<SUBMISSION>
<ACCESSION-NUMBER>0000927016-02-003609
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>8
<PERIOD>20020701
<ITEMS>5
<ITEMS>7
<FILING-DATE>20020711
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AEROVOX INC
<CIK>0000856164
<ASSIGNED-SIC>3620
<IRS-NUMBER>760254329
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0102
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-18018
<FILM-NUMBER>02701185
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>740 BELLEVILLE AVE
<CITY>NEW BEDFORD
<STATE>MA
<ZIP>02745-6194
<PHONE>5089949661
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>740 BELLEVILLE AVE
<CITY>NEW BEDFORD
<STATE>MA
<ZIP>02745-6194
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>

                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934

    Date of Report (Date of earliest event reported)       July 1, 2002


                            Commission File #0-18018




                              AEROVOX INCORPORATED
             (Exact name of registrant as specified in its charter)





            Delaware                                           76-0254329
            --------                                           ----------
 (State or other jurisdiction of                            (I.R.S.Employer
 incorporation or organization)                           Identification No.)




            167 John Vertente Boulevard, New Bedford, MA    02745
            --------------------------------------------------------
              (Address of principal executive offices)    (Zip Code)

                                 (508) 994-9661
                                 --------------
                          Registrant's telephone number

<PAGE>

ITEM 5.  OTHER EVENTS

On June 6, 2001, Aerovox Incorporated ("the Company") filed a voluntary petition
for bankruptcy protection, on behalf of its U.S. operation, under Chapter 11 of
the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Massachusetts, Eastern Division ("the Bankruptcy Court"). The Company's two
foreign subsidiaries, BHC Aerovox Ltd., in Weymouth, England and Aerovox de
Mexico, located in Juarez and Mexico City, Mexico, have not filed petitions for
bankruptcy.

The Company is currently operating as a debtor-in-possession pursuant to
Sections 1107 and 1108 of the Bankruptcy Code. Business operations will continue
to be managed by the Company's directors and officers, subject to the
supervision of the Bankruptcy Court.

Under applicable bankruptcy requirements and procedures, the Company prepares
and files with the Bankruptcy Court monthly operating statements, including but
not limited to the following items: (i) monthly reporting questionnaire; (ii)
comparative balance sheets; (iii) summary of accounts receivable; (iv) schedule
of post-petition liabilities; (v) income statements; and (vi) statement of
sources and uses of cash (the "Monthly Bankruptcy Statements").

In light of the substantial expense and undue hardship that would be incurred by
the Company in preparing quarterly and annual reports on Forms 10-Q and 10-K,
respectively (the "Quarterly/Annual Reports"), and in consideration of the
belief that the Monthly Bankruptcy Statements provide investors with timely and
sufficient information, the Company requested on July 23, 2001 that the
Commission issue a "no-action" letter, which would allow the Company to modify
its periodic reporting practices as required under the Securities Exchange Act
of 1934.

On October 5, 2001 the Company received verbal notification that its request had
not been approved. The basis for not approving the request was (i) the trading
volume of Aerovox shares; (ii) the number of market makers and (iii) a number of
other issues, including the lack of detail provided in the "no action" letter
request regarding the Company's default with respect to its senior debt. At this
time, the Company is reviewing its option to revise its request for a
"no-action" letter. In the meantime, the Company will file modified reports in
the form of Monthly Bankruptcy Statements as exhibits to Current Reports on Form
8-K, pursuant to Exchange Act Release No. 9660.

ITEM 7.  EXHIBITS

(a) Financial statements of business acquired. Not applicable.
(b) Pro forma financial information. Not applicable.
(c) Exhibits.

Exhibit No.                       Description

    99.1      Monthly Reporting Questionnaire for the Period April 28, 2002 -
              May 25, 2002
    99.2      Comparative Balance Sheets for the Period April 28, 2002 -
              May 25, 2002
    99.3      Summary of Accounts Receivable for the Period April 28, 2002 -
              May 25, 2002
    99.4      Schedule of Post-Petition Liabilities for the Month Ended
              May 25, 2002
    99.4.1    Post-Petition Liabilities Detail
    99.5      Income Statement for the Period April 28, 2002 - May 25, 2002
    99.6      Statement of Sources and Uses of Cash for the Period
              April 28, 2002 - May 25, 2002

<PAGE>

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorize;

                                        AEROVOX INCORPORATED


DATE    July 11, 2002                   BY /S/ F. RANDAL HUNT
                                           ---------------------
                                           F. Randal Hunt
                                           Senior Vice President and
                                           Chief Financial Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dex991.txt
<DESCRIPTION>MONTHLY REPORTING QUESTIONNAIRE 4/28-5/25/02
<TEXT>
<PAGE>

                                                                    Exhibit 99.1


                         UNITED STATES BANKRUPTCY COURT
                        EASTERN DISTRICT OF MASSACHUSETTS

IN RE:    Aerovox, Inc.                                CASE NO:  01-14680jnf
                                                       JUDGE:     Joan N. Feeney


