13F-HR 1 cnafmar07.txt FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31,2007 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: CNA Financial Corporation Address: 333 S. Wabash Chicago,IL 60604 13F File Number: 28-346 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct, and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Lynne Gugenheim Title: Senior Vice President and Deputy General Counsel Phone: (312) 822 4921 Signature, Place, and Date of Signing: May 15,2007 Chicago, Illinois,60685 I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Assets reported herein are described as having shared investment discretion among Loews Corporation, CNA Financial Corporation,The Continental Corporation, Continental Casualty Company and Continental Assurance Company. Each of the foregoing entities specifically disclaims ownership of any securities in this report which are not beneficially owned by that entity and states that such assets are solely under the control of its board of directors. The characterization of shared investment discretion with parent holding companies is made solely as a consequence of SEC interpretations regarding control of the subsidiary through share ownership. Loews Corporation owns approximately 90% of the outstanding shares of CNA Financial Corporation; CNA Financial Corporation owns 100% of the outstanding shares of Continental Casualty Company and The Continental Corporation; and Continental Casualty Company owns 100% of the outstanding shares of Continental Assurance Company. Loews Corporation will report separately on securities over which it has investment discretion which are not part of this report. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 4 Form 13F Information Table Entry Total: 633 Form 13F Information Table Value Total: 1,424,756 (in thousands) List of Other Included Managers: No. 13F File Number Name 1 28-172 The Continental Corporation 2 28-217 Loews Corporation 3 28-386 Continental Assurance Company 4 28-387 Continental Casualty Company
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None 3M CO COM 88579Y101 83 1,080 SH DEFINED 1,2 1,080 A D C TELECOMMUNICATIONS COM 000886309 3 167 SH DEFINED 1,2 167 ABBOTT LABORATORIES COM 002824100 122 2,190 SH DEFINED 1,2 2,190 ACE LTD ORD G0070K103 27 470 SH DEFINED 1,2 470 ADOBE SYSTEMS INC COM 00724F101 35 830 SH DEFINED 1,2 830 ADVANCED MICRO DEVICES INC COM 007903107 9 690 SH DEFINED 1,2 690 AES CORPORATION COM 00130H105 20 940 SH DEFINED 1,2 940 AETNA INC COM 00817Y108 4,633 105,790 SH DEFINED 1,2 105,790 AFFILIATED COMPUTER SVCS-A CL A 008190100 2,665 45,270 SH DEFINED 1,2 45,270 AFLAC INC COM 001055102 33 710 SH DEFINED 1,2 710 AFTERMARKET TECHNOLOGY CORP COM 008318107 1,531 63,075 SH DEFINED 2 63,075 AGILENT TECHNOLOGIES INC COM 00846U101 3,542 105,130 SH DEFINED 1,2 105,130 AIR PRODUCTS & CHEMICAL COM 009158106 24 320 SH DEFINED 1,2 320 ALBERTO CULVER CO COM 013078100 3 110 SH DEFINED 1,2 110 ALCAN ALUMINUM LTD NEW COM 013716105 5,742 110,000 SH DEFINED 2 110,000
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None ALCATEL-LUCENT SPONSORE013904305 3,365 284,678 SH DEFINED 1,2 284,678 ALCOA INC COM 013817101 4,202 123,940 SH DEFINED 1,2 123,940 ALCON INC COM SHS H01301102 185 1,400 SH DEFINED 2 1,400 ALLEGHENY ENERGY COM 017361106 12 240 SH DEFINED 1,2 240 ALLEGHENY TECHNOLOGIES INC COM 01741R102 16 150 SH DEFINED 1,2 150 ALLERGAN INC COM 018490102 24 220 SH DEFINED 1,2 220 ALLIANCE HOLDINGS GP LP COM 01861G100 4,793 204,063 SH DEFINED 2,4 204,063 ALLIED WASTE INDS INC COM 019589308 5 360 SH DEFINED 1,2 360 ALLSTATE CORPORATION COM 020002101 2,584 43,025 SH DEFINED 1,2 43,025 ALLTEL CORP COM 020039103 35 560 SH DEFINED 1,2 560 ALTERA CORP COM 021441100 10 510 SH DEFINED 1,2 510 ALTRIA GROUP INC COM 02209S103 1,581 18,000 SH DEFINED 1,2 18,000 AMAZON.COM INC COM 023135106 1,041 26,150 SH DEFINED 1,2 26,150 AMBAC FINL GROUP INC COM 023139108 13 150 SH DEFINED 1,2 150 AMDOCS LIMITED NOTE 02342TAD1 501 500,000 PRN DEFINED 2,3 11,596 AMEREN CORP COM 023608102 15 300 SH DEFINED 1,2 300
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None AMERICAN ELECT PWR INC COM 025537101 4,614 94,640 SH DEFINED 1,2 94,640 AMERICAN EQUITY INVT LIFE HLCOM 025676206 891 67,875 SH DEFINED 2 67,875 AMERICAN EXPRESS COM 025816109 944 16,740 SH DEFINED 1,2 16,740 AMERICAN HOME MORTGAGE INVESCOM 02660R107 698 25,875 SH DEFINED 2 25,875 AMERICAN INTL GROUP INC COM 026874107 11,605 172,642 SH DEFINED 1,2 172,642 AMERICAN NATIONAL INSURANCE COM 028591105 691 5,400 SH DEFINED 2 5,400 AMERICAN STD COS INC COM 029712106 13 250 SH DEFINED 1,2 250 AMERIPRISE FINL INC COM 03076C106 20 350 SH DEFINED 1,2 350 AMERISOURCE HEALTH CORP COM 03073E105 1,798 34,090 SH DEFINED 1,2 34,090 AMGEN INC COM 031162100 1,076 19,260 SH DEFINED 1,2 19,260 ANADARKO PETROLEUM CORP COM 032511107 12,922 300,660 SH DEFINED 1,2 300,660 ANALOG DEVICES INC COM 032654105 17 500 SH DEFINED 1,2 500 ANHEUSER BUSCH CO COM 035229103 1,456 28,850 SH DEFINED 1,2 28,850 ANSYS INC COM 03662Q105 122 2,412 SH DEFINED 2,4 2,412 AON CORP COM 037389103 1,535 40,425 SH DEFINED 1,2 40,425 APACHE CORP COM 037411105 33 470 SH DEFINED 1,2 470
