<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-11-30</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001179484</issuerCik>
        <issuerName>COMDISCO HOLDING CO INC</issuerName>
        <issuerTradingSymbol>CDCO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247119</rptOwnerCik>
            <rptOwnerName>KEMPNER THOMAS L JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>885 THIRD AVE STE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000928549</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER PARTNERS</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>885 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247126</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>885 THIRD AVE STE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001336624</rptOwnerCik>
            <rptOwnerName>M H Davidson &amp; Co</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>885 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247125</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER INTERNATIONAL LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>885 THIRD AVE STE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247128</rptOwnerCik>
            <rptOwnerName>MHD MANAGEMENT CO</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>885 THIRD AVE STE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247130</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER ADVISERS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>885 THIRD AVE STE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247134</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER INTERNATIONAL ADVISORS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>885 THIRD AVE STE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247116</rptOwnerCik>
            <rptOwnerName>DAVIDSON MARVIN H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>885 THIRD AVE STE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247118</rptOwnerCik>
            <rptOwnerName>DOWICZ STEPHEN M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>885 THIRD AVE STE 3300</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, $0.01 par value per share (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2005-10-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>46642</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>16</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>946753</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Notes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F10"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-11-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1313</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>893880</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Notes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                    <footnoteId id="F11"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-11-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3796</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>897676</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Notes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                    <footnoteId id="F11"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>634</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>898314</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Notes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F8"/>
                    <footnoteId id="F9"/>
                    <footnoteId id="F12"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1829</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>900143</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Notes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F8"/>
                    <footnoteId id="F9"/>
                    <footnoteId id="F12"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The shares of Common Stock to which this note relates are held directly by Davidson Kempner Partners, a New York limited
partnership (&quot;DKP&quot;), as to 181,976 shares of Common Stock (&quot;Shares&quot;); Davidson Kempner Institutional Partners, L.P., a
Delaware limited partnership (&quot;DKIP&quot;), as to 350,409 Shares; M.H. Davidson &amp; Co., a New York limited partnership (&quot;CO&quot; ), as
to 1,749 Shares; Davidson Kempner International, Ltd., a British Virgin Islands corporation (&quot;DKIL&quot;), as to 391,789 Shares;
M.H. Davidson &amp; Co. LLC 401(k) Plan, an employee benefit plan (the &quot;Plan&quot;), as to 1,224 Shares; and Serena Limited, a Cayman
Islands corporation (&quot;Serena&quot;), as to 18,125 Shares.</footnote>
        <footnote id="F2">MHD Management Co., a New York limited partnership (&quot;MHD&quot;) is the general partner of DKP. Davidson Kempner Advisers, Inc., a
New York corporation (&quot;DKAI&quot;), is the general partner of DKIP and is registered as an investment adviser with the U.S.
Securities Exchange Commission. Davidson Kempner International Advisors, L.L.C., a Delaware limited liability company
(&quot;DKIA&quot;), is the investment manager of DKIL and Serena. Thomas L. Kempner, Jr., Marvin H. Davidson, Stephen M. Dowicz, Scott
E. Davidson, Michael J. Leffell, Timothy I. Levart, Robert J. Brivio, Jr., Eric P. Epstein and Anthony A. Yoseloff
(collectively, the &quot;Principals&quot;) are the general partners of CO and MHD, the sole managing members of DKIA and the sole
stockholders of DKAI. Messrs. Levart, Kempner, Dowicz, Leffell, Brivio and Scott Davidson are the trustees of the Plan.</footnote>
        <footnote id="F3">Each of the Reporting Persons disclaims beneficial ownership of the securities to which this Form 4 relates except to the
extent each may be deemed to have a pecuniary interest in such securities pursuant to Section 16 of the Securities Exchange
Act of 1934, as amended.</footnote>
        <footnote id="F4">In addition to footnote (1), Thomas J. Kempner may be deemed to beneficially own the following Shares: Thomas L. Kempner, Jr.
Individual Retirement Account (&quot;IRA&quot;), as to 137 Shares; Katheryn C. Patterson (&quot;Patterson&quot;), as to 671 Shares; Katheryn
Clews Patterson Individual Retirement Account (&quot;Patterson IRA&quot;), as to 264 Shares. Patterson is the spouse of Thomas L.
Kempner, Jr. Stephen Dowicz may be deemed to beneficially own the following Shares: 55 Shares as to Stephen Dowicz; 21
Shares as to Mary E. Dowicz. Mary Dowicz is the spouse of Stephen Dowicz. Anthony A. Yoseloff may be deemed to beneficially
own 1 Share. Scott Davidson may be deemed to beneficially own 332 Shares.</footnote>
        <footnote id="F5">The shares to which this line relates were acquired as a result of a distribution of Common Stock by the issuer to
debt-holders. No price was paid for such shares.</footnote>
        <footnote id="F6">As of the end of the day on November 30, 2004, the Shares to which this note relates were held directly by DKP as to 172,237
Shares; DKIP as to 334,803 Shares; CO as to 495 Shares; DKIL as to 369,986 Shares; the Plan as to 1,224 Shares; and Serena
as to 17,422 Shares.</footnote>
        <footnote id="F7">In addition to footnote (6), as of the end of the day on November 30, 2004, Thomas J. Kempner may have been deemed to
beneficially own the following Shares: IRA as to 137 Shares; Patterson as to 669 Shares; Patterson IRA as to 264 Shares.
