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

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: September 30, 2008

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

Institutional Investment Manager Filing this Report:

Name:    Value Line Inc
Address: 220 East 42nd Street
         New York, NY  10017

13F File Number:  28-00401

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:      David Henigson
Title:     Vice President
Phone:     212-907-1600

Signature, Place, and Date of Signing:

     /s/ David Henigson     New York, NY     October 27, 2008

Report Type (Check only one.):

[ X]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[  ]         13F COMBINATION REPORT.



                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:         0

Form13F Information Table Entry Total:     995

Form13F Information Table Value Total:     $2,575,674 (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.

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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
A D C TELECOMMUNICATIONS       FRNT 6/1         000886AB7      110   150000 PRN      DEFINED                     0   150000        0
AAR CORP                       COM              000361105      853    51400 SH       DEFINED                     0    51400        0
AAR CORP                       NOTE 1.750% 2/0  000361AH8     1020  1250000 PRN      DEFINED                     0  1250000        0
AARON RENTS INC                COM              002535201     1031    38100 SH       DEFINED                     0    38100        0
ABAXIS INC                     COM              002567105      361    18300 SH       DEFINED                     0    18300        0
ABB LTD                        SPONSORED ADR    000375204     1649    85000 SH       DEFINED                     0    85000        0
ABBOTT LABS                    COM              002824100     2591    45000 SH       DEFINED                     0    45000        0
ABERCROMBIE & FITCH CO         CL A             002896207      536    15000 SH       DEFINED                     0    15000        0
ACCENTURE LTD BERMUDA          CL A             G1150G111     9511   250300 SH       DEFINED                     0   250300        0
ACE LTD                        SHS              H0023R105     2114    39050 SH       DEFINED                     0    38500      550
ACTUANT CORP                   CL A NEW         00508X203     1444    57200 SH       DEFINED                     0    57200        0
ACUITY BRANDS INC              COM              00508Y102     6272   150200 SH       DEFINED                     0   150200        0
ADOBE SYS INC                  COM              00724F101     2289    58000 SH       DEFINED                     0    58000        0
ADVANCE AUTO PARTS INC         COM              00751Y106     3391    85500 SH       DEFINED                     0    85500        0
ADVANCED MICRO DEVICES INC     NOTE 6.000% 5/0  007903AL1       73   150000 PRN      DEFINED                     0   150000        0
ADVENT SOFTWARE INC            COM              007974108     3220    91400 SH       DEFINED                     0    91400        0
AEROPOSTALE                    COM              007865108    10506   327200 SH       DEFINED                     0   327200        0
AFFILIATED COMPUTER SERVICES   CL A             008190100     1018    20000 SH       DEFINED                     0    20000        0
AFFILIATED MANAGERS GROUP      COM              008252108     3326    40145 SH       DEFINED                     0    40100       45
AFLAC INC                      COM              001055102     3754    63900 SH       DEFINED                     0    63900        0
AGCO CORP                      NOTE 1.250%12/1  001084AM4       62    50000 PRN      DEFINED                     0    50000        0
AGERE SYS INC                  NOTE 6.500%12/1  00845VAA8     1921  1900000 PRN      DEFINED                     0  1900000        0
AGILENT TECHNOLOGIES INC       COM              00846U101     2373    80000 SH       DEFINED                     0    80000        0
AGL RES INC                    COM              001204106     1939    61800 SH       DEFINED                     0    61800        0
AGRIUM INC                     COM              008916108     5159    92000 SH       DEFINED                     0    92000        0
AIR METHODS CORP               COM PAR $.06     009128307      320    11300 SH       DEFINED                     0    11300        0
AIR PRODS & CHEMS INC          COM              009158106     2466    36000 SH       DEFINED                     0    36000        0
AIRGAS INC                     COM              009363102    10625   214000 SH       DEFINED                     0   214000        0
ALASKA COMMUNICATIONS SYS GR   COM              01167P101     1629   133200 SH       DEFINED                     0   133200        0
ALBEMARLE CORP                 COM              012653101     6112   198200 SH       DEFINED                     0   198200        0
ALCOA INC                      COM              013817101      428    20000 SH       DEFINED                     0    20000        0
ALCON INC                      COM SHS          H01301102     8980    55600 SH       DEFINED                     0    55600        0
ALEXION PHARMACEUTICALS INC    COM              015351109     9381   238700 SH       DEFINED                     0   238700        0
ALLEGHENY TECHNOLOGIES INC     COM              01741R102     1933    65400 SH       DEFINED                     0    65400        0
ALLERGAN INC                   COM              018490102     2544    49400 SH       DEFINED                     0    49400        0
ALLERGAN INC                   NOTE 1.500% 4/0  018490AL6      259   250000 PRN      DEFINED                     0   250000        0
ALLETE INC                     COM NEW          018522300     1313    30000 SH       DEFINED                     0    30000        0
ALLIANCE DATA SYSTEMS CORP     COM              018581108     5603    88400 SH       DEFINED                     0    88400        0
ALLIANCE RES PARTNER L P       UT LTD PART      01877R108      590    20000 SH       DEFINED                     0    20000        0
ALLIANCEBERNSTEIN HOLDING LP   UNIT LTD PARTN   01881G106      460    12000 SH       DEFINED                     0    12000        0
ALLIANT TECHSYSTEMS INC        COM              018804104     4894    52100 SH       DEFINED                     0    52000      100
ALLIANT TECHSYSTEMS INC        NOTE 2.750% 2/1  018804AH7      365   300000 PRN      DEFINED                     0   300000        0
ALLIED WASTE INDS INC          SDCV 4.250% 4/1  019589AD2     1126  1200000 PRN      DEFINED                     0  1200000        0
ALMOST FAMILY INC              COM              020409108      237     6000 SH       DEFINED                     0     6000        0
ALNYLAM PHARMACEUTICALS INC    COM              02043Q107     1340    46300 SH       DEFINED                     0    46300        0
ALTERA CORP                    COM              021441100     3392   164000 SH       DEFINED                     0   164000        0
ALTRIA GROUP INC               COM              02209S103      322    16240 SH       DEFINED                     0    16000      240
ALZA CORP                      SDCV 7/2         02261WAB5      288   300000 PRN      DEFINED                     0   300000        0
AMAG PHARMACEUTICALS INC       COM              00163U106     1545    39900 SH       DEFINED                     0    39900        0
AMAZON COM INC                 COM              023135106     4999    68700 SH       DEFINED                     0    68700        0
AMCOL INTL CORP                COM              02341W103     2679    85700 SH       DEFINED                     0    85700        0
AMDOCS LTD                     NOTE 0.500% 3/1  02342TAD1      146   150000 PRN      DEFINED                     0   150000        0
AMEDISYS INC                   COM              023436108     9200   189033 SH       DEFINED                     0   188633      400
AMERCO                         COM              023586100     1182    28200 SH       DEFINED                     0    28200        0
AMERICAN EAGLE OUTFITTERS NE   COM              02553E106      219    15000 SH       DEFINED                     0    13500     1500
AMERICAN ECOLOGY CORP          COM NEW          025533407     4259   154100 SH       DEFINED                     0   154100        0
AMERICAN ELEC PWR INC          COM              025537101     1284    35000 SH       DEFINED                     0    35000        0
AMERICAN EQTY INVT LIFE HLD    NOTE 5.250%12/0  025676AE7      185   250000 PRN      DEFINED                     0   250000        0
AMERICAN EXPRESS CO            COM              025816109      721    21975 SH       DEFINED                     0    21200      775
AMERICAN FINL GROUP INC OHIO   COM              025932104     3303   113500 SH       DEFINED                     0   113500        0
AMERICAN MED SYS HLDGS INC     COM              02744M108     3428   193000 SH       DEFINED                     0   193000        0
AMERICAN PHYSICIANS CAPITAL    COM              028884104      535    12650 SH       DEFINED                     0    12650        0
AMERICAN STS WTR CO            COM              029899101     1752    47300 SH       DEFINED                     0    47300        0
AMERICAN TOWER CORP            CL A             029912201     7704   214167 SH       DEFINED                     0   214167        0
AMERICAN TOWER CORP            NOTE 3.000% 8/1  029912AR3      177   100000 PRN      DEFINED                     0   100000        0
AMERIGON INC                   COM              03070L300      170    25800 SH       DEFINED                     0    25800        0
AMERIPRISE FINL INC            COM              03076C106      745    20700 SH       DEFINED                     0    20700        0
AMERON INTL INC                COM              030710107     3704    51700 SH       DEFINED                     0    51700        0
AMETEK INC NEW                 COM              031100100    10135   248600 SH       DEFINED                     0   248600        0
AMGEN INC                      COM              031162100     2441    41190 SH       DEFINED                     0    40000     1190
AMGEN INC                      NOTE 0.375% 2/0  031162AQ3     1493  1700000 PRN      DEFINED                     0  1700000        0
AMPCO-PITTSBURGH CORP          COM              032037103     1080    41700 SH       DEFINED                     0    41700        0
AMPHENOL CORP NEW              CL A             032095101    11392   283800 SH       DEFINED                     0   283800        0
ANADARKO PETE CORP             COM              032511107      972    21400 SH       DEFINED                     0    20250     1150
ANALOG DEVICES INC             COM              032654105      379    15000 SH       DEFINED                     0    15000        0
ANGLOGOLD ASHANTI LTD          SPONSORED ADR    035128206      610    27006 SH       DEFINED                     0    27006        0
ANIXTER INTL INC               COM              035290105     7510   126200 SH       DEFINED                     0   126200        0
ANIXTER INTL INC               NOTE 7/0         035290AG0      181   200000 PRN      DEFINED                     0   200000        0
ANNTAYLOR STORES CORP          COM              036115103      373    18240 SH       DEFINED                     0    17000     1240
ANSYS INC                      COM              03662Q105    10314   272358 SH       DEFINED                     0   272358        0
APACHE CORP                    COM              037411105     3012    29300 SH       DEFINED                     0    29000      300
APOLLO GROUP INC               CL A             037604105     2918    50000 SH       DEFINED                     0    50000        0
APPLE INC                      COM              037833100     2871    26000 SH       DEFINED                     0    26000        0
APPLIED INDL TECHNOLOGIES IN   COM              03820C105     2040    75750 SH       DEFINED                     0    75750        0
APTARGROUP INC                 COM              038336103     6641   169800 SH       DEFINED                     0   169800        0
ARACRUZ CELULOSE S A           SPON ADR PFD B   038496204     1542    42000 SH       DEFINED                     0    42000        0
ARBITRON INC                   COM              03875Q108     4371    97800 SH       DEFINED                     0    97800        0
ARCH CAP GROUP LTD             ORD              G0450A105     5346    73200 SH       DEFINED                     0    73200        0
ARCH CHEMICALS INC             COM              03937R102      349    10000 SH       DEFINED                     0    10000        0
ARCHER DANIELS MIDLAND CO      COM              039483102      536    26080 SH       DEFINED                     0    25000     1080
ARCHER DANIELS MIDLAND CO      NOTE 0.875% 2/1  039483AW2      202   250000 PRN      DEFINED                     0   250000        0
ARENA RESOURCES INC            COM              040049108     4639   119400 SH       DEFINED                     0   119400        0
ARIBA INC                      COM NEW          04033V203      763    49700 SH       DEFINED                     0    49700        0
ARTHROCARE CORP                COM              043136100     1533    55300 SH       DEFINED                     0    55300        0
ARVINMERITOR INC               NOTE 4.625% 3/0  043353AF8      121   150000 PRN      DEFINED                     0   150000        0
ASSURANT INC                   COM              04621X108     3223    58600 SH       DEFINED                     0    58600        0
AT&T INC                       COM              00206R102      370    13300 SH       DEFINED                     0    12000     1300
ATHEROS COMMUNICATIONS INC     COM              04743P108     4888   207300 SH       DEFINED                     0   207300        0
ATLANTIC TELE NETWORK INC      COM NEW          049079205      344    12300 SH       DEFINED                     0    12300        0
ATLAS AMER INC                 COM              049167109     2296    67325 SH       DEFINED                     0    67325        0
ATP OIL & GAS CORP             COM              00208J108      178    10000 SH       DEFINED                     0    10000        0
ATWOOD OCEANICS INC            COM              050095108     1529    42000 SH       DEFINED                     0    42000        0
AUDIOCODES LTD                 ORD              M15342104       87    35000 SH       DEFINED                     0    35000        0
AUTOLIV INC                    COM              052800109     2401    71000 SH       DEFINED                     0    71000        0
AUTOMATIC DATA PROCESSING IN   COM              053015103     2180    51000 SH       DEFINED                     0    51000        0
AUTOZONE INC                   COM              053332102     1307    10600 SH       DEFINED                     0    10600        0
AUXILIUM PHARMACEUTICALS INC   COM              05334D107     4053   125100 SH       DEFINED                     0   125100        0
AVALONBAY CMNTYS INC           COM              053484101      905     9200 SH       DEFINED                     0     9200        0
AVI BIOPHARMA INC              COM              002346104       12    10000 SH       DEFINED                     0    10000        0
AVID TECHNOLOGY INC            COM              05367P100      718    30000 SH       DEFINED                     0    30000        0
AVNET INC                      DBCV 2.000% 3/1  053807AL7      149   150000 PRN      DEFINED                     0   150000        0
AVON PRODS INC                 COM              054303102     4693   112900 SH       DEFINED                     0   112900        0
AVX CORP NEW                   COM              002444107      205    20000 SH       DEFINED                     0    20000        0
AXIS CAPITAL HOLDINGS          SHS              G0692U109      412    13000 SH       DEFINED                     0    13000        0
AXSYS TECHNOLOGIES INC         COM              054615109     3713    63000 SH       DEFINED                     0    63000        0
AZZ INC                        COM              002474104     5200   125700 SH       DEFINED                     0   125700        0
BADGER METER INC               COM              056525108     2390    50900 SH       DEFINED                     0    50900        0
