--------------------------
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                                                      --------------------------
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                                                      Estimated  average  burden
                                                      hours per response....10.4
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. __)*


                      Metromedia International Group, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                  7 1/4% Cumulative Convertible Preferred Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    591695200
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                                September 9, 2005
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

|_|      Rule 13d-1(b)
|X|      Rule 13d-1(c)
|_|      Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


                         (Continued on following pages)
                               Page 1 of 49 Pages
                         Exhibit Index Found on Page 41







                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Asset Management, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================



                               Page 2 of 49 Pages




                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday G.P. (U.S.), L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            OO
------------====================================================================


                               Page 3 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Capital, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            OO
------------====================================================================


                               Page 4 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            David I. Cohen
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================


                               Page 5 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Saurabh K. Mittal
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            India
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================


                               Page 6 of 49 Pages




                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Asset Management LLP
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United Kingdom
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================



                               Page 7 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Capital Limited
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United Kingdom
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            OO
------------====================================================================



                               Page 8 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Andrew J.M. Spokes
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United Kingdom
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                               Page 9 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Nicolas Giauque
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            France
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 10 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Lars E. Bane
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Sweden
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 11 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Davide Leone
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Italy
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 12 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Capital Partners, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   11,700
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    11,700
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            11,700
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            0.3%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            OO
------------====================================================================



                              Page 13 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            California
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   108,800
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    108,800
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            108,800
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            2.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================



                              Page 14 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            California
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   84,200
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    84,200
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            84,200
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            2.1%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================



                              Page 15 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners II, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            California
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   6,600
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    6,600
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            6,600
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            0.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================



                              Page 16 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners III, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   19,400
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    19,400
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            19,400
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            0.5%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================



                              Page 17 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Tinicum Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            New York
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   2,700
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    2,700
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            2,700
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            0.1%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================



                              Page 18 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Offshore Investors II, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Cayman Islands
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   84,029
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    84,029
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            84,029
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            2.0%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================



                              Page 19 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Management, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   225,131
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    225,131
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            225,131
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.5%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IA, OO
------------====================================================================



                              Page 20 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Partners, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   317,429
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    317,429
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            317,429
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            OO
------------====================================================================



                              Page 21 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Chun R. Ding
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 22 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            William F. Duhamel
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 23 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Richard B. Fried
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 24 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Monica R. Landry
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 25 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            William F. Mellin
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 26 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Stephen L. Millham
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 27 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Jason E. Moment
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 28 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Rajiv A. Patel
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 29 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Derek C. Schrier
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 30 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Thomas F. Steyer
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================



                              Page 31 of 49 Pages



                                       13G
===================
CUSIP No. 591695200
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Mark C. Wehrly
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [ ]
                                                               (b) [X]**
    2
                   **      The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                    SOLE VOTING POWER
                            5
         NUMBER OF                  -0-
                        ------------============================================
          SHARES                    SHARED VOTING POWER
       BENEFICIALLY         6
         OWNED BY                   542,560
                        ------------============================================
           EACH                     SOLE DISPOSITIVE POWER
                            7
         REPORTING                  -0-
        PERSON WITH     ------------============================================
                                    SHARED DISPOSITIVE POWER
                            8
                                    542,560
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            542,560
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                      [ ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            13.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================




                              Page 32 of 49 Pages




         Preliminary  Note:  As of September 9, 2005,  certain of the  Reporting
Persons  (as  defined  below) held  Preferred  Shares (as  defined  below) in an
aggregate amount that exceeded 5% of the class of securities.  As of February 2,
2006,  certain of the Reporting  Persons held  Preferred  Shares in an aggregate
amount  that  exceeded  10% of the class of  securities.  As of the date of this
filing, the Reporting Persons hold Preferred Shares in an aggregate amount equal
to 13.2% of the class of securities.

Item 1.  Issuer
         ------

         (a) Name of Issuer:
             --------------

             Metromedia International Group, Inc. (the "Company")

         (b) Address of Issuer's Principal Executive Offices:
             -----------------------------------------------

             8000 Tower Point Drive, Charlotte, NC 28227

Item 2.  Identity And Background
         -----------------------

         Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e))
         -----------------------------------------------------------------

         This  statement  relates  to  shares of 7 1/4%  Cumulative  Convertible
Preferred Stock (the "Preferred Shares") of the Company. The CUSIP number of the
Preferred Shares is 591695200.

