N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-08777         

        Credit Suisse High Yield Bond Fund        
(Exact name of registrant as specified in charter)

c/o Credit Suisse Asset Management, LLC
        466 Lexington Avenue, New York, New York 10017       
(Address of principal executive offices) (Zip code)

J. Kevin Gao
        466 Lexington Avenue, New York, New York 10017          
(Name and address of agent for service)

Registrant's telephone number, including area code:         212-875-3500        

Date of fiscal year-end:            October 31st          

Date of reporting period:          November 1, 2005 to January 31, 2006         

Item 1. Schedule of Investments

Credit Suisse High Yield Bond Fund
Schedule of Investments
January 31, 2006 (unaudited)

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
U.S. CORPORATE BONDS (133.0%)
Aerospace (2.1%)
$	725	DRS Technologies, Inc., Global Senior
		Subordinated Notes (Callable 11/01/08
		@ $103.44) §	(B , B3)	11/01/13	6.875	$	723,187
	1,100	DRS Technologies, Inc., Senior Subordinated
		Notes (Callable 02/01/11 @ $103.81)	(B , B3)	02/01/18	7.625		1,122,000
	225	K & F Acquisition, Inc., Global Company
		Guaranteed Notes (Callable 11/15/09
		@ $103.88)	(B- , Caa1)	11/15/14	7.750		230,063
	2,000	L-3 Communications Corp., Global Senior
		Subordinated Notes (Callable 01/15/10
		@ $102.94) §	(BB+ , Ba3)	01/15/15	5.875		1,940,000
	750	Sequa Corp., Series B, Senior Notes	(BB- , B1)	04/01/08	8.875		798,750
							4,814,000
Airlines (0.5%)
	1,200	American Airlines, Inc., Series 01-2, Pass Thru
		Certificates §	(B , B1)	04/01/08	7.800		1,192,169
Automobile Manufacturing/Vehicle Parts (9.8%)
	575	Accuride Corp., Global Company Guaranteed Notes
		(Callable 02/01/10 @ $104.25)	(B- , B3)	02/01/15	8.500		575,000
	1,200	American Tire Distributors Holdings, Inc., Senior
		Notes (Callable 04/01/09 @ $105.38)	(CCC+ , Caa2)	04/01/13	10.750		1,074,000
	425	ArvinMeritor, Inc., Notes §	(BB , Ba2)	03/01/12	8.750		422,875
	400	Cooper-Standard Automotive, Inc., Global
		Company Guaranteed Notes (Callable 12/15/09
		@ $104.19) §	(B- , Caa1)	12/15/14	8.375		319,000
	125	Delphi Corp., Global Notes ø	(NR , NR)	06/15/06	6.550		71,563
	405	Dura Operating Corp., Series D, Company
		Guaranteed Notes (Callable 05/01/06
		@ $101.50)	(CCC+ , Caa2)	05/01/09	9.000		212,625
	1,750	Ford Motor Credit Co., Global Notes §	(BB- , Ba2)	10/01/13	7.000		1,587,453
	4,925	Ford Motor Credit Co., Notes §	(BB- , Ba2)	06/16/08	6.625		4,636,823
	875	General Motors Acceptance Corp., Global Bonds	(BB , Ba1)	11/01/31	8.000		894,631
	1,650	General Motors Acceptance Corp., Global Notes §	(BB , Ba1)	05/15/09	5.625		1,547,076
	5,660	General Motors Acceptance Corp., Global Notes §	(BB , Ba1)	12/01/14	6.750		5,372,936
	1,600	Goodyear Tire & Rubber Company, Global Senior
		Notes (Callable 07/01/10 @ $104.50)	(B- , B3)	07/01/15	9.000		1,608,000
	500	Keystone Automotive Operations, Inc., Global
		Senior Subordinated Notes (Callable 11/01/08
		@ $104.88)	(B- , Caa1)	11/01/13	9.750		435,000
	550	Meritor Automotive, Inc, Notes	(BB , Ba2)	02/15/09	6.800		525,250
	900	Stanadyne Corp., Global Senior Subordinated
		Notes (Callable 08/15/09 @ $105.00)	(B- , Caa1)	08/15/14	10.000		868,500
	600	Stoneridge, Inc., Global Company Guaranteed
		Notes (Callable 05/01/07 @ $105.75)	(B+ , B1)	05/01/12	11.500		609,000
	800	Tenneco Automotive, Inc., Global Company
		Guaranteed Notes (Callable 11/15/09
		@ $104.31) §	(B- , B3)	11/15/14	8.625		808,000
	1,000	Visteon Corp., Global Senior Notes §	(B- , B3)	08/01/10	8.250		847,500
							22,415,232

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
	Broadband (0.6%)
$	1,400	Level 3 Communications, Inc., Senior Notes
		(Callable 05/01/06 @ $100.00) §	(CCC- , Ca)	05/01/08	9.125	$	1,344,000
	Broadcast/Outdoor (1.9%)
	1,000	Allbritton Communications Co., Global Senior
		Subordinated Notes (Callable 12/15/07
		@ $103.88)	(B- , B3)	12/15/12	7.750		1,007,500
	257	Emmis Communications Corp., Global Senior
		Notes (Callable 12/15/06 @ $102.00) #	(B- , B3)	03/15/12	10.366		258,750
	325	Nexstar Finance, Inc., Global Senior Subordinated
		Notes (Callable 01/15/09 @ $103.50) §	(CCC+ , B3)	01/15/14	7.000		302,656
	725	Rainbow National Services LLC, Rule 144A,
		Senior Notes (Callable 09/01/09 @ $105.19) ‡§	(B , B3)	09/01/14	10.375		815,625
	325	Sinclair Broadcast Group, Inc., Global Company
		Guaranteed Notes (Callable 12/15/06 @ $104.38)	(B , B2)	12/15/11	8.750		340,031
	975	WMG Holdings Corp., Global Senior Discount
		Notes (Callable 12/15/09 @ $104.75) +	(B- , B3)	12/15/14	0.000		714,188
	990	Young Broadcasting, Inc., Global Company
		Guaranteed Notes (Callable 03/01/06
		@ $105.00) §	(CCC- , Caa2)	03/01/11	10.000		903,375
							4,342,125
	Building Products (5.1%)
	250	Ahern Rentals, Inc., Rule 144A, Secured Notes
		(Callable 08/15/09 @ 104.63) ‡	(B- , B3)	08/15/13	9.250		263,750
	1,000	Associated Materials, Inc., Global Senior Discount
		Notes (Callable 03/01/09 @ $105.62) +§	(CCC , Caa3)	03/01/14	0.000		520,000
	1,300	Building Materials Corp., Global Secured Notes
		(Callable 08/01/09 @ $103.88)	(B+ , B2)	08/01/14	7.750		1,267,500
	750	Compression Polymers Holding Corp., Rule 144A,
		Senior Notes (Callable 07/01/09 @ $105.25) ‡	(B- , B2)	07/01/13	10.500		744,375
	500	Dayton Superior Corp., Company Guaranteed
		Notes (Callable 06/15/07 @ $102.17) §	(CCC , Caa3)	06/15/09	13.000		397,500
	750	Dayton Superior Corp., Global Secured Notes
		(Callable 06/15/06 @ $105.62)	(B- , Caa1)	09/15/08	10.750		742,500
	2,000	Goodman Global Holdings Co., Inc., Rule 144A,
		Senior Subordinated Notes (Callable 12/15/08
		@ $103.94) ‡§	(B- , Caa1)	12/15/12	7.875		1,900,000
	1,100	Interface, Inc., Global Senior Subordinated Notes
		(Callable 02/01/09 @ $104.75)	(CCC , Caa1)	02/01/14	9.500		1,105,500
	325	Norcraft Companies/Finance, Global Senior
		Subordinated Notes (Callable 11/01/07 @ $104.50)	(B- , B3)	11/01/11	9.000		336,781
	750	Norcraft Holdings LP, Global Senior Discount
		Notes (Callable 09/01/08 @ $104.88) +	(B- , Caa1)	09/01/12	0.000		540,000
	1,100	Nortek, Inc., Global Senior Subordinated Notes
		(Callable 09/01/09 @ $104.25)	(CCC+ , Caa1)	09/01/14	8.500		1,075,250
	1,000	NTK Holdings, Inc., Global Senior Discount
		Notes (Callable 09/01/09 @ $105.38) +§	(CCC+ , Caa2)	09/01/14	0.000		643,750
	1,000	Ply Gem Industries, Inc., Global Senior
		Subordinated Notes (Callable 02/15/08
		@ $104.50) §	(B- , B3)	02/15/12	9.000		870,000
	1,000	RMCC Acquisition Co., Rule 144A, Senior
		Subordinated Notes (Callable 11/01/08
		@ $104.75) ‡	(CCC+ , Caa1)	11/01/12	9.500		1,020,000
	1,275	Werner Holding Co., Inc., Series A, Company
		Guaranteed Notes (Callable 04/13/06 @ $100.00) §	(CCC- , Caa3)	11/15/07	10.000		274,125
							11,701,031

