UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2005
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Jefferies Group Inc.
Address: 11100 Santa Monica Blvd, 11th Flr.
Los Angeles, CA 90025
13F File Number: 28-10917
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Alfred Petrillo
Title: Senior Vice President
Phone: 212-336-7140
Signature, Place, and Date of Signing:
/s/ Alfred Petrillo Jersey City, NJ February 14, 2006
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form13F Information Table Entry Total: 219
Form13F Information Table Value Total: $805,932 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
No. 13F File Number Name
01 28-10432 Jefferies & Company, Inc.
02 28-11239 Jefferies Asset Management, LLC
03 28-10937 Jefferies Group Inc.
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO NOTE 11/2 88579YAB7 382 429000 PRN SOLE 01 429000 0 0
3M CO COM 88579Y101 207 2664 SH SOLE 01 2664 0 0
AAR CORP NOTE 2.875% 2/0 000361AF2 2862 2250000 PRN SOLE 01 2250000 0 0
ABERCROMBIE & FITCH CO CL A 002896207 32942 505400 SH SOLE 02 505400 0 0
ADVANCED MICRO DEVICES INC DBCV 4.750% 2/0 007903AE7 730 565000 PRN SOLE 01 565000 0 0
AEROPOSTALE COM 007865108 2735 104000 SH SOLE 02 104000 0 0
ALBERTSONS INC COM 013104104 6072 275003 SH SOLE 01 02 275003 0 0
ALLEGHENY ENERGY INC COM 017361106 721 23003 SH SOLE 01 23003 0 0
ALMOST FAMILY INC COM 020409108 447 27916 SH SOLE 02 27916 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 4835 210419 SH SOLE 02 210419 0 0
AMERICAN EXPRESS CO COM 025816109 3153 61750 SH SOLE 01 61750 0 0
AMERICAN INTL GROUP INC COM 026874107 311 4542 SH SOLE 01 4542 0 0
AMERICAN TOWER CORP NOTE 3.000% 8/1 029912AR3 144 100000 PRN SOLE 01 100000 0 0
AMERIPRISE FINL INC COM 03076C106 568 13556 SH SOLE 01 13556 0 0
ARDEN RLTY INC COM 039793104 918 20449 SH SOLE 01 20449 0 0
ARROW ELECTRS INC DBCV 2/2 042735AY6 231 424000 PRN SOLE 01 424000 0 0
ARTESYN TECHNOLOGIES INC NOTE 5.500% 8/1 043127AB5 69 50000 PRN SOLE 01 50000 0 0
AT&T INC COM 00206R102 434 17594 SH SOLE 01 17594 0 0
AUDIOCODES LTD NOTE 2.000%11/0 050732AB2 445 500000 PRN SOLE 01 500000 0 0
AVALONBAY CMNTYS INC COM 053484101 2561 28210 SH SOLE 01 28210 0 0
BALLY TOTAL FITNESS HLDG COR COM 05873K108 312 47500 SH SOLE 01 47500 0 0
BEAZER HOMES USA INC NOTE 4.625% 6/1 07556QAL9 205 140000 PRN SOLE 01 140000 0 0
BEBE STORES INC COM 075571109 372 26487 SH SOLE 02 26487 0 0
BED BATH & BEYOND INC COM 075896100 398 11000 SH SOLE 02 11000 0 0
BELL MICROPRODUCTS INC NOTE 3.750% 3/0 078137AC0 1922 2000000 PRN SOLE 01 2000000 0 0
BELLSOUTH CORP COM 079860102 354 12941 SH SOLE 01 12941 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 1293 40000 SH SOLE 01 40000 0 0
BIOMED REALTY TRUST INC COM 09063H107 273 11000 SH SOLE 01 11000 0 0
BISYS GROUP INC NOTE 4.000% 3/1 055472AB0 29 30000 PRN SOLE 01 30000 0 0
BLOCKBUSTER INC CL A 093679108 5062 1350000 SH SOLE 02 1350000 0 0
BORDERS GROUP INC COM 099709107 1058 238100 SH CALL SOLE 02 0 0 0
BORDERS GROUP INC COM 099709107 59592 2750000 SH SOLE 02 2750000 0 0
BOSTON PROPERTIES INC COM 101121101 1915 25548 SH SOLE 01 25548 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 403 18296 SH SOLE 01 18296 0 0
BROOKS AUTOMATION INC NOTE 4.750% 6/0 11434AAB6 485 500000 PRN SOLE 01 500000 0 0
BUILD A BEAR WORKSHOP COM 120076104 6015 202940 SH SOLE 02 202940 0 0
BURLINGTON COAT FACTORY COM 121579106 51441 1279300 SH SOLE 02 1279300 0 0
CALLAWAY GOLF CO COM 131193104 660 46200 SH SOLE 01 46200 0 0
CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 331 235000 PRN SOLE 01 235000 0 0
CENTERPOINT ENERGY INC NOTE 3.750% 5/1 15189TAM9 23 19000 PRN SOLE 01 19000 0 0
CEPHALON INC COM 156708109 1795 29898 SH SOLE 01 29898 0 0
CERNER CORP COM 156782104 532 5729 SH SOLE 01 5729 0 0
CHARMING SHOPPES INC NOTE 4.750% 6/0 161133AC7 139 100000 PRN SOLE 01 100000 0 0
CHEVRON CORP NEW COM 166764100 217 3850 SH SOLE 01 3850 0 0
CHILDRENS PL RETAIL STORES I COM 168905107 1061 21472 SH SOLE 02 21472 0 0
CHRISTOPHER & BANKS CORP COM 171046105 755 40200 SH SOLE 02 40200 0 0
CISCO SYS INC COM 17275R102 689 39693 SH SOLE 01 39693 0 0
CITIGROUP INC COM 172967101 214 4409 SH SOLE 01 4409 0 0
CLEVELAND CLIFFS INC COM 185896107 224 2500 SH SOLE 01 2500 0 0
COCA COLA CO COM 191216100 315 7710 SH SOLE 01 7710 0 0
CONEXANT SYSTEMS INC COM 207142100 27 10000 SH SOLE 01 10000 0 0
CONTINENTAL AIRLS INC NOTE 4.500% 2/0 210795PD6 104 110000 PRN SOLE 01 110000 0 0
CONTINENTAL AIRLS INC NOTE 4.500% 2/0 210795PD6 104 110000 PRN SOLE 01 110000 0 0
CREDENCE SYS CORP NOTE 1.500% 5/1 225302AF5 925 1000000 PRN SOLE 01 1000000 0 0
CSX CORP DBCV 10/3 126408GA5 22 24000 PRN SOLE 01 24000 0 0
DEVELOPERS DIVERSIFIED RLTY COM 251591103 270 5754 SH SOLE 01 5754 0 0
DICKS SPORTING GOODS INC COM 253393102 632 19000 SH SOLE 02 19000 0 0
DISNEY WALT CO NOTE 2.125% 4/1 254687AU0 575 568000 PRN SOLE 01 568000 0 0
DOBSON COMMUNICATIONS CORP CL A 256069105 75 10000 SH SOLE 01 10000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 448 10361 SH SOLE 01 10361 0 0
DUKE ENERGY CORP NOTE 1.750% 5/1 264399EJ1 17 15000 PRN SOLE 01 15000 0 0
DUKE REALTY CORP COM NEW 264411505 202 5909 SH SOLE 01 5909 0 0
DUSA PHARMACEUTICALS INC COM 266898105 150 15000 SH SOLE 01 15000 0 0
EASTMAN KODAK CO NOTE 3.375%10/1 277461BE8 47 48000 PRN SOLE 01 48000 0 0
ECC CAPITAL CORP COM 26826M108 35 14300 SH SOLE 01 14300 0 0
EDISON INTL COM 281020107 1891 43901 SH SOLE 01 43901 0 0
EDP ENERGIAS DE PORTUGAL S A SPONSORED ADR 268353109 2879 91961 SH SOLE 01 91961 0 0
ELECTRIC CITY CORP COM 284868106 248 310000 SH SOLE 01 310000 0 0
EMPIRE RESORTS INC NOTE 5.500% 7/3 292052AB3 217 250000 PRN SOLE 01 250000 0 0
EP MEDSYSTEMS INC COM 26881P103 504 194000 SH SOLE 01 194000 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 647 14255 SH SOLE 01 14255 0 0
ESSEX PPTY TR INC COM 297178105 908 9752 SH SOLE 01 9752 0 0
EVOLVING SYS INC COM 30049R100 22 10000 SH SOLE 01 10000 0 0
EXXON MOBIL CORP COM 30231G102 322 5705 SH SOLE 01 5705 0 0
FIFTH THIRD BANCORP COM 316773100 249 6506 SH SOLE 01 6506 0 0
FISHER SCIENTIFIC INTL INC COM NEW 338032204 1955 31202 SH SOLE 01 31202 0 0
FREEPORT-MCMORAN COPPER & GO NOTE 7.000% 2/1 35671DAK1 44 25000 PRN SOLE 01 25000 0 0
GAMESTOP CORP NEW CL A 36467W109 10083 315600 SH SOLE 01 02 315600 0 0
GATEWAY INC NOTE 2.000%12/3 367626AD0 705 1000000 PRN SOLE 01 1000000 0 0
GEMSTAR-TV GUIDE INTL INC COM 36866W106 26 10000 SH SOLE 01 10000 0 0
GENERAL ELECTRIC CO COM 369604103 1306 37151 SH SOLE 01 02 37151 0 0
GENERAL GROWTH PPTYS INC COM 370021107 208 4441 SH SOLE 01 4441 0 0
GENERAL MTRS CORP COM 370442105 191 10075 SH SOLE 01 10075 0 0
GREY WOLF INC COM 397888108 397 50300 SH SOLE 01 50300 0 0
GUIDANT CORP COM 401698105 610 9680 SH SOLE 01 9680 0 0
HALLIBURTON CO NOTE 3.125% 7/1 406216AM3 223 123000 PRN SOLE 01 123000 0 0
HALLIBURTON CO COM 406216101 5267 85000 SH SOLE 02 85000 0 0
HANOVER INS GROUP INC COM 410867105 547 12900 SH SOLE 01 12900 0 0
HCA INC COM 404119109 202 4000 SH SOLE 02 4000 0 0
HEALTHCARE RLTY TR COM 421946104 211 6325 SH SOLE 01 02 6325 0 0
HEINZ H J CO COM 423074103 843 25000 SH SOLE 02 25000 0 0
HELMERICH & PAYNE INC COM 423452101 726 11600 SH SOLE 01 11600 0 0
HILTON HOTELS CORP NOTE 3.375% 4/1 432848AZ2 162 143000 PRN SOLE 01 143000 0 0
HOME DEPOT INC COM 437076102 258 6273 SH SOLE 01 6273 0 0
HORACE MANN EDUCATORS CORP N NOTE 1.425% 5/1 440327AG9 146 315000 PRN SOLE 01 315000 0 0
HOST MARRIOTT CORP NEW COM 44107P104 902 47853 SH SOLE 01 47853 0 0
HUMAN GENOME SCIENCES INC NOTE 2.250%10/1 444903AK4 217669 2350000 PRN SOLE 01 2350000 0 0
HUNTINGTON BANCSHARES INC COM 446150104 500 20915 SH SOLE 01 20915 0 0
HUNTSMAN CORP COM 447011107 1487 78280 SH SOLE 01 78280 0 0
IDEC PHARMACEUTICALS CORP NOTE 2/1 449370AC9 1730 1000000 PRN SOLE 01 1000000 0 0
INCO LTD NOTE 3/2 453258AM7 633 542300 PRN SOLE 01 542300 0 0
INCO LTD SDCV 3.500% 3/1 453258AR6 69 40100 PRN SOLE 01 40100 0 0
INSPIRE PHARMACEUTICALS INC COM 457733103 50 10000 SH SOLE 01 10000 0 0
INTEGRATED ELECTRICAL SVC COM 45811E103 43 123641 SH SOLE 01 123641 0 0
INTEL CORP COM 458140100 1025 39658 SH SOLE 01 39658 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 475 5704 SH SOLE 01 5704 0 0
INTERNATIONAL RECTIFIER CORP NOTE 4.250% 7/1 460254AE5 470 484000 PRN SOLE 01 484000 0 0
INTL PAPER CO DBCV 6/2 460146BM4 194 350000 PRN SOLE 01 350000 0 0
INVITROGEN CORP NOTE 1.500% 2/1 46185RAK6 407 480000 PRN SOLE 01 480000 0 0
ISHARES TR RUSSELL 2000 464287655 2528 37710 SH SOLE 01 37710 0 0
IVAX CORP NOTE 4.500% 5/1 465823AG7 876 868000 PRN SOLE 01 868000 0 0
JACUZZI BRANDS INC COM 469865109 99 12000 SH SOLE 01 12000 0 0
JDS UNIPHASE CORP COM 46612J101 59 24167 SH SOLE 01 24167 0 0
JOHNSON & JOHNSON COM 478160104 204 3364 SH SOLE 01 3364 0 0
JONES APPAREL GROUP INC COM 480074103 276 9000 SH SOLE 02 9000 0 0
JOS A BANK CLOTHIERS INC COM 480838101 3278 75517 SH SOLE 02 75517 0 0
KAYDON CORP NOTE 4.000% 5/2 486587AB4 820 694000 PRN SOLE 01 694000 0 0
KELLWOOD CO DBCV 3.500% 6/1 488044AF5 812 1000000 PRN SOLE 01 1000000 0 0
KFX INC COM 48245L107 2196 153162 SH SOLE 01 153162 0 0
KILROY RLTY CORP COM 49427F108 530 8403 SH SOLE 01 8403 0 0
KOHLS CORP COM 500255104 14128 290700 SH SOLE 02 290700 0 0
KRISPY KREME DOUGHNUTS INC COM 501014104 34440 6000000 SH SOLE 02 6000000 0 0
LEUCADIA NATL CORP NOTE 3.750% 4/1 527288AX2 4163 3605000 PRN SOLE 01 3605000 0 0
LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 350 335000 PRN SOLE 01 335000 0 0
LIBERTY MEDIA CORP NEW DEB 0.750% 3/3 530718AF2 520 475000 PRN SOLE 01 475000 0 0
LIBERTY MEDIA CORP NEW COM SER A 530718105 147 19100 SH SOLE 01 19100 0 0
LIBERTY PPTY TR SH BEN INT 531172104 326 7602 SH SOLE 01 7602 0 0
LILLY ELI & CO COM 532457108 321 5574 SH SOLE 01 5574 0 0
LINCARE HLDGS INC COM 532791100 936 22300 SH SOLE 01 22300 0 0
LITHIA MTRS INC NOTE 2.875% 5/0 536797AB9 286 303000 PRN SOLE 01 303000 0 0
LOWES COS INC NOTE 0.861%10/1 548661CG0 681 583000 PRN SOLE 01 583000 0 0
LTX CORP NOTE 4.250% 8/1 502392AE3 498 500000 PRN SOLE 01 500000 0 0
MAGUIRE PPTYS INC COM 559775101 289 9100 SH SOLE 01 9100 0 0
MARVEL ENTERTAINMENT INC COM 57383T103 330 20000 SH SOLE 01 20000 0 0
MASCO CORP NOTE 7/2 574599BB1 86 191000 PRN SOLE 01 191000 0 0
MAXTOR CORP NOTE 6.800% 4/3 577729AC0 241 235000 PRN SOLE 01 235000 0 0
MCDONALDS CORP COM 580135101 10844 2357300 SH CALL SOLE 02 0 0 0
MCDONALDS CORP COM 580135101 21761 645323 SH SOLE 01 02 645323 0 0
MCMORAN EXPLORATION CO NOTE 6.000% 7/0 582411AB0 156 115000 PRN SOLE 01 115000 0 0
MEDIMMUNE INC NOTE 1.000% 7/1 584699AE2 1119 1148000 PRN SOLE 01 1148000 0 0
MEDTRONIC INC DBCV 1.250% 9/1 585055AD8 2271 2260000 PRN SOLE 01 2260000 0 0
MENTOR GRAPHICS CORP NOTE 6.875% 6/1 587200AB2 11 11000 PRN SOLE 01 11000 0 0
MERCK & CO INC COM 589331107 286 8862 SH SOLE 01 8862 0 0
MERISTAR HOSPITALITY CORP NOTE 9.500% 4/0 58984YAJ2 178 140000 PRN SOLE 01 140000 0 0
MICRON TECHNOLOGY INC NOTE 2.500% 2/0 595112AG8 1637 1392000 PRN SOLE 01 1392000 0 0
MICROSOFT CORP COM 594918104 1556 58650 SH SOLE 01 58650 0 0
NATIONAL HEALTHCARE CORP COM 635906100 292 7800 SH SOLE 02 7800 0 0
NEW YORK & CO INC COM 649295102 18722 883100 SH SOLE 02 883100 0 0
NRG ENERGY INC COM NEW 629377508 735 15800 SH SOLE 01 15800 0 0
OFFICEMAX INC DEL COM 67622P101 40576 1600000 SH SOLE 02 1600000 0 0
OFFICEMAX INC DEL COM 67622P101 123 50100 SH CALL SOLE 02 0 0 0
OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 1782 13779 SH SOLE 01 13779 0 0
OMI CORP NOTE 2.875%12/0 670874AF3 921 1000000 PRN SOLE 01 1000000 0 0
OPEN SOLUTIONS INC NOTE 1.467% 2/0 68371PAB8 106 200000 PRN SOLE 01 200000 0 0
ORACLE CORP COM 68389X105 335 27240 SH SOLE 01 27240 0 0
PER-SE TECHNOLOGIES INC SDCV 3.250% 6/3 713569AB7 141 100000 PRN SOLE 01 100000 0 0
PFIZER INC COM 717081103 755 33018 SH SOLE 01 33018 0 0
PG&E CORP COM 69331C108 40809 1081903 SH SOLE 01 1081903 0 0
PLATINUM UNDERWRITER HLDGS L PFD CONV SER A G7127P142 275 8800 SH SOLE 01 8800 0 0
PMC-SIERRA INC COM 69344F106 664 85401 SH SOLE 01 85401 0 0
POWERDSINE LTD SHS M41415106 103 16000 SH SOLE 01 16000 0 0
PRENTISS PPTYS TR SH BEN INT 740706106 1558 38293 SH SOLE 01 38293 0 0
PROCTER & GAMBLE CO COM 742718109 700 12068 SH SOLE 01 02 12068 0 0
QLT INC NOTE 3.000% 9/1 746927AB8 438 500000 PRN SOLE 01 500000 0 0
QUALCOMM INC COM 747525103 1099 25128 SH SOLE 01 25128 0 0
QUANTA SVCS INC NOTE 4.000% 7/0 74762EAA0 10 10000 PRN SOLE 01 10000 0 0
QUANTA SVCS INC SDCV 4.500%10/0 74762EAC6 1421 1051000 PRN SOLE 01 1051000 0 0
QWEST COMMUNICATIONS INTL IN NOTE 3.500%11/1 749121BY4 422 365000 PRN SOLE 01 365000 0 0
RECKSON ASSOCS RLTY CORP COM 75621K106 929 26059 SH SOLE 01 26059 0 0
REGENCY CTRS CORP COM 758849103 258 4425 SH SOLE 01 4425 0 0
RESMED INC NOTE 4.000% 6/2 761152AB3 25 20000 PRN SOLE 01 20000 0 0
RETAIL VENTURES INC COM 76128Y102 330 26500 SH SOLE 02 26500 0 0
RICHARDSON ELECTRS LTD SDCV 7.250%12/1 763165AB3 90 89890 PRN SOLE 01 89890 0 0
RIGEL PHARMACEUTICALS INC COM NEW 766559603 109 12858 SH SOLE 01 12858 0 0
RITE AID CORP NOTE 4.750%12/0 767754BA1 343 350000 PRN SOLE 01 350000 0 0
RITE AID CORP COM 767754104 681 193600 SH SOLE 01 193600 0 0
ROBBINS & MYERS INC NOTE 8.000% 1/3 770196AB9 867 1632000 PRN SOLE 01 1632000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 973 15765 SH SOLE 01 15765 0 0
SCHLUMBERGER LTD DBCV 1.500% 6/0 806857AC2 1505 1060000 PRN SOLE 01 1060000 0 0
SCHLUMBERGER LTD DBCV 2.125% 6/0 806857AD0 3894 2968000 PRN SOLE 01 2968000 0 0
SCI SYS INC NOTE 3.000% 3/1 783890AF3 33 35000 PRN SOLE 01 35000 0 0
