SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                ----------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

                                ----------------

    INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c)
        AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE
                         SECURITIES EXCHANGE ACT OF 1934

                            ACORDA THERAPEUTICS, INC.
                                (Name of Issuer)

                    COMMON STOCK, PAR VALUE $0.001 PER SHARE
                         (Title of Class of Securities)

                                    00484M106
                                 (CUSIP Number)

                                 January 8, 2007
             (Date of Event Which Requires Filing of this Statement)

         Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

         [ ] Rule 13d-1(b)

         [X] Rule 13d-1(c)

         [ ] Rule 13d-1(d)

-----------

         * The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

         The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).





Schedule 13G
CUSIP No. 00484M106                                               PAGE 2 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner Partners
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        New York
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     63,723
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     63,723
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     63,723
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     0.3%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     PN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 3 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner Institutional Partners, L.P.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     110,735
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     110,735
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     110,735
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     0.5%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     PN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 4 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       M.H. Davidson & Co.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        New York
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     8,492
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     8,492
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     8,492
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     0.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     PN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 5 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner International, Ltd.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        British Virgin Islands
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     172,729
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     172,729
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     172,729
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     0.8%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     CO
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 6 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Serena Limited
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        Cayman Islands
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     4,566
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     4,566
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     4,566
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     0.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     CO
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 7 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner Healthcare Fund LP
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     405,485
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     405,485
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     405,485
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     1.8%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     PN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 8 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner Healthcare International Ltd.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        Cayman Islands
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     393,688
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     393,688
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     393,688
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     1.7%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     CO
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 9 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       MHD Management Co.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        New York
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     63,723
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     63,723
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     63,723
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     0.3%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     PN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 10 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner Advisers Inc.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        New York
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     110,735
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     110,735
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     110,735
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     0.5%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IA
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 11 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner International Advisors, L.L.C.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     177,295
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     177,295
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     177,295
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     0.8%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     OO
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 12 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       DK Group LLC
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     405,485
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     405,485
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     405,485
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     1.8%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     OO
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 13 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       DK Management Partners LP
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     393,688
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     393,688
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     393,688
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     1.7%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     PN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 14 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       DK Stillwater GP LLC
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     393,688
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     393,688
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     393,688
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     1.7%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     OO
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 15 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Thomas L. Kempner, Jr.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 16 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Marvin H. Davidson
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 17 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Stephen M. Dowicz
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 18 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Scott E. Davidson
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 19 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Michael J. Leffell
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 20 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Timothy I. Levart
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United Kingdom & United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 21 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Robert J. Brivio, Jr.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 22 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Eric P. Epstein
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 23 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Anthony A. Yoseloff
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 24 OF 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Avram Z. Friedman
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                (a)  [ ]
                                                                (b)  [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                                     0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                                     1,159,418
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                                     0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                                     1,159,418
------------------------------------------------------------------------------
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
       BY EACH REPORTING PERSON
                                     1,159,418
------------------------------------------------------------------------------
(10)   CHECK BOX IF THE AGGREGATE AMOUNT
       IN ROW (9) EXCLUDES CERTAIN SHARES                            [ ]
------------------------------------------------------------------------------
(11)   PERCENT OF CLASS REPRESENTED
       BY AMOUNT IN ROW (9)
                                     5.0%
------------------------------------------------------------------------------
(12)   TYPE OF REPORTING PERSON
                                     IN
------------------------------------------------------------------------------






Schedule 13G
CUSIP No. 00484M106                                               PAGE 25 OF 42

------------------------------------------------------------------------------


ITEM 1(a).        NAME OF ISSUER:

                  Acorda Therapeutics, Inc. (the "Company")

ITEM 1(b).        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  15 Skyline Drive
                  Hawthorne, NY 10532

ITEM 2(a).        NAME OF PERSON FILING:

         This Statement is filed by each of the entities and persons listed
below, all of whom together are referred to herein as the "Reporting Persons":

          (i)      Davidson Kempner Partners, a New York limited
                   partnership ("DKP");

          (ii)     Davidson Kempner Institutional Partners, L.P., a
                   Delaware limited partnership ("DKIP");

