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<SEC-DOCUMENT>0000909450-08-000052.txt : 20080213
<SEC-HEADER>0000909450-08-000052.hdr.sgml : 20080213
<ACCEPTANCE-DATETIME>20080213164249
ACCESSION NUMBER:		0000909450-08-000052
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080213
DATE AS OF CHANGE:		20080213

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERISAFE INC
		CENTRAL INDEX KEY:			0001018979
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				752069407
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81301
		FILM NUMBER:		08605633

	BUSINESS ADDRESS:	
		STREET 1:		2301 HIGHWAY 190 WEST
		CITY:			DERIDDER
		STATE:			LA
		ZIP:			70634
		BUSINESS PHONE:		337-463-9052

	MAIL ADDRESS:	
		STREET 1:		2301 HIGHWAY 190 WEST
		CITY:			DERIDDER
		STATE:			LA
		ZIP:			70634

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRUBER & MCBAINE CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0000909450
		IRS NUMBER:				770210467

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		50 OSGOOD PLACE PENTHOUSE
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		4159811039

	MAIL ADDRESS:	
		STREET 1:		50 OSGOOD PLACE
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRUBER & MCBAINE CAPITAL MANAGEMENT/GRUBER JON D ET AL
		DATE OF NAME CHANGE:	19951108
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>amsf13g123107.htm
<TEXT>
<HTML>
<HEAD>
<META "Content-Type" CONTENT="text/html; charset=windows-1252">
<META NAME="Generator" CONTENT="Microsoft Word 97">
<TITLE>amsf13g123106</TITLE>
</HEAD>
<BODY LINK="#0000ff" VLINK="#800080">

<P ALIGN="RIGHT"><TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" CELLPADDING=1 WIDTH=190 ALIGN="LEFT">
<TR><TD VALIGN="MIDDLE">
<P ALIGN="JUSTIFY"><FONT SIZE=2>OMB APPROVAL</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE">
<FONT SIZE=2><P ALIGN="JUSTIFY">OMB Number: 3235-0145</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE">
<FONT SIZE=2><P ALIGN="JUSTIFY">Expires: January 31, 2008</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" HEIGHT=3>
<FONT SIZE=2><P ALIGN="JUSTIFY">Estimated average burden<BR>
hours per response. . . 11</FONT></TD>
</TR>
</TABLE>
</P>

