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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BUCKEYE PARTNERS UNIT LTD PART 118230101 17,920 225,000 SH   SOLE 225,000 0 0
KINDER MORGAN UNIT LTD PART 494550106 5,130 55,000 SH   SOLE 55,000 0 0
PLAINS ALL AM PIPE UNT LTD PTN 726503105 107,128 1,820,000 SH   SOLE 1,820,000 0 0
TC PIPELINES LP UNIT LTD PART 87233Q108 78,666 1,161,778 SH   SOLE 1,161,778 0 0