<SUBMISSION>
<ACCESSION-NUMBER>0001125282-05-000680
<TYPE>SC 13G/A
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20050214
<DATE-OF-FILING-DATE-CHANGE>20050214
<GROUP-MEMBERS>S.A.C. CAPITAL ADVISORS, LLC
<GROUP-MEMBERS>S.A.C. CAPITAL ASSOCIATES, LLC
<GROUP-MEMBERS>S.A.C. CAPITAL MANAGEMENT, LLC
<GROUP-MEMBERS>S.A.C. MULTIQUANT FUND, LLC
<GROUP-MEMBERS>SIGMA CAPITAL ASSOCIATES, LLC
<GROUP-MEMBERS>SIGMA CAPITAL MANAGEMENT, LLC
<GROUP-MEMBERS>STEVEN A. COHEN
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>ACTION PERFORMANCE COMPANIES INC
<CIK>0000892147
<ASSIGNED-SIC>5090
<IRS-NUMBER>860704792
<STATE-OF-INCORPORATION>AZ
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
<ACT>34
<FILE-NUMBER>005-45273
<FILM-NUMBER>05603941
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1480 SOUTH HOHOKAM DRIVE
<CITY>TEMPE
<STATE>AZ
<ZIP>85281
<PHONE>6023373700
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1480 SOUTH HOHOKAM DRIVE
<CITY>TEMPE
<STATE>AZ
<ZIP>85281
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>SAC CAPITAL ADVISORS LLC
<CIK>0001018103
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>72 CUMMINGS POINT ROAD
<CITY>STAMFORD
<STATE>CT
<ZIP>06902
<PHONE>2036142000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>72 CUMMINGS POINT ROAD
<CITY>STAMFORD
<STATE>CT
<ZIP>06902
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>b404648_sch13ga.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)*

                       ACTION PERFORMANCE COMPANIES, INC.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, $0.01 Par Value Per Share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    004933107
                                 --------------
                                 (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 14
<PAGE>


---------------------------                   ----------------------------------
CUSIP No. 004933107               13G         Page  2      of     14    Pages
---------------------------                   ----------------------------------
--------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. 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
     BENEFICIALLY           0
        OWNED         ----------------------------------------------------------
          BY             6  SHARED VOTING POWER
         EACH
      REPORTING             1,230,900 (see Item 4)
        PERSON        ----------------------------------------------------------
         WITH            7  SOLE DISPOSITIVE POWER

                            0
                      ----------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            1,230,900 (see Item 4)
--------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,230,900 (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)

           6.7% (see Item 4)
--------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
--------------------------------------------------------------------------------

                       *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 2 of 14
<PAGE>


----------------------------                       -----------------------------
CUSIP No. 004933107                     13G        Page  3    of     14    Pages
----------------------------                       -----------------------------
--------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. 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
    BENEFICIALLY            0
        OWNED        -----------------------------------------------------------
         BY              6  SHARED VOTING POWER
        EACH
      REPORTING             1,230,900 (see Item 4)
       PERSON        -----------------------------------------------------------
        WITH             7  SOLE DISPOSITIVE POWER

                            0
                     -----------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            1,230,900 (see Item 4)
--------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,230,900 (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)

           6.7% (see Item 4)
--------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
--------------------------------------------------------------------------------

                       *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 3 of 14
<PAGE>


----------------------------                  ----------------------------------
CUSIP No. 004933107              13G          Page  4      of     14    Pages
----------------------------                  ----------------------------------

--------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. 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
    BENEFICIALLY            0
        OWNED        -----------------------------------------------------------
         BY              6  SHARED VOTING POWER
        EACH
      REPORTING             1,230,100 (see Item 4)
       PERSON        -----------------------------------------------------------
        WITH             7  SOLE DISPOSITIVE POWER

                            0
                     -----------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            1,230,100 (see Item 4)
--------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,230,100 (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)

           6.7% (see Item 4)
--------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
--------------------------------------------------------------------------------

                       *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 4 of 14
<PAGE>


--------------------------                       -------------------------------
CUSIP No. 004933107              13G             Page  5    of     14    Pages
--------------------------                       -------------------------------

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

           S.A.C. MultiQuant Fund, 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
    BENEFICIALLY            0
        OWNED        -----------------------------------------------------------
         BY              6  SHARED VOTING POWER
        EACH
      REPORTING             2,800 (see Item 4)
       PERSON        -----------------------------------------------------------
        WITH             7  SOLE DISPOSITIVE POWER

