UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2005
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Value Line Inc
Address: 220 East 42nd Street
New York, NY 10017
13F File Number: 28-00401
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: David Henigson
Title: Vice President
Phone: 212-907-1600
Signature, Place, and Date of Signing:
/s/ David Henigson New York, NY May 11, 2005
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form13F Information Table Entry Total: 926
Form13F Information Table Value Total: $2,483,569 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
21ST CENTY INS GROUP COM 90130N103 349 25000 SH DEFINED 0 25000 0
3COM CORP COM 885535104 107 30000 SH DEFINED 0 30000 0
3M CO COM 88579Y101 4799 56000 SH DEFINED 0 56000 0
A S V INC COM 001963107 817 20600 SH DEFINED 0 20600 0
AARON RENTS INC COM 002535201 2302 115100 SH DEFINED 0 115100 0
ABERCROMBIE & FITCH CO CL A 002896207 5924 103500 SH DEFINED 0 103500 0
ABLE LABORATORIES INC COM NEW 00371N407 927 39500 SH DEFINED 0 39500 0
ACCREDITED HOME LENDRS HLDG COM 00437P107 978 27000 SH DEFINED 0 27000 0
ACTUANT CORP CL A NEW 00508X203 10996 244800 SH DEFINED 0 244800 0
ACUITY BRANDS INC COM 00508Y102 1288 47700 SH DEFINED 0 47700 0
ADVANCE AUTO PARTS INC COM 00751Y106 2987 59200 SH DEFINED 0 59200 0
ADVANCED MEDICAL OPTICS INC COM 00763M108 4280 118200 SH DEFINED 0 118200 0
ADVANCED MEDICAL OPTICS INC NOTE 2.500% 7/1 00763MAG3 248 250000 PRN DEFINED 0 250000 0
ADVISORY BRD CO COM 00762W107 11410 261100 SH DEFINED 0 261100 0
ADVO INC COM 007585102 1412 37700 SH DEFINED 0 37700 0
AEROPOSTALE COM 007865108 4140 126400 SH DEFINED 0 126400 0
AES TR III PFD CV 6.75% 00808N202 333 7000 SH DEFINED 0 7000 0
AETNA INC NEW COM 00817Y108 11325 151100 SH DEFINED 0 149000 2100
AFFILIATED COMPUTER SERVICES CL A 008190100 639 12000 SH DEFINED 0 12000 0
AFFYMETRIX INC COM 00826T108 10433 243700 SH DEFINED 0 243700 0
AGCO CORP COM 001084102 639 35000 SH DEFINED 0 35000 0
AGCO CORP NOTE 1.750%12/3 001084AJ1 296 300000 PRN DEFINED 0 300000 0
AGILENT TECHNOLOGIES INC DBCV 3.000%12/0 00846UAB7 983 1000000 PRN DEFINED 0 1000000 0
AGL RES INC COM 001204106 2892 82800 SH DEFINED 0 82800 0
AGNICO EAGLE MINES LTD COM 008474108 509 35000 SH DEFINED 0 35000 0
AGRIUM INC COM 008916108 438 24000 SH DEFINED 0 24000 0
AIR PRODS & CHEMS INC COM 009158106 2848 45000 SH DEFINED 0 45000 0
AIRGAS INC COM 009363102 2341 98000 SH DEFINED 0 98000 0
AIRSPAN NETWORKS INC COM 00950H102 77 15000 SH DEFINED 0 15000 0
AK STL HLDG CORP COM 001547108 8894 804200 SH DEFINED 0 804200 0
ALABAMA NATL BANCORP DELA COM 010317105 637 10300 SH DEFINED 0 10300 0
ALADDIN KNOWLEDGE SYS LTD ORD M0392N101 727 32000 SH DEFINED 0 32000 0
ALAMOSA HLDGS INC COM 011589108 3355 287500 SH DEFINED 0 287500 0
