SEC NEWS DIGEST Issue 2006-119 June 21, 2006 COMMISSION ANNOUNCEMENTS SEC ADOPTS NEW RULES AND AMENDMENTS FOR FUND OF FUNDS INVESTMENTS AND DISCLOSURE On June 20, the Commission adopted three new rules and amendments to several forms under the Investment Company Act that address "fund of funds arrangements." The new rules will codify several exemptions from the Act that the Commission has issued over the years, and will provide greater transparency of expenses investors in these arrangements pay. Fund of funds arrangements are created when a mutual fund or other type of investment company invests in shares of another investment company. The Investment Company Act imposes restrictions on these arrangements to prevent abusive "pyramiding" schemes. The Commission is today adopting two types of regulatory changes. 1. Three new rules codify exemptions the Commission has issued by order over the past decade in circumstances that do not create risks for the fund or investors. Rule 12d-1-1 permits "cash sweep arrangements," under which a stock or bond fund may invest its available cash in a money market fund. Rule 12d-2 permits greater flexibility to a fund of funds arrangement that invests exclusively or primarily in funds in the same fund group. Rule 12d-3 permits greater flexibility for a fund that invests small amounts in many unaffiliated funds to structure the sales load it charges (but does not increase the overall amount charged). Funds and their advisers will no longer have to file routine exemptive applications in these circumstances, eliminating the need for SEC staff review of the applications and allowing staff more time to focus on exemptive applications that present new issues. 2. Amendments to Forms N-1A, N-2, N-3, N-4, and N-6 require a registered fund that invests any of its assets in another fund, including an unregistered fund such as a hedge fund, to disclose in its fee table the cumulative amount of expenses charged by the fund and any fund in which it invests. Currently, the fee table information does not generally include information about fees and expenses charged by the funds in which the fund of funds invests. The increased transparency of fund of funds expenses is intended to allow investors to understand and more easily to compare the relative costs of different fund of funds arrangements. New rules 12d1-1, 12d1-2, and 12d1 3 will become effective on July 31, 2006. All new registration statements on Forms N-1A, N-2, N-3, N-4, and N-6, and all post-effective amendments that are annual updates to effective registration statements on any of those forms filed on or after Jan. 2, 2007, must include the disclosure required by the form amendments. (Press Rel. 2006-100) RULES AND RELATED MATTERS FUND OF FUNDS INVESTMENTS On June 20, the Commission issued a release adopting new Rules 12d1-1, 12d1-2, and 12d1 3 under the Investment Company Act of 1940 (Act) and amendments to disclosure forms N-1A, N-2, N-3, N-4, and N-6. The new rules codify certain exemptions for funds that invest in other funds (funds of funds) that the Commission has provided in orders. Rule 12d-1 -1 permits "cash sweep arrangements," under which a stock or bond fund may invest its available cash in a money market fund; Rule 12d-2 permits greater flexibility to a fund of funds arrangement that invests exclusively or primarily in funds in the same fund group; and Rule 12d-3 permits greater flexibility for a fund that invests small amounts in many unaffiliated funds to structure the sales load it charges (but does not increase the overall amount charged). The Commission also adopted amendments to disclosure forms that funds use to register under the Act and to offer their shares under the Securities Act of 1933. The amendments require any fund that invests in another fund to include in its prospectus fee table an additional line item that discloses the costs of investing in underlying funds. New Rules 12d1-1, 12d1-2, and 12d1 3 will become effective on July 31, 2006. All new registration statements on Forms N-1A, N-2, N-3, N-4, and N-6, and all post-effective amendments that are annual updates to effective registration statements on any of those forms filed on or after Jan. 2, 2007, must include the disclosure required by the form amendments. (Rels. 33-8713; IC 27399) ENFORCEMENT PROCEEDINGS IN THE MATTER OF DOMINICK SAVINO An Administrative Law Judge has issued an Initial Decision in the matter of Dominick J. Savino. The Initial Decision finds that Dominick J. Savino (Savino) was permanently enjoined by the United States District Court for the Southern District of New York from future 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. Based on this injunction, and pursuant to Section 15(b) of the Securities Exchange Act of 1934, the Initial Decision bars Savino from association with any broker or dealer. (Initial Decision No. 313; File No.3-12239) COMMISSION REVOKES REGISTRATIONS OF SECURITIES OF UNIVERSAL MEDICAL SYSTEMS, INC. FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS On June 21, the Commission revoked the registration of each class of registered securities of Universal Medical Systems, Inc. (Universal) for failure to make required periodic filings with the Commission. Without admitting or denying the findings of the order, except as to jurisdiction, which it admitted, Universal consented to the entry of an order finding that it had failed to comply with 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 Universal's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against it in the Matter of Universal Medical Systems, Inc. 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 . . . . For further information see 34-53915 (June 1, 2006). (Rel. 34-54022; File No. 3-12314) PERMANENT INJUNCTION ASSESSED AGAINST GEORGE CANNAN, SR. The Commission announced that on June 19, 2006, the United States District Court for the Southern District of Texas entered a Final Judgment against Defendant George J. Cannan, Sr., based on his consent. Cannan, Sr., without admitting or denying the allegations of the complaint, consented to an order of permanent injunction which permanently restrained and enjoined him from violating, directly or indirectly, the anti-fraud and reporting provisions of the Exchange Act as well as other provisions of the Securities laws, including, Exchange Act Sections 10(b) (and Rule 10b-5 thereunder), 13(a), 13(d)(1) (and Rules 13d-1 and 13d-2 thereunder), 15(a)(1) and 16(a) (and Rule 16a-3 thereunder) and Securities Act Sections 5 and 17(a) and Rule 101 of Regulation M under the Exchange Act. The order also bars Cannan Sr. for five years from acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act or that is required to file reports pursuant to Section 15(d). Further, the order requires Cannan, Sr., to pay a civil penalty in the amount of $75,000. [SEC v. Carl R. Rose, et al., Civil Action No. H-04-CV-2799] (LR-19732) JUDGE GRANTS COMMISSION AND RECEIVER'S JOINT MOTION TO HOLD DEFENDANTS GLENN A. SHERMAN AND ROBERT J. WILDEMAN IN CONTEMPT The Commission announced today that in SEC v. Northshore Asset Management, et al., CV 05-2192 (RO) (S.D.N.Y.), Judge Richard Owen granted the Commission and the Court-appointed receiver's joint motion to hold two defendants, Glenn A. Sherman (Sherman) and Robert J. Wildeman (Wildeman), in contempt of court. On Feb. 16, 2005, the Commission filed SEC v. Northshore, alleging that, in April 2003, defendant Northshore Asset Management LLC (Northshore) and its three largest shareholders, defendants Kevin Kelley (Kelley), Sherman, and Wildeman, obtained control over the defendants Saldutti Capital Management, L.P. (SCM) and two hedge funds, defendants Ardent Research Partners L.P. and Ardent Research Partners Ltd. (together, the Ardent Funds) and fraudulently proceeded to divert tens of millions of dollars of the Ardent Funds' cash assets to Kelley, Sherman, and Wildeman's own personal use (including purported personal loans and self-dealing investments). Consequently, the Ardent Funds became illiquid and were unable to meet investor redemption requests. In October, 2005, the Commission filed a First Amended Complaint that added securities fraud claims against defendant Francis J. Saldutti, the Ardent Funds' founder and investment adviser, and Douglas Ballew, Northshore's former CFO. On Feb. 25, 2005 and March 10, 2005, the Court granted the Commission's motion for a preliminary injunction enjoining all previously-named defendants from violating the federal securities laws, freezing their assets (subject to certain limited exceptions), and appointing a receiver for defendants Northshore, SCM, and the Ardent Funds. The Court's injunctive orders, among other things, specifically granted the receiver exclusive control of Northshore's bank accounts and prevented the defendants from withdrawing, transferring, or concealing any assets from these accounts. Notwithstanding the Court's injunctive orders, on two occasions in March 2005, Wildeman, at Sherman's direction, invaded a Northshore safe deposit box and removed all of its contents. Upon learning of Wildman and Sherman's actions, the Commission and receiver jointly moved for contempt sanctions. After a hearing at which Wildeman testified and Sherman asserted his Fifth Amendment right against self-incrimination, the Court ruled that Wildeman and Sherman willfully disregarded the Court's injunctive orders by invading the Northshore safe deposit box and removing its contents. The Court awarded the receiver attorneys' fees and related costs, ordered certain other relief, and "[g]iven [Wildeman and Sherman's] unremorseful behavior and many contrived excuses," imposed $2,500 in punitive damages on both Wildeman and Sherman. [SEC v. Northshore Asset Management, LLC, Ardent Research Partners, L.P., Ardent Research Partners, Ltd., Saldutti Capital Management, L.P., Kevin Kelley, Robert Wildeman, Glenn Sherman, Douglas Ballew, and Francis J. Saldutti, Civil Action No. 05 Civ. 2192 (RO) (S.D.N.Y.)] (LR-19733) SELF-REGULATORY ORGANIZATIONS PROPOSED RULE CHANGES The New York Stock Exchange filed a proposed rule change (SR-NYSE- 2006-43) to amend the NYSE Listed Company Manual Section 902.02 relating to initial listing and annual fees for any company listed on NYSE Arca, Inc. that transfers the listing of its primary class of common shares to NYSE. Publication is expected in the Federal Register during the week of June 19. (Rel. 34-54008) The Chicago Board Options Exchange filed a proposed rule change (SR- CBOE-2006-01) and Amendment No.1 thereto regarding a Disaster Recovery Facility. Publication is expected in the Federal Register during the week of June 19. (Rel. 34-54014) APPROVAL OF PROPOSED RULE CHANGES The Commission approved a proposed rule change (SR-NYSE-2006-05) and Amendments No. 1 and 2 thereto submitted by the New York Stock Exchange (n/k/a New York Stock Exchange LLC), relating to amendments to the interpretation of NYSE Rule 345 (Employees - Registration, Approval, Records). Publication is expected in the Federal Register during the week of June 19. (Rel. 34-54012) The Commission approved a proposed rule change (SR-NYSE-2006-17) filed by the New York Stock Exchange, as amended by Amendment No. 1, and granted accelerated approval to Amendment No. 2, relating to listing and trading shares of the iShares GSCI Commodity Indexed Trust under New Rules 1300B and 1301B, et seq. Publication is expected in the Federal Register during the week of June 19. (Rel. 34-54013) IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGE A proposed rule change (SR-NASD-2006-067) filed by the National Association of Securities Dealers to modify NASD Rule 7010(c)(2) to allow NASD members to receive transaction credits for automated executions in Tape B securities on an estimated monthly basis has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of June 19. (Rel. 34-54015) 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 ALBEMARLE CORP, 330 SOUTH FOURTH STREET, P O BOX 1335, RICHMOND, VA, 23218, 8047886000 - 0 ($3,386,250.00) Equity, (File 333-135145 - Jun. 20) (BR. 06C) S-1 OTIS SPUNKMEYER HOLDINGS INC, 14490 CATALINA STREET, SAN LEANDRO, CA, 94577, (510) 357-9836 - 0 ($230,000,000.00) Equity, (File 333-135146 - Jun. 20) (BR. 04) S-8 ULTRA CLEAN HOLDINGS INC, 330,027 ($2,557,511.00) Equity, (File 333-135147 - Jun. 20) (BR. 10C) S-1 BioVex Group, Inc., 245 FIRST STREET, SUITE 1800, CAMBRIDGE, MA, 02142, 617-444-8445 - 0 ($45,000,000.00) Equity, (File 333-135148 - Jun. 20) (BR. 01) S-8 MCINTOSH BANCSHARES INC /GA/, 210 SOUTH OAK ST P.O.BOX 3818, JACKSON, GA, 30233, 4047758300 - 0 ($5,320,000.00) Equity, (File 333-135149 - Jun. 20) (BR. 07C) S-8 NEWELL RUBBERMAID INC, 29 E STEPHENSON ST, NEWELL CTR, FREEPORT, IL, 61032, 8152354171 - 5,000,000 ($123,300,000.00) Equity, (File 333-135152 - Jun. 20) (BR. 06B) S-8 NEWELL RUBBERMAID INC, 29 E STEPHENSON ST, NEWELL CTR, FREEPORT, IL, 61032, 8152354171 - 17,436,840 ($429,992,474.40) Equity, (File 333-135153 - Jun. 20) (BR. 06B) S-8 COMPASS BANCSHARES INC, 15 SOUTH 20TH ST, P O BOX 10566, BIRMINGHAM, AL, 35233, 2059333000 - 4,500,000 ($245,115,000.00) Equity, (File 333-135154 - Jun. 20) (BR. 07B) S-8 T-3 ENERGY SERVICES INC, 13111 NORTHWEST FREEWAY, SUITE 500, HOUSTON, TX, 77040, 713 996 4110 - 1,000,000 ($18,510,000.00) Equity, (File 333-135155 - Jun. 20) (BR. 04B) S-8 PATRIOT SCIENTIFIC CORP, 10989 VIA FRONTERA, SAN DIEGO, CA, 92127, 8586745000 - 5,000,000 ($5,150,000.00) Equity, (File 333-135156 - Jun. 20) (BR. 11C) S-8 CORONADO INDUSTRIES INC, 16929 EAST ENTERPRISE DRIVE, SUITE 202, FOUNTAIN HILLS, AZ, 85268, 6028376810 - 20,000,000 ($840,000.00) Equity, (File 333-135157 - Jun. 20) (BR. 10A) S-3 CAS MEDICAL SYSTEMS INC, 44 EAST INDUSTRIAL ROAD, BRANFORD, CT, 06405, 2034886056 - 1,486,500 ($8,190,615.00) Equity, (File 333-135158 - Jun. 20) (BR. 10A) S-3ASR FEDERAL REALTY INVESTMENT TRUST, 1626 EAST JEFFERSON STREET, ROCKVILLE, MD, 20852-4041, 3019988100 - 0 ($0.00) Unallocated (Universal) Shelf, (File 333-135159 - Jun. 20) (BR. 08B) S-3 PERMIAN BASIN ROYALTY TRUST, BANK OF AMERICA N A TRUST DEPARTMENT, P O BOX 1317 NK OF TEXAS NA TRUST DEPT, FT WORTH, TX, 76102, 8173906905 - 9,620,741 ($141,328,685.29) Equity, (File 333-135160 - Jun. 20) (BR. 04B) S-3 POSITRON CORP, 1304 LANGHAM CREEK DRIVE, SUITE 310, HOUSTON, TX, 77048, 2814927100 - 72,727,273 ($4,000,000.02) Other, (File 333-135161 - Jun. 20) (BR. 10C) S-3ASR CITIGROUP INC, 399 PARK AVENUE, NEW YORK, NY, 10043, 2125591000 - 0 ($0.00) Other, (File 333-135163 - Jun. 20) (BR. 07A) S-4 GATX FINANCIAL CORP, 500 W MONROE ST, CHICAGO, IL, 60661-3676, 4159553200 - 0 ($200,000,000.00) Non-Convertible Debt, (File 333-135164 - Jun. 20) (BR. 05B) S-8 JURAK CORP WORLD WIDE INC, 7115 BERMUDA, LAS VEGAS, NV, 89119, 8005288911 - 5,000,000 ($1,750,000.00) Equity, (File 333-135165 - Jun. 20) (BR. 04A) S-3 AB MORTGAGE SECURITIES CORP, 91 WESTBOROUGH BLVD, STE 200, SAN FRANCISCO, CA, 94080, 6509521000 - 0 ($1,000,000.00) Mortgage Backed Securities, (File 333-135166 - Jun. 20) (BR. 07) S-8 IKANOS COMMUNICATIONS, 47669 FREMONT BLVD., FREMONT, CA, 94538, (510) 979-0400 - 0 ($19,485,162.13) Equity, (File 333-135167 - Jun. 20) (BR. 11) SB-2 POWERLINX INC, 200 MADONNA BLVD., TIERRA VERDE, FL, 33715, 7278667440 - 3,426,927 ($6,359,289.00) Equity, (File 333-135168 - Jun. 20) (BR. 11C) S-3 FAVRILLE INC, 0 ($6,420.00) Unallocated (Universal) Shelf, (File 333-135169 - Jun. 20) (BR. 01B) S-4 SOUTHERN COPPER CORP/, 2575 EAST CAMELBACK ROAD, SUITE 500, PHOENIX, AZ, 85016, (602) 977-6595 - 0 ($400,000,000.00) Debt, (File 333-135170 - Jun. 20) (BR. 04A) 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 8K ITEM NO. NAME OF ISSUER CODE DATE COMMENT ------------------------------------------------------------------------------------------------------- ABERCROMBIE & FITCH CO /DE/ DE 5.05,9.01 06/14/06 ACCESS WORLDWIDE COMMUNICATIONS INC DE 2.04 06/15/06 ACR GROUP INC TX 1.01,2.03,7.01,9.01 06/14/06 ACTUANT CORP WI 2.02,9.01 06/20/06 Advance Nanotech, Inc. CO 3.03,5.03,9.01 06/19/06 AEP INDUSTRIES INC DE 1.01,9.01 06/14/06 AKSYS LTD DE 8.01,9.01 06/08/06 ALANCO TECHNOLOGIES INC AZ 3.01,9.01 06/19/06 ALBERTO CULVER CO DE 8.01,9.01 06/19/06 ALLEGHANY CORP /DE DE 3.03,5.03,8.01,9.01 06/20/06 ALLOY INC DE 3.01,9.01 06/15/06 AMERICAN COMMERCIAL LINES INC. DE 8.01,9.01 06/19/06 AMERICAN MEDICAL SYSTEMS HOLDINGS INC DE 1.01,5.02,9.01 06/15/06 AMERICAN UNITED GLOBAL INC DE 1.01,2.03,3.02 06/14/06 AMERUS GROUP CO/IA IA 1.01,9.01 06/16/06 ANDREW CORP DE 1.01,2.03,9.01 06/16/06 APAC CUSTOMER SERVICE INC IL 7.01 06/20/06 APARTMENT INVESTMENT & MANAGEMENT CO MD 8.01,9.01 06/20/06 APOLLO GROUP INC AZ 7.01,9.01 06/19/06 APOLLO GROUP INC AZ 2.02,9.01 06/20/06 Apple REIT Seven, Inc. VA 2.01,9.01 06/19/06 APPLETON PAPERS INC/WI 5.02 06/20/06 APPLIED MICRO CIRCUITS CORP DE 1.01 06/14/06 ARCH CHEMICALS INC VA 1.01,1.02,2.03,9.01 06/15/06 ARMOR HOLDINGS INC DE 9.01 05/25/06 AMEND ASCENDANT SOLUTIONS INC DE 1.01,2.03 06/14/06 ASTEC INDUSTRIES INC TN 4.01,9.01 06/20/06 ATLAS AMERICA INC DE 7.01 06/16/06 ATLAS AMERICA INC DE 5.03 06/15/06 ATLAS PIPELINE PARTNERS LP DE 7.01 06/16/06 ATP OIL & GAS CORP TX 1.01 06/14/06 AVANIR PHARMACEUTICALS CA 8.01,9.01 06/19/06 AVISTA CORP WA 8.01 06/16/06 AVOCENT CORP DE 1.01,2.03,7.01,9.01 06/16/06 AXONYX INC NV 8.01,9.01 06/20/06 BANK ONE AUTO SECURITIZATION TRUST 20 DE 8.01,9.01 06/20/06 BEAZER HOMES USA INC DE 2.03,9.01 06/20/06 BERKSHIRE HILLS BANCORP INC 7.01,9.01 06/20/06 BLACKBAUD INC 1.01,9.01 06/14/06 BNCCORP INC DE 1.01,7.01,9.01 06/14/06 BREDA TELEPHONE CORP IA 1.01,5.02 06/14/06 BRIGHAM EXPLORATION CO DE 2.02,7.01,9.01 06/19/06 BRIGHAM EXPLORATION CO DE 4.01,9.01 06/15/06 BSD MEDICAL CORP DE 7.01,9.01 06/20/06 CAL-BAY INTERNATIONAL INC NV 8.01 05/20/06 CALIFORNIA PIZZA KITCHEN INC DE 1.01,8.01,9.01 06/14/06 CALPINE CORP DE 7.01,9.01 02/28/06 CAPITAL ALLIANCE INCOME TRUST REAL ES DE 8.01 06/16/06 CARPENTER TECHNOLOGY CORP DE 7.01,8.01,9.01 06/20/06 CARRIZO OIL & GAS INC TX 1.02 06/15/06 CASELLA WASTE SYSTEMS INC DE 2.02,9.01 06/20/06 Caterpillar Financial Asset Trust 200 8.01,9.01 06/20/06 CELLEGY PHARMACEUTICALS INC CA 9.01 04/11/06 AMEND CENDANT CORP DE 1.01,7.01,9.01 06/15/06 CENTRAL FREIGHT LINES INC NV 7.01,9.01 06/20/06 CFS BANCORP INC IN 7.01,9.01 06/20/06 CHARTERMAC DE 8.01,9.01 06/16/06 CHEROKEE INTERNATIONAL CORP DE 4.01 06/14/06 China Industrial Waste Management Inc NV 4.01 06/19/06 CHRISTOPHER & BANKS CORP DE 2.02,9.01 06/20/06 Citigroup Mortgage Loan Trust 2006-WF 2.01,9.01 05/16/06 CIVITAS BANKGROUP INC TN 5.02 06/15/06 CLARIENT, INC DE 1.01,8.01,9.01 06/19/06 CLEAN WATER TECHNOLOGIES INC DE 5.03,8.01,9.01 06/19/06 CNL Hotels & Resorts, Inc. MD 8.01,9.01 06/20/06 CNL Hotels & Resorts, Inc. MD 7.01 06/20/06 COACTIVE MARKETING GROUP INC DE 1.01,1.02,5.02,9.01 06/14/06 COHESANT TECHNOLOGIES INC DE 2.02,8.01,9.01 06/20/06 COLDWATER CREEK INC DE 3.01,9.01 06/14/06 Cole Credit Property Trust II Inc MD 8.01,9.01 06/20/06 COLLEGIATE PACIFIC INC DE 1.01,7.01,9.01 06/16/06 COLONIAL BANCGROUP INC DE 7.01,9.01 06/20/06 COLONY RIH HOLDINGS INC DE 1.01,9.01 06/19/06 Columbia Equity Trust, Inc. MD 7.01 06/19/06 Columbia Equity Trust, Inc. MD 7.01 05/22/06 COMMERCIAL METALS CO DE 2.02,9.01 06/20/06 COMPETITIVE TECHNOLOGIES INC DE 8.01,9.01 06/15/06 CONNETICS CORP DE 1.01,9.01 06/19/06 CONTINENTAL MATERIALS CORP DE 8.01,9.01 06/19/06 COOPER TIRE & RUBBER CO DE 1.01,9.01 06/16/06 CORGENTECH INC DE 1.01,9.01 06/19/06 COUNTRYWIDE FINANCIAL CORP DE 1.01,9.01 06/14/06 COVENTRY HEALTH CARE INC DE 7.01,9.01 06/20/06 CREDO PETROLEUM CORP CO 8.01,9.01 06/20/06 CROSS TIMBERS ROYALTY TRUST TX 2.02,9.01 06/20/06 CROWLEY MARITIME CORP DE 3.02 06/15/06 CULP INC NC 1.01 06/14/06 CYTOGEN CORP DE 5.02,9.01 06/20/06 DARDEN RESTAURANTS INC FL 1.01,2.02,9.01 06/15/06 DEL GLOBAL TECHNOLOGIES CORP NY 