         Name Of  Persons  Filing,  Address  Of  Principal  Business  Office And
         -----------------------------------------------------------------------
         Citizenship (Item 2(a), (b) and (c))
         ------------------------------------

         This statement is filed by the entities and persons  listed below,  all
of whom together are referred to herein as the "Reporting Persons."

         The Noonday US Sub-adviser Entities
         -----------------------------------

                  (i)      Noonday  G.P.  (U.S.),  L.L.C.,  a  Delaware  limited
                           liability   company   which   is   a   sub-investment
                           adviser(1)  to each  of the  Funds  and  the  Managed
                           Accounts (the "First Noonday US  Sub-adviser"),  with
                           respect to all of the  Preferred  Shares  held by the
                           Funds and the Managed Accounts;

                  (ii)     Noonday Asset  Management,  L.P., a Delaware  limited
                           partnership  which is a sub-investment  adviser(1) to
                           each of the  Funds  and  the  Managed  Accounts  (the
                           "Second Noonday US Sub-adviser"), with respect to all
                           of the  Preferred  Shares  held by the  Funds and the
                           Managed Accounts; and



---------------------
(1) The First  Noonday  US  Sub-adviser  and the Second  Noonday US  Sub-adviser
entered into certain  subadvisory  arrangements with the Management  Company and
the Farallon General Partner effective as of January 1, 2005,  pursuant to which
the First Noonday US  Sub-adviser  and the Second  Noonday US  Sub-adviser  were
granted  investment  discretion  over all of the assets of the Noonday  Fund and
certain of the assets of the Farallon Funds and the Managed Accounts.





                              Page 33 of 49 Pages



                  (iii)    Noonday Capital, L.L.C., a Delaware limited liability
                           company  which is the  general  partner of the Second
                           Noonday  US  Sub-adviser  (the  "Noonday  US  General
                           Partner"),  with  respect  to all  of  the  Preferred
                           Shares held by the Funds and the Managed Accounts.

         The First Noonday US Sub-adviser, the Second Noonday US Sub-adviser and
the Noonday US General  Partner are together  referred to herein as the "Noonday
US Sub-adviser Entities."

         The Noonday US Managing Members
         -------------------------------

                  (iv)     David  I.  Cohen  ("Cohen")  and  Saurabh  K.  Mittal
                           ("Mittal"),  the  managing  members of both the First
                           Noonday  US  Sub-adviser  and the  Noonday US General
                           Partner,  with respect to all of the Preferred Shares
                           held by the Funds and the Managed Accounts.

         Cohen and Mittal are referred to herein as the  "Noonday US  Individual
Reporting Persons."

         The Noonday UK Sub-adviser Entities
         -----------------------------------

                  (v)      Noonday  Asset  Management  LLP, a limited  liability
                           partnership incorporated in the United Kingdom, which
                           is a  sub-investment  adviser(2) to each of the Funds
                           and   the   Managed   Accounts   (the   "Noonday   UK
                           Sub-adviser"),  with respect to all of the  Preferred
                           Shares  held by the Funds and the  Managed  Accounts;
                           and

                  (vi)     Noonday Capital Limited, a private company limited by
                           shares organized in the United Kingdom,  which is the
                           senior  managing member of the Noonday UK Sub-adviser
                           (the  "Noonday  UK  Senior  Managing  Member"),  with
                           respect to all of the  Preferred  Shares  held by the
                           Funds and the Managed Accounts.

         The Noonday UK Sub-adviser  and the Noonday UK Senior  Managing  Member
are together referred to herein as the "Noonday UK Sub-adviser Entities."

         The Noonday UK Managing Members
         -------------------------------

                  (vii)    Andrew  J.M.  Spokes   ("Spokes"),   Nicolas  Giauque
                           ("Giauque"),  Lars E. Bane  ("Bane") and Davide Leone
                           ("Leone"),  the  managing  members of




---------------------
(2) The Noonday UK  Sub-adviser  entered into certain  subadvisory  arrangements
with the Management  Company and the Farallon  General  Partner  effective as of
January 1,  2005,  pursuant  to which the  Noonday UK  Sub-adviser  was  granted
investment  discretion over all of the assets of the Noonday Fund and certain of
the assets of the Farallon Funds and the Managed Accounts.





