-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001125282-05-000709.txt : 20050214
<SEC-HEADER>0001125282-05-000709.hdr.sgml : 20050214
<ACCEPTANCE-DATETIME>20050214124824
ACCESSION NUMBER:		0001125282-05-000709
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20050214
DATE AS OF CHANGE:		20050214
GROUP MEMBERS:		S.A.C. CAPITAL ASSOCIATES, LLC
GROUP MEMBERS:		S.A.C. CAPITAL MANAGEMENT, LLC
GROUP MEMBERS:		STEVEN A. COHEN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATURAL HEALTH TRENDS CORP
		CENTRAL INDEX KEY:			0000912061
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				592705336
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-51345
		FILM NUMBER:		05606077

	BUSINESS ADDRESS:	
		STREET 1:		12901 HUTTON DRIVE
		STREET 2:		--
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		972-241-4080

	MAIL ADDRESS:	
		STREET 1:		12901 HUTTON DRIVE
		STREET 2:		--
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAC CAPITAL ADVISORS LLC
		CENTRAL INDEX KEY:			0001018103
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		72 CUMMINGS POINT ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		2036142000

	MAIL ADDRESS:	
		STREET 1:		72 CUMMINGS POINT ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>b404690_sc13ga.txt
<DESCRIPTION>SCHEDULE 13G/A
<TEXT>
<PAGE>



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


                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)*

                           Natural Health Trends Corp.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, $.001 par value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    63888P103
                                    ---------
                                 (CUSIP Number)



                                December 31, 2004
                                -----------------
                      (Date of Event which Requires Filing
                               of this Statement)



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

                  [ ]      Rule 13d-1(b)
                  [X]      Rule 13d-1(c)
                  [ ]      Rule 13d-1(d)



*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).


                                   Page 1 of 9


<PAGE>

- --------------------                                          -----------------
CUSIP NO.  63888P103                 SCHEDULE 13G             PAGE 2 OF 9 PAGES
- --------------------                                          -----------------
- --------------------------------------------------------------------------------

     1       NAME OF REPORTING PERSON
             S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

             S.A.C. Capital Advisors, LLC

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

     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a) |_|
                                                                     (b) |X|

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

     3       SEC USE ONLY

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

     4       CITIZENSHIP OR PLACE OF ORGANIZATION

             DELAWARE

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

      NUMBER OF          5    SOLE VOTING POWER

        SHARES                0

     BENEFICIALLY       --------------------------------------------------------

    OWNED BY EACH        6    SHARED VOTING POWER

      REPORTING               0 (see Item 4)

        PERSON          --------------------------------------------------------

         WITH            7    SOLE DISPOSITIVE POWER

                              0

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

                         8    SHARED DISPOSITIVE POWER

                              0 (see Item 4)

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

     9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             0 (see Item 4)

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

    10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
             CERTAIN SHARES*                                               |_|

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

    11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             0% (see Item 4)

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

    12       TYPE OF REPORTING PERSON *

             00

================================================================================

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>

- --------------------                                          -----------------
CUSIP NO.  63888P103                 SCHEDULE 13G             PAGE 3 OF 9 PAGES
- --------------------                                          -----------------
- --------------------------------------------------------------------------------

     1       NAME OF REPORTING PERSON
             S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

             S.A.C. Capital Management, LLC

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

     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a) |_|
                                                                     (b) |X|

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

     3       SEC USE ONLY

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

     4       CITIZENSHIP OR PLACE OF ORGANIZATION

             DELAWARE

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

      NUMBER OF          5    SOLE VOTING POWER

        SHARES                0

     BENEFICIALLY       --------------------------------------------------------

    OWNED BY EACH        6    SHARED VOTING POWER

      REPORTING               0 (see Item 4)

        PERSON          --------------------------------------------------------

         WITH            7    SOLE DISPOSITIVE POWER

                              0

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

                         8    SHARED DISPOSITIVE POWER

                              0 (see Item 4)

