SEC NEWS DIGEST Issue 2006-99 May 23, 2006 COMMISSION ANNOUNCEMENTS MORE COMPANIES DECIDE TO FURNISH SEC REPORTS USING INTERACTIVE DATA Four months after offering significant new incentives for companies to furnish their financial information in computer-readable interactive data format, the Securities and Exchange Commission announced today that the list of participating firms has grown to 20. Interactive data holds the promise of transforming the static, text-only documents companies furnish with the SEC into dynamic financial reports that can be quickly and easily accessed and analyzed by millions of users. The growing number of participants was boosted by the addition of three new companies announced today: General Electric Company; PepsiCo, Inc.; and Banco Itaś Holding Financeira S.A. The now 20 firms that have joined the initiative thus far, including some of America's best-known publicly traded companies, will receive expedited reviews of their SEC registration statements and annual reports. For their part, the companies will furnish the financial data in their periodic reports to the SEC using the XBRL data-tagging format informally known as interactive data. The arrangement will last for at least one year, during which the firms will provide feedback to the SEC on their experience with interactive data. The information gained in this way will lead to a better understanding of how interactive data can improve the financial reporting process for investors, financial intermediaries, the SEC, and the companies themselves. Interactive data permits individual investors and analysts to quickly search for individual items of information from financial reports, such as net income, executive compensation, or mutual fund expenses. It also enables them to download selected information directly into financial software. In the near future, it is hoped that popular Internet applications will permit automatic, real-time delivery of SEC financial data direct to anyone's desktop. "Interactive data will vastly improve the delivery of financial information to individuals and institutions alike," said SEC Chairman Christopher Cox. "It has the potential to slash hours of waste, cost, and inefficiency - not just for the users of financial data, but for the companies that prepare it as well. Even more importantly, it will help level the playing field for tens of millions of average investors." "This is in keeping with all of our recent policy initiatives at the Commission, which are designed to improve the quality of disclosure for the average investor," Chairman Cox added. "Our aim is to empower everyday investors to make better decisions for their families, their retirement, their health care, their education and their savings." In another recent development in the move to interactive data, the Commission has announced that it will conduct the first in a series of interactive data roundtable discussions at the Commission's headquarters in Washington, D.C., on Monday, June 12, 2006. Topics will include discussions of what information is most helpful to investors, how to accelerate the use of new software that permits the dissemination of interactive financial data, and how to best design the SEC's disclosure requirements to take maximum advantage of the potential of interactive data. The June 12 roundtable will begin at 9:30 a.m. and will be open to the public with seating on a first-come, first-served basis. The roundtable will also be webcast at www.sec.gov. Additional details on the program agenda and panelists will be announced later this month. And on Tuesday, May 30, also in Washington, D.C., representatives of the SEC, including Chairman Christopher Cox, will participate in a conference at the American Enterprise Institute entitled "The SEC's Interactive Data Revolution: Improved Disclosure for Investors, Less Expensive Reporting for Companies." The Chairman will deliver the keynote address. Details on this