TCR_Public/060909.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, September 9, 2006, Vol. 10, No. 215


ASARCO LLC: Earns $66.88 Million in July 2006
CATHOLIC CHURCH: Portland Files July 2006 Monthly Operating Report
CATHOLIC CHURCH: Spokane Files July 2006 Monthly Operating Report
DANA CORPORATION: Posts $43 Million Net Loss in July 2006
DELPHI CORP: Posts $534 Million Net Loss in July 2006

DELTA AIR: Earns $69 Million in July 2006
FEDERAL-MOGUL: Posts $35.3 Million Net Loss in July 2006
FLYI INC: Posts $600,292 Net Loss in July 2006
FLYI INC: Independence Posts $4.5 Million Net Loss in July 2006
KAISER ALUMINUM: Posts $29 Million Net Loss in June 2006

KUSHNER-LOCKE: Files June 2006 Monthly Operating Reports
NORTHWEST AIRLINES: Earns $101 Million in July 2006
PERFORMANCE TRANSPORTATION: Files July 2006 Operating Report
SAINT VINCENTS: Files July 2006 Monthly Operating Report
SOLUTIA INC: Posts $2 Million Net Loss in July 2006

TOWER AUTOMOTIVE: Posts $26.5 Million Net Loss in July 2006


ASARCO LLC: Earns $66.88 Million in July 2006

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

     Current Assets:
     Cash                                          $262,420,000
     Accounts receivable, net                       155,057,000
     Inventory                                      265,481,000
     Prepaid expenses                                25,532,000
     Deferred income tax assets                               -
Total Current Assets                                708,490,000

Net property, plant and equipment                   410,195,000
Other Assets
     Investments in subs                             56,978,000
     Prepaid pension & retirement plan               77,861,000
     Non-current deferred tax asset                  40,954,000
     Other                                           99,282,000
Total assets                                     $1,393,760,000

Postpetition liabilities:
     Accounts payable                               $59,600,000
     Accrued liabilities                             18,184,000
     Debtor-in-possession financing                           -
Total postpetition liabilities                       77,784,000

Prepetition liabilities:
     Not subject to compromise - credit                 885,000
     Not subject to compromise - other              125,703,000
     Subject to compromise                          849,939,000
Total prepetition liabilities                       976,527,000
Total liabilities                                $1,054,311,000

Common stock                                        508,325,000
Additional paid-in capital                          104,578,000
Other comprehensive income                         (138,035,000)
Retained earnings: filing date                     (536,691,000)
Total prepetition owners' equity                    (61,824,000)
Retained earnings: post-filing date                 401,272,000
Total owners' equity (net worth)                    339,449,000

Total liabilities and owners' equity             $1,393,760,000

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

Sales                                              $120,090,000
Cost of products and services                        52,797,000
Gross profit                                         67,293,000

Operating expenses:
Selling and general & admin expenses                  4,486,000
Depreciation & amortization                           1,830,000
Provision accretion expense of asset
retirement obligation                                  143,000
Operating income                                     60,833,000

Interest expense                                        326,000
Interest income                                      (1,061,000)
Reorganization expenses                               1,518,000
Other miscellaneous (income) expenses                (8,195,000)
Income (loss) before taxes                           68,245,000
Income taxes                                          1,365,000
Net income                                          $66,880,000

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

Receipts                                           $131,990,000
Inventory material                                   41,220,000
Operating disbursements                              35,051,000
Capital expenditures                                  2,329,000
Total disbursements                                  78,600,000

Operating cash flow                                  53,390,000
Reorganization disbursements                          1,695,000
Net cash flow                                        51,695,000
Net payments to secured Lenders                               0
Net change in cash                                   51,695,000
Beginning cash balance                              210,725,000
Ending cash balances                               $262,420,000

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

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

Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No.
05-21346) also filed for chapter 11 protection, and ASARCO has
asked that the three subsidiary cases be jointly administered
with its chapter 11 case.  On Oct. 24, 2005, Encycle/Texas' case
was converted to a Chapter 7 liquidation proceeding. The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7
Trustee. (ASARCO Bankruptcy News, Issue No. 28; Bankruptcy
Creditors' Service, Inc.,  
or 215/945-7000).

CATHOLIC CHURCH: Portland Files July 2006 Monthly Operating Report

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


Cash and cash equivalents                           $15,667,939
Accounts receivable, net                                706,033
Notes, estates and other receivables                 12,444,565
Loans receivable from Archdiocesan entities, net      6,902,559
Loans receivable from Archdiocesan housing entities     538,317
Interest receivable and other assets                    276,065
Inventories                                           1,670,041
Real Property                                           226,688
Deposits and prepaid expenses                           110,270
Investments                                          96,269,106
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   7,470,940
Total Assets                                       $143,922,523


      Accounts payable                                  822,302
      Accrued liabilities                             2,172,197
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              14,095,311
         Long-term pool investments payable          18,573,708
      Reserve for insurance claims                    2,343,946
      Notes payable                                  10,760,358
      Pre-need liability and reserve                    456,268
      Accrued post-retirement liability               7,607,264
   Total Prepetition Liabilities                     56,831,342
      Accounts payable                                  930,681
      Accrued liabilities                             4,403,308
      Funds held for others
         Second Collections                             202,107
         Short-term investments payable               3,327,662
         Long-term pool investments                   4,825,849
      Reserve for insurance claims                      (15,921)
      Notes payable                                           -
      Pre-need liability and reserve                     30,863
      Accrued post-retirement liability                 404,521
   Total Postpetition Liabilities                    14,109,070
     Total Liabilities                               70,940,412
Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,962,960
      Other Assets                                   (3,573,199)
   Total Prepetition Net Assets                      66,389,761
   Postpetition Net Assets:
      Charitable Trust Assets                         7,666,394
      Other Assets                                   (1,074,044)
   Total Postpetition Net Assets                      6,592,350
      Total Net Assets                               72,982,111
Total liabilities & net assets                     $143,922,523

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

Revenues, gains and other support
   Annual Catholic Appeal income                            ($2)
   Gross profit on cemetery sales                       112,966
   Contributions, gifts, annuities and bequests        (148,334)
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   101,520
   Change in unrealized gains (losses)                  (62,519)
   Insurance premiums, net                                   21
   Interest income from loans                            39,481
   Parish assessments                                   260,689
   Other income                                          41,603
   Departmental revenues                                 86,604
   Net assets released from restrictions                      -
   Total revenues, gains, and other support             432,029
Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    228,374
      Clergy Services                                    58,361
      Catholic Schools                                   29,351
      Pastoral Services                                  30,889
      Evangelization Services                            36,147
      Public Services                                     8,705
      Tribunal Services                                  17,150
      Deposit and loan interest                          89,401
      Insurance program                               1,663,449
      Cemetery operating expenses                        59,874
      High School grants/charitable annuities             6,114
      Other program expenses                             53,821
         Total program services                       2,281,636
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         61,455
      Finance & Administration:
         Resource Development                            94,451
         Business Affairs                                10,223
         Financial Services                              57,953
      Human Resources                                    28,453
      Shared Services                                    12,431
      Occupancy and physical plant expenses               9,399
      Designated funds expense                           20,146
      Bankruptcy expense                                 13,574
      Depreciation expense                                    -
         Total supporting services                      308,085
         Total expenses and program support           2,589,721
Increase (decrease) in net assets before
   transfers and designations of net assets          (2,157,692)

