<SEC-DOCUMENT>0000884589-09-000024.txt : 20121218
<SEC-HEADER>0000884589-09-000024.hdr.sgml : 20121218
<ACCEPTANCE-DATETIME>20090814141006
ACCESSION NUMBER:		0000884589-09-000024
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090630
FILED AS OF DATE:		20090814
DATE AS OF CHANGE:		20121218
EFFECTIVENESS DATE:		20090814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KENNEDY CAPITAL MANAGEMENT INC
		CENTRAL INDEX KEY:			0000884589
		IRS NUMBER:				431225960
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-03133
		FILM NUMBER:		091014542

	BUSINESS ADDRESS:	
		STREET 1:		10829 OLIVE BLVD
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63141
		BUSINESS PHONE:		3144320897

	MAIL ADDRESS:	
		STREET 1:		10829 OLIVE BLVD.
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63141

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KENNEDY CAPITAL MANAGEMENT INC
		DATE OF NAME CHANGE:	19970106
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-NT
<SEQUENCE>1
<FILENAME>in13f0609.txt
<DESCRIPTION>13F FOR 06/30/2009
<TEXT>
<TABLE> <S> <C>
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, 2009

Check here if Amendment [   ]; Amendment Number:
This Admendment  (Check only one.):  [    ]  is a restatement.
				     [    ]  adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:     Kennedy Capital Management, Inc.
Address:  10829 Olive Blvd.
          St. Louis, MO  63141

13F File Number:  28-3133

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:  Stephen A. Mace
Title:  Chief Operating Officer
Phone:  314-432-0400
Signature, Place, and Date of Signing:


Stephen A. Mace,       St. Louis, MO      August 14, 2009

Report Type (Check only one.):

[ X ]          13F HOLDINGS REPORT.

[   ]          13F NOTICE.

[   ]          13F COMBINATION REPORT.


List of Other Managers Reporting for this Manager:

	None.


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.

<PAGE>
			FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:         0

Form 13F Information Table Entry Total:    703

Form 13F Information Table Value Total:    $2,240,349,000


List of Other Included Managers:

None


                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S>                            <C>              <C>       <C>      <C>      <C> <C>  <C>     <C>          <C>      <C>      <C>
3Com Corp.                     COM              885535104     3499   739820 SH       Sole                   739820
8x8 Inc.                       COM              282914100      833  1388946 SH       Sole                  1205047            183899
A.M. Castle & Co.              COM              148411101      896    74188 SH       Sole                    74188
AAON Inc.                      COM              000360206    11074   555929 SH       Sole                   548944              6985
Abatix Corp.                   COM              002564102      103    31680 SH       Sole                    31680
Abercrombie & Fitch Co. (Cl A) CLA              002896207     1484    58435 SH       Sole                    52698              5737
Abington Bancorp Inc.          COM              00350L109     1071   134500 SH       Sole                   125850              8650
AboveNet Inc.                  COM              00374N107      666     8224 SH       Sole                     8224
Actuant Corp. (Cl A)           CLA              00508X203     8552   700987 SH       Sole                   694512              6475
Actuate Corp.                  COM              00508B102     4596   957493 SH       Sole                   945543             11950
Adaptec Inc.                   COM              00651F108     1061   400460 SH       Sole                   377536             22924
ADC Telecommunications Inc.    COM              000886309     5649   709731 SH       Sole                   699981              9750
Adtran Inc.                    COM              00738A106     1524    70965 SH       Sole                    57335             13630
Advanta Corp.                  CLA              007942105       22    50200 SH       Sole                    50200
AFC Enterprises Inc.           COM              00104Q107      813   120500 SH       Sole                   120500
Affymetrix Inc.                COM              00826T108     6802  1147041 SH       Sole                  1113036             34005
AGCO Corp.                     COM              001084102     4419   152000 SH       Sole                   152000
AGL Res Inc.                   COM              001204106     5919   186127 SH       Sole                   181977              4150
Agrium Inc.                    COM              008916108     1407    35275 SH       Sole                    35275
Air Methods Corp.              COM              009128307      461    16857 SH       Sole                    16857
Akorn Inc.                     COM              009728106      945   780777 SH       Sole                   780777
Alamo Grp Inc.                 COM              011311107     3045   301451 SH       Sole                   301451
Alexandria Real Estate Eq Inc. COM              015271109     1269    35470 SH       Sole                    35470
Allete Inc.                    COM              018522300    12345   429382 SH       Sole                   424582              4800
Alliance Fiber Optic Products  COM              018680108       98    90785 SH       Sole                    90785
Allied Defense Grp Inc.        COM              019118108      161    36560 SH       Sole                    36560
Allied Healthcare Intl.        COM              01923A109     2483  1144304 SH       Sole                  1144304
Allion Healthcare Inc.         COM              019615103     4911   825330 SH       Sole                   813580             11750
Alon USA Energy Inc.           COM              020520102     5507   532053 SH       Sole                   532053
Alphatec Hldgs Inc.            COM              02081G102     2517   758264 SH       Sole                   758264
Altra Hldgs Inc.               COM              02208R106     3086   411983 SH       Sole                   411983
Amedisys Inc.                  COM              023436108     2050    62089 SH       Sole                    60364              1725
America Service Grp Inc.       COM              02364L109     3326   206942 SH       Sole                   206942
American Campus Cmntys Inc.    COM              024835100     3654   164755 SH       Sole                   159715              5040
American Eagle Outfitters Inc. COM              02553E106     4469   315405 SH       Sole                   311480              3925
American Eqty Invt Life Hld Co COM              025676206     3475   622778 SH       Sole                   614928              7850
American Italian Pasta Co.     CLA              027070101     9815   336719 SH       Sole                   331634              5085
American Medical Sys Hldgs Inc COM              02744M108    15726   992780 SH       Sole                   983780              9000
American Safety Insurance Hldg COM              G02995101     7895   580122 SH       Sole                   572972              7150
American States Water Co.      COM              029899101     1495    43145 SH       Sole                    40795              2350
Amerigroup Corp.               COM              03073T102     3615   134625 SH       Sole                   128535              6090
Ameriprise Finl Inc.           COM              03076C106     1314    54145 SH       Sole                    48810              5335
Ampco-Pittsburgh Corp.         COM              032037103     1184    50500 SH       Sole                    50500
AmTrust Finl Svcs Inc.         COM              032359309     2709   237657 SH       Sole                   237657
Analogic Corp.                 COM              032657207     3780   102299 SH       Sole                    91974             10325
Anaren Inc.                    COM              032744104    14092   797065 SH       Sole                   783626             13439
Andersons Inc.                 COM              034164103     3491   116600 SH       Sole                   116600
AngioDynamics Inc.             COM              03475V101     2078   156580 SH       Sole                   156580
Angiotech Pharmaceuticals Inc. COM              034918102     2632  1539172 SH       Sole                  1539172
AnnTaylor Stores Corp.         COM              036115103     4185   524400 SH       Sole                   521550              2850
Antrim Energy Inc.             COM              037243102      204   312200 SH       Sole                   312200
Anworth Mortgage Asset Corp.   COM              037347101     4697   651400 SH       Sole                   651400
Apartment Invt & Mgmt Co.      CLA              03748R101      221    25000 SH       Sole                    23400              1600
Applied Micro Circuits Corp.   COM              03822W406     1083   133247 SH       Sole                   124907              8340
Applied Signal Tech Inc.       COM              038237103     5583   218865 SH       Sole                   206540             12325
Arctic Cat Inc.                COM              039670104      227    56100 SH       Sole                    56100
ArvinMeritor Inc.              COM              043353101     3097   705400 SH       Sole                   705400
Ashford Hospitality Trust      COM              044103109     2488   885350 SH       Sole                   885350
Aspen Insurance Hldgs Ltd.     COM              G05384105     1257    56275 SH       Sole                    56275
Astec Industries Inc.          COM              046224101    13278   447207 SH       Sole                   441397              5810
Astoria Finl Corp.             COM              046265104      944   110000 SH       Sole                   102950              7050
Astronics Corp.                COM              046433108     1012    97408 SH       Sole                    88934              8474
ATC Tech Corp.                 COM              00211W104     3766   259748 SH       Sole                   232508             27240
Atmos Energy Corp.             COM              049560105     2291    91500 SH       Sole                    85350              6150
ATP Oil & Gas Corp.            COM              00208J108      276    39700 SH       Sole                    39700
Atwood Oceanics Inc.           COM              050095108      994    39893 SH       Sole                    36079              3814
Auxilium Pharmaceuticals Inc.  COM              05334D107     1695    54010 SH       Sole                    50650              3360
Avista Corp.                   COM              05379B107    10956   615146 SH       Sole                   607496              7650
Avocent Corp.                  COM              053893103    12243   876994 SH       Sole                   864814             12180
Axsys Technologies Inc.        COM              054615109     5527   103031 SH       Sole                   103031
AXT Inc.                       COM              00246W103      571   413415 SH       Sole                   388621             24794
B & G Foods Inc.               CLA              05508R106      243    28951 SH       Sole                    28951
Bally Technologies Inc.        COM              05874B107     3768   125930 SH       Sole                   122635              3295
BancorpSouth Inc.              COM              059692103     9083   442410 SH       Sole                   436860              5550
Bank Mutual Corp.              COM              063750103      831    95295 SH       Sole                    95295
Banner Corp.                   COM              06652V109     1822   477045 SH       Sole                   471011              6034
BE Aerospace Inc.              COM              073302101     9237   643243 SH       Sole                   639803              3440
Belo Corp. (Series A)          COM              080555105     1297   724460 SH       Sole                   724460
Benihana Inc.                  COM              082047101      513    72815 SH       Sole                    72815
Benihana Inc. (Cl A)           CLA              082047200      900   142352 SH       Sole                   142352
Berkshire Hills Bancorp Inc.   COM              084680107     1539    74050 SH       Sole                    72150              1900
Bill Barrett Corp.             COM              06846N104     6333   230630 SH       Sole                   215005             15625
Bio-Imaging Technologies Inc.  COM              09056N103      374   104370 SH       Sole                    99070              5300
Bio-Rad Laboratories Inc.      CLA              090572207     6132    81235 SH       Sole                    75435              5800
Bio-Reference Laboratories Inc COM              09057G602     2102    66501 SH       Sole                    62366              4135
BioMed Realty Trust Inc.       COM              09063H107     9099   889442 SH       Sole                   870792             18650
BioScrip Inc.                  COM              09069N108     1251   211300 SH       Sole                   211300
Black Hills Corp.              COM              092113109    12830   558064 SH       Sole                   547639             10425
Blackboard Inc.                COM              091935502      976    33825 SH       Sole                    31720              2105
BluePhoenix Solutions Ltd.     COM              M20157109     1513   617572 SH       Sole                   584272             33300
Brady Corp. (Cl A)             CLA              104674106     8476   337437 SH       Sole                   333137              4300
Brandywine Realty Trust        COM              105368203     1775   238200 SH       Sole                   238200
Briggs & Stratton Corp.        COM              109043109     7274   545295 SH       Sole                   538295              7000
Bristow Grp Inc.               COM              110394103     1618    54600 SH       Sole                    53400              1200
Brocade Communications Systems COM              111621306     6424   819350 SH       Sole                   819350
Brookline Bancorp Inc.         COM              11373M107      516    55350 SH       Sole                    52250              3100
Brown Shoe Co. Inc.            COM              115736100     4986   688630 SH       Sole                   682280              6350
Bruker Corp.                   COM              116794108     3577   386236 SH       Sole                   386236
Brunswick Corp.                COM              117043109     2292   530540 SH       Sole                   523740              6800
