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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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 4,938 56,826 SH   SOLE   56,826 0 0
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 780097747 2,254 89,941 SH   SOLE   89,941 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR L RP PF 780097788 6,872 275,000 SH   SOLE   275,000 0 0