,201,911     15,135,425
South Point Energy Center LLC         42,315,625     28,862,273
TBG Cogen Partners                    43,839,987    (18,155,251)
Texas City Cogeneration LP            17,044,519     77,665,978

Eighteen debtor-affiliates of Calpine Corporation reported assets
ranging from $1,000,000 to $9,000,000:

   Debtor                                Assets           Debts
   ------                                ------           -----
Anacapa Land Company, LLC            $8,164,043        $946,709
Anderson Springs Energy Co.           3,302,757      (5,764,806)
Androscoggin Energy, Inc.             2,018,388      14,588,727
CalGen Equipment Project Finance 2    4,823,760   2,353,508,060
Calpine Global Services Company       4,057,000         842,456
Calpine Cogeneration Corporation      2,417,279     (25,477,682)
Calpine Eastern Corporation           1,080,206     113,092,682
Calpine Greenleaf Holdings, Inc.      3,047,792     (48,460,974)
Calpine Monterey Cogeneration, Inc.   5,015,384     (12,042,926)
Calpine Northbrook Corp. of Maine     2,418,340      14,600,355
Calpine Power Services, Inc.          4,400,347       9,632,196
Clear Lake Cogeneration Limited       6,079,685     264,545,563
CPN 3rd Turbine, Inc.                 1,100,000       9,429,812
CPN Pryor Funding Corporation         5,453,141      36,317,191
CPN Telephone Flat, Inc.              8,902,034      30,533,736
East Altamont Energy Center LLC       9,200,353      42,012,811
Rockgen Energy LLC                    6,740,353      21,789,750
Rumford Power Associates, LP          3,588,626     122,154,652

Seventeen debtor-affiliates of Calpine Corporation reported
assets below $1,000,000:

   Debtor                                 Assets         Debts
   ------                                 ------         -----
Calpine Calistoga Holdings, LLC         $654,866     25,037,521
Calpine Fuels Corporation                 13,365    (32,817,885)
Calpine PowerAmerica-CA LLC                  700       (621,295)
Calpine International LLC                933,192     17,688,112
Calpine Kennedy Operators, Inc.            3,888     (5,241,826)
Calpine Siskiyou Geothermal Partners      55,576     12,470,218
CPN Funding, Inc.                        295,798     25,464,443
CPN Pleasant Hill, LLC                       500     90,871,457
MOAPA Energy Center LLC                  618,600     41,008,580
Quintana Canada Holdings, LLC            460,496  4,240,447,259
Silverado Geothermal Resources, Inc.     374,192     25,523,815
Sutter Dryers, Inc.                       34,477      2,080,257
Texas Cogeneration Five, Inc.                233    123,393,165
Thermal Power Company                     25,151     67,195,796
Thomassen Turbine Systems America        609,548     (3,395,398)
Tiverton Power Associates LP             131,612     71,804,941
Wawayanda Energy Center LLC              500,000     13,060,898

Fifty-nine debtor-affiliates reported zero assets and these
liabilities:

     Debtor                                          Liabilities
     ------                                          -----------
     Aviation Funding Corp.                         ($81,818,225)
     Baytown Power GP, LLC                         2,451,379,490
     CalGen Equipment Finance Company, LLC         2,451,379,490
     CalGen Equipment Finance Holdings, LLC        2,451,379,490
     Calpine Acadia Holdings LLC                     168,016,854
     Calpine Administrative Services Co., Inc.           445,235
     Calpine Agnews, Inc.                              4,972,482
     Calpine Auburndale Holdings, LLC                (30,780,567)
     Calpine Baytown Energy Center GP, LLC         2,451,379,490
     Calpine Baytown Energy Center LP, LLC         2,451,379,490
     Calpine Central, Inc.                          (144,384,773)
     Calpine Central Texas GP, LLC                      (423,678)
     Calpine Central-Texas, Inc.                             268
     Calpine Channel Energy Center LP, LLC         2,451,379,490
     Calpine Channel Energy Center GP, LLC         2,451,379,490
     Calpine Corpus Christi Energy LP              2,451,379,490
     Calpine Corpus Christi Energy GP, LLC         2,451,379,490
     Calpine Dighton, Inc.                            (7,669,589)
     Calpine Energy Services Holdings, Inc.          851,950,207
     Calpine Freestone Energy LP                   2,451,379,490
     Calpine Freestone LLC                         2,451,379,490
     Calpine Freestone GP, LLC                     2,451,379,490
     Calpine Gilroy 1, Inc.                              263,322
     Calpine Gilroy 2, Inc.                           26,165,356
     Calpine Gordonsville, LLC                        (1,033,871)
     Calpine Hidalgo Design, LP                      (21,221,328)
     Calpine Hidalgo Holdings, Inc.                  169,406,963
     Calpine Hidalgo, Inc.                                  (525)
     Calpine KIA, Inc.                               (22,163,605)
     Calpine Northbrook Energy Holdings LLC               12,527
     Calpine Northbrook Energy LLC                   (25,363,777)
     Calpine Northbrook Holdings Corporation           8,204,597
     Calpine Northbrook Investors, LLC                (2,168,588)
     Calpine Northbrook Project Holdings, LLC         19,894,407
     Calpine Northbrook Services LLC                  (3,890,632)
     Calpine Northbrook Southcoast Investors LLC   2,451,379,490
     Calpine Oneta Power I, LLC                    2,451,379,490
     Calpine Oneta Power II, LLC                   2,451,379,490
     Calpine Operations Management Company, Inc.      16,462,425
     Calpine Pastoria Holdings LLC                 2,451,379,490
     Calpine Power Equipment LP                    2,451,379,490
     Calpine Power Management, Inc.                      (29,424)
     Calpine PowerAmerica, Inc.                          (55,999)
     Calpine Power America-ME, LLC                       876,670
     Calpine Project Holdings, Inc.                    3,957,552
     Calpine Pryor, Inc.                              20,312,071
     Calpine Rumford I, Inc.                          (1,107,626)
     Calpine Rumford, Inc.                              (197,675)
     Calpine Schuylkill, Inc.                              1,592
     Calpine Stony Brook, Inc.                        (7,685,585)
     Calpine Stony Brook Operators, Inc.              (4,827,835)
     Calpine Sumas, Inc.                              (3,742,455)
     Calpine TCCL Holdings, Inc.                     128,386,664
     Calpine Tiverton I, Inc.                          1,108,444
     Calpine Tiverton, Inc.                            1,368,899
     Calpine Unrestricted Funding, LLC              (419,190,814)
     Calpine Vapor, Inc.                              (2,467,201)
     Newsouth Energy LLC                               5,797,569
     Texas Cogeneration Company                     (115,762,338)


                   About Calpine Corporation

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 20;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Portland Files May 2006 Monthly Operating Report
-----------------------------------------------------------------

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

ASSETS

Cash and cash equivalents                           $17,598,138
Accounts receivable, net                                930,439
Notes, estates and other receivables                 11,601,722
Loans receivable from Archdiocesan entities, net      7,340,504
Loans receivable from Archdiocesan housing entities     538,505
Interest receivable and other assets                    254,528
Inventories                                           1,666,923
Real Property                                           226,688
Deposits and prepaid expenses                            55,266
Investments                                          96,695,409
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   7,773,119
                                                 --------------
Total Assets                                       $146,321,241
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                  822,302
      Accrued liabilities                             2,302,921
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              14,714,507
         Long-term pool investments payable          18,755,706
      Reserve for insurance claims                    2,343,946
      Notes payable                                  10,820,985
      Pre-need liability and reserve                    456,268
      Accrued post-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     57,823,887
                                                 --------------
   Postpetition
      Accounts payable                                  389,137
      Accrued liabilities                             6,613,771
      Funds held for others
         Second Collections                             393,041
         Short-term investments payable               3,030,408
         Long-term pool investments                   4,613,628
      Reserve for insurance claims                      (15,922)
      Notes payable                                           -
      Pre-need liability and reserve                     32,304
      Accrued post-retirement liability                 404,521
                                                 --------------
   Total Postpetition Liabilities                    15,460,888
                                                 --------------
     Total Liabilities                               73,284,775
                                                 --------------
Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,963,132
      Other Assets                                   (3,573,371)
                                                 --------------
   Total Prepetition Net Assets                      66,389,761
                                                 --------------
   Postpetition Net Assets:
      Charitable Trust Assets                         5,388,113
      Other Assets                                    1,258,592
                                                 --------------
   Total Postpetition Net Assets                      6,646,705
                                                 --------------
      Total Net Assets                               73,036,466
                                                 --------------
Total liabilities & net assets                     $146,321,241
                                                 ==============


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

Revenues, gains and other support
   Annual Catholic Appeal income                        $10,430
   Gross profit on cemetery sales                       108,252
   Contributions, gifts, annuities and bequests          47,577
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   804,787
   Change in unrealized gains (losses)               (2,905,426)
   Insurance premiums, net                                 (102)
   Interest income from loans                            35,975
   Parish assessments                                   251,797
   Other income                                          40,632
   Departmental revenues                                  9,116
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support          (1,596,962)
                                                 --------------
Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    126,561
      Clergy Services                                    55,492
      Catholic Schools                                   32,471
      Pastoral Services                                  43,883
      Evangelization Services                            52,722
      Public Services                                    10,547
      Tribunal Services                                  17,805
      Deposit and loan interest                         (70,178)
      Insurance program                                 447,204
      Cemetery operating expenses                        99,536
      High School grants/charitable annuities             6,576
      Other program expenses                            131,656
                                                 --------------
         Total program services                         954,275
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         49,263
      Finance & Administration:
         Resource Development                            46,362
         Business Affairs                                 9,488
         Financial Services                              66,660
      Human Resources                                    26,878
      Shared Services                                    31,113
      Occupancy and physical plant expenses              13,048
      Designated funds expense                           31,695
      Bankruptcy expense                                294,787
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                      569,294
                                                 --------------
         Total expenses and program support           1,523,569
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets          (3,120,531)

Fund transfers - in (out)                                     -
Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                    (3,120,531)


Net assets at beginning of year                      76,156,997
                                                 --------------
Net assets at end of year                           $73,036,466
                                                 ==============