DEBTOR CHAPTER 11 MONTHLY OPERATING REPORT FOR MONTH ENDING MAY 25, 2002 COMES
NOW, AEROVOX, INC. Debtor-In-Possession and hereby submits its Monthly Operating
Report for the period commencing APRIL 28, 2002 and ending MAY 25, 2002 as shown
by the report and exhibits consisting of 13 pages and containing the following,
as indicated:

Pages

1 - 6     Monthly Reporting Questionnaire (Attachment 1)

7 - 8     Comparative Balance Sheets (Forms OPR-1 & OPR-2)

  9       Summary of Accounts Receivable (Form OPR-3)

10-11     Schedule of Post-petition Liabilities (Form OPR-4)

 12       Income Statement (Form OPR-5)

 13       Statement of Sources and Uses of Cash (Form OPR-6)

I declare under penalty of perjury that this report and all attachments are true
and correct to the best of my knowledge and belief.

Date:  June 20, 2002
       -------------
                                     DEBTOR(S)-IN-POSSESSION

                                     By:
                                         --------------------------------------
                                                     (Signature)

                                         --------------------------------------
                                                     (Signature)

                                     Name & Title:   F. Randal Hunt
                                                     --------------
                                                     CFO & Sr. Vice President
                                                     ---------------------------
                                     Address:        167 John Vertente Blvd.
                                                     ---------------------------
                                                     New Bedford, MA  02745
                                                     ---------------------------
                                     Telephone:      (508) 910-3200
                                                     ---------------------------


<PAGE>

                                                                    Exhibit 99.1
                                                                    ATTACHMENT 1
                                                                       Page 1


                                   CHAPTER 11
                            MONTHLY OPERATING REPORT
                        MONTHLY REPORTING QUESTIONNAIRE



CASE NAME: Aerovox, Inc.

CASE NUMBER:  01-14680jnf

MONTH ENDED:  May 25, 2002





1.  Payroll:  State the amount of all executive wages paid and taxes withheld
    --------  and paid.

<TABLE>
<CAPTION>
                                                   Wages Paid                 Taxes Withheld
                                                -----------------            ----------------
Name and Title of Executive                     Gross         Net            Due         Paid
---------------------------                     -----         ---            ---         ----
<S>                                           <C>           <C>             <C>         <C>
Robert D. Elliott   CEO & President            23,077       14,318            0         7,456

F. Randal Hunt      CFO & Sr. Vice             11,923        7,234            0         3,796
                    President

Martin Hudis        Sr. VP Technology          15,385        8,566            0         4,194

TOTALS                                         50,385       30,118            0        15,446
</TABLE>



<PAGE>

                                                                    Exhibit 99.1
                                                                    ATTACHMENT 1
                                                                       Page 2


                                   CHAPTER 11
                            MONTHLY OPERATING REPORT
                        MONTHLY REPORTING QUESTIONNAIRE



CASE NAME: Aerovox, Inc.

CASE NUMBER:  01-14680jnf

MONTH ENDED:  May 25, 2002




2.   Insurance:     Is workers' compensation and other insurance in effect? Yes
     ----------     Are payments current?  Yes
                    If any policy has lapsed, been replaced or renewed, state
                    so in schedule below. Attach a copy of the new policy's
                    binder or cover page.

<TABLE>
<CAPTION>
                                              Coverage
                                       --------------------      Expiration           Date
Type                Carrier Name       Amount      Policy #         Date        Premium Coverage
----                ------------       ------      --------         ----        ----------------
<S>                 <C>              <C>         <C>             <C>            <C>
Homeowners          NONE

Rental Property     NONE

Liability           See Attached

Vehicle

Workers             See Attached
Compensation
</TABLE>

<PAGE>

                                                                    Exhibit 99.1
                                                                    ATTACHMENT 1
                                                                       Page 3


                                   CHAPTER 11
                            MONTHLY OPERATING REPORT
                        MONTHLY REPORTING QUESTIONNAIRE



CASE NAME: Aerovox, Inc.

CASE NUMBER:  01-14680jnf

MONTH ENDED:  May 25, 2002




3. Bank Accounts
   -------------

<TABLE>
<CAPTION>
                                          Payroll          Operating         Operating        Savings       Debit Card
                                          -------          ---------         ---------        -------       ----------
<S>                                    <C>                <C>               <C>             <C>            <C>
Bank Name                                 Citizens          Citizens           Fleet         Citizens         Citizens
Account #                               110315-944-2      1103-159-450      9429117763      1133886865       1103159469
Beginning Book Balance                      15494.50        1336322.16       159984.51               0          1888.55
Plus: Deposits                             499580.36        4096266.96      3701581.43               0                0
Less: Disbursements                       -505898.74       -4540357.64                       -25414.46         -1956.96
Other: Transfers In/Out                            0                 0     -3663427.88      1500000.00          2000.00
                                        ------------      ------------     -----------      ----------       ----------
Ending Book Balance                          9176.12         892231.48       198138.06      1474585.54          1931.59

