8-K

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 Exchange Act of 1934

Date of Report (Date of earliest event reported): June 29, 2009

VeraSun Energy Corporation

(Exact name of registrant as specified in its charter)

South Dakota	001-32913	20-3430241
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

110 N. Minnesota Ave., Suite 300

Sioux Falls, South Dakota 57104

(Address of principal executive offices) (Zip Code)

(605) 978-7000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On June 29, 2009, VeraSun Energy Corporation (the “Company”) and certain of its subsidiaries (collectively, including the Company, the “Debtors”), as required in connection with the Debtors’ cases (In re VeraSun Energy Corporation, et al., Case No. 08-12606 (BLS)) under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”), filed an unaudited consolidated Monthly Operating Report for the month ended May 31, 2009 (the “Monthly Operating Report”) with the United States Bankruptcy Court for the District of Delaware. A copy of the Monthly Operating Report is filed as Exhibit 99.1 to this report.

The Monthly Operating Report was prepared solely for the purpose of complying with monthly reporting requirements, and in a format prescribed, under the Bankruptcy Code and should not be used for investment purposes. The Monthly Operating Report is limited in scope and covers a limited time period and may not be indicative of the Company’s financial condition or results of operations for any period that would be reflected in the Company’s financial statements or its periodic reports under the Securities Exchange Act of 1934, as amended. The financial information that the Monthly Operating Report contains is preliminary and unaudited and is subject to revision. The financial statements in the Monthly Operating Report are not prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and, therefore, may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, valuations and disclosures. There can be no assurance that the information in the Monthly Operating Report is complete, and the Company cautions readers not to place undue reliance on the Monthly Operating Report. The information in the Monthly Operating Report is not, and should not be viewed as, indicative of future results.

Additional information regarding the Debtors’ bankruptcy cases, including access to court documents and other general information, is available through the Company’s web site at http://www.verasun.com by following the link to “REORGANIZATION INFORMATION” or at http://www.kccllc.net/verasun. Information contained on, or that can be accessed through, such web sites is not part of this report.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Monthly Operating Report for the month ended May 31, 2009

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In particular, statements by the Company regarding its chapter 11 reorganization process, as well as other statements of management’s expectations, anticipations, beliefs, plans, intentions, targets, estimates, or projections and similar expressions relating to the future, are forward-looking statements within the meaning of these laws. Forward-looking statements in some cases can be identified by their being preceded by, followed by or containing words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target” and other similar expressions. Forward-looking statements are based on assumptions and assessments made by the Company’s management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements are not guarantees of the Company’s future performance and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.

Some of the factors that may cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements include the following: the ability of the Company (which term, unless otherwise specified or the context otherwise requires, refers in this paragraph to VeraSun Energy Corporation and its subsidiaries) to fund the wind-down of its operations and the implementation of any plan of reorganization; the Company’s ability to obtain court approval with respect to motions in the chapter 11

proceedings prosecuted by the Company from time to time; the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the chapter 11 cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the bankruptcy cases to chapter 7 cases; the Company’s ability to maintain contracts that are critical to its operations; and the potential adverse impact of the chapter 11 cases on the Company’s liquidity or results of operations. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various pre-petition liabilities. No assurance can be given as to what values, if any, will be ascribed in the chapter 11 proceeding to each of these constituencies. Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities. The Company expects that, upon effectiveness of the plan of reorganization, the Company’s common stock will be cancelled for no consideration.

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 hereunto duly authorized.

	VERASUN ENERGY CORPORATION
Date: June 29, 2009	By:	/s/ Mark Dickey
		Mark Dickey
		Senior Vice President, General Counsel and Corporate Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Monthly Operating Report for the month ended May 31, 2009

EX-99.1

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

CORPORATE MONTHLY OPERATING REPORT

File with the Court and submit a copy to the United States Trustee within 30 days after the end of the month and submit a copy of the report to any official committee appointed in the case.

REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts	MOR-1a	x
Schedule of Disbursements	MOR-1b	x
Bank Account Information	MOR-1c	x
Copies of bank statements (See Notes to the MOR)			x
Cash disbursements journals (See Notes to the MOR)			x
Statement of Operations (Income Statement)	MOR-2	x
Balance Sheet	MOR-3	x
Status of Post-petition Taxes	MOR-4	x
Copies of IRS Form 6123 or payment receipt (See Notes to the MOR)			x
Copies of tax returns filed during reporting period (See Notes to the MOR)			x
Summary of Unpaid Post-petition Debts (See Notes to the MOR)	MOR-4		x
Listing of Aged Accounts Payable (See Notes to the MOR)			x
Accounts Receivable Reconciliation and Aging (See Notes to the MOR)	MOR-5	x	x
Taxes Reconciliation and Aging (See MOR-7)	MOR-5		x
Payments to Insiders and Professional	MOR-6	x
Post Petition Secured Notes Adequate Protection Payments	MOR-6	x
Debtor Questionnaire	MOR-7	x

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Mark Dickey	6/29/2009
Signature of Authorized Individual*	Date
Mark Dickey
Printed Name of Authorized Individual
SVP General Counsel & Secretary
Title

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

MOR NOTES

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

GENERAL:

The report includes activity from the following Debtors and related case numbers:

Debtor	Case Number
ASA Albion, LLC	08-12607
ASA Bloomingburg, LLC	08-12608
ASA Linden, LLC	08-12609
ASA OpCo Holdings, LLC	08-12610
US Bio Marion, LLC	08-12611
US BioEnergy Corporation	08-12612
VeraSun Albert City, LLC	08-12613
VeraSun Aurora Corporation	08-12614
VeraSun BioDiesel, LLC	08-12605
VeraSun Central City, LLC	08-12615
VeraSun Charles City, LLC	08-12616
VeraSun Dyersville, LLC	08-12617
VeraSun Energy Corporation	08-12606
VeraSun Fort Dodge, LLC	08-12618
VeraSun Granite City, LLC	08-12619
VeraSun Hankinson, LLC	08-12620
VeraSun Hartley, LLC	08-12621
VeraSun Janesville, LLC	08-12622
VeraSun Litchfield, LLC	08-12623
VeraSun Marketing, LLC	08-12624
VeraSun Ord, LLC	08-12625
VeraSun Reynolds, LLC	08-12626
VeraSun Tilton, LLC	08-12627
VeraSun Welcome, LLC	08-12628
VeraSun Woodbury, LLC	08-12629

MOR NOTES

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

Notes to MOR-1a:

Cash receipts related to intercompany transfers among the various Debtor entities jointly administered under case number 08-12606 (each a “Debtor” and, collectively, the “Debtors”) are not included in this schedule except transfers of funding from VeraSun Energy Corporation (“VEC”) and ASA OpCo Holdings, LLC (“ASA OpCo”) to subsidiary Debtor entities and transfers of payments from VeraSun Marketing, LLC (“VeraSun Marketing”) to other VeraSun legacy Debtor entities.

Notes to MOR-1b:

All cash disbursements exclude intercompany transfers among the Debtor entities except transfers of funding from VEC and ASA OpCo to subsidiary debtor entities and transfers of payments from VeraSun Marketing to other VeraSun legacy Debtor entities.

Cash disbursements for VeraSun Albert City, LLC and ASA OpCo include disbursements made on Debtor-in-Possession (“DIP”) and pre-petition secured debt obligations from proceeds obtained as part of selling substantially all the assets of those Debtors.

Notes to MOR-1c:

All amounts listed are the bank balances as of the end of the month.

Notes to MOR-2:

The Statement of Operations (Income Statement) reflects revenue and expenses that directly correspond to the Debtor legal entity except VeraSun Tilton, LLC, which does not maintain separate accounting records.

Reorganization items, net includes the gain or loss recorded on the sale of substantially all the ASA OpCo, ASA Albion, ASA Bloomingburg, and ASA Linden assets during May 2009.

Any changes to prior period income/expense amounts will be reflected in the current Monthly Operating Report (the “MOR”).

Notes to MOR-3:

The Balance Sheet reflects assets, liabilities, and shareholders’ equity that directly correspond to the Debtor legal entity except VeraSun Tilton, LLC, which does not maintain separate accounting records. The accounting records of the parent VEC includes land owned by VeraSun Tilton, LLC, carried at approximately $4.3 million.

On February 19, 2009, the Bankruptcy Court entered the Order Pursuant to 11 U.S.C. §§ 105(A), 363, 365 and Fed. R. Bankr. P. 2002, 6004, 6006 Establishing Bidding and Auction Procedures Related to the Sale of Some or All of the Debtors’ Assets. Accordingly, VEC and its subsidiary Debtor entities reclassified the long-lived assets to the line captioned “Assets held for sale” on MOR-3 and ceased depreciating such assets in accordance with Statements of Financial Accounting Standards No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets.”