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None APARTMENT INVT & MGMT CO CL A 03748R101 8 140 SH DEFINED 1,2 140 APOLLO GROUP INC CL A 037604105 9 200 SH DEFINED 1,2 200 APPLE INC COM 037833100 113 1,220 SH DEFINED 1,2 1,220 APPLERA CORP GRP 038020103 8 260 SH DEFINED 1,2 260 APPLIED MATLS INC COM 038222105 36 1,990 SH DEFINED 1,2 1,990 AQUILA INC COM 03840P102 2,822 675,116 SH DEFINED 2 675,116 ARCHER DANIELS MIDLAND CO COM 039483102 34 940 SH DEFINED 1,2 940 ARCHSTONE SMITH TR COM 039583109 17 310 SH DEFINED 1,2 310 ARIZONA STAR RESOURCE CORP COM 04059G106 53,785 4,550,100 SH DEFINED 2,4 4,550,100 ARVINMERITOR INC COM 043353101 809 44,350 SH DEFINED 2 44,350 ASHLAND INC COM 044209104 6 90 SH DEFINED 1,2 90 AT&T INC COM 00206R102 355 9,015 SH DEFINED 1,2 9,015 ATLAS PIPELINE HOLDINGS LP COM 04939R108 3,181 130,000 SH DEFINED 2,4 130,000 ATLAS PIPELINE PARTNERS-UTS.INT 049392103 2,875 60,050 SH DEFINED 2,4 60,050 ATWOOD OCEANICS INC COM 050095108 1,174 20,000 SH DEFINED 2 20,000 AUTODESK INC COM 052769106 637 16,930 SH DEFINED 1,2 16,930
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None AUTOMATIC DATA PROCESSING INCOM 053015103 39 800 SH DEFINED 1,2 800 AUTONATION INC COM 05329W102 4 210 SH DEFINED 1,2 210 AUTOZONE INC. COM 053332102 1,692 13,205 SH DEFINED 1,2 13,205 AVAYA INC COM 053499109 8 650 SH DEFINED 1,2 650 AVERY DENNISON CORP COM 053611109 9 140 SH DEFINED 1,2 140 AVON PRODS INC COM 054303102 24 640 SH DEFINED 1,2 640 AXIS CAPITAL HOLDINGS LTD SHS G0692U109 1,608 47,500 SH DEFINED 2 47,500 BAKER HUGHES INC COM 057224107 31 470 SH DEFINED 1,2 470 BALL CORP COM 058498106 7 150 SH DEFINED 1,2 150 BANK OF AMERICA CORP COM 060505104 7,474 146,491 SH DEFINED 1,2 146,491 BANK OF NEW YORK COM 064057102 7,509 185,170 SH DEFINED 1,2 185,170 BARD C R INC COM 067383109 12 150 SH DEFINED 1,2 150 BARR PHARMACEUTICALS INC COM 068306109 7 150 SH DEFINED 1,2 150 BARRICK GOLD CORP COM 067901108 936 32,801 SH DEFINED 2 32,801 BAUSCH & LOMB INC COM 071707103 4 80 SH DEFINED 1,2 80 BAUSCH & LOMB INC FRNT 071707AM5 899 800,000 PRN DEFINED 2,3 13,021
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None BAXTER INTL COM 071813109 50 940 SH DEFINED 1,2 940 BB&T CORP COM 054937107 32 770 SH DEFINED 1,2 770 BEAR STEARNS COS INC COM 073902108 27 180 SH DEFINED 1,2 180 BEARINGPOINT INC COM 074002106 455 59,450 SH DEFINED 2 59,450 BECTON DICKINSON & CO COM 075887109 27 350 SH DEFINED 1,2 350 BED BATH & BEYOND INC COM 075896100 16 400 SH DEFINED 1,2 400 BEMIS INC COM 081437105 5 150 SH DEFINED 1,2 150 BEST BUY INC COM 086516101 28 580 SH DEFINED 1,2 580 BIG LOTS INC COM 089302103 5 150 SH DEFINED 1,2 150 BIOGEN IDEC INC COM 09062X103 22 490 SH DEFINED 1,2 490 BIOMARIN PHARMACEUTICAL NOTE 09061GAC5 1,015 800,000 PRN DEFINED 2,3 48,265 BIOMET INC COM 090613100 15 350 SH DEFINED 1,2 350 BJ SVCS CO COM 055482103 12 430 SH DEFINED 1,2 430 BLACK & DECKER MFG CO COM 091797100 903 11,060 SH DEFINED 1,2 11,060 BLOCK H & R INC COM 093671105 10 460 SH DEFINED 1,2 460
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None BLOUNT INTERNATIONAL INC COM 095180105 167 13,425 SH DEFINED 2 13,425 BMC SOFTWARE INC COM 055921100 9 290 SH DEFINED 1,2 290 BOEING COMPANY COM 097023105 1,062 11,940 SH DEFINED 1,2 11,940 BOSTON PROPERTIES INC COM 101121101 20 170 SH DEFINED 1,2 170 BOSTON SCIENTIFIC CORP COM 101137107 720 49,514 SH DEFINED 1,2 49,514 BOWNE & CO INC COM 103043105 927 58,950 SH DEFINED 2 58,950 BRISTOL-MYERS SQUIBB CO COM 110122108 2,421 87,220 SH DEFINED 1,2 87,220 BROADCOM CORP CL A 111320107 21 670 SH DEFINED 1,2 670 BROOKFIELD HOMES CORP COM 112723101 803 25,000 SH DEFINED 2 25,000 BROWN FORMAN CORP CL B 115637209 7 110 SH DEFINED 1,2 110 BRUNSWICK CORP COM 117043109 4 130 SH DEFINED 1,2 130 BUCKEYE GP HOLDINGS LP COM 118167105 5,928 285,000 SH DEFINED 2,4 285,000 BURLINGTON NORTHERN SANTA FECOM 12189T104 42 520 SH DEFINED 1,2 520 C H ROBINSON WORLDWIDE INC CCOM 12541W209 441 9,180 SH DEFINED 1,2 9,180 CABOT MICROELECTRONICS CORP COM 12709P103 659 19,675 SH DEFINED 2 19,675
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None CALUMET SPECIALTY PRODUCTS LTD PART131476103 5,006 103,973 SH DEFINED 2,4 103,973 CAMPBELL SOUP CO COM 134429109 13 330 SH DEFINED 1,2 330 CANADIAN NATURAL RESOURCES COM 136385101 1,931 34,980 SH DEFINED 2 34,980 CAPITAL ONE FINANCIAL CORP COM 14040H105 34 451 SH DEFINED 1,2 451 CARDINAL HEALTH INC COM 14149Y108 42 580 SH DEFINED 1,2 580 CARNIVAL CORP DBCV 143658AV4 2,507 3,600,000 PRN DEFINED 2,3 43,848 CARNIVAL CORP PAIRED C143658300 30 640 SH DEFINED 1,2 640 CATERPILLAR INC COM 149123101 1,367 20,390 SH DEFINED 1,2 20,390 CBS CORP-CLASS B CL B 124857202 1,564 51,120 SH DEFINED 1,2 51,120 CENTERPOINT ENERGY INC COM 15189T107 8 440 SH DEFINED 1,2 440 CENTEX CORP COM 152312104 7 170 SH DEFINED 1,2 170 CENTURYTEL INC DBCV 156700AH9 4,163 3,600,000 PRN DEFINED 2,3 88,988 CENTURYTEL INC COM 156700106 8 170 SH DEFINED 1,2 170 CERNER CORP COM 156782104 370 6,800 SH DEFINED 1,2 6,800 CHEMICAL FINANCIAL CORP COM 163731102 377 12,650 SH DEFINED 2 12,650 CHESAPEAKE ENERGY CORP COM 165167107 17 540 SH DEFINED 1,2 540
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None CHEVRON CORP COM 166764100 233 3,150 SH DEFINED 1,2 3,150 CHICAGO MERCANTILE HLDGS INCCL A 167760107 32 60 SH DEFINED 1,2 60 CHUBB CORP COM 171232101 30 590 SH DEFINED 1,2 590 CIBER INC COM 17163B102 1,484 188,575 SH DEFINED 2 188,575 CIENA CORP COM 171779309 3 120 SH DEFINED 1,2 120 CIGNA CORP COM 125509109 23 160 SH DEFINED 1,2 160 CINCINNATI FINANCIAL CORP COM 172062101 11 250 SH DEFINED 1,2 250 CINTAS CORP COM 172908105 7 200 SH DEFINED 1,2 200 CIRCUIT CITY STORE INC COM 172737108 4 200 SH DEFINED 1,2 200 CISCO SYSTEMS INC COM 17275R102 1,245 48,750 SH DEFINED 1,2 48,750 CIT GROUP INC COM 125581108 4,021 75,990 SH DEFINED 1,2 75,990 CITIGROUP INC COM 172967101 8,795 171,305 SH DEFINED 1,2 171,305 CITIZENS COMMUNICATIONS CO COM 17453B101 7 460 SH DEFINED 1,2 460 CITRIX SYS INC COM 177376100 8 260 SH DEFINED 1,2 260 CLEAR CHANNEL COMMUNICATIONSCOM 184502102 25 710 SH DEFINED 1,2 710
