Am Investment Partners

                FORM 13F INFORMATION TABLE
NAME				TITLE			VALUE	 SHARES/ 	SH/	PUT/ 	INVMT	OTHER	VOTING AUTHORITY
OF ISSUER			OF CLASS      CUSIP	(x$1000) PRN AMT 	PRN	CALL	DISTN	MGRS	SOLE	SHARED	NONE
{S}				{C}	      {C}	{C}	 {C} 		{C}	{C}	{C}	{C}	{C}	{C}	{C}
ABOVENET INC			COM	      00374N107	373	4500		SH		SOLE	NONE	4500	0	0
AMERICAN RLTY CAP TR INC 	COM	      02917L101	149	14500		SH		SOLE	NONE	14500	0	0
ASIAINFO-LINKAGE INC		COM	      04518A104	164	13000		SH		SOLE	NONE	13000	0	0
CENTRAL VT PUB SVC CORP		COM	      155771108	387	11000		SH		SOLE	NONE	11000	0	0
CHINA ADVANCED CONSTR MATLS	COM	      169365103	32	13500		SH		SOLE	NONE	13500	0	0
CHINA GRENTECH CORP LTD		ADR	      16938P107	93	30000		SH		SOLE	NONE	30000	0	0
CHINA TRANSINFO TECHNOLOGY CORP	COM	      169453107	71	14600		SH		SOLE	NONE	14600	0	0
COGDELL SPENCER INC		COM	      19238U107	106	25000		SH		SOLE	NONE	25000	0	0
DELPHI FINL GROUP INC		CL A	      247131105	407	9090		SH		SOLE	NONE	9090	0	0
DISCOVERY COMMUNICATNS 		COM SER A     25470F104	506	10000		SH		SOLE	NONE	10000	0	0
EL PASO CORP			COM	      28336L109	1178	39854		SH		SOLE	NONE	39854	0	0
EL PASO CORP			COM	      28336L109	131	11700		SH	C	SOLE	NONE	11700	0	0
EMMIS COMMUNICATIONS CORP	CL A	      291525103	37	45000		SH		SOLE	NONE	45000	0	0
FBL FINL GROUP INC		CL A	      30239F106	519	15400		SH		SOLE	NONE	15400	0	0
GOODRICH CORP			COM	      382388106	57	10000		SH	C	SOLE	NONE	10000	0	0
GOODRICH CORP			COM	      382388106	1004	8000		SH		SOLE	NONE	8000	0	0
GREAT WOLF RESORTS INC		COM	      391523107	143	25000		SH		SOLE	NONE	25000	0	0
HERTZ GLOBAL HOLDINGS INC	COM	      42805T105	150	10000		SH		SOLE	NONE	10000	0	0
ILLUMINA INC			COM	      452327109	210	4000		SH		SOLE	NONE	4000	0	0
ISTA PHARMACEUTICALS INC	COM	      45031X204	270	30000		SH		SOLE	NONE	30000	0	0
KENNETH COLE PRODUCTIONS INC	CL A	      193294105	306	19000		SH		SOLE	NONE	19000	0	0
KIT DIGITAL INC			COM	      482470200	72	10000		SH		SOLE	NONE	10000	0	0
LIBERTY GLOBAL INC		COM SER C     530555309	720	15040		SH		SOLE	NONE	15040	0	0
MEDCO HEALTH SOLUTIONS INC	COM	      58405U102	1125	16000		SH		SOLE	NONE	16000	0	0
MIDAS INC			COM	      595626102	233	20300		SH		SOLE	NONE	20300	0	0
MODUSLINK GLOBAL SOLUTIONS INC	COM	      60786L107	105	19500		SH		SOLE	NONE	19500	0	0
MOTOROLA MOBILITY HLDGS INC	COM	      620097105	451	11500		SH		SOLE	NONE	11500	0	0
NEWS CORP			CL B	      65248E203	200	10000		SH		SOLE	NONE	10000	0	0
NOVELLUS SYS INC		COM	      670008101	998	20000		SH		SOLE	NONE	20000	0	0
NSTAR LLC			COM	      67019E107	742	15257		SH		SOLE	NONE	15257	0	0
O'CHARLEYS INC			COM	      670823103	148	15000		SH		SOLE	NONE	15000	0	0
PARLUX FRAGRANCES INC		COM	      701645103	252	44500		SH		SOLE	NONE	44500	0	0
PEP BOYS MANNY MOE & JACK	COM	      713278109	315	21100		SH		SOLE	NONE	21100	0	0
PROMOTORA DE INFORMACIONES SA	ADR CLA       74343G204	32	10000		SH		SOLE	NONE	10000	0	0
PROSHARES SHORT S^P 500			      74347R503	358	10000		SH		SOLE	NONE	10000	0	0
RSC HOLDINGS INC		COM	      74972L102	1019	45100		SH		SOLE	NONE	45100	0	0
SERACARE LIFE SCIENCES INC	COM	      81747T104	80	20000		SH		SOLE	NONE	20000	0	0
SIRIUS XM RADIO INC		COM	      82967N108	92	40000		SH		SOLE	NONE	40000	0	0
SOLUTIA INC			COM	      834376501	419	15000		SH		SOLE	NONE	15000	0	0
SUREWEST COMMUNICATIONS		COM	      868733106	338	15000		SH		SOLE	NONE	15000	0	0
TALEO CORP			CL A	      87424N104	344	7500		SH		SOLE	NONE	7500	0	0
TAM SA				ADR REP PFD   87484D103	319	12694		SH		SOLE	NONE	12694	0	0
TELUS CORP			SHS	      87971M202	851	15000		SH		SOLE	NONE	15000	0	0
THOMAS & BETTS CORP		COM	      884315102	2	10000		SH	C	SOLE	NONE	10000	0	0
TIBET PHARMACEUTICALS INC	COM	      G88615102	20	14400		SH		SOLE	NONE	14400	0	0
ZOLL MEDICAL CORP		COM	      989922109	417	4500		SH		SOLE	NONE	4500	0	0