-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 UAQjqlheS3pEGKZ15HBRrA==

<SEC-DOCUMENT>0000794221-04-000004.txt : 20040203
<SEC-HEADER>0000794221-04-000004.hdr.sgml : 20040203
<ACCEPTANCE-DATETIME>20040203142408
ACCESSION NUMBER:		0000794221-04-000004
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040203

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DUANE READE INC
		CENTRAL INDEX KEY:			0000895364
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DRUG STORES AND PROPRIETARY STORES [5912]
		IRS NUMBER:				043164702
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-55843
		FILM NUMBER:		04562305

	BUSINESS ADDRESS:	
		STREET 1:		440 NINTH AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		2122735700

	MAIL ADDRESS:	
		STREET 1:		440 NINTH AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DUANE READE HOLDING CORP
		DATE OF NAME CHANGE:	19940328

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KING INVESTMENT ADVISORS INC/TX
		CENTRAL INDEX KEY:			0000794221
		IRS NUMBER:				760185389

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		1980 POST OAK BLVD
		STREET 2:		SUITE 2400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056-3898
		BUSINESS PHONE:		7139610462

	MAIL ADDRESS:	
		STREET 1:		1980 POST OAK BLVD
		STREET 2:		#2400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056-3898

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JENSWOLD KING & ASSOCIATES INC/TX/
		DATE OF NAME CHANGE:	19980212
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>drd13g031231.txt
<TEXT>
Item 1.
(a)  Duane Reade, Inc.
(b)  440 Ninth Avenue
     New York, NY  10001

Item 2.
(a)  King Investment Advisors, Inc.
(b)  1980 Post Oak Boulevard, Suite 2400
     Houston, TX  77056
(c)  U.S.A.
(d)  Common
(e)  263578106

Item 3.
(e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E)

Item 4.  Ownership
(a)  1,296,247
(b)  5.3%
(c)  i   1,282,735
     ii  0
     iii 13,512
     iv  0

Item 5.  Ownership of Five Percent or Less of a Class
Not applicable

Item 6.  Ownership of More than Five Percent on Behalf of Another Person
Not applicable

Item 7.  Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Not applicable

Item 8.  Identification and Classification of Members of the Group
Not applicable

Item 9.  Notice of Dissolution of Group
Not applicable

Item 10.  Certification
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


                                                 February 3, 2004
                                                 Date


                                                 Signature


                                                 Roger E. King, President
                                                 King Investment Advisors, Inc.
                                                 Name/Title

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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