The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Chevrontexaco Corp Common 166764100 269 2,400 SH   SOLE 0 2,400 0 0
China Housing and Land Develop Common 16939V103 2,481 4,863,856 SH   SOLE 0 4,863,856 0 0
China Housing and Land Develop Common 16939V103 368 721,518 SH   OTR 1 0 0 721,518
China Pharma Hldgs Inc Com Common 16941T104 632 2,104,826 SH   SOLE 0 2,104,826 0 0
China Ritar Power Corp Common 169423100 3,181 8,371,896 SH   SOLE 0 8,371,896 0 0
China Ritar Power Corp Common 169423100 216 569,249 SH   OTR 1 0 0 569,249
China Sky One Med Inc Com Common 16941P102 0 1,164,422 SH   SOLE 0 1,164,422 0 0
China Yida Hldg Co Com New Common 16945D303 2,154 924,514 SH   SOLE 0 924,514 0 0
Conocophillips Nfs Llc Is Common 20825C104 8,324 120,538 SH   SOLE 0 120,538 0 0
Conocophillips Nfs Llc Is Common 20825C104 1,526 22,100 SH   OTR 1 0 0 22,101
DNB Nor Asa Ord Shs Common R1812S105 30,871 2,078,843 SH   SOLE 0 2,078,843 0 0
DNB Nor Asa Ord Shs Common R1812S105 4,816 324,300 SH   OTR 1 0 0 324,300
Exxon Mobil Corporation Common 30231G102 324 3,500 SH   SOLE 0 3,500 0 0
Helgeland Sparebank Nok50 Grun Common R3099U100 5,083 684,841 SH   SOLE 0 684,841 0 0
Helgeland Sparebank Nok50 Grun Common R3099U100 759 102,300 SH   OTR 1 0 0 102,300
Jiangbo Pharmaceuticals Inc Common 47737R101 19 744,696 SH   SOLE 0 744,696 0 0
Liandi Clean Technology Inc Co Common 52989W105 1,097 2,742,093 SH   SOLE 0 2,742,093 0 0
Sandnes Sparebank Primary Ca Common R74676108 383 27,318 SH   SOLE 0 27,318 0 0
Shengtai Pharmaceutical Inc Common 823214200 126 1,794,543 SH   SOLE 0 1,794,543 0 0
Sparebank 1 Nord-Norge Grunnfo Common R8288N106 9,773 1,815,092 SH   SOLE 0 1,815,092 0 0
Sparebank 1 Nord-Norge Grunnfo Common R8288N106 1,445 268,356 SH   OTR 1 0 0 268,356
Sparebank 1 SR-Bank ASA Common R8170W115 2,052 289,682 SH   SOLE 0 289,682 0 0
Sparebank 1 SR-Bank ASA Common R8170W115 396 55,900 SH   OTR 1 0 0 55,900
Sparebanken Midt Norge Common R83262114 2,931 371,300 SH   SOLE 0 371,300 0 0
Sparebanken Midt Norge Common R83262114 521 65,960 SH   OTR 1 0 0 65,960
Sparebanken Ost Nok10 Common R1984E108 1,182 171,679 SH   SOLE 0 171,679 0 0
Sparebanken Vest N0k25 Grunnfo Common R8323C107 809 118,748 SH   SOLE 0 118,748 0 0
Sparebanken Vest N0k25 Grunnfo Common R8323C107 72 10,500 SH   OTR 1 0 0 10,500
Storebrand ASA Ser A Common R85746106 15,597 3,958,400 SH   SOLE 0 3,958,400 0 0
Storebrand ASA Ser A Common R85746106 2,424 615,200 SH   OTR 1 0 0 615,200
Tianyin Pharmaceutical Co Inc Common 88630M104 544 745,175 SH   SOLE 0 745,175 0 0
Total Fina SA ADR Common 89151E109 20,182 394,180 SH   SOLE 0 394,181 0 0
Total Fina SA ADR Common 89151E109 3,243 63,341 SH   OTR 1 0 0 63,341
Totens Sparebank Nok60 Common R92151100 1,143 109,981 SH   SOLE 0 109,981 0 0
Yuhe Intl Inc Com Common 988432100 7 593,345 SH   SOLE 0 593,345 0 0