SEC FORM 3

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^*

CARLSON CAPITAL L P

(Last)

(First)

(Middle)

2100 MCKINNEY AVENUE

SUITE 1600

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/14/2007

3. Issuer Name and Ticker or Trading Symbol
COLLEGIATE PACIFIC INC [ BOO ]

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)

X	Form filed by One Reporting Person
	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	1,327,310⁽¹⁾	I	See footnote⁽²⁾
Common Stock	140,178⁽¹⁾	I	See footnote⁽³⁾

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)

Explanation of Responses:

1. The filing of this Form 3 shall not be construed as an admission that Double Black Diamond Offshore LDC, Carlson Capital, L.P., Asgard Investment Corp, or Clint D. Carlson (the "Reporting Persons") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of common stock, $.01 par value per share (the "Common Stock"), of Collegiate Pacific Inc. (the "Issuer") owned by Double Black Diamond Offshore LDC, a Cayman Islands exempted company, and Black Diamond Offshore Ltd., a Cayman Islands exempted company, or their affiliates. Pursuant to Rule 16a-1, the Reporting Persons disclaim such beneficial ownership except to the extent of their respective pecuniary interests.

2. Carlson Capital, L.P. holds indirectly 1,327,310 shares of Common Stock on behalf of Double Black Diamond Offshore LDC, of which Carlson Capital, L.P. is the investment manager and receives an asset based fee and an annual fee based on the appreciation of Double Black Diamond Offshore LDC. Asgard Investment Corp. reports the shares indirectly held by Carlson Capital, L.P. because, as the general partner of Carlson Capital, L.P. at the time of purchase, it controlled the voting and disposition of the securities. Clint D. Carlson reports the shares indirectly held by Asgard Investment Corp. because, as the president of Asgard Investment Corp. at the time of purchase, he controlled the voting and disposition of the securities.

3. Carlson Capital, L.P. holds indirectly 140,178 shares of Common Stock on behalf of Black Diamond Offshore Ltd., of which Carlson Capital, L.P. is the investment manager and receives an asset based fee and an annual fee based on the appreciation of Black Diamond Offshore Ltd. Asgard Investment Corp. reports the shares indirectly held by Carlson Capital, L.P. because, as the general partner of Carlson Capital, L.P. at the time of purchase, it controlled the voting and disposition of the securities. Clint D. Carlson reports the shares indirectly held by Asgard Investment Corp. because, as the president of Asgard Investment Corp. at the time of purchase, he controlled the voting and disposition of the securities.

Remarks:

This Form 3 is filed on behalf of Double Black Diamond Offshore LDC, a Cayman exempted company, Carlson Capital, L.P., a Delaware limited partnership, the investment manager to Double Black Diamond Offshore LDC, Asgard Investment Corp., a Delaware corporation, the general partner to Carlson Capital, L.P. and Mr. Clint D. Carlson, the president of Asgard Investment Corp (collectively, the "Reporting Persons"). At the current time, only Carlson Capital, L.P. has the necessary SEC filing codes. Accordingly, Carlson Capital, L.P. is the sole reporting party. The remaining Reporting Persons are currently obtaining the necessary filing codes and upon receipt will file an amended Form 3.

	/s/ Clint D. Carlson, president of Asgard Investment Corp., general partner of Carlson Capital, L.P.	06/25/2007
	** 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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