FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   VALUEVEST HIGH CONCENTRATION MASTER FUND, LTD. 2. Date of Event Requiring Statement (Month/Day/Year) 03/19/2007 3. Issuer Name and Ticker or Trading Symbol AMPEX CORP /DE/ [AMPX] (Last) (First) (Middle) QUEENSGATE HOUSE, 113 SOUTH CHURCH STREET, PO BOX 1234 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) GEORGE TOWN, GRAND CAYMAN, E9 00000 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Class A Common Stock, $0.01 par value per share 524,336 D (1)   Class A Common Stock, $0.01 par value per share 524,336 I (2) See Exhibit 99 Class A Common Stock, $0.01 par value per share 524,336 I (3) See Exhibit 99 Class A Common Stock, $0.01 par value per share 524,336 I (4) See Exhibit 99

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
VALUEVEST HIGH CONCENTRATION MASTER FUND, LTD. QUEENSGATE HOUSE 113 SOUTH CHURCH STREET, PO BOX 1234 GEORGE TOWN, GRAND CAYMAN, E9 00000	Â	  X	Â	Â
VALUEVEST MANAGEMENT CO II, LLC ONE FERRY BUILDING, SUITE 255 SAN FRANCISCO, CA 94111	Â	  X	Â	Â
BAKAR MARK B C/O VALUEVEST ONE FERRY BUILDING, SUITE 255 SAN FRANCISCO, CA 94111	Â	  X	Â	Â
CARIANI DAVID C/O VALUEVEST ONE FERRY BUILDING, SUITE 255 SAN FRANCISCO, CA 94111	Â	  X	Â	Â

Signatures

ValueVest High Concentration Master Fund, Ltd., By: /s/ Mark B. Bakar, Director		03/21/2007
**Signature of Reporting Person		Date
ValueVest Management Company II, LLC, By: /s/ David Cariani, Managing Member		03/21/2007
**Signature of Reporting Person		Date
/s/ Mark B. Bakar		03/21/2007
**Signature of Reporting Person		Date
/s/ David Cariani		03/21/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	See Exhibit 99.
(2)	The number shown represents the number of the Issuer's securities beneficially owned by ValueVest Management Company II, LLC.
(3)	The number shown represents the number of the Issuer's securities beneficially owned by Mark B. Bakar.
(4)	The number shown represents the number of the Issuer's securities beneficially owned by David Cariani.

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