SEC NEWS DIGEST

 
Issue 2005-39      	 						     March 1, 2005


COMMISSION ANNOUNCEMENTS
           

FEE RATE ADVISORY #7 FOR FISCAL YEAR 2005
          
As required by Section 31 of the Securities Exchange Act of 1934, the Commission must 
make a mid-year rate adjustment to the Section 31 transaction fee rate.  Effective April 1, 
2005, the Section 31 transaction fee rate for fiscal 2005 will increase from the current rate 
of $32.90 per million to a revised rate of $41.80 per million.  This rate change does not 
apply to the Section 31 assessment on security futures transactions, which will remain at 
the current rate of $0.009 per round turn transaction.  

The Act requires the Commission to adjust the Section 31 fee rate if it estimates that the 
baseline estimate of dollar volume for fiscal 2005 that was used to calculate the current 
annual rate ($32.90 per million) is reasonably likely to be 10% (or more) greater or less 
than the actual dollar volume of securities transactions for fiscal 2005.  To make its 
determination, the Commission used market projections based on the most recent 
information on dollar volume of securities transactions thus far in fiscal year 2005.  The 
more recent information on dollar volume contributed to a mid-year rate that is higher 
than the current annual rate.  The Commission consulted with the Congressional Budget 
Office and the Office of Management and Budget regarding the mid-year adjustment, as 
required by Section 31(j)(2) of the Act.  A copy of the Commissions order and 
calculation methodology is available at http://www.sec.gov.

Pursuant to their rules, self-regulatory organizations collect from their members funds to 
offset the self-regulatory organizations' Section 31 fee obligations.  Additional 
information on the transition to the new Section 31 fee rate will be available on the 
Internet web sites of The New York Stock Exchange, Inc. and NASD Inc. at 
http://www.nyse.com and http://www.nasd.com.  The Office of Interpretation and 
Guidance in the SECs Division of Market Regulation is also available for questions on 
Section 31 fees at (202) 942-0069, or by e-mail at marketreg@sec.gov.

The Commission will announce the fiscal year 2006 rates for fees paid under Section 6(b) 
of the Securities Act of 1933 and Sections 13(e), 14(g), and 31 of the Securities 
Exchange Act of 1934 no later than April 30, 2005.  This rate will become effective on 
Oct. 1, 2005, or 30 days after the date on which the Commission receives its fiscal 2006 
regular appropriation, whichever date comes later.  (Press Rel. 2005-22)
               




RULES AND RELATED MATTERS
           

NOTICE OF REOPENING OF COMMENT PERIOD FOR POINT OF SALE AND 
CONFIRMATION DISCLOSURE REQUIREMENTS

The Commission has reopened the comment period for and requested supplemental 
comments on proposed rules 15c2-2 and 15c2-3, as well as proposed amendments to Rule 
10b-10 under the Securities Exchange Act of 1934, and amendments to Form N-1A under 
the Securities Act of 1933 and the Investment Company Act of 1940.  The supplemental 
release reflects issues raised by commenters to our initial proposal, including investor 
feedback from in-depth testing of prototype disclosure forms.  

Comments on the release are due within 30 days following publication in the Federal 
Register. 

FOR FURTHER INFORMATION PLEASE CONTACT:  With respect to Securities 
Exchange Act Rules 10b-10, 15c2-2, and 15c2-3, contact John J. Fahey, Attorney, at 
(202) 942-0073, Office of Chief Counsel, Division of Market Regulation, Securities and 
Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-1001.  With 
respect to Form N-1A, contact Deborah Skeens, Senior Counsel, at (202) 551-6784, 
Office of Disclosure Regulation, Division of Investment Management, Securities and 
Exchange Commission, 450 Fifth Street, NW, Washington, D.C. 20549-0506.  (Rels. 33-
8544; 34-51274; IC-26778; Press Rel. 2005-24)


ENFORCEMENT PROCEEDINGS
           

L.H. ROSS & COMPANY APPEAL DISMISSED

The Commission has dismissed an appeal by L.H. Ross & Company, Inc. of a temporary 
cease and desist order (the TCDO") that had been imposed on the firm by NASD on 
August 30, 2004.  The Commission found that, under NASD rules, the TCDO terminated 
upon the issuance, on January 14, 2005, of a decision in the underlying NASD 
disciplinary proceeding that had been instituted against the firm.  Consequently, 
according to the Commission, the appeal was moot.  (Rel. 34-51270; File No. 3-11686)

IN THE MATTER OF NEUROTECH DEVELOPMENT CORPORATION

An Administrative Law Judge has issued an Initial Decision in the matter of Neurotech 
Development Corporation (Neurotech).  The Initial Decision finds that while its common 
stock was registered with the Securities and Exchange Commission (Commission), 
Neurotech repeatedly failed to file annual and quarterly reports in violation of the 
periodic reporting requirements of Section 13(a) of the Securities Exchange Act of 1934 
and Rules 13a-1 and 13a-13 thereunder.  For these violations, the Initial Decision, 
pursuant to Section 12(j) of the Securities Exchange Act of 1934, revokes the registration 
of Neurotechs securities with the Commission.  (Initial Decision No. 277; File No. 3-
11724)

SEC FILES ACTION AGAINST KEVIN QUINN, DISBARRED ATTORNEY, FOR 
VIOLATING PENNY STOCK BAR AND ORDER SUSPENDING HIS PRACTICE 
BEFORE THE SEC

The Commission announced that on Feb. 25, 2005, it filed a civil action in the U.S. 
District Court for the District of Columbia against Kevin James Quinn, of Santa Monica, 
California, alleging that Quinn violated two Commission orders: one, a 1999 order 
permanently suspending Quinn from appearing or practicing before the Commission, and 
the other, a 2000 order barring him from participating in an offering of penny stock.  

The Commissions complaint alleges that in violation of those orders Quinn, a disbarred 
attorney, practiced before the Commission and has been participating in a penny stock 
offering.  Specifically, the Commission alleges that Quinn drafted filings that he made 
with the Commission on behalf of PHC Holdings, a Nevada corporation with its principal 
place of business in Orlando, Florida, and that he acted as agent and counsel for PHC.  
The PHC filings included a Form N-54A, according to which PHC elected to be treated 
as a business development company under the Investment Company Act; a Form 1-E, a 
notification that PHC was conducting an offering under Regulation E of the Securities 
Act; and the attached offering circular.  PHC common stock is a penny stock.  

The complaint also alleges that Quinn made similar filings on behalf of Bluetorch, Inc., a 
Nevada corporation with its principal place of business in Cerritos, California, and 
Cytation Corp., a Delaware corporation with its principal place of business in Bristol, 
Rhode Island.  By drafting filings on behalf of PHC, Bluetorch and Cytation and filing 
them with the Commission, Quinn practiced before the Commission and, with respect to 
at least PHC, participated in an offering of penny stock in violation of Commission 
orders.  Order of Suspension Pursuant to Rule 102(e)(2), Sept. 14, 1999, In the Matter of 
Kevin James Quinn, A.P. File No. 3-10013; Order Instituting Proceedings Pursuant to 
Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing 
Remedial Sanctions, Feb. 3, 2000, In the Matter of Kevin James Quinn, A.P. File No. 3-
10137.

In addition to alleging that Quinn violated the two Commission orders, the complaint 
alleges that Quinn violated Section 15(b)(6)(B)(i) of the Securities Exchange Act of 
1934, which makes it unlawful for any person to participate in an offering of penny stock 
in contravention of a Commission order.  The complaint seeks, among other things, 
preliminary and permanent injunctions, disgorgement of ill-gotten gains with 
prejudgment interest, and civil penalties.  [SEC v. Kevin James Quinn, 1:05-cv-00393-
JR, USDC (Judge James Robertson)] (LR-19103)

ARMUND EK SETTLES INSIDER TRADING CHARGES

The Commission announced today that on Feb. 28, 2005, it filed a settled insider trading 
case in the U.S. District Court for the Southern District of New York against Armund Ek 
(Ek).  In its complaint, the Commission alleged that Ek was a close friend of Robert 
Goehring (Goehring), Gerbers director of corporate communications.  In his capacity as 
director of corporate communications, Goehring received material, nonpublic information 
about earnings results and other significant corporate developments at Gerber.  Ek both 
bought and sold Gerber stock on three occasions based on tips of material, nonpublic 
information about Gerber that Goehring provided.  Ek had profits and avoided losses 
totaling $11,438.  As a result of his conduct, Ek violated Section 10(b) of the Securities 
Exchange Act of 1934 (Exchange Act) and Exchange Act Rule 10b-5.  Without admitting 
or denying the allegations in the Commissions complaint, Ek consented to the entry of a 
judgment (i) permanently enjoining him from future violations of Section 10(b) of the 
Exchange Act and Exchange Act Rule 10b-5, (ii) ordering disgorgement of profits and 
losses avoided of $11,438 plus prejudgment interest of $3,511, and (iii) imposing a civil 
penalty of $10,798 pursuant to Section 21A of the Exchange Act. .  [SEC v. Armund Ek, 
No. 05 CV 2425(SWK) SDNY]  (LR-19104)