                              Page 34 of 49 Pages




                           the  Noonday  UK  Sub-adviser  and,  with  respect to
                           Spokes,   the  Chairman  of  the  Noonday  UK  Senior
                           Managing Member, with respect to all of the Preferred
                           Shares held by the Funds and the Managed Accounts.

         Spokes,  Giauque, Bane and Leone are referred to herein as the "Noonday
UK Individual Reporting Persons."

         The Noonday Fund
         ----------------

                  (viii)   Noonday Capital Partners,  L.L.C., a Delaware limited
                           liability company (the "Noonday Fund"),  with respect
                           to the Preferred Shares held by it.

         The Farallon Funds
         ------------------

                  (ix)     Farallon Capital Partners, L.P., a California limited
                           partnership  ("FCP"),  with respect to the  Preferred
                           Shares held by it;

                  (x)      Farallon  Capital  Institutional  Partners,  L.P.,  a
                           California limited partnership ("FCIP"), with respect
                           to the Preferred Shares held by it;

                  (xi)     Farallon Capital  Institutional  Partners II, L.P., a
                           California  limited  partnership  ("FCIP  II"),  with
                           respect to the Preferred Shares held by it;

                  (xii)    Farallon Capital Institutional  Partners III, L.P., a
                           Delaware  limited   partnership  ("FCIP  III"),  with
                           respect to the Preferred Shares held by it;

                  (xiii)   Tinicum   Partners,   L.P.,   a  New   York   limited
                           partnership   ("Tinicum"),   with   respect   to  the
                           Preferred Shares held by it; and

                  (xiv)    Farallon  Capital  Offshore  Investors  II,  L.P.,  a
                           Cayman Islands  exempted limited  partnership  ("FCOI
                           II"),  with respect to the  Preferred  Shares held by
                           it.

         FCP, FCIP, FCIP II, FCIP III, Tinicum and FCOI II are together referred
to herein as the "Farallon  Funds." The Noonday Fund and the Farallon  Funds are
together referred to herein as the "Funds."

         The Management Company
         ----------------------

                  (xv)     Farallon  Capital  Management,   L.L.C.,  a  Delaware
                           limited liability company (the "Management Company"),
                           with respect to the Preferred  Shares held by certain
                           accounts  managed  by  the  Management  Company  (the
                           "Managed Accounts").




                              Page 35 of 49 Pages




         The Farallon General Partner
         ----------------------------

                  (xvi)    Farallon   Partners,   L.L.C.,   a  Delaware  limited
                           liability  company  which is the  general  partner of
                           each of the Farallon Funds and the managing member of
                           the Noonday Fund (the  "Farallon  General  Partner"),
                           with respect to the Preferred  Shares held by each of
                           the Funds.

         The Farallon Managing Members
         -----------------------------

                  (xvii)   The  following  persons who are  managing  members of
                           both the Farallon  General Partner and the Management
                           Company, with respect to the Preferred Shares held by
                           the  Funds  and the  Managed  Accounts:  Chun R. Ding
                           ("Ding"), William F. Duhamel ("Duhamel"),  Richard B.
                           Fried ("Fried"), Monica R. Landry ("Landry"), William
                           F. Mellin ("Mellin"), Stephen L. Millham ("Millham"),
                           Jason E. Moment ("Moment"), Rajiv A. Patel ("Patel"),
                           Derek  C.  Schrier  ("Schrier"),   Thomas  F.  Steyer
                           ("Steyer"), and Mark C. Wehrly ("Wehrly").

         Ding, Duhamel, Fried, Landry, Mellin, Millham,  Moment, Patel, Schrier,
Steyer,  and Wehrly are together referred to herein as the "Farallon  Individual
Reporting  Persons." The Farallon Individual  Reporting Persons,  the Noonday US
Individual Reporting Persons and the Noonday UK Individual Reporting Persons are
together referred to herein as the "Individual Reporting Persons."

