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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001264130-06-000033.txt : 20060216
<SEC-HEADER>0001264130-06-000033.hdr.sgml : 20060216
<ACCEPTANCE-DATETIME>20060216141837
ACCESSION NUMBER:		0001264130-06-000033
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051231
FILED AS OF DATE:		20060216
DATE AS OF CHANGE:		20060216
EFFECTIVENESS DATE:		20060216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASCEND CAPITAL LLC
		CENTRAL INDEX KEY:			0001165501
		IRS NUMBER:				880440610
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-10128
		FILM NUMBER:		06624739

	BUSINESS ADDRESS:	
		STREET 1:		1 MONTGOMERY ST
		STREET 2:		STE 3300
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104
		BUSINESS PHONE:		4152177733

	MAIL ADDRESS:	
		STREET 1:		1 MONTGOMERY ST
		STREET 2:		STE 3300
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>form13fhr_acq42005v2.txt
<TEXT>
                                  UNITED STATES
                        SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                     FORM 13F



   Report for the Calendar Year or Quarter Ended:  December 31, 2005

   Check here if Amendment [   ]    Amendment Number:  ________

   Institutional Investment Manager Filing this Report :

   Name:      Ascend Capital, LLC
   Address:   600 Montgomery Street, 37th Floor, San Francisco, CA 94111

   Form 13F File Number: 028-10128

   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 the  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:      Benjamin D. Slavet
   Title:     Chief Financial Officer
   Phone:     415-217-8304

   Signature, Place, and Date of Signing:

   /s/ Benjamin D. Slavet  San Francisco, California  February 16, 2006
   ----------------------  -------------------------   ---------------
        [Signature]           [City, State]             [Date]

   Report Type:

        [X]   13F HOLDINGS REPORT

        [ ]   13F NOTICE

        [ ]   13F COMBINATION REPORT

   List of Other Managers Reporting for this Manager:     None


   <PAGE>


                              Form 13F SUMMARY PAGE

   Report Summary:

   Number of Other Included Managers:          Five

   Form 13F Information Table Entry Total:     297
   Form 13F Information Table Value Total:     $884,577 (in thousands)


   List of Other Included Managers:

   No. 1
   Form 13F File Number: 028-11218
   Name:  Ascend Capital Limited Partnership

   No. 2
   Form 13F File Number: 028-11221
   Name:  Ascend Partners Leveraged Fund LP

   No. 3
   Form 13F File Number: 028-11220
   Name:  Ascend Offshore Fund, Ltd.

   No. 4
   Form 13F File Number: 028-11219
   Name:  Ascend Offshore Leveraged Fund, Ltd.