On January 7, 2009, the Bankruptcy Court entered the Order Under 11 U.S.C. §§ 105 and 363 Approving Procedures to Sell Certain De Minimis Assets Free and Clear of Liens Claims, and Encumbrances Without Further Order of the Court (Docket No. 453). Pursuant to paragraph 2 of the De Minimis Asset Sale Order, the Debtors are required to disclose all de minimis asset sales with an aggregate sale price of less than $50,000 (the “Level 1 Sales”) consummated during any given month in their MOR. VEC incurred Level 1 Sales of $27,000 in the month of May 2009 for the sale of computer equipment and various office furniture.

Certain accruals are recorded monthly at VEC, ASA OpCo, and US BioEnergy Corporation and allocated to other Debtor entities when paid.

Because the Debtor entities file a joint Federal Income Tax return, individual Debtor entity balances would reflect assets and liabilities that net to the financial statement line on a combined basis. However, VEC recorded a full valuation allowance against deferred tax assets and liabilities; thus, these captions do not appear on MOR-3.

MOR NOTES

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

Intercompany balances subject to compromise and not subject to compromise are shown net by Debtor entity.

Any changes to prior period balances will be reflected in the current month MOR.

Notes to MOR-4:

The tax walk forward reflects both pre-petition and post-petition taxes, and the beginning balance for this MOR reflects accrued taxes as of October 31, 2008.

The decrease in Real Estate and Personal Property tax is due to these liabilities being assumed as part of the asset purchase agreements completed in May 2009.

VEC and related Debtors are current on all post petition payments other than disputes that arise in the ordinary course of business transactions.

Notes to MOR-5:

Ending third party accounts receivable balances by Debtor legal entity are listed on MOR-3, which the balance differ from the Accounts Receivable Aging primarily due to certain aged receivables are included on the line “Prepaid expenses and other assets”.

Notes to MOR-6:

Payments to insiders exclude intercompany payments between Debtor entities.

Notes to MOR-7:

The Debtor entities have made certain payments on account of pre-petition liabilities in accordance with orders of the Bankruptcy Court specifically authorizing payment of certain pre-petition liabilities.

Debtor entities from time to time have sold product to insider CHS, Inc and to its 100% owned subsidiary Provista LLC.

MOR-1a

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Schedule of Cash Receipts

(000’s)

TIME PERIOD:

5/1/2009—5/31/2009

(see Notes to the MOR related to MOR-1a)

Debtor	Case Number	Cash Receipts
ASA Albion, LLC	08-12607	$	—
ASA Bloomingburg., LLC	08-12608		—
ASA Linden, LLC	08-12609		305
ASA OpCo Holdings, LLC	08-12610		56,118
US Bio Marion, LLC	08-12611		—
US BioEnergy Corporation	08-12612		143
VeraSun Albert City, LLC	08-12613		69,893
VeraSun Aurora Corporation	08-12614		1
VeraSun BioDiesel, LLC	08-12605		—
VeraSun Central City, LLC	08-12615		27
VeraSun Charles City, LLC	08-12616		143
VeraSun Dyersville, LLC	08-12617		110
VeraSun Energy Corporation	08-12606		80
VeraSun Fort Dodge, LLC	08-12618		148
VeraSun Granite City, LLC	08-12619		—
VeraSun Hankinson, LLC	08-12620		4
VeraSun Hartley, LLC	08-12621		74
VeraSun Janesville, LLC	08-12622		—
VeraSun Litchfield, LLC	08-12623		—
VeraSun Marketing, LLC	08-12624		1,445
VeraSun Ord, LLC	08-12625		—
VeraSun Reynolds, LLC	08-12626		5
VeraSun Tilton, LLC	08-12627		—
VeraSun Welcome, LLC	08-12628		—
VeraSun Woodbury, LLC	08-12629		—
Total Cash Receipts		$	128,498

MOR-1b

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Schedule of Disbursements

(000’s)

TIME PERIOD:

5/1/2009—5/31/2009

(see Notes to the MOR related to MOR-1b)

Debtor	Case Number	Disbursements
ASA Albion, LLC	08-12607	$	31
ASA Bloomingburg, LLC	08-12608		48
ASA Linden, LLC	08-12609		315
ASA OpCo Holdings, LLC	08-12610		53,957
US Bio Marion, LLC	08-12611		282
US BioEnergy Corporation	08-12612		16
VeraSun Albert City, LLC	08-12613		70,097
VeraSun Aurora Corporation	08-12614		—
VeraSun BioDiesel, LLC	08-12605		—
VeraSun Central City, LLC	08-12615		245
VeraSun Charles City, LLC	08-12616		130
VeraSun Dyersville, LLC	08-12617		386
VeraSun Energy Corporation	08-12606		2,012
VeraSun Fort Dodge, LLC	08-12618		148
VeraSun Granite City, LLC	08-12619		—
VeraSun Hankinson, LLC	08-12620		264
VeraSun Hartley, LLC	08-12621		5
VeraSun Janesville, LLC	08-12622		1
VeraSun Litchfield, LLC	08-12623		—
VeraSun Marketing, LLC	08-12624		389
VeraSun Ord, LLC	08-12625		124
VeraSun Reynolds, LLC	08-12626		—
VeraSun Tilton, LLC	08-12627		—
VeraSun Welcome, LLC	08-12628		6
VeraSun Woodbury, LLC	08-12629		120
Total Disbursements		$	128,577