ALBEMARLE CORP COM 012653101 1051 28900 SH DEFINED 0 28900 0
ALERIS INTL INC COM 014477103 1043 41800 SH DEFINED 0 41800 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 8913 369700 SH DEFINED 0 369700 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 4743 117400 SH DEFINED 0 117400 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 707 11000 SH DEFINED 0 11000 0
ALLIANT TECHSYSTEMS INC COM 018804104 875 12250 SH DEFINED 0 12000 250
ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 1244 87000 SH DEFINED 0 87000 0
ALVARION LTD SHS M0861T100 478 50000 SH DEFINED 0 50000 0
ALZA CORP SDCV 7/2 02261WAB5 369 400000 PRN DEFINED 0 400000 0
AMDOCS LTD ORD G02602103 1292 45500 SH DEFINED 0 45500 0
AMEDISYS INC COM 023436108 1936 64000 SH DEFINED 0 64000 0
AMERICA MOVIL S A DE C V SPON ADR L SHS 02364W105 800 15500 SH DEFINED 0 15500 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 17166 580900 SH DEFINED 0 579200 1700
AMERICAN ELEC PWR INC COM 025537101 681 20000 SH DEFINED 0 20000 0
AMERICAN FINL GROUP INC OHIO COM 025932104 1294 42000 SH DEFINED 0 42000 0
AMERICAN GREETINGS CORP CL A 026375105 255 10000 SH DEFINED 0 10000 0
AMERICAN HEALTHWAYS INC COM 02649V104 2579 78100 SH DEFINED 0 78100 0
AMERICAN HOME MTG INVT CORP COM 02660R107 1552 54200 SH DEFINED 0 54200 0
AMERICAN MED SYS HLDGS INC COM 02744M108 1440 83800 SH DEFINED 0 83800 0
AMERICAN STD COS INC DEL COM 029712106 10365 223000 SH DEFINED 0 223000 0
AMERICAN STS WTR CO COM 029899101 633 25000 SH DEFINED 0 25000 0
AMERICAN TOWER CORP NOTE 3.000% 8/1 029912AR3 380 350000 PRN DEFINED 0 350000 0
AMERIGROUP CORP COM 03073T102 399 10920 SH DEFINED 0 10920 0
AMERISTAR CASINOS INC COM 03070Q101 1968 36000 SH DEFINED 0 36000 0
AMETEK INC NEW COM 031100100 5546 137800 SH DEFINED 0 137800 0
AMGEN INC COM 031162100 10768 184990 SH DEFINED 0 183140 1850
AMPHENOL CORP NEW CL A 032095101 2163 58400 SH DEFINED 0 58400 0
ANADARKO PETE CORP COM 032511107 1240 16300 SH DEFINED 0 16100 200
ANADIGICS INC COM 032515108 55 38000 SH DEFINED 0 38000 0
ANCHOR BANCORP WIS INC COM 032839102 672 23900 SH DEFINED 0 23900 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 861 25000 SH DEFINED 0 25000 0
ANIXTER INTL INC NOTE 7/0 035290AF2 105 200000 PRN DEFINED 0 200000 0
ANSYS INC COM 03662Q105 2870 83900 SH DEFINED 0 83900 0
ANTEON INTL CORP COM 03674E108 14231 365550 SH DEFINED 0 365300 250
AON CORP DBCV 3.500%11/1 037389AT0 235 200000 PRN DEFINED 0 200000 0
APACHE CORP COM 037411105 4355 71120 SH DEFINED 0 69620 1500
APPLE COMPUTER INC COM 037833100 11793 283000 SH DEFINED 0 282600 400
APPLEBEES INTL INC COM 037899101 6447 233914 SH DEFINED 0 230164 3750
APPLERA CORP COM CE GEN GRP 038020202 277 27000 SH DEFINED 0 27000 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 1656 60900 SH DEFINED 0 60900 0