   No. 5
   Form 13F File Number: 028-11223
   Name:  Malcolm P. Fairbairn

<PAGE>
<TABLE>
<CAPTION>
                                  Title of                 Market Value   SH/Prn  SH/ PUT/ Investment  Other      Voting Authority
 Name of Issuer                     Class         CUSIP      (x1,000)     Amount  Prn CALL Discretion Managers    Sole   Shared None
 <S>                            <C>               <C>        <C>          <C>     <C> <C>  <C>        <C>       <C>      <C>    <C>
 ACUITY BRANDS INC              COM               00508Y102      1,328     41,775 SH       DEFINED    1, 2, 5      41,775
 ACUITY BRANDS INC              COM               00508Y102      1,638     51,522 SH       DEFINED      1, 5       51,522
 ACUITY BRANDS INC              COM               00508Y102      2,723     85,625 SH       DEFINED    1, 4, 5      85,625
 ACUITY BRANDS INC              COM               00508Y102      1,179     37,078 SH       DEFINED    1, 3, 5      37,078
 AES CORP                       COM               00130H105      1,382     87,292 SH       DEFINED    1, 2, 5      87,292
 AES CORP                       COM               00130H105      1,707    107,802 SH       DEFINED      1, 5      107,802
 AES CORP                       COM               00130H105      2,836    179,145 SH       DEFINED    1, 4, 5     179,145
 AES CORP                       COM               00130H105      1,228     77,562 SH       DEFINED    1, 3, 5      77,562
 ALCOA INC                      COM               013817101      3,631    122,779 SH       DEFINED    1, 2, 5     122,779
 ALCOA INC                      COM               013817101      4,482    151,583 SH       DEFINED      1, 5      151,583
 ALCOA INC                      COM               013817101      7,449    251,894 SH       DEFINED    1, 4, 5     251,894
 ALCOA INC                      COM               013817101      3,225    109,061 SH       DEFINED    1, 3, 5     109,061
 AMERICAN COMMERCIAL LINES INC  COM NEW           025195207        551     18,175 SH       DEFINED    1, 2, 5      18,175
 AMERICAN COMMERCIAL LINES INC  COM NEW           025195207        679     22,392 SH       DEFINED      1, 5       22,392
 AMERICAN COMMERCIAL LINES INC  COM NEW           025195207      1,129     37,228 SH       DEFINED    1, 4, 5      37,228
 AMERICAN COMMERCIAL LINES INC  COM NEW           025195207        489     16,125 SH       DEFINED    1, 3, 5      16,125
 ANHEUSER BUSCH COMPANIES INC   COM               035229103      1,870     43,538 SH       DEFINED    1, 2, 5      43,538
 ANHEUSER BUSCH COMPANIES INC   COM               035229103      2,304     53,640 SH       DEFINED      1, 5       53,640
 ANHEUSER BUSCH COMPANIES INC   COM               035229103      3,832     89,190 SH       DEFINED    1, 4, 5      89,190
 ANHEUSER BUSCH COMPANIES INC   COM               035229103      1,660     38,632 SH       DEFINED    1, 3, 5      38,632
 BANK OF AMERICA CORPORATION    COM               060505104      3,641     78,885 SH       DEFINED    1, 2, 5      78,885
 BANK OF AMERICA CORPORATION    COM               060505104      4,500     97,500 SH       DEFINED      1, 5       97,500
 BANK OF AMERICA CORPORATION    COM               060505104      7,476    162,002 SH       DEFINED    1, 4, 5     162,002
 BANK OF AMERICA CORPORATION    COM               060505104      3,237     70,131 SH       DEFINED    1, 3, 5      70,131
 BECKMAN COULTER INC            COM               075811109      4,441     78,050 SH       DEFINED    1, 2, 5      78,050
 BECKMAN COULTER INC            COM               075811109      5,484     96,388 SH       DEFINED      1, 5       96,388
 BECKMAN COULTER INC            COM               075811109      9,114    160,176 SH       DEFINED    1, 4, 5     160,176
 BECKMAN COULTER INC            COM               075811109      3,946     69,350 SH       DEFINED    1, 3, 5      69,350
 CARDINAL HEALTH INC            COM               14149Y108      4,448     64,699 SH       DEFINED    1, 2, 5      64,699
 CARDINAL HEALTH INC            COM               14149Y108      5,493     79,900 SH       DEFINED      1, 5       79,900
 CARDINAL HEALTH INC            COM               14149Y108      9,128    132,778 SH       DEFINED    1, 4, 5     132,778
 CARDINAL HEALTH INC            COM               14149Y108      3,952     57,487 SH       DEFINED    1, 3, 5      57,487
 CELANESE CORPORATION           SERIES A          150870103      2,217    115,954 SH       DEFINED    1, 2, 5     115,954
 CELANESE CORPORATION           SERIES A          150870103      2,737    143,144 SH       DEFINED      1, 5      143,144
 CELANESE CORPORATION           SERIES A          150870103      4,549    237,896 SH       DEFINED    1, 4, 5     237,896
 CELANESE CORPORATION           SERIES A          150870103      1,969    103,006 SH       DEFINED    1, 3, 5     103,006
 CENTRAL EUROPEAN DISTR CORP    COM               153435102        883     22,010 SH       DEFINED    1, 2, 5      22,010
 CENTRAL EUROPEAN DISTR CORP    COM               153435102      1,851     46,110 SH       DEFINED    1, 4, 5      46,110
 CENTRAL EUROPEAN DISTR CORP    COM               153435102      1,280     31,880 SH       DEFINED    1, 3, 5      31,880