<P ALIGN="RIGHT"><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><!-- saved from url=(0088)file://J:\Silverback\Clients\GMCM\sec\form%20templates\13G%20No%20Lag%20or%20firefly.htm --></P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<H4 ALIGN="CENTER">&nbsp;</H4>
<H4 ALIGN="CENTER">&nbsp;</H4>
<H4 ALIGN="CENTER">&nbsp;</H4>
<H4 ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</H4>
<H3 ALIGN="CENTER">SCHEDULE 13G</H3>
<H4 ALIGN="CENTER">Under the Securities Exchange Act of 1934<BR>
(Amendment No. ___________)*</H4>
<P><HR></P>
<B><FONT FACE="Arial"><P ALIGN="CENTER">Amerisafe Inc.</P>
</B></FONT><FONT SIZE=2><P ALIGN="CENTER">(Name of Issuer)</P>
</FONT><P><HR></P>
<B><P ALIGN="CENTER">Common Stock</P>
</B><FONT SIZE=2><P ALIGN="CENTER">(Title of Class of Securities)</P>
</FONT><P><HR></P>
<B><FONT SIZE=2><P ALIGN="CENTER">03071H100</P>
</B><P ALIGN="CENTER">(CUSIP Number)</P>
</FONT><P><HR></P>
<B><FONT SIZE=2><P ALIGN="CENTER">December 31, 2007</P>
</B><P ALIGN="CENTER">(Date of Event Which Requires Filing of this Statement)</P>
<P>Check the appropriate box to designate the rule pursuant to which this Schedule is filed: </P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=4 WIDTH=190>
<TR><TD WIDTH="28%" VALIGN="MIDDLE">
<P><FONT SIZE=2>[ x ]</FONT></TD>
<TD WIDTH="72%" VALIGN="MIDDLE">
<FONT SIZE=2><P>Rule 13d-1(b)</FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="MIDDLE">
<FONT SIZE=2><P>[ x ]</FONT></TD>
<TD WIDTH="72%" VALIGN="MIDDLE">
<FONT SIZE=2><P>Rule 13d-1(c)</FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="MIDDLE">
<FONT SIZE=2><P>[ ]</FONT></TD>
<TD WIDTH="72%" VALIGN="MIDDLE">
<FONT SIZE=2><P>Rule 13d-1(d)</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P>*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. </P>
<P>The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). </P></FONT>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=620>
<TR><TD WIDTH="18%" VALIGN="TOP">
<P><FONT SIZE=2>SEC 1745 (01-06)</FONT></TD>
<TD WIDTH="82%" VALIGN="MIDDLE">
<B><FONT SIZE=2><P>Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.</B></FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P>&nbsp;</P>
<P>&nbsp;</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=4 WIDTH=602>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><FONT SIZE=2>CUSIP No. <B>03071H100</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT SIZE=2><P>1.</FONT></TD>
<TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=10>
<FONT SIZE=2><P>Names of Reporting Persons.<BR>
I.R.S. Identification Nos. of above persons (entities only).<BR>
<B>Gruber and McBaine Capital Management, LLC.</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT SIZE=2><P>2. </FONT></TD>
<TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=10>
<FONT SIZE=2><P>Check the Appropriate Box if a Member of a Group (See Instructions)</FONT></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="9%" VALIGN="MIDDLE" COLSPAN=4>
<FONT SIZE=2><P>(a)</FONT></TD>
<TD WIDTH="42%" VALIGN="MIDDLE" COLSPAN=6>
<FONT SIZE=2><P>X</FONT></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="9%" VALIGN="MIDDLE" COLSPAN=4>
<FONT SIZE=2><P>(b)</FONT></TD>
<TD WIDTH="42%" VALIGN="MIDDLE" COLSPAN=6>
<P>&nbsp;</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="MIDDLE">
<FONT SIZE=2><P>3.</FONT></TD>
<TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=10>
<FONT SIZE=2><P>SEC Use Only ............................................................................................................................................</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="MIDDLE">
<FONT SIZE=2><P>4.</FONT></TD>
<TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=10>
<FONT SIZE=2><P>Citizenship or Place of Organization </P>
</FONT><H5>California</H5></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="58%" VALIGN="MIDDLE" COLSPAN=6 ROWSPAN=8>
<FONT SIZE=2><P>Number of<BR>
Shares<BR>
Beneficially<BR>
Owned by<BR>
Each Reporting<BR>
Person With</FONT></TD>
<TD WIDTH="11%" VALIGN="MIDDLE" COLSPAN=5>
<P>&nbsp;</TD>
<TD WIDTH="31%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="MIDDLE" COLSPAN=5>
<FONT SIZE=2><P>5.</FONT></TD>
<TD WIDTH="31%" VALIGN="MIDDLE">
<FONT SIZE=2><P>Sole Voting Power <B>0</B></FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="MIDDLE" COLSPAN=6>
<P><HR></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="MIDDLE" COLSPAN=5>
<FONT SIZE=2><P>6.</FONT></TD>
<TD WIDTH="31%" VALIGN="MIDDLE">
<FONT SIZE=2><P>Shared Voting Power <B>162,988</B></FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="MIDDLE" COLSPAN=6>
<P><HR></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="MIDDLE" COLSPAN=5>
<FONT SIZE=2><P>7.</FONT></TD>
<TD WIDTH="31%" VALIGN="MIDDLE">
<FONT SIZE=2><P>Sole Dispositive Power <B>0</B></FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="MIDDLE" COLSPAN=6>
<P><HR></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="MIDDLE" COLSPAN=5>
<FONT SIZE=2><P>8.</FONT></TD>
<TD WIDTH="31%" VALIGN="MIDDLE">
<FONT SIZE=2><P>Shared Dispositive Power </P>
<B><P>162,988</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="MIDDLE">
<FONT SIZE=2><P>9.</FONT></TD>
<TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=10>
<FONT SIZE=2><P>Aggregate Amount Beneficially Owned by Each Reporting Person <B>162,988</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="MIDDLE">
<FONT SIZE=2><P>10.</FONT></TD>
<TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=10>
<FONT SIZE=2><P>Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="MIDDLE">
<FONT SIZE=2><P>11.</FONT></TD>
<TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=10>
<FONT SIZE=2><P>Percent of Class Represented by Amount in Row (9) <B>0.87%</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="24%" VALIGN="MIDDLE">
<FONT SIZE=2><P>12.</FONT></TD>
<TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=10>
<FONT SIZE=2><P>Type of Reporting Person (See Instructions) <B>IA &amp; OO</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<FONT SIZE=2><P>CUSIP No. <B>03071H100</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>1.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Names of Reporting Persons.<BR>
I.R.S. Identification Nos. of above persons (entities only).<BR>
<B>Jon D. Gruber </B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>2. </FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Check the Appropriate Box if a Member of a Group (See Instructions)</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<FONT SIZE=2><P>(a)</FONT></TD>
<TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<FONT SIZE=2><P>X</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<FONT SIZE=2><P>(b)</FONT></TD>
<TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>3.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>SEC Use Only ............................................................................................................................................</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>4.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Citizenship or Place of Organization </P>
