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 252 2,400 SH   SOLE 0 2,400 0 0
China Housing and Land Develop Common 16939V103 1,752 4,865,450 SH   SOLE 0 4,865,450 0 0
China Housing and Land Develop Common 16939V103 258 717,518 SH   OTR 1 0 0 717,518
China Pharma Hldgs Inc Com Common 16941T104 716 2,104,826 SH   SOLE 0 2,104,826 0 0
China Ritar Power Corp Common 169423100 3,124 8,220,201 SH   SOLE 0 8,220,201 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 1,775 924,514 SH   SOLE 0 924,514 0 0
Conocophillips Nfs Llc Is Common 20825C104 7,089 113,868 SH   SOLE 0 113,868 0 0
Conocophillips Nfs Llc Is Common 20825C104 1,144 18,380 SH   OTR 1 0 0 18,380
DNB Nor Asa Ord Shs Common R1812S105 31,720 1,970,999 SH   SOLE 0 1,970,999 0 0
DNB Nor Asa Ord Shs Common R1812S105 4,365 271,200 SH   OTR 1 0 0 271,200
Exxon Mobil Corporation Common 30231G102 298 3,500 SH   SOLE 0 3,500 0 0
Helgeland Sparebank Nok50 Grun Common R3099U100 4,639 661,641 SH   SOLE 0 661,641 0 0
Helgeland Sparebank Nok50 Grun Common R3099U100 689 98,300 SH   OTR 1 0 0 98,300
Jiangbo Pharmaceuticals Inc Common 47737R101 19 744,696 SH   SOLE 0 744,696 0 0
Liandi Clean Technology Inc Co Common 52989W105 548 2,742,093 SH   SOLE 0 2,742,093 0 0
MMR Information Sys Inc Com Common 553101106 1 214,497 SH   SOLE 0 214,497 0 0
Sandnes Sparebank Primary Ca Common R74676108 333 26,817 SH   SOLE 0 26,817 0 0
Sandnes Sparebank Primary Ca Common R74676108 47 3,800 SH   OTR 1 0 0 3,800
Shengtai Pharmaceutical Inc Common 823214200 359 1,793,293 SH   SOLE 0 1,793,293 0 0
Shengtai Pharmaceutical Inc Common 823214200 2 9,600 SH   OTR 1 0 0 9,600
Sparebank 1 Nord-Norge Grunnfo Common R8288N106 8,888 1,755,550 SH   SOLE 0 1,755,550 0 0
Sparebank 1 Nord-Norge Grunnfo Common R8288N106 1,264 249,765 SH   OTR 1 0 0 249,765
Sparebank 1 SR-Bank ASA Common R8170W115 1,976 283,082 SH   SOLE 0 283,082 0 0
Sparebank 1 SR-Bank ASA Common R8170W115 329 47,200 SH   OTR 1 0 0 47,200
Sparebanken Midt Norge Common R83262114 2,570 348,120 SH   SOLE 0 348,120 0 0
Sparebanken Midt Norge Common R83262114 434 58,760 SH   OTR 1 0 0 58,760
Sparebanken Ost Nok10 Common R1984E108 1,129 171,679 SH   SOLE 0 171,679 0 0
Sparebanken Ost Nok10 Common R1984E108 14 2,100 SH   OTR 1 0 0 2,100
Sparebanken Vest N0k25 Grunnfo Common R8323C107 794 115,248 SH   SOLE 0 115,248 0 0
Sparebanken Vest N0k25 Grunnfo Common R8323C107 72 10,500 SH   OTR 1 0 0 10,500
Storebrand ASA Ser A Common R85746106 15,171 4,167,061 SH   SOLE 0 4,167,061 0 0
Storebrand ASA Ser A Common R85746106 2,134 586,200 SH   OTR 1 0 0 586,200
Tianyin Pharmaceutical Co Inc Common 88630M104 335 745,175 SH   SOLE 0 745,175 0 0
Total Fina SA ADR Common 89151E109 18,865 379,880 SH   SOLE 0 379,880 0 0
Total Fina SA ADR Common 89151E109 2,725 54,881 SH   OTR 1 0 0 54,881
Totens Sparebank Nok60 Common R92151100 1,106 101,291 SH   SOLE 0 101,291 0 0
Totens Sparebank Nok60 Common R92151100 100 9,121 SH   OTR 1 0 0 9,121
Yuhe Intl Inc Com Common 988432100 4 593,345 SH   SOLE 0 593,345 0 0