SC 13D/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

Information to be Included in Statements Filed Pursuant

to Rules 13d-1(a) and Amendments thereto Filed

Pursuant to Rule 13d-2(a)

(Amendment No. 6)*

HECTOR COMMUNICATIONS CORPORATION

(Name of issuer)

Common Stock, par value $0.01 per share

(Title of class of securities)

422730101

(CUSIP number)

COPY TO:

R. G. Barrett

North Atlantic Value LLP

Ryder Court

14 Ryder Street

London SW1Y 6QB, England

011-44-207-747-5640

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

September 28, 2005

(Dates of Events which Require Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.  ¨

Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* 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 disclosures provided in a prior cover page.

The information required on 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 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).

(Continued on following pages)

SCHEDULE 13D

CUSIP No. 422730101 Page 2 of 23

1.	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)             North Atlantic Value LLP             No IRS Identification Number
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  ¨ (b)  x
3.	SEC USE ONLY
4.	SOURCE OF FUNDS             AF
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)	¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION             England

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.    SOLE VOTING POWER                 0   8.    SHARED VOTING POWER                 378,170   9.    SOLE DISPOSITIVE POWER                 0 10.    SHARED DISPOSITIVE POWER                 378,170

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON             378,170
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*	¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)             9.9%
14.	TYPE OF REPORTING PERSON*             OO, IA

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D

CUSIP No. 422730101 Page 3 of 23

1.	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)             Christopher Harwood Bernard Mills             No IRS Identification Number
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  ¨ (b)  x
3.	SEC USE ONLY
4.	SOURCE OF FUNDS             AF
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)	¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION             England

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.    SOLE VOTING POWER                 0   8.    SHARED VOTING POWER                 378,170   9.    SOLE DISPOSITIVE POWER                 0 10.    SHARED DISPOSITIVE POWER                 378,170

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON             378,170
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*	¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)             9.9%
14.	TYPE OF REPORTING PERSON*             IN

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D

CUSIP No. 422730101 Page 4 of 23

1.	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)             American Opportunity Trust plc             No IRS Identification Number
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  ¨ (b)  x
3.	SEC USE ONLY
4.	SOURCE OF FUNDS             WC
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)	¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION             England

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.    SOLE VOTING POWER                 0   8.    SHARED VOTING POWER                 84,959   9.    SOLE DISPOSITIVE POWER                 0 10.    SHARED DISPOSITIVE POWER                 84,959

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON             84,959
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*	¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)             2.2%
14.	TYPE OF REPORTING PERSON*             IV

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D

CUSIP No. 422730101 Page 5 of 23

1.	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)             The Trident North Atlantic Fund             No IRS Identification Number
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  ¨ (b)  x
3.	SEC USE ONLY
4.	SOURCE OF FUNDS             WC
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)	¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION             Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.    SOLE VOTING POWER                 0   8.    SHARED VOTING POWER                 140,906   9.    SOLE DISPOSITIVE POWER                 0 10.    SHARED DISPOSITIVE POWER                 140,906

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON             140,906
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*	¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)             3.7%
14.	TYPE OF REPORTING PERSON*             IV, CO

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D

CUSIP No. 422730101 Page 6 of 23

1.	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)             Trident Holdings             No IRS Identification Number
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  ¨ (b)  x
3.	SEC USE ONLY
4.	SOURCE OF FUNDS             WC
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)	¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION             Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.    SOLE VOTING POWER                 0   8.    SHARED VOTING POWER                 93,942   9.    SOLE DISPOSITIVE POWER                 0 10.    SHARED DISPOSITIVE POWER                 93,942

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON             93,942
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*	¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)             2.5%
14.	TYPE OF REPORTING PERSON*             IV, CO

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D

CUSIP No. 422730101 Page 7 of 23

1.	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)             High Tor Limited             No IRS Identification Number
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  ¨ (b)  x
3.	SEC USE ONLY
4.	SOURCE OF FUNDS             WC
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)	¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION             Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.    SOLE VOTING POWER                 0   8.    SHARED VOTING POWER                 18,757   9.    SOLE DISPOSITIVE POWER                 0 10.    SHARED DISPOSITIVE POWER                 18,757

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON             18,757
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*	¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)             0.5%
14.	TYPE OF REPORTING PERSON*             CO

* SEE INSTRUCTIONS BEFORE FILLING OUT!