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
	Cable (7.0%)
$	1,450	Atlantic Broadband Finance LLC, Global
		Company Guaranteed Notes (Callable
		01/15/09 @ $104.69)	(CCC+ , Caa1)	01/15/14	9.375	$	1,326,750
	600	Cablevision Systems Corp., Series B, Global
		Senior Notes	(B , B3)	04/15/12	8.000		574,500
	1,415	CCH I LLC, Rule 144A, Secured Notes (Callable
		10/01/10 @ $105.50) ‡	(CCC- , Caa3)	10/01/15	11.000		1,170,912
	1,660	CCO Holdings LLC, Global Senior Notes (Callable
		11/15/08 @ $104.38) §	(CCC- , B3)	11/15/13	8.750		1,601,900
	90	CCO Holdings LLC, Rule 144A, Senior Notes
		(Callable 11/15/08 @ 104.38) ‡	(CCC- , B3)	11/15/13	8.750		86,850
	1,200	Charter Communications Holdings LLC, Senior
		Notes (Callable 04/01/06 @ $101.44) §	(CCC- , Ca)	04/01/09	8.625		894,000
	2,500	Charter Communications Holdings LLC, Senior
		Notes (Callable 09/15/08 @ $105.12)	(CCC- , Caa1)	09/15/10	10.250		2,471,875
	2,100	CSC Holdings, Inc., Rule 144A, Senior Notes ‡#	(B+ , B2)	04/15/12	7.000		2,016,000
	980	CSC Holdings, Inc., Series B, Senior Notes §	(B+ , B2)	04/01/11	7.625		986,125
	1,750	DIVA Systems Corp., Series B, Senior Discount
		Notes (Callable 03/01/06 @ $100.00) ^ø	(NR , NR)	03/01/08	0.000		43,750
	1,400	Insight Communications Company, Inc., Senior
		Discount Notes (Callable 02/15/06 @ $106.12) +	(CCC+ , Caa1)	02/15/11	0.000		1,480,500
	200	Insight Midwest/Insight Capital, Senior Notes
		(Callable 10/01/06 @ $101.63)	(B , B2)	10/01/09	9.750		207,000
	500	Insight Midwest/Insight Capital Corp., Global
		Senior Notes (Callable 11/01/06 @ $103.50)	(B , B2)	11/01/10	10.500		529,375
	200	Mediacom Broadband LLC, Rule 144A, Senior
		Notes (Callable 10/15/10 @ $104.25) ‡	(B , B2)	10/15/15	8.500		190,000
	2,500	Mediacom LLC Capital Corp., Senior Notes
		(Callable 01/15/07 @ $103.17) §	(B , B3)	01/15/13	9.500		2,493,750
							16,073,287
	Capital Goods (1.1%)
	1,000	Blount, Inc., Senior Subordinated Notes (Callable
		08/01/08 @ $104.44)	(B , B3)	08/01/12	8.875		1,055,000
	850	Case New Holland, Inc., Global Company
		Guaranteed Notes (Callable 08/01/07 @ $104.63)	(BB- , Ba3)	08/01/11	9.250		913,750
	1	JII Holdings LLC, Global Secured Notes (Callable
		01/01/07 @ $100.00)	(CCC- , Caa2)	04/01/07	13.000		440
	650	Terex Corp., Global Company Guaranteed Notes
		(Callable 01/15/09 @ $103.69)	(B , Caa1)	01/15/14	7.375		656,500
							2,625,690
	Chemicals (6.0%)
	650	BCP Crystal Holdings Corp., Global Senior
		Subordinated Notes (Callable 06/15/09 @ $104.81)	(B- , B3)	06/15/14	9.625		724,750
	876	Crystal US Holdings, Series B, Global Senior
		Discount Notes (Callable 10/01/09 @ $105.25) +	(B- , Caa2)	10/01/14	0.000		652,620
	1,000	Equistar Chemicals LP/ Equistar Funding Corp.,
		Global Company Guaranteed Notes	(BB- , B2)	09/01/08	10.125		1,095,000
	227	Huntsman Company LLC, Global Company
		Guaranteed Notes (Callable 10/15/07 @ $105.81)	(BB- , Ba3)	10/15/10	11.625		261,050
	773	Huntsman LLC, Global Company Guaranteed Notes
		(Callable 07/15/08 @ $105.75) #	(B , B2)	07/15/12	11.500		890,882
	1,100	IMC Global, Inc., Global Senior Notes (Callable
		08/01/08 @ $105.44)	(BB , Ba3)	08/01/13	10.875		1,270,500
	1,450	IMC Global, Inc., Series B, Global Company
		Guaranteed Notes (Callable 06/01/06 @ $105.62)	(BB , Ba3)	06/01/11	11.250		1,566,000
	1,200	KI Holdings, Inc., Global Senior Discount Notes
		(Callable 11/15/09 @ $104.94) +	(B- , Caa2)	11/15/14	0.000		810,000
	1,000	Lyondell Chemical Co., Global Company
		Guaranteed Notes (Callable 06/01/08 @ $105.25) §	(BB- , B1)	06/01/13	10.500		1,132,500

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
	Chemicals (continued)
$	1,850	Millennium America, Inc., Global Company
		Guaranteed Notes §	(BB- , B1)	06/15/08	9.250	$	1,998,000
	750	Nalco Co., Global Senior Notes (Callable
		11/15/07 @ $103.88)	(B- , B2)	11/15/11	7.750		768,750
	750	PolyOne Corp., Global Company Guaranteed
		Notes (Callable 05/15/07 @ $105.31) §	(B+ , B3)	05/15/10	10.625		801,562
	832	Terra Capital, Inc., Global Secured Notes (Callable
		06/01/07 @ $105.75)	(B- , B2)	06/01/10	11.500		931,840
	725	Tronox Worldwide/Finance, Rule 144A, Senior
		Notes (Callable 12/01/09 @ $104.75) ‡§	(B+ , B1)	12/01/12	9.500		759,438
							13,662,892
	Competitive Local Exchange Carrier (1.1%)
	750	GCI, Inc., Global Senior Notes (Callable 02/15/09
		@ $103.63) §	(B+ , B2)	02/15/14	7.250		742,500
	1,617	Madison River Capital LLC, Senior Notes (Callable
		03/01/06 @ $104.42)	(B- , B3)	03/01/10	13.250		1,709,978
							2,452,478
	Consumer Products/Tobacco (6.0%)
	850	AAC Group Holding Corp., Global Senior Discount
		Notes (Callable 10/01/08 @ $105.13) +	(B- , Caa1)	10/01/12	0.000		633,250
	500	Ames True Temper, Global Company Guaranteed
		Notes (Callable 01/15/07 @ $103.00) #	(CCC+ , Caa1)	04/18/12	8.600		471,250
	1,400	Ames True Temper, Global Senior Subordinated
		Notes (Callable 07/15/08 @ $105.00) §	(CCC- , Caa2)	07/15/12	10.000		1,092,000
	1,525	Amscan Holdings, Inc., Global Senior
		Subordinated Notes (Callable 05/01/09
		@ $104.38)	(CCC+ , Caa1)	05/01/14	8.750		1,307,687
	1,000	Del Laboratories, Inc., Global Company
		Guaranteed Notes (Callable 02/01/08
		@ $104.00) §	(CCC+ , Caa2)	02/01/12	8.000		815,000
	1,125	Jarden Corp., Global Company Guaranteed
		Notes (Callable 05/01/07 @ $104.88) §	(B- , B3)	05/01/12	9.750		1,130,625
	1,500	Johnsondiversey Holdings, Inc., Global Discount
		Notes (Callable 05/15/07 @ $105.34) +	(B- , Caa1)	05/15/13	0.000		1,267,500
	1,000	PCA LLC/PCA Finance Corp., Global Senior Notes	(C , Ca)	08/01/09	11.875		250,000
	1,300	Playtex Products, Inc., Global Company
		Guaranteed Notes (Callable 06/01/06
		@ $104.69) §	(CCC+ , Caa1)	06/01/11	9.375		1,373,125
	1,125	Prestige Brands, Inc., Global Senior Subordinated
		Notes (Callable 04/15/08 @ $104.63)	(B- , B3)	04/15/12	9.250		1,134,844
	500	Rayovac Corp., Global Senior Subordinated
		Notes (Callable 10/01/08 @ $104.25)	(B- , B3)	10/01/13	8.500		431,250
	750	Remington Arms Company, Inc., Global Company
		Guaranteed Notes (Callable 02/01/07
		@ $105.25) §	(CCC- , B3)	02/01/11	10.500		690,000
	750	Revlon Consumer Products Corp., Global Senior
		Notes (Callable 04/01/08 @ $104.75)	(CCC , Caa2)	04/01/11	9.500		693,750
	425	Samsonite Corp., Global Senior Subordinated
		Notes (Callable 06/01/08 @ $104.44)	(B- , B3)	06/01/11	8.875		450,500
	1,250	Sealy Mattress Co., Global Senior Subordinated
		Notes (Callable 06/15/09 @ $104.13) §	(B- , B3)	06/15/14	8.250		1,296,875
	850	Trimas Corp., Global Company Guaranteed Notes
		(Callable 06/15/07 @ $104.94)	(CCC+ , B3)	06/15/12	9.875		731,000
							13,768,656