 CF INDUSTRIES HOLDINGS INC     COM               125269100        906     59,384 SH       DEFINED    1, 2, 5      59,384
 CF INDUSTRIES HOLDINGS INC     COM               125269100      1,116     73,168 SH       DEFINED      1, 5       73,168
 CF INDUSTRIES HOLDINGS INC     COM               125269100      1,855    121,655 SH       DEFINED    1, 4, 5     121,655
 CF INDUSTRIES HOLDINGS INC     COM               125269100        804     52,693 SH       DEFINED    1, 3, 5      52,693
 CHATTEM INC                    COM               162456107      1,338     36,766 SH       DEFINED    1, 2, 5      36,766
 CHATTEM INC                    COM               162456107      1,648     45,298 SH       DEFINED      1, 5       45,298
 CHATTEM INC                    COM               162456107      2,741     75,315 SH       DEFINED    1, 4, 5      75,315
 CHATTEM INC                    COM               162456107      1,187     32,621 SH       DEFINED    1, 3, 5      32,621
 CISCO SYSTEMS INC.             COM               17275R102      3,165    184,855 SH       DEFINED    1, 2, 5     184,855
 CISCO SYSTEMS INC.             COM               17275R102      3,908    228,286 SH       DEFINED      1, 5      228,286
 CISCO SYSTEMS INC.             COM               17275R102      6,495    379,369 SH       DEFINED    1, 4, 5     379,369
 CISCO SYSTEMS INC.             COM               17275R102      2,812    164,250 SH       DEFINED    1, 3, 5     164,250
 CITIGROUP INC                  COM               172967101      2,954     60,869 SH       DEFINED    1, 2, 5      60,869
 CITIGROUP INC                  COM               172967101      3,651     75,233 SH       DEFINED      1, 5       75,233
 CITIGROUP INC                  COM               172967101      6,067    125,007 SH       DEFINED    1, 4, 5     125,007
 CITIGROUP INC                  COM               172967101      2,626     54,117 SH       DEFINED    1, 3, 5      54,117
 COMPANHIA VALE DO RIO DOCE     SPONSORED ADR     204412100      1,270     35,023 SH       DEFINED    1, 2, 5      35,023
 COMPANHIA VALE DO RIO DOCE     SPONSORED ADR     204412100      1,568     43,243 SH       DEFINED      1, 5       43,243
 COMPANHIA VALE DO RIO DOCE     SPONSORED ADR     204412100      2,605     71,865 SH       DEFINED    1, 4, 5      71,865
 COMPANHIA VALE DO RIO DOCE     SPONSORED ADR     204412100      1,128     31,114 SH       DEFINED    1, 3, 5      31,114
 COMPEX TECHNOLOGIES INC        COM               204513105        264     40,171 SH       DEFINED    1, 2, 5      40,171
 COMPEX TECHNOLOGIES INC        COM               204513105        284     43,301 SH       DEFINED      1, 5       43,301
 COMPEX TECHNOLOGIES INC        COM               204513105        577     87,904 SH       DEFINED    1, 4, 5      87,904
 COMPEX TECHNOLOGIES INC        COM               204513105        188     28,624 SH       DEFINED    1, 3, 5      28,624
 CONOCOPHILLIPS                 COM               20825C104      1,351     23,221 SH       DEFINED    1, 2, 5      23,221
 CONOCOPHILLIPS                 COM               20825C104      1,664     28,608 SH       DEFINED      1, 5       28,608
 CONOCOPHILLIPS                 COM               20825C104      2,768     47,568 SH       DEFINED    1, 4, 5      47,568
 CONOCOPHILLIPS                 COM               20825C104      1,199     20,603 SH       DEFINED    1, 3, 5      20,603
 CONSECO INC                    COM NEW           208464883      5,971    257,697 SH       DEFINED    1, 2, 5     257,697
 CONSECO INC                    COM NEW           208464883      7,374    318,243 SH       DEFINED      1, 5      318,243
 CONSECO INC                    COM NEW           208464883     12,254    528,857 SH       DEFINED    1, 4, 5     528,857
 CONSECO INC                    COM NEW           208464883      5,305    228,972 SH       DEFINED    1, 3, 5     228,972
 CONSECO INC                    PFD B CV 5.50%    208464867        426     15,017 PRN      DEFINED    1, 2, 5      15,017
 CONSECO INC                    PFD B CV 5.50%    208464867        526     18,546 PRN      DEFINED      1, 5       18,546
 CONSECO INC                    PFD B CV 5.50%    208464867        875     30,819 PRN      DEFINED    1, 4, 5      30,819
 CONSECO INC                    PFD B CV 5.50%    208464867        379     13,343 PRN      DEFINED    1, 3, 5      13,343
 COPA HOLDINGS S A              CL A              P31076105      3,218    117,862 SH       DEFINED    1, 2, 5     117,862
 COPA HOLDINGS S A              CL A              P31076105      3,964    145,209 SH       DEFINED      1, 5      145,209
 COPA HOLDINGS S A              CL A              P31076105      6,592    241,447 SH       DEFINED    1, 4, 5     241,447
 COPA HOLDINGS S A              CL A              P31076105      2,855    104,582 SH       DEFINED    1, 3, 5     104,582
 CREDENCE SYSTEMS               NOTE 1.50% 1/5    225302AE8        619    695,800 PRN      DEFINED    1, 2, 5     695,800
 CREDENCE SYSTEMS               NOTE 1.50% 1/5    225302AE8      1,052  1,181,600 PRN      DEFINED    1, 4, 5   1,181,600
 CREDENCE SYSTEMS               NOTE 1.50% 1/5    225302AE8        999  1,122,600 PRN      DEFINED    1, 3, 5   1,122,600