INSIDER TRADING CHARGES FILED AGAINST ROBERT GOEHRING

The Commission announced that, on Feb. 28, 2005, it filed a contested insider trading 
case in the U.S. District Court for the District of Connecticut against Robert Goehring.  In 
its complaint, the Commission alleged that Goehring, age 64, was the director of 
corporate communications of Gerber Scientific, Inc. (Gerber).  While serving as director 
of corporate communications, Goehring regularly obtained material, non-public 
information about Gerber.  Between July 1998 and April 2000, Goehring traded in the 
Gerber stock nine times on the basis of material, nonpublic information he obtained in the 
course of his employment as Gerber's director of corporate communications.  Goehring 
enjoyed profits and avoided losses from these illicit trades of $94,016.  In addition, 
Goehring tipped his close friend, Armund Ek, who was not employed at Gerber, with 
material, non-public information about Gerber on three occasions.  Ek bought and sold 
Gerber stock based on these tips and had profits and avoided losses totaling $11,453 as a 
result of his trading.  The Commission complaint alleges that because of his position with 
Gerber, Goehring owed a fiduciary duty, or other duty of trust or confidence owed 
directly, indirectly or derivatively to Gerber and its shareholders.  This included a duty to 
not trade Gerber shares on the basis of material, non-public information and to not 
communicate such information improperly to others. By engaging in insider trading and 
by tipping his friend Ek with material non-public information about Gerber, Goehring 
violated Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act).  The 
Commission seeks a judgment against Goehring: a) enjoining him from future violations 
of Section 10(b) of the Exchange Act and Exchange Act Rule 10b-5, b) ordering 
Goehring to disgorge the profits and losses avoided by himself and his tippee as a result 
of the unlawful trading, c) imposing a monetary penalty, and d) imposing an officer and 
director bar.  [SEC v. Robert Goehring, Civ. Act. No. 3:05-CV-350 (AWT) D.Conn.] 
(LR-19105)

SEC SETTLES INSIDER TRADING CHARGES AGAINST DIVISIONAL PRESIDENT 
OF THE RYLAND GROUP

The Securities and Exchange Commission today filed a settled enforcement action in the 
United States District Court for the Central District of California charging John D. 
Hutchinson, of Coppell, Texas, with insider trading in the stock of The Ryland Group, 
Inc., a home building and mortgage finance company headquartered in Calabasas, 
California.  Hutchinson, age 53, is a non-practicing attorney and is the president of 
Rylands Dallas division.

The Commissions complaint alleges that during December 2003, Hutchinson became 
aware that Rylands new housing orders for the fourth quarter of 2003 would decrease 
significantly compared to the fourth quarter of 2002.  The complaint alleges that while 
Hutchinson was aware of this non-public information, he exercised all of his exercisable 
options in Ryland stock, and sold the underlying shares before this information was 
publicly announced, thereby avoiding a substantial loss of over $100,000.

Hutchinson consented, without admitting or denying the allegations in the complaint, to 
the entry of a judgment permanently enjoining him from future violations of Section 
17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 
1934 and Rule 10b-5 thereunder.  Hutchinson also consented to pay disgorgement of the 
loss avoided in the amount of $101,778, plus $1,179.84 in prejudgment interest, and a 
civil penalty equal to the loss avoided in the amount of $101,778.  [SEC v. John D. 
Hutchinson, Civil Action No. CV 05-1489 SJO (FMOx) C.D. Cal.] (LR-19106)

SEC SUES THE TITAN CORPORATION FOR PAYMENTS TO ELECTION 
CAMPAIGN OF BENIN PRESIDENT

TITAN SETTLES AND AGREES TO PAY A TOTAL OF MORE THAN $28 MILLION 
TO SETTLE SEC ACTION AND RELATED CRIMINAL ACTION

TITAN PLEADS GUILTY IN RELATED CRIMINAL ACTION BROUGHT BY THE 
UNITED STATES ATTORNEY FOR THE SOUTHERN DISTRICT OF CALIFORNIA 
AND THE U.S. DEPARTMENT OF JUSTICE, FRAUD SECTION

SEC ALSO ISSUES REPORT OF INVESTIGATION TO PROVIDE GUIDANCE ON 
DISCLOSURE CONCERNING MATERIAL PROVISIONS IN MERGER AND OTHER 
CONTRACTUAL AGREEMENTS 

The Commission today announced the filing of a settled enforcement action in the U.S. 
District Court for the District of Columbia charging The Titan Corporation (Titan), a San 
Diego, California-based military intelligence and communications company, with 
violating the anti-bribery, internal controls and books and records provisions of the 
Foreign Corrupt Practices Act (FCPA).  Simultaneously with the filing of the 
Commissions complaint, and without admitting or denying its allegations, Titan 
consented to the entry of a final judgment permanently enjoining it from future violations 
of the FCPA and requiring it (i) to pay $15.479 million in disgorgement and prejudgment 
interest, (ii) to pay a $13 million penalty, which will be deemed satisfied by Titans 
payment of criminal fines of that amount in parallel proceedings brought by the U.S. 
Attorneys Office for the Southern District of California and the U.S. Department of 
Justice, Fraud Section, and (iii) to retain an independent consultant to review the 
companys FCPA compliance and procedures and to adopt and implement the 
consultants recommendations.  
The Commissions complaint alleges that, from 1999 to 2001, Titan paid more than $3.5 
million to its agent in Benin, Africa, who was known at the time by Titan to be the 
President of Benins business advisor.  Titan failed to conduct any meaningful due 
diligence into the background of its agent either before his retention or thereafter and also 
failed to ensure that the services alleged to be performed by the agent, and described in 
his invoices, were in fact provided to Titan.  The complaint alleges, in 2001, at the 
direction of at least one former senior Titan officer based in the United States, Titan 
funneled approximately $2 million, via its agent in Benin, towards the election campaign 
of Benins then-incumbent President.  The complaint also alleges that some of these 
funds were used to reimburse Titans agent for the purchase to T-shirts adorned with the 
Presidents picture and instructions to vote for him in the upcoming election.  According 
to the complaint, Titan made these payments to assist the company in its development of 
a telecommunications project in Benin and to obtain the Benin governments consent to 
an increase in the percentage of Titans project management fees for that project.  The 
complaint alleges that a former senior Titan officer directed that these payments be 
falsely invoiced by the agent as consulting services and that actual payment of the money 
be broken into smaller increments and spread out over time.  The complaint does not 
allege that the then-incumbent President knew of the payments.  
The Commissions complaint also alleges that, from 1999 to 2003, Titan improperly 
recorded payments in its books and records, directed agents to falsify invoices submitted 
to Titan, and failed to devise or maintain an effective system of internal controls to 
prevent or detect other FCPA violations.  Despite utilizing over 120 agents and 
consultants in over 60 countries, Titan never had a formal company-wide FCPA policy, 
failed to implement an FCPA compliance program, disregarded or circumvented the 
limited FCPA policies and procedures in effect, failed to maintain sufficient due 
diligence files on its foreign agents, and failed to have meaningful oversight over its 
foreign agents. 
According to the complaint, Titan falsified documents that enabled its agents to under-
report local commission payments in Nepal, Bangladesh, and Sri Lanka.  In addition, the 
complaint alleges that Titan falsified documents presented to the United States 
government by under-reporting payments on equipment exported to Sri Lanka, France 
and Japan.  The complaint also alleges that Titan (i) paid a World Bank Group analyst in 
cash to assist Titan in its project in Benin, and (ii) paid a Benin government official 
approximately $14,000 in travel expenses from 1999 to 2001.  
Without admitting or denying the allegations in the complaint, Titan has consented to the 
entry of a final judgment permanently enjoining it from future violations of Sections 30A, 
13(b)(2)(A), 13(b)(2)(B), and 13(b)(5) of the Securities Exchange Act of 1934 (Exchange 
Act) and Rule 13b2-1 thereunder.  Titan also has agreed to disgorge $12,620,000, and to 
pay prejudgment interest thereon in the amount of $2,859,195.47.  Under the terms of the 
final judgment, Titan will also retain an independent consultant to review the companys 
FCPA compliance and procedures and will adopt and implement the consultants 
recommendations.  
Also today the U.S. Attorneys Office for the Southern District of California and the U.S. 
Department of Justice, Fraud Section filed criminal FCPA charges and a tax charge 
against Titan, who entered a guilty plea before the Honorable Roger T. Benitez, United 
States District Judge for the Southern District of California (United States of America v. 
Titan Corporation, Case No.05cr0314-BEN (S.D. Cal.)).  In particular, Titan agreed to 
plead guilty to one felony count of violating the anti-bribery provisions of the FCPA, one 
felony count for falsifying the books and records of Titan, and one felony count for 
violating Title 26 U.S.C. Section 7206(2) and to pay a criminal fine of $13 million.
      
Commissions Report Pursuant to Section 21(a) of the Exchange Act
The Commission also today issued a Report of Investigation pursuant to Section 21(a) of 
the Exchange Act to provide guidance concerning potential liability under the antifraud 
and proxy provisions of the federal securities laws for publication of materially false or 
misleading disclosures regarding provisions in merger and other contractual agreements.  
In its Report, the Commission stated that, on September 15, 2003, Titan became a party 
to a merger agreement with Lockheed Martin Corporation (Lockheed) in which 
Lockheed agreed to acquire Titan, pending certain contingencies.  Titan affirmatively 
represented in that merger agreement that to the knowledge of Titan, neither the company 
nor any of its Subsidiaries, nor any director, officer, agent or employee of the Company 
or any of its Subsidiaries, has  taken any action which would cause the Company or 
any of its Subsidiaries to be in violation of the FCPA.  This representation was publicly 
disclosed and disseminated by Titan in two places.  The proxy statement disclosed the 
nature of the representation.  The merger agreement containing the representation was 
also appended to Titans proxy statement, which was filed with the Commission and sent 
to Titans shareholders.    
As the Report highlights, when an issuer makes a public disclosure of information -- via 
filing a proxy statement or otherwise -- the issuer is required to consider whether 
additional disclosure is necessary in order to put the information contained in, or 
otherwise incorporated into that publication, into context so that such information is not 
misleading.  The issuer cannot avoid this disclosure obligation simply because the 
information published was contained in an agreement or other document not prepared as 
a disclosure document.  
The Report is not intended to change the way issuers engage in merger, or other 
contractual, negotiations or to alter existing diligence obligations or to suggest, absent 
special circumstances (such as provisions intended to create third party beneficiaries), 
that provisions such as representations and covenants in such agreements are binding on 
or intended to benefit persons other than parties thereto.  Representations, covenants, or 
other provisions of an agreement made by an issuer that are not public or disclosed to 
shareholders are not covered by the scope of this Report. 
The Commission will consider bringing an enforcement action under Sections 10(b) and 
14(a) of the Exchange Act and Rules 10b-5 and 14a-9 thereunder in the future if it 
determines that the subject matter of representations or other contractual provisions is 
materially misleading to shareholders because material facts necessary to make that 
disclosure not misleading are omitted. 
      
