<SEC-DOCUMENT>0000818972-12-000010.txt : 20120823
<SEC-HEADER>0000818972-12-000010.hdr.sgml : 20120823
<ACCEPTANCE-DATETIME>20120823095415
ACCESSION NUMBER:		0000818972-12-000010
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120630
FILED AS OF DATE:		20120823
DATE AS OF CHANGE:		20120823
EFFECTIVENESS DATE:		20120823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DREYFUS HIGH YIELD STRATEGIES FUND
		CENTRAL INDEX KEY:			0001057861
		IRS NUMBER:				134001109
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08703
		FILM NUMBER:		121051005

	BUSINESS ADDRESS:	
		STREET 1:		200 PARK AVENUE, 8TH FLOOR
		STREET 2:		THE DREYFUS CORPORATION
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		2129226789

	MAIL ADDRESS:	
		STREET 1:		200 PARK AVENUE
		STREET 2:		THE DREYFUS CORPORATION
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>formnq-430.htm
<DESCRIPTION>FORM N-Q
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<P style="MARGIN: 0in 0in 24pt; TEXT-ALIGN: center"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C.&nbsp; 20549</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: center"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM N-Q</FONT></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: center"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT<BR>INVESTMENT COMPANY</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Investment Company Act file number</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus High Yield Strategies Fund</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Exact name of Registrant as specified in charter)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">c/o The Dreyfus Corporation</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York 10166</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Address of principal executive offices) (Zip code)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Janette E. Farragher, Esq.</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York 10166</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Name and address of agent for service)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Registrant's telephone number, including area code: </FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(212) 922-6000</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of fiscal year end:</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">3/31</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of reporting period:</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">6/30/12</FONT></P></TD>

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<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM N-Q</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schedule of Investments.</FONT></B></P>

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   <TD style="TEXT-INDENT: 0.36pt" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>STATEMENT OF INVESTMENTS</FONT></B>&nbsp;</TD></TR>

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   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Dreyfus High Yield Strategies Fund</FONT></B>&nbsp;</TD></TR>

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   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>June 30, 2012 (Unaudited)</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

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   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Coupon</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Maturity</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Principal</FONT></TD>

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   <TD style="TEXT-INDENT: 0.119pt; BORDER-BOTTOM: #000000 3px double" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Bonds and Notes--136.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Rate (%)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Date</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Amount ($) </FONT><SUP><FONT face=Arial,Arial,Helvetica,sans-serif size=2>a</FONT></SUP></TD>

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   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Value ($)</FONT>&nbsp;</TD></TR>

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   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Consumer Discretionary--22.6%</FONT></B>&nbsp;</TD>

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   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Allbritton Communications,</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,855,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,947,750</FONT>&nbsp;</TD></TR>

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   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>AMC Networks,</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,215,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,345,612</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Cablevision Systems,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,775,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,988,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>CCH II Capital,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>13.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/30/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,750,286</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,955,945</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Cequel Communications Holdings I,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,600,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,897,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Chrysler Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,725,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,781,062</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>CityCenter Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>750,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>795,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Clear Channel Communications,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>835,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>730,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Cumulus Media Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,765,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,672,337</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Entravision Communications,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>616,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>656,040</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ferrellgas,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,135,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,191,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Goodyear Tire &amp; Rubber,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,450,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,542,437</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gray Television,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/29/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,065,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,247,925</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Hillman Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,050,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,178,125</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>J Crew Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,840,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,909,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Lear,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>690,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>776,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Libbey Glass,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,135,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,171,888</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>McJunkin Red Man,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,375,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,576,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Neiman Marcus Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,680,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,827,237</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Nexstar/Mission Broadcasting,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>220,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>233,475</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ono Finance II,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>370,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>288,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Quebecor Media,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,025,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,085,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Rite Aid,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,920,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,300</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Rite Aid,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,935,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,057,147</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Salem Communications,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,818,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,341,958</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sinclair Television Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,945,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,158,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Tomkins,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,433,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,d</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,836,378</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>UCI International,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,035,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,069,144</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>UnityMedia Hessen,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,620,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,790,300</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Unitymedia,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,310,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,811,155</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>62,864,015</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Consumer Staples--2.8%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Constellation Brands,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>570,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>614,175</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Del Monte Foods,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,895,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,921,056</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>JBS USA,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>500,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>487,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Michael Foods Group,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,898,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,195,045</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Post Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,530,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,617,975</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>7,835,751</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Energy--6.8%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>American Petroleum Tankers Parent,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,159,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,261,552</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Antero Resources Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,505,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,890,550</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Chesapeake Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>280,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>278,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Chesapeake Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,185,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,447,762</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Everest Acquisition,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,200,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,245,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Halcon Resources,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>870,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>858,220</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Kodiak Oil &amp; Gas,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,765,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,820,156</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Northern Oil and Gas,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,955,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,955,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Oasis Petroleum,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>800,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>805,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Trinidad Drilling,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,060,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,199,050</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>18,760,890</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Entertainment &amp; Gaming--11.4%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>AMC Entertaiment,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