AMENDMENT NO. 6 TO

STATEMENT ON SCHEDULE 13D

This Amendment No. 6 to Statement on Schedule 13D (the “Amendment”) is filed on behalf of the Filing Parties (defined below). This Amendment amends the Statement on Schedule 13D filed by the Filing Parties with the Securities and Exchange Commission (the “SEC”) on September 21, 2005 pursuant to a joint filing agreement dated as of February 27, 2004. The Filing Parties have previously filed Statements on Schedule 13D relating to the Company on February 27, 2004, March 11, 2004, May 4, 2004, June 1, 2004, August 16, 2004 and September 21, 2005.

Item 1. Security and Issuer.

The class of equity securities to which this Amendment relates is the common stock, par value $0.01 per share (the “Common Stock”) of Hector Communications Corporation, a corporation organized under the laws of Minnesota (the “Company”). The principal executive offices of the Company are located at 211 South Main Street, Hector, MN 55342.

Item 2. Identity and Background.

2 (a-c,f).

I. Filing Parties:

This Amendment is filed on behalf of the following persons, who are collectively referred to as the “Filing Parties”:

1. North Atlantic Value LLP (“North Atlantic Value”) is a limited liability partnership organized under the laws of England with its principal office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB England. North Atlantic Value is a firm authorized by the United Kingdom’s Financial Services Authority and is principally engaged in the business of investment management of active value and private equity investments, as well as to its private clients. The members of North Atlantic Value are J O Hambro Capital Management Group Limited (“JOHCMG”) and J O Hambro Capital Management Limited (“J O Hambro Capital Management”). The partners of North Atlantic Value are Christopher Harwood Bernard Mills, Nichola Pease, Jeremy James Brade, Fay Elizabeth Foster, Basil Postan, Charles Groves and M.D. Hemsley.

2. Christopher Harwood Bernard Mills is a British citizen whose business address is Ryder Court, 14 Ryder Street, London SW1Y 6QB England. His principal employment includes service as executive director of North Atlantic Smaller Companies Investment Trust (“NASCIT”) and American Opportunity Trust plc (“American Opportunity Trust”), as a director of JOHCMG, J O Hambro Capital Management, The Trident North Atlantic Fund (“Trident North Atlantic”), Oryx

Page 8 of 23

International Growth Fund Ltd. (“Oryx”), Acquisitor plc and Acquisitor Holdings (Bermuda) Ltd. (“Acquisitor”), and as co-investment adviser to NASCIT and American Opportunity Trust.

3. American Opportunity Trust is a corporation organized under the laws of England with its principal office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB England. American Opportunity Trust is a publicly-held investment trust company. Christopher Harwood Bernard Mills and North Atlantic Value serve as co-investment advisers to American Opportunity Trust.

4. Trident North Atlantic is an open-ended investment company incorporated in the Cayman Islands with its principal office and business at P.O. Box 309, Ugland House, George Town, Grand Cayman, Cayman Islands. Trident North Atlantic is a publicly-held regulated mutual fund. Christopher Harwood Bernard Mills serves as a director of Trident North Atlantic and North Atlantic Value serves as an investment adviser to Trident North Atlantic.

5. Trident Holdings (“Trident Holdings”) is an open-ended investment company incorporated in the Cayman Islands with its principal office and business at P.O. Box 1350GT, 75 Fort Street, George Town, Grand Cayman, Cayman Islands. Trident North Atlantic is a publicly-held regulated mutual fund. North Atlantic Value serves as an investment adviser to Trident Holdings.

6. High Tor Limited (“Trident High Tor”) is a corporation organized under the laws of the Cayman Islands with its principal office and business at P.O. Box N-4857, Unit No. 2, Cable Beach Court, West Bay Street, Nassau, The Bahamas. High Tor Limited is a private client of North Atlantic Value, which serves as an investment adviser to a portfolio of assets owned by Trident High Tor.

II. Control Relationships:

J O Hambro Capital Management is a wholly-owned subsidiary of JOHCMG.

