TCR_Public/060923.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 23, 2006, Vol. 10, No. 227


ENTERGY NEW ORLEANS: Files July 2006 Monthly Operating Report
EXIDE TECHNOLOGIES: Files March 2006 Post-Confirmation Report
EXIDE TECHNOLOGIES: Files June 2006 Post-Confirmation Report
MUSICLAND HOLDING: Files August 2006 Monthly Operating Report
PLIANT CORP: Files July 2006 Monthly Operating Report

WERNER LADDER: Files August 2006 Monthly Operating Report
WINN-DIXIE: Files August 2006 Monthly Operating Report


ENTERGY NEW ORLEANS: Files July 2006 Monthly Operating Report

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

Current Assets:
Cash and cash equivalents
Cash                                                   $31,664
Temporary cash investments                                   -
Total cash and cash equivalents                         31,664

Accounts receivable:
Customer                                                72,196
Allowance for doubtful accounts                        (18,558)
Associated companies                                    18,017
Other                                                    7,670
Accrued unbilled revenues                               26,563
Total accounts receivable                              105,888

Deferred fuel costs                                     29,867
Fuel inventory                                           3,530
Materials and supplies                                   6,785
Prepayments and other                                    8,037
Total current assets                                   185,771

Other Property and Investments
Investment in affiliates                                 3,259
Non-utility property at cost                             1,107
Total other property and investments                     4,366

Utility Plant
Electric                                               742,611
Natural gas                                            192,754
Construction work in progress                           56,003
Total Utility Plant                                    991,368
Less - accumulated depreciation & amortization         432,405
Utility plant - net                                    558,963

Deferred Debits and Other Assets
Regulatory assets:
Other regulatory assets                                171,455
Long term receivables                                    1,090
Other                                                   22,655
Total deferred debits and other assets                 195,200
TOTAL ASSETS                                          $944,300


Postpetition liabilities:
Taxes payable                                           $3,977
Accounts payable                                        45,073
DIP credit facility                                     49,749
Total postpetition liabilities                          98,799

Current liabilities:
Currently maturing long-term debt                            -
Notes payable                                           15,000
Accounts payable:
  Associated companies                                  64,044
  Other                                                 83,658
Customer deposits                                       12,570
Taxes accrued                                            5,311
Accumulated deferred income taxes                        3,557
Interest accrued                                         3,362
Energy efficiency program provision                          -
Other                                                    3,299
Total current liabilities                              190,801

Non-current liabilities:
Accumulated deferred income taxes & taxes accrued      119,795
Accumulated deferred investment tax credits              3,323
SFAS 109 regulatory liability - net                     59,747
Other regulatory liabilities                                 -
Accumulated provisions                                  10,361
Pension liability                                       40,154
Long-term debt                                         229,868
Other                                                    4,497
Total non-current liabilities                          467,472
Total Liabilities                                      757,072

Commitments and Contingencies:                               -


Preferred stock without sinking fund                    19,780
Common stock, $4 par value, authorized
10,000,000 shares; issued and
outstanding 8,435,900 shares in
2005 and 2004                                           33,744
Paid-in capital                                         36,294
Retained earnings -- prepetition                        99,593
Retained earnings -- postpetition                       (2,183)
Total Shareholders Equity                              187,228

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

Operating Revenues
Domestic electric                                      $46,886
Natural gas                                              5,573
Total operating revenues                                52,459

Operating Expenses:
Operation and maintenance
  Fuel                                                  21,282
  Purchased power                                       14,934
  Other operation and maintenance                        7,318
Taxes other than income taxes                            3,378
Depreciation and amortization                            2,892
Other regulatory charges - net                             347
Total operating expenses                                50,151
Operating income                                         2,308

Other income:
Allowance for equity funds used
during construction                                        190
Interest and dividend income                               254
Miscellaneous - net                                        (38)
Total other income                                         406

Interest and other charges:
Interest on long-term debt                                  61
Other interest-net                                         611
Allowance for borrowed funds used
during construction                                       (151)
Total interest and other charges                           521

Income (loss) before income taxes                        2,193
Income taxes                                               967
NET INCOME                                              $1,226

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

Beginning cash balance                             $28,303,160

Cash receipts                                       83,146,310
Cash disbursements                                 (79,785,378)
Net cash flow                                        3,360,932
ENDING CASH BALANCE                                $31,664,092

