SEC NEWS DIGEST Issue 2004-182 September 21, 2004 ENFORCEMENT PROCEEDINGS SEC BRINGS CHARGES AGAINST TD WATERHOUSE AND THREE INVESTMENT ADVISERS FOR UNDISCLOSED CASH PAYMENTS The Securities and Exchange Commission today filed settled civil charges against TD Waterhouse Investor Services, Inc., a national brokerage firm, for making undisclosed cash payments to three investment advisers to encourage them to use TD Waterhouse for their clients' brokerage business. In settling the matter, TD Waterhouse, without admitting or denying the Commission’s findings, agreed to pay a $2 million penalty, among other remedies. The Commission also announced related fraud actions against the three investment advisers and their principals for their failures to disclose the cash payments. The Commission’s Order finds that TD Waterhouse knew its payments created potential conflicts of interest between the advisers and their clients. Each adviser that received compensation from TD Waterhouse compromised its ability to evaluate independently whether to recommend that its clients use TD Waterhouse to handle the clients’ brokerage business. TD Waterhouse, which recognized that the advisers were required by law to disclose these conflicts to their clients, adopted written procedures that required TD Waterhouse personnel to ensure that the advisers made the proper disclosures, yet the firm failed to follow these procedures. TD Waterhouse made the payments to the advisers from its profits on the advisory clients’ brokerage business. The payments, however, did not directly benefit the advisers’ clients. Instead, the advisers used the money for their own purposes. The three registered independent investment advisers who received the payments are: Kiely Financial Services, Inc. (based in Greenville, North Carolina), Rudney Associates, Inc. (of San Ramon, California), and Brandt, Kelly & Simmons, LLC (of Southfield, Michigan). New York-based TD Waterhouse has agreed to cease and desist from committing or causing violations of Section 206(2) of the Investment Advisers Act, an anti-fraud provision, and Section 207 of the Advisers Act, a disclosure provision. It will also pay a $2 million civil penalty and receive a Commission censure. Two of the investment advisers named in the Commission’s actions have also agreed to settle the charges without admitting or denying the findings. Kiely Financial and its principal, Joseph K. Kiely, have agreed to disgorge the money they received from TD Waterhouse, plus interest—an amount totaling $54,256. They also agreed to pay a $100,000 civil penalty and to cease and desist from committing or causing violations of Sections 206(1), 206(2), and 207 of the Investment Advisers Act. Rudney Associates and its principal, Eric A. Rudney, have agreed to disgorge the money they received from TD Waterhouse, plus interest—an amount totaling $22,331. They also agreed to pay a $40,000 penalty and to cease and desist from committing or causing violations of Sections 206(1), 206(2), and 207 of the Investment Advisers Act. Finally, the Commission instituted litigated administrative and cease- and-desist proceedings against Brandt, Kelly & Simmons and its principal, Kenneth G. Brandt. The Order Instituting Proceedings alleges that the firm agreed to distribute a $7,500 cash payment from