TCR_Public/060729.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 29, 2006, Vol. 10, No. 179

                             Headlines

ADELPHIA COMM: Files June 2006 Monthly Operating Report
CALPINE CORP: Posts $110 Million Net Loss in March 2006
COLLINS & AIKMAN: Posts $25.6 Million Net Loss in June 2006
FEDERAL-MOGUL: Posts $18.4 Million Net Loss in June 2006
REFCO INC: Refco LLC Files May 2006 Monthly Operating Report

SAINT VINCENTS: Files June 2006 Monthly Operating Report
WERNER LADDERS: Posts $5.5 Million Net Loss in June 2006
WERNER LADDERS: DE Posts $658,000 Net Loss in Period Ended June 30
WERNER LADDERS: PA Earns $117,000 in Period Ended June 30
WERNER LADDERS: WIP Tech. Files June 2006 Monthly Operating Report

WINN-DIXIE: Files June 2006 Monthly Operating Report

                             *********

ADELPHIA COMM: Files June 2006 Monthly Operating Report
-------------------------------------------------------

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

                               ASSETS

Cash and cash equivalents                               $731,722
Restricted cash                                            3,893
Accounts receivables - net                               105,244
Receivable for securities                                  7,167
Other current assets                                     201,107
                                                     -----------
Total current assets                                   1,049,133

Restricted cash                                            2,751
Investments in equity affiliates                           6,194
Property and equipment - net                           4,215,300
Intangible assets - net                                7,479,648
Other noncurrent assets - net                            120,934
                                                     -----------
Total Assets                                         $12,873,960
                                                     ===========

                LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable                                        $114,225
Subscriber advance payments and deposits                  34,020
Payable to non-filing entities                             1,543
Accrued liabilities                                      589,975
Deferred income                                           19,115
Current portion of parent and subsidiary debt            959,431
                                                     -----------
Total current liabilities                              1,718,309

Other liabilities                                         32,108
Deferred income                                           56,149
Deferred income taxes                                    883,135
                                                     -----------
Total noncurrent liabilities                             971,392

Liabilities subject to compromise                     18,372,813
                                                     -----------
Total liabilities                                     21,062,514

Minority interests in equity of subsidiary                60,201

Stockholders' equity:
    Series preferred stock                                   397
    Class A and Class B common stock                       2,548
    Additional paid-in capital                         9,516,510
    Accumulated other comprehensive income                    60
    Accumulated deficit                              (17,740,333)
    Treasury stock, at cost                              (27,937)
                                                     -----------
Total stockholders' equity                            (8,248,755)
                                                     -----------
Total liabilities and stockholders' equity           $12,873,960
                                                     ===========


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

Revenue                                                 $397,297
Cost and expenses:
    Direct operating and programming                     249,082
    Selling, general and administrative                   23,898
    Investigation, re-audit and sale transaction costs     4,775
    Depreciation and amortization                         80,400
    Impairment of long-lived assets                            -
    Provision for uncollectible amounts from Rigases           -
    Gains on dispositions of long-lived assets              (157)
                                                     -----------
Operating income (loss)                                  $39,299

Other income (expense):
    Interest expense                                     (99,127)
    Impairment of cost & available for sale investments        -
    Other income (expense) - net                         (31,707)
                                                     -----------
       Total other expense - net                        (130,834)
                                                     -----------
Loss from continuing operations before reorganization    (91,535)

Reorganization expenses due to bankruptcy                (20,327)
                                                     -----------
Loss from continuing operations before income taxes     (111,862)
Income tax benefit                                             -
Share of losses of equity affiliates - net                   324
Minority's interest in subsidiary losses - net            14,221
                                                     -----------
Net loss                                                 (97,317)
Beneficial conversion feature                                  -
                                                     -----------
Net loss applicable to common stockholders              ($97,317)
                                                     ===========


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

Cash flows from operating activities:
    Net loss                                            ($97,317)
    Adjustments to reconcile net loss to net cash
    provided by (used in) operating activities:
       Depreciation and amortization                      80,400
       Impairment of long-lived assets                         -
       Provision for uncollectible amounts from Rigases    2,863
       Gains on disposition of long-lived assets            (157)
       Amortization of debt issuance costs                   225
       Impairment of cost & available for sale investments     -
       Provision for loss contingencies                   30,000
       Reorganization expenses due to bankruptcy          20,327
       Deferred tax expense (benefit)                          -
       Share in losses of equity affiliates - net           (324)
       Minority interest in losses of subsidiaries       (14,221)
       Other noncash gains                                  (384)
       Depreciation, amortization and other non-cash
          items from discontinued operations                   -
       Change in operating assets & liabilities          (33,020)
                                                     -----------
Net cash provided by operating activities before
payment of reorganization expenses                      ($11,608)

Reorganization expenses paid during the period           (10,340)
                                                     -----------
Net cash provided by (used in) operating activities      (21,948)

Cash flows from investing activities:
    Expenditures for property, plant and equipment       (37,881)
    Changes in restricted cash                           262,480
    Proceeds from sale of investments                          -
    Other                                                   (411)
                                                     -----------
Net cash used in investing activities                    224,188

Cash flows from financing activities:
    Proceeds from debt                                    16,000
    Repayments of debt                                    (7,929)
    Payment of debt issuance costs                             -
                                                     -----------
Net cash provided by financing activities                  8,071

Change in cash and cash equivalents cash                 210,311

Cash, beginning of period                                521,411
                                                     -----------
Cash, end of period                                     $731,722
                                                     ===========

                 About Adelphia Communications

Based in Coudersport, Pa., Adelphia Communications Corporation
(OTC: ADELQ) -- http://www.adelphia.com/-- is the fifth-largest       
cable television company in the country.  Adelphia serves
customers in 30 states and Puerto Rico, and offers analog and
digital video services, high-speed Internet access and other
advanced services over its broadband networks.  The Company and
its more than 200 affiliates filed for Chapter 11 protection in
the Southern District of New York on June 25, 2002.  Those cases
are jointly administered under case number 02-41729.  Willkie Farr
& Gallagher represents the ACOM Debtors.  PricewaterhouseCoopers
serves as the Debtors' financial advisor.  Kasowitz, Benson,
Torres & Friedman, LLP, and Klee, Tuchin, Bogdanoff & Stern LLP
represent the Official Committee of Unsecured Creditors.

