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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Jhy9AzVxyFS1VZVbj6hpNLl8NcBDJNDvy0B80H7DmYzcEguJbVIR1EeTsAVPNGow
 sy+YewlzrkEtW6+RWG1oGg==

<SEC-DOCUMENT>0001123274-06-000005.txt : 20060519
<SEC-HEADER>0001123274-06-000005.hdr.sgml : 20060519
<ACCEPTANCE-DATETIME>20060519085700
ACCESSION NUMBER:		0001123274-06-000005
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20060519
DATE AS OF CHANGE:		20060519

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CADIZ INC
		CENTRAL INDEX KEY:			0000727273
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				770313235
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-35468
		FILM NUMBER:		06853674

	BUSINESS ADDRESS:	
		STREET 1:		777 SOUTH FIGUEROA STREET
		STREET 2:		SUITE 4250
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017
		BUSINESS PHONE:		213-271-1600

	MAIL ADDRESS:	
		STREET 1:		777 SOUTH FIGUEROA STREET
		STREET 2:		SUITE 4250
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CADIZ LAND CO INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC AGRICULTURAL HOLDINGS INC
		DATE OF NAME CHANGE:	19920602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARIDTECH INC
		DATE OF NAME CHANGE:	19880523

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PICTET & CIE EUROPE SA
		CENTRAL INDEX KEY:			0001123274
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		1 BOULEVARD ROYAL
		STREET 2:		LUXENBOURG
		CITY:			LUXENBOURG L-2016
		STATE:			N4
		ZIP:			999999999

	MAIL ADDRESS:	
		STREET 1:		1 BOULEVARD ROYAL
		STREET 2:		LUXEMBOURG
		CITY:			LUXEMBOURG L-2016
		STATE:			N4

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PICKET & CIE EUROPE SA
		DATE OF NAME CHANGE:	20000905
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>cadiz.txt
<DESCRIPTION>CADIZ INC
<TEXT>
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

				 CADIZ INC
                            -------------------------
                                (Name of Issuer)

                                  COMMON STOCK
                        --------------------------------
                         (Title of Class of Securities)

                                    127537207
                                ----------------
                                 (CUSIP Number)

                                 MAY 11TH, 2006
            ---------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

      Check appropriate box to designate the rule pursuant to which this
Schedule is filed:

   |_|      Rule 13d-1(b)

   |X|      Rule 13d-1(c)

   |_|      Rule 13d-1(d)

The information required on 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).

- - -------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    PICTET FUNDS - WATER
- - -------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |X|
- - -------------------------------------------------------------------------
3   SEC USE ONLY


- - -------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    Luxembourg
- - -------------------------------------------------------------------------
                  5    SOLE VOTING POWER

				614'005
                  ---------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY
   OWNED BY       ---------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         ---------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER


- - -------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    614'005
- - -------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- - -------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    5.42%
- - -------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    INVESTMENT FUND
- - -------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT

Item 1.

      (a)   Name of Issuer: CADIZ INC
      (b)   Address of Issuer's Principal Executive Offices:

            	777 SOUTH FIGUEROA STREET
            	SUITE 4250
		LOS ANGELES, CA 90017
		United States

Item 2.

      (a)   Name of Person Filing:

            PICTET FUNDS - WATER

      (b)   Address of Principal Business Office or, if none, Residence:

            Luxembourg

      (c)   Citizenship: Luxembourg

      (d)   Title of Class Securities: Common Stock

      (e)   CUSIP Number: 010488486
Item 3.

      Not applicable.

Item 4. Ownership

      (a)   Amount Beneficially Owned:

            614'005

      (b)   Percent of Class: 5.42%.

      (c)   Number of shares as to which such person has:

(i) sole power to vote or to direct the vote:



            (ii)  shared power to vote or to direct the vote:

            (iii) sole power to dispose or to direct the disposition of:

            (iv)  shared power to dispose or to direct the disposition of:

Item 5. Ownership of Five Percent or Less of a Class

      Not applicable.

Item 6.

      Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on By the Parent Holding Company

      Not Applicable.

Item 8. Identification and Classification of Members of the Group

      Not applicable.

Item 9. Notice of Dissolution of the Group

      Not applicable.

Item 10. Certification

      By signing below I certify that, to the best if 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.

                                    SIGNATURE

      After reasonable inquire and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                   Date:  18TH MAY, 2006

                                   Patrick SCHOTT   	Tom OLINGER
                                   --------------      	--------------





                                    --------------      -------------

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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