UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08932

Artisan Funds, Inc.

(Exact name of registrant as specified in charter)

875 East Wisconsin Avenue, Suite 800

Milwaukee, WI 53202

(Address of principal executive offices) (Zip Code)

Janet D. Olsen Artisan Funds, Inc. 875 East Wisconsin Avenue, #800 Milwaukee, Wisconsin 53202	Kevin J. McCarthy Bell, Boyd & Lloyd LLC Three First National Plaza, #3100 Chicago, IL 60602
(Name and address of agents for service)

Registrant’s telephone number, including area code: (414) 390-6100

Date of fiscal year end: 09/30/05

Date of reporting period: 12/31/05

Item 1. Schedule of Investments.

ARTISAN INTERNATIONAL FUND

Schedule of Investments - December 31, 2005 (Unaudited)

	Shares Held		Value
COMMON AND PREFERRED STOCKS - 99.2%
AUSTRIA - 0.5%
Wiener Staedtische Allgemeine Versicherung AG (1)		925,074	$	54,483,060
BELGIUM - 1.4%
InBev NV		3,942,863		171,640,711
BRAZIL - 0.4%
Telesp Celular Participacoes S.A., Preferred (ADR) (2)		13,653,068		51,608,597
CANADA - 1.8%
Corus Entertainment, Inc., Class B		166,300		4,463,469
EnCana Corporation		4,690,700		212,089,287
				216,552,756
CHINA - 3.2%
China Construction Bank (2)		131,820,800		45,478,019
China Merchants Holdings International Company Limited		7,608,000		16,484,417
China Mobile (Hong Kong) Limited		69,325,300		327,687,250
				389,649,686
DENMARK - 0.1%
Vestas Wind Systems A/S (2)		922,100		15,143,978
FINLAND - 0.5%
Fortum Oyj		3,176,230		59,563,760
FRANCE - 7.2%
Accor S.A.		902,153		49,622,014
Axa		3,945,158		127,322,524
Carrefour S.A.		3,825,293		179,248,480
JC Decaux S.A. (2)		2,262,520		52,768,365
LVMH Moet Hennessy Louis Vuitton S.A.		1,464,800		130,149,953
PagesJaunes S.A.		4,006,790		104,312,607
PPR S.A.		1,271,271		143,206,233
Safran S.A.		2,741,201		65,555,214
Sanofi-Aventis		206,166		18,061,913
				870,247,303
GERMANY - 9.5%
Allianz AG		1,331,632		201,699,841
Commerzbank AG		5,582,774		171,977,775
Deutsche Post AG		5,117,993		124,092,241
E.ON AG		1,728,526		178,835,051
Heidelberger Druckmaschinen AG		978,844		37,454,139
ProSiebenSat.1 Media AG, Preferred		7,157,870		138,553,197
RWE AG		931,340		68,968,465
SAP AG		354,785		64,331,784
Siemens AG		1,847,512		158,358,296
				1,144,270,789
HONG KONG - 2.1%
Cheung Kong (Holdings) Limited		5,300,900		54,453,926
MTR Corporation Limited		26,925,800		53,131,717
Sun Hung Kai Properties Limited		14,394,400		140,627,421
				248,213,064
ITALY - 5.9%
Assicurazioni Generali S.p.A.		4,284,740		149,746,201
Eni S.p.A.		4,868,768		135,053,659
Saipem S.p.A.		13,102,626		214,999,060
UniCredito Italiano S.p.A.		30,214,870		208,189,442
				707,988,362
JAPAN - 21.9%
Aeon Co., Ltd.		278,100		7,074,236
Bridgestone Corp.		4,528,000		94,257,345
Chugai Pharmaceutical Co., Ltd.		4,245,800		91,083,003
Credit Saison Co., Ltd.		8,807,200		439,855,921
Honda Motor Co., Ltd.		2,618,400		149,419,867
Japan Tobacco, Inc.		6,708		97,831,517
Jupiter Telecommunications Co., Ltd. (2)		185,738		148,199,820
Keyence Corp.		391,950		111,501,442
Mitsubishi Corp.		8,489,700		187,884,148
Mitsubishi Estate Co., Ltd.		4,713,000		97,908,594
Mitsubishi Heavy Industries, Ltd.		2,990,700		13,186,620
Mitsubishi UFJ Financial Group, Inc.		1,719		23,321,321
Mitsui & Co., Ltd.		4,940,000		63,459,533
Mitsui Fudosan Co., Ltd.		3,723,000		75,605,927
Mizuho Financial Group, Inc.		40,594		322,177,335
NTT Data Corp.		2,649		13,184,915
Orix Corp.		1,222,300		311,443,719
Sega Sammy Holdings, Inc.		8,643,100		289,483,572
SMC Corp.		746,600		106,670,708
Sumco Corp. (2)		64,000		3,359,139
				2,646,908,682
LUXEMBOURG - 0.5%
RTL Group		772,286		62,173,034
MEXICO - 3.2%
Grupo Televisa S.A. (ADR)		2,889,200		232,580,600
Wal-Mart de Mexico S.A. de C.V., Series V		27,707,100		153,747,369
				386,327,969
NETHERLANDS - 6.4%
ASML Holding N.V. (2)		10,657,917		213,242,628
ASML Holding N.V., NY Shares (2)		2,000,800		40,176,064
Fortis		10,898,183		346,944,403
ING Groep N.V.		4,794,614		166,316,852
				766,679,947
NORWAY - 1.0%
Aker ASA, A Shares		22,800		668,869
Stolt Offshore S.A. (2)(3)		9,819,700		114,211,318
				114,880,187
PORTUGAL - 0.9%
Banco Comercial Portugues, S.A.		40,315,903		111,210,886
RUSSIA - 3.3%
AFK Sistema (GDR) (1)		3,059,462		71,897,357
LUKOIL (ADR)		5,441,812		321,066,908
				392,964,265
SINGAPORE - 3.1%
Keppel Corporation Limited		17,794,500		117,727,423
Singapore Airlines Limited		22,763,900		169,772,568
Singapore Telecommunications Limited		56,670,317		88,960,110
				376,460,101
SOUTH KOREA - 4.4%
Hana Financial Group Inc.		2,893,124		132,227,659
Kookmin Bank (1)		3,598,055		269,114,727
Kookmin Bank (ADR)		72,600		5,423,946
Shinhan Financial Group Co., Ltd. (1)		2,996,020		120,509,855
				527,276,187
SPAIN - 2.6%
Banco Bilbao Vizcaya Argentaria, S.A.		7,290,603		130,160,671
Industria de Diseno Textil, S.A.		2,646,813		86,329,624
Promotora de Informaciones, S.A.		6,015,897		102,559,967
				319,050,262
SWITZERLAND - 10.0%
Nestle S.A.		933,705		279,248,176
Nobel Biocare Holding AG		59,774		13,146,141
Novartis AG		2,558,895		134,463,453
Roche Holding AG		1,408,119		211,424,131
Swiss Re		1,939,750		142,006,735
Synthes, Inc.		99,613		11,188,980
UBS AG		4,410,924		419,928,155
				1,211,405,771
TAIWAN - 0.7%
Chunghwa Telecom Co., Ltd. (ADR)		4,311,700		79,119,695
UNITED KINGDOM - 8.6%
Barclays PLC		3,945,969		41,481,060
British Sky Broadcasting Group PLC		18,259,867		155,981,046
Cadbury Schweppes PLC		8,054,814		76,151,450
Carnival PLC		1,919,939		109,007,489
ITV PLC		70,536,556		136,528,004
Kingfisher PLC		56,463,834		230,479,101
Smith & Nephew PLC		2,568,962		23,668,576
Tesco PLC		24,248,366		138,299,617
William Morrison Supermarkets PLC		39,424,949		131,252,346
				1,042,848,689
Total common and preferred stocks (Cost $8,834,934,187)				11,966,667,741
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 1.0%
Repurchase agreement with State Street Bank and Trust Company, 3.90%, dated 12/30/05, due 1/3/06, maturity value $119,831,905, collateralized by $122,176,637 market value Federal Home Loan Bank Note, 4.125%, due 10/19/07 (Cost $119,780,000)	$	119,780,000		119,780,000
Total investments - 100.2% (Cost $8,954,714,187)				12,086,447,741
Other assets less liabilities - (0.2%)				(23,181,382	)
Total net assets - 100.0% (4)			$	12,063,266,359

(1)	Valued at a fair value in accordance with procedures established by the Board of Directors of Artisan Funds. In total, securities valued at a fair value were $516,004,999 or 4.3% of total net assets.
(2)	Non-income producing security.
(3)	Affiliated company as defined by the Investment Company Act of 1940. See Note (G) in Notes to Form NQ.
(4)	Percentages for the various classifications relate to total net assets.
(ADR)	American Depository Receipt
(GDR)	Global Depository Receipt

PORTFOLIO DIVERSIFICATION - December 31, 2005 (Unaudited)

