TCREUR_Public/100316.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, March 16, 2010, Vol. 11, No. 052



REMEDIAL CYPRUS: Names Clarkson Offshore to Oversee Auction


CMA CGM: In Talks with Potential Investors


ALMATIS: To File for Chapter 11 with US$1-Bil. Debt Plan
ARCANDOR AG: Sun Capital Not Keen on Buying Karstadt
EUROPROP SA: S&P Lowers Rating on Class E Notes to 'B-'


LYONDELL CHEMICAL: Obtains Approval for Key Agreements
SENSATA TECH: Extends Participation Date to March 18 for Notes


* ROMANIA: Fitch Assigns 'BB+' Rating on Sovereign Bonds


EIRLES FOUR: Fitch Downgrades Ratings on US$15 Mil. Notes to 'D'
INTERREGIONAL INVESTMENT: Moody's Withdraws 'C' National Rating



COOPER-STANDARD: To Close Auto Fluid Plant in Spain
GENERAL MOTORS: Unions at Opel Figueruelas Plant Back Pay Freeze
IM BANCO: Moody's Assigns 'Caa1' Rating on Class B Notes
SANTANDER EMPRESAS: Moody's Junks Rating on Series E Notes


* TURKEY: Fitch Assigns 'BB+' Rating on US$1 Bil. Eurobonds

U N I T E D   K I N G D O M

BLOCKBUSTER INC: Puts European Arm for Sale to Raise Cash
BRITISH AIRWAYS: Cabin Crew Union Set Strike Dates
EMAP INT'L: GMG Faces Up to GBP150 Mil. Impairment on Investment
EMI GROUP: Loses Pink Floyd Case Over Online Royalties
GALA CORAL: Nears GBP2.6-Billion Debt Restructuring Deal

GENERAL MOTORS: UK to Provide Loan Guarantee for Vauxhall Plants
GS MEZZANINE: Fitch Changes Outlooks on Two Loans to Negative
JARVIS HOTELS: In Talks with Banks to Refinance GBP122 Mil. Debt
PEARL GROUP: Close to Resolving Dispute with Junior Bondholders
REC PLANTATION: Fitch Gives Stable Outlook; Affirms All Ratings

VEDANTA RESOURCES: To Spin Off Aluminum Project in India


* Large Companies with Insolvent Balance Sheet



REMEDIAL CYPRUS: Names Clarkson Offshore to Oversee Auction
Remedial (Cyprus) PCL has named Clarkson Offshore to manage the
sale and auction process for substantially all of its assets,
according to Marine Log.

The report says bids for the Company's assets must filed by
April 9, 2010.  A sale hearing is scheduled for April 22.  The
assets will be offered for sale as one complete project.  The
assets include:

   * the Remedial ESV Solution at Cosco Shipyards in Qidong, China
     and due for delivery in April, the Remedial ESV Guardian at
     Yantai Raffles Shipyard in Yantai, China and due for delivery
     later in 2010;

   * two workover rigs each to be deployed on an ESV once
     completed, located at Advanced Rig Services yard near
     Houston, Texas;

   * equipment and spare parts to be used for the ESVs and other
     equipment purchased by Remedial in anticipation of
     constructing additional vessels; and

   * shares in the operating subsidiary, Remedial Offshore

                      About Remedial (Cyprus)

Based in Limassol, Cyprus, Remedial (Cyprus) Public Company owns
and operates self-propelled jack up rigs called Elevating Support
Vessels. The vessels facilitate offshore well intervention
activities and work-over services.

Remedial (Cyprus) Public Company Ltd. -- dba Brufani
Shipmanagement Limited and Remedial Cyprus Limited -- filed for
Chapter 11 bankruptcy protection on February 17, 2010 (Bankr.
S.D.N.Y. Case No. 10-10782).  Kenneth A. Rosen, Esq., at
Lowenstein Sandler, P.C., assists the Company in its restructuring
effort.  The Company estimated its assets and debts at
US$100,000,001 to US$500,000,000.


CMA CGM: In Talks with Potential Investors
Robert Wright at The Financial Times reports that CMA CGM is
seeking capital from outside investors for the first time in an
attempt to tackle a liquidity crisis that has dragged on for
months and left it unable to complete payments for new ships.

According to the FT, CMA CGM has held talks with Louis Dreyfus
Group, France's only other large shipowner, Goldman Sachs and
Butler Capital Partners, among others.

The FT says the fresh capital injection is part of a wider
restructuring package which, if completed, would allow the company
to access a US$500 million loan facility its lenders agreed in
principle to make available in December.  So far CMA CGM has been
able to access only US$80 million of the facility, the FT notes.

The FT relates people working with potential equity providers and
familiar with CMA CGM's thinking said a number of potential
investors were in talks with the company and might still invest.
The company has set a deadline of March 17 for investors to make a
decision, the FT discloses.

                            State Aid

Citing the FT, the Troubled Company Reporter-Europe reported on
March 1, 2010, that CMA CGM's finance director said the company
would receive no conventional state aid.  According to the FT,
Mr. Schapiro said the company haf spent months trying to persuade
France's EUR20 billion (US$27 billion) sovereign wealth fund to
invest.  Mr. Schapiro gave no indication of whether he expected
the talks with FSI eventually to succeed, the FT noted.  CMA CGM
is expected to give an update on the restructuring talks in April,
when it reveals its 2009 results, the FT said.

Headquartered in Marseilles, France, CMA CGM S.A. -- ships freight PDQ.  The marine
transportation company is one of the world's leading container
carriers.  Through subsidiaries it operates a fleet of about 370
vessels that serve more than 400 ports around the globe, and it
maintains a network of about 650 facilities in about 150
countries.  In addition to hauling containers by sea, CMA CGM
provides logistics services, arranging the transportation of
containerized freight by river, road, and rail.  The company's
tourism division arranges cruises and other travel services.
Chairman Jacques Saade founded the company in 1978.


ALMATIS: To File for Chapter 11 with US$1-Bil. Debt Plan
Bloomberg News reports that Almatis will implement a restructuring
by filing for bankruptcy protection in the United States under
Chapter 11 of the Bankruptcy Code.  Almatis has said it has
approval from a two-thirds majority of senior lenders to
restructure US$1 billion of debt.

"The proposed restructuring would result in significant reduction
in financial indebtedness and allow the business to continue its
expansion in growth markets.  The company is pleased that a
consensus has been reached by a majority of its senior lenders and
is presently considering its response," Almatis said in a

According to Bloomberg, Dubai International Capital LLC took
control of Almatis after a US$1.2 billion buyout in 2007.  Banks
including UBS AG and Bahrain-based Arab Banking Corp. helped
finance Almatis' buyout with US$970 million of loans, including
US$235 million in junior debt.  The company breached terms of the
loans in the first half of 2009 as the global economic slowdown
hurt demand for its products.

Oaktree Capital Management LLC, the biggest holder of Almatis'
senior loans with a 38% stake, was seeking control of the company
in exchange for writing off some of the debt.

According to Financial Times, the restructuring plan provides for
these terms:

   -- The Plan would more than halve Almatis's debts to about
      US$422 million, with senior lenders, which are owed about
      US$680 million, being offered a choice of options under the

   -- Oaktree would own 80% of the reorganized company.

   -- Lenders can either opt for a share of new senior debt and a
      cash pay-out equivalent to a recovery of their claims of
      86.5 cents on the dollar, along with a share of a 13.5%
      stake in the Company, in exchange for writing off their
      debt.  The alternative is a greater share of the equity in
      the company, which Oaktree is expected to take, involving 45
      cents worth of new subordinated debt and a share of 86.5% of
      the equity.  It is assumed that the remaining 54 per cent of
      lenders will opt for the first option.

   -- The Plan will wipe out the debt claims of more subordinated
      mezzanine and second-lien lenders, as well as Dubai
      International Capital's equity stake.

   -- Subordinated lenders are expected to receive warrants that
      will allow them a small share of any proceeds from a sale of
      the Company.

                           About Almatis

Almatis, operationally headquartered in Frankfurt, Germany, is a
global leader in the development, manufacture and supply of
premium specialty alumina products.  With nearly 900 employees
worldwide, the company's products are used in a wide variety of
industries, including steel production, cement production, non-
ferrous metal production, plastics, paper, ceramics, carpet
manufacturing and electronic industries.  Almatis operates nine
production facilities worldwide and serves customers around the
world.  Until 2004, the business was known as the chemical
business of Alcoa.  Almatis is now owned by Dubai International
Capital LLC, the international investment arm of Dubai Holding.

ARCANDOR AG: Sun Capital Not Keen on Buying Karstadt
Holger Elfes at Bloomberg News, citing Financial Times
Deutschland, reports that Sun Capital Partners Inc. isn't
interested in buying Arcandor AG's department-store chain

According to Bloomberg, the newspaper said Sun Capital, which
acquired Arcandor's mail-order unit Neckermann two years ago,
decided not to take part in the final round of bidding.

                        About Arcandor AG

Germany-based Arcandor AG (FRA:ARO) --
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, 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.

EUROPROP SA: S&P Lowers Rating on Class E Notes to 'B-'
Standard & Poor's Ratings Services lowered and removed from
CreditWatch negative its credit ratings on all classes of EuroProp
(EMC) S.A. (Compartment) 1's commercial mortgage-backed floating-
rate notes.

In S&P's opinion, the loan creditworthiness has deteriorated due
to increased refinance risk.

At closing, in July 2006, EuroProp (EMC) S.A. (Compartment) 1
acquired eight loans secured on 142 properties in Germany, France,
Portugal, Sweden, and Belgium.  Since closing, three of the loans
have fully repaid and the outstanding note balance is
EUR423.72 million (from EUR648.55 million at closing).  The final
maturity date of the notes is in April 2013.

The largest loan in the pool is the Sunrise loan, which accounts
for 63% of the total pool balance.  The loan represents 50% of the
senior whole-loan, while the remaining 50% is securitized in
another European commercial mortgage-backed securities
transaction, DECO 9 -- Pan Europe 3 PLC.  The two halves are pari
passu pieces.  A portfolio of 60 properties across Germany,
predominantly secondary retail assets, secures this loan.

Deutsche Bank AG, acting as loan facility agent, has been trapping
the excess cash since Q3 2008 as a result of the breach of the
1.45x whole-loan interest coverage ratio and the 80% whole-loan
loan-to-value ratio trap covenants.  Current trapped cash amounts
to EUR13.2 million, of which EUR6.1 million was released to partly
repay the loan in January 2010.  The most recently reported whole-
loan LTV ratio is 81.19%.

S&P understand that Deutsche Bank is in negotiation with the
borrower over a cash flow restructure.  The loan matures in
January 2011.  As two different lenders advanced each pari passu
piece, any resolution may result in a deadlock if agreement cannot
be reached between the lenders.  It is S&P's understanding that
the loan-facility agent and/or the special servicers have no
ultimate override rights in case of disagreement between the

Two of the loans, Elancourt (17% of the total pool balance) and
Selaht (14% of the total pool balance) are each secured on mixed-
use properties across France.  Thales and/or EADS occupy the
properties.  The reported senior LTV ratios are 41.52% and 55.80%,
respectively.  Both loans have been advanced to the same borrower.

S&P has lowered its ratings to reflect its adjusted view of the
creditworthiness of the loans remaining in the collateral pool.
In its opinion, most of the properties securing the loans are of
secondary quality, but they have not experienced material declines
in net operating income since closing (with the exception of
Sunrise).  S&P's rating changes reflect the recent market value
declines observed in the various European real estate markets and
the concentration of refinance risk around 2010 to 2011 --
particularly for the Sunrise loan, which accounts for the majority
of the loan pool.  S&P has also reflected its opinion of increased
risk of principal losses under the Sunrise and Selaht loans.

S&P initially placed the notes on CreditWatch negative in June
2009 in light of market conditions and the upcoming refinancing
date of the loans.

                           Ratings List

               EuroProp (EMC) S.A. (Compartment) 1
EUR648.55 Million Commercial Mortgage-Backed Floating-Rate Notes
                             Series 4

       Ratings Lowered and Removed From CreditWatch Negative

              Class       To            From
              -----       --            ----
              A           A             AAA/Watch Neg
              X           A             AAA/Watch Neg
              B           BBB           AA/Watch Neg
              C           BB            A/Watch Neg
              D           B             BBB/Watch Neg
              E           B-            BBB-/Watch Neg


LYONDELL CHEMICAL: Obtains Approval for Key Agreements
LyondellBasell has three significant developments toward its
emergence from bankruptcy protection.  Specifically,

* obtained bankruptcy court approval of its Third Amended
  Disclosure Statement, permitting LyondellBasell to begin
  soliciting votes on its Third Amended Plan of Reorganization;

* obtained bankruptcy court authorization for a settlement
  resolving various claims asserted against LyondellBasell's
  prepetition secured senior and bridge lenders and providing for
  treatment of its 2015 noteholders and Millennium noteholders;

* obtained bankruptcy court approval of an Equity Commitment
  Agreement entered into on Dec. 11, 2009 with respect to a
  backstopped US$2,800 million rights offering.

Holders of the majorities of the Company's prepetition senior and
bridge debt have agreed to support confirmation of the Plan, as
have the following groups: a majority of the holders of its 2015
Notes and its Millennium Notes, the Indenture Trustees for each of
the 2015 Notes and the Millennium Notes, and the Official
Committee of Unsecured Creditors.

With the approval of the Disclosure Statement, LyondellBasell can
commence solicitation of acceptances of the Plan.  It also can now
commence the rights offering to holders of its senior secured debt
who will be receiving rights under the Plan.

The Bankruptcy Court set the record date for being able to vote on
the Plan and to participate in the rights offering as March 11,
2010 and the deadline for voting on the Plan and exercising rights
as April 15, 2010.  The Confirmation Hearing of the Plan is
currently scheduled to commence on April 23, 2010.

                     About Lyondell Chemical

LyondellBasell Industries is one of the world's largest polymers,
petrochemicals and fuels companies.  It is the global leader in
polyolefins technology, production and marketing; a pioneer in
propylene oxide and derivatives; and a significant producer of
fuels and refined products, including biofuels.  Through research
and development, LyondellBasell develops innovative materials and
technologies that deliver exceptional customer value and products
that improve quality of life for people around the world.
Headquartered in The Netherlands, LyondellBasell -- is privately owned by Access

Basell AF and Lyondell Chemical Company merged operations in 2007
to form LyondellBasell Industries, the world's third largest
independent chemical company.  LyondellBasell became saddled with
debt as part of the US$12.7 billion merger.  On January 6, 2009,
LyondellBasell Industries' U.S. operations and one of its European
holding companies -- Basell Germany Holdings GmbH -- filed
voluntary petitions to reorganize under Chapter 11 of the U.S.
Bankruptcy Code to facilitate a restructuring of the company's
debts.  The case is In re Lyondell Chemical Company, et al.,
Bankr. S.D.N.Y. Lead Case No. 09-10023).  Seventy-nine Lyondell
entities, including Equistar Chemicals, LP, Lyondell Chemical
Company, Millennium Chemicals Inc., and Wyatt Industries, Inc.
filed for Chapter 11.  In May 2009, one of the cases was dismissed
-- Case No. 09-10068 -- because it is duplicative of Case No. 09-
10040 relating to Debtor Glidden Latin America Holdings.

The Hon. Robert E. Gerber presides over the case.  Deryck A.
Palmer, Esq., at Cadwalader, Wickersham & Taft LLP, in New York,
serves as the Debtors' bankruptcy counsel.  Evercore Partners
serves as financial advisors, and Alix Partners and its subsidiary
AP Services LLC, serves as restructuring advisors.  AlixPartners'
Kevin M. McShea acts as the Debtors' Chief Restructuring Officer.
Clifford Chance LLP serves as restructuring advisors to the
European entities.  Lyondell Chemical estimated that consolidated
assets total US$27.12 billion and debts total US$19.34 billion as
of the bankruptcy filing date.

Lyondell has obtained approximately US$8 billion in DIP financing
to fund continuing operations.  The DIP financing includes two
credit agreements: a US$6.5 billion term loan, which comprises a
US$3.25 billion in new loans and a US$3.25 billion roll-up of
existing loans; and a US$1.57 billion asset-backed lending

Luxembourg-based LyondellBasell Industries AF S.C.A. and another
affiliate were voluntarily added to Lyondell Chemical's
reorganization filing under Chapter 11 on April 24, 2009, in order
to seek protection against claims by certain financial and U.S.
trade creditors.  On May 8, 2009, LyondellBasell Industries added
13 non-operating entities to Lyondell Chemical Company's
reorganization filing under Chapter 11 of the U.S. Bankruptcy
Code.  All of the entities are U.S. companies and were added to
the original Chapter 11 filing for administrative purposes.  The
filings will have no impact on current business or operations as
none of the entities manufactures or sells products.

Bankruptcy Creditors' Service, Inc., publishes Lyondell Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding undertaken
by Lyondell Chemical Company and its various affiliates.
( 215/945-7000)

SENSATA TECH: Extends Participation Date to March 18 for Notes
Sensata Technologies B.V. has extended the Early Participation
Date to 5:00 P.M., New York City time, on March 18, 2010, with
respect to its previously announced cash tender offer to purchase
the maximum aggregate principal amount of its Notes (as defined
below) that it can purchase for US$350,000,000.  The Early
Participation Date was previously scheduled for 5:00 P.M., New
York City time, on March 11, 2010.  As of that time, Sensata had
received tenders of approximately US$98,700,000 (or the equivalent
amount in euros) aggregate principal amount of its outstanding 8%
Senior Notes due 2014 (the "Dollar Notes"), its 9% Senior
Subordinated Notes due 2016 (the "9% Notes") and its 11.25% Senior
Subordinated Notes due 2014 (the "11.25% Notes" and, together with
the 9% Notes, the "Euro Notes").  The Dollar Notes and the Euro
Notes are collectively referred to herein as the "Notes."

Each Holder who validly tenders (and does not withdraw) his or her
Notes prior to the Early Participation Date, and whose Notes are
accepted for purchase in the Tender Offer, will receive an early
participation payment of US$30.00 per $1,000 principal amount of
Dollar Notes or EUR30.00 per EUR1,000 principal amount of Euro
Notes tendered in the Tender Offer (the "Early Participation
Payment").  Holders tendering their Notes in the Tender Offer
after the Early Participation Date will not be eligible to receive
the Early Participation Payment.

Sensata is extending the Early Participation Date to permit
Holders of the Notes more time to consider and tender their Notes
into the Tender Offer and still receive the Early Participation
Payment.  During this extension, Sensata will continue to evaluate
its alternatives with respect to the Tender Offer.

Sensata has also determined to extend the withdrawal date relating
to the Tender Offer to 5:00 P.M., New York City time, on March 18,
2010 (the "Withdrawal Date").  Notes tendered (and not withdrawn)
prior to the Withdrawal Date and Notes that are tendered after the
Withdrawal Date may not be withdrawn.  The Tender Offer is
scheduled to expire at 11:59 P.M., New York City time, on March
25, 2010, unless such time and date is extended or earlier
terminated by Sensata (the "Expiration Date").  Except as set
forth herein, the terms of the Tender Offer remain the same as
those set forth in the Offer to Purchase and related documents.

The Tender Offer is conditioned upon the satisfaction or waiver of
certain conditions as described in the Offer to Purchase,
including Sensata's ultimate parent company, which is currently
undertaking a financing transaction, having received sufficient
net proceeds to make the payments contemplated by the Tender
Offer.  Subject to applicable law, Sensata may also terminate the
Tender Offer at any time prior to the applicable Expiration Date
in its reasonable discretion in the event that one or more of the
conditions to the Tender Offer are not satisfied or waived by

                      About Sensata Technologies

Almelo, Netherlands-based Sensata Technologies B.V. -- supplies sensing, electrical
protection, control and power management solutions.  Owned by
affiliates of Bain Capital Partners, LLC, a global private
investment firm, and its co-investors, Sensata employs
approximately 9,500 people in nine countries.  Sensata's products
improve safety, efficiency and comfort for millions of people
every day in automotive, appliance, aircraft, industrial,
military, heavy vehicle, heating, air-conditioning, data,
telecommunications, recreational vehicle and marine applications.

                           *     *     *

As reported by the Troubled Company Reporter on December 7, 2009,
Moody's Investors Service has upgraded Sensata Technologies B.V.'s
Corporate Family and Probability of Default ratings to Caa1 from
Caa2, as well as the company's senior secured credit facility to
B2, senior unsecured notes to Caa2, and senior subordinated notes
to Caa3.  In a related rating action, Moody's affirmed the
company's Speculative Grade Liquidity rating at SGL-3.  The
outlook is positive.


* ROMANIA: Fitch Assigns 'BB+' Rating on Sovereign Bonds
Fitch Ratings has assigned the Republic of Romania's 5-year EUR1
billion sovereign bond a rating of 'BB+'.  The rating is in line
with Romania's Long-term foreign currency Issuer Default Rating of
'BB+', which has a Stable Outlook.

