SEC NEWS DIGEST



Issue  2005-68                                                April  11, 2005



COMMISSION ANNOUNCEMENTS


ANNETTE NAZARETH TO TESTIFY
     
     Annette L. Nazareth, Director of the Division of Market Regulation, will
     testify before the House Subcommittee on Capital Markets, Insurance, and
     Government  Sponsored Enterprises concerning credit rating  agencies  on
     Tuesday, April 12.  The hearing will begin at 2:00 p.m. in Room 2128  of
     the Rayburn House Office Building.


ENFORCEMENT PROCEEDINGS


SEC  SETTLES  FINANCIAL  FRAUD ACTION WITH PRESIDENT,  OUTSIDE  DIRECTOR  AND
AUDITORS OF CHANCELLOR CORPORATION
     
     The  Commission has concluded settlements with four defendants named  in
     its  financial fraud litigation relating to Chancellor Corporation.  The
     Commissions  civil enforcement action alleges that  from  1998  through
     2001,  Chancellor  officials  schemed to inflate  Chancellors  reported
     assets,  revenue and profits using fabricated documents  and  fraudulent
     accounting,  while its auditors and outside directors  failed  in  their
     responsibilities  to  address  the  fraud.     The  Commission   reached
     settlements  with: Franklyn E. Churchill, Chancellors former  President
     and  COO;  Rudolph  Peselman,  a former Chancellor  director  and  audit
     committee member; BKR Metcalf Davis, Chancellors former audit firm; and
     Gregory  Davis,  Metcalf Davis engagement partner  for  the  Chancellor
     audit
     
     Churchill and Peselman, without admitting or denying the allegations  of
     the   Commissions  complaint,  consented  to  the  entry  of  permanent
     injunctions  enjoining  each from violating the  anti-fraud,  reporting,
     record-keeping,  and  internal  controls  provisions  of   the   federal
     securities laws.  The two also agreed to an order prohibiting each  from
     ever  serving as an officer or director of any public company,  Further,
     Churchill agreed to pay a $55,000 civil penalty.
     
     BKR  Metcalf  Davis and Davis, again without admitting  or  denying  the
     allegations  of the Commissions complaint, consented to  the  entry  of
     judgments requiring Davis to pay a $25,000 civil penalty and BKR Metcalf
     Davis  to  pay a $50,000 civil penalty.  The SEC agreed to  dismiss  its
     fraud  claims against Davis and BKR Metcalf Davis in lieu of  a  settled
     administrative  enforcement proceeding in which the  Commission  ordered
     that  Davis  and BKR Metcalf Davis cease and desist from  violating  the
     reporting and audit provisions of the Securities Exchange Act, including
     Section  10A,  which  requires auditors to  report  suspected  fraud  by
     management.   The Commission denied Davis the privilege of appearing  or
     practicing before the Commission as an accountant, with a right to apply
     for  reinstatement after five years.  The Commission also  censured  BKR
     Metcalf  Davis and the firm agreed that it would not perform  any  audit
     services  for any public company for one year and if it returns  to  the
     practice   that  it  will  take  remedial  steps.   [SEC  v.  Chancellor
     Corporation,  et  al., USDC, D. Mass, CA No. 03-10762 (MEL)]  (LR-19177;
     AAE  Rel.  2230);  Administrative Proceeding  Rel. 34-51516;  AAE  Rel.
     2229; File No. 3-11890)
     
SEC FILES EMERGENCY CIVIL ACTION AGAINST SECURITIES BROKER TO HALT INVESTMENT
SCHEME AND FREEZE ASSETS FOR INVESTORS

     On  April  7, the Commission filed an emergency action in U.S.  District
     Court  for  the Northern District of Texas against Philip D. Phillips  
     d/b/a  American  Heartland Sagebrush Securities  Investments,  Inc.  and
     Sagebrush  Securities, American Heartland, Inc. (Sagebrush)    charging
     that   Phillips,   a   securities  broker,  bilked  investors   out   of
     approximately  $2.5 million on the false promise that  he  would  invest
     their  funds in safe income-generating securities.  The Court granted  a
     temporary  restraining  order, asset freeze and other  emergency  relief
     against Phillips and Sagebrush.
     
     In  its  complaint, the Commission alleges that Phillips lured investors
     with  a number of misrepresentations: 1) Phillips portrays Sagebrush  to
     investors,  falsely, as a brokerage firm; 2) Phillips  falsely  promises
     investors  in  consultations with them that he will purchase  specific
     securities  in their names; 3) Phillips assures the investors,  falsely,
     that  their  funds  will remain safe, and, claims, falsely,  that  their
     Sagebrush accounts are SIPC insured; and 4) on a monthly or  quarterly
     basis,  as  evidence  of  the purported  success  and  safety  of  the
     investments, Phillips prepares and delivers to investors bogus  account
     statements  purportedly reflecting the composition and value  of  their
     investments.   The Commission further alleges that Phillips fraudulently
     failed  to disclose to investors that he misappropriated a large portion
     of  the  their funds, and that he did not, in fact, purchase or hold  in
     the investors names the securities reflected on the investors account
     statements.
     
     The  Commission also named Kirby J. Curry as a relief defendant  in  its
     complaint, based on his alleged improper receipt of investor funds.  The
     Commission seeks to freeze any investor funds under Currys control.
     
