SEC NEWS DIGEST

Issue 2004-174                                              September 9, 2004
     

ENFORCEMENT PROCEEDINGS


IN THE MATTER OF EMANUELE CARDACI

     On  September  8,  the  Commission issued an  Order  Instituting  Public
     Administrative  Proceedings Pursuant to Section 15(b) of the  Securities
     Exchange  Act  of  1934  (Order) against Emanuele Cardaci  (Cardaci),  a
     resident of Boca Raton, Florida.  The Order alleges, among other things,
     that  Cardaci  received transaction-based compensation in  the  form  of
     commissions in connection with the unregistered offer and sale  of  Link
     Express  Delivery Solutions, Inc. (Link) securities.  The Order  further
     alleges that Cardaci was associated as a registered representative  with
     at  least  one registered broker-dealer during the relevant time  period
     and  sold the Link securities without the knowledge or approval  of  the
     broker-dealer(s)  with which he was associated. The Order  also  alleges
     that  on March 27, 2002, Cardaci was permanently enjoined from violating
     Sections  5(a) and 5(c) of the Securities Act of 1933 and Section  15(a)
     of the Exchange Act in the district court action Securities and Exchange
     Commission  v.  Paul  R. Johnson, et al., Case No.  01-7874-HURLEY/LYNCH
     (S.D. Fla.) (LR-17277).
     
     A  hearing  will  be  scheduled before an administrative  law  judge  to
     determine  whether the allegations contained in the Order are  true,  to
     provide  Cardaci  an  opportunity to dispute these allegations,  and  to
     determine  what remedial sanctions, if any, are appropriate and  in  the
     public  interest.  The Order requires the Administrative  Law  Judge  to
     issue  an  initial  decision no later than 210 days  from  the  date  of
     service  of  this Order, pursuant to Rule 360(a)(2) of the  Commissions
     Rules of Practice.  (Rel. 34-50330; File No. 3-11637)
     
SEC CHARGES TWO SOUTHERN CALIFORNIA FIRMS AND THEIR PRINCIPALS WITH RUNNING A
$6.7 MILLION PRIME BANK PONZI SCHEME

     The  Commission filed a complaint today against two Southern  California
     firms  and  their principals, alleging securities fraud  and  securities
     registration  violations in a $6.7 million prime  bank  Ponzi  scheme.
     Named  in  the  complaint are RC Investment Corp. of  Westlake  Village,
     Pinnacle  Investment Corp. of Westlake Village, Robert A. Coberly,  Jr.,
     36, of Westlake Village, and Curtis D. Somoza, 36, of Beverly Hills.  As
     alleged in the complaint, prime bank instruments are supposedly  high-
     yield,  low-risk, and confidential investments.  One form  of  a  prime
     bank  scheme  involves a supposed bank trading program  where  investor
     funds  are  purportedly used to trade high-grade bank notes.   In  fact,
     such bank notes do not exist and are used to defraud investors.
     
     The  complaint  alleges  that, from September  2002  to  May  2003,  the
     defendants  offered  and  sold $6.7 million  worth  of  notes  to  fifty
     investors nationwide, claiming that the funds would be used to finance a
     purported trading program that would buy and sell high-grade AA and AAA-
     rated  bank  notes,  which is a common form of prime bank  instrument.
     The   complaint  also  alleges  that  the  defendants  represented  that
     investors  would  receive  a guaranteed 120%  per  year  return.   The
     complaint  further alleges that, contrary to their representations,  the
     defendants  instead  operated a Ponzi scheme, whereby  they  used  $3.11
     million  in new investor funds to pay existing investors.  The complaint
     also  alleges that the defendants misappropriated another $2.61  million
     in  investor  funds  to support their lavish lifestyles,  such  as  down
     payments on two luxury homes in Southern California and weekends at posh
     resorts,  and  to  finance other business ventures.   In  addition,  the
     complaint  alleges  that,  contrary to the defendants  representations,
     there was no bank note trading program.
     
     The  complaint,  which  was filed in the U.S.  District  Court  for  the
     Central District of California  Western Division, alleges that each  of
     the  defendants  violated  the  securities  registration  and  antifraud
     provisions  of  the federal securities laws, Sections  5(a),  5(c),  and
     17(a)  of  the  Securities Act of 1933, Section 10(b) of the  Securities
     Exchange  Act of 1934, and Rule 10b-5 thereunder.  The Commission  seeks
     permanent   injunctions  and  civil  penalties  against  each   of   the
     defendants.
     
     For  more  information about prime bank frauds, visit the  SECs  Prime
     Bank                Information                Center                at
     http://www.sec.gov/divisions/enforce/primebank.shtml.      To     report
     suspicious     activity     involving     possible     fraud,      visit
     http://www.sec.gov/complaint.shtm.   [SEC  v.   RC   Investment   Corp.,
     Pinnacle Investment Corp., Robert A. Coberly, Jr., and Curtis D. Somoza,
     No. CV 04-7400 GHK (Ex) (C.D. Cal.)] (LR-18872)
     
SEC  SETTLES  INSIDER  TRADING  CHARGES FILED AGAINST  HUSBAND  OF  LAW  FIRM
SECRETARY AND AGAINST NEW JERSEY BUSINESSMAN
Commission Also Bars Husband of Law Firm Secretary from Association with  Any
Broker or Dealer