The Commission acknowledges the assistance in this investigation from the Department 
of Justice, Fraud Section; the United States Attorneys Office for the Southern District of 
California; the Federal Bureau of Investigation, San Diego Division; the Internal Revenue 
Service, Criminal Investigations; and the Department of Defense Inspector Generals 
Office, Defense Criminal Investigative Service.  
      
The Commissions investigation is continuing.   [SEC v. The Titan Corporation, Civil 
Action No. 05-0411 (D.D.C.) (JR)] (LR-19107; Rel. 34-51283; Press Rel. 2005-23)


INVESTMENT COMPANY ACT RELEASES
           
 
DEREGISTRATION UNDER THE INVESTMENT COMPANY ACT 

For the month of February, 2005, a notice has been issued giving interested persons until  
March 22, 2005 , to request a hearing on any of the following applications for an order 
under Section 8(f) of the Investment Company Act declaring that the applicant has ceased 
to be an investment company:

	Hilliard Lyons Growth Fund, Inc. [File No. 811-6423]
      Credit Suisse Strategic Small Cap Fund, Inc. [File No. 811-10435]
	Credit Suisse New York Tax Exempt Fund, Inc. [File No. 811-4170]
	Nuveen Tax Exempt Unit Trust Series 1 [File No. 811-1015]
	Nuveen Tax Exempt Unit Trust Series 15 [File No. 811-1507]
	Nuveen Tax Exempt Unit Trust Series 19 [File No. 811-1688]
	Nuveen Tax Exempt Unit Trust Series 20 [File No. 811-1742]
	Nuveen Tax Exempt Unit Trust Series 30 National Trust 30 [File No. 811-2096]
	Nuveen Tax Exempt Unit Trust Series 32 National Trust 32 [File No. 811-2121]
	Nuveen Tax Exempt Unit Trust Series 34 National Trust 34 [File No. 811-2160]
	Nuveen Tax Exempt Unit Trust Series 35 National Trust 35 [File No. 811-2169]
	Nuveen Tax Exempt Unit Trust Series 38 [File No. 811-2223]
	Nuveen Tax Exempt Unit Trust Series 39 National Trust 39 [File No. 811-2234]
	Touchstone Series Trust [File No. 811-8380]
	Arden Registered Institutional Advisers, L.L.C. [File No. 811-21307]
	Nuveen Florida Dividend Advantage Municipal Fund [File No. 811-9467]
        Nuveen Missouri Dividend Advantage Municipal Bond Fund [File No. 811-10195]
        Nuveen California Dividend Advantage Municipal Fund 4 [File No. 811-10545]
        Nuveen Dividend Advantage Municipal Fund 4 [File No. 811-10547]
        Nuveen Pennsylvania Dividend Advantage Municipal Fund 3 [File No. 811-21150]
        Nuveen New Jersey Dividend Advantage Municipal Fund 3 [File No. 811-21151]
        Nuveen Michigan Dividend Advantage Municipal Fund 2 [File No. 811-21156]
        Nuveen Colorado Dividend Advantage Municipal Fund [File No. 811-21159]
        Nuveen Insured PA Tax Free Advantage Municipal Fund [File No. 811-21243]
        Nuveen Insured NJ Tax Free Advantage Municipal Fund [File No. 811-21244]
        Nuveen Insured Michigan Tax-Free Advantage Municipal Fund [File No. 811-21245]
        Nuveen Insured New York Tax Free Advantage Municipal Fund 2 [File No. 811-21302]
        Nuveen Insured Tax-Free Advantage Municipal Fund 2 [File No. 811-21303]
        Nuveen Insured CA Tax Free Advantage Municipal Fund 2 [File No. 811-21304]
	Phoenix Trust [File No. 811-4116]
	American Municipal Term Trust Inc. III [File No. 811-6516]
	Lindbergh Funds [File No. 811-9437]
	TCW Premier Funds [File No. 811-21164]
	(Rel. IC-26776  February 25)

CML/OFFITBANK Separate Account

An order has been issued under Section 8(f) of the Investment Company Act declaring 
that CML/OFFITBANK Separate Account has ceased to be an investment company.  
(Rel. IC-26777 -  February 25)


HOLDING COMPANY ACT RELEASES
           
 
AMERICAN ELECTRIC POWER COMPANY, INC.

A notice has been issued giving interested persons until March 22, 2005, to request a 
hearing on a proposal by American Electric Power Company, Inc. (AEP), a registered 
holding company, to issue securities under a proposed Amended and Restated American 
Electric Power System 2000 Long-Term Incentive Plan (Plan), including issuing up to 
19,200,000 shares of its common stock.  An order has been issued authorizing AEP to 
solicit proxies in connection with the proposed Plan. (Rel. 35-27948)

CENTERPOINT ENERGY, INC.				

A supplemental order has been issued reducing by $200 million the external debt 
authority of CenterPoint Energy, Inc., a registered holding company, and increasing by 
$200 million the external debt authority of its public-utility subsidiary company, 
CenterPoint Energy Houston Electric, LLC (CEHE) through June 30, 2005.  The 
increased external debt at CEHE will enable CEHE to establish a $200 million dedicated 
revolving credit facility.   (Rel. 35-27949) 


SELF-REGULATORY ORGANIZATIONS
           
 
IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES 

On Jan. 27, 2005, the New York Stock Exchange (SR-NYSE-2005-12), and on Feb. 4, 
2005, the National Association of Securities Dealers (SR-NASD-2005-022) filed 
proposed rule changes relating to an alternative qualification standard for the research 
analyst qualification examination requirement for technical analysts and to provide an 
exemption from the research analyst qualification examination for certain associated 
persons who prepare technical research reports, respectively.  The proposed rule changes 
have become immediately effective under Section 19(b)(3)(A) of the Securities Exchange 
Act of 1934.   Publication of the proposals is expected in the Federal Register during the 
week of Feb. 28, 2005.  (Rel. 34-51240)

The American Stock Exchange filed a proposed rule change (SR-Amex-2005-021) 
relating to amending Section 507 of the Amex Company Guide to conform the definition 
of a large dividend to the threshold specified in Section 521 of the Company Guide.  
The proposed rule change, as amended, has become immediately effective under Section 
19(b)(3)(A) of the Securities Exchange Act of 1934.  Publication is expected in the 
Federal Register during the week of Feb. 28, 2005.  (Rel. 34-51250)

A proposed rule change (SR-CBOE-2005-02) filed by the Chicago Board Options 
Exchange relating to Exchange fees for reduced-value options on the Russell 2000 Index 
has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934.  
Publication of the proposal is expected in the Federal Register during the week of Feb. 
28, 2005.  (Rel. 34-51260)

A proposed rule change (SR-Amex-2005-025) by the American Stock Exchange relating 
to fees for transactions in options on the Nasdaq 100 Index (NDX) and Mini-Nasdaq 100 
Index (MNX) has become effective under Section 19(b)(3)(A) of the Securities Exchange 
Act of 1934.  Publication of the proposal is expected in the Federal Register during the 
week of Feb. 28, 2005.  (Rel. 34-51269)

ACCELERATED APPROVAL OF PROPOSED RULE CHANGES
The Commission granted accelerated approval to a proposed rule change (SR-PCX-2004-
117) and Amendment No. 1 thereto filed by the Pacific Exchange relating to trading of 
the streetTRACKS? Gold Shares under Section 19(b)(1) of the Securities Exchange Act 
of 1934.  Publication of the proposal is expected in the Federal Register during the week 
of Feb. 28, 2005.  (Rel. 34-51245)

The Commission granted accelerated approval to a proposed rule change (SR-Phlx-2005-
10) filed by the Philadelphia Stock Exchange relating to fees applicable to Linkage P and 
P/A orders.  Publication of the proposal is expected in the Federal Register during the 
week of Feb. 28, 2005.  (Rel. 34-51257)

The Commission granted accelerated approval pursuant to Section 19(b)(2) of the 
Securities Exchange Act of 1934 to the proposed rule change by the International 
Securities Exchange (SR-ISE-2005-11) relating to listing standards for options on 
narrow-based indexes.  Publication of the proposal is expected in the Federal Register 
during the week of Feb. 28, 2005.  (Rel. 34-51267)

PROPOSED RULE CHANGES
The American Stock Exchange filed a proposed rule change (SR-Amex-2005-001) 
relating to adoption of generic listing standards for index-linked securities.  Publication 
of the proposal is expected in the Federal Register during the week of Feb. 28, 2005.  
(Rel. 34-51258)

The National Association of Securities Dealers filed a proposed rule change and 
Amendment No. 1 thereto (SR-NASD-2004-125) regarding procedures for denying 
listing on Nasdaq.  Publication of the proposal is expected in the Federal Register during 
the week of March 7.  (Rel. 34-51268)

The Philadelphia Stock Exchange filed a proposed rule change (SR-Phlx-2004-75) 
relating to Floor Official conflicts of interest.  Publication of the proposal is expected in 
the Federal Register during the week of March 7.  (Rel. 34-51272)

APPROVAL OF PROPOSED RULE CHANGES

The Commission approved a proposed rule change (SR-CBOE-2004-45) and 
Amendment No. 2 and granted accelerated approval to Amendment Nos. 3 and 5 to the 
proposal submitted by the Chicago Board Options Exchange to create a complex order 
book for certain complex orders traded on the CBOE Hybrid System.  Publication of the 
proposal is expected in the Federal Register during the week of March 7.  (Rel. 34-
51271)

The Commission approved a proposed rule change and Amendment No. 1 thereto (SR-
NYSE-2004-031) submitted by the New York Stock Exchange relating to appointments 
to the NYSEs arbitration panels and Board of Arbitration and to the procedure for 
appointing a Director of Arbitration.  The Commission also granted accelerated approval 
to Amendment No. 2 to the proposed rule change.  Publication of the proposal is 
expected in the Federal Register during the week of March 7.  (Rel. 34-51273)