                         About Entergy

Headquartered in Baton Rouge, Louisiana, Entergy New Orleans Inc.
-- is a wholly owned   
subsidiary of Entergy Corporation.  Entergy New Orleans provides
electric and natural gas service to approximately 190,000 electric
and 147,000 gas customers within the city of New Orleans.  Entergy
New Orleans is the smallest of Entergy Corporation's five utility
companies and represents about 7% of the consolidated revenues and
3% of its consolidated earnings in 2004.  Neither Entergy
Corporation nor any of Entergy's other utility and non-utility
subsidiaries were included in Entergy New Orleans' bankruptcy
filing.  Entergy New Orleans filed for chapter 11 protection on
Sept. 23, 2005 (Bankr. E.D. La. Case No. 05-17697).  Elizabeth J.
Futrell, Esq., and R. Partick Vance, Esq., at Jones, Walker,
Waechter, Poitevent, Carrere & Denegre, L.L.P., represent the
Debtor in its restructuring efforts.  Carey L. Menasco, Esq.,
Philip Kirkpatrick Jones, Jr., Esq., and Joseph P. Hebert, Esq.,
at Liskow & Lewis, APLC, represent the Official Committee of
Unsecured Creditors.  When the Debtor filed for protection from
its creditors, it listed total assets of $703,197,000 and total
debts of $610,421,000.  (Entergy New Orleans Bankruptcy News,
Issue No. 23; Bankruptcy Creditors' Service, Inc., 215/945-7000)

EXIDE TECHNOLOGIES: Files March 2006 Post-Confirmation Report

                      Exide Technologies
               Unaudited Condensed Balance Sheet
                       At March 31, 2006
                         (In Thousands)


Current Assets:
     Cash                                                 $3,414
     Accounts Receivables, net                           167,233
     Intercompany Receivables                              4,629
     Inventories                                         154,768
     Prepaid expenses and other                           16,567
        Total current assets                             346,611
Property, Plant And Equipment, Net                       268,592
Other Assets:
     Other Intangibles, net                               61,421
     Investments in affiliates                             4,081
     Intercompany notes receivable                        96,333
     Deferred financing costs                             11,492
     Other                                                 7,804
TOTAL ASSETS                                            $796,334

              Liabilities And Stockholders' Equity (Deficit)

Current Liabilities:
     Current maturities of long-term debt                   $283
     Accounts payable                                    102,238
     Accrued expenses                                    109,901
     Accrued interest                                      3,844
     Restructuring reserve                                 1,764
     Liability for Warrants                                2,063
     Warranty Liability                                   19,651
          Total current liabilities                      239,744

Long-Term Debt                                           500,361
Noncurrent Retirement Obligations                        146,715
Other Noncurrent Liabilities                              85,590
Total liabilities                                        972,410
Total stockholders' equity                              (176,076)

                      Exide Technologies
                Unaudited Schedule of Cash Flows
                Three Months Ended March 31, 2006
                         (In Thousands)

Beginning Cash Balance                                    $5,238

Cash Receipts:
     Collection of accounts receivable                   285,743
     Proceeds from sale of Debtors' assets                     -
     All other cash receipts                              74,900
Total Cash Receipts                                      360,643

Cash Disbursements:
     Disbursements made under the Plan                     2,609
     Disbursements made to bankruptcy
      professionals                                        1,101
     All other disbursements made
      in the ordinary course                             358,757
Total Cash Disbursements                                 362,467
Ending Cash Balance                                       $3,414

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.  The Company filed for chapter 11
protection on Apr. 14, 2002 (Bankr. Del. Case No. 02-11125).
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, represented the Debtors in their successful restructuring.
Exide's confirmed chapter 11 Plan took effect on May 5, 2004.  On
April 14, 2002, the Debtors listed $2,073,238,000 in assets and
$2,524,448,000 in debts.  (Exide Bankruptcy News, Issue No. 91;
Bankruptcy Creditors' Service, Inc., 215/945-7000,

EXIDE TECHNOLOGIES: Files June 2006 Post-Confirmation Report

                      Exide Technologies
               Unaudited Condensed Balance Sheet
                        At June 30, 2006
                         (In Thousands)


