<PAGE>   1




                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  20549

                                 FORM 10-Q/A

                               AMENDMENT NO. 1

(Mark One)
[X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

For the quarterly period ended   September 30, 1996 
                               ----------------------

                                       OR

[ ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

For the transition period from              to
                              --------------   ----------------- 

                                    33-93970
                            (Commission File Number)

                         International Wire Group, Inc.
             (Exact name of Registrant as specified in its charter)

                                    Delaware
         (State or other jurisdiction of incorporation or organization)

                                   43-1705942
                      (I.R.S. Employer Identification No.)

                             101 South Hanley Road
                              St. Louis, MO  63105
                                 (314) 719-1000
         (Address, including zip code, and telephone number, including
            area code, of Registrant's principal executive offices)

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                            YES   [X]      NO   [  ]

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:
<TABLE>
<CAPTION>
                                                    Outstanding at
            Class                                  October 31, 1996
-------------------------------------------        ----------------
<S>                                                    <C>
International Wire Group, Inc.

Common Stock                                           1,000
</TABLE>


                                      1

<PAGE>   2
                         INTERNATIONAL WIRE GROUP, INC.

                                     INDEX


<TABLE>
<S>                                                                                                  <C>
PART I - FINANCIAL INFORMATION                                                                        Page
                                                                                                      ----
International Wire Group, Inc.
  Consolidated Balance Sheets as of September 30, 1996 and December 31, 1995..........................   3
  Consolidated Statements of Operations for the three and nine months ended
     September 30, 1996 and three and four months ended September 30, 1995............................   4
  Consolidated Statements of Cash Flows for the nine months ended
     September 30, 1996 and four months ended September 30, 1995......................................   5
  Notes to Consolidated Financial Statements..........................................................   6
Signatures............................................................................................  18 
</TABLE>






                                       2
<PAGE>   3
                         INTERNATIONAL WIRE GROUP, INC.
                          CONSOLIDATED BALANCE SHEETS
                       (IN THOUSANDS, EXCEPT SHARE DATA)


<TABLE>
<CAPTION>
                                                                        September 30,         December 31,
                                                                             1996                 1995
                                                                        -------------------------------------
ASSETS                                                                  (Unaudited)
<S>                                                                    <C>                   <C>
Current assets:                                                                                                       
  Cash and cash equivalents                                            $            --       $             --         
  Accounts receivable, less allowance of $ 1,151                                                                      
    and $860, respectively                                                      76,100                 47,180         
  Inventories                                                                   43,854                 57,777         
  Prepaid expenses and other                                                     2,746                  2,858         
                                                                       ---------------       ----------------         
    Total current assets                                                       122,700                107,815         
 Property, plant and equipment, net                                            115,446                 82,259         
 Deferred financing costs, net                                                  20,660                 16,688         
 Intangible assets, net                                                        318,175                215,400         
 Other assets                                                                    7,176                  5,758         
                                                                       ---------------       ----------------         
    Total assets                                                       $       584,157       $        427,920         
                                                                       ===============       ================         
                                                                                                                      
LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                  
                                                                                                                      
Current liabilities:                                                                                                  
  Current maturities of long-term obligations                          $        20,230       $         12,662         
  Accounts payable                                                              32,847                 37,627         
  Accrued and other liabilities                                                 35,066                 26,011         
  Income taxes payable                                                           3,782                     --         
  Accrued interest                                                               7,869                  2,516         
                                                                       ---------------       ----------------         
    Total current liabilities                                                   99,794                 78,816         
Long-term obligations, less current maturities                                 426,512                326,015         
Deferred income taxes                                                            8,194                  8,194         
Other long-term liabilities                                                      5,969                  4,897         
                                                                       ---------------       ----------------         
    Total liabilities                                                          540,469                417,922         
Stockholders' equity:                                                                                                 
  Common stock, $.01 par value, 1,000 shares                                                                          
    authorized, issued and outstanding                                               0                      0         
  Series A Senior Cumulative Exchangeable                                                                             
    Redeemable Preferred Stock, $.01 par value,                                                                       
    400,000 shares authorized, issued and outstanding                                4                     --         
  Contributed capital                                                          125,227                 81,051         
  Carryover of predecessor basis                                               (67,762)               (67,762)         
  Accumulated deficit                                                          (13,781)                (3,291)         
                                                                       ---------------       ----------------          
    Total stockholders' equity                                                  43,688                  9,998         
                                                                       ---------------       ----------------         
    Total liabilities and stockholders' equity                         $       584,157       $        427,920         
                                                                       ===============       ================         
</TABLE>
        See accompanying notes to the consolidated financial statements.





