X0202 4 2004-10-25 0 0000913032 MONTEREY PASTA CO PSTA 0000909450 GRUBER & MCBAINE CAPITAL MANAGEMENT LLC 50 OSGOOD PLACE SAN FRANCISCO CA 94133 0 0 1 0 Common Stock 2004-10-25 4 P 0 400 3.44 A 242400 D Common Stock 2004-10-25 4 P 0 400 3.44 A 279450 D By Gruber. By McBaine. This total is the number of shares beneficially owned after the transactions reported in accounts and investment partnerships in which the reporting persons have some pecuniary interest; the total excludes shares held in other client accounts managed by GMCM in which the reporting persons have no pecuniary interest. This form is filed by Gruber & McBaine Capital Management, LLC (GMCM), a limited liability company that is an investment adviser for client accounts and a general partner of investment limited partnerships; Jon D. Gruber (Gruber) and J. Patterson McBaine (McBaine), who are managers, members and portfolio mangers of GMCM; and Eric B Swergold (Swergold), who is a member and portfolio manager of GMCM. GRUBER & MCBAINE CAPITAL MANAGEMENT, LLC By: /s/ J. Patterson McBaine, J. Patterson McBaine, Manager 2004-10-27 /s/ Jon D. Gruber 2004-10-27