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Raeburn Advisers, LLC
> RIO
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2008 | COMPANHIA VALE DO RIO DOCE /FI | RIO | 42,000 | 37,500 | 1,504,000 | 1,357,000 | $35.81 |
| 12/31/2007 | COMPANHIA VALE DO RIO DOCE /FI | RIO | 4,500 | -2,500 | 147,000 | -91,000 | $32.67 |
| 09/30/2007 | COMPANHIA VALE DO RIO DOCE /FI | RIO | 7,000 | 7,000 | 238,000 | 238,000 | $34.00 |
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