TCREUR_Public/110927.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, September 27, 2011, Vol. 12, No. 191

                            Headlines



C Z E C H   R E P U B L I C

SAZKA AS: PPF Bids CZK3.8-Bil.; Penta Investments Bids CZK5-Bil.


F R A N C E

GENERAL RECYCLAGE: Shareholders to Vote on Voluntary Liquidation
PEUGEOT SA: Fitch Affirms Long-Term Issuer Default Rating at BB+


G R E E C E

DRYSHIPS INC: To Distribute Ocean Rig Shares as Part of Spin-Off
* GREECE: Finance Minister Rules Out Up to 50% Haircut on Bonds
* GREECE: Terms of International Rescue May Be Revised


I R E L A N D

EIRCOM GROUP: Most Likely to Default on Debt in CDS Market
FOSTERS MOTOR: Goes Into Liquidation Following Poor Trading
IRISH LIFE: Six Bidders for Life Business Trimmed Down to Two


I T A L Y

GRUPPO EDITORIALE: S&P Affirms 'BB' Rating on EUR275-Mil. Notes
LUCCHINI SPA: Creditors to Recover Less Under Revised Rescue Plan


L A T V I A

AIRBALTIC: Latvian Government Blasts Firm Following Bankruptcy


R O M A N I A

* ROMANIA: More Than 13,000 Firms Got Insolvent in First 8 Months


R U S S I A

TMK OAO: S&P Raises Corp. Credit Rating to 'B+'; Outlook Stable


S P A I N

* SPAIN: Allows Football Clubs to Avoid Relegation


U N I T E D   K I N G D O M

ARDEONAIG HOTEL: Adamo Hotel Buys Firm Out of Administration
CASTLESTONE MANAGEMENT: Goes Into Administration, Cuts All Jobs
CLARKE BOND: Goes Into Administration, Closes 4 UK Offices
DIXON RETAIL: Fitch Affirms Issuer Default Ratings at 'B'
FLEET STREET: Fitch Affirms Rating on Class B Notes at 'Bsf'

HOUSE OF ANDERSON: Cash Flow Problems Prompt CVA Proposal
RES-Q CONTACT: Sells Assets to Former Directors, Saves 400 Jobs
THATCHER'S FURNISHINGS: Goes Into Administration, 20 Jobs at Risk
TJ HUGHES: Sheffield Resumes Operations, Recruits 100 Staff


X X X X X X X X

* Large Companies with Insolvent Balance Sheets




                            *********


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C Z E C H   R E P U B L I C
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SAZKA AS: PPF Bids CZK3.8-Bil.; Penta Investments Bids CZK5-Bil.
----------------------------------------------------------------
According to Bloomberg News' Ladka Bauerova, Mlada Fronta Dnes,
citing Sazka AS administrator Josef Cupka, reported that PPF, the
investment company owned by Czech billionaire Petr Kellner,
offered CZK3.81 billion (US$208 million) for assets of the
bankrupt lottery provider.  Bloomberg notes that the newspaper
said it was the highest of the three accepted bids.

Krystof Chamonikolas at Bloomberg News reports that Penta
Investments Ltd., a private-equity group based in Prague, said it
offered CZK5 billion (US$273 million) for Sazka AS.  According to
Bloomberg, Penta said in an e-mailed statement that it offered to
pay CZK4.65 billion for Sazka and CZK350 million to settle the
company's liabilities.  Bloomberg relates that the company said
it delivered a letter with the bid to Sazka's bankruptcy
administrator on Friday.

As reported by the Troubled Company Reporter-Europe on Aug. 24,
2011, Bloomberg News related that the Prague Municipal Court,
which placed Sazka in bankruptcy in May, approved the terms for
the company's tender proposed by its administrator and the
creditors' committee.  The terms include a CZK500 million
(US$29.35 million) deposit from each bidder before doing due
diligence on the company, Bloomberg disclosed.  The price offered
by bidders will be the main criterion for choosing the new owner,
Bloomberg noted.  The administrator, as cited by Bloomberg, said
that the rules of the tender also include a fine of
CZK1.5 billion if the winner fails to get an approval of anti-
monopoly bodies to take over Sazka.

Sazka AS is a provider of lotteries and sport betting games in
the Czech Republic.


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F R A N C E
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GENERAL RECYCLAGE: Shareholders to Vote on Voluntary Liquidation
----------------------------------------------------------------
Steve Rhinds at Bloomberg News reports that General Recyclage SA
said in an e-mailed statement on Monday that it will ask
shareholders to vote on a voluntary liquidation plan for the
company at a meeting on Oct. 18.

General Recyclage SA (formerly General Industries SA) is a
France-based company providing recycling services for
agricultural and truck farming sectors.  The Company specializes
in the recovery and transformation of plastic films and Low
Density Polyethylene (LADE) collection bags.


PEUGEOT SA: Fitch Affirms Long-Term Issuer Default Rating at BB+
----------------------------------------------------------------
Fitch Ratings has affirmed Peugeot SA's (PSA) and Renault SA's
Long-term Issuer Default Ratings (IDR) and senior unsecured notes
at 'BB+' and PSA's Short-term IDR at 'B'.  The Outlooks on PSA's
and Renault's IDRs are Positive and Stable, respectively.

"The environment is undoubtedly becoming more challenging for PSA
and Renault, especially in their domestic European market, and
uncertainties are growing regarding sales and performance in
2012," says Emmanuel Bulle, Senior Director in Fitch's European
Corporates team.  "However, both groups are well on track with
their cost-savings measures and are in a much better situation
than in H208 to face a potential slowdown in sales."

The environment has deteriorated since the summer with declining
consumer and corporate confidence in several European markets.
The ongoing sovereign debt crisis in Europe, as well as concerns
about a potential economic slowdown in other markets prompted
Fitch to revise its expectations for PSA's and Renault's revenue,
underlying profitability and cash generation in 2012.

These projections are based on Fitch's assumptions that the
western European market will be down 0.5% in 2011 and will remain
flat to modestly up 0.5% in 2012.  This is somewhat worse than
the agency's assumptions at the time of the previous Renault and
PSA rating action in February 2011 of 1% and 3% growth in 2011
and 2012, respectively.

As a consequence, Fitch now expects PSA's industrial operating
margins to be 1.9% in 2011 and 2.7% in 2012, down from 3% and
3.4% in its February rating case.  Renault's industrial operating
margins are expected to be 0.7% in 2011 and 1.6% in 2012, down
from 2% and 2.9%.  Net leverage is now expected to be 0.4x for
PSA at end-2012 (up from 0.3x projected in February 2011) and
0.6x for Renault (up from 0.5x).

Upgrade potential for PSA has diminished, although Fitch's
current projections still point to a possibility for PSA to meet
the agency's positive rating guidelines in the next 12-18 months.
However, this could be postponed to 2013 in light of the current
deterioration of the environment in Europe.  PSA's projected key
credit metrics are now more in line with Renault's, although
Fitch considers PSA's business profile slightly more robust than
Renault's.

The ratings of both companies could be upgraded if financial
metrics strengthen on a sustainable basis, including net adjusted
leverage declining to less than 0.5x and CFO on total adjusted
debt improving to more than 40%.  Positive rating action could
also occur if there was a sustainable increase in market share,
combined with improved profitability.

Conversely, a fall in global sales in 2011 and 2012, leading to
negative operating margins, and deterioration of key financial
metrics, including net adjusted leverage remaining above 1.5x
and/or CFO on total adjusted debt remaining below 25%, could be
negative for the ratings.  Failure to improve geographic
diversification in line with current targets could also put
pressure on the ratings or lead to a stabilization of PSA's
Outlook.

Despite increasing concerns about sales performance in H211 and
2012, Fitch believes that PSA and Renault are in a better
situation than in H208 when sales, operating profit and cash-flow
plummeted and financial debt soared.  In particular, both groups
have made substantial improvements to their cost structures,
including reduced fixed costs, leading to a lower breakeven
point.  Inventories are also at a more reasonable level than at
end-2008, when they obliged manufacturers to cut production to
limit cash haemorrhage from working capital needs.  In addition,
both PSA and Renault improved their geographic diversification
and are now somewhat less dependent on western Europe.  Finally,
both groups have higher liquidity levels on their balance sheet
and would suffer less from a material and swift cash outflow.


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G R E E C E
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DRYSHIPS INC: To Distribute Ocean Rig Shares as Part of Spin-Off
----------------------------------------------------------------
DryShips Inc. said that based on 408,394,836 common shares
outstanding as of the record date of Sept. 21, 2011, DryShips
will distribute 2,967,359 common shares of Ocean Rig UDW on a pro
rata basis, or 0.007266 common shares of Ocean Rig UDW for every
one share of common stock of DryShips.  The distribution date for
the partial spin off is Oct. 5, 2011.

Ocean Rig UDW common shares began trading on a "when issued"
basis on the Nasdaq Global Select Market under the ticker symbol
"ORIGV" on Sept. 19, 2011, and it is expected that Ocean Rig UDW
common shares will begin "regular way" trading on the Nasdaq
Global Select Market on Oct. 6, 2011.

As previously announced, fractional shares of Ocean Rig UDW
common stock will not be distributed to DryShips shareholders.
Instead, fractional shares of Ocean Rig UDW will be aggregated
and sold in the open market, with the net proceeds distributed
pro rata in the form of cash payments to DryShips' shareholders
who would otherwise be entitled to receive a fractional share of
Ocean Rig UDW common stock.

No action or payment is required by DryShips' shareholders to
receive shares of Ocean Rig UDW common stock.  An Information
Statement containing details regarding the distribution of the
Ocean Rig UDW common stock will be mailed to DryShips'
shareholders prior to the distribution date.  Investors are
encouraged to consult with their financial advisers regarding the
specific implications of buying or selling DryShips common stock
after the ex-dividend date of Sept. 19, 2011.

The distribution of shares of Ocean Rig UDW common stock or cash
in lieu thereof in the partial spin-off will be characterized as
a taxable dividend for United States federal income tax purposes.
The amount of the dividend for such tax purposes will be equal to
the sum of (x) the fair market value of Ocean Rig UDW Shares
received by a U.S. Holder; and (y) any cash payment in lieu of
fractional shares paid to a U.S. Holder.

A full-text copy of the filing is available for free at:

                         http://is.gd/LlHoAN

                         About DryShips Inc.

Based in Greece, DryShips Inc. -- http://www.dryships.com/--
-- owns and operates drybulk carriers and offshore oil
deep water drilling units that operate worldwide.  As of
Sept. 10, 2010, DryShips owns a fleet of 40 drybulk carriers
(including newbuildings), comprising 7 Capesize, 31 Panamax and 2
Supramax, with a combined deadweight tonnage of over 3.6 million
tons and 6 offshore oil deep water drilling units, comprising of
2 ultra deep water semisubmersible drilling rigs and 4 ultra deep
water newbuilding drillships.

DryShips's common stock is listed on the NASDAQ Global Select
Market where it trades under the symbol "DRYS".

On Nov. 25, 2010, DryShips Inc. entered into a waiver letter
for its US$230.0 million credit facility dated Sept. 10, 2007,
as amended, extending the waiver of certain covenants through
Dec. 31, 2010.

In its audit report on the Company's financial statements for the
year ended Dec. 31, 2010, Deloitte, Hadjipavlou Sofianos &
Cambanis S.A., noted that the Company's inability to comply with
financial covenants under its original loan agreements as of
Dec. 31, 2009, its negative working capital position and other
matters raise substantial doubt about its ability to continue as
a going concern.

The Company's balance sheet at June 30, 2011, showed
US$7.86 billion in total assets, US$4.03 billion in total
liabilities, and US$3.83 billion in total equity.


* GREECE: Finance Minister Rules Out Up to 50% Haircut on Bonds
---------------------------------------------------------------
Xinhua reports that Greek Deputy Prime Minister and Finance
Minister Evangelos Venizelos dismissed on Friday fresh scenarios
in local media reports that the government is examining the
prospect of an imminent "haircut" of up to 50% on the Greek debt
to tackle an acute debt crisis under a kind of planned default.

Xinhua relates that a statement released by the ministry said
Greece remains committed to "doing everything in its power for
the full and on time" implementation of the eurozone July 21
agreement on the further support of Athens to overcome the
challenge.  The statement added that in this context, Greece will
take "hard and tough measures in order to achieve its fiscal
targets" and, from this year to 2014, will promote structural
changes, a privatization program as well as the Greek bond swap
plan that involves private holders of Greek bonds under the
July 21 pact, according to Xinhua.

"All other discussions, rumors, comments and scenarios that
distract attention from this central goal . . . do not offer good
service towards our common European case," underlined
Mr. Venizelos, as Greek media reproduced a report printed on "Ta
Nea" (The News) daily over a possible orderly restructuring of
the Greek sovereign debt management, Xinhua notes.

According to the report, which cites anonymous sources, during a
closed briefing of ruling socialist PASOK party deputies on
Thursday, the minister presented three scenarios for the
debt-ridden country in coming weeks and months, Xinhua discloses.
In one of them, Mr. Venizelos seemed to imply that Greece could
end up asking creditors to accept a 50% "haircut" on their Greek
bonds, Xinhua notes.

Under the July 21 deal, private sector bondholders have already
been invited to accept a 21% loss on their Greek bonds maturing
before 2020, exchanging them for longer term ones, according to
Xinhua.

In order to avoid an economic collapse with major repercussions
for the entire eurozone, a further "haircut" of the Greek debt
should be done in "full cooperation" with foreign lenders, after
the parliamentary vote on the 2012 budget in late October,
Mr. Venizelos is said to have told deputies, Xinhua relates.

In the worst scenario, without further support by European
Union/International Monetary Fund creditors and such a deal on a
planned default, Greece could go bankrupt in a disorderly manner,
Xinhua states.

In the best scenario on the table, Greece will fully implement
its three-year austerity and reform plan to exit the crisis, as
agreed in spring last year, when the country first secured EU/IMF
bailout loans to escape default, slash deficits and return to
growth, Xinhua says.


* GREECE: Terms of International Rescue May Be Revised
------------------------------------------------------
Rainer Buergin at Bloomberg News reports that German Finance
Minister Wolfgang Schaeuble suggested that the terms of Greece's
international rescue may need to be revised.

"One has to see whether what has been envisaged in June, July is
still sustainable in the light of more recent developments,"
Bloomberg quoted Mr. Schaeuble as saying in Washington on Friday
before the annual meeting of the International Monetary Fund and
the World Bank.  At the same time, he said that "to speculate on
this at the current juncture would be wrong."

Greece is accelerating budget cuts, targeting civil servants'
wages and pensions, as it tries to satisfy the terms of a EUR110
billion (US$149 billion) bailout and receive a payment due next
month, Bloomberg says.  Mr. Schaeuble didn't say what any new
terms might involve, though referred to the second bailout for
Greece that was agreed by European leaders at a July 21 summit,
Bloomberg notes.

"I would be surprised if the conditions for the disbursement of
the next tranche in September had changed, but not the conditions
for an additional program for Greece," Mr. Schaeuble, as cited by
Bloomberg, said.  "But I want to see that first."

Mr. Schaeuble said the first aid program for Greece assumed that
the country would have access to capital markets again in 2012,
Bloomberg relates.

"This assumption was already regarded as unrealistic in the
middle of the year, that's why after the decision about a
disbursement of the next tranche the debate will of course start
again how we're going to build a new, additional program,"
Bloomberg quotes Mr. Schaeuble as saying.  "We can better judge
what this program will look like when we have the decision on the
conditions for the disbursement of the next tranche."


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I R E L A N D
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EIRCOM GROUP: Most Likely to Default on Debt in CDS Market
----------------------------------------------------------
Donal O'Donovan at Irish Independent reports that Eircom Group is
the riskiest large-scale borrower in the world, according to bond
market data.

According to Irish Independent, prices in the credit default swap
(CDS) market show that Eircom is considered most likely to
default on its debt of any name in the CDS market.  Irish
Independent says investors think Eircom is more likely to default
than Greece, according to the market prices.

Despite the risk of being hit with losses, bond traders say even
some of the riskiest Eircom debt is still being traded, Irish
Independent notes.

The cost of insuring Eircom's corporate bonds debt increased by
8.46% last week and is now the highest in the world of any big
corporation or country, Irish Independent relates.

In theory, the mismatch between the amount of cash Eircom takes
in through sales and the amount it owes is so bad it should be
allowed to walk away from a proportion of debt, Irish Independent
discloses.

Eircom has multiple layers of debt issued under a plethora of
legal contracts.  Most of its EUR2.7 billion of debt are "senior
loans" with a relatively low risk of suffering losses, according
to Irish Independent.  There is another EUR1 billion of bond debt
seen as very risky by the markets, Irish Independent states.  As
well as a variety of debts, Eircom's structure crosses a plethora
of global borders -- even though its business is all in Ireland,
Irish Independent notes.

As reported by the Troubled Company Reporter-Europe on Sept. 16,
2011, The Irish Times related that Eircom's senior lenders agreed
to a three-month waiver of the covenants relating to EUR2.7
billion worth of debt owed to them by the company.  The waiver
prevents a debt default by Eircom and allows the Irish telecoms
group the breathing space to restructure its loans, The Irish
Times said.

Headquartered in Dublin, Ireland, Eircom Group --
http://www.eircom.ie/-- is an Irish telecommunications company,
and former state-owned incumbent.  It is currently the largest
telecommunications operator in the Republic of Ireland and
operates primarily on the island of Ireland, with a point of
presence in Great Britain.


FOSTERS MOTOR: Goes Into Liquidation Following Poor Trading
-----------------------------------------------------------
InsolvencyJournal.ie reports that David Van Dessel of
kavanaghfennell was appointed liquidator over The Fosters Motor
Co. Limited on September 20, 2011.

According to InsolvencyJournal.ie, the directors cited that as a
result of the company being unable to maintain its current
dealership rights with Volkwagon and a poor trading period they
were left with no alternative but to place the company into
liquidation.

Currently the liquidator is reviewing all retention of title
claims; following the completion of same, the liquidator will
seek to sell the assets, InsolvencyJournal.ie discloses.  An
offer to purchase the assets of the company has been received
from a related entity and this offer is currently being examined
by the Liquidator, InsolvencyJournal.ie notes.

The Fosters Motor Co. Limited was based in Sandyford, Dublin 18.


IRISH LIFE: Six Bidders for Life Business Trimmed Down to Two
-------------------------------------------------------------
Irish Independent reports that the sale of Irish Life &
Permanent's EUR1.5 billion-valued life business is entering the
final phase as the six bidders are cut to just two candidates.

Delays in the protracted sales process have meant that the second
round of bidding will run on until early October, when the
bidders -- a mixture of major North American insurers and private
equity players -- are whittled down, Irish Independent says.
Deutsche Bank is handling the disposal, Irish Independent
discloses.

According to Irish Independent, the bidders for the unit, which
is being sold off as Irish Life & Permanent seeks to rebuild its
shattered balance sheet, include JC Flowers, Canada Life, CVC,
Unum and Delphi.

As reported by the Troubled Company Reporter-Europe on Sept. 15,
2011, Irish Independent said the delay won't force a temporary
recapitalization of the company if the disposal is "progressing"
and a buyer is in sight.  Irish Independent noted that while the
sale is outstanding, IL&P has EUR1.1 billion less capital than
the demand of March's stress tests -- breaching one of the
original conditions of Ireland's IMF/EU/ECB bailout.

Headquartered in Dublin, Irish Life & Permanent plc --
http://www.irishlifepermanent.ie/-- is a provider of personal
financial services to the Irish market.  Its business segments
include banking, which provides retail banking services;
insurance and investment, which includes individual and group
life assurance and investment contracts, pensions and annuity
business written in Irish Life Assurance plc and Irish Life
International, and the investment management business written in
Irish Life Investment Managers Limited; general insurance, which
includes property and casualty insurance carried out through its
associate, Allianz-Irish Life Holdings plc, and other, which
includes a number of small business units.


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I T A L Y
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GRUPPO EDITORIALE: S&P Affirms 'BB' Rating on EUR275-Mil. Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its recovery rating on
the EUR275 million unsecured notes due 2014 issued by Gruppo
Editoriale L'Espresso SpA (Gruppo Espresso; BB/Stable/--) to '3'
from '4', reflecting its expectation of meaningful (50%-70%)
recovery for creditors in the event of a payment default. "At the
same time, we affirmed our 'BB' issue rating on the notes. The
issue rating is in line with the corporate credit rating on
Gruppo Espresso," S&P said.

"The revision of our recovery rating on the unsecured notes
follows deleveraging of the capital structure, mostly driven by
Gruppo Espresso's continuing repayment of its bank loans. We now
believe that less debt would rank ahead of the unsecured notes at
our hypothetical point of default in 2014. As part of our revised
recovery analysis, we have also lowered the stressed multiple
that we use to value Gruppo Espresso at our hypothetical point of
default to 5.0x from 5.5x, given our view of the structural
challenges faced by the publishing industry," S&P related.

                       Recovery Analysis

"Our issue and recovery ratings are supported by our valuation of
Gruppo Espresso as a going concern, given its leading market
position in the Italian national and local newspaper market,
highly recognized brands, and well-diversified customer base. On
the other hand, recovery prospects for the unsecured noteholders
reflect our assessment of the likelihood of insolvency
proceedings being adversely influenced by Gruppo Espresso being
domiciled in Italy, as well as the unsecured nature of the debt,"
S&P said.

Gruppo Espresso's capital structure includes the EUR275 million
unsecured notes maturing in 2014 and some amortizing bank loans
to be repaid by 2015. These loans amounted to approximately EUR45
million as of June 30, 2011. Noteholders do not benefit from any
security and have no specific claim on Gruppo Espresso and its
subsidiaries or assets, whereas the outstanding bank loans are
secured by the company's equipment.

"To calculate potential recoveries, we simulate a payment
default. We believe that the key risks faced by the business
relate to the group's exposure to the cyclicality of the
advertising sector and its relative concentration of earnings
from a single business franchise, 'la Repubblica,' although this
encompasses a range of products. We believe that these operating
risks, combined with the group's high operating leverage, could
trigger a default. In addition, the default may be accelerated by
the absence of a committed credit facility," S&P stated.

"Our hypothetical scenario leads the group to default in 2014, at
which point EBITDA would have declined to approximately EUR50
million. We estimate Gruppo Espresso's enterprise value at the
simulated point of default to be about EUR250 million, which
corresponds to a blended enterprise-value-to-EBITDA multiple of
about 5x," S&P stated.

"After deducting about EUR65 million of priority liabilities,
mainly comprising enforcement costs, a portion of the pension
deficit, and the remaining outstanding amount under the bank
loans by the time of default, we arrive at a net enterprise value
of about EUR185 million. We assume that the notes would amount to
EUR282 million at default, including six months of prepetition
interest. On this basis, recovery prospects for the noteholders
would be in the 50%-70% range, which translates into a recovery
rating of '3'," S&P stated.

The recovery prospects for the unsecured noteholders could be
impaired if Gruppo Espresso were to raise a committed credit
facility, given that this liquidity line would likely rank either
pari-passu with, or above, the unsecured notes in an event of
default. This is because of the higher amount of debt outstanding
at the point of default.

Ratings List
Ratings Affirmed; Revised

Gruppo Editoriale L'Espresso SpA
  Senior Unsecured Debt                 BB                 BB
  Recovery Rating                       3                  4


LUCCHINI SPA: Creditors to Recover Less Under Revised Rescue Plan
-----------------------------------------------------------------
Armorel Kenna at Bloomberg News, citing  Il Messaggero, reports
that Lucchini SpA's creditors may be refunded EUR100 million
(US$135 million) under a revised plan to rescue the company.

According to Bloomberg, the newspaper said that the amount is
less than the EUR180 million that lenders, including BNP Paribas,
Intesa Sanpaolo SpA and UniCredit SpA, expected to get back under
a previous plan.

As reported by the Troubled Company Reporter on July 11, 2011,
SteelOrbis related that Lucchini avoided bankruptcy after it
reached an agreement with its creditor banks.  SteelOrbis
disclosed that the agreement was reached on the basis of the
freezing of 100% of the corporate debt (EUR770 million) and the
granting of a EUR78 million bridging loan and EUR48 million in
letters of credit.

Brescia-based Lucchini Group is the Italian steelmaking division
of Russia's Severstal Group.


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L A T V I A
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AIRBALTIC: Latvian Government Blasts Firm Following Bankruptcy
--------------------------------------------------------------
Dow Jones' DBR Small Cap reports that a day after Latvian
national air carrier airBaltic said it would file for bankruptcy
protection, Prime Minister Valdis Dombrovskis blamed the
management of national carrier airBaltic for failing to resolve a
bitter dispute with the government, Agence France-Presse
reported.


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R O M A N I A
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* ROMANIA: More Than 13,000 Firms Got Insolvent in First 8 Months
-----------------------------------------------------------------
Romania Insider reports that the first eight months of this year
proved to be tough for 13,265 Romanian firms which became
insolvent.  The number was 5.7% below the one posted during the
same period in 2010.

The National Trade Registry (ONRC) said almost 15,000 companies
suspended their activity during these first eight months, down
72.8% on the same period in 2010, Romania Insider relates.

According to the report, most of the companies which turned to
the insolvency procedures were in the trade area, in
constructions and in the manufacturing industry.  Bucharest led
the way with 1,413 insolvent firms, followed by Dolj with 935 and
Constanta, with 808.

"Overall, 2011 will not be much below the 2010 level on new
insolvency filed, as the second half will see an upturn caused by
terms set for the second half of the year, as well as by the
evolution of the economic environment," Casa de Insolventa
Transilvania said, Romania Insider reports.

There were over 928,000 firms in Romania at the end of August.
Last year, over 21,000 companies became insolvent, up from 19,800
in 2009, Romania Insider notes.


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R U S S I A
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TMK OAO: S&P Raises Corp. Credit Rating to 'B+'; Outlook Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term corporate
credit rating on Russia-based pipe manufacturer OAO TMK to 'B+'
from 'B'. The outlook is stable. At the same time, the Russia
national scale rating was raised to 'ruA' from 'ruA-'.

"At the same time, we have revised our recovery assessment on
$500 million loan participation notes (LPNs) issued in January
2011 (due 2018) by special purpose vehicle TMK Capital S.A., and
on a US$413 million convertible bond (due 2015) issued by TMK
Bonds S.A. and guaranteed by parent company OAO TMK. The recovery
rating is now '3', indicating our expectation of 'meaningful'
(50%-70%) recovery in the event of a payment default. We raised
the issue rating on these debt instruments to 'B+' from 'B', in
line with the corporate credit rating," S&P stated.

The upgrade reflects the improvement in TMK's liquidity and its
operating and financial performance.

In the first half of 2011, TMK reported US$618 million of
adjusted EBITDA (EBITDA margin of 17.4%) and gross adjusted debt
of $4,084 million. Its fully adjusted ratio of debt to EBITDA
therefore improved to 3.3x on an annualized basis.

"Another reason for the upgrade relates to our perception that
TMK's liquidity has improved. We have raised our assessment to
'adequate' from 'less than adequate', based on TMK's refinancing
of substantial maturities due in 2011-2012. We further expect
management to proactively address upcoming maturities by issuing
long-term debt," S&P said.

"The stable outlook reflects our view that TMK will continue to
benefit from sufficiently supportive market conditions in Russia
and its key oil and gas end markets, as well as from current oil
and gas prices, despite increased macroeconomic uncertainties,"
S&P added.


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S P A I N
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* SPAIN: Allows Football Clubs to Avoid Relegation
--------------------------------------------------
Dave Williams at Spanish Football News reports that the Spanish
government has altered a controversial law that allowed
financially struggling clubs to avoid relegation by going into
administration.

The move has been welcomed by the Spanish Players' Union (AFE),
which had held up the practice as one of the main grievances
behind the strike action that hit the start of the new La Liga
season, according to Spanish Football News.

"This reform. . . . will prevent the undesirable use and abuse of
certain instruments of the bankruptcy law and ensure stability
and equality in sports competitions," the government said,
reports Reuters.

An AFE statement read: "This change has been one of the main
demands of the AFE for the past 18 months, achieved by the
efforts of all the players. The main change is that any club
starting insolvency proceedings will not be able to prevent the
application of the rules governing participation in sporting
competition," Spanish Football News notes.


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


ARDEONAIG HOTEL: Adamo Hotel Buys Firm Out of Administration
------------------------------------------------------------
Gordon Bannerman at Perthshire Advertiser reports that Ardeonaig
Hotel has been brought out of administration by Stirling-based
Adamo Hotel Group.

The Big County venue is set to become the flagship in a group
which includes luxury boutique hotels in Stirling and Bridge of
Allan, according to Perthshire Advertiser.

The report notes that Ardeonaig Hotel went on the market with an
asking price in excess of GBP1 million.  Perthshire Advertiser
discloses that the selling figure has not been confirmed but now
it has been re-launched under the Adamo banner, with Rodney Doig
as director of operations. Head chef is Ross Miller, who has
worked with Martin Wishart and the Roux Brothers.

As reported in the Troubled Company Reporter-Europe on Nov. 1,
2010, Ardeonaig Hotel was placed into administration.  Business
Sale Report related that Ardeonaig Hotel was placed on the market
by the administrators at Zolfo Coopers with a price tag of GBP1.1
million.  The report noted that its ten employees have all been
made redundant.  According to the report, the South African owner
Pete Gottgens has reportedly left the hotel, having dropped all
associations with it.

Ardeonaig Hotel is located in Perthshire and owned by former
personal chef to Nelson Mandela, Pete Gottgens.


CASTLESTONE MANAGEMENT: Goes Into Administration, Cuts All Jobs
---------------------------------------------------------------
Emma Dunkley at citywire.co.uk reports that Castlestone
Management has gone into administration and all staff has been
made redundant.

Chief Executive Officer Jerry Devlin said he will not be moving
to the parent firm's British Virgin Island's company to work with
former chief executive Angus Murray, according to citywire.co.uk.

The report notes that Mr. Murray said that the parent firm,
Castlestone Management Incorporated, will retain between 20-25
staff worldwide.  "There is no necessity for Castlestone to
continue to have a UK based investment manager," the report
quoted Mr. Murray as saying.

The firm has recently been the subject of investigation by the
Financial Services Authority, which led the watchdog to raid
Castlestone Management's London and Chichester offices in July,
citywire.co.uk notes.

The report says that Castlestone Management sent out a note
saying the nature of the FSA's investigation was "not into
criminal offences" and was of a "regulatory nature".

The firm saw its chief executive Angus Murray step down from his
post in August, to be replaced by director of global sales, Jerry
Devlin, citywire.co.uk discloses.

The report relays that Castlestone Management also terminated its
fund range listed on the Irish Stock Exchange and proposed its
listed fund business be wound up, following the FSA's raid.
citywire.co.uk notes that the affected funds are Aliquot
Commodity, Aliquot Agriculture, Intelligent Portfolio Asset
Allocation and Aliquot Precious Metals, which are now closed.

"The directors have made such determination following due and
proper consideration of issues affecting the funds including
current market conditions, that the net asset value of the funds
is currently below a minimum viable amount and that it is in the
best interests of the relevant shareholders to terminate the
funds," Castlestone said in a statement to the Irish stock
exchange that was obtained by the news agency.

Castlestone Management is a United Kingdom asset management firm.


CLARKE BOND: Goes Into Administration, Closes 4 UK Offices
----------------------------------------------------------
Marissa Lynch at nce.co.uk reports that Clarke Bond Group has
been put into administration and has closed four of its UK
offices in Sale, Harrogate, Birmingham and Swansea.

Clarke Bond Group is a United Kingdom civil and structural
consultant.


DIXON RETAIL: Fitch Affirms Issuer Default Ratings at 'B'
---------------------------------------------------------
Fitch Ratings has affirmed UK-based consumer electronics retailer
Dixons Retail plc's Long-term Issuer Default Rating (IDR) and
Short-term IDR at 'B' and its senior unsecured rating at 'B+'
with a Recovery Rating of 'RR3'.  The Outlook for the Long-term
IDR is Negative.

The ratings reflect Dixons' position as one of the leading
consumer electronics retailers in Europe.  The company will
continue to benefit from its renewal and transformational
program, a good technology product cycle and the exit of weaker
competitors from the market since the beginning of 2011.  Dixons'
Nordic business will continue to contribute strongly to the
group, partly offsetting the difficult trading environment in the
UK and its other international businesses.  Its Nordic business
contributed to 27% of total group sales and 68% of underlying
operating group profit in FY11.

The Negative Outlook reflects continued difficult trading
conditions across Europe, especially in the UK.  This is
evidenced in the continued like-for-like (LFL) sales declines
reported by most UK consumer electronics retailers, including
Dixons, and as such there is still a lack of visibility of any
signs of stabilization in the industry.  Fitch also notes that
around 60% of Dixons' sales are generated from the second half of
the year.

The difficult trading conditions will continue to constrain the
speed of improvement in the company's operating performance.
Fitch notes that improved profitability, liquidity and leverage
profile will likely result in a revision of the Outlook to
Stable.

The affirmation of the senior unsecured rating reflects Fitch's
recovery analysis, which indicates a 51%-70% recovery to the
senior unsecured instruments in a distressed scenario, equating
to a Recovery Rating of 'RR3'.  As per Fitch's notching
guidelines, this leads to a rating one notch above the Long-term
IDR at 'B+'.

Fitch will continue to monitor Dixons' liquidity, debt and
interest coverage covenant compliance.  Dixons' liquidity is
currently adequate, with access to a GBP360 million revolving
credit facility (RCF) maturing in August 2013, which is
sufficient to cover the company's peak working capital usage
throughout the year.  Fitch assumes that credit insurers and
suppliers will continue to support the company.

Fitch also notes that Dixons plans to reduce FY12 (year ending
May 2012) capex to GBP100 million from GBP160 million announced
earlier, to preserve cash and to ensure the redemption of its
GBP160 million 6.125% 2012 bonds which is due to mature on
November 15, 2012.  Lease-adjusted leverage was 5.2x in FY11
(FY10:5.3x) and Fitch expects the deleveraging trend to continue,
albeit at a slower pace than initially expected.


FLEET STREET: Fitch Affirms Rating on Class B Notes at 'Bsf'
------------------------------------------------------------
Fitch Ratings has affirmed Fleet Street Finance Three plc's
notes, as follows:

  -- EUR464.2m class A1 due October 2016 (XS0302957062) affirmed
     at 'Asf'; Outlook Negative

  -- EUR83.0m class A2 due October 2016 (XS0302957575) affirmed
     at 'BBsf'; Outlook Negative

  -- EUR65.4m class B due October 2016 (XS0302958110) affirmed at
     'Bsf'; Outlook Negative

The affirmation reflects the relatively unchanged collateral
performance of the outstanding loans since the last rating action
in October 2010, in line with Fitch's expectations.  The GSW
loan, 75% securitized in Windermere IX and 25% in Fleet Street
Finance Three, prepaid on February 15, 2011.  However, principal
proceeds were withheld due to the note trustee seeking direction
from the High Court of England and Wales on how to interpret and
apply the sequential payment trigger of the transaction.  The
High Court gave judgment on September 9, 2011 and confirmed that
the GSW funds should be applied in accordance with the pro rata
application on October 3, 2011, if the decision is not appealed.

The performance of the largest loan in the portfolio (Corleone,
55%) remains stable. However, the unsuccessful implementation of
the sponsor's business plan and declines in asset values mean
that the sponsor will have difficulty in repaying the debt in
full at loan maturity in April 2012.  If the loan defaults at
maturity, principal proceeds received thereafter will be
allocated on a fully sequential basis.  If the servicer chooses
to extend the loan on a discretionary basis, while in the short-
term, this may not immediately be a benefit to the senior
noteholders; in the long term, an extension may indeed have a
positive effect, by allowing the borrower more time to execute a
value-enhancing business plan or manage an orderly portfolio
liquidation.  Given the interest coverage of 2.34x, there is
significant cash that could be extracted from the collateral
which could result in loan performance improving materially.


HOUSE OF ANDERSON: Cash Flow Problems Prompt CVA Proposal
---------------------------------------------------------
Lancaster Guardian reports that House of Anderson is seeking to
agree a Company Voluntary Arrangement (CVA) after running into
cash flow problems.

The company has appointed London-based David Rubin & Partners to
negotiate terms with firms owed money, Lancaster Guardian
relates.

According to Lancaster Guardian, Director Paul Lusted said the
business, which dates back to 1905, would continue trading and
was still paying the wages of its 30 staff.

Based in Thornton Road in Morecambe, House of Anderson is a
window and conservatory supplier.


RES-Q CONTACT: Sells Assets to Former Directors, Saves 400 Jobs
---------------------------------------------------------------
thisishullandeastriding.co.uk reports that Res-Q Contact Services
Limited has gone into administration.

The company fell into arrears with Her Majesty Revenue And
Customs in August 2010 after suffering cashflow problems and new
contracts failed to materialize, according to
thisishullandeastriding.co.uk.  The report relates that twelve
months later, the business had still failed to re-establish a
"time to pay" agreement with HM Revenue And Customs and presented
a petition for the winding up of the company.

thisishullandeastriding.co.uk notes that administrators have been
called in to the firm in the past few weeks.  Paul Boyle and John
Sallabank, directors at business recovery and insolvency
specialist Harrisons, were appointed joint administrators on
August 31.

thisishullandeastriding.co.uk says that the company was able to
save its 400 workers after it sold its assets to former directors
Nicholas Marshall and Gillian Marchbank.  The report relates that
workers have now transferred to new firm RSE Contract Services
Ltd, set up by the former directors.

Res-Q Contact Services Limited was established using a GBP5,000
grant from Hull City Council's Acorn Fund in 2005, the report
notes.


THATCHER'S FURNISHINGS: Goes Into Administration, 20 Jobs at Risk
-----------------------------------------------------------------
Henryk Zientek at Huddersfield Daily Examiner reports that
Thatcher's Furnishings Ltd has gone into administration putting
20 jobs at risk.

Thatcher's Furnishings is urgently seeking a buyer for its
business, according to Huddersfield Daily Examiner.

Peter Sargent and Julian Pitts, of insolvency firm Begbies
Traynor, were appointed joint administrators of the company.

A Meltham local Mr. Sargent said that the firm's Dundas Street
premises would be closed for stocktaking, after which it would
re-open for a sale of goods to the public.

Huddersfield Daily Examiner notes that chartered surveyors Walker
Singleton have been appointed to handle the disposal of the
firm's assets.  The report relates that the building includes six
showrooms over three floors as well as the top-floor Rafters
coffee shop.

Thatcher's Furnishings specialized in selling high quality
furniture, beds, curtains, clocks, carpets and rugs.


TJ HUGHES: Sheffield Resumes Operations, Recruits 100 Staff
-----------------------------------------------------------
BBC News reports that TJ Hughes's Sheffield store that was saved
from closure when the firm went into administration is reopening
after a refurbishment.

Sheffield store now has a revamped interior and so far 100 staff
has been recruited, including some who had previously been made
redundant, according to BBC News.  The report relates that the
discount department store's outlets were sold to Lewis's Home
Retail.

BBC News notes that store manager Marie Catchpole said the firm
was still trying to fill dozens of vacancies in Sheffield.

As reported in the Troubled Company Reporter-Europe on Aug. 1,
2011, TJ Hughes entered into administration on June 30, 2011.
Tom Jack and Simon Allport from Ernst & Young were appointed as
joint administrators.  Birmingham Mail said that more than 400
West Midland workers are facing a race against time to save
following the announcement.  Warrington Guardian disclosed that
six stores had already been sold on and administrators were
hoping to find more buyers for the remaining stores.

                         About TJ Hughes

Based in Liverpool, United Kingdom, T J Hughes operates discount
department stores, specializing in home and fashion, garden
furniture, fragrance, cosmetics, menswear, womens-wear, toys, and
electrical items.  TJ Hughes operates 57 department stores
throughout the United Kingdom.


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


* Large Companies with Insolvent Balance Sheets
-----------------------------------------------

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

AUSTRIA
-------
CHRIST WATER TEC     CWTE IX      -5754285.054  165995618.1
CHRIST WATER TEC     8131204Q GR  -5754285.054  165995618.1
CHRIST WATER TEC     CWT EU       -5754285.054  165995618.1
CHRIST WATER TEC     CWT PZ       -5754285.054  165995618.1
CHRIST WATER TEC     CRSWF US     -5754285.054  165995618.1
CHRIST WATER TEC     CWT AV       -5754285.054  165995618.1
CHRIST WATER TEC     CWT EO       -5754285.054  165995618.1
CHRIST WATER-ADR     CRSWY US     -5754285.054  165995618.1
KA FINANZ AG         3730Z AV     -9072224.934  22043329918
LIBRO AG             LIBR AV      -110486313.8    174004185
LIBRO AG             LIB AV       -110486313.8    174004185
LIBRO AG             LB6 GR       -110486313.8    174004185
LIBRO AG             LBROF US     -110486313.8    174004185
S&T SYSTEM I-ADR     STSQY US     -31284693.65  200208144.5
S&T SYSTEM INTEG     SYA GR       -31284693.65  200208144.5
S&T SYSTEM INTEG     SNTS ES      -31284693.65  200208144.5
S&T SYSTEM INTEG     STSQF US     -31284693.65  200208144.5
S&T SYSTEM INTEG     SYA EX       -31284693.65  200208144.5
S&T SYSTEM INTEG     SNT EU       -31284693.65  200208144.5
S&T SYSTEM INTEG     SYAG IX      -31284693.65  200208144.5
S&T SYSTEM INTEG     SLSYF US     -31284693.65  200208144.5
S&T SYSTEM INTEG     SNTS IX      -31284693.65  200208144.5
S&T SYSTEM INTEG     SNTA PZ      -31284693.65  200208144.5
S&T SYSTEM INTEG     SNT EO       -31284693.65  200208144.5
S&T SYSTEM INTEG     SNT AV       -31284693.65  200208144.5
SKYEUROPE            SKY PW       -89480492.56  159076577.5
SKYEUROPE            SKYP PW      -89480492.56  159076577.5
SKYEUROPE HLDG       SKYA PZ      -89480492.56  159076577.5
SKYEUROPE HLDG       SKURF US     -89480492.56  159076577.5
SKYEUROPE HLDG       SKYPLN EU    -89480492.56  159076577.5
SKYEUROPE HLDG       SKYV IX      -89480492.56  159076577.5
SKYEUROPE HLDG       SKY EU       -89480492.56  159076577.5
SKYEUROPE HLDG       SKY AV       -89480492.56  159076577.5
SKYEUROPE HLDG       SKY EO       -89480492.56  159076577.5
SKYEUROPE HLDG       SKY LI       -89480492.56  159076577.5
SKYEUROPE HLDG       SKYPLN EO    -89480492.56  159076577.5
SKYEUROPE HLDG       S8E GR       -89480492.56  159076577.5
SKYEUROPE HOL-RT     SK1 AV       -89480492.56  159076577.5

BELGIUM
-------
ANTWERP GATEWAY      496769Z BB    -51947070.5  266390692.5
BALTA SARL           3679528Z BB  -213655263.9  956320938.3
BIO ANALYTICAL R     3723198Z BB  -41974594.66  193574592.4
COMPAGIMMOBDU BR     3727538Z BB  -5867835.156  164809982.4
EON BELGIUM NV       3730258Z BB  -8101077.851  251156828.9
EXPLORER NV          4289181Z BB  -11594573.86  281605390.1
FINANCIETOREN NV     3729210Z BB  -42317802.71  777656536.7
IRUS ZWEIBRUCKEN     3738979Z BB  -12563627.16    113270540
JULIE LH BVBA        3739923Z BB  -25317190.48  175772641.2
KIA MOTORS BELGI     3729658Z BB  -40305545.64  136441397.8
KOREAN MOTOR CO      4161341Z BB  -6368236.209  149093852.6
LAND VAN HOP NV      3727898Z BB  -141334.2956  138885001.8
SABENA SA            SABA BB      -85494497.66   2215341060
SAPPI EUROPE SA      3732894Z BB  -119299289.7  158958659.1
SCARLET BELGIUM      4171157Z BB  -28951978.94  137456538.4
SCARLETT BUSINES     3724850Z BB  -71847152.77    130053838
SOCIETE NATIONAL     3726762Z BB  -39045394.16  506987115.6
UNIVERSAL MUSIC      3738307Z BB  -12191533.66  143700285.8

CROATIA
-------
BADEL 1862 DD        BD62RA CZ    -14314922.98  136681894.4
MAGMA DD             MGMARA CZ    -6945891.192  118172308.3
OT OPTIMA TELEKO     2299892Z CZ  -83005841.81  114547056.6
OT-OPTIMA TELEKO     OPTERA CZ    -83005841.81  114547056.6

CYPRUS
------
LIBRA HOLIDA-RTS     LBR CY       -39648682.41  209021322.6
LIBRA HOLIDA-RTS     LGWR CY      -39648682.41  209021322.6
LIBRA HOLIDAY-RT     3167808Z CY  -39648682.41  209021322.6
LIBRA HOLIDAYS       LHGCYP EO    -39648682.41  209021322.6
LIBRA HOLIDAYS       LHGCYP EU    -39648682.41  209021322.6
LIBRA HOLIDAYS       LHGR CY      -39648682.41  209021322.6
LIBRA HOLIDAYS G     LHG CY       -39648682.41  209021322.6
LIBRA HOLIDAYS G     LHG EO       -39648682.41  209021322.6
LIBRA HOLIDAYS G     LHG PZ       -39648682.41  209021322.6
LIBRA HOLIDAYS G     LHG EU       -39648682.41  209021322.6
LIBRA HOLIDAYS-P     LBHG PZ      -39648682.41  209021322.6
LIBRA HOLIDAYS-P     LBHG CY      -39648682.41  209021322.6

CZECH REPUBLIC
--------------
CKD PRAHA HLDG       CKDH US      -89435858.16    192305153
CKD PRAHA HLDG       CDP EX       -89435858.16    192305153
CKD PRAHA HLDG       CKDPF US     -89435858.16    192305153
CKD PRAHA HLDG       CKDH CP      -89435858.16    192305153
CKD PRAHA HLDG       297687Q GR   -89435858.16    192305153
CSA AS               1000Z CP     -127978073.4    432492914
SETUZA AS            2994767Q EO  -61453764.17  138582273.6
SETUZA AS            SETUZA PZ    -61453764.17  138582273.6
SETUZA AS            SZA GR       -61453764.17  138582273.6
SETUZA AS            SETU IX      -61453764.17  138582273.6
SETUZA AS            SETUZA CP    -61453764.17  138582273.6
SETUZA AS            2994763Q EU  -61453764.17  138582273.6
SETUZA AS            2994755Q EU  -61453764.17  138582273.6
SETUZA AS            2994759Q EO  -61453764.17  138582273.6
SETUZA AS            SZA EX       -61453764.17  138582273.6

DENMARK
-------
AB-B NEW             ABBN DC      -101428498.9  298588010.2
AKADEMISK BOLDK      ABB DC       -101428498.9  298588010.2
BRIGHTPOINT EURO     4506883Z DC  -18616347.98  189113937.7
CARLSBERG IT A/S     4503891Z DC  -47250912.74  105417004.1
CIMBER STERLING      CIMBE EU     -5227729.374  192575897.9
CIMBER STERLING      CIMBER DC    -5227729.374  192575897.9
CIMBER STERLING      CIMBE EO     -5227729.374  192575897.9
CIMBER STERLING      CIMBER BY    -5227729.374  192575897.9
ELITE SHIPPING       ELSP DC      -27715991.74  100892900.3
FINANSIERINGSSEL     3977156Z DC  -2410332.543  110737536.3
GREEN WIND ENERG     G7W1 GR      -11320362.72  176234029.6
GREEN WIND ENERG     GW EO        -11320362.72  176234029.6
GREEN WIND ENERG     GW BY        -11320362.72  176234029.6
GREEN WIND ENERG     G7W GR       -11320362.72  176234029.6
GREEN WIND ENERG     GW DC        -11320362.72  176234029.6
GREEN WIND ENERG     GWEUR EO     -11320362.72  176234029.6
GREEN WIND ENERG     GW PZ        -11320362.72  176234029.6
GREEN WIND ENERG     GWEUR EU     -11320362.72  176234029.6
GREEN WIND ENERG     GW EU        -11320362.72  176234029.6
HOLDINGSELSKABET     BOHC IX      -11320362.72  176234029.6
HOLDINGSELSKABET     BODIL DC     -11320362.72  176234029.6
LAURITZEN TANKER     3979732Z DC  -4428758.299  209128194.8
NATURGAS FYN DIS     3984844Z DC  -2862743.662    194651527
NESTLE DANMARK A     3896690Z DC  -31272771.75    160779148
OBTEC                OBTEC DC     -16220512.31    156484311
OBTEC                OBT DC       -16220512.31    156484311
OBTEC-NEW SHARES     OBTECN DC    -16220512.31    156484311
OBTEC-OLD            OBTN DC      -16220512.31    156484311
ORESUNDSBRO KONS     1015Z SS     -583944155.3   3614975702
OSTERFALLEDPARKE     3985676Z DC  -26063679.19  302533679.4
OW SUPPLY & TRAD     3986892Z DC    -4299263.6  165798948.6
REITAN SERVICEHA     3984284Z DC  -1371178.576    127192706
ROSKILDE BANK        RSKC IX      -532868840.9   7876687324
ROSKILDE BANK        ROSBF US     -532868840.9   7876687324
ROSKILDE BANK        ROSK PZ      -532868840.9   7876687324
ROSKILDE BANK        ROSK DC      -532868840.9   7876687324
ROSKILDE BANK        ROSK EU      -532868840.9   7876687324
ROSKILDE BANK        ROSKF US     -532868840.9   7876687324
ROSKILDE BANK        ROSK EO      -532868840.9   7876687324
ROSKILDE BANK        RKI GR       -532868840.9   7876687324
ROSKILDE BANK-RT     916603Q DC   -532868840.9   7876687324
ROSKILDE BAN-NEW     ROSKN DC     -532868840.9   7876687324
ROSKILDE BAN-RTS     ROSKT DC     -532868840.9   7876687324
SCANDINAVIAN BRA     SBSC IX      -16220512.31    156484311
SCANDINAVIAN BRA     SBS1EUR EU   -16220512.31    156484311
SCANDINAVIAN BRA     SBSD PZ      -16220512.31    156484311
SCANDINAVIAN BRA     SBS1 BY      -16220512.31    156484311
SCANDINAVIAN BRA     SBS DC       -16220512.31    156484311
SCANDINAVIAN BRA     SBS1EUR EO   -16220512.31    156484311
SCANDINAVIAN BRA     SBS1 EU      -16220512.31    156484311
SCANDINAVIAN BRA     SBS1 EO      -16220512.31    156484311
SCHAUMANN PROP       SCHAUP EU    -101428498.9  298588010.2
SCHAUMANN PROP       SCHAUP DC    -101428498.9  298588010.2
SCHAUMANN PROP       SCHAUP PZ    -101428498.9  298588010.2
SCHAUMANN PROP       SCHAU BY     -101428498.9  298588010.2
SCHAUMANN PROP       SCHAU EO     -101428498.9  298588010.2
SCHAUMANN PROP       SCHAUEUR EO  -101428498.9  298588010.2
SCHAUMANN PROP       SCHAUEUR EU  -101428498.9  298588010.2
SCHAUMANN PROP       SCHAU EU     -101428498.9  298588010.2

FRANCE
------
3 SUISSES FRANCE     4724713Z FP  -151969329.6    262408720
ACERINOX FRANCE      4748633Z FP  -4970414.587  106673210.6
AIR COMMAND SYST     4470055Z FP  -24012413.92  236706831.5
AIRCELLE             61830Q FP    -627210407.1   1037716117
AKERYS SERVICES      4685937Z FP  -8561729.525  141611798.1
ALCATEL-LUCENT E     3642975Z FP  -46648079.19  510672247.2
ALCATEL-LUCENT F     3647063Z FP  -566942548.5   4810123614
AL-KHATTIYA LEAS     4783713Z FP   -8522159.06  132815959.7
ALUMINIUM PECHIN     3650903Z FP  -469114028.7   1322244624
ARIANESPACE          211530Z FP   -51743991.45   3354710780
ATARI                IFOE PZ      -5534100.115  138494402.9
ATARI SA             IFGA GR      -5534100.115  138494402.9
ATARI SA             ATA EB       -5534100.115  138494402.9
ATARI SA             ATA QM       -5534100.115  138494402.9
ATARI SA             ATA FP       -5534100.115  138494402.9
ATARI SA             ATA EU       -5534100.115  138494402.9
ATARI SA             IFGA TH      -5534100.115  138494402.9
ATARI SA             ATA S1       -5534100.115  138494402.9
ATARI SA             ATA TQ       -5534100.115  138494402.9
ATARI SA             ATA PZ       -5534100.115  138494402.9
ATARI SA             ATA BQ       -5534100.115  138494402.9
ATARI SA             ATANV FP     -5534100.115  138494402.9
ATARI SA             ATA EO       -5534100.115  138494402.9
ATARI-NEW            3715502Q FP  -5534100.115  138494402.9
AUTOMOBILES CITR     3648863Z FP  -298695778.9   1879542934
BELVEDERE            BVD PW       -242409144.5  831869150.8
BELVEDERE - RTS      554451Q FP   -242409144.5  831869150.8
BELVEDERE - RTS      702036Q FP   -242409144.5  831869150.8
BELVEDERE SA         BVD PZ       -242409144.5  831869150.8
BELVEDERE SA         BVD EO       -242409144.5  831869150.8
BELVEDERE SA         BED TH       -242409144.5  831869150.8
BELVEDERE SA         BELV NM      -242409144.5  831869150.8
BELVEDERE SA         BVDRF US     -242409144.5  831869150.8
BELVEDERE SA         BEVD IX      -242409144.5  831869150.8
BELVEDERE SA         BELV FP      -242409144.5  831869150.8
BELVEDERE SA         BVD FP       -242409144.5  831869150.8
BELVEDERE SA         BED GR       -242409144.5  831869150.8
BELVEDERE SA         BVD EU       -242409144.5  831869150.8
BELVEDERE SA         BVD S1       -242409144.5  831869150.8
BELVEDERE SA-NEW     BVDNV FP     -242409144.5  831869150.8
BELVEDERE SA-NEW     8198283Q FP  -242409144.5  831869150.8
BELVEDERE SA-NEW     946529Q FP   -242409144.5  831869150.8
BELVEDERE SA-RTS     BVDDS FP     -242409144.5  831869150.8
BENP LILLEBONNE      4507291Z FP  -14494480.15  341710346.6
BOURBON SA           GBBUSD EO       -1.24E+11   5086583847
BOURBON SA           GBB PZ          -1.24E+11   5086583847
BOURBON SA           GBB EO          -1.24E+11   5086583847
BOURBON SA           GBB EU          -1.24E+11   5086583847
BOURBON SA           GBB GK          -1.24E+11   5086583847
BOURBON SA           BOUBF US        -1.24E+11   5086583847
BOURBON SA           GSH GR          -1.24E+11   5086583847
BOURBON SA           GBBGBX EU       -1.24E+11   5086583847
BOURBON SA           GBB BQ          -1.24E+11   5086583847
BOURBON SA           GBBGBP EO       -1.24E+11   5086583847
BOURBON SA           GBBUSD EU       -1.24E+11   5086583847
BOURBON SA           GBB FP          -1.24E+11   5086583847
BOURBON SA           GPBN IX         -1.24E+11   5086583847
BOURBON SA           GBB S1          -1.24E+11   5086583847
BOURBON SA           GBB EB          -1.24E+11   5086583847
BOURBON SA           3320185Z FP     -1.24E+11   5086583847
BOURBON SA           GBBGBX EO       -1.24E+11   5086583847
BOURBON SA           GBB NQ          -1.24E+11   5086583847
BOURBON SA           GBB IX          -1.24E+11   5086583847
BOURBON SA           GSH TH          -1.24E+11   5086583847
BOURBON SA           GBB TQ          -1.24E+11   5086583847
BOURBON SA           GBB LI          -1.24E+11   5086583847
BOURBON SA           GBB QM          -1.24E+11   5086583847
BOURBON SA - NEW     3510282Q FP     -1.24E+11   5086583847
BOURBON SA - NEW     GBBNV FP        -1.24E+11   5086583847
BOURBON SA - NEW     8130287Q FP     -1.24E+11   5086583847
BOURBON SA - RTS     8446802Z FP     -1.24E+11   5086583847
BOURBON SA/NEW       879958Q FP      -1.24E+11   5086583847
CADES                211430Z FP      -1.32E+11   9983888303
CARCOOP FRANCE       4690569Z FP  -531951.7338  185621693.8
CARI SAS             4509915Z FP  -10848329.91  182415382.5
CARREFOUR HYPERM     3897338Z FP    -419813693   4772178623
CARREFOUR IMPORT     4519455Z FP  -41015523.06  355888577.4
CARRERE GROUP        CARF PZ      -9829531.944    279906700
CARRERE GROUP        CARG FP      -9829531.944    279906700
CARRERE GROUP        CRRHF US     -9829531.944    279906700
CARRERE GROUP        CAR2 EO      -9829531.944    279906700
CARRERE GROUP        XRR GR       -9829531.944    279906700
CARRERE GROUP        CRGP IX      -9829531.944    279906700
CARRERE GROUP        CAR FP       -9829531.944    279906700
CARRERE GROUP        CAR2 EU      -9829531.944    279906700
CDISCOUNT            4690913Z FP  -92485.81144  331210839.3
CELINE SA            3636031Z FP  -6546413.145    108306445
CMA CGM AGENCES      4746849Z FP  -7380117.985  187789703.7
CO PETROCHIMIQUE     4682369Z FP  -79561628.19  444321642.5
COMPAGNIE IMMOBI     CIMB FP      -18851260.64  237751743.8
COMPAGNIE IMMOBI     CIMB S1      -18851260.64  237751743.8
COMPAGNIE IMMOBI     CIMB EO      -18851260.64  237751743.8
COMPAGNIE IMMOBI     CIMB EU      -18851260.64  237751743.8
COMPAGNIE IMMOBI     CIMB PZ      -18851260.64  237751743.8
CSF                  3635887Z FP  -66127486.72   3311857250
DESCAMPS SAS         4503139Z FP  -2912961.458  104843475.7
EADS SECA            4706441Z FP  -38679556.91  142045208.8
EDENRED              EDEN S1       -1395452285   5596512266
EDENRED              EDEN QM       -1395452285   5596512266
EDENRED              EDNMF US      -1395452285   5596512266
EDENRED              EDEN EU       -1395452285   5596512266
EDENRED              EDEN BQ       -1395452285   5596512266
EDENRED              EDEN PZ       -1395452285   5596512266
EDENRED              EDEN EO       -1395452285   5596512266
EDENRED              EDEN IX       -1395452285   5596512266
EDENRED              QSV GR        -1395452285   5596512266
EDENRED              EDEN FP       -1395452285   5596512266
EDENRED              EDENUSD EU    -1395452285   5596512266
EDENRED              QSV TH        -1395452285   5596512266
EDENRED              EDEN TQ       -1395452285   5596512266
EDENRED              EDENUSD EO    -1395452285   5596512266
EDENRED              EDEN EB       -1395452285   5596512266
EDF EN FRANCE        4686529Z FP  -4085423.459  508820792.6
EDF EN OUTRE MER     4679713Z FP  -2598508.843  158364874.7
EMPAIN GRAHAM DV     EMGD FP      -18851260.64  237751743.8
FRANFINANCE LOCA     4689993Z FP  -69780982.12   1638852912
GRANDE PAROISSE      GAPA FP      -927267926.9    629287290
GRANDE PAROISSE      GDPA FP      -927267926.9    629287290
GRANDE PAROISSE      GDPXF US     -927267926.9    629287290
GROUPE BOURBON       BOUR FP         -1.24E+11   5086583847
GROUPE BOURBON       GPBJF US        -1.24E+11   5086583847
GROUPE MONITEUR      317840Z FP   -116707395.4  610106709.3
GROUPE PROGRES S     4734137Z FP  -165060841.9  123458910.5
HP ENTREPRISE SE     4698081Z FP  -97546439.37  116383810.4
HUREL-DUBOIS         HDUN FP      -627210407.1   1037716117
I BASE               757542Z FP   -11937366.64  400192956.6
INFOGRAMES - REG     IFOE IX      -5534100.115  138494402.9
INFOGRAMES - REG     IFG TQ       -5534100.115  138494402.9
INFOGRAMES - REG     IFG EU       -5534100.115  138494402.9
INFOGRAMES - REG     IFG FP       -5534100.115  138494402.9
INFOGRAMES - REG     IFG EO       -5534100.115  138494402.9
INFOGRAMES E-NEW     IFGN FP      -5534100.115  138494402.9
INFOGRAMES ENT       IFGNR FP     -5534100.115  138494402.9
INFOGRAMES ENT       IFOY IX      -5534100.115  138494402.9
INFOGRAMES ENT       IFGEF US     -5534100.115  138494402.9
INFOGRAMES ENT       IFG PZ       -5534100.115  138494402.9
INFOGRAMES ENT       2986980Q EU  -5534100.115  138494402.9
INFOGRAMES ENT       IFG GR       -5534100.115  138494402.9
INFOGRAMES ENT       2986984Q EO  -5534100.115  138494402.9
INFOGRAMES ENTMT     IFG VX       -5534100.115  138494402.9
INFOGRAMES ENTMT     IFGRF US     -5534100.115  138494402.9
INFOGRAMES- RTS      IFGDS FP     -5534100.115  138494402.9
INFOGRAMES-NEW       IFGNV FP     -5534100.115  138494402.9
INFOGRAMES-RTS       3133246Q FP  -5534100.115  138494402.9
ING LEASE FRANCE     4699881Z FP  -49994620.93  363520475.8
ISOCHEM SA           3540732Z FP  -9354435.203  103629611.4
ITM REGION PARIS     4681817Z FP  -49662079.76  124321085.9
JACQUOT ET CO        4721473Z FP  -25605144.44  101591294.6
JTEKT AUTOMOTIVE     4505819Z FP  -14610384.74    211911630
JTEKT AUTOMOTIVE     4504595Z FP  -17492036.59    163375360
JUNGHEINRICH FIN     4635025Z FP  -14429677.13  223424949.4
LAB DOLISOS          DOLI FP      -27752176.19  110485462.4
LAB DOLISOS          LADL FP      -27752176.19  110485462.4
LENOVO FRANCE SA     4710049Z FP  -1944677.438  137134536.2
MATUSSIERE & FOR     MTUSF US     -77896689.09  293868350.8
MATUSSIERE & FOR     1007765Q FP  -77896689.09  293868350.8
MILLIMAGES           MLIGF US     -1006050.249  113454378.9
MILLIMAGES           MIL S1       -1006050.249  113454378.9
MILLIMAGES           MIL1 EO      -1006050.249  113454378.9
MILLIMAGES           MILF PZ      -1006050.249  113454378.9
MILLIMAGES           MG6 GR       -1006050.249  113454378.9
MILLIMAGES           MILI FP      -1006050.249  113454378.9
MILLIMAGES           8131905Q FP  -1006050.249  113454378.9
MILLIMAGES           MIL1 PZ      -1006050.249  113454378.9
MILLIMAGES           MLMG IX      -1006050.249  113454378.9
MILLIMAGES           MIL FP       -1006050.249  113454378.9
MILLIMAGES           MIL1 EU      -1006050.249  113454378.9
MILLIMAGES - RTS     MILDS FP     -1006050.249  113454378.9
MILLIMAGES-RTS       760037Q FP   -1006050.249  113454378.9
MVCI HOLIDAYS FR     4524959Z FP  -112193151.3  233381369.4
NESTLE WATERS SU     3634887Z FP    -100198554  212766860.3
NESTLE WATERS SU     3634879Z FP  -166540192.4  357871830.8
NEXANS COPPER FR     4744809Z FP  -22662074.82  308626962.2
NORDEX FRANCE SA     4521679Z FP  -6460150.538  206115454.1
NOVELIS FOIL FRA     4678593Z FP  -7951381.035  121719315.4
NOVEXEL SA           504169Z FP   -362303.7226  107272250.4
NRJ 12               4681713Z FP  -41481124.19  112522117.5
OROSDI               OROS EU      -51389802.68  181267113.2
OROSDI               OROS FP      -51389802.68  181267113.2
OROSDI               OROS S1      -51389802.68  181267113.2
OROSDI               OROS PZ      -51389802.68  181267113.2
OROSDI               OROS EO      -51389802.68  181267113.2
OROSDI-BACK          ORBA FP      -51389802.68  181267113.2
OROSDI-BACK          BACK IX      -51389802.68  181267113.2
PAGESJAUNES GRP      PAJ BQ        -3184867284   1167307980
PAGESJAUNES GRP      PAJGBX EU     -3184867284   1167307980
PAGESJAUNES GRP      PAJ EO        -3184867284   1167307980
PAGESJAUNES GRP      PAJ TQ        -3184867284   1167307980
PAGESJAUNES GRP      PAJUSD EO     -3184867284   1167307980
PAGESJAUNES GRP      PAJ PZ        -3184867284   1167307980
PAGESJAUNES GRP      PAJ VX        -3184867284   1167307980
PAGESJAUNES GRP      PAJ EB        -3184867284   1167307980
PAGESJAUNES GRP      QS3 TH        -3184867284   1167307980
PAGESJAUNES GRP      PAJ NQ        -3184867284   1167307980
PAGESJAUNES GRP      PAJ LI        -3184867284   1167307980
PAGESJAUNES GRP      PGJUF US      -3184867284   1167307980
PAGESJAUNES GRP      PAJ FP        -3184867284   1167307980
PAGESJAUNES GRP      PAJGBX EO     -3184867284   1167307980
PAGESJAUNES GRP      PAJ QM        -3184867284   1167307980
PAGESJAUNES GRP      PAJ IX        -3184867284   1167307980
PAGESJAUNES GRP      PAJ S1        -3184867284   1167307980
PAGESJAUNES GRP      PAJGBP EO     -3184867284   1167307980
PAGESJAUNES GRP      PAJUSD EU     -3184867284   1167307980
PAGESJAUNES GRP      PAJ GK        -3184867284   1167307980
PAGESJAUNES GRP      PAJ EU        -3184867284   1167307980
PAGESJAUNES GRP      QS3 GR        -3184867284   1167307980
PAGESJAUNES GRP      PAJP IX       -3184867284   1167307980
PEUGEOT CITROEN      3637183Z FP  -268215289.1  319403481.8
PITNEY BOWES         4634633Z FP  -11785422.82  184422748.8
REGIE PUBLICITAI     4691033Z FP  -5262294.526  112402724.7
REGIONAL COMPAGN     3635823Z FP  -11262048.65  587139828.4
RESEAU FERRE FRA     224063Z FP    -1967529685  70147358617
RHODIA SA            RHA BQ       -72552001.48   7951699362
RHODIA SA            RHDI TH      -72552001.48   7951699362
RHODIA SA            RHA EB       -72552001.48   7951699362
RHODIA SA            RHAGBP EO    -72552001.48   7951699362
RHODIA SA            2324015Q EO  -72552001.48   7951699362
RHODIA SA            RHADF US     -72552001.48   7951699362
RHODIA SA            RHANR PZ     -72552001.48   7951699362
RHODIA SA            RHD GR       -72552001.48   7951699362
RHODIA SA            RHAGBX EU    -72552001.48   7951699362
RHODIA SA            RHA VX       -72552001.48   7951699362
RHODIA SA            2324011Q EU  -72552001.48   7951699362
RHODIA SA            RHA TQ       -72552001.48   7951699362
RHODIA SA            RHA FP       -72552001.48   7951699362
RHODIA SA            RHDAF US     -72552001.48   7951699362
RHODIA SA            RHAGBX EO    -72552001.48   7951699362
RHODIA SA            RHAUSD EO    -72552001.48   7951699362
RHODIA SA            RHA S1       -72552001.48   7951699362
RHODIA SA            RHAY IX      -72552001.48   7951699362
RHODIA SA            RHA NQ       -72552001.48   7951699362
RHODIA SA            RHA IX       -72552001.48   7951699362
RHODIA SA            RHA GK       -72552001.48   7951699362
RHODIA SA            3218857Q IX  -72552001.48   7951699362
RHODIA SA            RHA QM       -72552001.48   7951699362
RHODIA SA            RHA PZ       -72552001.48   7951699362
RHODIA SA            RHA EO       -72552001.48   7951699362
RHODIA SA            RHAUSD EU    -72552001.48   7951699362
RHODIA SA            RHDI GR      -72552001.48   7951699362
RHODIA SA            RHA EU       -72552001.48   7951699362
RHODIA SA - NEW      3506266Q FP  -72552001.48   7951699362
RHODIA SA - NEW      8125782Q FP  -72552001.48   7951699362
RHODIA SA - NEW      RHANV FP     -72552001.48   7951699362
RHODIA SA - NEW      2335921Q FP  -72552001.48   7951699362
RHODIA SA - NEW      3156011Q FP  -72552001.48   7951699362
RHODIA SA-ADR        RHAYY US     -72552001.48   7951699362
RHODIA SA-NON RE     RHANR FP     -72552001.48   7951699362
RHODIA SA-RIGHTS     RHADS FP     -72552001.48   7951699362
RHODIA SA-RIGHTS     653447Q FP   -72552001.48   7951699362
RL INVEST SAS        4700369Z FP  -21424084.29    103412643
RODRIGUEZ GROUP      ROD FP        -38195223.8    238732565
RODRIGUEZ GROUP      RRGZF US      -38195223.8    238732565
RODRIGUEZ GROUP      ROD TQ        -38195223.8    238732565
RODRIGUEZ GROUP      ROD BQ        -38195223.8    238732565
RODRIGUEZ GROUP      ROD PZ        -38195223.8    238732565
RODRIGUEZ GROUP      ROD EO        -38195223.8    238732565
RODRIGUEZ GROUP      ROD S1        -38195223.8    238732565
RODRIGUEZ GROUP      ROD EU        -38195223.8    238732565
RODRIGUEZ GROUP      RGX GR        -38195223.8    238732565
RODRIGUEZ GROUP      RDGP IX       -38195223.8    238732565
SANDOZ SAS           3635111Z FP  -18996502.07  160259044.1
SDR CENTREST         117241Q FP   -132420129.5  252176017.2
SEAFRANCE            1707464Z FP  -1015379.945  247033398.8
SHEET ANCHOR FRA     4745417Z FP   -16938893.1  192023042.9
SIDEL CONVEYING      4715393Z FP  -57759126.57    147204049
SIEMENS VAI META     4634441Z FP  -78630983.34  175225384.5
SOC NICOISE REAL     4749097Z FP  -6176043.591  112289722.4
SOCIETE COMMERCI     4516647Z FP  -179862008.2   1576030746
SOCIETE D'AGENCE     4741441Z FP  -3996843.897  267209404.9
SOCIETE DE CHAUF     4722937Z FP  -11549371.73  107340406.8
STE DU 67 BD DU      4686753Z FP  -550297.9006  103136595.7
STORA ENSO CORBE     4697593Z FP  -932413.9939  163080772.7
SU3 SAS              4686497Z FP  -11118401.88    105002034
TEAM PARTNER-RTS     633323Q FP   -13557467.93    129831049
TEAM PARTNER-RTS     2841653Q FP  -13557467.93    129831049
TEAM PARTNERS        TIP FP       -13557467.93    129831049
TEAM PARTNERS        TIP PZ       -13557467.93    129831049
TEAM PARTNERS        TPTRF US     -13557467.93    129831049
TEAM PARTNERS        2347985Q EO  -13557467.93    129831049
TEAM PARTNERS        TPGY IX      -13557467.93    129831049
TEAM PARTNERS        2347981Q EU  -13557467.93    129831049
TEAM PARTNERS GR     TIPDS FP     -13557467.93    129831049
TEAM PARTNERS GR     TPGP PZ      -13557467.93    129831049
TEAM PARTNERS GR     TIPA FP      -13557467.93    129831049
TEAM PARTNERS GR     TIPA EO      -13557467.93    129831049
TEAM PARTNERS GR     TIPA EU      -13557467.93    129831049
TEAM PARTNERS GR     TIPNV FP     -13557467.93    129831049
TEAM PARTNERS GR     TPGP IX      -13557467.93    129831049
TEAM PARTNERS-N      TIPN FP      -13557467.93    129831049
TF1 VIDEO SASU       4516855Z FP  -1279245.403  166278795.5
THALES SECURITY      4701729Z FP  -426153529.7  822653430.4
THOMSON TELECOM      4516815Z FP  -35805908.77  528384056.4
THYSSENKRUPP SOF     4740929Z FP  -18052289.45  299682634.2
TRANSOLVER SERVI     4521279Z FP  -38102696.91    161124216
TREVES               4722153Z FP  -70096913.54  394781399.9
TROUVAY CAUVIN       ETEC FP      -396977.8818  133986439.7
TROUVAY CAUVIN       TVYCF US     -396977.8818  133986439.7
TUILERIES FINANC     4701769Z FP  -3956839.937  125936634.2
UCALEASE SA          3635807Z FP  -1041989.142  150621028.5
VALEO VISION SAS     4518479Z FP    -102634627  273699726.4
VISTEON SYSTEMES     4699177Z FP  -149790335.3  304741135.7
YVES ST LAURENT/     4633025Z FP  -82897369.68  390343397.3

GEORGIA
-------
DEVELICA DEUTSCH     D4B GR       -79827494.88   1139643575
DEVELICA DEUTSCH     DDE LN       -79827494.88   1139643575
DEVELICA DEUTSCH     DDE PZ       -79827494.88   1139643575
DEVELICA DEUTSCH     DDE PG       -79827494.88   1139643575
DEVELICA DEUTSCH     DDE IX       -79827494.88   1139643575
PEARL HOLDING        3622Z LN     -133833007.2  968234065.8

GERMANY
-------
AGOR AG              DOO S1       -482449.8788  144432986.2
AGOR AG              NDAGF US     -482449.8788  144432986.2
AGOR AG              DOO EU       -482449.8788  144432986.2
AGOR AG              DOOD PZ      -482449.8788  144432986.2
AGOR AG              DOO GR       -482449.8788  144432986.2
AGOR AG              DOOG IX      -482449.8788  144432986.2
AGOR AG              DOO EO       -482449.8788  144432986.2
AGOR AG-RTS          2301918Z GR  -482449.8788  144432986.2
ALNO AG              ANO S1       -73119134.74  198564619.3
ALNO AG              ANO EU       -73119134.74  198564619.3
ALNO AG              ANO GR       -73119134.74  198564619.3
ALNO AG              ANO TH       -73119134.74  198564619.3
ALNO AG              ANO EO       -73119134.74  198564619.3
ALNO AG              ANO PZ       -73119134.74  198564619.3
ALNO AG              ALNO IX      -73119134.74  198564619.3
ALNO AG - RTS        ANO2 GR      -73119134.74  198564619.3
ALNO AG-NEW          ANO1 GR      -73119134.74  198564619.3
ALNO AG-RTS          8174351Z GR  -73119134.74  198564619.3
ALNO AG-RTS          2259765Z GR  -73119134.74  198564619.3
ALNO AG-RTS          4123912Z GR  -73119134.74  198564619.3
ATRONIC INTERNAT     504688Z GR   -30668737.79  163495101.6
BROKAT AG            BRKAF US     -27139603.03  143536830.1
BROKAT AG            BKISF US     -27139603.03  143536830.1
BROKAT AG            BROAF US     -27139603.03  143536830.1
BROKAT AG            BROFQ US     -27139603.03  143536830.1
BROKAT AG -NEW       BRJ1 GR      -27139603.03  143536830.1
BROKAT AG -NEW       BRJ1 NM      -27139603.03  143536830.1
BROKAT AG-ADR        BROA US      -27139603.03  143536830.1
BROKAT TECH -ADR     BROAQ US     -27139603.03  143536830.1
BROKAT TECH AG       BRJ GR       -27139603.03  143536830.1
BROKAT TECH AG       BSA LN       -27139603.03  143536830.1
BROKAT TECH AG       BRJ NM       -27139603.03  143536830.1
BROKAT TECH-ADR      BRJA GR      -27139603.03  143536830.1
CBB HOLDING AG       COB GR       -42994818.04  904723627.8
CBB HOLDING AG       COBG IX      -42994818.04  904723627.8
CBB HOLDING AG       COBG PZ      -42994818.04  904723627.8
CBB HOLDING AG       COB2 EU      -42994818.04  904723627.8
CBB HOLDING AG       COB2 EO      -42994818.04  904723627.8
CBB HOLDING AG       CUBDF US     -42994818.04  904723627.8
CBB HOLDING-NEW      COB3 GR      -42994818.04  904723627.8
CBB HOLDING-NEW      COB1 GR      -42994818.04  904723627.8
CBB HOLD-NEW 97      COB2 GR      -42994818.04  904723627.8
COGNIS GMBH          575202Z GR   -745013993.7   3306935972
COGNIS HOLDING G     635952Z GR    -1587896974   2850475613
COMPASS GROUP DE     3896530Z GR  -45713969.85  408640427.9
DFS DEUTSCHE FLU     1070Z GR     -362698323.5   1370382283
DORT ACTIEN-BRAU     944167Q GR   -12689156.29  117537053.7
DORT ACTIEN-RTS      DAB8 GR      -12689156.29  117537053.7
EDOB ABWICKLUNGS     ESC TQ       -22323468.51  425598807.8
EDOB ABWICKLUNGS     ESC EU       -22323468.51  425598807.8
EDOB ABWICKLUNGS     ESC PZ       -22323468.51  425598807.8
EDOB ABWICKLUNGS     ESC GR       -22323468.51  425598807.8
EDOB ABWICKLUNGS     ESC TH       -22323468.51  425598807.8
EDOB ABWICKLUNGS     ESC BQ       -22323468.51  425598807.8
EDOB ABWICKLUNGS     ESC EO       -22323468.51  425598807.8
EDOB ABWICKLUNGS     ESCDF US     -22323468.51  425598807.8
EM.TV & MERCHAND     985403Q GR   -22067243.56  849175624.7
EM.TV & MERCHAND     ETV VX       -22067243.56  849175624.7
EM.TV & MERCHAND     EMTVF US     -22067243.56  849175624.7
EM.TV & MERCHAND     ETV NM       -22067243.56  849175624.7
EM.TV & MERCHAND     ETVMF US     -22067243.56  849175624.7
EM.TV & MERCHAND     ETV LN       -22067243.56  849175624.7
EM.TV & MERC-NEW     ETV1 GR      -22067243.56  849175624.7
EM.TV & MERC-NEW     ETV1 NM      -22067243.56  849175624.7
EM.TV & MERC-RTS     ETV8 NM      -22067243.56  849175624.7
EM.TV & MERC-RTS     ETV8 GR      -22067243.56  849175624.7
ESCADA AG            ESCG IX      -22323468.51  425598807.8
ESCADA AG -PFD       ESC3 GR      -22323468.51  425598807.8
ESCADA AG-NEW        ESCN EU      -22323468.51  425598807.8
ESCADA AG-NEW        ESCC GR      -22323468.51  425598807.8
ESCADA AG-NEW        3069367Q GR  -22323468.51  425598807.8
ESCADA AG-NEW        835345Q GR   -22323468.51  425598807.8
ESCADA AG-NEW        ESCD GR      -22323468.51  425598807.8
ESCADA AG-NEW        ESCN GR      -22323468.51  425598807.8
ESCADA AG-NEW        ESCN EO      -22323468.51  425598807.8
ESCADA AG-RTS        ESCE GR      -22323468.51  425598807.8
ESCADA AG-SP ADR     ESCDY US     -22323468.51  425598807.8
GENERAL ELECTRIC     4501923Z GR  -547318343.8   8720530002
GUENTHER & SOHN      GUS GR       -9612095.264    130075209
GUENTHER & SOHN      GUS EO       -9612095.264    130075209
GUENTHER & SOHN      GUS PZ       -9612095.264    130075209
GUENTHER & SOHN      GUS EU       -9612095.264    130075209
KABEL DEUTSCHLAN     KD8 BQ        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 QM        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 TH        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 IX        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 PZ        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8USD EU     -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 EU        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8GBP EO     -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 NR        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 GR        -2357298804   2892306039
KABEL DEUTSCHLAN     KBDHF US      -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 S1        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 EO        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8USD EO     -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 EB        -2357298804   2892306039
KABEL DEUTSCHLAN     KD8 TQ        -2357298804   2892306039
KABEL DEUTS-CW10     DB7KWG GR     -2357298804   2892306039
KAUFRING AG          KFR EO       -19296489.56  150995473.8
KAUFRING AG          KFR PZ       -19296489.56  150995473.8
KAUFRING AG          KFR EU       -19296489.56  150995473.8
KAUFRING AG          KFR GR       -19296489.56  150995473.8
KAUFRING AG          KAUG IX      -19296489.56  150995473.8
MAERKLIN             730904Z GR   -8321071.921  115821977.5
MANIA TECHNOLOGI     MNIG IX      -35060809.35  107465713.6
MANIA TECHNOLOGI     MNI GR       -35060809.35  107465713.6
MANIA TECHNOLOGI     MIAVF US     -35060809.35  107465713.6
MANIA TECHNOLOGI     MNI PZ       -35060809.35  107465713.6
MANIA TECHNOLOGI     MNI NM       -35060809.35  107465713.6
MANIA TECHNOLOGI     2260970Z GR  -35060809.35  107465713.6
MANIA TECHNOLOGI     MNI TH       -35060809.35  107465713.6
MANIA TECHNOLOGI     MNI1 EO      -35060809.35  107465713.6
MANIA TECHNOLOGI     MNI1 EU      -35060809.35  107465713.6
MANIA TECHNOLOGI     MNI S1       -35060809.35  107465713.6
MATERNUS KLINI-N     MAK1 GR       -14418459.3  182876466.8
MATERNUS-KLINIKE     MNUKF US      -14418459.3  182876466.8
MATERNUS-KLINIKE     MAK EU        -14418459.3  182876466.8
MATERNUS-KLINIKE     MAK S1        -14418459.3  182876466.8
MATERNUS-KLINIKE     MAK EO        -14418459.3  182876466.8
MATERNUS-KLINIKE     MAK PZ        -14418459.3  182876466.8
MATERNUS-KLINIKE     MAK TH        -14418459.3  182876466.8
MATERNUS-KLINIKE     MAK GR        -14418459.3  182876466.8
MATERNUS-KLINIKE     MAKG IX       -14418459.3  182876466.8
NORDAG AG            DOO1 GR      -482449.8788  144432986.2
NORDAG AG-PFD        DOO3 GR      -482449.8788  144432986.2
NORDAG AG-RTS        DOO8 GR      -482449.8788  144432986.2
NORDENIA INTL AG     NOD8 GR      -74471727.44  729626481.3
NORDENIA INTL AG     NOD GR       -74471727.44  729626481.3
NORDSEE AG           533061Q GR   -8200551.142  194616922.6
PRIMACOM AG          PRC2 GR      -18656751.16  610380925.7
PRIMACOM AG          PRC TH       -18656751.16  610380925.7
PRIMACOM AG          PRC S1       -18656751.16  610380925.7
PRIMACOM AG          PRCG PZ      -18656751.16  610380925.7
PRIMACOM AG          PRC EU       -18656751.16  610380925.7
PRIMACOM AG          PRCG IX      -18656751.16  610380925.7
PRIMACOM AG          PRC EO       -18656751.16  610380925.7
PRIMACOM AG          PRC GR       -18656751.16  610380925.7
PRIMACOM AG          PCAGF US     -18656751.16  610380925.7
PRIMACOM AG-ADR      PCAG US      -18656751.16  610380925.7
PRIMACOM AG-ADR      PCAGY US     -18656751.16  610380925.7
PRIMACOM AG-ADR+     PCAG ES      -18656751.16  610380925.7
RAG ABWICKL-REG      RSTHF US       -1744124.2  217776125.8
RAG ABWICKL-REG      ROS S1         -1744124.2  217776125.8
RAG ABWICKL-REG      ROS1 EO        -1744124.2  217776125.8
RAG ABWICKL-REG      ROSG PZ        -1744124.2  217776125.8
RAG ABWICKL-REG      ROS1 EU        -1744124.2  217776125.8
RAG ABWICKL-REG      ROS GR         -1744124.2  217776125.8
RINOL AG             RILB IX         -1.171602  168095049.1
RINOL AG             RILB EU         -1.171602  168095049.1
RINOL AG             RNLAF US        -1.171602  168095049.1
RINOL AG             RIL GR          -1.171602  168095049.1
RINOL AG             RILB GR         -1.171602  168095049.1
RINOL AG             RILB EO         -1.171602  168095049.1
RINOL AG             RILB S1         -1.171602  168095049.1
RINOL AG             RILB PZ         -1.171602  168095049.1
ROSENTHAL AG         2644179Q GR    -1744124.2  217776125.8
ROSENTHAL AG-ACC     ROS4 GR        -1744124.2  217776125.8
ROSENTHAL AG-ADR     RSTHY US       -1744124.2  217776125.8
ROSENTHAL AG-REG     ROSG IX        -1744124.2  217776125.8
SANDER (JIL) AG      SAD GR       -6153256.267  127546738.8
SANDER (JIL) AG      JLSDF US     -6153256.267  127546738.8
SANDER (JIL)-PRF     2916157Q EU  -6153256.267  127546738.8
SANDER (JIL)-PRF     SAD3 PZ      -6153256.267  127546738.8
SANDER (JIL)-PRF     SAD3 GR      -6153256.267  127546738.8
SANDER (JIL)-PRF     2916161Q EO  -6153256.267  127546738.8
SINNLEFFERS AG       WHG GR       -4491635.615  453887060.1
SPAR HANDELS-AG      SPHFF US     -442426239.7   1433020961
SPAR HANDELS-AG      773844Q GR   -442426239.7   1433020961
SPAR HAND-PFD NV     SPA3 GR      -442426239.7   1433020961
TA TRIUMPH-ACQ       TWNA GR      -124531131.9  313411495.3
TA TRIUMPH-ACQ       TWNA EU      -124531131.9  313411495.3
TA TRIUMPH-ADLER     TWN EO       -124531131.9  313411495.3
TA TRIUMPH-ADLER     TWN PZ       -124531131.9  313411495.3
TA TRIUMPH-ADLER     TTZAF US     -124531131.9  313411495.3
TA TRIUMPH-ADLER     TWNG IX      -124531131.9  313411495.3
TA TRIUMPH-ADLER     TWN EU       -124531131.9  313411495.3
TA TRIUMPH-ADLER     TWN GR       -124531131.9  313411495.3
TA TRIUMPH-A-RTS     1018916Z GR  -124531131.9  313411495.3
TA TRIUMPH-NEW       TWN1 GR      -124531131.9  313411495.3
TA TRIUMPH-RT        TWN8 GR      -124531131.9  313411495.3
TA TRIUMPH-RTS       3158577Q GR  -124531131.9  313411495.3
UNITYMEDIA GMBH      560459Z GR     -290585562   5747686306
UNITYMEDIA HESSE     2808647Z GR    -290585562   5747686306

GREECE
------
AG PETZETAKIS SA     PTZ GR       -110812812.5  206429374.1
AG PETZETAKIS SA     PETZK EU     -110812812.5  206429374.1
AG PETZETAKIS SA     PETZK GA     -110812812.5  206429374.1
AG PETZETAKIS SA     PTZ1 GR      -110812812.5  206429374.1
AG PETZETAKIS SA     PETZK PZ     -110812812.5  206429374.1
AG PETZETAKIS SA     PZETF US     -110812812.5  206429374.1
AG PETZETAKIS SA     PETZK EO     -110812812.5  206429374.1
ASPIS PRONIA GE      ASASK PZ     -189908329.1  896537349.7
ASPIS PRONIA GE      ASASK EO     -189908329.1  896537349.7
ASPIS PRONIA GE      ASASK EU     -189908329.1  896537349.7
ASPIS PRONIA GE      ASASK GA     -189908329.1  896537349.7
ASPIS PRONIA GE      AISQF US     -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     APGG IX      -189908329.1  896537349.7
ASPIS PRONOIA GE     APG GR       -189908329.1  896537349.7
ASPIS PRON-PF RT     ASASPR GA    -189908329.1  896537349.7
ATLANTIC SUPERMA     ATLA GA      -76261648.16  315891294.2
ATLANTIC SUPERMA     ATLA PZ      -76261648.16  315891294.2
ATLANTIC SUPERMA     ATLA1 EU     -76261648.16  315891294.2
ATLANTIC SUPERMA     ATLA1 EO     -76261648.16  315891294.2
EMPEDOS SA           EMPED GA     -33637669.62  174742646.9
EMPEDOS SA-RTS       EMPEDR GA    -33637669.62  174742646.9
HELLAS ONLINE SA     HOLR GA      -15570102.08  531120397.7
HELLAS ONLINE SA     BRAIN PZ     -15570102.08  531120397.7
HELLAS ONLINE SA     BRAIN EO     -15570102.08  531120397.7
HELLAS ONLINE SA     UN5 GR       -15570102.08  531120397.7
HELLAS ONLINE SA     BRAIN EU     -15570102.08  531120397.7
HELLAS ONLINE SA     BRAIN GA     -15570102.08  531120397.7
HELLAS ONLINE SA     HOL GA       -15570102.08  531120397.7
KATSELIS SON-P R     KATPD GA     -25687516.15  172013976.2
KATSELIS SONS-PF     KATSP GA     -25687516.15  172013976.2
KATSELIS SONS-RT     KATKD GA     -25687516.15  172013976.2
MAILLIS              MLISF US     -46071971.98  484719898.6
MAILLIS -RTS         MAIKR GA     -46071971.98  484719898.6
MAILLIS-SPON ADR     MJMSY US     -46071971.98  484719898.6
MJ MAILLIS S.A.      MAIK EU      -46071971.98  484719898.6
MJ MAILLIS S.A.      MAIK GA      -46071971.98  484719898.6
MJ MAILLIS S.A.      MAIK PZ      -46071971.98  484719898.6
MJ MAILLIS S.A.      MJL GR       -46071971.98  484719898.6
MJ MAILLIS S.A.      MAIK EO      -46071971.98  484719898.6
NAOUSSA SPIN -RT     NAOYD GA     -163114842.1  286539436.9
NAOUSSA SPIN-AUC     NAOYKE GA    -163114842.1  286539436.9
NAOUSSA SPINNING     NML GR       -163114842.1  286539436.9
NAOUSSA SPIN-RTS     NAOYKR GA    -163114842.1  286539436.9
NUTRIART S.A.        KTSEF US     -25687516.15  172013976.2
NUTRIART S.A.        KATSK GA     -25687516.15  172013976.2
NUTRIART SA          KATSK PZ     -25687516.15  172013976.2
NUTRIART SA          NUTRIART GA  -25687516.15  172013976.2
NUTRIART SA          KATSK EO     -25687516.15  172013976.2
NUTRIART SA          KATSK EU     -25687516.15  172013976.2
NUTRIART-RTS         3411089Q GA  -25687516.15  172013976.2
PETZET - PFD-RTS     PETZPD GA    -110812812.5  206429374.1
PETZETAKIS - RTS     PETZKD GA    -110812812.5  206429374.1
PETZETAKIS-AUC       PETZKE GA    -110812812.5  206429374.1
PETZETAKIS-PFD       PTZ3 GR      -110812812.5  206429374.1
PETZETAKIS-PFD       PETZP GA     -110812812.5  206429374.1
RADIO KORASSIDIS     RKC GR       -100972173.9  244951680.3
RADIO KORASSIDIS     RAKOF US     -100972173.9  244951680.3
RADIO KORASSIDIS     KORA GA      -100972173.9  244951680.3
RADIO KORASSI-RT     KORAD GA     -100972173.9  244951680.3
RADIO KORASS-RTS     KORAR GA     -100972173.9  244951680.3
THEMELIODOMI         THEME GA     -55751173.78  232036822.6
THEMELIODOMI-AUC     THEMEE GA    -55751173.78  232036822.6
THEMELIODOMI-RTS     THEMER GA    -55751173.78  232036822.6
THEMELIODOMI-RTS     THEMED GA    -55751173.78  232036822.6
UNITED TEXTILES      NAOYK GA     -163114842.1  286539436.9
UNITED TEXTILES      NAOSF US     -163114842.1  286539436.9
UNITED TEXTILES      UTEX GA      -163114842.1  286539436.9
UNITED TEXTILES      UTEX EU      -163114842.1  286539436.9
UNITED TEXTILES      UTEX PZ      -163114842.1  286539436.9
UNITED TEXTILES      UTEX EO      -163114842.1  286539436.9
UNITED TEXTILES      NML1 GR      -163114842.1  286539436.9

HUNGARY
-------
HUNGARIAN TELEPH     HUC EX          -73723992    827192000
HUNGARIAN TELEPH     HUGC IX         -73723992    827192000
INVITEL HOLD-ADR     INVHY US        -73723992    827192000
INVITEL HOLD-ADR     IHO US          -73723992    827192000
INVITEL HOLD-ADR     0IN GR          -73723992    827192000
INVITEL HOLDINGS     3212873Z HB     -73723992    827192000

ICELAND
-------
AVION GROUP          B1Q GR         -223780368   2277882368
EIMSKIPAFELAG HF     HFEIMEUR EU    -223780368   2277882368
EIMSKIPAFELAG HF     HFEIM PZ       -223780368   2277882368
EIMSKIPAFELAG HF     HFEIM IR       -223780368   2277882368
EIMSKIPAFELAG HF     HFEIM EU       -223780368   2277882368
EIMSKIPAFELAG HF     HFEIM EO       -223780368   2277882368
EIMSKIPAFELAG HF     HFEIMEUR EO    -223780368   2277882368
EIMSKIPAFELAG HF     AVION IR       -223780368   2277882368

IRELAND
-------
ACS AIRCRAFT FIN     4491555Z ID  -23037147.35  130480079.7
AEGON GLOBAL INS     646937Z ID     -154161392   4095368960
AIRPLANES FINANC     4460505Z ID    -475086961  263082549.3
AIRPLANES HOLDIN     4461857Z ID  -16556589608  931628665.2
ALECTRA FINANCE      4505075Z ID  -59841094.81   1863021876
ARCADE PROPERTY      4461121Z ID  -271759845.9  854806905.5
ARDAGH GLASS FIN     3489820Z ID  -425719878.1   5124811840
ARNOTTS HOLDINGS     4462545Z ID  -345703659.3  169928201.7
AVAYA HOLDINGS L     4491803Z ID  -208021348.3  112505345.4
BALLYMORE PROPER     162707Z ID   -243143095.2  972399152.8
BIRCHFORD INVEST     3802508Z ID   -17025540.7  218278444.2
BOSPHORUS CAPITA     3807620Z ID  -547691.4495  119473277.7
CAMBER 4 PLC         3807980Z ID  -548127044.3  336912874.6
CAPEL DEVELOPMEN     3813016Z ID  -54774206.54  118764190.8
CARRICKMINES MAN     3799108Z ID  -1594145.025  116839693.5
CELTIC ROADS GRO     4527583Z ID  -5475772.455  178943648.9
COMMUNICORP GROU     1027859Z ID  -28828642.17  309423497.3
CONOCOPHILLIPS I     4526671Z ID  -215725943.4  369716179.9
CONOCOPHILLIPS W     3894318Z ID  -199958224.4  344111929.9
DEPFA IRELAND HO     4458641Z ID  -7759253.483  392619649.6
DUOMO FUNDING PL     4462513Z ID  -805845.5444   1772244292
ELAN PHARMA INTE     4515071Z ID  -217568725.6   1820901782
ELLERSTON GEMS O     4781417Z ID  -4056787.085  195869209.7
EQUANT NETWORK S     4462057Z ID    -146075974  304925852.2
EURCO FINANCE        3799980Z ID   -48643223.1  679126971.7
FOL INTERNATIONA     4513251Z ID  -43457938.48  343547754.8
FORTIS PROPRIETA     4781289Z ID   -1335113419   6891744243
FRESHWATER FINAN     699575Z ID   -251700725.1   1588010523
FRUIT OF THE LOO     4459361Z ID  -96376389.16    391436785
GENERAL FINANCE      3807584Z ID  -3451729.765    140460867
GS MULTI-CURRENC     4780921Z ID  -218031502.7   1766463253
HELSINGOR LTD        3814256Z ID  -964944.8669  123961503.3
IRISH NATIONWIDE     1020Z ID     -24460514.19  16215850688
JAMES HARDIE IND     726824Z NA     -454500000   1960600064
JAMES HARDIE IND     HAH AU         -454500000   1960600064
JAMES HARDIE IND     600241Q GR     -454500000   1960600064
JAMES HARDIE IND     HAH NZ         -454500000   1960600064
JAMES HARDIE NV      JHXCC AU       -454500000   1960600064
JAMES HARDIE-ADR     JHINY US       -454500000   1960600064
JAMES HARDIE-ADR     JHX US         -454500000   1960600064
JAMES HARDIE-CDI     JHX AU         -454500000   1960600064
JAMES HARDIE-CDI     JHA TH         -454500000   1960600064
JAMES HARDIE-CDI     JHA GR         -454500000   1960600064
JAMES HARDIE-CDI     JHIUF US       -454500000   1960600064
LCH EUROPEAN POR     3809212Z ID  -91665071.77  296022574.1
LEASEPLAN FINANC     1179Z NA     -14450149.08   8220952390
LTR FINANCE NO 8     3816616Z ID  -15113152.02    537522513
MAINAU FUNDING L     4460161Z ID  -216846138.8   1309830017
MCINERNEY HLDGS      MCIGBX EU    -137972148.5  304108432.2
MCINERNEY HLDGS      MCI EO       -137972148.5  304108432.2
MCINERNEY HLDGS      MCI PO       -137972148.5  304108432.2
MCINERNEY HLDGS      MNEYF US     -137972148.5  304108432.2
MCINERNEY HLDGS      MCI ID       -137972148.5  304108432.2
MCINERNEY HLDGS      MCI LN       -137972148.5  304108432.2
MCINERNEY HLDGS      MCIGBP EO    -137972148.5  304108432.2
MCINERNEY HLDGS      MCI VX       -137972148.5  304108432.2
MCINERNEY HLDGS      MK9 PO       -137972148.5  304108432.2
MCINERNEY HLDGS      MCI EU       -137972148.5  304108432.2
MCINERNEY HLDGS      MK9C PZ      -137972148.5  304108432.2
MCINERNEY HLDGS      MCII IX      -137972148.5  304108432.2
MCINERNEY HLDGS      MCIGBX EO    -137972148.5  304108432.2
MCINERNEY HLDGS      MCI IX       -137972148.5  304108432.2
MCINERNEY HLDGS      MK9 GR       -137972148.5  304108432.2
MCINERNEY PROP-A     MYP ID       -137972148.5  304108432.2
MCINERNEY PROP-A     MYP LN       -137972148.5  304108432.2
MCINERNEY PROP-A     MCIYF US     -137972148.5  304108432.2
MCINERNEY -RT FP     MCIF LN      -137972148.5  304108432.2
MCINERNEY -RT FP     MCIF ID      -137972148.5  304108432.2
MCINERNEY -RT NP     MCIN LN      -137972148.5  304108432.2
MCINERNEY -RT NP     MCIN ID      -137972148.5  304108432.2
MCINERNEY-ADR        MNEYY US     -137972148.5  304108432.2
MYRMIDON CMBS PR     3819292Z ID  -76324372.07  313019507.2
NOVELL IRELAND S     3632507Z ID  -26753771.46  278570269.2
PAYZONE PLC          PAYZ EO      -138030903.2  510010035.3
PAYZONE PLC          PAYZ IX      -138030903.2  510010035.3
PAYZONE PLC          PAYZ PG      -138030903.2  510010035.3
PAYZONE PLC          PAYZ EU      -138030903.2  510010035.3
PAYZONE PLC          4P6 GR       -138030903.2  510010035.3
PAYZONE PLC          PAYZ PZ      -138030903.2  510010035.3
PAYZONE PLC          PAYZ LN      -138030903.2  510010035.3
PENNYGOLD TRADIN     4459561Z ID  -77668624.17   1296718702
PROVIDENCE RESOU     PRR IX       -31729163.16  134629066.1
PROVIDENCE RESOU     PVDRF US     -31729163.16  134629066.1
PROVIDENCE RESOU     PRP PG       -31729163.16  134629066.1
PROVIDENCE RESOU     PRP ID       -31729163.16  134629066.1
PROVIDENCE RESOU     PRP PZ       -31729163.16  134629066.1
PROVIDENCE RESOU     PRP EO       -31729163.16  134629066.1
PROVIDENCE RESOU     3660853Q IX  -31729163.16  134629066.1
PROVIDENCE RESOU     PZQ PO       -31729163.16  134629066.1
PROVIDENCE RESOU     PVR LN       -31729163.16  134629066.1
PROVIDENCE RESOU     PRP EU       -31729163.16  134629066.1
PROVIDENCE RESOU     PRPGBP EO    -31729163.16  134629066.1
PROVIDENCE RE-UT     PZQ GR       -31729163.16  134629066.1
PROVIDENCE-F/P       PRPF ID      -31729163.16  134629066.1
PROVIDENCE-N/P       PRPN ID      -31729163.16  134629066.1
QUINN GROUP LTD      166771Z ID   -228838127.1   2504412121
RELIANCE FLAG TE     4511819Z ID  -132410401.4  259945642.6
RHATIGAN COMMERC     3800004Z ID    -150605071  218524413.7
SALOME FUNDING P     747246Z ID   -1780227.756   2390329099
SCHWARZ PHARMA L     626603Z ID   -527103751.5  385715998.9
SHENDA IRELAND L     4781889Z ID  -164635178.9  186343517.3
SPENCER DOCK DEV     3813908Z ID     -87906519    773958702
SUSQUEHANNA EURO     4459081Z ID   -1252022268   5765502698
TAKEDA PHARMA IR     4460049Z ID  -553964898.1  178556098.5
TOPAZ ENERGY GRO     4508643Z ID  -20430096.67  574668196.2
UDARAS EITLIOCHT     4461649Z ID  -38554945.52  228382904.9
UPC BROADBAND IR     3633179Z ID    -295261091  748962719.5
WATERFORD - RTS      508523Q LN   -505729895.2    820803256
WATERFORD - RTS      WWWA ID      -505729895.2    820803256
WATERFORD - RTS      WWWA GR      -505729895.2    820803256
WATERFORD - RTS      WWWB GR      -505729895.2    820803256
WATERFORD - RTS      WWWB ID      -505729895.2    820803256
WATERFORD - RTS      508519Q LN   -505729895.2    820803256
WATERFORD CRYSTA     4459209Z ID  -150440252.3  114111756.9
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     WWWD GR      -505729895.2    820803256
WATERFORD WED-RT     586552Q LN   -505729895.2    820803256
WATERFORD WED-RT     WTFR LN      -505729895.2    820803256
WATERFORD WED-RT     WWWD ID      -505729895.2    820803256
WATERFORD WED-RT     WWWC ID      -505729895.2    820803256
WATERFORD WED-RT     WWWC GR      -505729895.2    820803256
WATERFORD WED-RT     586556Q LN   -505729895.2    820803256
WATERFORD WED-UT     WWW PO       -505729895.2    820803256
WATERFORD WED-UT     WTFU LN      -505729895.2    820803256
WATERFORD WED-UT     WTFU PO      -505729895.2    820803256
WATERFORD WED-UT     WTFU EU      -505729895.2    820803256
WATERFORD WED-UT     WTFU EO      -505729895.2    820803256
WATERFORD WED-UT     WWWD PZ      -505729895.2    820803256
WATERFORD WED-UT     WWW GR       -505729895.2    820803256
WATERFORD WED-UT     WTFU VX      -505729895.2    820803256
WATERFORD WED-UT     WTFUGBX EU   -505729895.2    820803256
WATERFORD WED-UT     WTFUGBX EO   -505729895.2    820803256
WATERFORD WED-UT     WTFU IX      -505729895.2    820803256
WATERFORD WED-UT     WTFU ID      -505729895.2    820803256
WATERFORD WE-RTS     WTFF ID      -505729895.2    820803256
WATERFORD WE-RTS     WTFF LN      -505729895.2    820803256
WATERFORD WE-RTS     WTFN LN      -505729895.2    820803256
WATERFORD WE-RTS     WTFN VX      -505729895.2    820803256
WATERFORD WE-RTS     WTFN ID      -505729895.2    820803256
WATERFORD-ADR UT     WATFZ US     -505729895.2    820803256
WATERFORD-ADR UT     WFWA GR      -505729895.2    820803256
WATERFORD-SUB        3001875Z ID  -505729895.2    820803256
WOLSELEY IRELAND     3898706Z ID  -47443431.51  175225926.3

ITALY
-----
ALCOA TRASFORMAZ     4506523Z IM  -200396353.5  504699192.2
AS ROMA SPA          ASR IX       -37429933.27  183644985.3
AS ROMA SPA          ASR PZ       -37429933.27  183644985.3
AS ROMA SPA          ASR EO       -37429933.27  183644985.3
AS ROMA SPA          ASR TQ       -37429933.27  183644985.3
AS ROMA SPA          ASRAF US     -37429933.27  183644985.3
AS ROMA SPA          ASRO IX      -37429933.27  183644985.3
AS ROMA SPA          ASR EB       -37429933.27  183644985.3
AS ROMA SPA          ASR IM       -37429933.27  183644985.3
AS ROMA SPA          ASR QM       -37429933.27  183644985.3
AS ROMA SPA          ASR EU       -37429933.27  183644985.3
AS ROMA SPA          ASR BQ       -37429933.27  183644985.3
AS ROMA SPA          RO9 GR       -37429933.27  183644985.3
AS ROMA SPA-RTS      ASRAA IM     -37429933.27  183644985.3
AUTOMOTIVE LIGHT     3895734Z IM  -8797909.782  165588007.5
BIANCHI VENDING      764212Z IM   -27419598.89  118828596.1
CABLELETTRA SPA      4507547Z IM  -83494555.41  223468834.1
CANTIERI DI PISA     4313125Z IM  -2611908.154  105466953.7
CANTIERI NAVALI      4427873Z IM  -26985562.28  101874594.4
CIRIO FINANZIARI     CRO IM       -422095936.7   1583083044
CIRIO FINANZIARI     FIY GR       -422095936.7   1583083044
COIN SPA             GUCIF US     -154057598.5  800526929.5
COIN SPA             965089Q GR   -154057598.5  800526929.5
COIN SPA             GC IX        -154057598.5  800526929.5
COIN SPA/OLD         GC IM        -154057598.5  800526929.5
COIN SPA-RTS         GCAA IM      -154057598.5  800526929.5
COMPAGNIA ITALIA     CITU IX      -137726596.3  527372691.4
COMPAGNIA ITALIA     CGLUF US     -137726596.3  527372691.4
COMPAGNIA ITALIA     ICT IM       -137726596.3  527372691.4
CONBIPEL SPA         2241259Z IM  -8880034.854  222164742.3
CREDITO FONDIARI     CRF IM       -200209050.3   4213063202
CREDITO FOND-RTS     CRFSA IM     -200209050.3   4213063202
DEGI FRANCIACORT     4360437Z IM   -471251.996  253375581.9
DIMA COSTRUZIONI     4526911Z IM   -14681477.1  426157772.4
DIMAFIN SPA          2727163Z IM  -63237953.95  270856564.4
ELETTRA PRODUZIO     3995020Z IM  -2325645.288    227506350
EQUIPOLYMERS SRL     4224221Z IM  -77501046.37  227622587.6
EUROFLY SPA          EEZ IX        -30409445.9  416708236.2
EUROFLY SPA -RTS     EEZAXA IM     -30409445.9  416708236.2
EUROFLY SPA-RTS      EURAXA IM     -30409445.9  416708236.2
FC INTERNAZIONAL     1185Z IM     -10874536.45  713790943.1
FINMATICA SPA        FIT GR       -126380828.5  281244456.3
FINMATICA SPA        FIN IM       -126380828.5  281244456.3
FINMATICA SPA        FIN NM       -126380828.5  281244456.3
FINMATICA SPA        FMTAF US     -126380828.5  281244456.3
FORUM GRAN SASSO     4032509Z IM  -5954613.651  163924566.4
FUNIVIE FOLGARID     4325137Z IM  -3839728.226  199413338.6
GRUPPO FINI SPA      4514671Z IM  -1791897.636  101060963.7
GUERRINO PIVATO      4292565Z IM  -41218066.44  397216267.9
I VIAGGI DEL VEN     VVE IM       -209436890.3  202705179.9
I VIAGGI DEL VEN     VVE PZ       -209436890.3  202705179.9
I VIAGGI DEL VEN     IVGIF US     -209436890.3  202705179.9
I VIAGGI DEL VEN     VVE IX       -209436890.3  202705179.9
I VIAGGI DEL VEN     VVE TQ       -209436890.3  202705179.9
I VIAGGI DEL VEN     VVE EU       -209436890.3  202705179.9
I VIAGGI DEL VEN     VVE EO       -209436890.3  202705179.9
I VIAGGI DEL VEN     IV7 GR       -209436890.3  202705179.9
I VIAGGI-RTS         VVEAA IM     -209436890.3  202705179.9
INDUSTRIE FINCUO     4270053Z IM  -15676157.12  111118283.9
INTERSIDER ACCIA     4268893Z IM  -5355062.509  156885353.6
INTRALOT ITALIA      2884343Z IM  -2665603.223  118040362.9
IP MAESTRALE 4 S     4407001Z IM  -1364553.628  613867867.9
KERSELF              KERS IX      -42106279.58  830980118.2
KERSELF SPA          3533882Z IM  -42106279.58  830980118.2
KERSELF SPA          KRSI PZ      -42106279.58  830980118.2
KERSELF SPA          KRS EO       -42106279.58  830980118.2
KERSELF SPA          KRS EU       -42106279.58  830980118.2
KERSELF SPA          KRS TQ       -42106279.58  830980118.2
KERSELF SPA          KRS IM       -42106279.58  830980118.2
KERSELF-RT           KRSAA IM     -42106279.58  830980118.2
KERSELF-RTS          KERSAA IM    -42106279.58  830980118.2
KERSELF-RTS          KRSRI IX     -42106279.58  830980118.2
MAC METALLURGICA     4290637Z IM  -13970053.88  192912284.9
MERIDIANA FLY        EEZ PZ        -30409445.9  416708236.2
MERIDIANA FLY        MEF EB        -30409445.9  416708236.2
MERIDIANA FLY        MEF IX        -30409445.9  416708236.2
MERIDIANA FLY        EEZ IM        -30409445.9  416708236.2
MERIDIANA FLY        MEF IM        -30409445.9  416708236.2
MERIDIANA FLY        EEZ EO        -30409445.9  416708236.2
MERIDIANA FLY        EEZ EU        -30409445.9  416708236.2
MERIDIANA FLY        EEZ TQ        -30409445.9  416708236.2
MERIDIANA FLY        EEZ QM        -30409445.9  416708236.2
MERIDIANA FLY        MEF BQ        -30409445.9  416708236.2
MERIDIANA FLY        EFLYF US      -30409445.9  416708236.2
MERIDIANA FLY        E7N GR        -30409445.9  416708236.2
MERIDIANA FLY SP     MEFAXA IM     -30409445.9  416708236.2
MERIDIANA SPA        1163Z IM     -4645217.834  187285866.9
MONTE MARE GRADO     4359985Z IM  -535776.0315  100534744.7
MV AGUSTA MOTOR      3898906Z IM  -10856011.42  258767112.5
NEXANS ITALIA SP     3636695Z IM  -19973174.81  139448244.4
OCV ITALIA SRL       4455649Z IM  -7833657.759  212272084.3
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 SERVICE CE     3401139Z IM  -9159816.788  165737571.5
PARMALAT FINANZI     PMLFF US     -18419396969   4120687886
PARMALAT FINANZI     PAF GR       -18419396969   4120687886
PARMALAT FINANZI     PARAF US     -18419396969   4120687886
PARMALAT FINANZI     FICN AV      -18419396969   4120687886
PARMALAT FINANZI     PRFI VX      -18419396969   4120687886
PARMALAT FINANZI     PMT LI       -18419396969   4120687886
PARMALAT FINANZI     PRF IM       -18419396969   4120687886
PARMALAT FINA-RT     PRFR AV      -18419396969   4120687886
PLASTIC COMPONEN     4489891Z IM  -4874668.899  477291693.5
REGGIANE CRANES      4428649Z IM  -56111781.34  352789095.4
SANTA CROCE 2010     3994268Z IM  -4287041.203  120271258.3
SD SICILIA DISCO     4346005Z IM  -57205.25336  162107130.8
SNIA BPD             SN GR        -141933895.2  150445252.4
SNIA BPD-ADR         SBPDY US     -141933895.2  150445252.4
SNIA SPA             SNIA GR      -141933895.2  150445252.4
SNIA SPA             SN IM        -141933895.2  150445252.4
SNIA SPA             SNIXF US     -141933895.2  150445252.4
SNIA SPA             SN EU        -141933895.2  150445252.4
SNIA SPA             SIAI IX      -141933895.2  150445252.4
SNIA SPA             SNIB GR      -141933895.2  150445252.4
SNIA SPA             SN TQ        -141933895.2  150445252.4
SNIA SPA             SIAI PZ      -141933895.2  150445252.4
SNIA SPA             SN EO        -141933895.2  150445252.4
SNIA SPA             SSMLF US     -141933895.2  150445252.4
SNIA SPA             SBPDF US     -141933895.2  150445252.4
SNIA SPA - RTS       SNAAW IM     -141933895.2  150445252.4
SNIA SPA- RTS        SNAXW IM     -141933895.2  150445252.4
SNIA SPA-2003 SH     SN03 IM      -141933895.2  150445252.4
SNIA SPA-CONV SA     SPBDF US     -141933895.2  150445252.4
SNIA SPA-DRC         SNR00 IM     -141933895.2  150445252.4
SNIA SPA-NEW         SN00 IM      -141933895.2  150445252.4
SNIA SPA-NON CON     SPBNF US     -141933895.2  150445252.4
SNIA SPA-RCV         SNIVF US     -141933895.2  150445252.4
SNIA SPA-RCV         SNR IM       -141933895.2  150445252.4
SNIA SPA-RIGHTS      SNAW IM      -141933895.2  150445252.4
SNIA SPA-RNC         SNIWF US     -141933895.2  150445252.4
SNIA SPA-RNC         SNRNC IM     -141933895.2  150445252.4
SNIA SPA-RTS         SNAA IM      -141933895.2  150445252.4
SNIA SPA-RTS         SNSO IM      -141933895.2  150445252.4
SVILUPPO COMPART     3895994Z IM  -3410478.946  384012735.9
TECNODIFF ITALIA     TDIFF US     -89894162.82  152045757.5
TECNODIFF ITALIA     TEF GR       -89894162.82  152045757.5
TECNODIFF ITALIA     TDI IM       -89894162.82  152045757.5
TECNODIFF ITALIA     TDI NM       -89894162.82  152045757.5
TECNODIFF-RTS        TDIAOW NM    -89894162.82  152045757.5
TECNODIFFUSIONE      TDIAAW IM    -89894162.82  152045757.5
TEREX ITALIA SRL     4514535Z IM  -65352037.06  187112594.8
TISCALI - RTS        TISAAW IM    -158576909.6  500626222.7
TISCALI - RTS        TIQA GR      -158576909.6  500626222.7
TISCALI SPA          TISGBX EO    -158576909.6  500626222.7
TISCALI SPA          TISGBP EO    -158576909.6  500626222.7
TISCALI SPA          TIS EO       -158576909.6  500626222.7
TISCALI SPA          TISN NA      -158576909.6  500626222.7
TISCALI SPA          TIQ1 GR      -158576909.6  500626222.7
TISCALI SPA          TIS EB       -158576909.6  500626222.7
TISCALI SPA          TISM IX      -158576909.6  500626222.7
TISCALI SPA          TISN IX      -158576909.6  500626222.7
TISCALI SPA          TIS IM       -158576909.6  500626222.7
TISCALI SPA          TSCXF US     -158576909.6  500626222.7
TISCALI SPA          TISN VX      -158576909.6  500626222.7
TISCALI SPA          TISN IM      -158576909.6  500626222.7
TISCALI SPA          TIQG IX      -158576909.6  500626222.7
TISCALI SPA          TIS IX       -158576909.6  500626222.7
TISCALI SPA          TIS NA       -158576909.6  500626222.7
TISCALI SPA          TIS QM       -158576909.6  500626222.7
TISCALI SPA          TIS BQ       -158576909.6  500626222.7
TISCALI SPA          TISN FP      -158576909.6  500626222.7
TISCALI SPA          TIS NQ       -158576909.6  500626222.7
TISCALI SPA          TIS VX       -158576909.6  500626222.7
TISCALI SPA          TIS TQ       -158576909.6  500626222.7
TISCALI SPA          TIS PZ       -158576909.6  500626222.7
TISCALI SPA          TIQ GR       -158576909.6  500626222.7
TISCALI SPA          TIS NR       -158576909.6  500626222.7
TISCALI SPA          TISGBX EU    -158576909.6  500626222.7
TISCALI SPA          TIS FP       -158576909.6  500626222.7
TISCALI SPA          TIS EU       -158576909.6  500626222.7
TISCALI SPA- RTS     3391621Q GR  -158576909.6  500626222.7
TISCALI SPA- RTS     TISAXA IM    -158576909.6  500626222.7
UPIM SRL             3494031Z IM  -24945031.42  495566337.9
VALEO SPA            3897442Z IM  -55996.80114  165209720.2
VIA CAVOUR SRL       3997892Z IM  -2002622.441  173628397.1

LUXEMBOURG
----------
ARCELORMITTAL FL     3912244Z LX   -1024313669   3328008487
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        CJNA GR         -94729000    472360992
CARRIER1 INTL        8133893Q GR     -94729000    472360992
CARRIER1 INTL        CJN NM          -94729000    472360992
CARRIER1 INTL SA     CONEF US        -94729000    472360992
CARRIER1 INTL SA     1253Z SW        -94729000    472360992
INTELSAT             ILMA GR        -697038976  17592367104
INTELSAT SA          2237Z US       -697038976  17592367104
OXEA SARL            3682535Z LX  -78371220.13   1013737294
OXEA SARL            3682535Z GR  -78371220.13   1013737294

NETHERLANDS
-----------
ADAMAR AMSTERDAM     4049157Z NA  -5256671.097  108813893.8
ALFRED C TOEPFER     4062117Z NA  -1843317.436   1689194175
ASITO DIENSTENGR     743813Z NA   -2494804.851  220704023.7
BAAN CO NV-ASSEN     BAANA NA     -7854715.264  609871188.9
BAAN COMPANY NV      BAAN EU      -7854715.264  609871188.9
BAAN COMPANY NV      BNCG IX      -7854715.264  609871188.9
BAAN COMPANY NV      BAAVF US     -7854715.264  609871188.9
BAAN COMPANY NV      BAAN IX      -7854715.264  609871188.9
BAAN COMPANY NV      BAAN NA      -7854715.264  609871188.9
BAAN COMPANY NV      BAAN PZ      -7854715.264  609871188.9
BAAN COMPANY NV      BAAN GR      -7854715.264  609871188.9
BAAN COMPANY NV      BAAN EO      -7854715.264  609871188.9
BAAN COMPANY-NY      BAANF US     -7854715.264  609871188.9
BASELL BENELUX B     4048469Z NA  -49594551.15    221005725
BELEGGINGSMAATSC     801105Z NA   -5070657.703  350267370.9
CENTRIC HOLDING      745383Z NA   -72753.24225  363069870.7
CEVA GROUP PLC       976811Z NA   -538665968.2   5318491121
CEVA LOGISTICS       882197Z NA   -538665968.2   5318491121
CLATES HOLDING B     4043429Z NA  -34881.25205  221495950.5
COENTUNNEL CO BV     3823892Z NA  -42087507.72  316350701.9
COOPERATIE VOEDI     4378105Z NA  -216576.9882  680962157.8
EON BENELUX LEVE     4173461Z NA  -21561715.64  273422076.5
EUROCOMMERCE HOL     4174085Z NA  -1476.315022   1442058655
EUROPEAN MARITIM     4523543Z NA  -34803118.05  347300069.4
FERDINAND STINGE     4040837Z NA  -197826.2129   1420319834
FONDEL METALS BV     4039013Z NA  -2368075.248  110363800.6
HE INVESTMENTS B     3813216Z NA  -1780665.857    195483088
HUISVUILCENTRALE     4777713Z NA  -87789.23965   1412526184
INFOR GLOBAL SOL     4778481Z NA  -332427172.9  500602423.6
ING RE DORTMUND/     3819456Z NA  -91900157.49  142290450.1
ING REIM DEVELOP     3811140Z NA  -231041485.9  383323356.5
KONINKLIJKE HASK     4037221Z NA  -69259.20141  230145390.9
KUIPER GROEP BV      3821988Z NA  -3688.420875  101931401.5
LIBERTY GL EU-A      UPC NA        -5505478850   5112616630
LINO MANAGEMENT      3774416Z NA    -302140891  797339200.3
MAAS INTERNATION     4174109Z NA  -104625.6021  163961580.9
MITSUBISHI MOTOR     3893974Z NA  -377506741.2  526604236.4
MSREF ELBA BV        4043045Z NA  -89889.60183  584994172.5
MSREF VI KAIROS      4174205Z NA  -38313.60078    893956511
NIDERA HANDELSCO     3893886Z NA  -1347999.991   2303695933
NORFOLK HOLDINGS     779151Z NA   -199512.5928  813430683.8
RHEIN PAPIER HOL     4040349Z NA  -2301763.247   1089890804
RIVA NV              3797916Z NA  -852952.1165  111411542.1
SGS NEDERLAND HO     3896746Z NA  -742586.4558    148207265
SITA NEDERLAND B     874216Z NA   -312079.8969   2324948031
SPYKER CARS NV       SPYKR EB     -154336469.5   1337361332
SPYKER CARS NV       SPYKR NA     -154336469.5   1337361332
SPYKER CARS NV       SPYKR BQ     -154336469.5   1337361332
SPYKER CARS NV       SPYK IX      -154336469.5   1337361332
SPYKER CARS NV       SPYKR QM     -154336469.5   1337361332
SPYKER CARS NV       SPYKR EO     -154336469.5   1337361332
SPYKER CARS NV       SPYKR EU     -154336469.5   1337361332
SPYKER CARS NV       SPYKR TQ     -154336469.5   1337361332
STICHTING PENSIO     4498027Z NA  -19254451.13  566611058.3
STICHTING PENSIO     4489595Z NA   -7065546415  43409019837
SWEDISH AUTOMOBI     SWAN EU      -154336469.5   1337361332
SWEDISH AUTOMOBI     SWAN BQ      -154336469.5   1337361332
SWEDISH AUTOMOBI     SWAN TQ      -154336469.5   1337361332
SWEDISH AUTOMOBI     SWAN EO      -154336469.5   1337361332
SWEDISH AUTOMOBI     SWAN EB      -154336469.5   1337361332
SWEDISH AUTOMOBI     SPYKR PZ     -154336469.5   1337361332
SWEDISH AUTOMOBI     SWAN NA      -154336469.5   1337361332
SWEDISH AUTOMOBI     SWAN QM      -154336469.5   1337361332
SWEDISH AUTOMOBI     SPYKF US     -154336469.5   1337361332
SWEDISH AUTOMOBI     L9I TH       -154336469.5   1337361332
SWEDISH AUTOMOBI     L9I GR       -154336469.5   1337361332
TATE & LYLE NETH     3634775Z NA  -2595894.422  104534416.9
TOYOTA MATERIAL      4062173Z NA  -525179.3964  103144175.2
TRAVELPORT GLOBA     4501611Z NA  -3622780.496  320789835.8
UNITED PAN -ADR      UPEA GR       -5505478850   5112616630
UNITED PAN-A ADR     UPCOY US      -5505478850   5112616630
UNITED PAN-EUR-A     UPC LI        -5505478850   5112616630
UNITED PAN-EUR-A     UPC LN        -5505478850   5112616630
UNITED PAN-EUROP     UPCOF US      -5505478850   5112616630
UNITED PAN-EUROP     UPCEF US      -5505478850   5112616630
UNITED PAN-EUROP     UPC VX        -5505478850   5112616630
UNITED PAN-EUROP     UPE1 GR       -5505478850   5112616630
UPC HOLDING BV       3590264Z NA  -12164702941  13901661309
VAN WEELDE BEHEE     4038885Z NA  -165002.3062  161800258.3
VOLKERWESSELS BO     4062101Z NA  -17683.20036  191596002.3
VWS TRANSPORTINF     4377249Z NA  -88578.90129  442019063.5
VWS VERKEER-EN I     4777577Z NA  -125486.7768  799874848.4
W2005 W2007 CARN     3824100Z NA  -107841645.8    362615031
WE INTERNATIONAL     630199Z NA   -1220350.163   1011026941
WILMAR EDIBLE OI     3817520Z NA  -3976944.095  218912594.8
ZINVEST FASHION      3775412Z NA  -296559.4047    180677208
ZWINGER OPCO 6 B     3821644Z NA  -106543158.2  627759193.8

NORWAY
------
AFRICA OFFSHORE      AOSA NO        -238595008    399271008
AKER BIOMARINE A     4508947Z NO  -91258656.74  103294723.7
AKER ELEKTRO AS      4389353Z NO   -35218317.7  134077911.8
AKER FLOATING PR     AKFP EO          -7700000    816200000
AKER FLOATING PR     AKFP BY          -7700000    816200000
AKER FLOATING PR     AKNO IX          -7700000    816200000
AKER FLOATING PR     AKFP NO          -7700000    816200000
AKER FLOATING PR     AKFP EU          -7700000    816200000
AKER FLOATING PR     AKFPEUR EU       -7700000    816200000
AKER FLOATING PR     AKFPEUR EO       -7700000    816200000
AKER FLOATING PR     AKFP PZ          -7700000    816200000
AKER STORD A/S       4498875Z NO  -150475117.7  783619889.1
BKK VARME AS         4445833Z NO  -8164053.946  143462133.6
CIA LA GOMERA AS     4401057Z NO  -14188999.46  111542577.2
GJENSIDIGE PENSJ     4447089Z NO  -706038.7351  834496819.2
HEEGH AUTOLINERS     4389209Z NO  -11654362.38  277390994.9
INTEROIL EXPLORA     IOX BY          -71383000    195320000
INTEROIL EXPLORA     IOX NO          -71383000    195320000
INTEROIL EXPLORA     IROIF US        -71383000    195320000
INTEROIL EXPLORA     IOX EU          -71383000    195320000
INTEROIL EXPLORA     IOX PZ          -71383000    195320000
INTEROIL EXPLORA     IOXEUR EU       -71383000    195320000
INTEROIL EXPLORA     IOXUSD EO       -71383000    195320000
INTEROIL EXPLORA     IOX IX          -71383000    195320000
INTEROIL EXPLORA     IOXEUR EO       -71383000    195320000
INTEROIL EXPLORA     INOX NO         -71383000    195320000
INTEROIL EXPLORA     IOX EO          -71383000    195320000
INTEROIL EXPLORA     IOXUSD EU       -71383000    195320000
LIVA BIL             LIV NO       -4061326.597  116023629.9
MAN LAST OG BUSS     4521719Z NO  -7914946.127  134925818.8
MARINE SUBSEA AS     MSAS NO        -238595008    399271008
MASTER & COMMAND     4443393Z NO   -3848.57586    105559612
NCC CONSTRUCTION     4389745Z NO  -17444019.96  371204059.2
NCC ROADS AS         4401305Z NO  -7603911.224  151509155.9
NORGIPS NORGE AS     4443889Z NO  -4188300.148    124517344
NORSK STEIN AS       4394889Z NO  -2509971.202  184248999.1
OSLO FORSIKRING      4415089Z NO   -6494996.57    158542606
PETRO GEO-SERV       PGS VX       -18066142.21  399710323.6
PETRO GEO-SERV       265143Q NO   -18066142.21  399710323.6
PETRO GEO-SERV       PGS GR       -18066142.21  399710323.6
PETRO GEO-SERV-N     PGSN NO      -18066142.21  399710323.6
PETRO GEO-SV-ADR     PGSA GR      -18066142.21  399710323.6
PETRO GEO-SV-ADR     PGOGY US     -18066142.21  399710323.6
PETROJACK AS         JACKEUR EO      -54932000    191586000
PETROJACK AS         JACK BY         -54932000    191586000
PETROJACK AS         JACK EU         -54932000    191586000
PETROJACK AS         P3J GR          -54932000    191586000
PETROJACK AS         JACK EO         -54932000    191586000
PETROJACK AS         JACO IX         -54932000    191586000
PETROJACK AS         JACK PZ         -54932000    191586000
PETROJACK AS         JACK NO         -54932000    191586000
PETROJACK AS         JACKEUR EU      -54932000    191586000
PETROJACK AS         POJKF US        -54932000    191586000
PETROMENA AS         PMEN IX         -47299000    317747008
PETROMENA AS         PMENA NO        -47299000    317747008
PETROMENA AS         PMENA EU        -47299000    317747008
PETROMENA AS         PR2 GR          -47299000    317747008
PETROMENA AS         MENA NO         -47299000    317747008
PETROMENA AS         PMENA PZ        -47299000    317747008
PETROMENA AS         PMENA EO        -47299000    317747008
PETROMENA AS         PMENAEUR EO     -47299000    317747008
PETROMENA AS         PMENF US        -47299000    317747008
PETROMENA AS         PMENAEUR EU     -47299000    317747008
SECURITAS DIRECT     4394201Z NO  -531628.2745  124746344.1
SKRETTING AS         4473771Z NO  -3730844.426  499611269.4
STOREBRAND EIEND     4443409Z NO  -69476764.19   1408585975
STOREBRAND EIEND     4288341Z NO  -236066034.1   4427606061
TDC AS               4287413Z NO  -95917885.43  128911202.9
TRICO SHIPPING A     3651167Z NO  -132576808.1  504945402.2
TTS SENSE AS         4393841Z NO  -30849484.35  107503145.6
UTKILEN SHIPPING     4446161Z NO  -2435448.778  205148159.9
VNG NORGE AS         4513147Z NO  -44725176.15  280935536.1

POLAND
------
KROSNO               KROS IX       -2241615.44  111838141.2
KROSNO               KRS PW        -2241615.44  111838141.2
KROSNO               KRS1EUR EU    -2241615.44  111838141.2
KROSNO               KRS1EUR EO    -2241615.44  111838141.2
KROSNO               KRS LI        -2241615.44  111838141.2
KROSNO SA            KRS PZ        -2241615.44  111838141.2
KROSNO SA            KROSNO PW     -2241615.44  111838141.2
KROSNO SA            KRS1 EU       -2241615.44  111838141.2
KROSNO SA            KRNFF US      -2241615.44  111838141.2
KROSNO SA            KRS1 EO       -2241615.44  111838141.2
KROSNO SA-RTS        KRSP PW       -2241615.44  111838141.2
KROSNO-PDA-ALLT      KRSA PW       -2241615.44  111838141.2
TOORA                2916661Q EO  -288818.3897  147004954.2
TOORA                2916665Q EU  -288818.3897  147004954.2
TOORA                TOR PZ       -288818.3897  147004954.2
TOORA                TOR PW       -288818.3897  147004954.2
TOORA-ALLOT CERT     TORA PW      -288818.3897  147004954.2

PORTUGAL
--------
AGUAS DO ZEZERE      3646223Z PL  -9497007.861  387261027.5
ALBERTO MARTINS      4488947Z PL  -26137998.21  126979395.5
CENTRO HOSPITALA     3778196Z PL   -63194407.2  123417394.8
CO DAS ENERGIAS      3794880Z PL  -2540034.474  115717930.4
CP - COMBOIOS DE     1005Z PL      -3201667702   2260472073
ESTALEIROS NAVAI     4507307Z PL  -23829401.88  315386385.8
FERREIRAS & MAGA     4281437Z PL  -14115717.84  103226790.2
GALERIA PARQUE N     4772673Z PL   -6221557.01  176869350.5
HOSPITAL DE FARO     3789880Z PL  -59945072.08  249069905.8
HOSPITAL DO DIVI     3789932Z PL   -38574192.3  217870602.5
HOSPITAL GARCIA      3773160Z PL   -48058398.4  155137981.5
LOCACAO DE EQUIP     4772329Z PL  -1031872.211  425561447.8
LYCATELCOM LDA       4281821Z PL  -8577510.562  109410577.8
METRO DO PORTO       4473963Z PL   -1539365046   3027538897
PARQUE DA PAMPIL     4770625Z PL  -1932626.439  135631078.1
PARQUE EOLICO DE     4772521Z PL  -1450277.362  131706562.9
PORTUGALIA           1008Z PL     -4086512.545  263103585.3
RADIO E TELEVISA     1227Z PL     -874020727.2  739530129.4
REFER-REDE FERRO     1250Z PL      -1817222591  941624235.3
SERVICO DE SAUDE     3790200Z PL  -171447869.9  656234458.2
SOCIEDADE DE REN     3776676Z PL  -16609193.89  127876798.7
SOCIEDADE DE TRA     1253Z PL     -366661049.9  152577542.7
SPORTING CLUBE D     SCDF EU      -65884328.13  251276323.4
SPORTING CLUBE D     SCG GR       -65884328.13  251276323.4
SPORTING CLUBE D     SCP PL       -65884328.13  251276323.4
SPORTING CLUBE D     SCP1 PZ      -65884328.13  251276323.4
SPORTING CLUBE D     SCPX PX      -65884328.13  251276323.4
SPORTING CLUBE D     SCDF EO      -65884328.13  251276323.4
SPORTING-SOC DES     SCDF PL      -65884328.13  251276323.4
SPORTING-SOC DES     SCPL IX      -65884328.13  251276323.4
SPORTING-SOC-RTS     SCPVS PL     -65884328.13  251276323.4
SPORTING-SOC-RTS     SCPDS PL     -65884328.13  251276323.4
TAP SGPS             TAP PL       -293253615.6   2901200999
VALE DO LOBO - R     4764257Z PL  -19458755.77  553819869.1
VISTA ALEGRE ATL     4281717Z PL  -11415079.06  119980938.8

ROMANIA
-------
ARCELORMITTAL        PTRO RO      -61080024.91  178667412.9
OLTCHIM RM VALCE     OLTCF US     -89344240.83  511515508.8
OLTCHIM SA RM VA     OLT RO       -89344240.83  511515508.8
OLTCHIM SA RM VA     OLT PZ       -89344240.83  511515508.8
OLTCHIM SA RM VA     OLTEUR EO    -89344240.83  511515508.8
OLTCHIM SA RM VA     OLT EU       -89344240.83  511515508.8
OLTCHIM SA RM VA     OLTEUR EU    -89344240.83  511515508.8
OLTCHIM SA RM VA     OLT EO       -89344240.83  511515508.8
RAFO SA              RAF RO       -457922310.7  356796459.3

RUSSIA
------
AKCIONERNOE-BRD      SOVP$ RU     -72210975.94  456200360.2
ALLIANCE RUSSIAN     ALRT RU       -13189410.9  138268688.3
AMO ZIL              ZILL RM      -204894835.3    401284636
AMO ZIL-CLS          ZILL RU      -204894835.3    401284636
AMO ZIL-CLS          ZILL* RU     -204894835.3    401284636
AMO ZIL-CLS          ZILLG RU     -204894835.3    401284636
CRYOGENMASH-BRD      KRGM* RU     -22826263.97  214573431.2
CRYOGENMASH-BRD      KRGM RU      -22826263.97  214573431.2
CRYOGENMASH-PFD      KRGMP* RU    -22826263.97  214573431.2
CRYOGENMASH-PFD      KRGMP RU     -22826263.97  214573431.2
DAGESTAN ENERGY      DASBG RU      -29561959.6  232757864.4
DAGESTAN ENERGY      DASB RM       -29561959.6  232757864.4
DAGESTAN ENERGY      DASB RU       -29561959.6  232757864.4
DAGESTAN ENERGY      DASB* RU      -29561959.6  232757864.4
EAST-SIBERIA-BRD     VSNK* RU     -92283895.48  299864149.8
EAST-SIBERIA-BRD     VSNK RU      -92283895.48  299864149.8
EAST-SIBERIAN-BD     VSNK$ RU     -92283895.48  299864149.8
FINANCIAL LEASIN     137282Z RU   -127155421.5  341759794.6
FINANCIAL LEASIN     FLKO RU      -127155421.5  341759794.6
FINANCIAL LEASIN     FLKO* RU     -127155421.5  341759794.6
FINANCIAL LEASIN     FLKO RM      -127155421.5  341759794.6
GAZ-FINANS           GAZF RU      -56134.51262  232319905.4
GUKOVUGOL            GUUG RU      -57835249.92  143665227.2
GUKOVUGOL            GUUG* RU     -57835249.92  143665227.2
GUKOVUGOL-PFD        GUUGP RU     -57835249.92  143665227.2
GUKOVUGOL-PFD        GUUGP* RU    -57835249.92  143665227.2
HALS-DEVEL- GDR      86PN LI        -588515968   1446112000
HALS-DEVELOPMENT     HALS TQ        -588515968   1446112000
HALS-DEVELOPMENT     SYR GR         -588515968   1446112000
HALS-DEVELOPMENT     HALS* RU       -588515968   1446112000
HALS-DEVELOPMENT     HALS LI        -588515968   1446112000
HALS-DEVELOPMENT     HALS RU        -588515968   1446112000
HALS-DEVELOPMENT     HALS RM        -588515968   1446112000
HALS-DEVELOPMENT     HALSM RU       -588515968   1446112000
HALS-DEVELOPMENT     HALSG RU       -588515968   1446112000
IZHAVTO OAO          IZAV RU      -94100833.99  443610329.4
KAMSKAYA GORNAYA     2806239Z RU  -527803788.8   1311868884
KOMPANIYA GL-BRD     GMST RU      -2412499.797   1202818434
KOMPANIYA GL-BRD     GMST* RU     -2412499.797   1202818434
KUZNETSOV-BRD        MTSTP RU     -11247039.53  390269032.2
KUZNETSOV-BRD        MTSTP* RU    -11247039.53  390269032.2
KUZNETSOV-BRD        MTST* RU     -11247039.53  390269032.2
KUZNETSOV-BRD        MTST RU      -11247039.53  390269032.2
M-INDUSTRIYA         SOMI RU      -1304109.982  267288804.8
MURMANSKAYA-PFD      MUGSP RU     -26491726.33  140103923.5
MURMANSKAYA-PFD      MUGSPG RU    -26491726.33  140103923.5
MURMANSKAYA-PFD      MUGSP* RU    -26491726.33  140103923.5
MURMANSKAY-CLS       MUGS* RU     -26491726.33  140103923.5
MURMANSKAY-CLS       MUGSG RU     -26491726.33  140103923.5
MURMANSKAY-CLS       MUGS RU      -26491726.33  140103923.5
NIZHEGORODSK-BRD     NASO RU      -24264468.23  426748912.4
NIZHEGORODSK-BRD     NASO* RU     -24264468.23  426748912.4
NIZHEGORODSKI-B      NASO$ RU     -24264468.23  426748912.4
NIZHEGORODS-P B$     NASOP$ RU    -24264468.23  426748912.4
NIZHEGORODS-PFD      NASOP RU     -24264468.23  426748912.4
NIZHEGORODS-PFD      NASOP* RU    -24264468.23  426748912.4
NIZHMASHZAVO-BRD     NMSZ* RU     -11553901.84  372915429.4
NIZHMASHZAVO-BRD     NMSZ RU      -11553901.84  372915429.4
NIZHMASHZAVOD-BD     NMSZ$ RU     -11553901.84  372915429.4
NIZHMASHZAVO-PFD     NMSZP* RU    -11553901.84  372915429.4
NIZHMASHZAVO-PFD     NMSZP RU     -11553901.84  372915429.4
OAO SIBNEFTEGAZ      SIGA RU      -8733178.141  757597617.2
PENOPLEX-FINANS      PNPF RU      -839659.3715  147052027.7
PIK GROUP            PIKK RU      -65334860.95   4000687446
PIK GROUP            PIKK* RU     -65334860.95   4000687446
PIK GROUP            PIKKG RU     -65334860.95   4000687446
PIK GROUP            PIKK RM      -65334860.95   4000687446
PIK GROUP-GDR        PIQ2 GR      -65334860.95   4000687446
PIK GROUP-GDR        PIK EU       -65334860.95   4000687446
PIK GROUP-GDR        PIK1 QM      -65334860.95   4000687446
PIK GROUP-GDR        PIK1 EO      -65334860.95   4000687446
PIK GROUP-GDR        PIK LI       -65334860.95   4000687446
PIK GROUP-GDR        PIK EB       -65334860.95   4000687446
PIK GROUP-GDR        PIK TQ       -65334860.95   4000687446
PIK GROUP-GDR        PKGPL US     -65334860.95   4000687446
PIK GROUP-GDR        PIK IX       -65334860.95   4000687446
PROMTRACTOR-FINA     PTRF RU      -27519567.06  259128529.5
RUSSIAN TEXT-CLS     ALRTG RU      -13189410.9  138268688.3
RUSSIAN TEXT-CLS     ALRT* RU      -13189410.9  138268688.3
RYBINSKKABEL         RBKZD RU     -8532245.618  108539181.3
SEVERNAYA KAZNA      SVKB RU      -53030865.11  292154903.1
SEVERNAYA KAZNA      SVKB* RU     -53030865.11  292154903.1
SEVKABEL-FINANS      SVKF RU      -83036.46173  102680373.6
SISTEMA HALS-GDR     HALS IX        -588515968   1446112000
SISTEMA-GDR 144A     SEMAL US       -588515968   1446112000
URGALUGOL-BRD        YRGL* RU     -10942680.75  149416034.2
URGALUGOL-BRD        YRGL RU      -10942680.75  149416034.2
URGALUGOL-BRD-PF     YRGLP RU     -10942680.75  149416034.2
VACO-BRD             VASO RU      -27108676.04  934073954.9
VACO-BRD             VASO* RU     -27108676.04  934073954.9
VACO-PFD             VASOP RU     -27108676.04  934073954.9
VACO-PFD             VASOP* RU    -27108676.04  934073954.9
VASO                 1001Q RU     -27108676.04  934073954.9
VASO-$               1002Q RU     -27108676.04  934073954.9
VASO-$PFD BRD        VASOP$ RU    -27108676.04  934073954.9
VASO-Q LIST          VASO$ RU     -27108676.04  934073954.9
VIMPEL SHIP-BRD      SOVP RU      -72210975.94  456200360.2
VIMPEL SHIP-BRD      SOVP* RU     -72210975.94  456200360.2
VOLGOGRAD KHIM       VHIM* RU     -46674128.45  156690406.4
VOLGOGRAD KHIM       VHIM RU      -46674128.45  156690406.4
WILD ORCHID ZAO      DOAAN RU     -11716087.47  106082784.6
ZIL AUTO PLANT       ZILL$ RU     -204894835.3    401284636
ZIL AUTO PLANT-P     ZILLP RU     -204894835.3    401284636
ZIL AUTO PLANT-P     ZILLP RM     -204894835.3    401284636
ZIL AUTO PLANT-P     ZILLP* RU    -204894835.3    401284636

SERBIA
------
DUVANSKA             DIVR SG      -46938765.41  107525048.4

SLOVENIA
--------
ISTRABENZ            ITBG PZ      -3710053.919   1192276746
ISTRABENZ            ITBG SV      -3710053.919   1192276746
ISTRABENZ            ITBG EO      -3710053.919   1192276746
ISTRABENZ            ITBG EU      -3710053.919   1192276746

SPAIN
-----
ACTUACIONES ACTI     AGR SM        -57871829.5  772519224.5
ADT ESPANA SERVI     3632899Z SM   -26498520.4  149454497.1
AGRUPACIO - RT       AGR/D SM      -57871829.5  772519224.5
AMCI HABITAT SA      AMC3 EO      -24580874.45  194758143.4
AMCI HABITAT SA      AMC SM       -24580874.45  194758143.4
AMCI HABITAT SA      AMC1 EU      -24580874.45  194758143.4
ATLANTIC COPPER      4512291Z SM  -15995873.26   1016941910
AURIGACROWN CAR      3791672Z SM  -9696329.512  319009666.2
BASF CONSTRUCTIO     4511259Z SM  -175550365.3  296395765.4
BIMBO SA             3632779Z SM  -6894386.116  162399487.1
BOSCH SISTEMAS D     4505475Z SM  -295419977.8  205556877.2
BOUYGUES INMOBIL     3636247Z SM  -13608696.28  203210905.9
CAIXARENTING SA      4500211Z SM  -7390432.998   1722091946
CAJA DE AHORROS      929362Z SM   -361326816.2  37311046644
CELAYA EMPARANZA     3642467Z SM  -19428468.87  176340504.9
COPERFIL GROUP       704457Z SM   -3700858.975    403826723
DTZ IBERICA ASES     1658Z SM     -130770583.4    611187363
ELECTRODOMESTICO     1035184Z SM  -89882980.98  104386627.5
EXPO-AN SA           569882Z SM   -14692346.37  324154549.3
FABRICAS AGRUPAD     3638319Z SM  -28683704.97    205880655
FACTORIA NAVAL D     3748456Z SM  -91596638.83  155617881.8
FBEX PROMO INMOB     3745024Z SM  -820001.0305   1142937522
FERGO AISA -RTS      AISA/D SM     -57871829.5  772519224.5
FERGO AISA SA        AISA PZ       -57871829.5  772519224.5
FERGO AISA SA        AISA EU       -57871829.5  772519224.5
FERGO AISA SA        AISA SM       -57871829.5  772519224.5
FERGO AISA SA        AISA EO       -57871829.5  772519224.5
FIAT GROUP AUTOM     4511067Z SM  -30064519.13  367730368.2
FMC FORET SA         3642299Z SM  -28605523.78  225458069.6
GALERIAS PRIMERO     3281527Z SM  -2731015.072  124875853.4
GE POWER CONTROL     3744144Z SM  -25412232.52  973735754.8
GE REAL ESTATE I     2814684Z SM  -47072259.92  609515984.5
GENERAL MOTORS E     4286805Z SM  -323089753.8   2783002632
GLENCORE ESPANA      3752336Z SM  -24493084.81    140668008
HIDROCANTABRICO      4456745Z SM  -245397523.6    513745817
HUNE PLATAFORMAS     4284309Z SM  -34729576.87  417379212.5
ISOFOTON SA          1039291Z SM    -401482382  218392769.3
JAZZ TELECOM SA      3646927Z SM  -739593798.9    803977667
LA SIRENA ALIMEN     4375737Z SM   -60779557.1  206592562.2
LEVANTINA Y ASOC     993382Z SM   -289550685.8  672488470.2
MAGNETI MARELLI      3643903Z SM  -6218714.533  169480205.1
MARTINSA FADESA      MTF1 LI       -3883366101   6592778504
MARTINSA FADESA      MFAD PZ       -3883366101   6592778504
MARTINSA FADESA      MTF EU        -3883366101   6592778504
MARTINSA FADESA      MTF SM        -3883366101   6592778504
MARTINSA FADESA      4PU GR        -3883366101   6592778504
MARTINSA FADESA      MTF EO        -3883366101   6592778504
MARTINSA-FADESA      MTF NR        -3883366101   6592778504
NYESA VALORES CO     NYE TQ       -99766729.91  812943907.9
NYESA VALORES CO     NYE EU       -99766729.91  812943907.9
NYESA VALORES CO     BES SM       -99766729.91  812943907.9
NYESA VALORES CO     BESS PZ      -99766729.91  812943907.9
NYESA VALORES CO     7NY GR       -99766729.91  812943907.9
NYESA VALORES CO     BES EU       -99766729.91  812943907.9
NYESA VALORES CO     BES TQ       -99766729.91  812943907.9
NYESA VALORES CO     NYE SM       -99766729.91  812943907.9
NYESA VALORES CO     BES EO       -99766729.91  812943907.9
NYESA VALORES CO     NYE EO       -99766729.91  812943907.9
ORANGE CATALUNYA     4365565Z SM  -25422547.72  113962331.9
PANRICO SL           1087Z SM     -372238069.5   1219319614
PLANES E INVERSI     3795524Z SM   -72863651.9  220131915.6
PULLMANTUR SA        301590Z SM   -84915226.97  196732982.8
RANDSTAD EMPLEO      4285885Z SM  -58273106.53  432173483.1
REAL ZARAGOZA SA     4285533Z SM   -26642893.2  155342765.2
RENTA CORP           REN1GBP EO   -55365883.37  289916358.5
RENTA CORP           RENS PZ      -55365883.37  289916358.5
RENTA CORP           REN1GBX EU   -55365883.37  289916358.5
RENTA CORP           REN1GBX EO   -55365883.37  289916358.5
RENTA CORP           REN1USD EO   -55365883.37  289916358.5
RENTA CORP           RTACF US     -55365883.37  289916358.5
RENTA CORP           REN1 EO      -55365883.37  289916358.5
RENTA CORP           REN1 EU      -55365883.37  289916358.5
RENTA CORP           REN1USD EU   -55365883.37  289916358.5
RENTA CORP           REN1 TQ      -55365883.37  289916358.5
RENTA CORP           REN SM       -55365883.37  289916358.5
RENTA CORP REAL      REN/D SM     -55365883.37  289916358.5
REYAL URBIS SA       REY1 EU      -699015340.8   5992489048
REYAL URBIS SA       REY SM       -699015340.8   5992489048
REYAL URBIS SA       REYU PZ      -699015340.8   5992489048
REYAL URBIS SA       REY1 EO      -699015340.8   5992489048
SA DE SUPERMERCA     4373489Z SM  -24370843.85  162576231.9
SIDERURGICA SEVI     3755616Z SM  -6175305.125  255962721.9
SOGECABLE MEDIA      3638359Z SM  -3018000.191  182987292.3
SPANAIR              1174Z SM     -172531031.3  375809287.4
SUPERMERCADOS CH     3635999Z SM  -49108101.19  430829438.2
SUPERMERCADOS CO     4285781Z SM  -6271873.083  110251382.6
TELEVISION AUTON     3772924Z SM  -148813632.8  119454851.8
TIP TRAILERS ESP     3804444Z SM  -29242607.48  104149119.2
TROPICAL TURISTI     3639071Z SM  -25374266.69    535701945
TYCO ELECTRONICS     2335265Z SM  -143512076.6  258441853.6
UNITEC UNION TIE     3801344Z SM  -23207409.48  131213302.5
VIA OPERADOR PET     4510507Z SM  -22002322.05  129961207.4
VILLAVINAS SL        3790664Z SM  -4071759.503  112727175.1

SWEDEN
------
ATTENDO AB           4452873Z SS  -58148252.61   1244996834
CARLSBERG SVERIG     4008900Z SS  -7398371.724  324772773.9
KAROLINEN FASTIG     4008644Z SS  -906745.1282  122777361.3
PHADIA AB            842347Z SS   -140406774.4   2127579095
SWEDISH MA-RE RT     SWMASR SS    -284909084.5   2094817513
SWEDISH MAT-ADR      SWMA GR      -284909084.5   2094817513
SWEDISH MAT-ADR      3053566Q US  -284909084.5   2094817513
SWEDISH MATCH        SWD LI       -284909084.5   2094817513
SWEDISH MATCH AB     SWMA PZ      -284909084.5   2094817513
SWEDISH MATCH AB     SWMAUSD EO   -284909084.5   2094817513
SWEDISH MATCH AB     SWMAEUR EO   -284909084.5   2094817513
SWEDISH MATCH AB     SWMA EO      -284909084.5   2094817513
SWEDISH MATCH AB     SWMA EU      -284909084.5   2094817513
SWEDISH MATCH AB     SWM VX       -284909084.5   2094817513
SWEDISH MATCH AB     SWMAEUR EU   -284909084.5   2094817513
SWEDISH MATCH AB     SWM TH       -284909084.5   2094817513
SWEDISH MATCH AB     SWMA NQ      -284909084.5   2094817513
SWEDISH MATCH AB     SWMA IX      -284909084.5   2094817513
SWEDISH MATCH AB     SWMAGBP EO   -284909084.5   2094817513
SWEDISH MATCH AB     SWMA BY      -284909084.5   2094817513
SWEDISH MATCH AB     SWMA NR      -284909084.5   2094817513
SWEDISH MATCH AB     SWMA QM      -284909084.5   2094817513
SWEDISH MATCH AB     SWMA S1      -284909084.5   2094817513
SWEDISH MATCH AB     SWMA EB      -284909084.5   2094817513
SWEDISH MATCH AB     SWMA LI      -284909084.5   2094817513
SWEDISH MATCH AB     SWMAGBX EO   -284909084.5   2094817513
SWEDISH MATCH AB     SWM GR       -284909084.5   2094817513
SWEDISH MATCH AB     SWMAF US     -284909084.5   2094817513
SWEDISH MATCH AB     SWMAGBX EU   -284909084.5   2094817513
SWEDISH MATCH AB     SWMA SS      -284909084.5   2094817513
SWEDISH MATCH AB     SWMAUSD EU   -284909084.5   2094817513
SWEDISH MATCH AB     SWMA TQ      -284909084.5   2094817513
SWEDISH MATCH AB     SWMDF US     -284909084.5   2094817513
SWEDISH MATCH AB     SWMA GK      -284909084.5   2094817513
SWEDISH MATCH- B     SWMWF US     -284909084.5   2094817513
SWEDISH MATCH-B      3033P US     -284909084.5   2094817513
SWEDISH MAT-RTS      SWMYR US     -284909084.5   2094817513
SWEDISH M-UN ADR     SWMAY US     -284909084.5   2094817513

TURKEY
------
BESIKTAS FUTBOL      BKTFF US     -94748145.95  140991569.3
BESIKTAS FUTBOL      BJKAS TI     -94748145.95  140991569.3
BESIKTAS FUTBOL      BJKASM TI    -94748145.95  140991569.3
BESIKTAS FUTBOL      BJKASY TI    -94748145.95  140991569.3
BESIKTAS FUTBOL      BWX GR       -94748145.95  140991569.3
EGS EGE GIYIM VE     EGDIS TI     -7732135.103  147075077.7
EGS EGE GIYIM-RT     EGDISR TI    -7732135.103  147075077.7
GALATASARAY SPOR     GATSF US     -4380459.912  184132637.7
GALATASARAY SPOR     GSRAY TI     -4380459.912  184132637.7
GALATASARAY SPOR     GSY GR       -4380459.912  184132637.7
GALATASARAY SPOR     GALA IX      -4380459.912  184132637.7
GALATASARAY-NEW      GSRAYY TI    -4380459.912  184132637.7
IKTISAT FINAN-RT     IKTFNR TI    -46900666.64  108228233.6
IKTISAT FINANSAL     IKTFN TI     -46900666.64  108228233.6
KEREVITAS GIDA       KVTGF US     -2039534.235  117975034.3
KEREVITAS GIDA       KERVT TI     -2039534.235  117975034.3
MUDURNU TAVUKC-N     MDRNUN TI     -64935052.1  160420187.4
MUDURNU TAVUKCUL     MDRNU TI      -64935052.1  160420187.4
SIFAS                SIFAS TI      -15439194.7    130608104
TUTUNBANK            TUT TI        -4024959602   2643810457
YASARBANK            YABNK TI      -4024959602   2643810457

UKRAINE
-------
AZOVZAGALMASH MA     AZGM UZ      -75129759.84  474776539.2
CHERNIGIVS MAN-M     CHIM UZ      -8728378.486  105244397.8
CHERNIGIVS M-GDR     CKU GR       -8728378.486  105244397.8
DONETSKOBLENERGO     DOON UZ      -214112885.3  396954757.6
LUGANSKGAS           LYGZ UZ      -25247035.77    123851487
LUGANSKOBLENERGO     LOEN UZ      -28366834.81  198146239.7
MARIUP-GDR REG S     M9X GR       -11661586.28  260791838.5
MARIUP-GDR REG S     MZVM IX      -11661586.28  260791838.5
MARIUPOL HEAVY M     MZVM UZ      -11661586.28  260791838.5
NAFTOKHIMIK PRIC     NAFP UZ      -15635678.75    306266218
NAFTOKHIMIK-GDR      N3ZA GR      -15635678.75    306266218
ODESSA OIL REFIN     ONPZ UZ      -178447037.2  314744675.5
RIVNEAZOT            RAZT UZ      -27233614.57    417932243
ZALK - PFTS          ZALK UZ      -78409529.93  130383564.8
POLYUS GOLD INTE     653479Z UZ      -88561000    241726000
KION GROUP GMBH      834769Z GR   -534551768.5   7697629095

UNITED KINGDOM
--------------
3I PLC               2346795Z LN  -40072013.14  518266360.4
600 UK LTD           1282018Z LN  -731250.5356  123671540.8
ABBOTT MEAD VICK     648824Q LN   -1685854.552  168258996.3
ABF GRAIN PRODUC     1276922Z LN  -80622502.15  405377719.8
ACCIDENT EXCHANG     1927374L LN  -33094543.84  273916447.7
ACE INA SERVICES     1442282Z LN  -56846654.06  155841457.8
ACIS GROUP LTD       4159557Z LN  -29529317.19  122639068.7
ACORN CARE AND E     1238567Z LN   -70886168.8  120665053.6
ACROMAS HOLDINGS     3109266Z LN   -2744136431  11102400350
ADVANCE DISPLAY      ADTP PZ       -2983757364   2562677211
AEA TECHNOLO-FPR     AATF PZ        -112607939  201762583.9
AEA TECHNOLO-FPR     AATF LN        -112607939  201762583.9
AEA TECHNOLOGY       AAT PO         -112607939  201762583.9
AEA TECHNOLOGY       EAETF US       -112607939  201762583.9
AEA TECHNOLOGY       AAT VX         -112607939  201762583.9
AEA TECHNOLOGY       AAT IX         -112607939  201762583.9
AEA TECHNOLOGY G     AAT PZ         -112607939  201762583.9
AEA TECHNOLOGY G     89A GR         -112607939  201762583.9
AEA TECHNOLOGY G     AAT EU         -112607939  201762583.9
AEA TECHNOLOGY G     AAT EO         -112607939  201762583.9
AEA TECHNOLOGY G     AAT LN         -112607939  201762583.9
AEA TECHNOLOGY G     AATGBP EO      -112607939  201762583.9
AEA TECHNOLO-NPR     AATN LN        -112607939  201762583.9
AEA TECHNOLO-NPR     AATN PZ        -112607939  201762583.9
AFFINITI INTEGRA     1651064Z LN  -743208854.7    241654750
AGA RANGEMASTER      4160101Z LN  -135154885.9    370549810
AGORA SHOPPING C     214766Z LN   -44716668.29  244995279.1
AIRTOURS PLC         ATORF US     -379721780.5   1817512774
AIRTOURS PLC         AIR LN       -379721780.5   1817512774
AIRTOURS PLC         AIR VX       -379721780.5   1817512774
ALCATEL-LUCENT T     2645055Z LN  -8743499.127  423399404.1
ALIXPARTNERS LTD     2578482Z LN  -20704239.37  115351021.9
ALLDAYS PLC          ALDYF US       -120493900  252232072.9
ALLDAYS PLC          317056Q LN     -120493900  252232072.9
ALLIANCE & LEICE     1603082Z LN  -362196734.3   3707298376
ALLIANZ MANAGEME     4160221Z LN  -25811484.64  191970654.7
ALTON TOWERS RES     4496763Z LN  -10652990.57  233239679.4
AMER BUS SYS         ARB LN         -497126976    121439000
AMEY PLC             AMY VX       -48862569.33  931527720.5
AMEY PLC             AMEYF US     -48862569.33  931527720.5
AMEY PLC             AMY LN       -48862569.33  931527720.5
AMEY PLC-ASSENT      AMYA LN      -48862569.33  931527720.5
AMEY PLC-NEW         AMYN LN      -48862569.33  931527720.5
ANGLESEY ALUMINI     3899138Z LN  -31293037.69  162854170.3
ANGLESEY ALUMINI     1363682Z LN  -92021199.08  162854170.3
ANKER PLC            DW14 GR      -21861359.81    115463159
ANKER PLC            ANK LN       -21861359.81    115463159
ANKER PLC            ANK PO       -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
APPERLEY REALISA     3951420Z LN  -32792784.91  184057205.1
ARGENTA UNDERWRI     2619614Z LN   -1752171.43  135965410.7
ASHWELL PROPERTY     4165857Z LN  -192048023.3  200163088.3
ASPIRE HOUSING L     1820890Z LN  -76622621.06  145635258.6
ASTRIUM LTD          2568578Z LN  -90555016.55  456797651.8
AT KEARNEY HOLDI     4168565Z LN  -712649.2612  420870276.2
ATP OIL & GAS UK     1885966Z LN  -60472161.29  263293265.1
AUDIT COMMISSION     3954964Z LN  -117444297.5  140317611.7
AUTOMOBILE ASSOC     1479490Z LN  -33757452.81   1402428072
AVAYA UK             1700688Z LN  -28200251.54  331855473.3
AVIVA CENTRAL SE     4503755Z LN  -118366561.9  856513593.7
AVIVA EMPLOYMENT     1749312Z LN   -1672441720    168553324
BAE SYSTEMS INTE     2344987Z LN  -77756535.83  440742839.3
BAE SYSTEMS LAND     1069210Z LN  -74963208.91  373186409.6
BAE SYSTEMS LAND     1111359Z LN  -200240896.5  438322592.3
BAE SYSTEMS PROP     1151751Z LN  -87647151.12  896957185.8
BAE SYSTEMS SURF     1979118Z LN  -459281987.9  278902868.6
BANK OF SCOTLAND     1419810Z LN  -10880522.24  570678372.7
BARCHESTER HOLDC     4391889Z LN  -29571912.71   1847591976
BARRACUDA GROUP      3636Z LN     -395586366.9    328358578
BASINGHALL FINAN     1127799Z LN  -9318896.893   1118303697
BAT CHINA LTD        1281226Z LN  -242792796.6  103934859.5
BAT UK & EXPORT      4509491Z LN  -349911284.7   2485988824
BCH GROUP PLC        BCH LN       -5728273.973  187993198.2
BDP HOLDINGS LTD     3796920Z LN  -5521777.438    114452852
BENTLEY MOTORS L     1376666Z LN  -161438838.6  949891659.2
BETFAIR LTD          83844Z LN    -26079415.01  461076110.5
BGE UK LTD           1653368Z LN  -34093758.69  497857124.3
BIFFA LTD            BIFF LN      -380391564.8   3021695633
BIFFA PLC            2758798Q EO  -380391564.8   3021695633
BIFFA PLC            BIFF IX      -380391564.8   3021695633
BIFFA PLC            BIFAF US     -380391564.8   3021695633
BIFFA PLC            2758802Q EO  -380391564.8   3021695633
BIFFA PLC            2758822Q EO  -380391564.8   3021695633
BIFFA PLC            2758818Q EU  -380391564.8   3021695633
BIFFA PLC            3567279Q GR  -380391564.8   3021695633
BIFFA PLC            2758806Q EO  -380391564.8   3021695633
BIFFA PLC            BIFF PZ      -380391564.8   3021695633
BIFFA PLC            2758794Q EU  -380391564.8   3021695633
BIRMINGHAM MAILB     1781057Z LN  -6608952.843  116466648.8
BIRSE CIVILS LTD     1333506Z LN  -17529759.02  148612506.4
BLACK & EDGINGTO     BLE LN       -133034755.3  130464035.4
BLACK HORSE FINA     2603342Z LN  -769429.5864   1628936017
BLACKWELL PUBLIS     80044Z LN    -1289834.531  223671685.3
BMI                  1113Z LN     -216730247.2  520473243.2
BNB RECRUITMENT      BNB LN       -10242625.55    103637705
BNB RECRUITMENT      BNB IX       -10242625.55    103637705
BNB RECRUITMENT      BNB PO       -10242625.55    103637705
BNB RECRUITMENT      BQX GR       -10242625.55    103637705
BNB RECRUITMENT      BNBRF US     -10242625.55    103637705
BOLTON WANDERERS     1274042Z LN    -109297588  124148929.4
BOOKER PLC           BKERF US     -59832893.13   1298182549
BOOKER PLC           987188Q LN   -59832893.13   1298182549
BOOKER PLC           1330Q GR     -59832893.13   1298182549
BOOKER PLC-ADR       BOK$ LN      -59832893.13   1298182549
BOOKER PLC-ADR       BKRUY US     -59832893.13   1298182549
BOSTON MAYFLOWER     1845650Z LN  -38702577.78  104489726.5
BP EXPLORATION A     1085738Z LN  -11474454.61   1521107023
BRADSTOCK GROUP      BSKGF US     -1855444.639  268563822.5
BRADSTOCK GROUP      BDK LN       -1855444.639  268563822.5
BRB RESIDUARY LT     2872503Z LN  -300504689.6  399749459.7
BRENT WALKER GRP     754087Q LN    -1774306283  867084131.8
BRENT WALKER GRP     BWKGF US      -1774306283  867084131.8
BRICKAGENT LTD       1194055Z LN  -7097524.821  348579284.1
BRIT BROADCAST       1517Z LN     -690133931.4   5734507056
BRIT ENERGY LTD      523362Q LN    -5822867501   4921095750
BRIT ENERGY PLC      BHEGF US      -5822867501   4921095750
BRIT ENERGY PLC      BEN1 GR       -5822867501   4921095750
BRIT ENERGY PLC      BGYEF US      -5822867501   4921095750
BRIT ENERGY PLC      555140Q VX    -5822867501   4921095750
BRIT ENERGY-A        BENA GR       -5822867501   4921095750
BRIT ENERGY-ADR      BHEFF US      -5822867501   4921095750
BRITISH ENER-$US     BGYD AR       -5822867501   4921095750
BRITISH ENER-$US     BGYNYD AR     -5822867501   4921095750
BRITISH ENER-ADR     BGYNY US      -5822867501   4921095750
BRITISH ENER-BLK     BGYNYB AR     -5822867501   4921095750
BRITISH ENER-BLK     BGYB AR       -5822867501   4921095750
BRITISH ENER-C/E     BGYNYC AR     -5822867501   4921095750
BRITISH ENER-C/E     BGYC AR       -5822867501   4921095750
BRITISH ENER-CED     BGYNY AR      -5822867501   4921095750
BRITISH ENER-CED     BGY AR        -5822867501   4921095750
BRITISH ENERGY-A     BGYGF US      -5822867501   4921095750
BRITISH ENERGY-A     BHEAF US      -5822867501   4921095750
BRITISH ENERGY-A     BGYA VX       -5822867501   4921095750
BRITISH ENERGY-A     BGYA PO       -5822867501   4921095750
BRITISH ENERGY-A     3012442Q LN   -5822867501   4921095750
BRITISH TRANSPOR     4015740Z LN  -363269422.4  158334015.9
BRIXTON GREAT WE     1242343Z LN  -24193317.48  164120047.9
BTG INTERNATIONA     2815068Z LN  -4253521.919  408338104.2
BUNZL VENDING SE     1626514Z LN  -3627717.453    117295226
BURNDEN LEISURE      BDL LN       -92092299.62  136726201.7
CALSONIC KANSEI      1541442Z LN  -38998494.18  298627314.6
CALSONIC KANSEI      2730264Z LN  -112686897.5    233439821
CANARY WHARF FIN     1198063Z LN  -133871013.2   4239121844
CAPITAL HOME LOA     3809804Z LN  -15503258.05  16833730499
CARILLION SERVIC     1692592Z LN  -6947459.591  181597321.7
CARISBROOKE ANGL     3815488Z LN  -67887962.81  125396545.6
CARLISLE GROUP       506819Q LN   -11904428.42    203548565
CATTLES PLC          CTT TQ       -599615492.2   3880885246
CATTLES PLC          CHOXF US     -599615492.2   3880885246
CATTLES PLC          CZS GR       -599615492.2   3880885246
CATTLES PLC          CTTSEK EU    -599615492.2   3880885246
CATTLES PLC          CTTSEK EO    -599615492.2   3880885246
CATTLES PLC          CTT LN       -599615492.2   3880885246
CATTLES PLC          CTTEUR EO    -599615492.2   3880885246
CATTLES PLC          CTT QM       -599615492.2   3880885246
CATTLES PLC          CTT NR       -599615492.2   3880885246
CATTLES PLC          CTT EO       -599615492.2   3880885246
CATTLES PLC          CTT EB       -599615492.2   3880885246
CATTLES PLC          CTTUSD EU    -599615492.2   3880885246
CATTLES PLC          CTT IX       -599615492.2   3880885246
CATTLES PLC          CTT PZ       -599615492.2   3880885246
CATTLES PLC          CTT PO       -599615492.2   3880885246
CATTLES PLC          CTTGBP EO    -599615492.2   3880885246
CATTLES PLC          CTT NQ       -599615492.2   3880885246
CATTLES PLC          CTT BQ       -599615492.2   3880885246
CATTLES PLC          CTT EU       -599615492.2   3880885246
CATTLES PLC          CTTUSD EO    -599615492.2   3880885246
CATTLES PLC          CTTEUR EU    -599615492.2   3880885246
CATTLES PLC          CTT VX       -599615492.2   3880885246
CATTLES PLC-ADR      CHOXY US     -599615492.2   3880885246
CATTLES PLC-FPR      CTTF LN      -599615492.2   3880885246
CATTLES PLC-FPR      CTTF PZ      -599615492.2   3880885246
CATTLES PLC-NPR      CTTN IX      -599615492.2   3880885246
CATTLES PLC-NPR      2843726Q EO  -599615492.2   3880885246
CATTLES PLC-NPR      CTTN LN      -599615492.2   3880885246
CATTLES PLC-NPR      CTTN PZ      -599615492.2   3880885246
CATTLES PLC-NPR      2843734Q EO  -599615492.2   3880885246
CATTLES PLC-NPR      2843730Q EU  -599615492.2   3880885246
CATTLES PLC-NPR      CCTN PZ      -599615492.2   3880885246
CATTLES PLC-RFD      CTTR LN      -599615492.2   3880885246
CATTLES PLC-RFD      CTTR IX      -599615492.2   3880885246
CATTLES PLC-RFD      CTTR PZ      -599615492.2   3880885246
CHANNEL 5 TELEVI     93306Z LN     -3955940.23  440416449.8
CHELSEA FOOTBALL     1508858Z LN  -645325606.2  325028457.3
CHRYSALIS GROUP      HR4 GR       -16399845.81  124838262.3
CHRYSALIS GROUP      CHSUSD EU    -16399845.81  124838262.3
CHRYSALIS GROUP      CHS PZ       -16399845.81  124838262.3
CHRYSALIS GROUP      CHS EU       -16399845.81  124838262.3
CHRYSALIS GROUP      CHSUSD EO    -16399845.81  124838262.3
CHRYSALIS GROUP      CYGUF US     -16399845.81  124838262.3
CHRYSALIS GROUP      CHSEUR EO    -16399845.81  124838262.3
CHRYSALIS GROUP      CHSGBP EO    -16399845.81  124838262.3
CHRYSALIS GROUP      CHS EO       -16399845.81  124838262.3
CHRYSALIS GROUP      5CY GR       -16399845.81  124838262.3
CHRYSALIS GROUP      CHS VX       -16399845.81  124838262.3
CHRYSALIS GROUP      CHS IX       -16399845.81  124838262.3
CHRYSALIS GROUP      CHS LN       -16399845.81  124838262.3
CHRYSALIS GROUP      CHSEUR EU    -16399845.81  124838262.3
CHRYSALIS GROUP      CHS PO       -16399845.81  124838262.3
CHRYSALIS GROUP      CLYSF US     -16399845.81  124838262.3
CHRYSALIS MUSIC      1082762Z LN  -5036846.092  103320003.7
CLIPPER WINDPOWE     CWP PZ         -168322000    436419008
CLIPPER WINDPOWE     CWPA LN        -168322000    436419008
CLIPPER WINDPOWE     CWP EO         -168322000    436419008
CLIPPER WINDPOWE     CRPWF US       -168322000    436419008
CLIPPER WINDPOWE     CWP EU         -168322000    436419008
CLIPPER WINDPOWE     C2W GR         -168322000    436419008
CLIPPER WINDPOWE     CWP PG         -168322000    436419008
CLIPPER WINDPOWE     CWP IX         -168322000    436419008
CLIPPER WINDPOWE     CWP LN         -168322000    436419008
CLIPPER WINDPOWE     3470635Q LN    -168322000    436419008
COMMERCIAL VEHIC     1575514Z LN  -19637.28046    146760852
COMMUNITY HOUSIN     4448257Z LN   -14511411.3  202470921.6
COMO HOLDINGS UK     3818576Z LN  -23709992.86  122013803.9
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
CONNECT M77/GSO      2028763Z LN  -30886645.59  222325514.3
CONNECT UTILITIE     2112683Z LN  -5647965.724  124871701.7
CONVENIENCE FOOD     1555794Z LN  -76242510.77    781213617
COOLKEERAGH ESB      4471679Z LN  -52669832.08  317763242.1
COTT BEVERAGES L     605912Z LN   -16895546.47  184391857.8
COTT RETAIL BRAN     4499739Z LN   -15275862.4  184176726.3
CPI MORTARS LTD      1751696Z LN  -24785356.36  119460176.9
CPW NETWORK SERV     2118451Z LN  -58330905.18  134962119.3
CROSBY GROUP PLC     237335Z LN   -122188674.2  211009635.6
CROSS KEYS HOMES     2008711Z LN  -123895266.7  168685502.5
CROWN BLUE LINE      1369234Z LN  -5491244.659  143228058.8
CSC METROCENTRE      1203663Z LN  -177523497.7    231888247
CUCINA LUX INVES     4503083Z LN  -332083965.3   3040705457
DANE HOUSING GRO     1773129Z LN  -34728487.36  131110255.8
DANKA BUS SYSTEM     DNK LN         -497126976    121439000
DANKA BUS SYSTEM     DANKF US       -497126976    121439000
DANKA BUS SYSTEM     DNK VX         -497126976    121439000
DANKA BUS SYSTEM     DNK PO         -497126976    121439000
DANKA BUS SYSTEM     DNK PZ         -497126976    121439000
DANKA BUS SYSTEM     DNK IX         -497126976    121439000
DANKA BUS SYSTEM     3205287Q EU    -497126976    121439000
DANKA BUS SYSTEM     3205283Q EO    -497126976    121439000
DANKA BUS SYSTEM     3205291Q EO    -497126976    121439000
DANKA BUS-$US CE     DANKD AR       -497126976    121439000
DANKA BUS-ADR        DB6 GR         -497126976    121439000
DANKA BUS-ADR        AP39 LI        -497126976    121439000
DANKA BUS-ADR        DANKE US       -497126976    121439000
DANKA BUS-ADR        DANKY US       -497126976    121439000
DANKA BUS-BLK CE     DANKB AR       -497126976    121439000
DANKA BUS-C/E CE     DANKC AR       -497126976    121439000
DANKA BUS-CEDEAR     DANK AR        -497126976    121439000
DAVENHAM GROUP P     DAV PZ       -57317833.22  114701147.6
DAVENHAM GROUP P     DAV EO       -57317833.22  114701147.6
DAVENHAM GROUP P     DAV EU       -57317833.22  114701147.6
DAVENHAM GROUP P     DAV PG       -57317833.22  114701147.6
DAVENHAM GROUP P     DAH GR       -57317833.22  114701147.6
DAVENHAM GROUP P     DAVEUR EO    -57317833.22  114701147.6
DAVENHAM GROUP P     DAH TH       -57317833.22  114701147.6
DAVENHAM GROUP P     DAV LN       -57317833.22  114701147.6
DCK GROUP LTD        4006628Z LN  -23972516.74  108515833.6
DE STEFANO INVES     3814768Z LN  -10968616.22    208612111
DELTA 3 UK LTD       4087083Z LN   -2278970462   8024284919
DHL EXPRESS UK L     1564450Z LN  -588968969.9  178269906.1
DIAMOND RESORT H     1710824Z LN  -36346087.76    199633867
DIAMOND RESORTS      1578906Z LN  -55241260.22  185000514.5
DISPOSABLE SOFT      1124335Z LN  -25554763.54  154077028.1
DONCASTERS PLC       2248Z LN     -317308195.4   1941958348
DONCASTERS-ADR       295664Q US   -317308195.4   1941958348
DRIVE ASSIST HOL     3641135Z LN  -129629293.2  804046536.3
DTZ DEBENHAM TIE     1637608Z LN  -65367918.17    431959182
E ON RUHRGAS UK      1671208Z LN  -205306824.5  401477872.3
E ON UK CHP LTD      2642428Z LN  -475664052.2  262876104.5
EASYNET GROUP        EAY GR       -60380605.51  334049332.2
EASYNET GROUP        ESY PO       -60380605.51  334049332.2
EASYNET GROUP        EZNGF US     -60380605.51  334049332.2
EASYNET GROUP        ESY LN       -60380605.51  334049332.2
EASYNET GROUP        ESY VX       -60380605.51  334049332.2
EASYNET GROUP-CV     91009Z LN    -60380605.51  334049332.2
ECONOMIST NEWSPA     6888Z LN     -2941080.267  399071232.6
EDF ENERGY 1 LTD     1201287Z LN  -185411355.3  354815290.3
EMI GROUP -ASSD      EMIA LN       -2265916257   2950021937
EMI GROUP LTD        EMI LN        -2265916257   2950021937
EMI GROUP PLC        EMI VX        -2265916257   2950021937
EMI GROUP PLC        EMIPF US      -2265916257   2950021937
EMI GROUP PLC        EMI PO        -2265916257   2950021937
EMI GROUP PLC        3020138Q GR   -2265916257   2950021937
EMI GROUP PLC        EMI IX        -2265916257   2950021937
EMI GROUP PLC-B      1019425Q LN   -2265916257   2950021937
EMI GROUP-ADR        EMI$ LN       -2265916257   2950021937
EMI GROUP-ADR        38IS LN       -2265916257   2950021937
EMI GROUP-ADR        EMIPY US      -2265916257   2950021937
ENERGY POWER RES     510443Z LN   -93963662.92  168611857.1
EQUINITI LTD         977621Z LN   -93668087.43  951504738.1
EQUITY INSURANCE     1284698Z LN   -17694968.8  178126828.2
ERM GROUP HOLDIN     3125976Z LN  -163200611.7    627934170
ERM-EUROPE LTD       1539482Z LN  -6211608.917  222158884.2
ESPORTA HEALTH &     1689624Z LN  -15075296.84  156183034.4
EUROPEAN HOME        EHR EU       -14328735.16  110864081.4
EUROPEAN HOME        EHR PO       -14328735.16  110864081.4
EUROPEAN HOME        EHR4 EO      -14328735.16  110864081.4
EUROPEAN HOME        EHR1 EO      -14328735.16  110864081.4
EUROPEAN HOME        EHR9 EO      -14328735.16  110864081.4
EUROPEAN HOME        FPAKF US     -14328735.16  110864081.4
EUROPEAN HOME        EHRGBP EO    -14328735.16  110864081.4
EUROPEAN HOME        EHR8 EO      -14328735.16  110864081.4
EUROPEAN HOME        EHR LN       -14328735.16  110864081.4
EUROPEAN HOME        EHR PZ       -14328735.16  110864081.4
EUROPEAN HOME        EHR7 EO      -14328735.16  110864081.4
EUROPEAN HOME        EHR3 EO      -14328735.16  110864081.4
EUROPEAN HOME        EHR5 EO      -14328735.16  110864081.4
EUROPEAN HOME        EHR6 EO      -14328735.16  110864081.4
EUROPEAN HOME        EHR10 EO     -14328735.16  110864081.4
EUROPEAN HOME        KLZ PO       -14328735.16  110864081.4
EUROPEAN HOME        KLZ VX       -14328735.16  110864081.4
EUROPEAN HOME        EHREUR EO    -14328735.16  110864081.4
EUROPEAN HOME        EHR VX       -14328735.16  110864081.4
EUROPEAN HOME        EHREUR EU    -14328735.16  110864081.4
EUROPEAN HOME        EHR EO       -14328735.16  110864081.4
EUROPEAN HOME        EHR2 EO      -14328735.16  110864081.4
EUROSTAR INTERNA     4379945Z LN   -2296294817  600452807.4
EXXONMOBIL MARIN     1196527Z LN  -11436778.26  350633878.1
FAIRLINE BOATS H     4498779Z LN  -13944238.58  114504852.8
FAREPAK PLC          FPK LN       -14328735.16  110864081.4
FINANCIAL SERVIC     2630281Z LN  -167558381.3  246856182.8
FIRST CHOICE HOL     1098394Z LN  -599861682.6  608849393.2
FIRST MANCHESTER     1651368Z LN  -1085204.011  152518055.1
FIRST SOUTH YORK     1575010Z LN  -17765193.06  105951310.3
FITNESS FIRST CL     1734144Z LN  -4542316.813  262997348.7
FITNESS FIRST GR     4501843Z LN  -831355754.2   1655609515
FLECTAT LTD          1160967Z LN  -53637033.56  103228447.6
FLUKE PRECISION      1429402Z LN  -991319.9558  125904210.3
FLYBE LTD            6621Z LN     -118366561.9  450450527.2
FOOTBALL FOUNDAT     3958180Z LN  -1856870.101    108334858
FORD MOTOR CO LT     1291306Z LN  -493779397.8   5534240380
FOUR SEASONS HEA     1865450Z LN    -103869946    365540616
FUJIFILM IMAGING     2113899Z LN  -9049513.414  101994398.3
FUNDING CORP LTD     4157637Z LN  -28925795.68  201083535.3
FW FARNSWORTH LT     1293386Z LN  -44420065.35  102695080.1
GALA GROUP LTD       19374Z LN     -1443271177   5876950503
GALIFORM CORPORA     1478794Z LN  -49876078.98  987241731.3
GAMESTEC LEISURE     1432626Z LN  -22918299.36  107315419.3
GARTLAND WHALLEY     GWB LN        -10986768.6  145352034.5
GE CALEDONIAN LT     2178340Z LN  -162433000.9    291389984
GE MONEY SECURED     1194559Z LN  -86537323.69  719721515.9
GENERAL MOTORS       1062338Z LN   -1083369252   1738332123
GETRONICS UK LTD     1446978Z LN  -21428395.69  105267195.7
GGT GROUP PLC        500970Q LN     -156372272  408211200.9
GGT GROUP-ADR        GGTRY US       -156372272  408211200.9
GLAXOSMITHKLINE      1426Z LN     -9429285.587  13095256920
GLOBAL CROSSING      3629883Z LN  -353965082.8  492328850.3
GLOBAL RADIO SER     4171741Z LN  -58536057.18  145897320.9
GONDOLA GROUP LT     4499995Z LN  -284524422.8   1496226646
GONDOLA HOLD         913024Q GR   -284524422.8   1496226646
GONDOLA HOLD         GND VX       -284524422.8   1496226646
GONDOLA HOLDINGS     GND IX       -284524422.8   1496226646
GONDOLA HOLDINGS     GND LN       -284524422.8   1496226646
GONDOLA HOLD-NEW     GNDB LN      -284524422.8   1496226646
GONDOLA HOLD-NEW     GNDA LN      -284524422.8   1496226646
GOODRICH CONTROL     3631571Z LN    -203464797  600544111.2
GRAINGER FINANCE     1850494Z LN  -22474336.95   1950379725
GRANT THORNTON U     961842Z LN   -87634636.95  389831122.7
GREEN (E) & PART     GEP LN       -32392901.23  196106689.5
HALDEX CONCENTRI     4160093Z LN  -29953316.08  111499657.3
HARMSWORTH PRINT     1552314Z LN  -17382531.76  325365175.8
HARMSWORTH PRINT     1719464Z LN  -46809590.17  171744856.2
HARMSWORTH QUAYS     1552378Z LN  -109747106.9  292508124.8
HAYMARKET GROUP      4158941Z LN    -100498143  307693877.6
HEREFORDSHIRE HO     1945190Z LN  -2634668.462    110312423
HESS INDONESIA P     1705776Z LN  -56622019.25  582889084.6
HMV GROUP -GDR       29362Z US    -92987530.85  883465014.8
HMV GROUP -GDR       276960Q GR   -92987530.85  883465014.8
HMV GROUP PLC        HMV PO       -92987530.85  883465014.8
HMV GROUP PLC        HMV10 EO     -92987530.85  883465014.8
HMV GROUP PLC        HMVUSD EO    -92987530.85  883465014.8
HMV GROUP PLC        HMV2 EO      -92987530.85  883465014.8
HMV GROUP PLC        HM4 GK       -92987530.85  883465014.8
HMV GROUP PLC        HMV1 EO      -92987530.85  883465014.8
HMV GROUP PLC        HMV LN       -92987530.85  883465014.8
HMV GROUP PLC        HMV NR       -92987530.85  883465014.8
HMV GROUP PLC        HM4 GR       -92987530.85  883465014.8
HMV GROUP PLC        HMV VX       -92987530.85  883465014.8
HMV GROUP PLC        HMV9 EO      -92987530.85  883465014.8
HMV GROUP PLC        HMV IX       -92987530.85  883465014.8
HMV GROUP PLC        HMV4 EO      -92987530.85  883465014.8
HMV GROUP PLC        HMVUSD EU    -92987530.85  883465014.8
HMV GROUP PLC        HMV NQ       -92987530.85  883465014.8
HMV GROUP PLC        HMV EO       -92987530.85  883465014.8
HMV GROUP PLC        HMV QM       -92987530.85  883465014.8
HMV GROUP PLC        HMV PZ       -92987530.85  883465014.8
HMV GROUP PLC        HMVEUR EO    -92987530.85  883465014.8
HMV GROUP PLC        HMV5 EO      -92987530.85  883465014.8
HMV GROUP PLC        HMV7 EO      -92987530.85  883465014.8
HMV GROUP PLC        HMV EB       -92987530.85  883465014.8
HMV GROUP PLC        HMV TQ       -92987530.85  883465014.8
HMV GROUP PLC        HMV BQ       -92987530.85  883465014.8
HMV GROUP PLC        HMVMF US     -92987530.85  883465014.8
HMV GROUP PLC        HMVEUR EU    -92987530.85  883465014.8
HMV GROUP PLC        HMV S1       -92987530.85  883465014.8
HMV GROUP PLC        HMV3 EO      -92987530.85  883465014.8
HMV GROUP PLC        HMV EU       -92987530.85  883465014.8
HMV GROUP PLC        HMV6 EO      -92987530.85  883465014.8
HMV GROUP PLC        HMV8 EO      -92987530.85  883465014.8
HMV GROUP PLC        HMVGBP EO    -92987530.85  883465014.8
HOLIDAY AUTOS IN     1155863Z LN  -52099341.51  222704774.4
HOME RETAIL GROU     1897678Z LN  -70921714.17  750699513.1
HOMEFIELD PVT UK     4501835Z LN  -13668996.51  455224068.7
HOUSE FRASER-ADR     HSFRY US     -14410799.86  200149998.1
HOUSE FRASER-ADR     HOFSY US     -14410799.86  200149998.1
HOUSE OF FRASER      HOF PO       -14410799.86  200149998.1
HOUSE OF FRASER      HOF PZ       -14410799.86  200149998.1
HOUSE OF FRASER      HOF VX       -14410799.86  200149998.1
HOUSE OF FRASER      HOF LN       -14410799.86  200149998.1
HOUSE OF FRASER      HSFRF US     -14410799.86  200149998.1
HOUSE OF FRASER      HOF IX       -14410799.86  200149998.1
HUTCHISON 3G UK      265923Z LN    -2558478023  10215382954
HUTCHISON 3G UK      1870250Z LN  -10150197192  10089105316
HYDREX HOLDINGS      4156949Z LN  -150849963.2  145584295.2
IG GROUP LTD         4502843Z LN   -1681700671    208248450
IGLO FOODS GROUP     2332487Z LN  -427711801.4   3363661535
IKANO FINANCIAL      2599182Z LN  -11016514.34  150562302.2
INCOMMUNITIES GR     4508531Z LN   -89005973.7  440297257.7
INEOS GROUP HLDG     6623Z LN     -583710740.2  15449555292
INEOS MANUFACTUR     2170452Z LN  -6726362.412   1831309315
INEOS VINYLS UK      1072618Z LN  -236733123.8  260899630.2
INFORMA UK LTD       699186Z LN   -267015729.6   1019729118
INN ON THE PARK      1111959Z LN  -20164779.75  213273261.3
INSPIRED GAMING      1181783Z LN  -87284373.38  396170831.1
INTELLIGENT FINA     1645352Z LN  -18232958.48  154556014.8
INTELLIGENT PROC     1897878Z LN  -16714344.93  183346516.4
INTERFLOOR GROUP     317371Z LN   -6491968.079  102342688.7
INTERNATIONAL RE     1074242Z LN  -43752001.08  114451373.2
INTERNATIONAL TR     1647720Z LN  -2256724.849  114588447.6
INTEROUTE COMMUN     214906Z LN   -100076490.6  843548864.4
IRANIAN OIL CO U     1380570Z LN   -88170857.4  370135921.5
JARVIS PLC           JRVS EO      -64739862.73    130951086
JARVIS PLC           JRV EO       -64739862.73    130951086
JARVIS PLC           JRVS5 EO     -64739862.73    130951086
JARVIS PLC           JRVS6 EO     -64739862.73    130951086
JARVIS PLC           JRVS9 EO     -64739862.73    130951086
JARVIS PLC           JRVS4 EO     -64739862.73    130951086
JARVIS PLC           JRVS PO      -64739862.73    130951086
JARVIS PLC           JRVS7 EO     -64739862.73    130951086
JARVIS PLC           JRVS1 EO     -64739862.73    130951086
JARVIS PLC           JRVS PZ      -64739862.73    130951086
JARVIS PLC           JVSPF US     -64739862.73    130951086
JARVIS PLC           JRVS EU      -64739862.73    130951086
JARVIS PLC           JRVS VX      -64739862.73    130951086
JARVIS PLC           JRVS IX      -64739862.73    130951086
JARVIS PLC           JRVSEUR EO   -64739862.73    130951086
JARVIS PLC           JRVSEUR EU   -64739862.73    130951086
JARVIS PLC           JRVSGBP EO   -64739862.73    130951086
JARVIS PLC           JRVS8 EO     -64739862.73    130951086
JARVIS PLC           JRVS LN      -64739862.73    130951086
JARVIS PLC           JVR GR       -64739862.73    130951086
JARVIS PLC           JRVS2 EO     -64739862.73    130951086
JARVIS PLC           JRVS3 EO     -64739862.73    130951086
JDR ENTERPRISES      3947788Z LN  -18283944.55  190661628.9
JESSOPS PLC          JS4 GR       -42702018.35  112964060.4
JESSOPS PLC          JSPGBP EO    -42702018.35  112964060.4
JESSOPS PLC          JSP PO       -42702018.35  112964060.4
JESSOPS PLC          JSP VX       -42702018.35  112964060.4
JESSOPS PLC          JSPEUR EU    -42702018.35  112964060.4
JESSOPS PLC          JSP LN       -42702018.35  112964060.4
JESSOPS PLC          JSP IX       -42702018.35  112964060.4
JESSOPS PLC          JSP EU       -42702018.35  112964060.4
JESSOPS PLC          JSP PZ       -42702018.35  112964060.4
JESSOPS PLC          JSP EO       -42702018.35  112964060.4
JESSOPS PLC          JSPEUR EO    -42702018.35  112964060.4
JS BLOOR SWINDON     1568906Z LN  -5329885.206  110390972.1
JVC EUROPE LTD       2667041Z LN  -2824766.239  131996942.9
KAZAKHGO-GDR         KZG LI          -88561000    241726000
KAZAKHGO-GDR         KZGI LI         -88561000    241726000
KAZAKHGO-GDR         KZGQ IX         -88561000    241726000
KAZAKHGO-GDR         KZQGI IX        -88561000    241726000
KAZAKHGOLD- 144A     768834Z LI      -88561000    241726000
KAZAKHGOLD GP LT     KGZ HK          -88561000    241726000
KAZAKHGOLD-REG T     KZGT LI         -88561000    241726000
KAZAKHGOLD-REGS      3683241Q LI     -88561000    241726000
KELLOGG MANAGEME     1739336Z LN  -5288683.744  348135786.3
KESTREL HOLDINGS     4499515Z LN  -3577225.606  950172823.8
KEW GREEN HOTELS     1031803Z LN  -16234267.92    219908068
KIA MOTORS UK LT     1985990Z LN   -34025454.6  315596502.8
KIER DEVELOPMENT     86900Z LN    -6527759.314  275699248.6
KILMARTIN HOLDIN     3589161Z LN  -32467784.16  576731039.1
KILMARTIN PROPER     534862Z LN    -37743228.9  444220212.7
KLEENEZE PLC         KLZ LN       -14328735.16  110864081.4
KODAK LTD            1275242Z LN  -180673404.9  661044368.6
LAMBERT FENCHURC     LMF LN       -1453050.041   1826806853
LANCASTER INVEST     1575538Z LN  -54823340.19  121302849.6
LAND SECURITIES      1371626Z LN  -103330200.3   4796043425
LAPSENT LTD          203678Z LN   -26875940.03  200397842.7
LAST MINUTE NETW     1180895Z LN  -588292610.9  572322264.9
LATIMER GROUP LT     4089809Z LN  -397652099.9  909970808.9
LAZARD & CO SERV     2575394Z LN  -3197910.908  103653546.3
LEEDS SPORTING       LEDPF US      -73166148.8  143762193.7
LEEDS SPORTING       LES LN        -73166148.8  143762193.7
LEEDS UNITED PLC     889687Q GR    -73166148.8  143762193.7
LEEDS UNITED PLC     LUFC LN       -73166148.8  143762193.7
LEEDS UNITED PLC     LDSUF US      -73166148.8  143762193.7
LEGAL & GENERAL      1575290Z LN  -1113055.576  157485589.7
LGC LTD              161695Z LN   -44759203.51  163172696.4
LINK FINANCIAL       3041Z LN     -63296738.93  226722478.9
LIONCOVER INSURA     1120431Z LN  -221632.1611  741441082.5
LLOYDS TSB CORPO     2045779Z LN  -7210252.406  310036480.9
LLOYDS TSB EQUIP     1214495Z LN  -661481.4498  334557469.7
LLOYDS TSB EQUIP     1238423Z LN  -1919544.165  270438080.8
LOGICA INTERNATI     2562234Z LN  -174392477.1  205240612.1
LOMBARD CORPORAT     1162975Z LN  -7309362.404  198951662.4
LOMBARD CORPORAT     1131527Z LN   -8573468.83  205568221.6
LONDON ORGANISIN     2707808Z LN  -111194464.2  319902766.9
LONDON TOWN PLC      LTWR LN      -21897636.36  175672299.2
LONDON TOWN PLC      LTW PG       -21897636.36  175672299.2
LONDON TOWN PLC      LTW PO       -21897636.36  175672299.2
LONDON TOWN PLC      LTW LN       -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 EU       -21897636.36  175672299.2
LONDON TOWN PLC      LOU GR       -21897636.36  175672299.2
LONDON TOWN PLC      LTW EO       -21897636.36  175672299.2
LONDON TOWN PLC      LTW IX       -21897636.36  175672299.2
L'OREAL UK LTD       1294866Z LN  -38243907.35  469320156.2
LOTUS CARS LTD       1361858Z LN  -35114342.56  198253618.4
LOTUS GROUP INTE     144299Z LN   -36824866.02  207696437.1
LYNN WIND FARM L     3953012Z LN  -12411782.18  259118026.8
M 2003 PLC           MTWOF US      -2203513803   7204891602
M 2003 PLC           203055Q LN    -2203513803   7204891602
M 2003 PLC-ADR       MTWOE US      -2203513803   7204891602
M 2003 PLC-ADR       MTWOY US      -2203513803   7204891602
MAKRO SELF SERVI     1373618Z LN  -164720222.7  400641220.4
MANCHESTER CITY      2348397Z LN  -234766219.8  728747414.2
MANSFORD HOLDING     253659Z LN   -4565898.062  650742111.3
MAPELEY STEPS CO     1914846Z LN  -44982581.48  112862516.8
MARCONI PLC          MRCQF US      -2203513803   7204891602
MARCONI PLC          MONI BB       -2203513803   7204891602
MARCONI PLC          203083Q VX    -2203513803   7204891602
MARCONI PLC          MNI BB        -2203513803   7204891602
MARCONI PLC          MNI LN        -2203513803   7204891602
MARCONI PLC          MY2 GR        -2203513803   7204891602
MARCONI PLC-ADR      MONIE US      -2203513803   7204891602
MARCONI PLC-ADR      MONI US       -2203513803   7204891602
MARCONI PLC-ADR      MRCQY US      -2203513803   7204891602
MARCONI PLC-ADR      MY2A GR       -2203513803   7204891602
MARCONI PLC-ADR      QUQMON AU     -2203513803   7204891602
MARCONI PLC-ADR      MCONY US      -2203513803   7204891602
MARCONI PLC-ADR      MCBA GR       -2203513803   7204891602
MARCONI PLC-ADR      MONIY US      -2203513803   7204891602
MARSH SERVICES L     1701416Z LN  -523772036.4  121325725.9
MAYBOURNE HOTELS     1824362Z LN  -7342720.585  243776690.2
MBDA UK LTD          1720864Z LN   -24824098.4   1872164454
MCINERNEY GROUP      1967014Z LN  -174737505.4  140489212.7
MEDIAEDGE CIA UK     1912470Z LN  -30968632.67    193466296
MEDIMMUNE LTD        1596402Z LN  -18333665.25  353092399.2
MENZIES HOTELS H     4496419Z LN  -100398281.3  322775887.8
MENZIES HOTELS O     2527986Z LN  -61896569.44    159951232
MIDDLESEX CABLE      1598242Z LN  -170219219.9  108664527.9
MIDLAND EXPRESSW     583730Z LN   -21453585.64   1190959618
MILK LINK PROCES     1970766Z LN  -8969327.852  114318428.2
MILLENNIUM STADI     1727672Z LN  -21509367.87  169250447.4
MILLER HOMES         2220892Z LN  -31021993.81    983811413
MNAIP LTD            2018815Z LN  -8594175.012  140270204.8
MONARCH HOLDINGS     4502027Z LN  -69668058.94  698208587.3
MOTO HOSPITALITY     1344378Z LN  -276920533.6  958277274.1
MYTRAVEL GROUP       3544280Q IX  -379721780.5   1817512774
MYTRAVEL GROUP       MT/S LN      -379721780.5   1817512774
MYTRAVEL GROUP       MYTPF US     -379721780.5   1817512774
MYTRAVEL GROUP       MT/S VX      -379721780.5   1817512774
MYTRAVEL GROUP       MT/S PO      -379721780.5   1817512774
MYTRAVEL GROUP       ARO2 GR      -379721780.5   1817512774
MYTRAVEL GROUP P     MYTGF US     -379721780.5   1817512774
MYTRAVEL GROUP P     MT/ VX       -379721780.5   1817512774
MYTRAVEL GROUP P     1018144Q GR  -379721780.5   1817512774
MYTRAVEL GROUP-A     2281919Q GR  -379721780.5   1817512774
MYTRAVEL GROUP-A     MYTVF US     -379721780.5   1817512774
MYTRAVEL TOUR OP     1190295Z LN   -1444587831   1560632416
NACCO MATERIALS      1141567Z LN  -7118433.514  147004693.9
NATIONS HEALTHCA     623142Z LN    -73694956.7  114365932.5
NCR LTD              3083521Z LN  -316495672.6    356199007
NESTLE UK LTD        1274562Z LN  -431385112.4   1655061910
NEW LINX HOUSING     1801057Z LN  -12040509.71  233111422.6
NEW LOOK RETAIL      2711544Z LN  -400438791.5   2225635874
NEW STAR ASSET       NSAM LN        -397718038  292972732.1
NEW STAR ASSET       NWSAF US       -397718038  292972732.1
NEW STAR ASSET       3226431Q EU    -397718038  292972732.1
NEW STAR ASSET       NSAA LN        -397718038  292972732.1
NEW STAR ASSET       NSAM IX        -397718038  292972732.1
NEW STAR ASSET       NSAM PO        -397718038  292972732.1
NEW STAR ASSET       N6S GR         -397718038  292972732.1
NEW STAR ASSET       3226439Q EU    -397718038  292972732.1
NEW STAR ASSET       NSAM PZ        -397718038  292972732.1
NEW STAR ASSET       3226447Q EO    -397718038  292972732.1
NEW STAR ASSET       3226443Q EO    -397718038  292972732.1
NEW STAR ASSET       NSAM TQ        -397718038  292972732.1
NEW STAR ASSET       3226435Q EO    -397718038  292972732.1
NEWCASTLE UNITED     4380361Z LN  -102558583.4  184539911.8
NEWCASTLE UNITED     1060322Z LN  -112290583.6  186651205.2
NORBAIN GROUP LT     4007676Z LN  -15436972.45  108956420.2
NORTHERN ELEC FI     28944Z US    -1130359.983    408059954
NORTHERN ELECTRI     1160759Z LN  -1130359.983    408059954
NORTHERN FO-ASSD     NFDA LN      -70166103.48  924672036.4
NORTHERN FOODS       NFDS PZ      -70166103.48  924672036.4
NORTHERN FOODS       NFDS LN      -70166103.48  924672036.4
NORTHERN FOODS       NFDSEUR EU   -70166103.48  924672036.4
NORTHERN FOODS       NFDS NR      -70166103.48  924672036.4
NORTHERN FOODS       NFDS S1      -70166103.48  924672036.4
NORTHERN FOODS       NFDS BQ      -70166103.48  924672036.4
NORTHERN FOODS       NFDS EO      -70166103.48  924672036.4
NORTHERN FOODS       NFDSGBP EO   -70166103.48  924672036.4
NORTHERN FOODS       NFDS TQ      -70166103.48  924672036.4
NORTHERN FOODS       NFDS NQ      -70166103.48  924672036.4
NORTHERN FOODS       NFDSUSD EO   -70166103.48  924672036.4
NORTHERN FOODS       NFDS IX      -70166103.48  924672036.4
NORTHERN FOODS       NFDSEUR EO   -70166103.48  924672036.4
NORTHERN FOODS       NFDS VX      -70166103.48  924672036.4
NORTHERN FOODS       NTFOF US     -70166103.48  924672036.4
NORTHERN FOODS       NFDS QM      -70166103.48  924672036.4
NORTHERN FOODS       NFDS EU      -70166103.48  924672036.4
NORTHERN FOODS       NFO GR       -70166103.48  924672036.4
NORTHERN FOODS       NFDSUSD EU   -70166103.48  924672036.4
NORTHERN FOODS       NFO GK       -70166103.48  924672036.4
NORTHERN FOODS       NFDS EB      -70166103.48  924672036.4
NORTHERN FOODS       NFDS PO      -70166103.48  924672036.4
NORTHERN FOODS P     NFDR LN      -70166103.48  924672036.4
NORTHERN FOO-NEW     NFDN LN      -70166103.48  924672036.4
NORTHERN FOO-RFD     650060Q LN   -70166103.48  924672036.4
NOVAR ED&S LTD       1286578Z LN  -12362003.04    176723922
NOVELIS UK LTD       1295610Z LN  -29354907.35  167393334.2
NPIL HOLDCO LTD      3641071Z LN  -174437379.8  865144704.3
NPOWER GAS LTD       1689816Z LN  -381274433.9  500408294.4
NPOWER LTD           1185599Z LN  -399535772.9   3443512739
NPOWER NORTHERN      1779169Z LN    -477727478   2222376018
NTL COMMUNICATIO     1773729Z LN  -301208075.9  954738393.1
NTL MIDLANDS LTD     1579698Z LN  -1174963.948  459374901.9
ODEON & UCI CINE     3489372Z LN    -380122740  961975815.4
O-I MANUFACTURIN     1320610Z LN  -7063615.875  126090273.5
OPTIMUM CARE LTD     3951796Z LN   -23827846.5  131314548.6
ORANGE PLC           ORNGF US     -593935104.1   2902299502
ORANGE PLC           951641Q LN   -593935104.1   2902299502
ORANGE PLC           1460Q GR     -593935104.1   2902299502
ORANGE PLC-ADR       ORA$ LN      -593935104.1   2902299502
ORANGE PLC-ADR       ORNGY US     -593935104.1   2902299502
ORANGE PLC-ADR       ONG GR       -593935104.1   2902299502
ORBIS PLC            ORBSF US       -4168493.8  127701679.5
ORBIS PLC            OBG PO         -4168493.8  127701679.5
ORBIS PLC            OBS LN         -4168493.8  127701679.5
ORBIS PLC            RLP GR         -4168493.8  127701679.5
ORBIS PLC            OBS IX         -4168493.8  127701679.5
ORBIS PLC            OBS PZ         -4168493.8  127701679.5
ORBIS PLC            OBS PO         -4168493.8  127701679.5
OUTDOOR GROUP LT     1318338Z LN  -34424941.75  127535038.5
PARK FOOD GROUP      PKFD LN      -33281188.01  114623958.4
PARK GROUP PLC       PKG EO       -33281188.01  114623958.4
PARK GROUP PLC       PKG PZ       -33281188.01  114623958.4
PARK GROUP PLC       PKG VX       -33281188.01  114623958.4
PARK GROUP PLC       PKGGBP EO    -33281188.01  114623958.4
PARK GROUP PLC       PKG PO       -33281188.01  114623958.4
PARK GROUP PLC       PRKGF US     -33281188.01  114623958.4
PARK GROUP PLC       PKG EU       -33281188.01  114623958.4
PARK GROUP PLC       PKG LN       -33281188.01  114623958.4
PARK GROUP PLC       PRKG IX      -33281188.01  114623958.4
PARSONS BRINCKER     4496363Z LN  -4691186.744  159531362.7
PARTKESTREL LTD      1486546Z LN  -90325648.32   1585961788
PATIENTLINE PLC      2928903Q EU  -54677284.64  124948245.8
PATIENTLINE PLC      PTL PZ       -54677284.64  124948245.8
PATIENTLINE PLC      PTL IX       -54677284.64  124948245.8
PATIENTLINE PLC      2928899Q EO  -54677284.64  124948245.8
PATIENTLINE PLC      2928907Q EO  -54677284.64  124948245.8
PATIENTLINE PLC      PTL LN       -54677284.64  124948245.8
PATIENTLINE PLC      PTL VX       -54677284.64  124948245.8
PATIENTLINE PLC      PTL PO       -54677284.64  124948245.8
PD PORT SERVICES     1407442Z LN  -10969629.43  162071623.9
PENDRAGON PREMIE     1858506Z LN  -9740093.803  156352977.7
PENNINE HOUSING      1892438Z LN  -173655254.2  138682867.1
PEUGEOT CITROEN      1974702Z LN  -72708407.45    266912249
PHONOGRAPHIC PER     1296410Z LN  -7333794.897  201686757.6
PHS GROUP HOLDIN     3173182Z LN    -211011146   1915467185
PHS GROUP PLC        592449Z LN     -211011146   1915467185
PIPEX UK LTD         3956092Z LN  -118990464.5  384147753.3
PLACES FOR PEOPL     1914158Z LN  -56178390.75    585147920
PLANNED MAINTENA     1344714Z LN  -57648953.97  148147314.6
PLUS HOUSING GRO     4015788Z LN  -10023120.58  371941616.5
POLYUS G-GDR         POLG TQ         -88561000    241726000
POLYUS G-GDR         POLG LI         -88561000    241726000
POLYUS G-GDR         KZG TQ          -88561000    241726000
POLYUS G-GDR         PLZLY US        -88561000    241726000
POLYUS G-GDR         KXZ GR          -88561000    241726000
POLYUS G-GDR         PLGL LI         -88561000    241726000
POLYUS G-GDR         KAZAY US        -88561000    241726000
PORTSMOUTH FOOTB     2253627Z LN  -93977761.27  177073811.1
POST OFFICE LTD      1542650Z LN  -810274769.8   1745713935
POWERCORP INTERN     2075155Z LN  -9861916.228    120277629
PPG METRO 500 LT     2224564Z LN  -28999808.24  139145845.8
PREMIER PROPERTY     4006740Z LN  -154087010.7  766206481.6
PRESTBURY WENTWO     3814856Z LN  -84753043.56    659529899
PRINOVIS LIVERPO     2074147Z LN  -23730499.87  280965576.9
PRODUCTION SERVI     2278723Z LN  -66744030.72  507657733.9
PROSTRAKAN GROUP     PSK LN       -9666264.987  134080449.8
PROSTRAKAN GROUP     PSKGBP EO    -9666264.987  134080449.8
PROSTRAKAN GROUP     PKNGF US     -9666264.987  134080449.8
PROSTRAKAN GROUP     PSK S1       -9666264.987  134080449.8
PROSTRAKAN GROUP     PSKEUR EU    -9666264.987  134080449.8
PROSTRAKAN GROUP     PSK PZ       -9666264.987  134080449.8
PROSTRAKAN GROUP     PSK EO       -9666264.987  134080449.8
PROSTRAKAN GROUP     PSK EU       -9666264.987  134080449.8
PROSTRAKAN GROUP     PSK IX       -9666264.987  134080449.8
PROSTRAKAN GROUP     PSK PO       -9666264.987  134080449.8
PROSTRAKAN GROUP     PSKEUR EO    -9666264.987  134080449.8
PROSTRAKAN GROUP     PSK VX       -9666264.987  134080449.8
QHOTELS GROUP LT     759287Z LN     -184737716  699448824.7
QUINN BUILDING P     3949900Z LN  -85682901.55   1320302420
QUINN RADIATORS      1405898Z LN  -84009968.77  297557563.9
R&R ICE CREAM LT     3624280Z LN  -119415790.4  995648642.4
RAVEN HOUSING TR     4155997Z LN  -1384128.565  165155995.7
RAYTHEON SYSTEMS     1068610Z LN  -32601425.32    346298511
RBS MEZZANINE LT     2198564Z LN  -31627066.42  866060198.2
REAL ESTATE OP-O     REO LN        -1301115843   1804307307
REAL ESTATE OP-O     REOGBP EO     -1301115843   1804307307
REAL ESTATE OP-O     REO EU        -1301115843   1804307307
REAL ESTATE OP-O     REO VX        -1301115843   1804307307
REAL ESTATE OP-O     REA GR        -1301115843   1804307307
REAL ESTATE OP-O     REO PZ        -1301115843   1804307307
REAL ESTATE OP-O     REO IX        -1301115843   1804307307
REAL ESTATE OP-O     REO EO        -1301115843   1804307307
REAL ESTATE OP-O     REO ID        -1301115843   1804307307
RED BEE MEDIA LT     1953086Z LN  -5917906.033  233315140.7
RED FOOTBALL JOI     3277951Z LN  -101906192.3   1372452972
REDCASTLE 214 OX     1195151Z LN  -203269.4356  262332395.9
REGARD HOLDINGS      4157517Z LN  -2678709.275  159772566.2
REGUS LTD            273187Q LN   -46111832.15    367181111
REGUS PLC            RGU GR       -46111832.15    367181111
REGUS PLC            2296Z LN     -46111832.15    367181111
REGUS PLC            273195Q VX   -46111832.15    367181111
REGUS PLC            REGSF US     -46111832.15    367181111
REGUS PLC-ADS        REGS US      -46111832.15    367181111
REGUS PLC-ADS        REGSY US     -46111832.15    367181111
REGUS PLC-ADS        RGUA GR      -46111832.15    367181111
REGUS PLC-ADS        REGSV US     -46111832.15    367181111
RENAULT RETAIL G     1569882Z LN  -939316.5822  148920952.8
RENTOKIL INITIAL     RTO LN         -142674955   3045660413
RENTOKIL INITIAL     RTO TQ         -142674955   3045660413
RENTOKIL INITIAL     RTOPEN EO      -142674955   3045660413
RENTOKIL INITIAL     RTOUSD EO      -142674955   3045660413
RENTOKIL INITIAL     RTO EO         -142674955   3045660413
RENTOKIL INITIAL     RTO NQ         -142674955   3045660413
RENTOKIL INITIAL     RTOKF US       -142674955   3045660413
RENTOKIL INITIAL     RTO1 GK        -142674955   3045660413
RENTOKIL INITIAL     RTO BQ         -142674955   3045660413
RENTOKIL INITIAL     RTOPEN EU      -142674955   3045660413
RENTOKIL INITIAL     RTO1 GR        -142674955   3045660413
RENTOKIL INITIAL     RTO NR         -142674955   3045660413
RENTOKIL INITIAL     RTO PZ         -142674955   3045660413
RENTOKIL INITIAL     RTOGBP EO      -142674955   3045660413
RENTOKIL INITIAL     RTO VX         -142674955   3045660413
RENTOKIL INITIAL     RTO IX         -142674955   3045660413
RENTOKIL INITIAL     RTO PO         -142674955   3045660413
RENTOKIL INITIAL     RKLIF US       -142674955   3045660413
RENTOKIL INITIAL     RTOEUR EU      -142674955   3045660413
RENTOKIL INITIAL     RTO S1         -142674955   3045660413
RENTOKIL INITIAL     RTOUSD EU      -142674955   3045660413
RENTOKIL INITIAL     RTO EB         -142674955   3045660413
RENTOKIL INITIAL     RTO QM         -142674955   3045660413
RENTOKIL INITIAL     RTO EU         -142674955   3045660413
RENTOKIL INITIAL     RTO1 EO        -142674955   3045660413
RENTOKIL INITIAL     RTO GR         -142674955   3045660413
RENTOKIL INITIAL     RTOEUR EO      -142674955   3045660413
RENTOKIL INITIAL     RTOG IX        -142674955   3045660413
RENTOKIL-SP ADR      RTOKY US       -142674955   3045660413
RENTOKIL-SP ADR      AP76 LI        -142674955   3045660413
RIO TINTO LONDON     1313074Z LN  -11248111.34  837785373.2
ROBINS & DAY LTD     1280922Z LN  -36729873.15  136233088.2
ROSEMONT HOLDING     4391905Z LN  -34807182.85  158222622.5
ROSYTH ROYAL DOC     2184524Z LN  -51250390.37  170932412.7
ROYAL BANK LEASI     2177244Z LN  -96708288.01  12689075410
ROYAL MAIL HOLDI     3900202Z LN  -10344178409   9705181654
SAFFRON HOUSING      4448377Z LN    -3777866.1  124457507.9
SAMPFORD UNDERWR     1230791Z LN  -18964953.58  150532675.1
SCOTTISH MEDIA       1442Q GR     -36632758.71    143156965
SCOTTISH MEDIA       SSMR LN      -36632758.71    143156965
SCOTTISH MEDIA       SSM LN       -36632758.71    143156965
SCOTTISH TELEV       SCTVF US     -36632758.71    143156965
SCOTTISHPOWER EN     2211292Z LN  -388472480.2   2874992270
SCOTTS CO UK LTD     1154459Z LN  -31443592.79  119553562.6
SEGRO FINANCE PU     2320833Z LN  -1254907.484  270979842.3
SELWOOD HOUSING      1933982Z LN   -5609259.85  165098338.1
SETON HEALTHCARE     2290Z LN     -10585183.94  156822902.8
SEVERN VALE HOUS     4287717Z LN  -43910018.24  115584900.8
SFI GROUP PLC        SUF LN       -108067115.8  177647536.1
SFI GROUP PLC        SUYFF US     -108067115.8  177647536.1
SHEFFIELD UNITED     1275418Z LN  -17712590.52  101590746.2
SIMON CARVES LTD     1209367Z LN  -309426997.2  105356699.7
SKANDIA LIFE BUS     1451642Z LN  -1945833.316  191394739.6
SKYEPHARMA PLC       SKPEUR EU    -133034755.3  130464035.4
SKYEPHARMA PLC       SKP VX       -133034755.3  130464035.4
SKYEPHARMA PLC       SKP1 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP2 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SK8C GR      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP1 VX      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP7 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP6 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SKPGBP EO    -133034755.3  130464035.4
SKYEPHARMA PLC       SKP IX       -133034755.3  130464035.4
SKYEPHARMA PLC       SKP8 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP4 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP9 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP EO       -133034755.3  130464035.4
SKYEPHARMA PLC       SKP TQ       -133034755.3  130464035.4
SKYEPHARMA PLC       SKPEUR EO    -133034755.3  130464035.4
SKYEPHARMA PLC       SKP PZ       -133034755.3  130464035.4
SKYEPHARMA PLC       SKP10 EO     -133034755.3  130464035.4
SKYEPHARMA PLC       SKP3 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP5 EO      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP LN       -133034755.3  130464035.4
SKYEPHARMA PLC       SK8A GR      -133034755.3  130464035.4
SKYEPHARMA PLC       SKP PO       -133034755.3  130464035.4
SKYEPHARMA PLC       SKP EU       -133034755.3  130464035.4
SKYEPHARMA PLC       SKP BQ       -133034755.3  130464035.4
SKYEPHARMA PLC       SKYEF US     -133034755.3  130464035.4
SKYEPHARMA -SUB      2976665Z LN  -133034755.3  130464035.4
SKYEPHARMA-ADR       SKYE US      -133034755.3  130464035.4
SKYEPHARMA-ADR       SK8N GR      -133034755.3  130464035.4
SKYEPHARMA-ADR       SKYEY US     -133034755.3  130464035.4
SKYEPHARMA-ADR       AP80 LI      -133034755.3  130464035.4
SKYEPHARMA-ADR       SK8 GR       -133034755.3  130464035.4
SKYEPHARMA-ADR       SKYPY US     -133034755.3  130464035.4
SKYEPHAR-RTS F/P     SKPF VX      -133034755.3  130464035.4
SKYEPHAR-RTS F/P     SKPF LN      -133034755.3  130464035.4
SKYEPHAR-RTS N/P     SKPN LN      -133034755.3  130464035.4
SKYEPHAR-RTS N/P     SKPN VX      -133034755.3  130464035.4
SLP ENGINEERING      1855186Z LN   -32035150.2  111509874.7
SMG PLC              SMG PO       -36632758.71    143156965
SMG PLC              SMG LN       -36632758.71    143156965
SMG PLC-FUL PAID     SMGF LN      -36632758.71    143156965
SMG PLC-NIL PAID     SMGN LN      -36632758.71    143156965
SMITHS NEWS PLC      NWS2 EO      -96686010.48    285345604
SMITHS NEWS PLC      NWS1 EU      -96686010.48    285345604
SMITHS NEWS PLC      NWS2GBP EO   -96686010.48    285345604
SMITHS NEWS PLC      NWS8 EO      -96686010.48    285345604
SMITHS NEWS PLC      NWS13 EO     -96686010.48    285345604
SMITHS NEWS PLC      NWS S1       -96686010.48    285345604
SMITHS NEWS PLC      NWS2EUR EO   -96686010.48    285345604
SMITHS NEWS PLC      NWS7 EO      -96686010.48    285345604
SMITHS NEWS PLC      NWS10 EO     -96686010.48    285345604
SMITHS NEWS PLC      NWS11 EO     -96686010.48    285345604
SMITHS NEWS PLC      NWS2 EU      -96686010.48    285345604
SMITHS NEWS PLC      NWS2 TQ      -96686010.48    285345604
SMITHS NEWS PLC      SMWPF US     -96686010.48    285345604
SMITHS NEWS PLC      NWS2EUR EU   -96686010.48    285345604
SMITHS NEWS PLC      NWS IX       -96686010.48    285345604
SMITHS NEWS PLC      NWS4 EO      -96686010.48    285345604
SMITHS NEWS PLC      SMWPY US     -96686010.48    285345604
SMITHS NEWS PLC      NWS1GBP EO   -96686010.48    285345604
SMITHS NEWS PLC      NWS PZ       -96686010.48    285345604
SMITHS NEWS PLC      NWS9 EO      -96686010.48    285345604
SMITHS NEWS PLC      NWS12 EO     -96686010.48    285345604
SMITHS NEWS PLC      NWS LN       -96686010.48    285345604
SMITHS NEWS PLC      NWS VX       -96686010.48    285345604
SMITHS NEWS PLC      NWS1 BQ      -96686010.48    285345604
SMITHS NEWS PLC      NWS1 EO      -96686010.48    285345604
SMITHS NEWS PLC      NWS PO       -96686010.48    285345604
SMITHS NEWS PLC      NWS6 EO      -96686010.48    285345604
SMITHS NEWS PLC      NWS5 EO      -96686010.48    285345604
SONY COMPUTER EN     3893902Z LN  -527371383.9   1289099673
SONY DADC UK LTD     4007652Z LN  -758038.3706  131666251.9
SONY UNITED KING     1591658Z LN   -1219147829   2550391748
SOUTH STAFFORDSH     4049781Z LN  -12127094.81  148602864.7
SOUTHERN CROSS       SCHE2 EO     -456945463.9    226544692
SOUTHERN CROSS       SCHE PZ      -456945463.9    226544692
SOUTHERN CROSS       SCHEGBP EO   -456945463.9    226544692
SOUTHERN CROSS       SOCHF US     -456945463.9    226544692
SOUTHERN CROSS       SCHE3 EO     -456945463.9    226544692
SOUTHERN CROSS       SCHE EO      -456945463.9    226544692
SOUTHERN CROSS       SCH5 EO      -456945463.9    226544692
SOUTHERN CROSS       SCHEUSD EU   -456945463.9    226544692
SOUTHERN CROSS       SCHEUSD EO   -456945463.9    226544692
SOUTHERN CROSS       SCHE EU      -456945463.9    226544692
SOUTHERN CROSS       SCHE S1      -456945463.9    226544692
SOUTHERN CROSS       SCHE4 EO     -456945463.9    226544692
SOUTHERN CROSS       SCHE8 EO     -456945463.9    226544692
SOUTHERN CROSS       SCHE PO      -456945463.9    226544692
SOUTHERN CROSS       F2Z TH       -456945463.9    226544692
SOUTHERN CROSS       SCHE6 EO     -456945463.9    226544692
SOUTHERN CROSS       SCHE BQ      -456945463.9    226544692
SOUTHERN CROSS       SCH3 EO      -456945463.9    226544692
SOUTHERN CROSS       SCHE7 EO     -456945463.9    226544692
SOUTHERN CROSS       SCHE EB      -456945463.9    226544692
SOUTHERN CROSS       SCH4 EO      -456945463.9    226544692
SOUTHERN CROSS       SCHEEUR EU   -456945463.9    226544692
SOUTHERN CROSS       SCHE VX      -456945463.9    226544692
SOUTHERN CROSS       SCHE LN      -456945463.9    226544692
SOUTHERN CROSS       SCHE NQ      -456945463.9    226544692
SOUTHERN CROSS       SCHE IX      -456945463.9    226544692
SOUTHERN CROSS       SCHE TQ      -456945463.9    226544692
SOUTHERN CROSS       SCHEEUR EO   -456945463.9    226544692
SOUTHERN CROSS       SCHE NR      -456945463.9    226544692
SOUTHERN CROSS       F2Z GR       -456945463.9    226544692
SOUTHERN CROSS       SCHE QM      -456945463.9    226544692
SOUTHERN CROSS       SCHE5 EO     -456945463.9    226544692
SOUTHERN ELECTRI     2635379Z LN  -259913242.1   1437660480
SPEAR GROUP HOLD     4470999Z LN  -91133585.59  140447896.6
SPEEDY 1 LTD         3722238Z LN  -464739433.2   1384529500
SPEEDY SUPPORT S     1601730Z LN  -34304692.53  146096457.3
SPIRIT PUB CO PL     SPRT EU      -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT NR      -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT EO      -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT QM      -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT TQ      -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT IX      -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT BQ      -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT EB      -797310760.5   3657116792
SPIRIT PUB CO PL     S7I GR       -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT PZ      -797310760.5   3657116792
SPIRIT PUB CO PL     SPRT LN      -797310760.5   3657116792
SQUARE ENIX LTD      1826770Z LN  -223995033.8  278955082.2
SR TECHNICS UK L     2900250Z LN  -87572452.23  179843123.8
STAGECOACH SERVI     1584258Z LN  -27470918.93  305042241.9
STV GROUP PLC        STVG EU      -36632758.71    143156965
STV GROUP PLC        SMGPF US     -36632758.71    143156965
STV GROUP PLC        STVGGBP EO   -36632758.71    143156965
STV GROUP PLC        STVG LN      -36632758.71    143156965
STV GROUP PLC        SMG VX       -36632758.71    143156965
STV GROUP PLC        STVGEUR EU   -36632758.71    143156965
STV GROUP PLC        STVG VX      -36632758.71    143156965
STV GROUP PLC        SMG PZ       -36632758.71    143156965
STV GROUP PLC        STVG S1      -36632758.71    143156965
STV GROUP PLC        STVG EO      -36632758.71    143156965
STV GROUP PLC        STVGEUR EO   -36632758.71    143156965
STV GROUP PLC        SMG IX       -36632758.71    143156965
SUN CHEMICAL LTD     2569274Z LN  -21504458.55  276424178.5
SUNDERLAND ASSOC     1274418Z LN  -30559441.44  144949782.5
SUNSAIL LTD          1092666Z LN  -37047891.81  193976501.7
SW NO 1 LTD          1266351Z LN  -127509303.4  140986934.8
SWIFT TECHNICAL      4287133Z LN  -34723772.77  138665319.9
TATA CMMNCTNS UK     2534722Z LN  -32378969.15  118690215.5
TDL INFOMEDIA        3362Z LN     -25723860.05  136762955.6
TELEWEST COM-ADR     TWSTD US      -3702234581   7581020925
TELEWEST COM-ADR     TWT$ LN       -3702234581   7581020925
TELEWEST COM-ADR     TWSTY US      -3702234581   7581020925
TELEWEST COM-ADR     940767Q GR    -3702234581   7581020925
TELEWEST COMM        TWSTF US      -3702234581   7581020925
TELEWEST COMM        715382Q LN    -3702234581   7581020925
TELEWEST COMM        TWT VX        -3702234581   7581020925
TELEWEST COMM        604296Q GR    -3702234581   7581020925
TELEWEST COMMUNI     1646328Z LN  -322407498.9  794173871.1
TELEWEST COMMUNI     1608194Z LN  -459786702.9   9163459022
THALES CORPORATE     1083706Z LN  -39356881.83  696177878.8
THAMES WATER FIN     1615Z LN     -48749918.54   4474513723
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
TIGER ASPECT PRO     1819690Z LN   -1811042.92  108420699.7
TIMES NEWSPAPERS     2343939Z LN  -653746579.6  603467606.2
TOPPS TILES PLC      TPT5 EO      -37156577.81  134888367.5
TOPPS TILES PLC      TPT3 EO      -37156577.81  134888367.5
TOPPS TILES PLC      TPT LN       -37156577.81  134888367.5
TOPPS TILES PLC      TPT VX       -37156577.81  134888367.5
TOPPS TILES PLC      TPTJY US     -37156577.81  134888367.5
TOPPS TILES PLC      TPT6 EO      -37156577.81  134888367.5
TOPPS TILES PLC      TPTJF US     -37156577.81  134888367.5
TOPPS TILES PLC      TPT7 EO      -37156577.81  134888367.5
TOPPS TILES PLC      TPT PO       -37156577.81  134888367.5
TOPPS TILES PLC      TPT S1       -37156577.81  134888367.5
TOPPS TILES PLC      TPT EO       -37156577.81  134888367.5
TOPPS TILES PLC      TPT4 EO      -37156577.81  134888367.5
TOPPS TILES PLC      TPT2 EO      -37156577.81  134888367.5
TOPPS TILES PLC      TPT1 EO      -37156577.81  134888367.5
TOPPS TILES PLC      TPT TQ       -37156577.81  134888367.5
TOPPS TILES PLC      TPTEUR EU    -37156577.81  134888367.5
TOPPS TILES PLC      TPTGBP EO    -37156577.81  134888367.5
TOPPS TILES PLC      TPT9 EO      -37156577.81  134888367.5
TOPPS TILES PLC      TPT10 EO     -37156577.81  134888367.5
TOPPS TILES PLC      TPT IX       -37156577.81  134888367.5
TOPPS TILES PLC      TPTEUR EO    -37156577.81  134888367.5
TOPPS TILES PLC      TPT PZ       -37156577.81  134888367.5
TOPPS TILES PLC      TPT EU       -37156577.81  134888367.5
TOPPS TILES PLC      TPT BQ       -37156577.81  134888367.5
TOPPS TILES PLC      TPT8 EO      -37156577.81  134888367.5
TOPPS TILES-NEW      TPTN LN      -37156577.81  134888367.5
TOTAL UK LTD         3897130Z LN  -61225906.13   2907445594
TRAVELEX HOLDING     2917958Z LN   -1298945101   2546701094
TRAVELODGE LTD       3471462Z LN  -515411329.9   1254613472
TRINITY MIRROR C     1871386Z LN  -53485246.17  204376308.9
TRINITY MIRROR M     1871370Z LN  -140843056.8  448783505.1
TRINITY MIRROR P     1511258Z LN  -123528659.2  920027091.7
TRINITY MIRROR S     1512242Z LN  -3205761.051  531281737.1
TSE DEVELOPMENT      2087531Z LN  -297696548.3  510522326.8
TUBE LINES FINAN     1241207Z LN  -2914999.962   2408518672
TUI UK LTD           1653824Z LN  -913811298.8   5088088830
TYCO HEALTHCARE      1066794Z LN   -13601743.4    333686519
UNIGATE PLC          UNIG LN      -34143742.45  284687094.6
UNIGATE PLC          1577Q GR     -34143742.45  284687094.6
UNIGATE PLC          UNGAF US     -34143742.45  284687094.6
UNIGATE PLC          UNGPF US     -34143742.45  284687094.6
UNIGATE PLC-ADR      UNGAY US     -34143742.45  284687094.6
UNILEVER UK CENT     1273034Z LN   -1928848885   6056871052
UNIQ PLC             UNIQEUR EU   -34143742.45  284687094.6
UNIQ PLC             UNIQEUR EO   -34143742.45  284687094.6
UNIQ PLC             UNIQ PO      -34143742.45  284687094.6
UNIQ PLC             UGE1 GR      -34143742.45  284687094.6
UNIQ PLC             UNIQ EO      -34143742.45  284687094.6
UNIQ PLC             UNIQGBP EO   -34143742.45  284687094.6
UNIQ PLC             UNIQ LN      -34143742.45  284687094.6
UNIQ PLC             UNIQ EU      -34143742.45  284687094.6
UNIQ PLC             UNIQF US     -34143742.45  284687094.6
UNIQ PLC             UNIQ PZ      -34143742.45  284687094.6
UNIQ PLC             UNIQ IX      -34143742.45  284687094.6
UNIQ PLC             UNQPF US     -34143742.45  284687094.6
UNIQ PLC             UGE GR       -34143742.45  284687094.6
UNIQ PLC             UNIQ VX      -34143742.45  284687094.6
UNIQ PLC-ASSD        UNIA LN      -34143742.45  284687094.6
UNIQ PREPARED FO     1077122Z LN    -120661558  355622471.3
UNITED BISCUITS      3193858Z LN  -326896245.3   3316769414
UNIVERSAL LEASIN     2581586Z LN  -28690420.23  155128729.2
UNIVERSAL PICTUR     1083202Z LN  -66200436.83  242851864.9
UPS LTD              1503290Z LN  -128358198.9  422072199.6
UTC GROUP            UGR LN       -11904428.42    203548565
VALE OF AYLESBUR     4006932Z LN  -73416860.01  100856530.6
VANCO UK LTD         2784982Z LN     -56556541  114635709.2
VINK HOLDINGS LT     4380233Z LN  -13477348.26  132005020.2
VIRGIN HOTELS GR     4288389Z LN  -30191249.31  109995632.6
VIRGIN MOB-ASSD      VMOC LN      -392165409.3  166070003.7
VIRGIN MOB-ASSD      VMOA LN      -392165409.3  166070003.7
VIRGIN MOBILE        VMOB VX      -392165409.3  166070003.7
VIRGIN MOBILE        VMOB PO      -392165409.3  166070003.7
VIRGIN MOBILE        VMOB LN      -392165409.3  166070003.7
VIRGIN MOBILE        VGMHF US     -392165409.3  166070003.7
VIRGIN MOBILE        UEM GR       -392165409.3  166070003.7
VIRGIN WINGS LTD     4500155Z LN  -410616776.7   5155268566
VODAFONE UK CONT     1909662Z LN  -36036445.35  241077469.5
VOYAGE GROUP LTD     4168725Z LN  -89543682.76    572205624
WALES & WEST UTI     3688061Z LN  -784167196.7   2080276139
WARNER ESTATE        WNER PO      -17991567.99  433564660.8
WARNER ESTATE        WNER PZ      -17991567.99  433564660.8
WARNER ESTATE        WNER LN      -17991567.99  433564660.8
WARNER ESTATE        WNER EO      -17991567.99  433564660.8
WARNER ESTATE        WNERGBP EO   -17991567.99  433564660.8
WARNER ESTATE        WNER VX      -17991567.99  433564660.8
WARNER ESTATE        WNEHF US     -17991567.99  433564660.8
WARNER ESTATE        WRL GR       -17991567.99  433564660.8
WARNER ESTATE        WNER EU      -17991567.99  433564660.8
WARNER ESTATE        WNER IX      -17991567.99  433564660.8
WARNER MUSIC UK      1075906Z LN  -30035535.27  103148268.1
WATSON & PHILIP      WTSN LN        -120493900  252232072.9
WEAVER VALE HOUS     3953220Z LN  -60271595.72  104022836.2
WEETABIX LTD-A       WEEBF US     -397652099.9  909970808.9
WEETABIX LTD-A       WTB OF       -397652099.9  909970808.9
WESCOT TOPCO LTD     4007020Z LN  -28467510.91    115035189
WEST HAM UNITED      1275834Z LN  -60233495.23  174701255.1
WESTBURY HOTEL L     1214607Z LN  -541051.7845  357290768.3
WHELCO HOLDINGS      2741744Z LN  -1295249.714    100781831
WHITE YOUNG GREE     WHY EO       -32392901.23  196106689.5
WHITE YOUNG GREE     WHYEUR EO    -32392901.23  196106689.5
WHITE YOUNG GREE     WHYGBP EO    -32392901.23  196106689.5
WHITE YOUNG GREE     WHYEUR EU    -32392901.23  196106689.5
WHITE YOUNG GREE     WHY LN       -32392901.23  196106689.5
WHITE YOUNG GREE     WHY VX       -32392901.23  196106689.5
WHITE YOUNG GREE     WHY PZ       -32392901.23  196106689.5
WHITE YOUNG GREE     WHY PO       -32392901.23  196106689.5
WHITE YOUNG GREE     WHY EU       -32392901.23  196106689.5
WHITE YOUNG-NEW      WHYN LN      -32392901.23  196106689.5
WIGHTLINK LTD        1385642Z LN  -15131435.92  231775265.6
WINCANTON PL-ADR     WNCNY US     -171883729.9   1378925175
WINCANTON PLC        WIN4 EO      -171883729.9   1378925175
WINCANTON PLC        WIN1EUR EO   -171883729.9   1378925175
WINCANTON PLC        WIN1 EO      -171883729.9   1378925175
WINCANTON PLC        WIN PZ       -171883729.9   1378925175
WINCANTON PLC        WIN1GBP EO   -171883729.9   1378925175
WINCANTON PLC        WIN1 EB      -171883729.9   1378925175
WINCANTON PLC        WIN7 EO      -171883729.9   1378925175
WINCANTON PLC        WIN12 EO     -171883729.9   1378925175
WINCANTON PLC        WIN IX       -171883729.9   1378925175
WINCANTON PLC        WIN1 NQ      -171883729.9   1378925175
WINCANTON PLC        WIN1 EU      -171883729.9   1378925175
WINCANTON PLC        WIN6 EO      -171883729.9   1378925175
WINCANTON PLC        WIN11 EO     -171883729.9   1378925175
WINCANTON PLC        WIN8 EO      -171883729.9   1378925175
WINCANTON PLC        WIN1 TQ      -171883729.9   1378925175
WINCANTON PLC        WIN9 EO      -171883729.9   1378925175
WINCANTON PLC        WIN10 EO     -171883729.9   1378925175
WINCANTON PLC        WIN13 EO     -171883729.9   1378925175
WINCANTON PLC        WIN1 BQ      -171883729.9   1378925175
WINCANTON PLC        WIN1USD EO   -171883729.9   1378925175
WINCANTON PLC        WIN1 S1      -171883729.9   1378925175
WINCANTON PLC        WIN LN       -171883729.9   1378925175
WINCANTON PLC        WIN VX       -171883729.9   1378925175
WINCANTON PLC        WIN1 QM      -171883729.9   1378925175
WINCANTON PLC        WIN5 EO      -171883729.9   1378925175
WINCANTON PLC        WIN1USD EU   -171883729.9   1378925175
WINCANTON PLC        WIN PO       -171883729.9   1378925175
WINCANTON PLC        WIN1EUR EU   -171883729.9   1378925175
WINCANTON PLC        WNCNF US     -171883729.9   1378925175
WINDSOR TELEVISI     1475394Z LN  -232297665.7  340517582.8
WINTERTHUR FINAN     1353474Z LN   -5097471.01    146472274
WYG PLC              WYG2 EO      -32392901.23  196106689.5
WYG PLC              WYG5 EO      -32392901.23  196106689.5
WYG PLC              WYG3 EO      -32392901.23  196106689.5
WYG PLC              WYG6 EO      -32392901.23  196106689.5
WYG PLC              WYG EU       -32392901.23  196106689.5
WYG PLC              WYGGBP EO    -32392901.23  196106689.5
WYG PLC              WYG4 EO      -32392901.23  196106689.5
WYG PLC              WYG7 EO      -32392901.23  196106689.5
WYG PLC              WYG8 EO      -32392901.23  196106689.5
WYG PLC              WHY IX       -32392901.23  196106689.5
WYG PLC              WYG PZ       -32392901.23  196106689.5
WYG PLC              WYG EO       -32392901.23  196106689.5
WYG PLC              WYG1 EO      -32392901.23  196106689.5
WYG PLC              WYGEUR EU    -32392901.23  196106689.5
WYG PLC              WYG LN       -32392901.23  196106689.5
WYG PLC              WYGEUR EO    -32392901.23  196106689.5
XAARJET LTD          2697648Z LN  -3938911.173  102239864.3
XCHANGING UK LTD     1814130Z LN  -33399235.51  334395990.3
XSTRATA SERVICES     1975918Z LN  -88056666.54    169405671
YANG MING UK LTD     1756777Z LN  -39140424.52  296076088.5
YARLINGTON HOUSI     4435313Z LN  -18443811.91  276648958.8
YOUNG'S BLUECRES     1841386Z LN  -46554226.38  279057376.4
ZURICH EMPLOYMEN     1292298Z LN  -122911831.6  159138559.6


                            *********

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

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

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

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


                            *********


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

Troubled Company Reporter-Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland
USA.  Valerie U. Pascual, Marites O. Claro, Rousel Elaine T.
Fernandez, Joy A. Agravante, Psyche A. Castillon, Julie Anne G.
Lopez, Ivy B. Magdadaro, Frauline S. Abangan and Peter A.
Chapman, Editors.

Copyright 2011.  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 * * *