TCREUR_Public/100119.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

           Tuesday, January 19, 2010, Vol. 11, No. 012

                            Headlines



F R A N C E

PERNOD RICARD: Sales Fell 3% in the First Half of 2009
PSA PEUGEOT: In Talks with Mitsubishi Motors on Share Swap
RENAULT SA: Clio Production to Remain in Flins Plant
REXEL SA: S&P Assigns 'B+' Rating on EUR1.7 Bil. Credit Facilities
VIVENDI SA: May Face Heavy Damages in N.Y. Class Action Lawsuit


G E R M A N Y

ARCANDOR AG: Chances of Metro Karstadt Takeover Slim, Cordes Says
KABEL DEUTSCHLAND: Fitch Corrects Press Release; Gives BB- Rating
PFLEIDERER AG: Fitch Maintains Issuer Default Rating at 'B'


G R E E C E

WIND HELLAS: Investors Mull Lawsuit on Forum-Shopping


I R E L A N D

ANGLO IRISH: Number of Staff Seeking to Leave Exceeds Cuts Sought
CHARM ITALIA: Creditors Meeting Set for January 27
COPPER ALLEY: Hearing on Wind-Up Petition on February 1
CORK CITY: Gerard Harrahill Files Winding-Up Petition
DALKEY ARTS: Creditors Meeting Set for January 29

DELTA TRAVEL: Creditors Meeting Set for January 28
DONATEX LTD: High Court Enters Summary Judgment Orders
HAUGH WOMAN: Creditors Meeting Set for January 28
H.E. SERVICES: Creditors Meeting Set for January 26
SHELBOURNE HOTEL: Owners Paid EUR1.7 Mln in Refurbishment Costs

SOLO TOO: Creditors Meeting Set for January 27
STARTS PLC: Moody's Downgrades Rating on Series 2005-28 to 'B1'
TONY GRAY: High Court Approves Scheme of Arrangement


I T A L Y

IT HOLDING: In Talks with Unions to Cut 40% of Workforce


N E T H E R L A N D S

TELECONNECT INC: Auditors Raise Going Concern Doubt


S L O V E N I A

ISTRABENZ D.D.: Tomaz Berlocnik Named New CEO, STA Reports


S P A I N

AVENIDA M40: Enters Into Insolvency Proceedings


U N I T E D   K I N G D O M

CODEMASTERS SOFTWARE: Close to Secure Cash Injection
CORSAIR NO 2: S&P Cuts Ratings on Three Series of Notes to 'D'
EUROPEAN PRIME: Fitch Junks Rating on Class D Tranche From 'BB'
KERLING PLC: S&P Assigns 'CCC' Long-Term Corporate Credit Rating
LOMBARD MEDICAL: To Raise GBP13MM In Placing & Subscription Offer

TATA STEEL: Corus Extends TCP Plant Operations
TIME OUT: Founder Tony Elliott to Inject GBP3 Mln to Cover Losses
UBER MASSCLUSIVE: In Administration; PwC Appointed
UNITED UTILITIES: May Cut 20% of 9,000 Workforce
UV MODULAR: In Receivership; 140 Jobs Affected

WHITE TOWER: Fitch Affirms Ratings on Two Tranches at 'C'


X X X X X X X X

* Large Companies with Insolvent Balance Sheet




                         *********



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F R A N C E
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PERNOD RICARD: Sales Fell 3% in the First Half of 2009
------------------------------------------------------
Ladka Bauerova at Bloomberg News reports that Pernod Ricard SA
said first-half sales fell about 3% as western Europe and the U.S.
were slow to recover from the recession.

According to Bloomberg, the company said total sales in the second
quarter, which ended Dec. 31, declined 2%, compared with a 4% drop
in the first quarter.

"Asia continues to do the heavy lifting," Bloomberg quoted Simon
Hales, an analyst at London-based Evolution Securities, as saying
in an e-mailed note after yesterday's report.  "Europe remains
difficult while the U.S. business remains under pressure -- an
ongoing concern given the importance of the Absolut brand in the
region."

Pernod is scheduled to report fiscal first-half earnings on
Feb. 18, Bloomberg notes.

                         About Pernod Ricard

Headquartered in Paris, France, Pernod Ricard --
http://www.pernod-ricard.com/-- produces and distributes
spirits and wines.  The company operates in Europe, North
America, Central and South America, and the Asia-Pacific region.

                           *     *     *

As reported by the Troubled Company Reporter-Europe on Nov. 23,
2009, Standard & Poor's Ratings Services said that it revised its
outlook on Pernod Ricard S.A. to stable from negative.  Standard &
Poor's affirmed its 'BB+' long-term corporate credit rating
and its 'B' short-term corporate credit rating on Pernod Ricard.
S&P said the ratings reflect Pernod's still high financial
indebtedness, resulting from acquisition-led growth.


PSA PEUGEOT: In Talks with Mitsubishi Motors on Share Swap
----------------------------------------------------------
Managers of PSA Peugeot Citroen and Mitsubishi Motors Corp. met
last week in Tokyo to negotiate a deal that may give the French
carmaker a controlling stake in the Japanese company, Jacqueline
Simmons and Laurence Frost at Bloomberg News report, citing two
people familiar with the matter.

According to Bloomberg, the people, who asked not to be identified
because the talks are confidential, said a transaction would
involve a share swap.  Bloomberg relates one of the people said at
least four scenarios are being discussed.

Bloomberg recalls Peugeot and Mitsubishi said on Dec. 3 that they
were in talks on the French company's possible purchase of a
holding as well as more joint vehicle production and development.

The French carmaker is seeking a closer partnership abroad as
rivals increase their presence in Asia, Bloomberg says.

Bloomberg discloses one of the people said one of the options
under discussion may involve Mitsubishi taking a bigger Peugeot
stake than the 18% envisaged earlier.  Another scenario would see
Peugeot take a large minority stake, Bloomberg says citing a
person with knowledge of the talks.

The people said the companies may give an update in the second
week of February when Peugeot is scheduled to release earnings,
Bloomberg notes.

According to Bloomberg, acquiring a Mitsubishi stake may stretch
finances at Peugeot, which had EUR2 billion (US$2.9 billion) in
net industrial debt as of June 30 and bonds rated below investment
grade by Standard & Poor's.  PSA Peugeot is rated BB+ by Standard
& Poor's.

PSA Peugeot Citroen S.A. -- http://www.psa-peugeot-citroen.com/
-- is a France-based manufacturer of passenger cars and light
commercial vehicles.  It produces vehicles under the Peugeot and
Citroen brands.  In addition to its automobile division, the
Company includes Banque PSA Finance, which supports the sale of
Peugeot and Citroen vehicles by financing new vehicle and
replacement parts inventory for dealers and offering financing and
related services to car buyers; Faurecia, an automotive equipment
manufacturer focused on four component families: seats, vehicle
interior, front end and exhaust systems; Gefco, which offers
logistics services covering the entire supply chain, including
overland, sea and air transport, industrial logistics, container
management, vehicle preparation and distribution, and customs and
value added tax (VAT) representation, and Peugeot Motocycles,
which manufactures scooters and motorcycles.  In 2008, PSA Peugeot
Citroen S.A. sold over 3.2 million vehicles in 150 countries
worldwide.


RENAULT SA: Clio Production to Remain in Flins Plant
----------------------------------------------------
Mark Deen and Gregory Viscusi at Bloomberg News report that
Renault SA Chief Executive Officer Carlos Ghosn promised to
maintain jobs at the company's Flins plant after meeting with
President Nicolas Sarkozy and obtaining state aid to develop
electric cars.

Bloomberg relates Mr. Sarkozy said Saturday in a statement Renault
will continue to produce its current Clio models at the site
northwest of Paris and will add some production of its new Clio
IV.  The French president, as cited by Bloomberg, said the
French government will provide loans of EUR170 million
(US$244 million) to develop electric cars and batteries.

Bloomberg recalls Mr. Ghosn was summoned to meet Mr. Sarkozy after
the carmaker floated the idea of shifting production of the next
Clio compact car to its plant in Bursa, Turkey.

"We haven't invested all this money supporting our carmakers just
to see all the factories moved overseas," Bloomberg quoted
Mr. Sarkozy as saying before lawmakers in the National Assembly
Jan. 13.

The French state is also Renault's biggest shareholder with a 15%
stake, Bloomberg notes.

According to Bloomberg, Renault spokeswoman Axelle de Ladonchamps
said Friday in a telephone interview the carmaker was already
planning to use the Flins factory to build its Zoe electric car
starting in 2012.

As reported by the Troubled Company Reporter-Europe on July 31,
2009, The Financial Times said Renault's net debt at the end of
the first half was EUR7.24 billion, equivalent to 43.7% of
shareholders' equity.

                             Pressure

Nikki Tait and Ben Hall at The Financial Times report that Neelie
Kroes, the European Union's competition chief, demanded an
explanation from the French government about its pressure on the
carmaker to site its Clio production facilities in France.

According to the FT, Ms. Kroes addressed a letter to the French
authorities asking for an explanation about "the apparent
contradiction" between the recent comments of Christian Estrosi,
French industry minister, and the assurances that Luc Chatel, his
predecessor, gave Brussels in February.  The FT says Brussels had
been concerned that up to EUR6 billion-worth of state loans to
Peugeot and Renault were being made conditional on the carmakers
sourcing from French-based suppliers and avoiding closures of
plants in France -- conditions which would breach EU single market
rules.

The dispute was only settled when Mr. Chatel confirmed in writing
that France would not implement measures that breached core EU
principles by restricting the freedom of manufacturers to develop
their economic activities or imposing conditions on production
facilities, the FT notes.

Renault SA -- http://www.renault.com/-- is a France-based company
primarily engaged in the manufacture of automobiles and related
services.  The Company has two main areas of business activity:
the Automobile division, which handles the design, manufacture and
marketing of passenger cars and commercial vehicles, under
Renault, Renault Samsung Motors and Dacia brands, and the Sales
Financing division, which provides financial and commercial
services related to the Company's sales activities, and is
comprised of RCI Banque and its subsidiaries.  The Company
operates worldwide via a group of subsidiaries and dependant
companies, including wholly owned Renault SAS, 99.43%-owned Dacia,
44.3%-owned Nissan Motor and 20.7%-owned AB Volvo, among others.

                             *     *     *

Renault SA continues to carry long- and short-term corporate
credit and debt ratings of 'BB/B' from Standards & Poor's Ratigns
Services with stable outlook.  The ratings were lowered to their
current level from 'BBB-/ A-3' in June 2009.


REXEL SA: S&P Assigns 'B+' Rating on EUR1.7 Bil. Credit Facilities
------------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B+'
debt rating to the cumulative EUR1.7 billion revolving credit
facilities issued by Rexel S.A. (B+/Stable/--).  At the same time,
S&P assigned a recovery rating of '4' to this debt, indicating
S&P's expectation of average (30%-50%) recovery for creditors in
the event of a payment default.  The new EUR1.7 billion RCF is
split into EUR600 million of term loan A due 2012 and
EUR1.1 billion of term loan B due 2014.  The amount of term loan
A will decrease to EUR400 million after one year and to
EUR200 million after two years.  These loans are unsecured and
rank pari passu with the existing EUR650 million bonds, to which
they have a similar guarantee package, with the guarantors
contributing 86% of EBITDA, 67% of assets, and 68% of sales.

                         Recovery Analysis

The recovery rating on the RCF is '4', indicating S&P's
expectation of average (30%-50%) recovery for creditors in the
event of a payment default.

In S&P's hypothetical default scenario, S&P has valued Rexel on a
going-concern basis because S&P believes that the group's
"satisfactory" business risk profile, along with the cash-
generative nature of its business, would result in it being sold
off on a going-concern basis on the path to default.

In S&P's view, along with general economic pressures, reduced
demand, and thin distribution margins, the business could face
further operational difficulties in implementing its
centralization plan, leading to hypothetical default in 2012.

S&P believes that at the point of hypothetical default, the
business would be valued at approximately EUR1.2 billion excluding
debt outstanding under the securitization program.  S&P further
deduct priority obligations comprising enforcement costs and 50%
of existing pension liabilities.  S&P understand that the recently
upsized EUR650 million bonds and the EUR1.7 billion refinanced
bank debt will rank pari passu with one another, resulting in 30%-
50% recovery coverage for the bondholders, which corresponds to a
recovery rating of '4'.

                            Ratings List

                             New Rating

                             Rexel S.A.

                         Senior Unsecured

             EUR1.1 bil. snr unsecd revolving
              credit fac B bank ln due 2014         B+
               Recovery Rating                      4

             EUR600 mil. snr unsecd revolving
              credit fac A bank ln due 2012         B+
               Recovery Rating                      4


VIVENDI SA: May Face Heavy Damages in N.Y. Class Action Lawsuit
---------------------------------------------------------------
Ben Hall at The Financial Times reports that Vivendi SA may have
to pay billions of euros damages in a vast class-action lawsuit in
which investors claim they were misled about the true financial
health of the French entertainment group.

The FT says the company, Jean-Marie Messier, its former chief
executive, and Guillaume Hannezo, former finance director, are
being sued by a million U.S., French, British and Dutch investors
for allegedly misstating Vivendi's true financial and operational
performance during an acquisition spree from 2000 to 2002.

The defendants are being sued for 57 breaches of US securities law
in a New York district court, the FT discloses.  The FT relates
during the three-month trial, which concluded last week,
Mr. Messier admitted to management errors, but denied all
allegations of fraud, the FT states.  The case centered on the
21-month period following a three-way merger of Vivendi, Seagram,
which owned Universal Studios, and Canal Plus, the French
pay-television operator, the FT notes.

According to The FT, a verdict could come as early as Tuesday.  If
the jury decides the defendants are liable it will also determine
the total damages that should be awarded against them, the FT
notes.

Expert witness for the plaintiffs told the FT estimated maximum
total damages due at EUR8 billion (US$11.5 billion), Arthur Abbey,
the lead lawyer for the shareholders.

The FT says a liability verdict and an order to pay hefty damages
would weigh heavily on the French company, even if subject to
appeal.

                         French Investors

In a reported dated Jan. 13 Bloomberg News' Heather Smith
disclosed Vivendi  lost a bid to block French investors from
participating in the shareholder lawsuit.  According to Bloomberg,
Judge Isabelle Nicolle in Paris ruled that while class action
lawsuits don't exist in France, participating in them in another
jurisdiction doesn't violate French law.  Vivendi was seeking to
exclude French investors from the New York case, Bloomberg noted.
According to Bloomberg, Vivendi said about two-thirds of the
parties in the New York case are French.  Bloomberg related
Vivendi sued the Association for the Defense of Minority
Shareholders, or Adam, and the named investors in the New York
suit, saying they were "forum shopping" for a higher award and
that investors should sue in their home country.

                          About Vivendi

Vivendi SA -- http://www.vivendi.com/-- is a France-based company
principally engaged in telecommunications services and media
entertainment.  The Company operates five core subsidiaries:
Activision Blizzard, a 54% subsidiary, is a worldwide pure-play
online and console game publisher; Universal Music Group, a 100%
subsidiary, is a recorded music company; SFR, a telecommunications
operator in France is a 56% subsidiary of Vivendi (the new SFR,
created via a merger with Neuf Cegetel, is a mobile and fixed-line
operator in Europe); Maroc Telecom, a 53% subsidiary, is a mobile
and fixed-line and internet access operator in Morocco; Groupe
Canal+, a 100% subsidiary, offers premium and theme channel
distribution and programming in France.  Vivendi holds 20% of NBC
Universal.  Vivendi Mobile Entertainment was founded as a 100%
subsidiary of Vivendi in 2007, its innovative subscription
service, branded zaOza, was launched in France in 2008.


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G E R M A N Y
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ARCANDOR AG: Chances of Metro Karstadt Takeover Slim, Cordes Says
-----------------------------------------------------------------
Vera Eckert at Reuters reports that Metro AG Chief Eckhard Cordes
said that the chances of the company buying parts of Arcandor's
department store business Karstadt are dwindling.

"At the moment, chances for a takeover of Karstadt stores are very
small," Reuters quoted Mr. Cordes as saying in a pre-release of
extracts from an interview with weekly Wirtschaftswoche.  "Metro
in no case will make a bid for the entire Karstadt (store
business)."

Reuters recalls Metro had offered to take over parts of Karstadt
to merge it with its own Kaufhof department stores in the run-up
to Arcandor's collapse last June but the deal failed as Arcandor
wanted to keep the group together as a whole.

Reuters notes Mr. Cordes reiterated that if only the entire group
was subject to sales talks, these would be "a waste of time for
both sides."

                        About Arcandor AG

Germany-based Arcandor AG (FRA:ARO) -- http://www.arcandor.com/--
formerly KarstadtQuelle AG, is a tourism and retail group.  Its
three core business areas are tourism, mail order services and
department store retail.  The Company's business areas are covered
by its three operating segments: Thomas Cook, Primondo and
Karstadt.  Thomas Cook Group plc is a tour operator with
operations in Europe and North America, set up as a result of a
merger between MyTravel and Thomas Cook AG.  It also operates the
e-commerce platform, Thomas Cook, supporting travel services.
Primondo has a portfolio of European universal and specialty mail
order companies, including the core brand Quelle.  Karstadt
operates a range of department stores, such as cosmopolitan
stores, including KaDeWe (Kaufhaus des Westens), Karstadt
Oberpollinger and Alsterhaus; Karstadt brand department stores;
Karstadt sports department stores, offering sports goods in a
variety of retail outlets, and a portal, karstadt.de that offers
online shopping, among others.

As reported by the Troubled Company Reporter-Europe, a local court
in Essen formally opened insolvency proceedings for Arcandor on
September 1, 2009.  The proceedings started for the Arcandor
holding company and for 14 units, including the Karstadt
department-store chain and Primondo mail-order division.

Arcandor filed for bankruptcy protection after the German
government turned down its request for loan guarantees.  On
June 8, 2009, the government rejected two applications for help by
the company, which employs 43,000 people.  The retailer sought
loan guarantees of EUR650 million (US$904 million) from Germany's
Economy Fund program.  It also sought a further EUR437 million
from a state-owned bank.


KABEL DEUTSCHLAND: Fitch Corrects Press Release; Gives BB- Rating
-----------------------------------------------------------------
Fitch Ratings has released a clarification on the impact of a
possible acquisition on the leverage covenant test in paragraph
five cited in the version issued on January 13, 2010.

Fitch says that Kabel Deutschland's proposal to amend its existing
senior credit facilities is broadly credit neutral.  The extension
of a significant portion of its debt maturities would reduce
medium-term refinancing risk, but the positive impact of such a
move would be somewhat offset by other changes which increase the
probability of further acquisitions.

Fitch presently rates Kabel Deutschland Vertrieb und Service GmbH
& Co AG's Long-term Issuer Default Rating at 'BB-' with a Stable
Outlook.  The company's senior secured bank facilities are rated
'BB+', while the holding company Kabel Deutschland GmbH's senior
notes are rated 'BB-'.

KDG is proposing to extend the maturity of up to EUR1.3 billion of
its senior secured credit facility to March 2014.  This facility
accounts for EUR1.685 billion of KDG's bank borrowing in two
tranches of EUR1.15bn and EUR535 million which mature in March
2012 and March 2013 respectively.  If accepted by lenders, the
extension of a significant portion of KDG's debt maturity would
reduce the company's medium-term refinancing risk.  Together with
the company's improving operational and financial performance,
this would point to upward rating momentum.

However, there is acquisition risk to consider.  Other credit
facility amendments KDG is proposing point to a more tangible
appetite for acquisitions, in line with the company's publicly
stated interest in being an active consolidator of the German
cable market.  The amendments to the existing credit facilities
would allow acquisitions of up to EUR800 million in value.
Amongst other changes, the ongoing covenant leverage test,
following any major acquisition of over EUR400 million in value,
would widen by 0.50x on the closing of such a transaction.  This
is mitigated by the fact that KDG is only permitted to close such
a transaction if on a 12-month look-forward basis at closing KDG's
leverage remains within 0.25x of the current covenant limit.

Fitch views positively the industrial and financial logic of KDG
acquiring level 4 operators to gain full customer value and to be
able to upsell higher ARPU (average revenue per user) services to
existing subscribers, as highlighted in a recent Fitch report on
KDG (for further information, please see the October 15, 2009
report, entitled 'Kabel Deutschland GmbH', which is available on
the agency's website at www.fitchratings.com).  The remaining
Orion business and smaller Level 4 operator Pepcom would be
logical acquisition targets for KDG.  However, if a significant
acquisition did take place, Fitch believes the pace of
deleveraging would slow, which would offset some of the positive
rating pressure building at KDG.

On balance, Fitch considers that the amendments are broadly
neutral with respect to KDG's credit profile.  The amendments
would support KDG's improving financial profile and maturing
credit profile.  However, they expose the company to increased
event risk in a market where acquisitions, even if they were bolt-
on in size, may present integration challenges.


PFLEIDERER AG: Fitch Maintains Issuer Default Rating at 'B'
-----------------------------------------------------------
Fitch Ratings has maintained Pfleiderer AG's Long-term Issuer
Default Rating of 'B' on Rating Watch Negative.  At the same time,
Fitch has downgraded Pfleiderer's EUR275 million undated
subordinated fixed- to floating-rate capital securities to 'CC'
from 'CCC' and maintained the rating on RWN.  The Recovery Rating
on the capital securities is 'RR6'.  The company's Short-term IDR
is affirmed at 'B'.

The rating action on the Long-term IDR reflects Pfleiderer's
announcement earlier this week that it has completed negotiations
with its bank and promissory note lenders and has agreed on a
secured restructuring package of a total volume of approximately
EUR800 million, maturing in 2013.  The package with western
European lenders mainly consists of the existing EUR460 million
syndicated loan, EUR155 million of Schuldschein debt,
EUR60 million of bilateral facilities and a new, EUR140 million
tranche provided by the Kreditanstalt fuer Wiederaufbau.  The
restructuring package addresses a large portion of Fitch's
liquidity concerns.  However, Pfleiderer has still not completed
the negotiations on a further EUR300 million financing package
with its eastern European lenders.  This is expected to be
concluded during Q110, which is why the agency has maintained the
Rating Watch Negative.  Fitch is likely to affirm all ratings at
current levels upon closing of the eastern European financing
package, in the absence of any adverse developments.  The agency
would also expect to assign a Negative Outlook to Pfleiderer's
Long-term IDR which would reflect the issuer's stretched financial
profile for the rating level and the risk of protracted weak
market conditions which could constrain its deleveraging plan.

The downgrade of the instrument rating on Pfleiderer's hybrid
capital securities follows the continuing deferral of coupon
payments by Pfleiderer as announced this week and the stated
prioritization by the company of more senior debt repayment ahead
of the payment of cash interest on this instrument.  Under Fitch's
bespoke recovery methodology, the instrument's Recovery Rating of
'RR6' can correspond to an instrument rating either two or three
notches below the Long-term IDR.  In this case, the 'CC' rating at
three notches below the Long-term IDR reflects the continued
activation of the instrument's loss-absorption features.

While Pfleiderer will not have to comply with a leverage based
covenant during 2010 under the new credit documentation, it has to
reach a defined minimum level of EBITDA during this year.  From
2011 a set of leverage and interest coverage covenants will kick
in with limited headroom to Fitch forecasts.  Interest costs are
expected to increase by more than EUR10 million per year following
a margin ratchet based on certain financial leverage levels.

Reported net financial debt (unadjusted for off-balance sheet debt
and excluding the hybrid bond) increased to EUR821.5 million at
end-September 2009 from EUR635.5 million at FYE08.  Fitch
estimates net lease adjusted debt (including 75% equity credit on
the hybrid bond)/EBITDAR to have exceeded 6.0x by FYE09, compared
to 3.5x for FYE08.  However, should the restructuring of the
EUR300 million financing from eastern European lenders be
successful, the agency considers the issuer's liquidity would be
adequate, with EUR81.4 million in cash and undrawn committed
facilities in excess of EUR100 million at end-Q309, compared to
estimated short-term financial liabilities of below EUR100 million
following the implementation of the restructuring package and
moderate mandatory repayments over the coming years, and despite a
substantial bullet repayment in 2013.

Fitch expects that Pfleiderer would potentially have to adopt
additional deleveraging measures to comply with the covenant set
from 2011.  The agency expects a gradual improvement in demand
from Pfleiderer's major end-markets, but anticipates that pricing
pressure will persist during 2010, due to structural overcapacity
in the engineered wood industry.  Sustainable progress on
Pfleiderer's deleveraging efforts, which the company expects to
result in a debt reduction of more than EUR350 million up to 2013,
would be positive for the ratings.  Increased negative pressure on
operational performance, and Pfleiderer as a result, materially
deviating from its announced deleveraging plan could place further
negative pressure on the ratings.

Pfleiderer's ratings continue to be supported by its business
profile as a leading producer of engineered wood, with a growing
share in its key markets.  They also reflect its sound
geographical diversification, with strong positions in its core
markets in western and eastern Europe and North America.  Material
capital investments in recent years will result in the
commissioning of three state-of-the art production facilities
during 2010.  The ratings are constrained by the industry's
capital intensity and vulnerability to cyclical supply-demand
imbalances, resulting in price pressure, and by the company's
challenged ability to pass on raw material price increases to
customers.

Pfleiderer is a leading supplier of engineered wood, surface-
finished products and laminate flooring.  The group reported sales
of EUR1.7 billion in FY08 and EBITDA of EUR223.7 million.


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G R E E C E
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WIND HELLAS: Investors Mull Lawsuit on Forum-Shopping
-----------------------------------------------------
Michael Herman at The Times reports that Bertrand des Pallieres
and other investors are preparing a lawsuit that will accuse Wind
Hellas of "bankruptcy tourism" and question its right to use
British bankruptcy law.

The report recalls Mr. des Pallieres saw the entire investment of
SPQR Capital, his hedge fund, wiped out in the pre-pack of Wind
Hellas, the Greek telecoms group, in August.

Mr. des Pallieres and other investors lost a combined EUR1.5
billion (GBP1.3 billion) in the pre-pack, the report discloses.

Mr. des Pallieres, the report relates, criticized the English
courts for allowing foreign companies to move to the U.K. and
exploit the controversial restructuring tool.

Mr. des Pallieres is among many critics who believe that pre-packs
are fundamentally unfair, the report discloses.

The report says Mr. des Pallieres's principal objection is that
Wind Hellas re-registered as a U.K. company two weeks before it
entered the largest pre-pack administration to date, a
circumstance that he asserts is a "blatant and offensive abuse" of
the law.
He said other struggling companies are planning on using the same
tactic, the report notes.

"If nothing is done, London will become a bankruptcy brothel for
low-life businesses to come from all over and take advantage of
the British system to dump some of their debts and move on," the
report quoted Mr. des Pallieres as saying.

As reported by the Troubled Company Reporter-Europe on Dec. 7,
2009, Bloomberg News said Weather Investments SpA, the holding
company of Egyptian billionaire Naguib Sawiris, completed the
purchase of Hellas Telecommunications II's assets, which include
Wind Hellas.  Bloomberg disclosed Weather's bid was backed by
senior bondholders of Hellas II, the owner of Wind Hellas, and
opposed by holders of its more than EUR1.5 billion (US$2.3
billion) of subordinated debt.

As reported by the Troubled Company Reporter-Europe on Nov. 30,
2009, Bloomberg News said the English High Court approved an order
to place Hellas II into administration.  Maggie Mills and Alan
Hudson were appointed by the court as joint administrators to
Hellas II, Bloomberg said, citing a statement from Ernst & Young.

Headquartered in Athens, WIND Hellas Telecommunications S.A. --
http://www.wind.com.gr/-- is part of Weather Investments, a
global telecommunication group controlled by the Sawiris family
and Naguib Sawiris.  Weather also owns Wind Telecommunicazioni
spa, the third largest mobile operator and second largest fixed
line operator in Italy as well as a 50% plus one share of Orascom
Telecom Holding S.A.E.

                           *     *     *

As reported by the Troubled Company Reporter-Europe on Nov. 20,
2009, Fitch Ratings downgraded Greek mobile operator WIND Hellas
Telecommunications S.A.'s Long-term Issuer Default Rating to 'RD'
(Restricted Default) from 'C'.  The company's Short-term IDR was
also downgraded to 'D' from 'C'.


=============
I R E L A N D
=============


ANGLO IRISH: Number of Staff Seeking to Leave Exceeds Cuts Sought
-----------------------------------------------------------------
Simon Carswell at The Irish Times reports that the number of
employees seeking to leave Anglo Irish Bank under the bank's
voluntary redundancy program exceeded the 230 job cuts sought.

The report relates the bank has told staff it will not allow all
employees who have applied to leave unless there is "over-
capacity" in the area in which they work.  The bank, the report
says, is identifying the divisions where there is "surplus
capacity" and can reduce staff numbers in line with the reduction
in business.

Members of the staff are expected to be told over the coming weeks
whether they have been approved to leave, the report notes.

The report recalls Anglo unveiled the redundancy plan last
November, saying it would seek 230 job cuts initially and a
similar number of redundancies over the next two years as it
assessed its staffing needs under a restructuring of the business
into a good bank-bad bank operation.  In the first wave of cuts,
the bank is seeking 110 job cuts within its Irish operations, 95
in Britain and 25 in the US and Europe, the report recounts.

According to the report, the bank is not expected to be able to
determine its staffing requirements until the European Commission
approves its restructuring plan, which was submitted to Brussels
last November.

Under that plan, Anglo's senior management, led by chief executive
Mike Aynsley, will seek to split the bank into a good bank and bad
or "asset run-down" division to recoup impaired loans over time,
the report discloses.  The split will follow the transfer of
EUR28 billion in development and associated loans from the bank to
the National Asset Management Agency (Nama) this year, the report
states.

Anglo Irish Bank Corp PLC -- http://www.angloirishbank.com/--
operates in three core areas: business lending, treasury and
private banking.  The Bank's non-retail business is made up of
more than 11,000 commercial depositors spanning commercial
entities, charities, public sector bodies, pension funds, credit
unions and other non-bank financial institutions.  The Company's
retail deposits comprise demand, notice and fixed term deposit
accounts from personal savers with maturities of up to two years.
Non-retail deposits are sourced from commercial entities,
charities, public sector bodies, pension funds, credit unions and
other non-bank financial institutions.  In addition, at September
30, 2008, its non-retail deposits included deposits from Irish
Life Assurance plc.  The Private Bank offers tailored products and
solutions for high net worth clients and operates the Bank's
lending business in Ireland and the United Kingdom.

                           *     *     *

As reported by the Troubled Company Reporter-Europe on Nov. 9,
2009, Fitch affirmed Anglo Irish Bank Corporation Ltd.'s
individual rating at 'E'.


CHARM ITALIA: Creditors Meeting Set for January 27
--------------------------------------------------
A meeting of creditors of Charm Italia Limited will take place at
11:00 a.m. on January 27, 2010 at:

         The Manor West Hotel
         Killarney Road
         Tralee
         Co. Kerry
         Ireland

The registered address of the company is at:

         Unit 2
         Cahirdown
         Listowel
         Co. Kerry
         Ireland


COPPER ALLEY: Hearing on Wind-Up Petition on February 1
-------------------------------------------------------
Copper Alley Clothing Limited has filed a winding-up petition.
Reddy Charlton McKnight is the company's solicitor.

The winding-up petition will be heard on February 1, 2010.  Tom
Kavanagh of Kavanagh Fennell was appointed provisional liquidator.

The registered address of the company is at:

         Fashion House
         4 Fashion City
         Ballymount Road Upper
         Dublin 24
         Ireland


CORK CITY: Gerard Harrahill Files Winding-Up Petition
-----------------------------------------------------
Gerard Harrahill has filed a petition to wind up Cork City
Investment FC Limited.

The petitioner's solicitor is Frances Cooke.

The winding-up petition will be heard on February 1, 2010.

The registered address of the company is at:

         Rushbrook
         Cobh
         Co. Cork
         Ireland


DALKEY ARTS: Creditors Meeting Set for January 29
-------------------------------------------------
A meeting of creditors of Dalkey Arts Limited will take place at
11:00 a.m. on January 29, 2010 at:

         The Harcourt Hotel
         Harcourt Street
         Dublin 2
         Ireland

The registered address of the company is at:

         19 Railway Road
         Dalkey
         Co. Dublin
         Ireland


DELTA TRAVEL: Creditors Meeting Set for January 28
--------------------------------------------------
A meeting of creditors of Delta Travel Limited will take place at
3:30 p.m. on January 28, 2010 at:

         PricewaterhouseCooper
         One Spencer Dock
         North Wall Quay
         Dublin 1
         Ireland

The registered address of the company is at:

         Unit 5
         Sackville Place
         Dublin 1
         Ireland


DONATEX LTD: High Court Enters Summary Judgment Orders
------------------------------------------------------
Mary Carolan at The Irish Times reports that an order for summary
judgment for EUR62.5 million has been entered at the Commercial
Court against Bernard McNamara over his personal guarantee of
loans given by private investors for the EUR412 million purchase
of the Irish Glass Bottle site at Ringsend.

The report notes Mr. McNamara has already said he cannot pay the
EUR62.5 million and the entry of summary judgment orders for
EUR62.5 million against him, plus EUR98 million against his
company Donatex Ltd., exposes him to other claims by creditors.

The summary judgment orders were granted Wednesday afternoon by
Mr. Justice Peter Kelly after he was told by Martin Hayden,
counsel for Mr. McNamara, his client was not proceeding with a
Supreme Court appeal against the judge's decision last month that
the investors were entitled to summary judgment on the sums
sought.

                               DDDA

In a separate report, the Irish Times discloses the Docklands
Development Authority has brought a preliminary application aimed
at having Donatex provide security for the costs of their legal
action alleging the authority exposed them to claims of more than
EUR108 million over the purchase of the IGB site.

According to the report, the motion for security of costs was
mentioned Friday before Mr. Justice Kelly, who listed it for
hearing on Feb. 10.

The motion was due to have been heard next Monday but the sides
have agreed to defer it on terms including requiring Donatex to
file a replying affidavit by Jan. 22, the report says.

The action against the DDDA has been brought by Mr. McNamara and
Donatex arising from their involvement in the EUR412 million
purchase of the site, the report notes.

The report recalls Mr. McNamara and Donatex had last November
initiated their action against the DDDA.  They claim, because of a
High Court finding in 2008 that the DDDA acted outside its powers
in how it fast-tracked permission for another docklands
development at North Wall Quay, that the DDDA was never entitled
to enter in November 2006 into an agreement involving Mr. McNamara
and developer Derek Quinlan related to development of the IGB
site, the report states.  They allege the DDDA was unable to
perform its obligations under that IGB agreement and therefore
frustrated the ability of Mr. McNamara and others to develop the
site, meaning substantial losses for them, the report discloses.


HAUGH WOMAN: Creditors Meeting Set for January 28
-------------------------------------------------
A meeting of creditors of Haugh Woman Limited will take place at
4:30 p.m. on January 28, 2010 at the offices of:

          Eamon Keane & Co.
          Kilrush Road
          Ennis
          Co. Clare
          Ireland

The registered address of the company is at:

          19 Parnell Street
          Ennis
          Co. Clare
          Ireland


H.E. SERVICES: Creditors Meeting Set for January 26
---------------------------------------------------
A meeting of creditors of H.E. Services (Ireland) Limited will
take place at 11:00 a.m. on January 26, 2010 at:

         The Georgian Business Centre
         2o Lower Baggot Street
         Dublin 2
         Ireland

The registered address of the company is at:

         Unit 5
         Balydoyle Industrial Estate
         Baldoyle
         Dublin 13
         Ireland


SHELBOURNE HOTEL: Owners Paid EUR1.7 Mln in Refurbishment Costs
---------------------------------------------------------------
John Mulligan at The Irish Independent reports that the owners of
Shelbourne Hotel Holdings, including troubled developer Bernard
McNamara, injected an additional EUR1.7 million into Kantaka
Enterprises, the company that controlled the property during 2007
after the cost of refurbishing the premises spiraled to EUR125
million.

According to the report, accounts just filed for SHH, for 2007,
show the company had a capital deficit of almost EUR30 million at
the end of 2007, up from EUR14.7 million in 2006, while it had
term loans totaling EUR116 million which were repayable within one
to two years.

The accounts, the report says, also show that Mr. McNamara stuffed
almost EUR1.2 million into SHH in 2007, leaving him being owed
EUR12.7 million by the company.  Of the other investors, developer
Bernard Doyle stumped up a further EUR1.2 million to bring his
outstanding loans to the company to EUR6 million, the report
discloses.  Developers David Courtney and Jerry O'Reilly each put
in about EUR1.2 million, bringing the loan balances owed to them
to EUR6 million each, while Blackshore Holdings, the company owned
by Galwayman John Sweeney, put another EUR2.35 million into SHH in
2007 to bring its tally to EUR12.7 million, the report notes.


SOLO TOO: Creditors Meeting Set for January 27
----------------------------------------------
A meeting of creditors of Solo Too Limited will take place on
January 27, 2010 at:

         Mount Herbert Hotel
         Herbert Road
         Sandymount
         Dublin 4
         Ireland

The registered address of the company is at:

        9 The Mews
        Herbert Lane
        Dublin 2
        Ireland


STARTS PLC: Moody's Downgrades Rating on Series 2005-28 to 'B1'
---------------------------------------------------------------
Moody's Investors Service has taken this rating action on notes
issued by Starts (Ireland) Plc, a collateralized debt obligation
transaction referencing a managed portfolio of corporate entities.

Issuer: Starts (Ireland) Plc

  -- Series 2005-28 USD30,000,000 TIGERS Principal-Rated Index-
     Linked CDO Notes, Downgraded to B1; previously on March 9,
     2009 Downgraded to Ba3

Moody's explained that the rating action taken is the result of
the deterioration of the credit quality of the reference
portfolio.  The 10 year weighted average rating factor of the
portfolio, not adjusted with forward looking measures, has
deteriorated from 1047 from the last rating action to 1210,
equivalent to an average rating of the current portfolio of Ba2.
Entities with Caa ratings account for 2.4% of the reference
portfolio.  Since the last rating action on the transaction, the
subordination of the rated tranche has been reduced due to credit
event on CIT Group Inc.  This credit event leads to a decrease of
0.26% of the subordination.  The tranche now has a subordination
of 4.9% and a thickness of 3.0%.  The Insurance,
Telecommunications, Retail and Banking industry sectors are the
most represented, weighting 8.8%, 8.8%, 8.0% and 7.2%,
respectively, of the portfolio initial notional.


TONY GRAY: High Court Approves Scheme of Arrangement
----------------------------------------------------
InsolvencyJournal.ie reports that the High Court approved the
scheme of arrangement in the Tony Gray and Sons Limited
examinership.

According to the report, in the Tony Gray & Sons examinership, the
scheme had been challenged by an unsecured creditor but
Mr. Justice Clarke approved the scheme only because it provided
for the company's secured bank debt to be paid in full.

The report recalls the company had been trading successfully for
51 years but it met with a number of practical difficulties which
led to its insolvency.  Business had fallen off considerably and,
following a devastating fire and two break-ins in 2008, the
company entered examinership in August 2009 after an independent
accountant's report stated the firm had a reasonable prospect of
survival, the report recounts.

The company, the report says, owed its secured creditor EUR1.4
million, secured with a fixed charge on its premises but these
premises were now only worth EUR700,000.

The scheme of arrangement, drawn up by examiner Neil Hughes of
Hughes Blake, allowed for repayments to commence on half of the
secured debt immediately, with a two year moratorium on capital
and interest payments on the second half of the debt, the report
states.  The full EUR1.4 million bank debt was to become payable
by the company from January 2012, the report notes.

Meath-based Tony Gray and Sons Limited -- http://www.tonygray.ie/
-- manufactures and exports of one of the most comprehensive range
of Truck Bodies and Trailers in the British isles.


=========
I T A L Y
=========


IT HOLDING: In Talks with Unions to Cut 40% of Workforce
--------------------------------------------------------
Andrew Roberts at Bloomberg News reports that IT Holding SpA is in
talks with unions to cut 450 jobs, or 40% of its workforce.

According to Bloomberg, Andrea Ciccoli, one of three government-
appointed commissioners, on Sunday said the company will submit
plans for its knitwear brand Malo, Ferre and production unit
Ittierre to Italy's Industry Ministry for approval by Feb. 1.

"Everything is underway," Bloomberg quoted Mr. Ciccoli as saying.

Bloomberg notes Mr. Ciccoli said negotiations to reduce the
workforce "is underway."  "As soon as we finalize it, we can move
forward."

Mr. Ciccoli, as cited by Bloomberg, said Malo has already
attracted a lot of interest from potential investors.

Bloomberg recalls IT Holding was granted bankruptcy protection in
February along with all of its units after failing to make
payments to lenders and suppliers.

                       About IT Holding SpA

Based in Milan, Italy, IT Holding SpA (BIT:ITH) --
http://www.itholding.com/-- operates in the luxury goods market.
The company and its subsidiaries design, produce and distribute
apparel, accessories, eyewear and perfumes.  Its brand portfolio
embraces: owned brands, Gianfranco Ferre, Malo, Exte, as well as
licensed brands, Versace Jeans Couture, Versace Sport, Just
Cavalli, C'N'C Costume National and Galliano.  The company's
production facilities are located in Italy.  IT Holding SpA has a
worldwide distribution network, including 39 directly operated
stores, 274 monobrand stores and over 6,000 department and
specialty stores.  In order to be present in the most significant
markets, IT Holding SpA has dedicated market companies: ITTIERRE
SpA, ITTIERRE France SA, ITTIERRE Moden GmbH, IT USA HOLDING Inc
and IT Asia Pacific Limited, among others.


=====================
N E T H E R L A N D S
=====================


TELECONNECT INC: Auditors Raise Going Concern Doubt
---------------------------------------------------
Coulter & Justus, P.C., in Knoxville, Tennessee, expressed
substantial doubt about Teleconnect Inc. and subsidiaries' ability
to continue as a going concern after auditing the Company's
consolidated financial statements as of and for the years ended
September 30, 2009, and 2008.  The independent public accounting
firm pointed to the Company's recurring losses and net capital
deficiency in addition to a working capital deficiency.

The Company reported a net loss of US$1,828,443 on sales of
US$361,989 for the year ended September 30, 2009, compared to a
net loss of US$3,510,739 on sales of US$181,935 for the year ended
September 30, 2008.

Net loss before discontinued operations was US$1,597,872 in fiscal
2009, compared to US$2,075,551 in the previous fiscal period.

In fiscal 2009 the Company reported a net loss from discontinued
operations of US$230,571 compared to a net loss of US$1,435,188
during fiscal 2008.

In March 2009, the Company entered into an agreement to sell ITS
Europe, Teleconnect Spain, Teleconnect Telecom and Recarganet to
certain employees and officers of Teleconnect Spain with the
Company retaining 10% of Teleconnect SA.

The sale of ITS Europe to certain employees and officers of
Teleconnect Spain and the assumption of ITS Europe debts was
completed on May 14, 2009.

                          Balance Sheet

At September 30, 2009, Teleconnect Inc.'s consolidated balance
sheet showed US$3,765,332 in total assets and US$7,164,986 in
total current liabilities, resulting in a US$3,399,654
shareholders' deficit.

The Company reported current assets of US$2,608,875 and current
liabilities of US$7,164,986 at September 30, 2009, resulting in a
working capital deficit of US$4,556,111.  The Company reported a
working capital deficit of US$5,287,306 at September 30, 2008.

A full-text copy of the Company's annual report on Form 10-K is
available at no charge at http://researcharchives.com/t/s?4d75

                      About Teleconnect Inc.

Based in Breda, The Netherlands, Teleconnect Inc. (OTC: TLCO) --
http://teleconnect.es/-- through its subsidiary, PhotoWizz BV,
engages in the sale of multimedia kiosks and hardware components
to the suppliers of retail chains in the Netherlands.


===============
S L O V E N I A
===============


ISTRABENZ D.D.: Tomaz Berlocnik Named New CEO, STA Reports
----------------------------------------------------------
Boris Cerni at Bloomberg News, citing STA newswire, reports that
Istrabenz d.d. named Tomaz Berlocnik as chief executive officer of
the company.

Bloomberg relates the Ljubljana-based newswire said Mr. Berlocnik
will take over the helm of Istrabenz for a six-year term and will
replace Bogdan Topic, who was named CEO in May.

According to Bloomberg, STA said Mr. Berlocnik vowed to seek
agreement with Istrabenz creditors on a voluntary settlement of
the holding company's debt.

As reported by the Troubled Company Reporter-Europe, Bloomberg,
citing Boris Dolamic, the court-appointed receiver for Istrabenz,
said the company owes 19 banks in Slovenia EUR436 million (US$6
million).  The company declared insolvency in March.

Istrabenz dd -- http://www.istrabenz.si/-- is a Slovenia-based
holding responsible for the asset management and supervision of
the Istrabenz Group members.  The Company has developed
investments in the number of divisions: Energy, which covers the
gas business, production and distribution of energy, transshipment
and storage of oil derivatives; Tourism, which offers hotel,
catering, wellness and congress services; Investments, which deals
with advertising, financial services and technical consulting;
Food, which markets food products, and Information Technology that
provides information support to the companies of the Istrabenz
Group.  As of December 31, 2008 Istrabenz Group comprised 77
companies.  The Company operates a number of subsidiaries,
including wholly owned Istrabenz Turizem dd and Istrabenz Marina
Invest doo.


=========
S P A I N
=========


AVENIDA M40: Enters Into Insolvency Proceedings
-----------------------------------------------
Jim Silver at Bloomberg News reports that Sonae Sierra SGPS SA
said Avenida M40 on Friday entered into insolvency proceedings.

According to Bloomberg, Sonae Sierra said in a filing with the
Portuguese securities regulator that it controls 50.1% of Avenida
M40 through the Sierra Fund.

Sonae Sierra is based in Maia, Portugal.

Avenida M40 is a Spanish company that owns the Avenida M40
shopping center in Madrid.


===========================
U N I T E D   K I N G D O M
===========================


CODEMASTERS SOFTWARE: Close to Secure Cash Injection
----------------------------------------------------
James Ashton at The Sunday Times reports that Codemasters Software
Company Limited is close to securing a cash injection.

According to the report, the company will shortly announce a new
investor as part of efforts to rebuild its balance sheet.

The report notes existing backers Balderton Capital and Goldman
Sachs will also inject new funds but their investment will be
heavily diluted by the restructuring.

The report says expansions plans and tough trading left the
company short of money.

Warwickshire-based Codemasters Software Company Limited --
http://www.codemasters.co.uk/-- develops and publishes games for
consoles and PCs, as well as handheld devices.  Supported
platforms include Sony's, Microsoft's, and Nintendo's.
Codemasters is behind such titles as the Prisoner of War, DiRT, F1
2009, Operation Flashpoint, Overlord, and Pop Idol (featuring a
computer-generated Simon Cowell spewing insults).  In June 2007
the company was acquired by Balderton Capital.


CORSAIR NO 2: S&P Cuts Ratings on Three Series of Notes to 'D'
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its ratings on three
series of notes issued by Corsair (Jersey) No. 2 Ltd. to 'D' from
'CCC-'.

The rating downgrades reflect the realization of an interest loss
incurred by the investor.  The portfolios in the transactions had
suffered several credit events, which have resulted in an
aggregate loss that exceeded the available subordination and
reduced the principal amount of the notes in each series.  This
has led to an interest payment shortfall on the most recent
interest payment date of each series.

The rating actions on the affected transactions are:

Ratings Lowered:

                    Corsair (Jersey) No. 2 Ltd.

     Name                              Rating To   Rating From
     ----                              ---------   -----------
     Series 88                         D           CCC-
     Series 90                         D           CCC-
     Series 97                         D           CCC-


EUROPEAN PRIME: Fitch Junks Rating on Class D Tranche From 'BB'
---------------------------------------------------------------
Fitch Ratings has downgraded the outstanding tranches of European
Prime Real Estate No. 1 plc;

  -- GBP250.37 million class A (XS0225549301) downgraded to 'AA'
     from 'AAA'; Outlook Negative

  -- GBP17.72 million class B (XS0225549566) downgraded to 'BBB'
     from 'AA'; Outlook Negative

  -- GBP22.46 million class C (XS0225549723) downgraded to 'CCC'
     from 'A'; assigned Recovery Rating 'RR4'

  -- GBP11.55 million class D (XS0225550143) downgraded to 'CC'
     from 'BB'; assigned Recovery Rating 'RR6'

The downgrade reflects continued deteriorating performance of the
Halton Lea Shopping Centre loan and the Grays Shopping Centre loan
over the past 12 months.

The Halton Lea Shopping Centre loan was transferred to special
servicing in July 2008 due to a breach of its interest coverage
ratio covenant that arose following an increase in non-recoverable
costs.  The borrower initially proposed that funds be deposited
into an escrow account, and that such funds be used to cure an ICR
breach, if necessary, on a quarterly basis; however, it
subsequently advised that the necessary funds were not available
and was also unable to pay certain supplier invoices that
threatened the continued operation of the centre and,
consequently, the loan was then accelerated by the servicer and a
receiver appointed.  The receiver has identified a number of
opportunities to improve cash flow although, as yet, little
information has been provided as to what has been done.  A July
2009 revaluation of the property resulted in an LTV of 125%,
reflecting a market value decline of 50% since closing and
significantly increasing the refinancing risk of this loan.  The
loan is set to mature in October 2010.

In December 2009, the borrower on the Grays Shopping Centre loan
informed the servicer that it would be unable to repay the loan at
maturity.  The loan has subsequently been transferred to special
servicing and, since then, the borrower has requested a loan
extension.  The special servicers have not yet decided on an
appropriate course of action.  The loan, due to mature in April
2010, currently reports an LTV of 63.6%, compared to Fitch's
estimate of 139%, reflecting an MVD of 54% since closing.  In
Fitch's opinion, therefore, there is a significant level of
refinance risk associated with this loan at its impending maturity
date.

The St Enoch Shopping Centre loan is secured by a shopping centre
located on Glasgow's prime retail strip.  Re-development work at
the centre, which was responsible for a 20% fall in income since
closing, was finally completed in November 2010.  Approximately
55% of the new mall area has either been pre-let or is currently
under offer, and an additional 21% of space is currently under
negotiation.  Vacancy at the centre has fallen, and the income is
set to increase further following the expiry of 12-month rent free
periods and other incentives which have been granted on a number
of new leases.

The performance of the other loans (Lloyds Building, Normandy
House) has been stable since closing.  The Lloyds Building loan,
(49% of the portfolio) was originated in January 2005 and the City
of London office property that secures it was valued in December
2004.  Although the property has not been re-valued since this
date, it is likely that recent value declines have not yet fully
offset the value gains that occurred between the end of 2004 and
mid-2007.  The property is fully let to The Society of Lloyds
('A'/Outlook Stable) until 2031, with a break option in 2021.

The five loans have a weighted average loan-to-value ratio of
72.1% as reported by the servicer based on valuations as at
closing, in all loans except the Halton Lea Shopping Centre.


KERLING PLC: S&P Assigns 'CCC' Long-Term Corporate Credit Rating
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it has assigned its
'CCC' long-term corporate credit rating to United Kingdom-based
PVC chemical company Kerling PLC.  The rating is on CreditWatch
with developing implications, pending the potential bond issue.

At the same time, S&P assigned this preliminary debt ratings:

* 'B+' to the pending EUR100 million senior secured revolving
  credit facility.  The recovery rating on this instrument is '1',
  reflecting Standard & Poor's expectation of very high (90%-100%)
  recovery in the event of a payment default.

* 'B-' to the pending EUR785 million senior secured fixed rate
  note with a recovery rating of '3' reflecting S&P's expectation
  of meaningful recovery in the event of a payment default--i.e.
  at the low end of the 50%-70% range.

The 'CCC' corporate credit rating on Kerling reflects the
company's material and short-term refinancing needs.  All
financial debt (about EUR500 million of bank loans) matures in
October 2010 and Kerling needs the banks' approval every three
months to roll over the debt.  Kerling expects to refinance this
through the planned EUR785 million bond.  Proceeds will also
finance the acquisition of Ineos Group's ChlorVinyls assets,
creating the leading European PVC producer.

Assuming the planned bond is successful and its terms and
conditions, as well as other assumptions (including the auditors'
opinion), are in line with the preliminary information S&P has
received, S&P would raise its corporate credit rating on Kerling
to 'B-' with a stable outlook.  This would reflect a "fair"
business risk profile and a "highly leveraged" financial risk
profile.

In S&P's opinion, the main rating driver relates to Kerling's
links with Ineos Group Holdings PLC (CCC+/Negative/--), a sister
company which may face debt restructuring in 2010 or 2011.

"Although Kerling's debts include various restrictive covenants
which aim to mitigate such risks, S&P think some uncertainty
remains," said Standard & Poor's credit analyst Lucas S‚venin.
"For example, if Ineos were to default, the planned sale of Ineos
ChlorVinyls to Kerling might be compromised, despite a fairness
opinion on the valuation."

The stable outlook would mean that S&P would not necessarily lower
the rating on Kerling if Ineos' ratings were lowered.  Were Ineos
to default, S&P would probably revise the outlook to negative to
reflect above-mentioned uncertainties.

"We expect to resolve the CreditWatch status after Kerling's
planned bond issuance and once a clean audit opinion has been
provided, possibly by mid-January," said Mr. S‚venin.


LOMBARD MEDICAL: To Raise GBP13MM In Placing & Subscription Offer
-----------------------------------------------------------------
David Blackwell at The Financial Times reports that Lombard
Medical Technologies plc, the Aim-quoted medical device company,
is to raise GBP13 million (US$21 million) through a placing and
subscription offer in order to avoid running short of working
capital.

The placing is priced at 1p a share, the FT discloses.

According to the FT, the company, which has never made a profit,
believes the funds will take it through to the end of next year
and US approval for its Aorfix stent, used in the treatment of
aortic aneurisms.

The FT notes that while sales of the stent were improving in its
five main European markets up to November, the company said "a
lack of sales promotion resources, combined with the generally
declining European market conditions, uncertainty about the
company's finances and the holiday season has made this growth
temporarily unsustainable".

Sales for last year are expected to fall below analysts'
expectations of GBP2.7 million, the FT says.

Lombard Medical Technologies PLC -- http://www.lombardmedical.com/
-- is a specialist cardiovascular device and polymer coatings
company, which focuses on discovering, developing and
commercializing products that address the needs of medical
professionals across the world.  LMT's Polymer Coatings Division
concentrates on drug delivery polymers with programmable elution
profile (PEP) technology that allows several drugs to be released
from a coating at different times and in different quantities.
LMT;s product is Aorfix, an endovascular stent graft for the
treatment of abdominal aortic aneurysms.  EndoRefix is an
endovascular stapling device that has Conformite Europeene (CE)
Mark approval for the fixation of endovascular stent grafts.
Thoracic Aorfix is the development of an endovascular stent graft
for the treatment of thoracic aortic aneurysms (TAAs).  In
November 2009, the Company completed the sale of its polymer
coatings business to Bayer AG's Bayer MaterialScience AG (BMS).


TATA STEEL: Corus Extends TCP Plant Operations
----------------------------------------------
Chris Tighe at The Financial Times reports that an eleventh-hour
extension of operations was granted Friday to the threatened
Teesside Cast Products plant by Tata Steel's Corus.

According to the FT, mothballing of the steel slab maker, which
would result in 1,520 direct redundancies and as many job losses
again indirectly, was due to take place at the end of this month
but has now been pushed back to late February.

The FT relates Redcar Labour MP Vera Baird said this would
facilitate inquiries into rebuilding the negotiations on a sale of
the plant which broke down, triggering last month's mothballing
announcement.

Unions will also investigate whether there are other potential
buyers, the FT says.

Headquartered in Mumbai, India, Tata Steel Limited --
http://www.tatasteel.com/-- is a diversified steel producer.  It
has operations in 24 countries and commercial presence in over 50
countries.  Its operations predominantly relate to manufacture of
steel and ferro alloys and minerals business. Other business
segments comprises of tubes and bearings.  On April 2, 2007, Tata
Steel UK Limited (TSUK), a subsidiary of Tulip UK Holding No.1,
which in turn is a subsidiary of Tata Steel completed the
acquisition of Corus Group plc.  Tata Metaliks Limited, which is
engaged in the business of manufacturing and selling pig iron,
became a subsidiary of the Company with effect from February 1,
2008.  In September 2008, the Company acquired a 7.3% interest in
Riversdale Mining Ltd.

                           *     *     *

As reported in the Troubled Company Reporter-Asia on June 10,
2009, Moody's Investors Service downgraded the corporate family
rating of Tata Steel Ltd to Ba3 from Ba2.  Moody's said the rating
outlook is stable.


TIME OUT: Founder Tony Elliott to Inject GBP3 Mln to Cover Losses
-----------------------------------------------------------------
Victoria Gallagher at The Bookseller reports that Tony Elliott,
founder and chairman of  Time Out Group Ltd., is to put GBP3
million into the company in an attempt to cover losses and keep
the company running as a "going concern".

According to the report, the company's net loss for the financial
year after taxation more than doubled to GBP3 million.

The report relates Mr. Elliott said the GBP3 million he was
putting into the business would be "coming very soon".

"I'm putting in money to reduce bank debt, it's a vote of
confidence," the report quoted Mr. Elliot as saying.

In addition, shareholders have also committed to put money into
its US businesses Time Out New York and Time Out Chicago, the
report notes.

The report recalls on December 31, 2008 Time Out's liabilities
exceeded its assets by more than GBP10.5 million, resulting in its
auditor warning on its accounts of "a material uncertainty which
may cast significant doubt about the company's ability to continue
as a going concern".

According to the report, the accounts state that on the basis of
this commitment, the group's bankers have agreed to renew the
company's overdraft to assist in managing the day to day working
capital of the business.  The company will therefore be able to
remain a "going concern," the report discloses.

Time Out Group Ltd. -- http://www.timeout.com/-- publishes
destination guides to the world's top cities, ranking the best
restaurants, hotels, and sights.  It publishes more than 100 books
for more than 50 international cities.  The company also publishes
weekly magazines such as Time Out London and Time Out Chicago; its
"Time Out New York" (or "TONY") magazine is produced through the
company's partially-owned Time Out New York Partners business.
Time Out Group's digital holdings include some 20 local city
sites, including London, Dubai, Sydney, and Beijing, that offer
theater ticket sales and film listings, and online reviews of
shopping, movie, and dining options.


UBER MASSCLUSIVE: In Administration; PwC Appointed
--------------------------------------------------
Simon Binns at Crain's Manchester Business reports that Uber
Massclusive (UK) Ltd. has gone into administration.

The report relates Nicholas Reed and David Kelly, from the Leeds
and Manchester offices of PricewaterhouseCoopers LLP respectively,
have been appointed administrators of the company.

According to the report, the latest set of accounts for the
company, filed in October 2009 and covering the year to
November 30, 2008, showed that it lost GBP296,000 for that period.

The report says the company owed GBP3.9 million to creditors
within the next 12 months and a further GBP2.6 million was due
after that period.  The debt included an amount of GBP4.9 million,
for which security had been given to one of the firm's banks,
Lloyds TSB and Barclays, although the accounts do not make clear
which one, the report notes.

Auditors at Huddersfield-based Sheards said that the loss and
debts meant the company has exceeded its assets, worth
GBP6.1 million, by more than GBP360,000, the report states. This
placed "significant doubt" on the company's ability to continue as
a going concern and meant it was reliant upon the support of its
bankers and finance providers, the report discloses.

Uber Massclusive (UK) Ltd. is a Huddersfield-based developer.  It
owned several development sites in Bolton and Oldham.  The company
is owned by directors Wayne Nicholas, Richard Sommerville and Neil
Livesey.


UNITED UTILITIES: May Cut 20% of 9,000 Workforce
------------------------------------------------
The Scotsman reports that United Utilities could shed up to 20% of
its workforce.

According to the report, the group is understood to be mulling
over a cost-cutting scheme that could see it slash its 9,000
workforce.

The report says the firm is believed to be gearing up to agree to
an Ofwat decision that would see it reduce customer bills by 0.4%
in real terms in 2011-15.

United Utilities Group PLC (United Utilities), formerly United
Utilities PLC, is -- http://www.unitedutilities.com/-- engaged in
water business.  The Company owns and operates water and
wastewater assets and also manages infrastructure for other
businesses, predominantly within the United Kingdom.  United
Utilities is organized in two divisions, being regulated and non-
regulated activities.  The regulated activities segment includes
the regulated results of United Utilities Water PLC (UUW).  The
non-regulated activities segment includes the Company's utility
outsourcing contracts in the United Kingdom and overseas.  In
addition, the other activities segment includes the results of
United Utilities Property Solutions Limited, United Utilities
Group PLC and other group holding companies.


UV MODULAR: In Receivership; 140 Jobs Affected
----------------------------------------------
The Huddersfield Daily Examiner reports that UV Modular has gone
into receivership, resulting in the loss of up to 140 jobs.

The report recalls that less than a year ago, the company had
secured a multi-million pound deal to supply ambulances to health
chiefs in Scotland, but staff learned of the massive problems on
Friday.

UV Modular specializes in the design, development, manufacture and
supply of ambulances and personnel transport systems for the
healthcare market.


WHITE TOWER: Fitch Affirms Ratings on Two Tranches at 'C'
---------------------------------------------------------
Fitch Ratings has affirmed all five tranches of White Tower 2006-3
plc's CMBS note classes, due 2012.  Fitch has simultaneously
removed all the tranches from Rating Watch Negative, and assigned
Negative Outlooks to the class A and B notes.  Recovery Ratings
have been assigned to the class C, D and E notes.  The rating
actions are:

  -- GBP666.8 million class A (XS0275770914) affirmed at 'A';
     removed from RWN; assigned Negative Outlook

  -- GBP171.5 million class B (XS0275771649) affirmed at 'B';
     removed from RWN; assigned Negative Outlook

  -- GBP116.0 million class C (XS0275772704) affirmed at 'CCC';
     removed from RWN; assigned 'RR4'

  -- GBP116.0 million class D (XS0275773181) affirmed at 'C';
     removed from RWN; assigned 'RR6'

  -- GBP68.0 million class E (XS0275774072) affirmed at 'C';
     removed from RWN; assigned 'RR6'

Fitch has been informed by the trustee, that the class A and class
B Extraordinary Resolution has been passed by noteholders and that
the resulting amendments to the loan documentation have been
executed.  This has resolved the uncertainty surrounding the post-
enforcement loan-level waterfall and the interpretation of the
intercreditor agreement, resulting in the affirmation of all
tranches and the removal of the RWN.

The amendment to the waterfall is such that, from the January 2010
interest payment date, funds will be applied first to pay interest
due on the senior loan and second to amortize the senior loan.
Consequently, at the note level available proceeds will first be
used to pay interest due on all outstanding notes and second, to
pay principal on the most senior class of notes.

Prior to the passing of the ER, the post-enforcement loan-level
waterfall specified that, should there be insufficient funds to
pay the full amounts of interest and principal due on the senior
loan, funds would be allocated pro rata between interest and
principal.  Given that the principal amount due -- the entire loan
balance (GBP1,138 million) -- dwarfs the quarterly interest
obligations, this would effectively have resulted in the majority
of funds being allocated as principal.  As the distribution of
interest and principal at note level occurs via two separate
waterfalls, this would in turn have resulted in a larger-than-
expected paydown of the bonds combined with an interest shortfall
on all note classes.

The special servicer also confirmed that on the January 2010 IPD,
the amount reserved in escrow at the October 2009 IPD will be used
to repay the drawing on the liquidity facility.


===============
X X X X X X X X
===============


* Large Companies with Insolvent Balance Sheet
----------------------------------------------

                                    Total
                                    Shareholders  Total
                                    Equity        Assets
  Company           Ticker          (US$)         (US$)
  -------           ------          ------        ------

AUSTRIA
-------
LIBRO AG            LIBR AV        -109013328 171684389.1
LIBRO AG            LIB AV         -109013328 171684389.1
LIBRO AG            LB6 GR         -109013328 171684389.1
LIBRO AG            LBROF US       -109013328 171684389.1
SKYEUROPE           SKYP PW      -89480486.93 159076577.5
SKYEUROPE           SKY PW       -89480486.93 159076577.5
SKYEUROPE HLDG      SKYA PZ      -89480486.93 159076577.5
SKYEUROPE HLDG      S8E GR       -89480486.93 159076577.5
SKYEUROPE HLDG      SKY EO       -89480486.93 159076577.5
SKYEUROPE HLDG      SKY AV       -89480486.93 159076577.5
SKYEUROPE HLDG      SKY LI       -89480486.93 159076577.5
SKYEUROPE HLDG      SKURF US     -89480486.93 159076577.5
SKYEUROPE HLDG      SKYPLN EO    -89480486.93 159076577.5
SKYEUROPE HLDG      SKYV IX      -89480486.93 159076577.5
SKYEUROPE HLDG      SKY EU       -89480486.93 159076577.5
SKYEUROPE HLDG      SKYPLN EU    -89480486.93 159076577.5
SKYEUROPE HOL-RT    SK1 AV       -89480486.93 159076577.5

BELGIUM
-------
SABENA SA           SABA BB      -84766501.61  2196477161

CYPRUS
------
LIBRA HOLIDA-RTS    LBR CY        -27821889.5   240947718
LIBRA HOLIDA-RTS    LGWR CY       -27821889.5   240947718
LIBRA HOLIDAY-RT    3167808Z CY   -27821889.5   240947718
LIBRA HOLIDAYS      LHGCYP EO     -27821889.5   240947718
LIBRA HOLIDAYS      LHGCYP EU     -27821889.5   240947718
LIBRA HOLIDAYS      LHGR CY       -27821889.5   240947718
LIBRA HOLIDAYS G    LHG PZ        -27821889.5   240947718
LIBRA HOLIDAYS G    LHG EO        -27821889.5   240947718
LIBRA HOLIDAYS G    LHG CY        -27821889.5   240947718
LIBRA HOLIDAYS G    LHG EU        -27821889.5   240947718
LIBRA HOLIDAYS-P    LBHG CY       -27821889.5   240947718
LIBRA HOLIDAYS-P    LBHG PZ       -27821889.5   240947718

CZECH REPUBLIC
--------------
CKD PRAHA HLDG      CKDH CP      -89435858.16   192305153
CKD PRAHA HLDG      CDP EX       -89435858.16   192305153
CKD PRAHA HLDG      297687Q GR   -89435858.16   192305153
CKD PRAHA HLDG      CKDH US      -89435858.16   192305153
CKD PRAHA HLDG      CKDPF US     -89435858.16   192305153
SETUZA AS           SETUZA CP    -61453764.17 138582273.6
SETUZA AS           SZA EX       -61453764.17 138582273.6
SETUZA AS           SZA GR       -61453764.17 138582273.6
SETUZA AS           2994763Q EU  -61453764.17 138582273.6
SETUZA AS           2994755Q EU  -61453764.17 138582273.6
SETUZA AS           2994759Q EO  -61453764.17 138582273.6
SETUZA AS           2994767Q EO  -61453764.17 138582273.6
SETUZA AS           SETU IX      -61453764.17 138582273.6
SETUZA AS           SETUZA PZ    -61453764.17 138582273.6

DENMARK
-------
ELITE SHIPPING      ELSP DC      -27715991.74 100892900.3
ROSKILDE BANK       ROSBF US     -532868894.9  7876687324
ROSKILDE BANK       ROSK PZ      -532868894.9  7876687324
ROSKILDE BANK       ROSK EO      -532868894.9  7876687324
ROSKILDE BANK       ROSKF US     -532868894.9  7876687324
ROSKILDE BANK       ROSK EU      -532868894.9  7876687324
ROSKILDE BANK       ROSK DC      -532868894.9  7876687324
ROSKILDE BANK       RKI GR       -532868894.9  7876687324
ROSKILDE BANK       RSKC IX      -532868894.9  7876687324
ROSKILDE BANK-RT    916603Q DC   -532868894.9  7876687324
ROSKILDE BAN-NEW    ROSKN DC     -532868894.9  7876687324
ROSKILDE BAN-RTS    ROSKT DC     -532868894.9  7876687324

FRANCE
------
CARRERE GROUP       CAR FP       -9829592.638   279906700
CARRERE GROUP       CRGP IX      -9829592.638   279906700
CARRERE GROUP       CARG FP      -9829592.638   279906700
CARRERE GROUP       XRR GR       -9829592.638   279906700
CARRERE GROUP       CAR2 EU      -9829592.638   279906700
CARRERE GROUP       CARF PZ      -9829592.638   279906700
CARRERE GROUP       CAR2 EO      -9829592.638   279906700
CARRERE GROUP       CRRHF US     -9829592.638   279906700
CHAINE ET TRAME     CTRM FP       -46169771.5 134467847.6
CHAINE ET TRAME     CHTR FP       -46169771.5 134467847.6
GRANDE PAROISSE     GDPA FP      -927267926.9   629287290
GRANDE PAROISSE     GAPA FP      -927267926.9   629287290
GRANDE PAROISSE     GDPXF US     -927267926.9   629287290
IMMOB HOTEL BALN    IMHB FP      -66874823.95 301323804.9
IMMOB HOTELIERE     IMMH IX      -66874823.95 301323804.9
IMMOB HOTELIERE     IMHO EO      -66874823.95 301323804.9
IMMOB HOTELIERE     IMBHF US     -66874823.95 301323804.9
IMMOB HOTELIERE     IMHO EU      -66874823.95 301323804.9
IMMOB HOTELIERE     IMHO PZ      -66874823.95 301323804.9
IMMOB HOTELIERE     IMHO FP      -66874823.95 301323804.9
IMMOB HOTELIERE     IMH GR       -66874823.95 301323804.9
IMMOB HOTELIERE     SIH FP       -66874823.95 301323804.9
LAB DOLISOS         LADL FP      -27752176.19 110485462.4
LAB DOLISOS         DOLI FP      -27752176.19 110485462.4
MATUSSIERE & FOR    MTUSF US     -77896683.67 293868350.8
MATUSSIERE & FOR    1007765Q FP  -77896683.67 293868350.8
MB RETAIL EUROPE    CTRF IX       -46169771.5 134467847.6
MB RETAIL EUROPE    MBRE FP       -46169771.5 134467847.6
MB RETAIL EUROPE    MBRE PZ       -46169771.5 134467847.6
MB RETAIL EUROPE    MBRE EO       -46169771.5 134467847.6
MB RETAIL EUROPE    MBRE EU       -46169771.5 134467847.6
NORTENE             NRTP IX      -35623999.56 117566786.9
NORTENE             NRTN FP      -35623999.56 117566786.9
NORTENE             NORT FP      -35623999.56 117566786.9
OROSDI              OROS FP       -7291.55004 131233317.6
OROSDI-BACK         ORBA FP       -7291.55004 131233317.6
OROSDI-BACK         OROS EO       -7291.55004 131233317.6
OROSDI-BACK         OROS EU       -7291.55004 131233317.6
OROSDI-BACK         OROS PZ       -7291.55004 131233317.6
OROSDI-BACK         BACK IX       -7291.55004 131233317.6
OUTSIDE LIVING I    NORT PZ      -35623999.56 117566786.9
OUTSIDE LIVING I    OLIN PZ      -35623999.56 117566786.9
OUTSIDE LIVING I    OLIN FP      -35623999.56 117566786.9
OUTSIDE LIVING I    NORT EU      -35623999.56 117566786.9
OUTSIDE LIVING I    NORT EO      -35623999.56 117566786.9
PAGESJAUNES         PGJUF US      -3303869370 970555919.3
PAGESJAUNES GRP     PAJ FP        -3303869370 970555919.3
PAGESJAUNES GRP     PAJ QM        -3303869370 970555919.3
PAGESJAUNES GRP     PAJ BQ        -3303869370 970555919.3
PAGESJAUNES GRP     PAJ VX        -3303869370 970555919.3
PAGESJAUNES GRP     PAJP IX       -3303869370 970555919.3
PAGESJAUNES GRP     PAJ EU        -3303869370 970555919.3
PAGESJAUNES GRP     PAJGBP EO     -3303869370 970555919.3
PAGESJAUNES GRP     PAJ NQ        -3303869370 970555919.3
PAGESJAUNES GRP     PAJ LI        -3303869370 970555919.3
PAGESJAUNES GRP     PAJGBX EO     -3303869370 970555919.3
PAGESJAUNES GRP     PAJ PZ        -3303869370 970555919.3
PAGESJAUNES GRP     PAJUSD EO     -3303869370 970555919.3
PAGESJAUNES GRP     PAJ EO        -3303869370 970555919.3
PAGESJAUNES GRP     PAJGBX EU     -3303869370 970555919.3
PAGESJAUNES GRP     QS3 GR        -3303869370 970555919.3
PAGESJAUNES GRP     PAJUSD EU     -3303869370 970555919.3
PAGESJAUNES GRP     PAJ IX        -3303869370 970555919.3
PAGESJAUNES GRP     PAJ TQ        -3303869370 970555919.3
PAGESJAUNES GRP     PAJ EB        -3303869370 970555919.3
RHODIA SA           RHA VX       -913748142.2  6150227880
RHODIA SA           RHAGBP EO    -913748142.2  6150227880
RHODIA SA           RHDI GR      -913748142.2  6150227880
RHODIA SA           RHA PZ       -913748142.2  6150227880
RHODIA SA           RHA BQ       -913748142.2  6150227880
RHODIA SA           RHA TQ       -913748142.2  6150227880
RHODIA SA           RHA QM       -913748142.2  6150227880
RHODIA SA           RHA EB       -913748142.2  6150227880
RHODIA SA           RHANR PZ     -913748142.2  6150227880
RHODIA SA           2324015Q EO  -913748142.2  6150227880
RHODIA SA           RHA NQ       -913748142.2  6150227880
RHODIA SA           RHAGBX EO    -913748142.2  6150227880
RHODIA SA           3218857Q IX  -913748142.2  6150227880
RHODIA SA           RHAUSD EU    -913748142.2  6150227880
RHODIA SA           2324011Q EU  -913748142.2  6150227880
RHODIA SA           RHA IX       -913748142.2  6150227880
RHODIA SA           RHA FP       -913748142.2  6150227880
RHODIA SA           RHADF US     -913748142.2  6150227880
RHODIA SA           RHD GR       -913748142.2  6150227880
RHODIA SA           RHAUSD EO    -913748142.2  6150227880
RHODIA SA           RHAY IX      -913748142.2  6150227880
RHODIA SA           RHDAF US     -913748142.2  6150227880
RHODIA SA           RHA EU       -913748142.2  6150227880
RHODIA SA           RHANR FP     -913748142.2  6150227880
RHODIA SA           RHA EO       -913748142.2  6150227880
RHODIA SA           RHAGBX EU    -913748142.2  6150227880
RHODIA SA - NEW     2335921Q FP  -913748142.2  6150227880
RHODIA SA - NEW     3506266Q FP  -913748142.2  6150227880
RHODIA SA - NEW     RHANV FP     -913748142.2  6150227880
RHODIA SA - NEW     3156011Q FP  -913748142.2  6150227880
RHODIA SA-ADR       RHAYY US     -913748142.2  6150227880
RHODIA SA-RIGHTS    653447Q FP   -913748142.2  6150227880
RHODIA SA-RIGHTS    RHADS FP     -913748142.2  6150227880
SDR CENTREST        117241Q FP   -132420119.6 252176017.2
SELCODIS            SLCO EO      -21481214.33 175720770.8
Selcodis            SPVX FP      -21481214.33 175720770.8
SELCODIS            SLCO EU      -21481214.33 175720770.8
SELCODIS            SLCO FP      -21481214.33 175720770.8
SELCODIS            SPVX IX      -21481214.33 175720770.8
SELCODIS            SLCO PZ      -21481214.33 175720770.8
THOMSON - NEW       2336061Q FP  -587281616.7  6690514315
THOMSON - NEW       TMSNV FP     -587281616.7  6690514315
THOMSON (EX-TMM)    TMSGBX EO    -587281616.7  6690514315
THOMSON (EX-TMM)    TNMA GR      -587281616.7  6690514315
THOMSON (EX-TMM)    TMS EU       -587281616.7  6690514315
THOMSON (EX-TMM)    TNM GR       -587281616.7  6690514315
THOMSON (EX-TMM)    TMMLF US     -587281616.7  6690514315
THOMSON (EX-TMM)    TMSUSD EO    -587281616.7  6690514315
THOMSON (EX-TMM)    TMS FP       -587281616.7  6690514315
THOMSON (EX-TMM)    TMSUSD EU    -587281616.7  6690514315
THOMSON (EX-TMM)    TMS TQ       -587281616.7  6690514315
THOMSON (EX-TMM)    TMS EB       -587281616.7  6690514315
THOMSON (EX-TMM)    TMS QM       -587281616.7  6690514315
THOMSON (EX-TMM)    TMMN FP      -587281616.7  6690514315
THOMSON (EX-TMM)    TMS EO       -587281616.7  6690514315
THOMSON (EX-TMM)    TMS GK       -587281616.7  6690514315
THOMSON (EX-TMM)    TMSGBX EU    -587281616.7  6690514315
THOMSON (EX-TMM)    TMM LN       -587281616.7  6690514315
THOMSON (EX-TMM)    TMSGBP EO    -587281616.7  6690514315
THOMSON (EX-TMM)    TMS PZ       -587281616.7  6690514315
THOMSON (EX-TMM)    TMS VX       -587281616.7  6690514315
THOMSON (EX-TMM)    TMS NQ       -587281616.7  6690514315
THOMSON (EX-TMM)    TMS BQ       -587281616.7  6690514315
THOMSON (EX-TMM)    TMM ES       -587281616.7  6690514315
THOMSON (EX-TMM)    TMM VX       -587281616.7  6690514315
THOMSON (EX-TMM)    TMS US       -587281616.7  6690514315
THOMSON (EX-TMM)    TMM IX       -587281616.7  6690514315
THOMSON MULT-ADR    TMS-P US     -587281616.7  6690514315
THOMSON MULTIMED    TMM FP       -587281616.7  6690514315
THOMSON MULTI-NE    ZTM FP       -587281616.7  6690514315
TROUVAY CAUVIN      ETEC FP      -396977.9956 133986439.7
TROUVAY CAUVIN      TVYCF US     -396977.9956 133986439.7