Adelphia Cablevision Associates of Radnor, L.P., and 20 of its
affiliates, collectively known as Rigas Manged Entities, are
entities that were previously held or controlled by members of the
Rigas family.  In March 2006, the rights and titles to these
entities were transferred to certain subsidiaries of Adelphia
Cablevision, LLC.  The RME Debtors filed for chapter 11 protection
on March 31, 2006 (Bankr. S.D.N.Y. Case Nos. 06-10622 through 06-
10642).  Their cases are jointly adminsitered under Adelphia
Communications and its debtor-affiliates chapter 11 cases.
(Adelphia Bankruptcy News, Issue No. 143; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


CALPINE CORP: Posts $110 Million Net Loss in March 2006
-------------------------------------------------------

                       Calpine Corporation
              Condensed Consolidating Balance Sheet
                      As of March 31, 2006

                             ASSETS

Current assets:
   Cash & cash equivalents                      $1,361,523,000
   Accounts receivable, net                        848,681,000
   Margin deposits & other prepaid expense         298,096,000
   Inventories                                     150,044,000
   Restricted cash                                 764,214,000
   Current derivative assets                       297,860,000
   Current assets held for sale                     39,542,000
   Other current assets                             65,757,000
                                               ---------------
Total current assets                             3,825,717,000

   Restricted cash, net of current portion         207,280,000
   Notes receivable, net of current portion        161,151,000
   Project development costs                        24,247,000
   Deferred financing costs                        197,083,000
   Prepaid lease, net of current portion           351,909,000
   Property, plant & equipment, net             14,460,435,000
   Goodwill                                         45,160,000
   Other intangible assets, net                     53,199,000
   Long-term derivative assets                     528,799,000
   Other assets                                    607,311,000
                                               ---------------
Total assets                                   $20,546,729,000
                                               ===============

               LIABILITIES & STOCKHOLDERS' DEFICIT

Current liabilities:
   Accounts payable                               $521,491,000
   Accrued payroll and related expense              40,872,000
   Accrued interest payable                        185,759,000
   Income taxes payable                             99,073,000
   Notes payable & other borrowings                193,049,000
   Preferred interests                               8,877,000
   Capital lease obligations                       284,932,000
   CCFC financing                                  782,991,000
   CalGen financing                              2,508,800,000
   Construction/project financing                2,195,523,000
   Senior notes and term loans                     641,777,000
   DIP Facility                                      3,500,000
   Current derivative liabilities                  454,330,000
   Other current liabilities                       292,605,000
                                               ---------------
Total current liabilities                        8,213,579,000

   Notes payable and other borrowings              468,864,000
   Preferred interests                             579,519,000
   Capital lease obligations                           505,000
   Construction/project financing                  173,581,000
   DIP Facility                                    995,625,000
   Deferred income taxes                           371,433,000
   Deferred revenue                                133,899,000
   Long-term derivative liabilities                714,267,000
   Other liabilities                               158,197,000
                                               ---------------
Total liabilities not subject to compromise     11,809,469,000
Liabilities subject to compromise               14,527,162,000
Minority interests                                 274,074,000

Stockholders' equity (deficit):
   Common stock                                        569,000
   Additional paid-in capital                    3,266,890,000
   Additional paid-in capital, loaned shares       258,100,000
   Additional paid-in capital, returnable shares  (258,100,000)
   Accumulated deficit                          (9,202,603,000)
   Accumulated other comprehensive loss           (128,832,000)
                                               ---------------
Total stockholders' deficit                     (6,063,976,000)
                                               ---------------
Total liabilities & stockholders' deficit      $20,546,729,000
                                               ===============


                       Calpine Corporation
         Condensed Consolidating Statement of Operations
                For period ending March 31, 2006

Revenue:
   Electricity and steam revenue                  $342,886,000
   Transmission sales revenue                          719,000
   Sales of purchased power & gas
      for hedging and optimization                  54,953,000
   Mark-to-market activities, net                    7,318,000
   Other revenue                                     9,566,000
                                               ---------------
Total revenue                                      415,442,000

Cost of revenue:
   Plant operating expense                          55,681,000
   Royalty expense                                   1,793,000
   Transmission purchase expense                     7,633,000
   Purchased power and gas
      for hedging and optimization                  38,251,000
   Fuel expense                                    200,324,000
   Depreciation & amortization expense              28,907,000
   Operating plant impairments                      49,653,000
   Other cost of revenue                             8,803,000
                                               ---------------
Total cost of revenue                              397,591,000
                                               ---------------
Gross profit                                        17,851,000
(Income) from unconsolidated investments            (2,939,000)
Equipment, development project & other impairments   5,758,000
Project development expense                          1,980,000
Research and development expense                     1,488,000
Sales, general and administrative expense           29,839,000
                                               ---------------
Income (loss) from operations                      (18,275,000)
Interest expense                                   105,019,000
Interest (income)                                   (6,102,000)
Minority interest expense                              490,000
Other (income) expense, net                         (6,400,000)
                                               ---------------
Loss before organization items, benefit for
income taxes and cumulative effect of a change
in accounting principle                           (111,282,000)

Reorganization items                                 2,159,000
                                               ---------------
Loss before benefit for income taxes and
cumulative effect of a change in accounting
principle                                         (113,441,000)

Provision (benefit) for income taxes                (3,625,000)

Loss before cumulative effect of a change in
accounting principle                              (109,816,000)

Cumulative effect of a change in accounting
principle, net of tax provision                       (312,000)
                                               ---------------
Net loss                                         ($110,128,000)

                      About Calpine Corp.

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


COLLINS & AIKMAN: Posts $25.6 Million Net Loss in June 2006
-----------------------------------------------------------

                   Collins & Aikman Corporation
                          Balance Sheet
                       As of June 30, 2006

                              ASSETS

Cash                                                $98,336,943
Accounts receivable-trade, net                      150,938,476
Other non-trade receivables                           5,846,505
Inventories, net                                     93,194,676
Tooling and molding, net-current                     50,511,285
Prepaids & other current assets                      57,098,576
Deferred tax assets-current                             (87,825)
                                                ---------------
TOTAL CURRENT ASSETS                                455,838,636

Investments in subsidiaries                       2,534,708,519
Fixed assets, net                                   307,359,412
Goodwill, net                                       978,554,071
Deferred tax assets-long term                        25,938,826
Tooling and molding, net-long term                    7,662,679
Other noncurrent assets                              89,036,082
Intercompany accounts - net                         128,079,899
Prepetition intercompany - net                      694,574,567
                                                ---------------
TOTAL ASSETS                                     $5,221,752,692
                                                ===============

                        LIABILITIES & EQUITY

Notes payable                                                $0
Short term borrowings                                         0
Advance on receivables                                        0
Current portion-long term debt                      245,450,028
Current portion-capital leases                                0
Accounts payable                                     38,330,069
Accrued interest payable                              7,749,884
Accrued & other liabilities                         102,860,811
Income taxes payable                                 (6,139,618)
                                                ---------------
TOTAL CURRENT LIABILITIES                           388,251,174