                                       3
<PAGE>   4
                         INTERNATIONAL WIRE GROUP, INC.
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (IN THOUSANDS)
                                  (UNAUDITED)



<TABLE>
<CAPTION>
                                             Three Months     Three Months     Nine Months        Four Months
                                                 Ended           Ended            Ended              Ended
                                             September 30,   September 30,    September 30,      September 30,
                                                 1996             1995            1996               1995
                                             -----------------------------------------------------------------
<S>                                          <C>             <C>                <C>                <C>
Net sales . . . . . . . . . . . . .          $  133,496      $ 105,301        $   399,612         $ 141,564            
                                                                                                                           
Operating expenses:                                                                                                        
  Cost of goods sold  . . . . . . .             101,510         83,562            309,478           112,837            
                                                                                                                           
  Selling, general and                                                                                                     
    administrative  . . . . . . . .              10,485          8,433             31,063            10,970            
                                                                                                                           
  Depreciation and amortization . .               6,987          4,423             19,933             5,897            
                                                                                                                           
  Inventory valuation adjustment  .                  --             --              8,500                 -            
                                                                                                          -             
  Expenses related to plant                                                                                                
    closings  . . . . . . . . . . .               2,000             --              6,000             1,750        
                                             ----------      ---------        -----------         ---------                     
Operating income  . . . . . . . . .              12,514          8,883             24,638            10,110            
                                                                                                                           
Other income (expense):                                                                                                    
  Interest expense  . . . . . . . .             (11,168)        (8,285)           (31,751)          (11,064)            
                                                                                                                           
  Amortization of deferred                                                                                                 
    financing costs . . . . . . . .                (948)          (619)            (2,762)             (864)            
                                                                                                                           
                                                                                                                           
  Other, net  . . . . . . . . . . .                  30             10                162              (173)
                                             ----------      ---------        -----------         ---------                    
Income (loss) before income tax                                                                                            
   provision  . . . . . . . . . . .                 428            (11)            (9,713)           (1,991)            
                                                                                                                           
Income tax provision  . . . . . . .                 202          1,341                777             1,271
                                             ----------      ---------        -----------         ---------            
Net income (loss) . . . . . . . . .          $      226      $  (1,352)       $   (10,490)        $  (3,262)
                                             ==========      =========        ===========         =========        
</TABLE>





        See accompanying notes to the consolidated financial statements





                                       4
<PAGE>   5
                         INTERNATIONAL WIRE GROUP, INC.
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (IN THOUSANDS)
                                  (UNAUDITED)



<TABLE>
<CAPTION>
                                                                          Nine Months           Four Months
                                                                             Ended                 Ended
                                                                         September 30,         September 30,
                                                                              1996                  1995
                                                                         -----------------------------------
<S>                                                                 <C>                   <C>
Cash flows provided by (used in) operating                                                                                
  activities:                                                                                                             
  Net loss  . . . . . . . . . . . . . . . . . . . . . . . . . . .     $       (10,490)      $        (3,262)              
  Adjustments to reconcile net loss to net cash                                                                           
    provided by (used in) operating activities:                                                                           
    Depreciation and amortization . . . . . . . . . . . . . . . .              19,933                 5,897               
    Amortization of deferred financing costs  . . . . . . . . . .               2,762                   864
    Inventory valuation adjustment  . . . . . . . . . . . . . . .               8,500                    --               
    Change in assets and liabilities, net of acquisitions:                                                                
      Accounts receivable . . . . . . . . . . . . . . . . . . . .              (6,722)               (3,802)              
      Inventories . . . . . . . . . . . . . . . . . . . . . . . .              12,299                (3,773)              
      Prepaid expenses and other  . . . . . . . . . . . . . . . .              (2,742)                 (724)              
      Accounts payable  . . . . . . . . . . . . . . . . . . . . .             (11,769)                3,955              
      Accrued and other liabilities . . . . . . . . . . . . . . .               2,203                 1,175               
      Accrued interest  . . . . . . . . . . . . . . . . . . . . .               5,353                 6,218               
      Income taxes payable/refundable . . . . . . . . . . . . . .               4,497                   554               
      Other long-term liabilities . . . . . . . . . . . . . . . .                (428)                  (12)              
                                                                      ---------------       ---------------               
Net cash from operating activities  . . . . . . . . . . . . . . .              23,396                 7,090               
                                                                      ---------------       ---------------               
                                                                                                                          