         The  citizenship  of each of the Noonday US Sub-adviser  Entities,  the
Noonday UK  Sub-adviser  Entities,  the Funds,  the  Management  Company and the
Farallon  General Partner is set forth above.  Each of the Individual  Reporting
Persons other than Mittal,  Spokes,  Giauque, Bane and Leone is a citizen of the
United States.  Mittal,  Spokes,  Giauque, Bane and Leone are citizens of India,
the United Kingdom, France, Sweden and Italy,  respectively.  The address of the
principal business office of each of the Noonday US Sub-adviser Entities and the
Noonday US Individual  Reporting Persons is c/o Noonday Asset Management,  L.P.,
227 West Trade Street, Suite 2140, Charlotte,  North Carolina 28202. The address
of the principal business office of each of the Noonday UK Sub-adviser  Entities
and the Noonday UK Individual  Reporting Persons is c/o Noonday Asset Management
LLP, Burdett House, 15-16 Buckingham Street,  London,  WC2N6DU,  United Kingdom.
The  address  of the  principal  business  office  of  each  of the  Funds,  the
Management  Company,  the Farallon  General Partner and the Farallon  Individual
Reporting  Persons is c/o  Farallon  Capital  Management,  L.L.C.,  One Maritime
Plaza, Suite 1325, San Francisco, California 94111.

Item 3.  If This  Statement  Is  Filed  Pursuant  To  Sections  240.13d-1(b)  or
         -----------------------------------------------------------------------
240.13d-2(b)  or (c), Check Whether The Person Filing Is An Entity  Specified In
--------------------------------------------------------------------------------
(a) - (j):
----------

         Not Applicable.

         If This Statement Is Filed Pursuant To Section 240.13d-1(c), Check This
         -----------------------------------------------------------------------
         Box. [X]
         ----





                              Page 36 of 49 Pages




Item 4.  Ownership
         ---------

         The  information  required  by Items 4(a) - (c) and set forth in Rows 5
through 11 of the cover page for each  Reporting  Person hereto is  incorporated
herein by reference for each such Reporting Person.

         The Preferred  Shares  reported hereby for the Funds are owned directly
by the Funds and  those  reported  by the  Management  Company  on behalf of the
Managed Accounts are owned directly by the Managed  Accounts.  The First Noonday
US   Sub-adviser,   the  Second  Noonday  US  Sub-adviser  and  the  Noonday  UK
Sub-adviser,  as sub-investment  advisers to the Funds and Managed Accounts, may
each be deemed to be the beneficial  owner of all such Preferred Shares owned by
the Funds and the Managed Accounts.  The Noonday US General Partner,  as general
partner to the Second Noonday US Sub-adviser, may be deemed to be the beneficial
owner of all such Preferred Shares owned by the Funds and the Managed  Accounts.
The Noonday US Individual  Reporting  Persons,  as managing  members of both the
First Noonday US  Sub-adviser  and the Noonday US General  Partner,  may each be
deemed to be the  beneficial  owner of all such  Preferred  Shares  owned by the
Funds and the Managed  Accounts.  The Noonday UK Senior Managing Member,  as the
senior managing  member of the Noonday UK  Sub-adviser,  may be deemed to be the
beneficial owner of all such Preferred Shares owned by the Funds and the Managed
Accounts.  The Noonday UK Individual  Reporting Persons,  as managing members of
the  Noonday UK  Sub-adviser  and,  with  respect to Spokes,  as Chairman of the
Noonday UK Senior Managing Member, may each be deemed to be the beneficial owner
of all such Preferred  Shares owned by the Funds and the Managed  Accounts.  The
Management Company, as investment adviser to the Managed Accounts, may be deemed
to be the  beneficial  owner of all such  Preferred  Shares owned by the Managed
Accounts. The Farallon General Partner, as general partner to the Farallon Funds
and  managing  member of the Noonday  Fund,  may be deemed to be the  beneficial
owner of all such Preferred Shares owned by the Funds.  The Farallon  Individual
Reporting Persons,  as managing members of both the Farallon General Partner and
the Management  Company with the power to exercise  investment  discretion,  may
each be deemed to be the beneficial  owner of all such Preferred Shares owned by
the Funds and the Managed Accounts. Each of the Noonday US Sub-adviser Entities,
the Noonday UK  Sub-adviser  Entities,  the  Management  Company,  the  Farallon
General  Partner and the  Individual  Reporting  Persons  hereby  disclaims  any
beneficial ownership of any such Preferred Shares.

Item 5.  Ownership Of Five Percent Or Less Of A Class
         --------------------------------------------

         Not Applicable.

Item 6.  Ownership Of More Than Five Percent On Behalf Of Another Person
         ---------------------------------------------------------------

         Not Applicable.





