TCR_Public/060826.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, August 26, 2006, Vol. 10, No. 203

                             Headlines

COLLINS & AIKMAN: Posts $44 Mil. Net Loss in Period Ended July 29
INTERSTATE BAKERIES: Files Operating Report in Period Ended July 1
MUSICLAND HOLDING: Posts $134,000 Net Loss in July 2006
O'SULLIVAN INDUSTRIES: Files March 2006 Monthly Operating Report
O'SULLIVAN INDUSTRIES: Files April 2006 Monthly Operating Report

O'SULLIVAN INDUSTRIES: Files May 2006 Monthly Operating Report
O'SULLIVAN INDUSTRIES: Files June 2006 Monthly Operating Report
O'SULLIVAN INDUSTRIES: Files July 2006 Monthly Operating Report
O'SULLIVAN INDUSTRIES: Furniture Files March 2006 Operating Report
O'SULLIVAN INDUSTRIES: Furniture Files April 2006 Operating Report

O'SULLIVAN INDUSTRIES: Furniture Files May 2006 Operating Report
O'SULLIVAN INDUSTRIES: Furniture Files June 2006 Operating Report
O'SULLIVAN INDUSTRIES: Furniture Files July 2006 Operating Report
O'SULLIVAN INDUSTRIES: Holdings Files March 2006 Operating Report
O'SULLIVAN INDUSTRIES: Holdings Files April 2006 Operating Report

O'SULLIVAN INDUSTRIES: Holdings Files May 2006 Operating Report
O'SULLIVAN INDUSTRIES: Holdings Files June 2006 Operating Report
O'SULLIVAN INDUSTRIES: Holdings Files July 2006 Operating Report
O'SULLIVAN INDUSTRIES: Virginia Files March 2006 Operating Report
O'SULLIVAN INDUSTRIES: Virginia Files April 2006 Operating Report

O'SULLIVAN INDUSTRIES: Virginia Files May 2006 Operating Report
O'SULLIVAN INDUSTRIES: Virginia Files June 2006 Operating Report
O'SULLIVAN INDUSTRIES: Virginia Files July 2006 Operating Report
REFCO INC: Files July 2006 Monthly Operating Report
VESTA INSURANCE: Files Schedules of Assets and Liabilities

VESTA INSURANCE: Gordon Gaines' Files Schedules of Assets & Debts
WINN-DIXIE: Posts $14.4 Million Net Loss in Period Ended July 26

                             *********

COLLINS & AIKMAN: Posts $44 Mil. Net Loss in Period Ended July 29
-----------------------------------------------------------------

                    Collins & Aikman Corporation
                           Balance Sheet
                        As of July 29, 2006

                               ASSETS

Cash                                                 $59,453,535
Accounts receivable-trade, net                       152,191,700
Other non-trade receivables                            5,860,337
Inventories, net                                      97,702,438
Tooling and molding, net-current                      47,650,158
Prepaids & other current assets                       58,847,143
Deferred tax assets-current                              (87,825)
                                                 ---------------
TOTAL CURRENT ASSETS                                 421,617,485

Investments in subsidiaries                        2,534,708,519
Fixed assets, net                                    301,539,896
Goodwill, net                                        978,554,071
Deferred tax assets-long term                         25,938,826
Tooling and molding, net-long term                     8,274,568
Other noncurrent assets                               88,234,181
Intercompany accounts - net                          128,908,298
Prepetition intercompany - net                       703,340,141
                                                 ---------------
TOTAL ASSETS                                      $5,191,115,958
                                                 ===============

                         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                                      39,025,326
Accrued interest payable                               9,021,840
Accrued & other liabilities                          102,880,100
Income taxes payable                                  (1,744,698)
                                                 ---------------
TOTAL CURRENT LIABILITIES                            394,632,597

Liabilities subject to compromise                  2,387,061,124
                                                 ---------------
Total liabilities                                  2,781,693,721

Total equity                                       2,409,422,263
                                                 ---------------
TOTAL LIABILITIES & EQUITY                        $5,191,115,985
                                                 ===============



                    Collins & Aikman Corporation
                          Income Statement
                     Month Ending July 29, 2006

Net outside sales                                    $73,171,614
I/C Net sales                                          4,836,656
                                                 ---------------
Total sales                                           78,008,270

Cost of goods sold                                    98,280,152
                                                 ---------------
Gross profit                                         (20,271,882)

Selling, general & administrative expenses            18,917,861
                                                 ---------------
Operating income                                     (39,189,743)

Interest expenses                                      8,195,745
Intercompany interest, net                            (2,507,541)
Preferred stock accretion                                      0
Miscellaneous (income)/expense                                 0
Corporate allocation adjustment                                0
Commission income                                        (99,794)
Commission expense                                             0
Royalty income                                          (288,536)
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                      (571,546)
Amort of discount on NPV of liabilities                        0
(Gain)/Loss on sale-leaseback transaction                      0
                                                 ---------------
Income from continuing operations before taxes       (43,918,071)

