GMHLF Gam Holding Ag (CE)

Name:     Scott Sullivan
Title:    Group General Counsel
Phone:    011-44-207-7917-2279

Report Summary:
Number of other Included Managers:           4
Form 13F Information Table Entry Total:      1,259
Form 13F Information Table Value Total:      $5,095,813

No.   13F File Number      Name
01    00-00000-000         GAM International Management Limited
02    00-00000-000         GAM London Limited GB
03    00-00000-000         Swiss & Global Asset Management Ltd.
04    00-00000-000         Arkos Capital SA

Form 13F Information Table
GAM Holding AG
Page 1 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
21VIANET GROUP INC-ADR                  90138A103      347    30,000        0        0    30,000 03          30,000        0       0
3D SYSTEMS CORP                         88554D205    1,643    50,000        0        0    50,000 03          50,000        0       0
3M CO                                   88579Y101   21,994   237,976        0        0   237,976 03         237,976        0       0
3M Company Common USD0.01               88579Y101   13,904   150,440        0        0   150,440 01         150,440        0       0
A.F.P. Provida SA - Spons. ADR (1       00709P108      448     4,900        0        0     4,900 01           4,900        0       0
Aaron's Inc. Common USD0.50             002535300      222     8,000        0        0     8,000 01           8,000        0       0
Abbott Laboratories Common NPV          002824100      103     1,500        0        0     1,500 01           1,500        0       0
ABBOTT LABORATORIES                     002824100   23,977   349,727        0        0   349,727 03         349,727        0       0
Abercrombie & Fitch Cls. A Com. US      002896207      610    17,985        0        0    17,985 01          17,985        0       0
ABERCROMBIE & FITCH CO-CL A             002896207    1,146    33,800        0        0    33,800 03          33,800        0       0
ABERDEEN LATIN AMERICAN EQTY            00306K106       13       374        0        0       374 03             374        0       0
ACADIA REALTY TRUST                     004239109      269    10,850        0        0    10,850 03          10,850        0       0
Accenture Plc-Cl A Com. USD0.00002      G1151C101   15,220   217,340        0        0   217,340 01         217,340        0       0
ACCENTURE PLC-CL A                      G1151C101    2,598    37,100        0        0    37,100 03          37,100        0       0
ACHILLION PHARMACEUTICALS               00448Q201      364    35,000        0        0    35,000 03          35,000        0       0
Acme Packet Inc. Com. USD0.001          004764106      446    26,070        0        0    26,070 01          26,070        0       0
Activision Blizzard Com. USD0.0000      00507V109    1,819   161,295        0        0   161,295 01         161,295        0       0
ACTIVISION BLIZZARD INC                 00507V109      118    10,500        0        0    10,500 03          10,500        0       0
ADA-ES INC                              005208103      427    18,100        0        0    18,100 03          18,100        0       0
ADOBE SYSTEMS INC                       00724F101    4,098   126,234        0        0   126,234 03         126,234        0       0
Adobe Systems Inc. Common USD0.000      00724F101    4,427   136,480        0        0   136,480 01         136,480        0       0
ADVANCE AUTO PARTS INC                  00751Y106      110     1,600        0        0     1,600 03           1,600        0       0
ADVANCED BATTERY TECHNOLOGIE            00752H102       13    40,000        0        0    40,000 03          40,000        0       0
ADVANCED MICRO DEVICES                  007903107       44    13,200        0        0    13,200 03          13,200        0       0
AES CORP                                00130H105      686    62,500        0        0    62,500 03          62,500        0       0
                                                 ---------
                                                    95,046

Form 13F Information Table
GAM Holding AG
Page 2 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
AETNA INC                               00817Y108    2,120    53,534        0        0    53,534 03          53,534        0       0
AFFILIATED MANAGERS GROUP               008252108      106       858        0        0       858 03             858        0       0
AFFYMAX INC                             00826A109      316    15,000        0        0    15,000 03          15,000        0       0
AFLAC INC                               001055102    5,104   106,600        0        0   106,600 03         106,600        0       0
AFLAC INC                               001055102      567    11,850        0        0    11,850 04          11,850        0       0
AGCO CORP                               001084102      674    14,200        0        0    14,200 03          14,200        0       0
AGCO Corporation Common USD0.01         001084102   15,083   317,667        0        0   317,667 01         317,667        0       0
AGILENT TECHNOLOGIES INC                00846U101    5,529   143,790        0        0   143,790 03         143,790        0       0
Agilent Technologies Inc. Common U      00846U101      878    22,850        0        0    22,850 01          22,850        0       0
AIG 19.01.21 CW/AIG                     026874156       19     1,415        0        0     1,415 03           1,415        0       0
AIR PRODUCTS & CHEMICALS INC            009158106    1,613    19,500        0        0    19,500 03          19,500        0       0
AIRGAS INC                              009363102      708     8,600        0        0     8,600 03           8,600        0       0
AKAMAI TECHNOLOGIES INC                 00971T101    1,702    44,479        0        0    44,479 03          44,479        0       0
ALBEMARLE CORP                          012653101       95     1,797        0        0     1,797 03           1,797        0       0
ALCOA INC                               013817101    5,188   586,190        0        0   586,190 03         586,190        0       0
Alcoa Inc. Common USD1.00               013817101   46,395 5,239,947        0        0 5,239,947 01       5,239,947        0       0
Alcoa Inc. Common USD1.00               013817101    6,813   769,432        0        0   769,432 02         769,432        0       0
ALEXANDER'S INC                         014752109      256       600        0        0       600 03             600        0       0
ALEXANDRIA REAL ESTATE EQUIT            015271109      907    12,340        0        0    12,340 03          12,340        0       0
ALEXION PHARMACEUTICALS INC             015351109    2,295    20,058        0        0    20,058 03          20,058        0       0
ALLEGHANY CORP                          017175100       69       200        0        0       200 03             200        0       0
ALLEGHENY TECHNOLOGIES INC              01741R102    3,222   101,000        0        0   101,000 03         101,000        0       0
ALLERGAN INC                            018490102   10,113   110,427        0        0   110,427 03         110,427        0       0
ALLIANCE DATA SYSTEMS CORP              018581108      156     1,100        0        0     1,100 03           1,100        0       0
Alliancebernstein Holding LP Com.       01881G106      277    18,000        0        0    18,000 01          18,000        0       0
ALLIANT ENERGY CORP                     018802108       87     2,000        0        0     2,000 03           2,000        0       0
                                                 ---------
                                                   110,290

Form 13F Information Table
GAM Holding AG
Page 3 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
ALLSTATE CORP                           020002101    2,400    60,600        0        0    60,600 03          60,600        0       0
ALTERA CORP                             021441100      581    17,100        0        0    17,100 03          17,100        0       0
ALTRIA GROUP INC                        02209S103   11,312   338,775        0        0   338,775 03         338,775        0       0
AMARIN CORPORATION PLC -ADR             023111206      378    30,000        0        0    30,000 03          30,000        0       0
AMAZON.COM INC                          023135106   14,983    58,914        0        0    58,914 03          58,914        0       0
Amazon.Com Inc. Com. USD0.01            023135106    1,532     6,020        0        0     6,020 01           6,020        0       0
AMC Networks Inc. A W/I Com. NPV        00164V103      435    10,000        0        0    10,000 01          10,000        0       0
AMEDISYS INC                            023436108      967    70,000        0        0    70,000 03          70,000        0       0
AMEREN CORPORATION                      023608102      183     5,600        0        0     5,600 03           5,600        0       0
AMERESCO INC-CL A                       02361E108      471    39,841        0        0    39,841 03          39,841        0       0
AMERICA MOVIL-ADR SERIES L              02364W105    3,368   132,400        0        0   132,400 03         132,400        0       0
America Movil-ADR SL NPV(1 Rep 20       02364W105    2,035    80,000        0        0    80,000 01          80,000        0       0
AMERICAN CAMPUS COMMUNITIES             024835100      839    19,129        0        0    19,129 03          19,129        0       0
AMERICAN CAPITAL AGENCY CORP            02503X105      232     6,705        0        0     6,705 03           6,705        0       0
AMERICAN ELECTRIC POWER                 025537101    1,336    30,400        0        0    30,400 03          30,400        0       0
AMERICAN EXPRESS CO                     025816109   23,049   405,370        0        0   405,370 03         405,370        0       0
American Express Company Common US      025816109    1,308    23,000        0        0    23,000 01          23,000        0       0
American International Group Com.       026874784   10,277   313,453        0        0   313,453 01 04      313,453        0       0
AMERICAN INTERNATIONAL GROUP            026874784    4,558   139,007        0        0   139,007 03         139,007        0       0
AMERICAN TOWER CORP                     03027X100    2,042    28,600        0        0    28,600 03          28,600        0       0
AMERICAN WATER WORKS CO INC             030420103    2,290    61,800        0        0    61,800 03          61,800        0       0
AMERIPRISE FINANCIAL INC                03076C106    1,677    29,579        0        0    29,579 03          29,579        0       0
AMERISOURCEBERGEN CORP                  03073E105    1,102    28,461        0        0    28,461 03          28,461        0       0
AMETEK INC                              031100100      173     4,875        0        0     4,875 03           4,875        0       0
AMETEK Incorporated Common USD0.01      031100100      144     4,050        0        0     4,050 01           4,050        0       0
                                                 ---------
                                                    87,670

Form 13F Information Table
GAM Holding AG
Page 4 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
AMGEN INC                               031162100   16,465   195,271        0        0   195,271 03         195,271        0       0
AMICUS THERAPEUTICS INC                 03152W109      156    30,000        0        0    30,000 03          30,000        0       0
AMPHENOL CORP-CL A                      032095101      792    13,443        0        0    13,443 03          13,443        0       0
ANACOR PHARMACEUTICALS INC              032420101       41     6,244        0        0     6,244 03           6,244        0       0
ANADARKO PETROLEUM CORP                 032511107    4,943    70,700        0        0    70,700 03          70,700        0       0
Anadarko Petroleum Corp. Common US      032511107    1,345    19,235        0        0    19,235 01          19,235        0       0
Anadarko Petroleum Corp. Common US      032511107      140     2,000        0        0     2,000 01           2,000        0       0
ANALOG DEVICES INC                      032654105    4,240   108,187        0        0   108,187 03         108,187        0       0
ANGIODYNAMICS INC                       03475V101      244    20,000        0        0    20,000 03          20,000        0       0
ANGLOGOLD ASHANTI-SPON ADR              035128206      876    25,000        0        0    25,000 03          25,000        0       0
ANNALY CAPITAL MANAGEMENT IN            035710409      333    19,800        0        0    19,800 03          19,800        0       0
ANSYS INC                               03662Q105      351     4,776        0        0     4,776 03           4,776        0       0
APACHE CORP                             037411105    9,913   114,638        0        0   114,638 03         114,638        0       0
Apache Corporation Common USD0.625      037411105    1,927    22,280        0        0    22,280 01          22,280        0       0
APARTMENT INVT & MGMT CO -A             03748R101      806    31,005        0        0    31,005 03          31,005        0       0
APOLLO GROUP INC-CL A                   037604105    2,725    93,820        0        0    93,820 03          93,820        0       0
Apple Inc Com. NPV                      037833100    2,341     3,509        0        0     3,509 01           3,509        0       0
APPLE INC                               037833100  116,748   174,967        0        0   174,967 03         174,967        0       0
APPLIED MATERIALS INC                   038222105    2,972   266,190        0        0   266,190 03         266,190        0       0
APTARGROUP INC                          038336103      165     3,200        0        0     3,200 03           3,200        0       0
AQUA AMERICA INC                        03836W103    1,872    75,599        0        0    75,599 03          75,599        0       0
Arcelormittal 5% Cv. 15-05-2014         03938LAK0   71,76369,033,000        0        069,033,000 01      69,033,000        0       0
ARCH COAL INC                           039380100       16     2,450        0        0     2,450 03           2,450        0       0
                                                 ---------
                                                   241,173

Form 13F Information Table
GAM Holding AG
Page 5 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
ARCHER-DANIELS-MIDLAND CO               039483102    2,001    73,628        0        0    73,628 03          73,628        0       0
ARIAD PHARMACEUTICALS INC               04033A100      436    18,000        0        0    18,000 03          18,000        0       0
ARROW ELECTRONICS INC                   042735100       71     2,100        0        0     2,100 03           2,100        0       0
Aruba Networks Inc. Common USD0.00      043176106    2,496   111,000        0        0   111,000 01         111,000        0       0
ASHFORD HOSPITALITY TRUST               044103109      134    15,970        0        0    15,970 03          15,970        0       0
ASSOCIATED ESTATES REALTY CP            045604105      156    10,300        0        0    10,300 03          10,300        0       0
ASSURANT INC                            04621X108       75     2,000        0        0     2,000 03           2,000        0       0
ASSURANT INC                            04621X108      314     8,439        0        0     8,439 04           8,439        0       0
ASTEC INDUSTRIES INC                    046224101      493    15,600        0        0    15,600 03          15,600        0       0
AT&T INC                                00206R102   40,556 1,075,759        0        0 1,075,759 03       1,075,759        0       0
ATWOOD OCEANICS INC                     050095108    1,645    36,200        0        0    36,200 03          36,200        0       0
AUTODESK INC                            052769106      781    23,400        0        0    23,400 03          23,400        0       0
AUTOLIV INC                             052800109      103     1,667        0        0     1,667 03           1,667        0       0
AUTOMATIC DATA PROCESSING               053015103    4,722    80,490        0        0    80,490 03          80,490        0       0
AutoNation Incorporated Common USD      05329W102      218     5,000        0        0     5,000 01           5,000        0       0
AUTOZONE INC                            053332102    2,578     6,973        0        0     6,973 03           6,973        0       0
AutoZone Incorporated Common USD0.      053332102   10,351    28,000        0        0    28,000 01          28,000        0       0
AVALONBAY COMMUNITIES INC               053484101    3,165    23,273        0        0    23,273 03          23,273        0       0
AVERY DENNISON CORP                     053611109       64     2,000        0        0     2,000 03           2,000        0       0
AVNET INC                               053807103       81     2,800        0        0     2,800 03           2,800        0       0
AVON PRODUCTS INC                       054303102      435    27,300        0        0    27,300 03          27,300        0       0
BAIDU INC - SPON ADR                    056752108    1,811    15,500        0        0    15,500 03          15,500        0       0
Baidu Inc. Spon. ADR (10 Rep 1 Ord      056752108    1,169    10,000        0        0    10,000 01          10,000        0       0
BAKER HUGHES INC                        057224107    8,790   194,332        0        0   194,332 03         194,332        0       0
BALL CORP                               058498106      859    20,300        0        0    20,300 03          20,300        0       0
BANCO BRADESCO-ADR                      059460303    6,459   401,931        0        0   401,931 03         401,931        0       0
                                                 ---------
                                                    89,963

Form 13F Information Table
GAM Holding AG
Page 6 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
BANCO DE CHILE-ADR                      059520106      533     6,394        0        0     6,394 03           6,394        0       0
Banco Macro SA ADR (1 rep. 10 ord.      05961W105      425    30,000        0        0    30,000 01          30,000        0       0
BANCO SANTANDER-CHILE-ADR               05965X109    3,346    45,687        0        0    45,687 03          45,687        0       0
BANCO SANTANDER BRASIL-ADS              05967A107    1,032   140,000        0        0   140,000 03         140,000        0       0
Bancolombia SA-Spons ADR (1Rep. 4P      05968L102      257     4,300        0        0     4,300 01           4,300        0       0
BANK OF AMERICA CORP                    060505104   17,903 2,027,483        0        0 2,027,483 03       2,027,483        0       0
Bank of America Corp. Common USD0.      060505104    1,123   127,193        0        0   127,193 01         127,193        0       0
BANK OF NEW YORK MELLON CORP            064058100    5,866   259,338        0        0   259,338 03         259,338        0       0
Bank of NY Mellon Corp. Com. USD0.      064058100      792    35,000        0        0    35,000 01          35,000        0       0
BAXTER INTERNATIONAL INC                071813109    8,884   147,431        0        0   147,431 03         147,431        0       0
Baxter International Inc. Common U      071813109   14,072   233,540        0        0   233,540 01         233,540        0       0
BB&T CORP                               054937107    2,500    75,400        0        0    75,400 03          75,400        0       0
BEAM INC                                073730103    2,814    48,900        0        0    48,900 03          48,900        0       0
Beam Inc. Common USD3.125               073730103      316     5,500        0        0     5,500 01           5,500        0       0
Becton Dickinson & Co. Common USD1      075887109   12,954   164,890        0        0   164,890 01         164,890        0       0
Becton Dickinson & Co. Common USD1      075887109      471     6,000        0        0     6,000 01           6,000        0       0
BECTON DICKINSON AND CO                 075887109   17,378   221,201        0        0   221,201 03         221,201        0       0
BED BATH & BEYOND INC                   075896100    8,645   137,218        0        0   137,218 03         137,218        0       0
BEMIS COMPANY                           081437105      629    20,000        0        0    20,000 03          20,000        0       0
BERKSHIRE HATHAWAY INC-CL A             084670108      664         5        0        0         5 03               5        0       0
BERKSHIRE HATHAWAY INC-CL B             084670702   18,811   213,280        0        0   213,280 03         213,280        0       0
BEST BUY CO INC                         086516101    4,585   266,740        0        0   266,740 03         266,740        0       0
BHP BILLITON LTD-SPON ADR               088606108    1,103    16,080        0        0    16,080 03          16,080        0       0
BHP BILLITON PLC-ADR                    05545E209      687    11,000        0        0    11,000 03          11,000        0       0
Biglari Holdings Inc. Com. USD0.50      08986R101      183       500        0        0       500 01             500        0       0
                                                 ---------
                                                   125,974

