SEC NEWS DIGEST


Issue 2004-46                                                   March 9, 2004
     
     

COMMISSION ANNOUNCEMENTS
     

PAUL ROYE AND LORI RICHARDS TO TESTIFY

     Paul  F.  Roye,  Director  of the Commission's  Division  of  Investment
     Management, and Lori A. Richards, Director of the Commission's Office of
     Compliance Inspections and Examinations, will testify before the  Senate
     Committee on Banking, Housing and Urban Affairs on Wednesday, March  10,
     2004.   Mr.  Roye's  testimony  will  concern  the  Commission's  Recent
     Regulatory  Actions to Protect Mutual Fund Investors and  Ms.  Richards'
     testimony  will concern the Commission's Examinations of  Mutual  Funds.
     The  hearings will begin at 10:00 a.m. in Room 538 of the Dirksen Senate
     Office Building.
     
OFFICE  OF  THE CHIEF ACCOUNTANT AND DIVISION OF CORPORATION FINANCE  RELEASE
STAFF ACCOUNTING BULLETIN 105
     
     The  U.S.  Securities  and Exchange Commission's  Office  of  the  Chief
     Accountant and the Division of Corporation Finance announced  today  the
     release  of  Staff Accounting Bulletin (SAB) No. 105, "Loan  Commitments
     Accounted   for   as   Derivative  Instruments."   This   SAB   provides
     interpretive guidance that registrants should consider when  recognizing
     certain  loan commitments and emphasizes certain disclosure requirements
     that may be relevant in the context of mortgage banking activities.
     
     The  statements  in  SABs  are  not  rules  or  interpretations  of  the
     Commission, nor are they published as bearing the Commission's  official
     approval.  They represent interpretations and practices followed by  the
     Division  of Corporation Finance and the Office of the Chief  Accountant
     in  administering the disclosure requirements of the Federal  securities
     laws.
     
     For  further information, please contact John James, Greg Cross or  Eric
     Schuppenhauer, in the Office of the Chief Accountant at (202)  942-4400,
     or  Louise  Dorsey in the Division of Corporation Finance at (202)  942-
     2960.  (Press Rel. 2004-28)
     

ENFORCEMENT PROCEEDINGS


COMMISSION SUSTAINS PHLX DISCIPLINE OF BEARCAT, INC., SETH DIAMOND AND  PETER
FINEBERG

     The  Commission sustained disciplinary action by the Philadelphia  Stock
     Exchange  against  Bearcat,  Inc., a member of  the  Philadelphia  Stock
     Exchange,   Seth  Diamond,  Bearcat's  president,  and  Peter  Fineberg,
     Bearcat's secretary.

     The PHLX had found that Applicants participated in a scheme effected  by
     Salvatore DiAmbrosio, a stock execution clerk whom Diamond and  Fineberg
     hired  to  trade  stocks for Bearcats.  The PHLX found that  Applicants'
     conduct  violated  Exchange  Act  Section  10(b)  and  Rule  10b-5,  was
     inconsistent  with  just  and equitable principles  of  trade,  and  was
     detrimental  to  the Exchange's interest.  The PHLX further  found  that
     Applicants  improperly permitted DiAmbrosio to have  an  interest  in  a
     Bearcat  trading account; failed to supervise DiAmbrosio;  and  violated
     reporting  and  registration requirements.   PHLX  censured  Applicants,
     imposed  a  $500,000  joint  and several fine,  suspended  Bearcat  from
     membership for six months, and suspended both Fineberg and Diamond  from
     association for six months.

     When Applicants retained DiAmbrosio as a trader, DiAmbrosio was employed
     by  another  firm  as  a  stock execution clerk.   DiAmbrosio's  biggest
     customer  was  Binary  Traders, Inc.  As a  stock  execution  clerk  for
     Binary,  DiAmbrosio had access to Binary's proposed trades.   DiAmbrosio
     engaged in a fraudulent trading scheme in which he used computer journal
     entries  that  reflected offsetting purchases and sales  of  securities.
     The journal entries resulted in the customer (usually Binary) buying  or
     selling  the stock at an inferior price to Bearcat.  The journal entries
     transferred money from DiAmbrosio's customers to Bearcat and as a result
     to DiAmbrosio.

     The  Commission  concluded that Applicants participated in  DiAmbrosio's
     scheme. When Bearcat hired him, DiAmbrosio had no prior experience as  a
     trader.  Nonetheless, Diamond and Fineberg gave DiAmbrosio discretion to
     trade  through  a joint Bearcat trading account and to risk  substantial
     amounts  of Bearcat's capital.  The Applicants split the net profits  of
     DiAmbrosio's  trades 50/50 with DiAmbrosio.  Applicants did  not  inform
     DiAmbrosio's  other  employer  or the PHLX  of  their  arrangement  with
     DiAmbrosio  and  made  substantial efforts to keep their  employment  of
     DiAmbrosio a secret.  (Rel. 34-49375; File No. 3-11004)
     
COMMISSION  INSTITUTES  ADMINISTRATIVE  PROCEEDINGS  AGAINST  FORMER  GENERAL
COUNSEL OF BOSTON INVESTMENT FIRM

     The   Commission   announced  today  that  it  has   instituted   public
     administrative proceedings against Charles B. Spadoni of West  Hartford,
     Connecticut.   Spadoni served as vice-president and general  counsel  of
     Triumph Capital Group, Inc. (Triumph), a Boston investment firm,  during
     all times relevant to this matter.
     