Federal income tax                                             0
State income tax                                               0
Foreign income tax                                        13,306
                                                 ---------------
Income from continuing operations                    (43,931,377)

Discontinued operations                                  110,035
Gain/Loss on sale of divisions                                 0
Extraordinary items                                            0
Integration                                                    0
                                                 ---------------
NET INCOME (LOSS)                                   ($44,041,412)
                                                 ===============

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. 38; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


INTERSTATE BAKERIES: Files Operating Report in Period Ended July 1
------------------------------------------------------------------

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

REVENUE

Gross Income                                       $239,037,044
Less Cost of Goods Sold
   Ingredients, Packaging & Outside Purchasing       59,759,122
   Direct & Indirect Labor                           44,244,695
   Overhead & Production Administration              11,603,830
                                                   ------------
      Total Cost of Goods Sold                      115,607,647
                                                   ------------
         Gross Profit                              $123,429,397
                                                   ------------
OPERATING EXPENSES

Owner-Draws/Salaries                                          -
Selling & Delivery Employee Salaries                $55,443,329
Advertising and Marketing                             3,372,082
Insurance (Property, Casualty, & Medical)            11,836,780
Payroll Taxes                                         4,660,061
Lease and Rent                                        3,657,312
Telephone and Utilities                               1,140,117
Corporate Expense (Including Salaries)                6,192,800
Other Expenses                                       29,163,184
                                                   ------------
   Total Operating Expenses                        $115,465,665
                                                   ------------
EBITDA                                                7,963,732

Restructuring & Reorganization Charges                2,736,532
Depreciation and Amortization                         5,437,455
Abandonment                                              11,821
Other( Income)/Expense                                   (1,554)
Gain/Loss Sale of Property                                    -
Interest Expense                                      4,237,839
                                                   ------------
   Operating Income (Loss)                           (4,458,361)

Income Tax Expense (Benefit)                           (318,084)
                                                   ------------
NET Income (Loss)                                   ($4,140,277)
                                                   ============

CURRENT ASSETS
   Accounts Receivable at end of period            $151,018,768
   Increase (Dec.) in Accounts Receivabl                 41,913
   Inventory at end of period                        65,651,537
   Increase (Decrease) in Inventory for period          257,895
   Cash at end of period                             74,473,414
   Increase (Decrease) in Cash for period            (3,703,839)
   Restricted Cash                                   86,453,932
   Increase (Dec.) in Restricted Cash for period        100,473

LIABILITIES
   Increase (Decrease) in Liabilities
      Not Subject to Compromise                      (8,409,700)
   Increase (Decrease) in Liabilities
      Subject to Compromise                              43,080
   Taxes payable:
      Federal Payroll Taxes                          10,020,753
      State/Local Payroll Taxes                       3,442,649
      State Sales Taxes                                 862,702
      Real Estate and Personal Property Taxes        11,760,921
      Other                                           4,696,563
                                                   ------------
      Total Taxes Payable                           $30,783,588
                                                   ============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R).  The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.  The Company and seven of
its debtor-affiliates filed for chapter 11 protection on Sept. 22,
2004 (Bankr. W.D. Mo. Case No. 04-45814).  J. Eric Ivester, Esq.,
and Samuel S. Ory, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  When
the Debtors filed for protection from their creditors, they listed
$1,626,425,000 in total assets and $1,321,713,000 (excluding the
$100,000,000 issue of 6.0% senior subordinated convertible notes
due August 15, 2014 on August 12, 2004) in total debts.  
(Interstate Bakeries Bankruptcy News, Issue No. 46; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


MUSICLAND HOLDING: Posts $134,000 Net Loss in July 2006
-------------------------------------------------------

                      Musicland Holding Corp.
                    Consolidated Balance Sheet
                       As of July 31, 2006

ASSETS
Current Assets
   Cash                                             $50,260,000
   Other                                             18,056,000
                                                   ------------
      Total                                          68,317,000
                                                   ------------
Other assets                                            700,000
                                                   ------------
      TOTAL ASSETS                                  $69,017,000
                                                   ============

Liabilities & Shareholders' deficit
Current liabilities
   Accounts payable                                  $1,014,000
   Other accrued liabilities                          7,672,000
                                                   ------------
      Total                                           8,686,000
                                                   ------------
Liabilities subject to compromise                   355,513,000
Shareholders' deficit                              (295,182,000)
                                                   ------------
      TOTAL LIABILITIES &
      SHAREHOLDERS' DEFICIT                         $69,017,000
                                                   ============


                      Musicland Holding Corp.
               Consolidated Statement of Operations
                 For the Month Ended July 31, 2006

Merchandise revenue                                           -
Non-merchandise revenue                                       -
                                                   ------------
   Net sales                                                  -

Cost of goods sold                                            -
                                                   ------------
   Gross Profit                                               -
                                                   ------------