   <TD width="28%"></TD>

   <TD width="10%"></TD>

   <TD width="11%"></TD>

   <TD width="16%"></TD>

   <TD width="18%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,715,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,030,775</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ameristar Casinos,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,680,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,806,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Boyd Gaming,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>700,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>705,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Caesars Entertainment Operating,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,455,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,379,631</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Caesars Entertainment Operating,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,850,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,028,062</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Cirsa Funding Luxembourg,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,115,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,157,049</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Codere Finance Luxembourg,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>630,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>447,300</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>MGM Resorts International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,845,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,165,063</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>MGM Resorts International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,455,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,085,537</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Odeon &amp; UCI Finco,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GBP</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>950,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,446,923</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Palace Entertainment Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,410,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,480,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Peninsula Gaming,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,750,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,148,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Penn National Gaming,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Sub. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,580,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,870,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Pinnacle Entertainment,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,095,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,204,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Regal Entertainment Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,350,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,491,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scientific Games International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>250,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>275,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>31,722,340</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Financial--17.2%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ally Financial,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,410,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,589,775</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ally Financial,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/31</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,840,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,166,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Boparan Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/30/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,530,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,042,711</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>CIT Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,235,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,276,681</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ford Motor Credit,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,625,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,990,898</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Host Hotels &amp; Resorts,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,775,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,974,687</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>HUB International Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Sub. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,073,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,193,484</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Icahn Enterprises Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,345,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,705,788</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Interactive Data,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,580,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,757,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>International Lease Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

   <TD width="29%"></TD>

   <TD width="9%"></TD>

   <TD width="11%"></TD>

   <TD width="16%"></TD>

   <TD width="18%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,195,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,666,815</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>International Lease Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,155,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,d</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,280,606</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>International Lease Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,675,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,896,938</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Lloyds TSB Bank,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sub. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GBP</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/16/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,800,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>d</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,974,112</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Offshore Group Investment,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>655,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>713,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Offshore Group Investments,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,920,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,272,800</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>ROC Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,550,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,751,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Royal Bank of Scotland,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sub. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/16/22</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,915,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>d</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,005,302</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>SLM,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/25/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>940,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,034,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>SLM,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.45</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,675,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,009,375</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>USI Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Sub. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,555,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,568,606</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>47,872,378</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Health Care--8.5%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Accellent,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,475,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,246,375</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>American Renal Associates</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Holdings, Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,068,096</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,140,192</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>American Renal Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>985,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,046,562</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Amerigroup,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>695,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>750,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Biomet,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7,424,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8,045,760</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>CHS/Community Health Systems,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>880,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>904,200</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>HCA Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,250,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,656,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Iasis Healthcare,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,055,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,049,725</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Physio-Control International,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,285,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,374,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>STHI Holding,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>840,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>892,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Tenet Healthcare,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>195,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>219,863</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Tenet Heathcare,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>398,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>457,700</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>United Surgical Partners International,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>670,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>713,550</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>23,498,852</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Industrial--21.1%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Aramark Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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<TR>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,055,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,108,964</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ashtead Capital,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>600,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>624,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Brickman Group Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,695,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,641,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Casella Waste Systems,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,235,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,202,650</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Cenveo,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,330,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,197,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ceridian,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>700,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>725,375</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ceridian,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>507,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,d</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>489,255</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ceridian,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,488,150</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,450,946</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Dyncorp International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,170,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,006,200</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Emergency Medical Services,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,505,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,578,369</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Garda World Security,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,000,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,135,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Good Sam Enterprises,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,790,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,872,787</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Kratos Defense &amp; Security</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Solutions, Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,380,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,576,350</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Manitowoc,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,100,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,363,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Marquette Transportation Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,940,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,109,050</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Mobile Mini,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,460,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,613,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Navios Maritime Acquisition,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,185,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,107,975</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Navios Maritime Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,500,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,290,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Navios Maritime Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>910,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>921,375</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Navios South American Logistics,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,180,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,091,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Obrascon Huarte Lain,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>735,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>897,589</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ply Gem Industries,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>795,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>783,075</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>RBS Global/Rexnord,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,395,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,610,550</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Reliance Intermediate Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,515,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,779,075</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Roofing Supply Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>345,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>362,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>ServiceMaster,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>255,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>278,906</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Shea Homes Funding,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

