Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Mustang Capital Advisors, LP
2. Date of Event Requiring Statement (Month/Day/Year)
01/02/2009
3. Issuer Name and Ticker or Trading Symbol
OI CORP [OICO]
(Last)
(First)
(Middle)
1506 MCDUFFIE STREET, 
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77019
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.10 246,620
D (1) (2)
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mustang Capital Advisors, LP
1506 MCDUFFIE STREET
HOUSTON, TX 77019
    X    
Mustang Capital Management, LLC
1506 MCDUFFIE STREET
HOUSTON, TX 77019
    X    
Western Mustang Holdings LLC
416 SOUTH JEFFERSON STREET
SUITE 600
ROANOKE, VA 24011
    X    
WESTERN SIZZLIN CORP
416 SOUTH JEFFERSON STREET
SUITE 600
ROANOKE, VA 24011
    X    

Signatures

By: By: Mustang Capital Management, LLC, its general partner, By: /s/ John K. H. Linnartz, Managing Member 01/23/2009
**Signature of Reporting Person Date

By: By: /s/ John K. H. Linnartz, Managing Member 01/23/2009
**Signature of Reporting Person Date

By: By: Western Sizzlin Corporation, its sole member, By: /s/ Robyn Mabe, Vice President and CFO 01/23/2009
**Signature of Reporting Person Date

By: By: /s/ Robyn Mabe, Vice President and CFO 01/23/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
(2) Shares of Common Stock beneficially owned by Mustang Capital Advisors, LP ("MCA"). As the general partner of MCA, Mustang Capital Management, LLC ("MCM") may be deemed to beneficially own the shares of Common Stock beneficially owned by MCA. As the managing member of MCM, John K. H. Linnarts may be deemed to beneficially own the shares of Common Stock beneficially owned by MCA. By virtue of its 51% ownership interest in MCM, Western Mustang Holdings LLC ("Western Mustang") may be deemed to beneficially own the shares of Common Stock beneficially owned by MCA. As the sole member of Western Mustang, Western Sizzlin Corporation may be deemed to beneficially own the shares of Common Stock beneficially owned by MCA.

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