Store operating expenses
   Payroll                                             $216,000
   Occupancy                                             21,000
   Other                                                306,000
                                                   ------------
      Store expenses                                    543,000
                                                   ------------
General & administrative                                544,000
                                                   ------------
EBITDA (Loss)                                          (544,000)
                                                   ------------
Chapter 11 & related charges                           (512,000)
                                                   ------------
   Operating income (Loss)                           (1,056,000)
                                                   ------------
Interest income (expense)                               170,000
Other non-operating income (expense)                    752,000
                                                   ------------
   Earnings before Taxes                               (134,000)
                                                   ------------
Income tax                                                    -
                                                   ------------
   Net earnings (Loss)                                ($134,000)
                                                   ============


                      Musicland Holding Corp.
                Consolidated Statement of Cash Flow
                 For the Month Ended July 31, 2006

Operating activities
   Net earnings (Loss)                                ($134,000)
   Adjustments to reconcile net earnings (loss)
      to net cash provided by (used in)
      operating activities:
         Loss on utility deposits write off              33,000
         Loss on Logistic's settlement                   50,000
   Changes in operating assets and liabilities:
      Other current assets                           (1,136,000)
      Accounts payable                                 (613,000)
      Other operating liabilities                      (741,000)
      Liabilities subject to compromise                       -
                                                   ------------
   Net cash provided by (used in)
      operating activities                           (2,541,000)
                                                   ------------
Investing activities
   Change in other long term asset/liabilities                -
                                                   ------------
   Net cash provided by (used in)
      investing activities                                    -
                                                   ------------
Financing activities
   Revolver borrowings                                        -
                                                   ------------
Increase/decrease in cash                            (2,541,000)
                                                   ------------
   Cash at beginning of Period                       52,801,000
                                                   ------------
   Cash at end of Period                            $50,260,000
                                                   ============


Headquartered in New York, New York, Musicland Holding Corp., is a
specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.

When the Debtors filed for protection from their creditors, they
estimated more than $100 million in assets and debts.  (Musicland
Bankruptcy News, Issue No. 16; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Files March 2006 Monthly Operating Report
----------------------------------------------------------------

                    O'Sullivan Industries, Inc.
                  Cash Receipts and Disbursements
                    Month Ended March 31, 2006

Funds at the beginning of period                       $497,188

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

   Collection of postpetition accounts receivable             -
   Collection of prepetition accounts receivable     19,527,611
   Other receipts                                    31,172,469
                                                    -----------
      Total receipts                                 50,700,080
                                                    -----------
Total Cash Available for Operations                 $51,197,268
                                                    ===========

Disbursements:
   U.S. Trustee quarterly fee                                 -
   Net payroll                                       $3,622,175
   Payroll taxes paid                                       482
   Professional fees                                  1,420,615
   Other taxes                                          159,028
   Rent & equipment rent                                121,536
   Other leases                                         125,208
   Telephone                                             29,148
   Utilities                                            292,104
   Travel & Entertainment                               150,499
   Vehicle expenses                                       9,519
   Office Expenses                                       14,744
   Advertising                                            6,045
   Insurance                                          1,011,884
   Freight                                            1,794,076
   Job-Cost raw materials                             9,449,498
   Foreign bank fees                                      1,291
   Repairs & maintenance                                864,611
   Payments to secured creditors                              -
   Employee benefits                                    233,549
   Other expenses                                     1,844,405
   Transfers                                         29,622,895
                                                    -----------
      Total Disbursements                            50,773,311
                                                    -----------
Ending Cash Balance                                    $423,957
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Files April 2006 Monthly Operating Report
----------------------------------------------------------------

                    O'Sullivan Industries, Inc.
                  Cash Receipts and Disbursements
                    Month Ended April 30, 2006

Funds at the beginning of period                       $423,957
Receipts                                             76,172,127
                                                    -----------
Total Cash Available for Operations                 $76,596,084
                                                    ===========

Disbursements:
   Operating expenses - fees & taxes:
      U.S. Trustee quarterly fee                        $10,250
      Federal Taxes                                           -
      State Taxes                                             -
      Other Taxes                                             -
   Other operating expenses                          47,392,574
   Plan payments:
      Administrative Claims                           2,814,049
      DIP Facility Claims                            25,978,697
      Class  1 Priority Claims                            5,248
      Class 2A Senior Credit Facility Claims                  -
      Class 2B Other Secured Claims                           -
      Class 2C Senior Secured Notes Claims                    -
      Class 3A General Unsecured Claims                 398,843
      Class 3B Senior Subordinated Noted Claims               -
      Class  4 Other Claims against Holdings                  -
                                                    -----------
      Total Disbursements                            76,599,660
                                                    -----------
Ending Cash Balance                                     ($3,577)
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Files May 2006 Monthly Operating Report
--------------------------------------------------------------

                    O'Sullivan Industries, Inc.
                  Cash Receipts and Disbursements
                     Month Ended May 31, 2006