Liabilities subject to compromise                 2,386,486,645
                                                ---------------
Total liabilities                                 2,774,737,819

Total equity                                      2,447,017,873
                                                ---------------
TOTAL LIABILITIES & EQUITY                       $5,221,752,692
                                                ===============



                   Collins & Aikman Corporation
                         Income Statement
                    Month Ending June 30, 2006

Net outside sales                                  $155,134,802
I/C Net sales                                        17,148,782
                                                ---------------
Total sales                                         172,283,584

Cost of goods sold                                  165,781,004
                                                ---------------
Gross profit                                          6,502,580

Selling, general & administrative expenses           29,839,744
                                                ---------------
Operating income                                    (23,337,164)

Interest expenses                                     9,208,053
Intercompany interest, net                           (2,958,546)
Preferred stock accretion                                     0
Miscellaneous (income)/expense                                0
Corporate allocation adjustment                      (3,721,799)
Commission income                                      (266,377)
Commission expense                                            0
Royalty income                                         (638,741)
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                      565,373
Amort of discount on NPV of liabilities                       0
(Gain)/Loss on sale-leaseback transaction                     0
                                                ---------------
Income from continuing operations before taxes      (25,525,126)

Federal income tax                                            0
State income tax                                              0
Foreign income tax                                       35,517
                                                ---------------
Income from continuing operations                   (25,560,643)

Discontinued operations                                 110,035
Gain/Loss on sale of divisions                                0
Extraordinary items                                           0
Integration                                                   0
                                                ---------------
NET INCOME (LOSS)                                  ($25,670,678)
                                                ===============

                     About Collins & Aikman

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


FEDERAL-MOGUL: Posts $18.4 Million Net Loss in June 2006
--------------------------------------------------------

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

                             Assets

Cash and equivalents                                     $812.7
Accounts receivable                                       616.1
Inventories                                               453.1
Deferred taxes                                             96.1
Prepaid expenses and other current assets                  94.1
                                                     ----------
Total current assets                                    2,072.1
  
Summary of Unpaid Postpetition Debits                     (83.8)
Intercompany Loans Receivable (Payable)                 2,188.6
                                                     ----------
Intercompany Balances                                   2,104.7
  
Property, plant and equipment                             851.1
Goodwill                                                  947.2
Other intangible assets                                   408.1
Insurance recoverable                                     809.8
Other non-current assets                                  911.0
                                                     ----------
Total Assets                                           $8,104.0
                                                     ==========
  
               Liabilities and Shareholders' Equity  
  
Short-term debt                                          $537.0
Accounts payable                                          237.6
Accrued compensation                                       63.2
Restructuring and rationalization reserves                 16.5
Current portion of asbestos liability                         -
Interest payable                                            4.8
Other accrued liabilities                                 265.0
                                                     ----------
Total current liabilities                               1,124.1
  
Long-term debt                                                -
Post-employment benefits                                1,956.5
Other accrued liabilities                                 800.7
Liabilities subject to compromise                       6,007.3
  
Shareholders' equity:  
   Preferred stock                                      1,050.6
   Common stock                                           565.8
   Additional paid-in capital                           8,062.1
   Accumulated deficit                                (10,304.8)
   Accumulated other comprehensive income              (1,158.2)
   Other                                                      -
                                                     ----------
Total Shareholders' Equity                             (1,784.5)
                                                     ----------
Total Liabilities and Shareholders' Equity             $8,104.0
                                                     ==========
  
  
                Federal-Mogul Global, Inc., et al.  
                Unaudited Statement of Operations  
                For the Month Ended June 30, 2006  
                          (In millions)  
  
Net sales                                                $276.0
Cost of products sold                                     226.2
                                                     ----------
Gross margin                                               49.8
  
Selling, general & administrative expenses                (52.8)
Amortization                                               (1.2)
Reorganization items                                       (9.3)
Interest expense, net                                     (14.9)
Other income, net                                           9.9
                                                     ----------
Earnings before Income Taxes                              (18.4)
  
Income Tax (Expense) Benefit                                0.0
                                                     ----------
Earnings before effect of change in acctg. principle      (18.4)
Cumulative effect of change in acctg. principle               -
                                                     ----------
Net Loss                                                 ($18.4)
                                                     ==========
  
  
                Federal-Mogul Global, Inc., et al.  
                Unaudited Statement of Cash Flows  
                For the month ended June 30, 2006
                          (In millions)  
  
Cash Provided From (Used By) Operating Activities:  
   Net loss                                              ($18.4)
Adjustments to reconcile net earnings (loss) to net cash:  
   Depreciation and amortization                           13.3
   Adjustments of assets held for sale to fair value       (3.2)
   Asbestos Charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg. principle            -
   Change in post-employment benefits                      (6.3)
   Decrease/(increase) in accounts receivable               3.6
   Decrease/(increase) in inventories                      (3.9)
   Increase/(decrease) in accounts payable                 (4.6)
   Change in other assets and other liabilities            36.3
   Change in restructuring charge                           0.7
   Refunds (payments) against asbestos liability              -
                                                     ----------
Net Cash Provided From Operating Activities                17.6
  
Cash Provided From (Used By) Investing Activities:  
   Expenditures for property, plant & equipment            (4.8)
   Proceeds from sale of property, plant & equipment          -
   Proceeds from sale of businesses                           -
   Business acquisitions, net of cash acquired                -
   Other                                                      -
                                                     ----------
Net Cash Used by Investing Activities                      (4.8)
  
Cash Provided From (Used By) Financing Activities:  
   Decrease in debt                                       (11.1)
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                  (17.5)
                                                     ----------
Net Cash Provided From Financing Activities               (28.7)
  
Decrease in Cash and Equivalents                          (15.8)
  
Cash and equivalents at beginning of period               828.5
                                                     ----------
Cash and equivalents at end of period                    $812.7
                                                     ==========

                      About Federal-Mogul

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is one of the world's largest
automotive parts companies with worldwide revenue of some
$6 billion.  The Company filed for chapter 11 protection on
Oct. 1, 2001 (Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan
Esq., James F. Conlan Esq., and Kevin T. Lantry Esq., at Sidley
Austin Brown & Wood, and Laura Davis Jones Esq., at Pachulski,
Stang, Ziehl, Young, Jones & Weintraub, P.C., represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $10.15 billion
in assets and $8.86 billion in liabilities.  Federal-Mogul
Corp.'s U.K. affiliate, Turner & Newall, is based at Dudley Hill,
Bradford. Peter D. Wolfson, Esq., at Sonnenschein Nath &
Rosenthal; and Charlene D. Davis, Esq., Ashley B. Stitzer, Esq.,
and Eric M. Sutty, Esq., at The Bayard Firm represent the Official
Committee of Unsecured Creditors.  (Federal-Mogul Bankruptcy News,
Issue No. 111; Bankruptcy Creditors' Service, Inc., 215/945-7000)


REFCO INC: Refco LLC Files May 2006 Monthly Operating Report
------------------------------------------------------------
Albert Togut, Refco, LLC's Chapter 7 Trustee, filed with the
Bankruptcy Court a monthly statement of cash receipts and
disbursements for the period from May 1 to 31, 2006.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
for the period totals $768,637,000.  Refco LLC's beginning
purchase price account balance totals $62,882,000 and its
beginning capital account "A" balance totals $705,755,000.