Fund transfers - in (out)                                     -
Designation of net assets                                     -
Increase (decrease) in net assets                    (2,157,692)

Net assets at beginning of year                      75,139,803
Net assets at end of year                           $72,982,111

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

Beginning Cash Balance:                             $24,312,656
   Transfers in                                         485,574
   Receipts Deposited                                 1,428,049
   Other (Return of Direct Deposits)                          -
   Other                                             (6,813,279)
   Other (Interest Income)                               42,846
   Total Cash Receipts                               (4,856,810)

   Transfers out                                       (485,574)
   Disbursements by check or debit                   (3,300,111)
   Cash withdrawn                                          (285)
   Other (Service Charges)                               (2,270)
   Other (Misc Check Correction)                            500
   Other (NSF Checks)                                      (166)
   Other (Clear Interfund Rec/Pay)                            -
   Total Cash Disbursements                          (3,787,907)
Ending Cash Balance                                 $15,667,939

The Archdiocese of Portland in Oregon filed for chapter 11
protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004.  
Thomas W. Stilley, Esq., and William N. Stiles, Esq., at Sussman
Shank LLP, represent the Portland Archdiocese in its restructuring
efforts.  Albert N. Kennedy, Esq., at Tonkon Torp, LLP, represents
the Official Tort Claimants Committee in Portland, and scores of
abuse victims are represented by other lawyers.  David A. Foraker
serves as the Future Claimants Representative appointed in the
Archdiocese of Portland's Chapter 11 case.  In its Schedules of
Assets and Liabilities filed with the Court on July 30, 2004, the
Portland Archdiocese reports $19,251,558 in assets and
$373,015,566 in liabilities.  (Catholic Church Bankruptcy News,
Issue No. 68; Bankruptcy Creditors' Service, Inc., 215/945-7000)

CATHOLIC CHURCH: Spokane Files July 2006 Monthly Operating Report

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

  Total Cash Accounts                                $2,825,952
  Total Investments                                   3,879,137
  Total Property                                        495,004
  Total Loans Receivable                              2,731,797
  Total Interfund Loan Receivable                       396,887
  Total Accounts Receivable                              88,321
  Total Land and Buildings & Equipment                2,474,977
  Total Prepaid Expenses                                 60,735
Total Assets                                        $12,952,810


  Total Deposits Payable                              9,197,564
  Total Interest Payable                                      -
  Total Accounts Payable                                 43,809

Total Long-term Liabilities                           9,335,400

Net Assets
  Total Unrestricted - Fund Balance                 (18,694,737)
  Total Unrestricted Net Assets                     (18,694,737)
  T.R. - Guse Grant Funds                               369,350
  T.R. - Bishop's School Grants Funds                    72,411
  Total Replacement Fund                             10,416,210
  Total Diocesan D&L Funding                          2,176,115
  Total Guatemala Funds                                 608,449
  Temporarily Restricted                                      -
Total liabilities & net assets                      $13,082,810

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

Total Income                                           $218,073
Total Expenses                                          269,628
Net Excess or Deficit                                   $51,555

The Diocese of Spokane's Statement of Cash Receipts and
Disbursements for July 2006 reports an opening balance of
$2,801,537 and ending balance of $2,788,508. Cash receipts for
the period total $328,874.

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

The Roman Catholic Church of the Diocese of Spokane filed for
chapter 11 protection (Bankr. E.D. Wash. Case No. 04-08822) on
Dec. 6, 2004.  Michael J. Paukert, Esq., at Paine, Hamblen,
Coffin, Brooke & Miller, LLP, represents the Spokane Diocese in
its restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $11,162,938 in total assets and
$81,364,055 in total debts. (Catholic Church Bankruptcy News,
Issue No. 68; Bankruptcy Creditors' Service, Inc., 215/945-7000)

DANA CORPORATION: Posts $43 Million Net Loss in July 2006

                         Dana Corporation
                Unaudited Condensed Balance Sheet
                        At July 31, 2006


   Cash and cash equivalent assets                 $711,000,000
   Accounts receivable
      Trade                                       1,291,000,000
      Other                                         263,000,000
   Inventories                                      759,000,000
   Assets of discontinued operations                498,000,000
   Other current assets                             151,000,000
      Total current assets                        3,673,000,000

Investments and other assets                      1,399,000,000
Investments in equity affiliates                    782,000,000
Net property, plant and equipment                 1,832,000,000
TOTAL ASSETS                                     $7,686,000,000


   Notes payable, including current portion
      of long-term debt                             $25,000,000
   Accounts payable                                 994,000,000
   Liabilities of discontinued operations           182,000,000
   Other accrued liabilities                        772,000,000
Total current liabilities                         1,973,000,000

Liabilities subject to compromise                 4,243,000,000
Deferred employee benefits and other
   non-current liabilities                          244,000,000
Long-term debt                                       18,000,000
DIP financing                                       700,000,000
Minority interest in consolidate subsidiaries        81,000,000
Shareholder' equity                                 427,000,000

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

Net Sales                                          $615,000,000
Costs and expenses
   Costs of sales                                   602,000,000
   Selling, general & administrative expenses        32,000,000
   Other income, net                                  3,000,000
Income (loss) from operations                       (16,000,000)
Interest expense                                      6,000,000
Reorganization charges                                7,000,000
Income (loss) before income taxes                   (29,000,000)
Income tax (expense) benefit                         (4,000,000)
Minority interest                                    (1,000,000)
Equity in earnings of affiliates                      2,000,000
Income (loss) before continuing operations          (32,000,000)
Income (loss) from discontinued operations          (11,000,000)
Net income (loss)                                  ($43,000,000)

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

Net income (loss)                                  ($43,000,000)
Depreciation and amortization                        23,000,000
Charges related to divestitures & asset sales        (2,000,000)
Reorganization charges                                7,000,000
Payment of reorganization charges                    (9,000,000)
Working capital                                     (49,000,000)
Other                                                13,000,000
Net cash flow provided by
(used for) operating activities                     (60,000,000)

Purchases of property, plant and equipment          (24,000,000)
Acquisition of business                             (15,000,000)
Proceeds from sale of assets                          1,000,000
Other                                                18,000,000
Net cash flow provided by
(used for) operating activities                     (20,000,000)

Net change in short-term debt                       (19,000,000)
Payments of long-term debt                                    -
Proceeds from DIP facility                                    -
Increase (decrease) in long-term                              -
Net cash flow provided by
(used for) financing activities                     (19,000,000)

Net increase in cash equivalents                    (99,000,000)
Cash and cash equivalents, beginning of period      810,000,000
Cash and cash equivalents, end of period           $711,000,000

Toledo, OH-based Dana Corp. -- designs and   
manufactures products for every major vehicle producer in the
world, and supplies drivetrain, chassis, structural, and engine
technologies to those companies.  Dana employs 46,000 people in 28
countries.  Dana is focused on being an essential partner to
automotive, commercial, and off-highway vehicle customers, which
collectively produce more than 60 million vehicles annually.  The
company and its affiliates filed for chapter 11 protection on
Mar. 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354).  Corinne Ball,
Esq., and Richard H. Engman, Esq., at Jones Day, in Manhattan and
Heather Lennox, Esq., Jeffrey B. Ellman, Esq., Carl E. Black,
Esq., and Ryan T. Routh, Esq., at Jones Day in Cleveland, Ohio,
represent the Debtors.  Henry S. Miller at Miller Buckfire & Co.,
LLC, serves as the Debtors' financial advisor and investment
banker.  Ted Stenger from AlixPartners serves as Dana's Chief
Restructuring Officer.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel LLP, represents the Official Committee of
Unsecured Creditors.  Fried, Frank, Harris, Shriver & Jacobson,
LLP serves as counsel to the Official Committee of Equity Security
Holders.  When the Debtors filed for protection from their
creditors, they listed $7.9 billion in assets and $6.8 billion in
liabilities as of Sept. 30, 2005.  (Dana Corporation Bankruptcy
News, Issue No. 20; Bankruptcy Creditors' Service Inc., 215/945-7000).