WITHDRAWALS GRANTED

An order has been issued granting the application of The Charles Schwab Corporation to 
withdraw its common stock, $.01 par value, from listing and registration on the Pacific 
Exchange, effective at the opening of business on Feb. 28, 2005.  (Rel. 34-51261)

An order has been issued granting the application of Regal-Beloit Corporation to 
withdraw its common stock, $.01 par value, from listing and registration on the American 
Stock Exchange, effective at the opening of business on Feb. 28, 2005.  (Rel. 34-51262)

An order has been issued granting the application of Boston Restaurant Associates, Inc. 
to withdraw its common stock, $.01 par value, from listing and registration on the Boston 
Stock Exchange, effective at the opening of business on Feb. 28, 2005.  (Rel. 34-51263)


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     ISTA PHARMACEUTICALS INC, 15295 ALTON PARKWAY, IRVINE, CA, 92618, 
        949-788-6000 - 0 ($219,000.00) Equity, (File 333-123026 - Feb. 28) 
        (BR. 01)

S-1     Citi Trends Inc, 102 FAHM STREET, SAVANNAH, GA, 31401, 912-236-1561 - 
        0 ($57,500,000.00) Equity, (File 333-123028 - Feb. 28) (BR. 02)

F-6     TELE NORTE LESTE PARTICIPACOES SA, HUMBERTO DE CAMPOS, N? 425, 
        8? ANDAR, RIO DE JANEIRO - RJ, D5, 22641-560, 3131-1315 - 
        100,000,000 ($5,000,000.00) ADRs/ADSs, (File 333-123029 - Feb. 28) 
        (BR. 37)

S-8     MERITAGE HOSPITALITY GROUP INC, 1971 E BELTLINE NE - SUITE 200, 
        GRAND RAPIDS, MI, 49525, 6167762600 - 150,000 ($789,000.00) Equity, 
        (File 333-123030 - Feb. 28) (BR. 05)

SB-2    China International Enterprises Corp., 
        NO. 5 FLOOR 6, BLOCK A, SKYWORTH BLDG., 
        HI-TECH INDUSTRIAL PARK, NANSHAN DISTRIC, SHENZHEN, F4, 518057, 
        212-232-0120 - 10,800,000 ($1,080,000.00) Equity, (File 333-123031 - 
        Feb. 28) (BR. 09)

SB-2    SAGEMARK COMPANIES LTD, 1285 AVE OF THE AMERICAS, 35TH FL, NEW YORK, 
        NY, 10019, 2125544219 - 6,750,000 ($24,075,000.00) Equity, 
        (File 333-123032 - Feb. 28) (BR. 01)

SB-2    NEXT INC/TN, 7625 HAMILTON PARK DRIVE, SUITE 12, CHATTANOOGA, TN, 
        37421, 423 296 8213 - 3,565,000 ($4,991,000.00) Equity, 
        (File 333-123033 - Feb. 28) (BR. 37)

S-3     WaMu Asset Acceptance Corp., 1201 THIRD AVENUE, 17TH FLOOR, SEATTLE, 
        WA, 98101, 206-461-2000 - 
        1,000,000 ($1,000,000.00) Mortgage Backed Securities, 
        (File 333-123034 - Feb. 28) (BR. )

S-8     UNITED BANCORP INC /OH/, 201 SOUTH FOURTH STREET, P O BOX 10, 
        MARTINS FERRY, OH, 43935, 7406330445 - 156,757 ($1,769,786.53) Equity, 
        (File 333-123036 - Feb. 28) (BR. 07)

S-8     CANTEL MEDICAL CORP, OVERLOOK AT GREAT NOTCH, 150 CLOVE ROAD, 
        LITTLE FALLS, NJ, 07424, 9734708700 - 0 ($17,932,500.00) Equity, 
        (File 333-123037 - Feb. 28) (BR. 36)

S-3D    SOUTHERN COMMUNITY FINANCIAL CORP, 4701 COUNTRY CLUB RD, WINSTON-
SALEM, 
        NC, 27104, 3367688500 - 0 ($9,880,000.00) Equity, (File 333-123038 - 
        Feb. 28) (BR. 07)

S-3D    COMMONWEALTH BANKSHARES INC, 403 BOUSH ST, NORFOLK, VA, 23510, 
        8044466900 - 0 ($5,595,000.00) Equity, (File 333-123039 - Feb. 28) 
        (BR. 07)

S-8     AMERICAN GREETINGS CORP, ONE AMERICAN ROAD, CLEVELAND, OH, 44144, 
        2162527300 - 108,000 ($2,593,080.00) Equity, (File 333-123041 - 
        Feb. 28) (BR. 05)

S-8     SMITH MICRO SOFTWARE INC, 51 COLUMBIA, STE 200, ALISO VIEJO, CA, 92656, 
        7143625800 - 0 ($5,592,471.00) Equity, (File 333-123042 - Feb. 28) 
        (BR. 03)

S-8     WIPRO LTD, SURVEY #76P & #80P DODDAKANAHALLI VILLAG, 
        VARTHUR HOBLI SARJAPUR RD BANGALORE, INDIA 560035, 
        0 ($125,700,000.00) Equity, (File 333-123043 - Feb. 28) (BR. 03)

S-8     PLANETLINK COMMUNICATIONS INC, 404-8430123 - 0 ($540,000.00) Equity, 
        (File 333-123044 - Feb. 28) (BR. 02)

S-8     ADVANCED TECHNOLOGY INDUSTRIES INC, 2030 MAIN ST. #1300, IRVINE, CA, 
        92614, 940-260-4770 - 5,000,000 ($875,000.00) Equity, 
        (File 333-123045 - Feb. 28) (BR. 07)

N-2     Endowment Fund, Inc., 4265 SAN FELIPE, 9TH FLOOR, HOUSTON, TX, 77027, 
        713.993.4698 - 700,000 ($10,500,000.00) Equity, (File 333-123046 - 
        Feb. 28) (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
------------------------------------------------------------------------------------------------
1ST CENTENNIAL BANCORP                  CA       8.01                           02/25/05

A CONSULTING TEAM INC                   NY       2.02,9.01                      02/28/05

A.C. Moore Arts & Crafts, Inc.          PA       1.01                           02/21/05

A21 INC                                 TX       1.01,2.02,9.01                 02/22/05

ABFC ASSET-BACKED CERTIFICATES SERIES   DE       8.01,9.01                      01/30/05

ABLEAUCTIONS COM INC                    FL       2.01,9.01                      02/28/05

ABRAXAS PETROLEUM CORP                  NV       7.01,9.01                      02/28/05

ACADIA REALTY TRUST                     MD       2.02,7.01,9.01                 02/28/05

ACCEPTANCE INSURANCE COMPANIES INC      DE       8.01,9.01                      02/22/05

ACCEPTANCE INSURANCE COMPANIES INC      DE       8.01,9.01                      02/15/05

ACCREDO HEALTH INC                      DE       1.01,1.02,8.01                 02/22/05

ACURA PHARMACEUTICALS, INC              NY       2.02,9.01                      02/28/05

ACUSPHERE INC                           DE       2.03,3.03,5.03,7.01,8.01,9.01  02/23/05

ADC TELECOMMUNICATIONS INC              MN       2.02,7.01,9.01                 02/28/05

ADVANCED BATTERY TECHNOLOGIES, INC.     DE       5.02                           02/22/05

ADVANCED POWER TECHNOLOGY INC                    2.02,9.01                      02/24/05

AEGIS ASSET BACKED SECURITIES CORP      DE       8.01                           02/25/05

AEP INDUSTRIES INC                      DE       2.02,9.01                      02/28/05

AEP INDUSTRIES INC                      DE       8.01,9.01                      02/28/05

AEP INDUSTRIES INC                      DE       5.02                           02/24/05

AEROFLEX INC                            DE       5.02                           02/28/05

AKORN INC                               LA       2.02,9.01                      02/28/05

ALION SCIENCE & TECHNOLOGY CORP         DE       8.01,9.01                      02/28/05

Allis Chalmers Energy Inc.              DE       9.01                           12/10/04    AMEND

ALLSTATE LIFE GLOBAL FUNDING            DE       8.01                           01/25/05

ALLSTATE LIFE GLOBAL FUNDING            DE       8.01                           01/24/05

ALPHA TECHNOLOGIES GROUP INC            DE       9.01                           02/10/05

ALPHARMA INC                            DE       1.01                           02/23/05

AMERICAN CAMPUS COMMUNITIES INC         MD       7.01                           02/25/05

American Community Bancorp, Inc.        IN       1.01,1.02,5.02,9.01            09/28/04

AMERICAN CONSOLIDATED MANAGEMENT GROU   UT       8.01,9.01                      02/28/05

AMERICAN DENTAL PARTNERS INC            DE       1.01,9.01                      02/22/05

AMERICAN ECOLOGY CORP                   DE       5.02                           02/24/05

AMERICAN ELECTRIC POWER CO INC          NY       1.01                           02/22/05

AMERICAN MEDICAL SYSTEMS HOLDINGS INC   DE       8.01                           02/23/05

AMERICAN PHYSICIANS CAPITAL INC         MI       1.01,9.01                      02/23/05

AMERICAN SEAFOODS GROUP LLC             DE       5.02                           02/28/05

AMERICAN TOWER CORP /MA/                DE       4.02,8.01,9.01                 02/22/05

AMERICAN WATER STAR  INC                NV       4.01,9.01                      02/24/05

AMH Holdings, Inc.                      DE       2.05                           02/28/05    AMEND