     The  Commission alleges in its complaint that defendant Phillips,  d/b/a
     Sagebrush,  violated Section 17(a) of the Securities Act  of  1933,  and
     Section  10(b)  of the Securities Exchange Act of 1934  and  Rule  10b-5
     thereunder.   In addition to the emergency relief that has been  granted
     by  the  Court,  the  Commission  seeks  against  Phillips  a  permanent
     injunction,  disgorgement  plus prejudgment interest,  and  civil  money
     penalties. [SEC v. Philip D. Phillips, et al., Civil Action No.  2-05CV-
     107-J, USDC, NDTX (Amarillo Division)] (LR-19178)



INVESTMENT COMPANY ACT RELEASES


JOHN HANCOCK LIFE INSURANCE COMPANY, ET AL.
     
     A  notice  has been issued giving interested persons until April  28  to
     request a hearing on an application filed by John Hancock Life Insurance
     Company,  John  Hancock  Variable Life Insurance Company,  John  Hancock
     Variable  Life  Account S, John Hancock Variable Life Account  UV,  John
     Hancock  Variable Life Account U, John Hancock Variable Annuity  Account
     JF,  John  Hancock Variable Annuity Account I, and John Hancock Variable
     Annuity  Account  H (collectively, Applicants).  Applicants  request  an
     order  under Section 26(c) of the Investment Company Act to  permit  the
     substitutions  by John Hancock Life Insurance Company and  John  Hancock
     Variable  Life  Insurance  Company of shares of  securities  of  various
     portfolios held by one or more of John Hancock Variable Life Account  S,
     John  Hancock  Variable  Life  Account UV, John  Hancock  Variable  Life
     Account  U,  John  Hancock  Variable Annuity Account  JF,  John  Hancock
     Variable Annuity Account I, and John Hancock Variable Annuity Account H.
     (Rel. IC-26831 - April 11)


SELF-REGULATORY ORGANIZATIONS


PROPOSED RULE CHANGE

     The Chicago Board Options Exchange filed a proposed rule change (SR-CBOE-
     2004-59)  and  Amendment Nos. 1, 2, and 3 thereto  relating  to  back-up
     trading  arrangements  and  exchange  procedures  in  the  event  of  an
     emergency or extraordinary circumstance.  Publication of the proposal is
     expected in the Federal Register during the week of April 11.   (Rel. 34-
     51510)


SECURITIES ACT REGISTRATIONS


     The following registration statements have been filed with the SEC under
     the  Securities  Act  of  1933.   The reported  information  appears  as
     follows:   Form,  Name, Address and Phone Number (if available)  of  the
     issuer  of the security; Title and the number and/or face amount of  the
     securities being offered; Name of the managing underwriter or  depositor
     (if  applicable);  File number and date filed; Assigned  Branch;  and  a
     designation if the statement is a New Issue.
     
     Registration statements may be obtained in person or by writing  to  the
     Commission's  Public  Reference  Branch  at  450  Fifth  Street,   N.W.,
     Washington,  D.C.  20549  or  at  the  following  e-mail  box   address:
     <publicinfo@sec.gov>.  In most cases, this information is also available
     on the Commission's website: <www.sec.gov>.
     
     
     
S-8     NVIDIA CORP, 2701 SAN TOMAS EXPRESSWAY, SANTA CLARA, CA, 95050,
        408-486-2000 - 3,551,702 ($82,292,935.34) Equity, (File 333-123933 -
        Apr. 8) (BR. 36)

S-4     BERKSHIRE HATHAWAY FINANCE CORP, 1440 KIEWITT PLAZA, OMAHA, NE, 68131,
        4023461400 - 0 ($3,750,000,000.00) Non-Convertible Debt,
        (File 333-123935 - Apr. 8) (BR. 01)

S-2     ING USA ANNUITY & LIFE INSURANCE CO, 1475 DUNWOODY DRIVE, SUITE 400,
        WEST CHESTER, PA, 19380-1478, 610-425-3400 -
        250,000,000 ($2,500,000.00) Other, (File 333-123936 - Apr. 8) (BR. 20)

S-8     VERISIGN INC/CA, 487 EAST MIDDLEFIELD ROAD, ATTN: GENERAL COUNSEL,
        MOUNTAIN VIEW, CA, 94043, 6509617500 -
        1,509,822 ($5,843,011.14) Equity, (File 333-123937 - Apr. 8) (BR. 03)

SB-2    HOUSTON OPERATING CO, 11145 W ROCKLAND DRIVE, LITTLETON, CO, 80127,
        5188997393 - 7,750,000 ($1.50) Other, (File 333-123938 - Apr. 8)
        (BR. 09)

F-6     China Techfaith Wireless Communication Technology LTD,
        3/F M8 WEST NO. 1,JIU XIAN QIAO, EAST ROAD, CHAO YANG DISTRICT,
        BEIJING, F4, 100016, 86-10 5822-8288 -
        150,000,000 ($7,500,000.00) ADRs/ADSs, (File 333-123939 - Apr. 8)
        (BR. 08)

S-3     DERMA SCIENCES, INC., 214 CARNEGIE CENTER, SUITE 100, PRINCETON, NJ,
        08540, 6095144744 - 5,718,000 ($2,973,360.00) Equity,
        (File 333-123940 - Apr. 8) (BR. 01)

SB-2    TNT DESIGNS INC, 305 MADISON AVE, SUITE 449, NEW YORK, NY, 10165,
        917-215-1222 - 792,500 ($79,250.00) Equity, (File 333-123941 - Apr. 8)
        (BR. 08)

F-6     Watchdata Technologies Ltd., NO. 2 WANHONG WEST STREET,
        CAPITAL AIRPORT ROAD, CHAOYANG DISTRICT, BEIJING, F4, 100015,
        011-86-10-6472-2288 - 100,000,000 ($5,000,000.00) ADRs/ADSs,
        (File 333-123942 - Apr. 8) (BR. 03)

