UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 13F
FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2006
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:	    Babson Capital Management LLC
Address:  470 Atlantic Avenue
          Boston, MA  02210

13F File Number 0028-00060

The institutional manger 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:	    Jan Jumet
          Managing Director and Chief Compliance Officer
Title:    Phone: (617) 761-6599
Signature, Place and Date of Signing:

/s/Jan Jumet    Boston, MA    February 13, 2007

Report Type (Check only one.):
[X] 	13F HOLDINGS REPORT.

[ ]	13F NOTICE.

[ ] 	13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager: 0

FORM 13F SUMMARY PAGE

Report Summary:
Number of Other Included Mangers:	0

Form 13F Information Entry Total: 782

Form 13F Information Table Value Total: 2527931
List of Other Included Mangers:

VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL
DSCRETN -MANAGERS- SOLE SHARED NONE
D "Aflac, Inc." Common Stock 001055102 955 2500 SH SOLE "2,500.00"
D Agco Corporation Common Stock 001084102 710 6300 SH SOLE "6,300.00"
D A E S Corporation Common Stock 00130H105 911 25000 SH SOLE "25,000.00"
D A M B Prop Corp Com Stock REIT 00163T109 2162 20700 SH SOLE "20,700.00"
D A M R Corporation Common Stock 001765106 388 3100 SH SOLE "3,100.00"
D A M R Corporation Common Stock 001765106 531 8811 SH SOLE "8,811.03"
D "A T & T, Inc." Common Stock 00206R102 18830 45000 SH SOLE "45,000.00"
D AZZ INCORPORATED Common Stock 002474104 2560 26700 SH SOLE "26,700.00"
D "ABAXIS, INC." Common Stock 002567105 4888 135300 SH SOLE "135,300.00"
D Abbott Laboratories Common Stock 002824100 14873 18000 SH SOLE "18,000.00"
D Absolute Software Corp Com Stock 00386B109 3386 239900 SH SOLE "239,900.00"
D "ACE Aviation Hlds, Inc." Com Stock 00440P201 1750 53891 SH SOLE "53,891.00"
D ACTUANT CORP. Com Stock Cl A 00508X203 3231 36300 SH SOLE "36,300.00"
D "Adobe Systems, Inc." Common Stock 00724F101 1811 7300 SH SOLE "7,300.00"
D Advanced Energy Industries Com Stock 007973100 306 3300 SH SOLE "3,300.00"
D "Aetna, Inc." Common Stock 00817Y108 3596 9000 SH SOLE "9,000.00"
D Affiliated Computer Services Com Stock 008190100 452 800 SH SOLE 800.00
D "Agilent Technologies, Inc." Com Stock 00846U101 1296 4900 SH SOLE "4,900.00"
D "Airgas, Inc." Common Stock 009363102 365 200 SH SOLE 200.00
D Alcatel-Lucent ADR 013904305 1088 7339 SH SOLE "7,339.00"
D "Allegheny Energy, Inc." Com Stock 017361106 487 1100 SH SOLE "1,100.00"
D "Allegheny Technologies, Inc." Com Stock 01741R102 532 800 SH SOLE 800.00
D "Allergan, Inc." Com Stock 018490102 287 500 SH SOLE 500.00
D "Alliance Imaging, Inc." Com Stock 018606202 90 4400 SH SOLE "4,400.00"
D Alliant Energy Corporation Com Stock 018802108 237 2000 SH SOLE "2,000.00"
D Allied Capital Corporation Com Stock 01903Q108 287 2200 SH SOLE "2,200.00"
D "Allied Waste Ind, Inc." Com Stock 019589308 1094 12200 SH SOLE "12,200.00"
D Allstate Corporation Common Stock 020002101 6917 8800 SH SOLE "8,800.00"
D Alltel Corporation Common Stock 020039103 3194 4400 SH SOLE "4,400.00"
D Altera Corporation Common Stock 021441100 646 4300 SH SOLE "4,300.00"
D "Altria Group, Inc." Com Stock 02209S103 19562 23600 SH SOLE "23,600.00"
D "Ambac, Inc." Com Stock 023139108 1758 1900 SH SOLE "1,900.00"
D Ameren Corporation Com Stock 023608102 1469 2600 SH SOLE "2,600.00"
D American Electric Pwr Co. Com Stock 025537101 2262 4600 SH SOLE "4,600.00"
D American Express Co Com Stock 025816109 6159 14200 SH SOLE "14,200.00"
D American Financial Group Com Stock 025932104 639 5850 SH SOLE "5,850.00"
D American Hm Mtg Inv Trst ComStock REIT 02660R107 435 1200 SH SOLE "1,200.00"
D "Amer Restaurant Grp, Inc." Cl A 029309804 464 44231 SH SOLE "44,231.00"
D American Standard Companies  029712106 464 1300 SH SOLE "1,300.00"
D American Tower Corporation Common Stock 029912201 342 168 SH SOLE 168.00
D AmeriCredit Corporation Common Stock 03060R101 704 7700 SH SOLE "7,700.00"
D AmerisourceBergen Corp Com Stock 03073E105 1565 2700 SH SOLE "2,700.00"
D Amerigroup Corp. Common Stock 03073T102 915 7500 SH SOLE "7,500.00"
D "Ameriprise Financial 03076C106 1683 2740 SH SOLE "2,740.00"
D "Amgen, Inc." Common Stock 031162100 7200 13800 SH SOLE "13,800.00"
D Anadarko Petroleum Corp. 032511107 2750 5300 SH SOLE "5,300.00"
D "Analog Devices, Inc." 032654105 551 2800 SH SOLE "2,800.00"
D "Anheuser-Busch Co, Inc."  035229103 4014 9100 SH SOLE "9,100.00"
D Ann Taylor Stores Corporation  036115103 360 300 SH SOLE 300.00
D Ansoft Corporation Common Stock 036384105 373 13400 SH SOLE "13,400.00"
D Aon Corporation Common Stock 037389103 741 3400 SH SOLE "3,400.00"
D Apache Corporation Common Stock 037411105 665 1700 SH SOLE "1,700.00"
D APARTMENT INVT & MGMT CO.  REIT 03748R101 807 900 SH SOLE 900.00
D "Apple Computer, Inc."  037833100 6069 10200 SH SOLE "10,200.00"
D Applera Corp./Applied Bio Grp  038020103 1868 5500 SH SOLE "5,500.00"
D "Applied Materials, Inc." 038222105 1462 11400 SH SOLE "11,400.00"
D Arbor Realty Trust Common Stock REIT 038923108 298 9900 SH SOLE "9,900.00"
D Archer-Daniels-Midland Company 039483102 1162 4200 SH SOLE "4,200.00"
D Archstone-Smith Opr Trust REIT 039583109 11834 127972 SH SOLE "127,972.00"
D Ark Restaurants Corp. 040712101 1762 28200 SH SOLE "28,200.00"
D "Ashland, Inc." Common Stock 044209104 841 1000 SH SOLE "1,000.00"
D "ASSURANT, INC." Common Stock 04621X108 560 3100 SH SOLE "3,100.00"
D "Asyst Technologies, Inc." Common Stock 04648X107 162 6100 SH SOLE "6,100.00"
D "Atlas Air Worldwide Hldg, Inc." 049164205 6551 67635 SH SOLE "67,635.00"
D Atmel Corporation Common Stock 049513104 178 10100 SH SOLE "10,100.00"
D Atmos Energy Corporation Common Stock 049560105 238 3000 SH SOLE "3,000.00"
D "Autodesk, Inc." Common Stock 052769106 534 1700 SH SOLE "1,700.00"
D "Autoliv, Inc." Common Stock 052800109 480 3000 SH SOLE "3,000.00"
D Automatic Data Processing 053015103 12144 6600 SH SOLE "6,600.00"
D "Autozone, Inc." Common Stock 053332102 1362 1700 SH SOLE "1,700.00"
D "Avalon Bay Communities REIT 053484101 9237 48114 SH SOLE "48,114.00"
D "Avaya, Inc." Common Stock 053499109 1369 9800 SH SOLE "9,800.00"
D Avery Dennison Corporation Common Stock 053611109 707 1300 SH SOLE "1,300.00"
D "Avon Products, Inc." Common Stock 054303102 1198 5700 SH SOLE "5,700.00"
D "AXSYS TECHNOLOGIES, INC."  054615109 3210 97393 SH SOLE "97,393.00"
D B B & T Corporation Common Stock 054937107 3237 6400 SH SOLE "6,400.00"
D B J Services Company Common Stock 055482103 223 900 SH SOLE 900.00
D B P Amoco plc Common Stock ADR 055622104 6703 64073 SH SOLE "64,073.00"
D "B R E Properties REIT 05564E106 3027 32100 SH SOLE "32,100.00"
D "B M C Software, Inc." Common Stock 055921100 1636 6600 SH SOLE "6,600.00"