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

     9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             0 (see Item 4)

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

    10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
             CERTAIN SHARES*                                               |_|

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

    11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             0% (see Item 4)

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

    12       TYPE OF REPORTING PERSON *

             00

================================================================================

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>

- --------------------                                          -----------------
CUSIP NO.  63888P103                 SCHEDULE 13G             PAGE 4 OF 9 PAGES
- --------------------                                          -----------------
- --------------------------------------------------------------------------------

     1       NAME OF REPORTING PERSON
             S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

             S.A.C. Capital Associates, LLC

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

     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a) |_|
                                                                     (b) |X|

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

     3       SEC USE ONLY

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

     4       CITIZENSHIP OR PLACE OF ORGANIZATION

             Anguilla, British West Indies

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

      NUMBER OF          5    SOLE VOTING POWER

        SHARES                0

     BENEFICIALLY       --------------------------------------------------------

    OWNED BY EACH        6    SHARED VOTING POWER

      REPORTING               0 (see Item 4)

        PERSON          --------------------------------------------------------

         WITH            7    SOLE DISPOSITIVE POWER

                              0

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

                         8    SHARED DISPOSITIVE POWER

                              0 (see Item 4)

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

     9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             0 (see Item 4)

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

    10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
             CERTAIN SHARES*                                               |_|

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

    11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             0% (see Item 4)

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

    12       TYPE OF REPORTING PERSON *

             00

================================================================================

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>

- --------------------                                          -----------------
CUSIP NO.  63888P103                 SCHEDULE 13G             PAGE 5 OF 9 PAGES
- --------------------                                          -----------------
- --------------------------------------------------------------------------------

     1       NAME OF REPORTING PERSON
             S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

             Steven A. Cohen

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

     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a) |_|
                                                                     (b) |X|

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

     3       SEC USE ONLY

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

     4       CITIZENSHIP OR PLACE OF ORGANIZATION

             United States

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

      NUMBER OF          5    SOLE VOTING POWER

        SHARES                0

     BENEFICIALLY       --------------------------------------------------------

    OWNED BY EACH        6    SHARED VOTING POWER

      REPORTING               0 (see Item 4)

        PERSON          --------------------------------------------------------

         WITH            7    SOLE DISPOSITIVE POWER

                              0

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

                         8    SHARED DISPOSITIVE POWER

                              0 (see Item 4)

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

     9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             0 (see Item 4)

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

    10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
             CERTAIN SHARES*                                               |_|

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

    11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             0% (see Item 4)

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

    12       TYPE OF REPORTING PERSON *

             IN

================================================================================

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>



ITEM 1(a)          NAME OF ISSUER:

                   Natural Health Trends Corp.

ITEM 1(b)          ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                   12901 Hutton Drive
                   Dallas, Texas 75234

ITEMS 2(a)         NAME OF PERSON FILING:

                   This statement is filed by: (i) S.A.C. Capital Advisors, LLC,
                   ("SAC Capital Advisors") with respect to Shares beneficially
                   owned by S.A.C. Capital Associates, LLC ("SAC Capital
                   Associates"); (ii) S.A.C. Capital Management, LLC, ("SAC
                   Capital Management") with respect to Shares beneficially
                   owned by SAC Capital Associates; (iii) SAC Capital Associates
                   with respect to Shares beneficially owned by it; and (iv)
                   Steven A. Cohen with respect to Shares beneficially owned by
                   SAC Capital Advisors, SAC Capital Management and SAC Capital
                   Associates.


ITEM 2(b)          ADDRESS OF PRINCIPAL BUSINESS OFFICE:

                   The address of the principal business office of (i) SAC
                   Capital Advisors and Mr. Cohen is 72 Cummings Point Road,
                   Stamford, Connecticut 06902, (ii) SAC Capital Management is
                   540 Madison Avenue, New York, New York 10022, and (iii) SAC
                   Capital Associates is P.O. Box 58, Victoria House, The
                   Valley, Anguilla, British West Indies.