Current Assets:
     Cash                                                 $2,306
     Accounts Receivables, net                           148,278
     Intercompany Receivables                                  -
     Inventories                                         159,644
     Prepaid expenses and other                           17,155
        Total current assets                             327,383
Property, Plant and Equipment, net                       257,458
Other Assets:
     Other Intangibles, net                               60,787
     Investments in affiliates                             3,486
     Intercompany notes receivable                       101,836
     Deferred financing costs                             10,992
     Other                                                 6,368
TOTAL ASSETS                                            $768,310

              Liabilities And Stockholders' Equity (Deficit)

Current Liabilities:
     Current maturities of long-term debt                   $144
     Accounts payable                                    100,158
     Accrued expenses                                     93,332
     Accrued interest                                     12,391
     Restructuring reserve                                 3,409
     Liability for Warrants                                1,250
     Warranty Liability                                   19,753
          Total current liabilities                      230,437

Long-Term Debt                                           502,761
Noncurrent Retirement Obligations                        146,715
Other Noncurrent Liabilities                              83,736
Total liabilities                                        963,649
Total stockholders' equity                              (195,339)

                      Exide Technologies
                Unaudited Schedule of Cash Flows
                Three Months Ended June 30, 2006
                         (In Thousands)

Beginning Cash Balance                                    $3,414

Cash Receipts:
     Collection of accounts receivable                   289,171
     Proceeds from sale of Debtors' assets                     -
     All other cash receipts                              62,700
Total Cash Receipts                                      351,871

Cash Disbursements:
     Disbursements made under the Plan                        -
     Disbursements made to bankruptcy
      professionals                                        1,012
     All other disbursements made
      in the ordinary course                             351,967
Total Cash Disbursements                                 352,979
Ending Cash Balance                                       $2,306

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.  The Company filed for chapter 11
protection on Apr. 14, 2002 (Bankr. Del. Case No. 02-11125).
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, represented the Debtors in their successful restructuring.
Exide's confirmed chapter 11 Plan took effect on May 5, 2004.  On
April 14, 2002, the Debtors listed $2,073,238,000 in assets and
$2,524,448,000 in debts.  (Exide Bankruptcy News, Issue No. 91;
Bankruptcy Creditors' Service, Inc., 215/945-7000,

MUSICLAND HOLDING: Files August 2006 Monthly Operating Report

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

Current Assets
   Cash                                             $24,651,000
   Inventories                                                0
      Amounts due from TransWorld                    13,270,000
      Receivables from Sub-leases                       637,000
      Amounts due from GOB sales                      1,781,000
      Miscellaneous CC                                   17,000
      Vendors Credit due from services                2,706,000
      Total                                          43,062,000
Other assets
   Transport Logistic deposit                           550,000
   Utility and Tax Deposits                              73,000
      TOTAL ASSETS                                  $43,685,000

Liabilities & Shareholders' deficit
Current liabilities
   Accounts payable
      Due to Transworld                                      $0
      Due to Deluxe                                           0
      A/P                                               122,000
   Other accrued liabilities
      Logistic Accrual                                  415,000
      Deferred Income                                   500,000
      Insurance Reserve                               3,380,000
      Accrued Payroll & Employee Benefits:
         Accrued Vacation                                71,000
         Accrued Severance                              200,000
         Accrued Employer Payroll Taxes                  14,000
         Accrued Benefits                             1,353,000
      Sales Tax                                         178,000
      5% Admin. Fee on Wachovia L/C                     250,000
      FY06 Tax Return & Employee Benefit
         Audit Services                                  62,000
      Payroll/W2 & 1099 System                           46,000
      Miscellaneous                                      29,000
   Gift Card liabilities                                      0
      Total                                           6,620,000
Liabilities subject to compromise                   330,330,000
Shareholders' deficit                              (293,265,000)
      SHAREHOLDERS' DEFICIT                         $43,685,000

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

Merchandise revenue                                           -
Non-merchandise revenue                                       -
   Net sales                                                  -

Cost of good sold                                             -
   Gross Profit                                               -

Store operating expenses
   Payroll                                             $140,000
   Occupancy                                             35,000
   Other                                                 56,000
      Store expenses                                          0
General & administrative                                231,000
EBITDA (Loss)                                          (231,000)
Hilco 340 Store GOB                                     264,000
Chapter 11 & related charges                           (790,000)
   Operating income (Loss)                             (757,000)
Interest income (expense)                               115,000
Other non-operating charges                           2,559,000
   Earnings before Taxes                             $1,917,000
Income tax                                                    0
   Net earnings (Loss)                               $1,917,000