The purchase price account includes activity related to Man
Financial sale proceeds and related disbursements.  Capital
account "A" includes activity related to collection of excess
capital.

Refco LLC received $7,7276,000 in cash and disbursed $1,692,000.  
The Debtor held $774,221,000 at the end of the period.

Refco LLC reimbursed Refco Capital LLC for $35,000 in gross  
payroll costs allocated to the Chapter 7 Debtor's estate for time  
spent by employees of other Refco, Inc. entities.

The Chapter 7 Trustee prepared the Statement of Receipts and
Disbursements in lieu of comprehensive financial statements.

A full-text copy of Refco LLC's May 2006 Monthly Statement is
available at no charge at:

              http://researcharchives.com/t/s?e7d

                        About Refco Inc.

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

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

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

On April 13, 2006, the Court appointed Marc S. Kirschner as
Refco Capital Markets Ltd.'s chapter 11 trustee.  Mr. Kirschner
is represented by Bingham McCutchen LLP.  RCM is Refco's
operating subsidiary based in Bermuda.

Three more affiliates of Refco, Westminster-Refco Management
LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC,
filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y.
Case Nos. 06-11260 through 06-11262).  (Refco Bankruptcy News,
Issue No. 36; Bankruptcy Creditors' Service, Inc., 215/945-
7000).


SAINT VINCENTS: Files June 2006 Monthly Operating Report
--------------------------------------------------------

                           SVCMC Debtors
                Unaudited Consolidated Balance Sheet
                        As of June 30, 2006

ASSETS
Cash & Cash Equivalents                              $35,795,121
Investments                                                    -
Patients Accounts Receivable, less allowance for
    doubtful accounts                                161,944,813
Accounts Receivable                                   31,192,805
Other Current Assets                                  74,934,220
                                                  --------------
    Total Current Assets                             303,866,959

Depreciation Reserve Funds & Collaterized Assets      15,406,148
Assets Designated for Self-Insurance
    Investments at Market                             45,122,751
Assets whose use is limited -
    Investments at Market                             55,086,169
Other Non-Current Assets                              16,982,049

Land, Buildings & Equipment, net of
    Accumulated Depreciation                         271,678,107
                                                  --------------
     Total Assets                                   $708,142,183
                                                  ==============

LIABILITIES AND NET ASSETS
Liabilities Subject to Compromise:
    HFG Loan                                                   -
    Accounts Payable & Accrued Expenses              234,975,020
    Estimated Retroactive Payables to
       Third Parties, net                             78,827,935
    Long-term Debt                                   127,639,664
    Long-term Debt, excluding current installments             -
    Estimated Liability for Self-Insurance           265,202,044
                                                  --------------
    Total Liabilities Subject to Compromise          706,644,663

Liabilities Not Subject to Compromise:
    Accrued Salaries & Payroll Taxes Withheld         45,672,961
    Accounts Payables & Accrued Expenses              99,663,530
    Long-term Debt (GE)                              169,000,000
                                                  --------------
    Total Liabilities                              1,020,981,154

Net Assets:
    Unrestricted                                    (372,824,076)
    Temporarily Restricted                            35,383,428
    Permanently Restricted                            24,601,677
                                                  --------------
    Total Net Assets                                (312,838,971)
                                                  --------------
    Total Liabilities & Net Assets                  $708,142,183
                                                  ==============


                           SVCMC Debtors
               Unaudited Consolidated Income Statement
                    From June 1 to June 30, 2006

Operating Revenue
    Inpatient                                        $62,103,201
    Outpatient                                        31,243,261
                                                  --------------
       Patient Service Revenue                        93,346,462
                                                  --------------
    Less Provision for Bad Debt                        6,169,554
                                                  --------------
       Net Patient Service Revenue                    87,176,908
                                                  --------------
    Pool Revenue                                       3,863,271
    Capitation                                         7,954,630
    Other                                             10,052,273
                                                  --------------
    Total Operating Revenue                          109,047,082

Operating Expenses:
    Salaries and Wages                                47,635,240
    Fringe Benefits                                   13,817,597
    Supplies and Other                                35,640,491
    Insurance                                          4,326,739
                                                  --------------
    Total Direct Operating Costs                     101,420,067

    Salaries and Wages                                 2,587,050
    Fringe Benefits                                      750,605
    Supplies and Other                                 6,382,939
                                                  --------------
    Total Corporate Allocated                          9,720,594
                                                  --------------
    Total Operating Expense                          111,140,661
                                                  --------------
Interest                                               1,399,592
Depreciation                                           3,601,535
                                                  --------------
    Operating Gain (Loss) Before
       Non-Recurring and/or Unusual Items             (7,094,706)

Non-Recurring and/or Unusual Items:
    Discontinued Operations (St. Mary's)                       -
    St. Mary's Op Pac Rate Adjustment                          -
    ZBEC/HFE Recoveries                                        -
    Restructuring & Bankruptcy Related Costs          (2,430,385)
    Estimated Close-out of St. Mary's                          -
    Hanys Investment Income (SFS INS)                          -
    Prior Period Ambulance Revenue                             -
    Transfer of Equity Foundation                              -
                                                  --------------
    Total Non-Recurring and/or Unusual Items          (2,430,385)
                                                  --------------
    Operating Gain (Loss) After
       Non-Recurring and/or Unusual Items             (9,525,091)
                                                  --------------
Non-Operating Revenue                                     97,370
Change in Temporary Restricted Net Assets                (83,556)
                                                  --------------
    Change in Net Assets                              (9,511,277)
                                                  --------------
    EBITDA                                           ($2,093,579)
                                                  ==============


                           SVCMC Debtors
                  Unaudited Statement of Cash Flows
                    From June 1 to June 30, 2006

Cash Flows from Operation Activities:
    Changes in Net Assets                            ($9,511,277)

Adjustments to Reconcile Changes in Net Assets
    to Net Cash Provided by Operating Activities:
    Depreciation & Amortization                        3,601,535
    Gain on Refinancing                                        -
    Change in Unrealized Gains & Losses                   97,525
    Change in Patient's Accounts Receivable           (4,698,111)
    Change in Accounts Receivables, Other              1,008,728
    Change in Prepaid Expenses & Other                (6,908,203)
    Change in Other Non-Current Assets                    72,895
    Change in Accounts Payable &
       Accrued Exp-Prepetition                                 -
    Change in Accounts Payable &
       Accrued Exp-Postpetition                        8,047,799
    Change in Accrued Salaries & P/R Taxes            (5,814,381)
    Change in Est. Retro rec/pay
       from/to third parties                           7,738,471
    Change in Est. Liability for self-insurance                -
    Change in Other Non-Current Liabilities            2,290,012
                                                  --------------
    Net Cash Provided by Operating Activities        ($4,075,007)

Cash flows From Investment Activities:
    Sale of Investments, Net                              65,074
    Sale of Assets Whose Use is Limited                 (268,165)
    Acquisition/Sale of Land, Building,
       & Equipment                                    (1,984,327)
                                                  --------------
    Net Cash Provided by Investing Activities         (2,187,418)

Cash flows From Financing Activities:
    Proceeds/Repayment From/of Working Capital Loa             -
    Proceed from issuance of Long-term debt                    -
    Repayment of Long-term debt                         (272,788)
                                                  --------------
    Net Cash (Used) in Financing Activities             (272,788)

    Net Increase (Decrease)
       in Cash & Cash Equivalents                     (6,535,213)

    Cash & Cash Equivalents at Beginning of Month     42,330,334
                                                  --------------
    Cash & Cash Equivalents at End of the Month      $35,795,121
                                                  ==============

                      About Saint Vincents

Headquartered in New York, New York, Saint Vincents Catholic
Medical Centers of New York -- http://www.svcmc.org/-- the
largest Catholic healthcare providers in New York State, operate
hospitals, health centers, nursing homes and a home health agency.
The hospital group consists of seven hospitals located throughout
Brooklyn, Queens, Manhattan, and Staten Island, along with four
nursing homes and a home health care agency.

The Company and six of its affiliates filed for chapter 11
protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945
through 05-14951).  Gary Ravert, Esq., and Stephen B. Selbst,
Esq., at McDermott Will & Emery, LLP, filed the Debtors' chapter
11 cases.  On Sept. 12, 2005, John J. Rapisardi, Esq., at Weil,
Gotshal & Manges LLP took over representing the Debtors in their
restructuring efforts.  Martin G. Bunin, Esq., at Thelen Reid &
Priest LLP, represents the Official Committee of Unsecured
Creditors.  As of Apr. 30, 2005, the Debtors listed $972 million
in total assets and $1 billion in total debts.  (Saint Vincent
Bankruptcy News, Issue No. 30 Bankruptcy Creditors' Service, Inc.,
215/945-7000)


WERNER LADDERS: Posts $5.5 Million Net Loss in June 2006
--------------------------------------------------------

                           Werner Co.
                         Balance Sheet
                      As of June 30, 2006

ASSETS
Current Assets:
Cash and cash equivalents                           $29,919,000

Gross accounts receivable                            72,226,000
   Less Allowance for doubtful accounts               2,600,000
                                                   ------------
Receivables, net                                     69,626,000

Income taxes receivable                               4,107,000
Inventories, net                                     63,144,000
Prepaid insurance and other                          13,743,000
                                                   ------------
Total current assets                                180,539,000

Property, plant & equipment, net                     77,016,000

Other assets:
Deferred financing fees, net                             76,000
Investment in subsidiaries and
   other noncurrent assets                           14,001,000
                                                   ------------
Total other assets                                   14,077,000
                                                   ------------
TOTAL ASSETS                                       $271,632,000
                                                   ============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable                                    $12,575,000
Accrued liabilities                                  21,800,000
Intercompany payable (receivables)                   76,010,000
Current maturities of long-term debt                  1,916,000
                                                   ------------
Total current liabilities                           112,301,000

Long-Term Liabilities:
Revolving Line of Credit                                      -
Long-term debt                                       20,138,000
Reserve for product liability and                             -
   workers' compensation claims                               -
Other long-term obligations                          24,904,000
Liabilities subject to compromise                   326,982,000
                                                   ------------
Total Liabilities                                  [484,325,000]

Shareholders' deficit:
Common stock                                                  -
Additional paid-in-capital                           13,371,000
Retained earnings (deficit)                        (212,436,000)
Accumulated other comprehensive income (loss)       (13,628,000)
                                                   ------------
Total Shareholders Deficit                         (212,693,000)
                                                   ------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT          $271,632,000
                                                   ============


                           Werner Co.
                    Statement of Operations
                      June 12 to 30, 2006

Gross Sales                                         $23,885,000

Add/Deduct sales adjustments:
   Freight invoiced to customer                        (257,000)
   Sales incentive                                    1,660,000
   Cash discounts and returns                           280,000
                                                   ------------
Net sales                                            22,202,000

Cost of sales:
Cost of sales at standard                            15,304,000
Variances from standard                                (147,000)
Aluminum variances                                      927,000
Product liability expenses                              535,000
                                                   ------------
Total cost of sales                                  16,619,000

Gross profit                                          5,583,000

Operating expenses:
   Freight to customer expenses                         996,000
   Warehouse and shipping expenses                    1,932,000
   Optimization/restructuring costs                     128,000

Selling expenses:
   Advertising allowances                               721,000
   Other selling expenses                             1,042,000
   Administrative expenses                            2,428,000
                                                   ------------
Total operating expenses                              7,247,000
                                                   ------------
Operating profit (loss)                              (1,664,000)

Other income (expense)                               (2,920,000)
AR Facility (expenses)                               (1,266,000)
                                                   ------------
Loss before interest and taxes                       (5,850,000)
Interest expense                                         29,000
                                                   ------------
Loss before income taxes                             (5,879,000)
Provision for income taxes                             (306,000)
                                                   ------------
Net Income (Loss)                                   ($5,573,000)
                                                   ============


                           Werner Co.
                    Statement of Cash Flows
                      June 12 to 30, 2006

