13F-HR 1 oha1q08.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Oak Hill Advisors, L.P. Address: 1114 Avenue of the Americas 27th Floor New York, NY 10036 13F File Number: 28-12211 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Gregory S. Rubin Title: Asst. General Counsel and Chief Compliance Officer Phone: 212-326-1578 Signature, Place, and Date of Signing: /s/ Gregory S. Rubin New York, NY/USA May 15, 2008 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 14 Form13F Information Table Value Total: $78,963 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AT&T INC COM 00206R102 8799 229728 SH SOLE 229728 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 5686 265324 SH SOLE 265324 0 0 CBS CORP NEW CL B 124857202 5094 230725 SH SOLE 230725 0 0 CITIGROUP INC COM 172967101 2435 113700 SH SOLE 113700 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 4383 150000 SH SOLE 150000 0 0 FAIRPOINT COMMUNICATIONS INC COM 305560104 65 7206 SH SOLE 7206 0 0 HUNTSMAN CORP COM 447011107 6806 289007 SH SOLE 289007 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 2944 1388661 SH SOLE 1388661 0 0 MACYS INC COM 55616P104 4443 192671 SH SOLE 192671 0 0 R H DONNELLEY CORP COM NEW 74955W307 155 30557 SH SOLE 30557 0 0 RSC HOLDINGS INC COM 74972L102 18942 1737765 SH OTHER 0 1737765 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 3311 141677 SH SOLE 141677 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 13867 382148 SH SOLE 382148 0 0 WILLIAMS COS INC DEL COM 969457100 2033 61632 SH SOLE 61632 0 0