                       Musicland Holding Corp.
                       Statements of Cash Flow
                 For the Month Ended August 31, 2006

Operating activities
   Net earnings (Loss)                               $1,917,000
   Adjustments to reconcile net earnings (loss)
      to net cash provided by (used in)
      operating activities:
         Loss on utility deposits write off              77,000
   Changes in operating assets & liabilities:
      Inventory                                               0
      Other current assets                             (355,000)
      Accounts payable                                 (892,000)
      Other accrued liabilities                      (1,174,000)
      Liabilities subject to compromise                       0
   Net cash provided by (used in)
      operating activities                             (427,000)
Investing activities
   Change in other long term asset/liabilities                -
   Retirement of fixed assets                                 -
   Net cash provided by (used in)
      investing activities                                    -
Financing activities
   Distribution to Secured Creditors                (25,183,000)
Increase (decrease) in cash                         (25,610,000)
   Cash at the beginning of Period                   50,260,000
   Cash at the end of Period                        $24,650,000

                    About Musicland Holding

Headquartered in New York, New York, Musicland Holding Corp., is
a specialty retailer of music, movies and entertainment-related
products in the United States, Puerto Rico and the Virgin
Islands.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than US$100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000)

PLIANT CORP: Files July 2006 Monthly Operating Report

                Pliant Corporation and Subsidiaries
                      Unaudited Balance Sheet
                        As of July 17, 2006

Current Assets:
   Cash and cash equivalents                        $30,196,000
      Trade accounts                                120,768,000
      Allowance for doubtful accounts                (4,409,000)
      Other                                           4,313,000
   Inventories                                      102,064,000
   Prepaid expenses and other                         5,370,000
   Income taxes receivable                            1,433,000
   Deferred income taxes                             11,348,000
         Total current assets                       271,083,000

Plant and Equipment
   Gross asset value                                534,541,000
   Less accumulated depreciation                   (266,201,000)
      Plant and equipment -- net                    268,340,000

Goodwill -- Net (of Prev Amort)                     182,281,000
Intangible Assets, net                               14,338,000
Investment in Subsidiaries                          (42,516,000)
Other Assets                                         25,141,000
Total Assets                                       $718,667,000

Current Liabilities:
   Trade accounts payable                           $59,334,000
   Accrued liabilities:
      Customer rebates                                5,053,000
      Interest payable                               26,728,000
      Other                                          46,994,000
   Current Portion of long-term debt                546,882,000
   Due to affiliates                                (71,092,000)
   Deferred income taxes                                      -
   Income taxes payable                                       -
         Total current liabilities                  613,899,000

Long-Term Debt, net of current portion
   Revolving Credit Facility                                  -
   DIP Credit Facility                                        -
   Sr. Subordinated Bonds, 13%                                -
   Sr. Secured Notes, 11-1/8%                       250,000,000
   Sr. Secured Notes Discount Notes, 11-1/8%          7,460,000
   Sr. Secured Notes, 11-5/8%                       287,003,000
   Other                                              4,592,000
   Reclassification                                (546,882,000)
         Total long-term debt,
           net of current portion                     2,173,000

Loans from Affiliates                                         -
Other Liabilities                                    30,749,000
Deferred Income Taxes                                28,381,000
Shares Subject to Mandatory Redemption                        -
Liabilities Subject to Compromise                   771,218,000
         Total Liabilities                       $1,446,420,000
Commitments and Contingencies:
   Restricted Common Stock,
     net of shareholder loans                        $6,645,000
   Redeemable Series B Preferred Stock                  102,000

Stockholders' Equity
   Common stock                                     104,983,000
   Additional Paid-in capital                        19,305,000
   Warrants                                          39,133,000
   Retained earnings                               (880,900,000)
   Stockholders' notes receivable                      (660,000)
   Other Comprehensive Income                       (16,361,000)
      Total Stockholders' Equity                   (734,500,000)
Total Liabilities and Stockholders' Equity         $718,667,000

                Pliant Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
                 For the period ended July 17, 2006

Net Sales                                          $597,455,000
Cost of Sales                                       526,604,000
   Gross Profit                                      70,851,000

Operating Expenses:
   Sales, General and Administrative                 35,373,000
   Research and Development                           4,921,000
   Restructuring and Other Costs                     65,637,000
      Total operating expenses                      105,931,000
Operating Income                                    (35,080,000)
Interest (Expense)                                   40,436,000
Other Income (Expense) -- Net                        (1,004,000)
Equity in Earnings of Subs                            2,874,000
   Income Before Income Taxes                      ($77,386,000)
Income Tax Expense (Benefit)                            698,000
Net Income Before Discontinued Operations           (78,084,000)
   Discontinued Operations                                    -
Net Income                                         ($78,084,000)