   <TD width="31%"></TD>

   <TD width="18%"></TD>

   <TD width="16%"></TD>

   <TD width="18%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,200,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,456,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Standard Pacific,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,025,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,222,438</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Taylor Morrison Communities,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,695,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,775,513</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>TransUnion Holding,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,015,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,101,275</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ultrapetrol Bahamas,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>First Mortgage Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/24/14</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,966,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,671,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>UR Merger Sub,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,125,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,189,688</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>UR Merger Sub,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,675,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,867,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>UR Merger Sub,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>615,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>644,213</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Welltec,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,990,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,920,350</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>58,665,543</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Information Technology--5.2%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Alion Science and Technology,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/14</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,351</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,986</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>CDW Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,748,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,010,360</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Epicor Software,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,565,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,629,125</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>First Data,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,636,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,644,180</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>First Data,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/24/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>115,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>116,437</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>First Data,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.55</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/24/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>245,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>251,737</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Lawson Software,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>550,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>589,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sophia,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,240,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,323,700</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sungard Data Systems,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,388</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Wireco WorldGroup,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,675,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,730,125</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Zayo Escrow,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>200,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>210,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>14,516,913</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Materials--20.3%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>AEP Industries,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,125,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,220,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>American Rock Salt,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>935,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>813,450</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>ARD Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,817,701</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,699,550</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ardagh Packaging Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,000,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,130,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ardagh Packaging Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

   <TD width="28%"></TD>

   <TD align=right width="10%"></TD>

   <TD width="11%"></TD>

   <TD width="16%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="11%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,625,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,079,576</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Beverage Packaging Holdings</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Luxembourg II, Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>325,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>390,724</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>BWAY Holding,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,080,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,193,400</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>BWAY Parent,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,396,836</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,444,773</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Cons CNT,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,260,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,304,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Dynacast International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,375,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,475,937</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>FMG Resources August 2006,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,415,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,636,975</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Global Brass and Copper,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>650,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>654,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Hexion U.S. Finance/Nova Scotia,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,860,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,613,550</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Huntsman International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,030,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,288,825</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Huntsman International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,515,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,715,737</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ineos Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>305,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>308,813</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ineos Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Bonds</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,225,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,270,938</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ineos Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,100,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,166,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ineos Group Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,400,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,291,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>JMC Steel Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,660,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,653,350</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Kerling,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,150,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,287,965</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Mead Products / ACCO Brands,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/30/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>420,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>445,200</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Murray Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,005,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>886,913</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>OXEA Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,576,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,682,380</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Packaging Dynamics,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/1/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>740,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>780,700</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Plastipak Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>814,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>926,943</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Reynolds Group,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>115,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>d</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>152,082</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Reynolds Group,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,155,000 b,c,d</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,092,675</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Reynolds Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>245,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>254,494</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Reynolds Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,985,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,061,919</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sappi Papier Holding,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