APPLIED MATLS INC COM 038222105 728 44800 SH DEFINED 0 44000 800
APPLIED SIGNAL TECHNOLOGY IN COM 038237103 444 19400 SH DEFINED 0 19400 0
APTARGROUP INC COM 038336103 1149 22100 SH DEFINED 0 22100 0
AQUILA INC PIES 6.75% 03840P409 243 7000 SH DEFINED 0 7000 0
ARBITRON INC COM 03875Q108 656 15300 SH DEFINED 0 15300 0
ARCHER DANIELS MIDLAND CO COM 039483102 3748 152500 SH DEFINED 0 147800 4700
ARKANSAS BEST CORP DEL COM 040790107 1560 41300 SH DEFINED 0 41300 0
ARMOR HOLDINGS INC COM 042260109 2455 66200 SH DEFINED 0 65500 700
ARMOR HOLDINGS INC NOTE 2.000%11/0 042260AC3 191 200000 PRN DEFINED 0 200000 0
ARTHROCARE CORP COM 043136100 1798 63100 SH DEFINED 0 63100 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 403 16000 SH DEFINED 0 16000 0
ASSOCIATED BANC CORP COM 045487105 1512 48400 SH DEFINED 0 48400 0
ASSURANT INC COM 04621X108 843 25000 SH DEFINED 0 25000 0
ATI TECHNOLOGIES INC COM 001941103 1608 93000 SH DEFINED 0 93000 0
ATP OIL & GAS CORP COM 00208J108 361 16700 SH DEFINED 0 16700 0
AUDIOCODES LTD ORD M15342104 975 86600 SH DEFINED 0 86600 0
AUTODESK INC COM 052769106 3565 119800 SH DEFINED 0 119300 500
AUTOLIV INC COM 052800109 5489 115200 SH DEFINED 0 115200 0
AVERY DENNISON CORP COM 053611109 743 12000 SH DEFINED 0 12000 0
AVID TECHNOLOGY INC COM 05367P100 4119 76100 SH DEFINED 0 76100 0
AVNET INC COM 053807103 538 29200 SH DEFINED 0 29200 0
BALL CORP COM 058498106 4397 106000 SH DEFINED 0 106000 0
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 1063 13100 SH DEFINED 0 13100 0
BANCORPSOUTH INC COM 059692103 875 42400 SH DEFINED 0 42400 0
BANK HAWAII CORP COM 062540109 6042 133500 SH DEFINED 0 133500 0
BANK MONTREAL QUE COM 063671101 432 9300 SH DEFINED 0 9300 0
BANK OF THE OZARKS INC COM 063904106 660 20800 SH DEFINED 0 20800 0
BANKATLANTIC BANCORP CL A 065908501 2283 131200 SH DEFINED 0 131200 0
BANKUNITED FINL CORP CL A 06652B103 411 15300 SH DEFINED 0 15300 0
BANKUNITED FINL CORP NOTE 3.125% 3/0 06652BAE3 185 200000 PRN DEFINED 0 200000 0
BANTA CORP COM 066821109 1849 43200 SH DEFINED 0 43200 0
BARD C R INC COM 067383109 11417 167700 SH DEFINED 0 167700 0
BAUSCH & LOMB INC FRNT 8/0 071707AM5 363 250000 PRN DEFINED 0 250000 0
BAXTER INTL INC CORP UNITS 7% 071813406 915 17000 SH DEFINED 0 17000 0
BCE INC COM 05534B109 755 30200 SH DEFINED 0 30000 200
BEAR STEARNS COS INC COM 073902108 3736 37400 SH DEFINED 0 37400 0
BEAZER HOMES USA INC COM 07556Q105 6626 132900 SH DEFINED 0 132900 0
BEBE STORES INC COM 075571109 4347 128050 SH DEFINED 0 128050 0
BECTON DICKINSON & CO COM 075887109 1753 30000 SH DEFINED 0 30000 0
BED BATH & BEYOND INC COM 075896100 5364 146800 SH DEFINED 0 146500 300
BERKLEY W R CORP COM 084423102 7021 141550 SH DEFINED 0 141150 400
BERRY PETE CO CL A 085789105 7429 144400 SH DEFINED 0 144400 0