</FONT><H5>United States</H5></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="MIDDLE" COLSPAN=8 ROWSPAN=8>
<FONT SIZE=2><P>Number of<BR>
Shares<BR>
Beneficially<BR>
Owned by<BR>
Each Reporting<BR>
Person With</FONT></TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>5.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Sole Voting Power <B>63,602</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>6.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Shared Voting Power <B>162,988</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>7.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Sole Dispositive Power <B>63,602</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=39>
<FONT SIZE=2><P>8.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=39>
<FONT SIZE=2><P>Shared Dispositive Power <B>162,988</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>9.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Aggregate Amount Beneficially Owned by Each Reporting Person <B>226,590</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>10.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>11.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Percent of Class Represented by Amount in Row (9) <B>1.20%</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>12.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Type of Reporting Person (See Instructions) <B>IN</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<FONT SIZE=2><P>CUSIP No. <B>03071H100</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>1.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Names of Reporting Persons.<BR>
I.R.S. Identification Nos. of above persons (entities only).<BR>
<B>J. Patterson McBaine</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>2. </FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Check the Appropriate Box if a Member of a Group (See Instructions)</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<FONT SIZE=2><P>(a)</FONT></TD>
<TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<FONT SIZE=2><P>X</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<FONT SIZE=2><P>(b)</FONT></TD>
<TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>3.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>SEC Use Only ............................................................................................................................................</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>4.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Citizenship or Place of Organization </P>
</FONT><H5>United States</H5></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="MIDDLE" COLSPAN=8 ROWSPAN=8>
<FONT SIZE=2><P>Number of<BR>
Shares<BR>
Beneficially<BR>
Owned by<BR>
Each Reporting<BR>
Person With</FONT></TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>5.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Sole Voting Power <B>5,040</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>6.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Shared Voting Power <B>162,988</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>7.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Sole Dispositive Power <B>5,040</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>8.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Shared Dispositive Power <B>162,988</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>9.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Aggregate Amount Beneficially Owned by Each Reporting Person <B>168,028</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>10.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>11.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Percent of Class Represented by Amount in Row (9) <B>0.89%</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>12.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Type of Reporting Person (See Instructions) <B>IN</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<FONT SIZE=2><P>CUSIP No. <B>03071H100</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>1.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Names of Reporting Persons.<BR>
I.R.S. Identification Nos. of above persons (entities only).<BR>
<B>Eric B. Swergold</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>2. </FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Check the Appropriate Box if a Member of a Group (See Instructions)</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<FONT SIZE=2><P>(a)</FONT></TD>
<TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<FONT SIZE=2><P>X</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<FONT SIZE=2><P>(b)</FONT></TD>
<TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>3.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>SEC Use Only ............................................................................................................................................</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>4.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Citizenship or Place of Organization </P>
</FONT><H5>United States</H5></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="MIDDLE" COLSPAN=8 ROWSPAN=8>
<FONT SIZE=2><P>Number of<BR>
Shares<BR>
Beneficially<BR>
Owned by<BR>
Each Reporting<BR>
Person With</FONT></TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>5.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Sole Voting Power <B>2,600</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>6.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Shared Voting Power <B>162,988</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>7.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Sole Dispositive Power <B>2,600</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="MIDDLE" COLSPAN=4>
<P><HR></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>8.</FONT></TD>
<TD WIDTH="33%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Shared Dispositive Power <B>162,988</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>9.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Aggregate Amount Beneficially Owned by Each Reporting Person <B>165,588</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>10.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................</FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>11.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Percent of Class Represented by Amount in Row (9) <B>0.88%</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=3>
<P>&nbsp;</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>12.</FONT></TD>
<TD WIDTH="44%" VALIGN="MIDDLE" COLSPAN=7>
<FONT SIZE=2><P>Type of Reporting Person (See Instructions) <B>IN</B></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P><HR></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<B><P>Item 1.</B></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(a)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5>
