TCR_Public/080216.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, February 16, 2008, Vol. 12, No. 40

                             Headlines



AMERICAN HOME: Incurs $42,744,477 Net Loss in October 2007
AMERICAN HOME: AHMC Files Operating Report for October 2007
AMERICAN LAFRANCE: Files Schedules of Assets and Liabilities
BAYOU GROUP: Incurs $394,464 Net Loss in Month Ended Nov. 30, 2007
BAYOU GROUP: Earns $333,668 in Month Ended December 31, 2007

COMPLETE RETREATS: Reports October 2007 Monthly Operating Report
COMPLETE RETREATS: Reports November 2007 Monthly Operating Report
COMPLETE RETREATS: Reports December 2007 Monthly Operating Report
DELTA FINANCIAL: Files December 17 to 31, 2007 Operating Report
DURA AUTOMOTIVE: Posts $24,123,000 Net Loss in December 2007

FEDERAL-MOGUL: Reports December 2007 Earnings of $154.5 Million
FOXTONS NORTH: Posts $342,777 Net Loss in December 2007
JOHNSON RUBBER: Posts December 2007 Monthly Net Loss of $1,203,491
MONITOR OIL: Reports December 31, 2007 Net Loss of $6,968,000
MORTGAGE LENDERS: Posts December 2007 Net Loss of $1,238,534

MOVIE GALLERY: Earns $12,673,000 for Month Ended January 6, 2008
NATIONAL EASTERN: Files November 2007 Monthly Operating Report
PACIFIC LUMBER: Scotia Dev't Files December 2007 Monthly Report
PACIFIC LUMBER: Scotia Pacific Files December 2007 Monthly Report
PERFORMANCE TRANS: Logistics Submits December 2007 Monthly Report

PERFORMANCE TRANS: Trustee Submits PTS' October 2007 Report
PERFORMANCE TRANS: Trustee Submits PTS' November 2007 Report
PERFORMANCE TRANS: Trustee Submits PTS' December 2007 Report
REFCO LLC: Trustee Files December 2007 Monthly Operating Report
REUNION INDUSTRIES: Posts $250,000 Net Loss in December 2007

SEA CONTAINERS: Posts $227,425 Earnings in Month Ended December 31
TWEETER HOME: Earns $35,533,219 in Month Ended July 31, 2007
VICTORY MEMORIAL: Files December 2007 Monthly Operating Report




                             *********

AMERICAN HOME: Incurs $42,744,477 Net Loss in October 2007
----------------------------------------------------------

             American Home Mortgage Investment Corp.
                Statement of Financial Condition
                     As of October 31, 2007

Assets:
   Cash and cash equivalents                             $29,134
   Restricted cash                                   150,799,967
   Accounts receivable                                 7,409,757
   Intercompany receivable                         1,322,419,566
   Securities                                      1,330,333,272
   Derivative assets                                           5
   Investment in subsidiaries                       (929,830,844)
   Other assets                                            9,896
                                                    ------------
      Total Assets                                $1,881,170,753
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Reverse repurchase agreements                 $817,033,016
      Junior subordinated note                       180,416,000
      Derivative liabilities                          51,636,422
      Accrued expenses & other liabilities           563,534,697
      Intercompany payable                           572,814,990
                                                    ------------
         Total Liabilities                         2,185,435,125

   Stockholders' Equity
      Preferred stock - Series A                      50,856,875
      Preferred stock - Series B                      83,183,125
      Common Stock                                       543,074
      Additional paid-in capital                   1,057,864,155
      Retained earnings                           (1,496,711,601)
                                                   ------------
         Total Stockholders' Equity                 (304,264,372)
                                                    ------------
Total Liabilities & Stockholders' Equity          $1,881,170,753
                                                    ============


             American Home Mortgage Investment Corp.
                       Statement of Income
                  Month Ended October 31, 2007

Net Interest Income:
   Interest income                                   $10,933,025
   Interest expense                                          896
                                                    ------------
      Net interest income                             10,933,921

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision             10,933,921
        for loan losses

Non-Interest Income:
   Gain (loss) on mortgage loans                               -
   Loss on securities and derivatives                 (5,957,987)
   Loss from Subsidiaries                            (47,720,411)
   Other non-interest income                                   -
                                                    ------------
      Non-interest income                            (53,678,398)

Other
   Data processing and communications                          -
   Other expenses                                              -
                                                    ------------
      Total expenses                                           0

Loss before income taxes                             (42,744,477)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($42,744,477)
                                                    ============


             American Home Mortgage Investment Corp.
           Schedule of Cash Receipts and Disbursements
                  Month Ended October 31, 2007

Cash - Beginning of Month, 10/01/2007               $150,829,101

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                           -

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                              -
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                                      -
                                                    ------------
      Net Cash Flow                                            -
                                                    ------------
Cash - End of Month - 10/31/07                      $150,829,101
                                                    ============

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a mortgage
real estate investment trust engaged in the business of investing
in mortgage-backed securities and mortgage loans resulting from
the securitization of residential mortgage loans originated and
serviced by its subsidiaries.

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan was extended to March 3, 2008.  (American Home
Bankruptcy News, Issue No. 26, Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMC Files Operating Report for October 2007
-----------------------------------------------------------

                  American Home Mortgage Corp.
                Statement of Financial Condition
                     As of October 31, 2007

Assets:
   Cash and cash equivalents                         $24,549,680
   Restricted cash                                    12,536,255
   Accounts receivable                                34,121,530
   Intercompany receivable                           715,600,990
   Mortgage loans                                  1,953,056,741
   Derivative assets                                     743,601
   Mortgage servicing rights                         382,972,144
   Other real estate, net                             43,940,731
   Premises and equipment, net                        30,095,864
   Investment in subsidiaries                         71,635,637
   Other assets                                       28,128,176
                                                   -------------
      Total Assets                                $3,297,381,349
                                                   =============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                   $2,052,937,487
      Derivative liabilities                          10,481,560
      Accrued expenses & other liabilities           109,100,458
      Intercompany payable                         1,425,206,871

      Notes payable                                  418,979,350
      Income taxes payable                               567,001
                                                   -------------
         Total Liabilities                         4,017,272,727

   Stockholders' Equity
      Additional paid-in capital                     153,195,272
      Retained earnings                             (873,086,650)
                                                   -------------
         Total Stockholders' Equity                 (719,891,378)
                                                   -------------
Total Liabilities & Stockholders' Equity          $3,297,381,349
                                                   =============


                  American Home Mortgage Corp.
                       Statement of Income
                  Month Ended October 31, 2007

Net Interest Income:
   Interest income                                   $15,309,712
   Interest expense                                            -
                                                    ------------
      Net interest income                             15,309,712

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision             15,309,712
        for loan losses

Non-Interest Income:
   Loss on mortgage loans                               (424,047)
   Loan servicing fees                                 9,838,995
   Changes in fair value of MSR                          262,811
   Income from subsidiaries                           (2,934,654)
   Other non-interest income                             271,552
                                                    ------------
      Non-interest income                              7,014,657

Expenses
   Salaries, commissions & benefits, net               4,141,686
   Occupancy and equipment                             2,240,014
   Data processing and communications                  1,524,821
   Office supplies and expenses                          198,997
   Marketing and promotion                                55,025
   Travel and entertainment                               57,008
   Professional fees                                   4,197,201
   Other real estate operating expense                 1,949,552
   Other                                                 107,147
                                                    ------------
      Total expenses                                  14,471,451

Loss before income taxes                               7,852,918
Income taxes                                                   -
                                                    ------------
Net loss                                              $7,852,918
                                                    ============


                  American Home Mortgage Corp.
           Schedule of Cash Receipts and Disbursements
                  Month Ended October 31, 2007

Cash - Beginning of Month, 10/01/2007                $42,243,115

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                       $169,709
   Loans and advances                                 10,554,327
   Administrative                                              -
   Net payroll                                           155,711
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                  10,879,747

Disbursements:
   Net payroll                                        $4,878,223
   Payroll taxes                                         210,710
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                     10,947,993
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                             16,036,926
                                                    ------------
      Net Cash Flow                                   (5,157,180)
                                                    ------------
Cash - End of Month - 10/31/07                       $37,085,935
                                                    ============

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a mortgage
real estate investment trust engaged in the business of investing
in mortgage-backed securities and mortgage loans resulting from
the securitization of residential mortgage loans originated and
serviced by its subsidiaries.

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan was extended to March 3, 2008.  (American Home
Bankruptcy News, Issue No. 26, Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN LAFRANCE: Files Schedules of Assets and Liabilities
------------------------------------------------------------
American LaFrance LLC filed its schedules of assets and
liabilities with the U.S. Bankruptcy Court for the District of
Delaware.

A.   Real Property
      Lebanon Facility                                   Unknown
      Sanford Facility                                   Unknown
B.   Personal Property
B.1  Cash on hand
      Petty Cash                                          $4,600
B.2  Bank Accounts
      American LaFrance LLC Acct. No. 5968             2,212,000
      American LaFrance LLC Acct. No. 3578            24,717,249
      American LaFrance LLC Acct. No. 5145               208,761
      American LaFrance LLC Acct. No. 2316               145,946
      Wachovia Bank Disbursements Acct. No. 2919       4,000,000
      American LaFrance Northwest LLC                     67,128
B.3  Security Deposit
      ALF LA                                              15,000
      Jedburg (Old) Facility                             121,000
      Computers Lessor: Varilease Finance, Inc.           62,260
      Ephrata Facility Lessor: Zimco                      45,262
      Premier Logistic Solutions                           7,500
      Berkeley Electric Cooperative                      100,025
      PP&L Electric Utilities                             20,500
      Berkeley Security Deposit                          600,000
B.4  Household goods                                           0
B.5  Book, artwork and collectibles
      1858 Button & Blake Hand pumper                    104,000
      1886 Silsby Thomas Manning Steam Fire Engine
       w/ LaFrance Boiler                                260,000
      1904 American LaFrance Cosmopolitan Steamer        195,000
      1912 American LaFrance Metropolitan Steamer        234,000
      1911 American LaFrance Type 8 Roadster 2 seater    500,000
      1911 American LaFrance Type 5 Double Tank Combo    195,000
      1914 American LaFrance Type 12 Pumper              162,500
      1919 American LaFrance Ford Model T Chemical        65,000
      1920 American LaFrance Type 40 Pumper              162,500
      1920 American LaFrance Type 75 Pumper              195,000
      1923 Green Commercial Cab Chassis Type 5R          130,000
      1926 American LaFrance Type 75 Triple Combo        156,000
      1929 American LaFrance Service Truck               136,500
      1931 American LaFrance Type 191 Pumper             143,000
      1932 Tyre 235 Pumper                                10,400
      1935 American LaFrance 400 Series Pumper           227,500
      1940 American LaFrance 500 Series 575 CC Pumper    149,500
      1956 American LaFrance 700 Series Pumper            32,500
      1958 GMC Snorkel Number 1                          130,000
      1969 American LaFrance Dominion 900 Series          32,500
      1992 American LaFrance Pariot Pumper Prototype     Unknown
      Original artwork of old fire vehicles              Unknown
B.6  Wearing apparel                                           0
B.7  Furs and jewelry                                          0
B.8  Firearms and other equipment                              0
B.9  Insurance Policies
      Prepaid Insurance                                  688,000
B.10 Annuities                                                 0
B.11 Interests in an education IRA                             0
B.12 Interests in pension plans                                0
B.13 Stock and Interests
B.14 Interests in partnerships & joint venture                 0
B.15 Government and corporate bonds                            0
B.16 Accounts Receivable
      Net of customer returns, price adjustments
      and other credits                               18,750,000
B.17 Alimony                                                   0
B.18 Other Liquidated Debts Owing Debtor                       0
B.19 Equitable or future interests                             0
B.20 Interests in estate death benefit plan                    0
B.21 Other Contingent and Unliquidated Claims
      Freightliner, LLC                                  Unknown
      IBM Corporation                                    Unknown
      Various officers, employees, service providers     Unknown
B.22 Patents                                             Unknown
B.23 Licenses, franchises & other intangibles
      Microsoft Corporation Licenses                     200,000
      Others                                             Unknown
B.24 Customer lists or other compilations                      0
B.25 Vehicles
      2006 Chrysler 300 Touring                           25,587
      2000 Ford F550                                      45,554
      1997 Jeep Cherokee                                   2,525
      2004 Chrysler Pacifica                              28,928
      2004 Nissan Altima                                  22,762
      2005 Jeep Cherokee - Key Largo, Florida             27,552
      2005 Jeep Cherokee - Jacksonville, Florida          27,713
      2004 Dodge R15                                      28,171
      2003 Ford Taurus                                    12,280
      2005 Dodge Ram 100                                  24,401
      2002 Jeep Cherokee                                  29,975
      2003 Lexus RX300                                    35,000
      2002 FTL Sprinter                                   24,959
      2003 FTL Sprinter                                   32,305
      2006 Mercedes C230                                  31,917
      2005 Dodge Grand Caravan                            27,440
      1999 FTL Sprinter                                   32,284
      2005 Jeep Cherokee                                  27,552
      Others                                             729,178
B.26 Boats, motors and accessories
      Boat used for demos                                Unknown
B.27 Aircraft and accessories                                  0
B.28 Office Equipment
      Office Equipment                                 1,193,854
      Computer Equipment                               1,322,935
      Communications Equipment                           155,490
      Software                                        13,676,048
B.29 Equipment and Supplies for Business
      Factory Equipment                                3,845,645
      Vehicles - Reclass of used truck to
      fixed assets                                        43,415
B.30 Inventory                                       100,000,000
      Raw Material: $35,661,000
      WIP: $45,824,000
      Finished Goods: $1,500,000
      Used: $6,043,000
      Other: $15,972,000
      Reserve for excess obsolescense: ($5,000,000)
B.31 Animals                                                   0
B.32 Crops                                                     0
B.33 Farming equipment and implements                          0
B.34 Farm supplies, chemicals and feed                         0
B.35 Other Personal Property
      Land Improvements                                   14,600
      Buildings on Not Owned Land                          6,824
      Leasehold Improvements                           1,201,655
      Construction in Progress                         9,800,000
      Prepaid Software Support - Oracle Corporation      128,000
      Prepaid Parts                                    1,200,000