DELPHI CORP: Posts $534 Million Net Loss in July 2006

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


Current assets:         
   Cash and cash equivalents                               $933
   Restricted cash                                           76
   Accounts receivable, net
      General Motors and affiliates                       1,428
      Other third parties                                 1,395
      Non-Debtor subsidiaries                               333
   Notes receivable from non-Debtor subsidiaries            355
   Inventories, net
      Productive material, work-in-process and supplies     967
      Finished goods                                        332
   Prepaid expenses and other                               292
      TOTAL CURRENT ASSETS                                6,111

Long-term assets:
   Property, net                                          2,575
   Investment in affiliates                                 379
   Investments in non-Debtor subsidiaries                 3,454
   Goodwill                                                 152
   Other intangible assets                                   39
   Pension intangible assets                                678
   Other                                                    336
TOTAL ASSETS                                            $13,724


Current liabilities not subject to compromise:
   Secured debt in default                                2,496
   Accounts payable                                       1,089
   Accounts payable to non-Debtor subsidiaries              349
   Accrued liabilities                                    1,155
   TOTAL CURRENT LIABILITIES                              5,098

Long-term liabilities not subject to compromise:
   Debtor-in-possession financing                           250
   Employee benefit plan obligations and other              750
   TOTAL LONG-TERM LIABILITIES                            1,000

Liabilities subject to compromise                        15,966
   TOTAL LIABILITIES                                     22,064
Stockholders' deficit:         
   Common stock                                               6
   Additional paid-in capital                             2,758
   Accumulated deficit                                   (9,601)
   Minimum pension liability                             (1,451)
   Treasury stock, at cost (3.2 million shares)             (52)
   TOTAL STOCKHOLDERS' DEFICIT                           (8,340)

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

Net sales:                  
   General Motors and affiliates                           $450
   Other customers                                          391
   Intercompany non-Debtor subsidiaries                      53
Total net sales                                             894
Operating expenses:                  
   Cost of sales                                          1,076
   U.S. employee special attrition program charges          184
   Selling, general and administrative                       87
   Depreciation and amortization                             52
   Goodwill and long-lived asset impairment charges           -
Total operating expenses                                  1,399
Operating loss                                             (505)

Interest expense                                            (32)
Other expense, net                                            1

Reorganization items                                          -
Income tax benefit (expense)                                 (1)
Equity income from non-consolidated subsidiaries              2
Equity income from non-Debtor subsidiaries, net of tax        3
Cumulative effect of accounting charge, net of tax            -
NET LOSS                                                  ($534)

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

Cash flows from operating activities:         
   Net loss                                               ($534)
   Adjustments to reconcile net loss
    to net cash provided by operating activities:         
    Depreciation and amortization                            52
    Pension and other postretirement benefit expenses       124
    Equity income from unconsolidated subsidiaries, net      (2)
    Equity income from non-Debtor subsidiaries, net of tax   (3)
    Reorganization items                                      -
    U.S. employee attrition program charges                 184
   Changes in operating assets and liabilities:         
    Accounts receivable, net                                752
    Inventories, net                                        (84)
    Prepaid expenses and other                              (37)
    Accounts payable, accrued and other long-term debts    (340)
    Pension contributions                                   (60)
    Other postretirement benefit payments                   (20)
    Receipts (payments) for reorganization items, net       (10)
    Other                                                    83
Net cash used in operating activities                      (105)
Cash flows from investing activities:
   Capital expenditures                                     (32)
   Increase in restricted cash                                -
   Proceeds from sale of property                             -
   Other                                                     12
Net cash used in investing activities                       (20)

Cash flows from financing activities:
   Repayments under cash overdraft                           (1)
   Repayments of borrowings under other debt                 (1)
Net cash used in financing activities                        (2)
Increase in cash and cash equivalents                        83
Cash and cash equivalents at beginning of period            850
Cash and cash equivalents at end of period                 $933

Based in Troy, Mich., Delphi Corporation --  
-- is the single largest global supplier of vehicle electronics,
transportation components, integrated systems and modules, and
other electronic technology.  The Company's technology and
products are present in more than 75 million vehicles on the road
worldwide.  The Company filed for chapter 11 protection on Oct. 8,
2005 (Bankr. S.D.N.Y. Lead Case No. 05-44481).  John Wm. Butler
Jr., Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell
A. Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins
LLP, represents the Official Committee of Unsecured Creditors.
As of Aug. 31, 2005, the Debtors' balance sheet showed
$17,098,734,530 in total assets and $22,166,280,476 in total
debts.  (Delphi Bankruptcy News, Issue No. 40; Bankruptcy
Creditors' Service, Inc.,   

DELTA AIR: Earns $69 Million in July 2006
Delta Air Lines filed its Monthly Operating Report for
July 2006 with the U.S. Bankruptcy Court for the Southern
District of New York.  Key points include:

     * Delta's July 2006 net income was $69 million.

     * July 2006 net income excluding reorganization items was
       $99 million.

     * As of July 31, 2006, Delta had $3.0 billion of
       unrestricted cash, cash equivalents and short-term

Delta reported net income of $69 million in the month of
July 2006, compared to a net loss of $41 million in July 2005.  
Delta's net income excluding reorganization items was $99 million
for July 2006, a $140 million improvement versus the net loss in
the prior year period.  As of July 31, 2006, Delta had $4.0 bill.  
of cash, cash equivalents and short-term investments, of which
$3.0 billion was unrestricted.

                      Restructuring Progress

In September 2005, Delta announced a comprehensive restructuring
plan intended to deliver an additional $3 billion in annual
financial benefits through revenue improvements and cost
reductions by the end of 2007.  During the month of July,
Delta continued its restructuring progress by:

     * Reducing operating costs to achieve a mainline non-fuel
       CASM(1) of 6.60 cents for the month, a 6.4 percent
       reduction year over year.

     * Improving consolidated passenger unit revenue to
       11.44 cents, a 13.2 percent improvement compared to July

"July's results reflect the continued momentum of our
restructuring," said Edward H. Bastian, Delta's executive vice
president and chief financial officer.  "The hard work and
sacrifice of the Delta people are making a tangible difference,
resulting in more than a billion dollar improvement in our
operating performance year to date.  In the coming months, the
challenge will be to sustain this momentum as we move into a
traditionally slower season for our industry."