<P>Name of Issuer: </P>
<B><FONT FACE="Arial"><P>Amerisafe Inc.</B></FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(b)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5>
<P>Address of Issuer's Principal Executive Offices:</P>
<B><P>2301 Highway 190 West, DeRidder, Louisiana 70634</B></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<B><P>Item 2.</B></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(a)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5>
<P>Name of Person Filing: </P>
<B><P>Gruber &amp; McBaine Capital Management, LLC ("GMCM")</P>
<P>Jon D. Gruber ("Gruber")</P>
<P>J. Patterson McBaine ("McBaine")</P>
<P>Eric Swergold ("Swergold")</B></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(b)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5>
<P>Address of Principal Business Office or, if none, Residence:</P>
<H4>50 Osgood Place, Penthouse, San Francisco, CA 94133</H4></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(c)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5>
<P>Citizenship: See item 4 of cover sheet.</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(d)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5>
<P>Title of Class of Securities: <B>Common Stock</B></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(e)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5>
<P>CUSIP Number: <B>03071H100</B></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" COLSPAN=4>
<B><P>Item 3.</B></TD>
<TD WIDTH="47%" VALIGN="MIDDLE" COLSPAN=8>
<B><P>If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:</B></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(a)</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>[ ]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(b)</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>[ ]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(c)</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>[ ]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=3>
<P>(d)</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<P>[ ]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=3>
<P>(e)</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<P>[x]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=3>
<P>(f)</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<P>[ ]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=3>
<P>(g)</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<P>[x]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); </TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=3>
<P>(h)</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<P>[ ]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=3>
<P>(i)</TD>
<TD WIDTH="4%" VALIGN="TOP" COLSPAN=2>
<P>[]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="MIDDLE" COLSPAN=3>
<P>(j)</TD>
<TD WIDTH="4%" VALIGN="MIDDLE" COLSPAN=2>
<P>[x]</TD>
<TD WIDTH="35%" VALIGN="MIDDLE" COLSPAN=3>
<P>Group, in accordance with 240.13d-1(b)(1)(ii)(J).</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<B><P>Item 4.</B></TD>
<TD WIDTH="47%" VALIGN="MIDDLE" COLSPAN=8>
<B><P>Ownership.</B></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>See Items 5-9 and 11 of the cover page for each Filer.</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<B><P>Item 5.</B></TD>
<TD WIDTH="47%" VALIGN="MIDDLE" COLSPAN=8>
<B><P>Ownership of Five Percent or Less of a Class</B></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [x]. </TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<B><P>Item 6.</B></TD>
<TD WIDTH="47%" VALIGN="MIDDLE" COLSPAN=8>
<B><P>Ownership of More than Five Percent on Behalf of Another Person.</B></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>GMCM is a registered investment advisor whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Stock. Gruber &amp; McBaine are the Managers, controlling persons and portfolio managers of GMCM. No individual clients holdings of the Stock are more than five percent of the outstanding Stock. Lagunitas is an investment limited partnerships of which GMCM is the general partner.</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" COLSPAN=4>
<B><P>Item 7.</B></TD>
<TD WIDTH="47%" VALIGN="MIDDLE" COLSPAN=8>
<B><P>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.</B></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>Not Applicable</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<B><P>Item 8.</B></TD>
<TD WIDTH="47%" VALIGN="MIDDLE" COLSPAN=8>
<B><P>Identification and Classification of Members of the Group</B></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>GMCM, Gruber, McBaine and Swergold constitute a group within the meaning of Rule 13d-5(b). Lagunitas is not a member of any group and disclaims beneficial ownership of the securities with respect to its ownership is reposited.</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<B><P>Item 9.</B></TD>
<TD WIDTH="47%" VALIGN="MIDDLE" COLSPAN=8>
<B><P>Notice of Dissolution of Group</B></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>Not Applicable</TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=12>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<B><P>Item 10.</B></TD>
<TD WIDTH="47%" VALIGN="MIDDLE" COLSPAN=8>
<B><P>Certification</B></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4 HEIGHT=78><P></P></TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=3 HEIGHT=78>
<P>(a)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5 HEIGHT=78>
<P>The following certification shall be included with respect to GMCM, Gruber and McBaine:</P>
<BLOCKQUOTE>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</BLOCKQUOTE></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="MIDDLE" COLSPAN=4>
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=3>
<P>(b)</TD>
<TD WIDTH="40%" VALIGN="MIDDLE" COLSPAN=5>
<P>The following certification shall be included with respect to Swergold:</P>
<BLOCKQUOTE>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</BLOCKQUOTE></TD>
</TR>
</TABLE>

<H3 ALIGN="CENTER">SIGNATURE</H3>
<P>After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. </P>
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<TR><TD VALIGN="MIDDLE">
<P>Dated: February 13, 2008</P>
<P>Gruber &amp; McBaine Capital Management, LLC</P>
<P>By: /s/ J. Patterson McBaine</P>
<P>Title: Manager </TD>
</TR>
<TR><TD VALIGN="MIDDLE">
<P>&nbsp;</TD>
</TR>
</TABLE>

<P>&nbsp;</P>
<P>/s/ Jon D. Gruber</P>
<P>Jon D. Gruber</P>
<P>/s/ J. Patterson McBaine</P>
<P>J. Patterson McBaine</P>
<P>/s/ Eric B. Swergold</P>
<P>Eric B. Swergold</P>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=620>
<TR><TD WIDTH="11%" VALIGN="TOP">
<P><B>Attention:</B></TD>
<TD WIDTH="89%" VALIGN="MIDDLE">
<B><P>Intentional misstatements or omissions of fact constitute Federal criminal violations <BR>
(See 18 U.S.C. 1001)</B></TD>
</TR>
</TABLE>

<P>&nbsp;</P>
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