MOR-1c

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Bank Account Information

(000’s)

Legal Entity	Case No.	Bank and account description	Bank Account No.	Bank Balance
ASA Albion, LLC	08-12607	First National Bank Omaha - O&M	110118507	$	7
ASA Bloomingburg LLC	08-12608	First National Bank Omaha - O&M	110118497		55
ASA Linden, LLC	08-12609	First National Bank Omaha - O&M	110118484		34
ASA OpCo Holdings, LLC (b)	08-12610	First National Bank Omaha - O&M	110118510		—
	08-12610	Bank of America	3755553825		3,902
US Bio Marion LLC	08-12611	First Bank & Trust	1100101471		—
	08-12611	Bank of America	3755551267		513
	08-12611	Bank of America	3755553663		1,105
US BioEnergy Corporation	08-12612	Bank of America	3755551199		127
VeraSun Albert City, LLC	08-12613	Bank of America	3755551131		532
(a)	08-12613	US Bank - Valero Admin Payable	130625001		111
VeraSun Aurora Corporation	08-12614	First National Bank Omaha - O&M	110197793		1
VeraSun BioDiesel, LLC	08-12605	First National Bank Omaha - O&M	110193548		—
VeraSun Central City, LLC	08-12615	Bank of America	3755551144		77
	08-12615	Bank of America - Professional fees	3755553414		56
	08-12615	Bank of America - wind down acct	3755553427		326
VeraSun Charles City, LLC	08-12616	First National Bank Omaha - O&M	110211417		13
VeraSun Dyersville, LLC	08-12617	Bank of America	3755551160		110
	08-12617	Bank of America - Professional fees	3755553443		46
	08-12617	Bank of America - wind down acct	3755553456		210
VeraSun Energy Corporation	08-12606	First National Bank Omaha - O&M	110193438		10,818
	08-12606	Bank of America Utility Account	3755551429		3,643
(b)	08-12606	Bank of America DIP Account	3755551461		—
	08-12606	Bank of America Payroll	3755551241		22
	08-12606	Bank of America Sale Proceeds	3755552871		28,901
(b)	08-12606	Bank of America - Bidder	3755552884		—
	08-12606	Bank of America - AgStar Litigation	3755553207		14,756
	08-12606	Bank of America - Mechanic Lien Acct	3755553210		10,495
(b)	08-12606	Bank of America - Inventory Segregation	3755553333		—
(a)	08-12606	US Bank-Valero Admin Payable	130624001		7,375
(b)	08-12606	US Bank - Valero Trade Payable	130624000		—
(c)	08-12606	First National Bank Omaha Money Market	201651766-20		1,545
VeraSun Fort Dodge, LLC	08-12618	First National Bank Omaha - O&M	110118073		16
VeraSun Granite City, LLC	08-12619	First National Bank Omaha - O&M	110211145		57
VeraSun Hankinson, LLC	08-12620	Bank of America Account	3755551186		11
	08-12620	Bank of America Account	3755552541		142
	08-12620	Bank of America - Professional fees	3755553508		46
	08-12620	Bank of America - wind down acct	3755553511		478
	08-12620	Bank of America - Cure	3755553524		246
VeraSun Hartley, LLC	08-12621	First National Bank Omaha - O&M	110210845		75
VeraSun Janesville, LLC	08-12622	Bank of America	3755551173		—
	08-12622	Bank of America - wind down acct	3755553485		103
VeraSun Litchfield, LLC	08-12623	NONE	NONE		—
VeraSun Marketing, LLC	08-12624	First National Bank Omaha - Revenue	110203784		55,913
	08-12624	First National Bank Omaha - O&M	110203690		804
	08-12624	Bank of America Marketing Payroll	3755551254		5
VeraSun Ord, LLC	08-12625	Bank of America	3755551157		—
	08-12625	Bank of America - Professional fees	3755553537		108
	08-12625	Bank of America - wind down acct	3755553540		301
VeraSun Reynolds, LLC	08-12626	First National Bank Omaha - O&M	110211404		269
VeraSun Tilton, LLC	08-12627	NONE	NONE		—
VeraSun Welcome, LLC	08-12628	First National Bank Omaha - O&M	110203920		9
VeraSun Woodbury, LLC	08-12629	Bank of America	3755551128		2
	08-12629	Bank of America - Professional fees	3755553566		233
	08-12629	Bank of America - wind down acct	3755553579		207
				$	143,806

(a) Account was opened during May 2009 for professional fee activity.

