-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 AdjTnwEH86kcem61o9zUWIwEaZRBQNPT+NNoXyAccEHBfGjxrw9erCgpc99aK4aV
 rckwB1wkkA+NIzU2JkujfA==

<SEC-DOCUMENT>0000909012-05-000936.txt : 20051129
<SEC-HEADER>0000909012-05-000936.hdr.sgml : 20051129
<ACCEPTANCE-DATETIME>20051129111254
ACCESSION NUMBER:		0000909012-05-000936
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051116
FILED AS OF DATE:		20051129
DATE AS OF CHANGE:		20051129

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENN TRAFFIC CO
		CENTRAL INDEX KEY:			0000077155
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-GROCERY STORES [5411]
		IRS NUMBER:				250716800
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		1200 STATE FAIR BLVD
		CITY:			SRYACUSE
		STATE:			NY
		ZIP:			13221-4737
		BUSINESS PHONE:		8145369900

	MAIL ADDRESS:	
		STREET 1:		1200 STATE FAIR BLVD
		CITY:			SYRACUSE
		STATE:			NY
		ZIP:			13221-4737

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			JP MORGAN INVESTMENT MANAGEMENT, INC.
		CENTRAL INDEX KEY:			0000928121
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08858
		FILM NUMBER:		051230453

	BUSINESS ADDRESS:	
		STREET 1:		8044 MONTGOMERY RD STE 480
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45236
		BUSINESS PHONE:		5139853200

	MAIL ADDRESS:	
		STREET 1:		8044 MONTGOMERY RD STE 480
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45236

	FORMER NAME:	
		FORMER CONFORMED NAME:	PACHOLDER ASSOCIATES INC
		DATE OF NAME CHANGE:	19940809
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>t302201_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-11-16</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000077155</issuerCik>
        <issuerName>PENN TRAFFIC CO</issuerName>
        <issuerTradingSymbol>PNFT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000928121</rptOwnerCik>
            <rptOwnerName>JP MORGAN INVESTMENT MANAGEMENT, INC.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>JP MORGAN INVESTMENT MANAGEMENT, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>522 FIFTH AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10036</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1874134</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>As agent for Pension Benefit Guaranty Corp.</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On March 17, 2005, the United States Bankruptcy Court for the Southern District of New York entered an Order and Judgment
Confirming the First Amended Joint Plan of Reorganization of The Penn Traffic Company (the &quot;Issuer&quot; or &quot;Penn Traffic&quot;) and
its Affiliated Debtors and Debtors-in-Possession (the &quot;Plan&quot;). Capitalized terms used herein and not otherwise defined
shall have the meanings ascribed to such terms under the Plan, which was filed as an Exhibit to the Issuer's Form 8-K filed
with the Securities and Exchange Commission on March 24, 2005.</footnote>
        <footnote id="F2">On September 28, 2005, JP Morgan Investment Management, Inc. (&quot;JPMIM&quot;), as agent for Pension Benefit Guaranty Corporation
(&quot;PBGC&quot;) and pursuant to an investment management agreement (the &quot;Agreement&quot;) between JPMIM and PBGC, received 1,874,134 New
Penn Traffic Common Shares, which shares were distributed to PBGC in accordance with the Plan. Between September 28, 2005
and November 16, 2005, JPMIM repeatedly requested information from the Issuer about the total number of outstanding New Penn
Traffic Common Shares; however, neither JPMIM nor PBGC received such information until November 16, 2005 and therefore JPMIM
was unable to determine the percentage of outstanding New Penn Traffic Common Shares that it had received as agent for PBGC
until November 16, 2005.</footnote>
        <footnote id="F3">Pursuant to the Agreement, JPMIM has discretionary authority to manage the PBGC's interest in Penn
Traffic, including sole voting power and sole dispositive power.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ DAVID A . GROSHOFF</signatureName>
        <signatureDate>2005-11-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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