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

Beginning Cash Balance:                             $17,193,758
Add:
   Transfers in                                       4,633,607
   Receipts Deposited                                 1,939,158
   Other (Return of Direct Deposits)                          -
   Other (Interest Income)                               68,939
                                                 --------------
   Total Cash Receipts                                6,641,704

Subtract:
   Transfers out                                     (4,633,607)
   Disbursements by check or debit                   (1,600,592)
   Cash withdrawn                                             -
   Other (Service Charges)                               (3,055)
   Other (Misc Check Correction)                              -
   Other (NSF Checks)                                       (70)
   Other (Clear Interfund Rec/Pay)                            -
                                                 --------------
   Total Cash Disbursements                          (6,237,324)
                                                 --------------
Ending Cash Balance                                 $17,598,138
                                                 ==============

The Archdiocese of Portland in Oregon filed for chapter 11
protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004.
Thomas W. Stilley, Esq., and William N. Stiles, Esq., at Sussman
Shank LLP, represent the Portland Archdiocese in its restructuring
efforts.  In its Schedules of Assets and Liabilities filed with
the Court on July 30, 2004, the Portland Archdiocese reports
$19,251,558 in assets and $373,015,566 in liabilities.  (Catholic
Church Bankruptcy News, Issue No. 63; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Spokane Files May 2006 Monthly Operating Report
----------------------------------------------------------------

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

ASSETS
   Total Cash Accounts                               $2,636,067
   Total Investments                                  3,878,727
   Total Property                                       495,004
   Total Loans Receivable                             2,760,745
   Total Interfund Loan Receivable                      396,887
   Total Accounts Receivable                             69,395
   Total Land and Buildings & Equip                   2,474,977
   Total Prepaid Expenses                                55,541
                                                 --------------
Total Assets                                        $12,767,343
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities
   Total Deposits Payable                             8,416,495
   Total Interest Payable                                     0
   Total Accounts Payable                                 7,574

Total Long-term Liabilities                           9,335,400

Net Assets
   Total Unrestricted - Fund Balance                (18,164,882)
   Total Unrestricted Net Assets                    (18,164,882)
   T.R. - Guse Grant Funds                              321,873
   T.R. - Bishop's School Grants Funds                   72,354
   Total Replacement Fund                            10,520,708
   Total Diocesan D&L Funding                         2,176,115
   Total Guatemala Funds                                605,935
   Temporarily Restricted                                   (80)
                                                 --------------
Total liabilities & net assets                      $12,897,343
                                                 ==============


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

Total Income                                           $183,670
Total Expenses                                          980,091
                                                 --------------
Net Excess or Deficit                                  $796,421
                                                 ==============

The Diocese of Spokane's Statement of Cash Receipts and
Disbursements for May 2006 shows ending balance of $2,584,202.  
Cash receipts for the period total $342,845, while cash
disbursements total $62,889.

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

              http://researcharchives.com/t/s?d33

The Roman Catholic Church of the Diocese of Spokane filed for
chapter 11 protection (Bankr. E.D. Wash. Case No. 04-08822) on
Dec. 6, 2004.  Michael J. Paukert, Esq., at Paine, Hamblen,
Coffin, Brooke & Miller, LLP, represents the Spokane Diocese in
its restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $11,162,938 in total assets and
$81,364,055 in total debts. (Catholic Church Bankruptcy News,
Issue No. 63; Bankruptcy Creditors' Service, Inc., 215/945-7000).


COLLINS & AIKMAN: Posts $19 Mil. Net Loss for Period Ended May 28
-----------------------------------------------------------------

                   Collins & Aikman Corporation
                          Balance Sheet
                       As of May 28, 2006

                              ASSETS

Cash                                                $95,181,925
Accounts receivable-trade, net                      151,936,919
Other non-trade receivables                           5,792,871
Inventories, net                                     98,253,887
Tooling and molding, net-current                     56,122,379
Prepaids & other current assets                      61,495,397
Deferred tax assets-current                             (87,825)
                                                ---------------
TOTAL CURRENT ASSETS                                468,695,554

Investments in subsidiaries                       2,534,708,519
Fixed assets, net                                   322,383,044
Goodwill, net                                       978,554,071
Deferred tax assets-long term                        25,938,826
Tooling and molding, net-long term                    7,387,976
Other noncurrent assets                              89,771,201
Intercompany accounts - net                         125,675,282
Prepetition intercompany - net                      694,835,400
                                                ---------------
TOTAL ASSETS                                     $5,247,949,873
                                                ===============


                        LIABILITIES & EQUITY

Notes payable                                                $0
Short term borrowings                                         0
Advance on receivables                                        0
Current portion-long term debt                      245,562,575
Current portion-capital leases                                0
Accounts payable                                     40,877,129
Accrued interest payable                              6,931,416
Accrued & other liabilities                          99,250,369
Income taxes payable                                 (6,047,583)
                                                ---------------
TOTAL CURRENT LIABILITIES                           386,573,905

Liabilities subject to compromise                 2,385,543,851
                                                ---------------
Total liabilities                                 2,772,117,756

Total equity                                      2,475,832,117
                                                ---------------
TOTAL LIABILITIES & EQUITY                       $5,247,949,873
                                                ===============



                   Collins & Aikman Corporation
                         Income Statement
                    Month Ending May 28, 2006

Net outside sales                                  $134,442,876
I/C Net sales                                         9,769,136
                                                ---------------
Total sales                                         144,212,012

Cost of goods sold                                  136,271,219
                                                ---------------
Gross profit                                          7,940,793

Selling, general & administrative expenses           23,696,303
                                                ---------------
Operating income                                    (15,755,511)

Interest expenses                                     7,103,206
Intercompany interest, net                           (2,426,953)
Preferred stock accretion                                     0
Miscellaneous (income)/expense                           (9,600)
Corporate allocation adjustment                               0
Commission income                                      (208,765)
Commission expense                                            0
Royalty income                                         (495,000)
Royalty expense                                               0
Joint Venture (Income)/Expense                                0
Minority interest in cons net income                          0
Dividend income                                               0
Discount/Income for Carcorp.                                  0
Gain/(Loss) early extinguishments of debt                     0
Discount/Premium on hedges                                    0
(Gain)/Loss on hedges                                         0
(Gain)/Loss on swaps                                          0
NAAIS Intercompany sales profit                               0
Loss on sale of receivables                                   0
Restructuring provision                                       0
Foreign transactions - (Gain)/Loss                     (571,918)
Amort of discount on NPV of liabilities                       0
(Gain)/Loss on sale-leaseback transaction                     0
                                                ---------------
Income from continuing operations before taxes      (19,146,480)

Federal income tax                                            0
State income tax                                              0
Foreign income tax                                       27,835
                                                ---------------
Income from continuing operations                   (19,174,315)

Discontinued operations                                 110,035
Gain/Loss on sale of divisions                                0
Extraordinary items                                           0
Integration                                                   0
                                                ---------------
NET INCOME (LOSS)                                  ($19,284,350)
                                                ===============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit        
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  Richard M. Cieri, Esq., at Kirkland & Ellis LLP,
represents C&A in its restructuring.  Lazard Freres & Co., LLC,
provides the Debtor with investment banking services.  Michael S.
Stammer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents
the Official Committee of Unsecured Creditors Committee.  When the
Debtors filed for protection from their creditors, they listed
$3,196,700,000 in total assets and $2,856,600,000 in total debts.
(Collins & Aikman Bankruptcy News, Issue No. 33; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


DANA CORP: Files Schedules of Assets And Liabilities
----------------------------------------------------

A.     Real Property
           1 Dana Way                                $27,056,186
           100 Plumley Drive, Bldg No. 10              1,809,378
           123 Phoenix Place                           6,795,738
           1293 Glenway Drive                          8,697,546
           1320 West Main Street                      16,405,287
           14161 Manchester Road                       5,311,203
           1801 Richards Road                         10,394,235
           899 Dana Drive                             13,901,461
           Others                                     47,830,169