</TABLE>


3. Bank Accounts-continued
   -----------------------

<TABLE>
<CAPTION>

                                           Savings         Checking          Payroll                    TOTALS
                                           -------         --------          -------                    ------
<S>                                    <C>                <C>               <C>                      <C>
Bank Name                                  Citizens          Keybank          Fleet
Account #                                 1103159507        19968100261       005119-1739
Beginning Book Balance                    2000000.00                  0                 0               3,513,689.72
Plus: Deposits                                     0                                    0               8,297,428.75
Less: Disbursements                                                   0                 0              -5,073,627.80
Other: Transfers In/Out                            0                  0                                -2,161,427.88
                                        ------------        -----------       -----------              -------------
Ending Book Balance                       2000000.00                  0                 0               4,576,062.79

</TABLE>


<PAGE>

                                                                    Exhibit 99.1
                                                                    ATTACHMENT 1
                                                                       Page 4


                                   CHAPTER 11
                            MONTHLY OPERATING REPORT
                        MONTHLY REPORTING QUESTIONNAIRE



CASE NAME: Aerovox, Inc.

CASE NUMBER:  01-14680jnf

MONTH ENDED:  May 25, 2002



4.  Post-petition Payments:  List any post-petition payments to professionals
    -----------------------  and payments on post-petition debts in the schedule
                             below (attach separate sheet if necessary).

<TABLE>
<CAPTION>


    Payments To/On                     Amount          Date        Check #
    --------------                     ------          ----        -------
<S>                                <C>              <C>           <C>
    Professionals (attorneys,
    accountants, etc.)

    Argus Management                 2,146.60        04/30/02      Wire Transfer
    Argus Management                13,590.60        05/07/02      Wire Transfer
    Argus Management                 3,852.80        05/21/02      Wire Transfer

</TABLE>


    Pre-petition debts:      None

<PAGE>

                                                                    Exhibit 99.1
                                                                    ATTACHMENT 1
                                                                       Page 5


                                   CHAPTER 11
                            MONTHLY OPERATING REPORT
                        MONTHLY REPORTING QUESTIONNAIRE



CASE NAME: Aerovox, Inc.

CASE NUMBER:  01-14680jnf

MONTH ENDED:  May 25, 2002

<TABLE>
<CAPTION>

                                                                             Coverage
                                                                     --------------------------          Expiration
          Type                      Carrier Name                     Amount           Policy #        Premium Coverage
          ----                      ------------                     ------           --------        ----------------
<S>                      <C>                                <C>                  <C>                <C>
Umbrella Liability        Royal Insurance Co. of America           44,010,000     PLA3793390001      12/31/01-12/31/02

Flood Ins                 National Flood Ins. Program              1,000,000      3000240294         03/07/02-03/07/03

Int'l Property            American & Foreign Ins. Co.             15,115,000      AIB0095150001      12/31/01-12/31/02

Int'l General Liability   American & Foreign Ins. Co.             $2,000,000      AIB95150001        12/31/01-12/31/02
                                                             aggregate limit

Int'l Auto                American & Foreign Ins. Co.         $1,000,000 CSL      AIB5150001         12/31/01-12/31/02

Domestic Property         Affiliated FM Ins Co                    89,112,103      AL219              12/31/01-12/31/02

Domestic Auto             American & Foreign Ins. Co.              3,038,000      AMHX184690         12/31/01-12/31/02

General Liability &       American & Foreign Ins. Co.              7,110,000      AST1127530001      12/31/01-12/31/02
Employee Benefits
Liability

D&O                       Federal Ins. Co.                         7,500,000      81303380E          12/31/01-07/01/02

*Workers Comp             Fidelity & Dep. (Fid. Bond)              2,800,000      #LPM 33508503      Bond still in
                                                                                                     place for
                                                                                                     prev. open claims

Workers Comp              Aim Mutual Ins. Co.                      1,500,000      WCC500044901-2001  11/01/01-12/31/02

*Employee H&W Benefits    BCBS                                     2,000,000      #0004119           01/01/02-12/31/02

                          Medical Claims                                          #MLN00374

                          Delta Dental                                            #1128

Workers Comp              Security Ins Co of Hartford              1,500,000      NNE10058500        10/01/01-10/01/02
                          (AL & TX)

Errors & Omissions        Royal & SunAlliance Ins. Co.            $2,000,000      ALB001539          12/31/01-12/31/02
                                                             aggregate limit

Mexico Property           Seguros Commercial America             $17,388,352      QR100496           12/31/01-12/31/02

Mexico General Liability  Seguros Commercial America                $100,000      LR100072           12/31/01-12/31/02
                                                                   aggregate

Executive Protection      Federal Ins. Co.                                        81595611B          07/19/01-07/19/02
                                                                  $1,000,000
                                                                       limit

</TABLE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>dex992.txt
<DESCRIPTION>COMP. BALANCE SHEETS 4/28-5/25/02
<TEXT>
<PAGE>
                                                                    Exhibit 99.2
                                                                          Page 6