Buckeye Technologies Inc.      COM              118255108     1682   374610 SH       Sole                   374610
Buckle Inc.                    COM              118440106     1457    45867 SH       Sole                    42997              2870
Bunge Ltd.                     COM              G16962105     8949   148524 SH       Sole                   146180              2344
C&D Technologies Inc.          COM              124661109     1200   600000 SH       Sole                   600000
CACI, Inc.                     CLA              127190304     7240   169520 SH       Sole                   166560              2960
Cal-Maine Foods Inc.           COM              128030202     6670   267216 SH       Sole                   263716              3500
CAlAmp Corp.                   COM              128126109      604   755092 SH       Sole                   711892             43200
Calavo Growers Inc.            COM              128246105     1081    54515 SH       Sole                    46195              8320
Calgon Carbon Corp.            COM              129603106     1935   139300 SH       Sole                   139300
Caliper Life Sciences Inc.     COM              130872104     2012  1136547 SH       Sole                  1136547
Cantel Medical Corp.           COM              138098108      633    39000 SH       Sole                    39000
CapLease Inc.                  COM              140288101     2552   924477 SH       Sole                   896827             27650
Cardiac Science Corp.          COM              14141A108       62    15476 SH       Sole                    15476
Cardinal Finl Corp.            COM              14149F109     3634   464051 SH       Sole                   458304              5747
Carpenter Tech Corp.           COM              144285103     7514   361085 SH       Sole                   357285              3800
Carrizo Oil & Co Inc.          COM              144577103      247    14400 SH       Sole                    14400
Carver Bancorp Inc.            COM              146875109      187    35675 SH       Sole                    35675
Casey's General Stores Inc.    COM              147528103    10080   392373 SH       Sole                   386523              5850
Catalyst Health Solutions Inc. COM              14888B103     4405   176605 SH       Sole                   171737              4868
CBL & Associates Pptys Inc.    COM              124830100     2878   533900 SH       Sole                   533900
CCA Industries Inc.            COM              124867102       72    22716 SH       Sole                    22716
Ceco Environmental Corp.       COM              125141101       55    13763 SH       Sole                    13763
Cedar Shopping Centers Inc.    COM              150602209     5075  1122870 SH       Sole                  1116870              6000
Celestica Inc.                 COM              15101Q108      682   100000 SH       Sole                   100000
Center Finl Corp.              COM              15146E102      409   162217 SH       Sole                   154517              7700
CenterPoint Energy Inc.        COM              15189T107     1619   146107 SH       Sole                   131835             14272
Century Aluminum Co.           COM              156431108      844   135055 SH       Sole                   126655              8400
Century Casinos Inc.           COM              156492100      104    35000 SH       Sole                    35000
Cephalon Inc.                  COM              156708109     3663    64667 SH       Sole                    61555              3112
CEVA Inc.                      COM              157210105     1842   212204 SH       Sole                   205693              6511
CF Industries Hldgs Inc.       COM              125269100      887    11968 SH       Sole                    10782              1186
Charming Shoppes Inc.          COM              161133103     1488   400000 SH       Sole                   400000
Chattem Inc.                   COM              162456107     2379    34940 SH       Sole                    34940
Check Point Software Tech Ltd. ORD              M22465104      869    37026 SH       Sole                    33316              3710
Chesapeake Utilities Corp.     COM              165303108      459    14100 SH       Sole                    11900              2200
Chiquita Brands Intl Inc.      COM              170032809     1956   190600 SH       Sole                   188300              2300
Church & Dwight Co.            COM              171340102     1498    27586 SH       Sole                    25448              2138
CIBER Inc.                     COM              17163B102     1641   529504 SH       Sole                   529504
Citizens Republic Bancorp Inc. COM              174420109     1133  1596403 SH       Sole                  1596403
CKE Restaurants Inc.           COM              12561E105     1867   220134 SH       Sole                   215434              4700
CLARCOR Inc.                   COM              179895107     1118    38295 SH       Sole                    38295
CNA Surety Corp.               COM              12612L108     6516   482995 SH       Sole                   476953              6042
CNB Finl Corp. (Worcester, MA) COM              12613H106      116    10950 SH       Sole                    10950
Coeur d'Alene Mines Corp.      COM              192108504     2677   217617 SH       Sole                   217617
Coinstar Inc.                  COM              19259P300     6284   235358 SH       Sole                   229143              6215
Colonial Bancgroup Inc.        COM              195493309       32    51900 SH       Sole                    51900
Columbus McKinnon Corp.        COM              199333105     8479   670243 SH       Sole                   661868              8375
Comerica Inc.                  COM              200340107     1441    68115 SH       Sole                    61384              6731
Community Bankers Trust Corp.  COM              203612106     1126   304400 SH       Sole                   304400
Community Trust Bancorp Inc.   COM              204149108     2178    81432 SH       Sole                    81432
Compass Minerals Intl Inc.     COM              20451N101     5282    96196 SH       Sole                    94076              2120
Comstock Res Inc.              COM              205768203     3114    94209 SH       Sole                    91790              2419
Comtech Telecomm Corp.         COM              205826209    17203   539625 SH       Sole                   528325             11300
ConAgra Foods Inc.             COM              205887102     1360    71373 SH       Sole                    64233              7140
Conceptus Inc.                 COM              206016107      981    58057 SH       Sole                    58057
Concurrent Computer Corp.      COM              206710402       83    14500 SH       Sole                    14500
CONMED Corp.                   COM              207410101      776    50000 SH       Sole                    50000
Connecticut Water Service Inc. COM              207797101     1363    62851 SH       Sole                    59501              3350
Conseco Inc.                   COM              208464883     3103  1309217 SH       Sole                  1234551             74666
Corn Products Intl Inc.        COM              219023108     1987    74175 SH       Sole                    71875              2300
Corporate Office Pptys Tr      COM              22002T108    11250   383583 SH       Sole                   376058              7525
Courier Corp.                  COM              222660102     7125   466899 SH       Sole                   460984              5915
Coventry Health Care Inc.      COM              222862104     1948   104100 SH       Sole                   104100
CPI Corp.                      COM              125902106      275    16200 SH       Sole                    16200
CRM Hldgs Ltd.                 COM              G2554P103      609   507747 SH       Sole                   507747
Cubic Corp.                    COM              229669106     1456    40695 SH       Sole                    40695
Curtiss-Wright Corp.           COM              231561101     3042   102325 SH       Sole                   102325
Cutera Inc.                    COM              232109108      633    73419 SH       Sole                    73419
Cypress Semiconductor Corp.    COM              232806109     2373   257920 SH       Sole                   241815             16105
Daktronics Inc.                COM              234264109     5256   682618 SH       Sole                   674068              8550
Dana Holding Corp.             COM              235825205     4706  3676657 SH       Sole                  3630007             46650
Darden Restaurants Inc.        COM              237194105     1182    35831 SH       Sole                    32314              3517
Datalink Corp.                 COM              237934104       83    19522 SH       Sole                    19522
DayStar Technologies Inc.      COM              23962Q100      879  1098482 SH       Sole                  1035168             63314
Del Monte Foods Co.            COM              24522P103      469    50000 SH       Sole                    50000
Delek US Hldgs Inc.            COM              246647101      466    54950 SH       Sole                    51350              3600
Deluxe Corp.                   COM              248019101     3354   261853 SH       Sole                   261853
Denbury Res Inc.               COM              247916208     1608   109155 SH       Sole                    98616             10539
Denny's Corp.                  COM              24869P104     1450   674350 SH       Sole                   655255             19095
Developers Diversified Realty  COM              251591103     1586   325000 SH       Sole                   304050             20950
Diamondrock Hospitality Co.    COM              252784301     2387   381330 SH       Sole                   377180              4150
Digirad Corp.                  COM              253827109      444   346790 SH       Sole                   346790
Digital Realty Trust Inc.      COM              253868103     7808   217800 SH       Sole                   214970              2830
Digital River Inc.             COM              25388B104      917    25260 SH       Sole                    23685              1575
Dime Community Bancshares      COM              253922108     3622   397537 SH       Sole                   388486              9051
Discover Finl Svcs             COM              254709108     1191   115998 SH       Sole                   104814             11184
Donegal Grp Inc. (Cl A)        CLA              257701201     4813   316413 SH       Sole                   316413
Dorman Products Inc.           COM              258278100     1530   110647 SH       Sole                   110647
DPL Inc.                       COM              233293109     1975    85221 SH       Sole                    76854              8367
Dril-Quip Inc.                 COM              262037104    16870   442779 SH       Sole                   436349              6430
DST Systems Inc.               COM              233326107     1774    48015 SH       Sole                    48015
Duke Realty Corp.              COM              264411505     2483   283175 SH       Sole                   283175
Dupont Fabros Tech Inc.        COM              26613Q106     2732   289979 SH       Sole                   289979
Dynamics Research Corp.        COM              268057106     5280   527453 SH       Sole                   482938             44515
Eagle Bulk Shipping Inc.       COM              Y2187A101      942   200000 SH       Sole                   200000
East West Bancorp Inc.         COM              27579R104     4684   721699 SH       Sole                   708364             13335
Eastern Virginia Bankshs Inc.  COM              277196101      954   110471 SH       Sole                   105254              5217
ECB Bancorp Inc.               COM              268253101     1740    89220 SH       Sole                    89220
Eclipsys Corp.                 COM              278856109     1015    57110 SH       Sole                    53540              3570
Edgewater Tech Inc.            COM              280358102     1098   425764 SH       Sole                   425764
Emergency Medical Svcs Corp.   CLA              29100P102     2234    60674 SH       Sole                    56904              3770
Emergent Biosolutions Inc.     COM              29089Q105     3246   226494 SH       Sole                   219864              6630