Cash Flows from Operating Activities:
Net income (loss)                                   ($5,573,000)
Reconciliation of net income to net cash
provided by operating activities:
   Depreciation                                         571,000
   Amortization of deferred financing fees               10,000
   Amortization of deferred costs                       232,000
   Provision for losses on account receivables           32,000
   Provision for insurance claims                       499,000
   Payment of insurance claims                         (150,000)
Changes in operating assets and liabilities:
   Accounts receivable                               (1,197,000)
   Net borrowings under AR Facility
     terminated in June 2006                        (42,046,000)
   Income taxes receivable                             (306,000)
   Inventories                                         (469,000)
   Accounts payable                                    (856,000)
   Noncash intercompany transactions                  3,276,000
   Other assets and liabilities, net                 (1,836,000)
                                                   ------------
Net cash used by operating activities               (47,813,000)

Cash Flows From Investing Activities:
Capital expenditures, net                              (595,000)
                                                   ------------
Net cash used in investing activities                  (595,000)

Cash Flows From Financing Activities:
Proceeds on issued of long-term debt                 75,000,000
Capital lease payments                                  (29,000)
Debt issuance costs                                  (1,575,000)
                                                   ------------
Net cash provided by financing activities            73,396,000
                                                   ------------

Net increase in cash and equivalents                 24,988,000
Cash and equivalents at June 11, 2006                 4,931,000
                                                   ------------
Cash and equivalents at June 30, 2006               $29,919,000
                                                   ============

                      About Werner Ladder

Headquartered in Greenville, Pennsylvania, Werner Co. --
http://www.wernerladder.com/-- manufactures and distributes
ladders, climbing equipment and ladder accessories.  The company
and three of its affiliates filed for chapter 11 protection on
June 12, 2006 (Bankr. D. Del. Case No. 06-10578).  Kara Hammond
Coyle, Esq., Matthew Barry Lunn, Esq., and Robert S. Brady, Esq.,
Young, Conaway, Stargatt & Taylor, LLP, serves as the Debtors'
counsel.  The firm of Willkie Farr & Gallagher LLP represents the
Debtors as its co-counsel.  The Debtors have retained Rothschild
Inc. as their financial advisor and investment banker.  At March
31, 2006, the Debtors reported total assets of $201,042,000 and
total debts of $473,447,000.  (Werner Ladder Bankruptcy News,
Issue No. 6; Bankruptcy Creditors' Service, Inc., 215/945-7000)


WERNER LADDERS: DE Posts $658,000 Net Loss in Period Ended June 30
------------------------------------------------------------------

                 Werner Holding Co. (DE), Inc.
                         Balance Sheet
                      As of June 30, 2006

ASSETS
Current Assets:
Cash and cash equivalents                                $3,000
Intercompany receivables, net                       306,270,000
Other current assets                                    213,000
                                                   ------------
Total current assets                                306,486,000

Property, Plant & Equipment, Net                              -

Other assets:
Deferred financing fees, net                         10,601,000
Other noncurrent assets                                   1,000
Investment in subsidiaries                         (199,487,000)
                                                   ------------
Total other assets                                 (188,885,000)
                                                   ------------
TOTAL ASSETS                                       $117,601,000
                                                   ============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accrued interest                                        $24,000
Income taxes payable                                    432,000
Revolving line of credit --
   Senior Secured First Lien Facility                22,000,000
Current maturities of long-term debt                179,913,000
                                                   ------------
Total current liabilities                           202,369,000

Long-term obligations

Long-term debt -- DIP financing                      75,000,000
Liabilities subject to compromise                   146,833,000
                                                   ------------
Total Liabilities                                   424,202,000

Shareholders' deficit:
Common stock                                                  -
Additional paid-in-capital                            2,650,000
Retained earnings (deficit)                        (309,251,000)
                                                   ------------
Total Shareholders Deficit                         (306,601,000)
                                                   ------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT          $117,601,000
                                                   ============


                 Werner Holding Co. (DE), Inc.
                    Statement of Operations
                      June 12 to 30, 2006

Net sales                                                     -
Cost of sales                                                 -
                                                   ------------
Gross profit                                                  -
General Administrative Expenses                               -
                                                   ------------
Operating profit (loss)                                       -
Other income (expense), net                            ($85,000)
                                                   ------------
Loss before interest and taxes                          (85,000)

Interest expense                                     (2,075,000)
Interco Interest (Expense) Income                     1,502,000
                                                   ------------
Income (Loss) Before Taxes                             (658,000)
Income Tax (Benefit)                                          -
                                                   ------------
Net Income (Loss)                                     ($658,000)
                                                   ============


                 Werner Holding Co. (DE), Inc.
                    Statement of Cash Flows
                      June 12 to 30, 2006

Cash Flows from Operating Activities:
Net income (loss)                                     ($658,000)
Noncash intercompany transactions                    (1,501,000)
Amortization of deferred financing fees                 218,000
Interest & fees of 1st & 2nd Lien debt unpaid         1,436,000
Other operating activities, net                         505,000
                                                   ------------
Net cash used by operating activities                         -

Cash Flows From Investing Activities:
Investing activities, net                                     -
                                                   ------------
Net cash used in investing activities                         -

Cash Flows From Financing Activities:
Repayments of long-term debt                                  -
Payment of deferred financing fees                            -
Other financing activities, net                               -
                                                   ------------
Net cash provided by financing activities                     -
                                                   ------------
Net increase in cash and equivalents                          -
Cash and equivalents at June 12, 2006                     3,000
                                                   ------------
Cash and equivalents at June 30, 2006                    $3,000
                                                   ============

                      About Werner Ladder

Headquartered in Greenville, Pennsylvania, Werner Co. --
http://www.wernerladder.com/-- manufactures and distributes
ladders, climbing equipment and ladder accessories.  The company
and three of its affiliates filed for chapter 11 protection on
June 12, 2006 (Bankr. D. Del. Case No. 06-10578).  Kara Hammond
Coyle, Esq., Matthew Barry Lunn, Esq., and Robert S. Brady, Esq.,
Young, Conaway, Stargatt & Taylor, LLP, serves as the Debtors'
counsel.  The firm of Willkie Farr & Gallagher LLP represents the
Debtors as its co-counsel.  The Debtors have retained Rothschild
Inc. as their financial advisor and investment banker.  At March
31, 2006, the Debtors reported total assets of $201,042,000 and
total debts of $473,447,000.  (Werner Ladder Bankruptcy News,
Issue No. 6; Bankruptcy Creditors' Service, Inc., 215/945-7000)


WERNER LADDERS: PA Earns $117,000 in Period Ended June 30
---------------------------------------------------------

                 Werner Holding Co. (PA), Inc.
                         Balance Sheet
                      As of June 30, 2006

ASSETS
Current Assets:
Cash and cash equivalents                                     -
Intercompany receivables, net                       $20,109,000
Income taxes receivable                                 528,000
Other current assets                                     37,000
                                                   ------------
Total current assets                                 20,674,000