                Pliant Corporation and Subsidiaries
            Schedule of Cash Receipts and Disbursements
                 For the period ended July 17, 2006

      Total receipts                               $597,455,000
   Payroll                                           67,175,000
   Payroll benefits and taxes                        11,854,000
   Raw material                                     369,083,000
   Freight                                           21,226,000
   Packaging                                         19,000,000
   Utilities                                         13,436,000
   Other direct costs                                 6,839,000
   Administration and Selling                        19,740,000
   Other fixed costs                                 19,475,000
      Total disbursements                           547,829,000
      Cash from operating activities                 49,626,000

Working capital changes
   Working capital and other requirements             3,763,000

Capital expenditures and interest
   Capital expenditures                             (20,918,000)
   Repayment of capital leases                         (653,000)
   Cash interest                                         31,000
   Income Taxes                                          55,000
   Professional fees                                 (8,255,000)
   U.S. Trustee Fees                                    (42,000)
   Court costs                                                -
Net cash flow                                        23,606,000

Cash Beginning of Year                                6,910,000
   Net cash flow                                     23,606,000
   Intercompany transfer                               (320,000)
Cash End of Month                                   $30,196,000

Headquartered in Schaumburg, Illinois, Pliant Corporation -- produces value-added film and
flexible packaging products for personal care, medical, food,
industrial and agricultural markets.  The Debtor and 10 of its
affiliates filed for chapter 11 protection on Jan. 3, 2006
(Bankr. D. Del. Lead Case No. 06-10001).  James F. Conlan, Esq.,
at Sidley Austin LLP, and Edmon L. Morton, Esq., and Robert S.
Brady, Esq., at Young, Conaway, Stargatt & Taylor, represent the
Debtors in their restructuring efforts.  The Debtors tapped
McMillan Binch Mendelsohn LLP, as their Canadian bankruptcy
counsel.   The Ontario Superior Court of Justice named RSM
Richter, Inc., as the Debtors' information officer in their
restructuring proceeding under Companies Creditors Arrangement Act
in Canada.  Kenneth A. Rosen, Esq., at Lowenstein Sandler, P.C.,
serves as counsel to the Official Committee of Unsecured
Creditors.  Don A. Beskrone, Esq., at Ashby & Geddes, P.A., is
local counsel to the Creditors' Committee.  As of Sept. 30, 2005,
the company had $604,275,000 in total assets and $1,197,438,000 in
total debts.  The Debtors emerged from chapter 11 protection on
July 19, 2006 (Pliant Bankruptcy News, Issue No. 23; Bankruptcy
Creditors' Service, Inc.,

WERNER LADDER: Files August 2006 Monthly Operating Report

        Werner Holding Co. (PA), Inc., and Subsidiaries
             Unaudited Consolidated Balance Sheet
                   As of August 31, 2006

Current Assets:
Cash and cash equivalents                           $25,916,000
Receivables, net                                     71,256,000
Income taxes receivable (payable)                       940,000
Inventories, net                                     64,564,000
Prepaid insurance and other                          11,923,000
Total current assets                                174,599,000

Property, plant & equipment, net                     75,966,000

Other Assets:
Deferred financing fess, net                         10,845,000
Investment in subsidiaries                                    -
Other noncurrent assets                               7,578,000
Total other assets                                   18,423,000

TOTAL ASSETS                                       $268,988,000

Current Liabilities:
Accounts payable                                    $18,152,000
Accrued liabilities                                  29,461,000
Intercompany payable (receivables)                            -
First lien revolving credit facility                 39,029,000
Current maturities of long-term debt                182,089,000
Total current liabilities                           268,731,000

Long-Term Liabilities:
Long-term debt                                       89,618,000
Reserve for product liability and
   workers' compensation claims                       5,985,000
Other long-term obligations                           2,477,000
Liabilities subject to compromise                   220,924,000
Total Liabilities                                   587,735,000

Convertible preferred stock                          99,160,000

Shareholders' Deficit:
Common stock                                              1,000
Additional paid-in-capital                           18,449,000
Retained earnings (deficit)                        (422,523,000)
Accumulated other comprehensive income (loss)       (13,628,000)
N/R arising from stock loan plan                       (206,000)
Total Shareholders' Deficit                        (417,907,000)