                      DELTA AIR LINES, INC.
            Unaudited Consolidated Balance Sheet
                       As of July 31, 2006


Cash and cash equivalents                        $2,470,000,000
Short-term investments                             $569,000,000
Restricted cash                                     905,000,000
Accounts receivable, net of an allowance for
   uncollectible accounts of $37                  1,030,000,000
Expendable parts and supplies inventories, net
   of an allowance for obsolescence of $196         171,000,000
Prepaid expenses and other                          750,000,000
Total current assets                              5,895,000,000

Flight equipment                                 17,988,000,000
Accumulated depreciation                         (6,658,000,000)
Flight equipment, net                            11,330,000,000

Flight and ground equipment
   under capital leases                             502,000,000
Accumulated amortization                           (157,000,000)
Flight and ground equipment
   under capital leases, net                        345,000,000

Ground property and equipment                     4,655,000,000
Accumulated depreciation                         (2,849,000,000)
Ground property and equipment, net                1,806,000,000

Advance payments for equipment                       44,000,000
Total property and equipment, net                13,525,000,000

Goodwill                                            227,000,000
Operating rights and other intangibles,
   net of accumulated amortization of $193           70,000,000
Other noncurrent assets                             906,000,000
Total other assets                                1,203,000,000
Total assets                                    $20,623,000,000


Current maturities of long-term debt
   and capital leases                            $1,421,000,000
Accounts payable, deferred credits
   and other accrued liabilities                  1,637,000,000
Air traffic liability                             2,225,000,000
Taxes payable                                       624,000,000
Accrued salaries and related benefits               404,000,000
Total current liabilities                         6,311,000,000

Long-term debt and capital leases                 6,488,000,000
Deferred revenue and other credits                  292,000,000
Other                                               336,000,000
Total noncurrent liabilities                      7,116,000,000

LIABILITIES SUBJECT TO COMPROMISE                20,993,000,000


Common stock:
$0.01 par value; 900,000,000 shares
   authorized; 202,081,648 shares issued              2,000,000
Additional paid-in capital                        1,561,000,000
Accumulated deficit                             (12,416,000,000)
Accumulated other comprehensive loss             (2,720,000,000)
Treasury stock at cost, 4,745,710 shares           (224,000,000)
Total shareowners' deficit                      (13,797,000,000)
Total liabilities and shareowners' deficit      $20,623,000,000

                      DELTA AIR LINES, INC.
          Unaudited Consolidated Statement of Operations
               For the Month Ended July 31, 2006

   Mainline                                      $1,215,000,000
   Regional affiliates                              361,000,000
Cargo                                                38,000,000
Other, net                                           96,000,000
Total operating revenues                          1,710,000,000

Aircraft fuel                                       424,000,000
Salaries and related costs                          342,000,000
Contract carrier arrangements                       242,000,000
Depreciation and amortization                        97,000,000
Contracted services                                  90,000,000
Passenger commissions and
   other selling expenses                            89,000,000
Landing fees and other rents                         67,000,000
Aircraft maintenance materials and
   outside repairs                                   63,000,000
Passenger service                                    34,000,000
Aircraft rent                                        27,000,000
Restructuring, asset writedowns, pension
   settlements and related items, net                 1,000,000
Other                                                51,000,000
Total operating expenses                          1,527,000,000
OPERATING INCOME                                    183,000,000
Interest expense (contractual interest
   expense equals $102 for the month ended
   July 31, 2006)                                   (76,000,000)
Interest income                                       7,000,000
Miscellaneous, net                                  (15,000,000)
Total other expense, net                            (84,000,000)

REORGANIZATION ITEMS, NET                           (30,000,000)
LOSS BEFORE INCOME TAXES                             69,000,000

INCOME TAX PROVISION                                         --
NET INCOME                                          $69,000,000

                      DELTA AIR LINES, INC.
          Unaudited Consolidated Statement of Cash Flows
                For the Month ended July 31, 2006

CASH FLOWS FROM OPERATING ACTIVITIES               ($24,000,000)

Property and equipment additions:
   Flight equipment, including
      advance payments                              (18,000,000)
   Ground property and equipment                     (9,000,000)
Proceeds from sale of flight equipment                1,000,000
Decrease in restricted cash                         140,000,000
Net cash provided by investing activities           114,000,000

Payments on long-term debt and
   capital lease obligations                        (51,000,000)
Net cash used by financing activities               (51,000,000)
Net increase in cash and cash equivalents            39,000,000

Cash & cash equivalents at beginning of period    2,431,000,000

Cash & cash equivalents at end of period         $2,470,000,000

Headquartered in Atlanta, Georgia, Delta Air Lines (Other
OTC: DALRQ) -- is the world's second-
largest airline in terms of passengers carried and the leading
U.S. carrier across the Atlantic, offering daily flights to 502
destinations in 88 countries on Delta, Song, Delta Shuttle, the
Delta Connection carriers and its worldwide partners.  The Company
and 18 affiliates filed for chapter 11 protection on Sept. 14,
2005 (Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S.
Huebner, Esq., at Davis Polk & Wardwell, represents the Debtors in
their restructuring efforts.  Timothy R. Coleman at The Blackstone
Group L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 42; Bankruptcy Creditors' Service,
Inc., 215/945-7000)

FEDERAL-MOGUL: Posts $35.3 Million Net Loss in July 2006

                 Federal-Mogul Global, Inc., et al.
                     Unaudited Balance Sheet
                       As of July 31, 2006
                          (In millions)


Cash and equivalents                                     $823.4
Accounts receivable                                       573.0
Inventories                                               458.9
Deferred taxes                                             96.5
Prepaid expenses and other current assets                  97.2
Total current assets                                    2,049.0

Summary of Unpaid Postpetition Debits                     (72.1)
Intercompany Loans Receivable (Payable)                 2,238.1
Intercompany Balances                                   2,166.0

Property, plant and equipment                             841.6
Goodwill                                                  947.8
Other intangible assets                                   410.0
Insurance recoverable                                     823.6
Other non-current assets                                  916.4
Total Assets                                           $8,154.4

               Liabilities and Shareholders' Equity  

Short-term debt                                          $553.5
Accounts payable                                          241.5
Accrued compensation                                       63.7
Restructuring and rationalization reserves                 17.0
Current portion of asbestos liability                         -
Interest payable                                            2.7
Other accrued liabilities                                 253.1
Total current liabilities                               1,131.4

Long-term debt                                                -
Post-employment benefits                                1,987.3
Other accrued liabilities                                 799.2
Liabilities subject to compromise                       6,011.1

Shareholders' equity:  
   Preferred stock                                      1,050.6
   Common stock                                           565.8
   Additional paid-in capital                           8,064.9
   Accumulated deficit                                (10,344.9)
   Accumulated other comprehensive income              (1,110.9)
   Other                                                      -
Total Shareholders' Equity                             (1,774.4)
Total Liabilities and Shareholders' Equity             $8,154.5

                 Federal-Mogul Global, Inc., et al.  
                 Unaudited Statement of Operations  
                 For the Month Ended July 31, 2006
                          (In millions)

Net sales                                                $231.8
Cost of products sold                                     204.2
Gross margin                                               27.6

Selling, general & administrative expenses                (48.9)
Amortization                                               (1.2)
Reorganization items                                       (7.8)
Interest expense, net                                     (14.7)
Other expense, net                                         10.6
Earnings before Income Taxes                              (34.4)

Income Tax Expense                                         (0.9)
Earnings before effect of change in acctg principle       (35.3)
Cumulative effect of change in acctg principle                -
Net loss                                                 ($35.3)

                 Federal-Mogul Global, Inc., et al.
                 Unaudited Statement of Cash Flows
                 For the month ended July 31, 2006
                           (In millions)  