Empire District Electric Co.   COM              291641108     1769   107107 SH       Sole                   107107
Endocare Inc.                  COM              29264P203      618   468050 SH       Sole                   387650             80400
Energen Corp.                  COM              29265N108    11876   297648 SH       Sole                   293848              3800
Ennis Inc.                     COM              293389102     3238   259900 SH       Sole                   259900
Entertainment Pptys Trust      COM              29380T105     2678   130000 SH       Sole                   130000
Epicor Software Corp.          COM              29426L108     2965   559435 SH       Sole                   548705             10730
ESCO Technologies Inc.         COM              296315104     2546    56823 SH       Sole                    56823
Esterline Technologies Corp.   COM              297425100     6620   244560 SH       Sole                   238435              6125
Ethan Allen Interiors Inc.     COM              297602104     3635   350876 SH       Sole                   346316              4560
Euroseas Ltd.                  COM              Y23592200      618   129239 SH       Sole                   129239
Evercore Partners Inc. (Cl A)  CLA              29977A105     1042    53077 SH       Sole                    49775              3302
Everest Re Grp Ltd.            COM              G3223R108      849    11860 SH       Sole                    10695              1165
Evolving Systems Inc.          COM              30049R100     2585   994322 SH       Sole                   994322
Exactech Inc.                  COM              30064E109     2493   171934 SH       Sole                   169829              2105
Exide Technologies             COM              302051206      686   183849 SH       Sole                   183849
Exterran Hldgs Inc.            COM              30225X103     1123    70000 SH       Sole                    70000
F.N.B. Corp.                   COM              302520101     2474   399670 SH       Sole                   394770              4900
Fair Isaac Corp.               COM              303250104     3808   246325 SH       Sole                   243075              3250
Fairchild Semiconductor Intl   COM              303726103     6726   962255 SH       Sole                   950255             12000
FalconStor Software Inc.       COM              306137100     1329   279790 SH       Sole                   262325             17465
Famous Dave's of America Inc.  COM              307068106      215    35049 SH       Sole                    35049
FCStone Grp Inc.               COM              31308T100     1568   396965 SH       Sole                   396965
FGX Intl Hldgs Ltd.            COM              G3396L102     1166   102500 SH       Sole                    95660              6840
Finish Line Inc. (Cl A)        CLA              317923100      742   100000 SH       Sole                   100000
First American Corp.           COM              318522307     4068   157000 SH       Sole                   154450              2550
First Cash Finl Svcs Inc.      COM              31942D107     2127   121393 SH       Sole                   113808              7585
First Financial Bancorp (Ohio) COM              320209109     2190   290795 SH       Sole                   288045              2750
First Horizon National Corp.   COM              320517105    15650  1304206 SH       Sole                  1274799             29407
First Majestic Silver Corp.    COM              32076V103      512   250000 SH       Sole                   250000
First Merchants Corp.          COM              320817109     1269   158075 SH       Sole                   158075
First Mercury Finl Corp.       COM              320841109     2867   208239 SH       Sole                   205589              2650
First Niagara Finl Grp Inc.    COM              33582V108     3493   305859 SH       Sole                   281724             24135
First Potomac Realty Trust     COM              33610F109     8093   830039 SH       Sole                   819039             11000
Five Star Quality Care Inc.    COM              33832D106     1602   838911 SH       Sole                   821761             17150
Flint Energy Svcs Ltd.         COM              339457103      764    76800 SH       Sole                    76800
Flowers Foods Inc.             COM              343498101     2097    96010 SH       Sole                    90020              5990
FMC Corp.                      COM              302491303     6055   128019 SH       Sole                   126539              1480
Forest Laboratories Inc.       COM              345838106     1804    71826 SH       Sole                    64781              7045
Fossil Inc.                    COM              349882100     2308    95833 SH       Sole                    89133              6700
FreightCar America Inc.        COM              357023100     6728   400211 SH       Sole                   395311              4900
Frequency Electronics Inc.     COM              358010106      116    30839 SH       Sole                    30839
Fresh Del Monte Produce Inc.   COM              G36738105     9752   599780 SH       Sole                   593830              5950
Frozen Food Express Industries COM              359360104      691   217377 SH       Sole                   217377
Fuel Systems Solutions Inc.    COM              35952W103      972    48150 SH       Sole                    48150
Fulton Finl Corp.              COM              360271100      519   100000 SH       Sole                    93600              6400
G-III Apparel Grp Ltd.         COM              36237H101     6229   542113 SH       Sole                   542113
GameTech Intl Inc.             COM              36466D102      303   182500 SH       Sole                   182500
Gammon Gold Inc.               COM              36467T106     1823   273290 SH       Sole                   256225             17065
Gannett Co. Inc.               COM              364730101       36    10125 SH       Sole                    10125
Gardner Denver Inc.            COM              365558105     2375    94375 SH       Sole                    94375
Gastar Exploration Ltd.        COM              367299104      134   334600 SH       Sole                   334600
GenCorp Inc.                   COM              368682100     4515  2364066 SH       Sole                  2282961             81105
General Cable Corp.            COM              369300108     5475   145696 SH       Sole                   145696
Genesco Inc.                   COM              371532102     8698   463375 SH       Sole                   457639              5736
GeoPharma Inc.                 COM              37250A106      223   378644 SH       Sole                   378644
Gilat Satellite Networks Ltd.  COM              M51474118     5437  1224606 SH       Sole                  1176084             48522
Gildan Activewear Inc.         COM              375916103    14531   981795 SH       Sole                   969045             12750
Glacier Bancorp Inc.           COM              37637Q105     3341   226178 SH       Sole                   223241              2937
Global Payments Inc.           COM              37940X102     2435    65000 SH       Sole                    60750              4250
Globecomm Systems Inc.         COM              37956X103      437    60826 SH       Sole                    60826
GMX Res Inc.                   COM              38011M108     4098   385155 SH       Sole                   380055              5100
Goldleaf Finl Solutions Inc.   COM              38144H208      103   177989 SH       Sole                   176336              1653
GP Strategies Corp.            COM              36225V104      702   119150 SH       Sole                   119150
GrafTech Intl Ltd.             COM              384313102     3909   345650 SH       Sole                   345650
Grand Canyon Education Inc.    COM              38526M106     1510    90000 SH       Sole                    90000
GraphOn Corp.                  COM              388707101      277  3467398 SH       Sole                  2941898            525500
Great Plains Energy Inc.       COM              391164100     4915   316100 SH       Sole                   316100
Great Southern Bancorp Inc.    COM              390905107     3079   149808 SH       Sole                   148295              1513
Green Bankshares Inc.          COM              394361208     1337   298388 SH       Sole                   294611              3777
Greif Inc. (Cl A)              CLA              397624107     3046    68875 SH       Sole                    68875
GSI Tech Inc.                  COM              36241U106     2952   764652 SH       Sole                   753552             11100
Gulf Island Fabrication Inc.   COM              402307102      700    44225 SH       Sole                    44225
GulfMark Offshore Inc.         COM              402629109    16306   590814 SH       Sole                   577139             13675
H.B. Fuller Co.                COM              359694106     6044   321981 SH       Sole                   317931              4050
Hancock Fabrics Inc.           COM              409900107      134   121500 SH       Sole                   121500
Hancock Hldg Co.               COM              410120109      994    30608 SH       Sole                    28640              1968
Handleman Co.                  COM              410252100       40  1204259 SH       Sole                   966399            237860
Hanesbrands Inc.               COM              410345102    10634   708477 SH       Sole                   702077              6400
Hanger Orthopedic Grp Inc.     COM              41043F208      211    15508 SH       Sole                    15508
Hardinge Inc.                  COM              412324303      447   105180 SH       Sole                   105180
Harman Intl Industries Inc.    COM              413086109     4146   220540 SH       Sole                   217740              2800
Harris Stratex Networks Inc.   CLA              41457P106     1242   191629 SH       Sole                   179721             11908
Hastings Entertainment Inc.    COM              418365102      784   175016 SH       Sole                   175016
Hatteras Finl Corp.            COM              41902R103     3069   107350 SH       Sole                   107350
Hawaiian Hldgs Inc.            COM              419879101      502    83374 SH       Sole                    78624              4750
Haynes Intl Inc.               COM              420877201     5708   240847 SH       Sole                   230647             10200
Health Care REIT Inc.          COM              42217K106     6139   180023 SH       Sole                   176408              3615
Healthcare Realty Trust Inc.   COM              421946104     5547   329606 SH       Sole                   329606
HealthSpring Inc.              COM              42224N101     5803   534388 SH       Sole                   534388
HealthTronics Inc.             COM              42222L107     2467  1227182 SH       Sole                  1227182
Hecla Mining Co.               COM              422704106     2923  1090500 SH       Sole                  1090500
Heico Corp. (Cl A)             CLA              422806208     1248    42640 SH       Sole                    42640
Helix Energy Solutions Grp Inc COM              42330P107     9837   904965 SH       Sole                   899665              5300
Herbalife Ltd.                 COM              G4412G101      391    12400 SH       Sole                    11550               850
Heritage Commerce Corp.        COM              426927109     1923   515650 SH       Sole                   509351              6299
Hersha Hospitality Trust       CLA              427825104     1835   739895 SH       Sole                   733508              6387
Hewitt Associates Inc. (Cl A)  CLA              42822Q100     2349    78872 SH       Sole                    75725              3147
Hexcel Corp.                   COM              428291108      956   100265 SH       Sole                    94375              5890
Hibbett Sports Inc.            COM              428567101     5526   307017 SH       Sole                   303356              3661
Hickory Tech Corp.             COM              429060106     1464   190649 SH       Sole                   190649
Highwoods Pptys Inc.           COM              431284108     2051    91670 SH       Sole                    90520              1150
Hill-Rom Hldgs Inc.            COM              431475102     7679   473425 SH       Sole                   466225              7200
Himax Technologies Inc.        ADR              43289P106     2251   600349 SH       Sole                   600349
Home Diagnostics Inc.          COM              437080104      150    24370 SH       Sole                    24370
Horace Mann Educators Corp.    COM              440327104     6327   634631 SH       Sole                   620612             14019
Hornbeck Offshore Svcs Inc.    COM              440543106     1418    66315 SH       Sole                    62465              3850
Horsehead Hldg Corp.           COM              440694305      379    50900 SH       Sole                    50900
Host Hotels & Resorts Inc.     COM              44107P104     1176   140186 SH       Sole                   126170             14016
HRPT Pptys Trust               COM              40426W101     1121   276000 SH       Sole                   276000
Hub Group Inc. (Cl A)          CLA              443320106      794    38450 SH       Sole                    38450
Hudson Technologies Inc.       COM              444144109      443   335323 SH       Sole                   335323
Huntington Bancshares Inc.     COM              446150104     3976   951170 SH       Sole                   939195             11975
Hurco Cos.                     COM              447324104     2277   145670 SH       Sole                   145670
Hutchinson Tech Inc.           COM              448407106       97    49750 SH       Sole                    49750
IAC Interactivecorp            COM              44919P508      642    40000 SH       Sole                    37450              2550
IBERIABANK Corp.               COM              450828108    11734   297735 SH       Sole                   293116              4619
ICF Intl Inc.                  COM              44925C103     3057   110802 SH       Sole                   110802
ICO Inc.                       COM              449293109      425   156100 SH       Sole                   156100
Iconix Brand Grp Inc.          COM              451055107     3466   225345 SH       Sole                   225345
ICU Medical Inc.               COM              44930G107     1327    32254 SH       Sole                    30234              2020
IDACORP Inc.                   COM              451107106     1297    49600 SH       Sole                    46400              3200
IDEX Corp.                     COM              45167R104    12100   492461 SH       Sole                   484111              8350
II-VI Inc.                     COM              902104108     8624   387957 SH       Sole                   384862              3095
Immucor Inc.                   COM              452526106     5094   370200 SH       Sole                   365785              4415
Industrial Svcs of America Inc COM              456314103      987   147578 SH       Sole                   147578
InfoSpace Inc.                 COM              45678T300      700   105609 SH       Sole                    99659              5950
Ingles Markets Inc.            CLA              457030104      517    33955 SH       Sole                    33005               950
Innophos Hldgs Inc.            COM              45774N108     5601   331635 SH       Sole                   331635
Innospec Inc.                  COM              45768S105     1494   139012 SH       Sole                   131064              7948
Insituform Technologies Inc.   CLA              457667103     2789   164350 SH       Sole                   164350
Insteel Industries Inc.        COM              45774W108     2395   290638 SH       Sole                   290638
Integral Systems Inc.          COM              45810H107     1944   233689 SH       Sole                   225889              7800
Integrated Device Tech Inc.    COM              458118106    10661  1765044 SH       Sole                  1734095             30949
Integrated Silicon Solution    COM              45812P107      395   149200 SH       Sole                   149200
Inter Parfums Inc.             COM              458334109     2726   371325 SH       Sole                   366550              4775
Intl Bancshares Corp.          COM              459044103     2952   286347 SH       Sole                   283142              3205
Interpublic Grp Of Cos.        COM              460690100      955   189094 SH       Sole                   170273             18821
Intertape Polymer Grp Inc.     COM              460919103      487   541000 SH       Sole                   541000
Intuit Inc.                    COM              461202103     1804    63978 SH       Sole                    57651              6327
Inventure Grp Inc.             COM              461214108      123    50000 SH       Sole                    50000
INVESCO Ltd.                   COM              G491BT108     1250    70135 SH       Sole                    63213              6922
Investors Bancorp Inc.         COM              46146P102     1576   171300 SH       Sole                   171300
IPC Hldgs Ltd Ord              ORD              G4933P101     5134   187772 SH       Sole                   185833              1939
Iridex Corp.                   COM              462684101     1434   696086 SH       Sole                   696086
IRIS Intl Inc.                 COM              46270W105      590    50000 SH       Sole                    50000
Iteris Inc.                    COM              46564T107       29    22500 SH       Sole                    22500
ITEX Corp.                     COM              465647204      181   266200 SH       Sole                   188750             77450
Jack Henry & Associates Inc.   COM              426281101     8128   391723 SH       Sole                   387823              3900
Jackson Hewitt Tax Service Inc COM              468202106     2048   327200 SH       Sole                   327200
Jarden Corp.                   COM              471109108     5710   304529 SH       Sole                   304529
JDA Software Grp Inc.          COM              46612K108     7356   491695 SH       Sole                   486249              5446
Jo-Ann Stores Inc.             COM              47758P307     7806   377645 SH       Sole                   353915             23730
Jones Lang LaSalle Inc.        COM              48020Q107     2087    63755 SH       Sole                    62930               825
K-Swiss Inc. (Cl A)            CLA              482686102     5892   693218 SH       Sole                   685533              7685
Kaiser Aluminum Corp.          COM              483007704      619    17250 SH       Sole                    17250
Kendle Intl Inc.               COM              48880L107     3035   247990 SH       Sole                   247990
Kennametal Inc.                COM              489170100     2738   142742 SH       Sole                   140892              1850
Kenneth Cole Productions Inc.  CLA              193294105      495    70450 SH       Sole                    66450              4000
Key Tech Inc.                  COM              493143101     1564   158132 SH       Sole                   158132
KeyCorp                        COM              493267108     1546   295048 SH       Sole                   265645             29403
Kimball Intl Inc. (Cl B)       CLB              494274103     3009   480704 SH       Sole                   474777              5927
Kindred Healthcare Inc.        COM              494580103      424    34252 SH       Sole                    34252
Kirby Corp.                    COM              497266106     2882    90665 SH       Sole                    88465              2200
Kite Realty Grp Trust          COM              49803T102     2980  1020506 SH       Sole                  1017351              3155
Knoll Inc.                     COM              498904200     6078   801832 SH       Sole                   791882              9950
Kohlberg Capital Corp.         COM              500233101     1544   244269 SH       Sole                   244269
Koppers Hldgs Inc.             COM              50060P106     1755    66550 SH       Sole                    66550
L-3 Communications Hldgs Inc.  COM              502424104     1342    19347 SH       Sole                    17619              1728
Laboratory Corp. of Amer Hldgs COM              50540R409     1844    27197 SH       Sole                    24682              2515
Langer Inc.                    COM              515707107       35    55050 SH       Sole                    55050
LeCroy Corp.                   COM              52324W109     1639   437185 SH       Sole                   437185
Life Technologies Corp.        COM              53217V109     2086    50000 SH       Sole                    50000
Lifepoint Hospitals Inc.       COM              53219L109     4279   163010 SH       Sole                   163010
Lincoln Electric Hldgs Inc.    COM              533900106     3937   109241 SH       Sole                   107886              1355
Liquidity Svcs Inc.            COM              53635B107     1390   140960 SH       Sole                   132890              8070
Liz Claiborne Inc.             COM              539320101     4759  1652500 SH       Sole                  1644850              7650
LMI Aerospace Inc.             COM              502079106     1950   192669 SH       Sole                   192669
LogicVision Inc.               COM              54140W305      548   517341 SH       Sole                   489441             27900
LookSmart Ltd.                 COM              543442503     1818  1367134 SH       Sole                  1180513            186621
LSB Industries Inc.            COM              502160104     4737   292930 SH       Sole                   264905             28025
LTC Pptys Inc.                 COM              502175102     6745   329850 SH       Sole                   329850
Lufkin Inds Inc.               COM              549764108      490    11650 SH       Sole                    10950               700
Macrovision Solutions Corp.    COM              55611C108     2431   111440 SH       Sole                   111440
Magellan Health Svcs Inc.      COM              559079207     1152    35100 SH       Sole                    32900              2200
Maidenform Brands Inc.         COM              560305104      354    30900 SH       Sole                    30900
Manhattan Associates Inc.      COM              562750109     2224   122061 SH       Sole                   120511              1550
Manitowoc Co.                  COM              563571108     6746  1282481 SH       Sole                  1271331             11150
Marlin Business Svcs Corp.     COM              571157106      697   124394 SH       Sole                   124394
Martek Biosciences Corp.       COM              572901106     4151   196288 SH       Sole                   194738              1550
Marvell Tech Grp Ltd.          COM              G5876H105      189    16250 SH       Sole                    15755               495
Maximus Inc.                   COM              577933104     3465    83990 SH       Sole                    81040              2950
MB Finl Inc.                   COM              55264U108     5486   538375 SH       Sole                   533175              5200
McDermott Intl Inc.            COM              580037109     2126   104665 SH       Sole                   104665
MDU Res Grp Inc.               COM              552690109     5438   286657 SH       Sole                   254795             31862
Meadowbrook Insurance Grp Inc. COM              58319P108     5569   852790 SH       Sole                   843840              8950
MedCath Corp.                  COM              58404W109     4652   395579 SH       Sole                   395579
Medical Pptys Trust Inc.       COM              58463J304     3056   503484 SH       Sole                   495884              7600
Medifast Inc.                  COM              58470H101    10395   907056 SH       Sole                   861396             45660
Mediware Information Sys Inc.  COM              584946107      125    20355 SH       Sole                    20355
Memsic Inc.                    COM              586264103      150    35350 SH       Sole                    35350
Mentor Graphics Corp.          COM              587200106     4390   802515 SH       Sole                   795315              7200
Mercury Computer Systems Inc.  COM              589378108     3926   424455 SH       Sole                   423789               666
Merit Medical Systems Inc.     COM              589889104     1212    74385 SH       Sole                    69730              4655
Methode Electronics Inc.       COM              591520200     5872   836425 SH       Sole                   825975             10450
MFA Finl Inc.                  COM              55272X102     3122   451100 SH       Sole                   451100
MGE Energy Inc.                COM              55277P104     1694    50500 SH       Sole                    50500
Micrel Inc.                    COM              594793101      836   114250 SH       Sole                   107110              7140
Micron Tech Inc.               COM              595112103     4756   939957 SH       Sole                   909801             30156
Microtune Inc.                 COM              59514P109      408   174192 SH       Sole                   164485              9707
Mid-America Apmt Cmtys Inc.    COM              59522J103     7460   203205 SH       Sole                   200755              2450
Midas Inc.                     COM              595626102      111    10600 SH       Sole                    10600
Middlesex Water Co.            COM              596680108     1364    94389 SH       Sole                    85739              8650
Modine MFG Co.                 COM              607828100      117    24300 SH       Sole                    24300
Monro Muffler Brake Inc.       COM              610236101     1553    60400 SH       Sole                    56950              3450
Montpelier Re Hldgs Ltd.       COM              G62185106      802    60375 SH       Sole                    56835              3540
Moog Inc. (Cl A)               CLA              615394202     6707   259842 SH       Sole                   257230              2612
Movado Grp Inc.                COM              624580106      437    41488 SH       Sole                    40938               550
Myers Industries Inc.          COM              628464109     1674   201250 SH       Sole                   188685             12565
Mylan Inc.                     COM              628530107     5787   443443 SH       Sole                   443443
Nash Finch Co.                 COM              631158102     4708   173992 SH       Sole                   173992
Natco Grp Inc.                 CLA              63227W203      461    14000 SH       Sole                    14000
National Dentex Corp.          COM              63563H109      854   131123 SH       Sole                   131123
National Finl Partners Corp.   COM              63607P208     3631   496099 SH       Sole                   496099
National Health Investors Inc. COM              63633D104     4870   182338 SH       Sole                   180038              2300
National Penn Bancshares Inc.  COM              637138108     1181   256112 SH       Sole                   256112
National Presto Industries Inc COM              637215104     4009    52687 SH       Sole                    50587              2100
National Retail Pptys Inc.     COM              637417106     2701   155705 SH       Sole                   154655              1050
NCI Building Systems Inc.      COM              628852105      165    62500 SH       Sole                    62500
NCR Corp.                      COM              62886E108     1683   142300 SH       Sole                   138400              3900
Netezza Corp.                  COM              64111N101     1718   206470 SH       Sole                   193610             12860
Netflix Inc.                   COM              64110L106     1975    47770 SH       Sole                    44870              2900
NETGEAR Inc.                   COM              64111Q104     3822   265217 SH       Sole                   256642              8575
NetLogic Microsystems Inc.     COM              64118B100     1767    48455 SH       Sole                    45420              3035
NetScout Systems Inc.          COM              64115T104      921    98200 SH       Sole                    98200
NeuStar Inc. (Cl A)            CLA              64126X201     8114   366155 SH       Sole                   344985             21170
Neutral Tandem Inc.            COM              64128B108     2316    78460 SH       Sole                    78460
Nevada Gold & Casinos Ltd.     COM              64126Q206      581   430667 SH       Sole                   430667
New York & Co. Inc.            COM              649295102     1545   500000 SH       Sole                   500000
NewAlliance Bancshares Inc.    COM              650203102     5548   482406 SH       Sole                   448006             34400
Newport Corp.                  COM              651824104      203    35000 SH       Sole                    35000
NewStar Finl Inc.              COM              65251F105     2034  1064981 SH       Sole                  1053131             11850
NGP Capital Res Co.            COM              62912R107      993   169095 SH       Sole                   169095
Norfolk Southern Corp.         COM              655844108     1398    37124 SH       Sole                    33499              3625
North American Galvanizing & C COM              65686Y109       78    12900 SH       Sole                    12900
North American Palladium Ltd.  COM              656912102      262   107649 SH       Sole                   107649
Northrim BanCorp Inc.          COM              666762109     1743   125207 SH       Sole                   125207
Northwest Natural Gas Co.      COM              667655104      886    20000 SH       Sole                    18700              1300
NovaMed Inc.                   COM              66986W108     1838   465439 SH       Sole                   451940             13499
Nutraceutical Intl Corp.       COM              67060Y101      302    29102 SH       Sole                    29102
Nymagic Inc.                   COM              629484106     1809   130335 SH       Sole                   130335
O'Charley's Inc.               COM              670823103     4337   468848 SH       Sole                   468848
O.I. Corp.                     COM              670841105      176    32543 SH       Sole                    32543
O2Micro Intl Ltd.              ADR              67107W100     1204   240853 SH       Sole                   240853
Oil States Intl Inc.           COM              678026105     8970   370512 SH       Sole                   366262              4250
Old Dominion Fght Lines Inc.   COM              679580100     4673   139196 SH       Sole                   137346              1850
Old National Bancorp           COM              680033107      196    20000 SH       Sole                    18700              1300
Olin Corp.                     COM              680665205     1189   100000 SH       Sole                   100000
Olympic Steel Inc.             COM              68162K106     1820    74375 SH       Sole                    71770              2605
Omega Protein Corp.            COM              68210P107     1564   385164 SH       Sole                   375614              9550
OMNOVA Solutions Inc.          COM              682129101      652   200000 SH       Sole                   200000
ON Semiconductor Corp.         COM              682189105      647    94346 SH       Sole                    94346
Oplink Communications Inc.     COM              68375Q403     8458   741886 SH       Sole                   702586             39300
Opnext Inc.                    COM              68375V105      521   243616 SH       Sole                   243616
Optical Cable Corp.            COM              683827208      316   105135 SH       Sole                   105135
Orasure Technologies Inc.      COM              68554V108       34    13617 SH       Sole                    13617
Orbital Sciences Corp.         COM              685564106     1254    82691 SH       Sole                    82691
Orthofix Intl N.V.             COM              N6748L102     7709   308241 SH       Sole                   308241
Orthovita Inc.                 COM              68750U102     1949   376970 SH       Sole                   353433             23537
Osage Bancshares Inc.          COM              68764U106     1056   137194 SH       Sole                   137194
Oshkosh Corp.                  COM              688239201     9575   658531 SH       Sole                   651896              6635
OSI Systems Inc.               COM              671044105     6498   311674 SH       Sole                   285149             26525
Otter Tail Corp.               COM              689648103     4609   211050 SH       Sole                   208600              2450
Owens & Minor Inc.             COM              690732102     9774   223060 SH       Sole                   216865              6195
Pacer Intl Inc.                COM              69373H106      650   291400 SH       Sole                   291400
Pacific Mercantile Bancorp     COM              694552100      462   108239 SH       Sole                   108239
Pacific Premier Bancorp Inc.   COM              69478X105      985   205261 SH       Sole                   178431             26830
Pacific Sunwear of California  COM              694873100     9797  2898585 SH       Sole                  2880685             17900
PacWest Bancorp.               COM              695263103     4206   319577 SH       Sole                   315477              4100
Papa John's Intl Inc.          COM              698813102     1195    48215 SH       Sole                    45420              2795
Parametric Tech Corp.          COM              699173209     2950   252370 SH       Sole                   231560             20810
Patterson Cos. Inc.            COM              703395103     1310    60375 SH       Sole                    54427              5948
PDI Inc.                       COM              69329V100     1346   328297 SH       Sole                   328297
Penford Corp.                  COM              707051108     2759   476450 SH       Sole                   476450
Penn Virginia Corp.            COM              707882106     4624   282494 SH       Sole                   272969              9525
PennantPark Investment Corp.   COM              708062104      659    92817 SH       Sole                    92817
Pennichuck Corp.               COM              708254206     1780    78050 SH       Sole                    73450              4600
Peoples Bancorp Inc. (Ohio)    COM              709789101     3226   189199 SH       Sole                   186749              2450
Pepco Hldgs Inc.               COM              713291102     1411   104982 SH       Sole                    94601             10381
Pericom Semiconductor Corp.    COM              713831105     2597   308463 SH       Sole                   303790              4673
Perrigo Co.                    COM              714290103     2314    83310 SH       Sole                    77715              5595
Pervasive Software Inc.        COM              715710109      422    69316 SH       Sole                    66538              2778
PG&E Corp.                     COM              69331C108      974    25347 SH       Sole                    22857              2490
PHC Inc. (Cl A)                CLA              693315103       51    36730 SH       Sole                    36730
Phillips-Van Heusen Corp.      COM              718592108    14400   501904 SH       Sole                   491504             10400
Phoscan Chemical Corp.         COM              71921E106      295   856500 SH       Sole                   856500
Piedmont Natural Gas Co.       COM              720186105      723    30000 SH       Sole                    28100              1900
Piper Jaffray Cos.             COM              724078100    14480   331578 SH       Sole                   327448              4130
Pitney Bowes Inc.              COM              724479100     1470    67015 SH       Sole                    60417              6598
Plains Exploration & Prod. Co. COM              726505100     1840    67255 SH       Sole                    63075              4180
Platinum Underwtrs Hldgs Ltd.  COM              G7127P100     1961    68605 SH       Sole                    68605
PNC Finl Svcs Grp Inc.         COM              693475105     1510    38897 SH       Sole                    35181              3716
Polaris Industries Inc.        COM              731068102     1032    32140 SH       Sole                    31740               400
Polycom Inc.                   COM              73172K104     4953   244365 SH       Sole                   222715             21650
