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

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2007

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:    Labranche & Co Inc.
Address: One Exchange Plaza
         New York, NY  10006

13F File Number:  28-10499

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:      Jeffrey A. McCutcheon
Title:     Senior Vice President and Chief Financial Officer
Phone:     212-820-6220

Signature, Place, and Date of Signing:

     /s/ Jeffrey A. McCutcheon     New York, NY     May 02, 2007

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:         2

Form13F Information Table Entry Total:     1044

Form13F Information Table Value Total:     $3,613,570 (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.

No.  13F File Number               Name

01   28-10500                      Labranche & Co., LLC
02   28-10501                      Labranche Structured Products, LLC



                                    
                                                     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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
24/7 REAL MEDIA INC            COM NEW          901314203      242    30134 SH       DEFINED 02                  0    30134        0
3M CO                          COM              88579Y101      233     3053 SH       DEFINED 01                  0     3053        0
3M CO                          COM              88579Y101     8499   111202 SH       DEFINED 02                  0   111202        0
ABBOTT LABS                    COM              002824100     6138   110003 SH       DEFINED 02                  0   110003        0
ABBOTT LABS                    COM              002824100      676      919 SH  CALL DEFINED 02                  0      919        0
ABBOTT LABS                    COM              002824100     1166     2100 SH  PUT  DEFINED 02                  0     2100        0
ABERCROMBIE & FITCH CO         CL A             002896207    10839   143225 SH       DEFINED 02                  0   143225        0
ABN AMRO HLDG NV               SPONSORED ADR    000937102      419     9733 SH       DEFINED 01                  0     9733        0
ACME PACKET INC                COM              004764106      414    28008 SH       DEFINED 02                  0    28008        0
ACTIVISION INC NEW             COM NEW          004930202      352    18600 SH       DEFINED 02                  0    18600        0
ACTUANT CORP                   CL A NEW         00508X203      560    11025 SH       DEFINED 01                  0    11025        0
ADAMS RESPIRATORY THERAPEUTI   COM              00635P107      664    19740 SH       DEFINED 02                  0    19740        0
ADAPTEC INC                    COM              00651F108      117    30155 SH       DEFINED 02                  0    30155        0
ADOBE SYS INC                  COM              00724F101     1291    30969 SH       DEFINED 02                  0    30969        0
ADTRAN INC                     COM              00738A106      440    18051 SH       DEFINED 02                  0    18051        0
ADVANCE AMER CASH ADVANCE CT   COM              00739W107      449    29207 SH       DEFINED 02                  0    29207        0
ADVANCE AUTO PARTS INC         COM              00751Y106      752    19498 SH       DEFINED 02                  0    19498        0
ADVANCED MAGNETICS INC         COM              00753P103    17551   291205 SH       DEFINED 02                  0   291205        0
ADVANTAGE ENERGY INCOME FD     TR UNIT          00762L101      369    35900 SH       DEFINED 02                  0    35900        0
AEROPOSTALE                    COM              007865108      847    21043 SH       DEFINED 02                  0    21043        0
AFFILIATED COMPUTER SERVICES   CL A             008190100     1063    18054 SH       DEFINED 02                  0    18054        0
AGERE SYS INC                  COM              00845V308      376    16632 SH       DEFINED 02                  0    16632        0
AGILENT TECHNOLOGIES INC       COM              00846U101     2224    66018 SH       DEFINED 02                  0    66018        0
AGILENT TECHNOLOGIES INC       COM              00846U101      559    16580 SH       DEFINED 01                  0    16580        0
AGL RES INC                    COM              001204106      584    13675 SH       DEFINED 02                  0    13675        0
AGNICO EAGLE MINES LTD         COM              008474108     2165    61126 SH       DEFINED 02                  0    61126        0
AGRIUM INC                     COM              008916108      632    16500 SH       DEFINED 02                  0    16500        0
AIR METHODS CORP               COM PAR $.06     009128307      443    18456 SH       DEFINED 02                  0    18456        0
AIRGAS INC                     COM              009363102      979    23235 SH       DEFINED 02                  0    23235        0
ALBEMARLE CORP                 COM              012653101      318     7694 SH       DEFINED 02                  0     7694        0
ALBERTO CULVER CO NEW          COM              013078100      218     9544 SH       DEFINED 02                  0     9544        0
ALCATEL-LUCENT                 SPONSORED ADR    013904305     2630   222477 SH       DEFINED 02                  0   222477        0
ALCON INC                      COM SHS          H01301102      495     3752 SH       DEFINED 02                  0     3752        0
ALEXANDER & BALDWIN INC        COM              014482103     1437    28490 SH       DEFINED 02                  0    28490        0
ALLIANCE DATA SYSTEMS CORP     COM              018581108     1065    17288 SH       DEFINED 02                  0    17288        0
ALLIANT ENERGY CORP            COM              018802108      972    21696 SH       DEFINED 02                  0    21696        0
ALLIANT TECHSYSTEMS INC        COM              018804104      204     2325 SH       DEFINED 01                  0     2325        0
ALLIANT TECHSYSTEMS INC        COM              018804104     1008    11469 SH       DEFINED 02                  0    11469        0
ALLIED CAP CORP NEW            COM              01903Q108      600    20837 SH       DEFINED 02                  0    20837        0
ALLIED WASTE INDS INC          COM PAR$.01NEW   019589308      380    30180 SH       DEFINED 02                  0    30180        0
ALON USA ENERGY INC            COM              020520102      911    25164 SH       DEFINED 02                  0    25164        0
ALPHA NATURAL RESOURCES INC    COM              02076X102      643    41121 SH       DEFINED 02                  0    41121        0
ALTERA CORP                    COM              021441100      338     1350 SH  CALL DEFINED 02                  0     1350        0
ALTRIA GROUP INC               COM              02209S103   227288  2588405 SH       DEFINED 02                  0  2588405        0
AMB PROPERTY CORP              COM              00163T109      270     4594 SH       DEFINED 02                  0     4594        0
AMEDISYS INC                   COM              023436108      511    15769 SH       DEFINED 02                  0    15769        0
AMERICAN COMMERCIAL LINES      COM NEW          025195207     1103    35074 SH       DEFINED 02                  0    35074        0
AMERICAN EXPRESS CO            COM              025816109     1158    20524 SH       DEFINED 01                  0    20524        0
AMERICAN EXPRESS CO            COM              025816109    10243   181618 SH       DEFINED 02                  0   181618        0
AMERICAN FINL GROUP INC OHIO   COM              025932104      464    13630 SH       DEFINED 02                  0    13630        0
AMERICAN FINL RLTY TR          COM              02607P305      386    38320 SH       DEFINED 01                  0    38320        0
AMERICAN GREETINGS CORP        CL A             026375105      598    25759 SH       DEFINED 02                  0    25759        0
AMERICAN INTL GROUP INC        COM              026874107     3326    49480 SH       DEFINED 02                  0    49480        0
AMERICAN ORIENTAL BIOENGR IN   COM              028731107     4217   449080 SH       DEFINED 02                  0   449080        0
AMERICAN STD COS INC DEL       COM              029712106      971    18308 SH       DEFINED 02                  0    18308        0
AMERICAN TOWER CORP            CL A             029912201     2602    66806 SH       DEFINED 02                  0    66806        0
AMERICAN VANGUARD CORP         COM              030371108      587    34362 SH       DEFINED 02                  0    34362        0
AMERICREDIT CORP               COM              03060R101      463    20232 SH       DEFINED 02                  0    20232        0
AMETEK INC NEW                 COM              031100100      625    18101 SH       DEFINED 02                  0    18101        0
AMGEN INC                      COM              031162100     1519     3471 SH  PUT  DEFINED 02                  0     3471        0
AMPHENOL CORP NEW              CL A             032095101      653    10107 SH       DEFINED 02                  0    10107        0
ANADARKO PETE CORP             COM              032511107      515    11990 SH       DEFINED 02                  0    11990        0
ANADYS PHARMACEUTICALS INC     COM              03252Q408       67    16946 SH       DEFINED 02                  0    16946        0
ANDREW CORP                    COM              034425108      123    11639 SH       DEFINED 02                  0    11639        0
ANHEUSER BUSCH COS INC         COM              035229103    10821   214454 SH       DEFINED 02                  0   214454        0
ANTIGENICS INC DEL             COM              037032109      245   109800 SH       DEFINED 02                  0   109800        0
AON CORP                       COM              037389103     3048    80283 SH       DEFINED 02                  0    80283        0
APPLE INC                      COM              037833100     5152    55455 SH       DEFINED 02                  0    55455        0
APPLE INC                      COM              037833100      685      227 SH  CALL DEFINED 02                  0      227        0
APPLE INC                      COM              037833100      863     8733 SH  PUT  DEFINED 02                  0     8733        0
APPLEBEES INTL INC             COM              037899101      346    13970 SH       DEFINED 02                  0    13970        0
APPLIED MICRO CIRCUITS CORP    COM              03822W109      679   186134 SH       DEFINED 02                  0   186134        0
APRIA HEALTHCARE GROUP INC     COM              037933108      285     8833 SH       DEFINED 02                  0     8833        0
AQUA AMERICA INC               COM              03836W103      507    22567 SH       DEFINED 02                  0    22567        0
AQUILA INC                     COM              03840P102      411    98443 SH       DEFINED 02                  0    98443        0
ARCELOR MITTAL                 NY REG SH CL A   03937E101      372     7029 SH       DEFINED 02                  0     7029        0
ARCH COAL INC                  COM              039380100     7069   230331 SH       DEFINED 02                  0   230331        0
ARCH COAL INC                  COM              039380100     1992     6800 SH  CALL DEFINED 02                  0     6800        0
ARCH COAL INC                  COM              039380100      795     5204 SH  PUT  DEFINED 02                  0     5204        0
ARCHER DANIELS MIDLAND CO      COM              039483102     2675    72880 SH       DEFINED 02                  0    72880        0
ARCHSTONE SMITH TR             COM              039583109      284     5236 SH       DEFINED 01                  0     5236        0
ARCHSTONE SMITH TR             COM              039583109      347     6387 SH       DEFINED 02                  0     6387        0
ARENA PHARMACEUTICALS INC      COM              040047102      475    43738 SH       DEFINED 02                  0    43738        0
ARIAD PHARMACEUTICALS INC      COM              04033A100      704   156854 SH       DEFINED 02                  0   156854        0
ARROW ELECTRS INC              COM              042735100     1469    38901 SH       DEFINED 02                  0    38901        0
ARTHROCARE CORP                COM              043136100      492    13644 SH       DEFINED 02                  0    13644        0
ASM INTL N V                   COM              N07045102      337    15200 SH       DEFINED 02                  0    15200        0
ASSOCIATED BANC CORP           COM              045487105      715    21289 SH       DEFINED 02                  0    21289        0
ASSURED GUARANTY LTD           COM              G0585R106      441    16147 SH       DEFINED 01                  0    16147        0
ASTEC INDS INC                 COM              046224101      961    23871 SH       DEFINED 02                  0    23871        0
ASTORIA FINL CORP              COM              046265104      404    15189 SH       DEFINED 02                  0    15189        0
ASTRAZENECA PLC                SPONSORED ADR    046353108      574    10700 SH       DEFINED 02                  0    10700        0
AT&T INC                       COM              00206R102      777    19699 SH       DEFINED 01                  0    19699        0
AU OPTRONICS CORP              SPONSORED ADR    002255107      214    14941 SH       DEFINED 02                  0    14941        0
AUDIOCODES LTD                 ORD              M15342104      239    35328 SH       DEFINED 02                  0    35328        0
AUTOBYTEL INC                  COM              05275N106      820   231698 SH       DEFINED 02                  0   231698        0
AVAYA INC                      COM              053499109      217    18383 SH       DEFINED 02                  0    18383        0
AVNET INC                      COM              053807103      787    21786 SH       DEFINED 02                  0    21786        0
AVON PRODS INC                 COM              054303102     2324    62368 SH       DEFINED 02                  0    62368        0
BAIDU COM INC                  SPON ADR REP A   056752108      898     9300 SH       DEFINED 01                  0     9300        0
BALL CORP                      COM              058498106      229     4990 SH       DEFINED 02                  0     4990        0
BANCOLOMBIA S A                SPON ADR PREF    05968L102      890    32150 SH       DEFINED 02                  0    32150        0
BANK HAWAII CORP               COM              062540109      397     7480 SH       DEFINED 02                  0     7480        0
BANK NEW YORK INC              COM              064057102      340     8382 SH       DEFINED 02                  0     8382        0
BANK OF AMERICA CORPORATION    COM              060505104    20282   397540 SH       DEFINED 02                  0   397540        0
BANKUNITED FINL CORP           CL A             06652B103      819    38596 SH       DEFINED 02                  0    38596        0
BARCLAYS BK PLC                DJAIG CMDTY 36   06738C778      356     7000 SH       DEFINED 02                  0     7000        0
BARCLAYS BK PLC                GSCI TTL RET36   06738C794     2065    48998 SH       DEFINED 02                  0    48998        0
BARRICK GOLD CORP              COM              067901108      625    21880 SH       DEFINED 01                  0    21880        0
BAUSCH & LOMB INC              COM              071707103      984    19234 SH       DEFINED 02                  0    19234        0
BEACON ROOFING SUPPLY INC      COM              073685109      192    11854 SH       DEFINED 02                  0    11854        0
BELDEN CDT INC                 COM              077454106      349     6506 SH       DEFINED 01                  0     6506        0
BELDEN CDT INC                 COM              077454106      304     5671 SH       DEFINED 02                  0     5671        0
BELO CORP                      COM SER A        080555105      220    11767 SH       DEFINED 02                  0    11767        0
BERRY PETE CO                  CL A             085789105      326    10638 SH       DEFINED 02                  0    10638        0
BHP BILLITON LTD               SPONSORED ADR    088606108      380     7850 SH       DEFINED 02                  0     7850        0
BIOCRYST PHARMACEUTICALS       COM              09058V103      392    46791 SH       DEFINED 02                  0    46791        0
BIOMET INC                     COM              090613100     1000    23530 SH       DEFINED 02                  0    23530        0
BIOTECH HOLDRS TR              DEPOSTRY RCPTS   09067D201   126970   721420 SH       DEFINED 02                  0   721420        0
BLACK & DECKER CORP            COM              091797100      688     8425 SH       DEFINED 02                  0     8425        0
BLDRS INDEX FDS TR             EMER MK 50 ADR   09348R300      550    13954 SH       DEFINED 02                  0    13954        0
BLUE COAT SYSTEMS INC          COM NEW          09534T508     1579    42996 SH       DEFINED 02                  0    42996        0
BOARDWALK PIPELINE PARTNERS    UT LTD PARTNER   096627104      486    13195 SH       DEFINED 02                  0    13195        0
BOB EVANS FARMS INC            COM              096761101      279     7541 SH       DEFINED 02                  0     7541        0
BOEING CO                      COM              097023105     2366    26612 SH       DEFINED 02                  0    26612        0
BON-TON STORES INC             COM              09776J101      312     5545 SH       DEFINED 02                  0     5545        0
BORDERS GROUP INC              COM              099709107      314    15397 SH       DEFINED 02                  0    15397        0
BORG WARNER INC                COM              099724106     1177    15600 SH       DEFINED 02                  0    15600        0
BOSTON COMMUNICATIONS GROUP    COM              100582105       19    10389 SH       DEFINED 02                  0    10389        0
BOSTON SCIENTIFIC CORP         COM              101137107     2982   205087 SH       DEFINED 02                  0   205087        0
BOWATER INC                    COM              102183100      210      500 SH  PUT  DEFINED 02                  0      500        0
BOWATER INC                    COM              102183100     3025   126994 SH       DEFINED 02                  0   126994        0
BOWATER INC                    COM              102183100      834    35000 SH       DEFINED 01                  0    35000        0
BOYD GAMING CORP               COM              103304101      373     7832 SH       DEFINED 02                  0     7832        0
BRIGGS & STRATTON CORP         COM              109043109      292     9456 SH       DEFINED 02                  0     9456        0
BRINKS CO                      COM              109696104     1019    16064 SH       DEFINED 02                  0    16064        0
BRISTOL MYERS SQUIBB CO        COM              110122108     9615   346370 SH       DEFINED 02                  0   346370        0
BROADBAND HOLDRS TR            DEPOSITRY RCPT   11130P104     1254    80000 SH       DEFINED 02                  0    80000        0
BROCADE COMMUNICATIONS SYS I   COM              111621108      472    49600 SH       DEFINED 02                  0    49600        0
BROOKFIELD ASSET MGMT INC      CL A LTD VT SH   112585104      408     7800 SH       DEFINED 02                  0     7800        0
BUNGE LIMITED                  COM              G16962105     3903    47476 SH       DEFINED 02                  0    47476        0
BUSINESS OBJECTS S A           SPONSORED ADR    12328X107     1904    52622 SH       DEFINED 02                  0    52622        0
C D W CORP                     COM              12512N105     1189    19350 SH       DEFINED 02                  0    19350        0
CABLEVISION SYS CORP           CL A NY CABLVS   12686C109      455    14950 SH       DEFINED 02                  0    14950        0
CABOT CORP                     COM              127055101      812    17009 SH       DEFINED 02                  0    17009        0
CABOT OIL & GAS CORP           COM              127097103      528     7844 SH       DEFINED 02                  0     7844        0
CADENCE DESIGN SYSTEM INC      COM              127387108     3394   161158 SH       DEFINED 02                  0   161158        0
CALGON CARBON CORP             COM              129603106      462    55592 SH       DEFINED 02                  0    55592        0
CAMBRIDGE DISPLAY TECH INC     COM              132193103      100    18098 SH       DEFINED 02                  0    18098        0
CANADIAN NAT RES LTD           COM              136385101      608    11017 SH       DEFINED 02                  0    11017        0
CANADIAN NATL RY CO            COM              136375102      285     6463 SH       DEFINED 02                  0     6463        0
CANDELA CORP                   COM              136907102      140    12283 SH       DEFINED 02                  0    12283        0
CANYON RESOURCES CORP          COM NEW          138869300       41    62161 SH       DEFINED 01                  0    62161        0
CAPITAL ONE FINL CORP          COM              14040H105      232     3079 SH       DEFINED 01                  0     3079        0
CAPITALSOURCE INC              COM              14055X102      287    11419 SH       DEFINED 02                  0    11419        0
CAPSTONE TURBINE CORP          COM              14067D102       20    18645 SH       DEFINED 02                  0    18645        0
CARNIVAL CORP                  PAIRED CTF       143658300     1125    24002 SH       DEFINED 02                  0    24002        0
CARPENTER TECHNOLOGY CORP      COM              144285103     1559    12909 SH       DEFINED 02                  0    12909        0
CATALINA MARKETING CORP        COM              148867104      237     7509 SH       DEFINED 02                  0     7509        0
CBS CORP NEW                   CL B             124857202      269     8805 SH       DEFINED 01                  0     8805        0
CBS CORP NEW                   CL B             124857202      583    19055 SH       DEFINED 02                  0    19055        0
CELESTICA INC                  SUB VTG SHS      15101Q108      123    20093 SH       DEFINED 01                  0    20093        0
CENTERPOINT ENERGY INC         COM              15189T107      324    18077 SH       DEFINED 02                  0    18077        0
CENTEX CORP                    COM              152312104      454    10871 SH       DEFINED 02                  0    10871        0
CENTEX CORP                    COM              152312104      301     7209 SH       DEFINED 01                  0     7209        0
CENTURY ALUM CO                COM              156431108      996    21251 SH       DEFINED 02                  0    21251        0
CENTURYTEL INC                 COM              156700106      333     7369 SH       DEFINED 02                  0     7369        0
CEPHALON INC                   COM              156708109      891    12518 SH       DEFINED 02                  0    12518        0
CERIDIAN CORP NEW              COM              156779100      906    26005 SH       DEFINED 02                  0    26005        0
CHAPARRAL STL CO DEL           COM              159423102     1086    18673 SH       DEFINED 02                  0    18673        0
CHARLES RIV LABS INTL INC      COM              159864107     1163    25133 SH       DEFINED 02                  0    25133        0
CHARMING SHOPPES INC           COM              161133103      354    27319 SH       DEFINED 02                  0    27319        0
CHATTEM INC                    COM              162456107     1059    17967 SH       DEFINED 02                  0    17967        0
CHECKFREE CORP NEW             COM              162813109      408    11010 SH       DEFINED 02                  0    11010        0
CHEESECAKE FACTORY INC         COM              163072101      469    17612 SH       DEFINED 02                  0    17612        0
CHEMTURA CORP                  COM              163893100      521    47672 SH       DEFINED 02                  0    47672        0
CHESAPEAKE ENERGY CORP         6.25% PFD CONV   165167818    28875   110000 SH       DEFINED 02                  0   110000        0
CHEVRON CORP NEW               COM              166764100      251      261 SH  CALL DEFINED 02                  0      261        0
CHEVRON CORP NEW               COM              166764100      514     6956 SH       DEFINED 01                  0     6956        0
CHICAGO BRIDGE & IRON CO N V   N Y REGISTRY SH  167250109      400    13000 SH       DEFINED 02                  0    13000        0
CHINA LIFE INS CO LTD          SPON ADR REP H   16939P106      897    20908 SH       DEFINED 02                  0    20908        0
CHINA PETE & CHEM CORP         SPON ADR H SHS   16941R108     4391    51976 SH       DEFINED 02                  0    51976        0
CHIPOTLE MEXICAN GRILL INC     CL B             169656204      777    13543 SH       DEFINED 02                  0    13543        0
CHOICE HOTELS INTL INC         COM              169905106     1095    30912 SH       DEFINED 02                  0    30912        0
CHOICEPOINT INC                COM              170388102      533    14244 SH       DEFINED 02                  0    14244        0
CHUBB CORP                     COM              171232101     1674    32406 SH       DEFINED 02                  0    32406        0
CHURCH & DWIGHT INC            COM              171340102      478     9496 SH       DEFINED 02                  0     9496        0
CIGNA CORP                     COM              125509109      848     5945 SH       DEFINED 02                  0     5945        0
CINCINNATI BELL INC NEW        COM              171871106      192    40835 SH       DEFINED 02                  0    40835        0
CIRCUIT CITY STORE INC         COM              172737108     7821   422080 SH       DEFINED 01                  0   422080        0
CISCO SYS INC                  COM              17275R102     7429   290973 SH       DEFINED 02                  0   290973        0
CIT GROUP INC                  COM              125581108      207     3909 SH       DEFINED 01                  0     3909        0
CITIGROUP INC                  COM              172967101      757    14747 SH       DEFINED 02                  0    14747        0
CITRIX SYS INC                 COM              177376100      430    13431 SH       DEFINED 02                  0    13431        0
CITRIX SYS INC                 COM              177376100      200     2000 SH  PUT  DEFINED 02                  0     2000        0
CITY NATL CORP                 COM              178566105      447     6067 SH       DEFINED 02                  0     6067        0
CLAIRES STORES INC             COM              179584107      562    17496 SH       DEFINED 02                  0    17496        0
CLEAR CHANNEL COMMUNICATIONS   COM              184502102      431    12293 SH       DEFINED 01                  0    12293        0
CLEVELAND CLIFFS INC           COM              185896107     4550    71085 SH       DEFINED 02                  0    71085        0
CNET NETWORKS INC              COM              12613R104      264    30300 SH       DEFINED 02                  0    30300        0
COACH INC                      COM              189754104      401     8006 SH       DEFINED 02                  0     8006        0
COCA COLA CO                   COM              191216100    11421   237941 SH       DEFINED 02                  0   237941        0
COCA COLA ENTERPRISES INC      COM              191219104      352    17387 SH       DEFINED 02                  0    17387        0
COEUR D ALENE MINES CORP IDA   COM              192108108     1256   305567 SH       DEFINED 02                  0   305567        0
COGNOS INC                     COM              19244C109     1376    34922 SH       DEFINED 02                  0    34922        0
COHERENT INC                   COM              192479103     1162    36622 SH       DEFINED 02                  0    36622        0
COLGATE PALMOLIVE CO           COM              194162103     3287    49208 SH       DEFINED 02                  0    49208        0
COLONIAL BANCGROUP INC         COM              195493309      644    26034 SH       DEFINED 02                  0    26034        0
COLONIAL INTER HIGH INCOME F   SH BEN INT       195763107       53    15231 SH       DEFINED 01                  0    15231        0
COLUMBIA SPORTSWEAR CO         COM              198516106     2010    32257 SH       DEFINED 02                  0    32257        0
COMCAST CORP NEW               CL A SPL         20030N200      263     5000 SH  CALL DEFINED 02                  0     5000        0
COMERICA INC                   COM              200340107      217     3663 SH       DEFINED 01                  0     3663        0
COMMERCIAL METALS CO           COM              201723103     1555    49605 SH       DEFINED 02                  0    49605        0
COMMSCOPE INC                  COM              203372107      517    12059 SH       DEFINED 02                  0    12059        0
COMMUNITY HEALTH SYS INC NEW   COM              203668108      623    17677 SH       DEFINED 02                  0    17677        0
COMPUCREDIT CORP               COM              20478N100     1772     4545 SH  CALL DEFINED 02                  0     4545        0
COMPUCREDIT CORP               COM              20478N100     1328     2250 SH  PUT  DEFINED 02                  0     2250        0
COMPUTER SCIENCES CORP         COM              205363104     2121    40696 SH       DEFINED 02                  0    40696        0
CON-WAY INC                    COM              205944101      720    14445 SH       DEFINED 02                  0    14445        0
CONEXANT SYSTEMS INC           COM              207142100      294   178446 SH       DEFINED 02                  0   178446        0
CONOCOPHILLIPS                 COM              20825C104     5543    81092 SH       DEFINED 02                  0    81092        0
CONSOL ENERGY INC              COM              20854P109    13323   340472 SH       DEFINED 02                  0   340472        0
CONSTELLATION BRANDS INC       CL A             21036P108      465    21965 SH       DEFINED 02                  0    21965        0
CONSTELLATION ENERGY GROUP I   COM              210371100     3824    43984 SH       DEFINED 02                  0    43984        0
CONTINENTAL AIRLS INC          CL B             210795308      319     8774 SH       DEFINED 01                  0     8774        0
CORINTHIAN COLLEGES INC        COM              218868107      220    15979 SH       DEFINED 02                  0    15979        0
CORNING INC                    COM              219350105      391    17189 SH       DEFINED 02                  0    17189        0
CORNING INC                    COM              219350105      682    30000 SH       DEFINED 01                  0    30000        0
CORRECTIONS CORP AMER NEW      COM NEW          22025Y407      558    10575 SH       DEFINED 02                  0    10575        0
CORTEX PHARMACEUTICALS INC     COM NEW          220524300      399   175781 SH       DEFINED 02                  0   175781        0
COSI INC                       COM              22122P101      265    47428 SH       DEFINED 02                  0    47428        0
COUNTRYWIDE FINANCIAL CORP     COM              222372104      661    19653 SH       DEFINED 02                  0    19653        0
COVANCE INC                    COM              222816100      679    11436 SH       DEFINED 02                  0    11436        0
COX RADIO INC                  CL A             224051102      837    61322 SH       DEFINED 02                  0    61322        0
CRANE CO                       COM              224399105      454    11224 SH       DEFINED 02                  0    11224        0
CREE INC                       COM              225447101      289    17588 SH       DEFINED 02                  0    17588        0
CRESCENT REAL ESTATE EQUITIE   COM              225756105      528    26310 SH       DEFINED 02                  0    26310        0
CROWN CASTLE INTL CORP         COM              228227104      300     9324 SH       DEFINED 02                  0     9324        0
CROWN HOLDINGS INC             COM              228368106      656    26799 SH       DEFINED 02                  0    26799        0
CRYSTALLEX INTL CORP           COM              22942F101     1066   288182 SH       DEFINED 02                  0   288182        0
CULLEN FROST BANKERS INC       COM              229899109      455     8686 SH       DEFINED 02                  0     8686        0
CURRENCYSHARES MEXICAN PESO    MEXICAN PES SH   23130H107     1603    17600 SH       DEFINED 02                  0    17600        0
CV THERAPEUTICS INC            COM              126667104     2140   271919 SH       DEFINED 02                  0   271919        0
CVS CORP                       COM              126650100      758    22189 SH       DEFINED 01                  0    22189        0
CVS CORP                       COM              126650100      259     4500 SH  PUT  DEFINED 02                  0     4500        0
CVS CORP                       COM              126650100    17858   523079 SH       DEFINED 02                  0   523079        0
CYBERONICS INC                 COM              23251P102      409    21756 SH       DEFINED 02                  0    21756        0
CYMER INC                      COM              232572107      505    12144 SH       DEFINED 02                  0    12144        0
CYPRESS BIOSCIENCES INC        COM PAR $.02     232674507      816   107364 SH       DEFINED 02                  0   107364        0
CYTYC CORP                     COM              232946103      503    14702 SH       DEFINED 02                  0    14702        0
D R HORTON INC                 COM              23331A109      934    42477 SH       DEFINED 02                  0    42477        0
DAIMLERCHRYSLER AG             ORD              D1668R123      474     5788 SH       DEFINED 01                  0     5788        0
DAIMLERCHRYSLER AG             ORD              D1668R123      867    10600 SH       DEFINED 02                  0    10600        0
DANAHER CORP DEL               COM              235851102     1142    15983 SH       DEFINED 02                  0    15983        0
DAVITA INC                     COM              23918K108     1560    29248 SH       DEFINED 02                  0    29248        0
DCT INDUSTRIAL TRUST INC       COM              233153105      581    49148 SH       DEFINED 01                  0    49148        0
DELTA PETE CORP                COM NEW          247907207      396    17261 SH       DEFINED 02                  0    17261        0
DELUXE CORP                    COM              248019101      637    18994 SH       DEFINED 02                  0    18994        0
DENBURY RES INC                COM NEW          247916208     3276   109970 SH       DEFINED 02                  0   109970        0
DEVELOPERS DIVERSIFIED RLTY    COM              251591103     1147    18240 SH       DEFINED 02                  0    18240        0
DEVON ENERGY CORP NEW          COM              25179M103     1713    24740 SH       DEFINED 02                  0    24740        0
DEVRY INC DEL                  COM              251893103      232     7910 SH       DEFINED 02                  0     7910        0
DICKS SPORTING GOODS INC       COM              253393102      381     6533 SH       DEFINED 02                  0     6533        0
DIGITAL RIV INC                COM              25388B104     1060    19178 SH       DEFINED 02                  0    19178        0
DIONEX CORP                    COM              254546104      831    12201 SH       DEFINED 02                  0    12201        0
DISCOVERY HOLDING CO           CL A COM         25468Y107      421    22014 SH       DEFINED 02                  0    22014        0
DISNEY WALT CO                 COM DISNEY       254687106     7129   207046 SH       DEFINED 02                  0   207046        0
DISTRIBUTED ENERGY SYS CORP    COM              25475V104       18    12921 SH       DEFINED 02                  0    12921        0
DOLLAR GEN CORP                COM              256669102      498    23553 SH       DEFINED 01                  0    23553        0
DOLLAR TREE STORES INC         COM              256747106      707    18493 SH       DEFINED 02                  0    18493        0
DOMINION RES INC VA NEW        COM              25746U109     1354    15253 SH       DEFINED 02                  0    15253        0
DOMTAR CORP                    COM              257559104      259    27853 SH       DEFINED 02                  0    27853        0
DONALDSON INC                  COM              257651109      322     8926 SH       DEFINED 02                  0     8926        0
DORAL FINL CORP                COM              25811P100     1222   744891 SH       DEFINED 02                  0   744891        0
DOVER DOWNS GAMING & ENTMT I   COM              260095104      185    14387 SH       DEFINED 02                  0    14387        0
DREAMWORKS ANIMATION SKG INC   CL A             26153C103      355    11623 SH       DEFINED 02                  0    11623        0
DRS TECHNOLOGIES INC           COM              23330X100      499     9571 SH       DEFINED 02                  0     9571        0
DRYSHIPS INC                   SHS              Y2109Q101     1220    54130 SH       DEFINED 02                  0    54130        0
DST SYS INC DEL                COM              233326107      302     4011 SH       DEFINED 01                  0     4011        0
DUN & BRADSTREET CORP DEL NE   COM              26483E100      943    10337 SH       DEFINED 02                  0    10337        0
DUQUESNE LT HLDGS INC          COM              266233105      212    10724 SH       DEFINED 02                  0    10724        0
DWS MULTI MKT INCOME TR        SHS              23338L108      171    15000 SH       DEFINED 01                  0    15000        0
DWS STRATEGIC INCOME TR        SHS              23338N104      247    15000 SH       DEFINED 01                  0    15000        0
DYNAVAX TECHNOLOGIES CORP      COM              268158102       76    14032 SH       DEFINED 02                  0    14032        0
DYNEGY INC NEW                 CL A             26816Q101     1805   194954 SH       DEFINED 02                  0   194954        0
E M C CORP MASS                COM              268648102     1177    85000 SH       DEFINED 01                  0    85000        0
E M C CORP MASS                COM              268648102     5766   416348 SH       DEFINED 02                  0   416348        0
E TRADE FINANCIAL CORP         COM              269246104      414    19509 SH       DEFINED 02                  0    19509        0
EAGLE BROADBAND INC            COM NEW          269437208        5    24458 SH       DEFINED 01                  0    24458        0
EARTHLINK INC                  COM              270321102      834   113521 SH       DEFINED 02                  0   113521        0
EASTERN AMERN NAT GAS TR       SPERS RCT UNIT   276217106      205     8071 SH       DEFINED 01                  0     8071        0
EASTMAN CHEM CO                COM              277432100      208      433 SH  CALL DEFINED 02                  0      433        0
EASTMAN KODAK CO               COM              277461109     4035   178847 SH       DEFINED 02                  0   178847        0
EATON VANCE CORP               COM NON VTG      278265103      752    21093 SH       DEFINED 02                  0    21093        0
EBAY INC                       COM              278642103     9829   296503 SH       DEFINED 02                  0   296503        0
ECHOSTAR COMMUNICATIONS NEW    CL A             278762109    11378   261980 SH       DEFINED 02                  0   261980        0
ECI TELECOM LTD                ORD              268258100      143    17397 SH       DEFINED 02                  0    17397        0
ECLIPSYS CORP                  COM              278856109     1146    59456 SH       DEFINED 02                  0    59456        0
ECOLAB INC                     COM              278865100      414     9629 SH       DEFINED 02                  0     9629        0
EDO CORP                       COM              281347104     1552    59245 SH       DEFINED 02                  0    59245        0
EDWARDS AG INC                 COM              281760108     1349    19495 SH       DEFINED 02                  0    19495        0
EFUNDS CORP                    COM              28224R101      714    26785 SH       DEFINED 02                  0    26785        0
EGL INC                        COM              268484102     2120    53484 SH       DEFINED 02                  0    53484        0
EL PASO CORP                   COM              28336L109      558    38554 SH       DEFINED 02                  0    38554        0
ELAN PLC                       ADR              284131208     3330   250595 SH       DEFINED 02                  0   250595        0
ELECTRONIC ARTS INC            COM              285512109     1360    26997 SH       DEFINED 02                  0    26997        0
EMBARQ CORP                    COM              29078E105     1189    21094 SH       DEFINED 02                  0    21094        0
EMCORE CORP                    COM              290846104       81    16297 SH       DEFINED 02                  0    16297        0
EMDEON CORP                    COM              290849108     1942   128354 SH       DEFINED 02                  0   128354        0
ENDESA S A                     SPONSORED ADR    29258N107      769    14364 SH       DEFINED 01                  0    14364        0
ENERGY CONVERSION DEVICES IN   COM              292659109     2676    76597 SH       DEFINED 02                  0    76597        0
ENERGY EAST CORP               COM              29266M109      496    20373 SH       DEFINED 02                  0    20373        0
ENERGY TRANSFER PRTNRS L P     UNIT LTD PARTN   29273R109      303     5200 SH       DEFINED 02                  0     5200        0
ENTEGRIS INC                   COM              29362U104      905    84624 SH       DEFINED 02                  0    84624        0
ENTERGY CORP NEW               COM              29364G103     6255    59613 SH       DEFINED 02                  0    59613        0
EQUITABLE RES INC              COM              294549100     1245    25760 SH       DEFINED 02                  0    25760        0
ERESEARCHTECHNOLOGY INC        COM              29481V108      158    20054 SH       DEFINED 02                  0    20054        0
ESPEED INC                     CL A             296643109      115    12083 SH       DEFINED 02                  0    12083        0
EV3 INC                        COM              26928A200      673    34164 SH       DEFINED 02                  0    34164        0
EVEREST RE GROUP LTD           COM              G3223R108     6736    70038 SH       DEFINED 02                  0    70038        0
EXCO RESOURCES INC             COM              269279402      171    10314 SH       DEFINED 02                  0    10314        0
EXELON CORP                    COM              30161N101      361     5254 SH       DEFINED 01                  0     5254        0
EXPEDIA INC DEL                COM              30212P105      627    27034 SH       DEFINED 02                  0    27034        0
EXPEDITORS INTL WASH INC       COM              302130109      221     5344 SH       DEFINED 02                  0     5344        0
EXPRESS SCRIPTS INC            COM              302182100      769     9521 SH       DEFINED 02                  0     9521        0
EXXON MOBIL CORP               COM              30231G102     1892    25081 SH       DEFINED 02                  0    25081        0
FAIR ISAAC CORP                COM              303250104      369     9552 SH       DEFINED 01                  0     9552        0
FAIRCHILD SEMICONDUCTOR INTL   COM              303726103      464    27734 SH       DEFINED 02                  0    27734        0
FEDERAL HOME LN MTG CORP       COM              313400301      873    14669 SH       DEFINED 01                  0    14669        0
FEDERAL HOME LN MTG CORP       COM              313400301     3926    65996 SH       DEFINED 02                  0    65996        0
FEDERAL NATL MTG ASSN          COM              313586109     2261    41432 SH       DEFINED 02                  0    41432        0
FEDERAL REALTY INVT TR         SH BEN INT NEW   313747206      310     3418 SH       DEFINED 01                  0     3418        0
FELCOR LODGING TR INC          COM              31430F101      414    15931 SH       DEFINED 02                  0    15931        0
FIDELITY COMWLTH TR            NDQ CP IDX TRK   315912808    13757   144600 SH       DEFINED 02                  0   144600        0
FIRST BANCORP P R              COM              318672102      637    48018 SH       DEFINED 02                  0    48018        0
FIRST DATA CORP                COM              319963104     1132    42099 SH       DEFINED 02                  0    42099        0
FIRST HORIZON NATL CORP        COM              320517105      311     7496 SH       DEFINED 02                  0     7496        0
FIRST NIAGARA FINL GP INC      COM              33582V108      266    19110 SH       DEFINED 02                  0    19110        0
FIRST TR VALUE LINE DIVID IN   SHS              33734H106      452    26677 SH       DEFINED 01                  0    26677        0
FISERV INC                     COM              337738108     1316    24809 SH       DEFINED 02                  0    24809        0
FLAGSTAR BANCORP INC           COM              337930101      128    10688 SH       DEFINED 02                  0    10688        0
FLEETWOOD ENTERPRISES INC      COM              339099103      298    37733 SH       DEFINED 02                  0    37733        0
FLEXTRONICS INTL LTD           ORD              Y2573F102      273    24932 SH       DEFINED 02                  0    24932        0
FLORIDA ROCK INDS INC          COM              341140101     1148    17065 SH       DEFINED 02                  0    17065        0
FLOWSERVE CORP                 COM              34354P105      688    12034 SH       DEFINED 02                  0    12034        0
FOOT LOCKER INC                COM              344849104     1207    51250 SH       DEFINED 02                  0    51250        0
FORD MTR CO DEL                COM PAR $0.01    345370860     3690   467678 SH       DEFINED 01                  0   467678        0
FORD MTR CO DEL                COM PAR $0.01    345370860     2030    17063 SH  CALL DEFINED 02                  0    17063        0
FORD MTR CO DEL                COM PAR $0.01    345370860     2942    12693 SH  PUT  DEFINED 02                  0    12693        0
FORDING CDN COAL TR            TR UNIT          345425102      707    31987 SH       DEFINED 02                  0    31987        0
FOREST LABS INC                COM              345838106     2083    40497 SH       DEFINED 02                  0    40497        0
FOREST OIL CORP                COM PAR $0.01    346091705      917    27486 SH       DEFINED 02                  0    27486        0
FORTUNE BRANDS INC             COM              349631101      842    10682 SH       DEFINED 02                  0    10682        0
FOUNDATION COAL HLDGS INC      COM              35039W100      974    28370 SH       DEFINED 02                  0    28370        0
FOUNDRY NETWORKS INC           COM              35063R100     1190    87663 SH       DEFINED 02                  0    87663        0
FOUNDRY NETWORKS INC           COM              35063R100      246     1466 SH  PUT  DEFINED 02                  0     1466        0
FOUR SEASONS HOTEL INC         LTD VTG SH       35100E104      257     3200 SH       DEFINED 02                  0     3200        0
FPL GROUP INC                  COM              302571104      879    14365 SH       DEFINED 02                  0    14365        0
FRANKLIN RES INC               COM              354613101     1732    14331 SH       DEFINED 02                  0    14331        0
FREEPORT-MCMORAN COPPER & GO   CL B             35671D857     9926   149956 SH       DEFINED 02                  0   149956        0
FREIGHTCAR AMER INC            COM              357023100      754    15663 SH       DEFINED 02                  0    15663        0
FRONTIER OIL CORP              COM              35914P105      307     9417 SH       DEFINED 02                  0     9417        0
GALLAGHER ARTHUR J & CO        COM              363576109      686    24220 SH       DEFINED 02                  0    24220        0
GAMESTOP CORP NEW              CL A             36467W109      292     8979 SH       DEFINED 02                  0     8979        0
GAMMON LAKE RES INC            COM              364915108      902    51034 SH       DEFINED 02                  0    51034        0
GAP INC DEL                    COM              364760108      378    21952 SH       DEFINED 01                  0    21952        0
GATEWAY INC                    COM              367626108      138    63032 SH       DEFINED 02                  0    63032        0
GENERAL DYNAMICS CORP          COM              369550108     1444    18894 SH       DEFINED 02                  0    18894        0
GENERAL ELECTRIC CO            COM              369604103    21519   608570 SH       DEFINED 02                  0   608570        0
GENERAL MLS INC                COM              370334104      313     5380 SH       DEFINED 02                  0     5380        0
GENTA INC                      COM NEW          37245M207        4    12674 SH       DEFINED 02                  0    12674        0
GENTEX CORP                    COM              371901109     1036    63748 SH       DEFINED 02                  0    63748        0
GENUINE PARTS CO               COM              372460105     2204    44979 SH       DEFINED 02                  0    44979        0
GENZYME CORP                   COM              372917104     8526   142052 SH       DEFINED 02                  0   142052        0
GERDAU S A                     SPONSORED ADR    373737105      349    19263 SH       DEFINED 02                  0    19263        0
GERON CORP                     COM              374163103     1122   160289 SH       DEFINED 02                  0   160289        0
GIANT INDS INC                 COM              374508109      212     2800 SH       DEFINED 02                  0     2800        0
GIGAMEDIA LTD                  ORD              Y2711Y104     1563   113093 SH       DEFINED 02                  0   113093        0
GLAXOSMITHKLINE PLC            SPONSORED ADR    37733W105     1160    21000 SH       DEFINED 02                  0    21000        0
GLOBAL CROSSING LTD            SHS NEW          G3921A175     2612    94965 SH       DEFINED 02                  0    94965        0
GLOBAL PMTS INC                COM              37940X102      646    18978 SH       DEFINED 02                  0    18978        0
GLOBAL PMTS INC                COM              37940X102      553    16229 SH       DEFINED 01                  0    16229        0
GMX RES INC                    COM              38011M108      337    10966 SH       DEFINED 02                  0    10966        0
GOLD FIELDS LTD NEW            SPONSORED ADR    38059T106     2012   108897 SH       DEFINED 02                  0   108897        0
GOLDCORP INC NEW               COM              380956409     4982   207421 SH       DEFINED 02                  0   207421        0
GOLDEN STAR RES LTD CDA        COM              38119T104       47    10696 SH       DEFINED 01                  0    10696        0
GOODMAN GLOBAL INC             COM              38239A100      995    56471 SH       DEFINED 02                  0    56471        0
GOODRICH CORP                  COM              382388106      912    17708 SH       DEFINED 02                  0    17708        0
GOODYEAR TIRE & RUBR CO        COM              382550101      248     7950 SH       DEFINED 01                  0     7950        0
GOODYEAR TIRE & RUBR CO        COM              382550101     5012   160698 SH       DEFINED 02                  0   160698        0
GOOGLE INC                     CL A             38259P508    18359    40072 SH       DEFINED 02                  0    40072        0
GRACO INC                      COM              384109104      423    10792 SH       DEFINED 02                  0    10792        0
GRANITE CONSTR INC             COM              387328107     1312    23741 SH       DEFINED 02                  0    23741        0
GREAT PLAINS ENERGY INC        COM              391164100      466    14349 SH       DEFINED 02                  0    14349        0
GROUP 1 AUTOMOTIVE INC         COM              398905109      658    16553 SH       DEFINED 02                  0    16553        0
GRUPO SIMEC S A B DE C V       ADR              400491106      146    11850 SH       DEFINED 02                  0    11850        0
GRUPO TMM S A                  SP ADR A SHS     40051D105      121    43100 SH       DEFINED 02                  0    43100        0
GSI GROUP INC CDA              COM              36229U102      159    16027 SH       DEFINED 02                  0    16027        0
HALLIBURTON CO                 COM              406216101   553657 17443515 SH       DEFINED 02                  0 17443515        0
HANESBRANDS INC                COM              410345102      641    21806 SH       DEFINED 02                  0    21806        0
HANOVER INS GROUP INC          COM              410867105      255     5524 SH       DEFINED 02                  0     5524        0
HARLAND JOHN H CO              COM              412693103      406     7921 SH       DEFINED 01                  0     7921        0
HARMONY GOLD MNG LTD           SPONSORED ADR    413216300      309     1789 SH  CALL DEFINED 02                  0     1789        0
HARMONY GOLD MNG LTD           SPONSORED ADR    413216300      410     1822 SH  PUT  DEFINED 02                  0     1822        0
HARRAHS ENTMT INC              COM              413619107   142400  1686203 SH       DEFINED 02                  0  1686203        0
HARSCO CORP                    COM              415864107      989    22048 SH       DEFINED 02                  0    22048        0
HARTFORD FINL SVCS GROUP INC   COM              416515104      452     4724 SH       DEFINED 01                  0     4724        0
HAWAIIAN ELEC INDUSTRIES       COM              419870100      453    17428 SH       DEFINED 02                  0    17428        0
HCC INS HLDGS INC              COM              404132102     1030    33437 SH       DEFINED 02                  0    33437        0
HEALTH MGMT ASSOC INC NEW      CL A             421933102      351    32269 SH       DEFINED 02                  0    32269        0
HEALTH NET INC                 COM              42222G108      907    16863 SH       DEFINED 02                  0    16863        0
HECLA MNG CO                   COM              422704106     1451   160165 SH       DEFINED 02                  0   160165        0
HELIX ENERGY SOLUTIONS GRP I   COM              42330P107     1734    46491 SH       DEFINED 02                  0    46491        0
HELMERICH & PAYNE INC          COM              423452101      537    17685 SH       DEFINED 02                  0    17685        0
HERBALIFE LTD                  COM USD SHS      G4412G101     2435    62124 SH       DEFINED 02                  0    62124        0
HERSHEY CO                     COM              427866108      263     4820 SH       DEFINED 02                  0     4820        0
HEWITT ASSOCS INC              COM              42822Q100    17942   613821 SH       DEFINED 02                  0   613821        0
HEWLETT PACKARD CO             COM              428236103     2364    58884 SH       DEFINED 02                  0    58884        0
HILLENBRAND INDS INC           COM              431573104      655    11039 SH       DEFINED 02                  0    11039        0
HILTON HOTELS CORP             COM              432848109    16878   469358 SH       DEFINED 02                  0   469358        0
HNI CORP                       COM              404251100      246     5365 SH       DEFINED 02                  0     5365        0
HOLLY CORP                     COM PAR $0.01    435758305      327     5519 SH       DEFINED 02                  0     5519        0
HOLOGIC INC                    COM              436440101     1234    21413 SH       DEFINED 02                  0    21413        0
HORMEL FOODS CORP              COM              440452100      476    12802 SH       DEFINED 02                  0    12802        0
HORNBECK OFFSHORE SVCS INC N   COM              440543106      256     8949 SH       DEFINED 02                  0     8949        0
HOSPIRA INC                    COM              441060100     1256    30714 SH       DEFINED 02                  0    30714        0
HOSPITALITY PPTYS TR           COM SH BEN INT   44106M102     2257    48227 SH       DEFINED 02                  0    48227        0
HOUSEVALUES INC                COM              44183Y102      215    42476 SH       DEFINED 02                  0    42476        0
HUBBELL INC                    CL B             443510201      501    10379 SH       DEFINED 02                  0    10379        0
HUMANA INC                     COM              444859102      745    12842 SH       DEFINED 02                  0    12842        0
HUNT J B TRANS SVCS INC        COM              445658107      619    23576 SH       DEFINED 02                  0    23576        0
HUNTSMAN CORP                  COM              447011107      969    50766 SH       DEFINED 02                  0    50766        0
HUTCHISON TELECOMM INTL LTD    SPONSORED ADR    44841T107      252     8235 SH       DEFINED 02                  0     8235        0
HYPERCOM CORP                  COM              44913M105     1415   237387 SH       DEFINED 01                  0   237387        0
IAC INTERACTIVECORP            COM NEW          44919P300     3415     2000 SH  CALL DEFINED 02                  0     2000        0
IAMGOLD CORP                   COM              450913108      277    35911 SH       DEFINED 02                  0    35911        0
ICICI BK LTD                   ADR              45104G104      257     7004 SH       DEFINED 02                  0     7004        0
IDEARC INC                     COM              451663108      304     8667 SH       DEFINED 02                  0     8667        0
IDT CORP                       COM              448947101      451    39978 SH       DEFINED 02                  0    39978        0
ILLINOIS TOOL WKS INC          COM              452308109      622    12059 SH       DEFINED 02                  0    12059        0
IMAX CORP                      COM              45245E109      151    30000 SH       DEFINED 02                  0    30000        0
IMERGENT INC                   COM              45247Q100      260     1764 SH  PUT  DEFINED 02                  0     1764        0
IMMUNOMEDICS INC               COM              452907108      279    60948 SH       DEFINED 02                  0    60948        0
IMS HEALTH INC                 COM              449934108     1362    45936 SH       DEFINED 02                  0    45936        0
INFINEON TECHNOLOGIES AG       SPONSORED ADR    45662N103      316    20300 SH       DEFINED 02                  0    20300        0
INFOSYS TECHNOLOGIES LTD       SPONSORED ADR    456788108     1959    38993 SH       DEFINED 02                  0    38993        0
INGERSOLL-RAND COMPANY LTD     CL A             G4776G101    46798  1079041 SH       DEFINED 02                  0  1079041        0
INGRAM MICRO INC               CL A             457153104      510    26389 SH       DEFINED 02                  0    26389        0
INPHONIC INC                   COM              45772G105      184    16926 SH       DEFINED 02                  0    16926        0
INSITE VISION INC              COM              457660108       21    14577 SH       DEFINED 01                  0    14577        0
INTEGRATED DEVICE TECHNOLOGY   COM              458118106      430    27916 SH       DEFINED 02                  0    27916        0
INTEGRYS ENERGY GROUP INC      COM              45822P105      258     4656 SH       DEFINED 02                  0     4656        0
INTEL CORP                     COM              458140100      552    28868 SH       DEFINED 02                  0    28868        0
INTEL CORP                     COM              458140100      485     2811 SH  PUT  DEFINED 02                  0     2811        0
INTERDIGITAL COMMUNICATIONS    COM              45866A105      504    15915 SH       DEFINED 02                  0    15915        0
INTERNATIONAL ALUM CORP        COM              458884103      366     6904 SH       DEFINED 01                  0     6904        0
INTERNATIONAL BUSINESS MACHS   COM              459200101     9334    99026 SH       DEFINED 02                  0    99026        0
INTERNATIONAL COAL GRP INC N   COM              45928H106      118    22394 SH       DEFINED 02                  0    22394        0
INTERNATIONAL FLAVORS&FRAGRA   COM              459506101      854    18092 SH       DEFINED 02                  0    18092        0
INTERNATIONAL RECTIFIER CORP   COM              460254105      354     9258 SH       DEFINED 02                  0     9258        0
INTERNATIONAL SPEEDWAY CORP    CL A             460335201      339     6562 SH       DEFINED 02                  0     6562        0
INTERNET HOLDRS TR             DEPOSIT RCPT     46059W102     4330    77608 SH       DEFINED 02                  0    77608        0
INTEROIL CORP                  COM              460951106      696    26149 SH       DEFINED 02                  0    26149        0
INTERPUBLIC GROUP COS INC      COM              460690100     1046    85004 SH       DEFINED 02                  0    85004        0
INTERPUBLIC GROUP COS INC      COM              460690100      256     1250 SH  CALL DEFINED 02                  0     1250        0
INTERSIL CORP                  CL A             46069S109      644    24317 SH       DEFINED 02                  0    24317        0
INTL SECS EXCHANGE HLDGS INC   CL A             46031W204      611    12515 SH       DEFINED 02                  0    12515        0
INTUIT                         COM              461202103      423    15462 SH       DEFINED 02                  0    15462        0
INTUITIVE SURGICAL INC         COM NEW          46120E602     1469    12083 SH       DEFINED 02                  0    12083        0
INVENTIV HEALTH INC            COM              46122E105      338     8836 SH       DEFINED 02                  0     8836        0
INVESTOOLS INC                 COM              46145P103      257    18511 SH       DEFINED 02                  0    18511        0
INVESTORS FINL SERVICES CORP   COM              461915100      632    10866 SH       DEFINED 02                  0    10866        0
IOWA TELECOMM SERVICES INC     COM              462594201      225    11253 SH       DEFINED 01                  0    11253        0
IPASS INC                      COM              46261V108      681   135475 SH       DEFINED 02                  0   135475        0
IPSCO INC                      COM              462622101    22703   172775 SH       DEFINED 02                  0   172775        0
ISHARES COMEX GOLD TR          ISHARES          464285105     1639    24900 SH       DEFINED 02                  0    24900        0
ISHARES INC                    MSCI MEXICO      464286822     2133    39243 SH       DEFINED 02                  0    39243        0
ISHARES INC                    MSCI CDA INDEX   464286509     8221   314366 SH       DEFINED 02                  0   314366        0
ISHARES INC                    MSCI TAIWAN      464286731     1186    85076 SH       DEFINED 02                  0    85076        0
ISHARES INC                    MSCI STH AFRCA   464286780      721     5945 SH       DEFINED 02                  0     5945        0
ISHARES INC                    MSCI SPAIN       464286764     4931    87396 SH       DEFINED 02                  0    87396        0
ISHARES INC                    MSCI PAC J IDX   464286665     9261    68935 SH       DEFINED 02                  0    68935        0
ISHARES INC                    MSCI HONG KONG   464286871     3901   242920 SH       DEFINED 02                  0   242920        0
ISHARES INC                    MSCI BRAZIL      464286400      200     3200 SH  CALL DEFINED 02                  0     3200        0
ISHARES INC                    MSCI BRAZIL      464286400     5844   118736 SH       DEFINED 02                  0   118736        0
ISHARES INC                    MSCI AUSTRIA     464286202     1959    50413 SH       DEFINED 02                  0    50413        0
ISHARES INC                    MSCI JAPAN       464286848     5381   369313 SH       DEFINED 02                  0   369313        0
ISHARES INC                    MSCI ITALY       464286855     5880   173866 SH       DEFINED 02                  0   173866        0
ISHARES TR                     S&P GBL HLTHCR   464287325     2516    43648 SH       DEFINED 02                  0    43648        0
ISHARES TR                     MSCI GRW IDX     464288885     1382    19331 SH       DEFINED 02                  0    19331        0
ISHARES TR                     NYSE 100INX FD   464287135      305     4100 SH       DEFINED 02                  0     4100        0
ISHARES TR                     NYSE COMP INDX   464287143      498     5878 SH       DEFINED 02                  0     5878        0
ISHARES TR                     RUSL 2000 GROW   464287648    15341   191623 SH       DEFINED 02                  0   191623        0
ISHARES TR                     RUSL 3000 GROW   464287671      397     8750 SH       DEFINED 02                  0     8750        0
ISHARES TR                     RUSSELL 1000     464287622     1974    25500 SH       DEFINED 02                  0    25500        0
ISHARES TR                     RUSSELL 2000     464287655      880    11064 SH       DEFINED 02                  0    11064        0
ISHARES TR                     RUSSELL1000VAL   464287598    16405   197316 SH       DEFINED 02                  0   197316        0
ISHARES TR                     S&P EURO PLUS    464287861    19772   182495 SH       DEFINED 02                  0   182495        0
ISHARES TR                     S&P GBL FIN      464287333     2271    25418 SH       DEFINED 02                  0    25418        0
ISHARES TR                     S&P GBL INF      464287291     8887   155609 SH       DEFINED 02                  0   155609        0
ISHARES TR                     S&P SMLCP GROW   464287887     5210    38999 SH       DEFINED 02                  0    38999        0
ISHARES TR                     S&P LTN AM 40    464287390      297      113 SH  CALL DEFINED 02                  0      113        0
ISHARES TR                     COHEN&ST RLTY    464287564     6215    60226 SH       DEFINED 02                  0    60226        0
ISHARES TR                     MSCI EAFE IDX    464287465     2468    32369 SH       DEFINED 02                  0    32369        0
ISHARES TR                     S&P GBL ENER     464287341      638     5727 SH       DEFINED 02                  0     5727        0
ISHARES TR                     DJ US TECH SEC   464287721     2482    45990 SH       DEFINED 02                  0    45990        0
ISHARES TR                     S&P SMLCAP 600   464287804     5044    74323 SH       DEFINED 02                  0    74323        0
ISHARES TR                     CONS GOODS IDX   464287812      560     9297 SH       DEFINED 02                  0     9297        0
ISHARES TR                     DJ HOME CONSTN   464288752      249     7288 SH       DEFINED 02                  0     7288        0
ISHARES TR                     DJ SEL DIV INX   464287168     8837   123674 SH       DEFINED 02                  0   123674        0
ISHARES TR                     DJ US FINL SEC   464287788     2648    23203 SH       DEFINED 02                  0    23203        0
ISHARES TR                     DJ US HEALTHCR   464287762      775    11615 SH       DEFINED 02                  0    11615        0
ISHARES TR                     CONS SRVC IDX    464287580    12853   188188 SH       DEFINED 02                  0   188188        0
ISHARES TR                     DJ US REAL EST   464287739    20925   245485 SH       DEFINED 02                  0   245485        0
ISHARES TR                     LEHMAN SH TREA   464288679     9683    88603 SH       DEFINED 02                  0    88603        0
ISHARES TR                     FTSE XNHUA IDX   464287184    11408   111370 SH       DEFINED 02                  0   111370        0
ISHARES TR                     GLMN SCHS SOFT   464287515     3294    73148 SH       DEFINED 02                  0    73148        0
ISHARES TR                     GS NAT RES IDX   464287374     5406    51497 SH       DEFINED 02                  0    51497        0
