SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Roaring Fork Capital SBIC, L.P. (Last) (First) (Middle) 8400 E PRENTICE AVENUE (Street) GREENWOOD VILLAGE CO 80111 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/06/2005	3. Issuer Name and Ticker or Trading Symbol ASPENBIO INC [ APNB ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,142,857	D(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (Right to Buy)	05/06/2005	05/06/2010	Common Stock	1,142,857	$1.35	D(1)

Explanation of Responses:

1. This report is filed by Roaring Fork Capital SBIC, L.P. ("RFLP"), Roaring Fork Capital Management, LLC, is RFLP's sole general partner ("RFLLC") and may be deemed to indirectly own the securities owned by RFLP. Mr. Eugene McColley is the sole manager of RFLLC and, as a principal of RFLLC, may be deemed to indirectly own the securities which RFLLC may beneficially own. RFLLC and Mr. McColley disclaim beneficial ownership of the reported securities execpt to the extent of their pecuniary interest.

	/s/ Eugene C. McColley, Manager of Roaring Fork Capital Management, LLC, General Partner	05/16/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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