(b) Account was officially closed and will not appear on future filed MOR-1c schedules.

(c) First National Bank Omaha maintains in its name an escrow account for cash backed letters of credit. Balance in this escrow account at May 31, 2009 was $9.7 million.

MOR-2

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	VeraSun Energy Corporation 08-12606			Aurora 08-12614			Fort Dodge 08-12618			Charles City 08-12616			Bio Diesel 08-12605		Marketing 08-12624			Litchfield 08-12623		Welcome 08-12628
Net revenue	$	—		$	—		$	—		$	—		$	—	$	(5	)	$	—	$	—
Cost of goods sold		—			(385	)		(146	)		(193	)		—		(683	)		—		—
Gross profit (loss)		—			385			146			193			—		678			—		—
Selling, general and administrative expenses		1,013			—			—			—			—		126			—		13
Operating income (loss)		(1,013	)		385			146			193			—		553			—		(13	)
Other income (expense):
Interest expense		1			—			—			—			—		—			—		—
Interest income		2			—			—			—			—		—			—		—
Other income (expense)		—			—			—			—			—		(1	)		—		—
Reorganization items, net		(475	)		(283	)		(261	)		(261	)		—		—			—		—
		(473	)		(283	)		(261	)		(261	)		—		(1	)		—		—
Income (loss) before income taxes		(1,485	)		102			(115	)		(68	)		—		552			—		(13	)
Income tax expense (benefit)		—			—			—			—			—		—			—		—
Net income (loss)	$	(1,485	)	$	102		$	(115	)	$	(68	)	$	—	$	552		$	—	$	(13	)

MOR-2

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	Hartley 08-12621			Granite City 08-12619		Reynolds 08-12626			Opco 08-12610			Linden 08-12609			Albion 08-12607			Bloomingburg 08-12608			Corporate 08-12612
Net revenue	$	—		$	—	$	—		$	—		$	—		$	—		$	—		$	—
Cost of goods sold		(31	)		—		—			—			116			(24	)		475			—
Gross profit (loss)		31			—		—			—			(116	)		24			(475	)		—
Selling, general and administrative expenses		—			—		(5	)		(167	)		(24	)		(23	)		(18	)		(222	)
Operating income (loss)		31			—		5			167			(92	)		47			(457	)		222
Other income (expense):
Interest expense		—			—		—			(68	)		—			—			—			—
Interest income		—			—		—			—			—			—			—			—
Other income (expense)		—			—		—			—			—			—			—			—
Reorganization items, net		(261	)		—		—			23,858			(15,086	)		(20,387	)		(14,383	)		—
		(261	)		—		—			23,790			(15,086	)		(20,387	)		(14,383	)		—
Income (loss) before income taxes		(230	)		—		5			23,957			(15,178	)		(20,340	)		(14,839	)		222
Income tax expense (benefit)		—			—		—			—			—			—			—			(127	)
Net income (loss)	$	(230	)	$	—	$	5		$	23,957		$	(15,178	)	$	(20,340	)	$	(14,839	)	$	349

MOR-2

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	Marion 08-12611			Hankinson 08-12620			Albert City 08-12613			Woodbury 08-12629			Central City 08-12615			Ord 08-12625			Dyersville 08-12617			Janesville 08-12622
Net revenue	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Cost of goods sold		122			59			(62	)		26			89			1			13			—
Gross profit (loss)		(122	)		(59	)		62			(26	)		(89	)		(1	)		(13	)		—
Selling, general and administrative expenses		3			3			5			1			4			1			3			1
Operating income (loss)		(125	)		(62	)		56			(27	)		(93	)		(2	)		(16	)		(1	)
Other income (expense):
Interest expense		—			—			—			—			—			—			—			—
Interest income		—			—			—			—			—			—			—			—
Other income (expense)		—			—			—			—			—			—			—			—
Reorganization items, net		(261	)		—			38			—			—			(3	)		—			—
		(261	)		—			38			—			—			(3	)		—			—
Income (loss) before income taxes		(386	)		(62	)		94			(27	)		(93	)		(6	)		(16	)		(1	)
Income tax expense (benefit)		—			—			—			—			—			—			—			—
Net income (loss)	$	(386	)	$	(62	)	$	94		$	(27	)	$	(93	)	$	(6	)	$	(16	)	$	(1	)