B.     Personal Property
B.1    Cash on hand
           Corporate Office                              $20,000
           Frederick Town                                365,685
           Hopkinsville                                   19,894
           Longview                                       15,000
           Lugoff Trailer                                 15,000
           Sterling CFC                                   10,000
           Others                                         86,573
B.2    Bank accounts
           Bank One - Detroit                          2,687,108
           Comerica                                    2,875,141
           Goldman Sachs                             110,000,000
           JP Morgan Chase                            40,576,284
           JP Morgan Chase - Texas                     1,797,693
           Suntrust Bank                               1,440,728
           Toronto Dominion                            1,389,264
           Others                                      3,434,572
B.3    Security deposits
           Commercial Bank Trust                          22,454
           Huntington Bank                               262,182
           Lexington Corp Properties                      52,855
           Pennyrile                                     258,755
           Others                                         55,906
B.4    Household goods                             Undetermined
B.5    Books, pictures, antiques, others
           Furniture & antiques                          182,600
           Graphics                                      116,055
           Paintings, Watercolors, Mixed media           922,350
           Sculpture                                      36,350
B.6    Wearing apparel                              Undetermined
B.7    Furs and jewelry                                     none
B.8    Firearms                                             none
B.9    Interest in insurance policies
           Connecticut General Life Insurance            627,133
           Connecticut General Life Insurance            362,886
           Connecticut General Life Insurance            373,365
           Connecticut General Life Insurance            824,172
           Connecticut General Life Insurance            301,129
           Connecticut General Life Insurance            325,963
           Connecticut General Life Insurance            304,231
           Connecticut General Life Insurance            382,600
           Prepaid insurance                          16,225,485
           Others                                      4,894,009
B.10   Annuitites                                           none
B.11   Interests in an education IRA                           0
B.12   Interests in profit sharing plans                    none
B.13   Stocks and interests in incorporated         Undetermined
        business
B.14   Interests in Partnerships                    Undetermined
        A full-text copy of the Dana Corporation
        Subsidiaries, affiliates, and ownership
        interests including partnerships and
        joint ventures is available for free at:
        http://researcharchives.com/t/s?d6a
B.15   Government and corporate bonds
           RLI - Various                               4,100,000
           Smith Barney - Dana Corp                   64,119,670
           Travelers' - Connecticut Self ins           1,000,000
           Travelers' - Dana                          25,000,000
           Travelers' - Dana Canada                    5,115,000
           Travelers' - Indiana Self Ins.              8,180,000
           Travelers' - North Carolina Self Ins.       2,898,000
           Travelers' - Pennsylvania Self Ins.        15,000,000
           Travelers' - Tennessee Self Ins.            8,350,000
           Others                                      3,640,472
B.16   Accounts receivable                           460,544,780
B.17   Alimony, Maintenance, Support                        none
B.18   Other Liquidated Debts
           Angola note receivable                      2,700,000
           California Dept. of Revenue                 1,217,406
           Cameron Tool Corp. note receivable          2,767,804
           Citibank                                    1,510,096
           Daido note receivable                       1,767,058
           HYCO International Inc.                     1,173,103
           Internal Revenue Service                    8,050,003
           Michigan Dept of Revenue                    1,530,941
           Michigan Dept of Revenue                    1,530,510
           Primary Relocation LLC                      4,917,053
           Revenue Canada                              8,439,053
           Wolverine Tool & Engineering                1,000,000
           Others                                      7,888,803
B.19   Equitable or future interests                        none
B.20   Contingent and non-contingent interests            86,870
B.21   Other contingent and liquidated claims       Undetermined
B.22   Intellectual property                        Undetermined
B.23   Intangibles                                  Undetermined
B.24   Personally identifiable information                  none
B.25   Automobiles
           1997 Dodge Caravan                             21,699
           2000 Jeep Grand Cherokee                        7,034
           Daewoo Lift-truck                               5,810
           Hyster E100XL Forklift Truck                   11,574
           Raymond Forklift                               12,833
B.26   Boats                                                none
B.27   Aircraft                                             none
B.28   Office Equipment
           Clevite-Collierville, Tennessee               180,469
           Corporate Office                              484,014
           Corporate Office                            4,495,497
           Frederick Town                                239,169
           Heavy Axle - Glasgow, Kentucky                168,000
           Heavy Axle - Henderson, Kentucky              195,273
           Heavy Axle - Henderson, Kentucky              292,852
           SCMG                                          595,833
           Statesville Plant                           3,615,455
           Others                                      1,269,277
B.29   Machinery, fixtures, equipment
           Composite Sealing Center                    7,007,198
           Corporate Office                            7,887,504
           Corporate Office                         (110,909,471)
           Danville Gasket                            12,580,382
           Elizabethtown                              13,531,723
           Elizabethtown                              44,956,434
           Heavy Axle - Glasgow, Kentucky             36,976,382
           Heavy Axle - Glasgow, Kentucky              5,764,077
           Heavy Axle - Glasgow, Kentucky              9,192,921
           Heavy Axle - Humboldt, Tennessee           19,249,891
           Hopkinsville                               20,934,849
           Hopkinsville                               21,385,159
           Longview                                   56,084,535
           Owensboro, Kentucky                         9,201,970
           Owensboro, Kentucky                         7,550,413
           Parish U.S. Division Office                 5,738,328
           Russellville                               12,206,901
           Spicer Heavy Axle Div Office                5,044,779
           Stockton                                   16,847,987
           Others                                     74,929,355
B.30   Inventory
           Churubusco D.C.                            17,561,018
           Clevite-Collierville, Tennessee            33,518,367
           Corporate Office                         (107,431,731)
           Crossville Distribution Center             37,181,862
           Garland, Texas                             12,246,970
           Heavy Axle - Henderson, Kentucky           52,354,479
           Heavy Axle - Humboldt, Tennessee           16,882,165
           Lugoff Trailer                             12,205,003
           Lugoff Trailer                             15,179,486
           Product Distribution Center                15,564,004
           Spicer Heavy Axle Div Office               15,560,819
           Others                                    119,503,487
B.31   Animals                                              none
B.32   Crops                                                none
B.33   Farming Equipments                                   none
B.34   Farm supplies                                        none
B.35   Others
           Corporate and other prepaid                11,302,472
           Customer tooling                           40,352,738
           Promissory note                               240,000
           Vendors with debit balances
              Citation Biscoe                          3,469,723
              Metal Dyne Co. LLC                       2,753,194
              Rex Forge Division                       1,384,720
              TRW Fayette                              8,133,917
              TRW Fremont Kingsway                    15,355,568
              TRW Jackson                              2,292,246
              Worthington Steel Company                1,139,287
              Others                                   6,731,351

        TOTAL SCHEDULED ASSETS                   [$1,593,228,498]
                                                  ==============

C.     Property Claimed As Exempt                             -

D.     Secured Claims
           UCC Liens                                          $0

E.     Unsecured Priority Claims
           Kentucky Dept. of Revenue                         175
           Louisiana Dept. of Revenue                     90,000

F.     Unsecured Non-priority Claims
           Accounts Payable
              Bruckner Supply Co. Inc.                 5,821,336
              Eaton Corporation                        2,554,001
              Excel Polymers LLC                       2,005,153
              Federal Mogul Corporation                2,900,397
              IBM Corporation                          2,932,524
              Macsteel                                 2,011,747
              Metokote Corporation                     2,555,978
              Nationwide Precision Product Corp.       2,133,527
              Toyota Tsusho America Inc.              10,699,043
              Toyota Tsusho Corporation               12,038,712
              Others                                 138,548,828
           Litigation claims & disputes             Undetermined
           Intercompany - Debtor
              Dana Technology                        191,018,293
              Echlin-Ponce Inc.                       14,049,522
              Torque Traction Integration             44,781,126
              Others                                  25,644,096
           Intercompany - Non-Debtor
              Dana Canada Corporation                 12,919,282
              Dana Canada Holding Company             10,219,883
              Danaven                                 41,522,766
              UK                                      24,070,989
              Others                                  52,521,173
           Unsecured Funded Debt
              Wilmington Trust Company             1,633,993,211

        TOTAL SCHEDULED LIABILITIES               $2,235,031,762
                                                  ==============

Headquartered in Toledo, Ohio, Dana Corporation --
http://www.dana.com/-- designs and manufactures products for
every major vehicle producer in the world, and supplies
drivetrain, chassis, structural, and engine technologies to those
companies.  Dana employs 46,000 people in 28 countries.  Dana is
focused on being an essential partner to automotive, commercial,
and off-highway vehicle customers, which collectively produce more
than 60 million vehicles annually.  The company and its affiliates
filed for chapter 11 protection on Mar. 3, 2006 (Bankr. S.D.N.Y.
Case No. 06-10354).  Corinne Ball, Esq., and Richard H. Engman,
Esq., at Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey
B. Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at
Jones Day in Cleveland, Ohio, represent the Debtors.  Henry S.
Miller at Miller Buckfire & Co., LLC, serves as the Debtors'
financial advisor and investment banker.  Ted Stenger from
AlixPartners serves as Dana's Chief Restructuring Officer.  Thomas
Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  When
the Debtors filed for protection from their creditors, they listed
$7.9 billion in assets and $6.8 billion in liabilities as of Sept.
30, 2005.  (Dana Corporation Bankruptcy News, Issue No. 14;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


DANA CORP: Dana Atlantic Files Schedules of Assets and Debts
------------------------------------------------------------

A.     Real Property
           Land and Building in Atlantic, Iowa        $3,193,198

B.     Personal Property
B.1    Cash on hand
           Petty Cash Funds                                  310
B.2    Bank Accounts
           M&T Bank                                      485,882
B.9    Interests in insurance policies
           Prepaid Insurance                              92,547
B.14   Interests in partnerships                    undetermined
           See http://researcharchives.com/t/s?d6b
B.16   Accounts Receivable                            3,952,566
B.28   Office Equipment
           Office equipment                               66,739
           Software                                        4,067
B.29   Machinery, fixtures, equipment and supplies
           Computer hardware                              33,424
           Construction in progress                    2,696,111
              Machinery & Equipment                    9,401,560
              Tooling                                     13,315
B.30   Inventory
           Finished Goods                              1,212,598
           Reserve/Reconciling Item                     (241,746)
           Work in Progress                            2,256,920
B.35   Other Personal Property
           Corporate and other prepaids                   10,877
           Vendors with debit balances
              Pingston, Larry/B. Phipps                      431

        TOTAL SCHEDULED ASSETS                      [$23,178,799]
                                                     ===========

C.     Property Claimed as Exempt                            $0

D.     Secured Claim
           CCA Financial LLC                        undetermined

E.     Unsecured Priority Claims
           Iowa Department of Revenue               undetermined
           Cass County Treasurer                    undetermined

F.     Unsecured Non-priority Claims
           Accounts Payable                            1,399,896
              Bruckner Supply Co. Inc.                   159,117
              C&W Grinding Inc.                           40,349
              Daido Metal BelleFontaine LLC              314,112
              Engineered Production Equipment            121,598
              Gabriel India Ltd.                          52,810
              Oneal Electric Company                      60,590
              Ramco Innovations                           66,658
              Univar USA, Inc.                            95,344
              Others                                     489,318
           Intercompany - Debtor
              DTF Trucking, Inc.                          75,923
              Glacier Vandervell, Inc.                 2,292,336
              Torque-Traction Technologies                 9,470
           Intercompany - Non-Debtor
              Dana Glacier Vandervell Europe              12,230
              Dana Industrias Ltda                         9,815
              Dana Italia Spa.                             1,284
              Dana Spicer Limited                        475,904

             TOTAL SCHEDULED LIABILITIES              $4,276,858
                                                      ==========

Headquartered in Toledo, Ohio, Dana Corporation --
http://www.dana.com/-- designs and manufactures products for
every major vehicle producer in the world, and supplies
drivetrain, chassis, structural, and engine technologies to those
companies.  Dana employs 46,000 people in 28 countries.  Dana is
focused on being an essential partner to automotive, commercial,
and off-highway vehicle customers, which collectively produce more
than 60 million vehicles annually.  The company and its affiliates
filed for chapter 11 protection on Mar. 3, 2006 (Bankr. S.D.N.Y.
Case No. 06-10354).  Corinne Ball, Esq., and Richard H. Engman,
Esq., at Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey
B. Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at
Jones Day in Cleveland, Ohio, represent the Debtors.  Henry S.
Miller at Miller Buckfire & Co., LLC, serves as the Debtors'
financial advisor and investment banker.  Ted Stenger from
AlixPartners serves as Dana's Chief Restructuring Officer.  Thomas
Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  When
the Debtors filed for protection from their creditors, they listed
$7.9 billion in assets and $6.8 billion in liabilities as of Sept.
30, 2005.  (Dana Corporation Bankruptcy News, Issue No. 14;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