Pomeroy IT Solutions Inc.      COM              731822102      378    63150 SH       Sole                    63150
Portec Rail Products Inc.      COM              736212101      704    71437 SH       Sole                    71437
Porter Bancorp Inc.            COM              736233107     3948   260590 SH       Sole                   260590
Portland General Electric Co.  COM              736508847     6262   321450 SH       Sole                   316650              4800
Powell Industries Inc.         COM              739128106     5239   141333 SH       Sole                   129747             11586
Premiere Global Svcs Inc.      COM              740585104    11720  1081137 SH       Sole                  1067357             13780
ProLogis                       COM              743410102     5926   735191 SH       Sole                   722530             12661
Prosperity Bancshares Inc.     COM              743606105     2536    85000 SH       Sole                    79500              5500
Psychiatric Solutions Inc.     COM              74439H108     8142   358046 SH       Sole                   358046
Pulaski Finl Corp.             COM              745548107      268    40643 SH       Sole                    23743             16900
QLT Inc.                       COM              746927102      482   227300 SH       Sole                   227300
Radiant Systems Inc.           COM              75025N102     2975   358381 SH       Sole                   358381
RADVision Ltd.                 COM              M81869105      206    26260 SH       Sole                     7735             18525
Ralcorp Hldgs Inc.             COM              751028101     2436    39980 SH       Sole                    39940                40
Ramco-Gershenson Pptys Trust   COM              751452202      974    97269 SH       Sole                    96032              1237
Raymond James Finl Inc.        COM              754730109     5131   298130 SH       Sole                   289345              8785
Rayonier Inc. REIT             COM              754907103     5086   139914 SH       Sole                   125689             14225
RealNetworks Inc.              COM              75605L104      878   293750 SH       Sole                   277000             16750
Red Lion Hotels Corp.          COM              756764106     1375   286550 SH       Sole                   286550
Red Robin Gourmet Burgers Inc. COM              75689M101     6245   333071 SH       Sole                   330290              2781
Redwood Trust Inc.             COM              758075402      779    52780 SH       Sole                    52780
Regal-Beloit Corp.             COM              758750103    13035   328165 SH       Sole                   324065              4100
Reinsurance Grp of America Inc COM              759351604     1419    40660 SH       Sole                    36666              3994
Renasant Corp.                 COM              75970E107     1183    78745 SH       Sole                    78745
Rent-A-Center Inc.             COM              76009N100      624    35000 SH       Sole                    32750              2250
Republic Airways Hldgs Inc.    COM              760276105      653   100000 SH       Sole                   100000
Res-Care Inc.                  COM              760943100     4019   281048 SH       Sole                   281048
RF Micro Devices Inc.          COM              749941100    10793  2870450 SH       Sole                  2839610             30840
Robbins & Myers Inc.           COM              770196103      394    20475 SH       Sole                    20475
Rock-Tenn Co. (Cl A)           CLA              772739207     4169   109244 SH       Sole                   109244
Rock of Ages Corp.             CLA              772632105      384   192095 SH       Sole                   192095
Rockwood Hldgs Inc.            COM              774415103     5278   360513 SH       Sole                   355963              4550
Rofin-Sinar Technologies Inc.  COM              775043102     2867   143286 SH       Sole                   128321             14965
Rollins Inc.                   COM              775711104     4084   235943 SH       Sole                   209908             26035
Rowan Cos. Inc.                COM              779382100     1951   101000 SH       Sole                   101000
Sanderson Farms Inc.           COM              800013104     8330   185111 SH       Sole                   182761              2350
Sandy Spring Bancorp Inc.      COM              800363103     3706   252119 SH       Sole                   249019              3100
SCANA Corp.                    COM              80589M102      908    27968 SH       Sole                    25268              2700
ScanSource Inc.                COM              806037107     6050   246753 SH       Sole                   243603              3150
SCBT Finl Corp.                COM              78401V102     2120    89501 SH       Sole                    88001              1500
Scripps Ntwks Interactive Inc. CLA              811065101     1328    47717 SH       Sole                    43018              4699
Seagate Tech Shs               COM              G7945J104     2053   196250 SH       Sole                   196250
Selectica Inc.                 COM              816288104      779  1855782 SH       Sole                  1760299             95483
Seneca Foods Corp. (Cl A)      CLA              817070501      668    20000 SH       Sole                    20000
Sensient Technologies Corp.    COM              81725T100     2634   116705 SH       Sole                   116705
Sepracor Inc.                  COM              817315104      970    55925 SH       Sole                    52425              3500
Shoe Carnival Inc.             COM              824889109      484    40599 SH       Sole                    38306              2293
SIFCO Industries Inc.          COM              826546103     1654   156899 SH       Sole                   156899
Sigma-Aldrich Corp.            COM              826552101     1222    24661 SH       Sole                    22211              2450
Silgan Hldgs Inc.              COM              827048109      790    16120 SH       Sole                    16120
Skechers USA Inc. (Cl A)       CLA              830566105     3611   369650 SH       Sole                   369650
SkillSoft PLC (ADS)            ADR              830928107      819   105000 SH       Sole                   105000
SkyWest Inc.                   COM              830879102     2894   283683 SH       Sole                   283683
SMART Modular Tech (WWH) Inc.  COM              G82245104      256   112800 SH       Sole                   112800
Smith Intl Inc.                COM              832110100     1332    51730 SH       Sole                    47003              4727
Smith Micro Software Inc.      COM              832154108     2517   256792 SH       Sole                   241056             15736
Smithtown Bancorp Inc.         COM              832449102      640    50000 SH       Sole                    47150              2850
Solutia Inc.                   COM              834376501     3586   622500 SH       Sole                   622500
Sonic Corp.                    COM              835451105     2891   288201 SH       Sole                   284611              3590
South Finl Grp Inc.            COM              837841105     2031  1706886 SH       Sole                  1689486             17400
South Jersey Industries Inc.   COM              838518108    13019   373143 SH       Sole                   367343              5800
Southwest Bancorp Inc.         COM              844767103     6434   659174 SH       Sole                   650944              8230
Southwest Gas Corp.            COM              844895102     2319   104405 SH       Sole                   101505              2900
Southwest Water Co.            COM              845331107      105    19050 SH       Sole                    19050
Spartan Stores Inc.            COM              846822104     6695   539502 SH       Sole                   536602              2900
Spartech Corp.                 COM              847220209     2025   220300 SH       Sole                   220300
Spectrum Control Inc.          COM              847615101     1908   216848 SH       Sole                   201198             15650
SRA Intl Inc. (Cl A)           CLA              78464R105     1396    79500 SH       Sole                    76100              3400
St. Mary Land & Exploration Co COM              792228108     6603   316385 SH       Sole                   299915             16470
Stage Stores Inc.              COM              85254C305      977    88002 SH       Sole                    70527             17475
Stamford Industrial Grp Inc.   COM              852685205      294   178250 SH       Sole                   146420             31830
Standard Microsystems Corp.    COM              853626109    10216   499551 SH       Sole                   492401              7150
Stanley Furniture Co.          COM              854305208     3370   312338 SH       Sole                   308420              3918
StealthGas Inc.                COM              Y81669106     1271   273252 SH       Sole                   273252
Steel Dynamics Inc.            COM              858119100    10020   677005 SH       Sole                   658849             18156
STERIS Corp.                   COM              859152100     5104   195715 SH       Sole                   179570             16145
Sterling Bancshares Inc.       COM              858907108      711   112307 SH       Sole                   112307
Sterling Finl Corp. (Wash)     COM              859319105     2348   806901 SH       Sole                   796965              9936
Stewart Information Svcs Corp. COM              860372101      528    37050 SH       Sole                    34950              2100
Stifel Finl Corp.              COM              860630102     7945   165218 SH       Sole                   163118              2100
Stoneridge Inc.                COM              86183P102     3684   767503 SH       Sole                   757543              9960
Sucampo Pharmaceuticals Inc.   CLA              864909106      323    52425 SH       Sole                    49135              3290
SunLink Health Systems Inc.    COM              86737U102      313   144400 SH       Sole                   144400
Super Micro Computer Inc.      COM              86800U104     1370   178799 SH       Sole                   174349              4450
Supertel Hospitality Inc.      COM              868526104      464   255000 SH       Sole                   255000
SUPERVALU Inc.                 COM              868536103     6431   496633 SH       Sole                   496633
Sykes Enterprises Inc.         COM              871237103     6233   344555 SH       Sole                   311040             33515
Symmetricom Inc.               COM              871543104       59    10300 SH       Sole                    10300
Symmetry Medical Inc.          COM              871546206     5258   564135 SH       Sole                   564135
Synaptics Inc.                 COM              87157D109     5134   132822 SH       Sole                   128062              4760
Synergetics USA Inc.           COM              87160G107       38    31250 SH       Sole                    31250
Syniverse Hldgs Inc.           COM              87163F106     6489   404812 SH       Sole                   401832              2980
Synovus Finl Corp.             COM              87161C105     2243   750000 SH       Sole                   740400              9600
Syntel Inc.                    COM              87162H103     1056    33602 SH       Sole                    31512              2090
Sypris Solutions Inc.          COM              871655106      354   292150 SH       Sole                   292150
Sysco Corp.                    COM              871829107     1228    54608 SH       Sole                    49278              5330
Take-Two Interactive Software  COM              874054109     7562   798565 SH       Sole                   790800              7765
TBS Intl Ltd. (Cl A)           CLA              G86975151     3128   400500 SH       Sole                   400500
Tech Data Corp.                COM              878237106    17352   530483 SH       Sole                   523833              6650
Techne Corp.                   COM              878377100     4054    63540 SH       Sole                    62840               700