                            COMPARATIVE BALANCE SHEET                 FORM OPR-1
                                FOR MONTH ENDED:
CASE NAME:    Aerovox, Inc.
CASE NUMBER:  01-14680 jnf
<TABLE>
<CAPTION>

                                                       1/26/2002     2/23/2002      3/30/2002       4/27/2002      5/25/2002
                                                     ------------   ------------   ------------   ------------   ------------
<S>                                                  <C>            <C>            <C>            <C>            <C>
ASSETS
 CURRENT ASSETS:
   Cash                                              $  4,033,165   $  3,547,973   $  3,485,561   $  3,516,778   $  4,578,641
                                                     ------------   ------------   ------------   ------------   ------------
   Other negotiable instruments (i.e. CD's,
      Treasury Bills, etc.)                                     0              0              0              0              0
                                                     ------------   ------------   ------------   ------------   ------------
   Accounts receivable, gross (OPR-3)                   7,167,409      7,698,454      7,498,202      7,458,906      7,695,437
                                                     ------------   ------------   ------------   ------------   ------------
   Less: Allowance for doubtful accounts               (1,359,439)    (1,368,595)      (973,473)      (983,473)      (995,173)
                                                     ------------   ------------   ------------   ------------   ------------
   Inventory, at cost                                  10,257,300     10,068,804      9,699,305      9,908,088      9,613,857
                                                     ------------   ------------   ------------   ------------   ------------
   Prepaid expenses and other current assets              174,304        193,414        158,018        123,719         89,769
                                                     ------------   ------------   ------------   ------------   ------------
   Other: Intercompany receivables (payables)             620,899        413,359        208,359        625,566      1,481,182
                                                     ------------   ------------   ------------   ------------   ------------
 TOTAL CURRENT ASSETS                                  20,893,637     20,553,408     20,075,971     20,649,584     22,463,713
                                                     ------------   ------------   ------------   ------------   ------------
 PROPERTY, PLANT, AND EQUIPMENT, AT COST               49,481,592     49,483,072     49,483,286     49,486,509     49,486,509
                                                     ------------   ------------   ------------   ------------   ------------
   Less: Accumulated depreciation                     (25,032,360)   (25,300,269)   (25,568,732)   (25,837,088)   (26,105,443)
                                                     ------------   ------------   ------------   ------------   ------------
 NET PROPERTY, PLANT AND EQUIPMENT                     24,449,232     24,182,803     23,914,554     23,649,421     23,381,066
                                                     ------------   ------------   ------------   ------------   ------------
 OTHER ASSETS
   Investments                                         15,287,298     15,402,070     15,310,416     14,661,274      8,967,965
                                                     ------------   ------------   ------------   ------------   ------------
   Other: Def. fin. cost and org costs                    170,023        168,940        167,857        166,774        165,691
                                                     ------------   ------------   ------------   ------------   ------------
   Other assets (includes deposits)                     5,144,145      5,246,874      5,162,920      5,124,481      5,104,495
                                                     ------------   ------------   ------------   ------------   ------------
TOTAL ASSETS                                         $ 65,944,337   $ 65,554,095   $ 64,631,719   $ 64,251,534   $ 60,082,931
                                                     ============   ============   ============   ============   ============
</TABLE>

<PAGE>

                                                                    Exhibit 99.2
                                                                          Page 7

CASE NAME:    Aerovox, Inc.
CASE NUMBER:  01-14680 jnf                                            FORM OPR-2
<TABLE>
<CAPTION>

                                                   01/26/02      02/23/02       03/30/02     04/27/02       05/25/02
                                                  -----------  ------------  ------------  ------------   ------------
<S>                                               <C>          <C>           <C>           <C>            <C>
LIABILITIES

   POST PETITION LIABILITIES (OPR-4)              $ 1,679,602  $ 2,067,654   $ 2,653,424   $ 2,928,695    $ 3,440,899
                                                  -----------  -----------   -----------   -----------    -----------
   PRE PETITION LIABILITIES
     Priority debt                                    228,490      228,490       228,490       228,490        228,490
                                                  -----------  -----------   -----------   -----------    -----------
     Secured debt                                  29,300,919   29,300,919    29,300,919    29,300,919     26,100,919
                                                  -----------  -----------   -----------   -----------    -----------
     Unsecured debt                                19,509,617   19,283,684    18,997,942    18,997,942     18,997,942
                                                  -----------  -----------   -----------   -----------    -----------
   TOTAL PRE PETITION LIABILITIES                  49,039,027   48,813,093    48,527,351    48,527,351     45,327,351
                                                  -----------  -----------   -----------   -----------    -----------
   OTHER LIABILITIES PER BOOK                       5,499,934    5,499,934     5,499,934     5,499,934      5,499,934
                                                  -----------  -----------   -----------   -----------    -----------
TOTAL LIABILITIES                                  56,218,563   56,380,682    56,680,710    56,955,981     54,268,185
                                                  -----------  -----------   -----------   -----------    -----------
SHAREHOLDERS' EQUITY