   <TD width="30%"></TD>

   <TD width="19%"></TD>

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   <TD width="18%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>360,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>365,850</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sappi Papier Holding,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>310,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>311,550</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Schaeffler Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>390,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>408,525</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Schaeffler Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>730,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>782,925</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sealed Air,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,270,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,422,400</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sealed Air,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,030,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,169,050</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Severstal Columbus,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,700,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,735,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Suncoke Energy,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>470,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>461,775</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>56,581,669</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Telecommunications--14.9%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Cincinnati Bell,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,175,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,223,937</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>CommScope,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,755,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,927,187</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>CPI International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,355,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,227,969</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Digicel,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,215,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,248,412</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Digicel Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/15</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,014,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,059,210</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Digicel Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,231,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,408,705</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Digicel,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/1/14</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>780,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>869,700</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Eileme 2,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/31/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,900,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,001,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Goodman Networks,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12.13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,060,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,094,450</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Hughes Satellite Systems,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,010,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,195,925</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Intelsat Luxembourg,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.25</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/4/17</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,054,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,157,073</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Level 3 Financing,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,430,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,563,650</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>NII Capital,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>355,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>306,188</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sable International Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,470,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,580,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sprint Nextel,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>930,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,041,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sprint Nextel,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,655,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,201,963</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Virgin Media Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes, Ser. 1</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,775,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,988,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>West,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<DIV align=left>

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<TR>

   <TD width="33%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="17%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD>

   <TD width="2%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,400,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,470,000</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>West,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,700,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,875,500</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>41,441,219</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Utilities--5.2%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>AES,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.75</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,195,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,802,050</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Calpine,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,435,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,556,975</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Calpine,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,330,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b,c</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,551,350</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GenOn Energy,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,064,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,044,850</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>North American Energy Alliance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10.88</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,310,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,444,275</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>NRG Energy,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,015,000</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,050,263</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>14,449,763</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Total Bonds and Notes</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(cost $367,714,387)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>378,209,333</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR>

   <TD colSpan=7>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.119pt; BORDER-BOTTOM: #000000 3px double" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Preferred Stocks--.9%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Shares</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Value ($)</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Financial</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GMAC Capital Trust I,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ser. 2, Cum., $2.41</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(cost $2,492,932)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>98,738</FONT></TD>

   <TD align=left><SUP><FONT face=Arial,Arial,Helvetica,sans-serif size=1>d</FONT></SUP>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>2,374,649</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR>

   <TD colSpan=7>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.119pt; BORDER-BOTTOM: #000000 3px double" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Other Investment--4.0%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Registered Investment Company;</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Dreyfus Institutional Preferred</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Plus Money Market Fund</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(cost $11,259,381)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11,259,381</FONT></TD>

   <TD align=left><SUP><FONT face=Arial,Arial,Helvetica,sans-serif size=1>e</FONT></SUP>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>11,259,381</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Total Investments </FONT></B><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(cost $381,466,700)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>140.9</FONT></B></TD>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>%</FONT></B>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>391,843,363</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Liabilities, Less Cash and Receivables</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>(40.9</FONT></B></TD>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>%)</FONT></B>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>(113,735,589</FONT></B></TD>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Net Assets</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>100.0</FONT></B></TD>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>%</FONT></B>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>278,107,774</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="2%"></TD>

   <TD width="97%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>a</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Principal amount stated in U.S. Dollars unless otherwise noted.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>EUR -- Euro</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GBP -- British Pound</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Collateral for Revolving Credit and Security Agreement.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Securities exempt from registration pursuant to Rule 144A of the Securities Act of 1933. These securities may be</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2012, these</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>securities were valued at $119,800,775 or 43.1% of net assets.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>d</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Variable rate security--interest rate subject to periodic change.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>e</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Investment in affiliated money market mutual fund.</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>At June 30, 2012, net unrealized appreciation on investments was $10,376,663 of which $15,581,540 related to appreciated investment securities and $5,204,877 related to depreciated investment securities. At June 30, 2012, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 810px; HEIGHT: 65px" cellSpacing=0 border=0>



<TR>

   <TD width="59%"></TD>

   <TD width="40%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Portfolio Summary (Unaudited) &#8224;</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Value (%)</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<DIV align=left>

<TABLE style="WIDTH: 797px; HEIGHT: 116px" cellSpacing=0 border=0>



<TR>

   <TD width="56%"></TD>

   <TD width="43%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporate Bonds</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 21pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=1>136.0</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Money Market Investment</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 21pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=1>4.0</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Preferred Stocks</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 21pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=1>.9</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=center><B><FONT style="WIDTH: 21pt; TEXT-ALIGN: right" face=Arial,Bold,Arial,Helvetica,sans-serif size=1>140.9</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="100%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>&#8224; Based on net assets.</FONT>&nbsp;</TD></TR></TABLE></DIV>