ISHARES TR                     LEHMAN 1-3 YR    464288646     2681    26540 SH       DEFINED 02                  0    26540        0
ISHARES TR                     LEHMAN CR BD     464288620    14471   143211 SH       DEFINED 02                  0   143211        0
ISHARES TR                     LEHMAN GOVT CR   464288596    15814   156804 SH       DEFINED 02                  0   156804        0
ISHARES TR                     DJ US INDUSTRL   464287754      252     3778 SH       DEFINED 02                  0     3778        0
ISHARES TR                     S&P/TOPIX 150    464287382     4451    34866 SH       DEFINED 02                  0    34866        0
ISHARES TR                     SMLL VAL INDX    464288703      455     5471 SH       DEFINED 02                  0     5471        0
ISHARES TR                     US TIPS BD FD    464287176     2303    22800 SH       DEFINED 02                  0    22800        0
ISHARES TR                     S&P MIDCP VALU   464287705      304     3640 SH       DEFINED 02                  0     3640        0
ISLE OF CAPRI CASINOS INC      COM              464592104      259    10113 SH       DEFINED 02                  0    10113        0
ITT EDUCATIONAL SERVICES INC   COM              45068B109      364     4470 SH       DEFINED 02                  0     4470        0
IVANHOE MINES LTD              COM              46579N103     1313   114358 SH       DEFINED 02                  0   114358        0
JABIL CIRCUIT INC              COM              466313103      211     9854 SH       DEFINED 02                  0     9854        0
JACK IN THE BOX INC            COM              466367109      349     5043 SH       DEFINED 02                  0     5043        0
JAKKS PAC INC                  COM              47012E106     1742    72879 SH       DEFINED 02                  0    72879        0
JAMES RIVER COAL CO            COM NEW          470355207      162    21632 SH       DEFINED 02                  0    21632        0
JARDEN CORP                    COM              471109108     1057    27591 SH       DEFINED 02                  0    27591        0
JDS UNIPHASE CORP              COM PAR $0.001   46612J507      291    19120 SH       DEFINED 02                  0    19120        0
JED OIL INC                    COM              472310101       36    20400 SH       DEFINED 02                  0    20400        0
JEFFERIES GROUP INC NEW        COM              472319102      571    19710 SH       DEFINED 02                  0    19710        0
JO-ANN STORES INC              COM              47758P307      205     7513 SH       DEFINED 02                  0     7513        0
JOHNSON & JOHNSON              COM              478160104     7337   121760 SH       DEFINED 02                  0   121760        0
JOHNSON CTLS INC               COM              478366107     3907    41294 SH       DEFINED 02                  0    41294        0
JONES APPAREL GROUP INC        COM              480074103     6300   204999 SH       DEFINED 02                  0   204999        0
JP MORGAN CHASE & CO           COM              46625H100    13106   270891 SH       DEFINED 02                  0   270891        0
JP MORGAN CHASE & CO           COM              46625H100     1052     3717 SH  CALL DEFINED 02                  0     3717        0
JUNIPER NETWORKS INC           COM              48203R104     2002   101735 SH       DEFINED 02                  0   101735        0
KELLWOOD CO                    COM              488044108      284     9680 SH       DEFINED 01                  0     9680        0
KENNAMETAL INC                 COM              489170100      553     8182 SH       DEFINED 02                  0     8182        0
KEYSPAN CORP                   COM              49337W100      803    19513 SH       DEFINED 02                  0    19513        0
KIMBERLY CLARK CORP            COM              494368103     1461    21330 SH       DEFINED 02                  0    21330        0
KINDER MORGAN ENERGY PARTNER   UT LTD PARTNER   494550106     1591    30200 SH       DEFINED 02                  0    30200        0
KINDRED HEALTHCARE INC         COM              494580103      396    12090 SH       DEFINED 02                  0    12090        0
KNIGHT CAPITAL GROUP INC       CL A             499005106      728    45951 SH       DEFINED 02                  0    45951        0
KOMAG INC                      COM NEW          500453204      443    13540 SH       DEFINED 02                  0    13540        0
KOREA EQUITY FD INC            COM              50063B104      426    41000 SH       DEFINED 01                  0    41000        0
KORN FERRY INTL                COM NEW          500643200      397    17324 SH       DEFINED 02                  0    17324        0
KRISPY KREME DOUGHNUTS INC     COM              501014104      812    79713 SH       DEFINED 02                  0    79713        0
KROGER CO                      COM              501044101      412    14593 SH       DEFINED 01                  0    14593        0
KROGER CO                      COM              501044101      304    10762 SH       DEFINED 02                  0    10762        0
KUBOTA CORP                    ADR              501173207      495    11318 SH       DEFINED 01                  0    11318        0
L-1 IDENTITY SOLUTIONS INC     COM              50212A106      465    28165 SH       DEFINED 02                  0    28165        0
LABOR READY INC                COM NEW          505401208      306    16126 SH       DEFINED 02                  0    16126        0
LABORATORY CORP AMER HLDGS     COM NEW          50540R409     1988    27369 SH       DEFINED 02                  0    27369        0
LAIDLAW INTL INC               COM              50730R102      566    16344 SH       DEFINED 02                  0    16344        0
LAM RESEARCH CORP              COM              512807108     2274    48043 SH       DEFINED 02                  0    48043        0
LANDAMERICA FINL GROUP INC     COM              514936103     1794    24279 SH       DEFINED 02                  0    24279        0
LANDSTAR SYS INC               COM              515098101      817    17813 SH       DEFINED 02                  0    17813        0
LASERCARD CORP                 COM              51807U101      118    10004 SH       DEFINED 02                  0    10004        0
LATTICE SEMICONDUCTOR CORP     COM              518415104      117    20064 SH       DEFINED 02                  0    20064        0
LAUREATE EDUCATION INC         COM              518613104     1066    18084 SH       DEFINED 02                  0    18084        0
LEGG MASON INC                 COM              524901105     1088    11548 SH       DEFINED 02                  0    11548        0
LEHMAN BROS HLDGS INC          COM              524908100      250     3572 SH       DEFINED 01                  0     3572        0
LEHMAN BROS HLDGS INC          COM              524908100     2007     3632 SH  PUT  DEFINED 02                  0     3632        0
LEHMAN BROS HLDGS INC          COM              524908100      371      164 SH  CALL DEFINED 02                  0      164        0
LEUCADIA NATL CORP             COM              527288104      834    28345 SH       DEFINED 02                  0    28345        0
LEVEL 3 COMMUNICATIONS INC     COM              52729N100     1258     3400 SH  CALL DEFINED 02                  0     3400        0
LG PHILIP LCD CO LTD           SPONS ADR REP    50186V102      311    17814 SH       DEFINED 02                  0    17814        0
LIBERTY GLOBAL INC             COM SER A        530555101     1733    52621 SH       DEFINED 02                  0    52621        0
LIBERTY GLOBAL INC             COM SER C        530555309      315    10290 SH       DEFINED 02                  0    10290        0
LIFECELL CORP                  COM              531927101     1119    44826 SH       DEFINED 02                  0    44826        0
LIMITED BRANDS INC             COM              532716107    90666  3479113 SH       DEFINED 02                  0  3479113        0
LINCOLN ELEC HLDGS INC         COM              533900106      413     6942 SH       DEFINED 02                  0     6942        0
LINCOLN NATL CORP IND          COM              534187109    24715   364577 SH       DEFINED 02                  0   364577        0
LINSAY CORPORATION             COM              535555106      436    13719 SH       DEFINED 01                  0    13719        0
LIONS GATE ENTMNT CORP         COM NEW          535919203      178    15585 SH       DEFINED 01                  0    15585        0
LIZ CLAIBORNE INC              COM              539320101      459    10717 SH       DEFINED 02                  0    10717        0
LOCKHEED MARTIN CORP           COM              539830109      259     2667 SH       DEFINED 02                  0     2667        0
LONE STAR TECHNOLOGIES INC     COM              542312103      483     7322 SH       DEFINED 02                  0     7322        0
LONGVIEW FIBRE CO              COM              543213102      254    10295 SH       DEFINED 02                  0    10295        0
LOUISIANA PAC CORP             COM              546347105      867    43233 SH       DEFINED 02                  0    43233        0
LOWES COS INC                  COM              548661107      622    19761 SH       DEFINED 02                  0    19761        0
LSI LOGIC CORP                 COM              502161102      569    54464 SH       DEFINED 02                  0    54464        0
LUBRIZOL CORP                  COM              549271104      622    12071 SH       DEFINED 02                  0    12071        0
LYONDELL CHEMICAL CO           COM              552078107      604    20163 SH       DEFINED 02                  0    20163        0
M & T BK CORP                  COM              55261F104      548     4731 SH       DEFINED 02                  0     4731        0
MACK CALI RLTY CORP            COM              554489104      413     8677 SH       DEFINED 02                  0     8677        0
MANOR CARE INC NEW             COM              564055101      498     9167 SH       DEFINED 02                  0     9167        0
MARKET VECTORS ETF TR          GOLD MINER ETF   57060U100      215      925 SH  PUT  DEFINED 02                  0      925        0
MARRIOTT INTL INC NEW          CL A             571903202      780    15931 SH       DEFINED 02                  0    15931        0
MARSH & MCLENNAN COS INC       COM              571748102     1757    60000 SH       DEFINED 01                  0    60000        0
MARSH & MCLENNAN COS INC       COM              571748102      502    17151 SH       DEFINED 02                  0    17151        0
MARSHALL & ILSLEY CORP         COM              571834100      876    18916 SH       DEFINED 02                  0    18916        0
MARTHA STEWART LIVING OMNIME   CL A             573083102      444    26085 SH       DEFINED 02                  0    26085        0
MARTIN MARIETTA MATLS INC      COM              573284106     2166    16019 SH       DEFINED 02                  0    16019        0
MARVELL TECHNOLOGY GROUP LTD   ORD              G5876H105      320    19050 SH       DEFINED 02                  0    19050        0
MASCO CORP                     COM              574599106     1088    39700 SH       DEFINED 02                  0    39700        0
MASSEY ENERGY CORP             COM              576206106      910    37944 SH       DEFINED 02                  0    37944        0
MASTERCARD INC                 CL A             57636Q104     8514    80138 SH       DEFINED 02                  0    80138        0
MATRITECH INC                  COM              576818108        5    10423 SH       DEFINED 01                  0    10423        0
MATRIXX INITIATIVES INC        COM              57685L105      746    45908 SH       DEFINED 02                  0    45908        0
MATTEL INC                     COM              577081102     1003    36362 SH       DEFINED 02                  0    36362        0
MAXIM INTEGRATED PRODS INC     COM              57772K101     2209    75135 SH       DEFINED 02                  0    75135        0
MBIA INC                       COM              55262C100     8892   135779 SH       DEFINED 02                  0   135779        0
MCDONALDS CORP                 COM              580135101    18251   405117 SH       DEFINED 02                  0   405117        0
MCG CAPITAL CORP               COM              58047P107      322    17157 SH       DEFINED 02                  0    17157        0
MCGRAW HILL COS INC            COM              580645109     1550    24654 SH       DEFINED 02                  0    24654        0
MCMORAN EXPLORATION CO         COM              582411104     1311    95620 SH       DEFINED 02                  0    95620        0
MDU RES GROUP INC              COM              552690109      745    25939 SH       DEFINED 02                  0    25939        0
MEADWESTVACO CORP              COM              583334107      242     7842 SH       DEFINED 01                  0     7842        0
MEDIA & ENTMT HOLDINGS INC     UNIT 99/99/9999  58439W207       95    11841 SH       DEFINED 01                  0    11841        0
MEDIA GEN INC                  CL A             584404107      801    21001 SH       DEFINED 02                  0    21001        0
MEDICIS PHARMACEUTICAL CORP    CL A NEW         584690309     2201    71405 SH       DEFINED 02                  0    71405        0
MEDTRONIC INC                  COM              585055106      528    10769 SH       DEFINED 01                  0    10769        0
MEDTRONIC INC                  COM              585055106     1363    27785 SH       DEFINED 02                  0    27785        0
MEMC ELECTR MATLS INC          COM              552715104      411     6778 SH       DEFINED 02                  0     6778        0
MENTOR CORP MINN               COM              587188103      213     4640 SH       DEFINED 02                  0     4640        0
MERCK & CO INC                 COM              589331107     6439   145782 SH       DEFINED 02                  0   145782        0
MERCURY GENL CORP NEW          COM              589400100      314     5928 SH       DEFINED 02                  0     5928        0
MERRILL LYNCH & CO INC         COM              590188108    32561   398686 SH       DEFINED 02                  0   398686        0
METAL MGMT INC                 COM NEW          591097209      570    12342 SH       DEFINED 02                  0    12342        0
METLIFE INC                    COM              59156R108     1959    31029 SH       DEFINED 02                  0    31029        0
MICROCHIP TECHNOLOGY INC       COM              595017104     1280    36023 SH       DEFINED 02                  0    36023        0
MICRON TECHNOLOGY INC          COM              595112103      229    18933 SH       DEFINED 02                  0    18933        0
MICROSOFT CORP                 COM              594918104    30421  1091545 SH       DEFINED 02                  0  1091545        0
MICROSTRATEGY INC              CL A NEW         594972408     1287    10180 SH       DEFINED 02                  0    10180        0
MICROVISION INC DEL            COM              594960106      104    28300 SH       DEFINED 02                  0    28300        0
MIDCAP SPDR TR                 UNIT SER 1       595635103    46302   299553 SH       DEFINED 02                  0   299553        0
MIDWAY GAMES INC               COM              598148104      461    73683 SH       DEFINED 02                  0    73683        0
MILACRON INC                   COM              598709103       15    19599 SH       DEFINED 01                  0    19599        0
MILLICOM INTL CELLULAR S A     SHS NEW          L6388F110     2968    37876 SH       DEFINED 02                  0    37876        0
MINERALS TECHNOLOGIES INC      COM              603158106      226     3635 SH       DEFINED 02                  0     3635        0
MIRANT CORP NEW                COM              60467R100    47633  1177279 SH       DEFINED 02                  0  1177279        0
MIRANT CORP NEW                COM              60467R100    22404    14944 SH  CALL DEFINED 02                  0    14944        0
MOLSON COORS BREWING CO        CL B             60871R209      687     7259 SH       DEFINED 02                  0     7259        0
MOLSON COORS BREWING CO        CL B             60871R209      254     2680 SH       DEFINED 01                  0     2680        0
MONEYGRAM INTL INC             COM              60935Y109     3951   142313 SH       DEFINED 01                  0   142313        0
MONSTER WORLDWIDE INC          COM              611742107      740    15622 SH       DEFINED 02                  0    15622        0
MONTPELIER RE HOLDINGS LTD     SHS              G62185106     4653   268324 SH       DEFINED 01                  0   268324        0
MORGAN STANLEY GBL OPP BOND    COM              61744R103      263    32927 SH       DEFINED 01                  0    32927        0
MORNINGSTAR INC                COM              617700109     1169    22629 SH       DEFINED 02                  0    22629        0
MORTONS RESTAURANT GRP INC N   COM              619430101      206    11587 SH       DEFINED 01                  0    11587        0