S-8     SmartPros Ltd., 12 SKYLINE DRIVE, HAWTHORNE, NY, 10532, 9143452620 -
        882,319 ($3,785,081.98) Equity, (File 333-123943 - Apr. 8) (BR. 37)

S-4     TENET HEALTHCARE CORP, 13737 NOEL ROAD, DALLAS, TX, 75240,
        469-893-2200 - 0 ($800,000,000.00) Non-Convertible Debt,
        (File 333-123944 - Apr. 8) (BR. 01)

S-8     MID AMERICA APARTMENT COMMUNITIES INC, 6584 POPLAR AVE, STE 340,
        MEMPHIS, TN, 38138, 9016826600 - 200,000 ($7,300,000.00) Equity,
        0 ($7,300,000.00) Other, (File 333-123945 - Apr. 8) (BR. 08)

S-8     GENERAL DATACOMM INDUSTRIES INC, ROUTE 63, MIDDLEBURY, CT, 06762,
        2035741118 - 918,536 ($642,975.00) Equity, (File 333-123946 - Apr. 8)
        (BR. 37)

S-8     INTERNATIONAL MICROCOMPUTER SOFTWARE INC /CA/, 100 ROWLAND WAY,
        SUITE 300, NOVATO, CA, 94945, 4158784000 -
        1,177,189 ($1,389,083.00) Other, (File 333-123947 - Apr. 8) (BR. 03)

S-8     MANAGEMENT NETWORK GROUP INC, 7300 COLLEGE BLVD., STE 302,
        OVERLAND PARK, KS, 66210, 9133459315 - 150,000 ($279,862.50) Equity,
        (File 333-123948 - Apr. 8) (BR. 08)

S-8     GP STRATEGIES CORP, 777 WESTCHESTER AVENUE, FOURTH FLOOR, WHITE PLAINS,
        NY, 10604, 914-249-9700 - 4,994,157 ($35,833,076.48) Equity,
        (File 333-123949 - Apr. 8) (BR. 37)

S-3     STAPLES INC, 500 STAPLES DRIVE, P O BOX 9328, FRAMINGHAM, MA, 01702,
        5082535000 - 0 ($3,880,000.00) Equity, (File 333-123950 - Apr. 8)
        (BR. 02)

S-8     BENTLEY COMMERCE CORP, 7303 MERCHANT COURT, SARASOTA, FL, 34240,
        9418704952 - 150,000,000 ($450,000.00) Equity, (File 333-123951 -
        Apr. 8) (BR. 08)

N-2     RMR Preferred Dividend Fund, 400 CENTRE STREET, NEWTON, MA, 02458,
        (617) 332-9530 - 0 ($10,000,000.00) Equity, (File 333-123953 - Apr. 8)
        (BR. 18)

S-3     MID AMERICA APARTMENT COMMUNITIES INC, 6584 POPLAR AVE, STE 340,
        MEMPHIS, TN, 38138, 9016826600 - 0 ($109,500,000.00) Equity,
        (File 333-123954 - Apr. 8) (BR. 08)

S-8     INVICTA GROUP INC, 9553 HARDING AVE, SUITE 301, MIAMI BEACH, FL, 33154,
        3058666525 - 30,000,000 ($150,000.00) Equity, (File 333-123955 -
        Apr. 8) (BR. 05)

SB-2    GAMES INC, 425 WALNUT STREET, STE 2300, CINCINNATI, OH, 45202,
        5133810777 - 11,909,320 ($7,131,087.92) Equity, (File 333-123956 -
        Apr. 8) (BR. 03)

S-3     PARKERVISION INC, 8493 BAYMEADOWS WAY, JACKSONVILLE, FL, 32256,
        9047371367 - 3,600,000 ($28,713,600.00) Equity, (File 333-123957 -
        Apr. 8) (BR. 37)

S-3     PROTEIN DESIGN LABS INC/DE, 34801 CAMPUS DR, FREMONT, CA, 94555,
        5105741400 - 0 ($250,000,000.00) Debt Convertible into Equity,
        (File 333-123958 - Apr. 8) (BR. 01)

S-4     NTL CABLE PLC, NTL HOUSE, BARTLEY WOOD BUSINESS PARK, HOOK, HAMPSHIRE,
        X0, RG27 9UP, 011 44 1256 752 000 - 0 ($1,125,000,000.00) Other,
        (File 333-123959 - Apr. 8) (BR. )

S-4     OWENS BROCKWAY GLASS CONTAINER INC, OWENS-ILLINOIS INC, ONE SEAGATE,
        TOLEDO, OH, 43666, 4192475000 - 0 ($691,802,500.00) Other,
        (File 333-123960 - Apr. 8) (BR. 06)

N-2     Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund,
        THE EATON VANCE BUILDING, 255 STATE STREET, BOSTON, MA, 02109,
        617-482-8260 - 50,000 ($1,000,000.00) Equity, (File 333-123961 -
        Apr. 8) (BR. 16)

S-8     BLUE NILE INC, 705 FIFTH AVE S, STE 900, SEATTLE, WA, 98104,
        2063366700 - 0 ($24,849,214.74) Equity, (File 333-123962 - Apr. 8)
        (BR. 02)

S-3     SUNSET FINANCIAL RESOURCES INC, 10245 CENTURION PARKWAY, 3RD FLOOR,
        JACKSONVILLE, FL, 32256, 9044254099 - 0 ($2,922,000.00) Equity,
        (File 333-123963 - Apr. 8) (BR. 08)

N-2     Claymore S&P Equity Long/Short Index Fund, 2455 CORPORATE WEST DRIVE,
        LISLE, IL, 60532, 630-505-3700 - 40,000 ($1,000,000.00) Equity,
        (File 333-123964 - Apr. 8) (BR. )