                              Page 37 of 49 Pages




Item 7.  Identification  And Classification Of The Subsidiary Which Acquired
         -------------------------------------------------------------------
         The Security Being Reported On By The Parent Holding Company
         ------------------------------------------------------------

         Not Applicable.

Item 8.  Identification And Classification Of Members Of The Group
         ---------------------------------------------------------

         The Reporting  Persons are filing this Schedule 13G pursuant to Section
240.13d-1(c). Consistent with Item 2 of the cover page for each Reporting Person
above,  the  Reporting  Persons  neither  disclaim nor affirm the existence of a
group among them.

Item 9.  Notice Of Dissolution Of Group
         ------------------------------

         Not Applicable.

Item 10. Certification
         -------------

         By  signing  below I  certify  that,  to the best of my  knowledge  and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.







                              Page 38 of 49 Pages




                                   SIGNATURES
                                   ----------

         After  reasonable  inquiry and to the best of our knowledge and belief,
the  undersigned  certify that the  information  set forth in this  statement is
true, complete and correct.

Dated:  August 21, 2006



              /s/ Mark C. Wehrly
              ----------------------------------------
              NOONDAY CAPITAL, L.L.C.,
              On its own behalf and as the General Partner of
              NOONDAY ASSET MANAGEMENT, L.P.
              By Mark C. Wehrly, Attorney-in-fact


              /s/ Mark C. Wehrly
              ----------------------------------------
              NOONDAY G.P. (U.S.), L.L.C.
              By Mark C. Wehrly, Attorney-in-fact


              /s/ Mark C. Wehrly
              ----------------------------------------
              NOONDAY CAPITAL LIMITED,
              On its own behalf
              and as the Senior Managing Member of
              NOONDAY ASSET MANAGEMENT LLP
              By Mark C. Wehrly, Attorney-in-fact


              /s/ Mark C. Wehrly
              ----------------------------------------
              FARALLON PARTNERS, L.L.C.,
              On its own behalf,
              as the General Partner of
              FARALLON CAPITAL PARTNERS, L.P.,
              FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
              FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
              FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
              TINICUM PARTNERS, L.P. and
              FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.,
              and as the Managing Member of
              NOONDAY CAPITAL PARTNERS, L.L.C.
              By Mark C. Wehrly, Managing Member





                               Page 39 of 49 Pages



              /s/ Mark C. Wehrly
              ----------------------------------------
              FARALLON CAPITAL MANAGEMENT, L.L.C.
              By Mark C. Wehrly, Managing Member


              /s/ Mark C. Wehrly
              ----------------------------------------
              Mark C. Wehrly, individually and as attorney-in-fact for
              each of Lars E. Bane, David I. Cohen, Chun R. Ding, William F.
              Duhamel,  Richard B. Fried,  Nicolas Giauque, Monica R. Landry,
              Davide Leone, William F. Mellin, Stephen L. Millham,  Saurabh K.
              Mittal, Jason E. Moment, Rajiv A. Patel, Derek C. Schrier,
              Andrew J.M. Spokes and Thomas F. Steyer

