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

                                    Form 13F

                               Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: September 30, 2006
                                               ---------------------------

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:       Piper Jaffray Companies
            ------------------------------------------
Address:    800 Nicollet Mall
            ------------------------------------------
            Suite 800
            ------------------------------------------
            Minneapolis, MN 55402-7020
            ------------------------------------------


 Form 13F File Number: 28-10776
                          -------------

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:     Greg Meyer
          --------------------------------------------
Title:    Controller
          --------------------------------------------
Phone:    612-303-6000
          --------------------------------------------

Signature, Place, and Date of Signing:

/s/ Greg Meyer                  Minneapolis, MN                 11/14/06
---------------------  --------------------------------------   -------------
[Signature]                      [City, State]                      [Date]

Report Type (Check only one.):

[X]       13F HOLDINGS REPORT. (Check here if all holdings of this reporting
          manager are reported in this report.)

[ ]       13F NOTICE. (Check here if no holdings reported are in this report,
          and all holdings are reported by other reporting manager(s).)

[ ]       13F COMBINATION REPORT. (Check here if a portion of the holdings for
          this reporting manager are reported in this report and a portion are
          reported by other reporting manager(s).)




                                    FORM 13F
                                  SUMMARY PAGE


Report Summary:


Number of Other Included Managers:                         0
                                              -----------------------

Form 13F Information Table Entry Total:                  240
                                              -----------------------

Form 13F Information Table Value Total:      $        59,354
                                              -----------------------
                                                    (thousands)

CONFIDENTIAL TREATMENT REQUESTED: the information for which Piper Jaffray
Companies is requesting confidential treatment has been omitted and filed
separately with the Commission.

List of Other Included Managers:


Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report. NONE






COLUMN 1                     COLUMN 2          COLUMN 3 COLUMN 4      COLUMN 5       COLUMN 6  COLUMN 7         COLUMN 8
--------------------------------------------------------------------------------------------------------------------------------
NAME OF                      TITLE OF                     VALUE   SHRS OR  SH/ PUT/ INVESTMENT   OTHER
ISSUER                       CLASS              CUSIP   (X$1000)  PRN AMT  PRN CALL DISCRETION MANAGERS    SOLE   SHARED   NONE
--------------------------------------------------------------------------------------------------------------------------------
                                                                                        
