UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: Value Line Inc
Address: 220 East 42nd Street
New York, NY 10017
13F File Number: 28-00401
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: David Henigson
Title: Vice President
Phone: 212-907-1600
Signature, Place, and Date of Signing:
/s/ David Henigson New York, NY August 15, 2005
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: 0
Form13F Information Table Entry Total: 914
Form13F Information Table Value Total: $2,549,876 (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.
NONE
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
21ST CENTY INS GROUP COM 90130N103 371 25000 SH DEFINED 0 25000 0
3COM CORP COM 885535104 109 30000 SH DEFINED 0 30000 0
A D C TELECOMMUNICATIONS COM NEW 000886309 10134 465500 SH DEFINED 0 465500 0
AARON RENTS INC COM 002535201 2025 81350 SH DEFINED 0 81350 0
ABERCROMBIE & FITCH CO CL A 002896207 9755 142000 SH DEFINED 0 142000 0
ABN AMRO HLDG NV SPONSORED ADR 000937102 532 21700 SH DEFINED 0 20000 1700
ACTUANT CORP SDCV 2.000%11/1 00508XAB0 324 250000 PRN DEFINED 0 250000 0
ACTUANT CORP CL A NEW 00508X203 4995 104200 SH DEFINED 0 104200 0
ADVANCE AUTO PARTS INC COM 00751Y106 11438 177200 SH DEFINED 0 177200 0
ADVANCED MEDICAL OPTICS INC NOTE 2.500% 7/1 00763MAG3 351 350000 PRN DEFINED 0 350000 0
ADVANCED MEDICAL OPTICS INC COM 00763M108 4698 118200 SH DEFINED 0 118200 0
ADVANCED MICRO DEVICES INC COM 007903107 434 25000 SH DEFINED 0 25000 0
ADVISORY BRD CO COM 00762W107 11322 232100 SH DEFINED 0 232100 0
AEROPOSTALE COM 007865108 4247 126400 SH DEFINED 0 126400 0
AES TR III PFD CV 6.75% 00808N202 338 7000 SH DEFINED 0 7000 0
AETNA INC NEW COM 00817Y108 14303 172700 SH DEFINED 0 171400 1300
AFFILIATED MANAGERS GROUP COM 008252108 3417 50000 SH DEFINED 0 50000 0
AFFYMETRIX INC COM 00826T108 12385 229700 SH DEFINED 0 229700 0
AFLAC INC COM 001055102 2740 63300 SH DEFINED 0 63300 0
AGCO CORP NOTE 1.750%12/3 001084AJ1 207 200000 PRN DEFINED 0 200000 0
AGERE SYS INC NOTE 6.500%12/1 00845VAA8 353 350000 PRN DEFINED 0 350000 0
AGILENT TECHNOLOGIES INC DBCV 3.000%12/0 00846UAB7 1973 2000000 PRN DEFINED 0 2000000 0
AGL RES INC COM 001204106 2968 76800 SH DEFINED 0 76800 0
AGNICO EAGLE MINES LTD COM 008474108 315 25000 SH DEFINED 0 25000 0
AGRIUM INC COM 008916108 392 20000 SH DEFINED 0 20000 0
AIR PRODS & CHEMS INC COM 009158106 2714 45000 SH DEFINED 0 45000 0
AIRGAS INC COM 009363102 2418 98000 SH DEFINED 0 98000 0
ALABAMA NATL BANCORP DELA COM 010317105 673 10300 SH DEFINED 0 10300 0
ALADDIN KNOWLEDGE SYS LTD ORD M0392N101 370 18000 SH DEFINED 0 18000 0
ALAMOSA HLDGS INC COM 011589108 4219 303500 SH DEFINED 0 303500 0
ALBEMARLE CORP COM 012653101 1054 28900 SH DEFINED 0 28900 0
ALCON INC COM SHS H01301102 9623 88000 SH DEFINED 0 88000 0