Cash flows provided by (used in) investing activities:                                                                    
  Acquisitions, net of cash . . . . . . . . . . . . . . . . . . .            (160,259)             (341,046)              
  Capital expenditures  . . . . . . . . . . . . . . . . . . . . .              (8,441)               (3,204)              
                                                                      ---------------       ---------------               
Net cash from investing activities  . . . . . . . . . . . . . . .            (168,700)             (344,250)              
                                                                      ---------------       ---------------               
Cash flows provided by (used in) financing activities:                                                                    
  Equity proceeds . . . . . . . . . . . . . . . . . . . . . . . .              45,039                15,188               
  Proceeds from issuance of long-term obligations . . . . . . . .             128,200               337,500               
  Repayment of long-term obligations  . . . . . . . . . . . . . .             (20,135)               (2,577)              
  Financing fees and other  . . . . . . . . . . . . . . . . . . .              (7,800)              (14,000)              
                                                                      ---------------       ---------------               
Net cash from financing activities  . . . . . . . . . . . . . . .             145,304               336,111               
                                                                      ---------------       ---------------               
Net change in cash and cash equivalents . . . . . . . . . . . . .                  --                (1,049)              
Cash and cash equivalents at beginning of the period  . . . . . .                  --                    --               
                                                                      ---------------       ---------------               
Cash and cash equivalents at end of the period  . . . . . . . . .     $            --       $        (1,049)              
                                                                      ===============       ===============               
</TABLE>




        See accompanying notes to the consolidated financial statements





                                       5
<PAGE>   6
                         INTERNATIONAL WIRE GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)


1.       The Company

         International Wire Group, Inc. ("Group" or the "Company"), a Delaware
         corporation, was formed to participate in the transactions
         contemplated by the IW Acquisition (as described below).  On June 12,
         1995, Wirekraft Holdings Corp. ("Wirekraft"), Omega Wire Corp.
         ("Omega"), International Wire Holding Company ("Holding", the parent
         company of Group), Group, Wirekraft Acquisition Company and certain
         shareholders of Wirekraft and Omega entered into a series of
         acquisitions and mergers (the "IW Acquisition") pursuant to which
         Group acquired all of the common equity securities (and all securities
         convertible into such securities) of Wirekraft and all of the common
         equity securities of Omega. On March 5, 1996, Wire Technologies, Inc.
         ("Wire Technologies"), a wholly-owned subsidiary of the Company,
         acquired the businesses of Hoosier Wire, Inc., Dekko Automotive Wire,
         Inc., Albion Wire, Inc. and Silicones, Inc., a group of affiliated
         companies operating together under the tradename Dekko Wire Technology
         Group (the "DWT Acquisition").

         The Company through its two segments, the wire segment and the harness
         segment, is engaged in the design, manufacture and marketing of
         non-insulated and insulated copper wire and wire harnesses.  The
         Company's products are used by a wide variety of customers primarily
         in the automotive, appliance, computer and data communications and
         industrial equipment industries.

2.       Basis of Presentation

         Unaudited Interim Consolidated Financial Statements

         The unaudited interim consolidated financial statements reflect all
         adjustments consisting only of normal recurring adjustments which are,
         in the opinion of management, necessary for a fair presentation of
         financial position and results of operations.  The results for the
         three and nine months ended September 30, 1996, are not necessarily
         indicative of the results that may be expected for a full fiscal year.

         Senior Subordinated Notes

         The Senior Subordinated Notes due 2005 ("the Senior Notes") were
         issued under an indenture, dated June 12, 1995 (the "Indenture") in
         connection with the IW Acquisition.  The Senior Notes represent
         unsecured general obligations of Group and are subordinated to all
         Senior Debt (as defined in the Indenture) of Group.  The Senior Notes,
         which were originally sold pursuant to an exemption from the
         registration requirements of the Securities Act of 1933, as amended,
         were exchanged for identical notes registered under such Act in
         November, 1995.





                                       6
<PAGE>   7
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

         The Senior Notes are fully and unconditionally (as well as jointly and
         severally) guaranteed on an unsecured, senior subordinated basis by
         each subsidiary of the Company (the "Guarantor Subsidiaries") other
         than Electro Componentes de Mexico, S.A. de C.V. and Wirekraft
         Industries de Mexico, S.A. de C.V. (The "Non-Guarantor Subsidiaries").
         Each of the Guarantor Subsidiaries and Non-Guarantor Subsidiaries is
         wholly owned by the Company. 

         Statement of Cash Flows

         Interest paid and taxes refunded, net of payments, for the nine months
         ended September 30, 1996 were $26,398 and $2,720, respectively.