AMSURG CORP                             TN       5.02,7.01,9.01                 02/22/05

APPLEBEES INTERNATIONAL INC             DE       7.01                           02/28/05

ARCH COAL INC                           DE       1.01,9.01                      02/24/05

ARTHROCARE CORP                         DE       1.01,9.01                      02/15/05    AMEND

ASBURY AUTOMOTIVE GROUP INC             DE       8.01                           02/25/05

ASIA PAYMENT SYSTEMS                    NV       7.01,9.01                      02/28/05

ASSET BACKED SECURITIES CORP            DE       8.01,9.01                      02/28/05

ASSOCIATED MATERIALS INC                DE       2.05                           02/28/05    AMEND

ASTORIA FINANCIAL CORP                  DE       2.02,9.01                      02/28/05

ATLANTIC AMERICAN CORP                  GA       8.01                           02/22/05

ATLAS AIR WORLDWIDE HOLDINGS INC        DE       7.01,9.01                      02/28/05

ATLAS PIPELINE PARTNERS LP              DE       7.01,9.01                      02/28/05

AVAYA INC                               DE       1.01,9.01                      02/23/05

AVI BIOPHARMA INC                       OR       1.01,7.01,8.01,9.01            02/22/05

AXEDA SYSTEMS INC                       DE       2.02,9.01                      02/16/05    AMEND

Axion Power International, Inc.         DE       1.01,3.02                      02/28/05

BANK OF NEW YORK CO INC                 NY       3.03,9.01                      02/28/05

BANKNORTH GROUP INC/ME                  ME       8.01,9.01                      02/25/05

BASSETT FURNITURE INDUSTRIES INC        VA       1.01,9.01                      02/22/05

Battle Mountain Gold Exploration Corp            1.01,9.01                      02/24/05

BAY VIEW SECURITIZATION CORP            DE       9.01                           02/25/05

BAY VIEW SECURITIZATION CORP            DE       9.01                           12/27/04    AMEND

BAY VIEW TRANSACTION CORP                        9.01                           02/25/05

BB&T CORP                               NC       5.02                           02/22/05

BB&T CORP                               NC       1.01,9.01                      02/22/05

BEAR STEARNS ASSET BACKED SECURITIES    DE       8.01,9.01                      02/28/05

BEAR STEARNS COMPANIES INC              DE       8.01,9.01                      02/23/05

BEHRINGER HARVARD REIT I  INC           MD       1.01,9.01                      02/28/05

BEHRINGER HARVARD SHORT TERM OPPORTUN   TX       1.01,9.01                      02/28/05

BENTLEY COMMERCE CORP                   FL       3.02                           02/28/05

BEVERLY HILLS BANCORP INC               DE       5.02,9.01                      02/24/05

BITSTREAM INC                           DE       2.02                           02/28/05

BLOCKBUSTER INC                         DE       8.01,9.01                      02/28/05

BMW VEHICLE OWNER TRUST 2002-A                   9.01                           02/25/05

BMW VEHICLE OWNER TRUST 2003-A                   9.01                           02/25/05

BMW Vehicle Owner Trust 2004-A                   9.01                           02/25/05

BOSTON ACOUSTICS INC                    MA       5.03,9.01                      02/22/05

BOSTON LIFE SCIENCES INC /DE            DE       3.01,9.01                      02/23/05    AMEND

BRANDYWINE OPERATING PARTNERSHIP LP /   DE       2.02,9.01                      02/24/05

BRANDYWINE REALTY TRUST                 MD       2.02,9.01                      02/24/05

BROOKE CORP                             KS       8.01,9.01                      02/28/05

BROWN SHOE CO INC                       NY       2.02,4.02,9.01                 02/28/05

BUILD A BEAR WORKSHOP INC               DE       4.02,9.01                      02/25/05

BUTLER NATIONAL CORP                    DE       8.01,9.01                      02/28/05

CABOT OIL & GAS CORP                    DE       8.01,9.01                      02/28/05

CALTON INC                              NJ       2.02,4.02                      02/22/05

CANARGO ENERGY CORP                     DE       7.01,9.01                      02/28/05

CANEUM INC                              NV       8.01,9.01                      02/28/05

CANTERBURY CONSULTING GROUP INC         PA       8.01                           02/25/05

CARDIAC SCIENCE INC                     DE       2.02,9.01                      02/28/05

CAREDECISION CORP                       NV       7.01                           02/17/05

CAS MEDICAL SYSTEMS INC                 DE       2.02,4.02,9.01                 02/24/05

CASH AMERICA INTERNATIONAL INC          TX       1.01,2.03,9.01                 02/24/05

CATALYST LIGHTING GROUP INC             DE       5.02                           02/28/05

CATHAY GENERAL BANCORP                  DE       5.02,9.01                      02/28/05

CAVALRY BANCORP INC                     TN       1.01,7.01,9.01                 02/28/05

CBRL GROUP INC                          TN       7.01,9.01                      02/28/05

Celanese CORP                           DE       2.02,9.01                      02/28/05

CELL THERAPEUTICS INC                   WA       2.02,9.01                      02/28/05

CENDANT MORTGAGE CAPITAL LLC            DE       8.01                           02/28/05

Centerplate, Inc.                       DE       2.02,5.02,8.01,9.01            02/24/05

CENTEX CORP                             NV       1.01                           02/23/05

CENTEX CORP                             NV       1.01,1.02,2.03,9.01            02/22/05

CENTRAL FREIGHT LINES INC               NV       5.02                           02/28/05

CENTRAL VERMONT PUBLIC SERVICE CORP     VT       8.01                           02/22/05

CENTURION GOLD HOLDINGS INC             FL       1.01,9.01                      02/23/05

CEPHEID                                 CA       2.02,9.01                      02/28/05

CHAMPION INDUSTRIES INC                 WV       2.02,9.01                      02/25/05

CHARTERMAC                              DE       5.02,9.01                      02/25/05

CHENIERE ENERGY INC                     DE       8.01,9.01                      02/28/05

CHESTER VALLEY BANCORP INC              PA       8.01,9.01                      02/28/05

CHICAGO BRIDGE & IRON CO N V                     8.01,9.01                      02/25/05

CHINA WIRELESS COMMUNICATIONS INC       NV       4.01,9.01                      01/11/05    AMEND

CHIQUITA BRANDS INTERNATIONAL INC       NJ       1.01                           02/22/05

CHIRON CORP                             DE       5.02,9.01                      02/23/05

CHITTENDEN CORP /VT/                    VT       7.01,9.01                      02/28/05

CHROMAVISION MEDICAL SYSTEMS INC        DE       2.02,7.01,9.01                 02/24/05

CIBER INC                               DE       5.02,9.01                      02/23/05

CIRTRAN CORP                            NV       1.01,8.01,9.01                 02/22/05

CITIGROUP GLOBAL MARKETS HOLDINGS INC   NY       9.01                           02/25/05

CITIZENS BANKING CORP                   MI       1.01                           02/22/05

CITY HOLDING CO                         WV       1.01,1.02,5.02,9.01            02/23/05

CLEAR CHANNEL COMMUNICATIONS INC        TX       2.02,9.01                      02/25/05

CLOSURE MEDICAL CORP                    DE       7.01,9.01                      02/23/05

CMS ENERGY CORP                         MI       1.01,8.01                      02/22/05

CMS ENERGY CORP                         MI       1.01,8.01                      02/22/05    AMEND

Coastal Bancshares Acquisition Corp.    TX       8.01,9.01                      02/25/05

COBRA ELECTRONICS CORP                  DE       1.01                           02/22/05

COCA COLA BOTTLING CO CONSOLIDATED /D   DE       2.02,9.01                      02/23/05

COCA COLA BOTTLING CO CONSOLIDATED /D   DE       1.01,9.01                      02/23/05

COGENT COMMUNICATIONS GROUP INC                  1.01,2.03,9.01                 02/24/05

COMMERCIAL FEDERAL CORP                 NE       8.01,9.01                      02/24/05

COMMSCOPE INC                           DE       1.01,1.02                      02/24/05

COMMUNITY HEALTH SYSTEMS INC            DE       1.01,9.01                      02/28/05

COMPUTER SCIENCES CORP                  NV       3.03                           02/24/05

COMPUTER TASK GROUP INC                 NY       2.02,9.01                      02/28/05

CONEXANT SYSTEMS INC                    DE       5.03                           02/23/05

CONSUMER DIRECT OF AMERICA              NV       4.01,9.01                      02/25/05    AMEND

CONTINENTAL AIRLINES INC /DE/           DE       3.03,8.01,9.01                 02/28/05

Copano Energy, L.L.C.                   DE       7.01                           02/24/05

CORPORATE PROPERTY ASSOCIATES 12 INC    MD       5.02                           02/22/05

CORPORATE PROPERTY ASSOCIATES 14 INC    MD       5.02                           02/22/05

CORPORATE PROPERTY ASSOCIATES 15 INC    MD       5.02                           02/22/05

CORPORATE PROPERTY ASSOCIATES 16 GLOB   MD       5.02                           02/22/05

COSTAR GROUP INC                        DE       1.01,2.03                      02/23/05

COUNTRYWIDE FINANCIAL CORP              DE       2.02,9.01                      02/28/05

COVENTRY HEALTH CARE INC                DE       2.02,9.01                      02/28/05    AMEND

CREDIT SUISSE FIRST BOSTON MORTGAGE S   DE       8.01,9.01                      02/28/05

CREDIT SUISSE FIRST BOSTON MORTGAGE S   DE       8.01,9.01                      02/28/05

CRESTED CORP                            CO       8.01                           02/22/05

CROMPTON CORP                           DE       1.01,9.01                      02/28/05

CV THERAPEUTICS INC                     DE       8.01                           02/24/05

CWALT INC                                        9.01                           02/28/05

CWALT INC                                        9.01                           02/28/05

CWALT INC                                        8.01,9.01                      02/28/05

CWALT INC                                        8.01,9.01                      02/24/05

CWMBS INC                               DE       9.01                           02/28/05

CWMBS INC                               DE       9.01                           02/28/05

CWMBS INC                               DE       8.01,9.01                      02/23/05

CWMBS INC                               DE       8.01,9.01                      02/24/05

CYBERLUX CORP                           NV       8.01                           02/28/05

CYTYC CORP                              DE       8.01,9.01                      02/24/05

DELTA PETROLEUM CORP/CO                 CO       7.01                           02/28/05

DELTA PETROLEUM CORP/CO                 CO       8.01,9.01                      02/28/05

DELUXE CORP                             MN       5.02,9.01                      02/23/05

DEWEY ELECTRONICS CORP                  NY       1.01                           02/28/05

DIGIRAD CORP                            DE       2.02,9.01                      02/28/05

DIGITAL LEARNING                        NV       2.04,5.01,8.01                 02/22/05

Digital Realty Trust, Inc.              MD       2.02,7.01,9.01                 02/28/05

