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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2006
---------------------------
Check here if Amendment [ ]; Amendment Number:
-------
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Piper Jaffray Companies
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Address: 800 Nicollet Mall
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Suite 800
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Minneapolis, MN 55402-7020
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Form 13F File Number: 28-10776
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The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Tim Carter
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Title: Controller
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Phone: 612-303-6000
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Signature, Place, and Date of Signing:
/s/ Tim Carter Minneapolis, MN 8/14/06
--------------------- -------------------------------------- -------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
FORM 13F
SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 1,723
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Form 13F Information Table Value Total: $ 565,802
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(thousands)
CONFIDENTIAL TREATMENT REQUESTED: the information for which Piper Jaffray
Companies is requesting confidential treatment has been omitted and filed
separately with the Commission.
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report. NONE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
21ST CENTY HLDG CO COM 90136Q100 95 7,250 SH SOLE 0 0 7,250
3COM CORP COM 885535104 1 225 SH SOLE 0 0 225
3M CO COM 88579Y101 2,845 35,229 SH SOLE 0 0 35,229
51JOB INC SP ADR REP COM 316827104 3 145 SH SOLE 0 0 145
A D C TELECOMMUNICATIONS COM NEW 000886309 1,753 104,001 SH SOLE 0 0 104,001
A S V INC COM 001963107 21 900 SH SOLE 0 0 900
ABAXIS INC COM 002567105 5 235 SH SOLE 0 0 235
ABB LTD SPONSORED ADR 000375204 98 7,600 SH SOLE 0 0 7,600
ABBEY NATL PLC ADR PRF B7.375 002920700 8 300 SH SOLE 0 0 300
ABBOTT LABS COM 002824100 70 1,600 SH CALL SOLE 0 0 1,600
ABBOTT LABS COM 002824100 2,081 47,709 SH SOLE 0 0 47,709
ABERDEEN ASIA PACIFIC INCOM COM 003009107 45 7,500 SH SOLE 0 0 7,500
ABRAXIS BIOSCIENCE INC COM 00383E106 2 90 SH SOLE 0 0 90
ACCENTURE LTD BERMUDA CL A G1150G111 150 5,303 SH SOLE 900 0 4,403
ACCO BRANDS CORP COM 00081T108 3 117 SH SOLE 0 0 117
ACE LTD ORD G0070K103 46 900 SH SOLE 0 0 900
ACERGY S A SPONSORED ADR 00443E104 6 400 SH SOLE 0 0 400
ACM INCOME FUND INC COM 000912105 18 2,427 SH SOLE 0 0 2,427
ACORDA THERAPEUTICS INC COM 00484M106 1 251 SH SOLE 251 0 0
ACTIVISION INC NEW COM NEW 004930202 3 253 SH SOLE 0 0 253
ACTUANT CORP SDCV 2.000%11/1 00508XAB0 1,338 1,000,000 PRN SOLE 1,000,000 0 0
ADA ES INC COM 005208103 19 1,100 SH SOLE 0 0 1,100
ADAMS EXPRESS CO COM 006212104 27 2,100 SH SOLE 0 0 2,100
ADECCO SA SPONSORED ADR 006754105 1 34 SH SOLE 0 0 34
ADESA INC COM 00686U104 2 100 SH SOLE 0 0 100
ADOBE SYS INC COM 00724F101 338 11,142 SH SOLE 0 0 11,142
ADVANCED ANALOGIC TECHNOLOGI COM 00752J108 264 25,194 SH SOLE 25,194 0 0
ADVANCED MEDICAL OPTICS INC COM 00763M108 3 55 SH SOLE 0 0 55
ADVANCED MICRO DEVICES INC COM 007903107 168 6,894 SH SOLE 3,350 0 3,544
ADVENT CLAYMORE CV SECS & IN COM 00764C109 281 11,547 SH SOLE 0 0 11,547
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 180 10,850 SH SOLE 0 0 10,850
AEGON N V ORD AMER REG 007924103 1 30 SH SOLE 0 0 30
AEROPOSTALE COM 007865108 3 100 SH SOLE 0 0 100
AES CORP COM 00130H105 2,939 159,312 SH SOLE 0 0 159,312
AES TR III PFD CV 6.75% 00808N202 23 490 SH SOLE 0 0 490
AETNA INC NEW COM 00817Y108 56 1,409 SH SOLE 0 0 1,409
AEW REAL ESTATE INCOME FD COM 00104H107 15 800 SH SOLE 0 0 800
AFFYMETRIX INC COM 00826T108 60 2,345 SH SOLE 145 0 2,200
AFLAC INC COM 001055102 73 1,584 SH SOLE 0 0 1,584
AGERE SYS INC COM 00845V308 3 208 SH SOLE 0 0 208
AGILENT TECHNOLOGIES INC COM 00846U101 238 7,531 SH SOLE 0 0 7,531
AIM SELECT REAL ESTATE INCM SHS 00888R107 96 6,200 SH SOLE 0 0 6,200
AIR PRODS & CHEMS INC COM 009158106 617 9,660 SH SOLE 0 0 9,660
AIRTRAN HLDGS INC COM 00949P108 186 12,550 SH SOLE 0 0 12,550
AIXTRON AKTIENGESELLSCHAFT SPONSORED ADR 009606104 3 1,020 SH SOLE 0 0 1,020
AKAMAI TECHNOLOGIES INC COM 00971T101 70 1,925 SH SOLE 0 0 1,925
ALBEMARLE CORP COM 012653101 60 1,250 SH SOLE 0 0 1,250
ALCAN INC COM 013716105 20 425 SH SOLE 0 0 425
ALCOA INC COM 013817101 542 16,736 SH SOLE 0 0 16,736
ALCON INC COM SHS H01301102 10 98 SH SOLE 0 0 98
ALERIS INTL INC COM 014477103 308 6,710 SH SOLE 0 0 6,710
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
ALEXION PHARMACEUTICALS INC NOTE 1.375% 2/0 015351AF6 20 15,000 PRN SOLE 15,000 0 0
ALIGN TECHNOLOGY INC COM 016255101 3 400 SH SOLE 0 0 400
ALKERMES INC COM 01642T108 108 5,723 SH SOLE 153 0 5,570
ALL AMERICAN SEMICONDUCTOR I COM NEW 016557407 1 240 SH SOLE 0 0 240
ALLERGAN INC COM 018490102 152 1,421 SH SOLE 0 0 1,421
ALLETE INC COM NEW 018522300 3 66 SH SOLE 0 0 66
ALLIANCE DATA SYSTEMS CORP COM 018581108 10 170 SH SOLE 0 0 170
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 2 60 SH SOLE 0 0 60
ALLIANCE WORLD DLR GV FD II COM 01879R106 111 9,249 SH SOLE 0 0 9,249
ALLIANCE WORLD DLR GV FD INC COM 018796102 10 804 SH SOLE 0 0 804
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 695 11,367 SH SOLE 0 0 11,367
ALLIANT ENERGY CORP COM 018802108 81 2,352 SH SOLE 0 0 2,352
ALLIANT TECHSYSTEMS INC COM 018804104 11 138 SH SOLE 0 0 138
ALLIED CAP CORP NEW COM 01903Q108 46 1,600 SH SOLE 0 0 1,600
ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 519 45,700 SH SOLE 0 0 45,700
ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 5 300 SH SOLE 0 0 300
ALLSTATE CORP COM 020002101 789 14,411 SH SOLE 0 0 14,411
ALLTEL CORP COM 020039103 797 12,491 SH SOLE 0 0 12,491
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 1 39 SH SOLE 39 0 0
ALON USA ENERGY INC COM 020520102 6 200 SH SOLE 0 0 200
ALPHA NATURAL RESOURCES INC COM 02076X102 1 41 SH SOLE 0 0 41
ALTERA CORP COM 021441100 10 597 SH SOLE 0 0 597
ALTRIA GROUP INC COM 02209S103 1,155 15,726 SH SOLE 0 0 15,726
AMAZON COM INC COM 023135106 128 3,300 SH SOLE 0 0 3,300
AMB PROPERTY CORP COM 00163T109 2 32 SH SOLE 0 0 32
AMBAC FINL GROUP INC COM 023139108 18 227 SH SOLE 0 0 227
AMDOCS LTD ORD G02602103 8 230 SH SOLE 0 0 230
AMEREN CORP COM 023608102 274 5,416 SH SOLE 0 0 5,416
AMERICA FIRST APT INV INC COM 02363X104 2 115 SH SOLE 0 0 115
AMERICA MOVIL S A DE C V SPON ADR L SHS 02364W105 29 860 SH SOLE 0 0 860
AMERICAN AXLE & MFG HLDGS IN COM 024061103 1 40 SH SOLE 0 0 40
AMERICAN CAPITAL STRATEGIES COM 024937104 336 10,050 SH SOLE 0 0 10,050
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 70 2,044 SH SOLE 400 0 1,644
AMERICAN ELEC PWR INC COM 025537101 97 2,842 SH SOLE 0 0 2,842
AMERICAN EXPRESS CO COM 025816109 4,370 82,104 SH SOLE 0 0 82,104
AMERICAN FINL RLTY TR COM 02607P305 41 4,262 SH SOLE 0 0 4,262
AMERICAN HOME MTG INVT CORP COM 02660R107 50 1,351 SH SOLE 0 0 1,351
AMERICAN INTL GROUP INC COM 026874107 665 11,268 SH SOLE 0 0 11,268
AMERICAN MED SYS HLDGS INC COM 02744M108 889 53,366 SH SOLE 40,569 0 12,797
AMERICAN MUN INCOME PORTFOLI COM 027649102 113 7,641 SH SOLE 0 0 7,641
AMERICAN SELECT PORTFOLIO IN COM 029570108 378 32,956 SH SOLE 0 0 32,956
AMERICAN STD COS INC DEL COM 029712106 11 249 SH SOLE 0 0 249
AMERICAN STRATEGIC INCM PTFL COM 030098107 272 25,652 SH SOLE 0 0 25,652
AMERICAN STRATEGIC INCOME II COM 03009T101 518 49,108 SH SOLE 0 0 49,108
AMERICAN STS WTR CO COM 029899101 37 1,050 SH SOLE 0 0 1,050
AMERICAN TOWER CORP CL A 029912201 12 400 SH SOLE 0 0 400
AMERICANWEST BANCORPORATION COM 03058P109 5 200 SH SOLE 0 0 200
AMERICREDIT CORP COM 03060R101 14 500 SH SOLE 0 0 500
AMERIPRISE FINL INC COM 03076C106 32 706 SH SOLE 0 0 706
AMERISTAR CASINOS INC COM 03070Q101 11 560 SH SOLE 0 0 560
AMERN STRATEGIC INCOME PTFL COM 030099105 363 35,306 SH SOLE 0 0 35,306
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
AMETEK INC NEW COM 031100100 1 14 SH SOLE 0 0 14
AMGEN INC COM 031162100 2,224 34,088 SH SOLE 184 0 33,904
AMR CORP COM 001765106 13 500 SH SOLE 0 0 500
AMSOUTH BANCORPORATION COM 032165102 109 4,121 SH SOLE 0 0 4,121
AMYLIN PHARMACEUTICALS INC COM 032346108 3 54 SH SOLE 0 0 54
ANADARKO PETE CORP COM 032511107 578 12,116 SH SOLE 0 0 12,116
ANALOG DEVICES INC COM 032654105 357 11,114 SH SOLE 0 0 11,114
ANALYSTS INTL CORP COM 032681108 1 250 SH SOLE 0 0 250
ANDREW CORP COM 034425108 4 430 SH SOLE 0 0 430
ANDRX CORP DEL ANDRX GROUP 034553107 16 690 SH SOLE 90 0 600
ANGLO AMERN PLC ADR 03485P102 30 1,470 SH SOLE 0 0 1,470
ANHEUSER BUSCH COS INC COM 035229103 3,733 81,872 SH SOLE 0 0 81,872
ANNALY MTG MGMT INC COM 035710409 27 2,102 SH SOLE 0 0 2,102
ANNTAYLOR STORES CORP COM 036115103 4 100 SH SOLE 0 0 100
ANTHRACITE CAP INC COM 037023108 109 9,000 SH SOLE 0 0 9,000
AON CORP COM 037389103 627 18,011 SH SOLE 0 0 18,011
APACHE CORP COM 037411105 1,989 29,140 SH SOLE 0 0 29,140
APEX SILVER MINES LTD ORD G04074103 4 250 SH SOLE 0 0 250
APOLLO GROUP INC CL A 037604105 381 7,365 SH SOLE 0 0 7,365
APPLE COMPUTER INC COM 037833100 1,803 31,480 SH SOLE 20 0 31,460
APPLEBEES INTL INC COM 037899101 2 100 SH SOLE 100 0 0
APPLERA CORP COM AP BIO GRP 038020103 3 108 SH SOLE 0 0 108
APPLIED FILMS CORP COM 038197109 2 72 SH SOLE 0 0 72
APPLIED MATLS INC COM 038222105 61 3,724 SH SOLE 0 0 3,724
APPLIED MICRO CIRCUITS CORP COM 03822W109 3 1,238 SH SOLE 0 0 1,238
APTARGROUP INC COM 038336103 10 200 SH SOLE 0 0 200
AQUA AMERICA INC COM 03836W103 198 8,671 SH SOLE 0 0 8,671
AQUILA INC COM 03840P102 2 586 SH SOLE 0 0 586
ARCH COAL INC COM 039380100 72 1,700 SH SOLE 0 0 1,700
ARCHER DANIELS MIDLAND CO COM 039483102 117 2,834 SH SOLE 0 0 2,834
ARCHSTONE SMITH TR COM 039583109 13 250 SH SOLE 0 0 250
ARMOR HOLDINGS INC COM 042260109 11 200 SH SOLE 0 0 200
ARRAY BIOPHARMA INC COM 04269X105 9 1,013 SH SOLE 183 0 830
ASA BERMUDA LIMITED COM G3156P103 203 3,175 SH SOLE 0 0 3,175
ASHLAND INC NEW COM 044209104 13 200 SH SOLE 0 0 200
ASIA PAC FD INC COM 044901106 588 31,103 SH SOLE 0 0 31,103
ASPECT MED SYS INC COM 045235108 504 28,885 SH SOLE 0 0 28,885
ASSOCIATED BANC CORP COM 045487105 94 2,980 SH SOLE 0 0 2,980
ASTA FDG INC COM 046220109 4 100 SH SOLE 0 0 100
ASTORIA FINL CORP COM 046265104 33 1,087 SH SOLE 0 0 1,087
ASTRAZENECA PLC SPONSORED ADR 046353108 440 7,350 SH SOLE 0 0 7,350
AT ROAD INC COM 04648K105 1 100 SH SOLE 100 0 0
AT&T INC COM 00206R102 1,988 71,277 SH SOLE 0 0 71,277
ATHEROGENICS INC COM 047439104 63 4,837 SH SOLE 37 0 4,800
ATLAS AMER INC COM 049167109 95 2,113 SH SOLE 0 0 2,113
ATMEL CORP COM 049513104 8 1,500 SH SOLE 0 0 1,500
ATMOS ENERGY CORP COM 049560105 17 603 SH SOLE 0 0 603
ATRICURE INC COM 04963C209 415 55,175 SH SOLE 0 0 55,175
AUDIOCODES LTD NOTE 2.000%11/0 050732AB2 886 1,000,000 PRN SOLE 1,000,000 0 0
AUTODESK INC COM 052769106 335 9,728 SH SOLE 593 0 9,135
AUTOMATIC DATA PROCESSING IN COM 053015103 249 5,501 SH SOLE 0 0 5,501
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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AUTOZONE INC COM 053332102 3,212 36,415 SH SOLE 0 0 36,415
