13G Filing: Anchorage Advisors and Conns Inc (CONN)

SCHEDULE 13G

CUSIP No. :  208242107

Page 2 of 10 Pages

1.

Names of Reporting Persons.

ANCHORAGE CAPITAL GROUP, L.L.C.

2.

Check the Appropriate Box if a Member of a Group

(a) [   ]

(b) [   ]

3.

SEC Use Only

4.

Citizenship or Place of Organization

Delaware

Number of

Shares

Beneficially

Owned by Each

Reporting

5.

Sole Voting Power

0

6.

Shared Voting Power

2,953,958

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

2,953,958

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

2,953,958

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

[  ]

11.

Percent of Class Represented by Amount in Row (9)

9.4%

12.

Type of Reporting Person:

OO, IA