        Werner Holding Co. (PA), Inc., and Subsidiaries
        Unaudited Consolidated Statement of Operations
                      August 1 to 31, 2006

Net sales                                           $34,468,000
Total cost of sales                                  27,867,000
Gross profit                                          6,601,000

Total operating expenses                             10,293,000

Operating income (loss)                              (3,692,000)
Equity in net income (loss) of subsidiaries                   -
Other income (expense), net                             (33,000)
Income (loss) before interest,
   reorganization items and taxes                    (3,725,000)

Reorganization items, net                            (3,312,000)
Interest (loss) before interest and taxes            (7,037,000)

Inter-company interest expense                                -
Interest expense                                      3,634,000
Income (loss) before income taxes                   (10,671,000)

Provision (benefit) for income taxes                   (322,000)
Net Income (Loss)                                  ($10,349,000)

        Werner Holding Co. (PA), Inc., and Subsidiaries
        Unaudited Consolidated Statement of Cash Flows
                     August 1 to 31, 2006

Cash flows provided (used) by
   operating activities                            ($13,139,000)

Cash Flows From Investing Activities:
Capital expenditures, net                              (506,000)
Proceeds from sale of property                                -
Net cash used in investing activities                  (506,000)

Cash Flows From Financing Activities:
Borrowings of long-term debt                                  -
Repayments of long-term debt                                  -
Capital lease payments                                 (351,000)
Net borrowings under first lien revolving
   credit facility                                   12,000,000
Debt issuance costs                                     (34,000)
Net cash provided (used) by financing activities     11,615,000
Net increase (decrease) in cash and equivalents      (2,030,000)

Cash and equivalents at August 1, 2006               27,946,000
Cash and equivalents at August 31, 2006             $25,916,000

                      About Werner Ladder

Headquartered in Greenville, Pennsylvania, Werner Co. -- manufactures and distributes   
ladders, climbing equipment and ladder accessories.  The company
and three of its affiliates filed for chapter 11 protection on
June 12, 2006 (Bankr. D. Del. Case No. 06-10578).

The firm of Willkie Farr & Gallagher LLP serves as the Debtors'
counsel.  Kara Hammond Coyle, Esq., Matthew Barry Lunn, Esq., and
Robert S. Brady, Esq., Young, Conaway, Stargatt & Taylor, LLP,
represents the Debtors as its co-counsel.  The Debtors have
retained Rothschild Inc. as their financial advisor.  Greenberg
Traurig LLP is counsel to the Official Committee of Unsecured
Creditors.  Jefferies & Co serves as the Committee's financial

At March 31, 2006, the Debtors reported total assets of
$201,042,000 and total debts of $473,447,000.  (Werner Ladder
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,
Inc., 215/945-7000)

WINN-DIXIE: Files August 2006 Monthly Operating Report

                  Winn-Dixie Stores, Inc., et al.
               Unaudited Consolidated Balance Sheet
                      At August 23, 2006
                       (In Thousands)

Current assets:
Cash and cash equivalents                               $257,561
Marketable securities                                     14,446
Trade and other receivables, net                         134,954
Insurance claims receivable                               27,434
Income tax receivable                                     30,382
Merchandise inventories, net                             451,638
Prepaid expenses and other current assets                 36,254
Assets held for sale                                       2,887
Total current assets                                     955,556
Property, plant and equipment, net                       489,575
Other assets, net                                         97,594
Total assets                                          $1,542,725


Current liabilities:
Current borrowings under DIP Credit Facility             $40,000
Current portion of long-term debt                            235
Current obligations under capital leases                   3,592
Accounts payable                                         206,659
Reserve for self-insurance liabilities                    75,844
Accrued wages and salaries                                85,760
Accrued rent                                              47,664
Accrued expenses                                          95,921
Total current liabilities                                555,675
Reserve for self-insurance liabilities                   151,521
Long-term debt                                               123
Obligations under capital leases                           4,918
Other liabilities                                          9,519
Total liabilities not subject to compromise              721,756
Liabilities subject to compromise                      1,121,686
Total liabilities                                      1,843,442