S-3     AMLI RESIDENTIAL PROPERTIES TRUST, 125 S WACKER DR, STE 3100, CHICAGO,
        IL, 60606, 3124431477 - 0 ($95,910,000.00) Equity, (File 333-123966 -
        Apr. 8) (BR. 08)

S-3     TECHTEAM GLOBAL INC, 27335 W. ELEVEN MILE ROAD, SOUTHFIELD, MI, 48034,
        248-357-2866 - 0 ($7,620,698.80) Equity, (File 333-123967 - Apr. 8)
        (BR. 03)

S-3     GENVEC INC, 65 W WATKINS MILL RD, GAITHERSBURG, MD, 20878, 2406320740 -
        0 ($35,000,000.00) Equity, (File 333-123968 - Apr. 8) (BR. 01)

S-1     Refco Inc., ONE WORLD FINANCIAL CENTER, 200 LIBERTY STREET, TOWER A,
        NEW YORK, NY, 10281, 212-693-7000 - 0 ($575,000,000.00) Equity,
        (File 333-123969 - Apr. 8) (BR. )

N-2     Small Cap Premium & Dividend Income Fund, Inc., 800 SCUDDERS MILL ROAD,
        PLAINSBORO, NJ, 08563, 609-282-1212 - 50,000 ($1,000,000.00) Equity,
        (File 333-123970 - Apr. 8) (BR. )

S-3     DANIELSON HOLDING CORP, 40 LANE ROAD, FAIRFIELD, NJ, 07004,
        973-882-9000 - 0 ($421,200,000.00) Equity, (File 333-123971 - Apr. 8)
        (BR. 02)

F-3     ROYAL BANK OF SCOTLAND GROUP PLC, PO BOX 31, 42 ST ANDREW SQUARE,
        EDINBURGH SCOTLAND, X0, EH2 2YE, 442077144467 -
        10,000,000,000 ($10,000,000,000.00) Other, (File 333-123972 - Apr. 8)
        (BR. 07)

S-1     LUMERA CORP, 19910 NORTH CREEK PARKWAY, 19910 NORTH CREEK PARKWAY,
        BOTHELL, WA, 98011-3008, 425-415-6847 -
        5,604,233 ($28,833,778.78) Equity, (File 333-123973 - Apr. 8) (BR. 36)


RECENT 8K FILINGS


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

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

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

     


 				STATE     8K ITEM NO.
NAME OF ISSUER                CODE   				    		     DATE     COMMENT
------------------------------------------------------------------------------------------------
A CONSULTING TEAM INC                   NY       4.01,7.01                      04/07/05

AAMES INVESTMENT CORP                   MD       8.01,9.01                      04/05/05

ABX AIR INC                                      8.01,9.01                      04/06/05

ACCREDO HEALTH INC                      DE       8.01,9.01                      04/08/05

ACG HOLDINGS INC                        DE       1.01                           04/04/05

ADVANCED MARKETING SERVICES INC         DE       3.01,9.01                      04/04/05

AESP INC                                FL       1.02,8.01,9.01                 04/06/05

ALBANY INTERNATIONAL CORP /DE/          DE       8.01                           04/07/05

ALCOA INC                               PA       2.02,9.01                      04/06/05

ALICO INC                               FL       3.01,5.02,9.01                 04/01/05

ALLEGHANY CORP /DE                      DE       8.01                           04/08/05

ALLEGHENY ENERGY, INC                   MD       1.01,8.01,9.01                 04/08/05

Alliance Distributors Holding Inc.      DE       1.01,5.02,9.01                 04/07/05

ALLIANCE TOWERS INC                     FL       2.04,9.01                      03/31/05

AMERICAN BUSINESS FINANCIAL SERVICES    DE       1.01,2.04,2.05,5.02,8.01,9.01  03/29/05

AMERICAN EAGLE OUTFITTERS INC           DE       7.01,9.01                      04/06/05

American Home Mortgage Investment Tru   DE       2.01,9.01                      12/21/04    AMEND