Cash Provided From (Used By) Operating Activities:  
   Net loss                                              ($35.3)
Adjustments to reconcile net earnings (loss) to net cash:  
   Depreciation and amortization                           13.2
   Adjustments of assets held for sale to fair value          -
   Asbestos Charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg principle             -
   Change in post-employment benefits                       4.6
   Decrease in accounts receivable                         45.1
   Increase in inventories                                 (4.9)
   Increase in accounts payable                             3.1
   Change in other assets and other liabilities           (49.2)
   Change in restructuring charge                           0.2
   Refunds (payments) against asbestos liability              -
Net Cash Provided From Operating Activities               (23.1)

Cash Provided From (Used By) Investing Activities:  
   Expenditures for property, plant & equipment               -
   Proceeds from sale of property, plant & equipment          -
   Proceeds from sale of businesses                           -
   Business acquisitions, net of cash acquired                -
   Other                                                      -
Net Cash Provided From (Used By) Investing Activities         -

Cash Provided From (Used By) Financing Activities:  
   Increase (decrease) in debt                                -
   Sale of accounts receivable under securitization        17.2
   Dividends                                                  -
   Other                                                   16.7
Net Cash Provided From Financing Activities                33.9

Decrease in Cash and Equivalents                           10.7

Cash and equivalents at beginning of period               812.7
Cash and equivalents at end of period                    $823.4

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- 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. 113; Bankruptcy Creditors' Service, Inc. 215/945-7000)

FLYI INC: Posts $600,292 Net Loss in July 2006

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


Current assets
      Cash                                           $1,206,763
      Short term investments                                  -
      Net accounts receivable                       379,627,803
      IC Notes receivable                             4,252,000
      Total Current Assets                          385,086,566
Other assets
      Restricted cash                                         -
      Long term investments                           7,435,000
      Other assets                                   14,055,412
      Total Other Assets                             21,490,412
      TOTAL ASSETS                                 $406,576,978

Liabilities not subject to compromise                         -
Liabilities subject to compromise
      Secured debt                                            -
      Priority debt                                           -
      Unsecured debt                               $249,987,268
      Other accruals                                          -
      Total Liabilities                             249,987,268
Owner Equity
      Common stock                                    1,088,716
      Additional paid in capital                    158,254,512
      Treasury stock                                (35,717,477)
      Prepetition retained earnings                  39,858,773
      Postpetition retained earnings                 (6,894,814)
      Net Owners' Equity                            156,589,710
      TOTAL LIABILITIES AND OWNER'S EQUITY         $406,576,978

                             FLYi Inc.
                     Statement of Operations
                            July 2006

Revenues                                                      -
Other (income) expenses
      Interest income                                   ($4,532)
      Interest expense                                        -
      Other miscellaneous                                     -
Net Profit (Loss) before reorganization items             4,532

Reorganization items
      Professional fees                                 604,074
      U.S. Trustee Quarterly Fees                           750
      Income Taxes                                            -
Net Profit (Loss)                                     ($600,292)

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 24; Bankruptcy
Creditors' Service, Inc.,

FLYI INC: Independence Posts $4.5 Million Net Loss in July 2006

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


Current assets
      Cash                                          $47,560,364
      Short term investments                         88,015,356
      Restricted cash                                 1,573,350
      Net accounts receivable                        98,273,566
      Net expandable parts and fuel                      62,636
      Net prepaid expenses                            5,919,284
      Deferred tax asset                                     (1)
Total current assets                                241,404,555
Other assets
      Restricted cash                                14,597,679
      Aircraft deposits                              12,662,000
      Other assets                                      420,099
Total other assets                                   27,679,778
      TOTAL ASSETS                                 $269,084,333

Liabilities not subject to compromise
      Accounts payable                               $5,119,637
      Air traffic liability                             835,720
      Accrued liabilities                             1,595,263
      Amounts due to insiders                            44,584
Total Postpetition Liabilities                        7,595,204

Liabilities subject to compromise
      Secured debt                                    1,253,106
      Priority debt                                   1,409,052
      Unsecured debt                                400,947,349
      Other accruals                                 17,567,132
Total prepetition liabilities                       421,176,639
Total Liabilities                                   428,771,843
Owner Equity
      Common stock                                            -
      Treasury stock                                  7,435,000
      Owner's equity account                                  -
      Prepetition retained earnings                (243,575,613)
      Postpetition retained earnings                 76,453,103
Net Owners' Equity                                 (159,687,510)
      TOTAL LIABILITIES AND OWNER'S EQUITY         $269,084,333

                       Independence Air Inc.
                     Statement of Operations
                            July 2006

Operating Revenue
      Passenger revenue                                       -
      Other revenue                                     $13,008
Total operating revenues                                 13,008
Operating expenses
Insider compensation                                     19,584
      Wages                                             766,722
      Fringes and benefits                               18,415
      Aircraft fuel                                     (15,879)
      Aircraft maintenance and materials                 61,063
      Traffic commissions                                   194
      CRS fees                                           33,938
      Facilities rents                                  (33,368)
      Landing fees                                      (14,035)
      Depreciation and amortization                           -
      Others                                         (1,110,572)
      Retirement & restructuring charge                  23,909
Total operating expense                                (250,029)
Net operating income (loss)                             263,037
Net Profit (Loss) before other income & expenses        263,037
Other (income) expenses
      Interest income                                  (319,121)
      Interest expense                                    6,812
      Other miscellaneous                             4,475,920
      Total other (income) expense                    4,163,611
Net Profit (Loss) before reorganization items        (3,900,574)
Reorganization items
      Professional fees                                 604,074
      U.S. Trustee Quarterly Fees                        10,750
      Income Taxes                                            -
Net Profit (Loss)                                   ($4,515,398)

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 24; Bankruptcy
Creditors' Service, Inc.,

KAISER ALUMINUM: Posts $29 Million Net Loss in June 2006
Kaiser Aluminum Corporation filed with the U.S. Bankruptcy Court
for the District of Delaware an illegible copy of its balance
sheet as of June 30, 2006.  Kaiser reported approximately $1.57
billion in total assets, including:

   Cash                                              $36,648,000
   Trade Receivables                                 113,610,000
   Inventories                                       123,112,000
   Investments in and advances to subsidiaries        26,672,000
   Intercompany receivables/payables, net             (4,133,000)

Kaiser reported at least $4.67 billion in liabilities, including:

   Accounts payable                                  $56,712,000
   Accrued interest                                    1,168,000
   Accrued salaries, wages & related expenses         36,910,000
   Accrued post retirement benefit - current                   -
   Other accrued liabilities                          60,585,000
   Payable to affiliates                              33,013,000
   Long-term debt - current position                   1,127,000
   Long-term liabilities                              17,516,000
   Accrued post-retirement benefit obligation                  -
   Long-term debt                                      1,212,000
   Liabilities subject to compromise               4,461,520,000

A copy of the document Kaiser delivered to the Clerk is available
at no charge at

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

Net Sales                                               $114,362
Costs and expenses:
   Cost of products sold                                 131,678
   Depreciation & amortization                             1,829
   Selling, administrative, R&D and general                5,284
   Other operating charges (benefits), net                 5,655
Total costs and expenses                                 144,446

Operating income (loss)                                  (30,084)