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
	Containers (4.8%)
$	1,600	Berry Plastics Corp., Global Company Guaranteed
		Notes (Callable 07/15/07 @ $105.38)	(B- , B3)	07/15/12	10.750	$	1,744,000
	1,200	Constar International, Inc., Senior Subordinated
		Notes (Callable 12/01/07 @ $105.50) §	(CCC , Caa3)	12/01/12	11.000		978,000
	650	Crown Americas, Rule 144A, Senior Notes
		(Callable 11/15/10 @ $103.88) ‡§	(B , B1)	11/15/15	7.750		677,625
	50	Graham Packaging Company, Inc., Global
		Company Guaranteed Notes (Callable 10/15/08
		@ $104.25)	(CCC+ , Caa1)	10/15/12	8.500		50,500
	1,375	Graham Packaging Company, Inc., Global
		Subordinated Notes (Callable 10/15/09
		@ $104.94) §	(CCC+ , Caa2)	10/15/14	9.875		1,368,125
	1,100	Graphic Packaging International Corp., Global
		Senior Subordinated Notes (Callable 08/15/08
		@ 104.75) §	(B- , B3)	08/15/13	9.500		1,039,500
	1,000	Intertape Polymer US, Inc., Global Senior
		Subordinated Notes (Callable 08/01/09
		@ $104.25)	(B- , B3)	08/01/14	8.500		990,000
	1,000	Owens-Brockway Glass Containers, Global
		Company Guaranteed Notes (Callable 02/15/06
		@ $104.44)	(BB- , B1)	02/15/09	8.875		1,048,750
	850	Owens-Brockway Glass Containers, Global
		Company Guaranteed Notes (Callable 05/15/08
		@ $104.13)	(B , B2)	05/15/13	8.250		898,875
	500	Pliant Corp., Company Guaranteed Notes (Callable
		06/01/06 @ $104.33) ø	(NR , NR)	06/01/10	13.000		125,000
	0	Pliant Corp., Global Secured Notes (Callable
		06/15/07 @ $111.62) ø (1)	(NR , NR)	06/15/09	11.625		536
	725	Solo Cup Co., Global Senior Subordinated Notes
		(Callable 02/15/09 @ $104.25)	(B- , Caa1)	02/15/14	8.500		643,438
	250	U.S. Can Corp., Global Company Guaranteed
		Notes (Callable 10/01/06 @ $104.13)	(CCC+ , Caa3)	10/01/10	12.375		246,250
	1,000	U.S. Can Corp., Global Company Guaranteed
		Notes (Callable 07/15/07 @ $105.44)	(CCC+ , Caa2)	07/15/10	10.875		1,055,000
							10,865,599
	Diversified Telecommunications (3.1%)
	865	Hawaiian Telcom Communications, Inc., Rule
		144A, Notes (Callable 05/01/09 @ $104.88) ‡§	(CCC+ , B3)	05/01/13	9.750		858,512
	325	LCI International, Inc., Senior Notes	(NR , NR)	06/15/07	7.250		329,063
	1,835	Qwest Capital Funding, Inc., Global Company
		Guaranteed	(B , B3)	02/15/11	7.250		1,857,937
	400	Qwest Communications International, Inc., Global
		Company Guaranteed Notes (Callable 02/15/08
		@ $103.63) §	(B , B2)	02/15/11	7.250		404,000
	900	Qwest Corp., Global Senior Notes	(BB , Ba3)	09/01/11	7.875		956,250
	1,339	Qwest Corp., Rule 144A, Senior Notes ‡	(BB , Ba3)	06/15/15	7.625		1,414,319
	1,250	Time Warner Telecom Holdings, Inc., Global
		Company Guaranteed Notes (Callable 02/15/09
		@ $104.63)	(CCC+ , B3)	02/15/14	9.250		1,337,500
							7,157,581

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
	Energy - Other (5.1%)
$	1,800	Dynegy Holdings, Inc., Rule 144A, Secured Notes
		(Callable 07/15/08 @ $105.06) ‡	(B- , B1)	07/15/13	10.125	$	2,040,750
	250	Dynegy Holdings, Inc., Senior Notes §	(CCC+ , B2)	04/01/11	6.875		252,500
	750	El Paso Corp., Senior Notes §	(B- , Caa1)	05/15/11	7.000		765,938
	1,000	El Paso Natural Gas, Series A, Global Senior
		Notes (Callable 08/01/07 @ $103.81)	(B , B1)	08/01/10	7.625		1,058,161
	2,800	El Paso Production Holding Co., Global Company
		Guaranteed Notes (Callable 06/01/08 @ $103.02)	(B , B3)	06/01/13	7.750		2,975,000
	450	Giant Industries, Inc., Company Guaranteed Notes
		(Callable 05/15/09 @ $104.00)	(B- , B3)	05/15/14	8.000		470,250
	743	Giant Industries, Inc., Global Company Guaranteed
		Notes (Callable 05/15/07 @ $105.50)	(B- , B3)	05/15/12	11.000		830,302
	825	Inergy LP/ Inergy Finance Corp., Rule 144A,
		Company Guaranteed Notes (Callable 03/01/11
		@ $104.13) ‡	(B , B1)	03/01/16	8.250		839,437
	500	Reliant Energy, Inc., Secured Notes (Callable
		12/15/09 @ $103.38) §	(B+ , B1)	12/15/14	6.750		432,500
	1,050	Reliant Resources, Inc., Global Secured Notes
		(Callable 07/15/08 @ $104.75)	(B+ , B1)	07/15/13	9.500		1,044,750
	825	Williams Companies, Inc., Global Senior Unsecured
		Notes	(B+ , B1)	03/15/12	8.125		906,469
							11,616,057
	Environmental Services (2.1%)
	3,800	Allied Waste North America, Inc., Series B, Global
		Senior Notes (Callable 04/15/09 @ $103.69) §	(B+ , Caa1)	04/15/14	7.375		3,695,500
	1,000	Waste Services, Inc., Global Senior Subordinated
		Notes (Callable 04/15/09 @ $104.75) §	(CCC , Caa2)	04/15/14	9.500		1,015,000
							4,710,500
	Finance - Other (2.0%)
	1,150	E*TRADE Financial Corp., Global Senior Notes
		(Callable 06/15/08 @ $104.00)	(B+ , B1)	06/15/11	8.000		1,201,750
	800	Insurance Auto Auctions, Inc., Global Company
		Guaranteed Notes (Callable 04/01/09 @ $105.50)	(CCC+ , Caa1)	04/01/13	11.000		840,000
	800	Senior Housing Properties Trust, Senior Notes	(BB+ , Ba2)	01/15/12	8.625		882,000
	600	SGS International, Inc., Rule 144A Senior
		Subordinated Notes (Callable 12/15/09
		@ $106.00) ‡	(B- , Caa1)	12/15/13	12.000		606,750
	1,000	Trustreet Properties, Inc., Global Senior Notes
		(Callable 04/01/10 @ $103.75)	(B+ , B1)	04/01/15	7.500		1,010,000
							4,540,500
	Food Processors/Beverage/Bottling (1.4%)
	177	Birds Eye Foods, Inc., Company Guaranteed Notes
		(Callable 11/01/06 @ $100.00)	(B- , B3)	11/01/08	11.875		181,425
	600	Le-Natures, Inc., Rule 144A, Senior Subordinated
		Notes (Callable 06/15/08 @ $104.50) ‡#	(CCC+ , B3)	06/15/13	10.000		633,000
	1,000	National Beef Packing Company LLC, Global
		Senior Notes (Callable 08/01/07 @ $105.25)	(B- , B3)	08/01/11	10.500		1,030,000
	500	Pinnacle Foods Holding Corp., Global Senior
		Subordinated Notes (Callable 12/01/08
		@ $104.13) §	(B- , B3)	12/01/13	8.250		483,750
	850	Swift & Co., Global Senior Subordinated Notes
		(Callable 10/01/06 @ $106.25) §	(B , Caa1)	01/01/10	12.500		820,250
							3,148,425

