FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * ATTICUS MANAGEMENT LLC   2. Issuer Name and Ticker or Trading Symbol ATHEROGENICS INC [AGIX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 767 FIFTH AVENUE,  3. Date of Earliest Transaction (Month/Day/Year) 11/27/2007 (Street) NEW YORK, NY 10153 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/27/2007   S   44,338 D $ 0.6304 (3) 4,721,362 I See Footnotes (1) (2) Common Stock 11/27/2007   S   50,000 D $ 0.6375 (4) 4,671,362 I See Footnotes Common Stock 11/27/2007   S   25,000 D $ 0.7058 (5) 4,646,362 I See Footnotes (1) (2) Common Stock 11/27/2007   S   163,703 D $ 0.6382 (6) 4,482,659 I See Footnotes (1) (2) Common Stock 11/28/2007   S   7,300 D $ 0.6347 (7) 4,475,359 I See Footnotes (1) (2) Common Stock 11/28/2007   S   85,649 D $ 0.4884 (8) 4,389,710 I See Footnotes (1) (2) Common Stock 11/28/2007   S   1,587,000 D $ 0.5 2,802,710 I See Footnotes (1) (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ATTICUS MANAGEMENT LLC 767 FIFTH AVENUE NEW YORK, NY 10153		X
Atticus Capital LP 767 FIFTH AVENUE NEW YORK, NY 10153		X
BARAKETT TIMOTHY R C/O ATTICUS CAPITAL LP 767 FIFTH AVENUE NEW YORK, NY 10153		X

Signatures

/s/ Dennis Bertron, Attorney-in-Fact; for Timothy R. Barakett, individually; as Managing Member of Atticus Management LLC; and on behalf of Atticus Capital LP, as Managing Member of Atticus Management LLC, its general partner		11/29/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This statement is being filed by Atticus Management LLC, f/k/a Atticus Capital, L.L.C., a Delaware limited liability company ("Atticus Management"). Atticus Capital LP, a Delaware limited partnership ("Atticus Capital") and Timothy R. Barakett are additional reporting persons.
(2)	Mr. Barakett is the Chairman, Chief Executive Officer and Managing Member of Atticus Management. Atticus Management is the sole general partner of Atticus Capital. Atticus Capital, together with certain of its affiliated entities (collectively, the "Atticus Entities"), acts as adviser for, or may otherwise be deemed to have investment discretion with respect to, various investment funds (the "Funds") and managed accounts (the "Accounts"). As a result, each of the Reporting Persons may be deemed to be a beneficial owner of the securities owned by the Funds and the Accounts for purposes of Rule 16a-1(a)(1) under the Securities Exchange Act of 1934, as amended (the "Act"). Each of the Reporting Persons disclaims beneficial ownership within the meaning of Rule 16a-1(a)(2) under the Act with regard to the securities owned by the Funds and Accounts except to the extent, if any, of such person's pecuniary interest therein.
(3)	The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.65 to $0.62.
(4)	The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.70 to $0.6230.
(5)	The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.74 to $0.68.
(6)	The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.68 to $0.66.
(7)	The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.6363 to $0.6301.
(8)	The reported sale price reflects an average price for numerous separate transctions. The actual sale prices for the transactions ranged from $0.4899 to $0.48.

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