ABBOTT LABS                  COM              002824100       10       200 SH       SOLE                      200      0       0
ABERCROMBIE & FITCH CO       CL A             002896207       42       600 SH       SOLE                      600      0       0
ACORDA THERAPEUTICS INC      COM              00484M106        2       270 SH       SOLE                      270      0       0
ACTIVISION INC NEW           COM NEW          004930202        1        37 SH       SOLE                       37      0       0
ACUITY BRANDS INC            COM              00508Y102        5       100 SH       SOLE                      100      0       0
ADAMS RESPIRATORY THERAPEUTI COM              00635P107        8       227 SH       SOLE                      227      0       0
ADOBE SYS INC                COM              00724F101        4       110 SH       SOLE                      110      0       0
ADVANCED MEDICAL OPTICS INC  NOTE 2.500% 7/1  00763MAG3    3,101 3,000,000 PRN      SOLE                3,000,000      0       0
AFFYMETRIX INC               COM              00826T108        7       319 SH       SOLE                      319      0       0
AGCO CORP                    COM              001084102        3       100 SH       SOLE                      100      0       0
ALEXION PHARMACEUTICALS INC  NOTE 1.375% 2/0  015351AF6    4,955 3,940,000 PRN      SOLE                3,940,000      0       0
ALEXZA PHARMACEUTICALS INC   COM              015384100        4       545 SH       SOLE                      545      0       0
ALNYLAM PHARMACEUTICALS INC  COM              02043Q107        1        50 SH       SOLE                       50      0       0
AMERICAN EAGLE OUTFITTERS NE COM              02553E106        4        84 SH       SOLE                       84      0       0
AMERICAN ELEC PWR INC        COM              025537101       73     2,000 SH       SOLE                    2,000      0       0
AMERICAN GREETINGS CORP      CL A             026375105      116     5,000 SH       SOLE                    5,000      0       0
AMERICAN MED SYS HLDGS INC   NOTE 3.250% 7/0  02744MAA6    5,992 5,132,000 PRN      SOLE                5,132,000      0       0
AMERUS GROUP CO              COM              03072M108       14       200 SH       SOLE                      200      0       0
AMGEN INC                    COM              031162100      644     9,000 SH       SOLE                    9,000      0       0
AMGEN INC                    COM              031162100    2,146    30,000 SH   PUT SOLE                   30,000      0       0
ANADYS PHARMACEUTICALS INC   COM              03252Q408        2       814 SH       SOLE                      814      0       0
ANDRX CORP DEL               ANDRX GROUP      034553107        4       150 SH       SOLE                      150      0       0
ANTHRACITE CAP INC           COM              037023108       31     2,400 SH       SOLE                    2,400      0       0
ANWORTH MORTGAGE ASSET CP    COM              037347101        2       200 SH       SOLE                      200      0       0
APPLIED INDL TECHNOLOGIES IN COM              03820C105        5       200 SH       SOLE                      200      0       0
ARRAY BIOPHARMA INC          COM              04269X105        1        77 SH       SOLE                       77      0       0
ASSOCIATED BANC CORP         COM              045487105       12       363 SH       SOLE                      363      0       0
ATHEROGENICS INC             COM              047439104        2       133 SH       SOLE                      133      0       0
AURORA OIL & GAS CORP        COM              052036100       19     6,300 SH       SOLE                    6,300      0       0
AUTODESK INC                 COM              052769106       10       300 SH       SOLE                      300      0       0
AUTODESK INC                 COM              052769106      696    20,000 SH   PUT SOLE                   20,000      0       0
AUXILIUM PHARMACEUTICALS INC COM              05334D107        7       700 SH       SOLE                      700      0       0
AVID TECHNOLOGY INC          COM              05367P100        1        23 SH       SOLE                       23      0       0
AVISTA CORP                  COM              05379B107        5       200 SH       SOLE                      200      0       0
BEA SYS INC                  COM              073325102        3       200 SH       SOLE                      200      0       0
BELO CORP                    COM SER A        080555105        3       200 SH       SOLE                      200      0       0
BEST BUY INC                 SDCV 2.250% 1/1  086516AF8      484   400,000 PRN      SOLE                  400,000      0       0
BEST BUY INC                 COM              086516101    1,607    30,000 SH   PUT SOLE                   30,000      0       0
BIOMARIN PHARMACEUTICAL INC  COM              09061G101        4       260 SH       SOLE                      260      0       0