DUCOMMUN INC /DE/                       DE       2.02                           02/28/05

DUKE ENERGY CORP                        NC       1.01,7.01,9.01                 12/16/04

DYNAMIC MATERIALS CORP                  DE       2.02,9.01                      02/22/05

E DIGITAL CORP                          DE       7.01                           02/28/05

EACO CORP                               FL       1.01,9.01                      02/28/05

EBIX INC                                DE       1.01,9.01                      02/23/05

ECOLAB INC                              DE       5.02,9.01                      02/25/05

EDUCATION LOANS INC /DE                 DE       8.01,9.01                      09/14/04    AMEND

EDUCATION LOANS INC /DE                 DE       8.01,9.01                      11/18/04    AMEND

EDUCATION LOANS INC /DE                 DE       8.01,9.01                      10/13/04    AMEND

EDUCATIONAL DEVELOPMENT CORP            DE       4.01,9.01                      02/22/05

ELAMEX SA DE CV                                  2.02,9.01                      02/28/05

ELECTRONIC CONTROL SECURITY INC         NJ       8.01,9.01                      02/16/05

ELECTRONIC SYSTEMS TECHNOLOGY INC       WA       8.01,9.01                      02/25/05

EMCOR GROUP INC                         DE       2.02,9.01                      12/31/04

EMERGE INTERACTIVE INC                  DE       1.01,2.02,9.01                 02/28/05

ENCORE CAPITAL GROUP INC                DE       7.01                           02/22/05

ENCORE MEDICAL CORP                     DE       2.02,8.01,9.01                 02/28/05

Endavo Media & Communications, Inc.     DE       3.02,9.01                      02/22/05

ENDOCARE INC                            DE       7.01,9.01                      02/28/05

ENTERPRISE FINANCIAL SERVICES CORP      DE       7.01,9.01                      02/28/05

EPIXTAR CORP                            FL       2.02,9.01                      02/28/05

EQUINOX HOLDINGS INC                    DE       5.02                           02/23/05

ERIE INDEMNITY CO                       PA       1.01                           02/28/05

ESCHELON TELECOM INC                             8.01                           02/23/05

EXIDE TECHNOLOGIES                      DE       1.01,9.01                      02/24/05

EYETECH PHARMACEUTICALS INC             DE       7.01                           02/28/05

FEATHERLITE INC                         MN       1.01,2.03                      12/24/04

FEDERAL SCREW WORKS                     MI       3.01,9.01                      02/28/05

FEDERATED DEPARTMENT STORES INC /DE/    DE       1.01,9.01                      02/27/05

FINANCIAL SECURITY ASSURANCE HOLDINGS   NY       1.01,9.01                      02/16/05    AMEND

FIRST HORIZON ASSET SECURITIES INC      DE       8.01,9.01                      02/28/05

FIRST HORIZON ASSET SECURITIES INC      DE       8.01,9.01                      02/28/05

FIRST HORIZON ASSET SECURITIES INC      DE       8.01,9.01                      02/28/05

FIRST HORIZON NATIONAL CORP             TN       1.01                           02/28/05

FIRST IPSWICH BANCORP /MA               MA       1.01,9.01                      02/22/05

FIRST LITCHFIELD FINANCIAL CORP         DE       8.01,9.01                      02/24/05

FIRST MIDWEST BANCORP INC               DE       1.01,9.01                      02/28/05

FIRST NATIONAL FUNDING LLC              NE       8.01,9.01                      02/15/05

FISCHER IMAGING CORP                    DE       1.01,1.02,2.03,3.02,5.02,9.01  02/23/05

FLYI INC                                DE       9.01                           02/28/05

FMC TECHNOLOGIES INC                             7.01,9.01                      02/28/05

FOOTHILL INDEPENDENT BANCORP            DE       1.01,9.01                      02/22/05

Ford Credit Auto Owner Trust 2005-A     DE       8.01,9.01                      01/31/05

FRIEDMAN BILLINGS RAMSEY GROUP INC      VA       7.01,9.01                      02/28/05

FTD Group, Inc.                                  8.01                           02/25/05

FTI CONSULTING INC                      MD       7.01,9.01                      02/24/05

GABELLI ASSET MANAGEMENT INC            NY       8.01                           02/28/05

GAIAM INC                               CO       2.02,9.01                      02/28/05

GARDENBURGER INC                        OR       4.01,9.01                      02/22/05

GAYLORD ENTERTAINMENT CO /DE            DE       1.01,2.03,9.01                 02/22/05

GEHL CO                                 WI       2.02,9.01                      02/28/05

GENAERA CORP                            DE       8.01,9.01                      02/24/05

GENAERA CORP                            DE       8.01,9.01                      02/25/05

GENERAL MILLS INC                       DE       8.01,9.01                      02/28/05

GEOTEC THERMAL GENERATORS INC           FL       1.01,1.02,2.01,3.02,5.01,9.01  01/03/05

GLOBAL ENTERTAINMENT CORP               NV       8.01,9.01                      02/25/05

Global Pharmatech, Inc.                 DE       4.01,9.01                      02/11/05

GOODYEAR TIRE & RUBBER CO /OH/          OH       1.01,9.01                      02/22/05

GOODYEAR TIRE & RUBBER CO /OH/          OH       2.02,4.02,8.01                 02/22/05

GRAFTECH INTERNATIONAL LTD              DE       5.02                           02/23/05

GREAT ATLANTIC & PACIFIC TEA CO INC     MD       1.01                           02/24/05

GREENWICH CAPITAL ACCEPTANCE INC        DE       8.01,9.01                      02/28/05

GREENWICH CAPITAL ACCEPTANCE INC        DE       8.01,9.01                      02/28/05

GREER BANCSHARES INC                    SC       8.01,9.01                      02/24/05

HABERSHAM BANCORP                       GA       1.01,9.01                      02/23/05

HAMMONS JOHN Q HOTELS INC               DE       7.01,9.01                      02/25/05

HARLEYSVILLE GROUP INC                  DE       1.01                           02/22/05

HARRIS CORP /DE/                        DE       5.03,8.01,9.01                 02/25/05

HARTCOURT COMPANIES INC                 UT       2.01,3.02,9.01                 02/21/05

HARTFORD LIFE INSURANCE CO              CT       9.01                           02/25/05

HARTFORD LIFE INSURANCE CO              CT       9.01                           02/22/05

HARTFORD LIFE INSURANCE CO              CT       9.01                           02/28/05

HCC INSURANCE HOLDINGS INC/DE/          DE       3.02                           02/25/05

HEARUSA INC                             DE       2.02                           02/28/05

HEINZ H J CO                            PA       2.02                           02/28/05

HOLLY ENERGY PARTNERS LP                DE       7.01,9.01                      02/28/05

HOMEBANC CORP                           GA       1.01,2.03,9.01                 02/23/05

HOMENET CORP                            DE       1.01,3.02,9.01                 02/23/05

HORIZON HEALTH CORP /DE/                DE       8.01                           02/28/05

HOSPIRA INC                             DE       7.01,9.01                      02/28/05

HOSPIRA INC                             DE       1.01,5.02,9.01                 02/23/05

HSBC Finance CORP                                4.02                           02/23/05

HSBC Finance CORP                                2.02,9.01                      02/28/05