BAKER HUGHES INC               COM              057224107     1937    32000 SH       DEFINED                     0    32000        0
BAKER MICHAEL CORP             COM              057149106      411    11800 SH       DEFINED                     0    11800        0
BALDOR ELEC CO                 COM              057741100      506    18000 SH       DEFINED                     0    18000        0
BALL CORP                      COM              058498106      829    21000 SH       DEFINED                     0    21000        0
BALLY TECHNOLOGIES INC         COM              05874B107     2392    79000 SH       DEFINED                     0    79000        0
BANCO BILBAO VIZCAYA ARGENTA   SPONSORED ADR    05946K101     2523   156000 SH       DEFINED                     0   156000        0
BANCO ITAU HLDG FINANCIERA S   SP ADR 500 PFD   059602201     2866   163750 SH       DEFINED                     0   163750        0
BANCO SANTANDER CHILE NEW      SP ADR REP COM   05965X109      235     5500 SH       DEFINED                     0     5500        0
BANCO SANTANDER SA             ADR              05964H105      901    60000 SH       DEFINED                     0    60000        0
BANCOLOMBIA S A                SPON ADR PREF    05968L102     1280    45000 SH       DEFINED                     0    45000        0
BANK HAWAII CORP               COM              062540109     7857   147000 SH       DEFINED                     0   147000        0
BANK MONTREAL QUE              COM              063671101      573    13300 SH       DEFINED                     0    13300        0
BANK NOVA SCOTIA HALIFAX       COM              064149107     1743    38100 SH       DEFINED                     0    38100        0
BANK OF AMERICA CORPORATION    COM              060505104      974    31630 SH       DEFINED                     0    30250     1380
BANK OF NEW YORK MELLON CORP   COM              064058100      631    23100 SH       DEFINED                     0    22250      850
BARD C R INC                   COM              067383109     8235    86800 SH       DEFINED                     0    86800        0
BARNES GROUP INC               COM              067806109     4277   211500 SH       DEFINED                     0   211500        0
BARR PHARMACEUTICALS INC       COM              068306109      994    16000 SH       DEFINED                     0    16000        0
BARRICK GOLD CORP              COM              067901108      542    14000 SH       DEFINED                     0    14000        0
BAXTER INTL INC                COM              071813109     7032   107311 SH       DEFINED                     0   107311        0
BE AEROSPACE INC               COM              073302101     3714   234600 SH       DEFINED                     0   234600        0
BECTON DICKINSON & CO          COM              075887109     6774    84500 SH       DEFINED                     0    84500        0
BELDEN INC                     COM              077454106     1609    51000 SH       DEFINED                     0    51000        0
BERKLEY W R CORP               COM              084423102      527    22825 SH       DEFINED                     0    22825        0
BERKSHIRE HATHAWAY INC DEL     CL A             084670108      669        5 SH       DEFINED                     0        5        0
BEST BUY INC                   SDCV 2.250% 1/1  086516AF8      196   200000 PRN      DEFINED                     0   200000        0
BEST BUY INC                   COM              086516101      732    20000 SH       DEFINED                     0    20000        0
BHP BILLITON LTD               SPONSORED ADR    088606108      640    12650 SH       DEFINED                     0    12000      650
BIG LOTS INC                   COM              089302103     3089   111000 SH       DEFINED                     0   111000        0
BIO RAD LABS INC               CL A             090572207     6874    69700 SH       DEFINED                     0    69700        0
BIO-REFERENCE LABS INC         COM $.01 NEW     09057G602      558    19300 SH       DEFINED                     0    19300        0
BIOGEN IDEC INC                COM              09062X103      819    16700 SH       DEFINED                     0    16000      700
BIOMARIN PHARMACEUTICAL INC    COM              09061G101     3332   125800 SH       DEFINED                     0   125800        0
BIOMARIN PHARMACEUTICAL INC    NOTE 1.875% 4/2  09061GAD3      142   100000 PRN      DEFINED                     0   100000        0
BLACKBAUD INC                  COM              09227Q100     2269   123000 SH       DEFINED                     0   123000        0
BLACKBOARD INC                 COM              091935502     3892    96600 SH       DEFINED                     0    96600        0
BLACKROCK INC                  COM              09247X101     7372    37900 SH       DEFINED                     0    37900        0
BMC SOFTWARE INC               COM              055921100      557    20000 SH       DEFINED                     0    20000        0
BORGWARNER INC                 COM              099724106     4968   151600 SH       DEFINED                     0   151600        0
BOSTON PPTYS LTD PARTNERSHIP   NOTE 3.750% 5/1  10112RAG9      101   100000 PRN      DEFINED                     0   100000        0
BOSTON SCIENTIFIC CORP         COM              101137107      546    46100 SH       DEFINED                     0    45000     1100
BRASIL TELECOM PARTICIPACOES   SPON ADR PFD     105530109     2345    48000 SH       DEFINED                     0    48000        0
BRASIL TELECOM SA              SPONS ADR PFD    10553M101      722    33000 SH       DEFINED                     0    33000        0
BRE PROPERTIES INC             CL A             05564E106      784    16000 SH       DEFINED                     0    16000        0
BRE PROPERTIES INC             NOTE 4.125% 8/1  05564EBH8       87   100000 PRN      DEFINED                     0   100000        0
BRIGGS & STRATTON CORP         COM              109043109      170    10000 SH       DEFINED                     0    10000        0
BRINKS CO                      COM              109696104     6773   111000 SH       DEFINED                     0   111000        0
BRISTOL MYERS SQUIBB CO        COM              110122108      733    36600 SH       DEFINED                     0    34500     2100
BRISTOW GROUP INC              COM              110394103     3831   113200 SH       DEFINED                     0   113200        0
BRITISH AMERN TOB PLC          SPONSORED ADR    110448107     4476    72200 SH       DEFINED                     0    72200        0
BROADCOM CORP                  CL A             111320107     2142   115000 SH       DEFINED                     0   115000        0
BROOKFIELD ASSET MGMT INC      CL A LTD VT SH   112585104      957    34875 SH       DEFINED                     0    34875        0
BROWN SHOE INC NEW             COM              115736100      786    48500 SH       DEFINED                     0    48500        0
BRUKER CORP                    COM              116794108     2946   221000 SH       DEFINED                     0   221000        0
BRUNSWICK CORP                 COM              117043109      307    23900 SH       DEFINED                     0    22500     1400
BT GROUP PLC                   ADR              05577E101      753    27100 SH       DEFINED                     0    26500      600
BUCKLE INC                     COM              118440106    10253   184600 SH       DEFINED                     0   184600        0
BUCYRUS INTL INC NEW           COM              118759109     7703   172400 SH       DEFINED                     0   172400        0
BUFFALO WILD WINGS INC         COM              119848109     3541    88000 SH       DEFINED                     0    88000        0
BUNGE LIMITED                  COM              G16962105     1516    23990 SH       DEFINED                     0    23400      590
BURLINGTON NORTHN SANTA FE C   COM              12189T104     6995    75800 SH       DEFINED                     0    75800        0
C H ROBINSON WORLDWIDE INC     COM NEW          12541W209     6044   118600 SH       DEFINED                     0   118600        0
CA INC                         COM              12673P105     2454   125000 SH       DEFINED                     0   125000        0
CABELAS INC                    COM              126804301      254    20900 SH       DEFINED                     0    20000      900
CABOT CORP                     COM              127055101      465    15000 SH       DEFINED                     0    15000        0
CABOT OIL & GAS CORP           COM              127097103      504    15000 SH       DEFINED                     0    15000        0
CACI INTL INC                  NOTE 2.125% 5/0  127190AD8       51    50000 PRN      DEFINED                     0    50000        0
CAL DIVE INTL INC              NOTE 3.250%12/1  127914AB5     1115  1200000 PRN      DEFINED                     0  1200000        0
CALGON CARBON CORP             COM              129603106     5104   250700 SH       DEFINED                     0   250700        0
CALIFORNIA WTR SVC GROUP       COM              130788102      505    14000 SH       DEFINED                     0    14000        0
CAMECO CORP                    COM              13321L108      316    15000 SH       DEFINED                     0    15000        0
CAMERON INTERNATIONAL CORP     NOTE 2.500% 6/1  13342BAB1      126   100000 PRN      DEFINED                     0   100000        0
CAMPBELL SOUP CO               COM              134429109     2277    59000 SH       DEFINED                     0    59000        0
CANADIAN NAT RES LTD           COM              136385101     2549    38000 SH       DEFINED                     0    38000        0
CANADIAN NATL RY CO            COM              136375102     3942    82300 SH       DEFINED                     0    82300        0
CANADIAN PAC RY LTD            COM              13645T100     1928    35700 SH       DEFINED                     0    35700        0
CANON INC                      ADR              138006309      793    21000 SH       DEFINED                     0    21000        0
CAPITALSOURCE INC              COM              14055X102      222    20000 SH       DEFINED                     0    20000        0
CARLISLE COS INC               COM              142339100     1978    66000 SH       DEFINED                     0    66000        0
CARNIVAL CORP                  NOTE 10/2        143658AS1      129   200000 PRN      DEFINED                     0   200000        0
CASCADE CORP                   COM              147195101      819    18700 SH       DEFINED                     0    18700        0
CASH AMER INTL INC             COM              14754D100      757    21000 SH       DEFINED                     0    21000        0
CATERPILLAR INC DEL            COM              149123101     4148    69600 SH       DEFINED                     0    69600        0
CBS CORP NEW                   CL B             124857202      337    23500 SH       DEFINED                     0    23500        0
CDN IMPERIAL BK OF COMMERCE    COM              136069101      484     8200 SH       DEFINED                     0     8200        0
CELANESE CORP DEL              COM SER A        150870103     1744    62500 SH       DEFINED                     0    62500        0
CELESTICA INC                  SUB VTG SHS      15101Q108      229    35000 SH       DEFINED                     0    35000        0
CELGENE CORP                   COM              151020104    12909   203997 SH       DEFINED                     0   203997        0
CEMEX SAB DE CV                SPON ADR NEW     151290889      666    40900 SH       DEFINED                     0    39000     1900
CENTERPOINT ENERGY INC         COM              15189T107      284    20000 SH       DEFINED                     0    20000        0
CENTRAL EUROPEAN DIST CORP     COM              153435102     7453   164125 SH       DEFINED                     0   163625      500
CENTRAL EUROPEAN MEDIA ENTRP   CL A NEW         G20045202     2891    44200 SH       DEFINED                     0    44200        0
CENTURYTEL INC                 COM              156700106      770    21000 SH       DEFINED                     0    21000        0
CENVEO INC                     COM              15670S105      477    62000 SH       DEFINED                     0    62000        0
CERADYNE INC                   COM              156710105     2649    72850 SH       DEFINED                     0    72550      300
CERNER CORP                    COM              156782104      268     6000 SH       DEFINED                     0     6000        0
CF INDS HLDGS INC              COM              125269100     3604    39400 SH       DEFINED                     0    39400        0
CGG VERITAS                    SPONSORED ADR    204386106      918    31000 SH       DEFINED                     0    31000        0
CHARLES RIV LABS INTL INC      COM              159864107     5831   105000 SH       DEFINED                     0   105000        0
CHATTEM INC                    COM              162456107     5895    75400 SH       DEFINED                     0    75400        0
CHECK POINT SOFTWARE TECH LT   ORD              M22465104      542    24900 SH       DEFINED                     0    23000     1900
CHEMED CORP NEW                COM              16359R103      698    17000 SH       DEFINED                     0    17000        0
CHESAPEAKE ENERGY CORP         NOTE 2.250%12/1  165167CB1      103   150000 PRN      DEFINED                     0   150000        0
CHESAPEAKE ENERGY CORP         NOTE 2.750%11/1  165167BW6      215   200000 PRN      DEFINED                     0   200000        0
CHESAPEAKE ENERGY CORP         COM              165167107     2901    83170 SH       DEFINED                     0    82300      870
CHEVRON CORP NEW               COM              166764100     4061    50320 SH       DEFINED                     0    49600      720
CHICAGO BRIDGE & IRON CO N V   N Y REGISTRY SH  167250109     1082    58000 SH       DEFINED                     0    58000        0
CHIPOTLE MEXICAN GRILL INC     CL A             169656105     2575    46400 SH       DEFINED                     0    46400        0
CHURCH & DWIGHT INC            COM              171340102    11460   184576 SH       DEFINED                     0   183826      750
CIRCOR INTL INC                COM              17273K109     4698   109200 SH       DEFINED                     0   109200        0
CISCO SYS INC                  COM              17275R102      916    41800 SH       DEFINED                     0    39500     2300
CITIGROUP INC                  COM              172967101      928    51300 SH       DEFINED                     0    49500     1800
CLARCOR INC                    COM              179895107     5522   145500 SH       DEFINED                     0   145500        0
CLEAN HARBORS INC              COM              184496107     8255   122200 SH       DEFINED                     0   122200        0
CLEVELAND CLIFFS INC           COM              185896107     8301   156800 SH       DEFINED                     0   156800        0
CNA SURETY CORP                COM              12612L108      304    18200 SH       DEFINED                     0    18200        0
CNH GLOBAL N V                 SHS NEW          N20935206      557    26700 SH       DEFINED                     0    26700        0
CNOOC LTD                      SPONSORED ADR    126132109      985     8600 SH       DEFINED                     0     8600        0
COACH INC                      COM              189754104     4557   182000 SH       DEFINED                     0   182000        0
COCA COLA CO                   COM              191216100      765    15000 SH       DEFINED                     0    15000        0
COCA COLA FEMSA S A B DE C V   SPON ADR REP L   191241108      848    16800 SH       DEFINED                     0    16800        0
COGNIZANT TECHNOLOGY SOLUTIO   CL A             192446102     5193   229400 SH       DEFINED                     0   228200     1200
COGO GROUP INC                 COM              192448108      285    54000 SH       DEFINED                     0    54000        0
COLUMBUS MCKINNON CORP N Y     COM              199333105      804    34100 SH       DEFINED                     0    34100        0
COMCAST CORP NEW               CL A SPL         20030N200     5994   303950 SH       DEFINED                     0   303500      450
COMMERCE BANCSHARES INC        COM              200525103     1614    34789 SH       DEFINED                     0    34789        0