AUXILIUM PHARMACEUTICALS INC COM 05334D107 1 147 SH SOLE 147 0 0
AVALONBAY CMNTYS INC COM 053484101 6 55 SH SOLE 0 0 55
AVANEX CORP COM 05348W109 1 500 SH SOLE 0 0 500
AVATAR HLDGS INC COM 053494100 6 110 SH SOLE 0 0 110
AVAYA INC COM 053499109 5 480 SH SOLE 0 0 480
AVERY DENNISON CORP COM 053611109 510 8,776 SH SOLE 0 0 8,776
AVIALL INC NEW COM 05366B102 4 90 SH SOLE 0 0 90
AVID TECHNOLOGY INC COM 05367P100 2 50 SH SOLE 50 0 0
AVON PRODS INC COM 054303102 48 1,540 SH SOLE 0 0 1,540
AXA SPONSORED ADR 054536107 4 125 SH SOLE 0 0 125
AZTAR CORP COM 054802103 15 280 SH SOLE 0 0 280
BAKER HUGHES INC COM 057224107 792 9,674 SH SOLE 0 0 9,674
BALL CORP COM 058498106 312 8,420 SH SOLE 0 0 8,420
BALLANTYNE OMAHA INC COM 058516105 4 1,000 SH SOLE 0 0 1,000
BALLARD PWR SYS INC COM 05858H104 5 925 SH SOLE 0 0 925
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1 41 SH SOLE 0 0 41
BANCO SANTANDER CENT HISPANO ADR 05964H105 1 85 SH SOLE 0 0 85
BANCOLOMBIA S A SPON ADR PREF 05968L102 10 410 SH SOLE 0 0 410
BANK HAWAII CORP COM 062540109 7 140 SH SOLE 0 0 140
BANK MONTREAL QUE COM 063671101 12 225 SH SOLE 0 0 225
BANK NEW YORK INC COM 064057102 471 14,638 SH SOLE 0 0 14,638
BANK OF AMERICA CORPORATION COM 060505104 2,179 45,299 SH SOLE 0 0 45,299
BARCLAYS PLC ADR 06738E204 42 916 SH SOLE 0 0 916
BARD C R INC COM 067383109 92 1,253 SH SOLE 0 0 1,253
BARNES & NOBLE INC COM 067774109 5 135 SH SOLE 0 0 135
BARR PHARMACEUTICALS INC COM 068306109 35 725 SH SOLE 0 0 725
BARRICK GOLD CORP COM 067901108 72 2,432 SH SOLE 0 0 2,432
BAUSCH & LOMB INC COM 071707103 677 13,800 SH SOLE 0 0 13,800
BAXTER INTL INC COM 071813109 1,117 30,380 SH SOLE 0 0 30,380
BB&T CORP COM 054937107 141 3,385 SH SOLE 0 0 3,385
BCE INC COM 05534B109 7 285 SH SOLE 0 0 285
BE AEROSPACE INC COM 073302101 9 400 SH SOLE 0 0 400
BEA SYS INC COM 073325102 104 7,939 SH SOLE 0 0 7,939
BEAR STEARNS COS INC COM 073902108 46 325 SH SOLE 0 0 325
BEAZER HOMES USA INC COM 07556Q105 4 90 SH SOLE 0 0 90
BECKMAN COULTER INC COM 075811109 9 156 SH SOLE 0 0 156
BECTON DICKINSON & CO COM 075887109 11 182 SH SOLE 0 0 182
BED BATH & BEYOND INC COM 075896100 122 3,663 SH SOLE 0 0 3,663
BELLSOUTH CORP COM 079860102 142 3,918 SH SOLE 0 0 3,918
BELO CORP COM SER A 080555105 14 912 SH SOLE 0 0 912
BERKSHIRE HATHAWAY INC DEL CL B 084670207 5,009 1,646 SH SOLE 0 0 1,646
BEST BUY INC COM 086516101 2,296 41,874 SH SOLE 10,000 0 31,874
BG PLC ADR FIN INST N 055434203 25 379 SH SOLE 0 0 379
BHP BILLITON LTD SPONSORED ADR 088606108 129 3,000 SH SOLE 0 0 3,000
BIG 5 SPORTING GOODS CORP COM 08915P101 5 257 SH SOLE 257 0 0
BIOGEN IDEC INC COM 09062X103 10 210 SH SOLE 24 0 186
BIOMARIN PHARMACEUTICAL INC COM 09061G101 1 64 SH SOLE 64 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 2.500% 3/2 09061GAC5 143 130,000 PRN SOLE 130,000 0 0
BIOMET INC COM 090613100 57 1,808 SH SOLE 0 0 1,808
BJ SVCS CO COM 055482103 108 2,900 SH SOLE 1,700 0 1,200
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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BLACK & DECKER CORP COM 091797100 8 100 SH SOLE 0 0 100
BLACK HILLS CORP COM 092113109 33 959 SH SOLE 0 0 959
BLACKROCK DIVID ACHIEVRS TM COM 09250N107 261 20,350 SH SOLE 0 0 20,350
BLACKROCK ENHANCED DIV ACHV COM 09251A104 329 24,350 SH SOLE 0 0 24,350
BLACKROCK GLBL ENRGY & RES T COM 09250U101 242 9,135 SH SOLE 0 0 9,135
BLACKROCK GLOBAL FLG INC TR COM 091941104 412 21,743 SH SOLE 0 0 21,743
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 20 800 SH SOLE 0 0 800
BLACKROCK INCOME OPP TRUST I COM 092475102 25 2,500 SH SOLE 0 0 2,500
BLACKROCK INCOME TR INC COM 09247F100 2 250 SH SOLE 0 0 250
BLACKROCK MUNICIPAL BOND TR COM 09249H104 24 1,400 SH SOLE 0 0 1,400
BLACKROCK S&P QLTY RK EQ MD SHS BEN INT 09250D109 320 21,700 SH SOLE 0 0 21,700
BLACKROCK STRAT DIVD ACHIEVE COM 09249Y107 296 22,600 SH SOLE 0 0 22,600
BLACKROCK STRTGC BOND TR COM 09249G106 138 11,275 SH SOLE 0 0 11,275
BLDRS INDEX FDS TR ASIA 50 ADR 09348R102 8 92 SH SOLE 0 0 92
BLDRS INDEX FDS TR EMER MK 50 ADR 09348R300 214 1,715 SH SOLE 0 0 1,715
BLUE CHIP VALUE FD INC COM 095333100 9 1,600 SH SOLE 0 0 1,600
BOEING CO COM 097023105 264 3,222 SH SOLE 0 0 3,222
BOMBAY CO INC COM 097924104 7 3,000 SH SOLE 0 0 3,000
BOOKHAM INC COM 09856E105 283 84,325 SH SOLE 0 0 84,325
BORDERS GROUP INC COM 099709107 7 400 SH SOLE 0 0 400
BORLAND SOFTWARE CORP COM 099849101 3 574 SH SOLE 574 0 0
BOSTON PRIVATE FINL HLDGS IN COM 101119105 6 200 SH SOLE 0 0 200
BOSTON SCIENTIFIC CORP COM 101137107 955 56,739 SH SOLE 0 0 56,739
BOULDER GROWTH & INCOME FD I COM 101507101 78 10,000 SH SOLE 0 0 10,000
BOULDER TOTAL RETURN FD INC COM 101541100 133 7,400 SH SOLE 0 0 7,400
BOYD GAMING CORP COM 103304101 38 930 SH SOLE 0 0 930
BP PLC SPONSORED ADR 055622104 857 12,307 SH SOLE 0 0 12,307
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 24 300 SH SOLE 0 0 300
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 13 414 SH SOLE 0 0 414
BRIGHAM EXPLORATION CO COM 109178103 4 500 SH SOLE 0 0 500
BRISTOL MYERS SQUIBB CO COM 110122108 919 35,526 SH SOLE 0 0 35,526
BROADBAND HOLDRS TR DEPOSITRY RCPT 11130P104 5 300 SH SOLE 0 0 300
BROADCOM CORP CL A 111320107 9 300 SH SOLE 0 0 300
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 6 150 SH SOLE 0 0 150
BROOKS AUTOMATION INC COM 114340102 6 500 SH SOLE 0 0 500
BROWN & BROWN INC COM 115236101 23 800 SH SOLE 0 0 800
BROWN FORMAN CORP CL B 115637209 2 25 SH SOLE 0 0 25
BT GROUP PLC ADR 05577E101 11 238 SH SOLE 0 0 238
BUNGE LIMITED COM G16962105 45 900 SH SOLE 0 0 900
BURLINGTON NORTHN SANTA FE C COM 12189T104 528 6,667 SH SOLE 0 0 6,667
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 178 3,340 SH SOLE 0 0 3,340
CA INC COM 12673P105 44 2,138 SH SOLE 0 0 2,138
CABELAS INC COM 126804301 15 800 SH SOLE 0 0 800
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 1 55 SH SOLE 0 0 55
CABOT MICROELECTRONICS CORP COM 12709P103 6 200 SH SOLE 0 0 200
CACHE INC COM NEW 127150308 2 125 SH SOLE 125 0 0
CADBURY SCHWEPPES PLC ADR 127209302 1 16 SH SOLE 0 0 16
CADENCE DESIGN SYSTEM INC COM 127387108 1 68 SH SOLE 0 0 68
CALAMOS ASSET MGMT INC CL A 12811R104 3 100 SH SOLE 0 0 100
CALAMOS CONV & HIGH INCOME F COM SHS 12811P108 161 10,094 SH SOLE 0 0 10,094
CALAMOS GLOBAL TOTAL RETURN COM SH BEN INT 128118106 82 5,600 SH SOLE 0 0 5,600
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 154 11,015 SH SOLE 0 0 11,015
CAMBRIDGE DISPLAY TECH INC COM 132193103 16 2,020 SH SOLE 0 0 2,020
CAMDEN PPTY TR SH BEN INT 133131102 116 1,573 SH SOLE 0 0 1,573
CAMECO CORP COM 13321L108 189 4,740 SH SOLE 0 0 4,740
CAMERON INTERNATIONAL CORP COM 13342B105 1 22 SH SOLE 0 0 22
CAMPBELL SOUP CO COM 134429109 446 12,031 SH SOLE 0 0 12,031
CANADA SOUTHN PETE LTD COM 135231108 190 16,000 SH SOLE 0 0 16,000
CANADIAN NAT RES LTD COM 136385101 478 8,633 SH SOLE 0 0 8,633
CANADIAN NATL RY CO COM 136375102 2 40 SH SOLE 0 0 40
CANADIAN PAC RY LTD COM 13645T100 12 240 SH SOLE 0 0 240
CANON INC ADR 138006309 20 267 SH SOLE 0 0 267
CANTEL MEDICAL CORP COM 138098108 9 600 SH SOLE 0 0 600
CAPITAL & INCM STRTGS FD INC COM 13971Y103 141 8,100 SH SOLE 0 0 8,100
CAPITAL CITY BK GROUP INC COM 139674105 7 240 SH SOLE 0 0 240
CAPITAL ONE FINL CORP COM 14040H105 63 732 SH SOLE 0 0 732
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--------------------------------------------------------------------------------------------------------------------------------
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CITIGROUP INC COM 172967101 5,357 111,026 SH SOLE 0 0 111,026
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--------------------------------------------------------------------------------------------------------------------------------
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COMCAST CORP NEW CL A SPL 20030N200 48 1,479 SH SOLE 0 0 1,479
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COMMERCE BANCORP INC NJ COM 200519106 3 96 SH SOLE 0 0 96
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CROWN HOLDINGS INC COM 228368106 2 100 SH SOLE 0 0 100
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--------------------------------------------------------------------------------------------------------------------------------
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CYPRESS SEMICONDUCTOR CORP COM 232806109 463 31,851 SH SOLE 8,000 0 23,851
CYPRESS SEMICONDUCTOR CORP NOTE 1.250% 6/1 232806AH2 17 15,000 PRN SOLE 15,000 0 0
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DEERE & CO COM 244199105 273 3,269 SH SOLE 0 0 3,269
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DISCOVERY HOLDING CO CL A COM 25468Y107 3 229 SH SOLE 0 0 229
DISNEY WALT CO COM DISNEY 254687106 3,889 129,637 SH SOLE 0 0 129,637
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--------------------------------------------------------------------------------------------------------------------------------
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--------------------------------------------------------------------------------------------------------------------------------
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ELECTRONIC DATA SYS NEW COM 285661104 113 4,689 SH SOLE 0 0 4,689
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EMAGEON INC COM 29076V109 1 100 SH SOLE 100 0 0
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EV3 INC COM 26928A200 28 1,902 SH SOLE 0 0 1,902
EVERGREEN MANAGED INCOME FD COM SHS 30024Y104 64 3,950 SH SOLE 0 0 3,950
EVERGREEN SOLAR INC COM 30033R108 11 837 SH SOLE 0 0 837
EXACT SCIENCES CORP COM 30063P105 1 288 SH SOLE 288 0 0
EXCEL TECHNOLOGY INC COM 30067T103 9 290 SH SOLE 0 0 290
EXELON CORP COM 30161N101 87 1,534 SH SOLE 0 0 1,534
EXPEDITORS INTL WASH INC COM 302130109 5,317 94,923 SH SOLE 0 0 94,923
EXPRESS SCRIPTS INC COM 302182100 119 1,655 SH SOLE 0 0 1,655
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FAIRFAX FINL HLDGS LTD SUB VTG 303901102 238 2,500 SH SOLE 0 0 2,500
FAMILY DLR STORES INC COM 307000109 260 10,644 SH SOLE 0 0 10,644
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
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--------------------------------------------------------------------------------------------------------------------------------
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FEI CO COM 30241L109 2 100 SH SOLE 0 0 100
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FINANCIAL FED CORP COM 317492106 795 28,584 SH SOLE 0 0 28,584
FIRST AMERN CORP CALIF COM 318522307 16 383 SH SOLE 0 0 383
FIRST AMERN MINN MUN INC FD COM 31849P104 141 10,595 SH SOLE 0 0 10,595
FIRST CASH FINL SVCS INC COM 31942D107 4 200 SH SOLE 0 0 200
FIRST CTZNS BANCSHARES INC N CL A 31946M103 114 571 SH SOLE 0 0 571
FIRST DATA CORP COM 319963104 2,015 44,736 SH SOLE 0 0 44,736
FIRST HORIZON NATL CORP COM 320517105 87 2,155 SH SOLE 0 0 2,155
FIRST MARBLEHEAD CORP COM 320771108 5 90 SH SOLE 0 0 90
FIRST NIAGARA FINL GP INC COM 33582V108 9 630 SH SOLE 0 0 630
FIRST TR FIDCRY ASST MNGT CO COM 337318109 111 6,450 SH SOLE 0 0 6,450