Christopher Harwood Bernard Mills serves as a director of JOHCMG and J O Hambro Capital Management. Nichola Pease serves as a director of JOHCMG and J O Hambro Capital Management. Jeremy James Brade serves as a director of J O Hambro Capital Management. J O Hambro Capital Management and JOHCMG are members of North Atlantic Value LLP. The partners of North Atlantic Value LLP are also employees of J O Hambro Capital Management.

III. Executive Officers and Directors:

In accordance with the provisions of General Instruction C to Schedule 13D, information concerning the executive officers and directors of the Filing Parties is included in Schedule A hereto and is incorporated by reference herein.

Page 9 of 23

(d) Criminal Proceedings

During the last five years, neither the Filing Parties (or a controlling entity thereof) nor any executive officer or director of any of the Filing Parties (or a controlling entity thereof) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) Civil Securities Law Proceedings

During the last five years, neither the Filing Parties (or a controlling entity thereof) nor any executive officer or director of any of the Filing Parties (or a controlling entity thereof) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3. Source and Amount of Funds or Other Consideration.

The aggregate purchase price of the 84,959 shares of Common Stock beneficially held by American Opportunity Trust is $1,186,579 (exclusive of brokerage fees and commissions). All of the shares of Common Stock beneficially held by American Opportunity Trust were paid for using its working capital funds.

The aggregate purchase price of the 140,906 shares of Common Stock beneficially held by Trident North Atlantic is $2,275,661 (exclusive of brokerage fees and commissions). All of the shares of Common Stock beneficially held by Trident North Atlantic were paid for using its working capital funds.

The aggregate purchase price of the 93,942 shares of Common Stock beneficially held by Trident Holdings is $1,524,097 (exclusive of brokerage fees and commissions). All of the shares of Common Stock beneficially held by Trident Holdings were paid for using its working capital funds.

The aggregate purchase price of the 18,757 shares of Common Stock beneficially held by Trident High Tor is $297,688 (exclusive of brokerage fees and commissions). All of the shares of Common Stock beneficially held by Trident High Tor were paid for using its working capital funds.

Item 4. Purpose of Transaction.

On September 21, 2005, North Atlantic Value sent a letter to the board of directors of the Company which expressed NAV’s grave concerns that the Company may value entrenchment of management over the best interests of stockholders, and urged the board of directors of the Company to appoint a special committee of truly outside, independent directors who will seriously - and fairly - consider Opportunity Partners LP’s recent offer to purchase the Company.

Page 10 of 23

The Chief Executive Officer of the Company responded to NAV’s letter and on September 28, 2005, NAV delivered a follow up letter to the board of directors which expressed its continuing concern that the Company is not seriously considering the offer from Opportunity Partners LP, and that it continues to believe that immediately appointing a special committee is in the best interests of the corporation and shareholders. The letter to the Company delivered on September 28, 2005 (including the CEO’s response to NAV’s initial letter) is attached as Exhibit 99.3 to this Amendment on Schedule 13D. The initial letter to the Company delivered on September 21, 2005 is attached as Exhibit 99.2 to NAV’s Amendment on Schedule 13D filed on September 21, 2005.

The Filing Parties may take such actions with respect to their investment in the Company as they deem appropriate, including without limitation: (i) having open communications with the Company’s management in order to monitor their efforts to increase shareholder value, (ii) purchasing additional shares of Common Stock in the open market or otherwise, (iii) seeking a change of control of the Company through various means, including without limitation, an extraordinary corporate transaction, such as a merger, reorganization, recapitalization or tender offer, (iv) seeking to amend the Company’s charter and by-laws, (v) seeking to elect a slate of directors to the Company’s board of directors and (vi) presenting proposals for stockholders’ consideration at an annual or special meeting of the Company’s stockholders.

Should the Company fail to define a clear strategy to maximize shareholder value, the Filing Parties may consider a means by which some or all of the directors may be removed from the board of directors.

The Filing Parties may also participate in discussions with potential purchasers of their shares of Common Stock, sell some or all of their shares of Common Stock in the open market or through privately negotiated transactions, or change their intention with respect to any and all of the matters referred to above.

Page 11 of 23

Item 5. Interest in Securities of the Issuer.

