Alliance One International, Inc. (AOI): Axar Capital Buys 141,000 Shares

1.

Names of Reporting Persons.

Axar Capital Management, LP

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
Person With

5.

Sole Voting Power 0

6.

Shared Voting Power 1,020,893

7.

Sole Dispositive Power 0

8.

Shared Dispositive Power 1,020,893

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,020,893

10.

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

¨

11.

Percent of Class Represented by Amount in Row (9)

11.5%

12.

Type of Reporting Person:

IA

Page 2 of 10 SEC Filing

1.	Names of Reporting Persons. Axar Capital Management, LP
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 Person With		5.	Sole Voting Power 0
		6.	Shared Voting Power 1,020,893
		7.	Sole Dispositive Power 0
		8.	Shared Dispositive Power 1,020,893
9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,020,893
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11.	Percent of Class Represented by Amount in Row (9) 11.5%
12.	Type of Reporting Person: IA