The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CROSSTEX ENERGY INC COM 22765Y104 841,489 33,700 SH SOLE 33,700 0 0
CROSSTEX ENERGY L P COM 22765U102 328,680 18,000 SH SOLE 18,000 0 0
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 321,400 20,000 SH SOLE 20,000 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 1,392,300 35,000 SH SOLE 35,000 0 0
ENTERPRISE PRODS PARTNERS LP COM 293792107 1,610,625 62,500 SH SOLE 62,500 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 13,500,000 5,000,000 SH SOLE 5,000,000 0 0
PLAINS ALL AMERN PIPELINE LP UNIT LTD PARTN 726503105 11,886,000 300,000 SH SOLE 300,000 0 0
REGENCY ENERGY PARTNERS L P COM UNITS L P 75885Y107 917,000 50,000 SH SOLE 50,000 0 0
US BANCORP DEL COM NEW 902973304 82,125,600 2,280,000 SH SOLE 2,280,000 0 0