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<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="100%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.132pt" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>STATEMENT OF FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>June 30, 2012 (Unaudited)</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="9%"></TD>

   <TD width="12%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="17%"></TD>

   <TD width="14%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD align=center>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Number</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Foreign</FONT>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left colSpan=2><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Forward Currency</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>of</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Currency</FONT>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Unrealized</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center colSpan=2><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Exchange Contracts</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Contracts</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Amounts</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Proceeds ($)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Value ($)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Appreciation ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><B><FONT face=Calibri,Bold,Arial,Helvetica,sans-serif size=2>Sales:</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left colSpan=2><FONT face=Arial,Arial,Helvetica,sans-serif size=2>British Pound,</FONT>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Expiring</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>7/27/2012</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>a</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 6pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>1</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>2,930,000</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>4,611,908</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>4,588,540</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 31pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>23,368</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=7>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Euro,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Expiring:</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>7/27/2012</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>b</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 6pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>1</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>1,940,000</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>2,466,186</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>2,455,622</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 31pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>10,564</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>7/27/2012</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>c</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 6pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>1</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>5,580,000</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>7,090,506</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>7,063,077</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 31pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>27,429</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>7/27/2012</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>d</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 6pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>1</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>70,000</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>88,951</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 45pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>88,605</FONT>&nbsp;</TD>

   <TD align=center><FONT style="WIDTH: 31pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=2>346</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=7>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center><B><FONT style="WIDTH: 31pt; TEXT-ALIGN: right" face=Calibri,Bold,Arial,Helvetica,sans-serif size=2>61,707</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="5%"></TD>

   <TD width="94%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left colSpan=2><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Counterparties:</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>a</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Goldman Sachs</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>b</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 2.779pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Commonwealth Bank of Australia</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>c</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 2.25pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Credit Suisse First Boston</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>d</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 2.779pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=2>UBS</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=3>The following is a summary of the inputs used as of June 30, 2012 in valuing the fund's investments:</FONT></P>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="17%"></TD>

   <TD width="17%"></TD>

   <TD width="13%"></TD>

   <TD width="11%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Level 3 -</FONT></B>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Level 1 -</FONT></B>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Level 2 - Other</FONT></B>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Significant</FONT></B>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Unadjusted Quoted</FONT></B>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Significant</FONT></B>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Unobservable</FONT></B>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Assets ($)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Prices</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Observable Inputs</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Inputs</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Total</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Investments in Securities:</FONT>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Corporate Bonds+</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 63pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 70pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>378,209,333</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 5pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT style="WIDTH: 70pt; TEXT-ALIGN: right" face=Arial,Bold,Arial,Helvetica,sans-serif size=3>378,209,333</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Equity Securities - Domestic+</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 63pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 70pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>2,374,649</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 5pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT style="WIDTH: 70pt; TEXT-ALIGN: right" face=Arial,Bold,Arial,Helvetica,sans-serif size=3>2,374,649</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Mutual Funds</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 63pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>11,259,381</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 70pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 5pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT style="WIDTH: 70pt; TEXT-ALIGN: right" face=Arial,Bold,Arial,Helvetica,sans-serif size=3>11,259,381</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Other Financial Instruments:</FONT>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD>

   <TD align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Forward Foreign Currency Exchange Contracts++</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 63pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 70pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>61,707</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><FONT style="WIDTH: 5pt; TEXT-ALIGN: right" face=Arial,Arial,Helvetica,sans-serif size=3>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT style="WIDTH: 70pt; TEXT-ALIGN: right" face=Arial,Bold,Arial,Helvetica,sans-serif size=3>61,707</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="100%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>+ See Statement of Investments for additional detailed categorizations.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>++ Amount shown represents unrealized appreciation at period end.</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=3>For the period ended June 30, 2012, there were no transfers of securities or forward contracts between Level 1 and Level 2 of the fair value hierarchy.</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>The Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) is the exclusive reference of authoritative U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Commission (&#8220;SEC&#8221;) under authority of federal laws are also sources </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Portfolio valuation: The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Various inputs are used in determining the value of the fund&#8217;s investments </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>relating to fair value measurements. These inputs are summarized in the three broad levels listed below:</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Level 1&#8212;unadjusted quoted prices in active markets for </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>identical investments.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Level 2&#8212;other significant observable inputs (including quoted </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Level 3&#8212;significant unobservable inputs (including the fund&#8217;s </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>own assumptions in determining the fair value of investments).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>used to value the fund&#8217;s investments are as follows:</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Investments in debt securities excluding short-term investments (other than U.S. Treasury Bills) are valued each business day by an independent </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>pricing service (the &#8220;Service&#8221;) approved by the Board of Trustees.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Other investments are valued as determined by the Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. These securities are generally categorized within Level 2 of the fair value hierarchy.</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by the Service. These securities are generally categorized within Level 2 of the fair value hierarchy.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>The Service&#8217;s procedures are reviewed by Dreyfus under the general </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>supervision of the Board of Trustees.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Forward Foreign Currency Exchange Contracts: The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized gain or loss which occurred during the period is reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty nonperformance on these forward contracts, which is typically limited to the unrealized gain on each open contract.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.</FONT></P></DIV>