     The Order Instituting Proceedings (Order) alleges that on Oct. 10, 2000,
     the  U.S. Attorney for the District of Connecticut indicted Spadoni  and
     others  for  their roles in a scheme involving investment of Connecticut
     state  pension  fund  assets  during  1998  by  the  then-Treasurer   of
     Connecticut (Treasurer).  The case was filed in the U.S. District  Court
     for the District of Connecticut, and is entitled U.S. v. Triumph Capital
     Group,  Inc. et al., Criminal No. 3:00CR-217 (EBB).  Among other things,
     the  indictment  charged  that Spadoni and  others  provided  consulting
     contracts valued at approximately $2 million to two close associates  of
     the  Treasurer as consideration for the Treasurer's decision to increase
     the  amount of the State of Connecticut pension fund investment with one
     of   Triumph's  private  equity  funds,  Triumph  Connecticut  II.   The
     indictment also charged Spadoni and one other party with obstruction  of
     justice concerning Spadoni's destruction of documents in and after  June
     1999 relevant to a grand jury investigation concerning the investment by
     the State of Connecticut pension fund.
     
     The  Order  also alleges that on July 16, 2003, a jury in  the  criminal
     action  returned  a guilty verdict against Spadoni.  The  verdict  found
     Spadoni  guilty  of: (a) one count of racketeering in  violation  of  18
     U.S.C.   1962(c) concerning acts of bribery and obstruction of  justice;
     (b)  one  count  of racketeering conspiracy in violation  of  18  U.S.C.
     1962(d)  concerning acts of bribery and obstruction of justice; (c)  one
     count  of  theft/bribery concerning programs receiving federal funds  in
     violation  of  18  U.S.C.   666(a)(2) and 2; (d)  four  counts  of  wire
     fraud/theft  of honest services in violation of 18 U.S.C.   1343,  1436,
     and  2; and (e) one count of obstruction of justice in violation  of  18
     U.S.C. 1503.
     
     A  hearing  will be held before an administrative law judge to determine
     what,  if any, remedial action is appropriate and in the public interest
     pursuant  to  Section 15(b) of the Securities Exchange Act  of  1934  or
     Section  203(f) of the Investment Advisers Act of 1940.  The  Commission
     directed  that  an  administrative law  judge  shall  issue  an  initial
     decision in this matter within 210 days from the date of service of  the
     Order  Instituting Proceedings. The Commission's civil injunctive action
     against   Spadoni,  filed  Oct.  10,  2000,  is  pending.   For  further
     information,  please  see  Litigation Release Numbers  18461  (Nov.  17,
     2003), 18436 (Oct. 30, 2003), 16834 (Dec. 19, 2000) and 16759 (Oct.  10,
     2000);  SEC  v.  Paul  J. Silvester et al., USDC  for  the  District  of
     Connecticut,  Civil  Action No. 3:00 CV 1941 (SRU));  United  States  v.
     Triumph  Capital  Group  et al. (United States District  Court  for  the
     District of Connecticut, Criminal Action No. 3:00 CR 217 (EBB)).   (Rel.
     34-49377; IA-2220; File No. 3-11424)
     
SEC OBTAINS FINAL JUDGMENT AGAINST MICHAEL BECKER

     The  Commission announced that the Honorable Clarence Cooper of the U.S.
     District Court for the Northern District of Georgia has entered a  final
     judgment  against  Michael  J.  Becker  (Becker)  of  Marietta,  Georgia
     directing payment of disgorgement in the amount of $191,127, along  with
     prejudgment  interest  thereon in the amount  of  $33,873,  and  waiving
     prejudgment interest in excess of that amount.  Becker consented to  the
     entry of the final judgment without admitting or denying the allegations
     of  the  Commission's  complaint and first  amended  complaint.   In  an
     earlier  order of Oct. 11, 2001, Becker, who had served as  Vista  2000,
     Inc.'s  (Vista)  vice  president  of  finance  and  administration,  was
     permanently  enjoined from further violations of Section  17(a)  of  the
     Securities Act of 1933 and Section 10(b) of the Securities Exchange  Act
     of 1934 and Rule 10b-5 thereunder.
     
     The  Commission's complaint and first amended complaint alleged a  wide-
     range  of  securities law violations, including that misstatements  were
     made  by  Vista in filings with the Commission.  The allegations against
     Becker  included  that  he  recorded various transactions  at  Vista  in
     contravention of generally accepted accounting principles,  and  engaged
     in  insider trading in Vista securities at a time when Vista's revenues,
     income, earnings per share, and assets were overstated.  [SEC v. Richard
     P.  Smyth,  Arnold E. Johns, Jr., Michael J. Becker and Alan  T.  Davis,
     Civil Action No. 1:01-CV-1344-CC, ND Ga.] (LR-18612; AAE Rel. 1970)

COURT HOLDS MICHAEL ALEXANDER IN CONTEMPT OF ASSET FREEZE ORDER

     On  March 5, U.S. District Judge William H. Alsup in San Francisco  held
     defendant  Michael Alexander of Solana Beach, California in contempt  of
     an  order  freezing  his  assets.  The court found  that  Alexander  had
     diverted  and  used  funds  for gambling  in  violation  of  two  orders
     prohibiting  such acts.  The court ordered Alexander to deposit  $33,183
     with  the clerk of the court by March 12, 2004, or failing that,  report
     to  the  United States Marshal for incarceration until further order  of
     the court.