Form 13F Information Table
GAM Holding AG
Page 7 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
BIOGEN IDEC INC                         09062X103    3,723    24,946        0        0    24,946 03          24,946        0       0
Biogen Idec Inc. Common USD0.0005       09062X103      340     2,280        0        0     2,280 01           2,280        0       0
BIOMARIN PHARMACEUTICAL INC             09061G101    3,607    89,580        0        0    89,580 03          89,580        0       0
BIOMED REALTY TRUST INC                 09063H107      638    34,100        0        0    34,100 03          34,100        0       0
BLACKROCK INC                           09247X101    4,587    25,728        0        0    25,728 03          25,728        0       0
BMB MUNAI INC                           09656A105       90   314,500        0        0   314,500 03         314,500        0       0
BMC SOFTWARE INC                        055921100    1,692    40,770        0        0    40,770 03          40,770        0       0
Boeing Co. Common USD5                  097023105      585     8,400        0        0     8,400 01           8,400        0       0
BOEING CO/THE                           097023105    5,924    85,097        0        0    85,097 03          85,097        0       0
BORGWARNER INC                          099724106    1,203    17,406        0        0    17,406 03          17,406        0       0
BorgWarner Inc. Com. USD 0.01           099724106   12,900   186,657        0        0   186,657 01         186,657        0       0
BOSTON PROPERTIES INC                   101121101    5,631    50,910        0        0    50,910 03          50,910        0       0
BOSTON SCIENTIFIC CORP                  101137107    3,808   663,440        0        0   663,440 03         663,440        0       0
Boston Scientific Corp. Common USD      101137107   48,715 8,504,543        0        0 8,504,543 01       8,504,543        0       0
Boston Scientific Corp. Common USD      101137107    7,009 1,223,218        0        0 1,223,218 02       1,223,218        0       0
Boyd Gaming Corporation Common USD      103304101       85    12,000        0        0    12,000 01          12,000        0       0
BP PLC-SPONS ADR                        055622104      670    15,814        0        0    15,814 03          15,814        0       0
BPZ RESOURCES INC                       055639108       85    29,679        0        0    29,679 03          29,679        0       0
BRANDYWINE REALTY TRUST                 105368203      354    29,000        0        0    29,000 03          29,000        0       0
BRE PROPERTIES INC                      05564E106      807    17,200        0        0    17,200 03          17,200        0       0
BRF - BRASIL FOODS SA-ADR               10552T107    1,687    97,500        0        0    97,500 03          97,500        0       0
Brink's Co./The Com. USD1.00            109696104      539    21,000        0        0    21,000 01          21,000        0       0
BRISTOL-MYERS SQUIBB CO                 110122108    8,952   265,230        0        0   265,230 03         265,230        0       0
Bristol-Myers Squibb Co. Common US      110122108      371    11,000        0        0    11,000 01          11,000        0       0
BROADCOM CORP-CL A                      111320107    3,098    89,600        0        0    89,600 03          89,600        0       0
                                                 ---------
                                                   117,099

Form 13F Information Table
GAM Holding AG
Page 8 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Broadcom Corp. Class A Common USD0      111320107    2,592    75,000        0        0    75,000 01          75,000        0       0
BROWN-FORMAN CORP-CLASS B               115637209    3,837    58,800        0        0    58,800 03          58,800        0       0
BUNGE LTD                               G16962105    1,482    22,100        0        0    22,100 03          22,100        0       0
Bunge Ltd. Common USD0.01               G16962105    2,961    44,160        0        0    44,160 01          44,160        0       0
Burger King Worldwide Inc Com. NPV      121220107    1,627   116,594        0        0   116,594 01         116,594        0       0
BURGER KING WORLDWIDE INC               121220107    3,346   240,000        0        0   240,000 03         240,000        0       0
C.H. ROBINSON WORLDWIDE INC             12541W209    1,364    23,300        0        0    23,300 03          23,300        0       0
CA INC                                  12673P105    1,236    47,985        0        0    47,985 03          47,985        0       0
CABLEVISION SYSTEMS-NY GRP-A            12686C109       71     4,500        0        0     4,500 03           4,500        0       0
Cablevision Systems Corp. Class A       12686C109      602    38,000        0        0    38,000 01          38,000        0       0
CABOT OIL & GAS CORP                    127097103    1,105    24,600        0        0    24,600 03          24,600        0       0
Cabot Oil & Gas Corp. Com. USD0.10      127097103      453    10,090        0        0    10,090 01          10,090        0       0
CACI INTERNATIONAL INC -CL A            127190304    1,139    22,000        0        0    22,000 03          22,000        0       0
Cadence Design Systems Inc. Com. U      127387108    1,526   118,600        0        0   118,600 01         118,600        0       0
CALGON CARBON CORP                      129603106      584    40,800        0        0    40,800 03          40,800        0       0
CALPINE CORP                            131347304      134     7,738        0        0     7,738 03           7,738        0       0
CAMDEN PROPERTY TRUST                   133131102    1,233    19,118        0        0    19,118 03          19,118        0       0
CAMERON INTERNATIONAL CORP              13342B105      552     9,852        0        0     9,852 03           9,852        0       0
CAMPBELL SOUP CO                        134429109    4,392   126,130        0        0   126,130 03         126,130        0       0
Canterbury Park Hdgs. Corp. Com. U      13811E101       57     5,600        0        0     5,600 01           5,600        0       0
CAPITAL ONE FINANCIAL CORP              14040H105    4,793    84,075        0        0    84,075 03          84,075        0       0
CAPITAL ONE FINANCIAL CORP              14040H105      943    16,544        0        0    16,544 01 04       16,544        0       0
CAPSTONE TURBINE CORP                   14067D102      545   545,156        0        0   545,156 03         545,156        0       0
CARDINAL HEALTH INC                     14149Y108    2,013    51,652        0        0    51,652 03          51,652        0       0
Cardinal Health Incorporated Commo      14149Y108      616    15,800        0        0    15,800 01          15,800        0       0
CAREFUSION CORP                         14170T101      339    11,950        0        0    11,950 03          11,950        0       0
                                                 ---------
                                                    39,541

Form 13F Information Table
GAM Holding AG
Page 9 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Carefusion Corp. Common USD0.01         14170T101    8,516   300,000        0        0   300,000 01         300,000        0       0
CARMAX INC                              143130102      710    25,100        0        0    25,100 03          25,100        0       0
CARNIVAL CORP                           143658300    6,348   174,200        0        0   174,200 03         174,200        0       0
Catamaran Corp Com. NPV                 148887102    2,128    21,717        0        0    21,717 01          21,717        0       0
CATERPILLAR INC                         149123101    9,883   114,869        0        0   114,869 03         114,869        0       0
CBL & ASSOCIATES PROPERTIES             124830100      652    30,534        0        0    30,534 03          30,534        0       0
CBRE GROUP INC - A                      12504L109    4,556   247,485        0        0   247,485 03         247,485        0       0
CBS CORP-CLASS B NON VOTING             124857202      466    12,814        0        0    12,814 03          12,814        0       0
CEDAR REALTY TRUST INC                  150602209       70    13,300        0        0    13,300 03          13,300        0       0
Celanese Corp-Series A Com. USD0.0      150870103      629    16,585        0        0    16,585 01          16,585        0       0
CELANESE CORP-SERIES A                  150870103      121     3,200        0        0     3,200 03           3,200        0       0
CELGENE CORP                            151020104   13,795   180,567        0        0   180,567 03         180,567        0       0
Cemex SAB - Spons. ADR Part. Cer.       151290889      591    71,000        0        0    71,000 01          71,000        0       0
CEMIG SA -SPONS ADR                     204409601    1,007    83,100        0        0    83,100 03          83,100        0       0
CENTERPOINT ENERGY INC                  15189T107      194     9,100        0        0     9,100 03           9,100        0       0
CENTRAIS ELETRICAS BR-SP ADR            15234Q207      119    20,000        0        0    20,000 03          20,000        0       0
CENTURYLINK INC                         156700106    2,566    63,527        0        0    63,527 03          63,527        0       0
CEPHEID INC                             15670R107    2,875    83,300        0        0    83,300 03          83,300        0       0
CERNER CORP                             156782104    5,744    74,200        0        0    74,200 03          74,200        0       0
CF INDUSTRIES HOLDINGS INC              125269100      756     3,400        0        0     3,400 03           3,400        0       0
CHARTER COMMUNICATION-A                 16117M305       65       871        0        0       871 03             871        0       0
CHECK POINT SOFTWARE TECH               M22465104      207     4,250        0        0     4,250 03           4,250        0       0
CHENIERE ENERGY INC                     16411R208       86     5,500        0        0     5,500 03           5,500        0       0
CHESAPEAKE ENERGY CORP                  165167107      677    35,900        0        0    35,900 03          35,900        0       0
CHEVRON CORP                            166764100   51,760   444,059        0        0   444,059 03         444,059        0       0
                                                 ---------
                                                   114,520

Form 13F Information Table
GAM Holding AG
Page 10 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Chevron Corp. Common USD0.75            166764100      303     2,600        0        0     2,600 01           2,600        0       0
CHICAGO BRIDGE & IRON CO NV             167250109      423    11,100        0        0    11,100 03          11,100        0       0
Chicago Bridge & Iron Co. NV (NY S      167250109   12,804   336,159        0        0   336,159 01         336,159        0       0
CHINA LIFE INSURANCE CO-ADR             16939P106      338     7,800        0        0     7,800 03           7,800        0       0
China Life Insurance Co. ADR (1 Re      16939P106      321     7,400        0        0     7,400 01           7,400        0       0
China Mobile HK Spon ADR (1 Rep 5       16941M109    1,030    18,600        0        0    18,600 01          18,600        0       0
CHINA PETROLEUM & CHEM-ADR              16941R108      490     5,300        0        0     5,300 03           5,300        0       0
China Petroleum & Chemical ADR (1       16941R108      646     7,000        0        0     7,000 01           7,000        0       0
CHINA UNICOM HONG KONG-ADR              16945R104      473    29,000        0        0    29,000 03          29,000        0       0
CHIPOTLE MEXICAN GRILL INC              169656105      532     1,675        0        0     1,675 03           1,675        0       0
Christopher & Banks Corp. Common U      171046105      263    75,000        0        0    75,000 01          75,000        0       0
CHUBB CORP                              171232101    6,934    90,908        0        0    90,908 03          90,908        0       0
Chubb Corporation Common USD1.00        171232101    9,155   120,000        0        0   120,000 01         120,000        0       0
CHUNGHWA TELECOM LTD-ADR                17133Q502      222     7,000        0        0     7,000 03           7,000        0       0
CHURCH & DWIGHT CO INC                  171340102    2,505    46,400        0        0    46,400 03          46,400        0       0
Church & Dwight Co. Inc. Common US      171340102   10,256   190,000        0        0   190,000 01         190,000        0       0
Churchill Downs Inc Com. NPV            171484108      214     3,404        0        0     3,404 01           3,404        0       0
CIA BRASILEIRA DE DIS-SP PRF            20440T201      704    15,600        0        0    15,600 03          15,600        0       0
CIA CERVECERIAS UNIDAS-ADR              204429104    5,507    77,200        0        0    77,200 03          77,200        0       0
CIA DE MINAS BUENAVENTUR-ADR            204448104    5,415   139,000        0        0   139,000 03         139,000        0       0
CIA SANEAMENTO BASICO DE-ADR            20441A102    5,208    64,136        0        0    64,136 03          64,136        0       0
CIGNA CORP                              125509109      282     5,981        0        0     5,981 03           5,981        0       0
CIMAREX ENERGY CO                       171798101      111     1,900        0        0     1,900 03           1,900        0       0
CINCINNATI FINANCIAL CORP               172062101      148     3,900        0        0     3,900 03           3,900        0       0
CINTAS CORP                             172908105      199     4,800        0        0     4,800 03           4,800        0       0
                                                 ---------
                                                    64,484

Form 13F Information Table
GAM Holding AG
Page 11 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Circor International Inc. Com. USD      17273K109      340     9,000        0        0     9,000 01           9,000        0       0
CISCO SYSTEMS INC                       17275R102   35,459 1,857,469        0        0 1,857,469 03       1,857,469        0       0
Cisco Systems Inc. Common USD0.001      17275R102   13,501   707,060        0        0   707,060 01         707,060        0       0
CIT GROUP INC                           125581801      156     3,966        0        0     3,966 03           3,966        0       0
CITIGROUP INC                           172967424   22,853   698,450        0        0   698,450 03         698,450        0       0
Citigroup Incorporated Common USD0      172967424   17,855   545,802        0        0   545,802 01         545,802        0       0
Citigroup Incorporated Common USD0      172967424    1,279    39,108        0        0    39,108 02          39,108        0       0
CITRIX SYSTEMS INC                      177376100    4,628    60,450        0        0    60,450 03          60,450        0       0
Clearwire Corp. Class A Com. USD0.      18538Q105      293   217,500        0        0   217,500 01         217,500        0       0
CLIFFS NATURAL RESOURCES INC            18683K101    1,295    33,100        0        0    33,100 03          33,100        0       0
CLOROX COMPANY                          189054109      915    12,700        0        0    12,700 03          12,700        0       0
CME GROUP INC                           12572Q105      946    16,515        0        0    16,515 03          16,515        0       0
CMS ENERGY CORP                         125896100      273    11,573        0        0    11,573 03          11,573        0       0
CNOOC Ltd. ADR (1 Rep. 100 Ord.)        126132109      811     4,000        0        0     4,000 01           4,000        0       0
COACH INC                               189754104   15,133   270,132        0        0   270,132 03         270,132        0       0
Cobalt International Energy Com. U      19075F106    1,186    53,277        0        0    53,277 01          53,277        0       0
COBALT INTERNATIONAL ENERGY             19075F106    1,278    57,371        0        0    57,371 03          57,371        0       0
COCA-COLA CO/THE                        191216100   32,948   868,656        0        0   868,656 03         868,656        0       0
Coca-Cola Company Common USD0.25        191216100      379    10,000        0        0    10,000 01          10,000        0       0
COCA-COLA ENTERPRISES                   19122T109    1,460    46,700        0        0    46,700 03          46,700        0       0
COGNIZANT TECH SOLUTIONS-A              192446102    2,758    39,438        0        0    39,438 03          39,438        0       0
Cognizant Tech. Solutions A Com. U      192446102    1,159    16,580        0        0    16,580 01          16,580        0       0
Cohen & Steers Inc. Com. USD0.01        19247A100      252     8,500        0        0     8,500 01           8,500        0       0
COLGATE-PALMOLIVE CO                    194162103    5,802    54,113        0        0    54,113 03          54,113        0       0
Colgate-Palmolive Co. Common USD1.      194162103    6,585    61,410        0        0    61,410 01          61,410        0       0
                                                 ---------
                                                   169,544

Form 13F Information Table
GAM Holding AG
Page 12 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
COLONIAL PROPERTIES TRUST               195872106      426    20,260        0        0    20,260 03          20,260        0       0
COMCAST CORP-CLASS A                    20030N101   17,399   486,400        0        0   486,400 03         486,400        0       0
COMCAST CORP-SPECIAL CL A               20030N200      777    22,328        0        0    22,328 03          22,328        0       0
COMERICA INC                            200340107    2,826    91,000        0        0    91,000 03          91,000        0       0
COMMONWEALTH REIT                       203233101      306    21,050        0        0    21,050 03          21,050        0       0
COMMVAULT SYSTEMS INC                   204166102      845    14,400        0        0    14,400 03          14,400        0       0
COMPANHIA DE BEBIDAS-PRF ADR            20441W203    4,981   130,150        0        0   130,150 03         130,150        0       0
COMPUTER PROGRAMS & SYSTEMS             205306103      278     5,000        0        0     5,000 03           5,000        0       0
COMPUTER SCIENCES CORP                  205363104    1,730    53,700        0        0    53,700 03          53,700        0       0
CONAGRA FOODS INC                       205887102      251     9,100        0        0     9,100 03           9,100        0       0
CONCHO RESOURCES INC                    20605P101    1,211    12,784        0        0    12,784 03          12,784        0       0
Concur Technologies Inc. Com. USD0      206708109      539     7,310        0        0     7,310 01           7,310        0       0
Conns Inc Common USD0.01                208242107   17,423   790,000        0        0   790,000 01         790,000        0       0
ConocoPhillips Common USD1.250          20825C104    5,718   100,000        0        0   100,000 01         100,000        0       0
CONOCOPHILLIPS                          20825C104   17,195   300,704        0        0   300,704 03         300,704        0       0
CONSOL ENERGY INC                       20854P109    2,674    89,000        0        0    89,000 03          89,000        0       0
CONSOLIDATED EDISON INC                 209115104      521     8,698        0        0     8,698 03           8,698        0       0
Consolidated Tomoka Land Common US      210226106      197     6,000        0        0     6,000 01           6,000        0       0
CONSTELLATION BRANDS INC-A              21036P108      769    23,777        0        0    23,777 03          23,777        0       0
CONSUMER DISCRETIONARY SELT             81369Y407    3,180    68,000        0        0    68,000 03          68,000        0       0
CONTINENTAL RESOURCES INC/OK            212015101      886    11,524        0        0    11,524 03          11,524        0       0
COOPER INDUSTRIES PLC                   G24140108      263     3,500        0        0     3,500 03           3,500        0       0
Copa Holdings SA Class A Com. NPV       P31076105      488     6,000        0        0     6,000 01           6,000        0       0
CORNING INC                             219350105    5,879   447,100        0        0   447,100 03         447,100        0       0
Corning Incorporated Common USD0.5      219350105      197    15,000        0        0    15,000 01          15,000        0       0
                                                 ---------
                                                    86,961

Form 13F Information Table
GAM Holding AG
Page 13 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
CORPORATE OFFICE PROPERTIES             22002T108      393    16,400        0        0    16,400 03          16,400        0       0
CORRECTIONS CORP OF AMERICA             22025Y407      716    21,400        0        0    21,400 03          21,400        0       0
COSTCO WHOLESALE CORP                   22160K105    9,752    97,402        0        0    97,402 03          97,402        0       0
COUSINS PROPERTIES INC                  222795106      171    21,590        0        0    21,590 03          21,590        0       0
COVANCE INC                             222816100      374     8,000        0        0     8,000 03           8,000        0       0
Covanta Hldg Corp Note 3.250% 6/0       22282EAC6    2,369 2,000,000        0        0 2,000,000 04       2,000,000        0       0
COVENTRY HEALTH CARE INC                222862104      108     2,600        0        0     2,600 03           2,600        0       0
CR BARD INC                             067383109    5,456    52,140        0        0    52,140 03          52,140        0       0
Crane Company Common USD1.00            224399105      339     8,500        0        0     8,500 01           8,500        0       0
CREDICORP LTD                           G2519Y108      338     2,700        0        0     2,700 03           2,700        0       0
Credicorp Ltd. Common USD5.00           G2519Y108    1,115     8,900        0        0     8,900 01           8,900        0       0
CREE INC                                225447101      786    30,800        0        0    30,800 03          30,800        0       0
CROWN CASTLE INTL CORP                  228227104      410     6,399        0        0     6,399 03           6,399        0       0
CROWN HOLDINGS INC                      228368106      305     8,300        0        0     8,300 03           8,300        0       0
CSX CORP                                126408103    2,958   142,567        0        0   142,567 03         142,567        0       0
CTRIP.COM INTERNATIONAL-ADR             22943F100      800    47,410        0        0    47,410 03          47,410        0       0
CTS Corporation Common NPV              126501105      302    30,000        0        0    30,000 01          30,000        0       0
CUBESMART                               229663109      273    21,200        0        0    21,200 03          21,200        0       0
CUBIST PHARMACEUTICALS INC              229678107      429     9,000        0        0     9,000 03           9,000        0       0
CUMMINS INC                             231021106    3,484    37,770        0        0    37,770 03          37,770        0       0
Cummins Inc. Common USD2.50             231021106   12,716   137,904        0        0   137,904 01         137,904        0       0
Curtiss-Wright Corporation Common       231561101       82     2,500        0        0     2,500 01           2,500        0       0
CVS CAREMARK CORP                       126650100   19,195   396,429        0        0   396,429 03         396,429        0       0
CVS Caremark Corp. Common USD0.01       126650100    1,514    31,276        0        0    31,276 01          31,276        0       0
D.R. Horton Inc 2% Cv. 15-05-2014       23331ABB4   12,413 7,540,000        0        0 7,540,000 01       7,540,000        0       0
                                                 ---------
                                                    76,801

Form 13F Information Table
GAM Holding AG
Page 14 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
D.R. Horton Inc. Com. USD0.01           23331A109      728    35,280        0        0    35,280 01          35,280        0       0
Dana Holding Corp. Common USD0.01       235825205      748    60,791        0        0    60,791 01          60,791        0       0
Dana Holding Corp. Common USD0.01       235825205      221    18,000        0        0    18,000 01          18,000        0       0
DANAHER CORP                            235851102   10,264   186,117        0        0   186,117 03         186,117        0       0
Danaher Corp. Com. USD0.01              235851102   12,578   228,078        0        0   228,078 01         228,078        0       0
DARDEN RESTAURANTS INC                  237194105      167     3,000        0        0     3,000 03           3,000        0       0
DAVITA INC                              23918K108    2,404    23,200        0        0    23,200 03          23,200        0       0
DCT INDUSTRIAL TRUST INC                233153105      371    57,400        0        0    57,400 03          57,400        0       0
DDR CORP                                23317H102      793    51,659        0        0    51,659 03          51,659        0       0
DECKERS OUTDOOR CORP                    243537107      974    26,570        0        0    26,570 03          26,570        0       0
DEERE & CO                              244199105    4,674    56,664        0        0    56,664 03          56,664        0       0
Deere & Company Common USD1.00          244199105      742     9,000        0        0     9,000 01           9,000        0       0
DELL INC                                24702R101    1,394   141,378        0        0   141,378 03         141,378        0       0
DELTA AIR LINES INC                     247361702       42     4,600        0        0     4,600 03           4,600        0       0
Demandware Com. USD0.01                 24802Y105    2,397    75,500        0        0    75,500 01          75,500        0       0
DENBURY RESOURCES INC                   247916208      452    28,000        0        0    28,000 03          28,000        0       0
DENDREON CORP                           24823Q107      121    25,000        0        0    25,000 03          25,000        0       0
DENTSPLY INTERNATIONAL INC              249030107    2,170    56,900        0        0    56,900 03          56,900        0       0
Desarrolladora Homex ADR (1 Rep. 6      25030W100      546    40,000        0        0    40,000 01          40,000        0       0
DEVON ENERGY CORPORATION                25179M103   12,094   199,902        0        0   199,902 03         199,902        0       0
Diageo PLC Sponsored ADR                25243Q205      845     7,500        0        0     7,500 01           7,500        0       0
DIAMOND OFFSHORE DRILLING               25271C102    3,210    48,773        0        0    48,773 03          48,773        0       0
DIAMONDROCK HOSPITALITY CO              252784301      425    44,143        0        0    44,143 03          44,143        0       0
DICK'S SPORTING GOODS INC               253393102      104     2,001        0        0     2,001 03           2,001        0       0
                                                 ---------
                                                    58,467

Form 13F Information Table
GAM Holding AG
Page 15 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Diebold Incorporated Common USD1.2      253651103      270     8,000        0        0     8,000 01           8,000        0       0
DIGITAL REALTY TRUST INC                253868103    3,424    49,024        0        0    49,024 03          49,024        0       0
Digital Realty Trust Inc. Com. USD      253868103   11,356   162,583        0        0   162,583 01         162,583        0       0
Digitalglobe Inc. Com. USD0.001         25389M877      541    26,540        0        0    26,540 01          26,540        0       0
DIRECTV Com. USD 0.01                   25490A309      524    10,000        0        0    10,000 01          10,000        0       0
DIRECTV                                 25490A309    6,100   116,288        0        0   116,288 03         116,288        0       0
DISCOVER FINANCIAL SERVICES             254709108    2,745    69,079        0        0    69,079 03          69,079        0       0
DISCOVERY COMMUNICATIONS-A              25470F104      167     2,800        0        0     2,800 03           2,800        0       0
DISCOVERY COMMUNICATIONS-C              25470F302      140     2,500        0        0     2,500 03           2,500        0       0
DISH NETWORK CORP-A                     25470M109      132     4,300        0        0     4,300 03           4,300        0       0
DISH Network Corp. Cls. A Com. USD      25470M109      582    19,000        0        0    19,000 01          19,000        0       0
DOLBY LABORATORIES INC-CL A             25659T107       33     1,000        0        0     1,000 03           1,000        0       0
DOLLAR GENERAL CORP                     256677105      245     4,747        0        0     4,747 03           4,747        0       0
DOLLAR TREE INC                         256746108      613    12,702        0        0    12,702 03          12,702        0       0
DOMINION RESOURCES INC/VA               25746U109    3,340    63,086        0        0    63,086 03          63,086        0       0
DOMTAR CORP                             257559203      188     2,400        0        0     2,400 03           2,400        0       0
DOUGLAS EMMETT INC                      25960P109      657    28,500        0        0    28,500 03          28,500        0       0
DOVER CORP                              260003108    6,160   103,553        0        0   103,553 03         103,553        0       0
DOW CHEMICAL CO/THE                     260543103    3,475   120,000        0        0   120,000 03         120,000        0       0
DR HORTON INC                           23331A109    2,156   104,462        0        0   104,462 03         104,462        0       0
DR PEPPER SNAPPLE GROUP INC             26138E109    1,090    24,471        0        0    24,471 03          24,471        0       0
Dr Pepper Snapple Grp. Inc. Com. U      26138E109      445    10,000        0        0    10,000 01          10,000        0       0
DTE ENERGY COMPANY                      233331107      228     3,800        0        0     3,800 03           3,800        0       0
Du Pont (E.I.) De Nemours USD0.30       263534109   41,334   822,237        0        0   822,237 01         822,237        0       0
Du Pont (E.I.) De Nemours USD0.30       263534109    4,487    89,262        0        0    89,262 02          89,262        0       0
                                                 ---------
                                                    90,433

Form 13F Information Table
GAM Holding AG
Page 16 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
DU PONT (E.I.) DE NEMOURS               263534109    6,670   132,684        0        0   132,684 03         132,684        0       0
DUKE ENERGY CORP                        26441C204    1,720    26,545        0        0    26,545 03          26,545        0       0
DUKE REALTY CORP                        264411505      936    63,701        0        0    63,701 03          63,701        0       0
DUN & BRADSTREET CORP                   26483E100       88     1,100        0        0     1,100 03           1,100        0       0
DUPONT FABROS TECHNOLOGY                26613Q106      379    15,000        0        0    15,000 03          15,000        0       0
EASTGROUP PROPERTIES INC                277276101      261     4,900        0        0     4,900 03           4,900        0       0
EASTMAN CHEMICAL CO                     277432100      279     4,900        0        0     4,900 03           4,900        0       0
Eastman Kodak Co Com. USD 2.50          277461109       80   428,915        0        0   428,915 01         428,915        0       0
Eastman Kodak Co Com. USD 2.50          277461109       13    72,297        0        0    72,297 02          72,297        0       0
EATON CORP                              278058102    3,227    68,281        0        0    68,281 03          68,281        0       0
EATON VANCE CORP                        278265103       67     2,300        0        0     2,300 03           2,300        0       0
EBAY INC                                278642103   15,794   326,256        0        0   326,256 03         326,256        0       0
eBay Incorporated Common USD0.001       278642103   40,023   827,434        0        0   827,434 01         827,434        0       0
eBay Incorporated Common USD0.001       278642103      580    12,000        0        0    12,000 01          12,000        0       0
eBay Incorporated Common USD0.001       278642103    5,151   106,486        0        0   106,486 02         106,486        0       0
Echostar Corp. A Com. NPV               278768106      401    14,000        0        0    14,000 01          14,000        0       0
ECOLAB INC                              278865100    8,234   127,048        0        0   127,048 03         127,048        0       0
ECOPETROL SA-SPONSORED ADR              279158109      295     5,000        0        0     5,000 03           5,000        0       0
Ecopetrol SA Spons. ADR (1 Rep. 20      279158109      306     5,200        0        0     5,200 01           5,200        0       0
EDISON INTERNATIONAL                    281020107    1,681    36,800        0        0    36,800 03          36,800        0       0
EDUCATION REALTY TRUST INC              28140H104      258    23,700        0        0    23,700 03          23,700        0       0
Edward Lifesciences Corporation Co      28176E108    1,954    18,200        0        0    18,200 01          18,200        0       0
Edwards Group Ltd. ADR (1 Rep. 1 O      281736108    1,177   171,000        0        0   171,000 01         171,000        0       0
EDWARDS LIFESCIENCES CORP               28176E108      762     7,100        0        0     7,100 03           7,100        0       0
ELECTRONIC ARTS INC                     285512109    1,011    79,680        0        0    79,680 03          79,680        0       0
                                                 ---------
                                                    91,349

Form 13F Information Table
GAM Holding AG
Page 17 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Electronic Arts Inc. Common USD0.0      285512109      368    29,000        0        0    29,000 01          29,000        0       0
Eli Lilly & Co Com. NPV                 532457108    1,309    27,620        0        0    27,620 01          27,620        0       0
ELI LILLY & CO                          532457108    8,021   169,190        0        0   169,190 03         169,190        0       0
EMBRAER SA-ADR                          29082A107      559    21,000        0        0    21,000 03          21,000        0       0
EMC Corp. 1.75% Cv. 01-12-2013          268648AM4   28,99716,850,000        0        016,850,000 01      16,850,000        0       0
EMC Corp. Massachusetts Common USD      268648102   16,674   611,340        0        0   611,340 01         611,340        0       0
EMC CORP/MA                             268648102   19,979   732,545        0        0   732,545 03         732,545        0       0
EMERGENT BIOSOLUTIONS INC               29089Q105      242    17,000        0        0    17,000 03          17,000        0       0
EMERSON ELECTRIC CO                     291011104   13,894   287,846        0        0   287,846 03         287,846        0       0
EMPRESA NAC ELEC-CHIL-SP ADR            29244T101      767    16,000        0        0    16,000 03          16,000        0       0
ENERGEN CORP                            29265N108       73     1,400        0        0     1,400 03           1,400        0       0
ENERGIZER HOLDINGS INC                  29266R108      104     1,400        0        0     1,400 03           1,400        0       0
Energizer Holdings Inc. Common USD      29266R108      597     8,000        0        0     8,000 01           8,000        0       0
Energy Select Sector SPDR Fund          81369Y506      734    10,000        0        0    10,000 01          10,000        0       0
ENERNOC INC                             292764107      585    45,100        0        0    45,100 03          45,100        0       0
ENERSIS S.A. -SPONS ADR                 29274F104    2,462   150,198        0        0   150,198 03         150,198        0       0
EnerSys Inc Com. USD 0.01               29275Y102    6,498   184,138        0        0   184,138 01         184,138        0       0
Enova Systems Inc. Ord. NPV             29355M200      111 1,060,970        0        0 1,060,970 01       1,060,970        0       0
Enova Systems Inc. Ord. NPV             29355M200       43   405,462        0        0   405,462 02         405,462        0       0
ENPHASE ENERGY INC                      29355A107      305    73,700        0        0    73,700 03          73,700        0       0
ENTERGY CORP                            29364G103    3,663    52,850        0        0    52,850 03          52,850        0       0
ENTERTAINMENT PROPERTIES TR             29380T105      475    10,700        0        0    10,700 03          10,700        0       0
EOG RESOURCES INC                       26875P101    2,881    25,708        0        0    25,708 03          25,708        0       0
                                                 ---------
                                                   109,343

Form 13F Information Table
GAM Holding AG
Page 18 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
EQT CORP                                26884L109      225     3,819        0        0     3,819 03           3,819        0       0
EQUIFAX INC                             294429105      196     4,200        0        0     4,200 03           4,200        0       0
EQUINIX INC                             29444U502      227     1,103        0        0     1,103 03           1,103        0       0
Equinix Inc. Common USD0.001            29444U502    1,240     6,020        0        0     6,020 01           6,020        0       0
EQUITY LIFESTYLE PROPERTIES             29472R108      593     8,700        0        0     8,700 03           8,700        0       0
EQUITY ONE INC                          294752100      331    15,700        0        0    15,700 03          15,700        0       0
EQUITY RESIDENTIAL                      29476L107    5,805   100,900        0        0   100,900 03         100,900        0       0
ESSEX PROPERTY TRUST INC                297178105    1,171     7,900        0        0     7,900 03           7,900        0       0
ESTEE LAUDER COMPANIES-CL A             518439104   12,628   205,100        0        0   205,100 03         205,100        0       0
EXELIS INC                              30162A108    1,324   128,000        0        0   128,000 03         128,000        0       0
Exelis Inc. Com. NPV                    30162A108      124    12,000        0        0    12,000 01          12,000        0       0
EXELON CORP                             30161N101    7,773   218,452        0        0   218,452 03         218,452        0       0
EXPEDITORS INTL WASH INC                302130109    2,283    62,800        0        0    62,800 03          62,800        0       0
Expeditors Intl. Wash Inc. Com. US      302130109      498    13,710        0        0    13,710 01          13,710        0       0
EXPRESS SCRIPTS HOLDING CO              30219G108    9,569   152,692        0        0   152,692 03         152,692        0       0
EXTRA SPACE STORAGE INC                 30225T102      738    22,200        0        0    22,200 03          22,200        0       0
EXXON MOBIL CORP                        30231G102   78,964   863,468        0        0   863,468 03         863,468        0       0
Exxon Mobil Corp. Com. NPV              30231G102      297     3,250        0        0     3,250 01           3,250        0       0
Exxon Mobil Corp. Com. NPV              30231G102      183     2,000        0        0     2,000 01           2,000        0       0
F5 NETWORKS INC                         315616102    1,026     9,800        0        0     9,800 03           9,800        0       0
FACEBOOK INC-A                          30303M102      208     9,595        0        0     9,595 03           9,595        0       0
Facebook Inc. Com. 0.000001             30303M102    3,131   144,600        0        0   144,600 01         144,600        0       0
FAMILY DOLLAR STORES                    307000109      152     2,299        0        0     2,299 03           2,299        0       0
FASTENAL CO                             311900104      984    22,900        0        0    22,900 03          22,900        0       0
Federal Mogul Corp. Com. USD0.01        313549404      458    50,000        0        0    50,000 01          50,000        0       0
                                                 ---------
                                                   130,128

Form 13F Information Table
GAM Holding AG
Page 19 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
FEDERAL REALTY INVS TRUST               313747206    1,611    15,300        0        0    15,300 03          15,300        0       0
FEDEX CORP                              31428X106    3,139    37,100        0        0    37,100 03          37,100        0       0
FELCOR LODGING TRUST INC                31430F101      146    30,840        0        0    30,840 03          30,840        0       0
FIDELITY NATIONAL FINL-A                31620R105       93     4,367        0        0     4,367 03           4,367        0       0
FIDELITY NATIONAL INFORMATIO            31620M106      156     4,997        0        0     4,997 03           4,997        0       0
Fifth & Pacific Co Inc Com. USD 1.      316645100      747    58,434        0        0    58,434 01          58,434        0       0
FIFTH THIRD BANCORP                     316773100    1,988   128,200        0        0   128,200 03         128,200        0       0
FINANCIAL SELECT SECTOR SPDR            81369Y605    7,378   473,000        0        0   473,000 03         473,000        0       0
FIRST INDUSTRIAL REALTY TR              32054K103      275    20,900        0        0    20,900 03          20,900        0       0
FIRST POTOMAC REALTY TRUST              33610F109      152    11,800        0        0    11,800 03          11,800        0       0
FIRST REPUBLIC BANK/CA                  33616C100       61     1,763        0        0     1,763 03           1,763        0       0
FIRST SOLAR INC                         336433107      664    30,000        0        0    30,000 03          30,000        0       0
First Solar Inc. Com. USD0.001          336433107   10,928   493,492        0        0   493,492 01         493,492        0       0
First Solar Inc. Com. USD0.001          336433107    1,365    61,633        0        0    61,633 02          61,633        0       0
FIRSTENERGY CORP                        337932107    1,943    44,056        0        0    44,056 03          44,056        0       0
FISERV INC                              337738108    2,939    39,700        0        0    39,700 03          39,700        0       0
Fisher Communications Inc. Com. US      337756209      460    12,500        0        0    12,500 01          12,500        0       0
FLEXTRONICS INTL LTD                    Y2573F102       99    16,498        0        0    16,498 03          16,498        0       0
FLIR SYSTEMS INC                        302445101       80     4,000        0        0     4,000 03           4,000        0       0
FLOWSERVE CORP                          34354P105    3,334    26,100        0        0    26,100 03          26,100        0       0
Flowserve Corporation Common USD1.      34354P105      383     3,000        0        0     3,000 01           3,000        0       0
FLUOR CORP                              343412102    1,315    23,369        0        0    23,369 03          23,369        0       0
FMC CORP                                302491303      155     2,800        0        0     2,800 03           2,800        0       0
FMC TECHNOLOGIES INC                    30249U101      241     5,200        0        0     5,200 03           5,200        0       0
FOCUS MEDIA HOLDING-ADR                 34415V109      679    29,000        0        0    29,000 03          29,000        0       0
                                                 ---------
                                                    40,331