GEORGIA
-------
DEVELICA DEUTSCH    DDE IX       -107879893.8  1235370057
DEVELICA DEUTSCH    DDE PG       -107879893.8  1235370057
DEVELICA DEUTSCH    DDE PZ       -107879893.8  1235370057
DEVELICA DEUTSCH    D4B GR       -107879893.8  1235370057
DEVELICA DEUTSCH    DDE LN       -107879893.8  1235370057

GERMANY
-------
AGOR AG             DOO EU       -482446.6262 144432986.2
AGOR AG             DOO GR       -482446.6262 144432986.2
AGOR AG             NDAGF US     -482446.6262 144432986.2
AGOR AG             DOO EO       -482446.6262 144432986.2
AGOR AG             DOOD PZ      -482446.6262 144432986.2
AGOR AG             DOOG IX      -482446.6262 144432986.2
AGOR AG-RTS         2301918Z GR  -482446.6262 144432986.2
ALNO AG             ANO PZ       -68516656.94 290459933.8
ALNO AG             ANO GR       -68516656.94 290459933.8
ALNO AG             ANO EU       -68516656.94 290459933.8
ALNO AG             ALNO IX      -68516656.94 290459933.8
ALNO AG             ANO EO       -68516656.94 290459933.8
ALNO AG-NEW         ANO1 GR      -68516656.94 290459933.8
ALNO AG-RTS         2259765Z GR  -68516656.94 290459933.8
BROKAT AG           BKISF US     -27139391.98 143536859.7
BROKAT AG           BROAF US     -27139391.98 143536859.7
BROKAT AG           BRKAF US     -27139391.98 143536859.7
BROKAT AG           BROFQ US     -27139391.98 143536859.7
BROKAT AG -NEW      BRJ1 NM      -27139391.98 143536859.7
BROKAT AG -NEW      BRJ1 GR      -27139391.98 143536859.7
BROKAT AG-ADR       BROA US      -27139391.98 143536859.7
BROKAT TECH -ADR    BROAQ US     -27139391.98 143536859.7
BROKAT TECH AG      BRJ NM       -27139391.98 143536859.7
BROKAT TECH AG      BSA LN       -27139391.98 143536859.7
BROKAT TECH AG      BRJ GR       -27139391.98 143536859.7
BROKAT TECH-ADR     BRJA GR      -27139391.98 143536859.7
CBB HOLDING AG      COBG PZ      -42994732.85 904723627.8
CBB HOLDING AG      COB2 EO      -42994732.85 904723627.8
CBB HOLDING AG      COB2 EU      -42994732.85 904723627.8
CBB HOLDING AG      COB GR       -42994732.85 904723627.8
CBB HOLDING AG      CUBDF US     -42994732.85 904723627.8
CBB HOLDING AG      COBG IX      -42994732.85 904723627.8
CBB HOLDING-NEW     COB3 GR      -42994732.85 904723627.8
CBB HOLDING-NEW     COB1 GR      -42994732.85 904723627.8
CBB HOLD-NEW 97     COB2 GR      -42994732.85 904723627.8
CINEMAXX AG         MXC EO       -42008900.33 144431938.3
CINEMAXX AG         MXCG IX      -42008900.33 144431938.3
CINEMAXX AG         CNEMF US     -42008900.33 144431938.3
CINEMAXX AG         MXCUSD EU    -42008900.33 144431938.3
CINEMAXX AG         MXC EU       -42008900.33 144431938.3
CINEMAXX AG         MXC GR       -42008900.33 144431938.3
CINEMAXX AG         MXC PZ       -42008900.33 144431938.3
CINEMAXX AG         MXCUSD EO    -42008900.33 144431938.3
CINEMAXX AG-RTS     MXC8 GR      -42008900.33 144431938.3
DORT ACTIEN-BRAU    944167Q GR   -12689156.29 117537053.7
DORT ACTIEN-RTS     DAB8 GR      -12689156.29 117537053.7
EDOB ABWICKLUNGS    ESC BQ       -22323463.23 425598807.8
EDOB ABWICKLUNGS    ESC TQ       -22323463.23 425598807.8
EDOB ABWICKLUNGS    ESC EO       -22323463.23 425598807.8
EDOB ABWICKLUNGS    ESC PZ       -22323463.23 425598807.8
EDOB ABWICKLUNGS    ESC EU       -22323463.23 425598807.8
EDOB ABWICKLUNGS    ESC GR       -22323463.23 425598807.8
EDOB ABWICKLUNGS    ESCDF US     -22323463.23 425598807.8
EM.TV & MERCHAND    ETV NM       -22067409.41 849175624.7
EM.TV & MERCHAND    EMTVF US     -22067409.41 849175624.7
EM.TV & MERCHAND    985403Q GR   -22067409.41 849175624.7
EM.TV & MERCHAND    ETVMF US     -22067409.41 849175624.7
EM.TV & MERCHAND    ETV LN       -22067409.41 849175624.7
EM.TV & MERCHAND    ETV VX       -22067409.41 849175624.7
EM.TV & MERC-NEW    ETV1 NM      -22067409.41 849175624.7
EM.TV & MERC-NEW    ETV1 GR      -22067409.41 849175624.7
EM.TV & MERC-RTS    ETV8 GR      -22067409.41 849175624.7
EM.TV & MERC-RTS    ETV8 NM      -22067409.41 849175624.7
ESCADA AG           ESCG IX      -22323463.23 425598807.8
ESCADA AG -PFD      ESC3 GR      -22323463.23 425598807.8
ESCADA AG-NEW       3069367Q GR  -22323463.23 425598807.8
ESCADA AG-NEW       ESCN GR      -22323463.23 425598807.8
ESCADA AG-NEW       ESCD GR      -22323463.23 425598807.8
ESCADA AG-NEW       835345Q GR   -22323463.23 425598807.8
ESCADA AG-NEW       ESCC GR      -22323463.23 425598807.8
ESCADA AG-NEW       ESCN EO      -22323463.23 425598807.8
ESCADA AG-NEW       ESCN EU      -22323463.23 425598807.8
ESCADA AG-RTS       ESCE GR      -22323463.23 425598807.8
ESCADA AG-SP ADR    ESCDY US     -22323463.23 425598807.8
KAUFRING AG         KFR GR       -19296489.56 150995473.8
KAUFRING AG         KFR PZ       -19296489.56 150995473.8
KAUFRING AG         KFR EU       -19296489.56 150995473.8
KAUFRING AG         KAUG IX      -19296489.56 150995473.8
KAUFRING AG         KFR EO       -19296489.56 150995473.8
MANIA TECHNOLOGI    MNIG IX       -35060806.5 107465713.6
MANIA TECHNOLOGI    MNI NM        -35060806.5 107465713.6
MANIA TECHNOLOGI    MNI GR        -35060806.5 107465713.6
MANIA TECHNOLOGI    MIAVF US      -35060806.5 107465713.6
MANIA TECHNOLOGI    MNI1 EO       -35060806.5 107465713.6
MANIA TECHNOLOGI    2260970Z GR   -35060806.5 107465713.6
MANIA TECHNOLOGI    MNI PZ        -35060806.5 107465713.6
MANIA TECHNOLOGI    MNI1 EU       -35060806.5 107465713.6
MATERNUS KLINI-N    MAK1 GR      -17804909.71 189933668.6
MATERNUS-KLINIKE    MAKG IX      -17804909.71 189933668.6
MATERNUS-KLINIKE    MAK EO       -17804909.71 189933668.6
MATERNUS-KLINIKE    MNUKF US     -17804909.71 189933668.6
MATERNUS-KLINIKE    MAK EU       -17804909.71 189933668.6
MATERNUS-KLINIKE    MAK GR       -17804909.71 189933668.6
MATERNUS-KLINIKE    MAK PZ       -17804909.71 189933668.6
NORDAG AG           DOO1 GR      -482446.6262 144432986.2
NORDAG AG-PFD       DOO3 GR      -482446.6262 144432986.2
NORDAG AG-RTS       DOO8 GR      -482446.6262 144432986.2
NORDSEE AG          533061Q GR   -8200552.046 194616922.6
PRIMACOM AG         PRC EO       -18656728.68 610380925.7
PRIMACOM AG         PRC EU       -18656728.68 610380925.7
PRIMACOM AG         PCAGF US     -18656728.68 610380925.7
PRIMACOM AG         PRCG PZ      -18656728.68 610380925.7
PRIMACOM AG         PRC NM       -18656728.68 610380925.7
PRIMACOM AG         PRCG IX      -18656728.68 610380925.7
PRIMACOM AG         PRC2 GR      -18656728.68 610380925.7
PRIMACOM AG         PRC GR       -18656728.68 610380925.7
PRIMACOM AG-ADR     PCAG US      -18656728.68 610380925.7
PRIMACOM AG-ADR     PCAGY US     -18656728.68 610380925.7
PRIMACOM AG-ADR+    PCAG ES      -18656728.68 610380925.7
RAG ABWICKL-REG     ROS1 EU      -1744121.914 217776125.8
RAG ABWICKL-REG     ROS1 EO      -1744121.914 217776125.8
RAG ABWICKL-REG     ROS GR       -1744121.914 217776125.8
RAG ABWICKL-REG     ROSG PZ      -1744121.914 217776125.8
RAG ABWICKL-REG     RSTHF US     -1744121.914 217776125.8
RINOL AG            RIL GR            -2.7111 168095049.1
RINOL AG            RILB IX           -2.7111 168095049.1
RINOL AG            RILB EO           -2.7111 168095049.1
RINOL AG            RILB EU           -2.7111 168095049.1
RINOL AG            RILB PZ           -2.7111 168095049.1
RINOL AG            RILB GR           -2.7111 168095049.1
RINOL AG            RNLAF US          -2.7111 168095049.1
ROSENTHAL AG        2644179Q GR  -1744121.914 217776125.8
ROSENTHAL AG-ACC    ROS4 GR      -1744121.914 217776125.8
ROSENTHAL AG-ADR    RSTHY US     -1744121.914 217776125.8
ROSENTHAL AG-REG    ROSG IX      -1744121.914 217776125.8
SANDER (JIL) AG     JLSDF US     -6153256.917 127548039.7
SANDER (JIL) AG     SAD GR       -6153256.917 127548039.7
SANDER (JIL)-PRF    SAD3 PZ      -6153256.917 127548039.7
SANDER (JIL)-PRF    2916161Q EO  -6153256.917 127548039.7
SANDER (JIL)-PRF    2916157Q EU  -6153256.917 127548039.7
SANDER (JIL)-PRF    SAD3 GR      -6153256.917 127548039.7
SINNLEFFERS AG      WHG GR       -4491629.961 453887060.1
SPAR HANDELS-AG     SPHFF US     -442426199.5  1433020961
SPAR HANDELS-AG     773844Q GR   -442426199.5  1433020961
SPAR HAND-PFD NV    SPA3 GR      -442426199.5  1433020961
TA TRIUMPH-ACQ      TWNA GR      -120075877.7   410015192
TA TRIUMPH-ACQ      TWNA EU      -120075877.7   410015192
TA TRIUMPH-ADLER    TWNG IX      -120075877.7   410015192
TA TRIUMPH-ADLER    TTZAF US     -120075877.7   410015192
TA TRIUMPH-ADLER    TWN PZ       -120075877.7   410015192
TA TRIUMPH-ADLER    TWN EO       -120075877.7   410015192
TA TRIUMPH-ADLER    TWN EU       -120075877.7   410015192
TA TRIUMPH-ADLER    TWN GR       -120075877.7   410015192
TA TRIUMPH-A-RTS    1018916Z GR  -120075877.7   410015192
TA TRIUMPH-NEW      TWN1 GR      -120075877.7   410015192
TA TRIUMPH-RT       TWN8 GR      -120075877.7   410015192
TA TRIUMPH-RTS      3158577Q GR  -120075877.7   410015192
VIVANCO GRUPPE      VVA1 EU      -22198683.12 111990951.4
VIVANCO GRUPPE      VVA1 GR      -22198683.12 111990951.4
VIVANCO GRUPPE      VVAG IX      -22198683.12 111990951.4
VIVANCO GRUPPE      VVA1 PZ      -22198683.12 111990951.4
VIVANCO GRUPPE      VVA1 EO      -22198683.12 111990951.4
VIVANCO GRUPPE      VIVGF US     -22198683.12 111990951.4
VIVANCO GRUPPE      VVA GR       -22198683.12 111990951.4

GREECE
------
O TWELVE ESTATES    OTE IX       -7152968.898 297722697.4
O TWELVE ESTATES    OTE PG       -7152968.898 297722697.4
O TWELVE ESTATES    O2T GR       -7152968.898 297722697.4
O TWELVE ESTATES    OTE EU       -7152968.898 297722697.4
O TWELVE ESTATES    OTE PZ       -7152968.898 297722697.4
O TWELVE ESTATES    OTE LN       -7152968.898 297722697.4
O TWELVE ESTATES    OTE EO       -7152968.898 297722697.4
O TWELVE ESTATES    OTEEUR EO    -7152968.898 297722697.4
AG PETZETAKIS SA    PETZK EU     -30790135.48 234437763.5
AG PETZETAKIS SA    PTZ1 GR      -30790135.48 234437763.5
AG PETZETAKIS SA    PETZK GA     -30790135.48 234437763.5
AG PETZETAKIS SA    PETZK PZ     -30790135.48 234437763.5
AG PETZETAKIS SA    PZETF US     -30790135.48 234437763.5
AG PETZETAKIS SA    PETZK EO     -30790135.48 234437763.5
AG PETZETAKIS SA    PTZ GR       -30790135.48 234437763.5
ALMA-ATERM-AUCT     ATERME GA    -4110971.317 105276552.2
ALMA-ATERMON SA     ATERM EO     -4110971.317 105276552.2
ALMA-ATERMON SA     ATERM EU     -4110971.317 105276552.2
ALMA-ATERMON SA     ATERM PZ     -4110971.317 105276552.2
ALTEC SA -AUCT      ALTECE GA    -103590250.3 177563163.7
ALTEC SA INFO       ALTEC PZ     -103590250.3 177563163.7
ALTEC SA INFO       ALTEC EU     -103590250.3 177563163.7
ALTEC SA INFO       ALTEC EO     -103590250.3 177563163.7
ALTEC SA INFO       AXY GR       -103590250.3 177563163.7
ALTEC SA INFO       ALTEC GA     -103590250.3 177563163.7
ALTEC SA INFO       ATCQF US     -103590250.3 177563163.7
ALTEC SA INFO-RT    ALTED GA     -103590250.3 177563163.7
ALTEC SA INFO-RT    ALTECR GA    -103590250.3 177563163.7
ARIES MARITIME T    RAMS US         -57875000   197992000
ASPIS PRONIA GE     ASASK PZ     -189908329.1 896537349.7
ASPIS PRONIA GE     ASASK EO     -189908329.1 896537349.7
ASPIS PRONIA GE     ASASK GA     -189908329.1 896537349.7
ASPIS PRONIA GE     AISQF US     -189908329.1 896537349.7
ASPIS PRONIA GE     ASASK EU     -189908329.1 896537349.7
ASPIS PRONIA -PF    ASAPR GA     -189908329.1 896537349.7
ASPIS PRONIA-PF     ASASP GA     -189908329.1 896537349.7
ASPIS PRONIA-PF     APGV GR      -189908329.1 896537349.7
ASPIS PRONIA-RT     ASASKR GA    -189908329.1 896537349.7
ASPIS PRONOIA GE    APGG IX      -189908329.1 896537349.7
ASPIS PRONOIA GE    APG GR       -189908329.1 896537349.7
ASPIS PRON-PF RT    ASASPR GA    -189908329.1 896537349.7
ATERMON DYNAMIC     ATERM GA     -4110971.317 105276552.2
EMPEDOS SA          EMPED GA     -33637669.62 174742646.9
EMPEDOS SA-RTS      EMPEDR GA    -33637669.62 174742646.9
KOUMBAS INSUR-RT    KOUMD GA     -39842421.26 236519943.7
KOUMBAS RTS         KOUMR GA     -39842421.26 236519943.7
KOUMBAS SYNERGY     KOUMF US     -39842421.26 236519943.7
KOUMBAS SYNERGY     KOUM EO      -39842421.26 236519943.7
KOUMBAS SYNERGY     KOUM GA      -39842421.26 236519943.7
KOUMBAS SYNERGY     KOUM PZ      -39842421.26 236519943.7
KOUMBAS SYNERGY     KOUM EU      -39842421.26 236519943.7
NAOUSSA SPIN -RT    NAOYD GA     -44175513.67 341686153.1
NAOUSSA SPIN-AUC    NAOYKE GA    -44175513.67 341686153.1
NAOUSSA SPINNING    NML1 GR      -44175513.67 341686153.1
NAOUSSA SPINNING    NML GR       -44175513.67 341686153.1
NAOUSSA SPIN-RTS    NAOYKR GA    -44175513.67 341686153.1
NEWLEAD HOLDINGS    NEWL US         -57875000   197992000
NEWLEAD HOLDINGS    A1M GR          -57875000   197992000
PETZET - PFD-RTS    PETZPD GA    -30790135.48 234437763.5
PETZETAKIS - RTS    PETZKD GA    -30790135.48 234437763.5
PETZETAKIS-AUC      PETZKE GA    -30790135.48 234437763.5
PETZETAKIS-PFD      PTZ3 GR      -30790135.48 234437763.5
PETZETAKIS-PFD      PETZP GA     -30790135.48 234437763.5
RADIO KORASSIDIS    KORA GA      -100972173.9 180679253.6
RADIO KORASSIDIS    RAKOF US     -100972173.9 180679253.6
RADIO KORASSIDIS    RKC GR       -100972173.9 180679253.6
RADIO KORASSI-RT    KORAD GA     -100972173.9 180679253.6
RADIO KORASS-RTS    KORAR GA     -100972173.9 180679253.6
THEMELIODOMI        THEME GA     -55751178.85 232036822.6
THEMELIODOMI-AUC    THEMEE GA    -55751178.85 232036822.6
THEMELIODOMI-RTS    THEMER GA    -55751178.85 232036822.6
THEMELIODOMI-RTS    THEMED GA    -55751178.85 232036822.6
UNITED TEXTILES     NAOYK GA     -44175513.67 341686153.1
UNITED TEXTILES     NAOSF US     -44175513.67 341686153.1
UNITED TEXTILES     UTEX EO      -44175513.67 341686153.1
UNITED TEXTILES     UTEX GA      -44175513.67 341686153.1
UNITED TEXTILES     UTEX PZ      -44175513.67 341686153.1
UNITED TEXTILES     UTEX EU      -44175513.67 341686153.1

HUNGARY
-------
OT OPTIMA TELEKO    2299892Z CZ     -48565065 119632635.5
OT-OPTIMA TELEKO    OPTERA CZ       -48565065 119632635.5
HUNGARIAN TELEPH    HUC GR          -75973000   835658048
HUNGARIAN TELEPH    HUGC IX         -75973000   835658048
HUNGARIAN TELEPH    HUC EX          -75973000   835658048
INVITEL HOLD-ADR    IHO US          -75973000   835658048
INVITEL HOLD-ADR    0IN GR          -75973000   835658048
INVITEL HOLDINGS    3212873Z HB     -75973000   835658048

ICELAND
-------
AVION GROUP         B1Q GR         -223771648  2277793536
EIMSKIPAFELAG HF    HFEIMEUR EU    -223771648  2277793536
EIMSKIPAFELAG HF    HFEIM IR       -223771648  2277793536
EIMSKIPAFELAG HF    HFEIM EU       -223771648  2277793536
EIMSKIPAFELAG HF    AVION IR       -223771648  2277793536
EIMSKIPAFELAG HF    HFEIM EO       -223771648  2277793536
EIMSKIPAFELAG HF    HFEIM PZ       -223771648  2277793536
EIMSKIPAFELAG HF    HFEIMEUR EO    -223771648  2277793536

IRELAND
-------
BOUNDARY CAPITAL    BCP1 PZ      -10192301.85 119787800.5
BOUNDARY CAPITAL    BCP LN       -10192301.85 119787800.5
BOUNDARY CAPITAL    BCM GR       -10192301.85 119787800.5
BOUNDARY CAPITAL    BCP IX       -10192301.85 119787800.5
BOUNDARY CAPITAL    BCP1 EO      -10192301.85 119787800.5
BOUNDARY CAPITAL    BCPI IX      -10192301.85 119787800.5
BOUNDARY CAPITAL    BCP ID       -10192301.85 119787800.5
BOUNDARY CAPITAL    BCP1 PG      -10192301.85 119787800.5
BOUNDARY CAPITAL    BCP1 EU      -10192301.85 119787800.5
ELAN CORP PLC       ELN EU         -370500000  1669500032
ELAN CORP PLC       ELN EB         -370500000  1669500032
ELAN CORP PLC       DRX GR         -370500000  1669500032
ELAN CORP PLC       ELA PO         -370500000  1669500032
ELAN CORP PLC       ELN TQ         -370500000  1669500032
ELAN CORP PLC       ELN NR         -370500000  1669500032
ELAN CORP PLC       ELA LN         -370500000  1669500032
ELAN CORP PLC       ECN VX         -370500000  1669500032
ELAN CORP PLC       ELNGBX EO      -370500000  1669500032
ELAN CORP PLC       ELNUSD EO      -370500000  1669500032
ELAN CORP PLC       DRX1 PZ        -370500000  1669500032
ELAN CORP PLC       ELA IX         -370500000  1669500032
ELAN CORP PLC       ELNUSD EU      -370500000  1669500032
ELAN CORP PLC       ELN IX         -370500000  1669500032
ELAN CORP PLC       ELN EO         -370500000  1669500032
ELAN CORP PLC       ELNGBP EO      -370500000  1669500032
ELAN CORP PLC       ELN LN         -370500000  1669500032
ELAN CORP PLC       DRXG IX        -370500000  1669500032
ELAN CORP PLC       ELN ID         -370500000  1669500032
ELAN CORP PLC       ELNCF US       -370500000  1669500032
ELAN CORP-ADR       EAN GR         -370500000  1669500032
ELAN CORP-ADR       QUNELN AU      -370500000  1669500032
ELAN CORP-ADR       ELN US         -370500000  1669500032
ELAN CORP-ADR       EANG IX        -370500000  1669500032
ELAN CORP-ADR       ELAD LN        -370500000  1669500032
ELAN CORP-ADR UT    ELN/E US       -370500000  1669500032
ELAN CORP-CVR       LCVRZ US       -370500000  1669500032
ELAN CORP-CVR       ELNZV US       -370500000  1669500032
MCINERNEY HLDGS     MCI EU       -113397336.3 441922391.7
MCINERNEY HLDGS     MCI PO       -113397336.3 441922391.7
MCINERNEY HLDGS     MCIGBX EO    -113397336.3 441922391.7
MCINERNEY HLDGS     MK9C PZ      -113397336.3 441922391.7
MCINERNEY HLDGS     MCII IX      -113397336.3 441922391.7
MCINERNEY HLDGS     MCI LN       -113397336.3 441922391.7
MCINERNEY HLDGS     MK9 GR       -113397336.3 441922391.7
MCINERNEY HLDGS     MCIGBP EO    -113397336.3 441922391.7
MCINERNEY HLDGS     MNEYF US     -113397336.3 441922391.7
MCINERNEY HLDGS     MCI ID       -113397336.3 441922391.7
MCINERNEY HLDGS     MCI VX       -113397336.3 441922391.7
MCINERNEY HLDGS     MCI IX       -113397336.3 441922391.7
MCINERNEY HLDGS     MK9 PO       -113397336.3 441922391.7
MCINERNEY HLDGS     MCI EO       -113397336.3 441922391.7
MCINERNEY HLDGS     MCIGBX EU    -113397336.3 441922391.7
MCINERNEY PROP-A    MCIYF US     -113397336.3 441922391.7
MCINERNEY PROP-A    MYP LN       -113397336.3 441922391.7
MCINERNEY PROP-A    MYP ID       -113397336.3 441922391.7
MCINERNEY -RT FP    MCIF LN      -113397336.3 441922391.7
MCINERNEY -RT FP    MCIF ID      -113397336.3 441922391.7
MCINERNEY -RT NP    MCIN LN      -113397336.3 441922391.7
MCINERNEY -RT NP    MCIN ID      -113397336.3 441922391.7
MCINERNEY-ADR       MNEYY US     -113397336.3 441922391.7
PAYZONE PLC         4P6 GR       -138030903.2 510010035.3
PAYZONE PLC         PAYZ IX      -138030903.2 510010035.3
PAYZONE PLC         PAYZ EO      -138030903.2 510010035.3
PAYZONE PLC         PAYZ PZ      -138030903.2 510010035.3
PAYZONE PLC         PAYZ LN      -138030903.2 510010035.3
PAYZONE PLC         PAYZ EU      -138030903.2 510010035.3
PAYZONE PLC         PAYZ PG      -138030903.2 510010035.3
WATERFORD - RTS     WWWA GR      -505729895.2   820803256
WATERFORD - RTS     508519Q LN   -505729895.2   820803256
WATERFORD - RTS     WWWB GR      -505729895.2   820803256
WATERFORD - RTS     WWWB ID      -505729895.2   820803256
WATERFORD - RTS     508523Q LN   -505729895.2   820803256
WATERFORD - RTS     WWWA ID      -505729895.2   820803256
WATERFORD W-ADR     WATWY US     -505729895.2   820803256
WATERFORD WDGEWD    WATFF US     -505729895.2   820803256
WATERFORD WDGEWD    WATWF US     -505729895.2   820803256
WATERFORD WED-RT    WWWC ID      -505729895.2   820803256
WATERFORD WED-RT    WWWC GR      -505729895.2   820803256
WATERFORD WED-RT    586556Q LN   -505729895.2   820803256
WATERFORD WED-RT    WWWD GR      -505729895.2   820803256
WATERFORD WED-RT    WTFR LN      -505729895.2   820803256
WATERFORD WED-RT    WWWD ID      -505729895.2   820803256
WATERFORD WED-RT    586552Q LN   -505729895.2   820803256
WATERFORD WED-UT    WTFUGBX EU   -505729895.2   820803256
WATERFORD WED-UT    WTFU EU      -505729895.2   820803256
WATERFORD WED-UT    WTFU ID      -505729895.2   820803256
WATERFORD WED-UT    WWW GR       -505729895.2   820803256
WATERFORD WED-UT    WWWD PZ      -505729895.2   820803256
WATERFORD WED-UT    WWW PO       -505729895.2   820803256
WATERFORD WED-UT    WTFUGBX EO   -505729895.2   820803256
WATERFORD WED-UT    WTFU EO      -505729895.2   820803256
WATERFORD WED-UT    WTFU PO      -505729895.2   820803256
WATERFORD WED-UT    WTFU VX      -505729895.2   820803256
WATERFORD WED-UT    WTFU IX      -505729895.2   820803256
WATERFORD WED-UT    WTFU LN      -505729895.2   820803256
WATERFORD WE-RTS    WTFN LN      -505729895.2   820803256
WATERFORD WE-RTS    WTFF ID      -505729895.2   820803256
WATERFORD WE-RTS    WTFF LN      -505729895.2   820803256
WATERFORD WE-RTS    WTFN ID      -505729895.2   820803256
WATERFORD WE-RTS    WTFN VX      -505729895.2   820803256
WATERFORD-ADR UT    WATFZ US     -505729895.2   820803256
WATERFORD-ADR UT    WFWA GR      -505729895.2   820803256
WATERFORD-SUB       3001875Z ID  -505729895.2   820803256

ITALY
-----
AEDES AXA+W         AEAXAW IM    -24405906.61  1350851664
AEDES SPA           AEDI IX      -24405906.61  1350851664
AEDES SPA           AE EU        -24405906.61  1350851664
AEDES SPA           AE EO        -24405906.61  1350851664
AEDES SPA           AEDSF US     -24405906.61  1350851664
AEDES SPA           AE IM        -24405906.61  1350851664
AEDES SPA           AE PZ        -24405906.61  1350851664
AEDES SPA           LLB GR       -24405906.61  1350851664
AEDES SPA           AE TQ        -24405906.61  1350851664
AEDES SPA RNC       AEDE IM      -24405906.61  1350851664
AEDES SPA-OPA       AEDROP IM    -24405906.61  1350851664
AEDES SPA-OPA       AEOPA IM     -24405906.61  1350851664
AEDES SPA-RTS       AESA IM      -24405906.61  1350851664
AEDES SPA-RTS       AEAA IM      -24405906.61  1350851664
AEDES SPA-SVGS R    AEDRAA IM    -24405906.61  1350851664
BINDA SPA           BNDAF US     -11146475.29 128859802.9
BINDA SPA           BND IM       -11146475.29 128859802.9
BROGGI IZAR FABB    BIF IM       -178432.4639 134255668.5
CART SOTTRI-BIND    DEM IM       -11146475.29 128859802.9
CIRIO FINANZIARI    CRO IM       -422095869.5  1583083044
CIRIO FINANZIARI    FIY GR       -422095869.5  1583083044
COIN SPA            965089Q GR   -151690764.8 791310848.7
COIN SPA            GC IX        -151690764.8 791310848.7
COIN SPA            GUCIF US     -151690764.8 791310848.7
COIN SPA/OLD        GC IM        -151690764.8 791310848.7
COIN SPA-RTS        GCAA IM      -151690764.8 791310848.7
COMPAGNIA ITALIA    CGLUF US     -137726596.3 527372691.4
COMPAGNIA ITALIA    CITU IX      -137726596.3 527372691.4
COMPAGNIA ITALIA    ICT IM       -137726596.3 527372691.4
CORNELL BHN         CBX IM       -178432.4639 134255668.5
CORNELL BHN         BY EU        -178432.4639 134255668.5
CORNELL BHN         INO1 IX      -178432.4639 134255668.5
CORNELL BHN         BY EO        -178432.4639 134255668.5
CORNELL BHN         INN IM       -178432.4639 134255668.5
CREDITO FONDIARI    CRF IM       -200209050.3  4213063202
CREDITO FOND-RTS    CRFSA IM     -200209050.3  4213063202
ELIOS HOLDING       EH IM        -178432.4639 134255668.5
ELIOS HOLDING-NE    EH00 IM      -178432.4639 134255668.5
ELIOS HOLDING-RT    EHAA IM      -178432.4639 134255668.5
ELIOS SPA           EHM IM       -178432.4639 134255668.5
I VIAGGI DEL VEN    VVE TQ       -92020221.43 318192568.6
I VIAGGI DEL VEN    VVE IX       -92020221.43 318192568.6
I VIAGGI DEL VEN    IV7 GR       -92020221.43 318192568.6
I VIAGGI DEL VEN    VVE EO       -92020221.43 318192568.6
I VIAGGI DEL VEN    VVE EU       -92020221.43 318192568.6
I VIAGGI DEL VEN    VVE IM       -92020221.43 318192568.6
I VIAGGI DEL VEN    VVE PZ       -92020221.43 318192568.6
I VIAGGI DEL VEN    IVGIF US     -92020221.43 318192568.6
I VIAGGI-RTS        VVEAA IM     -92020221.43 318192568.6
INNOTECH SPA        ELIOF US     -178432.4639 134255668.5
OLCESE SPA          O IM         -12846689.89 179691572.8
OLCESE SPA-RTS      OAA IM       -12846689.89 179691572.8
OLCESE VENEZIANO    OLVE IM      -12846689.89 179691572.8
OMNIA NETWORK SP    ONT TQ        -47468652.4 322390901.7
OMNIA NETWORK SP    ONT IM        -47468652.4 322390901.7
OMNIA NETWORK SP    ONT EO        -47468652.4 322390901.7
OMNIA NETWORK SP    ONT EU        -47468652.4 322390901.7
OMNIA NETWORK SP    ONTI IX       -47468652.4 322390901.7
OMNIA NETWORK SP    ONT PZ        -47468652.4 322390901.7
PARMALAT FINANZI    PRF IM       -18419390029  4120687886
PARMALAT FINANZI    PRFI VX      -18419390029  4120687886
PARMALAT FINANZI    PAF GR       -18419390029  4120687886
PARMALAT FINANZI    PARAF US     -18419390029  4120687886
PARMALAT FINANZI    PMLFF US     -18419390029  4120687886
PARMALAT FINANZI    PMT LI       -18419390029  4120687886
PARMALAT FINANZI    FICN AV      -18419390029  4120687886
PARMALAT FINA-RT    PRFR AV      -18419390029  4120687886
RISANAMEN-RNC OP    RNROPA IM    -165887753.7  4800733024
RISANAMENTO NAPO    RN5 GR       -165887753.7  4800733024
RISANAMENTO -OPA    RNOPA IM     -165887753.7  4800733024
RISANAMENTO -RNC    RNR IM       -165887753.7  4800733024
RISANAMENTO SPA     RNGBX EU     -165887753.7  4800733024
RISANAMENTO SPA     RN EO        -165887753.7  4800733024
RISANAMENTO SPA     RNGBP EO     -165887753.7  4800733024
RISANAMENTO SPA     RN IX        -165887753.7  4800733024
RISANAMENTO SPA     RNGBX EO     -165887753.7  4800733024
RISANAMENTO SPA     RN EU        -165887753.7  4800733024
RISANAMENTO SPA     RN TQ        -165887753.7  4800733024
RISANAMENTO SPA     RN IM        -165887753.7  4800733024
RISANAMENTO SPA     RN PZ        -165887753.7  4800733024
RISANAMENTO SPA     RSMNF US     -165887753.7  4800733024
RISANAMENTO-RTS     RNAA IM      -165887753.7  4800733024
SNIA BPD            SN GR        -141933883.9 150445252.4
SNIA BPD-ADR        SBPDY US     -141933883.9 150445252.4
SNIA SPA            SNIA GR      -141933883.9 150445252.4
SNIA SPA            SN TQ        -141933883.9 150445252.4
SNIA SPA            SIAI IX      -141933883.9 150445252.4
SNIA SPA            SSMLF US     -141933883.9 150445252.4
SNIA SPA            SN EU        -141933883.9 150445252.4
SNIA SPA            SBPDF US     -141933883.9 150445252.4
SNIA SPA            SN IM        -141933883.9 150445252.4
SNIA SPA            SNIXF US     -141933883.9 150445252.4
SNIA SPA            SN EO        -141933883.9 150445252.4
SNIA SPA            SIAI PZ      -141933883.9 150445252.4
SNIA SPA            SNIB GR      -141933883.9 150445252.4
SNIA SPA - RTS      SNAAW IM     -141933883.9 150445252.4
SNIA SPA- RTS       SNAXW IM     -141933883.9 150445252.4
SNIA SPA-2003 SH    SN03 IM      -141933883.9 150445252.4
SNIA SPA-CONV SA    SPBDF US     -141933883.9 150445252.4
SNIA SPA-DRC        SNR00 IM     -141933883.9 150445252.4
SNIA SPA-NEW        SN00 IM      -141933883.9 150445252.4
SNIA SPA-NON CON    SPBNF US     -141933883.9 150445252.4
SNIA SPA-RCV        SNR IM       -141933883.9 150445252.4
SNIA SPA-RCV        SNIVF US     -141933883.9 150445252.4
SNIA SPA-RIGHTS     SNAW IM      -141933883.9 150445252.4
SNIA SPA-RNC        SNIWF US     -141933883.9 150445252.4
SNIA SPA-RNC        SNRNC IM     -141933883.9 150445252.4
SNIA SPA-RTS        SNSO IM      -141933883.9 150445252.4
SNIA SPA-RTS        SNAA IM      -141933883.9 150445252.4
SOCOTHERM SPA       SCT EO       -161739278.5 398222827.1
SOCOTHERM SPA       SCT EU       -161739278.5 398222827.1
SOCOTHERM SPA       SCT IM       -161739278.5 398222827.1
SOCOTHERM SPA       SCTM IX      -161739278.5 398222827.1
SOCOTHERM SPA       SCTI PZ      -161739278.5 398222827.1
SOCOTHERM SPA       SCT TQ       -161739278.5 398222827.1
SOCOTHERM SPA       SOCEF US     -161739278.5 398222827.1
TAS TECNOLOGIA      TAS PZ       -405622.1721 172796509.7
TAS TECNOLOGIA      TAS EU       -405622.1721 172796509.7
TAS TECNOLOGIA      TAQ GR       -405622.1721 172796509.7
TAS TECNOLOGIA      TAS TQ       -405622.1721 172796509.7
TAS TECNOLOGIA      TAS NM       -405622.1721 172796509.7
TAS TECNOLOGIA      TAS EO       -405622.1721 172796509.7
TAS TECNOLOGIA      TAS IM       -405622.1721 172796509.7
TECNODIFF ITALIA    TDI NM       -89894162.82 152045757.5
TECNODIFF ITALIA    TDI IM       -89894162.82 152045757.5
TECNODIFF ITALIA    TEF GR       -89894162.82 152045757.5
TECNODIFF ITALIA    TDIFF US     -89894162.82 152045757.5
TECNODIFF-RTS       TDIAOW NM    -89894162.82 152045757.5
TECNODIFFUSIONE     TDIAAW IM    -89894162.82 152045757.5
TISCALI - RTS       TIQA GR      -421259823.5 632152613.6
TISCALI - RTS       TISAAW IM    -421259823.5 632152613.6
TISCALI SPA         TIS IX       -421259823.5 632152613.6
TISCALI SPA         TIS NA       -421259823.5 632152613.6
TISCALI SPA         TIS EU       -421259823.5 632152613.6
TISCALI SPA         TISGBX EO    -421259823.5 632152613.6
TISCALI SPA         TISGBP EO    -421259823.5 632152613.6
TISCALI SPA         TISN IX      -421259823.5 632152613.6
TISCALI SPA         TIS IM       -421259823.5 632152613.6
TISCALI SPA         TISN NA      -421259823.5 632152613.6
TISCALI SPA         TIS EO       -421259823.5 632152613.6
TISCALI SPA         TIQ GR       -421259823.5 632152613.6
TISCALI SPA         TSCXF US     -421259823.5 632152613.6
TISCALI SPA         TIS NR       -421259823.5 632152613.6
TISCALI SPA         TIQG IX      -421259823.5 632152613.6
TISCALI SPA         TIS FP       -421259823.5 632152613.6
TISCALI SPA         TIS PZ       -421259823.5 632152613.6
TISCALI SPA         TIS TQ       -421259823.5 632152613.6
TISCALI SPA         TISN VX      -421259823.5 632152613.6
TISCALI SPA         TISN FP      -421259823.5 632152613.6
TISCALI SPA         TIS VX       -421259823.5 632152613.6
TISCALI SPA         TISN IM      -421259823.5 632152613.6
TISCALI SPA         TIQ1 GR      -421259823.5 632152613.6
TISCALI SPA         TISGBX EU    -421259823.5 632152613.6
TISCALI SPA- RTS    TISAXA IM    -421259823.5 632152613.6
TISCALI SPA- RTS    3391621Q GR  -421259823.5 632152613.6
YORKVILLE BHN       BY IM        -178432.4639 134255668.5
YORKVILLE BHN       BY TQ        -178432.4639 134255668.5
YORKVILLE BHN       CBXI PZ      -178432.4639 134255668.5

LUXEMBOURG
----------
CARRIER1 INT-AD+    CONE ES         -94729000   472360992
CARRIER1 INT-ADR    CONE US         -94729000   472360992
CARRIER1 INT-ADR    CONEE US        -94729000   472360992
CARRIER1 INT-ADR    CONEQ US        -94729000   472360992
CARRIER1 INTL       CJN GR          -94729000   472360992
CARRIER1 INTL       CJNA GR         -94729000   472360992
CARRIER1 INTL       CJN NM          -94729000   472360992
CARRIER1 INTL SA    1253Z SW        -94729000   472360992
CARRIER1 INTL SA    CONEF US        -94729000   472360992

NETHERLANDS
-----------
BAAN CO NV-ASSEN    BAANA NA     -7854741.409 609871188.9
BAAN COMPANY NV     BAAN PZ      -7854741.409 609871188.9
BAAN COMPANY NV     BAAN EO      -7854741.409 609871188.9
BAAN COMPANY NV     BAAN IX      -7854741.409 609871188.9
BAAN COMPANY NV     BAAVF US     -7854741.409 609871188.9
BAAN COMPANY NV     BAAN NA      -7854741.409 609871188.9
BAAN COMPANY NV     BAAN EU      -7854741.409 609871188.9
BAAN COMPANY NV     BAAN GR      -7854741.409 609871188.9
BAAN COMPANY NV     BNCG IX      -7854741.409 609871188.9
BAAN COMPANY-NY     BAANF US     -7854741.409 609871188.9
BUSINESSWAY INTL    BITL US          -2543870   139709648
BUSINESSWAY INTL    BITLE US         -2543870   139709648
CNW ORLANDO INC     CNWD US          -2543870   139709648
GLOBALNETCARE       GBCR US          -2543870   139709648
GLOBALNETCARE       GBCRE US         -2543870   139709648
ICBS INTERNATION    ICBOE US         -2543870   139709648
ICBS INTERNATION    ICBO US          -2543870   139709648
JAMES HARDIE IND    HAH NZ         -153000000  2120699904
JAMES HARDIE IND    726824Z NA     -153000000  2120699904
JAMES HARDIE IND    HAH AU         -153000000  2120699904
JAMES HARDIE IND    600241Q GR     -153000000  2120699904
JAMES HARDIE NV     JHXCC AU       -153000000  2120699904
JAMES HARDIE-ADR    JHX US         -153000000  2120699904
JAMES HARDIE-ADR    JHINY US       -153000000  2120699904
JAMES HARDIE-CDI    JHIUF US       -153000000  2120699904
JAMES HARDIE-CDI    JHA GR         -153000000  2120699904
JAMES HARDIE-CDI    JHX AU         -153000000  2120699904
LIBERTY GL EU-A     UPC NA        -5505478850  5112616630
ROYAL INVEST INT    RIIC US          -2543870   139709648
UNITED PAN -ADR     UPEA GR       -5505478850  5112616630
UNITED PAN-A ADR    UPCOY US      -5505478850  5112616630
UNITED PAN-EUR-A    UPC LI        -5505478850  5112616630
UNITED PAN-EUR-A    UPC LN        -5505478850  5112616630
UNITED PAN-EUROP    UPCEF US      -5505478850  5112616630
UNITED PAN-EUROP    UPE GR        -5505478850  5112616630
UNITED PAN-EUROP    UPC VX        -5505478850  5112616630
UNITED PAN-EUROP    UPE1 GR       -5505478850  5112616630
UNITED PAN-EUROP    UPCOF US      -5505478850  5112616630
WAH KING INVEST     WAHKE US         -2543870   139709648
WAH KING INVEST     WAHK US          -2543870   139709648

NORWAY
------
NEXUS FLOATING P    NEXUSEUR EO    -158054000   353053024
NEXUS FLOATING P    NEXUSGBX EU    -158054000   353053024
NEXUS FLOATING P    NEXUS EO       -158054000   353053024
NEXUS FLOATING P    NEXUS PZ       -158054000   353053024
NEXUS FLOATING P    NEXUS NO       -158054000   353053024
NEXUS FLOATING P    NEXUSEUR EU    -158054000   353053024
NEXUS FLOATING P    NEXU NO        -158054000   353053024
NEXUS FLOATING P    NEXUS EU       -158054000   353053024
NEXUS FLOATING P    NEXUS BY       -158054000   353053024
PETRO GEO-SERV      PGS GR       -18066142.21 399710323.6
PETRO GEO-SERV      265143Q NO   -18066142.21 399710323.6
PETRO GEO-SERV      PGS VX       -18066142.21 399710323.6
PETRO GEO-SERV-N    PGSN NO      -18066142.21 399710323.6
PETRO GEO-SV-ADR    PGOGY US     -18066142.21 399710323.6
PETRO GEO-SV-ADR    PGSA GR      -18066142.21 399710323.6
PETROLIA DRILLIN    PDR1 IX         -25943000   499350016
PETROLIA DRILLIN    PDR BY          -25943000   499350016
PETROLIA DRILLIN    PDR EU          -25943000   499350016
PETROLIA DRILLIN    PDR PZ          -25943000   499350016
PETROLIA DRILLIN    PDR TQ          -25943000   499350016
PETROLIA DRILLIN    PDR EO          -25943000   499350016
PETROLIA DRILLIN    PDREUR EU       -25943000   499350016
PETROLIA DRILLIN    PDR NO          -25943000   499350016
PETROLIA DRILLIN    PDREUR EO       -25943000   499350016
PETROLIA DRILLIN    P8D GR          -25943000   499350016
PETROLIA DRI-NEW    PDRN NO         -25943000   499350016
PETROLIA DRI-RTS    PDRT NO         -25943000   499350016

PORTUGAL
--------
KROSNO              KRS LI       -2241614.766 111838141.2
KROSNO              KRS1EUR EU   -2241614.766 111838141.2
KROSNO              KROS IX      -2241614.766 111838141.2
KROSNO              KRS1EUR EO   -2241614.766 111838141.2
KROSNO              KRS PW       -2241614.766 111838141.2
KROSNO SA           KRS PZ       -2241614.766 111838141.2
KROSNO SA           KRS1 EO      -2241614.766 111838141.2
KROSNO SA           KRS1 EU      -2241614.766 111838141.2
KROSNO SA           KRNFF US     -2241614.766 111838141.2
KROSNO SA           KROSNO PW    -2241614.766 111838141.2
KROSNO SA-RTS       KRSP PW      -2241614.766 111838141.2
KROSNO-PDA-ALLT     KRSA PW      -2241614.766 111838141.2
TOORA               2916661Q EO  -288818.3897 147004954.2
TOORA               TOR PW       -288818.3897 147004954.2
TOORA               TOR PZ       -288818.3897 147004954.2
TOORA               2916665Q EU  -288818.3897 147004954.2
TOORA-ALLOT CERT    TORA PW      -288818.3897 147004954.2
BENFICA             SLBE IX      -16614056.44 234366255.6
BENFICA             SLBENX PX    -16614056.44 234366255.6
BENFICA             SLBEN PL     -16614056.44 234366255.6
BENFICA             SLBEN EU     -16614056.44 234366255.6
BENFICA             SLBEN PZ     -16614056.44 234366255.6
BENFICA             SLBEN EO     -16614056.44 234366255.6
LISGRAFICA IMPRE    LIAG EO      -11584933.86 107940470.6
LISGRAFICA IMPRE    LIG PL       -11584933.86 107940470.6
LISGRAFICA IMPRE    LIG EU       -11584933.86 107940470.6
LISGRAFICA IMPRE    LIG PZ       -11584933.86 107940470.6
LISGRAFICA IMPRE    LIAG EU      -11584933.86 107940470.6
LISGRAFICA IMPRE    LIAG PL      -11584933.86 107940470.6
LISGRAFICA IMPRE    LIG EO       -11584933.86 107940470.6
LISGRAFICA-RTS      LIGDS PL     -11584933.86 107940470.6
PORCELANA VISTA     PVAL PL      -75871846.95 148731546.6
SPORT LISBOA E B    1249Z PL     -16614056.44 234366255.6
SPORTING-SOC DES    SCP1 PZ       -4083492.14 225687305.9
SPORTING-SOC DES    SCPX PX       -4083492.14 225687305.9
SPORTING-SOC DES    SCDF EU       -4083492.14 225687305.9
SPORTING-SOC DES    SCDF EO       -4083492.14 225687305.9
SPORTING-SOC DES    SCG GR        -4083492.14 225687305.9
SPORTING-SOC DES    SCP PL        -4083492.14 225687305.9
SPORTING-SOC DES    SCPL IX       -4083492.14 225687305.9
SPORTING-SOC DES    SCDF PL       -4083492.14 225687305.9
VAA VISTA ALEGRE    VAF PL       -75871846.95 148731546.6
VAA VISTA ALEGRE    VAF EU       -75871846.95 148731546.6
VAA VISTA ALEGRE    VAF PZ       -75871846.95 148731546.6
VAA VISTA ALEGRE    VAF EO       -75871846.95 148731546.6
VAA VISTA ALEGRE    VAFX PX      -75871846.95 148731546.6
VAA VISTA ALTAN     VAFK EU      -75871846.95 148731546.6
VAA VISTA ALTAN     VAFKX PX     -75871846.95 148731546.6
VAA VISTA ALTAN     VAFK PZ      -75871846.95 148731546.6
VAA VISTA ALTAN     VAFK EO      -75871846.95 148731546.6
VAA VISTA ALTAN     VAFK PL      -75871846.95 148731546.6

ROMANIA
-------
OLTCHIM RM VALCE    OLTEUR EO    -89344235.29 511515508.8
OLTCHIM RM VALCE    OLT PZ       -89344235.29 511515508.8
OLTCHIM RM VALCE    OLT EU       -89344235.29 511515508.8
OLTCHIM RM VALCE    OLT RO       -89344235.29 511515508.8
OLTCHIM RM VALCE    OLT EO       -89344235.29 511515508.8
OLTCHIM RM VALCE    OLTEUR EU    -89344235.29 511515508.8
OLTCHIM RM VALCE    OLTCF US     -89344235.29 511515508.8
RAFO SA             RAF RO       -457922636.3 356796459.3
UZINELE SODICE G    UZIM RO      -62313938.86 107275526.8

RUSSIA
------
AMO ZIL             ZILL RM      -186141084.1 448501182.5
AMO ZIL-CLS         ZILL RU      -186141084.1 448501182.5
AMO ZIL-CLS         ZILL* RU     -186141084.1 448501182.5
AMUR SHIP-BRD       AMZS* RU      -99051792.6  1089408985
AMUR SHIP-BRD       AMZS RU       -99051792.6  1089408985
DAGESTAN ENERGY     DASB* RU     -33465586.31 128437866.5
DAGESTAN ENERGY     DASB RM      -33465586.31 128437866.5
DAGESTAN ENERGY     DASB RU      -33465586.31 128437866.5
EAST-SIBERIA-BRD    VSNK RU      -125269473.1 155047305.2
EAST-SIBERIA-BRD    VSNK* RU     -125269473.1 155047305.2
EAST-SIBERIAN-BD    VSNK$ RU     -125269473.1 155047305.2
FINANCIAL LEASIN    137282Z RU   -28157479.23 503349976.1
FINANCIAL LEASIN    FLKO RM      -28157479.23 503349976.1
FINANCIAL LE-BRD    FLKO RU      -28157479.23 503349976.1
FINANCIAL LE-BRD    FLKO* RU     -28157479.23 503349976.1
GUKOVUGOL           GUUG* RU     -57835245.31 143665227.2
GUKOVUGOL           GUUG RU      -57835245.31 143665227.2
GUKOVUGOL-PFD       GUUGP RU     -57835245.31 143665227.2
GUKOVUGOL-PFD       GUUGP* RU    -57835245.31 143665227.2
KOLENERGOSBY-CLS    KOSB RU      -8070130.628 103789430.5
KOLENERGOSBY-CLS    KOSB* RU     -8070130.628 103789430.5
KOLENERGOSBY-PFD    KOSBPG RU    -8070130.628 103789430.5
KOLENERGOSBY-PFD    KOSBP* RU    -8070130.628 103789430.5
KOLENERGOSBY-PFD    KOSBP RU     -8070130.628 103789430.5
KOLENERGOSBYT       KOSB RM      -8070130.628 103789430.5
KOLENERGOSBY-T+0    KOSBG RU     -8070130.628 103789430.5
KOMPANIYA GL-BRD    GMST* RU     -69058321.52  1307372498
KOMPANIYA GL-BRD    GMST RU      -69058321.52  1307372498
MZ ARSENAL-$BRD     ARSE RU      -4671159.212 193672793.3
MZ ARSENAL-BRD      ARSE$ RU     -4671159.212 193672793.3
MZ ARSENAL-BRD      ARSE* RU     -4671159.212 193672793.3
SAMARANEFTEGA-P$    SMNGP RU     -331600428.5 891998590.7
SAMARANEFTEGAS      SVYOF US     -331600428.5 891998590.7
SAMARANEFTEGAS      SMNG* RU     -331600428.5 891998590.7
SAMARANEFTEGAS      SMNG RM      -331600428.5 891998590.7
SAMARANEFTEGAS      SMNG$ RU     -331600428.5 891998590.7
SAMARANEFTEGAS-$    SMNG RU      -331600428.5 891998590.7
SAMARANEFTEGAS-P    SMNGP RM     -331600428.5 891998590.7
SAMARANEFTEGAS-P    SMNGP* RU    -331600428.5 891998590.7
SAMARANEFTEGAS-P    SMNGP$ RU    -331600428.5 891998590.7
TERNEYLES-BRD       TERL RU       -15178937.2 182115156.8
TERNEYLES-BRD       TERL* RU      -15178937.2 182115156.8
TRANSAERO AIRLIN    TRNS RU      -24618275.96 740576227.5
TRANSAERO AIRLIN    TRNS* RU     -24618275.96 740576227.5
URGALUGOL-BRD       YRGL RU      -15706613.04 105440541.1
URGALUGOL-BRD       YRGL* RU     -15706613.04 105440541.1
URGALUGOL-BRD-PF    YRGLP RU     -15706613.04 105440541.1
VOLGOGRAD KHIM      VHIM RU      -9340386.757 133590956.9
VOLGOGRAD KHIM      VHIM* RU     -9340386.757 133590956.9
ZIL AUTO PLANT      ZILL$ RU     -186141084.1 448501182.5
ZIL AUTO PLANT-P    ZILLP RU     -186141084.1 448501182.5
ZIL AUTO PLANT-P    ZILLP RM     -186141084.1 448501182.5
ZIL AUTO PLANT-P    ZILLP* RU    -186141084.1 448501182.5

SERBIA
------
DUVANSKA            DIVR SG      -7729350.776 109207260.5
IMK 14 OKTOBAR A    IMKO SG      -5175836.416 110102264.2
PINKI AD            PNKI SG      -36537862.34   120707518
ZASTAVA AUTOMOBI    ZAKG SG      -396504649.1 174692011.1

SPAIN
-----
ACTUACIONES ACTI    AGR SM       -148097530.9 674738808.3
AGRUPACIO - RT      AGR/D SM     -148097530.9 674738808.3
FERGO AISA SA       AISA PZ      -148097530.9 674738808.3
FERGO AISA SA       AISA EU      -148097530.9 674738808.3
FERGO AISA SA       AISA SM      -148097530.9 674738808.3
FERGO AISA SA       AISA EO      -148097530.9 674738808.3
MARTINSA FADESA     4PU GR        -1847997044  8832898708
MARTINSA FADESA     MTF1 LI       -1847997044  8832898708
MARTINSA FADESA     MTF SM        -1847997044  8832898708
MARTINSA FADESA     MTF EO        -1847997044  8832898708
MARTINSA FADESA     MFAD PZ       -1847997044  8832898708
MARTINSA FADESA     MTF EU        -1847997044  8832898708
MARTINSA-FADESA     MTF NR        -1847997044  8832898708

TURKEY
------
BESIKTAS FUTBOL     BJKAS TI     -10396040.97 175760356.3
BESIKTAS FUTBOL     BJKASM TI    -10396040.97 175760356.3
BESIKTAS FUTBOL     BJKASY TI    -10396040.97 175760356.3
BESIKTAS FUTBOL     BKTFF US     -10396040.97 175760356.3
BESIKTAS FUTBOL     BWX GR       -10396040.97 175760356.3
EGS EGE GIYIM VE    EGDIS TI     -7732138.551 147075066.7
EGS EGE GIYIM-RT    EGDISR TI    -7732138.551 147075066.7
IKTISAT FINAN-RT    IKTFNR TI    -46900661.12 108228233.6
IKTISAT FINANSAL    IKTFN TI     -46900661.12 108228233.6
MUDURNU TAVUKC-N    MDRNUN TI    -64930189.62 160408172.1
MUDURNU TAVUKCUL    MDRNU TI     -64930189.62 160408172.1
SIFAS               SIFAS TI      -15439198.6   130608104
TUTUNBANK           TUT TI        -4024959602  2643810457
YASARBANK           YABNK TI      -4024959602  2643810457

UKRAINE
-------
AZOVZAGALMASH MA    AZGM UZ      -16212049.02 277693905.5
BANK FORUM -GDR     639540Z LX   -5331676.798  2243068982
BANK FORUM -GDR     FRMB038 RU   -5331676.798  2243068982
BANK FORUM -GDR     B5F GR       -5331676.798  2243068982
BANK FORUM -GDR     BFJG IX      -5331676.798  2243068982
BANK FORUM JSC      FORM UZ      -5331676.798  2243068982
DNEPROPETROVSK      DMZP UZ      -15926384.43 424303604.8
DNIPROOBLENERGO     DNON UZ      -3607242.033 284973578.6
DONETSKOBLENERGO    DOON UZ      -209532649.1   360933615
LUGANSKOBLENERGO    LOEN UZ      -26290526.22 191765121.2
NAFTOKHIMIK PRIC    NAFP UZ      -19746288.63 299014707.5
NAFTOKHIMIK-GDR     N3ZA GR      -19746288.63 299014707.5
ODESSA OIL REFIN    ONPZ UZ      -70727947.39 325964086.9