	Value			Percentage
Consumer Discretionary	$	2,420,075,307		20.1	%
Consumer Staples		1,234,493,902		10.2
Energy		998,089,101		8.3
Financials		4,309,615,975		35.7
Healthcare		503,036,197		4.2
Industrials		1,128,921,002		9.4
Information Technology		445,795,972		3.7
Telecommunication Services		619,273,009		5.1
Utilities		307,367,276		2.5
Total common and preferred stocks		11,966,667,741		99.2
Short-term investments		119,780,000		1.0
Total investments		12,086,447,741		100.2
Other assets less liabilities		(23,181,382	)	(0.2	)
Total net assets	$	12,063,266,359		100.0	%

CURRENCY EXPOSURE - December 31, 2005 (Unaudited)

	Value		Percentage
British pound	$	1,042,848,689	8.6	%
Canadian dollar		216,552,756	1.8
Danish krone		15,143,978	0.1
Euro		4,227,132,050	35.0
Hong Kong dollar		637,862,750	5.3
Japanese yen		2,646,908,682	21.9
Mexican peso		153,747,369	1.3
Norwegian krone		114,880,187	1.0
Singapore dollar		376,460,101	3.1
South Korean won		521,852,241	4.3
Swiss franc		1,211,405,771	10.0
US dollar		921,653,167	7.6
Total investments	$	12,086,447,741	100.0	%

ARTISAN INTERNATIONAL SMALL CAP FUND

Schedule of Investments - December 31, 2005 (Unaudited)

	Shares Held		Value
COMMON AND PREFERRED STOCKS - 97.3%
ARGENTINA - 0.4%
BBVA Banco Frances S.A. (ADR) (1)		500,900	$	3,581,435
AUSTRIA - 1.6%
Flughafen Wien AG (2)		25,954		1,856,834
Wienerberger AG (2)		284,122		11,313,744
				13,170,578
BELGIUM - 0.7%
Umicore		51,474		6,069,630
BRAZIL - 2.8%
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes (2)		545,600		7,400,601
Natura Cosmeticos S.A. (2)		158,000		6,960,062
Telesp Celular Participacoes S.A., Preferred (ADR) (1)		1,292,543		4,885,813
Universo Online S.A., Preferred (1)		449,000		3,782,791
				23,029,267
CANADA - 1.5%
Aur Resources Inc.		1,244,100		12,607,422
CHINA - 4.4%
Beijing Capital International Airport Company Limited		23,790,600		10,892,500
China Oilfield Services Limited, Series H		9,497,100		3,827,673
China Paradise Electronics Retail Limited (1)		4,290,000		1,521,541
China Travel International Investment Hong Kong Limited		11,373,200		2,728,283
Parkson Retail Group Limited (1)		449,800		812,159
Shanghai Electric Group Company Limited (1)		35,254,300		12,049,021
Sinopec Zhenhai Refining and Chemical Company Limited, Series H		3,064,100		4,030,853
				35,862,030
EGYPT - 1.4%
Commercial International Bank (GDR)		1,127,759		11,130,981
FINLAND - 1.6%
Metso Oyj		479,300		13,119,287
FRANCE - 7.7%
Geodis S.A.		106,244		13,119,090
JC Decaux S.A. (1)		285,200		6,651,671
Kaufman & Broad S.A.		130,788		10,521,371
Nexity		528,997		26,930,019
NRJ Group		159,008		3,893,001
SCOR		884,000		1,904,753
				63,019,905
GERMANY - 1.0%
Grenkeleasing AG		125,064		7,151,455
Heidelberger Druckmaschinen AG		17,933		686,182
				7,837,637
HONG KONG - 6.5%
Aeon Stores (Hong Kong) Co. Limited		737,100		732,000
Emperor Entertainment Hotel Limited (1)		38,876,200		11,532,022
Hengan International Group Company Limited		6,183,900		7,018,413
Hong Kong Exchanges & Clearing Limited		2,326,000		9,644,606
Midland Holdings Limited		13,049,100		6,731,849
Panva Gas Holdings Limited (1)		33,871,800		18,020,052
				53,678,942
ITALY - 2.7%
Pirelli & C. Real Estate S.p.A.		66,510		3,637,843
Socotherm S.p.A.		541,657		6,027,916
Sorin S.p.A. (1)		1,883,480		3,795,208
Toro Assicurazioni S.p.A.		514,520		9,015,275
				22,476,242
JAPAN - 15.3%
Creed Corporation		5,548		32,271,404
Japan Petroleum Exploration Company, Ltd.		375,300		23,707,848
Japan Wind Development Company, Ltd.		989		2,138,424
Komeri Company, Ltd.		375,900		16,159,859
NTT Urban Development Corporation		2,172		14,383,618
Ozeki Company, Ltd.		466,200		12,214,847
Sammy NetWorks Company, Ltd.		966		12,368,339
SFGC Company, Ltd.		53,317		12,884,508
Tokyu Community Corporation		5,800		158,358
				126,287,205
MEXICO - 2.4%
Axtel, S.A. de C.V. (ADR) (1)(2)		472,100		8,483,637
Empresas ICA S.A. de C.V. (1)		4,803,950		11,661,411
				20,145,048
MOROCCO - 0.5%
Maroc Telecom		349,300		3,713,555
NETHERLANDS - 5.9%
Buhrmann NV		2,026,269		29,818,323
Eurocommercial Properties NV		96,415		3,312,509
SBM Offshore NV		103,372		8,352,578
VastNed Retail NV		106,178		6,756,597
				48,240,007
NORWAY - 7.9%
Fara ASA (1)		1,986,700		638,754
Fast Search & Transfer ASA (1)		2,015,300		7,405,129
Petroleum Geo-Services ASA (1)		788,150		24,289,215
Q-Free ASA (1)		1,986,700		6,269,792
SeaDrill, Ltd. (1)		684,130		5,498,948
Smedvig ASA, B Shares		458,400		10,595,232
Stolt Offshore S.A. (1)(3)		872,900		10,152,557
				64,849,627
OMAN - 0.3%
Bank Muscat SAOG (GDR) (1)(2)		93,165		2,259,251
PANAMA - 3.2%
Banco Latinoamericano de Exportaciones, S.A., E Shares		1,436,414		26,286,376
PORTUGAL - 0.6%
CIMPOR-Cimentos de Portugal, S.G.P.S., S.A.		931,019		5,125,385
RUSSIA - 0.9%
Uralsvyazinform (ADR) (2)		1,016,900		7,382,694
SINGAPORE - 2.6%
Fraser & Neave Limited		1,928,320		21,456,061
SOUTH AFRICA - 1.2%
Massmart Holdings Limited		1,209,089		9,869,529
SOUTH KOREA - 4.0%
FINETEC Corporation (2)(3)		971,391		9,462,087
Hyundai Engineering & Construction Company Limited (1)(2)		63,400		2,808,106
Kangwon Land, Inc. (2)		809,256		16,325,920
Korea Investment Holdings Company Limited (2)		53,100		2,218,845
Shinsegae Food System Company Limited (2)		47,284		2,165,493
				32,980,451
SPAIN - 1.5%
Corporacion Dermoestetica (1)		134,300		1,418,260
Fadesa Inmobiliaria, S.A.		342,678		11,294,589
				12,712,849
SWEDEN - 4.1%
Elekta AB, B Shares		1,484,472		22,048,926
JM AB		257,900		11,426,874
				33,475,800
SWITZERLAND - 9.7%
Bank Sarasin & Cie AG, B Shares		7,184		14,761,082
Bobst Group AG		235,255		9,282,730
Logitech International S.A. (1)		130,432		6,129,277
Schindler Holding AG, Participation Certificates		33,907		13,443,588
Straumann AG		43,483		10,076,157
Sulzer AG		39,908		21,137,680
Ypsomed Holding AG		31,507		4,891,312
				79,721,826
THAILAND - 0.6%
Bangkok Bank Public Company Limited		1,777,300		4,982,072
UNITED KINGDOM - 4.3%
IMI PLC		465,500		4,028,493
Investec PLC		269,027		11,826,105
NETeller PLC (1)		572,138		7,235,076
Sibir Energy PLC (1)		2,002,354		12,677,793
				35,767,467
Total common and preferred stocks (Cost $556,095,002)				800,838,559
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 2.9%
Repurchase agreement with State Street Bank and Trust Company, 3.90%, dated 12/30/05, due 1/3/06, maturity value $24,222,492, collateralized by $24,699,063 market value Federal Home Loan Bank Note, 4.875%, due 5/15/07 (Cost $24,212,000)	$	24,212,000		24,212,000
Total investments - 100.2% (Cost $580,307,002)				825,050,559
Other assets less liabilities - (0.2%)				(1,826,635	)
Total net assets - 100.0% (4)			$	823,223,924

(1) Non-income producing security.

(2) Valued at a fair value in accordance with procedures established by the Board of Directors of Artisan Funds. In total, securities valued at a fair value were $78,637,274 or 9.6% of total net assets.

(3) Affiliated company as defined by the Investment Company Act of 1940. See Note (G) in Notes to Form NQ.

(4) Percentages for the various classifications relate to total net assets.