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None CLOROX CO COM 189054109 14 220 SH DEFINED 1,2 220 CMS ENERGY CORP COM 125896100 6 310 SH DEFINED 1,2 310 CNA SURETY CORPORATION COM 12612L108 578,671 27,425,147 SH DEFINED 1,2,4 27,425,147 COACH INC COM 189754104 1,528 30,520 SH DEFINED 1,2 30,520 COCA COLA CO COM 191216100 539 11,220 SH DEFINED 1,2 11,220 COCA COLA ENTERPRISES INC COM 191219104 8 390 SH DEFINED 1,2 390 COLGATE PALMOLIVE CO COM 194162103 49 740 SH DEFINED 1,2 740 COMCAST CORP-CL A CLA 20030N101 1,037 39,960 SH DEFINED 1,2 39,960 COMERICA COM 200340107 1,500 25,380 SH DEFINED 1,2 25,380 COMMERCE BANCORP INC/NJ COM 200519106 649 19,450 SH DEFINED 1,2 19,450 COMPASS BANCSHARES INC COM 20449H109 13 190 SH DEFINED 1,2 190 COMPUTER ASSOCIATES INTL INCCOM 12673P105 2,448 94,492 SH DEFINED 1,2 94,492 COMPUTER SCIENCES CORP COM 205363104 743 14,250 SH DEFINED 1,2 14,250 COMPUWARE CORP COM 205638109 5 530 SH DEFINED 1,2 530 COMVERSE TECHNOLOGY INC COM 205862402 6 290 SH DEFINED 1,2 290 CONAGRA FOODS INC COM 205887102 18 730 SH DEFINED 1,2 730 CONMED CORP COM 207410101 696 23,825 SH DEFINED 2 23,825
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None CONSOL ENERGY INC COM 20854P109 10 260 SH DEFINED 1,2 260 CONSOLIDATED EDISON INC COM 209115104 18 350 SH DEFINED 1,2 350 CONSTELLATION BRANDS INC CL A 21036P108 6 300 SH DEFINED 1,2 300 CONSTELLATION ENERGY GROUP COM 210371100 23 260 SH DEFINED 1,2 260 CONVERGYS CORP COM 212485106 5 190 SH DEFINED 1,2 190 CON-WAY INC COM 205944101 67 1,350 SH DEFINED 2 1,350 COOPER INDS LTD CL A G24182100 12 260 SH DEFINED 1,2 260 COPANO ENERGY LLC COM 217202100 7,260 106,019 SH DEFINED 2,4 106,019 CORNING INC. COM 219350105 847 37,230 SH DEFINED 1,2 37,230 COSTCO WHSL CORP COM 22160K105 36 670 SH DEFINED 1,2 670 COUNTRYWIDE CREDIT IND INC COM 222372104 692 20,578 SH DEFINED 1,2 20,578 COUNTRYWIDE CREDIT IND INC COM 222862104 13 230 SH DEFINED 1,2 230 CSX CORP. COM 126408103 1,467 36,630 SH DEFINED 1,2 36,630 CUMMINS INC COM 231021106 12 80 SH DEFINED 1,2 80 CVS CORP COM 126650100 929 27,199 SH DEFINED 1,2 27,199
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None CYMER INC NOTE 232572AE7 2,472 2,400,000 PRN DEFINED 2,3 48,000 D R HORTON INC COM 23331A109 9 390 SH DEFINED 1,2 390 DANAHER CORP COM 235851102 24 340 SH DEFINED 1,2 340 DARDEN RESTAURANTS INC COM 237194105 9 210 SH DEFINED 1,2 210 DCP MIDSTREAM PARTNERS LP LTD PART23311P100 3,554 90,900 SH DEFINED 2,4 90,900 DEAN FOODS CO COM 242370104 9 190 SH DEFINED 1,2 190 DEERE & CO COM 244199105 36 330 SH DEFINED 1,2 330 DEL MONTE FOODS CO COM 24522P103 756 65,825 SH DEFINED 2 65,825 DELL INC COM 24702R101 326 14,050 SH DEFINED 1,2 14,050 DELPHI FINANCIAL GROUP CLA 247131105 782 19,438 SH DEFINED 2 19,438 DEVON ENERGY CORP COM 25179M103 44 630 SH DEFINED 1,2 630 DIAGEO PLC ADR 25243Q205 2,327 28,740 SH DEFINED 2 28,740 DIAMONDS TRUST SERIES I UNIT SER252787106 61,795 500,000 SH DEFINED 2 500,000 DILLARDS INC CL A 254067101 3 80 SH DEFINED 1,2 80 DISNEY (WALT) CO NOTE 254687AU0 2,418 2,000,000 PRN DEFINED 2,3 67,889
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None DISNEY WALT CO COM 254687106 103 3,000 SH DEFINED 1,2 3,000 DOLLAR GEN CORP COM 256669102 9 440 SH DEFINED 1,2 440 DOMINION RESOURCES INC COM 25746U109 45 510 SH DEFINED 1,2 510 DOMTAR CORP COM 257559104 354 38,068 SH DEFINED 2 38,068 DONNELLEY RR & SONS CO COM 257867101 11 310 SH DEFINED 1,2 310 DOVER CORP COM 260003108 14 290 SH DEFINED 1,2 290 DOW CHEMICAL CORP COM 260543103 63 1,380 SH DEFINED 1,2 1,380 DOW JONES & CO INC COM 260561105 3 90 SH DEFINED 1,2 90 DPL INC COM 233293109 2,313 74,400 SH DEFINED 2 74,400 DRESSER-RAND GROUP INC COM 261608103 929 30,483 SH DEFINED 2 30,483 DTE ENERGY COMPANY COM 233331107 12 260 SH DEFINED 1,2 260 DU PONT DE NEMOURS E.I COM 263534109 65 1,320 SH DEFINED 1,2 1,320 DUKE ENERGY CORP COM 26441C105 851 41,936 SH DEFINED 1,2 41,936 E M C CORP MASS COM 268648102 46 3,290 SH DEFINED 1,2 3,290 E TRADE FINANCIAL CORP COM 269246104 13 610 SH DEFINED 1,2 610 EASTMAN CHEM CO COM 277432100 8 120 SH DEFINED 1,2 120 EASTMAN KODAK CO COM 277461109 9 410 SH DEFINED 1,2 410 EATON CORP COM 278058102 18 220 SH DEFINED 1,2 220
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None EBAY INC COM 278642103 775 23,380 SH DEFINED 1,2 23,380 ECOLAB INC COM 278865100 11 260 SH DEFINED 1,2 260 EDISON INTL COM 281020107 23 470 SH DEFINED 1,2 470 EL PASO CORP COM 28336L109 14 990 SH DEFINED 1,2 990 ELECTRONIC _DATA SYSTEMS_CORCOM 285661104 20 740 SH DEFINED 1,2 740 ELECTRONIC ARTS INC COM 285512109 22 440 SH DEFINED 1,2 440 EMBARQ CORP COM 29078E105 12 216 SH DEFINED 1,2 216 EMERSON ELEC CO COM 291011104 51 1,180 SH DEFINED 1,2 1,180 EMPLOYERS HOLDINGS INC COM 292218104 258 12,875 SH DEFINED 2 12,875 ENCANA CORP COM 292505104 5,063 100,000 SH DEFINED 2 100,000 ENERGY TRANSFER EQUITY LP LTD PART29273V100 6,048 164,800 SH DEFINED 2,4 164,800 ENSCO INTERNATIONAL INC COM 26874Q100 734 13,500 SH DEFINED 2 13,500 ENTERGY CORP COM 29364G103 31 300 SH DEFINED 1,2 300 ENTERPRISE PRODUCTS PARTNERSCOM 293792107 4,271 134,300 SH DEFINED 2,4 134,300 EOG RES INC COM 26875P101 25 350 SH DEFINED 1,2 350 EQUIFAX INC COM 294429105 7 180 SH DEFINED 1,2 180