8.01,9.01 06/19/06 DEL GLOBAL TECHNOLOGIES CORP NY 2.02,9.01 06/20/06 DELPHI CORP DE 1.01,8.01,9.01 06/19/06 DIGITAL POWER CORP CA 3.01,9.01 06/15/06 DOCUCORP INTERNATIONAL INC DE 1.01,2.03,7.01,9.01 06/15/06 DOLLAR TREE STORES INC VA 7.01,9.01 06/19/06 DOVER MOTORSPORTS INC DE 1.02,5.02 06/19/06 DYNAMIC HEALTH PRODUCTS INC FL 4.02 11/21/05 Eastern Insurance Holdings, Inc. PA 8.01,9.01 06/20/06 ELANDIA, INC. DE 5.02 06/14/06 EMERGE INTERACTIVE INC DE 3.01,9.01 06/16/06 EMERGING DELTA CORP DE 8.01,9.01 03/31/06 AMEND EMMIS COMMUNICATIONS CORP IN 8.01,9.01 06/19/06 ENSTAR GROUP INC GA 8.01,9.01 06/16/06 EQUITY RESIDENTIAL MD 5.02 06/19/06 EQUUS II INC DE 4.01,9.01 06/14/06 EVANS BOB FARMS INC DE 1.01,9.01 06/20/06 EXACT SCIENCES CORP DE 7.01,9.01 06/20/06 FACTSET RESEARCH SYSTEMS INC DE 2.02,9.01 05/31/06 FAVRILLE INC DE 7.01,9.01 06/15/06 Federal Home Loan Bank of Atlanta X1 2.03 06/14/06 Federal Home Loan Bank of Boston X1 2.03 06/14/06 Federal Home Loan Bank of Chicago X1 2.03 06/14/06 Federal Home Loan Bank of Dallas 2.03 06/14/06 Federal Home Loan Bank of Indianapoli X1 2.03,9.01 06/14/06 Federal Home Loan Bank of New York X1 2.03,5.02,9.01 06/14/06 Federal Home Loan Bank of San Francis X1 2.03 06/14/06 Federal Home Loan Bank of Seattle 2.03 06/19/06 FIFTH THIRD AUTO TRUST 2004-A 8.01,9.01 06/20/06 FIRST BUSEY CORP /NV/ NV 8.01,9.01 06/15/06 FIRST CHARTER CORP /NC/ NC 8.01,9.01 06/19/06 FIRST CHARTER CORP /NC/ NC 7.01,8.01,9.01 06/20/06 FIRST NIAGARA FINANCIAL GROUP INC DE 5.04,9.01 06/16/06 FIRSTENERGY CORP OH 8.01,9.01 06/20/06 FIRSTPLUS FINANCIAL GROUP INC NV 7.01 06/19/06 FISCHER IMAGING CORP DE 1.01,9.01 06/15/06 FNB United Corp. NC 5.02,9.01 06/15/06 Franklin Auto Trust 2005-1 DE 8.01,9.01 06/20/06 FRANKLIN COVEY CO UT 3.01 06/20/06 FRONTIER ENERGY CORP. NV 4.01 03/31/06 AMEND FSI INTERNATIONAL INC MN 2.02,9.01 06/20/06 FUSION TELECOMMUNICATIONS INTERNATION 8.01,9.01 06/19/06 GENERAL MOTORS CORP DE 8.01 06/20/06 GENERAL MOTORS CORP DE 8.01 06/20/06 GENESCO INC TN 7.01 06/20/06 GENTA INC DE/ DE 8.01,9.01 06/16/06 GLOBAL ENTERTAINMENT HOLDINGS/EQUITIE CO 1.01,1.02,7.01,9.01 06/14/06 GLOBAL MEDIA GROUP HOLDINGS INC DE 2.01,3.02,8.01,9.01 06/12/06 Golf Galaxy, Inc. MN 2.02,9.01 06/20/06 Golf Galaxy, Inc. MN 5.02 06/15/06 GOODRICH CORP NY 8.01,9.01 06/20/06 GRAMERCY CAPITAL CORP MD 8.01 06/14/06 GRANT PARK FUTURES FUND LIMITED PARTN IL 7.01 06/16/06 GREEN MOUNTAIN COFFEE ROASTERS INC DE 1.01,1.02,2.01,2.03,9.01 06/15/06 GRUBB & ELLIS CO DE 1.01,9.01 06/16/06 GUITAR CENTER INC DE 8.01,9.01 06/15/06 HANOVER CAPITAL MORTGAGE HOLDINGS INC MD 1.01,9.01 06/14/06 HARRIS INTERACTIVE INC DE 1.01,9.01 06/15/06 HEADWATERS INC DE 7.01,9.01 06/20/06 HEARTLAND EXPRESS INC NV 8.01,9.01 06/20/06 HERITAGE OAKS BANCORP CA 8.01,9.01 06/20/06 HERLEY INDUSTRIES INC /NEW DE 3.01 06/16/06 HINES REAL ESTATE INVESTMENT TRUST IN 7.01,9.01 06/20/06 HOMEBANC CORP 1.01,2.03,9.01 06/15/06 HOOKER FURNITURE CORP VA 5.02 06/15/06 HOST AMERICA CORP DE 7.01,9.01 06/19/06 HOUSERAISING, INC. NC 8.01 06/19/06 HUGOTON ROYALTY TRUST TX 2.02,9.01 06/20/06 Huntsman CORP DE 7.01 06/19/06 INLAND REAL ESTATE CORP MD 8.01,9.01 06/20/06 INTEGRATED PERFORMANCE SYSTEMS INC NY 2.02,9.01 06/14/06 INTELSAT LTD 7.01,9.01 06/20/06 Interactive Television Networks NV 1.01,9.01 06/16/06 International Gold Resources, Inc. 4.01 06/12/06 AMEND INTRUSION INC DE 3.01,9.01 06/14/06 ISCO INTERNATIONAL INC DE 7.01,8.01,9.01 06/16/06 ITT INDUSTRIES INC IN 7.01,9.01 06/20/06 IWT TESORO CORP NV 8.01,9.01 06/15/06 J P MORGAN CHASE & CO DE 9.01 06/16/06 J.P. Morgan Chase Commercial Mortgage DE 8.01,9.01 06/20/06 JEWETT CAMERON TRADING CO LTD OR 5.02 06/05/06 K TRON INTERNATIONAL INC NJ 1.01,9.01 05/12/06 KEYCORP /NEW/ OH 8.01,9.01 06/20/06 KEYSTONE AUTOMOTIVE INDUSTRIES INC CA 1.01 06/13/06 AMEND KIRBY CORP NV 1.01,9.01 06/14/06 KROGER CO OH 2.02,7.01,9.01 06/20/06 Lazard Ltd D0 5.02,9.01 06/19/06 LEHMAN ABS CORP BACKED TRUST CERTS SE DE 8.01 06/16/06 LEXAR MEDIA INC DE 8.01,9.01 