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
Gaming (7.7%)
$	500	155 East Tropicana LLC, Global Secured Notes
		(Callable 04/01/09 @ $104.38) §	(B- , B3)	04/01/12	8.750	$	476,250
	1,050	Ameristar Casinos, Inc., Global Company
		Guaranteed Notes (Callable 02/15/06 @ $105.38)	(B+ , B2)	02/15/09	10.750		1,106,437
	1,350	Aztar Corp., Global Senior Subordinated Notes
		(Callable 08/15/06 @ $104.50)	(B+ , Ba3)	08/15/11	9.000		1,439,437
	250	Circus Circus & Eldorado, Global First Mortgage
		(Callable 03/01/07 @ $105.06)	(B , B1)	03/01/12	10.125		270,000
	2,100	Hard Rock Hotel, Inc., Global Notes (Callable
		06/01/08 @ $104.44)	(B , B3)	06/01/13	8.875		2,294,250
	1,000	Herbst Gaming, Inc., Global Senior Subordinated
		Notes (Callable 06/01/08 @ $104.06)	(B- , B3)	06/01/12	8.125		1,037,500
	1,250	Inn of The Mountain Gods, Global Senior Notes
		(Callable 11/15/07 @ $106.00) §	(B , B3)	11/15/10	12.000		1,228,125
	900	Isle of Capri Casinos, Inc., Global Senior
		Subordinated Notes (Callable 03/01/09 @ $103.50)	(B , B2)	03/01/14	7.000		887,625
	175	Kerzner International, Ltd., Global Senior
		Subordinated Notes (Callable 10/01/10
		@ $103.38) §	(B , B2)	10/01/15	6.750		171,500
	1,500	Majestic Star Casino LLC, Company Guaranteed
		Notes (Callable 10/15/07 @ $104.75)	(BB- , B2)	10/15/10	9.500		1,608,750
	1,000	Majestic Star LLC, Rule 144A, Senior Notes
		(Callable 10/15/08 @ $104.88) ‡	(B- , B3)	01/15/11	9.750		1,027,500
	250	MGM Mirage, Company Guaranteed Notes	(BB , Ba2)	10/01/09	6.000		250,000
	450	MGM Mirage, Company Guaranteed Notes	(BB , Ba2)	09/15/10	8.500		490,500
	450	MGM Mirage, Company Guaranteed Notes §	(B+ , Ba3)	02/01/11	8.375		486,000
	1,000	MGM Mirage, Global Senior Notes	(BB , Ba2)	09/01/12	6.750		1,022,500
	250	MTR Gaming Group, Inc., Series B, Global
		Company Guaranteed Notes (Callable 04/01/07
		@ $104.88)	(B+ , B2)	04/01/10	9.750		265,000
	1,000	OED Corp., Global Company Guaranteed Notes
		(Callable 04/15/08 @ $104.38)	(B , B2)	04/15/12	8.750		985,000
	400	Resorts International Hotel & Casino, Inc., Global
		Company Guaranteed Notes (Callable 03/15/07
		@ $106.00) §	(B , B2)	03/15/09	11.500		444,000
	450	Station Casinos, Inc., Global Senior Subordinated
		Notes (Callable 03/01/09 @ $102.58) §	(B+ , Ba3)	03/01/16	6.875		459,563
	335	Waterford Gaming LLC, Rule 144A, Senior Notes
		(Callable 09/15/08 @ $103.55) ‡	(B+ , B1)	09/15/12	8.625		358,450
	250	Wheeling Island Gaming, Inc., Global Company
		Guaranteed Notes (Callable 12/15/06 @ $102.53)	(B+ , B3)	12/15/09	10.125		262,813
	1,000	Wynn Las Vegas LLC, Global First Mortgage Notes
		(Callable 12/01/09 @ $103.31) §	(B+ , B2)	12/01/14	6.625		978,750
							17,549,950
Healthcare Facilities/Supplies (6.8%)
	500	AMR HOLDCO/EMCARE HOLDCO, Global Senior
		Subordinated Notes (Callable 02/15/10 @ $105.00)	(B- , Caa1)	02/15/15	10.000		535,000
	1,800	CDRV Investors, Inc., Global Senior Discount
		Notes (Callable 01/01/10 @ $104.81) +	(B- , Caa2)	01/01/15	0.000		1,174,500
	1,000	Concentra Operating Corp., Global Company
		Guaranteed Notes (Callable 08/15/07 @ $104.75)	(B- , B3)	08/15/10	9.500		1,042,500
	1,000	Extendicare Health Services, Inc., Senior
		Subordinated Notes (Callable 05/01/09 @ $103.44)	(B , B2)	05/01/14	6.875		982,500
	750	Fisher Scientific International, Inc., Global Senior
		Subordinated Notes (Callable 08/15/09
		@ $103.38)	(BB+ , Ba2)	08/15/14	6.750		782,812
	500	Hanger Orthopedic Group, Inc., Company
		Guaranteed Global Notes (Callable 02/15/06
		@ $105.19) §	(CCC+ , B3)	02/15/09	10.375		501,250
	1,150	HCA, Inc., Notes	(BB+ , Ba2)	10/01/12	6.300		1,150,143

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
	Healthcare Facilities/Supplies (continued)
$	1,025	Iasis Healthcare, Global Senior Subordinated
		Notes (Callable 06/15/09 @ $104.38)	(B- , B3)	06/15/14	8.750	$	1,054,469
	1,000	Medquest, Inc., Series B, Global Company
		Guaranteed Notes (Callable 08/15/07 @ $105.94)	(CCC+ , Caa1)	08/15/12	11.875		925,000
	1,500	MQ Associates, Inc., Global Senior Discount
		Notes (Callable 08/15/08 @ $109.00) +	(CCC+ , Caa3)	08/15/12	0.000		757,500
	1,450	Tenet Healthcare Corp., Global Senior Notes §	(B , B3)	07/01/14	9.875		1,457,250
	500	Tenet Healthcare Corp., Rule 144A, Senior
		Notes ‡§	(B , B3)	02/01/15	9.250		492,500
	1,665	Triad Hospitals, Inc., Senior Notes (Callable
		05/15/08 @ $103.50)	(BB- , B2)	05/15/12	7.000		1,717,031
	1,275	Universal Hospital Services, Inc., Global Senior
		Notes (Callable 11/01/07 @ $105.06)	(B- , B3)	11/01/11	10.125		1,326,000
	1,600	Vanguard Health Holding Company LLC, Global
		Senior Subordinated Notes (Callable 10/01/09
		@ $104.50) §	(CCC+ , Caa1)	10/01/14	9.000		1,696,000
							15,594,455
	Home Builders (3.2%)
	950	Ashton Woods USA/Finance, Rule 144A Senior
		Subordinated Note (Callable 10/01/10
		@ $104.75) ‡	(B- , B3)	10/01/15	9.500		889,437
	625	K Hovnanian Enterprises, Inc., Global Company
		Guaranteed Notes	(BB , Ba1)	01/15/16	6.250		589,416
	1,775	KB Home, Senior Subordinated Notes	(BB- , Ba2)	12/15/08	8.625		1,899,575
	900	Standard Pacific Corp., Global Senior Notes	(BB , Ba2)	08/15/15	7.000		852,750
	1,200	Technical Olympic USA, Inc., Global Senior
		Subordinated Notes	(B- , B2)	01/15/15	7.500		1,051,500
	1,000	WCI Communities, Inc., Global Company
		Guaranteed Notes (Callable 05/01/07 @ $104.56)	(B+ , Ba3)	05/01/12	9.125		1,025,000
	1,000	William Lyon Homes, Inc., Company Guaranteed
		Notes (Callable 04/01/08 @ $105.38) §	(B , B2)	04/01/13	10.750		1,040,000
							7,347,678
	Industrial (1.2%)
	1,000	Altra Industrial Motion, Inc., Rule 144A, Secured
		Notes (Callable 12/01/08 @ $104.50) ‡#	(CCC+ , B3)	12/01/11	9.750		997,500
	1,000	Amsted Industries, Inc., Rule 144A, Senior Notes
		(Callable 10/15/07 @ $105.12) ‡§	(B , B3)	10/15/11	10.250		1,080,000
	450	Amtrol, Inc., Senior Subordinated Notes §	(CCC- , Caa3)	12/31/06	10.625		432,984
	200	Coleman Cable, Inc., Global Company Guaranteed
		Notes (Callable 10/01/08 @ $104.94)	(B- , B3)	10/01/12	9.875		167,000
							2,677,484
	Leisure (3.2%)
	1,355	Affinity Group, Inc., Global Senior Subordinated
		Notes (Callable 02/15/08 @ $105.44)	(B- , Caa1)	02/15/12	10.875		1,307,933
	2,000	AMC Entertainment, Inc., Global Senior
		Subordinated Notes (Callable 03/01/09
		@ $104.00)	(CCC+ , B3)	03/01/14	8.000		1,740,000
	250	Bally Total Fitness Holding Corp., Global Senior
		Notes (Callable 07/15/07 @ $105.25)	(CCC- , Caa1)	07/15/11	10.500		259,375
	500	Bluegreen Corp., Series B, Company Guaranteed
		Notes (Callable 04/01/06 @ $100.00)	(B- , B3)	04/01/08	10.500		502,500
	1,150	Cinemark, Inc., Global Senior Discount Notes
		(Callable 03/15/09 @ $104.88) +	(B- , Caa1)	03/15/14	0.000		845,250

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
Leisure (continued)
$	650	Icon Health & Fitness, Inc., Global Company
		Guaranteed Notes (Callable 04/01/07
		@ $105.62) §	(CCC- , Caa3)	04/01/12	11.250	$	636,188
	950	Six Flags, Inc., Global Senior Notes (Callable
		02/01/06 @ $104.44)	(CCC , Caa1)	02/01/10	8.875		969,000
	1,050	Six Flags, Inc., Global Senior Notes (Callable
		06/01/09 @ $104.81)	(CCC , Caa1)	06/01/14	9.625		1,073,625
							7,333,871
Lodging (0.5%)
	650	Host Marriott LP, Global Senior Notes (Callable
		11/01/08 @ 103.56) §	(BB- , Ba2)	11/01/13	7.125		671,937
	525	Host Marriott LP, Series O, Global Company
		Guaranteed Notes (Callable 03/15/10
		@ $103.19) §	(BB- , Ba2)	03/15/15	6.375		521,063
							1,193,000
Metals & Mining (3.9%)
	900	AK Steel Corp., Global Company Guaranteed
		Notes (Callable 06/15/07 @ $103.88)	(B+ , B1)	06/15/12	7.750		882,000
	1,000	Aleris International, Inc., Global Company
		Guaranteed Notes (Callable 11/15/09 @ $104.50)	(B , NR)	11/15/14	9.000		1,050,000
	1,600	Alpha Natural Resources LLC, Global Company
		Guaranteed Notes (Callable 06/01/08 @ $105.00) #	(B- , B3)	06/01/12	10.000		1,768,000
	1,000	Edgen Acquisition Corp., Global Secured Notes	(B- , B3)	02/01/11	9.875		995,000
	1,100	International Steel Group, Inc., Global Senior
		Notes §	(BBB- , Ba1)	04/15/14	6.500		1,127,500
	725	Southern Copper Corp., Global Senior Notes	(BBB- , Ba1)	07/27/35	7.500		727,997
	1,000	UCAR Finance, Inc., Global Company Guaranteed
		Notes (Callable 02/15/07 @ $105.13)	(B- , B2)	02/15/12	10.250		1,071,250
	750	WCI Steel, Inc., Series B, Senior Secured Notes ø	(NR , NR)	12/01/49	10.000		498,750
	1,000	Wise Metals Group LLC, Global Secured Notes
		(Callable 05/15/08 @ $105.13) §	(CCC+ , Caa1)	05/15/12	10.250		695,000
							8,815,497
Paper & Forest Products (3.2%)
	1,000	Appleton Papers, Inc., Series B, Senior
		Subordinated Notes (Callable 06/15/09 @ $104.88)	(B+ , B3)	06/15/14	9.750		955,000
	550	Boise Cascade LLC, Global Company Guaranteed
		Notes (Callable 10/15/09 @ $103.56)	(B+ , B2)	10/15/14	7.125		510,125
	615	Caraustar Industries, Inc., Global Company
		Guaranteed Notes (Callable 04/01/06
		@ $105.25) §	(B- , Caa1)	04/01/11	9.875		649,594
	1,000	Cellu Tissue Holdings, Secured Notes (Callable
		03/15/07 @ $107.31)	(B , B2)	03/15/10	9.750		990,000
	750	Georgia-Pacific Corp., Global Senior Notes	(B , B2)	01/15/24	8.000		735,000
	1,550	Newark Group, Inc., Global Senior Subordinated
		Notes (Callable 03/15/09 @ $104.88)	(B- , Caa1)	03/15/14	9.750		1,379,500
	375	Newpage Corp., Global Secured Notes (Callable
		05/01/09 @ $106.00) §	(CCC+ , B3)	05/01/12	10.000		380,625
	1,900	Stone Container Corp., Global Senior Notes
		(Callable 07/01/07 @ $104.19) §	(CCC+ , B2)	07/01/12	8.375		1,828,750
							7,428,594