DANA CORP: Dana IT Files Schedules of Assets and Debts
------------------------------------------------------

A.     Real Property                                          $0

B.     Personal Property
B.1    Cash on hand
           Dana Global IT Group                              861
B.16   Accounts Receivable                             9,778,108
B.28   Office Equipment
           Dana Global IT Group                          879,178
B.29   Machinery, fixtures, equipment and supplies
           Dana Global IT Group                          390,336
B.35   Other Personal Property
           Corporate and other prepaids                2,445,007
           Vendors with debit balances
              Hewlett Packard                              2,344

        TOTAL SCHEDULED ASSETS                      [$13,495,834]
                                                     ===========

C.     Property Claimed as Exempt                             $0

D.     Secured Claim                                           0

E.     Unsecured Priority Claims                               0

F.     Unsecured Non-priority Claims
           Accounts Payable
              12 Technologies                            111,930
              AT&T                                        62,811
              CCA Financial LLC                          112,085
              Global Exchange Services                    75,185
              Hewlett Packard                            133,901
              IBM Corporation                            179,082
              ICSA Software International                 84,000
              Niku Corporation                            68,800
              Oracle Corporation                       1,129,572
              Sprint                                     320,109
              Sungard Availability Services Inc.         167,755
              Tiburon Technologies                       129,970
              UGS Corporation                            999,053
              Unisys                                     139,573
              Xede Consulting Group Inc.                  89,467
              Others                                     999,321
           Intercompany - Debtor
              Dana Corporation                         8,744,767
              Torque-Traction Technologies LLC            10,093
           Intercompany - Non-Debtor
              Dana India Technical Centre Ltd.            81,948
              Dana Investment GMBH                       494,944


        TOTAL SCHEDULED LIABILITIES                  $14,134,366
                                                     ===========

Headquartered in Toledo, Ohio, Dana Corporation --
http://www.dana.com/-- designs and manufactures products for
every major vehicle producer in the world, and supplies
drivetrain, chassis, structural, and engine technologies to those
companies.  Dana employs 46,000 people in 28 countries.  Dana is
focused on being an essential partner to automotive, commercial,
and off-highway vehicle customers, which collectively produce more
than 60 million vehicles annually.  The company and its affiliates
filed for chapter 11 protection on Mar. 3, 2006 (Bankr. S.D.N.Y.
Case No. 06-10354).  Corinne Ball, Esq., and Richard H. Engman,
Esq., at Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey
B. Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at
Jones Day in Cleveland, Ohio, represent the Debtors.  Henry S.
Miller at Miller Buckfire & Co., LLC, serves as the Debtors'
financial advisor and investment banker.  Ted Stenger from
AlixPartners serves as Dana's Chief Restructuring Officer.  Thomas
Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  When
the Debtors filed for protection from their creditors, they listed
$7.9 billion in assets and $6.8 billion in liabilities as of Sept.
30, 2005.  (Dana Corporation Bankruptcy News, Issue No. 14;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


DANA CORP: Posts $9 Million Net Loss in May 2006
------------------------------------------------

                          Dana Corporation
                 Unaudited Condensed Balance Sheet
                           At May 31 2006

ASSETS

CURRENT ASSETS
    Cash and cash equivalent assets                 $761,000,000
    Accounts receivable
       Trade                                       1,380,000,000
       Other                                         344,000,000
    Inventories                                      703,000,000
    Assets of discontinued operations                545,000,000
    Other current assets                             160,000,000
                                                ----------------
Total current assets                              $3,893,000,000
                                                ----------------

Investments and other assets                       1,355,000,000
Investments in equity affiliates                     931,000,000
Property, plant and equipment, net                 1,674,000,000
                                                ----------------
TOTAL ASSETS                                      $7,853,000,000
                                                ================

LIABILITY AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
    Notes payable, including current portion
       of long-term debt                             $34,000,000
    Accounts payable                                 999,000,000
    Liabilities of discontinued operations           236,000,000
    Other accrued liabilities                        755,000,000
                                                ----------------
Total current liabilities                         $2,024,000,000
                                                ----------------

Liabilities subject to compromise                 $4,295,000,000
Deferred employee benefits and other
    non-current liabilities                          259,000,000
Long-term debt                                        17,000,000
DIP financing                                        700,000,000

Minority interest in consolidates subsidiaries        84,000,000
Shareholder' equity                                  474,000,000
                                                ----------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY        $7,853,000,000
                                                ================


                          Dana Corporation
             Unaudited Condensed Statement of Operations
                  For the Month Ended May 31, 2006

Net Sales                                           $813,000,000
Costs and expenses
    Costs of sales                                   758,000,000
    Selling, general and administrative expenses      37,000,000
    Other income, net                                  8,000,000
                                                ----------------
Income (loss) from operations                        $26,000,000
Interest expense                                       5,000,000
Reorganization charges                                18,000,000
                                                ----------------
Income (loss) before income taxes                      3,000,000
Income tax (expense) benefit                         (14,000,000)
Minority interest                                              -
Equity in earnings of affiliates                       3,000,000
                                                ----------------
Income (loss) before continuing operations            (8,000,000)
Income (loss) from discontinued operations            (1,000,000)
                                                ----------------
Net income (loss)                                    ($9,000,000)
                                                ================


                          Dana Corporation
             Unaudited Condensed Statement of Cash Flow
                  For the Month Ended May 31, 2006

OPERATING ACTIVITIES
Net income (loss)                                    ($9,000,000)
Depreciation and amortization                         22,000,000
Charges related to divestitures and asset sales        4,000,000
Reorganization charges                                18,000,000
Payment of reorganization charges                     (7,000,000)
Working capital                                      (51,000,000)
Other                                                 (8,000,000)
                                                ----------------
Net cash flow provided by
(used for) operating activities                     ($15,000,000)

INVESTING ACTIVITIES
Purchases of property, plant and equipment           (33,000,000)
Proceeds from sale of other assets                             -
Others                                                (4,000,000)
                                                ----------------
Net cash flow provided by
(used for) operating activities                     ($37,000,000)

FINANCING ACTIVITIES
Net change in short-term debt                         (1,000,000)
Payments of long-term debt                                     -
Proceeds from DIP facility                                     -
Increase (decrease) in long-term                       2,000,000
                                                ----------------
Net cash flow provided by
(used for) financing activities                       $1,000,000

Net increase in cash equivalents                     (51,000,000)
                                                ----------------
Cash and cash equivalents, beginning of period       812,000,000
                                                ----------------
Cash and cash equivalents, end of period            $761,000,000
                                                ================

Headquartered in Toledo, Ohio, Dana Corporation --
http://www.dana.com/-- designs and manufactures products for
every major vehicle producer in the world, and supplies
drivetrain, chassis, structural, and engine technologies to those
companies.  Dana employs 46,000 people in 28 countries.  Dana is
focused on being an essential partner to automotive, commercial,
and off-highway vehicle customers, which collectively produce more
than 60 million vehicles annually.  The company and its affiliates
filed for chapter 11 protection on Mar. 3, 2006 (Bankr. S.D.N.Y.
Case No. 06-10354).  Corinne Ball, Esq., and Richard H. Engman,
Esq., at Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey
B. Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at
Jones Day in Cleveland, Ohio, represent the Debtors.  Henry S.
Miller at Miller Buckfire & Co., LLC, serves as the Debtors'
financial advisor and investment banker.  Ted Stenger from
AlixPartners serves as Dana's Chief Restructuring Officer.  Thomas
Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  When
the Debtors filed for protection from their creditors, they listed
$7.9 billion in assets and $6.8 billion in liabilities as of Sept.
30, 2005.  (Dana Corporation Bankruptcy News, Issue No. 14;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


DELPHI CORP: Posts $249 Million Net Loss in May 2006
----------------------------------------------------

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

                              ASSETS

Current assets:         
   Cash and cash equivalents                             $1,018
   Restricted cash                                           75
   Accounts receivable, net
      General Motors and affiliates                       1,695
      Other third parties                                 1,567
      Non-Debtor subsidiaries                               304
   Notes receivable from non-Debtor subsidiaries            384
   Inventories, net
      Productive material, work-in-process and supplies     924
      Finished goods                                        291
   Prepaid expenses and other                               289
                                                       --------
      TOTAL CURRENT ASSETS                                6,547

Long-term assets:
   Property, net                                          2,636
   Goodwill                                                 152
   Other intangible assets                                   37
   Pension intangible assets                                871
   Investments in non-Debtor subsidiaries                 3,444
   Other                                                    703
                                                       --------
TOTAL ASSETS                                            $14,390
                                                       ========


              LIABILITIES AND STOCKHOLDERS' DEFICIT         

Current liabilities not subject to compromise:
   Secured debt in default                                2,492
   Accounts payable                                       1,187
   Accounts payable to non-Debtor subsidiaries              440
   Accrued liabilities                                      895
                                                       --------
   TOTAL CURRENT LIABILITIES                              5,014

Long-term liabilities not subject to compromise:
   Debtor-in-possession financing                           250
   Employee benefit plan obligations and other              686
                                                       --------
   TOTAL LONG-TERM LIABILITIES                              936

Liabilities subject to compromise                        15,267
                                                       --------
   TOTAL LIABILITIES                                     21,217
          
Stockholders' deficit:         
   Common stock                                               6
   Additional paid-in capital                             2,758
   Accumulated deficit                                   (7,184)
   Minimum pension liability                             (2,311)
   Accumulated other comprehensive loss                     (44)
   Treasury stock, at cost (3.2 million shares)             (52)
                                                       --------
   TOTAL STOCKHOLDERS' DEFICIT                           (6,827)
                                                       --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT             $14,390
                                                       ========


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

Net sales:                  
   General Motors and affiliates                           $910
   Other customers                                          641
   Intercompany non-Debtor subsidiaries                      51
                                                       --------
Total net sales                                           1,602
                                                       --------
Operating expenses:                  
   Cost of sales                                          1,720
   Selling, general and administrative                      111
   Depreciation and amortization                             48
   Goodwill and long-lived asset impairment charges           -
                                                       --------
Total operating expenses                                  1,879
                                                       --------
Operating loss                                             (277)