TD Waterhouse to its advisory clients to compensate them for fees they incurred when moving their accounts from another broker to TD Waterhouse. The Order alleges that the respondents did not inform their clients of the payment, but rather fraudulently misappropriated the money for their own uses. The Order alleges, among other things, that Brandt, Kelly & Simmons and Kenneth Brandt violated Sections 206(1) and 206(2) of the Advisers Act, and that Brandt, Kelly & Simmons also violated Section 207 of the Advisers Act. (In the Matter of TD Waterhouse Investor Services, Inc.; Rels. 34-50415; IA-2299; File No. 3- 11669; In the Matter of Rudney Associates, Inc., and Eric A, Rudney; Rel. IA-2300; File No. 3-11670; In the Matter of Kiely Financial Services, Inc., and Joseph K. Kiely; Rel. IA- 2301; File No. 3-11671; In the Matter of Brandt, Kelly & Simmons, LLC and Kenneth G. Brandt; Rel. IA-2302; File No. 3-11672) IN THE MATTER OF HARRISON SECURITIES, INC. An Administrative Law Judge has issued an Initial Decision in Harrison Securities, Inc., Admin. Proc. No. 3-11084. The Initial Decision finds that Harrison Securities, Inc. (Harrison), willfully violated Securities Exchange Act of 1934 (Exchange Act) Section 15(c)(3) and Rule 15c3-1(a) by operating without sufficient net capital and willfully violated Exchange Act Section 17(a)(1) and Rules 17a-3(a), 17a-4(a) and (f), and 17a-5(a) by filing inaccurate FOCUS reports and by failing to create and preserve current, accurate books and records. The Initial Decision also finds that Harrison willfully violated Exchange Act Section 17(a)(1) and Rule 17a-11(b) and (d) by failing to file timely notices of its net capital deficiencies and of its failure to keep current, accurate books and records. Additionally, the Initial Decision finds that Frederick C. Blumer (Blumer), Harrison’s chief executive officer, willfully aided and abetted and caused all of Harrison’s violations, and that Nebrissa Song (Song), Harrison’s financial and operations principal (FINOP), caused Harrison’s violations of Exchange Act Sections 15(c)(3) and 17(a)(1) and Rules 15c3-1(a), 17a-3(a), 17a-5(a), 17a-11(b) and (d) during the term of her employment as FINOP. The Initial Decision orders Harrison, Blumer, and Song to cease and desist from committing or causing their securities violations. It also bars Blumer from association with any broker or dealer, orders Harrison and Blumer to pay civil penalties of $400,000 and $120,000, respectively, and bars Blumer from appearing and practicing before the Securities and Exchange Commission as an accountant. (Initial Decision No. 256; File No. 3-11084) INVESTMENT COMPANY ACT RELEASES ALLIANZ DRESDNER ASSET MANAGEMENT OF AMERICA L.P., ET AL. The Commission has issued a temporary order to Allianz Dresdner Asset Management of America L.P. (ADAM) et al. under Section 9(c) of the Investment Company Act with respect to an order issued by the Superior Court of New Jersey, Chancery Division – General Equity of Essex County on June 1, 2004. The temporary order exempts applicants and companies of which ADAM, PA Distributors LLC, or PEA Capital LLC is or becomes an affiliated person from the provisions of Section 9(a) of the Act, until the earlier of Sept. 13, 2006, or until the Commission takes final action on the application for