(ADR) American Depository Receipt

(GDR) Global Depository Receipt

PORTFOLIO DIVERSIFICATION - December 31, 2005 (Unaudited)

	Value			Percentage
Consumer Discretionary	$	123,632,964		15.0	%
Consumer Staples		38,228,344		4.6
Energy		109,160,613		13.3
Financials		196,430,944		23.9
Healthcare		42,229,863		5.1
Industrials		176,673,050		21.5
Information Technology		46,056,169		5.6
Materials		23,802,437		2.9
Telecommunication Services		24,465,699		3.0
Utilities		20,158,476		2.4
Total common and preferred stocks		800,838,559		97.3
Short-term investments		24,212,000		2.9
Total investments		825,050,559		100.2
Other assets less liabilities		(1,826,635	)	(0.2	)
Total net assets	$	823,223,924		100.0	%
CURRENCY EXPOSURE - December 31, 2005 (Unaudited)
	Value			Percentage
Brazilian real	$	18,143,454		2.2	%
British pound		35,767,467		4.3
Canadian dollar		12,607,422		1.5
Euro		195,485,075		23.7
Hong Kong dollar		89,540,972		10.8
Japanese yen		126,287,205		15.3
Mexican peso		11,661,411		1.4
Norwegian krone		64,849,627		7.9
Singapore dollar		21,456,061		2.6
South African rand		9,869,529		1.2
South Korean won		32,980,451		4.0
Swedish krona		33,475,800		4.1
Swiss franc		79,721,826		9.7
Thai baht		4,982,072		0.6
US dollar		88,222,187		10.7
Total investments	$	825,050,559		100.0	%

ARTISAN INTERNATIONAL VALUE FUND

Schedule of Investments - December 31, 2005 (Unaudited)

	Shares Held		Value
COMMON STOCKS - 91.4%
BRAZIL - 1.5%
Tim Participacoes S.A. (1)		3,841,300,000	$	10,024,211
FRANCE - 7.5%
Euronext N.V.		391,880		20,413,655
Renault S.A.		212,152		17,305,388
Vivendi Universal S.A.		395,775		12,398,044
				50,117,087
GERMANY - 8.5%
Heidelberger Druckmaschinen AG		732,389		28,023,873
Pfeiffer Vacuum Technology AG (2)		522,992		28,587,087
				56,610,960
HONG KONG - 2.3%
Guoco Group, Ltd.		1,382,600		15,290,599
ITALY - 2.7%
Cementir S.p.A.		3,091,735		17,825,684
JAPAN - 11.4%
Meitec Corporation		791,900		25,650,214
Olympus Corporation		310,000		8,148,556
Sekisui House, Ltd.		1,546,700		19,462,439
Uni-Charm Corporation		510,200		22,928,393
				76,189,602
MEXICO - 1.4%
Gruma S.A., Class B		2,624,500		8,515,895
Grupo Modelo, S.A. de C.V., Series C		248,900		901,260
				9,417,155
NETHERLANDS - 3.5%
Hunter Douglas N.V.		105,104		5,721,412
Wolters Kluwer N.V.		888,956		17,975,589
				23,697,001
SINGAPORE - 0.5%
People’s Food Holdings Limited		4,717,900		3,036,209
SOUTH KOREA - 2.1%
Lotte Chilsung Beverage Co., Ltd. (1)		6,777		6,567,124
Lotte Confectionary Co., Ltd. (1)		6,352		7,469,019
				14,036,143
SWITZERLAND - 10.2%
Clariant AG		1,381,351		20,341,039
Givaudan S.A.		37,775		25,599,207
Pargesa Holding S.A.		120,813		10,315,603
Tamedia AG		52,047		4,931,206
Zehnder Group AG		5,912		6,973,555
				68,160,610
UNITED KINGDOM - 33.3%
Admiral Group PLC		278,924		2,183,495
Benfield Group PLC		3,359,383		20,807,360
Brit Insurance Holdings PLC		8,574,149		13,129,132
Carpetright PLC		992,174		18,862,753
Countrywide PLC		4,644,210		33,539,572
Diageo PLC		2,163,716		31,363,544
GUS PLC		571,175		10,141,539
MFI Furniture Group PLC		15,658,032		21,551,730
Signet Group PLC		10,513,018		19,444,234
SurfControl PLC (3)		719,321		6,491,173
Unilever PLC (ADR)		500,225		20,069,027
Vitec Group PLC		772,901		4,986,664
Vodafone Group PLC (ADR)		923,850		19,835,060
				222,405,283
UNITED STATES - 6.5%
Amdocs Limited (3)		343,700		9,451,750
Arch Capital Group Ltd. (3)		299,310		16,387,222
Willis Group Holdings Limited		477,000		17,620,380
				43,459,352
Total common stocks (Cost $533,232,264)				610,269,896
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 7.0%
Repurchase agreement with State Street Bank and Trust Company, 3.90%, dated 12/30/05, due 1/3/06, maturity value $46,591,181, collateralized by $47,507,059 market value Federal National Mortgage Association Note, 3.125%, due 12/15/07 (Cost $46,571,000)	$	46,571,000		46,571,000
Total investments - 98.4% (Cost $579,803,264)				656,840,896
Other assets less liabilities - 1.6%				10,661,673
Total net assets - 100.0% (4)			$	667,502,569

(1) Valued at a fair value in accordance with procedures established by the Board of Directors of Artisan Funds. In total, securities valued at a fair value were $24,060,354 or 3.6% of total net assets.

(2) Affiliated company as defined by the Investment Company Act of 1940. See Note (G) in Notes to Form NQ.

(3) Non-income producing security.

(4) Percentages for the various classifications relate to total net assets.

(ADR) American Depository Receipt

PORTFOLIO DIVERSIFICATION - December 31, 2005 (Unaudited)

	Value		Percentage
Consumer Discretionary	$	152,780,998	22.9	%
Consumer Staples		100,850,471	15.1
Financials		149,687,018	22.4
Healthcare		8,148,556	1.2
Industrials		89,234,729	13.4
Information Technology		15,942,923	2.4
Materials		63,765,930	9.5
Telecommunication Services		29,859,271	4.5
Total common stocks		610,269,896	91.4
Short-term investments		46,571,000	7.0
Total investments		656,840,896	98.4
Other assets less liabilities		10,661,673	1.6
Total net assets	$	667,502,569	100.0	%

CURRENCY EXPOSURE - December 31, 2005 (Unaudited)

	Value		Percentage
Brazilian real	$	10,024,211	1.5	%
British pound		182,501,196	27.8
Euro		148,250,732	22.6
Hong Kong dollar		15,290,599	2.3
Japanese yen		76,189,602	11.6
Mexican peso		9,417,155	1.4
Singapore dollar		3,036,209	0.5
South Korean won		14,036,143	2.1
Swiss franc		68,160,610	10.4
US dollar		129,934,439	19.8
Total investments	$	656,840,896	100.0	%

ARTISAN MID CAP FUND

Schedule of Investments - December 31, 2005 (Unaudited)