COMMSCOPE INC                  COM              203372107     5691   164300 SH       DEFINED                     0   164300        0
COMPANHIA DE BEBIDAS DAS AME   SPON ADR PFD     20441W203     1584    29000 SH       DEFINED                     0    29000        0
COMPANHIA DE SANEAMENTO BASI   SPONSORED ADR    20441A102     2569    90600 SH       DEFINED                     0    90600        0
COMPANHIA VALE DO RIO DOCE     SPONSORED ADR    204412209      418    25000 SH       DEFINED                     0    25000        0
COMPASS MINERALS INTL INC      COM              20451N101     2892    55200 SH       DEFINED                     0    55200        0
COMPUTER PROGRAMS & SYS INC    COM              205306103     3271   113000 SH       DEFINED                     0   113000        0
COMPUTER SCIENCES CORP         COM              205363104     1037    26200 SH       DEFINED                     0    26200        0
COMTECH TELECOMMUNICATIONS C   COM NEW          205826209     5540   112500 SH       DEFINED                     0   112500        0
COMTECH TELECOMMUNICATIONS C   NOTE 2.000% 2/0  205826AD2      157   100000 PRN      DEFINED                     0   100000        0
CONAGRA FOODS INC              COM              205887102      465    23950 SH       DEFINED                     0    22000     1950
CONCUR TECHNOLOGIES INC        COM              206708109     7419   193900 SH       DEFINED                     0   193900        0
CONOCOPHILLIPS                 COM              20825C104     1241    17750 SH       DEFINED                     0    17500      250
CONSOLIDATED WATER CO INC      ORD              G23773107      225    13200 SH       DEFINED                     0    13200        0
CONSTELLATION BRANDS INC       CL A             21036P108      792    37700 SH       DEFINED                     0    35000     2700
COOPER INDS LTD                CL A             G24182100     2485    62200 SH       DEFINED                     0    62200        0
COPART INC                     COM              217204106     6764   178000 SH       DEFINED                     0   178000        0
CORE LABORATORIES N V          COM              N22717107     3242    32000 SH       DEFINED                     0    32000        0
CORNING INC                    COM              219350105      371    25000 SH       DEFINED                     0    25000        0
CORRECTIONS CORP AMER NEW      COM NEW          22025Y407     7281   293000 SH       DEFINED                     0   293000        0
COSTCO WHSL CORP NEW           COM              22160K105     2805    43200 SH       DEFINED                     0    43200        0
COVANCE INC                    COM              222816100    12254   138600 SH       DEFINED                     0   138600        0
COVANTA HLDG CORP              COM              22282E102     4745   198200 SH       DEFINED                     0   198200        0
COVANTA HLDG CORP              DBCV 1.000% 2/0  22282EAA0      192   200000 PRN      DEFINED                     0   200000        0
COVENTRY HEALTH CARE INC       COM              222862104      478    15000 SH       DEFINED                     0    15000        0
COVIDIEN LTD                   COM              G2552X108     2293    43225 SH       DEFINED                     0    41900     1325
CP HOLDRS                      DEP RCPTS CP     12616K106     1061     6800 SH       DEFINED                     0     6800        0
CRAWFORD & CO                  CL B             224633107     2751   181000 SH       DEFINED                     0   181000        0
CREDICORP LTD                  COM              G2519Y108      965    15500 SH       DEFINED                     0    15500        0
CREDIT SUISSE GROUP            SPONSORED ADR    225401108      241     5000 SH       DEFINED                     0     5000        0
CROWN CASTLE INTL CORP         COM              228227104     4835   166885 SH       DEFINED                     0   166885        0
CRYOLIFE INC                   COM              228903100     2847   217000 SH       DEFINED                     0   217000        0
CSG SYS INTL INC               COM              126349109      186    10000 SH       DEFINED                     0    10000        0
CSX CORP                       COM              126408103     5566   102000 SH       DEFINED                     0   102000        0
CTRIP COM INTL LTD             ADR              22943F100     3653    94600 SH       DEFINED                     0    94600        0
CTS CORP                       NOTE 2.125% 5/0  126501AC9      296   300000 PRN      DEFINED                     0   300000        0
CUBIST PHARMACEUTICALS INC     NOTE 2.250% 6/1  229678AC1     1400  1450000 PRN      DEFINED                     0  1450000        0
CUMMINS INC                    COM              231021106     6514   149000 SH       DEFINED                     0   149000        0
CURTISS WRIGHT CORP            COM              231561101    10114   222600 SH       DEFINED                     0   222600        0
CV THERAPEUTICS INC            NOTE 3.250% 8/1  126667AG9      114   150000 PRN      DEFINED                     0   150000        0
CVS CAREMARK CORPORATION       COM              126650100     5462   163000 SH       DEFINED                     0   163000        0
CYBERSOURCE CORP               COM              23251J106     3715   230600 SH       DEFINED                     0   230600        0
CYTEC INDS INC                 COM              232820100     1922    49395 SH       DEFINED                     0    49000      395
DANAHER CORP DEL               COM              235851102     6924    99900 SH       DEFINED                     0    99300      600
DANAHER CORP DEL               NOTE 1/2         235851AF9      253   250000 PRN      DEFINED                     0   250000        0
DARDEN RESTAURANTS INC         COM              237194105     2090    73000 SH       DEFINED                     0    73000        0
DAWSON GEOPHYSICAL CO          COM              239359102      467    10000 SH       DEFINED                     0    10000        0
DEALERTRACK HLDGS INC          COM              242309102      556    33000 SH       DEFINED                     0    33000        0
DECKERS OUTDOOR CORP           COM              243537107     8701    83600 SH       DEFINED                     0    83600        0
DEERE & CO                     COM              244199105     2327    47000 SH       DEFINED                     0    47000        0
DELL INC                       COM              24702R101      629    40450 SH       DEFINED                     0    38000     2450
DELPHI FINL GROUP INC          CL A             247131105     1009    36000 SH       DEFINED                     0    36000        0
DENBURY RES INC                COM NEW          247916208     2643   138800 SH       DEFINED                     0   138800        0
DENTSPLY INTL INC NEW          COM              249030107     6532   174000 SH       DEFINED                     0   174000        0
DEUTSCHE TELEKOM AG            SPONSORED ADR    251566105      647    45000 SH       DEFINED                     0    45000        0
DEVON ENERGY CORP NEW          COM              25179M103     3886    43150 SH       DEFINED                     0    42700      450
DEVRY INC DEL                  COM              251893103     1684    34000 SH       DEFINED                     0    34000        0
DIAGEO P L C                   SPON ADR NEW     25243Q205     1571    23000 SH       DEFINED                     0    23000        0
DICKS SPORTING GOODS INC       COM              253393102     3795   193800 SH       DEFINED                     0   193800        0
DIGITAL RIV INC                NOTE 1.250% 1/0  25388BAB0      294   300000 PRN      DEFINED                     0   300000        0
DIODES INC                     COM              254543101     3103   168200 SH       DEFINED                     0   168200        0
DIONEX CORP                    COM              254546104     1798    28300 SH       DEFINED                     0    28300        0
DIRECTV GROUP INC              COM              25459L106     4682   181725 SH       DEFINED                     0   179500     2225
DISH NETWORK CORP              CL A             25470M109      553    27500 SH       DEFINED                     0    26500     1000
DISNEY WALT CO                 COM DISNEY       254687106     3477   114050 SH       DEFINED                     0   113500      550
DOLBY LABORATORIES INC         COM              25659T107     4166   118400 SH       DEFINED                     0   118400        0
DOLLAR FINL CORP               COM              256664103      157    10200 SH       DEFINED                     0    10200        0
DOMINION RES INC VA NEW        COM              25746U109     1530    36350 SH       DEFINED                     0    35600      750
DONALDSON INC                  COM              257651109     3514    83840 SH       DEFINED                     0    83800       40
DOW CHEM CO                    COM              260543103      629    20300 SH       DEFINED                     0    20000      300
DR PEPPER SNAPPLE GROUP INC    COM              26138E109      301    12200 SH       DEFINED                     0    12200        0
DRS TECHNOLOGIES INC           COM              23330X100     8724   113664 SH       DEFINED                     0   113664        0
DST SYS INC DEL                COM              233326107     3989    71250 SH       DEFINED                     0    70700      550
DST SYS INC DEL                DBCV 4.125% 8/1  233326AB3      182   150000 PRN      DEFINED                     0   150000        0
DU PONT E I DE NEMOURS & CO    COM              263534109      886    22400 SH       DEFINED                     0    22000      400
DUCOMMUN INC DEL               COM              264147109      714    29900 SH       DEFINED                     0    29900        0
DUN & BRADSTREET CORP DEL NE   COM              26483E100     8311    88500 SH       DEFINED                     0    88500        0
DYCOM INDS INC                 COM              267475101      149    12025 SH       DEFINED                     0    11000     1025
DYNAMIC MATLS CORP             COM              267888105      789    34000 SH       DEFINED                     0    34000        0
E M C CORP MASS                COM              268648102      344    30000 SH       DEFINED                     0    30000        0
E M C CORP MASS                NOTE 1.750%12/0  268648AK8      198   200000 PRN      DEFINED                     0   200000        0
EASTMAN KODAK CO               NOTE 3.375%10/1  277461BE8      187   200000 PRN      DEFINED                     0   200000        0
EATON CORP                     COM              278058102     2173    39100 SH       DEFINED                     0    39100        0
EATON VANCE CORP               COM NON VTG      278265103     3301    93700 SH       DEFINED                     0    93700        0
ECOLAB INC                     COM              278865100     8200   169000 SH       DEFINED                     0   169000        0
EDWARDS LIFESCIENCES CORP      COM              28176E108     4159    72000 SH       DEFINED                     0    72000        0
EL PASO CORP                   COM              28336L109      394    35000 SH       DEFINED                     0    35000        0
EMBARQ CORP                    COM              29078E105      502    12000 SH       DEFINED                     0    12000        0
EMCOR GROUP INC                COM              29084Q100     9117   346400 SH       DEFINED                     0   346400        0
EMERSON ELEC CO                COM              291011104     2635    64600 SH       DEFINED                     0    64600        0
ENCANA CORP                    COM              292505104     3875    59950 SH       DEFINED                     0    59600      350
ENERGEN CORP                   COM              29265N108     6398   142000 SH       DEFINED                     0   142000        0
ENERGIZER HLDGS INC            COM              29266R108     4511    56000 SH       DEFINED                     0    56000        0
ENERGY CONVERSION DEVICES IN   COM              292659109     2680    46000 SH       DEFINED                     0    46000        0
ENERGY TRANSFER EQUITY L P     COM UT LTD PTN   29273V100      875    41000 SH       DEFINED                     0    41000        0
ENERGY TRANSFER PRTNRS L P     UNIT LTD PARTN   29273R109      886    25175 SH       DEFINED                     0    24000     1175
ENERSYS                        COM              29275Y102     3106   157600 SH       DEFINED                     0   157600        0
ENERSYS                        NOTE 3.375% 6/0  29275YAA0      111   150000 PRN      DEFINED                     0   150000        0
ENPRO INDS INC                 COM              29355X107     1297    34900 SH       DEFINED                     0    34900        0
ENSCO INTL INC                 COM              26874Q100     6400   112220 SH       DEFINED                     0   111700      520
ENTERGY CORP NEW               COM              29364G103     3133    35200 SH       DEFINED                     0    35200        0
ENTERPRISE PRODS PARTNERS L    COM              293792107      508    20000 SH       DEFINED                     0    20000        0
EOG RES INC                    COM              26875P101     2245    25100 SH       DEFINED                     0    25100        0
EPIQ SYS INC                   COM              26882D109      245    18000 SH       DEFINED                     0    18000        0
EQUIFAX INC                    COM              294429105     1412    41000 SH       DEFINED                     0    41000        0
EQUINIX INC                    COM NEW          29444U502     6112    88000 SH       DEFINED                     0    88000        0
EQUINIX INC                    NOTE 2.500% 4/1  29444UAF3      130   150000 PRN      DEFINED                     0   150000        0
EQUITABLE RES INC              COM              294549100     3008    82000 SH       DEFINED                     0    82000        0
ESCO TECHNOLOGIES INC          COM              296315104     3112    64600 SH       DEFINED                     0    64600        0
ESSEX PPTY TR INC              COM              297178105     1112     9400 SH       DEFINED                     0     9400        0
ESTERLINE TECHNOLOGIES CORP    COM              297425100     5297   133800 SH       DEFINED                     0   133800        0
EURONET WORLDWIDE INC          NOTE 3.500%10/1  298736AF6      955  1250000 PRN      DEFINED                     0  1250000        0
EXELON CORP                    COM              30161N101     4359    70000 SH       DEFINED                     0    70000        0
EXPONENT INC                   COM              30214U102      390    11800 SH       DEFINED                     0    11800        0
EXPRESS SCRIPTS INC            COM              302182100    10660   144400 SH       DEFINED                     0   144400        0
EXTERRAN HLDGS INC             COM              30225X103     2442    76400 SH       DEFINED                     0    76400        0
EXXON MOBIL CORP               COM              30231G102     1264    16965 SH       DEFINED                     0    16500      465
EZCORP INC                     CL A NON VTG     302301106     2145   114100 SH       DEFINED                     0   114100        0
F M C CORP                     COM NEW          302491303     7565   147200 SH       DEFINED                     0   147200        0
FACTSET RESH SYS INC           COM              303075105     5823   111450 SH       DEFINED                     0   111450        0
FASTENAL CO                    COM              311900104     6144   124400 SH       DEFINED                     0   124400        0
FBL FINL GROUP INC             CL A             30239F106      287    10300 SH       DEFINED                     0    10300        0
FEDEX CORP                     COM              31428X106      499     6275 SH       DEFINED                     0     6000      275
FERRELLGAS PARTNERS L.P.       UNIT LTD PART    315293100      380    21000 SH       DEFINED                     0    21000        0
FIDELITY NATL INFORMATION SV   COM              31620M106      463    25096 SH       DEFINED                     0    25096        0
FINANCIAL FED CORP             COM              317492106     1243    54250 SH       DEFINED                     0    54250        0
