13F-HR 1 abjunsec.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2007 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: Babson Capital Management LLC Address: 470 Atlantic Avenue Boston, MA 02210 Form 13F File Number: 28-00060 The institutional 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: Jan Jumet Title: Managing Director and Chief Compliance Officer Phone: (617) 761-6599 Signature, Place, and Date of Signing: /s/ Jan Jumet, Boston, MA August 6, 2007 -------------------------------------------------------------------------- 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) for this quarter. 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. -------------------------------------------------------------------------- Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s)) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s)) FORM 13F COVER PAGE Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 818 Form 13F Information Table Value Total: $2,788,426 List of Other Included Managers: NONE FORM 13F INFORMATION TABLE
VOTING AUTHORITY TITLE OF VALUE SHARES/ SH/ PUT/ INVEST. OTHER NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRET. MGRS SOLE SHARED NONE -------------------------------- -------- --------- ---------- ------- --- ---- -------- ----- ---- ------ ---- 3M Company COM 88579Y101 1200 13830 SH SOLE 13830 0 0 A B X Air, Inc. COM 00080S101 806 100000 SH SOLE 100000 0 0 A D C Telecommunications, Inc. COM 000886309 426 23300 SH SOLE 23300 0 0 A E S Corporation COM 00130H105 2207 100900 SH SOLE 100900 0 0 A G Edwards, Inc. COM 281760108 314 3709 SH SOLE 3709 0 0 A G L Resources, Inc. COM 001204106 686 16946 SH SOLE 16946 0 0 A M R Corporation COM 001765106 268 10181 SH SOLE 10181 0 0 A T & T, Inc. COM 00206R102 39492 951607 SH SOLE 951607 0 0 A V X Corporation COM 002444107 971 57930 SH SOLE 57930 0 0 ABAXIS, INC. COM 002567105 6391 306400 SH SOLE 306400 0 0 ACCENTURE LTD COM G1150G111 1737 40500 SH SOLE 40500 0 0 ACE Aviation Holdings, Inc. COM 00440P201 1361 53891 SH SOLE 53891 0 0 ACTUANT CORP. COM 00508X203 3185 50500 SH SOLE 50500 0 0 AMDOCS LTD COM G02602103 235 5900 SH SOLE 5900 0 0 AMERICAN CAPITAL STRATEGIES COM 024937104 463 10882 SH SOLE 10882 0 0 ANTHRACITE CAPITAL, INC. COM 037023108 393 33600 SH SOLE 33600 0 0 ARCH CAPITAL GROUP LTD COM G0450A105 1095 15100 SH SOLE 15100 0 0 ASPEN TECHNOLOGY, INC. COM 045327103 2818 201300 SH SOLE 201300 0 0 ASSURANT, INC. COM 04621X108 1759 29842 SH SOLE 29842 0 0 AXSYS TECHNOLOGIES, INC. COM 054615109 9733 455000 SH SOLE 455000 0 0 Abbott Laboratories COM 002824100 15211 284050 SH SOLE 284050 0 0 Ace Ltd COM G0070K103 5333 85300 SH SOLE 85300 0 0 Adobe Systems, Inc. COM 00724F101 1668 41540 SH SOLE 41540 0 0 Aetna, Inc. COM 00817Y108 5373 108788 SH SOLE 108788 0 0 Affiliated Computer Services COM 008190100 397 7000 SH SOLE 7000 0 0 Aflac, Inc. COM 001055102 2177 42360 SH SOLE 42360 0 0 Agco Corporation COM 001084102 1686 38838 SH SOLE 38838 0 0 Agere Systems, Inc. CONV 00845VAA8 5081 5000000 SH SOLE 5000000 0 0 Agilent Technologies, Inc. COM 00846U101 2463 64090 SH SOLE 64090 0 0 Agnico-Eagle Mines Limited COM 008474108 530 14500 SH SOLE 14500 0 0 Air Products & Chemicals, Inc. COM 009158106 1843 22945 SH SOLE 22945 0 0 Akamai Technologies COM 00971T101 377 7740 SH SOLE 7740 0 0 Alaska Comm Systems Group COM 01167P101 165 10400 SH SOLE 10400 0 0 Albemarle Corporation COM 012653101 505 13100 SH SOLE 13100 0 0 Alberto-Culver Co. COM 013078100 1879 79250 SH SOLE 79250 0 0 Alcoa, Inc. COM 013817101 2242 55300 SH SOLE 55300 0 0 Allegheny Technologies, Inc. COM 01741R102 667 6370 SH SOLE 6370 0 0 Allegiant Travel Co. COM 01748X102 2548 82870 SH SOLE 82870 0 0 Allergan, Inc. COM 018490102 334 5800 SH SOLE 5800 0 0 Alliant Energy Corporation COM 018802108 386 9969 SH SOLE 9969 0 0 Allied Waste Industries, Inc. COM 019589308 924 68610 SH SOLE 68610 0 0 Allstate Corporation COM 020002101 6425 104439 SH SOLE 104439 0 0 Alltel Corporation COM 020039103 4608 68209 SH SOLE 68209 0 0 Alpha Natural Resources COM 02076X102 405 19500 SH SOLE 19500 0 0 Altera Corporation COM 021441100 571 25810 SH SOLE 25810 0 0 Altria Group, Inc. COM 02209S103 20189 287838 SH SOLE 287838 0 0 Amazon.com, Inc. COM 023135106 2859 41790 SH SOLE 41790 0 0 Ambac, Inc. COM 023139108 1554 17824 SH SOLE 17824 0 0 Amer Restaurant Grp, Inc. COM 029309804 462 44231 SH SOLE 44231 0 0 Ameren Corporation COM 023608102 1905 38848 SH SOLE 38848 0 0 AmeriCredit Corporation COM 03060R101 1372 51658 SH SOLE 51658 0 0 American Eagle Outfitters COM 02553E106 518 20165 SH SOLE 20165 0 0 American Electric Power Co. COM 025537101 2506 55627 SH SOLE 55627 0 0 American Express Company COM 025816109 6267 102420 SH SOLE 102420 0 0 American Financial Group COM 025932104 1024 29983 SH SOLE 29983 0 0 American Home Mortgage Inv Tr COM 02660R107 324 17600 SH SOLE 17600 0 0 American Intl Group, Inc. COM 026874107 27858 397816 SH SOLE 397816 0 0 American Standard Companies COM 029712106 692 11720 SH SOLE 11720 0 0 American Superconductor Cp COM 030111108 406 21000 SH SOLE 21000 0 0 American Tower Corporation COM 029912201 440 10483 SH SOLE 10483 0 0 Ameriprise Financial, Inc. COM 03076C106 1626 25577 SH SOLE 25577 0 0 AmerisourceBergen Corporation COM 03073E105 1916 38718 SH SOLE 38718 0 0 Ametek, Inc. COM 031100100 514 12950 SH SOLE 12950 0 0 Amgen, Inc. COM 031162100 2239 40500 SH SOLE 40500 0 0 Amgen, Inc. CONV 031162AE0 13624 20880000 SH SOLE 20880000 0 0 Anadarko Petroleum Corp. COM 032511107 1575 30300 SH SOLE 30300 0 0 Analog Devices, Inc. COM 032654105 883 23450 SH SOLE 23450 0 0 Anglo American plc COM 03485P102 968 33000 SH SOLE 33000 0 0 Anheuser-Busch Companies, Inc. COM 035229103 4009 76878 SH SOLE 76878 0 0 Annaly Capital Mgmt, Inc. COM 035710409 2588 179460 SH SOLE 179460 0 0 Aon Corporation COM 037389103 2913 68381 SH SOLE 68381 0 0 Apple, Inc. COM 037833100 17798 145830 SH SOLE 145830 0 0 Applera Corp./Applied Bio Grp COM 038020103 345 11318 SH SOLE 11318 0 0 Applied Materials, Inc. COM 038222105 4408 221820 SH SOLE 221820 0 0 Ark Restaurants Corp. COM 040712101 3318 89700 SH SOLE 89700 0 0 Arrow Electronics, Inc. COM 042735100 253 6600 SH SOLE 6600 0 0 ArthroCare Corp. COM 043136100 879 20000 SH SOLE 20000 0 0 ArvinMeritor, Inc. COM 043353101 205 9200 SH SOLE 9200 0 0 Asahi Glass Company Limited COM 043393206 168 12500 SH SOLE 12500 0 0 Asea Brown Boveri Ltd COM 000375204 610 27000 SH SOLE 27000 0 0 Ashford Hospitality Trust COM 044103109 142 12100 SH SOLE 12100 0 0 Ashland, Inc. COM 044209104 778 12150 SH SOLE 12150 0 0 Associated Banc-Corporation COM 045487105 230 7031 SH SOLE 7031 0 0 Asyst Technologies, Inc. COM 04648X107 152 20900 SH SOLE 20900 0 0 Atlas Air Worldwide Hldg, Inc. COM 049164205 8826 149762 SH SOLE 149762 0 0 