	Shares Held		Value
COMMON STOCKS - 96.9%
AUTO & TRANSPORTATION - 2.0%
Air Transport - 1.5%
Expeditors International of Washington, Inc.		1,069,600	$	72,208,696
Southwest Airlines Co.		887,800		14,586,554
				86,795,250
Auto Parts: Original Equipment - 0.5%
BorgWarner Inc.		501,700		30,418,071
CONSUMER DISCRETIONARY - 17.9%
Advertising Agencies - 0.6%
Clear Channel Outdoor Holdings, Inc. (1)		1,633,500		32,751,675
Consumer Electronics - 4.1%
Electronic Arts Inc. (1)		1,586,300		82,979,353
VeriSign, Inc. (1)		2,690,100		58,966,992
Yahoo! Inc. (1)		2,581,600		101,147,088
				243,093,433
Leisure Time - 0.5%
Royal Caribbean Cruises Ltd.		721,351		32,504,076
Restaurants - 1.3%
P.F. Chang’s China Bistro, Inc. (1)		645,500		32,036,165
YUM! Brands, Inc.		920,600		43,157,728
				75,193,893
Retail - 5.0%
Chico’s FAS, Inc. (1)		1,404,168		61,685,100
Dick’s Sporting Goods, Inc. (1)		675,800		22,463,592
Kohl’s Corporation (1)		2,120,300		103,046,580
Michaels Stores, Inc.		1,200,400		42,458,148
Office Depot, Inc. (1)		1,239,500		38,920,300
The TJX Companies, Inc.		1,312,300		30,484,729
				299,058,449
Services: Commercial - 5.4%
Getty Images, Inc. (1)		813,400		72,612,218
Hewitt Associates, Inc., Class A (1)		2,275,000		63,722,750
Iron Mountain Incorporated (1)		1,885,800		79,618,476
Resources Connection, Inc. (1)		551,300		14,366,878
Robert Half International Inc.		2,484,805		94,149,262
				324,469,584
Textiles Apparel Manufacturers - 0.4%
Polo Ralph Lauren Corporation, Class A		378,900		21,271,446
Toys - 0.6%
Marvel Entertainment, Inc. (1)(2)		2,280,400		37,352,952
CONSUMER STAPLES - 2.2%
Beverage: Brewers (Wineries) - 2.2%
Constellation Brands, Inc., Class A (1)		4,912,300		128,849,629
FINANCIAL SERVICES - 12.3%
Banks: Outside New York City - 1.9%
Investors Financial Services Corp.		778,500		28,672,155
Northern Trust Corporation		1,637,400		84,850,068
				113,522,223
Diversified Financial Services - 0.5%
CB Richard Ellis Group, Inc. (1)		551,100		32,432,235
Finance: Small Loan - 0.9%
The First Marblehead Corporation		1,634,300		53,703,098
Financial Data Processing Services & Systems - 1.9%
CheckFree Corporation (1)		1,976,200		90,707,580
Paychex, Inc.		524,800		20,005,376
				110,712,956
Financial Information Services - 1.0%
Equifax Inc.		1,565,700		59,527,914
Financial Miscellaneous - 3.4%
CapitalSource Inc.		2,188,200		49,015,680
MGIC Investment Corporation		1,402,900		92,338,878
Willis Group Holdings Limited		1,589,500		58,716,130
				200,070,688
Insurance: Multi-Line - 1.3%
Aon Corporation		2,075,400		74,610,630
Rental & Leasing Services: Commercial - 0.4%
GATX Corporation		612,300		22,091,784
Savings & Loan - 0.5%
Golden West Financial Corporation		478,000		31,548,000
Securities Brokerage & Services - 0.5%
The Bear Stearns Companies Inc.		270,700		31,273,971
HEALTHCARE - 18.3%
Biotechnology Research & Production - 3.4%
Celgene Corporation (1)		200,300		12,979,440
Genzyme Corporation (1)		1,147,200		81,198,816
Invitrogen Corporation (1)		392,000		26,122,880
Millipore Corporation (1)		489,900		32,352,996
Neurocrine Biosciences, Inc. (1)		486,900		30,543,237
Protein Design Labs, Inc. (1)		531,300		15,099,546
Threshold Pharmaceuticals, Inc. (1)		108,900		1,573,605
				199,870,520
Drugs & Pharmaceuticals - 4.9%
Allergan, Inc.		954,900		103,091,004
AmerisourceBergen Corporation		1,681,000		69,593,400
Forest Laboratories, Inc. (1)		970,100		39,463,668
MedImmune, Inc. (1)		724,800		25,382,496
Sepracor Inc. (1)		276,900		14,288,040
Shire PLC (ADR) (3)		987,300		38,297,367
				290,115,975
Electronics: Medical Systems - 2.5%
Varian Medical Systems, Inc. (1)		2,920,800		147,033,072
Health Care Facilities - 0.5%
Laboratory Corporation of America Holdings (1)		576,400		31,039,140
Health Care Management Services - 1.9%
Caremark Rx, Inc. (1)		861,600		44,622,264
Cerner Corporation (1)		782,200		71,109,802
				115,732,066
Medical & Dental Instruments & Supplies - 3.5%
Fisher Scientific International Inc. (1)		1,751,900		108,372,534
Gen-Probe Incorporated (1)		803,400		39,197,886
St. Jude Medical, Inc. (1)		1,196,200		60,049,240
				207,619,660
Medical Services - 1.6%
Coventry Health Care, Inc. (1)		1,710,150		97,410,144
MATERIALS & PROCESSING - 6.6%
Chemicals - 2.5%
Air Products and Chemicals, Inc.		652,500		38,621,475
Ecolab Inc.		3,070,200		111,356,154
				149,977,629
Diversified Materials & Processing - 1.1%
American Standard Companies Inc.		1,678,800		67,068,060
Engineering & Contracting Services - 0.4%
Quanta Services, Inc. (1)		1,953,000		25,721,010
Metal Fabricating - 1.6%
Precision Castparts Corp.		1,877,600		97,278,456
Real Estate - 1.0%
The St. Joe Company		872,100		58,622,562
OTHER - 2.6%
Multi-Sector Companies - 2.6%
Brunswick Corporation		775,500		31,531,830
ITT Industries, Inc.		462,400		47,543,968
McDermott International, Inc. (1)		1,707,500		76,171,575
				155,247,373
OTHER ENERGY - 6.5%
Coal - 2.1%
CONSOL Energy Inc.		801,300		52,228,734
Peabody Energy Corporation		880,600		72,579,052
				124,807,786
Machinery: Oil Well Equipment & Services - 4.4%
Cooper Cameron Corporation (1)		1,977,000		81,847,800
Smith International, Inc.		4,912,200		182,291,742
				264,139,542
PRODUCER DURABLES - 3.8%
Diversified Production - 1.4%
Danaher Corporation		1,317,000		73,462,260
Pentair, Inc.		339,600		11,722,992
				85,185,252
Identification Control & Filter Devices - 1.4%
Agilent Technologies, Inc. (1)		1,270,600		42,298,274
Roper Industries, Inc.		962,200		38,016,522
				80,314,796
Machinery: Industrial/Specialty - 0.8%
Joy Global Inc.		1,203,013		48,120,520
Telecommunications Equipment - 0.2%
Andrew Corporation (1)		1,237,300		13,276,229
TECHNOLOGY - 22.5%
Communications Technology - 4.6%
Comverse Technology, Inc. (1)		3,378,900		89,844,951
Corning Incorporated (1)		3,063,900		60,236,274
Juniper Networks, Inc. (1)		4,371,300		97,479,990
TIBCO Software Inc. (1)		3,865,000		28,871,550
				276,432,765
Computer Services Software & Systems - 4.1%
Adobe Systems Incorporated		2,359,856		87,220,278
Autodesk, Inc.		628,200		26,981,190
Cadence Design Systems, Inc. (1)		1,681,700		28,454,364
Cognizant Technology Solutions Corporation (1)		736,600		37,087,810
F5 Networks, Inc. (1)		536,800		30,699,592
Intuit Inc. (1)		183,800		9,796,540
NAVTEQ Corporation (1)		482,800		21,180,436
				241,420,210
Computer Technology - 3.2%
Network Appliance, Inc. (1)		2,892,800		78,105,600
UNOVA, Inc. (1)		2,610,800		88,245,040
Zebra Technologies Corporation (1)		546,500		23,417,525
				189,768,165
Electronics - 1.0%
Avid Technology, Inc. (1)		784,500		42,959,220
FLIR Systems, Inc. (1)		741,100		16,548,763
				59,507,983
Electronics: Semi-Conductors/Components - 8.3%
Advanced Micro Devices, Inc. (1)		1,658,700		50,756,220
Broadcom Corporation, Class A (1)		1,481,200		69,838,580
Freescale Semiconductor, Inc., Class A (1)		1,679,300		42,301,567
Intersil Corporation		1,234,000		30,701,920
Jabil Circuit, Inc. (1)		2,479,400		91,960,946
Marvell Technology Group Ltd. (1)		927,800		52,040,302
Maxim Integrated Products, Inc.		2,292,400		83,076,576
Microchip Technology Incorporated		2,287,100		73,530,265
				494,206,376
Electronics: Technology - 1.3%
Rockwell Automation, Inc.		1,062,100		62,833,836
Trimble Navigation Limited (1)		361,000		12,811,890
				75,645,726
UTILITIES - 2.2%
Utilities: Gas Distributors - 1.1%
Kinder Morgan, Inc.		738,600		67,914,270
Utilities: Telecommunications - 1.1%
NII Holdings, Inc. (1)		1,486,700		64,939,056
Total common stocks (Cost $4,527,395,452)				5,769,666,300
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 3.4%
Repurchase agreement with State Street Bank and Trust Company, 3.90%, dated 12/30/05, due 1/3/06, maturity value $202,736,815, collateralized by $40,806,401 market value Federal Home Loan Bank Note, 3.625%, due 1/15/08, and $165,896,996 market value Federal National Mortgage Association Note, 5.75%, due 2/15/08 (Cost $202,649,000)	$	202,649,000		202,649,000
Total investments - 100.3% (Cost $4,730,044,452)				5,972,315,300
Other assets less liabilities - (0.3%)				(16,786,643	)
Total net assets - 100% (4)			$	5,955,528,657

(1) Non-income producing security.

(2) Affiliated company as defined by the Investment Company Act of 1940. See Note (G) in Notes to Form NQ.

(3) The Fund considers the issuer to be from the United Kingdom. The security trades on a U.S. exchange. Please see the Fund’s Statement of Additional Information for information on how a particular country is assigned.

(4) Percentages for the various classifications relate to total net assets.