3.       Inventories

         Inventories are valued at the lower of cost or market.  Cost is
         determined using the last-in, first-out ("LIFO") method.

         The composition of inventories at September 30, 1996, is as follows:


<TABLE>                                              
         <S>                                        <C>       
         Raw materials. . . . . . . . . . . . . . . $   17,803
         Work-in-process. . . . . . . . . . . . . .     12,304
         Finished goods . . . . . . . . . . . . . .     13,747
                                                    ----------
         Total. . . . . . . . . . . . . . . . . . . $   43,854
                                                    ==========
</TABLE>

4.       Intangible Assets

         The Company's management has begun a comprehensive review of the
         strategic position of its individual business units.  This analysis
         included the closing of certain Wirekraft facilities and the recent
         DWT Acquisition.  As a result, the Company is assessing the carrying
         value of goodwill.  While the Company has not yet completed this
         assessment, a possible outcome may be a write-off of a portion of the
         goodwill presently carried on its books.  The Company expects to
         conclude on this matter before the filing of its Form 10-K for the
         current fiscal year.

5.       DWT Acquisition

         The results of operations of Wire Technologies have been included in
         the consolidated financial statements since the date of the DWT
         Acquisition.  Pro forma data, which show condensed results of
         operations for the nine months ended September 30, 1996 and 1995 as
         though the DWT Acquisition and related financing had occurred at the 
         beginning of the respective periods, is as follows:






                                       7
<PAGE>   8
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

<TABLE>
<CAPTION>
                                                                            Nine Months Ended
                                                                               September 30,
                                                                       --------------------------
                                                                           1996          1995 (1)
                                                                       -------------------------
<S>                                                                    <C>              <C>
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . .      $   427,460      $ 453,219
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . .          (11,240)        (2,454)
</TABLE>

         (1)   Data gives effect to the IW Acquisition as though it occurred as
               of January 1, 1995.

6.      Plant Closing Expense

        In March and September, 1996, the Company recorded pretax charges to 
        operations of $4,000 and $2,000, respectively, to provide for plant 
        closing costs.  The plant closing costs relate to consolidating certain
        wire segment facilities and include provisions for certain shut-down 
        and severance related costs.  A summary of activity related to plant 
        closing is as follows:

<TABLE>
<CAPTION>
                                                             NINE MONTHS      FOUR MONTHS
                                                               ENDED            ENDED
                                                            SEPTEMBER 30,    SEPTEMBER 30,
                                                                 1996            1995
                                                             ------------    ------------
<S>                                                          <C>             <C>
Balance, beginning of period...............................    $   700          $   --
Charges to operations:
  Facility shut-down costs.................................      3,872             731
  Lease commitments........................................        773              67
  Key personnel and severance costs........................      1,355             952
                                                               -------          ------
                                                                 6,000           1,750
Costs incurred:
  Facility shut-down costs.................................     (1,514)           (254)
  Lease commitments........................................        (67)            (33)
  Key personnel and severance costs........................       (783)           (508)
                                                               -------          ------
                                                                (2,364)           (795)
                                                               -------          ------
Balance, end of period.....................................    $ 4,336          $  955
                                                               =======          ======
</TABLE>




                                       8
<PAGE>   9
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

7.   GUARANTOR SUBSIDIARIES
 
     The Senior Notes are fully and unconditionally (as well as jointly and
     severally) guaranteed on an unsecured, senior subordinated basis by each
     subsidiary of the Company (the "Guarantor Subsidiaries") other than
     Electro Componentes de Mexico, S.A. de C.V. and Wirekraft Industries de
     Mexico, S.A. de C.V. (the "Non-Guarantor Subsidiaries"). Each of the
     Guarantor Subsidiaries and Non-Guarantor Subsidiaries is wholly owned by
     the Company.
 

     The following condensed, consolidating financial statements of the Company
     include the accounts of the Company, the combined accounts of the
     Guarantor Subsidiaries and the combined accounts of the Non-Guarantor
     Subsidiaries. Given the size of the Non-Guarantor Subsidiaries relative to
     the Company on a consolidated basis, separate financial statements of the
     respective Guarantor Subsidiaries are not presented because management has
     determined that such information is not material in assessing the
     Guarantor Subsidiaries.