FIRST CASH FINL SVCS INC       COM              31942D107      492    32800 SH       DEFINED                     0    32800        0
FIRST FINL BANKSHARES          COM              32020R109     1059    20416 SH       DEFINED                     0    20416        0
FIRSTENERGY CORP               COM              337932107     2847    42500 SH       DEFINED                     0    42500        0
FISHER SCIENTIFIC INTL INC     NOTE 3.250% 3/0  338032AX3      439   300000 PRN      DEFINED                     0   300000        0
FLEXTRONICS INTL LTD           NOTE 1.000% 8/0  33938EAL1     1225  1400000 PRN      DEFINED                     0  1400000        0
FLIR SYS INC                   COM              302445101    11115   289300 SH       DEFINED                     0   289300        0
FLOWERS FOODS INC              COM              343498101     9530   324600 SH       DEFINED                     0   324600        0
FLOWSERVE CORP                 COM              34354P105     9231   104500 SH       DEFINED                     0   104500        0
FLUOR CORP NEW                 COM              343412102     3732    67000 SH       DEFINED                     0    67000        0
FMC TECHNOLOGIES INC           COM              30249U101    11526   247600 SH       DEFINED                     0   247600        0
FOMENTO ECONOMICO MEXICANO S   SPON ADR UNITS   344419106     1114    30000 SH       DEFINED                     0    30000        0
FOREST LABS INC                COM              345838106      804    30000 SH       DEFINED                     0    30000        0
FOREST OIL CORP                COM PAR $0.01    346091705     3383    68200 SH       DEFINED                     0    68200        0
FOSSIL INC                     COM              349882100     1327    47000 SH       DEFINED                     0    47000        0
FOSTER L B CO                  COM              350060109      548    18000 SH       DEFINED                     0    18000        0
FOSTER WHEELER LTD             SHS NEW          G36535139     6428   178000 SH       DEFINED                     0   178000        0
FPIC INS GROUP INC             COM              302563101      308     6000 SH       DEFINED                     0     6000        0
FRANKLIN RES INC               COM              354613101     2344    26600 SH       DEFINED                     0    26600        0
FREEPORT-MCMORAN COPPER & GO   COM              35671D857      533    10010 SH       DEFINED                     0    10000       10
FRESENIUS MED CARE AG&CO KGA   SPONSORED ADR    358029106     1221    23500 SH       DEFINED                     0    23500        0
FRONTIER OIL CORP              COM              35914P105     1709    92800 SH       DEFINED                     0    92800        0
FTI CONSULTING INC             COM              302941109    14802   204900 SH       DEFINED                     0   204900        0
FUEL TECH INC                  COM              359523107      682    37700 SH       DEFINED                     0    37700        0
FULLER H B CO                  COM              359694106     2692   129000 SH       DEFINED                     0   129000        0
FURNITURE BRANDS INTL INC      COM              360921100      208    20700 SH       DEFINED                     0    20000      700
G-III APPAREL GROUP LTD        COM              36237H101      314    16800 SH       DEFINED                     0    16800        0
GAMESTOP CORP NEW              CL A             36467W109     8484   248000 SH       DEFINED                     0   248000        0
GANNETT INC                    COM              364730101      356    20950 SH       DEFINED                     0    20500      450
GARDNER DENVER INC             COM              365558105     6875   198000 SH       DEFINED                     0   198000        0
GARTNER INC                    COM              366651107     3538   156000 SH       DEFINED                     0   156000        0
GEN-PROBE INC NEW              COM              36866T103     1883    35500 SH       DEFINED                     0    35500        0
GENERAL CABLE CORP DEL NEW     COM              369300108     5384   151900 SH       DEFINED                     0   151900        0
GENERAL DYNAMICS CORP          COM              369550108     5646    76695 SH       DEFINED                     0    76200      495
GENERAL ELECTRIC CO            COM              369604103     2538   108925 SH       DEFINED                     0   106000     2925
GENERAL MLS INC                COM              370334104     5014    73100 SH       DEFINED                     0    72600      500
GENESEE & WYO INC              CL A             371559105     6142   163700 SH       DEFINED                     0   163700        0
GENTIVA HEALTH SERVICES INC    COM              37247A102      921    34200 SH       DEFINED                     0    34200        0
GENWORTH FINL INC              COM CL A         37247D106      100    20000 SH       DEFINED                     0    20000        0
GENZYME CORP                   COM              372917104     4146    52200 SH       DEFINED                     0    52000      200
GENZYME CORP                   NOTE 1.250%12/0  372917AN4      462   400000 PRN      DEFINED                     0   400000        0
GEO GROUP INC                  COM              36159R103     5018   248300 SH       DEFINED                     0   248300        0
GEOEYE INC                     COM              37250W108      606    27400 SH       DEFINED                     0    27400        0
GFI GROUP INC                  COM              361652209      254    54000 SH       DEFINED                     0    54000        0
GIGAMEDIA LTD                  ORD              Y2711Y104      376    51000 SH       DEFINED                     0    51000        0
GILDAN ACTIVEWEAR INC          COM              375916103     2415   106000 SH       DEFINED                     0   106000        0
GILEAD SCIENCES INC            COM              375558103    11481   251600 SH       DEFINED                     0   251600        0
GILEAD SCIENCES INC            NOTE 0.625% 5/0  375558AH6      254   200000 PRN      DEFINED                     0   200000        0
GLAXOSMITHKLINE PLC            SPONSORED ADR    37733W105      594    13995 SH       DEFINED                     0    12500     1495
GLOBAL PMTS INC                COM              37940X102     3382    75400 SH       DEFINED                     0    75000      400
GOLDMAN SACHS GROUP INC        COM              38141G104     2245    17540 SH       DEFINED                     0    17350      190
GOODRICH CORP                  COM              382388106     2053    49900 SH       DEFINED                     0    49900        0
GOOGLE INC                     CL A             38259P508     3351    10077 SH       DEFINED                     0    10000       77
GORMAN RUPP CO                 COM              383082104     3610    95700 SH       DEFINED                     0    95700        0
GRACO INC                      COM              384109104     3204    89975 SH       DEFINED                     0    89975        0
GRAHAM CORP                    COM              384556106      395     7300 SH       DEFINED                     0     7300        0
GRAINGER W W INC               COM              384802104     1983    22800 SH       DEFINED                     0    22800        0
GREEN MTN COFFEE ROASTERS IN   COM              393122106     3592    91300 SH       DEFINED                     0    91300        0
GREENHILL & CO INC             COM              395259104     1106    15000 SH       DEFINED                     0    15000        0
GREIF INC                      CL A             397624107     7625   116200 SH       DEFINED                     0   116200        0
GRUPO AEROPORTUARIO DEL SURE   SPON ADR SER B   40051E202     1767    35600 SH       DEFINED                     0    35600        0
GUESS INC                      COM              401617105    10451   300400 SH       DEFINED                     0   300400        0
GULFMARK OFFSHORE INC          COM              402629109      516    11500 SH       DEFINED                     0    11500        0
GULFPORT ENERGY CORP           COM NEW          402635304      158    15700 SH       DEFINED                     0    15700        0
GYMBOREE CORP                  COM              403777105     4917   138500 SH       DEFINED                     0   138500        0
HAEMONETICS CORP               COM              405024100     5499    89100 SH       DEFINED                     0    89100        0
HALLIBURTON CO                 COM              406216101     2073    64000 SH       DEFINED                     0    64000        0
HANESBRANDS INC                COM              410345102      544    25000 SH       DEFINED                     0    25000        0
HANSEN NAT CORP                COM              411310105     4235   140000 SH       DEFINED                     0   140000        0
HARMONIC INC                   COM              413160102      164    20000 SH       DEFINED                     0    20000        0
HARMONY GOLD MNG LTD           SPONSORED ADR    413216300      286    30000 SH       DEFINED                     0    30000        0
HARRIS CORP DEL                COM              413875105     3699    80525 SH       DEFINED                     0    79900      625
HARSCO CORP                    COM              415864107     5192   139600 SH       DEFINED                     0   139600        0
HARTFORD FINL SVCS GROUP INC   COM              416515104      500    10000 SH       DEFINED                     0    10000        0
HASBRO INC                     DBCV 2.750%12/0  418056AN7       81    50000 PRN      DEFINED                     0    50000        0
HAYNES INTERNATIONAL INC       COM NEW          420877201      712    15200 SH       DEFINED                     0    15200        0
HCC INS HLDGS INC              COM              404132102      481    20000 SH       DEFINED                     0    20000        0
HDFC BANK LTD                  ADR REPS 3 SHS   40415F101     1576    18550 SH       DEFINED                     0    18550        0
HEALTH MGMT ASSOC INC NEW      CL A             421933102       41    10000 SH       DEFINED                     0    10000        0
HEALTH NET INC                 COM              42222G108      448    20000 SH       DEFINED                     0    20000        0
HEALTHCARE SVCS GRP INC        COM              421906108      377    20600 SH       DEFINED                     0    20600        0
HEALTHEXTRAS INC               COM              422211102     4302   164700 SH       DEFINED                     0   164700        0
HEICO CORP NEW                 COM              422806109     2813    85700 SH       DEFINED                     0    85700        0
HEIDRICK & STRUGGLES INTL IN   COM              422819102      323    10700 SH       DEFINED                     0    10700        0
HEINZ H J CO                   COM              423074103     2548    51000 SH       DEFINED                     0    51000        0
HELMERICH & PAYNE INC          COM              423452101     3147    73500 SH       DEFINED                     0    73500        0
HERBALIFE LTD                  COM USD SHS      G4412G101     1956    49500 SH       DEFINED                     0    49500        0
HESS CORP                      COM              42809H107     2134    26000 SH       DEFINED                     0    26000        0
HEWITT ASSOCS INC              COM              42822Q100     4172   114500 SH       DEFINED                     0   114500        0
HEWLETT PACKARD CO             COM              428236103     5009   108870 SH       DEFINED                     0   108500      370
HILL INTERNATIONAL INC         COM              431466101      530    38300 SH       DEFINED                     0    38300        0
HMS HLDGS CORP                 COM              40425J101      352    14700 SH       DEFINED                     0    14700        0
HOLLY CORP                     COM PAR $0.01    435758305      578    20000 SH       DEFINED                     0    20000        0
HOLOGIC INC                    FRNT 2.000%12/1  436440aa9      200   200000 PRN      DEFINED                     0   200000        0
HOLOGIC INC                    COM              436440101     4902   253584 SH       DEFINED                     0   253584        0
HOME DEPOT INC                 COM              437076102      323    12825 SH       DEFINED                     0    12000      825
HONDA MOTOR LTD                AMERN SHS        438128308      289    10000 SH       DEFINED                     0    10000        0
HONEYWELL INTL INC             COM              438516106     2367    57300 SH       DEFINED                     0    56900      400
HORMEL FOODS CORP              COM              440452100     2909    80200 SH       DEFINED                     0    80200        0
HORNBECK OFFSHORE SVCS INC N   FRNT 1.625%11/1  440543AE6      149   150000 PRN      DEFINED                     0   150000        0
HOSPITALITY PPTYS TR           COM SH BEN INT   44106M102      422    22000 SH       DEFINED                     0    22000        0
HOST HOTELS & RESORTS INC      COM              44107P104      186    15000 SH       DEFINED                     0    15000        0
HSBC HLDGS PLC                 SPON ADR NEW     404280406      932    11900 SH       DEFINED                     0    11700      200
HSBC HLDGS PLC                 ADR A 1/40PF A   404280604      523    32200 SH       DEFINED                     0    32200        0
HUB GROUP INC                  CL A             443320106     5452   144800 SH       DEFINED                     0   144800        0
HUDSON CITY BANCORP            COM              443683107     8518   461673 SH       DEFINED                     0   461673        0
HUNT J B TRANS SVCS INC        COM              445658107     6767   202800 SH       DEFINED                     0   202800        0
HUNTSMAN CORP                  COM              447011107      147    20000 SH       DEFINED                     0    20000        0
HURON CONSULTING GROUP INC     COM              447462102      359     6300 SH       DEFINED                     0     6300        0
IBERIABANK CORP                COM              450828108      225     4250 SH       DEFINED                     0     4250        0
ICICI BK LTD                   ADR              45104G104      753    32000 SH       DEFINED                     0    32000        0
ICON PUB LTD CO                SPONSORED ADR    45103T107     2616    68400 SH       DEFINED                     0    68400        0
ICONIX BRAND GROUP INC         NOTE 1.875% 6/3  451055AB3      112   150000 PRN      DEFINED                     0   150000        0
ICONIX BRAND GROUP INC         COM              451055107     1674   128000 SH       DEFINED                     0   128000        0
IDACORP INC                    COM              451107106     1685    57975 SH       DEFINED                     0    55500     2475
IDEX CORP                      COM              45167R104     5214   168075 SH       DEFINED                     0   168075        0
IDEXX LABS INC                 COM              45168D104     6784   123800 SH       DEFINED                     0   123800        0
IHS INC                        CL A             451734107     5298   111200 SH       DEFINED                     0   111200        0
II VI INC                      COM              902104108     3750    97000 SH       DEFINED                     0    97000        0
ILLUMINA INC                   COM              452327109    16180   399200 SH       DEFINED                     0   399200        0
IMMUCOR INC                    COM              452526106     4467   140187 SH       DEFINED                     0   140187        0
IMS HEALTH INC                 COM              449934108      543    30000 SH       DEFINED                     0    30000        0
INCYTE CORP                    NOTE 3.500% 2/1  45337CAE2      183   200000 PRN      DEFINED                     0   200000        0
INFORMATICA CORP               NOTE 3.000% 3/1  45666QAB8      145   150000 PRN      DEFINED                     0   150000        0
INFORMATICA CORP               COM              45666Q102     2763   212700 SH       DEFINED                     0   212700        0
INFOSYS TECHNOLOGIES LTD       SPONSORED ADR    456788108     4490   134800 SH       DEFINED                     0   134800        0
INGERSOLL-RAND COMPANY LTD     CL A             G4776G101      520    17300 SH       DEFINED                     0    17000      300
INNOSPEC INC                   COM              45768S105      193    16000 SH       DEFINED                     0    16000        0
INTEGRA LIFESCIENCES HLDGS C   COM NEW          457985208     2307    52400 SH       DEFINED                     0    52400        0
INTEGRAL SYS INC MD            COM              45810H107      307    14800 SH       DEFINED                     0    14800        0
INTEL CORP                     COM              458140100     2849   154450 SH       DEFINED                     0   151000     3450
INTEL CORP                     SDCV 2.950%12/1  458140AD2      350   400000 PRN      DEFINED                     0   400000        0
INTERACTIVE DATA CORP          COM              45840J107      681    27000 SH       DEFINED                     0    27000        0
INTERCONTINENTALEXCHANGE INC   COM              45865V100     1210    15000 SH       DEFINED                     0    15000        0
INTERFACE INC                  CL A             458665106     2022   178400 SH       DEFINED                     0   178400        0
INTERNATIONAL BUSINESS MACHS   COM              459200101     4079    35090 SH       DEFINED                     0    34500      590
INTERNATIONAL RECTIFIER CORP   COM              460254105      364    20000 SH       DEFINED                     0    20000        0
INTL PAPER CO                  COM              460146103      778    29750 SH       DEFINED                     0    28500     1250
INTUIT                         COM              461202103     2276    72000 SH       DEFINED                     0    72000        0
INTUITIVE SURGICAL INC         COM NEW          46120E602    18604    77200 SH       DEFINED                     0    77200        0
INVENTIV HEALTH INC            COM              46122E105     1582    89600 SH       DEFINED                     0    89600        0
INVERNESS MED INNOVATIONS IN   COM              46126P106     1250    42000 SH       DEFINED                     0    42000        0
INVESCO LTD                    SHS              G491BT108      560    27000 SH       DEFINED                     0    27000        0
INVESTMENT TECHNOLOGY GRP NE   COM              46145F105     1077    35400 SH       DEFINED                     0    35400        0
INVITROGEN CORP                COM              46185R100     3616    95650 SH       DEFINED                     0    95000      650
INVITROGEN CORP                NOTE 1.500% 2/1  46185RAK6      225   250000 PRN      DEFINED                     0   250000        0
IRON MTN INC                   COM              462846106     1926    78900 SH       DEFINED                     0    78900        0
ITC HLDGS CORP                 COM              465685105     6409   123800 SH       DEFINED                     0   123800        0
ITRON INC                      COM              465741106     9207   104000 SH       DEFINED                     0   104000        0
ITRON INC                      NOTE 2.500% 8/0  465741AJ5      214   150000 PRN      DEFINED                     0   150000        0
ITT CORP NEW                   COM              450911102     7474   134400 SH       DEFINED                     0   134400        0
ITT EDUCATIONAL SERVICES INC   COM              45068B109    10033   124000 SH       DEFINED                     0   123700      300
J & J SNACK FOODS CORP         COM              466032109      475    14000 SH       DEFINED                     0    14000        0
JA SOLAR HOLDINGS CO LTD       NOTE 4.500% 5/1  466090AA5      109   150000 PRN      DEFINED                     0   150000        0
JACOBS ENGR GROUP INC DEL      COM              469814107     5225    96200 SH       DEFINED                     0    96200        0
JARDEN CORP                    COM              471109108      288    12300 SH       DEFINED                     0    12300        0
JOHN BEAN TECHNOLOGIES CORP    COM              477839104      677    53481 SH       DEFINED                     0    53481        0
JOHNSON & JOHNSON              COM              478160104     4983    73125 SH       DEFINED                     0    72500      625
JOHNSON CTLS INC               COM              478366107     6187   204000 SH       DEFINED                     0   204000        0
JPMORGAN & CHASE & CO          COM              46625H100     1290    30670 SH       DEFINED                     0    29400     1270
K TRON INTL INC                COM              482730108     3143    24400 SH       DEFINED                     0    24400        0
KANSAS CITY SOUTHERN           COM NEW          485170302    12305   277400 SH       DEFINED                     0   277400        0
KAYDON CORP                    COM              486587108     5083   112800 SH       DEFINED                     0   112800        0
KENDLE INTERNATIONAL INC       COM              48880L107     1538    34400 SH       DEFINED                     0    34400        0
KENNAMETAL INC                 COM              489170100     3005   110800 SH       DEFINED                     0   110800        0
KHD HUMBOLDT WEDAG INTL LTD    COM              482462108      282    14700 SH       DEFINED                     0    14700        0
KINETIC CONCEPTS INC           COM NEW          49460W208      284    10100 SH       DEFINED                     0    10000      100
KING PHARMACEUTICALS INC       COM              495582108      368    40400 SH       DEFINED                     0    40000      400
KIRBY CORP                     COM              497266106     6268   165200 SH       DEFINED                     0   165200        0
KONINKLIJKE PHILIPS ELECTRS    NY REG SH NEW    500472303     1038    40500 SH       DEFINED                     0    40500        0
KOPPERS HOLDINGS INC           COM              50060P106     3928   105000 SH       DEFINED                     0   105000        0
KRAFT FOODS INC                CL A             50075N104      930    29089 SH       DEFINED                     0    27500     1589
KROGER CO                      COM              501044101     2556    93000 SH       DEFINED                     0    93000        0
L-1 IDENTITY SOLUTIONS INC     NOTE 3.750% 5/1  50212AAB2       83   100000 PRN      DEFINED                     0   100000        0
L-3 COMMUNICATIONS CORP        DEBT 3.000% 8/0  502413AW7      382   350000 PRN      DEFINED                     0   350000        0
L-3 COMMUNICATIONS HLDGS INC   COM              502424104     5962    60635 SH       DEFINED                     0    60000      635
LABORATORY CORP AMER HLDGS     COM NEW          50540R409     3407    49300 SH       DEFINED                     0    48100     1200
LACLEDE GROUP INC              COM              505597104      291     6000 SH       DEFINED                     0     6000        0
LADISH INC                     COM NEW          505754200      520    25700 SH       DEFINED                     0    25700        0
LAN AIRLINES S A               SPONSORED ADR    501723100     1214   106500 SH       DEFINED                     0   106500        0
LANDSTAR SYS INC               COM              515098101     6534   148300 SH       DEFINED                     0   148300        0
LASALLE HOTEL PPTYS            COM SH BEN INT   517942108     2397   102800 SH       DEFINED                     0   102800        0
LASERCARD CORP                 COM              51807U101       84    20000 SH       DEFINED                     0    20000        0
LAUDER ESTEE COS INC           CL A             518439104     2199    44060 SH       DEFINED                     0    44000       60
LAWSON SOFTWARE INC NEW        COM              52078P102     2667   381000 SH       DEFINED                     0   381000        0
LAYNE CHRISTENSEN CO           COM              521050104      510    14400 SH       DEFINED                     0    14400        0
LEAR CORP                      COM              521865105      337    31950 SH       DEFINED                     0    31500      450
LENNOX INTL INC                COM              526107107     5792   174100 SH       DEFINED                     0   174100        0
LEUCADIA NATL CORP             COM              527288104     4771   105000 SH       DEFINED                     0   105000        0
LEXMARK INTL NEW               CL A             529771107      637    20000 SH       DEFINED                     0    20000        0
LHC GROUP INC                  COM              50187A107      259     9100 SH       DEFINED                     0     9100        0
LIFEPOINT HOSPITALS INC        NOTE 3.500% 5/1  53219LAH2      164   200000 PRN      DEFINED                     0   200000        0
LIFETIME BRANDS INC            NOTE 4.750% 7/1  53222QAB9      192   250000 PRN      DEFINED                     0   250000        0
LILLY ELI & CO                 COM              532457108      659    15000 SH       DEFINED                     0    15000        0
LINCARE HLDGS INC              COM              532791100      618    20000 SH       DEFINED                     0    20000        0
LINCOLN ELEC HLDGS INC         COM              533900106     7413   116100 SH       DEFINED                     0   116100        0
LINCOLN NATL CORP IND          COM              534187109      462    10900 SH       DEFINED                     0     9800     1100
LINDSAY CORP                   COM              535555106     5238    72000 SH       DEFINED                     0    72000        0
LINEAR TECHNOLOGY CORP         COM              535678106      589    20000 SH       DEFINED                     0    20000        0
LIZ CLAIBORNE INC              COM              539320101      322    20000 SH       DEFINED                     0    20000        0
LKQ CORP                       COM              501889208     6337   373400 SH       DEFINED                     0   373400        0
LMI AEROSPACE INC              COM              502079106      384    19100 SH       DEFINED                     0    19100        0
LOCKHEED MARTIN CORP           COM              539830109     5797    52860 SH       DEFINED                     0    52860        0
LOEWS CORP                     COM              540424108     1284    33722 SH       DEFINED                     0    33722        0
LOGITECH INTL S A              SHS              H50430232     1704    74200 SH       DEFINED                     0    74200        0
LONGS DRUG STORES CORP         COM              543162101     7776   102800 SH       DEFINED                     0   102800        0
LORILLARD INC                  COM              544147101      756    11000 SH       DEFINED                     0    11000        0
LSB INDS INC                   COM              502160104     1568   113200 SH       DEFINED                     0   113200        0
LSI CORPORATION                NOTE 4.000% 5/1  502161AJ1      964  1000000 PRN      DEFINED                     0  1000000        0
LUBRIZOL CORP                  COM              549271104     4371   102100 SH       DEFINED                     0   101600      500
LUCENT TECHNOLOGIES INC        DBCV 2.750% 6/1  549463AG2     1001  1150000 PRN      DEFINED                     0  1150000        0
LUXOTTICA GROUP S P A          SPONSORED ADR    55068R202     1007    43800 SH       DEFINED                     0    43800        0
MACYS INC                      COM              55616P104      173    10000 SH       DEFINED                     0    10000        0
MANITOWOC INC                  COM              563571108     3968   255200 SH       DEFINED                     0   255200        0
MANTECH INTL CORP              CL A             564563104     6949   117200 SH       DEFINED                     0   117200        0
MANULIFE FINL CORP             COM              56501R106     4503   122575 SH       DEFINED                     0   121000     1575
MARATHON OIL CORP              COM              565849106      754    20000 SH       DEFINED                     0    20000        0
MARKEL CORP                    COM              570535104     1441     4100 SH       DEFINED                     0     4100        0
MARRIOTT INTL INC NEW          CL A             571903202      639    24500 SH       DEFINED                     0    24500        0
MARSH & MCLENNAN COS INC       COM              571748102     2287    72000 SH       DEFINED                     0    72000        0
MARTEK BIOSCIENCES CORP        COM              572901106     3268   104000 SH       DEFINED                     0   104000        0
MARVEL ENTERTAINMENT INC       COM              57383T103     5650   165500 SH       DEFINED                     0   165500        0
MASIMO CORP                    COM              574795100     1812    48700 SH       DEFINED                     0    48700        0
MASSEY ENERGY CORP             COM              576206106     2782    78000 SH       DEFINED                     0    78000        0
MASTERCARD INC                 CL A             57636Q104     1649     9300 SH       DEFINED                     0     9300        0
MATRIX SVC CO                  COM              576853105      430    22500 SH       DEFINED                     0    22500        0
MATSUSHITA ELEC INDL           ADR              576879209     1993   115000 SH       DEFINED                     0   115000        0
MATTHEWS INTL CORP             CL A             577128101     3029    59700 SH       DEFINED                     0    59700        0
MAXTOR CORP                    NOTE 2.375% 8/1  577729AE6     1127  1250000 PRN      DEFINED                     0  1250000        0
MCCORMICK & CO INC             COM NON VTG      579780206     6575   171000 SH       DEFINED                     0   171000        0
MCDERMOTT INTL INC             COM              580037109     2941   115100 SH       DEFINED                     0   115100        0
MCDONALDS CORP                 COM              580135101     8626   139800 SH       DEFINED                     0   139800        0
MCKESSON CORP                  COM              58155Q103      969    18000 SH       DEFINED                     0    18000        0
MCMORAN EXPLORATION CO         NOTE 5.250%10/0  582411AE4      150   100000 PRN      DEFINED                     0   100000        0
MDU RES GROUP INC              COM              552690109     6206   214000 SH       DEFINED                     0   214000        0
MEDCO HEALTH SOLUTIONS INC     COM              58405U102     5922   131600 SH       DEFINED                     0   131600        0
MEDTRONIC INC                  NOTE 1.500% 4/1  585055AL0      249   250000 PRN      DEFINED                     0   250000        0
MEDTRONIC INC                  COM              585055106     3461    69300 SH       DEFINED                     0    68000     1300
MEMC ELECTR MATLS INC          COM              552715104     2920   104850 SH       DEFINED                     0   103700     1150
MENS WEARHOUSE INC             COM              587118100     1332    62700 SH       DEFINED                     0    62700        0
MENTOR CORP MINN               COM              587188103      576    24000 SH       DEFINED                     0    24000        0
MENTOR GRAPHICS CORP           SDCV 6.250% 3/0  587200AF3      222   250000 PRN      DEFINED                     0   250000        0
MERIDIAN BIOSCIENCE INC        COM              589584101     4283   147500 SH       DEFINED                     0   147500        0
METLIFE INC                    COM              59156R108     4014    74951 SH       DEFINED                     0    74651      300
METLIFE INC                    UNIT 02/15/2010  59156R702      288    25000 SH       DEFINED                     0    25000        0
METTLER TOLEDO INTERNATIONAL   COM              592688105     8203    83700 SH       DEFINED                     0    83700        0
MGM MIRAGE                     COM              552953101      246     8630 SH       DEFINED                     0     8630        0
MICROCHIP TECHNOLOGY INC       SDCV 2.125%12/1  595017AB0       48    50000 PRN      DEFINED                     0    50000        0
MICROS SYS INC                 COM              594901100     4500   168800 SH       DEFINED                     0   168800        0
MICROSOFT CORP                 COM              594918104     2230    88600 SH       DEFINED                     0    85000     3600
MIDDLEBY CORP                  COM              596278101     3841    70900 SH       DEFINED                     0    70900        0
MILLICOM INTL CELLULAR S A     SHS NEW          L6388F110     2410    35100 SH       DEFINED                     0    35100        0
MILLIPORE CORP                 NOTE 3.750% 6/0  601073AD1      189   200000 PRN      DEFINED                     0   200000        0
MILLIPORE CORP                 COM              601073109      201     3000 SH       DEFINED                     0     3000        0
MOBILE TELESYSTEMS OJSC        SPONSORED ADR    607409109     2590    46250 SH       DEFINED                     0    46000      250
MOHAWK INDS INC                COM              608190104      776    11525 SH       DEFINED                     0    11000      525
MOLSON COORS BREWING CO        CL B             60871R209      935    20000 SH       DEFINED                     0    20000        0
MOLSON COORS BREWING CO        NOTE 2.500% 7/3  60871RAA8      270   250000 PRN      DEFINED                     0   250000        0
MONSANTO CO NEW                COM              61166W101     6929    70000 SH       DEFINED                     0    70000        0
MONSTER WORLDWIDE INC          COM              611742107      149    10000 SH       DEFINED                     0    10000        0
MOOG INC                       CL A             615394202     3921    91450 SH       DEFINED                     0    91450        0
MORGAN STANLEY                 COM NEW          617446448      519    24500 SH       DEFINED                     0    24000      500
MOSAIC CO                      COM              61945A107     3900    57900 SH       DEFINED                     0    57900        0
MOTOROLA INC                   COM              620076109      174    25600 SH       DEFINED                     0    24000     1600
MSC INDL DIRECT INC            CL A             553530106     2833    61500 SH       DEFINED                     0    61500        0
MUELLER WTR PRODS INC          COM SER A        624758108      411    45800 SH       DEFINED                     0    45000      800
MURPHY OIL CORP                COM              626717102     2787    44000 SH       DEFINED                     0    44000        0
NABORS INDS INC                NOTE 0.940% 5/1  629568AP1      180   200000 PRN      DEFINED                     0   200000        0
NABORS INDUSTRIES LTD          SHS              G6359F103      707    30350 SH       DEFINED                     0    30000      350
NASDAQ OMX GROUP INC           COM              631103108      205     7000 SH       DEFINED                     0     7000        0
NATIONAL FUEL GAS CO N J       COM              636180101     1807    44000 SH       DEFINED                     0    44000        0
NATIONAL OILWELL VARCO INC     COM              637071101     2657    54000 SH       DEFINED                     0    54000        0
NATUS MEDICAL INC DEL          COM              639050103     1124    49600 SH       DEFINED                     0    49600        0
NAVIGATORS GROUP INC           COM              638904102      650    11200 SH       DEFINED                     0    11200        0
NCI BUILDING SYS INC           COM              628852105      340    10700 SH       DEFINED                     0    10700        0
NCI BUILDING SYS INC           NOTE 2.125%11/1  628852AG0      252   250000 PRN      DEFINED                     0   250000        0
NCR CORP NEW                   COM              62886E108     4196   190300 SH       DEFINED                     0   190300        0
NDS GROUP PLC                  SPONSORED ADR    628891103      481     8600 SH       DEFINED                     0     8600        0
NETAPP INC                     COM              64110D104      574    33650 SH       DEFINED                     0    32500     1150
NETFLIX INC                    COM              64110L106     3212   104000 SH       DEFINED                     0   104000        0
NEW ORIENTAL ED & TECH GRP I   SPON ADR         647581107     1799    28000 SH       DEFINED                     0    28000        0
NEWELL RUBBERMAID INC          COM              651229106      408    24000 SH       DEFINED                     0    24000        0
NEWFIELD EXPL CO               COM              651290108      592    19650 SH       DEFINED                     0    19250      400
NEWMARKET CORP                 COM              651587107     1256    23900 SH       DEFINED                     0    23900        0
NEWMONT MINING CORP            COM              651639106      828    21100 SH       DEFINED                     0    19500     1600
NEWS CORP                      CL B             65248E203      506    41910 SH       DEFINED                     0    40000     1910
NEXEN INC                      COM              65334H102      465    20000 SH       DEFINED                     0    20000        0
NICE SYS LTD                   SPONSORED ADR    653656108     2789   102400 SH       DEFINED                     0   102400        0
NII HLDGS INC                  CL B NEW         62913F201     3697    97500 SH       DEFINED                     0    97500        0
NII HLDGS INC                  NOTE 3.125% 6/1  62913FAJ1     1109  1500000 PRN      DEFINED                     0  1500000        0
NIKE INC                       CL B             654106103     6282    93900 SH       DEFINED                     0    93900        0
NOBLE CORPORATION              SHS              G65422100     1195    28720 SH       DEFINED                     0    27500     1220
NOKIA CORP                     SPONSORED ADR    654902204      802    45275 SH       DEFINED                     0    43500     1775
NORDSON CORP                   COM              655663102     2765    56300 SH       DEFINED                     0    56300        0
NORDSTROM INC                  COM              655664100     1545    54000 SH       DEFINED                     0    54000        0
NORFOLK SOUTHERN CORP          COM              655844108    10678   161400 SH       DEFINED                     0   161400        0
NORTHERN TR CORP               COM              665859104     3422    47400 SH       DEFINED                     0    47400        0
NORTHROP GRUMMAN CORP          COM              666807102     2089    34500 SH       DEFINED                     0    34500        0
NORTHWEST NAT GAS CO           COM              667655104     4560    87700 SH       DEFINED                     0    87700        0
NORTHWEST PIPE CO              COM              667746101      257     5900 SH       DEFINED                     0     5900        0
NOVARTIS A G                   SPONSORED ADR    66987V109     3140    59320 SH       DEFINED                     0    58500      820
NOVO-NORDISK A S               ADR              670100205     1311    25600 SH       DEFINED                     0    25600        0
NUANCE COMMUNICATIONS INC      COM              67020Y100     3942   323400 SH       DEFINED                     0   323400        0
NUCOR CORP                     COM              670346105      370    10000 SH       DEFINED                     0    10000        0
NUVASIVE INC                   COM              670704105     7469   151400 SH       DEFINED                     0   151400        0
NVIDIA CORP                    COM              67066G104      402    39540 SH       DEFINED                     0    39000      540
O REILLY AUTOMOTIVE INC        COM              686091109     1215    45400 SH       DEFINED                     0    45400        0
O2MICRO INTERNATIONAL LTD      SPONS ADR        67107W100       92    27000 SH       DEFINED                     0    27000        0
OCCIDENTAL PETE CORP DEL       COM              674599105     2114    30000 SH       DEFINED                     0    30000        0
OCEANEERING INTL INC           COM              675232102     2645    49600 SH       DEFINED                     0    49600        0
ODYSSEY RE HLDGS CORP          COM              67612W108     1183    27000 SH       DEFINED                     0    27000        0
OGE ENERGY CORP                COM              670837103      758    25000 SH       DEFINED                     0    25000        0
OLIN CORP                      COM PAR $1       680665205     2755   142000 SH       DEFINED                     0   142000        0
OMNICELL INC                   COM              68213N109     1026    78000 SH       DEFINED                     0    78000        0
OMNICOM GROUP INC              COM              681919106     2321    60200 SH       DEFINED                     0    60000      200
OMNITURE INC                   COM              68212S109     3017   164300 SH       DEFINED                     0   164300        0
ON ASSIGNMENT INC              COM              682159108     2837   360000 SH       DEFINED                     0   360000        0
ON SEMICONDUCTOR CORP          NOTE 2.625%12/1  682189AG0       86   100000 PRN      DEFINED                     0   100000        0
OPEN JT STK CO-VIMPEL COMMUN   SPONSORED ADR    68370R109     4514   224500 SH       DEFINED                     0   224500        0
ORACLE CORP                    COM              68389X105     3468   173420 SH       DEFINED                     0   172500      920
ORBITAL SCIENCES CORP          NOTE 2.438% 1/1  685564AN6      336   300000 PRN      DEFINED                     0   300000        0
ORBITAL SCIENCES CORP          COM              685564106     6175   257600 SH       DEFINED                     0   257600        0
ORIENT-EXPRESS HOTELS LTD      CL A             G67743107     1228    50900 SH       DEFINED                     0    50900        0
OSI PHARMACEUTICALS INC        COM              671040103     3426    69500 SH       DEFINED                     0    69500        0
OSI SYSTEMS INC                COM              671044105      463    20000 SH       DEFINED                     0    20000        0
OWENS & MINOR INC NEW          COM              690732102     8216   169400 SH       DEFINED                     0   169400        0
OWENS ILL INC                  COM NEW          690768403     2017    68601 SH       DEFINED                     0    68601        0
P T TELEKOMUNIKASI INDONESIA   SPONSORED ADR    715684106      673    22600 SH       DEFINED                     0    22600        0
PAETEC HOLDING CORP            COM              695459107      312   145000 SH       DEFINED                     0   145000        0
PALL CORP                      COM              696429307     2014    58700 SH       DEFINED                     0    58700        0
PANERA BREAD CO                CL A             69840W108     2901    57000 SH       DEFINED                     0    57000        0
PAREXEL INTL CORP              COM              699462107     7581   264500 SH       DEFINED                     0   264500        0
PARKER HANNIFIN CORP           COM              701094104     2234    42600 SH       DEFINED                     0    42600        0
PEABODY ENERGY CORP            COM              704549104     2025    45000 SH       DEFINED                     0    45000        0
PEABODY ENERGY CORP            SDCV 4.750%12/1  704549AG9       45    50000 PRN      DEFINED                     0    50000        0
PEDIATRIX MED GROUP            COM              705324101     4583    85000 SH       DEFINED                     0    85000        0
PENGROWTH ENERGY TR            TR UNIT NEW      706902509      824    56515 SH       DEFINED                     0    53000     3515
PENN NATL GAMING INC           COM              707569109     3964   149200 SH       DEFINED                     0   149200        0
PENN VA CORP                   COM              707882106     8379   156800 SH       DEFINED                     0   156800        0
PENN VA CORP                   NOTE 4.500%11/1  707882AA4       58    50000 PRN      DEFINED                     0    50000        0
PENNEY J C INC                 COM              708160106      414    12500 SH       DEFINED                     0    12000      500
PENTAIR INC                    COM              709631105      819    23650 SH       DEFINED                     0    23000      650
PEPCO HOLDINGS INC             COM              713291102     1541    67900 SH       DEFINED                     0    65500     2400
PERDIGAO S A                   SPONSORED ADR    71361V303      720    18400 SH       DEFINED                     0    18400        0
PERICOM SEMICONDUCTOR CORP     COM              713831105      257    24500 SH       DEFINED                     0    24500        0
PERKINELMER INC                COM              714046109     1176    47700 SH       DEFINED                     0    44500     3200
PERRIGO CO                     COM              714290103     9173   238500 SH       DEFINED                     0   238500        0
PETRO-CDA                      COM              71644E102     1042    32000 SH       DEFINED                     0    32000        0
PETROLEO BRASILEIRO SA PETRO   SPONSORED ADR    71654V408     2813    64000 SH       DEFINED                     0    64000        0
PETSMART INC                   COM              716768106      485    20000 SH       DEFINED                     0    20000        0
PFIZER INC                     COM              717081103     1013    57050 SH       DEFINED                     0    54000     3050
PG&E CORP                      COM              69331C108      747    20000 SH       DEFINED                     0    20000        0
PHARMACEUTICAL PROD DEV INC    COM              717124101     6327   153000 SH       DEFINED                     0   153000        0
PHASE FORWARD INC              COM              71721R406      667    31900 SH       DEFINED                     0    31900        0
PHILADELPHIA CONS HLDG CORP    COM              717528103     4727    80700 SH       DEFINED                     0    80700        0
PHILIP MORRIS INTL INC         COM              718172109      829    17240 SH       DEFINED                     0    17000      240
PHILIPPINE LONG DISTANCE TEL   SPONSORED ADR    718252604     1099    19500 SH       DEFINED                     0    19500        0
PHILLIPS VAN HEUSEN CORP       COM              718592108     6096   160800 SH       DEFINED                     0   160800        0
PINNACLE FINL PARTNERS INC     COM              72346Q104      240     7800 SH       DEFINED                     0     7800        0
PINNACLE WEST CAP CORP         COM              723484101      691    20000 SH       DEFINED                     0    20000        0
PLAINS EXPL& PRODTN CO         COM              726505100      634    20000 SH       DEFINED                     0    20000        0
PLANTRONICS INC NEW            COM              727493108      510    24100 SH       DEFINED                     0    23000     1100
PMC-SIERRA INC                 COM              69344F106     2834   382000 SH       DEFINED                     0   382000        0
PNC FINL SVCS GROUP INC        COM              693475105     1393    19547 SH       DEFINED                     0    19022      525
POLYCOM INC                    COM              73172K104      220    10000 SH       DEFINED                     0    10000        0
POTASH CORP SASK INC           COM              73755L107     6072    46000 SH       DEFINED                     0    46000        0
POWELL INDS INC                COM              739128106      469    11500 SH       DEFINED                     0    11500        0
POWERWAVE TECHNOLOGIES INC     NOTE 1.875%11/1  739363AD1      929  1500000 PRN      DEFINED                     0  1500000        0
PPL CORP                       COM              69351T106     1543    42200 SH       DEFINED                     0    42200        0
PRAXAIR INC                    COM              74005P104     9893   137900 SH       DEFINED                     0   137900        0
PRECISION CASTPARTS CORP       COM              740189105     6885    87400 SH       DEFINED                     0    87400        0
PREMIERE GLOBAL SVCS INC       COM              740585104     1520   108100 SH       DEFINED                     0   108100        0
PRICE T ROWE GROUP INC         COM              74144T108     3104    57800 SH       DEFINED                     0    57800        0
PRICESMART INC                 COM              741511109      310    18500 SH       DEFINED                     0    18500        0
PRIDE INTL INC DEL             COM              74153Q102      568    20000 SH       DEFINED                     0    20000        0
PRINCIPAL FINANCIAL GROUP IN   COM              74251V102     2718    63000 SH       DEFINED                     0    63000        0
PROASSURANCE CORP              COM              74267C106     5824   104000 SH       DEFINED                     0   104000        0
