<PAGE> 1
Exhibit 99.5
<TABLE>
<CAPTION>
OPERATING STATEMENT (P&L) TOTAL
-------------------------------
(ACCRUAL BASIS)
---------------
Debtor: DeVlieg Bullard, Inc. Case No: 99-52111
------------------------------------------------------ ------------------
Month Ending: 31-May-00
-------------------------------------
Current Total
Month Since Filing
----- ------------
<S> <C> <C>
Total Revenue / Sales $ 4,466,982 $ 44,711,176
Cost of Sales $ 2,790,849 $ 26,262,402
Amortization $ 147,040 $ 1,608,833
----------- ------------
Gross Profit $ 1,529,093 $ 16,839,941
=========== ============
EXPENSES:
Officer Compensation $ 26,500 $ 361,128
Salary Expenses $ 633,375 $ 7,248,704
Employee Benefits & Pensions $ 89,808 $ 1,310,171
Payroll Taxes $ 41,609 $ 691,375
Other Taxes $ 5,551 $ 91,295
Rent & Lease Expense $ 98,181 $ 1,090,824
Interest Expense $ 194,187 $ 2,329,701
Insurance $ 5,624 $ 177,741
Automobile & Truck Expense $ 110 $ 89,642
Utilities $ 86,180 $ 778,256
Depreciation $ 32,799 $ 482,159
Travel and Entertainment $ 94,172 $ 913,227
Repairs and Maintenance $ 6,494 $ 194,743
Advertising $ 15,488 $ 152,493
Supplies, Office Expenses, etc. $ 69,493 $ 734,444
Other Administrative $ 162,206 $ 3,123,622
----------- ------------
TOTAL EXPENSES: $ 1,561,777 $ 19,769,525
----------- ------------
NET OPERATING PROFIT / (LOSS) $ (32,684) $ (2,929,584)
=========== ============
Add: Non-Operating Income:
Interest Income $ -- $ --
Other Income $ -- $ 3,175,827
Add: Non-Operating Expenses:
Professional Fees $ (240,264) $ (2,584,941)
Other $ (28,640) $ (440,872)
----------- ------------
NET INCOME / (LOSS) $ (301,588) $ (2,152,308)
=========== ============
</TABLE>
Date:
------------------ ------------------------------------
NOTE: