SEC NEWS DIGEST Issue 2005-05 January 7, 2005 RULES AND RELATED MATTERS ADOPTION OF TEMPORARY RULE The Commission has issued a release adopting temporary Rule 202(a)(11)T under the Investment Advisers Act of 1940 (Advisers Act) that addresses the application of the Advisers Act to broker-dealers offering certain types of brokerage programs. Under the rule, a broker-dealer providing nondiscretionary advice that is solely incidental to its brokerage services is excepted from the Advisers Act regardless of whether it charges an asset-based or fixed fee (rather than commissions, mark-ups, or mark-downs) for its services. The temporary rule also provides that broker-dealers are not subject to the Advisers Act solely because they offer full-service brokerage and discount brokerage services, including execution-only brokerage, for reduced commission rates. The temporary rule will expire on April 15, 2005. FOR FURTHER INFORMATION, PLEASE CONTACT: Robert L. Tuleya, Senior Counsel, Office of Investment Adviser Regulation, at 202-942-0719 or IArules@sec.gov, Division of Investment Management, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549- 0506. (Rel. 34-50979) PROPOSED RULE The Commission has issued a release proposing a new rule under the Investment Advisers Act of 1940 (Advisers Act) that would address the application of the Advisers Act to broker-dealers offering certain types of brokerage programs. Under the proposed rule, a broker-dealer providing nondiscretionary advice that is solely incidental to its brokerage services would be excepted from the Advisers Act regardless of whether it charges an asset-based or fixed fee (rather than commissions, mark-ups, or mark-downs) for its services. The rule would also state that exercising investment discretion is not solely incidental to brokerage business, and thus, a broker-dealer providing discretionary advice would be deemed to be an investment adviser under the Advisers Act. In addition, under the rule, broker-dealers would not be subject to the Advisers Act solely because they offer full-service brokerage and discount brokerage services, including electronic brokerage, for reduced commission rates. Finally, the Commission is proposing to issue a statement of interpretive position that would clarify when certain broker-dealer advisory services, including financial planning, are solely incidental to brokerage business. The proposal will be issued for a 30-day public comment period prior to being considered for final adoption by the Commission. FOR FURTHER INFORMATION, PLEASE CONTACT: Robert L. Tuleya, Senior Counsel, Office of Investment Adviser Regulation, at 202-942-0719 or IArules@sec.gov, Division of Investment Management, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549- 0506. (Rel. 34-50980; IA-2340) ENFORCEMENT PROCEEDINGS IN THE MATTER OF DERRICK MCKINNEY An Administrative Law Judge issued an Order Making Findings and Imposing Remedial Sanction by Default (Default Order) in the matter of Derrick N. McKinney. The Order Instituting Proceedings alleged that the U.S. District Court for the Southern District of Ohio permanently enjoined McKinney from future violations of Section 17(a) of the Securities Act of 1933 and Sections 10(b), 15(a), and 15(c)(1) of the Securities Exchange Act of 1934 and Rules 10b-5 and 15c1-2 thereunder. The district court also ordered McKinney to disgorge $54,200, plus $16,499 in pre-judgment interest, and held him jointly and severally liable for $1,434,757 of disgorgement and $294,632 in pre-judgment interest imposed against his company, International Trading Partners, Ltd., pursuant to a previous court order. The Default Order finds these allegations to be true and bars McKinney from association with any broker or dealer. The proceeding remains ongoing as to a second Respondent, Rick R. Malizia. (Rel. 34 50983; File No. 3-11605) IN THE MATTER OF THOMAS PROUSALIS, JR. On January 6, the Commission issued an Order of Suspension Pursuant to Rule 102(e)(2) of the Commission’s Rules of Practice against Thomas T. Prousalis Jr. Prousalis served as securities counsel for the June 2000 initial public offering of busybox.com, Inc., and the Order arises from Prousalis’s criminal conviction for his role in a scheme that defrauded investors in the offering. The Order finds that on Nov. 1, 2004, the United States District Court for the Southern District of New York entered a final judgment convicting Prousalis of: (i) securities fraud in violation of Title 15, United States Code, Sections 78j(b) and 78ff, and Title 17, Code of Federal Regulations, Section 240.10b-5; (ii) conspiracy to commit securities, wire and mail fraud in violation of Title 18, United States Code, Section 371, 1341, 1343 and 1346, Title 15, United States Code, Sections 78j(b) and 78ff, and Title 17, Code of Federal Regulations, Section 240.10b-5; and (iii) failure to disclose the interest of counsel in violation of Title 15, United States Code, Section 77x, and Title 17, Code of Federal Regulations, Section 228.509. The final judgment sentenced Prousalis to 57 months imprisonment, to begin on Jan. 7, 2005 (U.S. v. Thomas T. Prousalis, Jr., 03 Cr 1509, DLC, S.D.N.Y.). Based on the above, the Order finds that Prousalis has been convicted of a felony within the meaning of Rule 102(e)(2) of the Commission’s Rules of Practice and orders that Prousalis is forthwith suspended from appearing or practicing before the Commission as an attorney. (Rel.. 34- 50986; File No. 3-11790) SEC FILES SETTLED ENFORCEMENT ACTIONS AGAINST BROADVISION, INC. AND ITS FORMER EXECUTIVE VICE PRESIDENT, NANCY GAZZIGLI The Commission today announced the filing of a complaint in the U.S. District Court for the District of Columbia alleging that Nancy R. Gazzigli, age 52, of Redding, California, committed accounting fraud by engaging in misconduct that led BroadVision, Inc. to improperly recognize $3.75 million of software license revenue during September 2001. At the time, Gazzigli was the company’s Executive Vice President and General Manager of Worldwide Products and Services. The complaint alleges that BroadVision entered into a contract to sell software licenses and related engineering and consulting services to a large retail chain. According to the complaint, in order to circumvent accounting rules that prohibited immediate recognition of the full contract amount, Gazzigli falsely informed BroadVision’s accountants that part of the agreement had been cancelled and subsequently provided forged documents to the company’s auditors to cover up the misrepresentations that she had made. As a result of Gazzigli’s misconduct, BroadVision improperly recognized $3.75 million of revenue from the transaction, overstating its third quarter 2001 software license revenue by 23.5% and its total revenue by 7.9%. Thereafter, BroadVision issued an earnings press release and filed a quarterly report with the Commission, both of which were materially false and misleading. Without admitting or denying the allegations in the complaint, Gazzigli consented to the entry of a final judgment that permanently enjoins her from violating Sections 10(b) and 13(b)(5) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 10b-5, 13b2-1 and 13b2-2 thereunder, and from aiding and abetting violations of Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 12b-20 and 13a- 13 thereunder. She also agreed to be permanently barred from serving as an officer or director of a public company and to pay a $40,000 civil penalty In a related enforcement action announced today, the Commission instituted a settled cease-and-desist proceeding against BroadVision. The company consented to the entry of the order instituting proceedings without admitting or denying the findings therein, including findings that BroadVision issued a false and misleading earnings press release and filed a false and misleading quarterly report with the Commission, as a result of the conduct described above. The Order requires BroadVision to cease and desist from committing or causing violations of the antifraud provisions of the federal securities laws, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, as well as the reporting, books and records, and internal controls provisions, Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 12b-20 and 13a- 13 thereunder. [SEC v. Nancy R. Gazzigli, 1:05CV00013, USDC, D.D.C.] (LR- 19025; AAE Rel. 2162); (Administrative Proceeding – Rel. 34-50987; AAE Rel. 2161; File No. 3-11791) COMMISSION REVOKES REGISTRATIONS OF SECURITIES OF THREE ISSUERS THAT FAILED TO MAKE REQUIRED PERIODIC FILINGS On January 7, the Commission revoked the registration of each class of registered securities of J.S.J. Capital II, Inc., S D E Holdings 2, Inc., and VSAT Net, Inc., for failure to make required periodic filings with the Commission. Without admitting or denying the findings of the respective orders, except as to jurisdiction, which each issuer admitted, each issuer consented to the entry of an order finding that it had violated Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of that particular issuer’s securities pursuant to Section 12(j) of the Exchange Act. These orders settled the charges brought against these issuers In the Matter of Asset Equity Group, Inc., et al., Administrative Proceeding File No. 3-11761. Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows: No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked. Additional Materials Available at www.sec.gov ? Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to J.S.J. Capital II, Inc., In the Matter of Asset Equity Group, Inc., et al., Administrative Proceeding File No. 3-11761, Exchange Act Release No. 50989 (Jan. 7, 2005). ? Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to S D E Holdings 2, Inc., In the Matter of Asset Equity Group, Inc., et al., Administrative Proceeding File No. 3-11761, Exchange Act Release No. 34-50991 (Jan. 7, 2005). ? Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to VSAT Net, Inc., In the Matter of Asset Equity Group, Inc., et al., Administrative Proceeding File No. 3-11761, Exchange Act Release No. 34- 50990 (Jan. 7, 2005). ? Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 In the Matter of American Multiplexer Corp., et al., Administrative Proceeding File No. 3-11760. Exchange Act Release No. 50771 (December 1, 2004). JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANTS KS ADVISORS, INC., KS CONDOR PARTNERS, LTD., II AND DAMIAN PARTNERS, LLC The Commission announced that on Dec. 27, 2004, the U.S. District Court for the Middle District of Florida entered a Judgment of Permanent Injunction and Other Relief against Defendants KS Advisors, Inc., KS Condor Partners, Ltd., II, and Damian Partners, LLC. The Judgment, entered with the consent of Defendants, without admitting or denying the allegations of the Commission’s complaint, enjoins them from violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and as to Defendant KS Advisors, Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. [SEC v. KS Advisors, Inc., KS Condor Partner, LTD., II, Damian Partners, LLC, Scott Fine and Kevin Boyle, Case No. 2:04 -CV-105- FTM-29DNF (M.D. Fla.)] (LR-19024) LAWRENCE THERIOT CONSENTS TO PERMANENT INJUNCTION AND PAYMENT OF CIVIL PENALTY FOR AIDING AND ABETTING VIOLATIONS OF THE FOREIGN CORRUPT PRACTICES ACT On December 30, the Honorable Lynn N. Hughes, U.S. District Court Judge for the Southern District of Texas, entered a Final Judgment permanently enjoining Lawrence H. Theriot from violating the Foreign Corrupt Practices Act and ordering him to pay an $11,000 civil penalty. Theriot, a resident of Reston, Virginia, was a consultant of American Rice, Inc. Theriot consented to entry of the Final Judgment without admitting or denying the allegations of the Commission’s complaint. In its complaint, filed on July 30, 2002, the Commission alleged that Theriot aided and abetted a bribery scheme in violation of the Foreign Corrupt Practices Act (FCPA). From approximately January 1998 to August 1999, an American Rice vice president authorized a series of bribery payments to Haitian customs officials in order to reduce American Rice’s import taxes illegally. As part of the scheme, American Rice made at least 12 separate bribery payments to Haitian customs officials, totaling approximately $500,000. In exchange, Haitian customs officials permitted American Rice to illegally avoid approximately $1.5 million in Haitian import taxes. American Rice was a public company based in Texas at the time of the bribery payments. The reduced taxes assisted American Rice to obtain or retain its business of selling rice at competitive prices to Haitian rice merchants and consumers. American Rice employees and agents carried out the bribery scheme in violation of the anti-bribery, books and records, and internal controls provisions of the FCPA, Sections 30A, 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934. Theriot, a consultant hired by American Rice, provided substantial assistance to American Rice officers and employees in implementing and monitoring the bribery scheme. The Commission’s action against the other two defendants, Douglas A. Murphy and David G. Kay, is still pending in the Southern District of Texas. [SEC v. Douglas A. Murphy, David G. Kay and Lawrence H. Theriot, Civil Action No. H-02-2908, S.D. Texas] (LR-19026) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES A proposed rule change (SR-CBOE-2004-88) and Amendment No. 1 thereto filed by the Chicago Board Options Exchange relating to its Customer Large Trade Discount Program 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 January 3. (Rel. 34-50962) A proposed rule change (SR-Amex-2004-110) filed by the American Stock Exchange to extend the temporary suspension of the specialist’s and registered traders’ transaction charges for the trading of Nasdaq-100 Index Tracking Stock® 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 January 10. (Rel. 34-50970) A proposed rule change filed by the National Association of Securities Dealers to terminate certain Trade Reporting and Compliance Engine (TRACE) fees and to change the implementation date of Stage Two of dissemination of TRACE transaction information from Feb. 1, 2005, to Feb. 7, 2005 (SR-NASD-2004-189), 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 January 10. (Rel. 34-50977) A proposed rule change (SR-NASD-2004-177) filed by the National Association of Securities Dealers relating to fees for filing documents pursuant to NASD Rule 2710 has become immediately effective under Section 19(b)(3)(A)(ii) of the Securities Exchange Act of 1934 and Rule 19b-4(f)(2), thereunder. . Publication of the proposal is expected in the Federal Register during the week of January 10. (Rel. 34-50984) A proposed rule change and Amendment No. 1 thereto filed by the American Stock Exchange (SR-Amex-2004-97) to reduce options transaction fees for exchange specialists and registered options traders 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 January 10. (Rel. 34-50988) The Options Clearing Corporation filed a proposed rule change (SR-OCC- 2004-23) under Section 19(b)(3)(A) of the Securities Exchange Act that makes a conforming, technical change to OCC Rule 1106(a)(3). Publication of the proposal is expected in the Federal Register during the week of January 10. (Rel. 34-50992) PROPOSED RULE CHANGES The Chicago Board Options Exchange filed a proposed rule change (SR-CBOE- 2004-82) relating to Exchange Rule 17.10(d) – Review of Decision Not to Initiate Charges. Publication of the proposal is expected in the Federal Register during the week of January 10. (Rel. 34-50964) The Chicago Board Options Exchange filed a proposed rule change (SR-CBOE- 2004-72), and Amendment No. 1, to adopt a trading procedure mechanism, called the SizeQuote Mechanism, for use by floor brokers in their representation of large-sized orders in open outcry. Publication of the proposal is expected in the Federal Register during the week of January 10. (Rel. 34-50967) APPROVAL OF PROPOSED RULE CHANGES The Commission has approved a proposed rule change (SR-FICC-2004-06) filed by the Fixed Income Clearing Corporation under Section 19(b)(1) of the Exchange Act. The order allows FICC to institute for its Mortgage Backed Securities Division (MBSD) (i) fines for the late payment of cash obligation items and margin deficits and (ii) informal procedures for disputing MBSD fines. Publication of the proposal is expected in the Federal Register during the week of January 10. (Rel. 34-50965) The Commission approved a proposed rule change and Amendments Nos. 1 and 2 thereto (SR-Amex-2004-25) submitted under Rule 19b-4 of the Securities Exchange Act of 1934 by the American Stock Exchange relating to revisions to Amex Rule 111. Publication of the proposal is expected in the Federal Register during the week of January 10. (Rel. 34-50972) ACCELERATED APPROVAL OF PROPOSED RULE CHANGE The Commission noticed and granted accelerated approval to a proposed rule change (SR-Amex-2004-111) submitted by the American Stock Exchange relating to the extension of the suspension of customer transaction charges for the trading of Nasdaq-100 Index Tracking Stock®. Publication of the proposal is expected in the Federal Register during the week of January 10. (Rel. 34-50969) ORDER APPROVING AN AMENDMENT TO THE PLAN FOR REPORTING OF CONSOLIDATED OPTIONS LAST SALE REPORTS AND QUOTATION INFORMATION The Commission granted approval to an amendment to the Plan for Reporting of Consolidated Options Last Sale Reports and Quotation Information submitted pursuant to Section 11A of the Securities Exchange Act of 1934 and Rule 11Aa3-2 thereunder by the Options Price Reporting Authority (SR-OPRA-2004-06) to amend Guideline 2 of the Capacity Guidelines adopted in accordance with the Plan. (Rel. 34-50973) WITHDRAWALS GRANTED An order has been issued granting the application of Schuff International, Inc., to withdraw its common stock, $.001 par value, from listing and registration on the American Stock Exchange, effective at the opening of business on January 6. (Rel. 34-50968) An order has been issued granting the application of Nordic American Tanker Shipping Limited to withdraw its common stock, $.01 par value, from listing and registration on the American Stock Exchange, effective at the opening of business on January 7. (Rel. 34-50974) An order has been issued granting the application of Plymouth Rubber Company, Inc. to withdraw its class A and class B common stock, $.01 par value, from listing and registration on the American Stock Exchange, effective at the opening of business on January 7. (Rel. 34-50985) WITHDRAWALS SOUGHT A notice has been issued giving interested persons until Feb. 2, 2005, to comment on the application of The Procter & Gamble Company to withdraw its common stock, $1.00 par value, from listing and registration on the National Stock Exchange. (Rel. 34-50975) A notice has been issued giving interested persons until Feb. 2, 2005, to comment on the application of microHelix, Inc., to withdraw its common stock, no par value, and class B warrants (to purchase one share of common stock) from listing and registration on the Boston Stock Exchange. (Rel. 34-50976) 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: . S-8 DATA I/O CORP, 10525 WILLOWS RD NE, P O BOX 97046, REDMOND, WA, 98073-9746, 4258676922 - 1,428,786 ($3,635,974.00) Equity, (File 333-121861 - Jan. 6) (BR. 36) S-1 MOTIENT CORP, 300 KNIGHTSBRIDGE, PKY., LINCOLNSHIRE, IL, 60069, 8474784200 - 16,255,636 ($369,815,719.00) Equity, (File 333-121862 - Jan. 6) (BR. 37) SB-2 Yacht Finders, Inc., 2308/C KETTNER BLVD., SAN DIEGO, CA, 92101, 619-232-1001 - 1,139,000 ($569,500.00) Equity, (File 333-121863 - Jan. 6) (BR. 09) S-4 PHOTOMEDEX INC, 147 KEYSTONE DRIVE, MONTGOMERYVILLE, PA, 18936, 2156193600 - 0 ($29,888,766.00) Equity, (File 333-121864 - Jan. 6) (BR. 36) S-8 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD, NO. 8, LI-HSIN ROAD 6, SCIENCE-BASED INDUSTRIAL PARK, HSINCHU, F5, 00000, 886-3-5636688 - 11,000,000 ($18,667,000.00) Equity, (File 333-121865 - Jan. 6) (BR. 36) S-8 OSAGE FEDERAL FINANCIAL INC, 159,691 ($1,972,186.00) Equity, (File 333-121866 - Jan. 6) (BR. 07) S-8 CHARYS HOLDING CO INC, 1117 PERIMETER CENTER WEST, SUITE N415, ATLANTA, GA, 30338, 6784432300 - 0 ($437,500.00) Equity, (File 333-121867 - Jan. 6) (BR. 09) S-3 MECHANICAL TECHNOLOGY INC, 431 NEW KARNER ROAD, BUILDING #4, ALBANY, NY, 12205, 5185332200 - 1,261,829 ($6,845,422.33) Equity, (File 333-121868 - Jan. 6) (BR. 36) F-3 QSOUND LABS INC, 400-3115 12 STREET NE, CALGARY, A0, T2E7J2, 403 291 2492 - 0 ($9,646,088.00) Equity, (File 333-121871 - Jan. 6) (BR. 04) SB-2 CREATIVE BUSINESS CONCEPTS INC, 1900 MAIN STREET # 125, IRVINE, CA, 92618, 949-727-3104 - 1,000,000 ($5,000,000.00) Equity, (File 333-121872 - Jan. 6) (BR. ) S-1 CTD HOLDINGS INC, 27317 NW 78 AVENUE, N/A, HIGH SPRINGS, FL, 32643, 3864540887 - 10,000,000 ($650,000.00) Equity, (File 333-121873 - Jan. 6) (BR. 01) S-3 CARDIMA INC, 47266 BENICIA STREET, FREMONT, CA, 94538, 5103540300 - 24,472,325 ($12,603,247.38) Equity, (File 333-121876 - Jan. 6) (BR. 36) S-8 COTHERIX INC, 5000 SHORELINE COURT, SUITE 101, SOUTH SAN FRANCISCO, CA, 94080, 650-808-6500 - 638,354 ($6,792,086.56) Equity, (File 333-121877 - Jan. 6) (BR. 01) SB-2 SINOFRESH HEALTHCARE INC, 516 PAUL MORRIS DR, ENGLEWOOD, FL, 34223, 941-681-3100 - 10,041,139 ($12,225,789.85) Equity, (File 333-121880 - Jan. 6) (BR. 08) SB-2 BLUEBOOK INTERNATIONAL HOLDING CO, 21098 BAKE PARKWAY, SUITE 100, LAKE FOREST, CA, 92630, 7147313389 - 2,557,239 ($12,811,767.00) Equity, (File 333-121882 - Jan. 6) (BR. 08) S-11 MEDICAL PROPERTIES TRUST INC, 1000 UBRAN CENTER DRIVE, SUITE 501, BIRMINGHAM, AL, 35242, 205-969-3755 - 0 ($169,393,601.00) Equity, (File 333-121883 - Jan. 6) (BR. 08) S-8 ENHANCE BIOTECH INC, 17337 VENTURA BLVD, SUITE 224, ENCINO, CA, 91316, 8187840040 - 234,172 ($456,635.00) Equity, (File 333-121885 - Jan. 6) (BR. 09) S-8 ARETE INDUSTRIES INC, 7102 LA VISTA PLACE, STE 100, NIWOT, CO, 80503, 3036523113 - 50,000,000 ($30,000.00) Equity, (File 333-121886 - Jan. 6) (BR. 37) S-8 WESBANCO INC, 1 BANK PLAZA, WHEELING, WV, 26003, 3042349000 - 132,175 ($1,757,663.00) Other, (File 333-121887 - Jan. 6) (BR. 07) S-3 STOCKERYALE INC, 32 HAMPSHIRE ROAD, SALEM, NH, 03079, 6038938778 - 1,150,482 ($1,449,608.00) Equity, (File 333-121888 - Jan. 6) (BR. 36) S-8 KNIGHT FULLER INC, 8260 E. RAINTREE DRIVE, MAIL LOBBY, SCOTTSDALE, AZ, 85260, 805-730-1978 - 500,000 ($125,000.00) Equity, (File 333-121889 - Jan. 6) (BR. 37) 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 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 8K ITEM NO. NAME OF ISSUER CODE DATE COMMENT ------------------------------------------------------------------------------------------------ 21ST CENTURY HOLDING CO FL 1.01,8.01 12/31/04 A C MOORE ARTS & CRAFTS INC PA 2.02 01/06/05 ABERCROMBIE & FITCH CO /DE/ DE 7.01,9.01 01/06/05 ABFC ASSET-BACKED CERTIFICATES SERIES DE 8.01,9.01 12/27/04 ABFC ASSET-BACKED CERTIFICATES SERIES DE 8.01,9.01 12/27/04 ACCELR8 TECHNOLOGY CORP CO 5.02 12/31/04 ACCENTURE LTD 2.02 01/06/05 ACCERIS COMMUNICATIONS INC FL 1.01,9.01 12/31/04 ACCUFACTS PRE EMPLOYMENT SCREENING IN DE 5.02 12/31/04 ACCURIDE CORP DE 7.01 01/05/05 ACE LTD D0 2.02,9.01 01/06/05 ACE SECURITIES CORP DE 8.01,9.01 01/04/05 ACT TELECONFERENCING INC CO 1.01,9.01 01/06/05 ACTEL CORP CA 2.02,7.01,9.01 01/06/05 ACTUATE CORP DE 2.02,9.01 01/06/05 ACUITY BRANDS INC DE 2.02,9.01 01/06/05 ADVANCED ENERGY INDUSTRIES INC DE 1.01,2.05,2.06,5.02 12/30/04 ADVANCED MATERIALS GROUP INC NV 1.01,1.02,8.01,9.01 12/15/04 ADVENT SOFTWARE INC /DE/ DE 2.06 12/30/04 AEGIS ASSET BACKED SECURITIES TRUST M DE 8.01,9.01 12/27/04 AEGIS ASSET BACKED SECURITIES TRUST M DE 8.01,9.01 12/27/04 AEHR TEST SYSTEMS CA 2.02,8.01,9.01 01/06/05 AEOLUS PHARMACEUTICALS, INC. DE 1.02,5.02,9.01 01/05/05 AFFYMETRIX INC DE 1.01 01/01/05 ALAMOSA HOLDINGS INC DE 1.01,9.01 01/06/05 ALASKA AIR GROUP INC DE 7.01 01/05/05 ALBEMARLE CORP VA 7.01,8.01,9.01 01/06/05 ALLEGHENY ENERGY INC MD 2.01,9.01 01/05/05 ALLEGHENY ENERGY SUPPLY CO LLC 2.01,9.01 01/05/05 ALLIANCE CAPITAL MANAGEMENT HOLDING L DE 5.02,7.01 12/31/04 ALLIANCE CAPITAL MANAGEMENT HOLDING L DE 1.01,5.02,7.01,9.01 11/11/04 AMEND ALLIANCE CAPITAL MANAGEMENT L P DE 5.02,7.01 12/31/04 ALLIANCE CAPITAL MANAGEMENT L P DE 1.01,5.02,7.01,9.01 11/11/04 AMEND ALLOS THERAPEUTICS INC DE 8.01,9.01 01/06/05 AMDL INC DE 8.01,9.01 01/06/05 AMERICA FIRST TAX EXEMPT INVESTORS LP DE 5.02 01/01/05 AMERICAN CAMPUS COMMUNITIES INC MD 7.01 01/06/05 AMERICAN INTERNATIONAL GROUP INC DE 5.02 01/06/05 AMERICAN LEISURE HOLDINGS INC NV 1.01,2.01,3.03,9.01 12/30/04 AMERICAN SCIENCE & ENGINEERING INC MA 1.01,9.01 01/05/05 AMERICHIP INTERNATIONAL INC 5.02,9.01 01/03/05 AMERIGROUP CORP 2.01 01/06/05 AMPHENOL CORP /DE/ DE 1.01,5.02 12/31/04 ANCONA MINING CORP NV 7.01,9.01 01/06/05 ANDERSONS INC OH 8.01 01/03/05 ANDRX CORP /DE/ DE 1.02,2.05,9.01 12/31/04 ANHEUSER-BUSCH COMPANIES, INC. DE 2.02,9.01 01/05/05 ANNTAYLOR STORES CORP DE 7.01 01/06/05 ANNUITY & LIFE RE (HOLDINGS), LTD. D0 1.01 12/31/04 ANSYS INC DE 8.01,9.01 01/05/05 ANTS SOFTWARE INC DE 1.01,5.02,9.01 01/04/05 APOLLO GOLD CORP 1.01,9.01 12/31/04 ARDENT HEALTH SERVICES LLC DE 1.01,8.01,9.01 12/31/04 ARMOR HOLDINGS INC DE 2.01,9.01 12/31/04 ASSET BACKED FUNDING CORP C BASS MOR DE 8.01,9.01 12/25/04 Asset Backed Pass-Through Certificate DE 8.01,9.01 12/25/04 Asset Backed Pass-Through Certificate DE 8.01,9.01 12/27/04 Asset-Backed Funding Corp. ABFC Asset DE 8.01,9.01 12/27/04 ATHEROGENICS INC GA 8.01,9.01 01/06/05 ATLAS MINING CO ID 3.02 01/03/05 ATWOOD OCEANICS INC TX 7.01,8.01,9.01 01/06/05 AUXILIUM PHARMACEUTICALS INC 1.01,2.03,9.01 12/31/04 AVON PRODUCTS INC NY 1.01 01/01/05 AXEDA SYSTEMS INC DE 1.01,3.02,8.01 12/30/04 AZZ INC TX 2.02,8.01,9.01 01/06/05 Bancorp, Inc. 1.01,2.01,3.02,9.01 12/22/04 BARNWELL INDUSTRIES INC DE 5.02 12/03/04 BAY RESOURCES LTD DE 8.01 01/05/05 BAYVIEW FINANCIAL SEC CO LLC MORT PAS DE 8.01,9.01 12/28/04 Bayview Financial Sec Co LLC Mort Pas DE 8.01,9.01 12/28/04 Bayview Financial Securties Company, DE 8.01,9.01 12/27/04 BB&T CORP NC 5.02 12/31/04 BEAR STEARNS ASSET BACKED CERTIFICATE DE 8.01,9.01 12/27/04 BEAR STEARNS ASSET BACKED SECURITIES DE 8.01,9.01 12/27/04 BEAR STEARNS ASSET BACKED SECURITIES DE 8.01,9.01 12/27/04 BEAR STEARNS ASSET BACKED SECURITIES DE 8.01,9.01 12/27/04 BEAR STEARNS COMPANIES INC DE 8.01,9.01 01/05/05 BEARINGPOINT INC DE 1.01,2.03,3.02,8.01,9.01 01/05/05 BEBE STORES INC CA 2.02,9.01 01/06/05 BIOGEN IDEC INC DE 1.01,9.01 01/05/05 BIOMARIN PHARMACEUTICAL INC DE 1.01,1.02 01/04/05 BIOMET INC IN 1.01 01/03/05 BIOSANTE PHARMACEUTICALS INC WY 1.01,9.01 01/04/05 BLACKROCK INC /NY DE 2.02,7.01,9.01 01/06/05 BLUE CHIP COMPUTERWARE INC DE 2.01 12/23/04 BLUE RIDGE ENERGY INC 1.01,3.02,9.01 12/31/04 BRADLEY OPERATING L P DE 1.01,8.01,9.01 01/04/05 BRAND INTERMEDIATE HOLDINGS INC DE 1.01,5.02 01/06/05 BRISTOL MYERS SQUIBB CO DE 1.01 01/01/05 BROADCOM CORP CA 1.01,5.02,9.01 01/03/05 BROCADE COMMUNICATIONS SYSTEMS INC DE 4.02,9.01 01/02/05 BROWN SHOE CO INC NY 7.01 01/06/05 BUCKEYE TECHNOLOGIES INC DE 8.01 12/31/04 C-COR INC PA 1.01,2.01,2.03,3.02,5.02,9.01 12/31/04 CAP ROCK ENERGY CORP 1.01,2.03,7.01,9.01 12/31/04 CAPITOL FIRST CORP NV 8.01 12/30/04 CARAUSTAR INDUSTRIES INC NC 2.05,2.06 12/31/04 CAREER EDUCATION CORP DE 8.01 01/05/05 CARLISLE COMPANIES INC DE 2.02,2.05,2.06 12/30/04 CASUAL MALE RETAIL GROUP INC DE 2.02,9.01 01/06/05 CAVCO INDUSTRIES INC DE 8.01,9.01 01/06/05 CDI CORP PA 2.02,2.05,9.01 12/31/04 CELERITEK INC/CA CA 9.01 10/22/04 AMEND CELL THERAPEUTICS INC WA 1.01,1.02,9.01 01/01/05 CENDANT CORP DE 8.01,9.01 01/06/05 CENTENNIAL SPECIALTY FOODS CORP DE 1.01 01/06/05 CENTRAL VALLEY COMMUNITY BANCORP CA 8.01,9.01 12/31/04 CENTRAL VERMONT PUBLIC SERVICE CORP VT 1.01 01/01/05 CEPHALON INC DE 1.01 12/15/04 CERTIFIED SERVICES INC NV 1.01,9.01 12/31/04 CHARLIE MAC TRUST 2004-1, MORTGAGE PA DE 8.01,9.01 12/27/04 CHEC FUNDING LLC DE 8.01,9.01 01/04/05 CHESAPEAKE CORP /VA/ VA 1.01,9.01 01/03/05 CHICOS FAS INC FL 8.01,9.01 01/06/05 CIT GROUP INC DE 8.01,9.01 01/04/05 Citigroup Commercial Mortgage Trust 2 DE 1.01,9.01 12/22/04 CITIGROUP MORTGAGE LOAN TRUST SERIES 8.01,9.01 12/27/04 CITIZENS FIRST FINANCIAL CORP DE 8.01,9.01 01/05/05 CLAIRES STORES INC DE 2.02,9.01 01/06/05 CMGI INC DE 1.01,1.02,2.03,9.01 12/31/04 CNA FINANCIAL CORP DE 1.01,9.01 12/31/04 CNB HOLDINGS INC /GA/ 5.03,7.01,9.01 12/31/04 CNL Hotels & Resorts, Inc. MD 1.01,8.01 12/31/04 CNL RETIREMENT PROPERTIES INC MD 5.02 12/31/04 COBIZ INC CO 8.01 12/31/04 COCA COLA CO DE 5.02,9.01 01/06/05 COMCAST CORP PA 1.01 12/31/04 COMMERCE GROUP INC /MA MA 8.01 01/05/05 Comtech Group Inc MD 5.02 01/05/05 CONCORD COMMUNICATIONS INC MA 7.01 12/15/04 CONOCOPHILLIPS DE 2.02,9.01 01/06/05 CONSTELLATION BRANDS, INC. DE 2.02,7.01,9.01 01/06/05 CONTINENTAL AIRLINES INC /DE/ DE 8.01 01/06/05 COOPER COMPANIES INC DE 8.01,9.01 01/05/05 CORIXA CORP DE 1.02,2.01 12/31/04 CORIXA CORP DE 1.01,9.01 01/06/05 CORRECTIONS CORP OF AMERICA MD 1.01,5.02,9.01 01/03/05 COSI INC DE 1.01,9.01 01/03/05 COST U LESS INC WA 1.01,9.01 01/05/05 Credit Suisse First Boston Mortgage S DE 8.01,9.01 12/25/04 CSFB ADJUSTABLE RATE MORTGAGE TRUST 2 DE 8.01,9.01 12/27/04 CSFB ADJUSTABLE RATE MORTGAGE TRUST 2 DE 8.01,9.01 12/27/04 CSFB HOME EQUITY MORTGAGE TRUST 2004- DE 9.01 12/22/04 CSFB MORTGAGE BACKED PASS THR CERTS S DE 8.01,9.01 12/27/04 CSFB MORTGAGE BACKED PASS THR CERTS S DE 8.01,9.01 12/27/04 CSFB MORTGAGE BACKED PASS THROUGH CER DE 8.01,9.01 12/27/04 CSFB MORTGAGE BACKED PASS THRU CERT S DE 8.01,9.01 12/27/04 CSFB Mortgage-Back Pass-Through Certi DE 8.01,9.01 12/27/04 CSFB Mortgage-Backed Pass-Through Cer DE 8.01,9.01 12/27/04 CSFB Mortgage-Backed Pass-Through Cer DE 8.01,9.01 12/27/04 CSFB Mortgage-Backed Pass-Through Cer DE 8.01,9.01 12/27/04 CSFB MORTGAGE-BACKED PASS-THROUGH CER DE 8.01,9.01 12/27/04 CSFB MORTGAGE-BACKED PASS-THROUGH CER DE 8.01,9.01 12/27/04 CSFB MORTGAGE-BACKED TRUST SERIES 200 DE 8.01,9.01 12/27/04 CSFB MTG BACKED P/T CERTIFICATES SERI 8.01,9.01 12/27/04 CSX CORP VA 1.01,8.01,9.01 12/30/04 CWABS Revolving Home Equity Loan Trus DE 8.01,9.01 01/06/05 CWALT INC 8.01,9.01 06/30/04 CYCLE COUNTRY ACCESSORIES CORP NV 8.01,9.01 01/06/05 CYTOKINETICS INC 1.01,1.02 12/31/04 DATA SYSTEMS & SOFTWARE INC DE 1.01 12/30/04 DATASCENSION INC NV 9.01 12/31/04 DAYTON SUPERIOR CORP OH 3.03 01/06/05 DCI USA, INC DE 1.01,2.03,5.02,9.01 12/31/04 DELTA APPAREL INC GA 1.01,7.01,9.01 01/05/05 DERMA SCIENCES INC PA 3.02 01/03/05 AMEND DEX MEDIA INC DE 7.01,9.01 01/05/05 DEX MEDIA INC DE 7.01,9.01 01/05/05 DIASYS CORP DE 3.02,9.01 12/31/04 DIGITAL THEATER SYSTEMS INC DE 1.01,2.01,9.01 01/03/05 DILLARDS INC DE 7.01,9.01 01/06/05 DOLLAR GENERAL CORP TN 7.01,9.01 01/06/05 DONAR ENTERPRISES INC DE 5.02 01/04/05 DONNELLEY R H INC DE 5.02 01/04/05 DONNELLEY R R & SONS CO DE 1.01,9.01 01/03/05 DOV PHARMACEUTICAL INC DE 1.01,2.03,3.02,9.01 01/06/05 DREAMS INC UT 1.01,8.01 01/01/05 DRESS BARN INC CT 1.01,2.01,2.03,8.01,9.01 01/06/05 DRYCLEAN USA INC DE 8.01,9.01 01/03/05 DYNAMIC HEALTH PRODUCTS INC FL 7.01,9.01 01/06/05 E TRADE FINANCIAL CORP DE 1.01,5.02 12/16/04 EARTHLINK INC DE 1.01,2.03,9.01 12/31/04 ECOLLEGE COM DE 8.01,9.01 01/05/05 EL PASO CORP/DE DE 2.02,9.01 01/06/05 EL PASO CORP/DE DE 2.02,9.01 01/06/05 ELECTROGLAS INC DE 8.01,9.01 01/04/05 EMERGENCY FILTRATION PRODUCTS INC/ NV NV 8.01,9.01 01/05/05 EMMIS COMMUNICATIONS CORP IN 2.02,9.01 01/06/05 Emrise CORP DE 8.01 01/05/05 EMULEX CORP /DE/ DE 2.02,9.01 01/05/05 ENCYSIVE PHARMACEUTICALS INC DE 1.01,9.01 01/06/05 ENDOCARE INC DE 1.01,2.01,9.01 12/30/04 ENDURANCE SPECIALTY HOLDINGS LTD 5.02 01/03/05 EOG RESOURCES INC DE 7.01 01/06/05 Epic Bancorp 8.01,9.01 01/03/05 EQUINIX INC DE 1.01,2.02,2.05 12/31/04 EQUITY INNS INC TN 5.02,9.01 01/04/05 ESCALON MEDICAL CORP DE 4.01,9.01 12/30/04 EZ EM INC DE 8.01,9.01 01/01/05 EZ EM INC DE 2.02,9.01 01/06/05 FACTORY CARD OUTLET CORP DE 2.02,9.01 01/06/05 FALCON PRODUCTS INC /DE/ DE 8.01,9.01 01/04/05 FAR EAST ENERGY CORP 3.02 12/31/04 FARMSTEAD TELEPHONE GROUP INC DE 5.02,9.01 12/31/04 FIND SVP INC NY 1.01,9.01 01/01/05 FINLAY ENTERPRISES INC /DE DE 2.02,9.01 01/06/05 FINLAY FINE JEWELRY CORP DE 2.02,9.01 01/06/04 FIRST COMMUNITY BANK CORP OF AMERICA FL 8.01 01/06/05 FIRST HORIZON ASSET SECURITIES INC DE 8.01,9.01 12/30/04 FIRST IPSWICH BANCORP /MA MA 8.01,9.01 01/06/05 FIRST MIDWEST BANCORP INC DE 5.02 01/06/05 FIRST RELIANCE BANCSHARES INC SC 3.02 12/30/04 FLYI INC DE 1.01,5.02 01/06/05 FMC TECHNOLOGIES INC 1.01 01/01/05 FORGENT NETWORKS INC DE 5.02 12/31/04 FORMFACTOR INC DE 2.02,9.01 01/06/05 FREMONT HOME LOAN TRUST 2004-B DE 8.01,9.01 12/27/04 Fremont Home Loan Trust 2004-C DE 8.01,9.01 12/27/04 FRIEDMANS INC DE 1.01,8.01,9.01 01/06/05 G III APPAREL GROUP LTD /DE/ DE 5.02 01/03/05 GABLES REALTY LIMITED PARTNERSHIP DE 5.02,9.01 01/05/05 GABLES RESIDENTIAL TRUST MD 5.02,9.01 01/05/05 GALLAGHER ARTHUR J & CO DE 5.02,9.01 01/04/05 GAP INC DE 7.01,9.01 01/06/05 GEMSTAR TV GUIDE INTERNATIONAL INC DE 1.01,9.01 01/06/05 GENCOR INDUSTRIES INC DE 2.02,8.01,9.01 01/05/05 GENESIS BIOVENTURES INC NY 1.01,9.01 12/31/04 GENIUS PRODUCTS INC NV 5.02,8.01,9.01 12/31/04 GLOBAL INNOVATIVE SYSTEMS INC NV 7.01,9.01 01/05/05 GLOBAL MATRECHS, INC. DE 1.01,2.01,2.03,3.02,9.01 12/31/04 GMACM Mortgage Pass-Through Cerificat DE 8.01,9.01 12/27/04 GOLDMAN SACHS HEDGE FUND PARTNERS LLC DE 3.02 01/06/05 GRACO INC MN 1.01 12/31/04 GRANT PARK FUTURES FUND LIMITED PARTN IL 7.01 01/06/05 GREY WOLF INC TX 1.01,9.01 01/05/05 GRUBB & ELLIS CO DE 1.01,3.02,9.01 12/30/04 GS Mortgage GSAMP Trust 2004 - AHL DE 8.01 11/26/04 GS MORTGAGE SECURITIES CORP DE 8.01,9.01 01/04/05 GS MORTGAGE SECURITIES CORP FREMONT H DE 8.01,9.01 12/27/04 GSI LUMONICS INC A3 7.01,9.01 01/06/05 HarborView Mortgage Loan Trust 2004-8 DE 8.01,9.01 01/06/05 AMEND HARLEYSVILLE GROUP INC DE 1.01,1.02 01/06/05 HARMAN INTERNATIONAL INDUSTRIES INC / DE 5.02 12/31/04 HARRIS INTERACTIVE INC DE 1.01 12/31/04 HARTCOURT COMPANIES INC UT 4.01,9.01 12/29/04 HAWAIIAN ELECTRIC INDUSTRIES INC HI 8.01 12/31/04 HEALTHCARE SERVICES GROUP INC PA 8.01 01/04/05 HEARTLAND, INC. MD 2.01,9.01 12/31/04 HEIDRICK & STRUGGLES INTERNATIONAL IN DE 1.01,9.01 12/31/04 HELIX TECHNOLOGY CORP DE 1.01,5.05 12/31/04 HENNESSY ADVISORS INC 4.01,9.01 12/30/04 HERITAGE PROPERTY INVESTMENT TRUST IN MD 1.01,8.01,9.01 01/04/05 HIBBETT SPORTING GOODS INC DE 2.02,7.01,9.01 01/01/05 HOME INTERIORS & GIFTS INC TX 5.02,9.01 01/01/05 HOME PRODUCTS INTERNATIONAL INC DE 5.02,5.03,9.01 01/06/05 HOMEBANC CORP GA 1.01,2.03,9.01 12/31/04 HOST MARRIOTT CORP/ MD 1.01,9.01 12/31/04 HOST MARRIOTT L P DE 1.01,9.01 12/31/04 HOUSEHOLD PRIVATE LABEL CREDIT CARD M DE 1.01,8.01,9.01 12/29/04 HUB GROUP INC DE 5.02 12/31/04 HUFFY CORP OH 2.02,9.01 01/06/05 HUGHES SUPPLY INC FL 1.01,9.01 12/30/04 IBIS TECHNOLOGY CORP MA 8.01,9.01 01/06/05 IC ISAACS & CO INC DE 1.01,9.01 12/30/04 ICON CASH FLOW PARTNERS L P SERIES D DE 5.02 12/31/04 ICON CASH FLOW PARTNERS L P SERIES E DE 5.02 12/31/04 ICON CASH FLOW PARTNERS L P SEVEN DE 5.02 12/31/04 ICON CASH FLOW PARTNERS L P SIX DE 5.02 12/31/04 ICON INCOME FUND EIGHT /DE DE 5.02 12/31/04 ICON INCOME FUND EIGHT B LP 5.02 12/31/04 ICON INCOME FUND NINE LLC DE 5.02 12/31/04 ICON INCOME FUND TEN LLC DE 1.01,2.01,5.02,9.01 12/31/04 Icoria, Inc. DE 5.02 12/31/04 IESI CORP DE 7.01,9.01 01/06/05 IFT CORP DE 3.02 12/30/04 IMAGE ENTERTAINMENT INC CA 1.01,7.01,9.01 01/01/05 INCENTRA SOLUTIONS, INC. NV 4.01,9.01 10/28/04 AMEND INCENTRA SOLUTIONS, INC. NV 9.01 08/18/04 AMEND INCO LTD 1.01 12/30/04 INDIGENOUS GLOBAL DEVELOPMENT CORP UT 4.01,9.01 12/08/04 AMEND INDUSTRIAL DISTRIBUTION GROUP INC DE 5.02,9.01 01/06/05 INDYMAC ABS INC DE 8.01,9.01 12/22/04 INGERSOLL RAND CO LTD 9.01 01/06/05 INNOVEX INC MN 1.01,9.01 12/31/04 INSIGHT COMMUNICATIONS CO INC DE 1.01,8.01 12/31/04 INTEGRATED ELECTRICAL SERVICES INC DE 1.01,1.02 12/15/04 INTER TEL INC AZ 1.01,7.01,9.01 01/05/05 INTERACTIVE INTELLIGENCE INC IN 1.01,9.01 01/03/05 INTERACTIVE MOTORSPORTS & ENTERTAINME IN 8.01,9.01 12/31/04 INTERNATIONAL DISPLAYWORKS, INC OR 5.02,9.01 01/05/05 INTERNATIONAL DISPLAYWORKS, INC OR 8.01,9.01 01/05/05 INTERPUBLIC GROUP OF COMPANIES, INC. DE 1.01,1.02,9.01 01/06/05 INVACARE CORP OH 1.01 01/06/05 IRWIN WHOLE LOAN HOME EQUITY TRUST 20 DE 8.01,9.01 12/27/04 ITRONICS INC TX 5.02 12/31/04 IWT TESORO CORP NV 1.01 12/31/04 IXIA CA 8.01 01/03/05 J JILL GROUP INC DE 2.02,9.01 01/06/05 J P MORGAN ACCEPTANCE CORP I DE 8.01,9.01 01/04/05 JAMESON INNS INC GA 1.01,2.03 12/30/04 JCM PARTNERS LLC DE 3.02,5.03,9.01 01/01/05 JO-ANN STORES INC OH 7.01 01/06/05 K FED BANCORP 8.01,9.01 01/06/05 KANSAS CITY SOUTHERN DE 1.01,5.02,8.01,9.01 01/03/05 KANSAS CITY SOUTHERN DE 8.01,9.01 01/06/05 KENNAMETAL INC PA 5.02,9.01 01/06/05 KMART HOLDING CORP DE 8.01,9.01 01/06/05 KOHLS CORPORATION WI 1.01 01/03/05 KOHLS CORPORATION WI 7.01,9.01 01/06/05 LACROSSE FOOTWEAR INC WI 1.01,9.01 11/02/04 LANDAMERICA FINANCIAL GROUP INC VA 1.01,1.02,5.02,9.01 01/01/05 LAW ENFORCEMENT ASSOCIATES CORP NV 5.02 01/05/05 LEAP WIRELESS INTERNATIONAL INC DE 1.01 12/30/04 LEAP WIRELESS INTERNATIONAL INC DE 5.02 12/30/04 LIFESTREAM TECHNOLOGIES INC NV 8.01,9.01 01/06/05 LITHIUM TECHNOLOGY CORP DE 3.02,9.01 12/30/04 LNR PROPERTY CORP DE 2.02,9.01 01/05/05 LONG BEACH SECURITIES CORP DE 9.01 01/06/05 LONGPORT INC DE 2.02,8.01,9.01 01/05/05 LONGPORT INC DE 7.01,9.01 01/06/05 LOTTERY & WAGERING SOLUTIONS INC DE 1.02,9.01 01/01/05 MACQUARIE SECURITISATION LTD PUMA GLO DE 8.01,9.01 01/06/05 MAGIC MEDIA NETWORKS INC DE 1.01,2.01,9.01 12/31/04 MAILKEY CORP NV 1.01 12/31/04 MANHATTAN PHARMACEUTICALS INC DE 5.02,8.01,9.01 01/03/05 MAPICS INC GA 1.01,9.01 01/03/05 MARINE PRODUCTS CORP DE 8.01,9.01 01/06/05 MARKETWATCH INC DE 1.01,9.01 01/01/05 MARKWEST ENERGY PARTNERS L P 5.03,9.01 12/31/04 MARTHA STEWART LIVING OMNIMEDIA INC DE 1.01,9.01 01/01/05 MARTIN MIDSTREAM PARTNERS LP DE 2.01 01/03/05 MASCO CORP /DE/ DE 1.01,9.01 01/01/05 MASTR Adjustable Rate Mortgage Trust DE 8.01,9.01 12/27/04 MASTR ADJUSTABLE RATE MORTGAGES TRUST DE 8.01,9.01 12/27/04 MASTR Adjustable Rate Mortgages Trust DE 8.01,9.01 12/27/04 MASTR ADJUSTABLE RATE MORTGAGES TRUST DE 8.01,9.01 12/27/04 MASTR Adjustable Rate Mortgages Trust DE 8.01,9.01 12/27/04 MASTR ADJUSTABLE RATE MORTGAGES TRUST DE 8.01,9.01 12/27/04 MASTR Adjustable Rate Mortgages Trust DE 8.01,9.01 12/27/04 MASTR Adjustable Rate Mortgages Trust DE 8.01,9.01 12/27/04 MASTR Adjustable Rate Mortgages Trust DE 8.01,9.01 12/27/04 MASTR Adjustable Rate Mortgages Trust DE 8.01,9.01 12/27/04 MASTR Adjustable Rate Mortgages Trust DE 8.01,9.01 12/27/04 MASTR ASSET SECURITIZATION TRUST 2003 DE 8.01,9.01 12/27/04 MASTR ASSET SECURITIZATION TRUST 2004 DE 8.01,9.01 12/27/04 MASTR Asset Securitization Trust 2004 DE 8.01,9.01 12/27/04 MASTR ASSET SECURITIZATION TRUST 2004 DE 8.01,9.01 12/27/04 MASTR Asset Securitization Trust 2004 DE 8.01,9.01 12/27/04 MASTR Asset Securitization Trust 2004 DE 8.01,9.01 12/27/04 MASTR Seasoned Securitization Trust 2 DE 8.01,9.01 12/27/04 MATRIA HEALTHCARE INC DE 1.01,5.03 12/30/04 MATRIX SERVICE CO DE 2.02,9.01 01/06/05 MEDICALCV INC MN 1.01,3.02,8.01,9.01 12/31/04 MEDTRONIC INC MN 8.01,9.01 01/05/05 MERCURY INTERACTIVE CORP DE 8.01,9.01 12/31/04 MERISEL INC /DE/ DE 4.01,9.01 01/06/05 Meritage Homes CORP MD 2.02,9.01 01/06/05 MERRILL LYNCH INVESTORS TRUST SERIES DE 8.01,9.01 12/27/04 MERRILL LYNCH MORT INV INC MLMI Serie DE 8.01,9.01 12/27/04 MERRIMAC INDUSTRIES INC DE 5.02 01/01/05 METALINE CONTACT MINES WA 1.01,9.01 01/06/05 METROMEDIA INTERNATIONAL GROUP INC DE 8.01,9.01 01/05/05 METROMEDIA INTERNATIONAL GROUP INC DE 8.01,9.01 01/06/05 METROPCS INC 1.01 01/04/05 MHI Hospitality CORP MD 1.01 12/31/04 MIAD SYSTEMS LTD A6 4.01,9.01 12/16/04 AMEND MICROS SYSTEMS INC MD 8.01 01/05/05 MILESTONE SCIENTIFIC INC/NJ DE 3.01,9.01 01/04/05 MISSION COMMUNITY BANCORP CA 5.02,9.01 01/01/05 MISSISSIPPI POWER CO MS 1.01,9.01 01/03/05 MOONEY AEROSPACE GROUP LTD DE 1.03,2.01,3.01,9.01 12/15/04 MORGAN STANLEY ABS CAPITAL I - MOR PA DE 8.01,9.01 12/01/04 MORGAN STANLEY ABS CAPITAL I INC TRUS DE 8.01,9.01 12/01/04 MORGAN STANLEY DEAN WITTER CAPITAL I DE 8.01,9.01 12/01/04 MORGAN STANLEY DEAN WITTER CAPITAL I DE 8.01,9.01 12/01/04 MORGAN STANLEY DEAN WITTER CAPITAL I DE 8.01,9.01 12/01/04 MORGAN STANLEY DEAN WITTER CAPITAL I DE 8.01,9.01 12/01/04 MORGAN STANLEY DEAN WITTER CAPITAL I DE 8.01,9.01 12/01/04 MORTGAGE ASSET SEC TRANS INC MASTR AD DE 8.01,9.01 12/27/04 MORTGAGE ASSET SEC TRANS INC MASTR AS DE 8.01,9.01 12/27/04 MORTGAGE ASSET SEC TRANS INC MASTR AS DE 8.01,9.01 12/27/04 MORTGAGE ASSET SEC TRANS INC MORT PAS DE 8.01,9.01 12/27/04 MORTGAGE ASSET SEC TRANS INCMASTR ASS DE 8.01,9.01 12/27/04 MORTGAGE ASSET SEC TRANS MORT PASS TH DE 8.01,9.01 12/27/04 MORTGAGE ASSET SECZT TRANS INC MORT P DE 8.01,9.01 12/27/04 MOSAIC CO 2.02,9.01 01/06/05 MOTORSPORTS EMPORIUM, INC. NV 8.01 01/06/05 MPOWER HOLDING CORP DE 1.01,2.01 01/06/05 MS STRUCTURED SATURNS SERIES 2002-1 DE 9.01 01/03/05 MS STRUCTURED SATURNS SERIES 2003-3 DE 9.01 01/03/05 MSC INDUSTRIAL DIRECT CO INC NY 2.02,9.01 01/06/05 MSC SOFTWARE CORP DE 3.01 01/03/05 MTI TECHNOLOGY CORP DE 1.01,9.01 12/30/04 MTM Technologies, Inc. NY 1.01,9.01 01/03/05 NATIONAL BEEF PACKING CO LLC DE 1.01,2.03,9.01 12/30/04 NATIONAL RESEARCH CORP WI 5.02,5.03,9.01 01/01/05 NATIONAL SEMICONDUCTOR CORP DE 8.01 01/06/05 NAVIGANT INTERNATIONAL INC DE 8.01,9.01 01/06/05 NAVIGANT INTERNATIONAL INC DE 8.01 01/06/05 NBC ACQUISITION CORP DE 1.01,9.01 01/06/05 NCO GROUP INC PA 1.01,9.01 12/30/04 NCRIC GROUP INC DC 1.01,9.01 12/30/04 NCT GROUP INC DE 1.01,2.03,3.02 12/31/04 NEBRASKA BOOK CO KS 1.01,9.01 01/06/05 NEIMAN MARCUS GROUP INC DE 7.01 01/06/05 NEOSE TECHNOLOGIES INC DE 5.02,9.01 01/06/05 New Century Energy Corp. CO 3.02,9.01 12/30/04 New York & Company, Inc. 7.01,9.01 01/05/05 NEXTEL PARTNERS INC DE 1.01,5.02,9.01 12/31/04 NOBILITY HOMES INC FL 5.01 12/31/04 NORDSON CORP OH 1.01 01/06/05 NORSTAN INC MN 7.01,9.01 01/06/05 NORTHWEST PIPELINE CORP DE 5.02 01/03/05 NU HORIZONS ELECTRONICS CORP DE 2.02,9.01 11/30/04 NVR INC VA 8.01,9.01 01/05/05 NYFIX INC DE 1.01,9.01 01/01/05 OAK HILL FINANCIAL INC OH 8.01,9.01 01/06/05 OAK RIDGE MICRO-ENERGY INC CO 8.01 12/22/04 OAK RIDGE MICRO-ENERGY INC CO 8.01,9.01 05/10/04 AMEND OCA, INC. / DE / DE 1.01,9.01 11/05/04 OCCIDENTAL PETROLEUM CORP /DE/ DE 8.01 01/05/05 OCEANEERING INTERNATIONAL INC DE 7.01 01/06/05 OFFICEMAX INC DE 1.01,5.02,9.01 12/31/04 OPTION ONE MORTGAGE ACCEPTANCE CORP DE 8.01,9.01 01/05/05 OSCIENT PHARMACEUTICALS CORP MA 1.01,9.01 01/01/05 OSTEOTECH INC DE 2.02,2.06,9.01 12/30/04 OVERLAND STORAGE INC CA 2.02,9.01 01/06/05 OWENS & MINOR INC/VA/ VA 1.01,5.02,9.01 12/31/04 PACEL CORP VA 2.01,9.01 01/01/05 PACIFIC GAS & ELECTRIC CO CA 1.01,9.01 01/06/05 PANERA BREAD CO DE 7.01,9.01 01/06/05 PARKER DRILLING CO /DE/ DE 8.01 01/04/04 PAXSON COMMUNICATIONS CORP DE 7.01,9.01 01/06/05 PAYLESS SHOESOURCE INC /DE/ DE 7.01 01/05/05 PENNS WOODS BANCORP INC PA 5.02 12/31/04 PENWEST PHARMACEUTICALS CO WA 1.01 01/03/05 PEOPLES HOLDING CO MS 1.01,2.01,5.02,9.01 01/01/05 PEOPLESOFT INC DE 1.01 12/31/04 PERFORMANCE FOOD GROUP CO TN 1.01,9.01 01/01/05 PETROHAWK ENERGY CORP DE 1.01,3.03,8.01 12/31/04 PG&E CORP CA 1.01,9.01 01/06/05 PHH CORP MD 8.01,9.01 01/06/05 PHOTRONICS INC CT 1.01 01/04/05 PIEDMONT NATURAL GAS CO INC NC 1.01 01/03/05 PITNEY BOWES INC /DE/ DE 8.01,9.01 12/31/04 PLACER SIERRA BANCSHARES CA 1.01,5.02,9.01 01/03/05 PLUMAS BANCORP CA 1.01,9.01 12/24/04 PLUMAS BANCORP CA 1.01,9.01 12/23/04 POPE RESOURCES LTD PARTNERSHIP DE 2.02,9.01 01/06/05 PREMIER ENTERTAINMENT BILOXI LLC DE 1.01,9.01 01/06/05 PRIDE INTERNATIONAL INC DE 1.01,9.01 01/03/05 Prime 2004-CL1 DE 8.01,9.01 12/27/04 PRIME MORTGAGE TRUST 2003-1 NY 8.01,9.01 12/27/04 PRIME MORTGAGE TRUST MORTGAGE PASS-TH DE 8.01,9.01 12/27/04 QMED INC DE 2.02,9.01 01/05/05 RAYOVAC CORP WI 7.01,8.01,9.01 01/05/05 REALTY INCOME CORP MD 1.01,9.01 01/01/05 REDBACK NETWORKS INC DE 1.01 01/06/05 REDHOOK ALE BREWERY INC WA 5.02 07/05/04 REDWOOD TRUST INC MD 1.01,9.01 01/01/05 REGAL BELOIT CORP WI 2.01,3.02,3.03,9.01 12/31/04 REGAL BELOIT CORP WI 7.01,9.01 01/06/05 REGENERON PHARMACEUTICALS INC NY 1.01 12/31/04 REGENERX BIOPHARMACEUTICALS INC DE 3.02,9.01 12/31/04 RENOVIS INC DE 1.01,9.01 01/03/05 RESIDENTIAL FUNDING MORTGAGE SECURITI DE 8.01,9.01 01/06/05 RESTORATION HARDWARE INC CA 7.01,9.01 01/06/05 RF MONOLITHICS INC /DE/ DE 1.01,1.02,9.01 01/06/05 ROCKY MOUNTAIN CHOCOLATE FACTORY INC CO 2.02,7.01,9.01 01/05/05 AMEND ROLLINS INC DE 8.01 01/04/05 RPM INTERNATIONAL INC/DE/ DE 2.02,9.01 01/06/05 RYERSON TULL INC /DE/ DE 2.01,9.01 01/04/05 SABINE ROYALTY TRUST TX 2.02,9.01 01/05/05 SAFECO CORP WA 1.01 01/05/05 SAKS CREDIT CARD MASTER TRUST NV 1.01,8.01,9.01 12/29/04 SAKS 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01/05/05 SPX CORP DE 1.01,2.01,9.01 01/02/05 STANCORP FINANCIAL GROUP INC OR 1.01,8.01,9.01 12/10/04 STANDARD REGISTER CO OH 7.01,9.01 01/06/05 STEPHAN CO FL 5.02 12/31/04 STRUCTURED ASSET MORT INV II INC PRIM DE 8.01,9.01 12/27/04 SUBURBAN PROPANE PARTNERS LP DE 7.01,8.01,9.01 01/06/05 SUNCOAST BANCORP INC FL 3.02 12/31/04 SUNRISE ENERGY RESOURCES INC DE 1.01,2.01,3.02,5.01,5.03,8.01 01/03/05 TARGET CORP MN 8.01,9.01 01/06/05 TECH DATA CORP FL 1.01,9.01 12/31/04 TECHNOLOGY FUNDING VENTURE PARTNERS I DE 8.01 01/06/05 TECO ENERGY INC FL 8.01,9.01 01/06/05 TELVUE CORP DE 5.02 01/01/05 TENET HEALTHCARE CORP NV 1.01,1.02 12/31/04 TENGASCO INC TN 5.02,8.01,9.01 01/05/05 TEREX CORP DE 1.01,9.01 01/01/05 TERREMARK WORLDWIDE INC DE 1.01,2.01,2.03,3.02,9.01 12/31/04 THACKERAY CORP DE 1.01,9.01 12/10/04 TOPPS CO INC DE 2.02 01/06/05 TOYS R US INC DE 2.02,9.01 01/06/05 TRANS WORLD ENTERTAINMENT CORP NY 7.01,9.01 01/05/05 TRANSCONTINENTAL GAS PIPE LINE CORP DE 5.02 01/03/05 TRANSDIGM INC DE 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