a permanent order. The Commission has also issued a notice giving interested persons until Oct. 12, 2004, to request a hearing on the application filed by applicants for a permanent order under Section 9(c) of the Act. (Rel. IC-26601 – September 17) ASA LIMITED, ET AL. An order has been issued on an application filed by ASA Limited (ASA) and ASA (Bermuda) Limited (ASAB) under section 7(d) of the Investment Company Act of 1940. The order permits ASA to change its country of incorporation from South Africa to Bermuda by reorganizing into ASAB and permits ASAB to register under the Act. The order also permits ASA and ASAB to make certain changes to the custodian agreement and the conditions governing their custodial arrangements. (Rel. IC-26602 - September 20) HOLDING COMPANY ACT RELEASE NISOURCE INC., ET AL. An order has been issued authorizing NiSource Inc. (NiSource), a registered public-utility holding company under the Act, and its direct and indirect public-utility and nonutility subsidiaries, to add two more nonutility subsidiaries as borrowers from the NiSource money pool and reserving jurisdiction over the addition of other nonutility subsidiaries as borrowers from the money pool in the future. (Rel. 35- 27890) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES A proposed rule change filed with the Commission by the Pacific Exchange relating to the PCX Schedule of Fees and Charges has become effective under Section 19(b)(3)(A)(ii) of the Securities Exchange Act of 1934 (SR- PCX-2004-81). Publication of the proposal is expected in the Federal Register during the week of September 20. (Rel. 34-50390) A proposed rule change filed by the Pacific Exchange (SR-PCX-2004-60) and Amendment No. 1 thereto to amend its current listing requirements to specifically provide for the listing of units comprised of common stock and a debt security, sometimes referred to as income deposit securities (IDS) has become immediately effective under Section 19(b)(3) of the Securities Exchange Act of 1934. Publication of the proposal is expected in the Federal Register during the week of September 20. (Rel. 34-50410) A proposed rule change (SR-NYSE-2004-46) filed by the New York Stock Exchange relating to the specialist’s ability to establish a proprietary quote interface to the display book has become immediately effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication of the proposal is expected in the Federal Register during the week of September 20. (Rel. 34-50412) APPROVAL OF PROPOSED RULE CHANGES The Commission approved a proposed rule change filed by the Fixed Income Clearing Corporation (SR-FICC-2003-14) that will eliminate and amend FICC’s Government Securities Division and Mortgage-Backed Securities Division rules that are inconsistent with current practice. Publication is expected in the Federal Register during the week of September 20. (Rel. 34-50392) The Commission approved a proposed rule change (SR-Phlx-2004-39) and Amendment No. 1 thereto, filed by the Philadelphia Stock Exchange to retroactively apply certain permit holder fees and billings policies. Publication is expected in the Federal Register during the week of September 20. (Rel. 34-50401) ACCELERATED APPROVAL OF PROPOSED RULE CHANGE The Commission noticed and granted accelerated approval to a proposed rule change filed by the National Association of Securities Dealers, Inc. (SR-NASD-2004-137) under Rule 19b-4 of the Securities Exchange Act of 1934 to amend to the rules relating to OATS to require that ECNs capture routed order identifier information. Publication of the notice in the Federal Register is expected during the week of September 20. (Rel. 34-50409) WITHDRAWAL An order has been issued granting the application of Chromcraft Revington, Inc. to withdraw its common stock, $.01 par value, from listing and registration on the New York Stock Exchange, Inc., effective at the opening of business on September 22, 2004. (Rel. 34-50418) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-8 WINTON FINANCIAL CORP, 5511 CHEVIOT ROAD, CINCINNATI, OH, 45247, 5133853880 - 446,955 ($9,341,359.50) Equity, (File 333-119114 - Sep. 20) (BR. 07) S-8 BIO LOGIC SYSTEMS CORP, ONE BIO LOGIC PLZ, MUNDELEIN, IL, 60060, 7089495200 - 0 ($4,736,000.00) Equity, (File 333-119115 - Sep. 20) (BR. 36) S-4 U S RESTAURANT PROPERTIES INC, 9723871487 - 0 ($349,541,630.00) Equity, 0 ($120,780,696.00) Other, (File 333-119116 - Sep. 20) (BR. 08) F-2 ROBOGROUP TEK LTD, RECHOV HAMELACHA 13, AFEQ INDUSTRIAL ESTATE, ROSH HAAYIN 48091, L3, 972-3-9004111 - 5,957,082 ($5,361,374.00) Other, (File 333-119117 - Sep. 20) (BR. 36) S-8 ARS NETWORKS INC, 100 WALNUT STREET, CHAMPLAIN, NY, 12919, 5182982042 - 520,000,000 ($52,000.00) Equity, (File 333-119119 - Sep. 20) (BR. 05) S-3 UNION LIGHT HEAT & POWER CO, 139 E FOURTH ST, C/O TREASURER DEPT, PO BOX 960, CINCINNATI, OH, 45201, 5133812000 - 0 ($45,000,000.00) Other, (File 333-119120 - Sep. 20) (BR. 02) S-8 SILVER SCREEN STUDIOS INC, 30,000,000 ($300,000.00) Equity, (File 333-119122 - Sep. 20) (BR. 08) S-8 E COM VENTURES INC, 251 INTERNATIONAL PARKWAY, SUNRISE, FL, 33325, 3058891600 - 723,408 ($7,089,398.00) Equity, (File 333-119123 - Sep. 20) (BR. 01) S-8 CALIFORNIA CLEAN AIR INC, 3790 VIA DE LA VALLE, SUITE 103, DEL MAR, CA, 92014, 7604946497 - 2,000,000 ($2,000,000.00) Equity, (File 333-119124 - Sep. 20) (BR. 05) S-8 AMERICAN SUPERCONDUCTOR CORP /DE/, TWO TECHNOLOGY DR, WESTBOROUGH, MA, 01581, 5088364200 - 2,500,000 ($32,175,000.00) Equity, (File 333-119125 - Sep. 20) (BR. 36) S-8 AMERICAN SUPERCONDUCTOR CORP /DE/, TWO TECHNOLOGY DR, WESTBOROUGH, MA, 01581, 5088364200 - 150,000 ($1,930,500.00) Equity, (File 333-119126 - Sep. 20) (BR. 36) S-4 Allied Security Holdings LLC, 3606 HORIZON DRIVE, KING OF PRUSSIA, PA, 19406, 610-239-1100 - 0 ($180,000,000.00) Debt Convertible into Equity, (File 333-119127 - Sep. 20) (BR. ) SB-2 SFSB, Inc., 1614 CHURCHVILLE ROAD, BEL AIR, MD, 21015, 443-265-5570 - 1,339,031 ($13,390,310.00) Equity, (File 333-119128 - Sep. 20) (BR. ) S-1 PRUDENTIAL BANCORP INC OF PENNSYLVANIA, 1834 OREGON AVENUE, PHILADELPHIA, PA, 19145, (215) 755-1500 - 0 ($49,097,813.00) Equity, (File 333-119130 - Sep. 20) (BR. ) S-3 RUSH ENTERPRISES INC \TX\, 555 IH 35 SOUTH, NEW BRAUNFELS, TX, 78130, 8306265200 - 0 ($94,380,500.00) Equity, (File 333-119131 - Sep. 20) (BR. 02) S-4 GATX FINANCIAL CORP, 500 W MONROE ST, CHICAGO, IL, 60661-3676, 4159553200 - 0 ($165,265,000.00) Non-Convertible Debt, (File 333-119133 - Sep. 20) (BR. 07) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: 1.01 Entry into a Material Definitive Agreement 1.02 Termination of a Material Definitive Agreement 1.03 Bankruptcy or Receivership 2.01 Completion of Acquisition or Disposition of Assets 2.02 Results of Operations and Financial Condition 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off- Balance Sheet Arrangement of a Registrant 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation under an Off- Balance Sheet Arrangement 2.05 Cost Associated with Exit or Disposal Activities 2.06 Material Impairments 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing 3.02 Unregistered Sales of Equity Securities 3.03 Material Modifications to Rights of Security Holders 4.01 Changes in Registrant’s Certifying Accountant 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review 5.01 Changes in Control of Registrant 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans 5.05 Amendments to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics 7.01 Regulation FD Disclosure 8.01 Other Events 9.01 Financial Statements and Exhibits 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE DATE COMMENT ------------------------------------------------------------------------------------------------ 110 MEDIA GROUP, INC. DE 5.02,8.01,9.01 09/12/04 AMEND 1ST INDEPENDENCE FINANCIAL GROUP, INC DE 2.01,9.01 07/09/04 AMEND 21ST CENTURY HOLDING CO FL 2.02,9.01 09/17/04 3CI COMPLETE COMPLIANCE CORP DE 5.02 08/31/04 ACCREDO HEALTH INC DE 9.01 07/21/04 AMEND ACE SECURITIES CORP DE 8.01,9.01 09/20/04 ACTIVCARD CORP DE 5.02 09/14/04 ACTUATE CORP DE 8.01 09/20/04 ADOBE SYSTEMS INC DE 2.02,9.01 09/20/04 ADVANTA BUSINESS RECEIVABLES CORP 9.01 09/20/04 AEGIS COMMUNICATIONS GROUP INC DE 5.02 09/14/04 AGU Entertainment Corp. CO 1.01,2.03,3.02,9.01 09/14/04 AMERICAN HOME MORTGAGE INVESTMENT COR MD 7.01,9.01 09/13/04 AMERICAN SKIING CO /ME DE 7.01 09/17/04 AMERIQUEST MORTGAGE SECURITIES INC DE 8.01,9.01 09/20/04 AMERIQUEST MORTGAGE SECURITIES INC AS DE 8.01,9.01 08/13/04 AMERIQUEST MORTGAGE SECURITIES INC AS DE 2.01,9.01 08/13/04 AMIS HOLDINGS INC 8.01,9.01 09/17/04 AMR CORP DE 7.01 09/20/04 AMYLIN PHARMACEUTICALS INC DE 8.01,9.01 09/20/04 ANADIGICS INC DE 8.01,9.01 09/20/04 ANZA CAPITAL INC NV 1.01,2.01,3.02,5.02,5.03 09/17/04 APPLIED INDUSTRIAL TECHNOLOGIES INC OH 7.01,9.01 09/20/04 ARGENT SECURITIES INC ASSET-BACKED PA 9.01 09/09/04 ASIA PAYMENT SYSTEMS NV 7.01,9.01 09/20/04 ATLAS AIR INC DE 7.01 09/20/04 ATLAS AIR WORLDWIDE HOLDINGS INC DE 7.01 09/20/04 AUDIBLE INC 1.01,9.01 09/20/04 AURA SYSTEMS INC DE 1.01,3.02,5.02,5.03,8.01 08/14/04 AUTO UNDERWRITERS OF AMERICA, INC. CA 3.02 09/15/04 AVATAR HOLDINGS INC DE 7.01 09/20/04 BAIRNCO CORP /DE/ DE 8.01 09/20/04 BALDWIN TECHNOLOGY CO INC DE 1.01,8.01,9.01 09/15/04 BANC OF AMERICA COMMERCIAL MORT PASS DE 8.01,9.01 09/10/04 BANC OF AMERICA FUNDING CORP DE 8.01,9.01 09/16/04 BANC ONE HELOC 1999-1 OH 8.01,9.01 09/20/04 BANC ONE HELOC TRUST 1998-1 OH 8.01,9.01 09/20/04 BANCORPSOUTH INC MS 1.01,7.01,9.01 09/17/04 BANCORPSOUTH INC MS 1.01,7.01,9.01 09/17/04 BANK ONE AUTO SECURITIZATION TRUST 20 DE 8.01,9.01 09/20/04 BEARINGPOINT INC DE 1.01,9.01 09/13/04 AMEND BEBE STORES INC CA 1.01,2.03,9.01 09/15/04 BERKSHIRE HILLS BANCORP INC 7.01,9.01 09/17/04 C-CHIP TECHNOLOGIES CORP NV 7.01,9.01 09/16/04 C-CHIP TECHNOLOGIES CORP NV 7.01,9.01 09/17/04 CAMDEN MINES LTD 1.01,8.01,9.01 09/14/04 CAMPBELL SOUP CO NJ 8.01 09/20/04 CANO PETROLEUM, INC 