Interest expense                                            (31)
Other expense, net                                           (2)

Reorganization items                                         (7)
Income tax benefit (expense)                                 (1)
Equity income from non-consolidated subsidiaries              4
Equity income from non-Debtor subsidiaries, net of tax       65
                                                       --------
NET LOSS                                                  ($249)
                                                       ========


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

Cash flows from operating activities:         
   Net loss                                               ($249)
   Adjustments to reconcile net loss
    to net cash provided by operating activities:         
    Depreciation and amortization                            48
    Pension and other postretirement benefit expenses       129
    Equity income from unconsolidated subsidiaries, net      (4)
    Equity income from non-Debtor subsidiaries, net of tax  (65)
    Reorganization items                                      7
   Changes in operating assets and liabilities:         
    Accounts receivable, net                                170
    Inventories, net                                         (9)
    Prepaid expenses and other                              (60)
    Accounts payable, accrued and other long-term debts     162
    Pension contributions                                     -
    Other postretirement benefit payments                   (18)
    Receipts (payments) for reorganization items, net         1
    Other                                                    19
                                                       --------
Net cash used in operating activities                       131
        
Cash flows from investing activities:
   Capital expenditures                                     (24)
   Increase in restricted cash                              (75)
   Proceeds from sale of property                             -
   Other                                                     (6)
                                                       --------
Net cash used in investing activities                      (105)

Cash flows from financing activities:
   Repayments of note payable to non-Debtor subsidiary       (1)
   Repayments of other debt                                   -
                                                       --------
Net cash used in financing activities                        (1)
                                                       --------
Increase in cash and cash equivalents                        25
Cash and cash equivalents at beginning of period            993
                                                       --------
Cash and cash equivalents at end of period               $1,018
                                                       ========

Based in Troy, Mich., 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. 31; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


ENTERGY NEW ORLEANS: Earns $2.3 Million in May 2006
---------------------------------------------------

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

ASSETS
Current Assets:
Cash and cash equivalents                              $33,774
Temporary cash investments                                   -
                                                    ----------
Total cash and cash equivalents                         33,774

Accounts receivable:
Customer                                                66,242
Allowance for doubtful accounts                        (23,637)
Associated companies                                     8,674
Other                                                    6,929
Accrued unbilled revenues                               24,925
                                                    ----------
Total accounts receivable                               83,133

Deferred fuel costs                                     35,247
Fuel inventory                                               -
Materials and supplies                                   6,830
Prepayments and other                                   22,059
                                                    ----------
Total current assets                                   181,043

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                                               737,264
Natural gas                                            191,552
Construction work in progress                           43,425
                                                    ----------
Total Utility Plant                                    972,241

Less - accumulated depreciation and amortization       427,753
                                                    ----------
Utility plant - net                                    544,488

Deferred Debits and Other Assets
Regulatory assets:
Other regulatory assets                                163,152
Long-term receivables                                    1,090
Other                                                   22,332
                                                    ----------
Total deferred debits and other assets                 186,574
                                                    ----------
TOTAL ASSETS                                          $916,471
                                                    ==========

LIABILITIES:

Postpetition liabilities:
Taxes payable                                          $13,375
Accounts payable                                        50,640
DIP credit facility                                     22,256
                                                    ----------
Total postpetition liabilities                          86,271

Current liabilities:
Currently maturing long-term debt                            -
Notes payable                                           15,000
Accounts payable:
Associated companies                                    55,658
Other                                                   84,920
Customer deposits                                       12,438
Taxes accrued                                                -
Accumulated deferred income taxes                        3,710
Interest accrued                                         3,114
Energy efficiency program provision                          -
Other                                                    6,614
                                                    ----------
Total current liabilities                              181,454

Non-current liabilities:
Accumulated deferred income taxes & taxes accrued      129,775
Accumulated deferred investment tax credits              3,394
SFAS 109 regulatory liability - net                     58,507
Other regulatory liabilities                                 -
Accumulated provisions                                   4,773
Pension liability                                       39,142
Long-term debt                                         229,866
Other                                                    6,812
                                                    ----------
Total non-current liabilities                          472,269
                                                    ----------
Total Liabilities                                      739,994

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                      (12,934)
                                                    ----------
Total shareholders equity                              176,477
                                                    ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY            $916,471
                                                    ==========

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

Operating Revenues
Domestic electric                                      $37,091
Natural gas                                              6,768
                                                    ----------
Total operating revenues                                43,859

Operating Expenses:
Operation and maintenance
Fuel                                                     2,749
Purchased power                                         22,159
Other operation and maintenance                          9,055
Taxes other than income taxes                            2,972
Depreciation and amortization                            2,837
Other regulatory charges - net                             392
                                                    ----------
Total operating expenses                                40,164
                                                    ----------
Operating income                                         3,695

Other income:
Allowance for equity funds used
during construction                                         58
Interest and dividend income                               260
Miscellaneous - net                                        (48)
                                                    ----------
Total other income                                         270

Interest and other charges:
Interest on long-term debt                                  62
Other interest-net                                        (159)
Allowance for borrowed funds used
during construction                                        (47)
                                                    ----------
Total interest and other charges                          (144)

Income (loss) before income taxes                        4,109
Income taxes                                             1,747
                                                    ----------
NET INCOME                                              $2,362
                                                    ==========

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

Beginning cash balance                             $26,591,368

Cash receipts                                       67,958,114
Cash disbursements                                 (60,775,614)

Net cash flow                                       [7,182,500]
                                                   -----------
ENDING CASH BALANCE                                $33,773,868
                                                   ===========

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.  Carey L. Menasco, Esq.,
Philip Kirkpatrick Jones, Jr., Esq., and Joseph P. Hebert, Esq.,
at Liskow & Lewis, APLC, represent the Official Committee of
Unsecured Creditors.  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. 19; Bankruptcy Creditors' Service, Inc., 215/945-7000)


FLYI INC: Files May 2006 Monthly Operating Report
-------------------------------------------------

                              FLYi Inc.
                     Consolidated Balance Sheet
                         As of May 31, 2006

ASSETS

Current assets
     Cash                                               $193,035
     Short term investments                            1,000,000
     Net accounts receivable                         379,627,803
     IC Notes receivable                               4,252,000
                                                    ------------
     Total Current Assets                           $385,077,838
                                                    ------------
Other assets
     Restricted cash                                           0
     Long term investments                             7,435,000
     Intangible assets                                         0
     Debt issuance cost                                        0
     Aircraft deposits                                         0
     Long term deferred tax                                    0
     Other assets                                     14,055,412
                                                    ------------
     Total Other Assets                              $21,490,412
                                                    ------------
     TOTAL ASSETS                                   $406,568,250
                                                    ============

LIABILITIES
Liabilities not subject to compromise                         $0
Liabilities subject to compromise
     Secured debt                                              0
     Priority debt                                             0
     Unsecured debt                                  244,926,756
                                                    ------------
     Total Liabilities                              $244,926,756
                                                    ------------
Owner Equity
     Common stock                                      1,088,716
     Additional paid in capital                      158,254,512
     Treasury stock                                  (35,717,477)
     Pre-petition retained earnings                   39,858,773
     Postpetition retained earnings                   (1,843,030)
                                                    ------------
     Net Owners' Equity                             $161,641,494
                                                    ------------
     TOTAL LIABILITIES AND OWNER'S EQUITY           $406,568,250
                                                    ============


                              FLYi Inc.
                      Statement of Operations
                              May 2006

Revenues                                                      $0
Other income and expenses
     Interest income                                      (4,212)
     Interest expense                                          -
     Other miscellaneous                                       -
                                                    ------------
     Net Profit(Loss)                                    ($4,212)
                                                    ============

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 20; Bankruptcy
Creditors' Service, Inc., 215/945-7000).


FLYI INC: Independence Air Posts $1 Million Net Loss in May 2006
----------------------------------------------------------------

                        Independence Air Inc.
                     Consolidated Balance Sheet
                         As of May 31, 2006

ASSETS

Current assets
     Cash                                            $33,858,490
     Short term investments                            3,500,000
     Restricted cash                                   4,592,214
     Net accounts receivable                          94,811,912
     Net expandable parts and fuel                        62,602
     Net prepaid expenses                              7,374,926
     Deferred tax asset                                       (1)
                                                    ------------
Total current assets                                $144,200,143
                                                    ------------
Other assets:
     Restricted cash                                  14,633,236
     Aircraft deposits                                12,662,000
     Other assets                                        438,999
                                                    ------------
Total other assets                                   $27,734,235
                                                    ------------
     TOTAL ASSETS                                   $171,934,378
                                                    ============
LIABILITIES

Liabilities not subject to compromise
     Accounts payable                                 $6,972,579
     Air traffic liability                               884,669
     Accrued liabilities                                 970,168
     Amounts due to insiders                              16,666
                                                    ------------
Total postpetition liabilities                        $8,844,082
                                                    ------------

Liabilities subject to compromise
     Secured debt                                     $1,268,964
     Priority debt                                     1,411,289
     Unsecured debt                                  401,595,559
     Other accruals                                   18,341,189
                                                    ------------
Total prepetition liabilities                       $422,617,001
                                                    ------------
Total Liabilities                                   $431,461,083
                                                    ------------
Owner Equity
     Common stock                                              0
     Treasury stock                                    7,435,000
     Owner's equity account                                    -
     Pre-petition retained earnings                 (243,575,613)
     Postpetition retained earnings                  (23,386,092)
     Adjustment to owner equity                                0
                                                    ------------
Net Owners' Equity                                 ($259,526,705)
                                                    ------------
     TOTAL LIABILITIES AND OWNER'S EQUITY           $171,934,378
                                                    ============


                        Independence Air Inc.
                       Statement of Operations
                              May 2006

Revenues
Operating Revenue
     Passenger revenue                                        $0
     Other revenue                                        (8,990)
                                                       ---------
Total operating revenues                                 ($8,990)
                                                       ---------
Operating expenses
Insider compensation                                      $8,333
     Wages                                               354,218
     Fringes and benefits                                (48,421)
     Aircraft fuel                                        (4,396)
     Aircraft maintenance and materials                   82,828
     Traffic commissions                                    (407)
     CRS Fees                                             (5,164)
     Facilities rent                                     (29,020)
     Landing fees                                       (204,052)
     Depreciation and amortization                             -
     Others                                               16,499
     Retirement and restructuring charge               1,053,562
                                                       ---------
Total operating expense                               $1,223,980
                                                       ---------
Net operating income                                  (1,232,970)
                                                       ---------
Net Profit (Loss) before other income & expenses      (1,232,970)
                                                       ---------
Other income and expenses
     Interest income                                    (216,096)
     Interest expense                                      4,772
     Other miscellaneous                                       -
                                                      ----------
     Total other (income) expense                       (211,324)
                                                      ----------
Net Profit (Loss) before reorganization items         (1,021,646)
                                                      ----------
Reorganization items
     Professional fees                                    53,394
     Income taxes                                              -
                                                      ----------
Net Profit (Loss)                                    ($1,075,040)
                                                      ==========

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 20; Bankruptcy
Creditors' Service, Inc., 215/945-7000).


FOAMEX INTERNATIONAL: Earns $2.9 Million in May 2006
----------------------------------------------------

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

                              ASSETS

Current Assets
   Cash                                              $2,748,000
   Accounts Receivable, net                         179,252,000
   Inventory                                        103,091,000
   Other current assets                              23,667,000
                                                   ------------
Total current assets                                308,757,000

Land & land improvements                              4,951,000
Buildings                                            86,766,000
Leasehold improvement                                 5,920,000
Machinery & Equipment                               201,844,000
Furniture & Fixtures                                  5,125,000
Auto equipment                                        7,784,000
Computer equipment                                    8,239,000
Construction in progress                              1,638,000
Accumulated depreciation                           (225,433,000)
                                                   ------------
Total property plant & equipment, net                96,833,000

Goodwill, net                                        86,191,000
Debt Issuance costs, net                              3,990,000
Investment in subsidiaries                           17,086,000
Long-term intercompany receivable                     4,850,000
Other Assets                                         50,117,000
                                                   ------------
Total Assets                                       $567,825,000
                                                   ============

              LIABILITIES & STOCKHOLDERS' DEFICIENCY

Current Liabilities
   Revolver borrowings                              $80,272,000
   Current portion of long-term debt                 86,223,000
   Accounts payable                                  74,312,000
   Intercompany                                         177,000
   Accrued employee costs                            14,880,000
   Accrued rebates                                    8,165,000
   Accrued interest                                   1,211,000
   Other current liabilities                         23,444,000
                                                   ------------
Total current liabilities                           288,684,000

Long-term debt                                          287,000
Intercompany debt                                             -
Liability Subject to Compromise                     648,495,000
Other liabilities                                    25,485,000
                                                   ------------
Total Long-Term Liabilities                         674,267,000
                                                   ------------
Total Liabilities                                   962,950,000

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)                   (37,935,000)
Shareholder loans                                    (9,221,000)
Accumulated deficit                                (423,395,000)
                                                   ------------
Stockholders' deficiency                           (395,125,000)
                                                   ------------
Liabilities & Stockholders Deficiency              $567,825,000
                                                   ============

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

Gross Sales                                        $106,594,000
Rebates, Discount & Sale Allowance                   (4,881,000)
                                                  -------------
Net Sales                                           101,713,000

Material                                             67,123,000
Labor                                                 3,738,000
Overhead                                             11,981,000
Freight/Shipping                                      4,130,000
                                                  -------------
Cost of Sales                                        86,972,000
                                                  -------------
Gross Profit                                         14,741,000

Labor & Employee Expense                              2,845,000
Indirect Materials & Samples                             43,000
Equipment & Maintenance Expense                          29,000
Facility Expense                                        136,000
Asset Disposal Gain (Loss)                                    -
Travel & Entertainment                                  267,000
Technology                                              213,000
Professional Fees & Services                          1,726,000
Other Miscellaneous Expense                             177,000
Insurance & Tax                                         168,000
Bad debt expense                                        (12,000)
Bank/Collection Costs                                    59,000
Transportation Cost                                      11,000
Depreciation/Amortization                               317,000
Corp. Cost to COS                                      (685,000)
                                                  -------------
Selling, general & admin expenses                     5,295,000

Restructuring & Impairment Charges                      174,000
                                                  -------------
Income from operations                                9,272,000

Interest Expense                                      4,288,000
Equity in earnings of JV & non-debtor subs             (240,000)
Other Income & (Expense)                                273,000
Professional Fees                                     1,924,000
Provision/(Gains) - Rejected Contracts                        -
Bankruptcy Filing Fees                                        -
Other Expense                                                 -
Debt Adjustment Gain/Loss                                     -
                                                  -------------
Reorganization Expense (Income)                       1,924,000
                                                  -------------
Income before Tax                                     3,094,000
Tax Provision                                           146,000
                                                  -------------
Net Income                                           $2,948,000
                                                  =============

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


MERIDIAN AUTOMOTIVE: Incurs $10.7 Million Net Loss in May 2006
--------------------------------------------------------------

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

CURRENT ASSETS:
    Cash                                                      -
    Accounts receivable, net                            $78,824
    Intercompany receivable                              15,421
    Inventories                                          65,343
    Tooling costs in excess of billings and others       31,020
                                                       --------
       TOTAL CURRENT ASSETS                             190,608
                                                       --------
    Property, plant and equipment, net                  221,660
    Intangible assets                                    15,263
    Investment in subsidiaries                           23,863
    Other assets                                         11,851
                                                       --------
       TOTAL ASSETS                                    $463,245
                                                       ========

CURRENT LIABILITIES NOT SUBJECT TO COMPROMISE:
    Current portion of long term debt                  $329,796
    Accounts payable                                     47,509
    Accrued expenses                                     43,804
    Tooling billings in excess of costs                   2,168
                                                       --------
       TOTAL CURRENT LIABILITIES                        423,277
                                                       --------

    Liabilities subject to compromise                   482,929

    Non-Current Liabilities Not Subject to Compromise:
       Other long-term liabilities                        9,016
       Accumulated post-retirement benefit obligation    24,041
                                                       --------
       TOTAL LIABILITIES                                939,263
       SHAREHOLDERS' EQUITY                            (476,018)
                                                       --------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY             $463,245
                                                       ========


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

Net sales                                               $70,463
Cost of sales                                            65,386
                                                        -------
Gross profit                                              5,077

Selling, general and administrative expenses              2,696
Restructuring charges                                     2,629
                                                        -------
Operating income (loss)                                    (248)

Interest expense, net                                     8,793
Other (expense) income                                        -
Chapter 11 and related reorganization items               1,735
                                                        -------
Loss before provision for income taxes                  (10,776)
(Benefit) Provision for income taxes                         18
                                                        -------
NET LOSS                                               ($10,794)
                                                        =======


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

OPERATING ACTIVITIES:
    Net loss                                           ($10,794)
    Adjustments required to reconcile net loss to net
     cash provided by (used in) operating activities:
       Depreciation, amortization, and impairment         4,305
       Change in working capital and other operating
        items                                            25,510
                                                     ----------
     Net cash provided by (used for) operating
      activities before reorganization items             19,021
                                                     ----------
     Operating cash flows from reorganization items:
        Chapter 11 and related reorganization items       1,735
        Payments on Chapter 11 and related reorg items   (1,739)
                                                     ----------
     Net cash provided by Chapter 11 and related
      reorg items                                            (4)

     Net cash provided by (used for) operating
      activities                                         19,017

INVESTING ACTIVITIES:
    Additions to property and equipment                  (1,217)
    Proceeds from sale or property and equipment              -
                                                     ----------
    Net cash used for investing activities               (1,217)
                                                     ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                      -
    Repayments of prepetition borrowings                      -
    Proceeds from DIP credit facility                    36,400
    Repayments of DIP credit facility                   (54,200)
    Repayments on prepetition long-term debt                  -
    Deferred financing costs capitalized                      -
                                                     ----------
Net cash (used for) provided by financing activities   ($17,800)
                                                     ----------
Net increase (decrease) in cash                               -
                                                     ----------
Cash and Cash Equivalents, beginning of period                -

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

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies    
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and
other interior systems to automobile and truck manufacturers.  
Meridian operates 22 plants in the United States, Canada and
Mexico, supplying Original Equipment Manufacturers and major
Tier One parts suppliers.  The Company and its debtor-affiliates
filed for chapter 11 protection on April 26, 2005 (Bankr. D.
Del. Case Nos. 05-11168 through 05-11176).  James F. Conlan,
Esq., Larry J. Nyhan, Esq., Paul S. Caruso, Esq., and Bojan
Guzina, Esq., at Sidley Austin Brown & Wood LLP, and Robert S.
Brady, Esq., Edmon L. Morton, Esq., Edward J. Kosmowski, Esq.,
and Ian S. Fredericks, Esq., at Young Conaway Stargatt & Taylor,
LLP, represent the Debtors in their restructuring efforts.  Eric
E. Sagerman, Esq., at Winston & Strawn LLP represents the
Official Committee of Unsecured Creditors.  The Committee also
hired Ian Connor Bifferato, Esq., at Bifferato, Gentilotti,
Biden & Balick, P.A., to prosecute an adversary proceeding
against Meridian's First Lien Lenders and Second Lien Lenders to
invalidate their liens.  When the Debtors filed for protection
from their creditors, they listed US$530 million in total assets
and approximately US$815 million in total liabilities.  
(Meridian Bankruptcy News, Issue No. 32; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


PERFORMANCE TRANSPORTATION: Files May 2006 Operating Report
-----------------------------------------------------------
The Debtors filed with the Court their Monthly Operating  
Statement for the period from May 1, 2006, to May 31, 2006.  

The Operating Statements do not include a Balance Sheet or  
Statement of Operations.  The Debtors, however, disclose a  
$1,400,300 operating loss for the period.

A full-text copy of the Debtors' May 2006 Operating Statements  
is available for free at

              http://researcharchives.com/t/s?d69


                 Performance Logistics Group, Inc.
         In re. Leaseway Motorcar Transport Company, et al.,  
                    U.S. Operations Cash Flow  
                 For the Month Ended May 31, 2006  

Book balance:
   Opening book balance, 05/01/06                    $3,992,454
                                                    -----------
  
Receipts   
   Customers                                         36,238,040
   Miscellaneous receipts                               131,485
                                                    -----------
   Total receipts                                    36,369,525
                                                    -----------

Disbursements
   Payroll, payroll taxes & fringe benefits          15,222,126
   Insurance & cargo losses                           5,166,841
   Fuel                                               4,514,642
   Parts, tires, other operating supplies & expenses  3,437,270
   Licenses, permits & tolls                            592,004
   Tractor, trailer lease payments                       43,493
   Building, land, service vehicles and other rents     363,687
   Interest & bank fee payments                       1,947,504
   Income, franchise & property taxes                     8,188
   Misc/DIP Line (Draw) / Repayments                          0
   Capital expenditures                                 367,600
   Professional Fees                                  1,068,347
                                                    -----------
   Total Disbursements                               32,731,703
                                                    -----------
Closing Book Balance, End of Month                   $7,630,275
                                                    ===========

Headquartered in Wayne, Michigan, Performance Transportation
Services, Inc. -- http://www.pts-inc.biz/-- is the second largest    
transporter of new automobiles, sport-utility vehicles and light
trucks in North America.  The Company provides transit stability,
cargo damage elimination and proactive customer relations that are
second to none in the finished vehicle market segment.  The
company's chapter 11 case is administered jointly under Leaseway
Motorcar Transport Company.

Headquartered in Niagara Falls, New York, Leaseway Motorcar
Transport Company Debtor and 13 affiliates filed for chapter 11
protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Case No. 06-00107).
James A. Stempel, Esq., James W. Kapp, III, Esq., and Jocelyn A.
Hirsch, Esq., at Kirkland & Ellis, LLP, and Garry M. Graber, Esq.,
at Hodgson Russ LLP represent the Debtors in their restructuring
efforts.  David Neier, Esq., at Winston & Strawn LLP, represents
the Official Committee of Unsecured Creditors.  When the Debtors
filed for protection from their creditors, they estimated assets
between $10 million and $50 million and more than $100 million in
debts.  (Performance Bankruptcy News, Issue No. 10; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


SILICON GRAPHICS: Cray A/P Files Schedules of Assets and Debts
--------------------------------------------------------------

A.     Real Property

B.     Personal Property
B.18   Other Liquidated Debts Owing Debtor
           Silicon Graphics, Inc.                       $544,880

        TOTAL SCHEDULED ASSETS                          $544,880
                                                        ========

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim                                           -

E.     Unsecured Priority Claims                               -

F.     Unsecured Non-priority Claims
F.1    Intercompany Liabilities
           Silicon Graphics, Inc.                     $2,935,155

        TOTAL SCHEDULED LIABILITIES                   $2,935,155
                                                      ==========

Headquartered in Mountain View, California, Silicon Graphics, Inc.
(OTC: SGID) -- http://www.sgi.com/-- offers high-performance   
computing.  SGI helps customers solve their computing challenges,
whether it's sharing images to aid in brain surgery, finding oil
more efficiently, studying global climate, providing technologies
for homeland security and defense, enabling the transition from
analog to digital broadcasting, or helping enterprises manage
large data.  The Debtor and 13 of its affiliates filed for chapter
11 protection on May 8, 2006 (Bankr. S.D.N.Y. Case Nos. 06-10977
through 06-10990).  Gary Holtzer, Esq., and Shai Y. Waisman, Esq.,
at Weil Gotshal & Manges LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed total assets of $369,416,815 and
total debts of $664,268,602.  (Silicon Graphics Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


SILICON GRAPHICS: Cray Int'l. Files Schedules of Assets and Debts
-----------------------------------------------------------------

A.     Real Property                                           -

B.     Personal Property
B.2    Bank Accounts
           Standard Chartered Bank                       $27,747

        TOTAL SCHEDULED ASSETS                           $27,747
                                                         =======

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim                                           -

E.     Unsecured Priority Claims                               -

F.     Unsecured Non-priority Claims
F.1    Intercompany Liabilities
            Silicon Graphics, Inc.                      $160,722

        TOTAL SCHEDULED LIABILITIES                     $160,722
                                                        ========

Headquartered in Mountain View, California, Silicon Graphics, Inc.
(OTC: SGID) -- http://www.sgi.com/-- offers high-performance   
computing.  SGI helps customers solve their computing challenges,
whether it's sharing images to aid in brain surgery, finding oil
more efficiently, studying global climate, providing technologies
for homeland security and defense, enabling the transition from
analog to digital broadcasting, or helping enterprises manage
large data.  The Debtor and 13 of its affiliates filed for chapter
11 protection on May 8, 2006 (Bankr. S.D.N.Y. Case Nos. 06-10977
through 06-10990).  Gary Holtzer, Esq., and Shai Y. Waisman, Esq.,
at Weil Gotshal & Manges LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed total assets of $369,416,815 and
total debts of $664,268,602.  (Silicon Graphics Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


SILICON GRAPHICS: Federal Files Schedules of Assets and Debts
-------------------------------------------------------------

A.     Real Property                                           -

B.     Personal Property
B.2    Bank Accounts
           Wells Fargo Bank                             $314,674

B.16   Accounts Receivable
           Trade Accounts Receivable                  21,320,001
           Non-Trade Accounts Receivable                   1,783

B.18   Other Liquidated Debts Owing Debtor
           Silicon Graphics, Inc.                    333,662,761
           Silicon Graphics SA, (France)                  22,790

B.23   General Intangibles                          Undetermined

B.28   Office Equipment
           Leasehold Improvements                        456,462

B.29   Equipment and Supplies for Business
           Security Interest in Lease Residual           669,689
           IT Equipment                                  485,224

        TOTAL SCHEDULED ASSETS                      $356,933,384
                                                    ============

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim
D.1    Secured Financing
           Ableco Finance LLC                        $30,091,875
           Ableco Finance LLC                          2,253,326

D.2    Letters of Credit
           The Goldman Sachs Group, Inc.              33,256,234
           WXIII/Crittenden Realty A/B LLC             6,000,000
           WXIII/Crittenden Realty A/B LLC             4,500,000
           HSBC Bank Australia                           330,155

E.     Unsecured Priority Claims
E.1    Personal and Real Property Tax Liabilities   Undetermined
E.2    Income Tax Liabilities                       Undetermined
E.3    Employee Claims
           Rinehart, Verrill                              10,000
           Stanley, Thomas                                10,000
           Vieira, Wayne                                  10,000
           Hahn, Brian                                     3,544
           Camp, Steve                                     2,562
           Barreras, Nathan                                2,475
           Swift, Spencer                                  2,400
           Gall, Daniel                                      829
           Belbot, Norm                                      246

F.     Unsecured Non-priority Claims
F.1    Accounts Payable                                2,015,072
           see: http://researcharchives.com/t/s?d35

F.2    Intercompany Liabilities
           Silicon Graphics, Inc.                    388,640,516

F.3    Unsecured Employee Liabilities
           Rinehart, Verrill                              19,090
           Vieira, Wayne                                   5,710
           Stanley, Thomas                                 4,646

        TOTAL SCHEDULED LIABILITIES                 $467,158,680
                                                    ============

Headquartered in Mountain View, California, Silicon Graphics, Inc.
(OTC: SGID) -- http://www.sgi.com/-- offers high-performance   
computing.  SGI helps customers solve their computing challenges,
whether it's sharing images to aid in brain surgery, finding oil
more efficiently, studying global climate, providing technologies
for homeland security and defense, enabling the transition from
analog to digital broadcasting, or helping enterprises manage
large data.  The Debtor and 13 of its affiliates filed for chapter
11 protection on May 8, 2006 (Bankr. S.D.N.Y. Case Nos. 06-10977
through 06-10990).  Gary Holtzer, Esq., and Shai Y. Waisman, Esq.,
at Weil Gotshal & Manges LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed total assets of $369,416,815 and
total debts of $664,268,602.  (Silicon Graphics Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


SILICON GRAPHICS: SG World Files Schedules Of Assets And Debts
--------------------------------------------------------------

A.     Real Property                                           -

B.     Personal Property
B.2    Bank Accounts
           ING Belgium S.A./N.V.                              $8

B.13   Stock and Interests                          Undetermined

B.18   Other Liquidated Debts Owing Debtor
           Silicon Graphics, Inc.                      2,000,000
           Silicon Graphics (Pty) Limited              3,576,794
           Silicon Graphics AE, (Greece)                 188,846

        TOTAL SCHEDULED ASSETS                        $5,765,648
                                                      ==========

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim
D.1    Secured Financing
           Ableco Finance LLC                        $30,091,875
           Ableco Finance LLC                          2,253,326

D.2    Letters of Credit
           The Goldman Sachs Group, Inc.              33,256,234
           WXIII/Crittenden Realty A/B LLC             6,000,000
           WXIII/Crittenden Realty A/B LLC             4,500,000
           HSBC Bank Australia                           330,155

E.     Unsecured Priority Claims                               -

F.     Unsecured Non-priority Claims                           -

        TOTAL SCHEDULED LIABILITIES                  $76,431,590
                                                     ===========

Headquartered in Mountain View, California, Silicon Graphics, Inc.
(OTC: SGID) -- http://www.sgi.com/-- offers high-performance   
computing.  SGI helps customers solve their computing challenges,
whether it's sharing images to aid in brain surgery, finding oil
more efficiently, studying global climate, providing technologies
for homeland security and defense, enabling the transition from
analog to digital broadcasting, or helping enterprises manage
large data.  The Debtor and 13 of its affiliates filed for chapter
11 protection on May 8, 2006 (Bankr. S.D.N.Y. Case Nos. 06-10977
through 06-10990).  Gary Holtzer, Esq., and Shai Y. Waisman, Esq.,
at Weil Gotshal & Manges LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed total assets of $369,416,815 and
total debts of $664,268,602.  (Silicon Graphics Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


SILICON GRAPHICS: Nine Debtor-Affiliates File Schedules
-------------------------------------------------------

In their Schedules of Assets and Liabilities, six Debtors
reported zero assets and zero liabilities:

       Debtor                                      Case No.
       ------                                      --------
       Cray Research, LLC                          06-10979
       Silicon Graphics Real Estate, Inc.          06-10980
       Silicon Studio, Inc.                        06-10982
       Cray Financial Corporation                  06-10987
       ParaGraph International, Inc.               06-10989
       WTI-Development, Inc.                       06-10990

Two Debtors reported zero assets and liabilities aggregating:

     Debtor                                          Amount
     ------                                          ------
     Cray Research America Latina Ltd.               $5,494
     Cray Research Eastern Europe Ltd.              $21,886

Cray Research India Ltd. reported zero liabilities, and $135,605
in assets for its disbursement account with Standard Chartered
Bank.

