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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
BLACKSTONE GROUP LP COM 09253U108 44,820 1,080,000 SH   SOLE   1,080,000 0 0
CITIGROUP INC. COM 172967424 76,059 1,350,000 SH   SOLE   1,350,000 0 0
COMMMUNICATION S SALES & LEASING INC COM 20341J104 42,425 1,645,000 SH   SOLE   1,645,000 0 0
GAMING & LEISURE PROPERTIES INC. COM 36467J108 14,305 383,000 SH   SOLE   383,000 0 0
NCR CORP. COM 62886E108 14,288 460,000 SH   SOLE   460,000 0 0
PHOENIX COMPANIES INC. COM 71902E604 8,324 438,799 SH   SOLE   438,799 0 0
SPRINGLEAF HOLDINGS INC. COM 85172J101 40,188 865,000 SH   SOLE   865,000 0 0