1.01,2.01,9.01 09/14/04 CAPITAL GROWTH SYSTEMS INC /FL/ FL 1.01,2.01,3.02,9.01 09/14/04 CARDINAL FINANCIAL CORP VA 2.01,9.01 07/07/04 AMEND CARMAX INC VA 2.02,9.01 09/20/04 CENTEX CORP NV 2.03 09/14/04 CENTRAL BANCORP INC /MA/ MA 2.03,5.02,8.01 09/16/04 CHIPPAC INC CA 8.01 09/20/04 CHUBB CORP NJ 7.01,9.01 09/20/04 CITGO PETROLEUM CORP DE 5.02 09/14/04 CLEAN DIESEL TECHNOLOGIES INC DE 3.02 09/14/04 CLEVELAND CLIFFS INC OH 1.01,9.01 09/14/04 COINSTAR INC DE 2.01,9.01 07/07/04 AMEND COLGATE PALMOLIVE CO DE 7.01,9.01 09/20/04 COLLEGIATE PACIFIC INC DE 7.01 09/20/04 COLONY BANKCORP INC GA 7.01,9.01 09/20/04 CORCEPT THERAPEUTICS INC 1.01 09/15/04 CORRECTIONAL PROPERTIES TRUST MD 5.02,9.01 09/17/04 COSINE COMMUNICATIONS INC DE 4.01,7.01,9.01 09/14/04 CROSS TIMBERS ROYALTY TRUST TX 2.02,9.01 09/20/04 CRT PROPERTIES INC FL 7.01,9.01 09/17/04 CWMBS INC DE 8.01,9.01 06/30/04 CYPRESS BIOSCIENCE INC DE 5.02,9.01 09/15/04 DEL GLOBAL TECHNOLOGIES CORP NY 1.01,9.01 09/15/04 DEUTSCHE RECREATIONAL ASSET FUNDING C NV 8.01,9.01 07/31/04 DIGITAL INSIGHT CORP DE 7.01,8.01,9.01 09/20/04 DISCOVERY LABORATORIES INC /DE/ DE 5.02,9.01 09/14/04 DISTRIBUTION FINANCIAL SERVICES MARIN NY 8.01,9.01 07/31/04 DISTRIBUTION FINANCIAL SERVICES RV MA NV 8.01,9.01 07/31/04 DISTRIBUTION FINANCIAL SERVICES RV TR NY 8.01,9.01 07/31/04 DISTRIBUTION FINANCIAL SERVICES RV TR NY 8.01,9.01 07/31/04 DIXIE GROUP INC TN 7.01,9.01 09/20/04 DORAL FINANCIAL CORP PR 8.01,9.01 09/20/04 DOW JONES & CO INC DE 1.01,9.01 09/20/04 DOWNEY FINANCIAL CORP DE 5.02,9.01 09/17/04 DRUGSTORE COM INC DE 7.01,9.01 09/20/04 DYNAMEX INC DE 5.02 09/15/04 E MED FUTURE INC NV 1.01,9.01 09/16/04 ENCORE MEDICAL CORP DE 7.01,9.01 09/16/04 ENDURANCE SPECIALTY HOLDINGS LTD 8.01,9.01 09/20/04 ENER1 INC FL 8.01,9.01 09/20/04 ENXNET INC OK 7.01,9.01 09/20/04 EVANS BOB FARMS INC DE 2.01,9.01 09/20/04 AMEND EXIDE TECHNOLOGIES DE 1.01 09/15/04 EYETECH PHARMACEUTICALS INC DE 7.01 09/20/04 FALCON PRODUCTS INC /DE/ DE 8.01,9.01 09/17/04 FIFTH THIRD AUTO TRUST 2004-A 8.01,9.01 09/20/04 FINDWHAT COM INC NV 3.01,5.02,9.01 09/20/04 FIRST INDIANA CORP IN 8.01,9.01 09/17/04 FIRST MERCHANTS CORP IN 7.01,9.01 09/20/04 FIRST UNION COMMERCIAL MORTGAGE PASS NC 9.01 09/15/04 FIRST UNION REAL ESTATE EQUITY & MORT OH 1.01,9.01 09/16/04 FLEET HOME EQUITY LOAN LLC DE 9.01 09/20/04 FOG CUTTER CAPITAL GROUP INC MD 8.01 09/17/04 FORGENT NETWORKS INC DE 2.02,9.01 09/17/04 FRANKLIN RESOURCES INC DE 8.01 09/20/04 FRONTIER OIL CORP /NEW/ WY 7.01,9.01 09/20/04 FRONTIER OIL CORP /NEW/ WY 7.01,9.01 09/20/04 GATX FINANCIAL CORP DE 8.01,9.01 09/20/04 GEORGIAN BANCORPORATION GA 8.01,9.01 09/17/04 GLOBAL AXCESS CORP NV 1.01,2.03,3.02,9.01 09/20/04 GLOBUS GROWTH GROUP INC NY 4.01,9.01 09/20/04 GLOBUS INTERNATIONAL RESOURCES CORP NV 8.01,9.01 08/31/04 GREENPOINT FINANCIAL CORP DE 5.04,9.01 09/20/04 HILLENBRAND INDUSTRIES INC IN 2.05 09/16/04 HIRSCH INTERNATIONAL CORP NY 3.01 09/20/04 HORNBECK OFFSHORE SERVICES INC /LA DE 8.01,9.01 09/20/04 HUGOTON ROYALTY TRUST TX 2.02,9.01 09/20/04 HUMAN GENOME SCIENCES INC DE 5.02,9.01 09/15/04 HYPERFEED TECHNOLOGIES INC DE 3.01,9.01 09/14/04 IGATE CORP PA 1.01,9.01 09/20/04 IMAGIS TECHNOLOGIES INC A1 9.01 09/20/04 IMMUNICON CORP 8.01,9.01 09/20/04 INFONET SERVICES CORP 5.05,9.01 09/15/04 INLAND REAL ESTATE CORP MD 8.01,9.01 09/20/04 INTEGRATED BIOPHARMA INC