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FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Ìý MATLINPATTERSON LLC
2. Date of Event Requiring Statement (Month/Day/Year)
02/16/2005
3. Issuer Name and Ticker or Trading Symbol
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ CORP [HUN]
(Last)
(First)
(Middle)
520 MADISON AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK,ÌýNYÌý10022
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 143,869,797 (1)
I
By HMP Equity Trust (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MATLINPATTERSON LLC
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý Ìý X Ìý Ìý
MATLINPATTERSON ASSET MANAGEMENT LLC
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý Ìý X Ìý Ìý
MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS LP
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý Ìý X Ìý Ìý
MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS B LP
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý Ìý X Ìý Ìý
MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS BERMUDA LP
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý Ìý X Ìý Ìý
MATLINPATTERSON GLOBAL PARTNERS LLC
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý Ìý X Ìý Ìý
MATLINPATTERSON GLOBAL ADVISERS LLC
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý Ìý X Ìý Ìý
PATTERSON MARK R
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý Ìý X Ìý Ìý
MATLIN DAVID J
520 MADISON AVENUE
NEW YORK,ÌýNYÌý10022
Ìý X Ìý X Ìý Ìý

Signatures

Mark R. Patterson, as Member for MatlinPatterson LLC 02/18/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) See Below
Ìý
Remarks:
MatlinPattersonÌýGlobalÌýOpportunitiesÌýPartnersÌýL.P.,ÌýMatlinPattersonÌýGlobalÌýOpportunitiesÌýPartnersÌýB,ÌýL..P.andÌýMatlinPattersonÌýGlobalÌýOpportunitiesÌýPartnersÌý(Bermuda)ÌýL.P.Ìý(collectively,ÌýtheÌý"Partnerships")ÌýareÌýbeneficiariesÌýofÌýHMPÌýEquityÌýTrust.ÌýÌýMatlinPattersonÌýGlobalÌýPartnersÌýLLCÌý("MatlinÌýGlobalÌýPartners")ÌýisÌýtheÌýgeneralÌýpartnerÌýofÌýeachÌýofÌýtheÌýPartnerships.ÌýMatlinPattersonÌýGlobalÌýAdvisersÌýLLCÌý("MatlinÌýAdvisers")ÌýisÌýtheÌýinvestmentÌýadvisorÌýtoÌýeachÌýofÌýtheÌýPartnerships.ÌýÌýÌýMatlinPattersonÌýAssetÌýManagementÌýLLCÌý("MatlinÌýAssetÌýManagement")ÌýisÌýtheÌýmanagingÌýmemberÌýofÌýMatlinÌýGlobalÌýPartnersÌýandÌýMatlinÌýAdvisers.ÌýMatlinPattersonÌýLLCÌý("MatlinPatterson")ÌýisÌýtheÌýmanagingÌýmemberÌýofÌýMatlinÌýAssetÌýManagement.ÌýDavidÌýJ.ÌýMatlin,ÌýaÌýdirectorÌýofÌýtheÌýIssuer,ÌýandÌýMarkÌýR.ÌýPattersonÌýeachÌýownÌý50%ÌýofÌýtheÌýmembershipÌýinterestsÌýofÌýMatlinPatterson.ÌýÌýÌýTheÌýPartnershipsÌýhaveÌýdispositiveÌýpowerÌýoverÌýcertainÌýsharesÌýheldÌýbyÌýHMPÌýEquityÌýTrust.ÌýÌýEachÌýofÌýtheÌýreportingÌýpersonsÌýdisclaimsÌýbeneficialÌýownershipÌýofÌýtheÌýsharesÌýheldÌýbyÌýHMPÌýEquityÌýTrustÌýexceptÌýtoÌýtheÌýextentÌýofÌýitsÌýpecuniaryÌýinterestÌýtherein,ÌýandÌýtheÌýinclusionÌýofÌýtheseÌýsharesÌýinÌýthisÌýreportÌýshallÌýnotÌýbeÌýdeemedÌýanÌýadmissionÌýofÌýbeneficialÌýownershipÌýofÌýallÌýofÌýtheÌýreportedÌýsharesÌýforÌýpurposesÌýofÌýSectionÌý16ÌýorÌýforÌýanyÌýotherÌýpurpose.

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