 DEALERTRACK HLDGS INC          COM ADDED         242309102      1,318     62,802 SH       DEFINED    1, 2, 5      62,802
 DEALERTRACK HLDGS INC          COM ADDED         242309102      1,623     77,375 SH       DEFINED      1, 5       77,375
 DEALERTRACK HLDGS INC          COM ADDED         242309102      2,699    128,653 SH       DEFINED    1, 4, 5     128,653
 DEALERTRACK HLDGS INC          COM ADDED         242309102      1,169     55,723 SH       DEFINED    1, 3, 5      55,723
 ELECTRONIC DATA SYSTEMS CORP   COM               285661104      3,950    164,315 SH       DEFINED    1, 2, 5     164,315
 ELECTRONIC DATA SYSTEMS CORP   COM               285661104      4,878    202,922 SH       DEFINED      1, 5      202,922
 ELECTRONIC DATA SYSTEMS CORP   COM               285661104      8,107    337,214 SH       DEFINED    1, 4, 5     337,214
 ELECTRONIC DATA SYSTEMS CORP   COM               285661104      3,510    145,999 SH       DEFINED    1, 3, 5     145,999
 ENDWAVE CORPORATION            COM NEW           29264A206         89      7,529 SH       DEFINED    1, 2, 5       7,529
 ENDWAVE CORPORATION            COM NEW           29264A206        109      9,276 SH       DEFINED      1, 5        9,276
 ENDWAVE CORPORATION            COM NEW           29264A206        182     15,424 SH       DEFINED    1, 4, 5      15,424
 ENDWAVE CORPORATION            COM NEW           29264A206         79      6,680 SH       DEFINED    1, 3, 5       6,680
 FINISAR CORP                   COM               31787A101        724    348,013 SH       DEFINED    1, 2, 5     348,013
 FINISAR CORP                   COM               31787A101        892    428,768 SH       DEFINED      1, 5      428,768
 FINISAR CORP                   COM               31787A101      1,483    712,933 SH       DEFINED    1, 4, 5     712,933
 FINISAR CORP                   COM               31787A101        642    308,806 SH       DEFINED    1, 3, 5     308,806
 FLEETWOOD ENTERPRISES INC      COM               339099103      1,236    100,055 SH       DEFINED    1, 2, 5     100,055
 FLEETWOOD ENTERPRISES INC      COM               339099103      1,498    121,332 SH       DEFINED      1, 5      121,332
 FLEETWOOD ENTERPRISES INC      COM               339099103      2,529    204,765 SH       DEFINED    1, 4, 5     204,765
 FLEETWOOD ENTERPRISES INC      COM               339099103      1,097     88,848 SH       DEFINED    1, 3, 5      88,848
 FOREST OIL CORP                COM PAR $0.01     346091705      2,580     56,619 SH       DEFINED    1, 2, 5      56,619
 FOREST OIL CORP                COM PAR $0.01     346091705      3,175     69,683 SH       DEFINED      1, 5       69,683
 FOREST OIL CORP                COM PAR $0.01     346091705      5,289    116,066 SH       DEFINED    1, 4, 5     116,066
 FOREST OIL CORP                COM PAR $0.01     346091705      2,291     50,276 SH       DEFINED    1, 3, 5      50,276
 GENERAL MTRS CORPORATION       DEB SR CV C 33    370442717        603     38,262 SH       DEFINED    1, 2, 5      38,262
 GENERAL MTRS CORPORATION       DEB SR CV C 33    370442717        746     47,366 SH       DEFINED      1, 5       47,366
 GENERAL MTRS CORPORATION       DEB SR CV C 33    370442717      1,239     78,666 SH       DEFINED    1, 4, 5      78,666
 GENERAL MTRS CORPORATION       DEB SR CV C 33    370442717        536     34,045 SH       DEFINED    1, 3, 5      34,045
 GENESIS HEALTHCARE CORP        COM               37184D101      1,444     39,531 SH       DEFINED    1, 2, 5      39,531
 GENESIS HEALTHCARE CORP        COM               37184D101      1,779     48,707 SH       DEFINED      1, 5       48,707
 GENESIS HEALTHCARE CORP        COM               37184D101      2,957     80,983 SH       DEFINED    1, 4, 5      80,983
 GENESIS HEALTHCARE CORP        COM               37184D101      1,281     35,077 SH       DEFINED    1, 3, 5      35,077
 GLOBAL INDUSTRIES LTD          COM               379336100      2,846    250,713 SH       DEFINED    1, 2, 5     250,713
 GLOBAL INDUSTRIES LTD          COM               379336100      3,514    309,605 SH       DEFINED      1, 5      309,605
 GLOBAL INDUSTRIES LTD          COM               379336100      5,840    514,500 SH       DEFINED    1, 4, 5     514,500
 GLOBAL INDUSTRIES LTD          COM               379336100      2,528    222,757 SH       DEFINED    1, 3, 5     222,757
 HANOVER COMPRESSOR CO          COM               410768105      1,727    122,419 SH       DEFINED    1, 2, 5     122,419
 HANOVER COMPRESSOR CO          COM               410768105      2,135    151,343 SH       DEFINED      1, 5      151,343
 HANOVER COMPRESSOR CO          COM               410768105      3,549    251,490 SH       DEFINED    1, 4, 5     251,490
 HANOVER COMPRESSOR CO          COM               410768105      1,536    108,874 SH       DEFINED    1, 3, 5     108,874
 HCA-HEALTH CO JAN 50.00        PUT               404119959      1,984     39,400 SH  PUT  DEFINED    1, 2, 5      39,400
 HCA-HEALTH CO JAN 50.00        PUT               404119959      4,068     80,800 SH  PUT  DEFINED    1, 4, 5      80,800
 HCA-HEALTH CO JAN 50.00        PUT               404119959      1,752     34,800 SH  PUT  DEFINED    1, 3, 5      34,800