Atmel Corporation COM 049513104 144 26000 SH SOLE 26000 0 0 Atmos Energy Corporation COM 049560105 356 11848 SH SOLE 11848 0 0 AutoNation, Inc. COM 05329W102 227 10104 SH SOLE 10104 0 0 Autodesk, Inc. COM 052769106 1443 30690 SH SOLE 30690 0 0 Automatic Data Processing COM 053015103 9252 190895 SH SOLE 190895 0 0 Autozone, Inc. COM 053332102 4767 34890 SH SOLE 34890 0 0 Avaya, Inc. COM 053499109 2445 145191 SH SOLE 145191 0 0 Avnet, Inc. COM 053807103 1239 31250 SH SOLE 31250 0 0 Avon Products, Inc. COM 054303102 272 7400 SH SOLE 7400 0 0 Axis Capital Holdings LTD COM AXCAPHLD7 1122 27600 SH SOLE 27600 0 0 B B & T Corporation COM 054937107 2554 62783 SH SOLE 62783 0 0 B E A Systems, Inc. COM 073325102 202 14840 SH SOLE 14840 0 0 B H P Billiton Ltd COM 088606108 849 14200 SH SOLE 14200 0 0 B M C Software, Inc. COM 055921100 581 19220 SH SOLE 19220 0 0 B P Amoco plc COM 055622104 468 6500 SH SOLE 6500 0 0 BANCORPSOUTH, INC. COM 059692103 279 11409 SH SOLE 11409 0 0 BIOGEN IDEC, INC. COM 09062X103 2557 47790 SH SOLE 47790 0 0 Ball Corporation COM 058498106 681 12800 SH SOLE 12800 0 0 Bally Total Fitness Hld Corp. COM 05873K108 11 23178 SH SOLE 23178 0 0 Banco Itau Holding Financeira COM 059602201 400 9000 SH SOLE 9000 0 0 Bancorp Rhode Island, Inc. COM 059690107 2677 70000 SH SOLE 70000 0 0 Bank of America Corporation COM 060505104 38515 787805 SH SOLE 787805 0 0 Bank of New York Company, Inc. COM 064057102 3605 86970 SH SOLE 86970 0 0 Barings EMEA Abs Ret Fund plc COM G09780118 39706 302556 SH SOLE 302556 0 0 Barings ESC ABS RET FUNDS PLC COM G09829105 25978 230000 SH SOLE 230000 0 0 Barrick Gold Corporation COM 067901108 1817 62500 SH SOLE 62500 0 0 Bausch & Lomb, Inc. COM 071707103 412 5910 SH SOLE 5910 0 0 Baxter International, Inc. COM 071813109 4663 82770 SH SOLE 82770 0 0 Becton Dickinson and Company COM 075887109 1399 18760 SH SOLE 18760 0 0 Belden, Inc. COM 077454106 388 7000 SH SOLE 7000 0 0 Bemis Company, Inc. COM 081437105 365 11024 SH SOLE 11024 0 0 Best Buy Company, Inc. COM 086516101 1735 37180 SH SOLE 37180 0 0 Big Lots, Inc. COM 089302103 4898 166500 SH SOLE 166500 0 0 Bioenvision, Inc. COM 09059N100 193 33420 SH SOLE 33420 0 0 Black & Decker Corporation COM 091797100 2866 32446 SH SOLE 32446 0 0 Boeing Company COM 097023105 6421 66780 SH SOLE 66780 0 0 Borg-Warner, Inc. COM 099724106 250 2900 SH SOLE 2900 0 0 Bristol-Myers Squibb Company COM 110122108 5294 167700 SH SOLE 167700 0 0 Broadcom Corporation COM 111320107 210 7180 SH SOLE 7180 0 0 Broadridge Financial Solutions COM 11133T103 708 37068 SH SOLE 37068 0 0 Brocade Communications Systems COM 111621306 800 102300 SH SOLE 102300 0 0 Buckeye Technologies, Inc. COM 118255108 229 14800 SH SOLE 14800 0 0 Bunge Ltd COM G16962105 832 9850 SH SOLE 9850 0 0 Burlington Northern Santa Fe COM 12189T104 2990 35110 SH SOLE 35110 0 0 C A M COMMERCE SOLUTIONS, INC. COM 131916108 1517 53184 SH SOLE 53184 0 0 C A V I, Inc. COM 124779NN5 2552 1205877 SH SOLE 1205877 0 0 C A, INC. COM 12673P105 929 35967 SH SOLE 35967 0 0 C B O T HOLDINGS, INC. COM 14984K106 228 1100 SH SOLE 1100 0 0 C B Richard Ellis Group, Inc. COM 12497T101 599 16430 SH SOLE 16430 0 0 C B S Corp. COM 124857202 5155 154672 SH SOLE 154672 0 0 C H Robinson Worldwide, Inc. COM 12541W209 1109 21100 SH SOLE 21100 0 0 C I T Group, Inc. COM 125581108 2307 42089 SH SOLE 42089 0 0 C M G I, Inc. COM 125750109 128 65600 SH SOLE 65600 0 0 C M S Energy Corporation COM 125896100 189 11000 SH SOLE 11000 0 0 C R Bard, Inc. COM 067383109 498 6020 SH SOLE 6020 0 0 C S X Corporation COM 126408103 2560 56760 SH SOLE 56760 0 0 C V S Caremark Corporation COM 126650100 406 11130 SH SOLE 11130 0 0 C-Cor .Net Corporation COM 125010108 256 18200 SH SOLE 18200 0 0 CAMECO CORPORATION COM 13321L108 558 11000 SH SOLE 11000 0 0 CAMERON INTERNATIONAL CORP. COM 13342B105 1022 14300 SH SOLE 14300 0 0 CARPENTER TECHNOLOGY CORP. COM 144285103 281 2161 SH SOLE 2161 0 0 CELANESE CORP. COM 150870103 1622 41830 SH SOLE 41830 0 0 CHICAGO MERCANTILE EXCHANGE COM 167760107 313 590 SH SOLE 590 0 0 COMMERCIAL VEHICLE GROUP, INC. COM 202608105 461 24700 SH SOLE 24700 0 0 COMTECH TELECOMMUNICATIONS COM 205826209 2321 50000 SH SOLE 50000 0 0 CPI International, Inc. COM 12618M100 1983 100000 SH SOLE 100000 0 0 Cablevision Systems Corp. COM 12686C109 450 12440 SH SOLE 12440 0 0 Cabot Corporation COM 127055101 1621 33980 SH SOLE 33980 0 0 Cadence Design System COM 127387108 687 31324 SH SOLE 31324 0 0 Calavo Growers, Inc. COM 128246105 5729 455800 SH SOLE 455800 0 0 Campbell Soup Company COM 134429109 993 25557 SH SOLE 25557 0 0 Capital One Financial Corp. COM 14040H105 3705 47230 SH SOLE 47230 0 0 Cardiac Science Corp. COM 14141A108 2464 224800 SH SOLE 224800 0 0 Cardinal Health, Inc. COM 14149Y108 1724 24400 SH SOLE 24400 0 0 Carriage Services, Inc. COM 143905107 6195 750000 SH SOLE 750000 0 0 Caterpillar, Inc. COM 149123101 5372 68600 SH SOLE 68600 0 0 Centerpoint Energy, Inc. COM 15189T107 1452 83500 SH SOLE 83500 0 0 Centerpoint Energy, Inc. CONV 15189TAM9 2331 1500000 SH SOLE 1500000 0 0 Centex Corporation COM 152312104 1522 37970 SH SOLE 37970 0 0 Centurytel, Inc. COM 156700106 3290 67037 SH SOLE 67037 0 0 Ceridian Corporation COM 156779100 217 6170 SH SOLE 6170 0 0 Chaparral Steel Co COM 159423102 956 13300 SH SOLE 13300 0 0 Charter Oak Capital Mgt, Inc. COM 161289MN0 0 20000 SH SOLE 20000 0 0 Chemtura Corporation COM 163893100 238 21500 SH SOLE 21500 0 0 Chevron Texaco Capital Corp. COM 166764100 29618 351580 SH SOLE 351580 0 0 Chubb Corporation COM 171232101 1336 24690 SH SOLE 24690 0 0 Chunghwa Telecom Co. Ltd COM 17133Q205 981 52020 SH SOLE 52020 0 0 Ciena Corporation CONV 171779AA9 1553 1570000 SH SOLE 1570000 0 0 Cigna Corporation COM 125509109 2893 55400 SH SOLE 55400 0 0 Cincinnati Financial Corp. COM 172062101 1536 35357 SH SOLE 35357 0 0 Cisco Systems, Inc. COM 17275R102 18182 652860 SH SOLE 652860 0 0 Citadel Broadcasting Corp. CONV 17285TAB2 5760 6697000 SH SOLE 6697000 0 0 Citigroup, Inc. COM 172967101 39927 778475 SH SOLE 778475 0 0 Citizens Communications Co. COM 17453B101 3481 227992 SH SOLE 227992 0 0 Clear Channel Communications COM 184502102 4916 129916 SH SOLE 129916 0 0 Cleveland Cliffs, Inc. COM 185896107 544 7000 SH SOLE 7000 0 0 Clorox Company COM 189054109 2378 38296 SH SOLE 38296 0 0 Coach, Inc. COM 189754104 669 14130 SH SOLE 14130 0 0 Coca-Cola Company COM 191216100 2846 54380 SH SOLE 54380 0 0 Coca-Cola Enterprises, Inc. COM 191219104 1178 49051 SH SOLE 49051 0 0 Coeur d'Alene Mines Corp. COM 192108108 72 20000 SH SOLE 20000 0 0 Coinmach Service COM 19259W206 156 11800 SH SOLE 11800 0 0 Colgate-Palmolive Company COM 194162103 2065 31856 SH SOLE 31856 0 0 Colonial Bancgroup COM 195493309 275 10984 SH SOLE 10984 0 0 Colonial Properties Trust COM 195872106 