       TOTAL SCHEDULED ASSETS                       $188,990,680
       =========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims
      ACE-USA                                         $1,733,738
      ENAP Grupo De Empresas                                   0
      Jedburg Industrial Properties                      Unknown
      National City                                            0
      Patriarch Partners Agency Services                       0
      Traveler's Casualty & Surety                     2,047,248
      Varilease                                                0

E.   Creditors Holding Unsecured Priority Claims
      Various Employees                                1,455,334
      City of Sanford Licensing Division                     105
      Commonwealth of Pennsylvania                           786
      County of Seminole, Florida                         20,821
       Lancaster Chamber of Comm                           1,353
       NYS Corporation Tax Processing Unit               465,800
       PA Chamber of Bus. & Ind.                           1,346
       South Carolina Coordinating Council                   500
       South Carolina Dept of Health & Env                   500
       Treasurer, State of Maine                           2,751
       Wiscounsin Department of Revenue                   12,000
       Others                                              1,300

F.   Creditors Holding Unsecured Non-priority Claims
      Trade Payable:
      A & A Manufacturing Co. Inc.                         3,295
      A&R Metal Industries Ltd.                            9,433
      A-Z Advertising Specialti                            2,054
      A-Z Coatings                                         1,332
      A.C. P.A.                                            7,250
      A.H. Stock Manufacturing Corp.                      38,616
      A.O.K. Tire Mart                                     1,836
      AAP Inc.                                             2,031
      Able Manufacturing & Assembly LLC                   38,692
      Abrasive-Tool Corporation                            2,861
      ACC Business                                        13,646
      Zuken USA Inc.                                      54,500
      ZF Commercial Suspension Systems                    52,100
      ZF Zachz Suspension Mexico, S.A. de C.V.            33,236
      Yeager Supply                                       32,483
      WW Williams Department                              33,799
      Will-Burt Company                                  104,267
      Whelen Engineerin Company                          103,485
      Weldon Technologies Inc.                           128,202
      Weaver Fluid Power                                  30,460
      Waterous Company Arizona Operations                 37,067
      Waterous Company - Chicago                          84,592
      Warwick Machine & Tool Co. Inc.                    111,172
      Warranty Claims                                  7,105,000
      Volt Management Corp                                36,586
      Ventura County Fire Protection                     617,870
      Ventura County Fiscal Service                      569,520
      Varilease Finance Inc.                              65,792
      United Plastic Fabricating Inc.                    233,820
      Underwriters Laboratories Inc.                     127,996
      Tusco Display                                      119,607
      Tube Specialties Co. Inc.                           88,811
      TRW Inc. Ross Gear                                 300,577
      The Village of Pomeroy                             156,445
      Superior Cam Inc.                                  323,933
      Strategic Equipment & Supply Corp.                 183,070
      Southwest Emergency Response Team                  273,088
      Sanborn Fire Company                               198,756
      Sanborn                                            355,057
      Ryerson Joseph T & Son Inc.-Atlanta                399,801
      Ryerson Joseph T & Son Inc.-Chicago                280,375
      Others                                          70,958,944

       TOTAL SCHEDULED LIABILITIES                   $89,065,038
       =========================================================

Headquartered in Summerville, South Carolina, American LaFrance
LLC --  http://www.americanlafrance.com/-- is one of the oldest
fire apparatus manufacturers and one of the top six suppliers of
emergency vehicles in North America.  Thee company filed for
Chapter 11 protection on Jan. 28, 2008 (Bankr. D. Del. Case No.
08-10178).  Ian T. Peck, Esq., and Abigail W. Ottmers, Esq., at
Haynes and Boone LLP, is the Debtor's proposed Lead Counsel.
Christopher A. Ward, Esq., at Klehr, Harrison, Harvey, Branzburg &
Ellers LLP, is the Debtor's proposed local counsel.  Kurtzman
Carson Consultants LLC serves as the Debtor's claims, noticing and
balloting agent.  The Debtor's exclusive period to file a plan
expires on May 27, 2008. (American LaFrance Bankruptcy News, Issue
No. 3; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or  215/945-7000).


BAYOU GROUP: Incurs $394,464 Net Loss in Month Ended Nov. 30, 2007
------------------------------------------------------------------
Bayou Group LLC and its debtor-affiliates submitted to the U.S.
Bankruptcy Court for the Southern District of New York their
monthly operating report for the period Nov. 1, 2007, through
Nov. 30, 2007.

For the month, the Debtors generated total revenues of $590,000
and incurred a net loss of $394,464.

As of Nov. 30, 2007*, the Debtors' consolidated balance sheet
showed total assets of $122,590,427, total postpetition
liabilities of $4,530,792, total prepetition liabilities --
unsecured claims -- of $244,000,000, and net owners equity deficit
of $125,940,365.

The Debtors had $22,590,427 in unrestricted cash and cash
equivalents and $100,000,000 other current assets for litigation
claims at Nov. 30, 2007*.

The Debtors had an opening cash balance at Nov. 1, 2007**, of
$21,913,369 and an ending cash balance at Nov. 30, 2007*, of
$22,590,427.

* The document delivered to the Court for Bayou Group LLC, et al.,
Consolidated November 2007 Monthly Operating Report, the date
stated was
Oct. 31, 2007.

** The document delivered to the Court for Bayou Group LLC, et
al., Consolidated November 2007 Monthly Operating Report, the date
stated was Oct. 1, 2007.

                       About Bayou Group

Based in Chicago, Illinois, Bayou Group LLC operates and manages
hedge funds.  The company and its affiliates filed for chapter 11
protection on May 30, 2006 (Bankr. S.D.N.Y. Case No. 06-22306) in
order to pursue recoveries for the benefit of defrauded investors.

Bayou also filed lawsuits against former investors who allegedly
received fictitious profits and an inequitably large return of
their principal investments.  Jeff J. Marwil at Jenner & Block was
appointed on April 28, 2006 as the federal equity receiver.

Elise Scherr Frejka, Esq., at Dechert LLP, represents the Debtors
in their restructuring efforts.  Joseph A. Gershman, Esq., and
Robert M. Novick, Esq., at Kasowitz, Benson, Torres & Friedman,
LLP, represents the Official Committee of Unsecured Creditors.
Kasowitz, Benson, Torres & Friedman LLP is counsel to the
Unofficial Committee of the Bayou Onshore Funds.  Sonnenschein
Nath & Rosenthal LLP represents the Sonnenschein Investors.  When
the Debtors filed for protection from their creditors, they
estimated assets and debts of more than $100 million.  Bayou Group
LLC's schedules showed total assets of $40,219 and total
liabilities of $250,000, while its debtor-affiliates' schedules
show zero assets and liabilities aggregating about $2.3 million.


BAYOU GROUP: Earns $333,668 in Month Ended December 31, 2007
------------------------------------------------------------
Bayou Group LLC and its debtor-affiliates submitted to the U.S.
Bankruptcy Court for the Southern District of New York their
monthly operating report for December 2007.

For the month, the Debtors generated total revenues of $509,269
and incurred a net profit of $333,668.

As of Dec. 31, 2007, the Debtors' consolidated balance sheet
showed total assets of $120,429,889, total postpetition
liabilities of $2,016,589, total prepetition liabilities --
unsecured claims -- of $244,000,000, and net owners equity deficit
of $125,586,700.

The Debtors had $20,429,889 in unrestricted cash and cash
equivalents and $100,000,000 other current assets for litigation
claims at Dec. 31, 2007*.

The Debtors had an opening cash balance at Dec. 1, 2007, of
$22,590,427 and an ending cash balance at Dec. 31, 2007, of
$20,429,888.

                       About Bayou Group

Based in Chicago, Illinois, Bayou Group LLC operates and manages
hedge funds.  The company and its affiliates filed for chapter 11
protection on May 30, 2006 (Bankr. S.D.N.Y. Case No. 06-22306) in
order to pursue recoveries for the benefit of defrauded investors.

Bayou also filed lawsuits against former investors who allegedly
received fictitious profits and an inequitably large return of
their principal investments.  Jeff J. Marwil at Jenner & Block was
appointed on April 28, 2006 as the federal equity receiver.

Elise Scherr Frejka, Esq., at Dechert LLP, represents the Debtors
in their restructuring efforts.  Joseph A. Gershman, Esq., and
Robert M. Novick, Esq., at Kasowitz, Benson, Torres & Friedman,
LLP, represents the Official Committee of Unsecured Creditors.
Kasowitz, Benson, Torres & Friedman LLP is counsel to the
Unofficial Committee of the Bayou Onshore Funds.  Sonnenschein
Nath & Rosenthal LLP represents the Sonnenschein Investors.  When
the Debtors filed for protection from their creditors, they
estimated assets and debts of more than $100 million.  Bayou Group
LLC's schedules showed total assets of $40,219 and total
liabilities of $250,000, while its debtor-affiliates' schedules
show zero assets and liabilities aggregating about $2.3 million.


COMPLETE RETREATS: Reports October 2007 Monthly Operating Report
----------------------------------------------------------------
In lieu of the October 2007 Monthly Operating Reports, Complete
Retreats LLC and its debtor-affiliates delivered to the U.S.
Bankruptcy Court for the District of Connecticut a summary of
minimal activity.

As of Oct. 31, 2007, the remaining assets of the Debtors consist
of cash, certain fractional interests, three vacant lots located
in the Bahamas, and two units in Rhode Island.

The four finished homes in the Bahamas were sold to Ultimate
Resort in October 2007, resulting in net proceeds of $5,093,700,
being paid to the Debtors on October 15, 2007.

The Debtors' cash balance, as of Oct. 31, 2007, was $1,727,468,
comprising of $1,402,827, reflected in certain bank statements,
and $324,640, in a Certificate of Deposit.

As of Oct. 31, 2007, the Debtors' cash inflows are derived from
rents received from the four homes located in the Bahamas and the
proceeds from the sale from these homes on Oct. 15, 2007.  There
were no cash inflows received from the two Rhode Island properties
or the three Bahamian vacant lots.  The outflows relate to various
operating expenses that are associated with those properties.

The estimated value of the remaining assets aggregate $9,350,000:

   Property                             Est. Value
   --------                             ----------
   Bahamas Lots #1, #2 and #3           $7,000,000
   Rhode Island Property #1                900,000
   Rhode Island Property #2              1,200,000
   Fractional Interests                    250,000
                                        ----------
   Total                                $9,350,000
                                        ==========

The Debtors' estimated postpetition liabilities include about
$6,000,000 in anticipated unpaid professional fees.  The Debtors'
do not believe any secured claims remain.  The priority claims
against the Debtors' estates relate primarily to alleged unpaid
taxes in an amount subject to determination.

                      About Complete Retreats

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.
Michael J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  The Court confirmed the Debtor's plan on Nov. 30,
2007.  (Complete Retreats Bankruptcy News, Issue No. 41;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


COMPLETE RETREATS: Reports November 2007 Monthly Operating Report
-----------------------------------------------------------------
In lieu of the November 2007 Monthly Operating Reports, Complete
Retreats LLC and its debtor-affiliates delivered to the United
States Bankruptcy Court for the District of Connecticut a summary
of minimal activity.