     The  Commission  today announced that on September 3 the  U.S.  District
     Court  for  the  Southern District of New York entered a  settled  Final
     Judgment  as to Defendant Fiore J. Gallucci and a settled Final Judgment
     as  to Defendant Ronald A. Manzo, in a previously filed Commission civil
     injunctive  action.   The  Final Judgment against  Gallucci  permanently
     enjoins him from further violations of the federal securities laws.  The
     Final  Judgment  against  Manzo permanently  enjoins  him  from  further
     violations  of  the  federal  securities laws  and  orders  him  to  pay
     disgorgement  of the gains from his unlawful trading, in  an  amount  of
     $995,971,  together with prejudgment interest thereon in the  amount  of
     $399,713.   Gallucci and Manzo each consented to the entry of the  Final
     Judgments,  without  admitting  or  denying  the  allegations   in   the
     Commissions  complaint in the civil injunctive  action,  except  as  to
     jurisdiction.
     
     The  Commissions complaint alleges that the three defendants tipped and
     traded  on  the  basis of material, nonpublic information regarding  the
     identities of target companies in contemplated mergers and acquisitions.
     The  complaint  alleges  that, at various times during  1998  and  1999,
     Gallucci,  a  bond  salesman,  learned the identities  of  these  target
     companies from his wife, who was the secretary for a partner at the  law
     firm  of  Skadden  Arps  Slate Meagher & Flom.   The  complaint  further
     alleges  that  Gallucci  himself did not  trade  on  the  basis  of  the
     information, but that he misappropriated the information from  his  wife
     by  disclosing  it and its source to his long-time friend,  Manzo.   The
     Complaint  also alleges that Manzo purchased securities  of  the  target
     companies  and  that  Manzo  tipped others,  including  his  friend  and
     associate,  Gary B. Taffet, who was an owner of a company that  provided
     insurance advice to local government entities in New Jersey and who  had
     strong  political  ties  in the state.  Both  Gallucci  and  Manzo  have
     pleaded  guilty to related federal felony charges brought  by  the  U.S.
     Attorneys  Office  for  the  Southern District  of  New  York  and  are
     currently awaiting sentencing.
          
     The  Commission  today  also  announced the  institution  of  a  settled
     administrative  proceeding, barring Gallucci from associating  with  any
     broker or dealer, on the basis of the injunction entered against him  in
     the  Commissions civil action.  Gallucci was associated with Aubrey  G.
     Lanston  &  Co., Inc., a registered broker-dealer, at the  time  of  his
     insider  tipping.  Gallucci consented, without admitting or denying  the
     Commissions  substantive findings, to institution of  the  Commissions
     Order in its administrative proceeding.  (Rel. 34-50334; File  3-11638);
     [SEC  v. Fiore J. Gallucci, Ronald A. Manzo, and Gary B. Taffet, No.  CV
     04493, SAS, SDNY] (LR-18873)


SELF-REGULATORY ORGANIZATIONS
     

APPROVAL OF PROPOSED RULE CHANGE

     The  Commission  approved  a  proposed  rule  change  (SR-NASD-2004-102)
     submitted by the National Association of Securities Dealers, through its
     subsidiary,  the  Nasdaq  Stock Market, Inc., to  establish  a  fee  for
     Company Profile Reports of OTC Bulletin Board issuers.  (Rel. 34-50325)
     
PROPOSED RULE CHANGE

     The  Municipal Securities Rulemaking Board filed a proposed rule  change
     (SR-MSRB-2004-04) and Amendment No. 1 thereto relating to amendments  to
     eliminate  exemptions from the Continuing Education  Regulatory  Element
     Requirements.   Publication of the proposal is expected in  the  Federal
     Register during the week of September 6.  (Rel. 34-50328)
     

SECURITIES ACT REGISTRATIONS
     

     The following registration statements have been filed with the SEC under
     the  Securities  Act  of  1933.   The reported  information  appears  as
     follows:   Form,  Name, Address and Phone Number (if available)  of  the
     issuer  of the security; Title and the number and/or face amount of  the
     securities being offered; Name of the managing underwriter or  depositor
     (if  applicable);  File number and date filed; Assigned  Branch;  and  a
     designation if the statement is a New Issue.

     Registration statements may be obtained in person or by writing  to  the
     Commission's  Public  Reference  Branch  at  450  Fifth  Street,   N.W.,
     Washington,  D.C.  20549  or  at  the  following  e-mail  box   address:
     <publicinfo@sec.gov>.  In most cases, this information is also available
     on the Commission's website: <www.sec.gov>.


S-8     DIVERSIFIED FINANCIAL RESOURCES CORP, SANDRA JORGENSEN,
        1771 WOLVISON WAY, SAN DIEGO, CA, 92154, 6195757904 -
        9,000,000,000 ($135,000.00) Equity, (File 333-118847 - Sep. 8) (BR. 07)

S-3     OGE ENERGY CORP, 321 N HARVEY, P O BOX 321, OKLAHOMA CITY, OK,
        73101-0321, 4055533000 - 0 ($200,000,000.00) Other, (File 333-118848 -
        Sep. 8) (BR. 02)

S-3     MAXWELL TECHNOLOGIES INC, 8888 BALBOA AVENUE, SAN DIEGO, CA, 92123,
        8582795100 - 0 ($16,500,000.00) Other, (File 333-118849 - Sep. 8)
        (BR. 03)