ALERIS INTL INC COM 014477103 1272 56400 SH DEFINED 0 56400 0
ALKERMES INC COM 01642T108 767 58000 SH DEFINED 0 58000 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 684 31000 SH DEFINED 0 31000 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 2636 65000 SH DEFINED 0 65000 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 814 11000 SH DEFINED 0 11000 0
ALLIANT TECHSYSTEMS INC COM 018804104 865 12250 SH DEFINED 0 12000 250
ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 3654 220000 SH DEFINED 0 220000 0
ALLSTATE CORP COM 020002101 2868 48000 SH DEFINED 0 48000 0
ALVARION LTD SHS M0861T100 581 50000 SH DEFINED 0 50000 0
ALZA CORP SDCV 7/2 02261WAB5 357 400000 PRN DEFINED 0 400000 0
AMEDISYS INC COM 023436108 3016 82000 SH DEFINED 0 82000 0
AMERADA HESS CORP COM 023551104 1193 11200 SH DEFINED 0 11200 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 16824 549100 SH DEFINED 0 548200 900
AMERICAN ELEC PWR INC COM 025537101 737 20000 SH DEFINED 0 20000 0
AMERICAN EXPRESS CO COM 025816109 532 10000 SH DEFINED 0 10000 0
AMERICAN FINL GROUP INC OHIO COM 025932104 1408 42000 SH DEFINED 0 42000 0
AMERICAN GREETINGS CORP CL A 026375105 265 10000 SH DEFINED 0 10000 0
AMERICAN HEALTHWAYS INC COM 02649V104 5626 133100 SH DEFINED 0 133100 0
AMERICAN HOME MTG INVT CORP COM 02660R107 1895 54200 SH DEFINED 0 54200 0
AMERICAN INTL GROUP INC COM 026874107 1225 21087 SH DEFINED 0 21087 0
AMERICAN MED SYS HLDGS INC COM 02744M108 2123 102800 SH DEFINED 0 102800 0
AMERICAN PHARMACEUTICALS PTN COM 02886P109 938 22750 SH DEFINED 0 22450 300
AMERICAN RETIREMENT CORP COM 028913101 374 25600 SH DEFINED 0 25600 0
AMERICAN STD COS INC DEL COM 029712106 8803 210000 SH DEFINED 0 210000 0
AMERICAN STS WTR CO COM 029899101 734 25000 SH DEFINED 0 25000 0
AMERIGROUP CORP COM 03073T102 439 10920 SH DEFINED 0 10920 0
AMERISTAR CASINOS INC COM 03070Q101 1957 75000 SH DEFINED 0 75000 0
AMETEK INC NEW COM 031100100 5993 143200 SH DEFINED 0 143200 0
AMGEN INC COM 031162100 11172 184790 SH DEFINED 0 183140 1650
AMPHENOL CORP NEW CL A 032095101 2346 58400 SH DEFINED 0 58400 0
ANADARKO PETE CORP COM 032511107 1339 16300 SH DEFINED 0 16100 200
ANADIGICS INC COM 032515108 39 20000 SH DEFINED 0 20000 0
ANCHOR BANCORP WIS INC COM 032839102 723 23900 SH DEFINED 0 23900 0
ANGLO AMERN PLC ADR 03485P102 926 39400 SH DEFINED 0 37400 2000
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 893 25000 SH DEFINED 0 25000 0
ANIXTER INTL INC NOTE 7/0 035290AF2 106 200000 PRN DEFINED 0 200000 0
ANSOFT CORP COM 036384105 367 15200 SH DEFINED 0 15200 0
ANSYS INC COM 03662Q105 3265 91600 SH DEFINED 0 91600 0
ANTEON INTL CORP COM 03674E108 16665 365300 SH DEFINED 0 365300 0
AON CORP DBCV 3.500%11/1 037389AT0 250 200000 PRN DEFINED 0 200000 0
APACHE CORP COM 037411105 4422 68450 SH DEFINED 0 66980 1470