ITEM 2(c)          CITIZENSHIP:

                   SAC Capital Advisors and SAC Capital Management are Delaware
                   limited liability companies. SAC Capital Associates is an
                   Anguillan limited liability company. Mr. Cohen is a United
                   States citizen.

ITEM 2(d)          TITLE OF CLASS OF SECURITIES:

                   Common Stock, $.001 par value

ITEM 2(e)          CUSIP NUMBER:

                   63888P103

ITEM 3             Not Applicable


                                  Page 6 of 9

<PAGE>

ITEM 4             OWNERSHIP:


                   As of the close of business on December 31, 2004:

                   1. S.A.C. Capital Advisors, LLC
                   (a) Amount beneficially owned: -0-
                   (b) Percent of class: 0%
                   (c)(i) Sole power to vote or direct the vote: -0-
                   (ii) Shared power to vote or direct the vote: -0-
                   (iii) Sole power to dispose or direct the disposition: -0-
                   (iv) Shared power to dispose or direct the disposition: -0-

                   2. S.A.C. Capital Management, LLC
                   (a) Amount beneficially owned: -0-
                   (b) Percent of class: 0%
                   (c)(i) Sole power to vote or direct the vote: -0-
                   (ii) Shared power to vote or direct the vote: -0-
                   (iii) Sole power to dispose or direct the disposition: -0-
                   (iv) Shared power to dispose or direct the disposition: -0-

                   3. S.A.C. Capital Associates, LLC
                   (a) Amount beneficially owned: -0-
                   (b) Percent of class: 0%
                   (c)(i) Sole power to vote or direct the vote: -0-
                   (ii) Shared power to vote or direct the vote: -0-
                   (iii) Sole power to dispose or direct the disposition: -0-
                   (iv) Shared power to dispose or direct the disposition: -0-


                   4. Steven A. Cohen
                   (a) Amount beneficially owned: -0-
                   (b) Percent of class: 0%
                   (c)(i) Sole power to vote or direct the vote: -0-
                   (ii) Shared power to vote or direct the vote: -0-
                   (iii) Sole power to dispose or direct the disposition: -0-
                   (iv) Shared power to dispose or direct the disposition: -0-

                   SAC Capital Advisors, SAC Capital Management, and Mr. Cohen
                   own directly no shares of Common Stock. Pursuant to
                   investment agreements, each of SAC Capital Advisors and SAC
                   Capital Management share all investment and voting power with
                   respect to the securities held by SAC Capital Associates. Mr.
                   Cohen controls both SAC Capital Advisors and SAC Capital
                   Management.


                                  Page 7 of 9

<PAGE>



ITEM 5             OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

                   If this statement is being filed to report the fact that as
                   of the date hereof the reporting person has ceased to be the
                   beneficial owner of more than five percent of the class of
                   securities, check the following. [X]

ITEM 6             OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
                   PERSON:

                   Not Applicable

ITEM 7             IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
                   ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
                   COMPANY:

                   Not Applicable

ITEM 8             IDENTIFICATION AND CLASSIFICATION OF MEMBERS
                   OF THE GROUP:

                   Not Applicable

ITEM 9             NOTICE OF DISSOLUTION OF GROUP:

                   Not Applicable

ITEM 10            CERTIFICATION:

         By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.


                                  Page 8 of 9

<PAGE>



                                    SIGNATURE

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


Dated:  February 14, 2005

S.A.C. CAPITAL ADVISORS, LLC


By:     /s/ Peter Nussbaum
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person


S.A.C. CAPITAL MANAGEMENT, LLC


By:    /s/ Peter Nussbaum
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person


S.A.C. CAPITAL ASSOCIATES, LLC


By:    /s/ Peter Nussbaum
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person


STEVEN A. COHEN


By:    /s/ Peter Nussbaum
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person




                                Page 9 of 9 Pages

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