Shareholders' deficit:
Common stock                                             141,858
Additional paid-in-capital                                35,993
Accumulated deficit                                     (458,185)
Accumulated other comprehensive loss                     (20,383)
Total shareholders' deficit                             (300,717)
Total liabilities and shareholders' deficit           $1,542,725

                  Winn-Dixie Stores, Inc., et al.
         Unaudited Consolidated Statement of Operations
                 Four Weeks Ended August 23, 2006
                       (In Thousands)

Net sales                                               $527,774
Cost of sales, net                                       391,003
Gross profit on sales                                    136,771
Other operating and administrative expenses              153,340
Restructuring loss                                           565
Operating loss                                           (17,134)
Interest expense, net                                        816
Loss before reorganization items and income taxes        (17,950)
Reorganization items, net expense                          2,624
Income tax expense                                             0
Net loss from continuing operations                      (20,574)

Discontinued operations:
Loss from discontinued operations                         (1,537)
Gain on disposal of discontinued operations               19,631
Income tax expense                                             0
Net gain from discontinued operations                     18,094
Net loss                                                 ($2,480)

                  Winn-Dixie Stores, Inc., et al.
         Unaudited Consolidated Statement of Cash Flows
                 Four Weeks Ended August 23, 2006
                       (In Thousands)

Cash flows from operating activities:
Net loss                                                 ($2,480)
Adjustments to reconcile net loss to
  net cash provided by operating activities:
Gain on sales of assets, net                             (35,585)
Reorganization items, net                                  2,624
Depreciation and amortization                              7,430
Stock compensation plans                                     558
Change in operating assets and liabilities:
Trade and other receivables                               22,646
Merchandise inventories                                   19,681
Prepaid expenses and other current assets                    102
Accounts payable                                          (2,990)
Reserve for self-insurance liabilities                       248
Lease liability on closed facilities                      13,148
Income taxes receivable                                       51
Defined benefit plan                                        (273)
Other accrued expenses                                     2,146
Net cash provided by operating activities
  before reorganization items                             27,306
Cash effect of reorganization items                       (4,198)
Net cash provided by operating activities                 23,108

Cash flows from investing activities:
Purchases of property, plant and equipment                (3,479)
Increase in investments and other assets                  (2,219)
Proceeds from sales of assets                             46,059
Purchases of marketable securities                          (595)
Sales of marketable securities                               240
Other                                                        512
Net cash provided by investing activities                 40,518

Cash flows from financing activities:
Gross borrowings on DIP Credit Facility                    1,502
Gross payments on DIP Credit Facility                     (1,767)
Principal payments on capital
  lease obligations                                         (128)
Principal payments on long-term debt                         (20)
Debt issuance costs                                         (114)
Other                                                         98
Net cash used in financing activities                       (429)

Increase in cash and cash equivalents                     63,197
Cash and cash equivalents at
  beginning of period                                    194,364
Cash and cash equivalents at end of period              $257,561

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc.
-- is one of the nation's largest
food retailers.  The Company operates 527 stores in Florida,
Alabama, Louisiana, Georgia, and Mississippi.  The Company,
along with 23 of its U.S. subsidiaries, filed for chapter 11
protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063,
transferred Apr. 14, 2005, to Bankr. M.D. Fla. Case Nos.
05-03817 through 05-03840).  D.J. Baker, Esq., at Skadden
Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders,
Esq., and Brian C. Walsh, Esq., at King & Spalding LLP,
represent the Debtors in their restructuring efforts.
Paul P. Huffard at The Blackstone Group, LP, gives
financial advisory services to the Debtors.  Dennis F. Dunne,
Esq., at Milbank, Tweed, Hadley & McCloy, LLP, and John B.
Macdonald, Esq., at Akerman Senterfitt give legal advice to the
Official Committee of Unsecured Creditors.  Houlihan Lokey &
Zukin Capital gives financial advisory services to the
Committee.  When the Debtors filed for protection from their
creditors, they listed $2,235,557,000 in total assets and
$1,870,785,000 in total debts.  (Winn-Dixie Bankruptcy News,
Issue No. 53; 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.  Marie
Therese V. Profetana, Shimero Jainga, Joel Anthony G. Lopez,
Melvin C. Tabao, Robert Max Quiblat, Rizande B. Delos Santos,
Cherry A. Soriano-Baaclo, Christian Q. Salta, Jason A. Nieva,
Lucilo M. Pinili, Jr., Tara Marie A. Martin and Peter A. Chapman,

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

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

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

                    *** End of Transmission ***