X0202 4 2007-01-03 0 0001185348 PORTFOLIO RECOVERY ASSOCIATES INC PRAA 0001185352 FREDRICKSON STEVEN D 120 CORPORATE BLVD SUITE 100 NORFOLK VA 23502 1 1 0 0 President, CEO, Chairman Common Stock 2007-01-03 4 G 0 1000 0.00 D 244385 D This gift of shares are pursuant to a Rule 10b5-1 plan dated November 29, 2006. There are no shares remaining to be gifted under this plan. /s/ Steven D. Fredrickson 2007-01-05