HUSKER AG  LLC                          NE       2.03,9.01                      02/22/05

ID-CONFIRM, INC.                        NV       1.01,9.01                      02/18/05

IMMUNICON CORP                                   8.01,9.01                      02/28/05

INCYTE CORP                             DE       2.02,8.01,9.01                 02/28/05

INDYMAC ABS INC                         DE       8.01,9.01                      02/28/05

INLAND RETAIL REAL ESTATE TRUST INC     MD       1.01,9.01                      02/28/05

INNOVO GROUP INC                        DE       2.02,9.01                      02/28/05

INTEGRA BANK CORP                       IN       7.01,9.01                      02/28/05

INTEGRAMED AMERICA INC                  DE       7.01,9.01                      02/28/05

INTERACTIVE DATA CORP/MA/               DE       1.01,9.01                      02/22/05

INTERCHANGE CORP                        DE       2.02,9.01                      02/28/05

INTERMET CORP                           GA       7.01,9.01                      02/28/05

INTERNATIONAL BUSINESS MACHINES CORP    NY       1.01                           02/24/05

INTERNATIONAL STAR INC                  NV       7.01,9.01                      02/18/05

INTERSECTIONS INC                       DE       7.01                           02/25/05

INTUIT INC                              DE       1.01,9.01                      02/25/05

INVERNESS MEDICAL INNOVATIONS INC       DE       2.02,7.01,8.01,9.01            02/22/05

IPARTY CORP                             DE       2.02,9.01                      02/25/05

ISTAR FINANCIAL INC                     MD       8.01,9.01                      02/23/05

ITC DELTACOM INC                        DE       1.01,1.02,9.01                 02/28/05

J P MORGAN CHASE & CO                   DE       1.01                           12/14/04

JAMDAT MOBILE INC                                2.02,9.01                      02/24/05

JANUS CAPITAL GROUP INC                 DE       1.01,3.03,9.01                 02/23/05

KAISER GROUP HOLDINGS INC               DE       8.01,9.01                      02/28/05

KCS ENERGY INC                          DE       1.01,7.01,9.01                 02/22/05

KEY GOLD CORP                           NV       8.01                           02/25/05

KEYCORP STUDENT LOAN TRUST 1999 B       DE       8.01,9.01                      02/25/05

KEYCORP STUDENT LOAN TRUST 2000-A       OH       8.01,9.01                      02/25/05

KEYCORP STUDENT LOAN TRUST 2002-A       OH       8.01,9.01                      02/28/05

KMART HOLDING CORP                      DE       1.01,9.01                      02/22/05

KMG CHEMICALS INC                       TX       5.02                           02/28/05

KNBT BANCORP INC                        PA       8.01,9.01                      02/28/05

LAUREATE EDUCATION, INC.                MD       2.02,9.01                      02/28/05

LCA VISION INC                          DE       1.01,9.01                      02/22/05

LEHMAN ABS CORP BOEING NOTE BACKED SE   DE       8.01,9.01                      02/15/05

LEHMAN ABS CORP BOEING SECURITIES BAC   DE       8.01,9.01                      02/15/05

LEHMAN ABS CORP CIT CAPITAL TR 1 SEC    DE       8.01,9.01                      02/15/05

LEHMAN ABS CORP CORPORATE BACKED TRUS   DE       8.01,9.01                      02/15/05

LEHMAN ABS CORP DUKE CAPITAL NOTE BAC   DE       8.01,9.01                      02/15/05

LEHMAN ABS CORP GOLD SACHS CAP I SEC    DE       8.01,9.01                      02/15/05

LEHMAN ABS CORP GOLDMAN SACHS CAP 1 S   DE       8.01,9.01                      02/15/05

LEHMAN ABS CORP GOLDMAN SACHS CAP 1 S   DE       8.01,9.01                      02/15/05

LEHMAN ABS CORP GOLDMAN SACHS NOTE-BK   DE       8.01,9.01                      02/15/05

LENNOX INTERNATIONAL INC                DE       5.03,9.01                      02/25/05

LIN TV CORP                             DE       1.01                           02/23/05

LIONS GATE ENTERTAINMENT CORP /CN/               2.03,9.01                      02/24/05

LODGENET ENTERTAINMENT CORP             DE       5.02                           02/24/05

LOOKSMART LTD                           DE       2.02,5.02,9.01                 02/23/05

LORAL SPACE & COMMUNICATIONS LTD        D0       8.01,9.01                      02/23/05

LOUDEYE CORP                            DE       1.01,9.01                      02/25/05

LOWRANCE ELECTRONICS INC                DE       2.02,9.01                      02/28/05

MACROVISION CORP                        DE       2.02,4.02,9.01                 01/31/05

MAILKEY CORP                            NV       4.01,9.01                      01/31/05    AMEND

MANOR CARE INC                          DE       5.02                           02/23/05

MARSH & MCLENNAN COMPANIES, INC.        DE       5.04,9.01                      02/28/05

MAY DEPARTMENT STORES CO                DE       1.01                           02/27/05

MB FINANCIAL INC     /MD                MD       7.01                           02/28/05

MBNA CORP                               MD       1.01                           02/24/05

MCDERMOTT INTERNATIONAL INC             R1       1.01                           02/22/05

MDC HOLDINGS INC                        DE       1.01,9.01                      02/25/05

MEADWESTVACO CORP                       DE       1.01,9.01                      02/22/05

MEDAREX INC                             NJ       2.02,9.01                      02/28/05

MEDICAL STAFFING NETWORK HOLDINGS INC   DE       1.01,2.03,9.01                 02/24/05

MEMC ELECTRONIC MATERIALS INC           DE       5.02                           02/23/05

MERCK & CO INC                          NJ       1.01,5.02,9.01                 02/22/05

MERCK & CO INC                          NJ       8.01,9.01                      02/28/05

MERCK & CO INC                          NJ       8.01,9.01                      02/28/05

Meritage Homes CORP                     MD       7.01,8.01,9.01                 02/23/05

MERRILL LYNCH MORTGAGE INVESTORS INC    DE       8.01,9.01                      02/28/05

METLIFE INC                             DE       1.01,9.01                      02/22/05

MICRON ENVIRO SYSTEMS INC               NV       8.01                           02/28/05

MICRONETICS  INC                        DE       4.01                           02/22/05

MICROSTRATEGY INC                       DE       1.01,9.01                      02/21/05

MIDNET INC                                       1.01                           02/28/05

MIDWEST AIR GROUP INC                   WI       1.01                           02/16/05

MIDWEST AIR GROUP INC                   WI       1.01,9.01                      08/13/04    AMEND

MIDWEST AIR GROUP INC                   WI       1.01,8.01,9.01                 01/05/05    AMEND

MIDWEST BANC HOLDINGS INC               DE       1.01,2.04,5.03,8.01,9.01       11/22/04

MILITARY RESALE GROUP INC               FL       5.02,9.01                      02/28/05

MILLENNIUM CELL INC                     DE       1.01,2.02,9.01                 02/28/05

MIV THERAPEUTICS INC                    NV       8.01,9.01                      02/22/05

MONTPELIER RE HOLDINGS LTD              D0       1.01,7.01,9.01                 02/24/05

MORTGAGE ASSET SECURITIZATION TRANSAC   DE       8.01,9.01                      02/28/05

MPHASE TECHNOLOGIES INC                 NJ       8.01                           02/28/05

MPS GROUP INC                           FL       1.01,9.01                      02/22/05

MQ ASSOCIATES INC                                5.02                           02/28/05

MYLAN LABORATORIES INC                  PA       1.02,9.01                      02/27/05

NASH FINCH CO                           DE       1.01,9.01                      02/22/05

NATHANS FAMOUS INC                      DE       1.01,9.01                      02/25/05

NATIONAL CITY CORP                      DE       5.03,9.01                      02/28/05

NAVISTAR INTERNATIONAL CORP             DE       1.01,8.01,9.01                 02/23/05

NCO GROUP INC                           PA       7.01,9.01                      02/28/05

NCR CORP                                MD       1.01                           02/23/05

NEOPROBE CORP                           DE       2.02,8.01,9.01                 02/24/05

NEOSE TECHNOLOGIES INC                  DE       1.02                           02/24/05

NETFRAN DEVELOPMENT CORP                FL       1.01,2.01,8.01,9.01            02/28/05

NEW PLAN EXCEL REALTY TRUST INC         MD       1.01,5.02,9.01                 02/22/05

NEWMARKET CORP                          VA       1.01,5.02,5.03,9.01            02/22/05

NewMarket Technology Inc                NV       4.01,9.01                      02/23/05

NICOR INC                               IL       2.02,9.01                      12/31/04

NNN 2002 VALUE FUND LLC                          1.01,9.01                      02/24/05

NOBLE CORP                                       5.02                           02/28/05

NOLAND CO                               VA       2.02                           02/28/05

NORTEM, N.V.                            DE       3.01,8.01                      02/23/05

NORTH AMERICAN TECHNOLOGIES GROUP INC   DE       1.01,1.02,3.02,5.01,5.02,5.03  02/22/05

NORTH VALLEY BANCORP                    CA       8.01,9.01                      02/28/05

NORTHLAND CRANBERRIES INC /WI/          WI       1.01,2.01,2.03,9.01            02/28/05

NOVOSTE CORP /FL/                       FL       2.05,9.01                      02/22/05

NS GROUP INC                            KY       8.01,9.01                      02/28/05

OMNIVISION TECHNOLOGIES INC             DE       2.02,9.01                      02/28/05

ON THE GO HEALTHCARE INC                DE       2.01                           02/28/05

OPHTHALMIC IMAGING SYSTEMS              CA       2.02,9.01                      02/28/05

OPTION CARE INC/DE                      DE       2.02,9.01                      02/22/05

ORBITAL SCIENCES CORP /DE/              DE       1.01                           02/22/05

OUTLOOK GROUP CORP                      WI       4.01,9.01                      02/23/05

Park Place Securities, Inc.             DE       9.01                           02/01/05

PARKER DRILLING CO /DE/                 DE       1.01                           02/22/05

PARKER DRILLING CO /DE/                 DE       1.01                           02/28/05    AMEND

PARKVALE FINANCIAL CORP                 PA       1.01,9.01                      02/23/05

PATRIOT SCIENTIFIC CORP                 DE       1.01,9.01                      02/21/05

PAXSON COMMUNICATIONS CORP              DE       1.01,5.02,9.01                 02/24/05

PDG ENVIRONMENTAL INC                   DE       1.01,9.01                      02/22/05

PEAK INTERNATIONAL LTD                  D0       3.01,9.01                      02/24/05

PeopleSupport, Inc.                     DE       2.02,9.01                      02/28/05

PEP BOYS MANNY MOE & JACK               PA       5.02                           02/25/05

PEPSI BOTTLING GROUP INC                DE       5.02                           02/23/05

PEREGRINE SYSTEMS INC                   DE       1.01                           02/22/05

PERFORMANCE FOOD GROUP CO               TN       1.01,8.01,9.01                 02/22/05

PETRO STOPPING CENTERS L P              DE       2.02,9.01                      02/22/05

PHARMACOPEIA DRUG DISCOVERY INC         DE       1.01,9.01                      02/24/05

PHARMOS CORP                            NV       8.01,9.01                      02/28/05

PHEAA STUDENT LOAN TRUST I              DE       8.01,9.01                      02/15/05

PHYSIOMETRIX INC                        DE       3.01                           02/28/05

PIPER JAFFRAY COMPANIES                          1.01                           02/22/05

PLAINS ALL AMERICAN PIPELINE LP         DE       7.01                           02/28/05

PLURISTEM LIFE SYSTEMS INC              NV       1.01,5.02,9.01                 02/18/05

POTLATCH CORP                           DE       1.01                           02/22/05

POZEN INC /NC                                    2.02,8.01                      02/28/05

PPT VISION INC                          MN       2.02,9.01                      02/28/05

PRAXAIR INC                             DE       1.01                           02/22/05

PRECISION CASTPARTS CORP                OR       1.01                           02/24/05

PRIMEDIA INC                            DE       2.02,9.01                      02/28/05

PRINCIPAL LIFE INSURANCE CO             IA       9.01                           02/23/05

PRIVATEBANCORP INC                      DE       7.01                           02/28/05

PRIVATEBANCORP INC                      DE       5.02,9.01                      02/26/05

PROASSURANCE CORP                       DE       7.01,9.01                      02/28/05

PROVIDENT BANKSHARES CORP               MD       2.04,7.01,9.01                 02/28/05

PROVIDIAN FINANCIAL CORP                DE       4.02                           02/22/05

PROVIDIAN FINANCIAL CORP                DE       2.02,9.01                      02/22/05

PURADYN FILTER TECHNOLOGIES INC         DE       5.02,9.01                      02/25/05

PVC CONTAINER CORP                      DE       5.02                           02/24/05

QUANTUM FUEL SYSTEMS TECHNOLOGIES WOR   DE       8.01,9.01                      02/28/05

QUINTON CARDIOLOGY SYSTEMS INC          DE       1.01,8.01,9.01                 02/28/05

R & B INC                               PA       2.02,8.01,9.01                 02/25/05

R H DONNELLEY CORP                      DE       7.01,9.01                      02/28/05

RADIOSHACK CORP                         DE       1.01,9.01                      02/28/05

RAPTOR NETWORKS TECHNOLOGY INC                   1.01,2.03                      02/22/05

REALTY INCOME CORP                      MD       8.01,9.01                      02/25/05

RELIASTAR LIFE INSURANCE CO OF NEW YO   NY       1.01                           02/28/05

RENAISSANCERE HOLDINGS LTD                       8.01,9.01                      02/28/05

RETEK INC                               DE       1.01,9.01                      02/28/05

REYNOLDS & REYNOLDS CO                  OH       5.02,9.01                      02/28/05

RF MICRO DEVICES INC                    NC       2.05,2.06,9.01                 02/24/05

SAFEWAY INC                             DE       2.02,9.01                      02/23/05

SAUER DANFOSS INC                       DE       1.01                           02/22/05

SBA COMMUNICATIONS CORP                 FL       2.02,4.02,9.01                 02/25/05

SBE INC                                 DE       2.02,7.01,9.01                 01/31/05    AMEND

SCHEID VINEYARDS INC                    DE       2.02,9.01                      02/28/05

SCORES HOLDING CO INC                   UT       4.01,9.01                      02/28/05

SEARS ROEBUCK & CO                      NY       1.01,9.01                      02/23/05

SEARS ROEBUCK ACCEPTANCE CORP           DE       1.01,9.01                      02/22/05

SECURED  DIVERSIFIED INVESTMENT LTD     NV       5.02                           02/28/05

SENTIGEN HOLDING CORP                   DE       1.01,2.01,9.01                 02/22/05

SENTO CORP                              UT       8.01,9.01                      02/28/05

SHIRE PHARMACEUTICALS GROUP PLC                  8.01,9.01                      02/28/05

SIMCLAR INC                             FL       5.02                           02/28/05

SiVault Systems, Inc.                   NV       2.01,9.01                      11/30/04    AMEND

SMITH & WOLLENSKY RESTAURANT GROUP IN   DE       4.02                           02/23/05

SMITH INTERNATIONAL INC                 DE       1.01,9.01                      02/28/05

SOLECTRON CORP                          DE       1.01,8.01                      02/22/05

SOUTHSIDE BANCSHARES INC                TX       5.02                           02/24/05

SOUTHWEST BANCORP INC                   OK       2.01,9.01                      02/24/05

SOUTHWESTERN ENERGY CO                  AR       2.02                           02/28/05

SOUTHWESTERN ENERGY CO                  AR       8.01,9.01                      02/28/05

Specialty Underwriters Alliance, Inc.   DE       5.02                           02/28/05

SPORTS RESORTS INTERNATIONAL INC        MI       8.01,9.01                      02/28/05

STAR SCIENTIFIC INC                     DE       1.01,9.01                      02/25/05

STARSOFT INC                            NV       2.01,9.01                      12/16/04    AMEND

STEELCLOUD  INC                         VA       8.01                           02/24/05

STORAGE COMPUTER CORP                   DE       1.01                           02/28/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01                           02/28/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01,9.01                      02/17/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01,9.01                      02/28/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01                           02/28/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01                           02/25/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01                           02/28/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01                           02/28/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01                           02/28/05

STRUCTURED ASSET SECURITIES CORP        DE       8.01,9.01                      02/28/05

SUN COMMUNITIES INC                     MD       1.01                           02/23/05

SUPERIOR UNIFORM GROUP INC              FL       2.02,9.01                      02/25/05

Surge Global Energy, Inc.                        7.01                           02/04/05    AMEND

SWANK, INC.                             DE       2.02,9.01                      02/28/05

TAIWAN FUND INC                         DE       7.01                           01/01/05

TASKER CAPITAL CORP                     NV       1.01,9.01                      02/22/05

Tejas Inc                               DE       8.01,9.01                      02/28/05

Tejas Inc                               DE       1.01,2.01,2.03,9.01            02/22/05

TEPPCO PARTNERS LP                      DE       7.01,9.01                      02/28/05

TERCICA INC                             DE       1.01,8.01,9.01                 02/28/05

TEREX CORP                              DE       8.01,9.01                      02/28/05

TETON PETROLEUM CO                      DE       1.01,1.02,5.02,9.01            02/22/05

TEXTRON INC                             DE       5.02                           02/23/05

TIFFANY & CO                            DE       2.02,9.01                      02/28/05

TITAN INTERNATIONAL INC                 IL       1.01,9.01                      02/28/05

TITANIUM METALS CORP                    DE       8.01,9.01                      02/28/05

TORCHMARK CORP                          DE       1.01,9.01                      02/22/05

Tower Group, Inc.                       DE       8.01,9.01                      02/28/05

TRACTOR SUPPLY CO /DE/                  DE       4.02,9.01                      02/24/05

TRANSACTION SYSTEMS ARCHITECTS INC      DE       8.01                           02/25/05

TRANSOCEAN INC                          E9       7.01,9.01                      02/28/05

TREX CO INC                             DE       7.01                           02/24/05

TROPICAL SPORTSWEAR INTERNATIONAL COR   FL       1.02,2.01,5.02                 02/26/05

TXU ELECTRIC DELIVERY CO                TX       1.01                           02/22/05

UAL CORP /DE/                           DE       1.01                           02/22/05

ULTRA PETROLEUM CORP                             5.02,9.01                      02/24/04

ULTRALIFE BATTERIES INC                 DE       7.01,9.01                      02/28/05

UMB FINANCIAL CORP                      MO       1.01                           02/22/05

UNITED BANCORP INC /OH/                 OH       8.01                           02/28/05

UNITED HERITAGE CORP                    UT       2.01,9.01                      01/27/05

UNITED HERITAGE CORP                    UT       1.01,9.01                      02/22/05

UNITED RETAIL GROUP INC/DE              DE       2.02,9.01                      02/28/05

UNITED STATIONERS INC                   DE       1.01                           12/07/04

UNIVISION COMMUNICATIONS INC            DE       2.02,9.01                      02/28/05

URBAN TELEVISION NETWORK CORP           NV       5.02,9.01                      02/28/05

US AIRWAYS GROUP INC                    DE       7.01,9.01                      02/28/05

US CAN CORP                             DE       9.01                           12/31/04

US ENERGY CORP                          WY       8.01                           02/22/05

USEC INC                                DE       1.01,1.02,9.01                 02/23/05

V I TECHNOLOGIES INC                    DE       2.02,9.01                      02/28/05

VALEANT PHARMACEUTICALS INTERNATIONAL   DE       1.01,9.01                      02/22/05

VALSPAR CORP                            DE       1.01                           02/23/05

VERISITY LTD                                     8.01,9.01                      02/28/05

VERITEC INC                             NV       1.03                           02/28/05

VITASTI, INC. /DE/                      DE       2.01,5.01,5.02,5.03,8.01,9.01  11/23/04    AMEND

WASHINGTON POST CO                      DE       2.02                           02/25/05

WELLS FARGO & CO/MN                     DE       1.01,9.01                      02/22/05

WELLS REAL ESTATE INVESTMENT TRUST IN   DE       1.01,7.01,8.01,9.01            02/25/05

WEST COAST BANCORP /NEW/OR/             OR       1.01                           02/22/05

WESTERN STANDARD CORP                   WY       2.01,9.01                      02/24/05

WFS FINANCIAL 2004-1 OWNER TRUST                 8.01,9.01                      02/22/05

WFS FINANCIAL 2004-2 OWNER TRUST        CA       8.01,9.01                      02/22/05

WFS Financial 2004-3 Owner Trust        CA       8.01,9.01                      02/17/05

WFS Financial 2004-4 Owner Trust        CA       8.01,9.01                      02/17/05

WHITNEY HOLDING CORP                    LA       1.01                           02/22/05

WILLBROS GROUP INC                      R1       2.02,4.02,9.01                 02/22/05

WILSHIRE BANCORP INC                    CA       8.01,9.01                      02/25/05

WILSON GREATBATCH TECHNOLOGIES INC      DE       1.01                           02/22/05

WINWIN GAMING INC                       DE       1.01,3.02,9.01                 02/25/05

WORLDWIDE MANUFACTURING USA INC         CO       1.01,2.01,9.01                 02/25/05

WYNN RESORTS LTD                                 8.01                           02/28/05

XM SATELLITE RADIO HOLDINGS INC         DE       8.01,9.01                      02/28/05

XOMA LTD /DE/                           DE       1.01,5.02,8.01                 02/23/05

YAK COMMUNICATIONS INC                  FL       3.01,7.01,9.01                 02/25/05

YARDVILLE NATIONAL BANCORP              NJ       1.01                           02/23/05

YDI WIRELESS INC                        DE       2.02,9.01                      02/28/05

YELLOW ROADWAY CORP                     DE       1.01,7.01,9.01                 02/27/05

ZONE 4 PLAY INC                         NV       1.01,9.01                      02/22/05
 
 
 
 
29
  NEWS DIGEST, March 1, 2005