 HCA-HEALTH CO JAN 50.00        PUT               404119959      2,155     42,800 SH  PUT  DEFINED      1, 5       42,800
 HERBALIFE LTD                  COM USD SHS       G4412G101      3,058     94,033 SH       DEFINED    1, 2, 5      94,033
 HERBALIFE LTD                  COM USD SHS       G4412G101      3,769    115,902 SH       DEFINED      1, 5      115,902
 HERBALIFE LTD                  COM USD SHS       G4412G101      6,266    192,691 SH       DEFINED    1, 4, 5     192,691
 HERBALIFE LTD                  COM USD SHS       G4412G101      2,714     83,457 SH       DEFINED    1, 3, 5      83,457
 HERCULES INC                   COM               427056106      2,968    262,616 SH       DEFINED    1, 4, 5     262,616
 HERCULES INC                   COM               427056106      1,285    113,727 SH       DEFINED    1, 3, 5     113,727
 HERCULES INC                   COM               427056106      1,449    128,253 SH       DEFINED    1, 2, 5     128,253
 HERCULES INC                   COM               427056106      1,785    158,004 SH       DEFINED      1, 5      158,004
 HOME DEPOT INC                 COM               437076102      2,542     62,801 SH       DEFINED    1, 2, 5      62,801
 HOME DEPOT INC                 COM               437076102      3,139     77,541 SH       DEFINED      1, 5       77,541
 HOME DEPOT INC                 COM               437076102      5,216    128,864 SH       DEFINED    1, 4, 5     128,864
 HOME DEPOT INC                 COM               437076102      2,259     55,794 SH       DEFINED    1, 3, 5      55,794
 INTEL CORP                     COM               458140100      1,350     54,073 SH       DEFINED    1, 2, 5      54,073
 INTEL CORP                     COM               458140100      1,668     66,816 SH       DEFINED      1, 5       66,816
 INTEL CORP                     COM               458140100      2,772    111,039 SH       DEFINED    1, 4, 5     111,039
 INTEL CORP                     COM               458140100      1,200     48,072 SH       DEFINED    1, 3, 5      48,072
 INVESTOOLS INC                 COM               46145P103        658    121,840 SH       DEFINED    1, 2, 5     121,840
 INVESTOOLS INC                 COM               46145P103        813    150,467 SH       DEFINED      1, 5      150,467
 INVESTOOLS INC                 COM               46145P103      1,350    250,043 SH       DEFINED    1, 4, 5     250,043
 INVESTOOLS INC                 COM               46145P103        585    108,258 SH       DEFINED    1, 3, 5     108,258
 IPAYMENT INC                   COM               46262E105      5,618    135,298 SH       DEFINED    1, 2, 5     135,298
 IPAYMENT INC                   COM               46262E105      6,934    166,994 SH       DEFINED      1, 5      166,994
 IPAYMENT INC                   COM               46262E105     11,523    277,538 SH       DEFINED    1, 4, 5     277,538
 IPAYMENT INC                   COM               46262E105      4,989    120,170 SH       DEFINED    1, 3, 5     120,170
 JUPITERMEDIA CORP              COM               48207D101      2,040    138,029 SH       DEFINED    1, 2, 5     138,029
 JUPITERMEDIA CORP              COM               48207D101      2,519    170,460 SH       DEFINED      1, 5      170,460
 JUPITERMEDIA CORP              COM               48207D101      4,187    283,268 SH       DEFINED    1, 4, 5     283,268
 JUPITERMEDIA CORP              COM               48207D101      1,813    122,643 SH       DEFINED    1, 3, 5     122,643
 KERR MCGEE CORP                COM               492386107      2,239     24,647 SH       DEFINED    1, 2, 5      24,647
 KERR MCGEE CORP                COM               492386107      2,766     30,437 SH       DEFINED      1, 5       30,437
 KERR MCGEE CORP                COM               492386107      4,596     50,584 SH       DEFINED    1, 4, 5      50,584
 KERR MCGEE CORP                COM               492386107      1,990     21,900 SH       DEFINED    1, 3, 5      21,900
 KORN FERRY INTL                COM NEW           500643200      1,093     58,467 SH       DEFINED    1, 2, 5      58,467
 KORN FERRY INTL                COM NEW           500643200      1,346     72,027 SH       DEFINED      1, 5       72,027
 KORN FERRY INTL                COM NEW           500643200      2,237    119,683 SH       DEFINED    1, 4, 5     119,683
 KORN FERRY INTL                COM NEW           500643200        969     51,823 SH       DEFINED    1, 3, 5      51,823
 MCDERMOTT INTL INC             COM               580037109      2,583     57,896 SH       DEFINED    1, 2, 5      57,896
 MCDERMOTT INTL INC             COM               580037109      3,195     71,629 SH       DEFINED      1, 5       71,629
 MCDERMOTT INTL INC             COM               580037109      5,308    118,980 SH       DEFINED    1, 4, 5     118,980
 MCDERMOTT INTL INC             COM               580037109      2,297     51,495 SH       DEFINED    1, 3, 5      51,495
 MICRON TECHNOLOGY INC          COM               595112103      1,288     96,751 SH       DEFINED    1, 2, 5      96,751
 MICRON TECHNOLOGY INC          COM               595112103      1,587    119,200 SH       DEFINED      1, 5      119,200