AMERICAN LOCKER GROUP INC               DE       8.01                           04/08/05

AMPEX CORP /DE/                         DE       7.01,9.01                      04/07/05    AMEND

ARCH COAL INC                           DE       7.01,9.01                      04/06/05

ARCHIPELAGO HOLDINGS INC                DE       3.01                           04/08/05

ARRAY BIOPHARMA INC                     DE       8.01,9.01                      04/07/05

ARTISOFT INC                            DE       2.02,3.01,8.01,9.01            04/04/05

ARTS WAY MANUFACTURING CO INC           DE       8.01                           02/28/05

ASIAINFO HOLDINGS INC                   DE       1.01,9.01                      04/08/05

ASSET-BACKED PASS-THROUGH CERTIFICATE   DE       2.01,9.01                      03/24/05

ATMI INC                                DE       8.01,9.01                      04/07/05

AVON PRODUCTS INC                       NY       7.01,9.01                      04/08/05

AZZ INC                                 TX       2.02,8.01,9.01                 04/08/05

AZZ INC                                 TX       1.01                           04/07/05

BALSAM VENTURES INC                              4.01,9.01                      04/06/05

BANC OF AMERICA COMMERCIAL MORTGAGE I   DE       8.01,9.01                      04/08/05

BANCTRUST FINANCIAL GROUP INC           AL       1.01,9.01                      04/07/05

BAYVIEW FINANCIAL SECURITIES CO LLC     DE       8.01                           04/08/05

BAYVIEW FINANCIAL SECURITIES CO LLC     DE       8.01                           04/08/05

BEHRINGER HARVARD SHORT TERM OPPORTUN   TX       2.01,9.01                      04/08/05

BENCHMARK ELECTRONICS INC               TX       2.02,9.01                      04/08/05

BENIHANA INC                            DE       2.02,9.01                      04/08/05

BIG 5 SPORTING GOODS CORP               DE       3.01,9.01                      04/07/05

BIOCORAL INC                            DE       4.01                           04/05/05

BIOSOURCE INTERNATIONAL INC             DE       8.01,9.01                      04/07/05

BLACKROCK INC /NY                       DE       9.01                           01/31/05    AMEND

BNS HOLDING, INC.                                5.03,8.01,9.01                 04/04/05

BROOKFIELD HOMES CORP                   DE       2.02,9.01                      04/05/05

BROWN JORDAN INTERNATIONAL INC          FL       8.01                           03/28/05    AMEND

BROWN SHOE CO INC                       NY       7.01,8.01,9.01                 04/08/05

BUILD A BEAR WORKSHOP INC               DE       2.02,9.01                      04/07/05

CABLEVISION SYSTEMS CORP /NY            DE       8.01                           04/07/05

CALIFORNIA MICRO DEVICES CORP           CA       1.01                           04/05/05

CALLISTO PHARMACEUTICALS INC            DE       5.02                           04/04/05

CANARGO ENERGY CORP                     DE       7.01,9.01                      04/08/05

CAP ROCK ENERGY CORP                             5.02,7.01,9.01                 04/05/05

CAPITAL ONE FUNDING, LLC                         8.01,9.01                      04/01/05

CAPITALSOURCE INC                       DE       1.01                           04/04/05

CARDINAL HEALTH INC                     OH       7.01                           04/08/05

CARROLS CORP                            DE       4.02                           04/04/05

CASUAL MALE RETAIL GROUP INC            DE       8.01,9.01                      04/08/05

CBD Media Holdings LLC                  DE       2.02,9.01                      04/08/05

CBD MEDIA LLC                           DE       2.02,9.01                      04/08/05

CEDAR SHOPPING CENTERS INC              MD       1.01,2.02,9.01                 04/05/05

CELL ROBOTICS INTERNATIONAL INC         CO       7.01                           04/08/05

CENTERPOINT ENERGY INC                           8.01                           03/16/05

Centex Home Equity Loan Trust 2005-B    DE       8.01,9.01                      04/08/05

CENTRAL EUROPEAN MEDIA ENTERPRISES LT            8.01,9.01                      04/08/05

CENTRUE FINANCIAL CORP                  DE       2.01,9.01                      04/08/05

CFS BANCORP INC                         DE       4.01,9.01                      04/05/05

CHAMPIONLYTE HOLDINGS INC               FL       5.02,8.01,9.01                 03/29/05

CHARLOTTE RUSSE HOLDING INC                      5.02,9.01                      04/05/05

CHEMED CORP                             DE       8.01,9.01                      04/01/05

CIRCUIT CITY STORES INC                 VA       7.01                           04/08/05

CNL Hotels & Resorts, Inc.              MD       8.01                           04/08/05

Cobalis Corp                            NV       8.01                           02/23/05

COEUR D ALENE MINES CORP                ID       1.01                           04/07/05

COLLINS & AIKMAN CORP                   DE       1.01,9.01                      04/07/05

COMCAST CORP                            PA       5.02                           10/19/04    AMEND

COMLINK COMMUNICATIONS CO               NV       8.01                           04/08/05

COMMUNITY BANCORP /VT                   VT       2.02,9.01                      03/31/05

COMSYS IT PARTNERS INC                  DE       8.01,9.01                      04/08/05

CONNECTICUT LIGHT & POWER CO            CT       7.01,9.01                      04/07/05

CONSTAR INTERNATIONAL INC               DE       1.01,9.01                      04/07/05

COUNTRYWIDE FINANCIAL CORP              DE       1.01,9.01                      04/01/05

COUNTRYWIDE FINANCIAL CORP              DE       2.02,9.01                      04/08/05

COVAD COMMUNICATIONS GROUP INC          DE       2.02,9.01                      04/07/05

CROWN MEDIA HOLDINGS INC                DE       3.01,9.01                      04/05/05

CURTISS WRIGHT CORP                     DE       7.01,9.01                      04/07/05

DEL MONTE FOODS CO                      DE       1.01,9.01                      04/04/05

DEUTSCHE MORTGAGE & ASSET RECEIVING C   DE       8.01,9.01                      04/07/05

DEUTSCHE MORTGAGE & ASSET RECEIVING C   DE       8.01,9.01                      04/07/05

DIALYSIS CORP OF AMERICA                FL       8.01                           04/08/05

DIEDRICH COFFEE INC                     CA       2.02,4.02,9.01                 04/01/05    AMEND

DISCOVER CARD MASTER TRUST I            DE       8.01,9.01                      04/04/05

DIVIDEND CAPITAL TRUST INC              MD       2.01,9.01                      01/05/05    AMEND

DNAPRINT GENOMICS INC                   UT       1.01,2.03                      04/04/05

DOLLAR TREE STORES INC                  VA       7.01                           04/07/05

DOMINION HOMES INC                      OH       2.02,7.01,9.01                 04/07/05

DONNELLEY R R & SONS CO                 DE       5.02                           04/07/05

DOTRONIX INC                            MN       5.02                           04/06/05

DRAGON PHARMACEUTICAL INC               FL       7.01,9.01                      04/04/05

DTE ENERGY CO                           MI       1.01,9.01                      04/06/05

EAUTOCLAIMS, INC                        NV       5.02                           04/05/05

EDEN ENERGY CORP                        NV       3.02                           04/07/05

EDISON INTERNATIONAL                    CA       8.01                           03/31/05

EDISON MISSION ENERGY                   DE       8.01                           03/31/05

Education Realty Trust, Inc.            MD       1.01,9.01                      04/04/05

EL PASO CORP/DE                         DE       4.02,8.01,9.01                 04/08/05

ELCOM INTERNATIONAL INC                 DE       1.01,2.03,7.01,9.01            04/06/05

ELECTROGLAS INC                         DE       8.01,9.01                      04/07/05

Emrise CORP                             DE       5.02,8.01                      04/05/05

EMULEX CORP /DE/                        DE       2.02,9.01                      04/07/05

EQUUS II INC                            DE       7.01,9.01                      04/07/05

ESCALADE INC                            IN       2.02,9.01                      04/08/05

EVANS BOB FARMS INC                     DE       7.01,9.01                      04/05/05

EZ EM INC                               DE       2.02,9.01                      04/07/05

FACTORY CARD OUTLET CORP                DE       2.02,9.01                      04/07/05

FEDERATED DEPARTMENT STORES INC /DE/    DE       8.01,9.01                      04/07/05

FINOVA GROUP INC                        DE       7.01,8.01                      04/08/05

FIRST ALBANY COMPANIES INC              NY       1.01,9.01                      04/04/05

FOOT LOCKER INC                         NY       5.02                           04/07/05

FORD MOTOR CO                           DE       8.01,9.01                      04/08/05

FORD MOTOR CREDIT CO                    DE       8.01,9.01                      04/08/05

Foundation Coal Holdings, Inc.          DE       7.01,9.01                      04/05/05

FURNITURE BRANDS INTERNATIONAL INC      DE       1.01,5.02,8.01,9.01            04/07/05

GABLES REALTY LIMITED PARTNERSHIP       DE       5.02,9.01                      04/06/05

GABLES RESIDENTIAL TRUST                MD       5.02,9.01                      04/06/05

GANDER MOUNTAIN CO                      MN       2.02,9.01                      04/07/05

GAS TRANSMISSION NORTHWEST CORP         CA       4.01,9.01                      04/08/05

GERON CORPORATION                       DE       1.01,8.01,9.01                 04/05/05

GILLETTE CO                             DE       2.05                           04/07/05

GOLDMAN SACHS GROUP INC/                DE       1.01,5.03,9.01                 04/06/05

GOODYS FAMILY CLOTHING INC /TN          TN       2.02,9.01                      04/07/05

GS MORTGAGE SECURITIES CORP             DE       8.01,9.01                      04/08/05

GS MORTGAGE SECURITIES CORP             DE       8.01,9.01                      04/08/05

GTECH HOLDINGS CORP                     DE       5.02                           04/04/05

GUESS INC ET AL/CA/                     DE       5.02                           04/04/05

HANOVER CAPITAL MORTGAGE HOLDINGS INC   MD       4.02                           04/08/05

HARLAND JOHN H CO                       GA       1.01,7.01,9.01                 04/04/05

HIGHER EDUCATION FUNDING I              DE       8.01,9.01                      03/28/05

HONEYWELL INTERNATIONAL INC             DE       5.02                           04/08/05

HORTON D R INC /DE/                     DE       2.02,9.01                      04/07/05

HOUSERAISING, INC.                      NC       1.01                           04/04/05

HOUSTON AMERICAN ENERGY CORP            DE       8.01                           04/06/05

HUDSON UNITED BANCORP                   NJ       4.01,9.01                      04/08/05

HYPERTENSION DIAGNOSTICS INC /MN        MN       3.02                           03/31/05

IAS COMMUNICATIONS INC                  OR       1.01,9.01                      04/06/05

ICOA INC                                NV       1.02,2.03,9.01                 04/08/05

IMCLONE SYSTEMS INC/DE                  DE       1.01                           04/08/05

IMEDIA INTERNATIONAL INC                DE       2.02,9.01                      04/07/05

INFORMATION ANALYSIS INC                VA       4.01,9.01                      04/04/05

INNOVATIVE SOFTWARE TECHNOLOGIES INC    CA       5.02                           11/10/04

INNSUITES HOSPITALITY TRUST             OH       4.01                           04/04/05

INPUT OUTPUT INC                        DE       7.01,9.01                      04/04/05

INTERLAND INC /MN/                      MN       1.01,5.02,9.01                 04/04/05

INTERNATIONAL STEEL GROUP INC           DE       8.01,9.01                      04/08/05

INTERVOICE INC                          TX       1.01                           04/04/05

INVESTMENT TECHNOLOGY GROUP INC         DE       8.01,9.01                      04/08/05

IOMEGA CORP                             DE       1.01                           04/08/05

ISIS PHARMACEUTICALS INC                DE       1.01,9.01                      04/07/05

JACKSONVILLE BANCORP INC                IL       2.02,9.01                      04/08/05

KEANE INC                               MA       1.01                           04/06/05

LABRANCHE & CO INC                      DE       2.02,9.01                      04/08/05

LEVEL 3 COMMUNICATIONS INC              DE       1.01,9.01                      04/04/05

LIBERATE TECHNOLOGIES                   DE       2.01,8.01,9.01                 04/07/05    AMEND

LIBERTY SELF STOR INC                   MD       2.01,9.01                      04/05/05

LIGHTEN UP ENTERPRISES INTERNATIONAL    NV       1.01,5.01,5.02                 04/06/05

LIGHTPATH TECHNOLOGIES INC              DE       2.02                           04/08/05

LMIC INC                                DE       5.02,8.01                      04/01/05

LOWRANCE ELECTRONICS INC                DE       8.01                           04/08/05

MAGNUM HUNTER RESOURCES INC             NV       8.01,9.01                      04/08/05

MANAKOA SERVICES CORP                   NV       9.01                           10/15/04    AMEND

MARSH & MCLENNAN COMPANIES, INC.        DE       1.01,9.01                      04/07/05

MATTEL INC /DE/                         DE       1.01,9.01                      04/08/05

MAY DEPARTMENT STORES CO                DE       8.01,9.01                      04/08/05

MC SHIPPING INC                                  4.01                           04/08/05

MCKESSON CORP                           DE       7.01                           04/08/05

MDI, INC.                               DE       3.01                           04/08/05

MEDICORE INC                            FL       8.01                           04/08/05

MEDWAVE INC                             DE       4.01,9.01                      03/29/05    AMEND

MERCURY AIR GROUP INC                   NY       1.01,9.01                      04/06/05

Meritage Homes CORP                     MD       2.02,9.01                      04/07/05