S-4     ART TECHNOLOGY GROUP INC, 25 FIRST STREET, CAMBRIDGE, MA, 02141,
        6173861000 - 42,019,264 ($47,061,576.00) Equity, (File 333-118850 -
        Sep. 8) (BR. 03)

SB-2    ALPHARX INC, 168 KONRAD CRESCENT, SUITE 200, MARKHAM, A6, V6E2K3,
        (905) 479-3245 - 93,905,994 ($35,684,277.00) Equity, (File 333-118852 -
        Sep. 8) (BR. 01)

S-8     FIRST BANCORP /PR/, 1519 PONCE DE LEON AVE, SANTUREE, SAN JUAN, PR,
        00908, 7877298200 - 3,936,904 ($120,895,432.42) Equity,
        (File 333-118853 - Sep. 8) (BR. 07)

N-2     MAN-GLENWOOD LEXINGTON LLC, 225 WEST WASHINGTON STREET, SUITE 2150,
        CHICAGO, IL, 60606, 3124438400 - 969,180,074 ($100,000,000.00) Equity,
        (File 333-118854 - Sep. 8) (BR. 22)

S-8     NAVTEQ CORP, 222 MERCHANDISE MART PLAZA, THE MERCHANDISE MART STE. 900,
        CHICAGO, IL, 60654, 312-894-7000 - 0 ($165,455,985.04) Equity,
        (File 333-118856 - Sep. 8) (BR. 03)

S-3     BAYLAKE CORP, 217 N FOURTH AVE, PO BOX 9, STURGEON BAY, WI, 54235-0009,
        9207435551 - 0 ($14,700,000.00) Equity, (File 333-118857 - Sep. 8)
        (BR. 07)

S-8     NATUZZI S P A, VIA IAZZITIELLO 47, SANTERAMO ITALY, L6, 70029,
        0 ($30,625,000.00) Equity, (File 333-118858 - Sep. 8) (BR. 06)

SB-2    Pacific Coast National Bancorp, 1291 PUERTA DEL SOL, SUITE 200,
        SAN CLEMENTE, CA, 92673, 949-361-4300 - 0 ($26,090,000.00) Equity,
        (File 333-118859 - Sep. 8) (BR. )

S-11    INLAND WESTERN RETAIL REAL ESTATE TRUST INC,
        0 ($2,690,000,000.00) Equity, (File 333-118860 - Sep. 8) (BR. 08)

SB-2    Pegasus Air Group, Inc., 2708 FAIRMOUNT ST, DALLAS, TX, 75201,
        512-699-0560 - 6,208,000 ($2,552,000.00) Equity,
        2,000,000 ($0.00) Other, (File 333-118862 - Sep. 8) (BR. )

S-8     ANGLOTAJIK MINERALS INC, 433 N. CAMDEN DRIVE, 4TH FLOOR, SUITE 110,
        BEVERLY HILLS, CA, 90210, 310-285-1506 -
        12,000,000 ($600,000.00) Equity, (File 333-118863 - Sep. 8) (BR. 02)

S-8     SKILLSOFT PUBLIC LIMITED CO, 107 NORTHEASTERN BOULEVARD, NASHUA, NH,
        03062, 603-324-3000 - 2,500,000 ($13,575,000.00) Equity,
        (File 333-118864 - Sep. 8) (BR. 03)

S-8     PTS INC/NV/, 3355 SPRING MOUNTAIN ROAD, SUITE 63, LAS VEGAS, NV, 89102,
        7028788310 - 350,000,000 ($350,000.00) Equity, (File 333-118865 -
        Sep. 8) (BR. 09)

S-3     JAKKS PACIFIC INC, 22761 PACIFIC COAST HWY, #B202, MALIBU, CA, 90265,
        3104567799 - 774,754 ($15,154,188.24) Equity, (File 333-118866 -
        Sep. 8) (BR. 05)

S-8     LASIK AMERICA INC, 6646 INDIAN SCHOOL ROAD NE, ALBUQUERQUE, NM, 87110,
        5058372020 - 5,000,000 ($2,000,000.00) Equity, (File 333-118867 -
        Sep. 8) (BR. 01)

S-3     PAINCARE HOLDINGS INC, 22 SHELTER ROCK LANE, DANBURY, CT, 06810,
        2037988988 - 0 ($18,128,354.00) Equity, (File 333-118868 - Sep. 8)
        (BR. 01)

SB-2    CAPRIUS INC, ONE PARKER PLAZA, FORT LEE, NJ, 07024, 2015928838 -
        22,583,411 ($4,349,568.00) Equity, (File 333-118869 - Sep. 8) (BR. 01)

S-8     CISCO SYSTEMS INC, 170 WEST TASMAN DR, SAN JOSE, CA, 95134-1706,
        4085264000 - 190,476 ($992,379.96) Equity, (File 333-118870 - Sep. 8)
        (BR. 03)

S-11    Point Center Mortgage Fund I, LLC, 30900 RANCHO VIEJO ROAD, SUITE 100,
        SAN JUAN CAPISTRANO, CA, 92675, 949-661-7070 -
        0 ($500,000,000.00) Other, (File 333-118871 - Sep. 8) (BR. )


RECENT 8K FILINGS


Form 8-K is used by companies to file current reports on the following
events:

1.01 Entry into a Material Definitive Agreement
1.02 Termination of a Material Definitive Agreement
1.03 Bankruptcy or Receivership
2.01 Completion of Acquisition or Disposition of Assets
2.02 Results of Operations and Financial Condition
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-
     Balance Sheet  Arrangement of a Registrant
2.04 Triggering Events That Accelerate or Increase a Direct Financial
     Obligation under an Off- Balance Sheet Arrangement
2.05 Cost Associated with Exit or Disposal Activities
2.06 Material Impairments
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
     Standard; Transfer of    Listing
3.02 Unregistered Sales of Equity Securities
3.03 Material Modifications to Rights of Security Holders
4.01 Changes in Registrants Certifying Accountant
4.02 Non-Reliance on Previously Issued Financial Statements or a Related
     Audit Report or     Completed Interim Review
5.01 Changes in Control of Registrant
5.02 Departure of Directors or Principal Officers; Election of Directors;
     Appointment of      Principal Officers
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit
     Plans
5.05 Amendments to the Registrants Code of Ethics, or Waiver of a Provision
     of the Code of      Ethics
7.01 Regulation FD Disclosure
8.01 Other Events
9.01 Financial Statements and Exhibits

8-K  reports  may  be  obtained in person or by writing to  the  Commission's
Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549  or
at  the  following e-mail box address:  <publicinfo@sec.gov>.  In most cases,
this   information   is   also   available  on  the   Commission's   website:
<www.sec.gov>.



                                       STATE     8K ITEM NO.
NAME OF ISSUER                         CODE   				    DATE     COMMENT
------------------------------------------------------------------------------------------------
ABGENIX INC                             DE       1.01,5.02                      09/07/04

ABIOMED INC                             DE       8.01,9.01                      09/01/04

ACCENTURE LTD                                    5.02                           09/08/04

ACCENTURE SCA                                    5.02                           09/08/04

Accredited Mortgage Loan Trust 2004-3   DE       2.01,9.01                      08/26/04

ADVANCED ACCESSORY HOLDINGS CORP        DE       1.01,5.02,9.01                 09/07/04

ADVANCED FIBRE COMMUNICATIONS INC       DE       1.01,9.01                      09/07/04

ADVANTA CORP                            DE       5.02                           09/08/04

ADVENTRX PHARMACEUTICALS INC            DE       5.02,8.01,9.01                 09/04/04

AEP TEXAS CENTRAL CO                    TX       1.01,9.01                      09/07/04

AEP TEXAS CENTRAL CO                    TX       1.01,9.01                      09/08/04    AMEND

AIRTRAN AIRWAYS INC                     DE       7.01,9.01                      09/07/04

AIRTRAN HOLDINGS INC                    NV       7.01,9.01                      09/07/04

ALBANY INTERNATIONAL CORP /DE/          DE       8.01                           09/08/04

ALLEGHENY ENERGY INC                    MD       8.01,9.01                      09/07/04

AMAZON COM INC                          DE       8.01                           09/07/04

AMEREN CORP                             MO       8.01,9.01                      09/08/04

AMERICAN IDC CORP                       FL       5.02                           09/01/04

AMERICAN SPECTRUM REALTY INC            MD       8.01,9.01                      09/07/04

AMERIQUEST MORTGAGE SECURITIES INC AS   DE       9.01                           08/13/04

AMERITYRE CORP                          NV       8.01                           09/07/04

ANDRX CORP /DE/                         DE       8.01                           09/08/04

APOLLO GROUP INC                        AZ       7.01                           09/07/04

ATLAS AIR INC                           DE       8.01,9.01                      09/07/04

ATLAS AIR WORLDWIDE HOLDINGS INC        DE       8.01,9.01                      09/07/04

AUTHENTIDATE HOLDING CORP               DE       2.02,7.01,9.01                 09/03/04

AVNET INC                               NY       9.01                           09/08/04

AXA FINANCIAL INC                       DE       7.01                           09/07/04

AXA FINANCIAL INC                       DE       7.01                           09/07/04

BAKER HUGHES INC                        DE       7.01,9.01                      09/08/04

BANC OF AMERICA MORTGAGE SECURITIES I   DE       8.01,9.01                      09/08/04

BIODELIVERY SCIENCES INTERNATIONAL IN   IN       1.01,3.01,9.01                 08/31/04

BIODELIVERY SCIENCES INTERNATIONAL IN   IN       1.01,9.01                      09/08/04

BMC SOFTWARE INC                        DE       5.02                           09/08/04

BOYD BROS TRANSPORTATION INC            DE       8.01,9.01                      09/08/04

BSD MEDICAL CORP                        DE       7.01,9.01                      09/08/04

BURLINGTON COAT FACTORY WAREHOUSE COR   DE       2.02                           08/02/04

C-COR INC                               PA       2.01,9.01                      09/03/04

CABCO TRUST FOR J.C. PENNEY DEBENTURE   DE       8.01,9.01                      09/01/04

CALPINE CORP                            DE       1.01,2.01,2.05,8.01,9.01       09/02/04

CANYON RESOURCES CORP                   DE       4.02                           09/01/04

CAREY W P & CO LLC                      DE       2.01,9.01                      09/01/04

CARMAX INC                              VA       2.02,9.01                      09/08/04

CARRIER ACCESS CORP                     DE       7.01,9.01                      09/07/04

CARRIER ACCESS CORP                     DE       7.01,9.01                      09/07/04    AMEND

CELSION CORP                            MD       5.02,9.01                      09/07/04

CERNER CORP /MO/                        DE       2.03,9.01                      09/08/04

CHAAS ACQUISITIONS LLC                  DE       1.01,5.02,9.01                 09/07/04

CHARLES & COLVARD LTD                   NC       7.01                           09/08/04

CHASE FUNDING INC                       NY       8.01,9.01                      08/25/04

CHEESECAKE FACTORY INCORPORATED         DE       8.01,9.01                      09/08/04

CHEETAH OIL & GAS LTD.                  NV       4.01,9.01                      09/03/04    AMEND

CHOCTAW RESORT DEVELOPMENT ENTERPRISE   MS       5.02                           09/03/04

Citigroup Mortgage Loan Trust Inc. Mo            8.01,9.01                      08/25/04