(ADR) American Depository Receipt

ARTISAN MID CAP VALUE FUND

Schedule of Investments - December 31, 2005 (Unaudited)

	Shares Held		Value
COMMON STOCKS - 97.1%
AUTO & TRANSPORTATION - 2.7%
Auto Parts: Original Equipment - 1.0%
Lear Corporation		961,300	$	27,358,598
Truckers - 1.7%
Yellow Roadway Corporation (1)		1,055,000		47,063,550
CONSUMER DISCRETIONARY - 33.1%
Hotel/Motel - 2.3%
Fairmont Hotels & Resorts, Inc. (2)		630,100		26,722,541
Hilton Hotels Corporation		1,488,900		35,897,379
				62,619,920
Household Furnishings - 7.1%
Furniture Brands International, Inc. (3)		3,008,200		67,173,106
Leggett & Platt, Incorporated		2,766,500		63,518,840
Mohawk Industries, Inc. (1)		707,000		61,494,860
				192,186,806
Rental & Leasing Services: Consumer - 2.0%
Rent-A-Center, Inc. (1)(3)		2,891,900		54,541,234
Retail - 8.9%
AutoZone, Inc. (1)		549,200		50,389,100
BJ’s Wholesale Club, Inc. (1)		389,400		11,510,664
Claire’s Stores, Inc.		1,973,300		57,659,826
Foot Locker, Inc.		2,910,900		68,668,131
Zale Corporation (1)(3)		2,192,600		55,143,890
				243,371,611
Services: Commercial - 5.2%
Convergys Corporation (1)		2,494,400		39,536,240
Hewitt Associates, Inc., Class A (1)		1,965,600		55,056,456
Manpower Inc.		1,012,000		47,058,000
				141,650,696
Shoes - 2.1%
Reebok International Ltd.		965,000		56,191,950
Textiles Apparel Manufacturers - 2.1%
Liz Claiborne Inc.		1,597,400		57,218,868
Toys - 3.4%
Hasbro, Inc.		2,263,700		45,681,466
Marvel Entertainment, Inc. (1)(3)		2,796,300		45,803,394
				91,484,860
FINANCIAL SERVICES - 27.4%
Finance: Small Loan - 4.0%
The Student Loan Corporation		524,200		109,678,366
Financial Data Processing Services & Systems - 1.3%
Deluxe Corporation		1,224,300		36,900,402
Financial Miscellaneous - 2.3%
H&R Block, Inc.		778,700		19,117,085
MBIA Inc.		708,400		42,617,344
				61,734,429
Insurance: Multi-Line - 6.9%
Alleghany Corporation (1)		288,326		81,884,584
CNA Financial Corporation (1)		393,600		12,882,528
Old Republic International Corporation		1,846,150		48,479,899
Torchmark Corporation		803,500		44,674,600
				187,921,611
Insurance: Property-Casualty - 3.4%
Arch Capital Group Ltd. (1)		543,573		29,760,622
White Mountains Insurance Group, Ltd.		114,400		63,898,120
				93,658,742
Real Estate Investment Trusts (REIT) - 2.0%
Annaly Mortgage Management, Inc.		4,867,500		53,250,450
Rental & Leasing Services: Commercial - 2.6%
Ryder System, Inc.		1,698,500		69,672,470
Savings & Loan - 1.4%
Washington Federal, Inc.		1,679,816		38,618,970
Securities Brokerage & Services - 3.5%
Nuveen Investments, Inc., Class A		2,231,300		95,098,006
MATERIALS & PROCESSING - 6.3%
Chemicals - 3.6%
Albemarle Corporation		747,600		28,670,460
The Lubrizol Corporation		1,591,700		69,127,531
				97,797,991
Paints & Coatings - 2.7%
The Sherwin-Williams Company		1,598,600		72,608,412
OTHER ENERGY - 14.4%
Oil: Crude Producers - 14.4%
Apache Corporation		914,446		62,657,840
Cimarex Energy Co. (1)		1,244,200		53,513,042
Noble Energy, Inc.		1,523,000		61,376,900
Pioneer Natural Resources Company		2,188,704		112,214,854
Pogo Producing Company		986,400		49,132,584
XTO Energy Inc.		1,205,842		52,984,697
				391,879,917
PRODUCER DURABLES - 3.0%
Diversified Production - 1.0%
Dover Corporation		676,100		27,375,289
Office Furniture & Business Equipment - 2.0%
Lexmark International, Inc., Class A (1)		1,222,500		54,804,675
TECHNOLOGY - 9.3%
Computer Services Software & Systems - 5.3%
BEA Systems, Inc. (1)		7,085,200		66,600,880
BMC Software, Inc. (1)		1,783,500		36,543,915
Siebel Systems, Inc.		3,814,000		40,352,120
				143,496,915
Computer Technology - 1.9%
Ingram Micro Inc., Class A (1)		2,538,300		50,588,319
Electronics: Semi-Conductors/Components - 2.1%
Avnet, Inc. (1)		2,396,100		57,362,634
UTILITIES - 0.9%
Utilities: Electrical - 0.9%
Westar Energy, Inc.		1,126,000		24,209,000
Total common stocks (Cost $2,462,055,304)				2,640,344,691
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 3.1%
Repurchase agreement with State Street Bank and Trust Company, 3.90%, dated 12/30/05, due 1/3/06, maturity value $82,613,784, collateralized by $84,231,234 market value Federal National Mortgage Association Note, 3.25%, due 8/15/08 (Cost $82,578,000)	$	82,578,000		82,578,000
Total investments - 100.2% (Cost $2,544,633,304)				2,722,922,691
Other assets less liabilities - (0.2%)				(4,160,786	)
Total net assets - 100% (4)			$	2,718,761,905

(1) Non-income producing security.

(2) The Fund considers the issuer to be from Canada. The security trades on a U.S. exchange. Please see the Fund’s Statement of Additional Information for information on how a particular country is assigned.

(3) Affiliated company as defined by the Investment Company Act of 1940. See Note (G) in Notes to Form NQ.

(4) Percentages for the various classifications relate to total net assets.

ARTISAN SMALL CAP FUND

Schedule of Investments - December 31, 2005 (Unaudited)

	Shares Held		Value
COMMON STOCKS - 95.3%
AUTO & TRANSPORTATION - 4.0%
Air Transport - 1.4%
Aviall, Inc. (1)		575,200	$	16,565,760
Auto Parts: After Market - 1.1%
Keystone Automotive Industries, Inc. (1)		417,300		13,136,604
Transportation Miscellaneous - 1.5%
Pacer International, Inc.		675,400		17,600,924
CONSUMER DISCRETIONARY - 21.9%
Education Services - 3.1%
Bright Horizons Family Solutions, Inc. (1)		47,100		1,745,055
Strayer Education, Inc.		204,100		19,124,170
Universal Technical Institute, Inc. (1)		509,100		15,751,554
				36,620,779
Radio & TV Broadcasters - 0.8%
Spanish Broadcasting System, Inc., Class A (1)		1,854,500		9,476,495
Restaurants - 2.7%
California Pizza Kitchen, Inc. (1)		447,700		14,312,969
RARE Hospitality International, Inc. (1)		556,750		16,919,633
				31,232,602
Retail - 5.1%
Central Garden & Pet Company (1)		417,900		19,198,326