D "Baker Hughes, Inc." Common Stock 057224107 1274 2500 SH SOLE "2,500.00"
D "Bancorp Rhode Island, Inc."  059690107 2729 33500 SH SOLE "33,500.00"
D "BANCORPSOUTH, INC." Common Stock 059692103 217 3700 SH SOLE "3,700.00"
D "Bancshares of Florida, Inc." 05976U102 2744 71400 SH SOLE "71,400.00"
D Bank of America Corporation 060505104 47758 50364 SH SOLE "50,364.00"
D "Bank of New York Company, Inc." 064057102 2281 4800 SH SOLE "4,800.00"
D "C R Bard, Inc." Common Stock 067383109 450 700 SH SOLE 700.00
D "Bausch & Lomb, Inc." Common Stock 071707103 466 700 SH SOLE 700.00
D "Baxter International, Inc." 071813109 3594 9800 SH SOLE "9,800.00"
D Beacon Power Corporation 073677106 728 735525 SH SOLE "735,525.00"
D "Bear Stearns Companies, Inc." 073902108 4055 2200 SH SOLE "2,200.00"
D Becton Dickinson and Company 075887109 1562 2900 SH SOLE "2,900.00"
D Bellsouth Corporation 079860102 11517 20700 SH SOLE "20,700.00"
D "Bemis Company, Inc." 081437105 558 1500 SH SOLE "1,500.00"
D WR Berkley Corporation 084423102 454 2350 SH SOLE "2,350.00"
D "Best Buy Company, Inc." 086516101 1711 4800 SH SOLE "4,800.00"
D "Big Lots, Inc." 089302103 1239 8200 SH SOLE "8,200.00"
D "Bioenvision, Inc." 09059N100 155 31124 SH SOLE "31,124.05"
D "BIOGEN IDEC, INC." 09062X103 2115 4400 SH SOLE "4,400.00"
D "BIioMed Realty Trust, Inc." REIT 09063H107 5207 136592 SH SOLE "136,592.00"
D "Bitstream, Inc." Class A 091736108 591 36200 SH SOLE "36,200.00"
D Black & Decker Corporation 091797100 667 1000 SH SOLE "1,000.00"
D "Blockbuster, Inc." 093679108 55 3400 SH SOLE "3,400.00"
D Boeing Company 097023105 6528 10000 SH SOLE "10,000.00"
D Bolt Technologies 097698104 6905 165100 SH SOLE "165,100.00"
D "Boston Properties, Inc." REIT 101121101 14295 82136 SH SOLE "82,136.00"
D Boston Scientific Corporation 101137107 961 9100 SH SOLE "9,100.00"
D BRANDYWINE REALTY TRUST  REIT 105368203 251 3100 SH SOLE "3,100.00"
D Bristol-Myers Squibb Company  110122108 2625 16300 SH SOLE "16,300.00"
D Brocade Communications Systems 111621108 655 21150 SH SOLE "21,150.00"
D Brookfield Properties Corp. REIT 112900105 3009 57300 SH SOLE "57,300.00"
D Brown-Forman Corporation  Class B 115637209 219 600 SH SOLE 600.00
D BRUKER BIOSCIENCES CORP.  116794108 348 5600 SH SOLE "5,600.00"
D Burlington Northern Santa Fe 12189T104 1566 2700 SH SOLE "2,700.00"
D C B S Corp. Common Stock Class B 124857202 2977 9100 SH SOLE "9,100.00"
D "C B Richard Ellis Group Class A REIT 12497T101 270 5600 SH SOLE "5,600.00"
D Cigna Corporation Common Stock 125509109 3687 2300 SH SOLE "2,300.00"
D "C I T Group, Inc." Common Stock 125581108 2738 4600 SH SOLE "4,600.00"
D Cleco Corporation Common Stock 12561W105 328 13000 SH SOLE "13,000.00"
D C S X Corporation Common Stock 126408103 1815 5600 SH SOLE "5,600.00"
D C T S CORP. Common Stock 126501105 272 3400 SH SOLE "3,400.00"
D C V S Corporation Common Stock 126650100 1057 5800 SH SOLE "5,800.00"
D "C A, INC." Common Stock 12673P105 1114 5162 SH SOLE "5,162.00"
D Cablevision Sys Corp. Com StkClass A 12686C109 200 2900 SH SOLE "2,900.00"
D Callon Petroleum Co Com Stock 13123X102 1126 11992 SH SOLE "11,992.00"
D C A M Commerce Solutions  Com Stk131916108 1291 27979 SH SOLE "27,979.00"
D Camden Property Trust REIT 133131102 310 1100 SH SOLE "1,100.00"
D Campbell Soup Co Com Stock 134429109 1667 4100 SH SOLE "4,100.00"
D Capital One Financial Corp. Com  14040H105 4504 5243 SH SOLE "5,242.94"
D Capital Trust Com Stock Class A 14052H506 524 10500 SH SOLE "10,500.00"
D "CAPITALSOURCE, INC." Com  REIT 14055X102 481 5100 SH SOLE "5,100.00"
D Cardiac Science Corp. Com  14141A108 1638 202942 SH SOLE "202,942.00"
D "Cardinal Health, Inc." Com 14149Y108 2330 5000 SH SOLE "5,000.00"
D "Caremark Rx, Inc." Com 141705103 2166 5100 SH SOLE "5,100.00"
D Carnival Corporation Common Stock 143658300 687 2200 SH SOLE "2,200.00"
D CARPENTER TECHNOLOGY CORP. Com 144285103 242 100 SH SOLE 100.00
D CASCADE BANCORP Com147154108 357 11500 SH SOLE "11,500.00"
D "Cash America Intl, Inc." Com 14754D100 375 4000 SH SOLE "4,000.00"
D "Castle Brands, Inc." Com 148435100 3182 510685 SH SOLE "510,685.00"
D "Caterpillar, Inc." Com 149123101 2539 5700 SH SOLE "5,700.00"
D CELANESE CORP. Common Stock 150870103 617 6300 SH SOLE "6,300.00"
D Celgene Corporation Com 151020104 552 1600 SH SOLE "1,600.00"
D "Centerpoint Energy, Inc." Com 15189T107 802 4000 SH SOLE "4,000.00"
D Centex Corporation Com 152312104 546 900 SH SOLE 900.00
D "Centurytel, Inc." Com 156700106 1451 3300 SH SOLE "3,300.00"
D Chesapeake Energy Corp Co 165167107 395 10000 SH SOLE "10,000.00"
D Chevron Texaco Cap Corp. Com 166764100 24021 25285 SH SOLE "25,285.00"
D CHICAGO MERCANTILE EXCH Com 167760107 1269 300 SH SOLE 300.00
D Chubb Corporation Com 171232101 1809 6800 SH SOLE "6,800.00"
D Ciena Corp 171779309 268 1071 SH SOLE "1,071.00"
D Cincinnati Financial 172062101 954 2114 SH SOLE "2,114.00"
D "Cisco Systems 17275R102 13984 70100 SH SOLE "70,100.00"
D Cintas Corporation 172908105 266 700 SH SOLE 700.00
D "Citigroup, Inc." Com 172967101 43690 55000 SH SOLE "55,000.00"
D Citizens Communications Com 17453B101 595 4800 SH SOLE "4,800.00"
D "Citrix Systems, Inc." Com 177376100 378 2000 SH SOLE "2,000.00"
D "CLAIRE'S STORES, INC." Com 179584107 1367 1260 SH SOLE "1,260.00"
D Clear Channel Com Com 184502102 2350 5900 SH SOLE "5,900.00"
D Clorox Company Com 189054109 1289 1700 SH SOLE "1,700.00"
D "Coach, Inc." Common Stock 189754104 388 1300 SH SOLE "1,300.00"
D Coca-Cola Company Common Stock 191216100 9253 23800 SH SOLE "23,800.00"
D "Coca-Cola Enterprises" Comm 191219104 951 4200 SH SOLE "4,200.00"
D Colgate-Palmolive Company Com 194162103 2809 6000 SH SOLE "6,000.00"
D Colonial Bancgroup Common Stock 195493309 239 4200 SH SOLE "4,200.00"
D Comcast Corporation Com 20030N101 11264 24700 SH SOLE "24,700.00"
D "Comerica, Inc." Com 200340107 1265 1900 SH SOLE "1,900.00"
D "COMMUNICATIONS SYSTEMS Com 203900105 455 45500 SH SOLE "45,500.00"
D "Compass Bancshares, Inc." Com 20449H109 509 1300 SH SOLE "1,300.00"
D Computer Sciences Corp Com 205363104 1351 2200 SH SOLE "2,200.00"
D Compuware Corporation Com 205638109 372 4100 SH SOLE "4,100.00"
D "ConAgra Foods, Inc." Com 205887102 2755 6500 SH SOLE "6,500.00"
D ConocoPhillips Com 20825C104 15839 19574 SH SOLE "19,574.00"
D "Consolidated Edison" Com 209115104 1677 3200 SH SOLE "3,200.00"
D Constellation Energy Grp Com 210371100 1652 2200 SH SOLE "2,200.00"
D Contifinancial Corp Liq Tr21075M107 142 114846 SH SOLE "114,846.04"
D Convergys Corp Com 212485106 1045 5100 SH SOLE "5,100.00"
D Copano Energy LLC Com Stk 217202100 292 4900 SH SOLE "4,900.00"
D "Core Mark Holding Inc." Com 218681104 4446 70800 SH SOLE "70,800.00"
D Core Molding Technologies Com 218683100 135 14000 SH SOLE "14,000.00"
D "Corning, Inc." Common Stock 219350105 1982 15700 SH SOLE "15,700.00"
D Corporate Office Prop Com REIT 22002T108 3392 50300 SH SOLE "50,300.00"
D "CORUS BANKSHARES" Com 220873103 272 1900 SH SOLE "1,900.00"
D Costco Wholesale Corp Com 22160K105 1167 2700 SH SOLE "2,700.00"
D Crane Company Common Stock 224399105 263 2800 SH SOLE "2,800.00"
D "Crosstex Energy" Com Stk 22765Y104 -86 -900 SH SOLE -900.00
D "Crosstex Energy" Com Stk 22765Y104 942 27675 SH SOLE "27,675.00"
D "Cummins" Com 231021106 1175 700 SH SOLE 700.00
D "Cytec Industries Inc." Com 232820100 390 1300 SH SOLE "1,300.00"
D "DCT Ind Trust" Com Stk 233153105 1083 68800 SH SOLE "68,800.00"
D "D J O, Inc." 23325G104 231 1600 SH SOLE "1,600.00"
D "D P L, Inc." 233293109 262 2400 SH SOLE "2,400.00"
D D T E Energy 233331107 1301 2300 SH SOLE "2,300.00"
D "D X P ENTERPRISES" Com 233377407 6486 98600 SH SOLE "98,600.00"
D Danaher Corporation Com 235851102 2240 4400 SH SOLE "4,400.00"
D "Darden Restaurants, Inc." Com 237194105 573 1800 SH SOLE "1,800.00"
D Darwin Prof Underwrite Com 237502109 12411 281941 SH SOLE "281,941.00"
D Dean Foods Company Com 242370104 817 2000 SH SOLE "2,000.00"
D Deere & Company 244199105 723 1200 SH SOLE "1,200.00"
D Del Monte Corporation 24522P103 656 23400 SH SOLE "23,400.00"
D "Dell, Inc." 24702R101 4767 26800 SH SOLE "26,800.00"
D Developers Div Rlty REIT 251591103 12221 143400 SH SOLE "143,400.00"
D Devon Energy Corp Com 25179M103 1321 3300 SH SOLE "3,300.00"
D DiamondRock Hospitality Co.252784301 393 21800 SH SOLE "21,800.00"
D "Dillard's, Inc." Common  254067101 493 1300 SH SOLE "1,300.00"
D "DIODES, INC." Common Stock 254543101 286 1250 SH SOLE "1,250.00"
D "Directed Electronics 254575MM2 9906 155488 SH SOLE "155,488.00"
D "DIRECTV GROUP" Com Stk 25459L106 547 21920 SH SOLE "21,920.00"
D Walt Disney Company 254687106 11289 26300 SH SOLE "26,300.00"
D Distributed Energy Systems  25475V104 50 14000 SH SOLE "14,000.00"
D "Dollar Tree Stores, Inc." 256747106 496 7500 SH SOLE "7,500.00"
D "Dominion Resources, Inc." 25746U109 1911 2300 SH SOLE "2,300.00"
D Doskocil Manufacturing 258487107 1334 108000 SH SOLE "108,000.00"
D "Douglas Emmett Com REIT 25960P109 3693 104100 SH SOLE "104,100.00"
D Dover Corporation 260003108 958 2500 SH SOLE "2,500.00"
D Dow Chemical Company Com 260543103 17101 11400 SH SOLE "11,400.00"
D E I du Pont de Nemours Com 263534109 4390 10900 SH SOLE "10,900.00"
D Duke Realty Corporation Com REIT 264411505 452 4400 SH SOLE "4,400.00"
D Duke Energy Corporation 26441C105 5391 14864 SH SOLE "14,864.00"
D Dun & Bradsheet Corp Com 26483E100 248 500 SH SOLE 500.00
D E C C Capital REIT 26826M108 2473 1800000 SH SOLE "1,800,000.00"
D E M C Corporation Com 268648102 2598 27100 SH SOLE "27,100.00"
D E O G Resources Com 26875P101 550 1300 SH SOLE "1,300.00"
D E*Trade Financial Corp. 269246104 482 2900 SH SOLE "2,900.00"
D "EAGLE MATERIALS, INC."  26969P108 278 800 SH SOLE 800.00
D "EARTHLINK, INC."  270321102 93 3100 SH SOLE "3,100.00"
D Eastman Kodak Company Com 277461109 2038 8000 SH SOLE "8,000.00"
D Eaton Corporation  278058102 2301 2900 SH SOLE "2,900.00"
D "Ebay, Inc."  278642103 2928 13700 SH SOLE "13,700.00"
D "Ecolab, Inc." Common Stock 278865100 522 1200 SH SOLE "1,200.00"
D Edison International Com 281020107 2897 5700 SH SOLE "5,700.00"
D "A G Edwards, Inc." Com 281760108 317 1100 SH SOLE "1,100.00"
D El Paso Corporation Com 28336L109 1375 0 SH SOLE .00
D "Electronic Arts, Inc." Com 285512109 512 1100 SH SOLE "1,100.00"
D Electronic Data Sys  285661104 1577 6000 SH SOLE "6,000.00"
D "Perry Ellis Intl, Inc." Com 288853104 271 6600 SH SOLE "6,600.00"
D Embarq Corporation Com 29078E105 1273 1796 SH SOLE "1,796.00"
D EMDEON CORP. Com 290849108 197 4100 SH SOLE "4,100.00"
D Emerson Electric Company  291011104 3220 9800 SH SOLE "9,800.00"
D "Endo Pharm Hldgs, Inc." Com 29264F205 231 1500 SH SOLE "1,500.00"
D Energy East Corporation Com 29266M109 237 4100 SH SOLE "4,100.00"
D "EnergySouth, Inc." Com 292970100 261 6500 SH SOLE "6,500.00"
D "Ennis, Inc." Com 293389102 323 13200 SH SOLE "13,200.00"
D "Entegris, Inc." Com 29362U104 2683 131500 SH SOLE "131,500.00"
D Entergy Corporation Com 29364G103 12392 2700 SH SOLE "2,700.00"
D "Enzon, Inc." Com 293904108 1460 90300 SH SOLE "90,300.00"
D "Equifax, Inc." Com 294429105 1073 2300 SH SOLE "2,300.00"
D Equity Office Prop REIT 294741103 15698 238084 SH SOLE "238,084.00"
D Equity Residential REIT 29476L107 10509 134951 SH SOLE "134,951.00"
D Exar Corporation Common Stock 300645108 650 26300 SH SOLE "26,300.00"
D Exelon Corporation  30161N101 1970 5300 SH SOLE "5,300.00"
D "Expedia, Inc." Common Stock 30212P105 259 4800 SH SOLE "4,800.00"
D "Express Scripts, Inc."  302182100 823 1700 SH SOLE "1,700.00"
D "Extra Space Storage REIT 30225T102 2847 116500 SH SOLE "116,500.00"
D Exxon Corporation Com30231G102 78690 64800 SH SOLE "64,800.00"
D F M C Corporation Com 302491303 322 1200 SH SOLE "1,200.00"
D "F P L Group, Inc." Com 302571104 3056 4800 SH SOLE "4,800.00"
D Family Dollar Stores Com 307000109 1035 4000 SH SOLE "4,000.00"
D FHLMC Com 313400301 5161 7800 SH SOLE "7,800.00"
D FNMA Com 313586109 7686 10900 SH SOLE "10,900.00"
D "Federated Dept Stores" Com 31410H101 3182 6392 SH SOLE "6,392.00"
D Fidelity National Information 31620M106 537 1100 SH SOLE "1,100.00"
D Fieldstone Mtg REIT 31659U300 10050 1750000 SH SOLE "1,750,000.00"
D Fifth Third Bancorp Com 316773100 2859 6700 SH SOLE "6,700.00"
D "Finish Master, Inc." Com 31787P108 423 500 SH SOLE 500.00
D FIRST BANCORP PUERTO RICO Com 318672102 125 4300 SH SOLE "4,300.00"
D FIRST CASH FINANCIAL SERVICES 31942D107 466 18000 SH SOLE "18,000.00"
D First Data Corporation  319963104 948 5200 SH SOLE "5,200.00"
D FIRST HORIZON NATIONAL CORP.  320517105 577 1100 SH SOLE "1,100.00"
D First Marblehead Corporation  320771108 327 600 SH SOLE 600.00
D FIRST MERCURY FINANCIAL CORP.  320841109 325 7400 SH SOLE "7,400.00"
D First Potomac Realty TrREIT 33610F109 3467 89273 SH SOLE "89,273.00"
D "Fiserv, Inc." 337738108 784 2300 SH SOLE "2,300.00"
D FirstEnergy Corporation  337932107 2874 4500 SH SOLE "4,500.00"
D "Force Protection, Inc."  345203202 958 5000 SH SOLE "5,000.00"
D Ford Motor Company  345370860 1734 22100 SH SOLE "22,100.00"
D "Forest Laboratories, Inc."  345838106 2247 5900 SH SOLE "5,900.00"
D "Forrester Resh, Inc."  346563109 3890 76500 SH SOLE "76,500.00"
D Franklin Resources  354613101 923 800 SH SOLE 800.00
D Friedman Billings Ramsey-A REIT 358434108 8000 800000 SH SOLE "800,000.00"
D Gale Force CLO Ltd  CDO 363204207 833 10000 SH SOLE "10,000.00"
D "Gannett Company, Inc."  364730101 1928 2800 SH SOLE "2,800.00"
D "Gap, Inc."  364760108 1296 6900 SH SOLE "6,900.00"
D "Gardner Denver, Inc."  365558105 887 6900 SH SOLE "6,900.00"