   REDEEMABLE COMMON STOCK                          1,099,800    1,071,800       937,800       885,800        718,800
                                                  -----------  -----------   -----------   -----------    -----------
   COMMON STOCK                                     5,450,979    5,450,979     5,450,979     5,450,979      5,450,979
                                                  -----------  -----------   -----------   -----------    -----------
   PAID IN CAPITAL                                  1,172,366    1,172,366     1,172,366     1,172,366      1,172,366
                                                  -----------  -----------   -----------   -----------    -----------
   RETAINED EARNINGS
     Through filing date                            9,674,670    9,674,670     9,674,670     9,674,670      9,674,670
                                                  -----------  -----------   -----------   -----------    -----------
     Post filing date                              (4,815,953   (5,314,553)   (6,364,455)   (6,998,329)    (7,945,525)
                                                  -----------  -----------   -----------   -----------    -----------
   ACCUMULATED OTHER COMPREHENSIVE PROFIT (LOSS)   (2,856,089   (2,881,849)   (2,920,351)   (2,889,933)    (3,256,544)
                                                  -----------  -----------   -----------   -----------    -----------
TOTAL SHAREHOLDERS' EQUITY                          9,725,774    9,173,413     7,951,009     7,295,553      5,814,746
                                                  -----------  -----------   -----------   -----------    -----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY        $65,944,337  $65,554,095   $64,631,719   $64,251,534    $60,082,931
                                                  ===========  ============  ============  ============   ===========
</TABLE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>5
<FILENAME>dex993.txt
<DESCRIPTION>ACCOUNTS REC. 4/28/02-5/25/02
<TEXT>
<PAGE>
                                                                    Exhibit 99.3
                                                                       Page 8

Case Name: Aerovox, Inc.                                              FORM OPR-3
Case No.:  01-14680 jnf
TRADE ACCOUNTS RECEIVABLE

<TABLE>
<CAPTION>
                                       Total           Current     1-30 days   31-60 days   61-90 days  over 90 days
                                       -----           -------     ---------   ----------   ----------  ------------
<S>                                  <C>              <C>         <C>            <C>          <C>        <C>
Month: January 26, 2002               7,167,409        4,062,705   1,346,965      398,867      217,644    1,141,228
 Allowance for Doubtful Accounts     (1,359,439)

Month: February 23, 2002              7,698,454        4,385,692   1,879,006      158,952       79,734    1,195,070
 Allowance for Doubtful Accounts     (1,368,595)

Month: March 30, 2002                 7,498,202        4,572,748   2,099,469      278,322      (12,390)     560,053
 Allowance for Doubtful Accounts       (973,473)

Month: April 27, 2002                 7,458,906        5,024,894   1,932,989      103,705        6,394      390,924
 Allowance for Doubtful Accounts       (983,473)

Month: May 25, 2002                   7,695,437        5,139,906   2,176,361       86,565      (10,816)     303,421
 Allowance for Doubtful Accounts       (995,173)
</TABLE>

Note: Days aged denotes past due, i.e. 1-30 days past due.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>6
<FILENAME>dex994.txt
<DESCRIPTION>SCHEDULE OF POST PETITION LIABILITIES 5/25/02
<TEXT>
<PAGE>
                                                                    Exhibit 99.4
                                                                       Page 9

                      SCHEDULE OF POST PETITION LIABILITIES           FORM OPR-4
                        FOR MONTH ENDED: April 27, 2002

CASE NAME:  Aerovox, Inc.

CASE NO:    01-14680 jnf

<TABLE>
                                  DATE       DATE       TOTAL
                                INCURRED     DUE         DUE      0-30 DAYS 31-60 DAYS  61-90 DAYS    OVER 90 DAYS
                                --------     ---         ---      --------- ----------  ----------    ------------
<S>                           <C>         <C>      <C>          <C>         <C>         <C>        <C>
TAXES PAYABLE
  Federal Income Taxes                                      0            0          0           0               0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  FICA - employer's share       05/23/02  05/30/02      9,493        9,493          0           0               0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  FICA - employees' share       05/23/02  05/30/02      9,493        9,493          0           0               0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  Withholding tax               05/23/02  05/30/02      8,636        8,636          0           0               0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  State income tax                                          0           $0         $0          $0              $0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  State sales and use tax                                   0            -         $0          $0              $0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  State franchise tax                                       0            0          0          $0              $0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  Personal property tax                                     0            0          0          $0              $0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
      TOTAL TAXES PAYABLE                             $27,622      $27,622         $0          $0              $0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
POST PETITION SECURED DEBT                                  0            0         $0          $0              $0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
POST PETITION UNSECURED DEBT                                0            0         $0          $0              $0
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
ACCRUED INTEREST PAYABLE                            1,901,594      157,870    128,051     210,188       1,405,485
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
TRADE ACCOUNTS PAYABLE & OTHER
(List separately)*