APEX SILVER MINES LTD ORD G04074103 481 35000 SH DEFINED 0 35000 0
APPLEBEES INTL INC COM 037899101 6015 227064 SH DEFINED 0 224164 2900
APPLERA CORP COM CE GEN GRP 038020202 296 27000 SH DEFINED 0 27000 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 1966 60900 SH DEFINED 0 60900 0
APTARGROUP INC COM 038336103 1585 31200 SH DEFINED 0 31200 0
AQUILA INC PIES 6.75% 03840P409 210 6000 SH DEFINED 0 6000 0
ARBITRON INC COM 03875Q108 656 15300 SH DEFINED 0 15300 0
ARCH CAP GROUP LTD ORD G0450A105 595 13200 SH DEFINED 0 13200 0
ARCH COAL INC COM 039380100 6564 120500 SH DEFINED 0 120500 0
ARCHER DANIELS MIDLAND CO COM 039483102 652 30500 SH DEFINED 0 26800 3700
ARMOR HOLDINGS INC COM 042260109 2210 55800 SH DEFINED 0 55500 300
ARTHROCARE CORP COM 043136100 2799 80100 SH DEFINED 0 80100 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 441 16000 SH DEFINED 0 16000 0
ASSOCIATED BANC CORP COM 045487105 1625 48400 SH DEFINED 0 48400 0
ASSURANT INC COM 04621X108 903 25000 SH DEFINED 0 25000 0
ASTA FDG INC COM 046220109 431 15500 SH DEFINED 0 15500 0
ATP OIL & GAS CORP COM 00208J108 304 13000 SH DEFINED 0 13000 0
AUDIOCODES LTD ORD M15342104 507 51000 SH DEFINED 0 51000 0
AUTODESK INC COM 052769106 9808 285600 SH DEFINED 0 285600 0
AUTOLIV INC COM 052800109 4875 111300 SH DEFINED 0 111300 0
AVERY DENNISON CORP COM 053611109 636 12000 SH DEFINED 0 12000 0
AVIALL INC NEW COM 05366B102 1990 63000 SH DEFINED 0 63000 0
AVID TECHNOLOGY INC COM 05367P100 1284 24100 SH DEFINED 0 24100 0
AVNET INC COM 053807103 665 29500 SH DEFINED 0 29500 0
BALL CORP COM 058498106 3812 106000 SH DEFINED 0 106000 0
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 1212 13100 SH DEFINED 0 13100 0
BANCORPSOUTH INC COM 059692103 1001 42400 SH DEFINED 0 42400 0
BANK HAWAII CORP COM 062540109 6978 137500 SH DEFINED 0 137500 0
BANK MONTREAL QUE COM 063671101 433 9300 SH DEFINED 0 9300 0
BANK OF THE OZARKS INC COM 063904106 683 20800 SH DEFINED 0 20800 0
BANKATLANTIC BANCORP CL A 065908501 2562 135200 SH DEFINED 0 135200 0
BANKUNITED FINL CORP NOTE 3.125% 3/0 06652BAE3 282 300000 PRN DEFINED 0 300000 0
BANTA CORP COM 066821109 1960 43200 SH DEFINED 0 43200 0
BARD C R INC COM 067383109 5294 79600 SH DEFINED 0 79600 0
BARNES & NOBLE INC COM 067774109 2138 55100 SH DEFINED 0 55100 0
BARNWELL INDS INC COM 068221100 278 4200 SH DEFINED 0 4200 0
BAUSCH & LOMB INC FRNT 8/0 071707AM5 383 250000 PRN DEFINED 0 250000 0
BAXTER INTL INC CORP UNITS 7% 071813406 940 17000 SH DEFINED 0 17000 0
BCE INC COM 05534B109 1058 44700 SH DEFINED 0 44500 200
BEAR STEARNS COS INC COM 073902108 3887 37400 SH DEFINED 0 37400 0
BEAZER HOMES USA INC COM 07556Q105 9938 173900 SH DEFINED 0 173900 0
BEBE STORES INC COM 075571109 5322 201075 SH DEFINED 0 201075 0
BECTON DICKINSON & CO COM 075887109 1574 30000 SH DEFINED 0 30000 0
BED BATH & BEYOND INC COM 075896100 6296 150700 SH DEFINED 0 150500 200
BERKLEY W R CORP COM 084423102 7540 211325 SH DEFINED 0 210725 600
BEST BUY INC SDCV 2.250% 1/1 086516AF8 223 200000 PRN DEFINED 0 200000 0
BHP BILLITON LTD SPONSORED ADR 088606108 737 27000 SH DEFINED 0 24500 2500
BIO RAD LABS INC CL A 090572207 711 12000 SH DEFINED 0 12000 0
BIOMET INC COM 090613100 2332 67350 SH DEFINED 0 66750 600
BISYS GROUP INC NOTE 4.000% 3/1 055472AB0 988 1000000 PRN DEFINED 0 1000000 0
BJS RESTAURANTS INC COM 09180C106 332 16300 SH DEFINED 0 16300 0
BLACK & DECKER CORP COM 091797100 3360 37400 SH DEFINED 0 37400 0
BLACK HILLS CORP COM 092113109 332 9000 SH DEFINED 0 9000 0
BLACKROCK INC CL A 09247X101 2695 33500 SH DEFINED 0 33500 0
BOK FINL CORP COM NEW 05561Q201 394 8553 SH DEFINED 0 8553 0
BONE CARE INTL INC COM 098072101 1761 53400 SH DEFINED 0 53400 0
BORG WARNER INC COM 099724106 4353 81100 SH DEFINED 0 81100 0
BORLAND SOFTWARE CORP COM 099849101 172 25000 SH DEFINED 0 25000 0
BOYD GAMING CORP COM 103304101 6483 126800 SH DEFINED 0 126800 0
BP PLC SPONSORED ADR 055622104 234 3750 SH DEFINED 0 3750 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 358 5000 SH DEFINED 0 5000 0
BRADY CORP CL A 104674106 1764 56900 SH DEFINED 0 56900 0
BRIGGS & STRATTON CORP COM 109043109 692 20000 SH DEFINED 0 20000 0
BRIGHT HORIZON FAMILY SOLUTI COM 109195107 8751 214900 SH DEFINED 0 214900 0
BRINKS CO COM 109696104 1778 49400 SH DEFINED 0 49000 400
BROOKFIELD PPTYS CORP COM 112900105 1071 37200 SH DEFINED 0 37200 0
BROOKLINE BANCORP INC DEL COM 11373M107 1109 68200 SH DEFINED 0 68200 0
BROWN & BROWN INC COM 115236101 2359 52500 SH DEFINED 0 52500 0
BROWN FORMAN CORP CL B 115637209 1451 24000 SH DEFINED 0 24000 0
BROWN SHOE INC NEW COM 115736100 783 20000 SH DEFINED 0 20000 0
BUILDING MATLS HLDG CORP COM 120113105 14599 210700 SH DEFINED 0 210700 0
BUNGE LIMITED COM G16962105 5389 85000 SH DEFINED 0 85000 0
BURLINGTON COAT FACTORY COM 121579106 2465 57800 SH DEFINED 0 57800 0
BURLINGTON NORTHN SANTA FE C COM 12189T104 2731 58000 SH DEFINED 0 58000 0
BURLINGTON RES INC COM 122014103 4198 76000 SH DEFINED 0 76000 0
C H ROBINSON WORLDWIDE INC COM 12541W100 5110 87800 SH DEFINED 0 87800 0
CABOT CORP COM 127055101 660 20000 SH DEFINED 0 20000 0
CACI INTL INC CL A 127190304 2672 42300 SH DEFINED 0 42100 200
CADBURY SCHWEPPES PLC ADR 127209302 1549 40400 SH DEFINED 0 40400 0
CAL DIVE INTL INC COM 127914109 14281 272700 SH DEFINED 0 272300 400
CALIFORNIA WTR SVC GROUP COM 130788102 755 20100 SH DEFINED 0 20100 0
CANADIAN NAT RES LTD COM 136385101 1644 45200 SH DEFINED 0 45200 0
CANADIAN NATL RY CO COM 136375102 2101 36450 SH DEFINED 0 36450 0
CANADIAN PAC RY LTD COM 13645T100 889 25750 SH DEFINED 0 25750 0
CANON INC ADR 138006309 895 17000 SH DEFINED 0 17000 0
CAPITALSOURCE INC DBCV 3.500% 7/1 14055XAD4 181 200000 PRN DEFINED 0 200000 0
CARBO CERAMICS INC COM 140781105 569 7200 SH DEFINED 0 7200 0
CAREMARK RX INC COM 141705103 6779 152277 SH DEFINED 0 152277 0
CARLISLE COS INC COM 142339100 4681 68200 SH DEFINED 0 68200 0
CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 424 300000 PRN DEFINED 0 300000 0
CARTER INC COM 146229109 946 16200 SH DEFINED 0 16200 0
CASCADE CORP COM 147195101 225 5200 SH DEFINED 0 5200 0
CATALINA MARKETING CORP COM 148867104 470 18500 SH DEFINED 0 18500 0
CATERPILLAR INC DEL COM 149123101 2764 29000 SH DEFINED 0 29000 0
CATHAY GENERAL BANCORP COM 149150104 436 13000 SH DEFINED 0 13000 0
CATO CORP NEW CL A 149205106 1707 82650 SH DEFINED 0 82650 0
CBL & ASSOC PPTYS INC COM 124830100 1990 46200 SH DEFINED 0 46200 0
CELESTICA INC NOTE 8/0 15101QAA6 561 1000000 PRN DEFINED 0 1000000 0
CELGENE CORP COM 151020104 10610 260700 SH DEFINED 0 260700 0
CEMEX S A SPON ADR 5 ORD 151290889 1179 27800 SH DEFINED 0 27800 0
CENTENE CORP DEL COM 15135B101 4030 120000 SH DEFINED 0 120000 0
CENTERPOINT ENERGY INC NOTE 3.750% 5/1 15189TAC1 300 250000 PRN DEFINED 0 250000 0
CENTRAL EUROPEAN DIST CORP COM 153435102 1801 48250 SH DEFINED 0 47350 900
CENTRAL EUROPEAN MEDIA ENTRP CL A NEW G20045202 871 18000 SH DEFINED 0 18000 0
CENTRAL GARDEN & PET CO COM 153527106 2009 40900 SH DEFINED 0 40900 0
CEPHALON INC COM 156708109 6786 170500 SH DEFINED 0 170500 0
CERADYNE INC COM 156710105 620 25750 SH DEFINED 0 25750 0
CERNER CORP COM 156782104 7803 114800 SH DEFINED 0 114800 0
CHARLES RIV LABS INTL INC COM 159864107 2438 50528 SH DEFINED 0 50528 0
CHATTEM INC COM 162456107 7336 177200 SH DEFINED 0 177200 0
CHECKFREE CORP NEW COM 162813109 6938 203700 SH DEFINED 0 203700 0
CHEESECAKE FACTORY INC COM 163072101 3695 106400 SH DEFINED 0 106400 0
CHEMED CORP NEW COM 16359R103 2772 67800 SH DEFINED 0 67800 0
CHESAPEAKE ENERGY CORP COM 165167107 5974 262000 SH DEFINED 0 262000 0
CHEVRON CORP NEW COM 166764100 1347 24080 SH DEFINED 0 23500 580
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 2425 106100 SH DEFINED 0 106100 0
CHICAGO MERCANTILE HLDGS INC CL A 167760107 6412 21700 SH DEFINED 0 21700 0
CHICOS FAS INC COM 168615102 11542 336700 SH DEFINED 0 336700 0
CHIQUITA BRANDS INTL INC COM 170032809 687 25000 SH DEFINED 0 25000 0
CHOICE HOTELS INTL INC COM 169905106 5486 83500 SH DEFINED 0 83500 0
CHUBB CORP EQUITY UTS 7% 171232507 254 8000 SH DEFINED 0 8000 0
CHURCH & DWIGHT INC COM 171340102 3079 85050 SH DEFINED 0 82800 2250
CIBER INC SDCV 2.875%12/1 17163BAB8 220 250000 PRN DEFINED 0 250000 0
CIGNA CORP COM 125509109 2740 25600 SH DEFINED 0 25600 0
CIMAREX ENERGY CO COM 171798101 3619 93000 SH DEFINED 0 92850 150
CISCO SYS INC COM 17275R102 6592 345500 SH DEFINED 0 345500 0