MOR-3

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	VeraSun Energy Corporation 08-12606			Aurora 08-12614			Fort Dodge 08-12618			Charles City 08-12616			Bio Diesel 08-12605			Marketing 08-12624			Litchfield 08-12623			Welcome 08-12628
Assets
Assets
Cash and cash equivalents	$	38,940		$	1		$	10		$	11		$	—		$	56,662		$	—		$	—
Restricted cash		47,471			—			—			—			—			—			—			—
Receivables		—			—			—			—			—			7,059			—			—
Prepaid expenses and other assets		5,162			141			282			2,144			—			1,013			—			—
Assets held for sale		4,456			—			—			—			235			—			2,741			—
Total Assets	$	96,030		$	142		$	292		$	2,155		$	235		$	64,733		$	2,741		$	—
Liabilities and Stockholders’ Equity
Liabilities
Accounts payable	$	1,796		$	—		$	65		$	2		$	—		$	1,885		$	—		$	2
Accrued expenses and other liabilities		9,124			—			—			587			—			191			—			—
Intercompany (receivable)/payable		(8,852	)		(2,014	)		(3,612	)		(165	)		1			33,110			20			1,445
Total Liabilities Not Subject to Compromise		2,067			(2,014	)		(3,547	)		424			1			35,186			20			1,447
Liabilities subject to compromise		458,139			9,246			3,669			8,885			—			70,370			—			10,012
Intercompany (receivable)/payable subject to compromise		(781,156	)		(31,687	)		29,275			148,376			1,497			10,450			12,774			220,428
Total Liabilities Subject to Compromise		(323,017	)		(22,441	)		32,943			157,261			1,497			80,820			12,774			230,440
Total Liabilities		(320,950	)		(24,455	)		29,396			157,685			1,498			116,006			12,794			231,887
Shareholders’ Equity
Common stock		1,581			—			20,924			—			—			—			—			—
Additional paid-in capital		1,406,878			25,263			—			—			—			—			—			—
Retained earnings		(991,480	)		(666	)		(50,028	)		(155,530	)		(1,263	)		(51,273	)		(10,053	)		(231,887	)
Total Shareholders’ Equity		416,979			24,597			(29,104	)		(155,530	)		(1,263	)		(51,273	)		(10,053	)		(231,887	)
Total Liabilities and Shareholders’ Equity	$	96,030		$	142		$	292		$	2,155		$	235		$	64,733		$	2,741		$	—

MOR-3

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	Hartley 08-12621			Granite City 08-12619			Reynolds 08-12626			Opco 08-12610			Linden 08-12609			Albion 08-12607			Bloomingburg 08-12608			VSE-USB Corporate 08-12612
Assets
Assets	$	66		$	57		$	269		$	3,902		$	17		$	—		$	—		$	127
Cash and cash equivalents		—			—			—			—			—			—			—			—
Restricted cash		—			—			—			—			—			7,815			—			—
Receivables		2,160			—			—			300			129			3,310			129			761
Prepaid expenses and other assets		—			1,760			—			—			—			—			—			—
Assets held for sale		—			—			—			—			—			—			—			—
Total Assets	$	2,226		$	1,817		$	269		$	4,202		$	146		$	11,125		$	129		$	888
Liabilities and Stockholders’ Equity
Liabilities	$	109		$	—		$	—		$	531		$	(9	)	$	(1	)	$	16		$	8
Accounts payable		1			—			—			—			—			—			—			56
Accrued expenses and other liabilities		(776	)		(17	)		11			(17,860	)		3,963			5,375			7,623			(327	)
Intercompany (receivable)/payable		—			—			—			—			—			—			—			—
Total Liabilities Not Subject to Compromise		(666	)		(17	)		11			(17,329	)		3,954			5,374			7,639			(262	)
Liabilities subject to compromise		9,398			—			3,751			119			46,570			64,534			47,464			5,109
Intercompany (receivable)/payable subject to compromise		231,698			11,172			89,091			(440,302	)		189,019			167,348			183,042			(78,845	)
Total Liabilities Subject to Compromise		241,096			11,172			92,842			(440,183	)		235,589			231,883			230,506			(73,736	)
Total Liabilities		240,430			11,154			92,853			(457,512	)		239,543			237,256			238,145			(73,999	)
Shareholders’ Equity
Common stock		—			—			—			—			—			—			—			648
Additional paid-in capital		—			—			—			439,626			—			—			—			751,266
Retained earnings		(238,203	)		(9,338	)		(92,584	)		22,087			(239,397	)		(226,131	)		(238,015	)		(677,027	)
Total Shareholders’ Equity		(238,203	)		(9,338	)		(92,584	)		461,713			(239,397	)		(226,131	)		(238,015	)		74,887
Total Liabilities and Shareholders’ Equity	$	2,226		$	1,816		$	269		$	4,202		$	146		$	11,125		$	129		$	888