DE 7.01,9.01 09/20/04 INTER PARFUMS INC DE 7.01 09/17/04 INTERLEUKIN GENETICS INC DE 5.02,9.01 09/14/04 INTERMAGNETICS GENERAL CORP NY 5.02 09/16/04 INTERMET CORP GA 8.01,9.01 09/17/04 INTERNATIONAL MICROCOMPUTER SOFTWARE CA 7.01,9.01 09/15/04 IVP TECHNOLOGY CORP NV 1.01,9.01 07/31/04 IVP TECHNOLOGY CORP NV 8.01,9.01 09/15/04 J.P. Morgan Chase Commercial Mortgage DE 9.01 09/15/04 J.P. Morgan Chase Commercial Mortgage DE 9.01 09/15/04 J2 GLOBAL COMMUNICATIONS INC DE 8.01,9.01 09/15/04 KEMET CORP DE 2.02 09/20/04 KERR MCGEE CORP /DE DE 5.02,9.01 09/20/04 KFX INC DE 8.01,9.01 09/20/04 LADENBURG THALMANN FINANCIAL SERVICES FL 8.01 09/15/04 LANDRYS RESTAURANTS INC DE 2.02,9.01 09/20/04 LFG International, Inc. NV 8.01 09/08/04 LOOKSMART LTD DE 5.02,8.01 09/15/04 LTX CORP MA 2.05 09/14/04 LYONDELL CHEMICAL CO DE 8.01,9.01 09/20/04 MADISON RIVER CAPITAL LLC DE 8.01,9.01 09/20/04 MAGNA ENTERTAINMENT CORP DE 8.01,9.01 09/20/04 MARKWEST ENERGY PARTNERS L P 8.01,9.01 09/15/04 MAX RE CAPITAL LTD 8.01 09/15/04 MAXIM PHARMACEUTICALS INC DE 8.01,9.01 09/20/04 MAXIM PHARMACEUTICALS INC DE 8.01 09/20/04 MAY DEPARTMENT STORES CO DE 9.01 09/20/04 AMEND MCCLATCHY CO DE 5.02 09/20/04 MEDAREX INC NJ 1.01,3.02,9.01 09/15/04 MEDICOR LTD DE 2.01,9.01 07/06/04 AMEND Merrill Lynch Mortgage Trust 2004-KEY DE 8.01,9.01 09/16/04 MESA OFFSHORE TRUST TX 7.01,9.01 09/20/04 MESA ROYALTY TRUST/TX TX 7.01,9.01 09/20/04 MID AMERICA APARTMENT COMMUNITIES INC TN 7.01,9.01 09/15/04 MIDWAY GAMES INC DE 1.01,9.01 09/15/04 MONDAVI ROBERT CORP CA 8.01,9.01 09/20/04 MONDAVI ROBERT CORP CA 2.05 09/14/04 MONDAVI ROBERT CORP CA 1.01,9.01 09/14/04 Morgan Stanley ABS Capital I Inc. Tru DE 8.01,9.01 09/17/04 AMEND Morgan Stanley Capital I Trust 2004 I DE 9.01 09/15/04 MOSCOW CABLECOM CORP DE 3.02 09/20/04 MOTIVE INC DE 5.02 09/20/04 MPW INDUSTRIAL SERVICES GROUP INC OH 4.01,9.01 09/15/04 MS STRUCTURED SATURNS SERIES 2001-8 DE 9.01 09/15/04 MS STRUCTURED SATURNS SERIES 2002-14 DE 9.01 09/15/04 MS STRUCTURED SATURNS SERIES 2003-2 DE 9.01 09/15/04 NABORS INDUSTRIES LTD D0 8.01,9.01 09/20/04 NARA BANCORP INC DE 4.01 09/17/04 NATIONAL CITY AUTO RECEIVABLES TRUST DE 8.01,9.01 09/15/04 NATIONAL CITY AUTO RECEIVABLES TRUST 8.01,9.01 09/15/04 NATIONAL CITY CREDIT CARD MASTER TRUS 8.01,9.01 09/15/04 NATIONAL SECURITY GROUP INC DE 8.01 09/16/04 NAVISTAR FINANCIAL RETAIL REC CORP 2 DE 8.01 08/31/04 NAVISTAR FINANCIAL RETAIL REC CORP 2 DE 8.01 08/31/04 NAVISTAR FINANCIAL RETAIL REC CORP 20 DE 8.01 08/31/04 NAVISTAR FINANCIAL RETAIL REC CORP 20 DE 8.01 08/31/04 NAVISTAR FINANCIAL RETAIL REC CORP 20 DE 8.01 08/31/04 NAVISTAR FINANCIAL RETAIL REC CORP 20 DE 8.01 08/31/04 NAVISTAR FINANCIAL RETAIL REC CORP NA DE 8.01 08/31/04 NB&T FINANCIAL GROUP INC OH 8.01 09/17/04 NEOPHARM INC DE 7.01 09/20/04 NETWORK INSTALLATION CORP NV 7.01,9.01 09/20/04 NEWMONT MINING CORP /DE/ DE 8.01,9.01 09/17/04 NIKE INC OR 2.02,9.01 09/20/04 NORTH COUNTRY FINANCIAL CORP MI 7.01 09/10/04 AMEND NUVELO INC DE 1.01,9.01 09/14/04 OBIE MEDIA CORP OR 1.01,9.01 09/17/04 OMEGA FINANCIAL CORP /PA/ PA 7.01,9.01 09/20/04 ONEOK INC /NEW/ OK 2.03,9.01 09/17/04 OPEN SOLUTIONS INC DE 9.01 07/08/04 AMEND OSHKOSH TRUCK CORP WI 1.01,9.01 09/14/04 OSTEOTECH INC DE 7.01 09/20/04 OUTDOOR CHANNEL HOLDINGS INC AK 3.02,3.03,5.03,8.01,9.01 09/14/04 PACKAGING DYNAMICS CORP DE 