BIOMARIN PHARMACEUTICAL INC  NOTE 2.500% 3/2  09061GAC5    4,820 4,397,000 PRN      SOLE                4,397,000      0       0
BOSTON SCIENTIFIC CORP       COM              101137107       10       700 SH       SOLE                      700      0       0
BUCA INC                     COM              117769109        1       195 SH       SOLE                      195      0       0
BUSINESS OBJECTS S A         SPONSORED ADR    12328X107       17       513 SH       SOLE                      513      0       0
CACHE INC                    COM NEW          127150308        2       100 SH       SOLE                      100      0       0
CALIPER LIFE SCIENCES INC    COM              130872104        1       267 SH       SOLE                      267      0       0
CANDELA CORP                 COM              136907102        1        89 SH       SOLE                       89      0       0
CBEYOND INC                  COM              149847105       12       436 SH       SOLE                      436      0       0
CELGENE CORP                 COM              151020104       11       243 SH       SOLE                      243      0       0
CELL GENESYS INC             COM              150921104        2       341 SH       SOLE                      341      0       0
CEPHALON INC                 COM              156708109        6        98 SH       SOLE                       98      0       0
CHEESECAKE FACTORY INC       COM              163072101        3       121 SH       SOLE                      121      0       0
CHESAPEAKE ENERGY CORP       COM              165167107       26       900 SH       SOLE                      900      0       0
CHEVRON CORP NEW             COM              166764100      259     4,000 SH       SOLE                    4,000      0       0
CHIPOTLE MEXICAN GRILL INC   CL A             169656105      104     2,100 SH       SOLE                    2,100      0       0
CIRRUS LOGIC INC             COM              172755100       42     5,700 SH       SOLE                    5,700      0       0
CITI TRENDS INC              COM              17306X102        3       100 SH       SOLE                      100      0       0
CLARCOR INC                  COM              179895107        2        64 SH       SOLE                        0      0      64
CMS ENERGY CORP              COM              125896100       52     3,600 SH       SOLE                    3,600      0       0
CNET NETWORKS INC            COM              12613R104      191    20,000 SH  CALL SOLE                   20,000      0       0
COCA COLA ENTERPRISES INC    COM              191219104       62     3,000 SH       SOLE                    3,000      0       0
COHERENT INC                 COM              192479103      347    10,000 SH   PUT SOLE                   10,000      0       0
COHERENT INC                 COM              192479103      347    10,000 SH  CALL SOLE                   10,000      0       0
COLONIAL BANCGROUP INC       COM              195493309       10       400 SH       SOLE                      400      0       0
COMPASS BANCSHARES INC       COM              20449H109        8       144 SH       SOLE                      144      0       0
COMVERSE TECHNOLOGY INC      COM PAR $0.10    205862402       86     4,000 SH       SOLE                    4,000      0       0
COMVERSE TECHNOLOGY INC      COM PAR $0.10    205862402      429    20,000 SH   PUT SOLE                   20,000      0       0
CONOCOPHILLIPS               COM              20825C104      321     5,400 SH       SOLE                    5,400      0       0
CONTINENTAL AIRLS INC        CL B             210795308        3       100 SH       SOLE                      100      0       0
CRAWFORD & CO                CL B             224633107        1       200 SH       SOLE                      200      0       0
CREDIT ACCEP CORP MICH       COM              225310101       47     1,600 SH       SOLE                    1,600      0       0
CROWN HOLDINGS INC           COM              228368106       89     4,800 SH       SOLE                    4,800      0       0
CTS CORP                     COM              126501105        3       200 SH       SOLE                      200      0       0
CV THERAPEUTICS INC          COM              126667104      380    34,100 SH       SOLE                   34,100      0       0
CYTYC CORP                   COM              232946103      220     9,000 SH   PUT SOLE                    9,000      0       0
CYTYC CORP                   NOTE 2.250% 3/1  232946AB9    1,446 1,439,000 PRN      SOLE                1,439,000      0       0
DECODE GENETICS INC          COM              243586104        1       226 SH       SOLE                      226      0       0
DEXCOM INC                   COM              252131107        5       467 SH       SOLE                      467      0       0
DIGENE CORP                  COM              253752109        7       173 SH       SOLE                      173      0       0