Citigroup Mortgage Loan Trust Inc. Mo            8.01,9.01                      06/29/04

CITIGROUP MORTGAGE LOAN TRUST SERIES             8.01,9.01                      08/25/04

COACH INDUSTRIES GROUP INC              NV       5.02,9.01                      09/02/04

COL CHINA ONLINE INTERNATIONAL INC      DE       5.02                           09/01/04

COLE NATIONAL CORP /DE/                 DE       2.02,9.01                      09/08/04

COLE NATIONAL GROUP INC                 DE       2.02,9.01                      09/08/04

COLGATE PALMOLIVE CO                    DE       1.01,9.01                      09/08/04

COMMERCE BANCORP INC /NJ/               NJ       8.01                           09/08/04

COMVERSE TECHNOLOGY INC/NY/             NY       2.02,9.01                      09/08/04

CONCORD CAMERA CORP                     NJ       1.01                           09/01/04

CONNECTICUT WATER SERVICE INC / CT      CT       1.01,2.03                      09/02/04

COOPER TIRE & RUBBER CO                 DE       8.01                           09/08/04

CORAUTUS GENETICS INC                   DE       8.01,9.01                      09/08/04

CORE LABORATORIES N V                   P7       1.01,9.01                      09/08/04

CORPORATE PROPERTY ASSOCIATES 15 INC    MD       2.01,9.01                      09/01/04

CORVIS CORP                             DE       2.01,9.01                      09/01/04

COTT CORP /CN/                                   5.02                           09/01/04

COUNTRYWIDE FINANCIAL CORP              DE       1.01,9.01                      09/02/04

CREDIT SUISSE FIRST BOSTON MORTGAGE S   DE       8.01,9.01                      09/08/04

CROWN FINANCIAL GROUP INC               NJ       4.01,9.01                      09/07/04

CROWN HOLDINGS INC                      PA       1.01,2.03,9.01                 09/01/04

CWMBS INC                               DE       8.01,9.01                      09/07/04

CYTOKINETICS INC                                 1.01                           09/01/04

DAN RIVER INC /GA/                      GA       8.01,9.01                      08/07/04

DELTA AIR LINES INC /DE/                DE       2.05,7.01,9.01                 09/08/04

DIGITAL GENERATION SYSTEMS INC          DE       1.01,9.01                      08/31/04

DIGITAL LIFESTYLES GROUP INC            DE       8.01                           09/03/04

DIVERSIFIED CORPORATE RESOURCES INC     TX       3.01                           08/27/04

DIVIDEND CAPITAL TRUST INC              MD       2.01,9.01                      06/22/04    AMEND

DOUBLECLICK INC                         DE       7.01,9.01                      09/08/04

DUNE ENERGY INC                         DE       8.01,9.01                      08/27/04

DYNAMICS RESEARCH CORP                  MA       1.01,2.01,2.03,9.01            09/01/04

EACO CORP                               FL       5.03                           09/01/04

ENBRIDGE ENERGY PARTNERS LP             DE       8.01,9.01                      09/08/04

ENCYSIVE PHARMACEUTICALS INC            DE       8.01,9.01                      09/08/04

ENCYSIVE PHARMACEUTICALS INC            DE       8.01,9.01                      09/08/04

ENRON CORP/OR/                          OR       1.01,9.01                      09/01/04

ENTERPRISE PRODUCTS PARTNERS L P        DE       8.01,9.01                      06/30/04

EOP OPERATING LTD PARTNERSHIP           DE       8.01,9.01                      09/01/04

Epic Bancorp                                     8.01,9.01                      09/08/04

EPOCH BIOSCIENCES INC                   DE       1.01,7.01,9.01                 09/07/04

EQUITY OFFICE PROPERTIES TRUST          MD       8.01,9.01                      09/08/04

EVANS BOB FARMS INC                     DE       7.01,9.01                      09/07/04

EXELON CORP                             PA       7.01                           09/08/04

FAR EAST ENERGY CORP                             7.01,9.01                      09/08/04

FELCOR LODGING L P                      DE       8.01,9.01                      09/08/04

FELCOR LODGING TRUST INC                MD       8.01,9.01                      09/08/04

FOG CUTTER CAPITAL GROUP INC            MD       4.01,9.01                      09/07/04

GALAXY ENERGY CORP                      CO       8.01                           09/01/04

GALAXY MINERALS INC                     FL       1.01                           08/30/04

GLOBAL INDUSTRIES LTD                   LA       2.01                           09/08/04

GOAMERICA INC                           DE       3.02                           09/01/04

GOLDEN TELECOM INC                      DE       8.01,9.01                      09/08/04

GRANT PARK FUTURES FUND LIMITED PARTN   IL       7.01                           09/08/04

HANMI FINANCIAL CORP                    DE       9.01                           09/07/04

HarborView Mortgage Loan Trust 2004-2   DE       8.01,9.01                      08/25/04