420 11514 SH SOLE 11514 0 0 Comcast Corporation COM 20030N101 5041 179300 SH SOLE 179300 0 0 Comerica, Inc. COM 200340107 1801 30262 SH SOLE 30262 0 0 CommScope, Inc. COM 203372107 373 6400 SH SOLE 6400 0 0 Commerce Bancorporation COM 200519106 7707 208370 SH SOLE 208370 0 0 Commerce Group, Inc. Ma COM 200641108 361 10400 SH SOLE 10400 0 0 Commercial Metals Company COM 201723103 277 8200 SH SOLE 8200 0 0 Compass Bancshares, Inc. COM 20449H109 390 5632 SH SOLE 5632 0 0 Computer Sciences Corporation COM 205363104 1727 29215 SH SOLE 29215 0 0 Compuware Corporation COM 205638109 4138 348861 SH SOLE 348861 0 0 ConAgra Foods, Inc. COM 205887102 1524 56651 SH SOLE 56651 0 0 ConocoPhillips COM 20825C104 23578 300345 SH SOLE 300345 0 0 Consolidated Edison, Inc. COM 209115104 2826 62660 SH SOLE 62660 0 0 Constellation Energy Group COM 210371100 1987 22788 SH SOLE 22788 0 0 Contifinancial Corporation COM 21075M107 42 2808869 SH SOLE 2808869 0 0 Continental Airlines, Inc. COM 210795308 415 12230 SH SOLE 12230 0 0 Continental Resources Inc COM 212015101 236 14700 SH SOLE 14700 0 0 Convergys Corporation COM 212485106 1607 66349 SH SOLE 66349 0 0 Cooper Industries Ltd COM G24182100 2022 35400 SH SOLE 35400 0 0 Copa Holdings SA COM P31076105 961 14300 SH SOLE 14300 0 0 Core Mark Holding, Inc. COM 218681104 4781 132900 SH SOLE 132900 0 0 Corn Products Intl Inc-w/i COM 219023108 856 18856 SH SOLE 18856 0 0 Cornerstone Apt Fund I COM 218906NN1 19293 4247792 SH SOLE 4247792 0 0 Corning, Inc. COM 219350105 1072 41940 SH SOLE 41940 0 0 Costco Wholesale Corporation COM 22160K105 1391 23778 SH SOLE 23778 0 0 Countrywide Financial Corp. COM 222372104 503 13871 SH SOLE 13871 0 0 Coventry Health Care, Inc. COM 222862104 980 17015 SH SOLE 17015 0 0 Crane Company COM 224399105 644 14168 SH SOLE 14168 0 0 Cresud S.A.C.I.F.y A. COM 226406106 952 44500 SH SOLE 44500 0 0 Crosstex Energy, Inc. COM 22765Y104 6850 238469 SH SOLE 238469 0 0 Crown Media Holdings, Inc. COM 228411104 74 10300 SH SOLE 10300 0 0 Cummins, Inc. COM 231021106 1021 10100 SH SOLE 10100 0 0 Cymer, Inc. CONV 232572AE7 1019 1000000 SH SOLE 1000000 0 0 Cytec Industries, Inc. COM 232820100 220 3443 SH SOLE 3443 0 0 D P L, Inc. COM 233293109 208 7322 SH SOLE 7322 0 0 D T E Energy Company COM 233331107 1757 36465 SH SOLE 36465 0 0 DIRECTV GROUP, INC. COM 25459L106 1546 66920 SH SOLE 66920 0 0 DISCOVERY HOLDING CO. COM 25468Y107 273 11900 SH SOLE 11900 0 0 DOVER MOTORSPORTS, INC. COM 260174107 146 24100 SH SOLE 24100 0 0 DRDGOLD Limited COM 26152H103 80 110000 SH SOLE 110000 0 0 DRESSER-RAND GROUP, INC. COM 261608103 995 25200 SH SOLE 25200 0 0 DST Systems, Inc. COM 233326107 663 8370 SH SOLE 8370 0 0 Danaher Corporation COM 235851102 2289 30320 SH SOLE 30320 0 0 Darden Restaurants, Inc. COM 237194105 478 10870 SH SOLE 10870 0 0 Darwin Professional Underwrite COM 237502109 6494 258000 SH SOLE 258000 0 0 Davita, Inc. COM 23918K108 354 6550 SH SOLE 6550 0 0 Dean Foods Company COM 242370104 2923 91727 SH SOLE 91727 0 0 Deere & Company COM 244199105 1823 15100 SH SOLE 15100 0 0 Del Monte Corporation COM 24522P103 137 11290 SH SOLE 11290 0 0 Dell, Inc. COM 24702R101 5734 200810 SH SOLE 200810 0 0 Delta Air Lines, Inc. COM 247361702 243 12300 SH SOLE 12300 0 0 Dentsply International, Inc. COM 249030107 276 7210 SH SOLE 7210 0 0 Diamond Offshore Drill, Inc. COM 25271C102 802 7900 SH SOLE 7900 0 0 Diamond Offshore Drill, Inc. CONV 25271CAC6 77500 89467174 SH SOLE 89467174 0 0 Dick's Sporting Goods, Inc. COM 253393102 3281 56400 SH SOLE 56400 0 0 Digital Angel Corporation COM 253830103 24 15000 SH SOLE 15000 0 0 Directed Electronics, Inc. COM 254575103 3220 364272 SH SOLE 364272 0 0 Directed Electronics, Inc. COM 2545752*3 5979 676367 SH SOLE 676367 0 0 Distributed Energy Systems Cor COM 25475V104 18 14000 SH SOLE 14000 0 0 Dolby Laboratories, Inc. COM 25659T107 361 10230 SH SOLE 10230 0 0 Dollar General Corporation COM 256669102 833 38000 SH SOLE 38000 0 0 Dollar Tree Stores, Inc. COM 256747106 1110 25490 SH SOLE 25490 0 0 Dominion Resources, Inc. COM 25746U109 3684 42690 SH SOLE 42690 0 0 Domtar Corp. COM 257559104 885 79300 SH SOLE 79300 0 0 Doskocil Manufacturing Company COM 258487107 1183 364144 SH SOLE 364144 0 0 Dover Corporation COM 260003108 858 16749 SH SOLE 16749 0 0 Dow Chemical Company COM 260543103 15001 339260 SH SOLE 339260 0 0 Dow Jones & Company, Inc. COM 260561105 437 7600 SH SOLE 7600 0 0 Duke Energy Corporation COM 26441C105 3991 218133 SH SOLE 218133 0 0 Dun & Bradsheet Corporation COM 26483E100 648 6290 SH SOLE 6290 0 0 Dune Energy, Inc. CONV 265338301 1052 1000 SH SOLE 1000 0 0 E C C Capital Corp. COM 26826M108 408 1200000 SH SOLE 1200000 0 0 E I du Pont de Nemours & Co. COM 263534109 5351 105243 SH SOLE 105243 0 0 E M C Corporation COM 268648102 4997 276060 SH SOLE 276060 0 0 E*Trade Financial Corp. COM 269246104 542 24580 SH SOLE 24580 0 0 ENSCO International, Inc. COM 26874Q100 1194 19550 SH SOLE 19550 0 0 EVEREST RE GROUP LTD COM G3223R108 1162 10700 SH SOLE 10700 0 0 Eastman Chemical Company COM 277432100 599 9300 SH SOLE 9300 0 0 Eastman Kodak Company COM 277461109 746 26800 SH SOLE 26800 0 0 Eaton Corporation COM 278058102 2476 26618 SH SOLE 26618 0 0 Ebay, Inc. COM 278642103 2331 72460 SH SOLE 72460 0 0 EchoStar Communications Corp. COM 278762109 317 7300 SH SOLE 7300 0 0 Edison International COM 281020107 4944 88094 SH SOLE 88094 0 0 El Paso Corporation COM 28336L109 4217 244800 SH SOLE 244800 0 0 Electronic Data Systems Corp. COM 285661104 2422 87332 SH SOLE 87332 0 0 Eli Lilly and Company COM 532457108 6420 114866 SH SOLE 114866 0 0 Embarq Corporation COM 29078E105 3398 53620 SH SOLE 53620 0 0 Emcor Group, Inc. COM 29084Q100 204 2800 SH SOLE 2800 0 0 Emerson Electric Company COM 291011104 2564 54756 SH SOLE 54756 0 0 Endurance Specialty Holdings COM G30397106 3079 76900 SH SOLE 76900 0 0 EnerNOC, Inc. COM 292764107 2669 70000 SH SOLE 70000 0 0 Energen Corporation COM 29265N108 263 4800 SH SOLE 4800 0 0 Energizer Holdings, Inc. COM 29266R108 983 9870 SH SOLE 9870 0 0 Energy East Corporation COM 29266M109 488 18748 SH SOLE 18748 0 0 Enersys Capital, Inc. COM 29275Y102 1739 95000 SH SOLE 95000 0 0 Entergy Corporation COM 29364G103 10780 100425 SH SOLE 100425 0 0 Enzon, Inc. COM 293904108 5377 685000 SH SOLE 685000 0 0 Equifax, Inc. COM 294429105 1070 24060 SH SOLE 24060 0 0 Equity Residential COM 29476L107 355 7800 SH SOLE 7800 0 0 Erie Indemnity Company COM 29530P102 1035 19150 SH SOLE 19150 0 0 Estee Lauder Companies, Inc. COM 518439104 452 9920 SH SOLE 9920 0 0 Evergreen Solar, Inc. COM 30033R108 111 12000 SH SOLE 12000 0 0 Exar Corporation COM 300645108 134 10000 SH SOLE 10000 0 0 Exelon Corporation COM 30161N101 5782 79638 SH SOLE 79638 0 0 Expedia, Inc. COM 30212P105 713 24340 SH SOLE 24340 0 0 Express