BEST BUY INC SDCV 2.250% 1/1 086516AF8 204 200000 PRN DEFINED 0 200000 0
BHP BILLITON LTD SPONSORED ADR 088606108 672 24000 SH DEFINED 0 24000 0
BIO RAD LABS INC CL A 090572207 585 12000 SH DEFINED 0 12000 0
BIOMET INC COM 090613100 4695 129350 SH DEFINED 0 128750 600
BISYS GROUP INC NOTE 4.000% 3/1 055472AB0 989 1000000 PRN DEFINED 0 1000000 0
BLACK & DECKER CORP COM 091797100 3112 39400 SH DEFINED 0 39400 0
BLACKROCK INC CL A 09247X101 1401 18700 SH DEFINED 0 18700 0
BOK FINL CORP COM NEW 05561Q201 348 8553 SH DEFINED 0 8553 0
BONE CARE INTL INC COM 098072101 1230 47400 SH DEFINED 0 47400 0
BOOKHAM INC COM 09856E105 64 20000 SH DEFINED 0 20000 0
BORG WARNER INC COM 099724106 3997 82100 SH DEFINED 0 82100 0
BOYD GAMING CORP COM 103304101 6508 124800 SH DEFINED 0 124800 0
BP PLC SPONSORED ADR 055622104 234 3750 SH DEFINED 0 3750 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 349 5000 SH DEFINED 0 5000 0
BRADY CORP CL A 104674106 1990 61500 SH DEFINED 0 61500 0
BRASKEM S A SP ADR PFD A 105532105 810 20000 SH DEFINED 0 20000 0
BRIGGS & STRATTON CORP COM 109043109 1784 49000 SH DEFINED 0 49000 0
BRIGHT HORIZON FAMILY SOLUTI COM 109195107 1525 45200 SH DEFINED 0 45200 0
BRINKS CO COM 109696104 2135 61700 SH DEFINED 0 61000 700
BROOKFIELD PPTYS CORP COM 112900105 955 24800 SH DEFINED 0 24800 0
BROOKLINE BANCORP INC DEL COM 11373M107 927 62200 SH DEFINED 0 62200 0
BROWN & BROWN INC COM 115236101 1959 42500 SH DEFINED 0 42500 0
BROWN FORMAN CORP CL B 115637209 1314 24000 SH DEFINED 0 24000 0
BROWN SHOE INC NEW COM 115736100 857 25000 SH DEFINED 0 25000 0
BRUNSWICK CORP COM 117043109 2774 59200 SH DEFINED 0 59200 0
BUILDING MATLS HLDG CORP COM 120113105 11774 264700 SH DEFINED 0 264300 400
BUNGE LIMITED COM G16962105 5065 94000 SH DEFINED 0 94000 0
BURLINGTON COAT FACTORY COM 121579106 287 10000 SH DEFINED 0 10000 0
BURLINGTON NORTHN SANTA FE C COM 12189T104 3128 58000 SH DEFINED 0 58000 0
BURLINGTON RES INC COM 122014103 3755 75000 SH DEFINED 0 75000 0
C H ROBINSON WORLDWIDE INC COM 12541W100 4524 87800 SH DEFINED 0 87800 0
CABOT CORP COM 127055101 669 20000 SH DEFINED 0 20000 0
CACI INTL INC CL A 127190304 3441 62300 SH DEFINED 0 62100 200
CADBURY SCHWEPPES PLC ADR 127209302 1201 29500 SH DEFINED 0 29500 0
CAL DIVE INTL INC COM 127914109 14469 319400 SH DEFINED 0 318300 1100
CALIFORNIA WTR SVC GROUP COM 130788102 671 20100 SH DEFINED 0 20100 0
CAMECO CORP COM 13321L108 2557 57800 SH DEFINED 0 57800 0
CANADIAN NAT RES LTD COM 136385101 2364 41600 SH DEFINED 0 41600 0
CANADIAN NATL RY CO COM 136375102 11516 181900 SH DEFINED 0 181650 250
CANADIAN PAC RY LTD COM 13645T100 926 25750 SH DEFINED 0 25750 0
CANON INC ADR 138006309 911 17000 SH DEFINED 0 17000 0
CANTEL MEDICAL CORP COM 138098108 969 33450 SH DEFINED 0 33450 0
