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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CAESARS COM 127686103 33,062,000 2,835,486 SH   DFND   2,835,486 0 0
CAESARS NOTE5 127686AA1 88,386,000 51,931,000 PRN   DFND   51,931,000 0 0
CYPRESS COM 232806109 122,030,000 5,228,342 SH   DFND   5,228,342 0 0
TALLGRAS CLASS 874696107 27,918,000 1,386,178 SH   DFND   1,386,178 0 0
WELLCARE COM 94946T106 232,639,000 897,629 SH   DFND   897,629 0 0