Stephen Dowicz may have been deemed to beneficially own the following Shares: 55 Shares as to Stephen Dowicz; 21 Shares as
to Mary Dowicz; 32 Shares as to the Stephen M. Dowicz Individual Retirement Account (&quot;Dowicz IRA&quot;). Anthony A. Yoseloff may
have been deemed to beneficially own 1 Share. Scott Davidson may have been deemed to beneficially own 330 Shares.</footnote>
        <footnote id="F8">As of the end of the day on February 28, 2005, the Shares to which this note relates were held directly by DKP as to 172,741
Shares; DKIP as to 335,670 Shares; CO as to 536 Shares; DKIL as to 370,987 Shares; the Plan as to 1,224 Shares; and Serena
as to 17,472 Shares.</footnote>
        <footnote id="F9">In addition to footnote (8), as of the end of the day on February 28, 2005, Thomas J. Kempner may have been deemed to
beneficially own the following Shares: IRA as to 137 Shares; Patterson as to 671 Shares; Patterson IRA as to 264 Shares.
Stephen Dowicz may have been deemed to beneficially own the following Shares: 55 Shares as to Stephen Dowicz; 21 Shares as to
Mary Dowicz; 32 Shares as to Dowicz IRA. Anthony A. Yoseloff may have been deemed to beneficially own 1 Share. Scott Davidson
may have been deemed to beneficially own 332
Shares.</footnote>
        <footnote id="F10">The following foundations and trusts hold securities of the issuer and were established by the Reporting Persons: Anthony A.
Yoseloff Foundation Inc. (77); Marvin H. Davidson Foundation Inc. (3,860); Scott and Susan Davidson Foundation Inc. (2,633);
Trust u/w Sally M. Davidson, Marvin H. Davidson Trustee (2); Stephen and Mary Dowicz Foundation (2,261); Thomas Kempner
and Thomas L. Kempner Jr. Trustees U/A/D FBO Thomas Nathaniel Kempner (5); Thomas L. Kempner Jr. Foundation Inc. (5,470);
Thomas L Kempner, Thomas L. Kempner Jr. Trustees U/A/D FBO Trevor M. Kempner (5); John Freund and Mada Lyn Ciocca Trustees
U/A/D FBO Jessica Kempner (5); and Lisa and Michael Leffell Foundation, (2,163). The securities held by the trusts and
foundations are not included with the holdings of the Reporting Persons on this Form 4. The Reporting Persons disclaim
beneficial ownership over these Shares pursuant to Section 16 of the Securities Exchange Act of 1934.</footnote>
        <footnote id="F11">As of November 30, 2004, the following foundations and trusts held securities of the issuer and were established by the
Reporting Persons: Anthony A. Yoseloff Foundation Inc. (77); Marvin H. Davidson Foundation Inc. (3,858); Scott and Susan
Davidson Foundation Inc. (2,632 ); Trust u/w Sally M. Davidson, Marvin H. Davidson Trustee (2); Stephen and Mary Dowicz
Foundation (2,261); Thomas Kempner and Thomas L. Kempner Jr. Trustees U/A/D FBO Thomas Nathaniel Kempner (5); Thomas L.
Kempner Jr. Foundation Inc. (5,468); Thomas L Kempner, Thomas L. Kempner Jr., Trustees U/A/D FBO Trevor M. Kempner (5); John
Freund and Mada Lyn Ciocca Trustees U/A/D FBO Jessica Kempner (5); and Lisa and Michael Leffell Foundation (2,163). The
securities held by the trusts and foundations are not included with the holdings of the Reporting Persons on this Form 4.
The Reporting Persons disclaim beneficial ownership over these Shares pursuant to Section 16 of the Securities Exchange Act
of 1934.</footnote>
        <footnote id="F12">As of February 28, 2005, the following foundations and trusts held securities of the issuer and were established by the
Reporting Persons: Anthony A. Yoseloff Foundation Inc. (77); Marvin H. Davidson Foundation Inc. (3,860); Scott and Susan
Davidson Foundation Inc. (2,633 ); Trust u/w Sally M. Davidson, Marvin H. Davidson Trustee (2); Stephen and Mary Dowicz
Foundation (2,261); Thomas Kempner and Thomas L. Kempner Jr. Trustees U/A/D FBO Thomas Nathaniel Kempner (5); Thomas L.
Kempner Jr. Foundation Inc. (5,470); Thomas L Kempner, Thomas L. Kempner Jr. Trustees U/A/D FBO Trevor M. Kempner (5); John
Freund and Mada Lyn Ciocca Trustees U/A/D FBO Jessica Kempner (5); and Lisa and Michael Leffell Foundation (2,163). The
securities held by the trusts and foundations are not included with the holdings of the Reporting Persons on this Form 4.
The Reporting Persons disclaim beneficial ownership over these Shares pursuant to Section 16 of the Securities Exchange Act
of 1934.</footnote>
    </footnotes>

    <remarks>This is Part One of a two-part Form 4 filing. Part Two is filed to indicate all Reporting Persons. It is not a separate Form
4 filing.</remarks>

    <ownerSignature>
        <signatureName>/s/ Thomas L. Kempner, Jr.</signatureName>
        <signatureDate>2005-11-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