                                      9
<PAGE>   10
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
<TABLE>
<CAPTION>


                                                                              TOTAL
                                                                 TOTAL         NON
                                                   COMPANY     GUARANTOR    GUARANTOR    ELIMINATIONS     TOTAL
                                                   -------     ---------    ---------    ------------     -----
<S>                                                <C>         <C>          <C>          <C>             <C>
BALANCE SHEET
As of September 30, 1996
ASSETS
  Cash . . . . . . . . . . . . . . . . . . . . .  $      --     $    (632)   $     632   $        --    $      --
  Accounts receivable  . . . . . . . . . . . . .         --        73,881        5,720        (3,501)      76,100
  Inventory  . . . . . . . . . . . . . . . . . .         --        43,719          135            --       43,854
  Other assets . . . . . . . . . . . . . . . . .         --         2,724           22            --        2,746
                                                  ---------     ---------    ---------   -----------    ---------
    Total current assets . . . . . . . . . . . .         --       119,692        6,509        (3,501)     122,700
Property plant and equipment, net  . . . . . . .         --       106,564        8,882            --      115,446
Intangible assets, net . . . . . . . . . . . . .     20,660       318,175           --            --      338,835
Investment in subsidiaries . . . . . . . . . . .    605,674            --           --      (605,674)          --
Other assets . . . . . . . . . . . . . . . . . .         --         6,153        1,023            --        7,176
                                                  ---------     ---------    ---------   -----------    ---------
    Total assets . . . . . . . . . . . . . . . .  $ 626,334     $ 550,584    $  16,414   $  (609,175)   $ 584,157
                                                  =========     =========    =========   ===========    =========

LIABILITIES AND STOCKHOLDERS' EQUITY
  Current liabilities  . . . . . . . . . . . . .  $  27,165     $  73,764    $   2,366   $    (3,501)   $  99,794
  Long-term obligations,less current
    maturities . . . . . . . . . . . . . . . . .    422,022         4,490           --            --      426,512
  Other long-term liabilities  . . . . . . . . .         --        14,163           --            --       14,163
  Intercompany (receivable) payable  . . . . . .     76,735       (90,170)      13,435            --           --
                                                  ---------     ---------    ---------   -----------    ---------
    Total liabilities  . . . . . . . . . . . . .    525,922         2,247       15,801        (3,501)     540,469
Stockholders' equity
  Common stock . . . . . . . . . . . . . . . . .         --            --           --            --           --
  Preferred stock  . . . . . . . . . . . . . . .         --             4           --            --            4
  Contributed capital  . . . . . . . . . . . . .    114,193       583,046           18      (572,030)     125,227
  Predecessor carryover  . . . . . . . . . . . .         --       (67,762)          --            --      (67,762)
  Retained earnings  . . . . . . . . . . . . . .    (13,781)       33,049          595       (33,644)     (13,781)
                                                  ---------     ---------    ---------   -----------    ---------
    Total stockholders' equity . . . . . . . . .    100,412       548,337          613      (605,674)      43,688
                                                  ---------     ---------    ---------   -----------    ---------
    Total liabilities and stockholders'
      equity . . . . . . . . . . . . . . . . . .  $ 626,334     $ 550,584    $  16,414   $  (609,175)   $ 584,157
                                                  =========     =========    =========   ===========    =========
</TABLE>







                                       10

<PAGE>   11
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
<TABLE>
<CAPTION>


                                                                              TOTAL
                                                                 TOTAL         NON
                                                   COMPANY     GUARANTOR    GUARANTOR    ELIMINATIONS      TOTAL
                                                  ---------    ---------    ---------    ------------      -----
<S>                                               <C>           <C>           <C>         <C>            <C>      
STATEMENT OF OPERATIONS
For the three months ended September 30, 1996

Net sales  . . . . . . . . . . . . . . . . . . .  $      --     $133,496      $7,633      $  (7,633)     $ 133,496
Operating expenses . . . . . . . . . . . . . . .                                             
  Cost of goods sold . . . . . . . . . . . . . .         --      104,675       4,468         (7,633)       101,510
  Selling, general and administration  . . . . .         --        7,886       2,599             --         10,485
  Depreciation and amortization  . . . . . . . .         --        6,556         431             --          6,987
  Expenses related to plant closing  . . . . . .         --        2,000          --             --          2,000
                                                  ---------     --------      ------      ---------      ---------
Operating income (loss)  . . . . . . . . . . . .         --       12,379         135             --         12,514
Other income (expense)
  Interest expense . . . . . . . . . . . . . . .    (11,168)          --          --             --        (11,168)
  Amortization of deferred financing fees  . . .       (948)          --          --             --           (948)  
  Equity in net income (loss) of subsidiaries. .     12,342           --          --        (12,342)            --
  Other. . . . . . . . . . . . . . . . . . . . .         --           30          --             --             30
                                                  ---------     --------      ------      ---------      ---------
Income (loss) before income tax provision  . . .        226       12,409         135        (12,342)           428 
Income tax provision . . . . . . . . . . . . . .         --           98         104             --            202
                                                  ---------     --------      ------      ---------      ---------
Net income (loss)  . . . . . . . . . . . . . . .  $     226     $ 12,311      $   31      $ (12,342)     $     226
                                                  =========     ========      ======      =========      =========
</TABLE>






                                      11


<PAGE>   12
                     INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

<TABLE>
<CAPTION>


                                                                             TOTAL
                                                                 TOTAL        NON
                                                  COMPANY      GUARANTOR   GUARANTOR     ELIMINATIONS        TOTAL
                                                 ---------     ---------   ---------     ------------        -----
<S>                                               <C>          <C>         <C>           <C>              <C>
STATEMENT OF OPERATIONS
For the nine months ended September 30, 1996
Net sales . . . . . . . . . . . . . . . . . . .  $      --     $399,612     $23,729       $  (23,729)     $  399,612
Operating expenses
  Cost of goods sold  . . . . . . . . . . . . .         --      320,248      12,959          (23,729)        309,478
  Selling, general and administration . . . . .         --       23,377       7,686               --          31,063
  Depreciation and amortization . . . . . . . .         --       18,756       1,177               --          19,933
  Expenses related to plant closing . . . . . .         --        6,000          --               --           6,000
  Inventory valuation adjustment  . . . . . . .         --        8,500          --               --           8,500
                                                  --------     --------     -------       ----------      ----------
Operating income (loss) . . . . . . . . . . . .         --       22,731       1,907               --          24,638
Other income (expense)
  Interest expense  . . . . . . . . . . . . . .    (31,751)          --          --               --         (31,751)
  Amortization of deferred financing fees . . .     (2,762)          --          --               --          (2,762)
  Equity in net income (loss) of subsidiaries .     24,023           --          --          (24,023)             --
  Other . . . . . . . . . . . . . . . . . . . .         --          162          --               --             162
                                                 ---------     --------     -------       ----------      ----------
Income (loss) before income tax provision . . .    (10,490)      22,893       1,907          (24,023)         (9,713)
Income tax provision  . . . . . . . . . . . . .         --          507         270               --             777
                                                 ---------     --------     -------       ----------      ----------
Net income (loss) . . . . . . . . . . . . . . .  $ (10,490)    $ 22,386     $ 1,637       $  (24,023)     $  (10,490)
                                                 =========     ========     =======       ==========      ==========
</TABLE>




                                      12

<PAGE>   13
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
<TABLE>
<CAPTION>


                                                                                             TOTAL
                                                                                TOTAL         NON
                                                                  COMPANY     GUARANTOR    GUARANTOR    ELIMINATIONS      TOTAL
                                                                ----------    ---------    ---------    ------------      -----
<S>                                                             <C>           <C>          <C>           <C>           <C>
STATEMENT OF CASH FLOWS
For the nine months ended September 30, 1996
Net cash from operating activities . . . . . . . . . . . . . .  $   14,515    $   5,848    $   3,033     $     --      $   23,396
                                                                ----------    ---------    ---------     ---------     ----------
Cash flows provided by (used in) investing activities:
  Acquisition, net of cash . . . . . . . . . . . . . . . . . .    (160,259)         --           --            --        (160,259)
                                                                ----------    ---------    ---------     ---------     ----------
  Capital expenditures . . . . . . . . . . . . . . . . . . . .         --        (6,011)      (2,430)          --          (8,441)
                                                                ----------    ---------    ---------     ---------     ----------
Net cash used in investing activities  . . . . . . . . . . . .    (160,259)      (6,011)      (2,430)          --        (168,700)
                                                                ----------    ---------    ---------     ---------     ----------
Cash flows provided by (used in)
 financing activities:                                                                   
  Equity proceeds  . . . . . . . . . . . . . . . . . . . . . .      45,039          --           --            --          45,039
  Proceeds from issuance of long-term obligations  . . . . . .     128,200          --           --            --         128,200
  Repayment of long-term obligations . . . . . . . . . . . . .     (19,695)        (440)         --            --         (20,135)
  Cash dividends paid on preferred stock . . . . . . . . . . .         --           --           --            --             --
  Financing fees and other . . . . . . . . . . . . . . . . . .      (7,800)         --           --            --          (7,800)
                                                                ----------    ---------    ---------     ---------     ----------
Net cash from financing activities . . . . . . . . . . . . . .     145,744         (440)         --            --         145,304
                                                                ----------    ---------    ---------     ---------     ----------
Net change in cash and cash equivalents  . . . . . . . . . . .  $      --     $    (603)   $     603     $     --      $      --
                                                                ==========    =========    =========     =========     ==========
</TABLE>


                                       13
<PAGE>   14
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)


 
<TABLE>
<CAPTION>
                                                  TOTAL          TOTAL
                                     COMPANY    GUARANTOR    NON-GUARANTOR    ELIMINATIONS     TOTAL
                                    ---------   ---------    -------------    ------------   ---------
<S>                                 <C>         <C>          <C>              <C>            <C>
BALANCE SHEET
  As of December 31, 1995
ASSETS
  Cash............................  $      --   $    (29)       $    29        $      --     $      --
  Accounts receivable.............         --     46,945          1,012             (777)       47,180
  Inventory.......................         --     57,777             --               --        57,777
  Other assets....................         --      2,858             --               --         2,858
                                    ---------   --------        -------        ---------     ---------
          Total current assets....         --    107,551          1,041             (777)      107,815
  Property plant and equipment,
     net..........................         --     74,630          7,629               --        82,259
  Intangible assets, net..........     16,688    215,400             --               --       232,088
  Investment in subsidiaries......    416,212         --             --         (416,212)           --
  Other assets....................         --      5,565            193               --         5,758
                                    ---------   --------        -------        ---------     ---------
          Total assets............  $ 432,900   $403,146        $ 8,863        $(416,989)    $ 427,920
                                    =========   ========        =======        =========     =========
 
LIABILITIES AND STOCKHOLDER'S EQUITY
  Current liabilities.............  $  15,815   $ 62,537        $ 1,241        $    (777)    $  78,816
  Long term obligations, less
     current maturities...........    321,001      5,014             --               --       326,015
  Other long-term liabilities.....     (3,615)    16,706             --               --        13,091
  Intercompany (receivable)
     payable......................     21,939    (30,585)         8,646               --            --
                                    ---------   --------        -------        ---------     ---------
          Total liabilities.......    355,140     53,672          9,887             (777)      417,922
  Stockholder's equity
     Common stock.................         --         --             --               --            --
     Contributed capital..........     81,051    406,573             18         (406,591)       81,051
     Predecessor carryover........         --    (67,762)            --               --       (67,762)
     Retained earnings............     (3,291)    10,663         (1,042)          (9,621)       (3,291)
                                    ---------   --------        -------        ---------     ---------
          Total stockholder's
            equity................     77,760    349,474         (1,024)        (416,212)        9,998
                                    ---------   --------        -------        ---------     ---------
          Total liabilities and
            stockholder's
            equity................  $ 432,900   $403,146        $ 8,863        $(416,989)    $ 427,920
                                    =========   ========        =======        =========     =========
</TABLE>
 
                                       14
<PAGE>   15
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
<TABLE>
<CAPTION>
                                                                                     TOTAL
                                                                       TOTAL          NON
                                                       COMPANY       GUARANTOR      GUARANTOR     ELIMINATIONS       TOTAL
                                                     -----------    -----------    -----------    ------------   -----------
<S>                                                  <C>            <C>            <C>            <C>            <C>        
STATEMENT OF OPERATIONS
For the three months ended September 30, 1995
Net sales ........................................   $        --    $   105,301    $     4,772    $    (4,772)   $   105,301
Operating expenses
  Cost of goods sold .............................            --         86,326          2,008         (4,772)        83,562
  Selling, general and administration ............            --          6,469          1,964             --          8,433
  Depreciation and amortization ..................            --          3,706            717             --          4,423
  Expenses related to plant closing ..............            --             --             --             --             --
                                                     -----------    -----------    -----------    -----------    -----------
Operating income (loss) ..........................            --          8,800             83             --          8,883
Other income (expense)
  Interest expense ...............................        (8,285)            --             --             --         (8,285)
  Amortization of deferred financing fees ........          (619)            --             --             --           (619)
  Equity in net income (loss) of subsidiaries ....         7,552             --             --         (7,552)            --
  Other ..........................................            --             10             --             --             10
                                                     -----------    -----------    -----------    -----------    -----------
Income (loss) before income tax provision ........        (1,352)         8,810             83         (7,552)           (11)
Income tax provision .............................            --            692            649             --          1,341
                                                     -----------    -----------    -----------    -----------    -----------
Net income (loss) ................................   $    (1,352)   $     8,118    $      (566)   $    (7,552)   $    (1,352)
                                                     ===========    ===========    ===========    ===========    ===========
</TABLE>