         The Powers of Attorney executed by Ding and Schrier  authorizing Wehrly
to sign and file this  Schedule 13G on each  person's  behalf,  which were filed
with  Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange
Commission on July 2, 2003, by such Reporting Persons with respect to the Common
Stock of Salix Pharmaceuticals,  Ltd., are hereby incorporated by reference. The
Power of  Attorney  executed by Patel  authorizing  Wehrly to sign and file this
Schedule 13G on his behalf, which was filed with Amendment No. 4 to the Schedule
13G filed with the  Securities  and Exchange  Commission  on January 8, 2004, by
such  Reporting  Person with  respect to the Common Stock of  Catalytica  Energy
Systems,  Inc.,  is hereby  incorporated  by  reference.  The Powers of Attorney
executed by Noonday G.P. (U.S.), L.L.C., Noonday Asset Management, L.P., Noonday
Capital,  L.L.C. and Cohen authorizing Wehrly to sign and file this Schedule 13G
on each person's  behalf,  which were filed with Amendment No. 5 to the Schedule
13G filed with the  Securities  and Exchange  Commission on January 10, 2005, by
such  Reporting  Persons with respect to the Common Stock of  Catalytica  Energy
Systems,  Inc.,  are hereby  incorporated  by  reference.  The Power of Attorney
executed by Mittal  authorizing Wehrly to sign and file this Schedule 13G on his
behalf,  which was filed with Amendment No. 6 to the Schedule 13G filed with the
Securities and Exchange  Commission on October 5, 2005, by such Reporting Person
with respect to the Common Stock of Catalytica  Energy Systems,  Inc., is hereby
incorporated by reference.  The Power of Attorney executed by Moment authorizing
Wehrly to sign and file this  Schedule  13G on his behalf,  which was filed with
the Schedule 13D filed with the Securities and Exchange Commission on January 9,
2006,  by such  Reporting  Person  with  respect to the Common  Stock of Vintage
Petroleum,  Inc., is hereby  incorporated  by reference.  The Powers of Attorney
executed by  Duhamel,  Fried,  Landry,  Mellin,  Millham and Steyer  authorizing
Wehrly to sign and file this  Schedule 13G on each person's  behalf,  which were
filed with  Amendment  No. 2 to the Schedule 13G filed with the  Securities  and
Exchange  Commission on January 13, 2006, by such Reporting Persons with respect
to the Common Stock of Arbor Realty  Trust,  Inc.,  are hereby  incorporated  by
reference.  The Powers of Attorney  executed by Noonday  Asset  Management  LLP,
Noonday Capital Limited,  Spokes,  Giauque, Bane and Leone authorizing Wehrly to
sign and file this Schedule 13G on each person's  behalf are filed as Exhibits 2
- 7 hereto and are hereby incorporated by reference.




                              Page 40 of 49 Pages





                                  EXHIBIT INDEX

EXHIBIT 1                           Joint Acquisition Statement Pursuant to
                                    Section 240.13d-1(k)
EXHIBIT 2                           Power of Attorney of Noonday Asset
                                    Management LLP
EXHIBIT 3                           Power of Attorney of Noonday Capital Limited
EXHIBIT 4                           Power of Attorney of Andrew J.M. Spokes
EXHIBIT 5                           Power of Attorney of Nicolas Giauque
EXHIBIT 6                           Power of Attorney of Lars E. Bane
EXHIBIT 7                           Power of Attorney of Davide Leone















                              Page 41 of 49 Pages





                                                                       EXHIBIT 1
                                                                              to
                                                                    SCHEDULE 13G

                           JOINT ACQUISITION STATEMENT
                        PURSUANT TO SECTION 240.13d-1(k)
                        --------------------------------

         The undersigned  acknowledge and agree that the foregoing  statement on
Schedule  13G is  filed  on  behalf  of each of the  undersigned  and  that  all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the  undersigned  without the  necessity of filing  additional  joint
acquisition   statements.   The  undersigned  acknowledge  that  each  shall  be
responsible for the timely filing of such  amendments,  and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible  for the  completeness  and accuracy of the information
concerning the other  entities or persons,  except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.

Dated:  August 21, 2006

              /s/ Mark C. Wehrly
              ----------------------------------------
              NOONDAY CAPITAL, L.L.C.,
              On its own behalf and as the General Partner of
              NOONDAY ASSET MANAGEMENT, L.P.
              By Mark C. Wehrly, Attorney-in-fact


              /s/ Mark C. Wehrly
              ----------------------------------------
              NOONDAY G.P. (U.S.), L.L.C.
              By Mark C. Wehrly, Attorney-in-fact


              /s/ Mark C. Wehrly
              ----------------------------------------
              NOONDAY CAPITAL LIMITED,
              On its own behalf
              and as the Senior Managing Member of
              NOONDAY ASSET MANAGEMENT LLP
              By Mark C. Wehrly, Attorney-in-fact




                              Page 42 of 49 Pages




              /s/ Mark C. Wehrly
              ----------------------------------------
              FARALLON PARTNERS, L.L.C.,
              On its own behalf,
              as the General Partner of
              FARALLON CAPITAL PARTNERS, L.P.,
              FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
              FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
              FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
              TINICUM PARTNERS, L.P. and
              FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.,
              and as the Managing Member of
              NOONDAY CAPITAL PARTNERS, L.L.C.
              By Mark C. Wehrly, Managing Member


              /s/ Mark C. Wehrly
              ----------------------------------------
              FARALLON CAPITAL MANAGEMENT, L.L.C.
              By Mark C. Wehrly, Managing Member


              /s/ Mark C. Wehrly
              ----------------------------------------
              Mark C. Wehrly, individually and as attorney-in-fact for
              each of Lars E. Bane, David I. Cohen, Chun R. Ding, William F.
              Duhamel,  Richard B. Fried,  Nicolas Giauque, Monica R. Landry,
              Davide Leone, William F. Mellin, Stephen L. Millham,  Saurabh K.
              Mittal, Jason E. Moment, Rajiv A. Patel, Derek C. Schrier,
              Andrew J.M. Spokes and Thomas F. Steyer





                              Page 43 of 49 Pages





                                                                       EXHIBIT 2
                                                                              to
                                                                    SCHEDULE 13G


                                POWER OF ATTORNEY

         The  undersigned  hereby  appoints each of Monica R. Landry,  Thomas F.
Steyer  and Mark C.  Wehrly its true and  lawful  attorney-in-fact  and agent to
execute and file with the Securities  and Exchange  Commission any Schedule 13D,
Schedule 13G, any amendments thereto or any related  documentation  which may be
required  to be filed or  executed in its  capacity  as  sub-adviser  to certain
accounts managed by Farallon Capital Management, L.L.C. and certain partnerships
and limited liability  companies for which Farallon Partners,  L.L.C.  serves as
the general  partner and the managing  member,  respectively,  and granting unto
each said attorney-in-fact and agent, full power and authority to do and perform
each and every act and thing which it might or could do,  hereby  ratifying  and
confirming  all that each said  attorney-in-fact  and agent may  lawfully  do or
cause to be done by virtue  hereof.  The  authority of each of Monica R. Landry,
Thomas F. Steyer and Mark C. Wehrly under this Power of Attorney  shall continue
with respect to the  undersigned  until the undersigned is no longer required to
file Schedule 13Ds or 13Gs unless revoked earlier in writing.


Date: August 8, 2006                              NOONDAY ASSET MANAGEMENT LLP

                                                  By: Noonday Capital Limited,
                                                      its Senior Managing Member


                                                  /s/ Andrew J.M. Spokes
                                                  ------------------------------
                                                  Name: Andrew J.M. Spokes
                                                  Title: Authorized Signatory



                              Page 44 of 49 Pages



                                                                       EXHIBIT 3
                                                                              to
                                                                    SCHEDULE 13G



                                POWER OF ATTORNEY

         The  undersigned  hereby  appoints each of Monica R. Landry,  Thomas F.
Steyer  and Mark C.  Wehrly its true and  lawful  attorney-in-fact  and agent to
execute and file with the Securities  and Exchange  Commission any Schedule 13D,
Schedule 13G, any amendments thereto or any related  documentation  which may be
required to be filed or executed in its  capacity as senior  managing  member of
Noonday Asset Management LLP, and granting unto each said  attorney-in-fact  and
agent,  full power and  authority to do and perform each and every act and thing
which it might or could do, hereby  ratifying and  confirming all that each said
attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof.
The  authority of each of Monica R. Landry,  Thomas F. Steyer and Mark C. Wehrly
under this Power of Attorney  shall  continue  with  respect to the  undersigned
until the undersigned is no longer required to file Schedule 13Ds or 13Gs unless
revoked earlier in writing.


Date: August 8, 2006                                 NOONDAY CAPITAL LIMITED


                                                     /s/ Andrew J.M. Spokes
                                                     ---------------------------
                                                     Name: Andrew J.M. Spokes
                                                     Title: Authorized Signatory





                              Page 45 of 49 Pages




                                                                       EXHIBIT 4
                                                                              to
                                                                    SCHEDULE 13G



                                POWER OF ATTORNEY

         The  undersigned  hereby  appoints each of Monica R. Landry,  Thomas F.
Steyer  and Mark C.  Wehrly his true and  lawful  attorney-in-fact  and agent to
execute and file with the Securities  and Exchange  Commission any Schedule 13D,
Schedule 13G, any amendments thereto or any related  documentation  which may be
required to be filed in his individual  capacity as a managing member of Noonday
Asset Management LLP and the chairman of Noonday Capital  Limited,  and granting
unto each said  attorney-in-fact  and agent,  full power and authority to do and
perform  each and  every  act and  thing  which he might or could do in  person,
hereby ratifying and confirming all that each said  attorney-in-fact  and agent,
may lawfully do or cause to be done by virtue  hereof.  The authority of each of
Monica R.  Landry,  Thomas F.  Steyer  and Mark C.  Wehrly  under  this Power of
Attorney shall continue with respect to the undersigned until the undersigned is
no longer  required  to file  Schedule  13Ds or 13Gs unless  revoked  earlier in
writing.