     The  Commission filed an action against Alexander and others on Oct. 12,
     2003,  alleging that the defendants were conducting a fraudulent  scheme
     to raise funds for a purported mortgage lending business that guaranteed
     a  12% annual rate of return to investors.    [SEC v. THE ROSE FUND,  ET
     AL., Case No. 03-4593 WHA (N.D. Cal.)] (LR-18613)
     
COMMISSION SANCTIONS NIKOLAI SAFAVI

     On  March  9,  the  Commission  filed an injunctive  action  in  federal
     district court against Nikolai Safavi for creating a false Reuters  news
     report and publishing it on the Internet in an attempt to drive down the
     price  of  SINA  Corporation common stock so that  he  could  cover  his
     previously acquired short position at a profit.  The phony Reuters story
     falsely announced, among other things, that Goldman Sachs had just rated
     Sina  Corporation  a "Market Underperform" in a newly released  research
     report.    Just prior to Safavi's posting, SINA common stock was trading
     at  $44.55 per share.  Within half an hour of the posting, the price  of
     SINA  shares had dropped to $43.15 per share.  Safavi was able to  cover
     his short position and realize a minimal profit.   Without admitting  or
     denying the allegations set forth in the Commission's complaint,  Safavi
     consented  to  the entry of a final judgment permanently  enjoining  him
     from  future violations of Section 10(b) of the Securities Exchange  Act
     of  1934  and  Rule  10b-5 thereunder and imposing a  civil  penalty  of
     $25,000.    [SEC  v.  Nikolai Safavi, Civil Action No. 04-378-RBW  USDC,
     D.D.C.] (LR-18614)

SEC  SETTLES WITH FORMER CRITICAL PATH EXECUTIVE CHARGED WITH FINANCIAL FRAUD
AND INSIDER TRADING

     The  Commission today announced a settlement with Jonathan  A.  Beck,  a
     former sales vice president at Critical Path, Inc., a California company
     that  provides  email  services.   The Commission's  complaint-filed  in
     August  2002-alleged that Beck fraudulently participated in a scheme  to
     inflate  Critical Path's revenue and earnings for fiscal 2000, and  then
     illegally  sold 27,348 shares of the company's stock based on non-public
     information about the fraud and the company's true financial condition.
          
     Without   admitting  or  denying  the  Commission's  allegations,   Beck
     consented to the entry of a Final Judgment-entered by the U.S.  District
     Court  for  the  Northern District of California  on  March  1-that  (1)
     permanently enjoined Beck from violating Sections 10(b) and 13(b)(5)  of
     the Securities Exchange Act of 1934 (Exchange Act) and Exchange Act Rule
     10b-5  and  13b2-1, and from aiding and abetting violations of  Exchange
     Act  Sections  13(b)(2)(A) and 13(b)(2)(B);  and  (2)  ordered  Beck  to
     disgorge  $586,368  in  losses  he  avoided  from  transactions  in  the
     securities of Critical Path, Inc., together with pre-judgment  interest.
     Based  on  Beck's  sworn representations in his Statement  of  Financial
     Condition,  and other documents submitted to the Commission,  the  Court
     waived  payment  of  all  but $26,500 of the disgorgement,  waived  pre-
     judgment interest, and did not impose a civil penalty.
     
     In  a  related  criminal case-prosecuted by the U.S.  Attorney  for  the
     Northern  District of California-Beck pleaded guilty to insider  trading
     in  Critical  Path stock.  On Jan. 14, 2004, U.S. District  Judge  Alsup
     sentenced Beck to three months in prison, and to two years of supervised
     release.

     Beck  is the fifth former Critical Path executive to have settled  fraud
     charges  brought  by  the Commission.  In February 2002  the  Commission
     filed  a settled civil injunctive action against Critical Path's  former
     president  David A. Thatcher and a former sales vice president,  Timothy
     J. Ganley (Litigation Release No. 17353).  The Commission also suspended
     Thatcher   from  practicing  before  the  Commission  as  an  accountant
     (Exchange Act Release No. 45683).  In August 2002 the Commission filed a
     civil  injunctive action against William Rinehart (the  former  head  of
     Critical  Path's North and Latin American sales forces), Kevin P.  Clark
     (a  former  regional vice president of sales at the company),  and  Beck
     (Litigation  Release No. 17701).  Rinehart and Clark  settled  with  the
     Commission simultaneously with the filing of the complaint.
     
     In  February 2002 the Commission instituted and settled cease-and-desist
     proceedings  against Critical Path (Exchange Act Release No.  34-45393).
     [SEC v. William H. Rinehart, Jonathan A. Beck, and Kevin P. Clark, Civil
     Action No. C-02-4105 (WHA) NDCA]  (LR-18615; AAE Rel. 1971)
     
COMMISSION OBTAINS PRELIMINARY INJUNCTION IN $11 MILLION SECURITIES FRAUD  IN
SAN DIEGO
     
     On  March  1,  the  Commission obtained a preliminary  injunction  in  a
     securities  fraud  scheme perpetrated by Alfred Louis "Bobby"  Vassallo,
     Jr.,   53,   of   La   Jolla,  California,  and  his   company,   Presto
     Telecommunications, Inc. (Presto) of San Diego.  Presto, which  purports
     to  be an international telecommunications company "positioned to become
     Latin America's Premier Integrated Communications Provider," raised over
     $11  million  from the sale of securities.  Also on March  1,  the  U.S.
     District Court for the Southern District of California granted the other
     relief  that the Commission sought, including an order freezing Presto's
     and  Vassallo's  assets,  and the appointment  of  Thomas  Lennon  as  a
     permanent receiver over Presto.
     
     The Commission's complaint, filed on Jan. 27, 2004, in federal court  in
     San  Diego, alleges that the defendants induced more than 800  investors
     in  42  states  to invest in Presto with promises that the  company  has
     significant  business relationships with AT&T, Sprint, MCI,  and  Qwest.
     These   four  telecommunications  companies  had  purportedly  expressed
     interest  in  acquiring Presto or in making capital investments  in  the
     company.  Further, investors were advised that Presto is a "partner"  to
     and  has  "alliances" with Cisco Systems and Unisys.  Finally, investors
     were  told  that  the  U.S.  Commerce Department  was  lobbying  Mexican
     telecommunications regulators on Presto's behalf, and that  their  funds
     would  be  used  to  build and operate a telecommunications  network  in
     Mexico.
     
     According   to   the  complaint,  these  representations   were   false.
     Additionally, the complaint alleges that while Vassallo and others  have
     represented  that investor funds would be used to pay Presto's  business
     expenses,  primarily fiber optics and equipment, in  fact  only  16%  of
     investor  and  company  funds were used for  equipment  and  fiber,  and
     Vassallo  himself has misappropriated at least $1.2 million in  investor
     and  company  funds  for  personal expenses.   These  expenses  included
     jewelry,  luxury  automobiles,  a down payment  on  an  expensive  home,
     mortgage   payments,   home  improvements,  political   and   charitable
     contributions, and school tuition for his children.
     
     The  complaint  further  alleges  that  Presto  failed  to  disclose  to
     prospective  investors that the license its affiliated  entity  received
     from   the   Mexican  government  in  1998  to  operate   a   commercial
     telecommunications  network  in Mexico was,  in  fact,  the  subject  of
     revocation proceedings that commenced in 2001.
     
     The  Court's orders of March 1, preliminarily enjoin Presto and Vassallo
     from  future violations of the registration and antifraud provisions  of
     the  federal  securities laws, Sections 5(a),  5(c)  and  17(a)  of  the
     Securities Act of 1933 and Section 10(b) of Securities Exchange  Act  of
     1934  and Rule 10b-5 thereunder.  In addition to the preliminary  relief
     granted  on  March  1, the Commission seeks permanent  injunctions,  and
     other  relief, including disgorgement and civil penalties against Presto
     and  Vassallo.  [SEC v. Presto Telecommunications, Inc. and Alfred Louis
     Vassallo,  Jr.  aka  Bobby Vassallo, Civil Action No.  04CV00163IEG(POR)
     SDCA] (LR-18616)
     

INVESTMENT COMPANY ACT RELEASES
     

THE MERGER FUND VL, ET AL.

     An  order has been issued on an application filed by The Merger Fund  VL
     (Fund)  and Westchester Capital Management, Inc. (Westchester), granting
     relief  from  Sections  9(a), 13(a), 15(a)  and  15(b)  of  the  of  the
     Investment   Company  Act  and  Rules  6e-2(b)(15)  and   6e-3(T)(b)(15)
     thereunder to permit shares of the Fund or any other existing or  future
     investment company that is designed to fund insurance products  and  for
     which  Westchester  or  any of its affiliates may  serve  as  investment
     manager,   investment  advisor,  sub-advisor,  administrator,   manager,
     principal underwriter or sponsor, or any current or future series of the
     fund  or  such other investment company to be sold to and held  by:  (1)
     separate  accounts funding variable annuity and variable life  insurance
     contracts  issued  by  both affiliated and unaffiliated  life  insurance
     companies;  (2)  qualified pension and retirement plans outside  of  the
     separate  account  context;  (3)  unregistered  separate  accounts;  (4)
     Westchester  and  (5)  and certain general accounts  of  life  insurance
     companies.  (Rel. IC- 26380 - March 8)
     

HOLDING COMPANY ACT RELEASES
     

EXELON CORPORATION, ET AL.

     A  notice  has been issued giving interested persons until March  29  to
     request  a hearing on a proposal by Exelon Corporation (Exelon),  Exelon
     Generation  Company,  LLC;  PECO  Energy  Company;  Commonwealth  Edison
     Company  of  Indiana;  Exelon's nonutility  registered  holding  company
     subsidiaries  Exelon  Energy Delivery Company, LLC and  Exelon  Ventures
     Company,  LLC;  and Exelon's nonutility subsidiaries to engage,  through
     April  15,  2007,  in  a  series of financings and activities  including
     issuance  of  securities, hedging transactions, a money pool  agreement,
     and creation of certain subsidiary companies. (Rel. 35-27808)


SELF-REGULATORY ORGANIZATIONS
     

IMMEDIATE EFFECTIVENESS OF A PROPOSED RULE CHANGES

     A  proposed  rule change (SR-CHX-2004-09) and Amendment  No.  1  thereto
     filed by the Chicago Stock Exchange relating to membership dues and fees
     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 March 8.  (Rel. 34-49357)

     A  proposed  rule change (SR-CBOE-2004-14) and Amendment No.  1  thereto
     filed  by  the  Chicago  Board  Options  Exchange  to  adopt  rules  and
     procedures  governing the execution of complex orders involving  options
     and  security  futures  has become immediately 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 March 8.
     (Rel. 34-49367)
     
     A  proposed  rule change (SR-NYSE-2004-10) filed by the New  York  Stock
     Exchange  that  establishes a minimum price variation of ten  cents  for
     equity  securities trading on the NYSE at a price of $100,000 or  higher
     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 March 8.  (Rel. 34-49374)
     
PROPOSED RULE CHANGES

     The  Philadelphia Stock Exchange filed a proposed rule change  (SR-Phlx-
     2004-18)  to make permanent a pilot program relating to the  Book  Sweep
     Function of the Exchange's Automated Options Market System.  Publication
     of  the proposal is expected in the Federal Register during the week  of
     March 8.  (Rel. 34-49365)
    
     The  American Stock Exchange filed a proposed rule change (SR-Amex-2004-
     12)  relating  to  audit  committee meeting requirements  applicable  to
     registered  closed-end management investment companies.  Publication  of
     the  proposal  is expected in the Federal Register during  the  week  of
     March 8.  (Rel. 34-49371)
     
APPROVAL OF PROPOSED RULE CHANGES

     The  Commission approved a proposed rule change (SR-FICC-2003-08)  filed
     by  the  Fixed  Income Clearing Corporation, which allows  FICC  to  add
     adjustable-rate mortgage pass-through securities (ARMS) to its GCF  Repo
     service.   Publication of the order is expected in the Federal  Register
     during the week of March 8.  (Rel. 34-49372)
     
     The  Commission approved a proposed rule change (SR-FICC-2003-09) by the
     Fixed  Income Clearing Corporation to establish a comprehensive standard
     of  care  and  limitation of liability with respect to FICC's  Mortgage-
     Backed  Securities Division participants. Publication of  the  order  is
     expected in the Federal Register during the week of March 8.  (Rel.  34-
     49373)
     

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-4     MEDIANEWS GROUP INC, 1560 BROADWAY, STE 1450, DENVER, CO, 80202,
        7132953800 - 150,000,000 ($150,000,000.00) Non-Convertible Debt,
        (File 333-113365 - Mar. 8) (BR. 05)

S-8     AGRONIX INC, 1666 WEST 75TH AVE. - 2ND FL., VANCOUVER, BC., CANADA, A0,
        V6P 6G2, (604) 714-1606 - 5,000,000 ($925,000.00) Equity,
        (File 333-113366 - Mar. 8) (BR. 02)

S-3     ILINC COMMUNICATIONS INC, 2999 NORTH 44TH STREET, SUITE 650, PHOENIX,
        AZ, 85018, 6029521200 - 25,137,553 ($23,629,299.00) Equity,
        (File 333-113380 - Mar. 8) (BR. 03)

S-8     COLLEGIATE PACIFIC INC, 13950 SEMLAC, SUITE 200, DALLAS, TX, 75234,
        9722438100 - 0 ($4,830,000.00) Equity, (File 333-113381 - Mar. 8)
        (BR. 02)

S-11    GRANITE MORTGAGES 04-2 PLC,
        0 ($2,631,180,000.00) Mortgage Backed Securities, (File 333-113382 -
        Mar. 8) (BR. 05)

SB-2    CHILCO RIVER HOLDINGS INC, 1,032,000 ($103,200.00) Equity,
        (File 333-113383 - Mar. 8) (BR. 09)

S-3     BNP RESIDENTIAL PROPERTIES INC, C/O BODDIE NOELL PROPERTIES INC,
        3850 ONE FIRST UNION CENTER, CHARLOTTE, NC, 28202, 7049440100 -
        2,084,609 ($25,911,690.00) Equity,
        0 ($60,000,000.00) Unallocated (Universal) Shelf, (File 333-113384 -
        Mar. 8) (BR. 08)

S-8     UNIPRO FINANCIAL SERVICES INC, 1450 S. DIXIE HIGHWAY, SUITE 200,
        BOCA RATON, FL, 33432, 5612895175 - 1,000,000 ($1,000,000.00) Equity,
        (File 333-113385 - Mar. 8) (BR. 07)

N-2     LIBERTY ALL STAR EQUITY FUND, FEDERAL RESERVE PLZ, BOSTON, MA, 02210,
        6177226000 - 12,673,647 ($128,193,939.41) Equity, (File 333-113386 -
        Mar. 8) (BR. 18)

S-8     BENTLEY PHARMACEUTICALS INC, BENTLEY PARK, 2 HOLLAND WAY, EXETER, NH,
        03833, 6036586100 - 1,500,000 ($17,218,515.00) Equity,
        (File 333-113387 - Mar. 8) (BR. 01)

S-8     BENTLEY PHARMACEUTICALS INC, BENTLEY PARK, 2 HOLLAND WAY, EXETER, NH,
        03833, 6036586100 - 500,000 ($5,392,410.00) Equity, (File 333-113388 -
        Mar. 8) (BR. 01)

S-3     HARRIS INTERACTIVE INC, 135 CORPORATE WOODS, ROCHESTER, NY, 14623-1457,
        7162728400 - 404,166 ($3,463,702.62) Equity, (File 333-113389 - Mar. 8)
        (BR. 08)

S-8     TIMKEN CO, 1835 DUEBER AVE SW, CANTON, OH, 44706-2798, 3304713078 -
        350,000 ($7,791,000.00) Equity, (File 333-113390 - Mar. 8) (BR. 06)

S-8     TIMKEN CO, 1835 DUEBER AVE SW, CANTON, OH, 44706-2798, 3304713078 -
        5,000,000 ($111,300,000.00) Equity, (File 333-113391 - Mar. 8) (BR. 06)

S-8     HARRIS INTERACTIVE INC, 135 CORPORATE WOODS, ROCHESTER, NY, 14623-1457,
        7162728400 - 1,100,000 ($9,815,000.00) Equity, (File 333-113392 -
        Mar. 8) (BR. 08)

S-1     MORGAN STANLEY SPECTRUM SELECT LP,
        HARBORSIDE FINANCIAL CENTER PLAZA TWO, JERSEY CITY, NJ, 07311,
        2018764647 - 0 ($737,150,000.00) Limited Partnership Interests,
        (File 333-113393 - Mar. 8) (BR. 08)

S-8     TIMKEN CO, 1835 DUEBER AVE SW, CANTON, OH, 44706-2798, 3304713078 -
        10,000 ($222,600.00) Equity, (File 333-113394 - Mar. 8) (BR. 06)

S-8     CONEXANT SYSTEMS INC, 4000 MACARTHUR BLVD. K10-171, NEWPORT BEACH, CA,
        92660-3095, 9494839920 - 250,000 ($1,822,500.00) Equity,
        (File 333-113395 - Mar. 8) (BR. 36)

S-1     MORGAN STANLEY SPECTRUM STRATEGIC LP,
        HARBORSIDE FINANCIAL CENTER PLAZA TWO, JERSEY CITY, NJ, 07311,
        2018764647 - 0 ($177,360,000.00) Limited Partnership Interests,
        (File 333-113396 - Mar. 8) (BR. 08)

S-1     MORGAN STANLEY  SPECTRUM TECHNICAL LP, 1221 AVE. OF THE AMERICAS,
        NEW YORK, NY, 10020, 2127626549 -
        0 ($971,600,000.00) Limited Partnership Interests, (File 333-113397 -
        Mar. 8) (BR. 08)

S-1     MORGAN STANLEY SPECTRUM CURRENCY LP,
        HARBORSIDE FINANCIAL CENTER PLAZA TWO, JERSEY CITY, NJ, 07311,
        2018764646 - 0 ($381,250,000.00) Limited Partnership Interests,
        (File 333-113398 - Mar. 8) (BR. 08)

S-8     CONEXANT SYSTEMS INC, 4000 MACARTHUR BLVD. K10-171, NEWPORT BEACH, CA,
        92660-3095, 9494839920 - 44,000,000 ($320,760,000.00) Equity,
        (File 333-113399 - Mar. 8) (BR. 36)

SB-2    WIZZARD SOFTWARE CORP /CO, 424 GOLD WAY, PITTSBURGH, PA, 15213,
        8014241624 - 2,472,526 ($7,804,943.62) Equity, (File 333-113400 -
        Mar. 8) (BR. 03)

S-8     ANTEON INTERNATIONAL CORP, 3211 JERMANTOWNE ROAD, SUITE 700, FAIRFAX,
        VA, 22030-2801, (703) 246-0200 - 1,200,000 ($35,664,000.00) Equity,
        (File 333-113401 - Mar. 8) (BR. 03)

SB-2    GENESIS TECHNOLOGY GROUP INC, 777 YAMATO RD, SUITE 130, BOCA RATON, FL,
        33431, 5619889880 - 21,850,000 ($6,773,500.00) Equity,
        (File 333-113402 - Mar. 8) (BR. 08)

S-1     TESSERA TECHNOLOGIES INC, 3099 ORCHARD DRIVE, SAN JOSE, CA, 95134,
        4088940700 - 4,715,000 ($87,604,700.00) Equity, (File 333-113403 -
        Mar. 8) (BR. 36)

S-4     SERENA SOFTWARE INC, 2755 CAMPUS DRIVE, 3RD FLOOR, SAN MATEO, CA,
        94403-2538, 6505226600 - 0 ($119,434,772.00) Equity, (File 333-113405 -
        Mar. 8) (BR. 03)

S-3     VERILINK CORP, 256-327-2001 - 1,968,445 ($9,802,856.00) Equity,
        (File 333-113406 - Mar. 8) (BR. 37)

S-4     NORTH FORK BANCORPORATION INC, 275 BROAD HOLLOW RD, PO BOX 8914,
        MELVILLE, NY, 11747, 6318441004 - 0 ($856,922,644.71) Equity,
        (File 333-113407 - Mar. 8) (BR. 07)

SB-2    HOME DIRECTOR INC, 2525 COLLIER CANYON ROAD, -, LIVERMORE, CA, 94551,
        (925) 373 - 0438 - 0 ($23,400,878.93) Equity, (File 333-113408 -
        Mar. 8) (BR. 37)
     

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
------------------------------------------------------------------------------------------------
ACE LTD                                 D0                X           X      03/05/04

