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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
TRANSOCEAN INC DEB 0.500% 1/3 893830BJ7 1,005 999,000 SH   SOLE   999,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 11,586 1,684,000 SH   SOLE   1,684,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 19,453 324,000 SH   SOLE   324,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 45,465 1,918,352 SH   SOLE   1,918,352 0 0