  Accrued benefits                                     32,617       32,617          -           -               -
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  Trade accounts payable*      various    various     173,453      114,028      3,348       4,056          52,021
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  Accrued payroll              05/23/02   05/30/02     65,266       65,266          -           -               -
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  Other accrued expenses       various    various   1,240,347    1,240,347          -           -               -
                              ----------  -------- ----------   ----------  ---------   ---------  --------------
  TOTALS                                            3,440,899    1,637,750    131,399     214,244       1,457,506
                              ==========  ======== ==========   ==========  =========   =========  ==============
</TABLE>
------------
* Attach separate sheet if necessary.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4.1
<SEQUENCE>7
<FILENAME>dex9941.txt
<DESCRIPTION>POST PETITION LIABILITIES DEAL
<TEXT>
<PAGE>
                                                                  Exhibit 99.4.1
                                                                         Page 10

<TABLE>
<CAPTION>
                                                                                                                 (greater than)
          Name                                Total           0-30          31-60        61-90        91-120           120
          ----                                -----           ----          -----        -----        ------          ----
<S>                                       <C>              <C>          <C>          <C>            <C>          <C>
A&R MACHINING/TOOL & DIE                     807.75          807.75            -            -              -             -
AA ELECTRIC, INC.                             81.81           81.81            -            -              -             -
ALLSTAR MAGNETICS INC.                     1,456.91        1,456.91            -            -              -             -
AMERICAN COPY SUPPLY, INC                    166.95          166.95            -            -              -             -
ARCO INC DBA NORTH. ELEC.                  1,900.00        1,900.00            -            -              -             -
ARGUS MANAGEMENT CORP.                    76,197.72        5,496.50     3,348.00     3,804.50       2,075.97     61,472.75
AVAYA, INC                                 1,977.13        1,977.13            -            -              -             -
BABBITT STEAM SPECIALTY                      485.04          485.04            -            -              -             -
BEACON LUMBER CO.                             29.67           29.67            -            -              -             -
BRAND DIELECTRIC INC.                        478.55          478.55            -            -              -             -
C & H DISTRIBUTORS, INC.                      35.58           35.58            -            -              -             -
CADANCE CORPORATION                          540.00          540.00            -            -              -             -
CONNECTICUT JIG GRINDING                     329.00          329.00            -            -              -             -
CONSUMERS INTERSTATE                         855.41          855.41            -            -              -             -
CORP BROTHERS INC.                           226.23          226.23            -            -              -             -
CSC SCIENTIFIC CO. INC.                  (14,520.12)              -            -            -     (14,520.12)            -
EAGLE ELECTRIC SUPPLY CO.                    488.23          488.23            -            -              -             -
EYELET TECH LLC                            8,345.00        8,345.00            -            -              -             -
FISH & RICHARDSON P.C.                     1,547.20        1,440.00            -            -              -        107.20
FRANK I. ROUNDS CO.                           11.25           11.25            -            -              -             -
GENERAL TOOL & SUPPLY CO.                    (16.33)         (16.33)           -            -              -             -
INDUSTRIAL CHEMICAL INC.                   3,236.46        3,236.46            -            -              -             -
ISELANN-MOSS INDUS., INC.                    353.60          353.60            -            -              -             -
ITEN INDUSTRIES                            1,822.61        1,822.61            -            -              -             -
J.B. ASSOCIATES                              163.00          163.00            -            -              -             -
LEHIGH-ARMSTRONG, INC.                     1,532.75        1,532.75            -            -              -             -
M H DIELECTRICS, INC.                      2,638.00        2,638.00            -            -              -             -
MANAGE, INC.                               6,922.02        6,922.02            -            -              -             -
MARKEM CORPORATION                           199.13          199.13            -            -              -             -
MASON CAN COMPANY                          1,470.00        1,470.00            -            -              -             -
MASS CONTAINER                               895.50          895.50            -            -              -             -
MCDONALD INVESTMENTS INC.                  2,884.68               -            -            -              -      2,884.68
MCMASTER/CARR SUPPLY CO                    3,390.51        3,390.51            -            -              -             -
METRIC & MULTI-STANDARD                           -               -            -            -              -             -
MILHENCH INDUSTRIAL                          131.98          131.98            -            -              -             -
NALCO CHEMICAL CO.                         1,129.25        1,129.25            -            -              -             -
NERAC                                        134.47          134.47            -            -              -             -
NEWARK ELECTRONICS CORP                       50.57           50.57            -            -              -             -
NISSEKI CHEMICAL TEXAS                    42,574.10       42,574.10            -            -              -             -
P & H TRAILER ENTERPRISES                    575.00          575.00            -            -              -             -
PACER ELECTRONICS                          3,022.00        3,022.00            -            -              -             -
PARAGON STAMP WORKS                            0.30               -            -            -              -          0.30
PARAMOUNT TUBE INC                           (34.36)              -            -       (34.36)             -             -
PENCILS, INC.                                434.95          434.95            -            -              -             -
REMACHES DE PUERTO RICO                    4,163.22        4,163.22            -            -              -             -
ROCKET CITY PACKAGING                      1,099.04        1,099.04            -            -              -             -
RTS PACKAGING, LLC                           473.29          473.29            -            -              -             -
SAHM TOOL & CARBIDE                          236.43          236.43            -            -              -             -
SOLBERG MANUFACTURING                        285.85               -            -       285.85              -             -
SOUTHERN CARTON COMPANY                    1,057.32        1,057.32            -            -              -             -
SPILLER'S                                     54.59           54.59            -            -              -             -
SPIRIG ADVANCED TECH. INC.                   130.00          130.00            -            -              -             -
STEEL HEDDLE                               2,324.56        2,324.56            -            -              -             -
THARCO                                       543.56          543.56            -            -              -             -
THE WAVEROOM PLUS                            991.00          991.00            -            -              -             -
TORAY PLASTICS AMERICA                     6,377.16        6,377.16            -            -              -             -
TRI STAR PLASTIC CORP.                       147.00          147.00            -            -              -             -
UNIVERSAL PRODUCTS CO.                       620.00          620.00            -            -              -             -
Grand Total                              173,452.52      114,027.75     3,348.00     4,055.99     (12,444.15)    64,464.93
</TABLE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>8
<FILENAME>dex995.txt
<DESCRIPTION>INCOME STATEMENT 4/28/02-5/25/02
<TEXT>
<PAGE>
                                                                    Exhibit 99.5
                                                                       Page 11

