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
ARCHER DANIELS MIDLAND Com 039483102 6,012 150,007 SH   DFND 1 6,012 0 0
ARCHER DANIELS MIDLAND Com 039483102 5,010 124,993 SH   DFND 2 5,010 0 0
ARCHER DANIELS MIDLAND Com 039483102 7,014 175,000 SH   DFND 3 7,014 0 0
ASTRAZENECA PLC-SPONS ADR Com 046353108 14,227 410,000 SH   DFND 1 14,227 0 0
ASTRAZENECA PLC-SPONS ADR Com 046353108 3,123 90,000 SH   DFND 2 3,123 0 0
BP PLC - SPONS ADR Com 055622104 4,623 110,000 SH   DFND 1 4,623 0 0
BP PLC - SPONS ADR Com 055622104 12,189 290,000 SH   DFND 2 12,189 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 1 100,000 SH   DFND 0 1 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 4 600,000 SH   DFND 1 4 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 5 700,000 SH   DFND 2 5 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 4 600,000 SH   DFND 3 4 0 0
EGAIN CORP Com 28225C806 112 21,355 SH   DFND 3 112 0 0
ERICSSON LM TEL Com 294821608 3,580 536,000 SH   DFND 1 3,580 0 0
ERICSSON LM TEL Com 294821608 3,768 564,000 SH   DFND 2 3,768 0 0
ERICSSON LM TEL Com 294821608 2,672 400,000 SH   DFND 3 2,672 0 0
GLAXOSMITHKLINE PLC-SPON Com 37733W105 9,967 281,000 SH   DFND 1 9,967 0 0
GLAXOSMITHKLINE PLC-SPON Com 37733W105 4,221 119,000 SH   DFND 2 4,221 0 0
JP MORGAN CHASE & CO Com 46625H100 12,148 113,600 SH   DFND 1 12,148 0 0
JP MORGAN CHASE & CO Com 46625H100 4,278 40,000 SH   DFND 2 4,278 0 0
JP MORGAN CHASE & CO Com 46625H100 4,962 46,400 SH   DFND 3 4,962 0 0
MERCK & CO INC Com 58933Y105 5,627 100,000 SH   DFND 1 5,627 0 0
MERCK & CO INC Com 58933Y105 11,254 200,000 SH   DFND 2 11,254 0 0
MORGAN STANLEY Com 617446448 11,019 210,000 SH   DFND 1 11,019 0 0
MORGAN STANLEY Com 617446448 9,969 190,000 SH   DFND 2 9,969 0 0
MORGAN STANLEY Com 617446448 4,747 90,472 SH   DFND 3 4,747 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 6 366 SH   DFND 0 6 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 289 15,613 SH   DFND 1 289 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 2 126 SH   DFND 3 2 0 0
PFIZER INC Com 717081103 714 19,700 SH   DFND 0 714 0 0
PFIZER INC Com 717081103 13,645 376,725 SH   DFND 1 13,645 0 0
PFIZER INC Com 717081103 129 3,575 SH   DFND 2 129 0 0
QUORUM HEALTH CORP Com 74909E106 11 1,735 SH   DFND 0 11 0 0
QUORUM HEALTH CORP Com 74909E106 689 110,413 SH   DFND 1 689 0 0
QUORUM HEALTH CORP Com 74909E106 388 62,148 SH   DFND 2 388 0 0
QUORUM HEALTH CORP Com 74909E106 65 10,413 SH   DFND 3 65 0 0
ROYAL DUTCH SHELL PLC-ADR A Com 780259206 6,671 100,000 SH   DFND 1 6,671 0 0
ROYAL DUTCH SHELL PLC-ADR A Com 780259206 6,671 100,000 SH   DFND 3 6,671 0 0
SANOFI-AVENTIS Com 80105N105 12,900 300,000 SH   DFND 1 12,900 0 0
SANOFI-AVENTIS Com 80105N105 6,450 150,000 SH   DFND 2 6,450 0 0
STAGE STORES INC Com 85254C305 0 2 SH   DFND 0 0 0 0
STAGE STORES INC Com 85254C305 28 16,489 SH   DFND 3 28 0 0
TOTAL SA-SOPN ADR Com 89151E109 11,056 200,000 SH   DFND 1 11,056 0 0
TOTAL SA-SOPN ADR Com 89151E109 5,528 100,000 SH   DFND 2 5,528 0 0
WESTERN UNION CO THE Com 959802109 3,802 200,000 SH   DFND 1 3,802 0 0
WESTERN UNION CO THE Com 959802109 9,505 500,000 SH   DFND 2 9,505 0 0
WILLIAMS COMPANIES INC Com 969457100 10,672 350,000 SH   DFND 2 10,672 0 0