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 231 2,400 SH   SOLE 0 2,400 0 0
China Housing and Land Develop Common 16939V103 2,019 971,098 SH   SOLE 0 4,865,450 0 0
China Housing and Land Develop Common 16939V103 294 141,806 SH   OTR 1 0 0 717,518
China Pharma Hldgs Inc Com Common 16941T104 757 2,104,826 SH   SOLE 0 2,104,826 0 0
China Ritar Power Corp Common 169423100 3,123 8,220,201 SH   SOLE 0 8,220,201 0 0
China Ritar Power Corp Common 169423100 213 561,449 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 2,847 924,514 SH   SOLE 0 924,514 0 0
Conocophillips Nfs Llc Is Common 20825C104 6,673 108,667 SH   SOLE 0 113,868 0 0
Conocophillips Nfs Llc Is Common 20825C104 1,030 16,781 SH   OTR 1 0 0 18,380
DNB Nor Asa Ord Shs Common R1640U124 31,489 1,890,049 SH   SOLE 0 1,970,999 0 0
DNB Nor Asa Ord Shs Common R1640U124 4,183 251,100 SH   OTR 1 0 0 271,200
Exxon Mobil Corporation Common 30231G102 291 3,500 SH   SOLE 0 3,500 0 0
Full Apex Holdings Ltd Shs Common G3687W106 4,345 114,770,099 SH   SOLE 0 113,733,299 0 0
Full Apex Holdings Ltd Shs Common G3687W106 697 18,421,100 SH   OTR 1 0 0 19,056,100
Helgeland Sparebank Nok50 Grun Common R3099U100 4,794 637,941 SH   SOLE 0 661,641 0 0
Helgeland Sparebank Nok50 Grun Common R3099U100 666 88,700 SH   OTR 1 0 0 98,300
Jiangbo Pharmaceuticals Inc Common 47737R101 0 744,696 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 0 214,497 SH   SOLE 0 214,497 0 0
Sandnes Sparebank Primary Ca Common R74676108 329 26,817 SH   SOLE 0 26,817 0 0
Sandnes Sparebank Primary Ca Common R74676108 46 3,800 SH   OTR 1 0 0 3,800
Shengtai Pharmaceutical Inc Common 823214200 216 1,547,821 SH   SOLE 0 1,793,293 0 0
Sparebank 1 Nord-Norge Grunnfo Common R8288N106 8,924 1,696,424 SH   SOLE 0 1,755,550 0 0
Sparebank 1 Nord-Norge Grunnfo Common R8288N106 1,193 226,972 SH   OTR 1 0 0 249,765
Sparebank 1 SR-Bank ASA Common R8170W115 1,816 272,982 SH   SOLE 0 283,082 0 0
Sparebank 1 SR-Bank ASA Common R8170W115 288 43,350 SH   OTR 1 0 0 47,200
Sparebanken Midt Norge Common R83262114 2,789 334,320 SH   SOLE 0 348,120 0 0
Sparebanken Midt Norge Common R83262114 450 53,980 SH   OTR 1 0 0 58,760
Sparebanken Ost Nok10 Common R1984E108 1,191 171,679 SH   SOLE 0 171,679 0 0
Sparebanken Ost Nok10 Common R1984E108 9 1,400 SH   OTR 1 0 0 2,100
Sparebanken Vest N0k25 Grunnfo Common R8323C107 785 115,248 SH   SOLE 0 115,248 0 0
Sparebanken Vest N0k25 Grunnfo Common R8323C107 68 10,100 SH   OTR 1 0 0 10,500
Storebrand ASA Ser A Common R85746106 16,994 4,125,705 SH   SOLE 0 4,167,061 0 0
Storebrand ASA Ser A Common R85746106 2,191 532,100 SH   OTR 1 0 0 586,200
Tianyin Pharmaceutical Co Inc Common 88630M104 348 745,175 SH   SOLE 0 745,175 0 0
Total Fina SA ADR Common 89151E109 17,650 358,958 SH   SOLE 0 379,880 0 0
Total Fina SA ADR Common 89151E109 2,386 48,531 SH   OTR 1 0 0 54,881
Totens Sparebank Nok60 Common R92151100 1,094 98,799 SH   SOLE 0 101,291 0 0
Totens Sparebank Nok60 Common R92151100 86 7,790 SH   OTR 1 0 0 9,121
Yuhe Intl Inc Com Common 988432100 4 593,345 SH   SOLE 0 593,345 0 0