 MICRON TECHNOLOGY INC          COM               595112103      2,638    198,200 SH       DEFINED    1, 4, 5     198,200
 MICRON TECHNOLOGY INC          COM               595112103      1,143     85,849 SH       DEFINED    1, 3, 5      85,849
 MICROSOFT CORP                 COM               594918104      1,376     52,638 SH       DEFINED    1, 2, 5      52,638
 MICROSOFT CORP                 COM               594918104      1,704     65,152 SH       DEFINED      1, 5       65,152
 MICROSOFT CORP                 COM               594918104      2,830    108,210 SH       DEFINED    1, 4, 5     108,210
 MICROSOFT CORP                 COM               594918104      1,225     46,831 SH       DEFINED    1, 3, 5      46,831
 NAUTILUS GROUP INC             COM               63910B102      1,194     64,013 SH       DEFINED    1, 2, 5      64,013
 NAUTILUS GROUP INC             COM               63910B102      1,472     78,863 SH       DEFINED      1, 5       78,863
 NAUTILUS GROUP INC             COM               63910B102      2,447    131,129 SH       DEFINED    1, 4, 5     131,129
 NAUTILUS GROUP INC             COM               63910B102      1,060     56,795 SH       DEFINED    1, 3, 5      56,795
 NAVIGANT CONSULTING INC        COM               63935N107      1,919     87,292 SH       DEFINED    1, 2, 5      87,292
 NAVIGANT CONSULTING INC        COM               63935N107      2,369    107,802 SH       DEFINED      1, 5      107,802
 NAVIGANT CONSULTING INC        COM               63935N107      3,938    179,145 SH       DEFINED    1, 4, 5     179,145
 NAVIGANT CONSULTING INC        COM               63935N107      1,705     77,562 SH       DEFINED    1, 3, 5      77,562
 NEW CENTURY FINANCIAL CORP     COM               6435EV108      2,545     70,558 SH       DEFINED    1, 2, 5      70,558
 NEW CENTURY FINANCIAL CORP     COM               6435EV108      3,140     87,066 SH       DEFINED      1, 5       87,066
 NEW CENTURY FINANCIAL CORP     COM               6435EV108      5,220    144,713 SH       DEFINED    1, 4, 5     144,713
 NEW CENTURY FINANCIAL CORP     COM               6435EV108      2,260     62,663 SH       DEFINED    1, 3, 5      62,663
 NOVASTAR FINL INC              COM               669947400      1,441     51,279 SH       DEFINED    1, 2, 5      51,279
 NOVASTAR FINL INC              COM               669947400      1,776     63,175 SH       DEFINED      1, 5       63,175
 NOVASTAR FINL INC              COM               669947400      2,953    105,047 SH       DEFINED    1, 4, 5     105,047
 NOVASTAR FINL INC              COM               669947400      1,279     45,499 SH       DEFINED    1, 3, 5      45,499
 PARLUX FRAGRANCES INC          COM               701645103      1,335     43,743 SH       DEFINED    1, 2, 5      43,743
 PARLUX FRAGRANCES INC          COM               701645103      1,645     53,892 SH       DEFINED      1, 5       53,892
 PARLUX FRAGRANCES INC          COM               701645103      2,735     89,575 SH       DEFINED    1, 4, 5      89,575
 PARLUX FRAGRANCES INC          COM               701645103      1,184     38,790 SH       DEFINED    1, 3, 5      38,790
 PETROLEUM GEO SVCS ASA NEW     SPONSORED ADR     716599105        444     14,324 SH       DEFINED    1, 2, 5      14,324
 PETROLEUM GEO SVCS ASA NEW     SPONSORED ADR     716599105        641     20,700 SH       DEFINED      1, 5       20,700
 PETROLEUM GEO SVCS ASA NEW     SPONSORED ADR     716599105        909     29,343 SH       DEFINED    1, 4, 5      29,343
 PETROLEUM GEO SVCS ASA NEW     SPONSORED ADR     716599105        394     12,710 SH       DEFINED    1, 3, 5      12,710
 PORTALPLAYER INC               COM               736187204      1,418     50,085 SH       DEFINED    1, 2, 5      50,085
 PORTALPLAYER INC               COM               736187204      1,747     61,701 SH       DEFINED      1, 5       61,701
 PORTALPLAYER INC               COM               736187204      2,903    102,522 SH       DEFINED    1, 4, 5     102,522
 PORTALPLAYER INC               COM               736187204      1,257     44,392 SH       DEFINED    1, 3, 5      44,392
 SCHERING PLOUGH CORP           COM               806605101      1,321     63,375 SH       DEFINED    1, 2, 5      63,375
 SCHERING PLOUGH CORP           COM               806605101      1,632     78,264 SH       DEFINED      1, 5       78,264
 SCHERING PLOUGH CORP           COM               806605101      2,712    130,061 SH       DEFINED    1, 4, 5     130,061
 SCHERING PLOUGH CORP           COM               806605101      1,174     56,311 SH       DEFINED    1, 3, 5      56,311
 SEA CONTAINERS LTD             CL A              811371707        670     53,421 SH       DEFINED    1, 2, 5      53,421
 SEA CONTAINERS LTD             CL A              811371707        827     65,971 SH       DEFINED      1, 5       65,971
 SEA CONTAINERS LTD             CL A              811371707      1,375    109,633 SH       DEFINED    1, 4, 5     109,633
 SEA CONTAINERS LTD             CL A              811371707        595     47,466 SH       DEFINED    1, 3, 5      47,466
 SHERWIN WILLIAMS CO            COM               824348106      1,586     34,917 SH       DEFINED    1, 2, 5      34,917
 SHERWIN WILLIAMS CO            COM               824348106      1,959     43,121 SH       DEFINED      1, 5       43,121