The Debtors' cash balance, as of November 30, 2007, was
$1,500,549, of which $1,175,908 was reflected in certain bank
statements and $324,640 is noted in a Certificate of Deposit.

As of November 30, 2007, no cash inflows were received from the
Debtors' two Rhode Island properties or three Bahamian vacant
lots.

As of November 30, 2007, the Debtors' only operation was the
related payment of expenses for the five properties.  The Debtors
have no other operating expenses with the exception of their
employment of Michael Shelton and James Mitchell, who comprise
the Debtors' boards of managers.

                    About Complete Retreats

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.
Michael J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  The Court confirmed the Debtor's plan on Nov. 30,
2007.  (Complete Retreats Bankruptcy News, Issue No. 41;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


COMPLETE RETREATS: Reports December 2007 Monthly Operating Report
-----------------------------------------------------------------
Complete Retreats LLC and its debtor-affiliates delivered to the
United States Bankruptcy Court for the District of Connecticut
In lieu of the December 2007 Monthly Operating Reports, the
Debtors delivered to the Court a summary of minimal activity.

The Debtors' cash balance, as of Dec. 31, 2007, was
$1,442,906, which comprised of $1,118,265 reflected in certain
bank statements and $324,640 in a Certificate of Deposit.  The
Debtors did not receive any cash inflows from their Rhode Island
properties or their Bahamian vacant lots.

                    About Complete Retreats

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.
Michael J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  The Court confirmed the Debtor's plan on Nov. 30,
2007.  (Complete Retreats Bankruptcy News, Issue No. 41;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


DELTA FINANCIAL: Files December 17 to 31, 2007 Operating Report
---------------------------------------------------------------
Hugh Miller, president and chief executive officer of Delta
Financial Corporation, delivered to the Court the Debtors'
monthly operating report for the period Dec. 17 to 31, 2007,
which includes a schedule of:

   (a) cash receipts and disbursements,
   (b) bank reconciliation, and
   (c) professionals fees paid.

Full-text copies of the three-part December 2007 MOR are
available for free at:

   * http://bankrupt.com/misc/DFCDecemberReportPartI.pdf

   * http://bankrupt.com/misc/DFCDecemberReportPartII.pdf

   * http://bankrupt.com/misc/DFCDecemberReportPartIII.pdf

Mr. Miller disclosed that each of the bank accounts maintained by
the Debtors have these cash balances at the end of Dec. 31, 2007:

   Debtor                                       Cash Balance
   ------                                       ------------
   Delta Funding Corporation                      $7,747,729
   Delta Financial Corporation                       452,318
   Renaissance R.E.I.T. Investment Corp.              33,699
   Renaissance Mortgage Acceptance Corporation             0

Mr. Miller said the Debtors will provide a statement of
operations; a summary of unpaid postpetition debts and accounts
payable and accounts receivable; and a balance sheet as of
December 31, 2007, after completion of the closing of the
Debtors' books for the year 2007.

                      About Delta Financial

Founded in 1982, Delta Financial Corporation (NASDAQ: DFC) --
http://www.deltafinancial.com/-- is a Woodbury, New York-based
specialty consumer finance company that originates, securitizes
and sells non-conforming mortgage loans.

The company filed a chapter 11 petition on December 17, 2007
(Bankr. D. Del. Lead Case No. 07-11880).  On the same day, three
affiliates filed separate chapter 11 petitions -- Delta Funding
Corp., Renaissance Mortgage Acceptance Corp., and Renaissance
R.E.I.T. Investment Corp. -- (Bankr. D. Del. Case Nos. 07-11881 to
07-11883).

The Debtors selected Morrison & Foerster LLP as their general
bankruptcy counsel and David B. Stratton, Esq. and James C.
Carignan, Esq. at Pepper Hamilton LLP as their counsel.  The
Debtors hired AlixPartners LLP as their claims agent.  The
Official Committee of Unsecured Creditors selected Landis Rath &
Cobb LLP as its Delaware counsel and  Hahn & Hessen LLP as its
general counsel.  The Debtors' amended consolidated quarterly
financial condition as of Sept. 30, 2007, showed $7,223,528,000 in
total assets and $7,108,232,000 in total liabilities.  The
Debtors' petition listed D.B. Structured Products Inc. as their
largest unsecured creditor holding a $19,500,000 claim.  The
Debtors' exclusive period to file a plan expires on April 15,
2008.  (Delta Financial Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service Inc.http://bankrupt.com/newsstand/or 215/945-
7000).


DURA AUTOMOTIVE: Posts $24,123,000 Net Loss in December 2007
------------------------------------------------------------

         DURA Automotive Systems, Inc., and Subsidiaries
               Condensed Consolidated Balance Sheet
                    As of December 31, 2007
                   (In thousands of dollars)

                             ASSETS

Current assets:
  Cash and cash equivalents                             $6,706
  Accounts receivable, net
     Trade                                              92,469
     Other                                               6,366
     Non-Debtor subsidiaries                            29,810
  Inventories                                           45,212
  Other current assets                                  39,415
                                                    ----------
     Total current assets                              219,978
                                                    ----------

Property, plant and equipment, net                     127,688
Goodwill, net                                          178,611
Notes receivable from Non-Debtors subsidiaries         192,443
Investment in Non-Debtors subsidiaries                 790,647
Other noncurrent assets                                  8,120
                                                    ----------
Total Assets                                        $1,517,487
                                                    ==========

        LIABILITIES AND NET LIABILITIES IN LIQUIDATION

Current liabilities:
  Debtors-in-possession financing                     $137,483
  Accounts payable                                      33,431
  Accounts payable to Non-Debtors subsidiaries           2,325
  Accrued Liabilities                                   79,779
                                                    ----------
     Total current liabilities                         253,018
                                                    ----------
Long-term Liabilities:
  Notes Payable to Non-Debtors subsidiaries              9,641
  Other noncurrent liabilities                          55,677
Liabilities Subject to Compromise                    1,310,009
                                                    ----------
Total Liabilities                                    1,628,345

Stockholders' Investment                              (110,858)
                                                    ----------
Total Liabilities and Stockholders' Investment      $1,517,487
                                                    ==========


         DURA Automotive Systems, Inc., and Subsidiaries
     Condensed Unaudited Consolidated Statement of Operations
            For the Five Weeks Ended December 31, 2007
                     (In thousands of dollars)

Total sales                                            $58,300
Cost of sales                                           57,845
                                                    ----------
Gross (loss) profit                                        455

Selling, general and administrative expenses             4,700
Facility consolidation, asset impairment
  and other charges                                      5,152
Amortization expense                                        19
                                                    ----------
Operating (loss) income                                 (9,416)
Interest expense, net                                    3,821
                                                    ----------
Loss before reorganization items and income taxes      (13,237)
Reorganization items                                     5,819
                                                    ----------
Loss before income taxes                               (19,056)
Provision for income taxes                                  21
                                                    ----------
Loss from continuing operations                        (19,077)
Loss from discontinued operations                         5046
                                                    ----------
Net Income (Loss)                                     ($24,123)
                                                    ==========

         DURA Automotive Systems, Inc., and Subsidiaries
   Condensed Unaudited Consolidated Statements of Cash Flows
           For the Five Weeks Ended December 31, 2007
                   (In thousands of dollars)

Operating Activities:
Net Income (loss)                                     ($24,123)
Adjustments to reconcile net loss to net cash used
  in operations activities:
     Depreciation, amortization & asset impairment       1,419
     Amortization of deferred financing fees             1,067
Facility consolidation and other charges                 5,152
      (Gain)/Loss on sale of assets                        187
     Reorganization items                                5,819
Changes in other operating items:
  Accounts receivable                                   20,166
  Inventories                                            3,505
  Other current assets                                    (638)
  Noncurrent assets                                      8,763
  Accounts payable                                      (8,250)
  Accrued liabilities                                   (3,668)
  Noncurrent liabilities                                (1,762)
  Current intercompany transactions                     (4,438)
                                                    ----------
Net cash provided by operating activities                3,199

Investing Activities:
Purchases of property, plant & equipment                (2,222)
Proceeds from sales of assets                              900
                                                    ----------
Net cash (used in) provided by
   investing activities                                 (1,322)

Financing Activities:
  DIP borrowings                                        (2,849)
  Payments on prepetition debt                          (3,064)
                                                    ----------
Net cash used in financing activities                   (5,913)
Net Increase (Decrease) in Cash & Equivalents           (4,036)
Cash Flows from Discontinued Operations                   (917)

Cash & Cash Equivalent, Beginning Balance               11,659
                                                    ----------
Cash & Cash Equivalent, Ending Balance                  $6,706
                                                    ==========

Rochester Hills, Mich.-based DURA Automotive Systems Inc.
(Nasdaq: DRRA) -- http://www.DURAauto.com/-- is an independent
designer and manufacturer of driver control systems, seating
control systems, glass systems, engineered assemblies, structural
door modules and exterior trim systems for the global automotive
industry.  The company is also a supplier of similar products to
the recreation vehicle and specialty vehicle industries.  DURA
sells its automotive products to North American, Japanese and
European original equipment manufacturers and other automotive
suppliers.

The company has three locations in Asia -- China, Japan and
Korea.  It has locations in Europe and Latin-America, particularly
in Mexico, Germany and the United Kingdom.

The Debtors filed for chapter 11 petition on Oct. 30, 2006 (Bankr.
D. Del. Case No. 06-11202).  Richard M. Cieri, Esq., Marc
Kieselstein, Esq., Roger James Higgins, Esq., and Ryan Blaine
Bennett, Esq., of Kirkland & Ellis LLP are lead counsel for the
Debtors' bankruptcy proceedings.  Mark D. Collins, Esq., Daniel J.
DeFranseschi, Esq., and Jason M. Madron, Esq., of Richards Layton
& Finger, P.A. Attorneys are the Debtors' co-counsel.  Baker &
McKenzie acts as the Debtors' special counsel.

Togut, Segal & Segal LLP is the Debtors' conflicts counsel.
Miller Buckfire & Co., LLC is the Debtors' investment banker.
Glass & Associates Inc., gives financial advice to the Debtor.
Kurtzman Carson Consultants LLC handles the notice, claims and
balloting for the Debtors and Brunswick Group LLC acts as their
Corporate Communications Consultants for the Debtors.

As of July 2, 2006, the Debtor had $1,993,178,000 in total assets
and $1,730,758,000 in total liabilities.  The Debtors have asked
the Court to extend their plan filing period from March 12, 2008,
to April 30, 2008.   (Dura Automotive Bankruptcy News, Issue No.
45; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


FEDERAL-MOGUL: Reports December 2007 Earnings of $154.5 Million
---------------------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                     Unaudited Balance Sheet
                     As of December 31, 2007
                          (In millions)

                              Assets

Cash and equivalents                                     $112.7
Accounts receivable                                       559.3
Inventories                                               380.5
Deferred taxes                                            268.1
Prepaid expenses and other current assets                 249.0
                                                       --------
Total current assets                                    1,569.6

Summary of Unpaid Postpetition Debits                      58.3
Intercompany Loans Receivable (Payable)                 1,822.2
                                                       --------
Intercompany Balances                                   1,880.4

Property, plant and equipment                             710.7
Goodwill                                                  930.4
Other intangible assets                                   336.5
Insurance recoverable                                     872.5
Other non-current assets                                1,136.9
                                                       --------
Total Assets                                           $7,437.0
                                                       ========

               Liabilities and Shareholders' Equity

Short-term debt                                               -
Accounts payable                                         $255.2
Accrued compensation                                       59.6
Restructuring and rationalization reserves                  9.1
Current portion of asbestos liability                         -
Interest payable                                            4.7
Other accrued liabilities                               1,020.1
                                                       --------
Total current liabilities                               1,348.6

Long-term debt                                          2,668.8
Post-employment benefits                                  572.7
Other accrued liabilities                                 594.1
Liabilities subject to compromise                       3,822.0

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           662.1
   Additional paid-in capital                           7,998.9
   Accumulated deficit                                (11,581.8)
   Accumulated other comprehensive income                 301.0
   Other                                                      -
                                                       --------
Total Shareholders' Equity                             (1,569.1)
                                                       --------
Total Liabilities and Shareholders' Equity             $7,437.0
                                                       ========


                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Operations
              For the Month Ended December 31, 2007
                          (In millions)

Net sales                                                $232.6
Cost of products sold                                     188.8
                                                       --------
Gross margin                                               43.7

Selling, general & administrative expenses                (29.8)
Amortization                                               (1.2)
Reorganization items                                     (150.4)
Interest income (expense), net                            (12.8)
Other income (expense), net                                15.1
                                                       --------
Earnings before Income Taxes                             (135.3)

Income Tax (Expense) Benefit                              (19.2)
                                                       --------
Earnings before cumulative effect of change
   in accounting principle                               (154.5)

Cumulative effect of change in acctg. principle               -
                                                       --------
Net Earnings (loss)                                     ($154.5)
                                                       ========


                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Cash Flows
              For the Month Ended December 31, 2007
                          (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                   ($154.5)
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                           12.4
   Adjustment of assets held for sale and
      other long-lived assets to fair value                27.8
   Asbestos charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg. principle            -
   Change in post-employment benefits                    (115.4)
   Decrease (increase) in accounts receivable              42.6
   Decrease (increase) in inventories                      12.9
   Increase (decrease) in accounts payable                 40.4
   Change in other assets & other liabilities              (7.1)
   Change in restructuring charge                             -
   Refunds (payments) against asbestos liability              -
                                                       --------
Net Cash Provided From Operating Activities              (140.8)

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment            (9.2)
   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      (9.2)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                            187.3
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                   (2.7)
                                                       --------
Net Cash Provided From Financing Activities               184.6

Increase (Decrease) in Cash and Equivalents                34.5

Cash and equivalents at beginning of period                78.2
                                                       --------
Cash and equivalents at end of period                    $112.7
                                                       ========

Federal-Mogul Corporation -- http://www.federal-mogul.com/--
(OTCBB: FDMLQ) is a global supplier, serving the world's foremost
original equipment manufacturers of automotive, light commercial,
heavy-duty, agricultural, marine, rail, off-road and industrial
vehicles, as well as the worldwide aftermarket.  Founded in
Detroit in 1899, the company is headquartered in Southfield,
Michigan, and employs 45,000 people in 35 countries.  Aside from
the U.S., Federal-Mogul also has operations in other locations
which includes, among others, Mexico, Malaysia, Australia, China,
India, Japan, Korea, and Thailand.