HARTFORD LIFE INSURANCE CO              CT       9.01                           09/08/04

HAYES LEMMERZ INTERNATIONAL INC         DE       2.02,7.01,9.01                 09/08/04

HCC INSURANCE HOLDINGS INC/DE/          DE       7.01,9.01                      09/08/04

HEALTH CARE REIT INC /DE/               DE       3.03,5.03,8.01,9.01            09/07/04

HENRY JACK & ASSOCIATES INC             DE       8.01,9.01                      09/08/04

HENRY JACK & ASSOCIATES INC             DE       8.01,9.01                      09/08/04

HI TECH PHARMACAL CO INC                NY       2.02,9.01                      09/08/04

HIGHLAND HOSPITALITY CORP               MD       2.01,9.01                      09/01/04

HOMESTAR MORTGAGE ACCEP CORP ASST BAC   DE       8.01,9.01                      08/25/04

HORIZON OFFSHORE INC                    DE       7.01,9.01                      09/07/04

Household Mortgage Loan Trust 2004-HC   DE       8.01,9.01                      08/27/04

HYUNDAI ABS FUNDING CORP                DE       8.01,9.01                      09/01/04

IMERGENT INC                            DE       2.02,9.01                      09/08/04

IMMUNE RESPONSE CORP                    DE       1.01,3.01,9.01                 09/02/04

IMPAX LABORATORIES INC                  DE       7.01                           09/08/04

IMPERIAL INDUSTRIES INC                 DE       5.02,7.01,9.01                 09/07/04

IndyMac INDX Mortgage Loan Trust 2004            8.01,9.01                      08/05/04

