<SUBMISSION>
<ACCESSION-NUMBER>0000950144-01-004224
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20010301
<ITEMS>5
<ITEMS>7
<FILING-DATE>20010329
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>DORSEY TRAILERS INC
<CIK>0000924117
<ASSIGNED-SIC>3715
<IRS-NUMBER>582110729
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-24354
<FILM-NUMBER>1583577
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ONE PACES WEST STE 1700
<STREET2>2727 PACES FERRY RD
<CITY>ATLANTA
<STATE>GA
<ZIP>30339
<PHONE>7704389595
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2727 PACES FERRY RD
<STREET2>ONE PACES W SUITE 1700
<CITY>ATLANTA
<STATE>GA
<ZIP>30339
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>g68137be8-k.txt
<DESCRIPTION>DORSEY TRAILERS, INC.
<TEXT>

<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 or 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  March 1, 2001

Commission File Number:                 0-24354
                        --------------------------------------------------------

                              DORSEY TRAILERS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         Delaware                                         58-2110729
------------------------                                  ----------------------
(State of Incorporation)                                  (IRS Employer
                                                          Identification Number)

 1201 Peachtree Street N.E.
         Suite 1022
      Atlanta, Georgia                                    30361
----------------------------------------                  ----------------------
(Address of principal executive offices)                  (Zip Code)


Registrant's telephone number, including area code:       (404) 815-6717
                                                          ----------------------




<PAGE>   2

                              DORSEY TRAILERS, INC.

                                    FORM 8-K


ITEM 5.  Other Information

         As previously announced, Dorsey Trailers, Inc. (the "Company") filed a
voluntary petition for Relief under the provisions of Chapter 11 of the U.S.
Bankruptcy Court for the Middle District of Alabama, Montgomery, Alabama
(Bankruptcy Case No. 00-6792-WRS) on December 4, 2000. The Company is in the
process of requesting that the Securities and Exchange Commission ("SEC") modify
the reporting requirements as they apply to the Company as permitted under SEC
Act Release No. 9660. As such the Company will report under cover of Form 8-K
the Company's monthly financial statements as required by the Bankruptcy Court.
Attached as Exhibit 99.1 are the Company's financial statements as of January
27, 2001 and for the month ending January 27, 2001 as filed with the Bankruptcy
Court on March 1, 2001.


ITEM 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (a)      Financial Statements.

                           None.

         (b)      Pro Forma Financial Information.

                           None.

         (c)      Exhibits.

                           99.1 Financial statements as of January 27, 2001 and
                           for the month ending January 27, 2001.


<PAGE>   3

SIGNATURES

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 authorized.

                                               DORSEY TRAILERS, INC.

Date:       March 28, 2001                     By:    /s/ Lorri M. Palko
       -----------------------                      ----------------------------
                                                     Lorri M. Palko
                                                     President


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>g68137bex99-1.txt
<DESCRIPTION>FINANCIAL STATEMENTS
<TEXT>

<PAGE>   1

                                                                    Exhibit 99.1

                     DORSEY TRAILERS, INC. CASE NO. 00-06792
                                  Balance Sheet
                             As of January 27, 2001

                          ASSETS

Current assets
Cash
      Pre-petition bank accounts                                $     34,382
      Post-petition bank accounts
              Operating                                              506,483
               Payroll                                                28,332
               Tax                                                    28,573
      Petty cash                                                       1,180
                                                                ------------
        Total cash                                                   598,950

Accounts receivable
    Pre-petition                                                     447,161
    Post-petition                                                    231,428
  Allowance for doubtful accounts                                    (17,368)
  Other receivable                                                    51,554
                                                                ------------
    Total accounts receivable                                        712,775

Inventory
  Raw materials                                                    7,001,704
  Work-in-process                                                    113,479
  Finished goods                                                     438,318
  Used trailers                                                      184,919
  Inventory reserves                                              (4,948,070)
                                                                ------------
    Total inventory                                                2,790,350

Other current assets                                                  91,474
                                                                ------------
Total current assets                                               4,193,549

 Property, plant and equipment                                     6,140,000

Other assets
   Note receivable                                                   443,376
   Deposits                                                          125,844
                                                                ------------
    Total other assets                                               569,220
                                                                ------------

Total assets                                                    $ 10,902,769
                                                                ============


         LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable  Pre-petition                                $ 16,051,030
  Accounts payable  Post-petition                                    133,615
  Accrued expenses  Pre-petition                                   4,053,336
  Accrued expenses  Post-petition                                     86,764
  Revolving line of credit                                         1,730,362
  Other debt                                                       8,180,153
                                                                ------------
    Total current liabilities                                     30,235,260

Long-term pension liability Pre-petition                           1,600,000
Long-term warranty reserve Pre-petition                              516,000
                                                                ------------

Total liabilities                                                 32,351,260
                                                                ------------

Stockholders' deficit
Preferred stock, $.01 par value, 500,000 shares
     authorized; none issued or outstanding                               --
Common stock, $.01 par value, 30,000,000 shares
     authorized, 5,054,049 shares issued and outstanding              50,540
Additional paid-in capital                                         2,731,378
Accumulated deficit                                              (24,230,409)
                                                                ------------
  Total stockholders' deficit                                    (21,448,491)
                                                                ------------

Total liabilities and stockholders' deficit                     $ 10,902,769
                                                                ============


                                       1
<PAGE>   2

                     DORSEY TRAILERS, INC. CASE NO. 00-06792
                             Statement of Operations
                      For the Month Ending January 27, 2001