ACTIVISION INC /NY                      DE            X   X                  03/08/04

ADDVANTAGE TECHNOLOGIES GROUP INC       OK                X   X              02/12/04

ADVANCED NEUROMODULATION SYSTEMS INC    TX            X   X                  03/05/04

AEROFLEX INC                            DE            X   X                  03/05/04

AIRNET COMMUNICATIONS CORP              DE                            X      03/08/04

AIRSPAN NETWORKS INC                    WA      X         X                  12/23/03    AMEND

ALFACELL CORP                           DE            X                      03/08/04

ALION SCIENCE & TECHNOLOGY CORP         DE                            X      03/08/04

ALLIANCE RESOURCE PARTNERS LP           DE            X   X                  03/08/04    AMEND

AMBIENT CORP /NY                        DE            X   X                  03/04/04

AMERICAN AXLE & MANUFACTURING HOLDING   DE            X   X                  03/08/04

AMERICAN EXPRESS CREDIT ACCOUNT MASTE   DE            X   X                  03/01/04

AMERICAN EXPRESS CREDIT ACCOUNT MASTE   DE            X   X                  10/23/03

AMERICAS CARMART INC                    TX                X           X      03/02/04

AML COMMUNICATIONS INC                  DE            X   X                  03/08/04

AMSTAR FINANCIAL SERVICES INC           FL        X                          03/05/04

AQUILA  INC                             DE            X   X                  03/08/04

ARCH CHEMICALS INC                      VA            X   X                  03/08/04

ARCH COAL INC                           DE            X   X                  03/08/04

ARRAY BIOPHARMA INC                     DE            X   X                  03/08/04

ASYST CORP                                      X     X   X                  02/20/04

ATLANTIS BUSINESS DEVELOPMENT CORP      DE    X                              03/08/04

AVAILENT FINANCIAL INC                  DE          X     X                  03/03/04

AVNET INC                               NY            X   X                  03/05/04

BANC OF AMERICA MORTGAGE SECURITIES I   DE            X   X                  03/08/04

BEAR STEARNS ARM TRUST 2002-7           DE            X   X                  02/25/04

BEAR STEARNS ARM TRUST MORTGAGE PASS    NY            X   X                  02/25/04

BEAR STEARNS ARM TRUST MORTGAGE PASS                  X   X                  02/25/04

BEAR STEARNS ARM TRUST MORTGAGE PASS    DE            X   X                  02/25/04

BEAR STEARNS ARM TRUST MORTGAGE PASS    NY            X   X                  02/25/04

BEAR STEARNS COMPANIES INC              DE            X   X                  02/29/04

BEVERLY ENTERPRISES INC                 DE                    X              03/02/04

BRANDAID MARKETING CORP                 DE            X                      03/08/04    AMEND

BRUNSWICK CORP                          DE            X   X                  03/08/04

BUCKEYE PARTNERS L P                    DE                    X              03/05/04

BUCKLE INC                              NE                            X      03/04/04

BULLION RIVER GOLD CORP                 NV      X         X   X              03/04/04

CACHE INC                               FL                            X      03/08/04

CALGON CARBON CORPORATION               DE      X         X                  02/18/04    AMEND

CELOX LABORATORIES INC                  MN            X   X                  03/08/04

CHASE FUNDING INC                       NY            X   X                  02/20/04

CHESAPEAKE UTILITIES CORP               DE                X   X              03/08/04

CHEYENNE RESOURCES INC                  WY    X         X X                  02/23/04

CIB MARINE BANCSHARES INC               WI                            X      03/08/04

CITIZENS FINANCIAL SERVICES INC         PA            X                      03/08/04

CLAIRES STORES INC                      DE                X           X      03/04/04

CMGI INC                                DE                            X      03/08/04

COMMERCIAL CAPITAL BANCORP INC          NV            X   X                  03/08/04

CONNETICS CORP                          DE            X   X                  02/09/04

COOPER INDUSTRIES LTD                                     X           X      03/08/04

CORIXA CORP                             DE                X           X      03/08/04

CORVIS CORP                             DE            X   X                  03/08/04

COVANTA ENERGY CORP                     DE                X                  03/08/04

COWLITZ BANCORPORATION                  WA            X   X                  03/05/04

CREATIVE BEAUTY SUPPLY INC              NJ    X X     X   X                  01/28/04

CREDIT SUISSE FIRST BOSTON MORTGAGE S   DE            X                      03/08/04

CROSS MEDIA MARKETING CORP              DE            X   X                  02/20/04

CSFB MORT SEC CORP COMM MORT PAS THR    DE            X   X                  03/08/04

CYBEX INTERNATIONAL INC                 NY            X   X                  03/05/04

DELTA PETROLEUM CORP/CO                 CO            X                      03/08/04

DERMA SCIENCES INC                      PA            X   X                  02/25/04

DESERT MINING INC                       NV          X     X                  03/06/04    AMEND

DIGITAL ANGEL CORP                      DE            X   X   X              03/03/04

DIGITAL DESCRIPTOR SYSTEMS INC          DE          X     X                  03/05/04

EASTERN AMERICAN NATURAL GAS TRUST      DE                            X      12/31/03

EL PASO CORP/DE                         DE            X   X                  03/08/04

ENDOCARE INC                            DE            X   X                  02/20/04

ENPRO INDUSTRIES INC                    NC          X     X                  03/08/04    AMEND

EVERGREEN SOLAR INC                     DE                            X      03/03/04

EVOLVING SYSTEMS INC                    DE            X                      02/23/04

EVOLVING SYSTEMS INC                    DE                            X      03/08/04

EXTENDED STAY AMERICA INC               DE            X   X                  03/05/04

EXTENDED STAY AMERICA INC               DE            X   X                  03/08/04

EZENIA INC                              DE                X           X      03/08/04

FIRST DELTAVISION INC                   NV          X                        03/01/04

FIRST FINANCIAL BANCORP /CA/            CA                X   X              03/05/04

FIRSTENERGY CORP                        OH            X   X                  03/08/04

FRIENDLY ICE CREAM CORP                 MA            X   X                  03/03/04

GENERAL CHEMICAL INDUSTRIAL PRODUCTS    DE                    X              03/08/04

GENERAL ELECTRIC CO                     NY            X                      03/08/04

GENOME THERAPEUTICS CORP                MA                            X      03/05/04

GEO SPECIALTY CHEMICALS INC             OH                    X              03/08/04

GEORGIA GULF CORP /DE/                  DE                X   X              03/08/04

GLADSTONE COMMERCIAL CORP               MD      X         X                  12/23/03    AMEND

GOLD KIST INC                           GA            X   X                  03/05/04

GOLDEN SAND ECO-PROTECTION INC          FL    X           X                  02/23/04

GOLDEN STATE VINTNERS INC                             X   X                  03/08/04

GOTTSCHALKS INC                         DE            X                      03/01/04

GREAT LAKES REIT                        MD            X   X                  03/05/04

GREENPOINT FINANCIAL CORP               DE                X           X      03/08/04

GS MORTGAGE SECURITIES CORP             DE            X   X                  03/04/04

GULFMARK OFFSHORE INC                   DE                    X              03/08/04

HAIN CELESTIAL GROUP INC                DE            X   X                  03/05/04

HALLMARK FINANCIAL SERVICES INC         NV                X   X              03/05/04

HAMPSHIRE GROUP LTD                     DE                X                  12/31/03