program are available on the AEI website at http://aei.org/events. The companies that have already committed to furnish their financial information with the SEC using interactive data are: 3M Company Altria Group, Inc. Banco Itaś Holding Financeira S.A. Brazilian Petroleum Corporation Bristol-Myers Squibb Company The Dow Chemical Company General Electric Company Gol Intelligent Airlines, Inc. Infosys Technologies Limited Microsoft Corporation Mobile Reach International, Inc. Net Servicos De Comunicacao SA Old Mutual Capital, Inc. PepsiCo, Inc. Pfizer, Inc. R.R. Donnelley & Sons Company South Financial Group, Inc. United Technologies Corporation Xerox Corporation XM Satellite Radio Holdings, Inc. (Press Rel. 2006-79) ENFORCEMENT PROCEEDINGS FANNIE MAE TO PAY $400 MILLION PENALTY FOR ACCOUNTING FRAUD SEC AND OFHEO SETTLE ACTION AGAINST FANNIE MAE The Commission filed a settled enforcement proceeding charging the Federal National Mortgage Association (Fannie Mae), a shareholder- owned government-sponsored enterprise, with fraudulent accounting in violation of the anti-fraud, books and records, internal controls and reporting provisions of the Securities Exchange Act of 1934 (the Exchange Act) and the anti-fraud provisions of the Securities Act of 1933 (the Securities Act). In a related proceeding, the Office of Federal Housing Enterprise Oversight (OFHEO) reached a settlement with Fannie Mae. As a result of its settlement with both OFHEO and the Commission, Fannie Mae will pay a total civil penalty of $400 million to the U.S. government. The Commission filed a lawsuit in the United States District Court for the District of Columbia charging Fannie Mae with violations of Sections 10(b), 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 10b-5, 12b-20, 13a-1, 13a-11, and 13a-13 thereunder; and violations of Sections 17(a)(2) and (3) of the Securities Act. Without admitting or denying the Commission's allegations, Fannie Mae consented to the entry of a final judgment in the Commission's federal lawsuit enjoining Fannie Mae from further violations. In its federal court Complaint, the Commission charged that, between 1998 and 2004, Fannie Mae engaged in a financial fraud involving multiple violations of Generally Accepted Accounting Principles (GAAP) in connection with the preparation of its annual and quarterly financial statements. These violations had the effect, among other things, of falsely portraying stable earnings growth and reduced income statement volatility, and - for year-ended 1998 - of maximizing bonuses and achieving forecasted earnings. Specifically, in its Complaint the Commission alleged that Fannie Mae failed to comply with the accounting requirements of Statement of Accounting Standards (SFAS) 91, which requires companies to recognize loan fees, premiums and discounts as an adjustment over the life of the applicable loans. In the fourth quarter of 1998, by not recording the full adjustment required by SFAS 91, Fannie Mae understated its expenses and overstated its income by a pre-tax amount of $199 million. Management's decision to book an amount significantly less than the adjustment amount required by SFAS 91 resulted in the company not only exceeding Wall Street expectations, but also hitting the earnings per share target necessary to trigger maximum bonuses. In the periods that followed, Fannie Mae made other departures from SFAS 91, including the implementation of a SFAS 91 Policy in 2000. Fannie Mae's SFAS 91 Policy used a "precision threshold" to determine the SFAS 91 adjustment amount the company would record. There is no support for the use of a threshold in SFAS 91. Implementation of the Policy led to misstatements of SFAS 91 amortization in all periods from the fourth quarter of 2000 through the second quarter of 2004. The Commission alleges that, on at least one occasion, Fannie Mae booked income when it was within its own Policy threshold, with the effect of meeting its