The Children’s Place Retail Stores, Inc. (1)		210,700		10,412,794
Coldwater Creek Inc. (1)		254,425		7,767,595
Hibbett Sporting Goods, Inc. (1)		452,550		12,888,624
Rush Enterprises, Inc., Class A (1)		602,300		8,962,224
				59,229,563
Services: Commercial - 6.9%
The Advisory Board Company (1)		298,600		14,234,262
CRA International, Inc. (1)		405,300		19,328,757
Hudson Highland Group, Inc. (1)		610,700		10,601,752
Jackson Hewitt Tax Service Inc.		629,200		17,435,132
Waste Connections, Inc. (1)		563,650		19,423,379
				81,023,282
Textiles Apparel Manufacturers - 0.9%
Maidenform Brands, Inc. (1)		803,500		10,172,310
Wholesalers - 2.4%
LKQ Corporation (1)		522,500		18,088,950
Prestige Brands Holdings, Inc. (1)		767,300		9,591,250
				27,680,200
FINANCIAL SERVICES - 15.1%
Banks: Outside New York City - 1.9%
Alabama National BanCorporation		168,100		10,886,156
Main Street Banks, Inc.		395,000		10,755,850
				21,642,006
Diversified Financial Services - 1.0%
Euronet Worldwide, Inc. (1)		437,800		12,170,840
Finance: Small Loan - 1.5%
The First Marblehead Corporation		524,300		17,228,498
Financial Data Processing Services & Systems - 1.5%
TNS, Inc. (1)		905,300		17,363,654
Insurance: Multi-Line - 4.2%
HealthExtras, Inc. (1)		513,500		12,888,850
Max Re Capital Ltd.		689,400		17,903,718
Platinum Underwriters Holdings, Ltd.		607,600		18,878,132
				49,670,700
Insurance: Property-Casualty - 1.3%
Ohio Casualty Corporation		539,800		15,287,136
Investment Management Companies - 0.9%
National Financial Partners Corp.		204,000		10,720,200
Savings & Loan - 1.9%
Bank Mutual Corporation		905,300		9,596,180
BankAtlantic Bancorp, Inc., Class A		871,300		12,198,200
				21,794,380
Securities Brokerage & Services - 0.9%
optionsXpress Holdings, Inc.		405,700		9,959,935
HEALTHCARE - 11.5%
Biotechnology Research & Production - 2.3%
Martek Biosciences Corporation (1)		497,200		12,236,092
PRA International (1)		530,700		14,939,205
				27,175,297
Drugs & Pharmaceuticals - 1.0%
Salix Pharmaceuticals, Ltd. (1)		681,600		11,982,528
Electronics: Medical Systems - 1.4%
IntraLase Corp. (1)		945,400		16,856,482
Health Care Management Services - 1.3%
Sierra Health Services, Inc. (1)		191,700		15,328,332
Medical & Dental Instruments & Supplies - 4.6%
American Medical Systems Holdings, Inc. (1)		845,100		15,068,133
PSS World Medical, Inc. (1)		1,033,300		15,334,172
Symmetry Medical Inc. (1)		699,500		13,563,305
Wright Medical Group, Inc. (1)		475,600		9,702,240
				53,667,850
Medical Services - 0.9%
VCA Antech, Inc. (1)		378,400		10,670,880
MATERIALS & PROCESSING - 4.1%
Building Materials - 1.2%
Hughes Supply, Inc.		377,800		13,544,130
Building: Heating & Plumbing - 1.4%
Interline Brands, Inc. (1)		715,600		16,279,900
Building: Roofing & Wallboard - 0.3%
Beacon Roofing Supply, Inc. (1)		115,500		3,318,315
Chemicals - 1.2%
NuCO2 Inc. (1)		513,100		14,305,228
OTHER ENERGY - 7.0%
Coal - 1.4%
James River Coal Company (1)		438,500		16,750,700
Energy Equipment - 0.3%
Global Power Equipment Group Inc. (1)		694,200		3,137,784
Machinery: Oil Well Equipment & Services - 3.0%
Hornbeck Offshore Services, Inc. (1)		524,300		17,144,610
W-H Energy Services, Inc. (1)		556,000		18,392,480
				35,537,090
Oil: Crude Producers - 2.3%
Brigham Exploration Company (1)		1,032,800		12,249,008
Unit Corporation (1)		272,300		14,984,669
				27,233,677
PRODUCER DURABLES - 8.7%
Aerospace - 0.9%
MTC Technologies, Inc. (1)		377,000		10,322,260
Homebuilding - 1.5%
WCI Communities, Inc. (1)		661,600		17,763,960
Identification Control & Filter Devices - 0.8%
ESCO Technologies Inc. (1)		221,000		9,832,290
Machinery: Industrial/Specialty - 1.8%
Actuant Corporation		229,600		12,811,680
Gardner Denver, Inc. (1)		174,500		8,602,850
				21,414,530
Machinery: Specialty - 1.1%
Applied Films Corporation (1)		621,500		12,908,555
Production Technology Equipment - 2.6%
Axcelis Technologies, Inc. (1)		3,325,500		15,862,635
Varian Semiconductor Equipment Associates, Inc. (1)		331,600		14,567,188
				30,429,823
TECHNOLOGY - 23.0%
Communications Technology - 3.2%
Avocent Corporation (1)		646,200		17,570,178
Tekelec (1)		1,472,800		20,471,920
				38,042,098
Computer Services Software & Systems - 12.5%
Anteon International Corporation (1)		229,900		12,495,065
Epicor Software Corporation (1)		1,067,200		15,079,536
F5 Networks, Inc. (1)		202,100		11,558,099
Jupitermedia Corporation (1)		819,100		12,106,298
Macrovision Corporation (1)		1,101,100		18,421,403
Open Solutions Inc. (1)		735,600		16,859,952
Openwave Systems Inc. (1)		737,300		12,880,631
Progress Software Corporation (1)		485,800		13,787,004
Radware Ltd. (1)(2)		601,500		10,923,240
Serena Software Inc. (1)		564,200		13,224,848
Witness Systems, Inc. (1)		473,800		9,319,646
				146,655,722
Computer Technology - 1.1%
Stratasys Inc. (1)(3)		527,400		13,190,274
Electronics - 2.9%
Aeroflex Incorporated (1)		1,681,000		18,070,750
Semtech Corporation (1)		885,200		16,163,752
				34,234,502
Electronics: Semi-Conductors/Components - 3.3%
DSP Group, Inc. (1)		661,000		16,564,660
SiRF Technology Holdings, Inc. (1)		272,300		8,114,540
Skyworks Solutions Inc. (1)		2,694,200		13,713,478
				38,392,678
Total common stocks (Cost $1,026,520,975)				1,117,550,753
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 4.6%
Repurchase agreement with State Street Bank and Trust Company, 3.90%, dated 12/30/05, due 1/3/06, maturity value $54,114,439, collateralized by $54,719,147 market value Federal Home Loan Bank Note, 3.625%, due 1/15/08, and $458,851 market value Federal Home Loan Bank Note, 3.875%, due 9/14/07 (Cost $54,091,000)	$	54,091,000		54,091,000
Total investments - 99.9% (Cost $1,080,611,975)				1,171,641,753
Other assets less liabilities - 0.1%				1,478,671
Total net assets - 100% (4)			$	1,173,120,424