ING INSURANCE CO  OF AMERICA            CT       8.01                           09/08/04

ING INSURANCE CO  OF AMERICA            CT       8.01                           09/08/04    AMEND

ING LIFE INSURANCE & ANNUITY CO         CT       8.01                           09/08/04

ING LIFE INSURANCE & ANNUITY CO         CT       8.01                           09/08/04    AMEND

ING USA ANNUITY & LIFE INSURANCE CO     IA       8.01                           09/08/04

ING USA ANNUITY & LIFE INSURANCE CO     IA       8.01                           09/08/04    AMEND

INLAND REAL ESTATE CORP                 MD       8.01,9.01                      09/07/04

INLAND WESTERN RETAIL REAL ESTATE TRU   MD       2.01,9.01                      06/23/04    AMEND

INNOVO GROUP INC                        DE       1.02,5.02,9.01                 09/01/04

INTEGRATED ELECTRICAL SERVICES INC      DE       7.01,9.01                      09/08/04

INTERMOUNTAIN COMMUNITY BANCORP         ID       5.03                           09/03/04

INTERNATIONAL FLAVORS & FRAGRANCES IN   NY       5.02,5.03,9.01                 09/08/04

INTERSECTIONS INC                       DE       1.01,1.02                      09/01/04

INVESTMENT TECHNOLOGY GROUP INC         DE       8.01                           09/08/04

IQ BIOMETRIX INC                        DE       8.01                           09/07/04

ITC DELTACOM INC                        DE       1.01,9.01                      09/08/04

J P MORGAN CHASE & CO                   DE       9.01                           09/08/04

J2 GLOBAL COMMUNICATIONS INC            DE       7.01,9.01                      09/08/04

JUNO LIGHTING INC                       DE       3.03,9.01                      09/08/04

K TEL INTERNATIONAL INC                 MN       5.02                           09/08/04

KCS ENERGY INC                          DE       7.01,9.01                      09/08/04

KEITHLEY INSTRUMENTS INC                OH       5.02,9.01                      09/02/04

KRONOS INTERNATIONAL INC                DE       1.01,2.03                      09/07/04

LABORATORY CORP OF AMERICA HOLDINGS     DE       7.01                           09/08/04

LACLEDE STEEL CO /DE/                   DE       8.01,9.01                      07/31/04

LANDEC CORP \CA\                        CA       1.01,2.03,8.01,9.01            09/01/04

LATTICE SEMICONDUCTOR CORP              DE       8.01                           09/03/04

LECROY CORP                             DE       7.01,9.01                      09/08/04

LODGENET ENTERTAINMENT CORP             DE       7.01,9.01                      09/08/04

LONG BEACH SECURITIES CORP              DE       9.01                           09/08/04

LUBRIZOL CORP                           OH       8.01,9.01                      08/31/04

LYNCH CORP                              IN       8.01,9.01                      09/03/04

MAILKEY CORP                            NV       1.01,9.01                      09/01/04

MARKWEST HYDROCARBON INC                DE       5.02                           09/01/04

MARTEK BIOSCIENCES CORP                 DE       2.02,9.01                      09/08/04

MAUI LAND & PINEAPPLE CO INC            HI       1.01,1.02,2.01                 09/07/04

MAXUS REALTY TRUST INC                  MO       2.01                           09/01/04

MCKESSON CORP                           DE       7.01                           09/07/04

MEDIANET GROUP TECHNOLOGIES INC         NV       4.01,9.01                      09/08/04

MEDICAL STAFFING NETWORK HOLDINGS INC   DE       7.01,9.01                      09/08/04

MEDISCIENCE TECHNOLOGY CORP             NJ       1.01,8.01                      09/08/04

MICROTEL INTERNATIONAL INC              DE       5.03,9.01                      09/01/04

MICROWAVE FILTER CO INC /NY/            NY       5.02                           09/08/04

MISSISSIPPI CHEMICAL CORP /MS/          MS       1.03,9.01                      09/02/04

MITCHAM INDUSTRIES INC                  TX       1.01,9.01                      09/08/04

MOODYS CORP /DE/                        DE       1.01,2.03,9.01                 09/08/04

MOVADO GROUP INC                        NY       2.02,9.01                      09/07/04

MTR GAMING GROUP INC                    DE       8.01,9.01                      09/03/04

NANOGEN INC                             DE       1.01,7.01,9.01                 09/07/04

NATIONAL HEALTH INVESTORS INC           MD       8.01                           09/08/04

NATIONAL HEALTH REALTY INC              MD       8.01                           09/08/04

NETIQ CORP                                       5.02                           09/08/04

NETIQ CORP                                       8.01,9.01                      09/08/04

NISSAN AUTO RECEIVABLES CORP II         DE       8.01,9.01                      09/07/04

NORSTAN INC                             MN       2.02,9.01                      09/07/04

NOXSO CORP                              VA       1.01,9.01                      09/03/04

NTL INC                                 DE       1.01,5.02                      09/07/04

NUVELO INC                              DE       1.01                           09/01/04

OCEAN WEST HOLDING CORP                 DE       4.01,9.01                      09/08/04

ORASURE TECHNOLOGIES INC                DE       8.01                           09/08/04

PACIFICHEALTH LABORATORIES INC          DE       1.01,5.02                      09/01/04

PAN PACIFIC RETAIL PROPERTIES INC       MD       1.01,9.01                      09/03/04

PARKER DRILLING CO /DE/                 DE       1.01,2.03,9.01                 09/02/04

PARKVALE FINANCIAL CORP                 PA       1.01,9.01                      09/01/04

PC MALL INC                             DE       1.01,9.01                      09/01/04

PETROLEUM DEVELOPMENT CORP              NV       5.03                           09/02/04

PIONEER NATURAL RESOURCES CO            DE       7.01,9.01                      09/07/04

PLACER SIERRA BANCSHARES                CA       8.01,9.01                      09/07/04

POPULAR ABS, INC.                       DE       8.01,9.01                      09/01/04

POSSIS MEDICAL INC                      MN       8.01                           09/07/04

PRIORITY HEALTHCARE CORP                IN       7.01,9.01                      09/08/04

PRO DEX INC                             CO       2.02,9.01                      09/08/04

PROTECTIVE LIFE INSURANCE CO            TN       9.01                           09/02/04

PVC CONTAINER CORP                      DE       1.01,1.02,5.02,5.03,9.01       09/02/04

PXRE GROUP LTD                                   7.01,9.01                      09/08/04

QUADRAMED CORP                          DE       8.01                           08/19/04

RADIATION THERAPY SERVICES INC          FL       8.01,9.01                      09/07/04

RADVISION LTD                                    8.01,9.01                      09/07/04

RAINMAKER SYSTEMS INC                   CA       5.02                           09/01/04

RAM VENTURE HOLDINGS CORP               FL       2.01                           09/07/04

REGENERX BIOPHARMACEUTICALS INC         DE       7.01,9.01                      09/08/04

RELIASTAR LIFE INSURANCE CO OF NEW YO   NY       8.01                           09/08/04

RELIASTAR LIFE INSURANCE CO OF NEW YO   NY       8.01                           09/08/04    AMEND

