SEC Form 3

FORM 3

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

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1. Name and Address of Reporting Person* VICUNA ADVISERS LLC (Last) (First) (Middle) 230 PARK AVENUE 7TH FLOOR (Street) NEW YORK NY 10169 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/11/2008	3. Issuer Name and Ticker or Trading Symbol FAMOUS DAVES OF AMERICA INC [ DAVE:US ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value ("Common Stock")(1)	982,733	I	As investment adviser to investment partnerships that own the Common Stock.
Common Stock(1)	982,733	I	As general partner of investment partnerships that own the Common Stock.
Common Stock(1)	982,733	I	As Managing Member of Advisors and Partners.(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* VICUNA ADVISERS LLC (Last) (First) (Middle) 230 PARK AVENUE 7TH FLOOR (Street) NEW YORK NY 10169 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* VICUNA PARTNERS LLC (Last) (First) (Middle) 230 PARK AVENUE 7TH FLOOR (Street) NEW YORK NY 10169 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WELCH JOSHUA G (Last) (First) (Middle) 230 PARK AVENUE 7TH FLOOR (Street) NEW YORK NY 10169 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. This Form 3 is being filed jointly by Vicuna Advisors LLC, a Delaware limited liability company ("Advisors"), Vicuna Partners LLC, a Delaware limited liability company ("Partners"), and Joshua G. Welch (collectively, the "Reporting Persons"). Advisors is the investment adviser to, and Partners is the general partner of, investment partnerships that own the Common Stock. Welch is the Managing Member of Advisors and Partners. The filing of this statement is not an admission by any Reporting Person that such Reporting Person and any other Reporting Person or any other person constitute a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, or Rule 13d-5 thereunder or that any Reorting Person is the beneficial owner of any securities owned by any other Reporting Person or any other person.

2. As Managing Member of Vicuna Advisors LLC, the investment adviser to investment partnerships that own the Common Stock, and as Managing Member of Vicuna Partners LLC, the general partner of investment partnerships that own the Common Stock.

Remarks:

VICUNA ADVISORS LLC By: /s/ Joshua G. Welch ------------------------------------------------------ Joshua G. Welch, Managing Member VICUNA PARTNERS LLC By: /s/ Joshua G. Welch ------------------------------------------------------ Joshua G. Welch, Managing Member /s/ Joshua G. Welch ------------------------------------------------------ Joshua G. Welch

	(See Remarks)	03/12/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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