CAPITALSOURCE INC DBCV 3.500% 7/1 14055XAD4 295 300000 PRN DEFINED 0 300000 0
CARBO CERAMICS INC COM 140781105 1389 19800 SH DEFINED 0 19800 0
CAREMARK RX INC COM 141705103 6058 152277 SH DEFINED 0 152277 0
CARLISLE COS INC COM 142339100 4605 66000 SH DEFINED 0 66000 0
CARMAX INC COM 143130102 4528 143750 SH DEFINED 0 143750 0
CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 272 200000 PRN DEFINED 0 200000 0
CASH AMER INTL INC COM 14754D100 1601 73000 SH DEFINED 0 73000 0
CATALINA MARKETING CORP COM 148867104 979 37800 SH DEFINED 0 37800 0
CATERPILLAR INC DEL COM 149123101 2652 29000 SH DEFINED 0 29000 0
CATHAY GENERAL BANCORP COM 149150104 725 23000 SH DEFINED 0 23000 0
CATO CORP NEW CL A 149205106 2615 81100 SH DEFINED 0 81100 0
CBL & ASSOC PPTYS INC COM 124830100 1652 23100 SH DEFINED 0 23100 0
CBRL GROUP INC COM 12489V106 620 15000 SH DEFINED 0 15000 0
CELESTICA INC NOTE 8/0 15101QAA6 561 1000000 PRN DEFINED 0 1000000 0
CELGENE CORP COM 151020104 783 23000 SH DEFINED 0 23000 0
CEMEX S A SPON ADR 5 ORD 151290889 906 25000 SH DEFINED 0 25000 0
CENTENE CORP DEL COM 15135B101 3779 126000 SH DEFINED 0 126000 0
CENTERPOINT ENERGY INC NOTE 3.750% 5/1 15189TAC1 286 250000 PRN DEFINED 0 250000 0
CENTRAL EUROPEAN DIST CORP COM 153435102 1523 45750 SH DEFINED 0 44350 1400
CENTRAL EUROPEAN MEDIA ENTRP CL A NEW G20045202 1152 23300 SH DEFINED 0 23300 0
CENTRAL GARDEN & PET CO COM 153527106 1386 31600 SH DEFINED 0 31600 0
CENTRAL PAC FINL CORP COM 154760102 882 26200 SH DEFINED 0 26200 0
CEPHALON INC NOTE 6/1 156708AK5 186 200000 PRN DEFINED 0 200000 0
CERADYNE INC COM 156710105 2292 102450 SH DEFINED 0 102450 0
CERNER CORP COM 156782104 840 16000 SH DEFINED 0 16000 0
CHARLES RIV LABS INTL INC COM 159864107 2594 55152 SH DEFINED 0 55152 0
CHARLES RIVER ASSOCIATES COM 159852102 1288 26100 SH DEFINED 0 26100 0
CHATTEM INC COM 162456107 1939 43600 SH DEFINED 0 43100 500
CHECKFREE CORP NEW COM 162813109 6876 168700 SH DEFINED 0 168700 0
CHEESECAKE FACTORY INC COM 163072101 3772 106400 SH DEFINED 0 106400 0
CHEMED CORP NEW COM 16359R103 2547 33300 SH DEFINED 0 33300 0
CHESAPEAKE ENERGY CORP COM 165167107 5748 262000 SH DEFINED 0 262000 0
CHEVRONTEXACO CORP COM 166764100 1510 25900 SH DEFINED 0 25000 900
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 1510 34300 SH DEFINED 0 34300 0
CHICOS FAS INC COM 168615102 9515 336700 SH DEFINED 0 336700 0
CHINA YUCHAI INTL LTD COM G21082105 84 10000 SH DEFINED 0 10000 0
CHIQUITA BRANDS INTL INC COM 170032809 670 25000 SH DEFINED 0 25000 0
CHOICE HOTELS INTL INC COM 169905106 5136 82900 SH DEFINED 0 82900 0
CHUBB CORP EQUITY UTS 7% 171232507 240 8000 SH DEFINED 0 8000 0
CHURCH & DWIGHT INC COM 171340102 2768 78050 SH DEFINED 0 75800 2250
CIBER INC SDCV 2.875%12/1 17163BAB8 225 250000 PRN DEFINED 0 250000 0
CIMAREX ENERGY CO COM 171798101 2742 70300 SH DEFINED 0 70300 0