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
Pharmaceuticals (0.3%)
$	700	Athena Neurosciences Finance LLC, Company
		Guaranteed Notes	(B , B3)	02/21/08	7.250	$	693,000
Publishing (6.1%)
	1,000	American Media Operations, Inc., Global Company
		Guaranteed Notes (Callable 05/01/06 @ $105.13)	(CCC , Caa1)	05/01/09	10.250		920,000
	1,250	CBD Media Holdings, Global Senior Notes
		(Callable 07/15/08 @ $104.63)	(CCC+ , Caa2)	07/15/12	9.250		1,273,437
	1,725	Cenveo Corp., Global Senior Subordinated Notes
		(Callable 12/01/08 @ $103.94) §	(B- , B3)	12/01/13	7.875		1,690,500
	500	Dex Media, Inc., Global Discount Notes (Callable
		11/15/08 @ $104.50) +§	(B , B3)	11/15/13	0.000		415,000
	1,500	Dex Media, Inc., Global Discount Notes (Callable
		01/15/08 @ $104.50) +	(B , B3)	11/15/13	0.000		1,245,000
	900	Dex Media, Inc., Global Notes (Callable 11/15/08
		@ $104.00)	(B , B3)	11/15/13	8.000		929,250
	1,150	Haights Cross Operating Co., Global Company
		Guaranteed Notes (Callable 08/15/08 @ $105.88)	(CCC , Caa1)	08/15/11	11.750		1,214,688
	750	Houghton Mifflin Co., Global Senior Discount
		Notes (Callable 10/15/08 @ $105.75) +§	(B- , Caa2)	10/15/13	0.000		616,875
	1,000	Houghton Mifflin Co., Global Senior Subordinated
		Notes (Callable 02/01/08 @ $104.94)	(B- , Caa1)	02/01/13	9.875		1,085,000
	1,835	R.H. Donnelley Corp., Rule 144A, Senior Discount
		Notes (Callable 01/15/09 @ $103.44) ‡	(B , Caa1)	01/15/13	6.875		1,692,787
	350	Vertis, Inc., Global Secured Notes (Callable
		04/01/06 @ $105.19)	(CCC , B3)	04/01/09	9.750		364,000
	890	Vertis, Inc., Series B, Global Company Guaranteed
		Notes (Callable 06/15/06 @ $105.44) §	(CCC , Caa1)	06/15/09	10.875		876,650
	1,650	WDAC Subsidiary Corp., Rule 144A, Senior Notes
		(Callable 12/01/09 @ $104.19) ‡§	(CCC+ , Caa1)	12/01/14	8.375		1,612,875
							13,936,062
Restaurants (2.7%)
	850	Buffets, Inc., Global Senior Subordinated Notes
		(Callable 07/15/06 @ $105.62) §	(CCC , B3)	07/15/10	11.250		887,188
	1,350	Denny’s Corp., Global Company Guaranteed Notes
		(Callable 10/01/08 @ $105.00) §	(CCC+ , Caa1)	10/01/12	10.000		1,387,125
	250	Friendly Ice Cream Corp., Global Senior Notes
		(Callable 06/15/08 @ $104.19)	(B- , B2)	06/15/12	8.375		226,875
	1,000	Mortons Restaurant Group, Inc., Global Secured
		Notes (Callable 07/01/07 @ $105.30)	(B- , B2)	07/01/10	7.500		1,082,500
	1,000	O’Charleys, Inc., Global Senior Subordinated Notes
		(Callable 11/01/08 @ $104.50) §	(B , Ba3)	11/01/13	9.000		1,025,000
	1,083	Romacorp, Inc., Senior Notes	(NR , NR)	12/31/08	10.500		270,772
	550	Sbarro, Inc., Company Guaranteed Notes (Callable
		09/15/06 @ $101.83) §	(CCC+ , Caa2)	09/15/09	11.000		555,500
	1,000	Uno Restaurant Corp., Rule 144A, Senior Notes
		(Callable 02/15/08 @ $110.00) ‡	(B- , B3)	02/15/11	10.000		847,500
							6,282,460

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
Retail-Food & Drug (3.4%)
$	525	Delhaize America, Inc., Global Company
		Guaranteed Notes	(BB+ , Ba1)	04/15/11	8.125	$	573,126
	1,750	Duane Reade, Inc., Global Senior Subordinated
		Notes (Callable 08/01/08 @ $104.88) §	(CCC- , Caa3)	08/01/11	9.750		1,286,250
	600	General Nutrition Center, Global Company
		Guaranteed Notes (Callable 01/15/08 @ $104.31)	(B- , B3)	01/15/11	8.625		591,000
	1,000	Gregg Appliances, Inc., Senior Note (Callable
		02/01/09 @ $104.50)	(B , B2)	02/01/13	9.000		917,500
	500	Ingles Markets, Inc., Global Company Guaranteed
		Notes (Callable 12/01/06 @ $104.44) §	(B , B3)	12/01/11	8.875		527,500
	1,000	Rite Aid Corp., Global Company Guaranteed Notes
		(Callable 01/15/10 @ $103.75)	(B+ , B2)	01/15/15	7.500		962,500
	1,775	Stater Brothers Holdings, Inc., Global Senior Notes
		(Callable 06/15/08 @ $104.06) §	(BB- , B1)	06/15/12	8.125		1,775,000
	1,000	Stripes Acquisition LLC, Rule 144A, Senior Notes
		(Callable 12/15/09 @ $105.31) ‡	(B , B2)	12/15/13	10.625		1,040,000
							7,672,876
Retail Stores (4.7%)
	950	Asbury Automotive Group, Inc., Global Company
		Guaranteed Notes (Callable 06/15/07 @ $104.50) §	(B , B3)	06/15/12	9.000		969,000
	1,250	Brookstone Company, Inc., Rule 144A, Secured
		Notes (Callable 10/15/09 @ $106.00) ‡§	(B , B3)	10/15/12	12.000		1,162,500
	1,000	CSK Auto, Inc., Global Company Guaranteed Notes
		(Callable 01/15/09 @ $103.50)	(B- , B2)	01/15/14	7.000		917,500
	950	Finlay Fine Jewelry Corp., Global Senior Notes
		(Callable 06/01/08 @ $104.19) §	(B , B3)	06/01/12	8.375		847,875
	1,175	GSC Holdings Corp., Rule 144A, Global Company
		Guaranteed Notes (Callable 10/01/09
		@ $104.00) ‡§	(B+ , Ba3)	10/01/12	8.000		1,147,094
	500	Intcomex, Inc., Rule 144A, Secured Notes (Callable
		01/15/07 @ $106.00) ‡	(B- , Caa1)	01/15/11	11.750		490,000
	825	JC Penney Company, Inc., Series MTNA, Notes	(BB+ , Ba1)	10/15/15	6.875		889,120
	1,045	Movie Gallery, Inc., Global Senior Unsecured Notes
		(Callable 05/01/08 @ $105.50)	(CCC , B3)	05/01/12	11.000		792,894
	500	Nebraska Book Company, Inc., Global Senior
		Subordinated Notes (Callable 03/15/08 @ $104.31)	(CCC+ , Caa1)	03/15/12	8.625		467,500
	815	Neiman Marcus Group, Inc., Rule 144A, Senior
		Subordinated Notes (Callable 10/15/10
		@ $105.19) ‡§	(B- , B3)	10/15/15	10.375		844,544
	1,400	Southern States Cooperative, Inc., Rule 144A,
		Senior Notes (Callable 11/01/07 @ $108.00) ‡	(B , B3)	11/01/10	10.500		1,470,000
	750	United Auto Group, Inc., Global Company
		Guaranteed Notes (Callable 03/15/07 @ $104.81)	(B , B3)	03/15/12	9.625		800,625
							10,798,652
Satellite (1.3%)
	1,000	EchoStar DBS Corp., Global Company Guaranteed
		Notes §	(BB- , Ba3)	10/01/14	6.625		975,000
	1,000	PanAmSat Corp., Global Company Guaranteed
		Notes (Callable 08/15/09 @ $104.50)	(B+ , B1)	08/15/14	9.000		1,056,250
	1,000	Sirius Satellite Radio, Inc., Global Senior
		Unsecured Notes (Callable 09/01/09 @ $104.81)	(CCC , Caa1)	08/01/13	9.625		987,500
							3,018,750