06/16/06 LIFECORE BIOMEDICAL INC MN 5.02,9.01 06/15/06 LIFEWAY FOODS INC IL 7.01 06/19/06 LOGICVISION INC DE 4.01,9.01 06/15/06 LORAL SPACE & COMMUNICATIONS INC. DE 1.01,5.02 06/14/06 LTV CORP DE 8.01,9.01 06/20/06 LUMINENT MORTGAGE CAPITAL INC 7.01 06/20/06 LYNCH CORP IN 7.01 06/20/06 MAGNUS INTERNATIONAL RESOURCES, INC. NV 3.02,8.01,9.01 06/08/06 MAJESTIC STAR CASINO LLC IN 8.01 06/20/06 MANAKOA SERVICES CORP NV 8.01,9.01 06/15/06 MANPOWER INC /WI/ WI 1.01,2.03 06/14/06 MARCH INDY INTERNATIONAL INC NV 4.01,9.01 06/08/06 MARGO CARIBE INC PR 5.02,7.01,9.01 06/15/06 MASTR ASSET BACKED SECURITIES TRUST 2 DE 2.01,9.01 02/21/06 AMEND MASTR Asset Backed Securities Trust 2 DE 2.01,9.01 03/09/06 AMEND MEASUREMENT SPECIALTIES INC NJ 2.02,9.01 06/19/06 MEDCATH CORP DE 8.01,9.01 06/20/06 MEMRY CORP DE 1.01,9.01 06/14/06 MEREDITH CORP IA 8.01,9.01 06/20/06 MERRILL LYNCH DEPOSITOR INC PREFERRED DE 8.01,9.01 06/01/06 MERRILL LYNCH DEPOSITOR INC PREFERRED DE 8.01,9.01 06/01/06 MERRILL LYNCH DEPOSITOR INC PREFERRED DE 8.01,9.01 06/01/06 MESA OFFSHORE TRUST TX 7.01,9.01 06/20/06 MESA ROYALTY TRUST/TX TX 7.01,9.01 06/20/06 METROLOGIC INSTRUMENTS INC NJ 8.01,9.01 06/15/06 MHI Hospitality CORP MD 1.01,9.01 06/15/06 MICROISLET INC NV 8.01 06/19/06 MICRON ENVIRO SYSTEMS INC NV 8.01,9.01 06/20/06 MIDLAND CO OH 7.01 06/19/06 MILESTONE SCIENTIFIC INC/NJ DE 3.01,5.02,9.01 06/15/06 MINRAD INTERNATIONAL, INC. 1.01,7.01,9.01 06/15/06 MIV THERAPEUTICS INC NV 4.01,5.02,9.01 06/01/06 AMEND MIVA, INC. DE 1.01,5.02,9.01 06/14/06 MKA Capital, Inc. 4.01,9.01 06/19/06 MONARCH SERVICES INC MD 8.01 06/20/06 MORGAN BEAUMONT, INC. NV 8.01 06/05/06 MortgageIT Securities Corp. DE 2.01,9.01 11/01/05 MSC SOFTWARE CORP DE 3.02 06/15/06 MSW ENERGY HOLDINGS LLC DE 1.02 06/14/06 NANOPHASE TECHNOLOGIES CORPORATION IL 1.01,9.01 06/16/06 NATIONAL HOME HEALTH CARE CORP DE 1.01,9.01 04/28/06 NATIONWIDE FINANCIAL SERVICES INC/ DE 1.01,9.01 06/16/06 NATUS MEDICAL INC DE 1.01 06/15/06 NETFLIX INC DE 7.01 06/16/06 NEUSTAR INC 1.01 06/14/06 New Century Home Equity Loan Trust 20 8.01,9.01 06/20/06 NEW RIVER PHARMACEUTICALS INC VA 8.01,9.01 06/20/06 NEXIA HOLDINGS INC NV 8.01,9.01 06/18/06 NORTHWEST PIPELINE CORP DE 7.01,9.01 06/19/06 NOVASTAR FINANCIAL INC MD 2.03,9.01 06/15/06 NS GROUP INC KY 7.01,9.01 06/20/06 NT HOLDING CORP. DE 1.01,9.01 06/17/06 OCEAN WEST HOLDING CORP DE 1.01,9.01 06/15/06 OILGEAR CO WI 1.01 06/14/06 OLD DOMINION FREIGHT LINE INC/VA VA 2.03,9.01 06/20/06 OMNOVA SOLUTIONS INC OH 2.02,9.01 06/20/06 ON SEMICONDUCTOR CORP DE 8.01,9.01 06/20/06 ONE LIBERTY PROPERTIES INC MD 9.01 06/20/06 AMEND ORTHOLOGIC CORP DE 4.01,9.01 06/14/06 OWENS ILLINOIS GROUP INC DE 1.01,2.03,9.01 06/14/06 OXFORD MEDIA, INC. NV 1.01,2.03 06/20/06 PACIFIC PREMIER BANCORP INC DE 7.01,9.01 06/20/06 PanAmSat Holding CORP DE 8.01,9.01 06/19/06 Panorama Investments Corp 1.01,1.02,2.01,5.01, 05/18/06 AMEND 5.02,5.03,5.06,9.01 PAPERWEIGHT DEVELOPMENT CORP WI 5.02 06/20/06 PAVILION BANCORP INC 8.01,9.01 06/15/06 PDG ENVIRONMENTAL INC DE 1.01,9.01 05/10/06 PDL BIOPHARMA, INC. DE 1.01,8.01 06/14/06 PEGASYSTEMS INC MA 8.01 06/15/06 PHARMOS CORP NV 8.01,9.01 06/20/06 PIEDMONT NATURAL GAS CO INC NC 1.01,2.03,9.01 06/15/06 PLACER SIERRA BANCSHARES CA 5.03 06/14/06 PLATO LEARNING INC DE 5.02,9.01 06/16/06 PLURISTEM LIFE SYSTEMS INC NV 7.01,9.01 05/22/06 PMC COMMERCIAL TRUST /TX TX 7.01,9.01 06/19/06 POWER INTEGRATIONS INC CA 1.01,9.01 06/15/06 PRAECIS PHARMACEUTICALS INC DE 1.01,2.06,7.01,9.01 06/19/06 PREMIER ENTERTAINMENT BILOXI LLC DE 1.01 06/14/06 PREMIERE GLOBAL SERVICES, INC. GA 8.01,9.01 06/19/06 PRG SCHULTZ INTERNATIONAL INC GA 1.01,3.01,9.01 06/14/06 PROGRESSIVE GAMING INTERNATIONAL CORP NV 2.02,9.01 06/19/06 Public Steers(R) Trust Certificates, DE 8.01,9.01 06/01/06 PW EAGLE INC MN 8.01 06/16/06 QORUS COM INC FL 4.01,9.01 06/15/06 RADYNE CORP DE 8.01,9.01 06/19/06 RASER TECHNOLOGIES INC UT 1.02,8.01,9.01 06/16/06 RBS GLOBAL INC DE 1.01,7.01,9.01 06/19/06 REGAL ENTERTAINMENT GROUP