 SHERWIN WILLIAMS CO            COM               824348106      3,255     71,658 SH       DEFINED    1, 4, 5      71,658
 SHERWIN WILLIAMS CO            COM               824348106      1,409     31,025 SH       DEFINED    1, 3, 5      31,025
 SOUTHERN UNION CO NEW          COM               844030106      2,579    109,128 SH       DEFINED    1, 2, 5     109,128
 SOUTHERN UNION CO NEW          COM               844030106      3,185    134,768 SH       DEFINED      1, 5      134,768
 SOUTHERN UNION CO NEW          COM               844030106      5,292    223,957 SH       DEFINED    1, 4, 5     223,957
 SOUTHERN UNION CO NEW          COM               844030106      2,291     96,964 SH       DEFINED    1, 3, 5      96,964
 SPORTS AUTHORITY INC           COM NEW           84917U109        155      4,993 SH       DEFINED    1, 2, 5       4,993
 SPORTS AUTHORITY INC           COM NEW           84917U109        191      6,151 SH       DEFINED      1, 5        6,151
 SPORTS AUTHORITY INC           COM NEW           84917U109        318     10,227 SH       DEFINED    1, 4, 5      10,227
 SPORTS AUTHORITY INC           COM NEW           84917U109        138      4,429 SH       DEFINED    1, 3, 5       4,429
 SPX CORP LIQUID YIELD OPT      NOTE 2/0          784635AD6      3,977  6,025,620 PRN      DEFINED    1, 2, 5   6,025,620
 SPX CORP LIQUID YIELD OPT      NOTE 2/0          784635AD6      4,287  6,495,210 PRN      DEFINED      1, 5    6,495,210
 SPX CORP LIQUID YIELD OPT      NOTE 2/0          784635AD6      8,702 13,185,600 PRN      DEFINED    1, 4, 5  13,185,600
 SPX CORP LIQUID YIELD OPT      NOTE 2/0          784635AD6      2,834  4,293,570 PRN      DEFINED    1, 3, 5   4,293,570
 STANDARD PAC CORP NEW          COM               85375C101      2,576     69,991 SH       DEFINED    1, 2, 5      69,991
 STANDARD PAC CORP NEW          COM               85375C101      3,173     86,229 SH       DEFINED      1, 5       86,229
 STANDARD PAC CORP NEW          COM               85375C101      5,276    143,378 SH       DEFINED    1, 4, 5     143,378
 STANDARD PAC CORP NEW          COM               85375C101      2,285     62,102 SH       DEFINED    1, 3, 5      62,102
 SUNSET FINANCIAL RESOURCES INC COM               867708109        393     46,397 SH       DEFINED    1, 2, 5      46,397
 SUNSET FINANCIAL RESOURCES INC COM               867708109        424     50,014 SH       DEFINED      1, 5       50,014
 SUNSET FINANCIAL RESOURCES INC COM               867708109        861    101,529 SH       DEFINED    1, 4, 5     101,529
 SUNSET FINANCIAL RESOURCES INC COM               867708109        280     33,060 SH       DEFINED    1, 3, 5      33,060
 SWIFT TRANSN CO                COM               870756103        822     40,468 SH       DEFINED    1, 2, 5      40,468
 SWIFT TRANSN CO                COM               870756103      1,012     49,860 SH       DEFINED      1, 5       49,860
 SWIFT TRANSN CO                COM               870756103      1,683     82,902 SH       DEFINED    1, 4, 5      82,902
 SWIFT TRANSN CO                COM               870756103        729     35,907 SH       DEFINED    1, 3, 5      35,907
 SYMBOL TECHNOLOGIES INC        COM               871508107      2,601    202,870 SH       DEFINED    1, 2, 5     202,870
 SYMBOL TECHNOLOGIES INC        COM               871508107      3,212    250,535 SH       DEFINED      1, 5      250,535
 SYMBOL TECHNOLOGIES INC        COM               871508107      5,337    416,339 SH       DEFINED    1, 4, 5     416,339
 SYMBOL TECHNOLOGIES INC        COM               871508107      2,311    180,256 SH       DEFINED    1, 3, 5     180,256
 SYNAPTICS INC                  COM               87157D109      1,672     67,626 SH       DEFINED    1, 2, 5      67,626
 SYNAPTICS INC                  COM               87157D109      2,064     83,509 SH       DEFINED      1, 5       83,509
 SYNAPTICS INC                  COM               87157D109      3,431    138,779 SH       DEFINED    1, 4, 5     138,779
 SYNAPTICS INC                  COM               87157D109      1,485     60,086 SH       DEFINED    1, 3, 5      60,086
 TECHNICAL OLYMPIC USA INC      COM               878483106        253     12,016 SH       DEFINED    1, 2, 5      12,016
 TECHNICAL OLYMPIC USA INC      COM               878483106        313     14,839 SH       DEFINED      1, 5       14,839
 TECHNICAL OLYMPIC USA INC      COM               878483106        520     24,658 SH       DEFINED    1, 4, 5      24,658
 TECHNICAL OLYMPIC USA INC      COM               878483106        225     10,676 SH       DEFINED    1, 3, 5      10,676
 TOREADOR RESOURCES CORP        COM               891050106        953     45,230 SH       DEFINED    1, 2, 5      45,230
 TOREADOR RESOURCES CORP        COM               891050106      2,015     95,622 SH       DEFINED    1, 4, 5      95,622
 TOREADOR RESOURCES CORP        COM               891050106        904     42,909 SH       DEFINED    1, 3, 5      42,909
 TOREADOR RESOURCES CORP        COM               891050106        905     42,971 SH       DEFINED      1, 5      484,671
 TYCO INTL LTD NEW              COM               902124106      4,820    166,998 SH       DEFINED    1, 2, 5     166,998