SEARS HLDGS CORP COM 812350106 954 8230 SH SOLE 01 8230 0 0
SFBC INTL INC NOTE 2.250% 8/1 784121AB1 170 250000 PRN SOLE 01 250000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 312 4050 SH SOLE 01 4050 0 0
SINCLAIR BROADCAST GROUP INC SDCV 6.000% 9/1 829226AV1 46 52650 PRN SOLE 01 52650 0 0
SKECHERS U S A INC NOTE 4.500% 4/1 830566AB1 159 162000 PRN SOLE 01 162000 0 0
SKYWORKS SOLUTIONS INC NOTE 4.750%11/1 83088MAB8 1107 1124000 PRN SOLE 01 1124000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 108 20000 SH SOLE 01 20000 0 0
SOUTHERN UN CO NEW COM 844030106 933 39812 SH SOLE 01 39812 0 0
ST JUDE MED INC DBCV 2.800%12/1 790849AB9 494 492000 PRN SOLE 01 492000 0 0
STANDARD MTR PRODS INC SDCV 6.750% 7/1 853666AB1 157 180000 PRN SOLE 01 180000 0 0
STREETTRACKS GOLD TR GOLD SHS 863307104 26727 518600 SH SOLE 01 02 518600 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 288 10700 SH SOLE 01 10700 0 0
SUPERVALU INC NOTE 11/0 868536AP8 345 1016000 PRN SOLE 01 1016000 0 0
SYSCO CORP COM 871829107 1976 62655 SH SOLE 01 62655 0 0
TASER INTL INC COM 87651B104 148 20000 SH SOLE 01 20000 0 0
TAUBMAN CTRS INC COM 876664103 531 15153 SH SOLE 01 15153 0 0
TEEKAY SHIPPING MARSHALL ISL COM Y8564W103 468 11000 SH SOLE 01 11000 0 0
TERRA INDS INC COM 880915103 1013 161250 SH SOLE 01 161250 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 206 4700 SH SOLE 01 4700 0 0
THERMA-WAVE INC COM 88343A108 16 10000 SH SOLE 01 10000 0 0
TIME WARNER INC COM 887317105 22713 1301919 SH SOLE 01 02 1301919 0 0
TIME WARNER INC COM 887317105 4125 2500000 SH CALL SOLE 02 0 0 0
TOO INC COM 890333107 6265 222100 SH SOLE 02 222100 0 0
TRIAD HOSPITALS INC COM 89579K109 679 17200 SH SOLE 01 02 17200 0 0
TTI TEAM TELECOM INTL LTD ORD M88258104 244 75233 SH SOLE 01 75233 0 0
UNION DRILLING INC COM 90653P105 305 21194 SH SOLE 01 21194 0 0
UNITED TECHNOLOGIES CORP COM 913017109 204 3611 SH SOLE 01 3611 0 0
VAALCO ENERGY INC COM NEW 91851C201 44 10968 SH SOLE 01 10968 0 0
VALUEVISION MEDIA INC CL A 92047K107 130 11700 SH SOLE 01 11700 0 0
VECTOR GROUP LTD NOTE 6.250% 7/1 92240MAC2 8554 8691000 PRN SOLE 01 02 8691000 0 0
VERIZON COMMUNICATIONS COM 92343V104 242 7912 SH SOLE 01 7912 0 0
VERIZON GLOBAL FDG CORP NOTE 5/1 92344GAN6 313 500000 PRN SOLE 01 500000 0 0
W P CAREY & CO LLC COM 92930Y107 301 11900 SH SOLE 01 11900 0 0
WENDYS INTL INC COM 950590109 1381 25000 SH SOLE 02 25000 0 0
WET SEAL INC CL A 961840105 276 62200 SH SOLE 02 62200 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 30216 50000 SH SOLE 01 50000 0 0
WYNN RESORTS LTD DBCV 6.000% 7/1 983134AB3 1347 558000 PRN SOLE 01 558000 0 0
ZORAN CORP COM 98975F101 1037 61200 SH SOLE 01 61200 0 0