(a)-(b) The aggregate number and percentage of the outstanding Common Stock of the Company beneficially owned (i) by each of the Filing Parties, and (ii) to the knowledge of the Filing Parties, by each other person who may be deemed to be a member of the group, is as follows:

Filing Party	Aggregate Number of Shares	Number of Shares: Sole Power to Vote	Number of Shares: Shared Power to Vote	Number of Shares: Sole Power to Dispose	Number of Shares: Shared Power to Dispose	Approximate Percentage*
North Atlantic Value	378,170	0	378,170	0	378,170	9.9	%
Christopher H. B. Mills	378,170	0	378,170	0	378,170	9.9	%
American Opportunity Trust	84,959	0	84,959	0	84,959	2.2	%
Trident North Atlantic	140,906	0	140,906	0	140,906	3.7	%
Trident Holdings	93,942	0	93,942	0	93,942	2.5	%
Trident High Tor	18,757	0	18,757	0	18,757	0.5	%

* Based on 3,811,898 shares of Common Stock, par value $0.01 per share, outstanding as of July 31, 2005, which is based on information reported in the Company’s 10-Q, for the period ended June 30, 2005.

(c) Since the time of their last Amendment on Scheduled 13D, the Filing Parties effected no transactions in the Common Stock.

(d) No person other than the Filing Parties is known to have the right to receive, or the power to direct the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

North Atlantic Value is the investment manager and/or investment adviser to each of American Opportunity Trust, Trident North Atlantic, Trident Holdings, Trident High Tor and its private clients and as such it has the authority to vote or dispose of the Common Stock. Christopher Harwood Bernard Mills is a co-investment advisor to American Opportunity Trust, is an executive director of American Opportunity Trust and is a director of Trident North Atlantic. Christopher Harwood Bernard Mills is also a partner of North Atlantic Value.

Page 12 of 23

Item 7. Material to be Filed as Exhibits.

Letter to the Company dated September 27, 2005 filed as Exhibit 99.3.

Page 13 of 23

SIGNATURE

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.

Dated: September 28, 2005

NORTH ATLANTIC VALUE LLP
By:	/s/ R. G. Barrett
Name:	R. G. Barrett
Title:	Compliance Officer
	Executed on behalf of the Filing Parties pursuant to the Joint Filing Agreement, previously filed.

Page 14 of 23

Schedule A

Information Concerning Directors and Executive Officers of the Filing Parties

The following table sets forth certain information concerning each of the members and partners of North Atlantic Value LLP (“North Atlantic Value”) as of the date hereof.

Members:
Name:	J O Hambro Capital Management Group Limited
	(Member)
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Name:	J O Hambro Capital Management Limited
	(Member)
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Partners:
Name:	Christopher Harwood Bernard Mills
	(Partner)
Citizenship:	British
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Executive Director, American Opportunity Trust
	Director, Trident North Atlantic
	Director, J O Hambro Capital Management Limited
	Partner, North Atlantic Value LLP

Page 15 of 23

Name:	Nichola Pease
	(Partner)
Citizenship:	British
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Director and Chief Executive, J O Hambro Capital Management Limited
	Partner, North Atlantic Value LLP
Name:	Jeremy James Brade
	(Partner)
Citizenship:	British
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Director, J O Hambro Capital Management Limited
	Partner, North Atlantic Value LLP
Name:	Fay Elizabeth Foster
	(Partner)
Citizenship:	British
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Partner, North Atlantic Value LLP
Name:	Basil Postan
	(Partner)
Citizenship:	British
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Partner, North Atlantic Value LLP

Page 16 of 23

Name:	Charles Groves
	(Partner)
Citizenship:	British
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Partner, North Atlantic Value LLP
Name:	M.D. Hemsley
	(Partner)
Citizenship:	British
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Partner, North Atlantic Value LLP

Page 17 of 23

The following table sets forth certain information concerning each of the directors and executive officers of American Opportunity Trust plc (“American Opportunity Trust”) as of the date hereof.