Form 13F Information Table
GAM Holding AG
Page 20 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Fomento Economico Mex ADR SAB (Rep      344419106      230     2,500        0        0     2,500 01           2,500        0       0
FORD MOTOR CO                           345370860    5,185   525,900        0        0   525,900 03         525,900        0       0
Ford Motor Company 4.25% Cv. 15-11      345370CN8    6,157 4,492,000        0        0 4,492,000 01       4,492,000        0       0
FOREST CITY ENTERPRISES-CL A            345550107      526    33,200        0        0    33,200 03          33,200        0       0
FOREST LABORATORIES INC                 345838106    3,367    94,542        0        0    94,542 03          94,542        0       0
Fortune Brands Home & Security Com      34964C106      216     8,000        0        0     8,000 01           8,000        0       0
FOSSIL INC                              349882100    2,304    27,200        0        0    27,200 03          27,200        0       0
FRANKLIN RESOURCES INC                  354613101    5,153    41,200        0        0    41,200 03          41,200        0       0
Fred's Incorporated Class A Common      356108100    9,965   700,000        0        0   700,000 01         700,000        0       0
FREEPORT-MCMORAN COPPER                 35671D857   15,378   388,534        0        0   388,534 03         388,534        0       0
FRONTIER COMMUNICATIONS CORP            35906A108      108    22,062        0        0    22,062 03          22,062        0       0
Fusion-Io Inc. Com. USD0.0002           36112J107    1,332    44,000        0        0    44,000 01          44,000        0       0
GAFISA SA-ADR                           362607301      332    76,000        0        0    76,000 03          76,000        0       0
GAMESTOP CORP-CLASS A                   36467W109      687    32,700        0        0    32,700 03          32,700        0       0
GameStop Corp. Class A Com. USD0.0      36467W109      470    22,405        0        0    22,405 01          22,405        0       0
GANNETT CO                              364730101    1,211    68,210        0        0    68,210 03          68,210        0       0
GAP INC/THE                             364760108      638    17,827        0        0    17,827 03          17,827        0       0
GATX Corporation Common USD0.625        361448103      509    12,000        0        0    12,000 01          12,000        0       0
Gaylord Entmt. Company Class A USD      367905106      830    21,000        0        0    21,000 01          21,000        0       0
GENERAL DYNAMICS CORP                   369550108    1,760    26,620        0        0    26,620 03          26,620        0       0
GENERAL ELECTRIC CO                     369604103   46,223 2,035,376        0        0 2,035,376 03       2,035,376        0       0
General Electric Co. Com. USD0.06       369604103   73,182 3,221,892        0        0 3,221,892 01       3,221,892        0       0
General Electric Co. Com. USD0.06       369604103    9,776   430,369        0        0   430,369 02         430,369        0       0
GENERAL GROWTH PROPERTIES               370023103    2,594   133,151        0        0   133,151 03         133,151        0       0
GENERAL MILLS INC                       370334104    2,733    68,584        0        0    68,584 03          68,584        0       0
                                                 ---------
                                                   190,867

Form 13F Information Table
GAM Holding AG
Page 21 of 51
1                                  2    3         4        5         6                           7        8
                                                    Mkt
                                                   Value             -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP     $ x1000   # Shares     Sole   Shared     Other Managers      Sole   Shared    None
GENERAL MOT 10.7.16 CW/GM               37045V118     334     24,261        0        0    24,261 03          24,261        0       0
GENERAL MOT 10.7.19 CW/GM               37045V126     200     24,261        0        0    24,261 03          24,261        0       0
GENERAL MOTORS CO                       37045V100     989     43,488        0        0    43,488 03          43,488        0       0
General Motors Co. Com. USD0.01         37045V100      73      3,190        0        0     3,190 01           3,190        0       0
General Motors Cw16 Wts 10-07-2016      37045V118       2        131        0        0       131 01             131        0       0
General Motors Cw19 Wts. 10-07-201      37045V126       1        131        0        0       131 01             131        0       0
GENIE ENERGY LTD-B                      372284208   1,864    260,000        0        0   260,000 03         260,000        0       0
Gentiva Health Services Inc. Com.       37247A102     170     15,000        0        0    15,000 01          15,000        0       0
GENUINE PARTS CO                        372460105     220      3,600        0        0     3,600 03           3,600        0       0
Genuine Parts Company Common USD1.      372460105   1,953     32,000        0        0    32,000 01          32,000        0       0
GENWORTH FINANCIAL INC-CL A             37247D106     312     59,600        0        0    59,600 03          59,600        0       0
GeoEye Inc Com. USD 0.01                37250W108     173      6,560        0        0     6,560 01           6,560        0       0
GERDAU SA -SPON ADR                     373737105     922     97,000        0        0    97,000 03          97,000        0       0
GETTY REALTY CORP                       374297109     119      6,630        0        0     6,630 03           6,630        0       0
GEVO INC                                374396109      83     38,900        0        0    38,900 03          38,900        0       0
Giant Interactive Group-Spon. ADR       374511103   1,295    250,000        0        0   250,000 01         250,000        0       0
GILEAD SCIENCES INC                     375558103  16,598    250,227        0        0   250,227 03         250,227        0       0
Gilead Sciences Incorporated Commo      375558103     492      7,425        0        0     7,425 01           7,425        0       0
GLIMCHER REALTY TRUST                   379302102     439     41,550        0        0    41,550 03          41,550        0       0
GLOBAL X FTSE COLOMB 20 ETF             37950E200       5        232        0        0       232 03             232        0       0
GLOBAL X SILVER MINERS ETF              37950E853     747     30,000        0        0    30,000 03          30,000        0       0
GM 4 3/4 12/01/13                       37045V209   1,211     32,493        0        0    32,493 03          32,493        0       0
GOLD FIELDS LTD-SPONS ADR               38059T106   8,622    671,000        0        0   671,000 03         671,000        0       0
Goldcorp Inc. 2% Cv. 01-08-2014         380956AB8  17,325 14,280,000        0        014,280,000 01      14,280,000        0       0
                                                 --------
                                                   54,151

Form 13F Information Table
GAM Holding AG
Page 22 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Golden Minerals Co. Com. USD0.01        381119106       38     7,232        0        0     7,232 01           7,232        0       0
GOLDMAN SACHS GROUP INC                 38141G104    8,549    75,199        0        0    75,199 03          75,199        0       0
GOODYEAR TIRE & RUBBER CO               382550101      304    24,900        0        0    24,900 03          24,900        0       0
GOOGLE INC-CL A                         38259P508   49,302    65,344        0        0    65,344 03          65,344        0       0
Google Incorporated Com. Cl A USD0      38259P508   21,428    28,400        0        0    28,400 01          28,400        0       0
GOVERNMENT PROPERTIES INCOME            38376A103      184     7,870        0        0     7,870 03           7,870        0       0
GREEN MOUNTAIN COFFEE ROASTE            393122106      624    26,286        0        0    26,286 03          26,286        0       0
Griffon Corporation Common USD0.25      398433102      700    68,000        0        0    68,000 01          68,000        0       0
Grupo Televisa SA-Sp ADR (1 Rep 5       40049J206      705    30,000        0        0    30,000 01          30,000        0       0
Grupo Televisa SA-Sp ADR (1 Rep 5       40049J206      682    29,000        0        0    29,000 01          29,000        0       0
GT Advanced Technologies Inc Com.       36191U106      561   103,060        0        0   103,060 01         103,060        0       0
GT ADVANCED TECHNOLOGIES INC            36191U106      527    96,700        0        0    96,700 03          96,700        0       0
H&R BLOCK INC                           093671105    2,687   155,030        0        0   155,030 03         155,030        0       0
HALLIBURTON CO                          406216101    5,000   148,400        0        0   148,400 03         148,400        0       0
Halliburton Company Common USD2.50      406216101      889    26,380        0        0    26,380 01          26,380        0       0
HALOZYME THERAPEUTICS INC               40637H109      151    20,000        0        0    20,000 03          20,000        0       0
Hanesbrands Inc. Common USD0.01         410345102    1,753    54,991        0        0    54,991 01          54,991        0       0
HARLEY-DAVIDSON INC                     412822108    1,563    36,900        0        0    36,900 03          36,900        0       0
HARMONY GOLD MNG-SPON ADR               413216300    5,415   643,850        0        0   643,850 03         643,850        0       0
HARRIS CORP                             413875105    3,273    63,900        0        0    63,900 03          63,900        0       0
HARTFORD FINANCIAL SVCS GRP             416515104    2,857   146,940        0        0   146,940 03         146,940        0       0
HASBRO INC                              418056107       99     2,600        0        0     2,600 03           2,600        0       0
HCA HOLDINGS INC                        40412C101      136     4,100        0        0     4,100 03           4,100        0       0
HCP INC                                 40414L109    4,704   105,762        0        0   105,762 03         105,762        0       0
                                                 ---------
                                                   112,131

Form 13F Information Table
GAM Holding AG
Page 23 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
HDFC BANK LTD-ADR                       40415F101      413    11,000        0        0    11,000 03          11,000        0       0
HDFC Bank Ltd. Spon. ADR (1 Rep. 3      40415F101      301     8,000        0        0     8,000 01           8,000        0       0
HEALTH CARE REIT INC                    42217K106    4,679    81,017        0        0    81,017 03          81,017        0       0
HEALTHCARE REALTY TRUST INC             421946104      438    19,000        0        0    19,000 03          19,000        0       0
HELMERICH & PAYNE                       423452101    3,926    82,466        0        0    82,466 03          82,466        0       0
HENRY SCHEIN INC                        806407102      198     2,500        0        0     2,500 03           2,500        0       0
HERSHEY CO/THE                          427866108      334     4,709        0        0     4,709 03           4,709        0       0
HERTZ GLOBAL HOLDINGS INC               42805T105       70     5,100        0        0     5,100 03           5,100        0       0
Hertz Global Holdings Inc. 5.25% C      42805TAA3   10,218 5,592,000        0        0 5,592,000 01       5,592,000        0       0
HESS CORP                               42809H107    5,970   111,131        0        0   111,131 03         111,131        0       0
Hess Corporation Common USD1.00         42809H107      403     7,500        0        0     7,500 01           7,500        0       0
HEWLETT-PACKARD CO                      428236103    7,648   448,279        0        0   448,279 03         448,279        0       0
Hewlett Packard Co. Common USD0.01      428236103   19,475 1,141,932        0        0 1,141,932 01       1,141,932        0       0
Hewlett Packard Co. Common USD0.01      428236103    2,936   172,161        0        0   172,161 02         172,161        0       0
HIGHWOODS PROPERTIES INC                431284108      548    16,800        0        0    16,800 03          16,800        0       0
HILLSHIRE BRANDS CO                     432589109    2,142    80,000        0        0    80,000 03          80,000        0       0
Hillshire Brands Co. Com. USD 0.01      432589109   13,733   512,800        0        0   512,800 01         512,800        0       0
Hillshire Brands Co. Com. USD 0.01      432589109      295    11,000        0        0    11,000 01          11,000        0       0
Hillshire Brands Co. Com. USD 0.01      432589109    2,011    75,078        0        0    75,078 02          75,078        0       0
HJ HEINZ CO                             423074103    1,238    22,120        0        0    22,120 03          22,120        0       0
HJ Heinz Co. Common USD0.25             423074103   13,613   243,300        0        0   243,300 01         243,300        0       0
HOLLYFRONTIER CORP                      436106108      202     4,900        0        0     4,900 03           4,900        0       0
HOLOGIC INC                             436440101      737    36,412        0        0    36,412 03          36,412        0       0
                                                 ---------
                                                    91,526

Form 13F Information Table
GAM Holding AG
Page 24 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Hologic Inc. 2% Step Cv. 15-12-203      436440AB7    1,682 1,500,000        0        0 1,500,000 01       1,500,000        0       0
Hologic Inc. Common USD0.01             436440101    2,235   110,510        0        0   110,510 01         110,510        0       0
HOME DEPOT INC                          437076102   20,264   335,665        0        0   335,665 03         335,665        0       0
Home Depot Incorporated Common USD      437076102    8,294   137,390        0        0   137,390 01         137,390        0       0
HOME INNS & HOTELS MANAG-ADR            43713W107      719    29,000        0        0    29,000 03          29,000        0       0
HOME PROPERTIES INC                     437306103      631    10,300        0        0    10,300 03          10,300        0       0
HONEYWELL INTERNATIONAL INC             438516106    5,581    93,400        0        0    93,400 03          93,400        0       0
Honeywell Intl Inc Com USD1             438516106      657    11,000        0        0    11,000 01          11,000        0       0
HORMEL FOODS CORP                       440452100       82     2,800        0        0     2,800 03           2,800        0       0
HOSPIRA INC                             441060100    1,726    52,580        0        0    52,580 03          52,580        0       0
HOSPITALITY PROPERTIES TRUST            44106M102      614    25,810        0        0    25,810 03          25,810        0       0
HOST HOTELS & RESORTS INC               44107P104    2,777   173,034        0        0   173,034 03         173,034        0       0
HUDSON CITY BANCORP INC                 443683107      181    22,800        0        0    22,800 03          22,800        0       0
HUMANA INC                              444859102    4,034    57,500        0        0    57,500 03          57,500        0       0
HUNT (JB) TRANSPRT SVCS INC             445658107      120     2,300        0        0     2,300 03           2,300        0       0
HUNTINGTON BANCSHARES INC               446150104      660    95,616        0        0    95,616 04          95,616        0       0
Huntsman Corporation Common USD0.0      447011107   10,821   725,000        0        0   725,000 01         725,000        0       0
IAC/InterActiveCorp Common USD0.01      44919P508      889    17,080        0        0    17,080 01          17,080        0       0
ICICI BANK LTD-SPON ADR                 45104G104      498    12,400        0        0    12,400 03          12,400        0       0
ICU Medical Incorporated Common US      44930G107    9,069   150,000        0        0   150,000 01         150,000        0       0
IHS INC-CLASS A                         451734107    1,733    17,800        0        0    17,800 03          17,800        0       0
IHS Inc. Common USD0.01 Class A         451734107    1,637    16,820        0        0    16,820 01          16,820        0       0
Illinois Tool Works Common USD0.01      452308109      196     3,300        0        0     3,300 01           3,300        0       0
ILLINOIS TOOL WORKS                     452308109    1,445    24,300        0        0    24,300 03          24,300        0       0
ILLUMINA INC                            452327109    1,085    22,500        0        0    22,500 03          22,500        0       0
IMMUNOGEN INC                           45253H101      115     7,900        0        0     7,900 03           7,900        0       0
                                                 ---------
                                                    77,745

Form 13F Information Table
GAM Holding AG
Page 25 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
INCYTE CORP                             45337C102      498    27,600        0        0    27,600 03          27,600        0       0
INDIA FUND INC                          454089103       38     1,617        0        0     1,617 03           1,617        0       0
Infinity Property & Casualty Commo      45665Q103    7,553   125,000        0        0   125,000 01         125,000        0       0
INFOSYS LTD-SP ADR                      456788108    5,224   107,630        0        0   107,630 03         107,630        0       0
INGERSOLL-RAND PLC                      G47791101      296     6,598        0        0     6,598 03           6,598        0       0
INLAND REAL ESTATE CORP                 457461200      139    16,900        0        0    16,900 03          16,900        0       0
INSULET CORP                            45784P101    1,187    55,000        0        0    55,000 03          55,000        0       0
INTEGRATED DEVICE TECH INC              458118106      294    50,000        0        0    50,000 03          50,000        0       0
INTEGRYS ENERGY GROUP INC               45822P105       73     1,400        0        0     1,400 03           1,400        0       0
Intel Corp 3.25% Cv. 01-08-2039         458140AF7   24,33519,540,000        0        019,540,000 01      19,540,000        0       0
INTEL CORP                              458140100   37,626 1,658,997        0        0 1,658,997 03       1,658,997        0       0
INTERCONTINENTALEXCHANGE INC            45865V100    1,147     8,600        0        0     8,600 03           8,600        0       0
INTERCONTINENTALEXCHANGE INC            45865V100      455     3,415        0        0     3,415 04           3,415        0       0
Intermec Incorporated Common USD0.      458786100       62    10,000        0        0    10,000 01          10,000        0       0
Internap Network Services Common U      45885A300      212    30,000        0        0    30,000 01          30,000        0       0
INTERNATIONAL PAPER CO                  460146103    2,147    59,100        0        0    59,100 03          59,100        0       0
INTERPUBLIC GROUP OF COS INC            460690100       97     8,700        0        0     8,700 03           8,700        0       0
INTL BUSINESS MACHINES CORP             459200101   59,299   285,847        0        0   285,847 03         285,847        0       0
INTL FLAVORS & FRAGRANCES               459506101      113     1,900        0        0     1,900 03           1,900        0       0
INTL GAME TECHNOLOGY                    459902102      336    25,700        0        0    25,700 03          25,700        0       0
Intl. Business Machines Corp. Com       459200101    7,057    34,020        0        0    34,020 01          34,020        0       0
INTUIT INC                              461202103    2,326    39,500        0        0    39,500 03          39,500        0       0
INTUITIVE SURGICAL INC                  46120E602    5,823    11,748        0        0    11,748 03          11,748        0       0
InvenSense Inc. Com. 0.001              46123D205    2,989   250,000        0        0   250,000 01         250,000        0       0
                                                 ---------
                                                   159,325