          (iii)    M. H. Davidson & Co., a New York limited partnership
                   ("CO");

          (iv)     Davidson Kempner International, Ltd., a British
                   Virgin Islands corporation ("DKIL");

          (v)      Serena Limited, a Cayman Islands corporation
                   ("Serena");

          (vi)     Davidson Kempner Healthcare Fund LP, a Delaware
                   limited partnership ("DKHF");

          (vii)    Davidson Kempner Healthcare International Ltd., a
                   Cayman Islands corporation ("DKHI");

          (viii)   MHD Management Co., a New York limited partnership
                   and the general partner of DKP ("MHD");

          (ix)     Davidson Kempner Advisers Inc., a New York
                   corporation and the general partner of DKIP ("DKAI"),
                   which is registered as an investment adviser with the
                   U.S. Securities and Exchange Commission;

          (x)      Davidson Kempner International Advisors, L.L.C., a
                   Delaware limited liability company and the manager of
                   DKIL and Serena ("DKIA");

          (xi)     DK Group LLC, a Delaware limited liability company
                   and the general partner of DKHF ("DKG");

          (xii)    DK Management Partners LP, a Delaware limited
                   partnership and the investment manager of DKHI
                   ("DKMP");





Schedule 13G
CUSIP No. 00484M106                                               PAGE 26 OF 42

          (xiii)   DK Stillwater GP LLC, a Delaware limited liability
                   company and the general partner of DKMP ("DKS"); and

          (xiv)    Messrs. Thomas L. Kempner, Jr., Marvin H. Davidson,
                   Stephen M. Dowicz, Scott E. Davidson, Michael J. Leffell,
                   Timothy I. Levart, Robert J. Brivio, Jr., Anthony A.
                   Yoseloff, Eric P. Epstein and Avram Z. Friedman
                   (collectively, the "Principals"), who are the general
                   partners of CO and MHD, the sole managing members of DKIA
                   and DKG and the sole stockholders of DKAI. Messrs. Thomas L.
                   Kempner, Jr. and Timothy I. Levart are Executive Managing
                   Member and Deputy Executive Managing Member, respectively,
                   of DKS. Each of Messrs. Kempner and Levart, together with
                   Messrs. Marvin H. Davidson, Stephen M. Dowicz, Scott E.
                   Davidson, Michael J. Leffell, Robert J. Brivio, Jr., Anthony
                   A. Yoseloff, Eric P. Epstein and Avram Z. Friedman are
                   limited partners of DKMP.

ITEM 2(b).        ADDRESS OF PRINCIPAL BUSINESS OFFICE:

         The address of the principal business office of each of the Reporting
Persons is c/o Davidson Kempner Partners, 65 East 55th Street, 19th Floor, New
York, New York 10022.

ITEM 2(c).        CITIZENSHIP:

          (i)      DKP - a New York limited partnership

          (ii)     DKIP - a Delaware limited partnership

          (iii)    CO - a New York limited partnership

          (iv)     DKIL - a British Virgin Islands corporation

          (v)      Serena - a Cayman Islands corporation

          (vi)     DKHF - a Delaware limited partnership

          (vii)    DKHI - a Cayman Islands corporation

          (viii)   MHD - a New York limited partnership

          (ix)     DKAI - a New York corporation

          (x)      DKIA - a Delaware limited liability company

          (xi)     DKG - a Delaware limited liability company

          (xii)    DKMP - a Delaware limited partnership

          (xiii)   DKS - a Delaware limited liability company

          (xiv)    Thomas L. Kempner, Jr. - United States






Schedule 13G
CUSIP No. 00484M106                                               PAGE 27 OF 42


          (xv)     Marvin H. Davidson - United States

          (xvi)    Stephen M. Dowicz - United States

          (xvii)   Scott E. Davidson -United States

          (xviii)  Michael J. Leffell - United States

          (xix)    Timothy I. Levart - United Kingdom & United States

          (xx)     Robert J. Brivio, Jr. - United States

          (xxi)    Eric P. Epstein - United States

          (xxii)   Anthony A. Yoseloff - United States

          (xxiii)  Avram Z. Friedman - United States

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:

         COMMON STOCK, PAR VALUE $0.001 PER SHARE

ITEM 2(e).  CUSIP NUMBER:

         00484M106

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:

          (a) [ ]  Broker or dealer registered under Section 15 of the Act;

          (b) [ ]  Bank as defined in Section 3(a)(6) of the Act;

          (c) [ ]  Insurance Company as defined in Section 3(a)(19) of the Act;

          (d) [ ]  Investment Company registered under Section 8 of the
                   Investment Company Act of 1940;

          (e) [ ]  Investment Adviser registered under Section 203 of the
                   Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E);

          (f) [ ]  Employee Benefit Plan, Pension Fund which is subject to the
                   provisions of the Employee Retirement Income Security Act
                   of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F);

          (g) [ ]  Parent Holding Company, in accordance with
                   Rule 13d-1(b)(ii)(G);

          (h) [ ]  Savings Associations as defined in Section 3(b) of the
                   Federal Deposit Insurance Act;





Schedule 13G
CUSIP No. 00484M106                                               PAGE 28 OF 42


          (i) [ ]  Church Plan that is excluded from the definition of an
                   investment company under Section 3(c)(14) of the
                   Investment Company Act of 1940;

          (j) [ ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

ITEM 4.   OWNERSHIP.

         The Principals may be deemed to beneficially own an aggregate of
1,159,418 shares as a result of their voting and dispositive power over the
1,159,418 shares beneficially owned by DKP, DKIP, DKIL, Serena, CO, DKHF and
DKHI.

         DKIA may be deemed to beneficially own the 172,729 shares beneficially
owned by DKIL and the 4,566 shares beneficially owned by Serena as a result of
its voting and dispositive power over those shares. DKAI may be deemed to
beneficially own the 110,735 shares beneficially owned by DKIP as a result of
its voting and dispositive power over those shares. MHD may be deemed to
beneficially own the 63,723 shares beneficially owned by DKP as a result of its
voting and dispositive power over those shares. DKG may be deemed to
beneficially own the 405,485 shares beneficially owned by DKHF as a result of
its voting and dispositive power over those shares. DKMP and DKS may be deemed
to beneficially own the 393,688 shares beneficially owned by DKHI as a result of
their voting and dispositive power over those shares.

      A.  DKP

          (a) Amount beneficially owned: 63,723

          (b) Percent of class: 0.3%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 63,723

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      63,723

      B.  DKIP

          (a) Amount beneficially owned: 110,735

          (b) Percent of class: 0.5%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 110,735






Schedule 13G
CUSIP No. 00484M106                                               PAGE 29 OF 42


              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      110,735

      C.  CO

          (a) Amount beneficially owned: 8,492

          (b) Percent of class: 0.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 8,492

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      8,492

      D.  DKIL

          (a) Amount beneficially owned: 172,729

          (b) Percent of class: 0.8%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 172,729

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      172,729

      E.  Serena

          (a) Amount beneficially owned: 4,566

          (b) Percent of class: 0.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 4,566

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      4,566





Schedule 13G
CUSIP No. 00484M106                                               PAGE 30 OF 42

      F.  DKHF

          (a) Amount beneficially owned: 405,485

          (b) Percent of class: 1.8%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 405,485

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      405,485

      G.  DKHI

          (a) Amount beneficially owned: 393,688

          (b) Percent of class: 1.7%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 393,688

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      393,688

      H.  MHD

          (a) Amount beneficially owned: 63,723

          (b) Percent of class: 0.3%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 63,723

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      63,723





Schedule 13G
CUSIP No. 00484M106                                               PAGE 31 OF 42

      I.  DKAI

          (a) Amount beneficially owned: 110,735

          (b) Percent of class: 0.5%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 110,735

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      110,735

      J.  DKIA

          (a) Amount beneficially owned: 177,295

          (b) Percent of class: 0.8%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 177,295

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      177,295

      K.  DKG

          (a) Amount beneficially owned: 405,485

          (b) Percent of class: 1.8%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 405,485

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      405,485





Schedule 13G
CUSIP No. 00484M106                                               PAGE 32 OF 42

      L.  DKMP

          (a) Amount beneficially owned: 393,688

          (b) Percent of class: 1.7%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 393,688

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      393,688

      M.  DKS

          (a) Amount beneficially owned: 393,688

          (b) Percent of class: 1.7%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 393,688

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      393,688

      N.  Thomas L. Kempner, Jr.

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418





Schedule 13G
CUSIP No. 00484M106                                               PAGE 33 OF 42

      O.  Marvin H. Davidson

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418

      P.  Stephen M. Dowicz

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418

      Q.  Scott E. Davidson

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418





Schedule 13G
CUSIP No. 00484M106                                               PAGE 34 OF 42

      R.  Michael J. Leffell

          (a) Amount beneficially owned. 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418

      S.  Timothy I. Levart

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418

      T.  Robert J. Brivio, Jr.

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418





Schedule 13G
CUSIP No. 00484M106                                               PAGE 35 OF 42

      U.  Eric P. Epstein

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418

      V.  Anthony A. Yoseloff

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418

      W.  Avram Z. Friedman

          (a) Amount beneficially owned: 1,159,418

          (b) Percent of class: 5.0%

          (c) Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote: 0

              (ii)  shared power to vote or to direct the vote: 1,159,418

              (iii) sole power to dispose or to direct the disposition: 0

              (iv)  shared power to dispose or to direct the disposition:
                      1,159,418





Schedule 13G
CUSIP No. 00484M106                                               PAGE 36 OF 42



ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

          Not applicable.

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

     The partners, members or stockholders of each of the Reporting Persons,
including the Principals, have the right to participate in the receipt of
dividends from, or proceeds from the sale of, the securities held for the
account of such Reporting Person in accordance with their ownership interests in
such Reporting Person. The Reporting Persons disclaim all beneficial ownership
as affiliates of a registered investment adviser, and, in any case, disclaim
beneficial ownership except as to the extent of their pecuniary interest in the
shares. The Reporting Persons have elected to file Schedule 13G although such
filing may not be required under the Act.

ITEM 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
          ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
          HOLDING COMPANY.

          Not applicable.

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

          See Item 4.

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP.

          Not applicable.

ITEM 10.  CERTIFICATION.  (if filing pursuant to Rule 13d-1(c))

     Each of the Reporting Persons hereby makes the following certification:

     By signing below we certify that, to the best of our knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.






Schedule 13G
CUSIP No. 00484M106                                               PAGE 37 OF 42


                                   SIGNATURES

     After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.

DATED:  January 17, 2007             DAVIDSON KEMPNER PARTNERS
                                     By: MHD Management Co.,
                                     its General Partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Managing Partner

                                     DAVIDSON KEMPNER INSTITUTIONAL
                                     PARTNERS, L.P.
                                     By: Davidson Kempner Advisers Inc.,
                                     its General Partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: President

                                     M.H. DAVIDSON & CO.

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Managing Partner

                                     DAVIDSON KEMPNER INTERNATIONAL, LTD.
                                     By: Davidson Kempner International
                                     Advisors, L.L.C.,
                                     its Investment Manager

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     SERENA LIMITED
                                     By: Davidson Kempner International
                                     Advisors, L.L.C.,
                                     its Investment Manager

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member





Schedule 13G
CUSIP No. 00484M106                                               PAGE 38 OF 42


                                     DAVIDSON KEMPNER HEALTHCARE FUND LP
                                     By:  DK Group LLC,
                                     its General Partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     DAVIDSON KEMPNER HEALTHCARE
                                     INTERNATIONAL LTD.
                                     By:  DK Management Partners LP,
                                     its Investment Manager
                                     By: DK Stillwater GP LLC,
                                     its general partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     MHD MANAGEMENT CO.

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Managing Partner

                                     DAVIDSON KEMPNER ADVISERS INC.

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: President

                                     DAVIDSON KEMPNER INTERNATIONAL
                                     ADVISORS, L.L.C.

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     DK GROUP LLC

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member





Schedule 13G
CUSIP No. 00484M106                                               PAGE 39 OF 42


                                     DK MANAGEMENT PARTNERS LP
                                     By:  DK Stillwater GP LLC,
                                     its general partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     DK STILLWATER GP LLC

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Thomas L. Kempner, Jr.

                                     /s/ Marvin H. Davidson
                                     ------------------------------------
                                     Marvin H. Davidson

                                     /s/ Stephen M. Dowicz
                                     ------------------------------------
                                     Stephen M. Dowicz

                                     /s/ Scott E. Davidson
                                     ------------------------------------
                                     Scott E. Davidson

                                     /s/ Michael J. Leffell
                                     ------------------------------------
                                     Michael J. Leffell

                                     /s/ Timothy I. Levart
                                     ------------------------------------
                                     Timothy I. Levart

                                     /s/ Robert J. Brivio, Jr.
                                     ------------------------------------
                                     Robert J. Brivio, Jr.

                                     /s/ Eric P. Epstein
                                     ------------------------------------
                                     Eric P. Epstein

                                     /s/ Anthony A. Yoseloff
                                     ------------------------------------
                                     Anthony A. Yoseloff

                                     /s/ Avram Z. Friedman
                                     ------------------------------------
                                     Avram Z. Friedman




Schedule 13G
CUSIP No. 00484M106                                               PAGE 40 OF 42


                                    EXHIBIT 1

                           JOINT ACQUISITION STATEMENT

                            PURSUANT TO RULE 13d-1(k)

     The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.

DATED:  January 17, 2007             DAVIDSON KEMPNER PARTNERS
                                     By: MHD Management Co.,
                                     its General Partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Managing Partner

                                     DAVIDSON KEMPNER INSTITUTIONAL
                                     PARTNERS, L.P.
                                     By: Davidson Kempner Advisers Inc.,
                                     its General Partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: President

                                     M.H. DAVIDSON & CO.

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Managing Partner

                                     DAVIDSON KEMPNER INTERNATIONAL, LTD.
                                     By: Davidson Kempner International
                                     Advisors, L.L.C.,
                                     its Investment Manager

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member






Schedule 13G
CUSIP No. 00484M106                                               PAGE 41 OF 42


                                     SERENA LIMITED
                                     By: Davidson Kempner International
                                     Advisors, L.L.C.,
                                     its Investment Manager

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     DAVIDSON KEMPNER HEALTHCARE FUND LP
                                     By: DK Group LLC,
                                     its General Partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     DAVIDSON KEMPNER HEALTHCARE
                                     INTERNATIONAL LTD.
                                     By: DK Management Partners LP,
                                     its Investment Manager
                                     By: DK Stillwater GP LLC,
                                     its general partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     MHD MANAGEMENT CO.

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Managing Partner

                                     DAVIDSON KEMPNER ADVISERS INC.

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: President

                                     DAVIDSON KEMPNER INTERNATIONAL
                                     ADVISORS, L.L.C.

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member






Schedule 13G
CUSIP No. 00484M106                                               PAGE 42 OF 42


                                     DK GROUP LLC

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     DK MANAGEMENT PARTNERS LP
                                     By:  DK Stillwater GP LLC,
                                     its general partner

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     DK STILLWATER GP LLC

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Name:  Thomas L. Kempner, Jr.
                                     Title: Executive Managing Member

                                     /s/ Thomas L. Kempner, Jr.
                                     ------------------------------------
                                     Thomas L. Kempner, Jr.

                                     /s/ Marvin H. Davidson
                                     ------------------------------------
                                     Marvin H. Davidson

                                     /s/ Stephen M. Dowicz
                                     ------------------------------------
                                     Stephen M. Dowicz

                                     /s/ Scott E. Davidson
                                     ------------------------------------
                                     Scott E. Davidson

                                     /s/ Michael J. Leffell
                                     ------------------------------------
                                     Michael J. Leffell

                                     /s/ Timothy I. Levart
                                     ------------------------------------
                                     Timothy I. Levart

                                     /s/ Robert J. Brivio, Jr.
                                     ------------------------------------
                                     Robert J. Brivio, Jr.

                                     /s/ Eric P. Epstein
                                     ------------------------------------
                                     Eric P. Epstein

                                     /s/ Anthony A. Yoseloff
                                     ------------------------------------
                                     Anthony A. Yoseloff

                                     /s/ Avram Z. Friedman
                                     ------------------------------------
                                     Avram Z. Friedman