CIT GROUP INC COM 125581108 2664 62000 SH DEFINED 0 62000 0
CITIGROUP INC COM 172967101 1805 39049 SH DEFINED 0 37299 1750
CITY NATL CORP COM 178566105 4073 56800 SH DEFINED 0 56800 0
CKE RESTAURANTS INC COM 12561E105 3314 238100 SH DEFINED 0 238100 0
CLAIRES STORES INC COM 179584107 2956 122900 SH DEFINED 0 119400 3500
CLARCOR INC COM 179895107 3621 123800 SH DEFINED 0 123800 0
CNF INC COM 12612W104 1908 42500 SH DEFINED 0 42500 0
COACH INC COM 189754104 17987 535800 SH DEFINED 0 535800 0
COEUR D ALENE MINES CORP IDA COM 192108108 298 82000 SH DEFINED 0 82000 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 18672 396180 SH DEFINED 0 393480 2700
COGNOS INC COM 19244C109 1297 38000 SH DEFINED 0 38000 0
COLDWATER CREEK INC COM 193068103 3174 127400 SH DEFINED 0 127400 0
COLONIAL BANCGROUP INC COM 195493309 882 40000 SH DEFINED 0 40000 0
COLUMBUS MCKINNON CORP N Y COM 199333105 6828 623300 SH DEFINED 0 623300 0
COMMERCE BANCSHARES INC COM 200525103 1908 37857 SH DEFINED 0 37857 0
COMMERCE GROUP INC MASS COM 200641108 2149 34600 SH DEFINED 0 34600 0
COMMONWEALTH TEL ENTERPRISES NOTE 3.250% 7/1 203349AB1 324 300000 PRN DEFINED 0 300000 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 15498 410100 SH DEFINED 0 410100 0
COMPASS BANCSHARES INC COM 20449H109 3150 70000 SH DEFINED 0 70000 0
COMPUCREDIT CORP COM 20478N100 1868 54500 SH DEFINED 0 54500 0
COMPUTER PROGRAMS & SYS INC COM 205306103 466 12500 SH DEFINED 0 12500 0
COMPUTER SCIENCES CORP COM 205363104 700 16025 SH DEFINED 0 15700 325
COMPUWARE CORP COM 205638109 180 25000 SH DEFINED 0 25000 0
COMSTOCK RES INC COM NEW 205768203 1062 42000 SH DEFINED 0 42000 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 2976 91200 SH DEFINED 0 91200 0
COMVERSE TECHNOLOGY INC DEBT 5/1 205862AL9 344 250000 PRN DEFINED 0 250000 0
CONAGRA FOODS INC COM 205887102 653 28200 SH DEFINED 0 28200 0
CONOCOPHILLIPS COM 20825C104 3737 65000 SH DEFINED 0 65000 0
CONSOL ENERGY INC COM 20854P109 8337 155600 SH DEFINED 0 155600 0
CONSTELLATION BRANDS INC CL A 21036P108 6776 229700 SH DEFINED 0 228400 1300
CONSTELLATION ENERGY GROUP I COM 210371100 2758 47800 SH DEFINED 0 47800 0
CONVERGYS CORP COM 212485106 356 25000 SH DEFINED 0 25000 0
COOPER CAMERON CORP DBCV 1.500% 5/1 216640AE2 220 200000 PRN DEFINED 0 200000 0
COOPER COS INC COM NEW 216648402 4047 66500 SH DEFINED 0 66500 0
CORINTHIAN COLLEGES INC COM 218868107 383 30000 SH DEFINED 0 30000 0
CORNING INC COM 219350105 11878 714700 SH DEFINED 0 714700 0
CORPORATE EXECUTIVE BRD CO COM 21988R102 5084 64900 SH DEFINED 0 64900 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 471 12000 SH DEFINED 0 12000 0
CORUS BANKSHARES INC COM 220873103 444 8000 SH DEFINED 0 8000 0
COSTCO COMPANIES INC NOTE 8/1 22160QAC6 204 200000 PRN DEFINED 0 200000 0
COSTCO WHSL CORP NEW COM 22160K105 242 5400 SH DEFINED 0 5400 0