Form 13F Information Table
GAM Holding AG
Page 26 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
INVESTORS REAL ESTATE TRUST             461730103      241    29,200        0        0    29,200 03          29,200        0       0
IPATH MSCI INDIA INDEX ETN              06739F291      831    14,154        0        0    14,154 03          14,154        0       0
IRON MOUNTAIN INC                       462846106       99     2,903        0        0     2,903 03           2,903        0       0
Ishares FTSE China 25 Index Fund        464287184      484    14,000        0        0    14,000 01          14,000        0       0
ISHARES FTSE CHINA 25 INDEX             464287184    1,513    43,715        0        0    43,715 03          43,715        0       0
ISHARES IBOXX H/Y CORP BOND             464288513      462     5,000        0        0     5,000 03           5,000        0       0
ISHARES MSCI ASIA EX-JAPAN              464288182      113     2,000        0        0     2,000 03           2,000        0       0
ISHARES MSCI AUSTRALIA INDEX            464286103    2,481   104,285        0        0   104,285 03         104,285        0       0
ISHARES MSCI BRAZIL                     464286400    2,034    37,637        0        0    37,637 03          37,637        0       0
ISHARES MSCI EMERGING MKT IN            464287234   11,842   286,590        0        0   286,590 03         286,590        0       0
ISHARES MSCI HONG KONG INDEX            464286871   10,045   551,909        0        0   551,909 03         551,909        0       0
ISHARES MSCI INDONESIA INVES            46429B309   11,772   394,100        0        0   394,100 03         394,100        0       0
ISHARES MSCI MALAYSIA                   464286830   12,817   879,703        0        0   879,703 03         879,703        0       0
ISHARES MSCI MEXICO INVESTAB            464286822    4,657    71,219        0        0    71,219 03          71,219        0       0
ISHARES MSCI PACIFIC EX JPN             464286665   10,925   245,010        0        0   245,010 03         245,010        0       0
ISHARES MSCI SINGAPORE                  464286673    7,699   574,148        0        0   574,148 03         574,148        0       0
ISHARES MSCI SOUTH AFRICA               464286780    7,374   110,473        0        0   110,473 03         110,473        0       0
ISHARES MSCI SOUTH KOREA IND            464286772    2,277    38,500        0        0    38,500 03          38,500        0       0
iShares MSCI South Korea Index Fun      464286772      414     7,000        0        0     7,000 01           7,000        0       0
ISHARES MSCI SWEDEN INDEX FD            464286756    5,792   204,955        0        0   204,955 03         204,955        0       0
ISHARES MSCI TAIWAN INDEX FD            464286731    5,042   377,410        0        0   377,410 03         377,410        0       0
ISHARES MSCI THAILAND INVSTB            464286624    6,673    88,000        0        0    88,000 03          88,000        0       0
ISHARES NASDAQ BIOTECH INDX             464287556      856     6,000        0        0     6,000 03           6,000        0       0
ISHARES S&P LATIN AMERICA 40            464287390      170     4,000        0        0     4,000 03           4,000        0       0
ISIS PHARMACEUTICALS INC                464330109       84     6,000        0        0     6,000 03           6,000        0       0
                                                 ---------
                                                   106,698

Form 13F Information Table
GAM Holding AG
Page 27 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
ITAU UNIBANCO HLDNG-PREF ADR            465562106    7,733   506,074        0        0   506,074 03         506,074        0       0
Itau Unibanco Holding Pref. ADR (1      465562106      611    40,000        0        0    40,000 01          40,000        0       0
ITC HOLDINGS CORP                       465685105      537     7,100        0        0     7,100 03           7,100        0       0
ITRON INC                               465741106    4,207    97,500        0        0    97,500 03          97,500        0       0
Itron Inc. Com. NPV                     465741106   10,834   251,208        0        0   251,208 01         251,208        0       0
ITT Corp-W/I Com. NPV                   450911201      141     7,000        0        0     7,000 01           7,000        0       0
J.C. PENNEY CO INC                      708160106       92     3,800        0        0     3,800 03           3,800        0       0
J.P. Morgan Chase & Co. Com. USD1.      46625H100      496    12,250        0        0    12,250 01          12,250        0       0
J.P. Morgan Chase & Co. Com. USD1.      46625H100      385     9,500        0        0     9,500 01           9,500        0       0
JABIL CIRCUIT INC                       466313103      562    30,000        0        0    30,000 03          30,000        0       0
Jabil Circuit Inc. Com. USD0.001        466313103      101     5,420        0        0     5,420 01           5,420        0       0
JACOBS ENGINEERING GROUP INC            469814107    3,081    76,205        0        0    76,205 03          76,205        0       0
Janus Capital Group Inc. Com. USD       47102X105      189    20,000        0        0    20,000 01          20,000        0       0
JC Penney Co Inc Com. USD 0.50          708160106      357    14,700        0        0    14,700 01          14,700        0       0
JDS UNIPHASE CORP                       46612J507    2,105   170,000        0        0   170,000 03         170,000        0       0
JDS Uniphase Corp. Common USD0.001      46612J507      638    51,498        0        0    51,498 01          51,498        0       0
JM SMUCKER CO/THE                       832696405    1,459    16,902        0        0    16,902 03          16,902        0       0
Johnson & Johnson Common USD1.00        478160104   12,562   182,290        0        0   182,290 01         182,290        0       0
JOHNSON & JOHNSON                       478160104   51,367   745,415        0        0   745,415 03         745,415        0       0
JOHNSON CONTROLS INC                    478366107    7,343   268,000        0        0   268,000 03         268,000        0       0
Johnson Controls Inc. Common USD0.      478366107    4,164   151,978        0        0   151,978 01         151,978        0       0
JONES LANG LASALLE INC                  48020Q107    2,844    37,250        0        0    37,250 03          37,250        0       0
JOY GLOBAL INC                          481165108    2,259    40,300        0        0    40,300 03          40,300        0       0
JPMORGAN CHASE & CO                     46625H100   41,729 1,030,849        0        0 1,030,849 03       1,030,849        0       0
JUNIPER NETWORKS INC                    48203R104    2,577   150,600        0        0   150,600 03         150,600        0       0
                                                 ---------
                                                   158,372

Form 13F Information Table
GAM Holding AG
Page 28 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Kaman Corporation Common USD1.00        483548103      323     9,000        0        0     9,000 01           9,000        0       0
Kansas City Southern Com. USD0.01       485170302      182     2,400        0        0     2,400 01           2,400        0       0
KANSAS CITY SOUTHERN                    485170302      152     2,000        0        0     2,000 03           2,000        0       0
Kayak Software Corp. Com. USD0.001      486577109    2,335    66,100        0        0    66,100 01          66,100        0       0
KBR INC                                 48242W106       83     2,800        0        0     2,800 03           2,800        0       0
KELLOGG CO                              487836108      796    15,400        0        0    15,400 03          15,400        0       0
KEYCORP                                 493267108      156    17,800        0        0    17,800 03          17,800        0       0
KEYCORP                                 493267108      654    74,886        0        0    74,886 04          74,886        0       0
KILROY REALTY CORP                      49427F108      701    15,660        0        0    15,660 03          15,660        0       0
KIMBERLY-CLARK CORP                     494368103    2,838    33,085        0        0    33,085 03          33,085        0       0
Kimberly-Clark Corporation Com. US      494368103    6,413    74,760        0        0    74,760 01          74,760        0       0
KIMCO REALTY CORP                       49446R109    1,913    94,400        0        0    94,400 03          94,400        0       0
KINDER MORGAN INC                       49456B101      352     9,900        0        0     9,900 03           9,900        0       0
Kinder Morgan Inc/Delaware Com. US      49456B101      284     8,000        0        0     8,000 01           8,000        0       0
KINDER MORGAN MANAGEMENT LLC            49455U100       83     1,086        0        0     1,086 03           1,086        0       0
KIOR INC - CL A                         497217109      259    27,800        0        0    27,800 03          27,800        0       0
KITE REALTY GROUP TRUST                 49803T102      126    24,800        0        0    24,800 03          24,800        0       0
KLA-TENCOR CORPORATION                  482480100    1,589    33,300        0        0    33,300 03          33,300        0       0
KODIAK OIL & GAS CORP                   50015Q100       87     9,300        0        0     9,300 03           9,300        0       0
KOHLS CORP                              500255104    2,120    41,382        0        0    41,382 03          41,382        0       0
KOREA ELEC POWER CORP-SP ADR            500631106    4,576   368,475        0        0   368,475 03         368,475        0       0
KRAFT FOODS INC-CLASS A                 50075N104   16,366   395,802        0        0   395,802 03         395,802        0       0
KROGER CO                               501044101    1,700    72,200        0        0    72,200 03          72,200        0       0
KT CORP-SP ADR                          48268K101    7,244   463,047        0        0   463,047 03         463,047        0       0
L-3 COMMUNICATIONS HOLDINGS             502424104    6,942    96,800        0        0    96,800 03          96,800        0       0
LABORATORY CRP OF AMER HLDGS            50540R409    2,136    23,100        0        0    23,100 03          23,100        0       0
                                                 ---------
                                                    60,408

Form 13F Information Table
GAM Holding AG
Page 29 of 51
1                                  2    3         4        5         6                           7        8
                                                    Mkt
                                                   Value             -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP     $ x1000   # Shares     Sole   Shared     Other Managers      Sole   Shared    None
LAM RESEARCH CORP                       512807108     521     16,383        0        0    16,383 03          16,383        0       0
Lam Research Corp. 1.25% Cv. 15-05      512807AL2  13,568 14,000,000        0        014,000,000 01      14,000,000        0       0
Landstar System Inc. Common USD0.0      515098101     568     12,020        0        0    12,020 01          12,020        0       0
LAS VEGAS SANDS CORP                    517834107   1,492     32,172        0        0    32,172 03          32,172        0       0
Las Vegas Sands Corp. Com. USD0.00      517834107     464     10,000        0        0    10,000 01          10,000        0       0
LASALLE HOTEL PROPERTIES                517942108     518     19,400        0        0    19,400 03          19,400        0       0
LATAM AIRLINES GROUP-SP ADR             501723100     758     30,000        0        0    30,000 03          30,000        0       0
LEGG MASON INC                          524901105     318     12,900        0        0    12,900 03          12,900        0       0
LEGGETT & PLATT INC                     524660107      80      3,200        0        0     3,200 03           3,200        0       0
LENNAR CORP-A                           526057104   1,547     44,500        0        0    44,500 03          44,500        0       0
LEUCADIA NATIONAL CORP                  527288104      93      4,100        0        0     4,100 03           4,100        0       0
LEVEL 3 COMMUNICATIONS INC              52729N308      79      3,447        0        0     3,447 03           3,447        0       0
LEXINGTON REALTY TRUST                  529043101     333     34,521        0        0    34,521 03          34,521        0       0
LEXMARK INTERNATIONAL INC-A             529771107     334     15,000        0        0    15,000 03          15,000        0       0
LIBERTY GLOBAL INC-A                    530555101     184      3,025        0        0     3,025 03           3,025        0       0
LIBERTY GLOBAL INC-SERIES C             530555309     113      2,000        0        0     2,000 03           2,000        0       0
Liberty Global Inc. Class A Com. U      530555101     972     16,000        0        0    16,000 01          16,000        0       0
LIBERTY INTERACTIVE CORP-A              53071M104     235     12,700        0        0    12,700 03          12,700        0       0
Liberty Interactive Corp. A Com. U      53071M104      92      5,000        0        0     5,000 01           5,000        0       0
LIBERTY MEDIA CORP - LIBER-A            530322106     250      2,404        0        0     2,404 03           2,404        0       0
Liberty Media Corp - Liberty-A Com      530322106     508      4,881        0        0     4,881 01           4,881        0       0
LIBERTY PROPERTY TRUST                  531172104     939     25,900        0        0    25,900 03          25,900        0       0
Liberty Ventures Com. NPV NPR 17-1      53071M112       1         84        0        0        84 01              84        0       0
                                                 --------
                                                   23,967

Form 13F Information Table
GAM Holding AG
Page 30 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Liberty Ventures Com. NPV               53071M880      104     2,100        0        0     2,100 01           2,100        0       0
LIFE TECHNOLOGIES CORP                  53217V109    1,595    32,639        0        0    32,639 03          32,639        0       0
LIMITED BRANDS INC                      532716107    1,749    35,500        0        0    35,500 03          35,500        0       0
LINCOLN NATIONAL CORP                   534187109      704    29,100        0        0    29,100 03          29,100        0       0
LINDSAY CORP                            535555106    1,152    16,000        0        0    16,000 03          16,000        0       0
LINEAR TECHNOLOGY CORP                  535678106    2,153    67,600        0        0    67,600 03          67,600        0       0
LINKEDIN CORP - A                       53578A108      139     1,157        0        0     1,157 03           1,157        0       0
Linkedin Corp. A Com. USD0.0001         53578A108    3,293    27,350        0        0    27,350 01          27,350        0       0
LKQ CORP                                501889208    3,710   200,560        0        0   200,560 03         200,560        0       0
LOCKHEED MARTIN CORP                    539830109      570     6,100        0        0     6,100 03           6,100        0       0
LOEWS CORP                              540424108      268     6,500        0        0     6,500 03           6,500        0       0
LORILLARD INC                           544147101    1,147     9,853        0        0     9,853 03           9,853        0       0
Louisiana-Pacific Corp. Com. USD 1      546347105    1,007    80,595        0        0    80,595 01          80,595        0       0
Lowe's Companies Inc. Common USD0.      548661107      379    12,540        0        0    12,540 01          12,540        0       0
LOWE'S COS INC                          548661107    4,692   155,154        0        0   155,154 03         155,154        0       0
LSB INDUSTRIES INC                      502160104    4,387   100,000        0        0   100,000 03         100,000        0       0
LSI CORP                                502161102      496    71,800        0        0    71,800 03          71,800        0       0
LTC PROPERTIES INC                      502175102      182     5,700        0        0     5,700 03           5,700        0       0
LULULEMON ATHLETICA INC                 550021109      148     2,000        0        0     2,000 03           2,000        0       0
M & T BANK CORP                         55261F104      219     2,300        0        0     2,300 03           2,300        0       0
MACERICH CO/THE                         554382101    1,746    30,505        0        0    30,505 03          30,505        0       0
MACK-CALI REALTY CORP                   554489104      478    17,960        0        0    17,960 03          17,960        0       0
MACY'S INC                              55616P104    1,448    38,500        0        0    38,500 03          38,500        0       0
Madison Square Garden Co. A NPV         55826P100      443    11,000        0        0    11,000 01          11,000        0       0
MANPOWER INC                            56418H100       70     1,900        0        0     1,900 03           1,900        0       0
                                                 ---------
                                                    32,279

Form 13F Information Table
GAM Holding AG
Page 31 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
MARATHON OIL CORP                       565849106    3,859   130,490        0        0   130,490 03         130,490        0       0
MARATHON PETROLEUM CORP                 56585A102    7,078   129,650        0        0   129,650 03         129,650        0       0
MARKET VECTORS BRAZIL SM-CAP            57060U613       11       269        0        0       269 03             269        0       0
Market Vectors Brazil Small-Cap ET      57060U613    1,044    25,550        0        0    25,550 01          25,550        0       0
MARKET VECTORS GOLD MINERS              57060U100    6,982   130,000        0        0   130,000 03         130,000        0       0
MARKET VECTORS INDONESIA IND            57060U753       68     2,384        0        0     2,384 03           2,384        0       0
MARKET VECTORS JR GOLD MINER            57060U589    6,922   280,000        0        0   280,000 03         280,000        0       0
MARKET VECTORS RUSSIA ETF               57060U506       86     3,000        0        0     3,000 03           3,000        0       0
MARRIOTT INTERNATIONAL-CL A             571903202    1,817    46,462        0        0    46,462 03          46,462        0       0
MARSH & MCLENNAN COS                    571748102    2,874    84,700        0        0    84,700 03          84,700        0       0
MARTIN MARIETTA MATERIALS               573284106       75       900        0        0       900 03             900        0       0
MARVELL TECHNOLOGY GROUP LTD            G5876H105       97    10,600        0        0    10,600 03          10,600        0       0
MASCO CORP                              574599106      134     8,900        0        0     8,900 03           8,900        0       0
MASTEC INC                              576323109    1,182    60,000        0        0    60,000 03          60,000        0       0
MASTERCARD INC-CLASS A                  57636Q104   13,854    30,685        0        0    30,685 03          30,685        0       0
Mastercard Inc. Class A Com. USD0.      57636Q104    1,896     4,200        0        0     4,200 01           4,200        0       0
Materion Corp. Common NPV               576690101      238    10,000        0        0    10,000 01          10,000        0       0
MATTEL INC                              577081102    2,892    81,500        0        0    81,500 03          81,500        0       0
MAXIM INTEGRATED PRODUCTS               57772K101      181     6,800        0        0     6,800 03           6,800        0       0
MCCORMICK & CO-NON VTG SHRS             579780206      161     2,600        0        0     2,600 03           2,600        0       0
McDermott International Inc. Com.       580037109      597    48,820        0        0    48,820 01          48,820        0       0
MCDONALD'S CORP                         580135101   31,429   342,512        0        0   342,512 03         342,512        0       0
McDonald's Corporation Common USD0      580135101   13,785   150,250        0        0   150,250 01         150,250        0       0
MCGRAW-HILL COMPANIES INC               580645109      297     5,435        0        0     5,435 03           5,435        0       0
McGraw-Hill Companies Inc. Common       580645109   14,384   263,460        0        0   263,460 01         263,460        0       0
                                                 ---------
                                                   111,940

Form 13F Information Table
GAM Holding AG
Page 32 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
MCKESSON CORP                           58155Q103    2,915    33,884        0        0    33,884 03          33,884        0       0
MDU RESOURCES GROUP INC                 552690109       69     3,115        0        0     3,115 03           3,115        0       0
MEAD JOHNSON NUTRITION CO               582839106    2,525    34,459        0        0    34,459 03          34,459        0       0
Mead Johnson Nutrition Co. Com. US      582839106      403     5,500        0        0     5,500 01           5,500        0       0
MEADWESTVACO CORP                       583334107       98     3,200        0        0     3,200 03           3,200        0       0
MECHEL-SPONSORED ADR                    583840103      165    23,400        0        0    23,400 03          23,400        0       0
Media General Inc. Cls. A Common U      584404107       67    13,000        0        0    13,000 01          13,000        0       0
MEDICAL PROPERTIES TRUST INC            58463J304      320    30,590        0        0    30,590 03          30,590        0       0
Medicis Pharmaceutical Corp Com. U      584690309      433    10,000        0        0    10,000 01          10,000        0       0
MEDIVATION INC                          58501N101      338     6,000        0        0     6,000 03           6,000        0       0
MEDTRONIC INC                           585055106   10,440   242,104        0        0   242,104 03         242,104        0       0
Medtronic Incorporated Common USD0      585055106   15,218   352,970        0        0   352,970 01         352,970        0       0
Mellanox Technologies Com. ILS0.01      M51363113    2,828    27,851        0        0    27,851 01          27,851        0       0
Merck & Co. Inc. Common USD0.01         58933Y105    1,492    33,080        0        0    33,080 01          33,080        0       0
MERCK & CO. INC.                        58933Y105   36,263   804,058        0        0   804,058 03         804,058        0       0
Meritor Inc. Common USD1.00             59001K100      423    99,561        0        0    99,561 01          99,561        0       0
Methanex Corporation Common NPV         59151K108      604    21,172        0        0    21,172 01          21,172        0       0
METLIFE INC                             59156R108    5,277   153,143        0        0   153,143 03         153,143        0       0
METROPCS COMMUNICATIONS INC             591708102       50     4,300        0        0     4,300 03           4,300        0       0
MGM RESORTS INTERNATIONAL               552953101       83     7,700        0        0     7,700 03           7,700        0       0
MICROCHIP TECHNOLOGY INC                595017104      147     4,500        0        0     4,500 03           4,500        0       0
MICRON TECHNOLOGY INC                   595112103      148    24,755        0        0    24,755 03          24,755        0       0
MICROSOFT CORP                          594918104   66,269 2,225,180        0        0 2,225,180 03       2,225,180        0       0
Microsoft Corporation Com. USD0.00      594918104    6,353   213,500        0        0   213,500 01         213,500        0       0
MID-AMERICA APARTMENT COMM              59522J103      607     9,300        0        0     9,300 03           9,300        0       0
                                                 ---------
                                                   153,534