                                      15
<PAGE>   16
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)



<TABLE>
<CAPTION>
                                                                               TOTAL
                                                                  TOTAL         NON
                                                   COMPANY      GUARANTOR    GUARANTOR    ELIMINATIONS       TOTAL
                                                   -------      ---------    ---------    ------------       -----
<S>                                                <C>           <C>            <C>          <C>           <C>      
STATEMENT OF OPERATIONS
For the four months ended September 30, 1995
Net sales . . . . . . . . . . . . . . . . . . . .  $     --      $ 141,564      $ 5,474      $ (5,474)     $ 141,564
Operating expenses
   Cost of goods sold . . . . . . . . . . . . . .        --        115,792        2,519        (5,474)       112,837
   Selling, general and administration  . . . . .        --          8,428        2,542            --         10,970
   Depreciation and amortization  . . . . . . . .        --          4,945          952            --          5,897
   Expenses related to plant closing  . . . . . .        --          1,750           --            --          1,750
                                                   --------      ---------      -------      --------      ---------
Operating income (loss) . . . . . . . . . . . . .        --         10,649         (539)           --         10,110
Other income (expense)
   Interest expense . . . . . . . . . . . . . . .   (11,064)            --           --            --        (11,064)
   Amortization of deferred financing fees  . . .      (864)            --           --            --           (864)
   Equity in net income (loss) of subsidiaries. .     8,666             --           --        (8,666)            --
   Other  . . . . . . . . . . . . . . . . . . . .        --           (173)          --            --           (173)
                                                   --------      ---------      -------      --------      ---------
Income (loss) before income tax provision . . . .    (3,262)        10,476         (539)       (8,666)        (1,991)
Income tax provision  . . . . . . . . . . . . . .        --            692          579            --          1,271
                                                   --------      ---------      -------      --------      ---------

Net income (loss) . . . . . . . . . . . . . . . .  $ (3,262)     $   9,784      $(1,118)     $ (8,666)     $  (3,262)
                                                   ========      =========      =======      ========      ========= 
</TABLE>



                                      16        
<PAGE>   17
                        INTERNATIONAL WIRE GROUP, INC.       
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

<TABLE>
<CAPTION>
                                                                                      TOTAL
                                                                           TOTAL       NON
                                                           COMPANY       GUARANTOR  GUARANTOR  ELIMINATIONS     TOTAL
                                                           -------      ---------   ---------  ------------     -----

<S>                                                        <C>            <C>          <C>      <C>           <C>      
STATEMENT OF CASH FLOWS
For the four months ended September 30, 1995
Net cash from operating activities . . . . . . . . . . . . $   4,935      $ 1,423      $732     $      --     $   7,090
                                                           ---------      -------      ----     ---------     ---------
Cash flows provided by (used in) investing activities:
   Acquisition, net of cash  . . . . . . . . . . . . . . .  (341,046)          --        --            --      (341,046)
   Capital expenditures  . . . . . . . . . . . . . . . . .        --       (3,204)       --            --        (3,204)
                                                           ---------      -------      ----     ---------     ---------
Net cash used in investing activities  . . . . . . . . . .  (341,046)      (3,204)       --            --      (344,250)
                                                           ---------      -------      ----     ---------     ---------
Cash flows provided by (used in) financing
     activities:
   Equity proceeds . . . . . . . . . . . . . . . . . . . .    15,188           --        --            --        15,188
   Proceeds from issuance of long-term obligations . . . .   337,500           --        --            --       337,500
   Repayment of long-term obligations  . . . . . . . . . .    (2,577)          --        --            --        (2,577)
   Cash dividends paid on preferred stock  . . . . . . . .        --           --        --            --            --
   Financing fees and other  . . . . . . . . . . . . . . .   (14,000)          --        --            --       (14,000)
                                                           ---------      -------      ----     ---------     ---------
Net cash from financing activities . . . . . . . . . . . .   336,111           --        --            --       336,111
                                                           ---------      -------      ----     ---------     ---------
Net change in cash and cash equivalents  . . . . . . . . . $      --      $(1,781)     $732     $      --     $  (1,049)
                                                           =========      =======      ====     =========     ========= 
</TABLE>



                                      17
<PAGE>   18

                                   SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                      INTERNATIONAL WIRE GROUP, INC.


Dated:  November 7, 1997              By:  /s/ DAVID M. SINDELAR          
                                      --------------------------------
                                      Name:  David M. Sindelar
                                      Title:  Senior Vice President





                                      18