Property, Plant & Equipment, Net                              -

Other assets:
Investment in subsidiaries (negative)              (308,943,000)
                                                   ------------
Total other assets                                 (308,943,000)
                                                   ------------
TOTAL ASSETS                                      ($288,269,000)
                                                   ============

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Current liabilities                                           -
Noncurrent liabilities                                        -
                                                   ------------
Total Liabilities                                             -

Preferred stock                                      98,444,000

Shareholders' Deficit:
Common stock                                              1,000
Additional paid-in-capital                           19,695,000
Retained earnings (deficit)                        (406,203,000)
N/R arising from stock loan plan                       (206,000)
                                                   ------------
Total Shareholders Deficit                         (386,713,000)
                                                   ------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT         ($288,269,000)
                                                   ============


                 Werner Holding Co. (PA), Inc.
                    Statement of Operations
                      June 12 to 30, 2006

Net sales                                                     -
Cost of sales                                                 -
                                                   ------------
Gross profit                                                  -
General Administrative Expenses                               -
                                                   ------------
Operating profit (loss)                                       -
Other income (expense), net                                   -
                                                   ------------
Loss before interest and taxes                                -
Interest expense                                              -
Interco interest (expense) income                      $117,000
                                                   ------------
Income (loss) before taxes                              117,000
Income tax (benefit)                                          -
                                                   ------------
Net Income (Loss)                                      $117,000
                                                   ============


                 Werner Holding Co. (PA), Inc.
                    Statement of Cash Flows
                      June 12 to 30, 2006

Cash Flows from Operating Activities:
Net income (loss)                                      $117,000
Noncash intercompany transactions                      (117,000)
Other operating activities, net                               -
                                                   ------------
Net cash used by operating activities                         -

Cash Flows From Investing Activities:
Investing activities, net                                     -
                                                   ------------
Net cash used in investing activities                         -

Cash Flows From Financing Activities:
Other financing activities, net                               -
                                                   ------------
Net cash provided by financing activities                     -
                                                   ------------
Net increase in cash and equivalents                          -

Cash and equivalents at June 12, 2006                     4,000
                                                   ------------
Cash and equivalents at June 30, 2006                    $4,000
                                                   ============

                      About Werner Ladder

Headquartered in Greenville, Pennsylvania, Werner Co. --
http://www.wernerladder.com/-- manufactures and distributes
ladders, climbing equipment and ladder accessories.  The company
and three of its affiliates filed for chapter 11 protection on
June 12, 2006 (Bankr. D. Del. Case No. 06-10578).  Kara Hammond
Coyle, Esq., Matthew Barry Lunn, Esq., and Robert S. Brady, Esq.,
Young, Conaway, Stargatt & Taylor, LLP, serves as the Debtors'
counsel.  The firm of Willkie Farr & Gallagher LLP represents the
Debtors as its co-counsel.  The Debtors have retained Rothschild
Inc. as their financial advisor and investment banker.  At March
31, 2006, the Debtors reported total assets of $201,042,000 and
total debts of $473,447,000.  (Werner Ladder Bankruptcy News,
Issue No. 6; Bankruptcy Creditors' Service, Inc., 215/945-7000)


WERNER LADDERS: WIP Tech. Files June 2006 Monthly Operating Report
------------------------------------------------------------------

                     WIP Technologies, Inc.
                         Balance Sheet
                      As of June 30, 2006

ASSETS
Current Assets:
Cash and cash equivalents                                $4,000
Intercompany receivables, net                         9,156,000
                                                   ------------
Total current assets                                  9,160,000

Property, Plant & Equipment, Net                              -
                                                   ------------
TOTAL ASSETS                                         $9,160,000
                                                   ============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Income taxes payable                                 $1,483,000
                                                   ------------
Total Liabilities                                     1,483,000

Shareholders' Deficit:
Common stock                                                  -
Additional paid-in-capital                                1,000
Retained earnings (deficit)                           7,676,000
                                                   ------------
Total Shareholders Deficit                            7,677,000
                                                   ------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT            $9,160,000
                                                   ============


                     WIP Technologies, Inc.
                    Statement of Operations
                      June 12 to 30, 2006

Net sales                                            $1,332,000
Cost of sales                                                 -
                                                   ------------
Gross profit                                          1,332,000

General Administrative Expenses                               -
                                                   ------------
Operating profit (loss)                               1,332,000
Other income (expense), net                                   -
                                                   ------------
Loss before interest and taxes                        1,332,000
Interest expense                                              -
Interco interest (expense) income                        48,000
                                                   ------------
Income (loss) before taxes                            1,380,000
Income tax (benefit)                                          -
                                                   ------------
Net Income (Loss)                                    $1,380,000
                                                   ============


                     WIP Technologies, Inc.
                    Statement of Cash Flows
                      June 12 to 30, 2006

Cash Flows from Operating Activities:
Net income (loss)                                    $1,380,000
Noncash intercompany transactions                    (1,380,000)
Other operating activities, net                               -
                                                   ------------
Net cash used by operating activities                         -

Cash Flows From Investing Activities:
Investing activities, net                                     -
                                                   ------------
Net cash used in investing activities                         -

Cash Flows From Financing Activities:
Other financing activities, net                               -
                                                   ------------
Net cash provided by financing activities                     -
                                                   ------------
Net increase in cash and equivalents                          -
Cash and equivalents at June 12, 2006                     4,000
                                                   ------------
Cash and equivalents at June 30, 2006                    $4,000
                                                   ============

                      About Werner Ladder

Headquartered in Greenville, Pennsylvania, Werner Co. --
http://www.wernerladder.com/-- manufactures and distributes
ladders, climbing equipment and ladder accessories.  The company
and three of its affiliates filed for chapter 11 protection on
June 12, 2006 (Bankr. D. Del. Case No. 06-10578).  Kara Hammond
Coyle, Esq., Matthew Barry Lunn, Esq., and Robert S. Brady, Esq.,
Young, Conaway, Stargatt & Taylor, LLP, serves as the Debtors'
counsel.  The firm of Willkie Farr & Gallagher LLP represents the
Debtors as its co-counsel.  The Debtors have retained Rothschild
Inc. as their financial advisor and investment banker.  At March
31, 2006, the Debtors reported total assets of $201,042,000 and
total debts of $473,447,000.  (Werner Ladder Bankruptcy News,
Issue No. 6; Bankruptcy Creditors' Service, Inc., 215/945-7000)


WINN-DIXIE: Files June 2006 Monthly Operating Report
----------------------------------------------------