                                INCOME STATEMENT                      FORM OPR-4
                        FOR MONTH ENDED:

CASE NAME:  Aerovox, Inc.

CASE NO:    01-14680 jnf

<TABLE>
                                                                                                                           FILING
                                   January 26, 2002  February 23, 2002  March 30, 2002  April 27, 2002   May 25, 2002     TO DATE
                                   ----------------  -----------------  --------------  --------------   ------------     -------
<S>                                <C>               <C>                <C>             <C>             <C>             <C>
NET REVENUE (INCOME)                 $ 4,348,787        $4,393,907        $ 5,824,946     $4,969,029     $ 4,964,234    $57,167,637
                                     -----------        ----------        -----------     ----------     -----------    -----------
COST OF GOODS SOLD:
   Materials                           2,604,864         2,815,366          3,547,290      3,068,703       3,179,029     33,971,252
                                     -----------        ----------        -----------     ----------     -----------    -----------
   Labor                                 360,765           490,911            597,403        528,401         520,710      5,538,818
                                     -----------        ----------        -----------     ----------     ------------   -----------
   Manufacturing Overhead                811,011         1,026,348          1,277,831      1,067,087       1,089,485     11,602,801
                                     -----------        ----------        -----------     ----------     -----------    -----------
     COST OF GOODS SOLD AT STANDARD    3,776,640         4,332,625          5,422,524      4,664,190       4,789,224     51,112,870
                                     -----------        ----------        -----------     ----------     -----------    -----------

   Variances
      (favorable)/unfavorable)           134,480          (342,209)           (54,515)      (847,620)       (303,658)      (938,742)
                                     -----------        ----------        -----------     ----------     -----------    -----------
     ACTUAL COST OF GOODS SOLD         3,911,119         3,990,416          5,368,008      3,816,570       4,485,566     50,174,128
                                     -----------        ----------        -----------     ----------     -----------    -----------
GROSS PROFIT                             437,668           403,492            456,938      1,152,459         478,668      6,993,508
                                     -----------        ----------        -----------     ----------     -----------    -----------

OPERATING EXPENSES:
   Selling and Marketing                 119,104           134,513            212,677         91,403         105,014      1,504,754
                                     -----------        ----------        -----------     ----------     -----------    -----------
   R & D and Product Services             83,704            79,004             97,189         69,401          70,515      1,025,532
                                     -----------        ----------        -----------     ----------     -----------    -----------
   General and Administrative            350,358           333,772            718,069        602,598         599,328      5,151,386
                                     -----------        ----------        -----------     ----------     -----------    -----------
     TOTAL OPERATING EXPENSES            553,166           547,289          1,027,935        763,402         774,857      7,681,672
                                     -----------        ----------        -----------     ----------     -----------    -----------

INCOME BEFORE INTEREST,
   DEPRECIATION, TAXES,
   OR EXTRAORDINARY EXPENSES            (115,498)         (143,798)          (570,997)       389,058        (296,189)      (688,164)
                                     -----------        ----------        -----------     ----------     -----------    -----------
INTEREST EXPENSE                         141,470           144,052            184,368        101,370         131,190      1,802,867
                                     -----------        ----------        -----------     ----------     -----------    -----------
DEPRECIATION                             286,545           267,909            268,358        268,356         268,355      3,339,987
                                     -----------        ----------        -----------     ----------     -----------    -----------
INCOME TAX EXPENSE (BENEFIT)                   0                 0             36,901              0               0         52,527
                                     -----------        ----------        -----------     ----------     -----------    -----------
OTHER INCOME (EXPENSE)                  (568,939)           29,160           (123,280)      (705,206)       (418,463)    (3,089,581)
                                     -----------        ----------        -----------     ----------     -----------    -----------
  NET INCOME (LOSS)                  $(1,112,452)       $ (526,599)       $(1,183,903)    $ (685,874)    $(1,114,196)   $(8,973,125)
                                     ===========        ==========        ===========     ==========     ===========    ===========
</TABLE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>9
<FILENAME>dex996.txt
<DESCRIPTION>STATEMENT OF SOURCES/USES CASH 4/28-5/25/02
<TEXT>
<PAGE>
                                                                    Exhibit 99.3
                                                                       Page 8
                  STATEMENT OF SOURCES AND USES OF CASH
..                           FOR MONTH ENDED:                         FORM OPR-3