REMY INTERNATIONAL, INC.                DE       2.01,9.01                      09/01/04

RENEGADE VENTURE NEV CORP               CO       3.02,9.01                      09/08/04

RESMED INC                              DE       5.02                           09/07/04

RETAIL VENTURES INC                     OH       2.02,9.01                      09/08/04

REVLON CONSUMER PRODUCTS CORP           DE       7.01                           09/08/04

REVLON INC /DE/                         DE       7.01                           09/08/04

RPC INC                                 DE       8.01,9.01                      09/08/04

SALTON INC                              DE       2.02,9.01                      09/08/04

SCAN OPTICS INC                         DE       4.01,9.01                      09/01/04

SEGMENTZ INC                            DE       2.01,9.01                      09/01/04

SEGMENTZ INC                            DE       5.02                           09/08/04

SENSIENT TECHNOLOGIES CORP              WI       1.01,2.03,9.01                 09/02/04

SHIRE PHARMACEUTICALS GROUP PLC                  8.01,9.01                      09/08/04

SIMCLAR INC                             FL       5.02,8.01,9.01                 09/01/04

SIMULATIONS PLUS INC                             4.01                           09/07/04    AMEND

SMITH INTERNATIONAL INC                 DE       8.01                           09/08/04

SMITHFIELD FOODS INC                    VA       1.01,9.01                      09/01/04

SOLITARIO RESOURCES CORP                CO       4.01                           09/01/04

SOUTHWEST WATER CO                      DE       5.02,9.01                      09/01/04

SPARTECH CORP                           DE       5.03                           09/01/04

STAGE STORES INC                        NV       1.01,1.02,2.02,8.01,9.01       09/08/04

STANDARD MOTOR PRODUCTS INC             NY       4.01,9.01                      08/19/04    AMEND

STAPLES INC                             DE       8.01,9.01                      09/08/04

STATION CASINOS INC                     NV       7.01                           09/07/04

STEEL TECHNOLOGIES INC                  KY       1.01,1.02,2.03,9.01            09/08/04

STERIS CORP                             OH       7.01                           09/08/04

STEWART ENTERPRISES INC                 LA       2.02,9.01                      09/08/04

STRUCTURED ASSET MORTGAGE INVESTMENTS   DE       8.01,9.01                      09/01/04

STRUCTURED ASSET MORTGAGE INVESTMENTS   DE       8.01,9.01                      08/25/04

STRUCTURED ASSET MORTGAGE INVESTMENTS   DE       8.01,9.01                      08/25/04

STRUCTURED ASSET MORTGAGE INVESTMENTS   DE       8.01,9.01                      08/25/04

STRUCTURED ASSET MORTGAGE INVESTMENTS   DE       8.01,9.01                      09/01/04

SUNGARD DATA SYSTEMS INC                DE       8.01,9.01                      09/07/04

SUNRISE REAL ESTATE DEVELOPMENT GROUP   TX       1.01,3.02,9.01                 08/31/04

SUPERIOR ESSEX INC                      DE       8.01,9.01                      09/07/04

SUPERIOR ESSEX INC                      DE       8.01                           09/08/04

SWS GROUP INC                           DE       2.02,5.02,9.01                 09/07/04

TAIWAN FUND INC                         DE       7.01                           07/01/04

TCF FINANCIAL CORP                      DE       8.01,9.01                      09/08/04

TEJON RANCH CO                          DE       8.01,9.01                      09/07/04

TELECOM COMMUNICATIONS INC                       9.01                           07/22/04

TELLABS INC                             DE       1.01,9.01                      09/07/04

TEMPUR PEDIC INTERNATIONAL INC          DE       7.01,9.01                      09/08/04

TETRA TECHNOLOGIES INC                  DE       1.01,1.02,2.03,3.03,9.01       09/07/04

TEXAS INSTRUMENTS INC                   DE       2.02,9.01                      09/08/04

THAXTON GROUP INC                       SC       8.01,9.01                      08/31/04

THEGLOBE COM INC                        DE       1.01,2.01,3.02,5.02            08/31/04

TOREADOR RESOURCES CORP                 DE       7.01                           09/07/04

TOWER BANCORP INC                       PA       8.01,9.01                      09/08/04

TRANSPORT CORPORATION OF AMERICA INC    MN       8.01                           08/25/04

TRUE RELIGION APPAREL INC               NV       7.01                           09/07/04

Trust, Asset Backed Notes               DE       9.01                           08/25/04

TXU CORP /TX/                           TX       2.02                           09/08/04

TYCO INTERNATIONAL LTD /BER/            D0       7.01,9.01                      09/07/04

UAL CORP /DE/                           DE       2.03,9.01                      09/08/04

ULTICOM INC                             NJ       2.02,9.01                      09/08/04

ULTRALIFE BATTERIES INC                 DE       7.01,9.01                      09/08/04

ULTRALIFE BATTERIES INC                 DE       7.01,9.01                      09/08/04

UNITED COMMUNITY FINANCIAL CORP         OH       2.06                           09/08/04

UNITED INDUSTRIAL CORP /DE/             DE       8.01,9.01                      09/03/04

UNITED INDUSTRIAL CORP /DE/             DE       1.01,8.01,9.01                 09/08/04

UNITED SURGICAL PARTNERS INTERNATIONA   DE       7.01,9.01                      09/08/04

US REALTY PARTNERS LTD PARTNERSHIP      DE       1.01,9.01                      09/03/04

UTEK CORP                                        5.02,9.01                      09/08/04

VERILINK CORP                           DE       2.05                           09/08/04

VERINT SYSTEMS INC                               8.01,9.01                      09/07/04

VERINT SYSTEMS INC                               2.02,9.01                      09/08/04

VESTA INSURANCE GROUP INC               DE       7.01                           09/07/04

VIAD CORP                               DE       8.01,9.01                      09/04/04

VISTULA COMMUNICATIONS SERVICES INC     DE       5.02                           09/01/04

VITAL LIVING INC                        AZ       3.02,9.01                      09/03/04

VITALWORKS INC                          DE       1.01,5.02                      09/01/04

VOLTERRA SEMICONDUCTOR CORP                      2.02,9.01                      09/08/04

VTEX ENERGY INC                         NV       8.01                           08/30/04

WaMu Mortgage Pass-Through Certificat   DE       9.01                           08/24/04

WATERFORD GAMING LLC                    DE       8.01                           09/08/04

WCA WASTE CORP                                   7.01,9.01                      09/07/04

WEBMD CORP /NEW/                        DE       8.01                           09/07/04

WEINGARTEN REALTY INVESTORS /TX/        TX       8.01,9.01                      09/08/04

WELLS FARGO & CO/MN                     DE       9.01                           09/08/04

WHITNEY INFORMATION NETWORK INC         CO       1.01,9.01                      09/01/04

WYNN RESORTS LTD                                 1.01,9.01                      09/01/04

XCYTE THERAPIES INC                     WA       5.02,8.01,9.01                 09/02/04

ZEOLITE MINING CORP.                             1.01,9.01                      09/08/04    AMEND