Form 13F Information Table
GAM Holding AG
Page 33 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Millicom Intl Cellular SA Com. USD      L6388F110      743     8,000        0        0     8,000 01           8,000        0       0
MINDRAY MEDICAL INTL LTD-ADR            602675100      336    10,000        0        0    10,000 03          10,000        0       0
MOBILE TELESYSTEMS-SP ADR               607409109    5,491   313,420        0        0   313,420 03         313,420        0       0
Mobile Telesystems Spon. ADR (1 Re      607409109      356    20,300        0        0    20,300 01          20,300        0       0
Modine Manufacturing Co. Common US      607828100      694    94,005        0        0    94,005 01          94,005        0       0
MOHAWK INDUSTRIES INC                   608190104       80     1,000        0        0     1,000 03           1,000        0       0
MOLEX INC                               608554101    1,204    45,800        0        0    45,800 03          45,800        0       0
MOLSON COORS BREWING CO -B              60871R209      133     2,948        0        0     2,948 03           2,948        0       0
Molson Coors Brewing Co. Cv. 2.5%       60871RAA8   10,87810,500,000        0        010,500,000 01      10,500,000        0       0
Molycorp Inc. Common NPV                608753109      758    65,845        0        0    65,845 01          65,845        0       0
Moneygram International Inc. Com.       60935Y208       78     5,250        0        0     5,250 01           5,250        0       0
MONSANTO CO                             61166W101    8,363    91,882        0        0    91,882 03          91,882        0       0
Monsanto Company Common USD0.01         61166W101      575     6,316        0        0     6,316 01           6,316        0       0
MONSTER BEVERAGE CORP                   611740101    1,775    32,768        0        0    32,768 03          32,768        0       0
MOODY'S CORP                            615369105      225     5,100        0        0     5,100 03           5,100        0       0
Morgan Stanley Common USD0.01           617446448      117     7,000        0        0     7,000 01           7,000        0       0
MORGAN STANLEY INDIA INVEST             61745C105      629    36,000        0        0    36,000 03          36,000        0       0
MORGAN STANLEY                          617446448    2,965   177,139        0        0   177,139 03         177,139        0       0
Mosaic Co. (The) Common NPV             61945C103   12,718   220,758        0        0   220,758 01         220,758        0       0
MOTOROLA SOLUTIONS INC                  620076307    1,499    29,655        0        0    29,655 03          29,655        0       0
Mueller Industries Inc. Com. USD0.      624756102       45     1,000        0        0     1,000 01           1,000        0       0
MURPHY OIL CORP                         626717102      414     7,712        0        0     7,712 03           7,712        0       0
MYLAN INC                               628530107      986    40,400        0        0    40,400 03          40,400        0       0
MYR GROUP INC/DELAWARE                  55405W104      567    28,400        0        0    28,400 03          28,400        0       0
NABORS INDUSTRIES LTD                   G6359F103      794    56,600        0        0    56,600 03          56,600        0       0
                                                 ---------
                                                    52,424

Form 13F Information Table
GAM Holding AG
Page 34 of 51
1                                  2    3         4        5         6                           7        8
                                                    Mkt
                                                   Value             -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP     $ x1000   # Shares     Sole   Shared     Other Managers      Sole   Shared    None
NASDAQ OMX GROUP/THE                    631103108   2,528    108,500        0        0   108,500 03         108,500        0       0
NASDAQ OMX GROUP/THE                    631103108     600     25,768        0        0    25,768 04          25,768        0       0
National Fuel Gas Co. Com. USD1.00      636180101   1,675     31,000        0        0    31,000 01          31,000        0       0
NATIONAL OILWELL VARCO INC              637071101   7,948     99,210        0        0    99,210 03          99,210        0       0
NATIONAL RETAIL PROPERTIES              637417106     759     24,900        0        0    24,900 03          24,900        0       0
NATL HEALTH INVESTORS INC               63633D104     360      7,000        0        0     7,000 03           7,000        0       0
Navistar Intl. Corporation Com. US      63934E108     337     16,000        0        0    16,000 01          16,000        0       0
NEKTAR THERAPEUTICS                     640268108     214     20,000        0        0    20,000 03          20,000        0       0
NETAPP INC                              64110D104     727     22,099        0        0    22,099 03          22,099        0       0
NETEASE INC-ADR                         64110W102     309      5,500        0        0     5,500 03           5,500        0       0
NETFLIX INC                             64110L106     267      4,900        0        0     4,900 03           4,900        0       0
NeuStar Inc. Com. USD 0.001             64126X201     204      5,100        0        0     5,100 01           5,100        0       0
Nevsun Resources Ltd. NPV               64156L101     704    150,000        0        0   150,000 01         150,000        0       0
NEW YORK COMMUNITY BANCORP              649445103     118      8,300        0        0     8,300 03           8,300        0       0
NEWELL RUBBERMAID INC                   651229106     109      5,700        0        0     5,700 03           5,700        0       0
NEWFIELD EXPLORATION CO                 651290108      94      3,000        0        0     3,000 03           3,000        0       0
Newmont Mining Corp 1.25% Cv. 15-0      651639AH9  25,525 18,960,000        0        018,960,000 01      18,960,000        0       0
Newmont Mining Corp 1.625% Cv. 15-      651639AJ5   7,257  5,000,000        0        0 5,000,000 01       5,000,000        0       0
NEWMONT MINING CORP                     651639106  27,778    495,955        0        0   495,955 03         495,955        0       0
Newmont Mining Corporation Com. US      651639106   1,877     33,500        0        0    33,500 01          33,500        0       0
NEWS CORP-B                             65248E203     248     10,000        0        0    10,000 03          10,000        0       0
NEWS CORP-CL A                          65248E104   7,214    294,079        0        0   294,079 03         294,079        0       0
News Corporation Inc. Cls A Com. U      65248E104     245     10,000        0        0    10,000 01          10,000        0       0
NEXTERA ENERGY INC                      65339F101   7,676    109,137        0        0   109,137 03         109,137        0       0
                                                 --------
                                                   94,770

Form 13F Information Table
GAM Holding AG
Page 35 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
NII HOLDINGS INC                        62913F201      105    13,400        0        0    13,400 03          13,400        0       0
NII Holdings Inc. Common USD.001        62913F201      180    23,000        0        0    23,000 01          23,000        0       0
NIKE INC -CL B                          654106103   16,673   175,670        0        0   175,670 03         175,670        0       0
NISOURCE INC                            65473P105      161     6,300        0        0     6,300 03           6,300        0       0
NOBLE ENERGY INC                        655044105      742     8,000        0        0     8,000 03           8,000        0       0
NORDSTROM INC                           655664100    3,807    69,000        0        0    69,000 03          69,000        0       0
NORFOLK SOUTHERN CORP                   655844108    6,807   106,975        0        0   106,975 03         106,975        0       0
NORTEL NETWORKS CORP                    656568508        0       190        0        0       190 03             190        0       0
NORTHEAST UTILITIES                     664397106      252     6,586        0        0     6,586 03           6,586        0       0
NORTHERN TRUST CORP                     665859104    1,388    29,900        0        0    29,900 03          29,900        0       0
Northern Trust Corp. Com. USD1.667      665859104      696    15,000        0        0    15,000 01          15,000        0       0
NORTHROP GRUMMAN CORP                   666807102      348     5,236        0        0     5,236 03           5,236        0       0
Nova Measuring Instruments Common       M7516K103      601    77,000        0        0    77,000 01          77,000        0       0
NRG ENERGY INC                          629377508       95     4,446        0        0     4,446 03           4,446        0       0
NUANCE COMMUNICATIONS INC               67020Y100      363    14,600        0        0    14,600 03          14,600        0       0
NUCOR CORP                              670346105    1,010    26,387        0        0    26,387 03          26,387        0       0
NVIDIA CORP                             67066G104    2,421   181,450        0        0   181,450 03         181,450        0       0
NXP Semiconductors NV Common NPV        N6596X109    2,501   100,000        0        0   100,000 01         100,000        0       0
NYSE EURONEXT                           629491101    2,517   102,100        0        0   102,100 03         102,100        0       0
O'REILLY AUTOMOTIVE INC                 67103H107      825     9,866        0        0     9,866 03           9,866        0       0
O'Reilly Automotive Inc. Com. USD0      67103H107      201     2,400        0        0     2,400 01           2,400        0       0
OASIS PETROLEUM INC                     674215108      177     6,000        0        0     6,000 03           6,000        0       0
OCCIDENTAL PETROLEUM CORP               674599105   19,868   230,857        0        0   230,857 03         230,857        0       0
OI SA-ADR                               670851104       61    12,326        0        0    12,326 03          12,326        0       0
OI SA-ADR                               670851203      508   126,342        0        0   126,342 03         126,342        0       0
                                                 ---------
                                                    62,305

Form 13F Information Table
GAM Holding AG
Page 36 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
OIL STATES INTERNATIONAL INC            678026105    1,152    14,500        0        0    14,500 03          14,500        0       0
OMEGA HEALTHCARE INVESTORS              681936100      450    19,800        0        0    19,800 03          19,800        0       0
OMNICARE INC                            681904108       85     2,500        0        0     2,500 03           2,500        0       0
Omnicom Group Inc Com. USD0.15          681919106   13,317   258,280        0        0   258,280 01         258,280        0       0
OMNICOM GROUP                           681919106    1,325    25,700        0        0    25,700 03          25,700        0       0
OMNIVISION TECHNOLOGIES INC             682128103      251    18,000        0        0    18,000 03          18,000        0       0
On Semiconductor Corp. Com. USD0.0      682189105      888   143,750        0        0   143,750 01         143,750        0       0
ONEOK INC                               682680103      242     5,000        0        0     5,000 03           5,000        0       0
ONYX PHARMACEUTICALS INC                683399109      676     8,000        0        0     8,000 03           8,000        0       0
OPTIMER PHARMACEUTICALS INC             68401H104      184    13,000        0        0    13,000 03          13,000        0       0
ORACLE CORP                             68389X105   46,637 1,481,003        0        0 1,481,003 03       1,481,003        0       0
OWENS-ILLINOIS INC                      690768403       56     3,000        0        0     3,000 03           3,000        0       0
Owens Corning Com. USD0.001             690742101      291     8,700        0        0     8,700 01           8,700        0       0
P G & E CORP                            69331C108    2,527    59,220        0        0    59,220 03          59,220        0       0
PACCAR INC                              693718108      413    10,325        0        0    10,325 03          10,325        0       0
PALL CORP                               696429307      138     2,178        0        0     2,178 03           2,178        0       0
Palo Alto Networks Inc Com. USD 0.      697435105    2,320    37,682        0        0    37,682 01          37,682        0       0
Pandora Media Inc Com. USD 0.0001       698354107      104     9,470        0        0     9,470 01           9,470        0       0
PARKER HANNIFIN CORP                    701094104    7,949    95,106        0        0    95,106 03          95,106        0       0
PARKWAY PROPERTIES INC                  70159Q104       72     5,400        0        0     5,400 03           5,400        0       0
Patterson-UTI Energy Inc. Com. USD      703481101    2,403   151,950        0        0   151,950 01         151,950        0       0
PATTERSON COS INC                       703395103       65     1,900        0        0     1,900 03           1,900        0       0
PAYCHEX INC                             704326107      240     7,200        0        0     7,200 03           7,200        0       0
PEABODY ENERGY CORP                     704549104    2,458   110,288        0        0   110,288 03         110,288        0       0
Peets Coffee & Tea Inc. Common NPV      705560100      176     2,400        0        0     2,400 01           2,400        0       0
                                                 ---------
                                                    84,419

Form 13F Information Table
GAM Holding AG
Page 37 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
PENN REAL ESTATE INVEST TST             709102107      254    16,000        0        0    16,000 03          16,000        0       0
Penske Auto Group Inc. Common USD0      70959W103   11,286   375,000        0        0   375,000 01         375,000        0       0
PEOPLE'S UNITED FINANCIAL               712704105       95     7,800        0        0     7,800 03           7,800        0       0
PEPCO HOLDINGS INC                      713291102       96     5,100        0        0     5,100 03           5,100        0       0
PEPSICO INC                             713448108   32,485   459,024        0        0   459,024 03         459,024        0       0
PepsiCo Incorporated Com. USD0.017      713448108   17,054   240,980        0        0   240,980 01         240,980        0       0
PERKINELMER INC                         714046109      589    20,000        0        0    20,000 03          20,000        0       0
PERRIGO CO                              714290103      209     1,800        0        0     1,800 03           1,800        0       0
PETROCHINA CO LTD -ADR                  71646E100      336     2,600        0        0     2,600 03           2,600        0       0
PETROLEO BRASILEIRO-SPON ADR            71654V101    7,021   318,145        0        0   318,145 03         318,145        0       0
Petroleo Brasileiro ADR (1 Rep. 2       71654V101    1,766    80,000        0        0    80,000 01          80,000        0       0
PETROLEO BRASILEIRO S.A.-ADR            71654V408    5,473   238,600        0        0   238,600 03         238,600        0       0
PETSMART INC                            716768106    3,753    54,404        0        0    54,404 03          54,404        0       0
PFIZER INC                              717081103   39,831 1,602,839        0        0 1,602,839 03       1,602,839        0       0
Pfizer Incorporated Common USD0.05      717081103  128,614 5,176,832        0        0 5,176,832 01       5,176,832        0       0
Pfizer Incorporated Common USD0.05      717081103   19,817   797,606        0        0   797,606 02         797,606        0       0
PHILIP MORRIS INTERNATIONAL             718172109   32,191   357,915        0        0   357,915 03         357,915        0       0
Phillips 66 Com. NPV                    718546104    2,319    50,000        0        0    50,000 01          50,000        0       0
PHILLIPS 66                             718546104    3,249    70,066        0        0    70,066 03          70,066        0       0
PIEDMONT OFFICE REALTY TRU-A            720190206      675    38,900        0        0    38,900 03          38,900        0       0
PINNACLE WEST CAPITAL                   723484101      121     2,300        0        0     2,300 03           2,300        0       0
PIONEER NATURAL RESOURCES CO            723787107    1,533    14,687        0        0    14,687 03          14,687        0       0
PIPER JAFFRAY COS                       724078100        0         8        0        0         8 03               8        0       0
PITNEY BOWES INC                        724479100       54     3,900        0        0     3,900 03           3,900        0       0
PLAINS EXPLORATION & PRODUCT            726505100      120     3,200        0        0     3,200 03           3,200        0       0
                                                 ---------
                                                   308,940

Form 13F Information Table
GAM Holding AG
Page 38 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
PLUM CREEK TIMBER CO                    729251108    3,311    75,524        0        0    75,524 03          75,524        0       0
PMC - SIERRA INC                        69344F106      282    50,000        0        0    50,000 03          50,000        0       0
PNC FINANCIAL SERVICES GROUP            693475105    5,178    82,068        0        0    82,068 03          82,068        0       0
PNC Financial Services Grp. Com. U      693475105      631    10,000        0        0    10,000 01          10,000        0       0
Polypore International Inc. Com. U      73179V103    1,297    36,700        0        0    36,700 01          36,700        0       0
POSCO-ADR                               693483109      367     4,500        0        0     4,500 03           4,500        0       0
Post Holdings Inc. Com. NPV             737446104      105     3,500        0        0     3,500 01           3,500        0       0
POST PROPERTIES INC                     737464107      542    11,300        0        0    11,300 03          11,300        0       0
Power-One Inc.Com USD0.001              73930R102    6,423 1,150,000        0        0 1,150,000 01       1,150,000        0       0
POWER INTEGRATIONS INC                  739276103      599    19,672        0        0    19,672 03          19,672        0       0
POWERSHARES DB COMMODITY IND            73935S105    1,434    50,000        0        0    50,000 03          50,000        0       0
POWERSHARES QQQ NASDAQ 100              73935A104    3,126    45,585        0        0    45,585 03          45,585        0       0
PPG INDUSTRIES INC                      693506107      379     3,300        0        0     3,300 03           3,300        0       0
PPG Industries Inc. Common USD1.67      693506107       98       850        0        0       850 01             850        0       0
PPL CORPORATION                         69351T106    1,295    44,590        0        0    44,590 03          44,590        0       0
PRAXAIR INC                             74005P104    8,908    85,752        0        0    85,752 03          85,752        0       0
PRECISION CASTPARTS CORP                740189105      744     4,553        0        0     4,553 03           4,553        0       0
PRICELINE.COM INC                       741503403    4,176     6,750        0        0     6,750 03           6,750        0       0
Priceline.Com Inc. Com. USD0.008        741503403      929     1,500        0        0     1,500 01           1,500        0       0
PRICESMART INC                          741511109    1,060    14,000        0        0    14,000 03          14,000        0       0
PRINCIPAL FINANCIAL GROUP               74251V102      172     6,400        0        0     6,400 03           6,400        0       0
PROCTER & GAMBLE CO/THE                 742718109   35,653   514,032        0        0   514,032 03         514,032        0       0
Procter & Gamble Company Common US      742718109   13,548   195,330        0        0   195,330 01         195,330        0       0
PROGRESSIVE CORP                        743315103    1,520    73,300        0        0    73,300 03          73,300        0       0
PROLOGIS INC                            74340W103    5,247   149,781        0        0   149,781 03         149,781        0       0
                                                 ---------
                                                    97,025