HEICO CORP                              FL            X                      03/01/04

HEMPTOWN CLOTHING INC                   A1              X X                  02/20/04

HERSHA HOSPITALITY TRUST                MD                X           X      03/01/04

IMPERIAL OIL LTD                                              X              03/05/04

INCYTE CORP                             DE            X   X                  03/05/04

INDEPENDENCE HOLDING CO                 DE                            X      12/31/03

INNOVO GROUP INC                        DE            X   X                  03/05/04

INTEGRA LIFESCIENCES HOLDINGS CORP      DE            X                      03/08/04

INTERMOST CORP                          UT          X     X                  03/03/04

INVESTMENT TECHNOLOGY GROUP INC         DE            X                      03/08/04

ISLE OF CAPRI CASINOS INC               DE            X                      03/08/04

JANUS CAPITAL GROUP INC                 DE                    X              03/05/04

JO-ANN STORES INC                       OH                            X      03/08/04

KELLER MANUFACTURING CO                 IN                X   X              03/08/04

KMG CHEMICALS INC                       TX                            X      03/05/04

LA JOLLA PHARMACEUTICAL CO              DE            X   X                  03/05/04

LABARGE INC                             DE                X   X              03/08/04

LACLEDE STEEL CO /DE/                   DE            X   X                  02/23/04

LANCER CORP /TX/                        TX          X X   X                  03/01/04

LASERSIGHT INC /DE                      DE                X   X              01/31/04

LCA VISION INC                          DE            X                      03/08/04

LEUCADIA NATIONAL CORP                  NY            X   X                  03/05/04

LIPID SCIENCES INC/                     AZ            X   X                  03/08/04

LOEWS CORP                              DE                X   X              03/08/04

LONE STAR STEAKHOUSE & SALOON INC       DE                X           X      03/04/04

MAINE & MARITIMES CORP                                X                      03/08/04

MCDATA CORP                             DE            X                      03/05/04

MCDONALDS CORP                          DE                            X      03/05/04

MERIDIAN HOLDINGS INC                   CO            X       X              03/08/04

MONARCH CASINO & RESORT INC             NV      X                            02/20/04

MORTGAGE PASS-THROUGH CERTIFICATES SE   DE            X   X                  11/25/03

MS STRUCTURED ASSET CORP CBT SERIES 2   DE                X                  02/25/04

MS STRUCTURED SATURNS SERIES 2001-4     DE                X                  03/01/04

MS STRUCTURED SATURNS SERIES 2004-3     DE                X                  03/08/04

NATIONAL FUEL GAS CO                    NJ                    X              03/08/04

NBC ACQUISITION CORP                    DE                X   X              03/08/04

NCO GROUP INC                           PA                X   X       X      03/05/04

NEBRASKA BOOK CO                        KS                X   X              03/08/04

NEUROGEN CORP                           DE                            X      12/31/03

NISSAN AUTO RECEIVABLES 2004-A OWNER    DE            X   X                  02/25/04

NORTH BAY BANCORP/CA                    CA            X   X                  03/05/04

NORTH FORK BANCORPORATION INC           DE                X                  03/08/04

NUTRA PHARMA CORP                       CA      X                            02/20/04

NYMAGIC INC                             NY            X   X                  03/05/04

OLIN CORP                               VA            X   X                  02/03/04

OMEGA HEALTHCARE INVESTORS INC          MD            X   X                  03/08/04

OPSWARE INC                             DE      X         X                  02/20/04

ORANCO INC                              NV          X     X                  03/02/04

ORCHID BIOSCIENCES INC                                X   X                  02/27/04

PALMETTO REAL ESTATE TRUST              SC          X     X                  03/03/04

PHILLIPS VAN HEUSEN CORP /DE/           DE                X           X      03/08/04

PMA CAPITAL CORP                        PA                    X              03/08/04

PRIMA ENERGY CORP                       DE                X   X              03/08/04

PROGRESS SOFTWARE CORP /MA              MA                X                  12/23/03    AMEND

R H DONNELLEY CORP                      DE                    X              03/08/04

RESIDENTIAL ASSET MORTGAGE PRODUCTS I   DE            X   X                  03/05/04

RESIDENTIAL ASSET MORTGAGE PRODUCTS I   DE            X   X                  03/08/04

RURAL CELLULAR CORP                     MN            X   X                  03/08/04

SEQUOIA MORTGAGE FUNDING CORP           MD            X   X                  02/19/04

SEQUOIA MORTGAGE FUNDING CORP           MD            X   X                  02/20/04

SEQUOIA MORTGAGE FUNDING CORP           MD            X   X                  03/01/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SEQUOIA RESIDENTIAL FUNDING INC                       X   X                  02/20/04

SIGMATRON INTERNATIONAL INC             DE                X           X      03/08/04

SMUCKER J M CO                          OH            X   X                  03/07/04

STARBERRYS CORP                         NV          X                        12/15/02

STARBERRYS CORP                         NV          X                        02/05/04

STEINWAY MUSICAL INSTRUMENTS INC        DE                    X              03/05/04

STRUCTURED ASSET MORT INV INC BEAR ST   DE            X   X                  02/25/04

STRUCTURED ASSET MORT INV INC BEAR ST   DE            X   X                  02/25/04

STRUCTURED ASSET MORT INV INC BEAR ST   DE            X   X                  02/25/04

STRUCTURED ASSET MORT INV INC BEAR ST   DE            X   X                  02/25/04

STRUCTURED ASSET MORT INV MORT PASS T   NY            X   X                  02/25/04

STRUCTURED ASSET MORTGAGE INV INC MOR   NY            X   X                  02/25/04

SUNBURST ACQUISITIONS III INC           CO    X           X                  02/17/04

SYMBIAT INC                             DE            X   X                  03/05/04

SYNTHETIC TURF CORP OF AMERICA          NV      X         X                  01/07/03    AMEND

TANOX INC                               DE                    X              03/08/04

TEXAS INSTRUMENTS INC                   DE                            X      03/08/04

TIMBERLAND CO                           DE            X   X                  03/03/04

TOREADOR RESOURCES CORP                 DE                    X       X      03/03/04    AMEND

TOWER AUTOMOTIVE INC                    DE            X   X                  03/08/04

TRANS INDUSTRIES INC                    DE            X               X      03/04/04

TURINCO INC                             NV          X     X                  03/02/04

U S LIQUIDS INC                         DE            X   X                  03/04/04

VION PHARMACEUTICALS INC                DE            X   X                  03/08/04

VISTA MEDICAL TECHNOLOGIES INC          DE            X   X                  03/08/04

WARNACO GROUP INC /DE/                  DE                            X      03/08/04

WAVERIDER COMMUNICATIONS INC            NV                            X      03/08/04

WESTAFF INC                             DE                X           X      03/05/04

WILSHIRE FINANCIAL SERVICES GROUP INC   DE            X   X                  03/05/04

WINN DIXIE STORES INC                   FL            X                      03/08/04

WORKSTREAM INC                                        X   X                  03/08/04

WORLD HEALTH ALTERNATIVES INC           FL      X         X                  12/22/03    AMEND

XO COMMUNICATIONS INC                   DE                X   X              03/08/04