Funds at the beginning of period                        ($3,577)
Receipts                                             49,653,147
                                                    -----------
Total Cash Available for Operations                 $49,649,570
                                                    ===========

Disbursements:
   Operating expenses - fees & taxes:
      U.S. Trustee quarterly fee                           $250
      Federal Taxes                                           -
      State Taxes                                             -
      Other Taxes                                             -
   Other operating expenses                          48,750,782
   Plan payments:
      Administrative Claims                             448,474
      DIP Facility Claims                                     -
      Class  1 Priority Claims                          148,149
      Class 2A Senior Credit Facility Claims                  -
      Class 2B Other Secured Claims                           -
      Class 2C Senior Secured Notes Claims                    -
      Class 3A General Unsecured Claims                 310,070
      Class 3B Senior Subordinated Noted Claims               -
      Class  4 Other Claims against Holdings                  -
                                                    -----------
      Total Disbursements                            49,657,725
                                                    -----------
Ending Cash Balance                                     ($8,155)
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Files June 2006 Monthly Operating Report
---------------------------------------------------------------

                    O'Sullivan Industries, Inc.
                  Cash Receipts and Disbursements
                     Month Ended June 30, 2006

Funds at the beginning of period                        ($8,155)
Receipts                                             42,473,199
                                                    -----------
Total Cash Available for Operations                 $42,465,044
                                                    ===========

Disbursements:
   Operating expenses - fees & taxes:
      U.S. Trustee quarterly fee                              -
      Federal Taxes                                           -
      State Taxes                                             -
      Other Taxes                                             -
   Other operating expenses                         $41,775,541
   Plan payments:
      Administrative Claims                             571,933
      DIP Facility Claims                               (15,228)
      Class  1 Priority Claims                                -
      Class 2A Senior Credit Facility Claims                  -
      Class 2B Other Secured Claims                           -
      Class 2C Senior Secured Notes Claims                    -
      Class 3A General Unsecured Claims                 102,982
      Class 3B Senior Subordinated Noted Claims               -
      Class  4 Other Claims against Holdings                  -
                                                    -----------
      Total Disbursements                            42,435,228
                                                    -----------
Ending Cash Balance                                     $29,815
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Files July 2006 Monthly Operating Report
---------------------------------------------------------------

                    O'Sullivan Industries, Inc.
                  Cash Receipts and Disbursements
                     Month Ended July 31, 2006

Funds at the beginning of period                        $29,815
Receipts                                             43,811,182
                                                    -----------
Total Cash Available for Operations                 $43,840,997
                                                    ===========

Disbursements:
   Operating expenses - fees & taxes:
      U.S. Trustee quarterly fee                              -
      Federal Taxes                                           -
      State Taxes                                             -
      Other Taxes                                             -
   Other operating expenses                         $42,997,755
   Plan payments:
      Administrative Claims                             722,884
      DIP Facility Claims                                     -
      Class  1 Priority Claims                            5,100
      Class 2A Senior Credit Facility Claims                  -
      Class 2B Other Secured Claims                           -
      Class 2C Senior Secured Notes Claims                    -
      Class 3A General Unsecured Claims                       -
      Class 3B Senior Subordinated Noted Claims               -
      Class  4 Other Claims against Holdings                  -
                                                    -----------
      Total Disbursements                            43,725,739
                                                    -----------
Ending Cash Balance                                    $115,259
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Furniture Files March 2006 Operating Report
------------------------------------------------------------------
O'Sullivan Furniture Factory Outlet, Inc., reports $0 cash
receipts and disbursements for the period March 1 to 31, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Furniture Files April 2006 Operating Report
------------------------------------------------------------------
O'Sullivan Furniture Factory Outlet, Inc., reports $0 cash
receipts and disbursements for the period April 1 to 30, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Furniture Files May 2006 Operating Report
----------------------------------------------------------------
O'Sullivan Furniture Factory Outlet, Inc., reports $0 cash
receipts and disbursements for the period May 1 to 31, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Furniture Files June 2006 Operating Report
-----------------------------------------------------------------
O'Sullivan Furniture Factory Outlet, Inc., reports $0 cash
receipts and disbursements for the period June 1 to 30, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Furniture Files July 2006 Operating Report
-----------------------------------------------------------------
O'Sullivan Furniture Factory Outlet, Inc., reports $0 cash
receipts and disbursements for the period July 1 to 31, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Holdings Files March 2006 Operating Report
-----------------------------------------------------------------
O'Sullivan Industries Holdings, Inc., reports $0 cash receipts
and disbursements for the period March 1 to 31, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Holdings Files April 2006 Operating Report
-----------------------------------------------------------------
O'Sullivan Industries Holdings, Inc., reports $0 cash receipts
and disbursements for the period April 1 to 30, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Holdings Files May 2006 Operating Report
---------------------------------------------------------------
O'Sullivan Industries Holdings, Inc., reports $0 cash receipts
and disbursements for the period May 1 to 31, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Holdings Files June 2006 Operating Report
----------------------------------------------------------------
O'Sullivan Industries Holdings, Inc., reports $0 cash receipts  
and disbursements for the period June 1 to 30, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Holdings Files July 2006 Operating Report
-----------------------------------------------------------------
O'Sullivan Industries Holdings, Inc., reports $0 cash receipts  
and disbursements for the period July 1 to 31, 2006.