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None EQUITY RESIDENTIAL INT 29476L107 20 420 SH DEFINED 1,2 420 EXELON CORP COM 30161N101 2,230 32,460 SH DEFINED 1,2 32,460 EXPEDITORS INTL WASH INC COM 302130109 380 9,200 SH DEFINED 1,2 9,200 EXPRESS SCRIPTS INC COM 302182100 16 200 SH DEFINED 1,2 200 EXPRESSJET HOLDINGS NOTE 30218UAB4 1,438 1,500,000 PRN DEFINED 2,3 82,418 EXXON MOBIL CORP COM 30231G102 1,851 24,530 SH DEFINED 1,2 24,530 FAIR ISAAC CORP NOTE 303250AD6 1,034 1,000,000 PRN DEFINED 2,3 22,752 FAMILY DLR STORES INC COM 307000109 7 220 SH DEFINED 1,2 220 FEDERAL HM LOAN MORTGAGE CORCOM 313400301 3,509 58,990 SH DEFINED 1,2 58,990 FEDERAL NATL MTGE ASSN. COM 313586109 3,785 69,340 SH DEFINED 1,2 69,340 FEDERATED DEPT STORES INC COM 31410H101 35 778 SH DEFINED 1,2 778 FEDERATED INVS INC CL B 314211103 5 130 SH DEFINED 1,2 130 FEDEX CORP COM 31428X106 47 440 SH DEFINED 1,2 440 FEI COMPANY NOTE 30241LAD1 1,768 1,300,000 PRN DEFINED 2,3 47,914 FIFTH THIRD BANCORP COM 316773100 31 800 SH DEFINED 1,2 800
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None FIRST AMERICAN CORPORATION COM 318522307 2,691 53,050 SH DEFINED 2 53,050 FIRST DATA CORP COM 319963104 29 1,089 SH DEFINED 1,2 1,089 FIRST HORIZON NATIONAL CORP COM 320517105 7 180 SH DEFINED 1,2 180 FIRSTENERGY CORP COM 337932107 31 470 SH DEFINED 1,2 470 FISERV INC COM 337738108 13 250 SH DEFINED 1,2 250 FLEXTRONICS INTL LTD NOTE 33938EAL1 2,400 2,500,000 PRN DEFINED 2,3 161,031 FLUOR CORP (NEW) COM 343412102 640 7,130 SH DEFINED 1,2 7,130 FMC CORP (NEW) COM 302491303 622 8,250 SH DEFINED 2 8,250 FORD MOTOR COMPANY COM 345370860 178 22,600 SH DEFINED 1,2 22,600 FOREST LABS INC COM 345838106 24 460 SH DEFINED 1,2 460 FORTUNE BRANDS INC COM 349631101 17 220 SH DEFINED 1,2 220 FPL GROUP INC COM 302571104 35 580 SH DEFINED 1,2 580 FRANKLIN RES INC COM 354613101 29 240 SH DEFINED 1,2 240 FREEPORT MCMORAN COPPER&GOLDCL B 35671D857 32 481 SH DEFINED 1,2 481 GANNETT INC COM 364730101 19 340 SH DEFINED 1,2 340 GAP INC COM 364760108 13 770 SH DEFINED 1,2 770
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None GENENTECH INC COM 368710406 843 10,260 SH DEFINED 1,2 10,260 GENERAL DYNAMICS CORP COM 369550108 44 580 SH DEFINED 1,2 580 GENERAL ELECTRIC CO COM 369604103 5,429 153,521 SH DEFINED 1,2 153,521 GENERAL MLS INC COM 370334104 30 510 SH DEFINED 1,2 510 GENERAL MOTORS CORP COM 370442105 25 800 SH DEFINED 1,2 800 GENESIS ENERGY L.P. COM 371927104 5,124 240,120 SH DEFINED 2,4 240,120 GENUINE PARTS CO COM 372460105 12 250 SH DEFINED 1,2 250 GENWORTH FINANCIAL INC CL A 37247D106 23 650 SH DEFINED 1,2 650 GENZYME CORP COM 372917104 491 8,180 SH DEFINED 1,2 8,180 GILEAD SCIENCES INC COM 375558103 242 3,160 SH DEFINED 1,2 3,160 GLOBAL IMAGING SYSTEMS INC COM 37934A100 1,668 85,550 SH DEFINED 2 85,550 GLOBAL PARTNERS LP COM 37946R109 4,024 112,220 SH DEFINED 2,4 112,220 GOLDMAN SACHS GROUP INC COM 38141G104 128 620 SH DEFINED 1,2 620 GOODRICH CORP COM 382388106 9 180 SH DEFINED 1,2 180 GOODYEAR TIRE & RUBR CO COM 382550101 8 250 SH DEFINED 1,2 250 GOOGLE INC-CL A CL A 38259P508 3,530 7,705 SH DEFINED 1,2 7,705
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None GRAINGER W W INC COM 384802104 8 110 SH DEFINED 1,2 110 GRIFFON CORPORATION COM 398433102 472 19,075 SH DEFINED 2 19,075 HALLIBURTON COMPANY COM 406216101 999 31,480 SH DEFINED 1,2 31,480 HANGER ORTHOPEDIC GROUP INC COM 41043F208 643 55,075 SH DEFINED 2 55,075 HARLEY DAVIDSON INC COM 412822108 22 380 SH DEFINED 1,2 380 HARMAN INTL INDS INC COM 413086109 10 100 SH DEFINED 1,2 100 HARRAHS ENTMT INC COM 413619107 23 270 SH DEFINED 1,2 270 HARTFORD FINANCIAL SVCS GRP COM 416515104 7,211 75,440 SH DEFINED 1,2 75,440 HASBRO INC COM 418056107 7 230 SH DEFINED 1,2 230 HEALTH MGMT ASSOC INC CL A 421933102 4 340 SH DEFINED 1,2 340 HEINZ H J CO COM 423074103 23 480 SH DEFINED 1,2 480 HERCULES INC COM 427056106 3 160 SH DEFINED 1,2 160 HERSHEY CO COM 427866108 14 250 SH DEFINED 1,2 250 HESS CORP LTD PART42809H107 19 350 SH DEFINED 1,2 350 HEWLETT-PACKARD CO. COM 428236103 1,362 33,930 SH DEFINED 1,2 33,930
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None HILAND HOLDINGS GP LP INT 43129M107 5,460 177,000 SH DEFINED 2,4 177,000 HILAND PARTNERS LP LTD PART431291103 5,521 95,600 SH DEFINED 2,4 95,600 HILTON HOTELS CORP COM 432848109 20 550 SH DEFINED 1,2 550 HOME DEPOT COM 437076102 1,842 50,135 SH DEFINED 1,2 50,135 HONEYWELL INTL INC COM 438516106 54 1,170 SH DEFINED 1,2 1,170 HORACE MANN EDUCATORS COM 440327104 1,046 50,900 SH DEFINED 2 50,900 HORMEL FOODS CORP COM 440452100 190 5,100 SH DEFINED 2 5,100 HOSPIRA INC COM 441060100 9 220 SH DEFINED 1,2 220 HUB INTERNATIONAL LIMITED COM 44332P101 1,017 24,400 SH DEFINED 2 24,400 HUMANA INC COM 444859102 14 240 SH DEFINED 1,2 240 HUNTINGTON BANCSHARES INC COM 446150104 7 340 SH DEFINED 1,2 340 IDACORP INC COM 451107106 774 22,875 SH DEFINED 2 22,875 IDEARC INC COM 451663108 7 208 SH DEFINED 1,2 208 IKON MBIA INC. COM 55262C100 4,269 65,190 SH DEFINED 1,2 65,190 ILLINOIS TOOL WKS INC COM 452308109 31 600 SH DEFINED 1,2 600
