SEC NEWS DIGEST


Issue  2003-202                                               October 23, 2003


     
COMMISSION ANNOUNCEMENTS     

     
SEC PROPOSES FUND SUBADVISER AND SHORT SALE RULES; ADOPTS CHANGES TO RULE 10b-
18

     On October 22, the Securities and Exchange Commission voted to propose a
     new  rule  and  rule  amendments  concerning  shareholder  approval   of
     subadvisory  arrangements at investment companies; to amend Rule  10b-18
     and  related  disclosure  regulations; to propose  new  rules  and  rule
     amendments and issue an interpretive release dealing with regulation  of
     short sales.
     
     The  Commission  decided to propose new Rule 15a-5 under the  Investment
     Company Act and amendments to Form N-1A under the Securities Act of 1933
     and  the  Investment  Company  Act.   The  amendments  would  allow   an
     investment  adviser  to serve as a subadviser to an  investment  company
     (fund) without shareholder approval, under certain conditions.
     
     The  Investment Company Act prohibits an investment adviser from serving
     a fund unless the fund's shareholders have voted to approve the adviser.
     In  the past ten years, many funds have begun to operate as "manager  of
     managers"  funds,  in which the principal investment  adviser  does  not
     directly manage the fund's portfolio investments, but instead hires  and
     supervises  other investment advisers (i.e., subadvisers) to manage  the
     fund's investments.
     
     In a manager of managers fund, the principal adviser changes subadvisers
     based  on their performance, much as a fund's investment adviser changes
     its portfolio manager employees based on their performance.  The ability
     to  hire  and  fire  subadvisers without the  delay  and  expense  of  a
     shareholder vote benefits shareholders by allowing the fund  to  quickly
     terminate  a poorly performing subadviser and hire another.   Therefore,
     the Commission has issued exemptive orders to funds that have sought  to
     operate in this way, and the proposed amendments would make this  relief
     available to all manager of managers funds.
     
     The  rule amendments the Commission is proposing would exempt funds from
     the shareholder vote requirement if
     
          *  hiring the subadviser would not increase management fees paid by
             shareholders;
          
          *  the subadviser has an arm's length relationship with the principal
             adviser (i.e., it is not affiliated, except that a wholly-owned subsidiary of
             the principal adviser can be replaced by another wholly-owned subsidiary);
     
          *  shareholders of the fund have authorized the fund to operate as a
             "manager of managers" fund; and
     
          *  within 90 days after hiring a new subadviser, the fund notifies
             shareholders of the change.
     
     A  manager  of managers fund would also be required to disclose  in  its
     prospectus   that  the  principal  adviser  can  retain  and   discharge
     subadvisers without shareholder approval, subject to board approval.
     
     Comments on the proposed rule amendments will be due by Jan. 8, 2004.
     
     The  Commission also voted to adopt amendments to Rule 10b-18 under  the
     Securities  Exchange Act of 1934.  Rule 10b-18 provides issuers  with  a
     safe  harbor  from  liability for manipulation if they repurchase  their
     common  stock  in the open market in accordance with the rule's  manner,
     time,  price,  and volume conditions.  The amendments  will  update  the
     rule's  provisions  to  reflect  market developments  since  the  rule's
     adoption including
     
        * easing the timing condition to allow issuers that meet an average daily
          trading volume and public float test to stay in the market longer and qualify
          for the safe harbor;
        
        * extending the safe harbor to certain after-hours repurchases;
     
        * amending the pricing condition to apply a uniform price limit for all
          issuers;
     
        * increasing the volume limitation to 100% of average daily trading volume
          following a market-wide suspension;
     
        * modifying the block exception to include block repurchases in applying
          the 25% average daily trading volume limitation, or alternatively, to
          purchase one block per week; and
     
        * stating the scope of safe harbor eligibility with respect to mergers,
          acquisitions and similar transactions.
     
     To  enhance the transparency of issuer repurchases, the Commission voted
     to adopt amendments to Regulations S-K and S-B, Exchange Act Forms 10-Q,
     10-K,  10-QSB, 10-KSB, 20-F, and Form N-CSR under the Exchange  Act  and
     Investment  Company Act of 1940 to require periodic  disclosure  of  all
     issuer  repurchases  of  equity securities, regardless  of  whether  the
     repurchases are effected in accordance with Rule 10b-18.  The amendments
     will  require issuers to disclose, among other things, the total  number
     of  shares repurchased, the average price paid per share, and the number
     of shares repurchased as part of a publicly announced plan or program.
     
     These  provisions  will be effective 30 days after  publication  in  the
     Federal Register.
     
     Finally, the Commission voted to propose new short sale regulation under
     Regulation SHO, which would modernize and replace Rules 3b-3, 10a-1, and
     10a-2  under  the  Exchange  Act.   Regulation  SHO  would  include  the
     following.
     
       *  A uniform short sale price test, Rule 201, applicable to exchange-listed
          and Nasdaq NMS securities, wherever traded, that would restrict all short
          sales to a price above the consolidated best bid
            o  Proposed Rule 201 would incorporate some exceptions in current Rule 10a-
               1, and include additional exceptions to address situations involving locked
               and crossed markets, short sales executed at a volume weighted average price,
               broker-dealer executions of customer "long" sales on a riskless principal
               basis, and short sales by broker-dealers to fill customer limit buy orders as
               required by the federal securities laws or rules of the self-regulatory
               organizations.
            
       *  A temporary Rule 202(T) that would suspend, on a two-year pilot basis,
          the operation of the proposed bid test of Rule 201 for a select group of
          liquid securities
       
       *  New "locate" and delivery requirements under proposed Rule 203 to
          address abusive    so-called naked short selling
            o  Rule 203 would incorporate provisions of the existing SRO "locate" rules
               into a uniform Commission rule applicable to all equity securities, wherever
               they are traded.
            o  Rule 203 would also impose additional requirements on securities that
               have a substantial amount of failures to deliver.
       
       *  Rule 200 of Regulation SHO, which would define the term "short sale" to
          allow multi-service broker-dealers to aggregate their positions by separate
          trading units; and modify the definition of ownership of a security to
          address security futures products and unconditional contracts to purchase
          securities
     
     The Commission also voted to
       
       *  propose amendments to Rule 105 of Regulation M (short selling prior to a
          public offering) to eliminate the shelf offering exception; and
       
       *  issue an interpretive release providing all market participants with
          guidance regarding the use of "married put" transactions when aggregating
          positions under current Rule 3b-3 for determining compliance with current
          Rule 10a-1 and Rule 105 of Regulation M.  A "married put" is the purchase of
          an option to sell (i.e., a put option) a certain number of securities at a
          particular price by a specified time, bought contemporaneously with the same
          number of underlying securities.
     
       The  Commission will solicit comment on the proposals for a period  of
       60 days following their publication in the Federal Register.
       
       The  full  text  of detailed releases concerning each of  these  items
       will  be posted to the SEC Web site as soon as possible.  (Press  Rel.
       2003-140)


     
RULES AND RELATED MATTERS

     
EXEMPTION FROM SHAREHOLDER APPROVAL FOR CERTAIN SUBADVISORY CONTRACTS
     
     The  Commission proposed for comment new rule 15a-5 under the Investment
     Company Act of 1940 and amendments to Form N-1A.
     
     The  amendments  would  allow  an  investment  adviser  to  serve  as  a
     subadviser to a "manager of managers" fund without shareholder  approval
     under  certain conditions.  Many funds have begun to operate as  manager
     of  managers funds, in which the principal investment adviser hires  and
     supervises  other investment advisers (i.e., subadvisers) to manage  the
     fund's investments.  The principal adviser changes subadvisers based  on
     their  performance,  much  as a fund's investment  adviser  changes  its
     portfolio manager employees based on their performance.  The ability  to
     hire  and  fire  subadvisers without the delay  of  a  shareholder  vote
     benefits shareholders by allowing the fund to quickly terminate a poorly
     performing subadviser and hire another.
     
     The  rule amendments the Commission is proposing would exempt funds from
     the shareholder vote requirement if:

     *  Hiring  the subadviser would not increase management fees paid  by
        shareholders;
     
     *  The subadviser has an arm's length relationship with the principal
        adviser (i.e., it is not affiliated, except that a wholly-owned subsidiary of
        the principal adviser can be replaced by another wholly-owned subsidiary);

     *  Shareholders of the fund have authorized the fund to operate as  a
        "manager of managers" fund; and

     *  Within  90  days after hiring a new subadviser, the fund  notifies
        shareholders of the change.

     A manager of managers fund also must disclose in its prospectus that the
     principal   adviser   can  retain  and  discharge  subadvisers   without
     shareholder approval, subject to board approval.

     Comments  on the proposed rule and amendments are due by Jan.  8,  2004.
     (Rels.  33-8312; 34-48683; IC-26230)


     
ENFORCEMENT PROCEEDINGS

     
INITIAL DECISION AS TO EDGAR ALACAN

     An  Administrative  Law  Judge has issued an Initial  Decision  imposing
     sanctions  on Edgar B. Alacan for violating the antifraud provisions  of
     the  federal  securities laws in Administrative Proceeding No.  3-10765,
     J.W.  Barclay  &  Co., Inc.  The Initial Decision finds that  Alacan,  a
     resident  of  Staten  Island,  New York,  failed  to  follow  customers'
     instructions  and  engaged in unauthorized trading, unsuitable  trading,
     and  churning from June 1997 through December 1998.  At the time of  the
     misconduct,  Alacan  was associated with J.W. Barclay  &  Co.,  Inc.,  a
     registered  broker  and  dealer.  The Initial  Decision  concludes  that
     Alacan  violated  Section 17(a) of the Securities Act of  1933,  Section
     10(b) of the Securities Exchange Act of 1934, and Exchange Act Rule 10b-
     5.   The  Initial Decision imposes a cease-and-desist order, bars Alacan
     from  associating with any broker or dealer, orders Alacan  to  disgorge
     $9,768.16  in  ill-gotten gains plus $4,645.77 in prejudgment  interest,
     and  assesses a civil penalty of $110,000.  (Initial Decision  No.  239;
     File No. 3-10765)

FORMER CAO OF VANTAGEMED CORPORATION, ANNE LONG, SUSPENDED FROM APPEARING  OR
PRACTICING  BEFORE  THE SEC FOR HER ROLE IN WITHHOLDING MATERIAL  INFORMATION
FROM AUDITORS

     On October 22, the Commission instituted, and simultaneously settled, an
     administrative  proceeding  against Anne H. Long  (Long),  former  Chief
     Accounting  Officer of VantageMed Corporation (VantageMed  or  Company).
     Without   admitting  or  denying  the  Commission's  allegations,   Long
     consented   to   the  entry  of  the  Order  Instituting  Administrative
     Proceedings  Pursuant  to  Rule  102(e) of  the  Commission's  Rules  of
     Practice,  Making  Findings,  and Imposing Remedial  Sanctions  (Order),
     suspending her from appearing or practicing before the Commission as  an
     accountant, with a right to request reinstatement after a period of  two
     years.
     
     The Order finds that Long, pursuant to a separately filed district court
     action, was permanently enjoined from violating Section 13(b)(5) of  the
     Securities  Exchange Act of 1934 and Rules 13b-1 and  13b2-2  thereunder
     and   from  aiding  and  abetting  violations  of  Sections  13(a)   and
     13(b)(2)(A)  of  the Exchange Act and Rules 12b-20 and 13a-13,  and  was
     ordered to pay $35,000 in civil penalties.
     
     The Commission's complaint in the separate district court action alleges
     that Long failed to disclose material information regarding VantageMed's
     sale  of  a  business  line  to VantageMed's independent  auditors  that
     resulted  in  inaccurate books and records, and  VantageMed's  filing  a
     materially false financial statement in the Company's Form 10-Q for  the
     quarter  ended  September 30, 2001.  The complaint alleged  that  Long's
     actions   materially  understated  VantageMed's  operating   costs   and
     expenses,  its  net  loss, and its diluted net loss per  share  for  the
     quarter  ended September 30, 2001 in a departure from generally accepted
     accounting  principles.   (Rel. 34-48679; AAE Rel.  1905;  File  No.  3-
     11306)

SEC  CHARGES INTERNET STOCK PROMOTERS AND PUBLIC COMPANIES WITH PARTICIPATING
IN UNREGISTERED DISTRIBUTIONS OF SECURITIES

     The Commission today instituted seven administrative proceedings against
     31  public  companies,  stock promoters, and related  individuals  in  a
     crackdown  on  unregistered  stock distribution  schemes.   The  actions
     challenged  a  common abuse in which small cap companies  hire  Internet
     stock  promoters, compensating them with supposedly "free trading" stock
     that  the  promoters sell after their promotion has pumped up the  stock
     price and trading volume.  Rather than registering the shares issued  to
     the  promoters, which would provide meaningful information to  investors
     and allow Commission review of the companies' disclosures, the companies
     named  in the actions found circuitous means of delivering stock to  the
     promoters  in  order to avoid registration.  As a result, the  promoters
     were  able  to  unload hundreds of thousands of shares of stock  on  the
     investing public without the disclosures and oversight provided  by  the
     federal registration provisions.
          