Form 13F Information Table
GAM Holding AG
Page 39 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Prologis Inc. Common USD0.01            74340W103   11,610   331,428        0        0   331,428 01         331,428        0       0
PRUDENTIAL FINANCIAL INC                744320102    7,317   134,228        0        0   134,228 03         134,228        0       0
PS BUSINESS PARKS INC/CA                69360J107      290     4,340        0        0     4,340 03           4,340        0       0
PUBLIC SERVICE ENTERPRISE GP            744573106    1,316    40,900        0        0    40,900 03          40,900        0       0
PUBLIC STORAGE                          74460D109    4,816    34,602        0        0    34,602 03          34,602        0       0
Pulte Group Inc. Common USD0.01         745867101       30     1,950        0        0     1,950 01           1,950        0       0
PULTEGROUP INC                          745867101    1,550   100,000        0        0   100,000 03         100,000        0       0
PVH CORP                                693656100      111     1,184        0        0     1,184 03           1,184        0       0
PVH Corp. Common USD1.00                693656100      886     9,450        0        0     9,450 01           9,450        0       0
QEP RESOURCES INC                       74733V100      127     4,000        0        0     4,000 03           4,000        0       0
QUALCOMM INC                            747525103   38,704   619,373        0        0   619,373 03         619,373        0       0
Qualcomm Inc. Com. USD0.0001            747525103   16,295   260,840        0        0   260,840 01         260,840        0       0
QUANTA SERVICES INC                     74762E102    3,705   150,000        0        0   150,000 03         150,000        0       0
Quanta Services Inc. Common USD0.0      74762E102    4,939   200,000        0        0   200,000 01         200,000        0       0
QUEST DIAGNOSTICS INC                   74834L100    1,808    28,500        0        0    28,500 03          28,500        0       0
QUESTCOR PHARMACEUTICALS                74835Y101      407    22,000        0        0    22,000 03          22,000        0       0
QUIMICA Y MINERA CHIL-SP ADR            833635105    1,590    25,800        0        0    25,800 03          25,800        0       0
R.R. Donnelley & Sons Co. Comm. US      257867101    2,120   200,000        0        0   200,000 01         200,000        0       0
RACKSPACE HOSTING INC                   750086100      150     2,274        0        0     2,274 03           2,274        0       0
RALCORP HOLDINGS INC                    751028101       80     1,100        0        0     1,100 03           1,100        0       0
Ralcorp Holdings Inc. Common USD0.      751028101      256     3,500        0        0     3,500 01           3,500        0       0
RALPH LAUREN CORP                       751212101   11,055    73,100        0        0    73,100 03          73,100        0       0
RAMCO-GERSHENSON PROPERTIES             751452202      153    12,180        0        0    12,180 03          12,180        0       0
RANDGOLD RESOURCES LTD-ADR              752344309    3,186    25,900        0        0    25,900 03          25,900        0       0
RANGE RESOURCES CORP                    75281A109    2,356    33,719        0        0    33,719 03          33,719        0       0
                                                 ---------
                                                   114,855

Form 13F Information Table
GAM Holding AG
Page 40 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
RAYONIER INC                            754907103      118     2,400        0        0     2,400 03           2,400        0       0
Rayonier Inc. Com. NPV                  754907103      610    12,450        0        0    12,450 01          12,450        0       0
RAYTHEON COMPANY                        755111507      417     7,296        0        0     7,296 03           7,296        0       0
REALTY INCOME CORP                      756109104    1,300    31,796        0        0    31,796 03          31,796        0       0
RED HAT INC                             756577102    1,811    31,800        0        0    31,800 03          31,800        0       0
REGAL-BELOIT CORP                       758750103      543     7,700        0        0     7,700 03           7,700        0       0
REGENCY CENTERS CORP                    758849103      950    19,500        0        0    19,500 03          19,500        0       0
REGENERON PHARMACEUTICALS               75886F107    1,143     7,488        0        0     7,488 03           7,488        0       0
REGIONS FINANCIAL CORP                  7591EP100      455    63,155        0        0    63,155 03          63,155        0       0
REGIS CORP                              758932107      791    43,040        0        0    43,040 03          43,040        0       0
REPUBLIC SERVICES INC                   760759100    1,601    58,215        0        0    58,215 03          58,215        0       0
Republic Services Inc. Common USD0      760759100      303    11,000        0        0    11,000 01          11,000        0       0
Retalix Limited ILS1.00                 M8215W109      597    29,021        0        0    29,021 01          29,021        0       0
REYNOLDS AMERICAN INC                   761713106    1,907    44,000        0        0    44,000 03          44,000        0       0
RF Micro Devices Inc. Com. NPV          749941100      382    96,905        0        0    96,905 01          96,905        0       0
RIO TINTO PLC-SPON ADR                  767204100      835    17,850        0        0    17,850 03          17,850        0       0
ROBERT HALF INTL INC                    770323103    1,425    53,500        0        0    53,500 03          53,500        0       0
ROCK-TENN COMPANY -CL A                 772739207       94     1,300        0        0     1,300 03           1,300        0       0
Rock Tenn Company Cl. A Com. USD0.      772739207    1,060    14,690        0        0    14,690 01          14,690        0       0
ROCKWELL AUTOMATION INC                 773903109      988    14,200        0        0    14,200 03          14,200        0       0
Rockwell Automation Inc. Common US      773903109   11,108   159,705        0        0   159,705 01         159,705        0       0
ROCKWELL COLLINS INC                    774341101      172     3,200        0        0     3,200 03           3,200        0       0
ROPER INDUSTRIES INC                    776696106    2,593    23,600        0        0    23,600 03          23,600        0       0
Rosetta Resources Inc. Common USD0      777779307      411     8,580        0        0     8,580 01           8,580        0       0
ROSS STORES INC                         778296103    7,435   115,100        0        0   115,100 03         115,100        0       0
                                                 ---------
                                                    39,048

Form 13F Information Table
GAM Holding AG
Page 41 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
Rovi Corp. Com. USD0.001                779376102        2       107        0        0       107 01             107        0       0
Royal Bk. of Scot. Grp. 6.4% Pfd.       780097796      302    14,800        0        0    14,800 01          14,800        0       0
Royal Bk. of Scotland 7.25% Pfd. P      780097713      109     4,800        0        0     4,800 01           4,800        0       0
ROYAL GOLD INC                          780287108    2,646    26,500        0        0    26,500 03          26,500        0       0
RUBICON TECHNOLOGY INC                  78112T107      991   103,400        0        0   103,400 03         103,400        0       0
RYDER SYSTEM INC                        783549108      391    10,000        0        0    10,000 03          10,000        0       0
SAFEWAY INC                             786514208    1,976   122,790        0        0   122,790 03         122,790        0       0
SAIC INC                                78390X101       84     7,000        0        0     7,000 03           7,000        0       0
SALESFORCE.COM INC                      79466L302      413     2,704        0        0     2,704 03           2,704        0       0
Salesforce.com Inc. Common USD0.00      79466L302    1,467     9,610        0        0     9,610 01           9,610        0       0
SANDISK CORP                            80004C101    2,786    64,153        0        0    64,153 03          64,153        0       0
SanDisk Corporation Common USD0.00      80004C101    2,866    66,000        0        0    66,000 01          66,000        0       0
Sapient Corporation Common USD0.01      803062108      333    31,200        0        0    31,200 01          31,200        0       0
SASOL LTD-SPONSORED ADR                 803866300    1,493    33,500        0        0    33,500 03          33,500        0       0
SAUL CENTERS INC                        804395101      173     3,900        0        0     3,900 03           3,900        0       0
SBA COMMUNICATIONS CORP-CL A            78388J106      176     2,800        0        0     2,800 03           2,800        0       0
SCANA CORP                              80589M102      121     2,500        0        0     2,500 03           2,500        0       0
SCHLUMBERGER LTD                        806857108   24,549   339,408        0        0   339,408 03         339,408        0       0
SCHWAB (CHARLES) CORP                   808513105    1,434   112,100        0        0   112,100 03         112,100        0       0
Scripps Networks Inter-Cl A Com. U      811065101      122     2,000        0        0     2,000 01           2,000        0       0
SCRIPPS NETWORKS INTER-CL A             811065101      116     1,900        0        0     1,900 03           1,900        0       0
Seagate Technology Common USD0.000      G7945M107    1,858    60,000        0        0    60,000 01          60,000        0       0
SEAGATE TECHNOLOGY                      G7945M107      930    30,000        0        0    30,000 03          30,000        0       0
SEALED AIR CORP                         81211K100       51     3,300        0        0     3,300 03           3,300        0       0
SEARS HOLDINGS CORP                     812350106       50       900        0        0       900 03             900        0       0
                                                 ---------
                                                    45,440

Form 13F Information Table
GAM Holding AG
Page 42 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
SEATTLE GENETICS INC                    812578102      108     4,000        0        0     4,000 03           4,000        0       0
SEI INVESTMENTS COMPANY                 784117103       82     3,800        0        0     3,800 03           3,800        0       0
SEMPRA ENERGY                           816851109    3,605    55,900        0        0    55,900 03          55,900        0       0
SENIOR HOUSING PROP TRUST               81721M109      861    39,520        0        0    39,520 03          39,520        0       0
Sensient Technologies Corp. Com. U      81725T100      257     7,000        0        0     7,000 01           7,000        0       0
Sequans Communications ADR (1 Rep.      817323108      141    83,700        0        0    83,700 01          83,700        0       0
SEQUENOM INC                            817337405       61    17,300        0        0    17,300 03          17,300        0       0
Sherwin-Williams Co. Common USD1.0      824348106      208     1,400        0        0     1,400 01           1,400        0       0
SHERWIN-WILLIAMS CO/THE                 824348106    1,042     7,000        0        0     7,000 03           7,000        0       0
SHIRE PLC-ADR                           82481R106      532     6,000        0        0     6,000 03           6,000        0       0
Shutterfly Inc. Com USD0.0001           82568P304      309     9,930        0        0     9,930 01           9,930        0       0
SIGMA-ALDRICH                           826552101      309     4,300        0        0     4,300 03           4,300        0       0
SILGAN HOLDINGS INC                     827048109      226     5,200        0        0     5,200 03           5,200        0       0
SIMON PROPERTY GROUP INC                828806109   16,292   107,316        0        0   107,316 03         107,316        0       0
SIRIUS XM RADIO INC                     82967N108      200    76,771        0        0    76,771 03          76,771        0       0
SK TELECOM CO LTD-ADR                   78440P108    2,126   146,252        0        0   146,252 03         146,252        0       0
Skyworks Solutions Inc. Common USD      83088M102      699    29,650        0        0    29,650 01          29,650        0       0
SL GREEN REALTY CORP                    78440X101    1,711    21,366        0        0    21,366 03          21,366        0       0
SLM CORP                                78442P106      556    35,400        0        0    35,400 03          35,400        0       0
SOHU.COM INC                            83408W103      953    22,650        0        0    22,650 03          22,650        0       0
Solera Holdings Inc Com. USD 0.01       83421A104    1,392    31,720        0        0    31,720 01          31,720        0       0
SONOCO PRODUCTS CO                      835495102      620    20,000        0        0    20,000 03          20,000        0       0
SOUTHERN CO/THE                         842587107    3,771    81,817        0        0    81,817 03          81,817        0       0
SOUTHERN COPPER CORP                    84265V105    2,647    77,050        0        0    77,050 03          77,050        0       0
Southern Copper Corp. Common USD0.      84265V105      695    20,214        0        0    20,214 01          20,214        0       0
                                                 ---------
                                                    39,404

Form 13F Information Table
GAM Holding AG
Page 43 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
SOUTHWEST AIRLINES CO                   844741108      463    52,800        0        0    52,800 03          52,800        0       0
SOUTHWESTERN ENERGY CO                  845467109    5,533   159,100        0        0   159,100 03         159,100        0       0
SOVRAN SELF STORAGE INC                 84610H108      405     7,000        0        0     7,000 03           7,000        0       0
SPDR BARCLAYS CAPTL CONV SEC            78464A359    1,187    30,000        0        0    30,000 03          30,000        0       0
SPDR DJIA TRUST                         78467X109    1,689    12,601        0        0    12,601 03          12,601        0       0
SPDR S&P 500 ETF TRUST                  78462F103    6,472    45,010        0        0    45,010 03          45,010        0       0
SPDR S&P EMERGING ASIA PACIF            78463X301      585     8,031        0        0     8,031 03           8,031        0       0
SPDR S&P Homebuilders ETF               78464A888      273    10,800        0        0    10,800 01          10,800        0       0
SPDR S&P METALS & MINING ETF            78464A755    1,741    40,000        0        0    40,000 03          40,000        0       0
SPDR S&P REGIONAL BANKING               78464A698      228     7,900        0        0     7,900 03           7,900        0       0
SPECTRA ENERGY CORP                     847560109      436    14,850        0        0    14,850 03          14,850        0       0
SPRINT NEXTEL CORP                      852061100      363    65,800        0        0    65,800 03          65,800        0       0
Sprint Nextel Corp. Common USD2.00      852061100      578   104,660        0        0   104,660 01         104,660        0       0
SPX CORP                                784635104       65     1,000        0        0     1,000 03           1,000        0       0
ST JUDE MEDICAL INC                     790849103    2,743    65,107        0        0    65,107 03          65,107        0       0
St. Joe Corporation Common NPV          790148100    2,965   152,010        0        0   152,010 01         152,010        0       0
STANDARD PACIFIC CORP                   85375C101       95    14,000        0        0    14,000 03          14,000        0       0
STANLEY BLACK & DECKER INC              854502101    2,408    31,575        0        0    31,575 03          31,575        0       0
Stanley Black & Decker Inc. Com. U      854502101    1,231    16,150        0        0    16,150 01          16,150        0       0
STAPLES INC                             855030102    9,039   784,630        0        0   784,630 03         784,630        0       0
Staples Inc. Common USD0.0006           855030102    9,495   823,850        0        0   823,850 01         823,850        0       0
STARBUCKS CORP                          855244109   10,960   215,964        0        0   215,964 03         215,964        0       0
Starbucks Corp. Com. USD0.001           855244109      101     2,000        0        0     2,000 01           2,000        0       0
STARWOOD HOTELS & RESORTS               85590A401    1,188    20,500        0        0    20,500 03          20,500        0       0
STATE STREET CORP                       857477103    2,110    50,275        0        0    50,275 03          50,275        0       0
                                                 ---------
                                                    62,354

Form 13F Information Table
GAM Holding AG
Page 44 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
State Street Corp. Common USD1.00       857477103    1,114    26,491        0        0    26,491 01 04       26,491        0       0
STERICYCLE INC                          858912108      354     3,908        0        0     3,908 03           3,908        0       0
STERLITE INDUSTRIES INDI-ADR            859737207        9     1,200        0        0     1,200 03           1,200        0       0
STRATEGIC HOTELS & RESORTS I            86272T106      265    44,100        0        0    44,100 03          44,100        0       0
STRAYER EDUCATION INC                   863236105      450     7,000        0        0     7,000 03           7,000        0       0
STRYKER CORP                            863667101    5,639   101,320        0        0   101,320 03         101,320        0       0
SUN COMMUNITIES INC                     866674104      296     6,700        0        0     6,700 03           6,700        0       0
SUNSTONE HOTEL INVESTORS INC            867892101      304    27,637        0        0    27,637 03          27,637        0       0
SUNTECH POWER HOLDINGS-ADR              86800C104       82    95,000        0        0    95,000 03          95,000        0       0
SUNTRUST BANKS INC                      867914103    1,750    61,900        0        0    61,900 03          61,900        0       0
SUPERIOR ENERGY SERVICES INC            868157108       83     4,029        0        0     4,029 03           4,029        0       0
Superior Industries Intl. Common U      868168105      188    11,000        0        0    11,000 01          11,000        0       0
Supervalu Inc. Common USD1.00           868536103    2,121   882,279        0        0   882,279 01         882,279        0       0
Supervalu Inc. Common USD1.00           868536103      352   146,500        0        0   146,500 02         146,500        0       0
SUSQUEHANNA BANCSHARES INC              869099101      195    18,700        0        0    18,700 03          18,700        0       0
SYMANTEC CORP                           871503108    8,148   452,650        0        0   452,650 03         452,650        0       0
SYNAGEVA BIOPHARMA CORP                 87159A103      107     2,000        0        0     2,000 03           2,000        0       0
Synalloy Corporation Common USD1.0      871565107    1,390   100,000        0        0   100,000 01         100,000        0       0
SYNOPSYS INC                            871607107      102     3,100        0        0     3,100 03           3,100        0       0
SYNOVUS FINANCIAL CORP                  87161C105      433   182,500        0        0   182,500 03         182,500        0       0
SYSCO CORP                              871829107    2,602    83,215        0        0    83,215 03          83,215        0       0
T ROWE PRICE GROUP INC                  74144T108      342     5,400        0        0     5,400 03           5,400        0       0
Taiwan Semi. - SP ADR (1 Rep 5 Ord      874039100    1,013    64,000        0        0    64,000 01          64,000        0       0
TAIWAN SEMICONDUCTOR-SP ADR             874039100    1,867   118,000        0        0   118,000 03         118,000        0       0
TANGER FACTORY OUTLET CENTER            875465106      643    19,900        0        0    19,900 03          19,900        0       0
                                                 ---------
                                                    29,848

Form 13F Information Table
GAM Holding AG
Page 45 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
TARGET CORP                             87612E106    4,068    64,100        0        0    64,100 03          64,100        0       0
Target Corporation Common USD0.083      87612E106   14,162   223,150        0        0   223,150 01         223,150        0       0
TATA MOTORS LTD-SPON ADR                876568502      485    18,900        0        0    18,900 03          18,900        0       0
TAUBMAN CENTERS INC                     876664103      951    12,400        0        0    12,400 03          12,400        0       0
TD AMERITRADE HOLDING CORP              87236Y108       74     4,800        0        0     4,800 03           4,800        0       0
TECO ENERGY INC                         872375100      266    15,000        0        0    15,000 03          15,000        0       0
Telephone And Data Systems USD0.01      879433829      769    30,000        0        0    30,000 01          30,000        0       0
TEMPUR-PEDIC INTERNATIONAL              88023U101      741    24,787        0        0    24,787 03          24,787        0       0
Tenneco Inc. Common USD0.01             880349105   13,037   465,592        0        0   465,592 01         465,592        0       0
TERADATA CORP                           88076W103    2,813    37,309        0        0    37,309 03          37,309        0       0
TERADYNE INC                            880770102      512    36,000        0        0    36,000 03          36,000        0       0
Tesoro Corp Com. USD0.167               881609101    1,014    24,200        0        0    24,200 01          24,200        0       0
TESORO CORP                             881609101      419    10,000        0        0    10,000 03          10,000        0       0
TEVA PHARMACEUTICAL-SP ADR              881624209      923    22,300        0        0    22,300 03          22,300        0       0
Texas Industries Inc. Common USD1.      882491103      284     7,000        0        0     7,000 01           7,000        0       0
TEXAS INSTRUMENTS INC                   882508104    9,866   358,130        0        0   358,130 03         358,130        0       0
Texas Instruments Inc. Common USD1      882508104      827    30,000        0        0    30,000 01          30,000        0       0
TEXTRON INC                             883203101      264    10,100        0        0    10,100 03          10,100        0       0
The Walt Disney Company Common USD      254687106   16,582   317,170        0        0   317,170 01         317,170        0       0
THERMO FISHER SCIENTIFIC INC            883556102    5,242    89,101        0        0    89,101 03          89,101        0       0
THRESHOLD PHARMACEUTICALS               885807206      159    22,000        0        0    22,000 03          22,000        0       0
TIBCO Software Inc. Common USD0.00      88632Q103      320    10,600        0        0    10,600 01          10,600        0       0
TIFFANY & CO                            886547108   16,194   261,700        0        0   261,700 03         261,700        0       0
TIM PARTICIPACOES SA-ADR                88706P205      308    16,000        0        0    16,000 03          16,000        0       0
TIME WARNER CABLE                       88732J207    9,894   104,086        0        0   104,086 03         104,086        0       0
                                                 ---------
                                                   100,176