COLUMN 1                     COLUMN 2          COLUMN 3 COLUMN 4      COLUMN 5       COLUMN 6  COLUMN 7         COLUMN 8
--------------------------------------------------------------------------------------------------------------------------------
NAME OF                      TITLE OF                     VALUE   SHRS OR  SH/ PUT/ INVESTMENT   OTHER
ISSUER                       CLASS              CUSIP   (X$1000)  PRN AMT  PRN CALL DISCRETION MANAGERS    SOLE   SHARED   NONE
--------------------------------------------------------------------------------------------------------------------------------
                                                                                        
DOVER DOWNS GAMING & ENTMT I COM              260095104        2       200 SH       SOLE                      200      0       0
DUKE ENERGY CORP NEW         COM              26441C105      145     4,800 SH       SOLE                    4,800      0       0
DYNAVAX TECHNOLOGIES CORP    COM              268158102        1       163 SH       SOLE                      163      0       0
EAGLE TEST SYS INC           COM              270006109        3       200 SH       SOLE                      200      0       0
EDISON INTL                  COM              281020107      187     4,500 SH       SOLE                    4,500      0       0
EDWARDS LIFESCIENCES CORP    DBCV 3.875% 5/1  28176EAB4    3,056 3,000,000 PRN      SOLE                3,000,000      0       0
EL PASO ELEC CO              COM NEW          283677854        2       100 SH       SOLE                      100      0       0
EMCOR GROUP INC              COM              29084Q100        5       100 SH       SOLE                      100      0       0
ENDO PHARMACEUTICALS HLDGS I COM              29264F205        3       101 SH       SOLE                      101      0       0
EOG RES INC                  COM              26875P101       59       900 SH       SOLE                      900      0       0
EQUITY LIFESTYLE PPTYS INC   COM              29472R108        5       100 SH       SOLE                      100      0       0
EV3 INC                      COM              26928A200      200    11,781 SH       SOLE                   11,781      0       0
EXACT SCIENCES CORP          COM              30063P105        1       250 SH       SOLE                      250      0       0
EXELIXIS INC                 COM              30161Q104        2       282 SH       SOLE                      282      0       0
FAIR ISAAC CORP              NOTE 1.500% 8/1  303250AD6    3,782 3,712,000 PRN      SOLE                3,712,000      0       0
FASTENAL CO                  COM              311900104        2        62 SH       SOLE                       62      0       0
FBL FINL GROUP INC           CL A             30239F106        3       100 SH       SOLE                      100      0       0
FEDERAL AGRIC MTG CORP       CL C             313148306        3       100 SH       SOLE                      100      0       0
FINANCIAL FED CORP           COM              317492106        3       100 SH       SOLE                      100      0       0
FPL GROUP INC                COM              302571104        9       200 SH       SOLE                      200      0       0
GENENTECH INC                COM NEW          368710406       17       200 SH       SOLE                      200      0       0
GEN-PROBE INC NEW            COM              36866T103        6       131 SH       SOLE                      131      0       0
GENTIVA HEALTH SERVICES INC  COM              37247A102        2       100 SH       SOLE                      100      0       0
GEO GROUP INC                COM              36159R103        4       100 SH       SOLE                      100      0       0
GOLF GALAXY INC              COM              381639103        2       170 SH       SOLE                      170      0       0
GRANITE CITY FOOD & BREWERY  COM              38724Q107        4       973 SH       SOLE                      973      0       0
GRAPHIC PACKAGING CORP DEL   COM              388688103        1       200 SH       SOLE                      200      0       0
GREATER BAY BANCORP          COM              391648102        6       200 SH       SOLE                      200      0       0
HARVEST NATURAL RESOURCES IN COM              41754V103        2       200 SH       SOLE                      200      0       0
HNI CORP                     COM              404251100        4       100 SH       SOLE                      100      0       0
HOKU SCIENTIFIC INC          COM              434712105        2       537 SH       SOLE                      537      0       0
HOME BANCSHARES INC          COM              436893200       15       685 SH       SOLE                      685      0       0
HOME PROPERTIES INC          COM              437306103        6       100 SH       SOLE                      100      0       0
HORACE MANN EDUCATORS CORP N COM              440327104        6       300 SH       SOLE                      300      0       0
HSBC HLDGS PLC               ADR A 1/40PF A   404280604      250    10,000 SH       SOLE                   10,000      0       0
HUDSON CITY BANCORP          COM              443683107        1       100 SH       SOLE                      100      0       0
HUMAN GENOME SCIENCES INC    COM              444903108        2       189 SH       SOLE                      189      0       0
HYTHIAM INC                  COM              44919F104        1       100 SH       SOLE                      100      0       0
