X0203 3 2008-07-17 0 0000025354 CPI CORP cpy 0001410600 Feld Peter A RAMIUS LLC 599 LEXINGTON AVENUE NEW YORK NY 10022 1 0 0 0 No securities owned 0 D Peter Feld is a Director of Ramius LLC, which is part of a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and may be deemed to beneficially own shares of common stock beneficially owned by other members of the Ramius Group. Mr. Feld disclaims beneficial ownership of all such shares. Peter Feld 2008-07-18