D "Gartner Group, Inc."  366651107 8868 238800 SH SOLE "238,800.00"
D General Dynamics Corp.  369550108 4214 4800 SH SOLE "4,800.00"
D General Electric Company  369604103 37324 113000 SH SOLE "113,000.00"
D General Growth Properties REIT 370021107 12540 179037 SH SOLE "179,037.00"
D "General Mills, Inc." 370334104 3502 5200 SH SOLE "5,200.00"
D General Motors Corp  370442105 3420 9700 SH SOLE "9,700.00"
D "Genlyte Group, Inc."  372302109 998 3290 SH SOLE "3,290.00"
D "GenTek, Inc."  37245X203 1835 11061 SH SOLE "11,061.00"
D "Geo Specialty Chemicals, Inc."  37246R106 0 23750 SH SOLE "23,750.00"
D "GENWORTH FINANCIAL, INC." Class A 37247D106 2074 5400 SH SOLE "5,400.00"
D Genzyme Corp  372917104 363 1000 SH SOLE "1,000.00"
D Georgia Gulf Corp 373200203 114 1900 SH SOLE "1,900.00"
D "Gilead Sciences, 375558103 1338 3100 SH SOLE "3,100.00"
D Global Industries Ltd  379336100 669 50000 SH SOLE "50,000.00"
D "Goldman Sachs Group, Inc." 38141G104 9050 5300 SH SOLE "5,300.00"
D Goodyear Tire & Rubber Company  382550101 580 25000 SH SOLE "25,000.00"
D "GOOGLE, INC."  Class A 38259P508 6852 2300 SH SOLE "2,300.00"
D "Grainger W W, Inc."  384802104 435 600 SH SOLE 600.00
D "Great Plains Energy, Inc."  391164100 703 8700 SH SOLE "8,700.00"
D H M S Holdings Corp. 40425J101 5134 180600 SH SOLE "180,600.00"
D H R P T PROPERTIES TRUST  REIT 40426W101 216 7100 SH SOLE "7,100.00"
D HALLIBURTON COMPANY  406216101 3440 13600 SH SOLE "13,600.00"
D "Harley-Davidson, Inc."  412822108 1672 3000 SH SOLE "3,000.00"
D "Harleysville Group, Inc."  412824104 317 9100 SH SOLE "9,100.00"
D Hartford Financial Svcs Group  416515104 4342 3600 SH SOLE "3,600.00"
D "Hasbro, Inc." 418056107 1586 5200 SH SOLE "5,200.00"
D "Health Care REIT, Inc."REIT 42217K106 2981 51700 SH SOLE "51,700.00"
D "Hearst-Argyle Television, 422317107 277 4300 SH SOLE "4,300.00"
D Heelys Inc  42279M107 478 5000 SH SOLE "5,000.00"
D Heinz H J Company  423074103 1664 4000 SH SOLE "4,000.00"
D "Hercules, Inc." 427056106 1075 8400 SH SOLE "8,400.00"
D Hewlett-Packard Company  428236103 14113 32400 SH SOLE "32,400.00"
D HIGHLAND HOSPITALITY  REIT 430141101 187 13100 SH SOLE "13,100.00"
D Hillenbrand Industries  431573104 402 1700 SH SOLE "1,700.00"
D Hilton Hotels Corporation  432848109 626 3000 SH SOLE "3,000.00"
D Hittite Microwave Corp. 43365Y104 4527 74567 SH SOLE "74,567.00"
D HOLLY CORPORATION  435758305 634 1000 SH SOLE "1,000.00"
D "Home Depot, Inc."  437076102 5203 20400 SH SOLE "20,400.00"
D "Honeywell International 438516106 13950 11800 SH SOLE "11,800.00"
D Hospitality Properties TrustREIT 44106M102 371 3300 SH SOLE "3,300.00"
D "Host Hotels & Resorts, Inc."  44107P104 7912 208591 SH SOLE "208,591.00"
D "Humana, Inc."  444859102 727 2100 SH SOLE "2,100.00"
D "Huntington Bancshares, Inc."  446150104 692 2700 SH SOLE "2,700.00"
D IAC/InterActiveCorp 44919P300 282 2700 SH SOLE "2,700.00"
D I P G Photonics Corp.  44980X109 240 5300 SH SOLE "5,300.00"
D "I M S Health, Inc."  449934108 1956 6700 SH SOLE "6,700.00"
D "I T C\DeltaCom, Inc."  45031T872 82 5583 SH SOLE "5,583.00"
D "Istar Financial, Inc."  REIT 45031U101 501 3900 SH SOLE "3,900.00"
D "ITT EDUCATIONAL SERVICES"  45068B109 210 1100 SH SOLE "1,100.00"
D I T T Corporation  450911102 1011 1400 SH SOLE "1,400.00"
D "Illinois Tool Works, Inc."  452308109 527 1900 SH SOLE "1,900.00"
D "Immucor, Inc."  452526106 623 3150 SH SOLE "3,150.00"
D "IMPAC MORTGAGE HLDGS,"  REIT 45254P102 118 4400 SH SOLE "4,400.00"
D Incyte Corp. 45337C102 93 2600 SH SOLE "2,600.00"
D Indymac Mortgage Holdings 456607100 330 1400 SH SOLE "1,400.00"
D "Ingram Micro, Inc." 457153104 203 4000 SH SOLE "4,000.00"
D "Integrated Device Tech, Inc."458118106 421 5400 SH SOLE "5,400.00"
D Intel Corporation  458140100 8579 62100 SH SOLE "62,100.00"
D I B M Corporation  459200101 13998 17600 SH SOLE "17,600.00"
D Intl Flavors & Fragrances  459506101 1078 2200 SH SOLE "2,200.00"
D "Intuit, Inc."  461202103 922 4400 SH SOLE "4,400.00"
D IShares Trust ETF Equity 464287598 5210 3000 SH SOLE "3,000.00"
D IShares Trust ETF Equity 464287622 40038 28000 SH SOLE "28,000.00"
D J P Morgan Chase & Co.  46625H100 22550 39600 SH SOLE "39,600.00"
D "Jackson Products, Inc."  468694104 0 1424 SH SOLE "1,424.00"
D "James River Group, Inc." 470359100 4271 70446 SH SOLE "70,446.00"
D JetBlue Airways Corporation  477143101 -137 -3850 SH SOLE "-3,850.00"
D JetBlue Airways Corp 477143101 24839 1624885 SH SOLE "1,624,884.74"
D Johnson & Johnson  478160104 16625 32900 SH SOLE "32,900.00"
D "Johnson Controls, Inc."  478366107 1730 2200 SH SOLE "2,200.00"
D "Jones Apparel Group, Inc."  480074103 1554 5100 SH SOLE "5,100.00"
D "Jones Lang Lasalle, Inc."REIT 48020Q107 394 3600 SH SOLE "3,600.00"
D Jones Soda Co.  48023P106 8943 387400 SH SOLE "387,400.00"
D "Juniper Networks, Inc."  48203R104 555 4800 SH SOLE "4,800.00"
D "K & F Industries, Inc."  482241106 3213 75400 SH SOLE "75,400.00"
D K L A -Tencor Corp 482480100 753 1800 SH SOLE "1,800.00"
D Kaman Corp 483548103 2646 59600 SH SOLE "59,600.00"
D KEMET Corp 488360108 134 2800 SH SOLE "2,800.00"
D Keycorp  493267108 2776 4800 SH SOLE "4,800.00"
D KeySpan Gas East Corp 49337W100 830 1400 SH SOLE "1,400.00"
D "Keystone North America Cl B 2/07 493525208 649 45835 SH SOLE "45,834.86"
D Kilroy Realty Corp REIT 49427F108 1212 10926 SH SOLE "10,926.00"
D Kimberly-Clark Corp 494368103 3316 5500 SH SOLE "5,500.00"
D Kimco Realty Corp ComREIT 49446R109 7256 120940 SH SOLE "120,940.00"
D "Kinder Morgan, Inc."  49455P101 1274 1800 SH SOLE "1,800.00"
D "King Pharmaceuticals, Inc." 495582108 709 3100 SH SOLE "3,100.00"
D Kohl's Corporation  500255104 2868 5300 SH SOLE "5,300.00"
D "Kraft Foods, Inc." 50075N104 10894 5700 SH SOLE "5,700.00"
D Kroger Company  501044101 2250 9300 SH SOLE "9,300.00"
D L S I Logic Corp 502161102 1399 16700 SH SOLE "16,700.00"
D "L-3 Communications Hldgs, 502424104 1238 1000 SH SOLE "1,000.00"
D Laboratory Corp. of America 50540R409 1264 2500 SH SOLE "2,500.00"
D "Ladish Company, Inc."  505754200 267 3600 SH SOLE "3,600.00"
D "Lake Shore Bancorp, Inc.  510700107 416 17500 SH SOLE "17,500.00"
D "Lakeland Industries, Inc. 511795106 2125 84021 SH SOLE "84,021.00"
D Lam Research Corporation  512807108 205 4040 SH SOLE "4,040.00"
D "Estee Lauder Companies, Class A 518439104 344 900 SH SOLE 900.00
D "Leggett & Platt, Inc."  524660107 519 2400 SH SOLE "2,400.00"
D "Legg Mason, Inc."  524901105 352 800 SH SOLE 800.00
D "Lehman Brothers Holdings "  524908100 5799 7400 SH SOLE "7,400.00"
D "Level 3 Communications, Inc."  52729N100 79 14120 SH SOLE "14,120.00"
D "Lexmark International, Inc." 29771107 2223 3200 SH SOLE "3,200.00"
D "LIBERTY GLOBAL, INC." Series C 530555309 854 30489 SH SOLE "30,489.00"
D Liberty Media Holding Corp. Cap A  53071M302 855 3500 SH SOLE "3,500.00"
D Liberty Property LP  REIT 531172104 367 1800 SH SOLE "1,800.00"
D Eli Lilly and Company  532457108 3312 8600 SH SOLE "8,600.00"
D Lincoln Electric Holdings  533900106 301 4500 SH SOLE "4,500.00"
D Lincoln National Corporation   534187109 3724 5106 SH SOLE "5,106.00"
D "Liz Claiborne, Inc." 539320101 814 1600 SH SOLE "1,600.00"
D Lockheed Martin Corp 539830109 3931 5100 SH SOLE "5,100.00"
D Lodgenet Entertainment Corp. 540211109 4005 104306 SH SOLE "104,306.00"
D Loews Corp 540424108 2773 5400 SH SOLE "5,400.00"
D Loews Corp 540424207 685 4400 SH SOLE "4,400.00"
D Loral Space & Com 543881106 159 1300 SH SOLE "1,300.00"
D Loral Space & Com 543881106 4841 83857 SH SOLE "83,857.00"
D "Lowe's Companies, Inc."  548661107 2504 13500 SH SOLE "13,500.00"
D Lubrizol Corporation  549271104 216 1300 SH SOLE "1,300.00"
D Lyondell Chemical Co 552078107 712 10800 SH SOLE "10,800.00"
D M & T Bank Corp Com 55261F104 1140 800 SH SOLE 800.00
D "M B I A, Inc."  55262C100 1884 2500 SH SOLE "2,500.00"
D "M D U Resources Group, Inc."  552690109 345 3100 SH SOLE "3,100.00"
D "M F R I, Inc."  552721102 9442 255582 SH SOLE "255,582.00"
D M G I C Investment Corp 552848103 758 1700 SH SOLE "1,700.00"
D M S C Software Corp. Com 553531104 2589 91000 SH SOLE "91,000.00"
D "M V C Capital, Inc." Com 553829102 4235 168900 SH SOLE "168,900.00"
D "MWI Veterinary Supply"  55402X105 9638 159000 SH SOLE "159,000.00"
D Mac-Gray Corporation  554153106 3978 225000 SH SOLE "225,000.00"
D "Maguire Properties REIT 559775101 1228 24300 SH SOLE "24,300.00"
D "Magyar Bancorp, Inc."  55977T109 945 36700 SH SOLE "36,700.00"
D "Manitowoc Company, Inc."  563571108 204 700 SH SOLE 700.00
D "Manor Care, Inc."  564055101 295 900 SH SOLE 900.00
D "Manpower, Inc."  56418H100 579 2600 SH SOLE "2,600.00"
D Marathon Oil  565849106 6393 5100 SH SOLE "5,100.00"
D MARINE PRODUCTS   568427108 3076 139500 SH SOLE "139,500.00"
D Markel Corp 570535104 4465 200 SH SOLE 200.00
D "Marsh & McLennan Co, Inc."  571748102 2190 6400 SH SOLE "6,400.00"
D Marshall & Ilsley Corp.  571834100 1632 3000 SH SOLE "3,000.00"
D "Marriott International,Class A 571903202 239 400 SH SOLE 400.00
D Masco Corporation  574599106 1211 4900 SH SOLE "4,900.00"
D "Mattel, Inc."  577081102 2383 9800 SH SOLE "9,800.00"
D Maxim Integrated Products  57772K101 289 1800 SH SOLE "1,800.00"
D "McClatchy Newspapers, Inc." 579489105 231 2365 SH SOLE "2,365.00"
D "McCormick & Company, Inc."  579780206 524 1600 SH SOLE "1,600.00"
D McDonald's Corporation  580135101 8330 14500 SH SOLE "14,500.00"
D "McGraw-Hill Companies, Inc."  580645109 2491 5100 SH SOLE "5,100.00"
D McKesson Corporation  58155Q103 2576 5800 SH SOLE "5,800.00"
D "Medco Health Solutions, Inc."  58405U102 939 1800 SH SOLE "1,800.00"
D "Medtronic, Inc."  585055106 3681 10100 SH SOLE "10,100.00"
D Melco PBL Entertainment ADR 585464100 255 4000 SH SOLE "4,000.00"
D Mellon Financial Corp 58551A108 1377 4500 SH SOLE "4,500.00"
D "Merck & Co., Inc."  589331107 14161 26000 SH SOLE "26,000.00"
D Meredith Corporation  589433101 275 600 SH SOLE 600.00
D "Merit Med Sys, Inc."  589889104 9024 -800 SH SOLE -800.00
D "Merrill Lynch & Company 590188108 9918 10900 SH SOLE "10,900.00"
D "METAL MANAGEMENT, INC."  591097209 466 2800 SH SOLE "2,800.00"
D "Metlife, Inc." 59156R108 5913 10300 SH SOLE "10,300.00"
D Microsoft Corp 594918104 20438 96100 SH SOLE "96,100.00"
D "Micron Technolgy, Inc." 595112103 366 4500 SH SOLE "4,500.00"
D "MICRONETICS, INC." 595125105 304 5700 SH SOLE "5,700.00"
D "Microtek Medical Hldgs, Inc."59515B109 136 29600 SH SOLE "29,600.00"
D Midcap SPDR Trust Series 1 ETF Equity 595635103 35687 300 SH SOLE 300.00
D "Molex, Inc."  608554101 339 1100 SH SOLE "1,100.00"
D Molson Coors Brewing  60871R209 1432 1800 SH SOLE "1,800.00"
D Monaco Coach Corp.  60886R103 3625 136400 SH SOLE "136,400.00"
D Monsanto Company  61166W101 1497 4000 SH SOLE "4,000.00"
D Moody's Corporation  615369105 1064 2100 SH SOLE "2,100.00"
D Morgan Stanley  617446448 12855 13100 SH SOLE "13,100.00"
D "Motorola, Inc."  620076109 3538 23800 SH SOLE "23,800.00"
D Mylan Laboratories  628530107 421 2500 SH SOLE "2,500.00"
D N C R Corporation  62886E108 956 2400 SH SOLE "2,400.00"
D "N R G Energy, Inc."  629377508 1717 30000 SH SOLE "30,000.00"
D "N T L, Inc." 62941W101 687 16150 SH SOLE "16,150.00"
D "N T L, Inc."  62941W101 3052 18834 SH SOLE "18,834.00"
D "Nymex Holdings, Inc.  62948N104 558 1500 SH SOLE "1,500.00"
D National City Corporation  635405103 3908 7100 SH SOLE "7,100.00"
D "National Oilwell Varco, Inc."  637071101 929 2300 SH SOLE "2,300.00"
D National Semiconductor Corp.  637640103 634 4300 SH SOLE "4,300.00"
D "Nationwide Financial Svcs, Inc"  638612101 278 1900 SH SOLE "1,900.00"
D "Nationwide Health PPTYS REIT 638620104 4467 110800 SH SOLE "110,800.00"
D "Network Appliance, Inc."  64120L104 1280 4700 SH SOLE "4,700.00"
D "Network Computing Devices, Inc"  64120N100 0 62636 SH SOLE "62,636.00"
D NEW CENTURY FINANCIAL CORP.  REIT 6435EV108 6623 1600 SH SOLE "1,600.00"
D New York Community Bancorp  649445103 182 4800 SH SOLE "4,800.00"
D Newcastle Investment Corp.  REIT 65105M108 200 6400 SH SOLE "6,400.00"
D "Newell Rubbermaid, Inc."  651229106 800 3600 SH SOLE "3,600.00"
D Newmont Mining  651639106 1517 2300 SH SOLE "2,300.00"
D News Corporation Ltd  65248E104 3406 19200 SH SOLE "19,200.00"
D "Newtek Business Sevs Restricted 652526104 60 18000 SH SOLE "18,000.00"
D "Nicor, Inc." 654086107 879 2700 SH SOLE "2,700.00"
D "Nike, Inc."  654106103 920 1200 SH SOLE "1,200.00"
D "Nisource, Inc."  65473P105 761 2100 SH SOLE "2,100.00"
D "Nordstrom, Inc."  655664100 535 5200 SH SOLE "5,200.00"
D Norfolk Southern Railway Corp.655844108 2433 5100 SH SOLE "5,100.00"
D Northrop-Grumman Corp 666807102 3140 4100 SH SOLE "4,100.00"
D NorthStar Realty Finance REIT 66704R100 3552 160611 SH SOLE "160,611.00"
D Nu Horizons Electronics Corp.  669908105 4198 217200 SH SOLE "217,200.00"
D "NOVASTAR FINANCIAL, INC." REIT 669947400 19036 550000 SH SOLE "550,000.00"
D "Novatel, Inc."  669954109 606 3000 SH SOLE "3,000.00"
D "Novellus Systems, Inc." 670008101 2019 6400 SH SOLE "6,400.00"
D N S T A R  67019E107 11187 2900 SH SOLE "2,900.00"
D Nucor Corporation  670346105 3649 5600 SH SOLE "5,600.00"
D Nutraceutical Intl Corp.  67060Y101 230 15000 SH SOLE "15,000.00"
D NVIDIA Corporation  67066G104 1218 4200 SH SOLE "4,200.00"
D O G E Energy Corporation  670837103 337 3500 SH SOLE "3,500.00"
D OYO GOESPACE CORP  671074102 12460 114300 SH SOLE "114,300.00"
D Occidental Petroleum Corp.  674599105 5817 10200 SH SOLE "10,200.00"
D "Office Depot, Inc."  676220106 1843 6200 SH SOLE "6,200.00"
D "OFFICEMAX, INC."  67622P101 642 900 SH SOLE 900.00
D Old Republic Intl Corporation  680223104 339 5387 SH SOLE "5,387.00"
D "Omnicom Group, Inc." 681919106 2120 2800 SH SOLE "2,800.00"
D "OmniVision Technologies, Inc."  682128103 187 2600 SH SOLE "2,600.00"
D ON Semiconductor Corporation 682189105 148 6100 SH SOLE "6,100.00"
D "Oneok, Inc."  682680103 545 5100 SH SOLE "5,100.00"
D "Opteum, Inc."  REIT Class A 68384A100 5928 600000 SH SOLE "600,000.00"
D Oracle Systems Corporation  68389X105 6516 49800 SH SOLE "49,800.13"
D Orbital Sciences Corp.  685564106 1405 3700 SH SOLE "3,700.00"
D Oshkosh Truck Corporation  688239201 331 3000 SH SOLE "3,000.00"
D Overseas Shipholding Group  690368105 351 2000 SH SOLE "2,000.00"
D P G & E Corporation  69331C108 3166 6100 SH SOLE "6,100.00"
D "P M I Group, Inc."  69344M101 416 3900 SH SOLE "3,900.00"
D P N C Finl Services Group 693475105 2891 3400 SH SOLE "3,400.00"
D "P P G Industries, Inc."  693506107 1311 2000 SH SOLE "2,000.00"
D P P L Corporation  69351T106 1684 4900 SH SOLE "4,900.00"
D "Paccar, Inc." 693718108 308 500 SH SOLE 500.00
D Pactiv Corporation  695257105 1453 5100 SH SOLE "5,100.00"
D Pall Corporation  696429307 734 1500 SH SOLE "1,500.00"
D Parker-Hannifin Corporation  701094104 1854 2800 SH SOLE "2,800.00"
D "Paychex, Inc."  704326107 1165 4300 SH SOLE "4,300.00"
D "Penney (JC) Company, Inc."  708160106 1866 2900 SH SOLE "2,900.00"
D Pennsylvania REIT  REIT 709102107 2867 54600 SH SOLE "54,600.00"
D "Pepco Holdings, Inc."  713291102 324 5400 SH SOLE "5,400.00"
D "Pepsi Bottling Group, Inc."  713409100 498 1700 SH SOLE "1,700.00"
D "PepsiAmericas, Inc."  71343P200 73 1400 SH SOLE "1,400.00"
D "PepsiAmericas, Inc." 71343P200 12888 92145 SH SOLE "92,145.00"
D "Pepsico, Inc."  713448108 12936 16700 SH SOLE "16,700.00"
D "Perficient, Inc."  71375U101 581 4200 SH SOLE "4,200.00"
D "Perkinelmer, Inc." 714046109 424 1700 SH SOLE "1,700.00"
D "Pfizer, Inc." 717081103 28745 82000 SH SOLE "82,000.00"
D Phelps Dodge Corporation  717265102 3982 2400 SH SOLE "2,400.00"
D Philadelphia Consolidated  717528103 311 1700 SH SOLE "1,700.00"
D Pinnacle West Capital  723484101 1156 2100 SH SOLE "2,100.00"
D "Pitney Bowes, Inc."  724479100 1097 2800 SH SOLE "2,800.00"
D "Plum Creek Timber Co. REIT 729251108 607 1300 SH SOLE "1,300.00"
D POOL CORPORATION  73278L105 313 4000 SH SOLE "4,000.00"
D "Popular, Inc."  733174106 304 7000 SH SOLE "7,000.00"
D "POWELL INDUSTRIES, INC." 739128106 7851 132500 SH SOLE "132,500.00"
D "Praxair, Inc."  74005P104 734 1400 SH SOLE "1,400.00"
D Precision Castparts Corp.  740189105 405 2100 SH SOLE "2,100.00"
D Preferred Bank Los Angeles  740367107 204 3400 SH SOLE "3,400.00"
D Prime Succession Acq Co.  741572101 0 228575 SH SOLE "228,575.26"
D Principal Financial Group  74251V102 2158 3100 SH SOLE "3,100.00"
D Procter & Gamble Company  742718109 30847 35218 SH SOLE "35,218.00"
D "Progress Energy, Inc."  743263105 1754 3400 SH SOLE "3,400.00"
D Progressive Corporation  743315103 2040 8100 SH SOLE "8,100.00"
D "Prosperity Bancshares, Inc."  743606105 214 6200 SH SOLE "6,200.00"
D "Prudential Financial, Inc."  744320102 6446 6700 SH SOLE "6,700.00"
D Psychemedics Corp.  744375205 793 800 SH SOLE 800.00
D Public Svc Enterprise Group  744573106 2372 3200 SH SOLE "3,200.00"
D "Public Storage, Inc."  REIT 74460D109 7536 57294 SH SOLE "57,294.00"
D "Puget Energy, Inc."  745310102 224 3300 SH SOLE "3,300.00"
D "Pyramid Breweries, Inc."  747135101 108 11600 SH SOLE "11,600.00"
D "Qualcom, Inc." 747525103 4002 16500 SH SOLE "16,500.00"
D "Quality Distribution, Inc."  74756M102 3404 136224 SH SOLE "136,224.00"
D "Quest Diagnostic, Inc."  74834L100 908 2200 SH SOLE "2,200.00"
D Qwest Communications Intl  749121109 2345 18700 SH SOLE "18,700.00"
D "R H Donnelley, Inc." 74955W307 171 1100 SH SOLE "1,100.00"
D "R P C, INC."  749660106 2870 1050 SH SOLE "1,050.00"
D RADYNE CORP  750611402 1017 49400 SH SOLE "49,400.00"
D Ramco-Gershenson Prop REIT 751452202 1651 32500 SH SOLE "32,500.00"
D "Rayonier, Inc."  REIT 754907103 292 1600 SH SOLE "1,600.00"
D Raytheon Company  755111507 4007 7300 SH SOLE "7,300.00"
D "R B C Bearings, Inc."  75524B104 5115 95079 SH SOLE "95,079.00"
D Realogy Corp.  REIT 75605E100 509 2575 SH SOLE "2,575.00"
D "Realnetworks, Inc."  75605L104 246 2300 SH SOLE "2,300.00"
D Regency Centers Corp REIT 758849103 8538 78642 SH SOLE "78,642.00"
D REGIONS FINANCIAL CORP.  7591EP100 4123 8597 SH SOLE "8,597.42"
D "Rent-A-Center, Inc."  76009N100 266 1600 SH SOLE "1,600.00"
D "REYNOLDS AMERICAN, INC."  761713106 1698 2100 SH SOLE "2,100.00"
D Rite Aid Corporation 767754104 221 13600 SH SOLE "13,600.00"
D Rock-Tenn Company  Class A 772739207 2733 100000 SH SOLE "100,000.00"
D "Rockwell Automation, Inc."  773903109 584 1200 SH SOLE "1,200.00"
D "Rockwell Collins, Inc."  774341101 873 2000 SH SOLE "2,000.00"
D "Rogers Communications, Class B 775109200 366 2633 SH SOLE "2,632.79"
D Rohm and Haas Company  775371107 1177 1900 SH SOLE "1,900.00"
D "Russell-Stanley Holding, Inc."  782676100 0 98000 SH SOLE "98,000.00"
D "Ryder System, Inc."  783549108 1597 3100 SH SOLE "3,100.00"
D S L Green Realty Corp.  REIT 78440X101 11673 65891 SH SOLE "65,891.00"
D S L M Corporation  78442P106 1714 4900 SH SOLE "4,900.00"
D S P X Corporation  784635104 414 2300 SH SOLE "2,300.00"
D Sabre Holdings Corp  785905100 1265 4000 SH SOLE "4,000.00"
D Safeco Corporation  786429100 1963 2600 SH SOLE "2,600.00"
D "Safeguard Scientifics, Inc."  786449108 91 4100 SH SOLE "4,100.00"
D "Saftey Insurance Group, Inc."  78648T100 350 800 SH SOLE 800.00
D "Safeway, Inc." 786514208 2268 5700 SH SOLE "5,700.00"
D "Saint Paul Travelers Cos 792860108 7120 9922 SH SOLE "9,922.00"
D Sally Beauty Co.  79546E104 507 40000 SH SOLE "40,000.00"
D Samsonite Corp  79604V105 19932 7811250 SH SOLE "7,811,249.88"
D Sandisk Corp.  80004C101 366 1400 SH SOLE "1,400.00"
D Sara Lee Corp  803111103 2171 15800 SH SOLE "15,800.00"
D "Savient Pharmaceuticals 80517Q100 240 21400 SH SOLE "21,400.00"
D Scana Corp  80589M102 244 1900 SH SOLE "1,900.00"
D Schering-Plough Corp  806605101 1678 11201 SH SOLE "11,201.00"
D Schlumberger Limited  806857108 5021 13200 SH SOLE "13,200.00"
D Schwab Charles Corp 808513105 874 6400 SH SOLE "6,400.00"
D Scripps E W Company  811054204 335 900 SH SOLE 900.00
D "Seacor Smit, Inc."  811904101 677 2400 SH SOLE "2,400.00"
D Sealed Air Corporation  81211K100 702 1100 SH SOLE "1,100.00"
D SEARS HOLDINGS CORP.  812350106 3255 1700 SH SOLE "1,700.00"
D Semiconductor Comp Grp ETF 816636203 -14912 -25400 SH SOLE "-25,400.00"
D Sempra Energy 816851109 2585 4300 SH SOLE "4,300.00"
D Service Corp Intl  817565104 190 7900 SH SOLE "7,900.00"
D Sherwin-Williams Company  824348106 1297 2400 SH SOLE "2,400.00"
D Sigma-Aldrich Corporation  826552101 839 900 SH SOLE 900.00
D "Simon Property Group REIT 828806109 16334 115094 SH SOLE "115,094.00"
D Snap-On Common Stock 833034101 534 700 SH SOLE 700.00
D Sonoco Products Company  835495102 627 7000 SH SOLE "7,000.00"
D Southern Company Com Stock 842587107 3762 8800 SH SOLE "8,800.00"
D SOUTHERN COPPER CORP.  84265V105 10509 400 SH SOLE 400.00
D Southern Union Company 844030106 134 130 SH SOLE 130.00
D Southwest Airlines Company  844741108 362 3900 SH SOLE "3,900.00"
D Sprint Nextel Corporation  852061100 3355 27135 SH SOLE "27,135.00"
D Standard Parking Corp 853790103 7297 101078 SH SOLE "101,078.00"
D STANLEY WORKS  854616109 288 1000 SH SOLE "1,000.00"
D "Staples, Inc."  855030102 1086 5100 SH SOLE "5,100.00"
D Starbucks Corporation  855244109 1256 5000 SH SOLE "5,000.00"
D Starwood Hotels & Resorts  85590A401 1334 2800 SH SOLE "2,800.00"
D State Street Corporation  857477103 766 1600 SH SOLE "1,600.00"
D "Steel Dynamics, Inc."  858119100 961 6600 SH SOLE "6,600.00"
D "Steelcase, Inc."  858155203 738 14500 SH SOLE "14,500.00"
D Strategic Hotels & Resorts  REIT 86272T106 906 31102 SH SOLE "31,102.00"
D STREETTRACKS GLD TR ETF GLD Boullion 863307104 6006 75000 SH SOLE "75,000.00"
D Stryker Corporation  863667101 404 600 SH SOLE 600.00
D "Sun Microsystems, Inc."  866810104 2610 44700 SH SOLE "44,700.00"
D "Sunoco, Inc."  86764P109 958 1600 SH SOLE "1,600.00"
D "Sunstone Hotels Investors REIT 867892101 3336 93165 SH SOLE "93,165.00"
D "Suntrust Banks, Inc."  867914103 4139 4100 SH SOLE "4,100.00"
D "Supervalu, Inc."  868536103 786 1600 SH SOLE "1,600.00"
D "Supreme Industries, Inc. 868607102 1786 125908 SH SOLE "125,908.03"
D "Sycamore Networks, Inc."  871206108 132 35000 SH SOLE "35,000.00"
D Symantec Corporation  871503108 2304 11600 SH SOLE "11,600.00"
D "Symbol Technologies, Inc."  871508107 256 1000 SH SOLE "1,000.00"
D Synovus Financial Group  87161C105 851 3000 SH SOLE "3,000.00"
D Synergy Financial Corp.  87162V102 2805 90700 SH SOLE "90,700.00"
D Sysco Corporation  871829107 702 3200 SH SOLE "3,200.00"
D "T J X Companies, Inc."  872540109 1813 9100 SH SOLE "9,100.00"
D T L C Vision Corp.  872549100 77 4800 SH SOLE "4,800.00"
D "T T M Technologies, Inc."  87305R109 118 3400 SH SOLE "3,400.00"
D T X U Corporation   873168108 3599 20000 SH SOLE "20,000.00"
D Tanger Factory Outlet Ctrs  REIT 875465106 3783 72600 SH SOLE "72,600.00"
D Target Corporation  87612E106 4368 7900 SH SOLE "7,900.00"
D Tech Data Corporation  878237106 566 5900 SH SOLE "5,900.00"
D "Tektronix, Inc."  879131100 451 1000 SH SOLE "1,000.00"
D "Teleflex, Inc."  879369106 271 1100 SH SOLE "1,100.00"
D "Telephone and Data Sys, Inc."  879433100 283 800 SH SOLE 800.00
D "Tellabs, Inc."  879664100 455 5200 SH SOLE "5,200.00"
D "Temple-Inland, Inc."  879868107 1352 2900 SH SOLE "2,900.00"
D "Tenneco, Inc." 880349105 4450 130000 SH SOLE "130,000.00"
D Terex Corporation  880779103 457 1500 SH SOLE "1,500.00"
D Tesoro Petroleum Corp 881609101 413 2400 SH SOLE "2,400.00"
D "Texas Instruments, Inc." 882508104 2637 14500 SH SOLE "14,500.00"
D "Thermo Fisher Scientific, Inc."  883556102 2705 7300 SH SOLE "7,300.00"
D "THORNBURG MORTGAGE, INC."  REIT 885218107 316 5000 SH SOLE "5,000.00"
D 3COM Corporation  885535104 710 150000 SH SOLE "150,000.00"
D 3M Company  88579Y101 3852 6800 SH SOLE "6,800.00"
D "TIBCO Software, Inc."  88632Q103 460 21700 SH SOLE "21,700.00"
D "Time Warner, Inc."  887317105 10331 47800 SH SOLE "47,800.00"
D "Titan International, Inc."  88830M102 1491 50000 SH SOLE "50,000.00"
D Torchmark Corporation 891027104 862 1200 SH SOLE "1,200.00"
D Trans World Entertainment Corp  89336Q100 67 5100 SH SOLE "5,100.00"
D "Transatlantic Holdings, Inc."  893521104 210 500 SH SOLE 500.00
D Tribune Company  896047107 683 2200 SH SOLE "2,200.00"
D "TriQuint Semiconductor, Inc."  89674K103 56 12400 SH SOLE "12,400.00"
D "Twin Disc, Inc."  901476101 359 10100 SH SOLE "10,100.00"
D U A L Corporation 902549807 319 2900 SH SOLE "2,900.00"
D U A L Corporation 902549807 235 240 SH SOLE 240.00
D "U S T, Inc." 902911106 10635 1900 SH SOLE "1,900.00"
D U S Bancorp 902973304 8509 20000 SH SOLE "20,000.00"
D Usana Health Sciences 90328M107 362 1300 SH SOLE "1,300.00"
D Union Pacific Corporation 907818108 2217 2000 SH SOLE "2,000.00"
D United Dominion Rlty Tr REIT 910197102 5010 114700 SH SOLE "114,700.00"
D "United Parcel Service, Inc." 911312106 5069 11300 SH SOLE "11,300.00"
D United States Steel Corp. 912909108 2316 3000 SH SOLE "3,000.00"
D United Technologies Corp. 913017109 5485 12000 SH SOLE "12,000.00"
D "UnitedHealth Group, Inc." 91324P102 4629 12300 SH SOLE "12,300.00"
D "Unitrin, Inc." Common Stock 913275103 528 4200 SH SOLE "4,200.00"
D UnumProvident Corporation 91529Y106 798 3300 SH SOLE "3,300.00"
D V F Corporation Common Stock 918204108 1092 1200 SH SOLE "1,200.00"
D "Vaalco Energy, Inc." 91851C201 105 5100 SH SOLE "5,100.00"
D Valeant Pharmaceuticals Intl 91911X104 2322 71000 SH SOLE "71,000.00"
D Valero Energy Corporation 91913Y100 4313 7300 SH SOLE "7,300.00"
D "Valley National Gases, Inc." 919792101 254 9600 SH SOLE "9,600.00"
D Valley National Bancorp 919794107 24 206 SH SOLE 205.75
D "Valmont Industries, Inc." 920253101 261 4700 SH SOLE "4,700.00"
D The Valspar Corporation 920355104 299 4400 SH SOLE "4,400.00"
D "Ventas, Inc." REIT 92276F100 6473 111343 SH SOLE "111,343.00"
D "VeriSign, Inc." 92343E102 342 1600 SH SOLE "1,600.00"
D "Verizon Communications 92343V104 15686 16649 SH SOLE "16,649.00"
D "Viacom, Inc." Class B 92553P201 2056 8300 SH SOLE "8,300.00"
D Vignette Corporation 926734401 854 50000 SH SOLE "50,000.00"
D Visteon Corporation 92839U107 90 1900 SH SOLE "1,900.00"
D Vornado Realty Trust REIT 929042109 17269 92696 SH SOLE "92,696.00"
D Vulcan Materials Company 929160109 451 600 SH SOLE 600.00
D Wachovia Corporation 929903102 14102 22290 SH SOLE "22,290.00"
D "Wal-Mart Stores, Inc." 931142103 8087 25900 SH SOLE "25,900.00"
D Walgreen Company 931422109 2262 8200 SH SOLE "8,200.00"
D WARNER MUSIC GROUP CORP. 934550104 556 8200 SH SOLE "8,200.00"
D "Washington Mutual, Inc." 939322103 4088 7485 SH SOLE "7,485.00"
D "Waste Management, Inc." 94106L109 16790 9400 SH SOLE "9,400.00"
D Waters Corporation 941848103 667 1900 SH SOLE "1,900.00"
D "Watson Pharmaceuticals, Inc." 942683103 389 1200 SH SOLE "1,200.00"
D "Wayside Technology Group, Inc." 946760105 221 1900 SH SOLE "1,900.00"
D Weingarten Realty Inv REIT 948741103 8709 141200 SH SOLE "141,200.00"
D Wellcare Health Plans Inc 94946T106 384 3000 SH SOLE "3,000.00"
D "WELLPOINT, INC." 94973V107 5455 7400 SH SOLE "7,400.00"
D Wells Fargo & Company 949746101 25582 39200 SH SOLE "39,200.00"
D WEST PHARMACEUTICAL SERVICES 955306105 220 900 SH SOLE 900.00
D Western Union Co 959802109 924 5400 SH SOLE "5,400.00"
D Weyerhaeuser Company 962166104 13529 600 SH SOLE 600.00
D Wheeling-Pittsburgh Steel 963142302 505 26980 SH SOLE "26,980.00"
D Whirlpool Corporation 963320106 725 1000 SH SOLE "1,000.00"
D WHITNEY HOLDING CORP. 966612103 200 2800 SH SOLE "2,800.00"
D "Williams Companies, Inc." 969457100 3823 100000 SH SOLE "100,000.00"
D Windstream Corporation 97381W104 1318 8700 SH SOLE "8,700.00"
D Winthrop Realty Trust REIT 976391102 69 10100 SH SOLE "10,100.00"
D Wisconsin Energy Corp. 976657106 506 4400 SH SOLE "4,400.00"
D WOLVERINE WORLD WIDE 978097103 202 2300 SH SOLE "2,300.00"
D Wyeth Common Stock 983024100 13591 12100 SH SOLE "12,100.00"
D Wyndham Worldwide Corp. 98310W108 1288 6440 SH SOLE "6,440.00"
D "X T O Energy, Inc." 98385X106 383 1200 SH SOLE "1,200.00"
D "XCEL Energy, Inc." 98389B100 2239 7400 SH SOLE "7,400.00"
D "Xilinx, Inc." 983919101 573 3900 SH SOLE "3,900.00"
D Xerox Corporation 984121103 3337 18200 SH SOLE "18,200.00"
D "Yahoo!, Inc." 984332106 1936 12200 SH SOLE "12,200.00"
D "Tricon Global Restaurants 988498101 2076 5000 SH SOLE "5,000.00"
D "Zimmer Holdings, Inc." 98956P102 1570 2800 SH SOLE "2,800.00"
D Zions Bancorporation 989701107 687 900 SH SOLE 900.00
D Zoll Medical Corp. 989922109 553 1400 SH SOLE "1,400.00"
D Camtek Ltd CAMTIL011 63 14900 SH SOLE "14,900.00"
D Ace Ltd G0070K103 1411 3900 SH SOLE "3,900.00"
D Cooper Industries Ltd Class A G24182100 922 1700 SH SOLE "1,700.00"
D Endurance Specialty Hldgs G30397106 1280 35000 PAR SHARES SOLE "35,000.00"
D Ingersoll-Rand Company G4776G101 916 4300 PAR SHARES SOLE "4,300.00"
D "Transocean, Inc." G90078109 1165 2300 PAR SHARES SOLE "2,300.00"
D Weatherford International Ltd G95089101 297 1100 PAR SHARES SOLE "1,100.00"
D SPI Lasers PLC SPILPLC12 455 62500 PAR SHARES SOLE "62,500.00"
D "Amazon.com, Inc." 023135106 564 2700 PAR SHARES SOLE "2,700.00"
D "Dynegy, Inc." 26816Q101 157 10733 PAR SHARES SOLE "10,733.00"
D ProLogis Trust REIT 743410102 11304 116909 PAR SHARES SOLE "116,909.00"
D "II - VI, Inc." 902104108 14977 285628 PAR SHARES SOLE "285,628.00"
D Tyco International Ltd 902124106 4452 23889 PAR SHARES SOLE "23,889.00"
D "A B X Air, Inc." 00080S101 223 32200 PAR SHARES SOLE "32,200.00"
D Albemarle Corporation 012653101 799 3900 PAR SHARES SOLE "3,900.00"
D "Alcoa Inc." 013817101 1234 6800 Stk 026874107 18497 29500 SOLE "29,500.00"
D "ASPEN TECHNOLOGY, INC." 045327103 699 50000 PAR SOLE "50,000.00"
D "CAL-MAINE FOODS, INC." 128030202 117 6800 PAR SOLE "6,800.00"
D Commerce Bancorporation 200519106 7367 194521 PAR SOLE "194,520.63"
D "GenTek, Inc." 37245X104 0 138450 PAR SHARES SOLE "138,450.00"
D "Hanover Insurance Group, Inc." 410867105 219 3750 PAR SOLE "3,750.00"
D "ONE LIBERTY PROPERTIES, INC." REIT 682406103 297 11800 PAR SOLE "11,800.00"
D Tultex CorP Warrant - exp 4/15/2007 899900112 0 556159 PAR SOLE "556,159.00"
D Wsfs Finl Corp. 929328102 248 3700 PAR SHARES SOLE "3,700.00"
D "Agere Systems Conv Bond 00845VAA8 5088 5000000 PAR  SOLE 5000000
D "American Intl Group Conv BD 026874AP2 59067 83930000 PAR  SOLE 83930000
D "Amgen, Inc." Conv Bond 031162AE0 30609 40880000 PAR  SOLE 40880000
D "Centerpoint Energy Note Series B 15189TAM9 2179 1500000 PAR SOLE 1500000
D Ciena Corporation Conv Sen Note 171779AA9 1519 1570000 PAR SOLE 1570000
D Citadel Broadcasting Corp. Conv BoD 17285TAB2 7301 9000000 SOLE 9000000
D "Cymer, Inc." Note 232572AE7 1048 1000000 PAR SHARES SOLE 1000000
D Cypress Semiconductor Corp. Conv BD 232806AH2 1246 1000000 PAR SOLE 1000000
D EchoStar Communications Conv Sub Note 278762AG4 2547 2500000 PAR SOLE 2500000
D Electronics for Imaging Conv Bond 286082AA0 1105 1000000 PAR SOLE 1000000
D F E I Company Conv Sub Note 30241LAB5 2397 2415000 PAR  SOLE 2415000
D "Gencorp, Inc." Conv Sub Note 368682AL4 931 1000000 PAR SOLE 1000000
D Graftech International Conv Bond 384313AB8 9345 12000000 PAR SOLE 12000000
D Huntsman Corporation 5% Pfd Stk Series 447011206 833 20000 PAR SOLE 20000
D ICOS Corporation Convertible Bond 449295AB0 7722 7870000 PAR SOLE 7870000
D Inco Limited Note 453258AM7 14888 7500000 PAR  SOLE 7500000
D International Paper Co. Conv Bond 460146BM4 1666 3333000 PAR SOLE 3333000
D Intl Rectifier Corp. Conv Bond 460254AE5 993 1000000 PAR SOLE 1000000
D JetBlue Airways Corp Cov Bond 477143AB7 25200 26250000 PAR SOLE 26250000
D "Level 3 Com Conv Unsec Sen Note 52729NBK5 1243 1000000 PAR SOLE 1000000
D "Merrill Lynch & Company Conv Note 590188W46 2653 2000000 PAR SOLE 2000000
D "Nextel Com Conv Note 65332VAY9 4225 4295000 PAR SHARES SOLE 4295000
D Nortel Networks Corporation Conv BD 656568AB8 7220 7463000 PAR SOLE 7463000
D Northwest Airlines Conv Bond 667280AC5 729 800000 PAR SHARES SOLE 800000
D Northwest Airlines Corp. Note 667280AE1 459 500000 PAR SHARES SOLE 500000
D "Omnicom Group, Inc." Convert Bond 681919AK2 21372 20800000 PAR SOLE 20800000
D "Owens - Illinois Conv Red PFD Stock 690768502 3163 85560 PAR SOLE 85560
D Peninsula Gaming LLC Conv Pfd Stock Units 707133203 317 52815 PAR SOLE 52815
D Prime Succession Acq Co. Conv Bond 741572AA9 0 211072 PAR SHARES SOLE 211072
D "Prudential Finl Conv Unsec Sen Note 744320AC6 1016 1000000 PAR SOLE 1000000
D "Q L T, INC." Conv Bond 746927AB8 10711 11440000 PAR SHARES SOLE 11440000
D "Quanta Services, Inc." Note 74762EAC6 1840 1000000 PAR SHARES SOLE 1000000
D "S C I Systems, Inc." Conv Unsec Nt 783890AF3 6564 6605000 PAR SOLE 6605000
D S P X Corporation Note 784635AD6 0 30000000 PAR SHARES SOLE 30000000
D Solectron Corp Conv Note 834182AK3 2516 4463000 PAR SHARES SOLE 4463000
D "TriQuint Semiconductor Conv Bond 89674KAB9 2546 2565000 PAR SOLE 2565000
D "Wesco Intl Conv Sen Unsec Bond 95082PAF2 483 500000 PAR SOLE 500000
D X L Capital Ltd Conv Pfd Stock (6.5%) G98255402 1418 60000 PAR SOLE 60000
S REPORT SUMMARY 783 DATA RECORDS 2527931




February 13, 2007


Document Control-Filing Desk
Securities & Exchange Commission
450 Fifth Street, N.W.
Washington D.C. 20549-0104

Dear Sir or Madam:

Pursuant to Section 13(f) of the Securities Exchange Act of 1934,
I am filing electronically on behalf of Babson Capital Management
LLC(Babson) Form 13F for the quarter ending December 31, 2006.

Babson has indicated that it exercises "sole" investment discretion
with respect to the securities positions reported in its Form 13F.
Nevertheless, such positions shall also be deemed reported on behalf
of Massachusetts Mutual Life Insurance Company (MassMutual) to the
extent that MassMutual may be deemed to "share" investment discretion
over the positions as a result of Babson being a wholly-owned indirect
subsidiary of MassMutual.

If you should have any questions or comments regarding this matter
please call me at (617) 761-6599.

Sincerely,




Jan Jumet
Managing Director and
Chief Compliance Officer