Income Research & Management 13F-HR Quarterly holdings report by institutional manager

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

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

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AIRTRAN HLDGS INC	NOTE 5.250%11/0	00949PAD0	15,320	10,312	PRN		SOLE		88,000	0	10,224,000
ALLEGHENY TECHNOLOGIES INC	NOTE 4.250% 6/0	01741RAD4	10,292	9,920	PRN		SOLE		93,000	0	9,827,000
ALZA CORP	SDCV 7/2	02261WAB5	19,677	16,509	PRN		SOLE		121,000	0	16,388,000
ARCHER DANIELS MIDLAND CO	NOTE 0.875% 2/1	039483AW2	32,515	31,956	PRN		SOLE		250,000	0	31,706,000
ARES CAP CORP	NOTE 5.125% 6/0	04010LAD5	19,043	18,072	PRN		SOLE		175,000	0	17,897,000
BANK OF AMERICA CORPORATION	7.25%CNV PFD L	060505682	7,727	7,180	SH		SOLE		165,000	0	7,015,000
CSX CORP	DBCV 10/3	126408GA5	5,728	2,090	PRN		SOLE		0	0	2,090,000
DANAHER CORP DEL	NOTE 1/2	235851AF9	20,210	10,030	PRN		SOLE		60,000	0	9,970,000
DEVELOPERS DIVERSIFIED RLTY	NOTE 1.750%11/1	251591AX1	6,542	5,770	PRN		SOLE		77,000	0	5,693,000
DOMINION RES INC VA NEW	NOTE 2.125%12/1	25746UAT6	23,926	12,920	PRN		SOLE		115,000	0	12,805,000
E M C CORP MASS	NOTE 1.750%12/0	268648AM4	35,175	22,010	PRN		SOLE		83,000	0	21,927,000
FIDELITY NATIONAL FINANCIAL	NOTE 4.250% 8/1	31620RAE5	18,600	13,133	PRN		SOLE		110,000	0	13,023,000
FORD MTR CO DEL	NOTE 4.250%11/1	345370CN8	22,388	11,332	PRN		SOLE		77,000	0	11,255,000
GILEAD SCIENCES INC	NOTE 1.000% 5/0	375558AN3	18,547	6,661	PRN		SOLE		0	0	6,661,000
GILEAD SCIENCES INC	NOTE 1.625% 5/0	375558AP8	40,692	14,697	PRN		SOLE		102,000	0	14,595,000
GOLDCORP INC NEW	NOTE 2.000% 8/0	380956AB8	13,795	13,667	PRN		SOLE		110,000	0	13,557,000
HEALTH CARE REIT INC	NOTE 3.000%12/0	42217KAR7	10,354	8,371	PRN		SOLE		75,000	0	8,296,000
INTEL CORP	SDCV 2.950%12/1	458140AD2	43,977	40,625	PRN		SOLE		230,000	0	40,395,000
JEFFERIES GROUP INC NEW	DBCV 3.875%11/0	472319AG7	25,394	24,228	PRN		SOLE		690,000	0	23,538,000
L-3 COMMUNICATIONS CORP	DEBT 3.000% 8/0	502413AW7	5,222	4,796	PRN		SOLE		0	0	4,796,000
LAM RESEARCH CORP	NOTE 0.500% 5/1	512807AJ7	24,098	21,302	PRN		SOLE		155,000	0	21,147,000
LAM RESEARCH CORP	NOTE 1.250% 5/1	512807AL2	1,504	1,250	PRN		SOLE		0	0	1,250,000
NEWMONT MINING CORP	NOTE 1.250% 7/1	651639AH9	378	375	PRN		SOLE		0	0	375,000
NEWMONT MINING CORP	NOTE 1.625% 7/1	651639AJ5	24,166	21,919	PRN		SOLE		195,000	0	21,724,000
NOVELLUS SYS INC	NOTE 2.625% 5/1	670008AD3	10,132	6,400	PRN		SOLE		55,000	0	6,345,000
OLD REP INTL CORP	NOTE 3.750% 3/1	680223AH7	18,966	16,047	PRN		SOLE		120,000	0	15,927,000
PRICELINE COM INC	DEBT 1.000% 3/1	741503AQ9	36,364	28,299	PRN		SOLE		165,000	0	28,134,000
PROLOGIS	NOTE 3.250% 3/1	74340XAT8	16,446	14,530	PRN		SOLE		135,000	0	14,395,000
SANDISK CORP	NOTE 1.500% 8/1	80004CAD3	2,427	1,835	PRN		SOLE		0	0	1,835,000
STANLEY BLACK & DECKER INC	UNIT 99/99/9999	854502309	2,397	17,450	SH		SOLE		0	0	17,450,000
TEVA PHARMACEUTICAL FIN LLC	DBCV 0.250% 2/0	88163VAE9	14,892	14,362	PRN		SOLE		0	0	14,362,000
TRINITY INDS INC	NOTE 3.875% 6/0	896522AF6	1,595	1,315	PRN		SOLE		0	0	1,315,000
WELLS FARGO & CO NEW	PERP PFD CNV A	949746804	16,886	14,845	SH		SOLE		175,000	0	14,670,000
XILINX INC	NOTE 2.625% 6/1	983919AF8	27,308	16,831	PRN		SOLE		100,000	0	16,731,000