MOR-3

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	Marion 08-12611			Hankinson 08-12620			Albert City 08-12613			Woodbury 08-12629			Central City 08-12615			Ord 08-12625			Dyersville 08-12617			Janesville 08-12622
Assets
Assets	$	1,618		$	631		$	532		$	209		$	403		$	301		$	320		$	103
Cash and cash equivalents		—			292			111			233			56			114			46			—
Restricted cash		—			—			—			—			—			—			—			—
Receivables		129			129			3,082			59			118			59			129			53
Prepaid expenses and other assets		—			—			—			—			—			—			—			—
Assets held for sale		—			—			—			—			—			—			—			—
Total Assets	$	1,748		$	1,052		$	3,726		$	501		$	577		$	474		$	495		$	156
Liabilities and Stockholders’ Equity
Liabilities
Accounts payable	$	(126	)	$	(191	)	$	(2	)	$	2		$	(1	)	$	3		$	—		$	—
Accrued expenses and other liabilities		1			46			114			233			56			114			48			—
Intercompany (receivable)/payable		(504	)		(4,866	)		(5,479	)		(3,693	)		(2,274	)		470			(1,736	)		157
Total Liabilities Not Subject to Compromise		(630	)		(5,011	)		(5,367	)		(3,458	)		(2,218	)		588			(1,688	)		157
Liabilities subject to compromise		19,102			22,005			18,071			11,434			16,443			14,126			17,011			24,437
Intercompany (receivable)/payable subject to compromise		9,257			8,527			8			820			11,543			(1,754	)		8,057			1,363
Total Liabilities Subject to Compromise		28,359			30,532			18,078			12,254			27,986			12,372			25,069			25,800
Total Liabilities		27,730			25,521			12,711			8,797			25,767			12,960			23,380			25,958
Shareholders’ Equity
Common stock		—			—			—			—			—			—			—			—
Additional paid-in capital		120,899			110,308			110,272			48,119			104,363			57,911			98,480			83,542
Retained earnings		(146,881	)		(134,777	)		(119,257	)		(56,414	)		(129,554	)		(70,396	)		(121,365	)		(109,344	)
Total Shareholders’ Equity		(25,982	)		(24,469	)		(8,985	)		(8,295	)		(25,191	)		(12,485	)		(22,885	)		(25,802	)
Total Liabilities and Shareholders’ Equity	$	1,748		$	1,052		$	3,726		$	501		$	577		$	474		$	495		$	156

MOR-4

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Status of Post-petition Taxes

(000’s)

VeraSun Energy Corporation et al.	Beginning Tax Liability			Amount Withheld or Accrued			Amount Paid		Ending Tax Liability
Payroll	$	—		$	(431	)	$	431	$	—
Real Estate and Personal Property		(3,767	)		3,684			—		(84	)
Sales and Use		(84	)		(168	)		83		(169	)
Other		(168	)		—			—		(168	)
Total Taxes	$	(4,019	)	$	3,085		$	513	$	(421	)

MOR-5

In re VeraSun Energy Corporation et al.

Case No.	08-12606
Reporting Period:	31-May-09

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

(000’s)

Accounts Receivable Aging	0-30 Days		31-60 Days		61-90 Days		91+ Days		Total
0 - 30 days old	$	311							$	311
31 - 60 days old			$	1,043						1,043
61 - 90 days old					$	87				87
91+ days old (a)							$	15,337		15,337
Total Accounts Receivable	$	311	$	1,043	$	87	$	15,337	$	16,778

(a) “91+ days” category includes approximately $7.4 million of VeraSun Marketing, LLC receivable of which approximately $5.3 million is being disputed by three of its customers. In addition, approximately $7.8 million is being disputed by a customer at ASA Albion, LLC. The “91+ days” category decreased from April 2009 due to the accounts receivables totaling $13.7 million at ASA Bloomingburg, LLC and ASA Linden, LLC were included in the asset purchase agreement to WestLB.

