The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
Biogen Idec Inc. COM 09062X103 19,691 91,500 SH   DFND   91,500 0 0
Boeing Co COM 097023105 10,162 99,200 SH   DFND   99,200 0 0
Boston Scientific Corp COM 101137107 9,270 1,000,000 SH   DFND   1,000,000 0 0
CBS Corp CL B 124857202 99,890 2,044,000 SH   DFND   2,044,000 0 0
Charter Comm's Inc CL A 16117M305 33,687 272,000 SH   DFND   272,000 0 0
Cubist Pharms Inc. COM 229678107 19,944 413,000 SH   DFND   413,000 0 0
Delta Air Lines Inc. COM 247361702 72,249 3,861,500 SH   DFND   3,861,500 0 0
Select Sector SPDR TR SBI INT-FINL 81369Y605 10,616 544,700 SH   DFND   544,700 0 0
Gilead Sciences Inc. COM 375558103 31,311 610,700 SH   DFND   610,700 0 0
Google Inc. CL A 38259P508 196,543 223,250 SH   DFND   223,250 0 0
Johnson & Johnson COM 478160104 11,076 129,000 SH   DFND   129,000 0 0
Procter & Gamble Co COM 742718109 43,599 566,300 SH   DFND   566,300 0 0
Select Sector SPDR TR TECHNOLOGY 81369Y803 6,256 204,500 SH   DFND   204,500 0 0
US Airways Group Inc. COM 90341W108 38,817 2,364,000 SH   DFND   2,364,000 0 0
Verizon Comm's Inc. COM 92343V104 23,811 473,000 SH   DFND   473,000 0 0
Workday Inc. CL A 98138H101 32,397 505,500 SH   DFND   505,500 0 0
LyondellBasell Ind's NV SHS - A N53745100 14,445 218,000 SH   DFND   218,000 0 0