                    Winn-Dixie Stores, Inc., et al.
                 Unaudited Consolidated Balance Sheet
                          At June 28, 2006
                           (In Thousands)

                               Assets

Current Assets:
    Cash and cash equivalents                           $187,514
    Marketable securities                                 14,308
    Trade and other receivables, net                     148,384
    Insurance claims receivable                           45,547
    Income tax receivable                                 30,382
    Merchandise inventories, net                         473,808
    Prepaid expenses and other current assets             31,064
    Assets held for sale                                  41,939
                                                      ----------
Total current assets                                     972,946

Property, plant and equipment, net                       499,965
Other assets, net                                        104,953
                                                      ----------
Total assets                                          $1,577,864
                                                      ==========

             Liabilities and Shareholders' Deficit

Current liabilities:
    Current borrowings under DIP Credit facility         $40,000
    Current portion of long-term debt                        232
    Current obligations under capital leases               3,661
    Accounts payable                                     238,778
    Reserve for self-insurance liabilities                87,633
    Accrued wages and salaries                            75,730
    Accrued rent                                          36,576
    Accrued expenses                                     103,566
    Liabilities related to assets held for sale            8,777
                                                      ----------
Total current liabilities                                594,953

Reserve for self-insurance liabilities                   144,243
Long-term debt                                               164
Obligations under capital leases                           3,696
Other liabilities                                         15,599
                                                      ----------
Total liabilities not subject to compromise              758,655

Liabilities subject to compromise                      1,122,836
                                                      ----------
Total liabilities                                      1,881,491

Shareholders' deficit:
    Common stock                                         141,858
    Additional paid-in capital                            35,214
    Accumulated deficit                                 (447,019)
   Accumulated other comprehensive loss                  (33,680)
                                                      ----------
Total shareholders' deficit                             (303,627)
                                                      ----------
Total liabilities and shareholders' deficit           $1,577,864
                                                      ==========

                    Winn-Dixie Stores, Inc., et al.
           Unaudited Consolidated Statement of Operations
                    Four Weeks Ended June 28, 2006
                           (In Thousands)

Net sales                                               $542,769
Cost of sales                                            395,772
                                                      ----------
Gross profit on sales                                    146,997
Other operating and administrative expenses              164,116
Restructuring gains                                      (40,023)
                                                      ----------
Operating loss                                            22,904
Interest expense, net                                         81
                                                      ----------
Loss before reorganization items and income taxes         22,823
Reorganization items, net expense                          4,702
Income tax expense                                             -
                                                      ----------
Net earnings from continuing operations                   18,121

Discontinued operations:
    Loss from discontinued operations                        (14)
    Gain on disposal of discontinued operations            5,481
Income tax expense                                             -
                                                      ----------
Net earnings from discontinued operations                  5,467
                                                      ----------
Net earnings                                             $23,588
                                                      ==========

                    Winn-Dixie Stores, Inc., et al.
            Unaudited Consolidated Statement of Cash Flows
                    Four Weeks Ended June 28, 2006
                           (In Thousands)

Cash flows from operating activities
    Net earnings                                         $23,588
    Adjustment to reconcile net loss to
    net cash provided by operating activities:
       Gain on sales of assets, net                      (41,837)
       Reorganization items, net                           4,702
       Depreciation and amortization                       8,598
       Stock compensation plans                              544
       Change in operating assets and liabilities:
          Trade and other receivables                     (4,499)
          Merchandise inventories                        (25,565)
          Prepaid expenses and other current assets        4,696
          Accounts payable                                28,555
          Reserve for self-insurance liabilities            (391)
          Lease liability on closed facilities            (8,238)
          Income taxes receivable                            134
          Defined benefit plan                              (126)
          Other accrued expenses                          (5,750)
                                                      ----------
   Net cash used in operating activities
      before reorganization items                        (15,589)
   Cash effect of reorganization items                      (733)
                                                      ----------
Net cash provided by operating activities                (16,322)
                                                      ----------
Cash flows from investing activities:
    Purchases of property, plant and equipment            (4,900)
    Increase in investments and other assets                 392
    Proceeds from sales of assets                         55,328
    Purchases of marketable securities                      (346)
    Sales of marketable securities                           579
    Other                                                   (302)
                                                      ----------
Net cash used in investing activities                     50,751
                                                      ----------
Cash flows from financing activities
    Gross borrowings on DIP Credit Facility                  458
    Gross payments on DIP Credit Facility                   (458)
    Principal payments on capital lease obligations         (119)
    Principal payments on long-term debt                     (18)
    Other                                                   (137)
                                                      ----------
Net cash used in financing activities                       (274)
                                                      ----------
Increase in cash and cash equivalents                     34,155
Cash and cash equivalents classified
    as Assets held for sale                               (8,084)
Cash and cash equivalents at beginning of period         161,443
                                                      ----------
Cash and cash equivalents at end of period              $187,514
                                                      ==========

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc.
-- http://www.winn-dixie.com/-- is one of the nation's largest
food retailers.  The Company operates stores across the
Southeastern United States and in the Bahamas and employs
approximately 90,000 people.  The Company, along with 23 of its
U.S. subsidiaries, filed for chapter 11 protection on Feb. 21,
2005 (Bankr. S.D.N.Y. Case No. 05-11063, transferred Apr. 14,
2005, to Bankr. M.D. Fla. Case Nos. 05-03817 through 05-03840).
D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and
Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King &
Spalding LLP, represent the Debtors in their restructuring
efforts.  Paul P. Huffard at The Blackstone Group, LP, gives
financial advisory services to the Debtors.  Dennis F. Dunne,
Esq., at Milbank, Tweed, Hadley & McCloy, LLP, and John B.
Macdonald, Esq., at Akerman Senterfitt give legal advice to the
Official Committee of Unsecured Creditors.  Houlihan Lokey &
Zukin Capital gives financial advisory services to the
Committee.  When the Debtors filed for protection from their
creditors, they listed $2,235,557,000 in total assets and
$1,870,785,000 in total debts.  (Winn-Dixie Bankruptcy News,
Issue No. 45; 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
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Nothing in the TCR constitutes an offer or solicitation to buy or
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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
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                             *********

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

Troubled Company Reporter is a daily newsletter co-published by
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,
USA, and Beard Group, Inc., Frederick, Maryland, USA.  Marie
Therese V. Profetana, Shimero Jainga, Joel Anthony G. Lopez,
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Cherry A. Soriano-Baaclo, Christian Q. Salta, Jason A. Nieva,
Lucilo M. Pinili, Jr., Tara Marie A. Martin and Peter A. Chapman,
Editors.

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

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                    *** End of Transmission ***