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
	Secondary Oil & Gas Producers (1.6%)
$	1,933	Chesapeake Energy Corp., Senior Notes (Callable
		01/15/09 @ $103.44)	(BB , Ba2)	01/15/16	6.875	$	1,981,325
	450	Fisher Communications, Inc., Global Senior Notes
		(Callable 09/15/09 @ $104.31)	(B- , B2)	09/15/14	8.625		475,313
	423	Magnum Hunter Resources, Inc., Global Company
		Guaranteed Notes (Callable 03/15/07 @ $104.80)	(B+ , Ba3)	03/15/12	9.600		460,541
	200	Range Resources Corp., Global Company
		Guaranteed Notes (Callable 03/15/10 @ $103.19)	(B , B2)	03/15/15	6.375		200,500
	600	Whiting Petroleum Corp., Global Senior
		Subordinated Notes (Callable 05/01/08 @ $103.63)	(B- , B2)	05/01/12	7.250		615,750
							3,733,429
	Services-Other (6.3%)
	1,250	Allied Security Escrow Corp., Global Senior
		Subordinated Notes (Callable 07/15/08
		@ $105.69)	(CCC+ , Caa1)	07/15/11	11.375		1,193,750
	750	Cardtronics, Inc., Rule 144A, Senior
		Subordinated Notes (Callable 08/15/09
		@ 104.63) ‡	(B- , Caa1)	08/15/13	9.250		755,625
	500	Corrections Corporation of America, Senior
		Notes, (Callable 05/01/07 @ $103.75)	(BB- , Ba3)	05/01/11	7.500		518,125
	1,000	DI FINANCE/DYNCORP INTL, Senior
		Subordinated Note (Callable 02/15/09 @ 104.75)	(B- , Caa1)	02/15/13	9.500		1,035,000
	600	Hertz Corp., Rule 144A Senior Subordinated
		Notes (Callable 01/01/11 @ $105.25) ‡§	(B , B3)	01/01/16	10.500		630,000
	500	Hertz Corp., Rule 144A, Senior Notes (Callable
		01/01/10 @ $104.44) ‡	(B , B1)	01/01/14	8.875		518,750
	1,000	HydroChem Industrial Services, Inc., Rule 144A,
		Senior Subordinated Notes (Callable 02/15/09
		@ $104.63) ‡	(CCC+ , Caa1)	02/15/13	9.250		975,000
	1,000	Integrated Alarm Services Group, Inc., Rule
		144A, Secured Notes (Callable 11/15/08
		@ $106.00) ‡#	(B- , B3)	11/15/11	12.750		985,000
	750	Iron Mountain, Inc., Company Guaranteed Notes
		(Callable 04/01/06 @ $104.31)	(B , Caa1)	04/01/13	8.625		785,625
	250	Iron Mountain, Inc., Company Guaranteed Notes
		(Callable 07/01/08 @ $103.31)	(B , Caa1)	01/01/16	6.625		236,250
	980	La Petite Academy, Inc., Series B, Company
		Guaranteed Notes (Callable 05/15/06 @ $100.00) §	(CC , Ca)	05/15/08	10.000		648,944
	750	Language Line, Inc., Global Senior Notes (Callable
		06/15/08 @ 105.56) §	(CCC+ , Caa1)	06/15/12	11.125		678,750
	250	Mac-Gray Corp., Senior Notes (Callable 08/15/10
		@ $103.81)	(BB- , B1)	08/15/15	7.625		253,125
	1,000	Muzak LLC/Muzak Finance Corp., Global Senior
		Notes (Callable 02/15/06 @ $105.00)	(CCC- , Caa2)	02/15/09	10.000		890,000
	1,000	Rent-Way, Inc., Global Secured Notes	(B- , B3)	06/15/10	11.875		1,060,000
	750	Stewart Enterprises, Inc., Rule 144A, Senior
		Notes (Callable 02/15/09 @ $103.13) ‡#§	(BB- , B1)	02/15/13	7.750		731,250
	440	United Rentals North America, Inc., Global
		Company Guaranteed Notes (Callable 02/15/08
		@ $103.25)	(B+ , B3)	02/15/12	6.500		435,600
	1,275	United Rentals North America, Inc., Global Senior
		Subordinated Notes (Callable 02/15/09 @ $103.50)	(B , Caa1)	02/15/14	7.000		1,214,437
	900	Williams Scotsman, Inc., Global Company
		Guaranteed Notes (Callable 10/01/10 @ $104.25)	(B , B3)	10/01/15	8.500		936,000
							14,481,231

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
	Technology (3.9%)
$	1,300	Amkor Technology, Inc., Global Senior Notes
		(Callable 05/15/08 @ $103.88) §	(CCC+ , Caa1)	05/15/13	7.750	$	1,150,500
	170	Ampex Corp., Secured Notes ^	(NR , NR)	08/15/08	12.000		170,129
	900	Magnachip Semiconductor, Global Senior
		Subordinated Notes (Callable 12/15/09
		@ $104.00) §	(B- , B2)	12/15/14	8.000		875,250
	570	Sanmina-SCI Corp., Global Company Guaranteed
		Notes (Callable 03/01/09 @ $103.38) §	(B , B1)	03/01/13	6.750		547,200
	725	Sanmina-SCI Corp., Senior Subordinated Notes
		(Callable 03/01/11 @ $104.06)	(B , B1)	03/01/16	8.125		725,000
	650	Spansion LLC, Rule 144A Senior Notes (Callable
		01/15/11 @ $105.63) ‡	(B , Caa1)	01/15/16	11.250		617,500
	1,750	SunGard Data Systems, Inc., Rule 144A, Senior
		Subordinated Notes (Callable 08/15/10
		@ $105.13) ‡	(B- , Caa1)	08/15/15	10.250		1,767,500
	675	SunGard Data Systems, Inc, Rule 144A, Senior
		Unsecured Notes (Callable 08/15/09 @ $104.56) ‡	(B- , B3)	08/15/13	9.125		705,375
	1,000	Viasystems, Inc., Global Senior Subordinated
		Notes (Callable 01/15/08 @ $105.25)	(CCC+ , Caa2)	01/15/11	10.500		937,500
	1,350	Xerox Corp., Senior Notes (Callable 06/15/08
		@ $103.81)	(BB- , Ba2)	06/15/13	7.625		1,441,125
							8,937,079
	Textile/Apparel/Shoe Manufacturing (2.8%)
	2,797	BGF Industries, Inc., Series B, Senior Subordinated
		Notes (Callable 01/15/07 @ $100.00)	(CCC- , Ca)	01/15/09	10.250		2,636,173
	1,000	Levi Strauss & Co., Global Senior Notes (Callable
		01/15/10 @ $104.88)	(B- , Caa2)	01/15/15	9.750		1,058,750
	1,200	Levi Strauss & Co., Global Senior Notes (Callable
		12/15/07 @ $106.12)	(B- , Caa2)	12/15/12	12.250		1,368,000
	400	Phillips-Van Heusen Corp., Global Senior Notes
		(Callable 02/15/08 @ $103.63)	(BB , B1)	02/15/11	7.250		410,000
	950	Propex Fabrics, Inc., Global Company Guaranteed
		Notes (Callable 12/01/08 @ $105.00)	(B- , B3)	12/01/12	10.000		850,250
							6,323,173
	Tower (0.4%)
	825	American Tower Corp., Class A, Global Senior
		Notes (Callable 10/15/08 @ $103.56) §	(BB- , B1)	10/15/12	7.125		860,063
	Transportation/Other (0.2%)
	651	H-Lines Finance Holding Corp., Global Senior
		Discount Notes (Callable 04/01/08 @ $105.50) +	(CCC+ , Caa2)	04/01/13	0.000		543,585
	Utilities (5.0%)
	1,000	AES Corp., Rule 144A, Secured Notes (Callable
		05/15/08 @ $104.50) ‡	(B+ , Ba3)	05/15/15	9.000		1,100,000
	1,000	Allegheny Energy Supply Company LLC, Global
		Notes	(BB- , Ba3)	03/15/11	7.800		1,080,000
	1,100	Aquila, Inc., Senior Notes	(B- , B2)	11/15/09	7.625		1,130,250
	1,800	Calpine Generating Company LLC, Global Secured
		Notes (Callable 04/01/08 @ $103.50) #	(D , Caa1)	02/01/10	10.135		1,912,500
	1,000	CMS Energy Corp., Global Senior Notes §	(B+ , B1)	07/15/08	8.900		1,070,000
	800	CMS Energy Corp., Global Senior Notes	(B+ , B1)	08/01/10	7.750		846,000
	350	Edison Mission Energy, Global Senior Notes	(B+ , B1)	08/15/08	10.000		382,375
	1,300	Edison Mission Energy, Senior Notes	(B+ , B1)	06/15/09	7.730		1,342,250
	1,000	Midwest Generation LLC, Global Secured Notes
		(Callable 05/01/09 @ $104.38)	(B , B1)	05/01/34	8.750		1,100,000
	186	NRG Energy, Inc., Global Company Guaranteed
		Notes (Callable 12/15/08 @ $104.00)	(B , Ba3)	12/15/13	8.000		208,320