PROGRESS ENERGY INC            COM              743263105     1289    30000 SH       DEFINED                     0    30000        0
PROLOGIS                       NOTE 1.875%11/1  743410AR3     1369  2000000 PRN      DEFINED                     0  2000000        0
PROLOGIS                       SH BEN INT       743410102     2803    67925 SH       DEFINED                     0    67500      425
PROSPERITY BANCSHARES INC      COM              743606105      469    13800 SH       DEFINED                     0    13800        0
PRUDENTIAL FINL INC            COM              744320102      784    11900 SH       DEFINED                     0    11500      400
PS BUSINESS PKS INC CALIF      COM              69360J107      778    13500 SH       DEFINED                     0    13500        0
PSS WORLD MED INC              NOTE 2.250% 3/1  69366AAB6      117   100000 PRN      DEFINED                     0   100000        0
PSS WORLD MED INC              COM              69366A100     2942   151500 SH       DEFINED                     0   151500        0
PSYCHIATRIC SOLUTIONS INC      COM              74439H108     8083   213000 SH       DEFINED                     0   213000        0
PUBLIC SVC ENTERPRISE GROUP    COM              744573106     1705    52000 SH       DEFINED                     0    52000        0
QUAKER CHEM CORP               COM              747316107      433    15200 SH       DEFINED                     0    15200        0
QUALCOMM INC                   COM              747525103     2363    55000 SH       DEFINED                     0    55000        0
QUALITY SYS INC                COM              747582104     1099    26000 SH       DEFINED                     0    26000        0
QUANTA SVCS INC                COM              74762E102     7393   273724 SH       DEFINED                     0   273724        0
QUANTA SVCS INC                SDCV 4.500%10/0  74762EAC6      121    50000 PRN      DEFINED                     0    50000        0
QUEST DIAGNOSTICS INC          COM              74834L100     3278    64000 SH       DEFINED                     0    64000        0
QUESTAR CORP                   COM              748356102      818    20000 SH       DEFINED                     0    20000        0
QUICKSILVER RESOURCES INC      COM              74837R104     2252   114700 SH       DEFINED                     0   114700        0
QUIDEL CORP                    COM              74838J101      271    16500 SH       DEFINED                     0    16500        0
RALCORP HLDGS INC NEW          COM              751028101     4860    72100 SH       DEFINED                     0    72100        0
RANGE RES CORP                 COM              75281A109    11785   274900 SH       DEFINED                     0   274900        0
RAYMOND JAMES FINANCIAL INC    COM              754730109     3428   103950 SH       DEFINED                     0   103950        0
RAYONIER TRS HLDGS INC         NOTE 3.750%10/1  75508AAB2       98   100000 PRN      DEFINED                     0   100000        0
RAYTHEON CO                    COM NEW          755111507     4811    89900 SH       DEFINED                     0    89900        0
RBC BEARINGS INC               COM              75524B104      579    17200 SH       DEFINED                     0    17200        0
RECKSON OPER PARTNERSHIP L P   DEB 4.000% 6/1   75621LAJ3       86   100000 PRN      DEFINED                     0   100000        0
REGAL BELOIT CORP              COM              758750103     3117    73300 SH       DEFINED                     0    73300        0
REINSURANCE GROUP AMER INC     CL B             759351505      327     6902 SH       DEFINED                     0     6902        0
REINSURANCE GROUP AMER INC     PFD TR INC EQ    759351307     1363    22900 SH       DEFINED                     0    22900        0
RELIANT ENERGY INC             COM              75952B105      991   125500 SH       DEFINED                     0   123500     2000
REPUBLIC SVCS INC              COM              760759100     4232   141150 SH       DEFINED                     0   141150        0
RES-CARE INC                   COM              760943100      212    11700 SH       DEFINED                     0    11700        0
RESEARCH IN MOTION LTD         COM              760975102     3340    48900 SH       DEFINED                     0    48900        0
RESOURCES CONNECTION INC       COM              76122Q105     3244   144000 SH       DEFINED                     0   144000        0
RITCHIE BROS AUCTIONEERS       COM              767744105     3142   134500 SH       DEFINED                     0   134500        0
RLI CORP                       COM              749607107     4483    72200 SH       DEFINED                     0    72200        0
ROBBINS & MYERS INC            COM              770196103     9421   304600 SH       DEFINED                     0   304600        0
ROCK-TENN CO                   CL A             772739207     2919    73000 SH       DEFINED                     0    73000        0
ROCKWELL COLLINS INC           COM              774341101     3684    76600 SH       DEFINED                     0    76600        0
ROFIN SINAR TECHNOLOGIES INC   COM              775043102     2608    85200 SH       DEFINED                     0    85200        0
ROGERS COMMUNICATIONS INC      CL B             775109200     2420    72800 SH       DEFINED                     0    72800        0
ROLLINS INC                    COM              775711104      266    14000 SH       DEFINED                     0    14000        0
ROPER INDS INC NEW             COM              776696106     7439   130600 SH       DEFINED                     0   130600        0
ROPER INDS INC NEW             NOTE 1.481% 1/1  776696AA4      205   300000 PRN      DEFINED                     0   300000        0
ROSS STORES INC                COM              778296103     3423    93000 SH       DEFINED                     0    93000        0
ROWAN COS INC                  COM              779382100     1006    35500 SH       DEFINED                     0    35000      500
ROYAL BK CDA MONTREAL QUE      COM              780087102     3316    69057 SH       DEFINED                     0    69057        0
RUDDICK CORP                   COM              781258108     6023   185600 SH       DEFINED                     0   185600        0
RUSH ENTERPRISES INC           CL A             781846209     1121    87550 SH       DEFINED                     0    87550        0
RYDER SYS INC                  COM              783549108     3422    55500 SH       DEFINED                     0    55500        0
SADIA S A                      SPON ADR PFD     786326108     1827   194999 SH       DEFINED                     0   194999        0
SALESFORCE COM INC             COM              79466L302     5464   112900 SH       DEFINED                     0   112900        0
SANDISK CORP                   COM              80004C101      188    10000 SH       DEFINED                     0    10000        0
SANDISK CORP                   NOTE 1.000% 5/1  80004CAC5      970  1250000 PRN      DEFINED                     0  1250000        0
SANOFI AVENTIS                 SPONSORED ADR    80105N105     1280    40400 SH       DEFINED                     0    38500     1900
SAP AKTIENGESELLSCHAFT         SPONSORED ADR    803054204     5343   100000 SH       DEFINED                     0   100000        0
SAPIENT CORP                   COM              803062108     2965   399000 SH       DEFINED                     0   399000        0
SARA LEE CORP                  COM              803111103      442    35000 SH       DEFINED                     0    35000        0
SASOL LTD                      SPONSORED ADR    803866300      586    14000 SH       DEFINED                     0    14000        0
SATYAM COMPUTER SERVICES LTD   ADR              804098101      678    42000 SH       DEFINED                     0    42000        0
SAUER-DANFOSS INC              COM              804137107      516    20900 SH       DEFINED                     0    20900        0
SAVIENT PHARMACEUTICALS INC    COM              80517Q100      878    58900 SH       DEFINED                     0    58900        0
SBA COMMUNICATIONS CORP        COM              78388J106     5624   217400 SH       DEFINED                     0   217400        0
SCHEIN HENRY INC               COM              806407102     7952   147700 SH       DEFINED                     0   147700        0
SCHEIN HENRY INC               NOTE 3.000% 8/1  806407AB8       62    50000 PRN      DEFINED                     0    50000        0
SCHERING PLOUGH CORP           COM              806605101      459    26000 SH       DEFINED                     0    26000        0
SCHLUMBERGER LTD               COM              806857108     2366    30300 SH       DEFINED                     0    30300        0
SCHWAB CHARLES CORP NEW        COM              808513105     2834   109000 SH       DEFINED                     0   109000        0
SCIENTIFIC GAMES CORP          SDCV 0.750%12/0  80874PAD1      196   200000 PRN      DEFINED                     0   200000        0
SEAGATE TECHNOLOGY             SHS              G7945J104      277    23500 SH       DEFINED                     0    23500        0
SEI INVESTMENTS CO             COM              784117103      755    34000 SH       DEFINED                     0    34000        0
SEMPRA ENERGY                  COM              816851109     3450    68250 SH       DEFINED                     0    67700      550
SERVICE CORP INTL              COM              817565104      744    89000 SH       DEFINED                     0    89000        0
SESI L L C                     NOTE 1.500%12/1  78412FAH7      175   200000 PRN      DEFINED                     0   200000        0
SHAW COMMUNICATIONS INC        CL B CONV        82028K200     1484    73000 SH       DEFINED                     0    73000        0
SHAW GROUP INC                 COM              820280105     1137    37000 SH       DEFINED                     0    37000        0
SHERWIN WILLIAMS CO            COM              824348106     2115    37000 SH       DEFINED                     0    37000        0
SIEMENS A G                    SPONSORED ADR    826197501      579     6215 SH       DEFINED                     0     5800      415
SIGMA ALDRICH CORP             COM              826552101     7590   144800 SH       DEFINED                     0   144800        0
SILGAN HOLDINGS INC            COM              827048109     3525    69000 SH       DEFINED                     0    69000        0
SILICONWARE PRECISION INDS L   SPONSD ADR SPL   827084864      554    95950 SH       DEFINED                     0    95950        0
SIMON PPTY GROUP INC NEW       PFD CONV I 6%    828806802      236     3000 SH       DEFINED                     0     3000        0
SL GREEN RLTY CORP             COM              78440X101      259     4000 SH       DEFINED                     0     4000        0
SMITH INTL INC                 COM              832110100     1935    33000 SH       DEFINED                     0    33000        0
SMITHFIELD FOODS INC           COM              832248108      287    20000 SH       DEFINED                     0    20000        0
SNAP ON INC                    COM              833034101     6372   121000 SH       DEFINED                     0   121000        0
SOCIEDAD QUIMICA MINERA DE C   SPON ADR SER B   833635105     2078    84000 SH       DEFINED                     0    84000        0
SONIC CORP                     COM              835451105     3497   239999 SH       DEFINED                     0   239999        0
SONOSITE INC                   NOTE 3.750% 7/1  83568GAA2      151   145000 PRN      DEFINED                     0   145000        0
SONY CORP                      ADR NEW          835699307      461    15000 SH       DEFINED                     0    15000        0
SOUTH JERSEY INDS INC          COM              838518108     3795   106300 SH       DEFINED                     0   106300        0
SOUTHERN CO                    COM              842587107     2508    67000 SH       DEFINED                     0    67000        0
SOUTHERN UN CO NEW             COM              844030106     2819   136500 SH       DEFINED                     0   136500        0
SOUTHWESTERN ENERGY CO         COM              845467109     5222   171000 SH       DEFINED                     0   171000        0
SPARTAN STORES INC             COM              846822104      386    15500 SH       DEFINED                     0    15500        0
SPX CORP                       COM              784635104     2210    28700 SH       DEFINED                     0    28700        0
ST JUDE MED INC                COM              790849103     6002   138000 SH       DEFINED                     0   138000        0
ST MARY LD & EXPL CO           COM              792228108      842    25000 SH       DEFINED                     0    25000        0
STANLEY INC                    COM              854532108     3566    96600 SH       DEFINED                     0    96600        0
STERICYCLE INC                 COM              858912108     9119   154800 SH       DEFINED                     0   154800        0
STERIS CORP                    COM              859152100     4410   118000 SH       DEFINED                     0   118000        0
STIFEL FINL CORP               COM              860630102     5389   108000 SH       DEFINED                     0   108000        0
STRAYER ED INC                 COM              863236105    10474    52300 SH       DEFINED                     0    52300        0
STRYKER CORP                   COM              863667101     4127    66250 SH       DEFINED                     0    65000     1250
SUN HEALTHCARE GROUP INC       COM NEW          866933401     1758   119900 SH       DEFINED                     0   119900        0
SUN HYDRAULICS CORP            COM              866942105      721    27700 SH       DEFINED                     0    27700        0
SUN LIFE FINL INC              COM              866796105     2232    63100 SH       DEFINED                     0    63100        0
SUNCOR ENERGY INC              COM              867229106     5822   139000 SH       DEFINED                     0   139000        0
SUNTRUST BKS INC               COM              867914103      260     6475 SH       DEFINED                     0     6250      225
SUPERIOR ENERGY SVCS INC       COM              868157108     2262    72650 SH       DEFINED                     0    72000      650
SUPERVALU INC                  COM              868536103      426    19000 SH       DEFINED                     0    19000        0
SVB FINL GROUP                 COM              78486Q101     2566    44300 SH       DEFINED                     0    44300        0
SWIFT ENERGY CO                COM              870738101      982    26575 SH       DEFINED                     0    26200      375
SYBASE INC                     COM              871130100     1818    59620 SH       DEFINED                     0    58400     1220
SYBASE INC                     NOTE 1.750% 2/2  871130AB6      321   250000 PRN      DEFINED                     0   250000        0
SYMANTEC CORP                  COM              871503108     3041   156300 SH       DEFINED                     0   155500      800
SYMANTEC CORP                  NOTE 1.000% 6/1  871503AF5      164   150000 PRN      DEFINED                     0   150000        0
SYNAPTICS INC                  COM              87157D109     5790   191600 SH       DEFINED                     0   191600        0
SYNGENTA AG                    SPONSORED ADR    87160A100     1557    36800 SH       DEFINED                     0    36800        0
SYNIVERSE HLDGS INC            COM              87163F106     1312    79000 SH       DEFINED                     0    79000        0
SYNOVIS LIFE TECHNOLOGIES IN   COM              87162G105      277    14700 SH       DEFINED                     0    14700        0
SYSCO CORP                     COM              871829107     2109    68400 SH       DEFINED                     0    68000      400
T-3 ENERGY SRVCS INC           COM              87306E107      486    13100 SH       DEFINED                     0    13100        0
TALISMAN ENERGY INC            COM              87425E103      242    17000 SH       DEFINED                     0    17000        0
TATA MTRS LTD                  SPONSORED ADR    876568502      146    20000 SH       DEFINED                     0    20000        0
TAUBMAN CTRS INC               COM              876664103     4635    92700 SH       DEFINED                     0    92700        0