COVANCE INC COM 222816100 4290 95600 SH DEFINED 0 95600 0
COVENTRY HEALTH CARE INC COM 222862104 4181 59100 SH DEFINED 0 59100 0
CP HOLDRS DEP RCPTS CP 12616K106 9725 98000 SH DEFINED 0 98000 0
CRA INTL INC COM 12618T105 1826 33900 SH DEFINED 0 33900 0
CRESCENT REAL ESTATE EQUITIE COM 225756105 1125 60000 SH DEFINED 0 60000 0
CROWN CASTLE INTL CORP COM 228227104 1260 62000 SH DEFINED 0 62000 0
CRUCELL N V SPONSORED ADR 228769105 432 18000 SH DEFINED 0 18000 0
CRYPTOLOGIC INC COM 228906103 1401 46700 SH DEFINED 0 46700 0
CSG SYS INTL INC CONV BD 2.5 & 0 126349AA7 184 200000 PRN DEFINED 0 200000 0
CSX CORP COM 126408103 7039 165000 SH DEFINED 0 165000 0
CUBIC CORP COM 229669106 944 53200 SH DEFINED 0 51000 2200
CULLEN FROST BANKERS INC COM 229899109 824 17300 SH DEFINED 0 17300 0
CVS CORP COM 126650100 2887 99300 SH DEFINED 0 99300 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 327 26000 SH DEFINED 0 26000 0
CYTYC CORP COM 232946103 618 28000 SH DEFINED 0 28000 0
D R HORTON INC COM 23331A109 6888 183133 SH DEFINED 0 182933 200
DADE BEHRING HLDGS INC COM 23342J206 3810 58600 SH DEFINED 0 58600 0
DAIMLERCHRYSLER AG ORD D1668R123 608 15000 SH DEFINED 0 15000 0
DANAHER CORP DEL COM 235851102 4784 91400 SH DEFINED 0 91400 0
DARDEN RESTAURANTS INC COM 237194105 9812 297500 SH DEFINED 0 297500 0
DAVITA INC COM 23918K108 5551 122056 SH DEFINED 0 122056 0
DEAN FOODS CO NEW COM 242370104 4118 116850 SH DEFINED 0 116850 0
DECODE GENETICS INC NOTE 3.500% 4/1 243586AB0 274 300000 PRN DEFINED 0 300000 0
DELL INC COM 24702R101 12813 324700 SH DEFINED 0 322700 2000
DELPHI FINL GROUP INC CL A 247131105 2278 51600 SH DEFINED 0 51600 0
DENBURY RES INC COM NEW 247916208 4840 121700 SH DEFINED 0 121700 0
DENTSPLY INTL INC NEW COM 249030107 1836 34000 SH DEFINED 0 34000 0
DEVON ENERGY CORP NEW COM 25179M103 1778 35088 SH DEFINED 0 32988 2100
DIAMONDCLUSTER INTL INC COM 25278P106 599 53000 SH DEFINED 0 53000 0
DICKS SPORTING GOODS INC COM 253393102 4033 104500 SH DEFINED 0 104500 0
DIEBOLD INC COM 253651103 677 15000 SH DEFINED 0 15000 0
DIODES INC COM 254543101 477 15300 SH DEFINED 0 15300 0
DJ ORTHOPEDICS INC COM 23325G104 1638 59700 SH DEFINED 0 59700 0
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 1413 37200 SH DEFINED 0 37200 0
DOMINION RES INC VA NEW COM 25746U109 1350 18400 SH DEFINED 0 18400 0
DONALDSON INC COM 257651109 2126 70100 SH DEFINED 0 70000 100
DONNELLEY R R & SONS CO COM 257867101 2733 79200 SH DEFINED 0 79200 0
DOW CHEM CO COM 260543103 503 11300 SH DEFINED 0 11000 300
DOWNEY FINL CORP COM 261018105 996 13600 SH DEFINED 0 13600 0
DREW INDS INC COM NEW 26168L205 663 14600 SH DEFINED 0 14600 0
DRS TECHNOLOGIES INC COM 23330X100 3031 59100 SH DEFINED 0 58800 300
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