MOR-6

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Payments to Insiders and Professional

(000’s)

Of the total disbursements shown on the Schedule of Disbursements Report (MOR-1b) list the amount paid to insiders (as defined in Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.

Insiders

Name	Amount Paid During Month		Total Paid to Date
Barry Schaps, Senior Vice President, Sales and Logistics	$	—	$	39
Bryan D. Meier, Vice President, Finance and Chief Accounting Officer		31		161
Chad D. Hatch, Vice President of Corporate Development		—		40
Danny Herron, President and Chief Financial Officer		—		107
Donald L. Endres, Chief Executive Officer and Director		58		297
Duane Gilliam, Board Director		—		17
Jack Huggins, Board Director		—		18
James Dauwalter, Board Director		—		15
Joel West, Vice President, Commodity Management		20		107
Mark D. Dickey, Senior Vice President, General Counsel, and Corporate Secretary		31		164
Paul J. Caudill, Senior Vice President, Operations		—		112
Paul Schock, Board Director		—		15
Robert L. Antoine, Jr., Senior Vice President, Human Resources		—		149
Steven Kirby, Board Director		—		17
Virg Garbers, Vice President and Corporate Controller		18		89
William L. Honnef, Senior Vice President, Sales and Marketing and Strategic Initiatives		41		217
CHS, Inc., Shareholder		—		178
Total Payments to Insiders	$	198	$	1,742
Professionals
Name	Amount Paid During Month		Total Paid to Date
Akin Gump Strauss Hauer & Feld, LLP	$	273	$	1,944
AP Services, LLP		—		6,716
Deloitte & Touche, LLP		78		233
Deloitte Tax, LLP		121		571
Greenberg Traurig, LLP		—		52
Houlihan, Lokey, Howard and Zukin Capital, Inc.		214		1,047
McGladrey & Pullen, LLP		175		877
Rothschild, Inc.		—		144
Skadden, Arps, Slate, Meagher, & Flom, LLP		2,157		8,064
Total Payments to Professionals	$	3,017	$	19,647
Post Petition Secured Notes Adequate Protection Payments
Name of Creditor	Amount Paid During Month		Total Paid to Date
AgStar Financial Services - Albert City	$	53,009	$	54,833
AgStar Financial Services - Central City		—		1,844
AgStar Financial Services - Dyersville		—		2,428
AgStar Financial Services - Ord		—		925
AgStar Financial Services - Woodbury		—		875
AgStar Financial Services - Hankinson		—		1,832
AgStar Financial Services - Janesville		—		1
9 7/8% senior secured notes due 2012		—		121,075
UBS		—		97,065
Dougherty Funding		—		1,769
First Bank and Trust - Marion		—		323
West LB Ag		28,972		28,972
Total Payments	$	81,981	$	311,944

MOR 7

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

Debtor Questionnaire

	Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.	Yes		No
1	Have any assets been sold or transferred outside the normal course of business this reporting period?	X	*
2	Have any funds been disbursed from any account other than a debtor in possession account this reporting period?			X
3	Is the Debtor delinquent in the timely filing of any post-petition tax returns?			X
4	Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the Debtor received notice of expiration or cancellation of such policies?			X
5	Is the Debtor delinquent in paying any insurance premium payment?			X
6	Have any payments been made on pre-petition liabilities this reporting period?	X	**
7	Are any post petition receivables (accounts, notes or loans) due from related parties?			X
8	Are any post petition payroll taxes past due?			X
9	Are any post petition State or Federal income taxes past due?			X
10	Are any post petition real estate taxes past due?			X
11	Are any other post petition taxes past due?			X
12	Have any pre-petition taxes been paid during this reporting period?	X	**
13	Are any amounts owed to post petition creditors delinquent?			X
14	Are any wage payments past due?			X
15	Have any post petition loans been received by the Debtor from any party?			X
16	Is the Debtor delinquent in paying any U.S. Trustee fees?			X
17	Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?			X
18	Have the owners or shareholders received any compensation outside of the normal course of business?			X

* ASA OpCo, ASA Albion, ASA Bloomingburg, and ASA Linden sold substantially all their assets during May 2009 in accordance with orders of the Bankruptcy Court.

** The Debtors have made certain payments on account of prepetition liabilities in accordance with orders of the Bankruptcy Court specifically authorizing payment of certain prepetition liabilities.

In re VeraSun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	31-May-09
Federal Tax I.D. #	20-3430241

If additional information is required for the current or any future Monthly Operating Reports, please send the request to:

VeraSun Energy Corporation

110 N. Minnesota Ave.

Suite 300

Sioux Falls, SD 57104

Attn: Mark Dickey