DE 1.01,2.03,9.01 06/14/06 RESTAURANT CO DE 2.02 06/20/06 RETAIL VENTURES INC OH 7.01,9.01 06/12/06 RF MICRO DEVICES INC NC 1.01 06/14/06 RLI CORP IL 5.02,7.01,9.01 06/20/06 ROCKWELL AUTOMATION INC DE 8.01,9.01 06/20/06 S&T BANCORP INC PA 8.01 06/19/06 SAXON CAPITAL INC MD 5.02 06/20/06 SCOTIA PACIFIC CO LLC DE 7.01,9.01 06/20/06 Searchlight Minerals Corp. NV 1.01,3.02,5.02,7.01,9.01 05/31/06 SEMTECH CORP DE 3.01,9.01 06/20/06 SIGA TECHNOLOGIES INC DE 1.01,2.03,9.01 06/19/06 SIRNA THERAPEUTICS INC DE 1.01 06/14/06 SIRONA DENTAL SYSTEMS, INC. DE 1.01,2.01,5.01,5.02,5.03,9.01 06/14/06 SMITH A O CORP DE 9.01 06/20/06 AMEND SMITHFIELD FOODS INC VA 5.02,9.01 06/15/06 SMUCKER J M CO OH 2.02,9.01 06/20/06 SONIC CORP DE 2.02,9.01 05/31/06 SONICBLUE INC DE 8.01,9.01 04/30/06 SONOMAWEST HOLDINGS INC DE 8.01,9.01 06/19/06 STAR SCIENTIFIC INC DE 1.01,9.01 06/15/06 STEINWAY MUSICAL INSTRUMENTS INC DE 8.01,9.01 06/20/06 STERLING FINANCIAL CORP /WA/ WA 1.01,2.03,8.01,9.01 06/14/06 STRATOS INTERNATIONAL INC DE 1.01,2.02,5.02,9.01 06/14/06 STRATS SM TRUST FOR DAIMLERCHRYSLER N 8.01,9.01 06/15/06 STRATS SM TRUST FOR DOMINION RESOURCE DE 8.01,9.01 06/15/06 STRATS SM TRUST FOR Goldman Sachs Cap 8.01,9.01 06/15/06 STRATS SM TRUST FOR GOLDMAN SACHS GRO 8.01,9.01 06/15/06 STRATS SM TRUST FOR JPMORGAN CHASE & 8.01,9.01 06/15/06 STRATS SM TRUST FOR U S CELL CORP SEC 8.01,9.01 06/15/06 STRATS SM TRUST FOR WAL-MART STORES, 8.01,9.01 06/15/06 STRATS(SM) TRUST FOR DOMINION RESOURC 8.01,9.01 06/15/06 STRATS(SM) TRUST FOR GEN ELEC CAP COR 8.01,9.01 06/15/06 STRATS(SM) Trust For Goldman Sachs Ca 8.01,9.01 06/15/06 STRONGHOLD TECHNOLOGIES INC NV 1.01,2.03,3.02,9.01 06/08/06 SUN NEW MEDIA INC. MN 1.01,9.01 06/14/06 SYNTHETECH INC OR 2.02,9.01 06/20/06 TEDA TRAVEL GROUP INC DE 2.01,3.02 06/16/06 TEJON RANCH CO DE 5.02,9.01 06/20/06 TETON ENERGY CORP DE 1.01,2.03,9.01 06/15/06 THIRD WAVE TECHNOLOGIES INC /WI DE 5.02,9.01 06/14/06 THORNBURG MORTGAGE INC MD 4.01,9.01 06/16/06 THQ INC DE 1.01 06/15/06 TIDELANDS ROYALTY TRUST B TX 7.01,9.01 06/20/06 TOLL BROTHERS INC DE 5.03,7.01 06/15/06 TORVEC INC NY 8.01 06/19/06 TRACEGUARD TECHNOLOGIES, INC. 7.01,9.01 06/20/06 TRANSMONTAIGNE INC DE 8.01,9.01 06/19/06 TRESTLE HOLDINGS INC DE 1.01,7.01 06/19/06 U S WIRELESS DATA INC DE 1.01,8.01,9.01 06/14/06 UMPQUA HOLDINGS CORP OR 8.01,9.01 06/20/06 UNITED MORTGAGE TRUST MD 7.01 06/20/06 UNITEDHEALTH GROUP INC MN 7.01,9.01 06/19/06 UNUMPROVIDENT CORP DE 5.02 06/15/06 URBAN TELEVISION NETWORK CORP NV 3.03,4.01,8.01 06/09/06 US Energy Initiatives CORP GA 5.02,9.01 05/01/06 USA TECHNOLOGIES INC PA 5.02 06/20/06 VA SOFTWARE CORP DE 1.01,5.02,9.01 06/13/06 VALUECLICK INC/CA DE 7.01 06/15/06 VALUEVISION MEDIA INC MN 1.01 06/14/06 VARSITY GROUP INC 1.01,5.02,9.01 06/20/06 VENTAS INC DE 8.01,9.01 06/19/06 VERASUN ENERGY CORP 1.01,9.01 06/14/06 VIRAGE LOGIC CORP CA 2.02,9.01 06/19/06 VISIONGATEWAY INC NV 1.01,9.01 06/20/06 Volkswagen Auto Lease Trust 2004-A DE 8.01,9.01 06/20/06 Volkswagen Auto Lease Trust 2005-A 8.01,9.01 06/20/06 VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2 8.01,9.01 06/20/06 VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2 DE 8.01,9.01 06/20/06 Volkswagen Auto Loan Enhanced Trust 2 8.01,9.01 06/20/06 Volkswagen Credit Auto Master Owner T DE 8.01,9.01 06/20/06 VOUGHT AIRCRAFT INDUSTRIES INC 1.01 06/14/06 VYYO INC DE 1.02 06/20/06 WASTE SERVICES, INC. A6 2.03,3.02,9.01 06/15/06 WAVE SYSTEMS CORP DE 8.01,9.01 06/20/06 WCA WASTE CORP 7.01,9.01 06/19/06 WCA WASTE CORP 8.01 06/19/06 WESTERN GOLDFIELDS INC ID 5.03,9.01 06/20/06 Williams Partners L.P. 1.01,2.01,2.03,7.01,8.01,9.01 06/14/06 WINN DIXIE STORES INC FL 7.01,9.01 06/20/06 WINTRUST FINANCIAL CORP IL 7.01,9.01 06/19/06 WORLD HEART CORP A6 3.01,9.01 06/20/06 WQN, Inc. 3.01,4.01,9.01 06/15/06 XECHEM INTERNATIONAL INC DE 1.01,3.02,8.01 06/15/06 XEROX CORP NY 8.01,9.01 06/20/06 XFONE INC NV 1.01,3.02,9.01 06/19/06 XYBERNAUT CORP DE 7.01,9.01 06/20/06 ZONE 4 PLAY INC NV 8.01,9.01 06/20/06