earnings targets. The Commission's Complaint also alleges that Fannie Mae failed to comply with the accounting requirements of SFAS 133, which governs the accounting for derivative instruments and hedging activities. Fannie Mae disregarded the requirements of SFAS 133 and qualified transactions for certain hedge accounting treatment based on erroneous interpretations and an unjustified reliance on materiality. By failing to comply with the requirements of SFAS 133, the company failed to qualify for hedge accounting. This failure led to the company issuing materially false and misleading financial statements for the periods covering the first quarter of 2001 through the second quarter of 2004. The vast majority of the anticipated restatement of at least an $11 billion reduction of previously reported net income is a result of Fannie Mae's improper hedge accounting. In its Complaint, the Commission also alleged improper accounting practices involving the estimation and maintenance of the Loan Loss Reserve, the process of classifying the company's portfolio securities, the amortization of debt issuance costs, the consolidation of certain securitization transactions, the accounting for Dollar Rolls, and the valuation of aircraft asset-backed securities, among others. Several of the transactions, acts, practices, or courses of business alleged in the Commission's Complaint were directed and/or implemented with the knowledge or approval of Fannie Mae's senior management acting within their scope of authority. In determining to accept Fannie Mae's settlement offer, the Commission considered the cooperation that Fannie Mae provided the Commission staff during its investigation. The Commission acknowledges the assistance of OFHEO in its investigation, which is continuing as to others. [SEC v Federal National Mortgage Association, Case No. 06- 00959 (RBW) USDC, D.D.C.] (LR-19710; Press Rel. 2006-80) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES A proposed rule change filed by the New York Stock Exchange relating to the NYSE Retail Trading Product and the NYSE Program Trading Product (SR-NYSE-2006-31) 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 May 22. (Rel. 34-53835) The Commission issued notice of immediate effectiveness of a proposed rule change (SR-Phlx-2006-33) filed by the Philadelphia Stock Exchange, relating to its payment for order flow program. Publication of the proposal is expected in the Federal Register during the week of May 22. (Rel. 34-53841) A proposed rule change (SR-Amex-2006-49) filed by the American Stock Exchange to extend until June 5, 2007, the Amex's pilot program for listing options on selected stocks trading below $20 at one-point intervals 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 May 22. (Rel. 34- 53843) PROPOSED RULE CHANGES A proposed rule change (SR-NYSE-2005-58) has been filed by the New York Stock Exchange regarding a proposal to Rule 312(f) to, among other changes, permit the recommendation of purchases and sales of shares of companies controlled and under common control with member organizations (other than Material Associated Persons), subject to appropriate customer disclosure of the relationship. Publication of the proposal is expected in the Federal Register during the week of May 22. (Rel. 34-53840) The Philadelphia Stock Exchange filed a proposed rule change (SR-Phlx- 2005-65) relating to the Exchange's Business Conduct Committee and disciplinary rules. Publication of the proposal is expected in the Federal Register during the week of May 22. (Rel. 34-53846) 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: . In most cases, this information is also available on the Commission's website: . SB-1 Patriot Power Corp., EAST JOHN STREET, CARSON CITY, NV, 89706, 604 685 7552 - 3,333,000 ($9,999,000.00) Equity, (File 333-134326 - May. 22) (BR. 09) S-3ASR HEWLETT PACKARD CO, 3000 HANOVER ST, MS 1050, PALO ALTO, CA, 94304, 6508571501 - 0 ($0.00) Other, (File 