Sales                                            $ 398,949
Cost of sales                                      574,022
                                                 ---------
Gross loss                                        (175,073)

Selling, general and
     administrative expenses                       205,393
                                                 ---------
Loss from operations                              (380,466)

Interest expense, net                               64,823
                                                 ---------
Loss before income taxes                          (445,289)
Provision for (benefit from) income taxes               --
                                                 ---------

Net loss                                         $(445,289)
                                                 =========


                                       2
<PAGE>   3

                     DORSEY TRAILERS, INC. CASE NO. 00-06792
               AGING OF ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE
                             AS OF JANUARY 27, 2001

                       ACCOUNTS PAYABLE     ACCOUNTS
                          & ACCRUED        RECEIVABLE
                          EXPENSES        (PRE & POST-
                        (POST-PETITION)     PETITION)
                       ----------------   ------------

Current to 30 days        $220,379        $ 55,685

31 to 60 days                   --         170,266

61 to 90 days                   --         214,440

91 to 120 days                  --         166,828

121 days and older              --          71,370
                          --------        --------

Total                     $220,379        $678,589
                          ========        ========


                                       3
<PAGE>   4

                     DORSEY TRAILERS, INC. CASE NO. 00-06792
                              OTHER MONIES ON HAND
                             AS OF JANUARY 27, 2001


 Other Monies on hand:
 (identify any other monies on hand such as petty cash, etc. and amount)

                     1  Petty Cash                       $ 1,180
                                                         =======





                                       4
<PAGE>   5

                     DORSEY TRAILERS, INC. CASE NO. 00-06792
                         STATEMENT OF STATUS OF PAYMENTS
                      MADE TO SECURED CREDITORS AND LESSORS
                      FOR THE MONTH ENDING JANUARY 27, 2001

 Secured creditors:

<TABLE>
<S>     <C>                                               <C>                   <C>          <C>
        1.)    Foothill Capital Corp.

               Regular contracted payment:                           $ -  per            -
                                                          ---------------     -------------
               Adequate protection payment offered:                  $ -  per            -
                                                          ---------------     -------------
               Current period adequate protection payments made by wire:          Date       Amount

                                                                                1/4/2001     $   5,266
                                                                                1/5/2001        18,353
                                                                                1/8/2001        18,353
                                                                                1/8/2001       147,080
                                                                                1/9/2001       198,248
                                                                               1/10/2001        31,940
                                                                               1/11/2001        11,556
                                                                               1/11/2001        91,137
                                                                               1/16/2001         2,709
                                                                               1/16/2001        39,212
                                                                               1/17/2001         7,123
                                                                               1/18/2001         8,148
                                                                               1/18/2001        54,154
                                                                               1/19/2001        76,951
                                                                               1/22/2001        21,729
                                                                               1/23/2001         7,427
                                                                               1/24/2001           546
                                                                               1/25/2001       107,253
                                                                               1/26/2001         5,097
                                                                                             ---------
                                                                                             $ 852,282

               Number of Post-petition adequate protection payments not made since filing: #         -     Amount           $ -
                                                                                             ----------           --------------

        2.)    Bankhead Enterprises

               Regular contracted payment:                      $ 89,251  per  quarter.
                                                          ---------------
               Adequate protection payment offered:                  $ -  per            -
                                                          ---------------     -------------
               Check number of current period adequate protection payment                -       Amount        $ -
                                                                              -------------             -----------
               Number of Post-petition adequate protection payments not made since filing: #     1          Amount      $ 89,251
                                                                                             ----------           --------------

        3.)    Small Business Administration

               Regular contracted payment:                      $ 40,500  per  month.
                                                          ---------------
               Adequate protection payment offered:                  $ -  per
               Check number of current period adequate protection payment                -       Amount        $ -
                                                                              -------------             -----------
               Number of Post-petition adequate protection payments not made since filing: #          -     Amount           $ -
                                                                                             ----------           --------------

               Note:  SBA payments had been deferred until February 3, 2001 per a moratorium granted July 17, 2000.
</TABLE>

 Lessors whose leases have not been rejected:

               None for this period



                                       5
<PAGE>   6

                   DORSEY TRAILERS, INC. CASE NO. 00-6792-WRS
                             PREPARER'S CERTIFICATE


As the preparer of the foregoing report, I hereby certify under penalty of
perjury that the information contained herein is truthful, complete, and
accurate to the best of my knowledge and belief.


Dated: February 23, 2001           /s/ Allyson V. Turnbull
       -----------------           -----------------------
                                   Preparer's Signature


                                   /s/ Keith B. Lonergan
                                   ---------------------------------
                                   Debtor's Signature


                                   Allyson V. Turnbull, Corporate Controller
                                   -----------------------------------------
                                   Preparer's name (typed/printed)


                                   1315 Hickman St.
                                   ---------------------------------
                                   Preparer's address


                                   Elba, Alabama   36323
                                   ---------------------------------
                                   City       State        Zip



                             CERTIFICATE OF SERVICE

The undersigned hereby certifies that a copy of the foregoing report has this
date been served on all parties in interest and the bankruptcy administrator by
placing a copy of the sale in the United State mail with sufficient postage
prepaid.


Done this 1st day of March, 2001.


                                   /s/ Cameron A. Metcalf
                                   ---------------------------------
                                   Signature


                                       6
</TEXT>
</DOCUMENT>
</SUBMISSION>