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Virginia Files March 2006 Operating Report
-----------------------------------------------------------------

               O'Sullivan Industries Virginia, Inc.
                 Cash Receipts and Disbursements
                    Month Ended March 31, 2006

Funds at the beginning of period                        $16,625

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

   Collection of postpetition accounts receivable             -
   Collection of prepetition accounts receivable              -
   Other receipts                                         3,616
                                                    -----------
      Total receipts                                      3,616
                                                    -----------
Total Cash Available for Operations                     $20,241
                                                    ===========

Disbursements:
   Net payroll                                           $1,326
   Freight                                                   93
   Repairs & maintenance                                  1,055
   Other expenses                                         1,111
                                                    -----------
      Total Disbursements                                 3,584
                                                    -----------
Ending Cash Balance                                     $16,657
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Virginia Files April 2006 Operating Report
-----------------------------------------------------------------

               O'Sullivan Industries Virginia, Inc.
                 Cash Receipts and Disbursements
                    Month Ended April 30, 2006

Funds at the beginning of period                        $16,657
Receipts                                                  1,262
                                                    -----------
Total Cash Available for Operations                     $17,919
                                                    ===========

Disbursements:
   Other operating expenses                              $1,232
                                                    -----------
      Total Disbursements                                 1,232
                                                    -----------
Ending Cash Balance                                     $16,687
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Virginia Files May 2006 Operating Report
---------------------------------------------------------------

               O'Sullivan Industries Virginia, Inc.
                 Cash Receipts and Disbursements
                    Month Ended May 31, 2006

Funds at the beginning of period                        $16,687
Receipts                                                  4,790
                                                    -----------
Total Cash Available for Operations                     $21,477
                                                    ===========

Disbursements:
   Other operating expenses                              $4,942
                                                    -----------
      Total Disbursements                                 4,942
                                                    -----------
Ending Cash Balance                                     $16,534
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Virginia Files June 2006 Operating Report
----------------------------------------------------------------

              O'Sullivan Industries Virginia, Inc.
                 Cash Receipts and Disbursements
                    Month Ended June 30, 2006

Funds at the beginning of period                        $16,534
Receipts                                                    634
                                                    -----------
Total Cash Available for Operations                     $17,168
                                                    ===========

Disbursements:
   Other operating expenses                                $603
                                                    -----------
      Total Disbursements                                   603
                                                    -----------
Ending Cash Balance                                     $16,565
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


O'SULLIVAN INDUSTRIES: Virginia Files July 2006 Operating Report
----------------------------------------------------------------

               O'Sullivan Industries Virginia, Inc.
                 Cash Receipts and Disbursements
                    Month Ended July 31, 2006

Funds at the beginning of period                        $16,565
Receipts                                                    828
                                                    -----------
Total Cash Available for Operations                     $17,393
                                                    ===========

Disbursements:
   Other operating expenses                                $797
                                                    -----------
      Total Disbursements                                   797
                                                    -----------
Ending Cash Balance                                     $16,596
                                                    ===========

Headquartered in Roswell, Georgia, O'Sullivan Industries Holdings,
Inc. -- http://www.osullivan.com/-- designs, manufactures, and   
distributes ready-to-assemble furniture and related products,
including desks, computer work centers, bookcases, filing
cabinets, home entertainment centers, commercial furniture, garage
storage units, television, audio, and night stands, dressers, and
bedroom pieces.  O'Sullivan sells its products primarily to large
retailers including OfficeMax, Lowe's, Wal-Mart, Staples, and
Office Depot.  The Company and its subsidiaries filed for chapter
11 protection on Oct. 14, 2005 (Bankr. N.D. Ga. Case No. 05-
83049).  Joel H. Levitin, Esq., at Dechert LLP, represents the
Debtors.

Michael H. Goldstein, Esq., Eric D. Winston, Esq., and Christine
M. Pajak, Esq., at Stutman, Treister & Glatt, P.C., represent the
Official Committee of Unsecured Creditors.  On Sept. 30, 2005, the
Debtor listed $161,335,000 in assets and $254,178,000 in debts.  
(O'Sullivan Bankruptcy News, Issue No. 22; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


REFCO INC: Files July 2006 Monthly Operating Report
---------------------------------------------------
Refco, Inc., and its debtor-affiliates delivered to the
Bankruptcy Court a statement of their cash receipts and
disbursements for the period from July 1 to 31, 2006.

Peter F. James, controller of Refco, reports that the company
held a $1,372,136,000 cash balance at the start of the reporting
period.  Refco then received $160,610,000 and disbursed
$18,753,000 in cash.  Refco's ending cash balance totals
$1,513,994,000.
  