MOSAIC CO                      COM              61945A107      653    24495 SH       DEFINED 02                  0    24495        0
MOTOROLA INC                   COM              620076109      592    33504 SH       DEFINED 02                  0    33504        0
MPS GROUP INC                  COM              553409103      193    13627 SH       DEFINED 02                  0    13627        0
MSC INDL DIRECT INC            CL A             553530106      386     8271 SH       DEFINED 02                  0     8271        0
MYLAN LABS INC                 COM              628530107     1572    74347 SH       DEFINED 01                  0    74347        0
NASDAQ 100 TR                  UNIT SER 1       631100104     7279   167224 SH       DEFINED 02                  0   167224        0
NASDAQ STOCK MARKET INC        COM              631103108     1833    62314 SH       DEFINED 02                  0    62314        0
NATIONAL INSTRS CORP           COM              636518102      654    24931 SH       DEFINED 02                  0    24931        0
NAUTILUS INC                   COM              63910B102      408    26466 SH       DEFINED 02                  0    26466        0
NAVARRE CORP                   COM              639208107     1736   463028 SH       DEFINED 02                  0   463028        0
NAVTEQ CORP                    COM              63936L100      787    22807 SH       DEFINED 02                  0    22807        0
NELNET INC                     CL A             64031N108      591    24662 SH       DEFINED 02                  0    24662        0
NETFLIX COM INC                COM              64110L106      312    13470 SH       DEFINED 02                  0    13470        0
NETGEAR INC                    COM              64111Q104      916    32091 SH       DEFINED 02                  0    32091        0
NETLOGIC MICROSYSTEMS INC      COM              64118B100     1836    68983 SH       DEFINED 02                  0    68983        0
NETWORK APPLIANCE INC          COM              64120L104     1281    35069 SH       DEFINED 02                  0    35069        0
NEUROCRINE BIOSCIENCES INC     COM              64125C109      360    28800 SH       DEFINED 02                  0    28800        0
NEW DRAGON ASIA CORP           CL A             64378H102       15    10500 SH       DEFINED 02                  0    10500        0
NEW ORIENTAL ED & TECH GRP I   SPON ADR         647581107      820    20238 SH       DEFINED 01                  0    20238        0
NEW PLAN EXCEL RLTY TR INC     COM              648053106      359    10864 SH       DEFINED 02                  0    10864        0
NEW YORK CMNTY BANCORP INC     COM              649445103      816    46368 SH       DEFINED 02                  0    46368        0
NEWELL RUBBERMAID INC          COM              651229106      500    16090 SH       DEFINED 02                  0    16090        0
NEWFIELD EXPL CO               COM              651290108     1537    36856 SH       DEFINED 02                  0    36856        0
NEWS CORP                      CL B             65248E203     1105    45146 SH       DEFINED 02                  0    45146        0
NII HLDGS INC                  CL B NEW         62913F201     2918    39339 SH       DEFINED 02                  0    39339        0
NIS GROUP CO LTD               SP ADR 10 ORD    654655109      109    18402 SH       DEFINED 01                  0    18402        0
NOBLE CORPORATION              SHS              G65422100      355      500 SH  CALL DEFINED 02                  0      500        0
NORDSTROM INC                  COM              655664100     2893    54656 SH       DEFINED 02                  0    54656        0
NORFOLK SOUTHERN CORP          COM              655844108     5163   102045 SH       DEFINED 02                  0   102045        0
NOVATEL WIRELESS INC           COM NEW          66987M604      910    56729 SH       DEFINED 02                  0    56729        0
NOVELL INC                     COM              670006105      877   121399 SH       DEFINED 02                  0   121399        0
NPS PHARMACEUTICALS INC        COM              62936P103       50    14841 SH       DEFINED 02                  0    14841        0
NRG ENERGY INC                 COM NEW          629377508     6728    93393 SH       DEFINED 02                  0    93393        0
NSTAR                          COM              67019E107      559    15906 SH       DEFINED 02                  0    15906        0
NTR ACQUISITION CO             COM              629415100      359    39445 SH       DEFINED 01                  0    39445        0
NUCOR CORP                     COM              670346105     1495    22960 SH       DEFINED 02                  0    22960        0
NUCOR CORP                     COM              670346105      248     3811 SH       DEFINED 01                  0     3811        0
NUTRI SYS INC NEW              COM              67069D108      953    18189 SH       DEFINED 02                  0    18189        0
NYSE GROUP INC                 COM              62949W103   270600  2886372 SH       DEFINED 01                  0  2886372        0
O REILLY AUTOMOTIVE INC        COM              686091109      897    27110 SH       DEFINED 02                  0    27110        0
OAKLEY INC                     COM              673662102      474    23521 SH       DEFINED 02                  0    23521        0
OCCIDENTAL PETE CORP DEL       COM              674599105     2832    57440 SH       DEFINED 02                  0    57440        0
OCCULOGIX INC                  COM              67461T107      103    63450 SH       DEFINED 02                  0    63450        0
OCEANEERING INTL INC           COM              675232102      867    20594 SH       DEFINED 02                  0    20594        0
ODYSSEY RE HLDGS CORP          COM              67612W108      741    18848 SH       DEFINED 02                  0    18848        0
OFFICE DEPOT INC               COM              676220106      477    13576 SH       DEFINED 01                  0    13576        0
OGE ENERGY CORP                COM              670837103      865    22306 SH       DEFINED 02                  0    22306        0
OHIO CAS CORP                  COM              677240103      393    13122 SH       DEFINED 02                  0    13122        0
OLD REP INTL CORP              COM              680223104      879    39756 SH       DEFINED 02                  0    39756        0
OMNICARE INC                   COM              681904108      727    18270 SH       DEFINED 02                  0    18270        0
OMRIX BIOPHARMACEUTICALS INC   COM              681989109      721    18844 SH       DEFINED 02                  0    18844        0
ON SEMICONDUCTOR CORP          COM              682189105      124    13847 SH       DEFINED 02                  0    13847        0
ONEOK INC NEW                  COM              682680103      833    18502 SH       DEFINED 02                  0    18502        0
OPEN JT STK CO-VIMPEL COMMUN   SPONSORED ADR    68370R109      264     2780 SH       DEFINED 02                  0     2780        0
OPEN TEXT CORP                 COM              683715106      249    11352 SH       DEFINED 02                  0    11352        0
OPENWAVE SYS INC               COM NEW          683718308      425    52131 SH       DEFINED 02                  0    52131        0
OPSWARE INC                    COM              68383A101      164    22557 SH       DEFINED 02                  0    22557        0
OPTIMAL GROUP INC              CL A NEW         68388R208      213    25400 SH       DEFINED 02                  0    25400        0
ORACLE CORP                    COM              68389X105     5153   284225 SH       DEFINED 02                  0   284225        0
OSHKOSH TRUCK CORP             COM              688239201      533    10056 SH       DEFINED 02                  0    10056        0
OSI PHARMACEUTICALS INC        COM              671040103     3429   103901 SH       DEFINED 02                  0   103901        0
OSI RESTAURANT PARTNERS INC    COM              67104A101      919    23276 SH       DEFINED 02                  0    23276        0
OVERSEAS SHIPHOLDING GROUP I   COM              690368105      352     5624 SH       DEFINED 02                  0     5624        0
OVERSTOCK COM INC DEL          COM              690370101      256    15408 SH       DEFINED 02                  0    15408        0
PACCAR INC                     COM              693718108     3911    53286 SH       DEFINED 02                  0    53286        0
PACIFIC SUNWEAR CALIF INC      COM              694873100      638    30648 SH       DEFINED 02                  0    30648        0
PACKAGING CORP AMER            COM              695156109      408    16722 SH       DEFINED 02                  0    16722        0
PAIN THERAPEUTICS INC          COM              69562K100     1136   144898 SH       DEFINED 02                  0   144898        0
PAIN THERAPEUTICS INC          COM              69562K100      235     2000 SH  PUT  DEFINED 02                  0     2000        0
PALM INC NEW                   COM              696643105     4737   261302 SH       DEFINED 02                  0   261302        0
PAN AMERICAN SILVER CORP       COM              697900108     1628    55031 SH       DEFINED 02                  0    55031        0
PANACOS PHARMACEUTICALS INC    COM              69811Q106      127    27424 SH       DEFINED 02                  0    27424        0
PAPA JOHNS INTL INC            COM              698813102      586    19921 SH       DEFINED 02                  0    19921        0
PAR PHARMACEUTICAL COS INC     COM              69888P106     4633   184447 SH       DEFINED 02                  0   184447        0
PARALLEL PETE CORP DEL         COM              699157103      782    34070 SH       DEFINED 02                  0    34070        0
PARKERVISION INC               COM              701354102     1245    94265 SH       DEFINED 02                  0    94265        0
PARTNERRE LTD                  COM              G6852T105      713    10405 SH       DEFINED 02                  0    10405        0
PATTERSON COMPANIES INC        COM              703395103      270     7616 SH       DEFINED 02                  0     7616        0
PATTERSON UTI ENERGY INC       COM              703481101      359    15986 SH       DEFINED 02                  0    15986        0
PDL BIOPHARMA INC              COM              69329Y104      332    15281 SH       DEFINED 02                  0    15281        0
PEABODY ENERGY CORP            COM              704549104     3118    77486 SH       DEFINED 02                  0    77486        0
PENN NATL GAMING INC           COM              707569109     2944    69396 SH       DEFINED 02                  0    69396        0
PENTAIR INC                    COM              709631105      746    23945 SH       DEFINED 02                  0    23945        0
PENWEST PHARMACEUTICALS CO     COM              709754105      178    17685 SH       DEFINED 02                  0    17685        0
PEP BOYS MANNY MOE & JACK      COM              713278109     1293    67735 SH       DEFINED 02                  0    67735        0
PEPCO HOLDINGS INC             COM              713291102     1119    38560 SH       DEFINED 02                  0    38560        0
PEPSIAMERICAS INC              COM              71343P200      248    11095 SH       DEFINED 02                  0    11095        0
PERKINELMER INC                COM              714046109      662    27327 SH       DEFINED 02                  0    27327        0
PERU COPPER INC                COM              715455101      177    43000 SH       DEFINED 02                  0    43000        0
PETRO-CDA                      COM              71644E102      253     6440 SH       DEFINED 02                  0     6440        0
PETROCHINA CO LTD              SPONSORED ADR    71646E100      266     2268 SH       DEFINED 01                  0     2268        0
PETROHAWK ENERGY CORP          COM              716495106      577    43839 SH       DEFINED 02                  0    43839        0
PETSMART INC                   COM              716768106      677    20525 SH       DEFINED 02                  0    20525        0
PFIZER INC                     COM              717081103     2671   105743 SH       DEFINED 02                  0   105743        0
PHARMACEUTICAL HLDRS TR        DEPOSITRY RCPT   71712A206     8233   106000 SH       DEFINED 02                  0   106000        0
PHARMACYCLICS INC              COM              716933106      117    43969 SH       DEFINED 02                  0    43969        0
PHARMANET DEV GROUP INC        COM              717148100     2415    92867 SH       DEFINED 02                  0    92867        0
PHARMANET DEV GROUP INC        COM              717148100      366     3050 SH  PUT  DEFINED 02                  0     3050        0
PHILIPPINE LONG DISTANCE TEL   SPONSORED ADR    718252604      701    13278 SH       DEFINED 02                  0    13278        0
PIER 1 IMPORTS INC             COM              720279108      128    18539 SH       DEFINED 02                  0    18539        0
PINNACLE ENTMT INC             COM              723456109      632    21734 SH       DEFINED 02                  0    21734        0
PLAINS ALL AMERN PIPELINE L    UNIT LTD PARTN   726503105     2899    50314 SH       DEFINED 02                  0    50314        0
PLC SYS INC                    COM              69341D104       26    42996 SH       DEFINED 01                  0    42996        0
PNC FINL SVCS GROUP INC        COM              693475105      295     4096 SH       DEFINED 02                  0     4096        0
PNM RES INC                    COM              69349H107      424    13135 SH       DEFINED 02                  0    13135        0
POLO RALPH LAUREN CORP         CL A             731572103      228     2582 SH       DEFINED 02                  0     2582        0
POLYCOM INC                    COM              73172K104      587    17608 SH       DEFINED 02                  0    17608        0
POLYMEDICA CORP                COM              731738100      733    17318 SH       DEFINED 02                  0    17318        0
PORTFOLIO RECOVERY ASSOCS IN   COM              73640Q105      344     7700 SH       DEFINED 02                  0     7700        0
POTLATCH CORP NEW              COM              737630103      334     7293 SH       DEFINED 02                  0     7293        0
POWERSHARES ETF TRUST          DYN RETAIL PTF   73935X617      451    22327 SH       DEFINED 02                  0    22327        0
POWERSHARES ETF TRUST          HLTHCR SVC POR   73935X328     1310    48509 SH       DEFINED 02                  0    48509        0
POWERSHARES ETF TRUST          HI YLD EQ DVDN   73935X302      524    33072 SH       DEFINED 02                  0    33072        0
POWERSHARES ETF TRUST          HI GRW RT DIV    73935X724     2258   138555 SH       DEFINED 02                  0   138555        0
POWERSHARES ETF TRUST          DYNM SM CP VAL   73935X864     2353   128645 SH       DEFINED 02                  0   128645        0
POWERSHARES ETF TRUST          DYNM SM CP GRW   73935X872     2797   153184 SH       DEFINED 02                  0   153184        0
POWERSHARES ETF TRUST          WNDRHLL CLN EN   73935X500     7330   388018 SH       DEFINED 02                  0   388018        0
POWERSHARES ETF TRUST          INTL DIV ACHV    73935X716     1121    58096 SH       DEFINED 02                  0    58096        0
POWERSHARES ETF TRUST          DYN OIL SVCS     73935X625      524    24868 SH       DEFINED 02                  0    24868        0
POWERSHARES ETF TRUST          DYN NETWKG PRT   73935X815      245    13604 SH       DEFINED 02                  0    13604        0
POWERSHARES ETF TRUST          DYN EN EX PROD   73935X658     1603    79034 SH       DEFINED 02                  0    79034        0
POWERSHARES ETF TRUST          DYN BIOT & GEN   73935X856     1114    61892 SH       DEFINED 02                  0    61892        0
POWERSHARES ETF TRUST          DYMN MC VAL      73935X880      309    15840 SH       DEFINED 02                  0    15840        0
POWERSHARES ETF TRUST          AGGRESV GROWTH   73935X294     5758   225527 SH       DEFINED 02                  0   225527        0
POWERSHARES ETF TRUST          DYN SEMCT PORT   73935X781     1342    75968 SH       DEFINED 02                  0    75968        0
POWERSHARES ETF TRUST          DYNAM MIDCP PT   73935X443     1310    48579 SH       DEFINED 02                  0    48579        0
POWERSHS DB MULTI SECT COMM    DB OIL FUND      73936B507      883    32526 SH       DEFINED 02                  0    32526        0
POWERWAVE TECHNOLOGIES INC     COM              739363109      232    40763 SH       DEFINED 02                  0    40763        0
PPL CORP                       COM              69351T106      945    23117 SH       DEFINED 02                  0    23117        0
PRECISION CASTPARTS CORP       COM              740189105      958     9211 SH       DEFINED 02                  0     9211        0
PRIDE INTL INC DEL             COM              74153Q102      794    26380 SH       DEFINED 02                  0    26380        0
PROGRESSIVE CORP OHIO          COM              743315103     8236   377440 SH       DEFINED 02                  0   377440        0
PROGRESSIVE GAMING INTL CORP   COM              74332S102       53    11676 SH       DEFINED 02                  0    11676        0
PROSHARES TR                   SHORT QQQ PSHS   74347R602     2535    40430 SH       DEFINED 02                  0    40430        0
PROTECTIVE LIFE CORP           COM              743674103      512    11627 SH       DEFINED 02                  0    11627        0
PROVIDENT ENERGY TR            TR UNIT          74386K104      438    40500 SH       DEFINED 02                  0    40500        0
PSS WORLD MED INC              COM              69366A100      600     1250 SH  CALL DEFINED 02                  0     1250        0
PSYCHIATRIC SOLUTIONS INC      COM              74439H108      284     7046 SH       DEFINED 02                  0     7046        0
PUBLIC SVC ENTERPRISE GROUP    COM              744573106    15027   180962 SH       DEFINED 02                  0   180962        0
PW EAGLE INC                   COM              69366Y108     1840    55684 SH       DEFINED 02                  0    55684        0
PYR ENERGY CORP                COM              693677106       11    10134 SH       DEFINED 01                  0    10134        0
QIAO XING UNIVERSAL TELEPHON   ORD              G7303A109      710    41967 SH       DEFINED 02                  0    41967        0
QLOGIC CORP                    COM              747277101      650    38259 SH       DEFINED 02                  0    38259        0
QUANTUM FUEL SYS TECH WORLDW   COM              74765E109       30    24493 SH       DEFINED 02                  0    24493        0
QUICKSILVER RESOURCES INC      COM              74837R104     1199    30139 SH       DEFINED 02                  0    30139        0
QUIDEL CORP                    COM              74838J101      836    69655 SH       DEFINED 02                  0    69655        0
QWEST COMMUNICATIONS INTL IN   COM              749121109     1459   162243 SH       DEFINED 01                  0   162243        0
RAMBUS INC DEL                 COM              750917106      350    16467 SH       DEFINED 02                  0    16467        0
RANDGOLD RES LTD               ADR              752344309      456    19079 SH       DEFINED 02                  0    19079        0
RANGE RES CORP                 COM              75281A109      882    26408 SH       DEFINED 02                  0    26408        0
RAYTHEON CO                    COM NEW          755111507     2456    46808 SH       DEFINED 02                  0    46808        0
RCN CORP                       COM NEW          749361200     1493    58426 SH       DEFINED 02                  0    58426        0
REALOGY CORP                   COM              75605E100     1270    42877 SH       DEFINED 01                  0    42877        0
REALOGY CORP                   COM              75605E100     2729    92153 SH       DEFINED 02                  0    92153        0
REDDY ICE HLDGS INC            COM              75734R105      202     6701 SH       DEFINED 02                  0     6701        0
REGAL ENTMT GROUP              CL A             758766109      894    45017 SH       DEFINED 02                  0    45017        0
REGIONAL BK HOLDRS TR          DEPOSITRY RCPT   75902E100      236     1750 SH  PUT  DEFINED 02                  0     1750        0
RENAISSANCE ACQUISITION CORP   *W EXP 01/28/201 75966C115       22    58550 SH       DEFINED 01                  0    58550        0
RENT A CTR INC NEW             COM              76009N100      863    30840 SH       DEFINED 02                  0    30840        0
REPUBLIC SVCS INC              COM              760759100      788    28326 SH       DEFINED 02                  0    28326        0
RESEARCH IN MOTION LTD         COM              760975102     3230    23667 SH       DEFINED 02                  0    23667        0
REUNION INDS INC               COM              761312107       15    66103 SH       DEFINED 01                  0    66103        0
REYNOLDS AMERICAN INC          COM              761713106    10599   169822 SH       DEFINED 02                  0   169822        0
RF MICRODEVICES INC            COM              749941100      283    45362 SH       DEFINED 02                  0    45362        0
RITE AID CORP                  COM              767754104     1914   331780 SH       DEFINED 02                  0   331780        0
ROCKWELL AUTOMATION INC        COM              773903109     1463    24441 SH       DEFINED 02                  0    24441        0
ROPER INDS INC NEW             COM              776696106      509     9281 SH       DEFINED 02                  0     9281        0
ROSTELECOM OPEN JT STK LNG D   SPONSORED ADR    778529107      591    11383 SH       DEFINED 02                  0    11383        0
RPM INTL INC                   COM              749685103      481    20844 SH       DEFINED 02                  0    20844        0
RTI INTL METALS INC            COM              74973W107     1635    17967 SH       DEFINED 02                  0    17967        0
RUDDICK CORP                   COM              781258108     1070    35556 SH       DEFINED 02                  0    35556        0
RYDEX ETF TRUST                S&P 500 EQ TRD   78355W106    24240   499586 SH       DEFINED 02                  0   499586        0
SABRE HLDGS CORP               CL A             785905100      530      520 SH  CALL DEFINED 02                  0      520        0
SALLY BEAUTY HLDGS INC         COM              79546E104      120    13033 SH       DEFINED 02                  0    13033        0
SALTON INC                     COM              795757103       27    11383 SH       DEFINED 02                  0    11383        0
SANDERSON FARMS INC            COM              800013104     2334    62973 SH       DEFINED 02                  0    62973        0
SANDISK CORP                   COM              80004C101     2053    46866 SH       DEFINED 02                  0    46866        0
SANOFI AVENTIS                 SPONSORED ADR    80105N105     1350    31034 SH       DEFINED 02                  0    31034        0
SARA LEE CORP                  COM              803111103     2457   145241 SH       DEFINED 02                  0   145241        0
SCANA CORP NEW                 COM              80589M102      300     6940 SH       DEFINED 02                  0     6940        0
SCHEIN HENRY INC               COM              806407102     2049    37125 SH       DEFINED 02                  0    37125        0
SCIENTIFIC GAMES CORP          CL A             80874P109     1034    31507 SH       DEFINED 02                  0    31507        0
SCOTTISH PWR PLC               SP ADR FNL NEW   81013T804      478     7617 SH       DEFINED 01                  0     7617        0
SCOTTISH PWR PLC               SP ADR FNL NEW   81013T804      223     3545 SH       DEFINED 02                  0     3545        0
SCOTTS MIRACLE GRO CO          CL A             810186106      290     6586 SH       DEFINED 02                  0     6586        0
SEAGATE TECHNOLOGY             SHS              G7945J104      803    34482 SH       DEFINED 01                  0    34482        0
SEAGATE TECHNOLOGY             SHS              G7945J104     8438   362131 SH       DEFINED 02                  0   362131        0
SEALED AIR CORP NEW            COM              81211K100      640    20268 SH       DEFINED 02                  0    20268        0
SEARS HLDGS CORP               COM              812350106    35670   197991 SH       DEFINED 02                  0   197991        0
SEI INVESTMENTS CO             COM              784117103      557     9241 SH       DEFINED 02                  0     9241        0
SELECT SECTOR SPDR TR          SBI INT-TECH     81369Y803      709    30383 SH       DEFINED 02                  0    30383        0
SELECT SECTOR SPDR TR          SBI INT-FINL     81369Y605    26897   754902 SH       DEFINED 02                  0   754902        0
SELECT SECTOR SPDR TR          SBI HEALTHCARE   81369Y209      512    15228 SH       DEFINED 02                  0    15228        0
SELECT SECTOR SPDR TR          SBI CONS DISCR   81369Y407     2278    59910 SH       DEFINED 02                  0    59910        0
SELECT SECTOR SPDR TR          SBI CONS STPLS   81369Y308     1423    53673 SH       DEFINED 02                  0    53673        0
SEMICONDUCTOR HLDRS TR         DEP RCPT         816636203    46482  1392093 SH       DEFINED 02                  0  1392093        0
SEPRACOR INC                   COM              817315104      652    13974 SH       DEFINED 02                  0    13974        0
SERVICEMASTER CO               COM              81760N109      256    16646 SH       DEFINED 02                  0    16646        0
SHANDA INTERACTIVE ENTMT LTD   SPONSORED ADR    81941Q203     1066    39696 SH       DEFINED 02                  0    39696        0
SIERRA HEALTH SVCS INC         COM              826322109     1102    26767 SH       DEFINED 02                  0    26767        0
SIERRA PAC RES NEW             COM              826428104      744    42793 SH       DEFINED 02                  0    42793        0
SIFY LTD                       SPONSORED ADR    82655M107      154    17864 SH       DEFINED 02                  0    17864        0
SIGMA DESIGNS INC              COM              826565103      270    10298 SH       DEFINED 02                  0    10298        0
SILVER STD RES INC             COM              82823L106      870    24944 SH       DEFINED 02                  0    24944        0
SINGING MACH INC               COM NEW          829322304       24    27509 SH       DEFINED 01                  0    27509        0
SIRENZA MICRODEVICES INC       COM              82966T106       96    11082 SH       DEFINED 02                  0    11082        0
SIRF TECHNOLOGY HLDGS INC      COM              82967H101      903    32512 SH       DEFINED 02                  0    32512        0
SIRIUS SATELLITE RADIO INC     COM              82966U103     3648  1140000 SH       DEFINED 01                  0  1140000        0
SKECHERS U S A INC             CL A             830566105      354    10543 SH       DEFINED 02                  0    10543        0
SLM CORP                       COM              78442P106    13554   331384 SH       DEFINED 02                  0   331384        0
SMITH & WESSON HLDG CORP       COM              831756101      428    32676 SH       DEFINED 02                  0    32676        0
SMUCKER J M CO                 COM NEW          832696405      550    10318 SH       DEFINED 02                  0    10318        0
SOFTWARE HOLDRS TR             DEPOSITRY RCPT   83404B103      298     7700 SH       DEFINED 02                  0     7700        0
SONIC AUTOMOTIVE INC           CL A             83545G102      201     7049 SH       DEFINED 01                  0     7049        0
SONIC SOLUTIONS                COM              835460106      507    35922 SH       DEFINED 02                  0    35922        0
SONOCO PRODS CO                COM              835495102      652    17342 SH       DEFINED 02                  0    17342        0
SONUS PHARMACEUTICALS INC      COM              835692104      341    67813 SH       DEFINED 02                  0    67813        0
SOTHEBYS                       COM              835898107      818    18398 SH       DEFINED 02                  0    18398        0
SPRINT NEXTEL CORP             COM FON          852061100     1252     9100 SH  CALL DEFINED 02                  0     9100        0
SPRINT NEXTEL CORP             COM FON          852061100      205     1000 SH  PUT  DEFINED 02                  0     1000        0
ST JOE CO                      COM              790148100      309     5908 SH       DEFINED 02                  0     5908        0
ST JUDE MED INC                COM              790849103     2480    65940 SH       DEFINED 02                  0    65940        0
ST JUDE MED INC                COM              790849103      225     5995 SH       DEFINED 01                  0     5995        0
ST MARY LD & EXPL CO           COM              792228108      329     8981 SH       DEFINED 02                  0     8981        0
STANCORP FINL GROUP INC        COM              852891100      364     7407 SH       DEFINED 02                  0     7407        0
STAR SCIENTIFIC INC            COM              85517P101      204   177267 SH       DEFINED 02                  0   177267        0
STARBUCKS CORP                 COM              855244109     1955    62337 SH       DEFINED 02                  0    62337        0
STARWOOD HOTELS&RESORTS WRLD   COM              85590A401    39796   613663 SH       DEFINED 02                  0   613663        0
STATE STR CORP                 COM              857477103      368     5685 SH       DEFINED 01                  0     5685        0
STATE STR CORP                 COM              857477103     5299    81843 SH       DEFINED 02                  0    81843        0
STEC INC                       COM              784774101      427    60643 SH       DEFINED 02                  0    60643        0
STEEL DYNAMICS INC             COM              858119100     1135    26280 SH       DEFINED 02                  0    26280        0
STEMCELLS INC                  COM              85857R105      102    40627 SH       DEFINED 02                  0    40627        0
STILLWATER MNG CO              COM              86074Q102     1079    84997 SH       DEFINED 02                  0    84997        0
STMICROELECTRONICS N V         NY REGISTRY      861012102     1204    62721 SH       DEFINED 02                  0    62721        0
STREETTRACKS INDEX SHS FDS     DJ EURSTX50ETF   863308201     1824    32779 SH       DEFINED 02                  0    32779        0
STREETTRACKS INDEX SHS FDS     MSCI ACWI EXUS   863308813      557    14600 SH       DEFINED 02                  0    14600        0
STREETTRACKS SER TR            KBW CAP MARKET   86330E778      745    11260 SH       DEFINED 02                  0    11260        0
STREETTRACKS SER TR            SPDR TTL MRKT    86330E885     2657    25800 SH       DEFINED 02                  0    25800        0
STREETTRACKS SER TR            SPDR SMALL CAP   86330E810      850    13448 SH       DEFINED 02                  0    13448        0
STREETTRACKS SER TR            KBW REG BANKNG   86330E554     3072    63848 SH       DEFINED 02                  0    63848        0
STREETTRACKS SER TR            KBW BANK ETF     86330E794     1704    30000 SH       DEFINED 02                  0    30000        0
STREETTRACKS SER TR            SPDR O&G EXPLO   86330E620      958    23530 SH       DEFINED 02                  0    23530        0
SUN MICROSYSTEMS INC           COM              866810104      658   109464 SH       DEFINED 02                  0   109464        0
SUNCOR ENERGY INC              COM              867229106     1228    16082 SH       DEFINED 02                  0    16082        0
SUNTRUST BKS INC               COM              867914103     5034    60623 SH       DEFINED 02                  0    60623        0
SUNTRUST BKS INC               COM              867914103      358     4306 SH       DEFINED 01                  0     4306        0
SUPERGEN INC                   COM              868059106      984   166775 SH       DEFINED 02                  0   166775        0
SUPERTEX INC                   COM              868532102      638    19225 SH       DEFINED 02                  0    19225        0
SUPERVALU INC                  COM              868536103     1312    33578 SH       DEFINED 02                  0    33578        0
SVB FINL GROUP                 COM              78486Q101     1120    23042 SH       DEFINED 02                  0    23042        0
SWIFT TRANSN CO                COM              870756103      921    29547 SH       DEFINED 02                  0    29547        0
SYBASE INC                     COM              871130100      487    19250 SH       DEFINED 02                  0    19250        0
SYMANTEC CORP                  COM              871503108     1729    99916 SH       DEFINED 02                  0    99916        0
SYNAPTICS INC                  COM              87157D109     1189    46482 SH       DEFINED 02                  0    46482        0
SYNIVERSE HLDGS INC            COM              87163F106      226    21404 SH       DEFINED 02                  0    21404        0
SYNOPSYS INC                   COM              871607107      620    23644 SH       DEFINED 02                  0    23644        0
SYSCO CORP                     COM              871829107      562    16615 SH       DEFINED 02                  0    16615        0
SYSTEMAX INC                   COM              871851101      192    10258 SH       DEFINED 02                  0    10258        0
TAIWAN SEMICONDUCTOR MFG LTD   SPONSORED ADR    874039100      154    14339 SH       DEFINED 01                  0    14339        0
TANOX INC                      COM              87588Q109      356    18992 SH       DEFINED 02                  0    18992        0
TASER INTL INC                 COM              87651B104      353    43963 SH       DEFINED 02                  0    43963        0
TATA MTRS LTD                  SPONSORED ADR    876568502      404    24951 SH       DEFINED 02                  0    24951        0
TCF FINL CORP                  COM              872275102      429    16289 SH       DEFINED 02                  0    16289        0
TD AMERITRADE HLDG CORP        COM              87236Y108      211    14199 SH       DEFINED 02                  0    14199        0
TD BANKNORTH INC               COM              87235A101      327    10170 SH       DEFINED 01                  0    10170        0
TD BANKNORTH INC               COM              87235A101     1301    40454 SH       DEFINED 02                  0    40454        0
TECH DATA CORP                 COM              878237106      383    10702 SH       DEFINED 02                  0    10702        0
TEEKAY SHIPPING MARSHALL ISL   COM              Y8564W103      630    11648 SH       DEFINED 02                  0    11648        0
TELEFLEX INC                   COM              879369106      411     6037 SH       DEFINED 02                  0     6037        0
TELEPHONE & DATA SYS INC       COM              879433100     3080    51653 SH       DEFINED 02                  0    51653        0
TENARIS S A                    SPONSORED ADR    88031M109      323     7033 SH       DEFINED 01                  0     7033        0
TENGASCO INC                   COM NEW          88033R205       14    18671 SH       DEFINED 01                  0    18671        0
TENNECO INC                    COM              880349105      494    19389 SH       DEFINED 02                  0    19389        0
TESORO CORP                    COM              881609101     2150    21406 SH       DEFINED 02                  0    21406        0
TEVA PHARMACEUTICAL INDS LTD   ADR              881624209     7795   208257 SH       DEFINED 02                  0   208257        0
TEXAS INDS INC                 COM              882491103     1740    23034 SH       DEFINED 02                  0    23034        0
THAI FD INC                    COM              882904105      118    12000 SH       DEFINED 01                  0    12000        0
THOMAS & BETTS CORP            COM              884315102      400     8193 SH       DEFINED 02                  0     8193        0
THOMAS & BETTS CORP            COM              884315102      293     6010 SH       DEFINED 01                  0     6010        0
THORATEC CORP                  COM NEW          885175307      232    11113 SH       DEFINED 02                  0    11113        0
TIMKEN CO                      COM              887389104     3889   128314 SH       DEFINED 02                  0   128314        0
TITANIUM METALS CORP           COM NEW          888339207      715    19937 SH       DEFINED 02                  0    19937        0
TOM ONLINE INC                 ADR REG S        889728200      483    34016 SH       DEFINED 02                  0    34016        0
TORONTO DOMINION BK ONT        COM NEW          891160509      412     6815 SH       DEFINED 02                  0     6815        0
TOTAL S A                      SPONSORED ADR    89151E109      538     7711 SH       DEFINED 01                  0     7711        0
TOTAL SYS SVCS INC             COM              891906109      294     9241 SH       DEFINED 02                  0     9241        0
TOYOTA MOTOR CORP              SP ADR REP2COM   892331307      578     4513 SH       DEFINED 01                  0     4513        0
TRAVELERS COMPANIES INC        COM              89417E109      652    12586 SH       DEFINED 02                  0    12586        0
TRIAD HOSPITALS INC            COM              89579K109      398     7608 SH       DEFINED 02                  0     7608        0
TRIQUINT SEMICONDUCTOR INC     COM              89674K103      121    24222 SH       DEFINED 02                  0    24222        0
TRONOX INC                     CL A             897051108      185    12837 SH       DEFINED 02                  0    12837        0
TURBOCHEF TECHNOLOGIES INC     COM NEW          900006206      613    40271 SH       DEFINED 02                  0    40271        0
TXU CORP                       COM              873168108     7032   109709 SH       DEFINED 02                  0   109709        0
TYCO INTL LTD NEW              COM              902124106     5378   170461 SH       DEFINED 02                  0   170461        0
U S AIRWAYS GROUP INC          COM              90341W108      261     5746 SH       DEFINED 01                  0     5746        0
U S AIRWAYS GROUP INC          COM              90341W108     3935    86516 SH       DEFINED 02                  0    86516        0
U S G CORP                     COM NEW          903293405     1867    40000 SH       DEFINED 01                  0    40000        0
U S G CORP                     COM NEW          903293405     1800    38570 SH       DEFINED 02                  0    38570        0
UAL CORP                       COM NEW          902549807     2508    65707 SH       DEFINED 02                  0    65707        0
UBS AG                         SHS NEW          H89231338      886    14900 SH       DEFINED 02                  0    14900        0
UDR INC                        COM              902653104      429    14004 SH       DEFINED 02                  0    14004        0
UNION PAC CORP                 COM              907818108     6726    66238 SH       DEFINED 02                  0    66238        0
UNISYS CORP                    COM              909214108      675    80044 SH       DEFINED 02                  0    80044        0
UNITED MICROELECTRONICS CORP   SPONSORED ADR    910873207      716   225066 SH       DEFINED 01                  0   225066        0
UNITED PARCEL SERVICE INC      CL B             911312106      540     7700 SH       DEFINED 01                  0     7700        0
UNITED STATES STL CORP NEW     COM              912909108     7703    77676 SH       DEFINED 02                  0    77676        0
UNITED TECHNOLOGIES CORP       COM              913017109      671    10330 SH       DEFINED 02                  0    10330        0
UNITEDHEALTH GROUP INC         COM              91324P102    13385   252685 SH       DEFINED 02                  0   252685        0
UNITRIN INC                    COM              913275103      338     7176 SH       DEFINED 02                  0     7176        0
UNIVERSAL CORP VA              COM              913456109      269     4386 SH       DEFINED 02                  0     4386        0
UNIVERSAL HEALTH RLTY INCM T   SH BEN INT       91359E105      247     6919 SH       DEFINED 01                  0     6919        0
UNIVERSAL HLTH SVCS INC        CL B             913903100      958    16732 SH       DEFINED 02                  0    16732        0
UNUM GROUP                     COM              91529Y106      272    11792 SH       DEFINED 01                  0    11792        0
URBAN OUTFITTERS INC           COM              917047102      260     9819 SH       DEFINED 02                  0     9819        0
US BANCORP DEL                 COM NEW          902973304      394    11276 SH       DEFINED 01                  0    11276        0
USEC INC                       COM              90333E108     2404   147951 SH       DEFINED 02                  0   147951        0
UTILITIES HOLDRS TR            DEPOSITRY RCPT   918019100    13171    93600 SH       DEFINED 02                  0    93600        0
VAIL RESORTS INC               COM              91879Q109      271     4981 SH       DEFINED 02                  0     4981        0
VALEANT PHARMACEUTICALS INTL   COM              91911X104      291    16832 SH       DEFINED 02                  0    16832        0
VALERO ENERGY CORP NEW         COM              91913Y100      588      482 SH  CALL DEFINED 02                  0      482        0
VALSPAR CORP                   COM              920355104     1072    38512 SH       DEFINED 02                  0    38512        0
VANGUARD INDEX FDS             EXTEND MKT ETF   922908652     1543    14500 SH       DEFINED 02                  0    14500        0
VANGUARD INDEX FDS             GROWTH ETF       922908736     1861    31890 SH       DEFINED 02                  0    31890        0
VANGUARD INDEX FDS             SMALL CP ETF     922908751      781    11084 SH       DEFINED 02                  0    11084        0
VANGUARD INDEX FDS             SML CP GRW ETF   922908595      383     5595 SH       DEFINED 02                  0     5595        0
VANGUARD INTL EQUITY INDEX F   EURPEAN ETF      922042874     3193    44968 SH       DEFINED 02                  0    44968        0
VANGUARD SPECIALIZED PORTFOL   DIV APP ETF      921908844     2743    51124 SH       DEFINED 02                  0    51124        0
VANGUARD WORLD FDS             CONSUM DIS ETF   92204A108     2817    45955 SH       DEFINED 02                  0    45955        0
VANGUARD WORLD FDS             FINANCIALS ETF   92204A405     2155    33927 SH       DEFINED 02                  0    33927        0
VARIAN MED SYS INC             COM              92220P105      869    18231 SH       DEFINED 02                  0    18231        0
VECTREN CORP                   COM              92240G101      384    13422 SH       DEFINED 02                  0    13422        0
VEECO INSTRS INC DEL           COM              922417100     1043    53479 SH       DEFINED 02                  0    53479        0
VERIZON COMMUNICATIONS         COM              92343V104     7368   194296 SH       DEFINED 02                  0   194296        0
VERTEX PHARMACEUTICALS INC     COM              92532F100      612     2570 SH  CALL DEFINED 02                  0     2570        0
VIACOM INC NEW                 CL B             92553P201     2517    61214 SH       DEFINED 02                  0    61214        0
VIAD CORP                      COM NEW          92552R406     1014    26262 SH       DEFINED 02                  0    26262        0
VIDESH SANCHAR NIGAM LTD       SPON ADR NEW     92659G600      231    12462 SH       DEFINED 02                  0    12462        0
VIRAGEN INC                    COM NEW          927638403        3    51716 SH       DEFINED 01                  0    51716        0
VIRAGEN INC                    UNIT 04/30/2007  927638502        1    16607 SH       DEFINED 01                  0    16607        0
VIRAGEN INC                    *W EXP 10/29/201 927638171        1    35602 SH       DEFINED 01                  0    35602        0
VIRGIN MEDIA INC               COM              92769L101     3339   132236 SH       DEFINED 02                  0   132236        0
VISTACARE INC                  CL A             92839Y109       88    10164 SH       DEFINED 02                  0    10164        0
W & T OFFSHORE INC             COM              92922P106      369    12764 SH       DEFINED 02                  0    12764        0
WACHOVIA CORP 2ND NEW          COM              929903102     1613    29309 SH       DEFINED 01                  0    29309        0
WACHOVIA CORP 2ND NEW          COM              929903102     4224    76722 SH       DEFINED 02                  0    76722        0
WAL MART STORES INC            COM              931142103    12720   270931 SH       DEFINED 02                  0   270931        0
WALGREEN CO                    COM              931422109     1395    30399 SH       DEFINED 02                  0    30399        0
WARNER MUSIC GROUP CORP        COM              934550104      422    24746 SH       DEFINED 02                  0    24746        0
WASHINGTON FED INC             COM              938824109      352    15023 SH       DEFINED 02                  0    15023        0
WASHINGTON MUT INC             COM              939322103     4265   105626 SH       DEFINED 02                  0   105626        0
WASHINGTON POST CO             CL B             939640108      721      944 SH       DEFINED 02                  0      944        0
WATSCO INC                     COM              942622200      310     6068 SH       DEFINED 02                  0     6068        0
WATSON PHARMACEUTICALS INC     COM              942683103     4885   184827 SH       DEFINED 01                  0   184827        0
WATSON PHARMACEUTICALS INC     COM              942683103      562    21248 SH       DEFINED 02                  0    21248        0
WEBSIDESTORY INC               COM              947685103      582    44954 SH       DEFINED 02                  0    44954        0
WEBSTER FINL CORP CONN         COM              947890109      378     7864 SH       DEFINED 02                  0     7864        0
WEINGARTEN RLTY INVS           SH BEN INT       948741103      252     5300 SH       DEFINED 02                  0     5300        0
WELLPOINT INC                  COM              94973V107     4371    53899 SH       DEFINED 02                  0    53899        0
WELLS FARGO & CO NEW           COM              949746101      714    20733 SH       DEFINED 01                  0    20733        0
WENDYS INTL INC                COM              950590109    14416   460585 SH       DEFINED 02                  0   460585        0
WESCO INTL INC                 COM              95082P105      408     6499 SH       DEFINED 02                  0     6499        0
WESTAR ENERGY INC              COM              95709T100      309    11243 SH       DEFINED 02                  0    11243        0
WESTERN UN CO                  COM              959802109     1317    59987 SH       DEFINED 02                  0    59987        0
WESTWOOD ONE INC               COM              961815107      254    36905 SH       DEFINED 02                  0    36905        0
WET SEAL INC                   CL A             961840105      615    93923 SH       DEFINED 02                  0    93923        0
WHITING PETE CORP NEW          COM              966387102      246     6247 SH       DEFINED 02                  0     6247        0
WHOLE FOODS MKT INC            COM              966837106     1031    22991 SH       DEFINED 02                  0    22991        0
WILLIAMS COS INC DEL           COM              969457100     3644    18500 SH  CALL DEFINED 02                  0    18500        0
WIND RIVER SYSTEMS INC         COM              973149107      479    48142 SH       DEFINED 02                  0    48142        0
WIRELESS HOLDRS TR             DEPOSITRY RCPT   97653L208    14825   247000 SH       DEFINED 02                  0   247000        0
WISCONSIN ENERGY CORP          COM              976657106     1011    20833 SH       DEFINED 02                  0    20833        0
WISDOMTREE TRUST               PAC EXJP HG YD   97717W810     2181    32468 SH       DEFINED 02                  0    32468        0
WISDOMTREE TRUST               PAC EXJP TOT D   97717W828     3616    53494 SH       DEFINED 02                  0    53494        0
WISDOMTREE TRUST               JP SMALLCP DIV   97717W836     1477    28308 SH       DEFINED 02                  0    28308        0
WISDOMTREE TRUST               EUROPE SMCP DV   97717W869      829    11776 SH       DEFINED 02                  0    11776        0
WISDOMTREE TRUST               DIEFA HG YD EQ   97717W802     1619    25277 SH       DEFINED 02                  0    25277        0
WISDOMTREE TRUST               DIEFA FD         97717W703     4160    64501 SH       DEFINED 02                  0    64501        0
WISDOMTREE TRUST               EUROPE TOT DIV   97717W885      453     7098 SH       DEFINED 02                  0     7098        0
WITNESS SYS INC                COM              977424100      499    18513 SH       DEFINED 02                  0    18513        0
WORTHINGTON INDS INC           COM              981811102     1755    85280 SH       DEFINED 02                  0    85280        0
WYETH                          COM              983024100     1777    35513 SH       DEFINED 02                  0    35513        0
WYNDHAM WORLDWIDE CORP         COM              98310W108      856    25060 SH       DEFINED 02                  0    25060        0
XANSER CORP                    COM              98389J103      116    21100 SH       DEFINED 01                  0    21100        0
XCEL ENERGY INC                COM              98389B100     1015    41113 SH       DEFINED 02                  0    41113        0
XEROX CORP                     COM              984121103      711    42108 SH       DEFINED 02                  0    42108        0
XM SATELLITE RADIO HLDGS INC   CL A             983759101     3134   242601 SH       DEFINED 02                  0   242601        0
YAHOO INC                      COM              984332106     6589   210594 SH       DEFINED 02                  0   210594        0
YAMANA GOLD INC                COM              98462Y100     2069   144088 SH       DEFINED 02                  0   144088        0
YAMANA GOLD INC                COM              98462Y100      600     5000 SH  PUT  DEFINED 02                  0     5000        0
YRC WORLDWIDE INC              COM              984249102     1011    25138 SH       DEFINED 02                  0    25138        0
YUM BRANDS INC                 COM              988498101    11399   197354 SH       DEFINED 02                  0   197354        0
ZEBRA TECHNOLOGIES CORP        CL A             989207105      273     7062 SH       DEFINED 02                  0     7062        0
ZORAN CORP                     COM              98975F101      297    17451 SH       DEFINED 02                  0    17451        0
ZWEIG TOTAL RETURN FD INC      COM              989837109      117    20000 SH       DEFINED 01                  0    20000        0