UNITED KINGDOM
--------------
4LESS GROUP         BHL PO       -3088436.068 106650689.4
4LESS GROUP         FL/ LN       -3088436.068 106650689.4
4LESS GROUP         LI4 GR       -3088436.068 106650689.4
4LESS GROUP         FL/ PO       -3088436.068 106650689.4
4LESS GROUP         FLG OF       -3088436.068 106650689.4
4LESS GROUP         BYH PO       -3088436.068 106650689.4
ABBOTT MEAD VICK    648824Q LN   -1685852.904 168258996.3
ADVANCE DISPLAY     ADTP PZ       -3015578835  2590007904
AEA TECHNOLO-FPR    AATF LN      -215101594.9   121405070
AEA TECHNOLO-FPR    AATF PZ      -215101594.9   121405070
AEA TECHNOLOGY      AEY GR       -215101594.9   121405070
AEA TECHNOLOGY      AAT PZ       -215101594.9   121405070
AEA TECHNOLOGY      AAT LN       -215101594.9   121405070
AEA TECHNOLOGY      AATGBP EO    -215101594.9   121405070
AEA TECHNOLOGY      AAT EU       -215101594.9   121405070
AEA TECHNOLOGY      AAT IX       -215101594.9   121405070
AEA TECHNOLOGY      AAT PO       -215101594.9   121405070
AEA TECHNOLOGY      EAETF US     -215101594.9   121405070
AEA TECHNOLOGY      AAT VX       -215101594.9   121405070
AEA TECHNOLOGY      AAT EO       -215101594.9   121405070
AEA TECHNOLO-NPR    AATN PZ      -215101594.9   121405070
AEA TECHNOLO-NPR    AATN LN      -215101594.9   121405070
AIRTOURS PLC        ATORF US     -379721841.6  1817512774
AIRTOURS PLC        AIR LN       -379721841.6  1817512774
AIRTOURS PLC        AIR VX       -379721841.6  1817512774
ALLDAYS PLC         317056Q LN     -120493900 252232072.9
ALLDAYS PLC         ALDYF US       -120493900 252232072.9
AMER BUS SYS        ARB LN         -497127008   121439000
AMEY PLC            AMY LN       -48862569.33 931527720.5
AMEY PLC            AMY VX       -48862569.33 931527720.5
AMEY PLC            AMEYF US     -48862569.33 931527720.5
AMEY PLC-ASSENT     AMYA LN      -48862569.33 931527720.5
AMEY PLC-NEW        AMYN LN      -48862569.33 931527720.5
ANKER PLC           ANK PO       -21861359.81   115463159
ANKER PLC           ANK LN       -21861359.81   115463159
ANKER PLC           DW14 GR      -21861359.81   115463159
ANKER PLC - ASSD    ANKB LN      -21861359.81   115463159
ANKER PLC - ASSD    ANKC LN      -21861359.81   115463159
ANKER PLC-ASSD      ANKA LN      -21861359.81   115463159
ATKINS (WS) PLC     ATK NR         -207093345  1339139513
ATKINS (WS) PLC     ATKGBP EO      -207093345  1339139513
ATKINS (WS) PLC     WATKF US       -207093345  1339139513
ATKINS (WS) PLC     ATK BQ         -207093345  1339139513
ATKINS (WS) PLC     ATK TQ         -207093345  1339139513
ATKINS (WS) PLC     ATK PZ         -207093345  1339139513
ATKINS (WS) PLC     ATK EU         -207093345  1339139513
ATKINS (WS) PLC     ATKEUR EO      -207093345  1339139513
ATKINS (WS) PLC     ATK EB         -207093345  1339139513
ATKINS (WS) PLC     6W2 GR         -207093345  1339139513
ATKINS (WS) PLC     ATK QM         -207093345  1339139513
ATKINS (WS) PLC     ATK PO         -207093345  1339139513
ATKINS (WS) PLC     ATK IX         -207093345  1339139513
ATKINS (WS) PLC     ATKEUR EU      -207093345  1339139513
ATKINS (WS) PLC     ATK EO         -207093345  1339139513
ATKINS (WS) PLC     ATK VX         -207093345  1339139513
ATKINS (WS) PLC     ATK NQ         -207093345  1339139513
ATKINS (WS) PLC     ATK LN         -207093345  1339139513
BAYDONHILL PLC      BHL EO       -3088436.068 106650689.4
BAYDONHILL PLC      BHL LN       -3088436.068 106650689.4
BAYDONHILL PLC      BHL EU       -3088436.068 106650689.4
BAYDONHILL PLC      BHL IX       -3088436.068 106650689.4
BAYDONHILL PLC      BHL PZ       -3088436.068 106650689.4
BAYDONHILL PLC      BHL PG       -3088436.068 106650689.4
BAYDONHILL PLC      BYH LN       -3088436.068 106650689.4
BCH GROUP PLC       BCH LN       -5728274.385 187993198.2
BLACK & EDGINGTO    BLE LN       -134177517.4 149159301.6
BNB RECRUITMENT     BNBRF US     -10242627.53   103637705
BNB RECRUITMENT     BNB PO       -10242627.53   103637705
BNB RECRUITMENT     BNB IX       -10242627.53   103637705
BNB RECRUITMENT     BQX GR       -10242627.53   103637705
BNB RECRUITMENT     BNB LN       -10242627.53   103637705
BOOKER PLC          987188Q LN    -59832880.4  1298182549
BOOKER PLC          BKERF US      -59832880.4  1298182549
BOOKER PLC          1330Q GR      -59832880.4  1298182549
BOOKER PLC-ADR      BKRUY US      -59832880.4  1298182549
BOOKER PLC-ADR      BOK$ LN       -59832880.4  1298182549
BRADSTOCK GROUP     BSKGF US     -1855444.443 268563822.5
BRADSTOCK GROUP     BDK LN       -1855444.443 268563822.5
BRIT ENERGY LTD     523362Q LN    -5822867501  4921095750
BRIT ENERGY PLC     BGYEF US      -5822867501  4921095750
BRIT ENERGY PLC     BEN1 GR       -5822867501  4921095750
BRIT ENERGY PLC     BHEGF US      -5822867501  4921095750
BRIT ENERGY PLC     555140Q VX    -5822867501  4921095750
BRIT ENERGY-A       BENA GR       -5822867501  4921095750
BRIT ENERGY-ADR     BHEFF US      -5822867501  4921095750
BRIT NUCLEAR        1046Z LN      -4247644150 40325778907
BRIT TELECOM        9484 JP       -5730703494 46660870566
BRIT TELECOM        BTE GR        -5730703494 46660870566
BRIT TELECOM PLC    BTPLF US      -5730703494 46660870566
BRIT TELECOM PLC    BTPWF US      -5730703494 46660870566
BRIT TELECOM PLC    BT/A VX       -5730703494 46660870566
BRIT TELECOM-ADR    1481Q CN      -5730703494 46660870566
BRIT TELECOM-ADR    BTEA GR       -5730703494 46660870566
BRIT TELECOM-RTS    BTY-R US      -5730703494 46660870566
BRITISH ENER-$US    BGYNYD AR     -5822867501  4921095750
BRITISH ENER-$US    BGYD AR       -5822867501  4921095750
BRITISH ENER-ADR    BGYNY US      -5822867501  4921095750
BRITISH ENER-BLK    BGYNYB AR     -5822867501  4921095750
BRITISH ENER-BLK    BGYB AR       -5822867501  4921095750
BRITISH ENER-C/E    BGYNYC AR     -5822867501  4921095750
BRITISH ENER-C/E    BGYC AR       -5822867501  4921095750
BRITISH ENER-CED    BGY AR        -5822867501  4921095750
BRITISH ENER-CED    BGYNY AR      -5822867501  4921095750
BRITISH ENERGY-A    BHEAF US      -5822867501  4921095750
BRITISH ENERGY-A    BGYGF US      -5822867501  4921095750
BRITISH ENERGY-A    3012442Q LN   -5822867501  4921095750
BRITISH ENERGY-A    BGYA VX       -5822867501  4921095750
BRITISH ENERGY-A    BGYA PO       -5822867501  4921095750
BRITISH TELE-FP     BT/F LN       -5730703494 46660870566
BRITISH TELE-NP     BTPXF US      -5730703494 46660870566
BRITISH TELE-NP     BT/N LN       -5730703494 46660870566
BRITVIC             B6S GR       -3988699.913  1361742201
BRITVIC PLC         BVICUSD EO   -3988699.913  1361742201
BRITVIC PLC         BVICGBP EO   -3988699.913  1361742201
BRITVIC PLC         BVIC EO      -3988699.913  1361742201
BRITVIC PLC         BVIC QM      -3988699.913  1361742201
BRITVIC PLC         BVICEUR EU   -3988699.913  1361742201
BRITVIC PLC         BVIC BQ      -3988699.913  1361742201
BRITVIC PLC         BVIC NR      -3988699.913  1361742201
BRITVIC PLC         BVIC PZ      -3988699.913  1361742201
BRITVIC PLC         BVIC NQ      -3988699.913  1361742201
BRITVIC PLC         BVIC VX      -3988699.913  1361742201
BRITVIC PLC         BVIC IX      -3988699.913  1361742201
BRITVIC PLC         BTVCF US     -3988699.913  1361742201
BRITVIC PLC         BVICEUR EO   -3988699.913  1361742201
BRITVIC PLC         BVIC TQ      -3988699.913  1361742201
BRITVIC PLC         BVIC LN      -3988699.913  1361742201
BRITVIC PLC         BVICUSD EU   -3988699.913  1361742201
BRITVIC PLC         BVIC EU      -3988699.913  1361742201
BRITVIC PLC         BVIC EB      -3988699.913  1361742201
BT GROUP PLC        BT/A BQ       -5730703494 46660870566
BT GROUP PLC        BT/A TQ       -5730703494 46660870566
BT GROUP PLC        BT IX         -5730703494 46660870566
BT GROUP PLC        BT/A EO       -5730703494 46660870566
BT GROUP PLC        BT/A NQ       -5730703494 46660870566
BT GROUP PLC        BT/AUSD EO    -5730703494 46660870566
BT GROUP PLC        BT/A NR       -5730703494 46660870566
BT GROUP PLC        BT/A EB       -5730703494 46660870566
BT GROUP PLC        BT/A PO       -5730703494 46660870566
BT GROUP PLC        BT/APEN EO    -5730703494 46660870566
BT GROUP PLC        BT/ VX        -5730703494 46660870566
BT GROUP PLC        BT/A LN       -5730703494 46660870566
BT GROUP PLC        BT/AUSD EU    -5730703494 46660870566
BT GROUP PLC        BT/AEUR EO    -5730703494 46660870566
BT GROUP PLC        BT/A EU       -5730703494 46660870566
BT GROUP PLC        BT/AGBP EO    -5730703494 46660870566
BT GROUP PLC        BTEG IX       -5730703494 46660870566
BT GROUP PLC        BT/AEUR EU    -5730703494 46660870566
BT GROUP PLC        BTQ GR        -5730703494 46660870566
BT GROUP PLC        BT PZ         -5730703494 46660870566
BT GROUP PLC        BT/APEN EU    -5730703494 46660870566
BT GROUP PLC        BT/A QM       -5730703494 46660870566
BT GROUP PLC        BTGOF US      -5730703494 46660870566
BT GROUP PLC-ADR    BT/$ LN       -5730703494 46660870566
BT GROUP PLC-W/I    BTWI LN       -5730703494 46660870566
BT GROUP-ADR        BTQA GR       -5730703494 46660870566
BT GROUP-ADR WI     BTY-W US      -5730703494 46660870566
BT GROUP-CED $US    BTD AR        -5730703494 46660870566
BT GROUP-CED $US    BTYD AR       -5730703494 46660870566
BT GROUP-CED BLK    BTYB AR       -5730703494 46660870566
BT GROUP-CED BLK    BTB AR        -5730703494 46660870566
BT GROUP-CED C/E    BTYC AR       -5730703494 46660870566
BT GROUP-CED C/E    BTC AR        -5730703494 46660870566
BT GROUP-CEDEAR     BTY AR        -5730703494 46660870566
BT GROUP-CEDEAR     BT AR         -5730703494 46660870566
BT GROUP-SPON AD    BT US         -5730703494 46660870566
BT GROUP-SPON AD    BTYN MM       -5730703494 46660870566
BT GROUP-SPON AD    BTY US        -5730703494 46660870566
BT GROUP-SPON AD    BT MM         -5730703494 46660870566
CARLISLE GROUP      506819Q LN   -11904426.45   203548565
CHRYSALIS GROUP     CYGUF US     -7422046.098 110320050.3
CHRYSALIS GROUP     CHS EO       -7422046.098 110320050.3
CHRYSALIS GROUP     CHS PZ       -7422046.098 110320050.3
CHRYSALIS GROUP     5CY GR       -7422046.098 110320050.3
CHRYSALIS GROUP     CHS VX       -7422046.098 110320050.3
CHRYSALIS GROUP     HR4 GR       -7422046.098 110320050.3
CHRYSALIS GROUP     CHSUSD EU    -7422046.098 110320050.3
CHRYSALIS GROUP     CHSGBP EO    -7422046.098 110320050.3
CHRYSALIS GROUP     CHS IX       -7422046.098 110320050.3
CHRYSALIS GROUP     CHSEUR EO    -7422046.098 110320050.3
CHRYSALIS GROUP     CHSUSD EO    -7422046.098 110320050.3
CHRYSALIS GROUP     CHS LN       -7422046.098 110320050.3
CHRYSALIS GROUP     CHS PO       -7422046.098 110320050.3
CHRYSALIS GROUP     CLYSF US     -7422046.098 110320050.3
CHRYSALIS GROUP     CHS EU       -7422046.098 110320050.3
CHRYSALIS GROUP     CHSEUR EU    -7422046.098 110320050.3
CLIPPER WINDPOWE    3470635Q LN    -218336000   776211968
CLIPPER WINDPOWE    CWP PG         -218336000   776211968
CLIPPER WINDPOWE    CWP IX         -218336000   776211968
CLIPPER WINDPOWE    CWP EO         -218336000   776211968
CLIPPER WINDPOWE    CWP PZ         -218336000   776211968
CLIPPER WINDPOWE    CRPWF US       -218336000   776211968
CLIPPER WINDPOWE    CWP LN         -218336000   776211968
CLIPPER WINDPOWE    CWP EU         -218336000   776211968
CLIPPER WINDPOWE    CWPA LN        -218336000   776211968
CLIPPER WINDPOWE    C2W GR         -218336000   776211968
COMPASS GROU-OLD    1259Q LN     -668101173.9  2972459078
COMPASS GROUP       QOP GR       -668101173.9  2972459078
COMPASS GRP-ADR     CMSGY US     -668101173.9  2972459078
COMPASS GRP-ADR     CMSJY US     -668101173.9  2972459078
COSTAIN GROUP       COST EO      -19097658.92 649978943.3
COSTAIN GROUP       COSTGBP EO   -19097658.92 649978943.3
COSTAIN GROUP       COST PO      -19097658.92 649978943.3
COSTAIN GROUP       COST PZ      -19097658.92 649978943.3
COSTAIN GROUP       COSTEUR EU   -19097658.92 649978943.3
COSTAIN GROUP       COSTEUR EO   -19097658.92 649978943.3
COSTAIN GROUP       COSTUSD EU   -19097658.92 649978943.3
COSTAIN GROUP       COST IX      -19097658.92 649978943.3
COSTAIN GROUP       COST EU      -19097658.92 649978943.3
COSTAIN GROUP       COST LN      -19097658.92 649978943.3
COSTAIN GROUP       COST VX      -19097658.92 649978943.3
COSTAIN GROUP       CSGFF US     -19097658.92 649978943.3
COSTAIN GROUP       COSTUSD EO   -19097658.92 649978943.3
COSTAIN GROU-RTS    COSF LN      -19097658.92 649978943.3
COSTAIN GROU-RTS    COSN LN      -19097658.92 649978943.3
DAILY MAIL TST      DMGO PO      -139060248.4  3723159411
DAILY MAIL TST      DMGO LN      -139060248.4  3723159411
DAILY MAIL TST      DMGO EO      -139060248.4  3723159411
DAILY MAIL TST      DMGO IX      -139060248.4  3723159411
DAILY MAIL TST      DMGO VX      -139060248.4  3723159411
DAILY MAIL TST      DMTOF US     -139060248.4  3723159411
DAILY MAIL TST      DGW GR       -139060248.4  3723159411
DAILY MAIL TST      DMGO EU      -139060248.4  3723159411
DAILY MAIL TST      DMGOGBP EO   -139060248.4  3723159411
DAILY MAIL TST      DMGO PZ      -139060248.4  3723159411
DAILY MAIL TST A    DMGTEUR EU   -139060248.4  3723159411
DAILY MAIL TST A    DGW1 GR      -139060248.4  3723159411
DAILY MAIL TST A    DMGTEUR EO   -139060248.4  3723159411
DAILY MAIL TST A    DMGTUSD EU   -139060248.4  3723159411
DAILY MAIL TST A    DMGT IX      -139060248.4  3723159411
DAILY MAIL TST A    DMGT QM      -139060248.4  3723159411
DAILY MAIL TST A    DMGT PO      -139060248.4  3723159411
DAILY MAIL TST A    DMGTGBP EO   -139060248.4  3723159411
DAILY MAIL TST A    DMGT EO      -139060248.4  3723159411
DAILY MAIL TST A    DMGT BQ      -139060248.4  3723159411
DAILY MAIL TST A    DMGT VX      -139060248.4  3723159411
DAILY MAIL TST A    DMGTUSD EO   -139060248.4  3723159411
DAILY MAIL TST A    DMGT EU      -139060248.4  3723159411
DAILY MAIL TST A    DMGT NQ      -139060248.4  3723159411
DAILY MAIL TST A    DMGT PZ      -139060248.4  3723159411
DAILY MAIL TST A    DMGT NR      -139060248.4  3723159411
DAILY MAIL TST A    DMGT EB      -139060248.4  3723159411
DAILY MAIL TST A    DMGT TQ      -139060248.4  3723159411
DAILY MAIL TST A    DMTGF US     -139060248.4  3723159411
DAILY MAIL TST A    DMGT LN      -139060248.4  3723159411
DANKA BUS SYSTEM    DNK VX         -497127008   121439000
DANKA BUS SYSTEM    3205291Q EO    -497127008   121439000
DANKA BUS SYSTEM    DNK LN         -497127008   121439000
DANKA BUS SYSTEM    DANKF US       -497127008   121439000
DANKA BUS SYSTEM    DNK PZ         -497127008   121439000
DANKA BUS SYSTEM    DNK IX         -497127008   121439000
DANKA BUS SYSTEM    3205287Q EU    -497127008   121439000
DANKA BUS SYSTEM    DNK PO         -497127008   121439000
DANKA BUS SYSTEM    3205283Q EO    -497127008   121439000
DANKA BUS-$US CE    DANKD AR       -497127008   121439000
DANKA BUS-ADR       DANKE US       -497127008   121439000
DANKA BUS-ADR       AP39 LI        -497127008   121439000
DANKA BUS-ADR       DB6 GR         -497127008   121439000
DANKA BUS-ADR       DANKY US       -497127008   121439000
DANKA BUS-BLK CE    DANKB AR       -497127008   121439000
DANKA BUS-C/E CE    DANKC AR       -497127008   121439000
DANKA BUS-CEDEAR    DANK AR        -497127008   121439000
DE LA RUE PLC       DLAR EB      -49140782.93 785933430.9
DE LA RUE PLC       DLAR EO      -49140782.93 785933430.9
DE LA RUE PLC       DLARGBP EO   -49140782.93 785933430.9
DE LA RUE PLC       DLAREUR EO   -49140782.93 785933430.9
DE LA RUE PLC       DLARUSD EO   -49140782.93 785933430.9
DE LA RUE PLC       DLAR VX      -49140782.93 785933430.9
DE LA RUE PLC       DLARCHF EU   -49140782.93 785933430.9
DE LA RUE PLC       DLAR LN      -49140782.93 785933430.9
DE LA RUE PLC       DL1C GR      -49140782.93 785933430.9
DE LA RUE PLC       DL1A GR      -49140782.93 785933430.9
DE LA RUE PLC       DLAR PO      -49140782.93 785933430.9
DE LA RUE PLC       DLARCHF EO   -49140782.93 785933430.9
DE LA RUE PLC       DLAR BQ      -49140782.93 785933430.9
DE LA RUE PLC       DLAR EU      -49140782.93 785933430.9
DE LA RUE PLC       DL1B GR      -49140782.93 785933430.9
DE LA RUE PLC       DLAR PZ      -49140782.93 785933430.9
DE LA RUE PLC       DL1 GR       -49140782.93 785933430.9
DE LA RUE PLC       DLAR QM      -49140782.93 785933430.9
DE LA RUE PLC       DLAR TQ      -49140782.93 785933430.9
DE LA RUE PLC       DLARF US     -49140782.93 785933430.9
DE LA RUE PLC       DLARUSD EU   -49140782.93 785933430.9
DE LA RUE PLC       DLAREUR EU   -49140782.93 785933430.9
DE LA RUE PLC       DLAR IX      -49140782.93 785933430.9
DE LA RUE PLC       DLAR NQ      -49140782.93 785933430.9
DE LA RUE PLC       DLRUF US     -49140782.93 785933430.9
DE LA RUE PLC       DLAR NR      -49140782.93 785933430.9
DE LA RUE PLC       DELRF US     -49140782.93 785933430.9
DE LA RUE-ADR       DLUEY US     -49140782.93 785933430.9
DE LA RUE-ADR       DERUY US     -49140782.93 785933430.9
DE LA RUE-PREF      3115438Q EU  -49140782.93 785933430.9
DE LA RUE-PREF      DLAP LN      -49140782.93 785933430.9
DE LA RUE-PREF      DLAP PZ      -49140782.93 785933430.9
EASYNET GROUP       EZNGF US     -60380609.34 334049332.2
EASYNET GROUP       ESY PO       -60380609.34 334049332.2
EASYNET GROUP       EAY GR       -60380609.34 334049332.2
EASYNET GROUP       ESY VX       -60380609.34 334049332.2
EASYNET GROUP       ESY LN       -60380609.34 334049332.2
EASYNET GROUP-CV    91009Z LN    -60380609.34 334049332.2
EMI GROUP -ASSD     EMIA LN       -2265916257  2950021937
EMI GROUP LTD       EMI LN        -2265916257  2950021937
EMI GROUP PLC       3020138Q GR   -2265916257  2950021937
EMI GROUP PLC       EMIPF US      -2265916257  2950021937
EMI GROUP PLC       EMI PO        -2265916257  2950021937
EMI GROUP PLC       EMI VX        -2265916257  2950021937
EMI GROUP PLC       EMI IX        -2265916257  2950021937
EMI GROUP PLC-B     1019425Q LN   -2265916257  2950021937
EMI GROUP-ADR       EMI$ LN       -2265916257  2950021937
EMI GROUP-ADR       38IS LN       -2265916257  2950021937
EMI GROUP-ADR       EMIPY US      -2265916257  2950021937
EUROPEAN HOME       EHR VX       -14328735.16 110864081.4
EUROPEAN HOME       EHR LN       -14328735.16 110864081.4
EUROPEAN HOME       EHR PO       -14328735.16 110864081.4
EUROPEAN HOME       EHRGBP EO    -14328735.16 110864081.4
EUROPEAN HOME       EHREUR EU    -14328735.16 110864081.4
EUROPEAN HOME       EHR PZ       -14328735.16 110864081.4
EUROPEAN HOME       EHREUR EO    -14328735.16 110864081.4
EUROPEAN HOME       KLZ PO       -14328735.16 110864081.4
EUROPEAN HOME       FPAKF US     -14328735.16 110864081.4
EUROPEAN HOME       KLZ VX       -14328735.16 110864081.4
EUROPEAN HOME       EHR EU       -14328735.16 110864081.4
EUROPEAN HOME       EHR EO       -14328735.16 110864081.4
EUROPEAN MINERAL    EUM PO         -123563000   104843000
EUROPEAN MINERAL    EUM LN         -123563000   104843000
EUROPEAN MINERAL    EPM/U CN       -123563000   104843000
EUROPEAN MINERAL    EPMLF US       -123563000   104843000
EUROPEAN MINERAL    EPM CN         -123563000   104843000
FAREPAK PLC         FPK LN       -14328735.16 110864081.4
FARNELL ELEC-ADR    FRN$ LN      -53758146.86 722693619.5
FARNELL ELEC-ADR    FRNZ LN      -53758146.86 722693619.5
FARNELL ELEC-RFD    FRNR LN      -53758146.86 722693619.5
FARNELL ELECTRON    FRNL LN      -53758146.86 722693619.5
GALIFORM PLC        GFRMNOK EU   -116415877.1 612420067.1
GALIFORM PLC        GFRMEUR EO   -116415877.1 612420067.1
GALIFORM PLC        GFRM NR      -116415877.1 612420067.1
GALIFORM PLC        GFRM EB      -116415877.1 612420067.1
GALIFORM PLC        GFRM BQ      -116415877.1 612420067.1
GALIFORM PLC        GFRM EO      -116415877.1 612420067.1
GALIFORM PLC        GFRMEUR EU   -116415877.1 612420067.1
GALIFORM PLC        GFRM PO      -116415877.1 612420067.1
GALIFORM PLC        GLFMF US     -116415877.1 612420067.1
GALIFORM PLC        GFRMGBP EO   -116415877.1 612420067.1
GALIFORM PLC        GFRMNOK EO   -116415877.1 612420067.1
GALIFORM PLC        GFRM EU      -116415877.1 612420067.1
GALIFORM PLC        GFRM IX      -116415877.1 612420067.1
GALIFORM PLC        MFI PO       -116415877.1 612420067.1
GALIFORM PLC        GFRM TQ      -116415877.1 612420067.1
GALIFORM PLC        MFI IX       -116415877.1 612420067.1
GALIFORM PLC        GFRM VX      -116415877.1 612420067.1
GALIFORM PLC        GFRM QM      -116415877.1 612420067.1
GALIFORM PLC        MFIFF US     -116415877.1 612420067.1
GALIFORM PLC        MFI VX       -116415877.1 612420067.1
GALIFORM PLC        GFRM LN      -116415877.1 612420067.1
GALIFORM PLC        GFRM NQ      -116415877.1 612420067.1
GALIFORM PLC        GFRM PZ      -116415877.1 612420067.1
GARTLAND WHALLEY    GWB LN       -10986769.42 145352034.5
GARTMORE GROUP      G8T GR       -197233258.3 975283243.9
GARTMORE GROUP      GRT3USD EO   -197233258.3 975283243.9
GARTMORE GROUP      GRT3USD EU   -197233258.3 975283243.9
GARTMORE GROUP      GRT LN       -197233258.3 975283243.9
GARTMORE GROUP      GRT3GBP EO   -197233258.3 975283243.9
GO-AHEAD GROUP      GOGEUR EO    -15712050.26  1619995130
GO-AHEAD GROUP      GOG EU       -15712050.26  1619995130
GO-AHEAD GROUP      GOG TQ       -15712050.26  1619995130
GO-AHEAD GROUP      GOGGBP EO    -15712050.26  1619995130
GO-AHEAD GROUP      GOG EO       -15712050.26  1619995130
GO-AHEAD GROUP      GOG LN       -15712050.26  1619995130
GO-AHEAD GROUP      G9X GR       -15712050.26  1619995130
GO-AHEAD GROUP      GOG BQ       -15712050.26  1619995130
GO-AHEAD GROUP      GOG PZ       -15712050.26  1619995130
GO-AHEAD GROUP      GOG PO       -15712050.26  1619995130
GO-AHEAD GROUP      GOG IX       -15712050.26  1619995130
GO-AHEAD GROUP      GOG NQ       -15712050.26  1619995130
GO-AHEAD GROUP      GOG NR       -15712050.26  1619995130
GO-AHEAD GROUP      GOG VX       -15712050.26  1619995130
GO-AHEAD GROUP      GOGEUR EU    -15712050.26  1619995130
GO-AHEAD GROUP      GHGUF US     -15712050.26  1619995130
GO-AHEAD GROUP      GOG QM       -15712050.26  1619995130
GO-AHEAD GROUP      GOG EB       -15712050.26  1619995130
GREEN (E) & PART    GEP LN       -27530263.14   313453511
HAWTIN PLC          HTI LN       -3873861.331 110875080.8
HAWTIN PLC          HWN GR       -3873861.331 110875080.8
HAWTIN PLC          HTI EU       -3873861.331 110875080.8
HAWTIN PLC          HTI PO       -3873861.331 110875080.8
HAWTIN PLC          HTI VX       -3873861.331 110875080.8
HAWTIN PLC          HTI PZ       -3873861.331 110875080.8
HAWTIN PLC          HTI PG       -3873861.331 110875080.8
HAWTIN PLC          HTI EO       -3873861.331 110875080.8
HAWTIN PLC          HTI IX       -3873861.331 110875080.8
HILTON G-CRT OLD    HIGT BB        -547740614  1922113569
HILTON GROUP PLC    HG/ LN         -547740614  1922113569
HILTON GROUP PLC    HLTGF US       -547740614  1922113569
HILTON GROUP PLC    HG PO          -547740614  1922113569
HILTON GROUP-ADR    HLTGY US       -547740614  1922113569
HILTON GROUP-CER    HG BB          -547740614  1922113569
HILTON GROUP-CRT    HIG BB         -547740614  1922113569
HOGG ROBINSON GR    HRGEUR EU       -11371715 739481804.8
HOGG ROBINSON GR    HRG LN          -11371715 739481804.8
HOGG ROBINSON GR    HRG PZ          -11371715 739481804.8
HOGG ROBINSON GR    HRGGBP EO       -11371715 739481804.8
HOGG ROBINSON GR    HRG EU          -11371715 739481804.8
HOGG ROBINSON GR    HRGEUR EO       -11371715 739481804.8
HOGG ROBINSON GR    DQX GR          -11371715 739481804.8
HOGG ROBINSON GR    HRG IX          -11371715 739481804.8
HOGG ROBINSON GR    HOGGF US        -11371715 739481804.8
HOGG ROBINSON GR    HRG EO          -11371715 739481804.8
HOGG ROBINSON GR    HRG VX          -11371715 739481804.8
INTERCONTIN-ADR     IHGA LN         -39000000  2911000064
INTERCONTIN-ADR     IHG US          -39000000  2911000064
INTERCONTIN-ADR     IHG-W US        -39000000  2911000064
INTERCONTINENTAL    IHG NQ          -39000000  2911000064
INTERCONTINENTAL    IHGUSD EU       -39000000  2911000064
INTERCONTINENTAL    IHGGBP EO       -39000000  2911000064
INTERCONTINENTAL    988082Q GR      -39000000  2911000064
INTERCONTINENTAL    IHG EU          -39000000  2911000064
INTERCONTINENTAL    ICHGF US        -39000000  2911000064
INTERCONTINENTAL    IC1B GR         -39000000  2911000064
INTERCONTINENTAL    IHG VX          -39000000  2911000064
INTERCONTINENTAL    IHG LN          -39000000  2911000064
INTERCONTINENTAL    IC1C GR         -39000000  2911000064
INTERCONTINENTAL    IHG EO          -39000000  2911000064
INTERCONTINENTAL    IHGOF US        -39000000  2911000064
INTERCONTINENTAL    IHG QM          -39000000  2911000064
INTERCONTINENTAL    INCNF US        -39000000  2911000064
INTERCONTINENTAL    IHGCHF EO       -39000000  2911000064
INTERCONTINENTAL    IHGEUR EO       -39000000  2911000064
INTERCONTINENTAL    IHGEUR EU       -39000000  2911000064
INTERCONTINENTAL    IHG PZ          -39000000  2911000064
INTERCONTINENTAL    IHGUSD EO       -39000000  2911000064
INTERCONTINENTAL    IHG BQ          -39000000  2911000064
INTERCONTINENTAL    IC1 GR          -39000000  2911000064
INTERCONTINENTAL    IHG IX          -39000000  2911000064
INTERCONTINENTAL    IHGCHF EU       -39000000  2911000064
INTERCONTINENTAL    IHG EB          -39000000  2911000064
INTERCONTINENTAL    IC1A GR         -39000000  2911000064
INTERCONTINENTAL    IHG PO          -39000000  2911000064
INTERCONTINENTAL    IHG NR          -39000000  2911000064
INTERCONTINENTAL    IHG TQ          -39000000  2911000064
JARVIS PLC          JRVS IX      -64739862.73   130951086
JARVIS PLC          JRVSGBP EO   -64739862.73   130951086