 TYCO INTL LTD NEW              COM               902124106      5,950    206,166 SH       DEFINED      1, 5      206,166
 TYCO INTL LTD NEW              COM               902124106      9,888    342,629 SH       DEFINED    1, 4, 5     342,629
 TYCO INTL LTD NEW              COM               902124106      4,281    148,351 SH       DEFINED    1, 3, 5     148,351
 UNIVERSAL TRUCKLOAD SERVICES   COM               91388P105        599     26,057 SH       DEFINED    1, 2, 5      26,057
 UNIVERSAL TRUCKLOAD SERVICES   COM               91388P105        740     32,179 SH       DEFINED      1, 5       32,179
 UNIVERSAL TRUCKLOAD SERVICES   COM               91388P105      1,230     53,477 SH       DEFINED    1, 4, 5      53,477
 UNIVERSAL TRUCKLOAD SERVICES   COM               91388P105        533     23,153 SH       DEFINED    1, 3, 5      23,153
 USA TRUCK INC                  COM               902925106        732     25,117 SH       DEFINED    1, 2, 5      25,117
 USA TRUCK INC                  COM               902925106        901     30,946 SH       DEFINED      1, 5       30,946
 USA TRUCK INC                  COM               902925106      1,499     51,454 SH       DEFINED    1, 4, 5      51,454
 USA TRUCK INC                  COM               902925106        649     22,289 SH       DEFINED    1, 3, 5      22,289
 VERITAS SOFTWARE CORP          NOTE 0.0250% 8/0  923436AC3      1,067  1,102,500 PRN      DEFINED    1, 2, 5   1,102,500
 VERITAS SOFTWARE CORP          NOTE 0.0250% 8/0  923436AC3      2,134  2,206,000 PRN      DEFINED    1, 4, 5   2,206,000
 VERITAS SOFTWARE CORP          NOTE 0.0250% 8/0  923436AC3      1,637  1,691,500 PRN      DEFINED    1, 3, 5   1,691,500
 VIASYS HEALTHCARE INC          COM NEW           92553Q209      1,584     61,618 SH       DEFINED    1, 2, 5      61,618
 VIASYS HEALTHCARE INC          COM NEW           92553Q209      1,956     76,095 SH       DEFINED      1, 5       76,095
 VIASYS HEALTHCARE INC          COM NEW           92553Q209      3,250    126,455 SH       DEFINED    1, 4, 5     126,455
 VIASYS HEALTHCARE INC          COM NEW           92553Q209      1,407     54,750 SH       DEFINED    1, 3, 5      54,750
 WAL MART STORES INC            COM               931142103      1,799     38,444 SH       DEFINED    1, 2, 5      38,444
 WAL MART STORES INC            COM               931142103      2,241     47,887 SH       DEFINED      1, 5       47,887
 WAL MART STORES INC            COM               931142103      3,716     79,410 SH       DEFINED    1, 4, 5      79,410
 WAL MART STORES INC            COM               931142103      1,603     34,259 SH       DEFINED    1, 3, 5      34,259
 WALTER INDUSTRIES INC NEW      COM               93317Q105      7,251    145,830 SH       DEFINED    1, 2, 5     145,830
 WALTER INDUSTRIES INC NEW      COM               93317Q105      8,954    180,093 SH       DEFINED      1, 5      180,093
 WALTER INDUSTRIES INC NEW      COM               93317Q105     14,880    299,278 SH       DEFINED    1, 4, 5     299,278
 WALTER INDUSTRIES INC NEW      COM               93317Q105      6,442    129,574 SH       DEFINED    1, 3, 5     129,574
 WILLIAMS COS INC DEL           COM               969457100      4,484    193,531 SH       DEFINED    1, 2, 5     193,531
 WILLIAMS COS INC DEL           COM               969457100      5,507    237,674 SH       DEFINED      1, 5      237,674
 WILLIAMS COS INC DEL           COM               969457100      9,195    396,859 SH       DEFINED    1, 4, 5     396,859
 WILLIAMS COS INC DEL           COM               969457100      3,984    171,936 SH       DEFINED    1, 3, 5     171,936
 WYETH                          COM               983024100      1,432     31,089 SH       DEFINED    1, 2, 5      31,089
 WYETH                          COM               983024100      1,769     38,394 SH       DEFINED      1, 5       38,394
 WYETH                          COM               983024100      2,939     63,802 SH       DEFINED    1, 4, 5      63,802
 WYETH                          COM               983024100      1,273     27,624 SH       DEFINED    1, 3, 5      27,624
 XL CAP LTD                     CL A              G98255105      3,585     53,213 SH       DEFINED    1, 2, 5      53,213
 XL CAP LTD                     CL A              G98255105      4,417     65,560 SH       DEFINED      1, 5       65,560
 XL CAP LTD                     CL A              G98255105      7,345    109,010 SH       DEFINED    1, 4, 5     109,010
 XL CAP LTD                     CL A              G98255105      3,181     47,217 SH       DEFINED    1, 3, 5      47,217
 XL CAPITAL LTD                 7% CONV PRFD      G98255121     25,659    100,427 PRN      DEFINED    1, 2, 5     100,427
 XL CAPITAL LTD                 7% CONV PRFD      G98255121     27,659    108,253 PRN      DEFINED      1, 5      108,253
 XL CAPITAL LTD                 7% CONV PRFD      G98255121     56,149    219,760 PRN      DEFINED    1, 4, 5     219,760
 XL CAPITAL LTD                 7% CONV PRFD      G98255121     18,284     71,560 PRN      DEFINED    1, 3, 5      71,560

</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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