Scripts, Inc. COM 302182100 2604 52080 SH SOLE 52080 0 0 ExpressJet Holdings, Inc. COM 30218U108 138 23000 SH SOLE 23000 0 0 Exxon Corporation COM 30231G102 88736 1057879 SH SOLE 1057879 0 0 F E I Company CONV 30241LAB5 2377 2395001 SH SOLE 2395001 0 0 F M C Corporation COM 302491303 238 2650 SH SOLE 2650 0 0 F P L Group, Inc. COM 302571104 3657 64452 SH SOLE 64452 0 0 FHLMC COM 313400301 4031 66406 SH SOLE 66406 0 0 FIRST BANCORP PUERTO RICO COM 318672102 140 12700 SH SOLE 12700 0 0 FIRST HORIZON NATIONAL CORP. COM 320517105 520 13318 SH SOLE 13318 0 0 FNMA COM 313586109 12661 193819 SH SOLE 193819 0 0 Family Dollar Stores COM 307000109 1105 32210 SH SOLE 32210 0 0 Federal Agricultural Mtg Corp. COM 313148306 325 9500 SH SOLE 9500 0 0 Fidelity National Financial In COM 31620R105 232 9800 SH SOLE 9800 0 0 Fidelity National Information COM 31620M106 722 13330 SH SOLE 13330 0 0 Fieldstone Mtg Invest Corp. COM 31659U300 16744 4600000 SH SOLE 4600000 0 0 Fifth Third Bancorp COM 316773100 3458 86951 SH SOLE 86951 0 0 First American Financial Corp. COM 318522307 228 4600 SH SOLE 4600 0 0 First Data Corporation COM 319963104 3170 97030 SH SOLE 97030 0 0 FirstEnergy Corporation COM 337932107 2804 43329 SH SOLE 43329 0 0 Fiserv, Inc. COM 337738108 716 12600 SH SOLE 12600 0 0 Fluor Corporation COM 343412102 567 5100 SH SOLE 5100 0 0 Foamex International, Inc. COM 344123203 855 75000 SH SOLE 75000 0 0 Force Protection, Inc. COM 345203202 5676 275000 SH SOLE 275000 0 0 Ford Motor Company COM 345370860 2577 273600 SH SOLE 273600 0 0 Forest Laboratories, Inc. COM 345838106 3433 75200 SH SOLE 75200 0 0 Fortune Brands, Inc. COM 349631101 301 3656 SH SOLE 3656 0 0 Foster Wheeler Ltd COM G36535139 310 2900 SH SOLE 2900 0 0 Franklin Resources COM 354613101 1626 12280 SH SOLE 12280 0 0 Freeport-McMoran Copper & Gold CONV 35671D782 1285 10000 SH SOLE 10000 0 0 Freeport-McMoran Copper & Gold COM 35671D857 5012 60514 SH SOLE 60514 0 0 Friedman Billings Ramsey-A COM 358434108 2184 400000 SH SOLE 400000 0 0 Frontier Oil Corporation COM 35914P105 297 6770 SH SOLE 6770 0 0 G A T X Financial Corporation COM 361448103 436 8840 SH SOLE 8840 0 0 G. Willi-Food International COM GWILLIIN7 1638 200000 SH SOLE 200000 0 0 GENWORTH FINANCIAL, INC. COM 37247D106 1600 46519 SH SOLE 46519 0 0 GOOGLE, INC. COM 38259P508 4438 8480 SH SOLE 8480 0 0 Gamestop Corp. COM 36467W109 406 10400 SH SOLE 10400 0 0 Gametech International Inc COM 36466D102 3085 324800 SH SOLE 324800 0 0 Gannett Company, Inc. COM 364730101 2378 43296 SH SOLE 43296 0 0 Gap, Inc. COM 364760108 421 22100 SH SOLE 22100 0 0 Gardner Denver, Inc. COM 365558105 1000 23500 SH SOLE 23500 0 0 Gartner Group, Inc. COM 366651107 5744 233600 SH SOLE 233600 0 0 GenTek, Inc. COM 37245X203 1895 53789 SH SOLE 53789 0 0 Gencorp, Inc. CONV 368682AL4 2805 3000000 SH SOLE 3000000 0 0 General Dynamics Corp. COM 369550108 4778 61081 SH SOLE 61081 0 0 General Electric Company COM 369604103 49531 1293859 SH SOLE 1293859 0 0 General Growth Properties COM 370021107 1102 20800 SH SOLE 20800 0 0 General Mills, Inc. COM 370334104 3044 52103 SH SOLE 52103 0 0 General Motors Corporation COM 370442105 1324 35030 SH SOLE 35030 0 0 Genuine Parts Company COM 372460105 443 8896 SH SOLE 8896 0 0 Geo Specialty Chemicals, Inc. COM 37246R106 0 80750 SH SOLE 80750 0 0 Getty Images, Inc. COM 374276103 1234 25810 SH SOLE 25810 0 0 Global Industries Ltd COM 379336100 984 36700 SH SOLE 36700 0 0 GlobalSantaFe Corp. COM G3930E101 412 5700 SH SOLE 5700 0 0 Goldman Sachs Group, Inc. COM 38141G104 14414 66499 SH SOLE 66499 0 0 Golf Trust of America, Inc. COM 38168B103 108 45000 SH SOLE 45000 0 0 Goodyear Tire & Rubber Company COM 382550101 6042 173820 SH SOLE 173820 0 0 Graftech International CONV 384313AB8 3647 3300000 SH SOLE 3300000 0 0 Grainger W W, Inc. COM 384802104 1557 16726 SH SOLE 16726 0 0 H C C Insurance Holdings COM 404132102 716 21426 SH SOLE 21426 0 0 H M S Holdings Corp. COM 40425J101 6487 338900 SH SOLE 338900 0 0 H R P T PROPERTIES TRUST COM 40426W101 368 35270 SH SOLE 35270 0 0 H Y P Management LLC COM 404424MM2 11928 503 SH SOLE 503 0 0 HALLIBURTON COMPANY COM 406216101 772 22390 SH SOLE 22390 0 0 HLTH Corporation COM 40422Y101 3949 281800 SH SOLE 281800 0 0 Harris Corporation COM 413875105 1969 36100 SH SOLE 36100 0 0 Hartford Financial Svcs Group COM 416515104 5776 58628 SH SOLE 58628 0 0 Hasbro, Inc. COM 418056107 2419 77010 SH SOLE 77010 0 0 Hawk Corporation COM 420089104 3061 224000 SH SOLE 224000 0 0 Health Care Property Investors COM 421915109 585 20200 SH SOLE 20200 0 0 Health Care REIT, Inc. COM 42217K106 537 13298 SH SOLE 13298 0 0 Health Net, Inc. COM 42222G108 357 6760 SH SOLE 6760 0 0 Heinz H J Company COM 423074103 1854 39060 SH SOLE 39060 0 0 Hersha Hospitality Trust COM 427825104 158 13400 SH SOLE 13400 0 0 Hershey Company COM 427866108 556 11000 SH SOLE 11000 0 0 Hewlett-Packard Company COM 428236103 16641 372970 SH SOLE 372970 0 0 Hittite Microwave Corp. COM 43365Y104 3162 74000 SH SOLE 74000 0 0 Hon Hai Precision Industry Co. COM 438090201 1680 97200 SH SOLE 97200 0 0 Honeywell International, Inc. COM 438516106 17013 302263 SH SOLE 302263 0 0 Hospitality Properties Trust COM 44106M102 797 19212 SH SOLE 19212 0 0 Host Hotels & Resorts, Inc. COM 44107P104 3893 168383 SH SOLE 168383 0 0 Houston Wire & Cable Co. COM 44244K109 4875 171600 SH SOLE 171600 0 0 Humana, Inc. COM 444859102 738 12140 SH SOLE 12140 0 0 Huntington Bancshares, Inc. COM 446150104 626 27553 SH SOLE 27553 0 0 Hydrogenics Corporation COM 448882100 19 15000 SH SOLE 15000 0 0 I B M Corporation COM 459200101 22595 214685 SH SOLE 214685 0 0 I M S Health, Inc. COM 449934108 510 15868 SH SOLE 15868 0 0 I T C\DeltaCom, Inc. COM 45031T872 180 32249 SH SOLE 32249 0 0 I T T Corporation COM 450911102 2274 33296 SH SOLE 33296 0 0 I-MANY INC COM 44973Q103 3402 1236900 SH SOLE 1236900 0 0 IAC/InterActiveCorp COM 44919P300 1401 40480 SH SOLE 40480 0 0 IShares MSCI COM 464286731 2594 162500 SH SOLE 162500 0 0 IShares MSCI COM 464286848 4359 300000 SH SOLE 300000 0 0 IShares Trust COM 464287598 1995 23000 SH SOLE 23000 0 0 IShares Trust COM 464287614 2990 50500 SH SOLE 50500 0 0 ITT EDUCATIONAL SERVICES, INC. COM 45068B109 771 6570 SH SOLE 6570 0 0 Idearc, Inc. COM 451663108 754 21332 SH SOLE 21332 0 0 Illinois Tool Works, Inc. COM 452308109 672 12418 SH SOLE 12418 0 0 Impala Platinum Holdings Ltd COM 452553308 425 14000 SH SOLE 14000 0 0 Inco Limited CONV 453258AM7 15197 7500000 SH SOLE 7500000 0 0 Independence Holding Company COM 453440307 3053 149400 SH SOLE 149400 0 0 Indonnesia Fund, Inc. COM 455778100 415 40000 SH SOLE 40000 0 0 Indymac Mortgage Holdings COM 456607100 712 24410 SH SOLE 24410 0 0 InfoUSA, Inc. COM 456818301 1476 144500 SH SOLE 144500 0 0 Innophos Holdings, Inc. COM 45774N108 1533 107200 SH SOLE 107200 0 0 Integrated Device Tech, Inc. COM 458118106 275 18000 SH SOLE 18000 0 0 Integrys Energy Group, Inc. COM 45822P105 310 6136 SH SOLE 6136 0 0 Intel Corporation COM 458140100 7128 299970 SH SOLE 299970 0 0 Interline Brands, Inc. COM 458743101 4173 160000 SH SOLE 160000 0 0 International Paper Co. COM 460146103 2852 73000 SH SOLE 73000 0 0 International Paper Co. CONV 460146BM4 1657 3333000 SH SOLE 3333000 0 0 International Rectifier Corp. CONV 460254AE5 998 1000000 SH SOLE 1000000 0 0 Intersil Corporation COM 46069S109 217 6900 SH SOLE 6900 0 0 Intl Flavors & Fragrances COM 459506101 722 13830 SH SOLE 13830 0 0 Intuit, Inc. COM 461202103 926 30810 SH SOLE 30810 0 0 Istar Financial, Inc. COM 45031U101 1147 25879 SH SOLE 25879 0 0 Ivanhoe Mines Ltd COM 46579N103 249 17500 SH SOLE 17500 0 0 J M Smucker Company COM 832696405 708 11133 SH SOLE 11133 0 0 J P Morgan Chase & Co. COM 46625H100 32088 662268 SH SOLE 662268 0 0 JP Smaller Capitalization Fund COM 47109U104 543 48000 SH SOLE 48000 0 0 Jackson Products, Inc. COM 468694104 0 10825 SH SOLE 10825 0 0 Jacob's Engineering Group COM 469814107 314 5460 SH SOLE 5460 0 0 Janus Capital Group, Inc. COM 47102X105 469 16900 SH SOLE 16900 0 0 JetBlue Airways Corporation COM 477143101 20508 1745395 SH SOLE 1745395 0 0 JetBlue Airways Corporation CONV 477143AB7 25463 26250000 SH SOLE 26250000 0 0 John Wiley & Sons, Inc. COM 968223206 710 14710 SH SOLE 14710 0 0 Johnson & Johnson COM 478160104 23879 387519 SH SOLE 387519 0 0 Johnson Controls, Inc. COM 478366107 2101 18150 SH SOLE 18150 0 0 Joy Global, Inc. COM 481165108 422 7230 SH SOLE 7230 0 0 Juniper Networks, Inc. COM 48203R104 2238 88920 SH SOLE 88920 0 0 K B Home COM 48666K109 1075 27300 SH SOLE 27300 0 0 K L A -Tencor Corporation COM 482480100 1315 23940 SH SOLE 23940 0 0 KBR, Inc. COM 48242W106 478 18200 SH SOLE 18200 0 0 KELLWOOD CO. COM 488044108 287 10200 SH SOLE 10200 0 0 KEMET Corporation COM 488360108 213 30100 SH SOLE 30100 0 0 Kaman Corporation COM 483548103 3730 119600 SH SOLE 119600 0 0 Keithley Instruments, Inc. COM 487584104 2303 183500 SH SOLE 183500 0 0 Kellogg Company COM 487836108 1727 33318 SH SOLE 33318 0 0 KeySpan Gas East Corporation COM 49337W100 658 15655 SH SOLE 15655 0 0 Keycorp COM 493267108 1487 43290 SH SOLE 43290 0 0 Kimberly-Clark Corporation COM 494368103 3371 50399 SH SOLE 50399 0 0 Kimco Realty Corporation COM 49446R109 2151 56500 SH SOLE 56500 0 0 King Pharmaceuticals, Inc. COM 495582108 1672 81660 SH SOLE 81660 0 0 Kirin Brewery Company Ltd COM 497350306 446 30173 SH SOLE 30173 0 0 Kohl's Corporation COM 500255104 3020 42510 SH SOLE 42510 0 0 Kraft Foods, Inc. COM 50075N104 11604 329200 SH SOLE 329200 0 0 Kroger Company COM 501044101 6364 226224 SH SOLE 226224 0 0 L S I Corporation COM 502161102 189 25113 SH SOLE 25113 0 0 L-3 Communications Hldgs, Inc. COM 502424104 4385 45034 SH SOLE 45034 0 0 LIBERTY GLOBAL, INC. COM 530555101 797 19420 SH SOLE 19420 0 0 Laboratory Corp. of America COM 50540R409 1127 14400 SH SOLE 14400 0 0 Lake Shore Bancorp, Inc. COM 510700107 1458 123000 SH SOLE 123000 0 0 Lam Research Corporation COM 512807108 202 3940 SH SOLE 3940 0 0 Landstar System, Inc. COM 515098101 439 9100 SH SOLE 9100 0 0 Legg Mason, Inc. COM 524901105 494 5000 SH SOLE 5000 0 0 Leggett & Platt, Inc. COM 524660107 351 15860 SH SOLE 15860 0 0 Lehman Brothers Holdings, Inc. COM 524908100 6513 87386 SH SOLE 87386 0 0 Lennar Corporation COM 526057104 1203 32900 SH SOLE 32900 0 0 Level 3 Communications, Inc. CONV 52729NBK5 2522 2000000 SH SOLE 2000000 0 0 Lexmark International, Inc. COM 529771107 749 15174 SH SOLE 15174 0 0 Liberty Media Corporation COM 53071M104 1206 54000 SH SOLE 54000 0 0 Liberty Media Corporation COM 53071M302 1603 13627 SH SOLE 13627 0 0 Liberty Property LP COM 531172104 811 18468 SH SOLE 18468 0 0 Lihir Gold Limited COM 532349107 256 10000 SH SOLE 10000 0 0 Lincare Holdings, Inc. COM 532791100 308 7740 SH SOLE 7740 0 0 Lincoln National Corporation COM 534187109 3737 52690 SH SOLE 52690 0 0 Lockheed Martin Corporation COM 539830109 6372 67700 SH SOLE 67700 0 0 Loews Corporation COM 540424108 2928 57429 SH SOLE 57429 0 0 Loews Corporation COM 540424207 2000 25885 SH SOLE 25885 0 0 Lonmin PLC COM 54336Q203 481 6000 SH SOLE 6000 0 0 Loral Space & Communications COM 543881106 6261 127041 SH SOLE 127041 0 0 Lubrizol Corporation COM 549271104 1660 25704 SH SOLE 25704 0 0 Lyondell Chemical Company COM 552078107 610 16444 SH SOLE 16444 0 0 M & T Bank Corporation COM 55261F104 868 8128 SH SOLE 8128 0 0 M B I A, Inc. COM 55262C100 1909 30687 SH SOLE 30687 0 0 M C G Capital Corporation COM 58047P107 248 15500 SH SOLE 15500 0 0 M D U Resources Group, Inc. COM 552690109 360 12800 SH SOLE 12800 0 0 M F R I, Inc. COM 552721102 15464 552500 SH SOLE 552500 0 0 M G I C Investment Corporation COM 552848103 485 8519 SH SOLE 8519 0 0 M S C Software Corp. COM 553531104 2302 170000 SH SOLE 170000 0 0 M V C Capital, Inc. COM 553829102 5963 317000 SH SOLE 317000 0 0 M W I Veterinary Supply, Inc. COM 55402X105 12270 307600 SH SOLE 307600 0 0 MEMC ELECTRONIC MATERIALS COM 552715104 1493 24430 SH SOLE 24430 0 0 MICRONETICS, INC. COM 595125105 1832 200000 SH SOLE 200000 0 0 MMC Norilsk Nickel COM 46626D108 332 1500 SH SOLE 1500 0 0 Mac-Gray Corporation COM 554153106 5233 342000 SH SOLE 342000 0 0 Mack-Cali Realty Corporation COM 554489104 298 6834 SH SOLE 6834 0 0 Macy's Inc. COM 55616P104 5679 142724 SH SOLE 142724 0 0 Magyar Bancorp, Inc. COM 55977T109 1440 102000 SH SOLE 102000 0 0 Malaysia Fund Inc COM 560905101 739 80000 SH SOLE 80000 0 0 Manitowoc Company, Inc. COM 563571108 779 9705 SH SOLE 9705 0 0 Manor Care, Inc. COM 564055101 266 4080 SH SOLE 4080 0 0 Manpower, Inc. COM 56418H100 216 2350 SH SOLE 2350 0 0 Marathon Oil Corporation COM 565849106 9627 160528 SH SOLE 160528 0 0 Markel Corporation COM 570535104 262 540 SH SOLE 540 0 0 Marriott International, Inc. COM 571903202 714 16500 SH SOLE 16500 0 0 Marsh & McLennan Co, Inc. COM 571748102 776 25100 SH SOLE 25100 0 0 Marshall & Ilsley Corp. COM 571834100 1183 24818 SH SOLE 24818 0 0 Masco Corporation COM 574599106 2179 76560 SH SOLE 76560 0 0 MassMutual Assignment Company COM 57543MMA0 0 10000 SH SOLE 10000 0 0 MassMutual Capital Partners LL COM 576291MM7 100 100000 SH SOLE 100000 0 0 MassMutual Corporate Value Ltd COM 576293MM3 20749 1220 SH SOLE 1220 0 0 MassMutual Holding (Bermuda) L COM 575432MM8 0 80000000 SH SOLE 80000000 0 0 MasterCard, Inc. COM 57636Q104 238 1430 SH SOLE 1430 0 0 Mattel, Inc. COM 577081102 3164 125054 SH SOLE 125054 0 0 Maxim Integrated Products COM 57772K101 289 8650 SH SOLE 8650 0 0 McAfee, Inc. COM 579064106 626 17780 SH SOLE 17780 0 0 McDermott International, Inc. COM 580037109 382 4600 SH SOLE 4600 0 0 McDonald's Corporation COM 580135101 13160 259298 SH SOLE 259298 0 0 McGraw-Hill Companies, Inc. COM 580645109 4018 59020 SH SOLE 59020 0 0 McKesson Corporation COM 58155Q103 4212 70607 SH SOLE 70607 0 0 Medco Health Solutions, Inc. COM 58405U102 3851 49380 SH SOLE 49380 0 0 Mediacom Communications Corp. COM 58446K105 143 14800 SH SOLE 14800 0 0 Medtronic, Inc. COM 585055106 2941 56690 SH SOLE 56690 0 0 Mellon Financial Corporation COM 58551A108 994 22578 SH SOLE 22578 0 0 Mercer International, Inc. COM 588056101 117 11500 SH SOLE 11500 0 0 Merck & Co., Inc. COM 589331107 10547 211788 SH SOLE 211788 0 0 Meredith Corporation COM 589433101 3202 51980 SH SOLE 51980 0 0 Merrill Lynch & Company, Inc. COM 590188108 13015 155728 SH SOLE 155728 0 0 Metalico, Inc. COM 591176102 143 18000 SH SOLE 18000 0 0 Metallica Resources, Inc. COM 59125J104 54 12000 SH SOLE 12000 0 0 Metlife, Inc. COM 59156R108 7738 120006 SH SOLE 120006 0 0 Mettler-Toledo Intl, Inc. COM 592688105 711 7440 SH SOLE 7440 0 0 Microchip Technology, Inc. COM 595017104 235 6360 SH SOLE 6360 0 0 Microsoft Corporation COM 594918104 28897 980560 SH SOLE 980560 0 0 Millennium Cell, Inc. COM 60038B105 7 10000 SH SOLE 10000 0 0 Mirant North America LLC COM 60467R100 615 14400 SH SOLE 14400 0 0 Mitsubishi Estate Company Ltd COM 606783207 582 2150 SH SOLE 2150 0 0 Mohawk Industries, Inc. COM 608190104 648 6430 SH SOLE 6430 0 0 Moldflow Corporation COM 608507109 2810 127830 SH SOLE 127830 0 0 Molson Coors Brewing Co. COM 60871R209 817 8828 SH SOLE 8828 0 0 Monsanto Company COM 61166W101 5714 84590 SH SOLE 84590 0 0 Moody's Corporation COM 615369105 1925 30960 SH SOLE 30960 0 0 Moog, Inc. COM 615394202 212 4800 SH SOLE 4800 0 0 Morgan Stanley COM 617446448 19802 236066 SH SOLE 236066 0 0 Motorola, Inc. COM 620076109 355 20100 SH SOLE 20100 0 0 N C R Corporation COM 62886E108 1537 29262 SH SOLE 29262 0 0 N R G Energy, Inc. COM 629377508 374 9000 SH SOLE 9000 0 0 N S T A R COM 67019E107 7729 238186 SH SOLE 238186 0 0 N V R, INC. COM 62944T105 646 950 SH SOLE 950 0 0 NORTH AMERICAN PALLADIUM LTD COM 656912102 381 40000 SH SOLE 40000 0 0 NOVASTAR FINANCIAL, INC. COM 669947400 5389 772000 SH SOLE 772000 0 0 NVIDIA Corporation COM 67066G104 2191 53010 SH SOLE 53010 0 0 NYSE Euronext COM 629491101 368 5000 SH SOLE 5000 0 0 Nabors Industries LTD CONV 629568AF3 61508 89467174 SH SOLE 89467174 0 0 Nabors Industries LTD COM G6359F103 283 8500 SH SOLE 8500 0 0 Nalco Holding Co. COM 62985Q101 912 33200 SH SOLE 33200 0 0 National Beverage Corporation COM 635017106 3453 300000 SH SOLE 300000 0 0 National City Corporation COM 635405103 2079 62398 SH SOLE 62398 0 0 National Fuel Gas Company COM 636180101 414 9548 SH SOLE 9548 0 0 National Oilwell Varco, Inc. COM 637071101 7820 75020 SH SOLE 75020 0 0 National Semiconductor Corp. COM 637640103 1709 60430 SH SOLE 60430 0 0 Nationwide Financial Svcs, Inc COM 638612101 427 6738 SH SOLE 6738 0 0 Nbty, Inc. COM 628782104 1110 25700 SH SOLE 25700 0 0 Network Appliance, Inc. COM 64120L104 797 27290 SH SOLE 27290 0 0 New York Community Bancorp COM 649445103 340 19990 SH SOLE 19990 0 0 Newell Rubbermaid, Inc. COM 651229106 964 32719 SH SOLE 32719 0 0 Newtek Business Services, Inc. COM 652526104 486 255451 SH SOLE 255451 0 0 Nextel Communications, Inc. CONV 65332VAY9 4268 4295000 SH SOLE 4295000 0 0 Nicor, Inc. COM 654086107 1704 39700 SH SOLE 39700 0 0 Nike, Inc. COM 654106103 1934 33180 SH SOLE 33180 0 0 Nintendo Co. Ltd COM 654445303 412 9000 SH SOLE 9000 0 0 Nisource, Inc. COM 65473P105 1133 54686 SH SOLE 54686 0 0 Noble Energy, Inc. COM 655044105 1117 17900 SH SOLE 17900 0 0 Nordstrom, Inc. COM 655664100 1383 27040 SH SOLE 27040 0 0 Norfolk Southern Railway Corp. COM 655844108 4919 93560 SH SOLE 93560 0 0 Nortel Networks Corporation CONV 656568AB8 8346 8463000 SH SOLE 8463000 0 0 NorthStar Realty Finance Corp. COM 66704R100 148 11800 SH SOLE 11800 0 0 Northeast Utilities COM 664397106 725 25538 SH SOLE 25538 0 0 Northern Trust Corporation COM 665859104 635 9900 SH SOLE 9900 0 0 Northrop-Grumman Corporation COM 666807102 5699 73179 SH SOLE 73179 0 0 Northwest Airlines Corp. COM 667280408 7713 347451 SH SOLE 347451 0 0 Northwest Airlines Corp. CONV 667280AC5 592 800000 SH SOLE 800000 0 0 Northwest Airlines Corp. CONV 667280AE1 373 500000 SH SOLE 500000 0 0 Novell, Inc. COM 670006105 1904 244300 SH SOLE 244300 0 0 Nu Horizons Electronics Corp. COM 669908105 3088 232000 SH SOLE 232000 0 0 Nucor Corporation COM 670346105 2469 42107 SH SOLE 42107 0 0 O G E Energy Corporation COM 670837103 767 20924 SH SOLE 20924 0 0 ON Semiconductor Corporation COM 682189105 158 14700 SH SOLE 14700 0 0 Occidental Petroleum Corp. COM 674599105 10172 175734 SH SOLE 175734 0 0 Old Republic Intl Corporation COM 680223104 263 12369 SH SOLE 12369 0 0 Omnicom Group, Inc. COM 681919106 2316 43760 SH SOLE 43760 0 0 Omnicom Group, Inc. CONV 681919AK2 21606 20800000 SH SOLE 20800000 0 0 Oneok, Inc. COM 682680103 784 15547 SH SOLE 15547 0 0 Opteum, Inc. COM 68384A100 1632 600000 SH SOLE 600000 0 0 Oracle Systems Corporation COM 68389X105 10214 518260 SH SOLE 518260 0 0 Orbital Sciences Corp. COM 685564106 6458 307400 SH SOLE 307400 0 0 Overseas Shipholding Group COM 690368105 1046 12833 SH SOLE 12833 0 0 Owens - Illinois, Inc. CONV 690768502 3614 85560 SH SOLE 85560 0 0 Owens Corning, Inc. COM 690742101 249 7400 SH SOLE 7400 0 0 Oyo Goespace Corp. COM 671074102 18177 245000 SH SOLE 245000 0 0 P G & E Corporation COM 69331C108 3384 74696 SH SOLE 74696 0 0 P M I Group, Inc. COM 69344M101 296 6614 SH SOLE 6614 0 0 P N C Finl Services Group COM 693475105 4814 67245 SH SOLE 67245 0 0 P P G Industries, Inc. COM 693506107 515 6770 SH SOLE 6770 0 0 P P L Corporation COM 69351T106 1336 28584 SH SOLE 28584 0 0 PARTNERRE LTD COM G6852T105 1666 21500 SH SOLE 21500 0 0 POWELL INDUSTRIES, INC. COM 739128106 16970 534300 SH SOLE 534300 0 0 Paccar, Inc. COM 693718108 422 4840 SH SOLE 4840 0 0 Pactiv Corporation COM 695257105 2989 93720 SH SOLE 93720 0 0 Pall Corporation COM 696429307 603 13140 SH SOLE 13140 0 0 Park Electrochemical Corp. COM 700416209 225 8000 SH SOLE 8000 0 0 Parker-Hannifin Corporation COM 701094104 4278 43692 SH SOLE 43692 0 0 Participation Investors COM 576299101 480 32531 SH SOLE 32531 0 0 Patterson - UTI Energy, Inc. COM 703481101 443 16900 SH SOLE 16900 0 0 Peninsula Gaming LLC CONV 707133302 488 40492 SH SOLE 40492 0 0 Penney (JC) Company, Inc. COM 708160106 514 7120 SH SOLE 7120 0 0 Pepco Holdings, Inc. COM 713291102 355 12558 SH SOLE 12558 0 0 Pepsi Bottling Group, Inc. COM 713409100 773 22924 SH SOLE 22924 0 0 PepsiAmericas, Inc. COM 71343P200 2953 120245 SH SOLE 120245 0 0 Pepsico, Inc. COM 713448108 14171 218510 SH SOLE 218510 0 0 Perkinelmer, Inc. COM 714046109 449 17256 SH SOLE 17256 0 0 Petroleo Brasileiro S.A. COM 71654V408 425 3500 SH SOLE 3500 0 0 Pfizer, Inc. COM 717081103 36172 1414648 SH SOLE 1414648 0 0 Pharmion Corp. COM 71715B409 2947 101800 SH SOLE 101800 0 0 Phillips-Van Heusen Corp. COM 718592108 423 7000 SH SOLE 7000 0 0 Photronics, Inc. COM 719405102 167 11200 SH SOLE 11200 0 0 Pinnacle West Capital COM 723484101 720 18036 SH SOLE 18036 0 0 Polo Ralph Lauren Corp. COM 731572103 480 4880 SH SOLE 4880 0 0 Popular, Inc. COM 733174106 311 19357 SH SOLE 19357 0 0 Portland General Electric Co. COM 736508847 258 9400 SH SOLE 9400 0 0 Potash Corporation COM 73755L107 897 11500 SH SOLE 11500 0 0 PowerShares DB COM 73935S105 2037 79000 SH SOLE 79000 0 0 PowerShares DB COM 73936B408 1953 73800 SH SOLE 73800 0 0 Praxair, Inc. COM 74005P104 1114 15470 SH SOLE 15470 0 0 Precision Castparts Corp. COM 740189105 509 4200 SH SOLE 4200 0 0 Premiere Global Services, Inc. COM 740585104 134 10300 SH SOLE 10300 0 0 Principal Financial Group COM 74251V102 650 11160 SH SOLE 11160 0 0 ProLogis Trust COM 743410102 1833 32200 SH SOLE 32200 0 0 Procter & Gamble Company COM 742718109 26950 440436 SH SOLE 440436 0 0 Progress Energy, Inc. COM 743263105 2667 58533 SH SOLE 58533 0 0 Progressive Corporation COM 743315103 1763 73657 SH SOLE 73657 0 0 Protective Life Corporation COM 743674103 658 13766 SH SOLE 13766 0 0 Prudential Financial, Inc. COM 744320102 9954 102375 SH SOLE 102375 0 0 Public Svc Enterprise Group COM 744573106 3506 39941 SH SOLE 39941 0 0 Pyramid Breweries, Inc. COM 747135101 121 35200 SH SOLE 35200 0 0 Qualcom, Inc. COM 747525103 4713 108600 SH SOLE 108600 0 0 Quantum Fuel Systems Technolog COM 74765E109 24 15000 SH SOLE 15000 0 0 Questar Corporation COM 748356102 205 3880 SH SOLE 3880 0 0 Qwest Communications Intl COM 749121109 3192 329065 SH SOLE 329065 0 0 R B C Bearings, Inc. COM 75524B104 7362 178479 SH SOLE 178479 0 0 R H Donnelley, Inc. COM 74955W307 349 4620 SH SOLE 4620 0 0 R P C, INC. COM 749660106 4486 263300 SH SOLE 263300 0 0 R R Donnelley & Sons Company COM 257867101 1834 42158 SH SOLE 42158 0 0 REGIONS FINANCIAL CORP. COM 7591EP100 4572 138132 SH SOLE 138132 0 0 RENAISSANCERE HOLDINGS LTD COM G7496G103 1097 17700 SH SOLE 17700 0 0 REYNOLDS AMERICAN, INC. COM 761713106 2049 31432 SH SOLE 31432 0 0 Radioshack Corporation COM 750438103 7111 214570 SH SOLE 214570 0 0 Rayonier, Inc. COM 754907103 479 10610 SH SOLE 10610 0 0 Raytheon Company COM 755111507 5431 100788 SH SOLE 100788 0 0 Regal Entertainment Group COM 758766109 1919 87550 SH SOLE 87550 0 0 Reinsurance Group of America COM 759351109 666 11043 SH SOLE 11043 0 0 Reliance Steel & Aluminum Co. COM 759509102 248 4400 SH SOLE 4400 0 0 Reliant Energy, Inc. COM 75952B105 639 23700 SH SOLE 23700 0 0 Repsol YPF SA COM 76026T205 755 19500 SH SOLE 19500 0 0 Republic Services COM 760759100 467 15212 SH SOLE 15212 0 0 Resource Capital Corporation COM 76120W302 280 20000 SH SOLE 20000 0 0 Rio Narcea Gold Mines Ltd COM 766909105 50 10000 SH SOLE 10000 0 0 Rio Tinto plc COM 767204100 735 2400 SH SOLE 2400 0 0 Rock-Tenn Company COM 772739207 1599 50400 SH SOLE 50400 0 0 Rockwell Automation, Inc. COM 773903109 1178 16960 SH SOLE 16960 0 0 Rockwell Collins, Inc. COM 774341101 1037 14700 SH SOLE 14700 0 0 Rogers Communications, Inc. COM 775109200 241 5654 SH SOLE 5654 0 0 Rohm and Haas Company COM 775371107 683 12510 SH SOLE 12510 0 0 Roper Industries, Inc. COM 776696106 234 4100 SH SOLE 4100 0 0 Ross Stores, Inc. COM 778296103 523 16990 SH SOLE 16990 0 0 Russell-Stanley Holding, Inc. COM 782676100 0 220000 SH SOLE 220000 0 0 Ryder System, Inc. COM 783549108 327 6074 SH SOLE 6074 0 0 S L M Corporation COM 78442P106 1805 31350 SH SOLE 31350 0 0 S P X Corporation COM 784635104 525 5967 SH SOLE 5967 0 0 S P X Corporation CONV 784635AD6 0 10000000 SH SOLE 10000000 0 0 SEARS HOLDINGS CORP. COM 812350106 1048 6182 SH SOLE 6182 0 0 SELECT SECTOR SPDR TRUST COM 81369Y506 2070 30000 SH SOLE 30000 0 0 SIRIUS SATELLITE RADIO, INC. COM 82966U103 137 45490 SH SOLE 45490 0 0 SOUTHERN COPPER CORP. COM 84265V105 11944 126700 SH SOLE 126700 0 0 STANLEY WORKS COM 854616109 1689 27818 SH SOLE 27818 0 0 SUNCOR ENERGY, INC. COM 867229106 540 6000 SH SOLE 6000 0 0 Safeco Corporation COM 786429100 957 15375 SH SOLE 15375 0 0 Safeway, Inc. COM 786514208 3119 91638 SH SOLE 91638 0 0 Saks, Inc. COM 79377W108 255 11870 SH SOLE 11870 0 0 Sally Beauty Co. COM 79546E104 225 25000 SH SOLE 25000 0 0 Samsonite Corporation COM 79604V105 58093 44687813 SH SOLE 44687813 0 0 Sara Lee Corporation COM 803111103 1918 110109 SH SOLE 110109 0 0 Scana Corporation COM 80589M102 314 8201 SH SOLE 8201 0 0 Schering-Plough Corporation COM 806605101 4304 141400 SH SOLE 141400 0 0 Schlumberger Limited COM 806857108 2904 34200 SH SOLE 34200 0 0 Schwab Charles Corporation COM 808513105 695 33870 SH SOLE 33870 0 0 Scripps E W Company COM 811054204 278 6100 SH SOLE 6100 0 0 Sealed Air Corporation COM 81211K100 595 19232 SH SOLE 19232 0 0 Sempra Energy COM 816851109 4235 71491 SH SOLE 71491 0 0 Sepracor, Inc. COM 817315104 217 5300 SH SOLE 5300 0 0 Service Corp. Intl COM 817565104 1235 96668 SH SOLE 96668 0 0 ServiceMaster Company COM 81760N109 282 18250 SH SOLE 18250 0 0 Shaw Group, Inc. CONV 820280AB1 27500 27500000 SH SOLE 27500000 0 0 Sherwin-Williams Company COM 824348106 1409 21190 SH SOLE 21190 0 0 Sigma-Aldrich Corporation COM 826552101 652 15282 SH SOLE 15282 0 0 Silicon Storage Tech, Inc. COM 827057100 233 62500 SH SOLE 62500 0 0 Silver Wheaton Corporation COM 828336107 175 15000 SH SOLE 15000 0 0 Sky Financial Group, Inc. COM 83080P103 224 8024 SH SOLE 8024 0 0 Smith & Wesson Holding Corp. COM 831756101 217 12900 SH SOLE 12900 0 0 Smurfit-Stone Container Corp. COM 832727101 157 11800 SH SOLE 11800 0 0 Snap-On COM 833034101 408 8099 SH SOLE 8099 0 0 Solectron Corporation CONV 834182AK3 2516 4463000 SH SOLE 4463000 0 0 Sonoco Products Company COM 835495102 1193 27867 SH SOLE 27867 0 0 Southern Company COM 842587107 5880 171451 SH SOLE 171451 0 0 Southwestern Energy Company COM 845467109 237 5300 SH SOLE 5300 0 0 Sovereign Bancorp, Inc. COM 845905108 924 43700 SH SOLE 43700 0 0 Spirit Finance Corp. COM 848568309 160 11000 SH SOLE 11000 0 0 Sprint Nextel Corporation COM 852061100 7620 367961 SH SOLE 367961 0 0 St. Jude Medical, Inc. COM 790849103 677 16300 SH SOLE 16300 0 0 Standard Parking Corporation COM 853790103 7692 218978 SH SOLE 218978 0 0 Star Maritime Acquisition COM 85516E107 152 12400 SH SOLE 12400 0 0 Starwood Hotels & Resorts COM 85590A401 1084 16160 SH SOLE 16160 0 0 State Street Corporation COM 857477103 1212 17700 SH SOLE 17700 0 0 Steel Dynamics, Inc. COM 858119100 363 8618 SH SOLE 8618 0 0 Steelcase, Inc. COM 858155203 253 13648 SH SOLE 13648 0 0 Sterling Financial Corp. COM 859317109 174 16500 SH SOLE 16500 0 0 Stillwater Mining Company COM 86074Q102 292 