As paying agent for certain non-debtors and Refco, LLC, the  
Debtors disbursed approximately $5,800,000.  Refco Capital, LLC,
also disbursed around $3,300,000 representing return of proceeds
to Refco Global Finance, Ltd., Refco Global Holdings, LLC, and
Refco Canada Finance, Inc.

Refco also paid $1,998,000 in gross wages, of which $1,695,022
was paid on behalf of and reimbursed by the Non-Debtors and Refco  
LLC.  
      
Mr. James discloses that Refco withheld $670,000 in employee  
payroll taxes, of which $74,000 was remitted to a third party  
vendor.   
   
Mr. James states that all taxes due and owing, as well as tax  
returns, have been paid and filed for the current period.
  
Refco paid $3,878,000 for professional fees for July, and  
$21,951,000 since the Petition Date.  The Debtors did not pay
professional fees on Refco LLC's behalf.  

Mr. James says all insurance policies are fully paid for the  
current period, including amounts owed for workers' compensation  
and disability insurance.

Refco has prepared the Monthly Statement in lieu of comprehensive
financial statements.

A full-text copy of Refco's July 2006 Monthly Statement is
available at no charge at http://ResearchArchives.com/t/s?1062

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
$16.5 billion in assets and $16.8 billion in debts to the
Bankruptcy Court on the first day of its chapter 11 cases.

Refco LLC, an affiliate, filed for chapter 7 protection on
Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134).  Refco, LLC, is
a regulated commodity futures company that has businesses in the
United States, London, Asia and Canada.  Refco, LLC, filed for
bankruptcy protection in order to consummate the sale of
substantially all of its assets to Man Financial Inc., a wholly
owned subsidiary of Man Group plc.  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. 39; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


VESTA INSURANCE: Files Schedules of Assets and Liabilities
----------------------------------------------------------

    A.   Real Property                                         $0

    B.   Personal Property
    B.1  Cash on hand                                          $0
    B.2  Bank accounts
            First Commercial -- Cayman Sweep            7,774,000
            Others                                          2,995
    B.9  Interests in insurance policies                  Unknown
    B.13 Stock and interests                              Unknown
    B.18 Other liquidated debts
            Vesta Capital Trust I                       4,214,509
            Potential state tax overpayments              184,305
            Affirmative insurance holdings                410,115
            J. Gordon Gaines, Inc.                        859,013
            Don Thornton -- Officer Loan                  491,667
            Norman Gayle -- Officer Loan                  983,333
    B.21 Other contingent claims                          Unknown
    B.22 Patents, copyrights & other IP                   Unknown

         TOTAL SCHEDULED ASSETS                       $14,919,938
                                                     ============

    C.   Property Claimed as Exempt                Not applicable

    D.   Secured Claims                                        $0

    E.   Unsecured Priority Claims                              0

    F.   Unsecured Non-priority Claims
            1995-8-3/4% Senior Debt Holders            43,650,000
            1997-8.525% Debenture Holders              15,252,000
            Costa Brava Partnership III                 4,000,000
            Haskell, Wyatt R.                           7,000,000
            J. Gordon Gaines, Inc.                     94,926,029
            Pate, Luther S.                             1,250,000
            Vesta Fire Insurance Corp.
               12.5% Senior Notes due 2005             33,882,000
               8-3/4% Senior Debentures                13,180,000
            Others                                      1,138,818

         TOTAL SCHEDULED LIABILITIES                 $214,278,847
                                                    =============

                       About Vesta Insurance

Headquartered in Birmingham, Alabama, Vesta Insurance Group, Inc.
(Other OTC: VTAI.PK) -- http://www.vesta.com/-- is a holding
company for a group of insurance companies that primarily offer
property insurance in targeted states.

Wyatt R. Haskell, Luther S. Pate, UV, and Costa Brava Partnership
III, L.P., filed an involuntary chapter 7 petition against the
Company on July 18, 2006 (Bankr. N.D. Ala. Case No. 06-02517).  
The case was converted to a voluntary chapter 11 case on Aug. 8,
2006 (Bankr. N.D. Ala. Case No. 06-02517).  Eric W. Anderson,
Esq., at Parker Hudson Rainer & Dobbs, LLP, represents the Debtor.  
R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, represents the petitioning creditors.  At Dec. 31, 2004,
Vesta Insurance's balance sheet showed $1,764,247,000 in total
assets and $1,810,022,000 in total liabilities resulting in a
$45,775,000 stockholders' deficit.

On Aug. 1, 2006, the District Court of Travis County, Texas
entered the Order appointing the Texas Commissioner of Insurance
as Liquidator of Vesta Insurance's Texas-domiciled subsidiaries:
Vesta Fire Insurance Corporation; The Shelby Insurance Company;
Shelby Casualty Insurance Corporation; Texas Select Lloyds
Insurance Company; and Select Insurance Services, Inc.

