-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MKUsvy3xbqea1yFQPnyRg317+B/kvQa3DWSkDLrxQkUYXl2Ry/huBDsNuUc9JEt4
 sEvPUFt75uo3hVFE7oPD6A==

<SEC-DOCUMENT>0001209191-07-043938.txt : 20070726
<SEC-HEADER>0001209191-07-043938.hdr.sgml : 20070726
<ACCEPTANCE-DATETIME>20070726142853
ACCESSION NUMBER:		0001209191-07-043938
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070724
FILED AS OF DATE:		20070726
DATE AS OF CHANGE:		20070726

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IMPERIAL SUGAR CO /NEW/
		CENTRAL INDEX KEY:			0000831327
		STANDARD INDUSTRIAL CLASSIFICATION:	SUGAR & CONFECTIONERY PRODUCTS [2060]
		IRS NUMBER:				740704500
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		ONE IMPERIAL SQ STE 200
		STREET 2:		P O BOX 9
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77487
		BUSINESS PHONE:		2814919181

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IMPERIAL HOLLY CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IMPERIAL SUGAR CO /TX/
		DATE OF NAME CHANGE:	19880606

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Schultze George J
		CENTRAL INDEX KEY:			0001308360

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16674
		FILM NUMBER:		071002187

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		914-701-5260

	MAIL ADDRESS:	
		STREET 1:		C/O SCHULTZE ASSET MANAGEMENT, LLC
		STREET 2:		3000 WESTCHESTER AVENUE
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Schultze Asset Management, LLC
		CENTRAL INDEX KEY:			0001297629
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16674
		FILM NUMBER:		071002188

	BUSINESS ADDRESS:	
		STREET 1:		3000 WESTCHESTER AVENUE
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		(914) 701-5260

	MAIL ADDRESS:	
		STREET 1:		3000 WESTCHESTER AVENUE
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Schultze Master Fund, Ltd.
		CENTRAL INDEX KEY:			0001315131
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16674
		FILM NUMBER:		071002189

	BUSINESS ADDRESS:	
		STREET 1:		C/O CALEDONIAN HOUSE, P.O. BOX 1043
		STREET 2:		ATTN: SHAREHOLDER SERVICES GROUP
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			GT
		BUSINESS PHONE:		914-701-5260

	MAIL ADDRESS:	
		STREET 1:		C/O SCHULTZE ASSET MANAGEMENT, LLC
		STREET 2:		3000 WESTCHESTER AVENUE
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>b66293sc.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-07-24</periodOfReport>

    <issuer>
        <issuerCik>0000831327</issuerCik>
        <issuerName>IMPERIAL SUGAR CO /NEW/</issuerName>
        <issuerTradingSymbol>IPSU</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001315131</rptOwnerCik>
            <rptOwnerName>Schultze Master Fund, Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SCHULTZE ASSET MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>3000 WESTCHESTER AVENUE</rptOwnerStreet2>
            <rptOwnerCity>PURCHASE</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10577</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001297629</rptOwnerCik>
            <rptOwnerName>Schultze Asset Management, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3000 WESTCHESTER AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PURCHASE</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10577</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001308360</rptOwnerCik>
            <rptOwnerName>Schultze George J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SCHULTZE ASSET MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>3000 WESTCHESTER AVENUE</rptOwnerStreet2>
            <rptOwnerCity>PURCHASE</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10577</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-07-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>83517</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>28.8300</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1587754</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting persons disclaim beneficial ownership of these shares except to the extent of the reporting persons' pecuniary interest in the shares.</footnote>
        <footnote id="F2">Schultze Master Fund, Ltd., directly beneficially owns these shares; Schultze Asset Management, LLC indirectly beneficially owns these shares by its ownership of a percentage of Schultze Partners, LP and in its role as General Partner of Schultze Partners, LP.  George J. Schultze controls Schultze Asset Management, LLC.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>George J. Schultze, Director, on behalf of Schultze Master Fund, Ltd.</signatureName>
        <signatureDate>2007-07-26</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>George J. Schultze, Managing Member, on behalf of, Schultze Asset Management, LLC</signatureName>
        <signatureDate>2007-07-26</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>George J. Schultze</signatureName>
        <signatureDate>2007-07-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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