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None IMS HEALTH INC COM 449934108 1,981 66,790 SH DEFINED 1,2 66,790 INERGY HOLDINGS LP COM 45661Q107 2,561 56,266 SH DEFINED 2,4 56,266 INERGY LP LTD PTNR456615103 7,039 215,400 SH DEFINED 2,4 215,400 INFORMATICA CORP NOTE 45666QAB8 1,333 1,300,000 PRN DEFINED 2,3 65,000 INGERSOLL RAND CO CL A G4776G101 2,622 60,460 SH DEFINED 1,2 60,460 INTEGRYS ENERGY GROUP INC COM 45822P105 3 49 SH DEFINED 1,2 49 INTEL CORP COM 458140100 1,115 58,270 SH DEFINED 1,2 58,270 INTERNATIONAL BUSINESS MACHICOM 459200101 11,501 122,010 SH DEFINED 1,2 122,010 INTERNATIONAL FLAVORS&FRAGRACOM 459506101 5 110 SH DEFINED 1,2 110 INTERNATIONAL GAME TECHNOLOGCOM 459902102 20 490 SH DEFINED 1,2 490 INTERPUBLIC GROUP COS COM 460690100 8 624 SH DEFINED 1,2 624 INTL PAPER CO COM 460146103 24 650 SH DEFINED 1,2 650 INTUIT COM 461202103 13 490 SH DEFINED 1,2 490 IPC HOLDINGS LTD ORD G4933P101 2,037 70,600 SH DEFINED 2 70,600
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None ISHARES MSCI JAPAN INDEX FD MSCI JAP464286848 36,425 2,500,000 SH DEFINED 2 2,500,000 ITT CORP COM 450911102 16 270 SH DEFINED 1,2 270 JABIL CIRCUIT INC COM 466313103 6 260 SH DEFINED 1,2 260 JANUS CAP GROUP INC COM 47102X105 6 290 SH DEFINED 1,2 290 JDS UNIPHASE CORP COM 46612J507 5 301 SH DEFINED 1,2 301 JETBLUE AIRWAYS CORP NOTE 477143AB7 723 750,000 PRN DEFINED 2,3 26,471 JOHNSON & JOHNSON COM 478160104 4,564 75,735 SH DEFINED 1,2 75,735 JOHNSON CONTROL INC COM 478366107 1,921 20,305 SH DEFINED 1,2 20,305 JONES APPAREL GROUP INC COM 480074103 5 160 SH DEFINED 1,2 160 JPMORGAN CHASE & COMPANY COM 46625H100 2,159 44,630 SH DEFINED 1,2 44,630 JUNIPER NETWORKS INC COM 48203R104 16 810 SH DEFINED 1,2 810 KB HOME COM 48666K109 5 110 SH DEFINED 1,2 110 KELLOGG CO COM 487836108 19 360 SH DEFINED 1,2 360 KELLY SERVICES INC CL A 488152208 1,404 43,596 SH DEFINED 2 43,596
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None KENNAMETAL INC COM 489170100 830 12,275 SH DEFINED 2 12,275 KEYCORP COM 493267108 22 580 SH DEFINED 1,2 580 KEYSPAN CORP COM 49337W100 10 250 SH DEFINED 1,2 250 KIMBERLY CLARK CORP COM 494368103 45 660 SH DEFINED 1,2 660 KIMCO REALTY CORP COM 49446R109 15 310 SH DEFINED 1,2 310 KINDER MORGAN INC COM 49455P101 17 160 SH DEFINED 1,2 160 KING PHARMACEUTICALS INC COM 495582108 7 340 SH DEFINED 1,2 340 KLA-TENCOR CORP COM 482480100 15 290 SH DEFINED 1,2 290 KOHLS CORP COM 500255104 36 470 SH DEFINED 1,2 470 KROGER CO COM 501044101 29 1,030 SH DEFINED 1,2 1,030 L-3 COMMUNICATIONS CORP COM 502424104 890 10,180 SH DEFINED 1,2 10,180 LABORATORY CORP AMER HLDGS COM 50540R409 13 180 SH DEFINED 1,2 180 LAUDER ESTEE COS INC CL A 518439104 9 190 SH DEFINED 1,2 190 LEAR SEATING CORP COM 521865105 4,317 118,250 SH DEFINED 2 118,250 LEGG MASON INC COM 524901105 18 190 SH DEFINED 1,2 190
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None LEGGETT & PLATT INC COM 524660107 6 260 SH DEFINED 1,2 260 LEHMAN_BROTHERS_HOLDING INC COM 524908100 1,946 27,770 SH DEFINED 1,2 27,770 LENNAR CORP CL A 526057104 8 200 SH DEFINED 1,2 200 LEVEL 3 COMMUNICATIONS NOTE 52729NAS9 1,104 1,150,000 PRN DEFINED 2,3 8,528 LEVEL 3 COMMUNICATIONS NOTE 52729NBA7 782 700,000 PRN DEFINED 2,3 97,493 LEVEL 3 COMMUNICATIONS NOTE 52729NBK5 3,524 2,700,000 PRN DEFINED 2,3 494,506 LEXMARK INTL CL A 529771107 9 150 SH DEFINED 1,2 150 LIBERTY MEDIA DEB 530718AF2 3,280 2,800,000 PRN DEFINED 2,3 160,742 LILLY ELI & CO COM 532457108 76 1,410 SH DEFINED 1,2 1,410 LIMITED BRANDS INC COM 532716107 13 480 SH DEFINED 1,2 480 LINCOLN NATIONAL CORP INDIANCOM 534187109 6,807 100,419 SH DEFINED 1,2 100,419 LINEAR TECHNOLOGY CORP COM 535678106 14 430 SH DEFINED 1,2 430 LIZ CLAIBORNE INC COM 539320101 6 150 SH DEFINED 1,2 150 LOCKHEED MARTIN CORP COM 539830109 49 510 SH DEFINED 1,2 510 LOUISIANA PAC CORP COM 546347105 3 150 SH DEFINED 1,2 150 LOWE'S COS INC COM 548661107 69 2,190 SH DEFINED 1,2 2,190 LSI LOGIC CORP COM 502161102 6 570 SH DEFINED 1,2 570
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None M & T BANK CORP COM 55261F104 13 110 SH DEFINED 1,2 110 MACQUARIE INFRASTRUCTURE CO INT 55607X108 3,812 97,000 SH DEFINED 2,4 97,000 MAGELLAN MIDSTREAM HOLDINGS COM 55907R108 7,107 269,400 SH DEFINED 2,4 269,400 MAGNA INTERNATIONAL INC CL A 559222401 1,694 22,550 SH DEFINED 2 22,550 MANOR CARE INC COM 564055101 6 110 SH DEFINED 1,2 110 MARATHON OIL CORP COM 565849106 51 513 SH DEFINED 1,2 513 MARKWEST ENERGY PARTNERS LP LTD PART570759100 6,248 176,000 SH DEFINED 2,4 176,000 MARKWEST HYDROCARBON INC COM 570762104 6,219 100,300 SH DEFINED 2,4 100,300 MARRIOTT INTERNATIONAL CLA 571903202 2,031 41,490 SH DEFINED 1,2 41,490 MARSH & MCLENNAN COS INC COM 571748102 23 790 SH DEFINED 1,2 790 MARSHALL & ILSLEY CORP COM 571834100 17 370 SH DEFINED 1,2 370 MARTIN MIDSTREAM PARTNERS LPINT 573331105 4,245 108,723 SH DEFINED 2,4 108,723 MASCO CORP COM 574599106 16 570 SH DEFINED 1,2 570 MASTERCARD INC-CLASS A COM 57636Q104 2,146 20,200 SH DEFINED 2 20,200 MATTEL INC COM 577081102 15 540 SH DEFINED 1,2 540 MAXIM INTEGRATED PRODUCTS COM 57772K101 14 460 SH DEFINED 1,2 460 MCCORMICK & CO INC COM 579780206 7 190 SH DEFINED 1,2 190