TBS INTERNATIONAL LIMITED      COM CL A         G86975151      318    25000 SH       DEFINED                     0    25000        0
TECH DATA CORP                 DBCV 2.750%12/1  878237AE6     2106  2450000 PRN      DEFINED                     0  2450000        0
TECHNE CORP                    COM              878377100     8092   112200 SH       DEFINED                     0   112200        0
TECO ENERGY INC                COM              872375100      930    60300 SH       DEFINED                     0    60000      300
TELE NORTE LESTE PART S A      SPON ADR PFD     879246106      716    41000 SH       DEFINED                     0    41000        0
TELECOM CORP NEW ZEALAND LTD   SPONSORED ADR    879278208      322    36219 SH       DEFINED                     0    32111     4108
TELEDYNE TECHNOLOGIES INC      COM              879360105     7299   127700 SH       DEFINED                     0   127700        0
TELEFLEX INC                   COM              879369106      983    15500 SH       DEFINED                     0    15500        0
TELEFONICA S A                 SPONSORED ADR    879382208     2917    41000 SH       DEFINED                     0    40300      700
TELEFONOS DE MEXICO S A B      SPON ADR ORD L   879403780      927    36000 SH       DEFINED                     0    36000        0
TELMEX INTERNACIONAL SAB DE    SPONS ADR SR L   879690105      468    36000 SH       DEFINED                     0    36000        0
TEMPUR PEDIC INTL INC          COM              88023U101      446    40025 SH       DEFINED                     0    38000     2025
TENARIS S A                    SPONSORED ADR    88031M109     4960   133000 SH       DEFINED                     0   133000        0
TENNANT CO                     COM              880345103     2662    77700 SH       DEFINED                     0    77700        0
TEREX CORP NEW                 COM              880779103     3742   123415 SH       DEFINED                     0   122400     1015
TERRA INDS INC                 COM              880915103     2558    87000 SH       DEFINED                     0    87000        0
TESORO CORP                    COM              881609101     1030    62000 SH       DEFINED                     0    62000        0
TETRA TECH INC NEW             COM              88162G103     3358   140100 SH       DEFINED                     0   139000     1100
TEVA PHARMACEUTICAL FIN II L   DBCV 0.500% 2/0  88164RAA5      306   250000 PRN      DEFINED                     0   250000        0
TEVA PHARMACEUTICAL INDS LTD   ADR              881624209     6350   140000 SH       DEFINED                     0   140000        0
TEXAS INSTRS INC               COM              882508104      456    21200 SH       DEFINED                     0    21200        0
THERMO FISHER SCIENTIFIC INC   COM              883556102    10483   190600 SH       DEFINED                     0   190600        0
THOMAS & BETTS CORP            COM              884315102     4968   128150 SH       DEFINED                     0   126900     1250
THORATEC CORP                  COM NEW          885175307     3098   118000 SH       DEFINED                     0   118000        0
TIME WARNER INC                COM              887317105     1003    77650 SH       DEFINED                     0    77000      650
TITAN INTL INC ILL             COM              88830M102      533    25000 SH       DEFINED                     0    25000        0
TITANIUM METALS CORP           COM NEW          888339207      393    36575 SH       DEFINED                     0    35000     1575
TJX COS INC NEW                COM              872540109     4709   154300 SH       DEFINED                     0   154300        0
TORCHMARK CORP                 COM              891027104      359     6000 SH       DEFINED                     0     6000        0
TORO CO                        COM              891092108     4820   116700 SH       DEFINED                     0   116700        0
TORONTO DOMINION BK ONT        COM NEW          891160509     1201    19684 SH       DEFINED                     0    19684        0
TOTAL S A                      SPONSORED ADR    89151E109     1936    31900 SH       DEFINED                     0    31800      100
TOWER GROUP INC                COM              891777104      497    21100 SH       DEFINED                     0    21100        0
TRANSCANADA CORP               COM              89353D107      940    26000 SH       DEFINED                     0    26000        0
TRANSOCEAN INC NEW             SHS              G90073100     3201    29354 SH       DEFINED                     0    28900      454
TRANSOCEAN SEDCO FOREX INC     NOTE 1.500%12/1  893830AV1      367   400000 PRN      DEFINED                     0   400000        0
TRIMBLE NAVIGATION LTD         COM              896239100     4192   162100 SH       DEFINED                     0   162100        0
TRINITY INDS INC               NOTE 3.875% 6/0  896522af6      198   200000 PRN      DEFINED                     0   200000        0
TRIUMPH GROUP INC NEW          COM              896818101     3035    66400 SH       DEFINED                     0    66400        0
TUPPERWARE BRANDS CORP         COM              899896104     6139   222200 SH       DEFINED                     0   221800      400
TURKCELL ILETISIM HIZMETLERI   SPON ADR NEW     900111204      292    20000 SH       DEFINED                     0    20000        0
TYCO ELECTRONICS LTD           COM NEW          G9144P105      838    33175 SH       DEFINED                     0    32000     1175
TYCO INTL LTD BERMUDA          SHS              G9143X208     1012    29575 SH       DEFINED                     0    28000     1575
TYLER TECHNOLOGIES INC         COM              902252105      440    29000 SH       DEFINED                     0    29000        0
UGI CORP NEW                   COM              902681105     2418    93800 SH       DEFINED                     0    93800        0
ULTIMATE SOFTWARE GROUP INC    COM              90385D107      645    23900 SH       DEFINED                     0    23900        0
ULTRALIFE CORP                 COM              903899102      393    50000 SH       DEFINED                     0    50000        0
ULTRAPAR PARTICIPACOES S A     SP ADR REP PFD   90400P101      315    12600 SH       DEFINED                     0    12600        0
UMB FINL CORP                  COM              902788108      746    14200 SH       DEFINED                     0    14200        0
UNIBANCO-UNIAO DE BANCOS BRA   GDR REP PFD UT   90458E107     1327    13300 SH       DEFINED                     0    13300        0
UNIFIRST CORP MASS             COM              904708104     3275    76000 SH       DEFINED                     0    76000        0
UNILEVER PLC                   SPON ADR NEW     904767704     1278    47400 SH       DEFINED                     0    47400        0
UNION PAC CORP                 COM              907818108     5906    83000 SH       DEFINED                     0    83000        0
UNITED AUTO GROUP INC          NOTE 3.500% 4/0  909440AH2      171   200000 PRN      DEFINED                     0   200000        0
UNITED STATES STL CORP NEW     COM              912909108     2018    26000 SH       DEFINED                     0    26000        0
UNITED TECHNOLOGIES CORP       COM              913017109     3483    58000 SH       DEFINED                     0    58000        0
UNITED THERAPEUTICS CORP DEL   COM              91307C102     8009    76150 SH       DEFINED                     0    76150        0
UNIVERSAL ELECTRS INC          COM              913483103      330    13200 SH       DEFINED                     0    13200        0
UNUM GROUP                     COM              91529Y106      487    20000 SH       DEFINED                     0    20000        0
URBAN OUTFITTERS INC           COM              917047102     8758   274800 SH       DEFINED                     0   274800        0
URS CORP NEW                   COM              903236107     5997   163534 SH       DEFINED                     0   163534        0
V F CORP                       COM              918204108     2876    37200 SH       DEFINED                     0    37200        0
VAIL RESORTS INC               COM              91879Q109     3705   106000 SH       DEFINED                     0   106000        0
VALEANT PHARMACEUTICALS INTL   NOTE 4.000%11/1  91911XAD6      698   750000 PRN      DEFINED                     0   750000        0
VALERO ENERGY CORP NEW         COM              91913Y100      494    16450 SH       DEFINED                     0    16200      250
VALMONT INDS INC               COM              920253101     9848   119100 SH       DEFINED                     0   119100        0
VARIAN INC                     COM              922206107     3179    74100 SH       DEFINED                     0    74100        0
VARIAN MED SYS INC             COM              92220P105     6595   115550 SH       DEFINED                     0   115550        0
VCA ANTECH INC                 COM              918194101      984    33400 SH       DEFINED                     0    33400        0
VERISIGN INC                   COM              92343E102     1179    45200 SH       DEFINED                     0    45200        0
VERISIGN INC                   SDCV 3.250% 8/1  92343EAD4       45    50000 PRN      DEFINED                     0    50000        0
VERIZON COMMUNICATIONS INC     COM              92343V104      353    11335 SH       DEFINED                     0    10500      835
VNUS MED TECHNOLOGIES INC      COM              928566108      216    10300 SH       DEFINED                     0    10300        0
VOCUS INC                      COM              92858J108      492    14500 SH       DEFINED                     0    14500        0
VODAFONE GROUP PLC NEW         SPONS ADR NEW    92857W209      456    21187 SH       DEFINED                     0    20250      937
VORNADO RLTY L P               DBCV 3.625%11/1  929043AE7      292   350000 PRN      DEFINED                     0   350000        0
VOTORANTIM CELULOSE E PAPEL    SPONSORED ADR    92906P106     2501   162300 SH       DEFINED                     0   162300        0
WABTEC CORP                    COM              929740108     9216   179900 SH       DEFINED                     0   179900        0
WAL MART STORES INC            COM              931142103     7712   129375 SH       DEFINED                     0   128000     1375
WALGREEN CO                    COM              931422109     2081    67200 SH       DEFINED                     0    66500      700
WARNACO GROUP INC              COM NEW          934390402    11522   254400 SH       DEFINED                     0   254400        0
WASTE CONNECTIONS INC          COM              941053100     8661   252500 SH       DEFINED                     0   252500        0
WASTE CONNECTIONS INC          NOTE 3.750% 4/0  941053AG5      280   250000 PRN      DEFINED                     0   250000        0
WASTE MGMT INC DEL             COM              94106L109     3138    99650 SH       DEFINED                     0    99000      650
WATERS CORP                    COM              941848103     2583    44400 SH       DEFINED                     0    44400        0
WATSON PHARMACEUTICALS INC     COM              942683103      826    30000 SH       DEFINED                     0    30000        0
WATSON WYATT WORLDWIDE INC     CL A             942712100     8071   162300 SH       DEFINED                     0   162300        0
WATTS WATER TECHNOLOGIES INC   CL A             942749102      949    35000 SH       DEFINED                     0    35000        0
WEATHERFORD INTERNATIONAL LT   COM              G95089101     3340   134500 SH       DEFINED                     0   134500        0
WELLCARE HEALTH PLANS INC      COM              94946T106      415    11525 SH       DEFINED                     0    10900      625
WELLPOINT INC                  COM              94973V107      356     8000 SH       DEFINED                     0     8000        0
WELLS FARGO & CO NEW           COM              949746101     7079   191805 SH       DEFINED                     0   190250     1555
WESCO INTL INC                 COM              95082P105      320    10000 SH       DEFINED                     0    10000        0
WESCO INTL INC                 DBCV 2.625%10/1  95082PAE5      231   250000 PRN      DEFINED                     0   250000        0
WESCO INTL INC                 NOTE 1.750%11/1  95082PAG0     1456  1850000 PRN      DEFINED                     0  1850000        0
WEST PHARMACEUTICAL SVSC INC   COM              955306105     5741   117600 SH       DEFINED                     0   117600        0
WESTAR ENERGY INC              COM              95709T100      817    35000 SH       DEFINED                     0    35000        0
WESTERN DIGITAL CORP           COM              958102105      629    32200 SH       DEFINED                     0    30000     2200
WESTERN UN CO                  COM              959802109     1110    45000 SH       DEFINED                     0    45000        0
WEYERHAEUSER CO                COM              962166104      465     8000 SH       DEFINED                     0     8000        0
WHOLE FOODS MKT INC            COM              966837106      468    24000 SH       DEFINED                     0    24000        0
WILEY JOHN & SONS INC          CL A             968223206      526    13000 SH       DEFINED                     0    13000        0
WILLBROS GROUP INC             COM              969199108     3861   145700 SH       DEFINED                     0   145700        0
WIMM BILL DANN FOODS OJSC      SPONSORED ADR    97263M109      518     7300 SH       DEFINED                     0     7300        0
WMS INDS INC                   COM              929297109     6432   210400 SH       DEFINED                     0   210400        0
WOLVERINE WORLD WIDE INC       COM              978097103     2878   108750 SH       DEFINED                     0   108750        0
WOODWARD GOVERNOR CO           COM              980745103     8306   235500 SH       DEFINED                     0   235500        0
WORLD ACCEP CORP DEL           COM              981419104      529    14700 SH       DEFINED                     0    14700        0
WRIGHT EXPRESS CORP            COM              98233Q105     1837    61550 SH       DEFINED                     0    61200      350
WRIGLEY WM JR CO               COM              982526105     3922    49400 SH       DEFINED                     0    49400        0
WYETH                          COM              983024100      673    18350 SH       DEFINED                     0    17000     1350
WYETH                          DBCV 1/1         983024AD2      194   200000 PRN      DEFINED                     0   200000        0
WYNDHAM WORLDWIDE CORP         COM              98310W108      298    20000 SH       DEFINED                     0    20000        0
XCEL ENERGY INC                COM              98389B100     1089    55000 SH       DEFINED                     0    55000        0
XENOPORT INC                   COM              98411C100      305     6300 SH       DEFINED                     0     6300        0
XILINX INC                     DBCV 3.125% 3/1  983919AD3      974  1200000 PRN      DEFINED                     0  1200000        0
XTO ENERGY INC                 COM              98385X106     9508   204382 SH       DEFINED                     0   204382        0
YAMANA GOLD INC                COM              98462Y100      214    25000 SH       DEFINED                     0    25000        0
YELLOW ROADWAY CORP            NOTE 5.000% 8/0  985577AA3       86   100000 PRN      DEFINED                     0   100000        0
YINGLI GREEN ENERGY HLDG CO    NOTE 12/1        98584BAA1     1780  2200000 PRN      DEFINED                     0  2200000        0
YUM BRANDS INC                 COM              988498101     2785    85400 SH       DEFINED                     0    85400        0
ZENITH NATL INS CORP           COM              989390109     1249    34100 SH       DEFINED                     0    34100        0
ZIMMER HLDGS INC               COM              98956P102      798    12800 SH       DEFINED                     0    12000      800
ZOLL MED CORP                  COM              989922109     4793   146500 SH       DEFINED                     0   146500        0
ZOLTEK COS INC                 COM              98975W104     2507   146700 SH       DEFINED                     0   146700        0