333-134327 - May. 22) (BR. 03C) S-4 PLAINS EXPLORATION & PRODUCTION CO, 700 MILAM STREET, SUITE 3100, HOUSTON, TX, 77002, 8322396000 - 0 ($1,199,391,419.75) Equity, (File 333-134328 - May. 22) (BR. 04A) S-4 SOLECTRON CORP, 847 GIBRALTAR DR, MILPITAS, CA, 95035, 4089578500 - 0 ($150,000,000.00) Non-Convertible Debt, (File 333-134329 - May. 22) (BR. 10C) N-2 CHILE FUND INC, C/O CREDIT SUISSE ASSET MGMT, LLC, 466 LEXINGTON AVENUE, NEW YORK, NY, 10017, 2128753500 - 0 ($997,600.00) Other, (File 333-134354 - May. 22) (BR. 17) S-8 NICE SYSTEMS LTD, 8 HAPNINA STREET, P.O.B. 690, RA'ANANA, L3, 43107, 972-9-775-3777 - 1,531,056 ($65,743,026.00) Equity, (File 333-134355 - May. 22) (BR. 03A) S-8 SIMMONS FIRST NATIONAL CORP, 501 MAIN STREET, C/O SIMMONS FIRST NATIONAL CORP, PINE BLUFF, AR, 71601, 8705411000 - 553,069 ($14,318,957.00) Other, (File 333-134356 - May. 22) (BR. 07A) SB-2 PACIFIC GOLD CORP, 157 ADELAIDE STREET WEST, STE. 600, TORONTO, A6, M5H 4E7, 416-214-1483 - 7,930,000 ($7,930,000.00) Debt Convertible into Equity, 8,177,000 ($2,453,100.00) Equity, (File 333-134357 - May. 22) (BR. 04A) S-8 COLONY BANKCORP INC, 115 SOUTH GRANT STREET, ., FITZGERALD, GA, 31750, 229-426-6000 - 0 ($2,123,800.00) Equity, (File 333-134358 - May. 22) (BR. 07A) S-3 FARMSTEAD TELEPHONE GROUP INC, 22 PRESTIGE PARK CIRCLE, EAST HARTFORD, CT, 06108, 8602820010 - 5,086,797 ($9,614,046.33) Equity, (File 333-134359 - May. 22) (BR. 10B) S-8 UNITY BANCORP INC /NJ/, 64 OLD HIGHWAY 22, CLINTON, NJ, 08809, 9087307630 - 0 ($3,525,000.00) Equity, (File 333-134360 - May. 22) (BR. 07A) S-8 SONIC INNOVATIONS INC, 2795 EAST COTTONWOOD PARKWAY, SUITE 660, SUITE 660, SALT LAKE CITY, UT, 84117-7261, 8013652800 - 789,474 ($3,963,159.48) Equity, (File 333-134361 - May. 22) (BR. 10C) SB-2 PATRIOT SCIENTIFIC CORP, 10989 VIA FRONTERA, SAN DIEGO, CA, 92127, 8586745000 - 22,184,442 ($18,634,931.28) Equity, (File 333-134362 - May. 22) (BR. 11C) SB-2 Red Lake Exploration Inc., 10168 LAWSON DRIVE, RICHMOND, A1, V7E 5M3, 604 961-0301 - 2,525,000 ($126,250.00) Equity, (File 333-134363 - May. 22) (BR. ) S-8 PAIN THERAPEUTICS INC, 6506248200 - 2,500,000 ($20,650,000.00) Equity, (File 333-134364 - May. 22) (BR. 01B) S-8 OPHTHALMIC IMAGING SYSTEMS, 221 LATHROP WAY, SUITE 1, SACRAMENTO, CA, 95815, 9166462020 - 1,500,000 ($2,041,103.00) Equity, (File 333-134368 - May. 22) (BR. 10C) S-3 UNIFIRST CORP, 68 JONSPIN RD, WILMINGTON, MA, 01887, (978) 658-8888 - 4,300,000 ($133,730,000.00) Equity, (File 333-134373 - May. 22) (BR. 11A) S-8 PENSON WORLDWIDE INC, 1700 PACIFIC AVE, STE 1400, DALLAS, TX, 75201, 2147651100 - 0 ($58,086,032.08) Equity, (File 333-134374 - May. 22) (BR. 07) S-8 SKYWORKS SOLUTIONS INC, 20 SYLVAN ROAD, WOBURN, MA, 01801, 6179355150 - 0 ($58,100,000.00) Equity, (File 333-134375 - May. 22) (BR. 10C) S-8 CAPITALSOURCE INC, 0 ($446,310,000.00) Equity, (File 333-134377 - May. 22) (BR. 07C) S-8 NEXTEST SYSTEMS CORP, 1901 MONTEREY RD, SAN JOSE, CA, 95112, 4088177200 - 3,863,459 ($37,501,160.11) Equity, (File 333-134378 - May. 22) (BR. 10B) S-8 SKYWEST INC, 444 S RIVER RD, ST GEORGE, UT, 84790, 8016343000 - 0 ($134,940,000.00) Equity, (File 333-134379 - May. 22) (BR. 05C) S-3 ISIS PHARMACEUTICALS INC, 1896 RUTHERFORD ROAD, CARLSBAD, CA, 92008, 7609319200 - 0 ($37,952,500.00) Equity, (File 333-134380 - May. 22) (BR. 01A) S-8 CLEAN HARBORS INC, 1501 WASHINGTON ST, 325 WOOD RD, BRAINTREE, MA, 02184, 6178491800 - 0 ($42,408,000.00) Equity, (File 333-134381 - May. 22) (BR. 06C) S-8 CLEAN HARBORS INC, 1501 WASHINGTON ST, 325 WOOD RD, BRAINTREE, MA, 02184, 6178491800 - 0 ($17,670,000.00) Equity, (File 333-134382 - May. 22) (BR. 06C) S-8 CORAUTUS GENETICS INC, 75 FIFTH STREET, NW, SUITE 313, ATLANTA, GA, 30308, 404-526-6200 - 0 ($790,000.00) Equity, (File 333-134383 - May. 22) (BR. 01A) S-8 MILLIPORE CORP /MA, 290 CONCORD ROAD, BILLERICA, MA, 01821, 978-715-4321 - 0 ($21,165,000.00) Equity, (File 333-134384 - May. 22) (BR. 10B) S-8 SYNTROLEUM CORP, 4322 SOUTH 49TH WEST AVENUE, TULSA, OK, 74107, 9185927900 - 750,000 ($5,407,500.00) Equity, (File 333-134386 - May. 22) (BR. 04C) S-8 MILLIPORE CORP /MA, 290 CONCORD ROAD, BILLERICA, MA, 01821, 978-715-4321 - 0 ($124,785,890.00) Equity, (File 333-134387 - May. 22) (BR. 10B) 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 Registrant's 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 Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics 6.01. ABS Informational and Computational Material. 6.02. Change of Servicer or Trustee. 6.03. Change in Credit Enhancement or Other External Support. 6.04. Failure to Make a Required Distribution. 6.05. Securities Act Updating Disclosure. 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: . In most cases, this information is also available on the Commission's website: . STATE NAME OF ISSUER CODE 8K ITEM NO. DATE COMMENT ------------------------------------------------------------------------------------------------------- ABAXIS INC CA 8.01,9.01 05/22/06 ACCESS WORLDWIDE COMMUNICATIONS INC DE 2.02,7.01,9.01 05/22/06 ADOBE SYSTEMS INC DE 1.01,5.02,9.01 05/18/06 ADOLOR CORP 1.01,9.01 05/18/06 ADVENTRX PHARMACEUTICALS INC DE 2.02,8.01,9.01 05/22/06 AGILYSYS INC OH 2.02,7.01,9.01 05/22/06 AGRONIX INC FL 1.01,2.01,3.03,5.01, 05/12/06 AMEND 5.02,5.06,9.01 AIR PRODUCTS & CHEMICALS INC /DE/ DE 7.01,9.01 05/22/06 ALION SCIENCE & TECHNOLOGY CORP DE 1.01 05/15/06 ALION SCIENCE & TECHNOLOGY CORP DE 8.01,9.01 05/22/06 ALKERMES INC PA 3.02,7.01 05/22/06 ALL AMERICAN SEMICONDUCTOR INC DE 2.02,9.01 05/22/06 ALLIED MOTION TECHNOLOGIES INC CO 4.01,9.01 05/17/06 ALMOST FAMILY INC DE 1.01,8.01 05/17/06 Alternative Loan Trust 2006-J2 DE 8.01,9.01 04/25/06 AMERICAN AIRLINES INC DE 8.01 05/22/06 AMERICAN EXPRESS CO NY 8.01 05/22/06 AMERICAN GREETINGS CORP OH 1.01,2.03,9.01 05/19/06 AMERICAN INTERNATIONAL GROUP INC DE 1.01,9.01 05/16/06 AMERICAN OIL & GAS INC NV 7.01,9.01 05/22/06 AMERICAN SCIENCE & ENGINEERING INC MA 2.02,9.01 05/19/06 AMIS HOLDINGS INC 1.01 05/17/06 AMR CORP DE 8.01 05/22/06 AMSOUTH BANCORPORATION DE 5.02,9.01 05/22/06 AMYLIN PHARMACEUTICALS INC DE 1.01,9.01 05/17/06 APAC CUSTOMER SERVICE INC IL 7.01,9.01 05/22/06 APPLIED MICRO CIRCUITS CORP DE 1.01,5.02 05/17/06 AQUA AMERICA INC PA 8.01 05/16/06 ARISTOTLE CORP DE 7.01,9.01 05/22/06 ARRHYTHMIA RESEARCH TECHNOLOGY INC /D DE 7.01,8.01,9.01 05/19/06 ARRIS GROUP INC DE 7.01,9.01 05/22/06 Ascend Acquisition Corp. DE 8.01,9.01 05/17/06 AMEND ASPEN INSURANCE HOLDINGS LTD D0 1.01,5.02,9.01 05/19/06 ASPYRA INC CA 2.02,9.01 05/22/06 ATHEROGENICS INC GA 8.01,9.01 05/22/06 ATLAS AMERICA INC DE 7.01 05/17/06 ATLAS PIPELINE PARTNERS LP DE 7.01 05/17/06 Aventura Holdings Inc. FL 1.01,5.01,5.02,8.01,9.01 05/16/06 AVONDALE INC GA 1.01,5.04,8.01,9.01 05/16/06 AZTAR CORP DE 3.03,9.01 05/22/06 BANK OF AMERICA CORP /DE/ DE 2.03 05/18/06 BANK ONE AUTO SECURITIZATION TRUST 20 DE 8.01,9.01 05/22/06 BELLAVISTA CAPITAL INC MD 1.01 05/22/06 BEVERLY HILLS BANCORP INC DE 1.01,2.03,3.02,9.01 05/16/06 BigString CORP DE 1.01,2.01,3.02,3.03, 05/19/06 5.03,8.01,9.01 BIODELIVERY SCIENCES INTERNATIONAL IN DE 1.01,3.02,9.01 05/16/06 BIW LTD CT 8.01,9.01 05/19/06 BOYKIN LODGING CO OH 1.01,8.01,9.01 05/19/06 BPI Energy Holdings, Inc. 2.02,9.01 05/18/06 BPZ ENERGY INC CO 1.01,4.02 05/16/06 BSD MEDICAL CORP DE 7.01,9.01 05/22/06 BUILDING MATERIALS HOLDING CORP DE 8.01 05/12/06 CACHE INC FL 2.02,2.05,2.06,9.01 05/15/06 CALPINE CORP DE 1.01,8.01,9.01 05/22/06 CALYPTE BIOMEDICAL CORP DE 7.01,9.01 05/18/06 CAMPBELL SOUP CO NJ 2.02,9.01 05/22/06 CANTEL MEDICAL CORP DE 1.01,2.05,8.01,9.01 05/16/06 CAPITAL CORP OF THE WEST CA 5.02,9.01 05/22/06 CAPSTONE TURBINE CORP DE 5.02 05/16/06 CAREER EDUCATION CORP DE 5.02 12/30/05 AMEND CAREER EDUCATION CORP DE 5.02 12/29/05 AMEND CAREER EDUCATION CORP DE 5.02 02/17/06 AMEND CARMIKE CINEMAS INC DE 3.01,9.01 05/16/06 CBIZ, Inc. DE 8.01,9.01 05/22/06 CBS CORP DE 8.01,9.01 05/22/06 CELLULAR TECHNICAL SERVICES CO INC DE 4.01,9.01 05/15/06 AMEND CELTRON INTERNATIONAL INC NV 2.01,9.01 01/06/06 AMEND CENTERSTATE BANKS OF FLORIDA INC FL 7.01,9.01 05/22/06 CHEROKEE INTERNATIONAL CORP DE 2.02,9.01 05/22/06 CHEVRON PHILLIPS CHEMICAL CO LLC DE 1.01,9.01 05/22/06 China 3C Group NV 5.02 05/17/06 CITIZENS BANCORP OF VIRGINIA INC VA 8.01,9.01 05/19/06 CITRIX SYSTEMS INC DE 5.02,9.01 05/22/06 CLOROX CO /DE/ DE 1.01,9.01 05/16/06 CNB Financial Corp. MA 1.01,9.01 05/18/06 CNET NETWORKS INC DE 8.01,9.01 05/22/06 CNL Hotels & Resorts, Inc. MD 2.02,9.01 05/19/06 COHU INC DE 1.01,9.01 05/22/06 COLONY RESORTS LVH ACQUISITIONS LLC NV 2.03,9.01 05/11/06 COMBINATORX, INC DE 8.01,9.01 05/22/06 COMMSCOPE INC DE 7.01,9.01 05/22/06 COMMUNICATIONS SYSTEMS INC MN 2.02,3.01,9.01 05/22/06 Compass Diversified Trust DE 1.01,2.01,2.03,3.02,9.01 05/16/06 COMPUCREDIT CORP GA 1.01,9.01 05/18/06 CONNETICS CORP DE 3.01,9.01 05/16/06 Core-Mark Holding Company, Inc. DE 2.02,9.01 05/19/06 CORNING INC /NY NY 7.01,9.01 05/22/06 CORTEX PHARMACEUTICALS INC/DE/ DE 1.01,9.01 05/16/06 CREDIT SUISSE (USA) INC DE 9.01 05/22/06 CROSSTEX ENERGY LP DE 8.01,9.01 05/22/06 CYBEX INTERNATIONAL INC NY 7.01,9.01 05/22/06 CYTRX CORP DE 4.02 05/20/06 DANAHER CORP /DE/ DE 2.01,9.01 05/22/06 Delek US Holdings, Inc. 8.01,9.01 05/22/06 DESIGN WITHIN REACH INC DE 2.02,9.01 05/16/06 DEVCON INTERNATIONAL CORP FL 9.01 03/06/06 AMEND Diamond Foods Inc DE 8.01 05/19/06 Diamond Foods Inc DE 7.01,9.01 05/22/06 DIEBOLD INC OH 8.01 05/16/06 DIGITAL RECORDERS INC NC 7.01,9.01 05/22/06 DILLARDS INC DE 2.02,9.01 05/20/06 DITECH COMMUNICATIONS CORP DE 1.01 05/16/06 DITECH COMMUNICATIONS CORP DE 5.03,7.01,9.01 05/18/06 DOBSON COMMUNICATIONS CORP OK 8.01,9.01 05/19/06 DOV PHARMACEUTICAL INC DE 7.01,9.01 05/22/06 DOVER SADDLERY INC 7.01,8.01,9.01 05/22/06 DSL NET INC DE 2.02,9.01 05/19/06 DTS, INC. DE 1.01 05/17/06 DYNAMIC LEISURE CORP MN 9.01 03/06/06 AMEND DYNAMIC MATERIALS CORP DE 5.02,9.01 05/22/06 DYNEGY INC /IL/ IL 7.01,9.01 05/22/06 DYNEGY INC /IL/ IL 5.03,7.01,9.01 05/19/06 EAGLE BROADBAND INC TX 3.02 05/18/06 EGL INC TX 1.01,9.01 05/16/06 ELECTRIC CITY CORP DE 1.01,9.01 05/19/06 ELEMENT 21 GOLF CO DE 1.01,2.03,3.02,9.01 05/22/06 ELEPHANT TALK COMMUNICATIONS INC CA 9.01 05/22/06 AMEND Emergency Medical Services CORP DE 1.01 05/19/06 ENDEAVOUR INTERNATIONAL CORP NV 8.01,9.01 05/22/06 ENDOCARE INC DE 1.01,9.01 05/18/06 ENHERENT CORP DE 7.01,9.01 05/22/06 EXAR CORP DE 1.01 05/16/06 EXELIXIS INC DE 5.05 05/16/06 EXPRESS SCRIPTS INC DE 7.01 05/22/06 EZ EM INC DE 1.01 05/16/06 FARMER BROTHERS CO CA 2.02,9.01 05/18/06 FARMER BROTHERS CO CA 1.01,9.01 05/18/06 FC FINANCIAL SERVICES INC NV 1.01,7.01,9.01 05/08/06 FIFTH THIRD AUTO TRUST 2004-A 8.01,9.01 05/22/06 FINANCIAL SECURITY ASSURANCE HOLDINGS NY 1.01,5.02,9.01 05/18/06 FIRST AMERICAN CORP CA 1.01,5.02,9.01 05/18/06 FIRST BANCSHARES INC /MS/ MS 8.01,9.01 05/22/06 FIRST FINANCIAL CORP /TX/ TX 1.01 05/16/06 Foundation Coal Holdings, Inc. DE 5.03,9.01 05/18/06 FRANKLIN RESOURCES INC DE 2.04,9.01 05/19/06 FRANKLIN STREET PROPERTIES CORP /MA/ 8.01,9.01 05/22/06 FREMONT GENERAL CORP NV 1.01,5.02,9.01 05/18/06 FTD Group, Inc. 8.01,9.01 05/22/06 GALLERY OF HISTORY INC NV 3.01,5.02 05/16/06 GB&T BANCSHARES INC GA 5.02,9.01 05/16/06 GENCO SHIPPING & TRADING LTD 5.03,9.01 05/18/06 GENELABS TECHNOLOGIES INC /CA CA 3.01,9.01 05/16/06 GENERAL MOTORS CORP DE 8.01,9.01 05/22/06 GENESIS HEALTHCARE CORP PA 3.01,7.01,9.01 05/17/06 GENLYTE GROUP INC DE 1.01 05/22/06 GERMAN AMERICAN BANCORP IN 5.03,9.01 05/22/06 GLIMCHER REALTY TRUST MD 1.01,2.03,9.01 05/18/06 GLIMCHER REALTY TRUST MD 2.05,2.06,7.01,9.01 05/18/06 GLOBAL AIRCRAFT SOLUTIONS, INC. AZ 2.02,7.01,9.01 05/22/06 GLOBAL INDUSTRIES LTD LA 1.01,9.01 05/22/06 GLOBAL MEDIA GROUP HOLDINGS INC DE 2.01,3.02,5.02,8.01,9.01 05/03/06 GOLDEN TELECOM INC DE 3.01,8.01,9.01 05/18/06 Golf Galaxy, Inc. MN 7.01,9.01 05/22/06 GOODRICH CORP NY 8.01,9.01 05/22/06 GOVERNMENT PROPERTIES TRUST INC 2.01,9.01 05/22/06 GRANT PARK FUTURES FUND LIMITED PARTN IL 7.01 04/30/06 GREEN MOUNTAIN COFFEE ROASTERS INC DE 7.01,9.01 05/22/06 GREENFIELD ONLINE INC DE 1.01,8.01 05/16/06 HALLIBURTON CO DE 5.03,9.01 05/17/06 Hana Biosciences Inc DE 8.01 05/19/06 HARTFORD LIFE INSURANCE CO CT 9.01 05/22/06 Health Partnership Inc. CO 8.01 05/22/06 HEARTLAND, INC. MD 5.02,8.01 05/22/06 HEWLETT PACKARD CO DE 5.02,5.03,9.01 05/18/06 HINES REAL ESTATE INVESTMENT TRUST IN 1.01 05/18/06 HSBC USA INC /MD/ MD 3.03,5.03,8.01,9.01 05/18/06 HURCO COMPANIES INC IN 2.02,9.01 04/30/06 HYPERTENSION DIAGNOSTICS INC /MN MN 8.01 05/18/06 I TRAX INC DE 5.02 05/17/06 ICOA INC NV 5.02 05/22/06 ICON INCOME FUND NINE LLC DE 8.01 04/20/06 IDACORP INC ID 1.01 05/22/06 IMMUNE RESPONSE CORP DE 3.02 05/18/06 IMMUNE RESPONSE CORP DE 3.02 05/18/06 AMEND IMPSAT FIBER NETWORKS INC DE 1.01 05/17/06 INHIBITEX, INC. 1.01 05/18/06 INNOVA HOLDINGS NV 1.01,2.01,2.03,3.02,9.01 05/16/06 INTEL CORP DE 3.03,5.03,9.01 05/17/06 INTERGRAPH CORP DE 7.01,9.01 05/22/06 INTERNATIONAL ELECTRONICS INC MA 4.01 05/22/06 INTERNATIONAL SMART SOURCING INC DE 1.01,1.02 05/19/06 INTRUSION INC DE 3.01,9.01 05/18/06 INVERNESS MEDICAL INNOVATIONS INC DE 2.05 05/16/06 IR BIOSCIENCES HOLDINGS INC DE 5.02 05/18/06 IRON MOUNTAIN INC DE 8.01,9.01 05/22/06 ITT INDUSTRIES INC IN 7.01,9.01 05/22/06 IVANHOE ENERGY INC 5.02,9.01 05/15/06 J P MORGAN CHASE & CO DE 9.01 05/18/06 J P MORGAN CHASE & CO DE 9.01 05/18/06 JAMESON INNS INC GA 1.01,9.01 05/22/06 JDS UNIPHASE CORP /CA/ DE 1.01,5.02 05/22/06 JK Acquisition Corp. 8.01,9.01 04/17/06 AMEND K-FED BANCORP 8.01 05/22/06 KERR MCGEE CORP /DE DE 1.01,9.01 05/22/06 KIRKLANDS INC 2.02,9.01 05/19/06 KOMAG INC /DE/ DE 8.01 05/22/06 LA JOLLA PHARMACEUTICAL CO DE 1.01,8.01,9.01 05/18/06 LANNETT CO INC DE 5.02,9.01 05/16/06 LASERSCOPE CA 1.01 05/21/06 LEE SARA CORP MD 1.01,3.03 05/18/06 LEUCADIA NATIONAL CORP NY 1.01 05/16/06 LEVI STRAUSS & CO DE 1.01,9.01 05/18/06 LIBERTY PROPERTY TRUST MD 1.01,9.01 05/18/06 LIFE SCIENCES RESEARCH INC MD 8.01 05/22/06 LIQUIDMETAL TECHNOLOGIES INC 1.01,2.03,3.02 05/17/06 LOWES COMPANIES INC NC 2.02,9.01 05/22/06 MAGELLAN HEALTH SERVICES INC DE 1.01,9.01 05/16/06 Magnum dOr Resources Inc 5.02 05/22/06 MAIN STREET RESTAURANT GROUP, INC. DE 1.01,3.03,9.01 05/19/06 MARITRANS INC /DE/ DE 1.01,9.01 05/16/06 MASSEY ENERGY CO DE 1.01 05/16/06 MASSEY ENERGY CO DE 8.01,9.01 05/22/06 MATHSTAR INC MN 1.01,9.01 05/18/06 MAX RE CAPITAL LTD 3.01,8.01,9.01 05/16/06 MCMORAN EXPLORATION CO /DE/ DE 9.01 05/22/06 MENTOR CORP /MN/ MN 2.02,9.01 03/31/06 MERGE TECHNOLOGIES INC WI 3.01,9.01 03/31/06 Meritage Homes CORP MD 1.02,5.02,9.01 05/17/06 MERIX CORP OR 7.01,9.01 05/19/06 META FINANCIAL GROUP INC DE 8.01,9.01 05/22/06 METRETEK TECHNOLOGIES INC DE 8.01 05/17/06 MGN TECHNOLOGIES, INC. A1 8.01 05/22/06 MIDWEST BANC HOLDINGS INC DE 1.01,7.01,9.01 05/19/06 MOBILE REACH INTERNATIONAL INC DE 1.01,3.02,9.01 05/22/06 MOLINA HEALTHCARE INC DE 7.01,9.01 05/18/06 MOSSIMO INC DE 2.02,9.01 05/22/06 MRS FIELDS FAMOUS BRANDS LLC DE 1.01 05/17/06 Myriad Entertainment & Resorts, Inc. 5.02 05/16/06 Myriad Entertainment & Resorts, Inc. 1.01,2.03,3.02,9.01 05/12/06 NATIONAL DENTEX CORP /MA/ MA 1.01,9.01 05/16/06 National Interstate CORP OH 5.02,8.01,9.01 05/19/06 NATIONAL RETAIL PROPERTIES, INC. MD 2.01,7.01,9.01 05/16/06 AMEND NATUS MEDICAL INC DE 2.04 05/16/06 Navstar Media Holdings, Inc. NV 2.01,9.01 03/11/06 NCO GROUP INC PA 5.02,9.01 05/16/06 NETBANK INC GA 7.01,9.01 05/19/06 NETWOLVES CORP NY 2.02,9.01 05/18/06 NEWS CORP 8.01,9.01 05/22/06 North Atlantic Holding Company, Inc. DE 4.01,9.01 05/16/06 NORTH ATLANTIC TRADING CO INC NY 4.01,9.01 05/16/06 NORTH PITTSBURGH SYSTEMS INC PA 8.01,9.01 05/22/06 NORTHERN STATES FINANCIAL CORP /DE/ DE 8.01 05/17/06 NORTHERN STATES POWER CO MN 1.01,2.03,8.01,9.01 05/18/06 NORTHERN TECHNOLOGIES INTERNATIONAL C DE 1.01,9.01 05/18/06 NORTHWEST BANCORP INC PA 8.01,9.01 05/19/06 Novelis Inc. A6 2.02,9.01 05/16/06 NTS REALTY HOLDINGS LP DE 2.01,9.01 05/18/06 