26500 SH SOLE 26500 0 0 Stryker Corporation COM 863667101 645 10230 SH SOLE 10230 0 0 Sun Microsystems, Inc. COM 866810104 2174 413432 SH SOLE 413432 0 0 Sunoco, Inc. COM 86764P109 778 9750 SH SOLE 9750 0 0 Suntrust Banks, Inc. COM 867914103 3499 40811 SH SOLE 40811 0 0 Supervalu, Inc. COM 868536103 2496 53900 SH SOLE 53900 0 0 Supreme Industries, Inc. COM 868607102 1741 250917 SH SOLE 250917 0 0 Symantec Corporation COM 871503108 2408 119180 SH SOLE 119180 0 0 Synergy Financial Corp. COM 87162V102 2562 192000 SH SOLE 192000 0 0 Synopsys, Inc. COM 871607107 690 26090 SH SOLE 26090 0 0 Synovus Financial Group COM 87161C105 712 23210 SH SOLE 23210 0 0 T C F Financial Corporation COM 872275102 239 8581 SH SOLE 8581 0 0 T J X Companies, Inc. COM 872540109 2324 84560 SH SOLE 84560 0 0 T X U Corporation COM 873168108 1346 20000 SH SOLE 20000 0 0 THORNBURG MORTGAGE, INC. COM 885218107 669 25560 SH SOLE 25560 0 0 Tate & Lyle PLC COM 876570607 273 6000 SH SOLE 6000 0 0 Teco Energy, Inc. COM 872375100 590 34430 SH SOLE 34430 0 0 Tektronix, Inc. COM 879131100 550 16300 SH SOLE 16300 0 0 Teleflex, Inc. COM 879369106 1203 14701 SH SOLE 14701 0 0 Telefonos de Mexico SAB de CV COM 879403780 1402 37000 SH SOLE 37000 0 0 Telekomunik Indonesia COM 715684106 375 8700 SH SOLE 8700 0 0 Telephone and Data Sys, Inc. COM 879433100 307 4903 SH SOLE 4903 0 0 Temple-Inland, Inc. COM 879868107 1507 24481 SH SOLE 24481 0 0 Tenneco, Inc. COM 880349105 11913 340000 SH SOLE 340000 0 0 Teradyne, Inc. COM 880770102 5094 289680 SH SOLE 289680 0 0 Terex Corporation COM 880779103 583 7180 SH SOLE 7180 0 0 Tesoro Petroleum Corporation COM 881609101 669 11700 SH SOLE 11700 0 0 Texas Instruments, Inc. COM 882508104 5635 149770 SH SOLE 149770 0 0 Thermo Fisher Scientific, Inc. COM 883556102 3096 59865 SH SOLE 59865 0 0 Thomas & Betts Corporation COM 884315102 793 13680 SH SOLE 13680 0 0 Tidewater, Inc. COM 886423102 2185 30831 SH SOLE 30831 0 0 Tiffany & Co. COM 886547108 361 6800 SH SOLE 6800 0 0 Time Warner Cable, Inc. COM 88732J108 287 7300 SH SOLE 7300 0 0 Time Warner, Inc. COM 887317105 10200 484751 SH SOLE 484751 0 0 Torchmark Corporation COM 891027104 1401 20919 SH SOLE 20919 0 0 Total System Services, Inc. COM 891906109 681 23080 SH SOLE 23080 0 0 Transatlantic Holdings, Inc. COM 893521104 482 6776 SH SOLE 6776 0 0 Transocean, Inc. COM G90078109 6455 60900 SH SOLE 60900 0 0 Travelers Cos, Inc. COM 89417E109 8153 152409 SH SOLE 152409 0 0 Tribune Company COM 896047107 558 18989 SH SOLE 18989 0 0 Tricon Global Restaurants, Inc COM 988498101 2349 71820 SH SOLE 71820 0 0 Tyco International Ltd COM 902124106 8803 260551 SH SOLE 260551 0 0 Tyco International Ltd CONV 902124AC0 15615 20083333 SH SOLE 20083333 0 0 Tyson Foods, Inc. COM 902494103 1849 80200 SH SOLE 80200 0 0 U A L Corporation COM 902549807 427 10527 SH SOLE 10527 0 0 U G I Corporation COM 902681105 343 12588 SH SOLE 12588 0 0 U R S Corporation COM 903236107 1414 29122 SH SOLE 29122 0 0 U S Bancorp COM 902973304 6787 206018 SH SOLE 206018 0 0 U S T, Inc. COM 902911106 8042 149731 SH SOLE 149731 0 0 UNITED ONLINE, INC. COM 911268100 182 11100 SH SOLE 11100 0 0 UTStarcom, Inc. COM 918076100 95 16900 SH SOLE 16900 0 0 Union Pacific Corporation COM 907818108 4847 42092 SH SOLE 42092 0 0 United States Cellular Corp. COM 911684108 391 4320 SH SOLE 4320 0 0 United States Steel Corp. COM 912909108 4585 42162 SH SOLE 42162 0 0 United Technologies Corp. COM 913017109 12439 175381 SH SOLE 175381 0 0 UnitedHealth Group, Inc. COM 91324P102 5690 111280 SH SOLE 111280 0 0 Universal Corporation COM 913456109 219 3600 SH SOLE 3600 0 0 Unum Group COM 91529Y106 1538 58890 SH SOLE 58890 0 0 Uroplasty, Inc. COM 917277204 2989 700000 SH SOLE 700000 0 0 V F Corporation COM 918204108 897 9809 SH SOLE 9809 0 0 VARIAN SEMICONDUCTOR EQUIPMENT COM 922207105 262 6550 SH SOLE 6550 0 0 Valeant Pharmaceuticals Intl COM 91911X104 2386 143000 SH SOLE 143000 0 0 Valero Energy Corporation COM 91913Y100 5362 72611 SH SOLE 72611 0 0 Vectren Corporation COM 92240G101 702 26048 SH SOLE 26048 0 0 Ventas, Inc. COM 92276F100 208 5730 SH SOLE 5730 0 0 VeriSign, Inc. COM 92343E102 841 26510 SH SOLE 26510 0 0 Verizon Communications, Inc. COM 92343V104 14821 359966 SH SOLE 359966 0 0 Viacom, Inc. COM 92553P201 3489 83800 SH SOLE 83800 0 0 Vimpel-Communications COM 68370R109 843 8000 SH SOLE 8000 0 0 Virgin Media, Inc. COM 92769L101 3619 148478 SH SOLE 148478 0 0 Vishay Intertechnology, Inc. COM 928298108 941 59480 SH SOLE 59480 0 0 Vulcan Materials Company COM 929160109 851 7420 SH SOLE 7420 0 0 WCA Waste Systems, Inc. COM 92926K103 1286 145000 SH SOLE 145000 0 0 WELLPOINT, INC. COM 94973V107 4524 56673 SH SOLE 56673 0 0 WR Berkley Corporation COM 084423102 311 9534 SH SOLE 9534 0 0 Wachovia Corporation COM 929903102 11817 230587 SH SOLE 230587 0 0 Wal-Mart Stores, Inc. COM 931142103 3460 71920 SH SOLE 71920 0 0 Walgreen Company COM 931422109 4228 97100 SH SOLE 97100 0 0 Walt Disney Company COM 254687106 15444 452387 SH SOLE 452387 0 0 Washington Mutual, Inc. COM 939322103 3963 92968 SH SOLE 92968 0 0 Waste Management, Inc. COM 94106L109 14406 368921 SH SOLE 368921 0 0 Watson Pharmaceuticals, Inc. COM 942683103 2097 64436 SH SOLE 64436 0 0 Wells Fargo & Company COM 949746101 16016 455400 SH SOLE 455400 0 0 Wendy's International, Inc. COM 950590109 2077 56510 SH SOLE 56510 0 0 Western Digital Corp. COM 958102105 368 18960 SH SOLE 18960 0 0 Western Refining, Inc. COM 959319104 642 11100 SH SOLE 11100 0 0 Western Union Co. COM 959802109 1817 87200 SH SOLE 87200 0 0 Weyerhaeuser Company COM 962166104 9282 117600 SH SOLE 117600 0 0 Whirlpool Corporation COM 963320106 2968 26700 SH SOLE 26700 0 0 Willbros Group, Inc. COM 969199108 219 7372 SH SOLE 7372 0 0 Williams Companies, Inc. COM 969457100 5941 187950 SH SOLE 187950 0 0 Windstream Corporation COM 97381W104 1022 69275 SH SOLE 69275 0 0 Winston Hotels, Inc. COM 97563A102 284 18900 SH SOLE 18900 0 0 Winthrop Realty Trust COM 976391102 139 20100 SH SOLE 20100 0 0 Wisconsin Energy Corp. COM 976657106 347 7852 SH SOLE 7852 0 0 Wm Wrigley Jr Company COM 982526105 741 13400 SH SOLE 13400 0 0 Wyeth COM 983024100 15775 275116 SH SOLE 275116 0 0 Wyndham Worldwide Corp. COM 98310W108 701 19320 SH SOLE 19320 0 0 X L Capital Ltd COM G98255105 4316 51200 SH SOLE 51200 0 0 XCEL Energy, Inc. COM 98389B100 1734 84712 SH SOLE 84712 0 0 Xerox Corporation COM 984121103 5325 288188 SH SOLE 288188 0 0 Xilinx, Inc. COM 983919101 972 36350 SH SOLE 36350 0 0 Yahoo!, Inc. COM 984332106 539 19800 SH SOLE 19800 0 0 Yara International ASA COM 984851204 721 24000 SH SOLE 24000 0 0 Zimmer Holdings, Inc. COM 98956P102 1614 19030 SH SOLE 19030 0 0 Zions Bancorporation COM 989701107 863 11236 SH SOLE 11236 0 0 iCAD, Inc. COM 44934S107 1111 268300 SH SOLE 268300 0 0