     Case 1:  Issuers Promoted on the EquityAlert.com Website
     
     The  Commission instituted administrative proceedings against Vancouver,
     British Columbia-based Internet stock promoter EquityAlert.com, Inc. and
     its  parent, Innotech Corporation, (collectively "Equity Alert"), Equity
     Alert's principals, Harmel S. Rayat ("Rayat") and Bhupinder ("Bill")  S.
     Mann  ("Mann"),  and  two  public  companies,  T&G2,  Inc.  ("T&G")  and
     Virilitec  Industries, Inc. ("Virilitec").  Each  of  these  respondents
     settled the proceedings without admitting or denying the findings in the
     Commission's Order.
     
     The  Commission's Order found that Equity Alert was hired  to  advertise
     T&G's  predecessor, International Mercantile Corporation ("International
     Mercantile"),  and  Virilitec to subscribers  of  Equity  Alert's  stock
     promotion  website.  Equity Alert was paid with stock of the  companies,
     given  to Equity Alert by persons directly or indirectly controlling  or
     controlled  by  the issuers, or under direct or indirect common  control
     with  the  issuers.  Then, after promoting the companies,  Equity  Alert
     improperly sold the stock on the open market for $171,370.
     
     According  to the Commission's Order, Equity Alert was hired to  promote
     International  Mercantile, the predecessor of T&G (now a  Bernardsville,
     New  Jersey  developer of fingerprint scanning technology and electronic
     gaming  devices),  in  exchange for $49,500 in cash and/or  unrestricted
     International Mercantile shares.  The individual who hired Equity  Alert
     was also entering into a merger agreement under which a company of which
     he was president would merge into International Mercantile, and he would
     assume  the  title  of president of the post-merger company,  T&G.   The
     individual  arranged  for  a private company he  controlled  to  provide
     Equity  Alert  with  a  convertible  note  that  was  exercisable   into
     International Mercantile stock.
     
     The  Commission's Order finds that Equity Alert e-mailed its subscribers
     a  news alert advertising International Mercantile as the newest of  the
     "red  hot"  biometric companies whose share prices had  risen  following
     September 11, 2001.  In the two days that followed the dissemination  of
     the e-mail, International Mercantile's stock price rose 31 percent, from
     $1.13  to  $1.48,  on  volume that was 16,000 percent  higher  than  the
     average  daily  trading  volume of the stock during  the  preceding  six
     months.  The day after Equity Alert sent the e-mail news alert, it  sold
     its International Mercantile stock for $132,500.
     
     The Commission's Order also finds that Equity Alert was hired to promote
     another small cap company, Virilitec, a Brooklyn, New York developer  of
     nutritional supplements purportedly designed to enhance human male sperm
     count  and  sexual virility.  The husband of Virilitec's  president  and
     chairperson  hired  Equity Alert and arranged for a long-time  Virilitec
     shareholder to transfer 40,000 Virilitec shares to Equity Alert.   After
     Equity Alert disseminated a promotional e-mail regarding Virilitec,  the
     average  daily trading volume of Virilitec stock was over 3,000  percent
     higher than that of the preceding six months.  In the days following the
     Virilitec promotional campaign, Equity Alert began selling the Virilitec
     shares, ultimately grossing $38,870.
     
     According   to  the  Commission's  Order,  Equity  Alert  obtained   the
     International Mercantile and Virilitec stock with a view to distributing
     the  stock to the public from persons directly or indirectly controlling
     or controlled by the issuers, or under direct or indirect common control
     with  the issuers.  Therefore, the stock was restricted and Equity Alert
     was  prevented from selling the stock to the public for one  year.   The
     transactions  violated  the  registration  provisions  of  the   federal
     securities laws, which prohibit the offer or sale of securities unless a
     registration  statement  has been filed with the  Commission  or  is  in
     effect as to the securities.
     
     The  Commission's  Order  found  that  EquityAlert.com,  Inc.,  Innotech
     Corporation, Mann, Rayat, T&G, and Virilitec violated Sections 5(a)  and
     5(c) of the Securities Act of 1933, and ordered them to cease and desist
     from  committing or causing any violations and any future violations  of
     those  provisions.  The Commission's Order also ordered EquityAlert.com,
     Inc. and Innotech Corporation to disgorge $31,555.14, waiving payment of
     the remainder of its improper trading proceeds, based on the now-defunct
     entities' demonstration of its inability to make full payment.
     
     Case  2:   Touting by Stock Promoters SmallCap Solutions, Inc., Research
     Investment Group, Inc., and IR Specialists, Inc.
     
     The  Commission  instituted administrative proceedings against  Research
     Capital,  LLC  ("Research Capital"), a Florida venture capital  company,
     and  its  principals, Craig L. Smith, III ("Smith") and  R.  Craig  Hall
     ("Hall"),  and Internet stock promoter Wayne H. Jenkins ("Jenkins")  and
     his company, IR Specialists, Inc. ("IR Specialists), all of whom settled
     the  proceedings  without  admitting or  denying  the  findings  in  the
     Commission's   Order.    The   Commission   also   instituted    related
     administrative  proceedings naming alleged  stock  promoters,  Tyler  T.
     Fleming  ("Fleming"),  SmallCap Solutions, Inc. ("SmallCap  Solutions"),
     Complete  Financial  And Operations, LLC ("Complete  Financial"),  Scott
     H. Wilding ("Wilding"), and Research Investment Group, Inc. ("RIG").
     
     According  to  the  Commission's Orders, Research  Capital  hired  stock
     promoters  to  tout a small cap issuer with which Research  Capital  was
     affiliated.   Research  Capital and its principals,  Smith,  of  Osprey,
     Florida, and Hall, of Sarasota, Florida, owned approximately 18% of  the
     issuer's  outstanding shares, and had agreed to provide the issuer  with
     $1  million  in working capital.  Research Capital hired stock  promoter
     Wilding of Pembroke Pines, Florida, and his company, RIG, to promote the
     issuer on the Internet.  In exchange, RIG received an option to purchase
     up to 4 million of the issuer's shares at one-third of the market price.
     Smith and Hall transferred 3,300,000 shares to Wilding pursuant to  this
     option.
     
     The  Commission's Orders allege that RIG subcontracted  with  two  other
     stock  promoters.  The first, Fleming, a Las Vegas resident who promoted
     small  cap  companies through two corporate entities he heads,  SmallCap
     Solutions  and  Complete Financial.  The second  promoter,  Jenkins,  of
     Hope, Rhode Island, promoted small cap companies through his company, IR
     Specialists.  Fleming and Jenkins were paid with stock transferred  from
     Smith.
     
     The  Commission's  Orders  further allege that  Fleming's  and  Jenkins'
     promotional  campaigns coincided with several days of increased  trading
     volume  in the issuers stock, some days as much as 600% higher than  the
     stock's historical trading volume.  After the start of the campaign, the
     three stock promoters, Wilding, Fleming, and Jenkins sold the stock they
     received for over $130,000.
     
     According  to  the  Commission's Orders, Wilding, Fleming,  and  Jenkins
     obtained  the issuer's shares with a view to distributing the  stock  to
     the   public,  from  persons  directly  or  indirectly  controlling   or
     controlled  by  the issuer, or under direct or indirect  common  control
     with the issuer.  Therefore, the stock was not exempt from registration,
     and the transactions violated the registration provisions of the federal
     securities laws, which prohibit the offer or sale of securities unless a
     registration  statement  has been filed with the  Commission  or  is  in
     effect as to the securities.
     
     According  to  one  of the Commission's Orders, SmallCap  Solutions  and
     Fleming were hired by another publicly traded company to promote  it  in
     exchange for 30,000 of its unrestricted shares.  The company's president
     directed  a shareholder to transfer 30,000 shares to SmallCap  Solutions
     to  pay for the promotion.  The company reimbursed the shareholder  with
     60,000  restricted  shares of the company.  Three  days  after  SmallCap
     Solutions  first touted the company on its website, the company's  stock
     price  rose  18 percent, from $1.0625 to $1.25, on volume that  was  255
     percent  higher  than the stock's historical average  volume.   SmallCap
     Solutions should the shares it received for $15,955.
     
     The  Commission's  Order  alleges that SmallCap Solutions  obtained  the
     shares  with  a  view to distributing them to the public from  a  person
     directly or indirectly controlling or controlled by the issuer, or under
     direct  or  indirect common control with the issuer.  As a  result,  the
     shares were restricted and could not be sold to the public within a year
     after  they  were  acquired  by  SmallCap Solutions.   The  transactions
     constituted an illegal distribution of securities.
     
     One of the Commission's Orders finds that Research Capital, Smith, Hall,
     IR  Specialists,  and Jenkins violated Sections 5(a)  and  5(c)  of  the
     Securities  Act, and orders them to cease and desist from committing  or
     causing  any  violations and any future violations of those  provisions.
     The  Order also orders Jenkins and IR Specialists to disgorge $6,337.22,
     representing  the  amount they made from the illegal  stock  sales  plus
     prejudgment interest.
     
     The  other  Order of the Commission alleges that RIG, Wilding,  Fleming,
     SmallCap  Solutions, and Complete Financial violated Sections  5(a)  and
     5(c)  of  the  Securities Act.  A hearing will be  scheduled  before  an
     administrative  law  judge to determine whether the allegations  in  the
     Order  are  true  and,  if so, whether RIG, Wilding,  Fleming,  SmallCap
     Solutions, and Complete Financial should be ordered to cease and  desist
     from  committing or causing any violations and any future violations  of
     Sections 5(a) and 5(c) of the Securities Act, and whether they should be
     ordered to disgorge the proceeds of their conduct.
     
     Case 3:  Promoters That Touted First Capital International, Inc.
     
     The   Commission   instituted  another  set  of  related  administrative
     proceedings,  one  proceeding  against a Houston-based  public  company,
     First  Capital  International, Inc. ("First  Capital"),  its  president,
     Alexander Genin ("Genin"), and a former stock promoter, Edwin M.  Koziol
     ("Koziol").   Each  of these respondents settled the proceeding  without
     admitting or denying the findings in the Order.  In the related  matter,
     the  Commission  instituted proceedings against  OTC  Live,  Inc.  ("OTC
     Live") and Mark A. Suleymanov ("Suleymanov").
     
     According  to  the Commission's Orders, Genin hired a now-defunct  stock
     promotion  company  (of  which  Orlando,  Florida  resident  Koziol  was
     president) and another promoter, OTC Live, based in Rego Park, New York,
     to promote First Capital on the Internet.  To pay these promoters, Genin
     transferred  to  them  a  total of 64,500 First Capital  shares  from  a
     brokerage account over which he held power of attorney.
     
     The  Commission's  Orders  allege that OTC  Live  (whose  president  and
     founder,  Suleymanov,  also  uses  the  surname  "Suleman")  began   its
     promotional  campaign  by  posting a research report  recommending  that
     investors purchase First Capital stock.  In the four days that followed,
     First  Capital's stock price rose 92 percent, from $0.13  to  $0.25  per
     shares.   OTC  Live  later  sold the stock it had  received  from  First
     Capital's  president, Genin, for $3,285.  About a month later,  Koziol's
     company  began its First Capital promotion.  Koziol's company then  sold
     the  stock  it  had received from Genin.  Koziol received  approximately
     $3,300 as a result.
     