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 &
Jones, 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.

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  The Debtors submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.  The Fourth Amended Plan was confirmed by the Bankruptcy
Court on Nov. 8, 2007, and affirmed by the District Court on
Nov. 14.  (Federal-Mogul Bankruptcy News, Issue No. 160;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).

                        *     *     *

As reported in the Troubled Company Reporter on Jan. 10, 2008,
Moody's Investors Service confirmed the ratings of the reorganized
Federal-Mogul Corporation -- Corporate Family Rating, Ba3;
Probability of Default Rating, Ba3; and senior secured bank credit
facilities, Ba2.  The outlook is stable.   The financing for the
company's emergence from Chapter 11 bankruptcy protection has been
funded in line with the structure originally rated by Moody's in a
press release dated Nov. 28, 2007.

As reported in the Troubled Company Reporter on Jan. 7, 2008,
Standard & Poor's Ratings Services assigned its 'BB-' corporate
credit rating to Southfield, Michigan-based Federal-Mogul Corp.
following the company's emergence from Chapter 11 on Dec. 27,
2007.  The outlook is stable.


FOXTONS NORTH: Posts $342,777 Net Loss in December 2007
-------------------------------------------------------
Foxtons North America Inc. and its debtor-affiliates delivered to
the United States Bankruptcy Court for the District of New Jersey
their monthly operating report for December 2007.

The Debtors' opening cash balance was $824,033 and ending cash
balance was $408,742 for the month of December 2007.  Total
disbursements for the month were $596,080.

The Debtors generated zero revenues for the month and incurred a
net loss of $342,777.

                        About Foxton North

West Long Branch, New Jersey-based Foxtons North America Inc. --
http://www.foxtons.com/-- aka YourHomeDirect.com, and its
affiliate, Foxtons Inc., are real estate agents.  Foxtons Inc. is
also known as Foxtons Realty Inc., YHD Foxtons, and YHD-Foxtons
Inc.

Foxtons North and Foxtons Inc. filed for chapter 11 bankruptcy
protection on Oct. 5, 2005 (Bankr. D. N.J. Case Nos. 07-24497 and
07-24496).  Lawyers at Forman Holt Eliades & Ravin LLC serve as
the Debtors' counsel.  Garden City Group Inc. is the Debtors'
claims and noticing agent.  The U.S. Trustee for Region 3 has
appointed creditors to serve on an Official Committee of Unsecured
Creditors.  Allison M. Berger, Esq., at Fox Rothschild LLP,
represents the Committee.

Foxtons North America disclosed total assets of $487,757 and total
liabilities of $40,885,834 in its chapter 11 petition.  Foxtons
Inc. disclosed total assets of $2,618,254 and total liabilities of
$480,945 in its chapter 11 petition.  Other papers filed with the
bankruptcy court on Oct. 5 disclosed $13 million in assets and
$50.4 million of debt, including a $40 million loan from Foxtons
shareholder Heven Holdings, Ltd.  The Court is set to approve the
Debtor's disclosure statement on March 27, 2008.


JOHNSON RUBBER: Posts December 2007 Monthly Net Loss of $1,203,491
------------------------------------------------------------------
Johnson Rubber Company Inc. filed with the U.S. Bankruptcy Court
for the Northern District of Ohio its monthly operating report for
the period Dec. 12, 2007, through Dec. 31, 2007.

Total revenues/sales for the month were $2,316,496 and net loss
was $1,203,491.

As of Dec. 31, 2007, the Debtor had total assets of $16,191,668,
total postpetition liabilities of $428,000, total secured
liabilities of $15,997,379, total prepetition liabilities of
$7,993,939, and total shareholders' deficit of $8,227,650.

Based on the monthly cash statement of the Debtor, its beginning
balance was $221,575 and ending balance was $19,316.

                      About Johnson Rubber

Headquartered in Middlefield, Ohio, Johnson Rubber Company
Inc. -- http://www.johnsonrubber.com/-- designs, develops
and manufactures polymer components.  The company and its
parent, JR Holding Corp., filed for Chapter 11 protection on
December 11, 2007 (Bankr. N.D. Ohio, Lead Case No. 07-19391).
William I Kohn, Esq., at Benesch Friedlander Coplan & Aronoff
LLP, represents the Debtors in its restructuring efforts.  The
Debtors selected Donlin Recano as claims, noticing and balloting
agent.  The United States Trustee for Region 9 appointed four
creditors to serve on an Official Committee of Unsecured Creditors
in this cases.  McGuireWoods LLP represents the Committee in
this cases.  When the Debtors filed for chapter 11 protection
against their creditors, they listed $15,346,607 in total assets
and $19,869,931 in total debts.


MONITOR OIL: Reports December 31, 2007 Net Loss of $6,968,000
-------------------------------------------------------------
Monitor Oil PLC and its debtor-affiliates submitted to the U.S.
Bankruptcy Court for the Southern District of New York their
monthly operating report for Nov. 21, 2007, through Dec. 31, 2007.

As of Dec. 31, 2007, the Debtors' balance sheet showed total
assets of $98,340,000, total current liabilities of $6,017,000,
total liabilities subject to compromise of $50,108,000, and
shareholders' deficit of $42,215,000.

For the month of December 2007, the Debtors generated zero
revenues and incurred a net loss of $6,968,000.

Cash and cash equivalents at the end of the year were $4,183,000.

Monitor Oil PLC -- htpp://www.monitoroil.com/ -- an oil
and gas service company that provides oil and gas production
solutions, offshore services and engineering services.  The
company and two of its affiliates,  Monitor Single Lift 1, Ltd.,
and Monitor US FinCo, Inc., filed for Chapter 11 Protection on
Nov. 21, 2007 (Bankr. S.D.N.Y. Case No. 07-13709).  Eric Lopez
Schnabel, Esq., at Dorsey & Whitney, L.L.P., represents the
Debtor.  The U.S. Trustee for Region 2 appointed five creditors
to serve on an Official Committee of Unsecured Creditors in the
Debtors' cases.  Ira L. Herman, Esq., at Thompson & Knight LLP,
represents the Committee.  As of Dec. 31, 2007, the company
disclosed total assets of $98,340,000 and total debts of
$56,125,000.


MORTGAGE LENDERS: Posts December 2007 Net Loss of $1,238,534
------------------------------------------------------------

               Mortgage Lenders Network USA, Inc.
                          Balance Sheet
                     As of December 31, 2007

Assets:
   Cash and Cash Equivalents                         $10,554,389
   Mortgage loans held for sale                                0
   Portfolio loans                                             0
   Allowance for loan losses                                   0
   Capitalized Mortgage Servicing rights, net                  0
   Retained interests in securitization,
      at fair value                                            0
   Land                                                3,187,970
   Deferred Costs                                              0
   Principal & Interest Advances                               0
   Interest in subsidiaries                                    0
   Other Assets                                        6,036,755
                                                    ------------
      Total Assets                                   $19,779,114
                                                    ============

Liabilities:
   Accounts Payable prepetition                      $14,473,514
   Accounts Payable postpetition                          75,547
   Accrued Expenses - Payroll                            981,314
   Accrued Expenses - Other                           15,508,495
   Warehouse Borrowings                               22,284,261
   Convertible Debt                                    1,500,000
   Servicing & Working Capital Advances               54,408,435
   Capital Lease Liability                                     0
   Other liabilities                                  31,209,991
                                                    ------------
      Total Liabilities                              140,441,557

Stockholders' Equity:
   Common Stock                                          625,000
   Additional Paid-In Capital                          1,829,770
   Retained Earnings                                (123,117,214)
                                                    ------------
      Total Stockholders' Equity                    (120,662,444)
                                                    ------------
      Total Debts & Stockholders' Equity             $19,779,114
                                                    ============


               Mortgage Lenders Network USA, Inc.
                        Income Statement
                  Month Ended December 31, 2007

Revenue
   Gain on Sale - Subprime                                    $0
   Gain on Sale - SRP/MBS                                      0
   Mortgage origination income                                 0
   Net Warehouse interest income                               0
   Servicing income, net                                       0
   Loss on investment in MLN Depository                        0
   Other Income                                          (23,078)
                                                    ------------
      Total Revenues                                    ($23,078)
                                                    ------------

Expenses
   Salaries                                                   $0
   Overtime/Temp Help                                          0
   Bonus/Incentives                                            0
   Benefits                                                    0
   Rent Expense                                           16,579
   Telephone                                                 684
   Repairs & Maintenances                                      0
   Office & Supplies Expense                                 107
   Postage/Express Mail                                      131
   Service Bureau                                              0
   Consulting Fees                                        72,001
   Insurance                                                   0
   Loan Loss/Foreclosure Exp.                                  0
   Appraisal/Credit Expenses                                   0
   Travel & Entertainment                                      0
   Meetings/Seminars/Education                                 0
   Membership Fes/Dues/Filings                                 0
   Advertising - Other                                         0
   Interest Expense - Other                                    0
   Legal/Regulatory Expense                                    0
   Miscellaneous Expenses                                  1,264
                                                    ------------
      Total Expenses Before Depreciation                  90,766

      Depreciation Expense                                     0
                                                    ------------
      Net Profit Before Reorganization Items            (113,844)

Reorganization Items
   Professional Fees                                   1,124,689
                                                    ------------
      Total Reorganization Items                       1,124,689

   Income Taxes                                                0
                                                    ------------
Net Income (Loss)                                    ($1,238,534)
                                                    ============


               Mortgage Lenders Network USA, Inc.
           Schedule of Cash Receipts and Disbursements
                  Month Ended December 31, 2007

Cash - Beginning of Month                             $2,575,962

Receipts:
   Net Servicing Inflows                                       0
   Warehouse and Loan Sale Inflows                             0
   Sale of Fixed Assets                                        0
   Sale of Other Assets                                        0
   Other Inflows                                          37,785

   Transfers from Cash Collateral                              0
                                                    ------------
      Total Receipts                                      37,785

Disbursements:
   Net Payroll                                            90,266
   Payroll Taxes                                               0
   Medical Coverage Sub/ FSA Witholding                        0
   Operating Expenses                                    164,896
   Rent                                                        0
   Utilities                                                   0
   Insurance                                                   0
   Administrative & Selling                                    0
   Other                                                       0

   Professional Fees Escrow Account                    1,113,404
   Professional Fees Paid                                      0
   U.S. Trustee Fees                                           0
   DIP Fees                                                    0

   Transfers to Cash Collateral                                0
                                                    ------------
      Total Disbursements                              1,368,566
                                                    ------------
      Net Cash Flow                                   (1,330,781)
                                                    ------------
Cash - End of Month                                   $1,245,181
                                                    ============

Middletown, Connecticut-based Mortgage Lenders Network USA Inc. --
http://www.mlnusa.com/-- is a privately held company offering a
full range of Alt-A/Non-Conforming and Conforming loan products
through its retail and wholesale channels.  The company filed for
chapter 11 protection on Feb. 5, 2007 (Bankr. D. Del. Case No. 07-
10146).  Pachulski Stang Ziehl & Jones LLP represents the Debtor.
Blank Rome LLP represents the Official Committee of Unsecured
Creditors.  In the Debtor's schedules of assets and liabilities
filed with the Court, it disclosed total assets of $464,847,213
and total debts of $556,459,464.  The Debtor has until Feb. 22,
2008, to exclusively file a plan of reorganization.  (Mortgage
Lenders Bankruptcy News, Issue No. 25; Bankruptcy Creditors'
Service Inc. http://bankrupt.com/newsstand/or 215/945-7000).


