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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)(1)
CRESUD SOCIEDAD ANONIMA COMERCIAL
INMOBILIARIA FINANCIERA Y
AGROPECUARIA
"CRESUD INC."
-----------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE 1.00 PESO
PER SHARE
-----------------------------------------------------
(Title of Class of Securities)
226406106
-----------------------------------------------------
(CUSIP Number)
December 31, 2006
-----------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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(1) 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).
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CUSIP No. 226406106 13G Page 2 of 6 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Jefferies & Company, Inc.
95-2622900
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. Sole Voting Power
0
-------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 29,898,404 shares of common stock
Owned by Each -------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With
0
-------------------------------------------------------------
8. Shared Dispositive Power
29,898,404 shares of common stock
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
29,898,404 shares of common stock
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
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11. Percent of Class Represented by Amount in Row (9)
12.0%
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12. Type of Reporting Person (See Instructions)
BD
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 226406106 13G Page 3 of 6 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Jefferies Group, Inc.
95-4719745
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
5. Sole Voting Power
0
-------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 29,898,404 shares of common stock
Owned by Each -------------------------------------------------------------
Reporting 7. Sole Dispositive Power
0
-------------------------------------------------------------
8. Shared Dispositive Power
29,898,404 shares of common stock
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
29,898,404 shares of common stock
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
12.0%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
HC, CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 226406106 13G Page 4 of 6 Pages
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Item 1.
(a) Name of Issuer:
CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA FINANCIERA Y
AGROPECUARIA ("CRESUD INC.")
(b) Address of Issuer's Principal Executive Offices:
Moreno 877, 23rd Floor, (C1091AAQ) Buenos Aires, Argentina
ITEM 2.
(a) Name of Person Filing:
Jefferies & Company, Inc.
Jefferies Group, Inc.
(b) Address of Principal Business Office or, if none, Residence:
520 Madison Ave., 12th Floor
New York, NY 10022
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Common Stock, par value 1.00 Peso per share
(e) CUSIP Number:
226406106
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 A:
(a) [X] Broker or dealer registered under Section 15 of the Act (15
U.S.C. 78o);
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act
(15 U.S.C. 78c);
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [X] A parent holding company or control person in accordance
with Rule 13d-1(b)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Rule13d-1(b)(1)(ii)(J).
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CUSIP No. 226406106 13G Page 5 of 6 Pages
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ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 29,898,404
(b) Percent of class: 12.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or direct the vote: 29,898,404
(iii) Sole power to dispose or direct the
disposition of: 0
(iv) Shared power to dispose or direct the
disposition of: 29,898,404
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.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
PERSON.
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF A 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 acquired and are held in the ordinary course
of business and 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.
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CUSIP No. 226406106 13G Page 6 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 14, 2007 Jefferies & Company, Inc.
By: /s/ Roland T. Kelly
------------------------------
Roland T. Kelly
Vice President and
Assistant General Counsel
Date: February 14, 2007 Jefferies Group, Inc.
By: /s/ Roland T. Kelly
------------------------------
Roland T. Kelly
Assistant Secretary
Jefferies & Company, Inc. and Jefferies Group, Inc. agreed to jointly file a
Schedule 13G and amendments thereto to report beneficial ownership of shares of
common stock of CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA FINANCIERA Y
AGROPECUARIA.