Other income (expense):
   Interest expenses, net                                     (3)
   Reorganization items                                   (2,789)
   Other - net                                               (56)
Income (loss) before income taxes and                    (32,932)
   minority interest
(Provision) benefit for income taxes                       3,826
Minority interests                                             -
Equity in income (loss) of subsidiaries                       31
Net income (loss)                                       ($29,075)

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

   Trade Receivables
      KACC and certain other entities' receivables       $89,305
      KAII Receivables                                    51,954
   Total Trade Receivables                               141,259

   Asbestos Insurance Recoveries                               -
   COBRA Receipts                                            523
   Proceeds from Hedging Settlements                       2,569
Total Receipts                                           144,351

   Inventory/raw materials                                87,695
   Capital expenditures                                    4,522
   Maintenance, materials, etc.                            4,312
   Freight                                                 6,596
   Utilities/energy                                        3,907
   Hourly payroll                                          8,454
   Salaried payroll                                        3,516
   Hedging activities                                        319
   Pension contributions                                     126
   VEBA Advances                                           2,253
   Medical - current employees                             2,723
   Annual insurance premiums                                   -
   Workers' compensation                                     656
   Corporate general and administrative                    5,261
   JV Fundings-primary, net of reimbursements                  -
   Other Disbursements                                     6,313
Total Operating and G&A Disbursements                    136,653

Reorganization items                                       2,229
Total Disbursements                                      138,882
Net Cash Flow                                              5,469

Beginning Bank Cash Balances                              33,989
Ending Bank Cash Balances                                 39,458
Reconciling Items                                         (2,810)
Ending Book Cash Balances                                $36,648

Headquartered in Foothill Ranch, California, Kaiser Aluminum
Corporation -- is a leading
producer of fabricated aluminum products for aerospace and high-
strength, general engineering, automotive, and custom industrial
applications.  The Company filed for chapter 11 protection on
Feb. 12, 2002 (Bankr. Del. Case No. 02-10429), and has sold off a
number of its commodity businesses during course of its cases.
Corinne Ball, Esq., at Jones Day, represents the Debtors in their
restructuring efforts.  Lazard Freres & Co. serves as the Debtors'
financial advisor.  Lisa G. Beckerman, Esq., H. Rey Stroube, III,
Esq., and Henry J. Kaim, Esq., at Akin, Gump, Strauss, Hauer &
Feld, LLP, and William P. Bowden, Esq., at Ashby & Geddes
represent the Debtors' Official Committee of Unsecured Creditors.  
The Debtors' Chapter 11 Plan became effective on July 6, 2006.  On
June 30, 2004, the Debtors listed $1.619 billion in assets and
$3.396 billion in debts.  (Kaiser Bankruptcy News, Issue No. 104;
Bankruptcy Creditors' Service, Inc., 609/392-0900)

KUSHNER-LOCKE: Files June 2006 Monthly Operating Reports
On Aug. 28, 2006, The Kushner-Locke Company and its debtor-
affiliates filed their June 2006 Monthly Operating Reports with
the U.S. Bankruptcy Court for the Central District of California,
Los Angeles Division.

For the month ending June 30, 2006, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses          $87,774
      Total Non-Operating Expenses           $0

      Net Income (Loss)                ($87,774)

For the period from June 1, 2006, through June 30, 2006, The
Kushner-Locke Company's Cash Receipts and Disbursements Report

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,723,868         $113,264
      Total Receipts             113,944           45,051
      Total Disbursements         45,000           87,723  
      Ending Balance          $1,792,812          $70,592
Full-text copies of The Kushner-Locke Company's June 2006
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:


Cash Receipts and Disbursements Report:


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

NORTHWEST AIRLINES: Earns $101 Million in July 2006

                 Northwest Airlines Corporation
        Unaudited Condensed Consolidated Balance Sheet
                      As of July 31, 2006


Current assets:
   Cash and cash equivalents                     $1,147,000,000
   Unrestricted short-term investments              590,000,000
   Restricted cash, cash equivalents &
      short-term investments                        615,000,000
   Accounts receivable, net                         745,000,000
   Flight equipment spare parts, net                120,000,000
   Prepaid expenses & other                         395,000,000
Total current assets                              3,612,000,000

Property and equipment:
   Flight equipment, net                          7,243,000,000
   Other property & equipment, net                  736,000,000
Total property & equipment                        7,979,000,000

Flight Equipment under capital leases, net           22,000,000

Other assets:
   Intangible pension asset                         363,000,000
   International routes                             634,000,000
   Investments in affiliated companies               38,000,000
   Other                                            952,000,000
Total other assets                                1,987,000,000
Total assets                                    $13,600,000,000


Current liabilities:
   Air traffic liability                         $1,843,000,000
   Accounts payable & other liabilities           1,407,000,000
   Current maturities of long-term debt
      & capital lease obligations                   111,000,000
Total current liabilities                         3,361,000,000

Long-term debt                                    1,400,000,000

Deferred Credits & other liabilities:
   Long-term pension & postretirement
      Health care benefits                          133,000,000
   Other                                            116,000,000
Total deferred credits & other liabilities          249,000,000

Liabilities Subject to Compromise                15,221,000,000

Preferred redeemable stock subject to Compromise    279,000,000

Common Stockholders' Equity (Deficit)
   Common stock                                       1,000,000
   Additional paid-in capital                     1,503,000,000
   Accumulated deficit                           (5,836,000,000)
   Accumulated other comprehensive
      income (loss)                              (1,565,000,000)
   Treasury stock                                (1,013,000,000)
Total common stockholders' equity (deficit)      (6,910,000,000)
Total Liabilities &
   Stockholders' Equity (deficit)               $13,600,000,000

                 Northwest Airlines Corporation
   Unaudited Condensed Consolidated Statement of Operations
                  For Month Ended July 31, 2006

Operating Revenues
   Passenger                                       $913,000,000
   Regional carrier revenues                        128,000,000
   Cargo                                             79,000,000
   Other                                             78,000,000
   Total Operating Revenues                       1,198,000,000

Operating Expenses
   Aircraft fuel and taxes                          313,000,000
   Salaries, wages, and benefits                    228,000,000
   Selling and marketing                             67,000,000
   Aircraft maintenance materials and repair         51,000,000
   Other rentals and landing fees                    51,000,000
   Depreciation and amortization                     41,000,000
   Aircraft rentals                                  17,000,000
   Regional carrier expenses                        126,000,000
   Other                                            124,000,000
   Total Operating Expenses                       1,018,000,000

Operating Income (Loss)                             180,000,000

Other Income (Expense)
   Interest expense, net                            (47,000,000)
   Investment income                                  9,000,000
   Reorganization items, net                        (39,000,000)
   Other, net                                        (1,000,000)
   Total other income (expense)                     (78,000,000)
Income (Loss) Before Income Taxes                   102,000,000

   Income tax expense (benefit)                       1,000,000
Net Income (Loss)                                  $101,000,000

                 Northwest Airlines Corporation
   Unaudited Condensed Consolidated Statements of Cash Flows
                 For Month Ended July 31, 2006

Cash Flows from Operating Activities:
   Net income (loss)                               $101,000,000
   Adjustments to reconcile net loss to net
      cash provided by (used in)
      operating activities:
      Depreciation and amortization                  41,000,000
      Pension and other postretirement benefit
         contributions less than expense             22,000,000
      Changes in certain assets & liabilities      (157,000,000)
      Long-term vendor deposits/holdbacks            86,000,000
      Reorganization items                           39,000,000
      Other, net                                    (11,000,000)
Net cash provided by operating activities           121,000,000