Name:	R. Alexander Hammond-Chambers
	(Chairman)
Citizenship:	British
Business Address:	29 Rutland Square
	Edinburgh EH1 2BW
	Scotland
Principal Occupation:	Non-Executive Director, American Opportunity Trust
Name:	Christopher Harwood Bernard Mills
	(Executive Director)
Citizenship:	British
Business Address:	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Executive Director, American Opportunity Trust
	Director, Trident North Atlantic
	Director, J O Hambro Capital Management Limited
	Partner, North Atlantic Value LLP
Name:	John Gildea
	(Director)
Citizenship:	USA
Business Address:	Gildea Management Company1
	537 Steamboat Road
	Greenwich, Connecticut 06830
Principal Occupation:	Managing Director, Gildea Management Company

1 Gildea Management Company is principally engaged in the investment management business.

Page 18 of 23

Name:	The Hon. James J. Nelson
	(Director)
Citizenship:	British
Business Address:	Foreign & Colonial Ventures2
	4th Floor
	Berkeley Square House
	Berkeley Square
	London W1X 5PA
	England
Principal Occupation:	Director, Foreign & Colonial Ventures
Name:	Iain Tulloch
	(Director)
Citizenship:	British
Business Address:	Murray Johnstone Ltd.3
	7 West Nile Street
	Glasgow G2 2PX
	Scotland
Principal Occupation:	Director, Murray Johnstone Ltd.
Name:	Philip Ehrman
	(Director)
Citizenship:	British
Business Address:	Gartmore Investment Management Ltd.4
	Gartmore House
	16-18 Monument Street
	London EC3R 8AJ
	England
Principal Occupation:	Investment Manager, Gartmore Investment Management Ltd.

2 Foreign & Colonial Ventures is principally engaged in the investment management business.

3 Murray Johnstone Ltd. is principally engaged in the investment management business.

4 Gartmore Investment Management Limited is principally engaged in the investment management business.

Page 19 of 23

The following table sets forth certain information concerning each of the directors and executive officers of The Trident North Atlantic Fund (“Trident North Atlantic”) as of the date hereof.

Name:	Raymond O’Neill
	(Director)
Citizenship:	Irish
Business Address:	RSM Robson (Dublin)
	Futzwilton House
	Wilton Place
	Dublin 2
	Ireland
Principal Occupation:	Partner, RSM Robson Rhodes
Name:	Christopher Harwood Bernard Mills
	(Director)
Citizenship:	British
Business Address:	J O Hambro Capital Management Limited
	Ryder Court
	14 Ryder Street
	London SW1Y 6QB
	England
Principal Occupation:	Executive Director, American Opportunity Trust
	Director, Trident North Atlantic
	Director, J O Hambro Capital Management Limited
	Partner, North Atlantic Value LLP
Name:	David Sargison
	(Director)
Citizenship:	British
Business Address:	Ironshore Corporate Services Limited
	Box 1234GT
	Queensgate House
	South Church Street
	Grand Cayman
	Cayman Islands
Principal Occupation:	Managing Director, Ironshore Corporate Services Limited

Page 20 of 23

Name:	John Gildea
	(Director)
Citizenship:	USA
Business Address:	Gildea Management Company
	P.O. Box 98
	New Canaan, Connecticut 06840
	USA
Principal Occupation:	Managing Director, Gildea Management Company
Name:	Ralph Woodford
	(Director)
Citizenship:	British
Business Address:	Caledonian Bank & Trust Limited
	Caledonian House
	George Town, Grand Cayman
	Cayman Islands
Principal Occupation:	Director, Caledonian Bank & Trust Limited

Page 21 of 23

The following table sets forth certain information concerning each of the directors and executive officers of Trident Holdings (“Trident Holdings”) as of the date hereof.

Name:	Integra Limited
	(Corporate Director)
Citizenship:	Cayman Islands
Business Address:	Integra Limited
	P.O. Box 1350
	The Huntlaw Building
	Fort Street
	George Town, Grand Cayman
	Cayman Islands
Principal Occupation:	Corporation

Page 22 of 23

The following table sets forth certain information concerning each of the directors and executive officers of High Tor Limited (“Trident High Tor”) as of the date hereof.

Name:	Paul R. Sandford
	(Director)
Citizenship:	Canadian
Business Address:	High Tor Limited
	P.O. Box N-4857
	Unit No. 2
	Cable Beach Court
	West Bay Street
	Nassau, The Bahamas
Principal Occupation:	Director, High Tor Limited
Name:	Donald W. Tomlinson
	(Director)
Citizenship:	Canadian
Business Address:	High Tor Limited
	P.O. Box N-4857
	Unit No. 2
	Cable Beach Court
	West Bay Street
	Nassau, The Bahamas
Principal Occupation:	Director, High Tor Limited

Page 23 of 23

Exhibit Index

The following documents are filed herewith or incorporated herein by reference:

Exhibit	Page
(99.1) Joint Filing Agreement dated as of February 27, 2004 among the Filing Parties.	Previously filed.
(99.2) Letter to the Company dated September 21, 2005.	Previously filed.
(99.3) Letter to the Company dated September 27, 2005.	Exhibit 99.3

EX-99.3

Exhibit 99.3

NORTH ATLANTIC VALUE

LIMITED LIABILITY PARTNERSHIP

Ground Floor, Ryder Court, 14 Ryder Street,

London SW1Y 6QB

Telephone: 020 7747 5678    Facsimile: 020 7747 5647

September 27th 2005

Hector Communications Corporation

Board of Directors

c/o Curtis A. Sampson, Chairman and Chief Executive Officer

211 South Main Street

Hector, MN 55342

Dear Mr. Sampson:

We are writing to respond to your letter of September 21st 2005. We remain concerned that the company is not seriously considering the offer from Opportunity Partners LP, and we continue to believe that immediately appointing a special committee is in the best interests of the corporation and shareholders.

In your letter, you state that “[w]e are not sure why you feel we are not giving the offer as much consideration as it deserves.” Frankly, the basis for our concern should be quite clear by now. As I have explained during our telephone conversation of September 12th 2005, and through my letter of September 21st 2005, we have strong doubts about whether management will value its own entrenchment over the interests of shareholders. These concerns are rooted in, among other factors, the conflict you now admit exists among the Hector directors who have connections to Communications Systems, Inc., a company for which you are also Chairman and CEO.

Your letter, unfortunately, raises even more questions about management’s willingness to take Opportunity Partner LP’s offer - or any other offer - seriously. You mention “a legal issue that may have to be dealt with,” but never indicate what this issue might be, much less how it might be “dealt with.” You mention that “[s]ome have suggested” that the “proposed buyer” should “furnish evidence” of their “financial where-with-all,” but you never explain how Hector might acquire such “evidence,” or represent that the company will actually discuss the substance of Opportunity Partners LP’s offer with Opportunity Partners LP. Instead, you state that Legg Mason will be in contact with Opportunity Partners LP “as soon as appropriate.”

We believe the appropriate time to address these issues is now. Given the conflicts you admit exist on the Board, we urge you to appoint a truly outside, independent group of directors who will begin to seriously consider the offer. Taking this action - and taking this action now - is the best way to give the interests of the company and shareholders the consideration they deserve.

Very truly yours,

/s/    CHRISTOPHER H. B. MILLS        

Christopher H. B. Mills

Chief Investment Officer

	Hector Communications Corporation 211 South Main Street • P.O. Box 428 Hector, Minnesota 55342-0428 Phone: 320/848-6611 • Fax: 320/848-2702
September 21, 2005

Mr. Christopher Mills

J O Hambro Capital Management Group

Ground Floor, Ryder Court, 14 Ryder Street

London SW1Y 6QB

Dear Mr. Mills,

We are not sure why you feel we are not giving the offer as much consideration as it deserves. Some have suggested that it would be appropriate for the proposed buyer to furnish evidence that they have the financial where-with-all to complete the transaction because it appears that conventional financing of a telephone acquisition would not suffice. Further, there may be a legal issue that may have to be dealt with.

However, as I explained to you, the offer has been submitted to Legg Mason Wood Walker and if the board elects to pursue a sale of the company, Legg Mason will be in contact with Opportunity Partners LP as soon as appropriate.

As to appointment of a special committee, we have hired Legg Mason Wood Walker to advise us on the various strategic alternatives, of which sale of the company is one. We also have three independent directors which are not conflicted with any connection to Communications Systems, Inc., and if necessary, they will be appointed as the committee to act on behalf of the corporation and the shareholders.

Thank you for your concern on this matter.

Very truly yours,

/s/    CURTIS A. SAMPSON        

Curtis A. Sampson,

Chairman & CEO Hector Communications Corporation

CAS/jlw

cc: HCC Board of Directors

Legg Mason