ICOS CORP                    COM              449295104        3       104 SH       SOLE                      104      0       0
IDENIX PHARMACEUTICALS INC   COM              45166R204        2       200 SH       SOLE                      200      0       0
ILLUMINA INC                 COM              452327109       22       679 SH       SOLE                      679      0       0
INCYTE CORP                  COM              45337C102        1       126 SH       SOLE                      126      0       0
INGERSOLL-RAND COMPANY LTD   CL A             G4776G101       38     1,000 SH       SOLE                    1,000      0       0
INNKEEPERS USA TR            COM              4576J0104        5       300 SH       SOLE                      300      0       0
INTEGRATED DEVICE TECHNOLOGY COM              458118106        2       135 SH       SOLE                      135      0       0
INTEL CORP                   SDCV 2.950%12/1  458140AD2      358   400,000 PRN      SOLE                  400,000      0       0
INTERMUNE INC                COM              45884X103        1        83 SH       SOLE                       83      0       0
INVESTORS FINL SERVICES CORP COM              461915100        2        54 SH       SOLE                       54      0       0
KAYDON CORP                  NOTE 4.000% 5/2  486587AB4    3,328 2,500,000 PRN      SOLE                2,500,000      0       0
KERYX BIOPHARMACEUTICALS INC COM              492515101        2       211 SH       SOLE                      211      0       0
KOMAG INC                    NOTE 2.000% 2/0  500453AE5    1,894 1,500,000 PRN      SOLE                1,500,000      0       0
LAKELAND BANCORP INC         COM              511637100        1       100 SH       SOLE                      100      0       0
LAM RESEARCH CORP            COM              512807108        3        70 SH       SOLE                       70      0       0
LAMAR ADVERTISING CO         CL A             512815101      230     4,300 SH       SOLE                    4,300      0       0
LATTICE SEMICONDUCTOR CORP   COM              518415104        1       100 SH       SOLE                      100      0       0
LEXINGTON CORP PPTYS TR      COM              529043101        4       200 SH       SOLE                      200      0       0
LUMINEX CORP DEL             COM              55027E102       20     1,100 SH       SOLE                    1,100      0       0
MAGELLAN HEALTH SVCS INC     COM NEW          559079207        9       200 SH       SOLE                      200      0       0
MANNKIND CORP                COM              56400P201        6       290 SH       SOLE                      290      0       0
MANOR CARE INC NEW           COM              564055101        5       100 SH       SOLE                      100      0       0
MARINER ENERGY INC           COM              56845T305        4       200 SH       SOLE                      200      0       0
MARTEK BIOSCIENCES CORP      COM              572901106        2       104 SH       SOLE                      104      0       0
MARVELL TECHNOLOGY GROUP LTD ORD              G5876H105        2       100 SH       SOLE                      100      0       0
MCKESSON CORP                COM              58155Q103       74     1,400 SH       SOLE                    1,400      0       0
MEDAREX INC                  COM              583916101        1       128 SH       SOLE                      128      0       0
MEDICAL PPTYS TRUST INC      COM              58463J304       88     6,600 SH       SOLE                    6,600      0       0
MEDICINES CO                 COM              584688105       10       452 SH       SOLE                      452      0       0
MEDIMMUNE INC                COM              584699102       23       800 SH       SOLE                      800      0       0
MEDTRONIC INC                COM              585055106        5       100 SH       SOLE                      100      0       0
MGI PHARMA INC               COM              552880106        4       251 SH       SOLE                      251      0       0
MICROSEMI CORP               COM              595137100        2       100 SH       SOLE                      100      0       0
MODINE MFG CO                COM              607828100        5       200 SH       SOLE                      200      0       0
MOLECULAR DEVICES CORP       COM              60851C107       11       600 SH       SOLE                      600      0       0
MONARCH CASINO & RESORT INC  COM              609027107        6       300 SH       SOLE                      300      0       0
MWI VETERINARY SUPPLY INC    COM              55402X105       14       409 SH       SOLE                      409      0       0
MYOGEN INC                   COM              62856E104        4       116 SH       SOLE                      116      0       0
MYRIAD GENETICS INC          COM              62855J104       11       426 SH       SOLE                      426      0       0
NEENAH PAPER INC             COM              640079109        3       100 SH       SOLE                      100      0       0
NEUROCRINE BIOSCIENCES INC   COM              64125C109        1        86 SH       SOLE                       86      0       0
NEW ORIENTAL ED & TECH GRP I SPON ADR         647581107       12       500 SH       SOLE                      500      0       0
NEW YORK TIMES CO            CL A             650111107        2       100 SH       SOLE                      100      0       0
NEWKIRK REALTY TR INC        COM              651497109       59     3,600 SH       SOLE                    3,600      0       0