Cash Flows from Reorganization Activities:
   Net cash provided by (used in)
      reorganization activities                       1,000,000

Cash Flows from Investing Activities:
   Capital expenditures                             (14,000,000)
   Proceeds from sales of short term investment       8,000,000
   Decrease (increase) in restricted
      cash, cash equivalents &
      short-term investments                         59,000,000
   Other, net                                        12,000,000
Net cash provided by (used in) investing
   activities                                        65,000,000

Cash Flows from Financing Activities:
   Proceeds from long-term debt                       4,000,000
   Payments of long-term debt and capital
      lease obligations                             (24,000,000)
   Other, net                                         1,000,000
Net cash provided by (used in)
   financing activities                             (19,000,000)
Increase (Decrease) in Cash and
   Cash Equivalents                                 168,000,000

Cash & cash equivalents at beginning of period      979,000,000
Cash & cash equivalents at end of period         $1,147,000,000

Northwest Airlines Corp. (OTC: NWACQ) --
-- is the world's fourth largest airline with hubs at Detroit,
Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and
approximately 1,400 daily departures.  Northwest is a member of
SkyTeam, an airline alliance that offers customers one of the
world's most extensive global networks.  Northwest and its travel
partners serve more than 900 cities in excess of 160 countries on
six continents.  The Company and 12 affiliates filed for chapter
11 protection on Sept. 14, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-17930).  Bruce R. Zirinsky, Esq., and Gregory M. Petrick, Esq.,
at Cadwalader, Wickersham & Taft LLP in New York, and Mark C.
Ellenberg, Esq., at Cadwalader, Wickersham & Taft LLP in
Washington represent the Debtors in their restructuring efforts.
The Official Committee of Unsecured Creditors has retained Akin
Gump Strauss Hauer & Feld LLP as its bankruptcy counsel in the
Debtors' chapter 11 cases.  When the Debtors filed for protection
from their creditors, they listed $14.4 billion in total assets
and $17.9 billion in total debts.  (Northwest Airlines Bankruptcy
News, Issue No. 38; Bankruptcy Creditors' Service, Inc., 215/945-7000).

PERFORMANCE TRANSPORTATION: Files July 2006 Operating Report
Performance Transportation Services, Inc., and its debtor-
Affiliates filed with the U.S. Bankruptcy Court for the Western
District of New York their Monthly Operating Statement for the
period from July 1, 2006, to July 31, 2006.

The Operating Statements do not include a Balance Sheet or
Statement of Operations.  The Debtors, however, disclose a
$5,909,500 operating net loss for the period.

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

Book balance:
   Opening book balance, 07/01/06                    $9,504,553

   Customers                                         24,951,693
   Miscellaneous receipts                               173,961
   Total receipts                                    25,125,654

   Payroll, payroll taxes & fringe benefits          13,235,976
   Insurance & cargo losses                           1,414,823
   Fuel and fuel taxes                                3,307,924
   Parts, tires, other operating supplies & expenses  3,166,517
   Licenses, permits & tolls                            540,615
   Tractor, trailer lease payments                       17,454
   Building, land, service vehicles and other rents     337,225
   Interest & bank fee payments                         428,162
   Income, franchise & property taxes                    65,915
   Misc/DIP Line (Draw) / Repayments     
   Capital expenditures                                 295,300
   Professional Fees                                    812,575
   Total Disbursements                               23,622,487
Closing Book Balance, End of Month                  $11,007,720

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

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

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

SAINT VINCENTS: Files July 2006 Monthly Operating Report

                           SVCMC Debtors
               Unaudited Consolidated Balance Sheet
                        As of July 31, 2006

Cash & Cash Equivalents                             $26,886,181
Investments                                                   -
Patients Accounts Receivable, less allowance for
  doubtful accounts                                  167,194,006
Accounts Receivable                                   37,086,218
Other Current Assets                                  71,925,965
    Total Current Assets                             303,092,370

Depreciation Reserve Funds & Collaterized Assets      16,381,165
Assets Designated for Self-Insurance
  Investments at Market                               47,249,212
Assets whose use is limited -
  Investments at Market                               57,482,248
Other Non-Current Assets                               9,446,501

Land, Buildings & Equipment, net of
  Accumulated Depreciation                           269,189,819
     Total Assets                                    702,841,315

Liabilities Subject to Compromise:
    HFG Loan                                                   0
    Accounts Payable & Accrued Expenses              234,975,020
    Estimated Retroactive Payables to
     Third Parties, net                               84,798,325
    Long-term Debt                                   124,874,917
    Long-term Debt, excluding current installment              -
    Estimated Liability for Self-Insurance           265,484,053
    Total Liabilities Subject to Compromise          710,132,315

Liabilities Not Subject to Compromise:
    Accrued Salaries & Payroll Taxes Withheld         48,553,292
    Accounts Payables & Accrued Expenses              99,845,854
    Long-term Debt (GE)                              169,000,000
    Total Liabilities                              1,027,531,461

Net Assets:
    Unrestricted                                    (384,772,333)
    Temporarily Restricted                            35,480,510
    Permanently Restricted                            24,601,677
    Total Net Assets                                (324,690,146)
    Total Liabilities & Net Assets                  $702,841,315

                           SVCMC Debtors
              Unaudited Consolidated Income Statement
                   From July 1 to July 31, 2006

Operating Revenue
    Inpatient                                        $66,625,589
    Outpatient                                        28,842,476
       Patient Service Revenue                        95,468,065
    Less Provision for Bad Debt                        6,566,119
       Net Patient Service Revenue                    88,901,946
    Pool Revenue                                       3,863,271
    Capitation                                         7,934,423
    Other                                              9,861,065
    Total Operating Revenue                          110,560,705

Operating Expenses:
    Salaries and Wages                                48,981,828
    Fringe Benefits                                   13,795,868
    Supplies and Other                                33,865,897
    Insurance                                          4,332,685
    Total Direct Operating Costs                     100,976,278

    Salaries and Wages                                 2,641,958
    Fringe Benefits                                      781,728
    Supplies and Other                                 6,790,679
    Total Corporate Allocated                         10,214,364
    Total Operating Expense                          111,190,642
Interest                                              2,172,367
Depreciation                                          3,614,224
    Operating Gain (Loss) Before
     Non-Recurring and/or Unusual Items               (6,416,528)

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          (4,777,983)
    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          (4,777,983)
    Operating Gain (Loss) After
     Non-Recurring and/or Unusual Items              (11,194,511)
Non-Operating Revenue                                   (60,035)
Change in Temporary Restricted Net Assets              (596,629)
    Change in Net Assets                            ($11,851,175)
    EBITDA                                             ($629,938)

                           SVCMC Debtors
                 Unaudited Statement of Cash Flows
                    From July 1 to July 31, 2006

Cash Flows from Operation Activities:
    Changes in Net Assets                           ($11,851,175)

Adjustments to Reconcile Changes in Net Assets
  to Net Cash Provided by Operating Activities:
    Depreciation & Amortization                        3,614,224
    Gain on Refinancing                                        -
    Change in Unrealized Gains & Losses                  693,711
    Change in Patient's Accounts Receivable           (5,249,193)
    Change in Accounts Receivables, Other             (5,893,413)
    Change in Prepaid Expenses & Other                 3,008,255
    Change in Other Non-Current Assets                 7,535,548
    Change in A/P & Accrued Exp-Prepetition                    -
    Change in A/P & Accrued Exp-Postpetition             182,324
    Change in Accrued Salaries & P/R Taxes             2,880,331
    Change in Est. Retro rec/pay fr./to third parties  5,970,390
    Change in Est. Liability for self-insurance                -
    Change in Other Non-Current Liabilities              282,009
    Net Cash Provided by Operating Activities         $1,173,010

Cash flows From Investment Activities:
    Sale/(Purchase) of Investments, Net                 (975,017)
    Sale/(Purchase) of Assets Whose Use is Limited    (5,216,251)
    Acquisition/Sale of Land, Building,
     & Equipment                                      (1,125,936)
    Net Cash Provided by Investing Activities         (7,317,204)

Cash flows From Financing Activities:
    Proceeds/Repayment From/of Working Capital Loans           -
    Repayment of Long-term debt                       (2,764,747)
    Net Cash (Used) in Financing Activities           (2,764,747)

    Net Increase (Decrease)
     in Cash & Cash Equivalents                       (8,908,940)

    Cash & Cash Equivalents at Beginning of Month     35,795,122
    Cash & Cash Equivalents at End of the Month      $26,886,182

Headquartered in New York, New York, Saint Vincents Catholic
Medical Centers of New York -- 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. 34 Bankruptcy Creditors' Service, Inc., 215/945-7000)   

SOLUTIA INC: Posts $2 Million Net Loss in July 2006

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


Cash                                                $124,000,000
Trade Receivables, net                               181,000,000
Account Receivables-Unconsolidated Subsidiaries       50,000,000
Inventories                                          186,000,000
Other Current Assets                                  84,000,000
Assets of Discontinued Operations                              -
Total Current Assets                                 625,000,000

Property, Plant and Equipment, net                   661,000,000
Investments in Subsidiaries and Affiliates           585,000,000
Intangible Assets, net                               100,000,000
Other Assets                                          58,000,000
Total Assets                                      $2,029,000,000


Accounts Payable                                    $171,000,000
Short Term Debt                                      650,000,000
Other Current Liabilities                            180,000,000
Liabilities of Discontinued Operations                 1,000,000
Total Current Liabilities                          1,002,000,000
Other Long-Term Liabilities                          193,000,000
Total Liabilities not Subject to Compromise        1,195,000,000
Liabilities Subject to Compromise                  2,155,000,000

Shareholders' Deficit                             (1,321,000,000)
Total Liabilities & Shareholders' Deficit         $2,029,000,000

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

Total Net Sales                                     $195,000,000
Total Cost Of Goods Sold                             170,000,000
Gross Profit                                          25,000,000
Total MAT Expense                                     18,000,000
Operating Income                                       7,000,000
Equity Earnings from Affiliates                        3,000,000
Interest Expense, net                                 (7,000,000)
Other Income, net                                      2,000,000
Reorganization Items:
Professional fees                                     (5,000,000)
Employee severance and retention costs                (1,000,000)
Other                                                 (1,000,000)
Loss Before Taxes                                     (2,000,000)
Income tax expense (benefit)                                   -
Net Loss                                             ($2,000,000)

Headquartered in St. Louis, Missouri, Solutia, Inc. (OTCBB:SOLUQ)
-- with its subsidiaries, make and sell
a variety of high-performance chemical-based materials used in a
broad range of consumer and industrial applications.  The Company
filed for chapter 11 protection on Dec. 17, 2003 (Bankr. S.D.N.Y.
Case No. 03-17949).  When the Debtors filed for protection from
their creditors, they listed $2,854,000,000 in assets and
$3,223,000,000 in debts.  Solutia is represented by Richard M.
Cieri, Esq., at Kirkland & Ellis.  Daniel H. Golden, Esq., Ira S.
Dizengoff, Esq., and Russel J. Reid, Esq., at Akin Gump Strauss
Hauer & Feld LLP represent the Official Committee of Unsecured
Creditors, and Derron S. Slonecker at Houlihan Lokey Howard &
Zukin Capital provides the Creditors' Committee with financial
advice.  (Solutia Bankruptcy News, Issue No. 68; Bankruptcy
Creditors' Service, Inc.,

TOWER AUTOMOTIVE: Posts $26.5 Million Net Loss in July 2006

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

Cash and cash equivalents                                $26,991
Accounts receivable                                       92,391
Inventories                                               67,937
Prepaid tooling and other                                 29,583
        TOTAL CURRENT ASSETS                             216,902
Property, plant and equipment, net                       509,646
Investment in and advances to (from) affiliate           770,334
Other assets, net                                         50,236
        TOTAL ASSETS                                  $1,547,118

Current maturities of L-T debt                           $14,254
Current maturities of DIP borrowings                     598,500
Accounts payable                                          87,694
Accrued liabilities                                       94,974
        TOTAL CURRENT LIABILITIES                        795,422
Liabilities subject to compromise:                     1,310,074

Non-Current Liabilities Not Subject to Compromise:
Long-term debt, net of current maturities                 84,751
Other non-current liabilities                             20,165
        TOTAL LIABILITIES                              2,210,412
        STOCKHOLDERS' DEFICIT:                          (663,294)

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

Revenues                                                 $54,654
Cost of sales                                             68,804
Gross profit                                             (14,150)

Selling, general and administrative expenses               6,130
Restructuring and asset impairment charges, net               63
Other operating income                                      (274)
Operating income (loss)                                  (20,069)

Interest expense                                           6,547
Interest income                                             (128)
Intercompany interest (income)/expense                    (2,343)
Chapter 11 and related reorganization items                2,309
Income (loss) before provision for income taxes,
    equity in earnings of joint ventures,
    and minority interest                                (26,454)

Provision (benefit) for income taxes                         175
Income (loss) before equity in earnings                  (26,629)
Equity in earnings of joint ventures, net of tax              39
NET INCOME/(LOSS)                                       ($26,590)

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

Net loss                                                ($26,590)

Adjustments required to reconcile net loss
to net cash provided by (used in)
operating activities:

Chapter 11 and related reorganization items                1,126
Restructuring and asset impairment, net                        -
Depreciation                                               7,047
Equity in earnings of joint ventures, net                    (39)
Change in working capital                                  5,672
Net cash provided by (used in)
operating activities                                     (12,784)

Cash disbursed for purchase of property,
plant and equipment                                       (3,603)
Net cash used for investing activities                    (3,603)

Proceeds from non-DIP borrowings                               -
Repayments of non-DIP borrowings                              (1)
Borrowings from DIP credit facility                       50,500
Repayments of borrowings from DIP credit facility        (59,000)
Net cash provided by (used in)
financing activities                                      (8,501)
Net change in cash and cash equivalents                  (24,888)
Cash and Cash Equivalents, beginning of period            51,879
Cash and Cash Equivalents, end of period                 $26,991

Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- is a global designer and    
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo.  Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components.  The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601).  James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts.  Ira S. Dizengoff, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors.  When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts.  (Tower Automotive Bankruptcy News,
Issue No. 43; Bankruptcy Creditors' Service, Inc., 215/945-7000)


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

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

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to

On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
to freely downloadable images of these small-dollar petitions in
Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through  Go to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

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


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

Troubled Company Reporter is a daily newsletter co-published by
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,
USA, and Beard Group, Inc., Frederick, Maryland, USA.  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.

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

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

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