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None MCDONALD'S CORP COM 580135101 1,420 31,517 SH DEFINED 1,2 31,517 MCGRAW HILL COS INC COM 580645109 32 510 SH DEFINED 1,2 510 MCKESSON CORP COM 58155Q103 25 430 SH DEFINED 1,2 430 MEADWESTVACO CORP COM 583334107 8 260 SH DEFINED 1,2 260 MEDCO HEALTH SOLUTIONS INC COM 58405U102 31 421 SH DEFINED 1,2 421 MEDIACOM COMMUNICATIONS CORPCL A 58446K105 2,035 250,000 SH DEFINED 2 250,000 MEDIMMUNE INC COM 584699102 12 340 SH DEFINED 1,2 340 MEDTRONIC INC COM 585055106 228 4,650 SH DEFINED 1,2 4,650 MEDTRONIC INC NOTE 585055AM8 1,023 1,000,000 PRN DEFINED 2,3 17,811 MELLON BANK CORP COM 58551A108 6,968 161,530 SH DEFINED 1,2 161,530 MERCK & CO INC COM 589331107 138 3,120 SH DEFINED 1,2 3,120 MEREDITH CORP COM 589433101 3 60 SH DEFINED 1,2 60 MERRILL LYNCH & CO INC COM 590188108 104 1,270 SH DEFINED 1,2 1,270 METLIFE INC COM 59156R108 2,410 38,165 SH DEFINED 1,2 38,165 MGIC INVT CORP WIS COM 552848103 7 120 SH DEFINED 1,2 120 MI DEVELOPMENTS INC CL A 55304X104 1,182 31,625 SH DEFINED 2 31,625
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None MICRON TECHNOLOGY INC COM 595112103 13 1,040 SH DEFINED 1,2 1,040 MICROSOFT CORP COM 594918104 6,004 215,435 SH DEFINED 1,2 215,435 MILACRON INC COM 598709103 60 91,150 SH DEFINED 2 91,150 MILLIPORE CORP COM 601073109 6 80 SH DEFINED 1,2 80 MOLEX INC COM 608554101 6 200 SH DEFINED 1,2 200 MOLSON COORS BREWING CO CL B 60871R209 7 70 SH DEFINED 1,2 70 MONSANTO CO COM 61166W101 43 782 SH DEFINED 1,2 782 MONSTER WORLDWIDE INC COM 611742107 9 180 SH DEFINED 1,2 180 MOODYS CORP COM 615369105 21 340 SH DEFINED 1,2 340 MORGAN ST DEAN WITTER DISCOVCOM 617446448 2,547 32,340 SH DEFINED 1,2 32,340 MOTOROLA INC COM 620076109 822 46,510 SH DEFINED 1,2 46,510 MURPHY OIL CORP COM 626717102 14 270 SH DEFINED 1,2 270 MYLAN LABS INC COM 628530107 6 300 SH DEFINED 1,2 300 NABORS INDUSTRIES INC SHS G6359F103 13 450 SH DEFINED 1,2 450 NATIONAL CITY CORP COM 635405103 32 870 SH DEFINED 1,2 870 NATIONAL OILWELL VARCO INC COM 637071101 19 250 SH DEFINED 1,2 250
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None NATIONAL SEMICONDUCTOR CORP COM 637640103 10 420 SH DEFINED 1,2 420 NATURAL RESOURCE PARTNERS LPCOM 63900P103 4,368 65,000 SH DEFINED 2,4 65,000 NATURAL RESOURCE PARTNERS LPLTD PART63900P509 997 14,849 SH DEFINED 2,4 14,849 NAVISTAR INTL CORP COM 63934E108 4 90 SH DEFINED 1,2 90 NCI BUILDING SYSTEMS INC COM 628852105 351 7,350 SH DEFINED 2 7,350 NCR CORP COM 62886E108 12 260 SH DEFINED 1,2 260 NETWORK APPLIANCE INC COM 64120L104 1,071 29,335 SH DEFINED 1,2 29,335 NEW YORK TIMES CO CL A 650111107 5 200 SH DEFINED 1,2 200 NEWELL RUBBERMAID INC COM 651229106 12 390 SH DEFINED 1,2 390 NEWMONT MINING CORP COM 651639106 27 640 SH DEFINED 1,2 640 NEWS CORP LTD CL A 65248E104 7,013 303,350 SH DEFINED 1,2 303,350 NICOR INC COM 654086107 3 60 SH DEFINED 1,2 60 NIKE INC CL B 654106103 30 280 SH DEFINED 1,2 280 NISOURCE INC COM 65473P105 10 390 SH DEFINED 1,2 390 NOBLE CORPORATION SHS G65422100 16 200 SH DEFINED 1,2 200 NORDSTROM INC COM 655664100 17 330 SH DEFINED 1,2 330
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None NORFOLK SOUTHERN CORP COM 655844108 30 590 SH DEFINED 1,2 590 NORTEL NETWORKS NOTE 656568AB8 8,888 9,000,000 PRN DEFINED 2,4 900,000 NORTHERN TRUST CORP COM 665859104 1,285 21,370 SH DEFINED 1,2 21,370 NORTHROP GRUMMAN CORP COM 666807102 37 498 SH DEFINED 1,2 498 NOVELL INC COM 670006105 3 480 SH DEFINED 1,2 480 NOVELL INC DBCV 670006AC9 2,558 2,600,000 PRN DEFINED 2,3 225,655 NOVELLUS SYS INC COM 670008101 5 170 SH DEFINED 1,2 170 NRG ENERGY INC COM 629377508 1,858 25,790 SH DEFINED 2 25,790 NUCOR CORP COM 670346105 29 440 SH DEFINED 1,2 440 NVIDIA CORP COM 67066G104 14 500 SH DEFINED 1,2 500 OCCIDENTAL PETROLEUM COM 674599105 4,499 91,240 SH DEFINED 1,2 91,240 OFFICE DEPOT INC COM 676220106 14 410 SH DEFINED 1,2 410 OFFICEMAX INC COM 67622P101 6 110 SH DEFINED 1,2 110 OLD REPUBLIC INTL CORP COM 680223104 1,502 67,922 SH DEFINED 2 67,922 OMNICOM GROUP INC COM 681919106 26 250 SH DEFINED 1,2 250 ORACLE CORP COM 68389X105 1,995 110,055 SH DEFINED 1,2 110,055
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None PACCAR INC COM 693718108 26 360 SH DEFINED 1,2 360 PACTIV CORP COM 695257105 7 200 SH DEFINED 1,2 200 PALL CORP COM 696429307 7 180 SH DEFINED 1,2 180 PARAMETRIC TECHNOLOGY CORP COM 699173209 3 160 SH DEFINED 1,2 160 PARKER HANNIFIN CORP COM 701094104 15 170 SH DEFINED 1,2 170 PATTERSON COMPANIES INC COM 703395103 7 200 SH DEFINED 1,2 200 PAYCHEX INC COM 704326107 19 490 SH DEFINED 1,2 490 PEABODY ENERGY CORP SDCV 704549AG9 247 250,000 PRN DEFINED 2,3 4,036 PENNEY J C INC COM 708160106 26 320 SH DEFINED 1,2 320 PEPSI BOTTLING GROUP INC COM 713409100 6 190 SH DEFINED 1,2 190 PEPSICO INCORPORATED COM 713448108 1,549 24,370 SH DEFINED 1,2 24,370 PERKINELMER INC COM 714046109 4 180 SH DEFINED 1,2 180 PETRO-CANADA COM 71644E102 2,353 60,000 SH DEFINED 2 60,000 PFIZER INC COM 717081103 4,080 161,525 SH DEFINED 1,2 161,525 PG&E CORP COM 69331C108 24 500 SH DEFINED 1,2 500
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None PHARMANET DEVELOPMENT GROUP COM 717148100 744 28,600 SH DEFINED 2 28,600 PHH CORP COM 693320202 924 30,225 SH DEFINED 2 30,225 PHILLIPS PETROLEUM COMPANY COM 20825C104 4,262 62,360 SH DEFINED 1,2 62,360 PIKE ELECTRIC CORP COM 721283109 1,393 77,050 SH DEFINED 2 77,050 PINNACLE WEST CAPITAL COM 723484101 7 140 SH DEFINED 1,2 140 PITNEY BOWES INC COM 724479100 15 320 SH DEFINED 1,2 320 PLUM CREEK TIMBER CO INC COM 729251108 10 260 SH DEFINED 1,2 260 PMC-SIERRA INC COM 69344F106 2 290 SH DEFINED 1,2 290 PMI GROUP INC COM 69344M101 678 15,000 SH DEFINED 2 15,000 PNC FINANCIAL SERVICES GROUPCOM 693475105 30 420 SH DEFINED 1,2 420 PPG INDS INC COM 693506107 17 240 SH DEFINED 1,2 240 PPL CORP COM 69351T106 22 550 SH DEFINED 1,2 550 PRAXAIR INC COM 74005P104 1,288 20,460 SH DEFINED 1,2 20,460 PRINCIPAL FINANCIAL GROUP INCOM 74251V102 23 390 SH DEFINED 1,2 390 PROCTER & GAMBLE CO COM 742718109 1,172 18,550 SH DEFINED 1,2 18,550 PROGRESS ENERGY INC COM 743263105 18 360 SH DEFINED 1,2 360 PROGRESSIVE CORP COM 743315103 977 44,780 SH DEFINED 1,2 44,780
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None PROLOGIS TRUST INT 743410102 23 350 SH DEFINED 1,2 350 PRUDENTIAL FINL INC COM 744320102 63 700 SH DEFINED 1,2 700 PUBLIC STORAGE INC COM 74460D109 17 180 SH DEFINED 1,2 180 PUBLIC SVC ENTERPRISE GROUP COM 744573106 30 360 SH DEFINED 1,2 360 PULTE CORP COM 745867101 395 14,930 SH DEFINED 1,2 14,930 QLOGIC CORP COM 747277101 4 220 SH DEFINED 1,2 220 QUALCOMM INC COM 747525103 1,675 39,270 SH DEFINED 1,2 39,270 QUEST DIAGNOSTICS INC COM 74834L100 11 230 SH DEFINED 1,2 230 QUIKSILVER INC COM 74838C106 580 50,000 SH DEFINED 2,4 50,000 QWEST COMMUNICATIONS INTL COM 749121109 21 2,290 SH DEFINED 1,2 2,290 RADIO ONE INC -CL D CL D 75040P405 683 105,700 SH DEFINED 2 105,700 RADIOSHACK CORP COM 750438103 5 190 SH DEFINED 1,2 190 RAIT FINANCIAL TRUST COM 749227104 12,572 449,981 SH DEFINED 2,4 449,981 RAYTHEON CO COM 755111507 34 640 SH DEFINED 1,2 640 REALOGY CORP COM 75605E100 9 305 SH DEFINED 1,2 305 RED HAT INC DBCV 756577AB8 4,022 3,750,000 PRN DEFINED 2,3 146,532 REGENCY ENERGY PARTNERS LP COM 75885Y107 1,999 75,935 SH DEFINED 2,4 75,935 REGIONS FINANCIAL CORP COM 7591EP100 37 1,040 SH DEFINED 1,2 1,040 REGIS CORP COM 758932107 1,064 26,350 SH DEFINED 2 26,350
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None RENAISSANCERE HOLDINGS LTD COM G7496G103 3,440 68,600 SH DEFINED 2 68,600 RENT-A-CENTER INC COM 76009N100 3,898 139,300 SH DEFINED 2 139,300 REYNOLDS AMERICAN INC COM 761713106 16 250 SH DEFINED 1,2 250 ROBERT HALF INTL INC COM 770323103 9 240 SH DEFINED 1,2 240 ROCKWELL COLLINS INC COM 774341101 17 250 SH DEFINED 1,2 250 ROCKWELL INTL CORP COM 773903109 1,212 20,250 SH DEFINED 1,2 20,250 ROHM & HAAS CO COM 775371107 11 210 SH DEFINED 1,2 210 ROWAN COS INC COM 779382100 5 160 SH DEFINED 1,2 160 RYDER SYS INC COM 783549108 4 90 SH DEFINED 1,2 90 SABRE HLDGS CORP CL A 785905100 6 190 SH DEFINED 1,2 190 SAFECO CORP COM 786429100 11 170 SH DEFINED 1,2 170 SAFEWAY INC COM 786514208 23 640 SH DEFINED 1,2 640 SALESFORCE.COM INC COM 79466L302 639 14,915 SH DEFINED 1,2 14,915 SALLY BEAUTY HLDGS INC COM 79546E104 1 110 SH DEFINED 1,2 110 SANDISK CORP COM 80004C101 12 280 SH DEFINED 1,2 280 SANMINA SCI CORP COM 800907107 3 760 SH DEFINED 1,2 760 SARA LEE CORP COM 803111103 1,466 86,630 SH DEFINED 1,2 86,630 SCANA CORP COM 80589M102 1,464 33,902 SH DEFINED 2 33,902
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None SCHERING PLOUGH COM 806605101 54 2,120 SH DEFINED 1,2 2,120 SCHLUMBERGER LIMITED COM 806857108 3,150 45,585 SH DEFINED 1,2 45,585 SCHWAB CHARLES CORP COM 808513105 27 1,480 SH DEFINED 1,2 1,480 SCHWEITZER-MAUDUIT INTL INC COM 808541106 1,512 60,850 SH DEFINED 2 60,850 SCRIPPS E W CO OHIO CL A 811054204 5 120 SH DEFINED 1,2 120 SEALED AIR CORP COM 81211K100 8 240 SH DEFINED 1,2 240 SEALY CORP COM 812139301 1,157 66,175 SH DEFINED 2 66,175 SEARS HOLDINGS CORP COM 812350106 1,906 10,579 SH DEFINED 1,2,4 10,579 SEMPRA ENERGY COM 816851109 2,079 34,080 SH DEFINED 1,2 34,080 SHERWIN WILLIAMS CO COM 824348106 11 160 SH DEFINED 1,2 160 SIGMA ALDRICH CORP COM 826552101 8 200 SH DEFINED 1,2 200 SIMON PPTY GROUP INC COM 828806109 36 320 SH DEFINED 1,2 320 SLM CORP COM 78442P106 445 10,885 SH DEFINED 1,2 10,885 SMITH INTL INC COM 832110100 14 290 SH DEFINED 1,2 290 SNAP ON INC COM 833034101 4 80 SH DEFINED 1,2 80
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None SOLECTRON CORP COM 834182107 4 1,310 SH DEFINED 1,2 1,310 SOUTHERN COMPANY COM 842587107 39 1,060 SH DEFINED 1,2 1,060 SOUTHWEST AIR CO COM 844741108 16 1,120 SH DEFINED 1,2 1,120 SOVEREIGN BANCORP INC COM 845905108 13 515 SH DEFINED 1,2 515 SPECTRA ENERGY CORP COM 847560109 24 899 SH DEFINED 1,2 899 SPHERION CORPORATION COM 848420105 151 17,125 SH DEFINED 2 17,125 SPRINT CORP COM 852061100 4,063 214,278 SH DEFINED 1,2 214,278 ST JUDE MEDICAL INC COM 790849103 771 20,510 SH DEFINED 1,2 20,510 STANLEY WKS COM 854616109 7 120 SH DEFINED 1,2 120 STAPLES INC COM 855030102 259 10,040 SH DEFINED 1,2 10,040 STARBUCKS CORP COM 855244109 975 31,080 SH DEFINED 1,2 31,080 STARWOOD HOTELS&RESORTS WRLDCOM 85590A401 20 310 SH DEFINED 1,2 310 STATE STREET CORP COM 857477103 31 480 SH DEFINED 1,2 480 STEWART INFORMATION SERVICESCOM 860372101 560 13,400 SH DEFINED 2 13,400 STONE CONTAINER CORP COM 832727101 1,126 100,000 SH DEFINED 2 100,000 STREETTRACKS GOLD TRUST SHS 863307104 49,305 750,000 SH DEFINED 2 750,000 STRYKER CORP COM 863667101 29 430 SH DEFINED 1,2 430
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None SUN MICROSYSTEMS INC COM 866810104 30 5,030 SH DEFINED 1,2 5,030 SUNOCO INC COM 86764P109 13 190 SH DEFINED 1,2 190 SUNTRUST BANKS INC COM 867914103 44 530 SH DEFINED 1,2 530 SUPERVALU INC COM 868536103 12 301 SH DEFINED 1,2 301 SYMANTEC CORP COM 871503108 24 1,414 SH DEFINED 1,2 1,414 SYNOVUS FINL CORP COM 87161C105 15 460 SH DEFINED 1,2 460 SYSCO CORP COM 871829107 30 890 SH DEFINED 1,2 890 T ROWE PRICE GROUP INC COM 74144T108 18 380 SH DEFINED 1,2 380 TARGET CORP COM 87612E106 1,258 21,230 SH DEFINED 1,2 21,230 TECO ENERGY INC COM 872375100 5 290 SH DEFINED 1,2 290 TEEKAY OFFSHORE PARTNERS LP LP PARTNY8565J101 5,156 177,800 SH DEFINED 2,4 177,800 TEKTRONIX INC COM 879131100 3 120 SH DEFINED 1,2 120 TELLABS INC COM 879664100 6 640 SH DEFINED 1,2 640 TEMPLE INLAND INC COM 879868107 10 160 SH DEFINED 1,2 160 TEMPUR-PEDIC INTERNATIONAL COM 88023U101 1,249 48,050 SH DEFINED 2 48,050