Technitrol Inc.                COM              878555101     4365   674710 SH       Sole                   666560              8150
Techwell Inc.                  COM              87874D101      801    94285 SH       Sole                    88415              5870
TeleCommunication Systems Inc. CLA              87929J103     3229   454100 SH       Sole                   454100
Teledyne Technologies Inc.     COM              879360105     2583    78855 SH       Sole                    77275              1580
Tenet Healthcare Corp.         COM              88033G100      564   200000 SH       Sole                   200000
Terra Industries Inc.          COM              880915103     9355   386265 SH       Sole                   386265
Terremark Worldwide Inc.       COM              881448203     1350   233585 SH       Sole                   219050             14535
Tessco Technologies Inc.       COM              872386107      950    87942 SH       Sole                    87942
Tetra Technologies Inc.        COM              88162F105      836   104995 SH       Sole                    98470              6525
Texas Capital Bancshares Inc.  COM              88224Q107     2430   157090 SH       Sole                   157090
The Hanover Insurance Grp Inc. COM              410867105    12052   316246 SH       Sole                   309889              6357
The Providence Service Corp.   COM              743815102     5768   526739 SH       Sole                   526739
Thoratec Corp.                 COM              885175307     5982   223375 SH       Sole                   216395              6980
THQ Inc.                       COM              872443403     4661   651044 SH       Sole                   642877              8167
Tier Technologies Inc.         COM              88650Q100     4723   611745 SH       Sole                   576845             34900
Tiffany & Co.                  COM              886547108      790    31152 SH       Sole                    28085              3067
TJX Cos.                       COM              872540109      864    27464 SH       Sole                    24706              2758
Toll Brothers Inc.             COM              889478103      983    57918 SH       Sole                    52092              5826
Toro Co.                       COM              891092108     9314   311509 SH       Sole                   308109              3400
Tractor Supply Co.             COM              892356106     8756   211905 SH       Sole                   196790             15115
TransAct Technologies Inc.     COM              892918103      852   171145 SH       Sole                   171145
TransDigm Grp Inc.             COM              893641100     1032    28520 SH       Sole                    26920              1600
TreeHouse Foods Inc.           COM              89469A104     8205   285205 SH       Sole                   264865             20340
Triangle Petroleum Corp.       COM              89600B102       45   254692 SH       Sole                   254692
Trico Marine Svcs Inc.         COM              896106200      321    94222 SH       Sole                    94222
Trimble Navigation Ltd.        COM              896239100     7483   381220 SH       Sole                   344144             37076
Trinity Biotech PLC            ADR              896438306     1372   310500 SH       Sole                   310500
TriQuint Semiconductor Inc.    COM              89674K103     8374  1576990 SH       Sole                  1547695             29295
Triumph Grp Inc.               COM              896818101      386     9645 SH       Sole                     9645
True Religion Apparel Inc.     COM              89784N104     1590    71290 SH       Sole                    66855              4435
Trustmark Corp.                COM              898402102      338    17500 SH       Sole                    16350              1150
TTM Technologies Inc.          COM              87305R109     4227   531086 SH       Sole                   531086
Tutor Perini Corp.             COM              901109108     4113   236900 SH       Sole                   236900
U-Store-It-Trust               COM              91274F104      980   200000 SH       Sole                   200000
U.S. Concrete Inc.             COM              90333L102     1730   873720 SH       Sole                   863470             10250
UFP Technologies Inc.          COM              902673102       53    12600 SH       Sole                    12600
UIL Hldgs Corp.                COM              902748102     1347    60000 SH       Sole                    56150              3850
Ultralife Corp.                COM              903899102       86    11985 SH       Sole                    11985
Ultrapetrol (Bahamas) Ltd.     COM              P94398107     1045   236000 SH       Sole                   236000
UMB Finl Corp.                 COM              902788108     8383   220551 SH       Sole                   201538             19013
Unisys Corp.                   COM              909214108     4664  3088615 SH       Sole                  2987040            101575
Unit Corp.                     COM              909218109      643    23325 SH       Sole                    23325
United America Indemnity Ltd.  CLA              90933T109     2441   509606 SH       Sole                   509606
United Bankshares Inc.         COM              909907107      830    42500 SH       Sole                    39750              2750
United Finl Bancorp Inc.       COM              91030T109     1136    82200 SH       Sole                    82200
United Online Inc.             COM              911268100      762   117000 SH       Sole                   110300              6700
United Therapeutics Corp.      COM              91307C102     7373    88480 SH       Sole                    85980              2500
Unitil Corp.                   COM              913259107     5232   253750 SH       Sole                   243100             10650
Universal Health Svcs Inc.     CLB              913903100     9049   185250 SH       Sole                   183600              1650
Unum Group                     COM              91529Y106     1191    75096 SH       Sole                    67776              7320
Urstadt Biddle Pptys Inc.      CLA              917286205     7388   524750 SH       Sole                   524750
Valassis Communications Inc.   COM              918866104     9497  1554365 SH       Sole                  1554365
Valmont Industries Inc.        COM              920253101     5946    82495 SH       Sole                    81495              1000
Varian Inc.                    COM              922206107     7324   185735 SH       Sole                   172455             13280
Vectren Corp.                  COM              92240G101     6118   261125 SH       Sole                   256075              5050
Venoco Inc.                    COM              92275P307     8676  1131140 SH       Sole                  1123238              7902
Verigy Ltd.                    COM              Y93691106     6941   569424 SH       Sole                   562274              7150
VF Corp.                       COM              918204108     1383    24986 SH       Sole                    22526              2460
ViaSat Inc.                    COM              92552V100    10929   426236 SH       Sole                   415687             10549
Vicon Industries Inc.          COM              925811101       75    12862 SH       Sole                    12862
Virage Logic Corp.             COM              92763R104     1893   420673 SH       Sole                   390954             29719
Wabtec                         COM              929740108    10670   331680 SH       Sole                   315000             16680
Warnaco Grp Inc.               COM              934390402    10175   314057 SH       Sole                   301857             12200
Washington Federal Inc.        COM              938824109     9161   704675 SH       Sole                   689225             15450
Washington Real Estate Invt Tr COM              939653101    11355   507613 SH       Sole                   488623             18990
Waste Connections Inc.         COM              941053100      927    35790 SH       Sole                    33855              1935
Waste Svcs Inc.                COM              941075202      687   132697 SH       Sole                   132697
Waters Corp.                   COM              941848103     3179    61755 SH       Sole                    59232              2523
WCA Waste Corp.                COM              92926K103      761   201409 SH       Sole                   201409
Weingarten Realty Investors    COM              948741103     1016    70000 SH       Sole                    70000
Wendy's/Arby's Grp Inc.        COM              950587105      300    75000 SH       Sole                    70200              4800
Westar Energy Inc.             COM              95709T100    16824   896347 SH       Sole                   888297              8050
Westfield Finl Inc.            COM              96008P104     1950   215227 SH       Sole                   210589              4638
Wet Seal Inc. (Cl A)           CLA              961840105     1842   600000 SH       Sole                   600000
WGL Hldgs Inc.                 COM              92924F106      560    17500 SH       Sole                    16350              1150
White Mountains Insurance Grp  COM              G9618E107     1250     5461 SH       Sole                     4923               538
Whiting Petroleum Corp.        COM              966387102    14411   409871 SH       Sole                   404851              5020
Whitney Hldg Corp.             COM              966612103     2627   286779 SH       Sole                   281379              5400
WHX Corp.                      COM              929248607      514   197870 SH       Sole                   178084             19786
WMS Industries Inc.            COM              929297109     3697   117325 SH       Sole                   117325
Wolverine World Wide Inc.      COM              978097103     9626   436355 SH       Sole                   431438              4917
Woodward Governor Co.          COM              980745103     4711   237907 SH       Sole                   216832             21075
WPCS Intl Inc.                 COM              92931L203      896   275820 SH       Sole                   275820
Wright Medical Grp Inc.        COM              98235T107     4392   270130 SH       Sole                   245985             24145
WSFS Finl Corp.                COM              929328102      759    27800 SH       Sole                    26200              1600
Xcel Energy Inc.               COM              98389B100     1586    86169 SH       Sole                    77693              8476
York Water Co.                 COM              987184108     2067   134765 SH       Sole                   127415              7350
Zagg Inc.                      COM              98884U108      982   142320 SH       Sole                   135650              6670
Zebra Technologies Corp.       CLA              989207105     2098    88670 SH       Sole                    83160              5510
Zenith National Insurance Corp COM              989390109     3685   169514 SH       Sole                   167414              2100
ZiLOG Inc.                     COM              989524301      127    53178 SH       Sole                    53178
Zimmer Hldgs Inc.              COM              98956P102     1097    25744 SH       Sole                    23173              2571
Zoll Medical Corp.             COM              989922109     8008   414040 SH       Sole                   387490             26550
Zoran Corp.                    COM              98975F101     1612   147876 SH       Sole                   144426              3450
Kohlberg Capital Corp RT       RT               500233119        0    38959 SH       Sole                    38959
Conseco Inc.                   CONV             208464BH9     1141  2215000 PRN      Sole                  2058000            157000
Gencorp Inc.                   CONV             368682AL4     2966  6100000 PRN      Sole                  5735000            365000
NCI Building Sys Inc.          CONV             628852AG0     5125  8334000 PRN      Sole                  8334000
Providence Svc Corp.           CONV             743815AB8      635  1000000 PRN      Sole                   935600             64400
</TABLE>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>