Form 13F Information Table
GAM Holding AG
Page 46 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
TIME WARNER INC                         887317303    6,551   144,524        0        0   144,524 03         144,524        0       0
Time Warner Inc. Common USD0.01         887317303      725    16,000        0        0    16,000 01          16,000        0       0
TJX COMPANIES INC                       872540109    5,178   115,600        0        0   115,600 03         115,600        0       0
TOLL BROTHERS INC                       889478103      853    25,665        0        0    25,665 03          25,665        0       0
TORCHMARK CORP                          891027104    1,802    35,100        0        0    35,100 03          35,100        0       0
TOTAL SYSTEM SERVICES INC               891906109       66     2,803        0        0     2,803 03           2,803        0       0
TRACTOR SUPPLY COMPANY                  892356106      148     1,493        0        0     1,493 03           1,493        0       0
TRANSDIGM GROUP INC                     893641100      148     1,043        0        0     1,043 03           1,043        0       0
TRANSOCEAN LTD                          H8817H100   20,756   464,843        0        0   464,843 03         464,843        0       0
Transocean Ltd. Com. CHF15.00           H8817H100    4,099    91,330        0        0    91,330 01          91,330        0       0
TRAVELERS COS INC/THE                   89417E109    3,287    48,155        0        0    48,155 03          48,155        0       0
TRIMBLE NAVIGATION LTD                  896239100      114     2,385        0        0     2,385 03           2,385        0       0
TRINA SOLAR LTD-SPON ADR                89628E104    2,019   440,900        0        0   440,900 03         440,900        0       0
TRUE RELIGION APPAREL INC               89784N104      877    41,100        0        0    41,100 03          41,100        0       0
TRW AUTOMOTIVE HOLDINGS CORP            87264S106    1,286    29,418        0        0    29,418 03          29,418        0       0
TUPPERWARE BRANDS CORP                  899896104    1,158    21,600        0        0    21,600 03          21,600        0       0
TURKCELL ILETISIM HIZMET-ADR            900111204      977    64,560        0        0    64,560 03          64,560        0       0
Twin Disc Inc. NPV                      901476101       45     2,500        0        0     2,500 01           2,500        0       0
Two Harbors Investment Corp. Commo      90187B101      246    20,900        0        0    20,900 01          20,900        0       0
TYCO INTERNATIONAL LTD                  H89128104    3,844    68,327        0        0    68,327 03          68,327        0       0
Tyco International Ltd. Com. CHF6.      H89128104    1,013    18,000        0        0    18,000 01          18,000        0       0
TYSON FOODS INC-CL A                    902494103      115     7,200        0        0     7,200 03           7,200        0       0
UDR INC                                 902653104    1,516    61,073        0        0    61,073 03          61,073        0       0
ULTA SALON COSMETICS & FRAGR            90384S303      894     9,282        0        0     9,282 03           9,282        0       0
ULTRA PETROLEUM CORP                    903914109      404    18,400        0        0    18,400 03          18,400        0       0
                                                 ---------
                                                    58,121

Form 13F Information Table
GAM Holding AG
Page 47 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
ULTRAPAR PARTICPAC-SPON ADR             90400P101      669    30,000        0        0    30,000 03          30,000        0       0
UNDER ARMOUR INC-CLASS A                904311107    2,546    45,600        0        0    45,600 03          45,600        0       0
UNION PACIFIC CORP                      907818108   12,226   102,999        0        0   102,999 03         102,999        0       0
United Continental Holdings Common      910047109      658    33,736        0        0    33,736 01          33,736        0       0
UNITED CONTINENTAL HOLDINGS             910047109       48     2,480        0        0     2,480 03           2,480        0       0
UNITED MICROELECTRON-SP ADR             910873405      390   190,000        0        0   190,000 03         190,000        0       0
UNITED NATURAL FOODS INC                911163103    2,636    45,100        0        0    45,100 03          45,100        0       0
UNITED PARCEL SERVICE-CL B              911312106   13,676   191,086        0        0   191,086 03         191,086        0       0
United Parcel Service Com.Cls B US      911312106   11,739   164,010        0        0   164,010 01         164,010        0       0
UNITED STATES STEEL CORP                912909108    1,201    63,000        0        0    63,000 03          63,000        0       0
UNITED TECHNOLOGIES CORP                913017109   14,811   189,181        0        0   189,181 03         189,181        0       0
UNITED THERAPEUTICS CORP                91307C102      615    11,000        0        0    11,000 03          11,000        0       0
UNITEDHEALTH GROUP INC                  91324P102   16,919   305,335        0        0   305,335 03         305,335        0       0
Universal Display Corp Com. USD 0.      91347P105    3,006    87,555        0        0    87,555 01          87,555        0       0
UNIVERSAL DISPLAY CORP                  91347P105      320     9,300        0        0     9,300 03           9,300        0       0
UNIVERSAL HEALTH RLTY INCOME            91359E105      170     3,700        0        0     3,700 03           3,700        0       0
UNIVERSAL HEALTH SERVICES-B             913903100      915    20,000        0        0    20,000 03          20,000        0       0
UNUM GROUP                              91529Y106      106     5,541        0        0     5,541 03           5,541        0       0
URBAN OUTFITTERS INC                    917047102      109     2,900        0        0     2,900 03           2,900        0       0
Urban Outfitters Inc. Com. USD0.00      917047102    1,025    27,280        0        0    27,280 01          27,280        0       0
URS CORP                                903236107       53     1,500        0        0     1,500 03           1,500        0       0
URSTADT BIDDLE - CLASS A                917286205      127     6,300        0        0     6,300 03           6,300        0       0
US BANCORP                              902973304   15,023   437,987        0        0   437,987 03         437,987        0       0
US Cellular Corporation Common USD      911684108      587    15,000        0        0    15,000 01          15,000        0       0
USA Truck Incorporated Common USD0      902925106    3,608   975,000        0        0   975,000 01         975,000        0       0
                                                 ---------
                                                   103,182

Form 13F Information Table
GAM Holding AG
Page 48 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
UTILITIES SELECT SECTOR SPDR            81369Y886    2,366    65,000        0        0    65,000 03          65,000        0       0
VALE SA-SP ADR                          91912E105    4,785   267,300        0        0   267,300 03         267,300        0       0
VALE SA-SP PREF ADR                     91912E204    4,514   260,000        0        0   260,000 03         260,000        0       0
Vale SA - SP ADR (1 Reps. 1 Ord.)       91912E105    1,109    62,000        0        0    62,000 01          62,000        0       0
Valero Energy Corp Com. USD 0.01        91913Y100      760    23,990        0        0    23,990 01          23,990        0       0
VALERO ENERGY CORP                      91913Y100    2,005    63,300        0        0    63,300 03          63,300        0       0
VANGUARD LARGE-CAP ETF                  922908637    1,445    22,000        0        0    22,000 03          22,000        0       0
VANGUARD MSCI EMERGING MARKE            922042858   89,554 2,145,391        0        0 2,145,391 03       2,145,391        0       0
VARIAN MEDICAL SYSTEMS INC              92220P105    3,698    61,300        0        0    61,300 03          61,300        0       0
VENTAS INC                              92276F100    5,338    85,754        0        0    85,754 03          85,754        0       0
VERIFONE SYSTEMS INC                    92342Y109       60     2,152        0        0     2,152 03           2,152        0       0
VeriFone Systems Inc. Common USD0.      92342Y109    2,552    91,640        0        0    91,640 01          91,640        0       0
VERISIGN INC                            92343E102      180     3,700        0        0     3,700 03           3,700        0       0
VERISK ANALYTICS INC-CLASS A            92345Y106      138     2,900        0        0     2,900 03           2,900        0       0
VERIZON COMMUNICATIONS INC              92343V104   14,976   328,631        0        0   328,631 03         328,631        0       0
VERTEX PHARMACEUTICALS INC              92532F100    1,679    30,000        0        0    30,000 03          30,000        0       0
VF CORP                                 918204108    4,016    25,200        0        0    25,200 03          25,200        0       0
VIACOM INC-CLASS B                      92553P201    4,015    74,925        0        0    74,925 03          74,925        0       0
Viacom Inc. New Class A Com. USD0.      92553P102      707    13,000        0        0    13,000 01          13,000        0       0
Viad Corporation Common USD 1.50        92552R406      219    10,500        0        0    10,500 01          10,500        0       0
Virgin Media Inc Com. USD 0.01          92769L101    3,855   131,000        0        0   131,000 01         131,000        0       0
VIRGIN MEDIA INC                        92769L101      177     6,000        0        0     6,000 03           6,000        0       0
VIROPHARMA INC                          928241108      151     5,000        0        0     5,000 03           5,000        0       0
VISA INC-CLASS A SHARES                 92826C839   26,618   198,230        0        0   198,230 03         198,230        0       0
Visa Inc Com. USD 0.0001                92826C839    4,699    35,000        0        0    35,000 01          35,000        0       0
                                                 ---------
                                                   179,616

Form 13F Information Table
GAM Holding AG
Page 49 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
VIVUS INC                               928551100      205    11,500        0        0    11,500 03          11,500        0       0
Vmware Inc-Class A Common USD0.01       928563402   12,753   131,828        0        0   131,828 01         131,828        0       0
VMWARE INC-CLASS A                      928563402      164     1,700        0        0     1,700 03           1,700        0       0
VORNADO REALTY TRUST                    929042109    4,705    58,048        0        0    58,048 03          58,048        0       0
VULCAN MATERIALS CO                     929160109      610    12,900        0        0    12,900 03          12,900        0       0
Wal-Mart Stores Inc Common USD0.10      931142103   12,767   173,000        0        0   173,000 01         173,000        0       0
WAL-MART STORES INC                     931142103   28,192   382,005        0        0   382,005 03         382,005        0       0
WALGREEN CO                             931422109   14,698   403,360        0        0   403,360 03         403,360        0       0
Walgreen Company Common USD0.07812      931422109   40,110 1,100,716        0        0 1,100,716 01       1,100,716        0       0
Walgreen Company Common USD0.07812      931422109    5,850   160,546        0        0   160,546 02         160,546        0       0
WALT DISNEY CO/THE                      254687106   26,579   508,390        0        0   508,390 03         508,390        0       0
Walter Energy Inc Com. USD 0.01         93317Q105      915    28,200        0        0    28,200 01          28,200        0       0
WALTER ENERGY INC                       93317Q105       64     1,960        0        0     1,960 03           1,960        0       0
WASHINGTON POST-CLASS B                 939640108       36       100        0        0       100 03             100        0       0
WASHINGTON REIT                         939653101      373    13,900        0        0    13,900 03          13,900        0       0
WASTE MANAGEMENT INC                    94106L109    2,082    64,900        0        0    64,900 03          64,900        0       0
Waste Management Inc. Com. USD0.01      94106L109    7,566   235,800        0        0   235,800 01         235,800        0       0
WATERS CORP                             941848103      367     4,400        0        0     4,400 03           4,400        0       0
WATSON PHARMACEUTICALS INC              942683103      225     2,645        0        0     2,645 03           2,645        0       0
Watson Pharmaceuticals Inc. Common      942683103      621     7,290        0        0     7,290 01           7,290        0       0
Watts Water Tech. Inc. A Common US      942749102   10,712   283,168        0        0   283,168 01         283,168        0       0
WEATHERFORD INTL LTD                    H27013103   13,498 1,079,244        0        0 1,079,244 03       1,079,244        0       0
Weatherford Intl. Ltd. Com. USD1.0      H27013103      837    66,000        0        0    66,000 01          66,000        0       0
Web.com Group Inc Com. USD0.001         94733A104      324    18,030        0        0    18,030 01          18,030        0       0
WEBMD HEALTH CORP NOTE 2.500% 1/3       94770VAF9    1,633 2,000,000        0        0 2,000,000 01       2,000,000        0       0
WEINGARTEN REALTY INVESTORS             948741103      762    27,100        0        0    27,100 03          27,100        0       0
                                                 ---------
                                                   186,648

Form 13F Information Table
GAM Holding AG
Page 50 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
WELLPOINT INC                           94973V107    3,716    64,052        0        0    64,052 03          64,052        0       0
WELLS FARGO & CO                        949746101   46,805 1,355,478        0        0 1,355,478 03       1,355,478        0       0
Wells Fargo & Co. Com. USD1.666         949746101    6,906   200,000        0        0   200,000 01         200,000        0       0
Wells Fargo & Co. Com. USD1.666         949746101    1,139    33,000        0        0    33,000 01          33,000        0       0
WESTERN DIGITAL CORP                    958102105      980    25,300        0        0    25,300 03          25,300        0       0
WESTERN UNION CO                        959802109    1,693    92,900        0        0    92,900 03          92,900        0       0
Western Union Corp. Common USD0.01      959802109   12,904   708,030        0        0   708,030 01         708,030        0       0
Westport Innovations Inc. Common N      960908309   11,354   407,827        0        0   407,827 01         407,827        0       0
WEYERHAEUSER CO                         962166104    4,313   164,990        0        0   164,990 03         164,990        0       0
Weyerhaeuser Company Common USD1.2      962166104      683    26,140        0        0    26,140 01          26,140        0       0
Whirlpool Corp Com. USD 1.00            963320106      572     6,900        0        0     6,900 01           6,900        0       0
WHIRLPOOL CORP                          963320106      240     2,900        0        0     2,900 03           2,900        0       0
WHITING PETROLEUM CORP                  966387102      366     7,733        0        0     7,733 03           7,733        0       0
WHOLE FOODS MARKET INC                  966837106    8,090    83,059        0        0    83,059 03          83,059        0       0
WILEY (JOHN) & SONS-CLASS A             968223206    1,833    39,894        0        0    39,894 03          39,894        0       0
Williams Companies Inc. Common USD      969457100    2,187    62,537        0        0    62,537 01          62,537        0       0
WILLIAMS COS INC                        969457100    3,794   108,500        0        0   108,500 03         108,500        0       0
WILLIS GROUP HOLDINGS PLC               G96666105      151     4,082        0        0     4,082 03           4,082        0       0
WINDSTREAM CORP                         97381W104      115    11,400        0        0    11,400 03          11,400        0       0
WISCONSIN ENERGY CORP                   976657106    4,744   125,940        0        0   125,940 03         125,940        0       0
WPX Energy Inc. W/I NPV                 98212B103      346    20,845        0        0    20,845 01          20,845        0       0
WR BERKLEY CORP                         084423102      101     2,700        0        0     2,700 03           2,700        0       0
WR Berkley Corp. Common USD0.20         084423102   11,244   300,000        0        0   300,000 01         300,000        0       0
WR Berkley Corp. Common USD0.20         084423102      262     7,000        0        0     7,000 01           7,000        0       0
WUXI PHARMATECH CAYMAN-ADR              929352102      993    66,500        0        0    66,500 03          66,500        0       0
                                                 ---------
                                                   125,531

Form 13F Information Table
GAM Holding AG
Page 51 of 51
1                                  2    3         4        5         6                           7        8
                                                     Mkt
                                                    Value            -- Investment Discretion --          --- Voting Authority ----
Name of Issuer                     Type CUSIP      $ x1000  # Shares     Sole   Shared     Other Managers      Sole   Shared    None
WW GRAINGER INC                         384802104    6,668    32,000        0        0    32,000 03          32,000        0       0
WYNDHAM WORLDWIDE CORP                  98310W108      854    16,270        0        0    16,270 03          16,270        0       0
WYNN RESORTS LTD                        983134107      208     1,800        0        0     1,800 03           1,800        0       0
XCEL ENERGY INC                         98389B100      615    22,200        0        0    22,200 03          22,200        0       0
XEROX CORP                              984121103      730    99,400        0        0    99,400 03          99,400        0       0
XILINX INC                              983919101    4,266   127,700        0        0   127,700 03         127,700        0       0
Xilinx Inc. Common USD0.01              983919101    3,407   102,000        0        0   102,000 01         102,000        0       0
Xylem Inc-W/I Com. NPV                  98419M100      377    15,000        0        0    15,000 01          15,000        0       0
XYLEM INC                               98419M100    3,561   141,584        0        0   141,584 03         141,584        0       0
YAHOO! INC                              984332106    6,609   413,679        0        0   413,679 03         413,679        0       0
Yahoo! Incorporated Common USD0.00      984332106      479    30,000        0        0    30,000 01          30,000        0       0
Yanzhou Coal Mining SP ADR (1 Rep.      984846105      478    32,000        0        0    32,000 01          32,000        0       0
YPF S.A.-SPONSORED ADR                  984245100      291    22,350        0        0    22,350 03          22,350        0       0
YUM! BRANDS INC                         988498101    3,980    60,000        0        0    60,000 03          60,000        0       0
Yum! Brands Inc. Com. NPV               988498101    3,541    53,380        0        0    53,380 01          53,380        0       0
ZIMMER HOLDINGS INC                     98956P102    3,067    45,350        0        0    45,350 03          45,350        0       0
ZIONS BANCORPORATION                    989701107      516    25,000        0        0    25,000 03          25,000        0       0
                                                 ---------
                                                    39,647
                                                 =========
                                                 5,095,813