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None TENET HEALTHCARE CORP CL A 88033G100 4 670 SH DEFINED 1,2 670 TEPPCO PARTNERS LP LTD PART872384102 633 14,263 SH DEFINED 2,4 14,263 TERADYNE INC COM 880770102 5 280 SH DEFINED 1,2 280 TESORO PETROLEUM CORP COM 881609101 8,034 80,000 SH DEFINED 2 80,000 TEXAS INSTRS INC COM 882508104 66 2,200 SH DEFINED 1,2 2,200 TEXTRON INC COM 883203101 1,651 18,380 SH DEFINED 1,2 18,380 THERMO FISHER SCIENTIFIC INCCOM 883556102 28 590 SH DEFINED 1,2 590 TIFFANY & CO NEW COM COM 886547108 9 200 SH DEFINED 1,2 200 TIME WARNER INC COM 887317105 115 5,830 SH DEFINED 1,2 5,830 TJX COS. INC. NEW COM 872540109 2,911 107,990 SH DEFINED 1,2 107,990 TORCHMARK CORP COM 891027104 2,552 38,915 SH DEFINED 1,2 38,915 TRANSMONTAIGNE PARTNERS LP COM 89376V100 5,037 141,900 SH DEFINED 2,4 141,900 TRANSOCEON SEDCO FOREX INC ORD G90078109 37 450 SH DEFINED 1,2 450 TRAVELERS COS INC/THE COM 89417E109 52 997 SH DEFINED 1,2 997 TREX COMPANY INC COM 89531P105 1,193 55,425 SH DEFINED 2 55,425
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None TRIBUNE CO COM 896047107 9 270 SH DEFINED 1,2 270 TXU CORP COM 873168108 42 660 SH DEFINED 1,2 660 TYCO INTERNATIONAL LTD COM 902124106 1,747 55,365 SH DEFINED 1,2 55,365 TYSON FOODS INC CL A 902494103 7 360 SH DEFINED 1,2 360 UNILEVER NV SHS 904784709 3,724 127,450 SH DEFINED 2 127,450 UNION PACIFIC COM 907818108 1,824 17,965 SH DEFINED 1,2 17,965 UNISYS CORP COM 909214108 4 490 SH DEFINED 1,2 490 UNITED NATIONAL GROUP LTD-A COM 90933T109 1,267 54,600 SH DEFINED 2 54,600 UNITED PARCEL SERVICE CL B 911312106 1,403 20,011 SH DEFINED 1,2 20,011 UNITED STATES STL CORP COM 912909108 18 180 SH DEFINED 1,2 180 UNITED STATIONERS INC COM 913004107 1,147 19,150 SH DEFINED 2 19,150 UNITED TECHNOLOGIES CORP. COM 913017109 1,134 17,450 SH DEFINED 1,2 17,450 UNITEDHEALTH GROUP INC COM 91324P102 1,479 27,930 SH DEFINED 1,2 27,930 UNIVERSAL COMPRESSION PARTNEINT 913430104 3,676 118,964 SH DEFINED 2,4 118,964 UNIVERSAL CORP-VA COM 913456109 1,264 20,600 SH DEFINED 2 20,600 UNUM GROUP COM 91529Y106 11 490 SH DEFINED 1,2 490 US BANCORP COM 902973304 4,097 117,170 SH DEFINED 1,2 117,170
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None USI HOLDINGS CORP COM 90333H101 1,179 69,950 SH DEFINED 2 69,950 UST INC COM 902911106 13 230 SH DEFINED 1,2 230 V F CORP COM 918204108 11 130 SH DEFINED 1,2 130 VALERO ENERGY CORP COM 91913Y100 14,245 220,880 SH DEFINED 1,2 220,880 VALERO GP HOLDINGS LLC INT 91914G108 4,163 150,000 SH DEFINED 2,4 150,000 VARIAN MED SYS INC COM 92220P105 477 10,000 SH DEFINED 1,2 10,000 VERIGY SHS Y93691106 2 71 SH DEFINED 1,2 71 VERISIGN INC COM 92343E102 48 1,915 SH DEFINED 1,2 1,915 VERIZON COMMUNICATIONS INC COM 92343V104 158 4,160 SH DEFINED 1,2 4,160 VIACOM INC CL B 92553P201 42 1,020 SH DEFINED 1,2 1,020 VIAD CORP COM 92552R406 825 21,369 SH DEFINED 2 21,369 VISHAY INTERTECHNOLOGY NOTE 928298AF5 2,503 2,500,000 PRN DEFINED 2,3 117,481 VORNADO RLTY TR INT 929042109 21 180 SH DEFINED 1,2 180 VULCAN MATLS CO COM 929160109 16 140 SH DEFINED 1,2 140 WACHOVIA CORP COM 929903102 151 2,750 SH DEFINED 1,2 2,750 WAL MART STORES INC COM 931142103 5,645 120,230 SH DEFINED 1,2 120,230 WALGREEN CO COM 931422109 291 6,345 SH DEFINED 1,2 6,345
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None WASHINGTON MUTUAL INC COM 939322103 747 18,505 SH DEFINED 1,2 18,505 WASTE MGMT INC COM 94106L109 26 770 SH DEFINED 1,2 770 WATERS CORP COM 941848103 9 150 SH DEFINED 1,2 150 WATSON PHARMACEUTICALS INC COM 942683103 4 140 SH DEFINED 1,2 140 WEATHERFORD INTL LTD COM G95089101 1,015 22,500 SH DEFINED 1,2 22,500 WELLPOINT INC COM 94973V107 486 5,990 SH DEFINED 1,2 5,990 WELLS FARGO & COMPANY COM 949746101 166 4,830 SH DEFINED 1,2 4,830 WENDYS INTL INC COM 950590109 5 170 SH DEFINED 1,2 170 WESTERN UN CO COM 959802109 24 1,089 SH DEFINED 1,2 1,089 WEYERHAEUSER COMPANY COM 962166104 922 12,334 SH DEFINED 1,2 12,334 WHIRLPOOL CORPORATION COM 963320106 3,105 36,568 SH DEFINED 1,2 36,568 WHOLE FOODS MKT INC COM 966837106 9 200 SH DEFINED 1,2 200 WILLIAMS COS INC COM 969457100 7,200 252,980 SH DEFINED 1,2 252,980 WILLIAMS PARTNERS LP COM 96950F104 4,749 99,500 SH DEFINED 2,4 99,500 WINDSTREAM CORP COM 97381W104 10 676 SH DEFINED 1,2 676 WISCONSIN ENERGY CORP COM 976657106 1,947 40,125 SH DEFINED 2 40,125 WRIGLEY WM JR CO COM 982526105 16 310 SH DEFINED 1,2 310
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None WYETH COM 983024100 4,647 92,880 SH DEFINED 1,2 92,880 WYNDHAM WORLDWIDE CORP COM 98310W108 2,059 60,290 SH DEFINED 1,2 60,290 XCEL ENERGY INC COM 98389B100 14 580 SH DEFINED 1,2 580 XEROX CORP COM 984121103 7,624 451,400 SH DEFINED 1,2 451,400 XILINX INC COM 983919101 12 480 SH DEFINED 1,2 480 XL CAPITAL LTD-CLASS A CL A G98255105 2,208 31,560 SH DEFINED 1,2 31,560 XM SATELLITE RADIO HLDGS NOTE 983759AC5 1,725 2,000,000 PRN DEFINED 2,3 40,000 XTO ENERGY INC COM 98385X106 29 520 SH DEFINED 1,2 520 YAHOO! INC COM 984332106 226 7,210 SH DEFINED 1,2 7,210 YUM BRANDS INC COM 988498101 23 390 SH DEFINED 1,2 390 ZIMMER HOLDINGS INC COM 98956P102 119 1,390 SH DEFINED 1,2 1,390 ZIONS BANCORPORATION COM 989701107 14 160 SH DEFINED 1,2 160