MOVIE GALLERY: Earns $12,673,000 for Month Ended January 6, 2008
----------------------------------------------------------------

                     Movie Gallery, Inc.
             Unaudited Consolidated Balance Sheet
               (Excluding International Operations)
                    As Of January 6, 2008

ASSETS
Current Assets
  Cash & Cash Equivalents                            $54,432,000
  Merchandise Inventory                              153,025,000
  Prepaid Expenses                                    40,938,000
  Store Supplies and Other                            11,593,000
                                                 ---------------
     Total Current Assets                            259,988,000

Rental inventory, net                                226,720,000
Property, furnishings and equipment, net             115,365,000
Other intangibles, net                                20,719,000
Deferred income tax asset, net                         1,774,000
Deposits and other assets                             36,004,000
Investment in subsidiaries                            22,879,000
                                                 ---------------
Total Assets                                         683,449,000
                                                 ===============

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
  Current maturities of long-term obligations        880,454,000
  Accounts payable                                    23,504,000
  Intercompany payable                                (8,168,000)
  Accrued liabilities                                 60,321,000
  Accrued payroll                                     20,958,000
  Accrued interest                                    11,028,000
  Deferred revenue                                    42,555,000
                                                 ---------------
     Total Current Liabilities                     1,030,652,000

Other Accrued Liabilities                             17,068,000
                                                 ---------------
     Total Liabilities Not Subject to Compromise   1,047,720,000

Liabilities Subject to Compromise
  Accounts payable                                    34,228,000
  Accrued liabilities                                 20,534,000
  Accrued utilities                                    4,285,000
  Accrued interest                                    16,410,000
  Long-term obligations                              323,048,000
  Lease liability on closed stores                    70,933,000
                                                 ---------------
     Total Liabilities Subject to Compromise         469,438,000
                                                 ---------------
     Total Liabilities                             1,517,158,000

Stockholders' Deficit
  Preferred stock, $0.10 par value; 2000 shares
    authorized, no shares or issues outstanding                -
  Common stock, $0.001 par value; 65,000 shares
    authorized, 32,275 shares issued
    and outstanding                                       32,000
  Additional paid-in capital                         200,069,000
  Accumulated deficit                             (1,041,182,000)
  Accumulated other comprehensive income               7,372,000
                                                 ---------------
     Total Stockholders' Deficit                    (833,709,000)
                                                 ---------------
     Total Liabilities and Stockholders' Deficit    $683,449,000
                                                 ===============


                      Movie Gallery, Inc.
       Unaudited Consolidated Statement of Operations
              (Excluding International Operations)
              For The Period Ended January 6, 2008

Revenue
  Rentals                                           $160,762,000
  Product Sales                                       92,789,000
                                                 ---------------
                                                     253,551,000

Cost of Sales
Cost of rental revenues                              56,558,000
  Cost of product sales                               72,522,000
                                                 ---------------
                                                     129,080,000

Gross Profit                                         124,471,000

Operating Costs and Expenses
  Store operating expenses                            84,506,000
  General and administrative                          12,672,000
  Amortization of intangibles                            258,000
                                                 ---------------
                                                      97,436,000

Operating Income (Loss)                               27,035,000

  Interest Expense, net                               12,078,000
  Intercompany interest expense, net                    (150,000)
                                                 ---------------
     Income (loss) before reorganization items
     and income taxes                                 15,107,000

Reorganization items, net                              4,043,000
                                                 ---------------
Income (loss) before income taxes                     11,064,000

Income taxes (benefit)                                (1,609,000)
                                                 ---------------
Net Income (Loss)                                    $12,673,000
                                                 ===============


                    Movie Gallery, Inc.
        Unaudited Consolidated Statement of Cash Flows
             (Excluding International Operations)
             For The Period Ended January 6, 2008

Operating Activities
   Net income (loss)                                 $12,673,000

Adjustments to Reconcile Changes in Net Assets
   to Net Cash Provided by Operating Activities:
   Rental Inventory Amortization                      34,297,000
   Purchases of Rental Inventory                     (17,599,000)
   Purchases of Rental Inventory-Base Stock              (20,000)
   Changes in Rental Amortization Estimates            3,561,000
   Reorganization Items, net                          (2,910,000)
   Depreciation and Intangibles Amortization           3,761,000
   Loss on Closed Store Write-Offs                        18,000
   Amortization of Debt Issuance Cost                    839,000
   Stock based Compensation                              467,000

Changes in Operating Assets and Liabilities
   Merchandise Inventory                              33,951,000
   Other Current Assets                               11,924,000
   Deposits and Other Assets                              84,000
   Accounts Payable                                  (37,735,000)
   Accrued Interest                                    3,956,000
   Lease Liability on Closed Stores                      669,000
   Other Accrued Liabilities and Deferred Revenue     (5,346,000)
                                                 ---------------
Net Cash Used by Operating Activities                 42,590,000

Investing Activities
  Purchases of Property, Furnishings and
      Equipment, net                                    (558,000)
                                                 ---------------
Net Cash Provided by Investing Activities               (558,000)

Financing Activities
   Change in Intercompany Receivable                  (1,286,000)
                                                 ---------------
Net Cash Provided by Financing Activities             (1,286,000)

Increase (Decrease) in Cash and Cash Equivalents      40,746,000
Cash and cash equivalents at beginning of period      13,686,000
                                                 ---------------
Cash and cash equivalents at end of period           $54,432,000
                                                 ===============

Based in Dothan, Alabama, Movie Gallery Inc. --
http://www.moviegallery.com/-- is a home entertainment
specialty retailer.  The company owns and operates 4,600 retail
stores that rent and sell DVDs, videocassettes and video games.
It operates over 4,600 stores in the United States, Canada, and
Mexico under the Movie Gallery, Hollywood Entertainment, Game
Crazy, and VHQ banners.

The company and its debtor-affiliates filed for Chapter 11
protection on Oct. 16, 2007 (Bankr. E.D. Va. Case Nos. 07-33849
to 07-33853.  Anup Sathy, Esq., Marc J. Carmel, Esq., and
Richard M. Cieri, Esq., at Kirkland & Ellis LLP, represent the
Debtors.  Michael A. Condyles, Esq., and Peter J. Barrett, Esq.,
at Kutak Rock LLP, is the Debtors' local counsel.  The Debtors'
claims & balloting agent is Kutzman Carson Consultants LLC.
When the Debtors' filed for protection from their creditors,
they listed total assets of US$891,993,000 and total liabilities
of US$1,419,215,000.

The Official Committee of Unsecured Creditors has selected
Robert J. Feinstein, Esq., James I. Stang, Esq., Robert B.
Orgel, Esq., and Brad Godshall, Esq., at Pachulski Stang Ziehl &
Jones LLP, as its lead counsel, and Brian F. Kenney, Esq., at
Miles & Stockbridge PC, as its local counsel.

The Debtors' spokeswoman Meaghan Repko said that the company
does not expect to exit bankruptcy protection before the second
quarter of 2008.  The Court will commence plan confirmation
hearing on April 9, 2008.  (Movie Gallery Bankruptcy News
Issue No. 19; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000)


NATIONAL EASTERN: Files November 2007 Monthly Operating Report
--------------------------------------------------------------
National Eastern Corporation submitted to the United States
Bankruptcy Court for the District of Connecticut its monthly
operating report for November 2007.

According to the Debtor's cash statement, cash at the beginning of
the period was $188,805, while cash at the end of the period was
$85,923.  Total disbursements for the month were $509,908.

As of November 2007, the company had total assets of $20,071,068
and total prepetition liabilities of $15,398,616, $8,572,798 of
which is secured and $6,825,818 of which is unsecured.

The Debtor had a total collectible accounts receivable at Nov. 30,
2007 of $532,100.

                     About National Eastern

Based in Plainville, Connecticut, National Eastern Corp.
fabricates steel.  The Debtor filed for Chapter 11 protection on
Sept. 17, 2007 (Bankr. D. Conn. Case No. 07-21290).  Anthony S.
Novak, Esq., at Chorches & Novak, P.C., represents the Debtor in
its restructuring efforts.  The Debtors chose Edward F. O'Donnel,
Esq., at Siegel, O'Connor, O'Donnell & Beck, P.C., as its special
counsel.  When the company filed for bankruptcy, it listed total
assets of $20,786,808 and total debts of $15,398,616.


PACIFIC LUMBER: Scotia Dev't Files December 2007 Monthly Report
---------------------------------------------------------------

                  Scotia Development LLC, et al.
                    Consolidated Balance Sheet
                      As of December 31, 2007

ASSETS
Current Assets
  Cash                                                $303,755
  Accounts receivable, net                           5,613,135
  Inventory: lower cost or market                   21,739,103
  Prepaid expenses                                   5,626,306
  Prepaid Restructuring                                200,000
  Investments                                                -
  Other                                                266,009
                                                  ------------
    Total Current Assets                            33,748,308

Property, Plant & Equipment                        186,595,457
Less: Accumulated Depreciation                    (118,495,237)
                                                  ------------
Net book value of property & plant                  68,100,220
Other Assets
  Notes Receivable                                     571,064
  Deferred Financing Costs                           5,554,188
  Long-term Investments                              3,023,547
  Restricted Cash                                    2,509,580
  Restricted Cash/Letter
    of Credit Collaterization                       10,862,851
  Deferred Tax Assets                               13,652,208
                                                  ------------
    TOTAL ASSETS                                  $138,021,966
                                                  ============

LIABILITIES & OWNERS EQUITY
Postpetition
Liabilities
  Trade accounts payable                             1,579,516
  Tax payable
    Federal payroll taxes                               47,909
    State payroll taxes                                  9,344
    Ad valorem taxes                                    37,823
    Other taxes                                         23,784
                                                  ------------
       Total taxes payable                             118,860

    Secured debt postpetition                       74,228,573
    Accrued interest payable                         3,207,484
    Accrued professional fees                        3,187,329
    Other accrued liabilities
       Trade Accruals                                  672,407
       Compensation and Benefits                     2,505,086
       Other Accrued                                   574,164
       Due to(from) Affiliate/Parent                 3,744,105
                                                  ------------
    Total Postpetition Liabilities                  89,817,524

Prepetition Liabilities
  Notes payable - Secured                           84,277,251
  Priority debt                                      3,292,575
  Federal income tax                                  (-17,006)
  FICA/ Withholding                                          -
  Unsecured debt                                     3,006,054
  Other                                             32,039,007
  Due to Affiliate/Parent                           41,661,505
                                                  ------------
    Total Prepetition Liabilities                  164,259,386
                                                  ------------
    Total Liabilities                              254,076,910

Owner's Equity (Deficit)
  Equity in Affiliates                             537,279,502
  Common Stock                                           1,001
  Additional Paid-in Capital                       275,546,288
  Retained Earnings: Filing Date                  (794,985,292)
  Retained Earnings: Post Filing Date             (133,896,443)
                                                  ------------
Total Owner's Equity                              (116,054,944)
                                                  ------------
TOTAL LIABILITIES & OWNERS EQUITY                 $138,021,966
                                                  ============

                  Scotia Development LLC, et al.
                      Statement of Income
             For the Period Ended December 31, 2007


Revenues                                            $4,634,127
Total cost of revenues                              (4,983,566)
                                                  ------------
Gross Profit                                          (349,440)

Operating Expenses
  Selling & Marketing                                   95,425
  General & Administrative                            (752,082)
  Insiders Compensation                                101,251
  Idle Facilities                                      359,903
  Environment                                           21,105
                                                  ------------
    Total Operating Expenses                          (174,398)
                                                  ------------
Income before interest, depreciation, tax             (175,042)
Interest Expense                                     1,635,898
Depreciation                                           812,419
Other (Income) Expenses                              5,383,627
Amortization of Deferred Financing Costs               387,997
Restructuring
  Professional Fees                                  1,547,665
  Other                                                118,745
Equity Loss (Earnings) in Subsidiary                 6,258,116
Total Interest, Depreciation & Other                16,144,466
                                                  ------------
Net Income Before Taxes                            (16,319,508)
Federal Income Tax                                           0
                                                  ------------
Net Income (Loss)                                 ($16,319,508)
                                                  ============

                  Scotia Development LLC, et al.
                 Cash Receipts and Disbursements
              For the Month Ended December 31, 2007

Receipts
  Cash Sales                                          $169,715
  Collection of Accounts Receivable                  5,727,199
  Loans & Advances                                   1,503,040
  Sale of Assets                                       434,500
  Other                                              2,796,842
                                                  ------------
    Total Receipts                                  10,631,296

Disbursements
  Net payroll                                          843,947
  Payroll taxes paid                                   353,878
  Sales, use & other taxes paid                        413,711
  Secured/rentals/leases                               185,207
  Utilities & telephone                                 52,459
  Insurance                                            436,538
  Cost of goods sold                                 4,370,496
  Vehicle expenses                                      89,977
  Travel & entertainment                                41,211
  Repairs, maintenance & supplies                      410,142
  Administrative & selling                             436,478
  Interest                                             491,804
  Other                                                  3,753
                                                  ------------
    Total Disbursements from operations              8,129,601

Professional fees                                    1,914,761
U.S. Trustee fees                                        8,036
Other reorganization expenses                                0
                                                  ------------
    Total Disbursements                             10,052,398
                                                  ------------
Net Cash Flow                                          578,898
                                                  ------------
Cash, at the beginning of the month                   (275,143)
                                                  ------------
Cash, at the end of the month                         $303,755
                                                  ============


                  Scotia Development LLC, et al.
                    Consolidated Balance Sheet
                      As of December 31, 2007

ASSETS
Current Assets
  Cash                                                $303,755
  Accounts receivable, net                           5,613,135
  Inventory: lower cost or market                   21,739,103
  Prepaid expenses                                   5,626,306
  Prepaid Restructuring                                200,000
  Investments                                                -
  Other                                                266,009
                                                  ------------
    Total Current Assets                            33,748,308

Property, Plant & Equipment                        186,595,457
Less: Accumulated Depreciation                    (118,495,237)
                                                  ------------
Net book value of property & plant                  68,100,220
Other Assets
  Notes Receivable                                     571,064
  Deferred Financing Costs                           5,554,188
  Long-term Investments                              3,023,547
  Restricted Cash                                    2,509,580
  Restricted Cash/Letter
    of Credit Collaterization                       10,862,851
  Deferred Tax Assets                               13,652,208
                                                  ------------
    TOTAL ASSETS                                  $138,021,966
                                                  ============

LIABILITIES & OWNERS EQUITY
Postpetition
Liabilities
  Trade accounts payable                             1,579,516
  Tax payable
    Federal payroll taxes                               47,909
    State payroll taxes                                  9,344
    Ad valorem taxes                                    37,823
    Other taxes                                         23,784
                                                  ------------
       Total taxes payable                             118,860

    Secured debt postpetition                       74,228,573
    Accrued interest payable                         3,207,484
    Accrued professional fees                        3,187,329
    Other accrued liabilities
       Trade Accruals                                  672,407
       Compensation and Benefits                     2,505,086
       Other Accrued                                   574,164
       Due to(from) Affiliate/Parent                 3,744,105
                                                  ------------
    Total Postpetition Liabilities                  89,817,524

Prepetition Liabilities
  Notes payable - Secured                           84,277,251
  Priority debt                                      3,292,575
  Federal income tax                                  (-17,006)
  FICA/ Withholding                                          -
  Unsecured debt                                     3,006,054
  Other                                             32,039,007
  Due to Affiliate/Parent                           41,661,505
                                                  ------------
    Total Prepetition Liabilities                  164,259,386
                                                  ------------
    Total Liabilities                              254,076,910

Owner's Equity (Deficit)
  Equity in Affiliates                             537,279,502
  Common Stock                                           1,001
  Additional Paid-in Capital                       275,546,288
  Retained Earnings: Filing Date                  (794,985,292)
  Retained Earnings: Post Filing Date             (133,896,443)
                                                  ------------
Total Owner's Equity                              (116,054,944)
                                                  ------------
TOTAL LIABILITIES & OWNERS EQUITY                 $138,021,966
                                                  ============

                  Scotia Development LLC, et al.
                      Statement of Income
             For the Period Ended December 31, 2007


Revenues                                            $4,634,127
Total cost of revenues                              (4,983,566)
                                                  ------------
Gross Profit                                          (349,440)

Operating Expenses
  Selling & Marketing                                   95,425
  General & Administrative                            (752,082)
  Insiders Compensation                                101,251
  Idle Facilities                                      359,903
  Environment                                           21,105
                                                  ------------
    Total Operating Expenses                          (174,398)
                                                  ------------
Income before interest, depreciation, tax             (175,042)
Interest Expense                                     1,635,898
Depreciation                                           812,419
Other (Income) Expenses                              5,383,627
Amortization of Deferred Financing Costs               387,997
Restructuring
  Professional Fees                                  1,547,665
  Other                                                118,745
Equity Loss (Earnings) in Subsidiary                 6,258,116
Total Interest, Depreciation & Other                16,144,466
                                                  ------------
Net Income Before Taxes                            (16,319,508)
Federal Income Tax                                           0
                                                  ------------
Net Income (Loss)                                 ($16,319,508)
                                                  ============

                  Scotia Development LLC, et al.
                 Cash Receipts and Disbursements
              For the Month Ended December 31, 2007

Receipts
  Cash Sales                                          $169,715
  Collection of Accounts Receivable                  5,727,199
  Loans & Advances                                   1,503,040
  Sale of Assets                                       434,500
  Other                                              2,796,842
                                                  ------------
    Total Receipts                                  10,631,296

Disbursements
  Net payroll                                          843,947
  Payroll taxes paid                                   353,878
  Sales, use & other taxes paid                        413,711
  Secured/rentals/leases                               185,207
  Utilities & telephone                                 52,459
  Insurance                                            436,538
  Cost of goods sold                                 4,370,496
  Vehicle expenses                                      89,977
  Travel & entertainment                                41,211
  Repairs, maintenance & supplies                      410,142
  Administrative & selling                             436,478
  Interest                                             491,804
  Other                                                  3,753
                                                  ------------
    Total Disbursements from operations              8,129,601

Professional fees                                    1,914,761
U.S. Trustee fees                                        8,036
Other reorganization expenses                                0
                                                  ------------
    Total Disbursements                             10,052,398
                                                  ------------
Net Cash Flow                                          578,898
                                                  ------------
Cash, at the beginning of the month                   (275,143)
                                                  ------------
Cash, at the end of the month                         $303,755
                                                  ============

Based in Oakland, California, The Pacific Lumber Company --
http://www.palco.com/-- and its subsidiaries operate in several
principal areas of the forest products industry, including the
growing and harvesting of redwood and Douglas-fir timber, the
milling of logs into lumber and the manufacture of lumber into a
variety of finished products.

Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber
Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned
subsidiaries of Pacific Lumber.

Scotia Pacific, Pacific Lumber's largest operating subsidiary, was
established in 1993, in conjunction with a securitization
transaction pursuant to which the vast majority of Pacific
Lumber's timberlands were transferred to Scotia Pacific, and
Scotia Pacific issued Timber Collateralized Notes secured by
substantially all of Scotia Pacific's assets, including the
timberlands.

Pacific Lumber, Scotia Pacific, and four other subsidiaries filed
for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case
Nos. 07-20027 through 07-20032).  Jack L. Kinzie, Esq., at Baker
Botts LLP, is Pacific Lumber's lead counsel.  Nathaniel Peter
Holzer, Esq., Harlin C. Womble, Jr., Esq., and Shelby A. Jordan,
Esq., at Jordan Hyden Womble Culbreth & Holzer PC, is Pacific
Lumber's co-counsel.  Kathryn A. Coleman, Esq., and Eric J.
Fromme, Esq., at Gibson, Dunn & Crutcher LLP, acts as Scotia
Pacific's lead counsel.  John F. Higgins, Esq., and James Matthew
Vaughn, Esq., at Porter & Hedges LLP, is Scotia Pacific's co-
counsel.  John D. Fiero, Esq., at Pachulski Stang Ziehl & Jones
LLP, represents the Official Committee of Unsecured Creditors.

When Pacific Lumber filed for protection from its creditors, it
listed estimated assets and debts of more than $100 million.
Scotia Pacific listed total assets of $932,000,000 and total debts
of $765,978,335.  The Debtors filed their Joint Plan of
Reorganization on Sept. 30, 2007, which was amended on Dec. 20,
2007.  The Debtors' exclusive plan filing period expires on
Feb. 29, 2008.  (Scotia/Pacific Lumber Bankruptcy News, Issue No.
44, http://bankrupt.com/newsstand/or 215/945-7000).


PACIFIC LUMBER: Scotia Pacific Files December 2007 Monthly Report
-----------------------------------------------------------------

                    Scotia Pacific Company LLC
                    Consolidated Balance Sheet
                     As of December 31, 2007

ASSETS
Current Assets
   Cash                                            $43,743,528
   Accounts receivable, net                          4,583,467
   Inventory: lower cost or market                   1,546,142
   Prepaid expenses                                  6,574,267
   Prepaid Restructuring                               764,671
   Investments                                               0
   Other                                               733,109
                                                  ------------
      Total Current Assets                          57,945,184

Property, Plant & Equipment                        600,786,857
Less: Accumulated Depreciation                    (359,784,925)
                                                  ------------
Net book value of property & plant                 241,001,932
Other Assets
   Capitalized Expenses                             10,281,211
                                                  ------------
      TOTAL ASSETS                                $309,228,327
                                                  ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                              $32,689
   Tax payable
      Federal payroll taxes                             11,886
      State payroll taxes                                9,494
      Ad valorem taxes                                  75,985
      Other taxes                                      179,564
                                                  ------------
         Total taxes payable                           276,929

      Secured debt postpetition                              0
      Accrued interest payable                      51,247,962
      Accrued professional fees                      4,786,694
      Other accrued liabilities
         Unsecured Debt                                998,070
         Payroll                                       591,640
         Other                                         398,425
                                                  ------------
      Total Postpetition Liabilities                58,332,409

Prepetition Liabilities
   Notes payable - Secured                         767,362,183
   Priority debt                                        79,065
   Federal income tax                                        0
   FICA/ Withholding                                         0
   Unsecured debt                                    3,358,032
   Other                                               232,387
                                                  ------------
      Total Prepetition Liabilities                771,031,667
                                                  ------------
      Total Liabilities                            829,364,076
Owner's Equity (Deficit)
   Preffered Stock                                           0
   Common Stock                                     20,384,905
   Additional Paid-in Capital                      179,838,186
   Retained Earnings: Filing Date                 (662,058,832)
   Retained Earnings: Post Filing Date             (58,300,008)
                                                  ------------
Total Owner's Equity                              (520,135,749)
                                                  ------------
TOTAL LIABILITIES & OWNERS EQUITY                 $309,228,327
                                                  ============

                    Scotia Pacific Company LLC
                       Statement of Income
               For the Period Ended December 31, 2007


Revenues                                            $2,051,520
Total cost of revenues                                 712,530
                                                  ------------
Gross Profit                                         1,338,990

Operating Expenses
   Selling & Marketing                                       0
   General & Administrative                            217,663
   Insiders Compensation                                     0
   Professional Fees                                         0
   Idle Facilities                                           0
   Environmental                                             0
                                                  ------------
      Total Operating Expenses                         217,663
                                                  ------------
Income before interest, depreciation, tax            1,121,328
Interest Expense                                     4,876,476
Depreciation                                           558,610
Other (Income) Expenses                               (213,423)
Amortization of Deferred Financing Costs                     0
Restructuring
   Professional Fees                                 2,065,546
   Other                                                92,235
Equity Loss (Earnings) in Subsidiary                         0
Total Interest, Depreciation & Other Items           7,379,443
                                                  ------------
Net Income Before Taxes                             (6,258,116)
Federal Income Tax                                           0
                                                  ------------
Net Income (Loss)                                  ($6,258,116)
                                                  ============


                  Scotia Pacific Company LLC
                Cash Receipts and Disbursements
             For the Month Ended December 31, 2007

Receipts
   Cash Sales                                               $0
   Collection of Accounts Receivable                         0
   Loans & Advances                                          0
   Sale of Assets                                            0
   Interest Income                                     165,948
   Log Sales to Palco less Reimbursable              2,037,876
   Other                                                 4,321
                                                  ------------
      Total Receipts                                 2,208,144

Disbursements
   Net payroll                                         301,801
   Payroll taxes paid                                   81,316
   Sales, use & other taxes paid                       204,015
   Secured/rentals/leases                               21,368
   Utilities & telephone                                   276
   Insurance                                           196,956
   Vehicle expenses                                          0
   Cost of goods sold                                        0
   Travel & entertainment                                    0
   Repairs, maintenance & supplies                           0
   Administrative & selling                            417,856
   Decking, logging & hauling                          871,793
   Other                                                56,451
                                                  ------------
      Total Disbursements from operations            2,151,833

Professional fees                                    1,828,286
U.S. Trustee fees                                            0
Interest                                               235,889
Other reorganization expenses                                0
                                                  ------------
      Total Disbursements                            4,216,009
                                                  ------------
Net Cash Flow                                       (2,007,865)
                                                  ------------
Cash, at the end of the month                      $43,743,528
                                                  ============

Based in Oakland, California, The Pacific Lumber Company --
http://www.palco.com/-- and its subsidiaries operate in several
principal areas of the forest products industry, including the
growing and harvesting of redwood and Douglas-fir timber, the
milling of logs into lumber and the manufacture of lumber into a
variety of finished products.

Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber
Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned
subsidiaries of Pacific Lumber.

Scotia Pacific, Pacific Lumber's largest operating subsidiary, was
established in 1993, in conjunction with a securitization
transaction pursuant to which the vast majority of Pacific
Lumber's timberlands were transferred to Scotia Pacific, and
Scotia Pacific issued Timber Collateralized Notes secured by
substantially all of Scotia Pacific's assets, including the
timberlands.

Pacific Lumber, Scotia Pacific, and four other subsidiaries filed
for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case
Nos. 07-20027 through 07-20032).  Jack L. Kinzie, Esq., at Baker
Botts LLP, is Pacific Lumber's lead counsel.  Nathaniel Peter
Holzer, Esq., Harlin C. Womble, Jr., Esq., and Shelby A. Jordan,
Esq., at Jordan Hyden Womble Culbreth & Holzer PC, is Pacific
Lumber's co-counsel.  Kathryn A. Coleman, Esq., and Eric J.
Fromme, Esq., at Gibson, Dunn & Crutcher LLP, acts as Scotia
Pacific's lead counsel.  John F. Higgins, Esq., and James Matthew
Vaughn, Esq., at Porter & Hedges LLP, is Scotia Pacific's co-
counsel.  John D. Fiero, Esq., at Pachulski Stang Ziehl & Jones
LLP, represents the Official Committee of Unsecured Creditors.

When Pacific Lumber filed for protection from its creditors, it
listed estimated assets and debts of more than $100 million.
Scotia Pacific listed total assets of $932,000,000 and total debts
of $765,978,335.  The Debtors filed their Joint Plan of
Reorganization on Sept. 30, 2007, which was amended on Dec. 20,
2007.  The Debtors' exclusive plan filing period expires on
Feb. 29, 2008.  (Scotia/Pacific Lumber Bankruptcy News, Issue No.
44, http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Logistics Submits December 2007 Monthly Report
-----------------------------------------------------------------

          Performance Logistics Group and subsidiaries
               Unaudited Consolidated Balance Sheet
                     As of December 31, 2007

ASSETS
Current Assets:
   Cash, cash equivalents and marketable
      securities                                    $12,155,000
   Deposits                                           1,929,000
   Restricted Cash                                    3,515,000
   Receivables customer                              14,118,000
   allowance for doubtful accounts                     (477,000)
   Receivables other                                  1,904,000
   Inventory                                          1,837,000
   Work in process                                      694,000
   Prepayments and other current assets               6,310,000
                                                    -----------
      Total current assets                           41,984,000

   Property and equipment                            53,156,000
   Accumulated depreciation                         (14,399,000)
                                                    -----------
   Total property and equipment                      38,758,000

   Other Assets:
   Other                                                 16,000
   DIP Financing Costs(2007)                            557,000
   Amortization of DIP 2007 financing costs             (93,000)
   Debt Financing Costs(2007)                         8,436,000
   Amortization of debt financing costs              (8,436,000)
   Goodwill                                                   -
   Debt Costs(DIP)                                    1,079,000
   Amortization of debt costs                        (1,079,000)
   Jr. DIP Debt Costs                                   140,000
   Amortization of Jr DIP debt costs                   (140,000)
   Debt Costs(Prepetition)                            8,790,000
   Amortization of debt costs                        (8,790,000)
                                                    -----------
      Total other assets                                480,000
                                                    -----------
   Total assets                                     $81,221,000
                                                    ===========

LIABILITIES AND EQUITY
Current Liabilities NOT Subject to Compromise:
   Current portion of debt - prepetition 1st lien   $49,625,000
   Current portion of debt                           16,500,000
   Current portion of accrued interest on debt          885,000
   Current portion of long-term equipment leases      1,877,000
   Accounts payable                                   3,105,000
   Accrued workman's compensation                    21,195,000
   Accrued cargo damage claims                        1,723,000
   Accrued payroll and benefits                       9,542,000
   Accrued liabilities                                4,199,000
   Accrued taxes                                        587,000
                                                    -----------
      Total current liabilities                     109,237,000

Long Term Liabilities NOT Subject to Compromise:
   Long-term debt, less current portion                       -
   Long-term equipment leases                         1,719,000
   Shareholder, other notes & leases payable                  -
                                                    -----------
   Total long term liabilities                        1,719,000

Liabilities Subject to Compromise:
   Prepetition - 2nd lien debt                       35,000,000
   Prepetition - accrued interest                             -
   Prepetition - accounts payable                     5,701,000
   Prepetition - accrued liabilities                          -
                                                    -----------
   Total liabilities subject to compromise           40,701,000

Deferred compensation                                         -
Deferred income taxes                                 1,209,000
                                                    -----------
      Total liabilities                             152,865,000

Stockholders' Equity:
   Common Stock $0.01 par value; 100,000 shares           1,000
   Additional paid-in capital                        19,416,000
   Restricted Stock                                           -
   Currency Exchange                                  2,306,000
   Retained earnings                                (93,367,000)
                                                    -----------
      Total stockholders' equity                    (71,644,000)
                                                    -----------
Total liabilities and stockholders' equity          $81,221,000
                                                    ===========


          Performance Logistics Group and subsidiaries
         Unaudited Consolidated Statements of Operations
            For the Period Ending December 31, 2007

Transportation Revenue                              $19,078,000
   Plus Fuel Surcharge                                2,327,000
                                                    -----------
Revenue                                              21,405,000

Operating Expenses
   Driver Wages and Benefits                         10,180,000
   Claims and Transportation Expenses                 1,508,000
   Maintenance                                        2,348,000
   Fuel                                               3,842,000
      Memo; Fuel Surcharge                           (2,327,000)
   Terminal Costs                                       456,000
   Depreciation                                         435,000
   Direct Fixed                                       1,103,000
   Discontinued Operations                                    -
   Vehicle Movement                                       3,000
   Management Fee and Expenses                           43,000
   Corporate Overhead (less Depreciation)             1,270,000
                                                    -----------
Total Operating Costs                                21,187,000
   Other Income/(Expenses)                                    -
                                                    -----------
Operating Income                                        218,000
                                                    -----------
EBITDA                                                  696,000

Less
   Amortization of Capital Access Fee and Taxes
      included in EBITDA                                      -
   Interest Expense                                   7,877,000
   Professional Fees and Restructuring                  262,000
   Goodwill Impairment                               74,622,000
   Non-Operating Income/(Expense)                       387,000
                                                    -----------
Pretax Income                                       (82,156,000)
   Income Tax (Est.)                                    189,000
                                                    -----------
NET INCOME (LOSS)                                   (82,345,000)
   Reorganization Items                                       -
                                                    -----------
NET INCOME (LOSS)                                  ($82,345,000)
                                                    ===========


           Performance Logistics Group and subsidiaries
          Unaudited Consolidated Statement of Cash Flows
            For the Year to Date Ending December 2007

Cash flows from operating activities
(includes fresh start)

Net Income                                        $(96,163,000)

Adjustments to reconcile net income to
net cash flows provided by operations:
   Depreciation and amortization                    11,130,000
   Gain (loss) on disposal of property
      and equipment                                   (281,000)
   Goodwill impairment                                       -
   Cost of debt financing (retired)                          -
   Amortization of debt financing (DIP)              8,666,000
   Amortization of capital access fee                        -
   Non cash interest (PIK)                                   -
   Deferred income taxes                               184,000
   Deferred compensation                                     -
   Non cash reorganization costs                      (323,000)
   Changes in assets and liabilities:                        -
      (Increase) decrease in accounts receivable      (687,000)
      (Increase) decrease in other current assets   (1,198,000)
      Increase/(decrease) in accounts payable        3,983,000
      (Increase)/decrease in other assets and
         liabilities                                (4,809,000)
                                                   -----------
   Net cash provided by operating activities       (79,498,000)

Cash flows from investing activities
   Property and equipment                           (6,030,000)
   Restricted cash                                   4,986,000
   Proceeds from disposal of property and equipment    707,000
                                                   -----------
   Net cash provided by (used in)
      investing activities                            (338,000)

Cash flows from financing activities
   Repayment of debt                                  (375,000)
   Borrowings under debt agreement                   1,017,000
   Net borrowings (repayments) under
      revolving credit facilities                   16,500,000
   Payments on capital lease obligations            (1,185,000)
   Acquisition of capital leases                             -
   Acquisition of debt costs                        (8,279,000)
                                                   -----------
   Net cash used in financing activities             7,678,000
                                                   -----------
   Net increase (decrease) in cash                 (72,158,000)
   Effect of exchange rate on cash
      and cash equivalents                             998,000
   Cash at beginning of period                      10,622,000
                                                   -----------
   Cash and cash equivalents at end of period     ($60,538,000)
                                                   ===========

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their restructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors have until
March 18, 2008, to file plan of reorganization.  (Performance
Bankruptcy News, Issue No. 38; Bankruptcy Creditors' Services
Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Trustee Submits PTS' October 2007 Report
-----------------------------------------------------------
Clear Thinking Group, LLC, the liquidating trustee appointed
under Performance Transportation Services Inc.' confirmed plan of
reorganization, delivered to the Court an operating report for the
PTS Liquidating Trust from Oct. 1 to 31, 2007.

The Liquidating Trustee reports that the Trust had a $29,836
monthly net of disbursement during the reporting period.  The
Trust's operating account had an ending balance of $52,665
from a $82,502 balance at the start of the month.

The Trust's money market account had an ending balance of
$273,627 from a $272,662 balance at the start of the month.

The Liquidating Trustee is represented in the cases by David
Neier, Esq., at Arent Fox, LLP, in New York.

                 About Performance Transportation

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their restructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors have until
March 18, 2008, to file plan of reorganization.  (Performance
Bankruptcy News, Issue No. 38; Bankruptcy Creditors' Services
Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Trustee Submits PTS' November 2007 Report
------------------------------------------------------------
The liquidating trustee appointed under Performance Transportation
Services Inc.' confirmed plan of reorganization, Clear Thinking
Group, LLC, presented to the Court the PTS Liquidating Trust's
operating report for the period from Nov. 1 to 30, 2007.

The Liquidating Trustee reports that the Trust had a $45,557
monthly net of disbursement during the reporting period.  The
Trustee also reports that the Trust's operating account had an
ending bank balance of $182,107 from a balance of $52,665 at the
beginning of the reporting period.  The Trust's money market
account had an ending balance of $99,042 from a $273,627 balance
at the start of the month.

                 About Performance Transportation

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their restructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors have until
March 18, 2008, to file plan of reorganization.  (Performance
Bankruptcy News, Issue No. 38; Bankruptcy Creditors' Services
Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Trustee Submits PTS' December 2007 Report
------------------------------------------------------------
Clear Thinking Group, LLC, the trustee appointed to oversee the
liquidation of Performance Transportation Services Inc.' estate
pursuant to their confirmed plan of reorganization, filed with the
Court an operating report for the PTS Liquidating Trust for the
month ended Dec. 31, 2007.

The Liquidating Trustee reports that the Trust had a $23,409
monthly net of disbursement during the reporting period.  The
Trustee also reports that the Trust's operating account had an
ending bank balance of $158,697 from a balance of $182,107 at the
beginning of the reporting period.  The Trust's money market
account had an ending balance of $99,392 from a $99,042 balance
at the start of the month.

                 About Performance Transportation

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their restructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors have until
March 18, 2008, to file plan of reorganization.  (Performance
Bankruptcy News, Issue No. 38; Bankruptcy Creditors' Services
Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


REFCO LLC: Trustee Files December 2007 Monthly Operating Report
---------------------------------------------------------------
Albert Togut, the Chapter 7 trustee overseeing the liquidation of
Refco LLC's estate, filed with the Court a monthly statement of
cash receipts and disbursements for the period from Dec. 1 to
31, 2007.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
as of November 1 totals $89,022,000.  The Debtor's beginning
purchase price account balance totals $2,562,000, while its
beginning capital account "A" balance aggregates $86,460,000.

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

During the Reporting Period, Refco LLC received $66,233,000, and
and disbursed $76,252,000.  The Debtor held $79,003,000 at the
end of the period.

The Chapter 7 Trustee says the Monthly Statement is filed in lieu
of comprehensive financial statements.

A full-text copy of Refco LLC's December 2007 Monthly Statement
is available at no charge at:
http://bankrupt.com/misc/RefcoLLCMORDecember07.pdf

                           About Refco

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

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

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on Dec. 15, 2006.  That Plan became effective on Dec. 26,
2006.  (Refco Bankruptcy News, Issue No. 76; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


REUNION INDUSTRIES: Posts $250,000 Net Loss in December 2007
------------------------------------------------------------
Reunion Industries Inc. filed with the Bankruptcy Court and United
States Trustee its monthly operating report for December 2007.

As of Dec. 31, 2007, the Debtor had $45,821,000 in total assets,
$69,064,000 in total liabilities, and $23,243,000 in total
stockholders' deficit.

For the month, the Debtor did not had any revenue and incurred a
net loss of $250,000.

A full-text copy of the company's December 2007 report is
available for free at http://ResearchArchives.com/t/s?2815

                     About Reunion Industries

Headquartered in Pittsburgh, Pennsylvania, Reunion Industries
Inc. owns and operates industrial manufacturing operations that
design and manufacture engineered, high quality products for
specific customer requirements.  These products include large
diameter seamless pressure vessels, manufactured by its CP
Industries division, and hydraulic and pneumatic cylinders,
manufactured by its Hanna Cylinders division.  In addition,
the Debtor has a 65% interest in Shanghai Klemp Metal Products
Co., Ltd., a Chinese company located in Shanghai, China.
Shanghai Klemp manufactures metal bar grating.

Reunion Industries filed for Chapter 11 protection on Nov. 26,
2007 (Bankr. D. Conn. Case No.: 07-50727).  Two Reunion Industries
stockholders, Charles E. Bradley, Sr. Family, L.P., and John Grier
Poole Family, L.P., filed separate Chapter 11 petitions on the
same day (Bankr. D. Conn. Case Nos. 07-50725 and 07-50726).  Carol
A. Felicetta, Esq. at Reid and Riege, P.C. represents the Debtors
in their restructuring efforts.


SEA CONTAINERS: Posts $227,425 Earnings in Month Ended December 31
------------------------------------------------------------------

                      Sea Containers, Ltd.
                     Unaudited Balance Sheet
                     As of December 31, 2007

                             Assets

Current Assets
   Cash and cash equivalents                         $42,613,906
   Trade receivables, less allowances
      for doubtful accounts                              366,826
   Due from related parties                              678,431
   Prepaid expenses and other current assets           1,104,484
                                                    ------------
      Total current assets                            44,763,647

Fixed assets, net                                              -

Long-term equipment sales receivable, net                      -
Investments in group companies                       143,546,856
Intercompany receivables                                       -
Investment in equity ownership interests             219,264,558
Other assets                                           3,532,187
                                                    ------------
Total assets                                        $411,107,248
                                                    ============

              Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $11,248,427
   Accrued expenses                                   66,036,441
   Current portion of long-term debt                 173,147,423
   Current portion of senior notes                   385,436,121
                                                    ------------
      Total current liabilities                      635,868,412

Total shareholders' equity                          (224,761,164)
                                                    ------------
Total liabilities and shareholders' equity          $411,107,248
                                                    ============


                      Sea Containers, Ltd.
                Unaudited Statement of Operations
              For the Month Ended December 31, 2007

Revenue                                                ($576,334)

Costs and expenses:
   Operating costs                                       104,364
   Selling, general and admin. expenses               (2,529,631)
   Professional fees                                  (4,188,223)
   Charges against intercompany accounts               5,504,075
   Impairment of investment in subsidy Co.                     -
   Forgiveness of intercompany debt                            -
   Depreciation and amortization                               -
                                                    ------------
      Total costs and expenses                        (1,109,415)
                                                    ------------

Gain or (Loss) on sale of assets                               -
                                                    ------------
Operating income (loss)                               (1,685,749)

Other income (expense)
   Investment income                                   1,714,999
   Foreign exchange gains or (losses)                    (32,636)
   Interest expense, net                              (4,504,861)
                                                    ------------
Income (Loss) before taxes                            (4,508,247)
Income tax expense                                      (519,900)
                                                    ------------
Net (Loss)                                           ($5,028,147)
                                                    ============


                     Sea Containers Services
                     Unaudited Balance Sheet
                     As of December 31, 2007

                             Assets

Current Assets
   Cash and cash equivalents                             $54,206
   Trade receivables                                      16,230
   Due from related parties                              670,771
   Prepaid expenses and other current assets           2,739,916
                                                    ------------
      Total current assets                             3,481,123

Fixed assets, net                                         27,645

Investments                                            2,677,370
Intercompany receivables                              53,743,237
Other assets                                                   -
                                                    ------------
Total assets                                         $59,929,375
                                                    ============

              Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                   $1,276,545
   Accrued expenses                                    1,065,629
   Current portion of long-term debt                   1,515,069
                                                    ------------
      Total current liabilities                        3,857,243

Total shareholders' equity                            56,072,132
                                                    ------------
Total liabilities and shareholders' equity           $59,929,375
                                                    ============


                     Sea Containers Services
                Unaudited Statement of Operations
              For the Month Ended December 31, 2007

Revenue                                               $2,394,653

Costs and expenses:
   Operating costs                                             -
   Selling, general and admin. expenses                 (277,060)
   Professional Fees                                    (454,102)
   Other charges                                               -
   Depreciation and amortization                      (1,352,681)
                                                    ------------
      Total costs and expenses                        (2,083,842)
                                                    ------------

Gains on sale of assets                                  (33,311)
                                                    ------------
Operating income (loss)                                  277,500

Other income (expense)
   Interest income                                            70
   Foreign exchange gains (losses)                         1,142
   Interest expense, net                                 (51,286)
                                                    ------------
Income (Loss) before taxes                               227,425
Income tax credit                                              -
                                                    ------------
Net Income                                              $227,425
                                                    ============

Sea Containers Caribbean, Inc., reported zero assets and accounts
payable of $3,530,094, as its sole liabilities in its December
2007 balance sheet.

A full-text copy of the Debtors' schedules of cash receipts and
disbursements is available for free at:
http://bankrupt.com/misc/SeaCon_Dec2007_CashSchedule.pdf

As of Feb. 8, 2008, Sea Containers Ltd. has not filed its
form 10-K report for fiscal year ended December 31, 2005, or
later, nor has it filed form 10-Q reports for the quarters ended
March 31, 2006, June 30, 2006, Sept. 30, 2006, Dec. 31, 2006,
March 31, 2007, June 30, 2007, Sept. 30, 2007, and Dec. 31, 2007.

                        About Sea Containers

Based in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Edmon L. Morton, Esq., Edwin J. Harron, Esq., Robert S. Brady,
Esq., Sean Matthew Beach, Esq., and Sean T. Greecher, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in
their restructuring efforts.

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP.  Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.

In its schedules filed with the Court, Sea Containers disclosed
total assets of $62,400,718 and total liabilities of
$1,545,384,083.  The Court gave the Debtors until Feb. 20, 2008 to
file a plan of reorganization.  (Sea Containers Bankruptcy News,
Issue No. 36; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: Earns $35,533,219 in Month Ended July 31, 2007
------------------------------------------------------------

         Tweeter Home Entertainment Group, Inc., et al.
                   Consolidated Balance Sheet
                      As of July 31, 2007

Assets
Current Assets:
   Cash and Cash Equivalents                         $5,987,298
   Accounts Receivable                                        -
   Inventory                                                  -
   Deferred Tax Assets                                        -
   Prepaid Expenses and Other Current Assets          2,300,447
                                                 --------------
      Total Current Assets                            8,287,745

   Property and Equipment                                     -
   Long-Term Investments                                      -
   Intangible Assets, Net                                     -
   Other Assets                                               -
   Goodwill                                                   -
                                                 --------------
Total Assets                                         $8,287,745
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise
(postpetition):
   Current Portion of Long-Term Debt                          -
   Total Accounts Payable                            $3,854,292
                                                 --------------
      Total Postpetition Liabilities                  3,854,292

Liabilities Subject to Compromise (Prepetition):
   Deferred Compensation                                      -
   Accrued Expenses                                           -
   Customer Deposits                                          -
   Prepetition Accounts Payable                      32,536,235
                                                 --------------
      Total Prepetition Liabilities                  32,536,235

Secured Bank Debt                                             -

Other Long-Term Liabilities:
   Accrued Income Taxes                                 951,185
   Long-Term Restructuring and Discontinued
      Store Reserve                                           -
   Rent-Related Accruals                                      -
                                                 --------------
      Total Other Long-Term Liabilities                 951,185
                                                 --------------
Total Liabilities                                    37,341,711

Total Stockholder's Equity                          (29,053,966)
                                                 --------------
Total Liabilities and Stockholder's Equity           $8,287,745
                                                 ==============


         Tweeter Home Entertainment Group, Inc., et al.
              Consolidated Statement of Operations
               For the Month Ended July 31, 2007

Revenue                                             $10,343,557
Cost of Goods Sold                                   (7,181,303)
                                                 --------------
Gross Profit                                          3,162,254

Controllable Expenses                                 4,061,224
Non-Controllable Expenses                             1,808,221
                                                 --------------
Total Operating Expenses                              5,869,445

Operating Income                                     (2,707,191)
Other Income (Expense)                                   12,393
Loss on Transaction                                  32,813,636
                                                 --------------
Earnings Before Tax                                 (35,533,219)
Taxes                                                         -
                                                 --------------
Net Income                                         ($35,533,219)
                                                 ==============


         Tweeter Home Entertainment Group, Inc., et al.
          Schedule of Cash Receipts and Disbursements
               For the Month Ended July 31, 2007

Cash, Beginning of Month                               $936,646

Cash Receipts:
   Transfers from DIP Accounts                        4,339,696
                                                 --------------
Total Receipts                                        4,339,696

Cash Disbursements:
   Payroll Issued                                    (5,276,342)
                                                 --------------
Total Disbursements                                  (5,276,342)
                                                 --------------
Net Cash Flow                                          (936,646)
                                                 --------------
Cash, End of Month                                           $0
                                                 ==============

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC acts as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represent the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.  The Debtors are seeking to extend
their exclusive period to file a reorganization plan from March 3,
2008, to June 5, 2008.  (Tweeter Bankruptcy News, Issue No. 17;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


VICTORY MEMORIAL: Files December 2007 Monthly Operating Report
--------------------------------------------------------------
Victory Memorial Hospital and its debtor-affiliates filed with the
United States Bankruptcy Court for the Eastern District of New
York their monthly operating report for the period Dec. 1, 2007,
through Dec. 31, 2007.

As of Dec. 31, 2007, the Debtors' consolidated balance sheet
reflected total assets of $40,896,570, total liabilities of
$96,122,046, and net unrestricted deficit of $55,225,476.  The
Debtors' Dec. 31, 2007 consolidated balance sheet also reflected
total current assets of $20,748,303 and total current liabilities
of $32,006,201.

Total operating revenues for the month were $6,855,852 and
negative change in unrestricted assets were $2,239,574 for the
month ended Dec. 31, 2007.

Cash and cash equivalents at the beginning of the month were
$4,888,891 and at the end of the month were $2,764,988.

                      About Victory Memorial

Based in Brooklyn, New York, Victory Memorial Hospital is a
non-profit, full service acute care voluntary hospital with
approximately 241 beds and a skilled nursing unit with 150 beds.
Victory Hospital provides a full range of medical services with a
focus on community care and a program of community outreach to the
Brooklyn community.  Victory Ambulance Services, Inc. a for-profit
subsidiary, provides Victory Hospital with ambulance services.
Victory Pharmacy, Inc., a for-profit subsidiary, does not have
any employees or assets.

The company and its two-subsidiaries filed for chapter 11
protection on Nov. 15, 2006 (Bankr. S.D.N.Y. Case Nos. 06-44387
through 06-44389).  Timothy W. Walsh, Esq., and Jeremy R. Johnson,
Esq., at DLA Piper US LLP, represent the Debtors.  Craig E.
Freeman, Esq., and Martin G Bunin, Esq., at Alston & Bird LLP,
represent the Official Committee of Unsecured Creditors.  When the
Debtors filed for protection from their creditors, they listed
assets and debts between $1 million and $100 million.

                             *********

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

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

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

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

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

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

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

                             *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Shimero R. Jainga, Ronald C. Sy, Joel Anthony G. Lopez,
Cecil R. Villacampa, Melanie C. Pador, Ludivino Q. Climaco, Jr.,
Loyda I. Nartatez, Tara Marie A. Martin, Philline P. Reluya,
Joseph Medel C. Martirez, Ma. Cristina I. Canson, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2008.  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 $775 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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