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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 CITADEL L P
2. Date of Event Requiring Statement (Month/Day/Year)
08/28/2008
3. Issuer Name and Ticker or Trading Symbol
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ CORP [HUN]
(Last)
(First)
(Middle)
C/O CITADEL INVESTMENT GROUP LLC,Ìý131 S. DEARBORN STREET, 32ND FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
See Note 1 in Remarks below
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

°ä±á±õ°ä´¡³Ò·¡,Ìý±õ³¢Ìý60603
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)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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
PUT OPTION: HUNNW [RIGHT TO SELL] Ìý (3) 02/21/2009 Common Stock 2,500 $ 17.5 D (2) Ìý
PUT OPTION: HUNNX [OBLIGATION TO PURCHASE] Ìý (3) 02/21/2009 Common Stock 100 $ 22.5 D (1) Ìý
PUT OPTION: HUNNZ [OBLIGATION TO PURCHASE] Ìý (3) 02/21/2009 Common Stock 300 $ 2.5 D (1) Ìý
PUT OPTION: HUNNZ [OBLIGATION TO PURCHASE] Ìý (3) 02/21/2009 Common Stock 100 $ 2.5 D (2) Ìý
PUT OPTION: HUNUB [OBLIGATION TO PURCHASE] Ìý (3) 09/20/2008 Common Stock 100 $ 5 D (1) Ìý
PUT OPTION: HUNUC [RIGHT TO SELL] Ìý (3) 09/20/2008 Common Stock 1,200 $ 15 D (1) Ìý
PUT OPTION: HUNUD [RIGHT TO SELL] Ìý (3) 09/20/2008 Common Stock 1,000 $ 20 D (1) Ìý
PUT OPTION: HUNUU [OBLIGATION TO PURCHASE] Ìý (3) 09/20/2008 Common Stock 4,600 $ 7.5 D (1) Ìý
PUT OPTION: HUNUV [RIGHT TO SELL] Ìý (3) 09/20/2008 Common Stock 21,000 $ 12.5 D (1) Ìý
PUT OPTION: HUNUW [RIGHT TO SELL] Ìý (3) 09/20/2008 Common Stock 7,600 $ 17.5 D (1) Ìý
PUT OPTION: HUNVC [OBLIGATION TO PURCHASE] Ìý (3) 10/18/2008 Common Stock 3,000 $ 15 D (1) Ìý
PUT OPTION: HUNVV [RIGHT TO SELL] Ìý (3) 10/18/2008 Common Stock 9,800 $ 12.5 D (1) Ìý
PUT OPTION: HUNWA [OBLIGATION TO PURCHASE] Ìý (3) 11/22/2008 Common Stock 4,400 $ 5 D (1) Ìý
PUT OPTION: HUNWA [OBLIGATION TO PURCHASE] Ìý (3) 11/22/2008 Common Stock 1,800 $ 5 D (2) Ìý
PUT OPTION: HUNWB [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 23,200 $ 10 D (1) Ìý
PUT OPTION: HUNWB [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 11,500 $ 10 D (2) Ìý
PUT OPTION: HUNWC [OBLIGATION TO PURCHASE] Ìý (3) 11/22/2008 Common Stock 7,900 $ 15 D (1) Ìý
PUT OPTION: HUNWC [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 3,400 $ 15 D (2) Ìý
PUT OPTION: HUNWD [OBLIGATION TO PURCHASE] Ìý (3) 11/22/2008 Common Stock 1,000 $ 20 D (2) Ìý
PUT OPTION: HUNWD [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 1,800 $ 20 D (1) Ìý
PUT OPTION: HUNWU [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 8,500 $ 7.5 D (1) Ìý
PUT OPTION: HUNWU [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 2,900 $ 7.5 D (2) Ìý
PUT OPTION: HUNWV [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 16,700 $ 12.5 D (1) Ìý
PUT OPTION: HUNWV [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 2,500 $ 12.5 D (2) Ìý
PUT OPTION: HUNWW [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 26,100 $ 17.5 D (1) Ìý
PUT OPTION: HUNWW [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 7,500 $ 17.5 D (2) Ìý
PUT OPTION: HUNWX [RIGHT TO SELL] Ìý (3) 11/22/2008 Common Stock 4,900 $ 22.5 D (1) Ìý
PUT OPTION: HUNWZ [OBLIGATION TO PURCHASE] Ìý (3) 11/22/2008 Common Stock 8,400 $ 2.5 D (1) Ìý

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CITADEL L P
C/O CITADEL INVESTMENT GROUP LLC
131 S. DEARBORN STREET, 32ND FLOOR
°ä±á±õ°ä´¡³Ò·¡,Ìý±õ³¢Ìý60603
Ìý Ìý Ìý See Note 1 in Remarks below
CITADEL INVESTMENT GROUP LLC
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below
CITADEL EQUITY FUND LTD
C/O CITADEL INVESTMENT GROUP, L.L.C.
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below
GRIFFIN KENNETH C
C/O CITADEL INVESTMENT GROUP, L.L.C.
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below
CITADEL ADVISORS LLC
C/O CITADEL INVESTMENT GROUP II, L.L.C.
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below
CITADEL HOLDINGS I LP
C/O CITADEL INVESTMENT GROUP II, L.L.C.
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below
CITADEL HOLDINGS II LP
C/O CITADEL INVESTMENT GROUP II, L.L.C.
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below
Citadel Derivatives Group, LLC
C/O CITADEL INVESTMENT GROUP II, L.L.C.
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below
CITADEL DERIVATIVES TRADING LTD
C/O CITADEL INVESTMENT GROUP II, L.L.C.
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below
CITADEL INVESTMENT GROUP II, L.L.C.
131 S. DEARBORN STREET, 32ND FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý See Note 1 in Remarks below

Signatures

/s/ John C. Nagel, Authorized Signatory 09/08/2008
**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) This security is owned by Citadel Derivatives Group LLC.
(2) This security is owned by Citadel Derivatives Trading Group Ltd.
(3) Where the security shown is a call option and the description is "obligation to sell", the Reporting Person is short that particular call option as of the date of this filing. Where a security is a call option and the description is "right to purchase", the Reporting person is long that particular call option as of the date of this filing. Where a security is a put option and the description is "obligation to purchase", the Reporting person is short that particular put option as of the date of this filing. Where a security is a put option and the description is "right to sell", the Reporting person is long that particular put option as of the date of this filing. Each of the securities listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration. These options were acquired on various dates.
Ìý
Remarks:
NoteÌý1:
AsÌýaÌýresultÌýofÌýtheÌýpotentialÌýarrangementsÌýbetweenÌýtheÌýReportingÌýPersonsÌýandÌýothersÌýdescribedÌýinÌýItemÌý4ÌýofÌýAmendmentÌýNo.Ìý1Ìýto
ÌýScheduleÌý13DÌýfiledÌýbyÌýtheÌýReportingÌýPersonsÌýonÌýSeptemberÌý2,Ìý2008Ìý("AmendmentÌýNo.Ìý1")ÌýrelatingÌýtoÌýtheÌýIssuerÌýÌý(incorporated
ÌýbyÌýreferenceÌýherein),ÌýtheÌýReportingÌýPersonsÌýmayÌýbeÌýdeemedÌýtoÌýhaveÌýformedÌýaÌý"group"ÌýwithÌýcertainÌýotherÌýpersonsÌýforÌýpurposes
ÌýofÌýRuleÌý13d-5(b)(1)ÌýpromulgatedÌýunderÌýtheÌý1934ÌýAct.ÌýIfÌýtheÌýReportingÌýPersonsÌýareÌýdeemedÌýtoÌýhaveÌýformedÌýaÌý"group"ÌýwithÌýsuch
ÌýotherÌýpersons,ÌýtheÌýReportingÌýPersonsÌýmayÌýbeÌýdeemedÌýtoÌýhaveÌýbeneficialÌýownershipÌýofÌýgreaterÌýthanÌý10%ÌýofÌýtheÌýIssuer's
ÌýoutstandingÌýCommonÌýSharesÌýpursuantÌýtoÌýRuleÌý16a-1(a)(1)ÌýandÌýRuleÌý13d-5(b)(1).ÌýOnÌýAugustÌý29,Ìý2008,ÌýHexionÌýSpecialtyÌýChemicals,
ÌýInc.ÌýrejectedÌýtheÌýtermsÌýofferedÌýbyÌýtheÌýproposalÌýletterÌýdescribedÌýinÌýAmendmentÌýNo.Ìý1.

NoteÌý2:
EachÌýofÌýtheÌýReportingÌýPersonsÌýexpresslyÌýdisclaimsÌýbeneficialÌýownershipÌýofÌýtheÌýsecuritiesÌýdescribedÌýhereinÌýexceptÌýtoÌýthe
ÌýextentÌýofÌýsuchÌýperson'sÌýpecuniaryÌýinterestÌýtherein.ÌýÌýEachÌýofÌýtheÌýReportingÌýPersonsÌýfurtherÌýdisclaimsÌýmembershipÌýinÌýaÌýgroup
ÌýwithÌýregardÌýtoÌýtheÌýCommonÌýSharesÌýofÌýtheÌýIssuerÌýwithÌýtheÌýpersonsÌýdescribedÌýinÌýItemÌý4ÌýofÌýAmendmentÌýNo.Ìý1.

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