(1) Non-income producing security.

(2) The Fund considers the issuer to be from Israel. The security trades on a U.S. exchange. Please see the Fund’s Statement of Additional Information for information on how a particular country is assigned.

(3) Affiliated company as defined by the Investment Company Act of 1940. See Note (G) in Notes to Form NQ.

(4) Percentages for the various classifications relate to total net assets.

ARTISAN SMALL CAP VALUE FUND

Schedule of Investments - December 31, 2005 (Unaudited)

	Shares Held		Value
COMMON STOCKS - 95.1%
AUTO & TRANSPORTATION - 3.5%
Auto Parts: After Market - 1.9%
Superior Industries International, Inc. (1)		1,496,700	$	33,316,542
Recreational Vehicles & Boats - 0.6%
Arctic Cat Inc.		496,800		9,965,808
Shipping - 0.2%
Kirby Corporation (2)		65,800		3,432,786
Truckers - 0.8%
Arkansas Best Corporation		326,800		14,274,624
CONSUMER DISCRETIONARY - 32.7%
Advertising Agencies - 1.8%
ADVO, Inc.		1,127,800		31,781,404
Commercial Information Services - 0.7%
ProQuest Company (2)		445,200		12,425,532
Consumer Electronics - 0.7%
EarthLink, Inc. (2)		559,300		6,213,823
United Online, Inc.		376,700		5,356,674
				11,570,497
Entertainment - 0.7%
Movie Gallery, Inc. (1)		2,083,000		11,685,630
Household Furnishings - 5.4%
Ethan Allen Interiors Inc.		989,400		36,142,782
Furniture Brands International, Inc. (1)		1,993,000		44,503,690
La-Z-Boy Incorporated		901,600		12,225,696
				92,872,168
Radio & TV Broadcasters - 0.9%
World Wrestling Entertainment, Inc., Class A		1,065,300		15,638,604
Rental & Leasing Services: Consumer - 1.2%
Rent-A-Center, Inc. (1)(2)		1,092,200		20,598,892
Restaurants - 0.4%
Ruby Tuesday, Inc.		277,100		7,174,119
Retail - 7.1%
1-800 CONTACTS, INC. (2)		639,200		7,485,032
Brown Shoe Company, Inc.		394,200		16,725,906
Global Imaging Systems, Inc. (2)		127,300		4,408,399
Linens ‘n Things, Inc. (2)		841,900		22,394,540
Payless ShoeSource, Inc. (2)		241,200		6,054,120
The Pep Boys – Manny, Moe & Jack		766,600		11,414,674
PETCO Animal Supplies, Inc. (2)		599,400		13,156,830
Zale Corporation (1)(2)		1,658,700		41,716,305
				123,355,806
Services: Commercial - 9.5%
AMN Healthcare Services, Inc. (1)(2)		1,742,700		34,470,606
CDI Corp.		422,100		11,565,540
Cross Country Healthcare, Inc. (2)		922,400		16,400,272
DiamondCluster International, Inc. (1)(2)		1,771,800		14,068,092
Korn/Ferry International (2)		716,500		13,391,385
Medical Staffing Network Holdings, Inc. (1)(2)		1,539,500		8,267,115
Tetra Tech, Inc. (2)		1,250,700		19,598,469
Watson Wyatt & Company Holdings, Class A		1,646,000		45,923,400
				163,684,879
Textiles Apparel Manufacturers - 2.6%
Kellwood Company (1)		1,907,350		45,547,518
Toys - 0.6%
Marvel Entertainment, Inc. (1)(2)		577,500		9,459,450
Wholesalers - 1.1%
United Stationers Inc. (2)		375,500		18,211,750
CONSUMER STAPLES - 0.0%(3)
Foods - 0.0% (3)
TreeHouse Foods, Inc. (2)		3,500		65,520
FINANCIAL SERVICES - 14.1%
Finance Companies - 0.4%
Assured Guaranty Ltd.		274,700		6,974,633
Financial Data Processing Services & Systems - 0.3%
Hypercom Corporation (2)		887,200		5,669,208
Financial Miscellaneous - 3.5%
Stewart Information Services Corporation (1)		1,256,800		61,168,456
Insurance: Multi-Line - 5.5%
Hilb Rogal and Hobbs Company		1,520,000		58,535,200
Hub International Limited (4)		579,100		14,940,780
PICO Holdings, Inc. (1)(2)		692,300		22,333,598
				95,809,578
Insurance: Property-Casualty - 1.0%
Arch Capital Group Ltd. (2)		124,400		6,810,900
IPC Holdings, Ltd.		392,500		10,746,650
				17,557,550
Investment Management Companies - 1.8%
Capital Southwest Corporation		156,600		14,172,300
GAMCO Investors, Inc.		378,500		16,476,105
				30,648,405
Real Estate Investment Trusts (REIT) - 1.6%
Annaly Mortgage Management, Inc.		1,043,900		11,420,266
Cousins Properties Incorporated		299,200		8,467,360
Eagle Hospitality Properties Trust, Inc. (1)		912,400		6,961,612
				26,849,238
HEALTHCARE - 2.0%
Electronics: Medical Systems - 0.7%
Analogic Corporation		251,200		12,019,920
Datascope Corp.		21,300		703,965
				12,723,885
Medical & Dental Instruments & Supplies - 0.9%
CONMED Corporation (2)		146,900		3,475,654
National Dentex Corporation (1)(2)		410,400		9,250,416
VIASYS Healthcare Inc. (2)		122,900		3,158,530
				15,884,600
Medical Services - 0.4%
America Service Group Inc. (2)		415,700		6,593,002
MATERIALS & PROCESSING - 11.0%
Agriculture Fishing & Ranching - 0.9%
Delta and Pine Land Company		707,600		16,281,876
Building Materials - 1.7%
Simpson Manufacturing Co., Inc.		800,500		29,098,175
Building: Miscellaneous - 0.3%
Griffon Corporation (2)		243,900		5,807,259
Chemicals - 2.4%
Albemarle Corporation		597,900		22,929,465
NewMarket Corporation (2)		503,900		12,325,394
Octel Corp.		390,200		6,348,554
				41,603,413
Copper - 1.1%
Mueller Industries, Inc.		681,900		18,697,698
Diversified Materials & Processing - 0.5%
Acuity Brands, Inc.		292,300		9,295,140
Engineering & Contracting Services - 0.7%
Dycom Industries, Inc. (2)		557,200		12,258,400
Metal Fabricating - 2.6%
Lone Star Technologies, Inc. (2)		364,400		18,824,904
Quanex Corporation		232,650		11,625,520
Superior Essex Inc. (2)		694,700		14,005,152
				44,455,576
Steel - 0.8%
Schnitzer Steel Industries, Inc., Class A		473,800		14,493,542
OTHER ENERGY - 14.0%
Energy Equipment - 0.4%
Global Power Equipment Group Inc. (2)		1,332,800		6,024,256
Energy Miscellaneous - 0.5%
Penn Virginia Corporation		157,500		9,040,500
Machinery: Oil Well Equipment & Services - 0.5%
Superior Energy Services, Inc. (2)		430,600		9,064,130
Oil: Crude Producers - 12.5%
Cabot Oil & Gas Corporation		384,225		17,328,548
Carrizo Oil & Gas, Inc. (2)		148,900		3,679,319
Cimarex Energy Co. (2)		1,029,700		44,287,397
Forest Oil Corporation (2)		237,858		10,839,189
Plains Exploration & Production Company (2)		1,110,293		44,111,941
Remington Oil and Gas Corporation (2)		335,900		12,260,350
St. Mary Land & Exploration Company		1,222,100		44,985,501
Stone Energy Corporation (2)		828,900		37,739,817
				215,232,062
Utilities: Gas Pipelines - 0.1%
TransMontaigne Inc. (2)		348,900		2,302,740
PRODUCER DURABLES - 3.9%
Electrical Equipment & Components - 1.7%
General Cable Corporation (2)		1,060,100		20,883,970
The Genlyte Group Incorporated (2)		150,600		8,067,642
				28,951,612
Production Technology Equipment - 0.8%
LTX Corporation (2)		2,215,600		9,970,200
Orbotech Ltd. (2)(4)		51,900		1,244,043
Ultratech Inc. (2)		176,400		2,896,488
				14,110,731
Telecommunications Equipment - 1.4%
Belden CDT Inc.		1,000,500		24,442,215
TECHNOLOGY - 11.9%
Communications Technology - 1.9%
Black Box Corporation		267,400		12,669,412
CSG Systems International, Inc. (2)		504,700		11,264,904
TIBCO Software Inc. (2)		1,146,000		8,560,620
				32,494,936
Computer Services Software & Systems - 7.7%
Altiris, Inc. (2)		1,283,600		21,680,004
Borland Software Corporation (2)		1,409,200		9,202,076
CIBER, Inc. (2)		1,379,800		9,106,680
Gartner, Inc. (2)		1,292,500		16,673,250
Keane, Inc. (2)		1,365,900		15,038,559
Lawson Software, Inc. (2)		3,366,800		24,745,980
Manhattan Associates, Inc. (2)		800,300		16,390,144
Open Text Corporation (2)(4)		579,100		8,171,101
webMethods, Inc. (2)		1,556,600		12,001,386
				133,009,180
Computer Technology - 1.3%
Advanced Digital Information Corporation (2)		1,921,200		18,808,548
Imation Corp.		71,000		3,270,970
				22,079,518
Electronics: Semi-Conductors/Components - 0.5%
Actel Corporation (2)		644,400		8,203,212
Scientific Equipment & Suppliers - 0.5%
Newport Corporation (2)		573,400		7,763,836
UTILITIES - 2.0%
Utilities: Electrical - 0.8%
El Paso Electric Company (2)		650,500		13,686,520
Utilities: Gas Distributors - 0.5%
SEMCO Energy, Inc. (2)		1,402,340		7,881,151
Utilities: Telecommunications - 0.7%
IDT Corporation, Class B (2)		547,800		6,409,260
IDT Corporation, Class C (2)		529,400		6,119,864
				12,529,124
Total common stocks (Cost $1,366,726,790)				1,643,746,886
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 5.0%
Repurchase agreement with State Street Bank and Trust Company, 3.90%, dated 12/30/05, due 1/3/06, maturity value $86,756,578, collateralized by $88,453,642 market value Federal Home Loan Mortgage Corporation Note, 2.875%, due 5/15/07 (Cost $86,719,000)	$	86,719,000		86,719,000
Total investments - 100.1% (Cost $1,453,445,790)				1,730,465,886
Other assets less liabilities - (0.1%)				(1,635,747	)
Total net assets - 100% (5)			$	1,728,830,139

(1) Affiliated company as defined by the Investment Company Act of 1940. See Note (G) in Notes to Form NQ.

(2) Non-income producing security.

(3) Represents less than 0.1% of total net assets.

(4) The Fund considers the issuer to be from outside of the United States. The security trades on a U.S. exchange. Please see the Fund’s Statement of Additional Information for information on how a particular country is assigned.

Security	Issuer Country
Hub International Limited	Canada
Open Text Corporation	Canada
Orbotech Ltd.	Israel

(5) Percentages for the various classifications relate to total net assets.

ARTISAN FUNDS, INC.

Notes to Form NQ – December 31, 2005 (Unaudited)

(A) Organization:

As of December 31, 2005, Artisan Funds, Inc. (“Artisan Funds”) is a series comprised of seven open-end, diversified mutual funds (each a “Fund” and collectively the “Funds”):

Fund Name

Artisan International Fund (“International Fund” or “International”)

Artisan International Small Cap Fund (“International Small Cap Fund” or “International Small Cap”)

Artisan International Value Fund (“International Value Fund” or “International Value”)

Artisan Mid Cap Fund (“Mid Cap Fund” or “Mid Cap”)

Artisan Mid Cap Value Fund (“Mid Cap Value Fund” or “Mid Cap Value”)

Artisan Small Cap Fund (“Small Cap Fund” or “Small Cap”)

Artisan Small Cap Value Fund (“Small Cap Value Fund” or “Small Cap Value”)

(B) Security valuation:

The net asset value (“NAV”) of the shares of each class of each Fund was determined as of the close of regular session trading on the New York Stock Exchange (“NYSE”) (usually 4:00 p.m., Eastern Time, but sometimes earlier) each day the NYSE was open for regular session trading. The NAV of each class of shares was determined by dividing the value of each Fund’s securities and other assets attributed to that class, less its liabilities attributed to that class, by the number of outstanding shares of that class of that Fund.

In determining NAV, each equity security traded on a securities exchange, including the Nasdaq Stock Market, was valued at the closing price as of the time of valuation on the exchange or market on which the security was principally traded (the “principal exchange”). The closing price provided by each exchange may differ and may represent information such as last sales price, an official closing price, a closing auction price or other information, depending on exchange or market convention. Absent closing price information for a security from the principal exchange as of the time of valuation, the security was valued using the most recent bid quotation on the principal exchange, except that securities listed on the London Stock Exchange were valued at the mean of the most recent bid and asked quotations as of the time of valuation. Short-term investments maturing within sixty days of the valuation date were valued at amortized cost, which approximates market.

Securities for which prices were not readily available were valued by Artisan Funds’ valuation committee (the “valuation committee”) at a fair value determined in good faith under procedures established by and under the general supervision of Artisan Funds’ Board of Directors (the “Board of Directors”). A price was considered to be not readily available if, among other things, the valuation committee believed that the price determined as described in the preceding paragraph did not reflect a fair value of the security.

International Fund, International Small Cap Fund and International Value Fund generally invest a significant portion, and perhaps as much as substantially all, of their total assets in securities principally traded in markets outside the U.S. Each of the other Funds has the ability to invest in securities principally traded outside the U.S., but did not do so during the three months ended December 31, 2005. The foreign markets in which the Funds may invest are sometimes open on days when the NYSE is not open and the Funds do not calculate their NAVs, and sometimes are not open on days when the Funds do calculate their NAVs. Even on days on which both the foreign market and the NYSE are open, several hours may have passed between the time when trading in the foreign market closed and the time as of which the Funds calculate their NAVs. That is generally the case for markets in Europe, Asia, Australia and other far eastern markets; the regular closing time of foreign markets in North and South America is generally the same as the closing time of the NYSE and the time as of which the Funds calculate their NAVs.