MERRILL LYNCH MORTGAGE INVESTORS INC    DE       8.01,9.01                      04/08/05

MICHAELS STORES INC                     DE       8.01,9.01                      04/08/05

MIND2MARKET INC                         CO       3.03,5.03,9.01                 04/07/05

MISONIX INC                             NY       8.01,9.01                      04/08/05

MISSION ENERGY HOLDING CO               DE       8.01                           03/31/05

MOLECULAR IMAGING CORP                  DE       1.01,8.01                      04/01/05

MYRIAD GENETICS INC                     DE       7.01,9.01                      04/07/05

NASSDA CORP                             DE       8.01,9.01                      04/08/05

NATIONSRENT COMPANIES INC               DE       2.02,9.01                      04/07/05

NATURAL GAS SYSTEMS INC/NEW             NV       1.01,3.02,9.01                 04/04/05

NEIMAN MARCUS GROUP INC                 DE       5.03,9.01                      04/08/05

NEOMAGIC CORP                           DE       8.01,9.01                      04/07/05

NEUROLOGIX INC/DE                       DE       1.01                           04/04/05

NEW MEDIUM ENTERPRISES INC              NV       3.02,9.01                      04/07/05

NEW WORLD RESTAURANT GROUP INC          DE       8.01,9.01                      04/07/05

NEWARK GROUP, INC                       NJ       8.01                           04/07/05

NEWPARK RESOURCES INC                   DE       1.01                           04/07/05

NOBLE ENERGY INC                        DE       1.01,2.03,9.01                 04/04/05

NORDSTROM INC                           WA       4.02                           04/04/05

NORTHEAST UTILITIES                     MA       7.01,9.01                      04/07/05

NORTHLAND CABLE PROPERTIES SEVEN LIMI   WA       9.01                           04/07/05

NU SKIN ENTERPRISES INC                 DE       7.01,9.01                      04/06/05

NYFIX INC                               DE       3.01,9.01                      04/05/05

OCCUPATIONAL HEALTH & REHABILITATION    DE       2.02,9.01                      04/06/05

OHIO ART CO                             OH       2.01,9.01                      04/05/05

ONE LINK 4 TRAVEL INC                   DE       1.01,2.01                      04/08/05

ORBIT INTERNATIONAL CORP                DE       2.01                           04/04/05

ORMAT TECHNOLOGIES, INC.                DE       2.02,8.01                      04/08/05

PACIFIC CONTINENTAL CORP                OR       5.02,9.01                      04/06/05

PACIFIC GOLD CORP                       NV       1.01,3.02,9.01                 04/08/05

PARALLEL PETROLEUM CORP                 DE       1.01,9.01                      04/04/05

PARTY CITY CORP                         DE       2.02,9.01                      04/08/05

PAXSON COMMUNICATIONS CORP              DE       1.01,5.02,9.01                 03/14/05    AMEND

PDF SOLUTIONS INC                       DE       1.01                           04/08/05

PEABODY ENERGY CORP                     DE       1.01                           04/01/05

PEDIATRIX MEDICAL GROUP INC             FL       2.02,7.01,9.01                 04/08/05

PENN NATIONAL GAMING INC                PA       1.01,8.01,9.01                 04/08/05

PERFICIENT INC                          DE       3.01                           04/07/05

PHARMACOPEIA DRUG DISCOVERY INC         DE       5.02                           04/05/05

PHASE III MEDICAL INC/DE                DE       5.02                           04/04/05

PHELPS DODGE CORP                       NY       1.01,9.01                      04/04/05

PHYTOMEDICAL TECHNOLOGIES INC           NV       2.03,7.01,9.01                 04/05/04

PIER 1 IMPORTS INC/DE                   DE       2.02,9.01                      04/07/05

PLAINS ALL AMERICAN PIPELINE LP         DE       9.01                           12/31/04

POGO PRODUCING CO                       DE       2.02,9.01                      04/08/05

PORTLAND GENERAL ELECTRIC CO /OR/       OR       8.01                           04/06/05

PORTOLA PACKAGING INC                   DE       4.02                           04/08/05

PREMIER DEVELOPMENT & INVESTMENT INC    NV       2.02,9.01                      04/08/05

PROVECTUS PHARMACEUTICALS INC           NV       8.01,9.01                      04/04/05

PUBLIC CO MANAGEMENT CORP               NV       8.01,9.01                      04/07/05

QUINCY GOLD CORP.                       NV       5.02,9.01                      04/06/05

RAMP CORP                               DE       1.01,3.02                      04/05/05

RASER TECHNOLOGIES INC                  UT       5.03,9.01                      04/04/05

Refco Group Ltd., LLC                   DE       7.01,8.01,9.01                 04/08/05