Date: August 8, 2006

                                                        /s/ Andrew J.M. Spokes
                                                        ------------------------
                                                        Name: Andrew J.M. Spokes





                              Page 46 of 49 Pages



                                                                       EXHIBIT 5
                                                                              to
                                                                    SCHEDULE 13G



                                POWER OF ATTORNEY

         The  undersigned  hereby  appoints each of Monica R. Landry,  Thomas F.
Steyer  and Mark C.  Wehrly his true and  lawful  attorney-in-fact  and agent to
execute and file with the Securities  and Exchange  Commission any Schedule 13D,
Schedule 13G, any amendments thereto or any related  documentation  which may be
required to be filed in his individual  capacity as a managing member of Noonday
Asset  Management LLP, and granting unto each said  attorney-in-fact  and agent,
full power and authority to do and perform each and every act and thing which he
might or could do in person,  hereby ratifying and confirming all that each said
attorney-in-fact  and  agent,  may  lawfully  do or cause  to be done by  virtue
hereof. The authority of each of Monica R. Landry,  Thomas F. Steyer and Mark C.
Wehrly  under  this  Power  of  Attorney  shall  continue  with  respect  to the
undersigned until the undersigned is no longer required to file Schedule 13Ds or
13Gs unless revoked earlier in writing.


Date: August 14, 2006

                                                     /s/ Nicolas Giauque
                                                     -------------------------
                                                     Name: Nicolas Giauque




                              Page 47 of 49 Pages




                                                                       EXHIBIT 6
                                                                              to
                                                                    SCHEDULE 13G



                                POWER OF ATTORNEY

         The  undersigned  hereby  appoints each of Monica R. Landry,  Thomas F.
Steyer  and Mark C.  Wehrly his true and  lawful  attorney-in-fact  and agent to
execute and file with the Securities  and Exchange  Commission any Schedule 13D,
Schedule 13G, any amendments thereto or any related  documentation  which may be
required to be filed in his individual  capacity as a managing member of Noonday
Asset  Management LLP, and granting unto each said  attorney-in-fact  and agent,
full power and authority to do and perform each and every act and thing which he
might or could do in person,  hereby ratifying and confirming all that each said
attorney-in-fact  and  agent,  may  lawfully  do or cause  to be done by  virtue
hereof. The authority of each of Monica R. Landry,  Thomas F. Steyer and Mark C.
Wehrly  under  this  Power  of  Attorney  shall  continue  with  respect  to the
undersigned until the undersigned is no longer required to file Schedule 13Ds or
13Gs unless revoked earlier in writing.


Date: August 8, 2006

                                                     /s/ Lars E. Bane
                                                     ---------------------------
                                                     Name: Lars E. Bane





                              Page 48 of 49 Pages





                                                                       EXHIBIT 7
                                                                              to
                                                                    SCHEDULE 13G



                                POWER OF ATTORNEY

         The  undersigned  hereby  appoints each of Monica R. Landry,  Thomas F.
Steyer  and Mark C.  Wehrly his true and  lawful  attorney-in-fact  and agent to
execute and file with the Securities  and Exchange  Commission any Schedule 13D,
Schedule 13G, any amendments thereto or any related  documentation  which may be
required to be filed in his individual  capacity as a managing member of Noonday
Asset  Management LLP, and granting unto each said  attorney-in-fact  and agent,
full power and authority to do and perform each and every act and thing which he
might or could do in person,  hereby ratifying and confirming all that each said
attorney-in-fact  and  agent,  may  lawfully  do or cause  to be done by  virtue
hereof. The authority of each of Monica R. Landry,  Thomas F. Steyer and Mark C.
Wehrly  under  this  Power  of  Attorney  shall  continue  with  respect  to the
undersigned until the undersigned is no longer required to file Schedule 13Ds or
13Gs unless revoked earlier in writing.


Date: August 8, 2006

                                                     /s/ Davide Leone
                                                     ---------------------------
                                                     Name: Davide Leone



                              Page 49 of 49 Pages