                            0
                     -----------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            2,800 (see Item 4)
--------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           2,800 (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)

           Less than .1% (see Item 4)
--------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
--------------------------------------------------------------------------------

                       *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 5 of 14
<PAGE>


--------------------------                     ---------------------------------
CUSIP No. 004933107                13G         Page  6      of     14    Pages
--------------------------                     ---------------------------------

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

           Sigma 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
    BENEFICIALLY            0
        OWNED        -----------------------------------------------------------
         BY              6  SHARED VOTING POWER
        EACH
      REPORTING             40,000 (see Item 4)
       PERSON        -----------------------------------------------------------
        WITH             7  SOLE DISPOSITIVE POWER

                            0
                     -----------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            40,000 (see Item 4)
--------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           40,000 (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)

           Less than .1% (see Item 4)
--------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
--------------------------------------------------------------------------------

                       *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 6 of 14
<PAGE>


-------------------------                      ---------------------------------
CUSIP No. 004933107                13G         Page  7     of     14    Pages
-------------------------                      ---------------------------------

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

           Sigma 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
    BENEFICIALLY            0
        OWNED        -----------------------------------------------------------
         BY              6  SHARED VOTING POWER
        EACH
      REPORTING             40,000 (see Item 4)
       PERSON        -----------------------------------------------------------
        WITH             7  SOLE DISPOSITIVE POWER

                            0
                     -----------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            40,000 (see Item 4)
--------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           40,000 (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)

           Less than .1%% (see Item 4)
--------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
--------------------------------------------------------------------------------

                       *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 7 of 14
<PAGE>



--------------------------                    ----------------------------------
CUSIP No. 004933107               13G         Page  8      of     14    Pages
--------------------------                    ----------------------------------

--------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. 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
    BENEFICIALLY            0
        OWNED        -----------------------------------------------------------
         BY              6  SHARED VOTING POWER
        EACH
      REPORTING             1,272,900 (see Item 4)
       PERSON        -----------------------------------------------------------
        WITH             7  SOLE DISPOSITIVE POWER

                            0
                     -----------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            1,272,900 (see Item 4)
--------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,272,900 (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)

           6.9% (see Item 4)
--------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IN
--------------------------------------------------------------------------------

                       *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 8 of 14
<PAGE>


ITEM 1(A)         NAME OF ISSUER:

                  Action Performance Companies, Inc.

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

                  1480 South Hohokam Drive Tempe, AZ 85281

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 of common
                  stock, $.01 par value per share ("Shares") of the Issuer
                  beneficially owned by S.A.C. Capital Associates, LLC ("SAC
                  Capital Associates") and S.A.C. MultiQuant Fund, LLC ("SAC
                  MultiQuant"); (ii) S.A.C. Capital Management, LLC, ("SAC
                  Capital Management") with respect to Shares beneficially owned
                  by SAC Capital Associates and SAC MultiQuant; (iii) SAC
                  Capital Associates with respect to Shares beneficially owned
                  by it; (iv) SAC MultiQuant with respect to Shares beneficially
                  owned by it; (v) Sigma Capital Management, LLC ("Sigma Capital
                  Management") with respect to Shares beneficially owned by
                  Sigma Capital Associates, LLC ("Sigma Capital Associates");
                  (vi) Sigma Capital Associates with respect to Shares
                  beneficially owned by it; and (vii) Steven A. Cohen with
                  respect to Shares beneficially owned by SAC Capital Advisors,
                  SAC Capital Management, SAC Capital Associates, SAC
                  MultiQuant, Sigma Capital Management and Sigma 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 and
                  Sigma Capital Management is 540 Madison Avenue, New York, New
                  York 10022, and (iii) SAC Capital Associates, SAC MultiQuant
                  and Sigma Capital Associates is P.O. Box 58, Victoria House,
                  The Valley, Anguilla, British West Indies.

ITEM 2(C)         CITIZENSHIP:

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


                                  Page 9 of 14
<PAGE>


ITEM 2(D)         TITLE OF CLASS OF SECURITIES:

                  Common Stock, par value $0.01 per share

ITEM 2(E)         CUSIP NUMBER:

                  004933107

ITEM 3            Not Applicable

ITEM 4            OWNERSHIP:

                  The percentages used herein are calculated based upon the
                  Shares issued and outstanding as of December 10, 2004 as
                  reported on the Issuer's annual report on Form 10-K filed with
                  the Securities and Exchange Commission by the Issuer for the
                  fiscal year ended September 30, 2004.