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<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Controls and Procedures.</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.</FONT></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.</FONT></P>

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<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM N-Q</FONT></B></P>

<P style="MARGIN: 0in 0in 24pt; TEXT-ALIGN: center"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">SIGNATURES<BR><BR></FONT></B></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus High Yield Strategies Fund</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">By: </FONT><U><FONT style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Bradley J. Skapyak</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">President</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">August 20, 2012</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">By: </FONT><U><FONT style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Bradley J. Skapyak</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">President</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">August 20, 2012</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">By: </FONT><U><FONT style="FONT-SIZE: 11pt" face="Times New Roman">/s/ James Windels</FONT></U></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">James Windels</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Treasurer</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">August 20, 2012</FONT></P></TD></TR>

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<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">EXHIBIT INDEX</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.&nbsp; (EX-99.CERT)</FONT></P></DIV>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SECTION
302 CERTIFICATION</font></b></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">I, Bradley
J. Skapyak, certify that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.&#160; I have reviewed this report
on Form N-Q of Dreyfus High Yield Strategies Fund;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">2.&#160;
Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">3.&#160;
Based on my knowledge, the schedule of investments included in this report
fairly present in all material respects the investments of the registrant as of
the end of the fiscal quarter for which the report is filed;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">4.&#160; The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have:</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(b)
Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles;</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(c)
Evaluated the effectiveness of the registrant's disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of a date within 90 days prior to
the filing date of this report based on such evaluation; and</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(d)
Disclosed in this report any change in the registrant's internal control over
financial reporting that occurred during the registrant's most recent fiscal
quarter that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting; </font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">5.&#160; The
registrant's other certifying officer(s) and I have disclosed to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

<p style="margin-left:.25in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(a)
All significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process, summarize, and
report financial information; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(b)
Any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrant's internal control over financial
reporting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">By:       </font><u><font face="Times New Roman" style="font-size:11.0pt;">/s/ Bradley J. Skapyak</font></u></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            Bradley J. Skapyak</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            President</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date:    August 20, 2012</font></p>
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<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:11.0pt;">SECTION 302
CERTIFICATION</font></b></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">I,
James Windels, certify that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.&#160; I have reviewed this report
on Form N-Q of Dreyfus High Yield Strategies Fund;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.&#160; Based on my knowledge,
this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with
respect to the period covered by this report;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">3.&#160;
Based on my knowledge, the schedule of investments included in this report
fairly present in all material respects the investments of the registrant as of
the end of the fiscal quarter for which the report is filed;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">4.&#160; The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have:</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(b)
Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles;</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(c)
Evaluated the effectiveness of the registrant's disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of a date within 90 days prior to
the filing date of this report based on such evaluation; and</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(d)
Disclosed in this report any change in the registrant's internal control over
financial reporting that occurred during the registrant's most recent fiscal
quarter that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting; </font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">5.&#160; The
registrant's other certifying officer(s) and I have disclosed to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

<p style="margin-left:.25in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(a)
All significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process, summarize, and
report financial information; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(b)
Any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrant's internal control over financial
reporting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:191.4pt;width:298.199982pt;">
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">By:       </font><u><font face="Times New Roman" style="font-size:11.0pt;">/s/ James Windels</font></u></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            James Windels</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            Treasurer</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date:    August 20, 2012</font></p>
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</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>



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