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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950136-08-000759.txt : 20080215
<SEC-HEADER>0000950136-08-000759.hdr.sgml : 20080215
<ACCEPTANCE-DATETIME>20080215172924
ACCESSION NUMBER:		0000950136-08-000759
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080215
DATE AS OF CHANGE:		20080215
GROUP MEMBERS:		FROST GAMMA INVESTMENTS TRUST
GROUP MEMBERS:		FROST NEVADA INVESTMENTS TRUST

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Castle Brands Inc
		CENTRAL INDEX KEY:			0001311538
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-82363
		FILM NUMBER:		08623866

	BUSINESS ADDRESS:	
		STREET 1:		570 LEXINGTON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	MAIL ADDRESS:	
		STREET 1:		570 LEXINGTON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FROST PHILLIP MD ET AL
		CENTRAL INDEX KEY:			0000898860

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		3055756001

	MAIL ADDRESS:	
		STREET 1:		4400 BISCAYNE BLVD
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33137-3227
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>file1.htm
<DESCRIPTION>SCHEDULE 13G
<TEXT>


<TITLE>
</TITLE>


<DIV STYLE=""></DIV><PRE><BR>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   ----------

                                  SCHEDULE 13G
                                 (RULE 13D-102)
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

           INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES
  13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B)
                              (AMENDMENT NO. ____)*

                               CASTLE BRANDS INC.
- -------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    148435100
- -------------------------------------------------------------------------------
                                 (CUSIP Number)

                                   12/31/2007
- -------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed.

[_]   Rule 13d-1(b)

[_]   Rule 13d-1(c)

[X]   Rule 13d-1(d)

     *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).


                                Page 1 of 5 Pages

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

- ----------------                                           ---------------------
CUSIP No.                        SCHEDULE 13G                 PAGE 2 OF 7 PAGES
- ----------------                                           ---------------------

<FONT size="1">
- ----------------------------------------------------------------------------------------------------------------------

  1    NAME OF REPORTING PERSONS
       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

       PHILLIP FROST

- ----------------------------------------------------------------------------------------------------------------------
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                                            (a) [_]
                                                                                                    (b) [_]

- ----------------------------------------------------------------------------------------------------------------------
  3    SEC USE ONLY

- ----------------------------------------------------------------------------------------------------------------------
  4    CITIZENSHIP OR PLACE OF ORGANIZATION

                USA

- ----------------------------------------------------------------------------------------------------------------------
                                     5   SOLE VOTING POWER                             648,526*
           NUMBER OF
                                     ---------------------------------------------------------------------------------
             SHARES                  6   SHARED VOTING POWER                           237,400**
          BENEFICIALLY
                                     ---------------------------------------------------------------------------------
            OWNED BY                                                                   648,526*
              EACH                   7   SOLE DISPOSITIVE POWER
                                     ---------------------------------------------------------------------------------
           REPORTING                 8   SHARED DISPOSITIVE POWER                      237,400**
          PERSON WITH

- ----------------------------------------------------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       885,926***

- ----------------------------------------------------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
       CERTAIN SHARES*
                                                                                                     [_]

- ----------------------------------------------------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                5.59%

- ----------------------------------------------------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON*

                INDIVIDUAL

- ----------------------------------------------------------------------------------------------------------------------
</FONT>

*    Includes vested warrants and options to purchase 48,750 shares of common
     stock.

**   Includes vested warrants to purchase 162,000 shares of common stock

***  Includes vested warrants and options to purchase 210,750 shares of common
     stock.

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

- ----------------                                           ---------------------
CUSIP No.                        SCHEDULE 13G                 PAGE 3 OF 7 PAGES
- ----------------                                           ---------------------

<FONT size="1">

- ----------------------------------------------------------------------------------------------------------------------
  1    NAME OF REPORTING PERSONS
       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

       FROST GAMMA INVESTMENTS TRUST

- ----------------------------------------------------------------------------------------------------------------------
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                                            (a) [_]
                                                                                                    (b) [_]

- ----------------------------------------------------------------------------------------------------------------------
  3    SEC USE ONLY

- ----------------------------------------------------------------------------------------------------------------------
  4    CITIZENSHIP OR PLACE OF ORGANIZATION

                FLORIDA

- ----------------------------------------------------------------------------------------------------------------------
                                     5   SOLE VOTING POWER
           NUMBER OF
                                     ---------------------------------------------------------------------------------
             SHARES                  6   SHARED VOTING POWER                           75,400
          BENEFICIALLY
                                     ---------------------------------------------------------------------------------
            OWNED BY
              EACH                   7   SOLE DISPOSITIVE POWER
                                     ---------------------------------------------------------------------------------
           REPORTING                 8   SHARED DISPOSITIVE POWER                      75,400
          PERSON WITH