J. Gordon Gaines, Inc., a wholly-owned subsidiary of Vesta
Insurance, filed for chapter 11 protection on Aug. 7, 2006 (Bankr.
N.D. Ala. Case No. 06-02808).  When J. Gordon filed for protection
from its creditors, it estimated assets between $1 million and
$10 million and debts between $10 million and $50 million.  (Vesta
Bankruptcy News, Issue No. 3; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


VESTA INSURANCE: Gordon Gaines' Files Schedules of Assets & Debts
-----------------------------------------------------------------

    A.   Real Property
            Timber lodge in Alabama                    $1,561,868
            Improvements                                3,471,637

    B.   Personal Property
    B.1  Cash on hand                                          75
    B.2  Bank accounts                                  1,070,586
    B.3  Security deposits                                320,014
    B.9  Interests in insurance policies                  Unknown
    B.13 Stock and interests                              Unknown
    B.18 Other liquidated debts
            Hawaiian Insurance Group                    3,980,270
            Shelby Casualty                             2,037,774
            Sheffield                                      17,751
            Shelby Insurance Company                      691,303
            Florida Select Ins Agency                   1,013,781
            Vesta Insurance Corporation                   212,428
            Florida Select Ins Company                    147,145
            Potential refunds of state tax                114,063
    B.21 Other contingent claims                          Unknown
    B.22 Patents, copyrights & other IP
            Common law trademark - Gaines                 Unknown
            Software                                    2,480,373
    B.23 Licenses, franchises & intangibles
            Specialty Insurance Software License          Unknown
    B.25 Automobiles & other vehicles                     824,723
    B.26 Boats, motors & accessories                        1,034
    B.28 Office equipment & supplies                    1,873,262

         TOTAL SCHEDULED ASSETS                       $19,818,094
                                                     ============

    C.   Property Claimed as Exempt                Not applicable

    D.   Secured Claims                                        $0

    E.   Unsecured Priority Claims                              0

    F.   Unsecured Non-priority Claims
            Vesta Fire Insurance Corp.                 14,618,673
            Others                                      1,427,564

         TOTAL SCHEDULED LIABILITIES                  $16,046,237
                                                     ============

Gaines recorded a $94,926,029 debt owed by Vesta Insurance Group,
but didn't include the amount in the total for its scheduled
assets because the value of the obligation is substantially in
doubt.

                       About Vesta Insurance

Headquartered in Birmingham, Alabama, Vesta Insurance Group, Inc.
(Other OTC: VTAI.PK) -- http://www.vesta.com/-- is a holding
company for a group of insurance companies that primarily offer
property insurance in targeted states.

Wyatt R. Haskell, Luther S. Pate, UV, and Costa Brava Partnership
III, L.P., filed an involuntary chapter 7 petition against the
Company on July 18, 2006 (Bankr. N.D. Ala. Case No. 06-02517).  
The case was converted to a voluntary chapter 11 case on Aug. 8,
2006 (Bankr. N.D. Ala. Case No. 06-02517).  Eric W. Anderson,
Esq., at Parker Hudson Rainer & Dobbs, LLP, represents the Debtor.  
R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, represents the petitioning creditors.  At Dec. 31, 2004,
Vesta Insurance's balance sheet showed $1,764,247,000 in total
assets and $1,810,022,000 in total liabilities resulting in a
$45,775,000 stockholders' deficit.

On Aug. 1, 2006, the District Court of Travis County, Texas
entered the Order appointing the Texas Commissioner of Insurance
as Liquidator of Vesta Insurance's Texas-domiciled subsidiaries:
Vesta Fire Insurance Corporation; The Shelby Insurance Company;
Shelby Casualty Insurance Corporation; Texas Select Lloyds
Insurance Company; and Select Insurance Services, Inc.

J. Gordon Gaines, Inc., a wholly-owned subsidiary of Vesta
Insurance, filed for chapter 11 protection on Aug. 7, 2006 (Bankr.
N.D. Ala. Case No. 06-02808).  When J. Gordon filed for protection
from its creditors, it estimated assets between $1 million and
$10 million and debts between $10 million and $50 million.  (Vesta
Bankruptcy News, Issue No. 3; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


WINN-DIXIE: Posts $14.4 Million Net Loss in Period Ended July 26
----------------------------------------------------------------

                   Winn-Dixie Stores, Inc., et al.
                Unaudited Consolidated Balance Sheet
                         At July 26, 2006
                          (In Thousands)

                              ASSETS
Current assets:
Cash and cash equivalents                               $194,364
Marketable securities                                     14,355
Trade and other receivables, net                         146,647
Insurance claims receivable                               36,805
Income tax receivable                                     30,382
Merchandise inventories, net                             471,193
Prepaid expenses and other current assets                 36,481
Assets held for sale                                      37,436
                                                      ----------
Total current assets                                     967,663
                                                      ----------
Property, plant and equipment, net                       493,455
Other assets, net                                         91,278
                                                      ----------
Total assets                                          $1,552,396
                                                      ==========

                LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities:
Current borrowings under DIP Credit Facility             $40,265
Current portion of long-term debt                            234
Current obligations under capital leases                   3,639
Accounts payable                                         211,308
Reserve for self-insurance liabilities                    75,790
Accrued wages and salaries                                83,250
Accrued rent                                              45,398
Accrued expenses                                          92,751
Liabilities related to assets held for sale                7,672
                                                      ----------
Total current liabilities                                560,307
                                                      ----------
Reserve for self-insurance liabilities                   151,326
Long-term debt                                               144
Obligations under capital leases                           5,120
Other liabilities                                         23,753
                                                      ----------
Total liabilities not subject to compromise              740,650
                                                      ----------
Liabilities subject to compromise                      1,110,768
                                                      ----------
Total liabilities                                      1,851,418

Shareholders' deficit:
Common stock                                             141,858
Additional paid-in-capital                                35,434
Accumulated deficit                                     (455,705)
Accumulated other comprehensive loss                     (20,609)
                                                      ----------
Total shareholders' deficit                             (299,022)
                                                      ----------
Total liabilities and shareholders' deficit           $1,552,396
                                                      ==========

                   Winn-Dixie Stores, Inc., et al.
          Unaudited Consolidated Statement of Operations
                   Four Weeks Ended July 26, 2006
                          (In Thousands)

Net sales                                               $551,288
Cost of sales                                            405,633
                                                      ----------
Gross profit on sales                                    145,655
Other operating and administrative expenses              157,369
Restructuring loss                                            51
                                                      ----------
Operating loss                                           (11,765)
Interest expense, net                                        727
                                                      ----------
Loss before reorganization items and income taxes        (12,492)
Reorganization items, net expense                          1,022
Income tax expense                                             0
                                                      ----------
Net loss from continuing operations                      (13,514)

Discontinued operations:
Loss from discontinued operations                           (250)
Loss on disposal of discontinued operations                 (667)
Income tax expense                                             0
                                                      ----------
Net loss from discontinued operations                       (917)
                                                      ----------
Net loss                                                $(14,431)
                                                      ==========

                   Winn-Dixie Stores, Inc., et al.
          Unaudited Consolidated Statement of Cash Flows
                   Four Weeks Ended July 26, 2006
                          (In Thousands)

Cash flows from operating activities:
Net loss                                                ($14,431)
Adjustments to reconcile net loss to
   net cash used in operating activities:
Gain on sales of assets, net                                (136)
Reorganization items, net                                  1,022
Depreciation and amortization                              7,509
Stock compensation plans                                     560
Change in operating assets and liabilities:
Trade and other receivables                               12,324
Merchandise inventories                                    9,271
Prepaid expenses and other current assets                   (920)
Accounts payable                                         (28,683)
Reserve for self-insurance liabilities                     1,077
Lease liability on closed facilities                      (2,686)
Income taxes receivable                                       81
Defined benefit plan                                         (84)
Other accrued expenses                                    10,841
                                                      ----------
Net cash used in operating activities
   before reorganization items                            (4,255)
Cash effect of reorganization items                       (1,057)
                                                      ----------
Net cash used in operating activities                     (5,312)

Cash flows from investing activities:
Purchases of property, plant and equipment                (2,933)
Decrease in investments and other assets                   6,207
Proceeds from sales of assets                              3,763
Purchases of marketable securities                          (538)
Sales of marketable securities                               519
Other                                                         (6)
                                                      ----------
Net cash provided by investing activities                  7,012

Cash flows from financing activities:
Gross borrowings on DIP Credit Facility                    1,618
Gross payments on DIP Credit Facility                     (1,353)
Principal payments on capital lease obligations             (129)
Principal payments on long-term debt                         (18)
Other                                                         60
                                                      ----------
Net cash provided by financing activities                    178

Increase in cash and cash equivalents                      1,878
Cash and cash equivalents classified as
   Assets held for sale                                    4,975
Cash and cash equivalents at
   beginning of period                                   187,511
                                                      ----------
Cash and cash equivalents at end of period              $194,364
                                                      ==========

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 527 stores in Florida,
Alabama, Louisiana, Georgia, and Mississippi.  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. 50; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 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
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On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
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Each Friday's edition of the TCR includes a review about a book of
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Monthly Operating Reports are summarized in every Saturday edition
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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.  Rizande B.
Delos Santos, Shimero Jainga, Joel Anthony G. Lopez, Tara Marie A.
Martin, Jason A. Nieva, Emi Rose S.R. Parcon, Lucilo M. Pinili,
Jr., Marie Therese V. Profetana, Robert Max Quiblat, Christian Q.
Salta, Cherry A. Soriano-Baaclo, and Peter A. Chapman, Editors.
Copyright 2006.  All rights reserved.  ISSN: 1520-9474.

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