FIRST TR FOUR CRNRS SR FLT R COM SHS 33733Q107 18 1,000 SH SOLE 0 0 1,000
FIRST TR VAL LINE & IBBTSN E COM 33735H105 267 13,350 SH SOLE 0 0 13,350
FIRST TR VALUE LINE 100 FD COM SHS 33735D104 176 11,477 SH SOLE 0 0 11,477
FIRST TR VALUE LINE DIV FD COM SHS 33735A100 427 28,360 SH SOLE 0 0 28,360
FIRST TR/FOUR CRNRS SR FLOAT COM 33733U108 1,178 65,998 SH SOLE 0 0 65,998
FIRST TRUST FIDAC MTG INCM F COM SHS 33734E103 83 5,150 SH SOLE 0 0 5,150
FIRSTENERGY CORP COM 337932107 12 225 SH SOLE 0 0 225
FISERV INC COM 337738108 68 1,499 SH SOLE 0 0 1,499
FISHER SCIENTIFIC INTL INC COM NEW 338032204 19 260 SH SOLE 0 0 260
FLAGSTAR BANCORP INC COM 337930101 3 200 SH SOLE 0 0 200
FLEXTRONICS INTL LTD ORD Y2573F102 5 500 SH SOLE 0 0 500
FLOATING RATE INCM STRT FD I COM 339735102 331 18,860 SH SOLE 0 0 18,860
FLUOR CORP NEW COM 343412102 70 750 SH SOLE 0 0 750
FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 8 300 SH SOLE 0 0 300
FORD MTR CO DEL COM PAR $0.01 345370860 48 6,857 SH SOLE 0 0 6,857
FORDING CDN COAL TR TR UNIT 345425102 58 1,820 SH SOLE 0 0 1,820
FOREST CITY ENTERPRISES INC CL A 345550107 22 435 SH SOLE 0 0 435
FOREST LABS INC COM 345838106 69 1,786 SH SOLE 0 0 1,786
FOREST OIL CORP COM PAR $0.01 346091705 40 1,200 SH SOLE 0 0 1,200
FORTUNE BRANDS INC COM 349631101 146 2,063 SH SOLE 0 0 2,063
FOSTER WHEELER LTD SHS NEW G36535139 63 1,450 SH SOLE 0 0 1,450
FOUNDATION COAL HLDGS INC COM 35039W100 16 350 SH SOLE 0 0 350
FOUNDRY NETWORKS INC COM 35063R100 16 1,500 SH SOLE 0 0 1,500
FOXHOLLOW TECHNOLOGIES INC COM 35166A103 2 65 SH SOLE 0 0 65
FPL GROUP INC COM 302571104 216 5,210 SH SOLE 0 0 5,210
FRANCE TELECOM SPONSORED ADR 35177Q105 1 24 SH SOLE 0 0 24
FRANKLIN RES INC COM 354613101 8 89 SH SOLE 0 0 89
FRANKLIN TEMPLETON LTD DUR I COM 35472T101 69 5,600 SH SOLE 0 0 5,600
FREEPORT-MCMORAN COPPER & GO CL B 35671D857 62 1,113 SH SOLE 0 0 1,113
FREESCALE SEMICONDUCTOR INC CL B 35687M206 2 66 SH SOLE 0 0 66
FREESCALE SEMICONDUCTOR INC COM CL A 35687M107 165 5,680 SH SOLE 0 0 5,680
FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 122 11,100 SH SOLE 0 0 11,100
FRIEDMAN INDS INC COM 358435105 6 700 SH SOLE 0 0 700
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
--------------------------------------------------------------------------------------------------------------------------------
NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
FRONTIER OIL CORP COM 35914P105 25 780 SH SOLE 0 0 780
FROZEN FOOD EXPRESS INDS INC COM 359360104 11 1,000 SH SOLE 0 0 1,000
FSI INTL INC COM 302633102 128 18,521 SH SOLE 0 0 18,521
FTD GROUP INC COM 30267U108 23 1,700 SH SOLE 0 0 1,700
FULTON FINL CORP PA COM 360271100 7 420 SH SOLE 0 0 420
GABELLI DIVD & INCOME TR COM 36242H104 102 5,510 SH SOLE 0 0 5,510
GABELLI GLB GLD NAT RES & IN COM SHS BN INT 36244N109 98 4,400 SH SOLE 0 0 4,400
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 9 500 SH SOLE 0 0 500
GABELLI UTIL TR COM 36240A101 3 361 SH SOLE 0 0 361
GAIAM INC CL A 36268Q103 1 56 SH SOLE 0 0 56
GALLAGHER ARTHUR J & CO COM 363576109 118 4,650 SH SOLE 0 0 4,650
GANDER MOUNTAIN CO COM 36471P108 2 305 SH SOLE 5 0 300
GANNETT INC COM 364730101 41 731 SH SOLE 0 0 731
GAP INC DEL COM 364760108 28 1,585 SH SOLE 0 0 1,585
GARDNER DENVER INC COM 365558105 177 4,600 SH SOLE 0 0 4,600
GARMIN LTD ORD G37260109 36 345 SH SOLE 0 0 345
GASCO ENERGY INC COM 367220100 1,086 250,255 SH SOLE 0 0 250,255
GATEWAY INC COM 367626108 4 2,360 SH SOLE 0 0 2,360
GATX CORP COM 361448103 5 120 SH SOLE 0 0 120
GEMSTAR-TV GUIDE INTL INC COM 36866W106 3 950 SH SOLE 0 0 950
GENENTECH INC COM NEW 368710406 1,094 13,373 SH SOLE 7,000 0 6,373
GENENTECH INC COM NEW 368710406 1,636 20,000 SH PUT SOLE 20,000 0 0
GENERAL DYNAMICS CORP COM 369550108 3 52 SH SOLE 0 0 52
GENERAL ELECTRIC CO COM 369604103 6,035 183,095 SH SOLE 0 0 183,095
GENERAL GROWTH PPTYS INC COM 370021107 180 3,985 SH SOLE 0 0 3,985
GENERAL MLS INC COM 370334104 493 9,550 SH SOLE 0 0 9,550
GENERAL MTRS CORP COM 370442105 205 6,875 SH SOLE 0 0 6,875
GENESCO INC COM 371532102 10 310 SH SOLE 0 0 310
GENESEE & WYO INC CL A 371559105 21 600 SH SOLE 0 0 600
GENLYTE GROUP INC COM 372302109 2 25 SH SOLE 0 0 25
GEN-PROBE INC NEW COM 36866T103 14 262 SH SOLE 224 0 38
GENTEX CORP COM 371901109 1,925 137,488 SH SOLE 0 0 137,488
GENUINE PARTS CO COM 372460105 23 550 SH SOLE 0 0 550
GENWORTH FINL INC COM CL A 37247D106 11 319 SH SOLE 0 0 319
GENZYME CORP COM 372917104 1,469 24,056 SH SOLE 21,600 0 2,456
GEVITY HR INC COM 374393106 14 518 SH SOLE 518 0 0
GFI GROUP INC COM 361652209 287 5,323 SH SOLE 0 0 5,323
GILEAD SCIENCES INC COM 375558103 892 15,071 SH SOLE 0 0 15,071
GLACIER BANCORP INC NEW COM 37637Q105 62 2,130 SH SOLE 0 0 2,130
GLAMIS GOLD LTD COM 376775102 60 1,583 SH SOLE 0 0 1,583
GLATFELTER COM 377316104 2 150 SH SOLE 0 0 150
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 13 225 SH SOLE 0 0 225
GLOBALSANTAFE CORP SHS G3930E101 276 4,776 SH SOLE 4,325 0 451
GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 99 2,800 SH SOLE 0 0 2,800
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 92 4,010 SH SOLE 0 0 4,010
GOLDCORP INC NEW COM 380956409 451 14,910 SH SOLE 0 0 14,910
GOLDEN STAR RES LTD CDA COM 38119T104 6 2,000 SH SOLE 0 0 2,000
GOLDEN WEST FINL CORP DEL COM 381317106 25 337 SH SOLE 0 0 337
GOLDMAN SACHS GROUP INC COM 38141G104 1,619 10,764 SH SOLE 0 0 10,764
GOLF GALAXY INC COM 381639103 42 3,131 SH SOLE 3,131 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 165 14,865 SH SOLE 0 0 14,865
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
GOOGLE INC CL A 38259P508 220 525 SH SOLE 0 0 525
GRACO INC COM 384109104 30 650 SH SOLE 0 0 650
GRAINGER W W INC COM 384802104 26 342 SH SOLE 0 0 342
GRANT PRIDECO INC COM 38821G101 108 2,405 SH SOLE 0 0 2,405
GREAT NORTHN IRON ORE PPTYS CTFS BEN INT 391064102 33 300 SH SOLE 0 0 300
GREAT PLAINS ENERGY INC COM 391164100 106 3,800 SH SOLE 0 0 3,800
GREEN MTN COFFEE ROASTERS IN COM 393122106 1 29 SH SOLE 0 0 29
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 9 270 SH SOLE 0 0 270
GUITAR CTR MGMT INC COM 402040109 16 364 SH SOLE 175 0 189
GYMBOREE CORP COM 403777105 5 150 SH SOLE 0 0 150
H & E EQUIPMENT SERVICES INC COM 404030108 6 200 SH SOLE 0 0 200
H & Q HEALTHCARE FD SH BEN INT 404052102 7 425 SH SOLE 0 0 425
HAEMONETICS CORP COM 405024100 2 45 SH SOLE 0 0 45
HAIN CELESTIAL GROUP INC COM 405217100 10 400 SH SOLE 0 0 400
HALLIBURTON CO COM 406216101 1,024 13,800 SH SOLE 0 0 13,800
HANCOCK JOHN FINL TRENDS FD COM 41014X105 21 1,200 SH SOLE 0 0 1,200
HANCOCK JOHN PATRIOT SELCT D COM 41013U102 250 20,704 SH SOLE 0 0 20,704
HANCOCK JOHN PFD INCOME FD I COM 41013X106 9 400 SH SOLE 0 0 400
HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 101 5,850 SH SOLE 0 0 5,850
HANOVER COMPRESSOR CO COM 410768105 2 105 SH SOLE 0 0 105
HANOVER INS GROUP INC COM 410867105 9 180 SH SOLE 0 0 180
HANSEN NAT CORP COM 411310105 147 773 SH SOLE 0 0 773
HARBOR FLA BANCSHARES INC COM 411901101 18 490 SH SOLE 0 0 490
HARLAND JOHN H CO COM 412693103 19 444 SH SOLE 0 0 444
HARLEY DAVIDSON INC COM 412822108 502 9,150 SH SOLE 0 0 9,150
HARRAHS ENTMT INC COM 413619107 209 2,937 SH SOLE 0 0 2,937
HARTE-HANKS INC COM 416196103 11 411 SH SOLE 0 0 411
HARTFORD FINL SVCS GROUP INC COM 416515104 71 838 SH SOLE 0 0 838
HARVEST ENERGY TR TRUST UNIT 41752X101 18 619 SH SOLE 0 0 619
HCA INC COM 404119109 22 520 SH SOLE 0 0 520
HDFC BANK LTD ADR REPS 3 SHS 40415F101 5 100 SH SOLE 0 0 100
HEADWATERS INC COM 42210P102 99 3,862 SH SOLE 0 0 3,862
HEALTH CARE PPTY INVS INC COM 421915109 61 2,276 SH SOLE 0 0 2,276
HEALTH CARE REIT INC COM 42217K106 10 282 SH SOLE 0 0 282
HEALTH MGMT ASSOC INC NEW CL A 421933102 55 2,768 SH SOLE 0 0 2,768
HEALTHEXTRAS INC COM 422211102 3 88 SH SOLE 0 0 88
HEALTHTRONICS INC COM 42222L107 46 6,025 SH SOLE 0 0 6,025
HEALTHWAYS INC COM 422245100 5 100 SH SOLE 0 0 100
HEARST-ARGYLE TELEVISION INC COM 422317107 8 350 SH SOLE 0 0 350
HECTOR COMMUNICATIONS CORP COM 422730101 24 674 SH SOLE 0 0 674
HEINZ H J CO COM 423074103 18 435 SH SOLE 0 0 435
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 107 2,660 SH SOLE 0 0 2,660
HENRY JACK & ASSOC INC COM 426281101 6 300 SH SOLE 0 0 300
HERBALIFE LTD COM USD SHS G4412G101 1 30 SH SOLE 0 0 30
HERSHEY CO COM 427866108 1,300 23,600 SH SOLE 0 0 23,600
HEWLETT PACKARD CO COM 428236103 369 11,645 SH SOLE 0 0 11,645
HICKORY TECH CORP COM 429060106 56 8,000 SH SOLE 0 0 8,000
HILTON HOTELS CORP COM 432848109 56 1,963 SH SOLE 0 0 1,963
HITTITE MICROWAVE CORP COM 43365Y104 26 723 SH SOLE 303 0 420
HOKU SCIENTIFIC INC COM 434712105 23 7,457 SH SOLE 0 0 7,457
HOME DEPOT INC COM 437076102 1,627 45,462 SH SOLE 0 0 45,462
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
HONDA MOTOR LTD AMERN SHS 438128308 3 109 SH SOLE 0 0 109
HONEYWELL INTL INC COM 438516106 1,890 46,894 SH SOLE 0 0 46,894
HORMEL FOODS CORP COM 440452100 88 2,381 SH SOLE 0 0 2,381
HOSPIRA INC COM 441060100 19 453 SH SOLE 0 0 453
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 13 300 SH SOLE 0 0 300
HOUSEVALUES INC COM 44183Y102 1 100 SH SOLE 100 0 0
HRPT PPTYS TR COM SH BEN INT 40426W101 198 17,145 SH SOLE 0 0 17,145
HSBC HLDGS PLC SPON ADR NEW 404280406 42 481 SH SOLE 0 0 481
HSBC HLDGS PLC ADR A 1/40PF A 404280604 74 3,200 SH SOLE 0 0 3,200
HUB GROUP INC CL A 443320106 29 1,200 SH SOLE 0 0 1,200
HUGOTON RTY TR TEX UNIT BEN INT 444717102 42 1,401 SH SOLE 0 0 1,401
HUMANA INC COM 444859102 10 190 SH SOLE 0 0 190
HUNT J B TRANS SVCS INC COM 445658107 15 600 SH SOLE 0 0 600
HUNTSMAN CORP COM 447011107 23 1,320 SH SOLE 0 0 1,320
HURCO COMPANIES INC COM 447324104 39 1,500 SH SOLE 0 0 1,500
HUTCHINSON TECHNOLOGY INC COM 448407106 134 6,200 SH SOLE 6,200 0 0
HUTCHINSON TECHNOLOGY INC COM 448407106 649 30,000 SH PUT SOLE 30,000 0 0
HUTCHINSON TECHNOLOGY INC NOTE 3.250% 1/1 448407AF3 439 500,000 PRN SOLE 500,000 0 0
HUTTIG BLDG PRODS INC COM 448451104 1 100 SH SOLE 0 0 100
HYDRIL COM 448774109 16 200 SH SOLE 0 0 200
HYDROGENICS CORP COM 448882100 1 600 SH SOLE 0 0 600
HYPERION TOTAL RETURN & INCO COM 449145101 50 5,800 SH SOLE 0 0 5,800
ICOS CORP COM 449295104 23 1,059 SH SOLE 168 0 891
IDACORP INC COM 451107106 1 16 SH SOLE 0 0 16
IDENIX PHARMACEUTICALS INC COM 45166R204 2 176 SH SOLE 176 0 0
IDENTIX INC COM 451906101 61 8,711 SH SOLE 0 0 8,711
IDT CORP CL B 448947309 1 100 SH SOLE 0 0 100
IKON OFFICE SOLUTIONS INC COM 451713101 1 80 SH SOLE 0 0 80
ILLINOIS TOOL WKS INC COM 452308109 48 1,010 SH SOLE 0 0 1,010
IMCLONE SYS INC COM 45245W109 4 100 SH SOLE 0 0 100
IMMUCOR INC COM 452526106 122 6,339 SH SOLE 0 0 6,339
IMPAC MTG HLDGS INC COM 45254P102 11 1,000 SH SOLE 0 0 1,000
IMPERIAL OIL LTD COM NEW 453038408 11 300 SH SOLE 0 0 300
IMPERIAL TOBACCO GROUP PLC SPONSORED ADR 453142101 3 50 SH SOLE 0 0 50
INDIA FD INC COM 454089103 69 1,485 SH SOLE 0 0 1,485
INDYMAC BANCORP INC COM 456607100 27 590 SH SOLE 0 0 590
INFORMATICA CORP COM 45666Q102 1 100 SH SOLE 0 0 100
INFOUSA INC NEW COM 456818301 1,526 148,050 SH SOLE 0 0 148,050
ING CLARION GLB RE EST INCM COM 44982G104 262 14,685 SH SOLE 0 0 14,685
ING GLBL ADV & PREM OPP FUND COM 44982N109 101 5,400 SH SOLE 0 0 5,400
ING GLOBAL EQTY DIV & PREM O COM 45684E107 18 950 SH SOLE 0 0 950
ING GROEP N V SPONSORED ADR 456837103 4 93 SH SOLE 0 0 93
ING PRIME RATE TR SH BEN INT 44977W106 50 7,100 SH SOLE 0 0 7,100
INGERSOLL-RAND COMPANY LTD CL A G4776G101 1,241 28,999 SH SOLE 0 0 28,999
INGRAM MICRO INC CL A 457153104 9 500 SH SOLE 0 0 500
INNODATA ISOGEN INC COM NEW 457642205 3 1,000 SH SOLE 0 0 1,000
INNOSPEC INC COM 45768S105 19 750 SH SOLE 0 0 750
INSITUFORM TECHNOLOGIES INC CL A 457667103 1 40 SH SOLE 0 0 40
INSURED MUN INCOME FD COM 45809F104 39 3,100 SH SOLE 0 0 3,100
INTEGRATED SILICON SOLUTION COM 45812P107 6 1,000 SH SOLE 0 0 1,000
INTEL CORP COM 458140100 1,376 72,420 SH SOLE 0 0 72,420
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
INTEL CORP SDCV 2.950%12/1 458140AD2 210 250,000 PRN SOLE 250,000 0 0
INTER TEL INC COM 458372109 2 100 SH SOLE 0 0 100
INTERMAGNETICS GEN CORP COM 458771102 2 72 SH SOLE 0 0 72
INTERMUNE INC COM 45884X103 1 60 SH SOLE 60 0 0
INTERNAP NETWORK SVCS CORP COM 45885A102 520 495,450 SH SOLE 0 0 495,450
INTERNATIONAL BANCSHARES COR COM 459044103 1 42 SH SOLE 0 0 42
INTERNATIONAL BUSINESS MACHS COM 459200101 888 11,555 SH SOLE 0 0 11,555
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 23 652 SH SOLE 0 0 652
INTERNATIONAL GAME TECHNOLOG COM 459902102 117 3,093 SH SOLE 0 0 3,093
INTERNATIONAL RECTIFIER CORP COM 460254105 14 350 SH SOLE 0 0 350
INTERNATIONAL SECS EXCH INC CL A 46031W204 152 4,000 SH SOLE 4,000 0 0
INTERNET HOLDRS TR DEPOSIT RCPT 46059W102 389 7,300 SH SOLE 0 0 7,300
INTERNET SEC SYS INC COM 46060X107 8 420 SH SOLE 0 0 420
INTERPUBLIC GROUP COS INC COM 460690100 3 300 SH SOLE 0 0 300
INTERSIL CORP CL A 46069S109 2 82 SH SOLE 0 0 82
INTL PAPER CO COM 460146103 469 14,517 SH SOLE 0 0 14,517
INTUIT COM 461202103 9 143 SH SOLE 0 0 143
INTUITIVE SURGICAL INC COM NEW 46120E602 872 7,584 SH SOLE 0 0 7,584
INVERNESS MED INNOVATIONS IN COM 46126P106 3 100 SH SOLE 0 0 100
INVESTORS FINL SERVICES CORP COM 461915100 31 700 SH SOLE 0 0 700
INVESTORS REAL ESTATE TR SH BEN INT 461730103 228 25,250 SH SOLE 0 0 25,250
INVITROGEN CORP COM 46185R100 289 4,372 SH SOLE 33 0 4,339
IPSCO INC COM 462622101 53 550 SH SOLE 0 0 550
IRON MTN INC COM 462846106 5 139 SH SOLE 0 0 139
ISHARES COMEX GOLD TR ISHARES 464285105 12 200 SH SOLE 0 0 200
ISHARES INC MSCI HONG KONG 464286871 6 449 SH SOLE 0 0 449
ISHARES INC MSCI TAIWAN 464286731 6 502 SH SOLE 0 0 502
ISHARES INC MSCI MEXICO 464286822 29 780 SH SOLE 0 0 780
ISHARES INC MSCI S KOREA 464286772 49 1,090 SH SOLE 0 0 1,090
ISHARES INC MSCI AUSTRALIA 464286103 33 1,600 SH SOLE 0 0 1,600
ISHARES INC MSCI BRAZIL 464286400 100 2,545 SH SOLE 0 0 2,545
ISHARES INC MSCI AUSTRIA 464286202 98 3,167 SH SOLE 0 0 3,167
ISHARES INC MSCI SWEDEN 464286756 90 3,544 SH SOLE 0 0 3,544
ISHARES INC MSCI EMU INDEX 464286608 406 4,611 SH SOLE 0 0 4,611
ISHARES INC MSCI CDA INDEX 464286509 113 4,750 SH SOLE 0 0 4,750
ISHARES INC MSCI SWITZERLD 464286749 277 13,000 SH SOLE 0 0 13,000
ISHARES INC MSCI JAPAN 464286848 1,198 87,836 SH SOLE 0 0 87,836
ISHARES SILVER TRUST ISHARES 46428Q109 9 82 SH SOLE 0 0 82
ISHARES TR RUSSELL 3000 464287689 4 50 SH SOLE 0 0 50
ISHARES TR S&P/TOPIX 150 464287382 24 200 SH SOLE 0 0 200
ISHARES TR SMLL CORE INDX 464288505 16 209 SH SOLE 0 0 209
ISHARES TR RUSL 3000 GROW 464287671 13 320 SH SOLE 0 0 320
ISHARES TR S&P GLB100INDX 464287572 27 405 SH SOLE 0 0 405
ISHARES TR S&P GBL TELCM 464287275 25 480 SH SOLE 0 0 480
ISHARES TR S&P GBL INF 464287291 26 513 SH SOLE 0 0 513
ISHARES TR RSSL MCRCP IDX 464288869 30 550 SH SOLE 0 0 550
ISHARES TR RUSL 3000 VALU 464287663 57 600 SH SOLE 0 0 600
ISHARES TR S&P LTN AM 40 464287390 110 802 SH SOLE 0 0 802
ISHARES TR S&P EURO PLUS 464287861 82 893 SH SOLE 0 0 893
ISHARES TR DJ US FINL SEC 464287788 126 1,214 SH SOLE 0 0 1,214
ISHARES TR GLDM SACHS TEC 464287549 55 1,229 SH SOLE 0 0 1,229
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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ISHARES TR LEHMAN AGG BND 464287226 179 1,840 SH SOLE 0 0 1,840
ISHARES TR S&P GBL ENER 464287341 202 1,905 SH SOLE 0 0 1,905
ISHARES TR RUSSELL MCP VL 464287473 259 1,956 SH SOLE 0 0 1,956
ISHARES TR RUSSELL MCP GR 464287481 194 2,024 SH SOLE 0 0 2,024
ISHARES TR RUSSELL MIDCAP 464287499 223 2,435 SH SOLE 0 0 2,435
ISHARES TR S&P GBL HLTHCR 464287325 141 2,661 SH SOLE 0 0 2,661
ISHARES TR GLMN SCHS SOFT 464287515 111 2,932 SH SOLE 0 0 2,932
ISHARES TR GLDM SCHS NETW 464287531 126 4,195 SH SOLE 0 0 4,195
ISHARES TR RUSL 2000 GROW 464287648 354 4,818 SH SOLE 0 0 4,818
ISHARES TR COHEN&ST RLTY 464287564 476 5,681 SH SOLE 0 0 5,681
ISHARES TR DJ US UTILS 464287697 523 6,613 SH SOLE 0 0 6,613
ISHARES TR RUSSELL 1000 464287622 462 6,691 SH SOLE 0 0 6,691
ISHARES TR DJ US REAL EST 464287739 485 6,811 SH SOLE 0 0 6,811
ISHARES TR S&P 500 INDEX 464287200 967 7,584 SH SOLE 0 0 7,584
ISHARES TR MSCI GRW IDX 464288885 548 8,871 SH SOLE 0 0 8,871
ISHARES TR S&P SMLCP GROW 464287887 1,099 8,966 SH SOLE 0 0 8,966
ISHARES TR RUSL 2000 VALU 464287630 710 9,816 SH SOLE 0 0 9,816
ISHARES TR 7-10 YR TRS BD 464287440 861 10,715 SH SOLE 0 0 10,715
ISHARES TR FTSE XNHUA IDX 464287184 924 12,034 SH SOLE 0 0 12,034
ISHARES TR DJ US BAS MATL 464287838 691 12,357 SH SOLE 0 0 12,357
ISHARES TR DJ US FINL SVC 464287770 1,466 12,389 SH SOLE 0 0 12,389
ISHARES TR 20+ YR TRS BD 464287432 1,105 13,104 SH SOLE 0 0 13,104
ISHARES TR TRANSP AVE IDX 464287192 1,163 13,133 SH SOLE 0 0 13,133
ISHARES TR GS NAT RES IDX 464287374 1,310 13,169 SH SOLE 0 0 13,169
ISHARES TR DJ US ENERGY 464287796 1,477 15,333 SH SOLE 0 0 15,333
ISHARES TR DJ US TECH SEC 464287721 818 17,235 SH SOLE 0 0 17,235
ISHARES TR S&P SMLCP VALU 464287879 1,206 17,369 SH SOLE 0 0 17,369
ISHARES TR S&P MIDCAP 400 464287507 1,422 18,607 SH SOLE 0 0 18,607
ISHARES TR DJ OIL EQUIP 464288844 931 19,420 SH SOLE 0 0 19,420
ISHARES TR S&P SMLCAP 600 464287804 1,353 21,793 SH SOLE 0 0 21,793
ISHARES TR RUSSELL 2000 464287655 1,638 22,833 SH SOLE 0 0 22,833
ISHARES TR GLDM SCHS SEMI 464287523 1,414 24,405 SH SOLE 0 0 24,405
ISHARES TR US TIPS BD FD 464287176 2,536 25,469 SH SOLE 0 0 25,469
ISHARES TR DJ US TELECOMM 464287713 665 25,914 SH SOLE 0 0 25,914
ISHARES TR MSCI EMERG MKT 464287234 2,467 26,270 SH SOLE 0 0 26,270
ISHARES TR GS CORP BD FD 464287242 2,723 26,317 SH SOLE 0 0 26,317
ISHARES TR DJ US INDUSTRL 464287754 1,666 26,829 SH SOLE 0 0 26,829
ISHARES TR CONS SRVC IDX 464287580 1,733 28,569 SH SOLE 0 0 28,569
ISHARES TR CONS GOODS IDX 464287812 1,724 32,251 SH SOLE 0 0 32,251
ISHARES TR DJ BROKER-DEAL 464288794 1,472 32,360 SH SOLE 0 0 32,360
ISHARES TR DJ SEL DIV INX 464287168 2,098 33,269 SH SOLE 0 0 33,269
ISHARES TR RUSSELL1000VAL 464287598 2,643 36,142 SH SOLE 0 0 36,142
ISHARES TR DJ US HEALTHCR 464287762 2,289 37,868 SH SOLE 0 0 37,868
ISHARES TR 1-3 YR TRS BD 464287457 3,035 38,088 SH SOLE 0 0 38,088
ISHARES TR S&P MC 400 GRW 464287606 3,101 40,417 SH SOLE 0 0 40,417
ISHARES TR S&P MIDCP VALU 464287705 3,122 41,885 SH SOLE 0 0 41,885
ISHARES TR NASDQ BIO INDX 464287556 3,738 51,410 SH SOLE 0 0 51,410
ISHARES TR RUSSELL1000GRW 464287614 2,873 56,797 SH SOLE 0 0 56,797
ISHARES TR S&P 500 VALUE 464287408 5,266 76,637 SH SOLE 0 0 76,637
ISHARES TR S&P500 GRW 464287309 5,361 91,799 SH SOLE 0 0 91,799
ISHARES TR MSCI EAFE IDX 464287465 9,106 139,263 SH SOLE 0 0 139,263
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
ISIS PHARMACEUTICALS INC COM 464330109 25 4,185 SH SOLE 0 0 4,185
ITRON INC COM 465741106 8 142 SH SOLE 0 0 142
ITT INDS INC IND COM 450911102 40 800 SH SOLE 0 0 800
ITURAN LOCATION AND CONTROL SHS M6158M104 4 300 SH SOLE 0 0 300
JABIL CIRCUIT INC COM 466313103 23 900 SH SOLE 0 0 900
JACOBS ENGR GROUP INC DEL COM 469814107 41 510 SH SOLE 0 0 510
JANUS CAP GROUP INC COM 47102X105 300 16,742 SH SOLE 0 0 16,742
JDS UNIPHASE CORP COM 46612J101 349 138,001 SH SOLE 123,500 0 14,501
JEFFERIES GROUP INC NEW COM 472319102 1 24 SH SOLE 0 0 24
JLG INDS INC COM 466210101 10,203 453,460 SH SOLE 0 0 453,460
JOHNSON & JOHNSON COM 478160104 2,502 41,761 SH SOLE 0 0 41,761
JOHNSON CTLS INC COM 478366107 55 666 SH SOLE 0 0 666
JONES APPAREL GROUP INC COM 480074103 8 260 SH SOLE 0 0 260
JOY GLOBAL INC COM 481165108 172 3,305 SH SOLE 0 0 3,305
JP MORGAN CHASE & CO COM 46625H100 4,628 110,188 SH SOLE 0 0 110,188
JUNIPER NETWORKS INC COM 48203R104 30 1,886 SH SOLE 0 0 1,886
JUNIPER NETWORKS INC NOTE 6/1 48203RAC8 401 402,000 PRN SOLE 402,000 0 0
JUPITERMEDIA CORP COM 48207D101 19 1,485 SH SOLE 1,485 0 0
KAYDON CORP COM 486587108 4 110 SH SOLE 0 0 110
KAYDON CORP NOTE 4.000% 5/2 486587AB4 3,328 2,500,000 PRN SOLE 2,500,000 0 0
KELLOGG CO COM 487836108 37 755 SH SOLE 0 0 755
KERR MCGEE CORP COM 492386107 72 1,044 SH SOLE 0 0 1,044
KEYCORP NEW COM 493267108 29 818 SH SOLE 0 0 818
KEYSPAN CORP COM 49337W100 71 1,765 SH SOLE 0 0 1,765
KIMBERLY CLARK CORP COM 494368103 212 3,439 SH SOLE 0 0 3,439
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 146 3,175 SH SOLE 0 0 3,175
KINDER MORGAN INC KANS COM 49455P101 1 11 SH SOLE 0 0 11
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 5 122 SH SOLE 0 0 122
KINETIC CONCEPTS INC COM NEW 49460W208 6 131 SH SOLE 0 0 131
KING PHARMACEUTICALS INC COM 495582108 39 2,300 SH SOLE 0 0 2,300
KINROSS GOLD CORP COM NO PAR 496902404 789 72,440 SH SOLE 0 0 72,440
KIRKLANDS INC COM 497498105 5 1,000 SH SOLE 0 0 1,000
KLA-TENCOR CORP COM 482480100 25 600 SH SOLE 0 0 600
KOHLS CORP COM 500255104 624 10,550 SH SOLE 0 0 10,550
KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 29 919 SH SOLE 0 0 919
KOREA ELECTRIC PWR SPONSORED ADR 500631106 2 100 SH SOLE 0 0 100
KOREA FD COM 500634100 13 350 SH SOLE 0 0 350
KORN FERRY INTL COM NEW 500643200 17 869 SH SOLE 0 0 869
KOS PHARMACEUTICALS INC COM 500648100 44 1,162 SH SOLE 1,162 0 0
KRAFT FOODS INC CL A 50075N104 39 1,260 SH SOLE 0 0 1,260
KROGER CO COM 501044101 4 200 SH SOLE 0 0 200
KRONOS INC COM 501052104 652 18,006 SH SOLE 0 0 18,006
K-SWISS INC CL A 482686102 3 100 SH SOLE 0 0 100
KYOCERA CORP ADR 501556203 1 16 SH SOLE 0 0 16
L-3 COMMUNICATIONS HLDGS INC COM 502424104 217 2,883 SH SOLE 0 0 2,883
LABORATORY CORP AMER HLDGS COM NEW 50540R409 2 35 SH SOLE 0 0 35
LAM RESEARCH CORP COM 512807108 19 400 SH SOLE 0 0 400
LAN AIRLINES S A SPONSORED ADR 501723100 4 130 SH SOLE 0 0 130
LANDAUER INC COM 51476K103 77 1,600 SH SOLE 0 0 1,600
LANDSTAR SYS INC COM 515098101 57 1,200 SH SOLE 0 0 1,200
LAS VEGAS SANDS CORP COM 517834107 5 60 SH SOLE 0 0 60
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
LAUREATE EDUCATION INC COM 518613104 383 8,976 SH SOLE 500 0 8,476
LAYNE CHRISTENSEN CO COM 521050104 5 160 SH SOLE 0 0 160
LAZARD GLB TTL RET&INCM FD I COM 52106W103 25 1,280 SH SOLE 0 0 1,280
LCA-VISION INC COM PAR $.001 501803308 7 130 SH SOLE 0 0 130
LEAR CORP COM 521865105 1 24 SH SOLE 0 0 24
LEE ENTERPRISES INC COM 523768109 2 64 SH SOLE 0 0 64
LEGG MASON INC COM 524901105 6 62 SH SOLE 0 0 62
LEGGETT & PLATT INC COM 524660107 24 945 SH SOLE 0 0 945
LEHMAN BROS HLDGS INC COM 524908100 93 1,432 SH SOLE 0 0 1,432
LENNAR CORP CL A 526057104 1 33 SH SOLE 0 0 33
LENNOX INTL INC COM 526107107 13 500 SH SOLE 0 0 500
LEUCADIA NATL CORP COM 527288104 9 314 SH SOLE 0 0 314
LEVEL 3 COMMUNICATIONS INC NOTE 6.000% 3/1 52729NAS9 17 20,000 PRN SOLE 0 0 20,000
LEVEL 3 COMMUNICATIONS INC COM 52729N100 1,037 233,455 SH SOLE 0 0 233,455
LEXMARK INTL NEW CL A 529771107 1,620 29,023 SH SOLE 0 0 29,023
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 13 1,744 SH SOLE 0 0 1,744
LIBERTY ALL-STAR GROWTH FD I COM 529900102 10 2,028 SH SOLE 0 0 2,028
LIBERTY GLOBAL INC COM SER A 530555101 1 38 SH SOLE 0 0 38
LIBERTY GLOBAL INC COM SER C 530555309 1 38 SH SOLE 0 0 38
LIBERTY MEDIA HLDG CORP CAP COM SER A 53071M302 63 748 SH SOLE 0 0 748
LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 65 3,784 SH SOLE 0 0 3,784
LIFECELL CORP COM 531927101 9 300 SH SOLE 0 0 300
LIFECORE BIOMEDICAL INC COM 532187101 16 1,000 SH SOLE 0 0 1,000
LIGAND PHARMACEUTICALS INC CL B 53220K207 4 430 SH SOLE 430 0 0
LIHIR GOLD LTD SPONSORED ADR 532349107 17 390 SH SOLE 0 0 390
LILLY ELI & CO COM 532457108 702 12,708 SH SOLE 0 0 12,708
LIMITED BRANDS INC COM 532716107 210 8,190 SH SOLE 0 0 8,190
LINCARE HLDGS INC COM 532791100 4 100 SH SOLE 0 0 100
LINCOLN ELEC HLDGS INC COM 533900106 63 1,000 SH SOLE 0 0 1,000
LINCOLN NATL CORP IND COM 534187109 91 1,616 SH SOLE 0 0 1,616
LINEAR TECHNOLOGY CORP COM 535678106 1,450 43,310 SH SOLE 0 0 43,310
LINKTONE LTD ADR 535925101 143 24,000 SH SOLE 23,900 0 100
LIONBRIDGE TECHNOLOGIES INC COM 536252109 7 1,300 SH SOLE 500 0 800
LIVE NATION INC COM 538034109 1 32 SH SOLE 0 0 32
LIZ CLAIBORNE INC COM 539320101 110 2,975 SH SOLE 0 0 2,975
LKQ CORP COM 501889208 897 47,200 SH SOLE 0 0 47,200
LLOYDS TSB GROUP PLC SPONSORED ADR 539439109 4 94 SH SOLE 0 0 94
LOCKHEED MARTIN CORP COM 539830109 101 1,404 SH SOLE 0 0 1,404
LODGIAN INC COM PAR $.01 54021P403 2,233 156,670 SH SOLE 0 0 156,670
LOEWS CORP COM 540424108 10 279 SH SOLE 0 0 279
LONE STAR STEAKHOUSE SALOON COM 542307103 10 400 SH SOLE 0 0 400
LONE STAR TECHNOLOGIES INC COM 542312103 70 1,303 SH SOLE 0 0 1,303
LOWES COS INC COM 548661107 211 3,485 SH SOLE 0 0 3,485
LSI LOGIC CORP COM 502161102 74 8,240 SH SOLE 2,400 0 5,840
LUCENT TECHNOLOGIES INC COM 549463107 134 55,510 SH SOLE 0 0 55,510
LUFKIN INDS INC COM 549764108 29 480 SH SOLE 0 0 480
LYONDELL CHEMICAL CO COM 552078107 27 1,200 SH SOLE 0 0 1,200
M & T BK CORP COM 55261F104 3 25 SH SOLE 0 0 25
M SYS FLASH DISK PIONEERS LT ORD M7061C100 9 300 SH SOLE 0 0 300
MACERICH CO COM 554382101 1 12 SH SOLE 0 0 12
MACQUARIE FT TR GB INF UT DI COM 55607W100 125 6,020 SH SOLE 0 0 6,020
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 85 3,775 SH SOLE 0 0 3,775
MADISON CLAYMORE CVRD CALL F COM 556582104 173 12,778 SH SOLE 0 0 12,778
MADISON STRTG SECTOR PREM FD COM 558268108 109 5,790 SH SOLE 0 0 5,790
MAGELLAN HEALTH SVCS INC COM NEW 559079207 20 444 SH SOLE 0 0 444
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 27 800 SH SOLE 0 0 800
MAGNA INTL INC CL A 559222401 1 9 SH SOLE 0 0 9
MANITOWOC INC COM 563571108 149 3,354 SH SOLE 0 0 3,354
MANNATECH INC COM 563771104 4 300 SH SOLE 0 0 300
MANNKIND CORP COM 56400P201 3 143 SH SOLE 143 0 0
MARATHON OIL CORP COM 565849106 75 900 SH SOLE 0 0 900
MARINER ENERGY INC COM 56845T305 18 969 SH SOLE 0 0 969
MARKEL CORP COM 570535104 10 30 SH SOLE 0 0 30
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 51 1,225 SH SOLE 0 0 1,225
MARRIOTT INTL INC NEW CL A 571903202 822 21,566 SH SOLE 0 0 21,566
MARSH & MCLENNAN COS INC COM 571748102 37 1,384 SH SOLE 0 0 1,384
MARSHALL & ILSLEY CORP COM 571834100 60 1,310 SH SOLE 0 0 1,310
MARTEK BIOSCIENCES CORP COM 572901106 3 108 SH SOLE 0 0 108
MARTEN TRANS LTD COM 573075108 11 500 SH SOLE 0 0 500
MARTHA STEWART LIVING OMNIME CL A 573083102 3 150 SH SOLE 0 0 150
MARVEL ENTERTAINMENT INC COM 57383T103 21 1,041 SH SOLE 0 0 1,041
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 278 6,270 SH SOLE 0 0 6,270
MASSEY ENERGY CORP COM 576206106 285 7,925 SH SOLE 0 0 7,925
MATSUSHITA ELEC INDL ADR 576879209 1 30 SH SOLE 0 0 30
MATTEL INC COM 577081102 18 1,078 SH SOLE 0 0 1,078
MATTSON TECHNOLOGY INC COM 577223100 8 797 SH SOLE 797 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 6 177 SH SOLE 0 0 177
MCAFEE INC COM 579064106 14 563 SH SOLE 0 0 563
MCCLATCHY CO CL A 579489105 14 350 SH SOLE 0 0 350
MCCORMICK & CO INC COM NON VTG 579780206 116 3,451 SH SOLE 0 0 3,451
MCDATA CORP CL A 580031201 61 14,868 SH SOLE 0 0 14,868
MCDONALDS CORP COM 580135101 1,208 35,961 SH SOLE 0 0 35,961
MCG CAPITAL CORP COM 58047P107 363 22,823 SH SOLE 708 0 22,115
MCGRAW HILL COS INC COM 580645109 66 1,311 SH SOLE 0 0 1,311
MDU RES GROUP INC COM 552690109 175 4,775 SH SOLE 0 0 4,775
MEADWESTVACO CORP COM 583334107 99 3,540 SH SOLE 0 0 3,540
MEDAREX INC COM 583916101 3 350 SH SOLE 0 0 350
MEDCO HEALTH SOLUTIONS INC COM 58405U102 150 2,625 SH SOLE 1,725 0 900
MEDIA GEN INC CL A 584404107 11 261 SH SOLE 0 0 261
MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 1 50 SH SOLE 0 0 50
MEDIMMUNE INC COM 584699102 1 50 SH SOLE 0 0 50
MEDTRONIC INC COM 585055106 3,785 80,672 SH SOLE 0 0 80,672
MEMC ELECTR MATLS INC COM 552715104 18 490 SH SOLE 0 0 490
MENTOR CORP MINN COM 587188103 48 1,100 SH SOLE 0 0 1,100
MERCANTILE BANKSHARES CORP COM 587405101 19 525 SH SOLE 0 0 525
MERCK & CO INC COM 589331107 1,099 30,154 SH SOLE 3,000 0 27,154
MERCURY GENL CORP NEW COM 589400100 2 27 SH SOLE 0 0 27
MERIDIAN BIOSCIENCE INC COM 589584101 30 1,200 SH SOLE 0 0 1,200
MERIT MED SYS INC COM 589889104 151 11,000 SH SOLE 0 0 11,000
MERRILL LYNCH & CO INC COM 590188108 863 12,400 SH SOLE 0 0 12,400
MESABI TR CTF BEN INT 590672101 4 220 SH SOLE 0 0 220
METLIFE INC COM 59156R108 100 1,953 SH SOLE 0 0 1,953
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
METTLER TOLEDO INTERNATIONAL COM 592688105 15 245 SH SOLE 0 0 245
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 13 2,100 SH SOLE 0 0 2,100
MFS INTER INCOME TR SH BEN INT 55273C107 9 1,500 SH SOLE 0 0 1,500
MGI PHARMA INC COM 552880106 51 2,350 SH SOLE 0 0 2,350
MGI PHARMA INC NOTE 1.682% 3/0 552880AB2 335 500,000 PRN SOLE 500,000 0 0
MGIC INVT CORP WIS COM 552848103 9 145 SH SOLE 0 0 145
MGM MIRAGE COM 552953101 56 1,365 SH SOLE 0 0 1,365
MICREL INC COM 594793101 2 175 SH SOLE 0 0 175
MICROCHIP TECHNOLOGY INC COM 595017104 7 200 SH SOLE 0 0 200
MICRON TECHNOLOGY INC COM 595112103 30 1,994 SH SOLE 0 0 1,994
MICROSOFT CORP COM 594918104 3,109 133,428 SH SOLE 0 0 133,428
MICROSTRATEGY INC CL A NEW 594972408 39 400 SH SOLE 0 0 400
MID-AMER APT CMNTYS INC COM 59522J103 11 200 SH SOLE 0 0 200
MIDCAP SPDR TR UNIT SER 1 595635103 1,399 10,055 SH SOLE 0 0 10,055
MIDWEST AIR GROUP INC COM 597911106 4 800 SH SOLE 0 0 800
MILLENNIUM CELL INC COM 60038B105 1 500 SH SOLE 0 0 500
MILLER HERMAN INC COM 600544100 1,955 75,860 SH SOLE 0 0 75,860
MINDSPEED TECHNOLOGIES INC COM 602682106 12 5,065 SH SOLE 0 0 5,065
MINNESOTA MUN INCOME PTFL IN COM 604062109 53 3,500 SH SOLE 0 0 3,500
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 1 41 SH SOLE 0 0 41
MITTAL STEEL CO N V NY REG SH CL A 60684P101 397 13,000 SH SOLE 0 0 13,000
MKS INSTRUMENT INC COM 55306N104 8 383 SH SOLE 0 0 383
MOHAWK INDS INC COM 608190104 1 20 SH SOLE 0 0 20
MOLEX INC COM 608554101 48 1,431 SH SOLE 0 0 1,431
MONARCH CASINO & RESORT INC COM 609027107 21 740 SH SOLE 0 0 740
MONEYGRAM INTL INC COM 60935Y109 385 11,346 SH SOLE 0 0 11,346
MONOGRAM BIOSCIENCES INC COM 60975U108 2 977 SH SOLE 0 0 977
MONSANTO CO NEW COM 61166W101 40 475 SH SOLE 0 0 475
MONTGOMERY STR INCOME SECS I COM 614115103 7 400 SH SOLE 0 0 400
MOODYS CORP COM 615369105 768 14,094 SH SOLE 0 0 14,094
MORGAN STANLEY GOVT INCOME TR 61745P106 43 5,000 SH SOLE 0 0 5,000
MORGAN STANLEY COM NEW 617446448 597 9,443 SH SOLE 0 0 9,443
MORGAN STANLEY ASIA PAC FD I COM 61744U106 19 1,200 SH SOLE 0 0 1,200
MORGAN STANLEY EMER MKTS DEB COM 61744H105 15 1,660 SH SOLE 0 0 1,660
MORGAN STANLEY INDIA INVS FD COM 61745C105 118 2,699 SH SOLE 0 0 2,699
MOSAIC CO COM 61945A107 543 34,700 SH SOLE 0 0 34,700
MOTOROLA INC COM 620076109 1,202 59,643 SH SOLE 0 0 59,643
MTS SYS CORP COM 553777103 750 18,973 SH SOLE 0 0 18,973
MUELLER INDS INC COM 624756102 26 800 SH SOLE 0 0 800
MUNIHOLDINGS CALIF INSD FD I COM 625933106 243 17,427 SH SOLE 0 0 17,427
MURPHY OIL CORP COM 626717102 7 120 SH SOLE 0 0 120
MWI VETERINARY SUPPLY INC COM 55402X105 1 19 SH SOLE 19 0 0
MYLAN LABS INC COM 628530107 113 5,637 SH SOLE 0 0 5,637
MYOGEN INC COM 62856E104 5 174 SH SOLE 174 0 0
MYRIAD GENETICS INC COM 62855J104 10 400 SH SOLE 0 0 400
NABI BIOPHARMACEUTICALS COM 629519109 1 200 SH SOLE 0 0 200
NABORS INDUSTRIES LTD SHS G6359F103 233 6,907 SH SOLE 1,500 0 5,407
NANOGEN INC COM 630075109 38 19,875 SH SOLE 0 0 19,875
NANOMETRICS INC COM 630077105 1 100 SH SOLE 0 0 100
NASDAQ 100 TR UNIT SER 1 631100104 533 13,747 SH SOLE 0 0 13,747
NASDAQ STOCK MARKET INC COM 631103108 3 100 SH SOLE 0 0 100
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
NASTECH PHARMACEUTICAL INC COM PAR $0.006 631728409 32 2,000 SH SOLE 0 0 2,000
NATIONAL AUSTRALIA BK LTD SPONSORED ADR 632525408 1 5 SH SOLE 0 0 5
NATIONAL CITY CORP COM 635405103 138 3,805 SH SOLE 0 0 3,805
NATIONAL INSTRS CORP COM 636518102 869 31,700 SH SOLE 0 0 31,700
NATIONAL OILWELL VARCO INC COM 637071101 38 595 SH SOLE 0 0 595
NATIONAL SEMICONDUCTOR CORP COM 637640103 468 19,639 SH SOLE 0 0 19,639
NATIONWIDE FINL SVCS INC CL A 638612101 1 25 SH SOLE 0 0 25
NATIONWIDE HEALTH PPTYS INC COM 638620104 7 300 SH SOLE 0 0 300
NBC CAP CORP COM 628729105 3 150 SH SOLE 0 0 150
NCO GROUP INC COM 628858102 13 500 SH SOLE 0 0 500
NCR CORP NEW COM 62886E108 291 7,930 SH SOLE 0 0 7,930
NEKTAR THERAPEUTICS COM 640268108 5 295 SH SOLE 225 0 70
NEOSE TECHNOLOGIES INC COM 640522108 20 5,000 SH SOLE 0 0 5,000
NESS TECHNOLOGIES INC COM 64104X108 6 594 SH SOLE 0 0 594
NETBANK INC COM 640933107 2 227 SH SOLE 0 0 227
NETEASE COM INC SPONSORED ADR 64110W102 33 1,500 SH SOLE 0 0 1,500
NETFLIX COM INC COM 64110L106 213 7,829 SH SOLE 0 0 7,829
NETWORK ENGINES INC COM 64121A107 2 1,000 SH SOLE 0 0 1,000
NEUBERGER BERMAN DIV ADVANT COM 64127J102 27 1,300 SH SOLE 0 0 1,300
NEUBERGER BERMAN RLTY INC FD COM 64126G109 31 1,533 SH SOLE 0 0 1,533
NEUROCRINE BIOSCIENCES INC COM 64125C109 1 85 SH SOLE 47 0 38
NEW CENTURY FINANCIAL CORP M COM 6435EV108 37 800 SH SOLE 0 0 800
NEW PLAN EXCEL RLTY TR INC COM 648053106 12 500 SH SOLE 0 0 500
NEW RIV PHARMACEUTICALS INC COM 648468205 10 336 SH SOLE 336 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 170 10,299 SH SOLE 0 0 10,299
NEW YORK TIMES CO CL A 650111107 10 404 SH SOLE 0 0 404
NEWELL RUBBERMAID INC COM 651229106 441 17,056 SH SOLE 0 0 17,056
NEWFIELD EXPL CO COM 651290108 5 100 SH SOLE 0 0 100
NEWMONT MINING CORP COM 651639106 780 14,745 SH SOLE 0 0 14,745
NEWPARK RES INC COM PAR $.01NEW 651718504 2 350 SH SOLE 0 0 350
NEWS CORP CL B 65248E203 31 1,550 SH SOLE 0 0 1,550
NEWS CORP CL A 65248E104 405 21,096 SH SOLE 0 0 21,096
NFJ DIVID INT & PREM STRTGY COM SHS 65337H109 376 16,735 SH SOLE 0 0 16,735
NIC INC COM 62914B100 14 1,900 SH SOLE 0 0 1,900
NICHOLAS APPLEGATE CV&INC FD COM 65370G109 30 2,000 SH SOLE 0 0 2,000
NICHOLAS-APPLEGATE CV & INC COM 65370F101 1,671 107,242 SH SOLE 0 0 107,242
NICHOLAS-APPLGT INTL & PRM S COM 65370C108 180 7,050 SH SOLE 0 0 7,050
NIGHTHAWK RADIOLOGY HLDGS IN COM 65411N105 16 874 SH SOLE 874 0 0
NII HLDGS INC CL B NEW 62913F201 4 75 SH SOLE 0 0 75
NIKE INC CL B 654106103 1,019 12,585 SH SOLE 0 0 12,585
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 1 27 SH SOLE 0 0 27
NISOURCE INC COM 65473P105 3 150 SH SOLE 0 0 150
NISSAN MOTORS SPONSORED ADR 654744408 1 30 SH SOLE 0 0 30
NOBLE CORPORATION SHS G65422100 4 50 SH SOLE 0 0 50
NOBLE ENERGY INC COM 655044105 202 4,301 SH SOLE 100 0 4,201
NOKIA CORP SPONSORED ADR 654902204 1,943 95,900 SH SOLE 0 0 95,900
NOMURA HLDGS INC SPONSORED ADR 65535H208 1 32 SH SOLE 0 0 32
NORDIC AMERICAN TANKER SHIPP COM G65773106 55 1,500 SH SOLE 0 0 1,500
NORDSTROM INC COM 655664100 41 1,117 SH SOLE 0 0 1,117
NORFOLK SOUTHERN CORP COM 655844108 333 6,260 SH SOLE 0 0 6,260
NORTEL NETWORKS CORP NEW COM 656568102 26 11,771 SH SOLE 8 0 11,763
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
NORTH EUROPEAN OIL RTY TR SH BEN INT 659310106 33 900 SH SOLE 0 0 900
NORTH FORK BANCORPORATION NY COM 659424105 4 133 SH SOLE 0 0 133
NORTHERN ORION RES INC COM 665575106 33 6,725 SH SOLE 0 0 6,725
NORTHERN TR CORP COM 665859104 63 1,143 SH SOLE 63 0 1,080
NORTHFIELD LABS INC COM 666135108 6 650 SH SOLE 0 0 650
NORTHROP GRUMMAN CORP COM 666807102 54 844 SH SOLE 0 0 844
NORTHWEST NAT GAS CO COM 667655104 8 225 SH SOLE 0 0 225
NORTHWESTERN CORP COM NEW 668074305 2 56 SH SOLE 0 0 56
NORTHWESTERN CORP *W EXP 99/99/999 668074115 1 109 SH SOLE 0 0 109
NOVA CHEMICALS CORP COM 66977W109 1 40 SH SOLE 0 0 40
NOVAGOLD RES INC COM NEW 66987E206 13 1,000 SH SOLE 0 0 1,000
NOVARTIS A G SPONSORED ADR 66987V109 65 1,200 SH SOLE 0 0 1,200
NOVASTAR FINL INC COM 669947400 6 200 SH SOLE 0 0 200
NOVELLUS SYS INC COM 670008101 15 626 SH SOLE 0 0 626
NTT DOCOMO INC SPONS ADR 62942M201 11 724 SH SOLE 0 0 724
NUCOR CORP COM 670346105 5,366 98,910 SH SOLE 0 0 98,910
NUVEEN EQTY PRM OPPORTUNITYF COM 6706EM102 36 1,980 SH SOLE 0 0 1,980
NUVEEN EQUITY PREM ADV FD COM 6706ET107 13 700 SH SOLE 0 0 700
NUVEEN FLA INVT QUALITY MUN COM 670970102 9 700 SH SOLE 0 0 700
NUVEEN FLA QUALITY INCOME MU COM 670978105 22 1,700 SH SOLE 0 0 1,700
NUVEEN FLOATING RATE INCOME COM 67072T108 1,116 85,438 SH SOLE 0 0 85,438
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 386 29,036 SH SOLE 0 0 29,036
NUVEEN INSD NEW YORK DIVID COM 67071N102 8 600 SH SOLE 0 0 600
NUVEEN INSD QUALITY MUN FD I COM 67062N103 14 1,000 SH SOLE 0 0 1,000
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 5 350 SH SOLE 0 0 350
NUVEEN PFD & CONV INC FD COM 67073B106 20 1,600 SH SOLE 0 0 1,600
NUVEEN PREM INCOME MUN FD COM 67062T100 9 700 SH SOLE 0 0 700
NUVEEN PREM INCOME MUN FD 2 COM 67063W102 9 667 SH SOLE 0 0 667
NUVEEN QUALITY PFD INCOME FD COM 67071S101 9 670 SH SOLE 0 0 670
NUVEEN QUALITY PFD INCOME FD COM 67072C105 37 2,700 SH SOLE 0 0 2,700
NUVEEN SR INCOME FD COM 67067Y104 199 24,668 SH SOLE 0 0 24,668
NUVEEN TX ADV TOTAL RET STRG COM 67090H102 34 1,500 SH SOLE 0 0 1,500
NUVELO INC COM NEW 67072M301 10 600 SH SOLE 0 0 600
NVIDIA CORP COM 67066G104 10 455 SH SOLE 255 0 200
NYSE GROUP INC COM 62949W103 3,797 55,440 SH SOLE 55,440 0 0
O2MICRO INTERNATIONAL LTD SPONS ADR 67107W100 11 1,404 SH SOLE 0 0 1,404
OCCIDENTAL PETE CORP DEL COM 674599105 546 5,328 SH SOLE 0 0 5,328
OCEANEERING INTL INC COM 675232102 41 900 SH SOLE 0 0 900
OFFICE DEPOT INC COM 676220106 19 500 SH SOLE 0 0 500
OGE ENERGY CORP COM 670837103 21 600 SH SOLE 0 0 600
OIL STS INTL INC COM 678026105 21 600 SH SOLE 0 0 600
OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 191 1,275 SH SOLE 75 0 1,200
OLD DOMINION FGHT LINES INC COM 679580100 4 100 SH SOLE 0 0 100
OLD MUTUAL CLAYMORE LNG SHT COM 68003N103 200 12,350 SH SOLE 0 0 12,350
OLIN CORP COM PAR $1 680665205 2 100 SH SOLE 0 0 100
OMI CORP NEW COM Y6476W104 32 1,500 SH SOLE 0 0 1,500
OMNICOM GROUP INC COM 681919106 41 465 SH SOLE 0 0 465
OMNIVISION TECHNOLOGIES INC COM 682128103 136 6,460 SH SOLE 0 0 6,460
ONEOK INC NEW COM 682680103 27 800 SH SOLE 0 0 800
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 64 1,300 SH SOLE 0 0 1,300
ONYX PHARMACEUTICALS INC COM 683399109 12 713 SH SOLE 563 0 150
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
--------------------------------------------------------------------------------------------------------------------------------
NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
OPENWAVE SYS INC COM NEW 683718308 50 4,370 SH SOLE 0 0 4,370
OPTIONSXPRESS HLDGS INC COM 684010101 10 430 SH SOLE 0 0 430
ORACLE CORP COM 68389X105 623 43,022 SH SOLE 0 0 43,022
ORASURE TECHNOLOGIES INC COM 68554V108 10 1,000 SH SOLE 0 0 1,000
ORBITAL SCIENCES CORP COM 685564106 833 51,600 SH SOLE 0 0 51,600
OREGON STL MLS INC COM 686079104 388 7,660 SH SOLE 0 0 7,660
OSI PHARMACEUTICALS INC COM 671040103 2 65 SH SOLE 0 0 65
OSI RESTAURANT PARTNERS INC COM 67104A101 6 185 SH SOLE 0 0 185
OTTER TAIL CORP COM 689648103 8 300 SH SOLE 0 0 300
OWENS & MINOR INC NEW COM 690732102 6 210 SH SOLE 0 0 210
OXFORD INDS INC COM 691497309 27 675 SH SOLE 0 0 675
OYO GEOSPACE CORP COM 671074102 46 800 SH SOLE 0 0 800
P F CHANGS CHINA BISTRO INC COM 69333Y108 4 100 SH SOLE 0 0 100
PACCAR INC COM 693718108 16 200 SH SOLE 0 0 200
PACIFIC CAP BANCORP NEW COM 69404P101 124 4,000 SH SOLE 0 0 4,000
PACIFIC ETHANOL INC COM 69423U107 68 2,950 SH SOLE 0 0 2,950
PACIFIC SUNWEAR CALIF INC COM 694873100 43 2,400 SH SOLE 100 0 2,300
PACTIV CORP COM 695257105 1 25 SH SOLE 0 0 25
PALL CORP COM 696429307 22 800 SH SOLE 0 0 800
PALM INC NEW COM 696643105 53 3,309 SH SOLE 2,159 0 1,150
PALOMAR MED TECHNOLOGIES INC COM NEW 697529303 9 200 SH SOLE 0 0 200
PAN AMERICAN SILVER CORP COM 697900108 52 2,900 SH SOLE 0 0 2,900
PANACOS PHARMACEUTICALS INC COM 69811Q106 6 1,000 SH SOLE 0 0 1,000
PANAMSAT HLDG CORP COM 69831Y105 2 100 SH SOLE 0 0 100
PANERA BREAD CO CL A 69840W108 13 200 SH SOLE 0 0 200
PARAMETRIC TECHNOLOGY CORP COM NEW 699173209 5 400 SH SOLE 0 0 400
PARKER HANNIFIN CORP COM 701094104 93 1,200 SH SOLE 0 0 1,200
PARLUX FRAGRANCES INC COM 701645103 21 2,175 SH SOLE 0 0 2,175
PATRIOT CAPITAL FUNDING INC COM 70335Y104 167 15,030 SH SOLE 0 0 15,030
PATTERSON COMPANIES INC COM 703395103 14 400 SH SOLE 0 0 400
PATTERSON UTI ENERGY INC COM 703481101 20 691 SH SOLE 0 0 691
PAXSON COMMUNICATIONS CORP COM 704231109 2 2,000 SH SOLE 0 0 2,000
PAYCHEX INC COM 704326107 185 4,741 SH SOLE 0 0 4,741
PEABODY ENERGY CORP COM 704549104 207 3,710 SH SOLE 0 0 3,710
PEARSON PLC SPONSORED ADR 705015105 3 228 SH SOLE 0 0 228
PEMSTAR INC COM 706552106 34 9,801 SH SOLE 101 0 9,700
PENGROWTH ENERGY TR TRUST UNIT A 706902301 88 3,650 SH SOLE 0 0 3,650
PENN NATL GAMING INC COM 707569109 16 420 SH SOLE 0 0 420
PENN VA RESOURCES PARTNERS L COM 707884102 81 3,000 SH SOLE 0 0 3,000
PENNEY J C INC COM 708160106 75 1,112 SH SOLE 0 0 1,112
PENNFED FINL SVCS INC COM 708167101 9 490 SH SOLE 0 0 490
PENTAIR INC COM 709631105 168 4,903 SH SOLE 0 0 4,903
PEOPLESUPPORT INC COM 712714302 16 1,200 SH SOLE 0 0 1,200
PEP BOYS MANNY MOE & JACK COM 713278109 4 350 SH SOLE 0 0 350
PEPCO HOLDINGS INC COM 713291102 28 1,200 SH SOLE 0 0 1,200
PEPSICO INC COM 713448108 940 15,657 SH SOLE 0 0 15,657
PEREGRINE PHARMACEUTICALS IN COM 713661106 1 800 SH SOLE 0 0 800
PERKINELMER INC COM 714046109 16 750 SH SOLE 0 0 750
PERRIGO CO COM 714290103 2 100 SH SOLE 100 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 315 2,914 SH SOLE 0 0 2,914
PETROFUND ENERGY TRUST TR UNIT 71648W108 88 3,525 SH SOLE 0 0 3,525
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
--------------------------------------------------------------------------------------------------------------------------------
NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 80 900 SH SOLE 900 0 0
PETROLEUM & RES CORP COM 716549100 51 1,500 SH SOLE 0 0 1,500
PETSMART INC COM 716768106 13 502 SH SOLE 0 0 502
PFIZER INC COM 717081103 2,277 97,002 SH SOLE 0 0 97,002
PG&E CORP COM 69331C108 77 1,964 SH SOLE 0 0 1,964
PHARMACEUTICAL HLDRS TR DEPOSITRY RCPT 71712A206 91 1,300 SH SOLE 0 0 1,300
PHARMACEUTICAL PROD DEV INC COM 717124101 93 2,650 SH SOLE 0 0 2,650
PHARMACEUTICAL RES INC NOTE 2.875% 9/3 717125AC2 8 10,000 PRN SOLE 0 0 10,000
PHELPS DODGE CORP COM 717265102 13 155 SH SOLE 0 0 155
PHILADELPHIA CONS HLDG CORP COM 717528103 2 52 SH SOLE 52 0 0
PHOENIX COS INC NEW COM 71902E109 1 95 SH SOLE 0 0 95
PHOENIX TECHNOLOGY LTD COM 719153108 6 1,200 SH SOLE 0 0 1,200
PIER 1 IMPORTS INC COM 720279108 12 1,675 SH SOLE 0 0 1,675
PIMCO CORPORATE INCOME FD COM 72200U100 6 400 SH SOLE 0 0 400
PIMCO CORPORATE OPP FD COM 72201B101 103 6,050 SH SOLE 0 0 6,050
PIMCO FLOATING RATE INCOME F COM 72201H108 22 1,086 SH SOLE 0 0 1,086
PIMCO FLOATING RATE STRTGY F COM 72201J104 492 25,933 SH SOLE 0 0 25,933
PIMCO HIGH INCOME FD COM SHS 722014107 1,909 127,102 SH SOLE 0 0 127,102
PIMCO MUN INCOME FD II COM 72200W106 72 4,935 SH SOLE 0 0 4,935
PIMCO STRATEGIC GBL GOV FD I COM 72200X104 11 1,000 SH SOLE 0 0 1,000
PINNACLE WEST CAP CORP COM 723484101 24 610 SH SOLE 0 0 610
PIONEER HIGH INCOME TR COM 72369H106 30 1,765 SH SOLE 0 0 1,765
PIONEER NAT RES CO COM 723787107 17 377 SH SOLE 0 0 377
PIONEER TAX ADVNTAGE BALANC COM 72388R101 47 3,800 SH SOLE 0 0 3,800
PITNEY BOWES INC COM 724479100 21 505 SH SOLE 0 0 505
PLATO LEARNING INC COM 72764Y100 349 56,106 SH SOLE 0 0 56,106
PLUM CREEK TIMBER CO INC COM 729251108 43 1,200 SH SOLE 0 0 1,200
PLX TECHNOLOGY INC COM 693417107 4 300 SH SOLE 0 0 300
PNC FINL SVCS GROUP INC COM 693475105 8 118 SH SOLE 0 0 118
POGO PRODUCING CO COM 730448107 10 217 SH SOLE 0 0 217
POLARIS INDS INC COM 731068102 325 7,509 SH SOLE 0 0 7,509
POPULAR INC COM 733174106 40 2,064 SH SOLE 0 0 2,064
PORTFOLIO RECOVERY ASSOCS IN COM 73640Q105 101 2,200 SH SOLE 0 0 2,200
PORTLAND GEN ELEC CO COM NEW 736508847 150 6,015 SH SOLE 0 0 6,015
POSCO SPONSORED ADR 693483109 767 11,470 SH SOLE 0 0 11,470
POWERSHARES ETF TRUST ZACKS SML PORT 73935X674 7 300 SH SOLE 0 0 300
POWERSHARES ETF TRUST LX NANOTCH PTF 73935X633 10 600 SH SOLE 0 0 600
POWERSHARES ETF TRUST HI GRW RT DIV 73935X724 34 2,150 SH SOLE 0 0 2,150
POWERSHARES ETF TRUST FTSE RAFI 1000 73935X583 118 2,290 SH SOLE 0 0 2,290
POWERSHARES ETF TRUST ZACKS MC PRTFL 73935X740 55 3,350 SH SOLE 0 0 3,350
POWERSHARES ETF TRUST DYN OIL SVCS 73935X625 106 5,100 SH SOLE 0 0 5,100
POWERSHARES ETF TRUST HI YLD EQ DVDN 73935X302 83 5,675 SH SOLE 0 0 5,675
POWERSHARES ETF TRUST WNDRHLL CLN EN 73935X500 121 6,350 SH SOLE 0 0 6,350
POWERSHARES ETF TRUST DYN EN EX PROD 73935X658 180 9,650 SH SOLE 0 0 9,650
POWERSHARES ETF TRUST VAL LINE TIME 73935X682 231 14,650 SH SOLE 0 0 14,650
POWERSHARES ETF TRUST DYNAMIC OTC PT 73935X203 1,058 21,356 SH SOLE 0 0 21,356
POWERSHARES ETF TRUST WATER RESOURCE 73935X575 382 22,911 SH SOLE 0 0 22,911
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 775 47,775 SH SOLE 0 0 47,775
POWERSHARES ETF TRUST DYNAMIC MKT PT 73935X104 3,079 66,054 SH SOLE 0 0 66,054
POWERSHARES ETF TRUST DYNM LRG CP VL 73935X708 1,478 86,505 SH SOLE 0 0 86,505
POWERSHARES ETF TRUST GOLDEN DRG USX 73935X401 1,466 91,435 SH SOLE 0 0 91,435
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
--------------------------------------------------------------------------------------------------------------------------------
NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
POWERSHARES ETF TRUST DYMN MC VAL 73935X880 1,602 94,275 SH SOLE 0 0 94,275
POWERSHARES ETF TRUST DYNM LRG CP GR 73935X609 1,538 99,395 SH SOLE 0 0 99,395
POWERSHARES ETF TRUST DYNM SM CP GRW 73935X872 1,805 107,440 SH SOLE 0 0 107,440
POWERSHARES ETF TRUST DYNM MC GRWTH 73935X807 2,126 117,218 SH SOLE 0 0 117,218
POWERSHARES ETF TRUST DYNM SM CP VAL 73935X864 1,924 117,735 SH SOLE 0 0 117,735
POWERWAVE TECHNOLOGIES INC COM 739363109 3 367 SH SOLE 0 0 367
POWERWAVE TECHNOLOGIES INC NOTE 1.875%11/1 739363AD1 4,964 4,762,000 PRN SOLE 4,762,000 0 0
PPG INDS INC COM 693506107 21 319 SH SOLE 0 0 319
PRAXAIR INC COM 74005P104 550 10,184 SH SOLE 0 0 10,184
PRECISION CASTPARTS CORP COM 740189105 33 550 SH SOLE 0 0 550
PRECISION DRILLING TR TR UNIT 740215108 118 3,558 SH SOLE 0 0 3,558
PRICE T ROWE GROUP INC COM 74144T108 1 28 SH SOLE 0 0 28
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 12 214 SH SOLE 0 0 214
PROCTER & GAMBLE CO COM 742718109 5,861 105,411 SH SOLE 0 0 105,411
PROGRESS ENERGY INC COM 743263105 801 18,676 SH SOLE 0 0 18,676
PROGRESSIVE CORP OHIO COM 743315103 24 920 SH SOLE 0 0 920
PROLOGIS SH BEN INT 743410102 5 100 SH SOLE 0 0 100
PROVIDENT ENERGY TR TR UNIT 74386K104 68 5,500 SH SOLE 0 0 5,500
PROVIDENT FINL SVCS INC COM 74386T105 9 490 SH SOLE 0 0 490
PRUDENTIAL FINL INC COM 744320102 6 75 SH SOLE 0 0 75
PSYCHEMEDICS CORP COM NEW 744375205 2 100 SH SOLE 0 0 100
PSYCHIATRIC SOLUTIONS INC COM 74439H108 10 360 SH SOLE 0 0 360
PUBLIC SVC ENTERPRISE GROUP COM 744573106 8 123 SH SOLE 0 0 123
PUGET ENERGY INC NEW COM 745310102 16 722 SH SOLE 0 0 722
PUTNAM MANAGED MUN INCOM TR COM 746823103 79 11,000 SH SOLE 0 0 11,000
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 35 5,862 SH SOLE 0 0 5,862
PYRAMID BREWERIES INC COM 747135101 1 500 SH SOLE 0 0 500
Q MED COM 747914109 10 2,250 SH SOLE 0 0 2,250
QLOGIC CORP COM 747277101 13 726 SH SOLE 0 0 726
QUALCOMM INC COM 747525103 1,732 43,213 SH SOLE 100 0 43,113
QUALITY SYS INC COM 747582104 550 14,950 SH SOLE 0 0 14,950
QUANEX CORP COM 747620102 6 135 SH SOLE 0 0 135
QUANTA SVCS INC COM 74762E102 10 600 SH SOLE 0 0 600
QUEST DIAGNOSTICS INC COM 74834L100 52 875 SH SOLE 0 0 875
QUESTAR CORP COM 748356102 40 495 SH SOLE 0 0 495
QUICKSILVER RESOURCES INC COM 74837R104 7 202 SH SOLE 0 0 202
QUIDEL CORP COM 74838J101 33 3,500 SH SOLE 0 0 3,500
QUIKSILVER INC COM 74838C106 12 1,000 SH SOLE 0 0 1,000
QUIXOTE CORP COM 749056107 2 100 SH SOLE 0 0 100
QWEST COMMUNICATIONS INTL IN COM 749121109 33 4,069 SH SOLE 0 0 4,069
R H DONNELLEY CORP COM NEW 74955W307 108 2,000 SH SOLE 2,000 0 0
RACKABLE SYS INC COM 750077109 4 100 SH SOLE 0 0 100
RADIAN GROUP INC COM 750236101 10 162 SH SOLE 0 0 162
RADIATION THERAPY SVCS INC COM 750323206 6 220 SH SOLE 0 0 220
RAIT INVT TR COM 749227104 373 12,770 SH SOLE 0 0 12,770
RAMBUS INC DEL COM 750917106 2 100 SH SOLE 0 0 100
RANGE RES CORP COM 75281A109 8 300 SH SOLE 0 0 300
RASER TECHNOLOGIES INC COM 754055101 19 2,000 SH SOLE 0 0 2,000
RAYMOND JAMES FINANCIAL INC COM 754730109 10 315 SH SOLE 0 0 315
RAYONIER INC COM 754907103 332 8,750 SH SOLE 0 0 8,750
RAYTHEON CO COM NEW 755111507 160 3,583 SH SOLE 0 0 3,583
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
--------------------------------------------------------------------------------------------------------------------------------
NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
READERS DIGEST ASSN INC COM 755267101 10 693 SH SOLE 0 0 693
REALNETWORKS INC COM 75605L104 5 500 SH SOLE 0 0 500
REALTY INCOME CORP COM 756109104 44 2,000 SH SOLE 0 0 2,000
REAVES UTIL INCOME FD COM SH BEN INT 756158101 33 1,700 SH SOLE 0 0 1,700
RED HAT INC COM 756577102 19 830 SH SOLE 0 0 830
RED ROBIN GOURMET BURGERS IN COM 75689M101 4 100 SH SOLE 0 0 100
REDBACK NETWORKS INC COM NEW 757209507 5 250 SH SOLE 0 0 250
REDWOOD TR INC COM 758075402 10 208 SH SOLE 0 0 208
REFAC OPTICAL GROUP COM 758960108 2 236 SH SOLE 0 0 236
REGENCY CTRS CORP COM 758849103 17 280 SH SOLE 0 0 280
REGIONS FINANCIAL CORP NEW COM 7591EP100 233 7,027 SH SOLE 0 0 7,027
REGIS CORP MINN COM 758932107 1,714 48,125 SH SOLE 0 0 48,125
RELIANT ENERGY INC COM 75952B105 152 12,679 SH SOLE 0 0 12,679
RENOVIS INC COM 759885106 16 1,037 SH SOLE 237 0 800
REPUBLIC AWYS HLDGS INC COM 760276105 71 4,200 SH SOLE 0 0 4,200
RESOURCE AMERICA INC CL A 761195205 5 240 SH SOLE 0 0 240
RESTORATION HARDWARE INC DEL COM 760981100 4 600 SH SOLE 0 0 600
RETAIL HOLDRS TR DEP RCPT 76127U101 4 39 SH SOLE 39 0 0
REYNOLDS AMERICAN INC COM 761713106 225 1,950 SH SOLE 0 0 1,950
RF MICRODEVICES INC COM 749941100 280 46,850 SH SOLE 45,900 0 950
RIGHTNOW TECHNOLOGIES INC COM 76657R106 2 125 SH SOLE 0 0 125
RIO TINTO PLC SPONSORED ADR 767204100 64 304 SH SOLE 0 0 304
RMR REAL ESTATE FD SH BEN INT 74963F106 22 1,500 SH SOLE 0 0 1,500
ROBERT HALF INTL INC COM 770323103 3 63 SH SOLE 0 0 63
ROCKY BRANDS INC COM 774515100 8 362 SH SOLE 362 0 0
ROGERS CORP COM 775133101 8,600 152,653 SH SOLE 0 0 152,653
ROHM & HAAS CO COM 775371107 14 273 SH SOLE 0 0 273
ROPER INDS INC NEW COM 776696106 1 29 SH SOLE 0 0 29
ROSS STORES INC COM 778296103 3 120 SH SOLE 0 0 120
ROWAN COS INC COM 779382100 14 406 SH SOLE 0 0 406
ROYAL BK CDA MONTREAL QUE COM 780087102 13 322 SH SOLE 0 0 322
ROYAL BK SCOTLAND GROUP PLC SPON ADR F 780097804 6 250 SH SOLE 0 0 250
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF M 780097796 17 700 SH SOLE 0 0 700
ROYAL BK SCOTLAND GROUP PLC ADR PFD SER P 780097762 35 1,500 SH SOLE 0 0 1,500
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 36 945 SH SOLE 0 0 945
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 19 266 SH SOLE 0 0 266
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 537 8,016 SH SOLE 0 0 8,016
ROYALE ENERGY INC COM NEW 78074G200 2 387 SH SOLE 0 0 387
RPM INTL INC COM 749685103 129 7,150 SH SOLE 0 0 7,150
RTI INTL METALS INC COM 74973W107 6 100 SH SOLE 0 0 100
RYDEX ETF TRUST S&P 500 EQ TRD 78355W106 1,508 35,153 SH SOLE 0 0 35,153
RYERSON INC COM 78375P107 7 250 SH SOLE 0 0 250
S&P 500 COVERED CALL FD INC COM 78381P109 25 1,500 SH SOLE 0 0 1,500
SAFEWAY INC COM NEW 786514208 134 5,136 SH SOLE 0 0 5,136
SALOMON BR GLBL PRTNRS INC F COM 794914101 224 20,209 SH SOLE 0 0 20,209
SALOMON BR INFLTN MNGNT FD I COM 79550V109 13 800 SH SOLE 0 0 800
SALOMON BROS CP & INCM FD IN COM 795500107 26 1,500 SH SOLE 0 0 1,500
SALOMON BROS HIGH INCOME FD COM 79547Q106 175 19,350 SH SOLE 0 0 19,350
SAMARITAN PHARMACEUTICALS COM 79586Q108 2 5,000 SH SOLE 0 0 5,000
SANDERSON FARMS INC COM 800013104 12 425 SH SOLE 0 0 425
SANDISK CORP COM 80004C101 143 2,800 SH SOLE 0 0 2,800
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
SANFILIPPO JOHN B & SON INC COM 800422107 1 50 SH SOLE 0 0 50
SANGAMO BIOSCIENCES INC COM 800677106 9 1,550 SH SOLE 0 0 1,550
SANMINA SCI CORP COM 800907107 17 3,666 SH SOLE 0 0 3,666
SANOFI AVENTIS SPONSORED ADR 80105N105 333 6,840 SH SOLE 0 0 6,840
SANTARUS INC COM 802817304 246 37,065 SH SOLE 0 0 37,065
SANYO ELEC LTD ADR 5 COM 803038306 5 500 SH SOLE 0 0 500
SAP AKTIENGESELLSCHAFT SPONSORED ADR 803054204 1 19 SH SOLE 0 0 19
SARA LEE CORP COM 803111103 1,882 117,452 SH SOLE 0 0 117,452
SASOL LTD SPONSORED ADR 803866300 45 1,160 SH SOLE 0 0 1,160
SATYAM COMPUTER SERVICES LTD ADR 804098101 7 204 SH SOLE 0 0 204
SCANA CORP NEW COM 80589M102 12 300 SH SOLE 0 0 300
SCHEIN HENRY INC COM 806407102 6 125 SH SOLE 0 0 125
SCHERING A G SPONSORED ADR 806585204 1 7 SH SOLE 0 0 7
SCHERING PLOUGH CORP COM 806605101 95 4,970 SH SOLE 0 0 4,970
SCHLUMBERGER LTD COM 806857108 214 3,287 SH SOLE 0 0 3,287
SCHNITZER STL INDS CL A 806882106 4 100 SH SOLE 0 0 100
SCHWAB CHARLES CORP NEW COM 808513105 58 3,650 SH SOLE 0 0 3,650
SCIENTIFIC GAMES CORP CL A 80874P109 11 300 SH SOLE 0 0 300
SCOTTISH PWR PLC SP ADR FNL NEW 81013T804 2 50 SH SOLE 0 0 50
SCRIPPS E W CO OHIO CL A 811054204 57 1,320 SH SOLE 0 0 1,320
SEALED AIR CORP NEW COM 81211K100 9 165 SH SOLE 0 0 165
SEARS HLDGS CORP COM 812350106 115 740 SH SOLE 0 0 740
SEI INVESTMENTS CO COM 784117103 6,175 126,332 SH SOLE 0 0 126,332
SELECT COMFORT CORP COM 81616X103 952 41,448 SH SOLE 316 0 41,132
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 6 178 SH SOLE 0 0 178
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 10 323 SH SOLE 0 0 323
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 58 1,800 SH SOLE 0 0 1,800
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 160 2,827 SH SOLE 0 0 2,827
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 139 4,605 SH SOLE 0 0 4,605
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 189 5,866 SH SOLE 0 0 5,866
SELECT SECTOR SPDR TR SBI INT-TECH 81369Y803 1,654 81,370 SH SOLE 0 0 81,370
SEMICONDUCTOR HLDRS TR DEP RCPT 816636203 773 23,475 SH SOLE 75 0 23,400
SEMPRA ENERGY COM 816851109 148 3,258 SH SOLE 0 0 3,258
SEPRACOR INC COM 817315104 1 17 SH SOLE 17 0 0
SEPRACOR INC NOTE 10/1 817315AW4 3,090 3,000,000 PRN SOLE 3,000,000 0 0
SEROLOGICALS CORP COM 817523103 6 200 SH SOLE 0 0 200
SERVICEMASTER CO COM 81760N109 356 34,476 SH SOLE 0 0 34,476
SERVICES ACQUISITION CORP IN COM 817628100 168 16,971 SH SOLE 0 0 16,971
SGX PHARMACEUTICALS INC COM 78423C108 2 371 SH SOLE 371 0 0
SHANDA INTERACTIVE ENTMT LTD SPONSORED ADR 81941Q203 1 100 SH SOLE 100 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 11 390 SH SOLE 0 0 390
SHERWIN WILLIAMS CO COM 824348106 41 857 SH SOLE 0 0 857
SHIRE PLC SPONSORED ADR 82481R106 6 145 SH SOLE 145 0 0
SHUFFLE MASTER INC COM 825549108 195 5,952 SH SOLE 0 0 5,952
SHURGARD STORAGE CTRS INC COM 82567D104 82 1,312 SH SOLE 0 0 1,312
SIEMENS A G SPONSORED ADR 826197501 132 1,525 SH SOLE 0 0 1,525
SIERRA HEALTH SVCS INC COM 826322109 37 820 SH SOLE 0 0 820
SIGMA ALDRICH CORP COM 826552101 12 171 SH SOLE 0 0 171
SIGMA DESIGNS INC COM 826565103 4 400 SH SOLE 0 0 400
SILVER STD RES INC COM 82823L106 131 6,550 SH SOLE 0 0 6,550
SILVER WHEATON CORP COM 828336107 7 750 SH SOLE 0 0 750
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------------------------------------------------------------------------------------------------------------
SIMON PPTY GROUP INC NEW PFD CONV I 6% 828806802 24 345 SH SOLE 0 0 345
SIMON PPTY GROUP INC NEW COM 828806109 61 739 SH SOLE 0 0 739
SIRIUS SATELLITE RADIO INC COM 82966U103 143 30,020 SH SOLE 0 0 30,020
SK TELECOM LTD SPONSORED ADR 78440P108 3 109 SH SOLE 0 0 109
SKILLSOFT PLC SPONSORED ADR 830928107 439 71,719 SH SOLE 0 0 71,719
SKYWORKS SOLUTIONS INC COM 83088M102 38 6,970 SH SOLE 0 0 6,970
SLM CORP COM 78442P106 842 15,917 SH SOLE 0 0 15,917
SMALL CAP PREM & DIV INCM FD COM 83165P101 252 14,650 SH SOLE 0 0 14,650
SMITHFIELD FOODS INC COM 832248108 1 35 SH SOLE 0 0 35
SMUCKER J M CO COM NEW 832696405 34 755 SH SOLE 0 0 755
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 4 40 SH SOLE 0 0 40
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SOLECTRON CORP COM 834182107 5 1,342 SH SOLE 0 0 1,342
SONIC CORP COM 835451105 16 775 SH SOLE 100 0 675
SONIC SOLUTIONS COM 835460106 30 1,800 SH SOLE 0 0 1,800
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SONY CORP ADR NEW 835699307 47 1,057 SH SOLE 0 0 1,057
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SOUTHERN COPPER CORP COM 84265V105 66 740 SH SOLE 0 0 740
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SPARTON CORP COM 847235108 2 210 SH SOLE 0 0 210
SPATIALIGHT INC COM 847248101 2 910 SH SOLE 0 0 910
SPDR TR UNIT SER 1 78462F103 5,576 43,824 SH SOLE 0 0 43,824
SPECTRANETICS CORP COM 84760C107 5 500 SH SOLE 0 0 500
SPRINT NEXTEL CORP COM FON 852061100 947 47,370 SH SOLE 0 0 47,370
SPSS INC COM 78462K102 6 200 SH SOLE 0 0 200
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ST JUDE MED INC COM 790849103 1,453 44,833 SH SOLE 0 0 44,833
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ST PAUL TRAVELERS INC COM 792860108 1,574 35,316 SH SOLE 0 0 35,316
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STANDARD MICROSYSTEMS CORP COM 853626109 12 570 SH SOLE 0 0 570
STANLEY WKS COM 854616109 374 7,919 SH SOLE 0 0 7,919
STAPLES INC COM 855030102 426 17,514 SH SOLE 70 0 17,444
STARBUCKS CORP COM 855244109 6,335 167,772 SH SOLE 95 0 167,677
STATE AUTO FINL CORP COM 855707105 9 271 SH SOLE 271 0 0
STATE STR CORP COM 857477103 633 10,902 SH SOLE 0 0 10,902
STATION CASINOS INC COM 857689103 30 440 SH SOLE 0 0 440
STATS CHIPPAC LTD SPONSORED ADR 85771T104 471 75,176 SH SOLE 0 0 75,176
STEAK N SHAKE CO COM 857873103 4 259 SH SOLE 0 0 259
STEEL DYNAMICS INC COM 858119100 164 2,500 SH SOLE 0 0 2,500
STEELCASE INC CL A 858155203 7 400 SH SOLE 0 0 400
STELLENT INC COM 85856W105 13 1,400 SH SOLE 0 0 1,400
STERICYCLE INC COM 858912108 4 56 SH SOLE 0 0 56
STERLING FINL CORP WASH COM 859319105 9 280 SH SOLE 0 0 280
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
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--------------------------------------------------------------------------------------------------------------------------------
STRATEGIC HOTELS & RESORTS I COM 86272T106 56 2,700 SH SOLE 0 0 2,700
STRATEX NETWORKS INC COM 86279T109 6 1,750 SH SOLE 0 0 1,750
STRAYER ED INC COM 863236105 19 200 SH SOLE 0 0 200
STREETTRACKS GOLD TR GOLD SHS 863307104 168 2,738 SH SOLE 0 0 2,738
STREETTRACKS SER TR DJ WLSH REIT 86330E604 152 1,995 SH SOLE 0 0 1,995
STRYKER CORP COM 863667101 2,060 48,914 SH SOLE 0 0 48,914
STUDENT LN CORP COM 863902102 6 30 SH SOLE 0 0 30
STURM RUGER & CO INC COM 864159108 38 6,000 SH SOLE 0 0 6,000
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 67 2,138 SH SOLE 0 0 2,138
SUEZ SPONSORED ADR 864686100 4 100 SH SOLE 0 0 100
SUFFOLK BANCORP COM 864739107 8 240 SH SOLE 0 0 240
SUN LIFE FINL INC COM 866796105 479 12,000 SH SOLE 0 0 12,000
SUN MICROSYSTEMS INC COM 866810104 97 23,420 SH SOLE 0 0 23,420
SUNAMERICA FCSED ALPHA GRW F COM 867037103 368 21,250 SH SOLE 0 0 21,250
SUNAMERICA FOCUSE ALPHA LC F COM 867038101 288 17,800 SH SOLE 0 0 17,800
SUNCOR ENERGY INC COM 867229106 18 225 SH SOLE 0 0 225
SUNOCO INC COM 86764P109 8 110 SH SOLE 0 0 110
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SUNPOWER CORP COM CL A 867652109 1 26 SH SOLE 0 0 26
SUNTECH PWR HLDGS CO LTD ADR 86800C104 1 26 SH SOLE 0 0 26
SUNTRUST BKS INC COM 867914103 1,785 23,408 SH SOLE 0 0 23,408
SUPERGEN INC COM 868059106 1 348 SH SOLE 348 0 0
SUPERIOR ENERGY SVCS INC COM 868157108 12 355 SH SOLE 0 0 355
SUPERVALU INC COM 868536103 679 22,116 SH SOLE 0 0 22,116
SURMODICS INC COM 868873100 73 2,025 SH SOLE 0 0 2,025
SWIFT TRANSN CO COM 870756103 35 1,100 SH SOLE 0 0 1,100
SWISSCOM AG SPONSORED ADR 871013108 1 18 SH SOLE 0 0 18
SYBASE INC NOTE 1.750% 2/2 871130AB6 2,863 2,975,000 PRN SOLE 2,975,000 0 0
SYMANTEC CORP COM 871503108 45 2,919 SH SOLE 0 0 2,919
SYMYX TECHNOLOGIES COM 87155S108 1,815 75,145 SH SOLE 0 0 75,145
SYNERON MEDICAL LTD ORD SHS M87245102 4 175 SH SOLE 0 0 175
SYNGENTA AG SPONSORED ADR 87160A100 6 208 SH SOLE 0 0 208
SYNOVIS LIFE TECHNOLOGIES IN COM 87162G105 3 300 SH SOLE 0 0 300
SYSCO CORP COM 871829107 147 4,826 SH SOLE 0 0 4,826
TAIWAN GREATER CHINA FD SH BEN INT 874037104 2 300 SH SOLE 0 0 300
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 52 5,672 SH SOLE 0 0 5,672
TALX CORP COM 874918105 7 300 SH SOLE 0 0 300
TANOX INC COM 87588Q109 1 56 SH SOLE 56 0 0
TARGET CORP COM 87612E106 2,459 50,322 SH SOLE 0 0 50,322
TARO PHARMACEUTICAL INDS LTD ORD M8737E108 3 284 SH SOLE 284 0 0
TASER INTL INC COM 87651B104 1 100 SH SOLE 0 0 100
TCF FINL CORP COM 872275102 1,007 38,068 SH SOLE 0 0 38,068
TD AMERITRADE HLDG CORP COM 87236Y108 6 400 SH SOLE 0 0 400
TD BANKNORTH INC COM 87235A101 21 721 SH SOLE 0 0 721
TECHNE CORP COM 878377100 5 89 SH SOLE 39 0 50
TECO ENERGY INC COM 872375100 65 4,349 SH SOLE 0 0 4,349
TEEKAY SHIPPING MARSHALL ISL COM Y8564W103 94 2,250 SH SOLE 0 0 2,250
TEKELEC COM 879101103 12 1,000 SH SOLE 0 0 1,000
TELE NORTE LESTE PART S A SPON ADR PFD 879246106 7 517 SH SOLE 0 0 517
TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 18 900 SH SOLE 0 0 900
TELECOM HLDRS TR DEPOSITRY RCPT 87927P200 9 300 SH SOLE 0 0 300
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
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--------------------------------------------------------------------------------------------------------------------------------
TELEFONICA S A SPONSORED ADR 879382208 21 422 SH SOLE 0 0 422
TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 5 231 SH SOLE 0 0 231
TELEPHONE & DATA SYS INC COM 879433100 2 44 SH SOLE 0 0 44
TELUS CORP NON-VTG SHS 87971M202 6 150 SH SOLE 0 0 150
TEMPLETON DRAGON FD INC COM 88018T101 56 2,703 SH SOLE 0 0 2,703
TEMPLETON EMERG MKTS INCOME COM 880192109 14 1,164 SH SOLE 0 0 1,164
TEMPLETON GLOBAL INCOME FD COM 880198106 26 3,030 SH SOLE 0 0 3,030
TEMPLETON RUS AND EAST EUR F COM 88022F105 4 60 SH SOLE 0 0 60
TEMPUR PEDIC INTL INC COM 88023U101 76 5,600 SH SOLE 0 0 5,600
TENARIS S A SPONSORED ADR 88031M109 90 2,225 SH SOLE 0 0 2,225
TENET HEALTHCARE CORP COM 88033G100 2 262 SH SOLE 0 0 262
TEPPCO PARTNERS L P UT LTD PARTNER 872384102 60 1,700 SH SOLE 0 0 1,700
TEREX CORP NEW COM 880779103 219 2,220 SH SOLE 0 0 2,220
TETRA TECH INC NEW COM 88162G103 53 3,000 SH SOLE 0 0 3,000
TETRA TECHNOLOGIES INC DEL COM 88162F105 6 200 SH SOLE 0 0 200
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 945 29,919 SH SOLE 92 0 29,827
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 24 1,032 SH SOLE 0 0 1,032
TEXAS INSTRS INC COM 882508104 287 9,491 SH SOLE 0 0 9,491
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THOMSON CORP COM 884903105 2 58 SH SOLE 0 0 58
THORNBURG MTG INC COM 885218107 1,489 53,440 SH SOLE 0 0 53,440
TIBCO SOFTWARE INC COM 88632Q103 17 2,400 SH SOLE 0 0 2,400
TIFFANY & CO NEW COM 886547108 31 950 SH SOLE 0 0 950
TIM PARTICIPACOES S A SPONS ADR PFD 88706P106 3 100 SH SOLE 0 0 100
TIMBERLAND CO CL A 887100105 2,072 79,400 SH SOLE 0 0 79,400
TIME WARNER INC COM 887317105 1,455 84,096 SH SOLE 0 0 84,096
TIME WARNER TELECOM INC CL A 887319101 4 300 SH SOLE 0 0 300
TITANIUM METALS CORP COM NEW 888339207 33 950 SH SOLE 0 0 950
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TORO CO COM 891092108 9 200 SH SOLE 0 0 200
TORONTO DOMINION BK ONT COM NEW 891160509 4 73 SH SOLE 0 0 73
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TOYOTA MOTOR CORP SP ADR REP2COM 892331307 628 6,009 SH SOLE 0 0 6,009
TRANSMETA CORP DEL COM 89376R109 1 400 SH SOLE 0 0 400
TRANSOCEAN INC ORD G90078109 615 7,660 SH SOLE 0 0 7,660
TRAVELERS PPTY CAS CORP NEW NT CV JR 2032 89420G307 17 700 SH SOLE 0 0 700
TRIAD GTY INC COM 895925105 19 386 SH SOLE 348 0 38
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TRIMBLE NAVIGATION LTD COM 896239100 16 356 SH SOLE 0 0 356
TRIPOS INC COM 896928108 782 360,306 SH SOLE 0 0 360,306
TRIQUINT SEMICONDUCTOR INC COM 89674K103 4 1,000 SH SOLE 0 0 1,000
TRIQUINT SEMICONDUCTOR INC NOTE 4.000% 3/0 89674KAB9 10 10,000 PRN SOLE 0 0 10,000
TRIZETTO GROUP INC NOTE 2.750%10/0 896882AB3 1,016 1,000,000 PRN SOLE 1,000,000 0 0
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TRUE RELIGION APPAREL INC COM 89784N104 4 200 SH SOLE 0 0 200
TRUSTREET PPTYS INC PFD CV A 898404207 12 558 SH SOLE 0 0 558
TRUSTREET PPTYS INC COM 898404108 10 774 SH SOLE 0 0 774
TS&W CLAYMORE TAX ADVNTG BL COM 87280R108 69 4,960 SH SOLE 0 0 4,960
TUESDAY MORNING CORP COM NEW 899035505 10 774 SH SOLE 774 0 0
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
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TUPPERWARE BRANDS CORP COM 899896104 26 1,300 SH SOLE 0 0 1,300
TWEETER HOME ENTMT GROUP INC COM 901167106 20 2,800 SH SOLE 800 0 2,000
TXU CORP COM 873168108 25 410 SH SOLE 0 0 410
TYCO INTL LTD NEW COM 902124106 536 19,500 SH SOLE 0 0 19,500
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U S AIRWAYS GROUP INC COM 90341W108 10,048 198,822 SH SOLE 198,822 0 0
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UMPQUA HLDGS CORP COM 904214103 480 18,725 SH SOLE 0 0 18,725
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UNION PAC CORP COM 907818108 22 232 SH SOLE 0 0 232
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UNITEDHEALTH GROUP INC COM 91324P102 1,639 36,606 SH SOLE 175 0 36,431
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UNIVISION COMMUNICATIONS INC CL A 914906102 18 530 SH SOLE 0 0 530
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V F CORP COM 918204108 27 404 SH SOLE 0 0 404
VALASSIS COMMUNICATIONS INC COM 918866104 2,016 85,475 SH SOLE 0 0 85,475
VALEANT PHARMACEUTICALS INTL NOTE 3.000% 8/1 91911XAB0 784 900,000 PRN SOLE 900,000 0 0
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VALERO L P COM UT LTD PRT 91913W104 15 300 SH SOLE 0 0 300
VALLEY NATL BANCORP COM 919794107 9 367 SH SOLE 0 0 367
VALSPAR CORP COM 920355104 3,498 132,446 SH SOLE 0 0 132,446
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VAN KAMPEN MUN TR SH BEN INT 920919107 69 4,822 SH SOLE 0 0 4,822
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VANGUARD INTL EQUITY INDEX F EMR MKT VIPERS 922042858 24 375 SH SOLE 0 0 375
VARIAN MED SYS INC COM 92220P105 32 672 SH SOLE 0 0 672
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NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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VEECO INSTRS INC DEL COM 922417100 10 400 SH SOLE 0 0 400
VENDINGDATA CORPORATION COM NEW 92261Q202 2 1,000 SH SOLE 0 0 1,000
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VEOLIA ENVIRONNEMENT SPONSORED ADR 92334N103 1 11 SH SOLE 0 0 11
VERIFONE HLDGS INC COM 92342Y109 577 18,940 SH SOLE 0 0 18,940
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VISHAY INTERTECHNOLOGY INC COM 928298108 261 16,609 SH SOLE 0 0 16,609
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VNUS MED TECHNOLOGIES INC COM 928566108 12 1,484 SH SOLE 184 0 1,300
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WATTS WATER TECHNOLOGIES INC CL A 942749102 3 100 SH SOLE 0 0 100
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WORLD ACCEP CORP DEL COM 981419104 21 600 SH SOLE 0 0 600
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XM SATELLITE RADIO HLDGS INC CL A 983759101 21 1,400 SH SOLE 0 0 1,400
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