- ----------------------------------------------------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       75,400

- ----------------------------------------------------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
       CERTAIN SHARES*

                                                                                                     [_]
- ----------------------------------------------------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                0.48%

- ----------------------------------------------------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON*

                OO

- ----------------------------------------------------------------------------------------------------------------------
</FONT>

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

- ----------------                                           ---------------------
CUSIP No.                        SCHEDULE 13G                 PAGE 4 OF 7 PAGES
- ----------------                                           ---------------------

<FONT size="1">

- ----------------------------------------------------------------------------------------------------------------------
  1    NAME OF REPORTING PERSONS
       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

       FROST NEVADA INVESTMENTS TRUST

- ----------------------------------------------------------------------------------------------------------------------
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                                            (a) [_]
                                                                                                    (b) [_]

- ----------------------------------------------------------------------------------------------------------------------
  3    SEC USE ONLY

- ----------------------------------------------------------------------------------------------------------------------
  4    CITIZENSHIP OR PLACE OF ORGANIZATION

                FLORIDA

- ----------------------------------------------------------------------------------------------------------------------
                                     5   SOLE VOTING POWER
           NUMBER OF
                                     ---------------------------------------------------------------------------------
             SHARES                  6   SHARED VOTING POWER                           162,000**
          BENEFICIALLY
                                     ---------------------------------------------------------------------------------
            OWNED BY
              EACH                   7   SOLE DISPOSITIVE POWER
                                     ---------------------------------------------------------------------------------
           REPORTING                 8   SHARED DISPOSITIVE POWER                      162,000**
          PERSON WITH

- ----------------------------------------------------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       162,000**

- ----------------------------------------------------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
       CERTAIN SHARES*

                                                                                                     [_]
- ----------------------------------------------------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                1.02%

- ----------------------------------------------------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON*

                OO

- ----------------------------------------------------------------------------------------------------------------------
</FONT>

** Includes vested warrants to purchase 162,000 shares of common stock

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

- ----------------                                           ---------------------
CUSIP No.                        SCHEDULE 13G                 PAGE 5 OF 7 PAGES
- ----------------                                           ---------------------

ITEM 1(A).   NAME OF ISSUER.

             Castle Brands Inc.

ITEM 1(B).   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.

             570 Lexington Avenue
             29th Floor
             New York, NY 10022

ITEM 2(A).   NAME OF PERSON FILING.

             Phillip Frost

ITEM 2(B).   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.

             4400 Biscayne Blvd.
             Miami, Florida 33137

ITEM 2(C).   CITIZENSHIP.

             UNITED STATES

ITEM 2(D).   TITLE OF CLASS OF SECURITIES.

             Common Stock

ITEM 2(E).   CUSIP NUMBER.

             148435100

ITEM 3.      IF THIS STATEMENT IS FILED PURSUANT TO RULES  13D-1(B), OR
             13D-2(B) OR (C), IDENTIFY THE STATUS OF THE PERSON FILING.

ITEM 4.      OWNERSHIP.

             (A) AMOUNT BENEFICIALLY OWNED: 885,926

             (B) PERCENT OF CLASS: 5.59%

             (C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

                (I)   SOLE POWER TO VOTE OR DIRECT THE VOTE: 648,526

                (II)  SHARED POWER TO VOTE OR DIRECT THE VOTE: 237,400

                (III) SOLE POWER TO DISPOSE OR DIRECT THE DISPOSITION
                      OF: 648,526

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

- ----------------                                           ---------------------
CUSIP No.                        SCHEDULE 13G                 PAGE 6 OF 7 PAGES
- ----------------                                           ---------------------

                (IV)  SHARED POWER TO DISPOSE OR DIRECT THE DISPOSITION
                      OF: 237,400

ITEM 5.      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

             If this Statement is being filed to report the fact that as of the
             date hereof the reporting person has ceased to be the beneficial
             owner of more than five percent of the class of securities, check
             the following. [_]

ITEM 6.      OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

             Not Applicable

ITEM 7.      IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
             THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
             CONTROL PERSON.

             Not Applicable

ITEM 8.      IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

             Not Applicable

ITEM 9.      NOTICE OF DISSOLUTION OF GROUP.

             Not Applicable

ITEM 10.     CERTIFICATION.

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

- ----------------                                           ---------------------
CUSIP No.                        SCHEDULE 13G                 PAGE 7 OF 7 PAGES
- ----------------                                           ---------------------

                                   SIGNATURES

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


February 14, 2008                       /s/ Philip Frost, MD
                                        ----------------------------------------


</PRE>


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