Case Name: Aerovox, Inc
Case No.:  01-14680 jnf
<TABLE>
<CAPTION>

                                                   26-Jan-02      23-Feb-02       30-Mar-02         27-Apr-02        25-May-02
                                                   ---------      ---------       ---------         ---------        ---------
<S>                                             <C>              <C>            <C>              <C>               <C>
SOURCES OF CASH
   Net income (loss)                             $(1,112,452)   $  (526,599)    $(1,183,903)       $ (685,874)     $(1,114,196)
                                                 -----------    -----------     -----------        ----------      -----------
      Depreciation and amortization                  286,545        267,909         268,358           268,356          268,355
                                                 -----------    -----------     -----------        ----------      -----------
      Other non-cash                                 337,159                                                           571,851
                                                 -----------    -----------     -----------        ----------      -----------
      Increase in allowance for doubtful
         accounts                                      9,000          9,156        (395,122)           10,000           11,700
                                                 -----------    -----------     -----------        ----------      -----------

OPERATIONS
   Add: Decrease in assets
                                                 -----------    -----------     -----------        ----------      -----------
      Accounts receivable                             63,444              0         200,251            39,296                0
                                                 -----------    -----------     -----------        ----------      -----------
      Inventory, at cost                             392,468        188,497         369,499                 0          294,231
                                                 -----------    -----------     -----------        ----------      -----------
      Prepaid expenses and current assets                  0              0          35,396            34,299           33,950
                                                 -----------    -----------     -----------        ----------      -----------
      Property, plant and equipment                   26,486              0               0                 0                0
                                                 -----------    -----------     -----------        ----------      -----------
      Other (including Intercompany activity)        121,585        208,623         381,795           688,665        5,142,526
                                                 -----------    -----------     -----------        ----------      -----------
   Increases in liabilities:

      Pre petition liabilities                             0              0               0                 0                0
                                                 -----------    -----------     -----------        ----------      -----------
      Post petition liabilities                      128,470        388,052         585,770           275,271          512,204
                                                 -----------    -----------     -----------        ----------      -----------
      Other liabilities per book                           0              0               0                 0                0
                                                 -----------    -----------     -----------        ----------      -----------
   TOTAL SOURCES OF CASH (A)                         252,705        535,639         262,045           630,013        5,720,621
                                                 -----------    -----------     -----------        ----------      -----------

USES OF CASH
   Less: Increase in assets:

      Accounts receivable                                  0       (531,045)              0                 0         (236,531)
                                                 -----------    -----------     -----------        ----------      -----------
      Inventory, at cost                                   0              0               0          (208,783)               0
                                                 -----------    -----------     -----------        ----------      -----------
      Prepaids and other assets                      (64,036)       (19,110)              0                 0                0
                                                 -----------    -----------     -----------        ----------      -----------
      Property, plant, and equipment                       0         (1,480)           (214)           (3,223)               0
                                                 -----------    -----------     -----------        ----------      -----------
      Other (including Intercompany activity)        (29,902)      (217,500)              0          (417,207)        (855,614)
                                                 -----------    -----------     -----------        ----------      -----------
   Decreases in liabilities:

      Pre petition liabilities                      (157,963)      (225,933)       (285,742)                0       (3,200,000)
                                                 -----------    -----------     -----------        ----------      -----------
      Post petition liabilities                            0              0               0                 0                0
                                                 -----------    -----------     -----------        ----------      -----------
      Other liabilities per book                      12,615        (25,761)        (38,503)           30,417         (366,612)
                                                 -----------    -----------     -----------        ----------      -----------
   TOTAL USES OF CASH (B)                           (239,286)    (1,020,829)       (324,459)         (598,797)      (4,658,757)
                                                 -----------    -----------     -----------        ----------      -----------
NET SOURCE (USE) OF CASH (A-B=NET)                    13,419       (485,191)        (62,414)           31,216        1,061,864
                                                 -----------    -----------     -----------        ----------      -----------
CASH-BEGINNING BALANCE (See OPR-1)                 4,019,747      4,033,165       3,547,975         3,485,561        3,516,777
                                                 -----------    -----------     -----------        ----------      -----------
CASH-ENDING BALANCE (See OPR-1)                  $ 4,033,165    $ 3,547,975     $ 3,485,561        $3,516,777      $ 4,578,641
                                                 ===========    ===========     ===========        ==========      ===========

</TABLE>

</TEXT>
</DOCUMENT>
</SUBMISSION>