COLUMN 1                     COLUMN 2          COLUMN 3 COLUMN 4      COLUMN 5       COLUMN 6  COLUMN 7         COLUMN 8
--------------------------------------------------------------------------------------------------------------------------------
NAME OF                      TITLE OF                     VALUE   SHRS OR  SH/ PUT/ INVESTMENT   OTHER
ISSUER                       CLASS              CUSIP   (X$1000)  PRN AMT  PRN CALL DISCRETION MANAGERS    SOLE   SHARED   NONE
--------------------------------------------------------------------------------------------------------------------------------
                                                                                        
NEWS CORP                    CL A             65248E104      114     5,800 SH       SOLE                    5,800      0       0
NICOR INC                    COM              654086107        9       200 SH       SOLE                      200      0       0
O REILLY AUTOMOTIVE INC      COM              686091109        3       100 SH       SOLE                      100      0       0
O2MICRO INTERNATIONAL LTD    SPONS ADR        67107W100      139    20,150 SH       SOLE                   20,150      0       0
OMNIVISION TECHNOLOGIES INC  COM              682128103       30     2,100 SH       SOLE                    2,100      0       0
ON SEMICONDUCTOR CORP        COM              682189105        1       100 SH       SOLE                      100      0       0
ORACLE CORP                  COM              68389X105        4       200 SH       SOLE                      200      0       0
OSIRIS THERAPEUTICS INC      COM              68827R108        2       175 SH       SOLE                      175      0       0
PACIFIC SUNWEAR CALIF INC    COM              694873100        2       100 SH       SOLE                      100      0       0
PAIN THERAPEUTICS INC        COM              69562K100        2       207 SH       SOLE                      207      0       0
PANACOS PHARMACEUTICALS INC  COM              69811Q106        2       400 SH       SOLE                      400      0       0
PARK ELECTROCHEMICAL CORP    COM              700416209        3       100 SH       SOLE                      100      0       0
PER-SE TECHNOLOGIES INC      COM NEW          713569309        2       100 SH       SOLE                      100      0       0
PHARMACEUTICAL PROD DEV INC  COM              717124101        9       240 SH       SOLE                      240      0       0
PINNACLE WEST CAP CORP       COM              723484101       14       300 SH       SOLE                      300      0       0
PIONEER DRILLING CO          COM              723655106       58     4,500 SH       SOLE                    4,500      0       0
PIONEER DRILLING CO          COM              723655106      128    10,000 SH   PUT SOLE                   10,000      0       0
PLAYTEX PRODS INC            COM              72813P100        4       300 SH       SOLE                      300      0       0
POINT THERAPEUTICS INC       COM              730694106        1       800 SH       SOLE                      800      0       0
POWERWAVE TECHNOLOGIES INC   NOTE 1.250% 7/1  739363AB5    2,484 2,500,000 PRN      SOLE                2,500,000      0       0
POWERWAVE TECHNOLOGIES INC   NOTE 1.875%11/1  739363AD1    6,733 6,950,000 PRN      SOLE                6,950,000      0       0
POZEN INC                    COM              73941U102        3       249 SH       SOLE                      249      0       0
PROGENICS PHARMACEUTICALS IN COM              743187106       10       413 SH       SOLE                      413      0       0
PS BUSINESS PKS INC CALIF    COM              69360J107        6       100 SH       SOLE                      100      0       0
PSYCHIATRIC SOLUTIONS INC    COM              74439H108       34     1,000 SH       SOLE                    1,000      0       0
PUGET ENERGY INC NEW         COM              745310102        5       200 SH       SOLE                      200      0       0
READERS DIGEST ASSN INC      COM              755267101        1       100 SH       SOLE                      100      0       0
REALNETWORKS INC             COM              75605L104       10       950 SH       SOLE                      950      0       0
RED HAT INC                  COM              756577102      234    11,100 SH       SOLE                   11,100      0       0
RED HAT INC                  COM              756577102      422    20,000 SH  CALL SOLE                   20,000      0       0
RETAIL HOLDRS TR             DEP RCPT         76127U101        4        39 SH       SOLE                       39      0       0
RETAIL VENTURES INC          COM              76128Y102        3       200 SH       SOLE                      200      0       0
RIGEL PHARMACEUTICALS INC    COM NEW          766559603        1       104 SH       SOLE                      104      0       0
ROYAL BK SCOTLAND GROUP PLC  SP ADR L RP PF   780097788        7       280 SH       SOLE                      280      0       0
ROYAL BK SCOTLAND GROUP PLC  ADR PREF SER N   780097770       78     3,100 SH       SOLE                    3,100      0       0
SAVIENT PHARMACEUTICALS INC  COM              80517Q100       65    10,000 SH       SOLE                   10,000      0       0
SENSIENT TECHNOLOGIES CORP   COM              81725T100        4       200 SH       SOLE                      200      0       0