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
Utilities (continued)
$	625	NRG Energy, Inc., Senior Notes (Callable 02/01/11
		@ $103.69)	(B , B1)	02/01/16	7.375	$	639,063
	500	Sierra Pacific Resources, Global Senior Notes
		(Callable 03/15/09 @ $104.31)	(B- , B1)	03/15/14	8.625		546,641
							11,357,399
Wireless (4.9%)
	450	AirGate PCS, Inc., Rule 144A, Secured Notes
		(Callable 01/01/07 @ $102.34) ‡§	(CCC , Caa1)	09/01/09	9.375		473,520
	600	AirGate PCS, Inc., Secured Note (Callable
		01/01/07 @ $102.34) §	(CCC , Caa1)	09/01/09	9.375		631,500
	750	Centennial Communications Corp., Global
		Company Guaranteed Notes (Callable 06/15/08
		@ $105.06)	(CCC , B3)	06/15/13	10.125		825,000
	495	Dobson Cellular Systems, Global Secured Notes
		(Callable 11/01/08 @ $104.94)	(CCC , B2)	11/01/12	9.875		546,975
	1,150	Dobson Communications Corp., Global Senior
		Notes (Callable 10/01/08 @ $104.44) §	(CCC , Caa2)	10/01/13	8.875		1,164,375
	750	Horizon PCS, Inc., Global Company Guaranteed
		Notes (Callable 07/15/08 @ $105.69)	(CCC , B3)	07/15/12	11.375		868,125
	850	iPCS, Inc., Global Senior Notes (Callable 05/01/08
		@ $105.75)	(CCC , B3)	05/01/12	11.500		983,875
	500	Nextel Communications, Inc., Series D, Senior
		Notes (Callable 08/01/08 @ $103.69) §	(A- , Baa2)	08/01/15	7.375		528,818
	500	Rural Cellular Corp., Global Senior Notes (Callable
		08/01/07 @ $104.94) §	(CCC , Caa1)	02/01/10	9.875		540,000
	1,250	Rural Cellular Corp., Global Senior Subordinated
		Notes (Callable 01/15/07 @ $103.25) §	(CCC , Caa2)	01/15/10	9.750		1,281,250
	675	Rural Cellular Corp., Rule 144A, Senior
		Subordinated Notes (Callable 11/01/07
		@ $102.00) ‡#§	(CCC , Caa2)	02/01/12	10.041		696,937
	1,875	Triton PCS, Inc., Global Company Guaranteed
		Notes (Callable 06/01/08 @ $104.25)	(CCC- , Caa1)	06/01/13	8.500		1,781,250
	725	Ubiquitel Operating Co., Global Senior Notes
		(Callable 03/01/07 @ $107.41)	(B- , Caa1)	03/01/11	9.875		799,312
							11,120,937
TOTAL U.S. CORPORATE BONDS (Cost $306,070,308)							304,129,447
FOREIGN CORPORATE BONDS (10.2%)
Broadband (0.3%)
$	650	Global Crossing UK Finance, Company Guaranteed
		Notes (Callable 12/15/09 @ $105.38) (United
		Kingdom)	(B- , Caa1)	12/15/14	10.750		611,000
Building Products (0.2%)
	1,250	Maax Holdings, Inc., Global Senior Discount Notes
		(Callable 12/15/08 @ $105.63) (Canada) +	(CCC , Caa3)	12/01/12	0.000		443,750
Cable (0.8%)
	1,050	Kabel Deutschland GmbH, Rule 144A, Senior
		Notes (Callable 07/01/09 @ $105.31) (Germany) ‡	(B- , B2)	07/01/14	10.625		1,107,750
	883	Telenet Group Holding NV, Rule 144A, Discount
		Notes (Callable 12/15/08 @ $105.75) (Belgium) ‡+	(CCC+ , Caa1)	12/15/14	0.000		739,512
							1,847,262

	Par		Ratings†
	(000)		(S&P/Moody’s)	Maturity	Rate%		Value
Chemicals (0.4%)
$	877	Rhodia SA, Global Senior Notes (France)	(CCC+ , B3)	06/01/10	10.250	$	975,663
Industrial - Other (0.5%)
	1,000	Ashtead Holdings PLC, Rule 144A, Secured
		Notes (Callable 08/01/10 @ $104.31) ‡	(B , B2)	08/01/15	8.625		1,055,000
	1,021	International Utility Structures, Inc., Yankee
		Senior Subordinated Notes (Callable 02/01/06
		@ $100.00) (Canada) ^ø	(NR , NR)	02/01/08	10.750		0
							1,055,000
Leisure (0.6%)
	1,250	NCL Corp., Global Senior Notes (Callable
		07/15/09 @ $105.31) (Bermuda) #	(B+ , B2)	07/15/14	10.625		1,314,063
Media (0.1%)
	225	Quebecor Media, Inc., Rule 144A, Senior Notes
		(Callable 3/15/11 @ $103.88) ‡§	(B , B2)	03/15/16	7.750		230,625
Metals & Mining (0.8%)
	1,000	Gerdau Ameristeel Corp., Global Senior Notes
		(Callable 07/15/07 @ $105.38) (Canada)	(BB- , Ba3)	07/15/11	10.375		1,107,500
	650	Ispat Inland ULC, Global Secured Notes (Callable
		04/01/09 @ $104.88) (Canada)	(BBB+ , Baa3)	04/01/14	9.750		750,750
							1,858,250
Paper & Forest Products (1.5%)
	650	Abitibi-Consolidated, Inc., Global Notes (Canada)	(B+ , B1)	06/15/11	7.750		612,625
	650	Abitibi-Consolidated, Inc., Yankee Senior Notes
		(Canada) §	(B+ , B1)	04/01/15	8.375		614,250
	750	JSG Funding PLC, Global Senior Notes (Callable
		10/01/07 @ $104.81) (Ireland)	(B- , B3)	10/01/12	9.625		778,125
	1,000	JSG Funding PLC, Global Senior Subordinated
		Notes (Callable 01/31/10 @ $103.88) (Ireland)	(B- , Caa1)	04/01/15	7.750		890,000
	1,200	Tembec Industries, Inc., Yankee Company
		Guaranteed Notes (Callable 06/30/06 @ $101.44)
		(Canada)	(CCC+ , B3)	06/30/09	8.625		567,000
							3,462,000
Pharmaceuticals (0.3%)
	500	Biovail Corp., Yankee Senior Subordinated Notes
		(Callable 04/01/06 @ 103.94) (Canada) §	(BB- , B2)	04/01/10	7.875		519,375
Publishing (0.3%)
	850	Quebecor World Capital Corp., Global Company
		Guaranteed Notes (Canada)	(BB , Ba3)	11/15/13	6.125		746,167
Retail-Food & Drug (0.7%)
	1,725	Jean Coutu Group (PJC), Inc., Global Senior
		Subordinated Notes (Callable 08/01/09
		@ $104.25) (Canada)	(B- , Caa1)	08/01/14	8.500		1,651,688
Satellite (0.7%)
	1,000	Intelsat Bermuda, Ltd., Rule 144A, Senior
		Notes (Callable 07/15/06 @ $101.00)
		(Bermuda) ‡#	(B+ , B2)	07/17/12	9.609		1,022,500
	650	Intelsat, Ltd., Global Senior Notes	(B , Caa1)	11/01/08	5.250		598,000
							1,620,500

Par		Ratings†
(000)		(S&P/Moody’s)	Maturity	Rate%		Value
Technology (1.3%)
$ 1,175	Celestica, Inc., Senior Subordinated Notes
	(Callable 07/01/08 @ $103.94) (Canada)	(B , B2)	07/01/11	7.875	$	1,189,687
450	Flextronics International, Ltd., Global Senior
	Subordinated Notes (Callable 11/15/09
	@ $103.13) (Singapore) §	(BB- , Ba2)	11/15/14	6.250		441,000
1,700	New Asat, Ltd., Global Company Guaranteed
	Notes (Callable 02/01/08 @ $104.63) (Cayman
	Islands)	(B- , B3)	02/01/11	9.250		1,360,000
						2,990,687
Transportation/Other (1.1%)
445	Sea Containers, Ltd., Series B, Yankee Senior
	Notes (Bermuda)	(B , B3)	02/15/08	7.875		436,100
1,750	Ship Finance International, Ltd., Global Senior
	Notes (Callable 12/15/08 @ $104.25) (Bermuda)	(B , B1)	12/15/13	8.500		1,636,250
500	Titan Petrochemicals Group, Ltd., Rule 144A,
	Company Guaranteed Notes (Bermuda) ‡	(B+ , B1)	03/18/12	8.500		476,250
						2,548,600
Wireless (0.6%)
750	Millicom International Cellular SA, Global Senior
	Notes (Callable 12/01/08 @ $105.00)
	(Luxembourg) #	(B- , B3)	12/01/13	10.000		828,750
500	Rogers Wireless Communications, Inc., Global
	Secured Notes (Canada)	(BB , Ba3)	03/15/15	7.500		545,000
						1,373,750
TOTAL FOREIGN CORPORATE BONDS (Cost $24,830,638)						23,248,380
Number
of
Shares
COMMON STOCKS (1.5%)
Automobile Manufacturing/Vehicle Parts (0.0%)
774,557	Cambridge Industries Liquidating Trust ^*					0
Chemicals (0.1%)
4,893	Huntsman Corp. *					105,787
Food Processors/Beverage/Bottling (0.4%)
845	Crunch Equity Holdings, Class A *					908,340
Healthcare Facilities/Supplies (0.0%)
464	Magellan Health Services, Inc. *					16,927
Utilities (0.7%)
58,527	Mirant Corp. *					1,638,756
Wireless (0.3%)
99,764	Dobson Communications Corp., Class A *					740,249
TOTAL COMMON STOCKS (Cost $3,556,441)						3,410,059

	Number
	of
	Shares			Value
	WARRANTS (0.0%)
	Broadband (0.0%)
	6,750	GT Group Telecom, Inc., Rule 144A,
		strike price $0.00, expires 02/01/10 ‡^*	$	0
	5,980	Ono Finance PLC, expires 05/31/09 *		60
				60
	Diversified Telecommunications (0.0%)
	3,000	Versatel Telecom International NV, strike price
		$2.81, expires 05/15/08 *		3,751
	Gaming (0.0%)
	106	Windsor Woodmont Black Hawk, strike price $0.01,
		expires 03/15/10 ^*		0
	Restaurants (0.0%)
	336	New World Restaurant Group, Inc., strike price
		$13.00, expires 06/20/06 *		0
	Technology (0.0%)
	5,000	Asat Finance LLC, Rule 144A, strike price $18.60,
		expires 11/01/06 ‡*		625
	204,293	Viasystems, Inc., strike price $25.31,
		expires 01/31/10 ^*		2,043
				2,668
	TOTAL WARRANTS (Cost $3,938,143)			6,479
	Par
	(000)
	REPURCHASE AGREEMENTS (22.9%)
$	2,076	Bear Stearns & Co., 4.37%, Dated 01/31/06, due 2/01/06,
		proceeds at maturity $2,076,434 (fully collateralized by
		U.S. Treasury Strips, due 11/15/20, Market Value of
		collateral is $2,138,169)§§		2,076,182
	1,387	Bear Stearns & Co., 4.50%, Dated 01/31/06, due 2/01/06,
		proceeds at maturity $1,386,998 (fully collateralized by
		U.S. Treasury Strips, due 11/15/20, Market Value of collateral
		is $1,427,098)§§		1,386,825
	2,767	Bear Stearns & Co., 3.375%, Dated 01/31/06, due 02/01/06,
		proceeds at maturity $2,767,597 (fully collateralized by
		U.S. Treasury Strips, due 11/15/20, Market Value of collateral
		is $2,849,240)§§		2,767,338

Par
(000)			Value
REPURCHASE AGREEMENTS (continued)
$ 46,218	Bear Stearns & Co., 4.50%, Dated 01/31/06, due 02/01/06,
	proceeds at maturity $46,224,192, (fully collateralized by
	U.S. Treasury Strips, due 11/15/20,
	Freddie Mac CMO/ Series 2090, due 10/15/28,
	Fannie Mae REMIC Trust, due 01/25/24,
	Fannie Mae Strips CMO/Series, due 6/01/29,
	GNMA, due 05/16/29,
	Ginnie Mae REMIC Trust, due 11/16/29,
	Ginnie Mae REMIC Trust, due 10/16/30,
	Fannie Mae CMO/Series 2000-37, due 11/25/30,
	Freddie Mac, due 04/15/31,
	Fannie Mae, due 06/25/31,
	Fannie Mae, due 12/25/31,
	Fannie Mae CMO/Series 2001-81, due 01/18/32,
	Ginnie Mae CMO/Series 2001-61, due 09/20/30,
	Freddie Mac, due 06/15/31,
	Ginnie Mae CMO/Series 2002-20, due 03/20/32,
	Fannie Mae, due 06/25/32,
	Fannie Mae CMO/Series 2002-52, due 09/18/32,
	Fannie Mae CMO/Series 2002-71, due 11/25/32,
	Freddie Mac, due 06/15/29,
	Fannie Mae CMO/Series 2002-82, due 02/25/32,
	Ginnie Mae CMO/Series 2002-76, due 12/20/29,
	Fannie Mae CMO/Series 2002-95, due 02/25/17,
	Ginnie Mae CMO /Series 2003-001, due 06/16/31,
	Fannie Mae CMO/Series 2003-14, due 03/25/33,
	Fannie Mae CMO/Series 2003-20, 10/25/16,
	Fannie Mae, due 01/25/32,
	Fannie Mae CMO/Series 2003-43, due 05/25/33,
	Fannie Mae CMO/Series 2003-35, due 02/25/33,
	Freddie Mac CMO/Series 2601, due 11/15/17,
	Freddie Mac, due 04/15/17,
	Fannie Mae CMO/Series 2003-48, due 06/25/18,
	Fannie Mae CMO/Series 2003-52, due 07/25/17,
	Freddie Mac, due 09/15/31,
	Fannie Mae CMO/Series 2003-67, due 08/25/17,
	Fannie Mae, due 08/25/18,
	Market Value of collateral
	is $47,187,016)§§	$	46,218,415
TOTAL REPURCHASE AGREEMENTS (Cost $52,448,760)			52,448,760
Number
of
Shares
SHORT TERM INVESTMENTS (13.1%)
15,000,000	American Beacon Money Market Fund §§		15,000,000
15,000,000	Reserve Funds Primary Fund Class 8 §§		15,000,000
TOTAL SHORT TERM INVESTMENTS (Cost $30,000,000)			30,000,000
TOTAL INVESTMENTS AT VALUE (180.7%) (Cost $420,844,290)			413,243,125
LIABILITIES IN EXCESS OF OTHER ASSETS (-80.7%)			(184,490,070)
NET ASSETS (100.0%)		$	228,753,055

INVESTMENT ABBREVIATIONS
MTNA = Medium Term Note, Series A
NR = Not Rated
REMIC = Real Estate Mortgage Conduits

†	Credit ratings given by the Standard & Poor’s Division of The McGraw-Hill Companies, Inc. (“S&P”) and Moody’s
	Investors Service, Inc. (“Moody’s”) are unaudited.
#	Variable rate obligations – The interest rate shown is the rate as of January 31, 2006.
‡	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in
	transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2006, these securities
	amounted to $45,778,750 or 20.01% of net assets.
+	Step Bond – The interest stated is as of January 31, 2006 and will reset at a future date.
ø	Bond in default.
(1)	Par value of security held is less than 1,000.
*	Non-income producing security.
^	Not readily marketable; security is valued at fair value as determined in good faith by, or under the direction of, the
	Board of Trustees.
§	Security or portion thereof is out on loan.
§§	Represents security purchased with cash collateral received for securities on loan.

Portfolio Valuation – Fixed-income securities (other than short-term obligations, but including listed issues) are valued based on prices obtained by one or more independent pricing services approved by the Board of Trustees. Pricing services use a matrix, formula or other objective method that takes into consideration market indices, yield curves and other specific adjustments.

Securities (other than fixed-income securities) for which the principal market is one or more securities exchanges are valued at market value, which is generally determined using the closing price on the exchange or market on which the security is primarily traded. If a securities exchange is not the principal market for a security, such security will, if market quotations are readily available, be valued at the closing bid price in the over-the-counter market (or the last sale price in the case of securities reported on the NASDAQ national market system for which any sales occurred during the day). Investments in mutual funds are valued at eh mutual fund’s closing net asset value per share on the day of valuation. Securities and other assets for which market quotations are not readily available are valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees under procedures established by the Board of Trustees. Debt obligations that will mature in 60 days or less are valued on the basis of amortized cost, which approximates market value, unless it is determined that using this method would not reflect an investment’s fair value. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities.

Federal Income Tax Cost - At January 31, 2006, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized depreciation from investments were $420,844,290, $9,669,953, $(17,271,118) and $(7,601,165), respectively.

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is also available on the Fund’s website at http://www.credit-suisse.com/us as well as on the website of the Securities and Exchange Commission – http://www.sec.gov.

Item 2. Controls and Procedures.

    (a)  As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "Act")), were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities and Exchange Act of 1934.

    (b)  There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

1. The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)        Credit Suisse High Yield Bond Fund   

/s/ Steven Plump
Name: Steven Plump
Title: Chief Executive Officer 
Date:  March 31, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/ Steven Plump
Name: Steven Plump
Title: Chief Executive Officer 
Date:  March 31, 2006 

/s/ Michael A. Pignataro
Name: Michael A. Pignataro
Title: Chief Financial Officer 
Date:  March 31, 2006

EX-99.CERT

CERTIFICATIONS

I, Steven Plump, certify that:

1. I have reviewed this report on Form N-Q of Credit Suisse High Yield Bond Fund;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
   1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
   2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
   3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
   4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
   1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
   2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:         March 31, 2006        

        /s/ Steven Plump        
Name: Steven Plump
Title: Chief Executive Officer

CERTIFICATIONS

I, Michael A. Pignataro, certify that:

1. I have reviewed this report on Form N-Q of Credit Suisse High Yield Bond Fund;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
   1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
   2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
   3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
   4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
   1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
   2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:         March 31, 2006        

        /s/ Michael A. Pignataro        
Name: Michael A. Pignataro
Title: Chief Financial Officer