Headquartered in Mountain View, California, Silicon Graphics, Inc.
(OTC: SGID) -- http://www.sgi.com/-- offers high-performance   
computing.  SGI helps customers solve their computing challenges,
whether it's sharing images to aid in brain surgery, finding oil
more efficiently, studying global climate, providing technologies
for homeland security and defense, enabling the transition from
analog to digital broadcasting, or helping enterprises manage
large data.  The Debtor and 13 of its affiliates filed for chapter
11 protection on May 8, 2006 (Bankr. S.D.N.Y. Case Nos. 06-10977
through 06-10990).  Gary Holtzer, Esq., and Shai Y. Waisman, Esq.,
at Weil Gotshal & Manges LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed total assets of $369,416,815 and
total debts of $664,268,602.  (Silicon Graphics Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000)


SOLUTIA CORP: Post $3 Million Net Loss in May 2006
--------------------------------------------------

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

                               Assets

Cash                                                $158,000,000
Trade Receivables, net                               181,000,000
Account Receivables-Unconsolidated Subsidiaries       55,000,000
Inventories                                          181,000,000
Other Current Assets                                  81,000,000
                                                  --------------
Total Current Assets                                 656,000,000

Property, Plant and Equipment, net                   659,000,000
Investment in Affiliates                             576,000,000
Intangible Assets, net                               100,000,000
Other assets                                          59,000,000
                                                  --------------
TOTAL ASSETS                                      $2,050,000,000
                                                  ==============

                Liabilities and Shareholders' Deficit

Accounts Payable                                    $150,000,000
Short Term Debt                                      650,000,000
Other Current Liabilities                            180,000,000
                                                  --------------
Total Current Liabilities                            980,000,000
Other Long-Term Liabilities                          198,000,000
                                                  --------------
Total Liabilities not Subject to Compromise        1,178,000,000
Liabilities Subject to Compromise                  2,219,000,000
Shareholders' Deficit                             (1,347,000,000)
                                                  --------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT         $2,050,000,000
                                                  ==============


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

Total Net Sales                                     $216,000,000
Total Cost of Goods Sold                             193,000,000
                                                  --------------
Gross Profit                                          23,000,000

Total MAT Expense                                     19,000,000
                                                  --------------
Operating Income                                       4,000,000

Equity Earnings from Affiliates                        5,000,000
Interest Expense, net                                 (7,000,000)
Other Income, net                                      1,000,000

Reorganization Items:
Professional fees                                     (5,000,000)
Adjustment to allowed claim amounts                   (1,000,000)
                                                  --------------
                                                      (6,000,000)
                                                  --------------
Loss Before Taxes                                     (3,000,000)
Income tax expense                                             0
                                                  --------------
NET LOSS                                             ($3,000,000)
                                                  ==============

Based in St. Louis, Mo., 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. 64; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


TOWER AUTOMOTIVE: Incurs $7.3 Million Net Loss in May 2006
----------------------------------------------------------

              Tower Automotive, Inc., and Subsidiaries
               Unaudited Consolidated Balance Sheet
                        As of May 31, 2006
                         (In Thousands)

CURRENT ASSETS:
     Cash and cash equivalents                           $53,468
     Accounts receivable                                 179,520
     Inventories                                          69,225
     Prepaid tooling and other                            30,374
                                                      ----------
        TOTAL CURRENT ASSETS                             332,587
                                                      ----------

     Property, plant and equipment, net                  521,745
     Investment in joint ventures                              -
     Investment in subsidiaries                          765,900
     Inter-company receivables                                 -
     Other assets, net                                    53,448
                                                      ----------
        TOTAL ASSETS                                  $1,673,680
                                                      ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
     Current maturities of long-term debt                $14,256
     Current maturities of DIP borrowings                612,500
     Accounts payable                                    130,253
     Accrued liabilities                                  99,309
                                                      ----------
        TOTAL CURENT LIABILITIES                         856,318
                                                      ----------
     Liabilities subject to comprise                   1,306,906

     Non-Current Liabilities Not Subject to Compromise:

        Long-term debt, net of current maturities         84,751
        DIP borrowings, net of current maturities              -
        Other non-current liabilities                     27,948
                                                      ----------
        TOTAL LIABILITIES                              2,275,923

        STOCKHOLDERS' DEFICIT                           (602,243)
                                                      ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT           $1,673,680
                                                      ==========

              Tower Automotive, Inc., and Subsidiaries
                Unaudited Statement of Operations
                         May 1 to 31, 2006
                          (In Thousands)

Revenues                                                $140,827
Cost of sales                                            132,962
                                                      ----------
Gross profit                                               7,865

Selling, general and administrative expenses               5,568
Restructuring and asset impairment charges, net            1,129
                                                      ----------
Operating income (loss)                                    1,168

Interest expense                                           7,128
Interest income                                             (212)
Intercompany interest (income)/expense                    (2,187)
Other income                                                (266)
Chapter 11 and related reorganization items                3,674
                                                      ----------
Income (loss) before provision for income taxes,
     equity in earnings of joint ventures, and
     minority interest                                    (6,969)

Provision (benefit) for income taxes                         364
                                                      ----------
Income (loss) before equity in earnings                   (7,333)

Equity in earnings of joint ventures, net of tax              21
                                                      ----------
NET INCOME/(LOSS)                                        ($7,312)
                                                      ==========

             Tower Automotive, Inc., and Subsidiaries
                Unaudited Statement of Cash Flows
                        May 1 to 31, 2006
                         (In Thousands)

OPERATING ACTIVITIES:
     Net loss                                            ($7,312)
     Adjustments required to reconcile net loss to net
      Cash provided by (used in) operating activities:

        Chapter 11 & related reorganization items, net       724
        Restructuring and asset impairment, net                -
        Depreciation                                       7,708
        Equity in earnings of joint ventures, net            (21)
        Change in working capital and operating items     (1,847)
                                                      ----------
        Net cash used in operating activities               (748)

INVESTING ACTIVITIES:
     Cash disbursed for purchase of property, plant
      and equipment                                       (2,308)
                                                      ----------
        Net cash used for investing activities            (2,308)

FINANCING ACTIVITIES:
Proceeds from non-DIP borrowings                               -
Repayments of non-DIP borrowings                              (1)
Borrowings from DIP credit facility                       38,000
Repayments of borrowings from DIP credit facility        (46,500)
                                                      ----------
        Net cash used in financing activities             (8,501)
                                                      ----------
Net change in cash and cash equivalents                  (11,557)
Cash and Cash Equivalents, beginning of period            65,025
                                                      ----------
Cash and Cash Equivalents, end of period                 $53,468
                                                      ==========

Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer,
including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda,
Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo.  Products
include body structures and assemblies, lower vehicle frames and
structures, chassis modules and systems, and suspension
components.  In Europe, Tower Automotive holds facilities in
Belgium, France, Germany, Italy, Poland, Slovakia and Spain.

The Company and 25 of its debtor-affiliates filed voluntary
chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No.
05-10576 through 05-10601).  James H.M. Sprayregen, Esq., Ryan
B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and
Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent
the Debtors in their restructuring efforts.  Ira S. Dizengoff,
Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the
Official Committee of Unsecured Creditors.  When the Debtors
filed for protection from their creditors, they listed
US$787,948,000 in total assets and US$1,306,949,000 in total
debts.  (Tower Automotive Bankruptcy News, Issue No. 38;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


USG CORP: Files May 2006 Monthly Operating Report
-------------------------------------------------

USG Corporation, et al.
Consolidated Balance Sheet                          31-May-2006
__________________________                          ___________

Assets:
Cash and cash equivalents                        $1,142,065,000
Marketable Securities                               136,738,000
Restricted Cash                                      91,538,000
Receivables                                         545,917,000
Inventories                                         302,456,000
Income taxes receivable                               5,618,000
Deferred income taxes                                34,192,000
Other current assets                                138,581,000
                                                 --------------
Total current assets                              2,396,105,000

Property, plant and equipment, net                1,681,954,000
Deferred income taxes                             1,638,039,000
Goodwill                                            104,877,000
Other assets                                        413,547,000
                                                 --------------
Total Assets                                     $6,235,522,000
                                                 ==============

Liabilities and Stockholders' Equity:
Accounts payable                                   $297,691,000
Accrued expenses                                    221,279,000
Taxes on income                                     200,296,000
                                                 --------------
Total current liabilities                           719,266,000

Other liabilities                                   458,580,000
Liabilities subject to compromise                 5,853,378,000

Stockholders' Equity:
Common stock                                          4,998,000
Treasury stock                                     (208,681,000)
Capital received in excess of par value             150,431,000
Accumulated other comprehensive income/(loss)       (19,919,000)
Retained earnings                                  (722,531,000)
                                                 --------------
Total stockholders' equity                         (795,702,000)
                                                 --------------
Total Liabilities and Stockholders' Equity       $6,235,522,000
                                                 ==============


USG Corporation, et al.                            Month Ending
Consolidated Income Statement                       31-May-2006
_____________________________                      ____________

Net sales                                          $494,592,000

Cost of products sold                               379,457,000
Selling and administrative expenses                  30,637,000
Chapter 11 reorganization expenses                    1,292,000)
Interest expense                                     24,059,000
Interest income                                        (149,000)
Other (income)/expense, net                            (208,000)
                                                   ------------
Earnings (loss) before income taxes                 $59,504,000

Income taxes (benefit)                               25,190,000
                                                   ------------
Net Earnings (loss)                                 $34,314,000
                                                   ============

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

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

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

When the Debtors filed for protection from their creditors, they
listed $3,252,000,000 in assets and $2,739,000,000 in debts.  The
Debtors emerged from bankruptcy protection on June 20, 2006. (USG
Bankruptcy News, Issue No. 116; 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
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
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

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
Acrobat PDF format.

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
http://www.bankrupt.com/books/to order any title today.

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 G. Lopez,
Robert Max Quiblat, 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.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $725 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
at 240/629-3300.

                    *** End of Transmission ***