Fitch revised the Outlook on Romania's Long-term IDRs to Stable
from Negative on February 2, 2010, on the passing of the 2010
budget and the normalization of Romania's IMF/EU funding program,
which eased downward pressures on Romania's sovereign ratings.

The IMF-agreed 2010 budget deficit target is 5.9%, compared with
an estimated general government deficit of 7.8% in 2009.  Fitch
notes that there are risks related to the implementation of
politically challenging policies contained in the 2010 budget,
including the public wage freeze and redundancies, while fiscal
consolidation will need to continue beyond 2010 to sustain the
economy's external adjustment and lessen the upward trend in
public debt ratios.  Fitch forecasts Romania's general government
debt (including guarantees) at 33% of GDP at end-2010, compared
with 21.8% at end-2008.


EIRLES FOUR: Fitch Downgrades Ratings on US$15 Mil. Notes to 'D'
Fitch Ratings has downgraded Eirles Four Limited Series 42's
US$15,000,000 synthetic investment grade CDO notes, due June 2014:

  -- US$15 million (ISIN: XS0171953796): downgraded to 'D' from

The downgrade follows the default of Series 42 after principal of
the notes was written-down by credit losses from the reference
portfolio.  So far, seven credit events in the portfolio, which is
partially managed by Sarco Holdings, have been triggered with a
weighted average recovery of 18.7%.  The Series 42 portfolio is
heavily concentrated in the automotive sector which has led to low
recoveries.  Losses from credit events total 5.3% of the portfolio
notional which exceeds the initial subordination of 4% of the
Series 42 notes.  This has resulted in a principal impairment to
the noteholders.  A further one or two credit events could result
in the complete loss of the tranche.

Eirles Four Limited Series 42 is a synthetic securitization of a
portfolio of 100 largely investment grade corporate credits, which
were geographically diversified.

In 2003, Fitch assigned ratings to the US$115m credit-linked notes
issued by Eirles Four Limited Series 42, under the Eirles Four
Limited program incorporated in the Republic of Ireland, and due
2013.  At closing, the note proceeds were used by the issuer to
purchase US$115 million 'AAA'-rated Freddie Mac Bonds, due 15
January 2013, issued by the US-based Federal Home Loan Mortgage
Corporation.  At the same time, the issuer entered into a 10-year
credit default swap with Deutsche Bank AG London for the
reimbursement of potential losses in the reference portfolio
exceeding the threshold amount and up to the notional amount of
the tranche.

The reference portfolio was selected pursuant to a services
agreement between Sarco Holdings, the service provider, and
Deutsche Bank AG London.  Under the agreement, Sarco Holdings
could make a maximum of five reference entity substitutions per

Fitch used its Global Rating Criteria for Synthetic CDOs to
analyze the credit risk of Eirles Four Limited Series 42's
Synthetic Investment Grade CDO.

INTERREGIONAL INVESTMENT: Moody's Withdraws 'C' National Rating
Moody's Interfax Rating Agency has withdrawn the national
scale rating of Russia-based Interregional Investment Bank because
the issuer has entered bankruptcy.  Moscow-based Moody's Interfax
is majority owned by Moody's, a leading global rating agency.

The bank had no global scale deposit rating and no senior
unsecured, subordinate or structured finance obligations rated by
Moody's Interfax or Moody's.

The last rating action on Interregional Investment Bank was on
November 19, 2009, when Moody's Interfax downgraded its NSR to (lowest possible level) from  This downgrade was
triggered by the bank losing its banking license due to violation
of banking laws, failure to conduct client transactions, failure
to create adequate loan loss and general provisions, as well as
substantial manipulation with regard to regulatory reporting
(source: Central Bank of Russia).

Interregional Investment Bank was declared bankrupt in January
2010 by the Moscow Arbitration Court.  In February, its temporary
administration was terminated and the bank is now collecting
claims from creditors.  Once this process is completed, the bank
will be liquidated.

Domiciled in Moscow, Russia, Interregional Investment Bank
reported -- as of October 1, 2009 (under Russian GAAP) -- total
assets of RUB6.6 billion (US$220 million) and total shareholders'
equity of RUB1.6 billion (US$53 million).  Those figures could be
substantially misstated and differ from the real numbers, as
indicated by the CBR.

Fitch Ratings has assigned the Russian Republic of Khakassia Long-
term foreign and local currency ratings of 'BB-', a Short-term
foreign currency rating of 'B' and a National Long-term rating of
'A+(rus)'.  The Outlooks for the Long-term ratings are Stable.

The ratings reflect the modest scale of the republic's economy,
its high tax concentration, and contingent liabilities stemming
from its public sector enterprises.  The ratings also factor in
the republic's sound budget performance and low debt burden.

The Stable Outlooks reflect Fitch's expectation that prudent
fiscal discipline and a recovery of the local economy will
continue to support a sound budget performance.  Fitch expects
Khakassia's debt burden will remain manageable despite an expected
direct debt increase.

The republic has a modest economy with per capita gross regional
product equal to 55% of the national average in 2008.  The region
recorded stable, but moderate economic development with annual GRP
growth below the national level in 2004-2008.  However, Khakassia
demonstrated better resilience to the national economic recession
in 2009 when its GRP declined just 0.8% y-o-y in real terms,
compared to the national decline of 7.9%.  The republic has high
tax concentration and the 10 largest taxpayers generated 46% of
tax revenue proceeds to republic's budget, which Fitch views as a
credit weakness.

Khakassia has demonstrated a sound budget performance over the
last five years, as the operating balance increased to 14.6% of
operating revenue in 2008 from 8.9% in 2005.  Despite the downturn
of the national economy, the republic continued to demonstrate a
sound budget performance in 2009 with an operating margin of about
9%.  Fitch expects the operating margin to increase above 10% in

The republic's administration has demonstrated conservative budget
management in the past aiming at minimizing the budget deficit and
funding investment through its own resources.  As of end 2008, the
direct risk of the republic's budget was immaterial, but in 2009
the republic recorded a moderate deficit before debt variation,
and its direct risk grew to a manageable RUB866 million (7.2% of
current revenue in 2009).  In 2010, the administration budgeted
RUB1.5 billion deficit before debt variation, which will be
financed by new bank loans and a domestic bond issue.  The loans
and bond issue will increase the direct risk of the republic to
RUB2.3bn or about 12% of total revenue.  However, direct risk will
remain moderate given the republic's well structured debt profile.

The republic is exposed to contingent risk totaling RUB453 million
stemming from public sector entities.  This debt mostly consists
of the RUB380 million bond of the Mortgage Agency of the Republic
of Khakassia, which is guaranteed by the republic.  The agency
recorded losses in 2008 and 2009 and defaulted on RUB10.4 million
coupon payments in late 2009.  The republic's guarantee was
declared invalid by regional courts, but the republic continues to
support the agency and has undertaken direct negotiations with the
bond holder to restructure the payment schedule.

Khakassia is located in southwest Siberia.  Its GRP accounts for
0.2% of national GDP, and the republic has 538,000 inhabitants,
representing 0.4% of the national population.


COOPER-STANDARD: To Close Auto Fluid Plant in Spain
Cooper-Standard Holdings Inc., a leading global automotive
supplier, announced that the subsidiary company Coper-Standard
Automotive Espana SL will initiate legal proceedings to close its
automotive Fluid plant located at Pol­gono Industrial San Marcos
in Getafe, Madrid, Spain.  The closure is slated to be complete by
August -- September 2010.

This is the result of an in-depth analysis of the facility's
situation and current market conditions.  The closure is due, in
part, to the continued deterioration of the automotive industry.
As a result, the Getafe plant does not have the necessary minimum
production volumes necessary to continue operations.

"This announcement comes as part of Cooper-Standard's ongoing
effort to better align our manufacturing operations with current
industry demand," said Keith D. Stephenson, President
International Division, Cooper-Standard Automotive.  "While other
possibilities were studied, the current economic climate,
unfavorable fixed cost structure and expiration of two customer
contracts this year at the Getafe facility hinder the on-going
viability of the facility's business."

The Getafe operation employs approximately 75 employees and
manufactures fuel and brake products, such as brake boosters,
vapor and clutch lines, and water valves.  Cooper-Standard is
working with the appropriate government agencies to assist the
effected workers throughout the transition.

                       About Cooper-Standard

Cooper-Standard Automotive Inc. --
-- headquartered in Novi, Michigan, is a leading global automotive
supplier specializing in the manufacture and marketing of systems
and components for the automotive industry.  Products include body
sealing systems, fluid handling systems and NVH control systems.
The Company is one of the leading suppliers of chassis products in
North America, with about 14% of market share.  The Company's main
custoemrs include Ford Motor Company, General Motors, Chrysler,
Audi, Volkswagen, BMW, Fiat and Honda, among other automakers.
Cooper-Standard Automotive employs approximately 16,000 people
globally with more than 70 facilities throughout the world.

Cooper-Standard is a privately held portfolio company of The
Cypress Group and Goldman Sachs Capital Partners Funds.

Cooper-Standard Holdings Inc., together with affiliates, filed for
Chapter 11 on August 4, 2009 (Bankr. D. Del. Case No. 09-12743).
Attorneys at Fried, Frank, Harris, Shriver & Jacobson LLP and
Richards, Layton & Finger, P.A., will serve as bankruptcy counsel
to the Debtors.  Lazard Freres & Co. is serving as investment
banker while Alvarez & Marsal is financial advisor.  Kurtzman
Carson Consultants LLC is notice, claims and solicitation agent.
In its bankruptcy petition, the Company said that assets on a
consolidated basis total US$1,733,017,000 while debts total
US$1,785,039,000 as of March 31, 2009.

The Company's Canadian subsidiary, Cooper-Standard Automotive
Canada Limited, also sought relief under the Companies' Creditors
Arrangement Act in the Ontario Superior Court of Justice in
Toronto, Ontario, Canada.

Bankruptcy Creditors' Service, Inc., publishes Cooper-Standard
Bankruptcy News.  The newsletter tracks the Chapter 11 and CCAA
proceedings undertaken by Cooper-Standard Holdings Inc. and its
various affiliates.  ( 215/945-

GENERAL MOTORS: Unions at Opel Figueruelas Plant Back Pay Freeze
Daniel Schafer, Andrew Bounds and Gerrit Wiesmann at The Financial
Times report that Spanish unions agreed on a pay freeze and job
cuts at the plant in Figueruelas, the biggest factory of General
Motor Co.'s Opel unit.

The FT relates the Comisiones Obreras union said in a statement
that it had accepted a wage freeze this year and in 2011, with 2%
increases in the following two years.  According to the FT, GM
will reduce the 6,300-strong workforce by 900 employees through
early retirement or attrition.

GM wants to restructure its European operations under a EUR3.7
billion (US$5 billion) plan, for which it is seeking around EUR1.8
billion in loans and guarantees from five European countries where
it has plants -- the UK, Germany, Spain, Poland and Austria -- the
FT notes.

                       About General Motors

General Motors Company -- is one of the
world's largest automakers, tracing its roots back to 1908.  With
its global headquarters in Detroit, GM employs 209,000 people in
every major region of the world and does business in some 140
countries.  GM and its strategic partners produce cars and trucks
in 34 countries, and sell and service these vehicles through these
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel,
Vauxhall and Wuling.  GM's largest national market is the United
States, followed by China, Brazil, the United Kingdom, Canada,
Russia and Germany.  GM's OnStar subsidiary is the industry leader
in vehicle safety, security and information services.

GM acquired its operations from General Motors Company, n/k/a
Motors Liquidation Company, on July 10, 2009, pursuant to a sale
under Section 363 of the Bankruptcy Code.  Motors Liquidation or
Old GM is the subject of a pending Chapter 11 reorganization case
before the U.S. Bankruptcy Court for the Southern District of New

At September 30, 2009, GM had US$107.45 billion in total assets
against US$135.60 billion in total liabilities.

                    About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  General Motors changed its name to Motors
Liquidation Co. following the sale of its key assets to a company
60.8% owned by the U.S. Government.

The Honorable Robert E. Gerber presides over the Chapter 11 cases.
Harvey R. Miller, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil, Gotshal & Manges LLP, assist the Debtors
in their restructuring efforts.  Al Koch at AP Services, LLC, an
affiliate of AlixPartners, LLP, serves as the Chief Executive
Officer for Motors Liquidation Company.  GM is also represented by
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel.  Cravath, Swaine, & Moore LLP is providing legal advice
to the GM Board of Directors.  GM's financial advisors are Morgan
Stanley, Evercore Partners and the Blackstone Group LLP.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Motors Corp. and its various affiliates.
( 215/945-7000)

IM BANCO: Moody's Assigns 'Caa1' Rating on Class B Notes
Moody's Investors Service assigned definitive credit ratings to
these classes of Notes issued by IM Banco Popular MBS 2:

  -- Aaa to the EUR596,000,000 Class A due 2052
  -- Caa1 to the EUR89,000,000 Class B due 2052

The transaction represents the securitization of Spanish High LTV
mortgage loans originated by Banco Popular, S.A.  The assets
supporting the notes are prime mortgage loans secured on
residential and some commercial properties located in Spain.  The
portfolio will be serviced by Banco Popular, S.A.

Moody's based the provisional ratings primarily on: (i) an
evaluation of the underlying portfolio of loans; (ii) an analysis
of the collateral historical performance; (iii) the swap
agreements hedging the interest rate risk; (iv) the credit
enhancement provided by the reserve fund, the subordination of the
notes, and the excess spread; and (v) the legal and structural
integrity of the transaction.

The expected portfolio loss of 6.0% and the MILAN Aaa required
credit enhancement of 22.5% serve as input parameters for Moody's
cash flow model, which is based on a probabilistic lognormal
distribution as described in the report "The Lognormal Method
Applied to ABS Analysis", published in September 2000.  Specific
characteristic of this High LTV pool such as missing information
on employment type, combined with uncertainty in the real estate
sector and the deteriorating economic environment drove to a Milan
Aaa CE in excess of that which would be driven by the MILAN model

The V Score for this transaction is Medium, which is in line with
the V score assigned for the Spanish RMBS sector.  Only three sub
components underlying the V Score have been assessed higher than
the average for the Spanish RMBS sector.  The Sector's Historical
Downgrade Rate, Disclosure of Securitisation Collateral Pool
Characteristics and Transaction Complexity are assessed as Medium,
which are higher than the Low/Medium V score assigned for the
Spanish RMBS sector for those sub components.  This is due to the
exposure of the transaction to HLTV's which have suffered more
downgrades than traditional mortgages pools in recent years, no
employment data and no months current data available and because
HLTV loans are more exposed to house price declines.
Issuer/Sponsor/Originator's Historical Performance Variability is
Medium, which is in line the V score assigned for the Spanish RMBS
sector for this sub component, although High LTV (HLTV) pools have
historically higher defaults and arrears than traditional
mortgages pools, the historical 1-year notch-weighted Baa
downgrade rate is comparable to Spanish corporates.  V-Scores are
a relative assessment of the quality of available credit
information and of the degree of dependence on various assumptions
used in determining the rating.  High variability in key
assumptions could expose a rating to more likelihood of rating
changes.  The V-Score has been assigned accordingly to the report
"V-Scores and Parameter Sensitivities in the Major EMEA RMBS
Sectors" published in April 2009.

The definitive ratings address the expected loss posed to
investors by the legal final maturity.  The structure allows for
timely payment of interest and ultimate payment of principal at
par on or before the legal final maturity date.  Moody's ratings
address only the credit risks associated with the transaction.
Other non-credit risks have not been addressed but may have a
significant effect on the yield to investors.

SANTANDER EMPRESAS: Moody's Junks Rating on Series E Notes
Moody's Investors Service has downgraded the ratings of the
outstanding Series B, C, D and E notes issued by Santander
Empresas 3, FTA, to Aa3, Baa3, B3 and Ca, from Aa2, A3, Baa3 and
Ba1, respectively and confirmed the Aaa ratings of the Series A2
and A3 notes.  The rating downgrades conclude the review for
possible downgrade that Moody's initiated on March 18, 2009.

The downgrades were prompted by the weaker-than-expected
collateral performance of the pool of loans backing the notes.
The rating review also incorporated Moody's refinement of its ABS
SME approach, as described in the Rating Methodology report
"Moody's Probability of Default Assumptions in the Rating Analysis
of Granular Small and Mid-sized Enterprise Portfolios in EMEA",
published on March 17, 2009.

As part of its review, Moody's considered the potential for
further performance deterioration in the current economic cycle,
and the exposure of the transaction to the real estate sector.
The deterioration of the Spanish economy has been reflected in
Moody's negative sector outlook for Spanish SME securitization

Moody's rating review also took into account the repurchase by the
originator, Banco Santander S.A. (rated Aa2/P-1), on February 25
and March 5, 2010, of all outstanding 121 bullet loans (total
principal balance of EUR136 million) -- as notified to Moody's by
the servicer, Santander de Titulizacion.  Bullet loans accounted
for approximately 9% of the portfolio balance before the
repurchase.  According to the servicer, the cash from the
repurchase will be treated as loan amortization.  It will
therefore result in accelerated amortization on the Class A1 and
A2 notes on the next payment date.

                     Collateral Performance

Outstanding 90+ delinquencies (i.e. the balance of loans with
arrears for more than 90 days) reached 1.30% of the portfolio
current balance, as of the January 2010 investor report.  While
this is down from the peak of 1.98% reported in April 2009,
Moody's notes that the cumulative balance of defaulted loans has
now increased to 0.97% of the original portfolio balance (January
2010 report).  In this transaction, a loan is in default if it has
been in arrears for 12 months or over.  In addition, the reserve
fund has been reported drawn since January 2009 and it was at only
71% of its target balance in January 2010.

As a result of the increased delinquencies, the balance of loans
in arrears first exceeded the threshold of 1.50% of the
outstanding portfolio balance in October 2008, prompting the pro-
rata amortization of the Series A2 and A3 notes (the Series A1
notes were redeemed in June 2008).  Although in the latest
reporting period, the delinquency ratio fell below the threshold
(1.30% in the January 2010 report), the pro-rata amortization of
the senior notes is irreversible.

During its review, Moody's was unable to obtain detailed and
complete information on some of the characteristics of the
outstanding pool of loans, particularly at the loan level, as was
also the case for the Santander Empresas 4 transaction review (see
press release from February 4, 2010).  Therefore, in some
instances Moody's made assumptions relying on aggregate
information or loan-level data obtained at closing, as detailed

                 Default Probability Adjustments

Moody's first revised its assumption for the default probability
of the SME debtors to an equivalent rating in the single B-range
for debtors operating in the real estate sector, and in the low
Ba-range for non-real estate debtors.  Approximately 28% of the
outstanding December 2009 pool balance related to borrowers in the
building and real estate sector based on loan-level data.
However, Moody's was unable to verify the sector of activity for
nearly 12% of the outstanding pool balance and assumed that a
proportion of these loans related to activities in the building
and real estate sector.  According to Moody's industry
classification, the concentration in the "building and real
estate" sector was approximately 37% of the portfolio balance at

In addition, Moody's made DP adjustments to reflect the size of
the debtors' companies.  Based on stratification data at closing,
Moody's assumed that approximately 40% of the loans were to micro-
size SMEs (including self-employed borrowers) and therefore
notched down its rating proxy to reflect additional default risk
associated with these debtors.  Similarly, Moody's assumed that
approximately 10% of the outstanding portfolio comprised loans to
large-size SMEs and accordingly notched up its rating proxy for
these debtors.

Moody's also increased its DP assumptions for the loans that have
not made any principal payment since the transaction closed.  Non-
amortized loans amount to approximately 5% of the remaining
outstanding portfolio balance after taking into account Banco
Santander's repurchase of all outstanding bullet loans on 25
February and March 5, 2010.  The servicer has indicated that all
non-amortized loans remaining in the pool following the repurchase
were still in their principal payment grace periods.  The rating
agency believes there is a payment shock risk associated with the
end of non-amortizing periods and therefore made a 10% DP
adjustment for such loans.

Finally, Moody's equivalent rating for loans in arrears for more
than 30 days was notched down depending on the length of time the
loans had been in arrears, and notched up for performing loans not
in the building and real estate sector originated prior to 2006,
depending on their actual seasoning.  Loans originated prior to
2006 contributed nearly half of the outstanding portfolio balance
(including loans in the building and real estate sector) in
December 2009.

                  Revised WAL and DP Assumptions

Moody's separately revised its weighted-average remaining life
assumption for the pool of loans to 4.5 years.  With a 4.5-year
average life, the high single-B overall DP equivalent rating
resulting from the above DP adjustments translate into an
increased cumulative mean default assumption of 12.5% of the
current outstanding portfolio amount.  Moody's DP assumption
relates to the typical 90-day past due default definition, which
is different from the actual default definition in this
transaction (12-month past due).  Moody's recovery assumption is
consistent with the default definition reflected in its DP
assumption.  Expressed as a percentage of the original portfolio
balance, Moody's revised cumulative mean default rate is 6.5%
(assuming cumulative defaults on a 90-day basis of 1.9% of the
original portfolio).  This compares to an initial mean cumulative
DP assumption of 2.64% at closing.

                Recovery and Prepayment Assumptions

Moody's increased its initial mean recovery expectation to 45%
from 42.5% to reflect the increased proportion of properties
backed by mortgage guarantees (approximately 58% of the
outstanding balance against 42% at closing), but only made a
marginal adjustment given the lack of recovery data available and
the absence of detailed data on the type of properties serving as
collateral for these mortgage securities.  However, Moody's tested
the sensitivity of results to recovery assumptions in a 40%-50%
range.  Stochastic recoveries were modeled assuming a 20% standard

The constant prepayment rate assumption used in Moody's cash flow
model has decreased to 5% from 15% at closing.  This rate is
consistent with the most recently reported prepayment rate data
and Moody's revised default rate expectation for the remainder of
the transaction.

                     Large Loan Concentrations

Although the portfolio remains granular with more than 10,000
outstanding loans in January 2010, exposures to some very large
borrowers have increased.  In particular, the largest single loan,
now over 3% of the portfolio outstanding balance, has not
amortized since closing (it was confirmed by the servicer as still
in its grace period).  Therefore, the exposure of the transaction
to very large loans should continue to increase in the short to
medium term, as smaller loans amortize.

Given the remaining granularity of the outstanding portfolio,
Moody's used a normal inverse distribution to derive the
probabilities of its default scenarios in its cash flow model,
ABSROM.  However, to reflect increasing concentrations of large
loans in the pool, Moody's has increased its asset correlation
assumption, driving up the standard deviation of the loss
distribution.  As Moody's simultaneously increased its mean
cumulative DP in a larger proportion, it has ultimately lowered
its coefficient of variation assumption (standard deviation over
mean DP) to 43% from 60% at closing.

                         The Transaction

Santander 3 is a securitization fund which purchased a pool of
loans granted by Banco Santander, S.A., to Spanish SMEs.  At
closing, in May 2007, the portfolio consisted of over 25,000
loans.  The loans were originated between 1994 and 2006, with a
weighted-average seasoning of 1.85 years and a weighted-average
remaining term of 9.3 years.  Geographically the pool was well
diversified with the highest concentrations in Madrid (25%),
Catalonia (17.5%) and Andalusia (12%) at closing.

               Meaning of Rating and Methodologies

Moody's ratings address the expected loss posed to investors by
the legal final maturity of the notes.  Moody's ratings address
only the credit risks associated with the transaction.  Other
risks have not been addressed, but may have a significant effect
on yield to investors.

                     Detailed Rating Actions

  -- Series A2: Confirmed at Aaa; previously on March 18, 2009 Aaa
     placed under review for possible downgrade

  -- Series A3: Confirmed at Aaa; previously on March 18, 2009 Aaa
     placed under review for possible downgrade

  -- Series B: Downgraded to Aa3; previously on March 18, 2009 Aa2
     placed under review for possible downgrade

  -- Series C: Downgraded to Baa3; previously on March 18, 2009 A3
     Placed Under Review For Possible Downgrade

  -- Series D: Downgraded to B3; previously on March 18, 2009 Baa3
     placed under review for possible downgrade

  -- Series E: Downgraded to Ca; previously on March 18, 2009 Ba1
     placed under review for possible downgrade


* TURKEY: Fitch Assigns 'BB+' Rating on US$1 Bil. Eurobonds
Fitch Ratings has assigned the Republic of Turkey's US$1 billion
eurobond, due on 30 March 2021, a 'BB+' rating.  The eurobond has
a coupon rate of 5.625%, with a yield to investors of 5.75% and a
spread over benchmark US Treasury bonds of 203 basis points.

The rating is in line with Turkey's Long-term foreign currency
Issuer Default Rating, which has a Stable Outlook.

On December 3, 2009, Fitch upgraded Turkey's Long-term foreign
currency IDR to 'BB+' from 'BB-', reflecting Turkey's relative
resilience to the global financial crisis.

U N I T E D   K I N G D O M

BLOCKBUSTER INC: Puts European Arm for Sale to Raise Cash
Ben Marlow at The Sunday Times reports that Blockbuster Inc. has
put its European arm for sale.

Accoding to the report, Blockbuster, which is struggling with
spiraling losses and more than US$1 billion (GBP660 million) of
debts, wants to offload the European division -- including 650
stores in the UK and more than 5,000 staff -- as part of a drive
to raise cash.

The company has appointed Winchester Capital, an American
corporate finance house, to find a buyer for the European
operation, which it values at about GBP50 million, the report

                      About Blockbuster Inc.

Dallas-based Blockbuster Inc. (NYSE: BBI, BBI.B) is a global
provider of rental and retail movie and game entertainment.  The
Company provides its customers with convenient access to media
entertainment anywhere and any way they want it -- whether in-
store, by-mail, through vending and kiosks or digital download.
With a highly recognized brand name and a library of over 125,000
movie and game titles, Blockbuster leverages its multi-channel
presence to further build upon its leadership position in the
media entertainment industry and to best serve the two million
daily global customers and over 50 million annual global
customers.  The Company may be accessed worldwide at

             Adverse Going Concern Opinion Anticipated

The Company expects to file its Annual Report on Form 10-K for
fiscal 2009 with the Securities and Exchange Commission on or
before March 19, 2010.  Management anticipates the report of the
Company's independent registered public accounting firm relative
to the Company's 2009 consolidated financial statements will
contain an explanatory paragraph indicating that substantial doubt
exists with respect to the Company's ability to continue as a
going concern.  The Company's independent public accountants have
advised management that such an opinion will be related to the
risk that the Company will have a low level of liquidity,
particularly as a result of decreased cash from operations.  As
the Company noted, it intends to explore strategic alternatives,
one or more which could improve its liquidity.

As reported by the Troubled Company Reporter on March 4, 2010,
Moody's Investors Service downgraded Blockbuster's long term
ratings, including its Probability of Default Rating and its
Corporate Family Rating to Caa3 from Caa1.  The outlook is
negative.  The speculative grade liquidity rating remains SGL-3.
"The Caa3 Probability of Default Rating reflects the significant
increase in the likelihood of a transaction Moody's would consider
a distressed exchange and hence a default" said Maggie Taylor,
Vice President and Senior Credit Officer at Moody's.  "This is
given Blockbuster's stated desire to pursue a transaction which
would strengthen its capital structure, which when given its weak
financial performance, may well result in it making an offer to
exchange some of its debt at a material discount to par," Ms.
Taylor added.

As reported by the TCR on September 18, 2009, Standard & Poor's
Ratings Services raised its corporate credit rating on Blockbuster
to 'B-' from 'CCC'.  The outlook is stable.

BRITISH AIRWAYS: Cabin Crew Union Set Strike Dates
Gill Plimmer and George Parker at The Financial Times report that
representatives of British Airways plc's 12,000 cabin crew members
announced a series of walkouts to take place later this month.

According to the FT, the strikes -- for three days from March 20
and four days from March 27 -- will cause travel disruption to
thousands of passengers in the run-up to Easter and hit BA's

The FT says at the heart of the dispute is a GBP62.5 million cost-
savings program, which both sides agree is needed to repair
profits at the loss-making airline, which is burning through an
estimated GBP1.5 million cash a day, and struggling with
competition from low-cost carriers and a prolonged slump in
lucrative premium-class bookings.

The FT notes while BA wants to achieve this through cutting staff
numbers from 16 to 15 on long haul flights -- a program it
implemented through 1,100 voluntary redundancies last November --
the Unite union wants these positions reinstated and has offered a
2.6% pay cut instead.  The union -- which has also conceded that
new staff can be hired on lower pay and more stringent contractual
conditions -- claims management's proposals exceed the airline's
annual savings target of GBP60 million, the FT recounts.

Roland Watson and Philip Pank at Times Online report that Lord
Adonis, the Transport Secretary on Sunday warned that the future
of British Airways is at risk if threatened strikes by cabin crew
go ahead.

The FT relates Lord Adonis appealed to union members to "put the
public first and put the company first" and call off the action.
According to the FT, Lord Adonis said he "absolutely deplored" the
strike and that it was "totally unjustified".  He called on both
sides to return to the negotiating table before the first planned
walkout next weekend, the FT states.

"The stakes are incredibly high.  The impact will not only be
deeply damaging on passengers, it will threaten the very existence
of British Airways," the FT quoted Lord Adonis as saying.

Unite says it will not strike during the first two weeks of April,
but further dates will be set on April 14, the FT notes.

                      About British Airways

Headquartered in Harmondsworth, England, British Airways Plc,
along with its subsidiaries, (LON:BAY) -- is
engaged in the operation of international and domestic scheduled
air services for the carriage of passengers, freight and mail and
the provision of ancillary services.  The Company's principal
place of business is Heathrow.  It also operates a worldwide air
cargo business, in conjunction with its scheduled passenger
services.  The Company operates international scheduled airline
route networks together with its codeshare and franchise partners,
and flies to more than 300 destinations worldwide.  During the
fiscal year ended March 31, 2009 (fiscal 2009), the Company
carried more than 33 million passengers.  It carried 777,000 tons
of cargo to destinations in Europe, the Americas and throughout
the world.  In July 2008, the Company's subsidiary, BA European
Limited (trading as OpenSkies), acquired the French airline,

                           *     *     *

As reported in the Troubled Company Reporter-Europe on Nov. 12,
2009, Moody's Investors Service placed the Ba3 Corporate Family
and Probability of Default Ratings of British Airways plc and the
senior unsecured and subordinate ratings of B1 and B2 under review
for possible downgrade.

Moody's said the rating action reflects the continued weakening in
profitability in the first half of FY2010 (to September 2009),
with an operating loss of GBP111 million reported versus a profit
of GBP140 million a year earlier (post restructuring charges), and
Moody's view that losses in FY2010 will likely be higher than in
FY2009.  This comes in spite of lower operating costs, notably for
fuel, as demand in the industry remains very depressed, while the
company has successfully reduced its employee and selling costs.
Reported net debt remained constant during the period, partly
benefiting from a positive exchange rate impact, although Moody's
debt metrics also incorporate the full value of the convertible
notes issued in August 2009.

EMAP INT'L: GMG Faces Up to GBP150 Mil. Impairment on Investment
John O'Doherty and Andrew Edgecliffe-Johnson at The Financial
Times report that Guardian Media Group is examining an impairment
of as much as GBP150 million on its investment in Emap.

According to the FT, GMG is undergoing an impairment review on all
the group's assets, and said it was likely that there would be an
impairment on Emap, in which it holds a 29.5% stake.

The FT says no figure has yet been reached by auditors but the
impairment could be as much as GBP150 million, knocking 50% off
the value of GMG's original investment.

An impairment of this size would push GMG into a loss for the
second year in a row, when it reports annual results in July or
August, the FT states.

The FT relates both Apax and GMG are in the process of buying back
some of Emap's GBP700 million debt pile to ease building pressure
on Emap's banking covenants.

The buy-back of about GBP100 million is expected to be completed
within the next few weeks, the FT says.  Apax is expected to make
the lion's share of these purchases, with GMG spending only a
"minimal amount" -- perhaps as little as 10% -- the FT discloses.

The buy-back will free up a GBP100 million facility originally
earmarked for Emap to make acquisitions, the FT notes.

Emap International Ltd. -- is a business-
to-business (B2B) publisher.  It is a producer of trade magazines
(Broadcast, Construction News, Retail Week) through its Emap
Inform unit.  It provides business intelligence, analysis, and
forecasting tools through its Emap Data and Insight unit.  In
addition, Emap organizes conferences such as the World Retail
Congress through Emap Network, and exhibitions such as the Cannes
Lions International Advertising Festival, through Emap Connect.
Subsidiary Worth Global Style Network covers the fashion industry.
Emap targets the retail, media, finance, fashion,
health, education, government, and automotive sectors.

EMI GROUP: Loses Pink Floyd Case Over Online Royalties
Jane Croft at The Financial Times reports that Pink Floyd has won
a court claim against EMI that prevents the record company from
selling single downloads of the band's concept albums on the

The FT recalls the band had gone to the High Court in London to
seek clarification of its contract with EMI, which was last
negotiated in 1998-99, before the massive expansion of music

According to the FT, the band had sought that EMI should not be
allowed to unbundle songs from its albums and sell them online
individually, but that albums should be sold as a whole with the
tracks in a predetermined order.

The FT relates Sir Andrew Morritt, chancellor of the High Court,
gave an oral judgment on Thursday, holding that EMI was bound by a
contract preventing it from selling its records other than as
complete albums without written consent.

The Pink Floyd case was heard in the High Court last week but went
into private session part way through the hearing after EMI made
an application citing commercial confidentiality, the FT recounts.

Mr. Morritt gave part of his oral judgment in private -- excluding
the public and media -- relating to a challenge over the level of
royalties paid by the record company, the FT notes.  He later
ordered that EMI pay Pink Floyd's legal costs and refused to give
the record company leave to appeal, the FT discloses.

                       Going Concern Doubt

As reported by the Troubled Company Reporter-Europe on Feb. 8,
2010, The Financial Times said KPMG, EMI Group's accountants,
raised "significant doubt" about the company's ability to continue
as a going concern.  The FT disclosed Guy Hands, Terra Firma's
founder and chairman, has written to investors in two of its
private equity funds asking them to inject another GBP120 million,
subject to EMI Music producing a new strategic plan.  He must come
up with the money by June 14 or risk losing the company to
Citigroup, his bankers, the FT said.  According to the FT,
accounts for the year to March 2009, released on February 9,
however, make clear that even if Terra Firma secures this equity,
it will face another "significant shortfall" against a test on
covenants in its loans by March 2011.  Unless it can persuade Citi
to restructure its GBP3.2 billion in loans by then, investors face
further cash calls, the FT stated.  The FT disclosed EMI's pre-tax
losses for the year to March 2009 widened to GBP1.7 billion,
against a GBP414 million loss for the previous period, which
covered the first eight months and 21 days of Terra Firma's

EMI -- is the fourth largest record
company in terms of market share (behind Universal Music Group,
Sony Music Entertainment, and Warner Music Group).  It houses
recorded music segment EMI Music and EMI Music Publishing.  EMI
Music distributes CDs, videos, and other formats primarily through
imprints and divisions such as Capitol Records and Virgin, and
sports a roster of artists such as The Beastie Boys, Norah Jones,
and Lenny Kravitz.  EMI Music Publishing, the world's largest
music publisher, handles the rights to more than a million songs.
EMI Music operates through regional divisions (EMI Music North
America, International, and UK & Ireland).  Private equity firm
Terra Firma owns EMI.

GALA CORAL: Nears GBP2.6-Billion Debt Restructuring Deal
Anousha Sakoui at The Financial Times reports that committees
representing Gala Coral's senior and mezzanine lenders have agreed
to the terms of a GBP2.6 billion restructuring that would cut the
group's debts by a quarter.

According to the FT, a group of five lenders holding 20% of the
senior debt, which includes Alcentra, Lloyds Banking Group and
Royal Bank of Scotland, have agreed to the plan, but 66.6% of
these creditors need to approve it.

Citing a person close to Gala, the FT says a further 20 senior
lenders are understood to be supportive of the plan.

The plan is set to be presented to the rest of the mezzanine
creditors this week, the FT states.

The deadline for votes is April 1, the FT discloses.  If met, the
restructuring could be completed by the end of May, the FT says.

The proposal will also require the approval of Gala's three
shareholders, whose equity stakes will be all but wiped out, the
FT states.  Citing people close to the situation, the FT notes if
they do not agree terms under which shareholders would support the
plan, the restructuring could still be implemented via a pre-
packaged administration.

The FT says under the plan, mezzanine creditors will provide
GBP200 million in new funds in exchange for 70% of the company and
write off all their existing GBP550 million debt claims in
exchange for the remaining 30%.

This cuts the company's net debt by GBP750 million from GBP2.6
billion to GBP1.85 billion, the FT discloses.  Gala would also
have a new set of financial covenants that will give it added
flexibility, the FT notes.

Gala Coral Group Ltd. -- is a
gaming company in the UK, with operations encompassing bingo,
casinos, and sports betting.  It runs more than 150 bingo halls
throughout the country, as well as some 30 casinos.  The company
is also a bookmarker with nearly 1,600 betting shops and online
betting sites.  Gala Coral Group was formed in 2005 when Gala
Group acquired Coral Eurobet.  The company is jointly owned by
private equity firms Cinven Group, Candover Investments, and

GENERAL MOTORS: UK to Provide Loan Guarantee for Vauxhall Plants
Daniel Schafer, Andrew Bounds and Gerrit Wiesmann at The Financial
Times report that the British government on Friday said it will
provide General Motors Co. with a GBP270 million (US$410 million)
loan guarantee for its two Vauxhall plants.

According to the FT, Lord Mandelson, UK business secretary, said
the deal meant the plants in Ellesmere Port and Luton and their
4,700 jobs were safe.

"I said we would support the company and we have," Lord Mandelson
told the FT on a visit to Manchester.  "They are first-rate plants
with a first-rate workforce."

GM wants to restructure its European operations under a EUR3.7
billion (US$5 billion) plan, for which it is seeking around EUR1.8
billion in loans and guarantees from five European countries where
it has plants -- the UK, Germany, Spain, Poland and Austria -- the
FT notes.

                       About General Motors

General Motors Company -- is one of the
world's largest automakers, tracing its roots back to 1908.  With
its global headquarters in Detroit, GM employs 209,000 people in
every major region of the world and does business in some 140
countries.  GM and its strategic partners produce cars and trucks
in 34 countries, and sell and service these vehicles through these
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel,
Vauxhall and Wuling.  GM's largest national market is the United
States, followed by China, Brazil, the United Kingdom, Canada,
Russia and Germany.  GM's OnStar subsidiary is the industry leader
in vehicle safety, security and information services.

GM acquired its operations from General Motors Company, n/k/a
Motors Liquidation Company, on July 10, 2009, pursuant to a sale
under Section 363 of the Bankruptcy Code.  Motors Liquidation or
Old GM is the subject of a pending Chapter 11 reorganization case
before the U.S. Bankruptcy Court for the Southern District of New

At September 30, 2009, GM had US$107.45 billion in total assets
against US$135.60 billion in total liabilities.

                    About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  General Motors changed its name to Motors
Liquidation Co. following the sale of its key assets to a company
60.8% owned by the U.S. Government.

The Honorable Robert E. Gerber presides over the Chapter 11 cases.
Harvey R. Miller, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil, Gotshal & Manges LLP, assist the Debtors
in their restructuring efforts.  Al Koch at AP Services, LLC, an
affiliate of AlixPartners, LLP, serves as the Chief Executive
Officer for Motors Liquidation Company.  GM is also represented by
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel.  Cravath, Swaine, & Moore LLP is providing legal advice
to the GM Board of Directors.  GM's financial advisors are Morgan
Stanley, Evercore Partners and the Blackstone Group LLP.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Motors Corp. and its various affiliates.
( 215/945-7000)

GS MEZZANINE: Fitch Changes Outlooks on Two Loans to Negative
Fitch Ratings has revised the Outlooks on GS Mezzanine Partners
III's US$130.3 million and EUR431.9 million multi-currency
revolving loan agreements to Negative from Stable whilst affirming
the loans' respective ratings at 'BBB-'.  A Loss Severity Rating
of 'LS-3' was assigned to both loans.

The revision of the Outlooks to Negative reflects the fact that
the portfolio credit quality has deteriorated since the last
review in December 2008.  The portfolio has experienced two
additional defaults representing 19.2% of the portfolio balance as
of December 2008.  In addition, 21% of the portfolio balance as of
December 2008 has been rated 'CCC+' or below, indicating that the
portfolio may suffer from further defaults.  The manager has
indicated that around US$100 million of cash received from the
portfolio will be reserved to support existing portfolio
companies.  This will most likely consist of equity investments.
While this support could mitigate future portfolio deterioration,
the Outlooks on both loans have been revised to Negative from
Stable due to the substantial risk of additional defaults for the
concentrated portfolio.

However, the notes have been affirmed as the current levels of
credit enhancement and excess spread of the loans are deemed
consistent with the current ratings.  Since the last review, the
loans have been repaid by US$202 million from interest and
principal proceeds received from the portfolio.  The credit
enhancement level of the loans now stands at 46.9%.  The
transaction also benefits from the generous amount of excess
spread currently representing up to 5% of the current portfolio
size per year that is used to redeem the loans.  In Fitch's view,
the loans could sustain six obligor defaults from the current
portfolio of nine obligors.

Looking forward, Fitch expects the fund to continue to delever as
interest and principal proceeds are received.  The agency believes
that excess spread that continues to be captured will mitigate
limited portfolio deterioration.

JARVIS HOTELS: In Talks with Banks to Refinance GBP122 Mil. Debt
Dominic Walsh and Helen Power at The Times report that Jarvis
Hotels is in advanced talks with Grant Thornton, acting on behalf
of the company's bank lenders, over a refinancing of its GBP122
million debt facility.  The company is in breach of its financial

The company has yet to lodge its accounts for the year to
March 2009, which Companies House records show are six weeks
overdue, the report notes.

The report recalls in its previous accounts, filed in July 2009,
auditors from KPMG indicated "a material uncertainty which may
cast doubt on the group's ability to continue as a going concern".
The accounts show that Jarvis was forced to seek waivers over
covenant breaches as the downturn in trading that started in the
second half of 2008 caused a cashflow crisis, the report

Citing the accounts, the report says discussions are over a new
debt facility, to run until 2012 with revised covenants.  To date
no such agreement has been announced.  The report notes insiders
close to the process said Sunday night that a resolution was in

Jarvis Hotels -- operates more than 40
mid-market hotels under the Ramada banner throughout England,
Wales, and Scotland.  About half of its properties are located
near airports, while five are located in the London area.  The
company is led by John Jarvis, who founded Jarvis Hotels in 1990,
when he purchased about 40 properties from Allied-Lyons (which
later became Allied Domecq).

PEARL GROUP: Close to Resolving Dispute with Junior Bondholders
Paul J. Davies at The Financial Times reports that Pearl Group is
close to a settlement with holders of GBP500 million worth of
junior bonds.

According to the FT, the deal being discussed has the unanimous
support of a committee of bondholders who have been leading
negotiations with the company and addresses most of the concerns
bondholders had with the previous settlement offer.

The FT relates Pearl said Friday it was "in substantive and
positive discussions" with the bondholder committee, which
controls about 60% of the notes.  It "hopes to be able to make a
full announcement shortly".

The FT says a deal would ease Pearl's plans to move to a full FTSE
100 listing later this year, following its financial

The FT recalls that in January, investors including Abaci, Axa,
F&C, Fidelity, MSD Capital, Oceanwood Capital and Rathbones
Investment Management rejected a proposed settlement from Pearl
that the company said was its best offer.

The FT recounts that in the January proposal, Pearl offered to
swap GBP100 million of the bonds for cash at 45p in the pound and
to improve investor protection on the remaining bonds, in exchange
for a cut in their value to 75p in the pound.  Pearl would not pay
the missed coupon, the FT discloses.

According to the FT, the bondholders said they wanted greater
protection against future company reorganizations or changes of
control.  They also wanted their missed coupon made good, the FT

The FT notes one person said Friday that the main points the
bondholders had been seeking had been addressed.  The company, as
cited by the FT, said any agreement would be subject to approval
by regulators and its lending banks.

Pearl Group Limited --
operates through two primary operating companies: Pearl Assurance
and Phoenix Life Limited.  It also operates London Life, NPI Ltd,
and Scottish Mutual.  However, its companies don't sell new
policies but instead maintain blocks of life insurance policies
and pension products bought from other insurers (called closed
life funds).  It has more than 7 million such policies in force.
Its asset and risk management business operates as Ignis Asset
Management.  Pearl Group intends to list on the London Stock

REC PLANTATION: Fitch Gives Stable Outlook; Affirms All Ratings
Fitch Ratings has revised the Outlook of REC Plantation Place
Limited's senior floating-rate notes to Stable from Negative and
affirmed all ratings:

  -- GBP287.7 million Class A (XS0262650889) affirmed at 'AAA';
     Outlook revised to Stable from Negative

  -- GBP39.6 million Class B (XS0262650962) affirmed at 'AA-';
     Outlook revised to Stable from Negative

  -- GBP44.5 million Class C (XS0262651002) affirmed at 'BBB-';
     Outlook revised to Stable from Negative

  -- GBP39.6 million Class D (XS0262651184) affirmed at 'B-';
     Outlook Negative

  -- GBP14.8 million Class E (XS0262651341) affirmed at 'CCC';
     Recovery Rating 'RR4'

Following two years of value depreciation, the reported value for
the underlying property (Plantation Place, a Grade A office
building in the City of London) rose during the last two quarters.
It stood at GBP400 million in January 2010, compared to peak and
trough values of GBP620 million (in July 2007) and GBP356 million
(in July 2009), respectively.  The Outlook revisions and
affirmation reflect the reduced leverage of the notes and the
stability of the income profile.

The loan remains in primary servicing despite the ongoing loan-to-
value ratio (LTV) covenant breach.  Although the LTV improved to
102.5% from 110.9% in October 2009 on the securitized A-note and
to 108.7% from 117.5% on the whole loan, both ratios are still
well in excess of the covenant ratios of 77.7% and 82.1%,
respectively.  Income has remained stable between closing in
August 2006 and September 2009, when a six-month rent-free period
was granted to one of the main tenants, Royal & Sun Alliance
(rated 'BBB+'/Outlook Positive), in exchange for the removal of
certain break options on some of the tenant's leases.  Despite the
temporary income reduction, the interest coverage ratio (ICR)
covenant has not been breached on either the A-note or whole loan.
Following the removal of the break options, the weighted average
unexpired lease term was 15.9 years at the January 2010 interest
payment date.  The weighted average tenant rating is 'A'.

Although the loan has not been accelerated as a result of the LTV
covenant breaches, excess rental income is being trapped within
the rental income account, after senior expenses and
interest/principal payments on the A-note and B-note have been
made.  Fitch understands that the surplus has been fully drawn to
cover legal and other professional expenses related to the loan

Fitch employed its criteria for European CMBS surveillance to
analyze the quality of the underlying commercial loan.

VEDANTA RESOURCES: To Spin Off Aluminum Project in India
The Economic Times reports that Vedanta Resources plc is likely to
demerge a large aluminium project in Orissa, India, into a
separate entity to help the conglomerate get a better valuation
for the aluminium business.  According to the report, London-
listed Vedanta has hired Morgan Stanley, Credit Suisse and JP
Morgan Cazenove to put together a plan that would result -- if
approved by shareholders and creditors -- in Vedanta Aluminium,
the subsidiary which has operations in Orissa, being listed on NSE
and BSE.

The report, citing people familiar with the development, says
Bharat Aluminium, or Balco, another aluminium company in the
Vedanta fold, is not part of this plan, since the government owns
49% of it.

ET's source said Vedanta wanted to make its Indian business --
which are currently consolidated under Sterlite Industries which
directly makes copper and holds stakes in companies smelting
aluminium and zinc -- easier for investors to understand.  If the
plan is approved by shareholders and regulators, Sterlite will end
up as primarily a maker of copper, zinc and lead while the bulk of
the aluminium business will be with the new listed company,
Vedanta Aluminium.

Both entities, Sterlite and Vedanta Aluminium, will be majority
owned by the London-based parent, Vedanta Resources, the report
notes.  Vedanta Aluminium is 70% owned by Vedanta Resources and
the rest is with Sterlite Industries.

Vedanta Resources plc (LON:VED) is United Kingdom-based company.
The Company is the parent company of a diversified metals and
mining companies.  The Company is organized in five segments:
aluminium, copper, zinc, iron ore and others. Aluminum includes
bauxite mining, alumina refining and aluminum smelting operations
in India. Copper include smelting and refining operations in
India, copper ore mining in Australia and an integrated copper
production operation in Zambia.  Zinc includes zinc-lead mining
and smelting operations in India.  Iron ore include iron ore mine
in India. The Company acquired Zambia Copper Investment Limited's
28.4% stake in Konkola Copper Mines PLC in April 2008.

                           *     *     *

As reported in the Troubled Company Reporter-Europe on March 5,
2010, Moody's Investors Service said Vedanta Resources plc's
announcement that it has raised US$805 million through a
convertible bond offering due 2017 has no impact on the company's
ratings or outlook.  Vedanta has a Ba1 corporate family rating and
Ba2 senior unsecured rating, both with stable outlook.


* Large Companies with Insolvent Balance Sheet

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

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

SABENA SA           SABA BB        -84766501.61   2196477161

OT-OPTIMA TELEKO    OPTERA CZ         -48565065  119632635.5
OT OPTIMA TELEKO    2299892Z CZ       -48565065  119632635.5

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 EU       -27821889.5    240947718
LIBRA HOLIDAYS      LHGR CY         -27821889.5    240947718
LIBRA HOLIDAYS      LHGCYP EO       -27821889.5    240947718
LIBRA HOLIDAYS G    LHG EO          -27821889.5    240947718
LIBRA HOLIDAYS G    LHG PZ          -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

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

ELITE SHIPPING      ELSP DC        -27715991.74  100892900.3
ROSKILDE BANK       ROSK DC        -532868894.9   7876687324
ROSKILDE BANK       ROSK EU        -532868894.9   7876687324
ROSKILDE BANK       ROSBF US       -532868894.9   7876687324
ROSKILDE BANK       RKI GR         -532868894.9   7876687324
ROSKILDE BANK       RSKC IX        -532868894.9   7876687324
ROSKILDE BANK       ROSK EO        -532868894.9   7876687324
ROSKILDE BANK       ROSK PZ        -532868894.9   7876687324
ROSKILDE BANK       ROSKF US       -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

CARRERE GROUP       CRRHF US       -9829592.638    279906700
CARRERE GROUP       XRR GR         -9829592.638    279906700
CARRERE GROUP       CAR2 EO        -9829592.638    279906700
CARRERE GROUP       CARF PZ        -9829592.638    279906700
CARRERE GROUP       CAR2 EU        -9829592.638    279906700
CARRERE GROUP       CAR FP         -9829592.638    279906700
CARRERE GROUP       CARG FP        -9829592.638    279906700
CARRERE GROUP       CRGP IX        -9829592.638    279906700
CHAINE ET TRAME     CTRM FP         -46169771.5  134467847.6
CHAINE ET TRAME     CHTR FP         -46169771.5  134467847.6
GRANDE PAROISSE     GAPA FP        -927267926.9    629287290
GRANDE PAROISSE     GDPA FP        -927267926.9    629287290
GRANDE PAROISSE     GDPXF US       -927267926.9    629287290
IMMOB HOTEL BALN    IMHB FP        -66874823.95  301323804.9
IMMOB HOTELIERE     IMBHF US       -66874823.95  301323804.9
IMMOB HOTELIERE     IMHO EO        -66874823.95  301323804.9
IMMOB HOTELIERE     IMHO PZ        -66874823.95  301323804.9
IMMOB HOTELIERE     IMMH IX        -66874823.95  301323804.9
IMMOB HOTELIERE     IMHO FP        -66874823.95  301323804.9
IMMOB HOTELIERE     IMHO EU        -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    MBRE EU         -46169771.5  134467847.6
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
NORTENE             NRTP IX        -35623999.56  117566786.9
NORTENE             NORT FP        -35623999.56  117566786.9
NORTENE             NRTN FP        -35623999.56  117566786.9
OROSDI              OROS FP         -7291.55004  131233317.6
OROSDI-BACK         BACK IX         -7291.55004  131233317.6
OROSDI-BACK         ORBA FP         -7291.55004  131233317.6
OROSDI-BACK         OROS EU         -7291.55004  131233317.6
OROSDI-BACK         OROS EO         -7291.55004  131233317.6
OROSDI-BACK         OROS PZ         -7291.55004  131233317.6
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
OUTSIDE LIVING I    OLIN PZ        -35623999.56  117566786.9
OUTSIDE LIVING I    NORT PZ        -35623999.56  117566786.9
PAGESJAUNES         PGJUF US        -3303869370  970555919.3
PAGESJAUNES GRP     PAJ QM          -3303869370  970555919.3
PAGESJAUNES GRP     QS3 GR          -3303869370  970555919.3
PAGESJAUNES GRP     PAJGBP EO       -3303869370  970555919.3
PAGESJAUNES GRP     PAJ PZ          -3303869370  970555919.3
PAGESJAUNES GRP     PAJ IX          -3303869370  970555919.3
PAGESJAUNES GRP     PAJ FP          -3303869370  970555919.3
PAGESJAUNES GRP     PAJUSD EU       -3303869370  970555919.3
PAGESJAUNES GRP     PAJ VX          -3303869370  970555919.3
PAGESJAUNES GRP     PAJ EU          -3303869370  970555919.3
PAGESJAUNES GRP     PAJGBX EO       -3303869370  970555919.3
PAGESJAUNES GRP     PAJ BQ          -3303869370  970555919.3
PAGESJAUNES GRP     PAJ EO          -3303869370  970555919.3
PAGESJAUNES GRP     PAJGBX EU       -3303869370  970555919.3
PAGESJAUNES GRP     PAJP IX         -3303869370  970555919.3
PAGESJAUNES GRP     PAJUSD EO       -3303869370  970555919.3
PAGESJAUNES GRP     PAJ EB          -3303869370  970555919.3
PAGESJAUNES GRP     PAJ TQ          -3303869370  970555919.3
PAGESJAUNES GRP     PAJ NQ          -3303869370  970555919.3
PAGESJAUNES GRP     PAJ LI          -3303869370  970555919.3
RHODIA SA           RHANR FP       -913748142.2   6150227880
RHODIA SA           RHA NQ         -913748142.2   6150227880
RHODIA SA           RHA EU         -913748142.2   6150227880
RHODIA SA           RHAGBX EU      -913748142.2   6150227880
RHODIA SA           RHAGBX EO      -913748142.2   6150227880
RHODIA SA           2324011Q EU    -913748142.2   6150227880
RHODIA SA           RHANR PZ       -913748142.2   6150227880
RHODIA SA           RHA FP         -913748142.2   6150227880
RHODIA SA           RHA EB         -913748142.2   6150227880
RHODIA SA           RHD GR         -913748142.2   6150227880
RHODIA SA           RHAUSD EO      -913748142.2   6150227880
RHODIA SA           RHA QM         -913748142.2   6150227880
RHODIA SA           RHA VX         -913748142.2   6150227880
RHODIA SA           RHA TQ         -913748142.2   6150227880
RHODIA SA           RHADF US       -913748142.2   6150227880
RHODIA SA           RHA EO         -913748142.2   6150227880
RHODIA SA           RHAGBP EO      -913748142.2   6150227880
RHODIA SA           RHAY IX        -913748142.2   6150227880
RHODIA SA           RHA IX         -913748142.2   6150227880
RHODIA SA           RHAUSD EU      -913748142.2   6150227880
RHODIA SA           RHDAF US       -913748142.2   6150227880
RHODIA SA           RHDI GR        -913748142.2   6150227880
RHODIA SA           2324015Q EO    -913748142.2   6150227880
RHODIA SA           RHA PZ         -913748142.2   6150227880
RHODIA SA           RHA BQ         -913748142.2   6150227880
RHODIA SA           3218857Q IX    -913748142.2   6150227880
RHODIA SA - NEW     RHANV FP       -913748142.2   6150227880
RHODIA SA - NEW     3506266Q FP    -913748142.2   6150227880
RHODIA SA - NEW     3156011Q FP    -913748142.2   6150227880
RHODIA SA - NEW     2335921Q 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            SLCO FP        -21481214.33  175720770.8
Selcodis            SPVX FP        -21481214.33  175720770.8
SELCODIS            SPVX IX        -21481214.33  175720770.8
SELCODIS            SLCO EU        -21481214.33  175720770.8
SELCODIS            SLCO PZ        -21481214.33  175720770.8
TECHNICOLOR         TMMLF US       -587281616.7   6690514315
TECHNICOLOR         TMSGBX EU      -587281616.7   6690514315
TECHNICOLOR         TMSUSD EU      -587281616.7   6690514315
TECHNICOLOR         TMM IX         -587281616.7   6690514315
TECHNICOLOR         TMS GK         -587281616.7   6690514315
TECHNICOLOR         TMS EB         -587281616.7   6690514315
TECHNICOLOR         TCH TQ         -587281616.7   6690514315
TECHNICOLOR         TMS NQ         -587281616.7   6690514315
TECHNICOLOR         TMS BQ         -587281616.7   6690514315
TECHNICOLOR         TCH FP         -587281616.7   6690514315
TECHNICOLOR         TMS PZ         -587281616.7   6690514315
TECHNICOLOR         TMS EU         -587281616.7   6690514315
TECHNICOLOR         TNM GR         -587281616.7   6690514315
TECHNICOLOR         TCH QM         -587281616.7   6690514315
TECHNICOLOR         TMSGBP EO      -587281616.7   6690514315
TECHNICOLOR         TMSUSD EO      -587281616.7   6690514315
TECHNICOLOR         TCH NQ         -587281616.7   6690514315
TECHNICOLOR         TMSGBX EO      -587281616.7   6690514315
TECHNICOLOR         TMS EO         -587281616.7   6690514315
TECHNICOLOR-ADR     TCH US         -587281616.7   6690514315
THOMSON - NEW       2336061Q FP    -587281616.7   6690514315
THOMSON - NEW       TMSNV FP       -587281616.7   6690514315
THOMSON (EX-TMM)    TMM ES         -587281616.7   6690514315
THOMSON (EX-TMM)    TMS VX         -587281616.7   6690514315
THOMSON (EX-TMM)    TMMN FP        -587281616.7   6690514315
THOMSON (EX-TMM)    TMS QM         -587281616.7   6690514315
THOMSON (EX-TMM)    TNMA GR        -587281616.7   6690514315
THOMSON (EX-TMM)    TMS FP         -587281616.7   6690514315
THOMSON (EX-TMM)    TMM LN         -587281616.7   6690514315
THOMSON (EX-TMM)    TMS TQ         -587281616.7   6690514315
THOMSON (EX-TMM)    TMS US         -587281616.7   6690514315
THOMSON (EX-TMM)    TMM VX         -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      TVYCF US       -396977.9956  133986439.7
TROUVAY CAUVIN      ETEC FP        -396977.9956  133986439.7

DEVELICA DEUTSCH    DDE LN         -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 IX         -107879893.8   1235370057
O TWELVE ESTATES    OTEEUR EO      -7152968.898  297722697.4
O TWELVE ESTATES    OTE PG         -7152968.898  297722697.4
O TWELVE ESTATES    OTE LN         -7152968.898  297722697.4
O TWELVE ESTATES    OTE PZ         -7152968.898  297722697.4
O TWELVE ESTATES    O2T GR         -7152968.898  297722697.4
O TWELVE ESTATES    OTE IX         -7152968.898  297722697.4
O TWELVE ESTATES    OTE EO         -7152968.898  297722697.4
O TWELVE ESTATES    OTE EU         -7152968.898  297722697.4

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             DOOG IX        -482446.6262  144432986.2
AGOR AG             DOO EO         -482446.6262  144432986.2
AGOR AG             DOOD PZ        -482446.6262  144432986.2
AGOR AG-RTS         2301918Z GR    -482446.6262  144432986.2
ALNO AG             ANO GR         -68516656.94  290459933.8
ALNO AG             ANO EU         -68516656.94  290459933.8
ALNO AG             ANO PZ         -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           BROAF US       -27139391.98  143536859.7
BROKAT AG           BKISF US       -27139391.98  143536859.7
BROKAT AG           BROFQ US       -27139391.98  143536859.7
BROKAT AG           BRKAF US       -27139391.98  143536859.7
BROKAT AG -NEW      BRJ1 GR        -27139391.98  143536859.7
BROKAT AG -NEW      BRJ1 NM        -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      BSA LN         -27139391.98  143536859.7
BROKAT TECH AG      BRJ GR         -27139391.98  143536859.7
BROKAT TECH AG      BRJ NM         -27139391.98  143536859.7
BROKAT TECH-ADR     BRJA GR        -27139391.98  143536859.7
CBB HOLDING AG      CUBDF US       -42994732.85  904723627.8
CBB HOLDING AG      COB2 EO        -42994732.85  904723627.8
CBB HOLDING AG      COBG IX        -42994732.85  904723627.8
CBB HOLDING AG      COBG PZ        -42994732.85  904723627.8
CBB HOLDING AG      COB GR         -42994732.85  904723627.8
CBB HOLDING AG      COB2 EU        -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         MXCUSD EU      -42008900.33  144431938.3
CINEMAXX AG         MXC EU         -42008900.33  144431938.3
CINEMAXX AG         MXC EO         -42008900.33  144431938.3
CINEMAXX AG         MXC GR         -42008900.33  144431938.3
CINEMAXX AG         MXCUSD EO      -42008900.33  144431938.3
CINEMAXX AG         MXC PZ         -42008900.33  144431938.3
CINEMAXX AG         MXCG IX        -42008900.33  144431938.3
CINEMAXX AG         CNEMF US       -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 GR         -22323463.23  425598807.8
EDOB ABWICKLUNGS    ESC EO         -22323463.23  425598807.8
EDOB ABWICKLUNGS    ESC EU         -22323463.23  425598807.8
EDOB ABWICKLUNGS    ESC PZ         -22323463.23  425598807.8
EDOB ABWICKLUNGS    ESC TQ         -22323463.23  425598807.8
EDOB ABWICKLUNGS    ESCDF US       -22323463.23  425598807.8
EM.TV & MERCHAND    ETV VX         -22067409.41  849175624.7
EM.TV & MERCHAND    985403Q GR     -22067409.41  849175624.7
EM.TV & MERCHAND    ETV LN         -22067409.41  849175624.7
EM.TV & MERCHAND    ETV NM         -22067409.41  849175624.7
EM.TV & MERCHAND    EMTVF US       -22067409.41  849175624.7
EM.TV & MERCHAND    ETVMF US       -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 NM        -22067409.41  849175624.7
EM.TV & MERC-RTS    ETV8 GR        -22067409.41  849175624.7
ESCADA AG           ESCG IX        -22323463.23  425598807.8
ESCADA AG -PFD      ESC3 GR        -22323463.23  425598807.8
ESCADA AG-NEW       ESCD GR        -22323463.23  425598807.8
ESCADA AG-NEW       ESCN GR        -22323463.23  425598807.8
ESCADA AG-NEW       ESCN EU        -22323463.23  425598807.8
ESCADA AG-NEW       ESCC GR        -22323463.23  425598807.8
ESCADA AG-NEW       3069367Q GR    -22323463.23  425598807.8
ESCADA AG-NEW       835345Q GR     -22323463.23  425598807.8
ESCADA AG-NEW       ESCN EO        -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 EO         -19296489.56  150995473.8
KAUFRING AG         KFR EU         -19296489.56  150995473.8
KAUFRING AG         KFR PZ         -19296489.56  150995473.8
KAUFRING AG         KFR GR         -19296489.56  150995473.8
KAUFRING AG         KAUG IX        -19296489.56  150995473.8
MANIA TECHNOLOGI    MNI NM          -35060806.5  107465713.6
MANIA TECHNOLOGI    MNI GR          -35060806.5  107465713.6
MANIA TECHNOLOGI    MNI1 EU         -35060806.5  107465713.6
MANIA TECHNOLOGI    2260970Z GR     -35060806.5  107465713.6
MANIA TECHNOLOGI    MNI PZ          -35060806.5  107465713.6
MANIA TECHNOLOGI    MNIG IX         -35060806.5  107465713.6
MANIA TECHNOLOGI    MIAVF US        -35060806.5  107465713.6
MANIA TECHNOLOGI    MNI1 EO         -35060806.5  107465713.6
MATERNUS KLINI-N    MAK1 GR        -17804909.71  189933668.6
MATERNUS-KLINIKE    MNUKF US       -17804909.71  189933668.6
MATERNUS-KLINIKE    MAK EO         -17804909.71  189933668.6
MATERNUS-KLINIKE    MAK GR         -17804909.71  189933668.6
MATERNUS-KLINIKE    MAK EU         -17804909.71  189933668.6
MATERNUS-KLINIKE    MAKG IX        -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 EU         -18656728.68  610380925.7
PRIMACOM AG         PRC EO         -18656728.68  610380925.7
PRIMACOM AG         PRC NM         -18656728.68  610380925.7
PRIMACOM AG         PRC GR         -18656728.68  610380925.7
PRIMACOM AG         PCAGF US       -18656728.68  610380925.7
PRIMACOM AG         PRC2 GR        -18656728.68  610380925.7
PRIMACOM AG         PRCG IX        -18656728.68  610380925.7
PRIMACOM AG         PRCG PZ        -18656728.68  610380925.7
PRIMACOM AG-ADR     PCAGY US       -18656728.68  610380925.7
PRIMACOM AG-ADR     PCAG US        -18656728.68  610380925.7
PRIMACOM AG-ADR+    PCAG ES        -18656728.68  610380925.7
RAG ABWICKL-REG     ROS1 EO        -1744121.914  217776125.8
RAG ABWICKL-REG     RSTHF US       -1744121.914  217776125.8
RAG ABWICKL-REG     ROS GR         -1744121.914  217776125.8
RAG ABWICKL-REG     ROS1 EU        -1744121.914  217776125.8
RAG ABWICKL-REG     ROSG PZ        -1744121.914  217776125.8
RINOL AG            RNLAF US            -2.7111  168095049.1
RINOL AG            RILB GR             -2.7111  168095049.1
RINOL AG            RILB IX             -2.7111  168095049.1
RINOL AG            RILB PZ             -2.7111  168095049.1
RINOL AG            RIL GR              -2.7111  168095049.1
RINOL AG            RILB EO             -2.7111  168095049.1
RINOL AG            RILB EU             -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    2916161Q EO    -6153256.917  127548039.7
SANDER (JIL)-PRF    2916157Q EU    -6153256.917  127548039.7
SANDER (JIL)-PRF    SAD3 GR        -6153256.917  127548039.7
SANDER (JIL)-PRF    SAD3 PZ        -6153256.917  127548039.7
SINNLEFFERS AG      WHG GR         -4491629.961  453887060.1
SPAR HANDELS-AG     773844Q GR     -442426199.5   1433020961
SPAR HANDELS-AG     SPHFF US       -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    TWN EO         -120075877.7    410015192
TA TRIUMPH-ADLER    TWN GR         -120075877.7    410015192
TA TRIUMPH-ADLER    TWNG IX        -120075877.7    410015192
TA TRIUMPH-ADLER    TWN PZ         -120075877.7    410015192
TA TRIUMPH-ADLER    TTZAF US       -120075877.7    410015192
TA TRIUMPH-ADLER    TWN EU         -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      VIVGF US       -22198683.12  111990951.4
VIVANCO GRUPPE      VVA1 GR        -22198683.12  111990951.4
VIVANCO GRUPPE      VVA1 EU        -22198683.12  111990951.4
VIVANCO GRUPPE      VVAG IX        -22198683.12  111990951.4
VIVANCO GRUPPE      VVA GR         -22198683.12  111990951.4
VIVANCO GRUPPE      VVA1 PZ        -22198683.12  111990951.4
VIVANCO GRUPPE      VVA1 EO        -22198683.12  111990951.4

AG PETZETAKIS SA    PTZ GR         -36788613.11  258762040.3
AG PETZETAKIS SA    PZETF US       -36788613.11  258762040.3
AG PETZETAKIS SA    PETZK PZ       -36788613.11  258762040.3
AG PETZETAKIS SA    PTZ1 GR        -36788613.11  258762040.3
AG PETZETAKIS SA    PETZK EU       -36788613.11  258762040.3
AG PETZETAKIS SA    PETZK GA       -36788613.11  258762040.3
AG PETZETAKIS SA    PETZK EO       -36788613.11  258762040.3
ALMA-ATERM-AUCT     ATERME GA      -4110971.317  105276552.2
ALMA-ATERMON SA     ATERM PZ       -4110971.317  105276552.2
ALMA-ATERMON SA     ATERM EO       -4110971.317  105276552.2
ALMA-ATERMON SA     ATERM EU       -4110971.317  105276552.2
ALTEC SA -AUCT      ALTECE GA        -118834340  160209968.7
ALTEC SA INFO       ALTEC PZ         -118834340  160209968.7
ALTEC SA INFO       ALTEC EU         -118834340  160209968.7
ALTEC SA INFO       ALTEC GA         -118834340  160209968.7
ALTEC SA INFO       ATCQF US         -118834340  160209968.7
ALTEC SA INFO       ALTEC EO         -118834340  160209968.7
ALTEC SA INFO       AXY GR           -118834340  160209968.7
ALTEC SA INFO-RT    ALTECR GA        -118834340  160209968.7
ALTEC SA INFO-RT    ALTED GA         -118834340  160209968.7
ARIES MARITIME T    RAMS US           -57875000    197992000
ASPIS PRONIA GE     ASASK EO       -189908329.1  896537349.7
ASPIS PRONIA GE     AISQF US       -189908329.1  896537349.7
ASPIS PRONIA GE     ASASK EU       -189908329.1  896537349.7
ASPIS PRONIA GE     ASASK PZ       -189908329.1  896537349.7
ASPIS PRONIA GE     ASASK GA       -189908329.1  896537349.7
ASPIS PRONIA -PF    ASAPR GA       -189908329.1  896537349.7
ASPIS PRONIA-PF     APGV GR        -189908329.1  896537349.7
ASPIS PRONIA-PF     ASASP GA       -189908329.1  896537349.7
ASPIS PRONIA-RT     ASASKR GA      -189908329.1  896537349.7
ASPIS PRONOIA GE    APG GR         -189908329.1  896537349.7
ASPIS PRONOIA GE    APGG IX        -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       -38449174.63  221302771.2
KOUMBAS RTS         KOUMR GA       -38449174.63  221302771.2
KOUMBAS SYNERGY     KOUM PZ        -38449174.63  221302771.2
KOUMBAS SYNERGY     KOUM GA        -38449174.63  221302771.2
KOUMBAS SYNERGY     KOUM EO        -38449174.63  221302771.2
KOUMBAS SYNERGY     KOUM EU        -38449174.63  221302771.2
KOUMBAS SYNERGY     KOUMF US       -38449174.63  221302771.2
NAOUSSA SPIN -RT    NAOYD GA         -130380438  326934399.4
NAOUSSA SPIN-AUC    NAOYKE GA        -130380438  326934399.4
NAOUSSA SPINNING    NML1 GR          -130380438  326934399.4
NAOUSSA SPINNING    NML GR           -130380438  326934399.4
NAOUSSA SPIN-RTS    NAOYKR GA        -130380438  326934399.4
NEWLEAD HOLDINGS    A1M GR            -57875000    197992000
NEWLEAD HOLDINGS    NEWL US           -57875000    197992000
PETZET - PFD-RTS    PETZPD GA      -36788613.11  258762040.3
PETZETAKIS - RTS    PETZKD GA      -36788613.11  258762040.3
PETZETAKIS-AUC      PETZKE GA      -36788613.11  258762040.3
PETZETAKIS-PFD      PETZP GA       -36788613.11  258762040.3
PETZETAKIS-PFD      PTZ3 GR        -36788613.11  258762040.3
RADIO KORASSIDIS    RKC GR         -100972173.9  180679253.6
RADIO KORASSIDIS    RAKOF US       -100972173.9  180679253.6
RADIO KORASSIDIS    KORA GA        -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    THEMED GA      -55751178.85  232036822.6
THEMELIODOMI-RTS    THEMER GA      -55751178.85  232036822.6
UNITED TEXTILES     NAOYK GA         -130380438  326934399.4
UNITED TEXTILES     UTEX PZ          -130380438  326934399.4
UNITED TEXTILES     UTEX GA          -130380438  326934399.4
UNITED TEXTILES     NAOSF US         -130380438  326934399.4
UNITED TEXTILES     UTEX EO          -130380438  326934399.4
UNITED TEXTILES     UTEX EU          -130380438  326934399.4

HUNGARIAN TELEPH    HUC EX            -75973000    835658048
HUNGARIAN TELEPH    HUGC IX           -75973000    835658048
HUNGARIAN TELEPH    HUC GR            -75973000    835658048
INVITEL HOLD-ADR    IHO US            -75973000    835658048
INVITEL HOLD-ADR    INVHY US          -75973000    835658048
INVITEL HOLD-ADR    0IN GR            -75973000    835658048
INVITEL HOLDINGS    3212873Z HB       -75973000    835658048

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

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

AEDES AXA+W         AEAXAW IM      -24405906.61   1350851664
AEDES SPA           AE TQ          -24405906.61   1350851664
AEDES SPA           AE EO          -24405906.61   1350851664
AEDES SPA           LLB GR         -24405906.61   1350851664
AEDES SPA           AE EU          -24405906.61   1350851664
AEDES SPA           AE IM          -24405906.61   1350851664
AEDES SPA           AEDSF US       -24405906.61   1350851664
AEDES SPA           AE PZ          -24405906.61   1350851664
AEDES SPA           AEDI IX        -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       AEAA IM        -24405906.61   1350851664
AEDES SPA-RTS       AESA 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    FIY GR         -422095869.5   1583083044
CIRIO FINANZIARI    CRO IM         -422095869.5   1583083044
COIN SPA            GUCIF US       -151690764.8  791310848.7
COIN SPA            GC IX          -151690764.8  791310848.7
COIN SPA            965089Q GR     -151690764.8  791310848.7
COIN SPA/OLD        GC IM          -151690764.8  791310848.7
COIN SPA-RTS        GCAA IM        -151690764.8  791310848.7
COMPAGNIA ITALIA    CITU IX        -137726596.3  527372691.4
COMPAGNIA ITALIA    CGLUF US       -137726596.3  527372691.4
COMPAGNIA ITALIA    ICT IM         -137726596.3  527372691.4
CORNELL BHN         INN IM         -178432.4639  134255668.5
CORNELL BHN         BY EU          -178432.4639  134255668.5
CORNELL BHN         BY EO          -178432.4639  134255668.5
CORNELL BHN         INO1 IX        -178432.4639  134255668.5
CORNELL BHN         CBX 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 EO         -92020221.43  318192568.6
I VIAGGI DEL VEN    IVGIF US       -92020221.43  318192568.6
I VIAGGI DEL VEN    VVE PZ         -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 IM         -92020221.43  318192568.6
I VIAGGI DEL VEN    VVE EU         -92020221.43  318192568.6
I VIAGGI DEL VEN    VVE TQ         -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    ONTI IX         -47468652.4  322390901.7
OMNIA NETWORK SP    ONT EO          -47468652.4  322390901.7
OMNIA NETWORK SP    ONT PZ          -47468652.4  322390901.7
OMNIA NETWORK SP    ONT EU          -47468652.4  322390901.7
OMNIA NETWORK SP    ONT IM          -47468652.4  322390901.7
PARMALAT FINANZI    PMLFF US       -18419390029   4120687886
PARMALAT FINANZI    FICN AV        -18419390029   4120687886
PARMALAT FINANZI    PRFI VX        -18419390029   4120687886
PARMALAT FINANZI    PRF IM         -18419390029   4120687886
PARMALAT FINANZI    PAF GR         -18419390029   4120687886
PARMALAT FINANZI    PMT LI         -18419390029   4120687886
PARMALAT FINANZI    PARAF US       -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     RNGBP EO       -165887753.7   4800733024
RISANAMENTO SPA     RN TQ          -165887753.7   4800733024
RISANAMENTO SPA     RSMNF US       -165887753.7   4800733024
RISANAMENTO SPA     RN IM          -165887753.7   4800733024
RISANAMENTO SPA     RN EO          -165887753.7   4800733024
RISANAMENTO SPA     RNGBX EO       -165887753.7   4800733024
RISANAMENTO SPA     RN PZ          -165887753.7   4800733024
RISANAMENTO SPA     RN IX          -165887753.7   4800733024
RISANAMENTO SPA     RNGBX EU       -165887753.7   4800733024
RISANAMENTO SPA     RN EU          -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            SNIB GR        -141933883.9  150445252.4
SNIA SPA            SN IM          -141933883.9  150445252.4
SNIA SPA            SIAI IX        -141933883.9  150445252.4
SNIA SPA            SNIA GR        -141933883.9  150445252.4
SNIA SPA            SSMLF US       -141933883.9  150445252.4
SNIA SPA            SN TQ          -141933883.9  150445252.4
SNIA SPA            SN EO          -141933883.9  150445252.4
SNIA SPA            SN EU          -141933883.9  150445252.4
SNIA SPA            SNIXF US       -141933883.9  150445252.4
SNIA SPA            SBPDF US       -141933883.9  150445252.4
SNIA SPA            SIAI PZ        -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        SNIVF US       -141933883.9  150445252.4
SNIA SPA-RCV        SNR IM         -141933883.9  150445252.4
SNIA SPA-RIGHTS     SNAW IM        -141933883.9  150445252.4
SNIA SPA-RNC        SNRNC IM       -141933883.9  150445252.4
SNIA SPA-RNC        SNIWF US       -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       SCTM IX        -161739278.5  398222827.1
SOCOTHERM SPA       SCT IM         -161739278.5  398222827.1
SOCOTHERM SPA       SOCEF US       -161739278.5  398222827.1
SOCOTHERM SPA       SCTI PZ        -161739278.5  398222827.1
SOCOTHERM SPA       SCT EU         -161739278.5  398222827.1
SOCOTHERM SPA       SCT TQ         -161739278.5  398222827.1
TAS TECNOLOGIA      TAS NM         -405622.1721  172796509.7
TAS TECNOLOGIA      TAQ GR         -405622.1721  172796509.7
TAS TECNOLOGIA      TAS EU         -405622.1721  172796509.7
TAS TECNOLOGIA      TAS IM         -405622.1721  172796509.7
TAS TECNOLOGIA      TAS EO         -405622.1721  172796509.7
TAS TECNOLOGIA      TAS PZ         -405622.1721  172796509.7
TAS TECNOLOGIA      TAS TQ         -405622.1721  172796509.7
TECNODIFF ITALIA    TDI NM         -89894162.82  152045757.5
TECNODIFF ITALIA    TEF GR         -89894162.82  152045757.5
TECNODIFF ITALIA    TDI IM         -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       TISAAW IM      -421259823.5  632152613.6
TISCALI - RTS       TIQA GR        -421259823.5  632152613.6
TISCALI SPA         TISGBX EO      -421259823.5  632152613.6
TISCALI SPA         TIQG IX        -421259823.5  632152613.6
TISCALI SPA         TIS TQ         -421259823.5  632152613.6
TISCALI SPA         TIS PZ         -421259823.5  632152613.6
TISCALI SPA         TISGBP EO      -421259823.5  632152613.6
TISCALI SPA         TISN IM        -421259823.5  632152613.6
TISCALI SPA         TISGBX EU      -421259823.5  632152613.6
TISCALI SPA         TSCXF US       -421259823.5  632152613.6
TISCALI SPA         TIQ1 GR        -421259823.5  632152613.6
TISCALI SPA         TIS IX         -421259823.5  632152613.6
TISCALI SPA         TIS EO         -421259823.5  632152613.6
TISCALI SPA         TIS VX         -421259823.5  632152613.6
TISCALI SPA         TIS EU         -421259823.5  632152613.6
TISCALI SPA         TIS NR         -421259823.5  632152613.6
TISCALI SPA         TISN IX        -421259823.5  632152613.6
TISCALI SPA         TIS FP         -421259823.5  632152613.6
TISCALI SPA         TIQ GR         -421259823.5  632152613.6
TISCALI SPA         TIS NA         -421259823.5  632152613.6
TISCALI SPA         TISN VX        -421259823.5  632152613.6
TISCALI SPA         TIS IM         -421259823.5  632152613.6
TISCALI SPA         TISN FP        -421259823.5  632152613.6
TISCALI SPA         TISN NA        -421259823.5  632152613.6
TISCALI SPA- RTS    3391621Q GR    -421259823.5  632152613.6
TISCALI SPA- RTS    TISAXA IM      -421259823.5  632152613.6
YORKVILLE BHN       CBXI PZ        -178432.4639  134255668.5
YORKVILLE BHN       BY TQ          -178432.4639  134255668.5
YORKVILLE BHN       BY IM          -178432.4639  134255668.5

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

BAAN CO NV-ASSEN    BAANA NA       -7854741.409  609871188.9
BAAN COMPANY NV     BAAN EU        -7854741.409  609871188.9
BAAN COMPANY NV     BAAVF US       -7854741.409  609871188.9
BAAN COMPANY NV     BAAN GR        -7854741.409  609871188.9
BAAN COMPANY NV     BAAN NA        -7854741.409  609871188.9
BAAN COMPANY NV     BAAN EO        -7854741.409  609871188.9
BAAN COMPANY NV     BAAN PZ        -7854741.409  609871188.9
BAAN COMPANY NV     BAAN IX        -7854741.409  609871188.9
BAAN COMPANY NV     BNCG IX        -7854741.409  609871188.9
BAAN COMPANY-NY     BAANF US       -7854741.409  609871188.9
JAMES HARDIE IND    HAH AU           -131100008   2130899840
JAMES HARDIE IND    HAH NZ           -131100008   2130899840
JAMES HARDIE IND    600241Q GR       -131100008   2130899840
JAMES HARDIE IND    726824Z NA       -131100008   2130899840
JAMES HARDIE NV     JHXCC AU         -131100008   2130899840
JAMES HARDIE-ADR    JHINY US         -131100008   2130899840
JAMES HARDIE-ADR    JHX US           -131100008   2130899840
JAMES HARDIE-CDI    JHIUF US         -131100008   2130899840
JAMES HARDIE-CDI    JHA GR           -131100008   2130899840
JAMES HARDIE-CDI    JHX AU           -131100008   2130899840
LIBERTY GL EU-A     UPC NA          -5505478850   5112616630
UNITED PAN -ADR     UPEA GR         -5505478850   5112616630
UNITED PAN-A ADR    UPCOY US        -5505478850   5112616630
UNITED PAN-EUR-A    UPC LN          -5505478850   5112616630
UNITED PAN-EUR-A    UPC LI          -5505478850   5112616630
UNITED PAN-EUROP    UPE GR          -5505478850   5112616630
UNITED PAN-EUROP    UPE1 GR         -5505478850   5112616630
UNITED PAN-EUROP    UPCEF US        -5505478850   5112616630
UNITED PAN-EUROP    UPC VX          -5505478850   5112616630
UNITED PAN-EUROP    UPCOF US        -5505478850   5112616630
NEXUS FLOATING P    NEXUSGBX EU      -158054000    353053024
NEXUS FLOATING P    NEXUSEUR EO      -158054000    353053024
NEXUS FLOATING P    NEXU NO          -158054000    353053024
NEXUS FLOATING P    NEXUSEUR 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    NEXUS BY         -158054000    353053024
NEXUS FLOATING P    NEXUS EU         -158054000    353053024
PETRO GEO-SERV      265143Q NO     -18066142.21  399710323.6
PETRO GEO-SERV      PGS GR         -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    PDREUR EO         -25943000    499350016
PETROLIA DRILLIN    PDR NO            -25943000    499350016
PETROLIA DRILLIN    PDR EO            -25943000    499350016
PETROLIA DRILLIN    PDR BY            -25943000    499350016
PETROLIA DRILLIN    PDR TQ            -25943000    499350016
PETROLIA DRILLIN    PDR EU            -25943000    499350016
PETROLIA DRILLIN    PDR1 IX           -25943000    499350016
PETROLIA DRILLIN    PDR PZ            -25943000    499350016
PETROLIA DRILLIN    PDREUR EU         -25943000    499350016
PETROLIA DRILLIN    P8D GR            -25943000    499350016
PETROLIA DRI-NEW    PDRN NO           -25943000    499350016
PETROLIA DRI-RTS    PDRT NO           -25943000    499350016

KROSNO              KROS IX        -2241614.766  111838141.2
KROSNO              KRS LI         -2241614.766  111838141.2
KROSNO              KRS1EUR EO     -2241614.766  111838141.2
KROSNO              KRS PW         -2241614.766  111838141.2
KROSNO              KRS1EUR EU     -2241614.766  111838141.2
KROSNO SA           KRS1 EU        -2241614.766  111838141.2
KROSNO SA           KRS PZ         -2241614.766  111838141.2
KROSNO SA           KRS1 EO        -2241614.766  111838141.2
KROSNO SA           KROSNO PW      -2241614.766  111838141.2
KROSNO SA           KRNFF US       -2241614.766  111838141.2
KROSNO SA-RTS       KRSP PW        -2241614.766  111838141.2
KROSNO-PDA-ALLT     KRSA PW        -2241614.766  111838141.2
TOORA               2916665Q EU    -288818.3897  147004954.2
TOORA               TOR PW         -288818.3897  147004954.2
TOORA               TOR PZ         -288818.3897  147004954.2
TOORA               2916661Q EO    -288818.3897  147004954.2
TOORA-ALLOT CERT    TORA PW        -288818.3897  147004954.2

BENFICA             SLBENX PX      -16614056.44  234366255.6
BENFICA             SLBE IX        -16614056.44  234366255.6
BENFICA             SLBEN EU       -16614056.44  234366255.6
BENFICA             SLBEN PL       -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 PZ         -11584933.86  107940470.6
LISGRAFICA IMPRE    LIG EO         -11584933.86  107940470.6
LISGRAFICA IMPRE    LIG PL         -11584933.86  107940470.6
LISGRAFICA IMPRE    LIAG PL        -11584933.86  107940470.6
LISGRAFICA IMPRE    LIG EU         -11584933.86  107940470.6
LISGRAFICA IMPRE    LIAG EU        -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    SCPL IX         -4083492.14  225687305.9
SPORTING-SOC DES    SCG GR          -4083492.14  225687305.9
SPORTING-SOC DES    SCDF PL         -4083492.14  225687305.9
SPORTING-SOC DES    SCP1 PZ         -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    SCP PL          -4083492.14  225687305.9
SPORTING-SOC DES    SCPX PX         -4083492.14  225687305.9
VAA VISTA ALEGRE    VAF PZ         -75871846.95  148731546.6
VAA VISTA ALEGRE    VAFX PX        -75871846.95  148731546.6
VAA VISTA ALEGRE    VAF PL         -75871846.95  148731546.6
VAA VISTA ALEGRE    VAF EO         -75871846.95  148731546.6
VAA VISTA ALEGRE    VAF EU         -75871846.95  148731546.6
VAA VISTA ALTAN     VAFK EO        -75871846.95  148731546.6
VAA VISTA ALTAN     VAFK PL        -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 EU        -75871846.95  148731546.6
OLTCHIM RM VALCE    OLT EU         -89344235.29  511515508.8
OLTCHIM RM VALCE    OLT PZ         -89344235.29  511515508.8
OLTCHIM RM VALCE    OLTCF US       -89344235.29  511515508.8
OLTCHIM RM VALCE    OLT RO         -89344235.29  511515508.8
OLTCHIM RM VALCE    OLTEUR EU      -89344235.29  511515508.8
OLTCHIM RM VALCE    OLT EO         -89344235.29  511515508.8
OLTCHIM RM VALCE    OLTEUR EO      -89344235.29  511515508.8

RAFO SA             RAF RO         -457922636.3  356796459.3
UZINELE SODICE G    UZIM RO        -62313938.86  107275526.8

AMUR SHIP-BRD       AMZS* RU        -99051792.6   1089408985
AMUR SHIP-BRD       AMZS RU         -99051792.6   1089408985
BESIKTAS FUTBOL     BJKASM TI      -10396040.97  175760356.3
BESIKTAS FUTBOL     BWX GR         -10396040.97  175760356.3
BESIKTAS FUTBOL     BKTFF US       -10396040.97  175760356.3
BESIKTAS FUTBOL     BJKAS TI       -10396040.97  175760356.3
BESIKTAS FUTBOL     BJKASY TI      -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

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

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

AZOVZAGALMASH MA    AZGM UZ        -16212049.02  277693905.5
BANK FORUM -GDR     FRMB038 RU     -5331676.798   2243068982
BANK FORUM -GDR     639540Z LX     -5331676.798   2243068982
BANK FORUM -GDR     BFJG IX        -5331676.798   2243068982
BANK FORUM -GDR     B5F GR         -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
LUGANSKGAS          LYGZ UZ        -16963558.31  110262633.1
LUGANSKOBLENERGO    LOEN UZ        -27621096.54  197769532.3
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

4LESS GROUP         LI4 GR         -3088436.068  106650689.4
4LESS GROUP         BHL PO         -3088436.068  106650689.4
4LESS GROUP         FL/ LN         -3088436.068  106650689.4
4LESS GROUP         BYH PO         -3088436.068  106650689.4
4LESS GROUP         FL/ PO         -3088436.068  106650689.4
4LESS GROUP         FLG OF         -3088436.068  106650689.4
ADVANCE DISPLAY     ADTP PZ         -3015578835   2590007904
AEA TECHNOLO-FPR    AATF LN        -215101594.9    121405070
AEA TECHNOLO-FPR    AATF PZ        -215101594.9    121405070
AEA TECHNOLOGY      AAT IX         -215101594.9    121405070
AEA TECHNOLOGY      AAT LN         -215101594.9    121405070
AEA TECHNOLOGY      EAETF US       -215101594.9    121405070
AEA TECHNOLOGY      AAT VX         -215101594.9    121405070
AEA TECHNOLOGY      AAT PZ         -215101594.9    121405070
AEA TECHNOLOGY      AAT EU         -215101594.9    121405070
AEA TECHNOLOGY      AEY GR         -215101594.9    121405070
AEA TECHNOLOGY      AAT EO         -215101594.9    121405070
AEA TECHNOLOGY      AATGBP EO      -215101594.9    121405070
AEA TECHNOLOGY      AAT PO         -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         ALDYF US         -120493900  252232072.9
ALLDAYS PLC         317056Q LN       -120493900  252232072.9
AMER BUS SYS        ARB LN           -497127008    121439000
AMEY PLC            AMY LN         -48862569.33  931527720.5
AMEY PLC            AMEYF US       -48862569.33  931527720.5
AMEY PLC            AMY VX         -48862569.33  931527720.5
AMEY PLC-ASSENT     AMYA LN        -48862569.33  931527720.5
AMEY PLC-NEW        AMYN LN        -48862569.33  931527720.5
ANKER PLC           DW14 GR        -21861359.81    115463159
ANKER PLC           ANK PO         -21861359.81    115463159
ANKER PLC           ANK LN         -21861359.81    115463159
ANKER PLC - ASSD    ANKC LN        -21861359.81    115463159
ANKER PLC - ASSD    ANKB LN        -21861359.81    115463159
ANKER PLC-ASSD      ANKA LN        -21861359.81    115463159
ATKINS (WS) PLC     ATK EO           -207093345   1339139513
ATKINS (WS) PLC     ATKGBP EO        -207093345   1339139513
ATKINS (WS) PLC     ATK LN           -207093345   1339139513
ATKINS (WS) PLC     ATK BQ           -207093345   1339139513
ATKINS (WS) PLC     ATK PO           -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     6W2 GR           -207093345   1339139513
ATKINS (WS) PLC     ATK QM           -207093345   1339139513
ATKINS (WS) PLC     ATK NR           -207093345   1339139513
ATKINS (WS) PLC     ATK NQ           -207093345   1339139513
ATKINS (WS) PLC     ATK VX           -207093345   1339139513
ATKINS (WS) PLC     ATKEUR EU        -207093345   1339139513
ATKINS (WS) PLC     ATK IX           -207093345   1339139513
ATKINS (WS) PLC     ATK EB           -207093345   1339139513
ATKINS (WS) PLC     WATKF US         -207093345   1339139513
ATKINS (WS) PLC     ATK TQ           -207093345   1339139513
BAYDONHILL PLC      BHL PZ         -3088436.068  106650689.4
BAYDONHILL PLC      BYH LN         -3088436.068  106650689.4
BAYDONHILL PLC      BHL LN         -3088436.068  106650689.4
BAYDONHILL PLC      BHL IX         -3088436.068  106650689.4
BAYDONHILL PLC      BHL EU         -3088436.068  106650689.4
BAYDONHILL PLC      BHL PG         -3088436.068  106650689.4
BAYDONHILL PLC      BHL EO         -3088436.068  106650689.4
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 LN         -10242627.53    103637705
BNB RECRUITMENT     BNB IX         -10242627.53    103637705
BNB RECRUITMENT     BQX GR         -10242627.53    103637705
BOOKER PLC          1330Q GR        -59832880.4   1298182549
BOOKER PLC          987188Q LN      -59832880.4   1298182549
BOOKER PLC          BKERF US        -59832880.4   1298182549
BOOKER PLC-ADR      BOK$ LN         -59832880.4   1298182549
BOOKER PLC-ADR      BKRUY US        -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     BHEGF US        -5822867501   4921095750
BRIT ENERGY PLC     BEN1 GR         -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         -5803590908  44998015107
BRIT TELECOM        BTE GR          -5803590908  44998015107
BRIT TELECOM PLC    BTPLF US        -5803590908  44998015107
BRIT TELECOM PLC    BT/A VX         -5803590908  44998015107
BRIT TELECOM PLC    BTPWF US        -5803590908  44998015107
BRIT TELECOM-ADR    BTEA GR         -5803590908  44998015107
BRIT TELECOM-ADR    1481Q CN        -5803590908  44998015107
BRIT TELECOM-RTS    BTY-R US        -5803590908  44998015107
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    BGYC AR         -5822867501   4921095750
BRITISH ENER-C/E    BGYNYC 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    BGYA PO         -5822867501   4921095750
BRITISH ENERGY-A    BGYA VX         -5822867501   4921095750
BRITISH ENERGY-A    3012442Q LN     -5822867501   4921095750
BRITISH ENERGY-A    BGYGF US        -5822867501   4921095750
BRITISH TELE-FP     BT/F LN         -5803590908  44998015107
BRITISH TELE-NP     BT/N LN         -5803590908  44998015107
BRITISH TELE-NP     BTPXF US        -5803590908  44998015107
BRITVIC             B6S GR         -3988699.913   1361742201
BRITVIC PLC         BVIC LN        -3988699.913   1361742201
BRITVIC PLC         BVIC EU        -3988699.913   1361742201
BRITVIC PLC         BVIC QM        -3988699.913   1361742201
BRITVIC PLC         BVIC TQ        -3988699.913   1361742201
BRITVIC PLC         BVICEUR EO     -3988699.913   1361742201
BRITVIC PLC         BVIC PZ        -3988699.913   1361742201
BRITVIC PLC         BVIC IX        -3988699.913   1361742201
BRITVIC PLC         BVIC EB        -3988699.913   1361742201
BRITVIC PLC         BVICGBP EO     -3988699.913   1361742201
BRITVIC PLC         BVICUSD EU     -3988699.913   1361742201
BRITVIC PLC         BVIC NR        -3988699.913   1361742201
BRITVIC PLC         BTVCF US       -3988699.913   1361742201
BRITVIC PLC         BVICEUR EU     -3988699.913   1361742201
BRITVIC PLC         BVIC BQ        -3988699.913   1361742201
BRITVIC PLC         BVIC NQ        -3988699.913   1361742201
BRITVIC PLC         BVIC EO        -3988699.913   1361742201
BRITVIC PLC         BVIC VX        -3988699.913   1361742201
BRITVIC PLC         BVICUSD EO     -3988699.913   1361742201
BT GROUP PLC        BT/AGBP EO      -5803590908  44998015107
BT GROUP PLC        BT/A TQ         -5803590908  44998015107
BT GROUP PLC        BT/AEUR EU      -5803590908  44998015107
BT GROUP PLC        BT/AUSD EU      -5803590908  44998015107
BT GROUP PLC        BT/ VX          -5803590908  44998015107
BT GROUP PLC        BTGOF US        -5803590908  44998015107
BT GROUP PLC        BT/APEN EO      -5803590908  44998015107
BT GROUP PLC        BT/A PO         -5803590908  44998015107
BT GROUP PLC        BT/A EO         -5803590908  44998015107
BT GROUP PLC        BTQ GR          -5803590908  44998015107
BT GROUP PLC        BT/A EB         -5803590908  44998015107
BT GROUP PLC        BT/APEN EU      -5803590908  44998015107
BT GROUP PLC        BT/A NQ         -5803590908  44998015107
BT GROUP PLC        BT/A NR         -5803590908  44998015107
BT GROUP PLC        BTEG IX         -5803590908  44998015107
BT GROUP PLC        BT/AUSD EO      -5803590908  44998015107
BT GROUP PLC        BT IX           -5803590908  44998015107
BT GROUP PLC        BT/A LN         -5803590908  44998015107
BT GROUP PLC        BT/AEUR EO      -5803590908  44998015107
BT GROUP PLC        BT/A QM         -5803590908  44998015107
BT GROUP PLC        BT PZ           -5803590908  44998015107
BT GROUP PLC        BT/A BQ         -5803590908  44998015107
BT GROUP PLC        BT/A EU         -5803590908  44998015107
BT GROUP PLC-ADR    BT/$ LN         -5803590908  44998015107
BT GROUP PLC-W/I    BTWI LN         -5803590908  44998015107
BT GROUP-ADR        BTQA GR         -5803590908  44998015107
BT GROUP-ADR WI     BTY-W US        -5803590908  44998015107
BT GROUP-CED $US    BTYD AR         -5803590908  44998015107
BT GROUP-CED $US    BTD AR          -5803590908  44998015107
BT GROUP-CED BLK    BTB AR          -5803590908  44998015107
BT GROUP-CED BLK    BTYB AR         -5803590908  44998015107
BT GROUP-CED C/E    BTYC AR         -5803590908  44998015107
BT GROUP-CED C/E    BTC AR          -5803590908  44998015107
BT GROUP-CEDEAR     BT AR           -5803590908  44998015107
BT GROUP-CEDEAR     BTY AR          -5803590908  44998015107
BT GROUP-SPON AD    BT US           -5803590908  44998015107
BT GROUP-SPON AD    BTY US          -5803590908  44998015107
BT GROUP-SPON AD    BT MM           -5803590908  44998015107
BT GROUP-SPON AD    BTYN MM         -5803590908  44998015107
CARLISLE GROUP      506819Q LN     -11904426.45    203548565
CHRYSALIS GROUP     5CY GR         -7422046.098  110320050.3
CHRYSALIS GROUP     CHSEUR EO      -7422046.098  110320050.3
CHRYSALIS GROUP     CHS VX         -7422046.098  110320050.3
CHRYSALIS GROUP     CHSUSD EU      -7422046.098  110320050.3
CHRYSALIS GROUP     CYGUF US       -7422046.098  110320050.3
CHRYSALIS GROUP     CHS EO         -7422046.098  110320050.3
CHRYSALIS GROUP     HR4 GR         -7422046.098  110320050.3
CHRYSALIS GROUP     CHS PO         -7422046.098  110320050.3
CHRYSALIS GROUP     CLYSF US       -7422046.098  110320050.3
CHRYSALIS GROUP     CHS PZ         -7422046.098  110320050.3
CHRYSALIS GROUP     CHS LN         -7422046.098  110320050.3
CHRYSALIS GROUP     CHSGBP EO      -7422046.098  110320050.3
CHRYSALIS GROUP     CHSEUR EU      -7422046.098  110320050.3
CHRYSALIS GROUP     CHS IX         -7422046.098  110320050.3
CHRYSALIS GROUP     CHSUSD EO      -7422046.098  110320050.3
CHRYSALIS GROUP     CHS EU         -7422046.098  110320050.3
CLIPPER WINDPOWE    CWP IX           -218336000    776211968
CLIPPER WINDPOWE    CWP LN           -218336000    776211968
CLIPPER WINDPOWE    CWPA LN          -218336000    776211968
CLIPPER WINDPOWE    CWP PZ           -218336000    776211968
CLIPPER WINDPOWE    CWP EU           -218336000    776211968
CLIPPER WINDPOWE    3470635Q LN      -218336000    776211968
CLIPPER WINDPOWE    CRPWF US         -218336000    776211968
CLIPPER WINDPOWE    CWP PG           -218336000    776211968
CLIPPER WINDPOWE    C2W GR           -218336000    776211968
CLIPPER WINDPOWE    CWP EO           -218336000    776211968
COMPASS GROU-OLD    1259Q LN       -668101173.9   2972459078
COMPASS GROUP       QOP GR         -668101173.9   2972459078
COMPASS GRP-ADR     CMSJY US       -668101173.9   2972459078
COMPASS GRP-ADR     CMSGY US       -668101173.9   2972459078
COSTAIN GROUP       COST IX        -19097658.92  649978943.3
COSTAIN GROUP       COSTGBP EO     -19097658.92  649978943.3
COSTAIN GROUP       COSTUSD EO     -19097658.92  649978943.3
COSTAIN GROUP       COST VX        -19097658.92  649978943.3
COSTAIN GROUP       COSTEUR EO     -19097658.92  649978943.3
COSTAIN GROUP       COSTEUR EU     -19097658.92  649978943.3
COSTAIN GROUP       COSTUSD EU     -19097658.92  649978943.3
COSTAIN GROUP       COST EU        -19097658.92  649978943.3
COSTAIN GROUP       COST PZ        -19097658.92  649978943.3
COSTAIN GROUP       COST PO        -19097658.92  649978943.3
COSTAIN GROUP       CSGFF US       -19097658.92  649978943.3
COSTAIN GROUP       COST LN        -19097658.92  649978943.3
COSTAIN GROUP       COST 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      DMGOGBP EO     -139060248.4   3723159411
DAILY MAIL TST      DMGO PO        -139060248.4   3723159411
DAILY MAIL TST      DMGO EO        -139060248.4   3723159411
DAILY MAIL TST      DMGO VX        -139060248.4   3723159411
DAILY MAIL TST      DGW GR         -139060248.4   3723159411
DAILY MAIL TST      DMGO IX        -139060248.4   3723159411
DAILY MAIL TST      DMGO EU        -139060248.4   3723159411
DAILY MAIL TST      DMGO PZ        -139060248.4   3723159411
DAILY MAIL TST      DMTOF US       -139060248.4   3723159411
DAILY MAIL TST      DMGO LN        -139060248.4   3723159411
DAILY MAIL TST A    DMGTEUR EO     -139060248.4   3723159411
DAILY MAIL TST A    DMGT EB        -139060248.4   3723159411
DAILY MAIL TST A    DMGT QM        -139060248.4   3723159411
DAILY MAIL TST A    DMGTGBP EO     -139060248.4   3723159411
DAILY MAIL TST A    DMGT PO        -139060248.4   3723159411
DAILY MAIL TST A    DMGT NR        -139060248.4   3723159411
DAILY MAIL TST A    DMGT VX        -139060248.4   3723159411
DAILY MAIL TST A    DMGT EU        -139060248.4   3723159411
DAILY MAIL TST A    DGW1 GR        -139060248.4   3723159411
DAILY MAIL TST A    DMGT BQ        -139060248.4   3723159411
DAILY MAIL TST A    DMGTEUR EU     -139060248.4   3723159411
DAILY MAIL TST A    DMGT PZ        -139060248.4   3723159411
DAILY MAIL TST A    DMGT LN        -139060248.4   3723159411
DAILY MAIL TST A    DMGTUSD EO     -139060248.4   3723159411
DAILY MAIL TST A    DMGT NQ        -139060248.4   3723159411
DAILY MAIL TST A    DMGT IX        -139060248.4   3723159411
DAILY MAIL TST A    DMGT EO        -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    DMGTUSD EU     -139060248.4   3723159411
DANKA BUS SYSTEM    DNK LN           -497127008    121439000
DANKA BUS SYSTEM    DNK VX           -497127008    121439000
DANKA BUS SYSTEM    DANKF US         -497127008    121439000
DANKA BUS SYSTEM    DNK PO           -497127008    121439000
DANKA BUS SYSTEM    3205283Q EO      -497127008    121439000
DANKA BUS SYSTEM    DNK IX           -497127008    121439000
DANKA BUS SYSTEM    3205287Q EU      -497127008    121439000
DANKA BUS SYSTEM    DNK PZ           -497127008    121439000
DANKA BUS SYSTEM    3205291Q EO      -497127008    121439000
DANKA BUS-$US CE    DANKD AR         -497127008    121439000
DANKA BUS-ADR       AP39 LI          -497127008    121439000
DANKA BUS-ADR       DANKY US         -497127008    121439000
DANKA BUS-ADR       DANKE US         -497127008    121439000
DANKA BUS-ADR       DB6 GR           -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 PO        -49140782.93  785933430.9
DE LA RUE PLC       DL1C GR        -49140782.93  785933430.9
DE LA RUE PLC       DLAR PZ        -49140782.93  785933430.9
DE LA RUE PLC       DLAR NQ        -49140782.93  785933430.9
DE LA RUE PLC       DLAR EB        -49140782.93  785933430.9
DE LA RUE PLC       DLAR QM        -49140782.93  785933430.9
DE LA RUE PLC       DLAR LN        -49140782.93  785933430.9
DE LA RUE PLC       DLAREUR EU     -49140782.93  785933430.9
DE LA RUE PLC       DLAR TQ        -49140782.93  785933430.9
DE LA RUE PLC       DLAR VX        -49140782.93  785933430.9
DE LA RUE PLC       DLARCHF EO     -49140782.93  785933430.9
DE LA RUE PLC       DLARUSD EU     -49140782.93  785933430.9
DE LA RUE PLC       DLAR BQ        -49140782.93  785933430.9
DE LA RUE PLC       DL1 GR         -49140782.93  785933430.9
DE LA RUE PLC       DELRF US       -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       DL1B GR        -49140782.93  785933430.9
DE LA RUE PLC       DLARGBP EO     -49140782.93  785933430.9
DE LA RUE PLC       DLAR EO        -49140782.93  785933430.9
DE LA RUE PLC       DLARUSD EO     -49140782.93  785933430.9
DE LA RUE PLC       DLAR EU        -49140782.93  785933430.9
DE LA RUE PLC       DLAREUR EO     -49140782.93  785933430.9
DE LA RUE PLC       DLARCHF EU     -49140782.93  785933430.9
DE LA RUE PLC       DLAR IX        -49140782.93  785933430.9
DE LA RUE PLC       DL1A GR        -49140782.93  785933430.9
DE LA RUE PLC       DLARF 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 PZ        -49140782.93  785933430.9
DE LA RUE-PREF      DLAP LN        -49140782.93  785933430.9
EASYNET GROUP       EAY GR         -60380609.34  334049332.2
EASYNET GROUP       ESY LN         -60380609.34  334049332.2
EASYNET GROUP       EZNGF US       -60380609.34  334049332.2
EASYNET GROUP       ESY VX         -60380609.34  334049332.2
EASYNET GROUP       ESY PO         -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       EMI VX          -2265916257   2950021937
EMI GROUP PLC       EMI PO          -2265916257   2950021937
EMI GROUP PLC       EMI IX          -2265916257   2950021937
EMI GROUP PLC       3020138Q GR     -2265916257   2950021937
EMI GROUP PLC       EMIPF US        -2265916257   2950021937
EMI GROUP PLC-B     1019425Q LN     -2265916257   2950021937
EMI GROUP-ADR       38IS LN         -2265916257   2950021937
EMI GROUP-ADR       EMIPY US        -2265916257   2950021937
EMI GROUP-ADR       EMI$ LN         -2265916257   2950021937
EUROPEAN HOME       KLZ VX         -14328735.16  110864081.4
EUROPEAN HOME       EHRGBP EO      -14328735.16  110864081.4
EUROPEAN HOME       EHREUR EU      -14328735.16  110864081.4
EUROPEAN HOME       EHREUR EO      -14328735.16  110864081.4
EUROPEAN HOME       EHR LN         -14328735.16  110864081.4
EUROPEAN HOME       FPAKF US       -14328735.16  110864081.4
EUROPEAN HOME       EHR PO         -14328735.16  110864081.4
EUROPEAN HOME       EHR VX         -14328735.16  110864081.4
EUROPEAN HOME       EHR EO         -14328735.16  110864081.4
EUROPEAN HOME       EHR PZ         -14328735.16  110864081.4
EUROPEAN HOME       EHR EU         -14328735.16  110864081.4
EUROPEAN HOME       KLZ PO         -14328735.16  110864081.4
EUROPEAN MINERAL    EPM CN           -123563000    104843000
EUROPEAN MINERAL    EPMLF US         -123563000    104843000
EUROPEAN MINERAL    EPM/U CN         -123563000    104843000
EUROPEAN MINERAL    EUM LN           -123563000    104843000
EUROPEAN MINERAL    EUM PO           -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        MFI IX         -116415877.1  612420067.1
GALIFORM PLC        GFRM EB        -116415877.1  612420067.1
GALIFORM PLC        GFRM QM        -116415877.1  612420067.1
GALIFORM PLC        GFRM LN        -116415877.1  612420067.1
GALIFORM PLC        GFRM BQ        -116415877.1  612420067.1
GALIFORM PLC        MFI PO         -116415877.1  612420067.1
GALIFORM PLC        GFRMNOK EO     -116415877.1  612420067.1
GALIFORM PLC        GFRM IX        -116415877.1  612420067.1
GALIFORM PLC        GLFMF US       -116415877.1  612420067.1
GALIFORM PLC        GFRMNOK EU     -116415877.1  612420067.1
GALIFORM PLC        GFRMEUR EU     -116415877.1  612420067.1
GALIFORM PLC        GFRMGBP EO     -116415877.1  612420067.1
GALIFORM PLC        GFRM EU        -116415877.1  612420067.1
GALIFORM PLC        MFI VX         -116415877.1  612420067.1
GALIFORM PLC        GFRM PZ        -116415877.1  612420067.1
GALIFORM PLC        GFRM NQ        -116415877.1  612420067.1
GALIFORM PLC        GFRM PO        -116415877.1  612420067.1
GALIFORM PLC        MFIFF US       -116415877.1  612420067.1
GALIFORM PLC        GFRM NR        -116415877.1  612420067.1
GALIFORM PLC        GFRMEUR EO     -116415877.1  612420067.1
GALIFORM PLC        GFRM EO        -116415877.1  612420067.1
GALIFORM PLC        GFRM TQ        -116415877.1  612420067.1
GALIFORM PLC        GFRM VX        -116415877.1  612420067.1
GARTLAND WHALLEY    GWB LN         -10986769.42  145352034.5
GARTMORE GROUP      GRT3 EU        -197233258.3  975283243.9
GARTMORE GROUP      GRT3USD EU     -197233258.3  975283243.9
GARTMORE GROUP      GRT3 EO        -197233258.3  975283243.9
GARTMORE GROUP      GRT3USD EO     -197233258.3  975283243.9
GARTMORE GROUP      GRT3GBP EO     -197233258.3  975283243.9
GARTMORE GROUP      GRT LN         -197233258.3  975283243.9
GARTMORE GROUP      G8T GR         -197233258.3  975283243.9
GO-AHEAD GROUP      GOG LN         -15712050.26   1619995130
GO-AHEAD GROUP      GOG NQ         -15712050.26   1619995130
GO-AHEAD GROUP      GOG IX         -15712050.26   1619995130
GO-AHEAD GROUP      GOG QM         -15712050.26   1619995130
GO-AHEAD GROUP      GOGEUR EU      -15712050.26   1619995130
GO-AHEAD GROUP      G9X GR         -15712050.26   1619995130
GO-AHEAD GROUP      GOGGBP EO      -15712050.26   1619995130
GO-AHEAD GROUP      GOG TQ         -15712050.26   1619995130
GO-AHEAD GROUP      GOG PO         -15712050.26   1619995130
GO-AHEAD GROUP      GOG NR         -15712050.26   1619995130
GO-AHEAD GROUP      GOGEUR EO      -15712050.26   1619995130
GO-AHEAD GROUP      GHGUF US       -15712050.26   1619995130
GO-AHEAD GROUP      GOG EU         -15712050.26   1619995130
GO-AHEAD GROUP      GOG VX         -15712050.26   1619995130
GO-AHEAD GROUP      GOG BQ         -15712050.26   1619995130
GO-AHEAD GROUP      GOG EO         -15712050.26   1619995130
GO-AHEAD GROUP      GOG PZ         -15712050.26   1619995130
GO-AHEAD GROUP      GOG EB         -15712050.26   1619995130
GREEN (E) & PART    GEP LN         -27530263.14    313453511
HAWTIN PLC          HTI VX         -3873861.331  110875080.8
HAWTIN PLC          HTI IX         -3873861.331  110875080.8
HAWTIN PLC          HTI PO         -3873861.331  110875080.8
HAWTIN PLC          HTI EU         -3873861.331  110875080.8
HAWTIN PLC          HTI EO         -3873861.331  110875080.8
HAWTIN PLC          HTI PZ         -3873861.331  110875080.8
HAWTIN PLC          HWN GR         -3873861.331  110875080.8
HAWTIN PLC          HTI PG         -3873861.331  110875080.8
HAWTIN PLC          HTI LN         -3873861.331  110875080.8
HILTON G-CRT OLD    HIGT BB        -97533918.57   1748505414
HILTON GROUP PLC    HG PO          -97533918.57   1748505414
HILTON GROUP PLC    HG/ LN         -97533918.57   1748505414
HILTON GROUP PLC    HLTGF US       -97533918.57   1748505414
HILTON GROUP-ADR    HLTGY US       -97533918.57   1748505414
HILTON GROUP-CER    HG BB          -97533918.57   1748505414
HILTON GROUP-CRT    HIG BB         -97533918.57   1748505414
HOGG ROBINSON GR    HRGGBP EO         -11371715  739481804.8
HOGG ROBINSON GR    HRG VX            -11371715  739481804.8
HOGG ROBINSON GR    HRGEUR EU         -11371715  739481804.8
HOGG ROBINSON GR    HRG EU            -11371715  739481804.8
HOGG ROBINSON GR    HOGGF US          -11371715  739481804.8
HOGG ROBINSON GR    HRGEUR EO         -11371715  739481804.8
HOGG ROBINSON GR    DQX GR            -11371715  739481804.8
HOGG ROBINSON GR    HRG PZ            -11371715  739481804.8
HOGG ROBINSON GR    HRG IX            -11371715  739481804.8
HOGG ROBINSON GR    HRG EO            -11371715  739481804.8
HOGG ROBINSON GR    HRG LN            -11371715  739481804.8
JARVIS PLC          JRVS IX        -64739862.73    130951086
JARVIS PLC          JRVS VX        -64739862.73    130951086
JARVIS PLC          JRVS PO        -64739862.73    130951086
JARVIS PLC          JRVSGBP EO     -64739862.73    130951086
JARVIS PLC          JRVS EU        -64739862.73    130951086
JARVIS PLC          JVR GR         -64739862.73    130951086
JARVIS PLC          JRVS PZ        -64739862.73    130951086
JARVIS PLC          JRVS LN        -64739862.73    130951086
JARVIS PLC          JRVS EO        -64739862.73    130951086
JARVIS PLC          JRVSEUR EU     -64739862.73    130951086
JARVIS PLC          JVSPF US       -64739862.73    130951086
JARVIS PLC          JRVSEUR EO     -64739862.73    130951086
JESSOPS PLC         JSPEUR EO       -42702021.2  112964060.4
JESSOPS PLC         JSPGBP EO       -42702021.2  112964060.4
JESSOPS PLC         JSP LN          -42702021.2  112964060.4
JESSOPS PLC         JS4 GR          -42702021.2  112964060.4
JESSOPS PLC         JSP EU          -42702021.2  112964060.4
JESSOPS PLC         JSP EO          -42702021.2  112964060.4
JESSOPS PLC         JSP PZ          -42702021.2  112964060.4
JESSOPS PLC         JSP VX          -42702021.2  112964060.4
JESSOPS PLC         JSP PO          -42702021.2  112964060.4
JESSOPS PLC         JSP IX          -42702021.2  112964060.4
JESSOPS PLC         JSPEUR EU       -42702021.2  112964060.4
KAZAKHSTAN MNRLS    KMCOF US         -123563000    104843000
KAZAKHSTAN MNRLS    KMCO/U CN        -123563000    104843000
KAZAKHSTAN MNRLS    KMC/U CN         -123563000    104843000
KAZAKHSTAN MNRLS    KMCO CN          -123563000    104843000
KLEENEZE PLC        KLZ LN         -14328735.16  110864081.4
LADBROKE GROUP      LADB LN        -97533918.57   1748505414
LADBROKE GRP-IDR    695767Q BB     -97533918.57   1748505414
LADBROKE GRP-OLD    LADB BB        -97533918.57   1748505414
LADBROKES - FPR     LADF PZ        -97533918.57   1748505414
LADBROKES - FPR     LADF LN        -97533918.57   1748505414
LADBROKES PLC       LADGBP EO      -97533918.57   1748505414
LADBROKES PLC       LAD NQ         -97533918.57   1748505414
LADBROKES PLC       LAD BQ         -97533918.57   1748505414
LADBROKES PLC       LAD PZ         -97533918.57   1748505414
LADBROKES PLC       LAD EB         -97533918.57   1748505414
LADBROKES PLC       LAD EU         -97533918.57   1748505414
LADBROKES PLC       HG/ VX         -97533918.57   1748505414
LADBROKES PLC       LAD PO         -97533918.57   1748505414
LADBROKES PLC       LDBKF US       -97533918.57   1748505414
LADBROKES PLC       LAD NR         -97533918.57   1748505414
LADBROKES PLC       LAD QM         -97533918.57   1748505414
LADBROKES PLC       LAD LN         -97533918.57   1748505414
LADBROKES PLC       LADEUR EU      -97533918.57   1748505414
LADBROKES PLC       LADNZD EO      -97533918.57   1748505414
LADBROKES PLC       LAD VX         -97533918.57   1748505414
LADBROKES PLC       LADUSD EO      -97533918.57   1748505414
LADBROKES PLC       LAD GR         -97533918.57   1748505414
LADBROKES PLC       LAD TQ         -97533918.57   1748505414
LADBROKES PLC       LAD IX         -97533918.57   1748505414
LADBROKES PLC       LADEUR EO      -97533918.57   1748505414
LADBROKES PLC       LAD EO         -97533918.57   1748505414
LADBROKES PLC       LADNZD EU      -97533918.57   1748505414
LADBROKES PLC-AD    LDBKY US       -97533918.57   1748505414
LADBROKES PLC-AD    LDBKY LN       -97533918.57   1748505414
LADBROKES PLC-CE    LAD BB         -97533918.57   1748505414
LADBROKES PLC-NP    LADN LN        -97533918.57   1748505414
LADBROKES PLC-NP    LADN PZ        -97533918.57   1748505414
LAMBERT FENCHURC    LMF LN         -1453050.041   1826806853
LEEDS SPORTING      LEDPF US        -73166148.8  143762193.7
LEEDS SPORTING      LES LN          -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     LOU GR         -21897636.36  175672299.2
LONDON TOWN PLC     LTW LN         -21897636.36  175672299.2
LONDON TOWN PLC     LTW EO         -21897636.36  175672299.2
LONDON TOWN PLC     LTW EU         -21897636.36  175672299.2
LONDON TOWN PLC     LTW IX         -21897636.36  175672299.2
LONDON TOWN PLC     LTW PO         -21897636.36  175672299.2
LONDON TOWN PLC     LTWX LN        -21897636.36  175672299.2
LONDON TOWN PLC     LTW PZ         -21897636.36  175672299.2
LONDON TOWN PLC     LTW PG         -21897636.36  175672299.2
LONDON TOWN PLC     LTWR LN        -21897636.36  175672299.2
M 2003 PLC          203055Q LN      -2203513803   7204891602
M 2003 PLC          MTWOF US        -2203513803   7204891602
M 2003 PLC-ADR      MTWOY US        -2203513803   7204891602
M 2003 PLC-ADR      MTWOE US        -2203513803   7204891602
MARCONI PLC         MNI LN          -2203513803   7204891602
MARCONI PLC         MRCQF US        -2203513803   7204891602
MARCONI PLC         MNI BB          -2203513803   7204891602
MARCONI PLC         MY2 GR          -2203513803   7204891602
MARCONI PLC         MONI BB         -2203513803   7204891602
MARCONI PLC         203083Q VX      -2203513803   7204891602
MARCONI PLC-ADR     MONI US         -2203513803   7204891602
MARCONI PLC-ADR     MCBA GR         -2203513803   7204891602
MARCONI PLC-ADR     QUQMON AU       -2203513803   7204891602
MARCONI PLC-ADR     MY2A GR         -2203513803   7204891602
MARCONI PLC-ADR     MRCQY US        -2203513803   7204891602
MARCONI PLC-ADR     MCONY US        -2203513803   7204891602
MARCONI PLC-ADR     MONIY US        -2203513803   7204891602
MARCONI PLC-ADR     MONIE US        -2203513803   7204891602
MFI FURNITURE GR    MFI LN         -116415877.1  612420067.1
MINERVA PLC         MNR VX         -76016914.25   1319730523
MINERVA PLC         MNR EO         -76016914.25   1319730523
MINERVA PLC         MNR IX         -76016914.25   1319730523
MINERVA PLC         MNR TQ         -76016914.25   1319730523
MINERVA PLC         MNR EU         -76016914.25   1319730523
MINERVA PLC         MNR PO         -76016914.25   1319730523
MINERVA PLC         MNRGBP EO      -76016914.25   1319730523
MINERVA PLC         MNREUR EU      -76016914.25   1319730523
MINERVA PLC         M7E GR         -76016914.25   1319730523
MINERVA PLC         MNVAF US       -76016914.25   1319730523
MINERVA PLC         MNR PZ         -76016914.25   1319730523
MINERVA PLC         MNR NR         -76016914.25   1319730523
MINERVA PLC         MNREUR EO      -76016914.25   1319730523
MINERVA PLC         MNR LN         -76016914.25   1319730523
MINERVA PLC         MNRA LN        -76016914.25   1319730523
MINERVA PLC-NP      MNRN LN        -76016914.25   1319730523
MYTRAVEL GROUP      MT/S VX        -379721841.6   1817512774
MYTRAVEL GROUP      MT IX          -379721841.6   1817512774
MYTRAVEL GROUP      MT/S PO        -379721841.6   1817512774
MYTRAVEL GROUP      MT/S LN        -379721841.6   1817512774
MYTRAVEL GROUP      ARO2 GR        -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    2281919Q GR    -379721841.6   1817512774
MYTRAVEL GROUP-A    MYTVF US       -379721841.6   1817512774
NEW STAR ASSET      NSAM IX          -397718038  292972732.1
NEW STAR ASSET      NWSAF US         -397718038  292972732.1
NEW STAR ASSET      3226435Q EO      -397718038  292972732.1
NEW STAR ASSET      NSAA LN          -397718038  292972732.1
NEW STAR ASSET      3226447Q EO      -397718038  292972732.1
NEW STAR ASSET      3226443Q EO      -397718038  292972732.1
NEW STAR ASSET      N6S GR           -397718038  292972732.1
NEW STAR ASSET      3226431Q EU      -397718038  292972732.1
NEW STAR ASSET      NSAM PZ          -397718038  292972732.1
NEW STAR ASSET      NSAM PO          -397718038  292972732.1
NEW STAR ASSET      NSAM TQ          -397718038  292972732.1
NEW STAR ASSET      3226439Q EU      -397718038  292972732.1
NEW STAR ASSET      NSAM LN          -397718038  292972732.1
ORANGE PLC          1460Q GR         -593935051   2902299502
ORANGE PLC          951641Q LN       -593935051   2902299502
ORANGE PLC          ORNGF US         -593935051   2902299502
ORANGE PLC-ADR      ORNGY US         -593935051   2902299502
ORANGE PLC-ADR      ONG GR           -593935051   2902299502
ORANGE PLC-ADR      ORA$ LN          -593935051   2902299502
ORBIS PLC           OBS PZ         -4168498.479  127701679.5
ORBIS PLC           OBS LN         -4168498.479  127701679.5
ORBIS PLC           OBG PO         -4168498.479  127701679.5
ORBIS PLC           OBS IX         -4168498.479  127701679.5
ORBIS PLC           RLP GR         -4168498.479  127701679.5
ORBIS PLC           ORBSF US       -4168498.479  127701679.5
ORBIS PLC           OBS PO         -4168498.479  127701679.5
ORSU METALS CORP    E4M GR           -123563000    104843000
ORSU METALS CORP    OSUGBX EO        -123563000    104843000
ORSU METALS CORP    OSU LN           -123563000    104843000
ORSU METALS CORP    ORSUF US         -123563000    104843000
ORSU METALS CORP    E4M1 GR          -123563000    104843000
ORSU METALS CORP    EUM IX           -123563000    104843000
ORSU METALS CORP    ORSM007* RU      -123563000    104843000
ORSU METALS CORP    OSU CN           -123563000    104843000
ORSU METALS CORP    EPMCF US         -123563000    104843000
ORSU METALS CORP    OSU PZ           -123563000    104843000
ORSU METALS CORP    OSU PG           -123563000    104843000
ORSU METALS CORP    OSUMF US         -123563000    104843000
ORSU METALS CORP    ORSM007 RU       -123563000    104843000
PARK FOOD GROUP     PKFD LN        -52867263.19  185089877.3
PARK GROUP PLC      PKG VX         -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      PRKG IX        -52867263.19  185089877.3
PARK GROUP PLC      PKG EO         -52867263.19  185089877.3
PARK GROUP PLC      PKGGBP EO      -52867263.19  185089877.3
PARK GROUP PLC      PRKGF US       -52867263.19  185089877.3
PARK GROUP PLC      PKG PO         -52867263.19  185089877.3
PARK GROUP PLC      PKG LN         -52867263.19  185089877.3
PATIENTLINE PLC     PTL PO         -54677284.64  124948245.8
PATIENTLINE PLC     PTL IX         -54677284.64  124948245.8
PATIENTLINE PLC     2928907Q EO    -54677284.64  124948245.8
PATIENTLINE PLC     2928903Q EU    -54677284.64  124948245.8
PATIENTLINE PLC     2928899Q EO    -54677284.64  124948245.8
PATIENTLINE PLC     PTL PZ         -54677284.64  124948245.8
PATIENTLINE PLC     PTL VX         -54677284.64  124948245.8
PATIENTLINE PLC     PTL LN         -54677284.64  124948245.8
PREMIER FARN-ADR    2246804Q US    -53758146.86  722693619.5
PREMIER FARN-ADR    PIFLY US       -53758146.86  722693619.5
PREMIER FARN-ADR    PFLZ LN        -53758146.86  722693619.5
PREMIER FARNELL     PFL EU         -53758146.86  722693619.5
PREMIER FARNELL     PFL IX         -53758146.86  722693619.5
PREMIER FARNELL     PFLUSD EO      -53758146.86  722693619.5
PREMIER FARNELL     PFLGBP EO      -53758146.86  722693619.5
PREMIER FARNELL     PFL PO         -53758146.86  722693619.5
PREMIER FARNELL     PFL EO         -53758146.86  722693619.5
PREMIER FARNELL     PFL PZ         -53758146.86  722693619.5
PREMIER FARNELL     PIFLF US       -53758146.86  722693619.5
PREMIER FARNELL     PFLUSD EU      -53758146.86  722693619.5
PREMIER FARNELL     PML GR         -53758146.86  722693619.5
PREMIER FARNELL     PFLEUR EO      -53758146.86  722693619.5
PREMIER FARNELL     PFL LN         -53758146.86  722693619.5
PREMIER FARNELL     PFL BQ         -53758146.86  722693619.5
PREMIER FARNELL     PFLSEK EO      -53758146.86  722693619.5
PREMIER FARNELL     PFL QM         -53758146.86  722693619.5
PREMIER FARNELL     PFL NR         -53758146.86  722693619.5
PREMIER FARNELL     PFL NQ         -53758146.86  722693619.5
PREMIER FARNELL     PFLEUR EU      -53758146.86  722693619.5
PREMIER FARNELL     PFL TQ         -53758146.86  722693619.5
PREMIER FARNELL     PFL VX         -53758146.86  722693619.5
PREMIER FARNELL     PFL EB         -53758146.86  722693619.5
PREMIER FARNELL     PFLSEK EU      -53758146.86  722693619.5
PROSTRAKAN GROUP    PSK PZ         -1646349.907  143067806.9
PROSTRAKAN GROUP    PSK EO         -1646349.907  143067806.9
PROSTRAKAN GROUP    PSK VX         -1646349.907  143067806.9
PROSTRAKAN GROUP    PSK EU         -1646349.907  143067806.9
PROSTRAKAN GROUP    PSKGBP EO      -1646349.907  143067806.9
PROSTRAKAN GROUP    PSK IX         -1646349.907  143067806.9
PROSTRAKAN GROUP    PSKEUR EU      -1646349.907  143067806.9
PROSTRAKAN GROUP    PKNGF US       -1646349.907  143067806.9
PROSTRAKAN GROUP    PSK PO         -1646349.907  143067806.9
PROSTRAKAN GROUP    PSK LN         -1646349.907  143067806.9
PROSTRAKAN GROUP    PSKEUR EO      -1646349.907  143067806.9
REAL ESTATE OP-O    REO LN         -145048365.8   2933767507
REAL ESTATE OP-O    REOGBP EO      -145048365.8   2933767507
REAL ESTATE OP-O    REO IX         -145048365.8   2933767507
REAL ESTATE OP-O    REO PZ         -145048365.8   2933767507
REAL ESTATE OP-O    REO EU         -145048365.8   2933767507
REAL ESTATE OP-O    REO VX         -145048365.8   2933767507
REAL ESTATE OP-O    REO EO         -145048365.8   2933767507
REAL ESTATE OP-O    REA GR         -145048365.8   2933767507
REAL ESTATE OP-O    REO ID         -145048365.8   2933767507
REGUS LTD           273187Q LN     -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           RGU GR         -46111835.37    367181111
REGUS PLC-ADS       REGSV US       -46111835.37    367181111
REGUS PLC-ADS       REGS US        -46111835.37    367181111
REGUS PLC-ADS       REGSY US       -46111835.37    367181111
REGUS PLC-ADS       RGUA GR        -46111835.37    367181111
RENTOKIL INITIAL    RTO TQ         -242381476.4   3231214649
RENTOKIL INITIAL    RTO LN         -242381476.4   3231214649
RENTOKIL INITIAL    RTO IX         -242381476.4   3231214649
RENTOKIL INITIAL    RTOKF US       -242381476.4   3231214649
RENTOKIL INITIAL    RTO EU         -242381476.4   3231214649
RENTOKIL INITIAL    RTO EO         -242381476.4   3231214649
RENTOKIL INITIAL    RTOGBP EO      -242381476.4   3231214649
RENTOKIL INITIAL    RTO PO         -242381476.4   3231214649
RENTOKIL INITIAL    RTO GR         -242381476.4   3231214649
RENTOKIL INITIAL    RTO NR         -242381476.4   3231214649
RENTOKIL INITIAL    RTO PZ         -242381476.4   3231214649
RENTOKIL INITIAL    RTOEUR EU      -242381476.4   3231214649
RENTOKIL INITIAL    RTO EB         -242381476.4   3231214649
RENTOKIL INITIAL    RTO1 GR        -242381476.4   3231214649
RENTOKIL INITIAL    RTOUSD EU      -242381476.4   3231214649
RENTOKIL INITIAL    RKLIF US       -242381476.4   3231214649
RENTOKIL INITIAL    RTOUSD EO      -242381476.4   3231214649
RENTOKIL INITIAL    RTOEUR EO      -242381476.4   3231214649
RENTOKIL INITIAL    RTOG IX        -242381476.4   3231214649
RENTOKIL INITIAL    RTO NQ         -242381476.4   3231214649
RENTOKIL INITIAL    RTO QM         -242381476.4   3231214649
RENTOKIL INITIAL    RTO BQ         -242381476.4   3231214649
RENTOKIL INITIAL    RTO VX         -242381476.4   3231214649
RENTOKIL-SP ADR     RTOKY US       -242381476.4   3231214649
RENTOKIL-SP ADR     AP76 LI        -242381476.4   3231214649
SAATCHI & SA-ADR    SSI$ LN        -119260804.2  705060824.5
SAATCHI & SA-ADR    SSA US         -119260804.2  705060824.5
SAATCHI & SAATCH    SSI LN         -119260804.2  705060824.5
SAATCHI & SAATCH    188190Q GR     -119260804.2  705060824.5
SAATCHI & SAATCH    SSATF US       -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      SK8C GR        -134177517.4  149159301.6
SKYEPHARMA PLC      SKYEF US       -134177517.4  149159301.6
SKYEPHARMA PLC      SKPEUR EU      -134177517.4  149159301.6
SKYEPHARMA PLC      SKP VX         -134177517.4  149159301.6
SKYEPHARMA PLC      SKP PO         -134177517.4  149159301.6
SKYEPHARMA PLC      SKPGBP EO      -134177517.4  149159301.6
SKYEPHARMA PLC      SKP LN         -134177517.4  149159301.6
SKYEPHARMA PLC      SKP PZ         -134177517.4  149159301.6
SKYEPHARMA PLC      SKPEUR EO      -134177517.4  149159301.6
SKYEPHARMA PLC      SKP TQ         -134177517.4  149159301.6
SKYEPHARMA PLC      SKP IX         -134177517.4  149159301.6
SKYEPHARMA PLC      SKP EO         -134177517.4  149159301.6
SKYEPHARMA PLC      SKP EU         -134177517.4  149159301.6
SKYEPHARMA PLC      SKP1 VX        -134177517.4  149159301.6
SKYEPHARMA PLC      SK8A GR        -134177517.4  149159301.6
SKYEPHARMA -SUB     2976665Z LN    -134177517.4  149159301.6
SKYEPHARMA-ADR      SKYEY US       -134177517.4  149159301.6
SKYEPHARMA-ADR      SK8N GR        -134177517.4  149159301.6
SKYEPHARMA-ADR      AP80 LI        -134177517.4  149159301.6
SKYEPHARMA-ADR      SKYE US        -134177517.4  149159301.6
SKYEPHARMA-ADR      SK8 GR         -134177517.4  149159301.6
SKYEPHARMA-ADR      SKYPY US       -134177517.4  149159301.6
SKYEPHAR-RTS F/P    SKPF VX        -134177517.4  149159301.6
SKYEPHAR-RTS F/P    SKPF LN        -134177517.4  149159301.6
SKYEPHAR-RTS N/P    SKPN LN        -134177517.4  149159301.6
SKYEPHAR-RTS N/P    SKPN VX        -134177517.4  149159301.6
SMG PLC             SMG PO         -49061227.23    212049868
SMG PLC             SMG LN         -49061227.23    212049868
SMG PLC-FUL PAID    SMGF LN        -49061227.23    212049868
SMG PLC-NIL PAID    SMGN LN        -49061227.23    212049868
SMITHS NEWS PLC     NWS1 EU        -111380853.7  310693960.2
SMITHS NEWS PLC     NWS VX         -111380853.7  310693960.2
SMITHS NEWS PLC     NWS1 EO        -111380853.7  310693960.2
SMITHS NEWS PLC     NWS PZ         -111380853.7  310693960.2
SMITHS NEWS PLC     SMWPF US       -111380853.7  310693960.2
SMITHS NEWS PLC     NWS IX         -111380853.7  310693960.2
SMITHS NEWS PLC     NWS2 EU        -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     NWS2 EO        -111380853.7  310693960.2
SMITHS NEWS PLC     NWS LN         -111380853.7  310693960.2
SMITHS NEWS PLC     NWS2EUR EO     -111380853.7  310693960.2
SMITHS NEWS PLC     NWS1GBP EO     -111380853.7  310693960.2
SMITHS NEWS PLC     NWS2 TQ        -111380853.7  310693960.2
SMITHS NEWS PLC     NWS1 BQ        -111380853.7  310693960.2
SMITHS NEWS PLC     NWS2GBP EO     -111380853.7  310693960.2
SMITHS NEWS PLC     NWS PO         -111380853.7  310693960.2
STAGECOACH GROUP    SGC1EUR EU     -113434621.8   2507562892
STAGECOACH GROUP    SGC1USD EO     -113434621.8   2507562892
STAGECOACH GROUP    SGC1 QM        -113434621.8   2507562892
STAGECOACH GROUP    SGC1 NR        -113434621.8   2507562892
STAGECOACH GROUP    SHP GR         -113434621.8   2507562892
STAGECOACH GROUP    SGCG PZ        -113434621.8   2507562892
STAGECOACH GROUP    SGC1AUD EO     -113434621.8   2507562892
STAGECOACH GROUP    SGC PO         -113434621.8   2507562892
STAGECOACH GROUP    SGC1 EB        -113434621.8   2507562892
STAGECOACH GROUP    SGC1 TQ        -113434621.8   2507562892
STAGECOACH GROUP    SGC1AUD EU     -113434621.8   2507562892
STAGECOACH GROUP    SGC1EUR EO     -113434621.8   2507562892
STAGECOACH GROUP    SHP4 GR        -113434621.8   2507562892
STAGECOACH GROUP    SGC1USD EU     -113434621.8   2507562892
STAGECOACH GROUP    SGC LN         -113434621.8   2507562892
STAGECOACH GROUP    SGC1 EO        -113434621.8   2507562892
STAGECOACH GROUP    SGC1GBP EO     -113434621.8   2507562892
STAGECOACH GROUP    SGC2 VX        -113434621.8   2507562892
STAGECOACH GROUP    SGC1 EU        -113434621.8   2507562892
STAGECOACH GROUP    SAGKF US       -113434621.8   2507562892
STAGECOACH GROUP    SGC1 NQ        -113434621.8   2507562892
STAGECOACH GROUP    SGC1 BQ        -113434621.8   2507562892
STAGECOACH GROUP    SGC IX         -113434621.8   2507562892
STAGECOACH GRP-B    SGCB LN        -113434621.8   2507562892
STAGECOACH-NEW      SGCN LN        -113434621.8   2507562892
STV GROUP PLC       STVGGBP EO     -49061227.23    212049868
STV GROUP PLC       STVGEUR EU     -49061227.23    212049868
STV GROUP PLC       STVG VX        -49061227.23    212049868
STV GROUP PLC       STVG EO        -49061227.23    212049868
STV GROUP PLC       SMG IX         -49061227.23    212049868
STV GROUP PLC       STVG EU        -49061227.23    212049868
STV GROUP PLC       SMGPF US       -49061227.23    212049868
STV GROUP PLC       SMG PZ         -49061227.23    212049868
STV GROUP PLC       SMG VX         -49061227.23    212049868
STV GROUP PLC       STVG LN        -49061227.23    212049868
STV GROUP PLC       STVGEUR EO     -49061227.23    212049868
TELEWEST COM-ADR    TWSTY US        -3702234581   7581020925
TELEWEST COM-ADR    TWSTD US        -3702234581   7581020925
TELEWEST COM-ADR    TWT$ LN         -3702234581   7581020925
TELEWEST COM-ADR    940767Q GR      -3702234581   7581020925
TELEWEST COMM       604296Q GR      -3702234581   7581020925
TELEWEST COMM       TWT VX          -3702234581   7581020925
TELEWEST COMM       TWSTF US        -3702234581   7581020925
TELEWEST COMM       715382Q LN      -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     TPT TQ         -85010363.51  146193829.2
TOPPS TILES PLC     TPT EU         -85010363.51  146193829.2
TOPPS TILES PLC     TPTJF US       -85010363.51  146193829.2
TOPPS TILES PLC     TPT EO         -85010363.51  146193829.2
TOPPS TILES PLC     TPT PO         -85010363.51  146193829.2
TOPPS TILES PLC     TPT BQ         -85010363.51  146193829.2
TOPPS TILES PLC     TPT IX         -85010363.51  146193829.2
TOPPS TILES PLC     TPTGBP EO      -85010363.51  146193829.2
TOPPS TILES PLC     TPTEUR EO      -85010363.51  146193829.2
TOPPS TILES PLC     TPTJY US       -85010363.51  146193829.2
TOPPS TILES PLC     TPTEUR EU      -85010363.51  146193829.2
TOPPS TILES PLC     TPT LN         -85010363.51  146193829.2
TOPPS TILES PLC     TPT PZ         -85010363.51  146193829.2
TOPPS TILES PLC     TPT VX         -85010363.51  146193829.2
TOPPS TILES-NEW     TPTN LN        -85010363.51  146193829.2
UTC GROUP           UGR LN         -11904426.45    203548565
VIRGIN MOB-ASSD     VMOC LN        -392165437.6  166070003.7
VIRGIN MOB-ASSD     VMOA LN        -392165437.6  166070003.7
VIRGIN MOBILE       VGMHF US       -392165437.6  166070003.7
VIRGIN MOBILE       VMOB LN        -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
WARNER ESTATE       WNEHF US       -37798939.99  432125169.9
WARNER ESTATE       WNER LN        -37798939.99  432125169.9
WARNER ESTATE       WNER PZ        -37798939.99  432125169.9
WARNER ESTATE       WNER EU        -37798939.99  432125169.9
WARNER ESTATE       WNER VX        -37798939.99  432125169.9
WARNER ESTATE       WNERGBP EO     -37798939.99  432125169.9
WARNER ESTATE       WNER EO        -37798939.99  432125169.9
WARNER ESTATE       WNER PO        -37798939.99  432125169.9
WARNER ESTATE       WRL GR         -37798939.99  432125169.9
WARNER ESTATE       WNER IX        -37798939.99  432125169.9
WATSON & PHILIP     WTSN LN          -120493900  252232072.9
WHITE YOUNG GREE    WHY PZ         -27530263.14    313453511
WHITE YOUNG GREE    WHY VX         -27530263.14    313453511
WHITE YOUNG GREE    WHYEUR EU      -27530263.14    313453511
WHITE YOUNG GREE    WHYGBP EO      -27530263.14    313453511
WHITE YOUNG GREE    WHYEUR EO      -27530263.14    313453511
WHITE YOUNG GREE    WHY EO         -27530263.14    313453511
WHITE YOUNG GREE    WHY EU         -27530263.14    313453511
WHITE YOUNG GREE    WHY LN         -27530263.14    313453511
WHITE YOUNG GREE    WHY PO         -27530263.14    313453511
WHITE YOUNG-NEW     WHYN LN        -27530263.14    313453511
WINCANTON PL-ADR    WNCNY US       -63105009.98   1416979806
WINCANTON PLC       WIN1 QM        -63105009.98   1416979806
WINCANTON PLC       WIN1 BQ        -63105009.98   1416979806
WINCANTON PLC       WNCNF US       -63105009.98   1416979806
WINCANTON PLC       WIN PO         -63105009.98   1416979806
WINCANTON PLC       WIN VX         -63105009.98   1416979806
WINCANTON PLC       WIN1USD EO     -63105009.98   1416979806
WINCANTON PLC       WIN1 TQ        -63105009.98   1416979806
WINCANTON PLC       WIN1GBP EO     -63105009.98   1416979806
WINCANTON PLC       WIN1 EU        -63105009.98   1416979806
WINCANTON PLC       WIN1 EO        -63105009.98   1416979806
WINCANTON PLC       WIN IX         -63105009.98   1416979806
WINCANTON PLC       WIN1EUR EO     -63105009.98   1416979806
WINCANTON PLC       WIN1USD EU     -63105009.98   1416979806
WINCANTON PLC       WIN LN         -63105009.98   1416979806
WINCANTON PLC       WIN1 NQ        -63105009.98   1416979806
WINCANTON PLC       WIN1 EB        -63105009.98   1416979806
WINCANTON PLC       WIN PZ         -63105009.98   1416979806
WINCANTON PLC       WIN1EUR EU     -63105009.98   1416979806
WYG PLC             WYGGBP EO      -27530263.14    313453511
WYG PLC             WYG LN         -27530263.14    313453511
WYG PLC             WYG PZ         -27530263.14    313453511
WYG PLC             WHY IX         -27530263.14    313453511
WYG PLC             WYGEUR EO      -27530263.14    313453511
WYG PLC             WYGEUR EU      -27530263.14    313453511
WYG PLC             WYG EO         -27530263.14    313453511
WYG PLC             WYG EU         -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

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  Go to 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-Fernandez, Joy A. Agravante and Peter A. Chapman,

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 * * *