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

                  1. S.A.C. Capital Advisors, LLC
                  (a) Amount beneficially owned: 1,230,900
                  (b) Percent of class: 6.7%
                  (c)(i) Sole power to vote or direct the vote: -0-
                  (ii) Shared power to vote or direct the vote: 1,230,900
                  (iii) Sole power to dispose or direct the disposition: -0-
                  (iv) Shared power to dispose or direct the disposition:
                    1,230,900

                  2. S.A.C. Capital Management, LLC
                  (a) Amount beneficially owned: 1,230,900
                  (b) Percent of class: 6.7%
                  (c)(i) Sole power to vote or direct the vote: -0-
                  (ii) Shared power to vote or direct the vote: 1,230,900
                  (iii) Sole power to dispose or direct the disposition: -0-
                  (iv) Shared power to dispose or direct the disposition:
                       1,230,900

                  3. S.A.C. Capital Associates, LLC
                  (a) Amount beneficially owned: 1,230,100
                  (b) Percent of class: 6.7%
                  (c)(i) Sole power to vote or direct the vote: -0-
                  (ii) Shared power to vote or direct the vote: 1,230,100
                  (iii) Sole power to dispose or direct the disposition: -0-
                  (iv) Shared power to dispose or direct the disposition:
                       1,230,100


                                  Page 10 of 14
<PAGE>


                  4. S.A.C. Multiquant Fund, LLC
                  (a) Amount beneficially owned: 2,800
                  (b) Percent of class: Less than .1%
                  (c)(i) Sole power to vote or direct the vote: -0-
                  (ii) Shared power to vote or direct the vote: 2,800
                  (iii) Sole power to dispose or direct the disposition: -0-
                  (iv) Shared power to dispose or direct the disposition: 2,800

                  5. Sigma Capital Management, LLC
                  (a) Amount beneficially owned: 40,000
                  (b) Percent of class: Less than .1%
                  (c)(i) Sole power to vote or direct the vote: -0-
                  (ii) Shared power to vote or direct the vote: 40,000
                  (iii) Sole power to dispose or direct the disposition: -0-
                  (iv) Shared power to dispose or direct the disposition: 40,000

                  6. Sigma Capital Associates, LLC
                  (a) Amount beneficially owned: 40,000
                  (b) Percent of class: Less than .1%
                  (c)(i) Sole power to vote or direct the vote: -0-
                  (ii) Shared power to vote or direct the vote: 40,000
                  (iii) Sole power to dispose or direct the disposition: -0-
                  (iv) Shared power to dispose or direct the disposition: 40,000

                  7. Steven A. Cohen
                  (a) Amount beneficially owned: 1,272,900
                  (b) Percent of class: 6.9%
                  (c)(i) Sole power to vote or direct the vote: -0-
                  (ii) Shared power to vote or direct the vote: 1,272,900
                  (iii) Sole power to dispose or direct the disposition: -0-
                  (iv) Shared power to dispose or direct the disposition:
                    1,272,900

                  SAC Capital Advisors, SAC Capital Management, Sigma Capital
                  Management and Mr. Cohen own directly no Shares. 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 and
                  SAC MultiQuant. Pursuant to an investment management
                  agreement, Sigma Capital Management maintains investment and
                  voting power with respect to the securities held by Sigma
                  Capital Associates. Mr. Cohen controls each of SAC Capital
                  Advisors, SAC Capital Management, Sigma Capital Management. By
                  reason of the provisions of Rule 13d-3 of the Securities
                  Exchange Act of 1934, as amended, each of (i) SAC Capital
                  Advisors, SAC Capital Management and Mr. Cohen may be deemed
                  to own beneficially 1,230,900 Shares (constituting
                  approximately 6.7% of the Shares outstanding) and (ii) Sigma
                  Capital Management and Mr. Cohen may be deemed to own
                  beneficially 40,000 Shares (constituting approximately less
                  than .1% of the Shares outstanding). Each of SAC Capital
                  Advisors, SAC Capital Management, Sigma Capital Management and
                  Mr. Cohen disclaim beneficial ownership of any of the
                  securities covered by this statement.


                                  Page 11 of 14
<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.

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 12 of 14
<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


S.A.C. MULTIQUANT FUND, LLC


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


SIGMA CAPITAL MANAGEMENT, LLC


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


                                  Page 13 of 14
<PAGE>


SIGMA 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 14  of 14
</TEXT>
</DOCUMENT>
</SUBMISSION>
