SC 13G 1 eurocurrencytxt.txt SCHEDULE 13G ------------------------------------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1 ) ------------ EURO CURRENCY TRUST SPONSORED BY RYDEX SPECIALIZED PRODUCTS LLC, D/B/A RYDEX INVESTMENTS ------------------------------------------------------------------------------ (Name of Issuer) EURO CURRENCY SHARES ------------------------------------------------------------------------------ (Title of Class of Securities) 29871P109 ------------------------------------------------------------------------------ (CUSIP Number) February 3, 2006 ------------------------------------------------------------------------------ (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. 29871P109 --------- 1. Names of Reporting Persons. LOEWS CORPORATION I.R.S. Identification Nos. of above persons (entities only). 13-2646102 ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) .................................................................... (b) .................................................................... ------------------------------------------------------------------------------ 3. SEC Use Only ........................................................... ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization. DELAWARE CORPORATION ------------------------------------------------------------------------------ Number of 5. Sole Voting Power ............................100,000 Shares ----------------------------------------------------------- Beneficially Owned by 6. Shared Voting Power ................................0 Each Reporting ----------------------------------------------------------- Person With 7. Sole Dispositive Power .......................100,000 ----------------------------------------------------------- 8. Shared Dispositive Power .............................0 ------------------------------------------------------------------------------ 9..Aggregate Amount Beneficially Owned by Each Reporting Person...100,000 ------------------------------------------------------------------------------ 10..Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) .......................................................... ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row 9 ..................11.8%, as of February 3, 2006; 7.4% as of February 13, 2006 resulting from an increased amount of shares issued and outstanding. ------------------------------------------------------------------------------ 12. Type of Reporting Person (See Instructions). CO ------------------------------------------------------------------------------ .............................................................................. .............................................................................. .............................................................................. .............................................................................. .............................................................................. .............................................................................. .............................................................................. .............................................................................. .............................................................................. .............................................................................. .............................................................................. .............................................................................. ------------------------------------------------------------------------------ Item 1. (a) Name of Issuer EURO CURRENCY TRUST SPONSORED BY RYDEX SPECIALIZED PRODUCTS LLC, D/B/A RYDEX INVESTMENTS (b) Address of Issuer's Principal Executive Offices 9601 BLACKWELL ROAD, SUITE 500 ROCKVILLE, MARYLAND 20850 Item 2. (a) Name of Person Filing LOEWS CORPORATION (b) Address of Principal Business Office or, if none, Residence 667 MADISON AVENUE NEW YORK, NEW YORK 10021 (c) Citizenship DELAWARE CORPORATION (d) Title of Class of Securities EURO CURRENCY SHARES (e) CUSIP Number 29871P109 Item If this statement is filed pursuant to Section 240.13d-1(b) or 240.13d- 3. 2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Exchange Act. (b) [ ] Bank as defined in section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in section 3(a)(19) of the Exchange Act (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940. (e) [ ] An investment adviser in accordance with Section 240.13d- 1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). Item Ownership. 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 100,000 ------------------------. (c) Percent of class: 11.8% as of February 3, 2006; 7.4% as of February 13, 2006 resulting from an increased amount of shares issued and outstanding. -----------------------------------------------------------------------. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 100,000 -----------. (ii) Shared power to vote or to direct the vote 0 ------------------. (iii) Sole power to dispose or to direct the disposition of 100,000 -----------------. (iv) Shared power to dispose or to direct the disposition of 0 ---------------. Item Ownership of Five Percent or Less of a Class 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item Ownership of More than Five Percent on Behalf of Another Person. 6. NOT APPLICABLE Item Identification and Classification of the Subsidiary Which Acquired the 7. Security Being Reported on By the Parent Holding Company or Control Person. NOT APPLICABLE Item Identification and Classification of Members of the Group 8. NOT APPLICABLE Item Notice of Dissolution of Group 9. NOT APPLICABLE Item Certification 10. By signing below the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. February 13, 2006 ----------------------------------- Date LOEWS CORPORATION By: /s/ Gary W. Garson -------------------------------- Signature Gary W. Garson, Senior Vice President and Secretary ----------------------------------- Name/Title