ARVEY SMIDCAP OFFSHORE FUND LTD 31 Jan 06 O $74M 2.388.92 31 Mar 1.69% 5.47% 15.93% 9.43% 4.99% 11.25% 7.66% (9.17%) Jell Moskowitz and Jim Schwartz Mar 14 14 April - Dec Ii SENVEST PARTNERS. LTD - CLASS A 31 Mar 97 O $383M 2.527.04 30 Apr (2.20%) 9.14% 79.51% 34.81% -33.96% 20.80% 3