NYSE Group, Inc. DE 8.01,9.01 05/22/06 OCCAM NETWORKS INC/DE DE 8.01,9.01 05/19/06 ONTV INC DE 8.01,9.01 05/22/06 ORASURE TECHNOLOGIES INC DE 5.02,9.01 05/19/06 ORCHID CELLMARK INC 2.02,3.01,8.01,9.01 05/16/06 OSI RESTAURANT PARTNERS, INC. DE 7.01,9.01 05/22/06 PEPCO HOLDINGS INC DE 7.01,9.01 05/22/06 PERINI CORP MA 7.01,8.01,9.01 05/22/06 PERMIAN BASIN ROYALTY TRUST TX 2.02,9.01 05/19/06 POWER TECHNOLOGY INC/CN NV 2.01,9.01 05/16/06 PRESSURE BIOSCIENCES INC MA 4.02,9.01 05/17/06 PRO DEX INC CO 2.02,9.01 05/22/06 PROCERA NETWORKS INC NV 2.01,3.02,7.01,9.01 05/18/06 PROGRESS ENERGY INC NC 7.01,9.01 03/31/06 PROGRESSIVE GAMING INTERNATIONAL CORP NV 3.01 05/16/06 PROTECTION ONE INC DE 5.02 04/28/06 PS BUSINESS PARKS INC/CA CA 1.01,3.03,5.03,7.01,9.01 05/18/06 PSB BANCORP INC PA 5.02 05/19/06 Red Lion Hotels CORP WA 1.01,9.01 05/16/06 REDENVELOPE INC DE 7.01,9.01 05/22/06 RELIANT ENERGY INC DE 1.01,8.01,9.01 05/17/06 RESIDENTIAL CAPITAL CORP DE 7.01 05/16/06 AMEND RIGHTNOW TECHNOLOGIES INC MT 7.01,9.01 05/22/06 ROCHESTER MEDICAL CORPORATION MN 1.01 05/17/06 RONSON CORP NJ 8.01,9.01 05/17/06 RUSH FINANCIAL TECHNOLOGIES INC TX 2.01,7.01,9.01 03/30/06 SAFETY COMPONENTS INTERNATIONAL INC DE 2.02,8.01,9.01 05/16/06 SALIX PHARMACEUTICALS LTD 8.01,9.01 05/22/06 SAN JUAN BASIN ROYALTY TRUST TX 2.02,9.01 05/19/06 SANTARUS INC DE 7.01 05/22/06 SBT Bancorp, Inc. CT 1.01,8.01,9.01 04/25/06 SCIENCE DYNAMICS CORP DE 1.01,9.01 05/16/06 SCOTIA PACIFIC CO LLC DE 8.01 05/19/06 Securitized Asset Backed Receivables 8.01,9.01 05/03/06 SEMOTUS SOLUTIONS INC NV 1.01,9.01 05/16/06 SIERRA MONITOR CORP /CA/ CA 1.01,9.01 05/16/06 SIPEX CORP DE 1.01,2.03,3.02,8.01,9.01 05/16/06 SJW CORP CA 7.01 05/17/06 SMITH & WOLLENSKY RESTAURANT GROUP IN DE 2.02,9.01 05/16/06 SMURFIT STONE CONTAINER CORP DE 7.01,9.01 05/22/06 Solexa, Inc. DE 1.01,9.01 05/16/06 SOVEREIGN BANCORP INC PA 8.01,9.01 05/22/06 SPECTRANETICS CORP DE 1.01 05/16/06 ST MARY LAND & EXPLORATION CO DE 1.01,9.01 05/22/06 STEM CELL INNOVATIONS, INC. DE 9.01 05/22/06 AMEND STRATS SM TRUST FOR AT&T CORP SEC S 8.01,9.01 05/15/06 STRATS TRUST FOR BELLSOUTH TELECOM SE 8.01,9.01 05/15/06 STREICHER MOBILE FUELING INC FL 2.02,9.01 05/22/06 STREICHER MOBILE FUELING INC FL 5.02,9.01 05/19/06 STUDIO ONE MEDIA, INC. DE 4.01 05/19/06 AMEND SUNGARD DATA SYSTEMS INC DE 1.01,9.01 05/16/06 SUPERIOR BANCORP DE 5.03,7.01,9.01 05/18/06 SYBRON DENTAL SPECIALTIES INC DE 1.02,2.04,5.01,5.02,9.01 05/16/06 SYNNEX CORP DE 1.01,2.03,9.01 05/17/06 TALEO CORP DE 2.02,5.02,9.01 05/22/06 TARGET RECEIVABLES CORP MN 8.01,9.01 05/22/06 TARGET RECEIVABLES CORP MN 8.01,9.01 05/22/06 TEAM FINANCIAL INC /KS KS 1.01 05/16/06 TEKELEC CA 3.01 05/17/06 TORRENT ENERGY CORP CO 1.01,9.01 05/09/06 TRUE RELIGION APPAREL INC NV 1.01,9.01 05/17/06 UNITED SECURITY BANCSHARES INC DE 5.02,5.03 05/22/06 VALSPAR CORP DE 8.01 01/20/06 VCA ANTECH INC DE 8.01 05/22/06 VeriFone Holdings, Inc. DE 2.02,9.01 05/22/06 VIASPACE Inc. NV 8.01,9.01 05/19/06 VIROPHARMA INC DE 7.01,9.01 05/21/06 VIROPHARMA INC DE 1.01,5.02,9.01 05/19/06 Vistula Communications Services, Inc. DE 1.01,3.02,9.01 05/19/06 VITALSTREAM HOLDINGS INC NV 1.01,2.01,3.02,7.01,9.01 05/19/06 Volkswagen Auto Lease Trust 2004-A DE 8.01,9.01 05/22/06 Volkswagen Auto Lease Trust 2005-A 8.01,9.01 05/22/06 VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2 8.01,9.01 05/22/06 VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2 DE 8.01,9.01 05/22/06 Volkswagen Auto Loan Enhanced Trust 2 8.01,9.01 05/22/06 Volkswagen Credit Auto Master Owner T DE 8.01,9.01 05/22/06 VOLTERRA SEMICONDUCTOR CORP 1.01,9.01 05/17/06 Wauwatosa Holdings, Inc. WI 1.01,9.01 05/16/06 WCI COMMUNITIES INC 1.01,9.01 05/17/06 WEGENER CORP DE 5.03,8.01,9.01 05/17/06 WELLCO ENTERPRISES INC NC 3.01 05/22/06 WEYERHAEUSER CO WA 1.01,9.01 02/15/06 AMEND WQN, Inc. 1.01 05/17/06 XCEL ENERGY INC MN 2.02,9.01 05/22/06 XFONE INC NV 5.02,9.01 05/17/06 YRC WORLDWIDE INC DE 1.01,9.01 05/19/06 Zumiez Inc 1.01 05/16/06