JARVIS PLC          JRVS EO      -64739862.73   130951086
JARVIS PLC          JRVSEUR EO   -64739862.73   130951086
JARVIS PLC          JRVS EU      -64739862.73   130951086
JARVIS PLC          JVSPF US     -64739862.73   130951086
JARVIS PLC          JRVS PZ      -64739862.73   130951086
JARVIS PLC          JRVS PO      -64739862.73   130951086
JARVIS PLC          JRVS LN      -64739862.73   130951086
JARVIS PLC          JVR GR       -64739862.73   130951086
JARVIS PLC          JRVSEUR EU   -64739862.73   130951086
JARVIS PLC          JRVS VX      -64739862.73   130951086
JESSOPS PLC         JSP PO        -42702021.2 112964060.4
JESSOPS PLC         JSP EO        -42702021.2 112964060.4
JESSOPS PLC         JS4 GR        -42702021.2 112964060.4
JESSOPS PLC         JSPEUR EO     -42702021.2 112964060.4
JESSOPS PLC         JSP LN        -42702021.2 112964060.4
JESSOPS PLC         JSP IX        -42702021.2 112964060.4
JESSOPS PLC         JSPGBP EO     -42702021.2 112964060.4
JESSOPS PLC         JSP VX        -42702021.2 112964060.4
JESSOPS PLC         JSPEUR EU     -42702021.2 112964060.4
JESSOPS PLC         JSP PZ        -42702021.2 112964060.4
JESSOPS PLC         JSP EU        -42702021.2 112964060.4
KAZAKHSTAN MNRLS    KMC/U CN       -123563000   104843000
KAZAKHSTAN MNRLS    KMCO/U CN      -123563000   104843000
KAZAKHSTAN MNRLS    KMCOF US       -123563000   104843000
KAZAKHSTAN MNRLS    KMCO CN        -123563000   104843000
KLEENEZE PLC        KLZ LN       -14328735.16 110864081.4
LADBROKE GROUP      LADB LN        -547740614  1922113569
LADBROKE GRP-IDR    695767Q BB     -547740614  1922113569
LADBROKE GRP-OLD    LADB BB        -547740614  1922113569
LADBROKES - FPR     LADF PZ        -547740614  1922113569
LADBROKES - FPR     LADF LN        -547740614  1922113569
LADBROKES PLC       LADNZD EO      -547740614  1922113569
LADBROKES PLC       LAD NR         -547740614  1922113569
LADBROKES PLC       HG/ VX         -547740614  1922113569
LADBROKES PLC       LAD LN         -547740614  1922113569
LADBROKES PLC       LAD EU         -547740614  1922113569
LADBROKES PLC       LAD NQ         -547740614  1922113569
LADBROKES PLC       LAD EB         -547740614  1922113569
LADBROKES PLC       LADUSD EO      -547740614  1922113569
LADBROKES PLC       LAD GR         -547740614  1922113569
LADBROKES PLC       LADGBP EO      -547740614  1922113569
LADBROKES PLC       LAD IX         -547740614  1922113569
LADBROKES PLC       LDBKF US       -547740614  1922113569
LADBROKES PLC       LADEUR EU      -547740614  1922113569
LADBROKES PLC       LAD QM         -547740614  1922113569
LADBROKES PLC       LAD PZ         -547740614  1922113569
LADBROKES PLC       LAD BQ         -547740614  1922113569
LADBROKES PLC       LADEUR EO      -547740614  1922113569
LADBROKES PLC       LAD VX         -547740614  1922113569
LADBROKES PLC       LAD PO         -547740614  1922113569
LADBROKES PLC       LAD EO         -547740614  1922113569
LADBROKES PLC       LADNZD EU      -547740614  1922113569
LADBROKES PLC       LAD TQ         -547740614  1922113569
LADBROKES PLC-AD    LDBKY US       -547740614  1922113569
LADBROKES PLC-AD    LDBKY LN       -547740614  1922113569
LADBROKES PLC-CE    LAD BB         -547740614  1922113569
LADBROKES PLC-NP    LADN LN        -547740614  1922113569
LADBROKES PLC-NP    LADN PZ        -547740614  1922113569
LAMBERT FENCHURC    LMF LN       -1453050.041  1826806853
LEEDS SPORTING      LES LN        -73166148.8 143762193.7
LEEDS SPORTING      LEDPF US      -73166148.8 143762193.7
LEEDS UNITED PLC    LDSUF US      -73166148.8 143762193.7
LEEDS UNITED PLC    LUFC LN       -73166148.8 143762193.7
LEEDS UNITED PLC    889687Q GR    -73166148.8 143762193.7
LONDON TOWN PLC     LTW PG       -21897636.36 175672299.2
LONDON TOWN PLC     LTWR LN      -21897636.36 175672299.2
LONDON TOWN PLC     LTW LN       -21897636.36 175672299.2
LONDON TOWN PLC     LTW PO       -21897636.36 175672299.2
LONDON TOWN PLC     LTW PZ       -21897636.36 175672299.2
LONDON TOWN PLC     LTWX LN      -21897636.36 175672299.2
LONDON TOWN PLC     LOU GR       -21897636.36 175672299.2
LONDON TOWN PLC     LTW IX       -21897636.36 175672299.2
LONDON TOWN PLC     LTW EO       -21897636.36 175672299.2
LONDON TOWN PLC     LTW EU       -21897636.36 175672299.2
M 2003 PLC          203055Q LN    -2203513803  7204891602
M 2003 PLC          MTWOF US      -2203513803  7204891602
M 2003 PLC-ADR      MTWOE US      -2203513803  7204891602
M 2003 PLC-ADR      MTWOY US      -2203513803  7204891602
MARCONI PLC         MONI BB       -2203513803  7204891602
MARCONI PLC         203083Q VX    -2203513803  7204891602
MARCONI PLC         MNI LN        -2203513803  7204891602
MARCONI PLC         MNI BB        -2203513803  7204891602
MARCONI PLC         MRCQF US      -2203513803  7204891602
MARCONI PLC         MY2 GR        -2203513803  7204891602
MARCONI PLC-ADR     MONIE US      -2203513803  7204891602
MARCONI PLC-ADR     QUQMON AU     -2203513803  7204891602
MARCONI PLC-ADR     MONIY US      -2203513803  7204891602
MARCONI PLC-ADR     MCBA GR       -2203513803  7204891602
MARCONI PLC-ADR     MRCQY US      -2203513803  7204891602
MARCONI PLC-ADR     MY2A GR       -2203513803  7204891602
MARCONI PLC-ADR     MONI US       -2203513803  7204891602
MARCONI PLC-ADR     MCONY US      -2203513803  7204891602
MFI FURNITURE GR    MFI LN       -116415877.1 612420067.1
MINERVA PLC         MNR VX       -76016914.25  1319730523
MINERVA PLC         MNR PO       -76016914.25  1319730523
MINERVA PLC         MNR PZ       -76016914.25  1319730523
MINERVA PLC         MNR EU       -76016914.25  1319730523
MINERVA PLC         MNRGBP EO    -76016914.25  1319730523
MINERVA PLC         MNREUR EU    -76016914.25  1319730523
MINERVA PLC         MNR IX       -76016914.25  1319730523
MINERVA PLC         MNR NR       -76016914.25  1319730523
MINERVA PLC         MNRA LN      -76016914.25  1319730523
MINERVA PLC         MNVAF US     -76016914.25  1319730523
MINERVA PLC         MNR LN       -76016914.25  1319730523
MINERVA PLC         MNR EO       -76016914.25  1319730523
MINERVA PLC         MNR TQ       -76016914.25  1319730523
MINERVA PLC         MNREUR EO    -76016914.25  1319730523
MINERVA PLC         M7E GR       -76016914.25  1319730523
MINERVA PLC-NP      MNRN LN      -76016914.25  1319730523
MYTRAVEL GROUP      MT/S LN      -379721841.6  1817512774
MYTRAVEL GROUP      MT IX        -379721841.6  1817512774
MYTRAVEL GROUP      ARO2 GR      -379721841.6  1817512774
MYTRAVEL GROUP      MT/S VX      -379721841.6  1817512774
MYTRAVEL GROUP      MT/S PO      -379721841.6  1817512774
MYTRAVEL GROUP      MYTPF US     -379721841.6  1817512774
MYTRAVEL GROUP P    1018144Q GR  -379721841.6  1817512774
MYTRAVEL GROUP P    MT/ VX       -379721841.6  1817512774
MYTRAVEL GROUP P    MYTGF US     -379721841.6  1817512774
MYTRAVEL GROUP-A    MYTVF US     -379721841.6  1817512774
MYTRAVEL GROUP-A    2281919Q GR  -379721841.6  1817512774
NEW STAR ASSET      N6S GR         -397718038 292972732.1
NEW STAR ASSET      NSAM LN        -397718038 292972732.1
NEW STAR ASSET      NSAM PZ        -397718038 292972732.1
NEW STAR ASSET      NSAM PO        -397718038 292972732.1
NEW STAR ASSET      NSAM IX        -397718038 292972732.1
NEW STAR ASSET      NWSAF US       -397718038 292972732.1
NEW STAR ASSET      3226431Q EU    -397718038 292972732.1
NEW STAR ASSET      3226435Q EO    -397718038 292972732.1
NEW STAR ASSET      NSAA LN        -397718038 292972732.1
NEW STAR ASSET      3226443Q EO    -397718038 292972732.1
NEW STAR ASSET      3226447Q EO    -397718038 292972732.1
NEW STAR ASSET      NSAM TQ        -397718038 292972732.1
NEW STAR ASSET      3226439Q EU    -397718038 292972732.1
ORANGE PLC          ORNGF US       -593935051  2902299502
ORANGE PLC          1460Q GR       -593935051  2902299502
ORANGE PLC          951641Q LN     -593935051  2902299502
ORANGE PLC-ADR      ONG GR         -593935051  2902299502
ORANGE PLC-ADR      ORNGY US       -593935051  2902299502
ORANGE PLC-ADR      ORA$ LN        -593935051  2902299502
ORBIS PLC           OBG PO       -4168498.479 127701679.5
ORBIS PLC           ORBSF US     -4168498.479 127701679.5
ORBIS PLC           RLP GR       -4168498.479 127701679.5
ORBIS PLC           OBS PZ       -4168498.479 127701679.5
ORBIS PLC           OBS PO       -4168498.479 127701679.5
ORBIS PLC           OBS IX       -4168498.479 127701679.5
ORBIS PLC           OBS LN       -4168498.479 127701679.5
ORSU METALS CORP    OSU PZ         -123563000   104843000
ORSU METALS CORP    E4M1 GR        -123563000   104843000
ORSU METALS CORP    EPMCF US       -123563000   104843000
ORSU METALS CORP    OSU PG         -123563000   104843000
ORSU METALS CORP    OSU CN         -123563000   104843000
ORSU METALS CORP    OSUMF US       -123563000   104843000
ORSU METALS CORP    ORSM007* RU    -123563000   104843000
ORSU METALS CORP    ORSUF US       -123563000   104843000
ORSU METALS CORP    E4M GR         -123563000   104843000
ORSU METALS CORP    OSUGBX EO      -123563000   104843000
ORSU METALS CORP    OSU LN         -123563000   104843000
ORSU METALS CORP    ORSM007 RU     -123563000   104843000
ORSU METALS CORP    EUM IX         -123563000   104843000
PARK FOOD GROUP     PKFD LN      -52867263.19 185089877.3
PARK GROUP PLC      PKG PZ       -52867263.19 185089877.3
PARK GROUP PLC      PKG EU       -52867263.19 185089877.3
PARK GROUP PLC      PKGGBP EO    -52867263.19 185089877.3
PARK GROUP PLC      PKG EO       -52867263.19 185089877.3
PARK GROUP PLC      PRKGF US     -52867263.19 185089877.3
PARK GROUP PLC      PKG VX       -52867263.19 185089877.3
PARK GROUP PLC      PKG LN       -52867263.19 185089877.3
PARK GROUP PLC      PRKG IX      -52867263.19 185089877.3
PARK GROUP PLC      PKG PO       -52867263.19 185089877.3
PATIENTLINE PLC     PTL PO       -54677284.64 124948245.8
PATIENTLINE PLC     2928903Q EU  -54677284.64 124948245.8
PATIENTLINE PLC     PTL PZ       -54677284.64 124948245.8
PATIENTLINE PLC     PTL IX       -54677284.64 124948245.8
PATIENTLINE PLC     2928907Q EO  -54677284.64 124948245.8
PATIENTLINE PLC     2928899Q EO  -54677284.64 124948245.8
PATIENTLINE PLC     PTL LN       -54677284.64 124948245.8
PATIENTLINE PLC     PTL VX       -54677284.64 124948245.8
PREMIER FARN-ADR    2246804Q US  -53758146.86 722693619.5
PREMIER FARN-ADR    PFLZ LN      -53758146.86 722693619.5
PREMIER FARN-ADR    PIFLY US     -53758146.86 722693619.5
PREMIER FARNELL     PFLSEK EO    -53758146.86 722693619.5
PREMIER FARNELL     PFLUSD EU    -53758146.86 722693619.5
PREMIER FARNELL     PFL VX       -53758146.86 722693619.5
PREMIER FARNELL     PFL LN       -53758146.86 722693619.5
PREMIER FARNELL     PFLSEK EU    -53758146.86 722693619.5
PREMIER FARNELL     PFL EO       -53758146.86 722693619.5
PREMIER FARNELL     PFLGBP EO    -53758146.86 722693619.5
PREMIER FARNELL     PFL TQ       -53758146.86 722693619.5
PREMIER FARNELL     PFL PO       -53758146.86 722693619.5
PREMIER FARNELL     PFL PZ       -53758146.86 722693619.5
PREMIER FARNELL     PIFLF US     -53758146.86 722693619.5
PREMIER FARNELL     PFL EU       -53758146.86 722693619.5
PREMIER FARNELL     PFL QM       -53758146.86 722693619.5
PREMIER FARNELL     PFL IX       -53758146.86 722693619.5
PREMIER FARNELL     PFL NR       -53758146.86 722693619.5
PREMIER FARNELL     PML GR       -53758146.86 722693619.5
PREMIER FARNELL     PFLEUR EO    -53758146.86 722693619.5
PREMIER FARNELL     PFLEUR EU    -53758146.86 722693619.5
PREMIER FARNELL     PFLUSD EO    -53758146.86 722693619.5
PREMIER FARNELL     PFL EB       -53758146.86 722693619.5
PREMIER FARNELL     PFL NQ       -53758146.86 722693619.5
PREMIER FARNELL     PFL BQ       -53758146.86 722693619.5
PROSTRAKAN GROUP    PSK VX       -1646349.907 143067806.9
PROSTRAKAN GROUP    PSKEUR EU    -1646349.907 143067806.9
PROSTRAKAN GROUP    PSKGBP EO    -1646349.907 143067806.9
PROSTRAKAN GROUP    PSKEUR EO    -1646349.907 143067806.9
PROSTRAKAN GROUP    PSK IX       -1646349.907 143067806.9
PROSTRAKAN GROUP    PSK LN       -1646349.907 143067806.9
PROSTRAKAN GROUP    PSK EU       -1646349.907 143067806.9
PROSTRAKAN GROUP    PSK PZ       -1646349.907 143067806.9
PROSTRAKAN GROUP    PSK EO       -1646349.907 143067806.9
PROSTRAKAN GROUP    PSK PO       -1646349.907 143067806.9
PROSTRAKAN GROUP    PKNGF US     -1646349.907 143067806.9
REAL ESTATE OP-O    REO ID       -145048365.8  2933767507
REAL ESTATE OP-O    REO IX       -145048365.8  2933767507
REAL ESTATE OP-O    REO LN       -145048365.8  2933767507
REAL ESTATE OP-O    REA GR       -145048365.8  2933767507
REAL ESTATE OP-O    REO EO       -145048365.8  2933767507
REAL ESTATE OP-O    REO VX       -145048365.8  2933767507
REAL ESTATE OP-O    REO EU       -145048365.8  2933767507
REAL ESTATE OP-O    REOGBP EO    -145048365.8  2933767507
REAL ESTATE OP-O    REO PZ       -145048365.8  2933767507
REGUS LTD           273187Q LN   -46111835.37   367181111
REGUS PLC           RGU GR       -46111835.37   367181111
REGUS PLC           REGSF US     -46111835.37   367181111
REGUS PLC           273195Q VX   -46111835.37   367181111
REGUS PLC           2296Z LN     -46111835.37   367181111
REGUS PLC-ADS       REGSY US     -46111835.37   367181111
REGUS PLC-ADS       REGSV US     -46111835.37   367181111
REGUS PLC-ADS       RGUA GR      -46111835.37   367181111
REGUS PLC-ADS       REGS US      -46111835.37   367181111
RENTOKIL INITIAL    RTO IX       -351331070.1  3368925867
RENTOKIL INITIAL    RTO EU       -351331070.1  3368925867
RENTOKIL INITIAL    RTOG IX      -351331070.1  3368925867
RENTOKIL INITIAL    RTO PZ       -351331070.1  3368925867
RENTOKIL INITIAL    RTO GR       -351331070.1  3368925867
RENTOKIL INITIAL    RTO VX       -351331070.1  3368925867
RENTOKIL INITIAL    RTOGBP EO    -351331070.1  3368925867
RENTOKIL INITIAL    RTOKF US     -351331070.1  3368925867
RENTOKIL INITIAL    RTO NR       -351331070.1  3368925867
RENTOKIL INITIAL    RTO BQ       -351331070.1  3368925867
RENTOKIL INITIAL    RTOUSD EU    -351331070.1  3368925867
RENTOKIL INITIAL    RTO LN       -351331070.1  3368925867
RENTOKIL INITIAL    RTO1 GR      -351331070.1  3368925867
RENTOKIL INITIAL    RTO EO       -351331070.1  3368925867
RENTOKIL INITIAL    RTOUSD EO    -351331070.1  3368925867
RENTOKIL INITIAL    RTO QM       -351331070.1  3368925867
RENTOKIL INITIAL    RKLIF US     -351331070.1  3368925867
RENTOKIL INITIAL    RTO EB       -351331070.1  3368925867
RENTOKIL INITIAL    RTOEUR EO    -351331070.1  3368925867
RENTOKIL INITIAL    RTO NQ       -351331070.1  3368925867
RENTOKIL INITIAL    RTO PO       -351331070.1  3368925867
RENTOKIL INITIAL    RTOEUR EU    -351331070.1  3368925867
RENTOKIL INITIAL    RTO TQ       -351331070.1  3368925867
RENTOKIL-SP ADR     AP76 LI      -351331070.1  3368925867
RENTOKIL-SP ADR     RTOKY US     -351331070.1  3368925867
SAATCHI & SA-ADR    SSI$ LN      -119260804.2 705060824.5
SAATCHI & SA-ADR    SSA US       -119260804.2 705060824.5
SAATCHI & SAATCH    SSATF US     -119260804.2 705060824.5
SAATCHI & SAATCH    188190Q GR   -119260804.2 705060824.5
SAATCHI & SAATCH    SSI LN       -119260804.2 705060824.5
SCOTTISH MEDIA      SSM LN       -49061227.23   212049868
SCOTTISH MEDIA      1442Q GR     -49061227.23   212049868
SCOTTISH MEDIA      SSMR LN      -49061227.23   212049868
SCOTTISH TELEV      SCTVF US     -49061227.23   212049868
SETON HEALTHCARE    2290Z LN     -10585179.82 156822902.8
SFI GROUP PLC       SUF LN       -108067115.8 177647536.1
SFI GROUP PLC       SUYFF US     -108067115.8 177647536.1
SKYEPHARMA PLC      SKPEUR EO    -134177517.4 149159301.6
SKYEPHARMA PLC      SKP VX       -134177517.4 149159301.6
SKYEPHARMA PLC      SKP LN       -134177517.4 149159301.6
SKYEPHARMA PLC      SKP TQ       -134177517.4 149159301.6
SKYEPHARMA PLC      SK8C GR      -134177517.4 149159301.6
SKYEPHARMA PLC      SKPGBP EO    -134177517.4 149159301.6
SKYEPHARMA PLC      SKYEF US     -134177517.4 149159301.6
SKYEPHARMA PLC      SKP PO       -134177517.4 149159301.6
SKYEPHARMA PLC      SKP PZ       -134177517.4 149159301.6
SKYEPHARMA PLC      SK8A GR      -134177517.4 149159301.6
SKYEPHARMA PLC      SKP EU       -134177517.4 149159301.6
SKYEPHARMA PLC      SKP1 VX      -134177517.4 149159301.6
SKYEPHARMA PLC      SKPEUR EU    -134177517.4 149159301.6
SKYEPHARMA PLC      SKP EO       -134177517.4 149159301.6
SKYEPHARMA PLC      SKP IX       -134177517.4 149159301.6
SKYEPHARMA -SUB     2976665Z LN  -134177517.4 149159301.6
SKYEPHARMA-ADR      SK8N GR      -134177517.4 149159301.6
SKYEPHARMA-ADR      SK8 GR       -134177517.4 149159301.6
SKYEPHARMA-ADR      SKYPY US     -134177517.4 149159301.6
SKYEPHARMA-ADR      AP80 LI      -134177517.4 149159301.6
SKYEPHARMA-ADR      SKYE US      -134177517.4 149159301.6
SKYEPHARMA-ADR      SKYEY US     -134177517.4 149159301.6
SKYEPHAR-RTS F/P    SKPF LN      -134177517.4 149159301.6
SKYEPHAR-RTS F/P    SKPF VX      -134177517.4 149159301.6
SKYEPHAR-RTS N/P    SKPN VX      -134177517.4 149159301.6
SKYEPHAR-RTS N/P    SKPN LN      -134177517.4 149159301.6
SMG PLC             SMG LN       -49061227.23   212049868
SMG PLC             SMG PO       -49061227.23   212049868
SMG PLC-FUL PAID    SMGF LN      -49061227.23   212049868
SMG PLC-NIL PAID    SMGN LN      -49061227.23   212049868
SMITHS NEWS PLC     NWS LN       -111380853.7 310693960.2
SMITHS NEWS PLC     NWS PO       -111380853.7 310693960.2
SMITHS NEWS PLC     NWS PZ       -111380853.7 310693960.2
SMITHS NEWS PLC     SMWPY US     -111380853.7 310693960.2
SMITHS NEWS PLC     NWS2EUR EU   -111380853.7 310693960.2
SMITHS NEWS PLC     NWS1GBP EO   -111380853.7 310693960.2
SMITHS NEWS PLC     NWS1 EU      -111380853.7 310693960.2
SMITHS NEWS PLC     NWS VX       -111380853.7 310693960.2
SMITHS NEWS PLC     NWS2 TQ      -111380853.7 310693960.2
SMITHS NEWS PLC     NWS2 EU      -111380853.7 310693960.2
SMITHS NEWS PLC     NWS IX       -111380853.7 310693960.2
SMITHS NEWS PLC     NWS1 EO      -111380853.7 310693960.2
SMITHS NEWS PLC     SMWPF US     -111380853.7 310693960.2
SMITHS NEWS PLC     NWS2EUR EO   -111380853.7 310693960.2
SMITHS NEWS PLC     NWS2GBP EO   -111380853.7 310693960.2
SMITHS NEWS PLC     NWS1 BQ      -111380853.7 310693960.2
SMITHS NEWS PLC     NWS2 EO      -111380853.7 310693960.2
STAGECOACH GROUP    SGC1AUD EU   -113434621.8  2507562892
STAGECOACH GROUP    SGC1 TQ      -113434621.8  2507562892
STAGECOACH GROUP    SGC IX       -113434621.8  2507562892
STAGECOACH GROUP    SGC PO       -113434621.8  2507562892
STAGECOACH GROUP    SGC1AUD EO   -113434621.8  2507562892
STAGECOACH GROUP    SGC2 VX      -113434621.8  2507562892
STAGECOACH GROUP    SGC1 BQ      -113434621.8  2507562892
STAGECOACH GROUP    SHP4 GR      -113434621.8  2507562892
STAGECOACH GROUP    SGC LN       -113434621.8  2507562892
STAGECOACH GROUP    SGC1EUR EO   -113434621.8  2507562892
STAGECOACH GROUP    SAGKF US     -113434621.8  2507562892
STAGECOACH GROUP    SGC1 EB      -113434621.8  2507562892
STAGECOACH GROUP    SGC1USD EO   -113434621.8  2507562892
STAGECOACH GROUP    SGCG PZ      -113434621.8  2507562892
STAGECOACH GROUP    SGC1 NQ      -113434621.8  2507562892
STAGECOACH GROUP    SHP GR       -113434621.8  2507562892
STAGECOACH GROUP    SGC1 EU      -113434621.8  2507562892
STAGECOACH GROUP    SGC1EUR EU   -113434621.8  2507562892
STAGECOACH GROUP    SGC1 NR      -113434621.8  2507562892
STAGECOACH GROUP    SGC1USD EU   -113434621.8  2507562892
STAGECOACH GROUP    SGC1 QM      -113434621.8  2507562892
STAGECOACH GROUP    SGC1GBP EO   -113434621.8  2507562892
STAGECOACH GROUP    SGC1 EO      -113434621.8  2507562892
STAGECOACH GRP-B    SGCB LN      -113434621.8  2507562892
STAGECOACH-NEW      SGCN LN      -113434621.8  2507562892
STV GROUP PLC       STVGEUR EO   -49061227.23   212049868
STV GROUP PLC       SMG VX       -49061227.23   212049868
STV GROUP PLC       SMGPF US     -49061227.23   212049868
STV GROUP PLC       SMG IX       -49061227.23   212049868
STV GROUP PLC       STVGGBP EO   -49061227.23   212049868
STV GROUP PLC       STVG LN      -49061227.23   212049868
STV GROUP PLC       STVG EU      -49061227.23   212049868
STV GROUP PLC       STVG EO      -49061227.23   212049868
STV GROUP PLC       SMG PZ       -49061227.23   212049868
STV GROUP PLC       STVGEUR EU   -49061227.23   212049868
STV GROUP PLC       STVG VX      -49061227.23   212049868
TELEWEST COM-ADR    TWT$ LN       -3702234581  7581020925
TELEWEST COM-ADR    TWSTD US      -3702234581  7581020925
TELEWEST COM-ADR    TWSTY US      -3702234581  7581020925
TELEWEST COM-ADR    940767Q GR    -3702234581  7581020925
TELEWEST COMM       TWSTF US      -3702234581  7581020925
TELEWEST COMM       604296Q GR    -3702234581  7581020925
TELEWEST COMM       715382Q LN    -3702234581  7581020925
TELEWEST COMM       TWT VX        -3702234581  7581020925
THORN EMI PLC       THNE FP       -2265916257  2950021937
THORN EMI-ADR       THN$ LN       -2265916257  2950021937
THORN EMI-ADR       TORNY US      -2265916257  2950021937
THORN EMI-CDR       THN NA        -2265916257  2950021937
THORN EMI-REGD      1772Q GR      -2265916257  2950021937
TOPPS TILES PLC     TPTEUR EO    -85010363.51 146193829.2
TOPPS TILES PLC     TPT LN       -85010363.51 146193829.2
TOPPS TILES PLC     TPT EO       -85010363.51 146193829.2
TOPPS TILES PLC     TPTJY US     -85010363.51 146193829.2
TOPPS TILES PLC     TPT TQ       -85010363.51 146193829.2
TOPPS TILES PLC     TPT EU       -85010363.51 146193829.2
TOPPS TILES PLC     TPT PZ       -85010363.51 146193829.2
TOPPS TILES PLC     TPTJF US     -85010363.51 146193829.2
TOPPS TILES PLC     TPT VX       -85010363.51 146193829.2
TOPPS TILES PLC     TPT BQ       -85010363.51 146193829.2
TOPPS TILES PLC     TPT PO       -85010363.51 146193829.2
TOPPS TILES PLC     TPTGBP EO    -85010363.51 146193829.2
TOPPS TILES PLC     TPT IX       -85010363.51 146193829.2
TOPPS TILES PLC     TPTEUR EU    -85010363.51 146193829.2
TOPPS TILES-NEW     TPTN LN      -85010363.51 146193829.2
UTC GROUP           UGR LN       -11904426.45   203548565
VIRGIN MOB-ASSD     VMOA LN      -392165437.6 166070003.7
VIRGIN MOB-ASSD     VMOC LN      -392165437.6 166070003.7
VIRGIN MOBILE       VGMHF US     -392165437.6 166070003.7
VIRGIN MOBILE       VMOB PO      -392165437.6 166070003.7
VIRGIN MOBILE       UEM GR       -392165437.6 166070003.7
VIRGIN MOBILE       VMOB VX      -392165437.6 166070003.7
VIRGIN MOBILE       VMOB LN      -392165437.6 166070003.7
WARNER ESTATE       WNER LN      -37798939.99 432125169.9
WARNER ESTATE       WNER PZ      -37798939.99 432125169.9
WARNER ESTATE       WNERGBP EO   -37798939.99 432125169.9
WARNER ESTATE       WNER EU      -37798939.99 432125169.9
WARNER ESTATE       WRL GR       -37798939.99 432125169.9
WARNER ESTATE       WNER IX      -37798939.99 432125169.9
WARNER ESTATE       WNER EO      -37798939.99 432125169.9
WARNER ESTATE       WNER PO      -37798939.99 432125169.9
WARNER ESTATE       WNER VX      -37798939.99 432125169.9
WARNER ESTATE       WNEHF US     -37798939.99 432125169.9
WATSON & PHILIP     WTSN LN        -120493900 252232072.9
WHITE YOUNG GREE    WHYGBP EO    -27530263.14   313453511
WHITE YOUNG GREE    WHY VX       -27530263.14   313453511
WHITE YOUNG GREE    WHYEUR EO    -27530263.14   313453511
WHITE YOUNG GREE    WHY EU       -27530263.14   313453511
WHITE YOUNG GREE    WHY LN       -27530263.14   313453511
WHITE YOUNG GREE    WHY EO       -27530263.14   313453511
WHITE YOUNG GREE    WHY PZ       -27530263.14   313453511
WHITE YOUNG GREE    WHY PO       -27530263.14   313453511
WHITE YOUNG GREE    WHYEUR EU    -27530263.14   313453511
WHITE YOUNG-NEW     WHYN LN      -27530263.14   313453511
WINCANTON PL-ADR    WNCNY US     -63105009.98  1416979806
WINCANTON PLC       WIN IX       -63105009.98  1416979806
WINCANTON PLC       WIN1 NQ      -63105009.98  1416979806
WINCANTON PLC       WIN1 EB      -63105009.98  1416979806
WINCANTON PLC       WIN1USD EO   -63105009.98  1416979806
WINCANTON PLC       WIN PZ       -63105009.98  1416979806
WINCANTON PLC       WIN1 EO      -63105009.98  1416979806
WINCANTON PLC       WIN1EUR EO   -63105009.98  1416979806
WINCANTON PLC       WNCNF US     -63105009.98  1416979806
WINCANTON PLC       WIN1USD EU   -63105009.98  1416979806
WINCANTON PLC       WIN1 QM      -63105009.98  1416979806
WINCANTON PLC       WIN VX       -63105009.98  1416979806
WINCANTON PLC       WIN1GBP EO   -63105009.98  1416979806
WINCANTON PLC       WIN LN       -63105009.98  1416979806
WINCANTON PLC       WIN1 TQ      -63105009.98  1416979806
WINCANTON PLC       WIN1 BQ      -63105009.98  1416979806
WINCANTON PLC       WIN1EUR EU   -63105009.98  1416979806
WINCANTON PLC       WIN1 EU      -63105009.98  1416979806
WINCANTON PLC       WIN PO       -63105009.98  1416979806
WYG PLC             WYGEUR EO    -27530263.14   313453511
WYG PLC             WYG EU       -27530263.14   313453511
WYG PLC             WYGEUR EU    -27530263.14   313453511
WYG PLC             WYG LN       -27530263.14   313453511
WYG PLC             WHY IX       -27530263.14   313453511
WYG PLC             WYGGBP EO    -27530263.14   313453511
WYG PLC             WYG PZ       -27530263.14   313453511
WYG PLC             WYG EO       -27530263.14   313453511
XXPERT RENTAL       XPRT CN        -123563000   104843000


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than US$3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/booksto order any title today.

                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Valerie C. Udtuhan, Marites O. Claro, Rousel Elaine
C. Tumanda, Joy A. Agravante and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *