FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * PLAINFIELD ASSET MANAGEMENT LLC   2. Issuer Name and Ticker or Trading Symbol PLAYBOY ENTERPRISES INC [PLA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 333 LUDLOW STREET 3. Date of Earliest Transaction (Month/Day/Year) 03/04/2011 (Street) STAMFORD, CT 06902 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 03/04/2011   U   757,595 D $ 6.15 0 I By Plainfield Capital Limited (1) (2) Class A Common Stock 03/04/2011   U   104,298 D $ 6.15 0 I By Plainfield Special Situations Master Fund II Limited (1) (2) Class A Common Stock 03/04/2011   U   64,807 D $ 6.15 0 I By Plainfield OC Master Fund Limited (1) (2)

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

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
PLAINFIELD ASSET MANAGEMENT LLC 333 LUDLOW STREET STAMFORD, CT 06902		X
Plainfield Special Situations Master Fund II Ltd 333 LUDLOW STREET STAMFORD, CT 06902		X
Plainfield Capital Ltd 333 LUDLOW STREET STAMFORD, CT 06902		X
PLAINFIELD SPECIAL SITUATIONS MASTER FUND LTD. 333 LUDLOW STREET STAMFORD, CT 06902		X
Plainfield OC Master Fund Ltd 333 LUDLOW STREET STAMFORD, CT 06902		X
HOLMES MAX 333 LUDLOW STREET STAMFORD, CT 06902		X

Signatures

PLAINFIELD ASSET MANAGMENT LLC By: /s/ Thomas X. Fritsch General Counsel		03/07/2011
**Signature of Reporting Person		Date
PLAINFIELD SPECIAL SITUATIONS MASTER FUND II LIMITED By: /s/ Thomas X. Fritsch Authorized Individual		03/07/2011
**Signature of Reporting Person		Date
PLAINFIELD CAPITAL LIMITED By: /s/ Thomas X. Fritsch Authorized Individual		03/07/2011
**Signature of Reporting Person		Date
PLAINFIELD SPECIAL SITUATIONS MASTER FUND LIMITED By: /s/ Thomas X. Fritsch Authorized Individual		03/07/2011
**Signature of Reporting Person		Date
PLAINFIELD OC MASTER FUND LIMITED By: /s/ Thomas X. Fritsch Authorized Individual		03/07/2011
**Signature of Reporting Person		Date
MAX HOLMES By: /s/ Thomas X. Fritsch Attorney-in-Fact*		03/07/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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 99.1
(2)	See Exhibit 99.1
Remarks: * Duly authorized pursuant to Limited Power of Attorney, dated February 1, 2007, by and on behalf of Max Holmes, appointing Thomas X. Fritsch as his attorney-in-fact, attached as Exhibit 24 to Plainfield Special Situations Master Fund Limited's Form 3 with respect to Playboy Enterprises, Inc., filed on August 16, 2007 and incorporated by reference herein.

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