SEPRACOR INC                 COM              817315104        3        56 SH       SOLE                       56      0       0
SIERRA WIRELESS INC          COM              826516106        2       204 SH       SOLE                      204      0       0
SPARTECH CORP                COM NEW          847220209        3       100 SH       SOLE                      100      0       0
SPHERION CORP                COM              848420105        4       500 SH       SOLE                      500      0       0
STANDARD REGISTER CO         COM              853887107        1       100 SH       SOLE                      100      0       0
STARWOOD HOTELS&RESORTS WRLD COM              85590A401       74     1,300 SH       SOLE                    1,300      0       0
STATE AUTO FINL CORP         COM              855707105       26       855 SH       SOLE                      855      0       0
STEWART ENTERPRISES INC      CL A             860370105        1       100 SH       SOLE                      100      0       0
SUN MICROSYSTEMS INC         COM              866810104       36     7,370 SH       SOLE                    7,370      0       0
SYCAMORE NETWORKS INC        COM              871206108        5     1,362 SH       SOLE                    1,362      0       0
TAKE-TWO INTERACTIVE SOFTWAR COM              874054109        1        44 SH       SOLE                       44      0       0
TANOX INC                    COM              87588Q109        2       142 SH       SOLE                      142      0       0
TARO PHARMACEUTICAL INDS LTD SHS A            M8737E108        3       223 SH       SOLE                      223      0       0
TECHNE CORP                  COM              878377100        3        63 SH       SOLE                       63      0       0
TELIK INC                    COM              87959M109        4       209 SH       SOLE                      209      0       0
TEMPUR PEDIC INTL INC        COM              88023U101      859    50,000 SH       SOLE                   50,000      0       0
TEXAS CAPITAL BANCSHARES INC COM              88224Q107        3       180 SH       SOLE                      180      0       0
THESTREET COM                COM              88368Q103       32     3,000 SH       SOLE                    3,000      0       0
THQ INC                      COM NEW          872443403        2        65 SH       SOLE                       65      0       0
TIBCO SOFTWARE INC           COM              88632Q103       56     6,182 SH       SOLE                    6,182      0       0
TIDEWATER INC                COM              886423102       27       600 SH       SOLE                      600      0       0
TOWER GROUP INC              COM              891777104      138     4,150 SH       SOLE                    4,150      0       0
TOWN SPORTS INTL HLDGS INC   COM              89214A102        1       100 SH       SOLE                      100      0       0
TRIAD GTY INC                COM              895925105        8       152 SH       SOLE                      152      0       0
TRIZETTO GROUP INC           COM              896882107        2       100 SH       SOLE                      100      0       0
UMPQUA HLDGS CORP            COM              904214103        3       100 SH       SOLE                      100      0       0
UNITED INDL CORP             COM              910671106       16       300 SH       SOLE                      300      0       0
VALUECLICK INC               COM              92046N102       45     2,430 SH       SOLE                    2,430      0       0
VECTREN CORP                 COM              92240G101        3       100 SH       SOLE                      100      0       0
VERIZON COMMUNICATIONS       COM              92343V104    1,537    41,400 SH       SOLE                   41,400      0       0
VICAL INC                    COM              925602104        1       100 SH       SOLE                      100      0       0
VIROPHARMA INC               COM              928241108        2       184 SH       SOLE                      184      0       0
VOLCANO CORPORATION          COM              928645100       59     5,134 SH       SOLE                    5,134      0       0
WARNACO GROUP INC            COM NEW          934390402        2       100 SH       SOLE                      100      0       0
WATSON PHARMACEUTICALS INC   COM              942683103       39     1,500 SH       SOLE                    1,500      0       0
WEBMD CORP                   NOTE 3.125% 9/0  94769MAG0    1,074 1,075,000 PRN      SOLE                1,075,000      0       0
WEBSITE PROS INC             COM              94769V105        1        56 SH       SOLE                       56      0       0
WELLCARE HEALTH PLANS INC    COM              94946T106        5        90 SH       SOLE                       90      0       0
WILD OATS MARKETS INC        COM              96808B107        2       100 SH       SOLE                      100      0       0
WILEY JOHN & SONS INC        CL A             968223206        7       200 SH       SOLE                      200      0       0
XENOPORT INC                 COM              98411C100        2        85 SH       SOLE                       85      0       0
XTO ENERGY INC               COM              98385X106      295     7,000 SH       SOLE                    7,000      0       0
XTO ENERGY INC               COM              98385X106      843    20,000 SH   PUT SOLE                   20,000      0       0