CISCO SYS INC COM 17275R102 733 41000 SH DEFINED 0 41000 0
CIT GROUP INC COM 125581108 513 13500 SH DEFINED 0 13500 0
CITIGROUP INC COM 172967101 1773 39449 SH DEFINED 0 37299 2150
CITRIX SYS INC COM 177376100 6474 271800 SH DEFINED 0 271800 0
CITY NATL CORP COM 178566105 3686 52800 SH DEFINED 0 52800 0
CKE RESTAURANTS INC COM 12561E105 9428 594800 SH DEFINED 0 594800 0
CLAIRES STORES INC COM 179584107 2843 123400 SH DEFINED 0 119400 4000
CLARCOR INC COM 179895107 3112 59900 SH DEFINED 0 59900 0
CLEVELAND CLIFFS INC COM 185896107 8548 117300 SH DEFINED 0 117300 0
CLOSURE MED CORP COM 189093107 534 20000 SH DEFINED 0 20000 0
CNF INC COM 12612W104 2269 48500 SH DEFINED 0 48500 0
COACH INC COM 189754104 16496 291300 SH DEFINED 0 291300 0
COEUR D ALENE MINES CORP IDA COM 192108108 301 82000 SH DEFINED 0 82000 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 20789 449980 SH DEFINED 0 446980 3000
COGNOS INC COM 19244C109 5102 122200 SH DEFINED 0 122200 0
COLDWATER CREEK INC COM 193068103 2146 116100 SH DEFINED 0 116100 0
COLONIAL BANCGROUP INC COM 195493309 821 40000 SH DEFINED 0 40000 0
COLUMBIA SPORTSWEAR CO COM 198516106 1517 28500 SH DEFINED 0 28500 0
COLUMBUS MCKINNON CORP N Y COM 199333105 8489 623300 SH DEFINED 0 623300 0
COMMERCE BANCSHARES INC COM 200525103 1825 37857 SH DEFINED 0 37857 0
COMMERCE GROUP INC MASS COM 200641108 2145 34600 SH DEFINED 0 34600 0
COMMERCIAL CAP BANCORP INC COM 20162L105 1107 54400 SH DEFINED 0 54400 0
COMMERCIAL METALS CO COM 201723103 13763 406100 SH DEFINED 0 406100 0
COMMONWEALTH TEL ENTERPRISES NOTE 3.250% 7/1 203349AB1 301 300000 PRN DEFINED 0 300000 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 13304 381100 SH DEFINED 0 381100 0
COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412209 917 29000 SH DEFINED 0 29000 0
COMPASS BANCSHARES INC COM 20449H109 3178 70000 SH DEFINED 0 70000 0
COMPUTER SCIENCES CORP COM 205363104 735 16025 SH DEFINED 0 15700 325
COMPUWARE CORP COM 205638109 180 25000 SH DEFINED 0 25000 0
COMSTOCK RES INC COM NEW 205768203 1466 51000 SH DEFINED 0 51000 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 3168 60800 SH DEFINED 0 60800 0
COMVERSE TECHNOLOGY INC DEBT 5/1 205862AL9 365 250000 PRN DEFINED 0 250000 0
CONAGRA FOODS INC COM 205887102 762 28200 SH DEFINED 0 28200 0
CONNETICS CORP COM 208192104 314 12400 SH DEFINED 0 12400 0
CONOCOPHILLIPS COM 20825C104 3720 34500 SH DEFINED 0 34500 0
CONSOL ENERGY INC COM 20854P109 423 9000 SH DEFINED 0 9000 0
CONSTELLATION BRANDS INC CL A 21036P108 6344 120000 SH DEFINED 0 119200 800
CONVERGYS CORP COM 212485106 373 25000 SH DEFINED 0 25000 0
COOPER COS INC COM NEW 216648402 7348 100800 SH DEFINED 0 100800 0
CORINTHIAN COLLEGES INC COM 218868107 472 30000 SH DEFINED 0 30000 0
CORPORATE EXECUTIVE BRD CO COM 21988R102 4150 64900 SH DEFINED 0 64900 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 2073 53700 SH DEFINED 0 53700 0
CORUS BANKSHARES INC COM 220873103 382 8000 SH DEFINED 0 8000 0
COSTCO COMPANIES INC NOTE 8/1 22160QAC6 200 200000 PRN DEFINED 0 200000 0
COSTCO WHSL CORP NEW COM 22160K105 239 5400 SH DEFINED 0 5400 0
COVANCE INC COM 222816100 4552 95600 SH DEFINED 0 95600 0
COVENTRY HEALTH CARE INC COM 222862104 4027 59100 SH DEFINED 0 59100 0
CP HOLDRS DEP RCPTS CP 12616K106 9306 101000 SH DEFINED 0 101000 0
CRESCENT REAL ESTATE EQUITIE COM 225756105 817 50000 SH DEFINED 0 50000 0
CROWN CASTLE INTL CORP COM 228227104 996 62000 SH DEFINED 0 62000 0
CRYPTOLOGIC INC COM 228906103 242 7800 SH DEFINED 0 7800 0
CSG SYS INTL INC CONV BD 2 5 & 0 126349AA7 180 200000 PRN DEFINED 0 200000 0
CSX CORP COM 126408103 6872 165000 SH DEFINED 0 165000 0
CSX CORP DBCV 10/3 126408GA5 175 200000 PRN DEFINED 0 200000 0
CUBIC CORP COM 229669106 852 45000 SH DEFINED 0 45000 0
CULLEN FROST BANKERS INC COM 229899109 691 15300 SH DEFINED 0 15300 0
CVS CORP COM 126650100 297 5650 SH DEFINED 0 5650 0
CYTEC INDS INC COM 232820100 3336 61500 SH DEFINED 0 61500 0
CYTYC CORP COM 232946103 1371 59600 SH DEFINED 0 59600 0
D R HORTON INC COM 23331A109 5361 183333 SH DEFINED 0 182933 400
DADE BEHRING HLDGS INC COM 23342J206 3453 58600 SH DEFINED 0 58600 0
DANAHER CORP DEL COM 235851102 5256 98400 SH DEFINED 0 98400 0
DARDEN RESTAURANTS INC COM 237194105 7532 245500 SH DEFINED 0 245500 0
DAVITA INC COM 23918K108 5108 122056 SH DEFINED 0 122056 0
DEAN FOODS CO NEW COM 242370104 4025 117353 SH DEFINED 0 117353 0
DECKERS OUTDOOR CORP COM 243537107 2069 57900 SH DEFINED 0 57900 0
DELL INC COM 24702R101 13443 349900 SH DEFINED 0 347700 2200
DELPHI FINL GROUP INC CL A 247131105 2219 51600 SH DEFINED 0 51600 0
DENBURY RES INC COM NEW 247916208 4964 140900 SH DEFINED 0 140900 0
DENTSPLY INTL INC NEW COM 249030107 1850 34000 SH DEFINED 0 34000 0
DEVON ENERGY CORP NEW COM 25179M103 1871 39188 SH DEFINED 0 36988 2200
DIAMONDCLUSTER INTL INC COM 25278P106 950 59000 SH DEFINED 0 59000 0
DICKS SPORTING GOODS INC COM 253393102 3236 88100 SH DEFINED 0 88100 0
DIEBOLD INC COM 253651103 1646 30000 SH DEFINED 0 30000 0
DIGITAL RIV INC COM 25388B104 1552 49800 SH DEFINED 0 49800 0
DIONEX CORP COM 254546104 1815 33300 SH DEFINED 0 33300 0
DOMINION RES INC VA NEW COM 25746U109 1280 17200 SH DEFINED 0 17200 0
DONALDSON INC COM 257651109 2263 70100 SH DEFINED 0 70000 100
DONNELLEY R R & SONS CO COM 257867101 2920 92360 SH DEFINED 0 92360 0
DORAL FINL CORP COM 25811P100 1182 54000 SH DEFINED 0 54000 0
DOW CHEM CO COM 260543103 813 16300 SH DEFINED 0 16000 300
DU PONT E I DE NEMOURS & CO COM 263534109 1181 23050 SH DEFINED 0 23050 0
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