     One  of the Commission's Order finds that Koziol's company obtained  the
     First  Capital stock with a view to distributing the stock to the public
     from  a person directly or indirectly controlling or controlled by First
     Capital,  or under direct or indirect common control with First Capital.
     Therefore, the stock was restricted and could not be sold to the  public
     for  one year.  The Commission's Order found that First Capital,  Genin,
     and  Koziol  violated Sections 5(a) and 5(c) of the Securities  Act  and
     orders  them  to  cease  and  desist  from  committing  or  causing  any
     violations  and  any future violations of those provisions.   The  Order
     also  orders  Koziol to disgorge $3,692.85, representing the  amount  he
     made from the illegal stock sales plus prejudgment interest.
     
     The  other  Order of the Commission alleges that OTC Live and Suleymanov
     also  violated Sections 5(a) and 5(c) of the Securities Act.  A  hearing
     will  be  scheduled  before an administrative  law  judge  to  determine
     whether  the  allegations in the Order are true and, if so, whether  OTC
     Live  and  Suleymanov  should  be  ordered  to  cease  and  desist  from
     committing  or  causing  any violations and  any  future  violations  of
     Sections 5(a) and 5(c) of the Securities Act, and whether they should be
     ordered to disgorge the proceeds of their conduct.
     
     Case  4:   Companies Touted by MicroCap Marketing, Inc.,  Lorsin,  Inc.,
     Russell Management, Inc. and Harold Engel, Jr.
     
     Finally,  the  Commission  instituted two  more  related  administrative
     proceedings,  one  proceeding  against two  publicly  traded  companies,
     Energy  &  Engine Technology Corporation ("Energy & Engine")  of  Plano,
     Texas and Houston-based ProActive Computer Services, Inc. ("ProActive").
     Both  of  these respondents settled the proceeding without admitting  or
     denying  the findings in the Commission's Order.  In the related matter,
     the  Commission instituted proceedings against Lorsin, Inc., Loretta  M.
     Lockhart  ("Lockhart"),  Craig  K.  Hjalmarson  ("Hjalmarson"),  Russell
     Management,   Inc.   ("Russell   Management"),   George   R.    Siembida
     ("Siembida"),  Harold  Engel, Jr. ("Engel").  MicroCap  Marketing,  Inc.
     ("MicroCap Marketing"), and Shane M. Nelson ("Nelson").
     
     According to the Commission's Orders, Energy & Engine, which maintains a
     natural  gas gathering system, hired former stock promoter Siembida,  of
     Depew,  New York, and his company, Russell Management, to promote Energy
     &  Engine on the Internet.  Energy & Engine paid Siembida in stock  that
     was improperly registered pursuant to a Form S-8 Registration Statement.
     (Form S-8 registration is not available for stock issued as compensation
     for  stock promotion services.)  Siembida subcontracted with Engel,  who
     operates  a  small  cap  stock  promotion website,  WillyWizard.com,  to
     promote Energy & Engine.  To compensate Engel, Siembida transferred some
     of the shares he received from Energy & Engine to Engel.
     
     The  Commission's Orders allege that Engel, in turn, subcontracted  with
     two  other promoters, Hjalmarson and Nelson, to profile Energy &  Engine
     on  the  Internet.   Hjalmarson, of Kill Devil  Hills,  North  Carolina,
     operates a website, GreedOrFear.com, through a corporation named Lorsin,
     which  is  headed  by Lockhart, also of Kill Devil  Hills.   Nelson,  of
     Bethany,  Illinois, heads MicroCap Marketing, which promotes  small  cap
     companies  on  the Internet.  Engel paid Hjalmarson and  Nelson  with  a
     portion of the Energy & Engine shares he received from Siembida.
     
     The  Commission's  Orders further allege that Engel  and  Nelson  touted
     Energy  &  Engine  on  their websites, and that  Hjalmarson  distributed
     Energy  &  Engine  press  releases over  the  Internet.   The  promotion
     coincided  with  a  68 percent rise in the price of  Energy  &  Engine's
     stock,  from $0.29 to $0.49 per share, and average daily trading  volume
     that  was  over  600% higher that the stock's historical  daily  volume.
     Siembida,  Engel, Hjalmarson, and Nelson sold the stock  that  they  had
     received for a combined total of over $14,000.
     
     According  to  the Commission's Orders, Siembida obtained the  Energy  &
     Engine  shares  in an unregistered offering with a view to  distributing
     the stock to the public, making him an underwriter in a distribution  of
     Energy & Engine stock.  By participating in this distribution, Energy  &
     Engine,   Russell  Management,  Siembida,  Engel,  Lorsin,   Hjalmarson,
     Lockhart, MicroCap Marketing, and Nelson violated Sections 5(a) and 5(c)
     of the Securities Act.
     
     The  Commission's Orders also allege that Nelson and MicroCap  Marketing
     participated  in a second illegal stock distribution with another  small
     cap  issuer, ProActive.  ProActive, a computer services provider,  hired
     Nelson  and  MicroCap Marketing to promote ProActive in exchange  for  a
     combination of restricted and purportedly unrestricted ProActive shares.
     ProActive  arranged  for a third-party shareholder to  transfer  300,000
     ProActive shares to Nelson's brokerage account.  Nelson posted ProActive
     profiles  on  his  websites  and  touted  ProActive  in  his  electronic
     newsletter.  Nelson sold the ProActive shares he received from the third-
     party shortly after receiving them for $1,340.50.
     
     The Commission's Orders allege that Nelson obtained the ProActive shares
     with a view to distributing them to the public from a person directly or
     indirectly  controlling or controlled by ProActive, or under  direct  or
     indirect  common  control  with ProActive.   Therefore,  the  stock  was
     restricted and could not be sold to the public for one year.
     
     In   the   proceeding  against  Lorsin,  Lockhart,  Hjalmarson,  Russell
     Management,  Siembida,  Engel,  MicroCap  Marketing,  and  Nelson,   the
     Commission's Order alleges that another issuer, whose stock  was  traded
     on  the  OTC Bulletin Board, hired Lorsin to promote it on the Internet.
     To  pay  for  the  promotion, the issuer directed  two  shareholders  to
     transfer  a  total  of  30,000 of its shares to Lorsin.   Following  the
     launch  of Lorsin's promotional campaign, Lorsin sold a portion  of  the
     stock  it  had  received from the issuer for $1,249.  According  to  the
     allegations  in  the  Commission's Order, Lorsin obtained  the  issuer's
     shares  with  a  view to distributing them to the public from  a  person
     directly or indirectly controlling or controlled by the issuer, or under
     direct or indirect common control with the issuer.  Therefore, the stock
     was restricted and could not be sold to the public for one year.
     
     One  of the Commission's Orders finds that Energy & Engine and ProActive
     violated Sections 5(a) and 5(c) of the Securities Act and orders them to
     cease  and  desist  from committing or causing any  violations  and  any
     future violations of those provisions.
     
     The  other  Order  of  the  Commission alleges  that  Lorsin,  Lockhart,
     Hjalmarson, Russell Management, Siembida, Engel, MicroCap Marketing, and
     Nelson violated Sections 5(a) and 5(c) of the Securities Act.  A hearing
     will  be  scheduled  before an administrative  law  judge  to  determine
     whether  the  allegations  in the Order are true  and,  if  so,  whether
     Lorsin,  Lockhart,  Hjalmarson,  Russell  Management,  Siembida,  Engel,
     MicroCap  Marketing, and Nelson should be ordered to  cease  and  desist
     from  committing or causing any violations and any future violations  of
     Sections 5(a) and 5(c) of the Securities Act, and whether they should be
     ordered  to disgorge the proceeds of their conduct. (Rel. 33-8311,  File
     No.  3-11313  -  Energy  & Engine Technology Corporation  and  ProActive
     Computer  Services; Rel. 33-8309, File No. 3-11311 -  Research  Capital,
     LLC,  Carl L. Smith, III, Richard Craig Hall, IR Specialists,  Inc.  and
     Wayne H. Jenkins;  File No. 3-11310 - Lorsin, Inc., Loretta M. Lockhart,
     Craig  K.  Hjalmarson,  Russell Management, Inc.,  George  R.  Siembida,
     Harold  Engel, Jr., MicroCap Marketing, Inc. and Shane M. Nelson;   File
     No.  3-11309 - OTC Live, Inc. and Mark A. Suleymanov; Rel. 33-8306, File
     No. 3-11308 - EquityAlert.com, Inc., Innotech Corporation, Bhupinder  S.
     Mann,  Harmel  S.  Rayat, T & G2, Inc. and Virilitec  Industries,  Inc.;
     Rel.  33-8310,  File  No. 3-11312 - First Capital  International,  Inc.,
     Alexander  Genin and Edwin M. Koziol; Rel. 33-8305; File No.  3-11307  -
     SmallCap Solutions, Inc., Complete Financial And Operations, LLC,  Tyler
     T. Fleming, Research Investment Group, Inc., and Scott H. Wilding.

SEC  PERMANENTLY SUSPENDS FORMER SENIOR EXECUTIVE OF SOLUCORP INDUSTRIES LTD.
FROM APPEARING OR PRACTICING BEFORE THE COMMISSION AS AN ACCOUNTANT

     On  October  23,  the  Commission issued a settled administrative  order
     pursuant  to  Rule  102(e)  of its Rules of  Practice  that  permanently
     suspends  Victor  Herman, CPA, from appearing or practicing  before  the
     Commission as an accountant.  The Order is based on the findings of  the
     U.S.  District Court for the Southern District of New York in an opinion
     and  order  entered  in a related civil action on July  28,  2003,  that
     Herman  violated  the antifraud, books-and-records and internal  control
     provisions  of  the  federal securities laws.   Herman  committed  these
     violations  in his capacity as chief financial officer of the  principal
     operating  subsidiaries  of Solucorp Industries Ltd.,  an  environmental
     remediation  firm based in New York, and as the preparer  of  Solucorp's
     consolidated financial statements.  Specifically, the Court  found  that
     Herman  had  violated Section 17(a) of the Securities Act  of  1933  and
     Sections 10(b) and 13(b)(5) of the Securities Exchange Act of 1934,  and
     Rules  10b-5  and  13b2-1  thereunder, by making  materially  false  and
     misleading  statements in 1996 regulatory filings regarding a  purported
     $50  million  contract  issued to Solucorp, and  materially  overstating
     revenues  in filings with the Commission in 1997 and 1998 by  improperly
     recognizing revenue based on a backdated licensing agreement.  See  Lit.
     Rel.  18306  (Aug.  25, 2003).  Herman consented to  the  entry  of  the
     administrative order.  (Rel. 34-48682; AAE Rel. 1906; File No. 3-11314)
     
COMMISSION  IMPOSES  PENNY STOCK BAR ON ROBERT WEEKS AND  IMPOSES  ADDITIONAL
SANCTIONS  FOR  VIOLATIONS OF REGISTRATION, ANTIFRAUD, AND RECORDKEEPING  AND
REPORTING PROVISIONS

     The Commission has imposed sanctions on Robert G. Weeks for violation of
     the  securities registration, antifraud, and reporting and recordkeeping
     provisions  of the federal securities laws.  The Commission  found  that
     Robert  Weeks, acting with others, controlled the operations of  Dynamic
     American  Corporation  (DACO), a mining concern and  used  it  to  issue
     millions  of  shares of unregistered stock to offshore  entities  Robert
     Weeks  and  his associates controlled.  The shares were then  sold  back
     into the United States market and Robert Weeks and his associates shared
     the proceeds.  Robert Weeks supported this stock parking scheme with  an
     essentially  fraudulent marketing campaign aimed at  the  United  States
     market.  In addition, Robert Weeks caused DACO to file untimely,  false,
     and misleading reports with the Commission.

     The  Commission found that it is in the public interest to order  Robert
     Weeks  to cease and desist from committing or causing any violations  or
     future  violations of the provisions the Commission found  him  to  have
     violated  and ordered Robert Weeks to disgorge $171,500 plus prejudgment
     interest,  as  well as an additional $16,294 jointly and severally  with
     one  of his associates.  The Commission also ordered Robert Weeks to pay
     a  civil money penalty of $200,000.  In addition, the Commission  barred
     Robert  Weeks from participating in any offering of penny stock.  (Rels.
     33-8313; 34-48684; File No. 3-9952)

SEC  CHARGES  FORMER TOP WASTE MANAGEMENT, INC. OFFICERS, RODNEY PROTO,  EARL
DEFRATES,  AND BRUCE SNYDER, JR., WITH FRAUD; PROTO AND DEFRATES  CONSENT  TO
ANTIFRAUD  INJUNCTION, OFFICER AND DIRECTOR BARS AND TO PAY $4.2 MILLION  FOR
INSIDER TRADING AND FOR MAKING MATERIALLY FALSE OR MISLEADING STATEMENTS

     On October 22, the Commission filed a settled civil injunctive action in
     the  U.S. District Court for the Southern District of Texas against  two
     former  Waste  Management, Inc. (WMI) officers, Rodney R. Proto  (Proto)
     and  Earl  E.  DeFrates (DeFrates).  The Commission's complaint  charges
     Proto  and  DeFrates with insider trading in WMI stock, and with  making
     public  statements  to  Wall Street analysts,  investment  bankers,  and
     investors,  while  employed by the company in May and June  1999,  which
     they  knew,  or were reckless in not knowing, were materially  false  or
     misleading.   At  the time of their actions, Proto was WMI's  President,
     Chief Operating Officer, and a member of the WMI Board of Directors, and
     DeFrates was WMI's Chief Financial Officer.
     The Commission also filed a separate civil injunctive action in the U.S.
     District  Court for the Southern District of Texas against WMI's  former
     Chief   Accounting  Officer,  Bruce  E.  Snyder,  Jr.   (Snyder).    The
     Commission's complaint against Snyder, which is not settled, charges him
     with  insider trading in WMI stock and preparing, reviewing, and signing
     a  materially  false  or misleading Form 10-Q that WMI  filed  with  the
     Commission  for the first quarter of its fiscal year ended December  31,
     1999.

     Proto and DeFrates, without admitting or denying the allegations in  the
     Commission's Complaint, each consented to an order permanently enjoining
     him  from violating Section 17(a) of the Securities Act of 1933, Section
     10(b)  of  the  Securities  Exchange Act of  1934  (Exchange  Act),  and
     Exchange  Act Rule 10b-5.  In addition, Proto and DeFrates consented  to
     an  order barring each of them, respectively, from serving as an officer
     or director of a public company for a period of five years.
     
     Proto  has  consented  to  pay  a  total  of  $3,721,177.   This  amount
     represents:   (1)  $1,503,670 in disgorgement  of  his  illegal  insider
     trading  losses  avoided, plus prejudgment interest of $513,837;  (2)  a
     civil  penalty  equal to his illegal insider trading losses  avoided  of
     $1,503,670; and (3) a $200,000 civil penalty for making materially false
     or misleading statements regarding WMI's first quarter 1999 earnings and
     WMI's  ability  to  meet its previously announced  second  quarter  1999
     earnings  guidance.  DeFrates has consented to pay a total of  $482,779.
     This  amount  represents:  (1) $121,217 in disgorgement of  his  illegal
     insider  trading losses avoided, plus prejudgment interest  of  $40,345;
     (2)  a civil penalty equal to his losses avoided of $121,217; and (3)  a
     $200,000  civil  penalty  for  making  materially  false  or  misleading
     statements regarding WMI's first quarter 1999 earnings and WMI's ability
     to meet its previously announced second quarter 1999 earnings guidance.

     The  Commission's complaint against Snyder seeks an order enjoining  him
     from  further violations of Section 17(a) of the Securities Act, Section
     10(b)  of the Exchange Act, and Exchange Act Rule 10b-5, and from aiding
     and  abetting  violations  of Section 13(a)  of  the  Exchange  Act  and
     Exchange  Act  Rules 12b-20 and 13a-13.  The Commission  also  seeks  an
     order  barring him from serving as an officer or director  of  a  public
     company.   The  Commission's  complaint further  seeks  disgorgement  of
     Snyder's  illegal  insider  trading  losses  avoided,  plus  prejudgment
     interest, and civil penalties for insider trading and for the fraudulent
     financial  reporting.   [SEC v. Rodney R. Proto and  Earl  E.  DeFrates,
     Civil Action No. 03CV4659, Kenneth Hoyt, USDC SDTX] and [SEC v. Bruce E.
     Snyder,  Jr., Civil Action No. 03CV4658, Ewing Werlein, Jr., USDC  SDTX]
     (LR-18422; AAE Rel. 1904)
     

     
INVESTMENT COMPANY ACT RELEASES     

     
ORDERS OF DEREGISTRATION UNDER THE INVESTMENT COMPANY ACT

Orders  have  been  issued under Section 8(f) of the Investment  Company  Act
declaring that each of the following has ceased to be an investment company:

            Credit Suisse Municipal Bond Fund, Inc.
          [File No. 811-8923]
               (Rel. IC-26210- October 22, 2003)
            Prudential International Bond Fund, Inc.
     [File No. 811-5123]
               (Rel. IC-26211- October 22, 2003)
     Morgan Stanley Africa Investment Fund, Inc.
          [File No. 811-8218]
               (Rel. IC-26212- October 22, 2003)
     Mercury Global Holdings, Inc.
          [File No. 811-4351]
               (Rel. IC-26213-October 22, 2003)
     Camelot Funds
          [File No. 811-3139]
               (Rel. IC-26214- October 22, 2003)
     Prudential Intermediate Global Income Fund, Inc.
          [File No. 811-5510]
               (Rel. IC-26215- October 22, 2003)
            Prudential Global Limited Maturity Fund, Inc.
     [File No. 811-6048]
               (Rel. IC-26216- October 22, 2003)
     Prudential Balanced Fund
          [File No. 811-5055]
               (Rel. IC-26217- October 22, 2003)

GENERAL AMERICAN CAPITAL COMPANY

     An  order  has been issued under Section 8(f) of the Investment  Company
     Act declaring that General American Capital Company has ceased to be  an
     investment company.  (Rel. IC-26228 - October 22)

MERRILL LYNCH LIFE INSURANCE COMPANY, ET AL.

     A  notice has been issued giving interested persons until Nov. 12, 2003,
     to  request  a  hearing on an Application filed by  Merrill  Lynch  Life
     Insurance  Company  (MLLIC),  et al.  Applicants  seek  an  order  under
     Section 26(c) of the Investment Company Act to permit certain registered
     unit investment trusts to substitute shares of certain portfolios of the
     MLIG Trust (the Replacement Portfolios) for shares of certain portfolios
     of   the   AllianceBernstein  Variable  Products   Series   Fund,   Inc.
     (AllianceBernstein Fund), the Delaware VIP Trust (Delaware  Trust),  and
     the  MFS  Variable Insurance Trust (MFS Trust) currently held  by  those
     unit  investment  trusts.   Applicants also  request  an  order  of  the
     Commission  pursuant  to Section 17(b) of the Act  exempting  them  from
     Section 17(a) of the Act to the extent necessary to permit MLLIC and  ML
     Life  Insurance  Company  of  New York to  carry  out  substitutions  by
     redeeming  shares issued by AllianceBernstein Fund, Delaware Trust,  and
     MFS  Trust  in-kind and using the proceeds to purchase shares issued  by
     MLIG Trust.  (Rel. IC-26229 - October 22)


     
SELF-REGULATORY ORGANIZATIONS     

     
ACCELERATED APPROVAL OF PROPOSED RULE CHANGES

     The  Commission granted accelerated approval to a proposed  rule  change
     (SR-PCX-2003-41), and Amendment No. 1 thereto, submitted by the  Pacific
     Exchange relating to fixed income ETFs.  Publication of the proposal  is
     expected in the Federal Register during the week of October 27.    (Rel.
     34-48662)


     The  Commission granted accelerated approval to a proposed  rule  change
     (SR-NASD-2003-155) submitted by the National Association  of  Securities
     Dealers relating to the Listing and Trading of Accelerated Return  Notes
     Linked to the S&P 500 Index.  Publication of the proposal is expected in
     the Federal Register during the week of October 27.   (Rel. 34-48677)

PROPOSED RULE CHANGES

     The  New York Stock Exchange filed a proposed rule change (SR-NYSE-2002-
     40) to establish two new "crossing sessions" in the Exchange's Off-Hours
     Trading  Facility.   Publication of the  proposal  is  expected  in  the
     Federal Register during the week of October 27.   (Rel. 34-48659)

     The  Boston Stock Exchange filed a proposed rule change (SR-BSE-2003-07)
     to  amend  its listed securities requirements relating to the  mandatory
     establishment  of independent audit committees for all  listed  issuers.
     Publication  of the proposal is expected in the Federal Register  during
     the week of October 27.   (Rel. 34-48668)

     The  National Association of Securities Dealers, through its subsidiary,
     The Nasdaq Stock Market, Inc., has filed a proposed rule change (SR-NASD-
     2003-135),  and  Amendment   No. 1 thereto, to  aggregate  odd-lots  for
     display in SuperMontage under certain circumstances.  Publication of the
     proposal is expected in the Federal Register during the week of  October
     27.   (Rel. 34-48671)

     The Chicago Board Options Exchange filed a proposed rule change (SR-CBOE-
     2003-07), and Amendment No. 1 thereto, to allow certain ratio orders  to
     be  executed through the CBOE.  Publication of the proposal is  expected
     in the Federal Register during the week of October 27.   (Rel. 34-48672)
     
     The  National Association of Securities Dealers, through its subsidiary,
     the Nasdaq Stock Market, Inc., has filed a proposed rule change (SR-NASD-
     2003-143), and Amendment Nos. 1 and 2 thereto, to establish an "Auto-Ex"
     order  in Nasdaq's SuperMontage System.  Publication of the proposal  is
     expected in the Federal Register during the week of October 27.    (Rel.
     34-48675)

     The  National Association of Securities Dealers, through its subsidiary,
     The  Nasdaq  Stock Market, Inc., filed a proposed rule change  (SR-NASD-
     2003-149)  relating to SuperMontage and ITS Securities.  Publication  of
     the  proposal  is expected in the Federal Register during  the  week  of
     October 27.   (Rel. 34-48674)

IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES

     A proposed rule change (SR-PCX-2003-53) filed by the Pacific Exchange to
     exempt  ETP  Holders and Sponsoring ETP holders from the  administrative
     late charges related to transaction fees by the Archipelago Exchange 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 October 27.   (Rel. 34-48664)

APPROVAL OF PROPOSED RULE CHANGE

     The  Commission approved a proposed rule change (SR-GSCC-2002-04)  filed
     by  the  Government Securities Clearing Corporation that allows GSCC  to
     institute informal hearing procedures for fine disputes.  Publication of
     the  proposal  is expected in the Federal Register during  the  week  of
     October 27.   (Rel. 34-48678)
     

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>.



SB-2    LAM PHARMACEUTICAL CORP, 800 SHEPPARD AVENUE WEST, TORONTO, A6, 00000,
        4166333004 - 0 ($2,094,982.00) Equity, (File 333-109868 - Oct. 22)
        (BR. 01)

S-8     CENTEX CORP, 2728 N HARWOOD, -, DALLAS, TX, 75201, 214-981-5000 -
        0 ($22,277,500.00) Equity, (File 333-109869 - Oct. 22) (BR. 06)

S-8     SOUTHBORROUGH VENTURES INC, 1250 SATURNA DRIVE, PARKSVILLE, A1, 00000,
        8,000,000 ($1,540,000.00) Equity, (File 333-109870 - Oct. 22) (BR. 36)

S-3     ENERGY PARTNERS LTD, 201 ST CHARLES AVENUE, NEW ORLEANS, LA, 70170,
        5045691875 - 4,544,572 ($54,671,201.00) Equity, (File 333-109871 -
        Oct. 22) (BR. 04)

S-3     DENDREON CORP, 3005 FIRST AVENUE, SEATTLE, WA, 98121, 206254545 -
        363,265 ($3,169,487.00) Equity, (File 333-109872 - Oct. 22) (BR. 01)

S-3     DENDREON CORP, 3005 FIRST AVENUE, SEATTLE, WA, 98121, 206254545 -
        0 ($125,000,000.00) Equity, (File 333-109873 - Oct. 22) (BR. 01)

S-8     RETALIX LTD, 33 BEN GURION STREET, HERZILA 46100 ISRAEL, L3, 00000,
        800,000 ($14,086,728.30) Equity, (File 333-109874 - Oct. 22) (BR. 03)

S-8     MEDAMICUS INC, 15301 HGHWY 55 W, PLYMOUTH, MN, 55447, 7635592613 -
        0 ($5,670,000.00) Equity, (File 333-109875 - Oct. 22) (BR. 36)

F-3     WORLD HEART CORP, 1 LASER STREET, OTTAWA, ONTARIO CANADA, A6, K2E 7V1,
        6132374278 - 81,781,451 ($89,959,596.10) Equity, (File 333-109876 -
        Oct. 22) (BR. 36)

S-8     ICN PHARMACEUTICALS INC, 3300 HYLAND AVE, COSTA MESA, CA, 92626,
        7145450100 - 0 ($112,700,000.00) Equity, (File 333-109877 - Oct. 22)
        (BR. 01)

S-8     PSB HOLDINGS INC /WI/, 1905 WEST STEWART AVE, WAUSAU, WI, 54401,
        7158422191 - 25,000 ($837,500.00) Equity, (File 333-109878 - Oct. 22)
        (BR. 07)

S-8     ICN PHARMACEUTICALS INC, 3300 HYLAND AVE, COSTA MESA, CA, 92626,
        7145450100 - 0 ($123,110,000.00) Equity, (File 333-109879 - Oct. 22)
        (BR. 01)

S-3     HOST AMERICA CORP, 2 BROADWAY, HAMDEN, CT, 06518, 2032484100 -
        450,412 ($3,441,147.68) Equity, (File 333-109880 - Oct. 22) (BR. 02)

S-4     PUMATECH INC, 2550 N FIRST ST, STE 500, SAN JOSE, CA, 95131,
        4083217650 - 0 ($33,569,782.00) Equity, (File 333-109881 - Oct. 22)
        (BR. 03)

S-8     VERMONT PURE HOLDINGS LTD/DE, RT 66 P O BOX C,
        CAAMOUNT INDUSTRIAL PARK, RANDOLPH, VT, 05060, 8027283600 -
        0 ($1,765,000.00) Equity, (File 333-109882 - Oct. 22) (BR. 04)

S-8     YOCREAM INTERNATIONAL INC, 5858 NE 87TH AVE, 5858 NE 87TH AVE,
        PORTLAND, OR, 97220, 5032563754 - 200,000 ($1,080,000.00) Equity,
        (File 333-109883 - Oct. 22) (BR. 04)

S-3     MENTOR GRAPHICS CORP, 8005 SW BOECKMAN RD, WILSONVILLE, OR, 97070-7777,
        5036857000 - 0 ($110,000,000.00) Debt Convertible into Equity,
        (File 333-109885 - Oct. 22) (BR. 03)

S-8     SAFETY COMPONENTS INTERNATIONAL INC, 29 STEVENS STREET, GREENVILLE, SC,
        29605, 2015920008 - 0 ($13,050,000.00) Equity, (File 333-109886 -
        Oct. 22) (BR. 05)

S-3     PRO PHARMACEUTICALS INC, 189 WELLS ST, STE 200, NEWTON, MA, 02459,
        6175590033 - 2,037,593 ($9,046,912.92) Equity, (File 333-109887 -
        Oct. 22) (BR. 01)

S-3     AQUACELL TECHNOLOGIES INC, 10410 TRADEMARK ST, RANCHO CUCAMONGA, CA,
        91730, 9099870456 - 8,867,006 ($22,634,040.00) Equity,
        (File 333-109888 - Oct. 22) (BR. 06)

S-8     LANDEC CORP \CA\, 3603 HAVEN AVE, MENLO PARK, CA, 94025, 6503061650 -
        0 ($1,884,000.00) Equity, (File 333-109889 - Oct. 22) (BR. 06)

S-8     ECOLAB INC, ECOLAB CTR, 370 WABASHA ST NORTH, ST PAUL, MN, 55102,
        6512932233 - 0 ($108,980,000.00) Equity, (File 333-109890 - Oct. 22)
        (BR. 02)

S-8     ECOLAB INC, ECOLAB CTR, 370 WABASHA ST NORTH, ST PAUL, MN, 55102,
        6512932233 - 0 ($27,245,000.00) Equity, (File 333-109891 - Oct. 22)
        (BR. 02)

S-3     G&K SERVICES INC, 6129125500 - 0 ($200,000,000.00) Other,
        (File 333-109892 - Oct. 22) (BR. 08)

S-8     PRO PHARMACEUTICALS INC, 189 WELLS ST, STE 200, NEWTON, MA, 02459,
        6175590033 - 3,000,000 ($12,258,850.00) Equity, (File 333-109893 -
        Oct. 22) (BR. 01)

S-8     RIVERVIEW BANCORP INC, 900 WASHINGTON STREET, SUITE 900, VANCOUVER, WA,
        98660, 360-693-6650 - 229,277 ($4,603,882.16) Equity,
        (File 333-109894 - Oct. 22) (BR. 07)

S-8     F5 NETWORKS INC, 401 ELLIOT AVE WEST, STE 500, SEATTLE, WA, 98119,
        2062725555 - 250,000 ($4,352,500.00) Equity, (File 333-109895 -
        Oct. 22) (BR. 03)

S-3     YELLOW CORP, ATTN: FINANCIAL REPORTING MANAGER - A415,
        10990 ROE AVENUE, OVERLAND PARK, KS, 66211, 9136966100 -
        0 ($250,000,000.00) Debt Convertible into Equity, (File 333-109896 -
        Oct. 22) (BR. 05)

S-3     VERTICALNET INC, 400 CHESTER FIELD PARKWAY, MALVERN, PA, 19355,
        2153286100 - 0 ($5,106,000.00) Equity, (File 333-109897 - Oct. 22)
        (BR. 02)

S-11    BOSTON CAPITAL TAX CREDIT FUND V LP, ONE BOSTON PL., SUITE 2100,
        BOSTON, MA, 02108, 6176248900 - 0 ($70,000,000.00) Other,
        (File 333-109898 - Oct. 22) (BR. )

S-8     AMERICAN HOME MORTGAGE HOLDINGS INC, 12 EAST 49TH STREET, NEW YORK, NY,
        10017, 2127558600 - 750,000 ($14,268,750.00) Equity, (File 333-109899 -
        Oct. 22) (BR. 07)

S-3     PRIMUS TELECOMMUNICATIONS GROUP INC, 1700 OLD MEADOW ROAD, STE 300,
        MCLEAN, VA, 22102, 7039022800 -
        0 ($132,000,000.00) Debt Convertible into Equity, (File 333-109902 -
        Oct. 22) (BR. 37)

SB-2    DP & D INC, 4251 EAST MELODY DR., HIGLEY, AZ, 85236,
        2,000,000 ($100,000.00) Equity, (File 333-109903 - Oct. 22) (BR. )

S-8     ANACOMP INC, 15378 AVENUE OF SCIENCE, SAN DIEGO, CA, 92128,
        8587163400 - 50,000 ($1,112,500.00) Equity, (File 333-109905 - Oct. 22)
        (BR. 36)

S-3     PEABODY ENERGY CORP, 701 MARKET ST, ST LOUIS, MO, 63101-1826,
        3143423400 - 0 ($1,595,182,222.00) Other, (File 333-109906 - Oct. 22)
        (BR. 04)

S-11    EISENHOWER REAL ESTATE FUNDS CORPORATE & GOVENMENT PROPERTIE,
        0 ($550,000,000.00) Equity, (File 333-109907 - Oct. 22) (BR. )

SB-2    ETERNAL TECHNOLOGIES GROUP INC, 200 SOUTH KNOWLES AVE, WINTER PARK, FL,
        32790, 4076222040 - 2,798,863 ($3,134,726.56) Equity,
        (File 333-109908 - Oct. 22) (BR. 03)
     

RECENT 8K FILINGS


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

    Item 1.   Changes in Control of Registrant.
    Item 2.   Acquisition or Disposition of Assets.
    Item 3.   Bankruptcy or Receivership.
    Item 4.   Changes in Registrant's Certifying Accountant.
    Item 5.   Other Materially Important Events.
    Item 6.   Resignations of Registrant's Directors.
    Item 7.   Financial Statements and Exhibits.
    Item 8.   Change in Fiscal Year.
    Item 9.   Regulation FD Disclosure.
    Item 10.  Amendments to the Registrant's Code of Ethics,
              or Waiver of a Provision of the Code of Ethics.
    Item 11.  Temporary Suspension of Trading Under
               Registrant's Employee Benefit Plans.
    Item 12.  Results of Operations and Financial Condition.

The  following companies have filed 8-K reports for the date indicated and/or
amendments to 8-K reports previously filed, responding to the item(s) of  the
form  specified.  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   1 2 3 4 5 6 7 8 9 10 11 12 13     DATE     COMMENT
------------------------------------------------------------------------------------------------
1ST CENTENNIAL BANCORP                  CA                X   X              10/22/03

20/20 NETWORKS INC                      NV    X X       X                    10/17/03

3D SYSTEMS CORP                         DE            X   X                  09/29/03

ABERCROMBIE & FITCH CO /DE/             DE            X                      10/20/03

ACTEL CORP                              CA                    X              10/22/03

ACXIOM CORP                             DE                X   X       X      09/30/03

ADEPT TECHNOLOGY INC                    CA                X   X       X      10/22/03

ADOLOR CORP                                               X           X      10/22/03

AFFILIATED MANAGERS GROUP INC           DE                X           X      10/22/03

AFFYMETRIX INC                          DE                X   X              10/22/03

AFLAC INC                               GA                    X       X      10/22/03

AFLAC INC                               GA                    X       X      10/22/03

AGCO CORP /DE                           DE                X           X      10/22/03

ALCAN INC                               A6            X               X      10/22/03

ALLEGHENY TECHNOLOGIES INC              DE                            X      10/22/03

ALLEGIANT BANCORP INC/MO/               MO                    X              10/21/03

ALLERGAN INC                            DE                X           X      10/22/03

ALLIANCE FIBER OPTIC PRODUCTS INC       CA                            X      10/22/03

ALLSCRIPTS HEALTHCARE SOLUTIONS INC     DE      X         X                  08/08/03    AMEND

AMERICA SERVICE GROUP INC /DE           DE            X   X                  10/20/03

AMERICAN AIRLINES INC                   DE                X                  10/22/03

AMERICAN COMMUNITY BANCSHARES INC       NC                    X              10/21/03

AMERICAN HONDA REC CORP HONDA AUTO RE   CA            X   X                  09/30/03

AMERICAN HONDA RECEIVABLES CORP  AUTO   CA            X   X                  09/30/03

AMERICAN MEDICAL SYSTEMS HOLDINGS INC   DE                X           X      10/22/03

AMERICAN NATIONAL BANKSHARES INC        VA                            X      09/30/03

AMERICAN NATURAL ENERGY CORP            OK                X                  10/21/03

AMERICAN SCIENCE & ENGINEERING INC      MA                X   X              10/21/03

AMERICAN SHARED HOSPITAL SERVICES       CA                X   X              10/22/03

AMERIQUEST MORTGAGE SECURITIES INC      DE            X   X                  10/08/03

AMPCO PITTSBURGH CORP                   PA            X                      09/30/03

AMPHENOL CORP /DE/                      DE                X   X              10/15/03

AMR CORP                                DE                X                  10/22/03

ANALYSTS INTERNATIONAL CORP             MN                            X      10/22/03

ANHEUSER BUSCH COMPANIES INC            DE                            X      10/22/03

APPLERA CORP                            DE                X   X       X      10/22/03

APPLIED FILMS CORP                      CO                X           X      10/22/03

APRIA HEALTHCARE GROUP INC              DE                X           X      10/22/03

AQUANTIVE INC                           WA                X           X      10/22/03

ARCH COAL INC                           DE                X   X       X      09/30/03

ARENA PHARMACEUTICALS INC               DE                X           X      10/22/03

ARGENT SECURITIES INC                                 X   X                  10/22/03

ARIBA INC                               DE                X           X      10/22/03

ARMANINO FOODS OF DISTINCTION INC /CO   CO                X           X      10/21/03

ARTHROCARE CORP                         DE                X   X              10/22/03

ASIAINFO HOLDINGS INC                   DE                    X              10/22/03

ASK JEEVES INC                          DE                X           X      10/22/03

ASSOCIATED BANC-CORP                    WI            X                      10/22/03

ASV INC /MN/                            MN                X   X       X      10/22/03

AT&T WIRELESS SERVICES INC              DE                X   X       X      10/22/03

ATLANTIC COAST AIRLINES HOLDINGS INC    DE                            X      10/22/03

ATS MEDICAL INC                         MN                X           X      10/22/03

AUGUST TECHNOLOGY CORP                  MN                X           X      10/22/03

AVALONBAY COMMUNITIES INC               MD                            X      10/22/03

AVANT IMMUNOTHERAPEUTICS INC            DE                X   X              10/22/03

AVICI SYSTEMS INC                       DE                            X      10/22/03

AXT INC                                 DE                X           X      10/22/03

AZTAR CORP                              DE                X           X      10/22/03

BACK YARD BURGERS INC                   DE                X   X       X      10/21/03

BACKWEB TECHNOLOGIES LTD                              X   X           X      10/22/03

BANK HOLDINGS                           NV            X   X                  10/17/03

BANK OF NEW YORK CO INC                 NY            X   X           X      09/30/03

BANK ONE AUTO SECURITIZATION TRUST 20   DE            X                      10/22/03

BANK ONE CORP                           DE                X                  09/30/03

BANKATLANTIC BANCORP INC                FL                            X      10/21/03

BARD C R INC /NJ/                       NJ                            X      10/22/03

BARRA INC /CA                           DE                X           X      10/22/03

BAY NATIONAL CORP                                         X   X              10/22/03

BAYVIEW FINANCIAL CORP MORTGAGE PASS    DE            X                      10/08/03

BE AEROSPACE INC                        DE            X   X   X       X      10/22/03

BEEPER PLUS INC                         NV            X                      10/21/03

BELLSOUTH CORP                          GA                            X      10/22/03

BELO CORP                               DE                X           X      10/22/03

BINDVIEW DEVELOPMENT CORP               TX                X   X              10/13/03

BIOSITE INC                             DE                X           X      10/22/03

BLACK & DECKER CORP                     MD                    X       X      10/22/03

BLAIR CORP                              DE                X   X              09/30/03

BLUEGREEN CORP                          MA                    X              10/21/03

BLYTH INC                               DE            X   X                  10/22/03

BOLT TECHNOLOGY CORP                    CT                X           X      10/22/03

BOSTON PROPERTIES INC                   DE                X           X      10/21/03

BOSTON PROPERTIES LTD PARTNERSHIP                         X           X      10/21/03

BRITTON & KOONTZ CAPITAL CORP           MS                X   X              10/22/03

BROADVISION INC                         DE                            X      10/22/03

BROWN BENCHMARK PROPERTIES LIMITED PA   DE      X                            10/10/03

BRUKER BIOSCIENCES CORP                 DE                X           X      10/20/03

BUILDING MATERIALS CORP OF AMERICA      DE                            X      10/22/03

BURLINGTON RESOURCES INC                DE                    X              10/22/03

CALIFORNIA FIRST NATIONAL BANCORP       CA            X                      10/22/03

CALPINE CORP                            DE            X                      10/21/03

CAMBREX CORP                            DE            X   X                  10/17/03

CAPITAL ONE FINANCIAL CORP              DE            X   X   X       X      10/22/03

CAPITAL ONE FINANCIAL CORP              DE                    X              10/22/03

CAPITOL REVOLVING HOME EQUITY LOAN TR   MD                X                  10/20/03

CAPTARIS INC                            WA      X         X                  09/29/03

CAPTARIS INC                            WA                X                  09/15/03    AMEND

CARACO PHARMACEUTICAL LABORATORIES LT   MI                X           X      10/15/03

CARDINAL FINANCIAL CORP                 VA                            X      10/16/03

CAREER EDUCATION CORP                   DE                            X      10/21/03

CARMINA TECHNOLOGIES INC                UT            X                      10/22/03

CAVCO INDUSTRIES INC                    DE                X           X      10/22/03

CCC INFORMATION SERVICES GROUP INC      DE            X   X                  10/22/03

CDI CORP                                PA                            X      10/22/03

CDW CORP                                IL                X           X      10/22/03

CENTER FINANCIAL CORP                   CA                X   X              10/21/03

CENTEX CORP                             NV                X           X      10/21/03

CENTRAL COAST BANCORP                   CA                X           X      09/30/03

CENTRAL VALLEY COMMUNITY BANCORP        CA                X           X      10/08/03

CENTURY ALUMINUM CO                     DE                X           X      10/21/03

CH ENERGY GROUP INC                     NY                X   X              10/21/03

CHAMPION ENTERPRISES INC                MI            X   X           X      10/22/03

CHARLES & COLVARD LTD                   NC                            X      10/21/03

CHART INDUSTRIES INC                    DE                    X       X      10/22/03

CHESTER VALLEY BANCORP INC              PA                X           X      10/22/03

CHICAGO MERCANTILE EXCHANGE HOLDINGS    DE                            X      10/21/03

CHOICE HOTELS INTERNATIONAL INC /DE     DE                X   X              10/22/03

CHOLESTECH CORPORATION                  CA                X           X      10/22/03

CHURCHILL DOWNS INC                     KY                            X      09/30/03

CIRCUIT CITY STORES INC                 VA                            X      10/22/03

CIRRUS LOGIC INC                        DE                X           X      10/22/03

CITICORP                                DE            X                      10/21/03

CITIZENS SOUTH BANKING CORP             DE                X   X              10/20/03

CITRIX SYSTEMS INC                      DE                            X      10/22/03

CLASSIC BANCSHARES INC                  DE            X   X                  10/22/03

CLASSICA GROUP INC                      NY            X   X                  10/21/03

COAST BANCORP/CA                                      X   X                  10/20/03

COLLEGE LOAN CORP                       CA            X   X                  10/09/03

COMMONWEALTH BANKSHARES INC             VA                X   X              10/22/03

COMPETITIVE TECHNOLOGIES INC            DE      X         X                  10/17/03

COMPUTER ASSOCIATES INTERNATIONAL INC   DE                X           X      10/22/03

COMPUTER PROGRAMS & SYSTEMS INC         DE                X           X      10/22/03

CONE MILLS CORP                         NC                X   X       X      10/22/03

CONSOLIDATED GRAPHICS INC /TX/          TX                X           X      10/22/03

CONSOLIDATED GRAPHICS INC /TX/          TX                X           X      10/22/03

CONSPIRACY ENTERTAINMENT HOLDINGS INC   UT    X X         X                  10/07/03

CONVERGYS CORP                          OH                X   X              10/21/03

CONVERGYS CORP                          OH            X                      10/22/03

CORILLIAN CORP                          OR                X   X              10/22/03

CORNING INC /NY                         NY                    X              09/30/03

CORRECTIONAL PROPERTIES TRUST           MD                X           X      10/22/03

COVAD COMMUNICATIONS GROUP INC          DE                X           X      10/22/03

CREDIT SUISSE FIRST BOSTON MORTGAGE S   DE            X                      10/22/03

CROSS A T CO                            RI                            X      10/04/03

CULLEN FROST BANKERS INC                TX                            X      10/22/03

CVB FINANCIAL CORP                      CA                            X      10/21/03

CWMBS INC                               DE            X   X                  09/30/03

CYTYC CORP                              DE                X           X      10/22/03

D & K HEALTHCARE RESOURCES INC          DE                X   X       X      10/22/03

DATASTREAM SYSTEMS INC                  DE            X   X           X      10/22/03

DCB FINANCIAL CORP                      OH                X           X      10/22/03

DECKERS OUTDOOR CORP                    DE                X           X      10/22/03

DEVRY INC                               DE                    X              10/21/03

DIAL CORP /NEW/                         DE                X           X      10/22/03

DIEBOLD INC                             OH                X   X              10/22/03

DIGITAL RIVER INC /DE                   DE                X   X       X      10/22/03

DIGITALTHINK INC                        DE                X           X      09/30/03

DIME COMMUNITY BANCSHARES INC           DE                    X              10/21/03

DISCOVERY LABORATORIES INC /DE/         DE            X   X                  10/03/03

DIVIDEND CAPITAL TRUST INC              MD      X     X   X                  10/16/03

DOCUMENTUM INC                          DE                X           X      10/21/03

DOT HILL SYSTEMS CORP                   NY            X   X           X      10/22/03

DOV PHARMACEUTICAL INC                  DE            X   X                  10/21/03

DREXLER TECHNOLOGY CORP                 DE          X                        10/15/03

DREYERS GRAND ICE CREAM HOLDINGS INC    DE            X   X                  10/22/03

DT INDUSTRIES INC                       DE            X   X                  10/21/03

DUPONT E I DE NEMOURS & CO              DE                X           X      09/30/03

DUPONT PHOTOMASKS INC                   DE                X           X      10/22/03

DYNACQ INTERNATIONAL INC                NV                X   X              10/22/03

DYNAMIC MATERIALS CORP                  DE      X         X                  10/22/03

E TRADE FINANCIAL CORP                  DE            X   X                  10/20/03

EASTGROUP PROPERTIES INC                MD                X   X              09/30/03

EASTMAN KODAK CO                        NJ                X           X      10/21/03

EASYLINK SERVICES CORP                  DE            X   X                  10/20/03

EDGE PETROLEUM CORP                     DE                X           X      10/21/03

EDGEWATER TECHNOLOGY INC/DE/            DE                            X      10/22/03

EL PASO CORP/DE                         DE            X   X                  10/22/03

ELCOM INTERNATIONAL INC                 DE                    X              10/16/03

ELECTRONIC ARTS INC                     DE                X   X       X      10/22/03

ELECTRONIC TELE COMMUNICATIONS INC      WI                X   X       X      10/21/03

ELECTRONICS FOR IMAGING INC             DE                X           X      10/22/03

ENERGY CONVERSION DEVICES INC           DE            X                      10/18/03

ENTERPRISE FINANCIAL SERVICES CORP      DE                X           X      10/21/03

ENZON PHARMACEUTICALS  INC              DE            X               X      10/22/03

EPIC FINANCIAL  CORP                    NV                X                  10/22/03

EPICOR SOFTWARE CORP                    DE                X           X      10/22/03

EQUITY ONE ABS INC                      DE            X   X                  10/20/03

ERESEARCHTECHNOLOGY INC /DE/            DE                X           X      10/22/03

ESSENTIAL THERAPEUTICS INC              CA        X   X   X                  10/10/03

EXACT SCIENCES CORP                     DE            X   X                  10/17/03

EXTENDED SYSTEMS INC                    DE                X           X      10/22/03

FEDERAL SIGNAL CORP /DE/                DE                X           X      10/22/02

FEDERATED INVESTORS INC /PA/            PA                            X      10/22/03

FEI CO                                  OR                X           X      10/22/03

FENTURA FINANCIAL INC                   MI                X           X      10/17/03    AMEND

FGI GROUP INC                           DE            X   X                  10/21/03

FIBERSTARS INC /CA/                     CA                            X      10/22/03

FINANCIAL ASSET SECURITIES CORP ASSET   DE      X         X                  09/30/03

FIRST ADVANTAGE CORP                    DE                X           X      10/21/03

FIRST AMERICAN CORP                     CA                X           X      10/22/03

FIRST BANCORP /PR/                      PR                X           X      10/20/03

FIRST CASH FINANCIAL SERVICES INC       DE                            X      10/22/03

FIRST CONSULTING GROUP INC              DE                            X      10/22/03

FIRST M&F CORP/MS                       MS                X   X              10/17/03

FIRST MERCHANTS CORP                    IN                X   X              10/22/03

FIRST MIDWEST BANCORP INC               DE                X           X      10/22/03

FIRST OAK BROOK BANCSHARES INC          DE                X        X         10/22/03

FIRST SENTINEL BANCORP INC              DE                X           X      10/22/03

FIRST STATE BANCORPORATION              NM                X           X      10/22/03

FIRST TENNESSEE NATIONAL CORP           TN                X   X              10/22/03

FIRSTFED AMERICA BANCORP INC            DE                X           X      10/21/03

FIRSTFED FINANCIAL CORP                 DE                X                  09/30/03

FIRSTFED FINANCIAL CORP                 DE                X                  09/30/03

FISERV INC                              WI                X           X      10/21/03

FLANDERS CORP                           NC                            X      10/22/03

FLEXSTEEL INDUSTRIES INC                MN            X                      10/22/03

FLEXTRONICS INTERNATIONAL LTD                             X           X      10/22/03

FLIR SYSTEMS INC                        OR            X   X                  10/22/03

FLIR SYSTEMS INC                        OR                X           X      10/22/03

FLORIDA EAST COAST INDUSTRIES INC       FL                            X      10/22/03

FNB BANCSHARES INC /SC/                 SC                X           X      10/22/03

FORRESTER RESEARCH INC                  DE                X           X      10/22/03

FOUNDRY NETWORKS INC                    DE                X           X      10/22/03

FRANKLIN STREET PROPERTIES CORP /MA/                          X              10/20/03

FUELNATION INC                          FL            X   X                  10/21/03

FULTON FINANCIAL CORP                   PA                X           X      10/21/03

GENELABS TECHNOLOGIES INC /CA           CA            X   X                  10/16/03

GENERAL BINDING CORP                    DE                X                  10/22/03

GETTY IMAGES INC                        DE                X           X      10/22/03

GLATFELTER P H CO                       PA                X           X      10/22/03

GLOBALSANTAFE CORP                                                    X      10/22/03

GLYCOGENESYS  INC                       NV            X   X                  10/22/03

GOLDEN PATRIOT CORP                     NV            X                      10/22/03

GOLDEN WEST FINANCIAL CORP /DE/         DE                    X              09/30/03

GRANDSOUTH BANCORPORATION               SC                X           X      10/22/03

GRAPHIC PACKAGING CORP                  DE      X         X                  08/08/03    AMEND

GREAT LAKES DREDGE & DOCK CORP          DE                X           X      10/22/03

GREATER BAY BANCORP                     CA                            X      10/22/03

GREENE COUNTY BANCSHARES INC            TN                X           X      10/22/03

GREY GLOBAL GROUP INC                   DE            X   X                  10/21/03

GREY GLOBAL GROUP INC                   DE                X   X              10/22/03

GS MORTGAGE SECURITIES CORP             DE            X   X                  10/21/03

GS MORTGAGE SECURITIES CORP             DE            X   X                  10/20/03

GUIDELINE CAPITAL INC                   NV    X X       X X                  06/23/03    AMEND

GUNDLE SLT ENVIRONMENTAL INC            DE                X           X      10/22/03

HANDSPRING INC                          CA            X   X                  10/21/03

HARMAN INTERNATIONAL INDUSTRIES INC /   DE                X   X       X      09/30/03

HARRAHS ENTERTAINMENT INC               DE                X   X              10/22/03

HARTE HANKS INC                         DE                X   X              10/22/03

HEALTH CARE REIT INC /DE/               DE                            X      10/22/03

HEARTLAND EXPRESS INC                   NV                X           X      09/30/03

HERBALORGANICS COM                                    X   X                  10/22/03

HERITAGE COMMERCE CORP                  CA                X                  10/21/03

HERITAGE FINANCIAL CORP /WA/            WA                X   X              10/22/03

HERITAGE PROPERTY INVESTMENT TRUST IN   MD            X   X                  10/22/03

HEXCEL CORP /DE/                        DE                X   X       X      10/22/03

HI/FN INC                               DE                            X      10/22/03

HILTON HOTELS CORP                      DE            X               X      10/22/03

HOLLEY PERFORMANCE PRODUCTS INC                           X   X              10/15/03

HONDA AUTO RECEIVABLES 2000-1 OWNER T   DE            X   X                  09/30/03

HONDA AUTO RECEIVABLES 2001-1 OWNER T   DE            X   X                  09/30/03

HONDA AUTO RECEIVABLES 2001-2 OWNER T   DE            X   X                  09/30/03

HONDA AUTO RECEIVABLES 2001-3 OWNER T   CA            X   X                  09/30/03

HONDA AUTO RECEIVABLES 2002-1 OWNER T   CA            X   X                  09/30/03

HONDA AUTO RECEIVABLES 2002-2 OWNER T   CA            X   X                  09/30/03

HONDA AUTO RECEIVABLES 2002-3 OWNER T   CA            X   X                  09/30/03

HONDA AUTO RECEIVABLES 2002-4 OWNER T   CA            X   X                  09/30/03

HONDA AUTO RECEIVABLES 2003-1 OWNER T   CA            X   X                  09/30/03

HORIZON HEALTH CORP /DE/                DE                X           X      10/20/03

HSBC USA INC /MD/                       MD            X                      10/22/03

HUGOTON ROYALTY TRUST                   TX                            X      10/21/03

HYPERCOM CORP                           DE      X         X                  10/09/03    AMEND

I2 TECHNOLOGIES INC                     DE                X   X       X      10/21/03

IA GLOBAL INC                           DE      X         X                  08/15/03    AMEND

IBIS TECHNOLOGY CORP                    MA            X   X                  10/16/03

IBIS TECHNOLOGY CORP                    MA                X   X       X      10/22/03

ICOS CORP / DE                          DE                X           X      10/22/03

ILEX ONCOLOGY INC                       DE                X           X      10/22/03

IMANAGE INC                             DE                    X       X      10/22/03

IMS HEALTH INC                          DE                X           X      10/22/03

INFOCROSSING INC                        DE            X   X                  10/21/03

INGERSOLL RAND CO LTD                                         X              10/22/03

INSTINET GROUP INC                      DE                            X      10/22/03

INTER TEL INC                           AZ                X           X      10/20/03

INTERCELL INTERNATIONAL CORP            NV      X     X   X                  10/20/03

INTERLAND INC /MN/                      MN                            X      10/21/03

INTERNATIONAL REMOTE IMAGING SYSTEMS    DE            X                      10/22/03

INTERSIL CORP/DE                        DE                X   X       X      10/22/03

INVESTMENT TECHNOLOGY GROUP INC         DE            X                      10/22/03

INVESTMENT TECHNOLOGY GROUP INC         DE            X                      10/22/03    AMEND

IPC HOLDINGS LTD                                                      X      10/21/03

IRWIN FINANCIAL CORPORATION             IN            X   X   X       X      10/22/03

J P MORGAN CHASE & CO                   DE                X   X       X      10/22/03

JNI CORP                                DE                X           X      10/22/03

JOHNSON CONTROLS INC                    WI                X           X      10/22/03

JORGENSEN EARLE M CO /DE/               DE                X           X      10/22/03

JUNO LIGHTING INC                       DE                X   X              10/22/03

KADANT INC                              DE                            X      10/22/03

KANA SOFTWARE INC                       DE                            X      09/30/03

KEANE INC                               MA                            X      10/22/03

KENTUCKY ELECTRIC STEEL INC /DE/        DE            X   X                  10/20/03

KERR MCGEE CORP /DE                     DE                X   X              10/22/03

KEYSTONE PROPERTY TRUST                 MD                X   X              10/22/03

KIMBERLY CLARK CORP                     DE                            X      10/22/03

KING POWER INTERNATIONAL GROUP CO LTD   NV            X   X                  10/22/03

KLA TENCOR CORP                         DE                X           X      10/22/03

KNIGHT TRADING GROUP INC                DE                    X       X      10/22/03

KNIGHT TRADING GROUP INC                DE                X   X              10/22/03

KOGER EQUITY INC                        FL            X   X                  10/22/03

KOMAG INC /DE/                          DE                X           X      10/22/03

L 3 COMMUNICATIONS HOLDINGS INC         DE                X           X      10/22/03

LANCE INC                               NC                X           X      10/22/03

LCA VISION INC                          DE            X   X   X       X      10/22/03

LEGG MASON INC                          MD                            X      09/30/03

LENNOX INTERNATIONAL INC                DE                X           X      10/21/03

LILLY ELI & CO                          IN                            X      10/22/03

LINENS N THINGS INC                     DE                            X      10/21/03

LITTELFUSE INC /DE                      DE                X   X              10/22/03

LOUISIANA PACIFIC CORP                  DE                X           X      10/22/03

LSI INDUSTRIES INC                      OH                            X      10/21/03

LSI LOGIC CORP                          DE            X   X           X      10/22/03

LUCENT TECHNOLOGIES INC                 DE            X               X      10/22/03

LUMINEX CORP                            DE                    X       X      10/22/03

MAC-GRAY CORP                           DE                    X              10/22/03

MAC-GRAY CORP                           DE                X           X      10/22/03

MACROMEDIA INC                          DE                X           X      10/22/03

MACROMEDIA INC                          DE            X   X                  10/22/03

MARKEL CORP                             VA                X           X      10/21/03

MARKETWATCH COM INC                     DE                X           X      10/21/03

MARSH & MCLENNAN COMPANIES INC          DE                X           X      10/21/03

MATRIX SERVICE CO                       DE            X   X                  10/22/03

MATRIXONE INC                           DE                            X      10/22/03

MATTSON TECHNOLOGY INC                  DE                X           X      09/28/03

MCCLATCHY CO                            DE            X                      10/22/03

MCLEODUSA INC                           DE                            X      10/22/03

MCMORAN EXPLORATION CO /DE/             DE                            X      10/21/03

MEADWESTVACO CORP                       DE                            X      10/22/03

MECHANICAL TECHNOLOGY INC               NY                X           X      10/22/03

MEDAMICUS INC                           MN                X           X      10/22/03

MELLON FINANCIAL CORP                   PA                X           X      10/21/03

MENTOR GRAPHICS CORP                    OR                X   X              10/22/03

MERCANTILE BANKSHARES CORP              MD            X   X                  10/20/03

MERCANTILE BANKSHARES CORP              MD            X   X                  10/22/03

MERCK & CO INC                          NJ                X   X       X      10/22/03

MERCURY INTERACTIVE CORPORATION         DE                X           X      10/22/03

MERRILL LYNCH & CO INC                  DE            X   X                  10/22/03

MERRILL LYNCH DEPOSITOR INC PREFERRED   DE            X   X                  04/01/03

MERRILL LYNCH DEPOSITOR INC PREFERRED   NY            X   X                  05/01/03

MERRILL LYNCH DEPOSITOR INC PREFERRED   DE            X   X                  08/01/03

MGP INGREDIENTS INC                     KS                X   X              10/22/03

MICHAEL ANTHONY JEWELERS INC            DE            X   X                  10/22/03

MICREL INC                              CA                            X      10/22/03

MID STATE HOMES TRUST XI                FL            X   X                  06/26/03

MIGRATEC INC                            DE      X   X X   X                  10/15/03

MOBILITY ELECTRONICS INC                DE                X           X      10/22/03

MOCON INC                               MN                X           X      10/21/03

MORGAN STANLEY ABS CAPITAL I INC        DE            X   X                  10/20/03

MORTGAGE ASSET SECURITIZATION TRANSAC   DE            X   X                  10/14/03

MSC SOFTWARE CORP                       DE                    X              10/22/03

MSTG SOLUTIONS INC                                  X                        10/15/03

MYSTIC FINANCIAL INC                    DE                X   X       X      10/22/03

N-VIRO INTERNATIONAL CORP               DE            X                      10/22/03

NABI  BIOPHARMACEUTICALS                DE                            X      10/22/03

NATIONWIDE HEALTH PROPERTIES INC        MD                            X      10/22/03

NAVISITE INC                            DE                X                  08/08/03    AMEND

NAVISTAR FINANCIAL RETAIL RECEIVABLES   DE            X   X                  10/20/03

NCR CORP                                MD            X   X           X      10/22/03

NEOFORMA INC                            DE                X           X      10/21/03

NET2PHONE INC                           DE                            X      10/22/03

NETBANK INC                             GA                X           X      10/22/03

NEW CENTURY MORTGAGE SECURITIES INC     DE            X   X                  10/17/03

NEW ENGLAND BUSINESS SERVICE INC        DE                            X      10/22/03

NEW YORK COMMUNITY BANCORP INC          DE            X   X           X      10/22/03

NEWMIL BANCORP INC                      DE            X                      10/22/03

NEXTEL PARTNERS INC                     DE                            X      10/21/03

NL INDUSTRIES INC                       NJ                X   X              10/21/03

NORTHERN STATES FINANCIAL CORP /DE/     DE                            X      10/22/03

NORTHWEST PIPE CO                       OR                X           X      10/22/03

NOVOSTE CORP /FL/                       FL                X   X              10/22/03

NRG ENERGY INC                          DE            X   X                  10/21/03

NUANCE COMMUNICATIONS                   CA                X                  09/30/03

NUANCE COMMUNICATIONS                   CA                X                  09/30/03

NUVELO INC                              NV            X                      10/21/03

OAKLEY INC                              WA                            X      10/22/03

OCEAN VENTURES INC                              X                            10/07/03

OMI CORP/M I                                              X           X      10/22/03

ON THE GO HEALTHCARE INC                DE      X                            10/21/03

OPLINK COMMUNICATIONS INC               DE                            X      10/22/03

OSHKOSH B GOSH INC                      DE                            X      10/22/03

OVERLAND STORAGE INC                    CA                            X      10/22/03

OWENS ILLINOIS INC /DE/                 DE            X               X      10/21/03

PACIFIC INTERMEDIA INC                        X X         X                  10/17/03

PACIFIC TECHNOLOGY INC                  DE    X X       X X                  03/28/03

PARAMETRIC TECHNOLOGY CORP              MA                            X      10/22/03

PENN AMERICA GROUP INC                  PA            X   X                  10/22/03

PEOPLES HOLDING CO                      MS                X   X              10/21/03

PEOPLES HOLDING CO                      MS            X   X           X      10/22/03

PEPSIAMERICAS INC/IL/                   DE                X   X              10/22/03

PERFORMANCE CAPITAL MANAGEMENT LLC      CA            X   X                  10/17/03

PERMIAN BASIN ROYALTY TRUST             TX                X           X      10/21/03

PETROLEUM DEVELOPMENT CORP              NV            X                      10/22/03

PFIZER INC                              DE                X           X      10/22/03

PHOENIX FOOTWEAR GROUP INC              DE            X   X                  10/22/03

PINNACLE DATA SYSTEMS INC               OH                    X       X      10/22/03

PINNACLE FINANCIAL PARTNERS INC         TN                X   X       X      10/21/03

PIVOTAL CORP                                                  X              10/22/03

PLANAR SYSTEMS INC                      OR                X           X      10/22/03

PLIANT CORP                             UT            X   X                  10/22/03

PMI GROUP INC                           DE                            X      10/22/03

PMI GROUP INC                           DE            X                      10/22/03

POTASH CORP OF SASKATCHEWAN INC                                       X      10/22/03

PRIMUS TELECOMMUNICATIONS GROUP INC     DE            X                      10/22/03

PRO DEX INC                             CO          X     X                  10/16/03    AMEND

PROGRESS ENERGY INC                     NC            X   X                  09/30/03

PROGRESSIVE CORP/OH/                    OH                            X      10/22/03

PULASKI FINANCIAL CORP                  DE                X   X              10/21/03

QNB CORP                                PA                X           X      10/22/03

QUEST SOFTWARE INC                      CA                X           X      10/22/03

QUICKLOGIC CORPORATION                  CA                X           X      10/22/03

QUOVADX INC                             DE                X           X      10/22/03

RAINDANCE COMMUNICATIONS INC            DE                X           X      10/22/03

RARE HOSPITALITY INTERNATIONAL INC      GA                X           X      10/22/03

RAYMOND JAMES FINANCIAL INC             FL                X   X              10/21/03

RAYONIER INC                            NC                X           X      10/22/03

REALTY INCOME CORP                      MD            X   X                  10/16/03

RECKSON ASSOCIATES REALTY CORP          MD      X         X                  10/22/03

REDBACK NETWORKS INC                    DE            X   X                  10/22/03

REGAL BELOIT CORP                       WI                X                  09/30/03

RENAISSANCERE HOLDINGS LTD                                X           X      10/21/03

RESIDENTIAL ASSET MORTGAGE PRODUCTS I   DE            X   X                  10/22/03

RESIDENTIAL ASSET SECURITIZATION TRUS                 X   X                  09/25/03

RIDGEFIELD ACQUISITION CORP             CO          X     X                  10/16/03

RIVIERA HOLDINGS CORP                   NV                X   X       X      10/21/03

ROPER INDUSTRIES INC /DE/               DE                    X              10/21/03

ROPER INDUSTRIES INC /DE/               DE                    X              10/21/03

ROXIO INC                               DE                X           X      10/22/03

RYANS FAMILY STEAKHOUSES INC            SC                    X              10/01/03

RYDER SYSTEM INC                        FL                X           X      10/22/03

S3I HOLDINGS INC                        CA            X X                    10/21/03

SABRE HOLDINGS CORP                     DE                    X              10/22/03

SCHAWK INC                              DE                            X      10/22/03

SCHERING PLOUGH CORP                    NJ            X   X           X      10/22/03

SCHLUMBERGER LTD /NV/                   P8                X           X      10/21/03

SCP POOL CORP                           DE                            X      09/30/03

SEAGATE TECHNOLOGY                      E9            X   X           X      10/21/03

SEALED AIR CORP/DE                      DE                X           X      10/22/03

SECURITISATION ADVISORY SERVICES PTY                  X   X                  10/14/03

SEGUE SOFTWARE INC                      DE                X           X      10/22/03

SEGUE SOFTWARE INC                      DE                X           X      10/22/03

SELECTICA INC                           DE            X   X                  10/17/03

SEROLOGICALS CORP                       DE                X           X      10/22/03

SHELLS SEAFOOD RESTAURANTS INC          DE            X                      10/20/03

SHIRE PHARMACEUTICALS GROUP PLC                       X   X                  10/16/03

SIERRA BANCORP                          CA                X   X              10/21/03

SIGMA ALDRICH CORP                      DE                X           X      10/21/03

SILICON STORAGE TECHNOLOGY INC          CA                            X      10/22/03

SIMPSON MANUFACTURING CO INC /CA/       DE                    X              10/21/03

SL GREEN REALTY CORP                    MD                X   X              10/21/03

SLADES FERRY BANCORP                    MA                X   X       X      10/21/03

SMARTIRE SYSTEMS INC                                          X              10/20/03

SNAP ON INC                             DE                X           X      10/22/03

SOCKET COMMUNICATIONS INC               DE                X   X              10/22/03

SOLUTIA INC                             DE            X   X                  10/16/03

SOUNDVIEW TECHNOLOGY GROUP INC          DE                            X      10/20/03

SPARTAN MOTORS INC                      MI                X   X              10/22/03

SPS TECHNOLOGIES INC                    PA                            X      09/30/03

ST JOE CO                               FL                    X              10/22/03

STANLEY WORKS                           CT                X           X      10/22/03

STEMCELLS INC                           DE          X                        10/15/03

STERIS CORP                             OH                    X              10/22/03

STORAGE TECHNOLOGY CORP                 DE                    X       X      10/21/03

STRATEX NETWORKS INC                    DE                X           X      10/22/03

STRUCTURED ASSET MORT INV INC BEAR ST   DE                X                  10/22/03

STRUCTURED ASSET SEC CORP MORT PASS T   DE            X                      10/22/03

STRUCTURED PROD CORP STEP UP TR CREDI   DE                X                  10/22/03

STRUCTURED PRODUCTS CORP                DE                X                  10/22/03

STRUCTURED PRODUCTS CORP CAST SM STEP   DE                X                  10/22/03

STRUCTURED PRODUCTS CORP MONTHLY PAY    DE                X                  10/22/03

SUITE 101 COM INC                       DE    X X         X                  08/29/03

SYMANTEC CORP                           DE            X   X           X      10/22/03

SYNALLOY CORP                           DE                            X      10/22/03

SYNPLICITY INC                          CA                X           X      10/22/03

SYPRIS SOLUTIONS INC                    DE                X           X      10/22/03

TAKE TWO INTERACTIVE SOFTWARE INC       DE            X                      10/20/03

TARGET RECEIVABLES CORP                 MN            X                      10/22/03

TEKELEC                                 CA                X           X      10/22/03

TELEPHONE & DATA SYSTEMS INC /DE/       DE                            X      10/22/03

TENET HEALTHCARE CORP                   NV                    X              10/22/03

TENNANT CO                              MN                X           X      10/22/03

TEREX CORP                              DE                X           X      10/22/03

TESSCO TECHNOLOGIES INC                 DE                X   X              10/21/03

THAXTON GROUP INC                       SC        X                          10/17/03

THERAGENICS CORP                        DE                    X              09/30/03

THERASENSE INC                          CA                    X       X      10/22/03

THERMO ELECTRON CORP                    DE                X   X              10/21/03

TIERONE CORP                                              X           X      10/20/03

TIME WARNER INC                         DE                X           X      10/22/03

TITANIUM METALS CORP                    DE            X               X      10/22/03

TOMPKINS TRUSTCO INC                    NY                X           X      10/22/03

TOOTSIE ROLL INDUSTRIES INC             VA            X                      09/27/03

TOR MINERALS INTERNATIONAL INC          DE            X   X                  10/15/03

TRACTOR SUPPLY CO /DE/                  DE                X   X              10/17/03

TRANSCAT INC                            OH                X           X      10/20/03

TRC COMPANIES INC /DE/                  DE                X   X              10/15/03

TRIDENT MICROSYSTEMS INC                DE                X           X      10/22/03

TRIDENT MICROSYSTEMS INC                DE      X         X                  10/22/03    AMEND

TRIPOS INC                              UT                    X              09/30/03

TRUSTMARK CORP                          MS                            X      10/21/03

TUESDAY MORNING CORP/DE                 DE            X   X                  10/20/03

TUPPERWARE CORP                         DE                X           X      10/22/03

TWINLAB CORP                            DE                X   X              10/20/03

TWINLAB CORP                            DE        X       X                  10/21/03

UNION COMMUNITY BANCORP                 IN                X           X      10/21/03

UNION FINANCIAL BANCSHARES INC          DE                  X                10/21/03

UNION FINANCIAL BANCSHARES INC          DE                X           X      10/22/03

UNION PLANTERS CORP                     TN                    X              10/21/03

UNIT CORP                               DE                X                  10/22/03

UNITED PAN AM FINANCIAL CORP            CA                X           X      10/22/03

UNITED STATES CELLULAR CORP             DE                            X      10/22/03

UNIVERSAL STAINLESS & ALLOY PRODUCTS    DE                            X      10/22/03

VALESC HOLDINGS INC                     DE            X X                    10/16/03

VALMONT INDUSTRIES INC                  DE                            X      10/21/03

VCA ANTECH INC                          DE            X   X           X      10/22/03

VCA ANTECH INC                          DE            X   X           X      10/22/03

VECTREN CORP                            IN                X           X      09/30/03

VENDALUX CORP                           DE          X                        09/22/03

VENUS EXPLORATION INC                   DE            X   X                  10/21/03

VERITAS SOFTWARE CORP /DE/              DE                X           X      10/22/03

VION PHARMACEUTICALS INC                DE            X   X                  10/21/03

VISX INC                                DE                X           X      10/22/03

VIVUS INC                               CA                X   X       X      10/22/03

WASHINGTON FEDERAL INC                  WA                    X              10/21/03

WASHINGTON MUTUAL INC                   WA                X           X      10/21/03

WATERS CORP /DE/                        DE                X   X              10/22/03

WATSCO INC                              FL                X   X       X      07/23/03

WEIRTON STEEL CORP                      DE                    X              10/22/03

WESCO INTERNATIONAL INC                 DE                            X      10/22/03

WEST CORP                               DE                X           X      10/21/03

WESTERBEKE CORP                         DE            X   X                  09/26/03

WESTINGHOUSE AIR BRAKE TECHNOLOGIES C   DE            X   X                  10/20/03

WFN CREDIT CO LLC                       DE                X                  10/15/03

WHIRLPOOL CORP /DE/                     DE            X               X      10/21/03

WILLIAMS COMPANIES INC                  DE            X   X   X              10/21/03

WIRELESS AGE COMMUNICATIONS INC         NV      X         X                  07/02/03

WORLD ACCEPTANCE CORP                   SC                X   X       X      10/22/03

WORLD FINANCIAL NETWORK NATIONAL BANK   OH                X                  10/15/03

WRIGLEY WM JR CO                        DE                X   X              10/22/03

WVS FINANCIAL CORP                      PA                X           X      10/22/03

WYETH                                   DE                    X       X      10/22/03

XCEL ENERGY INC                         MN            X   X                  10/22/03

XICOR INC                               CA                X   X              10/22/03

YANKEE CANDLE CO INC                                      X   X              10/21/03

YARDVILLE NATIONAL BANCORP              NJ                X           X      10/20/03

YORK INTERNATIONAL CORP /DE/            DE            X               X      10/21/03

YOUNG INNOVATIONS INC                   MO                X   X              10/21/03

ZIMMER HOLDINGS INC                     DE                            X      10/22/03

ACACIA RESEARCH CORP                    DE                X           X      10/22/03

CROSS TIMBERS ROYALTY TRUST             TX                            X      10/21/03