Instuitional Investor - One William Street Capital Management, L.p.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares TrustCALL	IEF	2,000,000	$401,420,000	57.21%
2.	Ishares TrustPUT	IEF	800,000	$160,568,000	22.88%
3.	Ishares TrustPUT	IEF	1,000,000	$91,410,000	13.02%
4.	Ishares Tr		500,000	$38,340,000	5.46%
5.	American Airlines Group Inc.	AAL	324,825	$4,463,096	0.63%