RENT WAY INC                            PA       1.01                           04/04/05

RESCON TECHNOLOGY CORP                  WY       2.01,3.02,4.01,5.01,5.02,5.03  04/01/05

RESPIRONICS INC                         DE       2.02,7.01                      04/05/05

RETEK INC                               DE       5.01,5.02,9.01                 04/06/05

REXNORD CORP                            DE       1.01,9.01                      04/08/05

REYNOLDS AMERICAN INC                            5.02                           04/04/05

RFMSI Series 2005-S2 Trust              DE       8.01,9.01                      04/07/05

RITE AID CORP                           DE       5.02,9.01                      04/07/05

ROCKWELL  AUTOMATION INC                DE       1.01,8.01,9.01                 04/06/05

ROYALE ENERGY INC                       CA       2.02,9.01                      04/08/05

SAVOY RESOURCES CORP                    CO       5.02                           04/02/05

SCANSOFT INC                            DE       9.01                           11/14/04    AMEND

SCBT FINANCIAL CORP                     SC       8.01,9.01                      04/08/05

SCHEIB EARL INC                         DE       3.01                           04/06/05    AMEND

SCIENTIFIC GAMES CORP                   DE       1.01,9.01                      04/04/05

SECURITIZED ASSET BACKED RECEIVABLES             8.01,9.01                      04/06/05

SHOPKO STORES INC                       WI       1.01,8.01,9.01                 04/08/05

SiVault Systems, Inc.                   NV       7.01,9.01                      04/07/05

SKY PETROLEUM, INC.                     NV       3.02,8.01,9.01                 04/06/05

SoftBrands, Inc.                        DE       1.01,5.02,9.01                 04/05/05

Solexa, Inc.                            DE       1.01,9.01                      04/05/05

SOUTHERN PERU COPPER CORP/              DE       1.01,9.01                      04/04/05

STAGE STORES INC                        NV       8.01,9.01                      04/06/05

STAGE STORES INC                        NV       2.02,9.01                      04/07/05

STATE OF FRANKLIN BANCSHARES INC        TN       8.01,9.01                      04/07/05

STEWART & STEVENSON SERVICES INC        TX       7.01,9.01                      04/08/05

STONEPATH GROUP INC                     DE       1.01,2.02,9.01                 04/06/05

STRATS SM TRUST FOR IBM CORP SEC SERI            8.01,9.01                      03/29/05

STRATS(SM) Trust For Morgan Stanley S            8.01,9.01                      04/01/05

SYMS CORP                               NJ       1.01,2.02,8.01,9.01            04/08/05

SYNOVIS LIFE TECHNOLOGIES  INC          MN       5.02,9.01                      03/22/05    AMEND

TECHNICAL OLYMPIC USA INC               DE       5.02                           04/07/05

TELEGLOBE INTERNATIONAL HOLDINGS LTD             7.01,9.01                      04/08/05

TELEGLOBE INTERNATIONAL HOLDINGS LTD             7.01,9.01                      04/08/05    AMEND

TNX TELEVISION HOLDINGS INC             NV       1.01,2.03,3.02,9.01            04/06/05

TOFUTTI BRANDS INC                      DE       2.02,9.01                      04/08/05

TOLL BROTHERS INC                       DE       1.01,9.01                      04/08/05

TOO, INC.                               DE       4.02                           04/06/05

TOPPS CO INC                            DE       2.02                           04/07/05

TORCH OFFSHORE INC                      DE       1.01,9.01                      04/07/05

TOWER BANCORP INC                       PA       8.01,9.01                      03/31/05

TRANSCEND SERVICES INC                  DE       2.03,9.01                      04/06/05

TRANSCEND SERVICES INC                  DE       9.01                           01/31/05    AMEND

TRANSPRO INC                            DE       2.05,9.01                      04/06/05

TREY INDUSTRIES INC                     DE       2.02,9.01                      03/31/05

TRIARC COMPANIES INC                    DE       7.01,9.01                      04/08/05

TRINITY ENERGY RESOURCES INC                     7.01,9.01                      03/21/05

Trinsic, Inc.                           DE       3.01                           04/04/05

TRIZETTO GROUP INC                      DE       1.01,9.01                      01/01/05

UNIVERSAL FOOD & BEVERAGE COMPNY        NV       4.01,9.01                      03/31/05    AMEND

VARIAN MEDICAL SYSTEMS INC              DE       8.01,9.01                      04/08/05

VIISAGE TECHNOLOGY INC                  DE       3.01,9.01                      04/05/05

VIROPHARMA INC                          DE       1.02,9.01                      04/07/05

W HOLDING CO INC                        PR       1.01,9.01                      12/31/04

WaMu Mortgage Pass-Through Certificat   DE       9.01                           03/24/05

WARNACO GROUP INC /DE/                  DE       1.01,9.01                      04/06/05

WATSCO INC                              FL       1.02,9.01                      04/04/05

WEBMETHODS INC                          DE       2.02,7.01,9.01                 04/08/05

WELLS FARGO ASSET SECURITIES CORP       DE       8.01,9.01                      04/06/05

WELLS FARGO ASSET SECURITIES CORP       DE       8.01,9.01                      04/07/05

WESTPOINT STEVENS INC                   DE       8.01,9.01                      04/08/05

WFS Financial 2005-2 Owner Trust        CA       8.01,9.01                      03/31/05

WHITEHALL JEWELLERS INC                 DE       1.01,9.01                      04/06/05

WINFIELD CAPITAL CORP                   NY       1.01                           04/06/05

WIRELESS FACILITIES INC                 DE       5.02,9.01                      04/04/05

WORLDBID CORP                           NV       4.02,9.01                      04/07/05

YELLOW ROADWAY CORP                     DE       7.01,9.01                      04/08/05

ZAPATA CORP                             NV       5.03,8.01,9.01                 04/06/05

ZYMOGENETICS INC                        WA       5.02,9.01                      04/04/05