The valuation committee concluded that a price determined under the Funds’ valuation procedures was not readily available if, among other things, the valuation committee believed that the value of the security might have been materially affected by events occurring after the close of the market in which the security was principally traded but before the time for determination of NAV (“subsequent event”). A subsequent event might include a company-specific development (for example, announcement of a merger that is made after the close of the foreign market), a development that might affect an entire market or region (for example, imposition of foreign exchange controls by a foreign government) or a potentially global development (such as a terrorist attack that may be expected to have an impact on investor expectations worldwide) or a significant change in one or more United States securities indexes. Artisan Funds monitored for subsequent events using several tools, including the use of a third party research service to assist in determining estimates of fair values for foreign securities. That service utilized statistical data based on historical performance of securities, markets and other data in developing factors used to estimate a fair value. An indication by any of those tools of a potential material change in the value of securities results in either a meeting of the valuation committee, which considers whether a subsequent event has occurred and whether local market closing prices continue to represent fair values for potentially affected non-U.S. securities, and/or a valuation based on information provided by the third party research service.

Estimates of fair values utilized by the Funds as described above may differ from the value realized on the sale of those securities and the differences may be material to the NAV of the applicable Fund or to the information presented.

(C) Repurchase agreements:

Each Fund may enter into repurchase agreements with institutions that Artisan Partners Limited Partnership (“the Adviser”) has determined are creditworthy pursuant to criteria adopted by the Board of Directors. Repurchase agreements are recorded at cost plus accrued interest and are collateralized in an amount greater than or equal to the repurchase price plus accrued interest. Collateral is held by the Funds’ custodian and in the event of default on the obligation of the counterparty to repurchase, the Funds have the right to liquidate the collateral and apply the proceeds in satisfaction of the obligation. If the proceeds from any sale of such collateral were less than the repurchase price, the Fund would suffer a loss.

(D) Foreign currency translation:

Values of investments, open foreign currency forward contracts, payables for capital gains taxes and cash denominated in foreign currencies were translated into U.S. dollars using a spot market rate of exchange as of the time of determination of each Fund’s NAV on the day of valuation. Payables and receivables for securities transactions, dividend and reclaim receivables and other receivables and payables denominated in a foreign currency were translated into U.S. dollars using a spot market rate of exchange as of 12:00 p.m. (Eastern Time) on the day of valuation. Purchases and sales of investments and dividend and interest income are translated into U.S. dollars using a spot market rate of exchange as of 12:00 p.m. (Eastern Time) on the date of such transactions.

(E) Investment transactions:

Securities transactions are recorded on trade date. The cost of securities purchased and the proceeds from the sale of securities (excluding short-term securities) for the three months ended December 31, 2005 were as follows:

Fund	Security Purchases		Security Sales
International	$	1,370,745,275	$	1,577,906,724
International Small Cap		121,994,316		108,242,700
International Value		116,438,075		89,410,667
Mid Cap		1,256,023,186		1,460,329,506
Mid Cap Value		272,873,270		203,443,956
Small Cap		317,690,576		264,624,551
Small Cap Value		194,834,233		174,955,713

(F) Information for Federal income tax purposes:

Fund	Cost of Investments		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation on Investments
International	$	9,144,693,611	$	3,093,865,988	$	(152,111,858	)	$	2,941,754,130
International Small Cap		585,160,815		248,834,043		(8,944,299	)		239,889,744
International Value		588,863,782		83,835,407		(15,858,293	)		67,977,114
Mid Cap		4,744,371,856		1,269,055,796		(41,112,352	)		1,227,943,444
Mid Cap Value		2,544,294,130		261,595,010		(82,966,449	)		178,628,561
Small Cap		1,086,124,673		133,650,399		(48,133,319	)		85,517,080
Small Cap Value		1,455,212,345		350,339,463		(75,085,922	)		275,253,541

The difference between cost of investments for financial reporting and cost of investments for Federal income tax is due primarily to timing differences in recognizing certain gains and losses on security transactions, including wash sale loss deferrals and passive foreign investment company transactions.

(G) Transactions in securities of affiliates:

The table below shows information about securities of the Funds’ “affiliates” (as defined below) that were held by the Funds, purchased or sold by the Funds, or from which dividends were received by the Funds during the three months ended December 31, 2005. The Funds identify a company as an affiliate for the purpose of this report if one or more of the Funds owned, in the aggregate, voting securities that it believed represented 5% or more of that company’s outstanding voting securities (as defined by the Investment Company Act of 1940) during the three months ended December 31, 2005.

Fund	Security	As of 9/30/05	Purchase Cost		Sales Cost		Net Realized Gain (Loss)			Dividend Income (1)		As of 12/31/05
		Share Balance										Share Balance	Value
International
	Credit Saison Co., Ltd. (2)	8,952,300	$	6,592,410	$	11,770,011	$	1,588,837		$	—	8,807,200	$	439,855,921
	Stolt Offshore S.A. (3)(4)	7,851,500		20,763,931		—		—			—	9,819,700		114,211,318
International Small Cap
	FINETEC Corporation	971,391	$	—	$	—	$	—		$	—	971,391	$	9,462,087
	Stolt Offshore S.A. (3)(4)	872,900		—		—		—			—	872,900		10,152,557
International Value
	Pfeiffer Vacuum Technology AG	467,396	$	2,875,813	$	—	$	—		$	—	522,992	$	28,587,087
Mid Cap
	Marvel Entertainment, Inc. (3)(4)	1,769,000	$	8,989,830	$	253,099	$	13,461		$	—	2,280,400	$	37,352,952
Mid Cap Value
	Furniture Brands International, Inc.	3,386,900	$	—	$	9,561,043	$	(2,956,503	)	$	451,230	3,008,200	$	67,173,106
	Marvel Entertainment, Inc. (3)(4)	2,176,600		9,802,989		—		—			—	2,796,300		45,803,394
	Rent-A-Center, Inc. (3)(4)	2,776,400		2,030,276		—		—			—	2,891,900		54,541,234
	Zale Corporation (4)	1,888,800		7,913,783		—		—			—	2,192,600		55,143,890
Small Cap
	Global Power Equipment Group Inc. (2)(4)	1,224,700	$	250,468	$	5,280,284	$	(2,744,692	)	$	—	694,200	$	3,137,784
	Stratasys Inc. (3)(4)	415,500		2,752,589		—		—			—	527,400		13,190,274
Small Cap Value
	AMN Healthcare Services, Inc. (4)	1,579,100	$	2,568,270	$	—	$	—		$	—	1,742,700	$	34,470,606
	DiamondCluster International, Inc. (3)(4)	1,548,000		1,571,115		—		—			—	1,771,800		14,068,092
	Eagle Hospitality Properties Trust, Inc. (3)	689,200		1,765,524		—		—			159,670	912,400		6,961,612
	Furniture Brands International, Inc.	1,942,800		1,088,537		—		—			291,420	1,993,000		44,503,690
	Global Power Equipment Group Inc. (2)(4)	1,332,000		3,706		—		—			—	1,332,800		6,024,256
	Kellwood Company	1,786,450		2,946,039		—		—			294,472	1,907,350		45,547,518
	Marvel Entertainment, Inc. (3)(4)	—		8,163,626		—		—			—	577,500		9,459,450
	Medical Staffing Network Holdings, Inc. (3)(4)	1,510,300		151,138		—		—			—	1,539,500		8,267,115
	Movie Gallery, Inc.	2,081,900		6,593		—		—			—	2,083,000		11,685,630
	National Dentex Corporation (4)	359,400		1,170,718		—		—			—	410,400		9,250,416
	PICO Holdings, Inc. (4)	688,000		297,559		88,880		77,727			—	692,300		22,333,598
	Rent-A-Center, Inc. (3)(4)	841,700		4,928,810		—		—			—	1,092,200		20,598,892
	Stewart Information Services Corporation	1,222,900		1,587,321		—		—			941,475	1,256,800		61,168,456
	Superior Industries International, Inc.	1,463,900		710,304		—		—			234,224	1,496,700		33,316,542
	Zale Corporation (4)	1,573,000		2,395,286		—		—			—	1,658,700		41,716,305

(1) Net of foreign taxes withheld, if any.

(2) Issuer was no longer an affiliate as of December 31, 2005.

(3) Issuer was not an affiliate as of September 30, 2005.

(4) Non-income producing security.

Item 2. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers have concluded, based on an evaluation of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, the “Disclosure Controls”) as of a date within 90 days prior to the filing date (the “Filing Date”) of this Form N-Q (the “Report”), the Disclosure Controls are effectively designed to ensure that information required to be disclosed by the registrant in the Report is recorded, processed, summarized and reported by the Filing Date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the registrant’s management, including the registrant’s principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2), attached hereto as Exhibits (a)(1) and (a)(2)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Artisan Funds, Inc.
By:	/s/ Andrew A. Ziegler
	Andrew A. Ziegler
	Principal Executive Officer
Date:	February 22, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Andrew A. Ziegler
	Andrew A. Ziegler
	Principal Executive Officer
Date:	February 22, 2006
By:	/s/ Lawrence A. Totsky
	Lawrence A. Totsky
	Principal Financial Officer
Date:	February 22, 2006