1.01,2.01,2.03,3.02,5.02,9.01 09/14/04 PACTIV CORP DE 8.01,9.01 09/20/04 PALMONE INC DE 2.02,9.01 09/20/04 Park Place Securities, Inc., Asset-Ba DE 9.01 09/03/04 Park Place Securities, Inc., Asset-Ba DE 8.01,9.01 09/03/04 PARTNERRE LTD 1.01,9.01 09/17/04 PARTY CITY CORP DE 1.01,7.01,9.01 09/16/04 PATCH INTERNATIONAL INC/CN NV 3.01 09/20/04 PATINA OIL & GAS CORP DE 1.01 09/14/04 PENN OCTANE CORP DE 8.01,9.01 09/17/04 PEOPLES BANCORPORATION INC /SC/ SC 1.01,5.03,9.01 09/17/04 PEOPLES ENERGY CORP IL 2.05,7.01,9.01 09/20/04 PEROT SYSTEMS CORP DE 1.01,9.01 09/16/04 PETROHAWK ENERGY CORP DE 8.01 09/14/04 PHARMACYCLICS INC DE 8.01,9.01 09/20/04 PLATINUM UNDERWRITERS HOLDINGS LTD D0 7.01,9.01 09/20/04 PONY EXPRESS USA INC NV 1.02,3.02,5.02 09/14/04 POPULAR ABS, INC. DE 8.01,9.01 09/15/04 PRELUDE VENTURES INC NV 5.01 08/25/04 PRESSURE BIOSCIENCES INC MA 2.01,5.02,9.01 09/14/04 PRICESMART INC DE 1.01,1.02,9.01 09/15/04 PRICESMART INC DE 2.02,9.01 09/15/04 PROGENICS PHARMACEUTICALS INC DE 1.01,9.01 09/16/04 PROTOCALL TECHNOLOGIES INC NV 9.01 06/22/04 AMEND QUICKSILVER RESOURCES INC DE 1.01,9.01 09/14/04 RAYONIER INC NC 5.02 09/20/04 RECKSON ASSOCIATES REALTY CORP MD 5.03,8.01,9.01 09/14/04 RED HAT INC DE 2.02,9.01 09/20/04 REMEC INC CA 5.03 09/16/04 ROGERS CORP MA 8.01,9.01 09/20/04 SCOTIA PACIFIC CO LLC DE 7.01 09/20/04 SERVICEMASTER CO DE 1.01,9.01 09/16/04 SILICON VALLEY BANCSHARES DE 1.01,1.02,2.03,9.01 09/15/04 SKY FINANCIAL GROUP INC OH 5.02 09/15/04 SONUS PHARMACEUTICALS INC DE 1.01,5.02,9.01 09/15/04 SOVRAN SELF STORAGE INC MD 8.01 09/20/04 SPECIALTY LABORATORIES INC 5.02,7.01,9.01 09/15/04 SPORTS AUTHORITY INC /DE/ DE 8.01,9.01 09/15/04 SPORTS CLUB CO INC DE 1.01,3.01,3.02,3.03,5.03,9.01 09/17/04 SUN BANCORP INC PA 7.01,9.01 09/20/04 SUNTRUST BANKS INC GA 2.02,9.01 09/20/04 TEKELEC CA 1.01,3.02 09/14/04 TELEFLEX INC DE 7.01,8.01,9.01 09/20/04 TEMPLE INLAND INC DE 8.01,9.01 09/20/04 TEXAS INSTRUMENTS INC DE 5.02,8.01,9.01 09/16/04 TIDELANDS OIL & GAS CORP/WA NV 3.02 09/20/04 TITAN CORP DE 7.01,9.01 09/14/04 TRANSACT TECHNOLOGIES INC DE 3.01,9.01 09/20/04 TRUE RELIGION APPAREL INC NV 7.01 09/15/04 Trycera Financial, Inc. NV 5.02,8.01,9.01 09/14/04 TVIA INC DE 5.02 09/14/04 AMEND U S ENERGY SYSTEMS INC DE 3.01 09/15/04 ULTRATECH INC DE 7.01,9.01 09/20/04 UTSTARCOM INC DE 7.01,9.01 09/20/04 UTSTARCOM INC DE 5.02,8.01,9.01 09/15/04 VIACOM INC DE 8.01,9.01 09/20/04 VISIJET INC DE 8.01,9.01 09/20/04 VISUAL NETWORKS INC DE 4.01,9.01 09/17/04 VITESSE SEMICONDUCTOR CORP DE 3.02,8.01,9.01 09/16/04 VOLKSWAGEN AUTO LEASE UNDERWRITTEN FU 8.01,9.01 09/20/04 VOLKSWAGEN DEALER FINANCE LLC DE 8.01,9.01 09/20/04 VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZ 8.01,9.01 09/20/04 VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZ 8.01,9.01 09/20/04 VON HOFFMANN CORP 8.01,9.01 09/20/04 VYYO INC DE 2.02,9.01 09/20/04 WACHOVIA COMMERCIAL MORT SEC INC COM NC 9.01 09/15/04 WATER CHEF INC DE 8.01,9.01 09/20/04 WAVE SYSTEMS CORP DE 3.01 09/14/04 WELLS REAL ESTATE INVESTMENT TRUST IN DE 7.01 09/20/04 WILLIAMS COMPANIES INC DE 8.01 09/10/04 WINDROSE MEDICAL PROPERTIES TRUST MD 1.01,2.03 09/10/04 WIRELESS AGE COMMUNICATIONS INC NV 7.01,9.01 09/16/04 WIRELESS FRONTIER INTERNET INC DE 1.01 09/14/04 WORLD AIRWAYS INC /DE/ DE 9.01 09/16/04 WPT ENTERPRISES INC 8.01,9.01 09/20/04 ZANETT INC DE 8.01 09/19/04